{ "ticker": { "uuid": "9145cb05-2ce3-48ce-93e6-bb0b1af6e684", "symbol": "DMT", "name": "Don Muang Tollway Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 68.408, "architecture_energy": 68.461, "architecture_maturity": 100.0, "architecture_confidence": 67.242, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 4.2, "rotation_up": 78.78, "upward_expansion": 87.67, "deceleration": 58.02, "rotation_down": 10.59, "downward_expansion": 12.0 }, "activity_lines": [ 12.326667, 12.136364, 11.753618, 11.502846 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 12.3, "trend_reference": 11.160893, "distance_from_trend": 0.102062, "trend_direction": "Improving", "fair_value": 10.06853, "distance_from_fair_value": 0.221628, "fair_value_direction": "Improving", "relative_strength": 1.389546, "relative_strength_direction": "Improving", "price_momentum": 0.174444, "excess_performance": -0.017881, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.102062, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.067142, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.221628, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.120878, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.013895, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.066721, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.174444, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 23.874994, "read": "Demand-led" } ], "volume": { "latest": 2145500, "relative_activity": 0.590716, "balance": 23.874994, "dry_up": 0.629462, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.018844, "annualized_volatility": 0.072604, "from_high_reference": -0.016, "from_low_reference": 0.321019 }, "levels": { "trend_reference": 11.160893, "fair_value_reference": 10.06853, "structural_low": 10.280879, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": 0.011297, "positive_rate": 0.695652, "directional_follow_through": 0.695652, "median_excess_return": 0.015034, "regime_survival": 0.826087, "best_return": 0.097561, "worst_return": -0.113475, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.021825, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.015052, "regime_survival": 0.571429, "best_return": 0.101416, "worst_return": -0.078868, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.014549, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.099084, "regime_survival": 0.333333, "best_return": 0.124988, "worst_return": -0.004787, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.039082, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.127661, "regime_survival": 0.5, "best_return": 0.218781, "worst_return": -0.140617, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-06-16", "end": "2023-06-23", "tenure": "New", "return": -0.032258, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-30", "end": "2023-08-18", "tenure": "Developing", "return": 0.113044, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-08-25", "end": "2023-10-06", "tenure": "Developing", "return": -0.024, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-10-13", "end": "2023-11-24", "tenure": "Developing", "return": 0.011793, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-02-09", "tenure": "Developing", "return": 0.065041, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-16", "end": "2024-03-08", "tenure": "New", "return": -0.084615, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-15", "end": "2024-04-12", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-19", "end": "2024-04-19", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-26", "end": "2024-05-31", "tenure": "Developing", "return": 0.021699, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-12-13", "tenure": "Extended", "return": -0.006828, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-05-23", "tenure": "Established", "return": -0.007696, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-07-25", "tenure": "Developing", "return": 0.02, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": -0.009709, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2026-08-07", "tenure": "Extended", "return": 0.297429, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.021291, "volume": 5281500, "typical_volume": 6454430.0, "trend": 9.575544, "fair_value": 8.384972, "relative_strength": 19.612255, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.669857, "energy": 43.426518, "activity_lines": [ 9.859488, 9.638373, 9.594633, 9.60953 ] }, { "date": "2023-08-25", "close": 10.059343, "volume": 7943100, "typical_volume": 6489670.0, "trend": 9.602789, "fair_value": 8.39881, "relative_strength": 16.123096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.730773, "energy": 56.376742, "activity_lines": [ 9.945244, 9.734972, 9.639588, 9.640743 ] }, { "date": "2023-09-01", "close": 10.059343, "volume": 3983500, "typical_volume": 6482790.0, "trend": 9.627664, "fair_value": 8.412421, "relative_strength": 15.264712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.124214, "energy": 62.168329, "activity_lines": [ 10.007586, 9.825184, 9.683995, 9.670198 ] }, { "date": "2023-09-08", "close": 10.139818, "volume": 4243900, "typical_volume": 5927480.0, "trend": 9.659961, "fair_value": 8.426464, "relative_strength": 16.419756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.112344, "energy": 62.582442, "activity_lines": [ 10.073338, 9.917948, 9.73552, 9.70324 ] }, { "date": "2023-09-15", "close": 9.898394, "volume": 2959200, "typical_volume": 5416435.0, "trend": 9.707908, "fair_value": 8.438335, "relative_strength": 13.355176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.85764, "energy": 46.843233, "activity_lines": [ 10.024617, 9.946157, 9.760683, 9.718623 ] }, { "date": "2023-09-22", "close": 10.059343, "volume": 3854000, "typical_volume": 5476180.0, "trend": 9.723304, "fair_value": 8.451303, "relative_strength": 15.877634, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.661979, "energy": 39.508788, "activity_lines": [ 10.032518, 9.990205, 9.797564, 9.741296 ] }, { "date": "2023-09-29", "close": 9.737445, "volume": 2944600, "typical_volume": 5108845.0, "trend": 9.723231, "fair_value": 8.46151, "relative_strength": 15.296245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.493045, "energy": 24.05814, "activity_lines": [ 9.930584, 9.95653, 9.799773, 9.742208 ] }, { "date": "2023-10-06", "close": 9.817918, "volume": 5126700, "typical_volume": 4862205.0, "trend": 9.716578, "fair_value": 8.472191, "relative_strength": 18.057102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.846308, "energy": 17.737722, "activity_lines": [ 9.876934, 9.936952, 9.808615, 9.748317 ] }, { "date": "2023-10-13", "close": 10.139818, "volume": 8671100, "typical_volume": 4925445.0, "trend": 9.727967, "fair_value": 8.485219, "relative_strength": 19.968315, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.468672, "energy": 22.403155, "activity_lines": [ 9.946678, 9.973906, 9.847425, 9.775623 ] }, { "date": "2023-10-20", "close": 9.817918, "volume": 12953400, "typical_volume": 5313140.0, "trend": 9.726189, "fair_value": 8.49555, "relative_strength": 19.448569, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.352972, "energy": 16.253417, "activity_lines": [ 9.909123, 9.94306, 9.85464, 9.781426 ] }, { "date": "2023-10-27", "close": 9.656969, "volume": 5093400, "typical_volume": 5349840.0, "trend": 9.704422, "fair_value": 8.504484, "relative_strength": 17.484448, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.103819, "energy": 11.474003, "activity_lines": [ 9.823283, 9.885225, 9.846005, 9.77696 ] }, { "date": "2023-11-03", "close": 9.817918, "volume": 4704700, "typical_volume": 5431210.0, "trend": 9.700207, "fair_value": 8.51451, "relative_strength": 15.873946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.157888, "energy": 11.807848, "activity_lines": [ 9.817918, 9.863277, 9.85406, 9.784283 ] }, { "date": "2023-11-10", "close": 10.059343, "volume": 5645400, "typical_volume": 5494230.0, "trend": 9.704039, "fair_value": 8.526214, "relative_strength": 20.206232, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.368248, "energy": 16.962177, "activity_lines": [ 9.887663, 9.889614, 9.884584, 9.807453 ] }, { "date": "2023-11-17", "close": 10.220292, "volume": 8569400, "typical_volume": 5473050.0, "trend": 9.730297, "fair_value": 8.538951, "relative_strength": 18.871707, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.786562, "energy": 27.204409, "activity_lines": [ 9.994963, 9.945215, 9.927274, 9.840759 ] }, { "date": "2023-11-24", "close": 10.259398, "volume": 9123600, "typical_volume": 5718360.0, "trend": 9.767609, "fair_value": 8.55179, "relative_strength": 19.838448, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.085525, "energy": 47.832818, "activity_lines": [ 10.109933, 10.006463, 9.967894, 9.874895 ] }, { "date": "2023-12-01", "close": 10.176662, "volume": 3113100, "typical_volume": 5580685.0, "trend": 9.799623, "fair_value": 8.563826, "relative_strength": 19.288328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.247647, "energy": 52.479243, "activity_lines": [ 10.167892, 10.046104, 9.995399, 9.901285 ] }, { "date": "2023-12-08", "close": 10.176662, "volume": 2435900, "typical_volume": 5349900.0, "trend": 9.821482, "fair_value": 8.575685, "relative_strength": 18.258643, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.183652, "energy": 52.361612, "activity_lines": [ 10.191205, 10.083612, 10.017318, 9.925611 ] }, { "date": "2023-12-15", "close": 10.424873, "volume": 4059900, "typical_volume": 5448500.0, "trend": 9.846537, "fair_value": 8.589183, "relative_strength": 19.223748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.89168, "energy": 54.58159, "activity_lines": [ 10.273339, 10.158263, 10.060645, 9.964539 ] }, { "date": "2023-12-22", "close": 11.004032, "volume": 11166500, "typical_volume": 5870875.0, "trend": 9.881905, "fair_value": 8.606682, "relative_strength": 23.373874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.003142, "energy": 68.820405, "activity_lines": [ 10.524157, 10.327181, 10.155716, 10.039216 ] }, { "date": "2023-12-29", "close": 11.169507, "volume": 7995600, "typical_volume": 5993425.0, "trend": 9.930618, "fair_value": 8.62512, "relative_strength": 23.067572, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.598794, "energy": 78.815534, "activity_lines": [ 10.777885, 10.510472, 10.260004, 10.122287 ] }, { "date": "2024-01-05", "close": 11.004032, "volume": 5883800, "typical_volume": 6023540.0, "trend": 9.965985, "fair_value": 8.642112, "relative_strength": 19.387974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.584926, "energy": 77.903137, "activity_lines": [ 10.915779, 10.639102, 10.342691, 10.19154 ] }, { "date": "2024-01-12", "close": 11.004032, "volume": 8158200, "typical_volume": 6034295.0, "trend": 10.009182, "fair_value": 8.658863, "relative_strength": 19.804699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.252885, "energy": 79.096427, "activity_lines": [ 10.998516, 10.74324, 10.420699, 10.25851 ] }, { "date": "2024-01-19", "close": 10.75582, "volume": 4906200, "typical_volume": 6080430.0, "trend": 10.054544, "fair_value": 8.67363, "relative_strength": 18.856863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.891607, "energy": 72.315502, "activity_lines": [ 10.943358, 10.780683, 10.470569, 10.306681 ] }, { "date": "2024-01-26", "close": 10.75582, "volume": 5087400, "typical_volume": 6122605.0, "trend": 10.112955, "fair_value": 8.688191, "relative_strength": 19.275739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.290076, "energy": 46.811302, "activity_lines": [ 10.866136, 10.805463, 10.517122, 10.351924 ] }, { "date": "2024-02-02", "close": 10.83856, "volume": 6808700, "typical_volume": 6315080.0, "trend": 10.168904, "fair_value": 8.703124, "relative_strength": 18.012874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.545217, "energy": 36.334137, "activity_lines": [ 10.833042, 10.83555, 10.568622, 10.398737 ] }, { "date": "2024-02-09", "close": 10.83856, "volume": 4787900, "typical_volume": 6361775.0, "trend": 10.230073, "fair_value": 8.717851, "relative_strength": 16.870146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.806634, "energy": 31.211929, "activity_lines": [ 10.822011, 10.855106, 10.615645, 10.441941 ] }, { "date": "2024-02-16", "close": 10.75582, "volume": 4350900, "typical_volume": 6432090.0, "trend": 10.264996, "fair_value": 8.73181, "relative_strength": 15.278579, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.932152, "energy": 28.364534, "activity_lines": [ 10.794432, 10.847584, 10.651078, 10.47586 ] }, { "date": "2024-02-23", "close": 10.011188, "volume": 26410100, "typical_volume": 7496260.0, "trend": 10.275098, "fair_value": 8.740513, "relative_strength": 5.997098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.223318, "energy": 11.488535, "activity_lines": [ 10.535189, 10.694145, 10.610743, 10.459485 ] }, { "date": "2024-03-01", "close": 9.92845, "volume": 7854500, "typical_volume": 7455430.0, "trend": 10.285052, "fair_value": 8.74854, "relative_strength": 7.116917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.978924, "energy": 21.015876, "activity_lines": [ 10.298009, 10.533183, 10.561609, 10.437121 ] }, { "date": "2024-03-08", "close": 9.845713, "volume": 5742100, "typical_volume": 7094865.0, "trend": 10.281809, "fair_value": 8.755903, "relative_strength": 4.519682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.685107, "energy": 36.185291, "activity_lines": [ 10.088409, 10.376735, 10.505601, 10.408777 ] }, { "date": "2024-03-15", "close": 9.845713, "volume": 2828200, "typical_volume": 6981605.0, "trend": 10.275957, "fair_value": 8.763169, "relative_strength": 4.301139, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.481491, "energy": 46.797739, "activity_lines": [ 9.944998, 10.244356, 10.449462, 10.380641 ] }, { "date": "2024-03-22", "close": 9.762975, "volume": 5173200, "typical_volume": 7005030.0, "trend": 10.266078, "fair_value": 8.76979, "relative_strength": 3.545261, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.800263, "energy": 62.510303, "activity_lines": [ 9.840197, 10.117993, 10.384543, 10.347546 ] }, { "date": "2024-03-29", "close": 10.011188, "volume": 6148300, "typical_volume": 7030175.0, "trend": 10.264473, "fair_value": 8.777957, "relative_strength": 6.160007, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.926, "energy": 54.315608, "activity_lines": [ 9.884324, 10.059325, 10.343525, 10.331101 ] }, { "date": "2024-04-05", "close": 9.92845, "volume": 3820400, "typical_volume": 6792725.0, "trend": 10.257427, "fair_value": 8.785477, "relative_strength": 5.193676, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.160651, "energy": 43.344327, "activity_lines": [ 9.900871, 9.999153, 10.294857, 10.309422 ] }, { "date": "2024-04-12", "close": 9.845713, "volume": 1950100, "typical_volume": 6434050.0, "trend": 10.255671, "fair_value": 8.792361, "relative_strength": 2.531266, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.908355, "energy": 34.025925, "activity_lines": [ 9.889839, 9.93898, 10.239699, 10.28286 ] }, { "date": "2024-04-19", "close": 9.680239, "volume": 1861300, "typical_volume": 6371460.0, "trend": 10.243034, "fair_value": 8.79809, "relative_strength": 5.316516, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -41.003411, "energy": 35.835758, "activity_lines": [ 9.82365, 9.866773, 10.170752, 10.245736 ] }, { "date": "2024-04-26", "close": 9.845713, "volume": 2533000, "typical_volume": 6376315.0, "trend": 10.246643, "fair_value": 8.804805, "relative_strength": 4.554502, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.409004, "energy": 41.711586, "activity_lines": [ 9.82365, 9.845713, 10.119927, 10.220102 ] }, { "date": "2024-05-03", "close": 9.971404, "volume": 3232900, "typical_volume": 6334965.0, "trend": 10.251759, "fair_value": 8.79995, "relative_strength": 4.748921, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.24194, "energy": 37.462735, "activity_lines": [ 9.860031, 9.864053, 10.08265, 10.202345 ] }, { "date": "2024-05-10", "close": 9.971404, "volume": 1075900, "typical_volume": 5830435.0, "trend": 10.246146, "fair_value": 8.804178, "relative_strength": 4.260022, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.800771, "energy": 29.964307, "activity_lines": [ 9.899064, 9.883116, 10.047531, 10.184257 ] }, { "date": "2024-05-17", "close": 10.390369, "volume": 3552100, "typical_volume": 5608260.0, "trend": 10.265227, "fair_value": 8.812822, "relative_strength": 7.458927, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.446725, "energy": 16.119031, "activity_lines": [ 10.074889, 9.977574, 10.057232, 10.193562 ] }, { "date": "2024-05-24", "close": 10.315103, "volume": 4657300, "typical_volume": 5546935.0, "trend": 10.287165, "fair_value": 8.819253, "relative_strength": 7.787903, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.072217, "energy": 20.259547, "activity_lines": [ 10.189315, 10.048444, 10.063474, 10.19678 ] }, { "date": "2024-05-31", "close": 10.059356, "volume": 4391900, "typical_volume": 5358620.0, "trend": 10.295213, "fair_value": 8.824045, "relative_strength": 6.254842, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.510045, "energy": 18.980507, "activity_lines": [ 10.176167, 10.064281, 10.04864, 10.182082 ] }, { "date": "2024-06-07", "close": 10.144603, "volume": 1652900, "typical_volume": 5195955.0, "trend": 10.298055, "fair_value": 8.827654, "relative_strength": 7.835046, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.738241, "energy": 19.441286, "activity_lines": [ 10.177193, 10.090228, 10.046424, 10.172365 ] }, { "date": "2024-06-14", "close": 9.974107, "volume": 3560100, "typical_volume": 5119590.0, "trend": 10.289849, "fair_value": 8.832332, "relative_strength": 7.733777, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.576254, "energy": 13.417931, "activity_lines": [ 10.109839, 10.08275, 10.03088, 10.151466 ] }, { "date": "2024-06-21", "close": 9.974107, "volume": 5578100, "typical_volume": 5058060.0, "trend": 10.280339, "fair_value": 8.837875, "relative_strength": 7.339936, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.131682, "energy": 22.245654, "activity_lines": [ 10.042306, 10.074442, 10.019058, 10.131095 ] }, { "date": "2024-06-28", "close": 10.059356, "volume": 1943700, "typical_volume": 4915850.0, "trend": 10.276429, "fair_value": 8.844397, "relative_strength": 8.201188, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.316448, "energy": 21.023944, "activity_lines": [ 10.030939, 10.079299, 10.019472, 10.116838 ] }, { "date": "2024-07-05", "close": 10.059356, "volume": 2134400, "typical_volume": 4805025.0, "trend": 10.272519, "fair_value": 8.854812, "relative_strength": 6.853981, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.448096, "energy": 21.360493, "activity_lines": [ 10.036623, 10.077264, 10.023597, 10.102833 ] }, { "date": "2024-07-12", "close": 10.059356, "volume": 1189900, "typical_volume": 3544015.0, "trend": 10.260335, "fair_value": 8.864362, "relative_strength": 4.790524, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.843706, "energy": 17.176265, "activity_lines": [ 10.042306, 10.071344, 10.031038, 10.089081 ] }, { "date": "2024-07-19", "close": 10.059356, "volume": 1617600, "typical_volume": 3232170.0, "trend": 10.228846, "fair_value": 8.876507, "relative_strength": 5.612688, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.055186, "energy": 12.870624, "activity_lines": [ 10.053673, 10.063824, 10.03825, 10.076115 ] }, { "date": "2024-07-26", "close": 10.144603, "volume": 2746200, "typical_volume": 3082375.0, "trend": 10.194682, "fair_value": 8.891794, "relative_strength": 6.898905, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.94896, "energy": 6.073694, "activity_lines": [ 10.087772, 10.070205, 10.052957, 10.07068 ] }, { "date": "2024-08-02", "close": 10.229852, "volume": 1121200, "typical_volume": 2997025.0, "trend": 10.168876, "fair_value": 8.90806, "relative_strength": 6.890984, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.626909, "energy": 9.368998, "activity_lines": [ 10.138921, 10.096555, 10.074359, 10.072949 ] }, { "date": "2024-08-09", "close": 10.144603, "volume": 3359100, "typical_volume": 2906320.0, "trend": 10.140229, "fair_value": 8.924212, "relative_strength": 6.929327, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.824406, "energy": 18.179291, "activity_lines": [ 10.150287, 10.108954, 10.085814, 10.071383 ] }, { "date": "2024-08-16", "close": 10.144603, "volume": 3329600, "typical_volume": 2765385.0, "trend": 10.119855, "fair_value": 8.935173, "relative_strength": 6.111025, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.934996, "energy": 24.967981, "activity_lines": [ 10.15597, 10.119804, 10.095451, 10.071665 ] }, { "date": "2024-08-23", "close": 10.240062, "volume": 5216300, "typical_volume": 2835180.0, "trend": 10.102663, "fair_value": 8.945135, "relative_strength": 2.70997, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.5793, "energy": 34.061206, "activity_lines": [ 10.187789, 10.14801, 10.113544, 10.07942 ] }, { "date": "2024-08-30", "close": 9.979722, "volume": 6108600, "typical_volume": 3043105.0, "trend": 10.074035, "fair_value": 8.952992, "relative_strength": -0.445047, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.128723, "energy": 4.213611, "activity_lines": [ 10.120782, 10.124046, 10.10536, 10.071489 ] }, { "date": "2024-09-06", "close": 10.066503, "volume": 3571200, "typical_volume": 3128600.0, "trend": 10.0483, "fair_value": 8.961406, "relative_strength": -4.52639, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 27.33431, "energy": 12.160145, "activity_lines": [ 10.093693, 10.115758, 10.104801, 10.071003 ] }, { "date": "2024-09-13", "close": 10.153281, "volume": 3782500, "typical_volume": 3191075.0, "trend": 10.028215, "fair_value": 8.968636, "relative_strength": -3.661523, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.037234, "energy": 13.217343, "activity_lines": [ 10.106421, 10.123118, 10.110668, 10.077776 ] }, { "date": "2024-09-20", "close": 10.066503, "volume": 4126500, "typical_volume": 3235755.0, "trend": 10.030059, "fair_value": 8.97705, "relative_strength": -6.360859, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.671027, "energy": 13.694355, "activity_lines": [ 10.089644, 10.112992, 10.106806, 10.080246 ] }, { "date": "2024-09-27", "close": 9.979722, "volume": 3403300, "typical_volume": 3352125.0, "trend": 10.031768, "fair_value": 8.985778, "relative_strength": -7.133233, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 5.046345, "energy": 7.199545, "activity_lines": [ 10.049146, 10.086958, 10.094226, 10.076998 ] }, { "date": "2024-10-04", "close": 10.153281, "volume": 4398400, "typical_volume": 3394440.0, "trend": 10.04202, "fair_value": 8.995618, "relative_strength": -5.182588, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 20.309848, "energy": 8.415601, "activity_lines": [ 10.083858, 10.093928, 10.098136, 10.084838 ] }, { "date": "2024-10-11", "close": 10.153281, "volume": 2629400, "typical_volume": 3293045.0, "trend": 10.052272, "fair_value": 9.005023, "relative_strength": -6.829822, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.913929, "energy": 12.20198, "activity_lines": [ 10.106999, 10.10074, 10.103175, 10.092016 ] }, { "date": "2024-10-18", "close": 10.153281, "volume": 5622800, "typical_volume": 3354590.0, "trend": 10.065283, "fair_value": 9.014428, "relative_strength": -8.015113, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.349481, "energy": 14.596746, "activity_lines": [ 10.124355, 10.108945, 10.108985, 10.098533 ] }, { "date": "2024-10-25", "close": 9.979722, "volume": 3477400, "typical_volume": 3445815.0, "trend": 10.064234, "fair_value": 9.023591, "relative_strength": -7.923752, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 7.581059, "energy": 4.899871, "activity_lines": [ 10.083857, 10.085435, 10.097818, 10.093013 ] }, { "date": "2024-11-01", "close": 10.066503, "volume": 2323200, "typical_volume": 3383970.0, "trend": 10.068835, "fair_value": 9.033745, "relative_strength": -7.161022, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 15.423589, "energy": 7.173368, "activity_lines": [ 10.078073, 10.080702, 10.095701, 10.093159 ] }, { "date": "2024-11-08", "close": 10.066503, "volume": 2945100, "typical_volume": 3252320.0, "trend": 10.076195, "fair_value": 9.044769, "relative_strength": -7.105592, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.340245, "energy": 5.99066, "activity_lines": [ 10.066502, 10.079125, 10.093144, 10.093009 ] }, { "date": "2024-11-15", "close": 9.892941, "volume": 2671900, "typical_volume": 3288730.0, "trend": 10.083285, "fair_value": 9.054245, "relative_strength": -7.224114, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.881097, "energy": 39.105868, "activity_lines": [ 10.002863, 10.044412, 10.073617, 10.081186 ] }, { "date": "2024-11-22", "close": 10.066503, "volume": 2707700, "typical_volume": 3317395.0, "trend": 10.090645, "fair_value": 9.065704, "relative_strength": -5.742462, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.496321, "energy": 31.75677, "activity_lines": [ 10.014434, 10.044413, 10.071412, 10.080103 ] }, { "date": "2024-11-29", "close": 10.163719, "volume": 2941700, "typical_volume": 3404985.0, "trend": 10.097055, "fair_value": 9.079091, "relative_strength": -3.517965, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.602081, "energy": 11.91575, "activity_lines": [ 10.064196, 10.063666, 10.078432, 10.084817 ] }, { "date": "2024-12-06", "close": 10.163719, "volume": 1551100, "typical_volume": 3401660.0, "trend": 10.103466, "fair_value": 9.092913, "relative_strength": -5.049324, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -19.304427, "energy": 8.491395, "activity_lines": [ 10.101691, 10.081152, 10.084955, 10.089118 ] }, { "date": "2024-12-13", "close": 10.07534, "volume": 1635500, "typical_volume": 3346125.0, "trend": 10.092965, "fair_value": 9.106604, "relative_strength": -4.427109, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -6.232004, "energy": 8.794679, "activity_lines": [ 10.103245, 10.079224, 10.082564, 10.087304 ] }, { "date": "2024-12-20", "close": 9.368299, "volume": 7607900, "typical_volume": 3670460.0, "trend": 10.061405, "fair_value": 9.116632, "relative_strength": -6.561926, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.474729, "energy": 57.249704, "activity_lines": [ 9.86853, 9.95016, 10.013166, 10.040551 ] }, { "date": "2024-12-27", "close": 9.633438, "volume": 2957500, "typical_volume": 3650380.0, "trend": 10.047208, "fair_value": 9.12836, "relative_strength": -6.162938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.887906, "energy": 68.567283, "activity_lines": [ 9.757171, 9.883576, 9.973121, 10.01294 ] }, { "date": "2025-01-03", "close": 9.456679, "volume": 1263000, "typical_volume": 3547050.0, "trend": 10.024277, "fair_value": 9.138519, "relative_strength": -6.558676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.696528, "energy": 81.146268, "activity_lines": [ 9.615763, 9.794305, 9.918677, 9.974842 ] }, { "date": "2025-01-10", "close": 9.368299, "volume": 3320500, "typical_volume": 3452260.0, "trend": 10.004083, "fair_value": 9.148548, "relative_strength": -6.065687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.923721, "energy": 84.337793, "activity_lines": [ 9.492031, 9.698475, 9.859091, 9.932521 ] }, { "date": "2025-01-17", "close": 9.279919, "volume": 1990900, "typical_volume": 3246375.0, "trend": 9.980944, "fair_value": 9.158879, "relative_strength": -4.837562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.254107, "energy": 84.824863, "activity_lines": [ 9.391867, 9.59927, 9.795239, 9.8858 ] }, { "date": "2025-01-24", "close": 9.368299, "volume": 946800, "typical_volume": 3115155.0, "trend": 9.957908, "fair_value": 9.169778, "relative_strength": -4.647081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.792451, "energy": 78.893304, "activity_lines": [ 9.374191, 9.530436, 9.743137, 9.846275 ] }, { "date": "2025-01-31", "close": 9.368299, "volume": 1498900, "typical_volume": 3000975.0, "trend": 9.934873, "fair_value": 9.180241, "relative_strength": -1.593092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.199736, "energy": 65.469562, "activity_lines": [ 9.356515, 9.471141, 9.69436, 9.808236 ] }, { "date": "2025-02-07", "close": 9.191538, "volume": 2625900, "typical_volume": 2925945.0, "trend": 9.905946, "fair_value": 9.190006, "relative_strength": -0.841282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.755297, "energy": 59.483698, "activity_lines": [ 9.297595, 9.392402, 9.632486, 9.760278 ] }, { "date": "2025-02-14", "close": 9.368299, "volume": 1074100, "typical_volume": 2809485.0, "trend": 9.882911, "fair_value": 9.199599, "relative_strength": 1.96627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.543788, "energy": 50.365315, "activity_lines": [ 9.315271, 9.363478, 9.591613, 9.725592 ] }, { "date": "2025-02-21", "close": 9.191538, "volume": 2743400, "typical_volume": 2726735.0, "trend": 9.851142, "fair_value": 9.208494, "relative_strength": 2.062261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.238571, "energy": 52.155375, "activity_lines": [ 9.274026, 9.316878, 9.536817, 9.680987 ] }, { "date": "2025-02-28", "close": 9.103158, "volume": 2552900, "typical_volume": 2722910.0, "trend": 9.813585, "fair_value": 9.217258, "relative_strength": 4.564959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.971962, "energy": 55.059838, "activity_lines": [ 9.209214, 9.270277, 9.478184, 9.63273 ] }, { "date": "2025-03-07", "close": 9.281651, "volume": 4100800, "typical_volume": 2646810.0, "trend": 9.78482, "fair_value": 9.228703, "relative_strength": 6.589389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.920282, "energy": 44.358406, "activity_lines": [ 9.221576, 9.260951, 9.441551, 9.598412 ] }, { "date": "2025-03-14", "close": 9.191538, "volume": 1665900, "typical_volume": 2556235.0, "trend": 9.753051, "fair_value": 9.238681, "relative_strength": 7.888505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.92407, "energy": 43.790288, "activity_lines": [ 9.209676, 9.241636, 9.400486, 9.560135 ] }, { "date": "2025-03-21", "close": 9.191538, "volume": 1323100, "typical_volume": 2506230.0, "trend": 9.718101, "fair_value": 9.249993, "relative_strength": 6.529151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.700658, "energy": 45.155108, "activity_lines": [ 9.197777, 9.227142, 9.363175, 9.523909 ] }, { "date": "2025-03-28", "close": 9.101425, "volume": 1470800, "typical_volume": 2432515.0, "trend": 9.688824, "fair_value": 9.259838, "relative_strength": 6.351913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.291344, "energy": 46.46095, "activity_lines": [ 9.167623, 9.199478, 9.321448, 9.484123 ] }, { "date": "2025-04-04", "close": 8.695915, "volume": 3984300, "typical_volume": 2498135.0, "trend": 9.643138, "fair_value": 9.267529, "relative_strength": 6.007457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.996224, "energy": 73.72431, "activity_lines": [ 9.008308, 9.10133, 9.245696, 9.420064 ] }, { "date": "2025-04-11", "close": 8.740973, "volume": 2931200, "typical_volume": 2509310.0, "trend": 9.596061, "fair_value": 9.275953, "relative_strength": 6.036987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.244876, "energy": 81.540714, "activity_lines": [ 8.891161, 9.0236, 9.179936, 9.36186 ] }, { "date": "2025-04-18", "close": 8.921198, "volume": 790100, "typical_volume": 2401730.0, "trend": 9.557884, "fair_value": 9.285532, "relative_strength": 5.992273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.038671, "energy": 72.933616, "activity_lines": [ 8.870134, 8.990044, 9.137652, 9.318321 ] }, { "date": "2025-04-25", "close": 8.966254, "volume": 1428200, "typical_volume": 2395585.0, "trend": 9.524102, "fair_value": 9.295401, "relative_strength": 5.649765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.688022, "energy": 61.883503, "activity_lines": [ 8.882149, 8.969595, 9.105576, 9.280151 ] }, { "date": "2025-05-02", "close": 9.011312, "volume": 779500, "typical_volume": 2352785.0, "trend": 9.486036, "fair_value": 9.306448, "relative_strength": 2.576247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.476651, "energy": 44.200416, "activity_lines": [ 8.924202, 8.964648, 9.083493, 9.247068 ] }, { "date": "2025-05-09", "close": 9.011312, "volume": 1353800, "typical_volume": 2040080.0, "trend": 9.44797, "fair_value": 9.317495, "relative_strength": 1.516977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.543674, "energy": 30.009807, "activity_lines": [ 8.972263, 8.962978, 9.066477, 9.21644 ] }, { "date": "2025-05-16", "close": 9.191538, "volume": 1539100, "typical_volume": 1969160.0, "trend": 9.415912, "fair_value": 9.328807, "relative_strength": 4.813639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.997342, "energy": 19.34294, "activity_lines": [ 9.059372, 8.995747, 9.068326, 9.199896 ] }, { "date": "2025-05-23", "close": 9.296205, "volume": 3319800, "typical_volume": 2072000.0, "trend": 9.393128, "fair_value": 9.339901, "relative_strength": 7.659541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.712212, "energy": 16.955524, "activity_lines": [ 9.151333, 9.049184, 9.082247, 9.192173 ] }, { "date": "2025-05-30", "close": 9.204161, "volume": 1191500, "typical_volume": 1965550.0, "trend": 9.364384, "fair_value": 9.346845, "relative_strength": 8.962266, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.46917, "energy": 18.732149, "activity_lines": [ 9.187612, 9.083983, 9.088166, 9.179982 ] }, { "date": "2025-06-06", "close": 9.204161, "volume": 534600, "typical_volume": 1892735.0, "trend": 9.335639, "fair_value": 9.354679, "relative_strength": 10.044443, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.853761, "energy": 17.665445, "activity_lines": [ 9.20803, 9.118552, 9.094866, 9.169645 ] }, { "date": "2025-06-13", "close": 9.066099, "volume": 1947400, "typical_volume": 1942765.0, "trend": 9.308078, "fair_value": 9.364742, "relative_strength": 9.592991, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.757072, "energy": 14.330572, "activity_lines": [ 9.169571, 9.126151, 9.088779, 9.152255 ] }, { "date": "2025-06-20", "close": 8.974058, "volume": 1189900, "typical_volume": 1927315.0, "trend": 9.271663, "fair_value": 9.375105, "relative_strength": 13.846919, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.300832, "energy": 16.857304, "activity_lines": [ 9.09678, 9.110285, 9.075365, 9.130706 ] }, { "date": "2025-06-27", "close": 9.066099, "volume": 1000400, "typical_volume": 1846040.0, "trend": 9.235075, "fair_value": 9.385169, "relative_strength": 13.253202, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.521779, "energy": 17.704721, "activity_lines": [ 9.069167, 9.106916, 9.072594, 9.117444 ] }, { "date": "2025-07-04", "close": 9.15814, "volume": 663600, "typical_volume": 1825515.0, "trend": 9.201556, "fair_value": 9.396712, "relative_strength": 10.423812, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.604334, "energy": 16.889505, "activity_lines": [ 9.087575, 9.117647, 9.079186, 9.11248 ] }, { "date": "2025-07-11", "close": 9.204161, "volume": 729600, "typical_volume": 1724825.0, "trend": 9.172517, "fair_value": 9.41033, "relative_strength": 10.671833, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.546508, "energy": 11.209525, "activity_lines": [ 9.124392, 9.133257, 9.091162, 9.112648 ] }, { "date": "2025-07-18", "close": 9.296205, "volume": 805000, "typical_volume": 1637430.0, "trend": 9.170114, "fair_value": 9.423203, "relative_strength": 3.844302, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.787769, "energy": 23.628799, "activity_lines": [ 9.19189, 9.162095, 9.111844, 9.120628 ] }, { "date": "2025-07-25", "close": 9.388245, "volume": 1002000, "typical_volume": 1482490.0, "trend": 9.161941, "fair_value": 9.435777, "relative_strength": 3.974424, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.020805, "energy": 49.202582, "activity_lines": [ 9.274727, 9.202488, 9.140373, 9.134701 ] }, { "date": "2025-08-01", "close": 9.480286, "volume": 663200, "typical_volume": 1432355.0, "trend": 9.162727, "fair_value": 9.44894, "relative_strength": 4.894632, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.488365, "energy": 63.207745, "activity_lines": [ 9.360632, 9.25604, 9.177159, 9.155239 ] }, { "date": "2025-08-08", "close": 9.388245, "volume": 1565300, "typical_volume": 1444465.0, "trend": 9.163392, "fair_value": 9.461959, "relative_strength": 0.610213, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.598647, "energy": 70.325887, "activity_lines": [ 9.388245, 9.289509, 9.203805, 9.169789 ] }, { "date": "2025-08-15", "close": 9.480286, "volume": 2376100, "typical_volume": 1489730.0, "trend": 9.170071, "fair_value": 9.475122, "relative_strength": 1.6364, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.941141, "energy": 74.539687, "activity_lines": [ 9.431198, 9.336367, 9.23828, 9.190234 ] }, { "date": "2025-08-22", "close": 9.499097, "volume": 2256000, "typical_volume": 1403315.0, "trend": 9.174431, "fair_value": 9.488397, "relative_strength": 2.322494, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.613095, "energy": 75.600143, "activity_lines": [ 9.462012, 9.381624, 9.272742, 9.211461 ] }, { "date": "2025-08-29", "close": 9.35802, "volume": 2760200, "typical_volume": 1394765.0, "trend": 9.174088, "fair_value": 9.501218, "relative_strength": 2.111171, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.257918, "energy": 53.501524, "activity_lines": [ 9.432275, 9.393358, 9.289944, 9.223305 ] }, { "date": "2025-09-05", "close": 9.499097, "volume": 1444700, "typical_volume": 1427495.0, "trend": 9.18434, "fair_value": 9.514942, "relative_strength": 1.219758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.238158, "energy": 48.32753, "activity_lines": [ 9.451578, 9.423762, 9.317643, 9.244274 ] }, { "date": "2025-09-12", "close": 9.499097, "volume": 2008200, "typical_volume": 1456495.0, "trend": 9.1887, "fair_value": 9.52687, "relative_strength": -1.090353, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.15021, "energy": 45.542283, "activity_lines": [ 9.469628, 9.446292, 9.342591, 9.264581 ] }, { "date": "2025-09-19", "close": 9.499097, "volume": 1534600, "typical_volume": 1494250.0, "trend": 9.198952, "fair_value": 9.539696, "relative_strength": -1.127474, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.483412, "energy": 43.924545, "activity_lines": [ 9.480287, 9.462624, 9.365001, 9.284606 ] }, { "date": "2025-09-26", "close": 9.405046, "volume": 1519100, "typical_volume": 1502515.0, "trend": 9.209015, "fair_value": 9.552818, "relative_strength": -1.157178, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.413706, "energy": 40.468067, "activity_lines": [ 9.458342, 9.456493, 9.376131, 9.297903 ] }, { "date": "2025-10-03", "close": 9.593146, "volume": 1861300, "typical_volume": 1518625.0, "trend": 9.219398, "fair_value": 9.567146, "relative_strength": -0.438481, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.665658, "energy": 46.89263, "activity_lines": [ 9.505366, 9.482582, 9.4033, 9.322685 ] }, { "date": "2025-10-10", "close": 9.593146, "volume": 757600, "typical_volume": 1390515.0, "trend": 9.232785, "fair_value": 9.581922, "relative_strength": -0.066835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.011876, "energy": 50.621868, "activity_lines": [ 9.536716, 9.504947, 9.428557, 9.346798 ] }, { "date": "2025-10-17", "close": 9.593146, "volume": 643900, "typical_volume": 1363135.0, "trend": 9.246172, "fair_value": 9.597148, "relative_strength": 0.718322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.294, "energy": 53.804323, "activity_lines": [ 9.561796, 9.525259, 9.4524, 9.370047 ] }, { "date": "2025-10-24", "close": 9.499097, "volume": 606100, "typical_volume": 1366710.0, "trend": 9.259428, "fair_value": 9.611771, "relative_strength": -3.354145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.676492, "energy": 52.644385, "activity_lines": [ 9.549256, 9.524746, 9.465434, 9.386365 ] }, { "date": "2025-10-31", "close": 9.687197, "volume": 940900, "typical_volume": 1316385.0, "trend": 9.292471, "fair_value": 9.627151, "relative_strength": -1.241085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.494409, "energy": 57.539007, "activity_lines": [ 9.599417, 9.558091, 9.494977, 9.413963 ] }, { "date": "2025-11-07", "close": 9.687197, "volume": 1643900, "typical_volume": 1339085.0, "trend": 9.324012, "fair_value": 9.64298, "relative_strength": -0.884647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.699349, "energy": 54.689808, "activity_lines": [ 9.630767, 9.588017, 9.521563, 9.439429 ] }, { "date": "2025-11-14", "close": 9.687197, "volume": 1890300, "typical_volume": 1383580.0, "trend": 9.349545, "fair_value": 9.657461, "relative_strength": 1.541417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.857811, "energy": 50.912427, "activity_lines": [ 9.655847, 9.611957, 9.544753, 9.46286 ] }, { "date": "2025-11-21", "close": 9.687197, "volume": 2379000, "typical_volume": 1469350.0, "trend": 9.373576, "fair_value": 9.672164, "relative_strength": 2.54428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.59646, "energy": 56.781396, "activity_lines": [ 9.674657, 9.632477, 9.564985, 9.484644 ] }, { "date": "2025-11-28", "close": 9.800464, "volume": 2344300, "typical_volume": 1550085.0, "trend": 9.399881, "fair_value": 9.687136, "relative_strength": 3.375025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.738273, "energy": 63.265712, "activity_lines": [ 9.724953, 9.670171, 9.593486, 9.512185 ] }, { "date": "2025-12-05", "close": 9.704382, "volume": 479300, "typical_volume": 1533800.0, "trend": 9.422984, "fair_value": 9.700126, "relative_strength": 0.829974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.295814, "energy": 52.05019, "activity_lines": [ 9.72313, 9.684916, 9.609996, 9.531831 ] }, { "date": "2025-12-12", "close": 9.896547, "volume": 1618000, "typical_volume": 1564600.0, "trend": 9.446484, "fair_value": 9.715259, "relative_strength": 4.212911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.824833, "energy": 70.229283, "activity_lines": [ 9.784216, 9.729158, 9.642864, 9.562383 ] }, { "date": "2025-12-19", "close": 9.896547, "volume": 1936900, "typical_volume": 1628285.0, "trend": 9.466495, "fair_value": 9.730848, "relative_strength": 4.096796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.62786, "energy": 71.405891, "activity_lines": [ 9.831346, 9.767883, 9.673311, 9.591419 ] }, { "date": "2025-12-26", "close": 9.99263, "volume": 1027500, "typical_volume": 1601395.0, "trend": 9.492778, "fair_value": 9.74523, "relative_strength": 4.237884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.678317, "energy": 73.809848, "activity_lines": [ 9.896547, 9.818562, 9.710927, 9.625364 ] }, { "date": "2026-01-02", "close": 9.99263, "volume": 302600, "typical_volume": 1497720.0, "trend": 9.51906, "fair_value": 9.751409, "relative_strength": 3.913426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.30612, "energy": 80.90102, "activity_lines": [ 9.941386, 9.861977, 9.745665, 9.657612 ] }, { "date": "2026-01-09", "close": 10.088714, "volume": 1659600, "typical_volume": 1467900.0, "trend": 9.553147, "fair_value": 9.756381, "relative_strength": 5.062762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.634694, "energy": 77.371134, "activity_lines": [ 10.005441, 9.913889, 9.787114, 9.694364 ] }, { "date": "2026-01-16", "close": 10.088714, "volume": 1816600, "typical_volume": 1420720.0, "trend": 9.590302, "fair_value": 9.764087, "relative_strength": 3.035728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.956083, "energy": 75.773063, "activity_lines": [ 10.043875, 9.958501, 9.825756, 9.728917 ] }, { "date": "2026-01-23", "close": 10.184797, "volume": 3583900, "typical_volume": 1527680.0, "trend": 9.627592, "fair_value": 9.770131, "relative_strength": 0.737797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.553952, "energy": 74.391398, "activity_lines": [ 10.101525, 10.013282, 9.870068, 9.767271 ] }, { "date": "2026-01-30", "close": 10.184797, "volume": 1497600, "typical_volume": 1502150.0, "trend": 9.661814, "fair_value": 9.775719, "relative_strength": -0.254294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.659243, "energy": 66.874072, "activity_lines": [ 10.139958, 10.059015, 9.911116, 9.80322 ] }, { "date": "2026-02-06", "close": 10.473044, "volume": 1562200, "typical_volume": 1503530.0, "trend": 9.70411, "fair_value": 9.784066, "relative_strength": 0.27647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.439783, "energy": 87.016224, "activity_lines": [ 10.261663, 10.14811, 9.97635, 9.855557 ] }, { "date": "2026-02-13", "close": 10.665212, "volume": 2980300, "typical_volume": 1576590.0, "trend": 9.749744, "fair_value": 9.798202, "relative_strength": -3.359817, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.289952, "energy": 93.384971, "activity_lines": [ 10.415396, 10.259916, 10.055248, 9.917564 ] }, { "date": "2026-02-20", "close": 10.857378, "volume": 2972300, "typical_volume": 1632140.0, "trend": 9.798715, "fair_value": 9.806278, "relative_strength": -4.887325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.962674, "energy": 96.311296, "activity_lines": [ 10.594751, 10.389191, 10.146447, 9.989024 ] }, { "date": "2026-02-27", "close": 10.761294, "volume": 2239500, "typical_volume": 1706235.0, "trend": 9.841415, "fair_value": 9.812827, "relative_strength": -8.605161, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.318267, "energy": 91.88762, "activity_lines": [ 10.690834, 10.483527, 10.222475, 10.051126 ] }, { "date": "2026-03-06", "close": 10.68678, "volume": 54728100, "typical_volume": 4410445.0, "trend": 9.8847, "fair_value": 9.817117, "relative_strength": -1.615938, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.015197, "energy": 83.97107, "activity_lines": [ 10.723645, 10.548593, 10.285843, 10.105666 ] }, { "date": "2026-03-13", "close": 10.882869, "volume": 30691600, "typical_volume": 5914720.0, "trend": 9.931453, "fair_value": 9.824071, "relative_strength": 0.289079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.233062, "energy": 69.633306, "activity_lines": [ 10.788354, 10.636689, 10.362679, 10.170064 ] }, { "date": "2026-03-20", "close": 10.882869, "volume": 49236492, "typical_volume": 8329499.6, "trend": 9.977578, "fair_value": 9.830555, "relative_strength": -1.328045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.116087, "energy": 66.769375, "activity_lines": [ 10.825742, 10.7086, 10.432926, 10.231445 ] }, { "date": "2026-03-27", "close": 10.882869, "volume": 2464300, "typical_volume": 8370519.6, "trend": 10.028407, "fair_value": 9.834228, "relative_strength": -2.232498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.343091, "energy": 64.202293, "activity_lines": [ 10.848619, 10.766072, 10.497479, 10.289851 ] }, { "date": "2026-04-03", "close": 10.882869, "volume": 2729000, "typical_volume": 8412454.6, "trend": 10.074532, "fair_value": 9.840244, "relative_strength": -2.640554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.783459, "energy": 60.912362, "activity_lines": [ 10.869796, 10.809104, 10.556338, 10.344978 ] }, { "date": "2026-04-10", "close": 10.882869, "volume": 1604500, "typical_volume": 8373729.6, "trend": 10.120658, "fair_value": 9.84626, "relative_strength": -5.931743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.586995, "energy": 58.203956, "activity_lines": [ 10.882869, 10.839444, 10.609504, 10.397129 ] }, { "date": "2026-04-17", "close": 10.980912, "volume": 1679300, "typical_volume": 8340479.6, "trend": 10.170052, "fair_value": 9.856185, "relative_strength": -3.439515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.261663, "energy": 58.009997, "activity_lines": [ 10.91555, 10.874918, 10.666313, 10.452629 ] }, { "date": "2026-04-24", "close": 10.882869, "volume": 2977200, "typical_volume": 8465374.6, "trend": 10.219313, "fair_value": 9.867357, "relative_strength": -2.505784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.350819, "energy": 51.087013, "activity_lines": [ 10.909014, 10.883332, 10.708164, 10.498617 ] }, { "date": "2026-05-01", "close": 10.882869, "volume": 2362200, "typical_volume": 8502584.6, "trend": 10.262303, "fair_value": 9.878041, "relative_strength": -4.904461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.392254, "energy": 46.278445, "activity_lines": [ 10.902478, 10.887789, 10.744403, 10.541427 ] }, { "date": "2026-05-08", "close": 10.882869, "volume": 3235800, "typical_volume": 8567529.6, "trend": 10.305294, "fair_value": 9.886771, "relative_strength": -5.282506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.963987, "energy": 43.237413, "activity_lines": [ 10.895941, 10.891782, 10.775945, 10.581464 ] }, { "date": "2026-05-15", "close": 10.980912, "volume": 3884900, "typical_volume": 8710399.6, "trend": 10.351553, "fair_value": 9.895154, "relative_strength": -5.429172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.184928, "energy": 43.630163, "activity_lines": [ 10.922086, 10.911391, 10.812128, 10.625052 ] }, { "date": "2026-05-22", "close": 11.2, "volume": 17033900, "typical_volume": 9546964.6, "trend": 10.40825, "fair_value": 9.903212, "relative_strength": -4.691847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.632768, "energy": 53.780781, "activity_lines": [ 11.014724, 10.965486, 10.86447, 10.67979 ] }, { "date": "2026-05-29", "close": 11.2, "volume": 2219000, "typical_volume": 9574934.6, "trend": 10.458677, "fair_value": 9.912775, "relative_strength": -6.291834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.327812, "energy": 57.766299, "activity_lines": [ 11.092756, 11.013815, 10.911063, 10.730871 ] }, { "date": "2026-06-05", "close": 11.3, "volume": 155200, "typical_volume": 9491864.6, "trend": 10.512437, "fair_value": 9.921474, "relative_strength": -6.077951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.5953, "energy": 80.595992, "activity_lines": [ 11.18298, 11.074559, 10.961888, 10.78515 ] }, { "date": "2026-06-12", "close": 11.5, "volume": 405100, "typical_volume": 9332924.6, "trend": 10.572863, "fair_value": 9.93296, "relative_strength": -4.798918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.803951, "energy": 94.10369, "activity_lines": [ 11.312061, 11.164084, 11.025992, 10.848864 ] }, { "date": "2026-06-19", "close": 11.7, "volume": 19831600, "typical_volume": 10249624.6, "trend": 10.639957, "fair_value": 9.947736, "relative_strength": -1.676318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.448943, "energy": 96.453224, "activity_lines": [ 11.466667, 11.278751, 11.102881, 10.921582 ] }, { "date": "2026-06-26", "close": 11.8, "volume": 498700, "typical_volume": 10196449.6, "trend": 10.706608, "fair_value": 9.965662, "relative_strength": 1.289817, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.862473, "energy": 96.409546, "activity_lines": [ 11.606667, 11.396743, 11.182079, 10.996424 ] }, { "date": "2026-07-03", "close": 11.9, "volume": 404500, "typical_volume": 10067659.6, "trend": 10.779795, "fair_value": 9.983226, "relative_strength": -2.024757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.417282, "energy": 95.707069, "activity_lines": [ 11.74, 11.518024, 11.264482, 11.073417 ] }, { "date": "2026-07-10", "close": 12.0, "volume": 2010500, "typical_volume": 10019569.6, "trend": 10.84991, "fair_value": 10.002434, "relative_strength": -1.624037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.116131, "energy": 94.760135, "activity_lines": [ 11.86, 11.638994, 11.350528, 11.15214 ] }, { "date": "2026-07-17", "close": 12.1, "volume": 2283100, "typical_volume": 10021749.6, "trend": 10.923359, "fair_value": 10.017767, "relative_strength": -1.781837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.949977, "energy": 93.39791, "activity_lines": [ 11.966667, 11.757835, 11.440657, 11.232791 ] }, { "date": "2026-07-24", "close": 12.4, "volume": 3773500, "typical_volume": 7474019.6, "trend": 11.003605, "fair_value": 10.035022, "relative_strength": 0.411477, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.029918, "energy": 91.772609, "activity_lines": [ 12.133333, 11.909091, 11.552983, 11.328058 ] }, { "date": "2026-07-31", "close": 12.5, "volume": 942800, "typical_volume": 5986579.6, "trend": 11.087184, "fair_value": 10.053421, "relative_strength": 2.387798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.154551, "energy": 89.882417, "activity_lines": [ 12.286667, 12.052727, 11.666675, 11.424599 ] }, { "date": "2026-08-07", "close": 12.3, "volume": 2145500, "typical_volume": 3632030.0, "trend": 11.160893, "fair_value": 10.06853, "relative_strength": 1.389546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.408218, "energy": 68.460829, "activity_lines": [ 12.326667, 12.136364, 11.753618, 11.502846 ] } ], "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." } } }