{ "ticker": { "uuid": "9b89a1a5-1858-4ac7-972f-397140498668", "symbol": "603885", "name": "Juneyao Airlines 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": -41.58, "architecture_energy": 27.234, "architecture_maturity": 87.118, "architecture_confidence": 82.245, "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": 30.94, "rotation_up": 26.26, "upward_expansion": 14.99, "deceleration": 46.74, "rotation_down": 35.88, "downward_expansion": 64.99 }, "activity_lines": [ 10.795333, 10.704134, 10.918219, 11.318334 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 11.06, "trend_reference": 12.121031, "distance_from_trend": -0.087536, "trend_direction": "Weakening", "fair_value": 12.783933, "distance_from_fair_value": -0.134852, "fair_value_direction": "Weakening", "relative_strength": -12.240948, "relative_strength_direction": "Improving", "price_momentum": -0.264628, "excess_performance": -0.221424, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.087536, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.075985, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.134852, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.009105, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.122409, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.081972, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.264628, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.305496, "read": "Demand-led" } ], "volume": { "latest": 71611631, "relative_activity": 0.846884, "balance": 1.305496, "dry_up": 1.072446, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.067425, "annualized_volatility": 0.310133, "from_high_reference": -0.307451, "from_low_reference": 0.119433 }, "levels": { "trend_reference": 12.121031, "fair_value_reference": 12.783933, "structural_low": 9.88, "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": 19, "median_return": -0.025931, "positive_rate": 0.368421, "directional_follow_through": 0.631579, "median_excess_return": -0.001993, "regime_survival": 0.789474, "best_return": 0.365164, "worst_return": -0.16732, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.006541, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.049904, "regime_survival": 0.428571, "best_return": 0.166189, "worst_return": -0.169158, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.039522, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.030902, "regime_survival": 0.0, "best_return": 0.292316, "worst_return": -0.174592, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.104722, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.135139, "regime_survival": 0.333333, "best_return": 0.299427, "worst_return": -0.145564, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": -0.007342, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": -0.046289, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-03-21", "tenure": "Developing", "return": 0.002377, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-05-02", "tenure": "Developing", "return": -0.069767, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": 0.050275, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.001458, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": -0.048673, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-10-03", "tenure": "Established", "return": 0.053447, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-11-21", "tenure": "Developing", "return": -0.025754, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": 0.164319, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-02-27", "tenure": "Developing", "return": -0.071713, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.067547, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.060579, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-08-07", "tenure": "Established", "return": -0.084527, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 17.804558, "volume": 64005173, "typical_volume": 61363018.8, "trend": 16.534063, "fair_value": 14.256028, "relative_strength": 10.3141, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.626035, "energy": 29.507091, "activity_lines": [ 16.917757, 16.383327, 16.427746, 16.544672 ] }, { "date": "2023-08-04", "close": 16.649565, "volume": 64061915, "typical_volume": 60714204.85, "trend": 16.561144, "fair_value": 14.302749, "relative_strength": 2.702688, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.398859, "energy": 18.786172, "activity_lines": [ 16.943207, 16.500962, 16.42467, 16.552124 ] }, { "date": "2023-08-11", "close": 17.48155, "volume": 79283060, "typical_volume": 60562071.35, "trend": 16.617588, "fair_value": 14.357111, "relative_strength": 10.742693, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.807604, "energy": 26.324697, "activity_lines": [ 17.142883, 16.747444, 16.503021, 16.611505 ] }, { "date": "2023-08-18", "close": 16.248253, "volume": 47968866, "typical_volume": 59152727.8, "trend": 16.620199, "fair_value": 14.403193, "relative_strength": 4.454406, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.848917, "energy": 14.176758, "activity_lines": [ 16.897529, 16.724309, 16.45753, 16.587677 ] }, { "date": "2023-08-25", "close": 15.563083, "volume": 53592182, "typical_volume": 58826855.25, "trend": 16.600949, "fair_value": 14.44245, "relative_strength": 1.927291, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.65747, "energy": 18.351984, "activity_lines": [ 16.423784, 16.558445, 16.353217, 16.519476 ] }, { "date": "2023-09-01", "close": 15.680541, "volume": 51537638, "typical_volume": 57513963.3, "trend": 16.62705, "fair_value": 14.47747, "relative_strength": 0.253785, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.456334, "energy": 24.78673, "activity_lines": [ 16.067497, 16.41625, 16.27687, 16.460095 ] }, { "date": "2023-09-08", "close": 14.917068, "volume": 49741607, "typical_volume": 55872791.7, "trend": 16.613673, "fair_value": 14.504477, "relative_strength": -4.202518, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.487633, "energy": 47.461534, "activity_lines": [ 15.598321, 16.137734, 16.140582, 16.349773 ] }, { "date": "2023-09-15", "close": 14.408088, "volume": 49869454, "typical_volume": 54924116.5, "trend": 16.526233, "fair_value": 14.528658, "relative_strength": -7.507428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.153633, "energy": 68.279573, "activity_lines": [ 15.074984, 15.770058, 15.969337, 16.207478 ] }, { "date": "2023-09-22", "close": 14.682154, "volume": 94869874, "typical_volume": 58412658.15, "trend": 16.45478, "fair_value": 14.544303, "relative_strength": -6.18587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.013969, "energy": 67.847187, "activity_lines": [ 14.847899, 15.498838, 15.839155, 16.088505 ] }, { "date": "2023-09-29", "close": 13.996986, "volume": 48297495, "typical_volume": 58109667.8, "trend": 16.341564, "fair_value": 14.561295, "relative_strength": -9.832925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.110392, "energy": 73.295315, "activity_lines": [ 14.496832, 15.131517, 15.657422, 15.929937 ] }, { "date": "2023-10-13", "close": 13.292243, "volume": 56355998, "typical_volume": 58783765.45, "trend": 16.21856, "fair_value": 14.571275, "relative_strength": -13.609024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.242417, "energy": 80.849241, "activity_lines": [ 14.015258, 14.685891, 15.419059, 15.733207 ] }, { "date": "2023-10-20", "close": 12.68538, "volume": 40798277, "typical_volume": 58621314.7, "trend": 16.071086, "fair_value": 14.585161, "relative_strength": -14.436298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.151349, "energy": 85.525618, "activity_lines": [ 13.490615, 14.211969, 15.136975, 15.50526 ] }, { "date": "2023-10-27", "close": 13.360759, "volume": 47561659, "typical_volume": 57691326.65, "trend": 15.978425, "fair_value": 14.603502, "relative_strength": -10.861195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.009201, "energy": 78.493676, "activity_lines": [ 13.339878, 13.932919, 14.932217, 15.3304 ] }, { "date": "2023-11-03", "close": 13.752285, "volume": 51644362, "typical_volume": 57535671.7, "trend": 15.850201, "fair_value": 14.624414, "relative_strength": -8.575501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.005255, "energy": 72.748517, "activity_lines": [ 13.389472, 13.799979, 14.772484, 15.186778 ] }, { "date": "2023-11-10", "close": 13.302032, "volume": 56602147, "typical_volume": 57337162.5, "trend": 15.657376, "fair_value": 14.645248, "relative_strength": -11.684768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.594655, "energy": 62.496569, "activity_lines": [ 13.350972, 13.630556, 14.577002, 15.02238 ] }, { "date": "2023-11-17", "close": 13.448853, "volume": 56181686, "typical_volume": 58262435.2, "trend": 15.493588, "fair_value": 14.662406, "relative_strength": -10.938121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.975017, "energy": 49.388867, "activity_lines": [ 13.407743, 13.528937, 14.406875, 14.879895 ] }, { "date": "2023-11-24", "close": 13.497793, "volume": 48997137, "typical_volume": 57452737.55, "trend": 15.35166, "fair_value": 14.682187, "relative_strength": -10.09825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.27705, "energy": 45.160257, "activity_lines": [ 13.470387, 13.476793, 14.252689, 14.751134 ] }, { "date": "2023-12-01", "close": 12.822414, "volume": 47499019, "typical_volume": 55022112.65, "trend": 15.194072, "fair_value": 14.694706, "relative_strength": -14.214639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.412554, "energy": 51.94367, "activity_lines": [ 13.253743, 13.327658, 14.041826, 14.587957 ] }, { "date": "2023-12-08", "close": 12.753898, "volume": 49681140, "typical_volume": 55363370.9, "trend": 15.033873, "fair_value": 14.704166, "relative_strength": -12.83887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.339521, "energy": 53.607004, "activity_lines": [ 13.050151, 13.194896, 13.844199, 14.430526 ] }, { "date": "2023-12-15", "close": 12.137246, "volume": 47139158, "typical_volume": 55284392.35, "trend": 14.898471, "fair_value": 14.707178, "relative_strength": -16.154965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.14265, "energy": 72.230356, "activity_lines": [ 12.707567, 12.985075, 13.604484, 14.243647 ] }, { "date": "2023-12-22", "close": 11.970849, "volume": 43231853, "typical_volume": 54245726.35, "trend": 14.755891, "fair_value": 14.710621, "relative_strength": -16.300128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.7958, "energy": 84.203162, "activity_lines": [ 12.38717, 12.778813, 13.370828, 14.054768 ] }, { "date": "2023-12-29", "close": 11.745723, "volume": 57477877, "typical_volume": 53916524.45, "trend": 14.63354, "fair_value": 14.711248, "relative_strength": -19.097854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.512513, "energy": 88.455558, "activity_lines": [ 12.090264, 12.555644, 13.143511, 13.860564 ] }, { "date": "2024-01-05", "close": 11.65763, "volume": 40741159, "typical_volume": 51989429.4, "trend": 14.522608, "fair_value": 14.716301, "relative_strength": -18.02314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.09694, "energy": 88.796027, "activity_lines": [ 11.880799, 12.333543, 12.931155, 13.66857 ] }, { "date": "2024-01-12", "close": 11.86318, "volume": 60990622, "typical_volume": 52640517.2, "trend": 14.409719, "fair_value": 14.716745, "relative_strength": -14.870715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.848718, "energy": 82.154945, "activity_lines": [ 11.817502, 12.179781, 12.766109, 13.496994 ] }, { "date": "2024-01-19", "close": 12.597289, "volume": 92970589, "typical_volume": 54609437.55, "trend": 14.306617, "fair_value": 14.727634, "relative_strength": -7.814134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.825498, "energy": 55.530344, "activity_lines": [ 12.05829, 12.19384, 12.69186, 13.380063 ] }, { "date": "2024-01-26", "close": 12.597289, "volume": 75704221, "typical_volume": 55817766.7, "trend": 14.199274, "fair_value": 14.737463, "relative_strength": -10.02064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.016867, "energy": 40.070282, "activity_lines": [ 12.268408, 12.220713, 12.631733, 13.269783 ] }, { "date": "2024-02-02", "close": 11.638055, "volume": 80036136, "typical_volume": 57332493.15, "trend": 14.083775, "fair_value": 14.748254, "relative_strength": -11.147521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.088467, "energy": 39.335961, "activity_lines": [ 12.117019, 12.088663, 12.494933, 13.104543 ] }, { "date": "2024-02-09", "close": 13.262879, "volume": 89640472, "typical_volume": 59321044.05, "trend": 13.960118, "fair_value": 14.772454, "relative_strength": -3.563161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.334144, "energy": 17.680111, "activity_lines": [ 12.514416, 12.285849, 12.528492, 13.051582 ] }, { "date": "2024-02-23", "close": 12.988812, "volume": 92282302, "typical_volume": 59191665.45, "trend": 13.85147, "fair_value": 14.794336, "relative_strength": -9.788366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.109335, "energy": 17.357255, "activity_lines": [ 12.713441, 12.425196, 12.541403, 12.988917 ] }, { "date": "2024-03-01", "close": 12.704956, "volume": 90990471, "typical_volume": 61326314.25, "trend": 13.717047, "fair_value": 14.808036, "relative_strength": -12.021943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.612342, "energy": 15.147179, "activity_lines": [ 12.742804, 12.508661, 12.535343, 12.914949 ] }, { "date": "2024-03-08", "close": 12.147036, "volume": 53403543, "typical_volume": 61178691.5, "trend": 13.528463, "fair_value": 14.815041, "relative_strength": -16.016603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.995648, "energy": 19.329196, "activity_lines": [ 12.579017, 12.480365, 12.482301, 12.813658 ] }, { "date": "2024-03-15", "close": 12.656017, "volume": 66004246, "typical_volume": 62438989.95, "trend": 13.395345, "fair_value": 14.82325, "relative_strength": -12.360151, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.002095, "energy": 9.423871, "activity_lines": [ 12.614907, 12.541407, 12.483187, 12.757371 ] }, { "date": "2024-03-22", "close": 12.039366, "volume": 67480584, "typical_volume": 63434936.2, "trend": 13.213939, "fair_value": 14.826321, "relative_strength": -16.002915, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.465676, "energy": 21.721399, "activity_lines": [ 12.377382, 12.47378, 12.425484, 12.669888 ] }, { "date": "2024-03-29", "close": 11.892544, "volume": 44048343, "typical_volume": 63055135.25, "trend": 13.068748, "fair_value": 14.823024, "relative_strength": -16.377193, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.535591, "energy": 27.670541, "activity_lines": [ 12.172484, 12.372518, 12.36009, 12.584637 ] }, { "date": "2024-04-05", "close": 12.303644, "volume": 40155408, "typical_volume": 62232798.3, "trend": 12.9601, "fair_value": 14.819368, "relative_strength": -13.948909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.092191, "energy": 23.13446, "activity_lines": [ 12.177704, 12.345467, 12.342704, 12.535276 ] }, { "date": "2024-04-12", "close": 11.598903, "volume": 76187384, "typical_volume": 63233083.2, "trend": 12.824046, "fair_value": 14.80059, "relative_strength": -17.013134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.458175, "energy": 41.088518, "activity_lines": [ 11.974765, 12.19562, 12.262954, 12.447456 ] }, { "date": "2024-04-19", "close": 11.706571, "volume": 93887594, "typical_volume": 65477606.05, "trend": 12.717029, "fair_value": 14.778385, "relative_strength": -16.83164, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.007745, "energy": 40.967903, "activity_lines": [ 11.844257, 12.083502, 12.202268, 12.375361 ] }, { "date": "2024-04-26", "close": 12.264492, "volume": 82585169, "typical_volume": 67231913.55, "trend": 12.645576, "fair_value": 14.761691, "relative_strength": -12.969735, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.695713, "energy": 26.650999, "activity_lines": [ 11.963019, 12.071578, 12.203247, 12.346165 ] }, { "date": "2024-05-03", "close": 12.049155, "volume": 55521776, "typical_volume": 67523945.35, "trend": 12.557809, "fair_value": 14.746174, "relative_strength": -14.40329, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.130638, "energy": 25.69062, "activity_lines": [ 11.994994, 12.038654, 12.186374, 12.307687 ] }, { "date": "2024-05-10", "close": 12.010003, "volume": 95061572, "typical_volume": 69920066.05, "trend": 12.491577, "fair_value": 14.731466, "relative_strength": -15.497985, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.545422, "energy": 21.816226, "activity_lines": [ 12.003477, 12.015697, 12.169129, 12.272344 ] }, { "date": "2024-05-17", "close": 12.215551, "volume": 69628111, "typical_volume": 71239878.95, "trend": 12.455687, "fair_value": 14.717327, "relative_strength": -13.523339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.943738, "energy": 14.913895, "activity_lines": [ 12.100052, 12.042748, 12.172065, 12.254536 ] }, { "date": "2024-05-24", "close": 12.421102, "volume": 97137737, "typical_volume": 73222871.95, "trend": 12.446878, "fair_value": 14.706752, "relative_strength": -9.853785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.61108, "energy": 11.563246, "activity_lines": [ 12.224035, 12.105925, 12.193412, 12.252305 ] }, { "date": "2024-05-31", "close": 12.214405, "volume": 56110940, "typical_volume": 73991361.0, "trend": 12.408666, "fair_value": 14.692668, "relative_strength": -10.914021, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.051287, "energy": 13.120249, "activity_lines": [ 12.231483, 12.135793, 12.191858, 12.237307 ] }, { "date": "2024-06-07", "close": 12.076612, "volume": 55813151, "typical_volume": 73732487.45, "trend": 12.35281, "fair_value": 14.681631, "relative_strength": -10.567643, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.534243, "energy": 13.977032, "activity_lines": [ 12.196339, 12.137425, 12.17453, 12.215884 ] }, { "date": "2024-06-14", "close": 11.899448, "volume": 50457792, "typical_volume": 71606847.6, "trend": 12.306057, "fair_value": 14.67133, "relative_strength": -11.061253, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.413906, "energy": 17.846078, "activity_lines": [ 12.100311, 12.103498, 12.139312, 12.186635 ] }, { "date": "2024-06-21", "close": 11.338433, "volume": 51906728, "typical_volume": 70416972.95, "trend": 12.23571, "fair_value": 14.647264, "relative_strength": -13.927634, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.893463, "energy": 44.699775, "activity_lines": [ 11.824647, 11.974918, 12.053987, 12.124207 ] }, { "date": "2024-06-28", "close": 10.816785, "volume": 68628703, "typical_volume": 69846601.3, "trend": 12.146343, "fair_value": 14.611559, "relative_strength": -16.618065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.711793, "energy": 68.989886, "activity_lines": [ 11.433575, 11.756229, 11.924976, 12.032664 ] }, { "date": "2024-07-05", "close": 10.511672, "volume": 52185952, "typical_volume": 67973875.3, "trend": 12.069318, "fair_value": 14.572213, "relative_strength": -17.991303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.239943, "energy": 80.495036, "activity_lines": [ 11.047754, 11.498242, 11.770818, 11.927201 ] }, { "date": "2024-07-12", "close": 11.446698, "volume": 71576475, "typical_volume": 66938583.95, "trend": 12.025745, "fair_value": 14.539677, "relative_strength": -10.998137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.785099, "energy": 71.321079, "activity_lines": [ 11.087123, 11.442129, 11.71881, 11.887032 ] }, { "date": "2024-07-19", "close": 11.348274, "volume": 47232889, "typical_volume": 64750704.85, "trend": 11.999446, "fair_value": 14.510275, "relative_strength": -11.497773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.2548, "energy": 65.352938, "activity_lines": [ 11.135679, 11.379075, 11.664773, 11.843324 ] }, { "date": "2024-07-26", "close": 10.797101, "volume": 40843966, "typical_volume": 64122726.0, "trend": 11.960321, "fair_value": 14.477779, "relative_strength": -12.632052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.41082, "energy": 54.215901, "activity_lines": [ 11.037255, 11.22784, 11.564703, 11.765754 ] }, { "date": "2024-08-02", "close": 11.092373, "volume": 42647996, "typical_volume": 62954913.5, "trend": 11.938543, "fair_value": 14.454391, "relative_strength": -10.096065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.247791, "energy": 35.649254, "activity_lines": [ 11.073344, 11.15608, 11.499182, 11.709757 ] }, { "date": "2024-08-09", "close": 11.436856, "volume": 111484042, "typical_volume": 65155086.4, "trend": 11.931183, "fair_value": 14.436725, "relative_strength": -5.289526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.909145, "energy": 26.531744, "activity_lines": [ 11.205888, 11.171112, 11.473916, 11.67739 ] }, { "date": "2024-08-16", "close": 10.806943, "volume": 74012298, "typical_volume": 66653284.15, "trend": 11.895975, "fair_value": 14.41659, "relative_strength": -10.507076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.387062, "energy": 35.401202, "activity_lines": [ 11.066782, 11.085751, 11.391526, 11.604858 ] }, { "date": "2024-08-23", "close": 10.364035, "volume": 52922801, "typical_volume": 67291653.8, "trend": 11.821534, "fair_value": 14.399953, "relative_strength": -12.680322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.526249, "energy": 42.157218, "activity_lines": [ 10.822691, 10.942947, 11.272125, 11.506024 ] }, { "date": "2024-08-30", "close": 10.324666, "volume": 52319277, "typical_volume": 66098248.45, "trend": 11.74578, "fair_value": 14.392035, "relative_strength": -12.00712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.763314, "energy": 51.301295, "activity_lines": [ 10.631092, 10.820901, 11.15821, 11.409451 ] }, { "date": "2024-09-06", "close": 10.334509, "volume": 68382033, "typical_volume": 64822970.4, "trend": 11.702328, "fair_value": 14.379287, "relative_strength": -8.920384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.451776, "energy": 63.591445, "activity_lines": [ 10.47427, 10.719077, 11.0513, 11.318402 ] }, { "date": "2024-09-13", "close": 9.891601, "volume": 43860420, "typical_volume": 62886732.95, "trend": 11.589952, "fair_value": 14.36188, "relative_strength": -10.267739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.973678, "energy": 72.242381, "activity_lines": [ 10.220337, 10.545494, 10.908743, 11.201581 ] }, { "date": "2024-09-20", "close": 10.068764, "volume": 31452928, "typical_volume": 61683290.55, "trend": 11.492617, "fair_value": 14.339962, "relative_strength": -9.278918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.033524, "energy": 66.605278, "activity_lines": [ 10.128475, 10.415395, 10.794357, 11.10344 ] }, { "date": "2024-09-27", "close": 12.310791, "volume": 133345073, "typical_volume": 63597465.6, "trend": 11.479478, "fair_value": 14.329969, "relative_strength": -1.381124, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.472094, "energy": 13.259251, "activity_lines": [ 10.833167, 10.717991, 10.902929, 11.156225 ] }, { "date": "2024-10-04", "close": 13.522015, "volume": 47397796, "typical_volume": 62485949.85, "trend": 11.525311, "fair_value": 14.319395, "relative_strength": 0.542165, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.68911, "energy": 33.038696, "activity_lines": [ 11.811816, 11.22331, 11.125423, 11.288001 ] }, { "date": "2024-10-11", "close": 11.923597, "volume": 194892341, "typical_volume": 67373680.05, "trend": 11.500897, "fair_value": 14.29023, "relative_strength": -7.720935, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.33028, "energy": 29.775575, "activity_lines": [ 12.044503, 11.388463, 11.189465, 11.313697 ] }, { "date": "2024-10-18", "close": 11.983166, "volume": 170075852, "typical_volume": 73071925.65, "trend": 11.499024, "fair_value": 14.268223, "relative_strength": -8.229044, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.715293, "energy": 33.533646, "activity_lines": [ 12.191107, 11.549333, 11.261549, 11.344811 ] }, { "date": "2024-10-25", "close": 12.817122, "volume": 89981834, "typical_volume": 74780359.8, "trend": 11.529843, "fair_value": 14.254699, "relative_strength": -2.80494, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.843627, "energy": 52.6753, "activity_lines": [ 12.476259, 11.851899, 11.414159, 11.42985 ] }, { "date": "2024-11-01", "close": 12.628489, "volume": 71258665, "typical_volume": 75820403.45, "trend": 11.540671, "fair_value": 14.241158, "relative_strength": -3.160489, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.189479, "energy": 39.891306, "activity_lines": [ 12.515309, 12.08362, 11.545278, 11.50073 ] }, { "date": "2024-11-08", "close": 13.422734, "volume": 109190781, "typical_volume": 78684606.1, "trend": 11.601465, "fair_value": 14.229633, "relative_strength": -2.138413, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.397873, "energy": 59.452187, "activity_lines": [ 12.797928, 12.418576, 11.748567, 11.622154 ] }, { "date": "2024-11-15", "close": 13.512086, "volume": 90618344, "typical_volume": 79784088.15, "trend": 11.661649, "fair_value": 14.202494, "relative_strength": 2.267318, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.878739, "energy": 66.190485, "activity_lines": [ 13.11695, 12.71345, 11.950441, 11.74542 ] }, { "date": "2024-11-22", "close": 14.435396, "volume": 127177262, "typical_volume": 83533653.65, "trend": 11.734013, "fair_value": 14.190622, "relative_strength": 11.371886, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.162422, "energy": 75.144267, "activity_lines": [ 13.637842, 13.118425, 12.227415, 11.924371 ] }, { "date": "2024-11-29", "close": 14.3659, "volume": 118682861, "typical_volume": 85888972.95, "trend": 11.811238, "fair_value": 14.182822, "relative_strength": 8.924403, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.908221, "energy": 76.987366, "activity_lines": [ 13.972087, 13.428149, 12.479085, 12.09417 ] }, { "date": "2024-12-06", "close": 14.564461, "volume": 97145387, "typical_volume": 88384597.85, "trend": 11.896386, "fair_value": 14.178931, "relative_strength": 7.886254, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.887995, "energy": 75.634751, "activity_lines": [ 14.269267, 13.695846, 12.735765, 12.271798 ] }, { "date": "2024-12-13", "close": 15.021152, "volume": 87476886, "typical_volume": 90716243.85, "trend": 11.989906, "fair_value": 14.168304, "relative_strength": 11.596999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.292565, "energy": 74.762187, "activity_lines": [ 14.589612, 14.005601, 13.020624, 12.473395 ] }, { "date": "2024-12-20", "close": 14.167339, "volume": 96074696, "typical_volume": 93387578.85, "trend": 12.048114, "fair_value": 14.160486, "relative_strength": 5.955864, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.946946, "energy": 51.198919, "activity_lines": [ 14.518792, 14.132861, 13.204054, 12.613875 ] }, { "date": "2024-12-27", "close": 13.978705, "volume": 57574642, "typical_volume": 90692108.85, "trend": 12.106924, "fair_value": 14.154095, "relative_strength": 3.5568, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.346605, "energy": 47.275155, "activity_lines": [ 14.341411, 14.185029, 13.354875, 12.738429 ] }, { "date": "2025-01-03", "close": 12.886619, "volume": 47650830, "typical_volume": 89374035.45, "trend": 12.133924, "fair_value": 14.142271, "relative_strength": 1.044714, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.924838, "energy": 30.500881, "activity_lines": [ 13.830446, 14.002352, 13.389584, 12.788732 ] }, { "date": "2025-01-10", "close": 12.529209, "volume": 53609973, "typical_volume": 89408394.05, "trend": 12.154916, "fair_value": 14.124768, "relative_strength": -0.415105, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.803923, "energy": 22.741951, "activity_lines": [ 13.298964, 13.753429, 13.380351, 12.814234 ] }, { "date": "2025-01-17", "close": 13.333382, "volume": 54848219, "typical_volume": 89534841.15, "trend": 12.221415, "fair_value": 14.114617, "relative_strength": 3.582229, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.793094, "energy": 24.39109, "activity_lines": [ 13.171223, 13.652524, 13.437395, 12.890264 ] }, { "date": "2025-01-24", "close": 13.512086, "volume": 69529116, "typical_volume": 89592195.3, "trend": 12.311258, "fair_value": 14.104293, "relative_strength": 4.770767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.054895, "energy": 22.584691, "activity_lines": [ 13.215569, 13.585735, 13.497132, 12.973534 ] }, { "date": "2025-01-31", "close": 13.144749, "volume": 9166940, "typical_volume": 87857521.3, "trend": 12.399027, "fair_value": 14.077183, "relative_strength": 2.127069, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.627058, "energy": 15.26055, "activity_lines": [ 13.181151, 13.452157, 13.506753, 13.027307 ] }, { "date": "2025-02-07", "close": 12.827051, "volume": 57919538, "typical_volume": 89180851.8, "trend": 12.445039, "fair_value": 14.050483, "relative_strength": -1.760688, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.464746, "energy": 8.74223, "activity_lines": [ 13.096432, 13.284283, 13.470625, 13.054922 ] }, { "date": "2025-02-14", "close": 12.658274, "volume": 90147133, "typical_volume": 87020954.8, "trend": 12.488706, "fair_value": 14.028788, "relative_strength": -3.905225, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.393893, "energy": 8.760335, "activity_lines": [ 12.959425, 13.113701, 13.405289, 13.068679 ] }, { "date": "2025-02-21", "close": 12.350504, "volume": 86457790, "typical_volume": 88973954.5, "trend": 12.540486, "fair_value": 13.995332, "relative_strength": -6.836436, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.762925, "energy": 19.016307, "activity_lines": [ 12.711224, 12.921819, 13.308987, 13.059762 ] }, { "date": "2025-02-28", "close": 13.005756, "volume": 135753202, "typical_volume": 86016997.55, "trend": 12.604265, "fair_value": 13.966516, "relative_strength": -0.036232, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.347088, "energy": 19.205307, "activity_lines": [ 12.746965, 12.89763, 13.280668, 13.08978 ] }, { "date": "2025-03-07", "close": 13.49223, "volume": 82100239, "typical_volume": 81618216.9, "trend": 12.672778, "fair_value": 13.93674, "relative_strength": 2.108306, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.008434, "energy": 11.984177, "activity_lines": [ 12.978619, 12.983011, 13.293528, 13.147068 ] }, { "date": "2025-03-14", "close": 12.966043, "volume": 81343048, "typical_volume": 81186277.6, "trend": 12.744748, "fair_value": 13.913755, "relative_strength": -3.055745, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.025011, "energy": 10.002819, "activity_lines": [ 13.011712, 12.981567, 13.249088, 13.165988 ] }, { "date": "2025-03-21", "close": 12.558992, "volume": 71448844, "typical_volume": 81195786.55, "trend": 12.817913, "fair_value": 13.894435, "relative_strength": -4.469687, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.308101, "energy": 3.827985, "activity_lines": [ 12.899856, 12.90467, 13.165172, 13.154004 ] }, { "date": "2025-03-28", "close": 13.234101, "volume": 107741715, "typical_volume": 81123333.25, "trend": 12.914894, "fair_value": 13.877749, "relative_strength": 1.052675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.716548, "energy": 10.135798, "activity_lines": [ 13.019655, 12.949978, 13.145883, 13.180855 ] }, { "date": "2025-04-04", "close": 13.114964, "volume": 39665416, "typical_volume": 78575686.85, "trend": 13.007576, "fair_value": 13.87084, "relative_strength": 0.463309, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.360551, "energy": 4.082235, "activity_lines": [ 13.040834, 12.97543, 13.116146, 13.193763 ] }, { "date": "2025-04-11", "close": 12.757555, "volume": 98817134, "typical_volume": 77157680.45, "trend": 13.103108, "fair_value": 13.861389, "relative_strength": 0.808669, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.851316, "energy": 11.862148, "activity_lines": [ 12.935597, 12.943119, 13.054261, 13.177632 ] }, { "date": "2025-04-18", "close": 12.896547, "volume": 63908853, "typical_volume": 74418980.05, "trend": 13.197367, "fair_value": 13.855841, "relative_strength": 0.651725, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.387299, "energy": 18.693282, "activity_lines": [ 12.925669, 12.943119, 13.013604, 13.164306 ] }, { "date": "2025-04-25", "close": 12.529209, "volume": 57692249, "typical_volume": 72446323.15, "trend": 13.204648, "fair_value": 13.848502, "relative_strength": -2.678539, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.117656, "energy": 32.726493, "activity_lines": [ 12.797928, 12.875066, 12.944958, 13.121199 ] }, { "date": "2025-05-02", "close": 12.310791, "volume": 43251159, "typical_volume": 70235036.8, "trend": 13.164274, "fair_value": 13.839827, "relative_strength": -3.847854, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.199838, "energy": 45.704709, "activity_lines": [ 12.599367, 12.769648, 12.865203, 13.063531 ] }, { "date": "2025-05-09", "close": 12.638417, "volume": 51527109, "typical_volume": 68007657.45, "trend": 13.188101, "fair_value": 13.83024, "relative_strength": -3.136652, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.313582, "energy": 42.614279, "activity_lines": [ 12.571568, 12.724521, 12.829556, 13.029604 ] }, { "date": "2025-05-16", "close": 13.174533, "volume": 87092764, "typical_volume": 69483563.55, "trend": 13.227813, "fair_value": 13.831932, "relative_strength": 0.189357, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.181451, "energy": 26.080661, "activity_lines": [ 12.754245, 12.783548, 12.852249, 13.028729 ] }, { "date": "2025-05-23", "close": 13.273813, "volume": 82105582, "typical_volume": 71206301.15, "trend": 13.243036, "fair_value": 13.84041, "relative_strength": 1.548364, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.700912, "energy": 9.779409, "activity_lines": [ 12.942216, 12.866402, 12.888226, 13.031697 ] }, { "date": "2025-05-30", "close": 13.819857, "volume": 82861692, "typical_volume": 72668887.1, "trend": 13.282749, "fair_value": 13.853768, "relative_strength": 5.664454, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.955117, "energy": 20.549186, "activity_lines": [ 13.287051, 13.042941, 12.974364, 13.068911 ] }, { "date": "2025-06-06", "close": 13.84, "volume": 51991887, "typical_volume": 72526070.5, "trend": 13.296657, "fair_value": 13.866754, "relative_strength": 4.567641, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.970233, "energy": 29.568856, "activity_lines": [ 13.552557, 13.200217, 13.056274, 13.104863 ] }, { "date": "2025-06-13", "close": 13.56, "volume": 73870367, "typical_volume": 72743133.05, "trend": 13.298255, "fair_value": 13.877255, "relative_strength": 2.659538, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.789721, "energy": 36.427677, "activity_lines": [ 13.622782, 13.295569, 13.109105, 13.121852 ] }, { "date": "2025-06-20", "close": 13.13, "volume": 48959436, "typical_volume": 74732757.85, "trend": 13.254741, "fair_value": 13.882363, "relative_strength": -0.151819, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.287944, "energy": 33.687809, "activity_lines": [ 13.488235, 13.304646, 13.120756, 13.110997 ] }, { "date": "2025-06-27", "close": 13.7, "volume": 60445047, "typical_volume": 74859033.3, "trend": 13.232545, "fair_value": 13.888052, "relative_strength": 2.047125, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.007453, "energy": 27.497417, "activity_lines": [ 13.546657, 13.410589, 13.186762, 13.139724 ] }, { "date": "2025-07-04", "close": 12.9, "volume": 68203887, "typical_volume": 73761871.0, "trend": 13.177063, "fair_value": 13.886604, "relative_strength": -5.313137, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 0.610376, "energy": 3.068952, "activity_lines": [ 13.31, 13.356468, 13.172422, 13.118269 ] }, { "date": "2025-07-11", "close": 12.91, "volume": 105897473, "typical_volume": 74733855.15, "trend": 13.106691, "fair_value": 13.883464, "relative_strength": -6.181479, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.943599, "energy": 8.692019, "activity_lines": [ 13.138, 13.297425, 13.157882, 13.101039 ] }, { "date": "2025-07-18", "close": 12.59, "volume": 73233813, "typical_volume": 71607885.7, "trend": 13.054113, "fair_value": 13.864845, "relative_strength": -9.027626, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.48571, "energy": 13.246561, "activity_lines": [ 12.921333, 13.169304, 13.110202, 13.067704 ] }, { "date": "2025-07-25", "close": 12.98, "volume": 130182929, "typical_volume": 74012020.2, "trend": 13.020823, "fair_value": 13.835926, "relative_strength": -7.698172, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.400066, "energy": 12.898822, "activity_lines": [ 12.899333, 13.112973, 13.101644, 13.062923 ] }, { "date": "2025-08-01", "close": 12.29, "volume": 116252761, "typical_volume": 75757505.85, "trend": 13.000935, "fair_value": 13.81256, "relative_strength": -11.618612, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.148499, "energy": 32.120554, "activity_lines": [ 12.657333, 12.934725, 13.029812, 13.015773 ] }, { "date": "2025-08-08", "close": 12.52, "volume": 77401753, "typical_volume": 76055151.3, "trend": 13.000628, "fair_value": 13.790606, "relative_strength": -11.586449, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.601848, "energy": 46.489425, "activity_lines": [ 12.586, 12.816182, 12.983104, 12.984745 ] }, { "date": "2025-08-15", "close": 12.81, "volume": 84906369, "typical_volume": 74913384.0, "trend": 12.983182, "fair_value": 13.770448, "relative_strength": -10.920327, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.598849, "energy": 36.071143, "activity_lines": [ 12.636667, 12.774, 12.9642, 12.972446 ] }, { "date": "2025-08-22", "close": 12.69, "volume": 87110096, "typical_volume": 77285618.0, "trend": 12.95578, "fair_value": 13.758431, "relative_strength": -14.597494, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.701778, "energy": 37.404767, "activity_lines": [ 12.654, 12.728727, 12.935887, 12.953531 ] }, { "date": "2025-08-29", "close": 12.6, "volume": 139744406, "typical_volume": 79331981.6, "trend": 12.937621, "fair_value": 13.750166, "relative_strength": -15.757315, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.569193, "energy": 27.307073, "activity_lines": [ 12.634667, 12.682909, 12.901026, 12.930578 ] }, { "date": "2025-09-05", "close": 12.73, "volume": 98132959, "typical_volume": 81043186.9, "trend": 12.934386, "fair_value": 13.743111, "relative_strength": -13.704165, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.190896, "energy": 19.429277, "activity_lines": [ 12.684, 12.670364, 12.879297, 12.917183 ] }, { "date": "2025-09-12", "close": 13.05, "volume": 116206448, "typical_volume": 83968896.85, "trend": 12.947444, "fair_value": 13.731708, "relative_strength": -12.738223, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.192662, "energy": 12.479417, "activity_lines": [ 12.810667, 12.733636, 12.888837, 12.924642 ] }, { "date": "2025-09-19", "close": 13.54, "volume": 112382870, "typical_volume": 87425482.4, "trend": 12.987094, "fair_value": 13.723759, "relative_strength": -8.203147, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.587085, "energy": 14.708123, "activity_lines": [ 13.065333, 12.883273, 12.942564, 12.962871 ] }, { "date": "2025-09-26", "close": 13.6, "volume": 67068356, "typical_volume": 88202544.75, "trend": 13.006902, "fair_value": 13.716884, "relative_strength": -7.789869, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.297182, "energy": 31.908172, "activity_lines": [ 13.291333, 13.032364, 12.996151, 13.002414 ] }, { "date": "2025-10-03", "close": 13.6, "volume": 27345135, "typical_volume": 85215163.3, "trend": 13.010494, "fair_value": 13.705806, "relative_strength": -8.837913, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.992436, "energy": 62.856332, "activity_lines": [ 13.456667, 13.163091, 13.04516, 13.040678 ] }, { "date": "2025-10-10", "close": 13.59, "volume": 33555532, "typical_volume": 82787660.8, "trend": 13.031293, "fair_value": 13.696986, "relative_strength": -9.138787, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.567366, "energy": 64.984569, "activity_lines": [ 13.552, 13.280727, 13.09119, 13.078066 ] }, { "date": "2025-10-17", "close": 14.1, "volume": 111083196, "typical_volume": 84198736.0, "trend": 13.08266, "fair_value": 13.693631, "relative_strength": -4.321919, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.101932, "energy": 71.825279, "activity_lines": [ 13.76, 13.467455, 13.184286, 13.147015 ] }, { "date": "2025-10-24", "close": 13.57, "volume": 89650272, "typical_volume": 86081655.25, "trend": 13.093856, "fair_value": 13.685623, "relative_strength": -10.293522, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.611961, "energy": 56.003632, "activity_lines": [ 13.721333, 13.529091, 13.225571, 13.178456 ] }, { "date": "2025-10-31", "close": 12.95, "volume": 107240511, "typical_volume": 87750162.45, "trend": 13.088357, "fair_value": 13.678221, "relative_strength": -14.237084, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.457845, "energy": 26.158239, "activity_lines": [ 13.474, 13.464182, 13.209095, 13.169175 ] }, { "date": "2025-11-07", "close": 13.23, "volume": 64131228, "typical_volume": 88508752.05, "trend": 13.104106, "fair_value": 13.67092, "relative_strength": -13.066762, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.196807, "energy": 18.682742, "activity_lines": [ 13.363333, 13.445455, 13.22219, 13.178313 ] }, { "date": "2025-11-14", "close": 14.78, "volume": 146636542, "typical_volume": 92818326.8, "trend": 13.166887, "fair_value": 13.677195, "relative_strength": -2.53613, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.315463, "energy": 37.393079, "activity_lines": [ 13.794, 13.697091, 13.382429, 13.286435 ] }, { "date": "2025-11-21", "close": 13.24, "volume": 116914062, "typical_volume": 95253835.55, "trend": 13.19058, "fair_value": 13.662742, "relative_strength": -8.702615, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.559073, "energy": 20.614787, "activity_lines": [ 13.632, 13.631455, 13.390857, 13.291152 ] }, { "date": "2025-11-28", "close": 12.78, "volume": 152069776, "typical_volume": 97562450.7, "trend": 13.206221, "fair_value": 13.649922, "relative_strength": -12.633092, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.878855, "energy": 8.659221, "activity_lines": [ 13.374, 13.478727, 13.353857, 13.264663 ] }, { "date": "2025-12-05", "close": 13.59, "volume": 90509274, "typical_volume": 98426223.75, "trend": 13.23794, "fair_value": 13.645995, "relative_strength": -7.055645, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.233756, "energy": 16.402821, "activity_lines": [ 13.438667, 13.487091, 13.394619, 13.289423 ] }, { "date": "2025-12-12", "close": 13.54, "volume": 74130602, "typical_volume": 95623607.4, "trend": 13.250122, "fair_value": 13.644446, "relative_strength": -6.623048, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.696074, "energy": 16.048834, "activity_lines": [ 13.444, 13.486545, 13.425857, 13.308911 ] }, { "date": "2025-12-19", "close": 14.1, "volume": 90821065, "typical_volume": 94352022.6, "trend": 13.277662, "fair_value": 13.64291, "relative_strength": -2.495856, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.708708, "energy": 22.102512, "activity_lines": [ 13.615333, 13.588909, 13.507762, 13.363742 ] }, { "date": "2025-12-26", "close": 14.02, "volume": 81392372, "typical_volume": 94551553.55, "trend": 13.284333, "fair_value": 13.634776, "relative_strength": -4.556804, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.610496, "energy": 35.194269, "activity_lines": [ 13.805333, 13.667455, 13.573429, 13.411634 ] }, { "date": "2026-01-02", "close": 14.88, "volume": 84789428, "typical_volume": 94545706.5, "trend": 13.319, "fair_value": 13.621989, "relative_strength": 1.304574, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.676655, "energy": 56.409035, "activity_lines": [ 14.23, 13.903818, 13.713857, 13.514581 ] }, { "date": "2026-01-09", "close": 15.06, "volume": 98115060, "typical_volume": 95095954.7, "trend": 13.369, "fair_value": 13.615, "relative_strength": -1.088093, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.574072, "energy": 65.771814, "activity_lines": [ 14.574667, 14.149091, 13.861571, 13.626903 ] }, { "date": "2026-01-16", "close": 14.76, "volume": 76199580, "typical_volume": 91918713.4, "trend": 13.423333, "fair_value": 13.608095, "relative_strength": -2.359435, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.687995, "energy": 63.358055, "activity_lines": [ 14.721333, 14.301455, 13.969429, 13.716645 ] }, { "date": "2026-01-23", "close": 15.71, "volume": 65112385, "typical_volume": 90267684.7, "trend": 13.490333, "fair_value": 13.607593, "relative_strength": 3.256252, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.7426, "energy": 72.719572, "activity_lines": [ 15.103333, 14.598727, 14.157476, 13.864172 ] }, { "date": "2026-01-30", "close": 15.04, "volume": 72762241, "typical_volume": 88095474.35, "trend": 13.561667, "fair_value": 13.60035, "relative_strength": -0.506512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.135106, "energy": 61.721818, "activity_lines": [ 15.154667, 14.757273, 14.267524, 13.964151 ] }, { "date": "2026-02-06", "close": 15.37, "volume": 81911264, "typical_volume": 86571894.05, "trend": 13.643667, "fair_value": 13.595411, "relative_strength": 3.041273, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.486145, "energy": 50.791462, "activity_lines": [ 15.248, 14.943091, 14.399524, 14.080817 ] }, { "date": "2026-02-13", "close": 13.93, "volume": 74182408, "typical_volume": 86927596.65, "trend": 13.688333, "fair_value": 13.589209, "relative_strength": -6.809174, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.892668, "energy": 31.877553, "activity_lines": [ 14.828667, 14.82, 14.385667, 14.09929 ] }, { "date": "2026-02-27", "close": 13.98, "volume": 53856788, "typical_volume": 88253179.3, "trend": 13.721667, "fair_value": 13.580629, "relative_strength": -8.147022, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.776078, "energy": 15.805911, "activity_lines": [ 14.501333, 14.699818, 14.375, 14.118108 ] }, { "date": "2026-03-06", "close": 12.88, "volume": 119417737, "typical_volume": 92546289.55, "trend": 13.741333, "fair_value": 13.554018, "relative_strength": -14.222613, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.644138, "energy": 14.868946, "activity_lines": [ 13.859333, 14.371636, 14.257762, 14.063806 ] }, { "date": "2026-03-13", "close": 12.01, "volume": 181144293, "typical_volume": 96049344.4, "trend": 13.724333, "fair_value": 13.523148, "relative_strength": -18.998206, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.967717, "energy": 40.141586, "activity_lines": [ 13.116, 13.907455, 14.061048, 13.952108 ] }, { "date": "2026-03-20", "close": 11.39, "volume": 117148163, "typical_volume": 97424238.95, "trend": 13.677, "fair_value": 13.484665, "relative_strength": -20.105478, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.535323, "energy": 65.482809, "activity_lines": [ 12.368, 13.367091, 13.815238, 13.801505 ] }, { "date": "2026-03-27", "close": 12.0, "volume": 158839783, "typical_volume": 100004202.55, "trend": 13.654, "fair_value": 13.452726, "relative_strength": -14.591023, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.100667, "energy": 67.061199, "activity_lines": [ 12.088667, 13.001091, 13.637905, 13.693312 ] }, { "date": "2026-04-03", "close": 12.08, "volume": 101487848, "typical_volume": 101872033.55, "trend": 13.636667, "fair_value": 13.420485, "relative_strength": -12.886549, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.852786, "energy": 75.056722, "activity_lines": [ 11.964667, 12.705273, 13.472714, 13.591763 ] }, { "date": "2026-04-10", "close": 12.08119, "volume": 88659797, "typical_volume": 98973196.3, "trend": 13.61504, "fair_value": 13.394464, "relative_strength": -14.787773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.395701, "energy": 66.905429, "activity_lines": [ 11.96773, 12.458398, 13.313113, 13.49141 ] }, { "date": "2026-04-17", "close": 11.786766, "volume": 68037312, "typical_volume": 96529358.8, "trend": 13.572932, "fair_value": 13.357206, "relative_strength": -17.744076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.624987, "energy": 48.418032, "activity_lines": [ 11.925906, 12.22397, 13.138323, 13.373457 ] }, { "date": "2026-04-24", "close": 11.619925, "volume": 66071950, "typical_volume": 92229467.5, "trend": 13.508929, "fair_value": 13.309341, "relative_strength": -18.995296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.253747, "energy": 48.167185, "activity_lines": [ 11.843351, 12.018358, 12.954564, 13.247457 ] }, { "date": "2026-05-01", "close": 11.227361, "volume": 60891509, "typical_volume": 90748579.25, "trend": 13.429841, "fair_value": 13.263603, "relative_strength": -21.887876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.998658, "energy": 54.160931, "activity_lines": [ 11.614612, 11.809553, 12.738942, 13.100259 ] }, { "date": "2026-05-08", "close": 11.561041, "volume": 71459727, "typical_volume": 90615035.5, "trend": 13.361876, "fair_value": 13.223894, "relative_strength": -20.438171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.879047, "energy": 53.10845, "activity_lines": [ 11.54861, 11.710556, 12.566349, 12.979691 ] }, { "date": "2026-05-15", "close": 11.031078, "volume": 108008157, "typical_volume": 91474390.1, "trend": 13.276579, "fair_value": 13.182106, "relative_strength": -22.791351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.702924, "energy": 65.916773, "activity_lines": [ 11.34055, 11.559183, 12.352708, 12.829317 ] }, { "date": "2026-05-22", "close": 11.227361, "volume": 134603327, "typical_volume": 94134937.85, "trend": 13.180824, "fair_value": 13.141513, "relative_strength": -20.464308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.31676, "energy": 63.357871, "activity_lines": [ 11.267926, 11.477115, 12.172374, 12.697109 ] }, { "date": "2026-05-29", "close": 11.67881, "volume": 135226910, "typical_volume": 96656811.95, "trend": 13.117784, "fair_value": 13.112535, "relative_strength": -15.849042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.249155, "energy": 44.990807, "activity_lines": [ 11.383078, 11.491358, 12.048333, 12.600205 ] }, { "date": "2026-06-05", "close": 10.697397, "volume": 20399755, "typical_volume": 92771046.7, "trend": 13.042698, "fair_value": 13.076953, "relative_strength": -21.487359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.447531, "energy": 53.807886, "activity_lines": [ 11.167167, 11.321911, 11.846069, 12.444051 ] }, { "date": "2026-06-12", "close": 11.35, "volume": 48179101, "typical_volume": 91370022.75, "trend": 12.980031, "fair_value": 13.050887, "relative_strength": -16.169066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.549559, "energy": 44.21858, "activity_lines": [ 11.204121, 11.294804, 11.726731, 12.334845 ] }, { "date": "2026-06-19", "close": 10.86, "volume": 115812899, "typical_volume": 93905048.45, "trend": 12.849364, "fair_value": 13.024441, "relative_strength": -20.323818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.411649, "energy": 45.518461, "activity_lines": [ 11.091811, 11.191878, 11.576965, 12.198068 ] }, { "date": "2026-06-26", "close": 10.68, "volume": 27130263, "typical_volume": 91623449.55, "trend": 12.764031, "fair_value": 12.995147, "relative_strength": -19.833395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.156782, "energy": 56.845747, "activity_lines": [ 10.930907, 11.078428, 11.433151, 12.058109 ] }, { "date": "2026-07-03", "close": 10.42, "volume": 15067651, "typical_volume": 88281268.9, "trend": 12.685364, "fair_value": 12.961363, "relative_strength": -21.451562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.617616, "energy": 61.492589, "activity_lines": [ 10.719826, 10.937828, 11.285337, 11.906882 ] }, { "date": "2026-07-10", "close": 10.28, "volume": 108564367, "typical_volume": 90000366.85, "trend": 12.575031, "fair_value": 12.925866, "relative_strength": -21.057414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.647085, "energy": 71.079628, "activity_lines": [ 10.546, 10.793591, 11.147761, 11.751697 ] }, { "date": "2026-07-17", "close": 10.3, "volume": 99090561, "typical_volume": 92262055.5, "trend": 12.467031, "fair_value": 12.895077, "relative_strength": -15.559477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.591579, "energy": 71.232242, "activity_lines": [ 10.406667, 10.670215, 11.029471, 11.604921 ] }, { "date": "2026-07-24", "close": 10.49, "volume": 90986268, "typical_volume": 90840482.05, "trend": 12.346698, "fair_value": 12.853522, "relative_strength": -14.719304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.83569, "energy": 54.53934, "activity_lines": [ 10.400667, 10.604312, 10.9468, 11.47737 ] }, { "date": "2026-07-31", "close": 11.07, "volume": 101051263, "typical_volume": 86835830.55, "trend": 12.248364, "fair_value": 12.820328, "relative_strength": -10.040278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.109436, "energy": 40.961944, "activity_lines": [ 10.612667, 10.653702, 10.930748, 11.395003 ] }, { "date": "2026-08-07", "close": 11.06, "volume": 71611631, "typical_volume": 84559003.95, "trend": 12.121031, "fair_value": 12.783933, "relative_strength": -12.240948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.580012, "energy": 27.23379, "activity_lines": [ 10.795333, 10.704134, 10.918219, 11.318334 ] } ], "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." } } }