{ "ticker": { "uuid": "aebb4fdf-7443-498b-8c8f-85510a2c194d", "symbol": "00665L", "name": "Fubon Hang Seng H-Share Leveraged Index ETF", "exchange": "TAI", "country": "TW", "assetType": "etf" }, "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": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -13.345, "architecture_energy": 23.139, "architecture_maturity": 100.0, "architecture_confidence": 52.624, "architecture_tenure": "Established", "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": 47.32, "rotation_up": 43.71, "upward_expansion": 22.86, "deceleration": 41.33, "rotation_down": 18.0, "downward_expansion": 54.53 }, "activity_lines": [ 9.392, 8.943273, 9.108762, 9.357355 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 9.63, "trend_reference": 9.800667, "distance_from_trend": -0.017414, "trend_direction": "Weakening", "fair_value": 8.625577, "distance_from_fair_value": 0.116447, "fair_value_direction": "Weakening", "relative_strength": -34.559997, "relative_strength_direction": "Improving", "price_momentum": -0.176923, "excess_performance": -0.556235, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.017414, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.077092, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.116447, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.090325, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.3456, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.028652, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.176923, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.062829, "read": "Demand-led" } ], "volume": { "latest": 61274260, "relative_activity": 0.739989, "balance": 1.062829, "dry_up": 1.398108, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.079479, "annualized_volatility": 0.388071, "from_high_reference": -0.251748, "from_low_reference": 0.326446 }, "levels": { "trend_reference": 9.800667, "fair_value_reference": 8.625577, "structural_low": 7.26, "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": 33, "median_return": -0.067568, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.074237, "regime_survival": 0.878788, "best_return": 0.255725, "worst_return": -0.183226, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.116087, "positive_rate": 0.272727, "directional_follow_through": 0.727273, "median_excess_return": -0.177441, "regime_survival": 0.727273, "best_return": 0.371429, "worst_return": -0.352, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.300667, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.112985, "regime_survival": 0.4, "best_return": 0.208556, "worst_return": -0.332143, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.284103, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.365399, "regime_survival": 0.0, "best_return": -0.134454, "worst_return": -0.530018, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.136306, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-09-06", "tenure": "Developing", "return": -0.099125, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-13", "end": "2024-09-20", "tenure": "New", "return": 0.088853, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-11-15", "tenure": "Developing", "return": -0.078271, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-02-14", "tenure": "Developing", "return": 0.384817, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-11", "tenure": "Developing", "return": -0.218669, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-06-27", "tenure": "Developing", "return": 0.110497, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.126008, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.009542, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-09-19", "tenure": "Developing", "return": 0.105505, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": -0.035117, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2026-01-09", "tenure": "Developing", "return": -0.043215, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-03-06", "tenure": "Developing", "return": -0.144852, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-08-07", "tenure": "Established", "return": -0.037, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 8.38, "volume": 195190224, "typical_volume": 164970039.1, "trend": 8.341333, "fair_value": 15.354936, "relative_strength": -7.725963, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.833596, "energy": 11.394914, "activity_lines": [ 8.056, 7.87, 7.84619, 7.999075 ] }, { "date": "2023-08-11", "close": 7.9, "volume": 176029771, "typical_volume": 165625264.2, "trend": 8.281333, "fair_value": 15.262179, "relative_strength": -11.196545, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.740663, "energy": 14.25381, "activity_lines": [ 8.071333, 7.894545, 7.839714, 7.970602 ] }, { "date": "2023-08-18", "close": 6.98, "volume": 217853145, "typical_volume": 165102108.95, "trend": 8.177333, "fair_value": 15.162949, "relative_strength": -19.876267, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.28923, "energy": 24.015646, "activity_lines": [ 7.731333, 7.739273, 7.748, 7.886645 ] }, { "date": "2023-08-25", "close": 6.96, "volume": 212790113, "typical_volume": 172869164.6, "trend": 8.079, "fair_value": 15.0675, "relative_strength": -20.050972, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.147607, "energy": 40.514248, "activity_lines": [ 7.440667, 7.593091, 7.662762, 7.808108 ] }, { "date": "2023-09-01", "close": 7.39, "volume": 150747900, "typical_volume": 173999012.55, "trend": 7.994, "fair_value": 14.96641, "relative_strength": -15.338124, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.569303, "energy": 47.97724, "activity_lines": [ 7.327333, 7.551273, 7.62619, 7.763656 ] }, { "date": "2023-09-08", "close": 7.14, "volume": 155226884, "typical_volume": 175954463.9, "trend": 7.921, "fair_value": 14.865449, "relative_strength": -17.27083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.042634, "energy": 54.528056, "activity_lines": [ 7.2, 7.467091, 7.570905, 7.708559 ] }, { "date": "2023-09-15", "close": 7.39, "volume": 176329616, "typical_volume": 177998319.6, "trend": 7.863333, "fair_value": 14.765513, "relative_strength": -15.5977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.090491, "energy": 49.64613, "activity_lines": [ 7.238667, 7.435455, 7.54481, 7.674301 ] }, { "date": "2023-09-22", "close": 7.01, "volume": 200682347, "typical_volume": 179708276.1, "trend": 7.819333, "fair_value": 14.674551, "relative_strength": -16.572282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.607734, "energy": 40.05415, "activity_lines": [ 7.184667, 7.330727, 7.485905, 7.619247 ] }, { "date": "2023-09-29", "close": 6.65, "volume": 159904287, "typical_volume": 179901185.7, "trend": 7.747667, "fair_value": 14.584231, "relative_strength": -20.418899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.675506, "energy": 47.647625, "activity_lines": [ 7.008667, 7.175273, 7.398714, 7.543806 ] }, { "date": "2023-10-06", "close": 6.53, "volume": 162125907, "typical_volume": 177826417.1, "trend": 7.708667, "fair_value": 14.491474, "relative_strength": -22.198309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.291521, "energy": 55.448589, "activity_lines": [ 6.813333, 7.012909, 7.306571, 7.465247 ] }, { "date": "2023-10-13", "close": 6.85, "volume": 121686533, "typical_volume": 173273889.8, "trend": 7.672, "fair_value": 14.412821, "relative_strength": -19.178131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.417882, "energy": 55.356697, "activity_lines": [ 6.782, 6.943273, 7.251095, 7.409849 ] }, { "date": "2023-10-20", "close": 6.31, "volume": 145426033, "typical_volume": 170808532.0, "trend": 7.602333, "fair_value": 14.328782, "relative_strength": -23.57775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.688773, "energy": 65.518224, "activity_lines": [ 6.59, 6.803273, 7.145143, 7.321978 ] }, { "date": "2023-10-27", "close": 6.41, "volume": 190431437, "typical_volume": 171290619.2, "trend": 7.524667, "fair_value": 14.242051, "relative_strength": -20.588414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.433597, "energy": 64.407347, "activity_lines": [ 6.503333, 6.710364, 7.053, 7.245054 ] }, { "date": "2023-11-03", "close": 6.55, "volume": 155970822, "typical_volume": 171276275.1, "trend": 7.457, "fair_value": 14.147244, "relative_strength": -20.636269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.357344, "energy": 52.950644, "activity_lines": [ 6.503333, 6.653273, 6.980238, 7.182172 ] }, { "date": "2023-11-10", "close": 6.31, "volume": 143013256, "typical_volume": 173093421.95, "trend": 7.385333, "fair_value": 14.044615, "relative_strength": -24.031683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.647234, "energy": 56.121829, "activity_lines": [ 6.43, 6.56, 6.893429, 7.108172 ] }, { "date": "2023-11-17", "close": 6.36, "volume": 214639671, "typical_volume": 177174672.35, "trend": 7.321667, "fair_value": 13.950064, "relative_strength": -25.468612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.931853, "energy": 45.94119, "activity_lines": [ 6.388, 6.495455, 6.817333, 7.042022 ] }, { "date": "2023-11-24", "close": 6.52, "volume": 160317967, "typical_volume": 175619637.15, "trend": 7.269, "fair_value": 13.840192, "relative_strength": -23.511083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.769787, "energy": 38.989088, "activity_lines": [ 6.432, 6.474182, 6.762048, 6.990301 ] }, { "date": "2023-12-01", "close": 5.87, "volume": 241497507, "typical_volume": 179448742.0, "trend": 7.189, "fair_value": 13.725128, "relative_strength": -31.374784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.317521, "energy": 49.299985, "activity_lines": [ 6.245333, 6.350545, 6.647952, 6.900043 ] }, { "date": "2023-12-08", "close": 5.5, "volume": 254253704, "typical_volume": 183372899.25, "trend": 7.105333, "fair_value": 13.605128, "relative_strength": -34.974233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.076952, "energy": 68.880665, "activity_lines": [ 5.971333, 6.180364, 6.507905, 6.791075 ] }, { "date": "2023-12-15", "close": 5.61, "volume": 256997811, "typical_volume": 184555746.75, "trend": 7.031333, "fair_value": 13.482115, "relative_strength": -34.019898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.62159, "energy": 70.856726, "activity_lines": [ 5.804, 6.051091, 6.387714, 6.694602 ] }, { "date": "2023-12-22", "close": 5.29, "volume": 192221396, "typical_volume": 184407305.35, "trend": 6.972667, "fair_value": 13.360577, "relative_strength": -36.79523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.52163, "energy": 83.171154, "activity_lines": [ 5.576667, 5.880364, 6.250476, 6.582258 ] }, { "date": "2023-12-29", "close": 5.6, "volume": 122339025, "typical_volume": 181722768.05, "trend": 6.919, "fair_value": 13.245833, "relative_strength": -33.577593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.16418, "energy": 76.396564, "activity_lines": [ 5.524, 5.794364, 6.157476, 6.493699 ] }, { "date": "2024-01-05", "close": 5.38, "volume": 127667804, "typical_volume": 177213501.0, "trend": 6.842333, "fair_value": 13.130449, "relative_strength": -33.865148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.429053, "energy": 69.985623, "activity_lines": [ 5.459333, 5.681273, 6.054476, 6.394409 ] }, { "date": "2024-01-12", "close": 5.15, "volume": 205077150, "typical_volume": 176827852.85, "trend": 6.734, "fair_value": 13.014103, "relative_strength": -35.654912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.211722, "energy": 72.203396, "activity_lines": [ 5.350667, 5.545091, 5.93719, 6.285226 ] }, { "date": "2024-01-19", "close": 4.48, "volume": 379765798, "typical_volume": 188278747.75, "trend": 6.631333, "fair_value": 12.885577, "relative_strength": -43.543394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.952385, "energy": 81.001678, "activity_lines": [ 5.042, 5.312545, 5.764714, 6.139806 ] }, { "date": "2024-01-26", "close": 4.94, "volume": 475298373, "typical_volume": 204282322.2, "trend": 6.545, "fair_value": 12.751346, "relative_strength": -37.793891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.805297, "energy": 68.819536, "activity_lines": [ 4.962, 5.196909, 5.649905, 6.030688 ] }, { "date": "2024-02-02", "close": 4.64, "volume": 305216830, "typical_volume": 210726682.9, "trend": 6.460667, "fair_value": 12.609487, "relative_strength": -40.800887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.236873, "energy": 74.145149, "activity_lines": [ 4.805333, 5.052545, 5.517, 5.907785 ] }, { "date": "2024-02-09", "close": 4.69, "volume": 71425149, "typical_volume": 204263823.0, "trend": 6.356333, "fair_value": 12.451795, "relative_strength": -39.370613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.408013, "energy": 71.801083, "activity_lines": [ 4.729333, 4.951455, 5.401952, 5.793548 ] }, { "date": "2024-02-16", "close": 5.16, "volume": 152440300, "typical_volume": 203890623.65, "trend": 6.279333, "fair_value": 12.311282, "relative_strength": -34.204215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.725591, "energy": 54.324961, "activity_lines": [ 4.856, 4.957273, 5.342714, 5.716366 ] }, { "date": "2024-02-23", "close": 5.53, "volume": 371684715, "typical_volume": 214368564.05, "trend": 6.182667, "fair_value": 12.165, "relative_strength": -29.755048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.880283, "energy": 36.96105, "activity_lines": [ 5.105333, 5.036545, 5.32581, 5.668022 ] }, { "date": "2024-03-01", "close": 5.44, "volume": 251703651, "typical_volume": 220869419.95, "trend": 6.084667, "fair_value": 12.004679, "relative_strength": -30.177982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.720493, "energy": 22.980533, "activity_lines": [ 5.254667, 5.100909, 5.305095, 5.620108 ] }, { "date": "2024-03-08", "close": 5.34, "volume": 334965945, "typical_volume": 230346415.55, "trend": 5.999333, "fair_value": 11.864167, "relative_strength": -33.70345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.694301, "energy": 25.919074, "activity_lines": [ 5.337333, 5.144364, 5.281571, 5.572065 ] }, { "date": "2024-03-15", "close": 5.49, "volume": 357844015, "typical_volume": 238717044.45, "trend": 5.949667, "fair_value": 11.728077, "relative_strength": -30.714241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.311212, "energy": 23.813468, "activity_lines": [ 5.423333, 5.219818, 5.276952, 5.539204 ] }, { "date": "2024-03-22", "close": 5.48, "volume": 365448733, "typical_volume": 249190940.0, "trend": 5.900333, "fair_value": 11.587885, "relative_strength": -31.870837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.935228, "energy": 15.494446, "activity_lines": [ 5.452667, 5.291455, 5.275762, 5.508903 ] }, { "date": "2024-03-29", "close": 5.65, "volume": 244078561, "typical_volume": 254244205.25, "trend": 5.842333, "fair_value": 11.453077, "relative_strength": -29.051197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.050129, "energy": 12.018176, "activity_lines": [ 5.517333, 5.388, 5.295857, 5.492753 ] }, { "date": "2024-04-05", "close": 5.79, "volume": 186018548, "typical_volume": 252813149.1, "trend": 5.797333, "fair_value": 11.327564, "relative_strength": -26.521632, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.486646, "energy": 15.159031, "activity_lines": [ 5.620667, 5.488727, 5.332429, 5.489376 ] }, { "date": "2024-04-12", "close": 5.85, "volume": 307012693, "typical_volume": 260147885.4, "trend": 5.746, "fair_value": 11.1975, "relative_strength": -26.277512, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.885234, "energy": 21.658708, "activity_lines": [ 5.720667, 5.584909, 5.377429, 5.492774 ] }, { "date": "2024-04-19", "close": 5.49, "volume": 344046403, "typical_volume": 265275330.2, "trend": 5.695333, "fair_value": 11.068526, "relative_strength": -25.598558, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.489178, "energy": 21.077373, "activity_lines": [ 5.666667, 5.593636, 5.391333, 5.476258 ] }, { "date": "2024-04-26", "close": 6.61, "volume": 367906314, "typical_volume": 270957960.7, "trend": 5.694, "fair_value": 10.948397, "relative_strength": -12.206819, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.617059, "energy": 56.52345, "activity_lines": [ 5.986, 5.791455, 5.513714, 5.535269 ] }, { "date": "2024-05-03", "close": 7.11, "volume": 320300070, "typical_volume": 274123073.65, "trend": 5.713333, "fair_value": 10.83, "relative_strength": -5.670176, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 62.34112, "energy": 74.577419, "activity_lines": [ 6.396667, 6.053818, 5.678429, 5.626624 ] }, { "date": "2024-05-10", "close": 7.52, "volume": 300824055, "typical_volume": 279553206.6, "trend": 5.735667, "fair_value": 10.714423, "relative_strength": -1.267769, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 90.26033, "energy": 92.663788, "activity_lines": [ 6.846667, 6.362, 5.875048, 5.743183 ] }, { "date": "2024-05-17", "close": 7.85, "volume": 299070668, "typical_volume": 288389788.75, "trend": 5.787, "fair_value": 10.608269, "relative_strength": 1.006579, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.628715, "energy": 95.341196, "activity_lines": [ 7.291333, 6.692364, 6.092476, 5.879591 ] }, { "date": "2024-05-24", "close": 7.2, "volume": 351260576, "typical_volume": 299569427.35, "trend": 5.813333, "fair_value": 10.508974, "relative_strength": -8.225023, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.654845, "energy": 87.364821, "activity_lines": [ 7.386, 6.858909, 6.237286, 5.970753 ] }, { "date": "2024-05-31", "close": 6.99, "volume": 332306596, "typical_volume": 305930899.65, "trend": 5.828, "fair_value": 10.400064, "relative_strength": -8.766797, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.892961, "energy": 83.276621, "activity_lines": [ 7.296667, 6.956182, 6.353429, 6.046667 ] }, { "date": "2024-06-07", "close": 6.96, "volume": 385359970, "typical_volume": 306210608.25, "trend": 5.849667, "fair_value": 10.28532, "relative_strength": -11.359132, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.58356, "energy": 57.493666, "activity_lines": [ 7.172, 7.020545, 6.457952, 6.119699 ] }, { "date": "2024-06-14", "close": 6.78, "volume": 221411084, "typical_volume": 293516243.8, "trend": 5.863667, "fair_value": 10.169936, "relative_strength": -15.294444, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.36828, "energy": 40.479304, "activity_lines": [ 6.997333, 7.028364, 6.533524, 6.17972 ] }, { "date": "2024-06-21", "close": 6.86, "volume": 353682251, "typical_volume": 295939514.85, "trend": 5.875, "fair_value": 10.057244, "relative_strength": -16.40135, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.267968, "energy": 31.516164, "activity_lines": [ 6.898667, 7.032727, 6.607952, 6.244 ] }, { "date": "2024-06-28", "close": 6.71, "volume": 317976951, "typical_volume": 308267104.95, "trend": 5.903, "fair_value": 9.947115, "relative_strength": -16.74632, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.99658, "energy": 25.191418, "activity_lines": [ 6.816, 6.991455, 6.657524, 6.297871 ] }, { "date": "2024-07-05", "close": 6.85, "volume": 253877494, "typical_volume": 313338964.65, "trend": 5.948, "fair_value": 9.830962, "relative_strength": -16.259202, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.262434, "energy": 22.212636, "activity_lines": [ 6.812667, 6.953455, 6.71081, 6.358968 ] }, { "date": "2024-07-12", "close": 7.22, "volume": 302300035, "typical_volume": 309869730.65, "trend": 6.001667, "fair_value": 9.728846, "relative_strength": -12.334778, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.534586, "energy": 29.647759, "activity_lines": [ 6.942, 6.978364, 6.791286, 6.441032 ] }, { "date": "2024-07-19", "close": 6.46, "volume": 370952172, "typical_volume": 315832156.7, "trend": 6.040667, "fair_value": 9.635192, "relative_strength": -17.24778, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.777287, "energy": 18.535979, "activity_lines": [ 6.800667, 6.863091, 6.791333, 6.470602 ] }, { "date": "2024-07-26", "close": 6.15, "volume": 167324860, "typical_volume": 307450102.45, "trend": 6.059, "fair_value": 9.531538, "relative_strength": -17.574868, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.690799, "energy": 8.346609, "activity_lines": [ 6.577333, 6.710727, 6.757, 6.477656 ] }, { "date": "2024-08-02", "close": 6.01, "volume": 243491965, "typical_volume": 301732499.95, "trend": 6.08, "fair_value": 9.435897, "relative_strength": -16.61551, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.699932, "energy": 17.047182, "activity_lines": [ 6.354667, 6.563818, 6.705476, 6.474495 ] }, { "date": "2024-08-09", "close": 6.11, "volume": 298711069, "typical_volume": 298395616.75, "trend": 6.112, "fair_value": 9.361859, "relative_strength": -13.606396, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.738308, "energy": 24.251967, "activity_lines": [ 6.212, 6.456727, 6.661, 6.47643 ] }, { "date": "2024-08-16", "close": 6.37, "volume": 208859202, "typical_volume": 296634648.8, "trend": 6.175, "fair_value": 9.285321, "relative_strength": -12.759398, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.521478, "energy": 29.162136, "activity_lines": [ 6.205333, 6.412909, 6.638286, 6.493075 ] }, { "date": "2024-08-23", "close": 6.41, "volume": 191154660, "typical_volume": 296891454.4, "trend": 6.224, "fair_value": 9.2075, "relative_strength": -10.755045, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.161461, "energy": 25.517914, "activity_lines": [ 6.268667, 6.387091, 6.615952, 6.508237 ] }, { "date": "2024-08-30", "close": 6.75, "volume": 224349501, "typical_volume": 292758294.8, "trend": 6.294333, "fair_value": 9.147628, "relative_strength": -5.697667, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.051539, "energy": 13.050811, "activity_lines": [ 6.448667, 6.429818, 6.623048, 6.542172 ] }, { "date": "2024-09-06", "close": 6.18, "volume": 204223909, "typical_volume": 285767170.1, "trend": 6.344, "fair_value": 9.076859, "relative_strength": -9.535251, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.314674, "energy": 8.139272, "activity_lines": [ 6.398667, 6.370909, 6.571571, 6.534796 ] }, { "date": "2024-09-13", "close": 6.19, "volume": 174576478, "typical_volume": 276100678.3, "trend": 6.378333, "fair_value": 8.999487, "relative_strength": -9.912262, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.343884, "energy": 9.444823, "activity_lines": [ 6.340667, 6.323455, 6.517762, 6.52486 ] }, { "date": "2024-09-20", "close": 6.74, "volume": 192685380, "typical_volume": 269719943.8, "trend": 6.418667, "fair_value": 8.922949, "relative_strength": -2.940051, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.849998, "energy": 6.664247, "activity_lines": [ 6.460667, 6.388, 6.518333, 6.548194 ] }, { "date": "2024-09-27", "close": 8.56, "volume": 552826243, "typical_volume": 282320053.2, "trend": 6.522667, "fair_value": 8.869679, "relative_strength": 19.9184, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.269065, "energy": 60.316282, "activity_lines": [ 7.162667, 6.792182, 6.694, 6.686344 ] }, { "date": "2024-10-04", "close": 10.86, "volume": 400733399, "typical_volume": 287403189.75, "trend": 6.706667, "fair_value": 8.836026, "relative_strength": 54.814597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.416454, "energy": 92.721271, "activity_lines": [ 8.488, 7.576364, 7.083762, 6.966172 ] }, { "date": "2024-10-11", "close": 9.12, "volume": 724544875, "typical_volume": 306067404.7, "trend": 6.827667, "fair_value": 8.792885, "relative_strength": 26.686961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.817992, "energy": 83.149239, "activity_lines": [ 8.959333, 7.958545, 7.293476, 7.121871 ] }, { "date": "2024-10-18", "close": 8.69, "volume": 428052904, "typical_volume": 310854720.1, "trend": 6.934667, "fair_value": 8.745064, "relative_strength": 17.803487, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.345069, "energy": 82.027214, "activity_lines": [ 9.091333, 8.206, 7.453095, 7.242022 ] }, { "date": "2024-10-25", "close": 8.86, "volume": 343338716, "typical_volume": 308753657.4, "trend": 7.041667, "fair_value": 8.693077, "relative_strength": 20.954089, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.237424, "energy": 80.147378, "activity_lines": [ 9.113333, 8.437455, 7.62081, 7.366237 ] }, { "date": "2024-11-01", "close": 8.6, "volume": 288058219, "typical_volume": 312086014.15, "trend": 7.135333, "fair_value": 8.629679, "relative_strength": 20.476178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.065305, "energy": 49.172875, "activity_lines": [ 8.907333, 8.576364, 7.754714, 7.466774 ] }, { "date": "2024-11-08", "close": 9.01, "volume": 368683938, "typical_volume": 312836098.5, "trend": 7.240667, "fair_value": 8.577308, "relative_strength": 22.041007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.215763, "energy": 43.004553, "activity_lines": [ 8.835333, 8.75, 7.919, 7.58772 ] }, { "date": "2024-11-15", "close": 7.89, "volume": 441195242, "typical_volume": 318997013.05, "trend": 7.320667, "fair_value": 8.521026, "relative_strength": 10.836113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.166146, "energy": 27.983026, "activity_lines": [ 8.513333, 8.678909, 7.966381, 7.629613 ] }, { "date": "2024-11-22", "close": 7.64, "volume": 186467003, "typical_volume": 315626488.5, "trend": 7.355, "fair_value": 8.45859, "relative_strength": 6.853383, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.81156, "energy": 19.748613, "activity_lines": [ 8.19, 8.531273, 7.984333, 7.650215 ] }, { "date": "2024-11-29", "close": 7.73, "volume": 246350216, "typical_volume": 312828997.55, "trend": 7.375667, "fair_value": 8.401154, "relative_strength": 11.156334, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.804453, "energy": 20.174742, "activity_lines": [ 7.966667, 8.373636, 8.007095, 7.674409 ] }, { "date": "2024-12-06", "close": 8.03, "volume": 249699599, "typical_volume": 306766368.9, "trend": 7.392667, "fair_value": 8.352051, "relative_strength": 10.633126, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.560341, "energy": 20.786653, "activity_lines": [ 7.918667, 8.252545, 8.056, 7.716624 ] }, { "date": "2024-12-13", "close": 8.21, "volume": 380655950, "typical_volume": 317432923.4, "trend": 7.404667, "fair_value": 8.308782, "relative_strength": 13.688076, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.716511, "energy": 17.687728, "activity_lines": [ 7.968667, 8.173818, 8.114571, 7.769355 ] }, { "date": "2024-12-20", "close": 8.12, "volume": 177672133, "typical_volume": 314141931.8, "trend": 7.435333, "fair_value": 8.260833, "relative_strength": 14.568373, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.853807, "energy": 10.537544, "activity_lines": [ 8.042, 8.126909, 8.154762, 7.815505 ] }, { "date": "2024-12-27", "close": 8.47, "volume": 136011634, "typical_volume": 306006960.05, "trend": 7.484667, "fair_value": 8.223654, "relative_strength": 15.213619, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.00576, "energy": 19.392214, "activity_lines": [ 8.216667, 8.161818, 8.218238, 7.882258 ] }, { "date": "2025-01-03", "close": 8.09, "volume": 189594004, "typical_volume": 305043700.15, "trend": 7.522333, "fair_value": 8.184872, "relative_strength": 11.496782, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.626313, "energy": 19.242312, "activity_lines": [ 8.209333, 8.131636, 8.234286, 7.921312 ] }, { "date": "2025-01-10", "close": 7.65, "volume": 172568516, "typical_volume": 304114392.95, "trend": 7.551333, "fair_value": 8.145705, "relative_strength": 4.714277, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 10.229747, "energy": 10.654379, "activity_lines": [ 8.031333, 8.035455, 8.200238, 7.929548 ] }, { "date": "2025-01-17", "close": 8.01, "volume": 169598577, "typical_volume": 301376846.75, "trend": 7.589667, "fair_value": 8.107436, "relative_strength": 8.388414, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 17.767604, "energy": 12.047457, "activity_lines": [ 7.998667, 8.022, 8.194571, 7.95914 ] }, { "date": "2025-01-24", "close": 8.13, "volume": 153805473, "typical_volume": 298855924.95, "trend": 7.637, "fair_value": 8.063397, "relative_strength": 7.786302, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.214499, "energy": 10.399344, "activity_lines": [ 8.019333, 8.048545, 8.194333, 7.994 ] }, { "date": "2025-02-07", "close": 9.51, "volume": 345517557, "typical_volume": 307402978.9, "trend": 7.725667, "fair_value": 8.023654, "relative_strength": 25.222678, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.540214, "energy": 43.771198, "activity_lines": [ 8.499333, 8.321636, 8.316238, 8.114839 ] }, { "date": "2025-02-14", "close": 10.58, "volume": 329955284, "typical_volume": 314266474.1, "trend": 7.837667, "fair_value": 7.995577, "relative_strength": 39.629463, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 84.209578, "energy": 79.673432, "activity_lines": [ 9.266667, 8.755273, 8.524238, 8.298989 ] }, { "date": "2025-02-21", "close": 11.57, "volume": 427502585, "typical_volume": 308000291.2, "trend": 8.008, "fair_value": 7.967692, "relative_strength": 47.159985, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.847024, "energy": 95.786039, "activity_lines": [ 10.198, 9.317091, 8.808238, 8.539785 ] }, { "date": "2025-02-28", "close": 11.72, "volume": 371665297, "typical_volume": 306546886.1, "trend": 8.193667, "fair_value": 7.9425, "relative_strength": 51.54918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.051673, "energy": 95.080102, "activity_lines": [ 10.918, 9.841818, 9.09219, 8.779269 ] }, { "date": "2025-03-07", "close": 12.69, "volume": 438105454, "typical_volume": 292224915.05, "trend": 8.416333, "fair_value": 7.937308, "relative_strength": 64.961082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.071654, "energy": 95.800094, "activity_lines": [ 11.714, 10.479091, 9.464429, 9.069355 ] }, { "date": "2025-03-14", "close": 12.16, "volume": 444013520, "typical_volume": 293022945.85, "trend": 8.618, "fair_value": 7.936346, "relative_strength": 59.887078, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.693983, "energy": 89.747806, "activity_lines": [ 12.029333, 10.936909, 9.76919, 9.310882 ] }, { "date": "2025-03-21", "close": 11.91, "volume": 360261304, "typical_volume": 293869075.25, "trend": 8.802667, "fair_value": 7.949231, "relative_strength": 52.717215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.892751, "energy": 79.206125, "activity_lines": [ 12.084667, 11.282182, 10.033619, 9.523269 ] }, { "date": "2025-03-28", "close": 11.26, "volume": 284732913, "typical_volume": 293702809.95, "trend": 8.964333, "fair_value": 7.954231, "relative_strength": 46.426768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.432959, "energy": 63.333229, "activity_lines": [ 11.834667, 11.439818, 10.221619, 9.681806 ] }, { "date": "2025-04-04", "close": 11.22, "volume": 136090842, "typical_volume": 282073155.15, "trend": 9.113333, "fair_value": 7.957308, "relative_strength": 46.034032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.085593, "energy": 52.814578, "activity_lines": [ 11.592, 11.524545, 10.393143, 9.827333 ] }, { "date": "2025-04-11", "close": 9.04, "volume": 558773108, "typical_volume": 287952048.45, "trend": 9.208667, "fair_value": 7.944103, "relative_strength": 27.113484, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.85942, "energy": 18.054068, "activity_lines": [ 10.656, 11.154545, 10.346524, 9.822602 ] }, { "date": "2025-04-18", "close": 9.05, "volume": 228455162, "typical_volume": 290051456.4, "trend": 9.304, "fair_value": 7.930897, "relative_strength": 26.895226, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.963216, "energy": 21.985904, "activity_lines": [ 9.966667, 10.769818, 10.295381, 9.812366 ] }, { "date": "2025-04-25", "close": 9.69, "volume": 202743131, "typical_volume": 287871102.15, "trend": 9.402333, "fair_value": 7.923974, "relative_strength": 31.186565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.309971, "energy": 26.008597, "activity_lines": [ 9.698, 10.509818, 10.298476, 9.837269 ] }, { "date": "2025-05-02", "close": 9.59, "volume": 140472323, "typical_volume": 282409738.35, "trend": 9.436667, "fair_value": 7.923141, "relative_strength": 23.271438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.550398, "energy": 23.137843, "activity_lines": [ 9.544, 10.247818, 10.282714, 9.849376 ] }, { "date": "2025-05-09", "close": 9.37, "volume": 182957534, "typical_volume": 272524817.55, "trend": 9.387, "fair_value": 7.916859, "relative_strength": 19.108354, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.121461, "energy": 19.64051, "activity_lines": [ 9.428, 9.981818, 10.238571, 9.845075 ] }, { "date": "2025-05-16", "close": 9.75, "volume": 210357442, "typical_volume": 274159083.0, "trend": 9.408, "fair_value": 7.919423, "relative_strength": 18.166921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.536566, "energy": 14.517781, "activity_lines": [ 9.562, 9.827636, 10.225095, 9.868495 ] }, { "date": "2025-05-23", "close": 10.08, "volume": 160134435, "typical_volume": 275365223.05, "trend": 9.454333, "fair_value": 7.925641, "relative_strength": 22.64546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.496937, "energy": 10.402269, "activity_lines": [ 9.758667, 9.786909, 10.235286, 9.911849 ] }, { "date": "2025-05-30", "close": 9.84, "volume": 142674916, "typical_volume": 273019268.65, "trend": 9.487, "fair_value": 7.924936, "relative_strength": 20.658743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.867111, "energy": 11.900833, "activity_lines": [ 9.806667, 9.740364, 10.214952, 9.936731 ] }, { "date": "2025-06-06", "close": 10.01, "volume": 190431899, "typical_volume": 273912437.8, "trend": 9.534, "fair_value": 7.925641, "relative_strength": 20.169049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.544062, "energy": 14.176622, "activity_lines": [ 9.901333, 9.762364, 10.202476, 9.970473 ] }, { "date": "2025-06-13", "close": 9.99, "volume": 163895186, "typical_volume": 273627268.25, "trend": 9.566667, "fair_value": 7.923333, "relative_strength": 16.904464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.638377, "energy": 15.166353, "activity_lines": [ 9.961333, 9.803455, 10.176857, 9.999892 ] }, { "date": "2025-06-20", "close": 9.68, "volume": 131645165, "typical_volume": 272519252.85, "trend": 9.626333, "fair_value": 7.910641, "relative_strength": 12.645455, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.704816, "energy": 10.298252, "activity_lines": [ 9.876667, 9.810545, 10.112286, 10.007204 ] }, { "date": "2025-06-27", "close": 10.05, "volume": 133703774, "typical_volume": 261928563.7, "trend": 9.706667, "fair_value": 7.904423, "relative_strength": 13.344375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.47711, "energy": 11.722887, "activity_lines": [ 9.92, 9.873273, 10.075571, 10.034538 ] }, { "date": "2025-07-04", "close": 9.92, "volume": 111475640, "typical_volume": 251004581.5, "trend": 9.779667, "fair_value": 7.893333, "relative_strength": 11.230262, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.475911, "energy": 6.887252, "activity_lines": [ 9.922, 9.894182, 10.023905, 10.048301 ] }, { "date": "2025-07-11", "close": 10.29, "volume": 122261771, "typical_volume": 235742540.8, "trend": 9.855, "fair_value": 7.88391, "relative_strength": 13.455956, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.750594, "energy": 11.663174, "activity_lines": [ 10.042, 9.978182, 10.010619, 10.081226 ] }, { "date": "2025-07-18", "close": 10.6, "volume": 152648617, "typical_volume": 224791706.8, "trend": 9.934667, "fair_value": 7.876218, "relative_strength": 12.889869, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.151953, "energy": 25.457674, "activity_lines": [ 10.246667, 10.105818, 10.032952, 10.12929 ] }, { "date": "2025-07-25", "close": 11.17, "volume": 146863252, "typical_volume": 210229596.7, "trend": 10.036333, "fair_value": 7.882372, "relative_strength": 17.950923, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.084435, "energy": 54.035926, "activity_lines": [ 10.600667, 10.314727, 10.114905, 10.208989 ] }, { "date": "2025-08-01", "close": 10.48, "volume": 165698376, "typical_volume": 196313839.5, "trend": 10.103333, "fair_value": 7.882308, "relative_strength": 9.4557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.169971, "energy": 49.93891, "activity_lines": [ 10.625333, 10.372364, 10.138381, 10.237613 ] }, { "date": "2025-08-08", "close": 10.58, "volume": 120694354, "typical_volume": 184335492.0, "trend": 10.186333, "fair_value": 7.886923, "relative_strength": 6.981203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 26.466126, "energy": 43.894778, "activity_lines": [ 10.654667, 10.440909, 10.179381, 10.268366 ] }, { "date": "2025-08-15", "close": 10.9, "volume": 156999137, "typical_volume": 177948803.2, "trend": 10.294667, "fair_value": 7.894359, "relative_strength": 7.974525, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.919468, "energy": 42.577355, "activity_lines": [ 10.746667, 10.554182, 10.25719, 10.314409 ] }, { "date": "2025-08-22", "close": 11.01, "volume": 131077226, "typical_volume": 177698122.4, "trend": 10.394667, "fair_value": 7.902436, "relative_strength": 10.764768, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.059628, "energy": 23.764728, "activity_lines": [ 10.834667, 10.671273, 10.34719, 10.360559 ] }, { "date": "2025-08-29", "close": 10.9, "volume": 193961672, "typical_volume": 159457550.6, "trend": 10.487, "fair_value": 7.912115, "relative_strength": 6.749718, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.611217, "energy": 25.354337, "activity_lines": [ 10.858667, 10.749818, 10.427714, 10.393161 ] }, { "date": "2025-09-05", "close": 11.0, "volume": 160295220, "typical_volume": 156049553.5, "trend": 10.536667, "fair_value": 7.919872, "relative_strength": 5.873797, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.641689, "energy": 30.590082, "activity_lines": [ 10.934, 10.824364, 10.508905, 10.426258 ] }, { "date": "2025-09-12", "close": 11.95, "volume": 204055143, "typical_volume": 156115154.1, "trend": 10.582333, "fair_value": 7.937628, "relative_strength": 9.693406, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.499758, "energy": 55.068328, "activity_lines": [ 11.291333, 11.054364, 10.671286, 10.517441 ] }, { "date": "2025-09-19", "close": 12.05, "volume": 151927215, "typical_volume": 156687898.7, "trend": 10.598333, "fair_value": 7.958397, "relative_strength": 9.245917, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.505361, "energy": 73.09613, "activity_lines": [ 11.590667, 11.265636, 10.832429, 10.612129 ] }, { "date": "2025-09-26", "close": 11.96, "volume": 137613484, "typical_volume": 154420696.2, "trend": 10.606333, "fair_value": 7.978718, "relative_strength": 7.637425, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.117743, "energy": 75.933661, "activity_lines": [ 11.783333, 11.428545, 10.973286, 10.699978 ] }, { "date": "2025-10-03", "close": 12.53, "volume": 99129306, "typical_volume": 148859289.4, "trend": 10.601, "fair_value": 8.007564, "relative_strength": 7.349106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.62834, "energy": 83.199746, "activity_lines": [ 12.102667, 11.670364, 11.156095, 10.824086 ] }, { "date": "2025-10-10", "close": 12.5, "volume": 75119590, "typical_volume": 144608547.15, "trend": 10.612333, "fair_value": 8.040577, "relative_strength": 5.10538, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.219378, "energy": 80.991049, "activity_lines": [ 12.303333, 11.882, 11.32281, 10.946602 ] }, { "date": "2025-10-17", "close": 11.16, "volume": 214893368, "typical_volume": 148219469.75, "trend": 10.587333, "fair_value": 8.062436, "relative_strength": -6.207066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.275162, "energy": 46.994189, "activity_lines": [ 11.957333, 11.813273, 11.350381, 10.981935 ] }, { "date": "2025-10-24", "close": 11.42, "volume": 132013695, "typical_volume": 145298559.55, "trend": 10.592667, "fair_value": 8.09109, "relative_strength": -5.011105, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.97585, "energy": 34.412401, "activity_lines": [ 11.750667, 11.781273, 11.396429, 11.035656 ] }, { "date": "2025-10-31", "close": 11.54, "volume": 151942627, "typical_volume": 144700931.6, "trend": 10.603333, "fair_value": 8.124167, "relative_strength": -6.517017, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.195675, "energy": 23.19635, "activity_lines": [ 11.626, 11.761636, 11.44719, 11.096774 ] }, { "date": "2025-11-07", "close": 11.57, "volume": 107654592, "typical_volume": 143501402.95, "trend": 10.687667, "fair_value": 8.164423, "relative_strength": -4.473323, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.801077, "energy": 23.006115, "activity_lines": [ 11.539333, 11.737818, 11.493429, 11.15914 ] }, { "date": "2025-11-14", "close": 12.01, "volume": 138739806, "typical_volume": 143753204.55, "trend": 10.786333, "fair_value": 8.200833, "relative_strength": -0.166255, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.74314, "energy": 22.741199, "activity_lines": [ 11.663333, 11.781818, 11.572571, 11.244452 ] }, { "date": "2025-11-21", "close": 10.97, "volume": 141338677, "typical_volume": 145246356.4, "trend": 10.829, "fair_value": 8.228526, "relative_strength": -5.771773, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.824091, "energy": 12.001077, "activity_lines": [ 11.473333, 11.618364, 11.543333, 11.256301 ] }, { "date": "2025-11-28", "close": 11.29, "volume": 104514666, "typical_volume": 144359001.15, "trend": 10.885667, "fair_value": 8.252372, "relative_strength": -7.509073, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.414824, "energy": 10.655518, "activity_lines": [ 11.402667, 11.530909, 11.539571, 11.286043 ] }, { "date": "2025-12-05", "close": 11.32, "volume": 115134849, "typical_volume": 142483312.75, "trend": 10.950667, "fair_value": 8.280385, "relative_strength": -8.665865, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.443146, "energy": 10.556214, "activity_lines": [ 11.350667, 11.462727, 11.533905, 11.314065 ] }, { "date": "2025-12-12", "close": 11.1, "volume": 141386232, "typical_volume": 142209461.75, "trend": 10.995667, "fair_value": 8.30141, "relative_strength": -11.313127, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.442839, "energy": 12.644183, "activity_lines": [ 11.24, 11.366182, 11.503857, 11.323699 ] }, { "date": "2025-12-19", "close": 10.76, "volume": 96447794, "typical_volume": 138746932.65, "trend": 11.018333, "fair_value": 8.313654, "relative_strength": -12.593116, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.838105, "energy": 15.605918, "activity_lines": [ 11.047333, 11.233818, 11.441762, 11.308495 ] }, { "date": "2025-12-26", "close": 10.85, "volume": 40161150, "typical_volume": 134720272.45, "trend": 11.052, "fair_value": 8.328846, "relative_strength": -14.586451, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.455039, "energy": 29.961749, "activity_lines": [ 10.968, 11.149455, 11.386905, 11.297634 ] }, { "date": "2026-01-02", "close": 11.27, "volume": 87840220, "typical_volume": 131262326.6, "trend": 11.094, "fair_value": 8.346603, "relative_strength": -13.754529, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.345717, "energy": 23.54646, "activity_lines": [ 11.036667, 11.147091, 11.370762, 11.311699 ] }, { "date": "2026-01-09", "close": 11.07, "volume": 133486079, "typical_volume": 131382769.25, "trend": 11.13, "fair_value": 8.362179, "relative_strength": -17.955466, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.530969, "energy": 16.593438, "activity_lines": [ 11.04, 11.111091, 11.33381, 11.310151 ] }, { "date": "2026-01-16", "close": 11.46, "volume": 163749991, "typical_volume": 129872185.2, "trend": 11.189333, "fair_value": 8.373462, "relative_strength": -18.207499, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.528493, "energy": 4.730485, "activity_lines": [ 11.19, 11.154545, 11.333714, 11.331441 ] }, { "date": "2026-01-23", "close": 11.28, "volume": 90292100, "typical_volume": 126372029.2, "trend": 11.230333, "fair_value": 8.381026, "relative_strength": -20.90817, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.864227, "energy": 6.207112, "activity_lines": [ 11.256, 11.167273, 11.31381, 11.33729 ] }, { "date": "2026-01-30", "close": 11.7, "volume": 153855262, "typical_volume": 123862035.15, "trend": 11.289667, "fair_value": 8.3925, "relative_strength": -18.29286, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.091576, "energy": 12.178752, "activity_lines": [ 11.427333, 11.269636, 11.332571, 11.367591 ] }, { "date": "2026-02-06", "close": 10.92, "volume": 153003425, "typical_volume": 123915845.65, "trend": 11.310667, "fair_value": 8.398782, "relative_strength": -22.861981, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.152956, "energy": 7.779378, "activity_lines": [ 11.282, 11.216909, 11.278238, 11.343742 ] }, { "date": "2026-02-13", "close": 11.44, "volume": 71952180, "typical_volume": 120632780.45, "trend": 11.338667, "fair_value": 8.412308, "relative_strength": -23.18545, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.360492, "energy": 5.630914, "activity_lines": [ 11.333333, 11.265455, 11.27881, 11.352086 ] }, { "date": "2026-02-27", "close": 10.48, "volume": 141574026, "typical_volume": 122755016.45, "trend": 11.315667, "fair_value": 8.421026, "relative_strength": -32.665516, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.026111, "energy": 33.219251, "activity_lines": [ 11.04, 11.137273, 11.190429, 11.296688 ] }, { "date": "2026-03-06", "close": 9.8, "volume": 208490355, "typical_volume": 129423554.7, "trend": 11.293, "fair_value": 8.430449, "relative_strength": -32.997949, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.853332, "energy": 65.675622, "activity_lines": [ 10.585333, 10.896727, 11.047048, 11.198903 ] }, { "date": "2026-03-13", "close": 10.0, "volume": 102806696, "typical_volume": 123819221.1, "trend": 11.273667, "fair_value": 8.438141, "relative_strength": -30.415217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.58518, "energy": 68.218871, "activity_lines": [ 10.296, 10.71, 10.935571, 11.115484 ] }, { "date": "2026-03-20", "close": 9.78, "volume": 103593036, "typical_volume": 122398188.15, "trend": 11.236333, "fair_value": 8.451474, "relative_strength": -31.434505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.351891, "energy": 75.741074, "activity_lines": [ 10.046667, 10.498727, 10.808667, 11.019118 ] }, { "date": "2026-03-27", "close": 9.53, "volume": 115715658, "typical_volume": 120586839.7, "trend": 11.187, "fair_value": 8.461603, "relative_strength": -31.547801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.51196, "energy": 78.612547, "activity_lines": [ 9.79, 10.269091, 10.665762, 10.909032 ] }, { "date": "2026-04-03", "close": 9.31, "volume": 81555028, "typical_volume": 119281861.5, "trend": 11.134, "fair_value": 8.467436, "relative_strength": -31.27914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.054788, "energy": 76.928083, "activity_lines": [ 9.587333, 10.027455, 10.511476, 10.787935 ] }, { "date": "2026-04-10", "close": 9.84, "volume": 57652401, "typical_volume": 115227491.25, "trend": 11.095333, "fair_value": 8.474487, "relative_strength": -32.424263, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.204748, "energy": 62.350224, "activity_lines": [ 9.639333, 9.921273, 10.418429, 10.704452 ] }, { "date": "2026-04-17", "close": 10.14, "volume": 80128449, "typical_volume": 112166979.85, "trend": 11.035, "fair_value": 8.484487, "relative_strength": -32.394799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.168846, "energy": 44.258379, "activity_lines": [ 9.788667, 9.895818, 10.364286, 10.642817 ] }, { "date": "2026-04-24", "close": 10.0, "volume": 88332199, "typical_volume": 111357856.5, "trend": 10.966667, "fair_value": 8.494359, "relative_strength": -36.34241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.622122, "energy": 33.094543, "activity_lines": [ 9.882, 9.873273, 10.300762, 10.576043 ] }, { "date": "2026-05-01", "close": 9.87, "volume": 47848660, "typical_volume": 107993547.05, "trend": 10.897, "fair_value": 8.504615, "relative_strength": -36.451774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.935105, "energy": 25.790693, "activity_lines": [ 9.917333, 9.843818, 10.231, 10.50529 ] }, { "date": "2026-05-08", "close": 10.28, "volume": 91394305, "typical_volume": 105493950.7, "trend": 10.822, "fair_value": 8.51859, "relative_strength": -37.425191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.907201, "energy": 19.268391, "activity_lines": [ 10.066667, 9.917455, 10.20719, 10.465484 ] }, { "date": "2026-05-15", "close": 9.98, "volume": 85029509, "typical_volume": 104923036.45, "trend": 10.738, "fair_value": 8.529551, "relative_strength": -37.99363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.229681, "energy": 18.993787, "activity_lines": [ 10.051333, 9.940182, 10.158714, 10.411161 ] }, { "date": "2026-05-22", "close": 9.69, "volume": 71834264, "typical_volume": 106506692.15, "trend": 10.689, "fair_value": 8.540321, "relative_strength": -40.722875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.151045, "energy": 24.614789, "activity_lines": [ 9.93, 9.906909, 10.086333, 10.343548 ] }, { "date": "2026-05-29", "close": 9.33, "volume": 114676099, "typical_volume": 107848486.1, "trend": 10.619333, "fair_value": 8.549936, "relative_strength": -45.372167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.704349, "energy": 36.115946, "activity_lines": [ 9.718667, 9.813818, 9.98519, 10.255871 ] }, { "date": "2026-06-05", "close": 9.41, "volume": 11108050, "typical_volume": 101729584.65, "trend": 10.548333, "fair_value": 8.565064, "relative_strength": -44.613471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.867223, "energy": 52.086002, "activity_lines": [ 9.578667, 9.743455, 9.900905, 10.177849 ] }, { "date": "2026-06-12", "close": 9.26, "volume": 17079000, "typical_volume": 94396035.1, "trend": 10.471333, "fair_value": 8.578205, "relative_strength": -43.657714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.203974, "energy": 66.408192, "activity_lines": [ 9.419333, 9.648, 9.810238, 10.094731 ] }, { "date": "2026-06-19", "close": 8.4, "volume": 134604888, "typical_volume": 96611674.5, "trend": 10.351, "fair_value": 8.582821, "relative_strength": -50.723827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.124165, "energy": 82.652111, "activity_lines": [ 9.041333, 9.397091, 9.648143, 9.961097 ] }, { "date": "2026-06-26", "close": 7.38, "volume": 45579100, "typical_volume": 91197866.4, "trend": 10.231333, "fair_value": 8.576282, "relative_strength": -54.211798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.130814, "energy": 93.955183, "activity_lines": [ 8.428667, 8.986909, 9.402619, 9.769419 ] }, { "date": "2026-07-03", "close": 7.86, "volume": 21209070, "typical_volume": 84608148.65, "trend": 10.117, "fair_value": 8.578205, "relative_strength": -52.841466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.639062, "energy": 90.966639, "activity_lines": [ 8.13, 8.714182, 9.223381, 9.61643 ] }, { "date": "2026-07-10", "close": 8.5, "volume": 129261375, "typical_volume": 87473608.4, "trend": 10.023, "fair_value": 8.584423, "relative_strength": -46.671171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.123332, "energy": 84.118808, "activity_lines": [ 8.142667, 8.596727, 9.119667, 9.512108 ] }, { "date": "2026-07-17", "close": 8.68, "volume": 162498124, "typical_volume": 88519813.3, "trend": 9.942333, "fair_value": 8.594103, "relative_strength": -41.318137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.26592, "energy": 64.842373, "activity_lines": [ 8.276, 8.536909, 9.047095, 9.425462 ] }, { "date": "2026-07-24", "close": 9.13, "volume": 95484704, "typical_volume": 82869530.75, "trend": 9.888, "fair_value": 8.6025, "relative_strength": -38.838035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.289175, "energy": 36.805925, "activity_lines": [ 8.598, 8.588, 9.025952, 9.373054 ] }, { "date": "2026-07-31", "close": 9.87, "volume": 143819913, "typical_volume": 84920191.6, "trend": 9.855333, "fair_value": 8.617885, "relative_strength": -32.108859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.473089, "energy": 19.353957, "activity_lines": [ 9.118, 8.789091, 9.078476, 9.371892 ] }, { "date": "2026-08-07", "close": 9.63, "volume": 61274260, "typical_volume": 82804252.8, "trend": 9.800667, "fair_value": 8.625577, "relative_strength": -34.559997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.344586, "energy": 23.138604, "activity_lines": [ 9.392, 8.943273, 9.108762, 9.357355 ] } ], "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." } } }