{ "ticker": { "uuid": "a89cf919-2315-4ea6-865b-fc38f91be27a", "symbol": "688192", "name": "Dizal (Jiangsu) Pharmaceutical Co., Ltd.", "exchange": "SHH", "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": "000001.SS", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 64.776, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 18.845, "architecture_energy": 26.024, "architecture_maturity": 23.531, "architecture_confidence": 51.608, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 53.09, "rotation_up": 59.99, "upward_expansion": 39.63, "deceleration": 43.06, "rotation_down": 14.57, "downward_expansion": 14.63 }, "activity_lines": [ 54.706666, 50.799636, 50.279523, 51.053419 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 56.0, "trend_reference": 52.900667, "distance_from_trend": 0.058588, "trend_direction": "Weakening", "fair_value": 49.228269, "distance_from_fair_value": 0.137558, "fair_value_direction": "Improving", "relative_strength": -5.26767, "relative_strength_direction": "Improving", "price_momentum": -0.017544, "excess_performance": 0.02566, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.058588, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.082488, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.137558, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.018633, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.052677, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.160387, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.017544, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.810746, "read": "Supply-led" } ], "volume": { "latest": 51886409, "relative_activity": 1.76306, "balance": 0.810746, "dry_up": 2.293671, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.163942, "annualized_volatility": 0.830946, "from_high_reference": -0.350197, "from_low_reference": 0.55902 }, "levels": { "trend_reference": 52.900667, "fair_value_reference": 49.228269, "structural_low": 35.919998, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": -0.052129, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.015411, "regime_survival": 0.777778, "best_return": 0.228249, "worst_return": -0.342878, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.099647, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.031582, "regime_survival": 0.333333, "best_return": -0.023491, "worst_return": -0.213443, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.231921, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.129816, "regime_survival": 0.0, "best_return": -0.231921, "worst_return": -0.231921, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.076693, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.027242, "regime_survival": 0.0, "best_return": 0.076693, "worst_return": 0.076693, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-02-09", "end": "2024-03-15", "tenure": "Developing", "return": 0.42784, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-22", "end": "2024-09-06", "tenure": "Established", "return": -0.175956, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-10-18", "tenure": "Developing", "return": 0.218162, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-01", "tenure": "New", "return": 0.046522, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2024-12-20", "tenure": "Developing", "return": -0.086391, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-02-28", "tenure": "Developing", "return": 0.123188, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-09-19", "tenure": "Extended", "return": 0.452564, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": -0.095427, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": 0.079137, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": -0.013346, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-04-24", "tenure": "Established", "return": -0.049573, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": -0.303527, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-07-31", "tenure": "Developing", "return": 0.317419, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 37.119999, "volume": 10225781, "typical_volume": 5269199.1, "trend": 44.490666, "fair_value": 35.970482, "relative_strength": -8.728209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.18688, "energy": 74.130688, "activity_lines": [ 33.860667, 35.108364, 39.707524, 42.170129 ] }, { "date": "2023-08-04", "close": 34.939999, "volume": 9820139, "typical_volume": 5562392.05, "trend": 44.343, "fair_value": 35.958214, "relative_strength": -14.75281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.604529, "energy": 54.308955, "activity_lines": [ 34.324, 34.704363, 38.942, 41.553957 ] }, { "date": "2023-08-11", "close": 32.709999, "volume": 5432473, "typical_volume": 5672028.1, "trend": 44.118667, "fair_value": 35.92, "relative_strength": -17.971958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.932331, "energy": 54.904588, "activity_lines": [ 34.027999, 34.101091, 38.025619, 40.803441 ] }, { "date": "2023-08-18", "close": 30.6, "volume": 4424821, "typical_volume": 5604552.6, "trend": 43.515667, "fair_value": 35.858139, "relative_strength": -21.952312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.325519, "energy": 58.004681, "activity_lines": [ 32.989333, 33.326727, 36.97319, 39.931269 ] }, { "date": "2023-08-25", "close": 30.299999, "volume": 6090490, "typical_volume": 5658341.55, "trend": 42.841666, "fair_value": 35.794253, "relative_strength": -21.122797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.797665, "energy": 63.300987, "activity_lines": [ 31.935333, 32.663454, 35.948238, 39.078645 ] }, { "date": "2023-09-01", "close": 32.709999, "volume": 9781685, "typical_volume": 5718384.6, "trend": 42.177, "fair_value": 35.759204, "relative_strength": -16.89789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.235616, "energy": 61.645422, "activity_lines": [ 31.793999, 32.565818, 35.249, 38.424989 ] }, { "date": "2023-09-08", "close": 31.15, "volume": 4379979, "typical_volume": 5697229.5, "trend": 41.525, "fair_value": 35.707416, "relative_strength": -20.514184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.844033, "energy": 64.832723, "activity_lines": [ 31.426666, 32.247454, 34.502571, 37.71357 ] }, { "date": "2023-09-15", "close": 34.779999, "volume": 9737779, "typical_volume": 6003592.5, "trend": 40.984333, "fair_value": 35.697111, "relative_strength": -11.455893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.523019, "energy": 46.794054, "activity_lines": [ 32.521999, 32.653636, 34.202571, 37.278408 ] }, { "date": "2023-09-22", "close": 36.16, "volume": 7475012, "typical_volume": 6316240.45, "trend": 40.581333, "fair_value": 35.702198, "relative_strength": -8.613719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.24631, "energy": 27.038068, "activity_lines": [ 33.939333, 33.262363, 34.123381, 36.967161 ] }, { "date": "2023-09-29", "close": 35.48, "volume": 4325619, "typical_volume": 6301415.4, "trend": 40.188, "fair_value": 35.699782, "relative_strength": -9.928328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.258853, "energy": 22.295189, "activity_lines": [ 34.759333, 33.669454, 34.050381, 36.638043 ] }, { "date": "2023-10-13", "close": 36.200001, "volume": 4316641, "typical_volume": 6269755.8, "trend": 39.819666, "fair_value": 35.705161, "relative_strength": -7.650913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.045046, "energy": 22.999501, "activity_lines": [ 35.474, 34.143091, 34.091095, 36.380752 ] }, { "date": "2023-10-20", "close": 32.580002, "volume": 4864111, "typical_volume": 6332916.6, "trend": 39.310333, "fair_value": 35.671915, "relative_strength": -13.977776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.068901, "energy": 21.331056, "activity_lines": [ 34.749334, 33.975273, 33.828952, 35.913677 ] }, { "date": "2023-10-27", "close": 38.900002, "volume": 8416435, "typical_volume": 6522522.45, "trend": 39.062333, "fair_value": 35.705895, "relative_strength": 1.256814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.422331, "energy": 12.042703, "activity_lines": [ 36.036001, 34.999455, 34.233953, 35.887204 ] }, { "date": "2023-11-03", "close": 43.09, "volume": 13712473, "typical_volume": 6903902.4, "trend": 39.086333, "fair_value": 35.782812, "relative_strength": 11.410637, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 21.873963, "energy": 32.050299, "activity_lines": [ 38.444668, 36.67291, 35.064191, 36.147054 ] }, { "date": "2023-11-10", "close": 45.299999, "volume": 8903890, "typical_volume": 7126316.95, "trend": 38.913, "fair_value": 35.880928, "relative_strength": 16.423676, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 45.519406, "energy": 64.467034, "activity_lines": [ 41.128, 38.521091, 36.08881, 36.547935 ] }, { "date": "2023-11-17", "close": 44.040001, "volume": 6231132, "typical_volume": 7328243.4, "trend": 38.581, "fair_value": 35.964184, "relative_strength": 12.483404, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.720831, "energy": 71.041361, "activity_lines": [ 42.736667, 39.867455, 36.955381, 36.87871 ] }, { "date": "2023-11-24", "close": 43.689999, "volume": 3778816, "typical_volume": 7266585.2, "trend": 38.294, "fair_value": 36.042222, "relative_strength": 11.647864, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.983882, "energy": 70.974065, "activity_lines": [ 43.706, 40.944182, 37.751143, 37.208323 ] }, { "date": "2023-12-01", "close": 46.650002, "volume": 6013149, "typical_volume": 6969230.45, "trend": 38.064, "fair_value": 36.1483, "relative_strength": 18.927292, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.351633, "energy": 76.115005, "activity_lines": [ 44.921334, 42.331092, 38.786, 37.74742 ] }, { "date": "2023-12-08", "close": 52.349998, "volume": 12923347, "typical_volume": 7241855.1, "trend": 38.107, "fair_value": 36.308713, "relative_strength": 34.953852, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.911105, "energy": 93.020818, "activity_lines": [ 47.52, 44.538546, 40.294524, 38.669097 ] }, { "date": "2023-12-15", "close": 48.740002, "volume": 12122160, "typical_volume": 7648796.6, "trend": 38.233, "fair_value": 36.430588, "relative_strength": 25.801406, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.161428, "energy": 81.283315, "activity_lines": [ 48.298, 45.795273, 41.361715, 39.355097 ] }, { "date": "2023-12-22", "close": 43.959999, "volume": 6761664, "typical_volume": 7475590.75, "trend": 38.198333, "fair_value": 36.503689, "relative_strength": 14.034486, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.089565, "energy": 58.719713, "activity_lines": [ 47.253333, 45.941818, 41.893667, 39.724581 ] }, { "date": "2023-12-29", "close": 47.849998, "volume": 7275937, "typical_volume": 7348380.65, "trend": 38.250667, "fair_value": 36.612788, "relative_strength": 20.874389, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.001197, "energy": 55.565834, "activity_lines": [ 47.510666, 46.654545, 42.763524, 40.347269 ] }, { "date": "2024-01-05", "close": 43.5, "volume": 5258234, "typical_volume": 7339668.7, "trend": 38.220667, "fair_value": 36.678381, "relative_strength": 11.209547, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.735213, "energy": 35.29344, "activity_lines": [ 46.040666, 46.298727, 43.157619, 40.685935 ] }, { "date": "2024-01-12", "close": 43.490002, "volume": 5855731, "typical_volume": 7411214.2, "trend": 38.346667, "fair_value": 36.742641, "relative_strength": 12.624498, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.665124, "energy": 23.554166, "activity_lines": [ 44.777334, 45.857455, 43.499381, 41.025893 ] }, { "date": "2024-01-19", "close": 40.360001, "volume": 4768237, "typical_volume": 7345101.55, "trend": 38.448333, "fair_value": 36.776448, "relative_strength": 6.084913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.417, "energy": 20.18735, "activity_lines": [ 43.061334, 44.839818, 43.481667, 41.155785 ] }, { "date": "2024-01-26", "close": 36.990002, "volume": 7369552, "typical_volume": 7224494.9, "trend": 38.475667, "fair_value": 36.778426, "relative_strength": -5.033378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.512285, "energy": 18.809594, "activity_lines": [ 40.780668, 43.299273, 43.095096, 41.061699 ] }, { "date": "2024-02-02", "close": 30.67, "volume": 10669404, "typical_volume": 7538966.15, "trend": 38.341333, "fair_value": 36.722385, "relative_strength": -15.551116, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -43.181487, "energy": 43.572392, "activity_lines": [ 36.858001, 40.737819, 42.086239, 40.558108 ] }, { "date": "2024-02-09", "close": 31.25, "volume": 21695163, "typical_volume": 8136835.35, "trend": 38.312333, "fair_value": 36.672636, "relative_strength": -17.405491, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.070134, "energy": 57.186979, "activity_lines": [ 34.274001, 38.518546, 41.134905, 40.100602 ] }, { "date": "2024-02-23", "close": 36.220001, "volume": 14149261, "typical_volume": 8470547.8, "trend": 38.457333, "fair_value": 36.668558, "relative_strength": -8.229611, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.068365, "energy": 54.48296, "activity_lines": [ 34.163334, 37.48291, 40.673715, 39.965613 ] }, { "date": "2024-03-01", "close": 37.25, "volume": 13518215, "typical_volume": 8930177.6, "trend": 38.634333, "fair_value": 36.67375, "relative_strength": -5.825811, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.102995, "energy": 48.357569, "activity_lines": [ 34.880667, 36.927819, 40.310334, 39.887721 ] }, { "date": "2024-03-08", "close": 37.220001, "volume": 9949952, "typical_volume": 9211843.15, "trend": 38.637667, "fair_value": 36.678584, "relative_strength": -6.136468, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.602127, "energy": 23.320421, "activity_lines": [ 35.795334, 36.576182, 39.935667, 39.796473 ] }, { "date": "2024-03-15", "close": 44.619999, "volume": 18247718, "typical_volume": 9881023.5, "trend": 38.960334, "fair_value": 36.748246, "relative_strength": 12.14121, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 20.613474, "energy": 15.323253, "activity_lines": [ 39.161333, 37.692546, 40.260905, 40.18243 ] }, { "date": "2024-03-22", "close": 43.419998, "volume": 7333515, "typical_volume": 9826877.5, "trend": 39.317333, "fair_value": 36.806261, "relative_strength": 9.423526, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.200599, "energy": 19.788047, "activity_lines": [ 41.197333, 38.649454, 40.414524, 40.470151 ] }, { "date": "2024-03-29", "close": 44.990002, "volume": 7110514, "typical_volume": 9496779.55, "trend": 39.797, "fair_value": 36.87681, "relative_strength": 13.624384, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.283229, "energy": 34.09581, "activity_lines": [ 42.945333, 39.893273, 40.696143, 40.836129 ] }, { "date": "2024-04-05", "close": 41.970001, "volume": 6304436, "typical_volume": 9366806.85, "trend": 40.186, "fair_value": 36.920342, "relative_strength": 5.105909, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.873068, "energy": 31.432043, "activity_lines": [ 43.102, 40.560728, 40.681096, 40.976323 ] }, { "date": "2024-04-12", "close": 41.599998, "volume": 5551749, "typical_volume": 9332837.7, "trend": 40.482334, "fair_value": 36.96, "relative_strength": 5.768302, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.234135, "energy": 29.089637, "activity_lines": [ 42.820666, 41.131636, 40.646667, 41.067549 ] }, { "date": "2024-04-19", "close": 35.400002, "volume": 9892640, "typical_volume": 9638528.9, "trend": 40.624, "fair_value": 36.946891, "relative_strength": -10.862344, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.967775, "energy": 7.382772, "activity_lines": [ 40.180667, 40.491455, 40.033381, 40.739656 ] }, { "date": "2024-04-26", "close": 44.389999, "volume": 13843011, "typical_volume": 10030022.0, "trend": 40.944334, "fair_value": 37.008917, "relative_strength": 11.226591, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.981078, "energy": 7.897145, "activity_lines": [ 41.152, 41.399818, 40.315762, 40.982624 ] }, { "date": "2024-05-03", "close": 45.049999, "volume": 4150517, "typical_volume": 9591380.5, "trend": 41.240667, "fair_value": 37.075372, "relative_strength": 12.514936, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.303402, "energy": 13.405495, "activity_lines": [ 42.278666, 42.189273, 40.671762, 41.247506 ] }, { "date": "2024-05-10", "close": 40.779999, "volume": 12777758, "typical_volume": 9624160.4, "trend": 41.417334, "fair_value": 37.105738, "relative_strength": 0.723586, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.046056, "energy": 3.958891, "activity_lines": [ 41.977999, 42.041818, 40.655857, 41.217785 ] }, { "date": "2024-05-17", "close": 43.48, "volume": 11027525, "typical_volume": 9837453.45, "trend": 41.66, "fair_value": 37.157561, "relative_strength": 7.656469, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.384873, "energy": 25.513147, "activity_lines": [ 42.656666, 42.321091, 40.935, 41.35086 ] }, { "date": "2024-05-24", "close": 39.099998, "volume": 8703248, "typical_volume": 9908819.0, "trend": 41.877333, "fair_value": 37.173226, "relative_strength": -0.985588, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.980098, "energy": 11.68464, "activity_lines": [ 41.749999, 41.690181, 40.799285, 41.185699 ] }, { "date": "2024-05-31", "close": 39.450001, "volume": 6447201, "typical_volume": 9968267.35, "trend": 41.895667, "fair_value": 37.19144, "relative_strength": 0.106568, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.490249, "energy": 16.750164, "activity_lines": [ 40.713333, 41.223272, 40.738571, 41.029097 ] }, { "date": "2024-06-07", "close": 39.639999, "volume": 11387443, "typical_volume": 10244852.95, "trend": 41.780667, "fair_value": 37.210873, "relative_strength": 1.977468, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.920057, "energy": 18.212244, "activity_lines": [ 40.069333, 40.86309, 40.715238, 40.88357 ] }, { "date": "2024-06-14", "close": 43.5, "volume": 12030749, "typical_volume": 10607978.55, "trend": 41.720667, "fair_value": 37.260394, "relative_strength": 12.494153, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.310388, "energy": 8.539411, "activity_lines": [ 41.072666, 41.302, 41.077857, 40.994495 ] }, { "date": "2024-06-21", "close": 42.400002, "volume": 8632376, "typical_volume": 10671119.75, "trend": 41.666, "fair_value": 37.300547, "relative_strength": 10.601895, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.439874, "energy": 2.129905, "activity_lines": [ 41.528, 41.513091, 41.320762, 41.038323 ] }, { "date": "2024-06-28", "close": 36.84, "volume": 7443159, "typical_volume": 10509807.5, "trend": 41.437667, "fair_value": 37.296977, "relative_strength": -3.054469, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.645326, "energy": 21.702656, "activity_lines": [ 40.202, 40.698727, 41.008381, 40.726968 ] }, { "date": "2024-07-05", "close": 35.919998, "volume": 5230151, "typical_volume": 9686556.9, "trend": 41.08, "fair_value": 37.286385, "relative_strength": -5.039185, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.414224, "energy": 34.244788, "activity_lines": [ 38.72, 39.690909, 40.579, 40.370989 ] }, { "date": "2024-07-12", "close": 40.860001, "volume": 9157481, "typical_volume": 9436967.9, "trend": 40.697, "fair_value": 37.313664, "relative_strength": 6.777204, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.650318, "energy": 29.85156, "activity_lines": [ 39.12, 39.735273, 40.597857, 40.356796 ] }, { "date": "2024-07-19", "close": 41.759998, "volume": 6743767, "typical_volume": 9098245.5, "trend": 40.464333, "fair_value": 37.347348, "relative_strength": 8.087846, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.798173, "energy": 15.111845, "activity_lines": [ 39.738666, 40.019454, 40.680333, 40.425376 ] }, { "date": "2024-07-26", "close": 36.900002, "volume": 7123312, "typical_volume": 8956913.5, "trend": 40.229, "fair_value": 37.343985, "relative_strength": -1.896639, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.424894, "energy": 24.884138, "activity_lines": [ 38.853333, 39.402182, 40.278476, 40.195419 ] }, { "date": "2024-08-02", "close": 39.849998, "volume": 7140813, "typical_volume": 8401568.25, "trend": 39.962333, "fair_value": 37.362686, "relative_strength": 4.856605, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.518981, "energy": 6.767149, "activity_lines": [ 39.317999, 39.440909, 40.159095, 40.170968 ] }, { "date": "2024-08-09", "close": 38.73, "volume": 7811109, "typical_volume": 8425447.95, "trend": 39.803333, "fair_value": 37.372815, "relative_strength": 3.112161, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.036334, "energy": 9.845, "activity_lines": [ 39.208666, 39.262363, 39.955762, 40.091462 ] }, { "date": "2024-08-16", "close": 38.700001, "volume": 5056404, "typical_volume": 8322742.45, "trend": 39.643667, "fair_value": 37.382573, "relative_strength": 1.994979, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.670285, "energy": 16.41033, "activity_lines": [ 38.902, 39.091454, 39.771905, 40.020279 ] }, { "date": "2024-08-23", "close": 37.330002, "volume": 5865155, "typical_volume": 8300778.4, "trend": 39.542667, "fair_value": 37.38219, "relative_strength": -1.158905, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.461267, "energy": 19.320718, "activity_lines": [ 38.282667, 38.688546, 39.487524, 39.871011 ] }, { "date": "2024-08-30", "close": 37.650002, "volume": 9266005, "typical_volume": 8486491.2, "trend": 39.564667, "fair_value": 37.38413, "relative_strength": -0.388638, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.185359, "energy": 27.809968, "activity_lines": [ 38.065335, 38.456001, 39.255715, 39.748903 ] }, { "date": "2024-09-06", "close": 35.779999, "volume": 6901081, "typical_volume": 8336913.25, "trend": 39.735, "fair_value": 37.37259, "relative_strength": -3.147851, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.873689, "energy": 49.382729, "activity_lines": [ 37.174667, 37.969819, 38.864619, 39.504731 ] }, { "date": "2024-09-13", "close": 36.119999, "volume": 10535105, "typical_volume": 8171517.95, "trend": 39.897333, "fair_value": 37.363643, "relative_strength": -0.414367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.026816, "energy": 51.975057, "activity_lines": [ 36.668667, 37.564727, 38.504095, 39.271505 ] }, { "date": "2024-09-20", "close": 33.349998, "volume": 6018990, "typical_volume": 8264941.6, "trend": 39.801667, "fair_value": 37.335177, "relative_strength": -9.435414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.458851, "energy": 61.659411, "activity_lines": [ 35.413333, 36.652363, 37.919143, 38.849097 ] }, { "date": "2024-09-27", "close": 37.810001, "volume": 12508228, "typical_volume": 8251465.1, "trend": 39.820333, "fair_value": 37.338521, "relative_strength": -9.128618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.757472, "energy": 47.464548, "activity_lines": [ 36.001333, 36.687455, 37.814667, 38.720602 ] }, { "date": "2024-10-04", "close": 43.82, "volume": 5821611, "typical_volume": 7991169.4, "trend": 40.040333, "fair_value": 37.383846, "relative_strength": -2.763576, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.877128, "energy": 6.424227, "activity_lines": [ 38.560666, 37.887091, 38.296714, 38.978645 ] }, { "date": "2024-10-11", "close": 41.5, "volume": 20022486, "typical_volume": 8557131.3, "trend": 39.936333, "fair_value": 37.41243, "relative_strength": -4.715114, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.56042, "energy": 14.642526, "activity_lines": [ 39.935333, 38.539091, 38.55619, 39.072817 ] }, { "date": "2024-10-18", "close": 44.0, "volume": 14591455, "typical_volume": 8964344.0, "trend": 39.955667, "fair_value": 37.457862, "relative_strength": -0.582248, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 24.595657, "energy": 28.484331, "activity_lines": [ 41.762, 39.615636, 39.042333, 39.334989 ] }, { "date": "2024-10-25", "close": 46.0, "volume": 13535037, "typical_volume": 9071723.7, "trend": 39.989333, "fair_value": 37.51637, "relative_strength": 2.297785, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.137569, "energy": 45.916266, "activity_lines": [ 43.73, 40.96, 39.697286, 39.724946 ] }, { "date": "2024-11-01", "close": 48.139999, "volume": 17626836, "typical_volume": 9351528.05, "trend": 40.195, "fair_value": 37.588639, "relative_strength": 7.685775, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.187242, "energy": 74.544228, "activity_lines": [ 45.568, 42.560727, 40.525762, 40.250796 ] }, { "date": "2024-11-08", "close": 46.880001, "volume": 16144536, "typical_volume": 9727136.05, "trend": 40.371, "fair_value": 37.651419, "relative_strength": -0.519711, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.82773, "energy": 73.228612, "activity_lines": [ 46.297333, 43.735818, 41.212143, 40.682086 ] }, { "date": "2024-11-15", "close": 44.709999, "volume": 19922892, "typical_volume": 10351122.7, "trend": 40.681333, "fair_value": 37.698792, "relative_strength": -1.455688, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.7609, "energy": 63.801226, "activity_lines": [ 46.099333, 44.348545, 41.670524, 40.962021 ] }, { "date": "2024-11-22", "close": 45.099998, "volume": 18195326, "typical_volume": 10999381.45, "trend": 40.705, "fair_value": 37.748133, "relative_strength": 1.424949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.858205, "energy": 42.133961, "activity_lines": [ 45.817332, 44.869818, 42.128571, 41.247097 ] }, { "date": "2024-11-29", "close": 48.349998, "volume": 17832223, "typical_volume": 11433118.55, "trend": 40.815, "fair_value": 37.818344, "relative_strength": 6.771314, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.19232, "energy": 41.854694, "activity_lines": [ 46.545332, 45.818726, 42.852428, 41.740322 ] }, { "date": "2024-12-06", "close": 48.200001, "volume": 13485137, "typical_volume": 11770187.05, "trend": 41.062333, "fair_value": 37.886645, "relative_strength": 4.193808, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.771722, "energy": 39.81571, "activity_lines": [ 47.066666, 46.467636, 43.526333, 42.216774 ] }, { "date": "2024-12-13", "close": 45.799999, "volume": 12518338, "typical_volume": 12039938.35, "trend": 41.139666, "fair_value": 37.938366, "relative_strength": -0.05466, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.945197, "energy": 35.130526, "activity_lines": [ 46.783999, 46.491272, 43.941, 42.52243 ] }, { "date": "2024-12-20", "close": 42.830002, "volume": 10528568, "typical_volume": 12209326.1, "trend": 41.264, "fair_value": 37.97013, "relative_strength": -5.356825, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.000932, "energy": 25.428404, "activity_lines": [ 45.583334, 45.938909, 44.030428, 42.631484 ] }, { "date": "2024-12-27", "close": 42.779999, "volume": 8912584, "typical_volume": 12264399.85, "trend": 41.375, "fair_value": 38.001161, "relative_strength": -6.022772, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.743558, "energy": 17.310702, "activity_lines": [ 44.491333, 45.353272, 44.100904, 42.72929 ] }, { "date": "2025-01-03", "close": 40.0, "volume": 8439294, "typical_volume": 12433544.35, "trend": 41.387, "fair_value": 38.013974, "relative_strength": -6.478782, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.250863, "energy": 16.232478, "activity_lines": [ 42.627333, 44.284363, 43.887333, 42.64058 ] }, { "date": "2025-01-10", "close": 38.900002, "volume": 11816989, "typical_volume": 12731136.05, "trend": 41.233667, "fair_value": 37.999872, "relative_strength": -7.47521, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.823472, "energy": 28.744608, "activity_lines": [ 40.953334, 43.124546, 43.562809, 42.480129 ] }, { "date": "2025-01-17", "close": 42.16, "volume": 8075201, "typical_volume": 12671595.85, "trend": 41.225667, "fair_value": 38.014551, "relative_strength": -1.691385, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.327938, "energy": 24.366886, "activity_lines": [ 40.986001, 42.725455, 43.541286, 42.539892 ] }, { "date": "2025-01-24", "close": 41.610001, "volume": 7885597, "typical_volume": 12720821.65, "trend": 41.384667, "fair_value": 38.046282, "relative_strength": -3.090888, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.131536, "energy": 24.53644, "activity_lines": [ 41.078001, 42.312182, 43.445905, 42.564688 ] }, { "date": "2025-01-31", "close": 41.59, "volume": 1032281, "typical_volume": 12245680.45, "trend": 41.573667, "fair_value": 38.075641, "relative_strength": -3.089017, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.832129, "energy": 26.242443, "activity_lines": [ 41.244667, 41.951637, 43.320857, 42.577935 ] }, { "date": "2025-02-07", "close": 41.75, "volume": 6521722, "typical_volume": 12270817.05, "trend": 41.603333, "fair_value": 38.107244, "relative_strength": -4.474149, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.645021, "energy": 9.603495, "activity_lines": [ 41.544, 41.684, 43.185, 42.589312 ] }, { "date": "2025-02-14", "close": 42.360001, "volume": 10602094, "typical_volume": 12175510.35, "trend": 41.623333, "fair_value": 38.132244, "relative_strength": -4.568573, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.861403, "energy": 11.666457, "activity_lines": [ 41.93, 41.647273, 43.067238, 42.638129 ] }, { "date": "2025-02-21", "close": 46.150002, "volume": 16759362, "typical_volume": 12722397.9, "trend": 41.931667, "fair_value": 38.197179, "relative_strength": 2.734352, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.751991, "energy": 24.164438, "activity_lines": [ 43.348668, 42.405819, 43.288762, 42.930172 ] }, { "date": "2025-02-28", "close": 48.049999, "volume": 15477148, "typical_volume": 12495131.0, "trend": 42.205, "fair_value": 38.298846, "relative_strength": 8.499516, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.848412, "energy": 37.846754, "activity_lines": [ 45.134667, 43.503455, 43.680143, 43.324903 ] }, { "date": "2025-03-07", "close": 48.169998, "volume": 12566417, "typical_volume": 12393879.1, "trend": 42.519667, "fair_value": 38.401603, "relative_strength": 6.786906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.904776, "energy": 61.107081, "activity_lines": [ 46.531333, 44.528, 44.051762, 43.709742 ] }, { "date": "2025-03-14", "close": 45.099998, "volume": 9771001, "typical_volume": 12205677.3, "trend": 42.733, "fair_value": 38.482244, "relative_strength": -1.192042, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.265319, "energy": 56.327175, "activity_lines": [ 46.465999, 44.896363, 44.111143, 43.876215 ] }, { "date": "2025-03-21", "close": 46.75, "volume": 12232523, "typical_volume": 11935961.65, "trend": 43.047, "fair_value": 38.57359, "relative_strength": 4.141601, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.303999, "energy": 57.387137, "activity_lines": [ 46.727332, 45.472, 44.331952, 44.135376 ] }, { "date": "2025-03-28", "close": 49.919998, "volume": 16012968, "typical_volume": 11929383.25, "trend": 43.456, "fair_value": 38.684423, "relative_strength": 11.635519, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.234029, "energy": 57.084963, "activity_lines": [ 47.752665, 46.481272, 44.861285, 44.578795 ] }, { "date": "2025-04-04", "close": 52.029999, "volume": 21324110, "typical_volume": 11999444.15, "trend": 43.997666, "fair_value": 38.822756, "relative_strength": 16.360147, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.485063, "energy": 57.933915, "activity_lines": [ 49.229999, 47.73309, 45.577095, 45.131957 ] }, { "date": "2025-04-11", "close": 50.32, "volume": 31962243, "typical_volume": 12687790.0, "trend": 44.471, "fair_value": 38.956987, "relative_strength": 15.84911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.737445, "energy": 53.874563, "activity_lines": [ 49.871999, 48.484545, 46.09519, 45.539849 ] }, { "date": "2025-04-18", "close": 49.0, "volume": 15415473, "typical_volume": 12566952.5, "trend": 44.992667, "fair_value": 39.085192, "relative_strength": 10.942959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.65599, "energy": 50.412429, "activity_lines": [ 49.930666, 48.837272, 46.462714, 45.832043 ] }, { "date": "2025-04-25", "close": 56.599998, "volume": 26046657, "typical_volume": 13195028.5, "trend": 45.619, "fair_value": 39.267308, "relative_strength": 26.929543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.438321, "energy": 65.11199, "activity_lines": [ 52.262666, 50.439999, 47.550952, 46.580903 ] }, { "date": "2025-05-02", "close": 57.91, "volume": 11384069, "typical_volume": 13138315.05, "trend": 46.088666, "fair_value": 39.465128, "relative_strength": 29.920404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.35449, "energy": 66.915767, "activity_lines": [ 54.374666, 52.021999, 48.723952, 47.373871 ] }, { "date": "2025-05-09", "close": 56.380001, "volume": 18003108, "typical_volume": 13512042.05, "trend": 46.584666, "fair_value": 39.66532, "relative_strength": 23.416259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.824741, "energy": 65.121819, "activity_lines": [ 55.444, 53.112, 49.693571, 48.037828 ] }, { "date": "2025-05-16", "close": 56.34, "volume": 17120065, "typical_volume": 13922416.1, "trend": 46.996, "fair_value": 39.8775, "relative_strength": 21.891109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.774112, "energy": 65.642934, "activity_lines": [ 56.21, 54.043272, 50.594857, 48.667204 ] }, { "date": "2025-05-23", "close": 54.720001, "volume": 15869099, "typical_volume": 14293906.35, "trend": 47.286666, "fair_value": 40.095513, "relative_strength": 18.449838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.594431, "energy": 52.992194, "activity_lines": [ 56.034667, 54.531455, 51.277285, 49.165527 ] }, { "date": "2025-05-30", "close": 60.299999, "volume": 22137276, "typical_volume": 14809920.7, "trend": 47.692, "fair_value": 40.34141, "relative_strength": 29.617609, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.06383, "energy": 51.450183, "activity_lines": [ 57.338, 55.859273, 52.421047, 50.005097 ] }, { "date": "2025-06-06", "close": 60.299999, "volume": 18060210, "typical_volume": 15309171.15, "trend": 48.139333, "fair_value": 40.577564, "relative_strength": 27.318312, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.129665, "energy": 50.320597, "activity_lines": [ 58.394666, 56.940727, 53.462904, 50.818516 ] }, { "date": "2025-06-13", "close": 64.089996, "volume": 21321869, "typical_volume": 15980984.75, "trend": 48.785333, "fair_value": 40.834679, "relative_strength": 34.796917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.681796, "energy": 61.042052, "activity_lines": [ 60.555332, 58.522545, 54.779333, 51.847591 ] }, { "date": "2025-06-20", "close": 60.849998, "volume": 15867721, "typical_volume": 16722756.75, "trend": 49.310333, "fair_value": 41.077372, "relative_strength": 27.94029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.628283, "energy": 57.033545, "activity_lines": [ 61.121998, 59.295999, 55.680142, 52.625956 ] }, { "date": "2025-06-27", "close": 59.509998, "volume": 14798274, "typical_volume": 17136584.35, "trend": 49.682333, "fair_value": 41.30032, "relative_strength": 21.949716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.848755, "energy": 47.000454, "activity_lines": [ 60.941331, 59.634362, 56.361618, 53.283999 ] }, { "date": "2025-07-04", "close": 65.800003, "volume": 19239043, "typical_volume": 17568431.8, "trend": 50.269, "fair_value": 41.561795, "relative_strength": 31.767475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.527957, "energy": 53.985224, "activity_lines": [ 62.537999, 60.925272, 57.557571, 54.323849 ] }, { "date": "2025-07-11", "close": 63.799999, "volume": 17535916, "typical_volume": 17607259.5, "trend": 50.869, "fair_value": 41.812756, "relative_strength": 25.641144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.418785, "energy": 47.286258, "activity_lines": [ 63.101333, 61.685272, 58.451428, 55.196817 ] }, { "date": "2025-07-18", "close": 67.949997, "volume": 16896221, "typical_volume": 17678213.15, "trend": 51.706333, "fair_value": 42.076667, "relative_strength": 31.977296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.621265, "energy": 54.551105, "activity_lines": [ 64.814666, 63.092726, 59.656475, 56.298816 ] }, { "date": "2025-07-25", "close": 72.470001, "volume": 24205246, "typical_volume": 18260154.6, "trend": 52.696, "fair_value": 42.370641, "relative_strength": 37.099007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.557065, "energy": 75.228309, "activity_lines": [ 67.777333, 65.111636, 61.197237, 57.638408 ] }, { "date": "2025-08-01", "close": 76.449997, "volume": 17506431, "typical_volume": 18646926.1, "trend": 53.911, "fair_value": 42.690256, "relative_strength": 44.531495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.963033, "energy": 83.729013, "activity_lines": [ 71.291999, 67.560908, 63.001332, 59.170924 ] }, { "date": "2025-08-08", "close": 73.0, "volume": 14087917, "typical_volume": 18739695.8, "trend": 55.047666, "fair_value": 42.99359, "relative_strength": 34.018875, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.389769, "energy": 80.445959, "activity_lines": [ 72.527332, 68.987817, 64.327571, 60.402472 ] }, { "date": "2025-08-15", "close": 85.209999, "volume": 15719407, "typical_volume": 18725017.75, "trend": 56.482666, "fair_value": 43.372115, "relative_strength": 51.952352, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.128728, "energy": 92.133864, "activity_lines": [ 77.352666, 72.403817, 66.691666, 62.348429 ] }, { "date": "2025-08-22", "close": 83.300003, "volume": 15197666, "typical_volume": 18418695.55, "trend": 57.872333, "fair_value": 43.733654, "relative_strength": 41.972941, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.728416, "energy": 87.18893, "activity_lines": [ 80.114, 75.019636, 68.705809, 64.07858 ] }, { "date": "2025-08-29", "close": 76.739998, "volume": 21811930, "typical_volume": 17911179.9, "trend": 59.043999, "fair_value": 44.039487, "relative_strength": 28.630022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.858914, "energy": 60.938901, "activity_lines": [ 79.665333, 76.093454, 69.946285, 65.295849 ] }, { "date": "2025-09-05", "close": 79.18, "volume": 17345144, "typical_volume": 18007663.45, "trend": 60.291666, "fair_value": 44.359679, "relative_strength": 33.005397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.857251, "energy": 57.274203, "activity_lines": [ 79.745333, 77.322, 71.293333, 66.594946 ] }, { "date": "2025-09-12", "close": 74.879997, "volume": 19494830, "typical_volume": 17680072.1, "trend": 61.375666, "fair_value": 44.649295, "relative_strength": 22.987726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.316607, "energy": 45.198921, "activity_lines": [ 78.209999, 77.41109, 72.087142, 67.536128 ] }, { "date": "2025-09-19", "close": 69.970001, "volume": 13340874, "typical_volume": 17777912.35, "trend": 62.169666, "fair_value": 44.902884, "relative_strength": 15.576481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.951066, "energy": 26.569861, "activity_lines": [ 74.912666, 76.442363, 72.326285, 68.090601 ] }, { "date": "2025-09-26", "close": 70.419998, "volume": 11977895, "typical_volume": 17476651.7, "trend": 62.915333, "fair_value": 45.152884, "relative_strength": 15.216422, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.632983, "energy": 20.830612, "activity_lines": [ 72.781332, 75.443272, 72.550856, 68.622881 ] }, { "date": "2025-10-03", "close": 72.43, "volume": 4764781, "typical_volume": 16858887.5, "trend": 63.723999, "fair_value": 45.411666, "relative_strength": 16.064679, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.544889, "energy": 21.865787, "activity_lines": [ 72.178666, 74.764727, 72.899999, 69.23673 ] }, { "date": "2025-10-10", "close": 67.779999, "volume": 4646569, "typical_volume": 16297761.0, "trend": 64.479999, "fair_value": 45.651025, "relative_strength": 7.637174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.829581, "energy": 19.043304, "activity_lines": [ 70.313333, 73.241454, 72.729666, 69.498408 ] }, { "date": "2025-10-17", "close": 65.449997, "volume": 17324660, "typical_volume": 16057130.2, "trend": 65.103333, "fair_value": 45.869038, "relative_strength": 5.042942, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.200584, "energy": 13.225545, "activity_lines": [ 68.431332, 71.452181, 72.275237, 69.560988 ] }, { "date": "2025-10-24", "close": 60.470001, "volume": 29766236, "typical_volume": 16642431.5, "trend": 65.454999, "fair_value": 46.047692, "relative_strength": -5.818344, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.153368, "energy": 23.903585, "activity_lines": [ 65.517999, 68.894726, 71.321999, 69.262064 ] }, { "date": "2025-10-31", "close": 63.700001, "volume": 21229125, "typical_volume": 16637794.3, "trend": 65.843999, "fair_value": 46.236923, "relative_strength": -1.063207, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.668271, "energy": 35.596365, "activity_lines": [ 64.314667, 67.374363, 70.675571, 69.148838 ] }, { "date": "2025-11-07", "close": 59.77, "volume": 18811747, "typical_volume": 16784995.6, "trend": 66.158999, "fair_value": 46.374487, "relative_strength": -8.308914, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.721879, "energy": 50.803839, "activity_lines": [ 62.249333, 65.495818, 69.656714, 68.756967 ] }, { "date": "2025-11-14", "close": 65.25, "volume": 18268312, "typical_volume": 16958497.5, "trend": 66.700666, "fair_value": 46.555256, "relative_strength": -0.070093, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.534951, "energy": 43.785843, "activity_lines": [ 62.854667, 64.922182, 69.164904, 68.698322 ] }, { "date": "2025-11-21", "close": 62.18, "volume": 15846467, "typical_volume": 16788868.7, "trend": 66.886666, "fair_value": 46.68532, "relative_strength": -1.187808, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.664086, "energy": 32.628516, "activity_lines": [ 62.605334, 64.043636, 68.353381, 68.406666 ] }, { "date": "2025-11-28", "close": 64.5, "volume": 12510671, "typical_volume": 16537606.45, "trend": 67.106333, "fair_value": 46.865641, "relative_strength": 0.840875, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.524107, "energy": 25.657374, "activity_lines": [ 63.347333, 63.817818, 67.780047, 68.252688 ] }, { "date": "2025-12-05", "close": 62.939999, "volume": 11155360, "typical_volume": 16250563.4, "trend": 67.324999, "fair_value": 47.03641, "relative_strength": -2.181395, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.913985, "energy": 21.520881, "activity_lines": [ 63.300666, 63.407818, 67.054809, 67.983892 ] }, { "date": "2025-12-12", "close": 62.099998, "volume": 15052193, "typical_volume": 15792910.75, "trend": 67.516999, "fair_value": 47.212307, "relative_strength": -3.430367, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.607943, "energy": 22.495132, "activity_lines": [ 63.024666, 62.98109, 66.273428, 67.646795 ] }, { "date": "2025-12-19", "close": 58.5, "volume": 9242184, "typical_volume": 15379698.4, "trend": 67.642999, "fair_value": 47.361346, "relative_strength": -9.299158, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.591348, "energy": 50.885886, "activity_lines": [ 61.393333, 62.087636, 65.198571, 67.065053 ] }, { "date": "2025-12-26", "close": 58.139999, "volume": 7759586, "typical_volume": 15063281.85, "trend": 67.570999, "fair_value": 47.487051, "relative_strength": -11.736361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.776123, "energy": 62.234747, "activity_lines": [ 60.091999, 61.297454, 64.174904, 66.451956 ] }, { "date": "2026-01-02", "close": 57.599998, "volume": 6346574, "typical_volume": 14594640.2, "trend": 67.480999, "fair_value": 47.615256, "relative_strength": -12.877297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.515449, "energy": 67.606167, "activity_lines": [ 58.879999, 60.541999, 63.170571, 65.808666 ] }, { "date": "2026-01-09", "close": 66.790001, "volume": 20104355, "typical_volume": 14839974.65, "trend": 67.570999, "fair_value": 47.801154, "relative_strength": -3.13326, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.492142, "energy": 35.08877, "activity_lines": [ 61.191333, 61.509636, 63.172952, 65.764085 ] }, { "date": "2026-01-16", "close": 67.889999, "volume": 22078849, "typical_volume": 14853320.6, "trend": 67.805666, "fair_value": 47.983974, "relative_strength": -1.494931, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.674596, "energy": 14.350652, "activity_lines": [ 63.612666, 62.62109, 63.358714, 65.784666 ] }, { "date": "2026-01-23", "close": 60.0, "volume": 15833865, "typical_volume": 14777756.65, "trend": 67.822, "fair_value": 48.115769, "relative_strength": -13.832826, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.986908, "energy": 21.077343, "activity_lines": [ 63.018, 62.150363, 62.83519, 65.281075 ] }, { "date": "2026-01-30", "close": 57.0, "volume": 13575652, "typical_volume": 14481797.75, "trend": 67.528666, "fair_value": 48.169038, "relative_strength": -17.877327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.564351, "energy": 24.436529, "activity_lines": [ 61.323333, 61.229636, 62.117285, 64.582881 ] }, { "date": "2026-02-06", "close": 53.0, "volume": 11492624, "typical_volume": 14389385.25, "trend": 67.168666, "fair_value": 48.184936, "relative_strength": -22.691974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.88476, "energy": 51.463829, "activity_lines": [ 58.371333, 59.675818, 61.103571, 63.645548 ] }, { "date": "2026-02-13", "close": 53.849998, "volume": 8860539, "typical_volume": 14233517.45, "trend": 66.698666, "fair_value": 48.192628, "relative_strength": -21.817106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.67484, "energy": 73.3885, "activity_lines": [ 56.009333, 58.485636, 60.251618, 62.786279 ] }, { "date": "2026-02-27", "close": 50.900002, "volume": 8271559, "typical_volume": 14408856.35, "trend": 65.979666, "fair_value": 48.193846, "relative_strength": -27.416285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.170429, "energy": 81.061206, "activity_lines": [ 53.526667, 56.924364, 59.197619, 61.76701 ] }, { "date": "2026-03-06", "close": 50.75, "volume": 13223632, "typical_volume": 14837709.5, "trend": 65.123, "fair_value": 48.192243, "relative_strength": -26.770455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.02949, "energy": 81.290149, "activity_lines": [ 52.126667, 55.539454, 58.231857, 60.784451 ] }, { "date": "2026-03-13", "close": 48.23, "volume": 12072571, "typical_volume": 14575105.05, "trend": 64.297333, "fair_value": 48.192115, "relative_strength": -29.7166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.89616, "energy": 82.056249, "activity_lines": [ 50.503333, 53.837273, 57.10719, 59.69458 ] }, { "date": "2026-03-20", "close": 48.639999, "volume": 11902650, "typical_volume": 13681925.75, "trend": 63.078333, "fair_value": 48.200833, "relative_strength": -26.564532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.272077, "energy": 75.681086, "activity_lines": [ 49.601333, 52.389818, 56.103571, 58.68443 ] }, { "date": "2026-03-27", "close": 56.0, "volume": 36203911, "typical_volume": 14430665.05, "trend": 62.168333, "fair_value": 48.256923, "relative_strength": -14.557289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.671189, "energy": 47.749193, "activity_lines": [ 51.443333, 52.443454, 55.857238, 58.227763 ] }, { "date": "2026-04-03", "close": 57.5, "volume": 26335199, "typical_volume": 14806837.65, "trend": 61.527, "fair_value": 48.318718, "relative_strength": -11.500542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.423638, "energy": 31.46201, "activity_lines": [ 53.642, 52.966, 55.790428, 57.92658 ] }, { "date": "2026-04-10", "close": 55.380001, "volume": 14819255, "typical_volume": 14634384.8, "trend": 60.733666, "fair_value": 48.376666, "relative_strength": -16.872822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.192057, "energy": 19.888061, "activity_lines": [ 54.694, 53.292, 55.532524, 57.53 ] }, { "date": "2026-04-17", "close": 59.060001, "volume": 21956732, "typical_volume": 14939898.05, "trend": 60.206333, "fair_value": 48.483654, "relative_strength": -12.679054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.123904, "energy": 21.258157, "activity_lines": [ 56.664001, 54.371091, 55.672095, 57.422021 ] }, { "date": "2026-04-24", "close": 55.599998, "volume": 17234919, "typical_volume": 15176110.45, "trend": 59.727333, "fair_value": 48.516346, "relative_strength": -18.243553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.819077, "energy": 20.685468, "activity_lines": [ 56.758666, 54.783636, 55.497, 57.124838 ] }, { "date": "2026-05-01", "close": 56.700001, "volume": 12463404, "typical_volume": 15241512.65, "trend": 59.27, "fair_value": 48.533654, "relative_strength": -16.95544, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.29142, "energy": 16.878636, "activity_lines": [ 56.756, 55.348909, 55.469048, 56.929527 ] }, { "date": "2026-05-08", "close": 54.32, "volume": 11437818, "typical_volume": 15060793.9, "trend": 58.666333, "fair_value": 48.546602, "relative_strength": -21.306388, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.679331, "energy": 13.02728, "activity_lines": [ 55.913333, 55.429636, 55.244143, 56.610172 ] }, { "date": "2026-05-15", "close": 53.32, "volume": 21909610, "typical_volume": 15694165.2, "trend": 58.184333, "fair_value": 48.545128, "relative_strength": -21.55944, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.217348, "energy": 19.745503, "activity_lines": [ 54.949333, 55.266364, 54.961048, 56.265247 ] }, { "date": "2026-05-22", "close": 54.560001, "volume": 25347709, "typical_volume": 16573571.35, "trend": 57.821333, "fair_value": 48.567564, "relative_strength": -18.967831, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.05353, "energy": 17.909429, "activity_lines": [ 54.536, 55.281818, 54.820714, 56.031419 ] }, { "date": "2026-05-29", "close": 55.529999, "volume": 22404447, "typical_volume": 17376465.0, "trend": 57.656667, "fair_value": 48.63532, "relative_strength": -16.363946, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.737568, "energy": 17.742478, "activity_lines": [ 54.746, 55.358545, 54.78981, 55.883591 ] }, { "date": "2026-06-05", "close": 39.490002, "volume": 5966467, "typical_volume": 16669570.6, "trend": 56.849667, "fair_value": 48.6, "relative_strength": -39.332595, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -78.324821, "energy": 62.568614, "activity_lines": [ 49.614001, 52.393637, 53.241143, 54.711548 ] }, { "date": "2026-06-12", "close": 38.75, "volume": 9538747, "typical_volume": 16042565.5, "trend": 56.149, "fair_value": 48.551731, "relative_strength": -39.939149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.841138, "energy": 77.039032, "activity_lines": [ 45.382667, 49.594364, 51.752, 53.543828 ] }, { "date": "2026-06-19", "close": 37.959999, "volume": 22406133, "typical_volume": 16371178.9, "trend": 55.239333, "fair_value": 48.510449, "relative_strength": -41.328024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.607351, "energy": 82.824324, "activity_lines": [ 41.926, 46.992364, 50.326381, 52.370344 ] }, { "date": "2026-06-26", "close": 36.490002, "volume": 7492209, "typical_volume": 16067006.75, "trend": 54.383, "fair_value": 48.489808, "relative_strength": -42.077443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.754957, "energy": 88.142223, "activity_lines": [ 39.003334, 44.439819, 48.865715, 51.16071 ] }, { "date": "2026-07-03", "close": 48.48, "volume": 14735489, "typical_volume": 16229150.0, "trend": 53.849, "fair_value": 48.56141, "relative_strength": -22.845525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.381423, "energy": 73.640381, "activity_lines": [ 41.282, 44.477637, 48.644619, 50.779871 ] }, { "date": "2026-07-10", "close": 46.759998, "volume": 48334385, "typical_volume": 18202842.3, "trend": 53.309667, "fair_value": 48.629295, "relative_strength": -24.017041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.583148, "energy": 42.843689, "activity_lines": [ 43.457333, 44.332182, 48.281238, 50.322516 ] }, { "date": "2026-07-17", "close": 61.419998, "volume": 86278549, "typical_volume": 22103191.8, "trend": 53.287, "fair_value": 48.800577, "relative_strength": 6.202878, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.141342, "energy": 11.802894, "activity_lines": [ 50.034666, 47.032909, 49.347809, 50.845763 ] }, { "date": "2026-07-24", "close": 55.599998, "volume": 85995788, "typical_volume": 25741799.6, "trend": 53.190333, "fair_value": 48.95109, "relative_strength": -4.566817, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.169081, "energy": 23.749717, "activity_lines": [ 53.160665, 48.546363, 49.81, 50.994989 ] }, { "date": "2026-07-31", "close": 51.049999, "volume": 45847882, "typical_volume": 27430565.15, "trend": 52.954, "fair_value": 49.074038, "relative_strength": -12.031476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 1.288015, "energy": 19.026745, "activity_lines": [ 53.593998, 49.19109, 49.815761, 50.856903 ] }, { "date": "2026-08-07", "close": 56.0, "volume": 51886409, "typical_volume": 29429753.1, "trend": 52.900667, "fair_value": 49.228269, "relative_strength": -5.26767, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.844693, "energy": 26.02424, "activity_lines": [ 54.706666, 50.799636, 50.279523, 51.053419 ] } ], "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." } } }