{ "ticker": { "uuid": "a9be0ff2-6c62-4294-ae3b-1ca22f708557", "symbol": "1539", "name": "Chiu Ting Machinery Co., Ltd.", "exchange": "TAI", "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": 69.623, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -22.022, "architecture_energy": 10.312, "architecture_maturity": 20.553, "architecture_confidence": 73.452, "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": 60.34, "rotation_up": 20.02, "upward_expansion": 22.27, "deceleration": 49.83, "rotation_down": 30.99, "downward_expansion": 48.94 }, "activity_lines": [ 16.07, 16.021818, 15.999047, 16.193118 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 16.049999, "trend_reference": 16.678333, "distance_from_trend": -0.037674, "trend_direction": "Weakening", "fair_value": 20.498487, "distance_from_fair_value": -0.217015, "fair_value_direction": "Improving", "relative_strength": -33.687894, "relative_strength_direction": "Improving", "price_momentum": -0.10585, "excess_performance": -0.547222, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.037674, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.022468, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.217015, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.048216, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.336879, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.076291, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.10585, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.004985, "read": "Demand-led" } ], "volume": { "latest": 419754, "relative_activity": 0.795079, "balance": 1.004985, "dry_up": 0.790222, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.051761, "annualized_volatility": 0.172793, "from_high_reference": -0.270455, "from_low_reference": 0.066445 }, "levels": { "trend_reference": 16.678333, "fair_value_reference": 20.498487, "structural_low": 15.05, "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": 14, "median_return": -0.000502, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.033564, "regime_survival": 0.5, "best_return": 0.28008, "worst_return": -0.059423, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.045833, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.045291, "regime_survival": 0.0, "best_return": 0.063037, "worst_return": -0.090909, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.031701, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.129952, "regime_survival": 0.25, "best_return": 0.346705, "worst_return": -0.081037, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.06435, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.314046, "regime_survival": 0.0, "best_return": 0.849714, "worst_return": -0.134066, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-22", "end": "2023-12-29", "tenure": "New", "return": 0.002058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-05", "end": "2024-03-08", "tenure": "Developing", "return": 0.064583, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-05-03", "tenure": "Developing", "return": -0.006, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-08-02", "tenure": "Established", "return": 0.01073, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-08-16", "tenure": "New", "return": 0.051948, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-08-23", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-10-18", "tenure": "Developing", "return": -0.013605, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-12-06", "tenure": "Developing", "return": -0.199659, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-13", "end": "2025-01-10", "tenure": "Developing", "return": -0.022421, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2026-01-09", "tenure": "Extended", "return": -0.201112, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-27", "tenure": "Developing", "return": -0.076531, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-04-03", "tenure": "Developing", "return": -0.052632, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-07-24", "tenure": "Established", "return": -0.006116, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": 0.003125, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 23.301386, "volume": 782316, "typical_volume": 1467285.6, "trend": 24.679377, "fair_value": 20.08942, "relative_strength": -17.995763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.556922, "energy": 49.471168, "activity_lines": [ 23.618295, 23.806074, 24.015644, 24.401898 ] }, { "date": "2023-08-18", "close": 24.489798, "volume": 1555493, "typical_volume": 1333593.65, "trend": 24.720405, "fair_value": 20.148877, "relative_strength": -12.450673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.188461, "energy": 19.917311, "activity_lines": [ 23.909739, 23.896362, 24.021303, 24.389667 ] }, { "date": "2023-08-25", "close": 23.980476, "volume": 1716656, "typical_volume": 1370976.45, "trend": 24.735968, "fair_value": 20.202496, "relative_strength": -13.732175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.554167, "energy": 17.906991, "activity_lines": [ 23.9635, 23.888645, 23.991391, 24.34193 ] }, { "date": "2023-09-01", "close": 22.490427, "volume": 1209111, "typical_volume": 1305270.6, "trend": 24.672152, "fair_value": 20.254025, "relative_strength": -18.658581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.471683, "energy": 36.778458, "activity_lines": [ 23.489453, 23.625444, 23.832908, 24.197056 ] }, { "date": "2023-09-08", "close": 22.211042, "volume": 596010, "typical_volume": 1186961.95, "trend": 24.596193, "fair_value": 20.285236, "relative_strength": -18.237731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.809422, "energy": 46.947566, "activity_lines": [ 23.015955, 23.350113, 23.665827, 24.038275 ] }, { "date": "2023-09-15", "close": 22.164478, "volume": 669002, "typical_volume": 1154046.1, "trend": 24.50312, "fair_value": 20.319236, "relative_strength": -19.261758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.721336, "energy": 72.352297, "activity_lines": [ 22.639239, 23.100802, 23.50496, 23.88139 ] }, { "date": "2023-09-22", "close": 21.698837, "volume": 389840, "typical_volume": 1137685.5, "trend": 24.397355, "fair_value": 20.349675, "relative_strength": -17.432815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.234435, "energy": 79.589461, "activity_lines": [ 22.183104, 22.802163, 23.311426, 23.700468 ] }, { "date": "2023-09-29", "close": 21.978222, "volume": 221337, "typical_volume": 1073993.15, "trend": 24.214602, "fair_value": 20.380032, "relative_strength": -15.720233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.66291, "energy": 76.798668, "activity_lines": [ 22.00616, 22.586544, 23.157588, 23.544395 ] }, { "date": "2023-10-06", "close": 22.024788, "volume": 264397, "typical_volume": 1033912.95, "trend": 24.061696, "fair_value": 20.387403, "relative_strength": -15.715426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.298383, "energy": 71.983247, "activity_lines": [ 21.978222, 22.407308, 23.015294, 23.403117 ] }, { "date": "2023-10-13", "close": 22.024788, "volume": 208131, "typical_volume": 1002332.1, "trend": 23.958307, "fair_value": 20.414847, "relative_strength": -16.49878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.293518, "energy": 60.156244, "activity_lines": [ 21.981327, 22.262087, 22.881302, 23.271704 ] }, { "date": "2023-10-20", "close": 20.674431, "volume": 423029, "typical_volume": 982580.9, "trend": 23.744827, "fair_value": 20.428549, "relative_strength": -19.475543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.276127, "energy": 63.266108, "activity_lines": [ 21.54673, 21.905361, 22.626199, 23.059841 ] }, { "date": "2023-10-27", "close": 20.720995, "volume": 168367, "typical_volume": 940603.2, "trend": 23.528654, "fair_value": 20.438268, "relative_strength": -17.337967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.079902, "energy": 69.267192, "activity_lines": [ 21.226991, 21.604864, 22.391678, 22.864755 ] }, { "date": "2023-11-03", "close": 20.395046, "volume": 309010, "typical_volume": 750672.25, "trend": 23.315765, "fair_value": 20.459546, "relative_strength": -19.974749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.820447, "energy": 81.542259, "activity_lines": [ 20.863791, 21.313627, 22.142645, 22.662586 ] }, { "date": "2023-11-10", "close": 21.885096, "volume": 1298001, "typical_volume": 784470.85, "trend": 23.169521, "fair_value": 20.490644, "relative_strength": -14.220093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.681509, "energy": 56.645102, "activity_lines": [ 21.10282, 21.358498, 22.056638, 22.570285 ] }, { "date": "2023-11-17", "close": 21.885096, "volume": 835200, "typical_volume": 775729.9, "trend": 23.084112, "fair_value": 20.527629, "relative_strength": -16.197465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.551365, "energy": 45.737523, "activity_lines": [ 21.351162, 21.414376, 21.983641, 22.487419 ] }, { "date": "2023-11-24", "close": 22.630119, "volume": 781196, "typical_volume": 745838.85, "trend": 23.017879, "fair_value": 20.569658, "relative_strength": -13.114116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.333302, "energy": 22.044624, "activity_lines": [ 21.857157, 21.611638, 21.992183, 22.458129 ] }, { "date": "2023-12-01", "close": 22.676683, "volume": 509359, "typical_volume": 702756.8, "trend": 22.958856, "fair_value": 20.611183, "relative_strength": -13.166177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.630631, "energy": 26.660583, "activity_lines": [ 22.248294, 21.8089, 22.012196, 22.436117 ] }, { "date": "2023-12-08", "close": 22.956068, "volume": 1109600, "typical_volume": 719178.4, "trend": 22.941687, "fair_value": 20.653695, "relative_strength": -11.193538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.088253, "energy": 23.767075, "activity_lines": [ 22.602181, 22.03918, 22.0626, 22.435937 ] }, { "date": "2023-12-15", "close": 22.909504, "volume": 338120, "typical_volume": 694709.4, "trend": 22.913061, "fair_value": 20.691895, "relative_strength": -12.277537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.086984, "energy": 26.716137, "activity_lines": [ 22.769812, 22.243215, 22.111224, 22.43386 ] }, { "date": "2023-12-22", "close": 22.630119, "volume": 249169, "typical_volume": 681667.2, "trend": 22.880783, "fair_value": 20.730712, "relative_strength": -12.435036, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 0.95016, "energy": 22.469362, "activity_lines": [ 22.77602, 22.380367, 22.137936, 22.415606 ] }, { "date": "2023-12-29", "close": 22.676683, "volume": 280184, "typical_volume": 656560.6, "trend": 22.834493, "fair_value": 20.774378, "relative_strength": -13.337572, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": 0.088529, "energy": 18.175036, "activity_lines": [ 22.748081, 22.514979, 22.175109, 22.402438 ] }, { "date": "2024-01-05", "close": 22.350735, "volume": 322160, "typical_volume": 594893.95, "trend": 22.773095, "fair_value": 20.812742, "relative_strength": -12.064546, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -4.827481, "energy": 12.029369, "activity_lines": [ 22.608389, 22.553924, 22.184213, 22.371228 ] }, { "date": "2024-01-12", "close": 22.211042, "volume": 238610, "typical_volume": 520991.65, "trend": 22.685818, "fair_value": 20.849676, "relative_strength": -12.043867, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.654564, "energy": 11.163911, "activity_lines": [ 22.443863, 22.537838, 22.1902, 22.334967 ] }, { "date": "2024-01-19", "close": 21.466019, "volume": 261010, "typical_volume": 473586.6, "trend": 22.580781, "fair_value": 20.883172, "relative_strength": -15.404695, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.314504, "energy": 27.901875, "activity_lines": [ 22.080664, 22.353275, 22.133658, 22.25627 ] }, { "date": "2024-01-26", "close": 22.909504, "volume": 1215000, "typical_volume": 504536.1, "trend": 22.540838, "fair_value": 20.930204, "relative_strength": -10.929127, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.093526, "energy": 12.497979, "activity_lines": [ 22.294858, 22.438783, 22.219469, 22.277478 ] }, { "date": "2024-02-02", "close": 22.397299, "volume": 572553, "typical_volume": 499713.65, "trend": 22.483821, "fair_value": 20.972881, "relative_strength": -12.853604, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.768311, "energy": 14.531759, "activity_lines": [ 22.319692, 22.412538, 22.253173, 22.268217 ] }, { "date": "2024-02-09", "close": 22.024788, "volume": 157000, "typical_volume": 488071.65, "trend": 22.435608, "fair_value": 21.018523, "relative_strength": -14.062951, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.675135, "energy": 14.355621, "activity_lines": [ 22.238982, 22.322797, 22.25029, 22.238602 ] }, { "date": "2024-02-16", "close": 22.956068, "volume": 377144, "typical_volume": 495862.0, "trend": 22.417024, "fair_value": 21.069064, "relative_strength": -12.439932, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.485325, "energy": 17.067756, "activity_lines": [ 22.490428, 22.414232, 22.334549, 22.27218 ] }, { "date": "2024-02-23", "close": 22.350735, "volume": 864850, "typical_volume": 525884.65, "trend": 22.365529, "fair_value": 21.113584, "relative_strength": -15.535961, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.660086, "energy": 8.875844, "activity_lines": [ 22.490428, 22.395606, 22.3565, 22.267904 ] }, { "date": "2024-03-01", "close": 22.257607, "volume": 391239, "typical_volume": 535040.05, "trend": 22.310929, "fair_value": 21.156972, "relative_strength": -15.417493, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.919793, "energy": 6.416792, "activity_lines": [ 22.400404, 22.370208, 22.36803, 22.260941 ] }, { "date": "2024-03-08", "close": 23.79422, "volume": 4239806, "typical_volume": 725878.9, "trend": 22.327357, "fair_value": 21.207801, "relative_strength": -12.843173, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.619281, "energy": 50.436936, "activity_lines": [ 22.866044, 22.630966, 22.524796, 22.356637 ] }, { "date": "2024-03-15", "close": 23.282015, "volume": 2942168, "typical_volume": 864568.95, "trend": 22.287098, "fair_value": 21.258023, "relative_strength": -13.741138, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.189552, "energy": 44.474476, "activity_lines": [ 23.067821, 22.778278, 22.617924, 22.418228 ] }, { "date": "2024-03-22", "close": 22.86294, "volume": 861758, "typical_volume": 892206.35, "trend": 22.249846, "fair_value": 21.304221, "relative_strength": -16.914252, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.940781, "energy": 41.915758, "activity_lines": [ 23.046091, 22.832461, 22.658945, 22.455379 ] }, { "date": "2024-03-29", "close": 22.816374, "volume": 663256, "typical_volume": 860469.1, "trend": 22.260711, "fair_value": 21.350387, "relative_strength": -16.657771, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.714857, "energy": 42.856519, "activity_lines": [ 23.015048, 22.866326, 22.683779, 22.491929 ] }, { "date": "2024-04-05", "close": 23.375143, "volume": 927576, "typical_volume": 865087.9, "trend": 22.299515, "fair_value": 21.387022, "relative_strength": -14.134705, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.313439, "energy": 29.175383, "activity_lines": [ 23.139219, 22.977233, 22.757394, 22.563828 ] }, { "date": "2024-04-12", "close": 23.142324, "volume": 1301539, "typical_volume": 891105.05, "trend": 22.33211, "fair_value": 21.419488, "relative_strength": -15.981809, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.990842, "energy": 24.785347, "activity_lines": [ 23.111281, 23.037343, 22.801741, 22.618203 ] }, { "date": "2024-04-19", "close": 21.978222, "volume": 1099210, "typical_volume": 920597.6, "trend": 22.341422, "fair_value": 21.448507, "relative_strength": -14.721143, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.267234, "energy": 9.345905, "activity_lines": [ 22.738768, 22.872252, 22.732782, 22.595371 ] }, { "date": "2024-04-26", "close": 22.490427, "volume": 792000, "typical_volume": 904717.6, "trend": 22.358496, "fair_value": 21.476526, "relative_strength": -14.732931, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.530474, "energy": 11.991586, "activity_lines": [ 22.62391, 22.801136, 22.71593, 22.604985 ] }, { "date": "2024-05-03", "close": 23.142324, "volume": 721326, "typical_volume": 923877.9, "trend": 22.395747, "fair_value": 21.514345, "relative_strength": -12.620566, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.337285, "energy": 16.170176, "activity_lines": [ 22.751186, 22.857013, 22.763381, 22.655554 ] }, { "date": "2024-05-10", "close": 21.698837, "volume": 1003515, "typical_volume": 961595.2, "trend": 22.384882, "fair_value": 21.545319, "relative_strength": -19.010909, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.10908, "energy": 15.127246, "activity_lines": [ 22.375569, 22.636045, 22.672248, 22.610592 ] }, { "date": "2024-05-17", "close": 22.117916, "volume": 566124, "typical_volume": 975892.2, "trend": 22.432998, "fair_value": 21.579783, "relative_strength": -19.064989, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.344081, "energy": 15.842625, "activity_lines": [ 22.251398, 22.501433, 22.625463, 22.593369 ] }, { "date": "2024-05-24", "close": 21.791967, "volume": 450000, "typical_volume": 982284.2, "trend": 22.468697, "fair_value": 21.626609, "relative_strength": -20.896288, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.590486, "energy": 29.677406, "activity_lines": [ 22.086872, 22.338036, 22.550295, 22.552012 ] }, { "date": "2024-05-31", "close": 22.071352, "volume": 426005, "typical_volume": 991653.95, "trend": 22.524574, "fair_value": 21.673887, "relative_strength": -17.910305, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.071456, "energy": 31.010098, "activity_lines": [ 22.027892, 22.252527, 22.504396, 22.526377 ] }, { "date": "2024-06-07", "close": 22.071352, "volume": 587100, "typical_volume": 1007958.45, "trend": 22.530783, "fair_value": 21.720631, "relative_strength": -19.967059, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.845332, "energy": 39.430882, "activity_lines": [ 21.996849, 22.181412, 22.459163, 22.497136 ] }, { "date": "2024-06-14", "close": 21.931658, "volume": 495132, "typical_volume": 971965.05, "trend": 22.532335, "fair_value": 21.766479, "relative_strength": -22.210288, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.681855, "energy": 39.828749, "activity_lines": [ 21.99064, 22.098443, 22.397743, 22.458483 ] }, { "date": "2024-06-21", "close": 22.071352, "volume": 628015, "typical_volume": 974738.15, "trend": 22.513709, "fair_value": 21.808672, "relative_strength": -23.670696, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.894287, "energy": 28.969272, "activity_lines": [ 22.015475, 22.067118, 22.354283, 22.428742 ] }, { "date": "2024-06-28", "close": 22.397299, "volume": 1085125, "typical_volume": 1021144.4, "trend": 22.504396, "fair_value": 21.853491, "relative_strength": -21.248386, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.220962, "energy": 17.318245, "activity_lines": [ 22.152062, 22.114529, 22.343418, 22.421232 ] }, { "date": "2024-07-05", "close": 22.630119, "volume": 865350, "typical_volume": 1045554.7, "trend": 22.493531, "fair_value": 21.90221, "relative_strength": -21.607536, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.620046, "energy": 11.895755, "activity_lines": [ 22.325901, 22.196651, 22.352952, 22.429343 ] }, { "date": "2024-07-12", "close": 22.164478, "volume": 810035, "typical_volume": 1042813.95, "trend": 22.468697, "fair_value": 21.948213, "relative_strength": -23.862057, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.2941, "energy": 15.285389, "activity_lines": [ 22.307275, 22.191571, 22.319692, 22.408114 ] }, { "date": "2024-07-19", "close": 21.978222, "volume": 1612564, "typical_volume": 1103880.2, "trend": 22.446967, "fair_value": 21.99195, "relative_strength": -20.51624, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.466994, "energy": 16.991715, "activity_lines": [ 22.220355, 22.170405, 22.269581, 22.37647 ] }, { "date": "2024-07-26", "close": 21.652275, "volume": 317073, "typical_volume": 907743.55, "trend": 22.41282, "fair_value": 22.032528, "relative_strength": -18.517566, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.559778, "energy": 30.940901, "activity_lines": [ 22.021682, 22.084897, 22.189757, 22.3252 ] }, { "date": "2024-08-02", "close": 21.931658, "volume": 429024, "typical_volume": 782086.35, "trend": 22.398851, "fair_value": 22.078376, "relative_strength": -15.080374, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.343733, "energy": 37.971771, "activity_lines": [ 21.944075, 22.058651, 22.14674, 22.294157 ] }, { "date": "2024-08-09", "close": 21.512583, "volume": 1439355, "typical_volume": 810966.2, "trend": 22.375569, "fair_value": 22.12127, "relative_strength": -15.500276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.23987, "energy": 45.781956, "activity_lines": [ 21.75782, 21.953671, 22.070242, 22.236979 ] }, { "date": "2024-08-16", "close": 22.630119, "volume": 1420388, "typical_volume": 848822.8, "trend": 22.414373, "fair_value": 22.171863, "relative_strength": -13.938699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.012407, "energy": 19.67436, "activity_lines": [ 22.018578, 22.062038, 22.106606, 22.253401 ] }, { "date": "2024-08-23", "close": 22.583555, "volume": 920553, "typical_volume": 848471.65, "trend": 22.403508, "fair_value": 22.224031, "relative_strength": -12.752938, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.360901, "energy": 6.78252, "activity_lines": [ 22.232773, 22.151779, 22.139423, 22.264316 ] }, { "date": "2024-08-30", "close": 28.07427, "volume": 5692714, "typical_volume": 1068030.4, "trend": 22.59274, "fair_value": 22.313001, "relative_strength": 8.084319, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.51846, "energy": 78.221329, "activity_lines": [ 24.23685, 23.22798, 22.698934, 22.630172 ] }, { "date": "2024-09-06", "close": 32.084881, "volume": 83041571, "typical_volume": 5165148.45, "trend": 22.928076, "fair_value": 22.426343, "relative_strength": 27.993659, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.422287, "energy": 94.320624, "activity_lines": [ 27.149665, 24.924239, 23.616923, 23.242568 ] }, { "date": "2024-09-13", "close": 29.22016, "volume": 35955028, "typical_volume": 6923299.85, "trend": 23.136879, "fair_value": 22.522391, "relative_strength": 14.765302, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.367901, "energy": 88.518502, "activity_lines": [ 28.430691, 25.923501, 24.213954, 23.648509 ] }, { "date": "2024-09-20", "close": 30.413794, "volume": 14937209, "typical_volume": 7634094.0, "trend": 23.405648, "fair_value": 22.627696, "relative_strength": 17.211907, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.471606, "energy": 91.464209, "activity_lines": [ 29.595757, 27.019969, 24.892618, 24.117987 ] }, { "date": "2024-09-27", "close": 29.602123, "volume": 34400935, "typical_volume": 9303965.0, "trend": 23.650465, "fair_value": 22.728602, "relative_strength": 10.853189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.443871, "energy": 85.086796, "activity_lines": [ 29.971354, 27.818873, 25.459355, 24.51776 ] }, { "date": "2024-10-04", "close": 28.838198, "volume": 3997189, "typical_volume": 9475518.25, "trend": 23.818598, "fair_value": 22.821398, "relative_strength": 10.583699, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.114008, "energy": 58.165813, "activity_lines": [ 29.624404, 28.340265, 25.915702, 24.852452 ] }, { "date": "2024-10-11", "close": 25.639257, "volume": 5244195, "typical_volume": 9715228.0, "trend": 23.897173, "fair_value": 22.894492, "relative_strength": -3.94965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.453693, "energy": 42.011238, "activity_lines": [ 28.160213, 28.149379, 26.035386, 24.969914 ] }, { "date": "2024-10-18", "close": 27.692308, "volume": 6622285, "typical_volume": 10025042.0, "trend": 24.058152, "fair_value": 22.978338, "relative_strength": 1.286002, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.236377, "energy": 28.171659, "activity_lines": [ 27.81008, 28.264363, 26.332279, 25.214762 ] }, { "date": "2024-10-25", "close": 27.978779, "volume": 7621530, "typical_volume": 10376763.5, "trend": 24.230232, "fair_value": 23.062682, "relative_strength": 3.088585, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.792024, "energy": 21.734563, "activity_lines": [ 27.657294, 28.319074, 26.629688, 25.467705 ] }, { "date": "2024-11-01", "close": 26.880636, "volume": 1608235, "typical_volume": 10432418.65, "trend": 24.347082, "fair_value": 23.140789, "relative_strength": 1.60685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.22898, "energy": 20.180302, "activity_lines": [ 27.300795, 28.076875, 26.794381, 25.638699 ] }, { "date": "2024-11-08", "close": 25.782494, "volume": 2463583, "typical_volume": 10524197.05, "trend": 24.435087, "fair_value": 23.21266, "relative_strength": -5.405478, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.280305, "energy": 17.027211, "activity_lines": [ 26.759682, 27.556885, 26.830923, 25.731306 ] }, { "date": "2024-11-15", "close": 24.063662, "volume": 1979116, "typical_volume": 10568896.6, "trend": 24.504602, "fair_value": 23.262005, "relative_strength": -8.237165, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.688693, "energy": 13.009426, "activity_lines": [ 25.849337, 26.766048, 26.686095, 25.707343 ] }, { "date": "2024-11-22", "close": 23.872679, "volume": 1288266, "typical_volume": 10590042.4, "trend": 24.550677, "fair_value": 23.310126, "relative_strength": -9.203564, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.737813, "energy": 14.872836, "activity_lines": [ 24.980372, 26.086328, 26.515142, 25.666574 ] }, { "date": "2024-11-29", "close": 23.395226, "volume": 918222, "typical_volume": 10595451.75, "trend": 24.559107, "fair_value": 23.358129, "relative_strength": -8.069949, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.562272, "energy": 28.467565, "activity_lines": [ 24.206897, 25.417025, 26.292801, 25.592029 ] }, { "date": "2024-12-06", "close": 22.392574, "volume": 1174028, "typical_volume": 10573524.95, "trend": 24.582232, "fair_value": 23.395424, "relative_strength": -15.033437, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.788995, "energy": 52.750217, "activity_lines": [ 23.404775, 24.693032, 25.969109, 25.452253 ] }, { "date": "2024-12-13", "close": 21.29443, "volume": 1406482, "typical_volume": 10627995.4, "trend": 24.554782, "fair_value": 23.420327, "relative_strength": -18.079107, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.427315, "energy": 64.891853, "activity_lines": [ 22.53581, 23.900459, 25.538858, 25.240136 ] }, { "date": "2024-12-20", "close": 21.19894, "volume": 1198000, "typical_volume": 10666444.2, "trend": 24.535014, "fair_value": 23.430166, "relative_strength": -16.105984, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.269551, "energy": 65.795679, "activity_lines": [ 21.934218, 23.227683, 25.101218, 25.023631 ] }, { "date": "2024-12-27", "close": 21.676394, "volume": 819020, "typical_volume": 10635427.45, "trend": 24.521849, "fair_value": 23.452967, "relative_strength": -16.560948, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.111549, "energy": 68.286458, "activity_lines": [ 21.68276, 22.722451, 24.712538, 24.839203 ] }, { "date": "2025-01-03", "close": 20.912466, "volume": 768020, "typical_volume": 10602809.05, "trend": 24.48322, "fair_value": 23.466857, "relative_strength": -17.69595, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.53248, "energy": 70.666302, "activity_lines": [ 21.323077, 22.187702, 24.250323, 24.60634 ] }, { "date": "2025-01-10", "close": 20.816977, "volume": 1063000, "typical_volume": 10609931.4, "trend": 24.446064, "fair_value": 23.483079, "relative_strength": -17.922952, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.114309, "energy": 79.068182, "activity_lines": [ 21.097083, 21.764071, 23.787193, 24.369808 ] }, { "date": "2025-01-17", "close": 21.342176, "volume": 1176528, "typical_volume": 10384122.1, "trend": 24.421758, "fair_value": 23.505879, "relative_strength": -15.918928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.155764, "energy": 73.715559, "activity_lines": [ 21.151194, 21.546179, 23.382494, 24.169557 ] }, { "date": "2025-01-24", "close": 21.246685, "volume": 284000, "typical_volume": 6246243.55, "trend": 24.383404, "fair_value": 23.536096, "relative_strength": -17.099814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.430083, "energy": 67.692406, "activity_lines": [ 21.170292, 21.391657, 23.000758, 23.964714 ] }, { "date": "2025-02-07", "close": 21.246685, "volume": 758086, "typical_volume": 4486396.45, "trend": 24.337289, "fair_value": 23.567919, "relative_strength": -16.438911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.950639, "energy": 56.998814, "activity_lines": [ 21.186208, 21.288354, 22.670633, 23.762345 ] }, { "date": "2025-02-14", "close": 23.633953, "volume": 8025187, "typical_volume": 4140795.35, "trend": 24.386272, "fair_value": 23.620129, "relative_strength": -5.412879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.163924, "energy": 31.573423, "activity_lines": [ 22.026526, 21.666844, 22.605836, 23.716968 ] }, { "date": "2025-02-21", "close": 24.063662, "volume": 2643570, "typical_volume": 2552927.1, "trend": 24.455787, "fair_value": 23.668404, "relative_strength": -5.668163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.10456, "energy": 23.503695, "activity_lines": [ 22.828648, 22.119123, 22.614248, 23.696155 ] }, { "date": "2025-02-28", "close": 23.586208, "volume": 1322310, "typical_volume": 2419183.15, "trend": 24.520251, "fair_value": 23.713617, "relative_strength": -4.550847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.352023, "energy": 26.827807, "activity_lines": [ 23.255173, 22.454209, 22.603563, 23.640053 ] }, { "date": "2025-03-07", "close": 21.867374, "volume": 1201441, "typical_volume": 2217045.45, "trend": 24.518108, "fair_value": 23.751292, "relative_strength": -9.299969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.716527, "energy": 29.402988, "activity_lines": [ 22.959152, 22.43511, 22.454188, 23.4689 ] }, { "date": "2025-03-14", "close": 21.867374, "volume": 728000, "typical_volume": 1922331.2, "trend": 24.529935, "fair_value": 23.787896, "relative_strength": -6.440532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.961724, "energy": 19.455186, "activity_lines": [ 22.621751, 22.403859, 22.322774, 23.297885 ] }, { "date": "2025-03-21", "close": 21.915121, "volume": 376008, "typical_volume": 1560055.1, "trend": 24.506101, "fair_value": 23.828821, "relative_strength": -6.923986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.129714, "energy": 27.976384, "activity_lines": [ 22.258887, 22.377816, 22.223646, 23.129187 ] }, { "date": "2025-03-28", "close": 20.530504, "volume": 2003921, "typical_volume": 1579839.4, "trend": 24.437666, "fair_value": 23.861137, "relative_strength": -10.064331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.957693, "energy": 52.054517, "activity_lines": [ 21.549072, 22.081795, 22.021524, 22.872697 ] }, { "date": "2025-04-04", "close": 20.769232, "volume": 684120, "typical_volume": 1490866.25, "trend": 24.194165, "fair_value": 23.893646, "relative_strength": -7.465986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.628465, "energy": 61.662399, "activity_lines": [ 21.154377, 21.834387, 21.872377, 22.636024 ] }, { "date": "2025-04-11", "close": 16.663132, "volume": 1847010, "typical_volume": 1484260.95, "trend": 23.680107, "fair_value": 23.898228, "relative_strength": -18.593517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.217644, "energy": 83.778635, "activity_lines": [ 19.578781, 20.850833, 21.356045, 22.15015 ] }, { "date": "2025-04-18", "close": 17.90451, "volume": 1002100, "typical_volume": 1469952.65, "trend": 23.302918, "fair_value": 23.909964, "relative_strength": -11.612928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.261927, "energy": 84.159512, "activity_lines": [ 18.763927, 20.176321, 20.99318, 21.777531 ] }, { "date": "2025-04-25", "close": 17.952253, "volume": 407004, "typical_volume": 1444391.75, "trend": 22.887534, "fair_value": 23.92388, "relative_strength": -13.152301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.846805, "energy": 83.861977, "activity_lines": [ 18.229178, 19.571257, 20.663282, 21.432327 ] }, { "date": "2025-05-02", "close": 18.811672, "volume": 523000, "typical_volume": 1411840.35, "trend": 22.527852, "fair_value": 23.932333, "relative_strength": -12.656331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.094873, "energy": 77.317056, "activity_lines": [ 18.245093, 19.225754, 20.441153, 21.169368 ] }, { "date": "2025-05-09", "close": 18.859417, "volume": 476051, "typical_volume": 1365318.8, "trend": 22.195226, "fair_value": 23.932795, "relative_strength": -12.584135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.56465, "energy": 53.387138, "activity_lines": [ 18.391512, 18.984423, 20.240622, 20.932695 ] }, { "date": "2025-05-16", "close": 19.098145, "volume": 472010, "typical_volume": 1329019.3, "trend": 21.977189, "fair_value": 23.929434, "relative_strength": -14.965949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.247043, "energy": 46.84659, "activity_lines": [ 18.744828, 18.872439, 20.074423, 20.732883 ] }, { "date": "2025-05-23", "close": 18.429708, "volume": 351021, "typical_volume": 1305619.35, "trend": 21.668436, "fair_value": 23.938115, "relative_strength": -16.922513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.305825, "energy": 39.5709, "activity_lines": [ 18.712998, 18.68927, 19.854567, 20.504014 ] }, { "date": "2025-05-30", "close": 18.0, "volume": 220000, "typical_volume": 1278218.35, "trend": 21.33581, "fair_value": 23.938152, "relative_strength": -17.441217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.035809, "energy": 41.021166, "activity_lines": [ 18.502918, 18.490475, 19.609247, 20.26734 ] }, { "date": "2025-06-06", "close": 17.522547, "volume": 268002, "typical_volume": 1238468.45, "trend": 21.023873, "fair_value": 23.874914, "relative_strength": -20.444135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.11065, "energy": 49.883013, "activity_lines": [ 18.130504, 18.276055, 19.332323, 20.021323 ] }, { "date": "2025-06-13", "close": 17.331566, "volume": 332365, "typical_volume": 1196260.3, "trend": 20.742176, "fair_value": 23.815, "relative_strength": -22.451688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.836146, "energy": 61.201027, "activity_lines": [ 17.780372, 18.081602, 19.052899, 19.78311 ] }, { "date": "2025-06-20", "close": 18.620689, "volume": 2115094, "typical_volume": 1287815.0, "trend": 20.560743, "fair_value": 23.754519, "relative_strength": -16.374496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.296812, "energy": 45.301736, "activity_lines": [ 17.961804, 18.184037, 18.915347, 19.64624 ] }, { "date": "2025-06-27", "close": 19.145887, "volume": 6302378, "typical_volume": 1565029.6, "trend": 20.403184, "fair_value": 23.723899, "relative_strength": -15.88842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.094756, "energy": 31.32937, "activity_lines": [ 18.350132, 18.346371, 18.840319, 19.554959 ] }, { "date": "2025-07-04", "close": 18.525198, "volume": 1868658, "typical_volume": 1257203.15, "trend": 20.240849, "fair_value": 23.701879, "relative_strength": -18.262452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.826016, "energy": 23.856861, "activity_lines": [ 18.483819, 18.373282, 18.716181, 19.433799 ] }, { "date": "2025-07-11", "close": 18.716181, "volume": 1149010, "typical_volume": 1182475.15, "trend": 20.118303, "fair_value": 23.681351, "relative_strength": -17.94187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.953932, "energy": 21.134936, "activity_lines": [ 18.646153, 18.4245, 18.634559, 19.335433 ] }, { "date": "2025-07-18", "close": 19.0504, "volume": 725101, "typical_volume": 1152614.7, "trend": 20.043502, "fair_value": 23.657613, "relative_strength": -18.559376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.44595, "energy": 19.877487, "activity_lines": [ 18.840319, 18.538221, 18.610231, 19.266536 ] }, { "date": "2025-07-25", "close": 18.572945, "volume": 497100, "typical_volume": 1117397.65, "trend": 19.955969, "fair_value": 23.619306, "relative_strength": -20.282221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.302158, "energy": 15.530646, "activity_lines": [ 18.760743, 18.561659, 18.562031, 19.171661 ] }, { "date": "2025-08-01", "close": 18.429707, "volume": 386398, "typical_volume": 1100317.55, "trend": 19.847746, "fair_value": 23.583828, "relative_strength": -20.839503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.090717, "energy": 14.767476, "activity_lines": [ 18.636605, 18.568604, 18.515877, 19.073193 ] }, { "date": "2025-08-08", "close": 18.477455, "volume": 650000, "typical_volume": 1114017.15, "trend": 19.766579, "fair_value": 23.532063, "relative_strength": -22.205477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.864756, "energy": 18.608404, "activity_lines": [ 18.576128, 18.58423, 18.490641, 18.984787 ] }, { "date": "2025-08-15", "close": 17.856766, "volume": 845129, "typical_volume": 1056077.55, "trend": 19.667905, "fair_value": 23.473643, "relative_strength": -25.397238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.712569, "energy": 29.538162, "activity_lines": [ 18.311937, 18.478322, 18.422661, 18.861573 ] }, { "date": "2025-08-22", "close": 18.0, "volume": 822460, "typical_volume": 1062994.55, "trend": 19.556499, "fair_value": 23.422029, "relative_strength": -22.609037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.881806, "energy": 30.78729, "activity_lines": [ 18.152786, 18.392381, 18.381054, 18.753966 ] }, { "date": "2025-08-29", "close": 18.049999, "volume": 533265, "typical_volume": 997307.3, "trend": 19.449943, "fair_value": 23.286166, "relative_strength": -23.482347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.950057, "energy": 33.839426, "activity_lines": [ 18.080327, 18.303376, 18.357396, 18.656773 ] }, { "date": "2025-09-05", "close": 17.85, "volume": 426376, "typical_volume": 968521.1, "trend": 19.33672, "fair_value": 23.138583, "relative_strength": -24.342795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.674032, "energy": 39.809754, "activity_lines": [ 17.976066, 18.188385, 18.308086, 18.553551 ] }, { "date": "2025-09-12", "close": 17.450001, "volume": 590025, "typical_volume": 977672.15, "trend": 19.130588, "fair_value": 23.015371, "relative_strength": -27.711956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.723986, "energy": 41.682226, "activity_lines": [ 17.777118, 18.024228, 18.220941, 18.431827 ] }, { "date": "2025-09-19", "close": 18.049999, "volume": 706086, "typical_volume": 986826.45, "trend": 18.930133, "fair_value": 22.928654, "relative_strength": -24.554033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.628023, "energy": 31.452748, "activity_lines": [ 17.846666, 17.98871, 18.19333, 18.362111 ] }, { "date": "2025-09-26", "close": 17.75, "volume": 335030, "typical_volume": 979775.4, "trend": 18.735593, "fair_value": 22.848177, "relative_strength": -24.76392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.043136, "energy": 33.436225, "activity_lines": [ 17.803333, 17.91076, 18.140774, 18.285974 ] }, { "date": "2025-10-03", "close": 17.65, "volume": 164010, "typical_volume": 964375.4, "trend": 18.595014, "fair_value": 22.777125, "relative_strength": -27.525236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.267766, "energy": 33.550427, "activity_lines": [ 17.743333, 17.838271, 18.083978, 18.215936 ] }, { "date": "2025-10-10", "close": 17.6, "volume": 197001, "typical_volume": 956674.4, "trend": 18.452768, "fair_value": 22.717723, "relative_strength": -28.178133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.984124, "energy": 31.707753, "activity_lines": [ 17.693333, 17.773472, 18.029316, 18.151741 ] }, { "date": "2025-10-17", "close": 17.700001, "volume": 283260, "typical_volume": 959837.4, "trend": 18.312264, "fair_value": 22.669846, "relative_strength": -27.034529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.625838, "energy": 30.641679, "activity_lines": [ 17.693334, 17.741941, 17.988129, 18.103176 ] }, { "date": "2025-10-24", "close": 17.65, "volume": 160140, "typical_volume": 954444.3, "trend": 18.216247, "fair_value": 22.633347, "relative_strength": -26.998156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.729158, "energy": 29.739953, "activity_lines": [ 17.66, 17.715455, 17.943608, 18.060449 ] }, { "date": "2025-10-31", "close": 17.35, "volume": 365333, "typical_volume": 956092.7, "trend": 18.102273, "fair_value": 22.604719, "relative_strength": -29.11471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.949055, "energy": 36.446993, "activity_lines": [ 17.553334, 17.638182, 17.869909, 18.004562 ] }, { "date": "2025-11-07", "close": 17.15, "volume": 246006, "typical_volume": 862638.3, "trend": 18.118502, "fair_value": 22.571817, "relative_strength": -27.55765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.111393, "energy": 43.550104, "activity_lines": [ 17.406667, 17.536364, 17.777075, 17.943125 ] }, { "date": "2025-11-14", "close": 17.1, "volume": 294000, "typical_volume": 562219.4, "trend": 18.091685, "fair_value": 22.508666, "relative_strength": -26.320827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.916855, "energy": 53.004853, "activity_lines": [ 17.276667, 17.441818, 17.686482, 17.877415 ] }, { "date": "2025-11-21", "close": 16.700001, "volume": 562043, "typical_volume": 496888.65, "trend": 18.049943, "fair_value": 22.446489, "relative_strength": -24.695387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.393159, "energy": 63.673913, "activity_lines": [ 17.046667, 17.288182, 17.567536, 17.787629 ] }, { "date": "2025-11-28", "close": 17.200001, "volume": 273060, "typical_volume": 453091.15, "trend": 17.99622, "fair_value": 22.382347, "relative_strength": -25.064993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.343629, "energy": 52.839651, "activity_lines": [ 17.050001, 17.239091, 17.504901, 17.732794 ] }, { "date": "2025-12-05", "close": 17.15, "volume": 247692, "typical_volume": 429220.7, "trend": 17.93924, "fair_value": 22.324414, "relative_strength": -25.473728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.064716, "energy": 39.641572, "activity_lines": [ 17.066667, 17.196364, 17.444723, 17.678199 ] }, { "date": "2025-12-12", "close": 17.15, "volume": 151152, "typical_volume": 411923.3, "trend": 17.874302, "fair_value": 22.254782, "relative_strength": -25.424565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.404085, "energy": 33.811204, "activity_lines": [ 17.096667, 17.164546, 17.393595, 17.627281 ] }, { "date": "2025-12-19", "close": 17.1, "volume": 254090, "typical_volume": 405307.9, "trend": 17.829978, "fair_value": 22.196528, "relative_strength": -23.741984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.848166, "energy": 29.314498, "activity_lines": [ 17.11, 17.132728, 17.344481, 17.577326 ] }, { "date": "2025-12-26", "close": 17.049999, "volume": 146050, "typical_volume": 380110.4, "trend": 17.798311, "fair_value": 22.14258, "relative_strength": -25.645244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.103753, "energy": 26.364102, "activity_lines": [ 17.106666, 17.100909, 17.296937, 17.527005 ] }, { "date": "2026-01-02", "close": 17.35, "volume": 168366, "typical_volume": 346272.25, "trend": 17.79256, "fair_value": 22.093547, "relative_strength": -25.778715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.23705, "energy": 21.157521, "activity_lines": [ 17.18, 17.135455, 17.284762, 17.498081 ] }, { "date": "2026-01-09", "close": 17.049999, "volume": 512100, "typical_volume": 330754.25, "trend": 17.783174, "fair_value": 22.047216, "relative_strength": -28.721319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.596526, "energy": 21.961219, "activity_lines": [ 17.143333, 17.120909, 17.246429, 17.450174 ] }, { "date": "2026-01-16", "close": 19.6, "volume": 1631679, "typical_volume": 385674.95, "trend": 17.815818, "fair_value": 22.013423, "relative_strength": -20.438431, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.281026, "energy": 30.161013, "activity_lines": [ 17.963333, 17.575454, 17.455476, 17.567389 ] }, { "date": "2026-01-23", "close": 19.6, "volume": 5930176, "typical_volume": 660864.95, "trend": 17.830955, "fair_value": 21.989968, "relative_strength": -21.218158, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.438863, "energy": 53.101966, "activity_lines": [ 18.62, 17.985454, 17.657143, 17.682497 ] }, { "date": "2026-01-30", "close": 18.200001, "volume": 1034161, "typical_volume": 683071.75, "trend": 17.820115, "fair_value": 21.955906, "relative_strength": -26.469185, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.020971, "energy": 48.142069, "activity_lines": [ 18.643334, 18.095455, 17.717143, 17.706307 ] }, { "date": "2026-02-06", "close": 17.950001, "volume": 425100, "typical_volume": 669022.45, "trend": 17.794576, "fair_value": 21.914529, "relative_strength": -26.213122, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.739857, "energy": 45.338777, "activity_lines": [ 18.506667, 18.132727, 17.749762, 17.714686 ] }, { "date": "2026-02-13", "close": 18.0, "volume": 204100, "typical_volume": 662475.95, "trend": 17.759563, "fair_value": 21.872927, "relative_strength": -29.157422, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.873733, "energy": 23.316468, "activity_lines": [ 18.346667, 18.165455, 17.787619, 17.727939 ] }, { "date": "2026-02-27", "close": 18.1, "volume": 388110, "typical_volume": 673680.95, "trend": 17.743798, "fair_value": 21.828974, "relative_strength": -31.526233, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 36.107622, "energy": 16.629279, "activity_lines": [ 18.156667, 18.200909, 17.83381, 17.749903 ] }, { "date": "2026-03-06", "close": 17.1, "volume": 701909, "typical_volume": 698926.35, "trend": 17.699474, "fair_value": 21.779155, "relative_strength": -30.899482, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.038885, "energy": 13.825135, "activity_lines": [ 17.733334, 18.037273, 17.782619, 17.708368 ] }, { "date": "2026-03-13", "close": 17.25, "volume": 801411, "typical_volume": 724833.9, "trend": 17.658559, "fair_value": 21.713701, "relative_strength": -29.039827, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.749041, "energy": 12.695073, "activity_lines": [ 17.526667, 17.900909, 17.748095, 17.679369 ] }, { "date": "2026-03-20", "close": 17.0, "volume": 319001, "typical_volume": 732776.95, "trend": 17.63, "fair_value": 21.652086, "relative_strength": -29.456777, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.205723, "energy": 17.334223, "activity_lines": [ 17.3, 17.715455, 17.691905, 17.636882 ] }, { "date": "2026-03-27", "close": 16.950001, "volume": 479011, "typical_volume": 738460.85, "trend": 17.595, "fair_value": 21.599673, "relative_strength": -27.830762, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.487077, "energy": 26.803286, "activity_lines": [ 17.12, 17.527273, 17.634048, 17.593011 ] }, { "date": "2026-04-03", "close": 16.200001, "volume": 304726, "typical_volume": 741396.85, "trend": 17.533334, "fair_value": 21.529937, "relative_strength": -29.008305, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.577684, "energy": 51.661684, "activity_lines": [ 16.760001, 17.204546, 17.506667, 17.503011 ] }, { "date": "2026-04-10", "close": 16.35, "volume": 237231, "typical_volume": 738558.4, "trend": 17.483334, "fair_value": 21.460346, "relative_strength": -33.164992, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.374661, "energy": 57.513423, "activity_lines": [ 16.576667, 16.970909, 17.398095, 17.426667 ] }, { "date": "2026-04-17", "close": 16.450001, "volume": 843341, "typical_volume": 752623.3, "trend": 17.45, "fair_value": 21.394117, "relative_strength": -34.549046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.533008, "energy": 56.278982, "activity_lines": [ 16.476667, 16.814546, 17.302619, 17.36 ] }, { "date": "2026-04-24", "close": 16.299999, "volume": 404836, "typical_volume": 759212.1, "trend": 17.391667, "fair_value": 21.330191, "relative_strength": -37.807283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.917773, "energy": 61.757186, "activity_lines": [ 16.38, 16.662727, 17.194048, 17.285807 ] }, { "date": "2026-05-01", "close": 16.15, "volume": 225000, "typical_volume": 758077.5, "trend": 17.338333, "fair_value": 21.277003, "relative_strength": -37.498311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.697957, "energy": 64.194019, "activity_lines": [ 16.28, 16.513637, 17.075476, 17.205699 ] }, { "date": "2026-05-08", "close": 15.75, "volume": 534115, "typical_volume": 777225.65, "trend": 17.275, "fair_value": 21.220162, "relative_strength": -42.085684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.34545, "energy": 72.31601, "activity_lines": [ 16.1, 16.325455, 16.923572, 17.103226 ] }, { "date": "2026-05-15", "close": 15.55, "volume": 473178, "typical_volume": 788180.05, "trend": 17.206667, "fair_value": 21.163128, "relative_strength": -41.317027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.993742, "energy": 78.557945, "activity_lines": [ 15.883333, 16.143636, 16.759286, 16.991936 ] }, { "date": "2026-05-22", "close": 15.45, "volume": 312176, "typical_volume": 796486.35, "trend": 17.131667, "fair_value": 21.11171, "relative_strength": -42.328974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.503502, "energy": 79.403092, "activity_lines": [ 15.686667, 15.971818, 16.592857, 16.878602 ] }, { "date": "2026-05-29", "close": 16.549999, "volume": 1017406, "typical_volume": 838938.35, "trend": 17.095, "fair_value": 21.06544, "relative_strength": -40.762241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.728461, "energy": 51.419562, "activity_lines": [ 15.923333, 16.032727, 16.53881, 16.841075 ] }, { "date": "2026-06-05", "close": 16.35, "volume": 811000, "typical_volume": 853883.35, "trend": 17.061667, "fair_value": 21.018975, "relative_strength": -41.044842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.166497, "energy": 36.415249, "activity_lines": [ 16.076666, 16.065454, 16.469524, 16.793011 ] }, { "date": "2026-06-12", "close": 15.8, "volume": 431236, "typical_volume": 793861.2, "trend": 17.016667, "fair_value": 20.965992, "relative_strength": -41.033115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.824003, "energy": 35.432371, "activity_lines": [ 16.033333, 16.009091, 16.35119, 16.711613 ] }, { "date": "2026-06-19", "close": 15.7, "volume": 752302, "typical_volume": 534967.5, "trend": 16.97, "fair_value": 20.911551, "relative_strength": -43.500681, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.068632, "energy": 31.667683, "activity_lines": [ 15.953333, 15.941818, 16.241429, 16.626667 ] }, { "date": "2026-06-26", "close": 15.5, "volume": 380041, "typical_volume": 502261.5, "trend": 16.93, "fair_value": 20.851748, "relative_strength": -40.906668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.904574, "energy": 44.78151, "activity_lines": [ 15.796667, 15.85, 16.13119, 16.531828 ] }, { "date": "2026-07-03", "close": 16.049999, "volume": 396410, "typical_volume": 500827.0, "trend": 16.891667, "fair_value": 20.796831, "relative_strength": -40.721142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.709183, "energy": 40.756431, "activity_lines": [ 15.82, 15.875454, 16.08619, 16.475054 ] }, { "date": "2026-07-10", "close": 15.85, "volume": 0, "typical_volume": 490622.0, "trend": 16.848333, "fair_value": 20.743896, "relative_strength": -38.656903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.435926, "energy": 38.461134, "activity_lines": [ 15.81, 15.869091, 16.03119, 16.407849 ] }, { "date": "2026-07-17", "close": 16.299999, "volume": 1767045, "typical_volume": 559568.75, "trend": 16.82, "fair_value": 20.693846, "relative_strength": -31.935825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.632608, "energy": 23.055538, "activity_lines": [ 15.983333, 15.95, 16.029286, 16.372473 ] }, { "date": "2026-07-24", "close": 16.25, "volume": 392000, "typical_volume": 544073.3, "trend": 16.791667, "fair_value": 20.647556, "relative_strength": -32.65233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.821204, "energy": 16.860759, "activity_lines": [ 16.106666, 16.011818, 16.03119, 16.335699 ] }, { "date": "2026-07-31", "close": 16.0, "volume": 504000, "typical_volume": 529202.75, "trend": 16.756667, "fair_value": 20.599392, "relative_strength": -31.860658, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.325272, "energy": 12.591285, "activity_lines": [ 16.11, 16.015454, 16.013333, 16.284624 ] }, { "date": "2026-08-07", "close": 16.0, "volume": 353006, "typical_volume": 530903.0, "trend": 16.711667, "fair_value": 20.548779, "relative_strength": -32.553464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.457157, "energy": 12.202076, "activity_lines": [ 16.08, 16.009091, 16.001428, 16.235806 ] }, { "date": "2026-08-14", "close": 16.049999, "volume": 419754, "typical_volume": 527940.15, "trend": 16.678333, "fair_value": 20.498487, "relative_strength": -33.687894, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.022271, "energy": 10.312023, "activity_lines": [ 16.07, 16.021818, 15.999047, 16.193118 ] } ], "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." } } }