{ "ticker": { "uuid": "a88b00e8-75e6-4a99-b409-378f14a0922a", "symbol": "3609", "name": "HEP Tech Co., Ltd.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -53.81, "architecture_energy": 44.789, "architecture_maturity": 74.376, "architecture_confidence": 87.424, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 37.18, "rotation_up": 12.49, "upward_expansion": 6.94, "deceleration": 43.23, "rotation_down": 61.57, "downward_expansion": 80.28 }, "activity_lines": [ 25.083333, 25.889091, 26.257857, 26.912043 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 25.049999, "trend_reference": 28.783333, "distance_from_trend": -0.129705, "trend_direction": "Weakening", "fair_value": 39.496474, "distance_from_fair_value": -0.365766, "fair_value_direction": "Weakening", "relative_strength": -52.828014, "relative_strength_direction": "Improving", "price_momentum": -0.303199, "excess_performance": -0.744571, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.129705, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.168912, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.365766, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.032329, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.52828, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.031934, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.303199, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.676708, "read": "Supply-led" } ], "volume": { "latest": 1574001, "relative_activity": 1.383894, "balance": 0.676708, "dry_up": 0.845151, "accumulation_observations": 4, "distribution_observations": 5 }, "risk": { "range_context": 0.12928, "annualized_volatility": 0.458598, "from_high_reference": -0.521033, "from_low_reference": 0.221951 }, "levels": { "trend_reference": 28.783333, "fair_value_reference": 39.496474, "structural_low": 20.5, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": -0.050959, "positive_rate": 0.291667, "directional_follow_through": 0.708333, "median_excess_return": -0.080602, "regime_survival": 0.833333, "best_return": 0.382143, "worst_return": -0.167286, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.013336, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": -0.064282, "regime_survival": 0.625, "best_return": 0.202703, "worst_return": -0.356033, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.045556, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.126965, "regime_survival": 0.4, "best_return": 0.019084, "worst_return": -0.323775, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.010178, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.235563, "regime_survival": 0.0, "best_return": 0.137888, "worst_return": -0.146123, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-26", "end": "2024-10-11", "tenure": "Developing", "return": -0.170354, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-18", "end": "2024-10-25", "tenure": "New", "return": 0.098202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2024-12-20", "tenure": "Developing", "return": -0.006211, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": 0.082944, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-17", "end": "2025-02-14", "tenure": "New", "return": 0.340206, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.044933, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": -0.089888, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-16", "end": "2025-06-06", "tenure": "New", "return": 0.08, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": 0.201856, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": -0.074718, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-10-03", "tenure": "Developing", "return": 0.084875, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-11-21", "tenure": "Developing", "return": -0.09082, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": -0.09, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-08-14", "tenure": "Extended", "return": -0.401434, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 44.900002, "volume": 188000, "typical_volume": 155700.0, "trend": 44.823334, "fair_value": 44.247913, "relative_strength": -10.935016, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.81675, "energy": 15.300975, "activity_lines": [ 44.250001, 44.247274, 44.599763, 44.605484 ] }, { "date": "2023-08-18", "close": 43.849998, "volume": 64000, "typical_volume": 157150.0, "trend": 44.701667, "fair_value": 44.343007, "relative_strength": -11.443782, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.180593, "energy": 15.350953, "activity_lines": [ 44.246667, 44.132728, 44.539286, 44.542689 ] }, { "date": "2023-08-25", "close": 44.549999, "volume": 46000, "typical_volume": 158050.0, "trend": 44.653334, "fair_value": 44.455298, "relative_strength": -10.242089, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.079607, "energy": 8.027702, "activity_lines": [ 44.436667, 44.178182, 44.545238, 44.532904 ] }, { "date": "2023-09-01", "close": 42.950001, "volume": 112000, "typical_volume": 136500.0, "trend": 44.543334, "fair_value": 44.572832, "relative_strength": -13.923704, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.37623, "energy": 20.114406, "activity_lines": [ 43.88, 43.945455, 44.398572, 44.423011 ] }, { "date": "2023-09-08", "close": 42.75, "volume": 72000, "typical_volume": 128250.0, "trend": 44.461667, "fair_value": 44.688775, "relative_strength": -13.614883, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.507795, "energy": 35.191057, "activity_lines": [ 43.453333, 43.721818, 44.23381, 44.307312 ] }, { "date": "2023-09-15", "close": 42.799999, "volume": 61000, "typical_volume": 127450.0, "trend": 44.361667, "fair_value": 44.809377, "relative_strength": -14.913567, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.460814, "energy": 41.140741, "activity_lines": [ 43.12, 43.546364, 44.070238, 44.200108 ] }, { "date": "2023-09-22", "close": 44.599998, "volume": 203000, "typical_volume": 134300.0, "trend": 44.331667, "fair_value": 44.88293, "relative_strength": -7.814376, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.639077, "energy": 28.432002, "activity_lines": [ 43.526666, 43.724545, 44.076429, 44.215484 ] }, { "date": "2023-09-29", "close": 44.150002, "volume": 101000, "typical_volume": 120400.0, "trend": 44.303334, "fair_value": 44.967237, "relative_strength": -8.445017, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.041528, "energy": 18.617185, "activity_lines": [ 43.733333, 43.796364, 44.023572, 44.203764 ] }, { "date": "2023-10-06", "close": 42.799999, "volume": 108000, "typical_volume": 109050.0, "trend": 44.213334, "fair_value": 45.043201, "relative_strength": -11.639852, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.692746, "energy": 21.753964, "activity_lines": [ 43.516666, 43.571818, 43.855476, 44.106774 ] }, { "date": "2023-10-13", "close": 42.0, "volume": 118000, "typical_volume": 111550.0, "trend": 44.148334, "fair_value": 45.119306, "relative_strength": -14.122664, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.917631, "energy": 26.002126, "activity_lines": [ 43.043333, 43.258182, 43.634762, 43.963979 ] }, { "date": "2023-10-20", "close": 38.599998, "volume": 399000, "typical_volume": 128650.0, "trend": 43.958334, "fair_value": 45.168967, "relative_strength": -18.770972, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -77.165476, "energy": 64.785258, "activity_lines": [ 41.486666, 42.360909, 43.114047, 43.606021 ] }, { "date": "2023-10-27", "close": 39.299999, "volume": 245000, "typical_volume": 133650.0, "trend": 43.808334, "fair_value": 45.223734, "relative_strength": -15.030947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.452034, "energy": 72.84933, "activity_lines": [ 40.443332, 41.705454, 42.695714, 43.305484 ] }, { "date": "2023-11-03", "close": 37.549999, "volume": 136000, "typical_volume": 136650.0, "trend": 43.576667, "fair_value": 45.271004, "relative_strength": -19.947469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.782068, "energy": 82.472202, "activity_lines": [ 39.169999, 40.814545, 42.140952, 42.90172 ] }, { "date": "2023-11-10", "close": 38.25, "volume": 142000, "typical_volume": 141700.0, "trend": 43.413333, "fair_value": 45.321211, "relative_strength": -18.652082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.971252, "energy": 82.593626, "activity_lines": [ 38.569999, 40.178181, 41.689523, 42.558064 ] }, { "date": "2023-11-17", "close": 37.700001, "volume": 286000, "typical_volume": 153100.0, "trend": 43.27, "fair_value": 45.359522, "relative_strength": -21.708865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.261768, "energy": 81.253244, "activity_lines": [ 38.09, 39.527272, 41.22, 42.189462 ] }, { "date": "2023-11-24", "close": 37.0, "volume": 175000, "typical_volume": 155850.0, "trend": 43.088333, "fair_value": 45.392727, "relative_strength": -22.985679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.13495, "energy": 80.5776, "activity_lines": [ 37.663333, 38.840909, 40.718095, 41.784946 ] }, { "date": "2023-12-01", "close": 36.200001, "volume": 149000, "typical_volume": 154000.0, "trend": 42.921667, "fair_value": 45.420183, "relative_strength": -24.802256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.230806, "energy": 77.17239, "activity_lines": [ 37.076667, 38.114545, 40.174524, 41.340538 ] }, { "date": "2023-12-08", "close": 35.400002, "volume": 295000, "typical_volume": 165650.0, "trend": 42.536667, "fair_value": 45.432901, "relative_strength": -25.715142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.145682, "energy": 75.258336, "activity_lines": [ 36.430001, 37.395455, 39.588333, 40.855269 ] }, { "date": "2023-12-15", "close": 32.0, "volume": 270000, "typical_volume": 161300.0, "trend": 42.011667, "fair_value": 45.432504, "relative_strength": -33.222516, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.802454, "energy": 81.834929, "activity_lines": [ 34.793334, 36.217273, 38.706667, 40.175484 ] }, { "date": "2023-12-22", "close": 34.299999, "volume": 2362000, "typical_volume": 276600.0, "trend": 41.588333, "fair_value": 45.44778, "relative_strength": -27.339663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.37226, "energy": 61.231409, "activity_lines": [ 34.34, 35.653637, 38.110238, 39.677957 ] }, { "date": "2023-12-29", "close": 35.099998, "volume": 546000, "typical_volume": 294500.0, "trend": 41.221667, "fair_value": 45.469115, "relative_strength": -26.134234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.418187, "energy": 55.433745, "activity_lines": [ 34.379999, 35.375454, 37.635714, 39.259355 ] }, { "date": "2024-01-05", "close": 34.349998, "volume": 124000, "typical_volume": 297500.0, "trend": 40.845, "fair_value": 45.497112, "relative_strength": -25.088034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.289554, "energy": 52.658653, "activity_lines": [ 34.296665, 35.024545, 37.136428, 38.816021 ] }, { "date": "2024-01-12", "close": 34.5, "volume": 134000, "typical_volume": 301900.0, "trend": 40.486667, "fair_value": 45.511501, "relative_strength": -23.896024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.826827, "energy": 44.188242, "activity_lines": [ 34.386666, 34.790909, 36.696666, 38.406666 ] }, { "date": "2024-01-19", "close": 34.049999, "volume": 207000, "typical_volume": 306650.0, "trend": 40.106667, "fair_value": 45.532305, "relative_strength": -24.891891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.446349, "energy": 42.377189, "activity_lines": [ 34.386666, 34.530908, 36.261904, 37.991398 ] }, { "date": "2024-01-26", "close": 33.299999, "volume": 198000, "typical_volume": 312950.0, "trend": 39.72, "fair_value": 45.546441, "relative_strength": -27.153963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.285839, "energy": 45.432508, "activity_lines": [ 33.999999, 34.210908, 35.798095, 37.552258 ] }, { "date": "2024-02-02", "close": 31.200001, "volume": 134000, "typical_volume": 316600.0, "trend": 39.285, "fair_value": 45.548046, "relative_strength": -31.350441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.719465, "energy": 52.450293, "activity_lines": [ 32.98, 33.58909, 35.179285, 37.00258 ] }, { "date": "2024-02-09", "close": 31.9, "volume": 54000, "typical_volume": 309150.0, "trend": 38.906666, "fair_value": 45.555067, "relative_strength": -29.336375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.126531, "energy": 59.381015, "activity_lines": [ 32.453333, 33.2, 34.682381, 36.526129 ] }, { "date": "2024-02-16", "close": 29.4, "volume": 76000, "typical_volume": 307900.0, "trend": 38.508333, "fair_value": 45.550713, "relative_strength": -35.983044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.555538, "energy": 74.917464, "activity_lines": [ 31.256667, 32.434545, 34.007857, 35.912795 ] }, { "date": "2024-02-23", "close": 28.25, "volume": 341000, "typical_volume": 319550.0, "trend": 37.92, "fair_value": 45.531548, "relative_strength": -38.718051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.474355, "energy": 81.644529, "activity_lines": [ 30.016667, 31.569091, 33.294047, 35.250967 ] }, { "date": "2024-03-01", "close": 27.75, "volume": 347000, "typical_volume": 331000.0, "trend": 37.381666, "fair_value": 45.501117, "relative_strength": -39.272919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.563876, "energy": 79.292964, "activity_lines": [ 28.996667, 30.680909, 32.601905, 34.594838 ] }, { "date": "2024-03-08", "close": 28.200001, "volume": 363000, "typical_volume": 329200.0, "trend": 36.825, "fair_value": 45.446292, "relative_strength": -40.220399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.358955, "energy": 73.930466, "activity_lines": [ 28.496667, 29.993636, 32.020476, 34.002473 ] }, { "date": "2024-03-15", "close": 28.0, "volume": 251000, "typical_volume": 329500.0, "trend": 36.296666, "fair_value": 45.398245, "relative_strength": -39.642256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.634539, "energy": 75.931326, "activity_lines": [ 28.13, 29.395455, 31.469524, 33.433118 ] }, { "date": "2024-03-22", "close": 28.0, "volume": 598000, "typical_volume": 352600.0, "trend": 35.745, "fair_value": 45.354537, "relative_strength": -40.592889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.931351, "energy": 77.035047, "activity_lines": [ 28.023334, 28.912727, 30.972381, 32.897849 ] }, { "date": "2024-03-29", "close": 27.799999, "volume": 56000, "typical_volume": 348300.0, "trend": 35.24, "fair_value": 45.307688, "relative_strength": -40.526591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.055844, "energy": 76.988476, "activity_lines": [ 27.943333, 28.511818, 30.501666, 32.385269 ] }, { "date": "2024-04-05", "close": 27.85, "volume": 74000, "typical_volume": 337700.0, "trend": 34.743333, "fair_value": 45.263018, "relative_strength": -39.822223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.207709, "energy": 69.400574, "activity_lines": [ 27.91, 28.233636, 30.085476, 31.908494 ] }, { "date": "2024-04-12", "close": 38.700001, "volume": 1617000, "typical_volume": 409800.0, "trend": 34.606666, "fair_value": 45.29534, "relative_strength": -17.398468, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -5.341696, "energy": 14.550939, "activity_lines": [ 31.486667, 30.027273, 30.749524, 32.163763 ] }, { "date": "2024-04-19", "close": 37.950001, "volume": 537000, "typical_volume": 429200.0, "trend": 34.385, "fair_value": 45.302705, "relative_strength": -13.430923, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 17.927436, "energy": 33.122267, "activity_lines": [ 34.113334, 31.548182, 31.334048, 32.379462 ] }, { "date": "2024-04-26", "close": 40.049999, "volume": 423000, "typical_volume": 435600.0, "trend": 34.248333, "fair_value": 45.338411, "relative_strength": -10.773668, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.053563, "energy": 52.501024, "activity_lines": [ 36.776667, 33.340909, 32.110238, 32.744946 ] }, { "date": "2024-05-03", "close": 40.5, "volume": 764000, "typical_volume": 460300.0, "trend": 34.171667, "fair_value": 45.385062, "relative_strength": -10.203381, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.786693, "energy": 54.873587, "activity_lines": [ 38.786667, 35.021818, 32.907143, 33.14828 ] }, { "date": "2024-05-10", "close": 45.0, "volume": 6878000, "typical_volume": 686100.0, "trend": 34.271667, "fair_value": 45.457768, "relative_strength": -1.31777, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 59.325493, "energy": 83.421698, "activity_lines": [ 41.45, 37.298182, 34.092143, 33.846882 ] }, { "date": "2024-05-17", "close": 44.950001, "volume": 1739000, "typical_volume": 745750.0, "trend": 34.483333, "fair_value": 45.540074, "relative_strength": -3.268341, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 82.152835, "energy": 92.676517, "activity_lines": [ 42.953334, 39.251818, 35.221429, 34.535806 ] }, { "date": "2024-05-24", "close": 47.299999, "volume": 7342000, "typical_volume": 1106650.0, "trend": 34.75, "fair_value": 45.654184, "relative_strength": 0.921304, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.916653, "energy": 92.527298, "activity_lines": [ 44.823333, 41.328182, 36.527619, 35.362688 ] }, { "date": "2024-05-31", "close": 48.900002, "volume": 2914000, "typical_volume": 1245650.0, "trend": 35.128333, "fair_value": 45.77452, "relative_strength": 6.687106, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.476138, "energy": 92.606452, "activity_lines": [ 46.603334, 43.344546, 37.924524, 36.275591 ] }, { "date": "2024-06-07", "close": 47.849998, "volume": 2581000, "typical_volume": 1364350.0, "trend": 35.448333, "fair_value": 45.883785, "relative_strength": 1.592852, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.75718, "energy": 85.667202, "activity_lines": [ 47.443333, 44.79, 39.152857, 37.096344 ] }, { "date": "2024-06-14", "close": 49.599998, "volume": 4295000, "typical_volume": 1569200.0, "trend": 35.845, "fair_value": 46.010468, "relative_strength": 2.662577, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.374574, "energy": 79.4343, "activity_lines": [ 48.376666, 46.18909, 40.482143, 38.009355 ] }, { "date": "2024-06-21", "close": 47.950001, "volume": 4444000, "typical_volume": 1784700.0, "trend": 36.21, "fair_value": 46.112315, "relative_strength": -3.446336, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.978976, "energy": 65.35042, "activity_lines": [ 48.453333, 46.892727, 41.576667, 38.790322 ] }, { "date": "2024-06-28", "close": 47.599998, "volume": 1274000, "typical_volume": 1845700.0, "trend": 36.59, "fair_value": 46.206028, "relative_strength": -2.716012, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.149345, "energy": 60.489075, "activity_lines": [ 48.213332, 47.364545, 42.558095, 39.525161 ] }, { "date": "2024-07-05", "close": 48.049999, "volume": 1638000, "typical_volume": 1923800.0, "trend": 37.011666, "fair_value": 46.265737, "relative_strength": -3.444101, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.376142, "energy": 54.759187, "activity_lines": [ 48.103332, 47.742727, 43.507619, 40.264516 ] }, { "date": "2024-07-12", "close": 46.950001, "volume": 2190000, "typical_volume": 2016250.0, "trend": 37.51, "fair_value": 46.237486, "relative_strength": -6.617513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.850147, "energy": 48.73054, "activity_lines": [ 47.683333, 47.775454, 44.263571, 40.905699 ] }, { "date": "2024-07-19", "close": 46.150002, "volume": 2042000, "typical_volume": 2101000.0, "trend": 37.905, "fair_value": 46.189227, "relative_strength": -3.642226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.197312, "energy": 42.195208, "activity_lines": [ 47.056667, 47.545455, 44.854286, 41.463118 ] }, { "date": "2024-07-26", "close": 45.200001, "volume": 1056000, "typical_volume": 2135650.0, "trend": 38.241667, "fair_value": 46.125579, "relative_strength": -1.87524, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.372865, "energy": 33.53683, "activity_lines": [ 46.343334, 47.121818, 45.266905, 41.933763 ] }, { "date": "2024-08-02", "close": 47.0, "volume": 1795000, "typical_volume": 2212850.0, "trend": 38.663333, "fair_value": 46.130198, "relative_strength": 4.72097, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.607506, "energy": 29.876774, "activity_lines": [ 46.413334, 47.020909, 45.77, 42.498817 ] }, { "date": "2024-08-09", "close": 45.0, "volume": 1903000, "typical_volume": 2278100.0, "trend": 39.013333, "fair_value": 46.110217, "relative_strength": 1.627866, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.606675, "energy": 22.983852, "activity_lines": [ 45.856667, 46.561818, 45.992143, 42.907634 ] }, { "date": "2024-08-16", "close": 43.950001, "volume": 1010000, "typical_volume": 2325800.0, "trend": 39.343333, "fair_value": 46.069556, "relative_strength": -4.017407, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.112875, "energy": 15.921077, "activity_lines": [ 45.153334, 45.982728, 46.033333, 43.226129 ] }, { "date": "2024-08-23", "close": 40.200001, "volume": 636000, "typical_volume": 2353900.0, "trend": 39.573333, "fair_value": 46.017255, "relative_strength": -10.704239, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.9834, "energy": 15.735675, "activity_lines": [ 43.400001, 44.792728, 45.640476, 43.281398 ] }, { "date": "2024-08-30", "close": 36.5, "volume": 1075000, "typical_volume": 2326800.0, "trend": 39.75, "fair_value": 45.966346, "relative_strength": -18.598432, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -23.38179, "energy": 34.624201, "activity_lines": [ 40.81, 43.10091, 44.836429, 43.083118 ] }, { "date": "2024-09-06", "close": 39.849998, "volume": 963000, "typical_volume": 2348100.0, "trend": 40.015, "fair_value": 45.929487, "relative_strength": -7.034843, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.175516, "energy": 42.178766, "activity_lines": [ 39.916666, 42.226364, 44.361905, 43.08957 ] }, { "date": "2024-09-13", "close": 44.200001, "volume": 1472000, "typical_volume": 2400550.0, "trend": 40.508333, "fair_value": 45.925962, "relative_strength": 2.064563, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.521721, "energy": 22.690357, "activity_lines": [ 40.95, 42.283637, 44.292619, 43.35957 ] }, { "date": "2024-09-20", "close": 39.0, "volume": 482000, "typical_volume": 2386450.0, "trend": 40.866667, "fair_value": 45.879808, "relative_strength": -10.732076, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.738412, "energy": 34.279518, "activity_lines": [ 40.303333, 41.465455, 43.708333, 43.262258 ] }, { "date": "2024-09-27", "close": 38.549999, "volume": 794000, "typical_volume": 2082250.0, "trend": 41.226667, "fair_value": 45.785256, "relative_strength": -13.473907, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.122206, "energy": 27.553433, "activity_lines": [ 39.836666, 40.71, 43.088333, 43.112796 ] }, { "date": "2024-10-04", "close": 38.849998, "volume": 162000, "typical_volume": 2003400.0, "trend": 41.581667, "fair_value": 45.680449, "relative_strength": -10.014745, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.755132, "energy": 25.48389, "activity_lines": [ 39.579999, 40.147272, 42.527619, 42.959462 ] }, { "date": "2024-10-11", "close": 37.5, "volume": 354000, "typical_volume": 1654000.0, "trend": 41.898333, "fair_value": 45.572115, "relative_strength": -14.679883, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.274487, "energy": 37.205844, "activity_lines": [ 38.716666, 39.454545, 41.867381, 42.696129 ] }, { "date": "2024-10-18", "close": 36.150002, "volume": 519000, "typical_volume": 1534250.0, "trend": 42.17, "fair_value": 45.427564, "relative_strength": -19.146993, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.932389, "energy": 49.338493, "activity_lines": [ 37.56, 38.689091, 41.125238, 42.325269 ] }, { "date": "2024-10-25", "close": 39.700001, "volume": 1680000, "typical_volume": 1489200.0, "trend": 42.566667, "fair_value": 45.337821, "relative_strength": -10.010572, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.660861, "energy": 45.043023, "activity_lines": [ 38.123334, 38.73, 40.781905, 42.165914 ] }, { "date": "2024-11-01", "close": 40.25, "volume": 437000, "typical_volume": 1296300.0, "trend": 42.98, "fair_value": 45.247756, "relative_strength": -6.001684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.524784, "energy": 32.997946, "activity_lines": [ 38.823334, 38.948182, 40.529762, 42.016452 ] }, { "date": "2024-11-08", "close": 37.599998, "volume": 318000, "typical_volume": 1090000.0, "trend": 42.943333, "fair_value": 45.140705, "relative_strength": -14.46573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.761844, "energy": 34.278599, "activity_lines": [ 38.526666, 38.683636, 40.069762, 41.669355 ] }, { "date": "2024-11-15", "close": 36.75, "volume": 480000, "typical_volume": 1050300.0, "trend": 42.903333, "fair_value": 45.026282, "relative_strength": -12.901842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.513715, "energy": 32.399882, "activity_lines": [ 38.03, 38.244545, 39.578095, 41.269785 ] }, { "date": "2024-11-22", "close": 35.700001, "volume": 259003, "typical_volume": 981350.15, "trend": 42.758333, "fair_value": 44.904487, "relative_strength": -15.477559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.511743, "energy": 41.199972, "activity_lines": [ 37.233333, 37.670909, 39.038095, 40.805054 ] }, { "date": "2024-11-29", "close": 34.700001, "volume": 237000, "typical_volume": 883700.15, "trend": 42.565, "fair_value": 44.778846, "relative_strength": -15.018274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.163362, "energy": 63.058436, "activity_lines": [ 36.133334, 37.07, 38.461667, 40.285161 ] }, { "date": "2024-12-06", "close": 40.200001, "volume": 1328000, "typical_volume": 848000.15, "trend": 42.405, "fair_value": 44.703205, "relative_strength": -5.198232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.44792, "energy": 35.31452, "activity_lines": [ 37.200001, 37.547273, 38.467381, 40.132581 ] }, { "date": "2024-12-13", "close": 37.650002, "volume": 405000, "typical_volume": 815450.15, "trend": 42.161667, "fair_value": 44.616346, "relative_strength": -10.380298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.264501, "energy": 32.327891, "activity_lines": [ 37.420001, 37.53091, 38.258572, 39.825807 ] }, { "date": "2024-12-20", "close": 40.0, "volume": 1216000, "typical_volume": 786500.15, "trend": 41.918333, "fair_value": 44.550962, "relative_strength": -2.451262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.671658, "energy": 16.059775, "activity_lines": [ 38.420001, 37.963637, 38.309524, 39.686344 ] }, { "date": "2024-12-27", "close": 42.799999, "volume": 1163000, "typical_volume": 749500.15, "trend": 41.715, "fair_value": 44.506731, "relative_strength": 1.071312, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.430687, "energy": 17.918841, "activity_lines": [ 40.136667, 38.86, 38.660476, 39.743226 ] }, { "date": "2025-01-03", "close": 42.5, "volume": 4375000, "typical_volume": 917750.15, "trend": 41.536667, "fair_value": 44.446474, "relative_strength": 2.086215, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.604268, "energy": 20.417249, "activity_lines": [ 41.28, 39.580909, 38.993334, 39.793871 ] }, { "date": "2025-01-10", "close": 46.349998, "volume": 3901000, "typical_volume": 1081000.15, "trend": 41.428333, "fair_value": 44.403846, "relative_strength": 10.781183, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.842089, "energy": 55.062639, "activity_lines": [ 43.186666, 40.950909, 39.699762, 40.104409 ] }, { "date": "2025-01-17", "close": 43.650002, "volume": 1907000, "typical_volume": 1122600.15, "trend": 41.285, "fair_value": 44.359936, "relative_strength": 3.757933, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.080405, "energy": 50.766198, "activity_lines": [ 43.783333, 41.719091, 40.119762, 40.247742 ] }, { "date": "2025-01-24", "close": 45.5, "volume": 1302000, "typical_volume": 1139550.15, "trend": 41.215, "fair_value": 44.33109, "relative_strength": 6.326702, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.781059, "energy": 61.222071, "activity_lines": [ 44.596667, 42.713637, 40.681905, 40.519678 ] }, { "date": "2025-02-07", "close": 48.299999, "volume": 3026000, "typical_volume": 1217250.15, "trend": 41.223334, "fair_value": 44.310577, "relative_strength": 12.703732, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.987443, "energy": 66.958182, "activity_lines": [ 45.976666, 44.058182, 41.48381, 40.976774 ] }, { "date": "2025-02-14", "close": 58.5, "volume": 8282079, "typical_volume": 1607254.1, "trend": 41.608334, "fair_value": 44.333013, "relative_strength": 37.319418, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 93.657788, "energy": 90.776979, "activity_lines": [ 50.39, 47.028182, 43.237619, 42.091398 ] }, { "date": "2025-02-21", "close": 52.299999, "volume": 7348038, "typical_volume": 1934956.0, "trend": 41.813333, "fair_value": 44.302885, "relative_strength": 19.00157, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.530092, "energy": 81.667033, "activity_lines": [ 51.67, 48.438182, 44.308095, 42.781183 ] }, { "date": "2025-02-28", "close": 51.900002, "volume": 3710100, "typical_volume": 2112361.0, "trend": 42.036667, "fair_value": 44.270192, "relative_strength": 20.61326, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.879021, "energy": 77.856024, "activity_lines": [ 52.42, 49.555455, 45.275, 43.431936 ] }, { "date": "2025-03-07", "close": 56.700001, "volume": 7244229, "typical_volume": 2456872.45, "trend": 42.36, "fair_value": 44.243269, "relative_strength": 33.118317, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.043624, "energy": 80.806129, "activity_lines": [ 54.220001, 51.286364, 46.636905, 44.377957 ] }, { "date": "2025-03-14", "close": 51.599998, "volume": 2297001, "typical_volume": 2545772.5, "trend": 42.58, "fair_value": 44.211859, "relative_strength": 23.336607, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.682341, "energy": 54.04082, "activity_lines": [ 53.573333, 51.786364, 47.421667, 44.974086 ] }, { "date": "2025-03-21", "close": 49.900002, "volume": 4472426, "typical_volume": 2685393.8, "trend": 42.778333, "fair_value": 44.172756, "relative_strength": 17.004812, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.857883, "energy": 43.530749, "activity_lines": [ 52.140001, 51.817273, 47.970953, 45.446344 ] }, { "date": "2025-03-28", "close": 49.950001, "volume": 2782000, "typical_volume": 2802643.8, "trend": 43.103333, "fair_value": 44.133974, "relative_strength": 19.299954, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.207863, "energy": 32.843601, "activity_lines": [ 51.296667, 51.722728, 48.476429, 45.909032 ] }, { "date": "2025-04-04", "close": 44.5, "volume": 1020000, "typical_volume": 2837743.8, "trend": 43.37, "fair_value": 44.062821, "relative_strength": 7.039404, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.21059, "energy": 19.290933, "activity_lines": [ 48.793334, 50.571819, 48.416667, 45.99914 ] }, { "date": "2025-04-11", "close": 40.900002, "volume": 1842000, "typical_volume": 2905843.8, "trend": 43.405, "fair_value": 43.969231, "relative_strength": 6.533109, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.339438, "energy": 16.888728, "activity_lines": [ 45.583334, 48.75091, 47.981191, 45.839785 ] }, { "date": "2025-04-18", "close": 44.700001, "volume": 721000, "typical_volume": 2928943.65, "trend": 43.421667, "fair_value": 43.901923, "relative_strength": 16.733248, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.672535, "energy": 18.903451, "activity_lines": [ 44.693334, 47.704546, 47.887858, 45.923334 ] }, { "date": "2025-04-25", "close": 41.5, "volume": 567107, "typical_volume": 2945449.0, "trend": 43.505, "fair_value": 43.821154, "relative_strength": 5.622338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.776274, "energy": 28.883484, "activity_lines": [ 43.196667, 46.141819, 47.446905, 45.799355 ] }, { "date": "2025-05-02", "close": 42.400002, "volume": 359023, "typical_volume": 2897000.15, "trend": 43.633334, "fair_value": 43.75, "relative_strength": 3.114147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.470736, "energy": 27.155409, "activity_lines": [ 42.560001, 45.051819, 47.059286, 45.728065 ] }, { "date": "2025-05-09", "close": 40.5, "volume": 243004, "typical_volume": 2888900.35, "trend": 43.688334, "fair_value": 43.655769, "relative_strength": -2.053453, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.47127, "energy": 37.412502, "activity_lines": [ 41.793334, 43.796364, 46.480239, 45.525914 ] }, { "date": "2025-05-16", "close": 40.0, "volume": 451000, "typical_volume": 2850650.35, "trend": 43.771667, "fair_value": 43.562821, "relative_strength": -7.06633, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.335971, "energy": 42.527891, "activity_lines": [ 41.126667, 42.657273, 45.840001, 45.287957 ] }, { "date": "2025-05-23", "close": 39.0, "volume": 469000, "typical_volume": 2815950.35, "trend": 43.866667, "fair_value": 43.482692, "relative_strength": -8.308171, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.539141, "energy": 43.292823, "activity_lines": [ 40.186667, 41.640001, 45.104524, 44.980108 ] }, { "date": "2025-05-30", "close": 41.099998, "volume": 287000, "typical_volume": 2611550.35, "trend": 43.913334, "fair_value": 43.420513, "relative_strength": -1.732761, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.412094, "energy": 38.878186, "activity_lines": [ 40.326666, 41.233636, 44.587143, 44.801613 ] }, { "date": "2025-06-06", "close": 43.200001, "volume": 529005, "typical_volume": 2442950.6, "trend": 44.011667, "fair_value": 43.351282, "relative_strength": 2.109676, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.147753, "energy": 24.926067, "activity_lines": [ 41.193333, 41.369091, 44.276429, 44.755592 ] }, { "date": "2025-06-13", "close": 43.099998, "volume": 269000, "typical_volume": 2361050.6, "trend": 44.195, "fair_value": 43.283333, "relative_strength": 0.203769, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.484061, "energy": 15.094822, "activity_lines": [ 41.973333, 41.609091, 43.971191, 44.696774 ] }, { "date": "2025-06-20", "close": 48.0, "volume": 1017020, "typical_volume": 2346801.6, "trend": 44.57, "fair_value": 43.244872, "relative_strength": 11.763021, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 12.404076, "energy": 15.018191, "activity_lines": [ 44.213333, 42.765454, 44.135238, 44.942258 ] }, { "date": "2025-06-27", "close": 51.799999, "volume": 2542029, "typical_volume": 2322603.05, "trend": 45.106667, "fair_value": 43.230128, "relative_strength": 17.487705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 32.07762, "energy": 31.827063, "activity_lines": [ 47.186666, 44.483636, 44.649286, 45.40871 ] }, { "date": "2025-07-04", "close": 48.849998, "volume": 2063095, "typical_volume": 2011653.85, "trend": 45.578333, "fair_value": 43.196474, "relative_strength": 10.847866, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.513384, "energy": 37.369069, "activity_lines": [ 48.323332, 45.536363, 44.865714, 45.650215 ] }, { "date": "2025-07-11", "close": 48.599998, "volume": 1502000, "typical_volume": 1719351.95, "trend": 45.858333, "fair_value": 43.164423, "relative_strength": 9.190452, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.778111, "energy": 46.030572, "activity_lines": [ 48.859998, 46.409999, 45.104285, 45.845161 ] }, { "date": "2025-07-18", "close": 46.0, "volume": 1394561, "typical_volume": 1603575.0, "trend": 46.136667, "fair_value": 43.116346, "relative_strength": 0.551086, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.303969, "energy": 40.321981, "activity_lines": [ 48.169999, 46.698181, 45.112857, 45.854301 ] }, { "date": "2025-07-25", "close": 45.200001, "volume": 136000, "typical_volume": 1248163.55, "trend": 46.31, "fair_value": 43.061859, "relative_strength": -1.037187, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 12.930673, "energy": 14.499908, "activity_lines": [ 47.02, 46.740908, 45.073333, 45.793871 ] }, { "date": "2025-08-01", "close": 45.950001, "volume": 298068, "typical_volume": 1148216.9, "trend": 46.415, "fair_value": 43.010897, "relative_strength": 0.386031, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.720656, "energy": 4.985639, "activity_lines": [ 46.306667, 46.825454, 45.16, 45.770645 ] }, { "date": "2025-08-08", "close": 46.849998, "volume": 275110, "typical_volume": 938351.1, "trend": 46.56, "fair_value": 42.971474, "relative_strength": 0.07007, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.763691, "energy": 8.707, "activity_lines": [ 46.283333, 46.947272, 45.359285, 45.798709 ] }, { "date": "2025-08-15", "close": 43.0, "volume": 480003, "typical_volume": 823251.25, "trend": 46.448333, "fair_value": 42.911218, "relative_strength": -9.040319, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.401502, "energy": 24.252309, "activity_lines": [ 45.11, 46.264545, 45.206428, 45.569032 ] }, { "date": "2025-08-22", "close": 42.549999, "volume": 311101, "typical_volume": 787806.3, "trend": 46.411667, "fair_value": 42.850641, "relative_strength": -7.672445, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.003464, "energy": 27.332689, "activity_lines": [ 44.159999, 45.503636, 45.043809, 45.317527 ] }, { "date": "2025-08-29", "close": 42.5, "volume": 669010, "typical_volume": 729156.8, "trend": 46.311667, "fair_value": 42.798077, "relative_strength": -9.510069, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.124846, "energy": 34.055559, "activity_lines": [ 43.423333, 44.743636, 44.885714, 45.065161 ] }, { "date": "2025-09-05", "close": 45.049999, "volume": 785873, "typical_volume": 732400.45, "trend": 46.203333, "fair_value": 42.764423, "relative_strength": -5.292624, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.188563, "energy": 30.172452, "activity_lines": [ 43.716666, 44.547272, 44.962857, 44.983763 ] }, { "date": "2025-09-12", "close": 44.0, "volume": 264300, "typical_volume": 717260.1, "trend": 45.72, "fair_value": 42.74391, "relative_strength": -10.942357, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.408913, "energy": 24.349124, "activity_lines": [ 43.72, 44.282727, 44.938333, 44.841613 ] }, { "date": "2025-09-19", "close": 48.799999, "volume": 1539079, "typical_volume": 776262.9, "trend": 45.603333, "fair_value": 42.758333, "relative_strength": -1.507, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -1.428981, "energy": 3.214554, "activity_lines": [ 45.513333, 44.97909, 45.359047, 45.040322 ] }, { "date": "2025-09-26", "close": 51.5, "volume": 2810214, "typical_volume": 904623.4, "trend": 45.59, "fair_value": 42.772115, "relative_strength": 3.673778, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 39.729155, "energy": 37.098871, "activity_lines": [ 47.82, 46.162727, 46.006428, 45.420752 ] }, { "date": "2025-10-03", "close": 49.849998, "volume": 1251099, "typical_volume": 944628.35, "trend": 45.361666, "fair_value": 42.79391, "relative_strength": -4.240211, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.202771, "energy": 59.592283, "activity_lines": [ 48.979999, 46.946363, 46.444285, 45.695591 ] }, { "date": "2025-10-10", "close": 51.200001, "volume": 978366, "typical_volume": 970096.65, "trend": 45.348333, "fair_value": 42.824359, "relative_strength": -3.722272, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.270637, "energy": 69.008595, "activity_lines": [ 50.1, 47.890909, 46.963809, 46.072258 ] }, { "date": "2025-10-17", "close": 52.0, "volume": 2043558, "typical_volume": 1057924.55, "trend": 45.418333, "fair_value": 42.85641, "relative_strength": -2.476775, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.250346, "energy": 73.141243, "activity_lines": [ 51.076666, 48.885454, 47.501428, 46.501397 ] }, { "date": "2025-10-24", "close": 49.5, "volume": 832470, "typical_volume": 1073097.8, "trend": 45.403333, "fair_value": 42.872115, "relative_strength": -8.174518, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.116665, "energy": 59.844743, "activity_lines": [ 50.686667, 49.331818, 47.749047, 46.764731 ] }, { "date": "2025-10-31", "close": 43.049999, "volume": 2114243, "typical_volume": 1165359.95, "trend": 45.355, "fair_value": 42.846474, "relative_strength": -21.988249, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.812808, "energy": 15.434836, "activity_lines": [ 48.1, 48.487272, 47.352381, 46.612903 ] }, { "date": "2025-11-07", "close": 45.799999, "volume": 815200, "typical_volume": 1155268.95, "trend": 45.518333, "fair_value": 42.846474, "relative_strength": -15.165961, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.585428, "energy": 15.1716, "activity_lines": [ 46.993333, 48.133636, 47.217857, 46.641612 ] }, { "date": "2025-11-14", "close": 50.700001, "volume": 1974094, "typical_volume": 1126872.2, "trend": 45.718333, "fair_value": 42.880128, "relative_strength": -5.456211, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.279236, "energy": 22.285284, "activity_lines": [ 47.79, 48.610909, 47.560476, 46.975914 ] }, { "date": "2025-11-21", "close": 46.549999, "volume": 1037125, "typical_volume": 1075573.7, "trend": 45.886666, "fair_value": 42.886859, "relative_strength": -10.162236, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.588453, "energy": 16.850191, "activity_lines": [ 47.236666, 48.230909, 47.513095, 47.029569 ] }, { "date": "2025-11-28", "close": 45.0, "volume": 913538, "typical_volume": 1046150.6, "trend": 45.973333, "fair_value": 42.883974, "relative_strength": -16.956535, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.24252, "energy": 9.946615, "activity_lines": [ 46.53, 47.522727, 47.329047, 46.972365 ] }, { "date": "2025-12-05", "close": 44.099998, "volume": 860000, "typical_volume": 1019422.55, "trend": 46.093333, "fair_value": 42.878846, "relative_strength": -19.661918, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.399449, "energy": 13.592395, "activity_lines": [ 45.823333, 46.719999, 47.076428, 46.851505 ] }, { "date": "2025-12-12", "close": 43.900002, "volume": 1065209, "typical_volume": 1065883.0, "trend": 46.223333, "fair_value": 42.86859, "relative_strength": -20.504592, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.644293, "energy": 22.573639, "activity_lines": [ 44.98, 46.015454, 46.813809, 46.71 ] }, { "date": "2025-12-19", "close": 41.650002, "volume": 748400, "typical_volume": 1088399.6, "trend": 46.311666, "fair_value": 42.818269, "relative_strength": -23.113414, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.460579, "energy": 48.701168, "activity_lines": [ 43.513334, 45.01, 46.343095, 46.414946 ] }, { "date": "2025-12-26", "close": 40.950001, "volume": 731100, "typical_volume": 1111199.1, "trend": 46.306666, "fair_value": 42.760256, "relative_strength": -26.43331, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.97967, "energy": 68.090591, "activity_lines": [ 42.416668, 44.05091, 45.826191, 46.069032 ] }, { "date": "2026-01-02", "close": 41.849998, "volume": 372920, "typical_volume": 1105844.95, "trend": 46.261666, "fair_value": 42.694551, "relative_strength": -26.550655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.568182, "energy": 66.206832, "activity_lines": [ 41.993333, 43.456364, 45.423095, 45.781505 ] }, { "date": "2026-01-09", "close": 39.049999, "volume": 760802, "typical_volume": 1128330.0, "trend": 46.126666, "fair_value": 42.61282, "relative_strength": -33.215426, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.055874, "energy": 73.24045, "activity_lines": [ 40.846666, 42.491818, 44.758809, 45.316236 ] }, { "date": "2026-01-16", "close": 41.049999, "volume": 1951420, "typical_volume": 1192450.5, "trend": 45.895, "fair_value": 42.55641, "relative_strength": -31.817457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.068355, "energy": 59.646718, "activity_lines": [ 40.703333, 41.963636, 44.301666, 44.988709 ] }, { "date": "2026-01-23", "close": 37.5, "volume": 1545170, "typical_volume": 1230415.35, "trend": 45.418333, "fair_value": 42.492308, "relative_strength": -38.35057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.028895, "energy": 60.178187, "activity_lines": [ 39.566666, 40.876363, 43.513333, 44.447097 ] }, { "date": "2026-01-30", "close": 36.099998, "volume": 1151001, "typical_volume": 1274750.4, "trend": 44.993333, "fair_value": 42.428846, "relative_strength": -40.354292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.445576, "energy": 75.155688, "activity_lines": [ 38.239999, 39.774545, 42.627619, 43.845914 ] }, { "date": "2026-02-06", "close": 35.950001, "volume": 621881, "typical_volume": 1228890.5, "trend": 44.571666, "fair_value": 42.36282, "relative_strength": -39.506528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.603933, "energy": 77.660601, "activity_lines": [ 37.186666, 38.835454, 41.765238, 43.262473 ] }, { "date": "2026-02-13", "close": 35.0, "volume": 814000, "typical_volume": 1129079.8, "trend": 44.205, "fair_value": 42.297436, "relative_strength": -43.435552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.393404, "energy": 85.167209, "activity_lines": [ 36.21, 37.888182, 40.873571, 42.644946 ] }, { "date": "2026-02-27", "close": 35.099998, "volume": 1045010, "typical_volume": 1118775.35, "trend": 43.868333, "fair_value": 42.228846, "relative_strength": -45.480589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.355268, "energy": 85.550697, "activity_lines": [ 35.536666, 37.124545, 40.07, 42.057527 ] }, { "date": "2026-03-06", "close": 31.5, "volume": 1229198, "typical_volume": 1131316.95, "trend": 43.386666, "fair_value": 42.139103, "relative_strength": -47.70256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.993968, "energy": 91.291514, "activity_lines": [ 34.059999, 35.866363, 38.993809, 41.25957 ] }, { "date": "2026-03-13", "close": 29.450001, "volume": 1048002, "typical_volume": 1081539.15, "trend": 42.806666, "fair_value": 42.039423, "relative_strength": -49.939171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.718819, "energy": 92.683295, "activity_lines": [ 32.3, 34.42, 37.81619, 40.36043 ] }, { "date": "2026-03-20", "close": 28.4, "volume": 798041, "typical_volume": 1079817.7, "trend": 42.32, "fair_value": 41.929808, "relative_strength": -51.12906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.631595, "energy": 93.150372, "activity_lines": [ 30.633333, 32.991818, 36.645952, 39.430967 ] }, { "date": "2026-03-27", "close": 29.35, "volume": 792127, "typical_volume": 1013711.9, "trend": 41.88, "fair_value": 41.836218, "relative_strength": -48.051954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.156347, "energy": 88.858284, "activity_lines": [ 29.786667, 31.980909, 35.666666, 38.594193 ] }, { "date": "2026-04-03", "close": 26.9, "volume": 700321, "typical_volume": 1007967.95, "trend": 41.36, "fair_value": 41.724679, "relative_strength": -50.774136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.728892, "energy": 90.905473, "activity_lines": [ 28.5, 30.700909, 34.519286, 37.627742 ] }, { "date": "2026-04-10", "close": 26.950001, "volume": 772132, "typical_volume": 947869.85, "trend": 40.756666, "fair_value": 41.616667, "relative_strength": -53.943355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.794738, "energy": 83.778561, "activity_lines": [ 27.776667, 29.687273, 33.466667, 36.698064 ] }, { "date": "2026-04-17", "close": 25.950001, "volume": 452156, "typical_volume": 918621.4, "trend": 40.155, "fair_value": 41.497756, "relative_strength": -56.621536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.09664, "energy": 75.713592, "activity_lines": [ 27.023334, 28.683637, 32.431905, 35.742796 ] }, { "date": "2026-04-24", "close": 23.700001, "volume": 1084321, "typical_volume": 927160.55, "trend": 39.318333, "fair_value": 41.373077, "relative_strength": -61.781294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.487788, "energy": 87.513254, "activity_lines": [ 25.753334, 27.455455, 31.280953, 34.681183 ] }, { "date": "2026-05-01", "close": 22.4, "volume": 611002, "typical_volume": 914710.65, "trend": 38.348333, "fair_value": 41.247436, "relative_strength": -63.20016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.590609, "energy": 92.25654, "activity_lines": [ 24.363334, 26.213637, 30.107619, 33.589677 ] }, { "date": "2026-05-08", "close": 22.6, "volume": 1333002, "typical_volume": 928100.3, "trend": 37.44, "fair_value": 41.120192, "relative_strength": -64.609577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.439322, "energy": 90.324267, "activity_lines": [ 23.503334, 25.237273, 29.056667, 32.573656 ] }, { "date": "2026-05-15", "close": 27.35, "volume": 1500022, "typical_volume": 965681.4, "trend": 36.645, "fair_value": 41.03141, "relative_strength": -56.021443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.282346, "energy": 66.076329, "activity_lines": [ 24.513334, 25.351819, 28.559524, 31.922688 ] }, { "date": "2026-05-22", "close": 28.35, "volume": 1550296, "typical_volume": 1006641.2, "trend": 35.856667, "fair_value": 40.912179, "relative_strength": -54.929169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.960119, "energy": 53.81412, "activity_lines": [ 25.83, 25.723637, 28.225714, 31.387527 ] }, { "date": "2026-05-29", "close": 28.049999, "volume": 2008001, "typical_volume": 1088395.25, "trend": 35.141667, "fair_value": 40.785897, "relative_strength": -57.214232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.728014, "energy": 35.925544, "activity_lines": [ 26.886666, 26.060909, 27.923333, 30.883871 ] }, { "date": "2026-06-05", "close": 27.799999, "volume": 1299010, "typical_volume": 1115305.65, "trend": 34.633333, "fair_value": 40.66282, "relative_strength": -57.178334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.668158, "energy": 29.098987, "activity_lines": [ 27.569999, 26.359091, 27.662857, 30.410215 ] }, { "date": "2026-06-12", "close": 27.6, "volume": 1577103, "typical_volume": 1096589.8, "trend": 34.026667, "fair_value": 40.544231, "relative_strength": -55.810317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.144118, "energy": 24.987635, "activity_lines": [ 27.826666, 26.649091, 27.436905, 29.956452 ] }, { "date": "2026-06-19", "close": 28.0, "volume": 1201000, "typical_volume": 1079381.3, "trend": 33.27, "fair_value": 40.43109, "relative_strength": -56.58822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.780183, "energy": 19.801185, "activity_lines": [ 27.883333, 26.999091, 27.313095, 29.567634 ] }, { "date": "2026-06-26", "close": 25.25, "volume": 1004010, "typical_volume": 1072031.75, "trend": 32.56, "fair_value": 40.302885, "relative_strength": -58.257318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.820547, "energy": 27.403232, "activity_lines": [ 26.98, 26.83, 26.972619, 29.050215 ] }, { "date": "2026-07-03", "close": 27.700001, "volume": 1644024, "typical_volume": 1123138.9, "trend": 31.983333, "fair_value": 40.189103, "relative_strength": -55.291029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.654443, "energy": 22.092244, "activity_lines": [ 27.1, 27.119091, 26.917143, 28.736667 ] }, { "date": "2026-07-10", "close": 28.299999, "volume": 1402017, "typical_volume": 1152539.75, "trend": 31.456667, "fair_value": 40.082692, "relative_strength": -51.806989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.629694, "energy": 18.835804, "activity_lines": [ 27.443333, 27.444545, 26.958095, 28.499032 ] }, { "date": "2026-07-17", "close": 27.450001, "volume": 764000, "typical_volume": 1138489.25, "trend": 30.908333, "fair_value": 39.975, "relative_strength": -49.188246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.672487, "energy": 17.855666, "activity_lines": [ 27.47, 27.508182, 26.95, 28.240538 ] }, { "date": "2026-07-24", "close": 25.65, "volume": 348000, "typical_volume": 1094429.35, "trend": 30.375, "fair_value": 39.862179, "relative_strength": -52.596482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.029232, "energy": 19.791556, "activity_lines": [ 26.906667, 27.156364, 26.806905, 27.90129 ] }, { "date": "2026-07-31", "close": 23.950001, "volume": 1144000, "typical_volume": 1099229.25, "trend": 29.808333, "fair_value": 39.750641, "relative_strength": -54.209169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.663987, "energy": 32.56504, "activity_lines": [ 25.933334, 26.526364, 26.529762, 27.486774 ] }, { "date": "2026-08-07", "close": 25.1, "volume": 779000, "typical_volume": 1098277.2, "trend": 29.25, "fair_value": 39.617308, "relative_strength": -52.153868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.296276, "energy": 34.629343, "activity_lines": [ 25.43, 26.185455, 26.388333, 27.183011 ] }, { "date": "2026-08-14", "close": 25.049999, "volume": 1574001, "typical_volume": 1137370.9, "trend": 28.783333, "fair_value": 39.496474, "relative_strength": -52.828014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.809775, "energy": 44.788759, "activity_lines": [ 25.083333, 25.889091, 26.257857, 26.912043 ] } ], "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." } } }