{ "ticker": { "uuid": "b5048ff6-f74a-4466-872b-5ba4d6ef92d8", "symbol": "002149", "name": "Western Metal Materials Co., 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": 68.423, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -67.122, "architecture_energy": 83.059, "architecture_maturity": 24.6, "architecture_confidence": 73.849, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 16.36, "rotation_up": 8.22, "upward_expansion": 20.0, "deceleration": 37.05, "rotation_down": 79.59, "downward_expansion": 95.66 }, "activity_lines": [ 35.658001, 40.906618, 49.353988, 50.621185 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 39.240002, "trend_reference": 51.127312, "distance_from_trend": -0.232504, "trend_direction": "Improving", "fair_value": 23.33473, "distance_from_fair_value": 0.681614, "fair_value_direction": "Weakening", "relative_strength": 0.892476, "relative_strength_direction": "Weakening", "price_momentum": -0.202925, "excess_performance": -0.210325, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.232504, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.147527, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.681614, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.877857, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008925, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.993733, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.202925, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.490828, "read": "Supply-led" } ], "volume": { "latest": 224238523, "relative_activity": 0.922453, "balance": 0.490828, "dry_up": 0.696568, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.204846, "annualized_volatility": 0.818794, "from_high_reference": -0.502472, "from_low_reference": 1.440299 }, "levels": { "trend_reference": 51.127312, "fair_value_reference": 23.33473, "structural_low": 28.4, "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": 3, "median_return": 0.198353, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.125266, "regime_survival": 0.0, "best_return": 0.216101, "worst_return": 0.041499, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.027751, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.120929, "regime_survival": 0.0, "best_return": 0.101588, "worst_return": -0.335341, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.012535, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.143034, "regime_survival": 0.0, "best_return": 1.297672, "worst_return": -0.051931, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.130131, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.276443, "regime_survival": 0.0, "best_return": 2.039764, "worst_return": 0.001316, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-07-19", "tenure": "Established", "return": -0.102061, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-26", "end": "2024-10-11", "tenure": "Developing", "return": 0.117138, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.171428, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-04-18", "tenure": "Established", "return": 0.238005, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-25", "end": "2025-06-13", "tenure": "Developing", "return": -0.036668, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": 0.129419, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-09-19", "tenure": "Developing", "return": -0.07369, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2025-11-28", "tenure": "Developing", "return": 0.027954, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": 0.409844, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-20", "tenure": "Established", "return": 0.146076, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.10819, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-19", "tenure": "Developing", "return": -0.012685, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": -0.327891, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.221289, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 16.505863, "volume": 22096649, "typical_volume": 28266327.05, "trend": 15.645513, "fair_value": 13.859333, "relative_strength": 11.065709, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.821007, "energy": 46.945301, "activity_lines": [ 16.478772, 15.957735, 15.636877, 15.637745 ] }, { "date": "2023-08-04", "close": 14.774005, "volume": 87142279, "typical_volume": 30779205.55, "trend": 15.614706, "fair_value": 13.910251, "relative_strength": -2.092982, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -3.101681, "energy": 10.657778, "activity_lines": [ 15.916966, 15.82452, 15.562433, 15.581518 ] }, { "date": "2023-08-11", "close": 14.851406, "volume": 34891962, "typical_volume": 31045940.65, "trend": 15.591572, "fair_value": 13.958659, "relative_strength": 1.919877, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.64261, "energy": 12.606747, "activity_lines": [ 15.479003, 15.707946, 15.494806, 15.532273 ] }, { "date": "2023-08-18", "close": 14.880432, "volume": 18711275, "typical_volume": 29826431.35, "trend": 15.604099, "fair_value": 14.007192, "relative_strength": 5.104636, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.204188, "energy": 27.059564, "activity_lines": [ 15.162947, 15.584961, 15.429929, 15.486393 ] }, { "date": "2023-08-25", "close": 14.261221, "volume": 16125506, "typical_volume": 28628554.3, "trend": 15.537101, "fair_value": 14.048268, "relative_strength": 3.623868, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.246655, "energy": 39.355045, "activity_lines": [ 14.762395, 15.329712, 15.312883, 15.399756 ] }, { "date": "2023-09-01", "close": 14.986858, "volume": 22043460, "typical_volume": 27675925.2, "trend": 15.487926, "fair_value": 14.0961, "relative_strength": 4.994334, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.608628, "energy": 45.95169, "activity_lines": [ 14.739819, 15.219063, 15.275654, 15.364256 ] }, { "date": "2023-09-08", "close": 15.199713, "volume": 19587023, "typical_volume": 26712153.3, "trend": 15.461124, "fair_value": 14.147101, "relative_strength": 7.82855, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.447566, "energy": 39.010576, "activity_lines": [ 14.889462, 15.145356, 15.267085, 15.345662 ] }, { "date": "2023-09-15", "close": 15.722172, "volume": 27858158, "typical_volume": 26014456.85, "trend": 15.468925, "fair_value": 14.20121, "relative_strength": 12.535151, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.58001, "energy": 17.808994, "activity_lines": [ 15.184877, 15.18564, 15.31315, 15.362504 ] }, { "date": "2023-09-22", "close": 14.609528, "volume": 38451101, "typical_volume": 26895893.55, "trend": 15.416084, "fair_value": 14.247706, "relative_strength": 4.091322, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.633025, "energy": 17.410477, "activity_lines": [ 15.05136, 15.038401, 15.254498, 15.307059 ] }, { "date": "2023-09-29", "close": 14.348296, "volume": 13069863, "typical_volume": 26389241.0, "trend": 15.365676, "fair_value": 14.29343, "relative_strength": 2.950817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.985963, "energy": 25.823416, "activity_lines": [ 14.848826, 14.881839, 15.172832, 15.238169 ] }, { "date": "2023-10-13", "close": 14.193494, "volume": 22189723, "typical_volume": 26488088.5, "trend": 15.298012, "fair_value": 14.334974, "relative_strength": 2.38134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.953588, "energy": 38.148175, "activity_lines": [ 14.588886, 14.732665, 15.077349, 15.162545 ] }, { "date": "2023-10-20", "close": 13.748436, "volume": 16152867, "typical_volume": 26704029.95, "trend": 15.267714, "fair_value": 14.376551, "relative_strength": 4.258919, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.085341, "energy": 61.461504, "activity_lines": [ 14.233485, 14.544615, 14.944371, 15.062572 ] }, { "date": "2023-10-27", "close": 13.990314, "volume": 17474000, "typical_volume": 26162492.85, "trend": 15.239112, "fair_value": 14.418477, "relative_strength": 3.865664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.992052, "energy": 60.102685, "activity_lines": [ 14.055461, 14.419189, 14.839986, 14.980159 ] }, { "date": "2023-11-03", "close": 14.058041, "volume": 28835310, "typical_volume": 26576325.0, "trend": 15.164068, "fair_value": 14.459032, "relative_strength": 3.494703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.17184, "energy": 56.028192, "activity_lines": [ 14.01547, 14.321734, 14.74309, 14.903961 ] }, { "date": "2023-11-10", "close": 14.164468, "volume": 25079725, "typical_volume": 26597412.05, "trend": 15.085889, "fair_value": 14.500209, "relative_strength": 3.034564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.157544, "energy": 52.736958, "activity_lines": [ 14.047721, 14.258581, 14.655092, 14.839471 ] }, { "date": "2023-11-17", "close": 14.551476, "volume": 36992820, "typical_volume": 27688108.55, "trend": 15.012652, "fair_value": 14.542062, "relative_strength": 5.742615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.070231, "energy": 30.123526, "activity_lines": [ 14.221229, 14.267553, 14.60773, 14.804992 ] }, { "date": "2023-11-24", "close": 14.512775, "volume": 26226647, "typical_volume": 27464899.6, "trend": 14.955631, "fair_value": 14.584149, "relative_strength": 6.663218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.108923, "energy": 20.212053, "activity_lines": [ 14.357972, 14.277404, 14.558294, 14.772742 ] }, { "date": "2023-12-01", "close": 14.270895, "volume": 18959782, "typical_volume": 26425625.1, "trend": 14.898505, "fair_value": 14.623302, "relative_strength": 5.883513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.425541, "energy": 17.673315, "activity_lines": [ 14.363132, 14.255767, 14.494069, 14.728566 ] }, { "date": "2023-12-08", "close": 14.232194, "volume": 32783051, "typical_volume": 26925301.2, "trend": 14.872873, "fair_value": 14.654929, "relative_strength": 7.096033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.469817, "energy": 17.128458, "activity_lines": [ 14.336686, 14.25348, 14.43694, 14.685578 ] }, { "date": "2023-12-15", "close": 13.970963, "volume": 18863702, "typical_volume": 27176745.15, "trend": 14.853811, "fair_value": 14.676761, "relative_strength": 6.634703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.999819, "energy": 23.896755, "activity_lines": [ 14.211553, 14.210557, 14.366725, 14.62739 ] }, { "date": "2023-12-22", "close": 14.048367, "volume": 20719409, "typical_volume": 27107883.15, "trend": 14.814731, "fair_value": 14.703661, "relative_strength": 8.7459, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.456065, "energy": 30.642481, "activity_lines": [ 14.125122, 14.188568, 14.314986, 14.575426 ] }, { "date": "2023-12-29", "close": 15.209387, "volume": 61478498, "typical_volume": 25824694.1, "trend": 14.824537, "fair_value": 14.730425, "relative_strength": 13.593097, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.883076, "energy": 7.807059, "activity_lines": [ 14.459238, 14.380312, 14.385523, 14.600888 ] }, { "date": "2024-01-05", "close": 15.354515, "volume": 47616085, "typical_volume": 26460900.25, "trend": 14.862734, "fair_value": 14.759743, "relative_strength": 19.278616, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.495216, "energy": 10.66725, "activity_lines": [ 14.79529, 14.571881, 14.467808, 14.63508 ] }, { "date": "2024-01-12", "close": 15.548019, "volume": 38900243, "typical_volume": 27470348.65, "trend": 14.921067, "fair_value": 14.773401, "relative_strength": 21.891943, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.360546, "energy": 34.836845, "activity_lines": [ 15.123601, 14.773828, 14.566126, 14.679292 ] }, { "date": "2024-01-19", "close": 13.19695, "volume": 57828574, "typical_volume": 29555502.05, "trend": 14.862371, "fair_value": 14.755387, "relative_strength": 5.731204, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.850398, "energy": 20.877042, "activity_lines": [ 14.580501, 14.521218, 14.437354, 14.568058 ] }, { "date": "2024-01-26", "close": 13.284025, "volume": 33675861, "typical_volume": 30137122.1, "trend": 14.808835, "fair_value": 14.730533, "relative_strength": 6.3459, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.270382, "energy": 30.092983, "activity_lines": [ 14.118027, 14.302031, 14.321943, 14.46623 ] }, { "date": "2024-02-02", "close": 11.029709, "volume": 33415092, "typical_volume": 30828525.55, "trend": 14.635004, "fair_value": 14.699348, "relative_strength": -3.970879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.451895, "energy": 73.775839, "activity_lines": [ 12.95507, 13.696013, 13.999944, 14.222415 ] }, { "date": "2024-02-09", "close": 11.939177, "volume": 48155297, "typical_volume": 31843382.5, "trend": 14.481814, "fair_value": 14.688188, "relative_strength": -5.050394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.421787, "energy": 73.075335, "activity_lines": [ 12.373914, 13.318681, 13.784418, 14.048491 ] }, { "date": "2024-02-23", "close": 12.713191, "volume": 25850170, "typical_volume": 31213335.95, "trend": 14.348619, "fair_value": 14.672967, "relative_strength": -1.755522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.808103, "energy": 72.279541, "activity_lines": [ 12.278453, 13.124474, 13.660621, 13.934386 ] }, { "date": "2024-03-01", "close": 12.945395, "volume": 29212439, "typical_volume": 32020464.75, "trend": 14.236709, "fair_value": 14.669099, "relative_strength": -3.899687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.571255, "energy": 67.05435, "activity_lines": [ 12.449381, 13.000104, 13.56797, 13.843855 ] }, { "date": "2024-03-08", "close": 13.022797, "volume": 27466895, "typical_volume": 32284323.35, "trend": 14.120607, "fair_value": 14.674328, "relative_strength": -2.668246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.458832, "energy": 36.938112, "activity_lines": [ 12.66288, 12.908454, 13.489371, 13.765538 ] }, { "date": "2024-03-15", "close": 14.996533, "volume": 56353770, "typical_volume": 34294368.5, "trend": 14.128025, "fair_value": 14.687037, "relative_strength": 8.916479, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.786848, "energy": 11.879502, "activity_lines": [ 13.551706, 13.194311, 13.604321, 13.82205 ] }, { "date": "2024-03-22", "close": 14.667578, "volume": 32712508, "typical_volume": 35056293.9, "trend": 14.121897, "fair_value": 14.695411, "relative_strength": 6.887055, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.079613, "energy": 17.54749, "activity_lines": [ 14.066426, 13.424229, 13.681999, 13.85686 ] }, { "date": "2024-03-29", "close": 15.141661, "volume": 28565203, "typical_volume": 35042788.55, "trend": 14.130605, "fair_value": 14.696901, "relative_strength": 11.808934, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.144606, "energy": 23.590979, "activity_lines": [ 14.55728, 13.752833, 13.801603, 13.922651 ] }, { "date": "2024-04-05", "close": 15.025559, "volume": 22788759, "typical_volume": 34928240.25, "trend": 14.156083, "fair_value": 14.711179, "relative_strength": 8.845704, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.236006, "energy": 30.227009, "activity_lines": [ 14.847536, 14.067716, 13.904989, 13.98039 ] }, { "date": "2024-04-12", "close": 14.212843, "volume": 35074975, "typical_volume": 34832348.0, "trend": 14.130282, "fair_value": 14.726021, "relative_strength": 6.278931, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.27368, "energy": 28.588573, "activity_lines": [ 14.728208, 14.201585, 13.926873, 13.984052 ] }, { "date": "2024-04-19", "close": 13.593632, "volume": 46021025, "typical_volume": 35822066.9, "trend": 14.076746, "fair_value": 14.734187, "relative_strength": 0.973088, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 6.445912, "energy": 11.442855, "activity_lines": [ 14.323141, 14.205983, 13.891397, 13.949429 ] }, { "date": "2024-04-26", "close": 14.058041, "volume": 31338457, "typical_volume": 36441000.65, "trend": 14.021275, "fair_value": 14.752789, "relative_strength": 2.297922, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.106905, "energy": 4.220136, "activity_lines": [ 14.166403, 14.248202, 13.904528, 13.948222 ] }, { "date": "2024-05-03", "close": 13.777461, "volume": 15517525, "typical_volume": 35577724.35, "trend": 13.99354, "fair_value": 14.768569, "relative_strength": -1.058788, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.066761, "energy": 10.590693, "activity_lines": [ 13.956774, 14.200882, 13.89195, 13.932492 ] }, { "date": "2024-05-10", "close": 14.686929, "volume": 35930769, "typical_volume": 36431077.7, "trend": 14.004827, "fair_value": 14.789639, "relative_strength": 3.773677, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.902037, "energy": 5.590713, "activity_lines": [ 14.141248, 14.299569, 13.968154, 13.977227 ] }, { "date": "2024-05-17", "close": 14.319272, "volume": 26124431, "typical_volume": 36701328.8, "trend": 14.00902, "fair_value": 14.806847, "relative_strength": 1.225141, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.289728, "energy": 5.489906, "activity_lines": [ 14.225745, 14.299745, 14.005933, 13.997514 ] }, { "date": "2024-05-24", "close": 13.941939, "volume": 23290981, "typical_volume": 34791952.95, "trend": 14.01547, "fair_value": 14.819352, "relative_strength": 1.325224, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.134014, "energy": 3.025151, "activity_lines": [ 14.177369, 14.207743, 14.006486, 13.993186 ] }, { "date": "2024-05-31", "close": 14.503099, "volume": 22181527, "typical_volume": 33520225.05, "trend": 14.032563, "fair_value": 14.833769, "relative_strength": 5.835171, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.003172, "energy": 15.026515, "activity_lines": [ 14.292826, 14.236944, 14.066518, 14.024646 ] }, { "date": "2024-06-07", "close": 14.967509, "volume": 51234974, "typical_volume": 34136961.6, "trend": 14.062879, "fair_value": 14.847555, "relative_strength": 10.145103, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.960719, "energy": 32.944883, "activity_lines": [ 14.533415, 14.353574, 14.174834, 14.084965 ] }, { "date": "2024-06-14", "close": 14.657902, "volume": 24404417, "typical_volume": 32465753.75, "trend": 14.079326, "fair_value": 14.860378, "relative_strength": 7.495093, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.033707, "energy": 34.819699, "activity_lines": [ 14.591466, 14.417078, 14.256428, 14.123354 ] }, { "date": "2024-06-21", "close": 13.816161, "volume": 32772556, "typical_volume": 32420588.5, "trend": 14.054816, "fair_value": 14.870272, "relative_strength": 3.086201, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.322937, "energy": 22.539632, "activity_lines": [ 14.370872, 14.334224, 14.2509, 14.106375 ] }, { "date": "2024-06-28", "close": 13.649938, "volume": 16402435, "typical_volume": 31569955.65, "trend": 14.026055, "fair_value": 14.869957, "relative_strength": 4.036437, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.611513, "energy": 7.788994, "activity_lines": [ 14.12841, 14.228359, 14.227006, 14.080254 ] }, { "date": "2024-07-05", "close": 13.180597, "volume": 27499095, "typical_volume": 30537145.55, "trend": 13.989711, "fair_value": 14.866635, "relative_strength": 2.004573, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.802697, "energy": 18.664369, "activity_lines": [ 13.748969, 14.036136, 14.145936, 14.025709 ] }, { "date": "2024-07-12", "close": 12.906817, "volume": 19667813, "typical_volume": 30228027.7, "trend": 13.945532, "fair_value": 14.856144, "relative_strength": -1.882962, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.425364, "energy": 37.160715, "activity_lines": [ 13.366434, 13.810088, 14.032881, 13.955844 ] }, { "date": "2024-07-19", "close": 12.623259, "volume": 12720200, "typical_volume": 29403415.75, "trend": 13.900609, "fair_value": 14.847927, "relative_strength": -4.443725, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.572402, "energy": 63.561829, "activity_lines": [ 13.026759, 13.548314, 13.891897, 13.870536 ] }, { "date": "2024-07-26", "close": 12.437479, "volume": 24229214, "typical_volume": 29241531.7, "trend": 13.846912, "fair_value": 14.827765, "relative_strength": -2.420777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.514056, "energy": 72.333903, "activity_lines": [ 12.760801, 13.290283, 13.734755, 13.776141 ] }, { "date": "2024-08-02", "close": 12.936151, "volume": 27855414, "typical_volume": 27816613.9, "trend": 13.771138, "fair_value": 14.823559, "relative_strength": 2.003494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.295856, "energy": 64.676329, "activity_lines": [ 12.752979, 13.157134, 13.627892, 13.717382 ] }, { "date": "2024-08-09", "close": 12.809038, "volume": 17085376, "typical_volume": 27035257.3, "trend": 13.686289, "fair_value": 14.80195, "relative_strength": 2.872526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.242507, "energy": 56.810304, "activity_lines": [ 12.750371, 13.01916, 13.518735, 13.655311 ] }, { "date": "2024-08-16", "close": 12.114808, "volume": 13700274, "typical_volume": 26292010.85, "trend": 13.571848, "fair_value": 14.774555, "relative_strength": -2.364739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.259216, "energy": 56.980057, "activity_lines": [ 12.541124, 12.785765, 13.35231, 13.553925 ] }, { "date": "2024-08-23", "close": 12.300588, "volume": 12877313, "typical_volume": 25796438.55, "trend": 13.54197, "fair_value": 14.751328, "relative_strength": 0.998277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.995372, "energy": 48.328469, "activity_lines": [ 12.446604, 12.638014, 13.217993, 13.471909 ] }, { "date": "2024-08-30", "close": 13.092598, "volume": 51204695, "typical_volume": 26602924.55, "trend": 13.535589, "fair_value": 14.740652, "relative_strength": 5.158979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.90657, "energy": 36.975048, "activity_lines": [ 12.6376, 12.677126, 13.172081, 13.442917 ] }, { "date": "2024-09-06", "close": 12.241921, "volume": 19253473, "typical_volume": 25264546.95, "trend": 13.575996, "fair_value": 14.709453, "relative_strength": 0.831931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.335609, "energy": 43.351252, "activity_lines": [ 12.501361, 12.574725, 13.050486, 13.359454 ] }, { "date": "2024-09-13", "close": 12.281033, "volume": 11726767, "typical_volume": 24283962.45, "trend": 13.587391, "fair_value": 14.661068, "relative_strength": 2.878927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.589174, "energy": 39.558858, "activity_lines": [ 12.424442, 12.505035, 12.939054, 13.275908 ] }, { "date": "2024-09-20", "close": 12.417923, "volume": 8807100, "typical_volume": 23948441.2, "trend": 13.577549, "fair_value": 14.60159, "relative_strength": 2.76714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.744117, "energy": 35.820573, "activity_lines": [ 12.428353, 12.47659, 12.84912, 13.200459 ] }, { "date": "2024-09-27", "close": 13.581492, "volume": 29704641, "typical_volume": 23637134.8, "trend": 13.598752, "fair_value": 14.554249, "relative_strength": -4.46023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.337711, "energy": 18.64032, "activity_lines": [ 12.799913, 12.668593, 12.876477, 13.200713 ] }, { "date": "2024-10-04", "close": 14.745061, "volume": 16408242, "typical_volume": 23151325.35, "trend": 13.656161, "fair_value": 14.524454, "relative_strength": -6.230241, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.182741, "energy": 20.129071, "activity_lines": [ 13.473935, 13.05473, 13.019914, 13.274669 ] }, { "date": "2024-10-11", "close": 13.894384, "volume": 57247422, "typical_volume": 24849147.4, "trend": 13.619422, "fair_value": 14.486106, "relative_strength": -7.475248, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 16.107391, "energy": 26.622531, "activity_lines": [ 13.754235, 13.244244, 13.080306, 13.290038 ] }, { "date": "2024-10-18", "close": 14.715728, "volume": 50170776, "typical_volume": 26248609.85, "trend": 13.621027, "fair_value": 14.461226, "relative_strength": -4.828673, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.585904, "energy": 39.485501, "activity_lines": [ 14.198151, 13.56567, 13.219148, 13.360767 ] }, { "date": "2024-10-25", "close": 15.977076, "volume": 69854105, "typical_volume": 27179566.4, "trend": 13.648875, "fair_value": 14.445526, "relative_strength": 0.689952, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.183517, "energy": 67.512525, "activity_lines": [ 14.900204, 14.081765, 13.477105, 13.51277 ] }, { "date": "2024-11-01", "close": 15.889074, "volume": 63539685, "typical_volume": 29136329.8, "trend": 13.677658, "fair_value": 14.442021, "relative_strength": 1.594512, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.962741, "energy": 71.430313, "activity_lines": [ 15.335646, 14.511636, 13.721875, 13.657299 ] }, { "date": "2024-11-08", "close": 17.238422, "volume": 73345989, "typical_volume": 31165001.45, "trend": 13.778511, "fair_value": 14.447287, "relative_strength": 3.09237, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.341726, "energy": 88.325627, "activity_lines": [ 16.067032, 15.121599, 14.08929, 13.887026 ] }, { "date": "2024-11-15", "close": 15.580537, "volume": 35793114, "typical_volume": 32134535.4, "trend": 13.844741, "fair_value": 14.439799, "relative_strength": -3.281903, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.680618, "energy": 75.775162, "activity_lines": [ 16.079565, 15.354749, 14.282516, 14.003286 ] }, { "date": "2024-11-22", "close": 16.318253, "volume": 56919097, "typical_volume": 33605535.5, "trend": 13.920082, "fair_value": 14.43862, "relative_strength": 4.167704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.680706, "energy": 58.937239, "activity_lines": [ 16.225594, 15.661327, 14.536807, 14.162867 ] }, { "date": "2024-11-29", "close": 15.895296, "volume": 33478776, "typical_volume": 34296083.65, "trend": 13.990676, "fair_value": 14.440137, "relative_strength": -0.215796, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.262498, "energy": 48.979384, "activity_lines": [ 16.123801, 15.8176, 14.735875, 14.2903 ] }, { "date": "2024-12-06", "close": 15.669064, "volume": 26217208, "typical_volume": 34970934.05, "trend": 14.023414, "fair_value": 14.435039, "relative_strength": -3.253276, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.028491, "energy": 38.830581, "activity_lines": [ 15.952051, 15.869515, 14.899166, 14.398584 ] }, { "date": "2024-12-13", "close": 15.23627, "volume": 34189281, "typical_volume": 35468937.4, "trend": 14.053981, "fair_value": 14.415623, "relative_strength": -5.156223, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.471362, "energy": 29.061629, "activity_lines": [ 15.650702, 15.804784, 15.006735, 14.476832 ] }, { "date": "2024-12-20", "close": 17.813354, "volume": 92771027, "typical_volume": 38714718.05, "trend": 14.183028, "fair_value": 14.40659, "relative_strength": 11.314416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.880769, "energy": 42.667117, "activity_lines": [ 16.341859, 16.199683, 15.346413, 14.719373 ] }, { "date": "2024-12-27", "close": 17.705156, "volume": 61383978, "typical_volume": 40929648.15, "trend": 14.289763, "fair_value": 14.400204, "relative_strength": 10.305675, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.701334, "energy": 46.404507, "activity_lines": [ 16.848095, 16.503655, 15.652561, 14.946607 ] }, { "date": "2025-01-03", "close": 15.511684, "volume": 42883184, "typical_volume": 42388793.65, "trend": 14.307902, "fair_value": 14.373804, "relative_strength": 4.12824, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.56905, "energy": 35.891194, "activity_lines": [ 16.530714, 16.354461, 15.726493, 15.02544 ] }, { "date": "2025-01-10", "close": 18.167458, "volume": 67991720, "typical_volume": 45144514.0, "trend": 14.424887, "fair_value": 14.367709, "relative_strength": 22.948258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.619107, "energy": 51.429302, "activity_lines": [ 17.124165, 16.696597, 16.03718, 15.274444 ] }, { "date": "2025-01-17", "close": 18.069096, "volume": 85893542, "typical_volume": 46878956.35, "trend": 14.566652, "fair_value": 14.35673, "relative_strength": 17.810548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.571217, "energy": 47.931877, "activity_lines": [ 17.518269, 16.979424, 16.310561, 15.509554 ] }, { "date": "2025-01-24", "close": 17.351053, "volume": 57494698, "typical_volume": 48791017.6, "trend": 14.690022, "fair_value": 14.360045, "relative_strength": 11.423505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.925608, "energy": 38.544109, "activity_lines": [ 17.48417, 17.116594, 16.49186, 15.689193 ] }, { "date": "2025-01-31", "close": 16.721537, "volume": 5970500, "typical_volume": 48503204.25, "trend": 14.808054, "fair_value": 14.354706, "relative_strength": 8.645744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.143057, "energy": 37.872374, "activity_lines": [ 17.271052, 17.107116, 16.588876, 15.820258 ] }, { "date": "2025-02-07", "close": 17.459251, "volume": 50555635, "typical_volume": 50590631.0, "trend": 14.959801, "fair_value": 14.360537, "relative_strength": 8.546753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.87736, "energy": 34.738541, "activity_lines": [ 17.369414, 17.224434, 16.735005, 15.991303 ] }, { "date": "2025-02-14", "close": 17.478924, "volume": 89397017, "typical_volume": 53575249.8, "trend": 15.121657, "fair_value": 14.372024, "relative_strength": 6.548417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.538687, "energy": 30.469627, "activity_lines": [ 17.344496, 17.316895, 16.859002, 16.153827 ] }, { "date": "2025-02-21", "close": 18.787138, "volume": 97930398, "typical_volume": 57651357.6, "trend": 15.333312, "fair_value": 14.401679, "relative_strength": 11.570187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.488858, "energy": 38.837173, "activity_lines": [ 17.801551, 17.614306, 17.089031, 16.39031 ] }, { "date": "2025-02-28", "close": 18.137949, "volume": 104421860, "typical_volume": 60010079.5, "trend": 15.506706, "fair_value": 14.43185, "relative_strength": 11.10329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.664935, "energy": 37.429052, "activity_lines": [ 17.994341, 17.729121, 17.237984, 16.571254 ] }, { "date": "2025-03-07", "close": 21.442909, "volume": 144906078, "typical_volume": 64746844.6, "trend": 15.794501, "fair_value": 14.480534, "relative_strength": 27.594637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.73753, "energy": 66.55547, "activity_lines": [ 19.236324, 18.438936, 17.681488, 16.954235 ] }, { "date": "2025-03-14", "close": 23.213427, "volume": 164220752, "typical_volume": 69465176.95, "trend": 16.164455, "fair_value": 14.542148, "relative_strength": 35.504615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.217448, "energy": 81.102498, "activity_lines": [ 20.753721, 19.402705, 18.261579, 17.432876 ] }, { "date": "2025-03-21", "close": 21.728161, "volume": 131203242, "typical_volume": 72848354.8, "trend": 16.478708, "fair_value": 14.586888, "relative_strength": 29.487741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.863594, "energy": 77.828531, "activity_lines": [ 21.392418, 19.956393, 18.665757, 17.791824 ] }, { "date": "2025-03-28", "close": 19.869122, "volume": 117208775, "typical_volume": 75041494.1, "trend": 16.704592, "fair_value": 14.62123, "relative_strength": 18.92206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.869041, "energy": 70.220271, "activity_lines": [ 21.128153, 20.107335, 18.865078, 18.010561 ] }, { "date": "2025-04-04", "close": 19.839611, "volume": 47228916, "typical_volume": 75613284.2, "trend": 16.957848, "fair_value": 14.666563, "relative_strength": 21.01114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.207136, "energy": 47.661075, "activity_lines": [ 20.781919, 20.220183, 19.049062, 18.21282 ] }, { "date": "2025-04-11", "close": 20.351095, "volume": 88690939, "typical_volume": 77201876.3, "trend": 17.22685, "fair_value": 14.719064, "relative_strength": 30.000388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.326549, "energy": 35.849751, "activity_lines": [ 20.492736, 20.380781, 19.261477, 18.431739 ] }, { "date": "2025-04-18", "close": 19.288784, "volume": 35159466, "typical_volume": 77285910.8, "trend": 17.455879, "fair_value": 14.765119, "relative_strength": 23.125261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.236019, "energy": 21.165108, "activity_lines": [ 19.922236, 20.28224, 19.353516, 18.564767 ] }, { "date": "2025-04-25", "close": 18.777302, "volume": 52196629, "typical_volume": 78584881.85, "trend": 17.629073, "fair_value": 14.806984, "relative_strength": 17.647391, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.962369, "energy": 18.965534, "activity_lines": [ 19.442885, 20.057439, 19.380682, 18.65002 ] }, { "date": "2025-05-02", "close": 18.10844, "volume": 24932213, "typical_volume": 78122028.45, "trend": 17.741185, "fair_value": 14.849241, "relative_strength": 13.124279, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.585276, "energy": 15.973581, "activity_lines": [ 18.937304, 19.687419, 19.329347, 18.680947 ] }, { "date": "2025-05-09", "close": 19.455999, "volume": 48219756, "typical_volume": 75894464.9, "trend": 17.926572, "fair_value": 14.90451, "relative_strength": 18.238628, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.402257, "energy": 17.250512, "activity_lines": [ 18.998288, 19.574749, 19.392673, 18.79158 ] }, { "date": "2025-05-16", "close": 19.023207, "volume": 53106452, "typical_volume": 75480588.6, "trend": 18.070155, "fair_value": 14.962169, "relative_strength": 14.475378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.403232, "energy": 12.056122, "activity_lines": [ 18.940583, 19.359426, 19.406959, 18.862331 ] }, { "date": "2025-05-23", "close": 18.629759, "volume": 38676542, "typical_volume": 75270256.5, "trend": 18.158578, "fair_value": 15.021256, "relative_strength": 12.155123, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.569998, "energy": 9.944261, "activity_lines": [ 18.840253, 19.116561, 19.377497, 18.898434 ] }, { "date": "2025-05-30", "close": 18.029751, "volume": 70917593, "typical_volume": 75416550.15, "trend": 18.229934, "fair_value": 15.074977, "relative_strength": 9.218761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.203048, "energy": 7.499723, "activity_lines": [ 18.583857, 18.847944, 19.276044, 18.890123 ] }, { "date": "2025-06-06", "close": 17.970734, "volume": 47550672, "typical_volume": 73499406.65, "trend": 18.254344, "fair_value": 15.12267, "relative_strength": 7.146959, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.129837, "energy": 13.607581, "activity_lines": [ 18.357624, 18.63584, 19.169626, 18.873401 ] }, { "date": "2025-06-13", "close": 18.088768, "volume": 85687142, "typical_volume": 74909028.85, "trend": 18.337952, "fair_value": 15.166744, "relative_strength": 8.250609, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.058435, "energy": 30.413265, "activity_lines": [ 18.179917, 18.479712, 19.074917, 18.862718 ] }, { "date": "2025-06-20", "close": 16.416615, "volume": 72819961, "typical_volume": 78251501.9, "trend": 18.34123, "fair_value": 15.202166, "relative_strength": -0.741502, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.070306, "energy": 49.223261, "activity_lines": [ 17.535974, 18.051391, 18.817443, 18.738761 ] }, { "date": "2025-06-27", "close": 18.944517, "volume": 114632966, "typical_volume": 81455368.45, "trend": 18.442871, "fair_value": 15.250693, "relative_strength": 10.058383, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.927273, "energy": 27.931618, "activity_lines": [ 17.908438, 18.154224, 18.802174, 18.777683 ] }, { "date": "2025-07-04", "close": 18.541233, "volume": 92723995, "typical_volume": 81621717.35, "trend": 18.53861, "fair_value": 15.294933, "relative_strength": 6.075107, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.588644, "energy": 16.271254, "activity_lines": [ 18.12549, 18.189992, 18.741423, 18.784029 ] }, { "date": "2025-07-11", "close": 18.214409, "volume": 49541379, "typical_volume": 79202266.4, "trend": 18.637881, "fair_value": 15.33714, "relative_strength": 2.090808, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.325206, "energy": 11.003558, "activity_lines": [ 18.199502, 18.170629, 18.644488, 18.763112 ] }, { "date": "2025-07-18", "close": 19.964264, "volume": 84817102, "typical_volume": 78222028.5, "trend": 18.709578, "fair_value": 15.386553, "relative_strength": 9.148444, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.943936, "energy": 16.475698, "activity_lines": [ 18.840554, 18.467495, 18.716933, 18.848685 ] }, { "date": "2025-07-25", "close": 20.640347, "volume": 91446082, "typical_volume": 75549028.7, "trend": 18.807418, "fair_value": 15.438113, "relative_strength": 9.769578, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.003736, "energy": 34.897596, "activity_lines": [ 19.581933, 18.878045, 18.845071, 18.973251 ] }, { "date": "2025-08-01", "close": 20.809366, "volume": 85322788, "typical_volume": 71604130.5, "trend": 18.984008, "fair_value": 15.48711, "relative_strength": 11.961716, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.903513, "energy": 52.991333, "activity_lines": [ 20.098071, 19.289922, 18.993127, 19.102409 ] }, { "date": "2025-08-08", "close": 18.174641, "volume": 240499396, "typical_volume": 77068938.2, "trend": 18.984247, "fair_value": 15.52043, "relative_strength": -3.5384, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.866531, "energy": 19.384451, "activity_lines": [ 19.611643, 19.18313, 18.901705, 19.050192 ] }, { "date": "2025-08-15", "close": 17.866425, "volume": 151186107, "typical_volume": 78767804.8, "trend": 18.977491, "fair_value": 15.546754, "relative_strength": -9.385491, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.605854, "energy": 5.994723, "activity_lines": [ 19.046916, 19.017663, 18.79785, 18.978074 ] }, { "date": "2025-08-22", "close": 19.089338, "volume": 197851037, "typical_volume": 86298910.85, "trend": 19.035434, "fair_value": 15.58306, "relative_strength": -7.480875, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.207803, "energy": 5.50731, "activity_lines": [ 18.913026, 19.076441, 18.82, 18.98529 ] }, { "date": "2025-08-29", "close": 18.413256, "volume": 148138834, "typical_volume": 89271305.6, "trend": 19.091825, "fair_value": 15.612033, "relative_strength": -14.369119, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.397563, "energy": 22.527392, "activity_lines": [ 18.612104, 18.994103, 18.781334, 18.94515 ] }, { "date": "2025-09-05", "close": 17.975792, "volume": 73501148, "typical_volume": 91188389.7, "trend": 19.109043, "fair_value": 15.635141, "relative_strength": -15.627827, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.366566, "energy": 25.014351, "activity_lines": [ 18.313833, 18.795924, 18.710232, 18.873148 ] }, { "date": "2025-09-12", "close": 17.786886, "volume": 65647726, "typical_volume": 91860944.55, "trend": 19.119308, "fair_value": 15.658813, "relative_strength": -18.519192, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.702217, "energy": 37.016052, "activity_lines": [ 18.141498, 18.581011, 18.627392, 18.787847 ] }, { "date": "2025-09-19", "close": 16.872189, "volume": 73833486, "typical_volume": 94306008.2, "trend": 19.055477, "fair_value": 15.680172, "relative_strength": -23.361518, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.400654, "energy": 52.181547, "activity_lines": [ 17.690114, 18.213505, 18.462154, 18.642872 ] }, { "date": "2025-09-26", "close": 17.150576, "volume": 67281612, "typical_volume": 95259101.0, "trend": 19.022564, "fair_value": 15.698052, "relative_strength": -22.798005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.250248, "energy": 56.121878, "activity_lines": [ 17.397809, 17.921019, 18.329316, 18.519975 ] }, { "date": "2025-10-03", "close": 17.339481, "volume": 22457348, "typical_volume": 93726645.8, "trend": 18.885783, "fair_value": 15.706675, "relative_strength": -23.676438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.030238, "energy": 56.172825, "activity_lines": [ 17.297723, 17.714037, 18.225448, 18.411389 ] }, { "date": "2025-10-10", "close": 17.945965, "volume": 58317702, "typical_volume": 94708703.8, "trend": 18.710201, "fair_value": 15.718207, "relative_strength": -19.960712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.654963, "energy": 45.999923, "activity_lines": [ 17.471383, 17.67734, 18.187357, 18.350756 ] }, { "date": "2025-10-17", "close": 17.140633, "volume": 107380296, "typical_volume": 96531838.95, "trend": 18.557284, "fair_value": 15.722495, "relative_strength": -19.472644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.623444, "energy": 37.628326, "activity_lines": [ 17.378587, 17.546282, 18.075824, 18.249493 ] }, { "date": "2025-10-24", "close": 17.540001, "volume": 40392612, "typical_volume": 96173935.95, "trend": 18.479646, "fair_value": 15.739076, "relative_strength": -21.151515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.027332, "energy": 27.774455, "activity_lines": [ 17.461998, 17.506636, 18.00656, 18.183862 ] }, { "date": "2025-10-31", "close": 17.969999, "volume": 109602651, "typical_volume": 97369711.4, "trend": 18.417326, "fair_value": 15.754679, "relative_strength": -19.593112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.479204, "energy": 18.546502, "activity_lines": [ 17.644221, 17.551106, 17.9803, 18.150982 ] }, { "date": "2025-11-07", "close": 18.030001, "volume": 74866291, "typical_volume": 97472027.9, "trend": 18.339956, "fair_value": 15.770116, "relative_strength": -19.295044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.414512, "energy": 17.547437, "activity_lines": [ 17.791816, 17.626838, 17.960319, 18.125993 ] }, { "date": "2025-11-14", "close": 17.08, "volume": 66605883, "typical_volume": 95070673.75, "trend": 18.26633, "fair_value": 15.782218, "relative_strength": -22.318842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.506403, "energy": 22.200468, "activity_lines": [ 17.576709, 17.53681, 17.842179, 18.044705 ] }, { "date": "2025-11-21", "close": 16.16, "volume": 41151638, "typical_volume": 92492055.9, "trend": 18.179086, "fair_value": 15.785851, "relative_strength": -22.282461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.475684, "energy": 49.386894, "activity_lines": [ 17.112667, 17.295797, 17.645299, 17.908813 ] }, { "date": "2025-11-28", "close": 17.629999, "volume": 62552580, "typical_volume": 93142615.95, "trend": 18.163138, "fair_value": 15.807967, "relative_strength": -17.992131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.544593, "energy": 41.560168, "activity_lines": [ 17.204, 17.351636, 17.599758, 17.873388 ] }, { "date": "2025-12-05", "close": 20.52, "volume": 306609700, "typical_volume": 104232245.85, "trend": 18.198605, "fair_value": 15.84818, "relative_strength": -5.855585, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.462136, "energy": 17.366028, "activity_lines": [ 18.252666, 17.919151, 17.832239, 18.025444 ] }, { "date": "2025-12-12", "close": 28.93, "volume": 697367905, "typical_volume": 134528337.0, "trend": 18.528832, "fair_value": 15.945608, "relative_strength": 30.471263, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.725278, "energy": 90.458972, "activity_lines": [ 21.934666, 19.954495, 18.863025, 18.717792 ] }, { "date": "2025-12-19", "close": 37.720001, "volume": 665463223, "typical_volume": 163535358.75, "trend": 19.165173, "fair_value": 16.099077, "relative_strength": 69.311181, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.054984, "energy": 97.36171, "activity_lines": [ 27.82, 23.377284, 20.691479, 19.955932 ] }, { "date": "2025-12-26", "close": 46.779999, "volume": 720842152, "typical_volume": 187552496.55, "trend": 20.123514, "fair_value": 16.305664, "relative_strength": 98.812128, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.739608, "energy": 98.466466, "activity_lines": [ 35.349333, 28.087818, 23.302264, 21.737533 ] }, { "date": "2026-01-02", "close": 45.509998, "volume": 328262115, "typical_volume": 196406296.95, "trend": 21.04149, "fair_value": 16.499887, "relative_strength": 90.730597, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.183174, "energy": 97.602471, "activity_lines": [ 40.413999, 32.028545, 25.655881, 23.375371 ] }, { "date": "2026-01-09", "close": 50.580002, "volume": 533153186, "typical_volume": 213171404.4, "trend": 22.124531, "fair_value": 16.729732, "relative_strength": 99.29153, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.543026, "energy": 97.728921, "activity_lines": [ 45.31, 36.382545, 28.360718, 25.281081 ] }, { "date": "2026-01-16", "close": 42.0, "volume": 380990766, "typical_volume": 224814001.0, "trend": 22.977311, "fair_value": 16.898333, "relative_strength": 61.60999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.598323, "energy": 86.753507, "activity_lines": [ 45.342, 38.583636, 30.098457, 26.56337 ] }, { "date": "2026-01-23", "close": 43.560001, "volume": 267118016, "typical_volume": 234494844.4, "trend": 23.797827, "fair_value": 17.077913, "relative_strength": 63.472678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.917673, "energy": 67.667661, "activity_lines": [ 45.022667, 40.632546, 31.87245, 27.891285 ] }, { "date": "2026-01-30", "close": 49.23, "volume": 524401867, "typical_volume": 257432551.45, "trend": 24.820786, "fair_value": 17.300512, "relative_strength": 84.297847, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.94642, "energy": 70.334014, "activity_lines": [ 46.204, 43.230909, 34.064613, 29.532071 ] }, { "date": "2026-02-06", "close": 55.23, "volume": 586821065, "typical_volume": 283081930.4, "trend": 26.054639, "fair_value": 17.550248, "relative_strength": 106.310818, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.496782, "energy": 71.204984, "activity_lines": [ 49.222, 46.318909, 36.678476, 31.493955 ] }, { "date": "2026-02-13", "close": 49.299999, "volume": 417654269, "typical_volume": 300600563.25, "trend": 27.032496, "fair_value": 17.760747, "relative_strength": 78.301059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.730364, "energy": 63.125704, "activity_lines": [ 49.615333, 47.645091, 38.54492, 32.993656 ] }, { "date": "2026-02-27", "close": 52.099998, "volume": 298017176, "typical_volume": 314378554.65, "trend": 28.081152, "fair_value": 17.992133, "relative_strength": 79.967272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.982059, "energy": 63.302094, "activity_lines": [ 51.027332, 48.957091, 40.524939, 34.610914 ] }, { "date": "2026-03-06", "close": 49.490002, "volume": 384247008, "typical_volume": 330675019.95, "trend": 29.037173, "fair_value": 18.210094, "relative_strength": 71.890756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.897035, "energy": 55.751358, "activity_lines": [ 50.896, 49.373273, 42.09086, 35.99213 ] }, { "date": "2026-03-13", "close": 43.529999, "volume": 248444589, "typical_volume": 337728234.6, "trend": 29.882351, "fair_value": 18.38532, "relative_strength": 48.53969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.050493, "energy": 39.207978, "activity_lines": [ 48.382666, 48.491818, 42.938952, 36.927152 ] }, { "date": "2026-03-20", "close": 43.23, "volume": 195676497, "typical_volume": 345492428.85, "trend": 30.727804, "fair_value": 18.560765, "relative_strength": 50.511542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.787076, "energy": 31.034249, "activity_lines": [ 46.149333, 47.614909, 43.632809, 37.78829 ] }, { "date": "2026-03-27", "close": 49.450001, "volume": 339700947, "typical_volume": 356997343.65, "trend": 31.739826, "fair_value": 18.773756, "relative_strength": 71.013708, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.080807, "energy": 28.112015, "activity_lines": [ 46.789334, 47.910364, 44.796714, 38.996174 ] }, { "date": "2026-04-03", "close": 47.099998, "volume": 402651523, "typical_volume": 373386605.25, "trend": 32.696051, "fair_value": 18.981722, "relative_strength": 65.354063, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.879527, "energy": 23.578547, "activity_lines": [ 46.636, 47.799091, 45.586905, 39.987153 ] }, { "date": "2026-04-10", "close": 45.650002, "volume": 197657039, "typical_volume": 379939163.05, "trend": 33.618524, "fair_value": 19.179168, "relative_strength": 47.849108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.918049, "energy": 23.562574, "activity_lines": [ 46.332667, 47.331455, 46.100571, 40.822891 ] }, { "date": "2026-04-17", "close": 54.799999, "volume": 407076060, "typical_volume": 398235384.15, "trend": 34.852295, "fair_value": 19.425903, "relative_strength": 68.199815, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.951308, "energy": 40.893845, "activity_lines": [ 49.335333, 48.489454, 47.349619, 42.189438 ] }, { "date": "2026-04-24", "close": 57.900002, "volume": 492004223, "typical_volume": 419707966.3, "trend": 36.219889, "fair_value": 19.691225, "relative_strength": 74.14942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.605683, "energy": 47.067466, "activity_lines": [ 52.620001, 50.109818, 48.709905, 43.676387 ] }, { "date": "2026-05-01", "close": 63.509998, "volume": 283929890, "typical_volume": 418573975.8, "trend": 37.765203, "fair_value": 19.990977, "relative_strength": 85.2103, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.777391, "energy": 70.517005, "activity_lines": [ 56.796666, 52.701636, 50.412714, 45.437039 ] }, { "date": "2026-05-08", "close": 72.440002, "volume": 276791475, "typical_volume": 397545154.3, "trend": 39.601887, "fair_value": 20.35134, "relative_strength": 100.265773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.734171, "energy": 87.232366, "activity_lines": [ 63.012667, 56.658728, 52.761286, 47.674123 ] }, { "date": "2026-05-15", "close": 69.019997, "volume": 380640020, "typical_volume": 383303994.15, "trend": 41.304354, "fair_value": 20.69131, "relative_strength": 86.951566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.42811, "energy": 84.57036, "activity_lines": [ 66.399333, 59.624182, 54.576952, 49.572066 ] }, { "date": "2026-05-22", "close": 72.120003, "volume": 393460749, "typical_volume": 366934924.0, "trend": 43.137, "fair_value": 21.057456, "relative_strength": 90.640915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.702236, "energy": 86.070598, "activity_lines": [ 69.261334, 62.798182, 56.53881, 51.560172 ] }, { "date": "2026-05-29", "close": 60.060001, "volume": 335138755, "typical_volume": 367278756.0, "trend": 44.554333, "fair_value": 21.349233, "relative_strength": 56.484477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.679963, "energy": 63.125354, "activity_lines": [ 66.948667, 63.259637, 57.231429, 52.651979 ] }, { "date": "2026-06-05", "close": 64.847488, "volume": 65479522, "typical_volume": 343895072.8, "trend": 46.116916, "fair_value": 21.667353, "relative_strength": 68.622229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.002571, "energy": 49.055004, "activity_lines": [ 66.08783, 64.285544, 58.310713, 53.961214 ] }, { "date": "2026-06-12", "close": 59.659687, "volume": 61912739, "typical_volume": 327941171.45, "trend": 47.504573, "fair_value": 21.954177, "relative_strength": 56.117397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.041771, "energy": 34.32623, "activity_lines": [ 63.40856, 64.08826, 58.827981, 54.834942 ] }, { "date": "2026-06-19", "close": 57.165554, "volume": 242570894, "typical_volume": 326713815.35, "trend": 48.840758, "fair_value": 22.229542, "relative_strength": 37.785601, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.26822, "energy": 22.091034, "activity_lines": [ 60.749932, 63.209139, 59.023619, 55.458231 ] }, { "date": "2026-06-26", "close": 49.902637, "volume": 66404904, "typical_volume": 303813967.2, "trend": 49.965512, "fair_value": 22.460982, "relative_strength": 20.808131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.602147, "energy": 16.983309, "activity_lines": [ 56.460629, 60.800114, 58.462762, 55.526739 ] }, { "date": "2026-07-03", "close": 49.333973, "volume": 36544639, "typical_volume": 276300145.9, "trend": 51.022311, "fair_value": 22.681342, "relative_strength": 19.669708, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.634196, "energy": 20.806003, "activity_lines": [ 53.462929, 58.376739, 57.844543, 55.485995 ] }, { "date": "2026-07-10", "close": 45.200001, "volume": 202512081, "typical_volume": 265543036.5, "trend": 51.844978, "fair_value": 22.875636, "relative_strength": 12.639809, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.451521, "energy": 34.583153, "activity_lines": [ 49.802307, 55.357478, 56.860689, 55.110362 ] }, { "date": "2026-07-17", "close": 33.540001, "volume": 167027161, "typical_volume": 258993535.75, "trend": 51.998645, "fair_value": 22.986504, "relative_strength": -8.73706, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.846766, "energy": 62.34402, "activity_lines": [ 43.56485, 50.551127, 54.785883, 53.929395 ] }, { "date": "2026-07-24", "close": 32.130001, "volume": 158664520, "typical_volume": 247714411.35, "trend": 51.812311, "fair_value": 23.086472, "relative_strength": -13.316916, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.741009, "energy": 73.062625, "activity_lines": [ 38.598706, 46.195684, 52.665172, 52.647547 ] }, { "date": "2026-07-31", "close": 32.5, "volume": 127382937, "typical_volume": 241661328.75, "trend": 51.336311, "fair_value": 23.187696, "relative_strength": -11.399972, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.151319, "energy": 78.222027, "activity_lines": [ 35.424932, 42.578242, 50.662365, 51.401592 ] }, { "date": "2026-08-07", "close": 39.240002, "volume": 224238523, "typical_volume": 243089430.05, "trend": 51.127312, "fair_value": 23.33473, "relative_strength": 0.892476, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.121522, "energy": 83.059085, "activity_lines": [ 35.658001, 40.906618, 49.353988, 50.621185 ] } ], "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." } } }