{ "ticker": { "uuid": "bc142267-d21b-4dca-99ce-4d36e0ba3644", "symbol": "301371", "name": "Harbin Fuerjia Technology 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 71.763, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -19.285, "architecture_energy": 38.636, "architecture_maturity": 5.203, "architecture_confidence": 61.67, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 40.65, "rotation_up": 15.18, "upward_expansion": 21.47, "deceleration": 53.07, "rotation_down": 58.87, "downward_expansion": 46.47 }, "activity_lines": [ 24.693333, 25.315091, 26.481312, 26.096061 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 25.139999, "trend_reference": 25.523731, "distance_from_trend": -0.015034, "trend_direction": "Improving", "fair_value": 25.535359, "distance_from_fair_value": -0.015483, "fair_value_direction": "Weakening", "relative_strength": -3.455794, "relative_strength_direction": "Weakening", "price_momentum": 0.055009, "excess_performance": 0.047609, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.015034, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.018069, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.015483, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.235545, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.034558, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.046754, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.055009, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.87954, "read": "Supply-led" } ], "volume": { "latest": 13602390, "relative_activity": 1.018769, "balance": 0.87954, "dry_up": 1.070781, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.097756, "annualized_volatility": 0.402109, "from_high_reference": -0.226221, "from_low_reference": 0.201374 }, "levels": { "trend_reference": 25.523731, "fair_value_reference": 25.535359, "structural_low": 20.926035, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": -0.006415, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.010057, "regime_survival": 0.0, "best_return": -0.006415, "worst_return": -0.006415, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.022855, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.080115, "regime_survival": 0.0, "best_return": -0.022855, "worst_return": -0.022855, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.028468, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.143029, "regime_survival": 0.0, "best_return": -0.028468, "worst_return": -0.028468, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-04-18", "tenure": "Developing", "return": -0.076381, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": 0.111561, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-10-03", "tenure": "Established", "return": -0.083272, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": -0.001203, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-12-26", "tenure": "Developing", "return": -0.039952, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-02-06", "tenure": "Developing", "return": 0.084002, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-13", "tenure": "New", "return": -0.038183, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.044396, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.13729, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-06-19", "tenure": "Developing", "return": -0.117092, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-07-24", "tenure": "Developing", "return": -0.121316, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.018735, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 40.373001, "volume": 89450521, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 39.913425, "volume": 65099130, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 40.540115, "volume": 55414205, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 35.206261, "volume": 34954054, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 36.877441, "volume": 32268281, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 35.637978, "volume": 18633385, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 33.820568, "volume": 15964215, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 33.904129, "volume": 12162039, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 33.47937, "volume": 8917771, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 31.125792, "volume": 11234582, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 29.071623, "volume": 10766267, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 29.022881, "volume": 11651486, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 31.000448, "volume": 35244228, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 30.269306, "volume": 19587116, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 30.283234, "volume": 11659852, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 29.593868, "volume": 13605688, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 28.820948, "volume": 6991997, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 27.01746, "volume": 7239170, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 27.066204, "volume": 6851456, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 26.376841, "volume": 7901123, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 26.606627, "volume": 8614347, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 27.052279, "volume": 12698063, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 27.379549, "volume": 29411047, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 24.747437, "volume": 9691264, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 23.64028, "volume": 9553577, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 19.566769, "volume": 12235678, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 20.562515, "volume": 16205885, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 21.906427, "volume": 14519393, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 22.080507, "volume": 15056765, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 21.335438, "volume": 9971344, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 22.519194, "volume": 17898463, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 22.240664, "volume": 15513663, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 21.593079, "volume": 7700864, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 23.076254, "volume": 11601652, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 21.836792, "volume": 11233206, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 22.804686, "volume": 16474171, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 23.048401, "volume": 18875761, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 24.085928, "volume": 8984576, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 25.47858, "volume": 35123872, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 25.353243, "volume": 28232180, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 23.744726, "volume": 24175935, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 23.695986, "volume": 7840788, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 23.530981, "volume": 9263510, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 24.843838, "volume": 14324682, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 23.939903, "volume": 8506873, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 22.282692, "volume": 6712567, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 21.500717, "volume": 4643841, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 21.127666, "volume": 4159621, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 20.847874, "volume": 3331887, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 20.030029, "volume": 3767014, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 20.144817, "volume": 4407464, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 20.367212, "volume": 6251008, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 20.467649, "volume": 3736410, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 18.738695, "volume": 3417119, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 20.338516, "volume": 6379249, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 20.417431, "volume": 4523954, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 19.585238, "volume": 3084249, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 20.74744, "volume": 3398093, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 23.832293, "volume": 19547415, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 26.651707, "volume": 9405978, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 24.004471, "volume": 21333188, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 24.836666, "volume": 14745920, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 26.041908, "volume": 21223039, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 25.152323, "volume": 16068132, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 26.809536, "volume": 19083819, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 25.539724, "volume": 17762422, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 25.224062, "volume": 13722995, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 26.651707, "volume": 19412997, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 26.171043, "volume": 16807045, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 27.060631, "volume": 32533877, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 27.742167, "volume": 25368463, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 27.986088, "volume": 33247408, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 25.539724, "volume": 17687490, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 25.317327, "volume": 12895498, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 27.129673, "volume": 15036879, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 25.951702, "volume": 9472710, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 25.595404, "volume": 977080, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 25.58086, "volume": 4715182, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 25.173662, "volume": 8422376, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 25.799002, "volume": 12680638, "typical_volume": 16659857.9, "trend": 24.353289, "fair_value": 25.905733, "relative_strength": -4.652626, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 15.258949, "energy": 11.628808, "activity_lines": [ 25.57165, 25.842347, 26.071961, 25.534853 ] }, { "date": "2025-02-28", "close": 26.518873, "volume": 15633506, "typical_volume": 16374873.8, "trend": 24.565758, "fair_value": 25.913303, "relative_strength": 1.39305, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 22.647669, "energy": 10.558052, "activity_lines": [ 25.871232, 25.903676, 26.124674, 25.674568 ] }, { "date": "2025-03-07", "close": 27.1733, "volume": 21149316, "typical_volume": 16695043.6, "trend": 24.792627, "fair_value": 25.928668, "relative_strength": 1.486618, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 41.869776, "energy": 20.838411, "activity_lines": [ 26.351145, 26.106234, 26.22774, 25.842797 ] }, { "date": "2025-03-14", "close": 27.107859, "volume": 9119780, "typical_volume": 16089880.65, "trend": 25.013968, "fair_value": 25.942875, "relative_strength": -0.097284, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 43.173504, "energy": 30.383494, "activity_lines": [ 26.704052, 26.311672, 26.313447, 25.992166 ] }, { "date": "2025-03-21", "close": 25.900803, "volume": 7190185, "typical_volume": 15645983.3, "trend": 25.252705, "fair_value": 25.942375, "relative_strength": -2.023947, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 33.146475, "energy": 23.836106, "activity_lines": [ 26.552807, 26.269133, 26.279121, 26.049382 ] }, { "date": "2025-03-28", "close": 25.188202, "volume": 5855015, "typical_volume": 14984543.1, "trend": 25.414361, "fair_value": 25.933502, "relative_strength": -4.056898, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 17.461665, "energy": 11.025112, "activity_lines": [ 26.115551, 26.086422, 26.173363, 26.04522 ] }, { "date": "2025-04-04", "close": 25.384533, "volume": 4760219, "typical_volume": 14334432.95, "trend": 25.579931, "fair_value": 25.927119, "relative_strength": -1.07942, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 7.089584, "energy": 7.854308, "activity_lines": [ 25.78446, 25.974707, 26.094024, 26.043296 ] }, { "date": "2025-04-11", "close": 23.624847, "volume": 13413570, "typical_volume": 14318961.7, "trend": 25.714585, "fair_value": 25.900656, "relative_strength": -2.990233, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -42.042913, "energy": 41.519493, "activity_lines": [ 24.942429, 25.553361, 25.847835, 25.917161 ] }, { "date": "2025-04-18", "close": 23.828447, "volume": 15643056, "typical_volume": 14130464.65, "trend": 25.817285, "fair_value": 25.877108, "relative_strength": -1.609705, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -66.527245, "energy": 64.332365, "activity_lines": [ 24.404829, 25.204861, 25.628652, 25.795475 ] }, { "date": "2025-04-25", "close": 23.094034, "volume": 8925947, "typical_volume": 13736409.75, "trend": 25.792676, "fair_value": 25.845837, "relative_strength": -5.866208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.355728, "energy": 73.941977, "activity_lines": [ 23.841051, 24.754694, 25.352969, 25.619781 ] }, { "date": "2025-05-02", "close": 22.941334, "volume": 3141402, "typical_volume": 12266786.0, "trend": 25.668997, "fair_value": 25.813565, "relative_strength": -6.183599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.162721, "energy": 76.160337, "activity_lines": [ 23.413492, 24.314575, 25.077395, 25.435824 ] }, { "date": "2025-05-09", "close": 23.966604, "volume": 8800631, "typical_volume": 11438394.4, "trend": 25.667735, "fair_value": 25.793269, "relative_strength": -3.99986, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.769112, "energy": 64.821194, "activity_lines": [ 23.47748, 24.112826, 24.919082, 25.325992 ] }, { "date": "2025-05-16", "close": 23.603033, "volume": 16867387, "typical_volume": 10619393.35, "trend": 25.626614, "fair_value": 25.769462, "relative_strength": -5.73115, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.041791, "energy": 50.417879, "activity_lines": [ 23.514807, 23.891378, 24.744122, 25.192785 ] }, { "date": "2025-05-23", "close": 24.730103, "volume": 42476704, "typical_volume": 11858854.05, "trend": 25.582887, "fair_value": 25.758286, "relative_strength": -0.708573, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.637312, "energy": 30.892133, "activity_lines": [ 23.929277, 23.939766, 24.697374, 25.134946 ] }, { "date": "2025-05-30", "close": 24.969007, "volume": 25888697, "typical_volume": 12508514.0, "trend": 25.576776, "fair_value": 25.749889, "relative_strength": 1.20156, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.515414, "energy": 17.137939, "activity_lines": [ 24.363273, 24.074823, 24.677233, 25.095341 ] }, { "date": "2025-06-06", "close": 25.670439, "volume": 25187784, "typical_volume": 13016059.25, "trend": 25.538806, "fair_value": 25.749053, "relative_strength": 2.600145, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.517803, "energy": 15.146987, "activity_lines": [ 24.90608, 24.354355, 24.725555, 25.101384 ] }, { "date": "2025-06-13", "close": 26.32316, "volume": 29513666, "typical_volume": 14018107.05, "trend": 25.564921, "fair_value": 25.755033, "relative_strength": 5.919262, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.230059, "energy": 16.189415, "activity_lines": [ 25.484521, 24.743795, 24.842989, 25.151987 ] }, { "date": "2025-06-20", "close": 23.916861, "volume": 19740345, "typical_volume": 14956270.3, "trend": 25.521348, "fair_value": 25.736083, "relative_strength": -2.44565, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.792382, "energy": 18.699751, "activity_lines": [ 25.103759, 24.67866, 24.729483, 25.045661 ] }, { "date": "2025-06-27", "close": 24.501387, "volume": 9594504, "typical_volume": 15200236.4, "trend": 25.44967, "fair_value": 25.723484, "relative_strength": -3.539008, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.413774, "energy": 11.214808, "activity_lines": [ 24.896916, 24.714494, 24.679639, 24.979857 ] }, { "date": "2025-07-04", "close": 24.413708, "volume": 9213587, "typical_volume": 15239796.95, "trend": 25.391092, "fair_value": 25.710254, "relative_strength": -4.963538, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.500425, "energy": 12.686552, "activity_lines": [ 24.676095, 24.722151, 24.626585, 24.91302 ] }, { "date": "2025-07-11", "close": 25.095655, "volume": 9051658, "typical_volume": 15058347.95, "trend": 25.325593, "fair_value": 25.704108, "relative_strength": -3.989743, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.53255, "energy": 14.841275, "activity_lines": [ 24.71961, 24.829804, 24.642097, 24.89396 ] }, { "date": "2025-07-18", "close": 24.978748, "volume": 6886873, "typical_volume": 14621016.3, "trend": 25.233479, "fair_value": 25.696926, "relative_strength": -6.30457, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.837442, "energy": 11.823385, "activity_lines": [ 24.762475, 24.877031, 24.649825, 24.871583 ] }, { "date": "2025-07-25", "close": 25.709406, "volume": 12583643, "typical_volume": 14192732.65, "trend": 25.15759, "fair_value": 25.697049, "relative_strength": -5.739093, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.373694, "energy": 10.708461, "activity_lines": [ 25.138519, 25.038703, 24.734473, 24.902288 ] }, { "date": "2025-08-01", "close": 25.76786, "volume": 11120667, "typical_volume": 14292777.0, "trend": 25.165194, "fair_value": 25.697736, "relative_strength": -3.996804, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.462022, "energy": 22.190321, "activity_lines": [ 25.414546, 25.172706, 24.831658, 24.94166 ] }, { "date": "2025-08-08", "close": 25.913992, "volume": 13570989, "typical_volume": 14611817.2, "trend": 25.185083, "fair_value": 25.699816, "relative_strength": -4.570369, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.829589, "energy": 28.355052, "activity_lines": [ 25.654851, 25.314409, 24.949142, 24.98997 ] }, { "date": "2025-08-15", "close": 25.787344, "volume": 11806579, "typical_volume": 14909395.4, "trend": 25.140339, "fair_value": 25.700649, "relative_strength": -8.998355, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.105637, "energy": 33.177668, "activity_lines": [ 25.752922, 25.415904, 25.054502, 25.028825 ] }, { "date": "2025-08-22", "close": 26.469292, "volume": 17482009, "typical_volume": 15545484.9, "trend": 25.157592, "fair_value": 25.707901, "relative_strength": -10.590802, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.66763, "energy": 42.923992, "activity_lines": [ 26.032196, 25.639264, 25.221956, 25.114564 ] }, { "date": "2025-08-29", "close": 26.030895, "volume": 25852656, "typical_volume": 16167439.2, "trend": 25.172108, "fair_value": 25.710919, "relative_strength": -15.485088, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.512164, "energy": 34.742642, "activity_lines": [ 26.065968, 25.780259, 25.342492, 25.170906 ] }, { "date": "2025-09-05", "close": 25.339207, "volume": 13253732, "typical_volume": 16047973.0, "trend": 25.164053, "fair_value": 25.707477, "relative_strength": -16.711676, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.540535, "energy": 30.558741, "activity_lines": [ 25.847745, 25.757055, 25.385696, 25.181687 ] }, { "date": "2025-09-12", "close": 25.485338, "volume": 11536091, "typical_volume": 16178480.2, "trend": 25.174442, "fair_value": 25.705439, "relative_strength": -18.079634, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.32012, "energy": 21.47824, "activity_lines": [ 25.706809, 25.745187, 25.435624, 25.202415 ] }, { "date": "2025-09-19", "close": 24.598808, "volume": 8269563, "typical_volume": 16434888.25, "trend": 25.134436, "fair_value": 25.695379, "relative_strength": -21.385242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 17.964059, "energy": 12.804323, "activity_lines": [ 25.29894, 25.552648, 25.389732, 25.165277 ] }, { "date": "2025-09-26", "close": 24.004539, "volume": 7149759, "typical_volume": 16352344.65, "trend": 25.050625, "fair_value": 25.680146, "relative_strength": -23.665183, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.229726, "energy": 23.019852, "activity_lines": [ 24.772217, 25.261093, 25.279351, 25.09238 ] }, { "date": "2025-10-03", "close": 24.131187, "volume": 2509522, "typical_volume": 15634451.4, "trend": 24.949221, "fair_value": 25.666316, "relative_strength": -24.608734, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.326266, "energy": 32.836203, "activity_lines": [ 24.452027, 25.010278, 25.180851, 25.033062 ] }, { "date": "2025-10-10", "close": 24.296803, "volume": 3040766, "typical_volume": 13662654.5, "trend": 24.855519, "fair_value": 25.654197, "relative_strength": -22.763163, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.993072, "energy": 39.114722, "activity_lines": [ 24.313689, 24.818271, 25.095608, 24.99097 ] }, { "date": "2025-10-17", "close": 23.673307, "volume": 7167465, "typical_volume": 12726592.9, "trend": 24.781269, "fair_value": 25.636821, "relative_strength": -20.446778, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.780849, "energy": 47.673625, "activity_lines": [ 24.037013, 24.539646, 24.953049, 24.914699 ] }, { "date": "2025-10-24", "close": 24.14093, "volume": 4802230, "typical_volume": 11707315.2, "trend": 24.74636, "fair_value": 25.623813, "relative_strength": -22.133704, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.496434, "energy": 41.033799, "activity_lines": [ 24.037013, 24.386784, 24.861195, 24.873386 ] }, { "date": "2025-10-31", "close": 24.267576, "volume": 6069248, "typical_volume": 10535094.3, "trend": 24.709128, "fair_value": 25.612121, "relative_strength": -21.865024, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.486946, "energy": 26.31827, "activity_lines": [ 24.109754, 24.286883, 24.788686, 24.842497 ] }, { "date": "2025-11-07", "close": 24.14093, "volume": 5352435, "typical_volume": 9815698.8, "trend": 24.726331, "fair_value": 25.599547, "relative_strength": -22.034606, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.562905, "energy": 23.124083, "activity_lines": [ 24.122744, 24.203987, 24.713904, 24.805839 ] }, { "date": "2025-11-14", "close": 24.491644, "volume": 7959773, "typical_volume": 9733962.25, "trend": 24.748438, "fair_value": 25.590158, "relative_strength": -19.425878, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.715141, "energy": 12.207146, "activity_lines": [ 24.251989, 24.21922, 24.671456, 24.790698 ] }, { "date": "2025-11-21", "close": 26.362127, "volume": 49370606, "typical_volume": 11741813.2, "trend": 24.857374, "fair_value": 25.596645, "relative_strength": -8.342183, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 23.376186, "energy": 17.535095, "activity_lines": [ 24.991739, 24.589951, 24.807196, 24.894807 ] }, { "date": "2025-11-28", "close": 26.995363, "volume": 41131078, "typical_volume": 13345784.2, "trend": 24.992508, "fair_value": 25.608301, "relative_strength": -9.034861, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.510498, "energy": 42.432507, "activity_lines": [ 25.763313, 25.059874, 24.993966, 25.032742 ] }, { "date": "2025-12-05", "close": 25.426888, "volume": 25279432, "typical_volume": 14265412.15, "trend": 25.041185, "fair_value": 25.606802, "relative_strength": -15.035039, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 25.361248, "energy": 30.280065, "activity_lines": [ 25.821766, 25.201047, 25.022311, 25.060766 ] }, { "date": "2025-12-12", "close": 23.82918, "volume": 20854380, "typical_volume": 14678949.0, "trend": 25.048723, "fair_value": 25.592231, "relative_strength": -20.549271, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -6.884881, "energy": 15.687418, "activity_lines": [ 25.270363, 25.025866, 24.896359, 24.982572 ] }, { "date": "2025-12-19", "close": 23.760986, "volume": 12467809, "typical_volume": 14746306.1, "trend": 25.016419, "fair_value": 25.577343, "relative_strength": -19.518883, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.789352, "energy": 16.386055, "activity_lines": [ 24.717011, 24.843777, 24.772866, 24.899493 ] }, { "date": "2025-12-26", "close": 23.176462, "volume": 9778128, "typical_volume": 14556663.05, "trend": 24.956667, "fair_value": 25.557981, "relative_strength": -23.571471, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -62.606301, "energy": 40.67751, "activity_lines": [ 24.017529, 24.565153, 24.603261, 24.780786 ] }, { "date": "2026-01-02", "close": 23.079041, "volume": 4822183, "typical_volume": 14207443.25, "trend": 24.870287, "fair_value": 25.538149, "relative_strength": -22.867246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.637396, "energy": 57.09448, "activity_lines": [ 23.497951, 24.27785, 24.437413, 24.659649 ] }, { "date": "2026-01-09", "close": 23.741503, "volume": 9767981, "typical_volume": 13821741.85, "trend": 24.784232, "fair_value": 25.52389, "relative_strength": -23.396145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.964855, "energy": 60.030058, "activity_lines": [ 23.460281, 24.130301, 24.347554, 24.586824 ] }, { "date": "2026-01-16", "close": 23.95583, "volume": 14704796, "typical_volume": 13264348.85, "trend": 24.785531, "fair_value": 25.511543, "relative_strength": -22.905261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.053362, "energy": 55.562447, "activity_lines": [ 23.606413, 24.031286, 24.291097, 24.533378 ] }, { "date": "2026-01-23", "close": 24.442934, "volume": 12347024, "typical_volume": 13219013.45, "trend": 24.783583, "fair_value": 25.503195, "relative_strength": -21.627596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.554931, "energy": 27.422508, "activity_lines": [ 23.90647, 24.024201, 24.290911, 24.511275 ] }, { "date": "2026-01-30", "close": 23.82918, "volume": 9278490, "typical_volume": 13106133.4, "trend": 24.764098, "fair_value": 25.490218, "relative_strength": -21.751029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.188233, "energy": 18.484189, "activity_lines": [ 23.956478, 23.90641, 24.236541, 24.449701 ] }, { "date": "2026-02-06", "close": 25.017717, "volume": 22420448, "typical_volume": 13813677.65, "trend": 24.761501, "fair_value": 25.486583, "relative_strength": -15.611728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.491966, "energy": 12.714555, "activity_lines": [ 24.359151, 24.05077, 24.303251, 24.466064 ] }, { "date": "2026-02-13", "close": 24.23835, "volume": 14341445, "typical_volume": 14173261.95, "trend": 24.736821, "fair_value": 25.477055, "relative_strength": -18.906773, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.846838, "energy": 14.715905, "activity_lines": [ 24.37279, 24.089384, 24.293741, 24.432312 ] }, { "date": "2026-02-27", "close": 24.082476, "volume": 8396581, "typical_volume": 14467614.9, "trend": 24.68259, "fair_value": 25.46649, "relative_strength": -21.132677, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.65074, "energy": 14.03517, "activity_lines": [ 24.301348, 24.121267, 24.268272, 24.390096 ] }, { "date": "2026-03-06", "close": 23.264139, "volume": 8579097, "typical_volume": 14744531.45, "trend": 24.599132, "fair_value": 25.449931, "relative_strength": -21.46432, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.526504, "energy": 22.237402, "activity_lines": [ 23.948684, 23.999757, 24.165098, 24.298583 ] }, { "date": "2026-03-13", "close": 23.312851, "volume": 6120181, "typical_volume": 14692167.25, "trend": 24.512428, "fair_value": 25.433982, "relative_strength": -21.263128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.115766, "energy": 40.195964, "activity_lines": [ 23.690844, 23.896136, 24.071482, 24.215597 ] }, { "date": "2026-03-20", "close": 22.601677, "volume": 6529225, "typical_volume": 14778517.0, "trend": 24.406239, "fair_value": 25.413002, "relative_strength": -20.765962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.73044, "energy": 64.521483, "activity_lines": [ 23.230367, 23.660732, 23.91185, 24.092323 ] }, { "date": "2026-03-27", "close": 21.948957, "volume": 7214781, "typical_volume": 14835793.65, "trend": 24.255561, "fair_value": 25.387532, "relative_strength": -21.857282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.615506, "energy": 75.129717, "activity_lines": [ 22.713387, 23.31533, 23.697385, 23.933789 ] }, { "date": "2026-04-03", "close": 21.705404, "volume": 4705077, "typical_volume": 14803425.75, "trend": 24.111378, "fair_value": 25.360655, "relative_strength": -19.800296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.2356, "energy": 79.020893, "activity_lines": [ 22.267848, 22.958238, 23.470765, 23.769262 ] }, { "date": "2026-04-10", "close": 22.260704, "volume": 3878566, "typical_volume": 14599365.4, "trend": 24.008761, "fair_value": 25.338191, "relative_strength": -22.59087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.828202, "energy": 73.023957, "activity_lines": [ 22.165881, 22.743026, 23.308629, 23.649864 ] }, { "date": "2026-04-17", "close": 23.605112, "volume": 11551957, "typical_volume": 12708432.95, "trend": 23.946087, "fair_value": 25.325723, "relative_strength": -20.470503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.687682, "energy": 42.971519, "activity_lines": [ 22.578945, 22.811929, 23.285155, 23.623822 ] }, { "date": "2026-04-24", "close": 27.248659, "volume": 38261121, "typical_volume": 12564935.1, "trend": 24.034415, "fair_value": 25.339458, "relative_strength": -7.988754, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.593137, "energy": 18.949927, "activity_lines": [ 24.187041, 23.547369, 23.621814, 23.836891 ] }, { "date": "2026-05-01", "close": 28.291065, "volume": 30148153, "typical_volume": 12808371.15, "trend": 24.177299, "fair_value": 25.360392, "relative_strength": -5.106546, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.533271, "energy": 46.70887, "activity_lines": [ 25.832807, 24.431775, 24.056544, 24.111514 ] }, { "date": "2026-05-08", "close": 30.989626, "volume": 19615531, "typical_volume": 12746428.7, "trend": 24.405914, "fair_value": 25.400034, "relative_strength": 1.219567, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.567257, "energy": 89.468371, "activity_lines": [ 27.955286, 25.733143, 24.73464, 24.551019 ] }, { "date": "2026-05-15", "close": 31.135757, "volume": 29413773, "typical_volume": 13593726.9, "trend": 24.633879, "fair_value": 25.440144, "relative_strength": 2.077788, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.148147, "energy": 94.341887, "activity_lines": [ 29.507528, 26.935495, 25.392557, 24.985202 ] }, { "date": "2026-05-22", "close": 30.220001, "volume": 15296443, "typical_volume": 13869642.65, "trend": 24.852102, "fair_value": 25.473338, "relative_strength": -0.781702, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.83079, "energy": 88.521504, "activity_lines": [ 30.162847, 27.828226, 25.928141, 25.345597 ] }, { "date": "2026-05-29", "close": 30.700001, "volume": 14637806, "typical_volume": 14360423.8, "trend": 25.070738, "fair_value": 25.509384, "relative_strength": 1.40667, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.02178, "energy": 88.496632, "activity_lines": [ 30.537173, 28.682645, 26.475898, 25.722881 ] }, { "date": "2026-06-05", "close": 27.77, "volume": 2351240, "typical_volume": 13989586.75, "trend": 25.187485, "fair_value": 25.524867, "relative_strength": -6.085907, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.567626, "energy": 58.452503, "activity_lines": [ 29.704743, 28.857094, 26.708317, 25.897027 ] }, { "date": "2026-06-12", "close": 27.16, "volume": 2237445, "typical_volume": 13366219.2, "trend": 25.288121, "fair_value": 25.535991, "relative_strength": -5.327103, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.882026, "energy": 39.594113, "activity_lines": [ 28.703717, 28.814797, 26.863458, 26.024286 ] }, { "date": "2026-06-19", "close": 27.49, "volume": 9393920, "typical_volume": 13218564.0, "trend": 25.388066, "fair_value": 25.549193, "relative_strength": -9.754747, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.007122, "energy": 27.512705, "activity_lines": [ 28.068, 28.733326, 27.034769, 26.166343 ] }, { "date": "2026-06-26", "close": 26.129999, "volume": 3724388, "typical_volume": 12940858.9, "trend": 25.380329, "fair_value": 25.553091, "relative_strength": -12.216029, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.330167, "energy": 27.338516, "activity_lines": [ 27.222, 28.309504, 27.062047, 26.214209 ] }, { "date": "2026-07-03", "close": 27.190001, "volume": 3453478, "typical_volume": 11992510.4, "trend": 25.386817, "fair_value": 25.564004, "relative_strength": -6.987543, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.638206, "energy": 24.545721, "activity_lines": [ 27.002, 28.032502, 27.179321, 26.330962 ] }, { "date": "2026-07-10", "close": 25.98, "volume": 13964726, "typical_volume": 11973674.45, "trend": 25.405254, "fair_value": 25.566759, "relative_strength": -7.305825, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.989627, "energy": 18.622171, "activity_lines": [ 26.612667, 27.536566, 27.171013, 26.369232 ] }, { "date": "2026-07-17", "close": 23.68, "volume": 17963427, "typical_volume": 12452016.75, "trend": 25.400281, "fair_value": 25.554346, "relative_strength": -6.657489, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.820692, "energy": 20.461483, "activity_lines": [ 25.576, 26.664468, 26.935363, 26.257926 ] }, { "date": "2026-07-24", "close": 22.959999, "volume": 11550233, "typical_volume": 12600573.55, "trend": 25.373582, "fair_value": 25.53739, "relative_strength": -9.355354, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.374545, "energy": 35.665565, "activity_lines": [ 24.531333, 25.794364, 26.633058, 26.100488 ] }, { "date": "2026-07-31", "close": 25.620001, "volume": 14071334, "typical_volume": 12998131.2, "trend": 25.455033, "fair_value": 25.537926, "relative_strength": 3.051821, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.224751, "energy": 29.878854, "activity_lines": [ 24.675333, 25.556546, 26.585535, 26.116386 ] }, { "date": "2026-08-07", "close": 25.139999, "volume": 13602390, "typical_volume": 13351789.45, "trend": 25.523731, "fair_value": 25.535359, "relative_strength": -3.455794, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.285055, "energy": 38.636009, "activity_lines": [ 24.693333, 25.315091, 26.481312, 26.096061 ] } ], "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." } } }