{ "ticker": { "uuid": "8d83f32b-01b0-4dd0-8840-487447cd8645", "symbol": "603808", "name": "Shenzhen Ellassay Fashion Co.,Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -62.837, "architecture_energy": 55.35, "architecture_maturity": 49.365, "architecture_confidence": 94.368, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 11.36, "rotation_up": 26.42, "upward_expansion": 9.88, "deceleration": 59.66, "rotation_down": 52.84, "downward_expansion": 83.22 }, "activity_lines": [ 7.676628, 7.7253, 8.422977, 8.878105 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 8.05, "trend_reference": 9.334012, "distance_from_trend": -0.137563, "trend_direction": "Weakening", "fair_value": 8.302108, "distance_from_fair_value": -0.030367, "fair_value_direction": "Weakening", "relative_strength": -9.239098, "relative_strength_direction": "Weakening", "price_momentum": -0.241282, "excess_performance": -0.198078, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.137563, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.026795, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.030367, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.281616, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.092391, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.215485, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.241282, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.333002, "read": "Supply-led" } ], "volume": { "latest": 24207150, "relative_activity": 0.735873, "balance": 0.333002, "dry_up": 0.691819, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.082372, "annualized_volatility": 0.374589, "from_high_reference": -0.291373, "from_low_reference": 0.159942 }, "levels": { "trend_reference": 9.334012, "fair_value_reference": 8.302108, "structural_low": 6.94, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 26, "median_return": -0.033737, "positive_rate": 0.384615, "directional_follow_through": 0.615385, "median_excess_return": -0.011963, "regime_survival": 0.846154, "best_return": 0.162273, "worst_return": -0.291991, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.026149, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.076281, "regime_survival": 0.7, "best_return": 0.244605, "worst_return": -0.301251, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.043104, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.104579, "regime_survival": 0.5, "best_return": 0.459641, "worst_return": -0.324003, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.033574, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.050923, "regime_survival": 0.5, "best_return": 0.664471, "worst_return": -0.358971, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.03281, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.090909, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.03794, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.022727, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-09-05", "tenure": "Developing", "return": 0.009889, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-10-31", "tenure": "Developing", "return": 0.090354, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2025-12-19", "tenure": "Developing", "return": -0.033708, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": 0.198079, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.084826, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.135021, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-05-22", "tenure": "Developing", "return": -0.088235, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": 0.002205, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-07-03", "tenure": "New", "return": -0.119649, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.08499, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 12.503412, "volume": 10406729, "typical_volume": 14274169.4, "trend": 11.143503, "fair_value": 11.836029, "relative_strength": 21.554647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.791419, "energy": 43.113693, "activity_lines": [ 12.576528, 12.419022, 12.190121, 11.781966 ] }, { "date": "2023-08-04", "close": 11.860489, "volume": 12976478, "typical_volume": 14405786.3, "trend": 11.248156, "fair_value": 11.830349, "relative_strength": 14.246944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.575498, "energy": 32.571516, "activity_lines": [ 12.339643, 12.339615, 12.19493, 11.828224 ] }, { "date": "2023-08-11", "close": 11.495846, "volume": 8881495, "typical_volume": 14160805.85, "trend": 11.336822, "fair_value": 11.825128, "relative_strength": 13.571856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.591953, "energy": 12.776852, "activity_lines": [ 12.029376, 12.196417, 12.158274, 11.844204 ] }, { "date": "2023-08-18", "close": 11.697359, "volume": 6827244, "typical_volume": 13665935.7, "trend": 11.420385, "fair_value": 11.820617, "relative_strength": 16.937018, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.523131, "energy": 15.839174, "activity_lines": [ 11.852812, 12.099168, 12.134989, 11.867464 ] }, { "date": "2023-08-25", "close": 11.399888, "volume": 7001805, "typical_volume": 13456434.35, "trend": 11.470074, "fair_value": 11.814082, "relative_strength": 15.782154, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -6.961187, "energy": 25.051002, "activity_lines": [ 11.633387, 11.956618, 12.078829, 11.866142 ] }, { "date": "2023-09-01", "close": 12.090791, "volume": 12911707, "typical_volume": 13633551.7, "trend": 11.542793, "fair_value": 11.807314, "relative_strength": 19.217214, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.629839, "energy": 18.595118, "activity_lines": [ 11.733184, 11.952137, 12.085615, 11.906188 ] }, { "date": "2023-09-08", "close": 11.668572, "volume": 6711669, "typical_volume": 13640231.9, "trend": 11.60048, "fair_value": 11.795391, "relative_strength": 14.919686, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.049132, "energy": 13.619176, "activity_lines": [ 11.71975, 11.866421, 12.045862, 11.914303 ] }, { "date": "2023-09-15", "close": 11.639785, "volume": 6778056, "typical_volume": 13186376.3, "trend": 11.653054, "fair_value": 11.784449, "relative_strength": 13.926449, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.440254, "energy": 10.780477, "activity_lines": [ 11.709515, 11.792097, 11.998322, 11.916839 ] }, { "date": "2023-09-22", "close": 11.937256, "volume": 7348890, "typical_volume": 12471275.3, "trend": 11.695419, "fair_value": 11.770927, "relative_strength": 15.524869, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.110462, "energy": 9.530249, "activity_lines": [ 11.78884, 11.787386, 11.978857, 11.935174 ] }, { "date": "2023-09-29", "close": 12.205941, "volume": 5690261, "typical_volume": 10633854.9, "trend": 11.749615, "fair_value": 11.767578, "relative_strength": 18.105921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.205485, "energy": 14.239512, "activity_lines": [ 11.941735, 11.842519, 11.987098, 11.968111 ] }, { "date": "2023-10-13", "close": 11.112013, "volume": 10124115, "typical_volume": 9825539.65, "trend": 11.77693, "fair_value": 11.753136, "relative_strength": 7.780048, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.25075, "energy": 20.057088, "activity_lines": [ 11.676249, 11.708352, 11.895643, 11.926976 ] }, { "date": "2023-10-20", "close": 11.284738, "volume": 11204425, "typical_volume": 9675805.4, "trend": 11.804892, "fair_value": 11.740735, "relative_strength": 12.613066, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.775996, "energy": 26.044122, "activity_lines": [ 11.533591, 11.630887, 11.82714, 11.895221 ] }, { "date": "2023-10-27", "close": 11.361505, "volume": 10755955, "typical_volume": 9422616.15, "trend": 11.841163, "fair_value": 11.730515, "relative_strength": 11.408352, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.479746, "energy": 35.975877, "activity_lines": [ 11.44211, 11.577848, 11.769348, 11.866616 ] }, { "date": "2023-11-03", "close": 9.970104, "volume": 24711783, "typical_volume": 9848685.85, "trend": 11.8154, "fair_value": 11.708229, "relative_strength": -2.991456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.854747, "energy": 75.242572, "activity_lines": [ 10.905381, 11.27427, 11.582119, 11.745902 ] }, { "date": "2023-11-10", "close": 9.806974, "volume": 25850181, "typical_volume": 10691477.15, "trend": 11.782284, "fair_value": 11.666248, "relative_strength": -5.123352, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.121042, "energy": 83.477078, "activity_lines": [ 10.445419, 10.972436, 11.38988, 11.616326 ] }, { "date": "2023-11-17", "close": 9.720612, "volume": 24272782, "typical_volume": 11646853.75, "trend": 11.747566, "fair_value": 11.6289, "relative_strength": -6.692768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.653395, "energy": 87.644983, "activity_lines": [ 10.116601, 10.683862, 11.200262, 11.483315 ] }, { "date": "2023-11-24", "close": 9.509502, "volume": 22926191, "typical_volume": 12159900.3, "trend": 11.710923, "fair_value": 11.604886, "relative_strength": -8.501825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.260051, "energy": 91.373042, "activity_lines": [ 9.810173, 10.399999, 11.000654, 11.338924 ] }, { "date": "2023-12-01", "close": 9.624653, "volume": 29472212, "typical_volume": 13209353.4, "trend": 11.645534, "fair_value": 11.588836, "relative_strength": -7.30242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.041939, "energy": 87.503974, "activity_lines": [ 9.660477, 10.176328, 10.826649, 11.204326 ] }, { "date": "2023-12-08", "close": 9.029709, "volume": 18721984, "typical_volume": 13787634.1, "trend": 11.5338, "fair_value": 11.565767, "relative_strength": -11.363871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.863486, "energy": 91.377422, "activity_lines": [ 9.428257, 9.881124, 10.609646, 11.035563 ] }, { "date": "2023-12-15", "close": 9.26001, "volume": 11598000, "typical_volume": 13758598.1, "trend": 11.404187, "fair_value": 11.544583, "relative_strength": -8.403805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.601072, "energy": 84.378984, "activity_lines": [ 9.335497, 9.680658, 10.4313, 10.888867 ] }, { "date": "2023-12-22", "close": 9.154455, "volume": 72411083, "typical_volume": 16858815.8, "trend": 11.293416, "fair_value": 11.523013, "relative_strength": -8.723749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.262661, "energy": 67.570181, "activity_lines": [ 9.244017, 9.514562, 10.259442, 10.743723 ] }, { "date": "2023-12-29", "close": 8.799409, "volume": 29712529, "typical_volume": 17695618.35, "trend": 11.186783, "fair_value": 11.499808, "relative_strength": -14.047828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.344913, "energy": 68.163177, "activity_lines": [ 9.071931, 9.319504, 10.069718, 10.582819 ] }, { "date": "2024-01-05", "close": 8.722641, "volume": 14395913, "typical_volume": 17971339.25, "trend": 11.077272, "fair_value": 11.479609, "relative_strength": -13.505486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.756663, "energy": 66.848137, "activity_lines": [ 8.921596, 9.155677, 9.88726, 10.423842 ] }, { "date": "2024-01-12", "close": 8.885772, "volume": 20229738, "typical_volume": 18641463.95, "trend": 10.967449, "fair_value": 11.46401, "relative_strength": -10.574706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.297816, "energy": 63.962178, "activity_lines": [ 8.885771, 9.069488, 9.733543, 10.282455 ] }, { "date": "2024-01-19", "close": 8.713046, "volume": 53270817, "typical_volume": 20954914.55, "trend": 10.855062, "fair_value": 11.447478, "relative_strength": -10.912534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.258252, "energy": 63.212408, "activity_lines": [ 8.801968, 8.971611, 9.576765, 10.13701 ] }, { "date": "2024-01-26", "close": 8.386786, "volume": 34249621, "typical_volume": 22021810.25, "trend": 10.739786, "fair_value": 11.424309, "relative_strength": -16.547683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.56196, "energy": 63.299197, "activity_lines": [ 8.645875, 8.834303, 9.401709, 9.977766 ] }, { "date": "2024-02-02", "close": 6.966599, "volume": 30360695, "typical_volume": 23204261.55, "trend": 10.552573, "fair_value": 11.395301, "relative_strength": -25.90757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.09548, "energy": 83.970457, "activity_lines": [ 8.067564, 8.46303, 9.109035, 9.734335 ] }, { "date": "2024-02-09", "close": 6.832256, "volume": 34387804, "typical_volume": 24584748.95, "trend": 10.363854, "fair_value": 11.358962, "relative_strength": -30.525139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.146703, "energy": 88.039864, "activity_lines": [ 7.56666, 8.113566, 8.825957, 9.494314 ] }, { "date": "2024-02-23", "close": 7.532754, "volume": 27346236, "typical_volume": 25584616.25, "trend": 10.196886, "fair_value": 11.325831, "relative_strength": -26.722562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.265377, "energy": 80.661236, "activity_lines": [ 7.425281, 7.942236, 8.632486, 9.311663 ] }, { "date": "2024-03-01", "close": 7.532754, "volume": 32995798, "typical_volume": 26949893.1, "trend": 10.023521, "fair_value": 11.294798, "relative_strength": -26.998893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.936134, "energy": 75.916169, "activity_lines": [ 7.374103, 7.798124, 8.459989, 9.139783 ] }, { "date": "2024-03-08", "close": 7.436796, "volume": 15820713, "typical_volume": 27234723.0, "trend": 9.854634, "fair_value": 11.261693, "relative_strength": -28.044197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.524165, "energy": 62.06019, "activity_lines": [ 7.369625, 7.667969, 8.300606, 8.972898 ] }, { "date": "2024-03-15", "close": 7.849418, "volume": 19719704, "typical_volume": 27660486.95, "trend": 9.720931, "fair_value": 11.230942, "relative_strength": -24.00372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.926069, "energy": 51.150969, "activity_lines": [ 7.56602, 7.644066, 8.198022, 8.843529 ] }, { "date": "2024-03-22", "close": 7.964568, "volume": 16301405, "typical_volume": 27937759.45, "trend": 9.603222, "fair_value": 11.199005, "relative_strength": -22.468979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.197154, "energy": 38.830551, "activity_lines": [ 7.741944, 7.658373, 8.122763, 8.730215 ] }, { "date": "2024-03-29", "close": 7.772651, "volume": 16465998, "typical_volume": 27525470.2, "trend": 9.472399, "fair_value": 11.165023, "relative_strength": -23.880658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.942442, "energy": 34.228638, "activity_lines": [ 7.778408, 7.651569, 8.045402, 8.612114 ] }, { "date": "2024-04-05", "close": 8.031739, "volume": 9574921, "typical_volume": 26711707.2, "trend": 9.360127, "fair_value": 11.132643, "relative_strength": -21.827316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.036408, "energy": 26.131952, "activity_lines": [ 7.885242, 7.71211, 8.00318, 8.519168 ] }, { "date": "2024-04-12", "close": 7.878206, "volume": 12806402, "typical_volume": 26138388.2, "trend": 9.219707, "fair_value": 11.102251, "relative_strength": -21.753781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.409581, "energy": 23.74598, "activity_lines": [ 7.907633, 7.757123, 7.95479, 8.42356 ] }, { "date": "2024-04-19", "close": 7.302454, "volume": 22989138, "typical_volume": 26141535.55, "trend": 9.07417, "fair_value": 11.068052, "relative_strength": -28.198006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.308556, "energy": 32.322561, "activity_lines": [ 7.708679, 7.706701, 7.860339, 8.299866 ] }, { "date": "2024-04-26", "close": 7.484775, "volume": 12729604, "typical_volume": 25304405.15, "trend": 8.93567, "fair_value": 11.032923, "relative_strength": -26.621767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.958614, "energy": 35.149804, "activity_lines": [ 7.606963, 7.683322, 7.793762, 8.197325 ] }, { "date": "2024-05-03", "close": 7.465583, "volume": 10755654, "typical_volume": 24906088.65, "trend": 8.786614, "fair_value": 10.997031, "relative_strength": -26.846905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.524792, "energy": 39.817283, "activity_lines": [ 7.530835, 7.64459, 7.735547, 8.10248 ] }, { "date": "2024-05-10", "close": 7.503967, "volume": 18428691, "typical_volume": 25247623.2, "trend": 8.629882, "fair_value": 10.96185, "relative_strength": -27.157716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.00567, "energy": 43.986484, "activity_lines": [ 7.487974, 7.614058, 7.688436, 8.019729 ] }, { "date": "2024-05-17", "close": 7.628713, "volume": 15112401, "typical_volume": 22382689.1, "trend": 8.513772, "fair_value": 10.926828, "relative_strength": -25.365607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.787946, "energy": 42.362996, "activity_lines": [ 7.521879, 7.60673, 7.661567, 7.955138 ] }, { "date": "2024-05-24", "close": 7.312049, "volume": 13160373, "typical_volume": 21555081.3, "trend": 8.381349, "fair_value": 10.889369, "relative_strength": -26.232077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.318136, "energy": 43.906505, "activity_lines": [ 7.466863, 7.538337, 7.611806, 7.877607 ] }, { "date": "2024-05-31", "close": 7.273666, "volume": 8926783, "typical_volume": 21281624.8, "trend": 8.245087, "fair_value": 10.848574, "relative_strength": -25.929559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.481086, "energy": 46.289183, "activity_lines": [ 7.398412, 7.472737, 7.565472, 7.806144 ] }, { "date": "2024-06-07", "close": 6.793872, "volume": 14233957, "typical_volume": 20981835.75, "trend": 8.139213, "fair_value": 10.803713, "relative_strength": -29.365742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.12779, "energy": 59.358654, "activity_lines": [ 7.184104, 7.332462, 7.480343, 7.712517 ] }, { "date": "2024-06-14", "close": 6.718477, "volume": 8995391, "typical_volume": 18768064.45, "trend": 8.036263, "fair_value": 10.757786, "relative_strength": -29.070119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.356432, "energy": 75.449315, "activity_lines": [ 6.989445, 7.196276, 7.397994, 7.620856 ] }, { "date": "2024-06-21", "close": 6.549521, "volume": 6532865, "typical_volume": 17382226.65, "trend": 7.93056, "fair_value": 10.711883, "relative_strength": -29.369069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.827633, "energy": 81.683496, "activity_lines": [ 6.790834, 7.053248, 7.309053, 7.524938 ] }, { "date": "2024-06-28", "close": 6.291118, "volume": 10461916, "typical_volume": 16387287.7, "trend": 7.823281, "fair_value": 10.663857, "relative_strength": -30.77651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.652934, "energy": 88.034449, "activity_lines": [ 6.578034, 6.887395, 7.204251, 7.419167 ] }, { "date": "2024-07-05", "close": 6.171855, "volume": 7277901, "typical_volume": 15031792.55, "trend": 7.708187, "fair_value": 10.608006, "relative_strength": -30.988172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.315444, "energy": 89.399826, "activity_lines": [ 6.393542, 6.718246, 7.091307, 7.312624 ] }, { "date": "2024-07-12", "close": 6.211609, "volume": 9560825, "typical_volume": 14142522.0, "trend": 7.614251, "fair_value": 10.552411, "relative_strength": -30.22905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.026714, "energy": 85.104576, "activity_lines": [ 6.295756, 6.580196, 6.985294, 7.21607 ] }, { "date": "2024-07-19", "close": 6.082408, "volume": 7176770, "typical_volume": 12851570.6, "trend": 7.508331, "fair_value": 10.496884, "relative_strength": -31.10619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.301552, "energy": 89.246149, "activity_lines": [ 6.19372, 6.441455, 6.873267, 7.117242 ] }, { "date": "2024-07-26", "close": 6.042654, "volume": 7172150, "typical_volume": 12419142.45, "trend": 7.404604, "fair_value": 10.441941, "relative_strength": -28.564633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.229566, "energy": 86.633133, "activity_lines": [ 6.120837, 6.321332, 6.764361, 7.022682 ] }, { "date": "2024-08-02", "close": 6.132101, "volume": 10445011, "typical_volume": 11955407.8, "trend": 7.315694, "fair_value": 10.387511, "relative_strength": -26.950942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.79077, "energy": 72.789638, "activity_lines": [ 6.111561, 6.24631, 6.670612, 6.940585 ] }, { "date": "2024-08-09", "close": 6.251364, "volume": 8994250, "typical_volume": 11590050.05, "trend": 7.233318, "fair_value": 10.330674, "relative_strength": -23.577235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.373488, "energy": 60.491625, "activity_lines": [ 6.152641, 6.214426, 6.596399, 6.871918 ] }, { "date": "2024-08-16", "close": 6.241426, "volume": 7864785, "typical_volume": 11159989.4, "trend": 7.145173, "fair_value": 10.271501, "relative_strength": -23.41361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.368062, "energy": 54.618013, "activity_lines": [ 6.185107, 6.199322, 6.529397, 6.807925 ] }, { "date": "2024-08-23", "close": 6.062531, "volume": 9052945, "typical_volume": 11133890.6, "trend": 7.056822, "fair_value": 10.2183, "relative_strength": -24.192952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.756698, "energy": 53.301437, "activity_lines": [ 6.155954, 6.161736, 6.45265, 6.738078 ] }, { "date": "2024-08-30", "close": 6.340811, "volume": 11748940, "typical_volume": 11081017.5, "trend": 6.988623, "fair_value": 10.172207, "relative_strength": -19.543735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.359091, "energy": 38.755858, "activity_lines": [ 6.220886, 6.186673, 6.411783, 6.691883 ] }, { "date": "2024-09-06", "close": 6.07247, "volume": 12799629, "typical_volume": 10571542.05, "trend": 6.958819, "fair_value": 10.121343, "relative_strength": -19.973656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.418879, "energy": 43.524108, "activity_lines": [ 6.176494, 6.166615, 6.35268, 6.632777 ] }, { "date": "2024-09-13", "close": 5.86376, "volume": 7791000, "typical_volume": 10324611.85, "trend": 6.926536, "fair_value": 10.068004, "relative_strength": -20.012697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.397327, "energy": 53.959324, "activity_lines": [ 6.066507, 6.112585, 6.279558, 6.562128 ] }, { "date": "2024-09-20", "close": 5.973084, "volume": 4674700, "typical_volume": 10020564.15, "trend": 6.874547, "fair_value": 10.020212, "relative_strength": -18.594025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.488857, "energy": 49.670507, "activity_lines": [ 6.018802, 6.084035, 6.224566, 6.500615 ] }, { "date": "2024-09-27", "close": 6.638968, "volume": 16619332, "typical_volume": 9930096.2, "trend": 6.844754, "fair_value": 9.968971, "relative_strength": -18.875415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.404087, "energy": 26.970029, "activity_lines": [ 6.210947, 6.180891, 6.240099, 6.485416 ] }, { "date": "2024-10-04", "close": 7.175651, "volume": 9426876, "typical_volume": 9645819.95, "trend": 6.836049, "fair_value": 9.923264, "relative_strength": -17.870999, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 12.87994, "energy": 17.745147, "activity_lines": [ 6.543558, 6.365206, 6.310863, 6.506764 ] }, { "date": "2024-10-11", "close": 6.579337, "volume": 29928356, "typical_volume": 10484219.1, "trend": 6.793713, "fair_value": 9.873256, "relative_strength": -20.824027, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -8.745058, "energy": 21.756849, "activity_lines": [ 6.621741, 6.4205, 6.326993, 6.490202 ] }, { "date": "2024-10-18", "close": 6.658845, "volume": 17070321, "typical_volume": 10891396.0, "trend": 6.750189, "fair_value": 9.829142, "relative_strength": -20.016763, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -3.622448, "energy": 24.623944, "activity_lines": [ 6.692636, 6.482119, 6.354185, 6.481501 ] }, { "date": "2024-10-25", "close": 7.11602, "volume": 17678908, "typical_volume": 11063643.55, "trend": 6.728301, "fair_value": 9.791068, "relative_strength": -14.465201, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.534933, "energy": 40.757501, "activity_lines": [ 6.862917, 6.619453, 6.427845, 6.505103 ] }, { "date": "2024-11-01", "close": 6.897371, "volume": 21783758, "typical_volume": 11703061.9, "trend": 6.690489, "fair_value": 9.75273, "relative_strength": -15.321732, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.452859, "energy": 37.329382, "activity_lines": [ 6.88412, 6.701129, 6.479147, 6.516011 ] }, { "date": "2024-11-08", "close": 7.245221, "volume": 23477222, "typical_volume": 12550279.75, "trend": 6.669389, "fair_value": 9.714528, "relative_strength": -14.913437, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.479759, "energy": 49.171826, "activity_lines": [ 7.004045, 6.830873, 6.562725, 6.5518 ] }, { "date": "2024-11-15", "close": 7.46387, "volume": 33222424, "typical_volume": 13688305.15, "trend": 6.67477, "fair_value": 9.679343, "relative_strength": -8.442319, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.831267, "energy": 56.397864, "activity_lines": [ 7.192215, 6.983927, 6.663815, 6.603057 ] }, { "date": "2024-11-22", "close": 7.563256, "volume": 127942449, "typical_volume": 19721532.55, "trend": 6.677386, "fair_value": 9.644496, "relative_strength": -4.769839, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.607496, "energy": 48.570409, "activity_lines": [ 7.354546, 7.129753, 6.768785, 6.660378 ] }, { "date": "2024-11-29", "close": 7.801781, "volume": 49125386, "typical_volume": 21699760.6, "trend": 6.688593, "fair_value": 9.609024, "relative_strength": -2.916244, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.163032, "energy": 69.064663, "activity_lines": [ 7.53609, 7.288047, 6.889846, 6.73292 ] }, { "date": "2024-12-06", "close": 7.841536, "volume": 33878905, "typical_volume": 23034867.35, "trend": 6.699845, "fair_value": 9.568722, "relative_strength": -3.980656, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.787631, "energy": 70.032525, "activity_lines": [ 7.685169, 7.420321, 7.007121, 6.807303 ] }, { "date": "2024-12-13", "close": 8.22914, "volume": 41254839, "typical_volume": 24739001.8, "trend": 6.719859, "fair_value": 9.527794, "relative_strength": 1.628622, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.611944, "energy": 71.345616, "activity_lines": [ 7.900505, 7.601203, 7.152935, 6.905968 ] }, { "date": "2024-12-20", "close": 7.662642, "volume": 39684550, "typical_volume": 26200978.75, "trend": 6.731545, "fair_value": 9.484072, "relative_strength": -4.024529, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.806324, "energy": 51.953917, "activity_lines": [ 7.861413, 7.659931, 7.234384, 6.966792 ] }, { "date": "2024-12-27", "close": 7.205467, "volume": 26703922, "typical_volume": 27086462.35, "trend": 6.729272, "fair_value": 9.439514, "relative_strength": -9.854943, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.324955, "energy": 38.129745, "activity_lines": [ 7.656678, 7.61584, 7.265004, 6.997368 ] }, { "date": "2025-01-03", "close": 7.523501, "volume": 45367177, "typical_volume": 28961581.95, "trend": 6.753593, "fair_value": 9.39825, "relative_strength": 0.15883, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.611619, "energy": 27.941457, "activity_lines": [ 7.581808, 7.619634, 7.32137, 7.048609 ] }, { "date": "2025-01-10", "close": 6.97688, "volume": 61132132, "typical_volume": 31565541.3, "trend": 6.762207, "fair_value": 9.352645, "relative_strength": -5.256078, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.48476, "energy": 18.929174, "activity_lines": [ 7.343282, 7.516635, 7.319571, 7.063014 ] }, { "date": "2025-01-17", "close": 8.080062, "volume": 85829188, "typical_volume": 35269553.7, "trend": 6.813225, "fair_value": 9.316624, "relative_strength": 7.770764, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.107944, "energy": 20.283513, "activity_lines": [ 7.530127, 7.612768, 7.418484, 7.148037 ] }, { "date": "2025-01-24", "close": 6.97688, "volume": 80152202, "typical_volume": 38637182.35, "trend": 6.836083, "fair_value": 9.275146, "relative_strength": -6.528587, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.456839, "energy": 12.052653, "activity_lines": [ 7.359184, 7.493144, 7.404049, 7.158595 ] }, { "date": "2025-01-31", "close": 6.917248, "volume": 7795594, "typical_volume": 38637412.05, "trend": 6.86093, "fair_value": 9.23221, "relative_strength": -6.680238, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.117144, "energy": 8.148372, "activity_lines": [ 7.21408, 7.371532, 7.379629, 7.163832 ] }, { "date": "2025-02-07", "close": 7.04645, "volume": 21661261, "typical_volume": 39486740.1, "trend": 6.888758, "fair_value": 9.193093, "relative_strength": -6.132622, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.684945, "energy": 7.721107, "activity_lines": [ 7.131259, 7.285156, 7.362497, 7.175801 ] }, { "date": "2025-02-14", "close": 7.155774, "volume": 34699020, "typical_volume": 40390724.5, "trend": 6.924537, "fair_value": 9.159342, "relative_strength": -5.70649, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.045424, "energy": 11.800321, "activity_lines": [ 7.116682, 7.232392, 7.350665, 7.193028 ] }, { "date": "2025-02-21", "close": 7.125958, "volume": 26198595, "typical_volume": 41229310.45, "trend": 6.960647, "fair_value": 9.126058, "relative_strength": -6.684435, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.854442, "energy": 11.495377, "activity_lines": [ 7.080241, 7.186674, 7.333533, 7.206023 ] }, { "date": "2025-02-28", "close": 7.18559, "volume": 25793853, "typical_volume": 41022585.3, "trend": 6.995763, "fair_value": 9.098242, "relative_strength": -3.988681, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 10.042425, "energy": 9.195551, "activity_lines": [ 7.127283, 7.171857, 7.322316, 7.220535 ] }, { "date": "2025-03-07", "close": 7.125958, "volume": 25702405, "typical_volume": 41454189.5, "trend": 7.024916, "fair_value": 9.068488, "relative_strength": -5.980036, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.374878, "energy": 6.59612, "activity_lines": [ 7.140535, 7.154871, 7.302534, 7.228935 ] }, { "date": "2025-03-14", "close": 7.32473, "volume": 32134143, "typical_volume": 42176951.25, "trend": 7.061026, "fair_value": 9.040007, "relative_strength": -4.336097, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.700413, "energy": 10.413591, "activity_lines": [ 7.206129, 7.175471, 7.299458, 7.248278 ] }, { "date": "2025-03-21", "close": 7.215405, "volume": 24252481, "typical_volume": 42300387.4, "trend": 7.099456, "fair_value": 9.011126, "relative_strength": -3.844079, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.817484, "energy": 11.775989, "activity_lines": [ 7.21673, 7.179807, 7.284976, 7.258238 ] }, { "date": "2025-03-28", "close": 6.947064, "volume": 21276144, "typical_volume": 42190333.5, "trend": 7.119664, "fair_value": 8.98196, "relative_strength": -6.657842, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.705035, "energy": 4.837408, "activity_lines": [ 7.133909, 7.131018, 7.243423, 7.248406 ] }, { "date": "2025-04-04", "close": 6.966941, "volume": 12328070, "typical_volume": 41145615.8, "trend": 7.14948, "fair_value": 8.951066, "relative_strength": -5.695753, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.526196, "energy": 14.90141, "activity_lines": [ 7.06964, 7.106442, 7.205183, 7.238553 ] }, { "date": "2025-04-11", "close": 6.380565, "volume": 27910717, "typical_volume": 36144029.2, "trend": 7.166707, "fair_value": 8.918987, "relative_strength": -10.366895, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.386251, "energy": 42.402524, "activity_lines": [ 6.824488, 6.975434, 7.113464, 7.188945 ] }, { "date": "2025-04-18", "close": 6.738354, "volume": 25102364, "typical_volume": 34942878.1, "trend": 7.192216, "fair_value": 8.889559, "relative_strength": -6.185555, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.551745, "energy": 60.543961, "activity_lines": [ 6.748292, 6.919236, 7.061452, 7.16131 ] }, { "date": "2025-04-25", "close": 6.668784, "volume": 17072800, "typical_volume": 34102572.85, "trend": 7.193209, "fair_value": 8.853225, "relative_strength": -7.34593, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.026821, "energy": 69.24945, "activity_lines": [ 6.687998, 6.85599, 7.007879, 7.12754 ] }, { "date": "2025-05-02", "close": 6.857617, "volume": 20475375, "typical_volume": 33063599.65, "trend": 7.182608, "fair_value": 8.818521, "relative_strength": -3.991896, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.60784, "energy": 62.387048, "activity_lines": [ 6.72709, 6.835933, 6.977874, 7.105889 ] }, { "date": "2025-05-09", "close": 7.125958, "volume": 20598055, "typical_volume": 32109274.9, "trend": 7.200829, "fair_value": 8.783323, "relative_strength": -1.901269, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.118883, "energy": 27.653688, "activity_lines": [ 6.861592, 6.869543, 6.979956, 7.102234 ] }, { "date": "2025-05-16", "close": 7.275037, "volume": 18935105, "typical_volume": 31720834.05, "trend": 7.221369, "fair_value": 8.745551, "relative_strength": -0.378582, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.221682, "energy": 14.148392, "activity_lines": [ 7.035186, 6.931343, 6.998792, 7.107022 ] }, { "date": "2025-05-23", "close": 7.334669, "volume": 21348225, "typical_volume": 30519886.45, "trend": 7.228657, "fair_value": 8.733645, "relative_strength": 1.169147, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.767633, "energy": 17.759132, "activity_lines": [ 7.169026, 7.001274, 7.022976, 7.114331 ] }, { "date": "2025-05-30", "close": 7.612948, "volume": 22307970, "typical_volume": 28578678.35, "trend": 7.25251, "fair_value": 8.72466, "relative_strength": 5.111973, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.568437, "energy": 31.242603, "activity_lines": [ 7.355871, 7.121621, 7.074562, 7.139124 ] }, { "date": "2025-06-06", "close": 7.871352, "volume": 20819353, "typical_volume": 25328186.6, "trend": 7.273381, "fair_value": 8.715297, "relative_strength": 7.369943, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.371474, "energy": 50.839591, "activity_lines": [ 7.565906, 7.281723, 7.147729, 7.17905 ] }, { "date": "2025-06-13", "close": 7.891229, "volume": 43345802, "typical_volume": 23487866.6, "trend": 7.287626, "fair_value": 8.706121, "relative_strength": 7.791432, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.21292, "energy": 57.287694, "activity_lines": [ 7.714985, 7.428633, 7.223782, 7.218911 ] }, { "date": "2025-06-20", "close": 7.473808, "volume": 24201105, "typical_volume": 24308142.15, "trend": 7.284644, "fair_value": 8.695585, "relative_strength": 2.572925, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.637983, "energy": 49.131601, "activity_lines": [ 7.673905, 7.482844, 7.255728, 7.230923 ] }, { "date": "2025-06-27", "close": 7.921044, "volume": 20240940, "typical_volume": 24237126.1, "trend": 7.28862, "fair_value": 8.687199, "relative_strength": 6.486148, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.77005, "energy": 44.943255, "activity_lines": [ 7.768653, 7.598492, 7.327617, 7.271981 ] }, { "date": "2025-07-04", "close": 8.050246, "volume": 23125680, "typical_volume": 23658459.1, "trend": 7.295577, "fair_value": 8.680538, "relative_strength": 6.510879, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.378671, "energy": 45.055098, "activity_lines": [ 7.867376, 7.716129, 7.407646, 7.321118 ] }, { "date": "2025-07-11", "close": 8.09, "volume": 30428870, "typical_volume": 23869972.85, "trend": 7.290939, "fair_value": 8.674671, "relative_strength": 5.682457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.067222, "energy": 50.007287, "activity_lines": [ 7.950197, 7.815876, 7.487202, 7.372371 ] }, { "date": "2025-07-18", "close": 8.34, "volume": 19337673, "typical_volume": 23547163.85, "trend": 7.313517, "fair_value": 8.670585, "relative_strength": 7.894511, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.124496, "energy": 68.192268, "activity_lines": [ 8.101776, 7.938671, 7.585977, 7.440052 ] }, { "date": "2025-07-25", "close": 8.3, "volume": 18605679, "typical_volume": 23192327.55, "trend": 7.350002, "fair_value": 8.66371, "relative_strength": 5.405643, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.052127, "energy": 67.832688, "activity_lines": [ 8.210102, 8.032119, 7.675445, 7.503696 ] }, { "date": "2025-08-01", "close": 8.27, "volume": 21664936, "typical_volume": 22668867.2, "trend": 7.374885, "fair_value": 8.657563, "relative_strength": 5.821664, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.014351, "energy": 66.569781, "activity_lines": [ 8.25335, 8.101478, 7.756465, 7.563051 ] }, { "date": "2025-08-08", "close": 8.53, "volume": 19888972, "typical_volume": 22450691.75, "trend": 7.426656, "fair_value": 8.656893, "relative_strength": 6.739463, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.377151, "energy": 67.951208, "activity_lines": [ 8.36, 8.201103, 7.857746, 7.637575 ] }, { "date": "2025-08-15", "close": 8.21, "volume": 20616055, "typical_volume": 22417687.3, "trend": 7.430987, "fair_value": 8.652819, "relative_strength": 0.975027, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.837436, "energy": 45.931591, "activity_lines": [ 8.328, 8.225872, 7.92229, 7.688113 ] }, { "date": "2025-08-22", "close": 8.28, "volume": 31055277, "typical_volume": 23354047.65, "trend": 7.474424, "fair_value": 8.648642, "relative_strength": -1.632194, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.401649, "energy": 40.616222, "activity_lines": [ 8.311333, 8.257212, 7.987488, 7.742888 ] }, { "date": "2025-08-29", "close": 8.06, "volume": 42105926, "typical_volume": 24063808.1, "trend": 7.512516, "fair_value": 8.644651, "relative_strength": -4.926463, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.930224, "energy": 30.720303, "activity_lines": [ 8.225333, 8.241482, 8.02548, 7.780667 ] }, { "date": "2025-09-05", "close": 8.17, "volume": 33232913, "typical_volume": 24470335.55, "trend": 7.549968, "fair_value": 8.640137, "relative_strength": -2.436083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.506502, "energy": 24.376636, "activity_lines": [ 8.192, 8.235095, 8.065951, 7.823085 ] }, { "date": "2025-09-12", "close": 8.19, "volume": 26060571, "typical_volume": 24919724.1, "trend": 7.584442, "fair_value": 8.637532, "relative_strength": -3.620599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.378306, "energy": 23.138425, "activity_lines": [ 8.172, 8.227818, 8.10151, 7.864378 ] }, { "date": "2025-09-19", "close": 7.92, "volume": 25884615, "typical_volume": 25190186.1, "trend": 7.61091, "fair_value": 8.633259, "relative_strength": -5.475181, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.443693, "energy": 17.213989, "activity_lines": [ 8.084667, 8.168909, 8.10411, 7.886027 ] }, { "date": "2025-09-26", "close": 7.81, "volume": 21994681, "typical_volume": 25260017.4, "trend": 7.631724, "fair_value": 8.627481, "relative_strength": -6.893369, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.720228, "energy": 14.840699, "activity_lines": [ 7.98, 8.093091, 8.091176, 7.898871 ] }, { "date": "2025-10-03", "close": 7.81, "volume": 8064825, "typical_volume": 24716503.4, "trend": 7.654525, "fair_value": 8.621458, "relative_strength": -8.092064, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.20934, "energy": 12.484361, "activity_lines": [ 7.906667, 8.026909, 8.074984, 7.910373 ] }, { "date": "2025-10-10", "close": 7.95, "volume": 8785140, "typical_volume": 24088349.15, "trend": 7.675367, "fair_value": 8.618605, "relative_strength": -6.782824, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.634427, "energy": 15.755349, "activity_lines": [ 7.896667, 7.995091, 8.069577, 7.929436 ] }, { "date": "2025-10-17", "close": 8.17, "volume": 24474480, "typical_volume": 24196674.65, "trend": 7.707187, "fair_value": 8.616241, "relative_strength": -2.847868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.580355, "energy": 13.03888, "activity_lines": [ 7.974667, 8.009091, 8.082194, 7.961348 ] }, { "date": "2025-10-24", "close": 8.71, "volume": 42611620, "typical_volume": 25286288.0, "trend": 7.765952, "fair_value": 8.61955, "relative_strength": 0.632045, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 55.216082, "energy": 31.606725, "activity_lines": [ 8.234, 8.127818, 8.143586, 8.026045 ] }, { "date": "2025-10-31", "close": 8.93, "volume": 50002340, "typical_volume": 25619114.9, "trend": 7.831387, "fair_value": 8.623225, "relative_strength": 2.921487, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.622545, "energy": 62.823837, "activity_lines": [ 8.514, 8.277455, 8.221936, 8.101145 ] }, { "date": "2025-11-07", "close": 8.9, "volume": 26992526, "typical_volume": 25758685.95, "trend": 7.915368, "fair_value": 8.628059, "relative_strength": 1.364914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.801646, "energy": 71.83188, "activity_lines": [ 8.709333, 8.409818, 8.292484, 8.170088 ] }, { "date": "2025-11-14", "close": 9.3, "volume": 25662400, "typical_volume": 26029758.95, "trend": 8.000756, "fair_value": 8.637361, "relative_strength": 6.024939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.9061, "energy": 82.262887, "activity_lines": [ 8.965333, 8.599636, 8.394335, 8.259419 ] }, { "date": "2025-11-21", "close": 8.76, "volume": 27715890, "typical_volume": 26259269.45, "trend": 8.070464, "fair_value": 8.640561, "relative_strength": 3.948674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.698195, "energy": 72.660267, "activity_lines": [ 8.951333, 8.670727, 8.43819, 8.308402 ] }, { "date": "2025-11-28", "close": 8.95, "volume": 17526980, "typical_volume": 25614174.95, "trend": 8.14021, "fair_value": 8.643135, "relative_strength": 4.776645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.797181, "energy": 65.457754, "activity_lines": [ 8.961333, 8.766, 8.496762, 8.365147 ] }, { "date": "2025-12-05", "close": 8.62, "volume": 15245580, "typical_volume": 25409570.3, "trend": 8.190011, "fair_value": 8.642735, "relative_strength": 0.629503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.739665, "energy": 41.360526, "activity_lines": [ 8.845333, 8.782545, 8.51981, 8.396101 ] }, { "date": "2025-12-12", "close": 8.13, "volume": 17283635, "typical_volume": 25343468.1, "trend": 8.21851, "fair_value": 8.64036, "relative_strength": -4.481187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.709512, "energy": 13.870096, "activity_lines": [ 8.586667, 8.695273, 8.494857, 8.392229 ] }, { "date": "2025-12-19", "close": 8.6, "volume": 17358550, "typical_volume": 25128148.8, "trend": 8.260688, "fair_value": 8.637128, "relative_strength": 1.069513, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.367563, "energy": 18.270971, "activity_lines": [ 8.536, 8.687636, 8.515476, 8.416841 ] }, { "date": "2025-12-26", "close": 8.33, "volume": 16851300, "typical_volume": 24976265.2, "trend": 8.284589, "fair_value": 8.63155, "relative_strength": -3.897427, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.366923, "energy": 18.111889, "activity_lines": [ 8.442, 8.619091, 8.50881, 8.421313 ] }, { "date": "2026-01-02", "close": 8.52, "volume": 21700615, "typical_volume": 25030493.2, "trend": 8.306211, "fair_value": 8.626515, "relative_strength": -1.663738, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.800584, "energy": 17.407835, "activity_lines": [ 8.44, 8.582182, 8.52119, 8.436501 ] }, { "date": "2026-01-09", "close": 8.89, "volume": 39954407, "typical_volume": 25475449.7, "trend": 8.339503, "fair_value": 8.626924, "relative_strength": -1.129388, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.452472, "energy": 16.946418, "activity_lines": [ 8.59, 8.616, 8.567333, 8.474165 ] }, { "date": "2026-01-16", "close": 9.17, "volume": 41376975, "typical_volume": 25439002.15, "trend": 8.396043, "fair_value": 8.629803, "relative_strength": 2.677383, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.355291, "energy": 30.701892, "activity_lines": [ 8.815333, 8.701455, 8.637238, 8.527745 ] }, { "date": "2026-01-23", "close": 9.98, "volume": 38522250, "typical_volume": 25703469.0, "trend": 8.464675, "fair_value": 8.637137, "relative_strength": 10.560093, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.948087, "energy": 69.341369, "activity_lines": [ 9.241333, 8.929273, 8.779, 8.629936 ] }, { "date": "2026-01-30", "close": 10.61, "volume": 59204007, "typical_volume": 27360640.8, "trend": 8.55, "fair_value": 8.646236, "relative_strength": 17.594496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.272815, "energy": 84.753994, "activity_lines": [ 9.785333, 9.259273, 8.972143, 8.768344 ] }, { "date": "2026-02-06", "close": 10.65, "volume": 63504735, "typical_volume": 29241646.8, "trend": 8.635333, "fair_value": 8.650985, "relative_strength": 19.049687, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.483883, "energy": 86.515165, "activity_lines": [ 10.190667, 9.562909, 9.157571, 8.903828 ] }, { "date": "2026-02-13", "close": 10.13, "volume": 35894705, "typical_volume": 29936648.0, "trend": 8.695, "fair_value": 8.6524, "relative_strength": 12.441997, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.362306, "energy": 81.353899, "activity_lines": [ 10.280667, 9.741091, 9.280476, 9.000258 ] }, { "date": "2026-02-27", "close": 10.12, "volume": 21719939, "typical_volume": 30619403.7, "trend": 8.755667, "fair_value": 8.653567, "relative_strength": 9.842114, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.516465, "energy": 77.289965, "activity_lines": [ 10.284667, 9.89, 9.391381, 9.092194 ] }, { "date": "2026-03-06", "close": 9.99, "volume": 32077356, "typical_volume": 31784014.5, "trend": 8.813, "fair_value": 8.653102, "relative_strength": 9.202911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.238963, "energy": 49.990637, "activity_lines": [ 10.182, 9.979091, 9.478905, 9.171828 ] }, { "date": "2026-03-13", "close": 9.71, "volume": 21844375, "typical_volume": 31652509.25, "trend": 8.852333, "fair_value": 8.646972, "relative_strength": 6.648634, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.209218, "energy": 34.27637, "activity_lines": [ 9.985333, 9.992, 9.530048, 9.229699 ] }, { "date": "2026-03-20", "close": 9.48, "volume": 21802430, "typical_volume": 30612049.75, "trend": 8.894667, "fair_value": 8.63992, "relative_strength": 7.528069, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.819871, "energy": 24.252233, "activity_lines": [ 9.772, 9.938, 9.551952, 9.270194 ] }, { "date": "2026-03-27", "close": 10.47, "volume": 92116591, "typical_volume": 32717762.3, "trend": 8.967667, "fair_value": 8.641058, "relative_strength": 19.524376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.878235, "energy": 27.68327, "activity_lines": [ 9.966667, 10.046545, 9.664476, 9.371828 ] }, { "date": "2026-04-03", "close": 10.03, "volume": 61988722, "typical_volume": 34467572.1, "trend": 9.033333, "fair_value": 8.638392, "relative_strength": 14.98783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.398318, "energy": 21.986779, "activity_lines": [ 9.992, 10.046364, 9.727762, 9.440366 ] }, { "date": "2026-04-10", "close": 10.76, "volume": 53518075, "typical_volume": 35860355.85, "trend": 9.119667, "fair_value": 8.641511, "relative_strength": 19.444591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.247731, "energy": 36.298251, "activity_lines": [ 10.266667, 10.163273, 9.85519, 9.551763 ] }, { "date": "2026-04-17", "close": 10.2, "volume": 64552426, "typical_volume": 37702182.65, "trend": 9.186667, "fair_value": 8.63803, "relative_strength": 10.889555, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.253835, "energy": 34.53656, "activity_lines": [ 10.303333, 10.164182, 9.922333, 9.621462 ] }, { "date": "2026-04-24", "close": 10.47, "volume": 61282619, "typical_volume": 39889964.6, "trend": 9.271667, "fair_value": 8.635912, "relative_strength": 12.544456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.877473, "energy": 34.59053, "activity_lines": [ 10.397333, 10.221636, 10.008333, 9.704258 ] }, { "date": "2026-05-01", "close": 11.1, "volume": 54036536, "typical_volume": 41829512.4, "trend": 9.381333, "fair_value": 8.638078, "relative_strength": 17.709915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.736486, "energy": 50.528861, "activity_lines": [ 10.635333, 10.396909, 10.147095, 9.822215 ] }, { "date": "2026-05-08", "close": 10.81, "volume": 33774782, "typical_volume": 42654069.75, "trend": 9.481333, "fair_value": 8.639367, "relative_strength": 12.309356, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.85243, "energy": 46.545309, "activity_lines": [ 10.734667, 10.501818, 10.246429, 9.914387 ] }, { "date": "2026-05-15", "close": 9.75, "volume": 39594998, "typical_volume": 43765892.15, "trend": 9.541333, "fair_value": 8.627596, "relative_strength": 2.195775, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.078094, "energy": 28.236698, "activity_lines": [ 10.428667, 10.401455, 10.232048, 9.93172 ] }, { "date": "2026-05-22", "close": 9.3, "volume": 23509958, "typical_volume": 44098825.05, "trend": 9.579, "fair_value": 8.607842, "relative_strength": -2.07019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.34325, "energy": 8.456985, "activity_lines": [ 10.04, 10.223636, 10.169333, 9.916151 ] }, { "date": "2026-05-29", "close": 9.07, "volume": 23291945, "typical_volume": 44178391.55, "trend": 9.591, "fair_value": 8.581698, "relative_strength": -3.48265, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.653295, "energy": 16.033115, "activity_lines": [ 9.634667, 10.011455, 10.080095, 9.883312 ] }, { "date": "2026-06-05", "close": 9.09, "volume": 5589820, "typical_volume": 42460162.2, "trend": 9.596333, "fair_value": 8.559983, "relative_strength": -2.275037, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.608861, "energy": 31.548191, "activity_lines": [ 9.329333, 9.810364, 9.990143, 9.850989 ] }, { "date": "2026-06-12", "close": 8.893548, "volume": 4654586, "typical_volume": 40624042.75, "trend": 9.596118, "fair_value": 8.54008, "relative_strength": -4.381792, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.62025, "energy": 47.350714, "activity_lines": [ 9.092516, 9.598645, 9.880528, 9.805648 ] }, { "date": "2026-06-19", "close": 8.17113, "volume": 19542152, "typical_volume": 39675037.85, "trend": 9.558489, "fair_value": 8.515485, "relative_strength": -13.169785, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.895355, "energy": 63.055333, "activity_lines": [ 8.742656, 9.276241, 9.703429, 9.713714 ] }, { "date": "2026-06-26", "close": 7.526812, "volume": 5720315, "typical_volume": 37000853.25, "trend": 9.517383, "fair_value": 8.485653, "relative_strength": -18.519004, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.593394, "energy": 76.633736, "activity_lines": [ 8.283282, 8.883758, 9.473579, 9.582638 ] }, { "date": "2026-07-03", "close": 7.829447, "volume": 4453900, "typical_volume": 34048311.5, "trend": 9.480031, "fair_value": 8.458377, "relative_strength": -15.318486, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.315754, "energy": 86.333241, "activity_lines": [ 8.042998, 8.594903, 9.287233, 9.473738 ] }, { "date": "2026-07-10", "close": 7.419425, "volume": 19257205, "typical_volume": 33216436.5, "trend": 9.440012, "fair_value": 8.430007, "relative_strength": -18.483136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.397531, "energy": 91.697687, "activity_lines": [ 7.748744, 8.279508, 9.075269, 9.340796 ] }, { "date": "2026-07-17", "close": 7.41, "volume": 19486155, "typical_volume": 33104747.3, "trend": 9.416012, "fair_value": 8.396847, "relative_strength": -13.322688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.635633, "energy": 89.538779, "activity_lines": [ 7.56272, 8.02932, 8.875315, 9.209828 ] }, { "date": "2026-07-24", "close": 7.1, "volume": 22471881, "typical_volume": 32624473.55, "trend": 9.366012, "fair_value": 8.362271, "relative_strength": -17.691333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.280908, "energy": 89.280893, "activity_lines": [ 7.372265, 7.784586, 8.658742, 9.060407 ] }, { "date": "2026-07-31", "close": 7.84, "volume": 24866687, "typical_volume": 32775589.15, "trend": 9.349679, "fair_value": 8.332131, "relative_strength": -9.337695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.508902, "energy": 73.871922, "activity_lines": [ 7.499886, 7.72258, 8.526407, 8.961955 ] }, { "date": "2026-08-07", "close": 8.05, "volume": 24207150, "typical_volume": 32895825.15, "trend": 9.334012, "fair_value": 8.302108, "relative_strength": -9.239098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.836742, "energy": 55.350105, "activity_lines": [ 7.676628, 7.7253, 8.422977, 8.878105 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }