{ "ticker": { "uuid": "9e963997-5e84-4a12-8612-ca7b89b15ce3", "symbol": "4924", "name": "HTM International Holding Ltd.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 85.014, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -25.745, "architecture_energy": 46.741, "architecture_maturity": 11.173, "architecture_confidence": 78.417, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 37.31, "rotation_up": 14.49, "upward_expansion": 22.98, "deceleration": 51.68, "rotation_down": 68.79, "downward_expansion": 52.65 }, "activity_lines": [ 9.93, 10.729091, 11.159286, 11.082473 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 9.77, "trend_reference": 11.035333, "distance_from_trend": -0.114662, "trend_direction": "Weakening", "fair_value": 15.373782, "distance_from_fair_value": -0.364503, "fair_value_direction": "Weakening", "relative_strength": -42.214183, "relative_strength_direction": "Improving", "price_momentum": -0.099539, "excess_performance": -0.540911, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.114662, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.015435, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.364503, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.058065, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.422142, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.035752, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.099539, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.003505, "read": "Demand-led" } ], "volume": { "latest": 214004, "relative_activity": 0.302189, "balance": 2.003505, "dry_up": 0.358315, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.159436, "annualized_volatility": 0.52849, "from_high_reference": -0.375719, "from_low_reference": 0.057359 }, "levels": { "trend_reference": 11.035333, "fair_value_reference": 15.373782, "structural_low": 9.24, "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": 3, "median_return": -0.056818, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.05482, "regime_survival": 0.0, "best_return": 0.005102, "worst_return": -0.127596, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.125, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.140832, "regime_survival": 0.0, "best_return": 0.022727, "worst_return": -0.175074, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.015306, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.009809, "regime_survival": 0.0, "best_return": 0.022727, "worst_return": -0.317507, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.159477, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.195465, "regime_survival": 0.0, "best_return": 0.007576, "worst_return": -0.326531, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-13", "tenure": "Developing", "return": -0.094203, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-20", "end": "2024-09-27", "tenure": "New", "return": 0.043367, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-04", "end": "2024-10-25", "tenure": "New", "return": -0.06076, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2025-01-17", "tenure": "Developing", "return": 0.098093, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": -0.043165, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": 0.01023, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-06-06", "tenure": "Established", "return": -0.085271, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": -0.062315, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2026-05-15", "tenure": "Extended", "return": -0.321767, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": -0.044177, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": 0.015686, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-03", "end": "2026-07-17", "tenure": "New", "return": -0.284588, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.024341, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-14", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 12.4, "volume": 519000, "typical_volume": 355400.0, "trend": 13.278333, "fair_value": 14.479295, "relative_strength": -17.679873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.101484, "energy": 62.57819, "activity_lines": [ 12.6, 12.798182, 12.958333, 13.086559 ] }, { "date": "2023-08-18", "close": 12.4, "volume": 133000, "typical_volume": 345050.0, "trend": 13.233333, "fair_value": 14.517436, "relative_strength": -16.287185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.459466, "energy": 56.717428, "activity_lines": [ 12.51, 12.698182, 12.897619, 13.029892 ] }, { "date": "2023-08-25", "close": 12.35, "volume": 141000, "typical_volume": 343200.0, "trend": 13.188333, "fair_value": 14.553718, "relative_strength": -16.850358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.110859, "energy": 54.806375, "activity_lines": [ 12.44, 12.608182, 12.835952, 12.972903 ] }, { "date": "2023-09-01", "close": 12.15, "volume": 168000, "typical_volume": 338550.0, "trend": 13.131667, "fair_value": 14.580449, "relative_strength": -18.664914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.037, "energy": 63.098069, "activity_lines": [ 12.32, 12.495455, 12.758333, 12.905914 ] }, { "date": "2023-09-08", "close": 12.3, "volume": 115000, "typical_volume": 284050.0, "trend": 13.085, "fair_value": 14.600962, "relative_strength": -16.947035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.949207, "energy": 56.610977, "activity_lines": [ 12.29, 12.427273, 12.7, 12.852258 ] }, { "date": "2023-09-15", "close": 11.85, "volume": 127000, "typical_volume": 277450.0, "trend": 13.026667, "fair_value": 14.615064, "relative_strength": -21.181772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.154809, "energy": 67.77015, "activity_lines": [ 12.133333, 12.295455, 12.603571, 12.772581 ] }, { "date": "2023-09-22", "close": 11.5, "volume": 139000, "typical_volume": 275800.0, "trend": 12.948333, "fair_value": 14.610897, "relative_strength": -20.385556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.650334, "energy": 77.452484, "activity_lines": [ 11.896667, 12.124545, 12.479762, 12.674086 ] }, { "date": "2023-09-29", "close": 11.75, "volume": 83000, "typical_volume": 258100.0, "trend": 12.881667, "fair_value": 14.615705, "relative_strength": -18.24015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.268278, "energy": 73.225725, "activity_lines": [ 11.803333, 12.025455, 12.387143, 12.596774 ] }, { "date": "2023-10-06", "close": 11.35, "volume": 123000, "typical_volume": 255100.0, "trend": 12.776667, "fair_value": 14.592628, "relative_strength": -21.226847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.821434, "energy": 81.276591, "activity_lines": [ 11.616667, 11.869091, 12.262143, 12.497957 ] }, { "date": "2023-10-13", "close": 12.2, "volume": 339000, "typical_volume": 258800.0, "trend": 12.738333, "fair_value": 14.55609, "relative_strength": -16.131249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.99076, "energy": 49.054064, "activity_lines": [ 11.766667, 11.892727, 12.224762, 12.460753 ] }, { "date": "2023-10-20", "close": 12.05, "volume": 262000, "typical_volume": 222100.0, "trend": 12.688333, "fair_value": 14.526282, "relative_strength": -14.882147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.722365, "energy": 38.851215, "activity_lines": [ 11.873333, 11.897273, 12.177381, 12.416344 ] }, { "date": "2023-10-27", "close": 12.55, "volume": 184000, "typical_volume": 202850.0, "trend": 12.666667, "fair_value": 14.500641, "relative_strength": -9.077745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.907802, "energy": 17.624284, "activity_lines": [ 12.133333, 11.999091, 12.185, 12.407419 ] }, { "date": "2023-11-03", "close": 12.8, "volume": 111000, "typical_volume": 193500.0, "trend": 12.66, "fair_value": 14.492308, "relative_strength": -8.803659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.553001, "energy": 17.157866, "activity_lines": [ 12.406667, 12.143636, 12.220714, 12.416022 ] }, { "date": "2023-11-10", "close": 12.9, "volume": 153000, "typical_volume": 198700.0, "trend": 12.65, "fair_value": 14.481731, "relative_strength": -8.487062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.458189, "energy": 19.562162, "activity_lines": [ 12.643333, 12.298182, 12.267381, 12.431505 ] }, { "date": "2023-11-17", "close": 12.65, "volume": 90000, "typical_volume": 182000.0, "trend": 12.628333, "fair_value": 14.483654, "relative_strength": -12.449715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 15.492541, "energy": 24.856421, "activity_lines": [ 12.693333, 12.393636, 12.29119, 12.431505 ] }, { "date": "2023-11-24", "close": 12.4, "volume": 57000, "typical_volume": 173950.0, "trend": 12.605, "fair_value": 14.482692, "relative_strength": -14.033884, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 13.78855, "energy": 20.071332, "activity_lines": [ 12.63, 12.437273, 12.294286, 12.416774 ] }, { "date": "2023-12-01", "close": 12.1, "volume": 61000, "typical_volume": 164000.0, "trend": 12.573333, "fair_value": 14.48141, "relative_strength": -15.763074, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -16.898313, "energy": 11.450602, "activity_lines": [ 12.443333, 12.416364, 12.272619, 12.384194 ] }, { "date": "2023-12-08", "close": 11.9, "volume": 168000, "typical_volume": 158250.0, "trend": 12.538333, "fair_value": 14.48109, "relative_strength": -16.11117, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.727049, "energy": 20.514508, "activity_lines": [ 12.22, 12.348182, 12.235952, 12.340753 ] }, { "date": "2023-12-15", "close": 11.95, "volume": 119000, "typical_volume": 156700.0, "trend": 12.511667, "fair_value": 14.471154, "relative_strength": -16.389064, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.935969, "energy": 25.906845, "activity_lines": [ 12.073333, 12.286364, 12.207381, 12.302796 ] }, { "date": "2023-12-22", "close": 12.65, "volume": 199000, "typical_volume": 164550.0, "trend": 12.496667, "fair_value": 14.464744, "relative_strength": -10.324079, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.171677, "energy": 15.832407, "activity_lines": [ 12.223333, 12.340909, 12.249286, 12.31172 ] }, { "date": "2023-12-29", "close": 14.75, "volume": 1715000, "typical_volume": 224350.0, "trend": 12.535, "fair_value": 14.467949, "relative_strength": 3.101064, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.125438, "energy": 46.798202, "activity_lines": [ 13.073333, 12.769091, 12.49119, 12.457097 ] }, { "date": "2024-01-05", "close": 14.8, "volume": 300000, "typical_volume": 232700.0, "trend": 12.58, "fair_value": 14.476603, "relative_strength": 6.281298, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.193653, "energy": 77.842782, "activity_lines": [ 13.783333, 13.157273, 12.726667, 12.603226 ] }, { "date": "2024-01-12", "close": 14.55, "volume": 240000, "typical_volume": 237650.0, "trend": 12.628333, "fair_value": 14.4875, "relative_strength": 5.189106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.09145, "energy": 82.99058, "activity_lines": [ 14.23, 13.459091, 12.926905, 12.730323 ] }, { "date": "2024-01-19", "close": 14.6, "volume": 149000, "typical_volume": 236700.0, "trend": 12.678333, "fair_value": 14.496474, "relative_strength": 4.803402, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.36736, "energy": 85.221478, "activity_lines": [ 14.516667, 13.738182, 13.121429, 12.857527 ] }, { "date": "2024-01-26", "close": 14.7, "volume": 252000, "typical_volume": 243550.0, "trend": 12.725, "fair_value": 14.492949, "relative_strength": 3.937914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.1631, "energy": 83.745539, "activity_lines": [ 14.66, 14.004545, 13.31381, 12.987957 ] }, { "date": "2024-02-02", "close": 14.8, "volume": 326000, "typical_volume": 253500.0, "trend": 12.778333, "fair_value": 14.476603, "relative_strength": 4.443147, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.974158, "energy": 78.297983, "activity_lines": [ 14.7, 14.251818, 13.504286, 13.121828 ] }, { "date": "2024-02-09", "close": 14.9, "volume": 82000, "typical_volume": 250650.0, "trend": 12.843333, "fair_value": 14.458654, "relative_strength": 5.081976, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.917951, "energy": 59.890387, "activity_lines": [ 14.77, 14.473636, 13.690238, 13.25871 ] }, { "date": "2024-02-16", "close": 14.95, "volume": 267000, "typical_volume": 259850.0, "trend": 12.921667, "fair_value": 14.435256, "relative_strength": 2.727486, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.120961, "energy": 55.854263, "activity_lines": [ 14.85, 14.653636, 13.864762, 13.394624 ] }, { "date": "2024-02-23", "close": 14.95, "volume": 268000, "typical_volume": 267100.0, "trend": 12.995, "fair_value": 14.414423, "relative_strength": 1.44829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.815189, "energy": 52.833824, "activity_lines": [ 14.903333, 14.778182, 14.024048, 13.525484 ] }, { "date": "2024-03-01", "close": 16.9, "volume": 1026000, "typical_volume": 301450.0, "trend": 13.136667, "fair_value": 14.400321, "relative_strength": 14.365049, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.470879, "energy": 67.456212, "activity_lines": [ 15.583333, 15.202727, 14.351905, 13.777419 ] }, { "date": "2024-03-08", "close": 15.5, "volume": 1481000, "typical_volume": 362400.0, "trend": 13.24, "fair_value": 14.353205, "relative_strength": 0.761703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.584546, "energy": 53.322376, "activity_lines": [ 15.65, 15.295455, 14.524048, 13.929892 ] }, { "date": "2024-03-15", "close": 14.9, "volume": 461000, "typical_volume": 376250.0, "trend": 13.323333, "fair_value": 14.31859, "relative_strength": -2.374632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.835428, "energy": 46.465236, "activity_lines": [ 15.47, 15.265455, 14.622619, 14.036989 ] }, { "date": "2024-03-22", "close": 14.65, "volume": 68000, "typical_volume": 374100.0, "trend": 13.4, "fair_value": 14.264103, "relative_strength": -6.307645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.501762, "energy": 39.342868, "activity_lines": [ 15.206667, 15.188182, 14.68619, 14.122581 ] }, { "date": "2024-03-29", "close": 14.3, "volume": 48000, "typical_volume": 368850.0, "trend": 13.471667, "fair_value": 14.205128, "relative_strength": -8.554074, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.088871, "energy": 21.503766, "activity_lines": [ 14.846667, 15.045455, 14.707619, 14.180645 ] }, { "date": "2024-04-05", "close": 14.8, "volume": 33000, "typical_volume": 366000.0, "trend": 13.555, "fair_value": 14.154167, "relative_strength": -5.337345, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.522383, "energy": 22.277678, "activity_lines": [ 14.696667, 14.999091, 14.77, 14.266344 ] }, { "date": "2024-04-12", "close": 15.3, "volume": 238000, "typical_volume": 375050.0, "trend": 13.67, "fair_value": 14.111218, "relative_strength": -3.803548, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.662217, "energy": 20.920543, "activity_lines": [ 14.853333, 15.041818, 14.869762, 14.378925 ] }, { "date": "2024-04-19", "close": 16.0, "volume": 510000, "typical_volume": 397500.0, "trend": 13.82, "fair_value": 14.086859, "relative_strength": 6.916847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.434991, "energy": 32.820666, "activity_lines": [ 15.256667, 15.202727, 15.022381, 14.529247 ] }, { "date": "2024-04-26", "close": 18.9, "volume": 2124000, "typical_volume": 495300.0, "trend": 14.058333, "fair_value": 14.079487, "relative_strength": 22.268706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.486588, "energy": 74.571756, "activity_lines": [ 16.553333, 15.870909, 15.432619, 14.856989 ] }, { "date": "2024-05-03", "close": 18.450001, "volume": 1827000, "typical_volume": 580700.0, "trend": 14.295, "fair_value": 14.070833, "relative_strength": 17.912174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.769377, "energy": 84.472337, "activity_lines": [ 17.416667, 16.385455, 15.766667, 15.140323 ] }, { "date": "2024-05-10", "close": 18.5, "volume": 597000, "typical_volume": 600600.0, "trend": 14.505, "fair_value": 14.063141, "relative_strength": 15.90274, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.436726, "energy": 84.931153, "activity_lines": [ 18.02, 16.845455, 16.074524, 15.411613 ] }, { "date": "2024-05-17", "close": 18.75, "volume": 546000, "typical_volume": 542150.0, "trend": 14.728333, "fair_value": 14.060897, "relative_strength": 14.164847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.136193, "energy": 85.898572, "activity_lines": [ 18.46, 17.321818, 16.378333, 15.685484 ] }, { "date": "2024-05-24", "close": 18.799999, "volume": 420000, "typical_volume": 548150.0, "trend": 14.936667, "fair_value": 14.081731, "relative_strength": 12.621545, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.51469, "energy": 80.358865, "activity_lines": [ 18.686666, 17.748182, 16.667857, 15.948172 ] }, { "date": "2024-05-31", "close": 18.200001, "volume": 264000, "typical_volume": 549350.0, "trend": 15.116667, "fair_value": 14.110577, "relative_strength": 10.915765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.239149, "energy": 60.440154, "activity_lines": [ 18.526667, 17.994546, 16.881191, 16.15871 ] }, { "date": "2024-06-07", "close": 18.65, "volume": 371000, "typical_volume": 560450.0, "trend": 15.308333, "fair_value": 14.140064, "relative_strength": 9.945962, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.481628, "energy": 57.439074, "activity_lines": [ 18.563333, 18.258182, 17.12, 16.386667 ] }, { "date": "2024-06-14", "close": 24.799999, "volume": 1049000, "typical_volume": 600300.0, "trend": 15.713333, "fair_value": 14.196795, "relative_strength": 40.801407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.877185, "energy": 86.88768, "activity_lines": [ 20.636666, 19.560909, 17.925238, 16.999032 ] }, { "date": "2024-06-21", "close": 28.0, "volume": 3856000, "typical_volume": 776800.0, "trend": 16.233333, "fair_value": 14.279487, "relative_strength": 52.195959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.78079, "energy": 97.182084, "activity_lines": [ 23.356666, 21.263636, 18.987143, 17.79172 ] }, { "date": "2024-06-28", "close": 28.4, "volume": 1826000, "typical_volume": 864000.0, "trend": 16.776667, "fair_value": 14.365385, "relative_strength": 54.177954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.515337, "energy": 96.522059, "activity_lines": [ 25.593333, 22.808182, 20.024286, 18.576667 ] }, { "date": "2024-07-05", "close": 28.049999, "volume": 1606000, "typical_volume": 930950.0, "trend": 17.315, "fair_value": 14.448077, "relative_strength": 47.474752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.579604, "energy": 91.733565, "activity_lines": [ 27.073333, 24.063636, 20.963809, 19.303978 ] }, { "date": "2024-07-12", "close": 28.85, "volume": 1370000, "typical_volume": 986050.0, "trend": 17.878333, "fair_value": 14.540064, "relative_strength": 47.786954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.622223, "energy": 89.170867, "activity_lines": [ 28.163333, 25.298182, 21.917143, 20.048172 ] }, { "date": "2024-07-19", "close": 26.65, "volume": 663000, "typical_volume": 967900.0, "trend": 18.345, "fair_value": 14.615385, "relative_strength": 41.354235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.597624, "energy": 66.908934, "activity_lines": [ 27.84, 25.943636, 22.594762, 20.614086 ] }, { "date": "2024-07-26", "close": 23.35, "volume": 348000, "typical_volume": 911250.0, "trend": 18.631667, "fair_value": 14.66859, "relative_strength": 27.106501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.561485, "energy": 57.226939, "activity_lines": [ 26.293333, 25.840909, 22.911667, 20.936989 ] }, { "date": "2024-08-02", "close": 22.5, "volume": 401000, "typical_volume": 908250.0, "trend": 18.888333, "fair_value": 14.719551, "relative_strength": 24.371097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.623184, "energy": 36.465126, "activity_lines": [ 24.773333, 25.5, 23.110238, 21.186559 ] }, { "date": "2024-08-09", "close": 20.700001, "volume": 691000, "typical_volume": 939400.0, "trend": 19.093333, "fair_value": 14.7625, "relative_strength": 14.749195, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.621175, "energy": 26.832496, "activity_lines": [ 23.046667, 24.764546, 23.10119, 21.303441 ] }, { "date": "2024-08-16", "close": 19.25, "volume": 225000, "typical_volume": 948250.0, "trend": 19.248333, "fair_value": 14.79359, "relative_strength": 2.263634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.584862, "energy": 23.940687, "activity_lines": [ 21.326667, 23.72, 22.925238, 21.313548 ] }, { "date": "2024-08-23", "close": 20.6, "volume": 528000, "typical_volume": 973000.0, "trend": 19.445, "fair_value": 14.835256, "relative_strength": 9.927375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.357573, "energy": 25.469979, "activity_lines": [ 20.696667, 22.91, 22.854286, 21.400753 ] }, { "date": "2024-08-30", "close": 20.1, "volume": 540000, "typical_volume": 988100.0, "trend": 19.621667, "fair_value": 14.874359, "relative_strength": 6.311758, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.028756, "energy": 20.485506, "activity_lines": [ 20.303333, 22.085455, 22.708095, 21.443011 ] }, { "date": "2024-09-06", "close": 19.4, "volume": 145000, "typical_volume": 969850.0, "trend": 19.771667, "fair_value": 14.909295, "relative_strength": 6.204276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.487325, "energy": 20.96011, "activity_lines": [ 19.893333, 21.277273, 22.472381, 21.42871 ] }, { "date": "2024-09-13", "close": 18.75, "volume": 108000, "typical_volume": 869050.0, "trend": 19.898333, "fair_value": 14.940385, "relative_strength": 0.748438, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.54891, "energy": 32.821069, "activity_lines": [ 19.473333, 20.514546, 22.158571, 21.362796 ] }, { "date": "2024-09-20", "close": 19.6, "volume": 260000, "typical_volume": 790700.0, "trend": 20.053333, "fair_value": 14.978205, "relative_strength": 2.996809, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.634081, "energy": 34.15566, "activity_lines": [ 19.466667, 20.075455, 21.926429, 21.343548 ] }, { "date": "2024-09-27", "close": 20.450001, "volume": 284000, "typical_volume": 775050.0, "trend": 20.171667, "fair_value": 15.020192, "relative_strength": 3.926772, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.372785, "energy": 26.488551, "activity_lines": [ 19.72, 19.959091, 21.769762, 21.36914 ] }, { "date": "2024-10-04", "close": 19.75, "volume": 73000, "typical_volume": 751400.0, "trend": 20.313333, "fair_value": 15.057692, "relative_strength": 2.257099, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.297921, "energy": 19.800703, "activity_lines": [ 19.75, 19.828182, 21.537143, 21.341936 ] }, { "date": "2024-10-11", "close": 17.15, "volume": 207000, "typical_volume": 740750.0, "trend": 20.388333, "fair_value": 15.079167, "relative_strength": -13.568848, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.612695, "energy": 33.972807, "activity_lines": [ 18.936667, 19.29, 21.052143, 21.13785 ] }, { "date": "2024-10-18", "close": 19.700001, "volume": 799000, "typical_volume": 767500.0, "trend": 20.556667, "fair_value": 15.117628, "relative_strength": -3.419895, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.093801, "energy": 22.748342, "activity_lines": [ 19.123334, 19.312728, 20.817857, 21.093441 ] }, { "date": "2024-10-25", "close": 18.549999, "volume": 135000, "typical_volume": 755700.0, "trend": 20.698333, "fair_value": 15.147756, "relative_strength": -8.55085, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.920972, "energy": 33.214722, "activity_lines": [ 18.863333, 19.144546, 20.466905, 20.963979 ] }, { "date": "2024-11-01", "close": 18.35, "volume": 47000, "typical_volume": 705600.0, "trend": 20.816667, "fair_value": 15.176603, "relative_strength": -7.341537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.674422, "energy": 54.306738, "activity_lines": [ 18.606667, 18.952727, 20.097381, 20.812473 ] }, { "date": "2024-11-08", "close": 18.4, "volume": 24000, "typical_volume": 514000.0, "trend": 20.92, "fair_value": 15.205449, "relative_strength": -10.157203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.649752, "energy": 50.454908, "activity_lines": [ 18.506667, 18.810909, 19.763333, 20.656559 ] }, { "date": "2024-11-15", "close": 18.0, "volume": 103000, "typical_volume": 427850.0, "trend": 20.986667, "fair_value": 15.232051, "relative_strength": -9.089078, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.458837, "energy": 59.427652, "activity_lines": [ 18.363333, 18.627273, 19.436905, 20.468172 ] }, { "date": "2024-11-22", "close": 17.75, "volume": 38060, "typical_volume": 349453.0, "trend": 20.948333, "fair_value": 15.257051, "relative_strength": -11.097314, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.682079, "energy": 64.037051, "activity_lines": [ 18.08, 18.423636, 19.136191, 20.259355 ] }, { "date": "2024-11-29", "close": 16.200001, "volume": 235000, "typical_volume": 292703.0, "trend": 20.873333, "fair_value": 15.272115, "relative_strength": -16.583638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.187002, "energy": 75.123035, "activity_lines": [ 17.41, 17.956364, 18.736905, 19.953011 ] }, { "date": "2024-12-06", "close": 17.6, "volume": 64000, "typical_volume": 262753.0, "trend": 20.843333, "fair_value": 15.296154, "relative_strength": -13.153956, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.427508, "energy": 63.960608, "activity_lines": [ 17.363334, 17.805455, 18.531191, 19.741828 ] }, { "date": "2024-12-13", "close": 17.700001, "volume": 121000, "typical_volume": 251403.0, "trend": 20.808333, "fair_value": 15.320833, "relative_strength": -12.18419, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.371036, "energy": 50.548053, "activity_lines": [ 17.400001, 17.724546, 18.378095, 19.539032 ] }, { "date": "2024-12-20", "close": 17.15, "volume": 77000, "typical_volume": 235203.0, "trend": 20.753333, "fair_value": 15.327564, "relative_strength": -13.066382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.321589, "energy": 44.661491, "activity_lines": [ 17.3, 17.580909, 18.199524, 19.303011 ] }, { "date": "2024-12-27", "close": 17.35, "volume": 678000, "typical_volume": 234553.0, "trend": 20.725, "fair_value": 15.345833, "relative_strength": -14.800447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.802727, "energy": 34.147804, "activity_lines": [ 17.323334, 17.473637, 18.065476, 19.083441 ] }, { "date": "2025-01-03", "close": 17.799999, "volume": 125000, "typical_volume": 229553.0, "trend": 20.696667, "fair_value": 15.365705, "relative_strength": -11.056378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.461136, "energy": 26.739059, "activity_lines": [ 17.523333, 17.490909, 17.990238, 18.894731 ] }, { "date": "2025-01-10", "close": 17.1, "volume": 121000, "typical_volume": 209203.0, "trend": 20.44, "fair_value": 15.371795, "relative_strength": -14.774102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.290813, "energy": 33.049464, "activity_lines": [ 17.383333, 17.394545, 17.855238, 18.662688 ] }, { "date": "2025-01-17", "close": 20.15, "volume": 941000, "typical_volume": 229253.0, "trend": 20.178333, "fair_value": 15.403846, "relative_strength": -0.262446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.227783, "energy": 9.969267, "activity_lines": [ 18.293333, 17.875455, 18.027381, 18.643979 ] }, { "date": "2025-01-24", "close": 20.85, "volume": 116000, "typical_volume": 227803.0, "trend": 19.926667, "fair_value": 15.4375, "relative_strength": 1.392084, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.075798, "energy": 18.763237, "activity_lines": [ 19.273333, 18.451818, 18.265952, 18.687312 ] }, { "date": "2025-02-07", "close": 19.950001, "volume": 390000, "typical_volume": 241903.0, "trend": 19.656667, "fair_value": 15.472115, "relative_strength": -2.854361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.14952, "energy": 25.329511, "activity_lines": [ 19.706667, 18.812727, 18.411905, 18.688817 ] }, { "date": "2025-02-14", "close": 19.549999, "volume": 151255, "typical_volume": 236465.75, "trend": 19.346667, "fair_value": 15.501923, "relative_strength": -3.507699, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.307233, "energy": 27.690832, "activity_lines": [ 19.833333, 19.060909, 18.514048, 18.681936 ] }, { "date": "2025-02-21", "close": 19.549999, "volume": 167350, "typical_volume": 230633.25, "trend": 19.11, "fair_value": 15.527244, "relative_strength": -5.898681, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.269575, "energy": 32.512585, "activity_lines": [ 19.843333, 19.248182, 18.616428, 18.695054 ] }, { "date": "2025-02-28", "close": 19.75, "volume": 163000, "typical_volume": 235133.25, "trend": 18.99, "fair_value": 15.548397, "relative_strength": -2.284047, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.032203, "energy": 20.821796, "activity_lines": [ 19.756666, 19.436363, 18.742143, 18.736344 ] }, { "date": "2025-03-07", "close": 19.35, "volume": 112001, "typical_volume": 230383.3, "trend": 18.885, "fair_value": 15.575962, "relative_strength": -2.163931, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.663429, "energy": 15.592589, "activity_lines": [ 19.563333, 19.514545, 18.829762, 18.75957 ] }, { "date": "2025-03-14", "close": 19.700001, "volume": 93001, "typical_volume": 195083.35, "trend": 18.851667, "fair_value": 15.605128, "relative_strength": 2.10849, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.47127, "energy": 12.13733, "activity_lines": [ 19.586667, 19.616364, 18.940238, 18.812151 ] }, { "date": "2025-03-21", "close": 19.9, "volume": 108002, "typical_volume": 193733.45, "trend": 18.873333, "fair_value": 15.641346, "relative_strength": 1.716006, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.679937, "energy": 23.32775, "activity_lines": [ 19.693334, 19.711818, 19.069762, 18.879785 ] }, { "date": "2025-03-28", "close": 19.299999, "volume": 48458, "typical_volume": 193806.35, "trend": 18.83, "fair_value": 15.673077, "relative_strength": 1.044264, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.411395, "energy": 20.207108, "activity_lines": [ 19.576667, 19.66, 19.135714, 18.907312 ] }, { "date": "2025-04-04", "close": 18.4, "volume": 167006, "typical_volume": 200956.65, "trend": 18.773333, "fair_value": 15.7, "relative_strength": -2.62698, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.799672, "energy": 12.073472, "activity_lines": [ 19.176667, 19.404545, 19.111428, 18.87957 ] }, { "date": "2025-04-11", "close": 18.299999, "volume": 308692, "typical_volume": 211241.25, "trend": 18.736667, "fair_value": 15.727244, "relative_strength": 5.141453, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.117943, "energy": 12.680352, "activity_lines": [ 18.833333, 19.162727, 19.077619, 18.849032 ] }, { "date": "2025-04-18", "close": 18.299999, "volume": 107006, "typical_volume": 214688.55, "trend": 18.721667, "fair_value": 15.757692, "relative_strength": 5.398631, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.23139, "energy": 15.284622, "activity_lines": [ 18.559999, 18.967272, 19.042381, 18.82086 ] }, { "date": "2025-04-25", "close": 18.700001, "volume": 386340, "typical_volume": 222255.55, "trend": 18.691667, "fair_value": 15.792949, "relative_strength": 4.83959, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.767039, "energy": 17.643045, "activity_lines": [ 18.513333, 18.874545, 19.042619, 18.819462 ] }, { "date": "2025-05-02", "close": 19.700001, "volume": 363012, "typical_volume": 237206.15, "trend": 18.666667, "fair_value": 15.836538, "relative_strength": 5.566152, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.393888, "energy": 13.384656, "activity_lines": [ 18.88, 18.979091, 19.12619, 18.884516 ] }, { "date": "2025-05-09", "close": 18.65, "volume": 381560, "typical_volume": 250234.15, "trend": 18.63, "fair_value": 15.873718, "relative_strength": -0.635581, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.983393, "energy": 5.350507, "activity_lines": [ 18.87, 18.89, 19.099762, 18.883441 ] }, { "date": "2025-05-16", "close": 18.549999, "volume": 344334, "typical_volume": 263600.85, "trend": 18.676667, "fair_value": 15.912821, "relative_strength": -5.280484, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.963251, "energy": 8.425998, "activity_lines": [ 18.81, 18.802727, 19.059286, 18.878279 ] }, { "date": "2025-05-23", "close": 18.25, "volume": 241000, "typical_volume": 241750.85, "trend": 18.628333, "fair_value": 15.95, "relative_strength": -5.909388, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.128978, "energy": 4.151966, "activity_lines": [ 18.633333, 18.675454, 18.983571, 18.850753 ] }, { "date": "2025-05-30", "close": 16.65, "volume": 146083, "typical_volume": 242805.0, "trend": 18.565, "fair_value": 15.973397, "relative_strength": -12.760262, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.606019, "energy": 39.881643, "activity_lines": [ 17.926667, 18.283636, 18.75119, 18.723118 ] }, { "date": "2025-06-06", "close": 17.700001, "volume": 119000, "typical_volume": 242705.0, "trend": 18.543333, "fair_value": 15.991346, "relative_strength": -8.516911, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.619789, "energy": 41.796701, "activity_lines": [ 17.706667, 18.141818, 18.624286, 18.667312 ] }, { "date": "2025-06-13", "close": 16.85, "volume": 219543, "typical_volume": 206632.15, "trend": 18.491667, "fair_value": 15.994551, "relative_strength": -14.371248, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.63615, "energy": 51.770096, "activity_lines": [ 17.336667, 17.874546, 18.413571, 18.558064 ] }, { "date": "2025-06-20", "close": 15.8, "volume": 284000, "typical_volume": 215032.15, "trend": 18.418333, "fair_value": 16.003205, "relative_strength": -18.934296, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.028221, "energy": 70.404616, "activity_lines": [ 16.736667, 17.444546, 18.118571, 18.384409 ] }, { "date": "2025-06-27", "close": 15.85, "volume": 201051, "typical_volume": 205584.7, "trend": 18.355, "fair_value": 16.01891, "relative_strength": -19.725309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.410629, "energy": 67.128807, "activity_lines": [ 16.336667, 17.069091, 17.852381, 18.21871 ] }, { "date": "2025-07-04", "close": 15.7, "volume": 201000, "typical_volume": 208071.95, "trend": 18.338333, "fair_value": 16.030769, "relative_strength": -19.418907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.118039, "energy": 70.21472, "activity_lines": [ 16.046667, 16.710909, 17.591429, 18.047419 ] }, { "date": "2025-07-11", "close": 14.7, "volume": 393011, "typical_volume": 219355.0, "trend": 18.241667, "fair_value": 16.035897, "relative_strength": -24.308994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.965629, "energy": 79.351486, "activity_lines": [ 15.486667, 16.225455, 17.253571, 17.812688 ] }, { "date": "2025-07-18", "close": 14.3, "volume": 191000, "typical_volume": 220755.0, "trend": 18.128333, "fair_value": 16.041667, "relative_strength": -27.386193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.338931, "energy": 80.638879, "activity_lines": [ 14.993333, 15.758182, 16.900714, 17.558387 ] }, { "date": "2025-07-25", "close": 14.45, "volume": 293000, "typical_volume": 229804.95, "trend": 18.038333, "fair_value": 16.047756, "relative_strength": -25.63706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.770991, "energy": 76.88835, "activity_lines": [ 14.72, 15.397273, 16.588095, 17.321075 ] }, { "date": "2025-08-01", "close": 13.75, "volume": 94000, "typical_volume": 229854.9, "trend": 17.918333, "fair_value": 16.044872, "relative_strength": -28.677488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.176833, "energy": 81.814252, "activity_lines": [ 14.303333, 14.983636, 16.232143, 17.044409 ] }, { "date": "2025-08-08", "close": 14.1, "volume": 142000, "typical_volume": 231554.8, "trend": 17.795, "fair_value": 16.044551, "relative_strength": -27.885484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.63409, "energy": 72.987044, "activity_lines": [ 14.143333, 14.715455, 15.937857, 16.798065 ] }, { "date": "2025-08-15", "close": 14.9, "volume": 408001, "typical_volume": 249531.95, "trend": 17.721667, "fair_value": 16.050962, "relative_strength": -24.144127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.623411, "energy": 53.430082, "activity_lines": [ 14.356667, 14.639091, 15.747381, 16.61129 ] }, { "date": "2025-08-22", "close": 14.5, "volume": 102000, "typical_volume": 246281.65, "trend": 17.533333, "fair_value": 16.053846, "relative_strength": -23.954857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.928923, "energy": 49.035658, "activity_lines": [ 14.423333, 14.540909, 15.539762, 16.403441 ] }, { "date": "2025-08-29", "close": 14.5, "volume": 119070, "typical_volume": 236800.55, "trend": 17.321667, "fair_value": 16.057051, "relative_strength": -24.828492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.472757, "energy": 43.216366, "activity_lines": [ 14.476667, 14.485455, 15.350714, 16.207742 ] }, { "date": "2025-09-05", "close": 14.0, "volume": 115006, "typical_volume": 237200.55, "trend": 17.123333, "fair_value": 16.05641, "relative_strength": -27.616417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.748457, "energy": 44.144245, "activity_lines": [ 14.36, 14.362727, 15.132143, 15.993441 ] }, { "date": "2025-09-12", "close": 13.9, "volume": 129900, "typical_volume": 224378.55, "trend": 16.935, "fair_value": 16.05609, "relative_strength": -30.288082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.534376, "energy": 46.376338, "activity_lines": [ 14.193333, 14.255455, 14.924524, 15.785484 ] }, { "date": "2025-09-19", "close": 13.8, "volume": 88020, "typical_volume": 210628.95, "trend": 16.743333, "fair_value": 16.055128, "relative_strength": -30.520309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.948697, "energy": 48.472275, "activity_lines": [ 14.006667, 14.162727, 14.730238, 15.583226 ] }, { "date": "2025-09-26", "close": 13.2, "volume": 154000, "typical_volume": 199250.95, "trend": 16.525, "fair_value": 16.050962, "relative_strength": -32.934221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.980149, "energy": 57.876533, "activity_lines": [ 13.693333, 13.977273, 14.506905, 15.354624 ] }, { "date": "2025-10-03", "close": 13.95, "volume": 180000, "typical_volume": 191034.25, "trend": 16.345, "fair_value": 16.051923, "relative_strength": -31.61027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.391247, "energy": 46.666059, "activity_lines": [ 13.716667, 13.948182, 14.380952, 15.188495 ] }, { "date": "2025-10-10", "close": 14.25, "volume": 257000, "typical_volume": 191834.25, "trend": 16.163333, "fair_value": 16.054487, "relative_strength": -30.889485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.728052, "energy": 40.857324, "activity_lines": [ 13.876667, 13.982727, 14.305476, 15.053333 ] }, { "date": "2025-10-17", "close": 13.2, "volume": 232001, "typical_volume": 196130.15, "trend": 15.94, "fair_value": 16.050641, "relative_strength": -35.547352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.336236, "energy": 44.313715, "activity_lines": [ 13.67, 13.817273, 14.149048, 14.862151 ] }, { "date": "2025-10-24", "close": 12.3, "volume": 254001, "typical_volume": 202880.2, "trend": 15.706667, "fair_value": 16.042949, "relative_strength": -39.838724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.517803, "energy": 51.916336, "activity_lines": [ 13.21, 13.504545, 13.923333, 14.627312 ] }, { "date": "2025-10-31", "close": 12.25, "volume": 142009, "typical_volume": 199003.5, "trend": 15.501667, "fair_value": 16.033654, "relative_strength": -41.020351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.251374, "energy": 61.739732, "activity_lines": [ 12.833333, 13.23, 13.718571, 14.404301 ] }, { "date": "2025-11-07", "close": 13.4, "volume": 84008, "typical_volume": 189003.9, "trend": 15.338333, "fair_value": 16.033654, "relative_strength": -33.568383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.185293, "energy": 55.891295, "activity_lines": [ 12.903333, 13.205455, 13.645238, 14.26871 ] }, { "date": "2025-11-14", "close": 12.1, "volume": 141001, "typical_volume": 186001.4, "trend": 15.131667, "fair_value": 16.023718, "relative_strength": -38.910487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.792486, "energy": 67.243861, "activity_lines": [ 12.576667, 12.964545, 13.459524, 14.059785 ] }, { "date": "2025-11-21", "close": 11.7, "volume": 144005, "typical_volume": 183151.65, "trend": 14.898333, "fair_value": 16.007692, "relative_strength": -38.205644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.983304, "energy": 59.403255, "activity_lines": [ 12.26, 12.685455, 13.253571, 13.838387 ] }, { "date": "2025-11-28", "close": 12.2, "volume": 192000, "typical_volume": 173101.1, "trend": 14.648333, "fair_value": 15.99391, "relative_strength": -37.787135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.766737, "energy": 45.996036, "activity_lines": [ 12.21, 12.537273, 13.114286, 13.664301 ] }, { "date": "2025-12-05", "close": 12.15, "volume": 128000, "typical_volume": 169951.1, "trend": 14.431667, "fair_value": 15.953526, "relative_strength": -38.336628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.839127, "energy": 46.777807, "activity_lines": [ 12.15, 12.409091, 12.982143, 13.503118 ] }, { "date": "2025-12-12", "close": 11.5, "volume": 205000, "typical_volume": 165551.1, "trend": 14.196667, "fair_value": 15.923077, "relative_strength": -41.52437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.160989, "energy": 50.694186, "activity_lines": [ 11.88, 12.181818, 12.798333, 13.313979 ] }, { "date": "2025-12-19", "close": 11.05, "volume": 258000, "typical_volume": 173751.1, "trend": 13.956667, "fair_value": 15.894231, "relative_strength": -42.20532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.169824, "energy": 53.46128, "activity_lines": [ 11.586667, 11.917273, 12.585714, 13.110968 ] }, { "date": "2025-12-26", "close": 11.5, "volume": 200000, "typical_volume": 176651.1, "trend": 13.785, "fair_value": 15.866987, "relative_strength": -41.072852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.198042, "energy": 52.602539, "activity_lines": [ 11.513333, 11.792727, 12.42881, 12.952473 ] }, { "date": "2026-01-02", "close": 11.4, "volume": 209000, "typical_volume": 166701.05, "trend": 13.575, "fair_value": 15.846795, "relative_strength": -42.588408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.50133, "energy": 54.700552, "activity_lines": [ 11.42, 11.680909, 12.274762, 12.798602 ] }, { "date": "2026-01-09", "close": 10.95, "volume": 263000, "typical_volume": 174751.05, "trend": 13.378333, "fair_value": 15.826282, "relative_strength": -45.92588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.525673, "energy": 55.519545, "activity_lines": [ 11.23, 11.503636, 12.094524, 12.629247 ] }, { "date": "2026-01-16", "close": 11.4, "volume": 294000, "typical_volume": 183497.55, "trend": 13.231667, "fair_value": 15.798718, "relative_strength": -45.110465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.465636, "energy": 45.290301, "activity_lines": [ 11.27, 11.431818, 11.974048, 12.501613 ] }, { "date": "2026-01-23", "close": 11.15, "volume": 242000, "typical_volume": 189847.25, "trend": 13.075, "fair_value": 15.782051, "relative_strength": -46.430076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.245169, "energy": 45.360432, "activity_lines": [ 11.233333, 11.350909, 11.844524, 12.367312 ] }, { "date": "2026-01-30", "close": 11.4, "volume": 177000, "typical_volume": 192202.25, "trend": 12.931667, "fair_value": 15.767308, "relative_strength": -44.534299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.273873, "energy": 40.732487, "activity_lines": [ 11.273333, 11.332727, 11.752381, 12.259247 ] }, { "date": "2026-02-06", "close": 10.85, "volume": 169000, "typical_volume": 196251.25, "trend": 12.803333, "fair_value": 15.748077, "relative_strength": -45.919063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.205468, "energy": 43.776574, "activity_lines": [ 11.136667, 11.22, 11.619762, 12.124946 ] }, { "date": "2026-02-13", "close": 10.95, "volume": 144000, "typical_volume": 195751.25, "trend": 12.691667, "fair_value": 15.730449, "relative_strength": -47.552465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.926555, "energy": 42.754901, "activity_lines": [ 11.07, 11.15, 11.510714, 12.005376 ] }, { "date": "2026-02-27", "close": 11.2, "volume": 225000, "typical_volume": 198001.25, "trend": 12.583333, "fair_value": 15.715064, "relative_strength": -48.282334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.110941, "energy": 38.994386, "activity_lines": [ 11.086667, 11.147273, 11.43619, 11.90914 ] }, { "date": "2026-03-06", "close": 11.1, "volume": 223000, "typical_volume": 196301.25, "trend": 12.495, "fair_value": 15.697436, "relative_strength": -45.066085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.02889, "energy": 39.29457, "activity_lines": [ 11.083333, 11.131818, 11.365238, 11.813441 ] }, { "date": "2026-03-13", "close": 10.35, "volume": 244000, "typical_volume": 196901.2, "trend": 12.37, "fair_value": 15.675641, "relative_strength": -47.554575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.547962, "energy": 45.810594, "activity_lines": [ 10.833333, 10.979091, 11.237857, 11.675054 ] }, { "date": "2026-03-20", "close": 10.45, "volume": 215000, "typical_volume": 194951.15, "trend": 12.221667, "fair_value": 15.649679, "relative_strength": -46.250688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.048983, "energy": 45.936481, "activity_lines": [ 10.686667, 10.865455, 11.133571, 11.551183 ] }, { "date": "2026-03-27", "close": 10.3, "volume": 214034, "typical_volume": 198552.4, "trend": 12.081667, "fair_value": 15.630128, "relative_strength": -45.26993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.109709, "energy": 51.308876, "activity_lines": [ 10.516667, 10.741818, 11.02381, 11.427204 ] }, { "date": "2026-04-03", "close": 10.05, "volume": 315001, "typical_volume": 210102.05, "trend": 11.933333, "fair_value": 15.607692, "relative_strength": -44.616764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.667029, "energy": 63.831637, "activity_lines": [ 10.306667, 10.584545, 10.899524, 11.296129 ] }, { "date": "2026-04-10", "close": 9.75, "volume": 406000, "typical_volume": 223352.0, "trend": 11.791667, "fair_value": 15.585577, "relative_strength": -49.561691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.9519, "energy": 65.11605, "activity_lines": [ 10.073333, 10.397273, 10.762619, 11.155269 ] }, { "date": "2026-04-17", "close": 10.1, "volume": 894003, "typical_volume": 260851.9, "trend": 11.665, "fair_value": 15.566987, "relative_strength": -48.517383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.710688, "energy": 53.486865, "activity_lines": [ 10.046667, 10.299091, 10.670238, 11.046129 ] }, { "date": "2026-04-24", "close": 10.8, "volume": 259000, "typical_volume": 264201.9, "trend": 11.565, "fair_value": 15.551603, "relative_strength": -46.676887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.261428, "energy": 39.22168, "activity_lines": [ 10.27, 10.351818, 10.652143, 10.990323 ] }, { "date": "2026-05-01", "close": 10.35, "volume": 722000, "typical_volume": 293901.9, "trend": 11.47, "fair_value": 15.532692, "relative_strength": -47.583007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.975378, "energy": 30.688336, "activity_lines": [ 10.32, 10.323636, 10.597857, 10.911935 ] }, { "date": "2026-05-08", "close": 10.25, "volume": 200266, "typical_volume": 293665.2, "trend": 11.346667, "fair_value": 15.514423, "relative_strength": -50.103372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.001167, "energy": 22.082671, "activity_lines": [ 10.333333, 10.288182, 10.542619, 10.833226 ] }, { "date": "2026-05-15", "close": 10.75, "volume": 1006010, "typical_volume": 331065.7, "trend": 11.23, "fair_value": 15.499679, "relative_strength": -45.789408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.268755, "energy": 16.379262, "activity_lines": [ 10.5, 10.360909, 10.540952, 10.794731 ] }, { "date": "2026-05-22", "close": 12.45, "volume": 1972149, "typical_volume": 419673.15, "trend": 11.205, "fair_value": 15.496474, "relative_strength": -37.45887, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.745952, "energy": 15.615869, "activity_lines": [ 11.166667, 10.749091, 10.702619, 10.873441 ] }, { "date": "2026-05-29", "close": 11.9, "volume": 718060, "typical_volume": 445126.15, "trend": 11.191667, "fair_value": 15.491026, "relative_strength": -42.153244, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.873406, "energy": 24.577911, "activity_lines": [ 11.493333, 10.999091, 10.807381, 10.91828 ] }, { "date": "2026-06-05", "close": 12.75, "volume": 1045004, "typical_volume": 484226.35, "trend": 11.208333, "fair_value": 15.488782, "relative_strength": -37.180349, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.431507, "energy": 48.049237, "activity_lines": [ 12.03, 11.377273, 10.990714, 11.018817 ] }, { "date": "2026-06-12", "close": 12.15, "volume": 258005, "typical_volume": 482426.6, "trend": 11.166667, "fair_value": 15.479487, "relative_strength": -37.466605, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.42054, "energy": 53.562466, "activity_lines": [ 12.206667, 11.601818, 11.108333, 11.07957 ] }, { "date": "2026-06-19", "close": 11.4, "volume": 255390, "typical_volume": 483096.1, "trend": 11.143333, "fair_value": 15.466346, "relative_strength": -42.933766, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.455702, "energy": 42.534759, "activity_lines": [ 12.006667, 11.651818, 11.150952, 11.094624 ] }, { "date": "2026-06-26", "close": 12.95, "volume": 1664110, "typical_volume": 557451.6, "trend": 11.185, "fair_value": 15.465385, "relative_strength": -31.107743, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 68.146142, "energy": 51.904204, "activity_lines": [ 12.28, 11.953636, 11.34, 11.211183 ] }, { "date": "2026-07-03", "close": 13.95, "volume": 1603314, "typical_volume": 629167.3, "trend": 11.243333, "fair_value": 15.470833, "relative_strength": -27.965797, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.463319, "energy": 53.720472, "activity_lines": [ 12.853333, 12.385455, 11.616905, 11.38957 ] }, { "date": "2026-07-10", "close": 12.6, "volume": 285202, "typical_volume": 636227.4, "trend": 11.258333, "fair_value": 15.466346, "relative_strength": -31.560641, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.652772, "energy": 39.079189, "activity_lines": [ 12.84, 12.514545, 11.750476, 11.477097 ] }, { "date": "2026-07-17", "close": 9.98, "volume": 1545081, "typical_volume": 702231.45, "trend": 11.207667, "fair_value": 15.445705, "relative_strength": -41.235156, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.547449, "energy": 15.775368, "activity_lines": [ 11.963333, 12.126364, 11.626667, 11.394624 ] }, { "date": "2026-07-24", "close": 9.86, "volume": 174001, "typical_volume": 699781.5, "trend": 11.168, "fair_value": 15.425897, "relative_strength": -42.172145, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.123665, "energy": 10.48942, "activity_lines": [ 11.191333, 11.721273, 11.497238, 11.307677 ] }, { "date": "2026-07-31", "close": 10.0, "volume": 368000, "typical_volume": 705981.5, "trend": 11.118, "fair_value": 15.409231, "relative_strength": -39.47125, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.876651, "energy": 27.008296, "activity_lines": [ 10.568667, 11.357818, 11.387048, 11.232323 ] }, { "date": "2026-08-07", "close": 10.1, "volume": 259000, "typical_volume": 708181.5, "trend": 11.074667, "fair_value": 15.392244, "relative_strength": -39.303244, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.410601, "energy": 31.659157, "activity_lines": [ 10.176, 11.057091, 11.288048, 11.166645 ] }, { "date": "2026-08-14", "close": 9.77, "volume": 214004, "typical_volume": 708180.0, "trend": 11.035333, "fair_value": 15.373782, "relative_strength": -42.214183, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.744503, "energy": 46.740861, "activity_lines": [ 9.93, 10.729091, 11.159286, 11.082473 ] } ], "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." } } }