{ "ticker": { "uuid": "a3246b61-48a8-4603-940a-f3e775fb181b", "symbol": "000011", "name": "ShenZhen Properties & Resources Development (Group) 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": -20.01, "architecture_energy": 21.769, "architecture_maturity": 100.0, "architecture_confidence": 79.078, "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": 42.02, "rotation_up": 44.2, "upward_expansion": 24.48, "deceleration": 38.5, "rotation_down": 22.44, "downward_expansion": 56.15 }, "activity_lines": [ 7.668667, 7.351451, 7.444319, 7.697688 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 7.76, "trend_reference": 8.058727, "distance_from_trend": -0.037069, "trend_direction": "Weakening", "fair_value": 8.633286, "distance_from_fair_value": -0.101153, "fair_value_direction": "Weakening", "relative_strength": -14.156989, "relative_strength_direction": "Improving", "price_momentum": -0.12809, "excess_performance": -0.13549, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.037069, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.090649, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.101153, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.017228, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.14157, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.135385, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.12809, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.236214, "read": "Supply-led" } ], "volume": { "latest": 56730159, "relative_activity": 1.686998, "balance": 0.236214, "dry_up": 2.516145, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.098051, "annualized_volatility": 0.389577, "from_high_reference": -0.333333, "from_low_reference": 0.255663 }, "levels": { "trend_reference": 8.058727, "fair_value_reference": 8.633286, "structural_low": 6.18, "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": 26, "median_return": -0.007543, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.005315, "regime_survival": 0.730769, "best_return": 0.250484, "worst_return": -0.148036, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.082177, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.066046, "regime_survival": 0.333333, "best_return": 0.276983, "worst_return": -0.163382, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.056255, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": 0.018263, "regime_survival": 0.166667, "best_return": 0.176301, "worst_return": -0.097372, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.009952, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.002265, "regime_survival": 0.5, "best_return": 0.057864, "worst_return": -0.057647, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-06-21", "tenure": "New", "return": 0.010393, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-08-02", "tenure": "Developing", "return": 0.060724, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-09", "end": "2024-08-16", "tenure": "New", "return": -0.186368, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-10-04", "tenure": "Developing", "return": 0.330623, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-12-27", "tenure": "Developing", "return": 0.037931, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-01-17", "tenure": "New", "return": 0.01451, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-21", "tenure": "Developing", "return": 0.019753, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": 0.020457, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-09", "tenure": "Developing", "return": -0.015258, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-07-25", "tenure": "Developing", "return": 0.046373, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-11-28", "tenure": "Established", "return": 0.169811, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2026-01-02", "tenure": "Developing", "return": -0.044539, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-09", "end": "2026-01-30", "tenure": "New", "return": -0.021978, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-08-07", "tenure": "Established", "return": -0.143488, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 9.875389, "volume": 59843548, "typical_volume": 18586875.85, "trend": 9.59722, "fair_value": 10.87924, "relative_strength": 5.683542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.709491, "energy": 13.257856, "activity_lines": [ 9.227083, 9.020373, 9.023924, 9.253066 ] }, { "date": "2023-08-04", "close": 10.221557, "volume": 44495647, "typical_volume": 19750840.65, "trend": 9.580493, "fair_value": 10.814776, "relative_strength": 7.735122, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 41.676518, "energy": 42.428465, "activity_lines": [ 9.620828, 9.256248, 9.124675, 9.293346 ] }, { "date": "2023-08-11", "close": 10.413872, "volume": 65596360, "typical_volume": 22036524.6, "trend": 9.57511, "fair_value": 10.750293, "relative_strength": 13.711415, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.264599, "energy": 53.106718, "activity_lines": [ 9.970265, 9.500213, 9.243577, 9.347112 ] }, { "date": "2023-08-18", "close": 9.615764, "volume": 68970350, "typical_volume": 23936050.0, "trend": 9.562862, "fair_value": 10.670252, "relative_strength": 8.149018, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.06681, "energy": 48.213822, "activity_lines": [ 9.948469, 9.571892, 9.284946, 9.349735 ] }, { "date": "2023-08-25", "close": 9.461911, "volume": 31059709, "typical_volume": 24506222.25, "trend": 9.530065, "fair_value": 10.576443, "relative_strength": 9.455645, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.39155, "energy": 47.637617, "activity_lines": [ 9.822182, 9.602765, 9.310416, 9.343222 ] }, { "date": "2023-09-01", "close": 10.317714, "volume": 156028296, "typical_volume": 31326883.3, "trend": 9.526411, "fair_value": 10.491928, "relative_strength": 15.018341, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.522071, "energy": 34.876201, "activity_lines": [ 9.95552, 9.779875, 9.417802, 9.394038 ] }, { "date": "2023-09-08", "close": 9.683073, "volume": 81367881, "typical_volume": 34598093.05, "trend": 9.490809, "fair_value": 10.414276, "relative_strength": 9.45814, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.028761, "energy": 18.835101, "activity_lines": [ 9.847824, 9.808935, 9.460687, 9.404145 ] }, { "date": "2023-09-15", "close": 9.606148, "volume": 29409870, "typical_volume": 35113608.75, "trend": 9.469605, "fair_value": 10.363869, "relative_strength": 9.702054, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.778034, "energy": 12.376842, "activity_lines": [ 9.750384, 9.804232, 9.494106, 9.411586 ] }, { "date": "2023-09-22", "close": 9.519606, "volume": 22589926, "typical_volume": 35782263.85, "trend": 9.433488, "fair_value": 10.327102, "relative_strength": 8.090816, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.266142, "energy": 11.128396, "activity_lines": [ 9.677945, 9.76979, 9.516144, 9.414812 ] }, { "date": "2023-09-29", "close": 9.394601, "volume": 15372400, "typical_volume": 35232814.75, "trend": 9.387653, "fair_value": 10.296116, "relative_strength": 7.166719, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.851633, "energy": 17.576637, "activity_lines": [ 9.570249, 9.699858, 9.524959, 9.412303 ] }, { "date": "2023-10-13", "close": 9.038817, "volume": 19350840, "typical_volume": 35650612.65, "trend": 9.351547, "fair_value": 10.252514, "relative_strength": 3.368843, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.131471, "energy": 12.499028, "activity_lines": [ 9.348445, 9.559467, 9.498199, 9.389798 ] }, { "date": "2023-10-20", "close": 8.875349, "volume": 16220333, "typical_volume": 35797999.1, "trend": 9.307834, "fair_value": 10.21499, "relative_strength": 6.453639, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.977332, "energy": 22.450482, "activity_lines": [ 9.157412, 9.404566, 9.455301, 9.359075 ] }, { "date": "2023-10-27", "close": 9.019587, "volume": 17489136, "typical_volume": 36155336.75, "trend": 9.272012, "fair_value": 10.175562, "relative_strength": 5.605877, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.999833, "energy": 23.307919, "activity_lines": [ 9.068306, 9.300366, 9.425512, 9.340479 ] }, { "date": "2023-11-03", "close": 8.586877, "volume": 27471165, "typical_volume": 36277150.15, "trend": 9.24644, "fair_value": 10.128139, "relative_strength": -0.51817, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.312595, "energy": 45.358062, "activity_lines": [ 8.874068, 9.142843, 9.354035, 9.296277 ] }, { "date": "2023-11-10", "close": 9.058049, "volume": 25920201, "typical_volume": 36915548.5, "trend": 9.230096, "fair_value": 10.094995, "relative_strength": 3.370149, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.43604, "energy": 38.490311, "activity_lines": [ 8.899069, 9.089694, 9.328969, 9.284122 ] }, { "date": "2023-11-17", "close": 9.086896, "volume": 14044000, "typical_volume": 37084210.4, "trend": 9.21749, "fair_value": 10.070248, "relative_strength": 3.417719, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.994965, "energy": 28.785323, "activity_lines": [ 8.956122, 9.049133, 9.306121, 9.274884 ] }, { "date": "2023-11-24", "close": 9.442679, "volume": 65535728, "typical_volume": 39898360.25, "trend": 9.224454, "fair_value": 10.054689, "relative_strength": 8.758208, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 4.16687, "energy": 8.620096, "activity_lines": [ 9.128564, 9.095638, 9.314465, 9.289412 ] }, { "date": "2023-12-01", "close": 9.067665, "volume": 24796521, "typical_volume": 40635427.35, "trend": 9.228477, "fair_value": 10.034605, "relative_strength": 5.550841, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.561762, "energy": 4.992, "activity_lines": [ 9.13818, 9.07833, 9.283058, 9.279297 ] }, { "date": "2023-12-08", "close": 8.798423, "volume": 21078263, "typical_volume": 41012302.0, "trend": 9.213657, "fair_value": 10.016548, "relative_strength": 4.158328, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.069661, "energy": 12.477078, "activity_lines": [ 9.054844, 9.021859, 9.224905, 9.251551 ] }, { "date": "2023-12-15", "close": 9.058049, "volume": 23961839, "typical_volume": 41530100.65, "trend": 9.214276, "fair_value": 9.999285, "relative_strength": 9.100614, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.865224, "energy": 8.867255, "activity_lines": [ 9.043946, 9.025705, 9.191571, 9.241512 ] }, { "date": "2023-12-22", "close": 8.548414, "volume": 17790480, "typical_volume": 39427447.25, "trend": 9.201917, "fair_value": 9.980713, "relative_strength": 5.051968, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.996946, "energy": 53.035679, "activity_lines": [ 8.86317, 8.94301, 9.109791, 9.198553 ] }, { "date": "2023-12-29", "close": 8.519567, "volume": 14098872, "typical_volume": 37907608.5, "trend": 9.194456, "fair_value": 9.961467, "relative_strength": 1.542169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.7383, "energy": 62.696433, "activity_lines": [ 8.708677, 8.863986, 9.031583, 9.15453 ] }, { "date": "2024-01-05", "close": 8.529182, "volume": 10621211, "typical_volume": 35158851.05, "trend": 9.181455, "fair_value": 9.949353, "relative_strength": 6.369325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.046541, "energy": 62.249087, "activity_lines": [ 8.618929, 8.793179, 8.962395, 9.111609 ] }, { "date": "2024-01-12", "close": 8.471488, "volume": 39844137, "typical_volume": 33702540.4, "trend": 9.16684, "fair_value": 9.936271, "relative_strength": 7.135603, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.98075, "energy": 61.434513, "activity_lines": [ 8.54585, 8.720798, 8.896687, 9.065805 ] }, { "date": "2024-01-19", "close": 8.913814, "volume": 46408879, "typical_volume": 34469998.9, "trend": 9.165736, "fair_value": 9.929069, "relative_strength": 15.201829, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.473397, "energy": 34.389387, "activity_lines": [ 8.642008, 8.730939, 8.878555, 9.049481 ] }, { "date": "2024-01-26", "close": 9.548453, "volume": 90086190, "typical_volume": 31172893.6, "trend": 9.199972, "fair_value": 9.924087, "relative_strength": 23.135064, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.239416, "energy": 9.648544, "activity_lines": [ 8.959328, 8.859091, 8.923474, 9.074172 ] }, { "date": "2024-02-02", "close": 8.029162, "volume": 80119403, "typical_volume": 31110469.7, "trend": 9.181099, "fair_value": 9.914043, "relative_strength": 12.319529, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.012354, "energy": 23.780672, "activity_lines": [ 8.703548, 8.702616, 8.827362, 8.998636 ] }, { "date": "2024-02-09", "close": 7.884926, "volume": 29010344, "typical_volume": 31090493.4, "trend": 9.149399, "fair_value": 9.90351, "relative_strength": 0.674569, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.386556, "energy": 31.676895, "activity_lines": [ 8.432384, 8.545617, 8.72539, 8.915012 ] }, { "date": "2024-02-23", "close": 8.183015, "volume": 24807625, "typical_volume": 31201378.35, "trend": 9.128244, "fair_value": 9.896302, "relative_strength": 1.603999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.860223, "energy": 32.299954, "activity_lines": [ 8.303532, 8.46432, 8.660002, 8.852665 ] }, { "date": "2024-03-01", "close": 8.134936, "volume": 30240091, "typical_volume": 31944762.9, "trend": 9.096833, "fair_value": 9.892864, "relative_strength": -2.878906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.672755, "energy": 53.90412, "activity_lines": [ 8.177886, 8.38547, 8.596401, 8.78858 ] }, { "date": "2024-03-08", "close": 7.827232, "volume": 16101417, "typical_volume": 31782291.75, "trend": 9.028561, "fair_value": 9.888651, "relative_strength": -5.766391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.294032, "energy": 57.755906, "activity_lines": [ 8.001598, 8.267459, 8.509493, 8.706671 ] }, { "date": "2024-03-15", "close": 8.067626, "volume": 23407175, "typical_volume": 32141633.85, "trend": 8.956763, "fair_value": 9.885652, "relative_strength": -5.191833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.665836, "energy": 43.567373, "activity_lines": [ 8.020188, 8.206268, 8.451249, 8.644675 ] }, { "date": "2024-03-22", "close": 7.904158, "volume": 14149838, "typical_volume": 31974668.95, "trend": 8.873106, "fair_value": 9.877145, "relative_strength": -6.53628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.715345, "energy": 40.61129, "activity_lines": [ 7.981725, 8.123572, 8.381283, 8.576765 ] }, { "date": "2024-03-29", "close": 7.923389, "volume": 30111739, "typical_volume": 32106697.65, "trend": 8.816694, "fair_value": 9.867403, "relative_strength": -4.541928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.665243, "energy": 34.701691, "activity_lines": [ 7.94839, 8.055737, 8.31846, 8.515493 ] }, { "date": "2024-04-05", "close": 8.154167, "volume": 16979998, "typical_volume": 31659687.5, "trend": 8.773102, "fair_value": 9.858704, "relative_strength": -3.214787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.08277, "energy": 28.688126, "activity_lines": [ 8.00929, 8.039827, 8.280775, 8.472749 ] }, { "date": "2024-04-12", "close": 7.846463, "volume": 18963455, "typical_volume": 31905660.25, "trend": 8.690727, "fair_value": 9.845422, "relative_strength": -3.782698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.496448, "energy": 30.152186, "activity_lines": [ 7.966339, 7.981783, 8.218089, 8.412966 ] }, { "date": "2024-04-19", "close": 7.731074, "volume": 16585016, "typical_volume": 29458124.65, "trend": 8.62566, "fair_value": 9.813126, "relative_strength": -5.793399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.270493, "energy": 31.729516, "activity_lines": [ 7.883644, 7.933704, 8.150321, 8.351053 ] }, { "date": "2024-04-26", "close": 7.9907, "volume": 13917814, "typical_volume": 28914189.3, "trend": 8.571812, "fair_value": 9.789837, "relative_strength": -4.615032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.621313, "energy": 28.218609, "activity_lines": [ 7.909927, 7.93825, 8.11543, 8.310088 ] }, { "date": "2024-05-03", "close": 8.086857, "volume": 20541623, "typical_volume": 28887357.3, "trend": 8.524054, "fair_value": 9.769721, "relative_strength": -4.784551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.952903, "energy": 24.463284, "activity_lines": [ 7.962493, 7.958356, 8.094825, 8.2788 ] }, { "date": "2024-05-10", "close": 8.279172, "volume": 43031973, "typical_volume": 29840864.0, "trend": 8.486873, "fair_value": 9.751272, "relative_strength": -4.092387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.457391, "energy": 18.328666, "activity_lines": [ 8.068267, 8.015176, 8.095923, 8.263001 ] }, { "date": "2024-05-17", "close": 9.12536, "volume": 62791463, "typical_volume": 32090913.15, "trend": 8.489758, "fair_value": 9.738139, "relative_strength": 5.688315, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.905911, "energy": 21.642571, "activity_lines": [ 8.447769, 8.223226, 8.181321, 8.304194 ] }, { "date": "2024-05-24", "close": 8.336867, "volume": 60459837, "typical_volume": 34408961.4, "trend": 8.471808, "fair_value": 9.720604, "relative_strength": -0.661501, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 11.753441, "energy": 22.218547, "activity_lines": [ 8.47918, 8.264312, 8.188876, 8.29433 ] }, { "date": "2024-05-31", "close": 7.865695, "volume": 31818549, "typical_volume": 35468828.3, "trend": 8.433345, "fair_value": 9.705302, "relative_strength": -5.746138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.807819, "energy": 19.547033, "activity_lines": [ 8.313148, 8.214834, 8.152428, 8.255226 ] }, { "date": "2024-06-07", "close": 7.779153, "volume": 20696416, "typical_volume": 34511442.25, "trend": 8.406421, "fair_value": 9.686974, "relative_strength": -5.767788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.842639, "energy": 18.295314, "activity_lines": [ 8.126603, 8.150321, 8.110897, 8.21302 ] }, { "date": "2024-06-14", "close": 7.808, "volume": 13190746, "typical_volume": 32850535.6, "trend": 8.364753, "fair_value": 9.66591, "relative_strength": -5.450411, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.735148, "energy": 30.81315, "activity_lines": [ 7.970186, 8.093676, 8.07541, 8.174412 ] }, { "date": "2024-06-21", "close": 7.86, "volume": 17726932, "typical_volume": 29232572.7, "trend": 8.323856, "fair_value": 9.64928, "relative_strength": -2.940005, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.675856, "energy": 34.076548, "activity_lines": [ 7.862514, 8.052779, 8.050141, 8.141848 ] }, { "date": "2024-06-28", "close": 7.74, "volume": 10503816, "typical_volume": 25751793.35, "trend": 8.2671, "fair_value": 9.626039, "relative_strength": -2.262693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.080788, "energy": 51.495106, "activity_lines": [ 7.7992, 7.989817, 8.021484, 8.10418 ] }, { "date": "2024-07-05", "close": 7.69, "volume": 13040759, "typical_volume": 24953314.1, "trend": 8.221178, "fair_value": 9.601353, "relative_strength": -1.42484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.364224, "energy": 52.399053, "activity_lines": [ 7.75901, 7.917603, 7.989443, 8.066947 ] }, { "date": "2024-07-12", "close": 7.61, "volume": 9330625, "typical_volume": 24179464.1, "trend": 8.181564, "fair_value": 9.575425, "relative_strength": -4.360895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.701263, "energy": 46.919867, "activity_lines": [ 7.703867, 7.83631, 7.95071, 8.027516 ] }, { "date": "2024-07-19", "close": 7.37, "volume": 10041554, "typical_volume": 23169537.25, "trend": 8.125296, "fair_value": 9.552508, "relative_strength": -7.920555, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.158121, "energy": 52.319325, "activity_lines": [ 7.58, 7.720051, 7.891849, 7.975157 ] }, { "date": "2024-07-26", "close": 7.32, "volume": 7337689, "typical_volume": 22731350.85, "trend": 8.084349, "fair_value": 9.530169, "relative_strength": -5.402053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.484729, "energy": 56.240606, "activity_lines": [ 7.468667, 7.611231, 7.831868, 7.923203 ] }, { "date": "2024-08-02", "close": 8.21, "volume": 34640240, "typical_volume": 23293004.1, "trend": 8.07403, "fair_value": 9.515726, "relative_strength": 6.367649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.419367, "energy": 25.190852, "activity_lines": [ 7.69, 7.697055, 7.859065, 7.931309 ] }, { "date": "2024-08-09", "close": 9.39, "volume": 119624529, "typical_volume": 28566738.65, "trend": 8.102724, "fair_value": 9.509859, "relative_strength": 23.370156, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.951889, "energy": 23.863024, "activity_lines": [ 8.273333, 7.99973, 7.997965, 8.016211 ] }, { "date": "2024-08-16", "close": 7.64, "volume": 120952784, "typical_volume": 33108790.9, "trend": 8.075007, "fair_value": 9.491144, "relative_strength": 0.893119, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -15.703986, "energy": 17.731993, "activity_lines": [ 8.16, 7.956509, 7.963122, 7.986358 ] }, { "date": "2024-08-23", "close": 7.38, "volume": 46609224, "typical_volume": 34590252.2, "trend": 8.02388, "fair_value": 9.469415, "relative_strength": -0.410056, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.77447, "energy": 25.160763, "activity_lines": [ 7.958, 7.868545, 7.904867, 7.941518 ] }, { "date": "2024-08-30", "close": 7.61, "volume": 32887640, "typical_volume": 35286461.45, "trend": 7.959265, "fair_value": 9.453148, "relative_strength": 0.66169, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.925467, "energy": 17.5882, "activity_lines": [ 7.832, 7.830182, 7.872204, 7.914817 ] }, { "date": "2024-09-06", "close": 7.56, "volume": 42536802, "typical_volume": 36584050.75, "trend": 7.943626, "fair_value": 9.436954, "relative_strength": 2.6871, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.969746, "energy": 32.900329, "activity_lines": [ 7.67, 7.787273, 7.835905, 7.889057 ] }, { "date": "2024-09-13", "close": 7.81, "volume": 31225552, "typical_volume": 37449437.65, "trend": 7.941129, "fair_value": 9.421913, "relative_strength": 8.056914, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.45028, "energy": 32.993525, "activity_lines": [ 7.634667, 7.793091, 7.824229, 7.880436 ] }, { "date": "2024-09-20", "close": 8.05, "volume": 37472979, "typical_volume": 38296005.45, "trend": 7.936695, "fair_value": 9.40931, "relative_strength": 9.985422, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.320108, "energy": 15.343039, "activity_lines": [ 7.784667, 7.840364, 7.836272, 7.88746 ] }, { "date": "2024-09-27", "close": 9.14, "volume": 77268418, "typical_volume": 40007827.7, "trend": 7.970197, "fair_value": 9.400941, "relative_strength": 5.951488, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.702947, "energy": 32.091768, "activity_lines": [ 8.270667, 8.077818, 7.952299, 7.965093 ] }, { "date": "2024-10-04", "close": 9.82, "volume": 32211311, "typical_volume": 38478820.1, "trend": 8.036623, "fair_value": 9.393504, "relative_strength": 2.868098, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.827736, "energy": 71.021698, "activity_lines": [ 8.866, 8.406727, 8.128989, 8.084435 ] }, { "date": "2024-10-11", "close": 8.7, "volume": 80387844, "typical_volume": 39475220.45, "trend": 8.057702, "fair_value": 9.377652, "relative_strength": -4.484926, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.847227, "energy": 60.059964, "activity_lines": [ 8.940667, 8.486545, 8.195705, 8.127234 ] }, { "date": "2024-10-18", "close": 9.23, "volume": 96876263, "typical_volume": 42728106.15, "trend": 8.101897, "fair_value": 9.367951, "relative_strength": -1.557428, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.286307, "energy": 66.65801, "activity_lines": [ 9.116, 8.653818, 8.311167, 8.202866 ] }, { "date": "2024-10-25", "close": 10.07, "volume": 95704406, "typical_volume": 46478505.65, "trend": 8.17345, "fair_value": 9.362566, "relative_strength": 4.703825, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.278203, "energy": 70.783769, "activity_lines": [ 9.476667, 8.976727, 8.500133, 8.32984 ] }, { "date": "2024-11-01", "close": 9.63, "volume": 101250308, "typical_volume": 50881483.75, "trend": 8.222645, "fair_value": 9.356271, "relative_strength": 1.707266, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.957485, "energy": 48.939247, "activity_lines": [ 9.556, 9.175455, 8.636286, 8.423811 ] }, { "date": "2024-11-08", "close": 10.0, "volume": 74240278, "typical_volume": 53707151.05, "trend": 8.294429, "fair_value": 9.350943, "relative_strength": -1.118682, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.429789, "energy": 62.247199, "activity_lines": [ 9.726, 9.400545, 8.799, 8.538479 ] }, { "date": "2024-11-15", "close": 9.35, "volume": 111954604, "typical_volume": 58779690.45, "trend": 8.348393, "fair_value": 9.344258, "relative_strength": -3.918697, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.487878, "energy": 49.994686, "activity_lines": [ 9.667333, 9.464, 8.889619, 8.606581 ] }, { "date": "2024-11-22", "close": 9.25, "volume": 46873510, "typical_volume": 60471328.0, "trend": 8.39037, "fair_value": 9.33738, "relative_strength": -2.070419, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.527529, "energy": 36.096799, "activity_lines": [ 9.532, 9.476727, 8.963048, 8.664749 ] }, { "date": "2024-11-29", "close": 9.66, "volume": 61980208, "typical_volume": 63103807.15, "trend": 8.442808, "fair_value": 9.337344, "relative_strength": 0.708595, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.353383, "energy": 30.264366, "activity_lines": [ 9.532, 9.537818, 9.068095, 8.74666 ] }, { "date": "2024-12-06", "close": 9.86, "volume": 61314574, "typical_volume": 65667458.15, "trend": 8.495502, "fair_value": 9.342241, "relative_strength": 1.123847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.422783, "energy": 31.633069, "activity_lines": [ 9.626, 9.606, 9.182429, 8.838092 ] }, { "date": "2024-12-13", "close": 9.74, "volume": 63486954, "typical_volume": 68474921.4, "trend": 8.51599, "fair_value": 9.343336, "relative_strength": 0.648125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.619261, "energy": 30.366247, "activity_lines": [ 9.664667, 9.639273, 9.273476, 8.918382 ] }, { "date": "2024-12-20", "close": 9.34, "volume": 31737751, "typical_volume": 68329796.95, "trend": 8.549428, "fair_value": 9.34226, "relative_strength": -2.700894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.364179, "energy": 24.65021, "activity_lines": [ 9.587333, 9.601273, 9.314905, 8.971544 ] }, { "date": "2024-12-27", "close": 9.03, "volume": 24575747, "typical_volume": 63577357.85, "trend": 8.588238, "fair_value": 9.339926, "relative_strength": -5.887753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.965955, "energy": 19.532833, "activity_lines": [ 9.407333, 9.495273, 9.321429, 9.002549 ] }, { "date": "2025-01-03", "close": 8.27, "volume": 17029620, "typical_volume": 58381199.65, "trend": 8.6046, "fair_value": 9.332384, "relative_strength": -7.048134, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.207064, "energy": 8.84807, "activity_lines": [ 8.988667, 9.254727, 9.257286, 8.982017 ] }, { "date": "2025-01-10", "close": 8.16, "volume": 15816578, "typical_volume": 56841567.35, "trend": 8.616333, "fair_value": 9.322677, "relative_strength": -7.133392, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.576156, "energy": 19.876606, "activity_lines": [ 8.626, 9.026909, 9.179667, 8.953333 ] }, { "date": "2025-01-17", "close": 8.39, "volume": 17139639, "typical_volume": 56054167.3, "trend": 8.634, "fair_value": 9.312758, "relative_strength": -7.719767, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.712479, "energy": 36.534521, "activity_lines": [ 8.453333, 8.867636, 9.120238, 8.938731 ] }, { "date": "2025-01-24", "close": 8.1, "volume": 26682491, "typical_volume": 55261451.75, "trend": 8.646, "fair_value": 9.298565, "relative_strength": -11.614767, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.564348, "energy": 49.600442, "activity_lines": [ 8.274, 8.684909, 9.029476, 8.90428 ] }, { "date": "2025-01-31", "close": 8.1, "volume": 3633200, "typical_volume": 53881834.15, "trend": 8.659667, "fair_value": 9.28499, "relative_strength": -9.856625, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.129664, "energy": 52.811582, "activity_lines": [ 8.177333, 8.524909, 8.936143, 8.869054 ] }, { "date": "2025-02-07", "close": 8.27, "volume": 13041798, "typical_volume": 52660275.1, "trend": 8.681667, "fair_value": 9.271437, "relative_strength": -11.204623, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.950502, "energy": 42.414713, "activity_lines": [ 8.199333, 8.416727, 8.857619, 8.843914 ] }, { "date": "2025-02-14", "close": 8.55, "volume": 23287567, "typical_volume": 49961232.55, "trend": 8.721, "fair_value": 9.262769, "relative_strength": -9.484857, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.717389, "energy": 34.497006, "activity_lines": [ 8.314667, 8.384727, 8.804714, 8.835419 ] }, { "date": "2025-02-21", "close": 8.26, "volume": 19534531, "typical_volume": 49327393.55, "trend": 8.752333, "fair_value": 9.251062, "relative_strength": -14.196444, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.353624, "energy": 27.624077, "activity_lines": [ 8.307333, 8.323818, 8.727, 8.805677 ] }, { "date": "2025-02-28", "close": 8.31, "volume": 25766548, "typical_volume": 46596328.75, "trend": 8.755667, "fair_value": 9.242934, "relative_strength": -10.429111, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.827844, "energy": 20.767251, "activity_lines": [ 8.325333, 8.298909, 8.661476, 8.77714 ] }, { "date": "2025-03-07", "close": 8.19, "volume": 22177776, "typical_volume": 42861404.4, "trend": 8.715667, "fair_value": 9.232183, "relative_strength": -13.462651, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.808409, "energy": 23.768949, "activity_lines": [ 8.289333, 8.270909, 8.586381, 8.740645 ] }, { "date": "2025-03-14", "close": 8.48, "volume": 28191114, "typical_volume": 39485739.8, "trend": 8.743667, "fair_value": 9.223178, "relative_strength": -11.366244, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -42.21481, "energy": 28.901538, "activity_lines": [ 8.344, 8.310909, 8.543857, 8.725441 ] }, { "date": "2025-03-21", "close": 8.52, "volume": 20445022, "typical_volume": 35445475.5, "trend": 8.781667, "fair_value": 9.216396, "relative_strength": -8.466717, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.296259, "energy": 23.707942, "activity_lines": [ 8.398, 8.354364, 8.512714, 8.711011 ] }, { "date": "2025-03-28", "close": 8.39, "volume": 31883014, "typical_volume": 33327612.3, "trend": 8.807667, "fair_value": 9.208556, "relative_strength": -9.077532, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.587553, "energy": 21.384088, "activity_lines": [ 8.410667, 8.367636, 8.474476, 8.685742 ] }, { "date": "2025-04-04", "close": 8.53, "volume": 18639353, "typical_volume": 28661849.75, "trend": 8.84, "fair_value": 9.204871, "relative_strength": -5.340097, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.722685, "energy": 18.893668, "activity_lines": [ 8.461333, 8.406364, 8.457238, 8.667828 ] }, { "date": "2025-04-11", "close": 7.89, "volume": 30007517, "typical_volume": 27818550.1, "trend": 8.842667, "fair_value": 9.19686, "relative_strength": -7.614135, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.837934, "energy": 33.55659, "activity_lines": [ 8.284, 8.320909, 8.382952, 8.606538 ] }, { "date": "2025-04-18", "close": 8.19, "volume": 16739378, "typical_volume": 25556508.6, "trend": 8.847333, "fair_value": 9.18476, "relative_strength": -3.592661, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.330175, "energy": 32.622472, "activity_lines": [ 8.226667, 8.293818, 8.343714, 8.56443 ] }, { "date": "2025-04-25", "close": 8.38, "volume": 21487210, "typical_volume": 23565140.4, "trend": 8.822, "fair_value": 9.158375, "relative_strength": -2.704459, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.474024, "energy": 30.804772, "activity_lines": [ 8.252, 8.302727, 8.329571, 8.53428 ] }, { "date": "2025-05-02", "close": 8.28, "volume": 13842034, "typical_volume": 21082894.4, "trend": 8.770667, "fair_value": 9.134775, "relative_strength": -3.682883, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.193828, "energy": 31.207493, "activity_lines": [ 8.253333, 8.296545, 8.312952, 8.499312 ] }, { "date": "2025-05-09", "close": 8.39, "volume": 13267800, "typical_volume": 20159396.85, "trend": 8.760333, "fair_value": 9.117386, "relative_strength": -4.543978, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.687443, "energy": 21.90228, "activity_lines": [ 8.298667, 8.31, 8.313762, 8.474753 ] }, { "date": "2025-05-16", "close": 8.41, "volume": 16896358, "typical_volume": 19775427.4, "trend": 8.733, "fair_value": 9.106809, "relative_strength": -4.572067, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.155078, "energy": 10.792262, "activity_lines": [ 8.36, 8.325636, 8.321, 8.452151 ] }, { "date": "2025-05-23", "close": 8.28, "volume": 30094233, "typical_volume": 20428658.05, "trend": 8.673333, "fair_value": 9.092646, "relative_strength": -5.468062, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.212458, "energy": 14.017673, "activity_lines": [ 8.343333, 8.313636, 8.31881, 8.422925 ] }, { "date": "2025-05-30", "close": 8.61, "volume": 18358728, "typical_volume": 20555765.55, "trend": 8.639333, "fair_value": 9.084475, "relative_strength": -0.840669, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.976938, "energy": 7.186766, "activity_lines": [ 8.430667, 8.365273, 8.348, 8.418839 ] }, { "date": "2025-06-06", "close": 8.61, "volume": 12322350, "typical_volume": 20314901.1, "trend": 8.593, "fair_value": 9.07108, "relative_strength": -2.244613, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.174403, "energy": 9.694031, "activity_lines": [ 8.502667, 8.415273, 8.375048, 8.416946 ] }, { "date": "2025-06-13", "close": 8.45, "volume": 23546273, "typical_volume": 20158090.2, "trend": 8.563, "fair_value": 9.054075, "relative_strength": -3.457921, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.82757, "energy": 10.758372, "activity_lines": [ 8.499333, 8.432182, 8.38581, 8.40772 ] }, { "date": "2025-06-20", "close": 8.21, "volume": 15868901, "typical_volume": 20769875.25, "trend": 8.528333, "fair_value": 9.03525, "relative_strength": -5.004047, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.578456, "energy": 11.834895, "activity_lines": [ 8.412, 8.406909, 8.372048, 8.384946 ] }, { "date": "2025-06-27", "close": 8.44, "volume": 16963359, "typical_volume": 20965953.3, "trend": 8.487667, "fair_value": 9.018181, "relative_strength": -5.728364, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.862713, "energy": 6.039931, "activity_lines": [ 8.414667, 8.417636, 8.379667, 8.379247 ] }, { "date": "2025-07-04", "close": 8.36, "volume": 15559968, "typical_volume": 20579573.35, "trend": 8.437667, "fair_value": 9.004475, "relative_strength": -7.59595, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.829343, "energy": 9.812987, "activity_lines": [ 8.38, 8.409273, 8.378857, 8.371011 ] }, { "date": "2025-07-11", "close": 8.91, "volume": 46706536, "typical_volume": 21938173.6, "trend": 8.41, "fair_value": 8.992048, "relative_strength": -3.18439, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.75125, "energy": 22.369695, "activity_lines": [ 8.545333, 8.501273, 8.431333, 8.401484 ] }, { "date": "2025-07-18", "close": 8.69, "volume": 23797987, "typical_volume": 21839745.55, "trend": 8.388333, "fair_value": 8.975795, "relative_strength": -7.393451, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.587715, "energy": 44.832127, "activity_lines": [ 8.617333, 8.541818, 8.459762, 8.419548 ] }, { "date": "2025-07-25", "close": 8.8, "volume": 24705403, "typical_volume": 21966126.9, "trend": 8.380667, "fair_value": 8.957888, "relative_strength": -8.226252, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.492648, "energy": 55.132876, "activity_lines": [ 8.71, 8.596909, 8.496857, 8.446108 ] }, { "date": "2025-08-01", "close": 8.48, "volume": 26330450, "typical_volume": 21873093.7, "trend": 8.387667, "fair_value": 8.940008, "relative_strength": -9.760156, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.731815, "energy": 48.820193, "activity_lines": [ 8.656667, 8.586727, 8.500571, 8.452516 ] }, { "date": "2025-08-08", "close": 8.69, "volume": 29289201, "typical_volume": 22315302.65, "trend": 8.405333, "fair_value": 8.934091, "relative_strength": -7.967419, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.480881, "energy": 34.669468, "activity_lines": [ 8.670667, 8.611091, 8.524286, 8.472022 ] }, { "date": "2025-08-15", "close": 10.05, "volume": 260167542, "typical_volume": 33729529.05, "trend": 8.460667, "fair_value": 8.936358, "relative_strength": 1.925119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.920515, "energy": 66.893503, "activity_lines": [ 9.116, 8.881273, 8.676714, 8.578129 ] }, { "date": "2025-08-22", "close": 9.41, "volume": 146211825, "typical_volume": 40108152.65, "trend": 8.504333, "fair_value": 8.933336, "relative_strength": -8.46707, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.491111, "energy": 59.744967, "activity_lines": [ 9.272, 9.008909, 8.760286, 8.639376 ] }, { "date": "2025-08-29", "close": 9.04, "volume": 82045234, "typical_volume": 42710038.5, "trend": 8.535667, "fair_value": 8.93067, "relative_strength": -15.353209, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.689185, "energy": 58.765248, "activity_lines": [ 9.256667, 9.051818, 8.804429, 8.673935 ] }, { "date": "2025-09-05", "close": 9.03, "volume": 41518488, "typical_volume": 43948994.0, "trend": 8.561, "fair_value": 8.927347, "relative_strength": -14.32131, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.395507, "energy": 54.126639, "activity_lines": [ 9.222, 9.077818, 8.842143, 8.705828 ] }, { "date": "2025-09-12", "close": 9.23, "volume": 45346869, "typical_volume": 45141976.95, "trend": 8.583667, "fair_value": 8.924773, "relative_strength": -14.163215, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.44463, "energy": 33.97589, "activity_lines": [ 9.217333, 9.129455, 8.894905, 8.748989 ] }, { "date": "2025-09-19", "close": 9.2, "volume": 59299083, "typical_volume": 47414829.4, "trend": 8.615, "fair_value": 8.92337, "relative_strength": -14.825772, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.168452, "energy": 27.77427, "activity_lines": [ 9.166667, 9.159818, 8.940762, 8.788753 ] }, { "date": "2025-09-26", "close": 9.1, "volume": 63992097, "typical_volume": 49951044.25, "trend": 8.641333, "fair_value": 8.921564, "relative_strength": -16.10222, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.109203, "energy": 21.764805, "activity_lines": [ 9.139333, 9.166727, 8.972714, 8.820043 ] }, { "date": "2025-10-03", "close": 9.3, "volume": 22358127, "typical_volume": 50224132.7, "trend": 8.678333, "fair_value": 8.918133, "relative_strength": -15.78764, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.883898, "energy": 23.997165, "activity_lines": [ 9.199333, 9.202545, 9.020333, 8.862538 ] }, { "date": "2025-10-10", "close": 9.52, "volume": 35879632, "typical_volume": 50513402.65, "trend": 8.713, "fair_value": 8.919197, "relative_strength": -12.377629, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.244617, "energy": 31.737845, "activity_lines": [ 9.315333, 9.269273, 9.084667, 8.916839 ] }, { "date": "2025-10-17", "close": 9.76, "volume": 136418714, "typical_volume": 56416401.95, "trend": 8.754333, "fair_value": 8.9234, "relative_strength": -5.17696, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.173974, "energy": 39.86309, "activity_lines": [ 9.478667, 9.360727, 9.165952, 8.984387 ] }, { "date": "2025-10-24", "close": 10.35, "volume": 114438231, "typical_volume": 61522196.0, "trend": 8.819667, "fair_value": 8.935241, "relative_strength": -3.599519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.790209, "energy": 57.367467, "activity_lines": [ 9.803333, 9.54, 9.297952, 9.087333 ] }, { "date": "2025-10-31", "close": 11.16, "volume": 164449193, "typical_volume": 68567342.0, "trend": 8.907333, "fair_value": 8.951918, "relative_strength": 3.467034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.877929, "energy": 72.930867, "activity_lines": [ 10.321333, 9.861091, 9.49881, 9.238323 ] }, { "date": "2025-11-07", "close": 10.17, "volume": 77474585, "typical_volume": 71647626.2, "trend": 8.983333, "fair_value": 8.962842, "relative_strength": -5.584357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.958903, "energy": 63.117375, "activity_lines": [ 10.372, 9.970364, 9.592476, 9.319785 ] }, { "date": "2025-11-14", "close": 10.4, "volume": 58348955, "typical_volume": 73716906.0, "trend": 9.057, "fair_value": 8.976605, "relative_strength": -1.880712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.392525, "energy": 67.440373, "activity_lines": [ 10.441333, 10.100909, 9.698714, 9.411183 ] }, { "date": "2025-11-21", "close": 9.5, "volume": 53294000, "typical_volume": 75603607.6, "trend": 9.094333, "fair_value": 8.980743, "relative_strength": -5.233578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.720946, "energy": 41.080642, "activity_lines": [ 10.152, 10.042909, 9.709905, 9.439763 ] }, { "date": "2025-11-28", "close": 9.92, "volume": 49103205, "typical_volume": 75723441.05, "trend": 9.149, "fair_value": 8.983007, "relative_strength": -4.105654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.360047, "energy": 23.405336, "activity_lines": [ 10.02, 10.056364, 9.755667, 9.493032 ] }, { "date": "2025-12-05", "close": 9.43, "volume": 29918535, "typical_volume": 76029468.45, "trend": 9.183667, "fair_value": 8.981774, "relative_strength": -9.547742, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.229331, "energy": 17.001758, "activity_lines": [ 9.753333, 9.967636, 9.749952, 9.511161 ] }, { "date": "2025-12-12", "close": 8.96, "volume": 34227186, "typical_volume": 76505557.6, "trend": 9.202, "fair_value": 8.976223, "relative_strength": -14.288127, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.322701, "energy": 16.034816, "activity_lines": [ 9.445333, 9.787455, 9.695952, 9.496731 ] }, { "date": "2025-12-19", "close": 9.17, "volume": 25427324, "typical_volume": 76460401.3, "trend": 9.231667, "fair_value": 8.967333, "relative_strength": -11.101694, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.518326, "energy": 15.332811, "activity_lines": [ 9.288, 9.651636, 9.66119, 9.494667 ] }, { "date": "2025-12-26", "close": 9.04, "volume": 20404985, "typical_volume": 76016190.5, "trend": 9.246, "fair_value": 8.948595, "relative_strength": -14.96874, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.895738, "energy": 24.716295, "activity_lines": [ 9.169333, 9.498545, 9.610762, 9.482301 ] }, { "date": "2026-01-02", "close": 9.01, "volume": 14060522, "typical_volume": 63710839.5, "trend": 9.259333, "fair_value": 8.935713, "relative_strength": -14.399838, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.111672, "energy": 28.91861, "activity_lines": [ 9.071333, 9.353091, 9.55581, 9.467075 ] }, { "date": "2026-01-09", "close": 9.1, "volume": 27898845, "typical_volume": 57795190.5, "trend": 9.281, "fair_value": 8.92418, "relative_strength": -16.801072, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.92664, "energy": 30.786154, "activity_lines": [ 9.064, 9.248364, 9.514381, 9.456796 ] }, { "date": "2026-01-16", "close": 8.6, "volume": 40866036, "typical_volume": 55736230.6, "trend": 9.294, "fair_value": 8.910569, "relative_strength": -21.824735, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.585146, "energy": 40.545252, "activity_lines": [ 8.912, 9.090182, 9.42681, 9.41286 ] }, { "date": "2026-01-23", "close": 9.08, "volume": 35124418, "typical_volume": 55416527.1, "trend": 9.315333, "fair_value": 8.900983, "relative_strength": -18.044369, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.937804, "energy": 34.705219, "activity_lines": [ 8.944, 9.047818, 9.387048, 9.399054 ] }, { "date": "2026-01-30", "close": 8.9, "volume": 43440734, "typical_volume": 55321220.35, "trend": 9.333333, "fair_value": 8.89404, "relative_strength": -17.995553, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.717383, "energy": 37.697876, "activity_lines": [ 8.922, 8.996727, 9.329905, 9.372258 ] }, { "date": "2026-02-06", "close": 9.06, "volume": 35465269, "typical_volume": 54129529.65, "trend": 9.338333, "fair_value": 8.885156, "relative_strength": -14.444546, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -27.736057, "energy": 34.084766, "activity_lines": [ 8.962667, 8.985636, 9.289571, 9.354624 ] }, { "date": "2026-02-13", "close": 9.04, "volume": 30761813, "typical_volume": 52468015.45, "trend": 9.35, "fair_value": 8.876263, "relative_strength": -15.475377, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.09372, "energy": 25.186378, "activity_lines": [ 8.993333, 8.986545, 9.248, 9.335376 ] }, { "date": "2026-02-27", "close": 8.89, "volume": 25083418, "typical_volume": 52604280.0, "trend": 9.353, "fair_value": 8.864333, "relative_strength": -18.858156, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.181368, "energy": 30.695701, "activity_lines": [ 8.978, 8.967273, 9.192429, 9.305699 ] }, { "date": "2026-03-06", "close": 8.56, "volume": 27909067, "typical_volume": 52205751.75, "trend": 9.355667, "fair_value": 8.853549, "relative_strength": -19.726647, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.472904, "energy": 46.753383, "activity_lines": [ 8.833333, 8.889273, 9.107381, 9.254538 ] }, { "date": "2026-03-13", "close": 8.59, "volume": 19067847, "typical_volume": 46338208.4, "trend": 9.352333, "fair_value": 8.840644, "relative_strength": -19.739933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.669142, "energy": 59.214032, "activity_lines": [ 8.733333, 8.827818, 9.029762, 9.20514 ] }, { "date": "2026-03-20", "close": 8.72, "volume": 43137472, "typical_volume": 42773170.45, "trend": 9.308, "fair_value": 8.827505, "relative_strength": -15.779047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.413427, "energy": 57.487955, "activity_lines": [ 8.697333, 8.798182, 8.970095, 9.164344 ] }, { "date": "2026-03-27", "close": 8.6, "volume": 31187535, "typical_volume": 36110087.55, "trend": 9.281, "fair_value": 8.817749, "relative_strength": -15.92635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.764825, "energy": 56.148934, "activity_lines": [ 8.644, 8.752, 8.906762, 9.118667 ] }, { "date": "2026-04-03", "close": 8.14, "volume": 33050750, "typical_volume": 33888895.8, "trend": 9.251, "fair_value": 8.804629, "relative_strength": -17.608445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.623355, "energy": 61.601133, "activity_lines": [ 8.466667, 8.631273, 8.81181, 9.045054 ] }, { "date": "2026-04-10", "close": 8.39, "volume": 18591711, "typical_volume": 31901033.6, "trend": 9.229667, "fair_value": 8.793704, "relative_strength": -20.264621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.299444, "energy": 45.225931, "activity_lines": [ 8.422667, 8.564364, 8.750333, 8.989505 ] }, { "date": "2026-04-17", "close": 8.487337, "volume": 24168924, "typical_volume": 30444779.8, "trend": 9.204911, "fair_value": 8.788148, "relative_strength": -21.986956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.518793, "energy": 42.235814, "activity_lines": [ 8.422446, 8.527698, 8.707699, 8.941613 ] }, { "date": "2026-04-24", "close": 8.417522, "volume": 20083251, "typical_volume": 28993782.1, "trend": 9.178829, "fair_value": 8.7809, "relative_strength": -22.353351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.117225, "energy": 41.506162, "activity_lines": [ 8.405797, 8.485841, 8.663237, 8.890814 ] }, { "date": "2026-05-01", "close": 8.048509, "volume": 31697073, "typical_volume": 29082709.0, "trend": 9.143779, "fair_value": 8.771819, "relative_strength": -25.966501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.408896, "energy": 45.34342, "activity_lines": [ 8.28631, 8.388572, 8.590786, 8.81789 ] }, { "date": "2026-05-08", "close": 8.028562, "volume": 19521237, "typical_volume": 28347411.55, "trend": 9.101398, "fair_value": 8.764093, "relative_strength": -27.695529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.727673, "energy": 47.702328, "activity_lines": [ 8.196939, 8.305704, 8.523014, 8.745941 ] }, { "date": "2026-05-15", "close": 7.57976, "volume": 47557752, "typical_volume": 29453932.95, "trend": 9.036723, "fair_value": 8.755329, "relative_strength": -31.092616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.592881, "energy": 65.977018, "activity_lines": [ 7.965397, 8.156898, 8.416935, 8.64777 ] }, { "date": "2026-05-22", "close": 7.539866, "volume": 23063853, "typical_volume": 29586876.35, "trend": 8.962719, "fair_value": 8.744411, "relative_strength": -30.969497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.036698, "energy": 70.702924, "activity_lines": [ 7.774573, 8.018661, 8.314628, 8.551199 ] }, { "date": "2026-05-29", "close": 7.330426, "volume": 19523472, "typical_volume": 29860023.85, "trend": 8.862066, "fair_value": 8.733456, "relative_strength": -32.145759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.860215, "energy": 75.554049, "activity_lines": [ 7.5771, 7.861438, 8.199519, 8.44589 ] }, { "date": "2026-06-05", "close": 7.559813, "volume": 6361794, "typical_volume": 28783171.3, "trend": 8.74206, "fair_value": 8.724742, "relative_strength": -28.107136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.765101, "energy": 70.588456, "activity_lines": [ 7.528563, 7.771186, 8.114253, 8.361873 ] }, { "date": "2026-06-12", "close": 7.49, "volume": 6759651, "typical_volume": 27077852.05, "trend": 8.652726, "fair_value": 8.716707, "relative_strength": -26.387718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.179965, "energy": 58.134276, "activity_lines": [ 7.489335, 7.687153, 8.029673, 8.281095 ] }, { "date": "2026-06-19", "close": 7.33, "volume": 27557009, "typical_volume": 26699481.6, "trend": 8.550393, "fair_value": 8.70652, "relative_strength": -32.030707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.065318, "energy": 52.344301, "activity_lines": [ 7.432677, 7.585848, 7.935141, 8.195758 ] }, { "date": "2026-06-26", "close": 6.63, "volume": 3661360, "typical_volume": 24710512.9, "trend": 8.454726, "fair_value": 8.691905, "relative_strength": -36.830494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.712119, "energy": 67.385914, "activity_lines": [ 7.159337, 7.376543, 7.782275, 8.071862 ] }, { "date": "2026-07-03", "close": 6.63, "volume": 3385321, "typical_volume": 23106515.5, "trend": 8.34506, "fair_value": 8.677053, "relative_strength": -35.356855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.628678, "energy": 80.696305, "activity_lines": [ 6.946654, 7.201007, 7.640219, 7.954138 ] }, { "date": "2026-07-10", "close": 6.43, "volume": 17936370, "typical_volume": 22465243.35, "trend": 8.24506, "fair_value": 8.663647, "relative_strength": -34.304351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.619226, "energy": 88.684556, "activity_lines": [ 6.714, 7.021608, 7.490687, 7.830585 ] }, { "date": "2026-07-17", "close": 6.63, "volume": 23344522, "typical_volume": 22378298.55, "trend": 8.167393, "fair_value": 8.651048, "relative_strength": -24.863789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.584835, "energy": 82.657471, "activity_lines": [ 6.623333, 6.908, 7.372631, 7.726388 ] }, { "date": "2026-07-24", "close": 8.26, "volume": 64088884, "typical_volume": 24187289.4, "trend": 8.13706, "fair_value": 8.647357, "relative_strength": -6.301892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.824846, "energy": 29.824667, "activity_lines": [ 7.133333, 7.116185, 7.420574, 7.732363 ] }, { "date": "2026-07-31", "close": 7.94, "volume": 194286880, "typical_volume": 32948241.05, "trend": 8.100393, "fair_value": 8.641731, "relative_strength": -8.072067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.488553, "energy": 16.148232, "activity_lines": [ 7.474667, 7.253819, 7.439471, 7.719649 ] }, { "date": "2026-08-07", "close": 7.76, "volume": 56730159, "typical_volume": 33627875.4, "trend": 8.058727, "fair_value": 8.633286, "relative_strength": -14.156989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.010442, "energy": 21.768655, "activity_lines": [ 7.668667, 7.351451, 7.444319, 7.697688 ] } ], "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." } } }