{ "ticker": { "uuid": "a6766b8f-b593-4799-a1ec-219a43632cbe", "symbol": "301019", "name": "Ningbo Color Master Batch 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -56.403, "architecture_energy": 40.984, "architecture_maturity": 27.268, "architecture_confidence": 88.227, "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": 19.86, "rotation_up": 16.53, "upward_expansion": 5.05, "deceleration": 50.92, "rotation_down": 55.27, "downward_expansion": 76.05 }, "activity_lines": [ 14.99, 15.313925, 16.129109, 16.584314 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 15.32, "trend_reference": 17.333677, "distance_from_trend": -0.116171, "trend_direction": "Weakening", "fair_value": 13.479598, "distance_from_fair_value": 0.136532, "fair_value_direction": "Weakening", "relative_strength": -12.627286, "relative_strength_direction": "Weakening", "price_momentum": -0.193389, "excess_performance": -0.200789, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.116171, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.058914, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.136532, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.310248, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.126273, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.078498, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.193389, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.882504, "read": "Supply-led" } ], "volume": { "latest": 12718742, "relative_activity": 0.952544, "balance": 0.882504, "dry_up": 1.593395, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.112437, "annualized_volatility": 0.425876, "from_high_reference": -0.361242, "from_low_reference": 0.171317 }, "levels": { "trend_reference": 17.333677, "fair_value_reference": 13.479598, "structural_low": 13.69, "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": 9, "median_return": 0.043604, "positive_rate": 0.777778, "directional_follow_through": 0.222222, "median_excess_return": 0.064503, "regime_survival": 0.555556, "best_return": 0.206785, "worst_return": -0.055728, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.123849, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.057199, "regime_survival": 0.0, "best_return": 0.18239, "worst_return": -0.022943, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.095546, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.101806, "regime_survival": 0.333333, "best_return": 0.272441, "worst_return": -0.013329, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.060567, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.162019, "regime_survival": 0.0, "best_return": 0.255481, "worst_return": -0.134346, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-24", "tenure": "Developing", "return": 0.025624, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.01199, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-04", "tenure": "Developing", "return": -0.089729, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.019877, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-25", "end": "2025-05-09", "tenure": "New", "return": 0.039365, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-07-18", "tenure": "Developing", "return": 0.085392, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2026-01-09", "tenure": "Established", "return": 0.446073, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": 0.004777, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-02-27", "tenure": "New", "return": 0.017744, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.083667, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-05-08", "tenure": "Developing", "return": 0.1755, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.011905, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.053647, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.029854, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 11.625934, "volume": 4878133, "typical_volume": 3988052.15, "trend": 10.900733, "fair_value": 12.557074, "relative_strength": 7.958584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.533814, "energy": 70.676742, "activity_lines": [ 11.506472, 11.244514, 11.015824, 10.976929 ] }, { "date": "2023-08-04", "close": 11.183349, "volume": 3900033, "typical_volume": 3725894.25, "trend": 10.93495, "fair_value": 12.544235, "relative_strength": 2.536474, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.254262, "energy": 61.066696, "activity_lines": [ 11.437026, 11.251532, 11.041113, 10.995162 ] }, { "date": "2023-08-11", "close": 11.102388, "volume": 3010252, "typical_volume": 3622424.15, "trend": 10.955707, "fair_value": 12.530885, "relative_strength": 5.749681, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.926799, "energy": 39.111322, "activity_lines": [ 11.323321, 11.244027, 11.059475, 11.005965 ] }, { "date": "2023-08-18", "close": 11.2859, "volume": 6276272, "typical_volume": 3747595.2, "trend": 10.980288, "fair_value": 12.519463, "relative_strength": 10.895635, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.146796, "energy": 26.129376, "activity_lines": [ 11.285899, 11.278197, 11.095651, 11.027268 ] }, { "date": "2023-08-25", "close": 10.740765, "volume": 7050300, "typical_volume": 3946537.95, "trend": 10.98458, "fair_value": 12.503293, "relative_strength": 8.849521, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.668517, "energy": 14.882202, "activity_lines": [ 11.076481, 11.201385, 11.077783, 11.011814 ] }, { "date": "2023-09-01", "close": 11.388449, "volume": 5856603, "typical_volume": 4102058.05, "trend": 10.995465, "fair_value": 12.493249, "relative_strength": 11.529608, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.200909, "energy": 18.9144, "activity_lines": [ 11.143409, 11.240954, 11.121541, 11.037871 ] }, { "date": "2023-09-08", "close": 11.938981, "volume": 7376160, "typical_volume": 4325382.3, "trend": 11.019409, "fair_value": 12.4883, "relative_strength": 18.572004, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.336805, "energy": 35.1604, "activity_lines": [ 11.409679, 11.363327, 11.214361, 11.098743 ] }, { "date": "2023-09-15", "close": 11.501795, "volume": 5354575, "typical_volume": 4489844.3, "trend": 11.036189, "fair_value": 12.47957, "relative_strength": 15.476709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.555491, "energy": 37.299627, "activity_lines": [ 11.479845, 11.387763, 11.258041, 11.129864 ] }, { "date": "2023-09-22", "close": 11.728483, "volume": 4334968, "typical_volume": 4648182.2, "trend": 11.056292, "fair_value": 12.472982, "relative_strength": 16.955549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.129543, "energy": 55.296534, "activity_lines": [ 11.598947, 11.450274, 11.317914, 11.174528 ] }, { "date": "2023-09-29", "close": 11.625934, "volume": 2963127, "typical_volume": 4695545.55, "trend": 11.074741, "fair_value": 12.465616, "relative_strength": 16.35742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.939294, "energy": 55.259898, "activity_lines": [ 11.65436, 11.488742, 11.36109, 11.211279 ] }, { "date": "2023-10-13", "close": 11.458614, "volume": 5676315, "typical_volume": 4853449.0, "trend": 11.077027, "fair_value": 12.456935, "relative_strength": 14.764282, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.193723, "energy": 34.894144, "activity_lines": [ 11.594988, 11.497182, 11.382571, 11.236045 ] }, { "date": "2023-10-20", "close": 11.269708, "volume": 4136073, "typical_volume": 4780767.65, "trend": 11.074427, "fair_value": 12.446788, "relative_strength": 18.207709, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.817532, "energy": 20.987509, "activity_lines": [ 11.467971, 11.474317, 11.382532, 11.248476 ] }, { "date": "2023-10-27", "close": 11.79865, "volume": 14040369, "typical_volume": 5098315.4, "trend": 11.095281, "fair_value": 12.441295, "relative_strength": 20.662934, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.753845, "energy": 26.770314, "activity_lines": [ 11.561885, 11.546053, 11.43251, 11.295201 ] }, { "date": "2023-11-03", "close": 12.003749, "volume": 9744956, "typical_volume": 5349634.7, "trend": 11.134086, "fair_value": 12.437618, "relative_strength": 21.181637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.998905, "energy": 31.49269, "activity_lines": [ 11.704375, 11.64242, 11.500882, 11.353811 ] }, { "date": "2023-11-10", "close": 12.28981, "volume": 9726541, "typical_volume": 5685118.15, "trend": 11.186132, "fair_value": 12.436386, "relative_strength": 22.004825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.063427, "energy": 47.914402, "activity_lines": [ 11.923868, 11.777747, 11.589971, 11.428374 ] }, { "date": "2023-11-17", "close": 12.376167, "volume": 6752142, "typical_volume": 5933857.6, "trend": 11.242644, "fair_value": 12.435889, "relative_strength": 22.265808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.321495, "energy": 66.230885, "activity_lines": [ 12.127889, 11.90061, 11.679547, 11.505151 ] }, { "date": "2023-11-24", "close": 12.181864, "volume": 6465691, "typical_volume": 6093078.1, "trend": 11.303264, "fair_value": 12.433807, "relative_strength": 21.497297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.647494, "energy": 64.602898, "activity_lines": [ 12.205971, 11.970188, 11.741386, 11.565746 ] }, { "date": "2023-12-01", "close": 12.279015, "volume": 21083938, "typical_volume": 6919830.45, "trend": 11.366947, "fair_value": 12.432548, "relative_strength": 23.363765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.00475, "energy": 60.388489, "activity_lines": [ 12.255627, 12.053013, 11.806488, 11.628697 ] }, { "date": "2023-12-08", "close": 12.473321, "volume": 48307873, "typical_volume": 9127847.85, "trend": 11.440282, "fair_value": 12.432877, "relative_strength": 26.814244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.536372, "energy": 45.790165, "activity_lines": [ 12.338027, 12.157035, 11.885573, 11.700076 ] }, { "date": "2023-12-15", "close": 12.365375, "volume": 17807391, "typical_volume": 9737085.6, "trend": 11.505256, "fair_value": 12.432337, "relative_strength": 27.245187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.078682, "energy": 37.480072, "activity_lines": [ 12.35314, 12.227888, 11.949416, 11.75976 ] }, { "date": "2023-12-22", "close": 12.59746, "volume": 15841835, "typical_volume": 10285270.7, "trend": 11.567909, "fair_value": 12.433647, "relative_strength": 30.97799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.728503, "energy": 39.284411, "activity_lines": [ 12.440577, 12.327494, 12.031944, 11.830224 ] }, { "date": "2023-12-29", "close": 12.969878, "volume": 10426456, "typical_volume": 10611591.85, "trend": 11.627098, "fair_value": 12.43787, "relative_strength": 29.579765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.12421, "energy": 44.271573, "activity_lines": [ 12.637401, 12.474106, 12.145315, 11.920674 ] }, { "date": "2024-01-05", "close": 12.683819, "volume": 7997779, "typical_volume": 10860968.2, "trend": 11.664579, "fair_value": 12.439791, "relative_strength": 31.327345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.554205, "energy": 39.294663, "activity_lines": [ 12.686337, 12.537795, 12.222934, 11.98885 ] }, { "date": "2024-01-12", "close": 12.694613, "volume": 9995551, "typical_volume": 11046932.15, "trend": 11.733293, "fair_value": 12.441767, "relative_strength": 32.02289, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.54452, "energy": 37.730653, "activity_lines": [ 12.711885, 12.587353, 12.294051, 12.055303 ] }, { "date": "2024-01-19", "close": 11.728483, "volume": 6177724, "typical_volume": 11003303.35, "trend": 11.768745, "fair_value": 12.43628, "relative_strength": 23.958914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.314646, "energy": 18.441882, "activity_lines": [ 12.400636, 12.448689, 12.266447, 12.054993 ] }, { "date": "2024-01-26", "close": 11.496398, "volume": 9503779, "typical_volume": 11185662.15, "trend": 11.804047, "fair_value": 12.429105, "relative_strength": 20.977945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.44305, "energy": 11.579514, "activity_lines": [ 12.054485, 12.278034, 12.212037, 12.037422 ] }, { "date": "2024-02-02", "close": 9.186322, "volume": 9039261, "typical_volume": 11268817.2, "trend": 11.746115, "fair_value": 12.404538, "relative_strength": 4.6749, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -46.253809, "energy": 43.824743, "activity_lines": [ 11.011713, 11.703362, 11.937105, 11.868537 ] }, { "date": "2024-02-09", "close": 8.67897, "volume": 11824808, "typical_volume": 11592328.85, "trend": 11.657778, "fair_value": 12.376527, "relative_strength": -9.786764, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.401026, "energy": 73.275635, "activity_lines": [ 10.052061, 11.090907, 11.626962, 11.670656 ] }, { "date": "2024-02-23", "close": 9.700918, "volume": 9860981, "typical_volume": 11868629.5, "trend": 11.600088, "fair_value": 12.356559, "relative_strength": -2.159638, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.470717, "energy": 78.394726, "activity_lines": [ 9.700048, 10.729717, 11.427589, 11.544407 ] }, { "date": "2024-03-01", "close": 9.966092, "volume": 10566621, "typical_volume": 12248804.2, "trend": 11.54404, "fair_value": 12.338852, "relative_strength": -3.576671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.177578, "energy": 77.05591, "activity_lines": [ 9.636006, 10.467148, 11.263126, 11.438988 ] }, { "date": "2024-03-08", "close": 10.192595, "volume": 11537294, "typical_volume": 12541853.15, "trend": 11.496262, "fair_value": 12.323071, "relative_strength": -0.9442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.952034, "energy": 64.795057, "activity_lines": [ 9.764957, 10.289384, 11.128139, 11.351798 ] }, { "date": "2024-03-15", "close": 10.330706, "volume": 9590119, "typical_volume": 12814555.45, "trend": 11.467841, "fair_value": 12.308528, "relative_strength": -2.387312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.158784, "energy": 41.603626, "activity_lines": [ 10.026866, 10.180456, 11.012334, 11.276601 ] }, { "date": "2024-03-22", "close": 10.457767, "volume": 8662788, "typical_volume": 12545676.4, "trend": 11.446353, "fair_value": 12.295117, "relative_strength": -0.868706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.885672, "energy": 29.085871, "activity_lines": [ 10.254836, 10.142615, 10.913101, 11.211435 ] }, { "date": "2024-03-29", "close": 10.6235, "volume": 6337672, "typical_volume": 12375312.2, "trend": 11.424273, "fair_value": 12.283091, "relative_strength": 2.245823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.331819, "energy": 22.631658, "activity_lines": [ 10.419465, 10.175382, 10.836038, 11.158348 ] }, { "date": "2024-04-05", "close": 11.181469, "volume": 5943374, "typical_volume": 12186153.85, "trend": 11.438963, "fair_value": 12.275222, "relative_strength": 5.605388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.139027, "energy": 20.515347, "activity_lines": [ 10.708577, 10.347253, 10.818687, 11.142683 ] }, { "date": "2024-04-12", "close": 10.805806, "volume": 11532488, "typical_volume": 12425171.15, "trend": 11.419542, "fair_value": 12.264801, "relative_strength": 5.108756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.464608, "energy": 19.255915, "activity_lines": [ 10.791443, 10.460768, 10.770836, 11.101834 ] }, { "date": "2024-04-19", "close": 9.734065, "volume": 12988796, "typical_volume": 12751326.4, "trend": 11.346045, "fair_value": 12.246979, "relative_strength": -6.08616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.160904, "energy": 20.481376, "activity_lines": [ 10.476182, 10.391977, 10.628393, 10.993094 ] }, { "date": "2024-04-26", "close": 10.258887, "volume": 8035065, "typical_volume": 12098882.75, "trend": 11.304615, "fair_value": 12.233076, "relative_strength": -3.249678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.767346, "energy": 22.236427, "activity_lines": [ 10.375637, 10.40865, 10.547589, 10.922954 ] }, { "date": "2024-05-03", "close": 10.546159, "volume": 3465231, "typical_volume": 9856750.65, "trend": 11.265204, "fair_value": 12.221361, "relative_strength": -2.14615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.172468, "energy": 24.68415, "activity_lines": [ 10.384108, 10.448828, 10.503764, 10.874022 ] }, { "date": "2024-05-10", "close": 11.65657, "volume": 25461088, "typical_volume": 10239435.5, "trend": 11.266225, "fair_value": 12.217466, "relative_strength": 6.041015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.897142, "energy": 5.349341, "activity_lines": [ 10.767872, 10.67553, 10.574869, 10.899271 ] }, { "date": "2024-05-17", "close": 12.805655, "volume": 22891594, "typical_volume": 10591923.45, "trend": 11.311126, "fair_value": 12.221495, "relative_strength": 15.966338, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.735852, "energy": 33.498983, "activity_lines": [ 11.502991, 11.080422, 10.758786, 10.998589 ] }, { "date": "2024-05-24", "close": 12.380274, "volume": 33795720, "typical_volume": 11760386.65, "trend": 11.348145, "fair_value": 12.222575, "relative_strength": 14.789892, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.539836, "energy": 46.36648, "activity_lines": [ 11.962994, 11.360461, 10.9012, 11.067567 ] }, { "date": "2024-05-31", "close": 11.778109, "volume": 18754661, "typical_volume": 12298230.75, "trend": 11.347461, "fair_value": 12.219572, "relative_strength": 9.373021, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.746629, "energy": 45.518277, "activity_lines": [ 12.04586, 11.493751, 10.989072, 11.095306 ] }, { "date": "2024-06-07", "close": 10.651122, "volume": 9126514, "typical_volume": 12254778.9, "trend": 11.302373, "fair_value": 12.209045, "relative_strength": -0.138952, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.964691, "energy": 29.12531, "activity_lines": [ 11.651783, 11.398128, 10.973925, 11.050381 ] }, { "date": "2024-06-14", "close": 10.977064, "volume": 4698362, "typical_volume": 12180810.8, "trend": 11.258615, "fair_value": 12.200832, "relative_strength": 2.723034, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.235188, "energy": 5.684031, "activity_lines": [ 11.359356, 11.361264, 10.99955, 11.029393 ] }, { "date": "2024-06-21", "close": 10.612452, "volume": 5115565, "typical_volume": 11961400.1, "trend": 11.199824, "fair_value": 12.190313, "relative_strength": 1.051885, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.293542, "energy": 11.215406, "activity_lines": [ 10.990692, 11.261825, 10.994029, 10.987706 ] }, { "date": "2024-06-28", "close": 10.330706, "volume": 4541383, "typical_volume": 11736506.2, "trend": 11.138119, "fair_value": 12.178079, "relative_strength": 0.398192, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.301004, "energy": 25.740172, "activity_lines": [ 10.674326, 11.114674, 10.965885, 10.931633 ] }, { "date": "2024-07-05", "close": 10.087629, "volume": 3877391, "typical_volume": 11339135.35, "trend": 11.065073, "fair_value": 12.164416, "relative_strength": -0.593018, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.071824, "energy": 27.993638, "activity_lines": [ 10.413572, 10.912479, 10.90914, 10.86386 ] }, { "date": "2024-07-12", "close": 10.034566, "volume": 4198337, "typical_volume": 11056003.15, "trend": 10.983781, "fair_value": 12.150585, "relative_strength": -3.114093, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.701358, "energy": 41.54001, "activity_lines": [ 10.247829, 10.70375, 10.840635, 10.797376 ] }, { "date": "2024-07-19", "close": 9.848742, "volume": 2686019, "typical_volume": 10661973.05, "trend": 10.899893, "fair_value": 12.135735, "relative_strength": -5.535314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.508177, "energy": 50.407565, "activity_lines": [ 10.061248, 10.470537, 10.752842, 10.724147 ] }, { "date": "2024-07-26", "close": 9.941653, "volume": 2613440, "typical_volume": 10215780.35, "trend": 10.811366, "fair_value": 12.12167, "relative_strength": -1.451255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.59363, "energy": 46.047405, "activity_lines": [ 9.98086, 10.287086, 10.674458, 10.662325 ] }, { "date": "2024-08-02", "close": 10.111994, "volume": 2420634, "typical_volume": 9857306.1, "trend": 10.716104, "fair_value": 12.082636, "relative_strength": 0.575819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.163271, "energy": 40.950307, "activity_lines": [ 10.001971, 10.186679, 10.613491, 10.617204 ] }, { "date": "2024-08-09", "close": 10.104251, "volume": 2688197, "typical_volume": 9558576.55, "trend": 10.630118, "fair_value": 12.034017, "relative_strength": 2.151243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.802165, "energy": 36.523504, "activity_lines": [ 10.035083, 10.126106, 10.552828, 10.57773 ] }, { "date": "2024-08-16", "close": 10.003595, "volume": 2033845, "typical_volume": 9343385.2, "trend": 10.540417, "fair_value": 11.992761, "relative_strength": 1.328961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.917823, "energy": 34.36606, "activity_lines": [ 10.033534, 10.077666, 10.484263, 10.537309 ] }, { "date": "2024-08-23", "close": 9.469347, "volume": 2512114, "typical_volume": 9171822.2, "trend": 10.465113, "fair_value": 11.945935, "relative_strength": -2.320525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -41.673513, "energy": 41.522615, "activity_lines": [ 9.855967, 9.943862, 10.367768, 10.468208 ] }, { "date": "2024-08-30", "close": 9.833256, "volume": 2605325, "typical_volume": 8725464.05, "trend": 10.409675, "fair_value": 11.910357, "relative_strength": -0.749436, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -28.756966, "energy": 42.756483, "activity_lines": [ 9.824997, 9.903637, 10.294085, 10.427443 ] }, { "date": "2024-09-06", "close": 9.717115, "volume": 2577702, "typical_volume": 8204909.35, "trend": 10.427368, "fair_value": 11.875518, "relative_strength": 0.484872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.59831, "energy": 60.354599, "activity_lines": [ 9.762539, 9.856463, 10.213971, 10.382762 ] }, { "date": "2024-09-13", "close": 9.446118, "volume": 1583051, "typical_volume": 7882308.65, "trend": 10.452939, "fair_value": 11.839627, "relative_strength": -0.668505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.817902, "energy": 68.241024, "activity_lines": [ 9.636074, 9.771173, 10.10813, 10.319455 ] }, { "date": "2024-09-20", "close": 9.585488, "volume": 1521448, "typical_volume": 7785119.5, "trend": 10.449092, "fair_value": 11.803104, "relative_strength": -0.387817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.2429, "energy": 59.584854, "activity_lines": [ 9.599941, 9.722886, 10.019431, 10.263491 ] }, { "date": "2024-09-27", "close": 10.630755, "volume": 4485775, "typical_volume": 6736353.85, "trend": 10.471247, "fair_value": 11.764784, "relative_strength": -6.216661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.337788, "energy": 19.541588, "activity_lines": [ 9.940104, 9.872813, 10.034857, 10.275211 ] }, { "date": "2024-10-04", "close": 11.885076, "volume": 4162110, "typical_volume": 5799879.65, "trend": 10.527663, "fair_value": 11.735058, "relative_strength": -5.220905, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.918857, "energy": 31.9686, "activity_lines": [ 10.620948, 10.23658, 10.174627, 10.366426 ] }, { "date": "2024-10-11", "close": 10.994663, "volume": 12607321, "typical_volume": 4740459.7, "trend": 10.549795, "fair_value": 11.698452, "relative_strength": -8.149365, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.309008, "energy": 29.732921, "activity_lines": [ 10.868199, 10.403119, 10.233979, 10.396555 ] }, { "date": "2024-10-18", "close": 11.645052, "volume": 6910818, "typical_volume": 4148267.55, "trend": 10.589371, "fair_value": 11.654953, "relative_strength": -5.483854, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.593021, "energy": 41.927848, "activity_lines": [ 11.247076, 10.671862, 10.361871, 10.467216 ] }, { "date": "2024-10-25", "close": 11.993475, "volume": 13500469, "typical_volume": 4366965.3, "trend": 10.635037, "fair_value": 11.6232, "relative_strength": -4.984951, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.548241, "energy": 61.982378, "activity_lines": [ 11.595499, 10.97594, 10.52358, 10.557804 ] }, { "date": "2024-11-01", "close": 11.41277, "volume": 7749769, "typical_volume": 4519535.65, "trend": 10.642747, "fair_value": 11.601067, "relative_strength": -7.991552, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.406495, "energy": 54.271294, "activity_lines": [ 11.589821, 11.138256, 10.623591, 10.60798 ] }, { "date": "2024-11-08", "close": 12.310926, "volume": 11297779, "typical_volume": 4828646.35, "trend": 10.692918, "fair_value": 11.583806, "relative_strength": -6.856265, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.025326, "energy": 69.358845, "activity_lines": [ 11.831393, 11.428537, 10.807067, 10.715605 ] }, { "date": "2024-11-15", "close": 11.784422, "volume": 11653458, "typical_volume": 5184250.1, "trend": 10.761263, "fair_value": 11.562196, "relative_strength": -7.212387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.257793, "energy": 46.960552, "activity_lines": [ 11.869075, 11.578042, 10.932311, 10.786024 ] }, { "date": "2024-11-22", "close": 11.536654, "volume": 6845411, "typical_volume": 5332651.1, "trend": 10.803855, "fair_value": 11.541233, "relative_strength": -6.257576, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.247693, "energy": 39.48779, "activity_lines": [ 11.771517, 11.644911, 11.027035, 10.836049 ] }, { "date": "2024-11-29", "close": 11.954761, "volume": 6232407, "typical_volume": 5434354.6, "trend": 10.850809, "fair_value": 11.531513, "relative_strength": -4.269744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.204542, "energy": 40.250823, "activity_lines": [ 11.820554, 11.74979, 11.15468, 10.910301 ] }, { "date": "2024-12-06", "close": 12.876144, "volume": 21076234, "typical_volume": 6353865.35, "trend": 10.891461, "fair_value": 11.525928, "relative_strength": 1.508327, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.970133, "energy": 44.569978, "activity_lines": [ 12.1793, 11.979115, 11.360931, 11.040968 ] }, { "date": "2024-12-13", "close": 12.481266, "volume": 14565587, "typical_volume": 6951472.7, "trend": 10.880648, "fair_value": 11.512259, "relative_strength": -0.657413, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.128676, "energy": 41.988985, "activity_lines": [ 12.308861, 12.095819, 11.515159, 11.143536 ] }, { "date": "2024-12-20", "close": 12.953571, "volume": 23719294, "typical_volume": 8016405.7, "trend": 10.899758, "fair_value": 11.499914, "relative_strength": 3.917154, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.550084, "energy": 54.264594, "activity_lines": [ 12.584502, 12.287557, 11.702274, 11.277273 ] }, { "date": "2024-12-27", "close": 14.16918, "volume": 32501859, "typical_volume": 9507088.8, "trend": 10.97946, "fair_value": 11.492508, "relative_strength": 13.595551, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.026982, "energy": 70.886821, "activity_lines": [ 13.187402, 12.664698, 11.991631, 11.488204 ] }, { "date": "2025-01-03", "close": 13.162625, "volume": 23035897, "typical_volume": 10557191.4, "trend": 11.063177, "fair_value": 11.477896, "relative_strength": 13.719116, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.610743, "energy": 57.439472, "activity_lines": [ 13.279282, 12.812936, 12.165768, 11.629053 ] }, { "date": "2025-01-10", "close": 12.814202, "volume": 28315559, "typical_volume": 11847363.65, "trend": 11.124415, "fair_value": 11.465654, "relative_strength": 12.005617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.789961, "energy": 52.302083, "activity_lines": [ 13.174497, 12.876567, 12.29168, 11.742022 ] }, { "date": "2025-01-17", "close": 12.241242, "volume": 15792862, "typical_volume": 12506740.5, "trend": 11.178708, "fair_value": 11.449539, "relative_strength": 3.501891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.571584, "energy": 37.788759, "activity_lines": [ 12.882855, 12.810543, 12.347096, 11.814076 ] }, { "date": "2025-01-24", "close": 12.086388, "volume": 11916255, "typical_volume": 12973668.15, "trend": 11.237231, "fair_value": 11.438626, "relative_strength": 1.156078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.106192, "energy": 20.206227, "activity_lines": [ 12.555596, 12.71763, 12.376297, 11.872636 ] }, { "date": "2025-01-31", "close": 12.914858, "volume": 5466902, "typical_volume": 13167860.7, "trend": 11.331472, "fair_value": 11.429861, "relative_strength": 9.617689, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.147057, "energy": 19.539387, "activity_lines": [ 12.562306, 12.769858, 12.473118, 11.98087 ] }, { "date": "2025-02-07", "close": 13.441363, "volume": 13697110, "typical_volume": 13776643.8, "trend": 11.445032, "fair_value": 11.425754, "relative_strength": 9.319948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.963912, "energy": 24.599707, "activity_lines": [ 12.82814, 12.892756, 12.603564, 12.116992 ] }, { "date": "2025-02-14", "close": 13.069712, "volume": 9573940, "typical_volume": 14031052.05, "trend": 11.552397, "fair_value": 11.41745, "relative_strength": 4.182346, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.095189, "energy": 29.560879, "activity_lines": [ 12.951507, 12.921052, 12.680254, 12.22181 ] }, { "date": "2025-02-21", "close": 13.720101, "volume": 16191828, "typical_volume": 14632537.95, "trend": 11.678346, "fair_value": 11.418116, "relative_strength": 6.645799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.655395, "energy": 44.288545, "activity_lines": [ 13.274636, 13.064081, 12.807271, 12.361662 ] }, { "date": "2025-02-28", "close": 12.512237, "volume": 11832414, "typical_volume": 14593792.6, "trend": 11.758354, "fair_value": 11.414668, "relative_strength": 0.538296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.462069, "energy": 31.886192, "activity_lines": [ 13.096554, 12.964975, 12.810516, 12.415461 ] }, { "date": "2025-03-07", "close": 13.185853, "volume": 9547634, "typical_volume": 14725633.4, "trend": 11.861074, "fair_value": 11.415295, "relative_strength": 3.462044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.039389, "energy": 30.159673, "activity_lines": [ 13.11462, 12.996368, 12.870688, 12.507558 ] }, { "date": "2025-03-14", "close": 12.899373, "volume": 13723509, "typical_volume": 14736785.4, "trend": 11.9576, "fair_value": 11.411718, "relative_strength": -0.190267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.665876, "energy": 24.680036, "activity_lines": [ 13.019127, 12.993552, 12.896239, 12.574545 ] }, { "date": "2025-03-21", "close": 13.929154, "volume": 24360632, "typical_volume": 15567328.55, "trend": 12.10626, "fair_value": 11.416136, "relative_strength": 10.331224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.006045, "energy": 30.189758, "activity_lines": [ 13.303026, 13.182756, 13.01555, 12.701742 ] }, { "date": "2025-03-28", "close": 13.394907, "volume": 46880342, "typical_volume": 17346456.7, "trend": 12.224982, "fair_value": 11.414032, "relative_strength": 6.671397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.605713, "energy": 30.139281, "activity_lines": [ 13.351548, 13.254552, 13.071998, 12.78488 ] }, { "date": "2025-04-04", "close": 12.489008, "volume": 15488607, "typical_volume": 17538214.15, "trend": 12.317378, "fair_value": 11.414662, "relative_strength": 1.720176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.259469, "energy": 16.90913, "activity_lines": [ 13.119782, 13.140664, 13.037009, 12.801914 ] }, { "date": "2025-04-11", "close": 11.29663, "volume": 16128029, "typical_volume": 18002345.05, "trend": 12.379062, "fair_value": 11.409705, "relative_strength": -2.985783, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.867965, "energy": 8.893894, "activity_lines": [ 12.492106, 12.802659, 12.885104, 12.73606 ] }, { "date": "2025-04-18", "close": 11.521169, "volume": 8902147, "typical_volume": 18135832.05, "trend": 12.443585, "fair_value": 11.405679, "relative_strength": -0.731225, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.436028, "energy": 32.799554, "activity_lines": [ 12.065224, 12.534902, 12.755727, 12.680712 ] }, { "date": "2025-04-25", "close": 12.194785, "volume": 8669331, "typical_volume": 17515486.9, "trend": 12.495719, "fair_value": 11.401346, "relative_strength": 3.393985, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.124304, "energy": 34.008297, "activity_lines": [ 11.954761, 12.424533, 12.692568, 12.66466 ] }, { "date": "2025-05-02", "close": 12.241242, "volume": 5300657, "typical_volume": 17052240.4, "trend": 12.507591, "fair_value": 11.401095, "relative_strength": 3.739673, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.208517, "energy": 41.267967, "activity_lines": [ 11.975408, 12.338518, 12.637079, 12.648242 ] }, { "date": "2025-05-09", "close": 12.674834, "volume": 7376864, "typical_volume": 16235118.9, "trend": 12.563597, "fair_value": 11.405084, "relative_strength": 4.915328, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.388634, "energy": 20.63846, "activity_lines": [ 12.217497, 12.358227, 12.624027, 12.659032 ] }, { "date": "2025-05-16", "close": 12.760003, "volume": 8765383, "typical_volume": 15048295.1, "trend": 12.600762, "fair_value": 11.404751, "relative_strength": 5.183684, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.110708, "energy": 3.550515, "activity_lines": [ 12.475588, 12.390465, 12.620414, 12.671703 ] }, { "date": "2025-05-23", "close": 12.574179, "volume": 8547674, "typical_volume": 14323883.95, "trend": 12.620119, "fair_value": 11.416325, "relative_strength": 4.25682, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.482389, "energy": 6.166925, "activity_lines": [ 12.574179, 12.396659, 12.605813, 12.669988 ] }, { "date": "2025-05-30", "close": 12.938087, "volume": 10035275, "typical_volume": 13409869.75, "trend": 12.670963, "fair_value": 11.428594, "relative_strength": 8.200816, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.350481, "energy": 13.000328, "activity_lines": [ 12.723871, 12.474931, 12.628673, 12.690503 ] }, { "date": "2025-06-06", "close": 13.193597, "volume": 6763641, "typical_volume": 12958408.7, "trend": 12.700385, "fair_value": 11.438718, "relative_strength": 8.533744, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.292484, "energy": 16.686548, "activity_lines": [ 12.909181, 12.617679, 12.675276, 12.724221 ] }, { "date": "2025-06-13", "close": 13.518791, "volume": 35140321, "typical_volume": 14119612.0, "trend": 12.758197, "fair_value": 11.450064, "relative_strength": 11.617341, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.301332, "energy": 30.568903, "activity_lines": [ 13.139398, 12.823213, 12.748316, 12.777021 ] }, { "date": "2025-06-20", "close": 12.450295, "volume": 15621623, "typical_volume": 14627348.05, "trend": 12.788652, "fair_value": 11.45498, "relative_strength": 3.875272, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.949009, "energy": 11.245698, "activity_lines": [ 12.957186, 12.815752, 12.712773, 12.757157 ] }, { "date": "2025-06-27", "close": 13.782043, "volume": 17784131, "typical_volume": 14831699.1, "trend": 12.849561, "fair_value": 11.466242, "relative_strength": 10.563224, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.980111, "energy": 32.94537, "activity_lines": [ 13.239537, 13.029451, 12.806276, 12.821246 ] }, { "date": "2025-07-04", "close": 13.247795, "volume": 17780399, "typical_volume": 15242022.05, "trend": 12.86195, "fair_value": 11.473808, "relative_strength": 4.79179, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.613985, "energy": 28.058436, "activity_lines": [ 13.263281, 13.104907, 12.847275, 12.846939 ] }, { "date": "2025-07-11", "close": 13.657025, "volume": 23401549, "typical_volume": 15602508.1, "trend": 12.901142, "fair_value": 11.485626, "relative_strength": 5.893842, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.676468, "energy": 34.747032, "activity_lines": [ 13.402788, 13.235623, 12.926401, 12.898234 ] }, { "date": "2025-07-18", "close": 13.849604, "volume": 29180459, "typical_volume": 16469910.35, "trend": 12.931009, "fair_value": 11.493894, "relative_strength": 4.972045, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.547598, "energy": 58.498336, "activity_lines": [ 13.575592, 13.375612, 13.024168, 12.959425 ] }, { "date": "2025-07-25", "close": 13.689121, "volume": 24607849, "typical_volume": 17222921.1, "trend": 12.915007, "fair_value": 11.500862, "relative_strength": 1.281424, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.515551, "energy": 51.15793, "activity_lines": [ 13.672849, 13.465063, 13.100283, 13.008336 ] }, { "date": "2025-08-01", "close": 13.737266, "volume": 15252963, "typical_volume": 17299393.8, "trend": 12.934162, "fair_value": 11.509089, "relative_strength": 3.161833, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.005841, "energy": 52.558306, "activity_lines": [ 13.703565, 13.546374, 13.178586, 13.061385 ] }, { "date": "2025-08-08", "close": 14.298954, "volume": 18988225, "typical_volume": 17030773.45, "trend": 12.983654, "fair_value": 11.523088, "relative_strength": 5.918299, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.169569, "energy": 58.832583, "activity_lines": [ 13.924495, 13.708663, 13.306393, 13.149436 ] }, { "date": "2025-08-15", "close": 14.563748, "volume": 19497175, "typical_volume": 15661615.1, "trend": 13.061071, "fair_value": 11.538954, "relative_strength": 3.100203, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.159514, "energy": 62.774159, "activity_lines": [ 14.163613, 13.894354, 13.457658, 13.251377 ] }, { "date": "2025-08-22", "close": 14.339073, "volume": 23066338, "typical_volume": 16040501.65, "trend": 13.13616, "fair_value": 11.553345, "relative_strength": -2.956751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.446468, "energy": 59.305606, "activity_lines": [ 14.267391, 14.014283, 13.58196, 13.333829 ] }, { "date": "2025-08-29", "close": 13.8817, "volume": 20397127, "typical_volume": 16253956.55, "trend": 13.168388, "fair_value": 11.564737, "relative_strength": -9.854085, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.16235, "energy": 47.83108, "activity_lines": [ 14.186081, 14.036139, 13.653892, 13.381928 ] }, { "date": "2025-09-05", "close": 13.408278, "volume": 15741186, "typical_volume": 16595908.5, "trend": 13.167285, "fair_value": 11.570244, "relative_strength": -12.01663, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.991905, "energy": 27.337356, "activity_lines": [ 13.934124, 13.945893, 13.668426, 13.397405 ] }, { "date": "2025-09-12", "close": 13.592832, "volume": 12169473, "typical_volume": 16770915.6, "trend": 13.184723, "fair_value": 11.578631, "relative_strength": -12.925845, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.50423, "energy": 17.724028, "activity_lines": [ 13.765618, 13.895997, 13.691551, 13.42486 ] }, { "date": "2025-09-19", "close": 13.360133, "volume": 10875090, "typical_volume": 17049637.25, "trend": 13.172724, "fair_value": 11.588308, "relative_strength": -15.154467, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.582298, "energy": 19.507713, "activity_lines": [ 13.56662, 13.79752, 13.685857, 13.436176 ] }, { "date": "2025-09-26", "close": 15.374183, "volume": 51866474, "typical_volume": 19274117.75, "trend": 13.268122, "fair_value": 11.61171, "relative_strength": -3.456893, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.541621, "energy": 32.592755, "activity_lines": [ 14.119213, 14.070631, 13.866649, 13.578206 ] }, { "date": "2025-10-03", "close": 15.221725, "volume": 23248304, "typical_volume": 19998263.8, "trend": 13.335984, "fair_value": 11.634915, "relative_strength": -6.652916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.141786, "energy": 55.902155, "activity_lines": [ 14.55198, 14.288303, 14.020067, 13.704245 ] }, { "date": "2025-10-10", "close": 15.927846, "volume": 21829578, "typical_volume": 20662359.0, "trend": 13.436934, "fair_value": 11.665734, "relative_strength": -1.22856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.076123, "energy": 76.591481, "activity_lines": [ 15.130785, 14.606495, 14.229012, 13.871462 ] }, { "date": "2025-10-17", "close": 15.711195, "volume": 56854048, "typical_volume": 23003297.65, "trend": 13.496335, "fair_value": 11.698421, "relative_strength": 2.359628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.247006, "energy": 76.221604, "activity_lines": [ 15.469402, 14.845467, 14.401354, 14.018188 ] }, { "date": "2025-10-24", "close": 15.181604, "volume": 27169587, "typical_volume": 24023594.95, "trend": 13.555891, "fair_value": 11.730563, "relative_strength": -5.577787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.368287, "energy": 69.648022, "activity_lines": [ 15.490265, 14.962473, 14.510053, 14.126915 ] }, { "date": "2025-10-31", "close": 16.1124, "volume": 46083572, "typical_volume": 24570757.5, "trend": 13.676671, "fair_value": 11.764703, "relative_strength": -0.633768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.187971, "energy": 62.705935, "activity_lines": [ 15.699961, 15.237481, 14.697933, 14.291851 ] }, { "date": "2025-11-07", "close": 16.03216, "volume": 33177541, "typical_volume": 25448553.4, "trend": 13.834522, "fair_value": 11.798565, "relative_strength": -1.464846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.83178, "energy": 47.816439, "activity_lines": [ 15.833697, 15.465658, 14.865821, 14.443818 ] }, { "date": "2025-11-14", "close": 18.182619, "volume": 49622300, "typical_volume": 27040461.85, "trend": 14.056571, "fair_value": 11.847705, "relative_strength": 12.842394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.871089, "energy": 56.83461, "activity_lines": [ 16.630223, 16.045727, 15.221457, 14.724341 ] }, { "date": "2025-11-21", "close": 17.484522, "volume": 78335969, "typical_volume": 30068240.35, "trend": 14.232895, "fair_value": 11.888774, "relative_strength": 13.857716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.617692, "energy": 52.228233, "activity_lines": [ 17.043731, 16.412064, 15.489654, 14.945499 ] }, { "date": "2025-11-28", "close": 19.835585, "volume": 76617070, "typical_volume": 32729016.4, "trend": 14.48604, "fair_value": 11.944982, "relative_strength": 23.950007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.531789, "energy": 68.083732, "activity_lines": [ 18.122706, 17.135109, 15.961586, 15.306963 ] }, { "date": "2025-12-05", "close": 22.828575, "volume": 83706724, "typical_volume": 35455329.65, "trend": 14.824498, "fair_value": 12.01929, "relative_strength": 39.693925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.855643, "energy": 86.989958, "activity_lines": [ 19.889079, 18.284598, 16.689142, 15.845191 ] }, { "date": "2025-12-12", "close": 21.456453, "volume": 66304346, "typical_volume": 37540154.5, "trend": 15.11438, "fair_value": 12.085752, "relative_strength": 29.295009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.066565, "energy": 79.382602, "activity_lines": [ 20.750332, 19.049076, 17.243264, 16.273059 ] }, { "date": "2025-12-19", "close": 19.257849, "volume": 36537545, "typical_volume": 38604383.6, "trend": 15.337169, "fair_value": 12.136526, "relative_strength": 16.643518, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.762586, "energy": 66.033165, "activity_lines": [ 20.517098, 19.30045, 17.551008, 16.54038 ] }, { "date": "2025-12-26", "close": 18.768379, "volume": 28576317, "typical_volume": 39083788.2, "trend": 15.531512, "fair_value": 12.185248, "relative_strength": 9.719457, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.864409, "energy": 51.123854, "activity_lines": [ 20.049026, 19.402283, 17.785846, 16.761748 ] }, { "date": "2026-01-02", "close": 18.343102, "volume": 12597709, "typical_volume": 38738814.9, "trend": 15.703162, "fair_value": 12.233789, "relative_strength": 7.815272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.535141, "energy": 32.763672, "activity_lines": [ 19.353604, 19.371208, 17.9589, 16.943141 ] }, { "date": "2026-01-09", "close": 19.795464, "volume": 28882933, "typical_volume": 39029644.65, "trend": 15.912384, "fair_value": 12.294862, "relative_strength": 11.288255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.329469, "energy": 26.377784, "activity_lines": [ 19.241801, 19.546717, 18.252276, 17.20716 ] }, { "date": "2026-01-16", "close": 20.156548, "volume": 40124284, "typical_volume": 40016002.5, "trend": 16.169259, "fair_value": 12.358963, "relative_strength": 11.68881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.149421, "energy": 27.662909, "activity_lines": [ 19.452567, 19.720913, 18.554059, 17.480977 ] }, { "date": "2026-01-23", "close": 20.252838, "volume": 13900433, "typical_volume": 39923964.85, "trend": 16.384953, "fair_value": 12.421611, "relative_strength": 10.605604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.953277, "energy": 29.957496, "activity_lines": [ 19.78209, 19.837627, 18.835132, 17.744434 ] }, { "date": "2026-01-30", "close": 18.993055, "volume": 13994878, "typical_volume": 40015235.1, "trend": 16.576461, "fair_value": 12.475743, "relative_strength": 5.328147, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.281765, "energy": 28.380477, "activity_lines": [ 19.625353, 19.687649, 18.963632, 17.912699 ] }, { "date": "2026-02-06", "close": 18.71221, "volume": 9905600, "typical_volume": 39966760.6, "trend": 16.744967, "fair_value": 12.527668, "relative_strength": 5.883286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.188188, "energy": 23.559749, "activity_lines": [ 19.360023, 19.459181, 19.03967, 18.050489 ] }, { "date": "2026-02-13", "close": 18.776403, "volume": 8440830, "typical_volume": 37795478.4, "trend": 16.909194, "fair_value": 12.57712, "relative_strength": 4.60548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.887175, "energy": 18.229587, "activity_lines": [ 19.091483, 19.26281, 19.096335, 18.181549 ] }, { "date": "2026-02-27", "close": 19.330067, "volume": 10068944, "typical_volume": 37136510.4, "trend": 17.097226, "fair_value": 12.629103, "relative_strength": 4.621323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.7585, "energy": 17.251151, "activity_lines": [ 19.075435, 19.24078, 19.18953, 18.337735 ] }, { "date": "2026-03-06", "close": 18.030163, "volume": 13081905, "typical_volume": 36699126.75, "trend": 17.240322, "fair_value": 12.674179, "relative_strength": -0.333817, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.485435, "energy": 12.141944, "activity_lines": [ 18.681184, 19.021066, 19.13936, 18.397924 ] }, { "date": "2026-03-13", "close": 17.653027, "volume": 9601545, "typical_volume": 34336501.6, "trend": 17.352125, "fair_value": 12.716022, "relative_strength": -3.186919, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.836619, "energy": 10.998974, "activity_lines": [ 18.3094, 18.755103, 19.043262, 18.42455 ] }, { "date": "2026-03-20", "close": 16.593847, "volume": 7464275, "typical_volume": 33351236.0, "trend": 17.419795, "fair_value": 12.751416, "relative_strength": -6.305448, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -13.480461, "energy": 35.626491, "activity_lines": [ 17.673891, 18.316841, 18.837042, 18.375629 ] }, { "date": "2026-03-27", "close": 16.521629, "volume": 10807949, "typical_volume": 31587454.85, "trend": 17.492546, "fair_value": 12.784311, "relative_strength": -5.850257, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.903421, "energy": 57.477956, "activity_lines": [ 17.155534, 17.897253, 18.61722, 18.317683 ] }, { "date": "2026-04-03", "close": 16.048206, "volume": 6617536, "typical_volume": 30259454.6, "trend": 17.564763, "fair_value": 12.814442, "relative_strength": -5.670705, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.978556, "energy": 63.52009, "activity_lines": [ 16.629687, 17.451113, 18.350361, 18.2245 ] }, { "date": "2026-04-10", "close": 16.754328, "volume": 5695882, "typical_volume": 28063133.7, "trend": 17.676298, "fair_value": 12.850219, "relative_strength": -8.056299, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.025054, "energy": 62.246761, "activity_lines": [ 16.558005, 17.208055, 18.150676, 18.172214 ] }, { "date": "2026-04-17", "close": 17.28392, "volume": 7451582, "typical_volume": 24518914.35, "trend": 17.799335, "fair_value": 12.891529, "relative_strength": -8.837124, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.764485, "energy": 50.049733, "activity_lines": [ 16.747909, 17.124896, 18.008229, 18.146899 ] }, { "date": "2026-04-24", "close": 17.572788, "volume": 14491823, "typical_volume": 21412652.0, "trend": 17.939756, "fair_value": 12.935403, "relative_strength": -7.651694, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.908314, "energy": 28.926804, "activity_lines": [ 17.05871, 17.125334, 17.894248, 18.132283 ] }, { "date": "2026-05-01", "close": 18.351126, "volume": 9599832, "typical_volume": 17707307.4, "trend": 18.038988, "fair_value": 12.984572, "relative_strength": -4.607443, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.640121, "energy": 9.451428, "activity_lines": [ 17.563694, 17.288005, 17.86517, 18.158823 ] }, { "date": "2026-05-08", "close": 18.864668, "volume": 7475850, "typical_volume": 14765882.6, "trend": 18.160419, "fair_value": 13.039068, "relative_strength": -4.777502, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 16.342641, "energy": 21.934511, "activity_lines": [ 18.117892, 17.551779, 17.906323, 18.212093 ] }, { "date": "2026-05-15", "close": 18.872692, "volume": 14313675, "typical_volume": 13654689.1, "trend": 18.258581, "fair_value": 13.093582, "relative_strength": -4.666216, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 10.990267, "energy": 23.816312, "activity_lines": [ 18.487, 17.825474, 17.960581, 18.258046 ] }, { "date": "2026-05-22", "close": 18.648018, "volume": 12152079, "typical_volume": 12833477.2, "trend": 18.356475, "fair_value": 13.147266, "relative_strength": -5.93581, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.975939, "energy": 25.851643, "activity_lines": [ 18.639993, 18.043, 17.995276, 18.283171 ] }, { "date": "2026-05-29", "close": 17.05122, "volume": 9807765, "typical_volume": 12693980.0, "trend": 18.418795, "fair_value": 13.189799, "relative_strength": -13.676974, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.025668, "energy": 19.235416, "activity_lines": [ 18.169781, 17.952109, 17.878467, 18.198961 ] }, { "date": "2026-06-05", "close": 16.682114, "volume": 7769219, "typical_volume": 11638294.3, "trend": 18.437786, "fair_value": 13.228031, "relative_strength": -13.849098, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.649911, "energy": 23.729892, "activity_lines": [ 17.611304, 17.785791, 17.732658, 18.086917 ] }, { "date": "2026-06-12", "close": 16.136473, "volume": 8843276, "typical_volume": 10074243.9, "trend": 18.441263, "fair_value": 13.259712, "relative_strength": -14.427916, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.119367, "energy": 54.695402, "activity_lines": [ 16.982214, 17.517349, 17.549709, 17.938445 ] }, { "date": "2026-06-19", "close": 15.791436, "volume": 6430598, "typical_volume": 9700752.15, "trend": 18.361557, "fair_value": 13.286841, "relative_strength": -21.412717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.230023, "energy": 73.885779, "activity_lines": [ 16.419991, 17.184567, 17.353042, 17.767488 ] }, { "date": "2026-06-26", "close": 14.603868, "volume": 10174392, "typical_volume": 9509727.85, "trend": 18.265535, "fair_value": 13.312294, "relative_strength": -25.815344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.049836, "energy": 85.421705, "activity_lines": [ 15.66733, 16.653371, 17.064518, 17.525057 ] }, { "date": "2026-07-03", "close": 16.714209, "volume": 22657651, "typical_volume": 10147330.4, "trend": 18.161489, "fair_value": 13.351071, "relative_strength": -13.748905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.209317, "energy": 69.362725, "activity_lines": [ 15.887726, 16.554602, 16.99788, 17.424971 ] }, { "date": "2026-07-10", "close": 15.63, "volume": 27656179, "typical_volume": 11108097.85, "trend": 17.921537, "fair_value": 13.384358, "relative_strength": -16.102947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.896201, "energy": 54.788619, "activity_lines": [ 15.769186, 16.274314, 16.837498, 17.26165 ] }, { "date": "2026-07-17", "close": 16.48, "volume": 32415396, "typical_volume": 12225420.45, "trend": 17.755655, "fair_value": 13.419971, "relative_strength": -2.781348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.399953, "energy": 37.347694, "activity_lines": [ 16.00412, 16.198047, 16.773051, 17.168647 ] }, { "date": "2026-07-24", "close": 13.9, "volume": 26014803, "typical_volume": 12872065.35, "trend": 17.57706, "fair_value": 13.436452, "relative_strength": -18.073767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.711304, "energy": 44.920066, "activity_lines": [ 15.356152, 15.696046, 16.476462, 16.919895 ] }, { "date": "2026-07-31", "close": 14.49, "volume": 13953623, "typical_volume": 13089669.25, "trend": 17.434447, "fair_value": 13.456057, "relative_strength": -13.15006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.534461, "energy": 46.398088, "activity_lines": [ 15.030947, 15.391731, 16.25573, 16.72073 ] }, { "date": "2026-08-07", "close": 15.32, "volume": 12718742, "typical_volume": 13352392.6, "trend": 17.333677, "fair_value": 13.479598, "relative_strength": -12.627286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.402572, "energy": 40.983678, "activity_lines": [ 14.99, 15.313925, 16.129109, 16.584314 ] } ], "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." } } }