{ "ticker": { "uuid": "99c94bd2-0ff0-4be7-8cc5-47506207d803", "symbol": "600774", "name": "Hanshang Group Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -59.103, "architecture_energy": 51.306, "architecture_maturity": 97.032, "architecture_confidence": 85.325, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 15.24, "rotation_up": 27.93, "upward_expansion": 9.01, "deceleration": 60.98, "rotation_down": 44.07, "downward_expansion": 77.68 }, "activity_lines": [ 6.562, 6.586364, 7.08681, 7.622903 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 6.93, "trend_reference": 8.368333, "distance_from_trend": -0.171878, "trend_direction": "Weakening", "fair_value": 8.591474, "distance_from_fair_value": -0.193386, "fair_value_direction": "Weakening", "relative_strength": -22.366099, "relative_strength_direction": "Weakening", "price_momentum": -0.329787, "excess_performance": -0.286583, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.171878, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.105724, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.193386, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.151923, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.223661, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.056542, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.329787, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.533989, "read": "Supply-led" } ], "volume": { "latest": 21014881, "relative_activity": 1.122185, "balance": 0.533989, "dry_up": 1.511535, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.092685, "annualized_volatility": 0.349211, "from_high_reference": -0.466923, "from_low_reference": 0.186644 }, "levels": { "trend_reference": 8.368333, "fair_value_reference": 8.591474, "structural_low": 5.84, "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": 26, "median_return": -0.012378, "positive_rate": 0.461538, "directional_follow_through": 0.538462, "median_excess_return": -0.025989, "regime_survival": 0.769231, "best_return": 0.312937, "worst_return": -0.390841, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.03244, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.015985, "regime_survival": 0.7, "best_return": 0.251156, "worst_return": -0.327947, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.119962, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.07107, "regime_survival": 0.5, "best_return": 0.211094, "worst_return": -0.380457, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.102805, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.056291, "regime_survival": 0.0, "best_return": 0.479199, "worst_return": -0.403197, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-10-18", "tenure": "Developing", "return": 0.135593, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2025-01-03", "tenure": "Developing", "return": -0.11, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.043284, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.053901, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-21", "tenure": "Developing", "return": 0.060729, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.005202, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.13815, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-08-29", "tenure": "Established", "return": 0.147674, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-12-26", "tenure": "Established", "return": -0.066733, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.033917, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-01-16", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.149784, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-27", "tenure": "Developing", "return": -0.16381, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.2125, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 12.89, "volume": 10329796, "typical_volume": 10992630.75, "trend": 12.507542, "fair_value": 13.524416, "relative_strength": 4.541933, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 45.279567, "energy": 25.154555, "activity_lines": [ 12.765142, 12.719575, 12.650179, 12.602311 ] }, { "date": "2023-08-04", "close": 12.4, "volume": 11909700, "typical_volume": 11193503.65, "trend": 12.546313, "fair_value": 13.521028, "relative_strength": 0.169659, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.421355, "energy": 8.791021, "activity_lines": [ 12.64589, 12.666299, 12.640189, 12.595373 ] }, { "date": "2023-08-11", "close": 11.0, "volume": 25985119, "typical_volume": 12107785.6, "trend": 12.538417, "fair_value": 13.495074, "relative_strength": -8.353664, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -71.902593, "energy": 51.038708, "activity_lines": [ 12.073333, 12.366101, 12.493839, 12.495611 ] }, { "date": "2023-08-18", "close": 11.26, "volume": 10448897, "typical_volume": 12269961.75, "trend": 12.499708, "fair_value": 13.47951, "relative_strength": -4.572916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.464343, "energy": 66.975345, "activity_lines": [ 11.723333, 12.136123, 12.376175, 12.413132 ] }, { "date": "2023-08-25", "close": 9.43, "volume": 26827424, "typical_volume": 13329672.75, "trend": 12.403317, "fair_value": 13.453922, "relative_strength": -18.188776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.629257, "energy": 86.258952, "activity_lines": [ 10.858667, 11.60376, 12.086912, 12.215086 ] }, { "date": "2023-09-01", "close": 10.06, "volume": 22234005, "typical_volume": 13423556.45, "trend": 12.305033, "fair_value": 13.43743, "relative_strength": -14.461822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.560157, "energy": 85.323816, "activity_lines": [ 10.413333, 11.24413, 11.869286, 12.063905 ] }, { "date": "2023-09-08", "close": 10.18, "volume": 14236870, "typical_volume": 13662213.85, "trend": 12.207764, "fair_value": 13.419369, "relative_strength": -12.75149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.935417, "energy": 85.027029, "activity_lines": [ 10.196667, 10.950697, 11.675375, 11.926806 ] }, { "date": "2023-09-15", "close": 10.17, "volume": 11985181, "typical_volume": 13871036.95, "trend": 12.103195, "fair_value": 13.40472, "relative_strength": -12.609584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.076033, "energy": 83.319943, "activity_lines": [ 10.124667, 10.699455, 11.492228, 11.795337 ] }, { "date": "2023-09-22", "close": 10.22, "volume": 12643618, "typical_volume": 14306272.85, "trend": 12.005269, "fair_value": 13.392098, "relative_strength": -12.436738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.145214, "energy": 69.295112, "activity_lines": [ 10.124667, 10.509455, 11.325842, 11.673841 ] }, { "date": "2023-09-29", "close": 10.17, "volume": 13496020, "typical_volume": 14410965.7, "trend": 11.906008, "fair_value": 13.374225, "relative_strength": -12.163511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.77111, "energy": 53.348125, "activity_lines": [ 10.177333, 10.355273, 11.166314, 11.555436 ] }, { "date": "2023-10-13", "close": 10.15, "volume": 15461966, "typical_volume": 14593735.1, "trend": 11.837929, "fair_value": 13.362293, "relative_strength": -11.646482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.366104, "energy": 50.990324, "activity_lines": [ 10.174, 10.241091, 11.015413, 11.442145 ] }, { "date": "2023-10-20", "close": 9.41, "volume": 9835204, "typical_volume": 14365032.2, "trend": 11.75945, "fair_value": 13.34195, "relative_strength": -15.133767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.804606, "energy": 58.701259, "activity_lines": [ 9.918, 10.042182, 10.806983, 11.285505 ] }, { "date": "2023-10-27", "close": 9.58, "volume": 17281363, "typical_volume": 14622993.85, "trend": 11.684647, "fair_value": 13.330283, "relative_strength": -14.499881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.702389, "energy": 57.068129, "activity_lines": [ 9.77, 9.928545, 10.630979, 11.144895 ] }, { "date": "2023-11-03", "close": 9.92, "volume": 32394942, "typical_volume": 15264499.45, "trend": 11.621177, "fair_value": 13.315169, "relative_strength": -11.763817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.871378, "energy": 51.944578, "activity_lines": [ 9.774667, 9.902545, 10.500127, 11.031047 ] }, { "date": "2023-11-10", "close": 10.08, "volume": 15124197, "typical_volume": 15383913.3, "trend": 11.561382, "fair_value": 13.304938, "relative_strength": -10.49426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.631778, "energy": 48.66003, "activity_lines": [ 9.852667, 9.93, 10.398842, 10.931616 ] }, { "date": "2023-11-17", "close": 10.23, "volume": 11588501, "typical_volume": 15701600.15, "trend": 11.481041, "fair_value": 13.29788, "relative_strength": -9.555477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.344851, "energy": 38.092295, "activity_lines": [ 9.986667, 9.972909, 10.323986, 10.845721 ] }, { "date": "2023-11-24", "close": 10.52, "volume": 15714588, "typical_volume": 16079277.45, "trend": 11.410366, "fair_value": 13.293756, "relative_strength": -6.531811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.365918, "energy": 24.63866, "activity_lines": [ 10.212, 10.065455, 10.287564, 10.783718 ] }, { "date": "2023-12-01", "close": 10.35, "volume": 19068600, "typical_volume": 16027814.4, "trend": 11.332366, "fair_value": 13.288099, "relative_strength": -7.424236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.201308, "energy": 25.002896, "activity_lines": [ 10.306667, 10.120909, 10.244857, 10.715307 ] }, { "date": "2023-12-08", "close": 9.89, "volume": 14807955, "typical_volume": 16150848.5, "trend": 11.240028, "fair_value": 13.27823, "relative_strength": -9.45447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.360191, "energy": 26.375891, "activity_lines": [ 10.196667, 10.089455, 10.171143, 10.622251 ] }, { "date": "2023-12-15", "close": 10.0, "volume": 14535189, "typical_volume": 16295456.75, "trend": 11.160646, "fair_value": 13.262049, "relative_strength": -7.389917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.943013, "energy": 26.952011, "activity_lines": [ 10.125333, 10.084, 10.121238, 10.54225 ] }, { "date": "2023-12-22", "close": 9.69, "volume": 11972995, "typical_volume": 16377616.7, "trend": 11.054674, "fair_value": 13.237875, "relative_strength": -8.924322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.092603, "energy": 43.784962, "activity_lines": [ 9.956, 10.025273, 10.054048, 10.447369 ] }, { "date": "2023-12-29", "close": 9.86, "volume": 9095667, "typical_volume": 16236915.05, "trend": 10.956028, "fair_value": 13.218204, "relative_strength": -8.856462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.968539, "energy": 42.710607, "activity_lines": [ 9.879333, 10.005818, 10.018286, 10.370293 ] }, { "date": "2024-01-05", "close": 9.91, "volume": 7618154, "typical_volume": 15318566.8, "trend": 10.877627, "fair_value": 13.194998, "relative_strength": -6.833503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.564887, "energy": 39.185509, "activity_lines": [ 9.863333, 9.987273, 9.999381, 10.302808 ] }, { "date": "2024-01-12", "close": 9.39, "volume": 39132447, "typical_volume": 16752744.3, "trend": 10.759665, "fair_value": 13.170608, "relative_strength": -10.095737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.163233, "energy": 46.398036, "activity_lines": [ 9.703333, 9.868182, 9.936143, 10.206832 ] }, { "date": "2024-01-19", "close": 8.89, "volume": 41458240, "typical_volume": 17484285.1, "trend": 10.634989, "fair_value": 13.143266, "relative_strength": -13.196049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.39365, "energy": 59.076217, "activity_lines": [ 9.41, 9.667818, 9.83419, 10.086208 ] }, { "date": "2024-01-26", "close": 8.79, "volume": 24575547, "typical_volume": 17601362.2, "trend": 10.511293, "fair_value": 13.113006, "relative_strength": -16.08426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.298273, "energy": 66.995475, "activity_lines": [ 9.157333, 9.470909, 9.725286, 9.967177 ] }, { "date": "2024-02-02", "close": 6.77, "volume": 25722064, "typical_volume": 18175621.9, "trend": 10.316945, "fair_value": 13.070241, "relative_strength": -30.626027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.334059, "energy": 91.988348, "activity_lines": [ 8.291333, 8.932909, 9.430048, 9.725803 ] }, { "date": "2024-02-09", "close": 5.72, "volume": 38366228, "typical_volume": 19494674.25, "trend": 10.073, "fair_value": 13.021314, "relative_strength": -43.557693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.016749, "energy": 97.369083, "activity_lines": [ 7.281333, 8.272182, 9.051048, 9.429226 ] }, { "date": "2024-02-23", "close": 6.95, "volume": 30704345, "typical_volume": 20397710.6, "trend": 9.881667, "fair_value": 12.974582, "relative_strength": -33.980644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.511899, "energy": 88.293819, "activity_lines": [ 6.960667, 7.919273, 8.810381, 9.227742 ] }, { "date": "2024-03-01", "close": 7.07, "volume": 25562984, "typical_volume": 21001058.8, "trend": 9.698333, "fair_value": 12.925521, "relative_strength": -32.669677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.767755, "energy": 87.205451, "activity_lines": [ 6.842667, 7.641636, 8.596714, 9.046344 ] }, { "date": "2024-03-08", "close": 7.56, "volume": 88940582, "typical_volume": 24674989.6, "trend": 9.520667, "fair_value": 12.882573, "relative_strength": -27.834036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.662395, "energy": 59.464135, "activity_lines": [ 7.009333, 7.506364, 8.444476, 8.908387 ] }, { "date": "2024-03-15", "close": 7.51, "volume": 41299338, "typical_volume": 26248196.3, "trend": 9.357667, "fair_value": 12.837851, "relative_strength": -27.912285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.446274, "energy": 47.709796, "activity_lines": [ 7.241333, 7.400727, 8.29981, 8.778667 ] }, { "date": "2024-03-22", "close": 7.56, "volume": 37522830, "typical_volume": 27260269.65, "trend": 9.243, "fair_value": 12.792563, "relative_strength": -26.740483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.717141, "energy": 35.663239, "activity_lines": [ 7.440667, 7.346909, 8.168952, 8.662688 ] }, { "date": "2024-03-29", "close": 7.5, "volume": 21400053, "typical_volume": 26710525.2, "trend": 9.117667, "fair_value": 12.741961, "relative_strength": -26.677582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.781016, "energy": 29.713632, "activity_lines": [ 7.497333, 7.324909, 8.042, 8.550237 ] }, { "date": "2024-04-05", "close": 7.69, "volume": 13720747, "typical_volume": 26640352.7, "trend": 9.059667, "fair_value": 12.692513, "relative_strength": -25.031018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.787441, "energy": 26.442038, "activity_lines": [ 7.580667, 7.371818, 7.944667, 8.458129 ] }, { "date": "2024-04-12", "close": 7.27, "volume": 46006051, "typical_volume": 28361230.2, "trend": 8.966667, "fair_value": 12.638603, "relative_strength": -27.453052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.834874, "energy": 27.358987, "activity_lines": [ 7.482667, 7.364182, 7.818714, 8.342667 ] }, { "date": "2024-04-19", "close": 6.65, "volume": 26105062, "typical_volume": 28880753.9, "trend": 8.849, "fair_value": 12.579328, "relative_strength": -34.097092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.862015, "energy": 39.171968, "activity_lines": [ 7.197333, 7.271455, 7.64781, 8.193204 ] }, { "date": "2024-04-26", "close": 6.81, "volume": 15425940, "typical_volume": 28698620.9, "trend": 8.737, "fair_value": 12.522532, "relative_strength": -32.397554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.109836, "energy": 41.253002, "activity_lines": [ 7.022667, 7.21, 7.510571, 8.061656 ] }, { "date": "2024-05-03", "close": 7.25, "volume": 8837000, "typical_volume": 28400073.15, "trend": 8.638, "fair_value": 12.466281, "relative_strength": -27.768744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.838455, "energy": 39.735102, "activity_lines": [ 7.044667, 7.208727, 7.432095, 7.96572 ] }, { "date": "2024-05-10", "close": 8.12, "volume": 89577412, "typical_volume": 32152184.3, "trend": 8.569667, "fair_value": 12.416492, "relative_strength": -19.782282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.103898, "energy": 24.368207, "activity_lines": [ 7.373333, 7.360182, 7.449048, 7.932301 ] }, { "date": "2024-05-17", "close": 7.57, "volume": 73733526, "typical_volume": 35240210.85, "trend": 8.483667, "fair_value": 12.365706, "relative_strength": -24.572062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.237968, "energy": 17.831281, "activity_lines": [ 7.49, 7.392545, 7.422571, 7.867806 ] }, { "date": "2024-05-24", "close": 7.87, "volume": 84378955, "typical_volume": 39004375.25, "trend": 8.432333, "fair_value": 12.319119, "relative_strength": -19.326234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.433675, "energy": 14.192738, "activity_lines": [ 7.686667, 7.479273, 7.434762, 7.828215 ] }, { "date": "2024-05-31", "close": 8.32, "volume": 77631136, "typical_volume": 42505024.35, "trend": 8.390333, "fair_value": 12.267072, "relative_strength": -14.015687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.975238, "energy": 14.143968, "activity_lines": [ 7.952, 7.641273, 7.499286, 7.820968 ] }, { "date": "2024-06-07", "close": 8.64, "volume": 111783122, "typical_volume": 46137558.1, "trend": 8.347667, "fair_value": 12.231489, "relative_strength": -9.02194, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.801338, "energy": 22.419777, "activity_lines": [ 8.223333, 7.847636, 7.601857, 7.837075 ] }, { "date": "2024-06-14", "close": 9.5, "volume": 138384098, "typical_volume": 50983851.0, "trend": 8.328333, "fair_value": 12.204011, "relative_strength": 1.063192, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.40461, "energy": 46.73393, "activity_lines": [ 8.688667, 8.189636, 7.789905, 7.911419 ] }, { "date": "2024-06-21", "close": 8.59, "volume": 96507494, "typical_volume": 54580448.35, "trend": 8.273667, "fair_value": 12.175757, "relative_strength": -6.910166, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.607245, "energy": 39.757156, "activity_lines": [ 8.758667, 8.333273, 7.888381, 7.928301 ] }, { "date": "2024-06-28", "close": 8.08, "volume": 56029653, "typical_volume": 56095827.8, "trend": 8.192333, "fair_value": 12.134182, "relative_strength": -10.897867, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.09457, "energy": 29.157945, "activity_lines": [ 8.590667, 8.360182, 7.939238, 7.915806 ] }, { "date": "2024-07-05", "close": 8.27, "volume": 49259232, "typical_volume": 56640478.0, "trend": 8.123, "fair_value": 12.091929, "relative_strength": -7.619807, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.005756, "energy": 19.523979, "activity_lines": [ 8.472, 8.395636, 8.001952, 7.920817 ] }, { "date": "2024-07-12", "close": 7.81, "volume": 42917330, "typical_volume": 57251127.25, "trend": 8.053667, "fair_value": 12.047486, "relative_strength": -12.662306, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.475243, "energy": 5.094668, "activity_lines": [ 8.203333, 8.320909, 8.008714, 7.900624 ] }, { "date": "2024-07-19", "close": 7.13, "volume": 38697820, "typical_volume": 57907869.05, "trend": 7.958, "fair_value": 12.003552, "relative_strength": -19.694878, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.064708, "energy": 15.561894, "activity_lines": [ 7.763333, 8.112364, 7.946619, 7.841032 ] }, { "date": "2024-07-26", "close": 6.88, "volume": 19046257, "typical_volume": 54413152.8, "trend": 7.864333, "fair_value": 11.951946, "relative_strength": -19.257381, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.671765, "energy": 21.927885, "activity_lines": [ 7.398, 7.876364, 7.860429, 7.771484 ] }, { "date": "2024-08-02", "close": 7.29, "volume": 26187507, "typical_volume": 53657561.25, "trend": 7.778667, "fair_value": 11.904865, "relative_strength": -14.052818, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.796222, "energy": 24.176256, "activity_lines": [ 7.283333, 7.727455, 7.816524, 7.73443 ] }, { "date": "2024-08-09", "close": 7.31, "volume": 32510931, "typical_volume": 53406966.3, "trend": 7.692, "fair_value": 11.853423, "relative_strength": -11.714943, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.16756, "energy": 28.317371, "activity_lines": [ 7.228, 7.592727, 7.775571, 7.704194 ] }, { "date": "2024-08-16", "close": 7.07, "volume": 19666572, "typical_volume": 53320292.25, "trend": 7.614667, "fair_value": 11.790835, "relative_strength": -14.375629, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.550061, "energy": 30.809267, "activity_lines": [ 7.156667, 7.432727, 7.712952, 7.664065 ] }, { "date": "2024-08-23", "close": 6.48, "volume": 16917976, "typical_volume": 53480153.7, "trend": 7.534333, "fair_value": 11.72516, "relative_strength": -20.201141, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.148194, "energy": 36.803975, "activity_lines": [ 6.938, 7.194, 7.59619, 7.59086 ] }, { "date": "2024-08-30", "close": 6.72, "volume": 18896102, "typical_volume": 52124656.25, "trend": 7.465333, "fair_value": 11.662856, "relative_strength": -16.194477, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.282295, "energy": 41.012261, "activity_lines": [ 6.842667, 7.053818, 7.508048, 7.538323 ] }, { "date": "2024-09-06", "close": 6.35, "volume": 15841352, "typical_volume": 51611470.75, "trend": 7.451333, "fair_value": 11.599129, "relative_strength": -18.18511, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.732615, "energy": 52.384535, "activity_lines": [ 6.634667, 6.880364, 7.387286, 7.466366 ] }, { "date": "2024-09-13", "close": 6.48, "volume": 20663871, "typical_volume": 51873367.3, "trend": 7.476667, "fair_value": 11.531937, "relative_strength": -14.125387, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.727954, "energy": 69.130494, "activity_lines": [ 6.532667, 6.762, 7.280333, 7.403699 ] }, { "date": "2024-09-20", "close": 6.49, "volume": 11277194, "typical_volume": 51995377.0, "trend": 7.461333, "fair_value": 11.463481, "relative_strength": -14.493929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.174403, "energy": 69.583871, "activity_lines": [ 6.489333, 6.678, 7.175905, 7.340043 ] }, { "date": "2024-09-27", "close": 7.46, "volume": 31076782, "typical_volume": 49070345.5, "trend": 7.474333, "fair_value": 11.40314, "relative_strength": -12.364529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.080327, "energy": 36.104603, "activity_lines": [ 6.808, 6.794364, 7.167476, 7.339957 ] }, { "date": "2024-10-04", "close": 8.02, "volume": 15666111, "typical_volume": 46166974.75, "trend": 7.489667, "fair_value": 11.350055, "relative_strength": -12.290735, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.024207, "energy": 14.194161, "activity_lines": [ 7.248, 7.006545, 7.215524, 7.375161 ] }, { "date": "2024-10-11", "close": 7.5, "volume": 48673739, "typical_volume": 44381713.95, "trend": 7.489333, "fair_value": 11.300464, "relative_strength": -14.386395, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.139615, "energy": 22.468405, "activity_lines": [ 7.428, 7.103455, 7.211905, 7.375828 ] }, { "date": "2024-10-18", "close": 7.37, "volume": 33017369, "typical_volume": 42151025.6, "trend": 7.483, "fair_value": 11.247447, "relative_strength": -16.394197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 2.568726, "energy": 21.009976, "activity_lines": [ 7.488, 7.172909, 7.197667, 7.368129 ] }, { "date": "2024-10-25", "close": 8.0, "volume": 50230564, "typical_volume": 39073397.7, "trend": 7.499667, "fair_value": 11.191642, "relative_strength": -9.827947, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.759525, "energy": 31.746631, "activity_lines": [ 7.698667, 7.355818, 7.247952, 7.401484 ] }, { "date": "2024-11-01", "close": 7.51, "volume": 70681180, "typical_volume": 35688251.8, "trend": 7.493667, "fair_value": 11.13434, "relative_strength": -14.094464, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.529972, "energy": 18.581238, "activity_lines": [ 7.645333, 7.432727, 7.254619, 7.402151 ] }, { "date": "2024-11-08", "close": 8.1, "volume": 39081922, "typical_volume": 32816973.2, "trend": 7.521333, "fair_value": 11.077848, "relative_strength": -11.594351, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.449979, "energy": 29.4185, "activity_lines": [ 7.785333, 7.598182, 7.326952, 7.441269 ] }, { "date": "2024-11-15", "close": 7.64, "volume": 28151514, "typical_volume": 31423066.25, "trend": 7.554333, "fair_value": 11.013351, "relative_strength": -12.925846, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.092832, "energy": 20.552561, "activity_lines": [ 7.766667, 7.654909, 7.35781, 7.448925 ] }, { "date": "2024-11-22", "close": 7.52, "volume": 24592102, "typical_volume": 30189709.75, "trend": 7.578, "fair_value": 10.951434, "relative_strength": -11.953479, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 10.877003, "energy": 12.200176, "activity_lines": [ 7.698667, 7.666364, 7.379333, 7.44671 ] }, { "date": "2024-11-29", "close": 8.08, "volume": 24465453, "typical_volume": 29267115.9, "trend": 7.605667, "fair_value": 10.894688, "relative_strength": -6.372568, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.332188, "energy": 18.945908, "activity_lines": [ 7.807333, 7.760727, 7.457762, 7.479097 ] }, { "date": "2024-12-06", "close": 8.24, "volume": 28733364, "typical_volume": 28768893.1, "trend": 7.609667, "fair_value": 10.833278, "relative_strength": -6.003593, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.500971, "energy": 23.420437, "activity_lines": [ 7.964, 7.855273, 7.550143, 7.520022 ] }, { "date": "2024-12-13", "close": 9.04, "volume": 67381943, "typical_volume": 31185677.4, "trend": 7.658667, "fair_value": 10.777628, "relative_strength": 4.009841, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.210387, "energy": 48.405731, "activity_lines": [ 8.338667, 8.081091, 7.713429, 7.612301 ] }, { "date": "2024-12-20", "close": 8.12, "volume": 75255718, "typical_volume": 33639087.95, "trend": 7.667, "fair_value": 10.720633, "relative_strength": -5.212316, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.525247, "energy": 40.712412, "activity_lines": [ 8.344, 8.121091, 7.77881, 7.642065 ] }, { "date": "2024-12-27", "close": 7.61, "volume": 36985148, "typical_volume": 33862798.8, "trend": 7.643333, "fair_value": 10.664793, "relative_strength": -11.274954, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.043474, "energy": 25.720849, "activity_lines": [ 8.147333, 8.057091, 7.791667, 7.638387 ] }, { "date": "2025-01-03", "close": 7.12, "volume": 45666819, "typical_volume": 35162811.15, "trend": 7.592667, "fair_value": 10.606255, "relative_strength": -11.368442, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 20.120208, "energy": 11.044418, "activity_lines": [ 7.781333, 7.899636, 7.756429, 7.604624 ] }, { "date": "2025-01-10", "close": 6.7, "volume": 29902812, "typical_volume": 35812052.95, "trend": 7.499333, "fair_value": 10.542811, "relative_strength": -14.634736, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.129469, "energy": 21.038888, "activity_lines": [ 7.339333, 7.681818, 7.680952, 7.547032 ] }, { "date": "2025-01-17", "close": 7.04, "volume": 22866186, "typical_volume": 36010557.15, "trend": 7.447667, "fair_value": 10.482812, "relative_strength": -11.584978, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.985042, "energy": 26.439084, "activity_lines": [ 7.113333, 7.540545, 7.63681, 7.517398 ] }, { "date": "2025-01-24", "close": 6.99, "volume": 15509300, "typical_volume": 35993954.55, "trend": 7.411333, "fair_value": 10.423946, "relative_strength": -11.821197, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.988022, "energy": 34.048805, "activity_lines": [ 7.004, 7.409455, 7.586381, 7.487871 ] }, { "date": "2025-01-31", "close": 7.05, "volume": 3278230, "typical_volume": 35124672.5, "trend": 7.370667, "fair_value": 10.363822, "relative_strength": -10.406883, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.458105, "energy": 43.005825, "activity_lines": [ 6.99, 7.301091, 7.538619, 7.464559 ] }, { "date": "2025-02-07", "close": 7.36, "volume": 16241300, "typical_volume": 35372877.8, "trend": 7.355667, "fair_value": 10.301575, "relative_strength": -7.785193, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.444779, "energy": 25.899229, "activity_lines": [ 7.116667, 7.257636, 7.517667, 7.463871 ] }, { "date": "2025-02-14", "close": 7.43, "volume": 17337521, "typical_volume": 34685914.75, "trend": 7.365667, "fair_value": 10.238955, "relative_strength": -8.269526, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.582771, "energy": 7.90374, "activity_lines": [ 7.250667, 7.24, 7.499238, 7.468667 ] }, { "date": "2025-02-21", "close": 7.41, "volume": 16412923, "typical_volume": 34723255.35, "trend": 7.383333, "fair_value": 10.174627, "relative_strength": -9.306827, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.53763, "energy": 4.002596, "activity_lines": [ 7.329333, 7.233455, 7.479048, 7.471527 ] }, { "date": "2025-02-28", "close": 7.55, "volume": 38330922, "typical_volume": 34206114.5, "trend": 7.392, "fair_value": 10.127505, "relative_strength": -5.926917, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.170528, "energy": 7.050239, "activity_lines": [ 7.43, 7.282, 7.475095, 7.48228 ] }, { "date": "2025-03-07", "close": 7.61, "volume": 25419384, "typical_volume": 33826215.25, "trend": 7.402, "fair_value": 10.081591, "relative_strength": -6.463629, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.215846, "energy": 9.924013, "activity_lines": [ 7.513333, 7.351818, 7.476619, 7.496344 ] }, { "date": "2025-03-14", "close": 8.34, "volume": 37283197, "typical_volume": 33178846.9, "trend": 7.444333, "fair_value": 10.041114, "relative_strength": 1.115405, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.526347, "energy": 36.034584, "activity_lines": [ 7.802667, 7.554364, 7.546524, 7.55686 ] }, { "date": "2025-03-21", "close": 7.86, "volume": 81649306, "typical_volume": 33727253.2, "trend": 7.490333, "fair_value": 9.994399, "relative_strength": -3.042548, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.675049, "energy": 38.764874, "activity_lines": [ 7.866667, 7.647455, 7.569095, 7.583677 ] }, { "date": "2025-03-28", "close": 7.69, "volume": 44176160, "typical_volume": 33981965.1, "trend": 7.522667, "fair_value": 9.942107, "relative_strength": -4.6262, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.54016, "energy": 39.437941, "activity_lines": [ 7.845333, 7.688545, 7.57381, 7.596559 ] }, { "date": "2025-04-04", "close": 8.0, "volume": 38512019, "typical_volume": 34499990.35, "trend": 7.577667, "fair_value": 9.908174, "relative_strength": -0.416513, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.32257, "energy": 46.620533, "activity_lines": [ 7.908667, 7.774182, 7.61, 7.627355 ] }, { "date": "2025-04-11", "close": 7.65, "volume": 49941111, "typical_volume": 35767440.8, "trend": 7.616667, "fair_value": 9.877624, "relative_strength": -1.685767, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 20.139566, "energy": 14.621424, "activity_lines": [ 7.825333, 7.777818, 7.611143, 7.632022 ] }, { "date": "2025-04-18", "close": 7.89, "volume": 38671600, "typical_volume": 36477748.15, "trend": 7.663333, "fair_value": 9.848802, "relative_strength": 0.016288, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.23311, "energy": 10.392578, "activity_lines": [ 7.819333, 7.814182, 7.634524, 7.649656 ] }, { "date": "2025-04-25", "close": 7.81, "volume": 35098130, "typical_volume": 36795986.45, "trend": 7.675, "fair_value": 9.82206, "relative_strength": -1.678427, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.369242, "energy": 5.495689, "activity_lines": [ 7.816667, 7.826364, 7.65119, 7.659118 ] }, { "date": "2025-05-02", "close": 8.98, "volume": 27510265, "typical_volume": 34802402.55, "trend": 7.707, "fair_value": 9.805219, "relative_strength": 13.239023, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.354341, "energy": 42.776043, "activity_lines": [ 8.207333, 8.044364, 7.781333, 7.743312 ] }, { "date": "2025-05-09", "close": 8.6, "volume": 193025390, "typical_volume": 40690886.15, "trend": 7.743667, "fair_value": 9.788913, "relative_strength": 6.404509, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.3061, "energy": 49.900155, "activity_lines": [ 8.385333, 8.164727, 7.875571, 7.800925 ] }, { "date": "2025-05-16", "close": 8.62, "volume": 84024758, "typical_volume": 43042866.65, "trend": 7.785333, "fair_value": 9.773748, "relative_strength": 5.711288, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.451229, "energy": 54.939457, "activity_lines": [ 8.53, 8.269636, 7.969429, 7.857462 ] }, { "date": "2025-05-23", "close": 8.26, "volume": 61727992, "typical_volume": 43845925.3, "trend": 7.794, "fair_value": 9.759814, "relative_strength": 1.93951, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.212598, "energy": 51.6485, "activity_lines": [ 8.49, 8.290727, 8.02419, 7.888086 ] }, { "date": "2025-05-30", "close": 8.48, "volume": 45189678, "typical_volume": 44610268.6, "trend": 7.826333, "fair_value": 9.747291, "relative_strength": 4.817292, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.645398, "energy": 32.557743, "activity_lines": [ 8.498667, 8.353273, 8.094476, 7.932344 ] }, { "date": "2025-06-06", "close": 8.78, "volume": 73015500, "typical_volume": 47117734.3, "trend": 7.849, "fair_value": 9.731159, "relative_strength": 7.51509, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.620325, "energy": 32.919026, "activity_lines": [ 8.562667, 8.459091, 8.184857, 7.993871 ] }, { "date": "2025-06-13", "close": 8.65, "volume": 66612082, "typical_volume": 49672873.4, "trend": 7.882667, "fair_value": 9.713492, "relative_strength": 6.671158, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.805659, "energy": 29.853645, "activity_lines": [ 8.596667, 8.521455, 8.254571, 8.045548 ] }, { "date": "2025-06-20", "close": 7.98, "volume": 36885740, "typical_volume": 51353248.9, "trend": 7.898, "fair_value": 9.692296, "relative_strength": -0.700651, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.599447, "energy": 19.472424, "activity_lines": [ 8.404, 8.450182, 8.252571, 8.051828 ] }, { "date": "2025-06-27", "close": 8.44, "volume": 34658767, "typical_volume": 52274122.25, "trend": 7.91, "fair_value": 9.67341, "relative_strength": 3.26458, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.107197, "energy": 18.147286, "activity_lines": [ 8.407333, 8.456545, 8.289952, 8.086796 ] }, { "date": "2025-07-04", "close": 8.68, "volume": 48678910, "typical_volume": 53841191.7, "trend": 7.924667, "fair_value": 9.656191, "relative_strength": 4.986994, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.551674, "energy": 19.073961, "activity_lines": [ 8.478667, 8.496545, 8.345048, 8.136473 ] }, { "date": "2025-07-11", "close": 8.79, "volume": 35098061, "typical_volume": 54775448.6, "trend": 7.916333, "fair_value": 9.639357, "relative_strength": 5.276541, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.025705, "energy": 24.457489, "activity_lines": [ 8.573333, 8.540727, 8.404667, 8.192301 ] }, { "date": "2025-07-18", "close": 10.92, "volume": 32945923, "typical_volume": 54506198.65, "trend": 8.009667, "fair_value": 9.630053, "relative_strength": 29.158149, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.762253, "energy": 68.450435, "activity_lines": [ 9.377333, 8.975636, 8.660571, 8.386086 ] }, { "date": "2025-07-25", "close": 10.61, "volume": 227310575, "typical_volume": 64600758.2, "trend": 8.109667, "fair_value": 9.61959, "relative_strength": 22.859754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.304687, "energy": 73.567341, "activity_lines": [ 9.926667, 9.312, 8.870905, 8.553849 ] }, { "date": "2025-08-01", "close": 12.46, "volume": 138597322, "typical_volume": 69666464.45, "trend": 8.287667, "fair_value": 9.62054, "relative_strength": 44.502182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.48385, "energy": 88.84372, "activity_lines": [ 10.917333, 9.948545, 9.243143, 8.834516 ] }, { "date": "2025-08-08", "close": 11.07, "volume": 166136463, "typical_volume": 73890822.3, "trend": 8.433333, "fair_value": 9.611942, "relative_strength": 25.238441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.447267, "energy": 81.586224, "activity_lines": [ 11.176667, 10.256, 9.463381, 9.014022 ] }, { "date": "2025-08-15", "close": 10.26, "volume": 75091743, "typical_volume": 75436601.45, "trend": 8.540667, "fair_value": 9.599747, "relative_strength": 13.85095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.414983, "energy": 72.029286, "activity_lines": [ 11.006667, 10.369091, 9.59119, 9.131871 ] }, { "date": "2025-08-22", "close": 10.36, "volume": 53126872, "typical_volume": 76167344.1, "trend": 8.653, "fair_value": 9.592786, "relative_strength": 10.702341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.946782, "energy": 49.150202, "activity_lines": [ 10.772, 10.473455, 9.716286, 9.249247 ] }, { "date": "2025-08-29", "close": 9.87, "volume": 37515686, "typical_volume": 75546072.85, "trend": 8.747, "fair_value": 9.586002, "relative_strength": 4.427745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.597402, "energy": 28.857696, "activity_lines": [ 10.411333, 10.457636, 9.783476, 9.327763 ] }, { "date": "2025-09-05", "close": 10.04, "volume": 31316941, "typical_volume": 75178339.9, "trend": 8.836333, "fair_value": 9.579542, "relative_strength": 7.207671, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.600575, "energy": 20.423304, "activity_lines": [ 10.156667, 10.438364, 9.856286, 9.411183 ] }, { "date": "2025-09-12", "close": 10.09, "volume": 24662575, "typical_volume": 74656562.15, "trend": 8.925, "fair_value": 9.56817, "relative_strength": 5.950181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.574087, "energy": 19.621659, "activity_lines": [ 10.08, 10.399091, 9.923619, 9.492065 ] }, { "date": "2025-09-19", "close": 9.6, "volume": 25134417, "typical_volume": 74537769.75, "trend": 8.998, "fair_value": 9.551234, "relative_strength": 2.024797, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.197688, "energy": 19.672144, "activity_lines": [ 9.905333, 10.245091, 9.933429, 9.535613 ] }, { "date": "2025-09-26", "close": 9.39, "volume": 19478270, "typical_volume": 65860413.75, "trend": 9.059333, "fair_value": 9.533142, "relative_strength": -0.444538, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.766512, "energy": 16.191836, "activity_lines": [ 9.704667, 10.038182, 9.920286, 9.560903 ] }, { "date": "2025-10-03", "close": 9.36, "volume": 5799600, "typical_volume": 61949155.85, "trend": 9.117667, "fair_value": 9.51773, "relative_strength": -2.165201, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.309447, "energy": 11.799682, "activity_lines": [ 9.558667, 9.853636, 9.900524, 9.580301 ] }, { "date": "2025-10-10", "close": 9.64, "volume": 15700275, "typical_volume": 59647770.0, "trend": 9.161, "fair_value": 9.510173, "relative_strength": 0.281205, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.980375, "energy": 13.571925, "activity_lines": [ 9.54, 9.742727, 9.903905, 9.614 ] }, { "date": "2025-10-17", "close": 9.52, "volume": 24079200, "typical_volume": 58592246.1, "trend": 9.216333, "fair_value": 9.503761, "relative_strength": 0.338214, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.800774, "energy": 13.393291, "activity_lines": [ 9.508, 9.661273, 9.889286, 9.637161 ] }, { "date": "2025-10-24", "close": 9.84, "volume": 24949390, "typical_volume": 56188940.6, "trend": 9.288, "fair_value": 9.502591, "relative_strength": 0.756246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.847217, "energy": 9.760901, "activity_lines": [ 9.620667, 9.666182, 9.90019, 9.677398 ] }, { "date": "2025-10-31", "close": 9.91, "volume": 22079948, "typical_volume": 53962333.9, "trend": 9.351667, "fair_value": 9.49938, "relative_strength": 1.192338, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 22.703734, "energy": 12.522308, "activity_lines": [ 9.740667, 9.691455, 9.912714, 9.717527 ] }, { "date": "2025-11-07", "close": 9.96, "volume": 18579156, "typical_volume": 53047004.7, "trend": 9.428667, "fair_value": 9.49598, "relative_strength": 0.501504, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 30.012812, "energy": 22.08414, "activity_lines": [ 9.842667, 9.734, 9.924, 9.756774 ] }, { "date": "2025-11-14", "close": 10.34, "volume": 32370032, "typical_volume": 52932567.95, "trend": 9.510333, "fair_value": 9.496739, "relative_strength": 4.28005, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.025411, "energy": 37.887615, "activity_lines": [ 10.031333, 9.844, 9.962048, 9.81557 ] }, { "date": "2025-11-21", "close": 9.47, "volume": 26541720, "typical_volume": 51825708.45, "trend": 9.565667, "fair_value": 9.488794, "relative_strength": -0.747703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.276146, "energy": 15.549225, "activity_lines": [ 9.883333, 9.790364, 9.90819, 9.812968 ] }, { "date": "2025-11-28", "close": 9.99, "volume": 20813533, "typical_volume": 51111482.05, "trend": 9.599333, "fair_value": 9.482333, "relative_strength": 3.144593, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.631477, "energy": 20.355695, "activity_lines": [ 9.912, 9.842545, 9.900095, 9.840344 ] }, { "date": "2025-12-05", "close": 9.7, "volume": 17411458, "typical_volume": 50334758.8, "trend": 9.636, "fair_value": 9.462911, "relative_strength": -0.264165, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.252546, "energy": 6.79551, "activity_lines": [ 9.834, 9.834909, 9.858667, 9.846839 ] }, { "date": "2025-12-12", "close": 9.0, "volume": 25476848, "typical_volume": 40243072.45, "trend": 9.648667, "fair_value": 9.444489, "relative_strength": -6.888957, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.282804, "energy": 31.194846, "activity_lines": [ 9.536667, 9.694364, 9.756381, 9.805806 ] }, { "date": "2025-12-19", "close": 9.62, "volume": 26215344, "typical_volume": 34623973.55, "trend": 9.694, "fair_value": 9.428318, "relative_strength": -0.550427, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.895395, "energy": 31.946081, "activity_lines": [ 9.51, 9.673091, 9.72081, 9.803957 ] }, { "date": "2025-12-26", "close": 9.37, "volume": 15905350, "typical_volume": 27112417.9, "trend": 9.723667, "fair_value": 9.399316, "relative_strength": -5.016941, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.761355, "energy": 43.542813, "activity_lines": [ 9.448, 9.606727, 9.674952, 9.783054 ] }, { "date": "2026-01-02", "close": 9.14, "volume": 12173804, "typical_volume": 23966520.95, "trend": 9.735667, "fair_value": 9.37605, "relative_strength": -7.530267, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.352642, "energy": 51.985351, "activity_lines": [ 9.316, 9.501273, 9.615286, 9.745398 ] }, { "date": "2026-01-09", "close": 9.45, "volume": 25029086, "typical_volume": 22561631.65, "trend": 9.762333, "fair_value": 9.365425, "relative_strength": -8.038259, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.341099, "energy": 43.064943, "activity_lines": [ 9.344, 9.464909, 9.590476, 9.726968 ] }, { "date": "2026-01-16", "close": 9.62, "volume": 25417598, "typical_volume": 21956727.25, "trend": 9.817, "fair_value": 9.35506, "relative_strength": -6.08715, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.462329, "energy": 28.641295, "activity_lines": [ 9.445333, 9.467818, 9.58619, 9.717785 ] }, { "date": "2026-01-23", "close": 11.55, "volume": 173346866, "typical_volume": 29058223.5, "trend": 9.920667, "fair_value": 9.357067, "relative_strength": 11.268985, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.396849, "energy": 29.679459, "activity_lines": [ 10.148667, 9.827818, 9.766905, 9.829591 ] }, { "date": "2026-01-30", "close": 10.34, "volume": 139363732, "typical_volume": 34793281.35, "trend": 9.976, "fair_value": 9.343726, "relative_strength": -0.208748, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.080656, "energy": 27.267918, "activity_lines": [ 10.32, 9.945818, 9.82519, 9.856645 ] }, { "date": "2026-02-06", "close": 9.83, "volume": 58714230, "typical_volume": 36472272.0, "trend": 10.010667, "fair_value": 9.327753, "relative_strength": -4.048182, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 12.820747, "energy": 24.152595, "activity_lines": [ 10.256667, 9.955273, 9.833714, 9.847226 ] }, { "date": "2026-02-13", "close": 9.82, "volume": 30261923, "typical_volume": 37011454.65, "trend": 9.974, "fair_value": 9.307314, "relative_strength": -4.668008, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.935573, "energy": 24.121753, "activity_lines": [ 10.144, 9.965818, 9.84019, 9.834925 ] }, { "date": "2026-02-27", "close": 10.5, "volume": 28965290, "typical_volume": 38169739.15, "trend": 9.970333, "fair_value": 9.29066, "relative_strength": -0.295586, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.206784, "energy": 18.970189, "activity_lines": [ 10.233333, 10.097818, 9.909381, 9.86886 ] }, { "date": "2026-03-06", "close": 9.89, "volume": 40218120, "typical_volume": 39395631.4, "trend": 9.884667, "fair_value": 9.268755, "relative_strength": -5.29667, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.412077, "energy": 4.600194, "activity_lines": [ 10.060667, 10.091636, 9.915048, 9.863677 ] }, { "date": "2026-03-13", "close": 9.47, "volume": 27456418, "typical_volume": 39564492.3, "trend": 9.831333, "fair_value": 9.245116, "relative_strength": -8.720687, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.121271, "energy": 10.161097, "activity_lines": [ 9.858667, 10.004182, 9.879524, 9.836925 ] }, { "date": "2026-03-20", "close": 8.73, "volume": 19451093, "typical_volume": 39289577.45, "trend": 9.780333, "fair_value": 9.216796, "relative_strength": -12.756292, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.070352, "energy": 23.754858, "activity_lines": [ 9.468, 9.780364, 9.773762, 9.765871 ] }, { "date": "2026-03-27", "close": 8.78, "volume": 25288723, "typical_volume": 39450016.2, "trend": 9.727667, "fair_value": 9.194922, "relative_strength": -11.22273, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.696625, "energy": 53.030225, "activity_lines": [ 9.167333, 9.573091, 9.678048, 9.701333 ] }, { "date": "2026-04-03", "close": 8.8, "volume": 27210366, "typical_volume": 39881576.7, "trend": 9.692, "fair_value": 9.17592, "relative_strength": -10.231155, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.409225, "energy": 63.701542, "activity_lines": [ 8.942667, 9.381636, 9.589619, 9.641484 ] }, { "date": "2026-04-10", "close": 8.88, "volume": 18979425, "typical_volume": 39212046.35, "trend": 9.653333, "fair_value": 9.157047, "relative_strength": -11.715164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.131677, "energy": 64.079971, "activity_lines": [ 8.858, 9.219636, 9.514333, 9.589097 ] }, { "date": "2026-04-17", "close": 8.7, "volume": 18332841, "typical_volume": 38801602.4, "trend": 9.607, "fair_value": 9.137021, "relative_strength": -14.757013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.307261, "energy": 61.349272, "activity_lines": [ 8.780667, 9.073455, 9.428857, 9.527591 ] }, { "date": "2026-04-24", "close": 8.59, "volume": 14410864, "typical_volume": 38481468.95, "trend": 9.573333, "fair_value": 9.115971, "relative_strength": -16.2288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.174815, "energy": 53.493635, "activity_lines": [ 8.718, 8.937091, 9.336571, 9.461978 ] }, { "date": "2026-05-01", "close": 8.78, "volume": 18127229, "typical_volume": 38517257.5, "trend": 9.553, "fair_value": 9.091226, "relative_strength": -14.894511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.292947, "energy": 47.346074, "activity_lines": [ 8.728, 8.857818, 9.269048, 9.410796 ] }, { "date": "2026-05-08", "close": 8.69, "volume": 16960315, "typical_volume": 38091430.85, "trend": 9.530667, "fair_value": 9.065904, "relative_strength": -16.711918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.426186, "energy": 49.587953, "activity_lines": [ 8.708, 8.781091, 9.197333, 9.355118 ] }, { "date": "2026-05-15", "close": 8.27, "volume": 22212705, "typical_volume": 37891298.9, "trend": 9.485, "fair_value": 9.03757, "relative_strength": -19.527638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.291678, "energy": 61.84065, "activity_lines": [ 8.555333, 8.660909, 9.087095, 9.273785 ] }, { "date": "2026-05-22", "close": 8.06, "volume": 18911818, "typical_volume": 38041622.3, "trend": 9.436333, "fair_value": 9.008082, "relative_strength": -20.774291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.218711, "energy": 67.941337, "activity_lines": [ 8.373333, 8.532, 8.963286, 9.181849 ] }, { "date": "2026-05-29", "close": 7.48, "volume": 22654997, "typical_volume": 38565681.95, "trend": 9.357667, "fair_value": 8.976663, "relative_strength": -25.3094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.964315, "energy": 81.753324, "activity_lines": [ 8.040667, 8.323273, 8.790476, 9.055634 ] }, { "date": "2026-06-05", "close": 7.28, "volume": 4686060, "typical_volume": 37548530.65, "trend": 9.27, "fair_value": 8.940835, "relative_strength": -26.150764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.804815, "energy": 90.720838, "activity_lines": [ 7.715333, 8.100909, 8.606524, 8.921591 ] }, { "date": "2026-06-12", "close": 7.13, "volume": 3401914, "typical_volume": 36447746.45, "trend": 9.175667, "fair_value": 8.904364, "relative_strength": -27.268705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.876352, "energy": 91.883648, "activity_lines": [ 7.44, 7.878545, 8.418619, 8.783527 ] }, { "date": "2026-06-19", "close": 6.72, "volume": 15320169, "typical_volume": 28546411.6, "trend": 9.055, "fair_value": 8.868839, "relative_strength": -31.944794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.970279, "energy": 94.062192, "activity_lines": [ 7.132, 7.612, 8.203524, 8.625097 ] }, { "date": "2026-06-26", "close": 6.33, "volume": 4245200, "typical_volume": 21790485.0, "trend": 8.950333, "fair_value": 8.826538, "relative_strength": -34.468804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.652594, "energy": 95.385384, "activity_lines": [ 6.797333, 7.313818, 7.974286, 8.44929 ] }, { "date": "2026-07-03", "close": 6.76, "volume": 5622630, "typical_volume": 19135905.0, "trend": 8.842667, "fair_value": 8.788908, "relative_strength": -29.854688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.189963, "energy": 87.509404, "activity_lines": [ 6.721333, 7.136909, 7.805095, 8.307978 ] }, { "date": "2026-07-10", "close": 6.54, "volume": 24945208, "typical_volume": 18870069.25, "trend": 8.737333, "fair_value": 8.750697, "relative_strength": -30.84956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.795489, "energy": 85.421742, "activity_lines": [ 6.62, 6.953273, 7.629571, 8.159419 ] }, { "date": "2026-07-17", "close": 6.66, "volume": 28660902, "typical_volume": 18854849.85, "trend": 8.659333, "fair_value": 8.712618, "relative_strength": -24.791326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.932667, "energy": 65.572705, "activity_lines": [ 6.608, 6.832182, 7.481095, 8.025398 ] }, { "date": "2026-07-24", "close": 5.96, "volume": 36964185, "typical_volume": 18692153.1, "trend": 8.537333, "fair_value": 8.667244, "relative_strength": -32.739624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.19749, "energy": 69.467391, "activity_lines": [ 6.394, 6.620727, 7.284238, 7.851247 ] }, { "date": "2026-07-31", "close": 6.51, "volume": 26584644, "typical_volume": 18648564.4, "trend": 8.442, "fair_value": 8.627628, "relative_strength": -26.11222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.983986, "energy": 60.740801, "activity_lines": [ 6.414, 6.551273, 7.158476, 7.720452 ] }, { "date": "2026-08-07", "close": 6.93, "volume": 21014881, "typical_volume": 18726753.8, "trend": 8.368333, "fair_value": 8.591474, "relative_strength": -22.366099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.102732, "energy": 51.306016, "activity_lines": [ 6.562, 6.586364, 7.08681, 7.622903 ] } ], "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." } } }