{ "ticker": { "uuid": "9ec3a845-be74-4214-88bc-8d8f253ae85b", "symbol": "000963", "name": "Huadong Medicine Co., Ltd", "exchange": "SHZ", "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": "399001.SZ", "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": -40.334, "architecture_energy": 26.633, "architecture_maturity": 100.0, "architecture_confidence": 78.127, "architecture_tenure": "Extended", "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": 37.26, "rotation_up": 26.42, "upward_expansion": 19.45, "deceleration": 46.81, "rotation_down": 32.68, "downward_expansion": 58.11 }, "activity_lines": [ 29.114, 28.990349, 29.549506, 30.825285 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 28.99, "trend_reference": 32.711204, "distance_from_trend": -0.113759, "trend_direction": "Weakening", "fair_value": 35.187057, "distance_from_fair_value": -0.176118, "fair_value_direction": "Weakening", "relative_strength": -23.997299, "relative_strength_direction": "Improving", "price_momentum": -0.196285, "excess_performance": -0.203685, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.113759, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.111235, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.176118, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.078201, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.239973, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.10276, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.196285, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.422635, "read": "Supply-led" } ], "volume": { "latest": 135379124, "relative_activity": 1.973913, "balance": 0.422635, "dry_up": 1.924815, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.077625, "annualized_volatility": 0.294545, "from_high_reference": -0.382785, "from_low_reference": 0.09769 }, "levels": { "trend_reference": 32.711204, "fair_value_reference": 35.187057, "structural_low": 26.41, "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": 23, "median_return": 0.019716, "positive_rate": 0.608696, "directional_follow_through": 0.391304, "median_excess_return": 0.005181, "regime_survival": 0.826087, "best_return": 0.152069, "worst_return": -0.14552, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.06895, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.02923, "regime_survival": 0.5, "best_return": 0.193689, "worst_return": -0.14878, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.012345, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.009921, "regime_survival": 0.4, "best_return": 0.131386, "worst_return": -0.240474, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.282965, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.359165, "regime_survival": 0.333333, "best_return": 0.43138, "worst_return": -0.221876, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-14", "end": "2023-08-18", "tenure": "Developing", "return": -0.161355, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-08-25", "end": "2023-10-20", "tenure": "Developing", "return": 0.085676, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-27", "end": "2024-01-05", "tenure": "Developing", "return": -0.144556, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-12", "end": "2024-03-15", "tenure": "Developing", "return": -0.073231, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-22", "end": "2024-03-22", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-29", "end": "2024-09-20", "tenure": "Established", "return": -0.083214, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-18", "tenure": "New", "return": 0.017896, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-01-03", "tenure": "Developing", "return": -0.037697, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-04-04", "tenure": "Established", "return": 0.187558, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-11", "end": "2025-07-04", "tenure": "Established", "return": 0.116404, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.064789, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-26", "tenure": "Developing", "return": -0.037792, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2026-01-02", "tenure": "Established", "return": -0.050541, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-08-07", "tenure": "Extended", "return": -0.268483, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 43.363678, "volume": 28718060, "typical_volume": 43412991.0, "trend": 42.130968, "fair_value": 35.493694, "relative_strength": 7.726347, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.559554, "energy": 40.435717, "activity_lines": [ 42.591924, 41.56351, 40.711784, 41.185713 ] }, { "date": "2023-08-04", "close": 39.160152, "volume": 69512815, "typical_volume": 44289850.75, "trend": 41.966668, "fair_value": 35.573724, "relative_strength": -3.988581, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.857979, "energy": 14.97713, "activity_lines": [ 41.510204, 41.290425, 40.566149, 40.994047 ] }, { "date": "2023-08-11", "close": 37.414219, "volume": 90569751, "typical_volume": 46988187.6, "trend": 41.728469, "fair_value": 35.657717, "relative_strength": -4.630782, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.533075, "energy": 26.725132, "activity_lines": [ 39.97935, 40.715862, 40.265145, 40.700341 ] }, { "date": "2023-08-18", "close": 35.706238, "volume": 59531916, "typical_volume": 47538616.35, "trend": 41.353261, "fair_value": 35.720738, "relative_strength": -5.892295, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.169089, "energy": 46.338365, "activity_lines": [ 38.270105, 39.820743, 39.818906, 40.31181 ] }, { "date": "2023-08-25", "close": 35.108444, "volume": 56263413, "typical_volume": 48867868.45, "trend": 40.987645, "fair_value": 35.783268, "relative_strength": -4.571564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.553717, "energy": 70.900844, "activity_lines": [ 36.819587, 38.851162, 39.35359, 39.908918 ] }, { "date": "2023-09-01", "close": 36.199654, "volume": 45330533, "typical_volume": 48323384.3, "trend": 40.70268, "fair_value": 35.856433, "relative_strength": -4.923762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.840008, "energy": 75.266785, "activity_lines": [ 36.16929, 38.170214, 39.036802, 39.600016 ] }, { "date": "2023-09-08", "close": 35.326691, "volume": 28888124, "typical_volume": 45739657.4, "trend": 40.325183, "fair_value": 35.92245, "relative_strength": -5.677574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.584247, "energy": 77.875212, "activity_lines": [ 35.705607, 37.400244, 38.66646, 39.253178 ] }, { "date": "2023-09-15", "close": 38.989353, "volume": 84257876, "typical_volume": 47002275.1, "trend": 40.130068, "fair_value": 36.00234, "relative_strength": 5.207348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.249501, "energy": 53.71309, "activity_lines": [ 36.718374, 37.402141, 38.661366, 39.166995 ] }, { "date": "2023-09-22", "close": 38.002522, "volume": 53511748, "typical_volume": 48634539.65, "trend": 39.884787, "fair_value": 36.0873, "relative_strength": 2.038899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.517536, "energy": 31.936698, "activity_lines": [ 37.29719, 37.302595, 38.562573, 39.029734 ] }, { "date": "2023-09-29", "close": 40.080563, "volume": 66618680, "typical_volume": 50218444.65, "trend": 39.776604, "fair_value": 36.195903, "relative_strength": 8.099944, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.222543, "energy": 15.161028, "activity_lines": [ 38.4156, 37.664031, 38.666358, 39.042365 ] }, { "date": "2023-10-13", "close": 40.346252, "volume": 48793269, "typical_volume": 51167178.05, "trend": 39.670682, "fair_value": 36.306507, "relative_strength": 8.829234, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.720747, "energy": 20.243799, "activity_lines": [ 39.291098, 38.102413, 38.785556, 39.079116 ] }, { "date": "2023-10-20", "close": 38.116383, "volume": 57670236, "typical_volume": 51939041.45, "trend": 39.559517, "fair_value": 36.402578, "relative_strength": 7.895258, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.760868, "energy": 20.283092, "activity_lines": [ 39.146867, 38.190227, 38.687329, 38.978839 ] }, { "date": "2023-10-27", "close": 40.69733, "volume": 54634486, "typical_volume": 51983579.9, "trend": 39.546945, "fair_value": 36.516148, "relative_strength": 12.575459, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.213627, "energy": 16.742503, "activity_lines": [ 39.676972, 38.766281, 38.844058, 39.052246 ] }, { "date": "2023-11-03", "close": 40.023628, "volume": 41103478, "typical_volume": 51577839.55, "trend": 39.425873, "fair_value": 36.620747, "relative_strength": 9.683051, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.904967, "energy": 16.275428, "activity_lines": [ 39.868645, 39.160151, 38.918368, 39.083 ] }, { "date": "2023-11-10", "close": 40.498066, "volume": 58056728, "typical_volume": 52176748.95, "trend": 39.293295, "fair_value": 36.726357, "relative_strength": 9.452099, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.963574, "energy": 17.504472, "activity_lines": [ 40.083723, 39.561784, 39.026269, 39.152174 ] }, { "date": "2023-11-17", "close": 39.217083, "volume": 35097360, "typical_volume": 52863470.9, "trend": 39.186789, "fair_value": 36.81964, "relative_strength": 5.853651, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.388832, "energy": 15.104926, "activity_lines": [ 39.843974, 39.632519, 39.010138, 39.147257 ] }, { "date": "2023-11-24", "close": 38.799576, "volume": 29859172, "typical_volume": 52378772.1, "trend": 39.18758, "fair_value": 36.901953, "relative_strength": 6.056129, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.118346, "energy": 6.478163, "activity_lines": [ 39.540333, 39.57248, 38.95813, 39.122275 ] }, { "date": "2023-12-01", "close": 39.103218, "volume": 35721585, "typical_volume": 50858255.05, "trend": 39.189386, "fair_value": 36.956261, "relative_strength": 8.007134, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.855382, "energy": 3.94162, "activity_lines": [ 39.29236, 39.504506, 38.946247, 39.116833 ] }, { "date": "2023-12-08", "close": 37.490124, "volume": 38515183, "typical_volume": 50364007.05, "trend": 39.13962, "fair_value": 37.022424, "relative_strength": 5.111706, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.272636, "energy": 16.974899, "activity_lines": [ 38.612963, 39.141172, 38.800616, 39.007203 ] }, { "date": "2023-12-15", "close": 37.594501, "volume": 29244704, "typical_volume": 50594955.85, "trend": 39.125993, "fair_value": 37.079352, "relative_strength": 7.018341, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.920818, "energy": 26.732753, "activity_lines": [ 38.137259, 38.806132, 38.689146, 38.907518 ] }, { "date": "2023-12-22", "close": 37.641949, "volume": 29401526, "typical_volume": 50629129.15, "trend": 39.071239, "fair_value": 37.151738, "relative_strength": 8.805829, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.197442, "energy": 40.319789, "activity_lines": [ 37.870942, 38.52492, 38.601533, 38.811773 ] }, { "date": "2023-12-29", "close": 39.340439, "volume": 42363923, "typical_volume": 49271684.55, "trend": 39.047979, "fair_value": 37.228927, "relative_strength": 9.856563, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.973346, "energy": 24.933528, "activity_lines": [ 38.275797, 38.601693, 38.702927, 38.829141 ] }, { "date": "2024-01-05", "close": 34.814293, "volume": 63306714, "typical_volume": 47908532.7, "trend": 38.979675, "fair_value": 37.28444, "relative_strength": 1.585009, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.504806, "energy": 54.300688, "activity_lines": [ 37.13588, 37.833275, 38.372402, 38.556 ] }, { "date": "2024-01-12", "close": 34.59605, "volume": 69995584, "typical_volume": 48431716.1, "trend": 38.879916, "fair_value": 37.327039, "relative_strength": 2.378817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.360246, "energy": 61.829913, "activity_lines": [ 36.209143, 37.132141, 38.033472, 38.273185 ] }, { "date": "2024-01-19", "close": 32.698299, "volume": 46278494, "typical_volume": 47932470.15, "trend": 38.634157, "fair_value": 37.368989, "relative_strength": -0.832098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.758395, "energy": 77.238572, "activity_lines": [ 34.84276, 36.184644, 37.51909, 37.874371 ] }, { "date": "2024-01-26", "close": 29.946558, "volume": 71245905, "typical_volume": 49228238.75, "trend": 38.297938, "fair_value": 37.402487, "relative_strength": -8.626678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.939486, "energy": 91.301672, "activity_lines": [ 32.885544, 34.878645, 36.754115, 37.313881 ] }, { "date": "2024-02-02", "close": 27.479475, "volume": 78160258, "typical_volume": 51691845.45, "trend": 37.842161, "fair_value": 37.408357, "relative_strength": -8.595949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.486718, "energy": 95.186669, "activity_lines": [ 30.618993, 33.292641, 35.783956, 36.615916 ] }, { "date": "2024-02-09", "close": 30.060421, "volume": 82737336, "typical_volume": 51615818.45, "trend": 37.401566, "fair_value": 37.438767, "relative_strength": -8.53762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.70049, "energy": 87.386814, "activity_lines": [ 30.003488, 32.381719, 35.096969, 36.113868 ] }, { "date": "2024-02-23", "close": 31.369873, "volume": 81138143, "typical_volume": 52997138.2, "trend": 37.028024, "fair_value": 37.464683, "relative_strength": -6.962549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.900495, "energy": 83.329463, "activity_lines": [ 30.141393, 31.873294, 34.57721, 35.724726 ] }, { "date": "2024-03-01", "close": 31.607092, "volume": 65373015, "typical_volume": 52934854.95, "trend": 36.693071, "fair_value": 37.509959, "relative_strength": -9.665697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.938298, "energy": 57.851651, "activity_lines": [ 30.573448, 31.519277, 34.111628, 35.374989 ] }, { "date": "2024-03-08", "close": 30.40202, "volume": 66545362, "typical_volume": 53822459.6, "trend": 36.261016, "fair_value": 37.555684, "relative_strength": -12.225929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.188482, "energy": 49.819259, "activity_lines": [ 30.67656, 31.055018, 33.571627, 34.969115 ] }, { "date": "2024-03-15", "close": 32.062557, "volume": 79028628, "typical_volume": 54890379.2, "trend": 36.024429, "fair_value": 37.582759, "relative_strength": -9.628015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.91459, "energy": 36.403361, "activity_lines": [ 31.302821, 31.024309, 33.237126, 34.698246 ] }, { "date": "2024-03-22", "close": 30.079399, "volume": 49110524, "typical_volume": 54614181.1, "trend": 35.779935, "fair_value": 37.577552, "relative_strength": -14.505885, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -51.500147, "energy": 38.047958, "activity_lines": [ 30.962489, 30.765352, 32.742581, 34.314696 ] }, { "date": "2024-03-29", "close": 29.415184, "volume": 38736613, "typical_volume": 54495837.85, "trend": 35.570233, "fair_value": 37.576141, "relative_strength": -14.685193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.373439, "energy": 45.170119, "activity_lines": [ 30.399488, 30.471718, 32.235338, 33.904067 ] }, { "date": "2024-04-05", "close": 29.519562, "volume": 38168059, "typical_volume": 53501404.4, "trend": 35.383937, "fair_value": 37.545389, "relative_strength": -15.479436, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.062247, "energy": 45.552091, "activity_lines": [ 30.001592, 30.291258, 31.788553, 33.513701 ] }, { "date": "2024-04-12", "close": 27.517431, "volume": 55344451, "typical_volume": 54513758.95, "trend": 35.09453, "fair_value": 37.497447, "relative_strength": -18.190839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.405377, "energy": 68.565015, "activity_lines": [ 29.075487, 29.804571, 31.203367, 33.006184 ] }, { "date": "2024-04-19", "close": 29.889624, "volume": 76592341, "typical_volume": 56850417.4, "trend": 34.913294, "fair_value": 37.439891, "relative_strength": -11.397403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.653144, "energy": 56.109525, "activity_lines": [ 29.13242, 29.793356, 30.899817, 32.670384 ] }, { "date": "2024-04-26", "close": 31.094698, "volume": 81735154, "typical_volume": 59151095.85, "trend": 34.650139, "fair_value": 37.426515, "relative_strength": -9.473853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.211271, "energy": 41.59543, "activity_lines": [ 29.735906, 29.957426, 30.753464, 32.424023 ] }, { "date": "2024-05-03", "close": 31.256002, "volume": 30041683, "typical_volume": 58727420.85, "trend": 34.425255, "fair_value": 37.395379, "relative_strength": -10.113585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.795485, "energy": 30.276522, "activity_lines": [ 30.325473, 30.132018, 30.660609, 32.205046 ] }, { "date": "2024-05-10", "close": 31.701979, "volume": 67280163, "typical_volume": 60629193.8, "trend": 34.145969, "fair_value": 37.385657, "relative_strength": -10.092528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.597371, "energy": 22.014007, "activity_lines": [ 30.940978, 30.389768, 30.639914, 32.029351 ] }, { "date": "2024-05-17", "close": 31.550158, "volume": 62738301, "typical_volume": 62296032.55, "trend": 33.852766, "fair_value": 37.339103, "relative_strength": -10.208998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.094073, "energy": 22.999527, "activity_lines": [ 31.360382, 30.618188, 30.63282, 31.86188 ] }, { "date": "2024-05-24", "close": 29.690361, "volume": 57448877, "typical_volume": 63050280.25, "trend": 33.571898, "fair_value": 37.261536, "relative_strength": -12.80786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.249489, "energy": 18.480637, "activity_lines": [ 30.891005, 30.487588, 30.477611, 31.593337 ] }, { "date": "2024-05-31", "close": 30.568241, "volume": 43646367, "typical_volume": 62067262.9, "trend": 33.234262, "fair_value": 37.143416, "relative_strength": -9.518989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.444467, "energy": 13.167077, "activity_lines": [ 30.727539, 30.559734, 30.451963, 31.399553 ] }, { "date": "2024-06-07", "close": 30.316971, "volume": 42758366, "typical_volume": 60705402.0, "trend": 32.910707, "fair_value": 37.077741, "relative_strength": -9.017536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.517868, "energy": 22.210746, "activity_lines": [ 30.515413, 30.577306, 30.422603, 31.211341 ] }, { "date": "2024-06-14", "close": 29.920732, "volume": 32646116, "typical_volume": 60023783.1, "trend": 32.558129, "fair_value": 36.984527, "relative_strength": -10.116763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.816922, "energy": 29.523716, "activity_lines": [ 30.23381, 30.506439, 30.375882, 31.018439 ] }, { "date": "2024-06-21", "close": 27.862232, "volume": 40596813, "typical_volume": 58491328.5, "trend": 32.179634, "fair_value": 36.869824, "relative_strength": -14.383103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.507705, "energy": 54.220637, "activity_lines": [ 29.38479, 30.054005, 30.146341, 30.715478 ] }, { "date": "2024-06-28", "close": 26.876472, "volume": 57237009, "typical_volume": 57445166.05, "trend": 31.782197, "fair_value": 36.737525, "relative_strength": -15.164632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.098362, "energy": 73.043954, "activity_lines": [ 28.453044, 29.416072, 29.832843, 30.373338 ] }, { "date": "2024-07-05", "close": 26.596207, "volume": 60273783, "typical_volume": 56321988.4, "trend": 31.365297, "fair_value": 36.62658, "relative_strength": -14.31228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.294052, "energy": 79.285851, "activity_lines": [ 27.61547, 28.781967, 29.495525, 30.038758 ] }, { "date": "2024-07-12", "close": 26.789494, "volume": 56642847, "typical_volume": 55097223.6, "trend": 31.008609, "fair_value": 36.511202, "relative_strength": -14.911052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.152803, "energy": 79.907503, "activity_lines": [ 27.107127, 28.264796, 29.193111, 29.743545 ] }, { "date": "2024-07-19", "close": 28.490414, "volume": 51532805, "typical_volume": 54405213.1, "trend": 30.70514, "fair_value": 36.43539, "relative_strength": -9.629538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.990395, "energy": 69.830891, "activity_lines": [ 27.400923, 28.138092, 29.074501, 29.581081 ] }, { "date": "2024-07-26", "close": 27.446667, "volume": 44355767, "typical_volume": 53295733.35, "trend": 30.365297, "fair_value": 36.328482, "relative_strength": -9.521538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.739324, "energy": 49.453771, "activity_lines": [ 27.442157, 27.880009, 28.871327, 29.370857 ] }, { "date": "2024-08-02", "close": 27.939547, "volume": 37129418, "typical_volume": 51200772.85, "trend": 29.985267, "fair_value": 36.248959, "relative_strength": -7.129968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.094605, "energy": 37.347358, "activity_lines": [ 27.675389, 27.786148, 28.729168, 29.214357 ] }, { "date": "2024-08-09", "close": 27.794582, "volume": 44046086, "typical_volume": 50947550.95, "trend": 29.751277, "fair_value": 36.181039, "relative_strength": -5.545032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.447642, "energy": 26.477254, "activity_lines": [ 27.789428, 27.697764, 28.592836, 29.073023 ] }, { "date": "2024-08-16", "close": 29.234566, "volume": 47618425, "typical_volume": 51391641.55, "trend": 29.572561, "fair_value": 36.121689, "relative_strength": -0.139094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.696795, "energy": 18.095762, "activity_lines": [ 28.30357, 27.921624, 28.604525, 29.039686 ] }, { "date": "2024-08-23", "close": 28.75135, "volume": 52435266, "typical_volume": 52105001.9, "trend": 29.440996, "fair_value": 36.08029, "relative_strength": 0.197381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.496163, "energy": 17.572359, "activity_lines": [ 28.493635, 28.077308, 28.571054, 28.986705 ] }, { "date": "2024-08-30", "close": 28.490414, "volume": 41127986, "typical_volume": 51394178.65, "trend": 29.392457, "fair_value": 36.05011, "relative_strength": -2.6921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.376299, "energy": 17.124007, "activity_lines": [ 28.579325, 28.20681, 28.51639, 28.925377 ] }, { "date": "2024-09-06", "close": 27.755924, "volume": 37334272, "typical_volume": 49431275.2, "trend": 29.401672, "fair_value": 36.011924, "relative_strength": -2.634635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.733216, "energy": 18.715725, "activity_lines": [ 28.350603, 28.191347, 28.387141, 28.819794 ] }, { "date": "2024-09-13", "close": 26.393255, "volume": 31856099, "typical_volume": 46937322.45, "trend": 29.279434, "fair_value": 35.967641, "relative_strength": -5.627949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.66045, "energy": 34.281728, "activity_lines": [ 27.679899, 27.912135, 28.138275, 28.625703 ] }, { "date": "2024-09-20", "close": 26.967426, "volume": 20143767, "typical_volume": 46442426.65, "trend": 29.132685, "fair_value": 35.913188, "relative_strength": -4.618212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.147969, "energy": 48.529985, "activity_lines": [ 27.294007, 27.741009, 27.96648, 28.476541 ] }, { "date": "2024-09-27", "close": 31.724655, "volume": 75605784, "typical_volume": 46858707.7, "trend": 29.136604, "fair_value": 35.928205, "relative_strength": -4.503662, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 6.216052, "energy": 5.056068, "activity_lines": [ 28.645, 28.431598, 28.268175, 28.643765 ] }, { "date": "2024-10-04", "close": 34.250099, "volume": 33594339, "typical_volume": 45401509.6, "trend": 29.264873, "fair_value": 35.96235, "relative_strength": -6.591309, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.051287, "energy": 56.134948, "activity_lines": [ 30.639588, 29.522555, 28.810282, 28.973668 ] }, { "date": "2024-10-11", "close": 32.517532, "volume": 92898660, "typical_volume": 47173998.75, "trend": 29.280039, "fair_value": 35.986168, "relative_strength": -6.805134, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.200379, "energy": 58.568377, "activity_lines": [ 31.672675, 30.1748, 29.174525, 29.183517 ] }, { "date": "2024-10-18", "close": 32.292393, "volume": 49745201, "typical_volume": 47478940.45, "trend": 29.353806, "fair_value": 36.014539, "relative_strength": -9.658031, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.180766, "energy": 73.499446, "activity_lines": [ 32.313275, 30.702875, 29.503863, 29.377862 ] }, { "date": "2024-10-25", "close": 33.496384, "volume": 61139368, "typical_volume": 48397990.55, "trend": 29.489846, "fair_value": 36.045651, "relative_strength": -8.179141, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.223465, "energy": 80.123184, "activity_lines": [ 32.961929, 31.368079, 29.939657, 29.645125 ] }, { "date": "2024-11-01", "close": 32.174931, "volume": 63592424, "typical_volume": 49945305.95, "trend": 29.578358, "fair_value": 36.073928, "relative_strength": -9.866209, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.182965, "energy": 64.760807, "activity_lines": [ 32.734836, 31.715532, 30.234459, 29.818357 ] }, { "date": "2024-11-08", "close": 35.277897, "volume": 91110955, "typical_volume": 52471013.05, "trend": 29.83704, "fair_value": 36.104287, "relative_strength": -6.954145, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.476646, "energy": 66.730652, "activity_lines": [ 33.512045, 32.564913, 30.814046, 30.186069 ] }, { "date": "2024-11-15", "close": 34.093487, "volume": 90571839, "typical_volume": 54137754.55, "trend": 29.977169, "fair_value": 36.122257, "relative_strength": -6.154174, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.759896, "energy": 52.780007, "activity_lines": [ 33.825932, 33.075538, 31.24552, 30.460678 ] }, { "date": "2024-11-22", "close": 34.367565, "volume": 77285493, "typical_volume": 54988340.05, "trend": 30.086265, "fair_value": 36.144922, "relative_strength": -2.233564, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.680935, "energy": 50.356904, "activity_lines": [ 34.126114, 33.520766, 31.66873, 30.74393 ] }, { "date": "2024-11-29", "close": 38.155724, "volume": 97246447, "typical_volume": 57018520.05, "trend": 30.316255, "fair_value": 36.169804, "relative_strength": 6.985561, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.842717, "energy": 70.455058, "activity_lines": [ 35.550671, 34.509764, 32.41571, 31.26454 ] }, { "date": "2024-12-06", "close": 36.902794, "volume": 73285382, "typical_volume": 58106148.9, "trend": 30.489616, "fair_value": 36.195408, "relative_strength": 2.102491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.72612, "energy": 64.506949, "activity_lines": [ 36.246962, 35.067533, 32.989239, 31.689478 ] }, { "date": "2024-12-13", "close": 35.98267, "volume": 66139865, "typical_volume": 59195353.8, "trend": 30.637366, "fair_value": 36.211397, "relative_strength": 0.610619, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.642596, "energy": 56.560207, "activity_lines": [ 36.321354, 35.363858, 33.435078, 32.043869 ] }, { "date": "2024-12-20", "close": 35.1898, "volume": 43112456, "typical_volume": 59494505.7, "trend": 30.820681, "fair_value": 36.215407, "relative_strength": -0.591108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.009142, "energy": 49.255333, "activity_lines": [ 36.084472, 35.484524, 33.764758, 32.337574 ] }, { "date": "2024-12-27", "close": 35.336624, "volume": 31150779, "typical_volume": 58849740.35, "trend": 30.979627, "fair_value": 36.237508, "relative_strength": 0.142905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.248529, "energy": 42.764981, "activity_lines": [ 35.823443, 35.583298, 34.073897, 32.628925 ] }, { "date": "2025-01-03", "close": 32.233662, "volume": 46867930, "typical_volume": 58812215.6, "trend": 31.043517, "fair_value": 36.234861, "relative_strength": -1.107842, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.662949, "energy": 20.179931, "activity_lines": [ 34.463489, 35.062548, 34.0516, 32.709831 ] }, { "date": "2025-01-10", "close": 31.940004, "volume": 72337013, "typical_volume": 59807302.95, "trend": 31.110826, "fair_value": 36.223976, "relative_strength": -0.672833, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.022686, "energy": 20.453292, "activity_lines": [ 33.400454, 34.511364, 33.987055, 32.767669 ] }, { "date": "2025-01-17", "close": 32.233662, "volume": 33991884, "typical_volume": 59450497.85, "trend": 31.25654, "fair_value": 36.217371, "relative_strength": -2.981302, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.638284, "energy": 21.105742, "activity_lines": [ 32.766157, 34.017844, 33.935293, 32.84011 ] }, { "date": "2025-01-24", "close": 33.38871, "volume": 42853642, "typical_volume": 59726466.35, "trend": 31.473615, "fair_value": 36.205879, "relative_strength": -0.508529, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.018238, "energy": 20.113609, "activity_lines": [ 32.766811, 33.789683, 33.975711, 32.977669 ] }, { "date": "2025-01-31", "close": 34.064117, "volume": 8581400, "typical_volume": 58562731.4, "trend": 31.722545, "fair_value": 36.183185, "relative_strength": 2.908476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.22322, "energy": 14.916954, "activity_lines": [ 33.112672, 33.697136, 34.05363, 33.144798 ] }, { "date": "2025-02-07", "close": 34.152214, "volume": 20850054, "typical_volume": 58598045.75, "trend": 31.967969, "fair_value": 36.141927, "relative_strength": -0.81555, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.207604, "energy": 9.488029, "activity_lines": [ 33.572733, 33.626125, 34.103412, 33.301551 ] }, { "date": "2025-02-14", "close": 33.653, "volume": 38585032, "typical_volume": 56747008.15, "trend": 32.140055, "fair_value": 36.123914, "relative_strength": -3.684705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.313857, "energy": 17.875202, "activity_lines": [ 33.738486, 33.537138, 34.071436, 33.410263 ] }, { "date": "2025-02-21", "close": 34.504604, "volume": 61651564, "typical_volume": 58149869.4, "trend": 32.37532, "fair_value": 36.121253, "relative_strength": -3.237886, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.581214, "energy": 23.535301, "activity_lines": [ 34.073907, 33.662076, 34.111383, 33.562814 ] }, { "date": "2025-02-28", "close": 33.897713, "volume": 41024277, "typical_volume": 55556150.25, "trend": 32.573925, "fair_value": 36.119079, "relative_strength": -1.443554, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 34.367085, "energy": 21.354311, "activity_lines": [ 34.055635, 33.703544, 34.092318, 33.661033 ] }, { "date": "2025-03-07", "close": 33.271248, "volume": 34134121, "typical_volume": 54775596.25, "trend": 32.756481, "fair_value": 36.114929, "relative_strength": -5.239643, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.565285, "energy": 12.935273, "activity_lines": [ 33.794608, 33.654602, 34.007018, 33.706022 ] }, { "date": "2025-03-14", "close": 34.719952, "volume": 44492329, "typical_volume": 53943244.3, "trend": 32.939327, "fair_value": 36.116766, "relative_strength": -2.225334, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.493913, "energy": 21.518511, "activity_lines": [ 34.06934, 33.906612, 34.055029, 33.832697 ] }, { "date": "2025-03-21", "close": 33.036324, "volume": 43029219, "typical_volume": 52915084.05, "trend": 33.082159, "fair_value": 36.101815, "relative_strength": -4.40528, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.382521, "energy": 3.661973, "activity_lines": [ 33.745013, 33.807304, 33.936868, 33.838955 ] }, { "date": "2025-03-28", "close": 36.119713, "volume": 96005339, "typical_volume": 53159803.25, "trend": 33.336469, "fair_value": 36.101413, "relative_strength": 5.134636, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.088883, "energy": 29.013474, "activity_lines": [ 34.489595, 34.248678, 34.10826, 34.034926 ] }, { "date": "2025-04-04", "close": 37.930592, "volume": 83441669, "typical_volume": 52803294.75, "trend": 33.675625, "fair_value": 36.133606, "relative_strength": 12.600163, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.06738, "energy": 64.389824, "activity_lines": [ 35.730129, 34.948647, 34.448109, 34.331321 ] }, { "date": "2025-04-11", "close": 36.217598, "volume": 95124165, "typical_volume": 53695228.35, "trend": 34.003103, "fair_value": 36.166631, "relative_strength": 12.855269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.086108, "energy": 60.448199, "activity_lines": [ 36.130806, 35.254584, 34.606544, 34.49532 ] }, { "date": "2025-04-18", "close": 37.764187, "volume": 65695809, "typical_volume": 52117696.45, "trend": 34.362995, "fair_value": 36.212029, "relative_strength": 17.865253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.927392, "energy": 72.030811, "activity_lines": [ 36.85059, 35.802564, 34.903463, 34.73797 ] }, { "date": "2025-04-25", "close": 36.824482, "volume": 97798521, "typical_volume": 53343353.4, "trend": 34.532989, "fair_value": 36.250503, "relative_strength": 13.079142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.639104, "energy": 65.114524, "activity_lines": [ 37.05419, 36.114017, 35.112751, 34.896776 ] }, { "date": "2025-05-02", "close": 38.028477, "volume": 35592757, "typical_volume": 51815998.0, "trend": 34.658935, "fair_value": 36.303651, "relative_strength": 16.582913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.595312, "energy": 56.126287, "activity_lines": [ 37.406577, 36.586714, 35.437078, 35.122291 ] }, { "date": "2025-05-09", "close": 37.950169, "volume": 48252510, "typical_volume": 52073000.7, "trend": 34.840023, "fair_value": 36.341126, "relative_strength": 13.410664, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.423228, "energy": 49.75359, "activity_lines": [ 37.605611, 36.981103, 35.744205, 35.334629 ] }, { "date": "2025-05-16", "close": 39.74147, "volume": 80789492, "typical_volume": 54554936.35, "trend": 35.088326, "fair_value": 36.405195, "relative_strength": 17.69976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.667867, "energy": 52.412478, "activity_lines": [ 38.400441, 37.627502, 36.208787, 35.650851 ] }, { "date": "2025-05-23", "close": 42.462685, "volume": 77937888, "typical_volume": 56108434.25, "trend": 35.387202, "fair_value": 36.472916, "relative_strength": 25.587116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.52764, "energy": 74.758998, "activity_lines": [ 39.867417, 38.651028, 36.911558, 36.126616 ] }, { "date": "2025-05-30", "close": 43.754772, "volume": 87333035, "typical_volume": 56858235.35, "trend": 35.773197, "fair_value": 36.550419, "relative_strength": 29.773704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.733925, "energy": 82.669908, "activity_lines": [ 41.451855, 39.768701, 37.688675, 36.666459 ] }, { "date": "2025-06-06", "close": 42.724388, "volume": 60034161, "typical_volume": 58160349.2, "trend": 36.021414, "fair_value": 36.623535, "relative_strength": 24.282684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.364576, "energy": 80.775217, "activity_lines": [ 42.230813, 40.50415, 38.311399, 37.114923 ] }, { "date": "2025-06-13", "close": 44.182251, "volume": 80367150, "typical_volume": 60036024.6, "trend": 36.357706, "fair_value": 36.684949, "relative_strength": 28.477713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.637069, "energy": 83.59017, "activity_lines": [ 43.182664, 41.384581, 39.023011, 37.641429 ] }, { "date": "2025-06-20", "close": 41.137596, "volume": 76418156, "typical_volume": 63427862.4, "trend": 36.583373, "fair_value": 36.729365, "relative_strength": 20.317062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.254995, "energy": 59.896192, "activity_lines": [ 42.704158, 41.597772, 39.393259, 37.949809 ] }, { "date": "2025-06-27", "close": 40.056591, "volume": 81061462, "typical_volume": 66438432.8, "trend": 36.646736, "fair_value": 36.757377, "relative_strength": 12.418872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.996881, "energy": 43.847557, "activity_lines": [ 41.772243, 41.524961, 39.62687, 38.173888 ] }, { "date": "2025-07-04", "close": 40.433456, "volume": 60014019, "typical_volume": 67509882.15, "trend": 36.764424, "fair_value": 36.769996, "relative_strength": 11.577384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.766434, "energy": 31.910164, "activity_lines": [ 41.126355, 41.478992, 39.868257, 38.418192 ] }, { "date": "2025-07-11", "close": 39.79874, "volume": 58628698, "typical_volume": 67358738.85, "trend": 36.891627, "fair_value": 36.770212, "relative_strength": 7.485571, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.176453, "energy": 23.631203, "activity_lines": [ 40.490316, 41.252002, 40.016907, 38.613954 ] }, { "date": "2025-07-18", "close": 44.430187, "volume": 104452776, "typical_volume": 70530163.8, "trend": 37.19964, "fair_value": 36.799634, "relative_strength": 17.0336, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.142191, "energy": 32.542864, "activity_lines": [ 41.593136, 41.834906, 40.581438, 39.100313 ] }, { "date": "2025-07-25", "close": 42.377277, "volume": 69071856, "typical_volume": 72277050.55, "trend": 37.434328, "fair_value": 36.800738, "relative_strength": 8.722472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.044228, "energy": 35.105735, "activity_lines": [ 41.995124, 41.926736, 40.900298, 39.434354 ] }, { "date": "2025-08-01", "close": 43.369022, "volume": 74994088, "typical_volume": 73802138.5, "trend": 37.805507, "fair_value": 36.802765, "relative_strength": 12.635233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.828964, "energy": 41.428784, "activity_lines": [ 42.645048, 42.150959, 41.270248, 39.817238 ] }, { "date": "2025-08-08", "close": 42.119423, "volume": 56253286, "typical_volume": 74463341.85, "trend": 38.144821, "fair_value": 36.79503, "relative_strength": 7.759723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.58674, "energy": 39.678717, "activity_lines": [ 42.65761, 42.131504, 41.480003, 40.095555 ] }, { "date": "2025-08-15", "close": 42.654964, "volume": 57797674, "typical_volume": 72552958.6, "trend": 38.492197, "fair_value": 36.804195, "relative_strength": 4.289518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.377884, "energy": 34.84077, "activity_lines": [ 42.736288, 42.239153, 41.697508, 40.386532 ] }, { "date": "2025-08-22", "close": 45.253338, "volume": 74543229, "typical_volume": 72108036.6, "trend": 38.887685, "fair_value": 36.822709, "relative_strength": 5.690895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.845206, "energy": 43.601867, "activity_lines": [ 43.490676, 42.820496, 42.131358, 40.822734 ] }, { "date": "2025-08-29", "close": 43.934315, "volume": 77822852, "typical_volume": 71242970.95, "trend": 39.216692, "fair_value": 36.829023, "relative_strength": -1.6996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.357125, "energy": 37.774854, "activity_lines": [ 43.750512, 43.142543, 42.404716, 41.148324 ] }, { "date": "2025-09-05", "close": 43.269848, "volume": 84456482, "typical_volume": 72181004.6, "trend": 39.520613, "fair_value": 36.846236, "relative_strength": -2.386641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.493821, "energy": 34.913177, "activity_lines": [ 43.685058, 43.292928, 42.578046, 41.409817 ] }, { "date": "2025-09-12", "close": 42.55579, "volume": 55979865, "typical_volume": 70090071.8, "trend": 39.817372, "fair_value": 36.873969, "relative_strength": -6.468562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.889482, "energy": 30.435766, "activity_lines": [ 43.388195, 43.255061, 42.657152, 41.605635 ] }, { "date": "2025-09-19", "close": 41.650002, "volume": 54702230, "typical_volume": 71045545.45, "trend": 40.055552, "fair_value": 36.891186, "relative_strength": -9.411213, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.754066, "energy": 17.14782, "activity_lines": [ 42.760312, 43.013918, 42.622701, 41.72387 ] }, { "date": "2025-09-26", "close": 41.73, "volume": 52670785, "typical_volume": 71266459.2, "trend": 40.316629, "fair_value": 36.91133, "relative_strength": -10.100397, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.621472, "energy": 14.534818, "activity_lines": [ 42.226093, 42.75366, 42.578624, 41.831898 ] }, { "date": "2025-10-03", "close": 41.549999, "volume": 22917902, "typical_volume": 68372879.7, "trend": 40.592587, "fair_value": 36.916311, "relative_strength": -12.502658, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.191217, "energy": 13.86322, "activity_lines": [ 41.866762, 42.509769, 42.499404, 41.911471 ] }, { "date": "2025-10-10", "close": 41.290001, "volume": 24354620, "typical_volume": 65693716.3, "trend": 40.811589, "fair_value": 36.927234, "relative_strength": -11.868473, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.529423, "energy": 11.025813, "activity_lines": [ 41.57972, 42.233648, 42.38681, 41.956465 ] }, { "date": "2025-10-17", "close": 40.200001, "volume": 53568519, "typical_volume": 64005490.5, "trend": 41.050378, "fair_value": 36.955748, "relative_strength": -9.713108, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.738607, "energy": 13.007168, "activity_lines": [ 41.061334, 41.797145, 42.175992, 41.917008 ] }, { "date": "2025-10-24", "close": 39.59, "volume": 26921115, "typical_volume": 62349838.2, "trend": 41.166054, "fair_value": 36.967248, "relative_strength": -15.017777, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.696062, "energy": 32.841338, "activity_lines": [ 40.496667, 41.284631, 41.924005, 41.82279 ] }, { "date": "2025-10-31", "close": 41.580002, "volume": 52608655, "typical_volume": 60961913.45, "trend": 41.287701, "fair_value": 36.968676, "relative_strength": -11.355033, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.51249, "energy": 26.861242, "activity_lines": [ 40.732668, 41.189662, 41.876468, 41.849496 ] }, { "date": "2025-11-07", "close": 40.299999, "volume": 41285028, "typical_volume": 59205257.05, "trend": 41.423781, "fair_value": 36.954472, "relative_strength": -14.177053, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.712168, "energy": 31.325486, "activity_lines": [ 40.552, 40.928754, 41.719418, 41.785774 ] }, { "date": "2025-11-14", "close": 43.150002, "volume": 57825155, "typical_volume": 58043441.7, "trend": 41.603308, "fair_value": 36.977439, "relative_strength": -6.847946, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.380579, "energy": 4.455809, "activity_lines": [ 41.404668, 41.252106, 41.837785, 41.897143 ] }, { "date": "2025-11-21", "close": 40.360001, "volume": 31473816, "typical_volume": 56616431.55, "trend": 41.721159, "fair_value": 36.970564, "relative_strength": -8.122779, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.095389, "energy": 8.090956, "activity_lines": [ 41.203334, 41.070364, 41.675707, 41.816929 ] }, { "date": "2025-11-28", "close": 42.0, "volume": 31786191, "typical_volume": 55274306.2, "trend": 41.853543, "fair_value": 36.979335, "relative_strength": -7.490437, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.48133, "energy": 14.06673, "activity_lines": [ 41.538001, 41.226728, 41.670169, 41.834919 ] }, { "date": "2025-12-05", "close": 42.130001, "volume": 24969633, "typical_volume": 51300149.05, "trend": 41.992871, "fair_value": 36.985074, "relative_strength": -8.250136, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.406943, "energy": 14.953632, "activity_lines": [ 41.755334, 41.400364, 41.66653, 41.852755 ] }, { "date": "2025-12-12", "close": 41.450001, "volume": 26773714, "typical_volume": 49185241.95, "trend": 42.049822, "fair_value": 37.008195, "relative_strength": -10.369676, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.517675, "energy": 11.519462, "activity_lines": [ 41.709334, 41.443092, 41.609083, 41.817731 ] }, { "date": "2025-12-19", "close": 40.599998, "volume": 30729216, "typical_volume": 46971998.35, "trend": 41.987732, "fair_value": 37.016808, "relative_strength": -11.313142, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.708527, "energy": 17.630684, "activity_lines": [ 41.303333, 41.333091, 41.475099, 41.724194 ] }, { "date": "2025-12-26", "close": 39.700001, "volume": 22009373, "typical_volume": 45259802.7, "trend": 41.852573, "fair_value": 37.00377, "relative_strength": -16.051144, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.133378, "energy": 34.750486, "activity_lines": [ 40.767333, 41.072, 41.268586, 41.576599 ] }, { "date": "2026-01-02", "close": 39.450001, "volume": 34319831, "typical_volume": 44085910.55, "trend": 41.743427, "fair_value": 36.988042, "relative_strength": -15.935188, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.109803, "energy": 49.811062, "activity_lines": [ 40.192, 40.774546, 41.049785, 41.421594 ] }, { "date": "2026-01-09", "close": 39.630001, "volume": 48002124, "typical_volume": 42758855.3, "trend": 41.591685, "fair_value": 36.974616, "relative_strength": -18.90691, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.189335, "energy": 55.561818, "activity_lines": [ 39.846667, 40.512364, 40.863388, 41.285244 ] }, { "date": "2026-01-16", "close": 38.68, "volume": 64665932, "typical_volume": 42101009.3, "trend": 41.509765, "fair_value": 36.939942, "relative_strength": -21.540607, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.608048, "energy": 64.168458, "activity_lines": [ 39.351334, 40.11291, 40.613293, 41.097393 ] }, { "date": "2026-01-23", "close": 37.68, "volume": 47353726, "typical_volume": 40245871.5, "trend": 41.430546, "fair_value": 36.895838, "relative_strength": -24.140305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.750091, "energy": 69.53171, "activity_lines": [ 38.707334, 39.561091, 40.29298, 40.850312 ] }, { "date": "2026-01-30", "close": 36.07, "volume": 68464999, "typical_volume": 40870128.2, "trend": 41.285097, "fair_value": 36.826014, "relative_strength": -25.848812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.342835, "energy": 78.744604, "activity_lines": [ 37.721334, 38.816, 39.845953, 40.50447 ] }, { "date": "2026-02-06", "close": 36.400002, "volume": 49954051, "typical_volume": 40632719.25, "trend": 41.171806, "fair_value": 36.763983, "relative_strength": -23.297148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.874087, "energy": 80.237589, "activity_lines": [ 37.087334, 38.20891, 39.461239, 40.189303 ] }, { "date": "2026-02-13", "close": 36.0, "volume": 36699611, "typical_volume": 39834160.55, "trend": 40.8908, "fair_value": 36.707902, "relative_strength": -24.936569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.810057, "energy": 84.379561, "activity_lines": [ 36.523334, 37.63091, 39.063429, 39.855638 ] }, { "date": "2026-02-27", "close": 35.939999, "volume": 26710294, "typical_volume": 40023780.15, "trend": 40.676224, "fair_value": 36.639238, "relative_strength": -26.830323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.077682, "energy": 86.267058, "activity_lines": [ 36.181333, 37.153455, 38.687191, 39.536231 ] }, { "date": "2026-03-06", "close": 34.98, "volume": 58677703, "typical_volume": 41739934.3, "trend": 40.39659, "fair_value": 36.576015, "relative_strength": -26.862974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.160607, "energy": 85.984713, "activity_lines": [ 35.702, 36.601637, 38.246238, 39.168733 ] }, { "date": "2026-03-13", "close": 34.93, "volume": 41305761, "typical_volume": 41126796.4, "trend": 40.156942, "fair_value": 36.50915, "relative_strength": -27.262657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.31238, "energy": 81.259271, "activity_lines": [ 35.386, 36.142909, 37.830572, 38.81605 ] }, { "date": "2026-03-20", "close": 34.970001, "volume": 51080475, "typical_volume": 42334764.4, "trend": 39.900777, "fair_value": 36.455585, "relative_strength": -24.726344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.290684, "energy": 71.389381, "activity_lines": [ 35.159334, 35.778182, 37.44381, 38.481408 ] }, { "date": "2026-03-27", "close": 35.48, "volume": 53752726, "typical_volume": 42391967.95, "trend": 39.574999, "fair_value": 36.404022, "relative_strength": -22.814055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.262013, "energy": 58.71554, "activity_lines": [ 35.198, 35.587637, 37.127619, 38.196197 ] }, { "date": "2026-04-03", "close": 36.290001, "volume": 69172996, "typical_volume": 43786366.35, "trend": 39.320188, "fair_value": 36.370936, "relative_strength": -18.31955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.937931, "energy": 49.00556, "activity_lines": [ 35.541334, 35.619819, 36.917619, 37.984262 ] }, { "date": "2026-04-10", "close": 35.300571, "volume": 45112915, "typical_volume": 43150754.35, "trend": 39.054546, "fair_value": 36.333924, "relative_strength": -25.343427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.32286, "energy": 42.472211, "activity_lines": [ 35.531524, 35.515559, 36.632483, 37.724931 ] }, { "date": "2026-04-17", "close": 33.733833, "volume": 59322785, "typical_volume": 44543202.8, "trend": 38.760481, "fair_value": 36.270322, "relative_strength": -30.847244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.750051, "energy": 51.869395, "activity_lines": [ 34.978097, 35.1697, 36.235512, 37.38166 ] }, { "date": "2026-04-24", "close": 34.448658, "volume": 56059209, "typical_volume": 45756853.7, "trend": 38.520436, "fair_value": 36.206048, "relative_strength": -28.993368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.174174, "energy": 48.646572, "activity_lines": [ 34.742689, 34.996285, 35.938173, 37.103477 ] }, { "date": "2026-05-01", "close": 32.6567, "volume": 60286944, "typical_volume": 47522719.25, "trend": 38.217992, "fair_value": 36.143512, "relative_strength": -32.814835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.524846, "energy": 69.038058, "activity_lines": [ 33.944718, 34.532538, 35.50613, 36.725172 ] }, { "date": "2026-05-08", "close": 32.568573, "volume": 32179898, "typical_volume": 47793028.45, "trend": 37.918612, "fair_value": 36.103722, "relative_strength": -34.273341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.239949, "energy": 83.802598, "activity_lines": [ 33.305592, 34.113556, 35.110804, 36.360693 ] }, { "date": "2026-05-15", "close": 30.649317, "volume": 81934218, "typical_volume": 50353278.55, "trend": 37.563922, "fair_value": 36.049878, "relative_strength": -37.465374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.001144, "energy": 91.124597, "activity_lines": [ 32.274808, 33.406916, 34.574985, 35.891707 ] }, { "date": "2026-05-22", "close": 28.612558, "volume": 69565179, "typical_volume": 52731068.85, "trend": 37.177674, "fair_value": 35.9834, "relative_strength": -41.010086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.672889, "energy": 95.869503, "activity_lines": [ 30.875189, 32.408697, 33.892574, 35.314199 ] }, { "date": "2026-05-29", "close": 28.416718, "volume": 63357260, "typical_volume": 54182940.3, "trend": 36.805231, "fair_value": 35.921947, "relative_strength": -40.45919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.798307, "energy": 93.855821, "activity_lines": [ 29.751708, 31.489732, 33.244308, 34.748976 ] }, { "date": "2026-06-05", "close": 27.829189, "volume": 15097421, "typical_volume": 52537705.15, "trend": 36.346871, "fair_value": 35.848515, "relative_strength": -39.73781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.603374, "energy": 93.680191, "activity_lines": [ 28.834513, 30.583095, 32.592626, 34.169877 ] }, { "date": "2026-06-12", "close": 29.110001, "volume": 15457921, "typical_volume": 50077304.6, "trend": 35.973871, "fair_value": 35.778462, "relative_strength": -34.54522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.235307, "energy": 87.213215, "activity_lines": [ 28.66609, 30.048439, 32.119121, 33.702982 ] }, { "date": "2026-06-19", "close": 28.34, "volume": 49686037, "typical_volume": 50193920.15, "trend": 35.480204, "fair_value": 35.723825, "relative_strength": -39.50257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.814324, "energy": 79.332169, "activity_lines": [ 28.471571, 29.504328, 31.617853, 33.210474 ] }, { "date": "2026-06-26", "close": 26.41, "volume": 23409615, "typical_volume": 47941150.95, "trend": 35.015204, "fair_value": 35.652166, "relative_strength": -41.801048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.799407, "energy": 79.977869, "activity_lines": [ 27.787673, 28.735863, 30.977253, 32.6253 ] }, { "date": "2026-07-03", "close": 30.049999, "volume": 26791061, "typical_volume": 46783001.45, "trend": 34.616871, "fair_value": 35.587928, "relative_strength": -32.1179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.208118, "energy": 61.074465, "activity_lines": [ 28.463946, 28.762377, 30.729319, 32.304964 ] }, { "date": "2026-07-10", "close": 29.379999, "volume": 122449257, "typical_volume": 51070483.75, "trend": 34.191871, "fair_value": 35.519639, "relative_strength": -30.306863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.571201, "energy": 48.837237, "activity_lines": [ 28.807999, 28.747049, 30.447813, 31.967101 ] }, { "date": "2026-07-17", "close": 30.1, "volume": 166085040, "typical_volume": 58039221.05, "trend": 33.813537, "fair_value": 35.448788, "relative_strength": -20.790707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.759453, "energy": 37.325291, "activity_lines": [ 29.288666, 28.922206, 30.266403, 31.703109 ] }, { "date": "2026-07-24", "close": 28.58, "volume": 139087316, "typical_volume": 62059701.7, "trend": 33.412871, "fair_value": 35.354568, "relative_strength": -24.110011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.048497, "energy": 28.982136, "activity_lines": [ 29.196666, 28.865883, 29.968041, 31.365462 ] }, { "date": "2026-07-31", "close": 29.110001, "volume": 87495715, "typical_volume": 64369199.4, "trend": 33.059871, "fair_value": 35.268247, "relative_strength": -20.667235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.124402, "energy": 27.73986, "activity_lines": [ 29.265333, 28.943547, 29.750631, 31.087857 ] }, { "date": "2026-08-07", "close": 28.99, "volume": 135379124, "typical_volume": 68584131.85, "trend": 32.711204, "fair_value": 35.187057, "relative_strength": -23.997299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.333785, "energy": 26.632547, "activity_lines": [ 29.114, 28.990349, 29.549506, 30.825285 ] } ], "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." } } }