{ "ticker": { "uuid": "b422ec03-30de-4ef8-a00c-9ed75f9065c0", "symbol": "603078", "name": "Jiangyin Jianghua Microelectronics Materials Co., Ltd", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 19.194, "architecture_energy": 28.509, "architecture_maturity": 74.125, "architecture_confidence": 95.832, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 44.75, "rotation_up": 19.32, "upward_expansion": 54.68, "deceleration": 91.17, "rotation_down": 46.25, "downward_expansion": 23.02 }, "activity_lines": [ 33.835333, 38.83801, 37.291037, 34.237885 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 36.369999, "trend_reference": 30.587063, "distance_from_trend": 0.189065, "trend_direction": "Improving", "fair_value": 18.885427, "distance_from_fair_value": 0.925823, "fair_value_direction": "Improving", "relative_strength": 43.094026, "relative_strength_direction": "Improving", "price_momentum": 0.43189, "excess_performance": 0.475094, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.189065, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.340268, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.925823, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.376907, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.43094, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.245487, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.43189, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.818697, "read": "Demand-led" } ], "volume": { "latest": 139385781, "relative_activity": 1.214715, "balance": 1.818697, "dry_up": 1.192095, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.223984, "annualized_volatility": 0.814825, "from_high_reference": -0.38874, "from_low_reference": 1.09023 }, "levels": { "trend_reference": 30.587063, "fair_value_reference": 18.885427, "structural_low": 21.02, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.055687, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.034838, "regime_survival": 0.428571, "best_return": 0.299399, "worst_return": -0.185478, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.126675, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.120639, "regime_survival": 0.0, "best_return": 1.056025, "worst_return": -0.189864, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.160676, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.105257, "regime_survival": 0.0, "best_return": 0.213084, "worst_return": -0.211635, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.200681, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.128338, "regime_survival": 0.0, "best_return": 0.286966, "worst_return": 0.114396, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-10-04", "tenure": "New", "return": 0.230836, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": 0.075768, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-01-03", "tenure": "Developing", "return": -0.010828, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": 0.186842, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-06-06", "tenure": "Established", "return": 0.052803, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-08-15", "tenure": "Developing", "return": 0.133022, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-14", "tenure": "Established", "return": -0.120429, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2025-12-26", "tenure": "Developing", "return": 0.02274, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.090756, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": 0.464052, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.085827, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-01", "tenure": "Developing", "return": 0.10175, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-07-24", "tenure": "Developing", "return": 0.224163, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.298929, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 15.748199, "volume": 14548132, "typical_volume": 43285497.15, "trend": 17.10978, "fair_value": 16.541531, "relative_strength": -11.688269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.063105, "energy": 56.633779, "activity_lines": [ 16.006065, 16.159396, 16.722979, 16.998495 ] }, { "date": "2023-08-04", "close": 15.965281, "volume": 13045332, "typical_volume": 37607964.35, "trend": 17.125118, "fair_value": 16.511735, "relative_strength": -10.55658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.072106, "energy": 50.32638, "activity_lines": [ 15.954755, 16.083508, 16.593762, 16.924656 ] }, { "date": "2023-08-11", "close": 14.978552, "volume": 12615849, "typical_volume": 33933645.2, "trend": 17.074554, "fair_value": 16.472713, "relative_strength": -13.216971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.882772, "energy": 71.101475, "activity_lines": [ 15.601506, 15.855843, 16.383788, 16.786168 ] }, { "date": "2023-08-18", "close": 14.376647, "volume": 15511850, "typical_volume": 29424335.75, "trend": 17.020558, "fair_value": 16.434355, "relative_strength": -14.581273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.25291, "energy": 82.191095, "activity_lines": [ 15.132481, 15.561439, 16.13246, 16.61211 ] }, { "date": "2023-08-25", "close": 15.698862, "volume": 72249619, "typical_volume": 27770223.8, "trend": 16.985436, "fair_value": 16.395428, "relative_strength": -4.207304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.511259, "energy": 60.393336, "activity_lines": [ 15.241021, 15.538116, 16.030719, 16.526839 ] }, { "date": "2023-09-01", "close": 16.47838, "volume": 72487816, "typical_volume": 27677033.9, "trend": 16.954627, "fair_value": 16.356493, "relative_strength": -1.249496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.029626, "energy": 39.043822, "activity_lines": [ 15.615978, 15.669441, 16.022959, 16.494126 ] }, { "date": "2023-09-08", "close": 17.583515, "volume": 104843946, "typical_volume": 29667584.7, "trend": 16.961412, "fair_value": 16.334368, "relative_strength": 6.016113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.599924, "energy": 10.774135, "activity_lines": [ 16.310635, 15.992012, 16.134319, 16.534699 ] }, { "date": "2023-09-15", "close": 16.784266, "volume": 67446196, "typical_volume": 30891464.35, "trend": 16.964234, "fair_value": 16.312268, "relative_strength": 1.262072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.455552, "energy": 22.942145, "activity_lines": [ 16.630993, 16.147197, 16.169671, 16.52327 ] }, { "date": "2023-09-22", "close": 16.15276, "volume": 34984973, "typical_volume": 32080867.7, "trend": 16.952558, "fair_value": 16.28649, "relative_strength": -2.801336, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.822173, "energy": 20.179083, "activity_lines": [ 16.620469, 16.177876, 16.148795, 16.470917 ] }, { "date": "2023-09-29", "close": 16.202097, "volume": 21433259, "typical_volume": 31955948.8, "trend": 16.931943, "fair_value": 16.276585, "relative_strength": -1.624951, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.944029, "energy": 16.50376, "activity_lines": [ 16.507982, 16.222548, 16.137707, 16.4225 ] }, { "date": "2023-10-13", "close": 16.419176, "volume": 30951420, "typical_volume": 32223706.95, "trend": 16.902689, "fair_value": 16.260421, "relative_strength": 0.483236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.610877, "energy": 8.999842, "activity_lines": [ 16.434306, 16.299333, 16.150598, 16.389419 ] }, { "date": "2023-10-20", "close": 15.254834, "volume": 29790101, "typical_volume": 32363967.7, "trend": 16.786492, "fair_value": 16.242595, "relative_strength": -3.311008, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.412331, "energy": 25.186985, "activity_lines": [ 15.976463, 16.152221, 16.058362, 16.283105 ] }, { "date": "2023-10-27", "close": 15.82714, "volume": 23323230, "typical_volume": 32283431.95, "trend": 16.70298, "fair_value": 16.228808, "relative_strength": -0.869092, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.0361, "energy": 22.874343, "activity_lines": [ 15.864635, 16.122081, 16.03125, 16.221212 ] }, { "date": "2023-11-03", "close": 16.468513, "volume": 32936346, "typical_volume": 32595398.6, "trend": 16.607079, "fair_value": 16.21333, "relative_strength": 2.783877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.680042, "energy": 15.642214, "activity_lines": [ 16.030405, 16.193126, 16.072364, 16.206085 ] }, { "date": "2023-11-10", "close": 17.899271, "volume": 100140947, "typical_volume": 36527816.1, "trend": 16.54224, "fair_value": 16.205345, "relative_strength": 11.442782, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.455775, "energy": 16.441452, "activity_lines": [ 16.652045, 16.486274, 16.247814, 16.289452 ] }, { "date": "2023-11-17", "close": 17.405905, "volume": 40517648, "typical_volume": 37835644.9, "trend": 16.476074, "fair_value": 16.204522, "relative_strength": 7.919542, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.781964, "energy": 35.679145, "activity_lines": [ 16.996084, 16.649712, 16.369182, 16.345172 ] }, { "date": "2023-11-24", "close": 16.734928, "volume": 30305616, "typical_volume": 38465096.2, "trend": 16.447012, "fair_value": 16.201048, "relative_strength": 4.23754, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.791323, "energy": 34.89598, "activity_lines": [ 17.050683, 16.67429, 16.419693, 16.361873 ] }, { "date": "2023-12-01", "close": 16.715195, "volume": 25515831, "typical_volume": 38817247.6, "trend": 16.417293, "fair_value": 16.193863, "relative_strength": 4.588764, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.888804, "energy": 38.959127, "activity_lines": [ 17.00003, 16.71071, 16.466586, 16.379175 ] }, { "date": "2023-12-08", "close": 16.103424, "volume": 20477297, "typical_volume": 39044079.4, "trend": 16.380033, "fair_value": 16.184549, "relative_strength": 2.83618, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.696435, "energy": 10.002137, "activity_lines": [ 16.686251, 16.637154, 16.453007, 16.358925 ] }, { "date": "2023-12-15", "close": 16.07382, "volume": 20476222, "typical_volume": 39180081.5, "trend": 16.352623, "fair_value": 16.177604, "relative_strength": 3.541532, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.244627, "energy": 9.376315, "activity_lines": [ 16.386943, 16.559112, 16.438159, 16.339169 ] }, { "date": "2023-12-22", "close": 15.60019, "volume": 17943434, "typical_volume": 39349846.6, "trend": 16.284981, "fair_value": 16.169672, "relative_strength": 1.473321, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.2743, "energy": 18.339627, "activity_lines": [ 16.051455, 16.397288, 16.376888, 16.290625 ] }, { "date": "2023-12-29", "close": 15.807404, "volume": 20255131, "typical_volume": 39710336.55, "trend": 16.229066, "fair_value": 16.159455, "relative_strength": 0.780835, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.285596, "energy": 23.928437, "activity_lines": [ 15.905419, 16.288031, 16.336056, 16.259814 ] }, { "date": "2024-01-05", "close": 15.096958, "volume": 15041837, "typical_volume": 39831635.95, "trend": 16.154732, "fair_value": 16.156686, "relative_strength": -2.276614, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.784839, "energy": 46.073525, "activity_lines": [ 15.584403, 16.039554, 16.228314, 16.186775 ] }, { "date": "2024-01-12", "close": 14.573993, "volume": 16795112, "typical_volume": 39895799.05, "trend": 16.105067, "fair_value": 16.151533, "relative_strength": -4.129908, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -76.570039, "energy": 70.568344, "activity_lines": [ 15.196947, 15.709269, 16.070203, 16.084792 ] }, { "date": "2024-01-19", "close": 13.755007, "volume": 20873083, "typical_volume": 37326972.25, "trend": 16.01659, "fair_value": 16.142807, "relative_strength": -7.806116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.288355, "energy": 80.587068, "activity_lines": [ 14.638459, 15.264523, 15.833153, 15.933175 ] }, { "date": "2024-01-26", "close": 13.291245, "volume": 28329625, "typical_volume": 35119062.7, "trend": 15.928114, "fair_value": 16.130511, "relative_strength": -13.161245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.631452, "energy": 86.617512, "activity_lines": [ 14.07997, 14.810807, 15.561192, 15.757346 ] }, { "date": "2024-02-02", "close": 10.903359, "volume": 27308609, "typical_volume": 31242295.85, "trend": 15.745898, "fair_value": 16.106662, "relative_strength": -23.746836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.300455, "energy": 96.377279, "activity_lines": [ 12.879449, 13.997742, 15.076989, 15.433168 ] }, { "date": "2024-02-09", "close": 11.288183, "volume": 44359224, "typical_volume": 30087947.25, "trend": 15.580456, "fair_value": 16.085451, "relative_strength": -24.408078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.314596, "energy": 93.992704, "activity_lines": [ 12.13414, 13.360674, 14.661247, 15.145574 ] }, { "date": "2024-02-23", "close": 12.936022, "volume": 49000403, "typical_volume": 30788718.75, "trend": 15.464022, "fair_value": 16.073495, "relative_strength": -17.065996, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.547744, "energy": 86.358505, "activity_lines": [ 12.192028, 13.121886, 14.428614, 14.974965 ] }, { "date": "2024-03-01", "close": 13.389917, "volume": 80862352, "typical_volume": 33760173.4, "trend": 15.383768, "fair_value": 16.076621, "relative_strength": -14.544448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.99195, "energy": 65.4428, "activity_lines": [ 12.510412, 13.023213, 14.254527, 14.841152 ] }, { "date": "2024-03-08", "close": 13.301111, "volume": 51465182, "typical_volume": 34785861.5, "trend": 15.302199, "fair_value": 16.086345, "relative_strength": -15.425631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.720111, "energy": 48.450539, "activity_lines": [ 12.823534, 12.957191, 14.085373, 14.706787 ] }, { "date": "2024-03-15", "close": 13.883281, "volume": 44492106, "typical_volume": 35520961.75, "trend": 15.232798, "fair_value": 16.098578, "relative_strength": -11.805865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.999968, "energy": 27.616453, "activity_lines": [ 13.330055, 13.038821, 13.986512, 14.615244 ] }, { "date": "2024-03-22", "close": 13.646466, "volume": 61547859, "typical_volume": 37432193.2, "trend": 15.188396, "fair_value": 16.104031, "relative_strength": -12.836961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.105477, "energy": 24.51221, "activity_lines": [ 13.558976, 13.112377, 13.871629, 14.5129 ] }, { "date": "2024-03-29", "close": 12.82748, "volume": 30909130, "typical_volume": 37330832.4, "trend": 15.136757, "fair_value": 16.103779, "relative_strength": -17.404482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.106757, "energy": 24.097967, "activity_lines": [ 13.357683, 13.063399, 13.689131, 14.360583 ] }, { "date": "2024-04-05", "close": 13.064296, "volume": 15039547, "typical_volume": 33075762.4, "trend": 15.048938, "fair_value": 16.100353, "relative_strength": -16.222358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.836264, "energy": 24.103474, "activity_lines": [ 13.242565, 13.089233, 13.546525, 14.226876 ] }, { "date": "2024-04-12", "close": 12.008495, "volume": 21680182, "typical_volume": 32133889.1, "trend": 14.899942, "fair_value": 16.099089, "relative_strength": -21.145072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.128173, "energy": 41.538041, "activity_lines": [ 12.797221, 12.935662, 13.32639, 14.030718 ] }, { "date": "2024-04-19", "close": 11.258581, "volume": 26855691, "typical_volume": 31961392.85, "trend": 14.689111, "fair_value": 16.095947, "relative_strength": -26.53212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.857001, "energy": 54.843088, "activity_lines": [ 12.18808, 12.669066, 13.060537, 13.795791 ] }, { "date": "2024-04-26", "close": 12.067699, "volume": 17573205, "typical_volume": 31564261.55, "trend": 14.531892, "fair_value": 16.101007, "relative_strength": -21.272275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.139564, "energy": 55.383986, "activity_lines": [ 12.023625, 12.543123, 12.897821, 13.626668 ] }, { "date": "2024-05-03", "close": 12.521596, "volume": 11277439, "typical_volume": 31104268.65, "trend": 14.410853, "fair_value": 16.097685, "relative_strength": -18.325503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.591736, "energy": 54.331837, "activity_lines": [ 12.11572, 12.485534, 12.800463, 13.496972 ] }, { "date": "2024-05-10", "close": 12.186107, "volume": 24903646, "typical_volume": 31325639.85, "trend": 14.276987, "fair_value": 16.094516, "relative_strength": -21.32698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.160742, "energy": 52.340754, "activity_lines": [ 12.116378, 12.374482, 12.688211, 13.35344 ] }, { "date": "2024-05-17", "close": 11.91969, "volume": 21663662, "typical_volume": 31511651.25, "trend": 14.127004, "fair_value": 16.091744, "relative_strength": -22.614368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.775139, "energy": 42.154694, "activity_lines": [ 12.086776, 12.236879, 12.569099, 13.201356 ] }, { "date": "2024-05-24", "close": 11.515131, "volume": 23298305, "typical_volume": 31663809.95, "trend": 14.002347, "fair_value": 16.081943, "relative_strength": -23.230026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.86523, "energy": 46.150288, "activity_lines": [ 11.928242, 12.050835, 12.428983, 13.032848 ] }, { "date": "2024-05-31", "close": 12.788013, "volume": 86137724, "typical_volume": 35218604.3, "trend": 13.901043, "fair_value": 16.089032, "relative_strength": -14.270714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.557598, "energy": 31.289247, "activity_lines": [ 12.176898, 12.139282, 12.430534, 12.954504 ] }, { "date": "2024-06-07", "close": 13.715537, "volume": 82436926, "typical_volume": 38500695.0, "trend": 13.809277, "fair_value": 16.101782, "relative_strength": -6.629773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.09258, "energy": 10.161668, "activity_lines": [ 12.686708, 12.411978, 12.531415, 12.942536 ] }, { "date": "2024-06-14", "close": 13.898899, "volume": 90772521, "typical_volume": 41995666.9, "trend": 13.675931, "fair_value": 16.115856, "relative_strength": -4.501762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.215193, "energy": 15.494796, "activity_lines": [ 13.178042, 12.701866, 12.653847, 12.948318 ] }, { "date": "2024-06-21", "close": 13.849259, "volume": 109534805, "typical_volume": 46055925.9, "trend": 13.557376, "fair_value": 16.134625, "relative_strength": -3.612084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.900693, "energy": 23.794203, "activity_lines": [ 13.538644, 12.967555, 12.770867, 12.9595 ] }, { "date": "2024-06-28", "close": 13.293304, "volume": 70424481, "typical_volume": 48211719.5, "trend": 13.442655, "fair_value": 16.141214, "relative_strength": -6.3227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 17.078585, "energy": 27.84663, "activity_lines": [ 13.585289, 13.098691, 12.832281, 12.942463 ] }, { "date": "2024-07-05", "close": 12.687709, "volume": 34067846, "typical_volume": 47697150.6, "trend": 13.308406, "fair_value": 16.140096, "relative_strength": -9.81228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 9.596441, "energy": 16.947772, "activity_lines": [ 13.311525, 13.082725, 12.824639, 12.893757 ] }, { "date": "2024-07-12", "close": 13.233738, "volume": 43896002, "typical_volume": 47441930.55, "trend": 13.21275, "fair_value": 16.143407, "relative_strength": -6.35863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.985381, "energy": 10.916381, "activity_lines": [ 13.226457, 13.154764, 12.862335, 12.88894 ] }, { "date": "2024-07-19", "close": 13.769838, "volume": 66475234, "typical_volume": 46722574.65, "trend": 13.13595, "fair_value": 16.142726, "relative_strength": -2.741495, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.382846, "energy": 15.206728, "activity_lines": [ 13.352209, 13.311327, 12.94967, 12.924881 ] }, { "date": "2024-07-26", "close": 12.975616, "volume": 41809684, "typical_volume": 46239799.75, "trend": 13.048464, "fair_value": 16.134132, "relative_strength": -5.228297, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.219634, "energy": 5.827353, "activity_lines": [ 13.221825, 13.294692, 12.959556, 12.914537 ] }, { "date": "2024-08-02", "close": 13.511715, "volume": 44425977, "typical_volume": 46236493.3, "trend": 12.971942, "fair_value": 16.131388, "relative_strength": -1.668953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.296029, "energy": 10.517696, "activity_lines": [ 13.328383, 13.35633, 13.022049, 12.944424 ] }, { "date": "2024-08-09", "close": 13.154315, "volume": 32415000, "typical_volume": 44779850.35, "trend": 12.907187, "fair_value": 16.118962, "relative_strength": -2.743332, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.362303, "energy": 17.891587, "activity_lines": [ 13.301246, 13.316685, 13.052274, 12.95619 ] }, { "date": "2024-08-16", "close": 13.104676, "volume": 33732340, "typical_volume": 44921010.85, "trend": 12.858209, "fair_value": 16.104547, "relative_strength": -3.570868, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.075037, "energy": 13.965258, "activity_lines": [ 13.226457, 13.261355, 13.080114, 12.968931 ] }, { "date": "2024-08-23", "close": 12.300527, "volume": 24197689, "typical_volume": 45378917.95, "trend": 12.809727, "fair_value": 16.069304, "relative_strength": -8.5491, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 16.304401, "energy": 9.67629, "activity_lines": [ 12.892222, 13.070922, 13.030049, 12.932952 ] }, { "date": "2024-08-30", "close": 12.449444, "volume": 18587455, "typical_volume": 45224281.6, "trend": 12.781667, "fair_value": 16.009724, "relative_strength": -6.966371, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.807109, "energy": 13.151277, "activity_lines": [ 12.70558, 12.936626, 12.997804, 12.909708 ] }, { "date": "2024-09-06", "close": 12.052332, "volume": 17645532, "typical_volume": 44763773.65, "trend": 12.819966, "fair_value": 15.968916, "relative_strength": -7.155365, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.311151, "energy": 28.38557, "activity_lines": [ 12.421646, 12.75558, 12.925638, 12.862654 ] }, { "date": "2024-09-13", "close": 11.366355, "volume": 13713433, "typical_volume": 44570785.05, "trend": 12.822572, "fair_value": 15.923303, "relative_strength": -10.052215, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.521759, "energy": 57.872334, "activity_lines": [ 12.006344, 12.472373, 12.784362, 12.768873 ] }, { "date": "2024-09-20", "close": 11.555462, "volume": 9848219, "typical_volume": 44499324.05, "trend": 12.776553, "fair_value": 15.893794, "relative_strength": -9.118245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.299065, "energy": 65.570262, "activity_lines": [ 11.773276, 12.247574, 12.664435, 12.687124 ] }, { "date": "2024-09-27", "close": 12.92898, "volume": 29403814, "typical_volume": 44724332.45, "trend": 12.761188, "fair_value": 15.858272, "relative_strength": -9.417722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.439133, "energy": 47.467937, "activity_lines": [ 12.101328, 12.30302, 12.679921, 12.696958 ] }, { "date": "2024-10-04", "close": 14.222874, "volume": 20862708, "typical_volume": 44684284.75, "trend": 12.791914, "fair_value": 15.848833, "relative_strength": -7.444031, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 19.938493, "energy": 9.255529, "activity_lines": [ 12.818781, 12.609008, 12.815097, 12.79126 ] }, { "date": "2024-10-11", "close": 13.924282, "volume": 90621512, "typical_volume": 48050445.1, "trend": 12.793281, "fair_value": 15.83477, "relative_strength": -5.695712, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.716077, "energy": 32.064712, "activity_lines": [ 13.318475, 12.838029, 12.910868, 12.864316 ] }, { "date": "2024-10-18", "close": 14.979303, "volume": 72707788, "typical_volume": 47378948.3, "trend": 12.837708, "fair_value": 15.836159, "relative_strength": 0.391128, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.41352, "energy": 53.182915, "activity_lines": [ 14.045046, 13.25137, 13.095645, 13.00535 ] }, { "date": "2024-10-25", "close": 15.626249, "volume": 97331951, "typical_volume": 48123699.55, "trend": 12.931001, "fair_value": 15.84697, "relative_strength": 3.681368, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.975547, "energy": 80.922616, "activity_lines": [ 14.746402, 13.749157, 13.331601, 13.185255 ] }, { "date": "2024-11-01", "close": 14.810102, "volume": 81013948, "typical_volume": 47635770.9, "trend": 12.989194, "fair_value": 15.858269, "relative_strength": -0.601734, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.738824, "energy": 76.225994, "activity_lines": [ 14.904324, 14.052706, 13.48073, 13.306488 ] }, { "date": "2024-11-08", "close": 16.402586, "volume": 91759249, "typical_volume": 46746993.1, "trend": 13.135664, "fair_value": 15.879256, "relative_strength": 4.639015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.171415, "energy": 84.288711, "activity_lines": [ 15.467665, 14.600169, 13.777186, 13.526707 ] }, { "date": "2024-11-15", "close": 15.506813, "volume": 113437356, "typical_volume": 48897636.85, "trend": 13.277272, "fair_value": 15.896766, "relative_strength": 3.074036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.069641, "energy": 70.310249, "activity_lines": [ 15.587101, 14.912889, 13.976171, 13.679684 ] }, { "date": "2024-11-22", "close": 17.497417, "volume": 149873619, "typical_volume": 54687925.5, "trend": 13.458262, "fair_value": 15.921205, "relative_strength": 18.740808, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.046308, "energy": 65.225057, "activity_lines": [ 16.26457, 15.524729, 14.354197, 13.951951 ] }, { "date": "2024-11-29", "close": 20.463419, "volume": 274201419, "typical_volume": 66203196.35, "trend": 13.72299, "fair_value": 15.962541, "relative_strength": 36.018438, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.421347, "energy": 77.9053, "activity_lines": [ 17.762832, 16.564367, 14.991795, 14.403897 ] }, { "date": "2024-12-06", "close": 18.960512, "volume": 208254566, "typical_volume": 73292162.95, "trend": 13.948803, "fair_value": 15.987186, "relative_strength": 23.125539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.399055, "energy": 68.426919, "activity_lines": [ 18.437647, 17.168787, 15.451833, 14.741802 ] }, { "date": "2024-12-13", "close": 18.124458, "volume": 110609125, "typical_volume": 76732135.0, "trend": 14.155629, "fair_value": 16.003092, "relative_strength": 18.159501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.423492, "energy": 68.783988, "activity_lines": [ 18.557083, 17.511533, 15.807529, 15.011199 ] }, { "date": "2024-12-20", "close": 18.214037, "volume": 86357768, "typical_volume": 78828724.55, "trend": 14.378926, "fair_value": 16.014558, "relative_strength": 19.610705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.978014, "energy": 54.886271, "activity_lines": [ 18.591587, 17.799628, 16.147238, 15.273032 ] }, { "date": "2024-12-27", "close": 17.855728, "volume": 72087633, "typical_volume": 80812356.2, "trend": 14.54785, "fair_value": 16.017228, "relative_strength": 16.201377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.588441, "energy": 45.619936, "activity_lines": [ 18.326174, 17.94458, 16.430431, 15.497341 ] }, { "date": "2025-01-03", "close": 15.457048, "volume": 44110221, "typical_volume": 81331250.25, "trend": 14.6059, "fair_value": 16.006119, "relative_strength": 6.729535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.222397, "energy": 24.730733, "activity_lines": [ 17.237313, 17.601111, 16.46279, 15.555999 ] }, { "date": "2025-01-10", "close": 15.128599, "volume": 47561586, "typical_volume": 82499445.1, "trend": 14.64689, "fair_value": 15.996099, "relative_strength": 6.047718, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.436153, "energy": 19.482474, "activity_lines": [ 16.372727, 17.200999, 16.452666, 15.589722 ] }, { "date": "2025-01-17", "close": 16.173666, "volume": 54264586, "typical_volume": 84283301.65, "trend": 14.72437, "fair_value": 15.995934, "relative_strength": 10.842156, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.900469, "energy": 21.957779, "activity_lines": [ 16.111958, 16.985109, 16.528606, 15.688224 ] }, { "date": "2025-01-24", "close": 16.293104, "volume": 42142037, "typical_volume": 85508126.9, "trend": 14.824363, "fair_value": 15.996461, "relative_strength": 11.217208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.333599, "energy": 21.606815, "activity_lines": [ 16.021054, 16.795097, 16.598186, 15.789432 ] }, { "date": "2025-01-31", "close": 15.934794, "volume": 6206730, "typical_volume": 85132791.75, "trend": 14.9326, "fair_value": 15.99989, "relative_strength": 8.683666, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.026398, "energy": 14.189912, "activity_lines": [ 15.938775, 16.525642, 16.613448, 15.861073 ] }, { "date": "2025-02-07", "close": 16.800705, "volume": 31130360, "typical_volume": 86196898.8, "trend": 15.051499, "fair_value": 16.003077, "relative_strength": 12.226599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.796482, "energy": 10.217389, "activity_lines": [ 16.273196, 16.442036, 16.689422, 15.981596 ] }, { "date": "2025-02-14", "close": 17.517326, "volume": 99542648, "typical_volume": 89703840.5, "trend": 15.176415, "fair_value": 16.006549, "relative_strength": 14.876579, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.504679, "energy": 20.953064, "activity_lines": [ 16.756914, 16.55532, 16.808669, 16.140681 ] }, { "date": "2025-02-21", "close": 17.955259, "volume": 62354849, "typical_volume": 91778447.55, "trend": 15.342403, "fair_value": 16.027684, "relative_strength": 16.125529, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.813126, "energy": 32.906699, "activity_lines": [ 17.22736, 16.774467, 16.947775, 16.319962 ] }, { "date": "2025-02-28", "close": 16.910191, "volume": 69552963, "typical_volume": 90725020.1, "trend": 15.455685, "fair_value": 16.046948, "relative_strength": 10.971955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.382194, "energy": 42.294258, "activity_lines": [ 17.230678, 16.806679, 16.969577, 16.421109 ] }, { "date": "2025-03-07", "close": 17.736292, "volume": 60933729, "typical_volume": 90136317.15, "trend": 15.608418, "fair_value": 16.072993, "relative_strength": 14.183675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.870404, "energy": 50.555421, "activity_lines": [ 17.468224, 17.012797, 17.055836, 16.568245 ] }, { "date": "2025-03-14", "close": 17.835821, "volume": 92540529, "typical_volume": 89896746.05, "trend": 15.766123, "fair_value": 16.095182, "relative_strength": 12.929375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.217966, "energy": 52.182477, "activity_lines": [ 17.618846, 17.239183, 17.138446, 16.711949 ] }, { "date": "2025-03-21", "close": 17.318264, "volume": 53428004, "typical_volume": 88517448.85, "trend": 15.933381, "fair_value": 16.107109, "relative_strength": 11.126097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.528503, "energy": 33.57786, "activity_lines": [ 17.527941, 17.328217, 17.161243, 16.812087 ] }, { "date": "2025-03-28", "close": 18.970467, "volume": 129538202, "typical_volume": 90406396.5, "trend": 16.150748, "fair_value": 16.132672, "relative_strength": 21.491266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.888534, "energy": 46.853183, "activity_lines": [ 18.001042, 17.67784, 17.32945, 17.008028 ] }, { "date": "2025-04-04", "close": 19.189434, "volume": 175176493, "typical_volume": 93493353.35, "trend": 16.388652, "fair_value": 16.152916, "relative_strength": 22.484566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.84725, "energy": 56.35414, "activity_lines": [ 18.479451, 18.016424, 17.506282, 17.204072 ] }, { "date": "2025-04-11", "close": 18.42305, "volume": 154764824, "typical_volume": 93737913.6, "trend": 16.623875, "fair_value": 16.151089, "relative_strength": 20.515001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.696584, "energy": 40.250647, "activity_lines": [ 18.550449, 18.163005, 17.592589, 17.335324 ] }, { "date": "2025-04-18", "close": 18.781361, "volume": 160201581, "typical_volume": 88037921.7, "trend": 16.864738, "fair_value": 16.15921, "relative_strength": 20.405453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.212124, "energy": 49.09249, "activity_lines": [ 18.6951, 18.329492, 17.708613, 17.474516 ] }, { "date": "2025-04-25", "close": 18.691782, "volume": 110644234, "typical_volume": 83157405.1, "trend": 17.056831, "fair_value": 16.170359, "relative_strength": 18.320656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.797259, "energy": 36.557307, "activity_lines": [ 18.746856, 18.443681, 17.824115, 17.59239 ] }, { "date": "2025-05-02", "close": 19.627367, "volume": 97026226, "typical_volume": 82478260.15, "trend": 17.236981, "fair_value": 16.188694, "relative_strength": 23.879998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.764173, "energy": 37.85932, "activity_lines": [ 19.018905, 18.706621, 18.030001, 17.758231 ] }, { "date": "2025-05-09", "close": 19.269058, "volume": 156787585, "typical_volume": 85999751.0, "trend": 17.41514, "fair_value": 16.203024, "relative_strength": 18.430193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.825633, "energy": 34.813669, "activity_lines": [ 19.127725, 18.874013, 18.194605, 17.889333 ] }, { "date": "2025-05-16", "close": 18.701736, "volume": 89270310, "typical_volume": 86858884.85, "trend": 17.539222, "fair_value": 16.217208, "relative_strength": 13.280209, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.071524, "energy": 30.804869, "activity_lines": [ 19.042129, 18.895367, 18.300155, 17.972339 ] }, { "date": "2025-05-23", "close": 17.813078, "volume": 72889152, "typical_volume": 88297831.4, "trend": 17.612116, "fair_value": 16.226253, "relative_strength": 7.839156, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.3494, "energy": 19.748557, "activity_lines": [ 18.641735, 18.737593, 18.317041, 17.990007 ] }, { "date": "2025-05-30", "close": 17.763155, "volume": 41072236, "typical_volume": 87973363.9, "trend": 17.710551, "fair_value": 16.229072, "relative_strength": 7.079634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.875551, "energy": 13.150939, "activity_lines": [ 18.289252, 18.571156, 18.317954, 17.999752 ] }, { "date": "2025-06-06", "close": 17.803093, "volume": 32735809, "typical_volume": 86896925.05, "trend": 17.757234, "fair_value": 16.225824, "relative_strength": 5.806203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.72799, "energy": 14.854226, "activity_lines": [ 18.01199, 18.403891, 18.310126, 18.005722 ] }, { "date": "2025-06-13", "close": 17.114134, "volume": 37976264, "typical_volume": 86688636.4, "trend": 17.810812, "fair_value": 16.21404, "relative_strength": 1.772595, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.639005, "energy": 18.491306, "activity_lines": [ 17.626693, 18.132586, 18.228922, 17.964232 ] }, { "date": "2025-06-20", "close": 17.67329, "volume": 34521348, "typical_volume": 88104367.3, "trend": 17.816674, "fair_value": 16.217519, "relative_strength": 5.37189, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.293156, "energy": 15.761912, "activity_lines": [ 17.571444, 18.000679, 18.197063, 17.955359 ] }, { "date": "2025-06-27", "close": 17.912928, "volume": 53377208, "typical_volume": 89216709.7, "trend": 17.731658, "fair_value": 16.216332, "relative_strength": 4.491672, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.876701, "energy": 15.286361, "activity_lines": [ 17.664636, 17.925974, 18.179747, 17.961569 ] }, { "date": "2025-07-04", "close": 18.152565, "volume": 63970375, "typical_volume": 87438096.05, "trend": 17.704726, "fair_value": 16.211883, "relative_strength": 4.052539, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.409596, "energy": 10.137187, "activity_lines": [ 17.831051, 17.910629, 18.179957, 17.988725 ] }, { "date": "2025-07-11", "close": 18.352262, "volume": 46368679, "typical_volume": 86638787.55, "trend": 17.71232, "fair_value": 16.20193, "relative_strength": 3.755095, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.742065, "energy": 13.212995, "activity_lines": [ 18.038071, 17.941397, 18.196162, 18.030501 ] }, { "date": "2025-07-18", "close": 18.382217, "volume": 38724390, "typical_volume": 85097358.9, "trend": 17.717926, "fair_value": 16.192218, "relative_strength": 2.980402, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.748019, "energy": 18.651339, "activity_lines": [ 18.218465, 18.000794, 18.213329, 18.07372 ] }, { "date": "2025-07-25", "close": 18.951357, "volume": 62154915, "typical_volume": 85158418.2, "trend": 17.754447, "fair_value": 16.178739, "relative_strength": 4.10943, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.85453, "energy": 28.230408, "activity_lines": [ 18.504033, 18.179796, 18.277689, 18.153296 ] }, { "date": "2025-08-01", "close": 18.282368, "volume": 56774652, "typical_volume": 83370124.35, "trend": 17.848624, "fair_value": 16.164364, "relative_strength": 1.198871, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.442292, "energy": 26.479646, "activity_lines": [ 18.481401, 18.232625, 18.272551, 18.187356 ] }, { "date": "2025-08-08", "close": 18.651812, "volume": 58307516, "typical_volume": 83614099.95, "trend": 17.966065, "fair_value": 16.165684, "relative_strength": 0.904123, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.034175, "energy": 36.686927, "activity_lines": [ 18.557287, 18.344094, 18.300471, 18.239174 ] }, { "date": "2025-08-15", "close": 19.390694, "volume": 103222041, "typical_volume": 82298291.9, "trend": 18.073299, "fair_value": 16.171934, "relative_strength": 2.882083, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.966285, "energy": 55.490208, "activity_lines": [ 18.846184, 18.573747, 18.392411, 18.331086 ] }, { "date": "2025-08-22", "close": 20.00976, "volume": 94725718, "typical_volume": 78275753.15, "trend": 18.197187, "fair_value": 16.184139, "relative_strength": 2.232096, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.400001, "energy": 69.330485, "activity_lines": [ 19.272207, 18.887092, 18.541309, 18.456019 ] }, { "date": "2025-08-29", "close": 19.340771, "volume": 102451297, "typical_volume": 75660076.8, "trend": 18.31072, "fair_value": 16.172333, "relative_strength": -2.242396, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.599375, "energy": 64.141435, "activity_lines": [ 19.366731, 19.026154, 18.622587, 18.529799 ] }, { "date": "2025-09-05", "close": 19.88994, "volume": 156747928, "typical_volume": 75487394.15, "trend": 18.413694, "fair_value": 16.164532, "relative_strength": 1.404086, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.533351, "energy": 66.958697, "activity_lines": [ 19.618351, 19.234748, 18.751796, 18.631684 ] }, { "date": "2025-09-12", "close": 20.159533, "volume": 116400204, "typical_volume": 75775192.65, "trend": 18.501768, "fair_value": 16.159137, "relative_strength": 0.857323, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.364408, "energy": 67.705872, "activity_lines": [ 19.852663, 19.456413, 18.901402, 18.744318 ] }, { "date": "2025-09-19", "close": 19.790001, "volume": 120511043, "typical_volume": 76949433.5, "trend": 18.562926, "fair_value": 16.164409, "relative_strength": -0.039066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.176561, "energy": 42.203484, "activity_lines": [ 19.863284, 19.574401, 19.008826, 18.82743 ] }, { "date": "2025-09-26", "close": 20.860001, "volume": 144133504, "typical_volume": 76316729.45, "trend": 18.694586, "fair_value": 16.182695, "relative_strength": 4.654969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.344684, "energy": 50.842942, "activity_lines": [ 20.203951, 19.860793, 19.217379, 18.975629 ] }, { "date": "2025-10-03", "close": 20.76, "volume": 45979425, "typical_volume": 74152185.2, "trend": 18.795377, "fair_value": 16.195833, "relative_strength": 2.277307, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.255042, "energy": 55.171925, "activity_lines": [ 20.454601, 20.083952, 19.408833, 19.108881 ] }, { "date": "2025-10-10", "close": 20.75, "volume": 41482248, "typical_volume": 72581840.0, "trend": 18.892516, "fair_value": 16.213704, "relative_strength": 1.481924, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.167157, "energy": 49.916605, "activity_lines": [ 20.607303, 20.272409, 19.589533, 19.234986 ] }, { "date": "2025-10-17", "close": 18.68, "volume": 113598544, "typical_volume": 76208155.4, "trend": 18.937907, "fair_value": 16.224509, "relative_strength": -7.371549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.23406, "energy": 25.164949, "activity_lines": [ 20.012667, 20.039636, 19.559105, 19.221275 ] }, { "date": "2025-10-24", "close": 19.34, "volume": 48306296, "typical_volume": 76986679.75, "trend": 18.950225, "fair_value": 16.246911, "relative_strength": -6.837424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.374339, "energy": 17.927526, "activity_lines": [ 19.736667, 19.92635, 19.587169, 19.247217 ] }, { "date": "2025-10-31", "close": 18.59, "volume": 107198803, "typical_volume": 80447806.7, "trend": 18.930244, "fair_value": 16.264505, "relative_strength": -10.608669, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.483977, "energy": 14.959568, "activity_lines": [ 19.240667, 19.677623, 19.536485, 19.223976 ] }, { "date": "2025-11-07", "close": 18.1, "volume": 43415987, "typical_volume": 80892538.65, "trend": 18.919475, "fair_value": 16.270574, "relative_strength": -13.825553, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -20.309432, "energy": 24.446659, "activity_lines": [ 18.732667, 19.365618, 19.432106, 19.170412 ] }, { "date": "2025-11-14", "close": 17.6, "volume": 35106785, "typical_volume": 79979017.5, "trend": 18.880097, "fair_value": 16.271936, "relative_strength": -15.982328, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -27.142699, "energy": 34.138035, "activity_lines": [ 18.235333, 18.985264, 19.278076, 19.085285 ] }, { "date": "2025-11-21", "close": 17.59, "volume": 38384114, "typical_volume": 78699704.45, "trend": 18.843371, "fair_value": 16.267758, "relative_strength": -12.376245, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.220327, "energy": 44.508014, "activity_lines": [ 17.944667, 18.644727, 19.124585, 19.002053 ] }, { "date": "2025-11-28", "close": 17.700001, "volume": 34331139, "typical_volume": 78097827.45, "trend": 18.779125, "fair_value": 16.271215, "relative_strength": -12.531891, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.48676, "energy": 48.171662, "activity_lines": [ 17.763334, 18.370909, 18.984248, 18.928287 ] }, { "date": "2025-12-05", "close": 17.83, "volume": 34758222, "typical_volume": 77899519.05, "trend": 18.731157, "fair_value": 16.268042, "relative_strength": -11.884236, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.717551, "energy": 47.329607, "activity_lines": [ 17.734667, 18.158727, 18.859398, 18.867053 ] }, { "date": "2025-12-12", "close": 18.07, "volume": 33012818, "typical_volume": 76442414.2, "trend": 18.710099, "fair_value": 16.277699, "relative_strength": -10.156633, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.468571, "energy": 31.266036, "activity_lines": [ 17.836667, 18.045273, 18.760035, 18.824398 ] }, { "date": "2025-12-19", "close": 17.719999, "volume": 51629295, "typical_volume": 76185146.35, "trend": 18.706996, "fair_value": 16.283319, "relative_strength": -11.641461, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.505707, "energy": 26.508736, "activity_lines": [ 17.824, 17.917091, 18.631536, 18.76052 ] }, { "date": "2025-12-26", "close": 17.99, "volume": 44410932, "typical_volume": 75490317.15, "trend": 18.714558, "fair_value": 16.28723, "relative_strength": -11.717734, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -44.099513, "energy": 28.967535, "activity_lines": [ 17.893333, 17.893091, 18.531428, 18.714263 ] }, { "date": "2026-01-02", "close": 17.85, "volume": 24964818, "typical_volume": 71577456.0, "trend": 18.716121, "fair_value": 16.291599, "relative_strength": -12.41527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.812564, "energy": 26.697227, "activity_lines": [ 17.889333, 17.856182, 18.421139, 18.658485 ] }, { "date": "2026-01-09", "close": 19.469999, "volume": 112564755, "typical_volume": 72469407.85, "trend": 18.79465, "fair_value": 16.3175, "relative_strength": -7.963947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.839755, "energy": 12.119294, "activity_lines": [ 18.415333, 18.140909, 18.472473, 18.707122 ] }, { "date": "2026-01-16", "close": 21.42, "volume": 47830386, "typical_volume": 69738362.3, "trend": 18.91954, "fair_value": 16.355416, "relative_strength": 1.622175, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.073964, "energy": 35.298422, "activity_lines": [ 19.482, 18.764182, 18.71209, 18.876499 ] }, { "date": "2026-01-23", "close": 31.360001, "volume": 99362092, "typical_volume": 66869070.5, "trend": 19.367776, "fair_value": 16.450701, "relative_strength": 46.141098, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 92.167277, "energy": 95.820097, "activity_lines": [ 23.638667, 21.134364, 19.888474, 19.67911 ] }, { "date": "2026-01-30", "close": 25.4, "volume": 326933481, "typical_volume": 77395734.35, "trend": 19.609357, "fair_value": 16.51098, "relative_strength": 18.335108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.055654, "energy": 89.188592, "activity_lines": [ 24.899333, 22.170727, 20.442619, 20.068286 ] }, { "date": "2026-02-06", "close": 24.41, "volume": 119281040, "typical_volume": 77334234.2, "trend": 19.811282, "fair_value": 16.560066, "relative_strength": 14.798541, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.367487, "energy": 87.339723, "activity_lines": [ 25.336, 22.885091, 20.877524, 20.378004 ] }, { "date": "2026-02-13", "close": 24.67, "volume": 100057947, "typical_volume": 75130456.35, "trend": 20.020875, "fair_value": 16.606652, "relative_strength": 15.209774, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.597134, "energy": 87.113607, "activity_lines": [ 25.422, 23.524727, 21.31519, 20.69147 ] }, { "date": "2026-02-27", "close": 25.540001, "volume": 97435253, "typical_volume": 77703247.75, "trend": 20.240496, "fair_value": 16.658959, "relative_strength": 16.606236, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.500811, "energy": 60.759505, "activity_lines": [ 25.451334, 24.198182, 21.817572, 21.047543 ] }, { "date": "2026-03-06", "close": 23.77, "volume": 82599761, "typical_volume": 79759123.4, "trend": 20.423417, "fair_value": 16.704283, "relative_strength": 9.274885, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.554079, "energy": 47.534903, "activity_lines": [ 24.616, 24.414, 22.128619, 21.275253 ] }, { "date": "2026-03-13", "close": 23.219999, "volume": 51711402, "typical_volume": 76664766.3, "trend": 20.57569, "fair_value": 16.74734, "relative_strength": 7.334961, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.790964, "energy": 35.64936, "activity_lines": [ 24.103333, 24.419818, 22.372905, 21.455677 ] }, { "date": "2026-03-20", "close": 22.49, "volume": 78781757, "typical_volume": 78188539.35, "trend": 20.679, "fair_value": 16.783683, "relative_strength": 7.41357, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.663223, "energy": 25.49884, "activity_lines": [ 23.492667, 24.197818, 22.526048, 21.579181 ] }, { "date": "2026-03-27", "close": 22.280001, "volume": 48932708, "typical_volume": 75275234.6, "trend": 20.754675, "fair_value": 16.815626, "relative_strength": 7.37562, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.109069, "energy": 23.490205, "activity_lines": [ 22.94, 23.853273, 22.644191, 21.682472 ] }, { "date": "2026-04-03", "close": 21.42, "volume": 30892310, "typical_volume": 74649050.75, "trend": 20.823983, "fair_value": 16.832801, "relative_strength": 4.178571, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.752512, "energy": 21.044765, "activity_lines": [ 22.26, 23.301273, 22.662857, 21.725396 ] }, { "date": "2026-04-10", "close": 22.93, "volume": 38808411, "typical_volume": 74834132.05, "trend": 20.925318, "fair_value": 16.862272, "relative_strength": 8.549371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.992631, "energy": 18.941446, "activity_lines": [ 22.358, 23.023818, 22.809524, 21.861268 ] }, { "date": "2026-04-17", "close": 23.250305, "volume": 38669303, "typical_volume": 74848391.5, "trend": 21.028344, "fair_value": 16.887303, "relative_strength": 8.274908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.06742, "energy": 14.255755, "activity_lines": [ 22.618768, 22.957874, 22.961315, 22.011267 ] }, { "date": "2026-04-24", "close": 23.789616, "volume": 80961819, "typical_volume": 77179925.5, "trend": 21.161664, "fair_value": 16.912592, "relative_strength": 9.973647, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.544797, "energy": 17.297831, "activity_lines": [ 23.057287, 23.029071, 23.137515, 22.189414 ] }, { "date": "2026-05-01", "close": 24.778353, "volume": 93409994, "typical_volume": 80112514.1, "trend": 21.292276, "fair_value": 16.947127, "relative_strength": 13.500454, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 52.634863, "energy": 38.567006, "activity_lines": [ 23.738743, 23.291318, 23.378882, 22.422748 ] }, { "date": "2026-05-08", "close": 26.336365, "volume": 102715603, "typical_volume": 83597653.35, "trend": 21.478155, "fair_value": 17.003086, "relative_strength": 18.545308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.057472, "energy": 75.575026, "activity_lines": [ 24.77298, 23.834871, 23.735544, 22.748174 ] }, { "date": "2026-05-15", "close": 30.211414, "volume": 181039614, "typical_volume": 90068169.3, "trend": 21.793535, "fair_value": 17.083885, "relative_strength": 36.691541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.478688, "energy": 92.1909, "activity_lines": [ 26.771142, 25.068498, 24.421895, 23.31161 ] }, { "date": "2026-05-22", "close": 34.206314, "volume": 275503310, "typical_volume": 101622788.2, "trend": 22.311079, "fair_value": 17.192764, "relative_strength": 54.080825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.167272, "energy": 97.438848, "activity_lines": [ 29.61551, 26.911354, 25.429229, 24.112434 ] }, { "date": "2026-05-29", "close": 34.655739, "volume": 196066882, "typical_volume": 110177891.4, "trend": 22.821604, "fair_value": 17.306608, "relative_strength": 56.028372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.069495, "energy": 95.87578, "activity_lines": [ 31.879285, 28.636173, 26.402146, 24.908864 ] }, { "date": "2026-06-05", "close": 41.506989, "volume": 58632673, "typical_volume": 107481287.3, "trend": 23.585503, "fair_value": 17.459669, "relative_strength": 85.502308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.280349, "energy": 98.786059, "activity_lines": [ 35.702402, 31.385478, 27.947534, 26.114372 ] }, { "date": "2026-06-12", "close": 41.666786, "volume": 52214798, "typical_volume": 107700507.9, "trend": 24.371063, "fair_value": 17.614681, "relative_strength": 82.829177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.61609, "energy": 96.09091, "activity_lines": [ 38.463543, 33.814255, 29.403204, 27.280907 ] }, { "date": "2026-06-19", "close": 46.240002, "volume": 174553961, "typical_volume": 111460101.35, "trend": 25.325729, "fair_value": 17.800021, "relative_strength": 95.816624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.079727, "energy": 96.622412, "activity_lines": [ 41.727061, 36.706403, 31.198005, 28.691806 ] }, { "date": "2026-06-26", "close": 47.950001, "volume": 47590335, "typical_volume": 97492944.05, "trend": 26.33773, "fair_value": 18.004419, "relative_strength": 101.778114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.119868, "energy": 95.080149, "activity_lines": [ 44.492006, 39.485642, 33.084806, 30.151437 ] }, { "date": "2026-07-03", "close": 56.259998, "volume": 75496893, "typical_volume": 95303736.7, "trend": 27.623063, "fair_value": 18.259872, "relative_strength": 129.300391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.008332, "energy": 91.741939, "activity_lines": [ 49.110704, 43.326704, 35.655654, 32.081906 ] }, { "date": "2026-07-10", "close": 46.580002, "volume": 252304253, "typical_volume": 102916052.0, "trend": 28.581396, "fair_value": 18.456247, "relative_strength": 88.267305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.052942, "energy": 67.788422, "activity_lines": [ 49.062453, 44.817396, 37.15293, 33.304934 ] }, { "date": "2026-07-17", "close": 35.189999, "volume": 130166861, "typical_volume": 104552632.4, "trend": 29.152063, "fair_value": 18.576889, "relative_strength": 49.089565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.816707, "energy": 57.037214, "activity_lines": [ 44.879333, 43.840785, 37.461112, 33.731295 ] }, { "date": "2026-07-24", "close": 32.240002, "volume": 146734364, "typical_volume": 107759362.55, "trend": 29.636063, "fair_value": 18.67938, "relative_strength": 33.468151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.956404, "energy": 30.865375, "activity_lines": [ 40.144667, 42.166835, 37.442389, 33.930517 ] }, { "date": "2026-07-31", "close": 28.0, "volume": 130873726, "typical_volume": 111717478.75, "trend": 29.96973, "fair_value": 18.753552, "relative_strength": 14.661094, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.939123, "energy": 23.525825, "activity_lines": [ 34.93, 39.685093, 36.979523, 33.824965 ] }, { "date": "2026-08-07", "close": 36.369999, "volume": 139385781, "typical_volume": 114747679.95, "trend": 30.587063, "fair_value": 18.885427, "relative_strength": 43.094026, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.194046, "energy": 28.508971, "activity_lines": [ 33.835333, 38.83801, 37.291037, 34.237885 ] } ], "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." } } }