{ "ticker": { "uuid": "beeb4194-9645-4731-bd0c-e2fcaa1d0bcc", "symbol": "605300", "name": "Jiahe Foods Industry Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -41.124, "architecture_energy": 25.179, "architecture_maturity": 100.0, "architecture_confidence": 84.04, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 30.83, "rotation_up": 26.52, "upward_expansion": 15.18, "deceleration": 46.93, "rotation_down": 33.74, "downward_expansion": 65.18 }, "activity_lines": [ 9.399333, 9.244769, 9.593859, 9.966461 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 9.71, "trend_reference": 10.501846, "distance_from_trend": -0.075401, "trend_direction": "Weakening", "fair_value": 13.188439, "distance_from_fair_value": -0.263749, "fair_value_direction": "Weakening", "relative_strength": -14.351803, "relative_strength_direction": "Improving", "price_momentum": -0.186767, "excess_performance": -0.143563, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.075401, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.085528, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.263749, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.049719, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.143518, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.052433, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.186767, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.013301, "read": "Demand-led" } ], "volume": { "latest": 14599765, "relative_activity": 1.020439, "balance": 1.013301, "dry_up": 1.392605, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.086588, "annualized_volatility": 0.329073, "from_high_reference": -0.323816, "from_low_reference": 0.141011 }, "levels": { "trend_reference": 10.501846, "fair_value_reference": 13.188439, "structural_low": 8.51, "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": 24, "median_return": -0.023937, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.029903, "regime_survival": 0.958333, "best_return": 0.159132, "worst_return": -0.127014, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.130833, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.109746, "regime_survival": 0.857143, "best_return": 0.010952, "worst_return": -0.21673, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.154021, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.207869, "regime_survival": 0.666667, "best_return": -0.121314, "worst_return": -0.236828, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.354372, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.438616, "regime_survival": 0.0, "best_return": -0.354372, "worst_return": -0.354372, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-11-18", "end": "2022-12-02", "tenure": "New", "return": 0.015364, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-12-09", "end": "2022-12-23", "tenure": "New", "return": -0.002992, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-12-30", "end": "2023-06-16", "tenure": "Established", "return": 0.169233, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-06-23", "end": "2023-07-07", "tenure": "New", "return": 0.05336, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-07-14", "end": "2023-08-25", "tenure": "Developing", "return": -0.075058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-09-01", "end": "2023-09-15", "tenure": "New", "return": -0.055472, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-09-22", "end": "2023-10-20", "tenure": "New", "return": -0.11466, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-27", "end": "2024-10-04", "tenure": "Extended", "return": -0.288311, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-22", "tenure": "Developing", "return": -0.003314, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-01-10", "tenure": "Developing", "return": -0.278576, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": 0.152191, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": -0.239284, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-09-19", "tenure": "Established", "return": -0.08307, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2026-08-07", "tenure": "Extended", "return": -0.181971, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 21.200335, "volume": 6206189, "typical_volume": 9817664.35, "trend": 18.87198, "fair_value": 17.931186, "relative_strength": 24.154434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.044744, "energy": 52.28006, "activity_lines": [ 21.175003, 20.772767, 20.33885, 19.764882 ] }, { "date": "2023-08-04", "close": 21.999245, "volume": 8264576, "typical_volume": 9821874.9, "trend": 19.033392, "fair_value": 17.966256, "relative_strength": 27.274997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.790365, "energy": 57.863168, "activity_lines": [ 21.467937, 21.052038, 20.550119, 19.966641 ] }, { "date": "2023-08-11", "close": 20.664478, "volume": 5208610, "typical_volume": 9734694.1, "trend": 19.177143, "fair_value": 17.989318, "relative_strength": 22.236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.362519, "energy": 42.209168, "activity_lines": [ 21.261389, 21.053306, 20.617351, 20.071872 ] }, { "date": "2023-08-18", "close": 20.401424, "volume": 7545980, "typical_volume": 9846181.8, "trend": 19.347689, "fair_value": 18.009759, "relative_strength": 21.852325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.575747, "energy": 27.081877, "activity_lines": [ 20.974301, 20.987587, 20.646384, 20.150858 ] }, { "date": "2023-08-25", "close": 19.329718, "volume": 7305341, "typical_volume": 10055566.25, "trend": 19.501261, "fair_value": 18.020851, "relative_strength": 17.111855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.779235, "energy": 11.32789, "activity_lines": [ 20.363103, 20.712131, 20.564781, 20.149699 ] }, { "date": "2023-09-01", "close": 19.495344, "volume": 10556943, "typical_volume": 10392326.3, "trend": 19.596666, "fair_value": 18.033139, "relative_strength": 14.648219, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.960108, "energy": 14.897579, "activity_lines": [ 19.955204, 20.480076, 20.491607, 20.149317 ] }, { "date": "2023-09-08", "close": 19.20306, "volume": 7515720, "typical_volume": 9429867.95, "trend": 19.639978, "fair_value": 18.042808, "relative_strength": 12.697858, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.68749, "energy": 25.188705, "activity_lines": [ 19.563544, 20.198951, 20.382972, 20.123923 ] }, { "date": "2023-09-15", "close": 18.413893, "volume": 8263371, "typical_volume": 9183698.6, "trend": 19.677351, "fair_value": 18.045849, "relative_strength": 7.441594, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.537404, "energy": 40.444007, "activity_lines": [ 19.09524, 19.810302, 20.194283, 20.044821 ] }, { "date": "2023-09-22", "close": 18.608749, "volume": 6606501, "typical_volume": 9077628.9, "trend": 19.705702, "fair_value": 18.050426, "relative_strength": 7.417809, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.947027, "energy": 46.518698, "activity_lines": [ 18.841927, 19.49995, 20.026802, 19.975879 ] }, { "date": "2023-09-29", "close": 18.345694, "volume": 8026462, "typical_volume": 8652980.85, "trend": 19.672265, "fair_value": 18.052807, "relative_strength": 6.076748, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.4454, "energy": 56.434781, "activity_lines": [ 18.620441, 19.183397, 19.842319, 19.888136 ] }, { "date": "2023-10-13", "close": 17.273985, "volume": 7174425, "typical_volume": 8379699.7, "trend": 19.645132, "fair_value": 18.046576, "relative_strength": 0.06113, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.204565, "energy": 64.270464, "activity_lines": [ 18.10732, 18.730268, 19.571537, 19.733409 ] }, { "date": "2023-10-20", "close": 16.475075, "volume": 6429350, "typical_volume": 8265055.65, "trend": 19.579407, "fair_value": 18.034104, "relative_strength": -1.637245, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.8923, "energy": 83.481882, "activity_lines": [ 17.475986, 18.203271, 19.243601, 19.528889 ] }, { "date": "2023-10-27", "close": 17.936497, "volume": 7828892, "typical_volume": 8258187.1, "trend": 19.5805, "fair_value": 18.033336, "relative_strength": 5.265528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.460555, "energy": 72.517196, "activity_lines": [ 17.513658, 18.042427, 19.071903, 19.422895 ] }, { "date": "2023-11-03", "close": 16.046392, "volume": 17068368, "typical_volume": 8703757.8, "trend": 19.495313, "fair_value": 18.017813, "relative_strength": -6.57567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.739616, "energy": 80.075744, "activity_lines": [ 16.953122, 17.587526, 18.728168, 19.194888 ] }, { "date": "2023-11-10", "close": 15.880765, "volume": 10990128, "typical_volume": 8885517.85, "trend": 19.431761, "fair_value": 18.001246, "relative_strength": -8.127811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.922222, "energy": 81.977754, "activity_lines": [ 16.508201, 17.181695, 18.3855, 18.961691 ] }, { "date": "2023-11-17", "close": 16.816074, "volume": 25024962, "typical_volume": 9959526.0, "trend": 19.39583, "fair_value": 17.99213, "relative_strength": -3.587512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.177321, "energy": 59.501066, "activity_lines": [ 16.539378, 17.008627, 18.151812, 18.792937 ] }, { "date": "2023-11-24", "close": 16.134077, "volume": 30443031, "typical_volume": 10741986.3, "trend": 19.32779, "fair_value": 17.977946, "relative_strength": -7.401489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.806692, "energy": 64.811446, "activity_lines": [ 16.37375, 16.760274, 17.866997, 18.582501 ] }, { "date": "2023-12-01", "close": 16.718645, "volume": 25867657, "typical_volume": 11509836.6, "trend": 19.252726, "fair_value": 17.968406, "relative_strength": -4.017416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.177412, "energy": 50.189045, "activity_lines": [ 16.425712, 16.674006, 17.661888, 18.414169 ] }, { "date": "2023-12-08", "close": 16.689417, "volume": 56649757, "typical_volume": 13495949.75, "trend": 19.132398, "fair_value": 17.958789, "relative_strength": -2.564025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.235293, "energy": 42.504215, "activity_lines": [ 16.549121, 16.613246, 17.473295, 18.248795 ] }, { "date": "2023-12-15", "close": 14.955199, "volume": 26686739, "typical_volume": 14483150.1, "trend": 18.909002, "fair_value": 17.936374, "relative_strength": -12.008232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.078462, "energy": 53.536915, "activity_lines": [ 16.051588, 16.272071, 17.139581, 17.979298 ] }, { "date": "2023-12-22", "close": 14.399858, "volume": 9710482, "typical_volume": 14658364.75, "trend": 18.680672, "fair_value": 17.910178, "relative_strength": -14.435883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.682097, "energy": 60.819189, "activity_lines": [ 15.430647, 15.89157, 16.784386, 17.688385 ] }, { "date": "2023-12-29", "close": 15.257226, "volume": 17762401, "typical_volume": 15133256.0, "trend": 18.520686, "fair_value": 17.890671, "relative_strength": -11.2165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.957542, "energy": 55.892724, "activity_lines": [ 15.256576, 15.719211, 16.543229, 17.467518 ] }, { "date": "2024-01-05", "close": 15.208511, "volume": 24110647, "typical_volume": 16078357.85, "trend": 18.373948, "fair_value": 17.871093, "relative_strength": -10.083799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.774002, "energy": 61.538256, "activity_lines": [ 15.124723, 15.560138, 16.329537, 17.253829 ] }, { "date": "2024-01-12", "close": 15.676167, "volume": 15669814, "typical_volume": 16484549.55, "trend": 18.243719, "fair_value": 17.855188, "relative_strength": -5.765032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.344189, "energy": 46.695319, "activity_lines": [ 15.249431, 15.535692, 16.186364, 17.079779 ] }, { "date": "2024-01-19", "close": 14.809057, "volume": 8737690, "typical_volume": 16556167.0, "trend": 18.068673, "fair_value": 17.833273, "relative_strength": -9.43059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.164701, "energy": 43.83837, "activity_lines": [ 15.152653, 15.360322, 15.983111, 16.858188 ] }, { "date": "2024-01-26", "close": 14.049119, "volume": 11012686, "typical_volume": 16578954.15, "trend": 17.879663, "fair_value": 17.806244, "relative_strength": -16.391681, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.717632, "energy": 48.577342, "activity_lines": [ 14.812305, 15.066267, 15.729009, 16.598862 ] }, { "date": "2024-02-02", "close": 12.236958, "volume": 8734886, "typical_volume": 16639912.45, "trend": 17.581533, "fair_value": 17.766745, "relative_strength": -22.365852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.473911, "energy": 64.987191, "activity_lines": [ 13.891285, 14.493036, 15.328255, 16.234816 ] }, { "date": "2024-02-09", "close": 12.217472, "volume": 13368561, "typical_volume": 16895171.95, "trend": 17.296394, "fair_value": 17.727666, "relative_strength": -25.955312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.335672, "energy": 77.557997, "activity_lines": [ 13.165122, 13.987119, 14.958818, 15.888748 ] }, { "date": "2024-02-23", "close": 13.298923, "volume": 10786615, "typical_volume": 17104177.65, "trend": 17.043081, "fair_value": 17.696696, "relative_strength": -22.854438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.045813, "energy": 74.384363, "activity_lines": [ 12.998845, 13.759669, 14.721882, 15.630846 ] }, { "date": "2024-03-01", "close": 13.230723, "volume": 10652814, "typical_volume": 17235495.25, "trend": 16.765736, "fair_value": 17.665682, "relative_strength": -23.556981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.573644, "energy": 69.12004, "activity_lines": [ 12.968317, 13.581464, 14.503736, 15.384888 ] }, { "date": "2024-03-08", "close": 12.987153, "volume": 6794525, "typical_volume": 17216500.25, "trend": 16.491963, "fair_value": 17.633416, "relative_strength": -25.137252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.554888, "energy": 51.55942, "activity_lines": [ 12.961822, 13.390328, 14.28675, 15.141108 ] }, { "date": "2024-03-15", "close": 13.542493, "volume": 8957679, "typical_volume": 17342916.7, "trend": 16.210072, "fair_value": 17.605396, "relative_strength": -21.791895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.843275, "energy": 42.14344, "activity_lines": [ 13.211238, 13.325848, 14.143067, 14.95082 ] }, { "date": "2024-03-22", "close": 13.669149, "volume": 8580361, "typical_volume": 17380490.15, "trend": 15.976894, "fair_value": 17.578619, "relative_strength": -20.589021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.27044, "energy": 33.64031, "activity_lines": [ 13.415836, 13.315574, 14.025411, 14.786889 ] }, { "date": "2024-03-29", "close": 13.484036, "volume": 14154320, "typical_volume": 17234787.75, "trend": 15.746314, "fair_value": 17.550953, "relative_strength": -21.154314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.51421, "energy": 28.487889, "activity_lines": [ 13.461952, 13.299631, 13.910446, 14.62606 ] }, { "date": "2024-04-05", "close": 14.321917, "volume": 10304074, "typical_volume": 17200485.05, "trend": 15.579388, "fair_value": 17.529281, "relative_strength": -16.790165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.539876, "energy": 19.76607, "activity_lines": [ 13.775021, 13.475888, 13.887481, 14.534163 ] }, { "date": "2024-04-12", "close": 14.029634, "volume": 22828307, "typical_volume": 17090652.3, "trend": 15.397197, "fair_value": 17.50595, "relative_strength": -16.847561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.41806, "energy": 17.437911, "activity_lines": [ 13.917916, 13.607858, 13.844102, 14.434179 ] }, { "date": "2024-04-19", "close": 13.104067, "volume": 20076085, "typical_volume": 16572305.0, "trend": 15.193898, "fair_value": 17.476799, "relative_strength": -23.210601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.862542, "energy": 20.739623, "activity_lines": [ 13.68279, 13.571899, 13.725843, 14.286235 ] }, { "date": "2024-04-26", "close": 13.152781, "volume": 10013568, "typical_volume": 15779600.55, "trend": 15.018527, "fair_value": 17.448351, "relative_strength": -23.216155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.839669, "energy": 24.842342, "activity_lines": [ 13.49313, 13.52903, 13.626652, 14.15455 ] }, { "date": "2024-05-03", "close": 13.688635, "volume": 4469614, "typical_volume": 13170593.4, "trend": 14.854523, "fair_value": 17.423778, "relative_strength": -20.20113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.314748, "energy": 25.148284, "activity_lines": [ 13.516512, 13.566584, 13.595475, 14.068751 ] }, { "date": "2024-05-10", "close": 13.552236, "volume": 8289289, "typical_volume": 12250720.9, "trend": 14.694741, "fair_value": 17.398638, "relative_strength": -21.857401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.280651, "energy": 24.761419, "activity_lines": [ 13.480789, 13.572253, 13.565597, 13.984732 ] }, { "date": "2024-05-17", "close": 13.386607, "volume": 6150496, "typical_volume": 12072721.6, "trend": 14.565162, "fair_value": 17.372754, "relative_strength": -22.298654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.098491, "energy": 23.850166, "activity_lines": [ 13.441168, 13.541961, 13.526626, 13.900337 ] }, { "date": "2024-05-24", "close": 12.938438, "volume": 5162974, "typical_volume": 11442750.25, "trend": 14.447274, "fair_value": 17.344329, "relative_strength": -22.654342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.05243, "energy": 30.573524, "activity_lines": [ 13.295025, 13.422922, 13.449797, 13.795387 ] }, { "date": "2024-05-31", "close": 12.957926, "volume": 2876318, "typical_volume": 10381033.8, "trend": 14.281322, "fair_value": 17.327463, "relative_strength": -21.855246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.296043, "energy": 38.802345, "activity_lines": [ 13.166421, 13.318408, 13.385866, 13.6993 ] }, { "date": "2024-06-07", "close": 12.396794, "volume": 3980516, "typical_volume": 9796568.9, "trend": 14.159669, "fair_value": 17.286027, "relative_strength": -23.773571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.886054, "energy": 53.387827, "activity_lines": [ 12.863763, 13.124802, 13.27921, 13.577717 ] }, { "date": "2024-06-14", "close": 11.809316, "volume": 3100751, "typical_volume": 9514721.95, "trend": 14.023954, "fair_value": 17.180373, "relative_strength": -26.360969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.415424, "energy": 69.193679, "activity_lines": [ 12.451401, 12.84415, 13.132221, 13.426081 ] }, { "date": "2024-06-21", "close": 11.560384, "volume": 2963081, "typical_volume": 9112241.7, "trend": 13.848764, "fair_value": 17.099772, "relative_strength": -26.49458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.375377, "energy": 75.066743, "activity_lines": [ 12.072257, 12.563921, 12.975808, 13.267142 ] }, { "date": "2024-06-28", "close": 10.893247, "volume": 3748803, "typical_volume": 8862937.55, "trend": 13.67407, "fair_value": 17.004654, "relative_strength": -29.382899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.854657, "energy": 85.398399, "activity_lines": [ 11.592482, 12.20729, 12.76771, 13.076463 ] }, { "date": "2024-07-05", "close": 10.853418, "volume": 3844815, "typical_volume": 8386750.25, "trend": 13.478562, "fair_value": 16.893799, "relative_strength": -28.567174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.416479, "energy": 86.888436, "activity_lines": [ 11.235777, 11.883614, 12.562216, 12.894485 ] }, { "date": "2024-07-12", "close": 11.172051, "volume": 4485054, "typical_volume": 8071672.2, "trend": 13.29465, "fair_value": 16.798433, "relative_strength": -26.212204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.816998, "energy": 82.883893, "activity_lines": [ 11.125583, 11.659678, 12.393565, 12.745678 ] }, { "date": "2024-07-19", "close": 11.819273, "volume": 6163992, "typical_volume": 7847231.1, "trend": 13.190119, "fair_value": 16.714371, "relative_strength": -21.474593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.636578, "energy": 75.992894, "activity_lines": [ 11.31278, 11.599174, 12.296681, 12.650493 ] }, { "date": "2024-07-26", "close": 11.669914, "volume": 7323297, "typical_volume": 7873669.7, "trend": 13.099121, "fair_value": 16.629167, "relative_strength": -19.271502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.589295, "energy": 50.683873, "activity_lines": [ 11.449527, 11.543023, 12.192294, 12.552415 ] }, { "date": "2024-08-02", "close": 11.570341, "volume": 6032799, "typical_volume": 7727425.7, "trend": 12.976225, "fair_value": 16.543078, "relative_strength": -19.484687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.343182, "energy": 37.156948, "activity_lines": [ 11.54578, 11.49998, 12.084696, 12.453784 ] }, { "date": "2024-08-09", "close": 11.162094, "volume": 3996395, "typical_volume": 7498227.4, "trend": 12.841344, "fair_value": 16.427354, "relative_strength": -20.358424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.150688, "energy": 37.473275, "activity_lines": [ 11.460812, 11.407585, 11.947609, 12.336743 ] }, { "date": "2024-08-16", "close": 11.371197, "volume": 5071399, "typical_volume": 7044081.35, "trend": 12.697845, "fair_value": 16.317782, "relative_strength": -18.474379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.604775, "energy": 34.964867, "activity_lines": [ 11.424966, 11.385861, 11.842375, 12.241895 ] }, { "date": "2024-08-23", "close": 10.275897, "volume": 4354799, "typical_volume": 6746617.6, "trend": 12.54674, "fair_value": 16.216363, "relative_strength": -24.820874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.629527, "energy": 54.9795, "activity_lines": [ 11.010743, 11.183638, 11.642888, 12.08564 ] }, { "date": "2024-08-30", "close": 10.514872, "volume": 4471793, "typical_volume": 5828791.9, "trend": 12.428932, "fair_value": 16.14337, "relative_strength": -21.860387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.649209, "energy": 62.388412, "activity_lines": [ 10.779071, 11.052745, 11.485427, 11.954552 ] }, { "date": "2024-09-06", "close": 11.012735, "volume": 9033792, "typical_volume": 5276677.25, "trend": 12.388124, "fair_value": 16.089854, "relative_strength": -15.097323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.539269, "energy": 51.454372, "activity_lines": [ 10.790356, 11.031382, 11.392118, 11.863185 ] }, { "date": "2024-09-13", "close": 10.275897, "volume": 4891192, "typical_volume": 5020558.45, "trend": 12.323405, "fair_value": 16.031368, "relative_strength": -18.157036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.049176, "energy": 65.835557, "activity_lines": [ 10.593202, 10.873876, 11.238594, 11.726912 ] }, { "date": "2024-09-20", "close": 10.475043, "volume": 1900799, "typical_volume": 4892117.7, "trend": 12.229276, "fair_value": 15.980081, "relative_strength": -16.763913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.981244, "energy": 49.422264, "activity_lines": [ 10.52151, 10.763079, 11.117735, 11.607663 ] }, { "date": "2024-09-27", "close": 11.669914, "volume": 9059285, "typical_volume": 4930617.5, "trend": 12.177249, "fair_value": 15.941079, "relative_strength": -17.065112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.76441, "energy": 27.708316, "activity_lines": [ 10.907852, 10.882204, 11.125975, 11.571575 ] }, { "date": "2024-10-04", "close": 12.765213, "volume": 4436792, "typical_volume": 4844932.3, "trend": 12.169851, "fair_value": 15.905644, "relative_strength": -15.29466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.766378, "energy": 9.834995, "activity_lines": [ 11.566359, 11.20319, 11.247494, 11.609508 ] }, { "date": "2024-10-11", "close": 12.018418, "volume": 13934420, "typical_volume": 5283504.6, "trend": 12.119048, "fair_value": 15.866408, "relative_strength": -16.538124, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.426091, "energy": 17.945918, "activity_lines": [ 11.825911, 11.368481, 11.300848, 11.599738 ] }, { "date": "2024-10-18", "close": 11.669914, "volume": 7175630, "typical_volume": 5498470.2, "trend": 12.052407, "fair_value": 15.832156, "relative_strength": -19.34865, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.910451, "energy": 22.55344, "activity_lines": [ 11.90225, 11.46226, 11.325393, 11.570762 ] }, { "date": "2024-10-25", "close": 11.928802, "volume": 5865764, "typical_volume": 5592732.6, "trend": 12.000566, "fair_value": 15.796418, "relative_strength": -17.832787, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.639157, "energy": 21.061177, "activity_lines": [ 11.971951, 11.593877, 11.380727, 11.562787 ] }, { "date": "2024-11-01", "close": 11.580299, "volume": 7725871, "typical_volume": 5823988.6, "trend": 11.909179, "fair_value": 15.758507, "relative_strength": -18.704004, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.086448, "energy": 12.281275, "activity_lines": [ 11.828566, 11.651991, 11.405098, 11.535673 ] }, { "date": "2024-11-08", "close": 12.516281, "volume": 14431950, "typical_volume": 6397432.05, "trend": 11.858733, "fair_value": 15.719317, "relative_strength": -16.103221, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.485888, "energy": 19.683601, "activity_lines": [ 12.00315, 11.856567, 11.519702, 11.574841 ] }, { "date": "2024-11-15", "close": 12.26735, "volume": 8798031, "typical_volume": 6649893.45, "trend": 11.830843, "fair_value": 15.673227, "relative_strength": -14.181355, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.321802, "energy": 22.63073, "activity_lines": [ 12.111353, 11.979494, 11.606045, 11.601204 ] }, { "date": "2024-11-22", "close": 11.978589, "volume": 11237635, "typical_volume": 7019534.45, "trend": 11.791703, "fair_value": 15.630652, "relative_strength": -13.861973, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.566305, "energy": 19.64431, "activity_lines": [ 12.106706, 12.027108, 11.658345, 11.610736 ] }, { "date": "2024-11-29", "close": 15.941581, "volume": 44277149, "typical_volume": 9009139.2, "trend": 11.866801, "fair_value": 15.626928, "relative_strength": 12.855227, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.824819, "energy": 80.016248, "activity_lines": [ 13.402478, 12.764308, 12.082714, 11.87847 ] }, { "date": "2024-12-06", "close": 14.517692, "volume": 71726379, "typical_volume": 12287258.55, "trend": 11.898983, "fair_value": 15.592302, "relative_strength": 1.003338, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.369706, "energy": 76.341795, "activity_lines": [ 13.956102, 13.143227, 12.348762, 12.049495 ] }, { "date": "2024-12-13", "close": 14.81641, "volume": 50291088, "typical_volume": 14435648.1, "trend": 11.946643, "fair_value": 15.568782, "relative_strength": 4.045568, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.039864, "energy": 79.368733, "activity_lines": [ 14.413473, 13.524681, 12.630411, 12.237716 ] }, { "date": "2024-12-20", "close": 13.641453, "volume": 21502460, "typical_volume": 15209131.15, "trend": 11.970077, "fair_value": 15.529834, "relative_strength": -3.069916, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.959944, "energy": 72.875671, "activity_lines": [ 14.325849, 13.655212, 12.785175, 12.347059 ] }, { "date": "2024-12-27", "close": 13.342734, "volume": 16720513, "typical_volume": 15845337.05, "trend": 11.982904, "fair_value": 15.490082, "relative_strength": -5.645532, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.608354, "energy": 43.573477, "activity_lines": [ 14.047045, 13.70192, 12.901628, 12.435617 ] }, { "date": "2025-01-03", "close": 12.566068, "volume": 18978254, "typical_volume": 16540679.8, "trend": 11.988547, "fair_value": 15.454419, "relative_strength": -5.384171, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.307916, "energy": 25.22393, "activity_lines": [ 13.41841, 13.577002, 12.933728, 12.473241 ] }, { "date": "2025-01-10", "close": 11.500641, "volume": 12729137, "typical_volume": 16959396.7, "trend": 11.978257, "fair_value": 15.40656, "relative_strength": -11.591358, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.821423, "energy": 17.69097, "activity_lines": [ 12.659666, 13.246783, 12.858669, 12.441763 ] }, { "date": "2025-01-17", "close": 12.496367, "volume": 13528540, "typical_volume": 17412234.05, "trend": 12.009457, "fair_value": 15.361135, "relative_strength": -5.406776, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.066211, "energy": 22.456436, "activity_lines": [ 12.433968, 13.099053, 12.872609, 12.475189 ] }, { "date": "2025-01-24", "close": 12.824957, "volume": 17377263, "typical_volume": 17829407.6, "trend": 12.073847, "fair_value": 15.314795, "relative_strength": -2.651295, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.120086, "energy": 20.533798, "activity_lines": [ 12.47247, 13.011429, 12.908408, 12.527802 ] }, { "date": "2025-01-31", "close": 12.695513, "volume": 1684383, "typical_volume": 17669067.15, "trend": 12.13525, "fair_value": 15.263368, "relative_strength": -3.149886, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.684664, "energy": 14.09528, "activity_lines": [ 12.522256, 12.890132, 12.923249, 12.56791 ] }, { "date": "2025-02-07", "close": 12.924529, "volume": 9408240, "typical_volume": 18044439.2, "trend": 12.193666, "fair_value": 15.197865, "relative_strength": -2.722123, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.822191, "energy": 8.259067, "activity_lines": [ 12.69153, 12.797439, 12.94838, 12.618831 ] }, { "date": "2025-02-14", "close": 13.282991, "volume": 43356441, "typical_volume": 19759297.0, "trend": 12.242457, "fair_value": 15.141383, "relative_strength": -1.171373, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.276548, "energy": 16.163336, "activity_lines": [ 12.956393, 12.824776, 12.995985, 12.68911 ] }, { "date": "2025-02-21", "close": 14.398205, "volume": 39682552, "typical_volume": 21521585.0, "trend": 12.3334, "fair_value": 15.103832, "relative_strength": 6.183089, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.379836, "energy": 30.329192, "activity_lines": [ 13.474171, 13.077328, 13.142119, 12.82819 ] }, { "date": "2025-02-28", "close": 18.351238, "volume": 80724021, "typical_volume": 24861065.05, "trend": 12.55943, "fair_value": 15.103403, "relative_strength": 36.950051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.896031, "energy": 79.230442, "activity_lines": [ 15.182837, 14.056218, 13.656957, 13.216438 ] }, { "date": "2025-03-07", "close": 14.438034, "volume": 61784607, "typical_volume": 27591513.9, "trend": 12.668628, "fair_value": 15.081035, "relative_strength": 6.088036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.019623, "energy": 68.368979, "activity_lines": [ 15.218683, 14.237983, 13.768953, 13.337638 ] }, { "date": "2025-03-14", "close": 14.358376, "volume": 35214977, "typical_volume": 29058974.55, "trend": 12.7682, "fair_value": 15.059514, "relative_strength": 4.168575, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.699242, "energy": 66.951811, "activity_lines": [ 15.111809, 14.385351, 13.860181, 13.446654 ] }, { "date": "2025-03-21", "close": 13.601624, "volume": 22855691, "typical_volume": 29815465.55, "trend": 12.879058, "fair_value": 15.035979, "relative_strength": 0.495534, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.803887, "energy": 53.992294, "activity_lines": [ 14.657094, 14.36254, 13.867767, 13.500423 ] }, { "date": "2025-03-28", "close": 14.477862, "volume": 28020205, "typical_volume": 30494878.3, "trend": 13.011158, "fair_value": 15.01948, "relative_strength": 7.45974, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.968916, "energy": 23.308425, "activity_lines": [ 14.473216, 14.460845, 13.949179, 13.603572 ] }, { "date": "2025-04-04", "close": 13.960086, "volume": 17196104, "typical_volume": 30914781.95, "trend": 13.109403, "fair_value": 15.00694, "relative_strength": 4.148568, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.872655, "energy": 18.203363, "activity_lines": [ 14.111436, 14.428982, 13.971939, 13.664793 ] }, { "date": "2025-04-11", "close": 13.621538, "volume": 25211185, "typical_volume": 31613459.45, "trend": 13.220924, "fair_value": 14.995747, "relative_strength": 5.101412, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.090278, "energy": 17.250525, "activity_lines": [ 13.92955, 14.314926, 13.954395, 13.697834 ] }, { "date": "2025-04-18", "close": 14.209017, "volume": 38545320, "typical_volume": 31326868.0, "trend": 13.34539, "fair_value": 14.98505, "relative_strength": 8.314138, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.210321, "energy": 14.78759, "activity_lines": [ 13.997923, 14.290847, 13.984978, 13.761582 ] }, { "date": "2025-04-25", "close": 14.129358, "volume": 57364945, "typical_volume": 30608796.3, "trend": 13.427371, "fair_value": 14.969648, "relative_strength": 7.092516, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.591683, "energy": 13.931542, "activity_lines": [ 14.0497, 14.228931, 14.016225, 13.812161 ] }, { "date": "2025-05-02", "close": 13.442307, "volume": 16469601, "typical_volume": 28917721.95, "trend": 13.449941, "fair_value": 14.960513, "relative_strength": 2.535452, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.762136, "energy": 10.275344, "activity_lines": [ 13.837279, 14.026708, 13.983888, 13.813124 ] }, { "date": "2025-05-09", "close": 13.790812, "volume": 15884167, "typical_volume": 28636807.3, "trend": 13.509021, "fair_value": 14.953612, "relative_strength": 3.296039, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.373932, "energy": 6.853686, "activity_lines": [ 13.810062, 13.90523, 13.991285, 13.835116 ] }, { "date": "2025-05-16", "close": 13.531923, "volume": 13551966, "typical_volume": 28478379.95, "trend": 13.571088, "fair_value": 14.939191, "relative_strength": 0.699989, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.871699, "energy": 7.127908, "activity_lines": [ 13.707834, 13.819597, 13.973314, 13.836594 ] }, { "date": "2025-05-23", "close": 14.209017, "volume": 44612028, "typical_volume": 29760068.65, "trend": 13.647095, "fair_value": 14.949097, "relative_strength": 6.313441, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.001715, "energy": 8.85306, "activity_lines": [ 13.837279, 13.873548, 14.018928, 13.87775 ] }, { "date": "2025-05-30", "close": 14.418118, "volume": 57835139, "typical_volume": 32015368.75, "trend": 13.741689, "fair_value": 14.955594, "relative_strength": 7.849679, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.038917, "energy": 13.873353, "activity_lines": [ 14.036424, 13.968232, 14.076632, 13.927494 ] }, { "date": "2025-06-06", "close": 14.37829, "volume": 30123060, "typical_volume": 32845094.75, "trend": 13.803756, "fair_value": 14.96239, "relative_strength": 6.254276, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.956691, "energy": 22.045559, "activity_lines": [ 14.203042, 14.040829, 14.116651, 13.968565 ] }, { "date": "2025-06-13", "close": 13.999914, "volume": 22586738, "typical_volume": 33105568.5, "trend": 13.861508, "fair_value": 14.967008, "relative_strength": 3.588899, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.092237, "energy": 18.448499, "activity_lines": [ 14.181136, 14.046442, 14.111672, 13.98122 ] }, { "date": "2025-06-20", "close": 13.38, "volume": 10543214, "typical_volume": 33548510.05, "trend": 13.908222, "fair_value": 14.965492, "relative_strength": -0.554511, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.878699, "energy": 8.57226, "activity_lines": [ 13.938652, 13.938618, 14.042059, 13.950155 ] }, { "date": "2025-06-27", "close": 13.8, "volume": 11282735, "typical_volume": 33642234.8, "trend": 13.836836, "fair_value": 14.963215, "relative_strength": 0.466861, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.053736, "energy": 10.156178, "activity_lines": [ 13.846296, 13.91155, 14.009187, 13.943173 ] }, { "date": "2025-07-04", "close": 13.79, "volume": 11866762, "typical_volume": 32067750.85, "trend": 13.812579, "fair_value": 14.96047, "relative_strength": -1.134904, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.137741, "energy": 7.646978, "activity_lines": [ 13.777875, 13.8901, 13.971193, 13.940151 ] }, { "date": "2025-07-11", "close": 13.99, "volume": 60876315, "typical_volume": 33127439.0, "trend": 13.785032, "fair_value": 14.956707, "relative_strength": -0.889803, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.290152, "energy": 7.741573, "activity_lines": [ 13.817994, 13.911184, 13.949832, 13.951598 ] }, { "date": "2025-07-18", "close": 13.98, "volume": 22580843, "typical_volume": 30220280.1, "trend": 13.796317, "fair_value": 14.947781, "relative_strength": -1.638045, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.983282, "energy": 4.719081, "activity_lines": [ 13.880667, 13.920492, 13.929463, 13.964176 ] }, { "date": "2025-07-25", "close": 13.92, "volume": 14259902, "typical_volume": 27844044.85, "trend": 13.81556, "fair_value": 14.935239, "relative_strength": -3.597569, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.571698, "energy": 6.874463, "activity_lines": [ 13.924667, 13.915451, 13.924195, 13.972156 ] }, { "date": "2025-08-01", "close": 13.69, "volume": 11834921, "typical_volume": 26675042.05, "trend": 13.853024, "fair_value": 14.92663, "relative_strength": -4.230091, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.173898, "energy": 2.171493, "activity_lines": [ 13.856, 13.861535, 13.899489, 13.964055 ] }, { "date": "2025-08-08", "close": 13.9, "volume": 9477067, "typical_volume": 26006110.85, "trend": 13.933003, "fair_value": 14.926207, "relative_strength": -4.737266, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.297923, "energy": 1.882281, "activity_lines": [ 13.864667, 13.855239, 13.897966, 13.967086 ] }, { "date": "2025-08-15", "close": 13.72, "volume": 12722663, "typical_volume": 25241233.75, "trend": 13.97379, "fair_value": 14.922205, "relative_strength": -7.433359, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.23708, "energy": 21.46658, "activity_lines": [ 13.806, 13.825635, 13.877879, 13.953344 ] }, { "date": "2025-08-22", "close": 14.19, "volume": 27774741, "typical_volume": 25770165.6, "trend": 14.019292, "fair_value": 14.925692, "relative_strength": -7.538547, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.243735, "energy": 10.13296, "activity_lines": [ 13.922, 13.893455, 13.906163, 13.967293 ] }, { "date": "2025-08-29", "close": 13.91, "volume": 22368547, "typical_volume": 25628033.7, "trend": 14.059775, "fair_value": 14.928566, "relative_strength": -10.07825, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.082719, "energy": 8.606671, "activity_lines": [ 13.930667, 13.906909, 13.906686, 13.960242 ] }, { "date": "2025-09-05", "close": 14.12, "volume": 20865802, "typical_volume": 24744057.8, "trend": 14.099624, "fair_value": 14.931293, "relative_strength": -7.51003, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -12.134845, "energy": 8.034867, "activity_lines": [ 14.01, 13.948909, 13.925834, 13.964127 ] }, { "date": "2025-09-12", "close": 13.9, "volume": 15423884, "typical_volume": 22647004.75, "trend": 14.120191, "fair_value": 14.934289, "relative_strength": -10.227327, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.228848, "energy": 10.465389, "activity_lines": [ 13.987333, 13.945091, 13.924455, 13.951248 ] }, { "date": "2025-09-19", "close": 12.49, "volume": 35690136, "typical_volume": 23608031.5, "trend": 14.056584, "fair_value": 14.929677, "relative_strength": -18.047405, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.311676, "energy": 51.913158, "activity_lines": [ 13.494667, 13.682909, 13.789881, 13.846075 ] }, { "date": "2025-09-26", "close": 11.87, "volume": 28886560, "typical_volume": 24258151.15, "trend": 13.840543, "fair_value": 14.916986, "relative_strength": -22.023422, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.821295, "energy": 76.073668, "activity_lines": [ 12.877333, 13.335273, 13.600795, 13.705005 ] }, { "date": "2025-10-03", "close": 11.88, "volume": 6156414, "typical_volume": 23888373.55, "trend": 13.755275, "fair_value": 14.905169, "relative_strength": -22.770406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.693487, "energy": 84.783144, "activity_lines": [ 12.418, 13.027818, 13.421808, 13.578518 ] }, { "date": "2025-10-10", "close": 11.94, "volume": 6598173, "typical_volume": 21987680.8, "trend": 13.674662, "fair_value": 14.894481, "relative_strength": -22.411423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.968414, "energy": 88.730943, "activity_lines": [ 12.114, 12.768364, 13.256402, 13.461404 ] }, { "date": "2025-10-17", "close": 11.47, "volume": 20348463, "typical_volume": 20113347.0, "trend": 13.603608, "fair_value": 14.888304, "relative_strength": -24.135546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.832609, "energy": 92.912851, "activity_lines": [ 11.798667, 12.455273, 13.057039, 13.319168 ] }, { "date": "2025-10-24", "close": 12.15, "volume": 21684712, "typical_volume": 19691429.6, "trend": 13.526013, "fair_value": 14.883812, "relative_strength": -21.680673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.025307, "energy": 84.106805, "activity_lines": [ 11.872, 12.31, 12.936476, 13.225386 ] }, { "date": "2025-10-31", "close": 11.84, "volume": 27740423, "typical_volume": 19949113.85, "trend": 13.455343, "fair_value": 14.874909, "relative_strength": -23.561228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.785165, "energy": 70.534667, "activity_lines": [ 11.864667, 12.136909, 12.797, 13.116611 ] }, { "date": "2025-11-07", "close": 11.99, "volume": 16473085, "typical_volume": 20245607.4, "trend": 13.400959, "fair_value": 14.869702, "relative_strength": -23.184769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.321926, "energy": 55.783652, "activity_lines": [ 11.909333, 12.033818, 12.682095, 13.022073 ] }, { "date": "2025-11-14", "close": 12.62, "volume": 33102198, "typical_volume": 21336580.55, "trend": 13.347991, "fair_value": 14.873259, "relative_strength": -18.797289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.094252, "energy": 36.423194, "activity_lines": [ 12.156667, 12.080182, 12.63381, 12.971689 ] }, { "date": "2025-11-21", "close": 11.98, "volume": 27244478, "typical_volume": 22105466.35, "trend": 13.276346, "fair_value": 14.864631, "relative_strength": -19.572223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.912962, "energy": 34.893175, "activity_lines": [ 12.145333, 12.037455, 12.53019, 12.883431 ] }, { "date": "2025-11-28", "close": 12.5, "volume": 17729197, "typical_volume": 19948110.45, "trend": 13.244936, "fair_value": 14.859523, "relative_strength": -16.588585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.295948, "energy": 25.066084, "activity_lines": [ 12.273333, 12.124182, 12.484714, 12.833344 ] }, { "date": "2025-12-05", "close": 12.6, "volume": 27022466, "typical_volume": 20170191.6, "trend": 13.205242, "fair_value": 14.847223, "relative_strength": -15.79199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.453216, "energy": 21.902739, "activity_lines": [ 12.411333, 12.228909, 12.455857, 12.791736 ] }, { "date": "2025-12-12", "close": 11.76, "volume": 24615777, "typical_volume": 20687985.35, "trend": 13.146178, "fair_value": 14.834138, "relative_strength": -20.598312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.057897, "energy": 28.048768, "activity_lines": [ 12.218667, 12.167636, 12.353571, 12.698494 ] }, { "date": "2025-12-19", "close": 12.48, "volume": 24172022, "typical_volume": 21304840.4, "trend": 13.088544, "fair_value": 14.819639, "relative_strength": -15.400967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.773687, "energy": 18.703522, "activity_lines": [ 12.281333, 12.239455, 12.330143, 12.655515 ] }, { "date": "2025-12-26", "close": 12.0, "volume": 19719904, "typical_volume": 21816982.25, "trend": 13.00794, "fair_value": 14.792674, "relative_strength": -19.792919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.58121, "energy": 29.062789, "activity_lines": [ 12.193333, 12.214182, 12.266762, 12.585286 ] }, { "date": "2026-01-02", "close": 11.6, "volume": 12592702, "typical_volume": 21810484.2, "trend": 12.91533, "fair_value": 14.765757, "relative_strength": -22.174715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.509354, "energy": 40.570567, "activity_lines": [ 11.970667, 12.106545, 12.174333, 12.494451 ] }, { "date": "2026-01-09", "close": 11.82, "volume": 16355122, "typical_volume": 21239503.25, "trend": 12.842667, "fair_value": 14.73795, "relative_strength": -23.317297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.314837, "energy": 39.227105, "activity_lines": [ 11.881333, 12.048909, 12.112952, 12.423785 ] }, { "date": "2026-01-16", "close": 11.68, "volume": 16694782, "typical_volume": 20955815.0, "trend": 12.786, "fair_value": 14.702841, "relative_strength": -23.487378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.658675, "energy": 50.131365, "activity_lines": [ 11.797333, 11.966182, 12.049524, 12.348774 ] }, { "date": "2026-01-23", "close": 12.03, "volume": 16915295, "typical_volume": 20758289.65, "trend": 12.727, "fair_value": 14.675137, "relative_strength": -21.427184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.96555, "energy": 43.030323, "activity_lines": [ 11.835333, 11.952727, 12.030048, 12.3 ] }, { "date": "2026-01-30", "close": 11.94, "volume": 15825697, "typical_volume": 20778380.3, "trend": 12.665333, "fair_value": 14.653694, "relative_strength": -21.258476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.240892, "energy": 31.121997, "activity_lines": [ 11.873333, 11.933636, 12.011952, 12.249226 ] }, { "date": "2026-02-06", "close": 12.05, "volume": 30822388, "typical_volume": 20534992.9, "trend": 12.600667, "fair_value": 14.636562, "relative_strength": -19.108907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.365483, "energy": 20.761076, "activity_lines": [ 11.952, 11.935273, 12.013667, 12.209527 ] }, { "date": "2026-02-13", "close": 11.58, "volume": 23998240, "typical_volume": 20290576.9, "trend": 12.520667, "fair_value": 14.60417, "relative_strength": -22.115219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.202365, "energy": 28.216237, "activity_lines": [ 11.844, 11.859636, 11.972714, 12.143677 ] }, { "date": "2026-02-27", "close": 11.56, "volume": 10079208, "typical_volume": 20486716.6, "trend": 12.442, "fair_value": 14.563505, "relative_strength": -23.15689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.148079, "energy": 32.909423, "activity_lines": [ 11.745333, 11.798909, 11.931238, 12.081699 ] }, { "date": "2026-03-06", "close": 11.3, "volume": 14042425, "typical_volume": 20858929.2, "trend": 12.362333, "fair_value": 14.52509, "relative_strength": -23.039554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.28945, "energy": 49.329248, "activity_lines": [ 11.568, 11.694545, 11.866524, 12.008022 ] }, { "date": "2026-03-13", "close": 11.34, "volume": 9077040, "typical_volume": 20295358.05, "trend": 12.277, "fair_value": 14.483948, "relative_strength": -21.584541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.581991, "energy": 62.284202, "activity_lines": [ 11.452667, 11.618909, 11.808667, 11.942065 ] }, { "date": "2026-03-20", "close": 10.8, "volume": 8203366, "typical_volume": 19621290.75, "trend": 12.179667, "fair_value": 14.429148, "relative_strength": -22.083072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.494318, "energy": 77.752198, "activity_lines": [ 11.197333, 11.457091, 11.7, 11.846774 ] }, { "date": "2026-03-27", "close": 10.73, "volume": 9280614, "typical_volume": 18698300.3, "trend": 12.064333, "fair_value": 14.381981, "relative_strength": -21.168149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.380178, "energy": 81.983942, "activity_lines": [ 11.002, 11.297091, 11.591095, 11.753247 ] }, { "date": "2026-04-03", "close": 10.43, "volume": 7580566, "typical_volume": 18253674.35, "trend": 11.948333, "fair_value": 14.330591, "relative_strength": -22.004263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.25275, "energy": 87.48249, "activity_lines": [ 10.763333, 11.102364, 11.458905, 11.647806 ] }, { "date": "2026-04-10", "close": 10.81, "volume": 6687955, "typical_volume": 16932962.2, "trend": 11.838, "fair_value": 14.285119, "relative_strength": -20.66615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.257459, "energy": 80.013086, "activity_lines": [ 10.726667, 10.999455, 11.370333, 11.574366 ] }, { "date": "2026-04-17", "close": 10.835067, "volume": 5407994, "typical_volume": 15841138.0, "trend": 11.735836, "fair_value": 14.235331, "relative_strength": -21.081643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.829234, "energy": 69.040074, "activity_lines": [ 10.731022, 10.923285, 11.292768, 11.50966 ] }, { "date": "2026-04-24", "close": 10.835067, "volume": 7772898, "typical_volume": 15343323.05, "trend": 11.680671, "fair_value": 14.190765, "relative_strength": -20.877834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.746704, "energy": 51.273234, "activity_lines": [ 10.76904, 10.867205, 11.220655, 11.451546 ] }, { "date": "2026-05-01", "close": 11.013667, "volume": 13743983, "typical_volume": 14679398.9, "trend": 11.652127, "fair_value": 14.14666, "relative_strength": -19.461765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.140824, "energy": 39.762576, "activity_lines": [ 10.864254, 10.865687, 11.17348, 11.408514 ] }, { "date": "2026-05-08", "close": 11.083122, "volume": 10511595, "typical_volume": 13974189.8, "trend": 11.625564, "fair_value": 14.101198, "relative_strength": -19.595084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.967396, "energy": 28.641494, "activity_lines": [ 10.963708, 10.887095, 11.140474, 11.371804 ] }, { "date": "2026-05-15", "close": 10.467945, "volume": 14863361, "typical_volume": 13508756.75, "trend": 11.576496, "fair_value": 14.046694, "relative_strength": -22.518872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.186986, "energy": 38.184015, "activity_lines": [ 10.814561, 10.805323, 11.052102, 11.297119 ] }, { "date": "2026-05-22", "close": 10.200045, "volume": 11408422, "typical_volume": 13093182.65, "trend": 11.534164, "fair_value": 13.981955, "relative_strength": -23.39525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.37237, "energy": 51.530528, "activity_lines": [ 10.598918, 10.68997, 10.947797, 11.208315 ] }, { "date": "2026-05-29", "close": 10.646544, "volume": 49191740, "typical_volume": 14923134.55, "trend": 11.484049, "fair_value": 13.911375, "relative_strength": -18.382037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.01861, "energy": 41.198998, "activity_lines": [ 10.574443, 10.676525, 10.894588, 11.151049 ] }, { "date": "2026-06-05", "close": 9.495566, "volume": 4819782, "typical_volume": 14346367.55, "trend": 11.405901, "fair_value": 13.836028, "relative_strength": -25.597557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.336967, "energy": 72.304357, "activity_lines": [ 10.178877, 10.456601, 10.736301, 11.02276 ] }, { "date": "2026-06-12", "close": 9.138367, "volume": 3850800, "typical_volume": 13704168.45, "trend": 11.310846, "fair_value": 13.766038, "relative_strength": -27.593164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.686046, "energy": 85.195384, "activity_lines": [ 9.765451, 10.194177, 10.555065, 10.876468 ] }, { "date": "2026-06-19", "close": 8.62, "volume": 12277803, "typical_volume": 13472293.85, "trend": 11.177513, "fair_value": 13.695585, "relative_strength": -31.831424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.464985, "energy": 92.655328, "activity_lines": [ 9.308887, 9.860988, 10.336563, 10.702865 ] }, { "date": "2026-06-26", "close": 9.41, "volume": 16610582, "typical_volume": 13511538.1, "trend": 11.091846, "fair_value": 13.630373, "relative_strength": -23.634044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.546418, "energy": 82.70203, "activity_lines": [ 9.238852, 9.711253, 10.209537, 10.588832 ] }, { "date": "2026-07-03", "close": 9.03, "volume": 8965691, "typical_volume": 12418703.25, "trend": 10.97618, "fair_value": 13.559665, "relative_strength": -26.180984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.763761, "energy": 81.634051, "activity_lines": [ 9.09482, 9.518338, 10.058369, 10.455809 ] }, { "date": "2026-07-10", "close": 8.82, "volume": 23475072, "typical_volume": 12392544.85, "trend": 10.85018, "fair_value": 13.489797, "relative_strength": -26.213455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.998321, "energy": 68.740637, "activity_lines": [ 8.988558, 9.320061, 9.901581, 10.316701 ] }, { "date": "2026-07-17", "close": 9.17, "volume": 22095986, "typical_volume": 12993383.75, "trend": 10.763846, "fair_value": 13.412804, "relative_strength": -17.737604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.194629, "energy": 52.800915, "activity_lines": [ 9.044, 9.225305, 9.79127, 10.208302 ] }, { "date": "2026-07-24", "close": 8.76, "volume": 17576076, "typical_volume": 13170066.3, "trend": 10.639846, "fair_value": 13.335807, "relative_strength": -21.602276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.322579, "energy": 53.78979, "activity_lines": [ 8.960667, 9.090787, 9.653292, 10.079022 ] }, { "date": "2026-07-31", "close": 9.75, "volume": 25426031, "typical_volume": 13987515.85, "trend": 10.564846, "fair_value": 13.264343, "relative_strength": -12.389055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.620105, "energy": 35.676682, "activity_lines": [ 9.198, 9.167323, 9.621695, 10.021612 ] }, { "date": "2026-08-07", "close": 9.71, "volume": 14599765, "typical_volume": 14307335.8, "trend": 10.501846, "fair_value": 13.188439, "relative_strength": -14.351803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.124257, "energy": 25.179069, "activity_lines": [ 9.399333, 9.244769, 9.593859, 9.966461 ] } ], "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." } } }