{ "ticker": { "uuid": "a5dd31e5-7325-4d78-b68a-709109721247", "symbol": "301223", "name": "ZRP Printing Group Co., Ltd", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -56.65, "architecture_energy": 44.152, "architecture_maturity": 61.14, "architecture_confidence": 81.874, "architecture_tenure": "Developing", "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": 16.45, "rotation_up": 26.62, "upward_expansion": 7.1, "deceleration": 60.46, "rotation_down": 42.3, "downward_expansion": 75.77 }, "activity_lines": [ 16.004, 16.060182, 16.738541, 17.434558 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 16.32, "trend_reference": 18.251886, "distance_from_trend": -0.105846, "trend_direction": "Weakening", "fair_value": 16.81378, "distance_from_fair_value": -0.029368, "fair_value_direction": "Weakening", "relative_strength": -13.339432, "relative_strength_direction": "Weakening", "price_momentum": -0.172833, "excess_performance": -0.180233, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.105846, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.040816, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.029368, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.195566, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.133394, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01683, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.172833, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.673109, "read": "Supply-led" } ], "volume": { "latest": 6204098, "relative_activity": 1.012017, "balance": 0.673109, "dry_up": 0.956782, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.06733, "annualized_volatility": 0.21662, "from_high_reference": -0.239515, "from_low_reference": 0.069463 }, "levels": { "trend_reference": 18.251886, "fair_value_reference": 16.81378, "structural_low": 15.26, "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": 6, "median_return": 0.009294, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.022381, "regime_survival": 0.666667, "best_return": 0.214487, "worst_return": -0.012113, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.093532, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.011488, "regime_survival": 0.0, "best_return": 0.246132, "worst_return": -0.059069, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.143666, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.03606, "regime_survival": 0.0, "best_return": 0.143666, "worst_return": 0.143666, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.076986, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.001881, "regime_survival": 0.0, "best_return": 0.076986, "worst_return": 0.076986, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-09-27", "tenure": "New", "return": 0.079466, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-10-18", "tenure": "New", "return": 0.012216, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-01-03", "tenure": "Developing", "return": -0.09883, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.02642, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": 0.014438, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-07-18", "tenure": "Established", "return": 0.046199, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-09-26", "tenure": "Developing", "return": 0.009227, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": 0.066172, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.046908, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.041575, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-27", "tenure": "Developing", "return": -0.04703, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-22", "tenure": "Developing", "return": -0.061867, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": -0.008762, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.009901, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 18.701408, "volume": 16429418, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-04", "close": 18.50001, "volume": 5206061, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 18.921988, "volume": 8411127, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 19.008303, "volume": 9319885, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 17.780725, "volume": 12274918, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 18.94117, "volume": 11610054, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 18.327379, "volume": 5230691, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 17.847857, "volume": 5290000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 18.010897, "volume": 3729776, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 18.116388, "volume": 2385562, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 17.790312, "volume": 3581915, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 16.783316, "volume": 4288556, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 17.569733, "volume": 4713282, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 17.656048, "volume": 2842869, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 17.895809, "volume": 3607242, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 18.020485, "volume": 3288363, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 17.69441, "volume": 3679484, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 18.020485, "volume": 3442532, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 17.186115, "volume": 5977845, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 17.339561, "volume": 2433644, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 17.128572, "volume": 2614805, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 17.377924, "volume": 2776460, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 17.49301, "volume": 2999414, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 17.5026, "volume": 2568166, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 16.677818, "volume": 2866100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 16.351744, "volume": 5227203, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 13.560919, "volume": 4996640, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 13.743137, "volume": 5403744, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 14.846041, "volume": 5164038, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 14.961127, "volume": 5375160, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 14.874812, "volume": 6086648, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 15.268022, "volume": 4077206, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 15.344745, "volume": 3985367, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 15.095393, "volume": 2880133, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 15.584507, "volume": 2319127, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 15.210478, "volume": 3834865, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 14.337746, "volume": 5705756, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 14.462422, "volume": 4757656, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 14.874812, "volume": 1529213, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 15.152936, "volume": 3474716, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 14.989898, "volume": 8343421, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 14.539145, "volume": 3406064, "typical_volume": 4250031.85, "trend": 16.025348, "fair_value": 17.670238, "relative_strength": -9.598901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.997957, "energy": 31.321866, "activity_lines": [ 14.821745, 14.858944, 14.959665, 15.381601 ] }, { "date": "2024-05-31", "close": 14.548737, "volume": 2497589, "typical_volume": 4224940.6, "trend": 15.924649, "fair_value": 17.631701, "relative_strength": -8.91905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.871482, "energy": 32.565517, "activity_lines": [ 14.73671, 14.784313, 14.893491, 15.286336 ] }, { "date": "2024-06-07", "close": 13.83702, "volume": 3781882, "typical_volume": 4285626.4, "trend": 15.797348, "fair_value": 17.585425, "relative_strength": -12.191021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.218853, "energy": 53.34413, "activity_lines": [ 14.408681, 14.594752, 14.773554, 15.15165 ] }, { "date": "2024-06-14", "close": 14.375616, "volume": 2369521, "typical_volume": 4260797.45, "trend": 15.680008, "fair_value": 17.546752, "relative_strength": -8.64838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.84432, "energy": 52.186453, "activity_lines": [ 14.329371, 14.525996, 14.722368, 15.059926 ] }, { "date": "2024-06-21", "close": 14.551884, "volume": 5231211, "typical_volume": 4260997.85, "trend": 15.564388, "fair_value": 17.511099, "relative_strength": -5.527968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.754043, "energy": 42.040915, "activity_lines": [ 14.360638, 14.51127, 14.698932, 14.987143 ] }, { "date": "2024-06-28", "close": 14.404994, "volume": 2186519, "typical_volume": 4120491.8, "trend": 15.454741, "fair_value": 17.474557, "relative_strength": -4.238859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.610168, "energy": 35.29565, "activity_lines": [ 14.372142, 14.48181, 14.670077, 14.912344 ] }, { "date": "2024-07-05", "close": 14.297276, "volume": 1731922, "typical_volume": 3936900.7, "trend": 15.330634, "fair_value": 17.437611, "relative_strength": -3.34062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.552935, "energy": 29.36625, "activity_lines": [ 14.356684, 14.431543, 14.626944, 14.837669 ] }, { "date": "2024-07-12", "close": 14.61064, "volume": 1783737, "typical_volume": 3767885.65, "trend": 15.244785, "fair_value": 17.405118, "relative_strength": -3.014752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.374996, "energy": 19.552894, "activity_lines": [ 14.462445, 14.441253, 14.611016, 14.791218 ] }, { "date": "2024-07-19", "close": 14.375616, "volume": 2180270, "typical_volume": 3608141.15, "trend": 15.145986, "fair_value": 17.370691, "relative_strength": -5.066853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.157564, "energy": 21.239587, "activity_lines": [ 14.438289, 14.413035, 14.573826, 14.735142 ] }, { "date": "2024-07-26", "close": 14.453958, "volume": 1779500, "typical_volume": 3392783.75, "trend": 15.056833, "fair_value": 17.337919, "relative_strength": -1.186671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.980872, "energy": 19.526604, "activity_lines": [ 14.440248, 14.413195, 14.546886, 14.690495 ] }, { "date": "2024-08-02", "close": 14.483335, "volume": 2968955, "typical_volume": 3337371.2, "trend": 14.960346, "fair_value": 17.306201, "relative_strength": -0.402604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.190025, "energy": 16.689523, "activity_lines": [ 14.458527, 14.428439, 14.524747, 14.653495 ] }, { "date": "2024-08-09", "close": 14.718359, "volume": 6271102, "typical_volume": 3451657.95, "trend": 14.867858, "fair_value": 17.277764, "relative_strength": 3.060947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.780916, "energy": 12.547236, "activity_lines": [ 14.549925, 14.487431, 14.528728, 14.637883 ] }, { "date": "2024-08-16", "close": 14.630224, "volume": 3517355, "typical_volume": 3483519.05, "trend": 14.772112, "fair_value": 17.248986, "relative_strength": 2.858371, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.363463, "energy": 8.128845, "activity_lines": [ 14.583873, 14.527313, 14.527298, 14.622552 ] }, { "date": "2024-08-23", "close": 13.680338, "volume": 3382362, "typical_volume": 3536680.8, "trend": 14.672196, "fair_value": 17.210613, "relative_strength": -1.758403, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.293049, "energy": 28.712749, "activity_lines": [ 14.299886, 14.380067, 14.437618, 14.552115 ] }, { "date": "2024-08-30", "close": 13.934946, "volume": 1610239, "typical_volume": 3425449.5, "trend": 14.591636, "fair_value": 17.175766, "relative_strength": -1.761845, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.957168, "energy": 37.624555, "activity_lines": [ 14.14712, 14.291755, 14.381253, 14.50455 ] }, { "date": "2024-09-06", "close": 13.866398, "volume": 3567407, "typical_volume": 3318532.05, "trend": 14.601819, "fair_value": 17.140931, "relative_strength": 0.428955, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.322757, "energy": 50.85751, "activity_lines": [ 14.006106, 14.202197, 14.324435, 14.457761 ] }, { "date": "2024-09-13", "close": 13.925154, "volume": 1492790, "typical_volume": 3155288.75, "trend": 14.607886, "fair_value": 17.107433, "relative_strength": 2.791064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.944956, "energy": 55.733897, "activity_lines": [ 13.925807, 14.133114, 14.275456, 14.414105 ] }, { "date": "2024-09-20", "close": 13.79785, "volume": 635016, "typical_volume": 3110578.9, "trend": 14.572946, "fair_value": 17.073313, "relative_strength": 0.780425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.48532, "energy": 53.327784, "activity_lines": [ 13.855953, 14.047651, 14.216912, 14.361845 ] }, { "date": "2024-09-27", "close": 15.031724, "volume": 3402417, "typical_volume": 3106963.95, "trend": 14.575299, "fair_value": 17.052481, "relative_strength": -6.630188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.442749, "energy": 10.564632, "activity_lines": [ 14.252882, 14.201307, 14.281008, 14.391443 ] }, { "date": "2024-10-04", "close": 16.833572, "volume": 4736513, "typical_volume": 2926618.55, "trend": 14.640591, "fair_value": 17.05027, "relative_strength": -5.332304, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.049559, "energy": 42.389875, "activity_lines": [ 15.160334, 14.670642, 14.517286, 14.537138 ] }, { "date": "2024-10-11", "close": 16.911913, "volume": 14961576, "typical_volume": 3504394.15, "trend": 14.695388, "fair_value": 17.048886, "relative_strength": -0.331883, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.289223, "energy": 63.683524, "activity_lines": [ 15.900659, 15.110955, 14.752245, 14.683675 ] }, { "date": "2024-10-18", "close": 17.039217, "volume": 13366740, "typical_volume": 4047851.7, "trend": 14.75187, "fair_value": 17.04879, "relative_strength": -2.324734, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.843682, "energy": 79.050681, "activity_lines": [ 16.480383, 15.530259, 14.98803, 14.83489 ] }, { "date": "2024-10-25", "close": 16.745438, "volume": 6554454, "typical_volume": 4186480.3, "trend": 14.806872, "fair_value": 17.045816, "relative_strength": -6.189047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.26756, "energy": 78.554066, "activity_lines": [ 16.754578, 15.85395, 15.183976, 14.963507 ] }, { "date": "2024-11-01", "close": 16.441866, "volume": 4642762, "typical_volume": 4300142.35, "trend": 14.83545, "fair_value": 17.039953, "relative_strength": -6.199697, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.351689, "energy": 73.062369, "activity_lines": [ 16.731075, 16.083989, 15.337161, 15.068991 ] }, { "date": "2024-11-08", "close": 17.000048, "volume": 6540318, "typical_volume": 4365597.7, "trend": 14.895103, "fair_value": 17.039569, "relative_strength": -8.870609, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.498695, "energy": 61.279145, "activity_lines": [ 16.799624, 16.365305, 15.533667, 15.208642 ] }, { "date": "2024-11-15", "close": 16.716061, "volume": 7602856, "typical_volume": 4636414.55, "trend": 14.97438, "fair_value": 17.036488, "relative_strength": -6.696439, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.749766, "energy": 45.608471, "activity_lines": [ 16.762413, 16.539258, 15.691469, 15.326123 ] }, { "date": "2024-11-22", "close": 16.627926, "volume": 4900959, "typical_volume": 4794866.4, "trend": 15.046563, "fair_value": 17.032634, "relative_strength": -4.194682, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.916839, "energy": 41.175343, "activity_lines": [ 16.708879, 16.645375, 15.829872, 15.432804 ] }, { "date": "2024-11-29", "close": 17.215485, "volume": 5519303, "typical_volume": 4981644.7, "trend": 15.124586, "fair_value": 17.034343, "relative_strength": -2.227392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.944563, "energy": 44.131644, "activity_lines": [ 16.878618, 16.809179, 16.013134, 15.572734 ] }, { "date": "2024-12-06", "close": 17.871593, "volume": 9553150, "typical_volume": 5350288.7, "trend": 15.215208, "fair_value": 17.042095, "relative_strength": 0.038711, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.226321, "energy": 48.771, "activity_lines": [ 17.235724, 17.030137, 16.246479, 15.74996 ] }, { "date": "2024-12-13", "close": 17.352583, "volume": 10827842, "typical_volume": 5802705.8, "trend": 15.293964, "fair_value": 17.044943, "relative_strength": -1.952878, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.632166, "energy": 44.589292, "activity_lines": [ 17.32451, 17.105096, 16.413747, 15.887856 ] }, { "date": "2024-12-20", "close": 16.921707, "volume": 4891453, "typical_volume": 5898830.7, "trend": 15.373383, "fair_value": 17.043823, "relative_strength": -3.50074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.929708, "energy": 40.257389, "activity_lines": [ 17.246169, 17.092276, 16.526176, 15.992871 ] }, { "date": "2024-12-27", "close": 16.226427, "volume": 4145358, "typical_volume": 5792543.5, "trend": 15.429306, "fair_value": 17.036459, "relative_strength": -7.218431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.596674, "energy": 28.595087, "activity_lines": [ 16.922359, 16.952864, 16.560777, 16.047906 ] }, { "date": "2025-01-03", "close": 15.09048, "volume": 2638940, "typical_volume": 5748622.75, "trend": 15.471088, "fair_value": 17.019084, "relative_strength": -6.735106, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.576641, "energy": 14.594128, "activity_lines": [ 16.246666, 16.621695, 16.480011, 16.026047 ] }, { "date": "2025-01-10", "close": 14.826078, "volume": 2464340, "typical_volume": 5702721.65, "trend": 15.486103, "fair_value": 16.999677, "relative_strength": -6.979243, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.090344, "energy": 27.80857, "activity_lines": [ 15.624506, 16.272542, 16.371872, 15.984433 ] }, { "date": "2025-01-17", "close": 15.217784, "volume": 2924476, "typical_volume": 5768433.5, "trend": 15.5083, "fair_value": 16.984047, "relative_strength": -7.464932, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.137226, "energy": 45.065261, "activity_lines": [ 15.335949, 16.023987, 16.295582, 15.967122 ] }, { "date": "2025-01-24", "close": 15.599698, "volume": 3813884, "typical_volume": 5780757.35, "trend": 15.548123, "fair_value": 16.972009, "relative_strength": -5.926235, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.766599, "energy": 50.833667, "activity_lines": [ 15.317016, 15.877275, 16.249557, 15.973019 ] }, { "date": "2025-01-31", "close": 15.668246, "volume": 749428, "typical_volume": 5743589.25, "trend": 15.593822, "fair_value": 16.960769, "relative_strength": -3.870357, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.973633, "energy": 47.105427, "activity_lines": [ 15.409067, 15.763324, 16.201806, 15.980769 ] }, { "date": "2025-02-07", "close": 16.050159, "volume": 2983155, "typical_volume": 5860996.2, "trend": 15.641806, "fair_value": 16.952986, "relative_strength": -5.24893, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 3.452617, "energy": 12.648762, "activity_lines": [ 15.665635, 15.736261, 16.182127, 16.01021 ] }, { "date": "2025-02-14", "close": 15.824928, "volume": 2947598, "typical_volume": 5838255.25, "trend": 15.690116, "fair_value": 16.943427, "relative_strength": -7.991164, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.625751, "energy": 5.072262, "activity_lines": [ 15.783146, 15.689434, 16.130273, 16.022024 ] }, { "date": "2025-02-21", "close": 16.38311, "volume": 4932785, "typical_volume": 5848068.85, "trend": 15.754422, "fair_value": 16.938718, "relative_strength": -6.678059, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.598036, "energy": 20.216088, "activity_lines": [ 16.020129, 15.781307, 16.127801, 16.066733 ] }, { "date": "2025-02-28", "close": 16.148087, "volume": 5007625, "typical_volume": 5350371.3, "trend": 15.809913, "fair_value": 16.932129, "relative_strength": -4.648234, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.72821, "energy": 21.39672, "activity_lines": [ 16.101082, 15.848075, 16.105092, 16.092131 ] }, { "date": "2025-03-07", "close": 16.138292, "volume": 4295299, "typical_volume": 4896799.25, "trend": 15.857244, "fair_value": 16.925569, "relative_strength": -6.637363, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.440891, "energy": 17.84553, "activity_lines": [ 16.14221, 15.927128, 16.085087, 16.113317 ] }, { "date": "2025-03-14", "close": 16.471243, "volume": 4443705, "typical_volume": 4791261.8, "trend": 15.918612, "fair_value": 16.921845, "relative_strength": -5.779228, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.5689, "energy": 25.456691, "activity_lines": [ 16.262986, 16.06832, 16.101081, 16.15293 ] }, { "date": "2025-03-21", "close": 16.392902, "volume": 3640781, "typical_volume": 4741162.75, "trend": 16.009031, "fair_value": 16.917544, "relative_strength": -3.594433, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.540965, "energy": 27.688001, "activity_lines": [ 16.329576, 16.170164, 16.110921, 16.183529 ] }, { "date": "2025-03-28", "close": 16.334146, "volume": 3696699, "typical_volume": 4598981.8, "trend": 16.089004, "fair_value": 16.91284, "relative_strength": -3.1364, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.590163, "energy": 29.274334, "activity_lines": [ 16.338716, 16.232837, 16.115397, 16.204504 ] }, { "date": "2025-04-04", "close": 16.627926, "volume": 3891090, "typical_volume": 4413393.5, "trend": 16.181055, "fair_value": 16.91056, "relative_strength": 0.938999, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.355975, "energy": 36.732585, "activity_lines": [ 16.449047, 16.328627, 16.151024, 16.239274 ] }, { "date": "2025-04-11", "close": 15.266747, "volume": 6355908, "typical_volume": 4486140.95, "trend": 16.225775, "fair_value": 16.897514, "relative_strength": -2.203829, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.658648, "energy": 19.123864, "activity_lines": [ 16.073662, 16.158234, 16.057434, 16.180286 ] }, { "date": "2025-04-18", "close": 15.511564, "volume": 3077974, "typical_volume": 4364074.5, "trend": 16.282898, "fair_value": 16.886601, "relative_strength": -0.148525, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.072814, "energy": 30.723493, "activity_lines": [ 15.837985, 16.039654, 15.993642, 16.134208 ] }, { "date": "2025-04-25", "close": 16.079538, "volume": 3995770, "typical_volume": 4086205.5, "trend": 16.317825, "fair_value": 16.880296, "relative_strength": 1.979208, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.258266, "energy": 24.518253, "activity_lines": [ 15.855612, 16.034135, 15.992056, 16.121088 ] }, { "date": "2025-05-02", "close": 16.324354, "volume": 2073313, "typical_volume": 3648479.05, "trend": 16.300852, "fair_value": 16.875986, "relative_strength": 3.590106, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.229464, "energy": 20.640126, "activity_lines": [ 15.975736, 16.068498, 16.02232, 16.121509 ] }, { "date": "2025-05-09", "close": 16.38311, "volume": 4338456, "typical_volume": 3620829.2, "trend": 16.283225, "fair_value": 16.872195, "relative_strength": 1.558041, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.567854, "energy": 4.013586, "activity_lines": [ 16.116097, 16.114613, 16.063076, 16.126816 ] }, { "date": "2025-05-16", "close": 15.482186, "volume": 14214724, "typical_volume": 4124297.5, "trend": 16.231324, "fair_value": 16.861584, "relative_strength": -4.497793, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.608265, "energy": 20.107378, "activity_lines": [ 15.972471, 15.99265, 16.020595, 16.075136 ] }, { "date": "2025-05-23", "close": 15.658453, "volume": 7017066, "typical_volume": 4343203.8, "trend": 16.195091, "fair_value": 16.85247, "relative_strength": -2.963805, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.114052, "energy": 20.627816, "activity_lines": [ 15.873239, 15.914665, 15.998445, 16.038177 ] }, { "date": "2025-05-30", "close": 15.775966, "volume": 5050506, "typical_volume": 4472512.1, "trend": 16.172894, "fair_value": 16.844376, "relative_strength": -1.362865, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.440212, "energy": 26.366405, "activity_lines": [ 15.803385, 15.872824, 15.984782, 16.011136 ] }, { "date": "2025-06-06", "close": 16.32, "volume": 7494906, "typical_volume": 4701033.6, "trend": 16.150226, "fair_value": 16.840462, "relative_strength": 0.474599, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.365935, "energy": 17.069548, "activity_lines": [ 15.935114, 15.941115, 16.018408, 16.020627 ] }, { "date": "2025-06-13", "close": 17.389999, "volume": 13620621, "typical_volume": 5191370.45, "trend": 16.172691, "fair_value": 16.844533, "relative_strength": 7.500595, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.122858, "energy": 30.721378, "activity_lines": [ 16.423799, 16.204208, 16.148691, 16.100612 ] }, { "date": "2025-06-20", "close": 16.0, "volume": 27608286, "typical_volume": 6534313.35, "trend": 16.15176, "fair_value": 16.838323, "relative_strength": 0.072768, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.41991, "energy": 14.436764, "activity_lines": [ 16.382025, 16.200719, 16.138067, 16.089471 ] }, { "date": "2025-06-27", "close": 16.42, "volume": 11006929, "typical_volume": 6935502.05, "trend": 16.125244, "fair_value": 16.83527, "relative_strength": -0.941827, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.238357, "energy": 17.831192, "activity_lines": [ 16.445731, 16.260261, 16.165864, 16.106777 ] }, { "date": "2025-07-04", "close": 16.450001, "volume": 7337668, "typical_volume": 7155005.55, "trend": 16.077857, "fair_value": 16.832478, "relative_strength": -1.897338, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.612849, "energy": 34.695286, "activity_lines": [ 16.468667, 16.308741, 16.194757, 16.127729 ] }, { "date": "2025-07-11", "close": 16.940001, "volume": 13259267, "typical_volume": 7571329.65, "trend": 16.064104, "fair_value": 16.833252, "relative_strength": -0.665061, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.652279, "energy": 32.448854, "activity_lines": [ 16.610001, 16.439577, 16.267339, 16.183351 ] }, { "date": "2025-07-18", "close": 17.139999, "volume": 7326798, "typical_volume": 7687288.3, "trend": 16.071381, "fair_value": 16.835443, "relative_strength": -1.444995, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.779646, "energy": 45.594107, "activity_lines": [ 16.776667, 16.595582, 16.356318, 16.252764 ] }, { "date": "2025-07-25", "close": 17.34, "volume": 7780438, "typical_volume": 7861545.25, "trend": 16.1085, "fair_value": 16.839021, "relative_strength": -2.413815, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.654989, "energy": 56.221725, "activity_lines": [ 17.026667, 16.774189, 16.459621, 16.33461 ] }, { "date": "2025-08-01", "close": 17.24, "volume": 6461744, "typical_volume": 7962447.2, "trend": 16.180151, "fair_value": 16.841845, "relative_strength": -1.266896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.862788, "energy": 58.907671, "activity_lines": [ 17.154, 16.900836, 16.547677, 16.40761 ] }, { "date": "2025-08-08", "close": 17.57, "volume": 6802898, "typical_volume": 8120553.05, "trend": 16.271615, "fair_value": 16.846937, "relative_strength": -0.408269, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.938723, "energy": 61.744153, "activity_lines": [ 17.336667, 17.058727, 16.663501, 16.497278 ] }, { "date": "2025-08-15", "close": 17.75, "volume": 10790709, "typical_volume": 8475253.55, "trend": 16.356022, "fair_value": 16.853208, "relative_strength": -3.498471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.170987, "energy": 67.844152, "activity_lines": [ 17.504667, 17.216727, 16.790863, 16.592658 ] }, { "date": "2025-08-22", "close": 18.35, "volume": 17482500, "typical_volume": 9154824.05, "trend": 16.447699, "fair_value": 16.863531, "relative_strength": -4.403533, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.235792, "energy": 72.615755, "activity_lines": [ 17.818667, 17.457818, 16.968626, 16.721301 ] }, { "date": "2025-08-29", "close": 17.790001, "volume": 10376594, "typical_volume": 9355858.35, "trend": 16.518424, "fair_value": 16.869876, "relative_strength": -10.899466, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.991515, "energy": 61.653752, "activity_lines": [ 17.865334, 17.579637, 17.084855, 16.807901 ] }, { "date": "2025-09-05", "close": 17.809999, "volume": 6885291, "typical_volume": 9546224.2, "trend": 16.577085, "fair_value": 16.876272, "relative_strength": -9.730143, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.190585, "energy": 56.542988, "activity_lines": [ 17.888667, 17.672545, 17.190973, 16.891229 ] }, { "date": "2025-09-12", "close": 17.959999, "volume": 6268681, "typical_volume": 9659869.75, "trend": 16.648254, "fair_value": 16.883594, "relative_strength": -10.931767, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.079162, "energy": 55.501845, "activity_lines": [ 17.924, 17.767454, 17.300432, 16.980449 ] }, { "date": "2025-09-19", "close": 17.65, "volume": 6007718, "typical_volume": 9856590.0, "trend": 16.690484, "fair_value": 16.888738, "relative_strength": -13.067757, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.9508, "energy": 44.678428, "activity_lines": [ 17.83, 17.778545, 17.371413, 17.045078 ] }, { "date": "2025-09-26", "close": 17.5, "volume": 6404113, "typical_volume": 9959872.85, "trend": 16.735548, "fair_value": 16.892813, "relative_strength": -14.437888, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.787098, "energy": 32.230396, "activity_lines": [ 17.692666, 17.749454, 17.421795, 17.097305 ] }, { "date": "2025-10-03", "close": 17.530001, "volume": 2491523, "typical_volume": 9373712.8, "trend": 16.781938, "fair_value": 16.897033, "relative_strength": -15.987228, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.069839, "energy": 25.581387, "activity_lines": [ 17.622, 17.719273, 17.469716, 17.14856 ] }, { "date": "2025-10-10", "close": 17.73, "volume": 2392050, "typical_volume": 9142462.0, "trend": 16.823896, "fair_value": 16.902513, "relative_strength": -13.559343, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.035061, "energy": 22.887742, "activity_lines": [ 17.635334, 17.722, 17.526933, 17.209725 ] }, { "date": "2025-10-17", "close": 17.48, "volume": 6239372, "typical_volume": 9201905.3, "trend": 16.860133, "fair_value": 16.906287, "relative_strength": -10.0005, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.602999, "energy": 18.449146, "activity_lines": [ 17.570667, 17.670364, 17.550476, 17.252054 ] }, { "date": "2025-10-24", "close": 18.200001, "volume": 6714829, "typical_volume": 9162901.45, "trend": 16.922328, "fair_value": 16.914688, "relative_strength": -10.292308, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.915309, "energy": 33.128779, "activity_lines": [ 17.778, 17.751273, 17.634476, 17.338498 ] }, { "date": "2025-10-31", "close": 18.690001, "volume": 14334643, "typical_volume": 9198602.55, "trend": 16.991064, "fair_value": 16.926142, "relative_strength": -8.287408, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.887144, "energy": 45.741115, "activity_lines": [ 18.112001, 17.913091, 17.756191, 17.452541 ] }, { "date": "2025-11-07", "close": 18.76, "volume": 8948317, "typical_volume": 8265604.1, "trend": 17.107506, "fair_value": 16.937897, "relative_strength": -7.977982, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.341355, "energy": 62.569442, "activity_lines": [ 18.39, 18.081455, 17.878381, 17.566666 ] }, { "date": "2025-11-14", "close": 19.129999, "volume": 7776651, "typical_volume": 8104090.2, "trend": 17.22812, "fair_value": 16.932864, "relative_strength": -4.698285, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.441478, "energy": 78.782615, "activity_lines": [ 18.709333, 18.299455, 18.022667, 17.697149 ] }, { "date": "2025-11-21", "close": 17.65, "volume": 8755429, "typical_volume": 8174978.25, "trend": 17.280469, "fair_value": 16.916217, "relative_strength": -7.099008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.494266, "energy": 54.784922, "activity_lines": [ 18.442, 18.224364, 18.013095, 17.724367 ] }, { "date": "2025-11-28", "close": 18.66, "volume": 6613499, "typical_volume": 7842689.85, "trend": 17.358324, "fair_value": 16.904283, "relative_strength": -4.933267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.2027, "energy": 43.339794, "activity_lines": [ 18.5, 18.338546, 18.094, 17.813369 ] }, { "date": "2025-12-05", "close": 18.709999, "volume": 6690609, "typical_volume": 7810880.4, "trend": 17.435887, "fair_value": 16.894917, "relative_strength": -5.584748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.054689, "energy": 39.74584, "activity_lines": [ 18.544, 18.443454, 18.171476, 17.900574 ] }, { "date": "2025-12-12", "close": 17.879999, "volume": 5595758, "typical_volume": 7701646.4, "trend": 17.515814, "fair_value": 16.882904, "relative_strength": -10.215498, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.714025, "energy": 17.620654, "activity_lines": [ 18.309999, 18.375454, 18.162428, 17.929227 ] }, { "date": "2025-12-19", "close": 18.280001, "volume": 5400345, "typical_volume": 7648576.45, "trend": 17.603199, "fair_value": 16.872483, "relative_strength": -7.146056, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.176572, "energy": 20.346794, "activity_lines": [ 18.268, 18.373818, 18.188905, 17.978529 ] }, { "date": "2025-12-26", "close": 18.530001, "volume": 5585616, "typical_volume": 7587712.35, "trend": 17.695, "fair_value": 16.865609, "relative_strength": -8.897137, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.85676, "energy": 20.56881, "activity_lines": [ 18.366, 18.407636, 18.234238, 18.038323 ] }, { "date": "2026-01-02", "close": 18.370001, "volume": 3593882, "typical_volume": 7227871.0, "trend": 17.763333, "fair_value": 16.860444, "relative_strength": -8.96213, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.256273, "energy": 15.727654, "activity_lines": [ 18.352001, 18.393273, 18.259762, 18.081871 ] }, { "date": "2026-01-09", "close": 18.83, "volume": 7728778, "typical_volume": 6740184.9, "trend": 17.811333, "fair_value": 16.865458, "relative_strength": -10.407788, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.282123, "energy": 29.862117, "activity_lines": [ 18.510667, 18.459455, 18.326143, 18.150688 ] }, { "date": "2026-01-16", "close": 19.040001, "volume": 10061037, "typical_volume": 6724407.05, "trend": 17.912667, "fair_value": 16.873276, "relative_strength": -10.238826, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 60.087538, "energy": 44.107467, "activity_lines": [ 18.731334, 18.561273, 18.410238, 18.229957 ] }, { "date": "2026-01-23", "close": 20.200001, "volume": 15353005, "typical_volume": 7147792.75, "trend": 18.038667, "fair_value": 16.885493, "relative_strength": -5.673525, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.47934, "energy": 72.049301, "activity_lines": [ 19.261334, 18.86891, 18.598857, 18.377527 ] }, { "date": "2026-01-30", "close": 19.73, "volume": 10822585, "typical_volume": 7375487.95, "trend": 18.148, "fair_value": 16.895668, "relative_strength": -6.164904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.134955, "energy": 72.834643, "activity_lines": [ 19.506667, 19.071637, 18.731334, 18.486645 ] }, { "date": "2026-02-06", "close": 20.049999, "volume": 8375707, "typical_volume": 7493887.4, "trend": 18.251667, "fair_value": 16.904796, "relative_strength": -2.495602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.579306, "energy": 76.59403, "activity_lines": [ 19.778667, 19.294728, 18.885857, 18.609355 ] }, { "date": "2026-02-13", "close": 20.299999, "volume": 8841529, "typical_volume": 7615758.2, "trend": 18.357, "fair_value": 16.912975, "relative_strength": -2.593188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.90306, "energy": 78.912141, "activity_lines": [ 20.022, 19.538, 19.052762, 18.741505 ] }, { "date": "2026-02-27", "close": 20.309999, "volume": 6858150, "typical_volume": 7834089.55, "trend": 18.456, "fair_value": 16.911678, "relative_strength": -5.089858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.950788, "energy": 77.307237, "activity_lines": [ 20.170666, 19.754182, 19.207286, 18.867505 ] }, { "date": "2026-03-06", "close": 19.92, "volume": 11403054, "typical_volume": 8284639.75, "trend": 18.545333, "fair_value": 16.91341, "relative_strength": -4.649986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.849087, "energy": 62.674415, "activity_lines": [ 20.104666, 19.855273, 19.311429, 18.961957 ] }, { "date": "2026-03-13", "close": 19.799999, "volume": 8573655, "typical_volume": 8401353.9, "trend": 18.619667, "fair_value": 16.913402, "relative_strength": -5.817078, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.939087, "energy": 46.161335, "activity_lines": [ 20.017333, 19.904727, 19.393714, 19.042903 ] }, { "date": "2026-03-20", "close": 19.790001, "volume": 22544964, "typical_volume": 9192860.65, "trend": 18.687667, "fair_value": 16.916063, "relative_strength": -2.957407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.650443, "energy": 33.221118, "activity_lines": [ 19.922, 19.929273, 19.464, 19.118409 ] }, { "date": "2026-03-27", "close": 19.25, "volume": 15514638, "typical_volume": 9251860.4, "trend": 18.717667, "fair_value": 16.916235, "relative_strength": -4.711316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.551441, "energy": 20.412142, "activity_lines": [ 19.664, 19.829818, 19.475286, 19.154688 ] }, { "date": "2026-04-03", "close": 18.76, "volume": 7842300, "typical_volume": 9196559.55, "trend": 18.75, "fair_value": 16.91521, "relative_strength": -4.133617, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.047107, "energy": 16.008615, "activity_lines": [ 19.312667, 19.633636, 19.437238, 19.157419 ] }, { "date": "2026-04-10", "close": 19.450396, "volume": 6376570, "typical_volume": 9126555.5, "trend": 18.80468, "fair_value": 16.916241, "relative_strength": -6.951005, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.512379, "energy": 17.635035, "activity_lines": [ 19.294799, 19.568072, 19.464942, 19.202606 ] }, { "date": "2026-04-17", "close": 19.499363, "volume": 6825367, "typical_volume": 9030052.4, "trend": 18.855992, "fair_value": 16.921536, "relative_strength": -10.039003, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.705389, "energy": 16.669339, "activity_lines": [ 19.32456, 19.52504, 19.495785, 19.247424 ] }, { "date": "2026-04-24", "close": 19.058643, "volume": 10203197, "typical_volume": 9209537.3, "trend": 18.902947, "fair_value": 16.921514, "relative_strength": -12.03498, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.132742, "energy": 10.15506, "activity_lines": [ 19.227457, 19.40607, 19.475847, 19.260499 ] }, { "date": "2026-05-01", "close": 19.636475, "volume": 6902200, "typical_volume": 9220116.85, "trend": 18.974163, "fair_value": 16.927566, "relative_strength": -9.987449, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.575655, "energy": 9.015831, "activity_lines": [ 19.371722, 19.410186, 19.509043, 19.307823 ] }, { "date": "2026-05-08", "close": 19.754002, "volume": 4691412, "typical_volume": 9174899.55, "trend": 19.048296, "fair_value": 16.938807, "relative_strength": -11.656444, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.113591, "energy": 16.469662, "activity_lines": [ 19.529397, 19.447734, 19.54902, 19.358135 ] }, { "date": "2026-05-15", "close": 18.451431, "volume": 8401255, "typical_volume": 9324945.05, "trend": 19.072344, "fair_value": 16.941394, "relative_strength": -16.988806, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.997907, "energy": 5.795482, "activity_lines": [ 19.186616, 19.25856, 19.456018, 19.319628 ] }, { "date": "2026-05-22", "close": 17.599375, "volume": 8113946, "typical_volume": 9451361.55, "trend": 19.076323, "fair_value": 16.94253, "relative_strength": -20.584813, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.331627, "energy": 37.529999, "activity_lines": [ 18.626413, 18.941168, 19.281053, 19.224598 ] }, { "date": "2026-05-29", "close": 16.766907, "volume": 7158697, "typical_volume": 9629602.3, "trend": 19.028553, "fair_value": 16.938694, "relative_strength": -23.749652, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.734301, "energy": 61.522456, "activity_lines": [ 17.915387, 18.512429, 19.031236, 19.075603 ] }, { "date": "2026-06-05", "close": 16.619999, "volume": 1265300, "typical_volume": 9306428.4, "trend": 18.959553, "fair_value": 16.932093, "relative_strength": -22.62022, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.963722, "energy": 80.31874, "activity_lines": [ 17.308174, 18.111946, 18.775061, 18.920213 ] }, { "date": "2026-06-12", "close": 16.16, "volume": 867700, "typical_volume": 8846761.55, "trend": 18.872886, "fair_value": 16.919384, "relative_strength": -22.439777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.627466, "energy": 86.042548, "activity_lines": [ 16.748727, 17.675644, 18.485602, 18.739596 ] }, { "date": "2026-06-19", "close": 16.379999, "volume": 6742613, "typical_volume": 8416241.95, "trend": 18.78122, "fair_value": 16.908632, "relative_strength": -25.905515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.830861, "energy": 84.205031, "activity_lines": [ 16.502212, 17.326615, 18.230808, 18.578765 ] }, { "date": "2026-06-26", "close": 15.83, "volume": 1224716, "typical_volume": 7936348.5, "trend": 18.720553, "fair_value": 16.8933, "relative_strength": -26.656271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.779833, "energy": 89.691084, "activity_lines": [ 16.21046, 16.933411, 17.941824, 18.388363 ] }, { "date": "2026-07-03", "close": 16.41, "volume": 1594700, "typical_volume": 7597298.15, "trend": 18.645553, "fair_value": 16.883284, "relative_strength": -22.490946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.570287, "energy": 80.731305, "activity_lines": [ 16.23, 16.712378, 17.72665, 18.239296 ] }, { "date": "2026-07-10", "close": 16.01, "volume": 5422002, "typical_volume": 7426321.8, "trend": 18.555553, "fair_value": 16.873224, "relative_strength": -21.05116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.098721, "energy": 70.225504, "activity_lines": [ 16.14, 16.466775, 17.490714, 18.06926 ] }, { "date": "2026-07-17", "close": 16.360001, "volume": 6170470, "typical_volume": 7391937.8, "trend": 18.504886, "fair_value": 16.86301, "relative_strength": -10.943774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.921612, "energy": 54.853066, "activity_lines": [ 16.207334, 16.350744, 17.30854, 17.927611 ] }, { "date": "2026-07-24", "close": 15.35, "volume": 5949666, "typical_volume": 7119268.4, "trend": 18.40722, "fair_value": 16.846445, "relative_strength": -16.305264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.34687, "energy": 58.628289, "activity_lines": [ 15.924667, 16.112785, 17.048985, 17.72407 ] }, { "date": "2026-07-31", "close": 15.92, "volume": 5137696, "typical_volume": 6947470.45, "trend": 18.32022, "fair_value": 16.83132, "relative_strength": -11.45982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.522791, "energy": 51.515692, "activity_lines": [ 15.900667, 16.034853, 16.865477, 17.563605 ] }, { "date": "2026-08-07", "close": 16.32, "volume": 6204098, "typical_volume": 6130427.15, "trend": 18.251886, "fair_value": 16.81378, "relative_strength": -13.339432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.650337, "energy": 44.152112, "activity_lines": [ 16.004, 16.060182, 16.738541, 17.434558 ] } ], "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." } } }