{ "ticker": { "uuid": "9a1abe54-e516-4cfd-9d32-ea009ae9cd70", "symbol": "8024", "name": "Alpha Microelectronics Corporation", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 25.832, "architecture_energy": 19.648, "architecture_maturity": 52.693, "architecture_confidence": 73.565, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 47.01, "rotation_up": 21.94, "upward_expansion": 54.32, "deceleration": 91.15, "rotation_down": 34.1, "downward_expansion": 20.32 }, "activity_lines": [ 14.303333, 14.884545, 14.241905, 13.870538 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 13.6, "trend_reference": 13.495, "distance_from_trend": 0.007781, "trend_direction": "Improving", "fair_value": 16.905769, "distance_from_fair_value": -0.195541, "fair_value_direction": "Improving", "relative_strength": -27.449087, "relative_strength_direction": "Improving", "price_momentum": 0.011152, "excess_performance": -0.43022, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007781, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.063017, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.195541, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.11122, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.274491, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.113761, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.011152, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.038248, "read": "Demand-led" } ], "volume": { "latest": 353000, "relative_activity": 0.521669, "balance": 1.038248, "dry_up": 0.593459, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.136029, "annualized_volatility": 0.571825, "from_high_reference": -0.254795, "from_low_reference": 0.182609 }, "levels": { "trend_reference": 13.495, "fair_value_reference": 16.905769, "structural_low": 11.5, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": -0.015607, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.015307, "regime_survival": 0.333333, "best_return": 0.092873, "worst_return": -0.099119, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.001683, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.029959, "regime_survival": 0.5, "best_return": 0.0489, "worst_return": -0.045534, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.001139, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.062789, "regime_survival": 0.0, "best_return": 0.001139, "worst_return": 0.001139, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.103876, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.418162, "regime_survival": 0.0, "best_return": -0.103876, "worst_return": -0.103876, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-15", "end": "2023-12-29", "tenure": "New", "return": -0.017937, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-05", "end": "2024-04-12", "tenure": "Established", "return": -0.06713, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-19", "end": "2024-06-21", "tenure": "Developing", "return": 0.091146, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-28", "end": "2024-07-26", "tenure": "Developing", "return": -0.077103, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-08-09", "tenure": "New", "return": -0.073604, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-11-08", "tenure": "Established", "return": 0.07357, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-15", "end": "2024-11-22", "tenure": "New", "return": -0.046392, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2024-12-06", "tenure": "New", "return": -0.016529, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-08-22", "tenure": "Extended", "return": -0.196629, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-10-03", "tenure": "Developing", "return": -0.066202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2026-01-30", "tenure": "Established", "return": -0.018868, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-06-19", "tenure": "Established", "return": -0.089219, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.174785, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-14", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 20.9, "volume": 352000, "typical_volume": 1128750.0, "trend": 21.663426, "fair_value": 19.78536, "relative_strength": -8.654123, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.767199, "energy": 22.215551, "activity_lines": [ 21.836667, 22.493418, 22.53752, 22.283512 ] }, { "date": "2023-08-18", "close": 20.450001, "volume": 399000, "typical_volume": 1029100.0, "trend": 21.712659, "fair_value": 19.862823, "relative_strength": -9.353677, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.173558, "energy": 43.470142, "activity_lines": [ 21.27, 22.057584, 22.336149, 22.205226 ] }, { "date": "2023-08-25", "close": 20.450001, "volume": 179000, "typical_volume": 1014900.0, "trend": 21.769605, "fair_value": 19.939792, "relative_strength": -9.758138, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.626187, "energy": 53.761306, "activity_lines": [ 20.876667, 21.657158, 22.146916, 22.123765 ] }, { "date": "2023-09-01", "close": 20.65, "volume": 316000, "typical_volume": 954700.0, "trend": 21.79157, "fair_value": 20.018538, "relative_strength": -9.626742, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.451023, "energy": 60.351117, "activity_lines": [ 20.67, 21.347012, 21.987106, 22.051532 ] }, { "date": "2023-09-08", "close": 20.450001, "volume": 261000, "typical_volume": 797850.0, "trend": 21.830006, "fair_value": 20.099525, "relative_strength": -9.85584, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.499151, "energy": 58.341292, "activity_lines": [ 20.533334, 21.071819, 21.820535, 21.964979 ] }, { "date": "2023-09-15", "close": 20.799999, "volume": 267000, "typical_volume": 767750.0, "trend": 21.881651, "fair_value": 20.181435, "relative_strength": -9.970709, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.075867, "energy": 45.155029, "activity_lines": [ 20.606667, 20.920909, 21.698555, 21.898527 ] }, { "date": "2023-09-22", "close": 21.200001, "volume": 380000, "typical_volume": 765200.0, "trend": 21.942002, "fair_value": 20.265414, "relative_strength": -4.653866, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.355427, "energy": 37.024409, "activity_lines": [ 20.82, 20.892728, 21.622717, 21.85455 ] }, { "date": "2023-09-29", "close": 20.200001, "volume": 100000, "typical_volume": 738100.0, "trend": 21.950509, "fair_value": 20.342872, "relative_strength": -8.749728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.490992, "energy": 40.322738, "activity_lines": [ 20.650001, 20.716364, 21.456902, 21.742162 ] }, { "date": "2023-10-06", "close": 20.35, "volume": 212000, "typical_volume": 734600.0, "trend": 21.965559, "fair_value": 20.420796, "relative_strength": -8.671023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.479431, "energy": 39.746008, "activity_lines": [ 20.546667, 20.604546, 21.310327, 21.638904 ] }, { "date": "2023-10-13", "close": 20.15, "volume": 232000, "typical_volume": 728350.0, "trend": 21.963144, "fair_value": 20.499199, "relative_strength": -10.551864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.784604, "energy": 44.904953, "activity_lines": [ 20.396667, 20.499091, 21.149827, 21.521771 ] }, { "date": "2023-10-20", "close": 22.75, "volume": 5218000, "typical_volume": 961450.0, "trend": 21.95793, "fair_value": 20.594215, "relative_strength": 3.08676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.268823, "energy": 13.04366, "activity_lines": [ 21.133334, 20.897273, 21.2428, 21.572536 ] }, { "date": "2023-10-27", "close": 22.6, "volume": 9895000, "typical_volume": 1431200.0, "trend": 21.944631, "fair_value": 20.687828, "relative_strength": 4.285113, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.218893, "energy": 13.818129, "activity_lines": [ 21.69, 21.234546, 21.319368, 21.61396 ] }, { "date": "2023-11-03", "close": 21.75, "volume": 1838000, "typical_volume": 1447900.0, "trend": 21.915338, "fair_value": 20.774672, "relative_strength": -1.844678, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.779612, "energy": 18.861414, "activity_lines": [ 21.87, 21.378182, 21.314018, 21.601403 ] }, { "date": "2023-11-10", "close": 20.799999, "volume": 1731000, "typical_volume": 1427450.0, "trend": 21.834326, "fair_value": 20.854434, "relative_strength": -6.789287, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.104661, "energy": 20.685191, "activity_lines": [ 21.63, 21.325454, 21.226122, 21.529446 ] }, { "date": "2023-11-17", "close": 21.450001, "volume": 581000, "typical_volume": 1402200.0, "trend": 21.788864, "fair_value": 20.940511, "relative_strength": -6.586674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.195643, "energy": 11.882978, "activity_lines": [ 21.576667, 21.388182, 21.218095, 21.50465 ] }, { "date": "2023-11-24", "close": 22.0, "volume": 1765000, "typical_volume": 1314350.0, "trend": 21.772533, "fair_value": 21.029562, "relative_strength": -4.366457, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.670932, "energy": 4.879372, "activity_lines": [ 21.62, 21.532727, 21.273572, 21.518272 ] }, { "date": "2023-12-01", "close": 22.1, "volume": 743000, "typical_volume": 1309350.0, "trend": 21.765705, "fair_value": 21.120466, "relative_strength": -4.546095, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.966676, "energy": 5.232364, "activity_lines": [ 21.746667, 21.673636, 21.345953, 21.539399 ] }, { "date": "2023-12-08", "close": 22.6, "volume": 856000, "typical_volume": 1315300.0, "trend": 21.811021, "fair_value": 21.214905, "relative_strength": -1.824478, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.402236, "energy": 21.623446, "activity_lines": [ 22.073333, 21.889091, 21.470476, 21.593225 ] }, { "date": "2023-12-15", "close": 22.299999, "volume": 944000, "typical_volume": 1335900.0, "trend": 21.840168, "fair_value": 21.305494, "relative_strength": -4.51127, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.861696, "energy": 25.123001, "activity_lines": [ 22.243333, 22.006363, 21.564762, 21.624771 ] }, { "date": "2023-12-22", "close": 21.85, "volume": 466000, "typical_volume": 1336750.0, "trend": 21.855857, "fair_value": 21.391217, "relative_strength": -5.808497, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.026374, "energy": 20.387518, "activity_lines": [ 22.163333, 22.006363, 21.618095, 21.625406 ] }, { "date": "2023-12-29", "close": 21.9, "volume": 529000, "typical_volume": 1345600.0, "trend": 21.842362, "fair_value": 21.474617, "relative_strength": -7.104942, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.187879, "energy": 16.100957, "activity_lines": [ 22.073333, 21.984545, 21.67619, 21.628254 ] }, { "date": "2024-01-05", "close": 21.6, "volume": 367000, "typical_volume": 1344000.0, "trend": 21.815782, "fair_value": 21.550038, "relative_strength": -6.011553, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.581957, "energy": 4.214332, "activity_lines": [ 21.89, 21.923636, 21.700952, 21.612618 ] }, { "date": "2024-01-12", "close": 20.799999, "volume": 409000, "typical_volume": 1355500.0, "trend": 21.7286, "fair_value": 21.620056, "relative_strength": -9.211049, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.299509, "energy": 10.739753, "activity_lines": [ 21.473333, 21.735454, 21.644047, 21.547083 ] }, { "date": "2024-01-19", "close": 20.4, "volume": 276015, "typical_volume": 1353500.75, "trend": 21.589522, "fair_value": 21.682003, "relative_strength": -11.642675, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.825016, "energy": 29.427778, "activity_lines": [ 21.043333, 21.491818, 21.547381, 21.461367 ] }, { "date": "2024-01-26", "close": 21.75, "volume": 1175000, "typical_volume": 1399200.75, "trend": 21.521667, "fair_value": 21.740217, "relative_strength": -7.373454, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.149594, "energy": 16.357519, "activity_lines": [ 21.19, 21.500909, 21.580476, 21.47172 ] }, { "date": "2024-02-02", "close": 21.75, "volume": 3376000, "typical_volume": 1554650.75, "trend": 21.461667, "fair_value": 21.797604, "relative_strength": -7.601552, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.420807, "energy": 8.965212, "activity_lines": [ 21.343333, 21.504545, 21.607381, 21.486452 ] }, { "date": "2024-02-09", "close": 21.25, "volume": 319000, "typical_volume": 1551600.75, "trend": 21.401667, "fair_value": 21.831966, "relative_strength": -9.82112, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.866183, "energy": 8.280853, "activity_lines": [ 21.34, 21.421818, 21.582143, 21.472796 ] }, { "date": "2024-02-16", "close": 21.700001, "volume": 298000, "typical_volume": 1561500.75, "trend": 21.383333, "fair_value": 21.84306, "relative_strength": -10.338829, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.216236, "energy": 14.159848, "activity_lines": [ 21.51, 21.436364, 21.599524, 21.492043 ] }, { "date": "2024-02-23", "close": 22.5, "volume": 1730000, "typical_volume": 1637400.75, "trend": 21.376667, "fair_value": 21.872772, "relative_strength": -8.340375, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.013181, "energy": 23.669402, "activity_lines": [ 21.886667, 21.612727, 21.685952, 21.564086 ] }, { "date": "2024-03-01", "close": 22.799999, "volume": 1388000, "typical_volume": 1695200.75, "trend": 21.408333, "fair_value": 21.866968, "relative_strength": -7.24627, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.94302, "energy": 43.382216, "activity_lines": [ 22.223333, 21.84, 21.790714, 21.655914 ] }, { "date": "2024-03-08", "close": 21.5, "volume": 877000, "typical_volume": 1478150.75, "trend": 21.428333, "fair_value": 21.83411, "relative_strength": -16.047313, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.482562, "energy": 29.57539, "activity_lines": [ 22.056667, 21.813636, 21.759048, 21.661828 ] }, { "date": "2024-03-15", "close": 20.799999, "volume": 392000, "typical_volume": 1003000.75, "trend": 21.44, "fair_value": 21.801171, "relative_strength": -18.049713, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.50924, "energy": 12.125628, "activity_lines": [ 21.673333, 21.667272, 21.666666, 21.62129 ] }, { "date": "2024-03-22", "close": 21.0, "volume": 319000, "typical_volume": 927050.75, "trend": 21.458333, "fair_value": 21.768412, "relative_strength": -19.010138, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.8105, "energy": 8.075272, "activity_lines": [ 21.386666, 21.571818, 21.601905, 21.592903 ] }, { "date": "2024-03-29", "close": 20.549999, "volume": 228000, "typical_volume": 851900.75, "trend": 21.455, "fair_value": 21.710195, "relative_strength": -20.482371, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.896095, "energy": 24.525986, "activity_lines": [ 20.996666, 21.390909, 21.497857, 21.534301 ] }, { "date": "2024-04-05", "close": 20.299999, "volume": 156000, "typical_volume": 830650.75, "trend": 21.45, "fair_value": 21.631105, "relative_strength": -21.103173, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.620185, "energy": 42.715491, "activity_lines": [ 20.653333, 21.161818, 21.37119, 21.459785 ] }, { "date": "2024-04-12", "close": 20.15, "volume": 465000, "typical_volume": 765650.75, "trend": 21.428333, "fair_value": 21.539492, "relative_strength": -22.620542, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.586566, "energy": 60.71, "activity_lines": [ 20.426666, 20.931818, 21.235714, 21.375914 ] }, { "date": "2024-04-19", "close": 19.200001, "volume": 534000, "typical_volume": 755200.75, "trend": 21.361667, "fair_value": 21.449497, "relative_strength": -21.123542, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.630047, "energy": 69.504143, "activity_lines": [ 19.973333, 20.558182, 21.018571, 21.23215 ] }, { "date": "2024-04-26", "close": 19.0, "volume": 242000, "typical_volume": 724500.75, "trend": 21.321667, "fair_value": 21.407221, "relative_strength": -23.659149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.731228, "energy": 76.07965, "activity_lines": [ 19.56, 20.185454, 20.79619, 21.079785 ] }, { "date": "2024-05-03", "close": 18.950001, "volume": 243000, "typical_volume": 689450.75, "trend": 21.275, "fair_value": 21.376187, "relative_strength": -24.061053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.585187, "energy": 81.831772, "activity_lines": [ 19.263334, 19.852727, 20.58619, 20.926774 ] }, { "date": "2024-05-10", "close": 19.15, "volume": 355000, "typical_volume": 683900.75, "trend": 21.241667, "fair_value": 21.352215, "relative_strength": -24.132819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.639836, "energy": 77.933943, "activity_lines": [ 19.14, 19.620909, 20.41119, 20.789677 ] }, { "date": "2024-05-17", "close": 19.200001, "volume": 340000, "typical_volume": 674450.75, "trend": 21.123333, "fair_value": 21.329941, "relative_strength": -25.405361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.497171, "energy": 73.590826, "activity_lines": [ 19.110001, 19.464546, 20.25381, 20.657957 ] }, { "date": "2024-05-24", "close": 20.6, "volume": 553000, "typical_volume": 683750.75, "trend": 21.056667, "fair_value": 21.33481, "relative_strength": -20.676561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.938051, "energy": 37.904194, "activity_lines": [ 19.61, 19.604546, 20.242619, 20.624194 ] }, { "date": "2024-05-31", "close": 20.75, "volume": 730000, "typical_volume": 699800.75, "trend": 21.023333, "fair_value": 21.337612, "relative_strength": -18.158974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.906721, "energy": 20.404665, "activity_lines": [ 20.066667, 19.775455, 20.250476, 20.604409 ] }, { "date": "2024-06-07", "close": 20.700001, "volume": 384000, "typical_volume": 705200.0, "trend": 21.02, "fair_value": 21.33679, "relative_strength": -20.426799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.232279, "energy": 26.644637, "activity_lines": [ 20.39, 19.941819, 20.25381, 20.583548 ] }, { "date": "2024-06-14", "close": 20.6, "volume": 263000, "typical_volume": 659600.0, "trend": 20.991667, "fair_value": 21.336429, "relative_strength": -22.536022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.414238, "energy": 28.567349, "activity_lines": [ 20.563334, 20.087273, 20.246191, 20.556452 ] }, { "date": "2024-06-21", "close": 20.950001, "volume": 1314000, "typical_volume": 556500.0, "trend": 20.956667, "fair_value": 21.334732, "relative_strength": -23.096126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.192611, "energy": 21.866553, "activity_lines": [ 20.756667, 20.29091, 20.277381, 20.553764 ] }, { "date": "2024-06-28", "close": 21.4, "volume": 1361000, "typical_volume": 608600.0, "trend": 20.933333, "fair_value": 21.338673, "relative_strength": -20.064099, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.186786, "energy": 33.042478, "activity_lines": [ 20.983334, 20.561819, 20.355238, 20.582366 ] }, { "date": "2024-07-05", "close": 21.15, "volume": 389000, "typical_volume": 613150.0, "trend": 20.885, "fair_value": 21.345416, "relative_strength": -22.092119, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.862514, "energy": 29.64113, "activity_lines": [ 21.073334, 20.747273, 20.408572, 20.596344 ] }, { "date": "2024-07-12", "close": 21.5, "volume": 635000, "typical_volume": 558400.0, "trend": 20.858333, "fair_value": 21.354127, "relative_strength": -21.426132, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.926437, "energy": 40.629252, "activity_lines": [ 21.253333, 20.957273, 20.497857, 20.636022 ] }, { "date": "2024-07-19", "close": 20.049999, "volume": 388000, "typical_volume": 508400.0, "trend": 20.798333, "fair_value": 21.333997, "relative_strength": -22.810919, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 5.122835, "energy": 13.411057, "activity_lines": [ 20.896666, 20.857273, 20.45381, 20.583871 ] }, { "date": "2024-07-26", "close": 19.75, "volume": 185000, "typical_volume": 473800.0, "trend": 20.726667, "fair_value": 21.278085, "relative_strength": -20.824854, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -38.790519, "energy": 19.692072, "activity_lines": [ 20.476666, 20.686364, 20.394286, 20.516237 ] }, { "date": "2024-08-02", "close": 19.700001, "volume": 155000, "typical_volume": 461950.0, "trend": 20.663333, "fair_value": 21.232038, "relative_strength": -18.733283, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.575946, "energy": 29.000875, "activity_lines": [ 20.12, 20.496364, 20.338334, 20.45 ] }, { "date": "2024-08-09", "close": 18.25, "volume": 407000, "typical_volume": 466350.0, "trend": 20.578333, "fair_value": 21.183027, "relative_strength": -23.585572, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -74.401251, "energy": 50.978581, "activity_lines": [ 19.393333, 20.059091, 20.149524, 20.294301 ] }, { "date": "2024-08-16", "close": 18.35, "volume": 124000, "typical_volume": 461150.0, "trend": 20.51, "fair_value": 21.134933, "relative_strength": -25.644009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.895407, "energy": 70.432359, "activity_lines": [ 18.893333, 19.685455, 19.983334, 20.150538 ] }, { "date": "2024-08-23", "close": 18.799999, "volume": 136000, "typical_volume": 460150.0, "trend": 20.411667, "fair_value": 21.113948, "relative_strength": -22.634335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.583047, "energy": 70.263662, "activity_lines": [ 18.753333, 19.436364, 19.870476, 20.040215 ] }, { "date": "2024-08-30", "close": 18.700001, "volume": 85000, "typical_volume": 441150.0, "trend": 20.31, "fair_value": 21.093974, "relative_strength": -22.884063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.393057, "energy": 68.773369, "activity_lines": [ 18.663333, 19.201818, 19.755238, 19.929785 ] }, { "date": "2024-09-06", "close": 18.15, "volume": 106000, "typical_volume": 419750.0, "trend": 20.206667, "fair_value": 21.053682, "relative_strength": -21.70882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.610451, "energy": 61.79393, "activity_lines": [ 18.46, 18.908182, 19.594524, 19.79043 ] }, { "date": "2024-09-13", "close": 17.299999, "volume": 209000, "typical_volume": 418100.0, "trend": 20.06, "fair_value": 20.993627, "relative_strength": -25.916123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.489767, "energy": 58.953223, "activity_lines": [ 18.076666, 18.519091, 19.357857, 19.602903 ] }, { "date": "2024-09-20", "close": 17.85, "volume": 178000, "typical_volume": 414850.0, "trend": 19.905, "fair_value": 20.959395, "relative_strength": -24.272833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.458343, "energy": 57.287019, "activity_lines": [ 17.94, 18.3, 19.181667, 19.460323 ] }, { "date": "2024-09-27", "close": 18.35, "volume": 336000, "typical_volume": 413900.0, "trend": 19.756667, "fair_value": 20.931121, "relative_strength": -23.82055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.085533, "energy": 47.655761, "activity_lines": [ 18.003333, 18.238182, 19.058333, 19.36 ] }, { "date": "2024-10-04", "close": 18.0, "volume": 49000, "typical_volume": 399350.0, "trend": 19.64, "fair_value": 20.901705, "relative_strength": -22.934625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.02419, "energy": 43.853934, "activity_lines": [ 17.98, 18.143636, 18.905476, 19.246667 ] }, { "date": "2024-10-11", "close": 18.450001, "volume": 170000, "typical_volume": 380200.0, "trend": 19.561667, "fair_value": 20.887286, "relative_strength": -22.511712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.987316, "energy": 34.572498, "activity_lines": [ 18.153334, 18.162727, 18.801191, 19.169893 ] }, { "date": "2024-10-18", "close": 19.200001, "volume": 1193000, "typical_volume": 403350.0, "trend": 19.501667, "fair_value": 20.873271, "relative_strength": -20.540079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.645478, "energy": 18.636108, "activity_lines": [ 18.556667, 18.340909, 18.778572, 19.146559 ] }, { "date": "2024-10-25", "close": 19.65, "volume": 1682000, "typical_volume": 468250.0, "trend": 19.471667, "fair_value": 20.864617, "relative_strength": -17.330208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.017626, "energy": 14.876106, "activity_lines": [ 18.983334, 18.583637, 18.806191, 19.156129 ] }, { "date": "2024-11-01", "close": 20.0, "volume": 275000, "typical_volume": 468850.0, "trend": 19.461667, "fair_value": 20.848021, "relative_strength": -13.036164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.33931, "energy": 16.905357, "activity_lines": [ 19.406667, 18.866364, 18.872143, 19.190215 ] }, { "date": "2024-11-08", "close": 19.700001, "volume": 275000, "typical_volume": 416900.0, "trend": 19.446667, "fair_value": 20.824547, "relative_strength": -16.501983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 19.058834, "energy": 27.658317, "activity_lines": [ 19.620001, 19.072728, 18.912381, 19.205592 ] }, { "date": "2024-11-15", "close": 19.4, "volume": 188000, "typical_volume": 358250.0, "trend": 19.453334, "fair_value": 20.803004, "relative_strength": -14.192802, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.760163, "energy": 24.08038, "activity_lines": [ 19.62, 19.206364, 18.93, 19.202581 ] }, { "date": "2024-11-22", "close": 18.5, "volume": 89453, "typical_volume": 343272.65, "trend": 19.436667, "fair_value": 20.772389, "relative_strength": -18.013369, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -15.804845, "energy": 14.274028, "activity_lines": [ 19.256667, 19.153637, 18.871429, 19.141075 ] }, { "date": "2024-11-29", "close": 18.15, "volume": 98000, "typical_volume": 316422.65, "trend": 19.41, "fair_value": 20.737052, "relative_strength": -16.508802, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.147098, "energy": 20.157721, "activity_lines": [ 18.823333, 19.015455, 18.792143, 19.058065 ] }, { "date": "2024-12-06", "close": 17.85, "volume": 143000, "typical_volume": 304172.65, "trend": 19.366667, "fair_value": 20.709152, "relative_strength": -20.352005, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.297327, "energy": 33.024798, "activity_lines": [ 18.39, 18.817273, 18.700238, 18.957419 ] }, { "date": "2024-12-13", "close": 17.799999, "volume": 632000, "typical_volume": 326522.65, "trend": 19.32, "fair_value": 20.679555, "relative_strength": -19.193308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.703461, "energy": 40.662223, "activity_lines": [ 18.083333, 18.619091, 18.614048, 18.856344 ] }, { "date": "2024-12-20", "close": 17.700001, "volume": 158000, "typical_volume": 326672.65, "trend": 19.223333, "fair_value": 20.645188, "relative_strength": -17.066906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.45822, "energy": 57.135985, "activity_lines": [ 17.87, 18.406364, 18.527619, 18.751828 ] }, { "date": "2024-12-27", "close": 17.85, "volume": 266000, "typical_volume": 319622.65, "trend": 19.126667, "fair_value": 20.615085, "relative_strength": -18.361953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.542827, "energy": 55.063187, "activity_lines": [ 17.82, 18.234546, 18.465, 18.663226 ] }, { "date": "2025-01-03", "close": 17.200001, "volume": 77000, "typical_volume": 317272.65, "trend": 19.01, "fair_value": 20.575035, "relative_strength": -19.276492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.869232, "energy": 52.87959, "activity_lines": [ 17.596667, 17.969091, 18.342381, 18.538925 ] }, { "date": "2025-01-10", "close": 16.799999, "volume": 116000, "typical_volume": 316272.65, "trend": 18.883333, "fair_value": 20.529668, "relative_strength": -20.758831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.970607, "energy": 56.12869, "activity_lines": [ 17.303333, 17.675455, 18.187143, 18.396344 ] }, { "date": "2025-01-17", "close": 16.85, "volume": 149000, "typical_volume": 319472.65, "trend": 18.746667, "fair_value": 20.49756, "relative_strength": -20.282131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.268493, "energy": 56.267502, "activity_lines": [ 17.096667, 17.449091, 18.046191, 18.265161 ] }, { "date": "2025-01-24", "close": 16.85, "volume": 109000, "typical_volume": 319622.65, "trend": 18.595, "fair_value": 20.470958, "relative_strength": -20.738761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.062452, "energy": 62.501568, "activity_lines": [ 16.953333, 17.274545, 17.914048, 18.142796 ] }, { "date": "2025-02-07", "close": 17.049999, "volume": 338027, "typical_volume": 326074.0, "trend": 18.458333, "fair_value": 20.450042, "relative_strength": -18.810852, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.229143, "energy": 54.377176, "activity_lines": [ 16.933333, 17.182727, 17.807143, 18.043118 ] }, { "date": "2025-02-14", "close": 17.15, "volume": 146041, "typical_volume": 324476.05, "trend": 18.313333, "fair_value": 20.429217, "relative_strength": -16.406778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.948522, "energy": 39.147068, "activity_lines": [ 17.0, 17.135454, 17.710952, 17.95871 ] }, { "date": "2025-02-21", "close": 18.0, "volume": 251030, "typical_volume": 320227.55, "trend": 18.245, "fair_value": 20.405857, "relative_strength": -13.635218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.148607, "energy": 23.383078, "activity_lines": [ 17.353333, 17.260909, 17.699048, 17.938495 ] }, { "date": "2025-02-28", "close": 17.1, "volume": 340124, "typical_volume": 334783.75, "trend": 18.156667, "fair_value": 20.380031, "relative_strength": -14.704456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.366478, "energy": 21.346764, "activity_lines": [ 17.326667, 17.22, 17.603095, 17.864624 ] }, { "date": "2025-03-07", "close": 17.1, "volume": 155017, "typical_volume": 334034.6, "trend": 18.07, "fair_value": 20.360812, "relative_strength": -12.033078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.101191, "energy": 20.140929, "activity_lines": [ 17.283333, 17.191818, 17.511429, 17.796452 ] }, { "date": "2025-03-14", "close": 16.799999, "volume": 173003, "typical_volume": 283034.75, "trend": 18.021667, "fair_value": 20.337193, "relative_strength": -10.541192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.485145, "energy": 24.241193, "activity_lines": [ 17.123333, 17.12, 17.397619, 17.714516 ] }, { "date": "2025-03-21", "close": 16.35, "volume": 361283, "typical_volume": 216998.9, "trend": 17.955, "fair_value": 20.313992, "relative_strength": -13.256758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.299745, "energy": 47.747467, "activity_lines": [ 16.83, 16.985454, 17.252381, 17.606667 ] }, { "date": "2025-03-28", "close": 16.1, "volume": 108056, "typical_volume": 208651.7, "trend": 17.865, "fair_value": 20.286436, "relative_strength": -11.599534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.363259, "energy": 62.8227, "activity_lines": [ 16.506666, 16.820909, 17.099047, 17.486989 ] }, { "date": "2025-04-04", "close": 15.95, "volume": 92013, "typical_volume": 199502.35, "trend": 17.773333, "fair_value": 20.237272, "relative_strength": -10.632794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.981696, "energy": 70.267575, "activity_lines": [ 16.26, 16.641818, 16.95, 17.363441 ] }, { "date": "2025-04-11", "close": 11.95, "volume": 476005, "typical_volume": 213902.6, "trend": 17.566667, "fair_value": 20.15999, "relative_strength": -26.324958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.334432, "energy": 92.532244, "activity_lines": [ 14.756667, 15.751818, 16.437857, 16.987742 ] }, { "date": "2025-04-18", "close": 13.1, "volume": 1702016, "typical_volume": 294530.75, "trend": 17.426667, "fair_value": 20.092006, "relative_strength": -18.116238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.950395, "energy": 89.870725, "activity_lines": [ 13.98, 15.16, 16.070714, 16.69957 ] }, { "date": "2025-04-25", "close": 13.05, "volume": 392007, "typical_volume": 309231.1, "trend": 17.266667, "fair_value": 20.042146, "relative_strength": -19.778812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.1664, "energy": 90.28936, "activity_lines": [ 13.433333, 14.630909, 15.724524, 16.417204 ] }, { "date": "2025-05-02", "close": 13.85, "volume": 1340085, "typical_volume": 369085.35, "trend": 17.116667, "fair_value": 19.995762, "relative_strength": -18.073036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.397388, "energy": 84.891759, "activity_lines": [ 13.373333, 14.321818, 15.478809, 16.196774 ] }, { "date": "2025-05-09", "close": 14.2, "volume": 328052, "typical_volume": 353887.95, "trend": 16.99, "fair_value": 19.960156, "relative_strength": -16.011513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.009445, "energy": 58.146067, "activity_lines": [ 13.58, 14.151818, 15.285476, 16.008602 ] }, { "date": "2025-05-16", "close": 14.35, "volume": 189055, "typical_volume": 355440.7, "trend": 16.853333, "fair_value": 19.921107, "relative_strength": -18.211635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.302859, "energy": 47.367388, "activity_lines": [ 13.953333, 14.061818, 15.123571, 15.83828 ] }, { "date": "2025-05-23", "close": 14.5, "volume": 375382, "typical_volume": 360909.8, "trend": 16.696667, "fair_value": 19.880816, "relative_strength": -16.157265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.356846, "energy": 32.924531, "activity_lines": [ 14.216667, 14.049091, 14.991905, 15.686452 ] }, { "date": "2025-05-30", "close": 14.05, "volume": 139467, "typical_volume": 364033.15, "trend": 16.51, "fair_value": 19.833237, "relative_strength": -17.005158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.328628, "energy": 29.045221, "activity_lines": [ 14.236667, 13.996364, 14.833333, 15.515699 ] }, { "date": "2025-06-06", "close": 14.8, "volume": 220701, "typical_volume": 369268.2, "trend": 16.336667, "fair_value": 19.791842, "relative_strength": -13.21517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.708826, "energy": 22.705329, "activity_lines": [ 14.44, 14.121818, 14.76119, 15.405376 ] }, { "date": "2025-06-13", "close": 14.15, "volume": 145009, "typical_volume": 369068.65, "trend": 16.151667, "fair_value": 19.738297, "relative_strength": -17.963416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.820814, "energy": 23.369725, "activity_lines": [ 14.363333, 14.152727, 14.636667, 15.264301 ] }, { "date": "2025-06-20", "close": 13.85, "volume": 49011, "typical_volume": 366069.2, "trend": 15.966667, "fair_value": 19.69384, "relative_strength": -19.031475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.977381, "energy": 27.0748, "activity_lines": [ 14.19, 14.161818, 14.496429, 15.115806 ] }, { "date": "2025-06-27", "close": 13.7, "volume": 90033, "typical_volume": 353669.5, "trend": 15.806667, "fair_value": 19.655304, "relative_strength": -21.229292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.171236, "energy": 31.47853, "activity_lines": [ 14.0, 14.109091, 14.35619, 14.96957 ] }, { "date": "2025-07-04", "close": 14.05, "volume": 121030, "typical_volume": 352418.95, "trend": 15.67, "fair_value": 19.624242, "relative_strength": -18.477343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.121748, "energy": 31.142141, "activity_lines": [ 13.98, 14.109091, 14.265238, 14.856237 ] }, { "date": "2025-07-11", "close": 13.5, "volume": 145074, "typical_volume": 347121.15, "trend": 15.525, "fair_value": 19.603694, "relative_strength": -21.770134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.617674, "energy": 42.006548, "activity_lines": [ 13.776667, 13.990909, 14.136667, 14.716237 ] }, { "date": "2025-07-18", "close": 13.75, "volume": 88004, "typical_volume": 334515.15, "trend": 15.39, "fair_value": 19.584749, "relative_strength": -21.859372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.291725, "energy": 47.961344, "activity_lines": [ 13.743333, 13.924545, 14.053333, 14.60172 ] }, { "date": "2025-07-25", "close": 13.4, "volume": 51802, "typical_volume": 329354.4, "trend": 15.246667, "fair_value": 19.559407, "relative_strength": -23.192169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.09737, "energy": 50.268676, "activity_lines": [ 13.62, 13.802727, 13.952619, 14.473333 ] }, { "date": "2025-08-01", "close": 13.35, "volume": 148513, "typical_volume": 328129.9, "trend": 15.096667, "fair_value": 19.51387, "relative_strength": -23.066935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.2188, "energy": 58.885657, "activity_lines": [ 13.51, 13.689091, 13.864762, 14.350968 ] }, { "date": "2025-08-08", "close": 14.3, "volume": 735004, "typical_volume": 346815.95, "trend": 15.0, "fair_value": 19.480651, "relative_strength": -18.942277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.594531, "energy": 30.072188, "activity_lines": [ 13.74, 13.769091, 13.88381, 14.29957 ] }, { "date": "2025-08-15", "close": 14.55, "volume": 226474, "typical_volume": 352736.85, "trend": 14.925, "fair_value": 19.450816, "relative_strength": -18.04566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.573671, "energy": 13.818131, "activity_lines": [ 14.036667, 13.89, 13.936429, 14.270538 ] }, { "date": "2025-08-22", "close": 14.3, "volume": 173704, "typical_volume": 356821.4, "trend": 14.84, "fair_value": 19.414928, "relative_strength": -17.042275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.228068, "energy": 14.68218, "activity_lines": [ 14.18, 13.97, 13.972619, 14.230215 ] }, { "date": "2025-08-29", "close": 14.35, "volume": 416544, "typical_volume": 353848.35, "trend": 14.756667, "fair_value": 19.372834, "relative_strength": -17.803593, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.29885, "energy": 14.828885, "activity_lines": [ 14.303333, 14.056364, 14.021429, 14.198602 ] }, { "date": "2025-09-05", "close": 13.9, "volume": 146623, "typical_volume": 276078.7, "trend": 14.651667, "fair_value": 19.32934, "relative_strength": -20.65439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.479741, "energy": 13.083081, "activity_lines": [ 14.213333, 14.051818, 14.015952, 14.143333 ] }, { "date": "2025-09-12", "close": 13.7, "volume": 185501, "typical_volume": 265753.4, "trend": 14.536667, "fair_value": 19.280706, "relative_strength": -24.174812, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.662593, "energy": 9.543294, "activity_lines": [ 14.02, 14.007273, 13.987619, 14.081935 ] }, { "date": "2025-09-19", "close": 13.85, "volume": 100099, "typical_volume": 203754.1, "trend": 14.398333, "fair_value": 19.238968, "relative_strength": -23.126928, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.781496, "energy": 16.237804, "activity_lines": [ 13.916667, 13.996364, 13.970476, 14.037634 ] }, { "date": "2025-09-26", "close": 13.35, "volume": 240008, "typical_volume": 199351.9, "trend": 14.273333, "fair_value": 19.179192, "relative_strength": -25.329536, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.044559, "energy": 33.161875, "activity_lines": [ 13.693333, 13.888182, 13.905714, 13.97 ] }, { "date": "2025-10-03", "close": 13.4, "volume": 127006, "typical_volume": 196249.45, "trend": 14.15, "fair_value": 19.121516, "relative_strength": -27.753886, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.763658, "energy": 44.011327, "activity_lines": [ 13.55, 13.796364, 13.849762, 13.913656 ] }, { "date": "2025-10-10", "close": 13.25, "volume": 89502, "typical_volume": 181955.45, "trend": 14.031667, "fair_value": 19.078601, "relative_strength": -29.347031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.734829, "energy": 52.931123, "activity_lines": [ 13.42, 13.677273, 13.784048, 13.855591 ] }, { "date": "2025-10-17", "close": 12.95, "volume": 165667, "typical_volume": 183265.45, "trend": 13.918333, "fair_value": 19.026643, "relative_strength": -30.301382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.559815, "energy": 59.936407, "activity_lines": [ 13.233333, 13.505455, 13.695714, 13.785806 ] }, { "date": "2025-10-24", "close": 13.0, "volume": 102285, "typical_volume": 177344.65, "trend": 13.815, "fair_value": 18.993694, "relative_strength": -29.932819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.563981, "energy": 57.322882, "activity_lines": [ 13.113333, 13.367273, 13.617381, 13.726559 ] }, { "date": "2025-10-31", "close": 13.45, "volume": 380400, "typical_volume": 189114.2, "trend": 13.731667, "fair_value": 18.968376, "relative_strength": -28.563031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.12256, "energy": 41.437532, "activity_lines": [ 13.2, 13.339091, 13.590476, 13.703011 ] }, { "date": "2025-11-07", "close": 13.4, "volume": 240355, "typical_volume": 198681.4, "trend": 13.78, "fair_value": 18.942737, "relative_strength": -26.496976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.101375, "energy": 33.771261, "activity_lines": [ 13.263333, 13.317273, 13.562143, 13.681613 ] }, { "date": "2025-11-14", "close": 12.95, "volume": 120069, "typical_volume": 200183.2, "trend": 13.775, "fair_value": 18.901162, "relative_strength": -27.538302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.036672, "energy": 33.557632, "activity_lines": [ 13.176667, 13.230909, 13.493095, 13.628065 ] }, { "date": "2025-11-21", "close": 12.3, "volume": 101303, "typical_volume": 199196.85, "trend": 13.75, "fair_value": 18.85275, "relative_strength": -27.844521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.183373, "energy": 47.942931, "activity_lines": [ 12.893333, 13.043636, 13.365714, 13.532903 ] }, { "date": "2025-11-28", "close": 12.45, "volume": 102002, "typical_volume": 197043.25, "trend": 13.703333, "fair_value": 18.796698, "relative_strength": -29.362467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.982868, "energy": 63.835298, "activity_lines": [ 12.703333, 12.909091, 13.260952, 13.449032 ] }, { "date": "2025-12-05", "close": 12.35, "volume": 124005, "typical_volume": 198843.3, "trend": 13.641667, "fair_value": 18.740894, "relative_strength": -30.028744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.575616, "energy": 73.267421, "activity_lines": [ 12.516667, 12.781818, 13.151667, 13.36172 ] }, { "date": "2025-12-12", "close": 12.2, "volume": 137514, "typical_volume": 203128.9, "trend": 13.57, "fair_value": 18.677009, "relative_strength": -30.698915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.793664, "energy": 77.452583, "activity_lines": [ 12.353333, 12.645455, 13.034762, 13.26871 ] }, { "date": "2025-12-19", "close": 12.25, "volume": 97115, "typical_volume": 200559.0, "trend": 13.495, "fair_value": 18.622641, "relative_strength": -28.424873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.809029, "energy": 72.68085, "activity_lines": [ 12.286667, 12.54, 12.928333, 13.183548 ] }, { "date": "2025-12-26", "close": 12.1, "volume": 152001, "typical_volume": 171408.85, "trend": 13.43, "fair_value": 18.569684, "relative_strength": -30.647113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.235495, "energy": 71.391631, "activity_lines": [ 12.216667, 12.425455, 12.812857, 13.093548 ] }, { "date": "2026-01-02", "close": 12.05, "volume": 90871, "typical_volume": 164628.7, "trend": 13.338333, "fair_value": 18.518483, "relative_strength": -32.039428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.341114, "energy": 65.02861, "activity_lines": [ 12.143333, 12.317273, 12.703095, 13.004516 ] }, { "date": "2026-01-09", "close": 11.95, "volume": 315003, "typical_volume": 171693.65, "trend": 13.265, "fair_value": 18.469311, "relative_strength": -33.943963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.670116, "energy": 56.253967, "activity_lines": [ 12.063333, 12.208182, 12.595714, 12.914946 ] }, { "date": "2026-01-16", "close": 12.6, "volume": 298894, "typical_volume": 165811.15, "trend": 13.223333, "fair_value": 18.423415, "relative_strength": -32.115105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.028965, "energy": 43.879327, "activity_lines": [ 12.226667, 12.244545, 12.561429, 12.872043 ] }, { "date": "2026-01-23", "close": 13.8, "volume": 905975, "typical_volume": 203778.75, "trend": 13.226667, "fair_value": 18.390255, "relative_strength": -26.224837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.957231, "energy": 11.506267, "activity_lines": [ 12.763333, 12.513636, 12.649762, 12.909247 ] }, { "date": "2026-01-30", "close": 13.0, "volume": 242114, "typical_volume": 206609.4, "trend": 13.191667, "fair_value": 18.35345, "relative_strength": -30.008459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.182379, "energy": 21.267379, "activity_lines": [ 12.93, 12.621818, 12.662381, 12.894624 ] }, { "date": "2026-02-06", "close": 13.45, "volume": 541126, "typical_volume": 228660.75, "trend": 13.19, "fair_value": 18.31152, "relative_strength": -26.20346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.161929, "energy": 22.177465, "activity_lines": [ 13.186667, 12.799091, 12.72119, 12.91129 ] }, { "date": "2026-02-13", "close": 13.0, "volume": 96109, "typical_volume": 221465.8, "trend": 13.165, "fair_value": 18.271155, "relative_strength": -31.731106, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.636888, "energy": 25.193098, "activity_lines": [ 13.2, 12.876364, 12.739048, 12.899032 ] }, { "date": "2026-02-27", "close": 12.95, "volume": 222209, "typical_volume": 226225.95, "trend": 13.15, "fair_value": 18.230766, "relative_strength": -34.595033, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.46615, "energy": 14.15498, "activity_lines": [ 13.126667, 12.932727, 12.75381, 12.885161 ] }, { "date": "2026-03-06", "close": 12.8, "volume": 212434, "typical_volume": 232372.55, "trend": 13.131667, "fair_value": 18.188526, "relative_strength": -31.00428, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.752769, "energy": 9.449202, "activity_lines": [ 12.98, 12.948182, 12.756429, 12.862581 ] }, { "date": "2026-03-13", "close": 13.0, "volume": 241913, "typical_volume": 236184.85, "trend": 13.088333, "fair_value": 18.144008, "relative_strength": -28.592474, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.569203, "energy": 9.194523, "activity_lines": [ 12.966667, 12.99, 12.780238, 12.854086 ] }, { "date": "2026-03-20", "close": 12.8, "volume": 233770, "typical_volume": 242759.1, "trend": 13.03, "fair_value": 18.098505, "relative_strength": -29.032589, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.862269, "energy": 11.69176, "activity_lines": [ 12.886667, 12.979091, 12.784762, 12.835484 ] }, { "date": "2026-03-27", "close": 12.7, "volume": 270001, "typical_volume": 237239.15, "trend": 12.976667, "fair_value": 18.050284, "relative_strength": -27.758765, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.860458, "energy": 14.258878, "activity_lines": [ 12.816667, 12.936364, 12.780714, 12.814194 ] }, { "date": "2026-04-03", "close": 12.95, "volume": 239115, "typical_volume": 237177.15, "trend": 12.93, "fair_value": 17.986461, "relative_strength": -24.159966, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.228304, "energy": 10.685107, "activity_lines": [ 12.85, 12.925455, 12.804048, 12.812473 ] }, { "date": "2026-04-10", "close": 12.95, "volume": 179508, "typical_volume": 240149.1, "trend": 12.898333, "fair_value": 17.922044, "relative_strength": -29.258229, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.350699, "energy": 3.424919, "activity_lines": [ 12.883333, 12.908182, 12.829524, 12.813763 ] }, { "date": "2026-04-17", "close": 13.0, "volume": 343276, "typical_volume": 252247.75, "trend": 12.875, "fair_value": 17.860321, "relative_strength": -30.996215, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.140262, "energy": 6.71522, "activity_lines": [ 12.923333, 12.915455, 12.859762, 12.820323 ] }, { "date": "2026-04-24", "close": 12.7, "volume": 543002, "typical_volume": 274297.75, "trend": 12.836667, "fair_value": 17.792819, "relative_strength": -35.42614, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.402072, "energy": 0.980845, "activity_lines": [ 12.863333, 12.868182, 12.858095, 12.809032 ] }, { "date": "2026-05-01", "close": 12.7, "volume": 144011, "typical_volume": 275298.05, "trend": 12.815, "fair_value": 17.727987, "relative_strength": -34.593851, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.015496, "energy": 5.452779, "activity_lines": [ 12.81, 12.834545, 12.855238, 12.800215 ] }, { "date": "2026-05-08", "close": 12.4, "volume": 339050, "typical_volume": 285374.85, "trend": 12.781667, "fair_value": 17.663308, "relative_strength": -39.388064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.280799, "energy": 15.855346, "activity_lines": [ 12.656667, 12.751818, 12.822143, 12.773441 ] }, { "date": "2026-05-15", "close": 12.2, "volume": 597875, "typical_volume": 310412.85, "trend": 12.746667, "fair_value": 17.598533, "relative_strength": -38.825171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.088805, "energy": 30.311382, "activity_lines": [ 12.473333, 12.642727, 12.769048, 12.735914 ] }, { "date": "2026-05-22", "close": 12.9, "volume": 513947, "typical_volume": 328510.15, "trend": 12.745, "fair_value": 17.545068, "relative_strength": -36.099432, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.978987, "energy": 17.499844, "activity_lines": [ 12.573333, 12.671818, 12.782857, 12.745806 ] }, { "date": "2026-05-29", "close": 12.5, "volume": 346001, "typical_volume": 341266.65, "trend": 12.728333, "fair_value": 17.487853, "relative_strength": -40.558859, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.630049, "energy": 19.953263, "activity_lines": [ 12.546667, 12.63, 12.754762, 12.73 ] }, { "date": "2026-06-05", "close": 12.45, "volume": 509702, "typical_volume": 351001.6, "trend": 12.695, "fair_value": 17.430613, "relative_strength": -40.30799, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.17603, "energy": 14.464617, "activity_lines": [ 12.516667, 12.584545, 12.719762, 12.712043 ] }, { "date": "2026-06-12", "close": 12.1, "volume": 286754, "typical_volume": 350394.6, "trend": 12.651667, "fair_value": 17.365198, "relative_strength": -39.777088, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.837661, "energy": 18.330742, "activity_lines": [ 12.386667, 12.48, 12.649048, 12.673656 ] }, { "date": "2026-06-19", "close": 12.25, "volume": 196010, "typical_volume": 314896.35, "trend": 12.628333, "fair_value": 17.30015, "relative_strength": -41.103711, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.442669, "energy": 28.700335, "activity_lines": [ 12.326667, 12.418182, 12.595, 12.647742 ] }, { "date": "2026-06-26", "close": 17.450001, "volume": 3978041, "typical_volume": 501692.7, "trend": 12.8, "fair_value": 17.26191, "relative_strength": -11.640166, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.260988, "energy": 69.294049, "activity_lines": [ 13.996667, 13.314546, 13.043572, 12.958817 ] }, { "date": "2026-07-03", "close": 15.85, "volume": 1501623, "typical_volume": 549717.55, "trend": 12.913333, "fair_value": 17.205998, "relative_strength": -22.63186, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.232473, "energy": 77.397395, "activity_lines": [ 14.83, 13.839091, 13.318572, 13.155591 ] }, { "date": "2026-07-10", "close": 16.799999, "volume": 859001, "typical_volume": 587862.15, "trend": 13.061667, "fair_value": 17.161218, "relative_strength": -14.467093, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.098334, "energy": 86.074126, "activity_lines": [ 15.756667, 14.479091, 13.672619, 13.406344 ] }, { "date": "2026-07-17", "close": 16.15, "volume": 1350254, "typical_volume": 644264.4, "trend": 13.193333, "fair_value": 17.113782, "relative_strength": -11.763804, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.786041, "energy": 81.649011, "activity_lines": [ 16.176667, 14.926364, 13.946667, 13.605591 ] }, { "date": "2026-07-24", "close": 15.4, "volume": 772896, "typical_volume": 672287.5, "trend": 13.298333, "fair_value": 17.064744, "relative_strength": -16.880426, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.906396, "energy": 72.151742, "activity_lines": [ 16.076667, 15.169091, 14.134048, 13.747957 ] }, { "date": "2026-07-31", "close": 14.0, "volume": 349001, "typical_volume": 677641.9, "trend": 13.361667, "fair_value": 17.011859, "relative_strength": -22.626623, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.60882, "energy": 40.91734, "activity_lines": [ 15.3, 15.099091, 14.175714, 13.793226 ] }, { "date": "2026-08-07", "close": 14.4, "volume": 131417, "typical_volume": 672524.25, "trend": 13.44, "fair_value": 16.958654, "relative_strength": -21.52873, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.5875, "energy": 23.304849, "activity_lines": [ 14.886667, 15.081818, 14.250714, 13.860215 ] }, { "date": "2026-08-14", "close": 13.6, "volume": 353000, "typical_volume": 676674.2, "trend": 13.495, "fair_value": 16.905769, "relative_strength": -27.449087, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.83188, "energy": 19.64812, "activity_lines": [ 14.303333, 14.884545, 14.241905, 13.870538 ] } ], "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." } } }