{ "ticker": { "uuid": "9e45de13-388a-4df9-b918-49169b421220", "symbol": "600839", "name": "Sichuan Changhong Electric 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": -48.259, "architecture_energy": 47.666, "architecture_maturity": 100.0, "architecture_confidence": 61.388, "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": 26.3, "rotation_up": 27.41, "upward_expansion": 20.55, "deceleration": 66.54, "rotation_down": 38.06, "downward_expansion": 65.88 }, "activity_lines": [ 6.788934, 6.756508, 7.201171, 7.711492 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 6.85, "trend_reference": 8.410226, "distance_from_trend": -0.185515, "trend_direction": "Weakening", "fair_value": 7.816405, "distance_from_fair_value": -0.123638, "fair_value_direction": "Weakening", "relative_strength": -24.486363, "relative_strength_direction": "Weakening", "price_momentum": -0.298156, "excess_performance": -0.254952, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.185515, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.095772, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.123638, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.279327, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.244864, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.057741, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.298156, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.67675, "read": "Supply-led" } ], "volume": { "latest": 387074029, "relative_activity": 1.018178, "balance": 0.67675, "dry_up": 1.639193, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.07568, "annualized_volatility": 0.324339, "from_high_reference": -0.464844, "from_low_reference": 0.077044 }, "levels": { "trend_reference": 8.410226, "fair_value_reference": 7.816405, "structural_low": 6.36, "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": 18, "median_return": 0.04016, "positive_rate": 0.611111, "directional_follow_through": 0.388889, "median_excess_return": -0.005077, "regime_survival": 0.666667, "best_return": 0.191027, "worst_return": -0.176201, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.0, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": 0.007135, "regime_survival": 0.142857, "best_return": 0.558053, "worst_return": -0.196318, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.01777, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.013568, "regime_survival": 0.6, "best_return": 1.243203, "worst_return": -0.283784, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.558113, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.516541, "regime_survival": 0.333333, "best_return": 1.038315, "worst_return": -0.307535, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-18", "tenure": "New", "return": 0.510242, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2024-12-13", "tenure": "Developing", "return": -0.056, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2025-02-14", "tenure": "Developing", "return": 0.191149, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.125616, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-06-13", "tenure": "Developing", "return": -0.035, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-20", "end": "2025-08-08", "tenure": "Developing", "return": 0.070273, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-08-15", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-26", "tenure": "Developing", "return": -0.122381, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-11-21", "tenure": "Developing", "return": -0.086915, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": -0.057082, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.148649, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": -0.131579, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-27", "tenure": "Developing", "return": -0.101852, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.189349, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 4.089035, "volume": 542332126, "typical_volume": 1541328549.9, "trend": 3.802769, "fair_value": 2.97181, "relative_strength": 20.324249, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.911873, "energy": 22.180679, "activity_lines": [ 4.273805, 4.485961, 4.413638, 4.183036 ] }, { "date": "2023-08-04", "close": 4.264697, "volume": 588122054, "typical_volume": 1557436346.45, "trend": 3.859046, "fair_value": 2.980935, "relative_strength": 24.118821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.93285, "energy": 22.856731, "activity_lines": [ 4.221757, 4.436633, 4.41164, 4.212838 ] }, { "date": "2023-08-11", "close": 3.981684, "volume": 462176331, "typical_volume": 1540716683.0, "trend": 3.904914, "fair_value": 2.988616, "relative_strength": 18.698777, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.300313, "energy": 18.592845, "activity_lines": [ 4.119612, 4.33301, 4.376693, 4.22075 ] }, { "date": "2023-08-18", "close": 3.90284, "volume": 356160386, "typical_volume": 1385865694.05, "trend": 3.947177, "fair_value": 2.995051, "relative_strength": 17.65041, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.598524, "energy": 21.126214, "activity_lines": [ 4.034777, 4.222149, 4.332193, 4.220616 ] }, { "date": "2023-08-25", "close": 3.745149, "volume": 419152957, "typical_volume": 1273388568.95, "trend": 3.980281, "fair_value": 3.000166, "relative_strength": 14.645233, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.777089, "energy": 38.879988, "activity_lines": [ 3.926706, 4.100197, 4.275977, 4.207582 ] }, { "date": "2023-09-01", "close": 3.922551, "volume": 669284086, "typical_volume": 1193532719.15, "trend": 4.017996, "fair_value": 3.005554, "relative_strength": 16.593379, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.597206, "energy": 41.657866, "activity_lines": [ 3.901996, 4.031302, 4.24113, 4.203857 ] }, { "date": "2023-09-08", "close": 4.011252, "volume": 842233166, "typical_volume": 1121856024.6, "trend": 4.055741, "fair_value": 3.011392, "relative_strength": 18.919485, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.041408, "energy": 35.846475, "activity_lines": [ 3.917952, 3.998418, 4.215383, 4.203422 ] }, { "date": "2023-09-15", "close": 4.444901, "volume": 2071837071, "typical_volume": 1149075308.95, "trend": 4.105338, "fair_value": 3.020257, "relative_strength": 30.401882, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 10.367002, "energy": 11.014232, "activity_lines": [ 4.095354, 4.061054, 4.232143, 4.228529 ] }, { "date": "2023-09-22", "close": 4.770138, "volume": 1918789517, "typical_volume": 1224988959.05, "trend": 4.162849, "fair_value": 3.031764, "relative_strength": 37.628482, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.466832, "energy": 32.319556, "activity_lines": [ 4.350287, 4.186289, 4.27758, 4.27142 ] }, { "date": "2023-09-29", "close": 4.444901, "volume": 1133084520, "typical_volume": 1191743375.65, "trend": 4.205614, "fair_value": 3.041496, "relative_strength": 27.799381, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.730769, "energy": 30.256888, "activity_lines": [ 4.438988, 4.24462, 4.287961, 4.289617 ] }, { "date": "2023-10-13", "close": 5.203786, "volume": 2340841879, "typical_volume": 1210480453.2, "trend": 4.280182, "fair_value": 3.056154, "relative_strength": 48.529269, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 81.293856, "energy": 62.23171, "activity_lines": [ 4.734, 4.434815, 4.369341, 4.354015 ] }, { "date": "2023-10-20", "close": 6.583578, "volume": 4877452440, "typical_volume": 1395060355.7, "trend": 4.399442, "fair_value": 3.080462, "relative_strength": 90.11004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.60934, "energy": 90.901275, "activity_lines": [ 5.403528, 4.855613, 4.577054, 4.502621 ] }, { "date": "2023-10-27", "close": 6.130218, "volume": 4192412310, "typical_volume": 1517121915.7, "trend": 4.485373, "fair_value": 3.101988, "relative_strength": 71.635859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.599569, "energy": 89.027354, "activity_lines": [ 5.750447, 5.15182, 4.729804, 4.614284 ] }, { "date": "2023-11-03", "close": 5.430467, "volume": 2081707071, "typical_volume": 1518699781.85, "trend": 4.513172, "fair_value": 3.118719, "relative_strength": 49.127131, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.57447, "energy": 81.147048, "activity_lines": [ 5.751761, 5.281736, 4.807538, 4.675258 ] }, { "date": "2023-11-10", "close": 6.218918, "volume": 3474627653, "typical_volume": 1574554706.7, "trend": 4.564325, "fair_value": 3.140504, "relative_strength": 67.1637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.595716, "energy": 81.865098, "activity_lines": [ 5.97187, 5.527231, 4.957694, 4.785306 ] }, { "date": "2023-11-17", "close": 6.287909, "volume": 2267563169, "typical_volume": 1628003634.45, "trend": 4.638597, "fair_value": 3.16335, "relative_strength": 65.061123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.390612, "energy": 59.243734, "activity_lines": [ 6.096709, 5.740292, 5.108088, 4.896505 ] }, { "date": "2023-11-24", "close": 5.814837, "volume": 1441247212, "typical_volume": 1611185159.3, "trend": 4.690268, "fair_value": 3.183721, "relative_strength": 50.903403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.074245, "energy": 48.599152, "activity_lines": [ 5.991582, 5.824334, 5.207371, 4.972391 ] }, { "date": "2023-12-01", "close": 5.873971, "volume": 983428215, "typical_volume": 1600334482.9, "trend": 4.753995, "fair_value": 3.203605, "relative_strength": 50.461694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.012513, "energy": 45.944738, "activity_lines": [ 5.957416, 5.886335, 5.308065, 5.048759 ] }, { "date": "2023-12-08", "close": 5.440322, "volume": 952702347, "typical_volume": 1605430925.05, "trend": 4.804893, "fair_value": 3.220894, "relative_strength": 40.242125, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.152122, "energy": 32.085259, "activity_lines": [ 5.795783, 5.843508, 5.361561, 5.093038 ] }, { "date": "2023-12-15", "close": 5.341765, "volume": 634107930, "typical_volume": 1612463122.0, "trend": 4.843723, "fair_value": 3.237118, "relative_strength": 37.043176, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.509627, "energy": 21.455451, "activity_lines": [ 5.600641, 5.770576, 5.400445, 5.127675 ] }, { "date": "2023-12-22", "close": 5.105229, "volume": 518971052, "typical_volume": 1611295068.3, "trend": 4.87597, "fair_value": 3.25195, "relative_strength": 30.507565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.135693, "energy": 20.473285, "activity_lines": [ 5.38513, 5.638331, 5.410929, 5.144547 ] }, { "date": "2023-12-29", "close": 5.213642, "volume": 562391186, "typical_volume": 1610008524.9, "trend": 4.912806, "fair_value": 3.267043, "relative_strength": 28.900179, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.495623, "energy": 21.266692, "activity_lines": [ 5.284602, 5.527589, 5.4269, 5.166332 ] }, { "date": "2024-01-05", "close": 4.927828, "volume": 410576781, "typical_volume": 1607428547.4, "trend": 4.931332, "fair_value": 3.279994, "relative_strength": 22.301024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.765571, "energy": 14.768972, "activity_lines": [ 5.128883, 5.389789, 5.41113, 5.167301 ] }, { "date": "2024-01-12", "close": 4.770138, "volume": 459607561, "typical_volume": 1612600906.15, "trend": 4.928012, "fair_value": 3.292554, "relative_strength": 18.960716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.647738, "energy": 18.67103, "activity_lines": [ 4.983677, 5.24518, 5.375838, 5.156901 ] }, { "date": "2024-01-19", "close": 4.592735, "volume": 393911614, "typical_volume": 1611338839.0, "trend": 4.918127, "fair_value": 3.304472, "relative_strength": 15.277415, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.784224, "energy": 43.787731, "activity_lines": [ 4.824015, 5.080322, 5.31952, 5.135271 ] }, { "date": "2024-01-26", "close": 4.612447, "volume": 598755521, "typical_volume": 1607812410.75, "trend": 4.90467, "fair_value": 3.316083, "relative_strength": 11.512426, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.543179, "energy": 54.848366, "activity_lines": [ 4.720859, 4.948614, 5.261043, 5.115549 ] }, { "date": "2024-02-02", "close": 4.021107, "volume": 497824919, "typical_volume": 1590591998.4, "trend": 4.87443, "fair_value": 3.324646, "relative_strength": 2.752196, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.865992, "energy": 68.144383, "activity_lines": [ 4.453442, 4.739854, 5.142963, 5.058545 ] }, { "date": "2024-02-09", "close": 4.336488, "volume": 736851791, "typical_volume": 1523842734.4, "trend": 4.864462, "fair_value": 3.335293, "relative_strength": 4.638785, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.558462, "energy": 64.77377, "activity_lines": [ 4.370654, 4.621048, 5.054872, 5.023839 ] }, { "date": "2024-02-23", "close": 4.701148, "volume": 1277029093, "typical_volume": 1491754713.2, "trend": 4.876408, "fair_value": 3.348525, "relative_strength": 7.219519, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.737332, "energy": 55.100449, "activity_lines": [ 4.448843, 4.596499, 5.002027, 5.013303 ] }, { "date": "2024-03-01", "close": 5.174219, "volume": 1832078809, "typical_volume": 1526704427.65, "trend": 4.91193, "fair_value": 3.365718, "relative_strength": 15.935405, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.020465, "energy": 22.183801, "activity_lines": [ 4.689321, 4.671401, 4.994565, 5.032517 ] }, { "date": "2024-03-08", "close": 5.450178, "volume": 2257595362, "typical_volume": 1522542101.8, "trend": 4.957301, "fair_value": 3.385857, "relative_strength": 20.0149, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 14.066085, "energy": 17.190226, "activity_lines": [ 4.98302, 4.799525, 5.009911, 5.067242 ] }, { "date": "2024-03-15", "close": 6.002094, "volume": 1871107262, "typical_volume": 1372224842.9, "trend": 5.015215, "fair_value": 3.409038, "relative_strength": 30.092353, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 55.282383, "energy": 45.31219, "activity_lines": [ 5.404842, 5.021725, 5.076648, 5.134648 ] }, { "date": "2024-03-22", "close": 5.71628, "volume": 1865246442, "typical_volume": 1255866549.5, "trend": 5.073035, "fair_value": 3.429521, "relative_strength": 22.671238, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 53.905353, "energy": 47.809267, "activity_lines": [ 5.599326, 5.177624, 5.118934, 5.179878 ] }, { "date": "2024-03-29", "close": 5.400899, "volume": 959860100, "typical_volume": 1199774200.95, "trend": 5.12297, "fair_value": 3.448043, "relative_strength": 14.934207, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 49.456983, "energy": 46.047756, "activity_lines": [ 5.596698, 5.261845, 5.133154, 5.201031 ] }, { "date": "2024-04-05", "close": 5.233353, "volume": 541898436, "typical_volume": 1053137740.1, "trend": 5.172577, "fair_value": 3.464625, "relative_strength": 9.506778, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.587666, "energy": 35.098201, "activity_lines": [ 5.491571, 5.304135, 5.131558, 5.208152 ] }, { "date": "2024-04-12", "close": 5.065807, "volume": 702764056, "typical_volume": 974897784.45, "trend": 5.210685, "fair_value": 3.480628, "relative_strength": 7.387486, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.319839, "energy": 10.217033, "activity_lines": [ 5.326653, 5.304314, 5.118699, 5.201264 ] }, { "date": "2024-04-19", "close": 5.085518, "volume": 998795925, "typical_volume": 952775220.1, "trend": 5.246494, "fair_value": 3.497005, "relative_strength": 5.867416, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.007813, "energy": 9.587175, "activity_lines": [ 5.19393, 5.299834, 5.113536, 5.193189 ] }, { "date": "2024-04-26", "close": 5.26292, "volume": 754406623, "typical_volume": 941324140.5, "trend": 5.273761, "fair_value": 3.514333, "relative_strength": 8.084332, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.114133, "energy": 11.139147, "activity_lines": [ 5.181447, 5.308256, 5.128742, 5.194248 ] }, { "date": "2024-05-03", "close": 5.499455, "volume": 561031112, "typical_volume": 921740578.75, "trend": 5.298072, "fair_value": 3.533426, "relative_strength": 11.699909, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.966329, "energy": 4.791691, "activity_lines": [ 5.278032, 5.34284, 5.169385, 5.208809 ] }, { "date": "2024-05-10", "close": 5.361477, "volume": 925875680, "typical_volume": 936328966.25, "trend": 5.328624, "fair_value": 3.551572, "relative_strength": 6.525541, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.070643, "energy": 5.036949, "activity_lines": [ 5.322054, 5.337823, 5.196605, 5.2129 ] }, { "date": "2024-05-17", "close": 5.174219, "volume": 534368074, "typical_volume": 937098817.35, "trend": 5.327639, "fair_value": 3.568517, "relative_strength": 2.246537, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.070438, "energy": 10.232565, "activity_lines": [ 5.295115, 5.295354, 5.205898, 5.202938 ] }, { "date": "2024-05-24", "close": 4.947539, "volume": 454381026, "typical_volume": 931698309.35, "trend": 5.273104, "fair_value": 3.584134, "relative_strength": -0.558339, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.013184, "energy": 11.801751, "activity_lines": [ 5.185389, 5.216688, 5.193273, 5.178416 ] }, { "date": "2024-05-31", "close": 4.848983, "volume": 360093054, "typical_volume": 929174123.0, "trend": 5.230396, "fair_value": 3.599428, "relative_strength": -2.834689, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.821515, "energy": 25.676988, "activity_lines": [ 5.052009, 5.139276, 5.17253, 5.151053 ] }, { "date": "2024-06-07", "close": 4.622303, "volume": 388880927, "typical_volume": 925637791.3, "trend": 5.203458, "fair_value": 3.613145, "relative_strength": -6.560567, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.435228, "energy": 52.409179, "activity_lines": [ 4.870665, 5.036419, 5.130573, 5.111821 ] }, { "date": "2024-06-14", "close": 4.711004, "volume": 280165019, "typical_volume": 919950461.55, "trend": 5.153194, "fair_value": 3.62514, "relative_strength": -4.408606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.371517, "energy": 60.724689, "activity_lines": [ 4.777365, 4.963846, 5.097768, 5.08005 ] }, { "date": "2024-06-21", "close": 4.553313, "volume": 337727688, "typical_volume": 906899069.9, "trend": 5.095374, "fair_value": 3.637301, "relative_strength": -6.558259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.8342, "energy": 69.603382, "activity_lines": [ 4.674866, 4.872099, 5.049381, 5.041348 ] }, { "date": "2024-06-28", "close": 4.425189, "volume": 401410563, "typical_volume": 902078352.1, "trend": 5.049052, "fair_value": 3.648578, "relative_strength": -8.244384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.986786, "energy": 77.699178, "activity_lines": [ 4.571053, 4.766374, 4.989074, 4.99811 ] }, { "date": "2024-07-05", "close": 4.277355, "volume": 239634269, "typical_volume": 877217476.0, "trend": 4.995832, "fair_value": 3.658784, "relative_strength": -10.659097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.387917, "energy": 81.582662, "activity_lines": [ 4.452785, 4.645777, 4.912763, 4.948323 ] }, { "date": "2024-07-12", "close": 4.385767, "volume": 339418154, "typical_volume": 830336929.05, "trend": 4.96068, "fair_value": 3.66888, "relative_strength": -8.985281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.749176, "energy": 77.920384, "activity_lines": [ 4.408763, 4.56281, 4.847058, 4.908964 ] }, { "date": "2024-07-19", "close": 4.277355, "volume": 240862534, "typical_volume": 750776115.3, "trend": 4.9252, "fair_value": 3.677786, "relative_strength": -11.546225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.528943, "energy": 82.758198, "activity_lines": [ 4.344373, 4.480381, 4.772531, 4.864879 ] }, { "date": "2024-07-26", "close": 4.208365, "volume": 355753415, "typical_volume": 655684017.95, "trend": 4.895304, "fair_value": 3.686744, "relative_strength": -10.342717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.620941, "energy": 83.012968, "activity_lines": [ 4.285896, 4.40512, 4.695704, 4.818631 ] }, { "date": "2024-08-02", "close": 4.385767, "volume": 460451250, "typical_volume": 585151217.35, "trend": 4.867708, "fair_value": 3.697459, "relative_strength": -7.261152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.799844, "energy": 64.938736, "activity_lines": [ 4.30955, 4.379674, 4.641685, 4.785758 ] }, { "date": "2024-08-09", "close": 4.188654, "volume": 321206942, "typical_volume": 507949242.35, "trend": 4.843069, "fair_value": 3.706911, "relative_strength": -10.322139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.968289, "energy": 65.702102, "activity_lines": [ 4.270127, 4.328604, 4.576591, 4.741948 ] }, { "date": "2024-08-16", "close": 4.198509, "volume": 293724349, "typical_volume": 474642454.8, "trend": 4.824015, "fair_value": 3.716302, "relative_strength": -10.818503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.938979, "energy": 56.73927, "activity_lines": [ 4.239903, 4.291332, 4.51971, 4.700364 ] }, { "date": "2024-08-23", "close": 4.96725, "volume": 2008103590, "typical_volume": 547952712.5, "trend": 4.836499, "fair_value": 3.730682, "relative_strength": 5.82481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.162655, "energy": 19.054398, "activity_lines": [ 4.47841, 4.401536, 4.541768, 4.709605 ] }, { "date": "2024-08-30", "close": 4.96725, "volume": 1909142636, "typical_volume": 608271641.5, "trend": 4.848326, "fair_value": 3.746118, "relative_strength": 5.657641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.901391, "energy": 17.363493, "activity_lines": [ 4.670923, 4.507081, 4.565093, 4.71804 ] }, { "date": "2024-09-06", "close": 4.937684, "volume": 1429533970, "typical_volume": 629808543.75, "trend": 4.878878, "fair_value": 3.76068, "relative_strength": 7.22839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.511925, "energy": 21.879117, "activity_lines": [ 4.802989, 4.599724, 4.586071, 4.723805 ] }, { "date": "2024-09-13", "close": 4.651869, "volume": 925561791, "typical_volume": 638366302.15, "trend": 4.889391, "fair_value": 3.772478, "relative_strength": 2.771181, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.867508, "energy": 24.306321, "activity_lines": [ 4.802989, 4.631083, 4.580533, 4.709159 ] }, { "date": "2024-09-20", "close": 4.977106, "volume": 624805364, "typical_volume": 641555014.75, "trend": 4.898589, "fair_value": 3.786734, "relative_strength": 7.982288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.153187, "energy": 22.391581, "activity_lines": [ 4.880521, 4.714766, 4.60888, 4.714819 ] }, { "date": "2024-09-27", "close": 5.343573, "volume": 1230811756, "typical_volume": 656801818.55, "trend": 4.904235, "fair_value": 3.803214, "relative_strength": 2.40747, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.509153, "energy": 45.541716, "activity_lines": [ 5.028301, 4.854329, 4.674616, 4.743527 ] }, { "date": "2024-10-04", "close": 5.880915, "volume": 481040450, "typical_volume": 654135437.35, "trend": 4.918592, "fair_value": 3.822332, "relative_strength": 4.011594, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.8471, "energy": 64.998715, "activity_lines": [ 5.330107, 5.072204, 4.791612, 4.806539 ] }, { "date": "2024-10-11", "close": 5.632145, "volume": 1640582556, "typical_volume": 713445513.85, "trend": 4.906261, "fair_value": 3.839419, "relative_strength": 2.912933, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.385319, "energy": 65.099434, "activity_lines": [ 5.488079, 5.214438, 4.881551, 4.852574 ] }, { "date": "2024-10-18", "close": 8.070088, "volume": 3301340354, "typical_volume": 860507878.85, "trend": 4.984721, "fair_value": 3.872383, "relative_strength": 44.191997, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 96.319472, "energy": 95.356688, "activity_lines": [ 6.412401, 5.777273, 5.200415, 5.056692 ] }, { "date": "2024-10-25", "close": 11.194635, "volume": 4214197872, "typical_volume": 1051773726.1, "trend": 5.177846, "fair_value": 3.925065, "relative_strength": 95.115403, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.396165, "energy": 99.323897, "activity_lines": [ 8.150358, 6.837636, 5.801516, 5.457332 ] }, { "date": "2024-11-01", "close": 14.757018, "volume": 3735177032, "typical_volume": 1224524326.75, "trend": 5.495301, "fair_value": 4.001764, "relative_strength": 152.46077, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.282442, "energy": 99.463128, "activity_lines": [ 10.661273, 8.418502, 6.710595, 6.075343 ] }, { "date": "2024-11-08", "close": 13.373857, "volume": 5142289833, "typical_volume": 1464752434.0, "trend": 5.772236, "fair_value": 4.069348, "relative_strength": 112.09587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.812904, "energy": 95.207981, "activity_lines": [ 12.083572, 9.569889, 7.440106, 6.583637 ] }, { "date": "2024-11-15", "close": 13.164891, "volume": 3074770121, "typical_volume": 1598420411.9, "trend": 6.041549, "fair_value": 4.136338, "relative_strength": 112.144702, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.024492, "energy": 90.219675, "activity_lines": [ 12.936686, 10.530435, 8.107713, 7.060582 ] }, { "date": "2024-11-22", "close": 12.050404, "volume": 3566022123, "typical_volume": 1764739804.6, "trend": 6.267798, "fair_value": 4.196433, "relative_strength": 94.686764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.312255, "energy": 68.389128, "activity_lines": [ 12.916122, 11.138761, 8.627561, 7.448251 ] }, { "date": "2024-11-29", "close": 10.756802, "volume": 2177814081, "typical_volume": 1856659600.95, "trend": 6.443043, "fair_value": 4.248484, "relative_strength": 68.431586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.466581, "energy": 64.610684, "activity_lines": [ 12.199002, 11.377368, 8.987194, 7.737864 ] }, { "date": "2024-12-06", "close": 11.065275, "volume": 2095436296, "typical_volume": 1949388289.05, "trend": 6.633169, "fair_value": 4.301953, "relative_strength": 67.113089, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.076451, "energy": 53.477777, "activity_lines": [ 11.613896, 11.566976, 9.345867, 8.036072 ] }, { "date": "2024-12-13", "close": 10.567736, "volume": 1486895106, "typical_volume": 2005945373.6, "trend": 6.812953, "fair_value": 4.351859, "relative_strength": 58.165838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.929004, "energy": 37.839792, "activity_lines": [ 11.109059, 11.562091, 9.624832, 8.289915 ] }, { "date": "2024-12-20", "close": 10.567736, "volume": 1467093547, "typical_volume": 2056277488.45, "trend": 7.000293, "fair_value": 4.401145, "relative_strength": 57.253933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.179852, "energy": 29.421106, "activity_lines": [ 10.791297, 11.471991, 9.873514, 8.532159 ] }, { "date": "2024-12-27", "close": 10.726949, "volume": 2236764192, "typical_volume": 2152055350.95, "trend": 7.196225, "fair_value": 4.451823, "relative_strength": 56.007284, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.70639, "energy": 26.793691, "activity_lines": [ 10.69975, 11.321101, 10.107922, 8.772589 ] }, { "date": "2025-01-03", "close": 8.766644, "volume": 1244349394, "typical_volume": 2199586603.2, "trend": 7.33437, "fair_value": 4.489314, "relative_strength": 33.746695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.135098, "energy": 20.9696, "activity_lines": [ 10.042998, 10.765485, 10.124499, 8.873906 ] }, { "date": "2025-01-10", "close": 8.478071, "volume": 1052629955, "typical_volume": 2151812921.45, "trend": 7.459939, "fair_value": 4.523464, "relative_strength": 29.879976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.250686, "energy": 18.347838, "activity_lines": [ 9.422732, 10.201547, 10.09184, 8.947693 ] }, { "date": "2025-01-17", "close": 8.955709, "volume": 1109257175, "typical_volume": 2111818648.4, "trend": 7.606686, "fair_value": 4.561111, "relative_strength": 32.723173, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.784909, "energy": 16.535979, "activity_lines": [ 9.13416, 9.838615, 10.087952, 9.044194 ] }, { "date": "2025-01-24", "close": 8.945758, "volume": 893775757, "typical_volume": 2085030737.75, "trend": 7.757371, "fair_value": 4.598446, "relative_strength": 30.771518, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.149355, "energy": 19.158069, "activity_lines": [ 8.949738, 9.554203, 10.064124, 9.130586 ] }, { "date": "2025-01-31", "close": 8.557677, "volume": 188037755, "typical_volume": 2048154535.95, "trend": 7.900049, "fair_value": 4.632733, "relative_strength": 23.988531, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.966285, "energy": 27.593216, "activity_lines": [ 8.744089, 9.275943, 9.984249, 9.182219 ] }, { "date": "2025-02-07", "close": 10.468229, "volume": 1662257559, "typical_volume": 2100027145.7, "trend": 8.102797, "fair_value": 4.67877, "relative_strength": 46.976056, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 14.07363, "energy": 15.702054, "activity_lines": [ 9.319908, 9.40856, 10.067733, 9.347908 ] }, { "date": "2025-02-14", "close": 12.587746, "volume": 4510798763, "typical_volume": 2264026496.05, "trend": 8.37981, "fair_value": 4.738829, "relative_strength": 71.031054, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 59.289613, "energy": 44.589106, "activity_lines": [ 10.488793, 9.931791, 10.326927, 9.637259 ] }, { "date": "2025-02-21", "close": 12.120059, "volume": 2922803441, "typical_volume": 2386114645.6, "trend": 8.643534, "fair_value": 4.796636, "relative_strength": 60.26401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.748055, "energy": 65.081276, "activity_lines": [ 11.227805, 10.342306, 10.507084, 9.878566 ] }, { "date": "2025-02-28", "close": 11.214538, "volume": 2259652708, "typical_volume": 2417068153.2, "trend": 8.871159, "fair_value": 4.849508, "relative_strength": 48.758222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.223148, "energy": 54.033692, "activity_lines": [ 11.45402, 10.559957, 10.57129, 10.044437 ] }, { "date": "2025-03-07", "close": 11.264291, "volume": 1397959741, "typical_volume": 2321899122.55, "trend": 9.107014, "fair_value": 4.901581, "relative_strength": 45.222185, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.523134, "energy": 64.138392, "activity_lines": [ 11.545567, 10.774894, 10.613652, 10.198833 ] }, { "date": "2025-03-14", "close": 11.353848, "volume": 1130729822, "typical_volume": 2167725720.05, "trend": 9.345525, "fair_value": 4.954476, "relative_strength": 42.746508, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.385301, "energy": 52.440337, "activity_lines": [ 11.486525, 10.996344, 10.649333, 10.34379 ] }, { "date": "2025-03-21", "close": 11.075227, "volume": 1930609944, "typical_volume": 2077497365.65, "trend": 9.549124, "fair_value": 5.00633, "relative_strength": 39.870845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.481165, "energy": 31.583247, "activity_lines": [ 11.275569, 11.120095, 10.65772, 10.455383 ] }, { "date": "2025-03-28", "close": 10.597589, "volume": 711035789, "typical_volume": 1855934663.45, "trend": 9.736802, "fair_value": 5.055248, "relative_strength": 32.873462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.321861, "energy": 20.438253, "activity_lines": [ 11.006234, 11.109783, 10.63815, 10.523026 ] }, { "date": "2025-04-04", "close": 9.950788, "volume": 437587171, "typical_volume": 1724075515.95, "trend": 9.903906, "fair_value": 5.10064, "relative_strength": 23.837675, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.526953, "energy": 11.650923, "activity_lines": [ 10.622798, 10.952018, 10.5702, 10.536832 ] }, { "date": "2025-04-11", "close": 9.692067, "volume": 1108872081, "typical_volume": 1601218013.85, "trend": 10.071912, "fair_value": 5.14481, "relative_strength": 23.187574, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.00328, "energy": 12.196429, "activity_lines": [ 10.23737, 10.728939, 10.492916, 10.523165 ] }, { "date": "2025-04-18", "close": 9.821427, "volume": 802246124, "typical_volume": 1532439616.0, "trend": 10.23339, "fair_value": 5.189932, "relative_strength": 22.071913, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.060549, "energy": 20.690883, "activity_lines": [ 9.999878, 10.508755, 10.439182, 10.507004 ] }, { "date": "2025-04-25", "close": 9.811476, "volume": 695958845, "typical_volume": 1462465743.45, "trend": 10.38232, "fair_value": 5.234556, "relative_strength": 20.072064, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.237816, "energy": 28.046341, "activity_lines": [ 9.86123, 10.298522, 10.388954, 10.479784 ] }, { "date": "2025-05-02", "close": 10.448327, "volume": 819383133, "typical_volume": 1429090144.8, "trend": 10.534567, "fair_value": 5.283449, "relative_strength": 27.096084, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.647102, "energy": 29.843369, "activity_lines": [ 10.019116, 10.254558, 10.405349, 10.484043 ] }, { "date": "2025-05-09", "close": 10.925964, "volume": 1225335950, "typical_volume": 1417002264.95, "trend": 10.711028, "fair_value": 5.335714, "relative_strength": 28.850627, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.117991, "energy": 12.520794, "activity_lines": [ 10.346165, 10.327832, 10.467802, 10.509294 ] }, { "date": "2025-05-16", "close": 10.468229, "volume": 769568676, "typical_volume": 1343642489.15, "trend": 10.790966, "fair_value": 5.385728, "relative_strength": 21.170732, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.350478, "energy": 14.313514, "activity_lines": [ 10.455624, 10.323128, 10.484955, 10.49363 ] }, { "date": "2025-05-23", "close": 9.980639, "volume": 465103559, "typical_volume": 1304680197.4, "trend": 10.750499, "fair_value": 5.433239, "relative_strength": 14.996762, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.318128, "energy": 15.529187, "activity_lines": [ 10.350809, 10.244245, 10.456903, 10.441351 ] }, { "date": "2025-05-30", "close": 9.84133, "volume": 413604538, "typical_volume": 1272728926.55, "trend": 10.586643, "fair_value": 5.479918, "relative_strength": 12.281159, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.510729, "energy": 14.833542, "activity_lines": [ 10.188943, 10.165001, 10.409803, 10.382694 ] }, { "date": "2025-06-06", "close": 10.010492, "volume": 386818188, "typical_volume": 1236606977.2, "trend": 10.474531, "fair_value": 5.527185, "relative_strength": 11.749876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.46835, "energy": 32.914292, "activity_lines": [ 10.081475, 10.138948, 10.372322, 10.345523 ] }, { "date": "2025-06-13", "close": 9.602509, "volume": 385885178, "typical_volume": 1211212448.25, "trend": 10.355785, "fair_value": 5.571526, "relative_strength": 6.462709, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.722785, "energy": 48.028265, "activity_lines": [ 9.867201, 10.049391, 10.290962, 10.289264 ] }, { "date": "2025-06-20", "close": 9.184576, "volume": 332030526, "typical_volume": 1218412086.8, "trend": 10.260257, "fair_value": 5.612939, "relative_strength": 1.45989, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.767035, "energy": 65.980249, "activity_lines": [ 9.601846, 9.890178, 10.166672, 10.213702 ] }, { "date": "2025-06-27", "close": 9.61246, "volume": 485081726, "typical_volume": 1159553295.15, "trend": 10.222112, "fair_value": 5.656163, "relative_strength": 3.222133, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.906735, "energy": 59.563818, "activity_lines": [ 9.564696, 9.817989, 10.080148, 10.171909 ] }, { "date": "2025-07-04", "close": 9.522903, "volume": 405368436, "typical_volume": 954281778.8, "trend": 10.1707, "fair_value": 5.699372, "relative_strength": -0.069237, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.123546, "energy": 59.739828, "activity_lines": [ 9.52224, 9.733317, 9.989169, 10.126799 ] }, { "date": "2025-07-11", "close": 10.010492, "volume": 563276994, "typical_volume": 836305456.45, "trend": 10.152125, "fair_value": 5.745707, "relative_strength": 2.922207, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.277392, "energy": 45.587141, "activity_lines": [ 9.663541, 9.742544, 9.959222, 10.116463 ] }, { "date": "2025-07-18", "close": 10.0, "volume": 770862427, "typical_volume": 761865942.4, "trend": 10.1332, "fair_value": 5.791415, "relative_strength": 1.128186, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.028416, "energy": 21.826215, "activity_lines": [ 9.801345, 9.757824, 9.938321, 10.106648 ] }, { "date": "2025-07-25", "close": 10.09, "volume": 621641395, "typical_volume": 723050025.1, "trend": 10.111969, "fair_value": 5.83801, "relative_strength": -0.565867, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.657524, "energy": 17.420309, "activity_lines": [ 9.942649, 9.806304, 9.931775, 10.103861 ] }, { "date": "2025-08-01", "close": 9.73, "volume": 522452455, "typical_volume": 692636156.75, "trend": 10.144081, "fair_value": 5.881677, "relative_strength": -4.005748, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.602112, "energy": 20.382814, "activity_lines": [ 9.903592, 9.796206, 9.896535, 10.079218 ] }, { "date": "2025-08-08", "close": 9.83, "volume": 519339421, "typical_volume": 622072630.6, "trend": 10.189145, "fair_value": 5.926109, "relative_strength": -5.814062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.297984, "energy": 17.458322, "activity_lines": [ 9.890033, 9.808846, 9.878552, 10.058955 ] }, { "date": "2025-08-15", "close": 10.46, "volume": 990359609, "typical_volume": 636038821.6, "trend": 10.239288, "fair_value": 5.974268, "relative_strength": -2.345938, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.914896, "energy": 8.676464, "activity_lines": [ 10.066, 9.936238, 9.926498, 10.076429 ] }, { "date": "2025-08-22", "close": 11.93, "volume": 3047115211, "typical_volume": 766515223.6, "trend": 10.338763, "fair_value": 6.0321, "relative_strength": 6.647268, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.847243, "energy": 53.392942, "activity_lines": [ 10.702, 10.32273, 10.1151, 10.185507 ] }, { "date": "2025-08-29", "close": 11.42, "volume": 2329866796, "typical_volume": 827564959.35, "trend": 10.434174, "fair_value": 6.087477, "relative_strength": 0.436028, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.160764, "energy": 59.154192, "activity_lines": [ 11.039333, 10.574177, 10.245705, 10.255264 ] }, { "date": "2025-09-05", "close": 10.62, "volume": 1045756387, "typical_volume": 839740472.5, "trend": 10.439233, "fair_value": 6.137474, "relative_strength": -6.1001, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.880723, "energy": 53.806835, "activity_lines": [ 11.021333, 10.639525, 10.291892, 10.267253 ] }, { "date": "2025-09-12", "close": 10.66, "volume": 771642247, "typical_volume": 843524642.6, "trend": 10.374974, "fair_value": 6.187916, "relative_strength": -7.778872, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.04771, "energy": 52.714557, "activity_lines": [ 10.957333, 10.693827, 10.338085, 10.281496 ] }, { "date": "2025-09-19", "close": 11.03, "volume": 1268705639, "typical_volume": 865990767.9, "trend": 10.338639, "fair_value": 6.241105, "relative_strength": -3.97716, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.470933, "energy": 27.593056, "activity_lines": [ 10.961333, 10.794727, 10.415476, 10.323756 ] }, { "date": "2025-09-26", "close": 10.47, "volume": 850488032, "typical_volume": 847248372.0, "trend": 10.313821, "fair_value": 6.290829, "relative_strength": -9.623684, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 39.078529, "energy": 19.93433, "activity_lines": [ 10.740667, 10.775273, 10.436764, 10.332231 ] }, { "date": "2025-10-03", "close": 10.47, "volume": 225693002, "typical_volume": 820054588.3, "trend": 10.287345, "fair_value": 6.340428, "relative_strength": -11.421906, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.180229, "energy": 17.076879, "activity_lines": [ 10.617333, 10.747273, 10.460222, 10.342307 ] }, { "date": "2025-10-10", "close": 10.38, "volume": 311702883, "typical_volume": 812384554.5, "trend": 10.254883, "fair_value": 6.390514, "relative_strength": -13.00632, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.625638, "energy": 16.891056, "activity_lines": [ 10.527333, 10.696, 10.475101, 10.348285 ] }, { "date": "2025-10-17", "close": 9.92, "volume": 670177258, "typical_volume": 825213190.5, "trend": 10.216376, "fair_value": 6.437589, "relative_strength": -15.679282, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.26949, "energy": 15.223336, "activity_lines": [ 10.3, 10.549273, 10.444269, 10.326679 ] }, { "date": "2025-10-24", "close": 10.06, "volume": 446840642, "typical_volume": 828214313.2, "trend": 10.198456, "fair_value": 6.485873, "relative_strength": -16.438753, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.11317, "energy": 14.616755, "activity_lines": [ 10.168667, 10.426364, 10.426396, 10.316591 ] }, { "date": "2025-10-31", "close": 10.18, "volume": 601482411, "typical_volume": 838994174.85, "trend": 10.206096, "fair_value": 6.534302, "relative_strength": -14.493177, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.665925, "energy": 15.005377, "activity_lines": [ 10.142, 10.332545, 10.419715, 10.3154 ] }, { "date": "2025-11-07", "close": 10.07, "volume": 407873226, "typical_volume": 842786309.85, "trend": 10.218694, "fair_value": 6.58215, "relative_strength": -15.591431, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.098979, "energy": 16.889065, "activity_lines": [ 10.098, 10.250545, 10.399808, 10.30662 ] }, { "date": "2025-11-14", "close": 9.92, "volume": 381335275, "typical_volume": 837598987.3, "trend": 10.22198, "fair_value": 6.629537, "relative_strength": -15.906805, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.451993, "energy": 22.531185, "activity_lines": [ 10.030667, 10.165818, 10.361399, 10.287349 ] }, { "date": "2025-11-21", "close": 9.56, "volume": 448753461, "typical_volume": 839768238.55, "trend": 10.213597, "fair_value": 6.673866, "relative_strength": -15.009381, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.782813, "energy": 39.050322, "activity_lines": [ 9.874, 10.028364, 10.28724, 10.244641 ] }, { "date": "2025-11-28", "close": 9.46, "volume": 334072526, "typical_volume": 828308015.15, "trend": 10.180653, "fair_value": 6.717179, "relative_strength": -16.622071, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.567438, "energy": 49.66981, "activity_lines": [ 9.708, 9.892727, 10.203381, 10.196021 ] }, { "date": "2025-12-05", "close": 9.28, "volume": 305936140, "typical_volume": 805061700.8, "trend": 10.125788, "fair_value": 6.759462, "relative_strength": -18.034864, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.777066, "energy": 65.255963, "activity_lines": [ 9.522, 9.752909, 10.105, 10.137915 ] }, { "date": "2025-12-12", "close": 8.92, "volume": 328933180, "typical_volume": 790426290.05, "trend": 10.07418, "fair_value": 6.799438, "relative_strength": -20.508606, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.042362, "energy": 84.244291, "activity_lines": [ 9.276, 9.569273, 9.975762, 10.060122 ] }, { "date": "2025-12-19", "close": 8.88, "volume": 346700528, "typical_volume": 781638693.7, "trend": 10.037492, "fair_value": 6.838908, "relative_strength": -20.433985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.539548, "energy": 88.20148, "activity_lines": [ 9.093333, 9.406545, 9.848286, 9.983078 ] }, { "date": "2025-12-26", "close": 9.05, "volume": 428791269, "typical_volume": 777111286.1, "trend": 10.011114, "fair_value": 6.87953, "relative_strength": -19.94114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.920516, "energy": 84.072215, "activity_lines": [ 9.036667, 9.302, 9.741048, 9.919369 ] }, { "date": "2026-01-02", "close": 9.1, "volume": 219160214, "typical_volume": 738551316.35, "trend": 9.980765, "fair_value": 6.920785, "relative_strength": -19.365925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.198695, "energy": 81.170597, "activity_lines": [ 9.030667, 9.222364, 9.642286, 9.860587 ] }, { "date": "2026-01-09", "close": 9.44, "volume": 596786222, "typical_volume": 616034866.9, "trend": 9.975348, "fair_value": 6.964657, "relative_strength": -19.22033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.119741, "energy": 54.132842, "activity_lines": [ 9.162, 9.222, 9.582381, 9.825699 ] }, { "date": "2026-01-16", "close": 10.2, "volume": 2132245507, "typical_volume": 606153802.45, "trend": 10.009195, "fair_value": 7.013526, "relative_strength": -12.15862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.793999, "energy": 15.969767, "activity_lines": [ 9.536, 9.373273, 9.606714, 9.840193 ] }, { "date": "2026-01-23", "close": 11.02, "volume": 1721974112, "typical_volume": 639964688.7, "trend": 10.056113, "fair_value": 7.067464, "relative_strength": -5.827714, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.477439, "energy": 32.641752, "activity_lines": [ 10.098, 9.671273, 9.714952, 9.905406 ] }, { "date": "2026-01-30", "close": 9.76, "volume": 954253112, "typical_volume": 649095231.95, "trend": 10.064016, "fair_value": 7.113138, "relative_strength": -16.076439, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.87925, "energy": 26.997215, "activity_lines": [ 10.097333, 9.720182, 9.701286, 9.886302 ] }, { "date": "2026-02-06", "close": 9.57, "volume": 416946828, "typical_volume": 606507291.4, "trend": 10.049333, "fair_value": 7.156843, "relative_strength": -16.185282, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -10.718479, "energy": 23.204579, "activity_lines": [ 9.986, 9.730909, 9.67381, 9.85443 ] }, { "date": "2026-02-13", "close": 9.72, "volume": 397075916, "typical_volume": 583836685.6, "trend": 10.04, "fair_value": 7.201259, "relative_strength": -14.406605, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -10.045341, "energy": 15.756317, "activity_lines": [ 9.893333, 9.766909, 9.667571, 9.833183 ] }, { "date": "2026-02-27", "close": 10.34, "volume": 513399048, "typical_volume": 598221987.9, "trend": 10.048333, "fair_value": 7.249086, "relative_strength": -10.028472, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 1.79434, "energy": 5.194259, "activity_lines": [ 9.988667, 9.907636, 9.723952, 9.852538 ] }, { "date": "2026-03-06", "close": 9.89, "volume": 669813061, "typical_volume": 616127496.8, "trend": 10.053667, "fair_value": 7.293529, "relative_strength": -12.540426, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.800447, "energy": 10.66599, "activity_lines": [ 9.924667, 9.940727, 9.738095, 9.842323 ] }, { "date": "2026-03-13", "close": 9.68, "volume": 665069081, "typical_volume": 615872087.95, "trend": 10.048667, "fair_value": 7.336062, "relative_strength": -13.202259, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.812249, "energy": 12.670034, "activity_lines": [ 9.866, 9.917273, 9.734571, 9.818215 ] }, { "date": "2026-03-20", "close": 9.01, "volume": 351786177, "typical_volume": 611119364.7, "trend": 10.000333, "fair_value": 7.37355, "relative_strength": -15.763732, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.594023, "energy": 23.51331, "activity_lines": [ 9.589333, 9.760545, 9.668381, 9.751204 ] }, { "date": "2026-03-27", "close": 8.73, "volume": 309550070, "typical_volume": 596522747.65, "trend": 9.893667, "fair_value": 7.410494, "relative_strength": -16.850343, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.568047, "energy": 47.058258, "activity_lines": [ 9.256667, 9.554545, 9.580524, 9.669247 ] }, { "date": "2026-04-03", "close": 8.45, "volume": 217312048, "typical_volume": 586994688.75, "trend": 9.794667, "fair_value": 7.445392, "relative_strength": -18.24275, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.107136, "energy": 68.540281, "activity_lines": [ 8.896667, 9.310545, 9.472905, 9.576108 ] }, { "date": "2026-04-10", "close": 8.75, "volume": 222395544, "typical_volume": 579047702.2, "trend": 9.732333, "fair_value": 7.478711, "relative_strength": -17.125952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.985625, "energy": 67.960961, "activity_lines": [ 8.762667, 9.152909, 9.401571, 9.50871 ] }, { "date": "2026-04-17", "close": 9.21, "volume": 763097172, "typical_volume": 594764887.75, "trend": 9.684, "fair_value": 7.508285, "relative_strength": -13.722095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.806885, "energy": 59.635163, "activity_lines": [ 8.858, 9.120182, 9.379619, 9.475011 ] }, { "date": "2026-04-24", "close": 9.36, "volume": 692123146, "typical_volume": 612667418.75, "trend": 9.628333, "fair_value": 7.538257, "relative_strength": -12.479722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.916014, "energy": 35.646236, "activity_lines": [ 9.034667, 9.124727, 9.373619, 9.454108 ] }, { "date": "2026-05-01", "close": 8.74, "volume": 377749937, "typical_volume": 616258108.6, "trend": 9.570667, "fair_value": 7.568258, "relative_strength": -18.407979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.781627, "energy": 32.66103, "activity_lines": [ 8.981333, 9.020364, 9.309048, 9.396796 ] }, { "date": "2026-05-08", "close": 8.78, "volume": 254809279, "typical_volume": 612551913.55, "trend": 9.514333, "fair_value": 7.597203, "relative_strength": -18.712286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.78587, "energy": 30.811451, "activity_lines": [ 8.940667, 8.941091, 9.250857, 9.345785 ] }, { "date": "2026-05-15", "close": 8.59, "volume": 479090029, "typical_volume": 619171388.6, "trend": 9.454667, "fair_value": 7.626868, "relative_strength": -18.894793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.632308, "energy": 37.470462, "activity_lines": [ 8.814667, 8.855636, 9.175238, 9.286151 ] }, { "date": "2026-05-22", "close": 8.17, "volume": 297104867, "typical_volume": 612587068.5, "trend": 9.396333, "fair_value": 7.654154, "relative_strength": -21.779422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.43052, "energy": 65.043521, "activity_lines": [ 8.559333, 8.717455, 9.061, 9.203269 ] }, { "date": "2026-05-29", "close": 7.2, "volume": 469392477, "typical_volume": 625098681.65, "trend": 9.301, "fair_value": 7.673533, "relative_strength": -29.670247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.3415, "energy": 83.964391, "activity_lines": [ 8.05, 8.430364, 8.858571, 9.06157 ] }, { "date": "2026-06-05", "close": 7.12, "volume": 89000388, "typical_volume": 599709389.95, "trend": 9.199, "fair_value": 7.69265, "relative_strength": -29.111555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.842577, "energy": 91.587536, "activity_lines": [ 7.658, 8.161636, 8.657571, 8.92086 ] }, { "date": "2026-06-12", "close": 6.77, "volume": 69315733, "typical_volume": 496562901.25, "trend": 9.089, "fair_value": 7.709711, "relative_strength": -31.989241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.80542, "energy": 94.406494, "activity_lines": [ 7.257333, 7.858545, 8.434286, 8.764151 ] }, { "date": "2026-06-19", "close": 6.78, "volume": 285406154, "typical_volume": 424734503.35, "trend": 8.984333, "fair_value": 7.725146, "relative_strength": -32.244802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.550729, "energy": 91.903909, "activity_lines": [ 6.994, 7.587818, 8.228286, 8.615183 ] }, { "date": "2026-06-26", "close": 6.36, "volume": 88619423, "typical_volume": 381452818.9, "trend": 8.877667, "fair_value": 7.734699, "relative_strength": -34.853181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.881623, "energy": 93.695876, "activity_lines": [ 6.711333, 7.276545, 8.002476, 8.445871 ] }, { "date": "2026-07-03", "close": 6.791117, "volume": 77249771, "typical_volume": 364467966.05, "trend": 8.788704, "fair_value": 7.74689, "relative_strength": -30.093498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.978791, "energy": 86.28231, "activity_lines": [ 6.693039, 7.095476, 7.833916, 8.311255 ] }, { "date": "2026-07-10", "close": 6.771289, "volume": 418409974, "typical_volume": 365534668.95, "trend": 8.70508, "fair_value": 7.758141, "relative_strength": -28.872701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.990733, "energy": 67.627952, "activity_lines": [ 6.695394, 6.957508, 7.6767, 8.181099 ] }, { "date": "2026-07-17", "close": 6.830773, "volume": 1218201093, "typical_volume": 400774771.2, "trend": 8.635439, "fair_value": 7.770336, "relative_strength": -23.18221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.824574, "energy": 63.342541, "activity_lines": [ 6.740825, 6.86615, 7.539191, 8.060176 ] }, { "date": "2026-07-24", "close": 6.543266, "volume": 544535544, "typical_volume": 394510895.35, "trend": 8.557548, "fair_value": 7.782565, "relative_strength": -26.71647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.15011, "energy": 62.85007, "activity_lines": [ 6.686368, 6.757959, 7.39101, 7.925197 ] }, { "date": "2026-07-31", "close": 6.880344, "volume": 342834510, "typical_volume": 378399166.8, "trend": 8.485226, "fair_value": 7.798832, "relative_strength": -22.661287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.187171, "energy": 53.349185, "activity_lines": [ 6.760053, 6.748268, 7.29087, 7.81699 ] }, { "date": "2026-08-07", "close": 6.85, "volume": 387074029, "typical_volume": 380163559.4, "trend": 8.410226, "fair_value": 7.816405, "relative_strength": -24.486363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.259445, "energy": 47.666465, "activity_lines": [ 6.788934, 6.756508, 7.201171, 7.711492 ] } ], "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." } } }