{ "ticker": { "uuid": "ab652ee5-37c1-4bf1-9dc3-9aa3da98a220", "symbol": "605399", "name": "Jiangxi Chenguang New Materials Company Limited", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -66.981, "architecture_energy": 83.402, "architecture_maturity": 34.295, "architecture_confidence": 83.064, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 3.51, "rotation_up": 8.34, "upward_expansion": 20.12, "deceleration": 37.02, "rotation_down": 79.57, "downward_expansion": 95.78 }, "activity_lines": [ 10.358, 11.397818, 12.626762, 13.274065 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 10.75, "trend_reference": 13.937333, "distance_from_trend": -0.22869, "trend_direction": "Weakening", "fair_value": 12.876547, "distance_from_fair_value": -0.165149, "fair_value_direction": "Weakening", "relative_strength": -21.790494, "relative_strength_direction": "Weakening", "price_momentum": -0.287135, "excess_performance": -0.243931, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.22869, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.054754, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.165149, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.237155, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.217905, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.168072, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.287135, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.778253, "read": "Supply-led" } ], "volume": { "latest": 21136061, "relative_activity": 0.801561, "balance": 0.778253, "dry_up": 0.995737, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.145045, "annualized_volatility": 0.565561, "from_high_reference": -0.447585, "from_low_reference": 0.205157 }, "levels": { "trend_reference": 13.937333, "fair_value_reference": 12.876547, "structural_low": 8.92, "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": 21, "median_return": -0.037377, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.026551, "regime_survival": 0.809524, "best_return": 0.213632, "worst_return": -0.219178, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.041785, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": -0.00822, "regime_survival": 0.428571, "best_return": 0.134791, "worst_return": -0.172109, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.187282, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.21155, "regime_survival": 0.5, "best_return": 0.15907, "worst_return": -0.344222, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.2312, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.281008, "regime_survival": 0.5, "best_return": 0.036766, "worst_return": -0.499166, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-12-06", "tenure": "Developing", "return": -0.007317, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-03", "tenure": "New", "return": -0.223589, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.045671, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.047706, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": 0.082322, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.112903, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-07-04", "tenure": "Developing", "return": 0.115523, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-29", "tenure": "Developing", "return": -0.136219, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-11-07", "tenure": "Developing", "return": 0.055514, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-19", "tenure": "Developing", "return": -0.075716, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-26", "end": "2026-02-13", "tenure": "Developing", "return": 0.069236, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-04-24", "tenure": "Developing", "return": -0.069307, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-06-12", "tenure": "Developing", "return": -0.099455, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.181887, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 16.698349, "volume": 9070263, "typical_volume": 10664858.65, "trend": 22.511541, "fair_value": 19.992083, "relative_strength": -33.651273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.95063, "energy": 82.594246, "activity_lines": [ 16.889901, 17.265247, 18.462, 20.292058 ] }, { "date": "2023-08-04", "close": 16.442513, "volume": 7072437, "typical_volume": 10332434.9, "trend": 22.260656, "fair_value": 19.969034, "relative_strength": -34.17511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.265211, "energy": 80.418374, "activity_lines": [ 16.689166, 17.022889, 18.119239, 19.900508 ] }, { "date": "2023-08-11", "close": 15.556919, "volume": 10388556, "typical_volume": 10254233.9, "trend": 21.925339, "fair_value": 19.940569, "relative_strength": -35.068096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.88521, "energy": 82.179344, "activity_lines": [ 16.264738, 16.675271, 17.739177, 19.468009 ] }, { "date": "2023-08-18", "close": 14.848445, "volume": 11235864, "typical_volume": 10348085.6, "trend": 21.568631, "fair_value": 19.907927, "relative_strength": -36.130578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.194523, "energy": 73.242113, "activity_lines": [ 15.719606, 16.282927, 17.337566, 19.011435 ] }, { "date": "2023-08-25", "close": 14.071091, "volume": 9701756, "typical_volume": 10348953.95, "trend": 21.162018, "fair_value": 19.908047, "relative_strength": -37.264033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.30219, "energy": 77.086324, "activity_lines": [ 15.066891, 15.807569, 16.911006, 18.527723 ] }, { "date": "2023-09-01", "close": 14.799245, "volume": 9502931, "typical_volume": 10072477.15, "trend": 20.721301, "fair_value": 19.91687, "relative_strength": -34.674946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.009403, "energy": 72.47092, "activity_lines": [ 14.825485, 15.533125, 16.608454, 18.117222 ] }, { "date": "2023-09-08", "close": 15.005883, "volume": 8511652, "typical_volume": 8957076.85, "trend": 20.183828, "fair_value": 19.934015, "relative_strength": -32.694288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.108401, "energy": 74.723673, "activity_lines": [ 14.779565, 15.335253, 16.366421, 17.748485 ] }, { "date": "2023-09-15", "close": 14.907483, "volume": 6886112, "typical_volume": 8682053.2, "trend": 19.718024, "fair_value": 19.954742, "relative_strength": -32.455195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.464308, "energy": 66.706457, "activity_lines": [ 14.796621, 15.165111, 16.13904, 17.408076 ] }, { "date": "2023-09-22", "close": 14.887804, "volume": 7205514, "typical_volume": 8765616.2, "trend": 19.245134, "fair_value": 19.976092, "relative_strength": -32.047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.124511, "energy": 63.898547, "activity_lines": [ 14.850412, 15.034687, 15.932086, 17.096449 ] }, { "date": "2023-09-29", "close": 14.769725, "volume": 5607383, "typical_volume": 8573320.85, "trend": 18.799474, "fair_value": 20.001577, "relative_strength": -31.312845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.081278, "energy": 62.905112, "activity_lines": [ 14.86222, 14.923407, 15.732784, 16.807712 ] }, { "date": "2023-10-13", "close": 14.445008, "volume": 9163095, "typical_volume": 8714115.7, "trend": 18.352143, "fair_value": 20.022874, "relative_strength": -31.56441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.271964, "energy": 64.411834, "activity_lines": [ 14.719213, 14.786363, 15.524665, 16.526779 ] }, { "date": "2023-10-20", "close": 13.697173, "volume": 6021760, "typical_volume": 8653196.5, "trend": 17.931335, "fair_value": 20.040234, "relative_strength": -32.10213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.496739, "energy": 69.49571, "activity_lines": [ 14.350544, 14.55432, 15.269687, 16.226459 ] }, { "date": "2023-10-27", "close": 13.893971, "volume": 8540643, "typical_volume": 8639659.95, "trend": 17.554437, "fair_value": 20.062819, "relative_strength": -31.10073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.696162, "energy": 67.072863, "activity_lines": [ 14.134722, 14.407973, 15.061127, 15.965983 ] }, { "date": "2023-11-03", "close": 14.159651, "volume": 7629945, "typical_volume": 8616190.6, "trend": 17.18788, "fair_value": 20.085071, "relative_strength": -29.313916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.034423, "energy": 63.565762, "activity_lines": [ 14.075027, 14.340168, 14.907812, 15.746965 ] }, { "date": "2023-11-10", "close": 14.267889, "volume": 7678797, "typical_volume": 8558124.5, "trend": 16.811821, "fair_value": 20.108196, "relative_strength": -28.293366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.113626, "energy": 59.850441, "activity_lines": [ 14.099954, 14.304565, 14.78336, 15.558578 ] }, { "date": "2023-11-17", "close": 14.523726, "volume": 7273818, "typical_volume": 8491202.9, "trend": 16.516766, "fair_value": 20.134604, "relative_strength": -26.634474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.890343, "energy": 50.906133, "activity_lines": [ 14.243617, 14.3119, 14.700283, 15.410959 ] }, { "date": "2023-11-24", "close": 14.071091, "volume": 7637427, "typical_volume": 8432115.95, "trend": 16.317439, "fair_value": 20.162894, "relative_strength": -27.65848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.416783, "energy": 47.567392, "activity_lines": [ 14.231153, 14.241947, 14.585625, 15.253174 ] }, { "date": "2023-12-01", "close": 13.785733, "volume": 7385001, "typical_volume": 8380398.55, "trend": 16.123937, "fair_value": 20.179679, "relative_strength": -28.037932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.099815, "energy": 50.381346, "activity_lines": [ 14.098642, 14.137107, 14.460189, 15.089838 ] }, { "date": "2023-12-08", "close": 13.234696, "volume": 7366582, "typical_volume": 8154451.0, "trend": 15.936556, "fair_value": 20.190004, "relative_strength": -28.587182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.986322, "energy": 60.212621, "activity_lines": [ 13.789668, 13.952475, 14.298955, 14.903435 ] }, { "date": "2023-12-15", "close": 12.88046, "volume": 11851086, "typical_volume": 8286531.1, "trend": 15.718815, "fair_value": 20.195488, "relative_strength": -28.997484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.066855, "energy": 83.375485, "activity_lines": [ 13.424279, 13.733492, 14.122492, 14.706268 ] }, { "date": "2023-12-22", "close": 12.7919, "volume": 11229495, "typical_volume": 8394492.7, "trend": 15.493174, "fair_value": 20.192871, "relative_strength": -27.978988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.954909, "energy": 88.470287, "activity_lines": [ 13.121866, 13.532757, 13.955307, 14.517435 ] }, { "date": "2023-12-29", "close": 13.342937, "volume": 11160723, "typical_volume": 8598907.0, "trend": 15.287633, "fair_value": 20.204247, "relative_strength": -25.584063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.266986, "energy": 77.561454, "activity_lines": [ 13.118586, 13.462268, 13.859204, 14.37871 ] }, { "date": "2024-01-05", "close": 12.703341, "volume": 8026357, "typical_volume": 8480797.05, "trend": 15.038355, "fair_value": 20.217272, "relative_strength": -27.273978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.869595, "energy": 72.283835, "activity_lines": [ 12.950651, 13.281929, 13.716947, 14.211981 ] }, { "date": "2024-01-12", "close": 12.634462, "volume": 10501986, "typical_volume": 8444103.15, "trend": 14.857628, "fair_value": 20.228855, "relative_strength": -25.674686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.142509, "energy": 61.151105, "activity_lines": [ 12.831916, 13.110714, 13.581718, 14.056891 ] }, { "date": "2024-01-19", "close": 18.243217, "volume": 51433942, "typical_volume": 10530712.45, "trend": 14.871076, "fair_value": 20.281712, "relative_strength": 9.80167, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 7.275702, "energy": 19.525535, "activity_lines": [ 14.622782, 13.987004, 13.9912, 14.275316 ] }, { "date": "2024-01-26", "close": 14.474527, "volume": 149840436, "typical_volume": 17547587.7, "trend": 14.788749, "fair_value": 20.311195, "relative_strength": -14.366033, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.447821, "energy": 20.106871, "activity_lines": [ 14.799901, 14.105798, 14.021891, 14.249733 ] }, { "date": "2024-02-02", "close": 10.046562, "volume": 58688265, "typical_volume": 20056418.35, "trend": 14.539799, "fair_value": 20.315829, "relative_strength": -35.713005, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.169455, "energy": 28.591269, "activity_lines": [ 13.388856, 13.420403, 13.632417, 13.943785 ] }, { "date": "2024-02-09", "close": 10.302401, "volume": 44549336, "typical_volume": 21939579.55, "trend": 14.306921, "fair_value": 20.323103, "relative_strength": -36.127465, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.172525, "energy": 39.01906, "activity_lines": [ 12.282849, 12.854697, 13.290925, 13.670405 ] }, { "date": "2024-02-23", "close": 11.42415, "volume": 45109407, "typical_volume": 23834774.2, "trend": 14.11701, "fair_value": 20.338638, "relative_strength": -31.096024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.524373, "energy": 63.205156, "activity_lines": [ 11.710821, 12.556279, 13.078195, 13.484419 ] }, { "date": "2024-03-01", "close": 11.847268, "volume": 42178326, "typical_volume": 25663321.35, "trend": 13.958587, "fair_value": 20.3566, "relative_strength": -27.797198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.516414, "energy": 66.128017, "activity_lines": [ 11.36052, 12.36771, 12.922256, 13.337984 ] }, { "date": "2024-03-08", "close": 11.42415, "volume": 21842791, "typical_volume": 26297306.15, "trend": 13.782781, "fair_value": 20.375813, "relative_strength": -29.522854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.91647, "energy": 63.960572, "activity_lines": [ 11.295576, 12.120996, 12.739936, 13.174472 ] }, { "date": "2024-03-15", "close": 13.175657, "volume": 33062365, "typical_volume": 27649336.4, "trend": 13.673886, "fair_value": 20.404647, "relative_strength": -17.715506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.709355, "energy": 29.608564, "activity_lines": [ 12.017826, 12.217606, 12.738812, 13.135303 ] }, { "date": "2024-03-22", "close": 13.333097, "volume": 57842415, "typical_volume": 30114425.0, "trend": 13.599758, "fair_value": 20.431634, "relative_strength": -15.229457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.519545, "energy": 13.476822, "activity_lines": [ 12.58395, 12.345883, 12.755165, 13.113317 ] }, { "date": "2024-03-29", "close": 12.723022, "volume": 23278643, "typical_volume": 30896859.9, "trend": 13.528911, "fair_value": 20.453746, "relative_strength": -17.725526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.054663, "energy": 15.737422, "activity_lines": [ 12.744669, 12.351788, 12.716086, 13.056753 ] }, { "date": "2024-04-05", "close": 13.244536, "volume": 27799865, "typical_volume": 31902913.3, "trend": 13.501359, "fair_value": 20.479023, "relative_strength": -14.032031, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.788298, "energy": 15.815115, "activity_lines": [ 12.992635, 12.450902, 12.733517, 13.038406 ] }, { "date": "2024-04-12", "close": 13.618454, "volume": 67607998, "typical_volume": 34919622.3, "trend": 13.461999, "fair_value": 20.504233, "relative_strength": -9.039615, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.524486, "energy": 13.098472, "activity_lines": [ 13.272089, 12.708887, 12.791432, 13.045961 ] }, { "date": "2024-04-19", "close": 12.044066, "volume": 43398055, "typical_volume": 36707653.7, "trend": 13.363272, "fair_value": 20.518065, "relative_strength": -19.587765, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.268645, "energy": 12.623707, "activity_lines": [ 12.88046, 12.696185, 12.703716, 12.954481 ] }, { "date": "2024-04-26", "close": 11.748868, "volume": 21090780, "typical_volume": 37392942.65, "trend": 13.257985, "fair_value": 20.532362, "relative_strength": -21.159829, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.753972, "energy": 19.144995, "activity_lines": [ 12.465871, 12.593492, 12.597538, 12.850326 ] }, { "date": "2024-05-03", "close": 12.231026, "volume": 10466836, "typical_volume": 37547955.35, "trend": 13.169425, "fair_value": 20.548606, "relative_strength": -17.651744, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.238347, "energy": 18.985801, "activity_lines": [ 12.317616, 12.552164, 12.54698, 12.784071 ] }, { "date": "2024-05-10", "close": 12.752541, "volume": 27845940, "typical_volume": 38347698.05, "trend": 13.102186, "fair_value": 20.565588, "relative_strength": -14.859821, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.38725, "energy": 23.223152, "activity_lines": [ 12.376, 12.590987, 12.550869, 12.757175 ] }, { "date": "2024-05-17", "close": 12.526222, "volume": 15339106, "typical_volume": 38553178.6, "trend": 13.038226, "fair_value": 20.580619, "relative_strength": -15.782799, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.406895, "energy": 25.820754, "activity_lines": [ 12.391744, 12.572202, 12.533813, 12.720016 ] }, { "date": "2024-05-24", "close": 12.142466, "volume": 18446983, "typical_volume": 38917491.6, "trend": 12.986403, "fair_value": 20.591726, "relative_strength": -15.954987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.16853, "energy": 24.607617, "activity_lines": [ 12.352384, 12.463605, 12.481474, 12.662225 ] }, { "date": "2024-05-31", "close": 13.087098, "volume": 28200475, "typical_volume": 39926197.5, "trend": 12.959507, "fair_value": 20.613173, "relative_strength": -8.711558, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.710129, "energy": 6.370428, "activity_lines": [ 12.621342, 12.545545, 12.524817, 12.668722 ] }, { "date": "2024-06-07", "close": 11.286392, "volume": 22897213, "typical_volume": 40545958.85, "trend": 12.863732, "fair_value": 20.621077, "relative_strength": -19.564783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.117079, "energy": 26.958291, "activity_lines": [ 12.200849, 12.304556, 12.394836, 12.560779 ] }, { "date": "2024-06-14", "close": 11.404471, "volume": 7914000, "typical_volume": 38369961.75, "trend": 12.768285, "fair_value": 20.630596, "relative_strength": -17.363933, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.106734, "energy": 39.611375, "activity_lines": [ 11.882691, 12.111157, 12.28252, 12.466633 ] }, { "date": "2024-06-21", "close": 11.079754, "volume": 7741965, "typical_volume": 31265038.2, "trend": 12.653485, "fair_value": 20.640272, "relative_strength": -18.138544, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.027346, "energy": 51.9078, "activity_lines": [ 11.546166, 11.892174, 12.171845, 12.357695 ] }, { "date": "2024-06-28", "close": 10.673215, "volume": 8958919, "typical_volume": 28778570.9, "trend": 12.540223, "fair_value": 20.643549, "relative_strength": -19.691444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.81756, "energy": 66.503939, "activity_lines": [ 11.170559, 11.645433, 12.038617, 12.229936 ] }, { "date": "2024-07-05", "close": 10.325714, "volume": 5153916, "typical_volume": 26808799.9, "trend": 12.424889, "fair_value": 20.64467, "relative_strength": -21.237883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.336245, "energy": 70.520786, "activity_lines": [ 10.777068, 11.360434, 11.869309, 12.087064 ] }, { "date": "2024-07-12", "close": 11.765358, "volume": 41307235, "typical_volume": 26618691.3, "trend": 12.375911, "fair_value": 20.655634, "relative_strength": -10.315714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.116161, "energy": 57.38628, "activity_lines": [ 11.047551, 11.363065, 11.837, 12.044514 ] }, { "date": "2024-07-19", "close": 10.881715, "volume": 16837383, "typical_volume": 25351644.15, "trend": 12.309286, "fair_value": 20.657899, "relative_strength": -16.719521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.944006, "energy": 54.552943, "activity_lines": [ 10.991556, 11.2135, 11.718909, 11.948114 ] }, { "date": "2024-07-26", "close": 10.583858, "volume": 9964807, "typical_volume": 24757744.95, "trend": 12.235685, "fair_value": 20.655111, "relative_strength": -15.836727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.351927, "energy": 46.401545, "activity_lines": [ 10.871124, 11.043794, 11.577048, 11.836796 ] }, { "date": "2024-08-02", "close": 10.931357, "volume": 14907726, "typical_volume": 23850013.0, "trend": 12.155299, "fair_value": 20.649276, "relative_strength": -12.936673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.337244, "energy": 33.320632, "activity_lines": [ 10.899586, 10.972585, 11.472285, 11.752646 ] }, { "date": "2024-08-09", "close": 10.762571, "volume": 8859967, "typical_volume": 21400890.6, "trend": 12.090606, "fair_value": 20.641059, "relative_strength": -12.468085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.326873, "energy": 38.436262, "activity_lines": [ 10.854576, 10.892708, 11.362133, 11.662793 ] }, { "date": "2024-08-16", "close": 10.564, "volume": 6150238, "typical_volume": 20544470.35, "trend": 12.021591, "fair_value": 20.621958, "relative_strength": -14.08511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.045469, "energy": 39.808572, "activity_lines": [ 10.714252, 10.818992, 11.245311, 11.564302 ] }, { "date": "2024-08-23", "close": 9.600929, "volume": 9542105, "typical_volume": 19631582.35, "trend": 11.733515, "fair_value": 20.595708, "relative_strength": -20.69113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.049105, "energy": 56.224514, "activity_lines": [ 10.332995, 10.583306, 11.047048, 11.40813 ] }, { "date": "2024-08-30", "close": 10.117214, "volume": 8165332, "typical_volume": 16659449.05, "trend": 11.588271, "fair_value": 20.573887, "relative_strength": -15.616956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.706593, "energy": 61.845564, "activity_lines": [ 10.209219, 10.474282, 10.915307, 11.303853 ] }, { "date": "2024-09-06", "close": 9.888857, "volume": 6211905, "typical_volume": 14800141.55, "trend": 11.583014, "fair_value": 20.544786, "relative_strength": -14.848312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.411177, "energy": 73.510199, "activity_lines": [ 10.040433, 10.341239, 10.778489, 11.194213 ] }, { "date": "2024-09-13", "close": 9.73, "volume": 6014102, "typical_volume": 14046307.65, "trend": 11.563934, "fair_value": 20.508199, "relative_strength": -13.86012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.482182, "energy": 75.436181, "activity_lines": [ 9.888195, 10.193574, 10.636805, 11.074664 ] }, { "date": "2024-09-20", "close": 9.759786, "volume": 4081623, "typical_volume": 13727047.0, "trend": 11.508455, "fair_value": 20.434627, "relative_strength": -14.13601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.164883, "energy": 68.007545, "activity_lines": [ 9.814724, 10.062156, 10.507571, 10.958267 ] }, { "date": "2024-09-27", "close": 10.901571, "volume": 10555306, "typical_volume": 12862515.3, "trend": 11.476932, "fair_value": 20.36093, "relative_strength": -14.490102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.210232, "energy": 35.063688, "activity_lines": [ 10.175462, 10.1748, 10.498847, 10.919113 ] }, { "date": "2024-10-04", "close": 11.834857, "volume": 10148098, "typical_volume": 12602964.9, "trend": 11.490622, "fair_value": 20.29766, "relative_strength": -13.611446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.63012, "energy": 12.771505, "activity_lines": [ 10.760586, 10.456771, 10.587821, 10.942205 ] }, { "date": "2024-10-11", "close": 12.331286, "volume": 29147501, "typical_volume": 13137990.8, "trend": 11.462477, "fair_value": 20.231973, "relative_strength": -6.263435, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.258099, "energy": 28.861708, "activity_lines": [ 11.396676, 10.806257, 10.727367, 10.996442 ] }, { "date": "2024-10-18", "close": 11.844787, "volume": 51666356, "typical_volume": 14311284.85, "trend": 11.412866, "fair_value": 20.152472, "relative_strength": -10.732181, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 23.065945, "energy": 37.305784, "activity_lines": [ 11.707772, 11.041835, 10.81968, 11.021107 ] }, { "date": "2024-10-25", "close": 12.212143, "volume": 29415786, "typical_volume": 14637213.5, "trend": 11.395837, "fair_value": 20.094186, "relative_strength": -8.642711, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.530252, "energy": 53.585092, "activity_lines": [ 12.000334, 11.324529, 10.952895, 11.072673 ] }, { "date": "2024-11-01", "close": 11.705786, "volume": 22174725, "typical_volume": 15350249.75, "trend": 11.344545, "fair_value": 20.038073, "relative_strength": -11.257309, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.236173, "energy": 53.671175, "activity_lines": [ 11.960619, 11.485191, 11.033477, 11.09267 ] }, { "date": "2024-11-08", "close": 12.281643, "volume": 23604492, "typical_volume": 16143376.1, "trend": 11.299985, "fair_value": 19.989229, "relative_strength": -11.282292, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.334246, "energy": 47.793523, "activity_lines": [ 12.059243, 11.712285, 11.167468, 11.153128 ] }, { "date": "2024-11-15", "close": 11.854714, "volume": 25404723, "typical_volume": 16965666.3, "trend": 11.293673, "fair_value": 19.945596, "relative_strength": -10.754524, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.615084, "energy": 30.631775, "activity_lines": [ 11.985772, 11.822401, 11.255076, 11.188917 ] }, { "date": "2024-11-22", "close": 11.894428, "volume": 18491916, "typical_volume": 17632566.3, "trend": 11.298525, "fair_value": 19.863993, "relative_strength": -8.22102, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.016788, "energy": 24.73484, "activity_lines": [ 11.957309, 11.903996, 11.34084, 11.227675 ] }, { "date": "2024-11-29", "close": 11.973858, "volume": 14027380, "typical_volume": 16268573.55, "trend": 11.289953, "fair_value": 19.770146, "relative_strength": -8.799839, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.807603, "energy": 20.805761, "activity_lines": [ 11.952014, 11.960679, 11.426698, 11.271245 ] }, { "date": "2024-12-06", "close": 12.122786, "volume": 15204856, "typical_volume": 16186947.2, "trend": 11.268961, "fair_value": 19.688814, "relative_strength": -9.335345, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 54.86032, "energy": 31.530169, "activity_lines": [ 12.012248, 12.004185, 11.525748, 11.324976 ] }, { "date": "2024-12-13", "close": 13.721286, "volume": 76302047, "typical_volume": 19503809.2, "trend": 11.308797, "fair_value": 19.633916, "relative_strength": 3.196544, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.883857, "energy": 53.239675, "activity_lines": [ 12.577515, 12.316122, 11.771125, 11.48319 ] }, { "date": "2024-12-20", "close": 12.9965, "volume": 35448743, "typical_volume": 20530860.05, "trend": 11.337264, "fair_value": 19.570975, "relative_strength": -1.312488, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.897497, "energy": 53.220351, "activity_lines": [ 12.80521, 12.461982, 11.932536, 11.592075 ] }, { "date": "2024-12-27", "close": 12.371, "volume": 17165359, "typical_volume": 20946129.65, "trend": 11.313395, "fair_value": 19.456803, "relative_strength": -6.603622, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.299659, "energy": 48.867093, "activity_lines": [ 12.748286, 12.48202, 12.02454, 11.658767 ] }, { "date": "2025-01-03", "close": 10.653357, "volume": 15660010, "typical_volume": 21421618.25, "trend": 11.292293, "fair_value": 19.366811, "relative_strength": -14.351217, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.082248, "energy": 17.39055, "activity_lines": [ 12.087043, 12.180191, 11.945301, 11.616184 ] }, { "date": "2025-01-10", "close": 10.434929, "volume": 10615952, "typical_volume": 21475310.6, "trend": 11.259975, "fair_value": 19.27372, "relative_strength": -14.52843, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.227052, "energy": 13.955409, "activity_lines": [ 11.441024, 11.86699, 11.844833, 11.56087 ] }, { "date": "2025-01-17", "close": 10.861856, "volume": 11169993, "typical_volume": 21625543.65, "trend": 11.252712, "fair_value": 19.175346, "relative_strength": -12.592247, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.054153, "energy": 28.328582, "activity_lines": [ 11.049838, 11.654518, 11.781054, 11.535185 ] }, { "date": "2025-01-24", "close": 10.9115, "volume": 9975931, "typical_volume": 21813744.95, "trend": 11.260655, "fair_value": 19.104062, "relative_strength": -11.107985, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.240174, "energy": 31.607433, "activity_lines": [ 10.865828, 11.476887, 11.718456, 11.513171 ] }, { "date": "2025-01-31", "close": 10.822143, "volume": 1823114, "typical_volume": 21604195.55, "trend": 11.277202, "fair_value": 19.029964, "relative_strength": -11.035545, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.428042, "energy": 42.563856, "activity_lines": [ 10.791033, 11.300158, 11.642479, 11.48488 ] }, { "date": "2025-02-07", "close": 11.199429, "volume": 7850287, "typical_volume": 21792628.75, "trend": 11.258338, "fair_value": 18.949615, "relative_strength": -9.277729, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.172403, "energy": 31.766875, "activity_lines": [ 10.945257, 11.211523, 11.597233, 11.479863 ] }, { "date": "2025-02-14", "close": 11.338428, "volume": 13304275, "typical_volume": 21930077.2, "trend": 11.273562, "fair_value": 18.843204, "relative_strength": -9.236775, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.635458, "energy": 13.276947, "activity_lines": [ 11.109409, 11.162241, 11.55837, 11.48503 ] }, { "date": "2025-02-21", "close": 11.457572, "volume": 30741057, "typical_volume": 22959725.15, "trend": 11.302686, "fair_value": 18.762088, "relative_strength": -8.969318, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.821603, "energy": 5.059009, "activity_lines": [ 11.253043, 11.148883, 11.528774, 11.496901 ] }, { "date": "2025-02-28", "close": 11.179572, "volume": 20478238, "typical_volume": 22526262.0, "trend": 11.31096, "fair_value": 18.678432, "relative_strength": -9.364811, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.503385, "energy": 5.834853, "activity_lines": [ 11.264296, 11.126138, 11.474497, 11.488959 ] }, { "date": "2025-03-07", "close": 11.646214, "volume": 18715276, "typical_volume": 20878708.0, "trend": 11.340414, "fair_value": 18.599862, "relative_strength": -6.884296, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.918934, "energy": 6.489723, "activity_lines": [ 11.413224, 11.221271, 11.470148, 11.510588 ] }, { "date": "2025-03-14", "close": 12.658929, "volume": 52747963, "typical_volume": 22045316.85, "trend": 11.410245, "fair_value": 18.518065, "relative_strength": 0.138628, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.678818, "energy": 27.702354, "activity_lines": [ 11.844786, 11.513713, 11.563193, 11.595653 ] }, { "date": "2025-03-21", "close": 12.202214, "volume": 38198278, "typical_volume": 22846494.5, "trend": 11.496955, "fair_value": 18.423659, "relative_strength": -1.521017, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.540511, "energy": 34.859639, "activity_lines": [ 12.02681, 11.686651, 11.610613, 11.646748 ] }, { "date": "2025-03-28", "close": 12.400785, "volume": 25077743, "typical_volume": 22920157.05, "trend": 11.573074, "fair_value": 18.32973, "relative_strength": 0.739716, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.013849, "energy": 47.735442, "activity_lines": [ 12.217438, 11.86356, 11.674582, 11.70506 ] }, { "date": "2025-04-04", "close": 12.311428, "volume": 26483780, "typical_volume": 22974109.9, "trend": 11.653826, "fair_value": 18.239636, "relative_strength": 0.62469, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.378476, "energy": 54.347176, "activity_lines": [ 12.3154, 11.996241, 11.729472, 11.752696 ] }, { "date": "2025-04-11", "close": 10.921429, "volume": 22635074, "typical_volume": 23181267.8, "trend": 11.693541, "fair_value": 18.14569, "relative_strength": -7.321568, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 2.225574, "energy": 7.169608, "activity_lines": [ 11.874571, 11.850743, 11.649807, 11.705444 ] }, { "date": "2025-04-18", "close": 11.000857, "volume": 12295569, "typical_volume": 23094677.25, "trend": 11.73491, "fair_value": 18.045424, "relative_strength": -7.464794, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.97164, "energy": 19.91374, "activity_lines": [ 11.508538, 11.71788, 11.58234, 11.660755 ] }, { "date": "2025-04-25", "close": 10.9115, "volume": 10328450, "typical_volume": 22850856.95, "trend": 11.735241, "fair_value": 17.9495, "relative_strength": -8.488158, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.697117, "energy": 30.70126, "activity_lines": [ 11.223257, 11.572382, 11.510997, 11.607632 ] }, { "date": "2025-05-02", "close": 10.842, "volume": 6928389, "typical_volume": 19382174.05, "trend": 11.702145, "fair_value": 17.862017, "relative_strength": -8.318176, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.589362, "energy": 40.610407, "activity_lines": [ 11.000857, 11.422009, 11.438802, 11.550003 ] }, { "date": "2025-05-09", "close": 11.229215, "volume": 9742504, "typical_volume": 18096862.1, "trend": 11.66541, "fair_value": 17.777162, "relative_strength": -6.492596, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.381064, "energy": 46.400799, "activity_lines": [ 11.011448, 11.353231, 11.417195, 11.519492 ] }, { "date": "2025-05-16", "close": 11.6065, "volume": 17311911, "typical_volume": 18104189.7, "trend": 11.657467, "fair_value": 17.687246, "relative_strength": -3.811514, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.603359, "energy": 28.687772, "activity_lines": [ 11.219948, 11.352148, 11.439936, 11.515691 ] }, { "date": "2025-05-23", "close": 11.417857, "volume": 11650027, "typical_volume": 17903690.55, "trend": 11.63099, "fair_value": 17.614547, "relative_strength": -4.568535, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.920172, "energy": 16.260619, "activity_lines": [ 11.319895, 11.317488, 11.448352, 11.500232 ] }, { "date": "2025-05-30", "close": 11.437715, "volume": 12199084, "typical_volume": 17982847.15, "trend": 11.622055, "fair_value": 17.540819, "relative_strength": -3.951923, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.65999, "energy": 13.990071, "activity_lines": [ 11.398662, 11.309004, 11.455018, 11.487763 ] }, { "date": "2025-06-06", "close": 12.122786, "volume": 20186824, "typical_volume": 18433688.7, "trend": 11.61676, "fair_value": 17.470254, "relative_strength": 0.72637, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.930202, "energy": 14.208919, "activity_lines": [ 11.670705, 11.438978, 11.522155, 11.520068 ] }, { "date": "2025-06-13", "close": 11.785214, "volume": 10958080, "typical_volume": 18482796.15, "trend": 11.614443, "fair_value": 17.389252, "relative_strength": -1.69203, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.401449, "energy": 13.110353, "activity_lines": [ 11.744838, 11.51263, 11.551136, 11.530936 ] }, { "date": "2025-06-20", "close": 12.063214, "volume": 16555531, "typical_volume": 19219417.0, "trend": 11.620069, "fair_value": 17.28456, "relative_strength": 1.196779, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.961437, "energy": 29.747208, "activity_lines": [ 11.874571, 11.646395, 11.602434, 11.559889 ] }, { "date": "2025-06-27", "close": 12.361072, "volume": 26415320, "typical_volume": 20147668.65, "trend": 11.632976, "fair_value": 17.179321, "relative_strength": 1.740106, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 34.593262, "energy": 42.720754, "activity_lines": [ 12.073143, 11.813556, 11.676189, 11.607696 ] }, { "date": "2025-07-04", "close": 12.271714, "volume": 28221655, "typical_volume": 20893537.65, "trend": 11.637941, "fair_value": 17.036077, "relative_strength": -0.41256, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.090586, "energy": 51.324281, "activity_lines": [ 12.179048, 11.939739, 11.735902, 11.648905 ] }, { "date": "2025-07-11", "close": 15.131143, "volume": 32915108, "typical_volume": 21002240.2, "trend": 11.684936, "fair_value": 16.913303, "relative_strength": 21.237363, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.840843, "energy": 87.36087, "activity_lines": [ 13.182495, 12.561087, 12.063498, 11.874273 ] }, { "date": "2025-07-18", "close": 13.890072, "volume": 187094378, "typical_volume": 29333047.2, "trend": 11.714721, "fair_value": 16.781336, "relative_strength": 10.360215, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.769588, "energy": 76.058749, "activity_lines": [ 13.571695, 12.878801, 12.255403, 12.016539 ] }, { "date": "2025-07-25", "close": 13.900001, "volume": 74407534, "typical_volume": 32117660.1, "trend": 11.765688, "fair_value": 16.664465, "relative_strength": 8.499453, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.188634, "energy": 74.784579, "activity_lines": [ 13.823881, 13.149942, 12.435347, 12.157525 ] }, { "date": "2025-08-01", "close": 13.49, "volume": 25815518, "typical_volume": 30771037.85, "trend": 11.860243, "fair_value": 16.550056, "relative_strength": 6.280595, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.17436, "energy": 71.757221, "activity_lines": [ 13.816948, 13.304837, 12.56551, 12.268771 ] }, { "date": "2025-08-08", "close": 13.59, "volume": 20550669, "typical_volume": 29888657.4, "trend": 11.965412, "fair_value": 16.437857, "relative_strength": 4.866512, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.853546, "energy": 45.905235, "activity_lines": [ 13.768086, 13.440238, 12.70124, 12.380368 ] }, { "date": "2025-08-15", "close": 13.56, "volume": 22409327, "typical_volume": 29755236.6, "trend": 12.05535, "fair_value": 16.326561, "relative_strength": 2.890644, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.787108, "energy": 38.581695, "activity_lines": [ 13.621338, 13.531052, 12.827505, 12.483245 ] }, { "date": "2025-08-22", "close": 13.77, "volume": 23308115, "typical_volume": 29596453.35, "trend": 12.150633, "fair_value": 16.221462, "relative_strength": 0.833132, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.648827, "energy": 35.71329, "activity_lines": [ 13.649333, 13.633917, 12.968249, 12.593868 ] }, { "date": "2025-08-29", "close": 13.07, "volume": 25335537, "typical_volume": 29731476.5, "trend": 12.225562, "fair_value": 16.110925, "relative_strength": -5.002833, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.413924, "energy": 25.418227, "activity_lines": [ 13.452, 13.573422, 13.035381, 12.653182 ] }, { "date": "2025-09-05", "close": 13.51, "volume": 23447338, "typical_volume": 30289064.95, "trend": 12.302581, "fair_value": 15.9887, "relative_strength": -0.61806, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.855778, "energy": 23.133096, "activity_lines": [ 13.456667, 13.574622, 13.134186, 12.736049 ] }, { "date": "2025-09-12", "close": 13.42, "volume": 28025674, "typical_volume": 31173926.15, "trend": 12.371967, "fair_value": 15.878789, "relative_strength": -2.692756, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.399659, "energy": 21.280504, "activity_lines": [ 13.43, 13.538569, 13.212472, 12.80814 ] }, { "date": "2025-09-19", "close": 12.66, "volume": 21935214, "typical_volume": 31924267.4, "trend": 12.412048, "fair_value": 15.776945, "relative_strength": -6.863024, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.212528, "energy": 14.820669, "activity_lines": [ 13.161333, 13.343456, 13.206431, 12.826723 ] }, { "date": "2025-09-26", "close": 12.43, "volume": 16726881, "typical_volume": 32273486.25, "trend": 12.453729, "fair_value": 15.679953, "relative_strength": -8.606408, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.992814, "energy": 9.250727, "activity_lines": [ 12.876, 13.151455, 13.169829, 12.827881 ] }, { "date": "2025-10-03", "close": 12.63, "volume": 5094413, "typical_volume": 31662611.35, "trend": 12.486522, "fair_value": 15.569355, "relative_strength": -8.297378, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.530663, "energy": 12.412875, "activity_lines": [ 12.746667, 13.022364, 13.146556, 12.839253 ] }, { "date": "2025-10-10", "close": 12.7, "volume": 5474133, "typical_volume": 31353816.65, "trend": 12.487891, "fair_value": 15.471002, "relative_strength": -7.839842, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.535222, "energy": 16.483714, "activity_lines": [ 12.67, 12.929091, 13.125076, 12.853026 ] }, { "date": "2025-10-17", "close": 12.43, "volume": 14343774, "typical_volume": 31461051.15, "trend": 12.495483, "fair_value": 15.377816, "relative_strength": -8.256929, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.030062, "energy": 34.028441, "activity_lines": [ 12.557333, 12.801091, 13.071777, 12.849291 ] }, { "date": "2025-10-24", "close": 13.23, "volume": 50794413, "typical_volume": 32991430.6, "trend": 12.523124, "fair_value": 15.300508, "relative_strength": -4.90279, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 12.009524, "energy": 19.85185, "activity_lines": [ 12.777333, 12.839636, 13.089942, 12.896679 ] }, { "date": "2025-10-31", "close": 13.21, "volume": 27655208, "typical_volume": 33826287.0, "trend": 12.553076, "fair_value": 15.212275, "relative_strength": -5.03101, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.398697, "energy": 13.702657, "activity_lines": [ 12.952667, 12.880545, 13.100931, 12.940994 ] }, { "date": "2025-11-07", "close": 14.26, "volume": 49549822, "typical_volume": 35476001.55, "trend": 12.664362, "fair_value": 15.138859, "relative_strength": 1.415537, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 58.418731, "energy": 36.999571, "activity_lines": [ 13.426, 13.122545, 13.205134, 13.051118 ] }, { "date": "2025-11-14", "close": 14.66, "volume": 91706391, "typical_volume": 38740555.1, "trend": 12.786333, "fair_value": 15.084894, "relative_strength": 4.379492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.026558, "energy": 57.574586, "activity_lines": [ 13.924, 13.415636, 13.336972, 13.179869 ] }, { "date": "2025-11-21", "close": 17.059999, "volume": 161971949, "typical_volume": 45428069.8, "trend": 12.991283, "fair_value": 15.032946, "relative_strength": 25.840474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.92957, "energy": 83.53565, "activity_lines": [ 15.091333, 14.124182, 13.686435, 13.455589 ] }, { "date": "2025-11-28", "close": 16.18, "volume": 131725476, "typical_volume": 50368588.2, "trend": 13.169217, "fair_value": 14.957567, "relative_strength": 17.342683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.36731, "energy": 82.366871, "activity_lines": [ 15.656666, 14.606545, 13.929286, 13.661313 ] }, { "date": "2025-12-05", "close": 15.06, "volume": 84852684, "typical_volume": 45256503.5, "trend": 13.29691, "fair_value": 14.884047, "relative_strength": 8.647049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.461538, "energy": 74.327529, "activity_lines": [ 15.652, 14.821273, 14.060476, 13.783299 ] }, { "date": "2025-12-12", "close": 13.44, "volume": 52097746, "typical_volume": 44141014.1, "trend": 13.358026, "fair_value": 14.800807, "relative_strength": -2.392796, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.299482, "energy": 40.989004, "activity_lines": [ 14.984, 14.693636, 14.031809, 13.792531 ] }, { "date": "2025-12-19", "close": 13.55, "volume": 29906874, "typical_volume": 44345581.9, "trend": 13.429098, "fair_value": 14.719272, "relative_strength": -1.420543, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.845024, "energy": 18.088426, "activity_lines": [ 14.407333, 14.571273, 14.015809, 13.804916 ] }, { "date": "2025-12-26", "close": 14.01, "volume": 32778453, "typical_volume": 44956971.1, "trend": 13.514841, "fair_value": 14.642493, "relative_strength": 0.099476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.767076, "energy": 20.788911, "activity_lines": [ 14.058, 14.517091, 14.043333, 13.842394 ] }, { "date": "2026-01-02", "close": 13.52, "volume": 14827530, "typical_volume": 44577881.25, "trend": 13.561414, "fair_value": 14.567901, "relative_strength": -3.573973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.632849, "energy": 20.561918, "activity_lines": [ 13.748667, 14.345091, 14.02219, 13.842727 ] }, { "date": "2026-01-09", "close": 13.95, "volume": 45516585, "typical_volume": 45688304.75, "trend": 13.633574, "fair_value": 14.507815, "relative_strength": -4.215501, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.981356, "energy": 17.176196, "activity_lines": [ 13.76, 14.246, 14.04219, 13.867797 ] }, { "date": "2026-01-16", "close": 13.5, "volume": 37856805, "typical_volume": 46314368.15, "trend": 13.681467, "fair_value": 14.440706, "relative_strength": -6.856876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.24853, "energy": 12.89249, "activity_lines": [ 13.695333, 14.051636, 14.018476, 13.859179 ] }, { "date": "2026-01-23", "close": 14.84, "volume": 66184042, "typical_volume": 48451203.35, "trend": 13.764098, "fair_value": 14.371626, "relative_strength": 1.411871, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.018223, "energy": 11.16262, "activity_lines": [ 14.073333, 14.114727, 14.120333, 13.933923 ] }, { "date": "2026-01-30", "close": 15.08, "volume": 69426681, "typical_volume": 50521253.7, "trend": 13.857707, "fair_value": 14.304513, "relative_strength": 3.320934, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.331736, "energy": 20.762173, "activity_lines": [ 14.445333, 14.218182, 14.238714, 14.01882 ] }, { "date": "2026-02-06", "close": 14.95, "volume": 37787793, "typical_volume": 51313882.65, "trend": 13.851669, "fair_value": 14.231952, "relative_strength": 3.588125, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 38.507401, "energy": 26.167067, "activity_lines": [ 14.702667, 14.334, 14.336809, 14.08929 ] }, { "date": "2026-02-13", "close": 14.98, "volume": 29124312, "typical_volume": 51933754.2, "trend": 13.888, "fair_value": 14.148357, "relative_strength": 3.219131, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.69053, "energy": 40.65803, "activity_lines": [ 14.874667, 14.477636, 14.426857, 14.162086 ] }, { "date": "2026-02-27", "close": 16.16, "volume": 44808886, "typical_volume": 53919477.85, "trend": 13.963333, "fair_value": 14.052395, "relative_strength": 8.899052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.523051, "energy": 62.528958, "activity_lines": [ 15.371333, 14.837273, 14.617143, 14.308667 ] }, { "date": "2026-03-06", "close": 16.639999, "volume": 42742925, "typical_volume": 55782917.45, "trend": 14.068333, "fair_value": 13.973924, "relative_strength": 12.778938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.291075, "energy": 70.826093, "activity_lines": [ 15.850666, 15.234727, 14.836333, 14.481355 ] }, { "date": "2026-03-13", "close": 16.040001, "volume": 66864614, "typical_volume": 58408959.45, "trend": 14.15, "fair_value": 13.890369, "relative_strength": 9.203489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.81057, "energy": 68.915297, "activity_lines": [ 16.01, 15.466909, 14.979619, 14.608559 ] }, { "date": "2026-03-20", "close": 14.02, "volume": 35550182, "typical_volume": 57646747.9, "trend": 14.165333, "fair_value": 13.799859, "relative_strength": -1.126521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.432505, "energy": 42.657827, "activity_lines": [ 15.432, 15.294909, 14.913333, 14.600172 ] }, { "date": "2026-03-27", "close": 14.4, "volume": 29034923, "typical_volume": 57715733.65, "trend": 14.186333, "fair_value": 13.713546, "relative_strength": 2.648482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.159489, "energy": 18.432026, "activity_lines": [ 15.042667, 15.182909, 14.879476, 14.615312 ] }, { "date": "2026-04-03", "close": 13.65, "volume": 16220421, "typical_volume": 56049263.6, "trend": 14.205667, "fair_value": 13.632319, "relative_strength": -1.758414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.232522, "energy": 15.661913, "activity_lines": [ 14.442, 14.926364, 14.768524, 14.58071 ] }, { "date": "2026-04-10", "close": 14.79, "volume": 22057041, "typical_volume": 52566796.1, "trend": 14.248333, "fair_value": 13.565582, "relative_strength": 3.597671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.003282, "energy": 21.943092, "activity_lines": [ 14.388667, 14.874364, 14.769048, 14.618409 ] }, { "date": "2026-04-17", "close": 14.84, "volume": 19493646, "typical_volume": 45442880.95, "trend": 14.295667, "fair_value": 13.499452, "relative_strength": 2.115906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.066331, "energy": 17.867437, "activity_lines": [ 14.475333, 14.832364, 14.773714, 14.656581 ] }, { "date": "2026-04-24", "close": 15.04, "volume": 17896064, "typical_volume": 39751410.35, "trend": 14.375, "fair_value": 13.432082, "relative_strength": 2.588824, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.839938, "energy": 14.386607, "activity_lines": [ 14.708667, 14.831091, 14.808, 14.704602 ] }, { "date": "2026-05-01", "close": 14.68, "volume": 15407908, "typical_volume": 36279171.55, "trend": 14.45, "fair_value": 13.376342, "relative_strength": -0.789504, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.633859, "energy": 8.49508, "activity_lines": [ 14.754, 14.762727, 14.813429, 14.72428 ] }, { "date": "2026-05-08", "close": 14.3, "volume": 16028173, "typical_volume": 34475692.9, "trend": 14.505667, "fair_value": 13.339478, "relative_strength": -4.983257, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.865599, "energy": 8.229606, "activity_lines": [ 14.654, 14.630727, 14.784476, 14.714602 ] }, { "date": "2026-05-15", "close": 15.39, "volume": 43773954, "typical_volume": 35169046.9, "trend": 14.595333, "fair_value": 13.312549, "relative_strength": 3.162059, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.326302, "energy": 17.780141, "activity_lines": [ 14.874, 14.730727, 14.855238, 14.771656 ] }, { "date": "2026-05-22", "close": 15.89, "volume": 68917361, "typical_volume": 36975992.3, "trend": 14.710667, "fair_value": 13.293536, "relative_strength": 6.858668, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.817013, "energy": 32.271319, "activity_lines": [ 15.220667, 14.944364, 14.964857, 14.855183 ] }, { "date": "2026-05-29", "close": 14.25, "volume": 57327813, "typical_volume": 39101006.45, "trend": 14.744667, "fair_value": 13.260442, "relative_strength": -3.17367, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.352601, "energy": 11.486237, "activity_lines": [ 14.950667, 14.862545, 14.909333, 14.825462 ] }, { "date": "2026-06-05", "close": 12.98, "volume": 6258178, "typical_volume": 37138086.1, "trend": 14.737, "fair_value": 13.218255, "relative_strength": -10.816914, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.678826, "energy": 33.379206, "activity_lines": [ 14.31, 14.545636, 14.729381, 14.711613 ] }, { "date": "2026-06-12", "close": 13.22, "volume": 6493256, "typical_volume": 35569908.65, "trend": 14.702333, "fair_value": 13.17794, "relative_strength": -9.107037, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.058484, "energy": 52.875573, "activity_lines": [ 13.862667, 14.298182, 14.576905, 14.613742 ] }, { "date": "2026-06-19", "close": 13.14, "volume": 28397794, "typical_volume": 33680596.25, "trend": 14.651667, "fair_value": 13.132801, "relative_strength": -10.827535, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.905671, "energy": 65.068106, "activity_lines": [ 13.460667, 14.044, 14.418143, 14.512946 ] }, { "date": "2026-06-26", "close": 14.28, "volume": 10948723, "typical_volume": 30756698.35, "trend": 14.559, "fair_value": 13.108594, "relative_strength": -1.54653, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.031903, "energy": 60.22077, "activity_lines": [ 13.588667, 14.027091, 14.376048, 14.488968 ] }, { "date": "2026-07-03", "close": 13.45, "volume": 9197595, "typical_volume": 29327188.45, "trend": 14.468, "fair_value": 13.080454, "relative_strength": -7.504453, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.975923, "energy": 53.574539, "activity_lines": [ 13.547333, 13.869455, 14.258714, 14.417419 ] }, { "date": "2026-07-10", "close": 13.38, "volume": 54894970, "typical_volume": 30615721.35, "trend": 14.412, "fair_value": 13.057606, "relative_strength": -6.799888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.187412, "energy": 38.531769, "activity_lines": [ 13.536, 13.728, 14.141857, 14.347226 ] }, { "date": "2026-07-17", "close": 10.26, "volume": 36623326, "typical_volume": 30206443.35, "trend": 14.306, "fair_value": 13.011099, "relative_strength": -23.478469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.363252, "energy": 65.568203, "activity_lines": [ 12.458, 13.042909, 13.735476, 14.079355 ] }, { "date": "2026-07-24", "close": 9.36, "volume": 27310921, "typical_volume": 29434843.15, "trend": 14.166333, "fair_value": 12.960274, "relative_strength": -30.553437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.004342, "energy": 86.344932, "activity_lines": [ 11.277333, 12.267636, 13.271476, 13.760258 ] }, { "date": "2026-07-31", "close": 9.91, "volume": 19954651, "typical_volume": 27089345.0, "trend": 14.029667, "fair_value": 12.914046, "relative_strength": -26.305135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.72521, "energy": 87.124674, "activity_lines": [ 10.532, 11.702, 12.894524, 13.485656 ] }, { "date": "2026-08-07", "close": 10.75, "volume": 21136061, "typical_volume": 26368638.95, "trend": 13.937333, "fair_value": 12.876547, "relative_strength": -21.790494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.980785, "energy": 83.401963, "activity_lines": [ 10.358, 11.397818, 12.626762, 13.274065 ] } ], "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." } } }