{ "ticker": { "uuid": "b6250f34-5d2d-4941-95d0-fade930f1f57", "symbol": "600055", "name": "Beijing Wandong Medical Technology 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -49.422, "architecture_energy": 43.054, "architecture_maturity": 100.0, "architecture_confidence": 61.7, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 18.65, "rotation_up": 26.69, "upward_expansion": 18.5, "deceleration": 66.89, "rotation_down": 43.12, "downward_expansion": 68.5 }, "activity_lines": [ 11.054, 10.967091, 11.785143, 12.579441 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 11.51, "trend_reference": 13.694667, "distance_from_trend": -0.159527, "trend_direction": "Weakening", "fair_value": 15.507976, "distance_from_fair_value": -0.257801, "fair_value_direction": "Weakening", "relative_strength": -23.076607, "relative_strength_direction": "Weakening", "price_momentum": -0.277917, "excess_performance": -0.234713, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.159527, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.105586, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.257801, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.123382, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.230766, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.00385, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.277917, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.83076, "read": "Supply-led" } ], "volume": { "latest": 37885192, "relative_activity": 1.563856, "balance": 0.83076, "dry_up": 1.502121, "accumulation_observations": 4, "distribution_observations": 5 }, "risk": { "range_context": 0.095569, "annualized_volatility": 0.310084, "from_high_reference": -0.39036, "from_low_reference": 0.139604 }, "levels": { "trend_reference": 13.694667, "fair_value_reference": 15.507976, "structural_low": 10.1, "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": 31, "median_return": -0.006883, "positive_rate": 0.483871, "directional_follow_through": 0.516129, "median_excess_return": -0.014463, "regime_survival": 0.870968, "best_return": 0.185036, "worst_return": -0.199048, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.008933, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.003145, "regime_survival": 0.6, "best_return": 0.469722, "worst_return": -0.301623, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.001178, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.024147, "regime_survival": 0.666667, "best_return": 0.284585, "worst_return": -0.390327, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.002152, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.028616, "regime_survival": 0.333333, "best_return": 0.396275, "worst_return": -0.376471, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-03-31", "end": "2023-05-05", "tenure": "Developing", "return": -0.102846, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-05-12", "end": "2023-06-09", "tenure": "Developing", "return": -0.088253, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-06-16", "end": "2023-07-21", "tenure": "Developing", "return": -0.03301, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-07-28", "end": "2024-05-03", "tenure": "Extended", "return": -0.26722, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-05-31", "tenure": "New", "return": -0.055405, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-09-27", "tenure": "Established", "return": 0.023774, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": 0.1723, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-03", "tenure": "Developing", "return": -0.136364, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": 0.359712, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": -0.025967, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-04", "end": "2025-05-23", "tenure": "Developing", "return": 0.07909, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": -0.058089, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-10-31", "tenure": "Established", "return": -0.079466, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-08-07", "tenure": "Extended", "return": -0.267812, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 20.135107, "volume": 23029582, "typical_volume": 26557878.6, "trend": 21.131725, "fair_value": 18.759651, "relative_strength": -5.995681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.643805, "energy": 55.952289, "activity_lines": [ 19.897721, 19.989349, 20.695762, 21.017599 ] }, { "date": "2023-08-04", "close": 19.318684, "volume": 18523104, "typical_volume": 26548888.0, "trend": 21.138561, "fair_value": 18.777267, "relative_strength": -9.880683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.323774, "energy": 60.954061, "activity_lines": [ 19.683943, 19.835543, 20.508878, 20.900628 ] }, { "date": "2023-08-11", "close": 18.502264, "volume": 24461732, "typical_volume": 26119451.9, "trend": 21.114271, "fair_value": 18.796098, "relative_strength": -10.788503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.050649, "energy": 71.403014, "activity_lines": [ 19.276061, 19.566383, 20.249923, 20.730545 ] }, { "date": "2023-08-18", "close": 17.459606, "volume": 15074521, "typical_volume": 22650588.75, "trend": 21.037292, "fair_value": 18.800742, "relative_strength": -14.039954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.185269, "energy": 84.57021, "activity_lines": [ 18.608497, 19.151287, 19.903708, 20.49476 ] }, { "date": "2023-08-25", "close": 16.938274, "volume": 16613607, "typical_volume": 21049816.25, "trend": 20.925981, "fair_value": 18.805392, "relative_strength": -14.401489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.710183, "energy": 93.666591, "activity_lines": [ 17.920604, 18.685399, 19.539288, 20.230307 ] }, { "date": "2023-09-01", "close": 18.197336, "volume": 28304827, "typical_volume": 20324251.7, "trend": 20.816532, "fair_value": 18.822517, "relative_strength": -9.6844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.585284, "energy": 83.249278, "activity_lines": [ 17.829454, 18.508881, 19.330011, 20.054266 ] }, { "date": "2023-09-08", "close": 17.77437, "volume": 12950957, "typical_volume": 19272622.25, "trend": 20.681899, "fair_value": 18.839286, "relative_strength": -11.144493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.641396, "energy": 82.68888, "activity_lines": [ 17.726499, 18.282107, 19.108152, 19.857997 ] }, { "date": "2023-09-15", "close": 18.167826, "volume": 14584415, "typical_volume": 17960495.45, "trend": 20.549622, "fair_value": 18.86081, "relative_strength": -9.000769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.644232, "energy": 58.289924, "activity_lines": [ 17.857651, 18.176232, 18.947469, 19.695799 ] }, { "date": "2023-09-22", "close": 18.325209, "volume": 15171184, "typical_volume": 18079138.75, "trend": 20.423242, "fair_value": 18.885637, "relative_strength": -8.515214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.176953, "energy": 45.864668, "activity_lines": [ 18.06356, 18.129017, 18.820206, 19.552288 ] }, { "date": "2023-09-29", "close": 18.197336, "volume": 11585543, "typical_volume": 17637014.2, "trend": 20.322271, "fair_value": 18.918201, "relative_strength": -8.397552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.353148, "energy": 38.847486, "activity_lines": [ 18.169138, 18.084664, 18.696303, 19.408681 ] }, { "date": "2023-10-13", "close": 18.374392, "volume": 19179574, "typical_volume": 17733563.35, "trend": 20.229159, "fair_value": 18.950413, "relative_strength": -6.777963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.828922, "energy": 31.293661, "activity_lines": [ 18.249797, 18.097899, 18.606436, 19.283012 ] }, { "date": "2023-10-20", "close": 16.731712, "volume": 20174430, "typical_volume": 17669046.7, "trend": 20.103137, "fair_value": 18.97259, "relative_strength": -11.87582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.02725, "energy": 47.845041, "activity_lines": [ 17.771092, 17.844477, 18.376592, 19.05737 ] }, { "date": "2023-10-27", "close": 17.528461, "volume": 16988225, "typical_volume": 17813401.25, "trend": 19.986391, "fair_value": 19.000371, "relative_strength": -8.389279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.746809, "energy": 43.126259, "activity_lines": [ 17.627481, 17.782955, 18.243614, 18.891262 ] }, { "date": "2023-11-03", "close": 17.577644, "volume": 14110445, "typical_volume": 17511717.15, "trend": 19.770207, "fair_value": 19.026297, "relative_strength": -8.162504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.835964, "energy": 43.49618, "activity_lines": [ 17.542888, 17.748081, 18.131385, 18.735859 ] }, { "date": "2023-11-10", "close": 17.626823, "volume": 18012366, "typical_volume": 17736072.65, "trend": 19.546533, "fair_value": 19.051422, "relative_strength": -7.866189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.595332, "energy": 43.472981, "activity_lines": [ 17.524526, 17.720002, 18.034801, 18.597576 ] }, { "date": "2023-11-17", "close": 17.695679, "volume": 15512556, "typical_volume": 18028456.05, "trend": 19.335913, "fair_value": 19.082941, "relative_strength": -7.738125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.546382, "energy": 36.521789, "activity_lines": [ 17.56715, 17.691924, 17.957327, 18.478166 ] }, { "date": "2023-11-24", "close": 17.931753, "volume": 14468448, "typical_volume": 17420661.15, "trend": 19.175225, "fair_value": 19.122546, "relative_strength": -5.967716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.176251, "energy": 26.828798, "activity_lines": [ 17.733713, 17.715889, 17.911705, 18.387575 ] }, { "date": "2023-12-01", "close": 17.636662, "volume": 16946952, "typical_volume": 17132805.8, "trend": 19.028502, "fair_value": 19.162245, "relative_strength": -6.9528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.25045, "energy": 25.253674, "activity_lines": [ 17.72191, 17.683339, 17.850158, 18.288313 ] }, { "date": "2023-12-08", "close": 17.154678, "volume": 17813434, "typical_volume": 17317932.65, "trend": 18.880712, "fair_value": 19.200775, "relative_strength": -7.434691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.22433, "energy": 35.788157, "activity_lines": [ 17.542232, 17.572814, 17.753105, 18.167421 ] }, { "date": "2023-12-15", "close": 16.71204, "volume": 19154466, "typical_volume": 17633018.4, "trend": 18.710994, "fair_value": 19.236531, "relative_strength": -8.787868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.145168, "energy": 43.183582, "activity_lines": [ 17.243206, 17.403092, 17.626309, 18.027507 ] }, { "date": "2023-12-22", "close": 15.866109, "volume": 14189648, "typical_volume": 17191021.7, "trend": 18.5121, "fair_value": 19.270336, "relative_strength": -12.313981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.649886, "energy": 73.95353, "activity_lines": [ 16.723188, 17.106569, 17.432673, 17.843966 ] }, { "date": "2023-12-29", "close": 16.800568, "volume": 21313286, "typical_volume": 17330530.8, "trend": 18.367505, "fair_value": 19.307651, "relative_strength": -8.845795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.9172, "energy": 66.785105, "activity_lines": [ 16.636628, 17.025553, 17.348361, 17.733544 ] }, { "date": "2024-01-05", "close": 17.341568, "volume": 21634870, "typical_volume": 17189187.7, "trend": 18.248813, "fair_value": 19.353085, "relative_strength": -4.324879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.752035, "energy": 49.228083, "activity_lines": [ 16.805813, 17.041648, 17.327564, 17.667355 ] }, { "date": "2024-01-12", "close": 16.033327, "volume": 18503766, "typical_volume": 17360649.95, "trend": 18.120612, "fair_value": 19.389761, "relative_strength": -9.919124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.619835, "energy": 51.731075, "activity_lines": [ 16.558591, 16.82328, 17.1877, 17.52442 ] }, { "date": "2024-01-19", "close": 14.931652, "volume": 24349168, "typical_volume": 17747428.0, "trend": 17.942901, "fair_value": 19.41987, "relative_strength": -14.418605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.55347, "energy": 60.63081, "activity_lines": [ 16.018901, 16.432686, 16.949706, 17.318681 ] }, { "date": "2024-01-26", "close": 14.715251, "volume": 24771186, "typical_volume": 17570745.95, "trend": 17.777977, "fair_value": 19.451445, "relative_strength": -17.627103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.00246, "energy": 76.620193, "activity_lines": [ 15.52577, 16.051749, 16.700657, 17.110445 ] }, { "date": "2024-02-02", "close": 12.275825, "volume": 32913078, "typical_volume": 18568852.0, "trend": 17.504197, "fair_value": 19.467135, "relative_strength": -26.354558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.557026, "energy": 94.235378, "activity_lines": [ 14.29622, 15.28147, 16.235864, 16.755468 ] }, { "date": "2024-02-09", "close": 14.479177, "volume": 50000362, "typical_volume": 20339649.35, "trend": 17.326159, "fair_value": 19.498746, "relative_strength": -16.84995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.923868, "energy": 79.372386, "activity_lines": [ 14.102771, 15.014635, 16.007098, 16.560305 ] }, { "date": "2024-02-23", "close": 14.311958, "volume": 33505340, "typical_volume": 21256357.15, "trend": 17.144513, "fair_value": 19.526124, "relative_strength": -21.130574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.15148, "energy": 68.609985, "activity_lines": [ 14.044408, 14.774806, 15.779971, 16.365841 ] }, { "date": "2024-03-01", "close": 14.902142, "volume": 32246818, "typical_volume": 22289420.9, "trend": 16.988114, "fair_value": 19.564105, "relative_strength": -17.97131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.668626, "energy": 51.027035, "activity_lines": [ 14.297532, 14.693968, 15.628162, 16.221172 ] }, { "date": "2024-03-08", "close": 14.508687, "volume": 21415954, "typical_volume": 22401239.9, "trend": 16.800567, "fair_value": 19.572839, "relative_strength": -20.12172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.570948, "energy": 38.661137, "activity_lines": [ 14.42147, 14.574501, 15.454573, 16.061209 ] }, { "date": "2024-03-15", "close": 14.961161, "volume": 24845875, "typical_volume": 22634812.15, "trend": 16.655316, "fair_value": 19.581558, "relative_strength": -17.469164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.941587, "energy": 28.225971, "activity_lines": [ 14.710005, 14.561982, 15.342485, 15.942537 ] }, { "date": "2024-03-22", "close": 15.393962, "volume": 38377231, "typical_volume": 23704262.45, "trend": 16.551706, "fair_value": 19.598385, "relative_strength": -14.481279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.588022, "energy": 20.596363, "activity_lines": [ 14.963784, 14.661598, 15.280047, 15.861159 ] }, { "date": "2024-03-29", "close": 14.361141, "volume": 24120369, "typical_volume": 24204758.65, "trend": 16.448424, "fair_value": 19.613056, "relative_strength": -19.623126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.237171, "energy": 23.728081, "activity_lines": [ 14.812303, 14.608839, 15.12941, 15.719833 ] }, { "date": "2024-04-05", "close": 14.597215, "volume": 13298618, "typical_volume": 23969071.25, "trend": 16.370389, "fair_value": 19.626449, "relative_strength": -18.601879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.460764, "energy": 21.943377, "activity_lines": [ 14.736236, 14.629406, 15.016573, 15.6004 ] }, { "date": "2024-04-12", "close": 14.243104, "volume": 19040663, "typical_volume": 24145476.6, "trend": 16.238581, "fair_value": 19.642595, "relative_strength": -18.559614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.754848, "energy": 30.105348, "activity_lines": [ 14.562459, 14.59167, 14.884437, 15.463156 ] }, { "date": "2024-04-19", "close": 14.203757, "volume": 28410601, "typical_volume": 24842584.25, "trend": 16.119561, "fair_value": 19.650986, "relative_strength": -19.279531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.436485, "energy": 33.958202, "activity_lines": [ 14.393273, 14.555365, 14.764995, 15.331877 ] }, { "date": "2024-04-26", "close": 15.325108, "volume": 22683336, "typical_volume": 25129403.45, "trend": 16.024803, "fair_value": 19.664891, "relative_strength": -12.914794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.958274, "energy": 24.794422, "activity_lines": [ 14.648363, 14.687888, 14.770101, 15.280622 ] }, { "date": "2024-05-03", "close": 14.754597, "volume": 16909674, "typical_volume": 25084215.45, "trend": 15.905783, "fair_value": 19.678053, "relative_strength": -15.987109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.054613, "energy": 19.39458, "activity_lines": [ 14.717874, 14.701301, 14.731879, 15.198673 ] }, { "date": "2024-05-10", "close": 14.951324, "volume": 26000454, "typical_volume": 25426514.85, "trend": 15.797583, "fair_value": 19.694275, "relative_strength": -15.666372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.097703, "energy": 11.618873, "activity_lines": [ 14.82673, 14.742435, 14.723823, 15.137095 ] }, { "date": "2024-05-17", "close": 14.500087, "volume": 18648097, "typical_volume": 25649437.3, "trend": 15.668439, "fair_value": 19.705992, "relative_strength": -17.669314, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.192426, "energy": 14.143149, "activity_lines": [ 14.761566, 14.700632, 14.681176, 15.053385 ] }, { "date": "2024-05-24", "close": 14.103097, "volume": 18901693, "typical_volume": 25528857.65, "trend": 15.580819, "fair_value": 19.71535, "relative_strength": -17.639464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.623151, "energy": 29.34889, "activity_lines": [ 14.54694, 14.586805, 14.607225, 14.952396 ] }, { "date": "2024-05-31", "close": 14.122946, "volume": 13871799, "typical_volume": 25140704.1, "trend": 15.467301, "fair_value": 19.727129, "relative_strength": -16.870484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.783168, "energy": 42.423458, "activity_lines": [ 14.345642, 14.492188, 14.548009, 14.858339 ] }, { "date": "2024-06-07", "close": 13.358739, "volume": 15990356, "typical_volume": 25015033.6, "trend": 15.326671, "fair_value": 19.732894, "relative_strength": -19.836223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.017161, "energy": 63.842695, "activity_lines": [ 13.969751, 14.281734, 14.431339, 14.722303 ] }, { "date": "2024-06-14", "close": 13.477836, "volume": 12313585, "typical_volume": 24413254.45, "trend": 15.188372, "fair_value": 19.735267, "relative_strength": -18.039297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.159804, "energy": 66.930978, "activity_lines": [ 13.726617, 14.111159, 14.338748, 14.603023 ] }, { "date": "2024-06-21", "close": 12.822802, "volume": 15702572, "typical_volume": 23959823.75, "trend": 15.025942, "fair_value": 19.736108, "relative_strength": -20.597483, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.943164, "energy": 77.492105, "activity_lines": [ 13.363371, 13.841839, 14.190695, 14.450406 ] }, { "date": "2024-06-28", "close": 12.25709, "volume": 18428521, "typical_volume": 23235595.9, "trend": 14.836787, "fair_value": 19.718502, "relative_strength": -22.746298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.788885, "energy": 86.063263, "activity_lines": [ 12.923373, 13.495487, 13.997777, 14.27177 ] }, { "date": "2024-07-05", "close": 11.860099, "volume": 10258235, "typical_volume": 21248489.55, "trend": 14.644235, "fair_value": 19.69953, "relative_strength": -24.225725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.9011, "energy": 90.06145, "activity_lines": [ 12.474111, 13.112348, 13.767139, 14.079726 ] }, { "date": "2024-07-12", "close": 12.247165, "volume": 14362150, "typical_volume": 20291330.05, "trend": 14.480651, "fair_value": 19.682729, "relative_strength": -21.668869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.080313, "energy": 84.695343, "activity_lines": [ 12.304729, 12.862585, 13.585836, 13.925076 ] }, { "date": "2024-07-19", "close": 12.118143, "volume": 15028253, "typical_volume": 19430401.8, "trend": 14.327521, "fair_value": 19.663674, "relative_strength": -22.172468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.042395, "energy": 84.992497, "activity_lines": [ 12.166444, 12.634953, 13.402078, 13.772656 ] }, { "date": "2024-07-26", "close": 11.850174, "volume": 16797894, "typical_volume": 19199498.8, "trend": 14.193657, "fair_value": 19.644266, "relative_strength": -20.90297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.08807, "energy": 82.439922, "activity_lines": [ 12.029482, 12.410112, 13.206056, 13.612828 ] }, { "date": "2024-08-02", "close": 12.405961, "volume": 17115193, "typical_volume": 18812964.7, "trend": 14.04717, "fair_value": 19.622158, "relative_strength": -17.014978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.774102, "energy": 56.879589, "activity_lines": [ 12.142624, 12.334503, 13.075626, 13.497492 ] }, { "date": "2024-08-09", "close": 12.554832, "volume": 14958448, "typical_volume": 17642025.55, "trend": 13.887612, "fair_value": 19.588292, "relative_strength": -14.188838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.184921, "energy": 49.281772, "activity_lines": [ 12.295465, 12.316819, 12.971542, 13.401212 ] }, { "date": "2024-08-16", "close": 12.326563, "volume": 12222300, "typical_volume": 17047122.1, "trend": 13.764053, "fair_value": 19.500505, "relative_strength": -15.747965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.757202, "energy": 40.645794, "activity_lines": [ 12.325901, 12.286142, 12.859237, 13.3005 ] }, { "date": "2024-08-23", "close": 11.870024, "volume": 12213194, "typical_volume": 16992850.9, "trend": 13.661999, "fair_value": 19.426528, "relative_strength": -17.643962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.679124, "energy": 41.336928, "activity_lines": [ 12.198864, 12.191225, 12.713141, 13.178304 ] }, { "date": "2024-08-30", "close": 12.534983, "volume": 12946448, "typical_volume": 16688140.15, "trend": 13.589323, "fair_value": 19.361372, "relative_strength": -12.269433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.756885, "energy": 32.277851, "activity_lines": [ 12.310022, 12.246443, 12.643361, 13.105594 ] }, { "date": "2024-09-06", "close": 12.128068, "volume": 11415966, "typical_volume": 15838408.4, "trend": 13.584398, "fair_value": 19.308097, "relative_strength": -12.389351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.992803, "energy": 35.539025, "activity_lines": [ 12.239887, 12.232909, 12.542961, 13.011319 ] }, { "date": "2024-09-13", "close": 11.929572, "volume": 10532538, "typical_volume": 15230868.5, "trend": 13.499411, "fair_value": 19.251862, "relative_strength": -11.381012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.645541, "energy": 41.92827, "activity_lines": [ 12.122113, 12.185631, 12.433541, 12.904556 ] }, { "date": "2024-09-20", "close": 11.979196, "volume": 7158837, "typical_volume": 14743326.65, "trend": 13.421653, "fair_value": 19.18839, "relative_strength": -11.623761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.591289, "energy": 39.360147, "activity_lines": [ 12.062564, 12.146113, 12.345017, 12.806478 ] }, { "date": "2024-09-27", "close": 13.676332, "volume": 24128106, "typical_volume": 14649709.25, "trend": 13.380792, "fair_value": 19.144477, "relative_strength": -10.076114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.509853, "energy": 9.406418, "activity_lines": [ 12.591885, 12.420036, 12.43134, 12.822909 ] }, { "date": "2024-10-04", "close": 14.976477, "volume": 18454501, "typical_volume": 14640029.45, "trend": 13.396385, "fair_value": 19.121825, "relative_strength": -8.388514, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.63769, "energy": 37.678701, "activity_lines": [ 13.434168, 12.902019, 12.647558, 12.925856 ] }, { "date": "2024-10-11", "close": 13.676332, "volume": 52648416, "typical_volume": 16327365.6, "trend": 13.353558, "fair_value": 19.090589, "relative_strength": -12.70569, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.667535, "energy": 31.423034, "activity_lines": [ 13.680302, 13.09077, 12.737685, 12.943917 ] }, { "date": "2024-10-18", "close": 13.725955, "volume": 31426040, "typical_volume": 17205077.65, "trend": 13.297957, "fair_value": 19.059609, "relative_strength": -12.967463, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.827626, "energy": 34.748507, "activity_lines": [ 13.83976, 13.265446, 12.834569, 12.967943 ] }, { "date": "2024-10-25", "close": 14.182494, "volume": 32763096, "typical_volume": 18043714.65, "trend": 13.292002, "fair_value": 19.027434, "relative_strength": -10.646218, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.956006, "energy": 53.495212, "activity_lines": [ 14.031638, 13.501836, 12.976824, 13.02501 ] }, { "date": "2024-11-01", "close": 13.765655, "volume": 43385087, "typical_volume": 19597289.75, "trend": 13.264284, "fair_value": 18.999269, "relative_strength": -11.975061, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.855826, "energy": 29.761604, "activity_lines": [ 13.937684, 13.628693, 13.075458, 13.055568 ] }, { "date": "2024-11-08", "close": 15.800232, "volume": 53323729, "typical_volume": 21478347.6, "trend": 13.316188, "fair_value": 18.982335, "relative_strength": -3.767536, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.056724, "energy": 50.188859, "activity_lines": [ 14.515967, 14.091006, 13.36649, 13.219177 ] }, { "date": "2024-11-15", "close": 17.556917, "volume": 94155013, "typical_volume": 25264672.2, "trend": 13.42796, "fair_value": 18.975912, "relative_strength": 11.07229, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 87.288795, "energy": 82.529381, "activity_lines": [ 15.624895, 14.813349, 13.810647, 13.492773 ] }, { "date": "2024-11-22", "close": 16.594213, "volume": 55227225, "typical_volume": 27513121.7, "trend": 13.470263, "fair_value": 18.966191, "relative_strength": 7.334089, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.063796, "energy": 80.290194, "activity_lines": [ 16.154216, 15.261949, 14.137881, 13.697047 ] }, { "date": "2024-11-29", "close": 17.001127, "volume": 42232398, "typical_volume": 28906634.1, "trend": 13.545148, "fair_value": 18.964012, "relative_strength": 8.352958, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.83118, "energy": 83.991255, "activity_lines": [ 16.627957, 15.699721, 14.481325, 13.924845 ] }, { "date": "2024-12-06", "close": 17.824884, "volume": 45973290, "typical_volume": 30453885.95, "trend": 13.640933, "fair_value": 18.964303, "relative_strength": 11.27629, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.723117, "energy": 86.0681, "activity_lines": [ 17.188376, 16.195959, 14.880584, 14.200957 ] }, { "date": "2024-12-13", "close": 16.663689, "volume": 43024360, "typical_volume": 31765209.25, "trend": 13.713053, "fair_value": 18.941538, "relative_strength": 4.771293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.977823, "energy": 62.499567, "activity_lines": [ 17.091114, 16.405643, 15.142078, 14.395973 ] }, { "date": "2024-12-20", "close": 16.137674, "volume": 26520803, "typical_volume": 32235489.75, "trend": 13.780872, "fair_value": 18.904411, "relative_strength": 2.554786, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.201689, "energy": 49.443216, "activity_lines": [ 16.76095, 16.489011, 15.330554, 14.5524 ] }, { "date": "2024-12-27", "close": 15.413166, "volume": 23569649, "typical_volume": 32666049.8, "trend": 13.82388, "fair_value": 18.858017, "relative_strength": -2.60851, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.755139, "energy": 35.917382, "activity_lines": [ 16.283899, 16.395899, 15.432259, 14.65771 ] }, { "date": "2025-01-03", "close": 14.331366, "volume": 18483322, "typical_volume": 32979100.9, "trend": 13.856301, "fair_value": 18.808186, "relative_strength": -3.651168, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.740094, "energy": 21.7892, "activity_lines": [ 15.524985, 16.075419, 15.417325, 14.690451 ] }, { "date": "2025-01-10", "close": 13.795428, "volume": 23313120, "typical_volume": 33534097.2, "trend": 13.866887, "fair_value": 18.752359, "relative_strength": -5.382995, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.739309, "energy": 21.660452, "activity_lines": [ 14.765409, 15.654789, 15.341802, 14.686524 ] }, { "date": "2025-01-17", "close": 14.301592, "volume": 19999416, "typical_volume": 33886745.6, "trend": 13.91618, "fair_value": 18.687412, "relative_strength": -3.665523, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.278391, "energy": 25.391659, "activity_lines": [ 14.443185, 15.325647, 15.305317, 14.714569 ] }, { "date": "2025-01-24", "close": 14.40084, "volume": 19532970, "typical_volume": 34292595.8, "trend": 13.987638, "fair_value": 18.632781, "relative_strength": -2.975144, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.988112, "energy": 23.025867, "activity_lines": [ 14.311517, 15.041799, 15.269871, 14.745837 ] }, { "date": "2025-01-31", "close": 14.301592, "volume": 5232600, "typical_volume": 34027598.9, "trend": 14.069022, "fair_value": 18.575764, "relative_strength": -3.316213, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.207245, "energy": 20.966073, "activity_lines": [ 14.262555, 14.797289, 15.214151, 14.766092 ] }, { "date": "2025-02-07", "close": 16.127748, "volume": 33702805, "typical_volume": 35354797.3, "trend": 14.198374, "fair_value": 18.532016, "relative_strength": 7.103504, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.661081, "energy": 14.408975, "activity_lines": [ 14.896416, 14.926491, 15.321055, 14.898914 ] }, { "date": "2025-02-14", "close": 17.09045, "volume": 63091034, "typical_volume": 37302943.7, "trend": 14.364118, "fair_value": 18.481011, "relative_strength": 12.01086, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.13988, "energy": 35.578427, "activity_lines": [ 15.731419, 15.24661, 15.499889, 15.085499 ] }, { "date": "2025-02-21", "close": 18.757813, "volume": 125724130, "typical_volume": 42666425.15, "trend": 14.594373, "fair_value": 18.459992, "relative_strength": 21.356907, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 83.67965, "energy": 77.857586, "activity_lines": [ 16.902542, 15.883239, 15.821263, 15.368963 ] }, { "date": "2025-02-28", "close": 17.199625, "volume": 54570907, "typical_volume": 42762549.7, "trend": 14.754161, "fair_value": 18.405316, "relative_strength": 13.10482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.758861, "energy": 74.842354, "activity_lines": [ 17.257188, 16.198486, 15.976231, 15.537044 ] }, { "date": "2025-03-07", "close": 17.437819, "volume": 40422389, "typical_volume": 43212367.15, "trend": 14.916928, "fair_value": 18.361222, "relative_strength": 12.72221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.541547, "energy": 77.672555, "activity_lines": [ 17.504645, 16.537732, 16.137107, 15.710183 ] }, { "date": "2025-03-14", "close": 17.229399, "volume": 52775335, "typical_volume": 44212979.1, "trend": 15.080355, "fair_value": 18.280383, "relative_strength": 9.778898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.405975, "energy": 72.579344, "activity_lines": [ 17.473548, 16.802273, 16.260458, 15.859375 ] }, { "date": "2025-03-21", "close": 16.683537, "volume": 26834448, "typical_volume": 43385447.15, "trend": 15.240806, "fair_value": 18.194421, "relative_strength": 8.0717, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.727068, "energy": 42.057987, "activity_lines": [ 17.187053, 16.914874, 16.317312, 15.962806 ] }, { "date": "2025-03-28", "close": 16.75301, "volume": 38980321, "typical_volume": 42668276.75, "trend": 15.381407, "fair_value": 18.109529, "relative_strength": 8.833438, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.669647, "energy": 29.669086, "activity_lines": [ 16.950844, 16.987595, 16.366889, 16.060368 ] }, { "date": "2025-04-04", "close": 17.060678, "volume": 23117903, "typical_volume": 39116421.25, "trend": 15.545827, "fair_value": 18.040224, "relative_strength": 10.978362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.161137, "energy": 24.562985, "activity_lines": [ 16.950844, 17.071685, 16.44123, 16.168708 ] }, { "date": "2025-04-11", "close": 17.050753, "volume": 55542822, "typical_volume": 39132201.1, "trend": 15.716533, "fair_value": 17.976975, "relative_strength": 14.206616, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.109838, "energy": 20.924734, "activity_lines": [ 16.956799, 17.10561, 16.516989, 16.2658 ] }, { "date": "2025-04-18", "close": 17.011053, "volume": 29462470, "typical_volume": 38493704.7, "trend": 15.884262, "fair_value": 17.908975, "relative_strength": 12.340529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.821923, "energy": 21.08801, "activity_lines": [ 16.975325, 17.082332, 16.586793, 16.349317 ] }, { "date": "2025-04-25", "close": 17.447744, "volume": 23643521, "typical_volume": 37377216.25, "trend": 16.009975, "fair_value": 17.850956, "relative_strength": 14.424712, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.57338, "energy": 29.067696, "activity_lines": [ 17.15397, 17.122392, 16.69814, 16.450187 ] }, { "date": "2025-05-02", "close": 17.417969, "volume": 19229697, "typical_volume": 36187483.1, "trend": 16.091358, "fair_value": 17.805985, "relative_strength": 14.521433, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.004395, "energy": 28.973232, "activity_lines": [ 17.271744, 17.150542, 16.808447, 16.541025 ] }, { "date": "2025-05-09", "close": 17.169849, "volume": 20986328, "typical_volume": 35910759.35, "trend": 16.207809, "fair_value": 17.764295, "relative_strength": 10.580594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.058276, "energy": 27.979527, "activity_lines": [ 17.262481, 17.15794, 16.891531, 16.610605 ] }, { "date": "2025-05-16", "close": 17.219999, "volume": 27880479, "typical_volume": 36126300.85, "trend": 16.324277, "fair_value": 17.732169, "relative_strength": 9.830266, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.688509, "energy": 27.981787, "activity_lines": [ 17.262656, 17.174998, 16.974477, 16.675908 ] }, { "date": "2025-05-23", "close": 18.41, "volume": 40282474, "typical_volume": 37216258.45, "trend": 16.465194, "fair_value": 17.724658, "relative_strength": 17.636564, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.221896, "energy": 48.088227, "activity_lines": [ 17.648215, 17.41238, 17.162151, 16.810471 ] }, { "date": "2025-05-30", "close": 18.42, "volume": 22951072, "typical_volume": 37198156.05, "trend": 16.620339, "fair_value": 17.711215, "relative_strength": 17.284055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.458548, "energy": 59.395236, "activity_lines": [ 17.943844, 17.630115, 17.331357, 16.936587 ] }, { "date": "2025-06-06", "close": 17.969999, "volume": 25478035, "typical_volume": 37472087.0, "trend": 16.692664, "fair_value": 17.692141, "relative_strength": 12.709162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.12965, "energy": 56.551329, "activity_lines": [ 18.024656, 17.734459, 17.435683, 17.023662 ] }, { "date": "2025-06-13", "close": 17.41, "volume": 25563113, "typical_volume": 37773594.15, "trend": 16.687767, "fair_value": 17.671974, "relative_strength": 9.150212, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.605986, "energy": 51.458777, "activity_lines": [ 17.882, 17.714858, 17.469207, 17.069942 ] }, { "date": "2025-06-20", "close": 17.02, "volume": 23638314, "typical_volume": 38693879.85, "trend": 16.70196, "fair_value": 17.657301, "relative_strength": 6.904954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.860676, "energy": 22.175556, "activity_lines": [ 17.593333, 17.617997, 17.45126, 17.091376 ] }, { "date": "2025-06-27", "close": 17.35, "volume": 20533486, "typical_volume": 38035413.9, "trend": 16.713589, "fair_value": 17.644056, "relative_strength": 6.525559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.260018, "energy": 16.925413, "activity_lines": [ 17.428, 17.581695, 17.451796, 17.133185 ] }, { "date": "2025-07-04", "close": 17.24, "volume": 20446036, "typical_volume": 35903164.0, "trend": 16.694093, "fair_value": 17.628795, "relative_strength": 3.98704, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.986346, "energy": 18.926843, "activity_lines": [ 17.296667, 17.51923, 17.436035, 17.167147 ] }, { "date": "2025-07-11", "close": 17.43, "volume": 23149935, "typical_volume": 30774454.25, "trend": 16.719637, "fair_value": 17.595892, "relative_strength": 3.646964, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.304591, "energy": 18.076976, "activity_lines": [ 17.307333, 17.495088, 17.437658, 17.214625 ] }, { "date": "2025-07-18", "close": 17.73, "volume": 21413160, "typical_volume": 29116566.9, "trend": 16.772714, "fair_value": 17.563226, "relative_strength": 4.306883, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.797584, "energy": 15.51873, "activity_lines": [ 17.454, 17.525273, 17.474175, 17.27981 ] }, { "date": "2025-07-25", "close": 17.950001, "volume": 34798981, "typical_volume": 28835396.5, "trend": 16.857275, "fair_value": 17.526673, "relative_strength": 3.491656, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.835789, "energy": 26.981558, "activity_lines": [ 17.652667, 17.585273, 17.529119, 17.355764 ] }, { "date": "2025-08-01", "close": 17.68, "volume": 29705455, "typical_volume": 27681902.5, "trend": 16.968897, "fair_value": 17.490959, "relative_strength": 2.615302, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.092264, "energy": 27.331074, "activity_lines": [ 17.699334, 17.582909, 17.555909, 17.408843 ] }, { "date": "2025-08-08", "close": 17.530001, "volume": 33810446, "typical_volume": 28030702.4, "trend": 17.093382, "fair_value": 17.467891, "relative_strength": -0.531725, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.050006, "energy": 26.107097, "activity_lines": [ 17.674001, 17.566546, 17.566268, 17.445043 ] }, { "date": "2025-08-15", "close": 17.58, "volume": 36959565, "typical_volume": 27929664.6, "trend": 17.202663, "fair_value": 17.436867, "relative_strength": -2.095679, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.211637, "energy": 19.274103, "activity_lines": [ 17.646, 17.575455, 17.577358, 17.476438 ] }, { "date": "2025-08-22", "close": 18.049999, "volume": 43795101, "typical_volume": 28963524.5, "trend": 17.324301, "fair_value": 17.413683, "relative_strength": -3.082056, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.97331, "energy": 27.873432, "activity_lines": [ 17.764667, 17.676909, 17.629272, 17.531104 ] }, { "date": "2025-08-29", "close": 17.73, "volume": 63843737, "typical_volume": 29378570.25, "trend": 17.438582, "fair_value": 17.392837, "relative_strength": -5.663162, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.890899, "energy": 22.040902, "activity_lines": [ 17.755333, 17.708546, 17.645999, 17.557279 ] }, { "date": "2025-09-05", "close": 17.110001, "volume": 40287645, "typical_volume": 29919829.0, "trend": 17.471323, "fair_value": 17.356794, "relative_strength": -7.915, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.884734, "energy": 6.652804, "activity_lines": [ 17.554, 17.614546, 17.600444, 17.53608 ] }, { "date": "2025-09-12", "close": 18.33, "volume": 68007570, "typical_volume": 32138031.45, "trend": 17.512642, "fair_value": 17.323115, "relative_strength": -2.953522, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.122309, "energy": 28.190259, "activity_lines": [ 17.797333, 17.746727, 17.670608, 17.591478 ] }, { "date": "2025-09-19", "close": 17.75, "volume": 44868700, "typical_volume": 33419981.6, "trend": 17.479048, "fair_value": 17.305219, "relative_strength": -4.882735, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.003983, "energy": 18.311431, "activity_lines": [ 17.794, 17.753637, 17.681333, 17.606792 ] }, { "date": "2025-09-26", "close": 17.780001, "volume": 44640139, "typical_volume": 34602672.15, "trend": 17.498394, "fair_value": 17.284694, "relative_strength": -5.001926, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.456429, "energy": 17.472434, "activity_lines": [ 17.789334, 17.760182, 17.693334, 17.626208 ] }, { "date": "2025-10-03", "close": 17.92, "volume": 13609280, "typical_volume": 33889112.2, "trend": 17.514466, "fair_value": 17.267512, "relative_strength": -5.649033, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.734182, "energy": 28.247439, "activity_lines": [ 17.849334, 17.791273, 17.715762, 17.653408 ] }, { "date": "2025-10-10", "close": 17.700001, "volume": 13741211, "typical_volume": 32562049.05, "trend": 17.530153, "fair_value": 17.255378, "relative_strength": -7.254483, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.355517, "energy": 17.216968, "activity_lines": [ 17.823334, 17.782909, 17.713905, 17.665378 ] }, { "date": "2025-10-17", "close": 16.82, "volume": 32918956, "typical_volume": 33060443.25, "trend": 17.534702, "fair_value": 17.241303, "relative_strength": -10.611372, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.875421, "energy": 12.039744, "activity_lines": [ 17.464667, 17.614182, 17.631619, 17.619562 ] }, { "date": "2025-10-24", "close": 16.950001, "volume": 19495381, "typical_volume": 32761310.55, "trend": 17.541268, "fair_value": 17.22317, "relative_strength": -12.439027, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.304317, "energy": 28.328048, "activity_lines": [ 17.250001, 17.482, 17.569334, 17.581839 ] }, { "date": "2025-10-31", "close": 15.87, "volume": 39642044, "typical_volume": 33465257.1, "trend": 17.501579, "fair_value": 17.185447, "relative_strength": -18.048499, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.179582, "energy": 64.909132, "activity_lines": [ 16.728667, 17.16491, 17.409048, 17.474016 ] }, { "date": "2025-11-07", "close": 15.72, "volume": 20345631, "typical_volume": 33300622.95, "trend": 17.457221, "fair_value": 17.147767, "relative_strength": -19.487783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.778705, "energy": 75.019338, "activity_lines": [ 16.284667, 16.860182, 17.24181, 17.359075 ] }, { "date": "2025-11-14", "close": 15.95, "volume": 21157084, "typical_volume": 33331802.85, "trend": 17.421852, "fair_value": 17.122471, "relative_strength": -17.752568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.753826, "energy": 74.400311, "activity_lines": [ 16.064, 16.633818, 17.102667, 17.261835 ] }, { "date": "2025-11-21", "close": 16.030001, "volume": 29348579, "typical_volume": 33776930.0, "trend": 17.374594, "fair_value": 17.094804, "relative_strength": -13.679019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.716242, "energy": 72.260455, "activity_lines": [ 15.986667, 16.443091, 16.97781, 17.172038 ] }, { "date": "2025-11-28", "close": 16.25, "volume": 28683464, "typical_volume": 34053606.45, "trend": 17.335662, "fair_value": 17.0735, "relative_strength": -13.382267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.944164, "energy": 62.540064, "activity_lines": [ 16.035334, 16.334182, 16.879667, 17.099484 ] }, { "date": "2025-12-05", "close": 16.16, "volume": 19982491, "typical_volume": 33982073.0, "trend": 17.302, "fair_value": 17.042277, "relative_strength": -13.799177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.60386, "energy": 42.891325, "activity_lines": [ 16.100667, 16.236182, 16.778572, 17.023635 ] }, { "date": "2025-12-12", "close": 15.8, "volume": 16427868, "typical_volume": 33063517.35, "trend": 17.254667, "fair_value": 17.016898, "relative_strength": -15.13884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.95024, "energy": 45.671371, "activity_lines": [ 16.026667, 16.102182, 16.650667, 16.926731 ] }, { "date": "2025-12-19", "close": 16.139999, "volume": 27122759, "typical_volume": 32934382.55, "trend": 17.179, "fair_value": 16.9905, "relative_strength": -13.112926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.049539, "energy": 39.183883, "activity_lines": [ 16.060666, 16.068545, 16.565381, 16.854817 ] }, { "date": "2025-12-26", "close": 15.87, "volume": 17498822, "typical_volume": 32118801.35, "trend": 17.094, "fair_value": 16.960177, "relative_strength": -15.965726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.618868, "energy": 43.953285, "activity_lines": [ 15.992, 16.014182, 16.461714, 16.770366 ] }, { "date": "2026-01-02", "close": 15.58, "volume": 9468463, "typical_volume": 30744246.25, "trend": 17.014333, "fair_value": 16.932321, "relative_strength": -17.429628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.066313, "energy": 57.553702, "activity_lines": [ 15.837333, 15.924364, 16.338333, 16.672688 ] }, { "date": "2026-01-09", "close": 16.969999, "volume": 42565218, "typical_volume": 30682752.1, "trend": 16.999667, "fair_value": 16.91789, "relative_strength": -13.289075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.814736, "energy": 21.196412, "activity_lines": [ 16.190666, 16.112182, 16.356857, 16.669828 ] }, { "date": "2026-01-16", "close": 16.799999, "volume": 78106387, "typical_volume": 31395884.6, "trend": 16.992333, "fair_value": 16.90306, "relative_strength": -13.659848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.010864, "energy": 15.653038, "activity_lines": [ 16.433333, 16.24909, 16.364333, 16.656946 ] }, { "date": "2026-01-23", "close": 16.690001, "volume": 36039029, "typical_volume": 31183453.8, "trend": 16.970333, "fair_value": 16.886771, "relative_strength": -14.799944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.895202, "energy": 17.441209, "activity_lines": [ 16.572667, 16.346363, 16.365762, 16.637441 ] }, { "date": "2026-01-30", "close": 15.94, "volume": 39828978, "typical_volume": 29774524.2, "trend": 16.927, "fair_value": 16.862227, "relative_strength": -18.092768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.856123, "energy": 23.708003, "activity_lines": [ 16.425333, 16.293818, 16.297762, 16.570968 ] }, { "date": "2026-02-06", "close": 15.92, "volume": 27165762, "typical_volume": 28889377.3, "trend": 16.876667, "fair_value": 16.834293, "relative_strength": -16.814905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.632211, "energy": 14.481461, "activity_lines": [ 16.266667, 16.239273, 16.239238, 16.506 ] }, { "date": "2026-02-13", "close": 15.79, "volume": 17404757, "typical_volume": 27527608.2, "trend": 16.812, "fair_value": 16.797814, "relative_strength": -17.4096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.320486, "energy": 31.15551, "activity_lines": [ 16.042, 16.167091, 16.177048, 16.435893 ] }, { "date": "2026-02-27", "close": 15.57, "volume": 21249534, "typical_volume": 27909620.9, "trend": 16.732667, "fair_value": 16.757792, "relative_strength": -19.542936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.104049, "energy": 54.379255, "activity_lines": [ 15.822667, 16.061636, 16.103381, 16.355763 ] }, { "date": "2026-03-06", "close": 14.92, "volume": 26942289, "typical_volume": 28569674.8, "trend": 16.640667, "fair_value": 16.711535, "relative_strength": -21.672575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.047118, "energy": 69.142895, "activity_lines": [ 15.468667, 15.842182, 15.979, 16.238817 ] }, { "date": "2026-03-13", "close": 14.93, "volume": 20558487, "typical_volume": 27951651.35, "trend": 16.554, "fair_value": 16.665467, "relative_strength": -20.565544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.313798, "energy": 72.617029, "activity_lines": [ 15.236, 15.646727, 15.868809, 16.128452 ] }, { "date": "2026-03-20", "close": 14.65, "volume": 24994807, "typical_volume": 28226622.65, "trend": 16.456333, "fair_value": 16.62331, "relative_strength": -18.874975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.240408, "energy": 75.561989, "activity_lines": [ 14.977333, 15.417455, 15.740952, 16.005613 ] }, { "date": "2026-03-27", "close": 14.58, "volume": 22927169, "typical_volume": 27390878.9, "trend": 16.340667, "fair_value": 16.581081, "relative_strength": -17.942457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.370183, "energy": 74.882421, "activity_lines": [ 14.78, 15.192364, 15.617381, 15.884559 ] }, { "date": "2026-04-03", "close": 14.59, "volume": 16394846, "typical_volume": 27193339.65, "trend": 16.236, "fair_value": 16.543117, "relative_strength": -16.737638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.010833, "energy": 66.235166, "activity_lines": [ 14.666667, 15.012545, 15.500905, 15.771613 ] }, { "date": "2026-04-10", "close": 14.65, "volume": 13092858, "typical_volume": 26790128.35, "trend": 16.154, "fair_value": 16.502214, "relative_strength": -18.122605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.411005, "energy": 52.544227, "activity_lines": [ 14.638667, 14.883818, 15.395524, 15.66929 ] }, { "date": "2026-04-17", "close": 14.76, "volume": 13619466, "typical_volume": 26003672.7, "trend": 16.035, "fair_value": 16.442579, "relative_strength": -18.267298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.212174, "energy": 46.710055, "activity_lines": [ 14.665333, 14.812182, 15.306809, 15.579355 ] }, { "date": "2026-04-24", "close": 15.11, "volume": 19875231, "typical_volume": 25563261.05, "trend": 15.947, "fair_value": 16.383431, "relative_strength": -16.376332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.025718, "energy": 39.063622, "activity_lines": [ 14.82, 14.825636, 15.257476, 15.519677 ] }, { "date": "2026-05-01", "close": 14.45, "volume": 31983605, "typical_volume": 26163316.75, "trend": 15.836, "fair_value": 16.322122, "relative_strength": -20.03791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.440712, "energy": 39.431767, "activity_lines": [ 14.724, 14.733818, 15.150714, 15.423097 ] }, { "date": "2026-05-08", "close": 14.08, "volume": 16982385, "typical_volume": 26191042.6, "trend": 15.708, "fair_value": 16.266529, "relative_strength": -22.69158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.224754, "energy": 45.677883, "activity_lines": [ 14.513333, 14.599091, 15.016857, 15.309806 ] }, { "date": "2026-05-15", "close": 13.31, "volume": 36964645, "typical_volume": 26683136.9, "trend": 15.561667, "fair_value": 16.210578, "relative_strength": -25.500853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.962726, "energy": 68.504603, "activity_lines": [ 14.08, 14.351455, 14.817857, 15.155097 ] }, { "date": "2026-05-22", "close": 13.65, "volume": 45960671, "typical_volume": 28106229.35, "trend": 15.456, "fair_value": 16.159691, "relative_strength": -22.561333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.017819, "energy": 69.284549, "activity_lines": [ 13.849333, 14.194909, 14.664714, 15.031763 ] }, { "date": "2026-05-29", "close": 12.61, "volume": 32959381, "typical_volume": 29280775.25, "trend": 15.311333, "fair_value": 16.100758, "relative_strength": -26.895068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.591098, "energy": 80.665754, "activity_lines": [ 13.346, 13.872545, 14.423095, 14.848151 ] }, { "date": "2026-06-05", "close": 12.31, "volume": 4912048, "typical_volume": 27398116.75, "trend": 15.192667, "fair_value": 16.039714, "relative_strength": -27.101868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.444518, "energy": 86.911275, "activity_lines": [ 12.909333, 13.532727, 14.167048, 14.654516 ] }, { "date": "2026-06-12", "close": 11.57, "volume": 6842469, "typical_volume": 23834920.85, "trend": 15.054333, "fair_value": 15.978378, "relative_strength": -30.774012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.166861, "energy": 90.317543, "activity_lines": [ 12.368667, 13.099636, 13.862714, 14.420796 ] }, { "date": "2026-06-19", "close": 11.46, "volume": 26556557, "typical_volume": 23360797.25, "trend": 14.904667, "fair_value": 15.91785, "relative_strength": -31.674599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.799669, "energy": 90.927918, "activity_lines": [ 11.958667, 12.701455, 13.57281, 14.188903 ] }, { "date": "2026-06-26", "close": 10.1, "volume": 7414047, "typical_volume": 21740050.7, "trend": 14.707, "fair_value": 15.855162, "relative_strength": -38.095209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.065268, "energy": 95.433315, "activity_lines": [ 11.218667, 12.114, 13.178286, 13.878925 ] }, { "date": "2026-07-03", "close": 10.85, "volume": 6215200, "typical_volume": 20692522.6, "trend": 14.527, "fair_value": 15.794822, "relative_strength": -33.009694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.957313, "energy": 87.196087, "activity_lines": [ 10.965333, 11.747636, 12.883, 13.630086 ] }, { "date": "2026-07-10", "close": 10.87, "volume": 36250820, "typical_volume": 21634825.75, "trend": 14.350667, "fair_value": 15.738457, "relative_strength": -31.348858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.460578, "energy": 77.929678, "activity_lines": [ 10.836, 11.462364, 12.613762, 13.394151 ] }, { "date": "2026-07-17", "close": 10.55, "volume": 37879560, "typical_volume": 22466327.05, "trend": 14.175667, "fair_value": 15.674744, "relative_strength": -28.512637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.528568, "energy": 67.639049, "activity_lines": [ 10.696, 11.184, 12.337476, 13.148946 ] }, { "date": "2026-07-24", "close": 10.31, "volume": 37448987, "typical_volume": 22991661.95, "trend": 13.981333, "fair_value": 15.61378, "relative_strength": -30.264226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.554271, "energy": 65.536732, "activity_lines": [ 10.544, 10.926182, 12.062238, 12.899548 ] }, { "date": "2026-07-31", "close": 11.34, "volume": 32344813, "typical_volume": 23580978.25, "trend": 13.830333, "fair_value": 15.559797, "relative_strength": -22.88002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.830505, "energy": 55.411157, "activity_lines": [ 10.812, 10.910182, 11.907048, 12.72914 ] }, { "date": "2026-08-07", "close": 11.51, "volume": 37885192, "typical_volume": 24225497.5, "trend": 13.694667, "fair_value": 15.507976, "relative_strength": -23.076607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.422069, "energy": 43.05379, "activity_lines": [ 11.054, 10.967091, 11.785143, 12.579441 ] } ], "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." } } }