{ "ticker": { "uuid": "92250ecb-d5c1-4363-845a-3d4c63fe6925", "symbol": "600021", "name": "Shanghai Electric Power Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -58.402, "architecture_energy": 45.492, "architecture_maturity": 71.569, "architecture_confidence": 82.862, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 20.69, "rotation_up": 21.18, "upward_expansion": 6.56, "deceleration": 59.39, "rotation_down": 52.13, "downward_expansion": 77.56 }, "activity_lines": [ 14.578667, 14.868787, 15.987255, 16.892408 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 14.87, "trend_reference": 18.222721, "distance_from_trend": -0.183986, "trend_direction": "Weakening", "fair_value": 12.289169, "distance_from_fair_value": 0.210009, "fair_value_direction": "Weakening", "relative_strength": -22.89457, "relative_strength_direction": "Weakening", "price_momentum": -0.300893, "excess_performance": -0.257689, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.183986, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.126525, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.210009, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.270843, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.228946, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.150024, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.300893, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.322501, "read": "Demand-led" } ], "volume": { "latest": 206332488, "relative_activity": 0.828327, "balance": 1.322501, "dry_up": 1.248407, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.1294, "annualized_volatility": 0.543478, "from_high_reference": -0.532096, "from_low_reference": 0.53299 }, "levels": { "trend_reference": 18.222721, "fair_value_reference": 12.289169, "structural_low": 13.26, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.001445, "positive_rate": 0.529412, "directional_follow_through": 0.470588, "median_excess_return": -0.000905, "regime_survival": 0.764706, "best_return": 0.310588, "worst_return": -0.309077, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.004603, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": 0.017624, "regime_survival": 0.428571, "best_return": 0.407514, "worst_return": -0.138329, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.03782, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": 0.058642, "regime_survival": 0.2, "best_return": 0.854046, "worst_return": -0.054777, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.436416, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.512513, "regime_survival": 0.0, "best_return": 1.257521, "worst_return": -0.090525, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-04-12", "end": "2024-05-03", "tenure": "New", "return": 0.007675, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-10", "end": "2024-07-19", "tenure": "Developing", "return": 0.037884, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-26", "end": "2024-08-23", "tenure": "Developing", "return": -0.111111, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-30", "end": "2024-09-27", "tenure": "Developing", "return": 0.049065, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-04", "end": "2024-10-25", "tenure": "New", "return": -0.038263, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-01", "end": "2024-12-13", "tenure": "Developing", "return": -0.01357, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": -0.078749, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": 0.006865, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-03-14", "tenure": "New", "return": 0.048975, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-07-11", "tenure": "Established", "return": 0.011642, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-12-05", "tenure": "Established", "return": 1.191209, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2026-02-06", "tenure": "Developing", "return": 0.006903, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-27", "tenure": "Developing", "return": -0.046627, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.142939, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 9.695386, "volume": 153801760, "typical_volume": 267613521.75, "trend": 9.911601, "fair_value": 8.706452, "relative_strength": -1.949272, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.615806, "energy": 15.04613, "activity_lines": [ 9.897967, 10.061758, 10.113845, 10.0304 ] }, { "date": "2023-08-04", "close": 9.742867, "volume": 148747663, "typical_volume": 266180941.7, "trend": 9.920527, "fair_value": 8.72362, "relative_strength": -1.88689, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.686056, "energy": 19.670984, "activity_lines": [ 9.806806, 9.979748, 10.086546, 10.019514 ] }, { "date": "2023-08-11", "close": 9.410507, "volume": 111656435, "typical_volume": 262815642.25, "trend": 9.900073, "fair_value": 8.738896, "relative_strength": -2.382287, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.164667, "energy": 41.624554, "activity_lines": [ 9.637145, 9.848013, 10.028346, 9.986609 ] }, { "date": "2023-08-18", "close": 9.258572, "volume": 88907002, "typical_volume": 260170086.5, "trend": 9.905476, "fair_value": 8.751346, "relative_strength": -2.388526, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.637018, "energy": 53.050491, "activity_lines": [ 9.483943, 9.712479, 9.956075, 9.945222 ] }, { "date": "2023-08-25", "close": 8.736293, "volume": 123126442, "typical_volume": 261795208.65, "trend": 9.886843, "fair_value": 8.761762, "relative_strength": -5.964848, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.362429, "energy": 78.301157, "activity_lines": [ 9.20856, 9.505467, 9.834733, 9.869791 ] }, { "date": "2023-09-01", "close": 8.536878, "volume": 164616470, "typical_volume": 257770241.0, "trend": 9.842002, "fair_value": 8.769706, "relative_strength": -9.967286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.686198, "energy": 86.692838, "activity_lines": [ 8.931277, 9.288441, 9.697376, 9.782696 ] }, { "date": "2023-09-08", "close": 8.726796, "volume": 179705225, "typical_volume": 258039386.55, "trend": 9.793078, "fair_value": 8.779046, "relative_strength": -7.351017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.776445, "energy": 85.038024, "activity_lines": [ 8.794535, 9.133915, 9.584874, 9.710747 ] }, { "date": "2023-09-15", "close": 8.717301, "volume": 148079410, "typical_volume": 251988330.5, "trend": 9.75993, "fair_value": 8.789041, "relative_strength": -7.44229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.942369, "energy": 86.02182, "activity_lines": [ 8.722365, 9.004943, 9.474895, 9.641342 ] }, { "date": "2023-09-22", "close": 8.631837, "volume": 83647041, "typical_volume": 247915591.2, "trend": 9.729927, "fair_value": 8.799266, "relative_strength": -8.272347, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.400735, "energy": 85.344745, "activity_lines": [ 8.667922, 8.891336, 9.362414, 9.568562 ] }, { "date": "2023-09-29", "close": 8.422926, "volume": 82209907, "typical_volume": 223005931.0, "trend": 9.679078, "fair_value": 8.808032, "relative_strength": -9.689706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.854547, "energy": 85.801696, "activity_lines": [ 8.585623, 8.765299, 9.237253, 9.48424 ] }, { "date": "2023-10-13", "close": 8.261495, "volume": 93075838, "typical_volume": 206244012.0, "trend": 9.634523, "fair_value": 8.815107, "relative_strength": -10.558747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.514266, "energy": 84.311191, "activity_lines": [ 8.470406, 8.633219, 9.107993, 9.392783 ] }, { "date": "2023-10-20", "close": 8.147543, "volume": 148611327, "typical_volume": 194772924.0, "trend": 9.576072, "fair_value": 8.822884, "relative_strength": -8.638045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.242024, "energy": 85.497619, "activity_lines": [ 8.335563, 8.506491, 8.977355, 9.296848 ] }, { "date": "2023-10-27", "close": 8.337461, "volume": 104969089, "typical_volume": 175612458.35, "trend": 9.537519, "fair_value": 8.831461, "relative_strength": -7.377875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.982521, "energy": 77.527752, "activity_lines": [ 8.302643, 8.443299, 8.875205, 9.216938 ] }, { "date": "2023-11-03", "close": 8.31847, "volume": 92844544, "typical_volume": 167058451.1, "trend": 9.501489, "fair_value": 8.839259, "relative_strength": -7.713536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.313437, "energy": 68.720896, "activity_lines": [ 8.288716, 8.396164, 8.782597, 9.13829 ] }, { "date": "2023-11-10", "close": 8.403934, "volume": 101916744, "typical_volume": 159300478.65, "trend": 9.469569, "fair_value": 8.847485, "relative_strength": -6.871222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.555313, "energy": 59.719913, "activity_lines": [ 8.324168, 8.381661, 8.708755, 9.06748 ] }, { "date": "2023-11-17", "close": 8.565366, "volume": 126245214, "typical_volume": 157115456.6, "trend": 9.423152, "fair_value": 8.858, "relative_strength": -5.437717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.655096, "energy": 45.286642, "activity_lines": [ 8.414696, 8.402553, 8.658743, 9.009144 ] }, { "date": "2023-11-24", "close": 8.365952, "volume": 77785925, "typical_volume": 140610657.0, "trend": 9.387127, "fair_value": 8.868911, "relative_strength": -7.088769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.598598, "energy": 41.994466, "activity_lines": [ 8.418495, 8.386669, 8.596928, 8.940938 ] }, { "date": "2023-12-01", "close": 8.356454, "volume": 66704213, "typical_volume": 130586055.9, "trend": 9.33564, "fair_value": 8.879401, "relative_strength": -6.775085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.199233, "energy": 41.260058, "activity_lines": [ 8.404568, 8.375619, 8.543073, 8.874443 ] }, { "date": "2023-12-08", "close": 8.251999, "volume": 61341392, "typical_volume": 116590793.2, "trend": 9.272468, "fair_value": 8.889641, "relative_strength": -5.858178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.027004, "energy": 47.364158, "activity_lines": [ 8.354556, 8.352138, 8.489081, 8.80453 ] }, { "date": "2023-12-15", "close": 8.204518, "volume": 65632808, "typical_volume": 111181222.45, "trend": 9.186257, "fair_value": 8.89862, "relative_strength": -5.383211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.8217, "energy": 56.253155, "activity_lines": [ 8.293148, 8.32693, 8.439069, 8.73563 ] }, { "date": "2023-12-22", "close": 8.100063, "volume": 68228055, "typical_volume": 106902537.2, "trend": 9.114549, "fair_value": 8.905496, "relative_strength": -5.627498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.329667, "energy": 62.146862, "activity_lines": [ 8.210216, 8.286702, 8.386254, 8.665553 ] }, { "date": "2023-12-29", "close": 8.033591, "volume": 59211003, "typical_volume": 102425704.2, "trend": 9.037948, "fair_value": 8.912423, "relative_strength": -8.174218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.751711, "energy": 64.695317, "activity_lines": [ 8.136148, 8.237323, 8.334704, 8.595814 ] }, { "date": "2024-01-05", "close": 8.109559, "volume": 76505985, "typical_volume": 100668181.7, "trend": 8.950902, "fair_value": 8.922108, "relative_strength": -5.815595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.035971, "energy": 56.601949, "activity_lines": [ 8.109559, 8.203828, 8.298529, 8.535918 ] }, { "date": "2024-01-12", "close": 7.938631, "volume": 73608818, "typical_volume": 99903272.5, "trend": 8.863856, "fair_value": 8.929682, "relative_strength": -6.098656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.1217, "energy": 58.954825, "activity_lines": [ 8.042454, 8.143399, 8.25227, 8.47061 ] }, { "date": "2024-01-19", "close": 7.454337, "volume": 82114652, "typical_volume": 97852683.0, "trend": 8.773011, "fair_value": 8.933613, "relative_strength": -9.959608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.728471, "energy": 78.130393, "activity_lines": [ 7.834809, 8.001823, 8.166173, 8.379673 ] }, { "date": "2024-01-26", "close": 7.710728, "volume": 136447533, "typical_volume": 96444236.15, "trend": 8.694194, "fair_value": 8.940503, "relative_strength": -9.239349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.357963, "energy": 61.48787, "activity_lines": [ 7.762639, 7.924128, 8.110599, 8.311139 ] }, { "date": "2024-02-02", "close": 7.254921, "volume": 127478004, "typical_volume": 93832875.1, "trend": 8.59512, "fair_value": 8.944111, "relative_strength": -8.858202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.653703, "energy": 71.155876, "activity_lines": [ 7.56449, 7.779099, 8.015549, 8.218283 ] }, { "date": "2024-02-09", "close": 7.891152, "volume": 151580853, "typical_volume": 94007947.25, "trend": 8.510922, "fair_value": 8.952277, "relative_strength": -5.389735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.249897, "energy": 50.277979, "activity_lines": [ 7.630329, 7.769948, 7.988101, 8.172865 ] }, { "date": "2024-02-23", "close": 7.957624, "volume": 123858820, "typical_volume": 96018536.2, "trend": 8.441601, "fair_value": 8.961227, "relative_strength": -8.716947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.921002, "energy": 40.008801, "activity_lines": [ 7.732886, 7.781344, 7.970918, 8.137169 ] }, { "date": "2024-03-01", "close": 7.938631, "volume": 142152034, "typical_volume": 99015642.55, "trend": 8.382726, "fair_value": 8.971549, "relative_strength": -9.366709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.270777, "energy": 28.020978, "activity_lines": [ 7.827845, 7.794638, 7.955136, 8.104719 ] }, { "date": "2024-03-08", "close": 8.27099, "volume": 193535379, "typical_volume": 104038619.6, "trend": 8.335247, "fair_value": 8.985076, "relative_strength": -6.034993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.465223, "energy": 17.289117, "activity_lines": [ 8.001305, 7.873195, 7.973314, 8.09751 ] }, { "date": "2024-03-15", "close": 8.214014, "volume": 151151217, "typical_volume": 104165614.1, "trend": 8.284285, "fair_value": 8.997821, "relative_strength": -6.759429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.946862, "energy": 18.079503, "activity_lines": [ 8.118422, 7.938286, 7.986021, 8.089689 ] }, { "date": "2024-03-22", "close": 8.071575, "volume": 99987958, "typical_volume": 103916557.55, "trend": 8.239654, "fair_value": 9.008815, "relative_strength": -7.979433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.698216, "energy": 17.835321, "activity_lines": [ 8.124119, 7.974198, 7.984845, 8.075966 ] }, { "date": "2024-03-29", "close": 8.242503, "volume": 75875232, "typical_volume": 103068091.95, "trend": 8.205785, "fair_value": 9.021085, "relative_strength": -5.606845, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.527594, "energy": 13.68551, "activity_lines": [ 8.174765, 8.041878, 8.001214, 8.076149 ] }, { "date": "2024-04-05", "close": 8.346958, "volume": 86581451, "typical_volume": 102301327.3, "trend": 8.192807, "fair_value": 9.031097, "relative_strength": -5.167421, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.312471, "energy": 18.99046, "activity_lines": [ 8.241236, 8.123026, 8.027894, 8.085257 ] }, { "date": "2024-04-12", "close": 8.660325, "volume": 319286816, "typical_volume": 111953407.4, "trend": 8.196922, "fair_value": 9.038816, "relative_strength": 0.018865, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.115586, "energy": 35.042648, "activity_lines": [ 8.384942, 8.24492, 8.084688, 8.11542 ] }, { "date": "2024-04-19", "close": 8.60335, "volume": 235237974, "typical_volume": 119826009.85, "trend": 8.192807, "fair_value": 9.045393, "relative_strength": -2.119047, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.283156, "energy": 42.505636, "activity_lines": [ 8.4837, 8.339189, 8.135605, 8.141641 ] }, { "date": "2024-04-26", "close": 8.584357, "volume": 139652095, "typical_volume": 123473403.95, "trend": 8.188375, "fair_value": 9.050294, "relative_strength": -2.941666, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.72498, "energy": 48.010211, "activity_lines": [ 8.550172, 8.405488, 8.183582, 8.166902 ] }, { "date": "2024-05-03", "close": 8.726796, "volume": 78266791, "typical_volume": 124319673.9, "trend": 8.191541, "fair_value": 9.059933, "relative_strength": -1.812148, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.683648, "energy": 64.760859, "activity_lines": [ 8.629938, 8.485081, 8.24404, 8.201639 ] }, { "date": "2024-05-10", "close": 9.049661, "volume": 235290000, "typical_volume": 132802533.5, "trend": 8.212432, "fair_value": 9.072, "relative_strength": 0.290085, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.600035, "energy": 75.96538, "activity_lines": [ 8.785039, 8.609392, 8.332985, 8.257002 ] }, { "date": "2024-05-17", "close": 8.85974, "volume": 244577962, "typical_volume": 141620028.85, "trend": 8.232373, "fair_value": 9.085, "relative_strength": -1.643659, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.233885, "energy": 76.360912, "activity_lines": [ 8.829986, 8.678972, 8.399819, 8.298764 ] }, { "date": "2024-05-24", "close": 9.562442, "volume": 401412513, "typical_volume": 158730104.35, "trend": 8.279537, "fair_value": 9.103998, "relative_strength": 8.544093, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.634093, "energy": 87.923547, "activity_lines": [ 9.095873, 8.865611, 8.529959, 8.384574 ] }, { "date": "2024-05-31", "close": 9.54345, "volume": 553245564, "typical_volume": 182567083.3, "trend": 8.319736, "fair_value": 9.123114, "relative_strength": 8.422922, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.039004, "energy": 86.498787, "activity_lines": [ 9.29149, 9.02428, 8.65101, 8.466117 ] }, { "date": "2024-06-07", "close": 9.913794, "volume": 306972328, "typical_volume": 194235258.8, "trend": 8.372914, "fair_value": 9.143767, "relative_strength": 13.91669, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.10695, "energy": 91.564588, "activity_lines": [ 9.546616, 9.223523, 8.800504, 8.56896 ] }, { "date": "2024-06-14", "close": 9.666899, "volume": 154296717, "typical_volume": 197844362.05, "trend": 8.415013, "fair_value": 9.163434, "relative_strength": 11.861824, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.140761, "energy": 85.181008, "activity_lines": [ 9.64031, 9.347488, 8.917078, 8.652443 ] }, { "date": "2024-06-21", "close": 9.3925, "volume": 133134317, "typical_volume": 197678701.25, "trend": 8.442584, "fair_value": 9.179909, "relative_strength": 10.035138, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.174342, "energy": 68.55384, "activity_lines": [ 9.601388, 9.397564, 8.996983, 8.715506 ] }, { "date": "2024-06-28", "close": 9.58636, "volume": 158580835, "typical_volume": 199233842.8, "trend": 8.483264, "fair_value": 9.19925, "relative_strength": 13.377049, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.233959, "energy": 55.751431, "activity_lines": [ 9.591569, 9.469575, 9.087343, 8.789298 ] }, { "date": "2024-07-05", "close": 9.702676, "volume": 121506116, "typical_volume": 197730105.95, "trend": 8.528138, "fair_value": 9.21964, "relative_strength": 15.32446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.847782, "energy": 50.391073, "activity_lines": [ 9.618927, 9.544862, 9.177678, 8.86797 ] }, { "date": "2024-07-12", "close": 9.431272, "volume": 184493651, "typical_volume": 200761847.5, "trend": 8.567447, "fair_value": 9.237866, "relative_strength": 11.307537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.659674, "energy": 38.000439, "activity_lines": [ 9.545203, 9.550469, 9.233539, 8.926237 ] }, { "date": "2024-07-19", "close": 9.3925, "volume": 120346385, "typical_volume": 199671565.05, "trend": 8.607047, "fair_value": 9.257117, "relative_strength": 10.522091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.39474, "energy": 33.876175, "activity_lines": [ 9.490722, 9.536219, 9.27869, 8.979466 ] }, { "date": "2024-07-26", "close": 9.247106, "volume": 116552304, "typical_volume": 195822411.3, "trend": 8.645281, "fair_value": 9.275012, "relative_strength": 12.177284, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.965886, "energy": 25.832829, "activity_lines": [ 9.406071, 9.489299, 9.303071, 9.02076 ] }, { "date": "2024-08-02", "close": 8.93693, "volume": 121074945, "typical_volume": 194318597.7, "trend": 8.675393, "fair_value": 9.2911, "relative_strength": 7.866635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.998277, "energy": 18.292913, "activity_lines": [ 9.22772, 9.378941, 9.293263, 9.039576 ] }, { "date": "2024-08-09", "close": 8.636447, "volume": 103712664, "typical_volume": 194504833.0, "trend": 8.692956, "fair_value": 9.30514, "relative_strength": 5.7699, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.15814, "energy": 15.7999, "activity_lines": [ 8.992503, 9.225322, 9.251395, 9.037063 ] }, { "date": "2024-08-16", "close": 8.626754, "volume": 75887728, "typical_volume": 194505457.8, "trend": 8.715893, "fair_value": 9.318452, "relative_strength": 4.995485, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.521854, "energy": 23.761859, "activity_lines": [ 8.825137, 9.086433, 9.205914, 9.032792 ] }, { "date": "2024-08-23", "close": 8.219648, "volume": 70408413, "typical_volume": 193696805.9, "trend": 8.741403, "fair_value": 9.329335, "relative_strength": 0.967341, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.807683, "energy": 53.024009, "activity_lines": [ 8.575704, 8.896924, 9.119831, 9.000777 ] }, { "date": "2024-08-30", "close": 8.297194, "volume": 83115711, "typical_volume": 181888250.65, "trend": 8.760952, "fair_value": 9.341444, "relative_strength": 2.381188, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.645267, "energy": 64.00849, "activity_lines": [ 8.43031, 8.747829, 9.04174, 8.972118 ] }, { "date": "2024-09-06", "close": 8.142105, "volume": 67063363, "typical_volume": 173479520.1, "trend": 8.790525, "fair_value": 9.352133, "relative_strength": 3.178521, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.751411, "energy": 68.709362, "activity_lines": [ 8.296547, 8.59045, 8.950608, 8.932192 ] }, { "date": "2024-09-13", "close": 7.764079, "volume": 70655349, "typical_volume": 170029682.8, "trend": 8.786289, "fair_value": 9.359854, "relative_strength": 0.534296, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.501393, "energy": 78.072763, "activity_lines": [ 8.089763, 8.390598, 8.82567, 8.86597 ] }, { "date": "2024-09-20", "close": 7.851316, "volume": 37759954, "typical_volume": 168004340.95, "trend": 8.782746, "fair_value": 9.368194, "relative_strength": 0.401806, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.8067, "energy": 75.280031, "activity_lines": [ 7.970216, 8.241855, 8.712946, 8.805649 ] }, { "date": "2024-09-27", "close": 8.704298, "volume": 134664098, "typical_volume": 162973045.85, "trend": 8.808268, "fair_value": 9.380789, "relative_strength": -1.349477, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.68034, "energy": 52.316285, "activity_lines": [ 8.186693, 8.276926, 8.685627, 8.800588 ] }, { "date": "2024-10-04", "close": 9.373114, "volume": 102892382, "typical_volume": 155888766.85, "trend": 8.845005, "fair_value": 9.394273, "relative_strength": -1.731771, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.980077, "energy": 16.929431, "activity_lines": [ 8.593798, 8.446112, 8.72365, 8.83703 ] }, { "date": "2024-10-11", "close": 8.64614, "volume": 457490814, "typical_volume": 158692681.9, "trend": 8.85941, "fair_value": 9.394784, "relative_strength": -5.994641, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.794046, "energy": 23.518108, "activity_lines": [ 8.686851, 8.480831, 8.689992, 8.8242 ] }, { "date": "2024-10-18", "close": 8.927237, "volume": 267364997, "typical_volume": 144398653.55, "trend": 8.887932, "fair_value": 9.393942, "relative_strength": -4.282425, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.050708, "energy": 24.843426, "activity_lines": [ 8.84, 8.571945, 8.687469, 8.828576 ] }, { "date": "2024-10-25", "close": 9.014474, "volume": 229507926, "typical_volume": 140525433.45, "trend": 8.913664, "fair_value": 9.374424, "relative_strength": -4.464567, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 5.344926, "energy": 21.111006, "activity_lines": [ 8.944684, 8.673633, 8.696189, 8.83674 ] }, { "date": "2024-11-01", "close": 9.285877, "volume": 293514490, "typical_volume": 147486322.1, "trend": 8.944961, "fair_value": 9.358891, "relative_strength": -0.80569, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.250038, "energy": 25.717071, "activity_lines": [ 9.062292, 8.817618, 8.735039, 8.860753 ] }, { "date": "2024-11-08", "close": 10.022544, "volume": 466112678, "typical_volume": 164135240.15, "trend": 8.990369, "fair_value": 9.355604, "relative_strength": 1.364603, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.846241, "energy": 51.927784, "activity_lines": [ 9.386684, 9.076156, 8.845862, 8.930275 ] }, { "date": "2024-11-15", "close": 9.499123, "volume": 280532008, "typical_volume": 170232798.8, "trend": 9.020228, "fair_value": 9.357397, "relative_strength": -0.480379, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.674262, "energy": 48.927435, "activity_lines": [ 9.493307, 9.208157, 8.903835, 8.963098 ] }, { "date": "2024-11-22", "close": 9.188947, "volume": 201138674, "typical_volume": 174214426.7, "trend": 9.040381, "fair_value": 9.357443, "relative_strength": -1.863323, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.342034, "energy": 41.828306, "activity_lines": [ 9.439672, 9.259089, 8.932683, 8.973983 ] }, { "date": "2024-11-29", "close": 9.179255, "volume": 133393106, "typical_volume": 171659399.45, "trend": 9.055463, "fair_value": 9.349176, "relative_strength": -3.718813, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.870456, "energy": 26.007238, "activity_lines": [ 9.36536, 9.282353, 8.963055, 8.982942 ] }, { "date": "2024-12-06", "close": 9.276184, "volume": 159964819, "typical_volume": 173640321.15, "trend": 9.063014, "fair_value": 9.350631, "relative_strength": -4.900682, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.008488, "energy": 17.012544, "activity_lines": [ 9.312371, 9.299095, 9.003858, 8.997182 ] }, { "date": "2024-12-13", "close": 9.159868, "volume": 178618611, "typical_volume": 176743636.5, "trend": 9.073018, "fair_value": 9.354981, "relative_strength": -5.705869, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.926391, "energy": 7.485076, "activity_lines": [ 9.221257, 9.284291, 9.034137, 9.003431 ] }, { "date": "2024-12-20", "close": 8.985395, "volume": 333519841, "typical_volume": 187365881.3, "trend": 9.053783, "fair_value": 9.359184, "relative_strength": -6.772696, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.880629, "energy": 6.541424, "activity_lines": [ 9.129497, 9.241642, 9.048214, 8.997778 ] }, { "date": "2024-12-27", "close": 9.082324, "volume": 172858543, "typical_volume": 190823175.25, "trend": 9.038412, "fair_value": 9.361278, "relative_strength": -6.588226, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.016201, "energy": 6.09713, "activity_lines": [ 9.104295, 9.210448, 9.071293, 8.999619 ] }, { "date": "2025-01-03", "close": 8.539518, "volume": 129355093, "typical_volume": 193496543.5, "trend": 8.992603, "fair_value": 9.343873, "relative_strength": -6.984074, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.526912, "energy": 17.410114, "activity_lines": [ 8.905266, 9.077742, 9.040552, 8.967433 ] }, { "date": "2025-01-10", "close": 8.277807, "volume": 107993159, "typical_volume": 195375780.8, "trend": 8.9463, "fair_value": 9.322545, "relative_strength": -8.517759, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.545708, "energy": 43.223484, "activity_lines": [ 8.661649, 8.906089, 8.985302, 8.921317 ] }, { "date": "2025-01-17", "close": 8.471666, "volume": 100911295, "typical_volume": 196265560.0, "trend": 8.915605, "fair_value": 9.289476, "relative_strength": -8.40499, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.416305, "energy": 50.980038, "activity_lines": [ 8.54921, 8.78801, 8.948238, 8.890695 ] }, { "date": "2025-01-24", "close": 8.423202, "volume": 200576315, "typical_volume": 202941207.6, "trend": 8.876833, "fair_value": 9.245174, "relative_strength": -9.205646, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.139941, "energy": 55.888561, "activity_lines": [ 8.466497, 8.689318, 8.905728, 8.858927 ] }, { "date": "2025-01-31", "close": 8.442588, "volume": 27609462, "typical_volume": 200788913.25, "trend": 8.83483, "fair_value": 9.221505, "relative_strength": -8.907877, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.793669, "energy": 54.988586, "activity_lines": [ 8.427725, 8.613713, 8.863725, 8.830912 ] }, { "date": "2025-02-07", "close": 8.500746, "volume": 94700590, "typical_volume": 203635945.05, "trend": 8.803813, "fair_value": 9.201546, "relative_strength": -9.702358, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.07194, "energy": 42.492182, "activity_lines": [ 8.450988, 8.562252, 8.82403, 8.809358 ] }, { "date": "2025-02-14", "close": 8.529824, "volume": 152761633, "typical_volume": 204540821.8, "trend": 8.775057, "fair_value": 9.178375, "relative_strength": -10.435417, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.500941, "energy": 31.357072, "activity_lines": [ 8.486529, 8.528415, 8.784011, 8.791681 ] }, { "date": "2025-02-21", "close": 8.510438, "volume": 191636901, "typical_volume": 208978047.75, "trend": 8.750501, "fair_value": 9.154716, "relative_strength": -11.417865, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.701619, "energy": 25.67807, "activity_lines": [ 8.498807, 8.504623, 8.742978, 8.774609 ] }, { "date": "2025-02-28", "close": 8.394123, "volume": 173000127, "typical_volume": 194753513.4, "trend": 8.732408, "fair_value": 9.13468, "relative_strength": -11.03979, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.982917, "energy": 26.972633, "activity_lines": [ 8.469728, 8.47149, 8.694974, 8.751617 ] }, { "date": "2025-03-07", "close": 8.529824, "volume": 146558971, "typical_volume": 188713212.1, "trend": 8.728854, "fair_value": 9.112784, "relative_strength": -10.87376, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.47779, "energy": 19.037327, "activity_lines": [ 8.487821, 8.473781, 8.661095, 8.738547 ] }, { "date": "2025-03-14", "close": 8.927237, "volume": 237706856, "typical_volume": 189123158.6, "trend": 8.73887, "fair_value": 9.097319, "relative_strength": -7.954884, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 6.560223, "energy": 7.907946, "activity_lines": [ 8.63257, 8.558375, 8.666957, 8.751346 ] }, { "date": "2025-03-21", "close": 8.985395, "volume": 194014244, "typical_volume": 184148146.3, "trend": 8.764395, "fair_value": 9.085381, "relative_strength": -5.862527, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.632338, "energy": 19.418102, "activity_lines": [ 8.768272, 8.646493, 8.678773, 8.76725 ] }, { "date": "2025-03-28", "close": 8.888465, "volume": 190352315, "typical_volume": 170360128.15, "trend": 8.784104, "fair_value": 9.07076, "relative_strength": -6.46542, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.886784, "energy": 24.290016, "activity_lines": [ 8.841292, 8.704122, 8.682789, 8.775255 ] }, { "date": "2025-04-04", "close": 8.966009, "volume": 192332728, "typical_volume": 165950164.15, "trend": 8.811567, "fair_value": 9.060033, "relative_strength": -5.363349, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.308839, "energy": 33.160669, "activity_lines": [ 8.914959, 8.768272, 8.69959, 8.786991 ] }, { "date": "2025-04-11", "close": 8.461973, "volume": 305145961, "typical_volume": 171150528.5, "trend": 8.83483, "fair_value": 9.049958, "relative_strength": -7.661258, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.775991, "energy": 19.118591, "activity_lines": [ 8.782488, 8.73091, 8.670927, 8.764436 ] }, { "date": "2025-04-18", "close": 8.481359, "volume": 177744526, "typical_volume": 173368099.5, "trend": 8.855832, "fair_value": 9.043406, "relative_strength": -8.401296, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.031428, "energy": 19.193763, "activity_lines": [ 8.661003, 8.69672, 8.647571, 8.741632 ] }, { "date": "2025-04-25", "close": 8.830307, "volume": 224717046, "typical_volume": 176605710.85, "trend": 8.860032, "fair_value": 9.0417, "relative_strength": -5.09893, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.377125, "energy": 13.516852, "activity_lines": [ 8.685558, 8.726328, 8.660772, 8.739985 ] }, { "date": "2025-05-02", "close": 8.655833, "volume": 138434712, "typical_volume": 174596515.9, "trend": 8.836123, "fair_value": 9.043183, "relative_strength": -6.410326, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.678141, "energy": 21.779325, "activity_lines": [ 8.662295, 8.718749, 8.65948, 8.726811 ] }, { "date": "2025-05-09", "close": 8.869079, "volume": 158196493, "typical_volume": 165830348.5, "trend": 8.843554, "fair_value": 9.047065, "relative_strength": -5.773357, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -17.523131, "energy": 9.345968, "activity_lines": [ 8.725623, 8.7473, 8.680896, 8.728937 ] }, { "date": "2025-05-16", "close": 8.820615, "volume": 159377499, "typical_volume": 165156296.3, "trend": 8.84, "fair_value": 9.047602, "relative_strength": -6.876248, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -9.747876, "energy": 10.351988, "activity_lines": [ 8.779258, 8.758403, 8.698252, 8.727457 ] }, { "date": "2025-05-23", "close": 8.762456, "volume": 166743431, "typical_volume": 167025713.2, "trend": 8.831599, "fair_value": 9.049648, "relative_strength": -6.657256, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -11.907659, "energy": 10.009126, "activity_lines": [ 8.789597, 8.753644, 8.711314, 8.722454 ] }, { "date": "2025-05-30", "close": 8.85, "volume": 110984949, "typical_volume": 167175302.7, "trend": 8.81707, "fair_value": 9.054924, "relative_strength": -5.409143, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 4.243868, "energy": 12.616359, "activity_lines": [ 8.810377, 8.767799, 8.731652, 8.723641 ] }, { "date": "2025-06-06", "close": 8.81, "volume": 86734754, "typical_volume": 166466475.65, "trend": 8.776652, "fair_value": 9.05509, "relative_strength": -6.473902, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.148573, "energy": 16.815672, "activity_lines": [ 8.816512, 8.777143, 8.745457, 8.723185 ] }, { "date": "2025-06-13", "close": 8.95, "volume": 148441522, "typical_volume": 163859736.0, "trend": 8.758348, "fair_value": 9.055426, "relative_strength": -4.397374, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.850957, "energy": 26.138309, "activity_lines": [ 8.859035, 8.813368, 8.770983, 8.734369 ] }, { "date": "2025-06-20", "close": 8.71, "volume": 127011223, "typical_volume": 168829824.05, "trend": 8.742383, "fair_value": 9.055497, "relative_strength": -6.135574, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.227768, "energy": 13.255228, "activity_lines": [ 8.816164, 8.806247, 8.771143, 8.73125 ] }, { "date": "2025-06-27", "close": 8.79, "volume": 111693611, "typical_volume": 169679475.1, "trend": 8.729408, "fair_value": 9.050316, "relative_strength": -6.621655, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.581219, "energy": 15.992933, "activity_lines": [ 8.807333, 8.809163, 8.77765, 8.734322 ] }, { "date": "2025-07-04", "close": 8.96, "volume": 142102550, "typical_volume": 169146520.95, "trend": 8.718868, "fair_value": 9.047014, "relative_strength": -5.666335, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.726528, "energy": 29.265725, "activity_lines": [ 8.853333, 8.837376, 8.798969, 8.749199 ] }, { "date": "2025-07-11", "close": 9.09, "volume": 241759708, "typical_volume": 171652661.3, "trend": 8.716539, "fair_value": 9.047458, "relative_strength": -4.939186, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.441344, "energy": 44.993073, "activity_lines": [ 8.935333, 8.886867, 8.830621, 8.773143 ] }, { "date": "2025-07-18", "close": 9.1, "volume": 305507329, "typical_volume": 178278021.4, "trend": 8.72036, "fair_value": 9.0439, "relative_strength": -5.104001, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.68907, "energy": 56.548971, "activity_lines": [ 9.002, 8.930282, 8.860465, 8.797882 ] }, { "date": "2025-07-25", "close": 9.36, "volume": 397769443, "typical_volume": 190838545.0, "trend": 8.729615, "fair_value": 9.040857, "relative_strength": -3.593887, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.959013, "energy": 71.898663, "activity_lines": [ 9.145333, 9.016772, 8.91171, 8.839149 ] }, { "date": "2025-08-01", "close": 9.69, "volume": 350268778, "typical_volume": 196466641.1, "trend": 8.767965, "fair_value": 9.036409, "relative_strength": 1.004507, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.852607, "energy": 83.320279, "activity_lines": [ 9.355333, 9.153455, 8.990431, 8.90111 ] }, { "date": "2025-08-08", "close": 10.79, "volume": 504969281, "typical_volume": 212014392.95, "trend": 8.851705, "fair_value": 9.04502, "relative_strength": 10.183165, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.464299, "energy": 96.914386, "activity_lines": [ 9.872, 9.473273, 9.170281, 9.031563 ] }, { "date": "2025-08-15", "close": 11.76, "volume": 620931722, "typical_volume": 233543363.3, "trend": 8.961316, "fair_value": 9.060092, "relative_strength": 17.930084, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.644685, "energy": 99.071606, "activity_lines": [ 10.59, 9.934182, 9.433918, 9.219195 ] }, { "date": "2025-08-22", "close": 13.76, "volume": 952767808, "typical_volume": 271565117.3, "trend": 9.139209, "fair_value": 9.089622, "relative_strength": 32.655842, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.436517, "energy": 99.627523, "activity_lines": [ 11.796667, 10.705091, 9.874358, 9.528788 ] }, { "date": "2025-08-29", "close": 15.31, "volume": 925356476, "typical_volume": 302575643.05, "trend": 9.368123, "fair_value": 9.13285, "relative_strength": 45.287021, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.122322, "energy": 99.633047, "activity_lines": [ 13.209333, 11.670364, 10.439589, 9.926903 ] }, { "date": "2025-09-05", "close": 20.77, "volume": 814976540, "typical_volume": 334437243.75, "trend": 9.777098, "fair_value": 9.209986, "relative_strength": 95.99322, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.86491, "energy": 99.910108, "activity_lines": [ 16.045333, 13.508364, 11.492209, 10.662508 ] }, { "date": "2025-09-12", "close": 22.200001, "volume": 1013269275, "typical_volume": 373864855.2, "trend": 10.23277, "fair_value": 9.289068, "relative_strength": 102.333956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.609887, "energy": 99.455765, "activity_lines": [ 18.619334, 15.388546, 12.622503, 11.463986 ] }, { "date": "2025-09-19", "close": 19.790001, "volume": 985902305, "typical_volume": 416238234.85, "trend": 10.608756, "fair_value": 9.353429, "relative_strength": 79.931833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.997418, "energy": 85.298294, "activity_lines": [ 19.629334, 16.589819, 13.459608, 12.080582 ] }, { "date": "2025-09-26", "close": 19.51, "volume": 595316411, "typical_volume": 438094230.75, "trend": 10.979285, "fair_value": 9.420001, "relative_strength": 74.362329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.560959, "energy": 68.838539, "activity_lines": [ 20.010667, 17.545637, 14.217026, 12.654855 ] }, { "date": "2025-10-03", "close": 21.16, "volume": 295074731, "typical_volume": 444879092.35, "trend": 11.400291, "fair_value": 9.479856, "relative_strength": 83.262127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.886655, "energy": 70.601, "activity_lines": [ 20.558667, 18.612182, 15.080917, 13.311676 ] }, { "date": "2025-10-10", "close": 25.120001, "volume": 366462236, "typical_volume": 454865032.6, "trend": 11.94005, "fair_value": 9.58069, "relative_strength": 111.619094, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.681176, "energy": 75.308146, "activity_lines": [ 22.036667, 20.184182, 16.263191, 14.196818 ] }, { "date": "2025-10-17", "close": 23.549999, "volume": 827517704, "typical_volume": 490691670.35, "trend": 12.425537, "fair_value": 9.671095, "relative_strength": 97.125507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.918095, "energy": 69.179343, "activity_lines": [ 22.701333, 21.190182, 17.218048, 14.945847 ] }, { "date": "2025-10-24", "close": 25.92, "volume": 770767794, "typical_volume": 524893322.35, "trend": 12.993254, "fair_value": 9.7827, "relative_strength": 106.015021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.47062, "energy": 71.670701, "activity_lines": [ 24.066, 22.395091, 18.328619, 15.816458 ] }, { "date": "2025-10-31", "close": 29.690001, "volume": 828793954, "typical_volume": 558910943.95, "trend": 13.684054, "fair_value": 9.911798, "relative_strength": 129.248841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.880387, "energy": 74.220738, "activity_lines": [ 26.278667, 24.028, 19.716762, 16.893667 ] }, { "date": "2025-11-07", "close": 28.68, "volume": 659138633, "typical_volume": 585517314.45, "trend": 14.357988, "fair_value": 10.033268, "relative_strength": 113.720493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.931545, "energy": 69.983827, "activity_lines": [ 27.476, 25.187637, 20.909953, 17.861148 ] }, { "date": "2025-11-14", "close": 26.700001, "volume": 589348981, "typical_volume": 609400082.95, "trend": 14.965276, "fair_value": 10.148234, "relative_strength": 95.028829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.965794, "energy": 65.634631, "activity_lines": [ 27.512, 25.744182, 21.819476, 18.657407 ] }, { "date": "2025-11-21", "close": 24.0, "volume": 441557913, "typical_volume": 624372851.1, "trend": 15.470933, "fair_value": 10.24292, "relative_strength": 78.963129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.95327, "energy": 58.719564, "activity_lines": [ 26.542667, 25.702, 22.386572, 19.240292 ] }, { "date": "2025-11-28", "close": 23.059999, "volume": 410464967, "typical_volume": 632808114.05, "trend": 15.951072, "fair_value": 10.33158, "relative_strength": 66.672738, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.829558, "energy": 41.724316, "activity_lines": [ 25.23, 25.456182, 22.792524, 19.729909 ] }, { "date": "2025-12-05", "close": 19.940001, "volume": 591056241, "typical_volume": 647085559.65, "trend": 16.320103, "fair_value": 10.400301, "relative_strength": 41.770364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.715078, "energy": 25.776256, "activity_lines": [ 23.068, 24.583637, 22.83481, 19.987259 ] }, { "date": "2025-12-12", "close": 20.280001, "volume": 357869536, "typical_volume": 645090564.3, "trend": 16.702082, "fair_value": 10.469927, "relative_strength": 42.771685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.638412, "energy": 29.536412, "activity_lines": [ 21.669334, 23.765091, 22.857857, 20.242737 ] }, { "date": "2025-12-19", "close": 19.610001, "volume": 275544188, "typical_volume": 641354334.8, "trend": 17.063667, "fair_value": 10.534045, "relative_strength": 36.312692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.650183, "energy": 25.807406, "activity_lines": [ 20.607334, 22.840728, 22.765096, 20.430344 ] }, { "date": "2025-12-26", "close": 21.860001, "volume": 365646702, "typical_volume": 634388205.85, "trend": 17.497334, "fair_value": 10.61471, "relative_strength": 46.971716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.711527, "energy": 22.099695, "activity_lines": [ 20.768001, 22.425637, 22.839381, 20.739785 ] }, { "date": "2026-01-02", "close": 20.02, "volume": 342748559, "typical_volume": 620479047.7, "trend": 17.871, "fair_value": 10.684126, "relative_strength": 32.802433, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.713729, "energy": 17.262733, "activity_lines": [ 20.458001, 21.706728, 22.685715, 20.902538 ] }, { "date": "2026-01-09", "close": 21.32, "volume": 524141223, "typical_volume": 599047718.45, "trend": 18.283334, "fair_value": 10.765394, "relative_strength": 34.47891, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.165929, "energy": 14.066996, "activity_lines": [ 20.784, 21.331455, 22.616524, 21.125054 ] }, { "date": "2026-01-16", "close": 21.26, "volume": 604525748, "typical_volume": 583006182.05, "trend": 18.701667, "fair_value": 10.840938, "relative_strength": 32.997496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.263778, "energy": 9.742777, "activity_lines": [ 20.998, 21.097455, 22.505619, 21.317097 ] }, { "date": "2026-01-23", "close": 23.799999, "volume": 853713983, "typical_volume": 584943054.2, "trend": 19.202, "fair_value": 10.929245, "relative_strength": 45.383932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.297113, "energy": 18.178811, "activity_lines": [ 21.993333, 21.460182, 22.608286, 21.646022 ] }, { "date": "2026-01-30", "close": 21.27, "volume": 512735161, "typical_volume": 559916348.5, "trend": 19.612334, "fair_value": 11.00728, "relative_strength": 28.89573, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.528229, "energy": 16.654173, "activity_lines": [ 21.866, 21.415636, 22.455572, 21.779441 ] }, { "date": "2026-02-06", "close": 20.42, "volume": 266749964, "typical_volume": 523958731.45, "trend": 19.99, "fair_value": 11.078593, "relative_strength": 23.882334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.392499, "energy": 10.854228, "activity_lines": [ 21.494666, 21.266182, 22.226333, 21.831549 ] }, { "date": "2026-02-13", "close": 20.16, "volume": 170080030, "typical_volume": 502696912.4, "trend": 20.358667, "fair_value": 11.144476, "relative_strength": 20.445541, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.176305, "energy": 3.895827, "activity_lines": [ 21.01, 21.117455, 21.969333, 21.842516 ] }, { "date": "2026-02-27", "close": 21.85, "volume": 222215303, "typical_volume": 499053941.0, "trend": 20.775, "fair_value": 11.219191, "relative_strength": 26.389975, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.576501, "energy": 8.805645, "activity_lines": [ 21.166, 21.272, 21.870191, 21.938731 ] }, { "date": "2026-03-06", "close": 21.75, "volume": 407279102, "typical_volume": 501094784.3, "trend": 21.177, "fair_value": 11.296359, "relative_strength": 25.397098, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.24435, "energy": 7.226483, "activity_lines": [ 21.249333, 21.379818, 21.758238, 22.001635 ] }, { "date": "2026-03-13", "close": 21.200001, "volume": 338493540, "typical_volume": 476643576.1, "trend": 21.524, "fair_value": 11.371155, "relative_strength": 21.611933, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.951399, "energy": 12.874342, "activity_lines": [ 21.286, 21.348727, 21.609953, 22.003118 ] }, { "date": "2026-03-20", "close": 19.4, "volume": 206218526, "typical_volume": 448416112.7, "trend": 21.778667, "fair_value": 11.431742, "relative_strength": 13.998088, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.16204, "energy": 28.16973, "activity_lines": [ 20.727334, 21.002364, 21.301429, 21.866086 ] }, { "date": "2026-03-27", "close": 19.219999, "volume": 209464047, "typical_volume": 417449617.35, "trend": 21.960667, "fair_value": 11.493421, "relative_strength": 13.058023, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.927252, "energy": 53.539159, "activity_lines": [ 20.176667, 20.634545, 21.00681, 21.701011 ] }, { "date": "2026-04-03", "close": 17.35, "volume": 168341219, "typical_volume": 392909746.65, "trend": 22.028667, "fair_value": 11.54117, "relative_strength": 2.120074, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.327871, "energy": 73.941087, "activity_lines": [ 19.065333, 19.964909, 20.583952, 21.403548 ] }, { "date": "2026-04-10", "close": 18.57, "volume": 127688187, "typical_volume": 369826706.95, "trend": 21.955334, "fair_value": 11.599349, "relative_strength": 5.475629, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.458981, "energy": 73.150085, "activity_lines": [ 18.660667, 19.588182, 20.331238, 21.180409 ] }, { "date": "2026-04-17", "close": 17.73, "volume": 196755005, "typical_volume": 357586561.55, "trend": 21.806334, "fair_value": 11.652751, "relative_strength": -1.670968, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.755463, "energy": 77.811679, "activity_lines": [ 18.188, 19.153818, 20.037238, 20.907807 ] }, { "date": "2026-04-24", "close": 17.136908, "volume": 173565033, "typical_volume": 345741564.85, "trend": 21.717897, "fair_value": 11.702593, "relative_strength": -6.27632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.946346, "energy": 80.808427, "activity_lines": [ 17.748969, 18.675983, 19.71661, 20.606553 ] }, { "date": "2026-05-01", "close": 16.609318, "volume": 154560143, "typical_volume": 323916759.95, "trend": 21.621208, "fair_value": 11.74523, "relative_strength": -10.396985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.827413, "energy": 81.954309, "activity_lines": [ 17.284948, 18.161915, 19.373941, 20.276968 ] }, { "date": "2026-05-08", "close": 17.469093, "volume": 144361494, "typical_volume": 313241357.85, "trend": 21.498177, "fair_value": 11.796656, "relative_strength": -7.892146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.157422, "energy": 79.95671, "activity_lines": [ 17.281564, 17.868728, 19.129015, 20.009089 ] }, { "date": "2026-05-15", "close": 16.550697, "volume": 364809190, "typical_volume": 317704607.95, "trend": 21.212534, "fair_value": 11.839282, "relative_strength": -12.295326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.395329, "energy": 80.444597, "activity_lines": [ 16.964108, 17.488213, 18.810009, 19.689897 ] }, { "date": "2026-05-22", "close": 17.195528, "volume": 501339971, "typical_volume": 324489271.4, "trend": 21.000718, "fair_value": 11.884464, "relative_strength": -8.978966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.61975, "energy": 53.620911, "activity_lines": [ 16.996217, 17.319472, 18.566983, 19.430735 ] }, { "date": "2026-05-29", "close": 21.767977, "volume": 978190057, "typical_volume": 356261346.3, "trend": 20.862317, "fair_value": 11.95483, "relative_strength": 15.161934, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.010964, "energy": 12.956018, "activity_lines": [ 18.588106, 18.054894, 18.78164, 19.480236 ] }, { "date": "2026-06-05", "close": 18.954161, "volume": 105744402, "typical_volume": 335341505.25, "trend": 20.504456, "fair_value": 12.010617, "relative_strength": 0.434934, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.804778, "energy": 20.180353, "activity_lines": [ 18.933319, 18.23566, 18.719991, 19.357129 ] }, { "date": "2026-06-12", "close": 16.804722, "volume": 65261111, "typical_volume": 308378273.4, "trend": 20.108614, "fair_value": 12.052112, "relative_strength": -11.606125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.834581, "energy": 25.280269, "activity_lines": [ 18.405729, 18.030451, 18.464899, 19.118436 ] }, { "date": "2026-06-19", "close": 16.443224, "volume": 263885394, "typical_volume": 278886843.95, "trend": 19.766721, "fair_value": 12.088793, "relative_strength": -15.22797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.434198, "energy": 24.681482, "activity_lines": [ 17.801932, 17.76943, 18.196595, 18.88196 ] }, { "date": "2026-06-26", "close": 15.04, "volume": 56851181, "typical_volume": 256092644.95, "trend": 19.468054, "fair_value": 12.117575, "relative_strength": -21.608213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.694904, "energy": 57.993926, "activity_lines": [ 16.737557, 17.291946, 17.829682, 18.57701 ] }, { "date": "2026-07-03", "close": 14.95, "volume": 36036908, "typical_volume": 244556992.15, "trend": 19.197721, "fair_value": 12.148154, "relative_strength": -22.745373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.918947, "energy": 78.284087, "activity_lines": [ 15.786885, 16.847007, 17.483865, 18.285523 ] }, { "date": "2026-07-10", "close": 14.0, "volume": 191164323, "typical_volume": 245611206.8, "trend": 18.999721, "fair_value": 12.173313, "relative_strength": -27.065447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.336007, "energy": 84.128551, "activity_lines": [ 14.974078, 16.269103, 17.073619, 17.950186 ] }, { "date": "2026-07-17", "close": 14.91, "volume": 274283963, "typical_volume": 248214639.8, "trend": 18.820721, "fair_value": 12.203331, "relative_strength": -17.987413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.126753, "energy": 77.71578, "activity_lines": [ 14.794882, 15.904096, 16.779373, 17.686333 ] }, { "date": "2026-07-24", "close": 14.21, "volume": 555503140, "typical_volume": 255625841.7, "trend": 18.640721, "fair_value": 12.227644, "relative_strength": -23.215146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.981364, "energy": 72.823719, "activity_lines": [ 14.508667, 15.458345, 16.451509, 17.388867 ] }, { "date": "2026-07-31", "close": 14.47, "volume": 207770284, "typical_volume": 249089678.9, "trend": 18.394388, "fair_value": 12.25606, "relative_strength": -22.538373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.787138, "energy": 51.652879, "activity_lines": [ 14.458, 15.102425, 16.18431, 17.119788 ] }, { "date": "2026-08-07", "close": 14.87, "volume": 206332488, "typical_volume": 249095377.0, "trend": 18.222721, "fair_value": 12.289169, "relative_strength": -22.89457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.402064, "energy": 45.492244, "activity_lines": [ 14.578667, 14.868787, 15.987255, 16.892408 ] } ], "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." } } }