{ "ticker": { "uuid": "b816155f-6187-441c-bde9-3222c073518c", "symbol": "002242", "name": "Joyoung 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": "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": -41.804, "architecture_energy": 27.714, "architecture_maturity": 64.334, "architecture_confidence": 87.652, "architecture_tenure": "Developing", "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": 27.76, "rotation_up": 27.06, "upward_expansion": 16.37, "deceleration": 45.86, "rotation_down": 30.94, "downward_expansion": 64.04 }, "activity_lines": [ 8.608667, 8.456909, 8.883496, 9.202661 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 8.77, "trend_reference": 9.605474, "distance_from_trend": -0.086979, "trend_direction": "Weakening", "fair_value": 10.470821, "distance_from_fair_value": -0.162434, "fair_value_direction": "Weakening", "relative_strength": -13.175353, "relative_strength_direction": "Weakening", "price_momentum": -0.149394, "excess_performance": -0.156794, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.086979, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.06201, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.162434, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.178503, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.131754, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.038717, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.149394, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.344428, "read": "Supply-led" } ], "volume": { "latest": 43967526, "relative_activity": 0.833107, "balance": 0.344428, "dry_up": 0.859802, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.079028, "annualized_volatility": 0.374608, "from_high_reference": -0.297325, "from_low_reference": 0.112944 }, "levels": { "trend_reference": 9.605474, "fair_value_reference": 10.470821, "structural_low": 7.88, "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": 35, "median_return": 0.010542, "positive_rate": 0.542857, "directional_follow_through": 0.457143, "median_excess_return": -0.007895, "regime_survival": 0.828571, "best_return": 0.233333, "worst_return": -0.12816, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.048589, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.030885, "regime_survival": 0.5, "best_return": 0.333393, "worst_return": -0.133488, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.102493, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.025848, "regime_survival": 0.142857, "best_return": 0.133348, "worst_return": -0.150147, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.093797, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.187562, "regime_survival": 0.25, "best_return": 0.221935, "worst_return": -0.309093, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-07-04", "tenure": "Developing", "return": 0.018817, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.050568, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": -0.008841, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": -0.065955, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": -0.028008, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": 0.013699, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-07", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-26", "tenure": "Developing", "return": -0.142153, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-03-27", "tenure": "Developing", "return": -0.083333, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.207006, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.035846, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.099437, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": -0.051762, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.008046, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 14.845863, "volume": 24434136, "typical_volume": 20896584.8, "trend": 15.702824, "fair_value": 20.748966, "relative_strength": 0.573405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.440701, "energy": 27.389713, "activity_lines": [ 14.412739, 14.27358, 14.490685, 15.022225 ] }, { "date": "2023-08-04", "close": 14.788283, "volume": 23453913, "typical_volume": 21416971.75, "trend": 15.678981, "fair_value": 20.654002, "relative_strength": -1.110716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.40303, "energy": 19.339579, "activity_lines": [ 14.560525, 14.372666, 14.484097, 14.963222 ] }, { "date": "2023-08-11", "close": 14.375632, "volume": 12752383, "typical_volume": 20740491.35, "trend": 15.621626, "fair_value": 20.559791, "relative_strength": -0.088657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.051279, "energy": 20.138604, "activity_lines": [ 14.541332, 14.396047, 14.446543, 14.879135 ] }, { "date": "2023-08-18", "close": 14.010964, "volume": 13578549, "typical_volume": 20148014.9, "trend": 15.482501, "fair_value": 20.442488, "relative_strength": 0.454087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.623681, "energy": 22.385267, "activity_lines": [ 14.392266, 14.349634, 14.382497, 14.775221 ] }, { "date": "2023-08-25", "close": 13.24324, "volume": 14810405, "typical_volume": 18489412.0, "trend": 15.332837, "fair_value": 20.318087, "relative_strength": -2.139726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.818685, "energy": 45.935438, "activity_lines": [ 13.987292, 14.160844, 14.258893, 14.630753 ] }, { "date": "2023-09-01", "close": 13.607908, "volume": 17169581, "typical_volume": 18123358.95, "trend": 15.199091, "fair_value": 20.196183, "relative_strength": -2.82673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.505466, "energy": 62.548866, "activity_lines": [ 13.772329, 14.052839, 14.179125, 14.519467 ] }, { "date": "2023-09-08", "close": 13.694278, "volume": 13672080, "typical_volume": 17161766.15, "trend": 15.074182, "fair_value": 20.064907, "relative_strength": -0.703993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.721645, "energy": 67.046465, "activity_lines": [ 13.668687, 13.965424, 14.114325, 14.422383 ] }, { "date": "2023-09-15", "close": 13.646295, "volume": 12501745, "typical_volume": 16408133.95, "trend": 14.931995, "fair_value": 19.914321, "relative_strength": 0.091274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.525391, "energy": 66.338343, "activity_lines": [ 13.621984, 13.881148, 14.052676, 14.330261 ] }, { "date": "2023-09-22", "close": 13.838225, "volume": 11722669, "typical_volume": 16610846.25, "trend": 14.785857, "fair_value": 19.75971, "relative_strength": 0.930341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.346204, "energy": 40.568586, "activity_lines": [ 13.68788, 13.842762, 14.017253, 14.259695 ] }, { "date": "2023-09-29", "close": 13.65589, "volume": 6939159, "typical_volume": 16133301.05, "trend": 14.62392, "fair_value": 19.632222, "relative_strength": 0.017516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.814669, "energy": 37.241015, "activity_lines": [ 13.704513, 13.774365, 13.969888, 14.186794 ] }, { "date": "2023-10-13", "close": 12.801798, "volume": 23751152, "typical_volume": 16741296.1, "trend": 14.493722, "fair_value": 19.488802, "relative_strength": -5.96977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.690897, "energy": 49.875682, "activity_lines": [ 13.40894, 13.561845, 13.845588, 14.069238 ] }, { "date": "2023-10-20", "close": 12.40834, "volume": 10197963, "typical_volume": 16731948.05, "trend": 14.356052, "fair_value": 19.353582, "relative_strength": -4.182976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.515315, "energy": 68.996243, "activity_lines": [ 13.035954, 13.314952, 13.693546, 13.934697 ] }, { "date": "2023-10-27", "close": 12.820991, "volume": 11799025, "typical_volume": 16150406.95, "trend": 14.246563, "fair_value": 19.221008, "relative_strength": -3.098174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.632643, "energy": 72.821668, "activity_lines": [ 12.886248, 13.186358, 13.59196, 13.835661 ] }, { "date": "2023-11-03", "close": 12.744218, "volume": 11555236, "typical_volume": 15573289.3, "trend": 14.109428, "fair_value": 19.077856, "relative_strength": -4.538366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.68209, "energy": 78.468514, "activity_lines": [ 12.765971, 13.072072, 13.489551, 13.738735 ] }, { "date": "2023-11-10", "close": 12.600271, "volume": 11538389, "typical_volume": 14685362.7, "trend": 14.024253, "fair_value": 18.918282, "relative_strength": -6.78548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.822192, "energy": 77.969231, "activity_lines": [ 12.670645, 12.954645, 13.378733, 13.64137 ] }, { "date": "2023-11-17", "close": 13.300818, "volume": 22738459, "typical_volume": 15350689.15, "trend": 13.96682, "fair_value": 18.770577, "relative_strength": -1.716689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.404263, "energy": 44.632987, "activity_lines": [ 12.87921, 12.976281, 13.34149, 13.594697 ] }, { "date": "2023-11-24", "close": 13.18566, "volume": 12298042, "typical_volume": 15128207.65, "trend": 13.895827, "fair_value": 18.66741, "relative_strength": -1.264412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.148165, "energy": 32.256328, "activity_lines": [ 13.016121, 12.982562, 13.29602, 13.5443 ] }, { "date": "2023-12-01", "close": 12.878571, "volume": 17617556, "typical_volume": 15284326.35, "trend": 13.814599, "fair_value": 18.547201, "relative_strength": -2.438009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.441482, "energy": 30.358868, "activity_lines": [ 12.998847, 12.942257, 13.226834, 13.47867 ] }, { "date": "2023-12-08", "close": 12.600271, "volume": 13214661, "typical_volume": 15196134.65, "trend": 13.735382, "fair_value": 18.433222, "relative_strength": -2.867846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.927609, "energy": 32.960451, "activity_lines": [ 12.884968, 12.86531, 13.137677, 13.400326 ] }, { "date": "2023-12-15", "close": 12.437129, "volume": 12436795, "typical_volume": 14909094.9, "trend": 13.663898, "fair_value": 18.322551, "relative_strength": -2.403778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.756419, "energy": 45.732957, "activity_lines": [ 12.726305, 12.781209, 13.039701, 13.316568 ] }, { "date": "2023-12-22", "close": 12.417935, "volume": 11416682, "typical_volume": 14258222.2, "trend": 13.582994, "fair_value": 18.227096, "relative_strength": -0.839976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.190758, "energy": 62.814345, "activity_lines": [ 12.57212, 12.715778, 12.948625, 13.236184 ] }, { "date": "2023-12-29", "close": 12.197216, "volume": 12790876, "typical_volume": 13725070.35, "trend": 13.497868, "fair_value": 18.125874, "relative_strength": -5.570604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.356127, "energy": 68.628812, "activity_lines": [ 12.403221, 12.617195, 12.84809, 13.146779 ] }, { "date": "2024-01-05", "close": 11.79416, "volume": 11405933, "typical_volume": 13657747.85, "trend": 13.418216, "fair_value": 18.031516, "relative_strength": -4.357488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.67096, "energy": 77.073144, "activity_lines": [ 12.165867, 12.449168, 12.721507, 13.036862 ] }, { "date": "2024-01-12", "close": 11.659808, "volume": 19211303, "typical_volume": 13939385.55, "trend": 13.344963, "fair_value": 17.914429, "relative_strength": -4.032008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.19878, "energy": 82.453194, "activity_lines": [ 11.956022, 12.275384, 12.594421, 12.923416 ] }, { "date": "2024-01-19", "close": 11.160788, "volume": 16639574, "typical_volume": 14030844.0, "trend": 13.248997, "fair_value": 17.809535, "relative_strength": -5.756166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.442996, "energy": 87.853469, "activity_lines": [ 11.642535, 12.030584, 12.431006, 12.782502 ] }, { "date": "2024-01-26", "close": 10.940066, "volume": 17977423, "typical_volume": 14071236.1, "trend": 13.151112, "fair_value": 17.709596, "relative_strength": -6.936336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.927845, "energy": 91.582209, "activity_lines": [ 11.340563, 11.771826, 12.256485, 12.633538 ] }, { "date": "2024-02-02", "close": 9.788482, "volume": 20775325, "typical_volume": 14426398.35, "trend": 12.999167, "fair_value": 17.597445, "relative_strength": -9.083783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.767387, "energy": 95.828482, "activity_lines": [ 10.753254, 11.346612, 11.984994, 12.416594 ] }, { "date": "2024-02-09", "close": 10.920874, "volume": 26310047, "typical_volume": 15116813.45, "trend": 12.888167, "fair_value": 17.497596, "relative_strength": -7.062262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.659762, "energy": 71.628749, "activity_lines": [ 10.703992, 11.189054, 11.839949, 12.282511 ] }, { "date": "2024-02-23", "close": 10.901681, "volume": 21483697, "typical_volume": 15604864.85, "trend": 12.784524, "fair_value": 17.394014, "relative_strength": -9.438497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.933686, "energy": 61.211849, "activity_lines": [ 10.706551, 11.063601, 11.706055, 12.154351 ] }, { "date": "2024-03-01", "close": 11.064822, "volume": 33790875, "typical_volume": 16947450.65, "trend": 12.677683, "fair_value": 17.315311, "relative_strength": -11.18421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.780618, "energy": 54.383573, "activity_lines": [ 10.814032, 10.998693, 11.601681, 12.043402 ] }, { "date": "2024-03-08", "close": 10.786523, "volume": 17656451, "typical_volume": 16642715.6, "trend": 12.542371, "fair_value": 17.21046, "relative_strength": -12.306941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.441244, "energy": 44.765716, "activity_lines": [ 10.835145, 10.908137, 11.483141, 11.921392 ] }, { "date": "2024-03-15", "close": 11.17998, "volume": 19642240, "typical_volume": 17114929.45, "trend": 12.422094, "fair_value": 17.10967, "relative_strength": -10.891562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.486883, "energy": 33.459181, "activity_lines": [ 10.997646, 10.91878, 11.411669, 11.833496 ] }, { "date": "2024-03-22", "close": 10.776926, "volume": 21320565, "typical_volume": 17591006.45, "trend": 12.302138, "fair_value": 17.007465, "relative_strength": -13.254031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.630361, "energy": 32.857107, "activity_lines": [ 10.93303, 10.874636, 11.307661, 11.727356 ] }, { "date": "2024-03-29", "close": 10.018798, "volume": 25948652, "typical_volume": 18310677.25, "trend": 12.169065, "fair_value": 16.912821, "relative_strength": -17.453697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.348361, "energy": 46.968555, "activity_lines": [ 10.6253, 10.711146, 11.141183, 11.580044 ] }, { "date": "2024-04-05", "close": 10.085975, "volume": 22312223, "typical_volume": 18849368.95, "trend": 12.063823, "fair_value": 16.802895, "relative_strength": -17.751843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.671794, "energy": 49.578298, "activity_lines": [ 10.398822, 10.589706, 10.994082, 11.445651 ] }, { "date": "2024-04-12", "close": 10.18194, "volume": 27161467, "typical_volume": 19070519.35, "trend": 11.949624, "fair_value": 16.697088, "relative_strength": -13.689355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.792907, "energy": 57.872776, "activity_lines": [ 10.269588, 10.505256, 10.868093, 11.324239 ] }, { "date": "2024-04-19", "close": 11.314333, "volume": 104991597, "typical_volume": 23705197.1, "trend": 11.870293, "fair_value": 16.6125, "relative_strength": -4.552142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.76892, "energy": 36.739802, "activity_lines": [ 10.558125, 10.64048, 10.864803, 11.283252 ] }, { "date": "2024-04-26", "close": 11.103209, "volume": 52239722, "typical_volume": 25436305.4, "trend": 11.785523, "fair_value": 16.52125, "relative_strength": -8.020301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.702545, "energy": 22.780978, "activity_lines": [ 10.76733, 10.709576, 10.850317, 11.233763 ] }, { "date": "2024-05-03", "close": 11.131998, "volume": 22919849, "typical_volume": 25921564.8, "trend": 11.695316, "fair_value": 16.413731, "relative_strength": -8.724208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.180208, "energy": 18.076234, "activity_lines": [ 10.964379, 10.78059, 10.847026, 11.1916 ] }, { "date": "2024-05-10", "close": 11.563844, "volume": 53918281, "typical_volume": 27995639.1, "trend": 11.625581, "fair_value": 16.310572, "relative_strength": -6.357667, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.281922, "energy": 15.424722, "activity_lines": [ 11.231163, 10.925934, 10.891856, 11.183118 ] }, { "date": "2024-05-17", "close": 12.139635, "volume": 84456216, "typical_volume": 31647615.8, "trend": 11.603509, "fair_value": 16.215934, "relative_strength": -1.340699, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.361665, "energy": 25.904501, "activity_lines": [ 11.591353, 11.166895, 10.995682, 11.216283 ] }, { "date": "2024-05-24", "close": 11.482931, "volume": 37844814, "typical_volume": 32900312.7, "trend": 11.572662, "fair_value": 16.112946, "relative_strength": -3.701611, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.324437, "energy": 32.913034, "activity_lines": [ 11.602129, 11.263853, 11.038289, 11.208504 ] }, { "date": "2024-05-31", "close": 11.337208, "volume": 29574451, "typical_volume": 33808738.6, "trend": 11.523202, "fair_value": 16.016827, "relative_strength": -4.126289, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.414773, "energy": 30.516203, "activity_lines": [ 11.55309, 11.328807, 11.070419, 11.193313 ] }, { "date": "2024-06-07", "close": 10.929186, "volume": 25381499, "typical_volume": 34117248.4, "trend": 11.462701, "fair_value": 15.922817, "relative_strength": -6.246745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.98548, "energy": 14.059647, "activity_lines": [ 11.352445, 11.309389, 11.065867, 11.154989 ] }, { "date": "2024-06-14", "close": 11.249775, "volume": 14471936, "typical_volume": 34008866.5, "trend": 11.417685, "fair_value": 15.8255, "relative_strength": -3.352038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.125272, "energy": 11.687294, "activity_lines": [ 11.272183, 11.331707, 11.095325, 11.141252 ] }, { "date": "2024-06-21", "close": 10.569737, "volume": 19508789, "typical_volume": 34085434.8, "trend": 11.326649, "fair_value": 15.729345, "relative_strength": -7.149764, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.078493, "energy": 24.616064, "activity_lines": [ 10.986179, 11.209221, 11.059594, 11.086546 ] }, { "date": "2024-06-28", "close": 10.181143, "volume": 16991866, "typical_volume": 33896261.85, "trend": 11.226498, "fair_value": 15.630062, "relative_strength": -8.250713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.119708, "energy": 36.091829, "activity_lines": [ 10.675305, 11.009032, 10.988618, 11.012642 ] }, { "date": "2024-07-05", "close": 9.860554, "volume": 16690031, "typical_volume": 33415261.05, "trend": 11.125898, "fair_value": 15.517046, "relative_strength": -9.406827, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.770215, "energy": 59.674557, "activity_lines": [ 10.344353, 10.771157, 10.88524, 10.924517 ] }, { "date": "2024-07-12", "close": 10.229717, "volume": 23890934, "typical_volume": 33535622.9, "trend": 11.046879, "fair_value": 15.396523, "relative_strength": -7.490802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.268657, "energy": 60.383691, "activity_lines": [ 10.234899, 10.622996, 10.822069, 10.866699 ] }, { "date": "2024-07-19", "close": 10.161714, "volume": 14280337, "typical_volume": 32560096.0, "trend": 10.971032, "fair_value": 15.2822, "relative_strength": -8.376839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.235061, "energy": 66.34268, "activity_lines": [ 10.149408, 10.478876, 10.755622, 10.809591 ] }, { "date": "2024-07-26", "close": 10.113139, "volume": 13689946, "typical_volume": 32361770.75, "trend": 10.894205, "fair_value": 15.167141, "relative_strength": -5.439918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.912673, "energy": 61.489752, "activity_lines": [ 10.120264, 10.351418, 10.688849, 10.754243 ] }, { "date": "2024-08-02", "close": 10.210288, "volume": 15503214, "typical_volume": 32154819.45, "trend": 10.827974, "fair_value": 15.064329, "relative_strength": -3.856883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.503117, "energy": 41.177461, "activity_lines": [ 10.153942, 10.278468, 10.634535, 10.71012 ] }, { "date": "2024-08-09", "close": 10.200573, "volume": 13454784, "typical_volume": 31761530.4, "trend": 10.774855, "fair_value": 14.966072, "relative_strength": -1.933613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.795769, "energy": 34.486914, "activity_lines": [ 10.182439, 10.226891, 10.583913, 10.669642 ] }, { "date": "2024-08-16", "close": 9.802265, "volume": 10958746, "typical_volume": 31012035.1, "trend": 10.712937, "fair_value": 14.880487, "relative_strength": -5.059036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.019009, "energy": 41.03055, "activity_lines": [ 10.055498, 10.123561, 10.498101, 10.606894 ] }, { "date": "2024-08-23", "close": 9.899413, "volume": 11549023, "typical_volume": 30473875.1, "trend": 10.670891, "fair_value": 14.806444, "relative_strength": -1.966861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.497996, "energy": 41.001926, "activity_lines": [ 9.989437, 10.058383, 10.422573, 10.554409 ] }, { "date": "2024-08-30", "close": 9.45253, "volume": 22540173, "typical_volume": 30242810.4, "trend": 10.621306, "fair_value": 14.729042, "relative_strength": -7.962407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.696251, "energy": 60.369585, "activity_lines": [ 9.791902, 9.936506, 10.305373, 10.475805 ] }, { "date": "2024-09-06", "close": 9.034794, "volume": 17612262, "typical_volume": 25873843.65, "trend": 10.596184, "fair_value": 14.64814, "relative_strength": -9.39661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.412733, "energy": 77.953214, "activity_lines": [ 9.499162, 9.75899, 10.151862, 10.373449 ] }, { "date": "2024-09-13", "close": 8.529621, "volume": 15965401, "typical_volume": 24060127.6, "trend": 10.516475, "fair_value": 14.56389, "relative_strength": -12.567096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.261642, "energy": 88.140658, "activity_lines": [ 9.116397, 9.510466, 9.961094, 10.240123 ] }, { "date": "2024-09-20", "close": 8.869641, "volume": 10129231, "typical_volume": 23420596.7, "trend": 10.44874, "fair_value": 14.490104, "relative_strength": -9.781416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.071355, "energy": 86.097842, "activity_lines": [ 8.95837, 9.347964, 9.814965, 10.133875 ] }, { "date": "2024-09-27", "close": 10.132569, "volume": 30181292, "typical_volume": 22233747.25, "trend": 10.417665, "fair_value": 14.427706, "relative_strength": -12.141453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.996682, "energy": 59.619794, "activity_lines": [ 9.283493, 9.439813, 9.799887, 10.113477 ] }, { "date": "2024-10-04", "close": 11.142912, "volume": 16098310, "typical_volume": 18815851.95, "trend": 10.429545, "fair_value": 14.384349, "relative_strength": -12.274042, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.29136, "energy": 10.664434, "activity_lines": [ 9.929853, 9.715891, 9.887848, 10.160267 ] }, { "date": "2024-10-11", "close": 10.307436, "volume": 48860432, "typical_volume": 19366632.85, "trend": 10.40046, "fair_value": 14.329931, "relative_strength": -14.624461, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.117866, "energy": 22.108705, "activity_lines": [ 10.185029, 9.821341, 9.900986, 10.152389 ] }, { "date": "2024-10-18", "close": 10.239432, "volume": 26528817, "typical_volume": 19214351.15, "trend": 10.382544, "fair_value": 14.277875, "relative_strength": -17.243974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.50872, "energy": 26.780995, "activity_lines": [ 10.332695, 9.912661, 9.913245, 10.142001 ] }, { "date": "2024-10-25", "close": 10.540593, "volume": 31316331, "typical_volume": 19511092.75, "trend": 10.399937, "fair_value": 14.226872, "relative_strength": -16.504409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 19.02568, "energy": 29.103966, "activity_lines": [ 10.46676, 10.05803, 9.959414, 10.152197 ] }, { "date": "2024-11-01", "close": 9.714832, "volume": 49664598, "typical_volume": 21270725.85, "trend": 10.387565, "fair_value": 14.169971, "relative_strength": -21.34856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.265204, "energy": 13.916593, "activity_lines": [ 10.214174, 10.039837, 9.928789, 10.107997 ] }, { "date": "2024-11-08", "close": 11.278918, "volume": 133976475, "typical_volume": 26994110.15, "trend": 10.424131, "fair_value": 14.12008, "relative_strength": -14.067528, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.974971, "energy": 23.532903, "activity_lines": [ 10.5108, 10.309379, 10.054434, 10.165504 ] }, { "date": "2024-11-15", "close": 10.822323, "volume": 61565056, "typical_volume": 29222769.65, "trend": 10.407731, "fair_value": 14.065999, "relative_strength": -14.020431, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.603918, "energy": 20.612936, "activity_lines": [ 10.64616, 10.462697, 10.133217, 10.191193 ] }, { "date": "2024-11-22", "close": 10.472588, "volume": 51533647, "typical_volume": 30964950.45, "trend": 10.38671, "fair_value": 14.003476, "relative_strength": -13.859945, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.589289, "energy": 15.287832, "activity_lines": [ 10.630616, 10.519926, 10.175638, 10.195378 ] }, { "date": "2024-11-29", "close": 10.802893, "volume": 33989036, "typical_volume": 31469855.55, "trend": 10.37574, "fair_value": 13.944607, "relative_strength": -12.124402, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.051344, "energy": 32.41067, "activity_lines": [ 10.70963, 10.601884, 10.246603, 10.222228 ] }, { "date": "2024-12-06", "close": 10.686315, "volume": 35864417, "typical_volume": 32549059.55, "trend": 10.346489, "fair_value": 13.883783, "relative_strength": -14.042132, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.054449, "energy": 20.249991, "activity_lines": [ 10.732298, 10.627496, 10.303735, 10.242265 ] }, { "date": "2024-12-13", "close": 11.172056, "volume": 75135343, "typical_volume": 35621329.4, "trend": 10.314237, "fair_value": 13.828927, "relative_strength": -9.059402, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.466848, "energy": 23.682887, "activity_lines": [ 10.852115, 10.731356, 10.404631, 10.295528 ] }, { "date": "2024-12-20", "close": 10.919471, "volume": 42776047, "typical_volume": 36984971.05, "trend": 10.295455, "fair_value": 13.765373, "relative_strength": -10.10913, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.586866, "energy": 34.612107, "activity_lines": [ 10.89486, 10.788762, 10.476428, 10.334575 ] }, { "date": "2024-12-27", "close": 10.414299, "volume": 35985953, "typical_volume": 38111529.5, "trend": 10.264691, "fair_value": 13.700721, "relative_strength": -13.838342, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.230139, "energy": 25.396949, "activity_lines": [ 10.762738, 10.743191, 10.496737, 10.342242 ] }, { "date": "2025-01-03", "close": 9.569109, "volume": 33319287, "typical_volume": 39229556.55, "trend": 10.219355, "fair_value": 13.641405, "relative_strength": -14.272505, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 13.34129, "energy": 9.243798, "activity_lines": [ 10.352772, 10.540769, 10.435533, 10.297366 ] }, { "date": "2025-01-10", "close": 9.258234, "volume": 34754105, "typical_volume": 40389810.65, "trend": 10.15297, "fair_value": 13.574664, "relative_strength": -15.699768, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.031873, "energy": 26.457973, "activity_lines": [ 9.921433, 10.299488, 10.345833, 10.235358 ] }, { "date": "2025-01-17", "close": 9.510819, "volume": 30137400, "typical_volume": 40769672.0, "trend": 10.117673, "fair_value": 13.513768, "relative_strength": -15.994961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.984896, "energy": 38.084513, "activity_lines": [ 9.669495, 10.112433, 10.283242, 10.193929 ] }, { "date": "2025-01-24", "close": 9.510819, "volume": 24051871, "typical_volume": 41091652.45, "trend": 10.095329, "fair_value": 13.450786, "relative_strength": -16.569076, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.799389, "energy": 47.32649, "activity_lines": [ 9.528306, 9.957525, 10.220373, 10.154777 ] }, { "date": "2025-01-31", "close": 9.520535, "volume": 3805002, "typical_volume": 40483632.5, "trend": 10.083995, "fair_value": 13.38452, "relative_strength": -14.900346, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.399259, "energy": 51.586452, "activity_lines": [ 9.484266, 9.82823, 10.156162, 10.117694 ] }, { "date": "2025-02-07", "close": 9.675973, "volume": 14398421, "typical_volume": 40697092.0, "trend": 10.065537, "fair_value": 13.31283, "relative_strength": -16.507529, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.583215, "energy": 43.847266, "activity_lines": [ 9.551622, 9.744506, 10.102037, 10.09137 ] }, { "date": "2025-02-14", "close": 9.763406, "volume": 24318938, "typical_volume": 40403974.3, "trend": 10.05226, "fair_value": 13.243457, "relative_strength": -16.629946, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.776874, "energy": 27.006547, "activity_lines": [ 9.640999, 9.697168, 10.052399, 10.071878 ] }, { "date": "2025-02-21", "close": 9.763406, "volume": 30409591, "typical_volume": 41119538.35, "trend": 10.040602, "fair_value": 13.173535, "relative_strength": -18.01077, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.109508, "energy": 17.65231, "activity_lines": [ 9.696697, 9.666611, 10.004518, 10.053242 ] }, { "date": "2025-02-28", "close": 9.734262, "volume": 44580837, "typical_volume": 40905558.6, "trend": 10.024735, "fair_value": 13.112424, "relative_strength": -14.941516, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.632523, "energy": 13.339404, "activity_lines": [ 9.725842, 9.656366, 9.960432, 10.033478 ] }, { "date": "2025-03-07", "close": 9.588538, "volume": 27711508, "typical_volume": 40964693.15, "trend": 10.004333, "fair_value": 13.048295, "relative_strength": -17.618943, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.066034, "energy": 14.614787, "activity_lines": [ 9.691516, 9.641175, 9.905196, 10.005336 ] }, { "date": "2025-03-14", "close": 9.996562, "volume": 34363804, "typical_volume": 41117066.8, "trend": 10.01081, "fair_value": 12.99353, "relative_strength": -14.78067, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.68536, "energy": 18.885239, "activity_lines": [ 9.788664, 9.715185, 9.891919, 10.004835 ] }, { "date": "2025-03-21", "close": 10.083995, "volume": 40688318, "typical_volume": 40668252.8, "trend": 10.016963, "fair_value": 12.948818, "relative_strength": -11.404711, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.764136, "energy": 15.8003, "activity_lines": [ 9.893584, 9.797319, 9.88956, 10.009557 ] }, { "date": "2025-03-28", "close": 10.083995, "volume": 32817906, "typical_volume": 35610324.35, "trend": 10.038012, "fair_value": 12.91047, "relative_strength": -10.548827, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.178463, "energy": 16.010276, "activity_lines": [ 9.977132, 9.86444, 9.885442, 10.013881 ] }, { "date": "2025-04-04", "close": 9.637114, "volume": 25984127, "typical_volume": 33831277.9, "trend": 10.058089, "fair_value": 12.877269, "relative_strength": -12.318957, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.62115, "energy": 21.947975, "activity_lines": [ 9.890346, 9.839888, 9.844455, 9.988017 ] }, { "date": "2025-04-11", "close": 8.869641, "volume": 39655134, "typical_volume": 33237352.25, "trend": 10.069423, "fair_value": 12.842495, "relative_strength": -14.63012, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.70706, "energy": 47.574636, "activity_lines": [ 9.554213, 9.6735, 9.736019, 9.911343 ] }, { "date": "2025-04-18", "close": 9.180515, "volume": 27485458, "typical_volume": 32912173.35, "trend": 10.079785, "fair_value": 12.809933, "relative_strength": -10.704763, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.243991, "energy": 65.273797, "activity_lines": [ 9.369631, 9.575468, 9.664823, 9.853994 ] }, { "date": "2025-04-25", "close": 9.063938, "volume": 22145642, "typical_volume": 32226234.6, "trend": 10.044164, "fair_value": 12.77794, "relative_strength": -12.628005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.495639, "energy": 74.616736, "activity_lines": [ 9.200593, 9.465249, 9.59025, 9.788455 ] }, { "date": "2025-05-02", "close": 9.22909, "volume": 12510749, "typical_volume": 29095004.9, "trend": 9.98037, "fair_value": 12.747665, "relative_strength": -10.504511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.371032, "energy": 71.482666, "activity_lines": [ 9.15461, 9.397775, 9.539132, 9.73587 ] }, { "date": "2025-05-09", "close": 9.374812, "volume": 13678825, "typical_volume": 27640143.8, "trend": 9.949283, "fair_value": 12.717611, "relative_strength": -10.696383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.637048, "energy": 55.926228, "activity_lines": [ 9.214194, 9.366511, 9.511144, 9.696802 ] }, { "date": "2025-05-16", "close": 9.481524, "volume": 19773534, "typical_volume": 26829522.85, "trend": 9.924019, "fair_value": 12.694715, "relative_strength": -9.613379, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.836632, "energy": 34.589495, "activity_lines": [ 9.326835, 9.361184, 9.500674, 9.666624 ] }, { "date": "2025-05-23", "close": 9.461792, "volume": 16539512, "typical_volume": 25990534.1, "trend": 9.888059, "fair_value": 12.672461, "relative_strength": -8.897566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.83898, "energy": 21.376157, "activity_lines": [ 9.392107, 9.354216, 9.492768, 9.636803 ] }, { "date": "2025-05-30", "close": 9.432193, "volume": 12565746, "typical_volume": 24881116.15, "trend": 9.878638, "fair_value": 12.645573, "relative_strength": -7.883586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.887324, "energy": 17.659155, "activity_lines": [ 9.428761, 9.351589, 9.482553, 9.607392 ] }, { "date": "2025-06-06", "close": 9.461792, "volume": 13626118, "typical_volume": 24055552.05, "trend": 9.818067, "fair_value": 12.617953, "relative_strength": -8.458227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.047115, "energy": 16.635858, "activity_lines": [ 9.450731, 9.366194, 9.474329, 9.580499 ] }, { "date": "2025-06-13", "close": 9.126337, "volume": 18831250, "typical_volume": 23794521.0, "trend": 9.761534, "fair_value": 12.583976, "relative_strength": -10.634323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.46723, "energy": 23.908876, "activity_lines": [ 9.345369, 9.331121, 9.43439, 9.535871 ] }, { "date": "2025-06-20", "close": 9.077005, "volume": 12457706, "typical_volume": 24227156.2, "trend": 9.715015, "fair_value": 12.550851, "relative_strength": -9.631538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.782054, "energy": 34.053275, "activity_lines": [ 9.240128, 9.296365, 9.391583, 9.491708 ] }, { "date": "2025-06-27", "close": 9.333529, "volume": 14158757, "typical_volume": 24215173.0, "trend": 9.666036, "fair_value": 12.513996, "relative_strength": -9.988642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.701856, "energy": 30.190922, "activity_lines": [ 9.247364, 9.304479, 9.37532, 9.467096 ] }, { "date": "2025-07-04", "close": 9.353262, "volume": 15299338, "typical_volume": 23764193.0, "trend": 9.621601, "fair_value": 12.478553, "relative_strength": -10.495752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.163959, "energy": 30.057202, "activity_lines": [ 9.269727, 9.313399, 9.362567, 9.446917 ] }, { "date": "2025-07-11", "close": 9.560454, "volume": 18994251, "typical_volume": 23193426.0, "trend": 9.567881, "fair_value": 12.43217, "relative_strength": -9.658504, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.422646, "energy": 13.400215, "activity_lines": [ 9.366417, 9.35473, 9.371499, 9.442972 ] }, { "date": "2025-07-18", "close": 9.718316, "volume": 20235254, "typical_volume": 21976146.85, "trend": 9.527842, "fair_value": 12.382884, "relative_strength": -9.557884, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.991409, "energy": 14.421513, "activity_lines": [ 9.50915, 9.418738, 9.396432, 9.452677 ] }, { "date": "2025-07-25", "close": 10.043904, "volume": 34287987, "typical_volume": 22304970.8, "trend": 9.515496, "fair_value": 12.335452, "relative_strength": -8.159321, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.186244, "energy": 51.889445, "activity_lines": [ 9.720947, 9.535699, 9.45245, 9.485972 ] }, { "date": "2025-08-01", "close": 10.043904, "volume": 31951613, "typical_volume": 22184361.25, "trend": 9.531322, "fair_value": 12.293745, "relative_strength": -6.166098, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.15913, "energy": 63.077693, "activity_lines": [ 9.868284, 9.642435, 9.506299, 9.520062 ] }, { "date": "2025-08-08", "close": 10.014304, "volume": 20085116, "typical_volume": 21154201.15, "trend": 9.556525, "fair_value": 12.251381, "relative_strength": -7.018201, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.092655, "energy": 67.31217, "activity_lines": [ 9.958396, 9.733205, 9.557103, 9.551223 ] }, { "date": "2025-08-15", "close": 9.955108, "volume": 23257178, "typical_volume": 20676164.75, "trend": 9.571334, "fair_value": 12.214363, "relative_strength": -11.025011, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.568708, "energy": 74.241409, "activity_lines": [ 9.984706, 9.802628, 9.602602, 9.576938 ] }, { "date": "2025-08-22", "close": 10.172167, "volume": 31918815, "typical_volume": 20972899.15, "trend": 9.593379, "fair_value": 12.176925, "relative_strength": -12.4012, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.64423, "energy": 75.217181, "activity_lines": [ 10.057059, 9.902547, 9.669387, 9.615701 ] }, { "date": "2025-08-29", "close": 9.955108, "volume": 33710851, "typical_volume": 20675685.0, "trend": 9.607865, "fair_value": 12.145399, "relative_strength": -17.269519, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.689897, "energy": 47.566487, "activity_lines": [ 10.026803, 9.943985, 9.712951, 9.639038 ] }, { "date": "2025-09-05", "close": 9.501257, "volume": 44325780, "typical_volume": 21517701.1, "trend": 9.602041, "fair_value": 12.111488, "relative_strength": -19.798773, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.463609, "energy": 23.6064, "activity_lines": [ 9.851183, 9.88694, 9.708123, 9.63216 ] }, { "date": "2025-09-12", "close": 9.511124, "volume": 24147164, "typical_volume": 21617777.2, "trend": 9.593632, "fair_value": 12.079569, "relative_strength": -21.252508, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.27226, "energy": 15.731522, "activity_lines": [ 9.715028, 9.828639, 9.702708, 9.626295 ] }, { "date": "2025-09-19", "close": 9.442059, "volume": 23281987, "typical_volume": 22156339.1, "trend": 9.58292, "fair_value": 12.049252, "relative_strength": -22.099149, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.160104, "energy": 19.960139, "activity_lines": [ 9.589396, 9.754911, 9.688585, 9.616516 ] }, { "date": "2025-09-26", "close": 9.274331, "volume": 22020510, "typical_volume": 22573423.35, "trend": 9.567589, "fair_value": 12.018035, "relative_strength": -23.709186, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.882834, "energy": 34.055231, "activity_lines": [ 9.442059, 9.652839, 9.657474, 9.596607 ] }, { "date": "2025-10-03", "close": 9.244733, "volume": 7018157, "typical_volume": 21935654.5, "trend": 9.556129, "fair_value": 11.98581, "relative_strength": -25.151575, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.236776, "energy": 42.154266, "activity_lines": [ 9.344711, 9.553459, 9.624022, 9.575778 ] }, { "date": "2025-10-10", "close": 9.363129, "volume": 8392791, "typical_volume": 21528318.45, "trend": 9.535014, "fair_value": 11.961705, "relative_strength": -22.695276, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.240759, "energy": 41.598775, "activity_lines": [ 9.334187, 9.490135, 9.602974, 9.563326 ] }, { "date": "2025-10-17", "close": 9.195401, "volume": 22526210, "typical_volume": 22026341.65, "trend": 9.505395, "fair_value": 11.937051, "relative_strength": -19.642747, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.168569, "energy": 48.65093, "activity_lines": [ 9.276963, 9.408693, 9.566422, 9.541415 ] }, { "date": "2025-10-24", "close": 9.49139, "volume": 17954815, "typical_volume": 22242776.5, "trend": 9.485641, "fair_value": 11.911607, "relative_strength": -20.329672, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.800945, "energy": 26.282087, "activity_lines": [ 9.339449, 9.395956, 9.559186, 9.540512 ] }, { "date": "2025-10-31", "close": 9.49139, "volume": 22679733, "typical_volume": 22435200.65, "trend": 9.480784, "fair_value": 11.88254, "relative_strength": -20.48513, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.59777, "energy": 12.025943, "activity_lines": [ 9.398647, 9.391651, 9.55181, 9.540883 ] }, { "date": "2025-11-07", "close": 9.481524, "volume": 20853604, "typical_volume": 22854995.55, "trend": 9.50118, "fair_value": 11.85528, "relative_strength": -20.199579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.435084, "energy": 6.636207, "activity_lines": [ 9.440085, 9.397929, 9.541756, 9.540931 ] }, { "date": "2025-11-14", "close": 12.007299, "volume": 61485684, "typical_volume": 25221341.9, "trend": 9.595406, "fair_value": 11.847541, "relative_strength": 2.715197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.420975, "energy": 76.792472, "activity_lines": [ 10.307663, 9.87205, 9.770325, 9.702616 ] }, { "date": "2025-11-21", "close": 10.132701, "volume": 234778101, "typical_volume": 36195280.05, "trend": 9.631031, "fair_value": 11.822177, "relative_strength": -8.244751, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.650706, "energy": 59.440911, "activity_lines": [ 10.374096, 9.959771, 9.807629, 9.73728 ] }, { "date": "2025-11-28", "close": 10.310294, "volume": 64329673, "typical_volume": 38462051.15, "trend": 9.667071, "fair_value": 11.796899, "relative_strength": -9.400672, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.292899, "energy": 66.537059, "activity_lines": [ 10.437241, 10.06848, 9.858135, 9.781103 ] }, { "date": "2025-12-05", "close": 10.576685, "volume": 101797066, "typical_volume": 42540141.75, "trend": 9.707134, "fair_value": 11.772553, "relative_strength": -7.840563, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.309673, "energy": 70.196121, "activity_lines": [ 10.534588, 10.209837, 9.930441, 9.839788 ] }, { "date": "2025-12-12", "close": 10.182032, "volume": 87379538, "typical_volume": 45194719.3, "trend": 9.730484, "fair_value": 11.744954, "relative_strength": -11.483762, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.746082, "energy": 35.319895, "activity_lines": [ 10.428032, 10.25576, 9.961074, 9.870427 ] }, { "date": "2025-12-19", "close": 10.497754, "volume": 48582371, "typical_volume": 46026257.2, "trend": 9.765016, "fair_value": 11.716966, "relative_strength": -7.453623, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.879148, "energy": 34.123753, "activity_lines": [ 10.380016, 10.342046, 10.021117, 9.919928 ] }, { "date": "2025-12-26", "close": 10.300427, "volume": 40166256, "typical_volume": 47030314.2, "trend": 9.793957, "fair_value": 11.684697, "relative_strength": -11.856745, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.10967, "energy": 26.302343, "activity_lines": [ 10.366861, 10.371824, 10.060207, 9.95447 ] }, { "date": "2026-01-02", "close": 10.300427, "volume": 34126014, "typical_volume": 47573756.0, "trend": 9.821912, "fair_value": 11.650741, "relative_strength": -10.933442, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.462135, "energy": 21.440365, "activity_lines": [ 10.342524, 10.381511, 10.097933, 9.987146 ] }, { "date": "2026-01-09", "close": 10.339892, "volume": 47134293, "typical_volume": 48334529.9, "trend": 9.862364, "fair_value": 11.614504, "relative_strength": -13.948627, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.911536, "energy": 21.430154, "activity_lines": [ 10.331999, 10.383663, 10.137774, 10.020564 ] }, { "date": "2026-01-16", "close": 10.487888, "volume": 68810550, "typical_volume": 50089514.85, "trend": 9.909393, "fair_value": 11.582352, "relative_strength": -13.305583, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.492872, "energy": 21.94584, "activity_lines": [ 10.386593, 10.397297, 10.190912, 10.06092 ] }, { "date": "2026-01-23", "close": 10.754278, "volume": 40560620, "typical_volume": 49901256.85, "trend": 9.956751, "fair_value": 11.548109, "relative_strength": -11.720594, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.987796, "energy": 30.420219, "activity_lines": [ 10.509593, 10.441067, 10.266882, 10.115429 ] }, { "date": "2026-01-30", "close": 10.310294, "volume": 50096191, "typical_volume": 51198708.2, "trend": 9.988652, "fair_value": 11.497632, "relative_strength": -13.555372, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.066922, "energy": 24.697316, "activity_lines": [ 10.467497, 10.426896, 10.294602, 10.138238 ] }, { "date": "2026-02-06", "close": 10.448422, "volume": 35323978, "typical_volume": 51800807.75, "trend": 10.018251, "fair_value": 11.450935, "relative_strength": -10.176221, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.347796, "energy": 24.001593, "activity_lines": [ 10.470786, 10.434609, 10.331671, 10.167901 ] }, { "date": "2026-02-13", "close": 10.260962, "volume": 26765818, "typical_volume": 52038073.15, "trend": 10.03634, "fair_value": 11.40376, "relative_strength": -12.635437, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.091816, "energy": 18.757335, "activity_lines": [ 10.401722, 10.405728, 10.346094, 10.18356 ] }, { "date": "2026-02-27", "close": 10.201765, "volume": 26827437, "typical_volume": 53028537.15, "trend": 10.041602, "fair_value": 11.357351, "relative_strength": -15.144465, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.519602, "energy": 15.563633, "activity_lines": [ 10.318187, 10.371824, 10.350182, 10.194232 ] }, { "date": "2026-03-06", "close": 9.836712, "volume": 41431174, "typical_volume": 54680456.3, "trend": 10.034695, "fair_value": 11.305587, "relative_strength": -15.883822, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.23351, "energy": 9.271575, "activity_lines": [ 10.132043, 10.271188, 10.314945, 10.181014 ] }, { "date": "2026-03-13", "close": 10.270829, "volume": 33302726, "typical_volume": 55219282.1, "trend": 10.043246, "fair_value": 11.254615, "relative_strength": -12.500146, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.797208, "energy": 13.458218, "activity_lines": [ 10.151776, 10.261501, 10.318798, 10.196248 ] }, { "date": "2026-03-20", "close": 10.152433, "volume": 41839302, "typical_volume": 56413506.45, "trend": 10.049824, "fair_value": 11.201016, "relative_strength": -10.549458, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.932366, "energy": 13.474633, "activity_lines": [ 10.134674, 10.230825, 10.306254, 10.203292 ] }, { "date": "2026-03-27", "close": 9.442059, "volume": 53379385, "typical_volume": 57948489.05, "trend": 10.025487, "fair_value": 11.154441, "relative_strength": -15.65861, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.863295, "energy": 38.625093, "activity_lines": [ 9.900514, 10.073682, 10.222907, 10.164082 ] }, { "date": "2026-04-03", "close": 9.294065, "volume": 33205395, "typical_volume": 58566078.6, "trend": 10.003452, "fair_value": 11.108002, "relative_strength": -13.929152, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.808542, "energy": 48.628459, "activity_lines": [ 9.671615, 9.905955, 10.1257, 10.116893 ] }, { "date": "2026-04-10", "close": 9.629519, "volume": 22349943, "typical_volume": 56609291.55, "trend": 10.007727, "fair_value": 11.066489, "relative_strength": -16.272726, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.370337, "energy": 51.1894, "activity_lines": [ 9.615048, 9.820925, 10.061334, 10.092768 ] }, { "date": "2026-04-17", "close": 10.093235, "volume": 39541723, "typical_volume": 46847472.65, "trend": 10.027131, "fair_value": 11.023123, "relative_strength": -15.182132, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.196791, "energy": 39.969407, "activity_lines": [ 9.726866, 9.840658, 10.052455, 10.098285 ] }, { "date": "2026-04-24", "close": 11.217995, "volume": 208995560, "typical_volume": 54080767.0, "trend": 10.086329, "fair_value": 10.997882, "relative_strength": -5.650576, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 23.752565, "energy": 12.952521, "activity_lines": [ 10.225444, 10.068839, 10.150883, 10.175115 ] }, { "date": "2026-05-01", "close": 10.734546, "volume": 122510421, "typical_volume": 55116434.75, "trend": 10.135003, "fair_value": 10.970387, "relative_strength": -10.275061, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.178592, "energy": 26.984409, "activity_lines": [ 10.491835, 10.195128, 10.198946, 10.216936 ] }, { "date": "2026-05-08", "close": 11.119332, "volume": 70769661, "typical_volume": 54285940.9, "trend": 10.197489, "fair_value": 10.943489, "relative_strength": -9.303647, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.075966, "energy": 46.275496, "activity_lines": [ 10.800321, 10.382767, 10.282904, 10.280441 ] }, { "date": "2026-05-15", "close": 10.66, "volume": 114680913, "typical_volume": 57590868.0, "trend": 10.240718, "fair_value": 10.913647, "relative_strength": -12.522615, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.686632, "energy": 44.961387, "activity_lines": [ 10.834013, 10.470208, 10.318652, 10.31028 ] }, { "date": "2026-05-22", "close": 9.6, "volume": 63557738, "typical_volume": 58760442.1, "trend": 10.254205, "fair_value": 10.87918, "relative_strength": -20.788024, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 0.719315, "energy": 9.228438, "activity_lines": [ 10.445672, 10.349954, 10.252675, 10.268943 ] }, { "date": "2026-05-29", "close": 9.08, "volume": 57986717, "typical_volume": 59953477.25, "trend": 10.240492, "fair_value": 10.843913, "relative_strength": -24.314858, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.05271, "energy": 26.775361, "activity_lines": [ 9.916881, 10.14735, 10.14051, 10.193188 ] }, { "date": "2026-06-05", "close": 8.61, "volume": 7585623, "typical_volume": 57976043.75, "trend": 10.211112, "fair_value": 10.803945, "relative_strength": -26.318183, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -72.305946, "energy": 56.380481, "activity_lines": [ 9.373955, 9.878791, 9.989395, 10.087995 ] }, { "date": "2026-06-12", "close": 8.7, "volume": 13992280, "typical_volume": 55235130.25, "trend": 10.185061, "fair_value": 10.765156, "relative_strength": -23.126458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.034034, "energy": 71.784626, "activity_lines": [ 9.002667, 9.641724, 9.855089, 9.990504 ] }, { "date": "2026-06-19", "close": 8.35, "volume": 28299202, "typical_volume": 54622059.35, "trend": 10.063152, "fair_value": 10.727761, "relative_strength": -30.458009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.842231, "energy": 79.955083, "activity_lines": [ 8.676, 9.351822, 9.695963, 9.872113 ] }, { "date": "2026-06-26", "close": 7.91, "volume": 6478404, "typical_volume": 52441170.0, "trend": 9.989062, "fair_value": 10.689636, "relative_strength": -32.380349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.941744, "energy": 85.15883, "activity_lines": [ 8.356667, 9.005183, 9.506381, 9.7332 ] }, { "date": "2026-07-03", "close": 8.31, "volume": 7372650, "typical_volume": 51043603.6, "trend": 9.922385, "fair_value": 10.652907, "relative_strength": -27.429499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.651922, "energy": 77.831429, "activity_lines": [ 8.283333, 8.770967, 9.366324, 9.624873 ] }, { "date": "2026-07-10", "close": 8.07, "volume": 23296694, "typical_volume": 50870147.4, "trend": 9.838829, "fair_value": 10.615685, "relative_strength": -26.262203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.743447, "energy": 74.249462, "activity_lines": [ 8.181333, 8.545988, 9.213594, 9.505365 ] }, { "date": "2026-07-17", "close": 8.38, "volume": 28855967, "typical_volume": 50971573.9, "trend": 9.778761, "fair_value": 10.577436, "relative_strength": -15.312777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.836793, "energy": 56.955542, "activity_lines": [ 8.218667, 8.425818, 9.10082, 9.411247 ] }, { "date": "2026-07-24", "close": 8.07, "volume": 29589785, "typical_volume": 50379504.45, "trend": 9.697836, "fair_value": 10.537815, "relative_strength": -18.183145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.85822, "energy": 57.766323, "activity_lines": [ 8.174, 8.299091, 8.967197, 9.301004 ] }, { "date": "2026-07-31", "close": 9.06, "volume": 79092189, "typical_volume": 52668977.6, "trend": 9.656488, "fair_value": 10.506078, "relative_strength": -6.237473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.023248, "energy": 38.688696, "activity_lines": [ 8.478, 8.399455, 8.936274, 9.259853 ] }, { "date": "2026-08-07", "close": 8.77, "volume": 43967526, "typical_volume": 52775388.8, "trend": 9.605474, "fair_value": 10.470821, "relative_strength": -13.175353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.804213, "energy": 27.714108, "activity_lines": [ 8.608667, 8.456909, 8.883496, 9.202661 ] } ], "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." } } }