{ "ticker": { "uuid": "975cb415-e8c0-46b9-81b0-c9f5de265ca8", "symbol": "603880", "name": "Jiangsu Nanfang Medical Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 91.039, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -10.692, "architecture_energy": 27.698, "architecture_maturity": 8.972, "architecture_confidence": 49.356, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 41.63, "rotation_up": 18.88, "upward_expansion": 20.36, "deceleration": 53.47, "rotation_down": 57.32, "downward_expansion": 45.36 }, "activity_lines": [ 6.698, 6.892545, 7.220238, 7.182065 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 7.48, "trend_reference": 7.042333, "distance_from_trend": 0.062148, "trend_direction": "Improving", "fair_value": 5.314359, "distance_from_fair_value": 0.407507, "fair_value_direction": "Weakening", "relative_strength": 10.671297, "relative_strength_direction": "Improving", "price_momentum": 0.189189, "excess_performance": 0.232393, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.062148, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.025334, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.407507, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.115404, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.106713, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.006206, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.189189, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.15387, "read": "Demand-led" } ], "volume": { "latest": 44931396, "relative_activity": 1.270593, "balance": 1.15387, "dry_up": 1.053218, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.130708, "annualized_volatility": 0.517261, "from_high_reference": -0.178022, "from_low_reference": 0.411321 }, "levels": { "trend_reference": 7.042333, "fair_value_reference": 5.314359, "structural_low": 5.3, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": -0.061858, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.120735, "regime_survival": 0.0, "best_return": 0.022333, "worst_return": -0.146048, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.136018, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.194052, "regime_survival": 0.0, "best_return": -0.074442, "worst_return": -0.197595, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.147758, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.135946, "regime_survival": 0.0, "best_return": -0.08933, "worst_return": -0.206186, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.400344, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.321493, "regime_survival": 0.0, "best_return": -0.400344, "worst_return": -0.400344, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-18", "end": "2024-10-25", "tenure": "New", "return": 0.033898, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-01", "end": "2025-01-03", "tenure": "Developing", "return": -0.018957, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-14", "tenure": "Developing", "return": 0.254321, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-18", "tenure": "Developing", "return": -0.081181, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": 0.151579, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-09-05", "tenure": "Established", "return": 0.093913, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-11-07", "tenure": "Developing", "return": 0.107765, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-19", "tenure": "Developing", "return": -0.102921, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-03-06", "tenure": "Developing", "return": 0.111821, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": -0.129252, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.207488, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-06-19", "tenure": "Developing", "return": -0.102564, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-07-24", "tenure": "Developing", "return": -0.166193, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.166927, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 4.71, "volume": 17127803, "typical_volume": 18439872.0, "trend": 5.468, "fair_value": 7.090341, "relative_strength": -19.854652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.836019, "energy": 30.25183, "activity_lines": [ 4.671333, 4.648545, 4.738762, 5.057849 ] }, { "date": "2023-08-04", "close": 4.45, "volume": 15445942, "typical_volume": 18484048.55, "trend": 5.409667, "fair_value": 7.032503, "relative_strength": -24.179774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.794811, "energy": 38.850716, "activity_lines": [ 4.599333, 4.619091, 4.686667, 4.992172 ] }, { "date": "2023-08-11", "close": 4.44, "volume": 7319196, "typical_volume": 18208521.8, "trend": 5.352, "fair_value": 6.980531, "relative_strength": -21.592692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.720504, "energy": 42.293737, "activity_lines": [ 4.539333, 4.583636, 4.641857, 4.929613 ] }, { "date": "2023-08-18", "close": 4.49, "volume": 11339300, "typical_volume": 18175373.75, "trend": 5.299, "fair_value": 6.923873, "relative_strength": -18.893312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.432841, "energy": 42.865253, "activity_lines": [ 4.511333, 4.559636, 4.609857, 4.874 ] }, { "date": "2023-08-25", "close": 4.24, "volume": 9067451, "typical_volume": 18172059.5, "trend": 5.234, "fair_value": 6.874021, "relative_strength": -21.313982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.939371, "energy": 60.822454, "activity_lines": [ 4.406, 4.495818, 4.560762, 4.805677 ] }, { "date": "2023-09-01", "close": 4.47, "volume": 8660722, "typical_volume": 17623371.6, "trend": 5.167, "fair_value": 6.82851, "relative_strength": -18.493699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.973223, "energy": 49.207023, "activity_lines": [ 4.407333, 4.484182, 4.541095, 4.756387 ] }, { "date": "2023-09-08", "close": 4.51, "volume": 7785980, "typical_volume": 17388466.3, "trend": 5.095, "fair_value": 6.783888, "relative_strength": -16.99932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.252532, "energy": 38.940812, "activity_lines": [ 4.438, 4.478364, 4.529905, 4.714 ] }, { "date": "2023-09-15", "close": 4.56, "volume": 6226656, "typical_volume": 17097577.3, "trend": 5.025, "fair_value": 6.739295, "relative_strength": -15.739226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.154577, "energy": 34.878236, "activity_lines": [ 4.481333, 4.484727, 4.527, 4.679484 ] }, { "date": "2023-09-22", "close": 4.58, "volume": 12357790, "typical_volume": 17679411.8, "trend": 4.959, "fair_value": 6.693712, "relative_strength": -15.464998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.04016, "energy": 19.919816, "activity_lines": [ 4.523333, 4.496727, 4.530524, 4.650774 ] }, { "date": "2023-09-29", "close": 4.65, "volume": 6247918, "typical_volume": 16188849.85, "trend": 4.894, "fair_value": 6.656256, "relative_strength": -13.303142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.298693, "energy": 16.150596, "activity_lines": [ 4.582667, 4.521455, 4.542571, 4.630839 ] }, { "date": "2023-10-13", "close": 4.62, "volume": 5193055, "typical_volume": 14734779.1, "trend": 4.831667, "fair_value": 6.617734, "relative_strength": -13.00287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.944546, "energy": 15.339917, "activity_lines": [ 4.604667, 4.541455, 4.550238, 4.613161 ] }, { "date": "2023-10-20", "close": 4.44, "volume": 9423519, "typical_volume": 14294982.95, "trend": 4.773667, "fair_value": 6.5783, "relative_strength": -13.101834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.418452, "energy": 15.826981, "activity_lines": [ 4.556667, 4.530364, 4.539143, 4.587892 ] }, { "date": "2023-10-27", "close": 4.57, "volume": 5501398, "typical_volume": 13397979.15, "trend": 4.721667, "fair_value": 6.540041, "relative_strength": -11.15223, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.019473, "energy": 7.655579, "activity_lines": [ 4.556667, 4.543091, 4.539381, 4.574753 ] }, { "date": "2023-11-03", "close": 4.83, "volume": 18993193, "typical_volume": 14333685.8, "trend": 4.686, "fair_value": 6.500872, "relative_strength": -6.009645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.681668, "energy": 8.720694, "activity_lines": [ 4.642667, 4.600727, 4.564381, 4.581742 ] }, { "date": "2023-11-10", "close": 4.89, "volume": 10621925, "typical_volume": 12472536.35, "trend": 4.655, "fair_value": 6.455915, "relative_strength": -4.649928, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.04898, "energy": 37.694895, "activity_lines": [ 4.732, 4.663091, 4.594952, 4.594903 ] }, { "date": "2023-11-17", "close": 4.91, "volume": 6007502, "typical_volume": 11178061.9, "trend": 4.637, "fair_value": 6.420952, "relative_strength": -4.350954, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.533272, "energy": 54.217906, "activity_lines": [ 4.812, 4.717273, 4.627048, 4.611355 ] }, { "date": "2023-11-24", "close": 5.1, "volume": 13280242, "typical_volume": 10357393.75, "trend": 4.632, "fair_value": 6.392991, "relative_strength": 0.156419, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 75.163496, "energy": 75.705551, "activity_lines": [ 4.936, 4.798, 4.674762, 4.641226 ] }, { "date": "2023-12-01", "close": 5.16, "volume": 5885893, "typical_volume": 10067833.4, "trend": 4.620333, "fair_value": 6.365706, "relative_strength": 2.123293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.313802, "energy": 79.778207, "activity_lines": [ 5.036, 4.878909, 4.72619, 4.67529 ] }, { "date": "2023-12-08", "close": 5.02, "volume": 4976335, "typical_volume": 9792934.85, "trend": 4.622, "fair_value": 6.337232, "relative_strength": 1.742283, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.530575, "energy": 74.430868, "activity_lines": [ 5.05, 4.923455, 4.761952, 4.701075 ] }, { "date": "2023-12-15", "close": 5.1, "volume": 6250133, "typical_volume": 9385597.65, "trend": 4.647667, "fair_value": 6.309077, "relative_strength": 4.696053, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.67087, "energy": 72.787929, "activity_lines": [ 5.078, 4.974545, 4.803238, 4.731914 ] }, { "date": "2023-12-22", "close": 5.06, "volume": 9969470, "typical_volume": 9027681.0, "trend": 4.673667, "fair_value": 6.281102, "relative_strength": 5.27408, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.824327, "energy": 50.711293, "activity_lines": [ 5.078667, 5.010182, 4.838762, 4.758516 ] }, { "date": "2023-12-29", "close": 5.09, "volume": 9575754, "typical_volume": 8734171.6, "trend": 4.702667, "fair_value": 6.253514, "relative_strength": 4.537919, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.421507, "energy": 42.636425, "activity_lines": [ 5.079333, 5.043273, 4.875476, 4.785376 ] }, { "date": "2024-01-05", "close": 5.05, "volume": 6442176, "typical_volume": 8690320.6, "trend": 4.718667, "fair_value": 6.227225, "relative_strength": 5.924429, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.754781, "energy": 38.738861, "activity_lines": [ 5.067333, 5.057273, 4.905333, 4.807785 ] }, { "date": "2024-01-12", "close": 5.06, "volume": 4471388, "typical_volume": 8346925.0, "trend": 4.727333, "fair_value": 6.203333, "relative_strength": 8.193654, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.569568, "energy": 34.451212, "activity_lines": [ 5.066, 5.064364, 4.933238, 4.829806 ] }, { "date": "2024-01-19", "close": 4.95, "volume": 5939457, "typical_volume": 8190525.3, "trend": 4.732, "fair_value": 6.173439, "relative_strength": 7.962741, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.386024, "energy": 25.903424, "activity_lines": [ 5.025333, 5.047273, 4.947952, 4.844172 ] }, { "date": "2024-01-26", "close": 4.92, "volume": 5254616, "typical_volume": 8020220.0, "trend": 4.749667, "fair_value": 6.143352, "relative_strength": 4.698329, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.921764, "energy": 18.703351, "activity_lines": [ 4.984667, 5.023636, 4.956429, 4.856301 ] }, { "date": "2024-02-02", "close": 4.03, "volume": 2763644, "typical_volume": 7769103.2, "trend": 4.728, "fair_value": 6.110864, "relative_strength": -8.125239, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -40.039576, "energy": 34.545934, "activity_lines": [ 4.656667, 4.838, 4.878, 4.809871 ] }, { "date": "2024-02-09", "close": 3.38, "volume": 10341560, "typical_volume": 7974848.4, "trend": 4.685, "fair_value": 6.07421, "relative_strength": -25.878401, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -54.342972, "energy": 74.05176, "activity_lines": [ 4.182667, 4.553636, 4.739952, 4.722903 ] }, { "date": "2024-02-23", "close": 3.78, "volume": 24226906, "typical_volume": 8568304.2, "trend": 4.658333, "fair_value": 6.036767, "relative_strength": -20.180657, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.911913, "energy": 76.463613, "activity_lines": [ 3.953333, 4.374364, 4.645619, 4.664516 ] }, { "date": "2024-03-01", "close": 3.61, "volume": 19574469, "typical_volume": 9234631.75, "trend": 4.622333, "fair_value": 6.004455, "relative_strength": -23.513016, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.273808, "energy": 90.026475, "activity_lines": [ 3.752667, 4.186727, 4.538905, 4.596882 ] }, { "date": "2024-03-08", "close": 4.12, "volume": 33936354, "typical_volume": 10671796.7, "trend": 4.602667, "fair_value": 5.981001, "relative_strength": -12.545043, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.540991, "energy": 81.495948, "activity_lines": [ 3.811333, 4.118909, 4.485714, 4.564473 ] }, { "date": "2024-03-15", "close": 4.04, "volume": 13885786, "typical_volume": 10894910.05, "trend": 4.589, "fair_value": 5.95718, "relative_strength": -13.777133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.843161, "energy": 53.384169, "activity_lines": [ 3.896667, 4.053636, 4.427286, 4.528172 ] }, { "date": "2024-03-22", "close": 4.34, "volume": 13809162, "typical_volume": 11310298.25, "trend": 4.585667, "fair_value": 5.932998, "relative_strength": -6.487545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.083365, "energy": 35.328308, "activity_lines": [ 4.081333, 4.062, 4.399333, 4.512108 ] }, { "date": "2024-03-29", "close": 4.2, "volume": 13574820, "typical_volume": 11039379.6, "trend": 4.576, "fair_value": 5.908842, "relative_strength": -8.69993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.035861, "energy": 22.898563, "activity_lines": [ 4.155333, 4.057818, 4.359143, 4.487226 ] }, { "date": "2024-04-05", "close": 4.13, "volume": 13280631, "typical_volume": 11172314.9, "trend": 4.572333, "fair_value": 5.884432, "relative_strength": -10.439175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.565905, "energy": 22.008356, "activity_lines": [ 4.178, 4.056545, 4.315286, 4.458452 ] }, { "date": "2024-04-12", "close": 3.84, "volume": 10590097, "typical_volume": 11401444.65, "trend": 4.551333, "fair_value": 5.860106, "relative_strength": -14.774742, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.80868, "energy": 27.791546, "activity_lines": [ 4.069333, 4.017455, 4.247429, 4.411204 ] }, { "date": "2024-04-19", "close": 3.49, "volume": 11701842, "typical_volume": 11322524.65, "trend": 4.517333, "fair_value": 5.833392, "relative_strength": -23.094686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.013457, "energy": 46.124866, "activity_lines": [ 3.862667, 3.934364, 4.151333, 4.342731 ] }, { "date": "2024-04-26", "close": 3.56, "volume": 6551147, "typical_volume": 11355787.35, "trend": 4.484, "fair_value": 5.806688, "relative_strength": -21.657376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.111564, "energy": 61.551105, "activity_lines": [ 3.716, 3.873818, 4.069571, 4.280968 ] }, { "date": "2024-05-03", "close": 3.82, "volume": 4490139, "typical_volume": 11331477.55, "trend": 4.458667, "fair_value": 5.779951, "relative_strength": -15.978722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.707638, "energy": 57.300955, "activity_lines": [ 3.708, 3.857273, 4.02019, 4.238129 ] }, { "date": "2024-05-10", "close": 3.73, "volume": 4721250, "typical_volume": 11255033.4, "trend": 4.428, "fair_value": 5.752539, "relative_strength": -18.743918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.184178, "energy": 62.271045, "activity_lines": [ 3.695333, 3.823636, 3.967952, 4.191118 ] }, { "date": "2024-05-17", "close": 3.44, "volume": 14308150, "typical_volume": 11471967.4, "trend": 4.388667, "fair_value": 5.722053, "relative_strength": -24.650913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.370413, "energy": 65.895629, "activity_lines": [ 3.612667, 3.735091, 3.894619, 4.127376 ] }, { "date": "2024-05-24", "close": 4.15, "volume": 27814966, "typical_volume": 12383928.0, "trend": 4.379, "fair_value": 5.696215, "relative_strength": -7.206867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.108874, "energy": 27.809094, "activity_lines": [ 3.793333, 3.788, 3.896619, 4.111978 ] }, { "date": "2024-05-31", "close": 3.99, "volume": 14979053, "typical_volume": 12810771.85, "trend": 4.359667, "fair_value": 5.672074, "relative_strength": -10.712052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.179762, "energy": 22.224102, "activity_lines": [ 3.876667, 3.809818, 3.887857, 4.086882 ] }, { "date": "2024-06-07", "close": 3.99, "volume": 17710283, "typical_volume": 13472716.6, "trend": 4.331667, "fair_value": 5.64905, "relative_strength": -9.665077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.050384, "energy": 17.384768, "activity_lines": [ 3.931333, 3.838, 3.884143, 4.063032 ] }, { "date": "2024-06-14", "close": 3.96, "volume": 14344845, "typical_volume": 13892986.0, "trend": 4.300667, "fair_value": 5.624231, "relative_strength": -9.662188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.540738, "energy": 21.354269, "activity_lines": [ 3.964667, 3.864545, 3.882667, 4.039054 ] }, { "date": "2024-06-21", "close": 3.81, "volume": 17353629, "typical_volume": 14497936.65, "trend": 4.264, "fair_value": 5.597051, "relative_strength": -11.832298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.343538, "energy": 17.091952, "activity_lines": [ 3.932667, 3.866909, 3.871619, 4.007398 ] }, { "date": "2024-06-28", "close": 3.55, "volume": 66106149, "typical_volume": 17665061.9, "trend": 4.212333, "fair_value": 5.569744, "relative_strength": -16.694543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.921965, "energy": 29.85576, "activity_lines": [ 3.789333, 3.822545, 3.841095, 3.961333 ] }, { "date": "2024-07-05", "close": 3.41, "volume": 25035795, "typical_volume": 18399773.65, "trend": 4.154, "fair_value": 5.541154, "relative_strength": -19.271547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.544808, "energy": 45.034524, "activity_lines": [ 3.639333, 3.751636, 3.799524, 3.90957 ] }, { "date": "2024-07-12", "close": 3.31, "volume": 20865825, "typical_volume": 18231719.6, "trend": 4.097, "fair_value": 5.512885, "relative_strength": -21.837466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.119639, "energy": 65.548654, "activity_lines": [ 3.494667, 3.665273, 3.748286, 3.855118 ] }, { "date": "2024-07-19", "close": 3.21, "volume": 13665999, "typical_volume": 17936296.1, "trend": 4.034, "fair_value": 5.486218, "relative_strength": -24.084884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.211108, "energy": 75.577119, "activity_lines": [ 3.362, 3.57, 3.689762, 3.797892 ] }, { "date": "2024-07-26", "close": 3.31, "volume": 13789904, "typical_volume": 16928973.6, "trend": 3.975667, "fair_value": 5.460256, "relative_strength": -18.948263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.338483, "energy": 71.059548, "activity_lines": [ 3.312667, 3.502364, 3.642667, 3.751183 ] }, { "date": "2024-08-02", "close": 3.52, "volume": 14869901, "typical_volume": 16978179.35, "trend": 3.923333, "fair_value": 5.437436, "relative_strength": -13.919227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.390581, "energy": 55.81391, "activity_lines": [ 3.366667, 3.475273, 3.619429, 3.721785 ] }, { "date": "2024-08-09", "close": 3.67, "volume": 17705117, "typical_volume": 17172977.1, "trend": 3.877333, "fair_value": 5.416346, "relative_strength": -8.70416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.489085, "energy": 33.490098, "activity_lines": [ 3.472667, 3.486909, 3.612952, 3.705441 ] }, { "date": "2024-08-16", "close": 3.67, "volume": 15288740, "typical_volume": 17258673.1, "trend": 3.831, "fair_value": 5.396667, "relative_strength": -9.152605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.241395, "energy": 18.844954, "activity_lines": [ 3.561333, 3.504364, 3.609667, 3.692065 ] }, { "date": "2024-08-23", "close": 3.4, "volume": 15483244, "typical_volume": 17368803.75, "trend": 3.779333, "fair_value": 5.374936, "relative_strength": -14.862633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.034028, "energy": 20.855291, "activity_lines": [ 3.536, 3.478545, 3.58319, 3.664258 ] }, { "date": "2024-08-30", "close": 3.54, "volume": 14989056, "typical_volume": 17588751.7, "trend": 3.733333, "fair_value": 5.352821, "relative_strength": -10.74716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.893324, "energy": 17.891637, "activity_lines": [ 3.544667, 3.488364, 3.573524, 3.648817 ] }, { "date": "2024-09-06", "close": 3.58, "volume": 18978490, "typical_volume": 17952584.1, "trend": 3.718333, "fair_value": 5.331154, "relative_strength": -7.130707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.209495, "energy": 14.781347, "activity_lines": [ 3.551333, 3.510364, 3.569095, 3.638925 ] }, { "date": "2024-09-13", "close": 3.4, "volume": 23957294, "typical_volume": 18822891.45, "trend": 3.719, "fair_value": 5.309551, "relative_strength": -9.575882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.648718, "energy": 25.750127, "activity_lines": [ 3.494, 3.499091, 3.547095, 3.618387 ] }, { "date": "2024-09-20", "close": 3.39, "volume": 7989737, "typical_volume": 18997871.35, "trend": 3.706, "fair_value": 5.289103, "relative_strength": -10.662403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.343006, "energy": 26.318043, "activity_lines": [ 3.451333, 3.486182, 3.524905, 3.597161 ] }, { "date": "2024-09-27", "close": 3.84, "volume": 21410793, "typical_volume": 19832348.5, "trend": 3.713667, "fair_value": 5.272051, "relative_strength": -10.025278, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.188419, "energy": 4.079473, "activity_lines": [ 3.577333, 3.553636, 3.547619, 3.605806 ] }, { "date": "2024-10-04", "close": 4.17, "volume": 11300795, "typical_volume": 19681980.75, "trend": 3.715333, "fair_value": 5.256346, "relative_strength": -9.316073, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.085235, "energy": 32.455672, "activity_lines": [ 3.784, 3.669636, 3.601238, 3.635247 ] }, { "date": "2024-10-11", "close": 3.94, "volume": 33893540, "typical_volume": 19985909.45, "trend": 3.712, "fair_value": 5.239038, "relative_strength": -10.818911, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.744253, "energy": 38.405415, "activity_lines": [ 3.872, 3.728182, 3.629476, 3.649742 ] }, { "date": "2024-10-18", "close": 4.13, "volume": 23549608, "typical_volume": 20414437.2, "trend": 3.705, "fair_value": 5.223846, "relative_strength": -7.476592, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.553912, "energy": 54.98683, "activity_lines": [ 3.999333, 3.813636, 3.67681, 3.67671 ] }, { "date": "2024-10-25", "close": 4.27, "volume": 40218645, "typical_volume": 21539855.3, "trend": 3.707333, "fair_value": 5.209551, "relative_strength": -5.18689, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 70.594033, "energy": 72.864258, "activity_lines": [ 4.124667, 3.916182, 3.73681, 3.713161 ] }, { "date": "2024-11-01", "close": 4.22, "volume": 34353845, "typical_volume": 22540305.3, "trend": 3.710333, "fair_value": 5.196603, "relative_strength": -5.204216, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.318925, "energy": 67.498428, "activity_lines": [ 4.174667, 3.998727, 3.790714, 3.746237 ] }, { "date": "2024-11-08", "close": 4.58, "volume": 29611736, "typical_volume": 23153210.65, "trend": 3.735, "fair_value": 5.184872, "relative_strength": -2.120653, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.389473, "energy": 75.302272, "activity_lines": [ 4.319333, 4.131818, 3.877667, 3.802344 ] }, { "date": "2024-11-15", "close": 4.47, "volume": 34500726, "typical_volume": 21572939.5, "trend": 3.767667, "fair_value": 5.173654, "relative_strength": -0.608097, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.822383, "energy": 68.555349, "activity_lines": [ 4.4, 4.226, 3.950476, 3.849763 ] }, { "date": "2024-11-22", "close": 4.42, "volume": 29748613, "typical_volume": 21808580.4, "trend": 3.796333, "fair_value": 5.16359, "relative_strength": 0.556055, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.943399, "energy": 58.594145, "activity_lines": [ 4.428667, 4.294909, 4.014143, 3.891849 ] }, { "date": "2024-11-29", "close": 4.81, "volume": 24941978, "typical_volume": 22012388.05, "trend": 3.829333, "fair_value": 5.157885, "relative_strength": 7.835305, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.145517, "energy": 70.178719, "activity_lines": [ 4.568, 4.416182, 4.110143, 3.957247 ] }, { "date": "2024-12-06", "close": 5.02, "volume": 32659220, "typical_volume": 22962049.1, "trend": 3.872333, "fair_value": 5.150449, "relative_strength": 10.33683, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.248114, "energy": 77.939808, "activity_lines": [ 4.741333, 4.549818, 4.219, 4.034065 ] }, { "date": "2024-12-13", "close": 5.46, "volume": 55368338, "typical_volume": 25040970.8, "trend": 3.939667, "fair_value": 5.14609, "relative_strength": 20.579476, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.754005, "energy": 87.152518, "activity_lines": [ 5.008, 4.742, 4.361143, 4.136495 ] }, { "date": "2024-12-20", "close": 5.04, "volume": 37151878, "typical_volume": 26155069.65, "trend": 3.969333, "fair_value": 5.138141, "relative_strength": 12.474574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.534707, "energy": 75.684412, "activity_lines": [ 5.076, 4.834364, 4.453048, 4.207484 ] }, { "date": "2024-12-27", "close": 4.6, "volume": 36218390, "typical_volume": 27080733.3, "trend": 3.989667, "fair_value": 5.125385, "relative_strength": 2.253258, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.544167, "energy": 50.978957, "activity_lines": [ 4.959333, 4.826727, 4.49581, 4.248172 ] }, { "date": "2025-01-03", "close": 4.14, "volume": 18722369, "typical_volume": 27252414.75, "trend": 3.994667, "fair_value": 5.109744, "relative_strength": -1.963191, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.713817, "energy": 29.594298, "activity_lines": [ 4.677333, 4.726909, 4.490333, 4.257871 ] }, { "date": "2025-01-10", "close": 4.05, "volume": 22768879, "typical_volume": 27616696.5, "trend": 3.997667, "fair_value": 5.094295, "relative_strength": -2.157792, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.659974, "energy": 19.917906, "activity_lines": [ 4.41, 4.613091, 4.474048, 4.261441 ] }, { "date": "2025-01-17", "close": 4.33, "volume": 19550317, "typical_volume": 27844759.55, "trend": 4.015, "fair_value": 5.080192, "relative_strength": 2.877629, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.245815, "energy": 24.296371, "activity_lines": [ 4.300667, 4.553273, 4.481333, 4.282882 ] }, { "date": "2025-01-24", "close": 4.4, "volume": 26937744, "typical_volume": 28242722.25, "trend": 4.043333, "fair_value": 5.065449, "relative_strength": 4.806638, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.628217, "energy": 22.045263, "activity_lines": [ 4.29, 4.510727, 4.491524, 4.30772 ] }, { "date": "2025-01-31", "close": 4.84, "volume": 5335876, "typical_volume": 27311651.35, "trend": 4.091, "fair_value": 5.050577, "relative_strength": 15.70673, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.276949, "energy": 19.744693, "activity_lines": [ 4.468667, 4.549455, 4.539714, 4.359118 ] }, { "date": "2025-02-07", "close": 4.78, "volume": 55329002, "typical_volume": 29678614.6, "trend": 4.14, "fair_value": 5.036026, "relative_strength": 12.485961, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.166448, "energy": 22.831426, "activity_lines": [ 4.611333, 4.569636, 4.575333, 4.40357 ] }, { "date": "2025-02-14", "close": 5.08, "volume": 46641460, "typical_volume": 30940147.95, "trend": 4.202333, "fair_value": 5.019808, "relative_strength": 17.413496, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 60.915325, "energy": 43.318483, "activity_lines": [ 4.811333, 4.644909, 4.632905, 4.464215 ] }, { "date": "2025-02-21", "close": 5.42, "volume": 43154273, "typical_volume": 32532821.85, "trend": 4.272667, "fair_value": 5.01, "relative_strength": 23.435798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.318882, "energy": 64.829144, "activity_lines": [ 5.056, 4.780909, 4.716952, 4.542774 ] }, { "date": "2025-02-28", "close": 5.2, "volume": 30457744, "typical_volume": 32361032.05, "trend": 4.328667, "fair_value": 5.004038, "relative_strength": 19.83954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.02339, "energy": 63.0673, "activity_lines": [ 5.154667, 4.877636, 4.774095, 4.602602 ] }, { "date": "2025-03-07", "close": 5.65, "volume": 46757744, "typical_volume": 33521438.85, "trend": 4.394667, "fair_value": 5.00141, "relative_strength": 27.610064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.166568, "energy": 71.893175, "activity_lines": [ 5.35, 5.053273, 4.868095, 4.687849 ] }, { "date": "2025-03-14", "close": 5.53, "volume": 33186631, "typical_volume": 33169838.15, "trend": 4.456667, "fair_value": 4.997308, "relative_strength": 22.653218, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.498251, "energy": 67.669852, "activity_lines": [ 5.451333, 5.188, 4.943429, 4.761097 ] }, { "date": "2025-03-21", "close": 5.21, "volume": 26955442, "typical_volume": 32799918.0, "trend": 4.517, "fair_value": 4.990705, "relative_strength": 17.222463, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.02331, "energy": 49.186213, "activity_lines": [ 5.396, 5.239273, 4.982286, 4.809699 ] }, { "date": "2025-03-28", "close": 5.17, "volume": 22690465, "typical_volume": 32453854.45, "trend": 4.571333, "fair_value": 4.982372, "relative_strength": 16.517709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.348313, "energy": 40.785922, "activity_lines": [ 5.318667, 5.262182, 5.012619, 4.851828 ] }, { "date": "2025-04-04", "close": 5.29, "volume": 12267736, "typical_volume": 31342204.95, "trend": 4.628333, "fair_value": 4.975577, "relative_strength": 19.143257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.948451, "energy": 33.134791, "activity_lines": [ 5.298, 5.291636, 5.051571, 4.898194 ] }, { "date": "2025-04-11", "close": 4.87, "volume": 19620480, "typical_volume": 30835798.3, "trend": 4.677333, "fair_value": 4.966154, "relative_strength": 12.819955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.203686, "energy": 16.353867, "activity_lines": [ 5.131333, 5.228545, 5.046619, 4.913785 ] }, { "date": "2025-04-18", "close": 4.98, "volume": 15805236, "typical_volume": 30378961.2, "trend": 4.730333, "fair_value": 4.955, "relative_strength": 13.388986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.693878, "energy": 17.176584, "activity_lines": [ 5.053333, 5.184909, 5.05, 4.933312 ] }, { "date": "2025-04-25", "close": 4.75, "volume": 14210230, "typical_volume": 29456511.7, "trend": 4.760667, "fair_value": 4.944359, "relative_strength": 7.106487, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.471483, "energy": 13.793937, "activity_lines": [ 4.935333, 5.095818, 5.030667, 4.934581 ] }, { "date": "2025-05-02", "close": 5.01, "volume": 13895810, "typical_volume": 27382885.3, "trend": 4.788667, "fair_value": 4.936731, "relative_strength": 13.040802, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.923497, "energy": 16.628017, "activity_lines": [ 4.934667, 5.06, 5.037381, 4.950667 ] }, { "date": "2025-05-09", "close": 5.38, "volume": 29610246, "typical_volume": 27005803.7, "trend": 4.836667, "fair_value": 4.932885, "relative_strength": 18.38211, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.626641, "energy": 16.476926, "activity_lines": [ 5.068, 5.098909, 5.081476, 4.988817 ] }, { "date": "2025-05-16", "close": 5.45, "volume": 42261516, "typical_volume": 27307960.0, "trend": 4.880667, "fair_value": 4.932051, "relative_strength": 18.133916, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.135521, "energy": 25.081368, "activity_lines": [ 5.218667, 5.147273, 5.130619, 5.028387 ] }, { "date": "2025-05-23", "close": 5.32, "volume": 25229060, "typical_volume": 27633294.55, "trend": 4.915667, "fair_value": 4.933846, "relative_strength": 15.575527, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.82734, "energy": 36.566227, "activity_lines": [ 5.287333, 5.175636, 5.163333, 5.056731 ] }, { "date": "2025-05-30", "close": 5.47, "volume": 35168958, "typical_volume": 28253298.5, "trend": 4.957333, "fair_value": 4.936026, "relative_strength": 18.300561, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.318295, "energy": 49.138366, "activity_lines": [ 5.383333, 5.235091, 5.204714, 5.092495 ] }, { "date": "2025-06-06", "close": 5.75, "volume": 19439318, "typical_volume": 28247748.55, "trend": 4.996333, "fair_value": 4.937308, "relative_strength": 22.299545, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.14974, "energy": 60.73825, "activity_lines": [ 5.524667, 5.340727, 5.266, 5.143634 ] }, { "date": "2025-06-13", "close": 6.3, "volume": 30941718, "typical_volume": 28447947.25, "trend": 5.057333, "fair_value": 4.942692, "relative_strength": 33.296356, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.387589, "energy": 74.643392, "activity_lines": [ 5.8, 5.535818, 5.372905, 5.227742 ] }, { "date": "2025-06-20", "close": 5.4, "volume": 107975385, "typical_volume": 33579922.7, "trend": 5.09, "fair_value": 4.942051, "relative_strength": 14.307173, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.034417, "energy": 54.920035, "activity_lines": [ 5.714, 5.548909, 5.385048, 5.249849 ] }, { "date": "2025-06-27", "close": 5.98, "volume": 70025935, "typical_volume": 34314769.35, "trend": 5.129, "fair_value": 4.944423, "relative_strength": 23.278974, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.423451, "energy": 54.692425, "activity_lines": [ 5.824667, 5.657818, 5.449762, 5.307269 ] }, { "date": "2025-07-04", "close": 6.17, "volume": 53615623, "typical_volume": 34663477.5, "trend": 5.167333, "fair_value": 4.948013, "relative_strength": 24.385669, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.893686, "energy": 51.215388, "activity_lines": [ 5.954667, 5.783091, 5.526857, 5.37443 ] }, { "date": "2025-07-11", "close": 6.17, "volume": 28850673, "typical_volume": 33948297.5, "trend": 5.191, "fair_value": 4.951538, "relative_strength": 21.987001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.313918, "energy": 43.5421, "activity_lines": [ 6.038, 5.882545, 5.598762, 5.439118 ] }, { "date": "2025-07-18", "close": 6.34, "volume": 29277385, "typical_volume": 33889279.55, "trend": 5.234333, "fair_value": 4.954359, "relative_strength": 23.305476, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.624053, "energy": 59.36334, "activity_lines": [ 6.15, 5.991818, 5.683286, 5.513247 ] }, { "date": "2025-07-25", "close": 6.78, "volume": 34836760, "typical_volume": 33293230.35, "trend": 5.307, "fair_value": 4.960641, "relative_strength": 28.43249, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.880458, "energy": 71.754205, "activity_lines": [ 6.406, 6.163636, 5.804286, 5.612968 ] }, { "date": "2025-08-01", "close": 6.71, "volume": 48920320, "typical_volume": 34079914.8, "trend": 5.392667, "fair_value": 4.965321, "relative_strength": 27.188779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.244742, "energy": 71.135436, "activity_lines": [ 6.546667, 6.298545, 5.913238, 5.703484 ] }, { "date": "2025-08-08", "close": 7.24, "volume": 49623509, "typical_volume": 35213318.15, "trend": 5.499, "fair_value": 4.975128, "relative_strength": 33.170896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.608988, "energy": 77.775045, "activity_lines": [ 6.815333, 6.504545, 6.067048, 5.822667 ] }, { "date": "2025-08-15", "close": 6.73, "volume": 41662659, "typical_volume": 36161927.85, "trend": 5.579, "fair_value": 4.980128, "relative_strength": 20.87733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.187629, "energy": 68.260686, "activity_lines": [ 6.842667, 6.585636, 6.162619, 5.902086 ] }, { "date": "2025-08-22", "close": 6.76, "volume": 27136665, "typical_volume": 36905374.3, "trend": 5.657667, "fair_value": 4.984231, "relative_strength": 16.466223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.38959, "energy": 51.292775, "activity_lines": [ 6.842667, 6.654364, 6.253619, 5.97828 ] }, { "date": "2025-08-29", "close": 6.31, "volume": 34925751, "typical_volume": 37670637.85, "trend": 5.706667, "fair_value": 4.98641, "relative_strength": 7.276392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.19254, "energy": 40.288072, "activity_lines": [ 6.664667, 6.632909, 6.294762, 6.020366 ] }, { "date": "2025-09-05", "close": 6.29, "volume": 30979016, "typical_volume": 38429326.85, "trend": 5.757, "fair_value": 4.987885, "relative_strength": 7.727171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.57092, "energy": 24.008667, "activity_lines": [ 6.511333, 6.591273, 6.327143, 6.058 ] }, { "date": "2025-09-12", "close": 6.31, "volume": 30858606, "typical_volume": 39261745.65, "trend": 5.798, "fair_value": 4.989551, "relative_strength": 5.951865, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.260457, "energy": 19.60526, "activity_lines": [ 6.392667, 6.547636, 6.35519, 6.093677 ] }, { "date": "2025-09-19", "close": 6.0, "volume": 26050583, "typical_volume": 39869484.3, "trend": 5.817333, "fair_value": 4.990513, "relative_strength": 1.656891, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.834316, "energy": 20.571331, "activity_lines": [ 6.232667, 6.445091, 6.346286, 6.10671 ] }, { "date": "2025-09-26", "close": 6.08, "volume": 26976833, "typical_volume": 39737813.65, "trend": 5.846667, "fair_value": 4.991538, "relative_strength": 2.357637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.816527, "energy": 19.450163, "activity_lines": [ 6.148, 6.360182, 6.340286, 6.123656 ] }, { "date": "2025-10-03", "close": 6.14, "volume": 12765086, "typical_volume": 38262992.15, "trend": 5.863, "fair_value": 4.99359, "relative_strength": 1.495256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.062135, "energy": 15.949399, "activity_lines": [ 6.128667, 6.290909, 6.336667, 6.142581 ] }, { "date": "2025-10-10", "close": 6.24, "volume": 12072170, "typical_volume": 37605147.65, "trend": 5.886667, "fair_value": 4.998141, "relative_strength": 2.295371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.086068, "energy": 13.946111, "activity_lines": [ 6.154, 6.251455, 6.339286, 6.166903 ] }, { "date": "2025-10-17", "close": 6.11, "volume": 25368841, "typical_volume": 37115141.8, "trend": 5.916667, "fair_value": 5.002885, "relative_strength": 1.253978, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.507653, "energy": 10.183244, "activity_lines": [ 6.139333, 6.196909, 6.325143, 6.181312 ] }, { "date": "2025-10-24", "close": 6.53, "volume": 20907159, "typical_volume": 37188533.85, "trend": 5.962, "fair_value": 5.008974, "relative_strength": 4.725537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.80124, "energy": 15.441021, "activity_lines": [ 6.278, 6.239273, 6.347952, 6.220882 ] }, { "date": "2025-10-31", "close": 6.63, "volume": 20703264, "typical_volume": 36676611.15, "trend": 6.006667, "fair_value": 5.013077, "relative_strength": 5.710834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.527314, "energy": 24.884183, "activity_lines": [ 6.414667, 6.303455, 6.376571, 6.263978 ] }, { "date": "2025-11-07", "close": 6.99, "volume": 38164151, "typical_volume": 33186049.45, "trend": 6.077333, "fair_value": 5.017821, "relative_strength": 9.69725, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.978321, "energy": 53.995031, "activity_lines": [ 6.634667, 6.435455, 6.437905, 6.327419 ] }, { "date": "2025-11-14", "close": 7.19, "volume": 25257945, "typical_volume": 30947649.95, "trend": 6.151, "fair_value": 5.02609, "relative_strength": 12.412194, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.472001, "energy": 75.622021, "activity_lines": [ 6.864667, 6.591455, 6.510714, 6.399204 ] }, { "date": "2025-11-21", "close": 6.41, "volume": 31407275, "typical_volume": 29837232.55, "trend": 6.206333, "fair_value": 5.028462, "relative_strength": 3.886413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.924822, "energy": 58.168962, "activity_lines": [ 6.771333, 6.589273, 6.503476, 6.415914 ] }, { "date": "2025-11-28", "close": 6.86, "volume": 29732821, "typical_volume": 29881339.95, "trend": 6.268, "fair_value": 5.032885, "relative_strength": 9.228692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.272209, "energy": 59.328055, "activity_lines": [ 6.808, 6.667091, 6.537952, 6.458086 ] }, { "date": "2025-12-05", "close": 6.72, "volume": 24009773, "typical_volume": 29617959.35, "trend": 6.312667, "fair_value": 5.034103, "relative_strength": 6.297102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.01769, "energy": 35.081405, "activity_lines": [ 6.776, 6.703818, 6.55581, 6.487247 ] }, { "date": "2025-12-12", "close": 6.16, "volume": 23148371, "typical_volume": 29033539.9, "trend": 6.336333, "fair_value": 5.034679, "relative_strength": -2.193635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.909113, "energy": 11.159572, "activity_lines": [ 6.551333, 6.627091, 6.518524, 6.477398 ] }, { "date": "2025-12-19", "close": 6.45, "volume": 24859873, "typical_volume": 27830517.55, "trend": 6.374, "fair_value": 5.034551, "relative_strength": 2.18589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.346671, "energy": 13.749624, "activity_lines": [ 6.478667, 6.602727, 6.51181, 6.484731 ] }, { "date": "2025-12-26", "close": 6.26, "volume": 22687104, "typical_volume": 26483697.3, "trend": 6.400333, "fair_value": 5.032115, "relative_strength": -2.917147, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.070298, "energy": 13.235098, "activity_lines": [ 6.392, 6.54, 6.488238, 6.477376 ] }, { "date": "2026-01-02", "close": 6.23, "volume": 11067339, "typical_volume": 24953931.3, "trend": 6.416333, "fair_value": 5.024295, "relative_strength": -3.827034, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.211864, "energy": 17.14649, "activity_lines": [ 6.305333, 6.469091, 6.466476, 6.466387 ] }, { "date": "2026-01-09", "close": 6.22, "volume": 34540549, "typical_volume": 25324125.5, "trend": 6.413667, "fair_value": 5.021282, "relative_strength": -7.765237, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.125754, "energy": 25.789793, "activity_lines": [ 6.257333, 6.401818, 6.446143, 6.45372 ] }, { "date": "2026-01-16", "close": 6.14, "volume": 28934804, "typical_volume": 25024578.15, "trend": 6.438333, "fair_value": 5.020897, "relative_strength": -8.713518, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.190142, "energy": 42.883017, "activity_lines": [ 6.216, 6.327455, 6.420762, 6.436065 ] }, { "date": "2026-01-23", "close": 6.46, "volume": 23369492, "typical_volume": 24644101.95, "trend": 6.454333, "fair_value": 5.022756, "relative_strength": -4.98423, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.029171, "energy": 27.422678, "activity_lines": [ 6.282667, 6.326727, 6.426667, 6.437462 ] }, { "date": "2026-01-30", "close": 6.29, "volume": 37475424, "typical_volume": 24974942.85, "trend": 6.458333, "fair_value": 5.024103, "relative_strength": -7.117242, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.584349, "energy": 23.008637, "activity_lines": [ 6.292, 6.308364, 6.415571, 6.42686 ] }, { "date": "2026-02-06", "close": 6.61, "volume": 57190747, "typical_volume": 26531951.05, "trend": 6.473, "fair_value": 5.026795, "relative_strength": -1.341158, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.152279, "energy": 10.626024, "activity_lines": [ 6.406, 6.350364, 6.435048, 6.436645 ] }, { "date": "2026-02-13", "close": 6.68, "volume": 26316612, "typical_volume": 26498940.0, "trend": 6.484333, "fair_value": 5.028077, "relative_strength": -0.836276, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.11582, "energy": 12.244217, "activity_lines": [ 6.518, 6.409636, 6.458286, 6.45 ] }, { "date": "2026-02-27", "close": 6.73, "volume": 21052582, "typical_volume": 26913314.8, "trend": 6.482667, "fair_value": 5.028462, "relative_strength": -2.047853, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.093587, "energy": 18.233028, "activity_lines": [ 6.616, 6.478727, 6.483429, 6.465849 ] }, { "date": "2026-03-06", "close": 6.96, "volume": 47293964, "typical_volume": 28674404.5, "trend": 6.491, "fair_value": 5.030385, "relative_strength": 2.105078, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.730604, "energy": 51.100927, "activity_lines": [ 6.751333, 6.579273, 6.527667, 6.496645 ] }, { "date": "2026-03-13", "close": 7.35, "volume": 82800229, "typical_volume": 31545973.9, "trend": 6.494667, "fair_value": 5.035449, "relative_strength": 8.432696, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.109834, "energy": 68.046754, "activity_lines": [ 6.983333, 6.741455, 6.605619, 6.552065 ] }, { "date": "2026-03-20", "close": 6.99, "volume": 52275752, "typical_volume": 33114403.55, "trend": 6.503333, "fair_value": 5.037949, "relative_strength": 6.543489, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.898112, "energy": 63.245494, "activity_lines": [ 7.024667, 6.818364, 6.643381, 6.584022 ] }, { "date": "2026-03-27", "close": 7.18, "volume": 43900690, "typical_volume": 34274274.85, "trend": 6.517333, "fair_value": 5.042372, "relative_strength": 10.285022, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.250544, "energy": 64.714368, "activity_lines": [ 7.104, 6.916, 6.697048, 6.627677 ] }, { "date": "2026-04-03", "close": 6.44, "volume": 37608402, "typical_volume": 34246487.4, "trend": 6.521667, "fair_value": 5.044038, "relative_strength": -0.358969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.592943, "energy": 29.181579, "activity_lines": [ 6.903333, 6.861636, 6.677619, 6.622688 ] }, { "date": "2026-04-10", "close": 6.53, "volume": 29111531, "typical_volume": 34439166.7, "trend": 6.529667, "fair_value": 5.046603, "relative_strength": -1.719061, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.532879, "energy": 13.285483, "activity_lines": [ 6.752, 6.818182, 6.669381, 6.623226 ] }, { "date": "2026-04-17", "close": 6.4, "volume": 36705630, "typical_volume": 34704084.45, "trend": 6.532667, "fair_value": 5.049808, "relative_strength": -5.308598, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.042132, "energy": 14.298199, "activity_lines": [ 6.586, 6.749818, 6.651905, 6.61486 ] }, { "date": "2026-04-24", "close": 6.41, "volume": 23271131, "typical_volume": 34380999.95, "trend": 6.546333, "fair_value": 5.05359, "relative_strength": -5.878225, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.100838, "energy": 16.50784, "activity_lines": [ 6.486667, 6.681273, 6.635429, 6.606946 ] }, { "date": "2026-05-01", "close": 7.45, "volume": 38588333, "typical_volume": 35109927.95, "trend": 6.592, "fair_value": 5.06641, "relative_strength": 8.073668, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.054854, "energy": 19.698134, "activity_lines": [ 6.772667, 6.805455, 6.720143, 6.665247 ] }, { "date": "2026-05-08", "close": 7.74, "volume": 33146621, "typical_volume": 35609840.45, "trend": 6.645333, "fair_value": 5.082372, "relative_strength": 10.050707, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.020785, "energy": 49.683625, "activity_lines": [ 7.137333, 6.968364, 6.829, 6.739312 ] }, { "date": "2026-05-15", "close": 8.58, "volume": 71718358, "typical_volume": 37952764.7, "trend": 6.723333, "fair_value": 5.102051, "relative_strength": 22.657014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.111677, "energy": 77.832924, "activity_lines": [ 7.695333, 7.265636, 7.010333, 6.864129 ] }, { "date": "2026-05-22", "close": 8.76, "volume": 52683949, "typical_volume": 39452606.95, "trend": 6.811667, "fair_value": 5.126346, "relative_strength": 25.187102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.520565, "energy": 85.150179, "activity_lines": [ 8.176667, 7.566182, 7.198667, 6.995527 ] }, { "date": "2026-05-29", "close": 8.23, "volume": 55560881, "typical_volume": 41677284.05, "trend": 6.868333, "fair_value": 5.151346, "relative_strength": 18.314082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.960295, "energy": 78.168192, "activity_lines": [ 8.324, 7.744727, 7.324619, 7.087032 ] }, { "date": "2026-06-05", "close": 7.95, "volume": 4939536, "typical_volume": 40197233.4, "trend": 6.912333, "fair_value": 5.174872, "relative_strength": 15.007965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.546046, "energy": 74.992562, "activity_lines": [ 8.256667, 7.849818, 7.414381, 7.156817 ] }, { "date": "2026-06-12", "close": 7.58, "volume": 4907600, "typical_volume": 38995873.2, "trend": 6.932, "fair_value": 5.19641, "relative_strength": 9.330075, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.634893, "energy": 46.017777, "activity_lines": [ 8.032667, 7.873636, 7.460667, 7.199892 ] }, { "date": "2026-06-19", "close": 7.7, "volume": 35793938, "typical_volume": 39617095.5, "trend": 6.949, "fair_value": 5.216474, "relative_strength": 9.439221, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.051973, "energy": 27.930563, "activity_lines": [ 7.859333, 7.898545, 7.511524, 7.249441 ] }, { "date": "2026-06-26", "close": 7.04, "volume": 12185298, "typical_volume": 38352589.2, "trend": 6.97, "fair_value": 5.230833, "relative_strength": 1.469505, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.414615, "energy": 18.877812, "activity_lines": [ 7.524667, 7.782182, 7.493619, 7.255312 ] }, { "date": "2026-07-03", "close": 7.63, "volume": 16533041, "typical_volume": 36319703.9, "trend": 6.995667, "fair_value": 5.24891, "relative_strength": 9.35636, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.942821, "energy": 21.329559, "activity_lines": [ 7.501333, 7.761455, 7.528333, 7.297892 ] }, { "date": "2026-07-10", "close": 7.1, "volume": 61617896, "typical_volume": 38084768.1, "trend": 7.008333, "fair_value": 5.266282, "relative_strength": 2.969492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.340682, "energy": 16.614765, "activity_lines": [ 7.341333, 7.622182, 7.507714, 7.304624 ] }, { "date": "2026-07-17", "close": 6.36, "volume": 38388147, "typical_volume": 38951546.35, "trend": 7.015, "fair_value": 5.277051, "relative_strength": -2.002996, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.807447, "energy": 27.282388, "activity_lines": [ 6.991333, 7.354727, 7.414619, 7.262796 ] }, { "date": "2026-07-24", "close": 5.87, "volume": 38253217, "typical_volume": 38499509.0, "trend": 6.995667, "fair_value": 5.284744, "relative_strength": -10.485393, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.416406, "energy": 38.08382, "activity_lines": [ 6.559333, 7.023273, 7.276619, 7.188925 ] }, { "date": "2026-07-31", "close": 6.41, "volume": 27405060, "typical_volume": 35729750.55, "trend": 7.000667, "fair_value": 5.296474, "relative_strength": -2.477958, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.590173, "energy": 42.430663, "activity_lines": [ 6.429333, 6.839273, 7.195238, 7.15114 ] }, { "date": "2026-08-07", "close": 7.48, "volume": 44931396, "typical_volume": 35362532.75, "trend": 7.042333, "fair_value": 5.314359, "relative_strength": 10.671297, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.691823, "energy": 27.698353, "activity_lines": [ 6.698, 6.892545, 7.220238, 7.182065 ] } ], "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." } } }