{ "ticker": { "uuid": "90f16923-c16e-4e80-995e-dee48f663f5b", "symbol": "603983", "name": "Guangdong Marubi Biotechnology 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 38.291, "architecture_energy": 52.563, "architecture_maturity": 19.71, "architecture_confidence": 61.064, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 33.82, "rotation_up": 70.43, "upward_expansion": 59.07, "deceleration": 24.92, "rotation_down": 16.75, "downward_expansion": 17.41 }, "activity_lines": [ 29.899602, 28.439585, 26.663652, 26.66324 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 30.200001, "trend_reference": 27.545433, "distance_from_trend": 0.096371, "trend_direction": "Weakening", "fair_value": 30.568095, "distance_from_fair_value": -0.012042, "fair_value_direction": "Improving", "relative_strength": -4.074231, "relative_strength_direction": "Improving", "price_momentum": -0.041878, "excess_performance": 0.001326, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.096371, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.076525, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.012042, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.163387, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.040742, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.314293, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.041878, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.133542, "read": "Demand-led" } ], "volume": { "latest": 26742830, "relative_activity": 1.656986, "balance": 1.133542, "dry_up": 2.394237, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.098656, "annualized_volatility": 0.443076, "from_high_reference": -0.335156, "from_low_reference": 0.433595 }, "levels": { "trend_reference": 27.545433, "fair_value_reference": 30.568095, "structural_low": 21.065921, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.010646, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.046446, "regime_survival": 0.666667, "best_return": 0.160206, "worst_return": -0.075071, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.07275, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.058058, "regime_survival": 0.0, "best_return": 0.096019, "worst_return": 0.049481, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.039721, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.039734, "regime_survival": 0.0, "best_return": 0.295136, "worst_return": -0.215694, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.170826, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.053866, "regime_survival": 0.0, "best_return": 0.170826, "worst_return": 0.170826, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-01-26", "end": "2024-03-01", "tenure": "Developing", "return": 0.092388, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-04-19", "tenure": "Developing", "return": -0.093863, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.120184, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": -0.018032, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-07-05", "tenure": "New", "return": -0.103691, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-12", "end": "2024-07-26", "tenure": "New", "return": -0.076983, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2024-09-27", "tenure": "Developing", "return": 0.226212, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-12-06", "tenure": "Developing", "return": 0.031979, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-02-07", "tenure": "Developing", "return": -0.01789, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-14", "end": "2025-03-14", "tenure": "Developing", "return": 0.161259, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-06-13", "tenure": "Established", "return": 0.200688, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-20", "end": "2025-10-03", "tenure": "Established", "return": -0.016555, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2026-06-26", "tenure": "Extended", "return": -0.400955, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.044715, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 28.793877, "volume": 7958976, "typical_volume": 7391844.9, "trend": 33.52119, "fair_value": 38.180668, "relative_strength": -9.267936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.498986, "energy": 76.091043, "activity_lines": [ 28.41469, 29.347697, 31.40433, 32.57973 ] }, { "date": "2023-08-04", "close": 28.286535, "volume": 8847127, "typical_volume": 7344406.25, "trend": 33.396756, "fair_value": 37.884522, "relative_strength": -11.472128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.013635, "energy": 70.369517, "activity_lines": [ 28.309785, 28.979896, 30.967417, 32.242011 ] }, { "date": "2023-08-11", "close": 27.1187, "volume": 5412788, "typical_volume": 7256797.3, "trend": 33.236242, "fair_value": 37.610619, "relative_strength": -12.689896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.356541, "energy": 61.069539, "activity_lines": [ 27.976527, 28.505421, 30.458568, 31.836975 ] }, { "date": "2023-08-18", "close": 27.396303, "volume": 6626017, "typical_volume": 7317872.8, "trend": 33.113452, "fair_value": 37.32495, "relative_strength": -10.457729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.627298, "energy": 62.100105, "activity_lines": [ 27.766435, 28.169318, 30.018972, 31.460205 ] }, { "date": "2023-08-25", "close": 25.596684, "volume": 8194950, "typical_volume": 7322743.15, "trend": 32.938898, "fair_value": 37.034278, "relative_strength": -14.665055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.949315, "energy": 79.287579, "activity_lines": [ 26.952779, 27.578682, 29.449928, 30.975252 ] }, { "date": "2023-09-01", "close": 25.893429, "volume": 14583392, "typical_volume": 7795125.35, "trend": 32.582537, "fair_value": 36.750423, "relative_strength": -15.720226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.049872, "energy": 78.537006, "activity_lines": [ 26.437782, 27.168097, 28.954463, 30.520706 ] }, { "date": "2023-09-08", "close": 25.740269, "volume": 18814352, "typical_volume": 8499615.35, "trend": 32.192917, "fair_value": 36.461271, "relative_strength": -15.894996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.667564, "energy": 77.06374, "activity_lines": [ 26.065095, 26.806366, 28.480272, 30.079269 ] }, { "date": "2023-09-15", "close": 26.38162, "volume": 9256888, "typical_volume": 8650004.3, "trend": 31.819613, "fair_value": 36.173653, "relative_strength": -13.945672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.810766, "energy": 65.833312, "activity_lines": [ 26.075942, 26.651428, 28.098644, 29.704346 ] }, { "date": "2023-09-22", "close": 25.472242, "volume": 7436238, "typical_volume": 8743364.3, "trend": 31.454274, "fair_value": 35.889496, "relative_strength": -17.444078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.009215, "energy": 61.093206, "activity_lines": [ 25.832803, 26.352905, 27.668554, 29.294839 ] }, { "date": "2023-09-29", "close": 23.663052, "volume": 13432767, "typical_volume": 8985693.8, "trend": 31.00174, "fair_value": 35.64415, "relative_strength": -22.85831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.418381, "energy": 66.316135, "activity_lines": [ 25.11487, 25.759414, 27.12147, 28.792179 ] }, { "date": "2023-10-13", "close": 23.691771, "volume": 10401162, "typical_volume": 8983657.1, "trend": 30.557438, "fair_value": 35.395032, "relative_strength": -22.348244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.909189, "energy": 79.383033, "activity_lines": [ 24.53542, 25.260778, 26.64701, 28.320568 ] }, { "date": "2023-10-20", "close": 22.610085, "volume": 6533549, "typical_volume": 8974700.85, "trend": 30.093214, "fair_value": 35.161756, "relative_strength": -23.197098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.483315, "energy": 86.996842, "activity_lines": [ 23.742185, 24.658237, 26.122566, 27.807836 ] }, { "date": "2023-10-27", "close": 23.289728, "volume": 8755846, "typical_volume": 9006679.2, "trend": 29.66588, "fair_value": 34.924506, "relative_strength": -21.691359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.757682, "energy": 82.779779, "activity_lines": [ 23.384176, 24.282476, 25.717553, 27.368901 ] }, { "date": "2023-11-03", "close": 25.213785, "volume": 22927038, "typical_volume": 9754564.95, "trend": 29.299517, "fair_value": 34.694195, "relative_strength": -15.493306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.484578, "energy": 56.69824, "activity_lines": [ 23.873646, 24.326161, 25.537038, 27.081669 ] }, { "date": "2023-11-10", "close": 24.926615, "volume": 10970973, "typical_volume": 9970501.7, "trend": 28.959961, "fair_value": 34.449337, "relative_strength": -16.502207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.065189, "energy": 47.481261, "activity_lines": [ 24.284623, 24.357315, 25.358599, 26.799547 ] }, { "date": "2023-11-17", "close": 25.606255, "volume": 11103939, "typical_volume": 10256452.75, "trend": 28.699367, "fair_value": 34.211292, "relative_strength": -14.34336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.70568, "energy": 28.739821, "activity_lines": [ 24.837909, 24.524223, 25.281104, 26.583178 ] }, { "date": "2023-11-24", "close": 25.395664, "volume": 5627896, "typical_volume": 10217783.0, "trend": 28.4675, "fair_value": 34.002646, "relative_strength": -14.189859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.871894, "energy": 23.417086, "activity_lines": [ 25.193366, 24.658063, 25.205008, 26.370036 ] }, { "date": "2023-12-01", "close": 25.175497, "volume": 5459058, "typical_volume": 9973542.5, "trend": 28.160281, "fair_value": 33.78162, "relative_strength": -14.128634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.186318, "energy": 20.732244, "activity_lines": [ 25.289728, 24.758139, 25.133205, 26.157649 ] }, { "date": "2023-12-08", "close": 23.864073, "volume": 6132389, "typical_volume": 9873955.95, "trend": 27.719509, "fair_value": 33.566393, "relative_strength": -16.403534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.290798, "energy": 24.664049, "activity_lines": [ 24.823231, 24.641703, 24.947946, 25.880474 ] }, { "date": "2023-12-15", "close": 23.691771, "volume": 4188130, "typical_volume": 9633173.75, "trend": 27.231237, "fair_value": 33.369721, "relative_strength": -15.77064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.800122, "energy": 35.943186, "activity_lines": [ 24.389281, 24.523179, 24.762834, 25.62062 ] }, { "date": "2023-12-22", "close": 23.136568, "volume": 4469590, "typical_volume": 9458704.45, "trend": 26.841503, "fair_value": 33.188371, "relative_strength": -16.472847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.76023, "energy": 46.396903, "activity_lines": [ 23.852587, 24.303187, 24.548183, 25.356448 ] }, { "date": "2023-12-29", "close": 24.189537, "volume": 5801095, "typical_volume": 9306402.85, "trend": 26.511225, "fair_value": 32.989076, "relative_strength": -14.007989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.025272, "energy": 45.31407, "activity_lines": [ 23.831528, 24.284739, 24.460755, 25.185353 ] }, { "date": "2024-01-05", "close": 26.266756, "volume": 18996609, "typical_volume": 9985593.9, "trend": 26.32168, "fair_value": 32.806333, "relative_strength": -4.827365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.696678, "energy": 16.600214, "activity_lines": [ 24.583283, 24.615249, 24.590667, 25.169581 ] }, { "date": "2024-01-12", "close": 28.018509, "volume": 18544830, "typical_volume": 10581534.55, "trend": 26.209191, "fair_value": 32.638895, "relative_strength": 3.318092, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.137779, "energy": 17.295918, "activity_lines": [ 25.846206, 25.210132, 24.891469, 25.279054 ] }, { "date": "2024-01-19", "close": 27.731337, "volume": 16691278, "typical_volume": 11006350.95, "trend": 26.049169, "fair_value": 32.486159, "relative_strength": 4.122033, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.72911, "energy": 35.757676, "activity_lines": [ 26.736442, 25.701807, 25.161959, 25.377257 ] }, { "date": "2024-01-26", "close": 27.664328, "volume": 30748957, "typical_volume": 11814629.2, "trend": 25.967579, "fair_value": 32.350556, "relative_strength": 1.134174, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.914552, "energy": 37.827516, "activity_lines": [ 27.335038, 26.130304, 25.415902, 25.481461 ] }, { "date": "2024-02-02", "close": 26.458204, "volume": 28761136, "typical_volume": 12311968.4, "trend": 25.826172, "fair_value": 32.212016, "relative_strength": 3.052415, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.634547, "energy": 50.853676, "activity_lines": [ 27.229741, 26.302085, 25.546543, 25.513114 ] }, { "date": "2024-02-09", "close": 27.740908, "volume": 18784576, "typical_volume": 12788352.8, "trend": 25.831596, "fair_value": 32.082957, "relative_strength": 3.253666, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.9957, "energy": 39.32662, "activity_lines": [ 27.400768, 26.687767, 25.795927, 25.636646 ] }, { "date": "2024-02-23", "close": 29.023613, "volume": 19452863, "typical_volume": 13389184.05, "trend": 25.887686, "fair_value": 31.947676, "relative_strength": 3.417734, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.416804, "energy": 34.881522, "activity_lines": [ 27.901087, 27.260024, 26.161002, 25.842582 ] }, { "date": "2024-03-01", "close": 30.220169, "volume": 16293789, "typical_volume": 13532235.15, "trend": 25.941929, "fair_value": 31.861602, "relative_strength": 7.263281, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 73.353439, "energy": 53.830244, "activity_lines": [ 28.73325, 27.956027, 26.623122, 26.122097 ] }, { "date": "2024-03-08", "close": 29.167202, "volume": 11139750, "typical_volume": 13569164.55, "trend": 25.954374, "fair_value": 31.758529, "relative_strength": 3.216173, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.938982, "energy": 54.888803, "activity_lines": [ 29.048503, 28.341883, 26.953736, 26.330179 ] }, { "date": "2024-03-15", "close": 29.63625, "volume": 7907456, "typical_volume": 13637859.9, "trend": 25.999364, "fair_value": 31.610872, "relative_strength": 4.903376, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.37789, "energy": 60.58657, "activity_lines": [ 29.419913, 28.703373, 27.302947, 26.56772 ] }, { "date": "2024-03-22", "close": 28.927889, "volume": 9380251, "typical_volume": 13669080.15, "trend": 26.05967, "fair_value": 31.460591, "relative_strength": 3.03999, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.695124, "energy": 48.342725, "activity_lines": [ 29.343333, 28.837039, 27.551238, 26.756657 ] }, { "date": "2024-03-29", "close": 27.951502, "volume": 7206748, "typical_volume": 12883065.65, "trend": 26.078177, "fair_value": 31.333302, "relative_strength": 0.21571, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.748993, "energy": 32.897106, "activity_lines": [ 28.862159, 28.744795, 27.679691, 26.87871 ] }, { "date": "2024-04-05", "close": 27.453735, "volume": 4892321, "typical_volume": 12579133.05, "trend": 26.140079, "fair_value": 31.20534, "relative_strength": -2.037037, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.929195, "energy": 21.488868, "activity_lines": [ 28.286537, 28.563267, 27.7477, 26.967456 ] }, { "date": "2024-04-12", "close": 26.314615, "volume": 7840859, "typical_volume": 12415979.05, "trend": 26.154118, "fair_value": 31.077927, "relative_strength": -4.07823, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.31066, "energy": 17.183758, "activity_lines": [ 27.515637, 28.179674, 27.695189, 26.978716 ] }, { "date": "2024-04-19", "close": 26.429487, "volume": 7571916, "typical_volume": 12513180.05, "trend": 26.177092, "fair_value": 30.937285, "relative_strength": -4.709353, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.551356, "energy": 18.019936, "activity_lines": [ 26.9732, 27.841506, 27.650244, 26.996482 ] }, { "date": "2024-04-26", "close": 27.080412, "volume": 14867548, "typical_volume": 12983604.55, "trend": 26.200385, "fair_value": 30.78661, "relative_strength": -2.844316, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.190802, "energy": 15.383882, "activity_lines": [ 26.861522, 27.622211, 27.662369, 27.054761 ] }, { "date": "2024-05-03", "close": 29.033186, "volume": 11149705, "typical_volume": 13234470.35, "trend": 26.319083, "fair_value": 30.648453, "relative_strength": 3.717683, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.021245, "energy": 16.425818, "activity_lines": [ 27.523934, 27.769974, 27.851402, 27.237522 ] }, { "date": "2024-05-10", "close": 29.798981, "volume": 16814467, "typical_volume": 13865787.2, "trend": 26.523614, "fair_value": 30.50142, "relative_strength": 4.977558, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.218079, "energy": 27.129842, "activity_lines": [ 28.369498, 28.056799, 28.088752, 27.462032 ] }, { "date": "2024-05-17", "close": 30.335039, "volume": 10801775, "typical_volume": 14182396.45, "trend": 26.745057, "fair_value": 30.390968, "relative_strength": 7.228423, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.732604, "energy": 61.512401, "activity_lines": [ 29.237399, 28.448747, 28.348074, 27.70793 ] }, { "date": "2024-05-24", "close": 29.454374, "volume": 8466527, "typical_volume": 14315668.05, "trend": 26.9732, "fair_value": 30.245022, "relative_strength": 6.810971, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.122936, "energy": 61.852375, "activity_lines": [ 29.543717, 28.65934, 28.489245, 27.882725 ] }, { "date": "2024-05-31", "close": 29.264088, "volume": 5695999, "typical_volume": 13650637.55, "trend": 27.172345, "fair_value": 30.131301, "relative_strength": 6.450036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.538839, "energy": 62.452439, "activity_lines": [ 29.584947, 28.838643, 28.587222, 28.030524 ] }, { "date": "2024-06-07", "close": 28.689518, "volume": 8668618, "typical_volume": 13156826.95, "trend": 27.288203, "fair_value": 30.002869, "relative_strength": 5.852283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.144788, "energy": 47.09513, "activity_lines": [ 29.289075, 28.907366, 28.616206, 28.128406 ] }, { "date": "2024-06-14", "close": 28.923243, "volume": 5203116, "typical_volume": 12582418.85, "trend": 27.421424, "fair_value": 29.86107, "relative_strength": 7.453357, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.634375, "energy": 27.067862, "activity_lines": [ 29.094023, 29.005166, 28.664254, 28.233893 ] }, { "date": "2024-06-21", "close": 27.705935, "volume": 8390680, "typical_volume": 11464505.0, "trend": 27.491413, "fair_value": 29.697622, "relative_strength": 4.222211, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.557281, "energy": 12.193071, "activity_lines": [ 28.551583, 28.854919, 28.590691, 28.252248 ] }, { "date": "2024-06-28", "close": 26.809996, "volume": 6705758, "typical_volume": 10361736.1, "trend": 27.538557, "fair_value": 29.51986, "relative_strength": 2.096609, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.631163, "energy": 13.577162, "activity_lines": [ 27.885772, 28.516477, 28.431604, 28.208286 ] }, { "date": "2024-07-05", "close": 24.833086, "volume": 5556524, "typical_volume": 9700333.5, "trend": 27.527144, "fair_value": 29.339016, "relative_strength": -4.664959, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.559089, "energy": 38.201738, "activity_lines": [ 26.737282, 27.811678, 28.082564, 28.033739 ] }, { "date": "2024-07-12", "close": 24.920732, "volume": 7420630, "typical_volume": 9098721.85, "trend": 27.562366, "fair_value": 29.167124, "relative_strength": -4.767306, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.589915, "energy": 62.41662, "activity_lines": [ 25.913407, 27.163676, 27.755718, 27.865584 ] }, { "date": "2024-07-19", "close": 24.463026, "volume": 8606208, "typical_volume": 8714342.8, "trend": 27.588074, "fair_value": 29.014896, "relative_strength": -6.775211, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.944435, "energy": 69.221938, "activity_lines": [ 25.188216, 26.507226, 27.404818, 27.665626 ] }, { "date": "2024-07-26", "close": 23.002254, "volume": 6751832, "typical_volume": 8494946.9, "trend": 27.583597, "fair_value": 28.849348, "relative_strength": -9.473675, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.146819, "energy": 86.707408, "activity_lines": [ 24.273449, 25.682199, 26.942212, 27.369767 ] }, { "date": "2024-08-02", "close": 21.697302, "volume": 15383282, "typical_volume": 8868738.2, "trend": 27.500523, "fair_value": 28.681728, "relative_strength": -14.743148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.485584, "energy": 91.565111, "activity_lines": [ 23.237277, 24.753231, 26.384682, 26.990006 ] }, { "date": "2024-08-09", "close": 22.89513, "volume": 14987598, "typical_volume": 9149105.55, "trend": 27.388135, "fair_value": 28.551176, "relative_strength": -8.521616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.007351, "energy": 84.79925, "activity_lines": [ 22.941227, 24.183088, 25.979035, 26.692884 ] }, { "date": "2024-08-16", "close": 22.203701, "volume": 5936450, "typical_volume": 9085590.65, "trend": 27.194308, "fair_value": 28.434548, "relative_strength": -11.642032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.348799, "energy": 87.089911, "activity_lines": [ 22.543898, 23.60303, 25.536266, 26.358404 ] }, { "date": "2024-08-23", "close": 21.278547, "volume": 4947659, "typical_volume": 9088357.55, "trend": 26.979215, "fair_value": 28.326177, "relative_strength": -14.382336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.497537, "energy": 89.196864, "activity_lines": [ 22.019319, 22.972685, 25.032757, 25.976742 ] }, { "date": "2024-08-30", "close": 21.45384, "volume": 10699935, "typical_volume": 9231311.35, "trend": 26.772199, "fair_value": 28.23167, "relative_strength": -13.077683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.154862, "energy": 72.748583, "activity_lines": [ 21.76547, 22.513207, 24.575348, 25.620266 ] }, { "date": "2024-09-06", "close": 21.375931, "volume": 8566482, "typical_volume": 9281039.65, "trend": 26.60279, "fair_value": 28.14717, "relative_strength": -10.877386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.411492, "energy": 64.881596, "activity_lines": [ 21.588879, 22.153238, 24.133666, 25.27212 ] }, { "date": "2024-09-13", "close": 20.703978, "volume": 5171218, "typical_volume": 8796223.15, "trend": 26.368225, "fair_value": 28.052747, "relative_strength": -11.589697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.288365, "energy": 65.096528, "activity_lines": [ 21.209729, 21.769897, 23.652053, 24.891552 ] }, { "date": "2024-09-20", "close": 20.56764, "volume": 2901400, "typical_volume": 8383807.9, "trend": 26.08636, "fair_value": 27.979065, "relative_strength": -13.078517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.194195, "energy": 63.774676, "activity_lines": [ 20.931209, 21.436841, 23.187819, 24.51732 ] }, { "date": "2024-09-27", "close": 26.605488, "volume": 18579434, "typical_volume": 8472056.25, "trend": 25.96587, "fair_value": 27.943906, "relative_strength": -0.368166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.849269, "energy": 24.185343, "activity_lines": [ 22.774376, 22.280724, 23.33893, 24.550812 ] }, { "date": "2024-10-04", "close": 28.056517, "volume": 7109387, "typical_volume": 8287436.85, "trend": 25.928847, "fair_value": 27.923966, "relative_strength": -2.834215, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 0.769465, "energy": 17.726809, "activity_lines": [ 24.74609, 23.349476, 23.643442, 24.685693 ] }, { "date": "2024-10-11", "close": 27.589071, "volume": 20099092, "typical_volume": 8869065.1, "trend": 25.860608, "fair_value": 27.895534, "relative_strength": -1.138999, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.988708, "energy": 38.419486, "activity_lines": [ 26.12181, 24.241342, 23.914286, 24.792804 ] }, { "date": "2024-10-18", "close": 29.984735, "volume": 14681317, "typical_volume": 9318331.0, "trend": 25.895836, "fair_value": 27.853177, "relative_strength": 5.645361, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.91994, "energy": 50.808378, "activity_lines": [ 27.881875, 25.46166, 24.42217, 25.058877 ] }, { "date": "2024-10-25", "close": 29.273827, "volume": 14901991, "typical_volume": 9629999.65, "trend": 25.939914, "fair_value": 27.797266, "relative_strength": 1.658254, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.41721, "energy": 64.81603, "activity_lines": [ 28.786254, 26.423821, 24.858917, 25.276812 ] }, { "date": "2024-11-01", "close": 28.884287, "volume": 17155840, "typical_volume": 10227635.85, "trend": 25.987599, "fair_value": 27.756246, "relative_strength": 0.907382, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.445552, "energy": 63.961492, "activity_lines": [ 28.980374, 27.186608, 25.255782, 25.466771 ] }, { "date": "2024-11-08", "close": 30.491135, "volume": 11387608, "typical_volume": 10377482.25, "trend": 26.126816, "fair_value": 27.722146, "relative_strength": 0.844552, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.353939, "energy": 67.262464, "activity_lines": [ 29.55819, 28.103263, 25.805866, 25.757322 ] }, { "date": "2024-11-15", "close": 29.994473, "volume": 10709303, "typical_volume": 10577659.5, "trend": 26.245649, "fair_value": 27.691444, "relative_strength": 2.641787, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.109586, "energy": 46.485621, "activity_lines": [ 29.808144, 28.765302, 26.295387, 26.006848 ] }, { "date": "2024-11-22", "close": 27.176662, "volume": 7799160, "typical_volume": 10689791.3, "trend": 26.248857, "fair_value": 27.655961, "relative_strength": -5.178756, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.149055, "energy": 33.21461, "activity_lines": [ 28.958467, 28.75831, 26.50138, 26.066914 ] }, { "date": "2024-11-29", "close": 28.619932, "volume": 6297487, "typical_volume": 10633634.15, "trend": 26.235082, "fair_value": 27.628644, "relative_strength": -1.976412, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.047873, "energy": 25.793245, "activity_lines": [ 28.777086, 28.896046, 26.833667, 26.219886 ] }, { "date": "2024-12-06", "close": 28.953749, "volume": 13845547, "typical_volume": 10895601.1, "trend": 26.206908, "fair_value": 27.635044, "relative_strength": -3.137025, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 44.072148, "energy": 28.972101, "activity_lines": [ 28.750569, 28.948071, 27.180131, 26.395284 ] }, { "date": "2024-12-13", "close": 31.830465, "volume": 16851319, "typical_volume": 11400575.45, "trend": 26.256755, "fair_value": 27.659824, "relative_strength": 6.555215, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.977124, "energy": 40.360862, "activity_lines": [ 29.678328, 29.480439, 27.779184, 26.758094 ] }, { "date": "2024-12-20", "close": 35.512276, "volume": 15085681, "typical_volume": 11385695.4, "trend": 26.458685, "fair_value": 27.704522, "relative_strength": 19.072726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.937483, "energy": 67.85874, "activity_lines": [ 31.744068, 30.613611, 28.686847, 27.355224 ] }, { "date": "2024-12-27", "close": 33.205009, "volume": 18880069, "typical_volume": 11580318.95, "trend": 26.59005, "fair_value": 27.732981, "relative_strength": 9.850114, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.271939, "energy": 74.319119, "activity_lines": [ 32.672865, 31.183221, 29.308984, 27.790471 ] }, { "date": "2025-01-03", "close": 30.750471, "volume": 9175295, "typical_volume": 11742261.2, "trend": 26.658748, "fair_value": 27.746249, "relative_strength": 7.372398, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.295434, "energy": 68.875395, "activity_lines": [ 32.381593, 31.248001, 29.648261, 28.058885 ] }, { "date": "2025-01-10", "close": 31.427923, "volume": 10528386, "typical_volume": 12021297.55, "trend": 26.742237, "fair_value": 27.754018, "relative_strength": 10.996123, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.804017, "energy": 60.580528, "activity_lines": [ 32.174103, 31.409106, 30.011358, 28.366574 ] }, { "date": "2025-01-17", "close": 33.067554, "volume": 9533711, "typical_volume": 11962986.35, "trend": 26.920958, "fair_value": 27.773144, "relative_strength": 14.029005, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.224248, "energy": 45.376242, "activity_lines": [ 32.348211, 31.822077, 30.48228, 28.774659 ] }, { "date": "2025-01-24", "close": 31.221743, "volume": 7863745, "typical_volume": 11927849.5, "trend": 27.068016, "fair_value": 27.77947, "relative_strength": 7.35069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.772929, "energy": 30.038645, "activity_lines": [ 31.824577, 31.852603, 30.722108, 29.052129 ] }, { "date": "2025-01-31", "close": 32.390106, "volume": 1821447, "typical_volume": 11760360.95, "trend": 27.319917, "fair_value": 27.794676, "relative_strength": 11.327521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.156436, "energy": 32.998269, "activity_lines": [ 31.976432, 32.073244, 31.026323, 29.39549 ] }, { "date": "2025-02-07", "close": 31.261017, "volume": 5165780, "typical_volume": 11873579.95, "trend": 27.53126, "fair_value": 27.801375, "relative_strength": 5.772808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.488006, "energy": 29.050795, "activity_lines": [ 31.806251, 31.993807, 31.167357, 29.649754 ] }, { "date": "2025-02-14", "close": 30.563927, "volume": 11510010, "typical_volume": 11520108.75, "trend": 27.734623, "fair_value": 27.807591, "relative_strength": 2.203917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.960445, "energy": 21.005, "activity_lines": [ 31.369671, 31.739606, 31.191082, 29.84541 ] }, { "date": "2025-02-21", "close": 29.483929, "volume": 7360302, "typical_volume": 11532654.5, "trend": 27.950679, "fair_value": 27.817268, "relative_strength": -2.155975, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.138205, "energy": 14.969165, "activity_lines": [ 30.630691, 31.259766, 31.093099, 29.958269 ] }, { "date": "2025-02-28", "close": 32.68465, "volume": 10989749, "typical_volume": 11077187.35, "trend": 28.316924, "fair_value": 27.86129, "relative_strength": 10.400876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.192409, "energy": 19.327756, "activity_lines": [ 31.197526, 31.40454, 31.29315, 30.263686 ] }, { "date": "2025-03-07", "close": 31.50647, "volume": 11744356, "typical_volume": 10930339.3, "trend": 28.603968, "fair_value": 27.894499, "relative_strength": 4.84428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.236733, "energy": 14.907229, "activity_lines": [ 31.274107, 31.38651, 31.356729, 30.469463 ] }, { "date": "2025-03-14", "close": 35.492645, "volume": 14223204, "typical_volume": 10896399.95, "trend": 29.046933, "fair_value": 27.949275, "relative_strength": 16.315187, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.928946, "energy": 38.565713, "activity_lines": [ 32.738323, 32.124122, 31.792697, 30.913894 ] }, { "date": "2025-03-21", "close": 35.698822, "volume": 13002434, "typical_volume": 10688729.65, "trend": 29.527609, "fair_value": 28.008211, "relative_strength": 18.607831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.585894, "energy": 66.602313, "activity_lines": [ 33.989155, 32.812999, 32.218688, 31.343048 ] }, { "date": "2025-03-28", "close": 35.531914, "volume": 7834254, "typical_volume": 10511061.95, "trend": 29.996878, "fair_value": 28.068975, "relative_strength": 18.171123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.496057, "energy": 72.124541, "activity_lines": [ 34.842026, 33.393877, 32.596332, 31.730423 ] }, { "date": "2025-04-04", "close": 36.337002, "volume": 6897235, "typical_volume": 10320458.55, "trend": 30.495581, "fair_value": 28.146069, "relative_strength": 20.686138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.764076, "energy": 77.900618, "activity_lines": [ 35.560059, 34.076328, 33.026648, 32.139463 ] }, { "date": "2025-04-11", "close": 36.86718, "volume": 12911151, "typical_volume": 10576058.1, "trend": 31.034354, "fair_value": 28.233747, "relative_strength": 25.655132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.98285, "energy": 74.940318, "activity_lines": [ 36.211329, 34.76217, 33.477254, 32.550534 ] }, { "date": "2025-04-18", "close": 37.54464, "volume": 22921528, "typical_volume": 11407260.15, "trend": 31.600254, "fair_value": 28.321421, "relative_strength": 25.703924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.618883, "energy": 64.671568, "activity_lines": [ 36.731038, 35.489786, 33.946235, 32.970552 ] }, { "date": "2025-04-25", "close": 40.480267, "volume": 16658815, "typical_volume": 11547923.55, "trend": 32.062747, "fair_value": 28.432381, "relative_strength": 33.785983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.150018, "energy": 70.96066, "activity_lines": [ 38.09249, 36.636904, 34.652301, 33.543456 ] }, { "date": "2025-05-02", "close": 46.538071, "volume": 21409442, "typical_volume": 11775829.7, "trend": 32.678798, "fair_value": 28.590686, "relative_strength": 53.007265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.028491, "energy": 84.546456, "activity_lines": [ 41.154447, 38.705143, 35.880413, 34.477348 ] }, { "date": "2025-05-09", "close": 47.696613, "volume": 18398578, "typical_volume": 11941474.55, "trend": 33.34905, "fair_value": 28.757806, "relative_strength": 52.337618, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.844891, "energy": 90.532806, "activity_lines": [ 43.868841, 40.673952, 37.148825, 35.44624 ] }, { "date": "2025-05-16", "close": 50.936607, "volume": 23831960, "typical_volume": 12189069.1, "trend": 34.047446, "fair_value": 28.94962, "relative_strength": 59.650537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.703664, "energy": 93.881385, "activity_lines": [ 46.905925, 42.958906, 38.667788, 36.580921 ] }, { "date": "2025-05-23", "close": 47.912613, "volume": 29636749, "typical_volume": 13212141.8, "trend": 34.668738, "fair_value": 29.131287, "relative_strength": 49.579314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.254659, "energy": 83.237845, "activity_lines": [ 47.997049, 44.340767, 39.814315, 37.475448 ] }, { "date": "2025-05-30", "close": 45.075165, "volume": 22275194, "typical_volume": 13799482.2, "trend": 35.208434, "fair_value": 29.291626, "relative_strength": 39.639592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.880965, "energy": 64.273404, "activity_lines": [ 47.45116, 44.980911, 40.608885, 38.14683 ] }, { "date": "2025-06-06", "close": 45.428619, "volume": 25775902, "typical_volume": 14611591.75, "trend": 35.70635, "fair_value": 29.453084, "relative_strength": 38.054344, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.301199, "energy": 52.911573, "activity_lines": [ 46.716761, 45.51484, 41.37213, 38.806197 ] }, { "date": "2025-06-13", "close": 42.863155, "volume": 21898869, "typical_volume": 15313347.95, "trend": 36.135307, "fair_value": 29.586322, "relative_strength": 29.770502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.727195, "energy": 35.713131, "activity_lines": [ 45.201172, 45.402382, 41.832183, 39.267926 ] }, { "date": "2025-06-20", "close": 40.173038, "volume": 19226906, "typical_volume": 16183620.9, "trend": 36.568519, "fair_value": 29.705818, "relative_strength": 21.595842, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.209662, "energy": 22.167071, "activity_lines": [ 43.111107, 44.682153, 41.980598, 39.528425 ] }, { "date": "2025-06-27", "close": 40.957241, "volume": 15471000, "typical_volume": 16698881.9, "trend": 36.979763, "fair_value": 29.829556, "relative_strength": 20.948254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.282351, "energy": 22.482867, "activity_lines": [ 42.000015, 44.044401, 42.166639, 39.811568 ] }, { "date": "2025-07-04", "close": 42.307262, "volume": 19120520, "typical_volume": 17079407.4, "trend": 37.42488, "fair_value": 29.963216, "relative_strength": 22.308853, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.613945, "energy": 21.765551, "activity_lines": [ 41.802621, 43.59006, 42.43508, 40.155278 ] }, { "date": "2025-07-11", "close": 40.550247, "volume": 9687563, "typical_volume": 17195770.45, "trend": 37.715539, "fair_value": 30.071968, "relative_strength": 15.260805, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.653184, "energy": 20.119695, "activity_lines": [ 41.204082, 42.783043, 42.480266, 40.356914 ] }, { "date": "2025-07-18", "close": 39.359058, "volume": 13970626, "typical_volume": 17344814.3, "trend": 37.843765, "fair_value": 30.16777, "relative_strength": 10.483838, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.391121, "energy": 12.314133, "activity_lines": [ 40.533706, 41.868316, 42.359309, 40.462948 ] }, { "date": "2025-07-25", "close": 41.066433, "volume": 21222848, "typical_volume": 17818738.9, "trend": 38.105813, "fair_value": 30.272767, "relative_strength": 12.632597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.604693, "energy": 12.244639, "activity_lines": [ 40.66606, 41.415613, 42.369175, 40.670862 ] }, { "date": "2025-08-01", "close": 38.406097, "volume": 14139957, "typical_volume": 17814576.55, "trend": 38.361, "fair_value": 30.368196, "relative_strength": 5.668347, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.401093, "energy": 13.331871, "activity_lines": [ 39.852076, 40.65867, 42.080153, 40.690235 ] }, { "date": "2025-08-08", "close": 40.431129, "volume": 19006537, "typical_volume": 18114781.7, "trend": 38.661107, "fair_value": 30.482403, "relative_strength": 8.302295, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.984756, "energy": 15.045256, "activity_lines": [ 39.88318, 40.442761, 41.970118, 40.823792 ] }, { "date": "2025-08-15", "close": 41.215336, "volume": 14527706, "typical_volume": 18449454.3, "trend": 38.9327, "fair_value": 30.599204, "relative_strength": 7.867575, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 8.870629, "energy": 11.604936, "activity_lines": [ 40.300761, 40.453871, 41.912234, 40.988581 ] }, { "date": "2025-08-22", "close": 44.957672, "volume": 20239618, "typical_volume": 19116573.45, "trend": 39.390564, "fair_value": 30.733363, "relative_strength": 12.793168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.356187, "energy": 21.07676, "activity_lines": [ 41.921448, 41.222012, 42.183699, 41.377289 ] }, { "date": "2025-08-29", "close": 40.450985, "volume": 28952512, "typical_volume": 19918641.5, "trend": 39.65926, "fair_value": 30.843925, "relative_strength": 0.097617, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.468944, "energy": 15.986561, "activity_lines": [ 41.666665, 41.132672, 41.984905, 41.445703 ] }, { "date": "2025-09-05", "close": 40.719002, "volume": 19933187, "typical_volume": 19769224.45, "trend": 39.974526, "fair_value": 30.951825, "relative_strength": 1.411508, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.83273, "energy": 16.160282, "activity_lines": [ 41.542251, 41.08701, 41.79457, 41.514073 ] }, { "date": "2025-09-12", "close": 40.20282, "volume": 9909595, "typical_volume": 19431763.45, "trend": 40.295823, "fair_value": 31.05441, "relative_strength": -1.865816, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.364661, "energy": 11.235688, "activity_lines": [ 41.091583, 40.951828, 41.53996, 41.528802 ] }, { "date": "2025-09-19", "close": 39.160522, "volume": 8885824, "typical_volume": 18805582.55, "trend": 40.618376, "fair_value": 31.149278, "relative_strength": -3.625258, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.710481, "energy": 26.50031, "activity_lines": [ 40.308703, 40.665399, 41.187404, 41.455557 ] }, { "date": "2025-09-26", "close": 39.001698, "volume": 8792501, "typical_volume": 18325278.7, "trend": 40.828944, "fair_value": 31.240756, "relative_strength": -4.488446, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.450886, "energy": 38.817122, "activity_lines": [ 39.609868, 40.375361, 40.854853, 41.351255 ] }, { "date": "2025-10-03", "close": 39.507954, "volume": 5516382, "typical_volume": 17409499.8, "trend": 41.09566, "fair_value": 31.342414, "relative_strength": -4.913741, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.550696, "energy": 40.757805, "activity_lines": [ 39.476851, 40.183868, 40.611922, 41.26603 ] }, { "date": "2025-10-10", "close": 38.475586, "volume": 3466089, "typical_volume": 16100966.8, "trend": 41.195092, "fair_value": 31.44883, "relative_strength": -7.951919, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.125989, "energy": 56.739707, "activity_lines": [ 39.06258, 39.833007, 40.325092, 41.096993 ] }, { "date": "2025-10-17", "close": 37.532558, "volume": 10316046, "typical_volume": 15503009.4, "trend": 41.256216, "fair_value": 31.556258, "relative_strength": -8.963563, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.324709, "energy": 58.165394, "activity_lines": [ 38.483528, 39.309423, 39.993388, 40.8607 ] }, { "date": "2025-10-24", "close": 35.497597, "volume": 9208397, "typical_volume": 14674634.15, "trend": 41.255072, "fair_value": 31.625578, "relative_strength": -16.326257, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.665406, "energy": 67.760601, "activity_lines": [ 37.404172, 38.468547, 39.503795, 40.489176 ] }, { "date": "2025-10-31", "close": 34.276623, "volume": 18576973, "typical_volume": 14508539.35, "trend": 41.186393, "fair_value": 31.679467, "relative_strength": -19.272571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.026895, "energy": 78.006643, "activity_lines": [ 36.16202, 37.509635, 38.94521, 40.038954 ] }, { "date": "2025-11-07", "close": 33.313744, "volume": 14505518, "typical_volume": 14272469.95, "trend": 41.067945, "fair_value": 31.720005, "relative_strength": -22.310297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.516764, "energy": 86.060103, "activity_lines": [ 34.913914, 36.569855, 38.33581, 39.531041 ] }, { "date": "2025-11-14", "close": 33.450001, "volume": 13989658, "typical_volume": 14198402.85, "trend": 40.931457, "fair_value": 31.760687, "relative_strength": -21.767074, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.89359, "energy": 86.65836, "activity_lines": [ 34.124173, 35.784617, 37.77205, 39.039561 ] }, { "date": "2025-11-21", "close": 32.84, "volume": 11869916, "typical_volume": 13835872.65, "trend": 40.676782, "fair_value": 31.769231, "relative_strength": -20.11252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.552747, "energy": 89.332518, "activity_lines": [ 33.466139, 35.020633, 37.185944, 38.517531 ] }, { "date": "2025-11-28", "close": 35.43, "volume": 29042880, "typical_volume": 14803638.5, "trend": 40.306513, "fair_value": 31.774303, "relative_strength": -15.079665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.506889, "energy": 80.677401, "activity_lines": [ 33.984274, 34.861428, 36.891586, 38.179029 ] }, { "date": "2025-12-05", "close": 34.389999, "volume": 11135264, "typical_volume": 14661870.4, "trend": 39.862959, "fair_value": 31.766321, "relative_strength": -17.91757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.382972, "energy": 56.388648, "activity_lines": [ 34.160249, 34.580959, 36.522563, 37.797319 ] }, { "date": "2025-12-12", "close": 33.130001, "volume": 9921650, "typical_volume": 14096810.5, "trend": 39.269405, "fair_value": 31.759508, "relative_strength": -20.527931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.26804, "energy": 56.243615, "activity_lines": [ 33.908667, 34.155249, 36.057203, 37.362934 ] }, { "date": "2025-12-19", "close": 33.650002, "volume": 8838490, "typical_volume": 13831737.15, "trend": 38.793985, "fair_value": 31.755299, "relative_strength": -19.028204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.511525, "energy": 48.232278, "activity_lines": [ 33.842667, 33.940048, 35.679158, 37.000392 ] }, { "date": "2025-12-26", "close": 33.09, "volume": 10320798, "typical_volume": 13397450.2, "trend": 38.394479, "fair_value": 31.74458, "relative_strength": -21.646885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.382154, "energy": 52.746659, "activity_lines": [ 33.576667, 33.710765, 35.270429, 36.632393 ] }, { "date": "2026-01-02", "close": 33.150002, "volume": 8878648, "typical_volume": 13114997.3, "trend": 37.985192, "fair_value": 31.74185, "relative_strength": -21.433491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.663155, "energy": 52.036575, "activity_lines": [ 33.314001, 33.573166, 34.902371, 36.29404 ] }, { "date": "2026-01-09", "close": 34.459999, "volume": 12154984, "typical_volume": 12710765.6, "trend": 37.705087, "fair_value": 31.7536, "relative_strength": -21.111366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.32723, "energy": 43.141557, "activity_lines": [ 33.640001, 33.716432, 34.697482, 36.066608 ] }, { "date": "2026-01-16", "close": 33.419998, "volume": 16251523, "typical_volume": 12075716.15, "trend": 37.479986, "fair_value": 31.762578, "relative_strength": -22.859661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.49721, "energy": 41.333483, "activity_lines": [ 33.614666, 33.667273, 34.443534, 35.790151 ] }, { "date": "2026-01-23", "close": 33.66, "volume": 14147725, "typical_volume": 11786443.05, "trend": 37.236744, "fair_value": 31.773641, "relative_strength": -22.743552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.844636, "energy": 36.060301, "activity_lines": [ 33.65, 33.659818, 34.245923, 35.5437 ] }, { "date": "2026-01-30", "close": 31.52, "volume": 15756190, "typical_volume": 12078772.8, "trend": 36.877169, "fair_value": 31.776461, "relative_strength": -27.027515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.924047, "energy": 45.945258, "activity_lines": [ 32.971333, 33.259455, 33.878118, 35.174878 ] }, { "date": "2026-02-06", "close": 32.549999, "volume": 15811050, "typical_volume": 12425034.1, "trend": 36.610494, "fair_value": 31.787466, "relative_strength": -23.468005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.843691, "energy": 43.481933, "activity_lines": [ 32.740666, 33.070363, 33.649755, 34.895706 ] }, { "date": "2026-02-13", "close": 31.129999, "volume": 9778180, "typical_volume": 12474318.05, "trend": 36.336192, "fair_value": 31.752503, "relative_strength": -26.899964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.45472, "energy": 56.851817, "activity_lines": [ 32.076666, 32.675454, 33.317632, 34.542125 ] }, { "date": "2026-02-27", "close": 30.280001, "volume": 11334595, "typical_volume": 12765228.7, "trend": 35.976644, "fair_value": 31.706677, "relative_strength": -30.08912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.560038, "energy": 72.030568, "activity_lines": [ 31.351333, 32.185272, 32.942041, 34.151403 ] }, { "date": "2026-03-06", "close": 28.4, "volume": 11465577, "typical_volume": 13165203.1, "trend": 35.643108, "fair_value": 31.647826, "relative_strength": -33.451018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.989756, "energy": 84.908669, "activity_lines": [ 30.208667, 31.405091, 32.431346, 33.662588 ] }, { "date": "2026-03-13", "close": 27.440001, "volume": 11460897, "typical_volume": 13222445.65, "trend": 35.21007, "fair_value": 31.590182, "relative_strength": -34.929749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.27638, "energy": 92.896513, "activity_lines": [ 29.096667, 30.545818, 31.8772, 33.133355 ] }, { "date": "2026-03-20", "close": 26.809999, "volume": 8493253, "typical_volume": 13186688.45, "trend": 34.729892, "fair_value": 31.523329, "relative_strength": -33.754272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.775358, "energy": 93.507383, "activity_lines": [ 28.046667, 29.674727, 31.311115, 32.591415 ] }, { "date": "2026-03-27", "close": 26.66, "volume": 8588682, "typical_volume": 12687273.9, "trend": 34.11997, "fair_value": 31.456914, "relative_strength": -32.916602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.317182, "energy": 91.352632, "activity_lines": [ 27.329333, 28.891636, 30.772113, 32.070777 ] }, { "date": "2026-04-03", "close": 24.360001, "volume": 13143237, "typical_volume": 12619159.85, "trend": 33.583604, "fair_value": 31.378857, "relative_strength": -37.662258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.042353, "energy": 94.841326, "activity_lines": [ 26.143334, 27.832182, 30.050333, 31.441101 ] }, { "date": "2026-04-10", "close": 24.82, "volume": 8497950, "typical_volume": 12344574.45, "trend": 33.053637, "fair_value": 31.306487, "relative_strength": -37.622697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.491098, "energy": 90.298686, "activity_lines": [ 25.505334, 27.021091, 29.415, 30.875707 ] }, { "date": "2026-04-17", "close": 24.59, "volume": 8254007, "typical_volume": 12163779.0, "trend": 32.533209, "fair_value": 31.232034, "relative_strength": -38.566146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.56271, "energy": 85.799216, "activity_lines": [ 25.029333, 26.328909, 28.798857, 30.329666 ] }, { "date": "2026-04-24", "close": 24.93, "volume": 11450640, "typical_volume": 11284167.0, "trend": 32.058859, "fair_value": 31.166756, "relative_strength": -37.50086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.08644, "energy": 80.987901, "activity_lines": [ 24.856667, 25.824546, 28.254381, 29.839137 ] }, { "date": "2026-05-01", "close": 25.17, "volume": 9689102, "typical_volume": 11211858.9, "trend": 31.597802, "fair_value": 31.113846, "relative_strength": -36.625793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.97797, "energy": 65.541952, "activity_lines": [ 24.889333, 25.502364, 27.782762, 29.394694 ] }, { "date": "2026-05-08", "close": 25.620001, "volume": 7305705, "typical_volume": 11081061.65, "trend": 31.13487, "fair_value": 31.070694, "relative_strength": -35.503494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.801991, "energy": 63.110951, "activity_lines": [ 25.171334, 25.370364, 27.397905, 29.00903 ] }, { "date": "2026-05-15", "close": 24.83, "volume": 12380155, "typical_volume": 11258144.9, "trend": 30.680018, "fair_value": 31.009398, "relative_strength": -35.743634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.324355, "energy": 62.27132, "activity_lines": [ 25.106, 25.179455, 26.973572, 28.602264 ] }, { "date": "2026-05-22", "close": 23.790001, "volume": 8898338, "typical_volume": 11187021.9, "trend": 30.221932, "fair_value": 30.92416, "relative_strength": -36.884903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.14283, "energy": 65.889742, "activity_lines": [ 24.693334, 24.864364, 26.492191, 28.157747 ] }, { "date": "2026-05-29", "close": 23.68, "volume": 10677114, "typical_volume": 11276945.2, "trend": 29.828012, "fair_value": 30.830186, "relative_strength": -35.340446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.912341, "energy": 64.851093, "activity_lines": [ 24.297334, 24.595637, 26.044619, 27.735686 ] }, { "date": "2026-06-05", "close": 22.959999, "volume": 2061700, "typical_volume": 10772281.0, "trend": 29.450792, "fair_value": 30.754105, "relative_strength": -35.602563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.913833, "energy": 73.196302, "activity_lines": [ 23.744667, 24.252909, 25.573572, 27.292589 ] }, { "date": "2026-06-12", "close": 22.057259, "volume": 2571982, "typical_volume": 10088303.95, "trend": 29.075575, "fair_value": 30.676922, "relative_strength": -37.106534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.050558, "energy": 84.296944, "activity_lines": [ 23.03842, 23.81332, 25.07131, 26.815587 ] }, { "date": "2026-06-19", "close": 22.235701, "volume": 8187108, "typical_volume": 9790273.1, "trend": 28.701765, "fair_value": 30.614631, "relative_strength": -36.492949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.591606, "energy": 79.767038, "activity_lines": [ 22.629169, 23.448043, 24.640152, 26.374304 ] }, { "date": "2026-06-26", "close": 23.048595, "volume": 4848904, "typical_volume": 9244908.8, "trend": 28.375385, "fair_value": 30.56114, "relative_strength": -32.188257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.810986, "energy": 66.46624, "activity_lines": [ 22.663837, 23.277551, 24.340814, 26.009584 ] }, { "date": "2026-07-03", "close": 28.9074, "volume": 11775133, "typical_volume": 9043112.95, "trend": 28.157965, "fair_value": 30.537905, "relative_strength": -14.356344, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -15.638221, "energy": 21.114132, "activity_lines": [ 24.700867, 24.200323, 24.639797, 26.043907 ] }, { "date": "2026-07-10", "close": 29.294022, "volume": 39892437, "typical_volume": 10548825.8, "trend": 27.988099, "fair_value": 30.532661, "relative_strength": -11.186591, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 15.489228, "energy": 27.318993, "activity_lines": [ 26.518277, 25.121073, 24.992947, 26.117201 ] }, { "date": "2026-07-17", "close": 29.09, "volume": 27343823, "typical_volume": 11349287.2, "trend": 27.853433, "fair_value": 30.522338, "relative_strength": -5.527457, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 16.025763, "energy": 37.745044, "activity_lines": [ 27.845412, 25.929747, 25.335409, 26.188292 ] }, { "date": "2026-07-24", "close": 31.780001, "volume": 44490633, "typical_volume": 13000540.0, "trend": 27.791099, "fair_value": 30.549273, "relative_strength": 2.53025, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.055078, "energy": 54.51974, "activity_lines": [ 29.600364, 27.16442, 25.939728, 26.441619 ] }, { "date": "2026-07-31", "close": 28.67, "volume": 55989271, "typical_volume": 15226958.7, "trend": 27.643766, "fair_value": 30.557793, "relative_strength": -7.071564, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.294783, "energy": 45.939716, "activity_lines": [ 29.682363, 27.707275, 26.231761, 26.498322 ] }, { "date": "2026-08-07", "close": 30.200001, "volume": 26742830, "typical_volume": 16139437.55, "trend": 27.545433, "fair_value": 30.568095, "relative_strength": -4.074231, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.291065, "energy": 52.563448, "activity_lines": [ 29.899602, 28.439585, 26.663652, 26.66324 ] } ], "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." } } }