{ "ticker": { "uuid": "96bf0683-3a63-4466-b813-ca2ea0b57827", "symbol": "000065", "name": "NORINCO International Cooperation 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -65.547, "architecture_energy": 81.74, "architecture_maturity": 31.255, "architecture_confidence": 94.191, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 11.53, "rotation_up": 15.11, "upward_expansion": 20.45, "deceleration": 37.95, "rotation_down": 68.81, "downward_expansion": 93.78 }, "activity_lines": [ 9.066667, 9.5249, 10.68147, 11.360237 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 9.11, "trend_reference": 11.997638, "distance_from_trend": -0.240684, "trend_direction": "Weakening", "fair_value": 11.251797, "distance_from_fair_value": -0.190352, "fair_value_direction": "Weakening", "relative_strength": -25.942373, "relative_strength_direction": "Weakening", "price_momentum": -0.27813, "excess_performance": -0.28553, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.240684, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.052225, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.190352, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.328743, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.259424, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.167171, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.27813, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.799161, "read": "Supply-led" } ], "volume": { "latest": 124344817, "relative_activity": 0.875775, "balance": 0.799161, "dry_up": 0.580507, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.111428, "annualized_volatility": 0.432848, "from_high_reference": -0.443494, "from_low_reference": 0.078107 }, "levels": { "trend_reference": 11.997638, "fair_value_reference": 11.251797, "structural_low": 8.45, "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": 11, "median_return": -0.031222, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": 0.005571, "regime_survival": 0.818182, "best_return": 0.234146, "worst_return": -0.139678, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.003689, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.047488, "regime_survival": 0.5, "best_return": 0.221591, "worst_return": -0.189563, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.001889, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.033369, "regime_survival": 0.0, "best_return": 0.006198, "worst_return": -0.009977, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.061422, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.188332, "regime_survival": 0.5, "best_return": 0.099056, "worst_return": -0.2219, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-12-13", "tenure": "Developing", "return": 0.029644, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": -0.1133, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": -0.00616, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": 0.175745, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-05-23", "tenure": "Developing", "return": -0.050984, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": 0.098187, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-26", "tenure": "Developing", "return": -0.025501, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-11-28", "tenure": "Developing", "return": 0.162684, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-01-16", "tenure": "Developing", "return": -0.065149, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-23", "end": "2026-03-06", "tenure": "Developing", "return": 0.03621, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-05-08", "tenure": "Developing", "return": -0.036089, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-12", "tenure": "Developing", "return": -0.076433, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": -0.155844, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.067554, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 14.763221, "volume": 63192543, "typical_volume": 198661609.15, "trend": 13.410094, "fair_value": 8.455218, "relative_strength": 32.142809, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.912452, "energy": 10.444789, "activity_lines": [ 14.649974, 14.834861, 15.235166, 14.690078 ] }, { "date": "2023-08-04", "close": 16.637917, "volume": 141531408, "typical_volume": 184537718.7, "trend": 13.697248, "fair_value": 8.519073, "relative_strength": 44.701835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.544146, "energy": 22.362684, "activity_lines": [ 15.29829, 15.16021, 15.346035, 14.898325 ] }, { "date": "2023-08-11", "close": 16.286411, "volume": 76740043, "typical_volume": 157343740.85, "trend": 13.966202, "fair_value": 8.579744, "relative_strength": 44.820642, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 46.609005, "energy": 29.522221, "activity_lines": [ 15.694059, 15.374295, 15.424501, 15.065368 ] }, { "date": "2023-08-18", "close": 15.866556, "volume": 102939555, "typical_volume": 144782295.4, "trend": 14.21954, "fair_value": 8.637888, "relative_strength": 43.346097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.457943, "energy": 40.257968, "activity_lines": [ 15.871114, 15.486993, 15.459431, 15.187971 ] }, { "date": "2023-08-25", "close": 14.157851, "volume": 89517892, "typical_volume": 137826673.9, "trend": 14.411059, "fair_value": 8.682338, "relative_strength": 30.293721, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.227447, "energy": 16.667068, "activity_lines": [ 15.410251, 15.267006, 15.326696, 15.183991 ] }, { "date": "2023-09-01", "close": 14.431243, "volume": 85601314, "typical_volume": 133012267.35, "trend": 14.57279, "fair_value": 8.729089, "relative_strength": 27.299867, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.789405, "energy": 3.883411, "activity_lines": [ 15.039868, 15.131773, 15.221304, 15.185293 ] }, { "date": "2023-09-08", "close": 14.216435, "volume": 57094120, "typical_volume": 121155323.05, "trend": 14.71958, "fair_value": 8.775669, "relative_strength": 26.429449, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.888515, "energy": 21.50692, "activity_lines": [ 14.620015, 14.973947, 15.099859, 15.162303 ] }, { "date": "2023-09-15", "close": 13.406019, "volume": 64824086, "typical_volume": 111010612.5, "trend": 14.852648, "fair_value": 8.816944, "relative_strength": 19.889381, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.527525, "energy": 44.51983, "activity_lines": [ 14.091455, 14.675877, 14.904434, 15.077557 ] }, { "date": "2023-09-22", "close": 13.435312, "volume": 46807916, "typical_volume": 103989227.85, "trend": 14.977291, "fair_value": 8.859284, "relative_strength": 18.826371, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.035356, "energy": 55.689333, "activity_lines": [ 13.764685, 14.414023, 14.732015, 14.986116 ] }, { "date": "2023-09-29", "close": 14.4703, "volume": 112446552, "typical_volume": 94740529.2, "trend": 15.111148, "fair_value": 8.910011, "relative_strength": 27.571821, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.924784, "energy": 57.16161, "activity_lines": [ 13.944995, 14.365913, 14.687227, 14.953407 ] }, { "date": "2023-10-13", "close": 12.722537, "volume": 132289940, "typical_volume": 92320711.15, "trend": 15.170214, "fair_value": 8.949042, "relative_strength": 11.806559, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.911234, "energy": 63.717815, "activity_lines": [ 13.521886, 13.99417, 14.48525, 14.799303 ] }, { "date": "2023-10-20", "close": 11.78519, "volume": 99346136, "typical_volume": 91695691.35, "trend": 15.000937, "fair_value": 8.983544, "relative_strength": 8.154163, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.263135, "energy": 68.675807, "activity_lines": [ 12.900243, 13.489103, 14.207099, 14.580914 ] }, { "date": "2023-10-27", "close": 11.365336, "volume": 78260188, "typical_volume": 89309433.05, "trend": 14.861753, "fair_value": 9.015245, "relative_strength": 1.502601, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.308734, "energy": 74.700837, "activity_lines": [ 12.300731, 12.99593, 13.899667, 14.346359 ] }, { "date": "2023-11-03", "close": 11.072416, "volume": 56482798, "typical_volume": 87562495.1, "trend": 14.73647, "fair_value": 9.044356, "relative_strength": -2.444939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.103087, "energy": 83.092793, "activity_lines": [ 11.739625, 12.538973, 13.581212, 14.101886 ] }, { "date": "2023-11-10", "close": 10.945482, "volume": 59516029, "typical_volume": 83133040.6, "trend": 14.620246, "fair_value": 9.072215, "relative_strength": -5.360708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.488225, "energy": 85.95687, "activity_lines": [ 11.293733, 12.146104, 13.267732, 13.857306 ] }, { "date": "2023-11-17", "close": 11.150528, "volume": 49014305, "typical_volume": 80938287.6, "trend": 14.480061, "fair_value": 9.102265, "relative_strength": -4.212767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.095474, "energy": 83.394303, "activity_lines": [ 11.151179, 11.848922, 12.998256, 13.633453 ] }, { "date": "2023-11-24", "close": 10.965011, "volume": 57108513, "typical_volume": 78552803.25, "trend": 14.349253, "fair_value": 9.132769, "relative_strength": -5.043341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.829167, "energy": 82.959137, "activity_lines": [ 11.051585, 11.57766, 12.731046, 13.406676 ] }, { "date": "2023-12-01", "close": 10.965011, "volume": 39429464, "typical_volume": 75418266.45, "trend": 14.126379, "fair_value": 9.16174, "relative_strength": -4.520753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.831722, "energy": 81.706765, "activity_lines": [ 11.006671, 11.365514, 12.48118, 13.188338 ] }, { "date": "2023-12-08", "close": 10.603742, "volume": 39108014, "typical_volume": 74410033.25, "trend": 13.828573, "fair_value": 9.187956, "relative_strength": -6.515288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.502073, "energy": 77.768406, "activity_lines": [ 10.868022, 11.132065, 12.216621, 12.961071 ] }, { "date": "2023-12-15", "close": 11.697313, "volume": 85181824, "typical_volume": 76821632.0, "trend": 13.671279, "fair_value": 9.220196, "relative_strength": 4.232134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.801765, "energy": 54.597822, "activity_lines": [ 11.125141, 11.14893, 12.076391, 12.82357 ] }, { "date": "2023-12-22", "close": 11.502032, "volume": 145229038, "typical_volume": 80923456.75, "trend": 13.538921, "fair_value": 9.251238, "relative_strength": 3.596347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.159827, "energy": 45.008451, "activity_lines": [ 11.267045, 11.180707, 11.929233, 12.683619 ] }, { "date": "2023-12-29", "close": 10.955247, "volume": 60757893, "typical_volume": 76884781.0, "trend": 13.436314, "fair_value": 9.27768, "relative_strength": -5.053485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.211995, "energy": 42.647344, "activity_lines": [ 11.203253, 11.13526, 11.745529, 12.51693 ] }, { "date": "2024-01-05", "close": 10.857606, "volume": 41828282, "typical_volume": 75139192.95, "trend": 13.301277, "fair_value": 9.307003, "relative_strength": -2.406059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.016831, "energy": 41.039104, "activity_lines": [ 11.107565, 11.08715, 11.579587, 12.350562 ] }, { "date": "2024-01-12", "close": 10.310821, "volume": 36122665, "typical_volume": 71798348.45, "trend": 13.156442, "fair_value": 9.332492, "relative_strength": -6.697037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.950851, "energy": 58.175072, "activity_lines": [ 10.836776, 10.948856, 11.387422, 12.157629 ] }, { "date": "2024-01-19", "close": 9.773799, "volume": 39077127, "typical_volume": 69276310.2, "trend": 12.946053, "fair_value": 9.354375, "relative_strength": -9.999167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.878184, "energy": 84.478104, "activity_lines": [ 10.406508, 10.726768, 11.170567, 11.939394 ] }, { "date": "2024-01-26", "close": 11.140763, "volume": 92369701, "typical_volume": 69614729.55, "trend": 12.806191, "fair_value": 9.38491, "relative_strength": 1.990342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.297456, "energy": 53.11081, "activity_lines": [ 10.560129, 10.774523, 11.104776, 11.822924 ] }, { "date": "2024-02-02", "close": 10.047192, "volume": 133182845, "typical_volume": 73419165.8, "trend": 12.654189, "fair_value": 9.408764, "relative_strength": -0.787802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.89519, "energy": 52.908942, "activity_lines": [ 10.37331, 10.623625, 10.950504, 11.644924 ] }, { "date": "2024-02-09", "close": 10.0179, "volume": 88588955, "typical_volume": 74607409.25, "trend": 12.48462, "fair_value": 9.432595, "relative_strength": -10.123527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.837018, "energy": 47.291893, "activity_lines": [ 10.237265, 10.484088, 10.813296, 11.474841 ] }, { "date": "2024-02-23", "close": 10.808786, "volume": 67034921, "typical_volume": 75618759.5, "trend": 12.350202, "fair_value": 9.463084, "relative_strength": -6.220043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.583231, "energy": 34.088122, "activity_lines": [ 10.420829, 10.505569, 10.767545, 11.366722 ] }, { "date": "2024-03-01", "close": 10.965011, "volume": 63620305, "typical_volume": 73177447.15, "trend": 12.2441, "fair_value": 9.496, "relative_strength": -9.042072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.727247, "energy": 26.948908, "activity_lines": [ 10.62327, 10.551726, 10.749179, 11.277355 ] }, { "date": "2024-03-08", "close": 11.238404, "volume": 63229472, "typical_volume": 69724423.75, "trend": 12.126606, "fair_value": 9.533134, "relative_strength": -6.650069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.892085, "energy": 16.129921, "activity_lines": [ 10.837428, 10.660906, 10.773543, 11.212471 ] }, { "date": "2024-03-15", "close": 11.394629, "volume": 50042936, "typical_volume": 67259263.75, "trend": 11.951829, "fair_value": 9.570558, "relative_strength": -8.168685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.042667, "energy": 15.592777, "activity_lines": [ 11.097151, 10.803283, 10.819852, 11.165247 ] }, { "date": "2024-03-22", "close": 11.062652, "volume": 52133332, "typical_volume": 65952920.95, "trend": 11.777704, "fair_value": 9.60399, "relative_strength": -10.669819, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.901147, "energy": 13.411011, "activity_lines": [ 11.156386, 10.877312, 10.836405, 11.107881 ] }, { "date": "2024-03-29", "close": 10.62327, "volume": 37434395, "typical_volume": 65000500.8, "trend": 11.602928, "fair_value": 9.634441, "relative_strength": -12.238731, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.062988, "energy": 12.190016, "activity_lines": [ 10.999511, 10.867726, 10.812553, 11.033401 ] }, { "date": "2024-04-05", "close": 11.511797, "volume": 41438484, "typical_volume": 64096623.55, "trend": 11.514726, "fair_value": 9.669437, "relative_strength": -6.150586, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.890863, "energy": 7.542805, "activity_lines": [ 11.151179, 11.014009, 10.875461, 11.027522 ] }, { "date": "2024-04-12", "close": 10.906427, "volume": 49416540, "typical_volume": 64116735.3, "trend": 11.397232, "fair_value": 9.700279, "relative_strength": -7.921765, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.291218, "energy": 6.642352, "activity_lines": [ 11.064604, 11.018625, 10.878018, 10.988277 ] }, { "date": "2024-04-19", "close": 12.595604, "volume": 168106901, "typical_volume": 69666654.7, "trend": 11.343205, "fair_value": 9.742496, "relative_strength": 5.512747, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.576555, "energy": 26.56066, "activity_lines": [ 11.563221, 11.334624, 11.042612, 11.065591 ] }, { "date": "2024-04-26", "close": 12.107403, "volume": 81216956, "typical_volume": 71756029.3, "trend": 11.299917, "fair_value": 9.781146, "relative_strength": -0.52085, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.233196, "energy": 40.654798, "activity_lines": [ 11.819038, 11.515525, 11.152945, 11.114894 ] }, { "date": "2024-05-03", "close": 11.814482, "volume": 31855872, "typical_volume": 71393422.2, "trend": 11.24589, "fair_value": 9.795286, "relative_strength": -4.077608, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.985685, "energy": 42.88892, "activity_lines": [ 11.907566, 11.605177, 11.229942, 11.148092 ] }, { "date": "2024-05-10", "close": 12.341741, "volume": 114070236, "typical_volume": 72837842.8, "trend": 11.174938, "fair_value": 9.823711, "relative_strength": -0.852656, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.814951, "energy": 64.872098, "activity_lines": [ 12.092432, 11.772408, 11.351388, 11.218792 ] }, { "date": "2024-05-17", "close": 12.146459, "volume": 59660022, "typical_volume": 68559392.0, "trend": 11.155735, "fair_value": 9.855433, "relative_strength": -1.466764, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.928516, "energy": 58.976508, "activity_lines": [ 12.156874, 11.879102, 11.451167, 11.281471 ] }, { "date": "2024-05-24", "close": 11.238404, "volume": 44659777, "typical_volume": 67754486.2, "trend": 11.137509, "fair_value": 9.883361, "relative_strength": -5.650123, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.604751, "energy": 30.60352, "activity_lines": [ 11.835963, 11.804185, 11.461396, 11.286804 ] }, { "date": "2024-05-31", "close": 11.336043, "volume": 40805774, "typical_volume": 67703360.8, "trend": 11.136532, "fair_value": 9.913833, "relative_strength": -3.948984, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.528911, "energy": 19.517824, "activity_lines": [ 11.638078, 11.749862, 11.479576, 11.299613 ] }, { "date": "2024-06-07", "close": 11.091943, "volume": 41588001, "typical_volume": 67976627.6, "trend": 11.137183, "fair_value": 9.942192, "relative_strength": -4.785747, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.330197, "energy": 16.112333, "activity_lines": [ 11.410251, 11.646185, 11.472229, 11.296736 ] }, { "date": "2024-06-14", "close": 11.01383, "volume": 26062345, "typical_volume": 67325888.5, "trend": 11.139462, "fair_value": 9.968954, "relative_strength": -5.181925, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.514766, "energy": 18.890099, "activity_lines": [ 11.204555, 11.519785, 11.453724, 11.288778 ] }, { "date": "2024-06-21", "close": 10.490415, "volume": 46387067, "typical_volume": 65026756.8, "trend": 11.117458, "fair_value": 9.994389, "relative_strength": -7.53685, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -26.872959, "energy": 26.674174, "activity_lines": [ 10.912914, 11.307273, 11.379465, 11.246904 ] }, { "date": "2024-06-28", "close": 10.214611, "volume": 35734064, "typical_volume": 60154317.75, "trend": 11.092445, "fair_value": 10.017015, "relative_strength": -7.386861, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -33.362407, "energy": 43.592071, "activity_lines": [ 10.639742, 11.052178, 11.282035, 11.188656 ] }, { "date": "2024-07-05", "close": 9.860005, "volume": 25199378, "typical_volume": 56984838.9, "trend": 11.055611, "fair_value": 10.03808, "relative_strength": -8.671053, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.336595, "energy": 57.941545, "activity_lines": [ 10.316621, 10.7759, 11.150037, 11.109143 ] }, { "date": "2024-07-12", "close": 9.603901, "volume": 31179022, "typical_volume": 55192043.95, "trend": 11.022283, "fair_value": 10.057448, "relative_strength": -12.309949, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.399791, "energy": 78.030378, "activity_lines": [ 10.006535, 10.49392, 10.994399, 11.015485 ] }, { "date": "2024-07-19", "close": 9.53495, "volume": 26798455, "typical_volume": 53350951.45, "trend": 10.950204, "fair_value": 10.077142, "relative_strength": -12.992306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.771167, "energy": 85.01534, "activity_lines": [ 9.772667, 10.239595, 10.837932, 10.919528 ] }, { "date": "2024-07-26", "close": 9.259146, "volume": 30284297, "typical_volume": 51703692.7, "trend": 10.875441, "fair_value": 10.089768, "relative_strength": -12.140928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.296537, "energy": 88.605083, "activity_lines": [ 9.545457, 9.986157, 10.662008, 10.810427 ] }, { "date": "2024-08-02", "close": 9.584201, "volume": 36394018, "typical_volume": 51021246.8, "trend": 10.82974, "fair_value": 10.105698, "relative_strength": -8.321941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.528744, "energy": 81.305545, "activity_lines": [ 9.508683, 9.844316, 10.526467, 10.727121 ] }, { "date": "2024-08-09", "close": 9.328097, "volume": 29573903, "typical_volume": 49893275.35, "trend": 10.778756, "fair_value": 10.120709, "relative_strength": -8.758548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.68363, "energy": 83.188115, "activity_lines": [ 9.428569, 9.685988, 10.375156, 10.630241 ] }, { "date": "2024-08-16", "close": 8.86514, "volume": 27651238, "typical_volume": 49404117.5, "trend": 10.730567, "fair_value": 10.134083, "relative_strength": -12.251515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.01797, "energy": 84.966388, "activity_lines": [ 9.229596, 9.479993, 10.188013, 10.506782 ] }, { "date": "2024-08-23", "close": 8.520384, "volume": 37922425, "typical_volume": 49228314.55, "trend": 10.688786, "fair_value": 10.144138, "relative_strength": -13.291417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.432739, "energy": 87.717518, "activity_lines": [ 8.964955, 9.251803, 9.976409, 10.36419 ] }, { "date": "2024-08-30", "close": 8.638586, "volume": 41351150, "typical_volume": 48825045.05, "trend": 10.60538, "fair_value": 10.15939, "relative_strength": -13.171828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.666642, "energy": 86.609107, "activity_lines": [ 8.807352, 9.09044, 9.790307, 10.231919 ] }, { "date": "2024-09-06", "close": 8.185479, "volume": 49166692, "typical_volume": 42878034.6, "trend": 10.543323, "fair_value": 10.171959, "relative_strength": -14.986971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.272554, "energy": 90.619253, "activity_lines": [ 8.540085, 8.880363, 9.571851, 10.075796 ] }, { "date": "2024-09-13", "close": 8.077127, "volume": 27015562, "typical_volume": 40167964.9, "trend": 10.478631, "fair_value": 10.184223, "relative_strength": -14.052514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.174758, "energy": 89.86334, "activity_lines": [ 8.329948, 8.687479, 9.364076, 9.916687 ] }, { "date": "2024-09-20", "close": 8.22488, "volume": 22673200, "typical_volume": 39708831.3, "trend": 10.392501, "fair_value": 10.193493, "relative_strength": -12.955166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.464685, "energy": 83.427885, "activity_lines": [ 8.25246, 8.553875, 9.189565, 9.771283 ] }, { "date": "2024-09-27", "close": 9.633451, "volume": 67395420, "typical_volume": 37375090.5, "trend": 10.348115, "fair_value": 10.212569, "relative_strength": -13.03304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.209714, "energy": 56.086521, "activity_lines": [ 8.68718, 8.701448, 9.166297, 9.722312 ] }, { "date": "2024-10-04", "close": 10.460865, "volume": 38025945, "typical_volume": 36293386.65, "trend": 10.322197, "fair_value": 10.23362, "relative_strength": -14.202934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.252853, "energy": 19.139966, "activity_lines": [ 9.3235, 8.997669, 9.234726, 9.729587 ] }, { "date": "2024-10-11", "close": 9.968357, "volume": 129978552, "typical_volume": 40559325.4, "trend": 10.274655, "fair_value": 10.247018, "relative_strength": -13.800227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.655571, "energy": 26.457443, "activity_lines": [ 9.674166, 9.182494, 9.264277, 9.706758 ] }, { "date": "2024-10-18", "close": 9.899406, "volume": 71628653, "typical_volume": 42100469.35, "trend": 10.23588, "fair_value": 10.262361, "relative_strength": -16.420091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.526174, "energy": 28.111559, "activity_lines": [ 9.882989, 9.347797, 9.293309, 9.682548 ] }, { "date": "2024-10-25", "close": 9.968357, "volume": 76997401, "typical_volume": 43870939.35, "trend": 10.21405, "fair_value": 10.278368, "relative_strength": -17.509484, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -0.402971, "energy": 26.818124, "activity_lines": [ 9.993311, 9.51525, 9.335749, 9.665289 ] }, { "date": "2024-11-01", "close": 9.938807, "volume": 107617407, "typical_volume": 47948692.45, "trend": 10.161617, "fair_value": 10.296849, "relative_strength": -16.159946, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -0.556169, "energy": 20.934073, "activity_lines": [ 9.977551, 9.657271, 9.380725, 9.647531 ] }, { "date": "2024-11-08", "close": 11.41633, "volume": 189678095, "typical_volume": 55113243.85, "trend": 10.178613, "fair_value": 10.323913, "relative_strength": -9.634689, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.426727, "energy": 51.411964, "activity_lines": [ 10.433941, 10.042144, 9.571537, 9.728481 ] }, { "date": "2024-11-15", "close": 11.47543, "volume": 171702976, "typical_volume": 61911689.45, "trend": 10.141274, "fair_value": 10.353244, "relative_strength": -5.632141, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.133799, "energy": 59.086372, "activity_lines": [ 10.846334, 10.387257, 9.763568, 9.812146 ] }, { "date": "2024-11-22", "close": 10.835171, "volume": 140862116, "typical_volume": 67694826.35, "trend": 10.098867, "fair_value": 10.3808, "relative_strength": -8.125148, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.760793, "energy": 52.235525, "activity_lines": [ 10.944836, 10.556143, 9.888618, 9.856914 ] }, { "date": "2024-11-29", "close": 10.569216, "volume": 78844142, "typical_volume": 70078082.35, "trend": 10.057358, "fair_value": 10.406874, "relative_strength": -11.663294, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.830467, "energy": 48.878293, "activity_lines": [ 10.892301, 10.626526, 9.983695, 9.887259 ] }, { "date": "2024-12-06", "close": 10.75637, "volume": 75128689, "typical_volume": 72494594.05, "trend": 10.004512, "fair_value": 10.43437, "relative_strength": -11.397096, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.155302, "energy": 32.484804, "activity_lines": [ 10.862094, 10.688314, 10.092, 9.932356 ] }, { "date": "2024-12-13", "close": 10.263862, "volume": 83470334, "typical_volume": 75153895.9, "trend": 9.941759, "fair_value": 10.457377, "relative_strength": -14.614725, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 41.092226, "energy": 25.298756, "activity_lines": [ 10.613214, 10.640138, 10.147583, 9.949089 ] }, { "date": "2024-12-20", "close": 9.997907, "volume": 50209210, "typical_volume": 75844655.5, "trend": 9.900409, "fair_value": 10.478123, "relative_strength": -15.865013, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.349978, "energy": 19.45355, "activity_lines": [ 10.352513, 10.547188, 10.173053, 9.952711 ] }, { "date": "2024-12-27", "close": 9.968357, "volume": 48158960, "typical_volume": 76773908.35, "trend": 9.854819, "fair_value": 10.498847, "relative_strength": -15.765698, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.340816, "energy": 20.89745, "activity_lines": [ 10.180464, 10.448328, 10.193738, 9.957095 ] }, { "date": "2025-01-03", "close": 9.131094, "volume": 35981758, "typical_volume": 77190434.35, "trend": 9.789458, "fair_value": 10.512095, "relative_strength": -16.5644, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.020363, "energy": 22.738083, "activity_lines": [ 9.787114, 10.195985, 10.131635, 9.910403 ] }, { "date": "2025-01-10", "close": 8.86514, "volume": 33135401, "typical_volume": 76951083.15, "trend": 9.717835, "fair_value": 10.523638, "relative_strength": -17.74875, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.63391, "energy": 42.606813, "activity_lines": [ 9.400988, 9.91051, 10.042937, 9.850769 ] }, { "date": "2025-01-17", "close": 9.59405, "volume": 41997345, "typical_volume": 76983392.9, "trend": 9.687956, "fair_value": 10.538966, "relative_strength": -13.882673, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.225731, "energy": 38.928777, "activity_lines": [ 9.383914, 9.777085, 10.022017, 9.842783 ] }, { "date": "2025-01-24", "close": 9.456149, "volume": 37196638, "typical_volume": 76384890.2, "trend": 9.662674, "fair_value": 10.553854, "relative_strength": -15.918679, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.897369, "energy": 39.76375, "activity_lines": [ 9.365527, 9.651719, 9.983414, 9.827828 ] }, { "date": "2025-01-31", "close": 9.53495, "volume": 6389712, "typical_volume": 75353597.7, "trend": 9.651839, "fair_value": 10.56736, "relative_strength": -13.571249, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.053339, "energy": 34.938863, "activity_lines": [ 9.409525, 9.577395, 9.946264, 9.819588 ] }, { "date": "2025-02-07", "close": 9.584201, "volume": 23854206, "typical_volume": 75412648.0, "trend": 9.651182, "fair_value": 10.581237, "relative_strength": -16.067607, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.107713, "energy": 16.441199, "activity_lines": [ 9.498833, 9.535666, 9.906864, 9.815224 ] }, { "date": "2025-02-14", "close": 10.057009, "volume": 70992530, "typical_volume": 75592503.5, "trend": 9.668584, "fair_value": 10.600476, "relative_strength": -13.038232, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 9.145759, "energy": 8.325317, "activity_lines": [ 9.715536, 9.597812, 9.90602, 9.841407 ] }, { "date": "2025-02-21", "close": 11.081425, "volume": 326830526, "typical_volume": 90032732.55, "trend": 9.729327, "fair_value": 10.62667, "relative_strength": -5.980596, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.344695, "energy": 38.384753, "activity_lines": [ 10.194254, 9.858931, 10.000722, 9.932558 ] }, { "date": "2025-02-28", "close": 11.268577, "volume": 371572728, "typical_volume": 102112441.35, "trend": 9.785472, "fair_value": 10.655617, "relative_strength": -0.789389, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 73.008578, "energy": 52.304972, "activity_lines": [ 10.636198, 10.139212, 10.110293, 10.031864 ] }, { "date": "2025-03-07", "close": 11.012474, "volume": 195518844, "typical_volume": 108306950.9, "trend": 9.841618, "fair_value": 10.679316, "relative_strength": -4.808289, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.962272, "energy": 61.485856, "activity_lines": [ 10.871945, 10.349827, 10.189282, 10.111025 ] }, { "date": "2025-03-14", "close": 11.288278, "volume": 172700809, "typical_volume": 113092121.3, "trend": 9.92239, "fair_value": 10.702119, "relative_strength": -3.346544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.528707, "energy": 71.351911, "activity_lines": [ 11.101125, 10.591603, 10.289238, 10.204358 ] }, { "date": "2025-03-21", "close": 11.160226, "volume": 161468730, "typical_volume": 115784687.45, "trend": 10.010384, "fair_value": 10.724156, "relative_strength": -1.643742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.350653, "energy": 66.751196, "activity_lines": [ 11.174016, 10.770876, 10.370712, 10.284219 ] }, { "date": "2025-03-28", "close": 10.569216, "volume": 149199020, "typical_volume": 113760733.7, "trend": 10.074739, "fair_value": 10.742683, "relative_strength": -5.920216, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.467657, "energy": 38.739509, "activity_lines": [ 10.976356, 10.800964, 10.390084, 10.320272 ] }, { "date": "2025-04-04", "close": 10.529816, "volume": 77879917, "typical_volume": 109069580.75, "trend": 10.152883, "fair_value": 10.749469, "relative_strength": -3.753847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.405368, "energy": 26.821586, "activity_lines": [ 10.79971, 10.806158, 10.409738, 10.349632 ] }, { "date": "2025-04-11", "close": 10.185061, "volume": 161622245, "typical_volume": 110107587.2, "trend": 10.223148, "fair_value": 10.758263, "relative_strength": -1.613629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.41826, "energy": 14.64195, "activity_lines": [ 10.557396, 10.729147, 10.40106, 10.351708 ] }, { "date": "2025-04-18", "close": 10.303263, "volume": 81802969, "typical_volume": 110255528.55, "trend": 10.292427, "fair_value": 10.772143, "relative_strength": 0.624243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.280734, "energy": 17.560445, "activity_lines": [ 10.409644, 10.661808, 10.406736, 10.356877 ] }, { "date": "2025-04-25", "close": 10.992773, "volume": 134104058, "typical_volume": 113204297.0, "trend": 10.337738, "fair_value": 10.790888, "relative_strength": 6.225701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.962453, "energy": 17.705714, "activity_lines": [ 10.557397, 10.706761, 10.479346, 10.402061 ] }, { "date": "2025-05-02", "close": 10.096409, "volume": 77864389, "typical_volume": 112923999.75, "trend": 10.325589, "fair_value": 10.803886, "relative_strength": -1.881983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.908124, "energy": 11.388449, "activity_lines": [ 10.417524, 10.571724, 10.465462, 10.386491 ] }, { "date": "2025-05-09", "close": 10.588917, "volume": 103801412, "typical_volume": 115603609.85, "trend": 10.346275, "fair_value": 10.823692, "relative_strength": 1.013566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.278487, "energy": 11.591552, "activity_lines": [ 10.473342, 10.544144, 10.499281, 10.40348 ] }, { "date": "2025-05-16", "close": 10.76622, "volume": 196511399, "typical_volume": 123021231.8, "trend": 10.375168, "fair_value": 10.847171, "relative_strength": 2.540922, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.518827, "energy": 18.200511, "activity_lines": [ 10.58432, 10.561157, 10.547171, 10.430573 ] }, { "date": "2025-05-23", "close": 10.451015, "volume": 97939755, "typical_volume": 126119131.65, "trend": 10.391257, "fair_value": 10.869619, "relative_strength": 0.303507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.816804, "energy": 11.815224, "activity_lines": [ 10.551486, 10.525339, 10.561243, 10.435466 ] }, { "date": "2025-05-30", "close": 10.244161, "volume": 54324119, "typical_volume": 127178567.55, "trend": 10.401436, "fair_value": 10.890741, "relative_strength": -0.42874, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.391413, "energy": 6.408151, "activity_lines": [ 10.439851, 10.467133, 10.549329, 10.425976 ] }, { "date": "2025-06-06", "close": 10.224462, "volume": 36578073, "typical_volume": 126907603.95, "trend": 10.361707, "fair_value": 10.908705, "relative_strength": -1.65761, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.259866, "energy": 10.178268, "activity_lines": [ 10.371557, 10.422002, 10.528972, 10.414559 ] }, { "date": "2025-06-13", "close": 9.909257, "volume": 58482504, "typical_volume": 127971897.25, "trend": 10.309501, "fair_value": 10.922422, "relative_strength": -3.726014, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.173087, "energy": 27.159168, "activity_lines": [ 10.189658, 10.325829, 10.475593, 10.385368 ] }, { "date": "2025-06-20", "close": 9.722103, "volume": 76331649, "typical_volume": 131468994.1, "trend": 10.272399, "fair_value": 10.93432, "relative_strength": -4.102487, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.311769, "energy": 39.101692, "activity_lines": [ 9.990684, 10.20691, 10.402233, 10.347472 ] }, { "date": "2025-06-27", "close": 11.73, "volume": 335150628, "typical_volume": 147033815.2, "trend": 10.311091, "fair_value": 10.9581, "relative_strength": 11.590171, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.647589, "energy": 18.656299, "activity_lines": [ 10.530618, 10.461481, 10.51921, 10.44151 ] }, { "date": "2025-07-04", "close": 11.06, "volume": 378034394, "typical_volume": 162385908.4, "trend": 10.321212, "fair_value": 10.976409, "relative_strength": 4.073581, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.804095, "energy": 28.804631, "activity_lines": [ 10.761952, 10.568294, 10.562159, 10.489827 ] }, { "date": "2025-07-11", "close": 11.25, "volume": 127940901, "typical_volume": 152441427.15, "trend": 10.354084, "fair_value": 10.996678, "relative_strength": 4.072439, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.522169, "energy": 44.862801, "activity_lines": [ 11.002231, 10.708429, 10.618428, 10.549749 ] }, { "date": "2025-07-18", "close": 10.98, "volume": 88476586, "typical_volume": 138286620.05, "trend": 10.38682, "fair_value": 11.01664, "relative_strength": -0.328726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.293756, "energy": 44.24268, "activity_lines": [ 11.08414, 10.7785, 10.648179, 10.590131 ] }, { "date": "2025-07-25", "close": 11.31, "volume": 199759049, "typical_volume": 138498630.3, "trend": 10.431542, "fair_value": 11.035809, "relative_strength": 0.452176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.537647, "energy": 57.246916, "activity_lines": [ 11.204667, 10.901459, 10.710733, 10.649691 ] }, { "date": "2025-08-01", "close": 11.03, "volume": 87372008, "typical_volume": 134232190.25, "trend": 10.494838, "fair_value": 11.055658, "relative_strength": -0.236111, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.908446, "energy": 46.129183, "activity_lines": [ 11.126, 10.963623, 10.745203, 10.688301 ] }, { "date": "2025-08-08", "close": 11.7, "volume": 140368709, "typical_volume": 133177189.2, "trend": 10.589334, "fair_value": 11.080847, "relative_strength": 4.637809, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.421296, "energy": 48.617363, "activity_lines": [ 11.317333, 11.137078, 10.844713, 10.766053 ] }, { "date": "2025-08-15", "close": 12.93, "volume": 263772926, "typical_volume": 138905884.5, "trend": 10.700532, "fair_value": 11.114981, "relative_strength": 10.50405, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.553039, "energy": 75.990731, "activity_lines": [ 11.876, 11.507699, 11.058796, 10.917064 ] }, { "date": "2025-08-22", "close": 12.19, "volume": 211258811, "typical_volume": 145574829.2, "trend": 10.79166, "fair_value": 11.145369, "relative_strength": -0.295485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.524729, "energy": 70.223133, "activity_lines": [ 12.076, 11.694584, 11.19116, 11.013159 ] }, { "date": "2025-08-29", "close": 11.46, "volume": 128149383, "typical_volume": 143901186.1, "trend": 10.855829, "fair_value": 11.172761, "relative_strength": -9.952227, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.480849, "energy": 62.683392, "activity_lines": [ 11.952, 11.707273, 11.246096, 11.056277 ] }, { "date": "2025-09-05", "close": 11.4, "volume": 93173158, "typical_volume": 144469695.55, "trend": 10.916355, "fair_value": 11.193658, "relative_strength": -9.496583, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.833277, "energy": 42.393139, "activity_lines": [ 11.798, 11.677455, 11.289245, 11.091385 ] }, { "date": "2025-09-12", "close": 11.19, "volume": 61021753, "typical_volume": 140815580.3, "trend": 10.954122, "fair_value": 11.200554, "relative_strength": -13.213212, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.907082, "energy": 20.580006, "activity_lines": [ 11.549333, 11.615455, 11.307172, 11.10904 ] }, { "date": "2025-09-19", "close": 11.11, "volume": 77991969, "typical_volume": 140821959.3, "trend": 10.955074, "fair_value": 11.206003, "relative_strength": -14.523223, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.363949, "energy": 20.495689, "activity_lines": [ 11.308, 11.536545, 11.316541, 11.119096 ] }, { "date": "2025-09-26", "close": 10.7, "volume": 57427566, "typical_volume": 138503267.0, "trend": 10.936122, "fair_value": 11.209134, "relative_strength": -18.218431, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.253343, "energy": 18.315238, "activity_lines": [ 11.051333, 11.385636, 11.282036, 11.10264 ] }, { "date": "2025-10-03", "close": 10.88, "volume": 20357225, "typical_volume": 129695558.3, "trend": 10.931706, "fair_value": 11.212235, "relative_strength": -18.495379, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.219923, "energy": 21.504977, "activity_lines": [ 10.954, 11.272545, 11.264144, 11.099019 ] }, { "date": "2025-10-10", "close": 11.26, "volume": 37275199, "typical_volume": 126662330.5, "trend": 10.930763, "fair_value": 11.223071, "relative_strength": -14.321506, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.363493, "energy": 15.805258, "activity_lines": [ 11.022, 11.236364, 11.281901, 11.120199 ] }, { "date": "2025-10-17", "close": 10.88, "volume": 68668475, "typical_volume": 127379548.3, "trend": 10.921422, "fair_value": 11.233716, "relative_strength": -12.696881, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.512691, "energy": 12.992637, "activity_lines": [ 10.972667, 11.126909, 11.259616, 11.116924 ] }, { "date": "2025-10-24", "close": 11.28, "volume": 286946576, "typical_volume": 139897973.45, "trend": 10.945115, "fair_value": 11.251101, "relative_strength": -13.423144, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.354396, "energy": 8.272283, "activity_lines": [ 11.077333, 11.105091, 11.272397, 11.140058 ] }, { "date": "2025-10-31", "close": 11.17, "volume": 108449938, "typical_volume": 142396345.15, "trend": 10.966455, "fair_value": 11.267158, "relative_strength": -14.644348, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.263566, "energy": 10.510061, "activity_lines": [ 11.134, 11.093273, 11.269677, 11.154567 ] }, { "date": "2025-11-07", "close": 11.33, "volume": 88775172, "typical_volume": 143018521.3, "trend": 11.004619, "fair_value": 11.282432, "relative_strength": -13.285998, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.071328, "energy": 13.011476, "activity_lines": [ 11.212667, 11.129091, 11.27619, 11.178022 ] }, { "date": "2025-11-14", "close": 11.38, "volume": 87224273, "typical_volume": 130622203.55, "trend": 11.040511, "fair_value": 11.307254, "relative_strength": -11.302807, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.408433, "energy": 18.936146, "activity_lines": [ 11.278, 11.176364, 11.27981, 11.20224 ] }, { "date": "2025-11-21", "close": 12.05, "volume": 169170016, "typical_volume": 120178984.65, "trend": 11.075751, "fair_value": 11.332068, "relative_strength": -0.85128, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.066093, "energy": 41.19252, "activity_lines": [ 11.558667, 11.345818, 11.348905, 11.267368 ] }, { "date": "2025-11-28", "close": 12.65, "volume": 397851696, "typical_volume": 133674524.4, "trend": 11.160871, "fair_value": 11.359981, "relative_strength": 0.553532, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.922479, "energy": 67.498807, "activity_lines": [ 11.961333, 11.608727, 11.470429, 11.368933 ] }, { "date": "2025-12-05", "close": 12.74, "volume": 170018817, "typical_volume": 137751635.95, "trend": 11.232574, "fair_value": 11.390092, "relative_strength": 0.063967, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.081547, "energy": 75.380071, "activity_lines": [ 12.302667, 11.86, 11.593857, 11.470812 ] }, { "date": "2025-12-12", "close": 12.51, "volume": 118916620, "typical_volume": 133709514.5, "trend": 11.2907, "fair_value": 11.413803, "relative_strength": -2.534468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.523643, "energy": 74.119659, "activity_lines": [ 12.462667, 12.032364, 11.687, 11.553226 ] }, { "date": "2025-12-19", "close": 12.51, "volume": 144383623, "typical_volume": 136560095.25, "trend": 11.359333, "fair_value": 11.436143, "relative_strength": -1.683662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.927439, "energy": 69.565531, "activity_lines": [ 12.544, 12.175091, 11.774429, 11.631891 ] }, { "date": "2025-12-26", "close": 12.31, "volume": 80446466, "typical_volume": 133563983.1, "trend": 11.428194, "fair_value": 11.454895, "relative_strength": -6.496803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.450864, "energy": 52.730427, "activity_lines": [ 12.483333, 12.258727, 11.835762, 11.693224 ] }, { "date": "2026-01-02", "close": 12.46, "volume": 53477595, "typical_volume": 123049216.55, "trend": 11.502712, "fair_value": 11.479283, "relative_strength": -4.803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.997606, "energy": 38.796373, "activity_lines": [ 12.455333, 12.343636, 11.908476, 11.759792 ] }, { "date": "2026-01-09", "close": 12.38, "volume": 172752936, "typical_volume": 121123922.8, "trend": 11.58507, "fair_value": 11.508146, "relative_strength": -9.349948, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.959006, "energy": 32.619305, "activity_lines": [ 12.413333, 12.392545, 11.97581, 11.816392 ] }, { "date": "2026-01-16", "close": 11.91, "volume": 123294656, "typical_volume": 120881186.45, "trend": 11.658, "fair_value": 11.53306, "relative_strength": -13.584808, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.165811, "energy": 21.203621, "activity_lines": [ 12.238667, 12.334, 11.997476, 11.837355 ] }, { "date": "2026-01-23", "close": 12.98, "volume": 173525214, "typical_volume": 124898789.25, "trend": 11.699667, "fair_value": 11.563587, "relative_strength": -6.818743, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.340519, "energy": 34.62744, "activity_lines": [ 12.460667, 12.459455, 12.118905, 11.922645 ] }, { "date": "2026-01-30", "close": 12.62, "volume": 110314023, "typical_volume": 127363402.75, "trend": 11.751667, "fair_value": 11.591495, "relative_strength": -7.819512, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.958158, "energy": 31.455961, "activity_lines": [ 12.531333, 12.490364, 12.198524, 11.982022 ] }, { "date": "2026-02-06", "close": 12.03, "volume": 115354369, "typical_volume": 129231522.75, "trend": 11.777667, "fair_value": 11.614685, "relative_strength": -10.164987, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.498871, "energy": 21.28641, "activity_lines": [ 12.384667, 12.403636, 12.215143, 11.999978 ] }, { "date": "2026-02-13", "close": 11.8, "volume": 87994504, "typical_volume": 130759869.65, "trend": 11.805, "fair_value": 11.628921, "relative_strength": -12.919863, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.657127, "energy": 14.756573, "activity_lines": [ 12.19, 12.286364, 12.205476, 12.001419 ] }, { "date": "2026-02-27", "close": 12.86, "volume": 112058709, "typical_volume": 135344943.85, "trend": 11.856667, "fair_value": 11.648454, "relative_strength": -7.458844, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.000962, "energy": 24.311049, "activity_lines": [ 12.387333, 12.378909, 12.291524, 12.069484 ] }, { "date": "2026-03-06", "close": 13.45, "volume": 200729799, "typical_volume": 143517673.85, "trend": 11.937333, "fair_value": 11.674326, "relative_strength": -0.786298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.072122, "energy": 35.668279, "activity_lines": [ 12.718, 12.572364, 12.424333, 12.17228 ] }, { "date": "2026-03-13", "close": 13.78, "volume": 209681927, "typical_volume": 150568346.45, "trend": 12.006667, "fair_value": 11.700506, "relative_strength": 0.980932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.131237, "energy": 61.323791, "activity_lines": [ 13.127333, 12.808727, 12.578143, 12.291161 ] }, { "date": "2026-03-20", "close": 12.61, "volume": 125390569, "typical_volume": 142490546.1, "trend": 11.996, "fair_value": 11.714323, "relative_strength": -4.601937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.321388, "energy": 54.140746, "activity_lines": [ 13.069333, 12.805636, 12.606714, 12.330086 ] }, { "date": "2026-03-27", "close": 13.75, "volume": 286762554, "typical_volume": 151406176.9, "trend": 12.048, "fair_value": 11.732268, "relative_strength": 4.917705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.498001, "energy": 60.538428, "activity_lines": [ 13.352667, 13.007091, 12.737524, 12.443247 ] }, { "date": "2026-04-03", "close": 13.97, "volume": 429732043, "typical_volume": 168454020.45, "trend": 12.131667, "fair_value": 11.71372, "relative_strength": 9.73886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.184592, "energy": 50.459471, "activity_lines": [ 13.579333, 13.223636, 12.877, 12.567247 ] }, { "date": "2026-04-10", "close": 14.56, "volume": 376810377, "typical_volume": 182933325.65, "trend": 12.237, "fair_value": 11.707432, "relative_strength": 6.724168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.436588, "energy": 43.993942, "activity_lines": [ 13.928667, 13.51, 13.060095, 12.723914 ] }, { "date": "2026-04-17", "close": 13.994791, "volume": 304625814, "typical_volume": 189706115.55, "trend": 12.330493, "fair_value": 11.702072, "relative_strength": -1.197593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.684747, "energy": 43.113853, "activity_lines": [ 14.015597, 13.664871, 13.174218, 12.83732 ] }, { "date": "2026-04-24", "close": 13.421153, "volume": 193078723, "typical_volume": 179467466.9, "trend": 12.407531, "fair_value": 11.695591, "relative_strength": -5.298832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.83213, "energy": 34.766218, "activity_lines": [ 13.896995, 13.690448, 13.224448, 12.907685 ] }, { "date": "2026-05-01", "close": 12.649709, "volume": 113646966, "typical_volume": 176648874.35, "trend": 12.472522, "fair_value": 11.678243, "relative_strength": -11.242442, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.652636, "energy": 19.839097, "activity_lines": [ 13.467169, 13.550469, 13.197535, 12.923309 ] }, { "date": "2026-05-08", "close": 13.282689, "volume": 129703193, "typical_volume": 177188203.0, "trend": 12.552611, "fair_value": 11.667944, "relative_strength": -9.225244, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.560575, "energy": 15.104505, "activity_lines": [ 13.321688, 13.510128, 13.231335, 12.975578 ] }, { "date": "2026-05-15", "close": 12.422233, "volume": 111453468, "typical_volume": 175541695.25, "trend": 12.591352, "fair_value": 11.634425, "relative_strength": -14.660619, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.046675, "energy": 13.892455, "activity_lines": [ 12.93521, 13.305655, 13.179508, 12.967167 ] }, { "date": "2026-05-22", "close": 12.05629, "volume": 100961046, "typical_volume": 176567424.25, "trend": 12.630562, "fair_value": 11.586466, "relative_strength": -16.87897, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.025291, "energy": 19.447266, "activity_lines": [ 12.569268, 13.053334, 13.093248, 12.932647 ] }, { "date": "2026-05-29", "close": 12.125523, "volume": 137900956, "typical_volume": 180788592.3, "trend": 12.658746, "fair_value": 11.558962, "relative_strength": -15.842475, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.457, "energy": 19.2368, "activity_lines": [ 12.355637, 12.84494, 13.014789, 12.900063 ] }, { "date": "2026-06-05", "close": 12.263987, "volume": 27355598, "typical_volume": 173518725.4, "trend": 12.695213, "fair_value": 11.538393, "relative_strength": -13.037237, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.08769, "energy": 24.860517, "activity_lines": [ 12.274537, 12.670531, 12.951109, 12.874595 ] }, { "date": "2026-06-12", "close": 11.472762, "volume": 30057395, "typical_volume": 168856862.35, "trend": 12.699971, "fair_value": 11.521978, "relative_strength": -16.323219, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.021967, "energy": 38.413396, "activity_lines": [ 11.955409, 12.379281, 12.812628, 12.795727 ] }, { "date": "2026-06-19", "close": 12.32, "volume": 144693862, "typical_volume": 167415294.75, "trend": 12.731305, "fair_value": 11.505384, "relative_strength": -15.754211, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.69501, "energy": 28.993788, "activity_lines": [ 12.039356, 12.287478, 12.756917, 12.771213 ] }, { "date": "2026-06-26", "close": 10.4, "volume": 28178612, "typical_volume": 163308524.2, "trend": 12.676305, "fair_value": 11.478103, "relative_strength": -27.284323, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.136805, "energy": 58.186654, "activity_lines": [ 11.490119, 11.887312, 12.521493, 12.620806 ] }, { "date": "2026-07-03", "close": 9.77, "volume": 14711098, "typical_volume": 158276360.65, "trend": 12.580305, "fair_value": 11.437619, "relative_strength": -30.133266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.129294, "energy": 75.040113, "activity_lines": [ 10.841301, 11.43796, 12.23664, 12.433303 ] }, { "date": "2026-07-10", "close": 8.92, "volume": 80292058, "typical_volume": 157891238.35, "trend": 12.452971, "fair_value": 11.396486, "relative_strength": -33.218123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.054553, "energy": 86.004299, "activity_lines": [ 10.066184, 10.900448, 11.881596, 12.197154 ] }, { "date": "2026-07-17", "close": 8.83, "volume": 68757318, "typical_volume": 155726168.8, "trend": 12.330305, "fair_value": 11.359453, "relative_strength": -26.783665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.788991, "energy": 91.408746, "activity_lines": [ 9.484, 10.414384, 11.531696, 11.963414 ] }, { "date": "2026-07-24", "close": 8.89, "volume": 70274548, "typical_volume": 149203406.25, "trend": 12.209638, "fair_value": 11.319613, "relative_strength": -26.066152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.490302, "energy": 89.098975, "activity_lines": [ 9.098, 10.020188, 11.2067, 11.741459 ] }, { "date": "2026-07-31", "close": 9.3, "volume": 66310782, "typical_volume": 142034849.0, "trend": 12.109305, "fair_value": 11.284092, "relative_strength": -20.970674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.571097, "energy": 86.715506, "activity_lines": [ 9.077333, 9.76476, 10.942466, 11.55374 ] }, { "date": "2026-08-07", "close": 9.11, "volume": 124344817, "typical_volume": 141982561.4, "trend": 11.997638, "fair_value": 11.251797, "relative_strength": -25.942373, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.547095, "energy": 81.740323, "activity_lines": [ 9.066667, 9.5249, 10.68147, 11.360237 ] } ], "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." } } }