{ "ticker": { "uuid": "9229b691-059e-4e89-af72-8d23826cfa81", "symbol": "003021", "name": "Shenzhen Zhaowei Machinery & Electronics Co., Ltd.", "exchange": "SHZ", "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": "399001.SZ", "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": -63.009, "architecture_energy": 70.87, "architecture_maturity": 54.923, "architecture_confidence": 83.338, "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": 10.47, "rotation_up": 10.92, "upward_expansion": 15.82, "deceleration": 38.26, "rotation_down": 70.67, "downward_expansion": 89.15 }, "activity_lines": [ 78.892002, 83.678457, 90.460433, 95.223438 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 81.150002, "trend_reference": 102.922626, "distance_from_trend": -0.211544, "trend_direction": "Weakening", "fair_value": 82.552017, "distance_from_fair_value": -0.016983, "fair_value_direction": "Weakening", "relative_strength": -28.841881, "relative_strength_direction": "Weakening", "price_momentum": -0.306766, "excess_performance": -0.314165, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.211544, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.067272, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.016983, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.309457, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.288419, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01889, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.306766, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.327182, "read": "Demand-led" } ], "volume": { "latest": 16790772, "relative_activity": 0.857077, "balance": 1.327182, "dry_up": 0.83259, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.142115, "annualized_volatility": 0.609027, "from_high_reference": -0.482198, "from_low_reference": 0.11931 }, "levels": { "trend_reference": 102.922626, "fair_value_reference": 82.552017, "structural_low": 72.5, "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": 13, "median_return": 0.003888, "positive_rate": 0.615385, "directional_follow_through": 0.384615, "median_excess_return": -0.008485, "regime_survival": 0.692308, "best_return": 0.185509, "worst_return": -0.154705, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.074856, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.048557, "regime_survival": 0.2, "best_return": 0.435791, "worst_return": 0.036456, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.036746, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": 0.032237, "regime_survival": 0.5, "best_return": 2.13426, "worst_return": -0.102471, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.82075, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.926543, "regime_survival": 0.333333, "best_return": 2.249636, "worst_return": -0.144637, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-05", "end": "2024-07-26", "tenure": "New", "return": -0.066804, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2024-10-18", "tenure": "Developing", "return": 0.106178, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-22", "tenure": "Developing", "return": 0.53355, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-04-11", "tenure": "Established", "return": 0.532254, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-06-13", "tenure": "Developing", "return": -0.083905, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-20", "end": "2025-07-18", "tenure": "Developing", "return": 0.160366, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": 0.086065, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-10-03", "tenure": "Developing", "return": 0.121056, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": -0.106556, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", "return": -0.082, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2026-01-09", "tenure": "Developing", "return": 0.258442, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-13", "tenure": "Developing", "return": 0.009883, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-27", "tenure": "Developing", "return": -0.163147, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.134677, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 50.095772, "volume": 10956773, "typical_volume": 32583695.0, "trend": 51.416197, "fair_value": 41.584396, "relative_strength": 9.912387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.396656, "energy": 8.127135, "activity_lines": [ 54.238021, 55.773853, 56.441808, 54.780905 ] }, { "date": "2023-08-04", "close": 52.343613, "volume": 14185634, "typical_volume": 32529015.55, "trend": 52.030611, "fair_value": 41.662931, "relative_strength": 12.396834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.657834, "energy": 13.517171, "activity_lines": [ 52.957175, 54.944375, 56.110966, 54.840738 ] }, { "date": "2023-08-11", "close": 47.756035, "volume": 13435577, "typical_volume": 32276061.85, "trend": 52.420619, "fair_value": 41.707084, "relative_strength": 6.013261, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.834677, "energy": 30.77849, "activity_lines": [ 50.791801, 53.478072, 55.314933, 54.564959 ] }, { "date": "2023-08-18", "close": 44.88615, "volume": 14048682, "typical_volume": 30830680.05, "trend": 52.675224, "fair_value": 41.729955, "relative_strength": 2.40086, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.96091, "energy": 50.725145, "activity_lines": [ 48.397401, 51.72054, 54.278379, 54.078864 ] }, { "date": "2023-08-25", "close": 48.05999, "volume": 22964047, "typical_volume": 30846153.45, "trend": 52.932391, "fair_value": 41.775169, "relative_strength": 12.596735, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.88726, "energy": 49.745974, "activity_lines": [ 47.85971, 50.646357, 53.595704, 53.781107 ] }, { "date": "2023-09-01", "close": 50.675404, "volume": 19903148, "typical_volume": 30445103.75, "trend": 53.102257, "fair_value": 41.838292, "relative_strength": 14.398566, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.6335, "energy": 43.44068, "activity_lines": [ 48.542074, 50.187407, 53.20234, 53.635495 ] }, { "date": "2023-09-08", "close": 49.735264, "volume": 10415027, "typical_volume": 30062613.2, "trend": 53.110041, "fair_value": 41.893904, "relative_strength": 13.542473, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.318634, "energy": 33.790443, "activity_lines": [ 48.872416, 49.691056, 52.743176, 53.41827 ] }, { "date": "2023-09-15", "close": 48.632553, "volume": 19084524, "typical_volume": 29724419.4, "trend": 53.136798, "fair_value": 41.941027, "relative_strength": 11.965946, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.923721, "energy": 30.083951, "activity_lines": [ 49.009078, 49.217454, 52.19021, 53.1294 ] }, { "date": "2023-09-22", "close": 50.067497, "volume": 8186568, "typical_volume": 29430218.2, "trend": 53.238194, "fair_value": 41.997461, "relative_strength": 14.209885, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.098735, "energy": 22.285744, "activity_lines": [ 49.565619, 49.187252, 51.774449, 52.93138 ] }, { "date": "2023-09-29", "close": 51.905354, "volume": 10257873, "typical_volume": 27300308.3, "trend": 53.481039, "fair_value": 42.065792, "relative_strength": 18.792799, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.804822, "energy": 19.401485, "activity_lines": [ 50.389357, 49.614843, 51.536571, 52.845391 ] }, { "date": "2023-10-13", "close": 53.248402, "volume": 12256213, "typical_volume": 24187906.35, "trend": 53.78864, "fair_value": 42.142385, "relative_strength": 21.707616, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.503332, "energy": 16.144964, "activity_lines": [ 51.404419, 50.311686, 51.465749, 52.830382 ] }, { "date": "2023-10-20", "close": 47.862064, "volume": 9161381, "typical_volume": 21892309.4, "trend": 53.837215, "fair_value": 42.181294, "relative_strength": 14.257179, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.507429, "energy": 19.444398, "activity_lines": [ 50.452502, 49.971875, 50.946099, 52.448022 ] }, { "date": "2023-10-27", "close": 47.197609, "volume": 9875177, "typical_volume": 19332364.4, "trend": 53.588985, "fair_value": 42.215188, "relative_strength": 9.624628, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.628348, "energy": 27.631785, "activity_lines": [ 49.403981, 49.592736, 50.436178, 52.019661 ] }, { "date": "2023-11-03", "close": 52.386024, "volume": 15344453, "typical_volume": 17504364.7, "trend": 53.477723, "fair_value": 42.283449, "relative_strength": 19.647962, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.689759, "energy": 15.948689, "activity_lines": [ 50.180594, 50.167099, 50.483437, 51.94205 ] }, { "date": "2023-11-10", "close": 54.704556, "volume": 23555480, "typical_volume": 16858726.1, "trend": 53.417644, "fair_value": 42.366256, "relative_strength": 22.325749, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.382553, "energy": 5.048433, "activity_lines": [ 51.575482, 51.026652, 50.743632, 52.021201 ] }, { "date": "2023-11-17", "close": 55.538662, "volume": 17833201, "typical_volume": 16507189.3, "trend": 53.413587, "fair_value": 42.453491, "relative_strength": 23.297338, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.798567, "energy": 11.286869, "activity_lines": [ 53.061793, 51.91705, 51.088214, 52.158041 ] }, { "date": "2023-11-24", "close": 53.2272, "volume": 15742697, "typical_volume": 15617690.95, "trend": 53.451468, "fair_value": 42.52437, "relative_strength": 19.019974, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.1169, "energy": 19.205531, "activity_lines": [ 53.624932, 52.298759, 51.224472, 52.146016 ] }, { "date": "2023-12-01", "close": 56.104149, "volume": 19941877, "typical_volume": 15224944.5, "trend": 53.696708, "fair_value": 42.613127, "relative_strength": 25.998796, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.174643, "energy": 37.211588, "activity_lines": [ 54.789378, 53.140061, 51.676564, 52.317156 ] }, { "date": "2023-12-08", "close": 58.055111, "volume": 13556313, "typical_volume": 14871671.0, "trend": 53.94302, "fair_value": 42.7134, "relative_strength": 31.344369, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.309548, "energy": 46.918454, "activity_lines": [ 56.010375, 54.200235, 52.326681, 52.598344 ] }, { "date": "2023-12-15", "close": 57.503754, "volume": 14218622, "typical_volume": 14746163.35, "trend": 53.855604, "fair_value": 42.808821, "relative_strength": 31.068982, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.066933, "energy": 45.36709, "activity_lines": [ 56.669648, 55.014933, 52.918633, 52.828068 ] }, { "date": "2023-12-22", "close": 58.49337, "volume": 14064456, "typical_volume": 14901547.5, "trend": 53.581339, "fair_value": 42.909363, "relative_strength": 34.045199, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.877558, "energy": 50.465303, "activity_lines": [ 57.47218, 55.907773, 53.584739, 53.127279 ] }, { "date": "2023-12-29", "close": 66.438568, "volume": 25639378, "typical_volume": 15474234.7, "trend": 53.68949, "fair_value": 43.0347, "relative_strength": 45.134551, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.747071, "energy": 75.720532, "activity_lines": [ 60.72613, 58.149831, 54.967542, 53.956778 ] }, { "date": "2024-01-05", "close": 57.17152, "volume": 20081042, "typical_volume": 15806507.95, "trend": 53.580632, "fair_value": 43.173818, "relative_strength": 28.826209, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.929106, "energy": 53.005776, "activity_lines": [ 60.010307, 58.369216, 55.40065, 54.181425 ] }, { "date": "2024-01-12", "close": 55.863819, "volume": 15794144, "typical_volume": 15893781.05, "trend": 53.751694, "fair_value": 43.315196, "relative_strength": 26.002488, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.643236, "energy": 37.276092, "activity_lines": [ 58.787425, 58.169494, 55.66438, 54.328727 ] }, { "date": "2024-01-19", "close": 50.809708, "volume": 17469231, "typical_volume": 15619040.25, "trend": 53.58723, "fair_value": 43.446125, "relative_strength": 16.148557, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.721824, "energy": 15.322225, "activity_lines": [ 56.025925, 56.98761, 55.39449, 54.138922 ] }, { "date": "2024-01-26", "close": 43.331039, "volume": 22369712, "typical_volume": 15742368.45, "trend": 53.097605, "fair_value": 43.526281, "relative_strength": -1.329419, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.192381, "energy": 26.85669, "activity_lines": [ 51.217806, 54.516783, 54.399253, 53.477232 ] }, { "date": "2024-02-02", "close": 37.124733, "volume": 24392343, "typical_volume": 16441234.25, "trend": 52.267978, "fair_value": 43.561901, "relative_strength": -8.483075, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.075158, "energy": 52.360091, "activity_lines": [ 45.35174, 51.139494, 52.847913, 52.446724 ] }, { "date": "2024-02-09", "close": 42.518143, "volume": 24150277, "typical_volume": 16694521.9, "trend": 51.729579, "fair_value": 43.63829, "relative_strength": -4.654267, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.340037, "energy": 58.852724, "activity_lines": [ 43.237733, 49.035597, 51.87028, 51.817702 ] }, { "date": "2024-02-23", "close": 44.638748, "volume": 50062967, "typical_volume": 18788341.85, "trend": 51.321952, "fair_value": 43.73772, "relative_strength": -2.936381, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.722664, "energy": 62.714619, "activity_lines": [ 42.807486, 47.564282, 51.123726, 51.360229 ] }, { "date": "2024-03-01", "close": 45.232513, "volume": 48497666, "typical_volume": 20700331.5, "trend": 51.053577, "fair_value": 43.832815, "relative_strength": -5.708263, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.010407, "energy": 65.575673, "activity_lines": [ 43.323499, 46.444859, 50.459572, 50.967362 ] }, { "date": "2024-03-08", "close": 48.660828, "volume": 51574967, "typical_volume": 22666269.2, "trend": 51.005746, "fair_value": 43.952803, "relative_strength": 1.686553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.787737, "energy": 34.325453, "activity_lines": [ 45.354097, 46.171879, 50.1537, 50.812991 ] }, { "date": "2024-03-15", "close": 49.926125, "volume": 35976110, "typical_volume": 24007005.65, "trend": 50.925163, "fair_value": 44.092795, "relative_strength": 1.141524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.114342, "energy": 20.243357, "activity_lines": [ 47.451141, 46.307727, 49.990178, 50.743338 ] }, { "date": "2024-03-22", "close": 47.876202, "volume": 29259236, "typical_volume": 24976208.6, "trend": 50.929169, "fair_value": 44.211366, "relative_strength": -2.953626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.043395, "energy": 18.639451, "activity_lines": [ 48.011451, 46.371088, 49.621597, 50.546631 ] }, { "date": "2024-03-29", "close": 43.649128, "volume": 23765335, "typical_volume": 25397252.7, "trend": 50.887935, "fair_value": 44.306064, "relative_strength": -10.148883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.025564, "energy": 20.074526, "activity_lines": [ 46.805533, 45.834896, 48.847205, 50.076951 ] }, { "date": "2024-04-05", "close": 43.634991, "volume": 11938528, "typical_volume": 24816405.1, "trend": 50.740435, "fair_value": 44.401615, "relative_strength": -11.491097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.710556, "energy": 25.141017, "activity_lines": [ 45.660877, 45.518218, 48.113072, 49.609019 ] }, { "date": "2024-04-12", "close": 39.598774, "volume": 16689064, "typical_volume": 24759198.25, "trend": 50.371214, "fair_value": 44.453289, "relative_strength": -16.780174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.05284, "energy": 53.677715, "activity_lines": [ 43.277316, 44.598133, 47.047249, 48.890203 ] }, { "date": "2024-04-19", "close": 42.518143, "volume": 29064128, "typical_volume": 25425269.8, "trend": 50.130643, "fair_value": 44.508339, "relative_strength": -11.091901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.497522, "energy": 52.624125, "activity_lines": [ 42.471016, 44.276701, 46.335365, 48.383553 ] }, { "date": "2024-04-26", "close": 43.91774, "volume": 27575954, "typical_volume": 25806973.65, "trend": 49.973482, "fair_value": 44.568249, "relative_strength": -9.929425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.440682, "energy": 49.375367, "activity_lines": [ 42.625114, 44.111679, 45.807772, 47.98272 ] }, { "date": "2024-05-03", "close": 43.804642, "volume": 17074575, "typical_volume": 25982886.75, "trend": 49.764721, "fair_value": 44.630463, "relative_strength": -11.322525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.46562, "energy": 44.620635, "activity_lines": [ 43.005409, 43.900647, 45.327438, 47.584731 ] }, { "date": "2024-05-10", "close": 47.565182, "volume": 38994495, "typical_volume": 27221680.4, "trend": 49.620048, "fair_value": 44.727535, "relative_strength": -5.34379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.774124, "energy": 19.763229, "activity_lines": [ 44.628851, 44.388515, 45.27311, 47.442825 ] }, { "date": "2024-05-17", "close": 47.013821, "volume": 29461014, "typical_volume": 27991508.3, "trend": 49.412229, "fair_value": 44.820212, "relative_strength": -6.339101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.252184, "energy": 16.863443, "activity_lines": [ 45.806492, 44.733723, 45.213598, 47.274681 ] }, { "date": "2024-05-24", "close": 48.330463, "volume": 40616376, "typical_volume": 28740358.2, "trend": 49.427842, "fair_value": 44.899656, "relative_strength": -0.682294, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.642845, "energy": 11.984306, "activity_lines": [ 46.928678, 45.348266, 45.334145, 47.20489 ] }, { "date": "2024-05-31", "close": 51.930817, "volume": 33563296, "typical_volume": 29414470.9, "trend": 49.585616, "fair_value": 44.988314, "relative_strength": 7.590724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.833666, "energy": 20.069918, "activity_lines": [ 48.863494, 46.646432, 45.883812, 47.366372 ] }, { "date": "2024-06-07", "close": 50.434826, "volume": 32468284, "typical_volume": 30248177.9, "trend": 49.520576, "fair_value": 45.068078, "relative_strength": 5.854112, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.890327, "energy": 32.434842, "activity_lines": [ 49.765441, 47.598878, 46.31596, 47.42116 ] }, { "date": "2024-06-14", "close": 52.230011, "volume": 26850460, "typical_volume": 30717239.35, "trend": 49.438091, "fair_value": 45.158404, "relative_strength": 9.601177, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.046254, "energy": 41.335878, "activity_lines": [ 50.82377, 48.754346, 46.94493, 47.595962 ] }, { "date": "2024-06-21", "close": 49.148273, "volume": 20700535, "typical_volume": 30633780.5, "trend": 49.225078, "fair_value": 45.216078, "relative_strength": 4.983664, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.358939, "energy": 36.443609, "activity_lines": [ 50.543866, 49.193224, 47.273637, 47.577264 ] }, { "date": "2024-06-28", "close": 46.026642, "volume": 19895634, "typical_volume": 30408945.05, "trend": 48.985059, "fair_value": 45.232023, "relative_strength": 0.615502, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 6.460114, "energy": 11.251878, "activity_lines": [ 49.08112, 48.890906, 47.277345, 47.370914 ] }, { "date": "2024-07-05", "close": 43.443565, "volume": 16718435, "typical_volume": 30037352.95, "trend": 48.56304, "fair_value": 45.241258, "relative_strength": -3.268402, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.569411, "energy": 19.359237, "activity_lines": [ 46.910937, 48.055146, 46.992656, 47.013398 ] }, { "date": "2024-07-12", "close": 44.38105, "volume": 17440595, "typical_volume": 28406234.35, "trend": 48.107238, "fair_value": 45.2641, "relative_strength": -2.728853, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.434455, "energy": 24.96471, "activity_lines": [ 45.619066, 47.39846, 46.792845, 46.743592 ] }, { "date": "2024-07-19", "close": 41.897705, "volume": 14619829, "typical_volume": 26712342.5, "trend": 47.587036, "fair_value": 45.258389, "relative_strength": -8.445473, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.807321, "energy": 39.831762, "activity_lines": [ 43.902998, 46.279777, 46.357751, 46.342977 ] }, { "date": "2024-07-26", "close": 40.541344, "volume": 13444299, "typical_volume": 24805809.1, "trend": 46.988635, "fair_value": 45.220827, "relative_strength": -8.112306, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.585672, "energy": 62.66811, "activity_lines": [ 42.423631, 45.017527, 45.809361, 45.888416 ] }, { "date": "2024-08-02", "close": 42.456207, "volume": 24167631, "typical_volume": 24215385.15, "trend": 46.189223, "fair_value": 45.222518, "relative_strength": -3.294023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.000724, "energy": 57.93539, "activity_lines": [ 42.156346, 44.221115, 45.482002, 45.596001 ] }, { "date": "2024-08-09", "close": 40.890408, "volume": 16650519, "typical_volume": 23584949.3, "trend": 45.64652, "fair_value": 45.233821, "relative_strength": -5.214174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.865283, "energy": 59.127192, "activity_lines": [ 41.605157, 43.246818, 45.041091, 45.254142 ] }, { "date": "2024-08-16", "close": 41.957546, "volume": 17318620, "typical_volume": 23262613.55, "trend": 45.182977, "fair_value": 45.233395, "relative_strength": -2.364123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.5741, "energy": 47.394193, "activity_lines": [ 41.579892, 42.66728, 44.735077, 45.016144 ] }, { "date": "2024-08-23", "close": 39.075272, "volume": 16290673, "typical_volume": 23480220.8, "trend": 44.791829, "fair_value": 45.17879, "relative_strength": -7.328547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.046592, "energy": 46.899496, "activity_lines": [ 40.755435, 41.717825, 44.162617, 44.622099 ] }, { "date": "2024-08-30", "close": 38.257462, "volume": 16851414, "typical_volume": 23488338.3, "trend": 44.62271, "fair_value": 45.11031, "relative_strength": -11.174637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.245132, "energy": 59.309272, "activity_lines": [ 39.846537, 40.858854, 43.533982, 44.200526 ] }, { "date": "2024-09-06", "close": 35.614544, "volume": 14853511, "typical_volume": 22777807.45, "trend": 44.572371, "fair_value": 45.004788, "relative_strength": -14.981496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.947591, "energy": 71.955846, "activity_lines": [ 38.208926, 39.717368, 42.660029, 43.619354 ] }, { "date": "2024-09-13", "close": 34.617218, "volume": 10438669, "typical_volume": 21920943.2, "trend": 44.309006, "fair_value": 44.860229, "relative_strength": -15.678885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.866573, "energy": 81.48114, "activity_lines": [ 36.694983, 38.58386, 41.723966, 42.977087 ] }, { "date": "2024-09-20", "close": 34.716953, "volume": 7556333, "typical_volume": 21445031.1, "trend": 43.97828, "fair_value": 44.727506, "relative_strength": -16.226567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.311301, "energy": 82.825235, "activity_lines": [ 35.632498, 37.628965, 40.84169, 42.358244 ] }, { "date": "2024-09-27", "close": 41.598507, "volume": 26698531, "typical_volume": 20830232.9, "trend": 43.857146, "fair_value": 44.639479, "relative_strength": -14.674785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.575778, "energy": 59.181635, "activity_lines": [ 37.34657, 38.100973, 40.658075, 42.204711 ] }, { "date": "2024-10-04", "close": 44.799927, "volume": 11017787, "typical_volume": 19908071.55, "trend": 43.72845, "fair_value": 44.637219, "relative_strength": -16.757532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.310992, "energy": 20.510781, "activity_lines": [ 39.959567, 39.160496, 40.80777, 42.265535 ] }, { "date": "2024-10-11", "close": 42.635727, "volume": 47667186, "typical_volume": 20260612.05, "trend": 43.485436, "fair_value": 44.591094, "relative_strength": -16.805006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.116572, "energy": 21.340947, "activity_lines": [ 41.414999, 39.749101, 40.761893, 42.195037 ] }, { "date": "2024-10-18", "close": 46.964127, "volume": 42725241, "typical_volume": 20718709.3, "trend": 43.455034, "fair_value": 44.604146, "relative_strength": -10.731947, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 18.246379, "energy": 28.389916, "activity_lines": [ 43.845153, 41.121423, 41.155362, 42.419469 ] }, { "date": "2024-10-25", "close": 46.076508, "volume": 31708164, "typical_volume": 20680703.3, "trend": 43.535947, "fair_value": 44.609484, "relative_strength": -14.366452, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.411599, "energy": 32.878192, "activity_lines": [ 45.156306, 42.221928, 41.487947, 42.588596 ] }, { "date": "2024-11-01", "close": 44.29129, "volume": 26323435, "typical_volume": 20654352.05, "trend": 43.557823, "fair_value": 44.623208, "relative_strength": -16.201355, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.275626, "energy": 28.273607, "activity_lines": [ 45.115083, 42.922958, 41.671265, 42.637328 ] }, { "date": "2024-11-08", "close": 56.129562, "volume": 68937544, "typical_volume": 23066202.5, "trend": 44.108849, "fair_value": 44.719518, "relative_strength": -0.413598, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.118317, "energy": 61.793247, "activity_lines": [ 48.840432, 45.681564, 43.019841, 43.448408 ] }, { "date": "2024-11-15", "close": 61.654755, "volume": 75626804, "typical_volume": 25852761.0, "trend": 44.746736, "fair_value": 44.856777, "relative_strength": 13.479954, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.036549, "energy": 73.536177, "activity_lines": [ 53.652202, 49.119804, 44.861382, 44.580402 ] }, { "date": "2024-11-22", "close": 70.660614, "volume": 94589584, "typical_volume": 29746318.45, "trend": 45.638166, "fair_value": 45.030453, "relative_strength": 33.310648, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.804461, "energy": 91.923391, "activity_lines": [ 60.197991, 53.722015, 47.486204, 46.252265 ] }, { "date": "2024-11-29", "close": 73.901924, "volume": 69161785, "typical_volume": 32332377.95, "trend": 46.641408, "fair_value": 45.234933, "relative_strength": 36.349969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.920191, "energy": 94.824537, "activity_lines": [ 66.24445, 58.258219, 50.290117, 48.075733 ] }, { "date": "2024-12-06", "close": 80.663803, "volume": 94556204, "typical_volume": 36329196.7, "trend": 47.744696, "fair_value": 45.43595, "relative_strength": 45.416032, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.19286, "energy": 94.702223, "activity_lines": [ 72.689842, 63.311403, 53.597443, 50.270726 ] }, { "date": "2024-12-13", "close": 77.75161, "volume": 73839927, "typical_volume": 39348978.1, "trend": 48.769289, "fair_value": 45.600043, "relative_strength": 40.56904, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.464185, "energy": 89.664463, "activity_lines": [ 75.739668, 67.124819, 56.442817, 52.206656 ] }, { "date": "2024-12-20", "close": 74.390617, "volume": 49417680, "typical_volume": 40611480.55, "trend": 49.63796, "fair_value": 45.762152, "relative_strength": 34.899793, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.36801, "energy": 79.031091, "activity_lines": [ 76.227693, 69.728023, 58.790904, 53.859645 ] }, { "date": "2024-12-27", "close": 75.278244, "volume": 47293562, "typical_volume": 42143632.7, "trend": 50.416208, "fair_value": 45.907467, "relative_strength": 35.9756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.278546, "energy": 63.200696, "activity_lines": [ 76.162537, 71.915253, 61.071459, 55.513857 ] }, { "date": "2025-01-03", "close": 69.862755, "volume": 32855480, "typical_volume": 42920475.7, "trend": 51.063806, "fair_value": 46.012583, "relative_strength": 35.878433, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.065825, "energy": 52.917392, "activity_lines": [ 73.984375, 72.603046, 62.672501, 56.768473 ] }, { "date": "2025-01-10", "close": 91.754082, "volume": 81609949, "typical_volume": 46186439.5, "trend": 52.381275, "fair_value": 46.243818, "relative_strength": 78.256363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.50336, "energy": 61.237331, "activity_lines": [ 79.3726, 76.838603, 66.22555, 59.393652 ] }, { "date": "2025-01-17", "close": 94.247398, "volume": 95085893, "typical_volume": 50098163.45, "trend": 53.884579, "fair_value": 46.51199, "relative_strength": 74.558007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.751367, "energy": 62.636863, "activity_lines": [ 84.852579, 80.664531, 69.765206, 62.094692 ] }, { "date": "2025-01-24", "close": 100.600372, "volume": 66602990, "typical_volume": 52685637.4, "trend": 55.703703, "fair_value": 46.822955, "relative_strength": 81.32614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.198303, "energy": 66.680008, "activity_lines": [ 91.350497, 84.952493, 73.643288, 65.108614 ] }, { "date": "2025-01-31", "close": 93.00074, "volume": 12521957, "typical_volume": 52789801.8, "trend": 57.355609, "fair_value": 47.060068, "relative_strength": 67.368787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.847061, "energy": 73.308713, "activity_lines": [ 93.567887, 87.150602, 76.48814, 67.514875 ] }, { "date": "2025-02-07", "close": 111.431343, "volume": 51380642, "typical_volume": 54981017.25, "trend": 59.590619, "fair_value": 47.456334, "relative_strength": 88.644413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.429371, "energy": 85.277299, "activity_lines": [ 100.747311, 92.293545, 80.81027, 71.003632 ] }, { "date": "2025-02-14", "close": 112.897408, "volume": 76153928, "typical_volume": 57453787.1, "trend": 61.957276, "fair_value": 47.872296, "relative_strength": 84.43378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.658133, "energy": 82.40632, "activity_lines": [ 105.644185, 97.020692, 84.906719, 74.44278 ] }, { "date": "2025-02-21", "close": 132.24556, "volume": 65301186, "typical_volume": 60167957.05, "trend": 65.014083, "fair_value": 48.410215, "relative_strength": 106.332671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.050072, "energy": 88.709983, "activity_lines": [ 115.580888, 104.67962, 90.50633, 78.977508 ] }, { "date": "2025-02-28", "close": 140.922302, "volume": 69713284, "typical_volume": 61270261.95, "trend": 68.296286, "fair_value": 49.042065, "relative_strength": 121.546484, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.052611, "energy": 88.904685, "activity_lines": [ 125.876627, 112.925338, 96.51589, 83.874812 ] }, { "date": "2025-03-07", "close": 158.375519, "volume": 75754723, "typical_volume": 62921736.05, "trend": 72.212456, "fair_value": 49.79735, "relative_strength": 136.505932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.31328, "energy": 90.127013, "activity_lines": [ 139.301976, 123.134702, 103.71963, 89.686375 ] }, { "date": "2025-03-14", "close": 147.265305, "volume": 57472680, "typical_volume": 64209961.85, "trend": 75.722715, "fair_value": 50.479618, "relative_strength": 111.797282, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.426065, "energy": 82.568543, "activity_lines": [ 144.665602, 129.813167, 109.334724, 94.528495 ] }, { "date": "2025-03-21", "close": 134.888474, "volume": 50160539, "typical_volume": 65401817.05, "trend": 78.916488, "fair_value": 51.07805, "relative_strength": 94.770447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.071386, "energy": 65.899988, "activity_lines": [ 143.514687, 132.83398, 113.28922, 98.34564 ] }, { "date": "2025-03-28", "close": 130.380554, "volume": 35612059, "typical_volume": 63735542.8, "trend": 81.987258, "fair_value": 51.674744, "relative_strength": 85.475055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.109134, "energy": 58.80018, "activity_lines": [ 139.395061, 134.250909, 116.382976, 101.665903 ] }, { "date": "2025-04-04", "close": 121.873352, "volume": 25299485, "typical_volume": 61219176.85, "trend": 84.862552, "fair_value": 52.258138, "relative_strength": 73.790034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.801888, "energy": 41.142083, "activity_lines": [ 132.564035, 133.464108, 118.312946, 104.239199 ] }, { "date": "2025-04-11", "close": 113.236504, "volume": 53470998, "typical_volume": 59163247.55, "trend": 87.483195, "fair_value": 52.792012, "relative_strength": 66.773074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.162245, "energy": 25.17157, "activity_lines": [ 124.12399, 130.72019, 119.133603, 106.069777 ] }, { "date": "2025-04-18", "close": 109.257172, "volume": 43372866, "typical_volume": 57873801.6, "trend": 89.967868, "fair_value": 53.309147, "relative_strength": 58.865741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.461425, "energy": 26.149441, "activity_lines": [ 117.366768, 126.884833, 119.372535, 107.474549 ] }, { "date": "2025-04-25", "close": 127.00959, "volume": 54180919, "typical_volume": 55855037.35, "trend": 92.814905, "fair_value": 53.947588, "relative_strength": 78.177059, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.341732, "energy": 23.654011, "activity_lines": [ 119.060894, 126.31672, 121.133814, 109.864338 ] }, { "date": "2025-05-02", "close": 126.72036, "volume": 27429275, "typical_volume": 53534504.75, "trend": 95.545586, "fair_value": 54.594832, "relative_strength": 74.24369, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.7913, "energy": 20.369743, "activity_lines": [ 121.183869, 125.439434, 122.646854, 112.051787 ] }, { "date": "2025-05-09", "close": 123.668541, "volume": 33050931, "typical_volume": 52716167.3, "trend": 98.246679, "fair_value": 55.237845, "relative_strength": 63.108209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.374367, "energy": 18.020674, "activity_lines": [ 122.533584, 124.10773, 123.636059, 113.866171 ] }, { "date": "2025-05-16", "close": 120.596779, "volume": 49349832, "typical_volume": 52818980.8, "trend": 100.701101, "fair_value": 55.876366, "relative_strength": 55.435663, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.754876, "energy": 21.166031, "activity_lines": [ 122.739699, 122.531228, 124.098059, 115.308113 ] }, { "date": "2025-05-23", "close": 111.441315, "volume": 29318226, "typical_volume": 52642118.1, "trend": 102.879928, "fair_value": 56.464832, "relative_strength": 42.198042, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.943677, "energy": 9.397355, "activity_lines": [ 119.403308, 119.976983, 123.472308, 116.00103 ] }, { "date": "2025-05-30", "close": 103.059998, "volume": 24668244, "typical_volume": 49795032.85, "trend": 104.838885, "fair_value": 56.997773, "relative_strength": 31.166739, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.150994, "energy": 12.036433, "activity_lines": [ 113.127535, 116.550207, 121.850343, 116.012647 ] }, { "date": "2025-06-06", "close": 103.089996, "volume": 23807551, "typical_volume": 46231115.75, "trend": 106.404233, "fair_value": 57.515617, "relative_strength": 27.892624, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.630024, "energy": 34.859879, "activity_lines": [ 108.458401, 113.707585, 120.177397, 115.899816 ] }, { "date": "2025-06-13", "close": 100.089996, "volume": 40277336, "typical_volume": 44914833.05, "trend": 107.685408, "fair_value": 58.010949, "relative_strength": 23.651657, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.171885, "energy": 54.254345, "activity_lines": [ 104.364624, 110.815701, 118.176629, 115.492446 ] }, { "date": "2025-06-20", "close": 98.400002, "volume": 34239159, "typical_volume": 46000693.15, "trend": 108.610054, "fair_value": 58.49837, "relative_strength": 21.694862, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.458896, "energy": 59.052548, "activity_lines": [ 101.27942, 108.012606, 116.017339, 114.893387 ] }, { "date": "2025-06-27", "close": 106.739998, "volume": 44387662, "typical_volume": 45651044.15, "trend": 109.704656, "fair_value": 58.998278, "relative_strength": 25.737418, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.522395, "energy": 49.768352, "activity_lines": [ 102.453998, 106.995628, 114.626624, 114.772738 ] }, { "date": "2025-07-04", "close": 103.0, "volume": 25838428, "typical_volume": 43135269.15, "trend": 110.449196, "fair_value": 59.477513, "relative_strength": 18.489747, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.876474, "energy": 35.059382, "activity_lines": [ 102.695332, 105.344418, 112.902059, 114.34018 ] }, { "date": "2025-07-11", "close": 107.989998, "volume": 36692603, "typical_volume": 41704840.0, "trend": 111.457142, "fair_value": 59.951427, "relative_strength": 20.628625, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.682616, "energy": 26.278983, "activity_lines": [ 104.603999, 105.037018, 111.699862, 114.181522 ] }, { "date": "2025-07-18", "close": 114.18, "volume": 48402699, "typical_volume": 40639310.75, "trend": 112.783455, "fair_value": 60.469182, "relative_strength": 23.366891, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.793179, "energy": 10.484204, "activity_lines": [ 108.249333, 106.195624, 111.202692, 114.35719 ] }, { "date": "2025-07-25", "close": 115.610001, "volume": 38991784, "typical_volume": 38801163.8, "trend": 114.127847, "fair_value": 60.99565, "relative_strength": 20.527241, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.697418, "energy": 10.762249, "activity_lines": [ 111.432, 107.78675, 110.969056, 114.539548 ] }, { "date": "2025-08-01", "close": 109.5, "volume": 27056416, "typical_volume": 37280350.6, "trend": 115.449089, "fair_value": 61.469657, "relative_strength": 14.709918, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.668843, "energy": 21.421911, "activity_lines": [ 111.430667, 108.357636, 110.357162, 114.240977 ] }, { "date": "2025-08-08", "close": 117.279999, "volume": 43116614, "typical_volume": 36928154.35, "trend": 116.299953, "fair_value": 62.00041, "relative_strength": 19.839958, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.819688, "energy": 17.662804, "activity_lines": [ 113.838666, 110.378363, 110.666054, 114.3591 ] }, { "date": "2025-08-15", "close": 118.940002, "volume": 35338380, "typical_volume": 36914470.4, "trend": 117.123039, "fair_value": 62.549852, "relative_strength": 14.943918, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.115976, "energy": 15.151446, "activity_lines": [ 115.848001, 112.442364, 111.216891, 114.529426 ] }, { "date": "2025-08-22", "close": 125.559998, "volume": 47775067, "typical_volume": 38038249.5, "trend": 117.955027, "fair_value": 63.103926, "relative_strength": 14.666786, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.42006, "energy": 32.216795, "activity_lines": [ 119.334, 115.421818, 112.452683, 115.073746 ] }, { "date": "2025-08-29", "close": 122.339996, "volume": 44732626, "typical_volume": 37601330.9, "trend": 118.933002, "fair_value": 63.647081, "relative_strength": 5.917707, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.24847, "energy": 38.664562, "activity_lines": [ 120.987998, 117.352726, 113.364253, 115.356647 ] }, { "date": "2025-09-05", "close": 116.480003, "volume": 51243462, "typical_volume": 37994860.7, "trend": 119.101291, "fair_value": 64.107767, "relative_strength": 0.653653, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.086924, "energy": 33.12693, "activity_lines": [ 120.24, 117.782909, 113.674379, 115.198389 ] }, { "date": "2025-09-12", "close": 135.960007, "volume": 67311653, "typical_volume": 38651397.4, "trend": 119.870044, "fair_value": 64.678221, "relative_strength": 12.992628, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.895879, "energy": 49.394707, "activity_lines": [ 125.520002, 121.577819, 115.805348, 116.286048 ] }, { "date": "2025-09-19", "close": 137.440002, "volume": 86749937, "typical_volume": 41617430.5, "trend": 120.043192, "fair_value": 65.293164, "relative_strength": 11.508715, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.443301, "energy": 49.931469, "activity_lines": [ 130.048002, 125.042547, 118.034648, 117.419594 ] }, { "date": "2025-09-26", "close": 135.179993, "volume": 42167852, "typical_volume": 42073276.55, "trend": 119.851782, "fair_value": 65.883445, "relative_strength": 7.246028, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.91928, "energy": 53.544443, "activity_lines": [ 132.589333, 127.560909, 119.997664, 118.396162 ] }, { "date": "2025-10-03", "close": 137.149994, "volume": 12067604, "typical_volume": 40209165.15, "trend": 119.144264, "fair_value": 66.487981, "relative_strength": 5.009503, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.714317, "energy": 72.005225, "activity_lines": [ 135.145998, 130.055635, 122.093482, 119.512176 ] }, { "date": "2025-10-10", "close": 132.699997, "volume": 13970849, "typical_volume": 39441796.3, "trend": 118.658754, "fair_value": 67.025147, "relative_strength": 1.749181, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.901221, "energy": 62.187758, "activity_lines": [ 135.231997, 131.349635, 123.686666, 120.386739 ] }, { "date": "2025-10-17", "close": 113.370003, "volume": 37135296, "typical_volume": 40065148.9, "trend": 117.941472, "fair_value": 67.464496, "relative_strength": -9.29251, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.784706, "energy": 21.841495, "activity_lines": [ 127.793332, 128.707272, 123.337666, 120.045529 ] }, { "date": "2025-10-24", "close": 118.010002, "volume": 21957268, "typical_volume": 39972634.75, "trend": 117.52912, "fair_value": 67.988939, "relative_strength": -10.637108, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.859152, "energy": 17.503543, "activity_lines": [ 123.407333, 126.979636, 123.381476, 120.049951 ] }, { "date": "2025-10-31", "close": 118.559998, "volume": 25502446, "typical_volume": 39233890.25, "trend": 117.418675, "fair_value": 68.51329, "relative_strength": -11.609401, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.391728, "energy": 20.84756, "activity_lines": [ 120.5, 125.368908, 123.406619, 120.116459 ] }, { "date": "2025-11-07", "close": 113.779999, "volume": 26827972, "typical_volume": 38863330.9, "trend": 117.436791, "fair_value": 69.004874, "relative_strength": -15.894762, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.457537, "energy": 24.154022, "activity_lines": [ 117.107333, 123.016363, 122.888571, 119.881706 ] }, { "date": "2025-11-14", "close": 104.449997, "volume": 18369363, "typical_volume": 37562415.95, "trend": 117.276552, "fair_value": 69.441987, "relative_strength": -22.015011, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.06794, "energy": 39.064371, "activity_lines": [ 112.162665, 119.12309, 121.408713, 119.043848 ] }, { "date": "2025-11-21", "close": 102.459999, "volume": 14187415, "typical_volume": 36979865.3, "trend": 116.458232, "fair_value": 69.818861, "relative_strength": -19.578399, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.580692, "energy": 53.738245, "activity_lines": [ 108.437999, 115.086726, 119.750237, 118.087941 ] }, { "date": "2025-11-28", "close": 104.959999, "volume": 18590896, "typical_volume": 36074779.95, "trend": 115.732887, "fair_value": 70.222162, "relative_strength": -20.614264, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.702117, "energy": 57.115907, "activity_lines": [ 106.273999, 112.113999, 118.332428, 117.34612 ] }, { "date": "2025-12-05", "close": 109.169998, "volume": 22041015, "typical_volume": 34756695.75, "trend": 115.249602, "fair_value": 70.641325, "relative_strength": -18.584885, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.499335, "energy": 53.143696, "activity_lines": [ 106.383332, 110.497271, 117.329999, 116.922708 ] }, { "date": "2025-12-12", "close": 108.099998, "volume": 22516846, "typical_volume": 33932948.85, "trend": 114.833043, "fair_value": 71.075607, "relative_strength": -20.190458, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.613699, "energy": 47.62355, "activity_lines": [ 106.761998, 109.158908, 116.249523, 116.461443 ] }, { "date": "2025-12-19", "close": 101.989998, "volume": 16108256, "typical_volume": 33385540.85, "trend": 114.517999, "fair_value": 71.468913, "relative_strength": -24.135151, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.069952, "energy": 52.265943, "activity_lines": [ 105.482665, 107.237817, 114.622904, 115.632859 ] }, { "date": "2025-12-26", "close": 116.519997, "volume": 52399948, "typical_volume": 33849707.55, "trend": 114.966666, "fair_value": 71.968882, "relative_strength": -16.51718, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.224535, "energy": 17.126326, "activity_lines": [ 109.210664, 108.516907, 114.415856, 115.76202 ] }, { "date": "2026-01-02", "close": 124.18, "volume": 35835755, "typical_volume": 33874576.3, "trend": 115.669666, "fair_value": 72.538348, "relative_strength": -10.864837, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 14.72234, "energy": 14.744884, "activity_lines": [ 114.554665, 111.131453, 114.941951, 116.356429 ] }, { "date": "2026-01-09", "close": 128.940002, "volume": 42324867, "typical_volume": 33602066.3, "trend": 116.631333, "fair_value": 73.152346, "relative_strength": -11.310099, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 29.365557, "energy": 28.976217, "activity_lines": [ 120.204, 114.499272, 115.896428, 117.21258 ] }, { "date": "2026-01-16", "close": 125.470001, "volume": 38459500, "typical_volume": 33288410.0, "trend": 117.533666, "fair_value": 73.739261, "relative_strength": -14.591361, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.91996, "energy": 38.418874, "activity_lines": [ 123.378667, 117.047454, 116.504332, 117.782816 ] }, { "date": "2026-01-23", "close": 129.5, "volume": 39890162, "typical_volume": 32720745.0, "trend": 118.292333, "fair_value": 74.338263, "relative_strength": -12.684713, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.805196, "energy": 49.260679, "activity_lines": [ 126.738667, 120.115818, 117.481142, 118.554838 ] }, { "date": "2026-01-30", "close": 117.059998, "volume": 27738076, "typical_volume": 30742066.15, "trend": 118.760999, "fair_value": 74.849878, "relative_strength": -19.635588, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.992565, "energy": 31.30122, "activity_lines": [ 124.118, 120.466909, 117.21119, 118.475333 ] }, { "date": "2026-02-06", "close": 121.690002, "volume": 28632271, "typical_volume": 27836182.85, "trend": 119.217666, "fair_value": 75.37132, "relative_strength": -14.373028, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.432239, "energy": 18.013057, "activity_lines": [ 123.004667, 121.394364, 117.47219, 118.6643 ] }, { "date": "2026-02-13", "close": 126.709999, "volume": 23681612, "typical_volume": 26911870.85, "trend": 119.635333, "fair_value": 75.891388, "relative_strength": -11.812395, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.85802, "energy": 18.289346, "activity_lines": [ 123.730667, 122.930364, 118.286285, 119.147677 ] }, { "date": "2026-02-27", "close": 118.849998, "volume": 16371527, "typical_volume": 27127067.0, "trend": 119.743333, "fair_value": 76.335928, "relative_strength": -18.950118, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.014815, "energy": 4.257081, "activity_lines": [ 121.985333, 122.718363, 118.392142, 119.09701 ] }, { "date": "2026-03-06", "close": 117.720001, "volume": 27632862, "typical_volume": 27810167.65, "trend": 120.017333, "fair_value": 76.783942, "relative_strength": -17.110383, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.929162, "energy": 5.462255, "activity_lines": [ 120.304666, 122.105454, 118.477523, 118.966472 ] }, { "date": "2026-03-13", "close": 114.220001, "volume": 33984715, "typical_volume": 27652638.6, "trend": 119.915333, "fair_value": 77.214675, "relative_strength": -19.158854, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.472589, "energy": 11.471168, "activity_lines": [ 118.242667, 120.570182, 118.300904, 118.592451 ] }, { "date": "2026-03-20", "close": 103.529999, "volume": 17943820, "typical_volume": 27451966.2, "trend": 119.401666, "fair_value": 77.592304, "relative_strength": -23.651385, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.351139, "energy": 33.347899, "activity_lines": [ 112.806666, 117.133091, 117.102142, 117.535333 ] }, { "date": "2026-03-27", "close": 99.459999, "volume": 21379772, "typical_volume": 27245832.5, "trend": 118.531666, "fair_value": 77.947686, "relative_strength": -25.296456, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.258059, "energy": 57.349168, "activity_lines": [ 107.224666, 113.331454, 115.584714, 116.248774 ] }, { "date": "2026-04-03", "close": 93.779999, "volume": 14645312, "typical_volume": 26636699.5, "trend": 117.579666, "fair_value": 78.251373, "relative_strength": -26.645117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.265999, "energy": 75.245099, "activity_lines": [ 101.565999, 109.03309, 113.617285, 114.651892 ] }, { "date": "2026-04-10", "close": 99.434319, "volume": 12053068, "typical_volume": 26320884.75, "trend": 117.011477, "fair_value": 78.538487, "relative_strength": -26.713817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.281782, "energy": 73.764353, "activity_lines": [ 99.463439, 106.338967, 112.283601, 113.481224 ] }, { "date": "2026-04-17", "close": 101.337311, "volume": 16203621, "typical_volume": 26421695.05, "trend": 115.857387, "fair_value": 78.830881, "relative_strength": -27.509164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.647281, "energy": 71.585108, "activity_lines": [ 99.214255, 104.53749, 111.155039, 112.469988 ] }, { "date": "2026-04-24", "close": 95.947144, "volume": 16541338, "typical_volume": 26319217.15, "trend": 114.474291, "fair_value": 79.083703, "relative_strength": -30.945767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.954169, "energy": 69.135657, "activity_lines": [ 98.027195, 102.04185, 109.518474, 111.185456 ] }, { "date": "2026-05-01", "close": 96.236069, "volume": 20823045, "typical_volume": 26258318.65, "trend": 113.176161, "fair_value": 79.343803, "relative_strength": -30.580569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.566251, "energy": 52.231918, "activity_lines": [ 97.441966, 100.066794, 107.952343, 110.008796 ] }, { "date": "2026-05-08", "close": 102.971306, "volume": 16642710, "typical_volume": 25964611.85, "trend": 112.036871, "fair_value": 79.669961, "relative_strength": -26.952863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.341096, "energy": 41.114978, "activity_lines": [ 99.316745, 99.870398, 107.089254, 109.350419 ] }, { "date": "2026-05-15", "close": 105.601631, "volume": 33725721, "typical_volume": 26845485.1, "trend": 111.133592, "fair_value": 80.034414, "relative_strength": -24.202013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.056184, "energy": 31.663019, "activity_lines": [ 101.455546, 100.440947, 106.501095, 108.935242 ] }, { "date": "2026-05-22", "close": 111.270782, "volume": 53649359, "typical_volume": 26907955.65, "trend": 111.063618, "fair_value": 80.422907, "relative_strength": -19.501924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.721561, "energy": 17.663653, "activity_lines": [ 105.072909, 102.262584, 106.435656, 108.944093 ] }, { "date": "2026-05-29", "close": 96.475197, "volume": 39820424, "typical_volume": 27107189.1, "trend": 110.345791, "fair_value": 80.655914, "relative_strength": -29.370013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.707035, "energy": 23.392106, "activity_lines": [ 103.096179, 101.447737, 104.98611, 108.002904 ] }, { "date": "2026-06-05", "close": 104.685005, "volume": 11554635, "typical_volume": 25568677.5, "trend": 109.883292, "fair_value": 80.899271, "relative_strength": -21.465823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.425061, "energy": 17.71209, "activity_lines": [ 103.820848, 102.253851, 104.450378, 107.637692 ] }, { "date": "2026-06-12", "close": 97.230003, "volume": 5344737, "typical_volume": 23912939.35, "trend": 109.331625, "fair_value": 81.11745, "relative_strength": -24.743337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.069123, "energy": 27.214024, "activity_lines": [ 101.497255, 101.609511, 103.320146, 106.821351 ] }, { "date": "2026-06-19", "close": 98.230003, "volume": 16783118, "typical_volume": 22757587.15, "trend": 109.124292, "fair_value": 81.359711, "relative_strength": -28.431841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.72796, "energy": 35.35428, "activity_lines": [ 99.889748, 101.084261, 102.419629, 106.105118 ] }, { "date": "2026-06-26", "close": 81.550003, "volume": 5660109, "typical_volume": 21653688.8, "trend": 108.427292, "fair_value": 81.557263, "relative_strength": -39.00961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.96277, "energy": 69.508206, "activity_lines": [ 93.213683, 97.548181, 100.079444, 104.326131 ] }, { "date": "2026-07-03", "close": 100.800003, "volume": 9609935, "typical_volume": 20702572.0, "trend": 108.288626, "fair_value": 81.846085, "relative_strength": -23.052407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.00327, "energy": 52.810506, "activity_lines": [ 94.93567, 97.871869, 99.741689, 103.834048 ] }, { "date": "2026-07-10", "close": 86.730003, "volume": 32133758, "typical_volume": 21125179.3, "trend": 107.540626, "fair_value": 82.030125, "relative_strength": -30.728888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.347114, "energy": 60.315995, "activity_lines": [ 91.679336, 95.549143, 98.163409, 102.443169 ] }, { "date": "2026-07-17", "close": 79.940002, "volume": 18794840, "typical_volume": 21246344.95, "trend": 106.601959, "fair_value": 82.145038, "relative_strength": -29.213597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.378213, "energy": 68.680239, "activity_lines": [ 87.356669, 92.164708, 96.128844, 100.662484 ] }, { "date": "2026-07-24", "close": 73.620003, "volume": 15781400, "typical_volume": 20653771.85, "trend": 105.656293, "fair_value": 82.240871, "relative_strength": -34.346594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.21058, "energy": 66.173175, "activity_lines": [ 82.080003, 88.049933, 93.677659, 98.534616 ] }, { "date": "2026-07-31", "close": 77.540001, "volume": 13877179, "typical_volume": 19648395.05, "trend": 104.356959, "fair_value": 82.373387, "relative_strength": -29.076302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.149635, "energy": 75.032376, "activity_lines": [ 79.750669, 85.22937, 91.809808, 96.720661 ] }, { "date": "2026-08-07", "close": 81.150002, "volume": 16790772, "typical_volume": 19590742.65, "trend": 102.922626, "fair_value": 82.552017, "relative_strength": -28.841881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.008545, "energy": 70.870018, "activity_lines": [ 78.892002, 83.678457, 90.460433, 95.223438 ] } ], "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." } } }