{ "ticker": { "uuid": "9f48ac71-8bae-498d-8ea3-3b296b5e09e1", "symbol": "6856", "name": "SHINE TREND International Multimedia Technology CO., 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -48.935, "architecture_energy": 25.861, "architecture_maturity": 81.716, "architecture_confidence": 83.175, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 31.41, "rotation_up": 25.77, "upward_expansion": 14.48, "deceleration": 46.55, "rotation_down": 32.98, "downward_expansion": 62.15 }, "activity_lines": [ 43.730001, 43.478912, 44.464844, 45.664406 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 42.200001, "trend_reference": 47.426448, "distance_from_trend": -0.110201, "trend_direction": "Weakening", "fair_value": 53.89568, "distance_from_fair_value": -0.217006, "fair_value_direction": "Weakening", "relative_strength": -39.597081, "relative_strength_direction": "Improving", "price_momentum": -0.21848, "excess_performance": -0.659852, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.110201, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.064416, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.217006, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.039308, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.395971, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.001263, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.21848, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.643206, "read": "Supply-led" } ], "volume": { "latest": 39275, "relative_activity": 0.65537, "balance": 0.643206, "dry_up": 0.535864, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.070914, "annualized_volatility": 0.246565, "from_high_reference": -0.26788, "from_low_reference": 0.033048 }, "levels": { "trend_reference": 47.426448, "fair_value_reference": 53.89568, "structural_low": 40.849998, "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": 24, "median_return": -0.006749, "positive_rate": 0.458333, "directional_follow_through": 0.541667, "median_excess_return": -0.016914, "regime_survival": 0.833333, "best_return": 0.217862, "worst_return": -0.12, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.04, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.10743, "regime_survival": 0.555556, "best_return": 0.053846, "worst_return": -0.092652, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.03257, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.174353, "regime_survival": 0.5, "best_return": 0.034411, "worst_return": -0.113333, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.073772, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.374408, "regime_survival": 0.0, "best_return": -0.064722, "worst_return": -0.082822, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-19", "end": "2024-08-30", "tenure": "Developing", "return": -0.019847, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-09-20", "tenure": "New", "return": 0.063665, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-10-25", "tenure": "Developing", "return": -0.016516, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-12-13", "tenure": "Developing", "return": -0.00158, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-20", "end": "2024-12-27", "tenure": "New", "return": -0.00317, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-07-25", "tenure": "Extended", "return": -0.066423, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-10-17", "tenure": "Developing", "return": -0.051565, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": 0.057692, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", "return": -0.042735, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2025-12-26", "tenure": "Developing", "return": -0.027304, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-02-27", "tenure": "Developing", "return": -0.009058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": -0.06789, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": -0.018975, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-24", "end": "2026-08-14", "tenure": "Established", "return": -0.105508, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 62.00317, "volume": 107000, "typical_volume": 25314.0, "trend": 62.587309, "fair_value": 63.103336, "relative_strength": -9.737623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.673729, "energy": 26.638874, "activity_lines": [ 61.508982, 61.605463, 62.194324, 62.454272 ] }, { "date": "2023-08-18", "close": 62.00317, "volume": 156036, "typical_volume": 33015.75, "trend": 62.562579, "fair_value": 63.090081, "relative_strength": -8.346165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.711093, "energy": 21.591567, "activity_lines": [ 61.65044, 61.650749, 62.123796, 62.416586 ] }, { "date": "2023-08-25", "close": 61.093792, "volume": 254353, "typical_volume": 45733.4, "trend": 62.507535, "fair_value": 63.066316, "relative_strength": -10.044198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.784539, "energy": 26.278931, "activity_lines": [ 61.501633, 61.557017, 61.973928, 62.321825 ] }, { "date": "2023-09-01", "close": 66.136711, "volume": 60304, "typical_volume": 48398.45, "trend": 62.672877, "fair_value": 63.102438, "relative_strength": -3.514566, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 28.231569, "energy": 20.691116, "activity_lines": [ 63.039311, 62.381683, 62.315937, 62.555965 ] }, { "date": "2023-09-08", "close": 67.376778, "volume": 86994, "typical_volume": 51698.15, "trend": 62.879554, "fair_value": 63.15214, "relative_strength": -1.149788, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 34.251808, "energy": 44.265156, "activity_lines": [ 64.714775, 63.341629, 62.766993, 62.859443 ] }, { "date": "2023-09-15", "close": 71.51033, "volume": 171805, "typical_volume": 60187.9, "trend": 63.218788, "fair_value": 63.248211, "relative_strength": 2.864643, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "up", "direction": 85.636999, "energy": 82.938576, "activity_lines": [ 67.310643, 64.961787, 63.596761, 63.416267 ] }, { "date": "2023-09-22", "close": 74.403809, "volume": 235403, "typical_volume": 71653.05, "trend": 63.659699, "fair_value": 63.374979, "relative_strength": 10.73114, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.658272, "energy": 89.180968, "activity_lines": [ 70.237194, 66.925848, 64.667455, 64.137881 ] }, { "date": "2023-09-29", "close": 69.856903, "volume": 173654, "typical_volume": 80332.05, "trend": 63.847086, "fair_value": 63.44781, "relative_strength": 4.043438, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.637309, "energy": 79.753503, "activity_lines": [ 70.821401, 67.841239, 65.257063, 64.537701 ] }, { "date": "2023-10-06", "close": 65.144669, "volume": 129523, "typical_volume": 86807.7, "trend": 63.927072, "fair_value": 63.466663, "relative_strength": -3.571867, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.827192, "energy": 65.429746, "activity_lines": [ 69.250655, 67.742035, 65.37149, 64.621416 ] }, { "date": "2023-10-13", "close": 64.235283, "volume": 384418, "typical_volume": 103892.15, "trend": 63.927072, "fair_value": 63.47511, "relative_strength": -6.032215, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.554533, "energy": 32.444417, "activity_lines": [ 67.442917, 67.42037, 65.395353, 64.641301 ] }, { "date": "2023-10-20", "close": 63.325901, "volume": 1819249, "typical_volume": 192838.2, "trend": 63.99872, "fair_value": 63.473488, "relative_strength": -4.979952, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.812817, "energy": 18.790012, "activity_lines": [ 65.541484, 66.865722, 65.318041, 64.602515 ] }, { "date": "2023-10-27", "close": 59.523045, "volume": 1416028, "typical_volume": 263639.6, "trend": 63.865175, "fair_value": 63.43101, "relative_strength": -8.446786, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.012201, "energy": 26.39368, "activity_lines": [ 62.918061, 65.595597, 64.879149, 64.313762 ] }, { "date": "2023-11-03", "close": 60.019066, "volume": 2346000, "typical_volume": 379876.05, "trend": 63.748164, "fair_value": 63.394713, "relative_strength": -9.219542, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.748363, "energy": 30.324541, "activity_lines": [ 61.45203, 64.46075, 64.506201, 64.065626 ] }, { "date": "2023-11-10", "close": 59.523045, "volume": 203000, "typical_volume": 390026.05, "trend": 63.591089, "fair_value": 63.353958, "relative_strength": -10.363914, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.140612, "energy": 35.393101, "activity_lines": [ 60.476514, 63.255259, 64.091524, 63.793038 ] }, { "date": "2023-11-17", "close": 59.523045, "volume": 131000, "typical_volume": 395637.05, "trend": 63.434014, "fair_value": 63.314053, "relative_strength": -12.686456, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.826858, "energy": 41.297426, "activity_lines": [ 59.875773, 62.170015, 63.684721, 63.530583 ] }, { "date": "2023-11-24", "close": 58.530998, "volume": 126000, "typical_volume": 400466.3, "trend": 63.243871, "fair_value": 63.264743, "relative_strength": -14.150917, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.514618, "energy": 48.540701, "activity_lines": [ 59.258499, 61.047195, 63.196913, 63.21426 ] }, { "date": "2023-12-01", "close": 57.53894, "volume": 99000, "typical_volume": 404709.3, "trend": 63.018045, "fair_value": 63.206317, "relative_strength": -15.937733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.65284, "energy": 52.608607, "activity_lines": [ 58.630199, 59.979989, 62.628714, 62.8462 ] }, { "date": "2023-12-08", "close": 57.869625, "volume": 247000, "typical_volume": 413566.75, "trend": 62.803241, "fair_value": 63.152411, "relative_strength": -14.819448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.504414, "energy": 49.113902, "activity_lines": [ 58.244401, 59.27954, 62.114186, 62.514044 ] }, { "date": "2023-12-15", "close": 57.456272, "volume": 107000, "typical_volume": 416549.3, "trend": 62.57466, "fair_value": 63.095449, "relative_strength": -16.397066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.840977, "energy": 49.13069, "activity_lines": [ 57.864115, 58.721888, 61.576038, 62.169078 ] }, { "date": "2023-12-22", "close": 55.224163, "volume": 162000, "typical_volume": 420788.35, "trend": 62.37625, "fair_value": 63.017516, "relative_strength": -18.807414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.474811, "energy": 63.01021, "activity_lines": [ 56.877577, 57.898186, 60.84696, 61.694852 ] }, { "date": "2023-12-29", "close": 55.720184, "volume": 37000, "typical_volume": 417288.35, "trend": 62.118557, "fair_value": 62.945973, "relative_strength": -19.074904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.769603, "energy": 58.942956, "activity_lines": [ 56.342972, 57.328509, 60.190317, 61.265429 ] }, { "date": "2024-01-05", "close": 55.058811, "volume": 20000, "typical_volume": 410486.55, "trend": 61.838818, "fair_value": 62.869399, "relative_strength": -17.580527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.97549, "energy": 65.332592, "activity_lines": [ 55.775297, 56.776867, 59.500605, 60.809961 ] }, { "date": "2024-01-12", "close": 55.389496, "volume": 31000, "typical_volume": 399318.9, "trend": 61.645919, "fair_value": 62.797477, "relative_strength": -16.549512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.9513, "energy": 67.589683, "activity_lines": [ 55.483192, 56.366519, 58.875455, 60.393876 ] }, { "date": "2024-01-19", "close": 54.56279, "volume": 36000, "typical_volume": 398103.7, "trend": 61.425464, "fair_value": 62.719051, "relative_strength": -18.102769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.920039, "energy": 65.895471, "activity_lines": [ 55.08086, 55.890033, 58.198735, 59.9369 ] }, { "date": "2024-01-26", "close": 54.976143, "volume": 54000, "typical_volume": 396454.0, "trend": 61.179571, "fair_value": 62.646005, "relative_strength": -18.442642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.360861, "energy": 71.17081, "activity_lines": [ 55.009211, 55.57889, 57.616495, 59.520815 ] }, { "date": "2024-02-02", "close": 55.389496, "volume": 63000, "typical_volume": 391013.75, "trend": 60.976214, "fair_value": 62.578187, "relative_strength": -17.764213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.387466, "energy": 68.208881, "activity_lines": [ 55.091882, 55.425572, 57.132673, 59.147261 ] }, { "date": "2024-02-09", "close": 60.928452, "volume": 21000, "typical_volume": 380293.6, "trend": 60.93396, "fair_value": 62.562912, "relative_strength": -9.460788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.507004, "energy": 23.088497, "activity_lines": [ 57.042917, 56.336456, 57.253137, 59.14418 ] }, { "date": "2024-02-16", "close": 57.042919, "volume": 58000, "typical_volume": 374510.9, "trend": 60.796176, "fair_value": 62.51227, "relative_strength": -17.179358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.327364, "energy": 21.69729, "activity_lines": [ 57.307464, 56.479252, 57.067718, 58.893145 ] }, { "date": "2024-02-23", "close": 56.629566, "volume": 59000, "typical_volume": 370984.75, "trend": 60.617055, "fair_value": 62.45879, "relative_strength": -18.60588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.681462, "energy": 24.153917, "activity_lines": [ 57.324, 56.561923, 56.903951, 58.624331 ] }, { "date": "2024-03-01", "close": 56.298878, "volume": 35000, "typical_volume": 353513.85, "trend": 60.476515, "fair_value": 62.403296, "relative_strength": -18.796615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.639301, "energy": 24.804903, "activity_lines": [ 57.092521, 56.599501, 56.749239, 58.345739 ] }, { "date": "2024-03-08", "close": 56.464222, "volume": 68000, "typical_volume": 265951.4, "trend": 60.291883, "fair_value": 62.350268, "relative_strength": -21.565285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.726315, "energy": 24.124397, "activity_lines": [ 56.827974, 56.6476, 56.648065, 58.086882 ] }, { "date": "2024-03-15", "close": 56.298878, "volume": 94000, "typical_volume": 199850.0, "trend": 60.10174, "fair_value": 62.296716, "relative_strength": -20.844022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.54646, "energy": 28.1498, "activity_lines": [ 56.436664, 56.65211, 56.56382, 57.829269 ] }, { "date": "2024-03-22", "close": 56.38155, "volume": 226000, "typical_volume": 93850.0, "trend": 59.944666, "fair_value": 62.244829, "relative_strength": -22.430955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.687443, "energy": 27.655206, "activity_lines": [ 56.38155, 56.649103, 56.502801, 57.589256 ] }, { "date": "2024-03-29", "close": 56.050869, "volume": 85000, "typical_volume": 87950.0, "trend": 59.608471, "fair_value": 62.190968, "relative_strength": -22.622541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.978905, "energy": 31.14341, "activity_lines": [ 56.2603, 56.567936, 56.42761, 57.338044 ] }, { "date": "2024-04-05", "close": 56.216209, "volume": 49000, "typical_volume": 83850.0, "trend": 59.236452, "fair_value": 62.139462, "relative_strength": -22.034959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.456029, "energy": 28.642512, "activity_lines": [ 56.232743, 56.489775, 56.3847, 57.119188 ] }, { "date": "2024-04-12", "close": 56.050869, "volume": 79000, "typical_volume": 81500.0, "trend": 58.721137, "fair_value": 62.087422, "relative_strength": -23.206104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.202009, "energy": 27.285352, "activity_lines": [ 56.155584, 56.359005, 56.34179, 56.913666 ] }, { "date": "2024-04-19", "close": 55.637516, "volume": 117000, "typical_volume": 82400.0, "trend": 58.095593, "fair_value": 62.032762, "relative_strength": -18.486582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.708819, "energy": 33.041898, "activity_lines": [ 55.968198, 56.141055, 56.271323, 56.714723 ] }, { "date": "2024-04-26", "close": 54.56279, "volume": 56000, "typical_volume": 72850.0, "trend": 57.58579, "fair_value": 61.969989, "relative_strength": -21.811566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.375363, "energy": 41.694259, "activity_lines": [ 55.466661, 55.823899, 56.107556, 56.4868 ] }, { "date": "2024-05-03", "close": 54.232105, "volume": 46000, "typical_volume": 69800.0, "trend": 57.222038, "fair_value": 61.905507, "relative_strength": -22.464838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.56618, "energy": 57.22017, "activity_lines": [ 54.976145, 55.491711, 55.928042, 56.270434 ] }, { "date": "2024-05-10", "close": 54.066765, "volume": 57000, "typical_volume": 64550.0, "trend": 56.883087, "fair_value": 61.840724, "relative_strength": -23.456137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.521078, "energy": 75.981738, "activity_lines": [ 54.551768, 55.173053, 55.748134, 56.066868 ] }, { "date": "2024-05-17", "close": 54.397449, "volume": 55000, "typical_volume": 65450.0, "trend": 56.585472, "fair_value": 61.779714, "relative_strength": -24.374797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.009204, "energy": 83.574336, "activity_lines": [ 54.380914, 54.955102, 55.605232, 55.906504 ] }, { "date": "2024-05-24", "close": 54.56279, "volume": 44000, "typical_volume": 66650.0, "trend": 56.42013, "fair_value": 61.721039, "relative_strength": -24.721004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.612529, "energy": 83.187929, "activity_lines": [ 54.375403, 54.804791, 55.484375, 55.776008 ] }, { "date": "2024-05-31", "close": 53.901421, "volume": 85000, "typical_volume": 69350.0, "trend": 56.216209, "fair_value": 61.657978, "relative_strength": -23.713209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.05937, "energy": 83.877033, "activity_lines": [ 54.221083, 54.565796, 55.302892, 55.613511 ] }, { "date": "2024-06-07", "close": 53.984097, "volume": 83000, "typical_volume": 71700.0, "trend": 56.031577, "fair_value": 61.596587, "relative_strength": -25.434209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.437529, "energy": 78.184907, "activity_lines": [ 54.138413, 54.386927, 55.136369, 55.469504 ] }, { "date": "2024-06-14", "close": 53.901421, "volume": 61000, "typical_volume": 72050.0, "trend": 55.844189, "fair_value": 61.535514, "relative_strength": -27.203406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.716689, "energy": 59.266793, "activity_lines": [ 54.044719, 54.230603, 54.964729, 55.332074 ] }, { "date": "2024-06-21", "close": 54.56279, "volume": 209000, "typical_volume": 79350.0, "trend": 55.711916, "fair_value": 61.480611, "relative_strength": -28.174818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.87481, "energy": 54.763375, "activity_lines": [ 54.182504, 54.236616, 54.861193, 55.249403 ] }, { "date": "2024-06-28", "close": 54.84948, "volume": 254000, "typical_volume": 91000.0, "trend": 55.622267, "fair_value": 61.428805, "relative_strength": -26.539989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.224786, "energy": 39.884321, "activity_lines": [ 54.404829, 54.32181, 54.788898, 55.193762 ] }, { "date": "2024-07-05", "close": 55.28828, "volume": 93000, "typical_volume": 92750.0, "trend": 55.536222, "fair_value": 61.381204, "relative_strength": -27.01912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.077777, "energy": 20.138938, "activity_lines": [ 54.754309, 54.501113, 54.787341, 55.172215 ] }, { "date": "2024-07-12", "close": 56.867947, "volume": 80000, "typical_volume": 93800.0, "trend": 55.516612, "fair_value": 61.346487, "relative_strength": -25.52121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 33.60549, "energy": 31.557711, "activity_lines": [ 55.537886, 54.954438, 54.944584, 55.258133 ] }, { "date": "2024-07-19", "close": 57.482258, "volume": 145000, "typical_volume": 99300.0, "trend": 55.591881, "fair_value": 61.316989, "relative_strength": -20.752942, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.69714, "energy": 44.886344, "activity_lines": [ 56.333978, 55.471531, 55.159197, 55.384948 ] }, { "date": "2024-07-26", "close": 56.867947, "volume": 24000, "typical_volume": 97100.0, "trend": 55.63014, "fair_value": 61.283284, "relative_strength": -18.439676, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.781184, "energy": 43.824111, "activity_lines": [ 56.686577, 55.814832, 55.30967, 55.467275 ] }, { "date": "2024-08-02", "close": 56.867947, "volume": 60000, "typical_volume": 95400.0, "trend": 55.690445, "fair_value": 61.250086, "relative_strength": -16.13265, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.007686, "energy": 44.127475, "activity_lines": [ 56.885498, 56.113215, 55.45822, 55.547134 ] }, { "date": "2024-08-09", "close": 60.553829, "volume": 70000, "typical_volume": 87600.0, "trend": 55.862589, "fair_value": 61.24489, "relative_strength": -9.485579, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.674581, "energy": 64.898673, "activity_lines": [ 58.178482, 57.039846, 55.955097, 55.860901 ] }, { "date": "2024-08-16", "close": 57.131222, "volume": 66000, "typical_volume": 86650.0, "trend": 55.948203, "fair_value": 61.214418, "relative_strength": -17.338602, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.638012, "energy": 32.010066, "activity_lines": [ 57.979561, 57.223231, 56.106143, 55.942748 ] }, { "date": "2024-08-23", "close": 55.814831, "volume": 90000, "typical_volume": 88700.0, "trend": 55.97616, "fair_value": 61.174716, "relative_strength": -17.93996, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.545946, "energy": 21.963943, "activity_lines": [ 57.324291, 57.110053, 56.126673, 55.934143 ] }, { "date": "2024-08-30", "close": 56.341389, "volume": 25000, "typical_volume": 86000.0, "trend": 56.00789, "fair_value": 61.139436, "relative_strength": -16.823074, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 10.578978, "energy": 13.899846, "activity_lines": [ 56.955703, 57.057823, 56.199264, 55.957706 ] }, { "date": "2024-09-06", "close": 56.516907, "volume": 19000, "typical_volume": 81100.0, "trend": 55.860838, "fair_value": 61.105939, "relative_strength": -12.532225, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.222, "energy": 17.123641, "activity_lines": [ 56.680724, 57.005168, 56.287187, 55.990546 ] }, { "date": "2024-09-13", "close": 60.641582, "volume": 394000, "typical_volume": 98000.0, "trend": 55.980793, "fair_value": 61.102599, "relative_strength": -6.69139, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.839804, "energy": 30.333317, "activity_lines": [ 57.804039, 57.672136, 56.763749, 56.298981 ] }, { "date": "2024-09-20", "close": 60.115036, "volume": 270000, "typical_volume": 109200.0, "trend": 56.096976, "fair_value": 61.095544, "relative_strength": -8.081694, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.403186, "energy": 38.455328, "activity_lines": [ 58.745989, 58.146036, 57.161217, 56.565707 ] }, { "date": "2024-09-27", "close": 58.447605, "volume": 171000, "typical_volume": 114900.0, "trend": 56.1686, "fair_value": 61.076765, "relative_strength": -12.250753, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.540105, "energy": 41.247868, "activity_lines": [ 58.933208, 58.257729, 57.371868, 56.71736 ] }, { "date": "2024-10-04", "close": 59.325199, "volume": 44000, "typical_volume": 114350.0, "trend": 56.263966, "fair_value": 61.06443, "relative_strength": -8.078979, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.067527, "energy": 47.978728, "activity_lines": [ 59.23744, 58.511432, 57.645238, 56.921012 ] }, { "date": "2024-10-11", "close": 59.237442, "volume": 51000, "typical_volume": 114700.0, "trend": 56.361918, "fair_value": 61.051654, "relative_strength": -9.872107, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.832735, "energy": 39.549858, "activity_lines": [ 59.313498, 58.704503, 57.886785, 57.112849 ] }, { "date": "2024-10-18", "close": 58.184334, "volume": 136000, "typical_volume": 117250.0, "trend": 56.422011, "fair_value": 61.031742, "relative_strength": -12.879262, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.016663, "energy": 25.770038, "activity_lines": [ 58.857152, 58.663017, 58.005776, 57.230424 ] }, { "date": "2024-10-25", "close": 57.482258, "volume": 30000, "typical_volume": 114600.0, "trend": 56.469724, "fair_value": 61.007263, "relative_strength": -12.694141, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.648053, "energy": 17.425131, "activity_lines": [ 58.330597, 58.536963, 58.037507, 57.298827 ] }, { "date": "2024-11-01", "close": 55.551556, "volume": 171000, "typical_volume": 120100.0, "trend": 56.447569, "fair_value": 60.969895, "relative_strength": -12.809524, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.760165, "energy": 11.277385, "activity_lines": [ 57.335993, 58.05349, 57.868705, 57.23959 ] }, { "date": "2024-11-08", "close": 58.886402, "volume": 506000, "typical_volume": 134950.0, "trend": 56.542086, "fair_value": 60.955721, "relative_strength": -9.950554, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.166521, "energy": 18.476809, "activity_lines": [ 57.646075, 58.181139, 58.009648, 57.396934 ] }, { "date": "2024-11-15", "close": 56.516909, "volume": 227000, "typical_volume": 133600.0, "trend": 56.5714, "fair_value": 60.925729, "relative_strength": -9.883765, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.123581, "energy": 10.954034, "activity_lines": [ 57.195578, 57.831699, 57.904338, 57.39531 ] }, { "date": "2024-11-22", "close": 55.112759, "volume": 68802, "typical_volume": 132390.1, "trend": 56.589732, "fair_value": 60.886716, "relative_strength": -12.142348, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.037731, "energy": 23.082018, "activity_lines": [ 56.4584, 57.226958, 57.657358, 57.301204 ] }, { "date": "2024-11-29", "close": 56.165871, "volume": 76000, "typical_volume": 132190.1, "trend": 56.654191, "fair_value": 60.855244, "relative_strength": -7.377107, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.702508, "energy": 21.474548, "activity_lines": [ 56.277032, 56.914217, 57.511511, 57.273858 ] }, { "date": "2024-12-06", "close": 56.253628, "volume": 55000, "typical_volume": 127690.1, "trend": 56.727086, "fair_value": 60.824769, "relative_strength": -10.383609, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.235274, "energy": 22.063458, "activity_lines": [ 56.212675, 56.689234, 57.377364, 57.248016 ] }, { "date": "2024-12-13", "close": 55.463799, "volume": 79000, "typical_volume": 130440.1, "trend": 56.762631, "fair_value": 60.7895, "relative_strength": -10.443117, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.754735, "energy": 30.674552, "activity_lines": [ 55.838236, 56.360536, 57.173847, 57.166513 ] }, { "date": "2024-12-20", "close": 55.376037, "volume": 14000, "typical_volume": 128140.1, "trend": 56.789739, "fair_value": 60.754118, "relative_strength": -8.112557, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.773926, "energy": 32.44495, "activity_lines": [ 55.662718, 56.086089, 56.968658, 57.077056 ] }, { "date": "2024-12-27", "close": 55.20052, "volume": 55000, "typical_volume": 127390.1, "trend": 56.833043, "fair_value": 60.718056, "relative_strength": -10.945219, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.479693, "energy": 34.752028, "activity_lines": [ 55.504751, 55.849937, 56.753857, 56.974525 ] }, { "date": "2025-01-03", "close": 54.937241, "volume": 41000, "typical_volume": 126140.1, "trend": 56.864814, "fair_value": 60.68076, "relative_strength": -9.461764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.628927, "energy": 49.394311, "activity_lines": [ 55.253175, 55.620168, 56.539473, 56.852216 ] }, { "date": "2025-01-10", "close": 54.761723, "volume": 53000, "typical_volume": 124290.1, "trend": 56.893491, "fair_value": 60.642817, "relative_strength": -9.643452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.726127, "energy": 46.015803, "activity_lines": [ 55.025001, 55.404759, 56.318822, 56.716532 ] }, { "date": "2025-01-17", "close": 54.410686, "volume": 32000, "typical_volume": 124640.1, "trend": 56.888421, "fair_value": 60.504871, "relative_strength": -10.269201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.038272, "energy": 46.560352, "activity_lines": [ 54.779275, 55.139886, 56.069753, 56.556351 ] }, { "date": "2025-01-24", "close": 60.115036, "volume": 49000, "typical_volume": 126140.1, "trend": 57.063939, "fair_value": 60.487953, "relative_strength": -2.092834, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.353564, "energy": 7.871164, "activity_lines": [ 56.505206, 55.993543, 56.373149, 56.76452 ] }, { "date": "2025-02-07", "close": 55.376038, "volume": 216010, "typical_volume": 117240.6, "trend": 57.066865, "fair_value": 60.429204, "relative_strength": -9.155822, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.798393, "energy": 17.804479, "activity_lines": [ 56.335539, 55.920145, 56.208078, 56.655623 ] }, { "date": "2025-02-14", "close": 55.727074, "volume": 71547, "typical_volume": 107317.95, "trend": 57.028835, "fair_value": 60.36173, "relative_strength": -6.630133, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.869663, "energy": 18.427823, "activity_lines": [ 56.271182, 55.905784, 56.101514, 56.569185 ] }, { "date": "2025-02-21", "close": 56.165871, "volume": 46052, "typical_volume": 101070.55, "trend": 56.984956, "fair_value": 60.309954, "relative_strength": -7.70451, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.599206, "energy": 19.460998, "activity_lines": [ 56.300435, 55.979183, 56.057634, 56.51351 ] }, { "date": "2025-02-28", "close": 56.165871, "volume": 79004, "typical_volume": 102820.75, "trend": 56.961553, "fair_value": 60.261994, "relative_strength": -4.59197, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.846262, "energy": 12.613159, "activity_lines": [ 56.236078, 56.054177, 56.02462, 56.460666 ] }, { "date": "2025-03-07", "close": 56.078114, "volume": 31033, "typical_volume": 101822.4, "trend": 56.935226, "fair_value": 60.216336, "relative_strength": -2.368241, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.500314, "energy": 14.433099, "activity_lines": [ 56.025457, 56.100451, 55.998293, 56.40367 ] }, { "date": "2025-03-14", "close": 54.410686, "volume": 122301, "typical_volume": 101137.45, "trend": 56.730454, "fair_value": 60.162374, "relative_strength": -2.371147, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.05252, "energy": 27.127283, "activity_lines": [ 55.528154, 55.83079, 55.828207, 56.240796 ] }, { "date": "2025-03-21", "close": 54.322929, "volume": 60000, "typical_volume": 102637.45, "trend": 56.636844, "fair_value": 60.10785, "relative_strength": -3.28273, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.780723, "energy": 42.007776, "activity_lines": [ 55.065956, 55.559535, 55.667733, 56.085472 ] }, { "date": "2025-03-28", "close": 53.094299, "volume": 50000, "typical_volume": 96587.45, "trend": 56.54616, "fair_value": 60.049745, "relative_strength": -2.573445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.188769, "energy": 59.165161, "activity_lines": [ 54.287825, 55.076062, 55.405291, 55.856921 ] }, { "date": "2025-04-04", "close": 53.533096, "volume": 12000, "typical_volume": 71887.45, "trend": 56.45255, "fair_value": 59.991113, "relative_strength": -0.174048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.324346, "energy": 62.89478, "activity_lines": [ 53.86073, 54.702686, 55.196341, 55.662529 ] }, { "date": "2025-04-11", "close": 49.84721, "volume": 74008, "typical_volume": 64237.85, "trend": 56.230227, "fair_value": 59.895969, "relative_strength": 1.53903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.512745, "energy": 74.720616, "activity_lines": [ 52.380525, 53.675106, 54.661846, 55.236378 ] }, { "date": "2025-04-18", "close": 50.022728, "volume": 3000, "typical_volume": 60947.75, "trend": 55.876265, "fair_value": 59.811016, "relative_strength": 2.696494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.817346, "energy": 80.413022, "activity_lines": [ 51.37422, 52.866126, 54.175827, 54.835895 ] }, { "date": "2025-04-25", "close": 49.145134, "volume": 6100, "typical_volume": 57452.75, "trend": 55.510602, "fair_value": 59.72521, "relative_strength": -1.245999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.133508, "energy": 83.929057, "activity_lines": [ 50.367914, 51.994916, 53.630466, 54.401628 ] }, { "date": "2025-05-02", "close": 50.461525, "volume": 4000, "typical_volume": 54902.75, "trend": 55.244399, "fair_value": 59.636867, "relative_strength": -2.851482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.951638, "energy": 83.098304, "activity_lines": [ 50.145591, 51.482722, 53.243908, 54.075881 ] }, { "date": "2025-05-09", "close": 50.022728, "volume": 20001, "typical_volume": 51952.8, "trend": 54.934317, "fair_value": 59.542848, "relative_strength": -4.079233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.523137, "energy": 83.153308, "activity_lines": [ 49.952521, 50.994461, 52.843141, 53.738999 ] }, { "date": "2025-05-16", "close": 49.496174, "volume": 15150, "typical_volume": 52010.3, "trend": 54.609608, "fair_value": 59.461678, "relative_strength": -8.881551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.774391, "energy": 76.949787, "activity_lines": [ 49.817957, 50.522158, 52.418136, 53.388151 ] }, { "date": "2025-05-23", "close": 52.304466, "volume": 27000, "typical_volume": 50610.3, "trend": 54.413612, "fair_value": 59.396123, "relative_strength": -2.752641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.838967, "energy": 43.235111, "activity_lines": [ 50.642893, 50.680124, 52.288587, 53.239432 ] }, { "date": "2025-05-30", "close": 51.07584, "volume": 14000, "typical_volume": 49260.3, "trend": 54.200065, "fair_value": 59.308378, "relative_strength": -3.577812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.332266, "energy": 32.915701, "activity_lines": [ 50.906171, 50.652999, 52.055816, 53.024092 ] }, { "date": "2025-06-06", "close": 50.286003, "volume": 3059, "typical_volume": 46763.25, "trend": 54.024547, "fair_value": 59.215569, "relative_strength": -6.279474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.646064, "energy": 29.152937, "activity_lines": [ 50.777457, 50.541305, 51.76621, 52.771572 ] }, { "date": "2025-06-13", "close": 49.583931, "volume": 15000, "typical_volume": 45913.25, "trend": 53.714464, "fair_value": 59.11826, "relative_strength": -9.156554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.69715, "energy": 30.330027, "activity_lines": [ 50.42642, 50.353021, 51.431054, 52.485081 ] }, { "date": "2025-06-20", "close": 49.057381, "volume": 18002, "typical_volume": 44363.35, "trend": 53.465813, "fair_value": 59.02712, "relative_strength": -9.89129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.370157, "energy": 41.01481, "activity_lines": [ 49.929119, 50.140804, 51.068734, 52.184624 ] }, { "date": "2025-06-27", "close": 49.320656, "volume": 6102, "typical_volume": 33867.95, "trend": 53.272743, "fair_value": 58.937667, "relative_strength": -11.439649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.251218, "energy": 41.875653, "activity_lines": [ 49.54883, 49.990816, 50.784144, 51.917194 ] }, { "date": "2025-07-04", "close": 49.886845, "volume": 39050, "typical_volume": 32243.1, "trend": 53.063442, "fair_value": 58.851843, "relative_strength": -10.175272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.45609, "energy": 38.44509, "activity_lines": [ 49.55619, 49.956536, 50.582311, 51.698749 ] }, { "date": "2025-07-11", "close": 51.755264, "volume": 27015, "typical_volume": 31291.25, "trend": 52.913497, "fair_value": 58.779428, "relative_strength": -7.592636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.410457, "energy": 26.51446, "activity_lines": [ 50.265624, 50.248484, 50.586234, 51.614351 ] }, { "date": "2025-07-18", "close": 50.260525, "volume": 14000, "typical_volume": 28041.05, "trend": 52.740054, "fair_value": 58.696477, "relative_strength": -12.531302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.804731, "energy": 19.757699, "activity_lines": [ 50.378861, 50.245137, 50.468804, 51.443191 ] }, { "date": "2025-07-25", "close": 51.288158, "volume": 22043, "typical_volume": 27591.55, "trend": 52.603792, "fair_value": 58.650654, "relative_strength": -10.448158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.410779, "energy": 16.17477, "activity_lines": [ 50.789535, 50.42431, 50.477364, 51.34952 ] }, { "date": "2025-08-01", "close": 50.727631, "volume": 4000, "typical_volume": 21676.5, "trend": 52.454695, "fair_value": 58.621884, "relative_strength": -11.409049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.478499, "energy": 12.772864, "activity_lines": [ 50.864649, 50.468987, 50.45535, 51.228478 ] }, { "date": "2025-08-08", "close": 49.046055, "volume": 23000, "typical_volume": 19826.5, "trend": 52.258323, "fair_value": 58.544628, "relative_strength": -16.051018, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.002621, "energy": 20.82944, "activity_lines": [ 50.285439, 50.236593, 50.290724, 51.008565 ] }, { "date": "2025-08-15", "close": 49.139473, "volume": 59000, "typical_volume": 20276.5, "trend": 52.070914, "fair_value": 58.477523, "relative_strength": -16.444411, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.752979, "energy": 25.961848, "activity_lines": [ 49.793421, 50.058089, 50.160123, 50.807349 ] }, { "date": "2025-08-22", "close": 49.326317, "volume": 8000, "typical_volume": 20076.5, "trend": 51.901435, "fair_value": 58.38145, "relative_strength": -13.785196, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.183693, "energy": 34.983349, "activity_lines": [ 49.538071, 49.934403, 50.066149, 50.630279 ] }, { "date": "2025-08-29", "close": 50.634212, "volume": 9000, "typical_volume": 16826.1, "trend": 51.585408, "fair_value": 58.293761, "relative_strength": -12.911897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.780778, "energy": 26.995306, "activity_lines": [ 49.780966, 50.053199, 50.116769, 50.548522 ] }, { "date": "2025-09-05", "close": 50.073685, "volume": 26000, "typical_volume": 17976.1, "trend": 51.408663, "fair_value": 58.212534, "relative_strength": -14.462236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.421719, "energy": 21.994464, "activity_lines": [ 49.880615, 50.041412, 50.110258, 50.450992 ] }, { "date": "2025-09-12", "close": 49.419739, "volume": 46010, "typical_volume": 19971.6, "trend": 51.198418, "fair_value": 58.11706, "relative_strength": -18.369546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.858788, "energy": 21.233551, "activity_lines": [ 49.805879, 49.897034, 50.041224, 50.322674 ] }, { "date": "2025-09-19", "close": 50.073685, "volume": 14000, "typical_volume": 20471.6, "trend": 50.995345, "fair_value": 58.025778, "relative_strength": -17.068311, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.674, "energy": 12.776603, "activity_lines": [ 49.924212, 49.880049, 50.033162, 50.250111 ] }, { "date": "2025-09-26", "close": 48.578949, "volume": 30000, "typical_volume": 20971.55, "trend": 50.742448, "fair_value": 57.924914, "relative_strength": -19.013116, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.36602, "energy": 24.751735, "activity_lines": [ 49.482019, 49.621867, 49.884592, 50.094214 ] }, { "date": "2025-10-03", "close": 48.578949, "volume": 9000, "typical_volume": 20664.05, "trend": 50.492476, "fair_value": 57.82405, "relative_strength": -22.110082, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.253013, "energy": 31.875667, "activity_lines": [ 49.089651, 49.39426, 49.742897, 49.954634 ] }, { "date": "2025-10-10", "close": 48.392105, "volume": 24000, "typical_volume": 20514.05, "trend": 50.291856, "fair_value": 57.721988, "relative_strength": -23.385675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.29223, "energy": 39.503591, "activity_lines": [ 48.772018, 49.181939, 49.587774, 49.819126 ] }, { "date": "2025-10-17", "close": 48.111843, "volume": 18000, "typical_volume": 20714.05, "trend": 50.08482, "fair_value": 57.620644, "relative_strength": -23.305058, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.533624, "energy": 48.179147, "activity_lines": [ 48.473071, 48.961125, 49.424591, 49.67848 ] }, { "date": "2025-10-24", "close": 48.578949, "volume": 14000, "typical_volume": 21261.1, "trend": 49.934309, "fair_value": 57.522294, "relative_strength": -22.746142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.09552, "energy": 43.052871, "activity_lines": [ 48.417019, 48.842226, 49.320008, 49.581327 ] }, { "date": "2025-10-31", "close": 51.38158, "volume": 37090, "typical_volume": 22365.6, "trend": 49.862591, "fair_value": 57.445429, "relative_strength": -19.885132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.030087, "energy": 9.076511, "activity_lines": [ 49.394826, 49.243087, 49.490471, 49.674699 ] }, { "date": "2025-11-07", "close": 54.651318, "volume": 119528, "typical_volume": 27441.9, "trend": 50.022728, "fair_value": 57.393545, "relative_strength": -12.651799, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.721908, "energy": 26.376136, "activity_lines": [ 51.275703, 50.201078, 49.963777, 49.983649 ] }, { "date": "2025-11-14", "close": 52.315788, "volume": 24120, "typical_volume": 28342.8, "trend": 50.099164, "fair_value": 57.324177, "relative_strength": -15.184011, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.511526, "energy": 46.444545, "activity_lines": [ 51.973246, 50.661388, 50.188015, 50.131589 ] }, { "date": "2025-11-21", "close": 54.744736, "volume": 20000, "typical_volume": 27390.3, "trend": 50.285817, "fair_value": 57.275407, "relative_strength": -7.687834, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.852217, "energy": 65.328686, "activity_lines": [ 53.21886, 51.52256, 50.629318, 50.431303 ] }, { "date": "2025-11-28", "close": 53.530262, "volume": 14300, "typical_volume": 26754.55, "trend": 50.388108, "fair_value": 57.218851, "relative_strength": -13.280523, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.89464, "energy": 66.504298, "activity_lines": [ 53.617456, 52.066101, 50.931824, 50.640622 ] }, { "date": "2025-12-05", "close": 54.371056, "volume": 4000, "typical_volume": 26254.55, "trend": 50.533053, "fair_value": 57.162658, "relative_strength": -12.597975, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.607218, "energy": 62.983038, "activity_lines": [ 53.966229, 52.699666, 51.305953, 50.897586 ] }, { "date": "2025-12-12", "close": 53.810524, "volume": 4040, "typical_volume": 25354.4, "trend": 50.676864, "fair_value": 57.102871, "relative_strength": -13.779437, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.311851, "energy": 56.917715, "activity_lines": [ 53.928859, 53.126005, 51.607125, 51.109036 ] }, { "date": "2025-12-19", "close": 52.22237, "volume": 14000, "typical_volume": 25854.4, "trend": 50.674128, "fair_value": 57.035418, "relative_strength": -14.419008, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.571911, "energy": 34.379099, "activity_lines": [ 53.418158, 53.168469, 51.745032, 51.208746 ] }, { "date": "2025-12-26", "close": 53.25, "volume": 2224, "typical_volume": 24815.6, "trend": 50.7466, "fair_value": 56.972038, "relative_strength": -14.919966, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.935807, "energy": 27.899663, "activity_lines": [ 53.256228, 53.328134, 51.973691, 51.374931 ] }, { "date": "2026-01-02", "close": 51.568424, "volume": 17001, "typical_volume": 22715.65, "trend": 50.789347, "fair_value": 56.897879, "relative_strength": -19.400482, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.115853, "energy": 17.99449, "activity_lines": [ 52.633422, 53.088637, 52.022181, 51.427952 ] }, { "date": "2026-01-09", "close": 51.38158, "volume": 12000, "typical_volume": 22915.65, "trend": 50.849269, "fair_value": 56.815986, "relative_strength": -21.697812, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.514212, "energy": 17.346373, "activity_lines": [ 52.079124, 52.760814, 52.04131, 51.466161 ] }, { "date": "2026-01-16", "close": 51.194736, "volume": 7019, "typical_volume": 22816.6, "trend": 50.920514, "fair_value": 56.741945, "relative_strength": -24.259839, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.143876, "energy": 15.19819, "activity_lines": [ 51.661843, 52.39902, 52.032858, 51.488449 ] }, { "date": "2026-01-23", "close": 51.194736, "volume": 6000, "typical_volume": 21816.6, "trend": 50.982983, "fair_value": 56.667905, "relative_strength": -25.068467, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.59793, "energy": 15.530574, "activity_lines": [ 51.418947, 52.100072, 52.021736, 51.506141 ] }, { "date": "2026-01-30", "close": 52.22237, "volume": 6000, "typical_volume": 19816.1, "trend": 51.060834, "fair_value": 56.600451, "relative_strength": -23.167606, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.590936, "energy": 11.636378, "activity_lines": [ 51.587106, 52.00835, 52.103146, 51.586101 ] }, { "date": "2026-02-06", "close": 53.997368, "volume": 6655, "typical_volume": 19448.85, "trend": 51.135571, "fair_value": 56.554431, "relative_strength": -19.371661, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.605672, "energy": 19.198662, "activity_lines": [ 52.415439, 52.285216, 52.340257, 51.775555 ] }, { "date": "2026-02-13", "close": 53.063156, "volume": 13000, "typical_volume": 18598.85, "trend": 51.228992, "fair_value": 56.502423, "relative_strength": -24.493726, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 36.145603, "energy": 25.117008, "activity_lines": [ 52.770438, 52.383732, 52.469712, 51.899916 ] }, { "date": "2026-02-27", "close": 51.101318, "volume": 38000, "typical_volume": 20048.85, "trend": 51.222764, "fair_value": 56.436833, "relative_strength": -30.407924, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.261579, "energy": 15.728079, "activity_lines": [ 52.359386, 52.14933, 52.390972, 51.891678 ] }, { "date": "2026-03-06", "close": 50.914474, "volume": 10000, "typical_volume": 19348.85, "trend": 51.228992, "fair_value": 56.371051, "relative_strength": -26.287279, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.94545, "energy": 7.165585, "activity_lines": [ 51.892281, 51.930216, 52.282425, 51.871789 ] }, { "date": "2026-03-13", "close": 50.914474, "volume": 23000, "typical_volume": 19598.85, "trend": 51.291273, "fair_value": 56.285661, "relative_strength": -25.175939, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.218402, "energy": 15.974987, "activity_lines": [ 51.44386, 51.734881, 52.161868, 51.851497 ] }, { "date": "2026-03-20", "close": 47.457893, "volume": 30075, "typical_volume": 20402.6, "trend": 51.23522, "fair_value": 56.187667, "relative_strength": -29.850998, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.035048, "energy": 52.528167, "activity_lines": [ 49.930438, 50.953541, 51.698766, 51.604183 ] }, { "date": "2026-03-27", "close": 49.232895, "volume": 15420, "typical_volume": 19319.1, "trend": 51.232106, "fair_value": 56.091497, "relative_strength": -25.59902, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.588952, "energy": 55.577381, "activity_lines": [ 49.444649, 50.569665, 51.41005, 51.475 ] }, { "date": "2026-04-03", "close": 49.046055, "volume": 2358, "typical_volume": 13460.6, "trend": 51.179167, "fair_value": 56.013738, "relative_strength": -23.955593, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.307558, "energy": 59.262296, "activity_lines": [ 49.15193, 50.190886, 51.113772, 51.333965 ] }, { "date": "2026-04-10", "close": 48.952633, "volume": 1000, "typical_volume": 12304.6, "trend": 51.141799, "fair_value": 55.920298, "relative_strength": -29.422575, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.111069, "energy": 62.928515, "activity_lines": [ 48.965089, 49.834187, 50.835289, 51.190317 ] }, { "date": "2026-04-17", "close": 48.298687, "volume": 14002, "typical_volume": 12004.7, "trend": 51.10443, "fair_value": 55.822665, "relative_strength": -32.162546, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.141815, "energy": 64.520803, "activity_lines": [ 48.691054, 49.399355, 50.51054, 51.006891 ] }, { "date": "2026-04-24", "close": 47.177631, "volume": 14000, "typical_volume": 11989.7, "trend": 51.007895, "fair_value": 55.713321, "relative_strength": -36.495855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.863286, "energy": 67.14748, "activity_lines": [ 48.21772, 48.832034, 50.109719, 50.753549 ] }, { "date": "2026-05-01", "close": 48.392105, "volume": 6000, "typical_volume": 12089.7, "trend": 51.001667, "fair_value": 55.611762, "relative_strength": -34.033841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.907853, "energy": 49.91243, "activity_lines": [ 48.167895, 48.609522, 49.854813, 50.584788 ] }, { "date": "2026-05-08", "close": 47.551319, "volume": 9020, "typical_volume": 12338.7, "trend": 50.967413, "fair_value": 55.504813, "relative_strength": -38.545754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.736505, "energy": 47.283646, "activity_lines": [ 47.893861, 48.319068, 49.548303, 50.362185 ] }, { "date": "2026-05-15", "close": 45.542763, "volume": 99000, "typical_volume": 16588.7, "trend": 50.872435, "fair_value": 55.384487, "relative_strength": -39.723353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.644545, "energy": 56.627453, "activity_lines": [ 47.049957, 47.727967, 49.080308, 50.012208 ] }, { "date": "2026-05-22", "close": 49.046055, "volume": 25087, "typical_volume": 17731.85, "trend": 50.903575, "fair_value": 55.286617, "relative_strength": -36.028125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.246029, "energy": 38.187596, "activity_lines": [ 47.601142, 47.871496, 48.977767, 49.894377 ] }, { "date": "2026-05-29", "close": 47.644737, "volume": 16015, "typical_volume": 17682.55, "trend": 50.872435, "fair_value": 55.179765, "relative_strength": -40.427281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.655101, "energy": 35.467509, "activity_lines": [ 47.635396, 47.794212, 48.761787, 49.684129 ] }, { "date": "2026-06-05", "close": 45.963158, "volume": 38020, "typical_volume": 18983.55, "trend": 50.691821, "fair_value": 55.082243, "relative_strength": -42.105956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.797391, "energy": 41.260008, "activity_lines": [ 47.077983, 47.407788, 48.40434, 49.367402 ] }, { "date": "2026-06-12", "close": 44.701973, "volume": 74000, "typical_volume": 22332.6, "trend": 50.360176, "fair_value": 54.962058, "relative_strength": -41.711503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.832201, "energy": 42.630653, "activity_lines": [ 46.262105, 46.851508, 47.952582, 48.98096 ] }, { "date": "2026-06-19", "close": 43.160526, "volume": 126001, "typical_volume": 28332.65, "trend": 50.055, "fair_value": 54.831991, "relative_strength": -45.710356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.675516, "energy": 67.189374, "activity_lines": [ 45.122368, 46.093948, 47.384938, 48.516466 ] }, { "date": "2026-06-26", "close": 41.572369, "volume": 156502, "typical_volume": 35857.75, "trend": 49.615922, "fair_value": 54.706323, "relative_strength": -44.682991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.509553, "energy": 84.309503, "activity_lines": [ 43.612061, 45.152943, 46.704299, 47.9692 ] }, { "date": "2026-07-03", "close": 42.599998, "volume": 134000, "typical_volume": 42225.0, "trend": 49.251579, "fair_value": 54.587243, "relative_strength": -45.196006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.760722, "energy": 79.571322, "activity_lines": [ 42.942543, 44.521076, 46.172243, 47.51656 ] }, { "date": "2026-07-10", "close": 43.400002, "volume": 203000, "typical_volume": 51725.0, "trend": 48.885878, "fair_value": 54.46575, "relative_strength": -41.562131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.364145, "energy": 71.478823, "activity_lines": [ 42.876009, 44.117895, 45.770652, 47.139038 ] }, { "date": "2026-07-17", "close": 42.150002, "volume": 152102, "typical_volume": 57430.1, "trend": 48.497194, "fair_value": 54.341775, "relative_strength": -38.750462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.348095, "energy": 63.255279, "activity_lines": [ 42.563685, 43.578206, 45.296028, 46.704466 ] }, { "date": "2026-07-24", "close": 44.650002, "volume": 47053, "typical_volume": 59282.75, "trend": 48.244781, "fair_value": 54.2293, "relative_strength": -35.715843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.714991, "energy": 41.33478, "activity_lines": [ 43.254826, 43.591269, 45.102125, 46.45626 ] }, { "date": "2026-07-31", "close": 44.299999, "volume": 39015, "typical_volume": 60083.5, "trend": 47.946448, "fair_value": 54.121117, "relative_strength": -34.503827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.736048, "energy": 29.873873, "activity_lines": [ 43.730001, 43.556926, 44.904719, 46.201758 ] }, { "date": "2026-08-07", "close": 45.150002, "volume": 3110, "typical_volume": 58735.25, "trend": 47.732501, "fair_value": 54.013084, "relative_strength": -33.991111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.362266, "energy": 22.567915, "activity_lines": [ 44.306668, 43.763422, 44.819763, 46.021342 ] }, { "date": "2026-08-14", "close": 42.200001, "volume": 39275, "typical_volume": 59928.0, "trend": 47.426448, "fair_value": 53.89568, "relative_strength": -39.597081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.935074, "energy": 25.861055, "activity_lines": [ 43.730001, 43.478912, 44.464844, 45.664406 ] } ], "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." } } }