{ "ticker": { "uuid": "b99e23e1-5248-4c13-93e4-4ed492b01547", "symbol": "300847", "name": "HG Technologies 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": -33.971, "architecture_energy": 20.129, "architecture_maturity": 95.995, "architecture_confidence": 78.362, "architecture_tenure": "Established", "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": 30.81, "rotation_up": 30.78, "upward_expansion": 21.6, "deceleration": 44.16, "rotation_down": 28.93, "downward_expansion": 60.27 }, "activity_lines": [ 14.31, 13.974182, 14.352095, 14.890583 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 14.99, "trend_reference": 15.717073, "distance_from_trend": -0.04626, "trend_direction": "Weakening", "fair_value": 16.413175, "distance_from_fair_value": -0.086709, "fair_value_direction": "Weakening", "relative_strength": -13.644744, "relative_strength_direction": "Improving", "price_momentum": -0.130925, "excess_performance": -0.138325, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.04626, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.071932, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.086709, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.054979, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.136447, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.110692, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.130925, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.642817, "read": "Demand-led" } ], "volume": { "latest": 65671717, "relative_activity": 3.731923, "balance": 1.642817, "dry_up": 2.03904, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.078102, "annualized_volatility": 0.299654, "from_high_reference": -0.286176, "from_low_reference": 0.180315 }, "levels": { "trend_reference": 15.717073, "fair_value_reference": 16.413175, "structural_low": 12.7, "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": 23, "median_return": 0.000743, "positive_rate": 0.521739, "directional_follow_through": 0.478261, "median_excess_return": 0.013474, "regime_survival": 0.695652, "best_return": 0.680468, "worst_return": -0.128529, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.027909, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.027103, "regime_survival": 0.333333, "best_return": 0.390845, "worst_return": -0.113846, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.074576, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.01406, "regime_survival": 0.333333, "best_return": 0.411092, "worst_return": -0.207142, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.143329, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.121677, "regime_survival": 0.333333, "best_return": 0.15042, "worst_return": 0.037315, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": 0.051083, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2024-12-06", "tenure": "Developing", "return": -0.017223, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-13", "end": "2025-03-21", "tenure": "Established", "return": 0.016111, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-18", "tenure": "New", "return": -0.091807, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-13", "tenure": "Developing", "return": 0.061829, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": 0.00745, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-09-05", "tenure": "Developing", "return": -0.161772, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-10-10", "tenure": "Developing", "return": -0.016031, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.04274, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-28", "tenure": "Developing", "return": 0.049944, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": -0.035408, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": 0.049325, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-03-20", "tenure": "Developing", "return": -0.123153, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-08-07", "tenure": "Established", "return": -0.036702, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 18.631161, "volume": 50972154, "typical_volume": 96955154.5, "trend": 18.438123, "fair_value": 15.562113, "relative_strength": 17.215764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.685138, "energy": 20.393451, "activity_lines": [ 18.975424, 20.159354, 19.673999, 19.094099 ] }, { "date": "2023-08-04", "close": 17.790071, "volume": 37175180, "typical_volume": 96924149.5, "trend": 18.518588, "fair_value": 15.603275, "relative_strength": 9.705058, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.903019, "energy": 19.088694, "activity_lines": [ 18.369055, 19.596018, 19.596921, 19.052289 ] }, { "date": "2023-08-11", "close": 17.105461, "volume": 24237114, "typical_volume": 96256557.7, "trend": 18.55093, "fair_value": 15.59554, "relative_strength": 8.879973, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.959667, "energy": 25.117205, "activity_lines": [ 17.844839, 18.980047, 19.449033, 18.961119 ] }, { "date": "2023-08-18", "close": 17.04678, "volume": 30059800, "typical_volume": 95837320.8, "trend": 18.604673, "fair_value": 15.581089, "relative_strength": 11.279635, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.985605, "energy": 39.2408, "activity_lines": [ 17.48493, 18.449786, 19.291491, 18.864077 ] }, { "date": "2023-08-25", "close": 16.137228, "volume": 58393291, "typical_volume": 96244550.35, "trend": 18.526238, "fair_value": 15.560766, "relative_strength": 7.985786, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.04131, "energy": 50.971616, "activity_lines": [ 16.960063, 17.842706, 19.037007, 18.704887 ] }, { "date": "2023-09-01", "close": 17.066341, "volume": 33205926, "typical_volume": 96257573.9, "trend": 18.412274, "fair_value": 15.558627, "relative_strength": 9.702852, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.044013, "energy": 48.391261, "activity_lines": [ 16.86813, 17.516049, 18.868451, 18.6107 ] }, { "date": "2023-09-08", "close": 17.242382, "volume": 34934289, "typical_volume": 96068305.3, "trend": 18.303854, "fair_value": 15.555105, "relative_strength": 11.822408, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.346005, "energy": 42.642591, "activity_lines": [ 16.939199, 17.320268, 18.704719, 18.535224 ] }, { "date": "2023-09-15", "close": 16.528433, "volume": 43771466, "typical_volume": 96100306.0, "trend": 18.225484, "fair_value": 15.527696, "relative_strength": 7.805708, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.61699, "energy": 34.546425, "activity_lines": [ 16.808797, 17.089279, 18.459796, 18.42068 ] }, { "date": "2023-09-22", "close": 16.235031, "volume": 20011200, "typical_volume": 96132946.0, "trend": 18.150634, "fair_value": 15.5059, "relative_strength": 4.753992, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.878393, "energy": 34.20996, "activity_lines": [ 16.619063, 16.865581, 18.175325, 18.292264 ] }, { "date": "2023-09-29", "close": 16.235031, "volume": 19109003, "typical_volume": 87273935.2, "trend": 18.032964, "fair_value": 15.476569, "relative_strength": 4.664232, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.461837, "energy": 39.566872, "activity_lines": [ 16.483446, 16.69434, 17.88023, 18.168677 ] }, { "date": "2023-10-13", "close": 16.195908, "volume": 21814382, "typical_volume": 75122345.15, "trend": 17.985681, "fair_value": 15.442788, "relative_strength": 4.05187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -36.630337, "energy": 54.88304, "activity_lines": [ 16.328267, 16.547816, 17.59391, 18.050157 ] }, { "date": "2023-10-20", "close": 15.354816, "volume": 19914440, "typical_volume": 66639212.5, "trend": 17.943774, "fair_value": 15.408391, "relative_strength": 2.960736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.409474, "energy": 74.274326, "activity_lines": [ 15.950753, 16.292643, 17.263574, 17.880424 ] }, { "date": "2023-10-27", "close": 15.716681, "volume": 17144838, "typical_volume": 56592859.85, "trend": 17.925931, "fair_value": 15.376437, "relative_strength": 2.432549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.886825, "energy": 72.197191, "activity_lines": [ 15.819699, 16.147541, 16.998113, 17.73674 ] }, { "date": "2023-11-03", "close": 15.775361, "volume": 15976775, "typical_volume": 50428091.75, "trend": 17.955783, "fair_value": 15.338478, "relative_strength": 1.220134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.382379, "energy": 70.00395, "activity_lines": [ 15.762322, 16.038359, 16.770096, 17.597994 ] }, { "date": "2023-11-10", "close": 16.186129, "volume": 20412814, "typical_volume": 44947991.0, "trend": 17.975322, "fair_value": 15.298088, "relative_strength": 1.836941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.944607, "energy": 56.845126, "activity_lines": [ 15.872511, 16.026979, 16.610447, 17.483823 ] }, { "date": "2023-11-17", "close": 16.499094, "volume": 23986042, "typical_volume": 41164567.8, "trend": 18.040004, "fair_value": 15.253157, "relative_strength": 3.010159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.453657, "energy": 36.494393, "activity_lines": [ 16.090283, 16.071612, 16.509572, 17.388582 ] }, { "date": "2023-11-24", "close": 16.039425, "volume": 18665961, "typical_volume": 35420898.5, "trend": 18.092283, "fair_value": 15.227513, "relative_strength": 0.845899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.125044, "energy": 31.819015, "activity_lines": [ 16.134619, 16.042983, 16.393514, 17.259512 ] }, { "date": "2023-12-01", "close": 16.029646, "volume": 37393621, "typical_volume": 30971726.55, "trend": 18.156887, "fair_value": 15.200242, "relative_strength": 2.02348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.057941, "energy": 29.708004, "activity_lines": [ 16.130055, 16.034447, 16.307029, 17.126439 ] }, { "date": "2023-12-08", "close": 17.330402, "volume": 84241847, "typical_volume": 32567854.3, "trend": 18.267769, "fair_value": 15.187032, "relative_strength": 12.029494, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.562313, "energy": 18.632828, "activity_lines": [ 16.538212, 16.271482, 16.362683, 17.073118 ] }, { "date": "2023-12-15", "close": 17.526009, "volume": 72331346, "typical_volume": 34187574.45, "trend": 18.2233, "fair_value": 15.181417, "relative_strength": 14.970298, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.334204, "energy": 12.44686, "activity_lines": [ 16.907902, 16.524165, 16.445488, 17.025262 ] }, { "date": "2023-12-22", "close": 17.232603, "volume": 43352278, "typical_volume": 33806580.65, "trend": 18.005234, "fair_value": 15.173385, "relative_strength": 14.667299, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.314381, "energy": 17.381339, "activity_lines": [ 17.090465, 16.70003, 16.502539, 16.961346 ] }, { "date": "2023-12-29", "close": 16.997877, "volume": 39249983, "typical_volume": 33910320.8, "trend": 17.847122, "fair_value": 15.167884, "relative_strength": 9.15952, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.759302, "energy": 19.09079, "activity_lines": [ 17.145885, 16.814368, 16.543895, 16.896355 ] }, { "date": "2024-01-05", "close": 15.980745, "volume": 20476609, "typical_volume": 33722295.55, "trend": 17.632937, "fair_value": 15.164839, "relative_strength": 6.784743, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.387589, "energy": 14.005369, "activity_lines": [ 16.798364, 16.7139, 16.492153, 16.775944 ] }, { "date": "2024-01-12", "close": 15.276575, "volume": 24295329, "typical_volume": 33434072.0, "trend": 17.41158, "fair_value": 15.156538, "relative_strength": 3.078049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.704235, "energy": 26.706077, "activity_lines": [ 16.21938, 16.480599, 16.378703, 16.623921 ] }, { "date": "2024-01-19", "close": 13.750875, "volume": 20367900, "typical_volume": 31532802.45, "trend": 17.12763, "fair_value": 15.147228, "relative_strength": -5.168244, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.05132, "energy": 62.713635, "activity_lines": [ 15.268751, 15.978967, 16.128379, 16.387746 ] }, { "date": "2024-01-26", "close": 15.941624, "volume": 71096642, "typical_volume": 33427338.25, "trend": 16.90888, "fair_value": 15.148543, "relative_strength": 9.625085, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.927621, "energy": 45.013076, "activity_lines": [ 15.300047, 15.91993, 16.09806, 16.31123 ] }, { "date": "2024-02-02", "close": 15.62866, "volume": 131234123, "typical_volume": 38242329.95, "trend": 16.681655, "fair_value": 15.153246, "relative_strength": 16.36432, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.192316, "energy": 47.042918, "activity_lines": [ 15.313088, 15.814127, 16.043291, 16.228635 ] }, { "date": "2024-02-09", "close": 13.838895, "volume": 71025804, "typical_volume": 39605046.85, "trend": 16.480836, "fair_value": 15.147711, "relative_strength": -5.754069, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.325493, "energy": 53.389907, "activity_lines": [ 14.820821, 15.39038, 15.825753, 16.045231 ] }, { "date": "2024-02-23", "close": 15.804702, "volume": 82363933, "typical_volume": 42722683.5, "trend": 16.370321, "fair_value": 15.157207, "relative_strength": 4.642596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.009306, "energy": 25.822283, "activity_lines": [ 15.126613, 15.363885, 15.808242, 16.001609 ] }, { "date": "2024-03-01", "close": 16.33283, "volume": 97025516, "typical_volume": 46618509.15, "trend": 16.315226, "fair_value": 15.17647, "relative_strength": 3.808518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.193042, "energy": 15.056036, "activity_lines": [ 15.573239, 15.461153, 15.843078, 15.999191 ] }, { "date": "2024-03-08", "close": 15.579761, "volume": 55074099, "typical_volume": 48281495.0, "trend": 16.213513, "fair_value": 15.195517, "relative_strength": -0.39268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.988813, "energy": 15.045331, "activity_lines": [ 15.596712, 15.443193, 15.805727, 15.951741 ] }, { "date": "2024-03-15", "close": 15.071193, "volume": 40915121, "typical_volume": 49331529.05, "trend": 16.122883, "fair_value": 15.214927, "relative_strength": -5.978809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.28283, "energy": 15.436153, "activity_lines": [ 15.474787, 15.362819, 15.722876, 15.878043 ] }, { "date": "2024-03-22", "close": 15.667782, "volume": 48777478, "typical_volume": 50913161.05, "trend": 16.074961, "fair_value": 15.232933, "relative_strength": -1.886321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.203603, "energy": 13.364486, "activity_lines": [ 15.588888, 15.425945, 15.698192, 15.848682 ] }, { "date": "2024-03-29", "close": 15.149433, "volume": 30511831, "typical_volume": 51639913.85, "trend": 16.011716, "fair_value": 15.245928, "relative_strength": -3.623945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.980183, "energy": 16.259323, "activity_lines": [ 15.408282, 15.400517, 15.624376, 15.78897 ] }, { "date": "2024-04-05", "close": 14.84625, "volume": 17519293, "typical_volume": 51495237.8, "trend": 15.968683, "fair_value": 15.252614, "relative_strength": -7.146106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.909631, "energy": 24.894709, "activity_lines": [ 15.170298, 15.322276, 15.524665, 15.713779 ] }, { "date": "2024-04-12", "close": 14.20076, "volume": 23296782, "typical_volume": 51460774.8, "trend": 15.873164, "fair_value": 15.26558, "relative_strength": -8.420502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.457595, "energy": 35.952554, "activity_lines": [ 14.816257, 15.106757, 15.369859, 15.59972 ] }, { "date": "2024-04-19", "close": 16.342611, "volume": 111771738, "typical_volume": 56116063.65, "trend": 15.843171, "fair_value": 15.276671, "relative_strength": 4.264162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.434239, "energy": 17.436283, "activity_lines": [ 15.2681, 15.312318, 15.429984, 15.630006 ] }, { "date": "2024-04-26", "close": 16.577335, "volume": 90765565, "typical_volume": 58784660.85, "trend": 15.844801, "fair_value": 15.288567, "relative_strength": 3.092577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.710982, "energy": 4.769121, "activity_lines": [ 15.713422, 15.547575, 15.511019, 15.677372 ] }, { "date": "2024-05-03", "close": 15.990526, "volume": 28928219, "typical_volume": 56018979.45, "trend": 15.836651, "fair_value": 15.300654, "relative_strength": -2.281682, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.714589, "energy": 7.634638, "activity_lines": [ 15.902505, 15.626349, 15.53356, 15.686773 ] }, { "date": "2024-05-10", "close": 17.02722, "volume": 62435698, "typical_volume": 55524197.05, "trend": 15.863058, "fair_value": 15.316339, "relative_strength": 1.930323, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.872058, "energy": 24.391675, "activity_lines": [ 16.381079, 15.890235, 15.661215, 15.763584 ] }, { "date": "2024-05-17", "close": 15.755803, "volume": 45009226, "typical_volume": 55607044.45, "trend": 15.848387, "fair_value": 15.327086, "relative_strength": -5.859285, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.014685, "energy": 26.824629, "activity_lines": [ 16.29045, 15.910329, 15.670156, 15.756665 ] }, { "date": "2024-05-24", "close": 15.579761, "volume": 56514955, "typical_volume": 56470293.05, "trend": 15.855886, "fair_value": 15.334852, "relative_strength": -4.032848, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.97604, "energy": 16.27656, "activity_lines": [ 16.037471, 15.895214, 15.669365, 15.739334 ] }, { "date": "2024-05-31", "close": 15.374188, "volume": 26842392, "typical_volume": 56788582.2, "trend": 15.844469, "fair_value": 15.350728, "relative_strength": -4.153436, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.576028, "energy": 12.417072, "activity_lines": [ 15.766824, 15.833476, 15.655748, 15.708257 ] }, { "date": "2024-06-07", "close": 14.714733, "volume": 35407994, "typical_volume": 57344215.45, "trend": 15.809115, "fair_value": 15.362213, "relative_strength": -6.765414, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.643964, "energy": 25.617958, "activity_lines": [ 15.356568, 15.657175, 15.582214, 15.63537 ] }, { "date": "2024-06-14", "close": 14.803317, "volume": 16649484, "typical_volume": 57158294.65, "trend": 15.763021, "fair_value": 15.372371, "relative_strength": -5.704287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.395125, "energy": 32.790171, "activity_lines": [ 15.060894, 15.504884, 15.519792, 15.57048 ] }, { "date": "2024-06-21", "close": 14.321028, "volume": 18900214, "typical_volume": 54548473.25, "trend": 15.690419, "fair_value": 15.379232, "relative_strength": -6.412394, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.477335, "energy": 51.209418, "activity_lines": [ 14.752716, 15.265684, 15.406426, 15.477448 ] }, { "date": "2024-06-28", "close": 14.261971, "volume": 25939000, "typical_volume": 49283717.1, "trend": 15.63117, "fair_value": 15.381337, "relative_strength": -4.130956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.37595, "energy": 59.477445, "activity_lines": [ 14.520505, 15.01356, 15.295153, 15.385291 ] }, { "date": "2024-07-05", "close": 13.700942, "volume": 15706000, "typical_volume": 46517726.9, "trend": 15.553547, "fair_value": 15.381209, "relative_strength": -5.785081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.144519, "energy": 63.908906, "activity_lines": [ 14.189136, 14.697261, 15.136956, 15.26076 ] }, { "date": "2024-07-12", "close": 13.73047, "volume": 14914050, "typical_volume": 43145232.75, "trend": 15.433549, "fair_value": 15.373704, "relative_strength": -6.752709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.154295, "energy": 63.396653, "activity_lines": [ 13.97916, 14.438629, 14.982229, 15.143142 ] }, { "date": "2024-07-19", "close": 13.897794, "volume": 13451138, "typical_volume": 38966513.85, "trend": 15.312609, "fair_value": 15.376637, "relative_strength": -5.850793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.249401, "energy": 62.249752, "activity_lines": [ 13.890576, 14.25151, 14.853315, 15.044061 ] }, { "date": "2024-07-26", "close": 13.848581, "volume": 15830850, "typical_volume": 37004351.4, "trend": 15.199808, "fair_value": 15.359406, "relative_strength": -2.714821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.086931, "energy": 59.842139, "activity_lines": [ 13.845956, 14.112343, 14.731309, 14.949607 ] }, { "date": "2024-08-02", "close": 14.124176, "volume": 23071912, "typical_volume": 36112190.95, "trend": 15.104018, "fair_value": 15.356162, "relative_strength": -0.258306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.49783, "energy": 45.335652, "activity_lines": [ 13.924698, 14.057961, 14.643794, 14.880212 ] }, { "date": "2024-08-09", "close": 13.632044, "volume": 17733468, "typical_volume": 34559990.45, "trend": 15.025728, "fair_value": 15.34387, "relative_strength": -1.83837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.130965, "energy": 42.392406, "activity_lines": [ 13.848582, 13.940565, 14.513918, 14.785246 ] }, { "date": "2024-08-16", "close": 14.055277, "volume": 15744476, "typical_volume": 33821622.7, "trend": 14.985018, "fair_value": 15.328832, "relative_strength": 1.622072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.838261, "energy": 34.533704, "activity_lines": [ 13.918136, 13.931797, 14.434045, 14.722636 ] }, { "date": "2024-08-23", "close": 13.523775, "volume": 32759017, "typical_volume": 34583608.9, "trend": 14.977448, "fair_value": 15.310884, "relative_strength": -0.295095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.856836, "energy": 37.573268, "activity_lines": [ 13.78887, 13.838381, 14.308763, 14.628362 ] }, { "date": "2024-08-30", "close": 13.445033, "volume": 14391469, "typical_volume": 34138343.25, "trend": 14.894228, "fair_value": 15.303844, "relative_strength": -2.831313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.917693, "energy": 40.612119, "activity_lines": [ 13.658291, 13.753913, 14.182279, 14.529497 ] }, { "date": "2024-09-06", "close": 13.710786, "volume": 56522693, "typical_volume": 31375891.0, "trend": 14.830299, "fair_value": 15.291746, "relative_strength": 1.632464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.448268, "energy": 35.070485, "activity_lines": [ 13.643199, 13.733691, 14.084703, 14.453146 ] }, { "date": "2024-09-13", "close": 15.167494, "volume": 64794029, "typical_volume": 30077314.2, "trend": 14.874586, "fair_value": 15.286444, "relative_strength": 14.148026, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.247375, "energy": 12.873333, "activity_lines": [ 14.141236, 13.988347, 14.138394, 14.4749 ] }, { "date": "2024-09-20", "close": 13.828897, "volume": 35559186, "typical_volume": 30408862.55, "trend": 14.808726, "fair_value": 15.270948, "relative_strength": 2.851277, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.060633, "energy": 16.146762, "activity_lines": [ 14.090711, 13.972957, 14.071313, 14.407436 ] }, { "date": "2024-09-27", "close": 15.364347, "volume": 55738950, "typical_volume": 30074025.15, "trend": 14.776443, "fair_value": 15.264798, "relative_strength": -3.003359, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.749188, "energy": 11.142564, "activity_lines": [ 14.567094, 14.23495, 14.160759, 14.443283 ] }, { "date": "2024-10-04", "close": 17.372244, "volume": 25725539, "typical_volume": 29109840.8, "trend": 14.836192, "fair_value": 15.270465, "relative_strength": -0.960717, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.064921, "energy": 41.23921, "activity_lines": [ 15.590072, 14.83535, 14.449352, 14.610754 ] }, { "date": "2024-10-11", "close": 17.72658, "volume": 132545375, "typical_volume": 32911361.8, "trend": 14.924705, "fair_value": 15.278031, "relative_strength": 5.580427, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.869674, "energy": 60.36189, "activity_lines": [ 16.469347, 15.436109, 14.763993, 14.79723 ] }, { "date": "2024-10-18", "close": 18.632101, "volume": 135127890, "typical_volume": 38325636.7, "trend": 15.023516, "fair_value": 15.300272, "relative_strength": 7.556488, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.003917, "energy": 80.108141, "activity_lines": [ 17.382743, 16.13601, 15.154652, 15.036417 ] }, { "date": "2024-10-25", "close": 18.85848, "volume": 95158024, "typical_volume": 41313138.2, "trend": 15.147151, "fair_value": 15.32601, "relative_strength": 5.967013, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.865969, "energy": 81.761112, "activity_lines": [ 18.140625, 16.78616, 15.551357, 15.283834 ] }, { "date": "2024-11-01", "close": 18.435247, "volume": 74980792, "typical_volume": 44229703.6, "trend": 15.266784, "fair_value": 15.35741, "relative_strength": 5.030711, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.736529, "energy": 75.364503, "activity_lines": [ 18.422124, 17.272028, 15.888022, 15.49597 ] }, { "date": "2024-11-08", "close": 19.734474, "volume": 102361810, "typical_volume": 48402783.4, "trend": 15.451241, "fair_value": 15.395711, "relative_strength": 5.117906, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.244458, "energy": 73.587605, "activity_lines": [ 18.931972, 17.904819, 16.331128, 15.784208 ] }, { "date": "2024-11-15", "close": 18.071072, "volume": 58849225, "typical_volume": 50048294.65, "trend": 15.508857, "fair_value": 15.421922, "relative_strength": -0.113861, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.587891, "energy": 49.681293, "activity_lines": [ 18.729871, 18.120821, 16.590036, 15.953229 ] }, { "date": "2024-11-22", "close": 17.39193, "volume": 35911476, "typical_volume": 51058568.45, "trend": 15.53601, "fair_value": 15.447812, "relative_strength": -1.02511, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.963175, "energy": 40.877336, "activity_lines": [ 18.278422, 18.134064, 16.766125, 16.074718 ] }, { "date": "2024-11-29", "close": 17.637993, "volume": 26085961, "typical_volume": 51617164.0, "trend": 15.590925, "fair_value": 15.479249, "relative_strength": -1.297299, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.599427, "energy": 31.07261, "activity_lines": [ 17.991673, 18.151601, 16.948073, 16.210329 ] }, { "date": "2024-12-06", "close": 18.533674, "volume": 35834114, "typical_volume": 52736312.8, "trend": 15.64114, "fair_value": 15.506937, "relative_strength": 1.909018, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.376341, "energy": 27.155265, "activity_lines": [ 18.08485, 18.262733, 17.196717, 16.400184 ] }, { "date": "2024-12-13", "close": 17.716736, "volume": 31940648, "typical_volume": 53541802.7, "trend": 15.706505, "fair_value": 15.526101, "relative_strength": -1.691539, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.16578, "energy": 22.962836, "activity_lines": [ 17.899152, 18.167707, 17.345481, 16.534094 ] }, { "date": "2024-12-20", "close": 17.844688, "volume": 36735510, "typical_volume": 54224982.6, "trend": 15.782002, "fair_value": 15.546954, "relative_strength": -0.145161, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.333329, "energy": 22.648495, "activity_lines": [ 17.890621, 18.089682, 17.488012, 16.672041 ] }, { "date": "2024-12-27", "close": 18.277765, "volume": 75588130, "typical_volume": 57117715.7, "trend": 15.878788, "fair_value": 15.569404, "relative_strength": 2.330796, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.088057, "energy": 24.793106, "activity_lines": [ 18.041542, 18.08825, 17.654071, 16.833058 ] }, { "date": "2025-01-03", "close": 15.649783, "volume": 32144530, "typical_volume": 57937718.4, "trend": 15.909957, "fair_value": 15.569054, "relative_strength": -5.408087, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.401619, "energy": 11.758609, "activity_lines": [ 17.257412, 17.615446, 17.547723, 16.818283 ] }, { "date": "2025-01-10", "close": 15.403717, "volume": 22175550, "typical_volume": 57408545.05, "trend": 15.92997, "fair_value": 15.566506, "relative_strength": -5.737996, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.37535, "energy": 13.456137, "activity_lines": [ 16.523808, 17.156242, 17.410348, 16.785623 ] }, { "date": "2025-01-17", "close": 16.328926, "volume": 20992844, "typical_volume": 57738613.8, "trend": 15.9969, "fair_value": 15.571626, "relative_strength": -3.567981, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.166685, "energy": 19.378863, "activity_lines": [ 16.307271, 16.920377, 17.352136, 16.811362 ] }, { "date": "2025-01-24", "close": 16.53562, "volume": 17058450, "typical_volume": 55765401.65, "trend": 16.072688, "fair_value": 15.579249, "relative_strength": -3.640378, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.565019, "energy": 24.098251, "activity_lines": [ 16.252152, 16.784012, 17.299877, 16.846118 ] }, { "date": "2025-01-31", "close": 16.328926, "volume": 3128800, "typical_volume": 52682140.2, "trend": 16.160288, "fair_value": 15.577112, "relative_strength": -3.32858, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.038108, "energy": 31.086828, "activity_lines": [ 16.215407, 16.637983, 17.21448, 16.862649 ] }, { "date": "2025-02-07", "close": 16.860426, "volume": 12959500, "typical_volume": 51552155.9, "trend": 16.26462, "fair_value": 15.574536, "relative_strength": -3.760478, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.725583, "energy": 14.063981, "activity_lines": [ 16.485751, 16.607919, 17.174172, 16.90782 ] }, { "date": "2025-02-14", "close": 16.870268, "volume": 19315215, "typical_volume": 49730969.15, "trend": 16.363702, "fair_value": 15.578473, "relative_strength": -5.258712, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.547037, "energy": 11.288924, "activity_lines": [ 16.678666, 16.593781, 17.120366, 16.946894 ] }, { "date": "2025-02-21", "close": 16.732471, "volume": 21670411, "typical_volume": 49528212.75, "trend": 16.459832, "fair_value": 15.589716, "relative_strength": -7.865057, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.054492, "energy": 12.377172, "activity_lines": [ 16.727878, 16.584833, 17.046265, 16.970685 ] }, { "date": "2025-02-28", "close": 16.486406, "volume": 25903980, "typical_volume": 44196143.0, "trend": 16.538573, "fair_value": 15.607196, "relative_strength": -5.773315, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.452624, "energy": 8.525399, "activity_lines": [ 16.668166, 16.549041, 16.951775, 16.9724 ] }, { "date": "2025-03-07", "close": 17.283659, "volume": 32735865, "typical_volume": 39076541.75, "trend": 16.660293, "fair_value": 15.629662, "relative_strength": -3.256735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.725274, "energy": 12.795217, "activity_lines": [ 16.877486, 16.682901, 16.939121, 17.02047 ] }, { "date": "2025-03-14", "close": 18.061228, "volume": 40846116, "typical_volume": 36360946.35, "trend": 16.793825, "fair_value": 15.654508, "relative_strength": -0.233654, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.507798, "energy": 23.325596, "activity_lines": [ 17.282347, 16.976211, 17.006941, 17.110853 ] }, { "date": "2025-03-21", "close": 18.002172, "volume": 43474734, "typical_volume": 34785643.45, "trend": 16.943105, "fair_value": 15.676432, "relative_strength": 2.090033, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.830911, "energy": 35.913111, "activity_lines": [ 17.587469, 17.21494, 17.072934, 17.188811 ] }, { "date": "2025-03-28", "close": 16.939165, "volume": 31972706, "typical_volume": 31266188.25, "trend": 17.059576, "fair_value": 15.693651, "relative_strength": -3.195344, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.769619, "energy": 24.058062, "activity_lines": [ 17.462795, 17.21315, 17.03975, 17.188556 ] }, { "date": "2025-04-04", "close": 16.791529, "volume": 12485800, "typical_volume": 28948017.0, "trend": 17.162267, "fair_value": 15.714762, "relative_strength": -1.8762, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.345579, "energy": 16.531795, "activity_lines": [ 17.275129, 17.173422, 17.005816, 17.171263 ] }, { "date": "2025-04-11", "close": 15.866322, "volume": 70029774, "typical_volume": 30653931.9, "trend": 17.185562, "fair_value": 15.733043, "relative_strength": -2.358625, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.186303, "energy": 25.939605, "activity_lines": [ 16.75872, 16.960821, 16.889861, 17.087654 ] }, { "date": "2025-04-18", "close": 15.384032, "volume": 23872902, "typical_volume": 30543278.95, "trend": 17.237399, "fair_value": 15.747613, "relative_strength": -4.606512, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.630672, "energy": 57.781472, "activity_lines": [ 16.176036, 16.668943, 16.735238, 16.971426 ] }, { "date": "2025-04-25", "close": 15.384032, "volume": 18445600, "typical_volume": 29673853.25, "trend": 17.238056, "fair_value": 15.763919, "relative_strength": -5.688611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.095421, "energy": 68.67615, "activity_lines": [ 15.771832, 16.403907, 16.591348, 16.851854 ] }, { "date": "2025-05-02", "close": 15.462773, "volume": 7633530, "typical_volume": 28458497.35, "trend": 17.174406, "fair_value": 15.783149, "relative_strength": -4.922998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.761628, "energy": 70.953457, "activity_lines": [ 15.568417, 16.180211, 16.469955, 16.73732 ] }, { "date": "2025-05-09", "close": 16.614359, "volume": 35501014, "typical_volume": 28396772.55, "trend": 17.137332, "fair_value": 15.806163, "relative_strength": -0.00447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.492914, "energy": 55.798234, "activity_lines": [ 15.847291, 16.18898, 16.468971, 16.701187 ] }, { "date": "2025-05-16", "close": 16.250183, "volume": 50022770, "typical_volume": 27118504.55, "trend": 17.057935, "fair_value": 15.833108, "relative_strength": -2.673207, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.405458, "energy": 30.234955, "activity_lines": [ 16.016584, 16.129208, 16.439162, 16.643952 ] }, { "date": "2025-05-23", "close": 15.925377, "volume": 18415452, "typical_volume": 26432050.65, "trend": 16.960165, "fair_value": 15.864173, "relative_strength": -4.08283, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.10304, "energy": 22.152103, "activity_lines": [ 16.052018, 16.029171, 16.388074, 16.570884 ] }, { "date": "2025-05-30", "close": 16.15657, "volume": 16072786, "typical_volume": 26126912.45, "trend": 16.884209, "fair_value": 15.894363, "relative_strength": -1.763231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.072086, "energy": 16.702529, "activity_lines": [ 16.128427, 16.010003, 16.357692, 16.519039 ] }, { "date": "2025-06-06", "close": 16.285583, "volume": 13073450, "typical_volume": 25730942.75, "trend": 16.769246, "fair_value": 15.926, "relative_strength": -2.380683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.490775, "energy": 16.356138, "activity_lines": [ 16.196337, 16.047849, 16.336012, 16.480418 ] }, { "date": "2025-06-13", "close": 16.335205, "volume": 20043568, "typical_volume": 25880198.65, "trend": 16.711384, "fair_value": 15.956033, "relative_strength": -1.503453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.246547, "energy": 14.883722, "activity_lines": [ 16.225934, 16.106599, 16.319264, 16.452415 ] }, { "date": "2025-06-20", "close": 17.317699, "volume": 52805819, "typical_volume": 28364049.6, "trend": 16.70891, "fair_value": 15.990999, "relative_strength": 5.455674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.852636, "energy": 10.660417, "activity_lines": [ 16.601639, 16.352282, 16.397042, 16.491532 ] }, { "date": "2025-06-27", "close": 17.367321, "volume": 77983296, "typical_volume": 31615239.4, "trend": 16.699887, "fair_value": 16.021197, "relative_strength": 1.878106, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.355273, "energy": 18.977536, "activity_lines": [ 16.922717, 16.580598, 16.474837, 16.53401 ] }, { "date": "2025-07-04", "close": 17.446714, "volume": 104884380, "typical_volume": 35893697.65, "trend": 16.663655, "fair_value": 16.052998, "relative_strength": 0.975737, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.772003, "energy": 26.306136, "activity_lines": [ 17.17413, 16.78729, 16.55778, 16.582193 ] }, { "date": "2025-07-11", "close": 21.287373, "volume": 284765719, "typical_volume": 49048463.05, "trend": 16.782676, "fair_value": 16.108358, "relative_strength": 20.427299, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.397848, "energy": 81.346932, "activity_lines": [ 18.619752, 17.65478, 17.003754, 16.880497 ] }, { "date": "2025-07-18", "close": 19.540716, "volume": 103315855, "typical_volume": 52919056.8, "trend": 16.839211, "fair_value": 16.153145, "relative_strength": 8.052068, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.70571, "energy": 77.35873, "activity_lines": [ 19.149704, 18.098794, 17.26169, 17.058435 ] }, { "date": "2025-07-25", "close": 19.272762, "volume": 82810376, "typical_volume": 55422782.35, "trend": 16.872377, "fair_value": 16.197899, "relative_strength": 4.005132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.481796, "energy": 74.561899, "activity_lines": [ 19.376636, 18.440883, 17.479563, 17.215439 ] }, { "date": "2025-08-01", "close": 18.885721, "volume": 86202193, "typical_volume": 57690586.2, "trend": 16.980242, "fair_value": 16.241856, "relative_strength": 3.475698, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.232091, "energy": 70.125478, "activity_lines": [ 19.344217, 18.657644, 17.651102, 17.345332 ] }, { "date": "2025-08-08", "close": 20.463665, "volume": 85385078, "typical_volume": 59786103.4, "trend": 17.148907, "fair_value": 16.298174, "relative_strength": 10.462807, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.912891, "energy": 53.895825, "activity_lines": [ 19.736553, 19.107481, 17.968996, 17.570069 ] }, { "date": "2025-08-15", "close": 19.669731, "volume": 81452607, "typical_volume": 62260098.45, "trend": 17.260267, "fair_value": 16.344225, "relative_strength": 1.550846, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.572054, "energy": 44.64248, "activity_lines": [ 19.663115, 19.334654, 18.199556, 17.732702 ] }, { "date": "2025-08-22", "close": 19.689579, "volume": 59029471, "typical_volume": 64587282.0, "trend": 17.365399, "fair_value": 16.388906, "relative_strength": -2.747962, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.031192, "energy": 41.490399, "activity_lines": [ 19.704135, 19.503907, 18.419003, 17.889432 ] }, { "date": "2025-08-29", "close": 19.00481, "volume": 50284051, "typical_volume": 63599995.85, "trend": 17.454595, "fair_value": 16.428573, "relative_strength": -9.931258, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.344171, "energy": 36.125959, "activity_lines": [ 19.506974, 19.487667, 18.559434, 17.995201 ] }, { "date": "2025-09-05", "close": 17.843681, "volume": 31083428, "typical_volume": 63960522.15, "trend": 17.48737, "fair_value": 16.459238, "relative_strength": -14.458621, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.637991, "energy": 18.843207, "activity_lines": [ 18.940634, 19.229638, 18.574336, 18.020303 ] }, { "date": "2025-09-12", "close": 17.952847, "volume": 21652545, "typical_volume": 64120869.4, "trend": 17.523456, "fair_value": 16.492911, "relative_strength": -15.656582, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.000321, "energy": 17.340868, "activity_lines": [ 18.480152, 18.982797, 18.587922, 18.050334 ] }, { "date": "2025-09-19", "close": 17.357395, "volume": 27101168, "typical_volume": 65094251.3, "trend": 17.544287, "fair_value": 16.52651, "relative_strength": -19.00575, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.310489, "energy": 16.1875, "activity_lines": [ 17.988574, 18.618489, 18.532566, 18.03962 ] }, { "date": "2025-09-26", "close": 17.188684, "volume": 20843100, "typical_volume": 64361355.6, "trend": 17.567696, "fair_value": 16.5599, "relative_strength": -20.338893, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.327747, "energy": 16.737591, "activity_lines": [ 17.594914, 18.29496, 18.45212, 18.016678 ] }, { "date": "2025-10-03", "close": 17.476486, "volume": 8486100, "typical_volume": 62284522.1, "trend": 17.574124, "fair_value": 16.595198, "relative_strength": -20.571703, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.458943, "energy": 21.944195, "activity_lines": [ 17.463915, 18.066524, 18.396349, 18.010794 ] }, { "date": "2025-10-10", "close": 17.665045, "volume": 10068746, "typical_volume": 61867186.8, "trend": 17.560918, "fair_value": 16.636571, "relative_strength": -18.26175, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.30677, "energy": 30.418666, "activity_lines": [ 17.497657, 17.90503, 18.352697, 18.016659 ] }, { "date": "2025-10-17", "close": 16.950504, "volume": 27682648, "typical_volume": 62447679.9, "trend": 17.525862, "fair_value": 16.674361, "relative_strength": -16.991662, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.384537, "energy": 40.515544, "activity_lines": [ 17.305128, 17.635814, 18.232709, 17.977278 ] }, { "date": "2025-10-24", "close": 17.674969, "volume": 22899726, "typical_volume": 62938993.7, "trend": 17.550389, "fair_value": 16.721037, "relative_strength": -16.910824, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.354265, "energy": 24.711662, "activity_lines": [ 17.42091, 17.562194, 18.177937, 17.986898 ] }, { "date": "2025-10-31", "close": 17.684895, "volume": 25706721, "typical_volume": 63222151.35, "trend": 17.580168, "fair_value": 16.764408, "relative_strength": -16.977267, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.922273, "energy": 14.525073, "activity_lines": [ 17.518829, 17.526648, 18.117494, 17.995575 ] }, { "date": "2025-11-07", "close": 17.972696, "volume": 31752546, "typical_volume": 62169487.7, "trend": 17.65038, "fair_value": 16.808689, "relative_strength": -15.352116, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -0.669161, "energy": 7.649279, "activity_lines": [ 17.679601, 17.579878, 18.078033, 18.0209 ] }, { "date": "2025-11-14", "close": 17.615425, "volume": 18200300, "typical_volume": 59180337.9, "trend": 17.72476, "fair_value": 16.852301, "relative_strength": -15.497085, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -7.33632, "energy": 7.732854, "activity_lines": [ 17.688202, 17.586915, 18.001428, 18.018645 ] }, { "date": "2025-11-21", "close": 19.173521, "volume": 85660406, "typical_volume": 58219139.2, "trend": 17.851076, "fair_value": 16.901846, "relative_strength": -2.887283, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.722711, "energy": 24.580184, "activity_lines": [ 18.219477, 17.881393, 18.072032, 18.112113 ] }, { "date": "2025-11-28", "close": 18.568146, "volume": 122564197, "typical_volume": 50109063.1, "trend": 17.954589, "fair_value": 16.947074, "relative_strength": -8.925919, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 30.631767, "energy": 23.275919, "activity_lines": [ 18.400758, 18.043608, 18.076757, 18.158376 ] }, { "date": "2025-12-05", "close": 17.377245, "volume": 52656700, "typical_volume": 47576105.35, "trend": 17.980018, "fair_value": 16.939939, "relative_strength": -15.417724, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.255066, "energy": 9.805092, "activity_lines": [ 18.125528, 17.967282, 17.981013, 18.121128 ] }, { "date": "2025-12-12", "close": 16.900885, "volume": 35487901, "typical_volume": 45209981.6, "trend": 18.001708, "fair_value": 16.931809, "relative_strength": -18.040623, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.099134, "energy": 12.87481, "activity_lines": [ 17.712021, 17.800917, 17.850203, 18.051506 ] }, { "date": "2025-12-19", "close": 16.761944, "volume": 23447430, "typical_volume": 42072243.45, "trend": 18.029594, "fair_value": 16.923849, "relative_strength": -17.575583, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.079531, "energy": 45.565528, "activity_lines": [ 17.323654, 17.619755, 17.717455, 17.971521 ] }, { "date": "2025-12-26", "close": 16.900885, "volume": 19116561, "typical_volume": 38758817.6, "trend": 18.054404, "fair_value": 16.915532, "relative_strength": -19.251174, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.111369, "energy": 56.457151, "activity_lines": [ 17.038499, 17.480276, 17.608053, 17.898702 ] }, { "date": "2026-01-02", "close": 17.01005, "volume": 12814900, "typical_volume": 35326932.25, "trend": 18.078553, "fair_value": 16.914653, "relative_strength": -17.923732, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.921904, "energy": 59.219907, "activity_lines": [ 16.941242, 17.361547, 17.526013, 17.831324 ] }, { "date": "2026-01-09", "close": 18.022316, "volume": 45154268, "typical_volume": 34633172.1, "trend": 18.13479, "fair_value": 16.932551, "relative_strength": -16.393875, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.831163, "energy": 35.262583, "activity_lines": [ 17.285281, 17.438955, 17.553044, 17.827696 ] }, { "date": "2026-01-16", "close": 17.734516, "volume": 44987778, "typical_volume": 34368358.45, "trend": 18.148684, "fair_value": 16.947669, "relative_strength": -18.280188, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.979056, "energy": 16.753936, "activity_lines": [ 17.490381, 17.457901, 17.560606, 17.801871 ] }, { "date": "2026-01-23", "close": 18.131483, "volume": 34073372, "typical_volume": 34517855.65, "trend": 18.174156, "fair_value": 16.960466, "relative_strength": -17.000004, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.24761, "energy": 13.211866, "activity_lines": [ 17.772227, 17.553354, 17.612022, 17.800762 ] }, { "date": "2026-01-30", "close": 17.24823, "volume": 27924000, "typical_volume": 34831428.4, "trend": 18.16754, "fair_value": 16.972093, "relative_strength": -19.340342, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.638291, "energy": 17.930606, "activity_lines": [ 17.668354, 17.478832, 17.577949, 17.741025 ] }, { "date": "2026-02-06", "close": 17.615425, "volume": 30544295, "typical_volume": 35003584.75, "trend": 18.045142, "fair_value": 16.966485, "relative_strength": -15.497524, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.485622, "energy": 12.67032, "activity_lines": [ 17.663723, 17.506079, 17.582203, 17.705404 ] }, { "date": "2026-02-13", "close": 18.250572, "volume": 37971398, "typical_volume": 35859999.65, "trend": 18.002137, "fair_value": 16.95216, "relative_strength": -13.346108, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.445351, "energy": 6.349676, "activity_lines": [ 17.830449, 17.666129, 17.645717, 17.718658 ] }, { "date": "2026-02-27", "close": 18.74678, "volume": 33395383, "typical_volume": 37105463.8, "trend": 17.984604, "fair_value": 16.940953, "relative_strength": -13.159023, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.855955, "energy": 23.562672, "activity_lines": [ 18.14736, 17.900519, 17.751433, 17.766699 ] }, { "date": "2026-03-06", "close": 18.042164, "volume": 31996742, "typical_volume": 38201863.6, "trend": 17.956486, "fair_value": 16.935585, "relative_strength": -14.210567, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.25404, "energy": 27.53177, "activity_lines": [ 18.161916, 17.973236, 17.783994, 17.770413 ] }, { "date": "2026-03-13", "close": 17.049746, "volume": 35635846, "typical_volume": 38599523.5, "trend": 17.842689, "fair_value": 16.926414, "relative_strength": -19.124177, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.518148, "energy": 7.24515, "activity_lines": [ 17.85162, 17.842237, 17.720243, 17.711913 ] }, { "date": "2026-03-20", "close": 15.898541, "volume": 21009411, "typical_volume": 38505007.75, "trend": 17.716982, "fair_value": 16.901628, "relative_strength": -21.822339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.445206, "energy": 47.428536, "activity_lines": [ 17.170821, 17.499221, 17.546381, 17.586485 ] }, { "date": "2026-03-27", "close": 15.561119, "volume": 31665626, "typical_volume": 38802953.0, "trend": 17.579367, "fair_value": 16.888466, "relative_strength": -22.329291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.925657, "energy": 72.37383, "activity_lines": [ 16.492007, 17.115065, 17.348842, 17.447397 ] }, { "date": "2026-04-03", "close": 15.094682, "volume": 14812248, "typical_volume": 37955938.1, "trend": 17.449029, "fair_value": 16.878739, "relative_strength": -21.876968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.769149, "energy": 83.891487, "activity_lines": [ 15.837011, 16.690851, 17.116994, 17.287094 ] }, { "date": "2026-04-10", "close": 15.670285, "volume": 14234337, "typical_volume": 37757639.95, "trend": 17.376583, "fair_value": 16.87501, "relative_strength": -23.787924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.623287, "energy": 79.381841, "activity_lines": [ 15.617356, 16.41929, 16.953671, 17.172337 ] }, { "date": "2026-04-17", "close": 15.600816, "volume": 15141856, "typical_volume": 34231712.45, "trend": 17.298182, "fair_value": 16.879632, "relative_strength": -26.505512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.697029, "energy": 79.381939, "activity_lines": [ 15.53267, 16.179846, 16.792993, 17.057771 ] }, { "date": "2026-04-24", "close": 15.680209, "volume": 25290018, "typical_volume": 29368003.5, "trend": 17.242275, "fair_value": 16.880147, "relative_strength": -25.879855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.184304, "energy": 71.444962, "activity_lines": [ 15.571043, 15.984791, 16.65689, 16.953386 ] }, { "date": "2026-05-01", "close": 15.958086, "volume": 14683379, "typical_volume": 27469337.45, "trend": 17.201256, "fair_value": 16.889118, "relative_strength": -24.896562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.531399, "energy": 45.437148, "activity_lines": [ 15.716598, 15.875445, 16.561004, 16.870535 ] }, { "date": "2026-05-08", "close": 16.364977, "volume": 11095268, "typical_volume": 26249705.8, "trend": 17.164205, "fair_value": 16.901258, "relative_strength": -24.713939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.72564, "energy": 33.493321, "activity_lines": [ 15.971318, 15.88176, 16.510627, 16.816581 ] }, { "date": "2026-05-15", "close": 15.809223, "volume": 17026457, "typical_volume": 25928657.15, "trend": 17.102345, "fair_value": 16.912269, "relative_strength": -26.628174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.781572, "energy": 30.445795, "activity_lines": [ 15.956101, 15.830335, 16.409873, 16.729163 ] }, { "date": "2026-05-22", "close": 15.313014, "volume": 14348233, "typical_volume": 25690240.75, "trend": 17.047762, "fair_value": 16.92066, "relative_strength": -28.484397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.860302, "energy": 36.12796, "activity_lines": [ 15.766218, 15.729288, 16.266397, 16.613722 ] }, { "date": "2026-05-29", "close": 14.3, "volume": 13621141, "typical_volume": 25730552.8, "trend": 16.935263, "fair_value": 16.891429, "relative_strength": -32.50237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.394987, "energy": 58.635335, "activity_lines": [ 15.257851, 15.475635, 16.034006, 16.436448 ] }, { "date": "2026-06-05", "close": 14.94, "volume": 5027050, "typical_volume": 23724191.9, "trend": 16.843766, "fair_value": 16.834797, "relative_strength": -27.634098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.296947, "energy": 71.06699, "activity_lines": [ 15.054831, 15.367409, 15.875471, 16.307721 ] }, { "date": "2026-06-12", "close": 14.16, "volume": 2797816, "typical_volume": 21614693.8, "trend": 16.716676, "fair_value": 16.7862, "relative_strength": -29.142088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.914313, "energy": 84.17986, "activity_lines": [ 14.659683, 15.128658, 15.657329, 16.134575 ] }, { "date": "2026-06-19", "close": 14.03, "volume": 10619050, "typical_volume": 20441977.7, "trend": 16.597162, "fair_value": 16.732505, "relative_strength": -33.762385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.691352, "energy": 88.510493, "activity_lines": [ 14.368201, 14.883265, 15.443828, 15.961241 ] }, { "date": "2026-06-26", "close": 12.87, "volume": 2381900, "typical_volume": 19164872.7, "trend": 16.387045, "fair_value": 16.67451, "relative_strength": -37.448865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.772834, "energy": 95.0633, "activity_lines": [ 13.808667, 14.456787, 15.139381, 15.720779 ] }, { "date": "2026-07-03", "close": 13.4, "volume": 2967500, "typical_volume": 17786032.95, "trend": 16.214773, "fair_value": 16.617655, "relative_strength": -33.300541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.007902, "energy": 89.303637, "activity_lines": [ 13.588667, 14.176323, 14.906258, 15.528066 ] }, { "date": "2026-07-10", "close": 13.33, "volume": 12707546, "typical_volume": 16522840.35, "trend": 16.079865, "fair_value": 16.558847, "relative_strength": -30.415511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.277663, "energy": 86.219924, "activity_lines": [ 13.405333, 13.92459, 14.686543, 15.341952 ] }, { "date": "2026-07-17", "close": 13.1, "volume": 11643000, "typical_volume": 15435221.2, "trend": 15.953169, "fair_value": 16.49894, "relative_strength": -23.740297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.190728, "energy": 77.997519, "activity_lines": [ 13.252667, 13.678823, 14.468354, 15.149702 ] }, { "date": "2026-07-24", "close": 14.23, "volume": 22862411, "typical_volume": 14978504.65, "trend": 15.868771, "fair_value": 16.462828, "relative_strength": -16.60063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.726454, "energy": 54.135864, "activity_lines": [ 13.547333, 13.697873, 14.384674, 15.03853 ] }, { "date": "2026-07-31", "close": 14.37, "volume": 43349186, "typical_volume": 15364171.65, "trend": 15.784408, "fair_value": 16.432378, "relative_strength": -13.671488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.196046, "energy": 37.352487, "activity_lines": [ 13.875333, 13.771091, 14.33248, 14.941835 ] }, { "date": "2026-08-07", "close": 14.99, "volume": 65671717, "typical_volume": 17597286.95, "trend": 15.717073, "fair_value": 16.413175, "relative_strength": -13.644744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.971232, "energy": 20.12904, "activity_lines": [ 14.31, 13.974182, 14.352095, 14.890583 ] } ], "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." } } }