{ "ticker": { "uuid": "b021850c-31b6-4539-8c4c-2117db21aa84", "symbol": "002068", "name": "Jiangxi Black Cat Carbon Black Inc.,Ltd", "exchange": "SHZ", "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": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 88.444, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "mixed", "architecture_direction": -21.917, "architecture_energy": 38.449, "architecture_maturity": 70.371, "architecture_confidence": 59.809, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 36.67, "rotation_up": 16.7, "upward_expansion": 19.75, "deceleration": 68.18, "rotation_down": 66.62, "downward_expansion": 42.42 }, "activity_lines": [ 8.013333, 9.504, 9.835524, 9.719097 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 8.06, "trend_reference": 9.572333, "distance_from_trend": -0.15799, "trend_direction": "Improving", "fair_value": 9.675769, "distance_from_fair_value": -0.166991, "fair_value_direction": "Weakening", "relative_strength": -21.375338, "relative_strength_direction": "Improving", "price_momentum": -0.20198, "excess_performance": -0.20938, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.15799, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.027515, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.166991, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.157866, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.213753, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.01607, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.20198, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.125382, "read": "Demand-led" } ], "volume": { "latest": 134011484, "relative_activity": 1.129802, "balance": 1.125382, "dry_up": 1.355361, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.22762, "annualized_volatility": 0.893902, "from_high_reference": -0.484325, "from_low_reference": 0.204783 }, "levels": { "trend_reference": 9.572333, "fair_value_reference": 9.675769, "structural_low": 6.69, "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": 17, "median_return": -0.031254, "positive_rate": 0.470588, "directional_follow_through": 0.470588, "median_excess_return": 0.017104, "regime_survival": 0.705882, "best_return": 0.22884, "worst_return": -0.29071, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.063688, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": 0.155304, "regime_survival": 0.714286, "best_return": 0.883249, "worst_return": -0.357951, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.185253, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.242822, "regime_survival": 0.5, "best_return": 0.763308, "worst_return": -0.09973, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.058516, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.177891, "regime_survival": 0.333333, "best_return": 1.339236, "worst_return": -0.271159, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.133966, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-21", "end": "2024-11-08", "tenure": "Established", "return": 0.071429, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-15", "end": "2024-12-13", "tenure": "Developing", "return": 0.115023, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-03-28", "tenure": "Established", "return": 0.201672, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-04", "end": "2025-05-23", "tenure": "Developing", "return": -0.037815, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": -0.048708, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": 0.056056, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": 0.16972, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-09-12", "tenure": "Developing", "return": -0.045068, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-10-24", "tenure": "Developing", "return": -0.066981, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": -0.007028, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-05-01", "tenure": "Established", "return": -0.10452, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-06-05", "tenure": "Developing", "return": 0.118503, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.200397, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 11.76, "volume": 107835272, "typical_volume": 100012781.8, "trend": 12.236333, "fair_value": 9.864074, "relative_strength": -10.149811, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 2.033528, "energy": 23.673375, "activity_lines": [ 12.032, 11.505636, 10.997048, 11.485806 ] }, { "date": "2023-08-04", "close": 13.52, "volume": 138592643, "typical_volume": 102757832.1, "trend": 12.288, "fair_value": 9.921582, "relative_strength": 2.522824, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.415092, "energy": 46.943761, "activity_lines": [ 12.546667, 11.975818, 11.230714, 11.568624 ] }, { "date": "2023-08-11", "close": 13.33, "volume": 115317262, "typical_volume": 105155163.85, "trend": 12.3, "fair_value": 9.977811, "relative_strength": 5.572709, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.622277, "energy": 54.034507, "activity_lines": [ 12.888, 12.331818, 11.44081, 11.635849 ] }, { "date": "2023-08-18", "close": 12.14, "volume": 93170888, "typical_volume": 107011385.2, "trend": 12.229, "fair_value": 10.024064, "relative_strength": 0.196869, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.801016, "energy": 28.206669, "activity_lines": [ 12.727333, 12.402364, 11.534095, 11.625527 ] }, { "date": "2023-08-25", "close": 10.88, "volume": 68682895, "typical_volume": 108109565.35, "trend": 12.11, "fair_value": 10.06329, "relative_strength": -6.538712, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -6.088113, "energy": 13.599612, "activity_lines": [ 12.116667, 12.188909, 11.509286, 11.538495 ] }, { "date": "2023-09-01", "close": 12.13, "volume": 91594410, "typical_volume": 109850582.25, "trend": 11.957667, "fair_value": 10.108305, "relative_strength": 1.43016, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.016272, "energy": 7.340381, "activity_lines": [ 12.051333, 12.204545, 11.609, 11.539785 ] }, { "date": "2023-09-08", "close": 11.38, "volume": 55214630, "typical_volume": 109074361.15, "trend": 11.776, "fair_value": 10.148944, "relative_strength": -2.784847, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.598477, "energy": 10.969412, "activity_lines": [ 11.711333, 12.057636, 11.636762, 11.502516 ] }, { "date": "2023-09-15", "close": 10.74, "volume": 45146650, "typical_volume": 107101113.6, "trend": 11.624333, "fair_value": 10.187767, "relative_strength": -6.523298, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.42554, "energy": 20.702087, "activity_lines": [ 11.300667, 11.803273, 11.601524, 11.435677 ] }, { "date": "2023-09-22", "close": 10.7, "volume": 32806058, "typical_volume": 107283197.5, "trend": 11.478333, "fair_value": 10.224789, "relative_strength": -6.601236, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.505484, "energy": 22.773776, "activity_lines": [ 11.049333, 11.56, 11.561238, 11.376043 ] }, { "date": "2023-09-29", "close": 10.16, "volume": 37294593, "typical_volume": 104343967.05, "trend": 11.335333, "fair_value": 10.261068, "relative_strength": -10.207381, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.36044, "energy": 38.761412, "activity_lines": [ 10.714, 11.236545, 11.465762, 11.290989 ] }, { "date": "2023-10-13", "close": 9.83, "volume": 70891686, "typical_volume": 105311630.7, "trend": 11.204667, "fair_value": 10.292019, "relative_strength": -12.104643, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.928221, "energy": 54.502743, "activity_lines": [ 10.316667, 10.901273, 11.335619, 11.193871 ] }, { "date": "2023-10-20", "close": 9.37, "volume": 51667175, "typical_volume": 104867377.2, "trend": 11.104667, "fair_value": 10.319589, "relative_strength": -11.390962, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.438693, "energy": 62.348845, "activity_lines": [ 9.919333, 10.517455, 11.160619, 11.075505 ] }, { "date": "2023-10-27", "close": 10.32, "volume": 79478363, "typical_volume": 105599920.0, "trend": 11.028667, "fair_value": 10.353681, "relative_strength": -4.068282, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.629402, "energy": 55.219075, "activity_lines": [ 9.972667, 10.381818, 11.075, 11.024882 ] }, { "date": "2023-11-03", "close": 10.69, "volume": 120812270, "typical_volume": 108892873.7, "trend": 10.967, "fair_value": 10.387982, "relative_strength": -1.374159, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.128985, "energy": 37.228552, "activity_lines": [ 10.177333, 10.368182, 11.020857, 11.003032 ] }, { "date": "2023-11-10", "close": 11.11, "volume": 99548265, "typical_volume": 104268510.05, "trend": 10.936333, "fair_value": 10.426088, "relative_strength": 1.276286, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.412862, "energy": 14.920957, "activity_lines": [ 10.522667, 10.457273, 10.999238, 11.012258 ] }, { "date": "2023-11-17", "close": 11.66, "volume": 133596898, "typical_volume": 102891883.05, "trend": 10.924333, "fair_value": 10.46667, "relative_strength": 6.443966, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 13.692584, "energy": 16.636206, "activity_lines": [ 10.988, 10.642182, 11.029381, 11.058946 ] }, { "date": "2023-11-24", "close": 11.32, "volume": 86883804, "typical_volume": 96729516.1, "trend": 10.936667, "fair_value": 10.50538, "relative_strength": 5.14865, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.408664, "energy": 20.841996, "activity_lines": [ 11.218, 10.773818, 11.022524, 11.084473 ] }, { "date": "2023-12-01", "close": 11.18, "volume": 152242301, "typical_volume": 93728197.3, "trend": 10.96, "fair_value": 10.541896, "relative_strength": 5.374268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.616466, "energy": 20.316866, "activity_lines": [ 11.271333, 10.881091, 11.004952, 11.100172 ] }, { "date": "2023-12-08", "close": 10.75, "volume": 80660986, "typical_volume": 91184666.75, "trend": 10.988, "fair_value": 10.573679, "relative_strength": 3.270756, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.618618, "energy": 12.466306, "activity_lines": [ 11.124, 10.902182, 10.949143, 11.086624 ] }, { "date": "2023-12-15", "close": 10.78, "volume": 59472326, "typical_volume": 86045468.75, "trend": 11.031333, "fair_value": 10.602009, "relative_strength": 5.632385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.712772, "energy": 5.837031, "activity_lines": [ 10.982667, 10.927818, 10.900667, 11.073204 ] }, { "date": "2023-12-22", "close": 10.58, "volume": 51686999, "typical_volume": 83238055.1, "trend": 11.063667, "fair_value": 10.625969, "relative_strength": 5.614687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.359474, "energy": 21.411047, "activity_lines": [ 10.796667, 10.905818, 10.84281, 11.044086 ] }, { "date": "2023-12-29", "close": 11.6, "volume": 140171892, "typical_volume": 83317017.55, "trend": 11.145667, "fair_value": 10.660667, "relative_strength": 11.916203, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.267246, "energy": 8.876117, "activity_lines": [ 11.022667, 11.055636, 10.887714, 11.078688 ] }, { "date": "2024-01-05", "close": 10.89, "volume": 71270262, "typical_volume": 81114667.55, "trend": 11.191, "fair_value": 10.692482, "relative_strength": 9.487586, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.103108, "energy": 12.943815, "activity_lines": [ 10.993333, 11.035818, 10.874143, 11.062194 ] }, { "date": "2024-01-12", "close": 10.68, "volume": 69887008, "typical_volume": 79950473.55, "trend": 11.243, "fair_value": 10.721593, "relative_strength": 8.61817, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.033508, "energy": 15.336305, "activity_lines": [ 10.913333, 10.967455, 10.85219, 11.029226 ] }, { "date": "2024-01-19", "close": 9.83, "volume": 49429234, "typical_volume": 78987790.5, "trend": 11.204667, "fair_value": 10.746798, "relative_strength": 2.394168, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.705897, "energy": 34.386831, "activity_lines": [ 10.554667, 10.744727, 10.756238, 10.938065 ] }, { "date": "2024-01-26", "close": 9.19, "volume": 64722272, "typical_volume": 77644183.6, "trend": 11.154667, "fair_value": 10.767469, "relative_strength": -3.695635, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.655538, "energy": 66.106877, "activity_lines": [ 10.046, 10.428909, 10.604333, 10.808086 ] }, { "date": "2024-02-02", "close": 7.16, "volume": 85910915, "typical_volume": 79178997.85, "trend": 10.997667, "fair_value": 10.771544, "relative_strength": -17.92776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.640022, "energy": 85.592797, "activity_lines": [ 8.953333, 9.788909, 10.273095, 10.550366 ] }, { "date": "2024-02-09", "close": 7.79, "volume": 108398429, "typical_volume": 82341586.8, "trend": 10.865667, "fair_value": 10.777742, "relative_strength": -17.715062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.160916, "energy": 85.649126, "activity_lines": [ 8.366667, 9.339091, 10.021952, 10.343419 ] }, { "date": "2024-02-23", "close": 9.17, "volume": 118542525, "typical_volume": 86628410.15, "trend": 10.781667, "fair_value": 10.794208, "relative_strength": -5.125709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.397286, "energy": 77.612011, "activity_lines": [ 8.446667, 9.201818, 9.916286, 10.234022 ] }, { "date": "2024-03-01", "close": 9.25, "volume": 94882411, "typical_volume": 89507801.05, "trend": 10.663, "fair_value": 10.806429, "relative_strength": -7.461631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.300901, "energy": 66.08791, "activity_lines": [ 8.654, 9.107818, 9.825524, 10.135204 ] }, { "date": "2024-03-08", "close": 9.08, "volume": 74338534, "typical_volume": 89680143.45, "trend": 10.573667, "fair_value": 10.818487, "relative_strength": -8.007409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.015896, "energy": 41.444298, "activity_lines": [ 8.843333, 9.010727, 9.722905, 10.033075 ] }, { "date": "2024-03-15", "close": 9.56, "volume": 68621527, "typical_volume": 90527861.05, "trend": 10.441667, "fair_value": 10.829236, "relative_strength": -5.211033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.621663, "energy": 22.511207, "activity_lines": [ 9.2, 9.028182, 9.669571, 9.967677 ] }, { "date": "2024-03-22", "close": 9.44, "volume": 47681240, "typical_volume": 88938004.9, "trend": 10.312, "fair_value": 10.834459, "relative_strength": -5.567331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.59075, "energy": 19.757945, "activity_lines": [ 9.356667, 9.060909, 9.603905, 9.903054 ] }, { "date": "2024-03-29", "close": 9.19, "volume": 63690926, "typical_volume": 86081937.7, "trend": 10.213667, "fair_value": 10.84574, "relative_strength": -6.251762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.802137, "energy": 17.769846, "activity_lines": [ 9.32, 9.074545, 9.518619, 9.830667 ] }, { "date": "2024-04-05", "close": 9.59, "volume": 34318253, "typical_volume": 82820437.1, "trend": 10.170667, "fair_value": 10.856496, "relative_strength": -3.507127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.443235, "energy": 17.800613, "activity_lines": [ 9.415333, 9.188, 9.478571, 9.79043 ] }, { "date": "2024-04-12", "close": 9.19, "volume": 59874691, "typical_volume": 79134326.75, "trend": 10.072667, "fair_value": 10.858572, "relative_strength": -4.230043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.301626, "energy": 17.124236, "activity_lines": [ 9.354667, 9.233091, 9.407667, 9.727161 ] }, { "date": "2024-04-19", "close": 8.46, "volume": 62076209, "typical_volume": 77893947.0, "trend": 9.975333, "fair_value": 10.862764, "relative_strength": -12.172284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.680875, "energy": 31.52877, "activity_lines": [ 9.043333, 9.145455, 9.279, 9.623118 ] }, { "date": "2024-04-26", "close": 9.04, "volume": 41781722, "typical_volume": 72370918.05, "trend": 9.918667, "fair_value": 10.878334, "relative_strength": -7.871844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.660583, "energy": 26.78816, "activity_lines": [ 8.998667, 9.139636, 9.21919, 9.562774 ] }, { "date": "2024-05-03", "close": 9.36, "volume": 18749926, "typical_volume": 69275365.05, "trend": 9.874, "fair_value": 10.894782, "relative_strength": -5.871519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.863855, "energy": 26.372162, "activity_lines": [ 9.087333, 9.169273, 9.200048, 9.526731 ] }, { "date": "2024-05-10", "close": 9.53, "volume": 45601629, "typical_volume": 68581830.2, "trend": 9.853, "fair_value": 10.91232, "relative_strength": -5.677559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.658461, "energy": 19.385537, "activity_lines": [ 9.221333, 9.226364, 9.203714, 9.504538 ] }, { "date": "2024-05-17", "close": 9.48, "volume": 37817049, "typical_volume": 67888332.7, "trend": 9.841333, "fair_value": 10.930093, "relative_strength": -6.11813, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.247346, "energy": 11.984117, "activity_lines": [ 9.342667, 9.269273, 9.208571, 9.480473 ] }, { "date": "2024-05-24", "close": 9.12, "volume": 33400660, "typical_volume": 62549771.1, "trend": 9.833, "fair_value": 10.944693, "relative_strength": -7.136158, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.970033, "energy": 13.561271, "activity_lines": [ 9.324667, 9.239455, 9.184381, 9.433935 ] }, { "date": "2024-05-31", "close": 9.13, "volume": 27687816, "typical_volume": 60370648.8, "trend": 9.793333, "fair_value": 10.957504, "relative_strength": -6.623716, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.735389, "energy": 11.432647, "activity_lines": [ 9.266, 9.219455, 9.172952, 9.388581 ] }, { "date": "2024-06-07", "close": 8.47, "volume": 41032219, "typical_volume": 58927909.35, "trend": 9.719333, "fair_value": 10.963984, "relative_strength": -12.481096, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.917897, "energy": 40.719296, "activity_lines": [ 8.981333, 9.085091, 9.107048, 9.303204 ] }, { "date": "2024-06-14", "close": 8.21, "volume": 24336340, "typical_volume": 57673264.65, "trend": 9.622667, "fair_value": 10.971145, "relative_strength": -15.168689, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.49408, "energy": 63.76137, "activity_lines": [ 8.669333, 8.916545, 9.026905, 9.205828 ] }, { "date": "2024-06-21", "close": 7.98, "volume": 28059526, "typical_volume": 55840127.35, "trend": 9.5, "fair_value": 10.979859, "relative_strength": -15.895247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.22512, "energy": 74.818253, "activity_lines": [ 8.368667, 8.731273, 8.932571, 9.099849 ] }, { "date": "2024-06-28", "close": 7.1, "volume": 62534251, "typical_volume": 54671294.15, "trend": 9.359333, "fair_value": 10.982313, "relative_strength": -23.103748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.767884, "energy": 88.361851, "activity_lines": [ 7.874667, 8.408, 8.76019, 8.945011 ] }, { "date": "2024-07-05", "close": 6.69, "volume": 51656177, "typical_volume": 51834181.55, "trend": 9.209667, "fair_value": 10.97936, "relative_strength": -25.999015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.633789, "energy": 93.942905, "activity_lines": [ 7.378667, 8.034909, 8.549048, 8.772796 ] }, { "date": "2024-07-12", "close": 7.23, "volume": 61745561, "typical_volume": 48994333.35, "trend": 9.092333, "fair_value": 10.97888, "relative_strength": -21.078328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.39964, "energy": 85.908145, "activity_lines": [ 7.225333, 7.802727, 8.394571, 8.645075 ] }, { "date": "2024-07-19", "close": 6.83, "volume": 43084927, "typical_volume": 46404459.15, "trend": 8.960667, "fair_value": 10.97571, "relative_strength": -25.42382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.301766, "energy": 90.110726, "activity_lines": [ 7.021333, 7.536545, 8.211238, 8.499118 ] }, { "date": "2024-07-26", "close": 6.4, "volume": 44126618, "typical_volume": 44893863.35, "trend": 8.821333, "fair_value": 10.966654, "relative_strength": -27.208513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.560024, "energy": 91.62712, "activity_lines": [ 6.766, 7.241273, 7.998476, 8.333914 ] }, { "date": "2024-08-02", "close": 6.61, "volume": 42501517, "typical_volume": 43587862.85, "trend": 8.655, "fair_value": 10.964578, "relative_strength": -23.846357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.178822, "energy": 77.441246, "activity_lines": [ 6.686, 7.040182, 7.818476, 8.191247 ] }, { "date": "2024-08-09", "close": 6.43, "volume": 32805526, "typical_volume": 42844077.15, "trend": 8.506333, "fair_value": 10.956654, "relative_strength": -24.087306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.001889, "energy": 77.513498, "activity_lines": [ 6.578667, 6.852, 7.635381, 8.047699 ] }, { "date": "2024-08-16", "close": 6.0, "volume": 45469119, "typical_volume": 41932986.8, "trend": 8.350333, "fair_value": 10.944282, "relative_strength": -28.128492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.818124, "energy": 72.79672, "activity_lines": [ 6.345333, 6.634727, 7.425667, 7.886 ] }, { "date": "2024-08-23", "close": 5.64, "volume": 44281617, "typical_volume": 42431155.0, "trend": 8.210667, "fair_value": 10.931356, "relative_strength": -30.32505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.059316, "energy": 74.10217, "activity_lines": [ 6.074, 6.396909, 7.196857, 7.71114 ] }, { "date": "2024-08-30", "close": 5.94, "volume": 50131530, "typical_volume": 41943996.95, "trend": 8.102333, "fair_value": 10.923859, "relative_strength": -27.449385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.114946, "energy": 72.057673, "activity_lines": [ 5.982, 6.260364, 7.015429, 7.564645 ] }, { "date": "2024-09-06", "close": 5.61, "volume": 63023561, "typical_volume": 41991364.55, "trend": 8.050667, "fair_value": 10.914997, "relative_strength": -29.111468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.897361, "energy": 81.9199, "activity_lines": [ 5.810667, 6.100909, 6.818048, 7.403849 ] }, { "date": "2024-09-13", "close": 5.3, "volume": 55882100, "typical_volume": 42696383.45, "trend": 7.967667, "fair_value": 10.900016, "relative_strength": -31.119503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.048065, "energy": 84.882229, "activity_lines": [ 5.602667, 5.912182, 6.604714, 7.226387 ] }, { "date": "2024-09-20", "close": 5.32, "volume": 32725031, "typical_volume": 43395138.7, "trend": 7.839333, "fair_value": 10.886228, "relative_strength": -31.027249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.373794, "energy": 76.562126, "activity_lines": [ 5.476667, 5.752364, 6.411095, 7.05557 ] }, { "date": "2024-09-27", "close": 6.44, "volume": 101738096, "typical_volume": 46201962.05, "trend": 7.745667, "fair_value": 10.876364, "relative_strength": -28.591291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.08931, "energy": 59.578453, "activity_lines": [ 5.769333, 5.830909, 6.343381, 6.96529 ] }, { "date": "2024-10-04", "close": 7.08, "volume": 36835410, "typical_volume": 46152880.1, "trend": 7.679, "fair_value": 10.870165, "relative_strength": -28.511945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.517803, "energy": 34.620436, "activity_lines": [ 6.222, 6.032909, 6.351333, 6.922344 ] }, { "date": "2024-10-11", "close": 6.04, "volume": 177267611, "typical_volume": 53346227.65, "trend": 7.561667, "fair_value": 10.851977, "relative_strength": -35.637379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.707979, "energy": 24.336752, "activity_lines": [ 6.252, 6.033455, 6.271667, 6.816602 ] }, { "date": "2024-10-18", "close": 6.1, "volume": 142040682, "typical_volume": 59063870.95, "trend": 7.450333, "fair_value": 10.833799, "relative_strength": -36.353183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.781309, "energy": 27.00953, "activity_lines": [ 6.273333, 6.055273, 6.212381, 6.722301 ] }, { "date": "2024-10-25", "close": 7.07, "volume": 208955777, "typical_volume": 67460048.85, "trend": 7.379667, "fair_value": 10.827661, "relative_strength": -27.581802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.438952, "energy": 18.685189, "activity_lines": [ 6.564667, 6.259455, 6.259905, 6.697763 ] }, { "date": "2024-11-01", "close": 6.75, "volume": 276187921, "typical_volume": 80052627.9, "trend": 7.285, "fair_value": 10.82498, "relative_strength": -29.164304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.534427, "energy": 12.014001, "activity_lines": [ 6.632667, 6.386, 6.283619, 6.65714 ] }, { "date": "2024-11-08", "close": 8.55, "volume": 366830845, "typical_volume": 96991193.85, "trend": 7.263667, "fair_value": 10.833462, "relative_strength": -15.38242, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 46.500795, "energy": 40.182897, "activity_lines": [ 7.28, 6.819636, 6.485714, 6.738753 ] }, { "date": "2024-11-15", "close": 8.52, "volume": 345120146, "typical_volume": 111120488.6, "trend": 7.265667, "fair_value": 10.847449, "relative_strength": -11.840939, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.344894, "energy": 57.108394, "activity_lines": [ 7.819333, 7.200364, 6.682238, 6.819806 ] }, { "date": "2024-11-22", "close": 7.92, "volume": 184100903, "typical_volume": 117742724.9, "trend": 7.228333, "fair_value": 10.855773, "relative_strength": -14.867714, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.721243, "energy": 58.359712, "activity_lines": [ 7.993333, 7.419091, 6.814857, 6.862022 ] }, { "date": "2024-11-29", "close": 7.69, "volume": 106373747, "typical_volume": 119974134.2, "trend": 7.172667, "fair_value": 10.865128, "relative_strength": -17.933566, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.507822, "energy": 59.95569, "activity_lines": [ 7.969333, 7.548364, 6.919714, 6.891806 ] }, { "date": "2024-12-06", "close": 9.33, "volume": 191282822, "typical_volume": 127384028.95, "trend": 7.166, "fair_value": 10.887885, "relative_strength": -1.476341, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.951231, "energy": 62.272582, "activity_lines": [ 8.450667, 7.932727, 7.178571, 7.030989 ] }, { "date": "2024-12-13", "close": 9.5, "volume": 267567279, "typical_volume": 138556062.0, "trend": 7.166667, "fair_value": 10.909423, "relative_strength": 1.582532, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 75.954254, "energy": 63.907431, "activity_lines": [ 8.816667, 8.295455, 7.441714, 7.18157 ] }, { "date": "2024-12-20", "close": 9.57, "volume": 195559554, "typical_volume": 146208963.85, "trend": 7.181667, "fair_value": 10.92782, "relative_strength": 3.53933, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.66391, "energy": 67.608033, "activity_lines": [ 9.142667, 8.626909, 7.696762, 7.336624 ] }, { "date": "2024-12-27", "close": 10.42, "volume": 237932598, "typical_volume": 156465317.45, "trend": 7.224667, "fair_value": 10.943013, "relative_strength": 13.019558, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.027268, "energy": 83.378771, "activity_lines": [ 9.682, 9.048727, 8.018667, 7.545548 ] }, { "date": "2025-01-03", "close": 10.28, "volume": 178855738, "typical_volume": 163134648.4, "trend": 7.285, "fair_value": 10.950833, "relative_strength": 20.575896, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.371753, "energy": 78.882479, "activity_lines": [ 10.008, 9.366545, 8.308238, 7.742667 ] }, { "date": "2025-01-10", "close": 11.79, "volume": 207686334, "typical_volume": 171304884.25, "trend": 7.404333, "fair_value": 10.971538, "relative_strength": 39.687165, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.211563, "energy": 90.011897, "activity_lines": [ 10.664667, 9.900545, 8.721238, 8.033312 ] }, { "date": "2025-01-17", "close": 11.76, "volume": 153144673, "typical_volume": 176455541.4, "trend": 7.530333, "fair_value": 10.983077, "relative_strength": 34.411139, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.356483, "energy": 87.521915, "activity_lines": [ 11.147333, 10.337455, 9.102095, 8.314323 ] }, { "date": "2025-01-24", "close": 10.13, "volume": 202075481, "typical_volume": 183408137.4, "trend": 7.631333, "fair_value": 10.984487, "relative_strength": 14.647228, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.168272, "energy": 58.1876, "activity_lines": [ 10.936, 10.419636, 9.3, 8.482043 ] }, { "date": "2025-01-31", "close": 10.06, "volume": 16883855, "typical_volume": 181458225.15, "trend": 7.743667, "fair_value": 10.981667, "relative_strength": 15.53784, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.228134, "energy": 52.472897, "activity_lines": [ 10.664, 10.459818, 9.469714, 8.638731 ] }, { "date": "2025-02-07", "close": 10.6, "volume": 75542939, "typical_volume": 183599120.55, "trend": 7.856, "fair_value": 10.983846, "relative_strength": 16.609101, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.912764, "energy": 46.354495, "activity_lines": [ 10.596, 10.559273, 9.66819, 8.823011 ] }, { "date": "2025-02-14", "close": 11.2, "volume": 143767665, "typical_volume": 185700599.0, "trend": 8.001667, "fair_value": 10.988205, "relative_strength": 20.792382, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.472515, "energy": 40.359993, "activity_lines": [ 10.706667, 10.714909, 9.898667, 9.038753 ] }, { "date": "2025-02-21", "close": 12.25, "volume": 182751026, "typical_volume": 192996379.8, "trend": 8.196667, "fair_value": 11.001667, "relative_strength": 28.911661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.007737, "energy": 53.176168, "activity_lines": [ 11.206667, 11.027455, 10.206476, 9.312839 ] }, { "date": "2025-02-28", "close": 12.2, "volume": 191936823, "typical_volume": 193729840.4, "trend": 8.383, "fair_value": 11.015833, "relative_strength": 32.485748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.026281, "energy": 55.73036, "activity_lines": [ 11.657333, 11.280909, 10.484905, 9.571118 ] }, { "date": "2025-03-07", "close": 11.42, "volume": 135500236, "typical_volume": 193402818.1, "trend": 8.549333, "fair_value": 11.027308, "relative_strength": 21.130986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.844516, "energy": 54.430932, "activity_lines": [ 11.71, 11.344727, 10.659714, 9.767054 ] }, { "date": "2025-03-14", "close": 11.63, "volume": 127835425, "typical_volume": 189346800.5, "trend": 8.737, "fair_value": 11.033333, "relative_strength": 21.671813, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.223017, "energy": 52.40835, "activity_lines": [ 11.742, 11.428545, 10.82919, 9.965806 ] }, { "date": "2025-03-21", "close": 11.45, "volume": 82978461, "typical_volume": 179686327.5, "trend": 8.930667, "fair_value": 11.033462, "relative_strength": 22.818336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.17355, "energy": 43.787359, "activity_lines": [ 11.645333, 11.455091, 10.95981, 10.140839 ] }, { "date": "2025-03-28", "close": 11.5, "volume": 98122254, "typical_volume": 166250897.95, "trend": 9.116, "fair_value": 11.036923, "relative_strength": 23.996187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.451698, "energy": 35.494081, "activity_lines": [ 11.548667, 11.496909, 11.07281, 10.306602 ] }, { "date": "2025-04-04", "close": 11.9, "volume": 85191770, "typical_volume": 153254479.15, "trend": 9.325667, "fair_value": 11.046859, "relative_strength": 30.887207, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.200171, "energy": 36.679811, "activity_lines": [ 11.635333, 11.616182, 11.209857, 10.486215 ] }, { "date": "2025-04-11", "close": 10.03, "volume": 133655185, "typical_volume": 150732193.25, "trend": 9.483333, "fair_value": 11.040577, "relative_strength": 16.217812, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.884722, "energy": 14.937176, "activity_lines": [ 11.118667, 11.363273, 11.152714, 10.531656 ] }, { "date": "2025-04-18", "close": 9.83, "volume": 99402756, "typical_volume": 150383643.7, "trend": 9.633667, "fair_value": 11.033974, "relative_strength": 14.281576, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.491087, "energy": 12.380076, "activity_lines": [ 10.628, 11.074545, 11.066476, 10.554022 ] }, { "date": "2025-04-25", "close": 11.43, "volume": 131633522, "typical_volume": 147401178.7, "trend": 9.8, "fair_value": 11.034872, "relative_strength": 30.505197, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.277617, "energy": 15.326689, "activity_lines": [ 10.790667, 11.090727, 11.122429, 10.669914 ] }, { "date": "2025-05-02", "close": 11.03, "volume": 92139699, "typical_volume": 138629799.7, "trend": 9.931667, "fair_value": 11.036987, "relative_strength": 25.779832, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.560321, "energy": 14.389906, "activity_lines": [ 10.821333, 11.03, 11.130286, 10.749269 ] }, { "date": "2025-05-09", "close": 11.56, "volume": 97590428, "typical_volume": 133731343.4, "trend": 10.115667, "fair_value": 11.049038, "relative_strength": 28.416398, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.744413, "energy": 11.570063, "activity_lines": [ 11.06, 11.087818, 11.181333, 10.854323 ] }, { "date": "2025-05-16", "close": 11.25, "volume": 106507727, "typical_volume": 127160099.85, "trend": 10.287333, "fair_value": 11.058013, "relative_strength": 23.979458, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.281483, "energy": 19.854829, "activity_lines": [ 11.218, 11.100909, 11.193381, 10.927505 ] }, { "date": "2025-05-23", "close": 11.45, "volume": 146953799, "typical_volume": 125565002.9, "trend": 10.433333, "fair_value": 11.079808, "relative_strength": 26.328731, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.566577, "energy": 21.63382, "activity_lines": [ 11.361333, 11.153455, 11.220524, 11.002516 ] }, { "date": "2025-05-30", "close": 10.06, "volume": 139572577, "typical_volume": 122159315.05, "trend": 10.543667, "fair_value": 11.091218, "relative_strength": 11.94245, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.660088, "energy": 4.925258, "activity_lines": [ 10.933333, 10.956545, 11.109714, 10.97843 ] }, { "date": "2025-06-06", "close": 10.14, "volume": 58706001, "typical_volume": 117437381.45, "trend": 10.596667, "fair_value": 11.100962, "relative_strength": 11.055158, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.185514, "energy": 12.034061, "activity_lines": [ 10.623333, 10.799455, 11.014762, 10.952387 ] }, { "date": "2025-06-13", "close": 9.57, "volume": 78319126, "typical_volume": 111249563.7, "trend": 10.631667, "fair_value": 11.094487, "relative_strength": 5.318909, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.396128, "energy": 39.972815, "activity_lines": [ 10.182667, 10.563455, 10.873238, 10.886151 ] }, { "date": "2025-06-20", "close": 9.99, "volume": 67082491, "typical_volume": 113759495.5, "trend": 10.700667, "fair_value": 11.084808, "relative_strength": 10.946736, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.31448, "energy": 42.533244, "activity_lines": [ 10.014667, 10.446182, 10.774381, 10.844753 ] }, { "date": "2025-06-27", "close": 10.22, "volume": 93970419, "typical_volume": 114680869.5, "trend": 10.785, "fair_value": 11.071474, "relative_strength": 8.99154, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.073965, "energy": 42.738387, "activity_lines": [ 10.007333, 10.371455, 10.697762, 10.813742 ] }, { "date": "2025-07-04", "close": 10.55, "volume": 93997770, "typical_volume": 112192374.75, "trend": 10.825667, "fair_value": 11.05641, "relative_strength": 10.564737, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.57763, "energy": 38.233009, "activity_lines": [ 10.192, 10.349636, 10.654381, 10.798581 ] }, { "date": "2025-07-11", "close": 10.37, "volume": 55903112, "typical_volume": 105849979.05, "trend": 10.854667, "fair_value": 11.023397, "relative_strength": 6.430103, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.286472, "energy": 25.12163, "activity_lines": [ 10.284, 10.311091, 10.596952, 10.769183 ] }, { "date": "2025-07-18", "close": 10.05, "volume": 66288680, "typical_volume": 99567571.9, "trend": 10.870667, "fair_value": 10.991474, "relative_strength": 0.761041, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.252258, "energy": 22.440908, "activity_lines": [ 10.254, 10.226364, 10.518, 10.717269 ] }, { "date": "2025-07-25", "close": 11.11, "volume": 131222149, "typical_volume": 99353667.55, "trend": 10.893667, "fair_value": 10.96532, "relative_strength": 8.281782, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.338969, "energy": 13.333311, "activity_lines": [ 10.545333, 10.361818, 10.550238, 10.73271 ] }, { "date": "2025-08-01", "close": 11.47, "volume": 117625154, "typical_volume": 98843154.0, "trend": 10.933333, "fair_value": 10.925513, "relative_strength": 12.948673, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.939775, "energy": 12.358352, "activity_lines": [ 10.882, 10.565273, 10.618238, 10.769892 ] }, { "date": "2025-08-08", "close": 12.13, "volume": 227287880, "typical_volume": 106058624.95, "trend": 10.944667, "fair_value": 10.885385, "relative_strength": 17.183585, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.203085, "energy": 36.914907, "activity_lines": [ 11.355333, 10.888364, 10.749857, 10.847097 ] }, { "date": "2025-08-15", "close": 11.76, "volume": 146423217, "typical_volume": 108473673.1, "trend": 10.944667, "fair_value": 10.841859, "relative_strength": 8.015661, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.35958, "energy": 43.702364, "activity_lines": [ 11.6, 11.106545, 10.843, 10.899699 ] }, { "date": "2025-08-22", "close": 11.48, "volume": 157415591, "typical_volume": 112084864.15, "trend": 10.989667, "fair_value": 10.796795, "relative_strength": 0.314062, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.276225, "energy": 46.788508, "activity_lines": [ 11.658667, 11.244364, 10.908238, 10.934237 ] }, { "date": "2025-08-29", "close": 11.38, "volume": 152068382, "typical_volume": 113005524.0, "trend": 11.033667, "fair_value": 10.738974, "relative_strength": -5.070296, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.521758, "energy": 46.250424, "activity_lines": [ 11.588667, 11.329273, 10.965952, 10.959419 ] }, { "date": "2025-09-05", "close": 11.4, "volume": 135331694, "typical_volume": 114801970.9, "trend": 11.060333, "fair_value": 10.687756, "relative_strength": -4.524922, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.139697, "energy": 22.599822, "activity_lines": [ 11.507333, 11.392545, 11.019143, 10.983054 ] }, { "date": "2025-09-12", "close": 11.23, "volume": 141564373, "typical_volume": 115298513.45, "trend": 11.061333, "fair_value": 10.642244, "relative_strength": -8.755527, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 11.052393, "energy": 11.107454, "activity_lines": [ 11.374, 11.403455, 11.048667, 10.994 ] }, { "date": "2025-09-19", "close": 10.6, "volume": 100879499, "typical_volume": 115735503.45, "trend": 11.006333, "fair_value": 10.606987, "relative_strength": -15.102001, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.325552, "energy": 9.109161, "activity_lines": [ 11.090667, 11.287455, 11.019143, 10.964237 ] }, { "date": "2025-09-26", "close": 10.75, "volume": 271173846, "typical_volume": 124414674.35, "trend": 10.958, "fair_value": 10.573333, "relative_strength": -15.035388, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.671096, "energy": 11.594337, "activity_lines": [ 10.934667, 11.194545, 11.005952, 10.947699 ] }, { "date": "2025-10-03", "close": 11.3, "volume": 71052885, "typical_volume": 122641932.25, "trend": 10.954, "fair_value": 10.537756, "relative_strength": -13.069299, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.727681, "energy": 17.45415, "activity_lines": [ 11.010667, 11.188909, 11.049, 10.969763 ] }, { "date": "2025-10-10", "close": 10.87, "volume": 55366604, "typical_volume": 118062572.5, "trend": 10.928667, "fair_value": 10.511346, "relative_strength": -15.666422, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.695842, "energy": 14.432797, "activity_lines": [ 10.948667, 11.101636, 11.050857, 10.964344 ] }, { "date": "2025-10-17", "close": 9.81, "volume": 112227283, "typical_volume": 116695307.8, "trend": 10.874, "fair_value": 10.474359, "relative_strength": -20.185603, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.874014, "energy": 23.289844, "activity_lines": [ 10.568667, 10.832545, 10.954524, 10.892172 ] }, { "date": "2025-10-24", "close": 9.89, "volume": 57687523, "typical_volume": 116644383.9, "trend": 10.820333, "fair_value": 10.449038, "relative_strength": -23.288662, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.559949, "energy": 39.211801, "activity_lines": [ 10.31, 10.620182, 10.867, 10.828688 ] }, { "date": "2025-10-31", "close": 9.96, "volume": 76008555, "typical_volume": 116528855.35, "trend": 10.755667, "fair_value": 10.423013, "relative_strength": -23.409979, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.353306, "energy": 48.328142, "activity_lines": [ 10.122, 10.454545, 10.787333, 10.773183 ] }, { "date": "2025-11-07", "close": 9.89, "volume": 48880706, "typical_volume": 115618766.1, "trend": 10.751, "fair_value": 10.406731, "relative_strength": -24.052592, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.847898, "energy": 67.72558, "activity_lines": [ 9.963333, 10.303818, 10.699143, 10.717333 ] }, { "date": "2025-11-14", "close": 10.62, "volume": 141653609, "typical_volume": 118002925.6, "trend": 10.777333, "fair_value": 10.398462, "relative_strength": -17.304381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.479235, "energy": 50.32245, "activity_lines": [ 10.142, 10.312909, 10.680952, 10.708882 ] }, { "date": "2025-11-21", "close": 9.3, "volume": 164321693, "typical_volume": 121519121.75, "trend": 10.706333, "fair_value": 10.367885, "relative_strength": -23.641539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.277419, "energy": 50.854982, "activity_lines": [ 9.897333, 10.096182, 10.535143, 10.61357 ] }, { "date": "2025-11-28", "close": 9.5, "volume": 59174939, "typical_volume": 121682713.1, "trend": 10.655333, "fair_value": 10.33359, "relative_strength": -24.68921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.578903, "energy": 47.938189, "activity_lines": [ 9.753333, 9.950909, 10.414333, 10.535742 ] }, { "date": "2025-12-05", "close": 9.45, "volume": 39839046, "typical_volume": 120360231.4, "trend": 10.585, "fair_value": 10.301859, "relative_strength": -25.803593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.411276, "energy": 45.760428, "activity_lines": [ 9.618667, 9.816545, 10.292905, 10.457978 ] }, { "date": "2025-12-12", "close": 9.0, "volume": 57511208, "typical_volume": 116674684.35, "trend": 10.51, "fair_value": 10.27391, "relative_strength": -29.63602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.775605, "energy": 68.713168, "activity_lines": [ 9.368, 9.624, 10.131476, 10.35572 ] }, { "date": "2025-12-19", "close": 9.01, "volume": 35940696, "typical_volume": 112590461.45, "trend": 10.428667, "fair_value": 10.240833, "relative_strength": -28.621271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.886825, "energy": 69.160231, "activity_lines": [ 9.18, 9.475091, 9.981048, 10.258946 ] }, { "date": "2025-12-26", "close": 9.02, "volume": 36271615, "typical_volume": 103039648.2, "trend": 10.394, "fair_value": 10.210192, "relative_strength": -30.540411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.96007, "energy": 72.305084, "activity_lines": [ 9.102667, 9.361818, 9.843286, 10.168065 ] }, { "date": "2026-01-02", "close": 8.82, "volume": 24503784, "typical_volume": 96943676.55, "trend": 10.35, "fair_value": 10.185577, "relative_strength": -31.148278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.233235, "energy": 74.91389, "activity_lines": [ 8.977333, 9.226545, 9.701286, 10.066516 ] }, { "date": "2026-01-09", "close": 9.19, "volume": 73609006, "typical_volume": 92753347.3, "trend": 10.337333, "fair_value": 10.171603, "relative_strength": -30.503702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.410159, "energy": 59.579873, "activity_lines": [ 9.020667, 9.178, 9.608524, 9.991677 ] }, { "date": "2026-01-16", "close": 8.9, "volume": 72114474, "typical_volume": 88755651.9, "trend": 10.301, "fair_value": 10.151923, "relative_strength": -32.717195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.248093, "energy": 55.130463, "activity_lines": [ 8.984667, 9.090727, 9.499048, 9.898946 ] }, { "date": "2026-01-23", "close": 9.13, "volume": 68515877, "typical_volume": 85414861.05, "trend": 10.264667, "fair_value": 10.127308, "relative_strength": -31.234017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.884149, "energy": 44.099564, "activity_lines": [ 9.032, 9.063273, 9.423286, 9.823398 ] }, { "date": "2026-01-30", "close": 10.1, "volume": 250339750, "typical_volume": 90853629.9, "trend": 10.249667, "fair_value": 10.100577, "relative_strength": -22.221489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.857725, "energy": 17.555, "activity_lines": [ 9.394667, 9.239273, 9.450714, 9.812774 ] }, { "date": "2026-02-06", "close": 9.36, "volume": 140529298, "typical_volume": 92836119.85, "trend": 10.216, "fair_value": 10.067949, "relative_strength": -25.856023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.134985, "energy": 17.876638, "activity_lines": [ 9.438667, 9.266182, 9.413048, 9.755376 ] }, { "date": "2026-02-13", "close": 9.22, "volume": 84031049, "typical_volume": 83478980.0, "trend": 10.188333, "fair_value": 10.02, "relative_strength": -27.370056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.361333, "energy": 19.394454, "activity_lines": [ 9.4, 9.270182, 9.367952, 9.691118 ] }, { "date": "2026-02-27", "close": 9.41, "volume": 83851240, "typical_volume": 84118897.75, "trend": 10.131667, "fair_value": 9.972436, "relative_strength": -27.168924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.7259, "energy": 19.648838, "activity_lines": [ 9.422667, 9.312909, 9.348238, 9.640903 ] }, { "date": "2026-03-06", "close": 8.65, "volume": 86917332, "typical_volume": 85696434.15, "trend": 10.037667, "fair_value": 9.929872, "relative_strength": -30.721687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.295703, "energy": 35.204676, "activity_lines": [ 9.158, 9.21, 9.265143, 9.545312 ] }, { "date": "2026-03-13", "close": 10.15, "volume": 225707624, "typical_volume": 91370451.2, "trend": 9.971667, "fair_value": 9.898269, "relative_strength": -18.716219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.173126, "energy": 5.249708, "activity_lines": [ 9.425333, 9.386364, 9.335476, 9.552559 ] }, { "date": "2026-03-20", "close": 8.78, "volume": 185317587, "typical_volume": 97751954.4, "trend": 9.872333, "fair_value": 9.861923, "relative_strength": -26.900134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.419085, "energy": 22.129014, "activity_lines": [ 9.232667, 9.293091, 9.273714, 9.475677 ] }, { "date": "2026-03-27", "close": 9.2, "volume": 163787818, "typical_volume": 102140917.55, "trend": 9.796333, "fair_value": 9.832756, "relative_strength": -22.117839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.370971, "energy": 18.640721, "activity_lines": [ 9.218667, 9.276909, 9.257238, 9.432301 ] }, { "date": "2026-04-03", "close": 8.19, "volume": 117636184, "typical_volume": 105578691.45, "trend": 9.69, "fair_value": 9.805962, "relative_strength": -27.790673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.081542, "energy": 31.287799, "activity_lines": [ 8.869333, 9.076909, 9.14819, 9.328667 ] }, { "date": "2026-04-10", "close": 8.41, "volume": 64664143, "typical_volume": 101729218.15, "trend": 9.590333, "fair_value": 9.779103, "relative_strength": -29.918758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.189324, "energy": 48.483216, "activity_lines": [ 8.674667, 8.929818, 9.06819, 9.246086 ] }, { "date": "2026-04-17", "close": 8.76, "volume": 95941059, "typical_volume": 98310186.45, "trend": 9.508, "fair_value": 9.754872, "relative_strength": -29.125518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.355951, "energy": 44.853486, "activity_lines": [ 8.612667, 8.859455, 9.032048, 9.192516 ] }, { "date": "2026-04-24", "close": 8.65, "volume": 57148188, "typical_volume": 98208848.9, "trend": 9.443, "fair_value": 9.733205, "relative_strength": -29.577808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.703068, "energy": 45.296366, "activity_lines": [ 8.606667, 8.793455, 8.988, 9.137161 ] }, { "date": "2026-05-01", "close": 9.51, "volume": 92649037, "typical_volume": 100849348.45, "trend": 9.401667, "fair_value": 9.717115, "relative_strength": -22.485012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.276844, "energy": 17.516633, "activity_lines": [ 8.896, 8.896727, 9.029905, 9.141484 ] }, { "date": "2026-05-08", "close": 9.62, "volume": 58343869, "typical_volume": 100890981.5, "trend": 9.345667, "fair_value": 9.70859, "relative_strength": -22.982301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.433859, "energy": 11.091559, "activity_lines": [ 9.201333, 9.014727, 9.082, 9.15557 ] }, { "date": "2026-05-15", "close": 9.94, "volume": 150708937, "typical_volume": 106629393.55, "trend": 9.314667, "fair_value": 9.705128, "relative_strength": -19.437396, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.271184, "energy": 19.979957, "activity_lines": [ 9.518, 9.187091, 9.161619, 9.193914 ] }, { "date": "2026-05-22", "close": 10.28, "volume": 212011729, "typical_volume": 115416399.25, "trend": 9.330333, "fair_value": 9.7075, "relative_strength": -15.964482, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.12706, "energy": 35.239597, "activity_lines": [ 9.846, 9.397818, 9.26919, 9.256194 ] }, { "date": "2026-05-29", "close": 9.46, "volume": 137733312, "typical_volume": 121077875.65, "trend": 9.316, "fair_value": 9.707372, "relative_strength": -21.552285, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.730969, "energy": 36.169134, "activity_lines": [ 9.799333, 9.457091, 9.292667, 9.264559 ] }, { "date": "2026-06-05", "close": 10.76, "volume": 37067727, "typical_volume": 119250811.7, "trend": 9.342667, "fair_value": 9.714744, "relative_strength": -8.574862, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.924095, "energy": 60.31539, "activity_lines": [ 10.132, 9.740364, 9.436905, 9.35772 ] }, { "date": "2026-06-12", "close": 10.08, "volume": 40449558, "typical_volume": 117667565.9, "trend": 9.349, "fair_value": 9.720769, "relative_strength": -11.629739, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.712619, "energy": 51.489894, "activity_lines": [ 10.154667, 9.871636, 9.508905, 9.40529 ] }, { "date": "2026-06-19", "close": 10.45, "volume": 124766807, "typical_volume": 120480112.4, "trend": 9.343333, "fair_value": 9.726667, "relative_strength": -13.847385, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.060688, "energy": 50.612836, "activity_lines": [ 10.27, 10.035818, 9.610524, 9.476323 ] }, { "date": "2026-06-26", "close": 14.6, "volume": 114333685, "typical_volume": 113679809.15, "trend": 9.52, "fair_value": 9.761795, "relative_strength": 22.489945, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.12006, "energy": 85.717584, "activity_lines": [ 11.734667, 10.917455, 10.101095, 9.815462 ] }, { "date": "2026-07-03", "close": 14.2, "volume": 52257936, "typical_volume": 109266241.05, "trend": 9.676667, "fair_value": 9.782436, "relative_strength": 20.773433, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.183354, "energy": 91.590262, "activity_lines": [ 12.778, 11.620182, 10.532143, 10.117398 ] }, { "date": "2026-07-10", "close": 10.97, "volume": 209735984, "typical_volume": 115551487.8, "trend": 9.727333, "fair_value": 9.784231, "relative_strength": -2.599633, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.560148, "energy": 74.198344, "activity_lines": [ 12.428667, 11.634727, 10.632524, 10.200839 ] }, { "date": "2026-07-17", "close": 8.13, "volume": 172611905, "typical_volume": 119989521.05, "trend": 9.698333, "fair_value": 9.760256, "relative_strength": -19.985947, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.006198, "energy": 29.750394, "activity_lines": [ 11.118667, 11.106364, 10.454095, 10.097785 ] }, { "date": "2026-07-24", "close": 7.37, "volume": 197479907, "typical_volume": 125517649.8, "trend": 9.643667, "fair_value": 9.732179, "relative_strength": -27.093039, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 0.432362, "energy": 13.197443, "activity_lines": [ 9.685333, 10.466909, 10.209381, 9.94757 ] }, { "date": "2026-07-31", "close": 7.64, "volume": 138961503, "typical_volume": 121180343.75, "trend": 9.597667, "fair_value": 9.706218, "relative_strength": -22.454411, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -29.639389, "energy": 38.367228, "activity_lines": [ 8.547333, 9.923273, 9.996476, 9.818301 ] }, { "date": "2026-08-07", "close": 8.06, "volume": 134011484, "typical_volume": 118615038.6, "trend": 9.572333, "fair_value": 9.675769, "relative_strength": -21.375338, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -21.916659, "energy": 38.448722, "activity_lines": [ 8.013333, 9.504, 9.835524, 9.719097 ] } ], "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." } } }