{
  "ticker": {
    "uuid": "bf091582-a2c4-43a0-b7b1-38403e5b0800",
    "symbol": "4433",
    "name": "Singtex Industrial Co., Ltd.",
    "exchange": "TWO",
    "country": "TW",
    "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": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1a",
    "phase_label": "Stage 1A \u00b7 Bottoming",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 54.194,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -51.322,
    "architecture_energy": 35.444,
    "architecture_maturity": 16.482,
    "architecture_confidence": 90.233,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 35.9,
        "rotation_up": 15.63,
        "upward_expansion": 7.11,
        "deceleration": 41.66,
        "rotation_down": 59.51,
        "downward_expansion": 80.44
      },
      "activity_lines": [
        19.533334,
        19.697384,
        19.730178,
        19.805894
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 19.450001,
    "trend_reference": 20.072846,
    "distance_from_trend": -0.031029,
    "trend_direction": "Improving",
    "fair_value": 24.286555,
    "distance_from_fair_value": -0.199145,
    "fair_value_direction": "Weakening",
    "relative_strength": -32.151343,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.070029,
    "excess_performance": -0.511401,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.031029,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.000153,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.199145,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.019561,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.321513,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.055756,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.070029,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.734376,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 75810,
      "relative_activity": 0.458336,
      "balance": 0.734376,
      "dry_up": 0.413673,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.04251,
      "annualized_volatility": 0.210556,
      "from_high_reference": -0.161689,
      "from_low_reference": 0.036186
    },
    "levels": {
      "trend_reference": 20.072846,
      "fair_value_reference": 24.286555,
      "structural_low": 18.770755,
      "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": 24,
        "median_return": -0.007292,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.019411,
        "regime_survival": 0.625,
        "best_return": 0.283305,
        "worst_return": -0.096774,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.027144,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.080952,
        "regime_survival": 0.222222,
        "best_return": 0.166667,
        "worst_return": -0.157886,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.059748,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.164178,
        "regime_survival": 0.285714,
        "best_return": 0.111073,
        "worst_return": -0.254912,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.158643,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.25487,
        "regime_survival": 0.0,
        "best_return": 0.0092,
        "worst_return": -0.242778,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-22",
        "end": "2024-01-19",
        "tenure": "Developing",
        "return": -0.025157,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-01-26",
        "end": "2024-03-01",
        "tenure": "Developing",
        "return": -0.051613,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-03-08",
        "end": "2024-03-22",
        "tenure": "New",
        "return": -0.025126,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-29",
        "end": "2024-06-07",
        "tenure": "Developing",
        "return": 0.023973,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-14",
        "end": "2024-11-22",
        "tenure": "Established",
        "return": -0.035273,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": 0.046931,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-03-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.027539,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.159509,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.037102,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.148236,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-15",
        "end": "2026-01-16",
        "tenure": "Established",
        "return": 0.02407,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-04-24",
        "tenure": "Established",
        "return": -0.126882,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-01",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": 0.03,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-08-14",
        "tenure": "Developing",
        "return": -0.057142,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 26.036291,
        "volume": 253000,
        "typical_volume": 705200.0,
        "trend": 28.57627,
        "fair_value": 28.500708,
        "relative_strength": -12.263782,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -61.01714,
        "energy": 72.999553,
        "activity_lines": [
          27.262573,
          27.858864,
          28.500735,
          28.726084
        ]
      },
      {
        "date": "2023-08-18",
        "close": 26.080721,
        "volume": 219000,
        "typical_volume": 693600.0,
        "trend": 28.604281,
        "fair_value": 28.46363,
        "relative_strength": -10.861714,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -82.189929,
        "energy": 84.876988,
        "activity_lines": [
          26.779761,
          27.465307,
          28.223798,
          28.565081
        ]
      },
      {
        "date": "2023-08-25",
        "close": 25.325401,
        "volume": 124000,
        "typical_volume": 688400.0,
        "trend": 28.608531,
        "fair_value": 28.388166,
        "relative_strength": -13.873181,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.544548,
        "energy": 90.474042,
        "activity_lines": [
          26.18143,
          26.986355,
          27.884077,
          28.353541
        ]
      },
      {
        "date": "2023-09-01",
        "close": 25.858568,
        "volume": 165000,
        "typical_volume": 520000.0,
        "trend": 28.612139,
        "fair_value": 28.33114,
        "relative_strength": -12.806968,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.944047,
        "energy": 86.050664,
        "activity_lines": [
          25.920771,
          26.660741,
          27.614558,
          28.176124
        ]
      },
      {
        "date": "2023-09-08",
        "close": 28.302246,
        "volume": 615000,
        "typical_volume": 325700.0,
        "trend": 28.697204,
        "fair_value": 28.277012,
        "relative_strength": -4.1391,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.33109,
        "energy": 48.745962,
        "activity_lines": [
          26.607963,
          26.839271,
          27.612261,
          28.15613
        ]
      },
      {
        "date": "2023-09-15",
        "close": 27.902372,
        "volume": 1013000,
        "typical_volume": 333850.0,
        "trend": 28.768939,
        "fair_value": 28.223075,
        "relative_strength": -7.311747,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.033478,
        "energy": 29.033722,
        "activity_lines": [
          27.135205,
          26.969331,
          27.577535,
          28.104851
        ]
      },
      {
        "date": "2023-09-22",
        "close": 27.546928,
        "volume": 66000,
        "typical_volume": 310650.0,
        "trend": 28.609284,
        "fair_value": 28.164355,
        "relative_strength": -5.081272,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.608898,
        "energy": 21.706448,
        "activity_lines": [
          27.41956,
          27.048498,
          27.523394,
          28.026012
        ]
      },
      {
        "date": "2023-09-29",
        "close": 27.724651,
        "volume": 59000,
        "typical_volume": 276050.0,
        "trend": 28.515041,
        "fair_value": 28.114285,
        "relative_strength": -4.424159,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.542,
        "energy": 25.06907,
        "activity_lines": [
          27.66541,
          27.17048,
          27.498062,
          27.968938
        ]
      },
      {
        "date": "2023-10-06",
        "close": 27.724651,
        "volume": 83000,
        "typical_volume": 263750.0,
        "trend": 28.468956,
        "fair_value": 28.058707,
        "relative_strength": -5.142541,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -26.102495,
        "energy": 20.223541,
        "activity_lines": [
          27.751309,
          27.292462,
          27.478503,
          27.917946
        ]
      },
      {
        "date": "2023-10-13",
        "close": 27.013762,
        "volume": 105000,
        "typical_volume": 255600.0,
        "trend": 28.404841,
        "fair_value": 28.024606,
        "relative_strength": -8.645215,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.551896,
        "energy": 16.829071,
        "activity_lines": [
          27.47584,
          27.287616,
          27.397824,
          27.824062
        ]
      },
      {
        "date": "2023-10-20",
        "close": 26.658318,
        "volume": 234000,
        "typical_volume": 255100.0,
        "trend": 28.330293,
        "fair_value": 27.974209,
        "relative_strength": -7.649608,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.051002,
        "energy": 25.497614,
        "activity_lines": [
          27.167788,
          27.234299,
          27.292858,
          27.711383
        ]
      },
      {
        "date": "2023-10-27",
        "close": 26.569456,
        "volume": 592000,
        "typical_volume": 267900.0,
        "trend": 28.282528,
        "fair_value": 27.910725,
        "relative_strength": -5.937282,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.766362,
        "energy": 29.288233,
        "activity_lines": [
          26.913053,
          27.153516,
          27.191899,
          27.597781
        ]
      },
      {
        "date": "2023-11-03",
        "close": 26.347303,
        "volume": 118000,
        "typical_volume": 253650.0,
        "trend": 28.180617,
        "fair_value": 27.845567,
        "relative_strength": -8.555763,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.393338,
        "energy": 38.45907,
        "activity_lines": [
          26.649431,
          27.023456,
          27.081058,
          27.472928
        ]
      },
      {
        "date": "2023-11-10",
        "close": 27.013762,
        "volume": 168000,
        "typical_volume": 254950.0,
        "trend": 27.977694,
        "fair_value": 27.789438,
        "relative_strength": -6.919904,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.826472,
        "energy": 36.727993,
        "activity_lines": [
          26.699786,
          26.99599,
          27.043594,
          27.397647
        ]
      },
      {
        "date": "2023-11-17",
        "close": 26.791611,
        "volume": 140000,
        "typical_volume": 249700.0,
        "trend": 27.88776,
        "fair_value": 27.739895,
        "relative_strength": -10.280484,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.650581,
        "energy": 31.305341,
        "activity_lines": [
          26.723483,
          26.907129,
          26.995143,
          27.321125
        ]
      },
      {
        "date": "2023-11-24",
        "close": 27.058193,
        "volume": 182000,
        "typical_volume": 247550.0,
        "trend": 27.758554,
        "fair_value": 27.688556,
        "relative_strength": -9.644434,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.61524,
        "energy": 23.430827,
        "activity_lines": [
          26.85085,
          26.894204,
          26.985623,
          27.267605
        ]
      },
      {
        "date": "2023-12-01",
        "close": 27.147053,
        "volume": 221000,
        "typical_volume": 244850.0,
        "trend": 27.662055,
        "fair_value": 27.639289,
        "relative_strength": -9.989868,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.124399,
        "energy": 13.91704,
        "activity_lines": [
          26.98118,
          26.912784,
          26.992181,
          27.228153
        ]
      },
      {
        "date": "2023-12-08",
        "close": 28.257818,
        "volume": 602000,
        "typical_volume": 266500.0,
        "trend": 27.639408,
        "fair_value": 27.597893,
        "relative_strength": -5.879397,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.948305,
        "energy": 7.034761,
        "activity_lines": [
          27.443258,
          27.140591,
          27.109182,
          27.266589
        ]
      },
      {
        "date": "2023-12-15",
        "close": 29.546303,
        "volume": 2059000,
        "typical_volume": 361300.0,
        "trend": 27.654045,
        "fair_value": 27.568511,
        "relative_strength": -3.031961,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.211983,
        "energy": 40.379632,
        "activity_lines": [
          28.207463,
          27.592975,
          27.346356,
          27.389615
        ]
      },
      {
        "date": "2023-12-22",
        "close": 28.257818,
        "volume": 596000,
        "typical_volume": 380700.0,
        "trend": 27.628565,
        "fair_value": 27.531621,
        "relative_strength": -6.64361,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 25.713914,
        "energy": 41.773393,
        "activity_lines": [
          28.373337,
          27.777968,
          27.452778,
          27.428568
        ]
      },
      {
        "date": "2023-12-29",
        "close": 28.213387,
        "volume": 335000,
        "typical_volume": 384800.0,
        "trend": 27.593106,
        "fair_value": 27.506211,
        "relative_strength": -8.284762,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 25.783801,
        "energy": 42.946659,
        "activity_lines": [
          28.426654,
          27.932263,
          27.553276,
          27.466298
        ]
      },
      {
        "date": "2024-01-05",
        "close": 28.790983,
        "volume": 141000,
        "typical_volume": 380900.0,
        "trend": 27.588231,
        "fair_value": 27.477745,
        "relative_strength": -4.013111,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 30.30391,
        "energy": 44.598888,
        "activity_lines": [
          28.595489,
          28.163302,
          27.698416,
          27.543581
        ]
      },
      {
        "date": "2024-01-12",
        "close": 28.746553,
        "volume": 456000,
        "typical_volume": 397500.0,
        "trend": 27.598873,
        "fair_value": 27.450496,
        "relative_strength": -3.968012,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 54.602495,
        "energy": 33.087919,
        "activity_lines": [
          28.63992,
          28.345871,
          27.826418,
          27.618311
        ]
      },
      {
        "date": "2024-01-19",
        "close": 27.546928,
        "volume": 125000,
        "typical_volume": 395500.0,
        "trend": 27.545447,
        "fair_value": 27.414306,
        "relative_strength": -8.704852,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 36.229936,
        "energy": 20.305495,
        "activity_lines": [
          28.251893,
          28.266703,
          27.823879,
          27.61496
        ]
      },
      {
        "date": "2024-01-26",
        "close": 27.546928,
        "volume": 186000,
        "typical_volume": 374050.0,
        "trend": 27.475839,
        "fair_value": 27.383122,
        "relative_strength": -10.136814,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.796811,
        "energy": 15.217359,
        "activity_lines": [
          27.997158,
          28.177842,
          27.8133,
          27.615055
        ]
      },
      {
        "date": "2024-02-02",
        "close": 27.458067,
        "volume": 98000,
        "typical_volume": 328300.0,
        "trend": 27.435852,
        "fair_value": 27.355373,
        "relative_strength": -10.617418,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 23.716748,
        "energy": 14.839564,
        "activity_lines": [
          27.760195,
          28.059091,
          27.797855,
          27.613909
        ]
      },
      {
        "date": "2024-02-09",
        "close": 27.546928,
        "volume": 15000,
        "typical_volume": 325750.0,
        "trend": 27.416599,
        "fair_value": 27.328695,
        "relative_strength": -10.375707,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.618135,
        "energy": 16.940505,
        "activity_lines": [
          27.603207,
          27.949227,
          27.792989,
          27.621075
        ]
      },
      {
        "date": "2024-02-16",
        "close": 26.88047,
        "volume": 260000,
        "typical_volume": 335800.0,
        "trend": 27.388459,
        "fair_value": 27.298245,
        "relative_strength": -14.735343,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.935022,
        "energy": 16.884648,
        "activity_lines": [
          27.307003,
          27.710917,
          27.724651,
          27.586486
        ]
      },
      {
        "date": "2024-02-23",
        "close": 26.791611,
        "volume": 203000,
        "typical_volume": 341800.0,
        "trend": 27.352915,
        "fair_value": 27.267726,
        "relative_strength": -15.646688,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -21.292014,
        "energy": 19.946658,
        "activity_lines": [
          27.105585,
          27.481494,
          27.651869,
          27.54798
        ]
      },
      {
        "date": "2024-03-01",
        "close": 26.125151,
        "volume": 359000,
        "typical_volume": 354500.0,
        "trend": 27.293674,
        "fair_value": 27.22843,
        "relative_strength": -17.402293,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -29.162662,
        "energy": 35.432096,
        "activity_lines": [
          26.732369,
          27.180982,
          27.520059,
          27.468769
        ]
      },
      {
        "date": "2024-03-08",
        "close": 26.525026,
        "volume": 682000,
        "typical_volume": 376900.0,
        "trend": 27.309966,
        "fair_value": 27.189694,
        "relative_strength": -19.241695,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.530422,
        "energy": 38.838261,
        "activity_lines": [
          26.587229,
          26.991951,
          27.430563,
          27.419179
        ]
      },
      {
        "date": "2024-03-15",
        "close": 25.769707,
        "volume": 198000,
        "typical_volume": 357200.0,
        "trend": 27.299598,
        "fair_value": 27.143112,
        "relative_strength": -20.613419,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.762419,
        "energy": 53.994283,
        "activity_lines": [
          26.252519,
          26.696286,
          27.269767,
          27.319807
        ]
      },
      {
        "date": "2024-03-22",
        "close": 25.858568,
        "volume": 164000,
        "typical_volume": 359500.0,
        "trend": 27.317371,
        "fair_value": 27.083583,
        "relative_strength": -22.000914,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -67.328632,
        "energy": 67.057249,
        "activity_lines": [
          26.065911,
          26.471709,
          27.121242,
          27.226838
        ]
      },
      {
        "date": "2024-03-29",
        "close": 25.94743,
        "volume": 60000,
        "typical_volume": 354100.0,
        "trend": 27.320333,
        "fair_value": 27.04565,
        "relative_strength": -21.539906,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.989139,
        "energy": 66.127195,
        "activity_lines": [
          25.97705,
          26.315799,
          26.983507,
          27.138454
        ]
      },
      {
        "date": "2024-04-05",
        "close": 25.902998,
        "volume": 106000,
        "typical_volume": 352400.0,
        "trend": 27.240358,
        "fair_value": 27.008434,
        "relative_strength": -21.298865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.220081,
        "energy": 65.996022,
        "activity_lines": [
          25.929657,
          26.180891,
          26.846619,
          27.047013
        ]
      },
      {
        "date": "2024-04-12",
        "close": 26.125151,
        "volume": 162000,
        "typical_volume": 351400.0,
        "trend": 27.181117,
        "fair_value": 26.974644,
        "relative_strength": -21.386806,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.356895,
        "energy": 59.22125,
        "activity_lines": [
          25.971125,
          26.116265,
          26.735119,
          26.975064
        ]
      },
      {
        "date": "2024-04-19",
        "close": 25.725277,
        "volume": 199000,
        "typical_volume": 350300.0,
        "trend": 27.120395,
        "fair_value": 26.936539,
        "relative_strength": -17.226806,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.84349,
        "energy": 52.395441,
        "activity_lines": [
          25.905961,
          26.003169,
          26.589979,
          26.881139
        ]
      },
      {
        "date": "2024-04-26",
        "close": 25.991859,
        "volume": 157000,
        "typical_volume": 328050.0,
        "trend": 27.062636,
        "fair_value": 26.902145,
        "relative_strength": -18.14932,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.713047,
        "energy": 40.480199,
        "activity_lines": [
          25.932619,
          25.971664,
          26.476999,
          26.808331
        ]
      },
      {
        "date": "2024-05-03",
        "close": 26.214012,
        "volume": 195000,
        "typical_volume": 234850.0,
        "trend": 27.012281,
        "fair_value": 26.869426,
        "relative_strength": -17.666472,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.830762,
        "energy": 31.761243,
        "activity_lines": [
          26.024442,
          25.996707,
          26.395966,
          26.753581
        ]
      },
      {
        "date": "2024-05-10",
        "close": 26.214012,
        "volume": 157000,
        "typical_volume": 212900.0,
        "trend": 26.985623,
        "fair_value": 26.834203,
        "relative_strength": -18.570629,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.260259,
        "energy": 27.78812,
        "activity_lines": [
          26.098493,
          26.032251,
          26.330801,
          26.702079
        ]
      },
      {
        "date": "2024-05-17",
        "close": 26.080721,
        "volume": 158000,
        "typical_volume": 204050.0,
        "trend": 26.966369,
        "fair_value": 26.80914,
        "relative_strength": -20.516186,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.178686,
        "energy": 24.038324,
        "activity_lines": [
          26.107379,
          26.041945,
          26.262674,
          26.643699
        ]
      },
      {
        "date": "2024-05-24",
        "close": 26.125151,
        "volume": 394000,
        "typical_volume": 216700.0,
        "trend": 26.951559,
        "fair_value": 26.808393,
        "relative_strength": -20.975233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.63222,
        "energy": 20.214697,
        "activity_lines": [
          26.134037,
          26.067795,
          26.208934,
          26.589426
        ]
      },
      {
        "date": "2024-05-31",
        "close": 26.391735,
        "volume": 136000,
        "typical_volume": 200700.0,
        "trend": 26.95304,
        "fair_value": 26.773058,
        "relative_strength": -18.174875,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.920467,
        "energy": 16.85122,
        "activity_lines": [
          26.222899,
          26.135653,
          26.193278,
          26.553309
        ]
      },
      {
        "date": "2024-06-07",
        "close": 26.569456,
        "volume": 264000,
        "typical_volume": 207650.0,
        "trend": 26.93823,
        "fair_value": 26.751379,
        "relative_strength": -19.697225,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -16.619218,
        "energy": 11.577191,
        "activity_lines": [
          26.344342,
          26.22613,
          26.205761,
          26.528561
        ]
      },
      {
        "date": "2024-06-14",
        "close": 26.702747,
        "volume": 191000,
        "typical_volume": 207900.0,
        "trend": 26.935268,
        "fair_value": 26.732556,
        "relative_strength": -21.153755,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.115413,
        "energy": 10.978065,
        "activity_lines": [
          26.486519,
          26.329531,
          26.235593,
          26.513369
        ]
      },
      {
        "date": "2024-06-21",
        "close": 26.667604,
        "volume": 346000,
        "typical_volume": 220300.0,
        "trend": 26.922248,
        "fair_value": 26.711506,
        "relative_strength": -23.255605,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.223211,
        "energy": 13.556806,
        "activity_lines": [
          26.5844,
          26.412003,
          26.266097,
          26.4961
        ]
      },
      {
        "date": "2024-06-28",
        "close": 26.897499,
        "volume": 121000,
        "typical_volume": 225600.0,
        "trend": 26.91393,
        "fair_value": 26.693681,
        "relative_strength": -21.258897,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 3.634113,
        "energy": 16.726066,
        "activity_lines": [
          26.719787,
          26.52641,
          26.322261,
          26.494504
        ]
      },
      {
        "date": "2024-07-05",
        "close": 26.80554,
        "volume": 189000,
        "typical_volume": 222050.0,
        "trend": 26.865521,
        "fair_value": 26.674266,
        "relative_strength": -22.691586,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.067313,
        "energy": 20.769471,
        "activity_lines": [
          26.773031,
          26.602785,
          26.372759,
          26.487511
        ]
      },
      {
        "date": "2024-07-12",
        "close": 26.667604,
        "volume": 404000,
        "typical_volume": 232100.0,
        "trend": 26.769564,
        "fair_value": 26.649961,
        "relative_strength": -23.737801,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.261937,
        "energy": 17.005402,
        "activity_lines": [
          26.752709,
          26.639286,
          26.410478,
          26.474742
        ]
      },
      {
        "date": "2024-07-19",
        "close": 26.48369,
        "volume": 316000,
        "typical_volume": 229950.0,
        "trend": 26.710426,
        "fair_value": 26.623476,
        "relative_strength": -20.301611,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.108732,
        "energy": 10.387176,
        "activity_lines": [
          26.664539,
          26.634101,
          26.431271,
          26.456298
        ]
      },
      {
        "date": "2024-07-26",
        "close": 26.529669,
        "volume": 72000,
        "typical_volume": 199450.0,
        "trend": 26.654303,
        "fair_value": 26.605046,
        "relative_strength": -17.003967,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.421743,
        "energy": 6.820521,
        "activity_lines": [
          26.6063,
          26.632373,
          26.454735,
          26.444637
        ]
      },
      {
        "date": "2024-08-02",
        "close": 26.897499,
        "volume": 193000,
        "typical_volume": 199200.0,
        "trend": 26.591186,
        "fair_value": 26.587595,
        "relative_strength": -13.50632,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.122083,
        "energy": 10.930538,
        "activity_lines": [
          26.679866,
          26.68936,
          26.513209,
          26.460327
        ]
      },
      {
        "date": "2024-08-09",
        "close": 26.253798,
        "volume": 283000,
        "typical_volume": 205150.0,
        "trend": 26.508095,
        "fair_value": 26.570778,
        "relative_strength": -14.516173,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -3.132606,
        "energy": 5.186023,
        "activity_lines": [
          26.538865,
          26.615268,
          26.505008,
          26.43856
        ]
      },
      {
        "date": "2024-08-16",
        "close": 26.575647,
        "volume": 166000,
        "typical_volume": 210450.0,
        "trend": 26.475719,
        "fair_value": 26.557346,
        "relative_strength": -16.423883,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 1.612999,
        "energy": 2.976281,
        "activity_lines": [
          26.54193,
          26.602202,
          26.525577,
          26.442918
        ]
      },
      {
        "date": "2024-08-23",
        "close": 26.621628,
        "volume": 140000,
        "typical_volume": 212150.0,
        "trend": 26.444875,
        "fair_value": 26.556902,
        "relative_strength": -15.172296,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 31.277039,
        "energy": 12.959484,
        "activity_lines": [
          26.566453,
          26.597383,
          26.547534,
          26.452331
        ]
      },
      {
        "date": "2024-08-30",
        "close": 26.437712,
        "volume": 101000,
        "typical_volume": 209100.0,
        "trend": 26.410863,
        "fair_value": 26.563213,
        "relative_strength": -15.755628,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 26.231649,
        "energy": 13.195414,
        "activity_lines": [
          26.520474,
          26.5606,
          26.548553,
          26.451869
        ]
      },
      {
        "date": "2024-09-06",
        "close": 25.885969,
        "volume": 192000,
        "typical_volume": 208750.0,
        "trend": 26.355498,
        "fair_value": 26.554351,
        "relative_strength": -13.720209,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -18.439374,
        "energy": 14.321241,
        "activity_lines": [
          26.296711,
          26.427681,
          26.495536,
          26.418005
        ]
      },
      {
        "date": "2024-09-13",
        "close": 25.977926,
        "volume": 53000,
        "typical_volume": 203550.0,
        "trend": 26.325413,
        "fair_value": 26.541583,
        "relative_strength": -14.168084,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -18.659901,
        "energy": 26.198843,
        "activity_lines": [
          26.171036,
          26.329871,
          26.450512,
          26.393646
        ]
      },
      {
        "date": "2024-09-20",
        "close": 26.299776,
        "volume": 58000,
        "typical_volume": 196700.0,
        "trend": 26.309019,
        "fair_value": 26.5322,
        "relative_strength": -14.080086,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -10.708568,
        "energy": 21.407798,
        "activity_lines": [
          26.171036,
          26.305628,
          26.436207,
          26.391992
        ]
      },
      {
        "date": "2024-09-27",
        "close": 26.575647,
        "volume": 110000,
        "typical_volume": 194350.0,
        "trend": 26.324035,
        "fair_value": 26.526437,
        "relative_strength": -15.074721,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -2.842283,
        "energy": 11.07544,
        "activity_lines": [
          26.281384,
          26.338231,
          26.447767,
          26.409193
        ]
      },
      {
        "date": "2024-10-04",
        "close": 26.437712,
        "volume": 50000,
        "typical_volume": 188950.0,
        "trend": 26.321125,
        "fair_value": 26.521377,
        "relative_strength": -12.943712,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 22.087549,
        "energy": 9.610261,
        "activity_lines": [
          26.34882,
          26.344083,
          26.444468,
          26.416527
        ]
      },
      {
        "date": "2024-10-11",
        "close": 26.48369,
        "volume": 44000,
        "typical_volume": 171450.0,
        "trend": 26.344924,
        "fair_value": 26.520313,
        "relative_strength": -14.525878,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 28.793978,
        "energy": 14.100127,
        "activity_lines": [
          26.431581,
          26.359966,
          26.443848,
          26.427016
        ]
      },
      {
        "date": "2024-10-18",
        "close": 26.575647,
        "volume": 152000,
        "typical_volume": 172250.0,
        "trend": 26.368827,
        "fair_value": 26.520103,
        "relative_strength": -15.781132,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 34.203856,
        "energy": 17.795347,
        "activity_lines": [
          26.505147,
          26.400093,
          26.450278,
          26.441901
        ]
      },
      {
        "date": "2024-10-25",
        "close": 26.529669,
        "volume": 76000,
        "typical_volume": 162850.0,
        "trend": 26.388235,
        "fair_value": 26.52145,
        "relative_strength": -14.804448,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 25.761237,
        "energy": 13.679106,
        "activity_lines": [
          26.523538,
          26.426008,
          26.451454,
          26.452278
        ]
      },
      {
        "date": "2024-11-01",
        "close": 26.48369,
        "volume": 53000,
        "typical_volume": 155950.0,
        "trend": 26.407591,
        "fair_value": 26.522237,
        "relative_strength": -12.281852,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 25.398324,
        "energy": 12.754051,
        "activity_lines": [
          26.511277,
          26.444399,
          26.44844,
          26.458436
        ]
      },
      {
        "date": "2024-11-08",
        "close": 26.391735,
        "volume": 86000,
        "typical_volume": 142950.0,
        "trend": 26.416477,
        "fair_value": 26.520584,
        "relative_strength": -14.841882,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 29.259006,
        "energy": 12.317348,
        "activity_lines": [
          26.474495,
          26.44858,
          26.437712,
          26.457413
        ]
      },
      {
        "date": "2024-11-15",
        "close": 25.748034,
        "volume": 83000,
        "typical_volume": 141050.0,
        "trend": 26.417236,
        "fair_value": 26.512689,
        "relative_strength": -13.418387,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -55.55193,
        "energy": 33.087986,
        "activity_lines": [
          26.226211,
          26.336559,
          26.366993,
          26.414288
        ]
      },
      {
        "date": "2024-11-22",
        "close": 25.760855,
        "volume": 33074,
        "typical_volume": 133253.7,
        "trend": 26.409536,
        "fair_value": 26.508579,
        "relative_strength": -13.425426,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -56.871228,
        "energy": 47.902754,
        "activity_lines": [
          26.031244,
          26.229378,
          26.302968,
          26.371941
        ]
      },
      {
        "date": "2024-11-29",
        "close": 25.472162,
        "volume": 57000,
        "typical_volume": 115903.7,
        "trend": 26.384807,
        "fair_value": 26.503676,
        "relative_strength": -11.386511,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.352545,
        "energy": 62.993103,
        "activity_lines": [
          25.794366,
          26.073654,
          26.216423,
          26.311465
        ]
      },
      {
        "date": "2024-12-06",
        "close": 25.564117,
        "volume": 32000,
        "typical_volume": 101703.7,
        "trend": 26.363144,
        "fair_value": 26.500419,
        "relative_strength": -13.965071,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.443559,
        "energy": 68.161982,
        "activity_lines": [
          25.65864,
          25.949696,
          26.144329,
          26.258517
        ]
      },
      {
        "date": "2024-12-13",
        "close": 25.380205,
        "volume": 148000,
        "typical_volume": 105503.7,
        "trend": 26.339794,
        "fair_value": 26.497042,
        "relative_strength": -13.201217,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.101882,
        "energy": 69.287029,
        "activity_lines": [
          25.522915,
          25.810691,
          26.059098,
          26.195102
        ]
      },
      {
        "date": "2024-12-20",
        "close": 25.012377,
        "volume": 34000,
        "typical_volume": 97553.7,
        "trend": 26.302701,
        "fair_value": 26.491572,
        "relative_strength": -11.860083,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.813916,
        "energy": 79.178889,
        "activity_lines": [
          25.332016,
          25.624036,
          25.94431,
          26.109462
        ]
      },
      {
        "date": "2024-12-27",
        "close": 25.012377,
        "volume": 38000,
        "typical_volume": 85303.7,
        "trend": 26.256723,
        "fair_value": 26.48901,
        "relative_strength": -14.104974,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.335508,
        "energy": 78.997248,
        "activity_lines": [
          25.19016,
          25.464132,
          25.838498,
          26.026215
        ]
      },
      {
        "date": "2025-01-03",
        "close": 24.920418,
        "volume": 49000,
        "typical_volume": 79453.7,
        "trend": 26.201755,
        "fair_value": 26.483743,
        "relative_strength": -12.299394,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.845023,
        "energy": 77.308759,
        "activity_lines": [
          25.06755,
          25.315931,
          25.72984,
          25.940002
        ]
      },
      {
        "date": "2025-01-10",
        "close": 24.644547,
        "volume": 57000,
        "typical_volume": 75303.7,
        "trend": 26.133148,
        "fair_value": 26.47803,
        "relative_strength": -12.890063,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.545364,
        "energy": 75.596445,
        "activity_lines": [
          24.889766,
          25.146831,
          25.60279,
          25.839537
        ]
      },
      {
        "date": "2025-01-17",
        "close": 25.288246,
        "volume": 39000,
        "typical_volume": 72203.7,
        "trend": 26.08717,
        "fair_value": 26.477236,
        "relative_strength": -10.489062,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.218076,
        "energy": 48.949591,
        "activity_lines": [
          24.987854,
          25.128206,
          25.54646,
          25.785027
        ]
      },
      {
        "date": "2025-01-24",
        "close": 25.012377,
        "volume": 21000,
        "typical_volume": 63653.7,
        "trend": 26.024332,
        "fair_value": 26.474675,
        "relative_strength": -12.238947,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.065381,
        "energy": 43.944628,
        "activity_lines": [
          25.000115,
          25.079487,
          25.46933,
          25.715686
        ]
      },
      {
        "date": "2025-02-07",
        "close": 25.931948,
        "volume": 32788,
        "typical_volume": 62643.1,
        "trend": 25.995212,
        "fair_value": 26.478801,
        "relative_strength": -8.22389,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.472726,
        "energy": 20.709165,
        "activity_lines": [
          25.3189,
          25.211338,
          25.483939,
          25.709725
        ]
      },
      {
        "date": "2025-02-14",
        "close": 26.023905,
        "volume": 49360,
        "typical_volume": 62211.1,
        "trend": 25.973756,
        "fair_value": 26.48431,
        "relative_strength": -6.004808,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -16.059066,
        "energy": 17.788872,
        "activity_lines": [
          25.607032,
          25.356797,
          25.507524,
          25.711577
        ]
      },
      {
        "date": "2025-02-21",
        "close": 26.023905,
        "volume": 61457,
        "typical_volume": 59783.95,
        "trend": 25.95843,
        "fair_value": 26.488232,
        "relative_strength": -7.776763,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.031575,
        "energy": 20.199036,
        "activity_lines": [
          25.821599,
          25.492225,
          25.532422,
          25.714812
        ]
      },
      {
        "date": "2025-02-28",
        "close": 26.667604,
        "volume": 128682,
        "typical_volume": 63718.05,
        "trend": 25.963027,
        "fair_value": 26.493901,
        "relative_strength": -2.306786,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 36.370969,
        "energy": 37.500235,
        "activity_lines": [
          26.158775,
          25.73633,
          25.621253,
          25.760565
        ]
      },
      {
        "date": "2025-03-07",
        "close": 26.713583,
        "volume": 97722,
        "typical_volume": 66404.15,
        "trend": 25.956897,
        "fair_value": 26.500922,
        "relative_strength": 0.249553,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 35.331933,
        "energy": 52.938682,
        "activity_lines": [
          26.41932,
          25.965386,
          25.713368,
          25.808988
        ]
      },
      {
        "date": "2025-03-14",
        "close": 26.48369,
        "volume": 72245,
        "typical_volume": 62416.4,
        "trend": 25.96456,
        "fair_value": 26.508585,
        "relative_strength": 2.362889,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 25.529516,
        "energy": 52.036263,
        "activity_lines": [
          26.489821,
          26.121713,
          25.782494,
          25.842975
        ]
      },
      {
        "date": "2025-03-21",
        "close": 26.48369,
        "volume": 101632,
        "typical_volume": 63698.0,
        "trend": 25.961495,
        "fair_value": 26.51995,
        "relative_strength": 1.445358,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 23.434415,
        "energy": 46.606398,
        "activity_lines": [
          26.523538,
          26.251289,
          25.852058,
          25.876467
        ]
      },
      {
        "date": "2025-03-28",
        "close": 26.575647,
        "volume": 230861,
        "typical_volume": 72591.05,
        "trend": 25.959962,
        "fair_value": 26.533756,
        "relative_strength": 4.736673,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.707399,
        "energy": 28.580475,
        "activity_lines": [
          26.557256,
          26.369162,
          25.930598,
          25.91609
        ]
      },
      {
        "date": "2025-04-04",
        "close": 25.977926,
        "volume": 76747,
        "typical_volume": 72128.4,
        "trend": 25.944636,
        "fair_value": 26.545053,
        "relative_strength": 3.945678,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.827659,
        "energy": 17.440492,
        "activity_lines": [
          26.35495,
          26.343247,
          25.951775,
          25.917249
        ]
      },
      {
        "date": "2025-04-11",
        "close": 22.483551,
        "volume": 161246,
        "typical_volume": 76040.7,
        "trend": 25.831222,
        "fair_value": 26.527867,
        "relative_strength": -1.687898,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.26268,
        "energy": 38.48947,
        "activity_lines": [
          25.033831,
          25.669451,
          25.642124,
          25.693953
        ]
      },
      {
        "date": "2025-04-18",
        "close": 23.081272,
        "volume": 72006,
        "typical_volume": 77987.3,
        "trend": 25.734667,
        "fair_value": 26.518215,
        "relative_strength": 1.738264,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.476052,
        "energy": 55.101002,
        "activity_lines": [
          24.193955,
          25.15031,
          25.404945,
          25.516537
        ]
      },
      {
        "date": "2025-04-25",
        "close": 23.633017,
        "volume": 20071,
        "typical_volume": 76140.85,
        "trend": 25.645775,
        "fair_value": 26.512629,
        "relative_strength": 1.880934,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.921534,
        "energy": 69.150199,
        "activity_lines": [
          23.764822,
          24.783317,
          25.233072,
          25.380947
        ]
      },
      {
        "date": "2025-05-02",
        "close": 25.977926,
        "volume": 138315,
        "typical_volume": 81456.6,
        "trend": 25.625851,
        "fair_value": 26.52419,
        "relative_strength": 7.135179,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.182117,
        "energy": 51.321274,
        "activity_lines": [
          24.307369,
          24.886142,
          25.293282,
          25.402376
        ]
      },
      {
        "date": "2025-05-09",
        "close": 25.839991,
        "volume": 39668,
        "typical_volume": 76040.0,
        "trend": 25.605927,
        "fair_value": 26.53804,
        "relative_strength": 6.01146,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.504976,
        "energy": 24.535861,
        "activity_lines": [
          24.843787,
          24.964724,
          25.338385,
          25.416191
        ]
      },
      {
        "date": "2025-05-16",
        "close": 26.069883,
        "volume": 45045,
        "typical_volume": 76592.25,
        "trend": 25.592133,
        "fair_value": 26.540671,
        "relative_strength": 2.530037,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -16.89153,
        "energy": 13.486012,
        "activity_lines": [
          25.466031,
          25.100152,
          25.403193,
          25.446124
        ]
      },
      {
        "date": "2025-05-23",
        "close": 26.023905,
        "volume": 42005,
        "typical_volume": 76792.5,
        "trend": 25.573742,
        "fair_value": 26.557815,
        "relative_strength": 3.296737,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 3.186516,
        "energy": 16.617805,
        "activity_lines": [
          25.83386,
          25.238924,
          25.458586,
          25.47398
        ]
      },
      {
        "date": "2025-05-30",
        "close": 26.575647,
        "volume": 24202,
        "typical_volume": 75552.6,
        "trend": 25.575274,
        "fair_value": 26.575852,
        "relative_strength": 6.934446,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.42043,
        "energy": 23.611388,
        "activity_lines": [
          26.189427,
          25.486373,
          25.56171,
          25.538619
        ]
      },
      {
        "date": "2025-06-06",
        "close": 25.748034,
        "volume": 39389,
        "typical_volume": 74672.05,
        "trend": 25.550752,
        "fair_value": 26.562139,
        "relative_strength": 2.202925,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.957588,
        "energy": 20.168396,
        "activity_lines": [
          26.072949,
          25.581674,
          25.578131,
          25.549765
        ]
      },
      {
        "date": "2025-06-13",
        "close": 25.656075,
        "volume": 160528,
        "typical_volume": 80748.45,
        "trend": 25.52623,
        "fair_value": 26.545193,
        "relative_strength": 0.023708,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 46.520982,
        "energy": 23.91432,
        "activity_lines": [
          25.941143,
          25.675303,
          25.580539,
          25.55656
        ]
      },
      {
        "date": "2025-06-20",
        "close": 27.173368,
        "volume": 645355,
        "typical_volume": 111966.2,
        "trend": 25.573742,
        "fair_value": 26.539559,
        "relative_strength": 5.98906,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 60.4036,
        "energy": 31.576157,
        "activity_lines": [
          26.327363,
          26.050655,
          25.7257,
          25.662827
        ]
      },
      {
        "date": "2025-06-27",
        "close": 26.989456,
        "volume": 477428,
        "typical_volume": 134198.2,
        "trend": 25.614695,
        "fair_value": 26.55258,
        "relative_strength": 2.698262,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 57.010935,
        "energy": 33.365945,
        "activity_lines": [
          26.578713,
          26.3073,
          25.843055,
          25.754163
        ]
      },
      {
        "date": "2025-07-04",
        "close": 27.127392,
        "volume": 232400,
        "typical_volume": 143350.2,
        "trend": 25.669869,
        "fair_value": 26.572567,
        "relative_strength": 3.312015,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.099469,
        "energy": 45.89524,
        "activity_lines": [
          26.811671,
          26.517966,
          25.968511,
          25.851757
        ]
      },
      {
        "date": "2025-07-11",
        "close": 26.621628,
        "volume": 101400,
        "typical_volume": 145347.35,
        "trend": 25.70512,
        "fair_value": 26.594336,
        "relative_strength": 0.425458,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.026921,
        "energy": 54.399521,
        "activity_lines": [
          26.839259,
          26.57314,
          26.040544,
          25.91316
        ]
      },
      {
        "date": "2025-07-18",
        "close": 26.759563,
        "volume": 110002,
        "typical_volume": 144413.35,
        "trend": 25.751098,
        "fair_value": 26.626245,
        "relative_strength": -1.830624,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.688877,
        "energy": 47.760807,
        "activity_lines": [
          26.854586,
          26.64169,
          26.122868,
          25.981189
        ]
      },
      {
        "date": "2025-07-25",
        "close": 23.249056,
        "volume": 1789022,
        "typical_volume": 228978.35,
        "trend": 25.692321,
        "fair_value": 26.634454,
        "relative_strength": -14.410602,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": -16.168632,
        "energy": 13.367423,
        "activity_lines": [
          25.626177,
          26.055247,
          25.87042,
          25.819767
        ]
      },
      {
        "date": "2025-08-01",
        "close": 23.153774,
        "volume": 267508,
        "typical_volume": 238741.5,
        "trend": 25.630367,
        "fair_value": 26.640145,
        "relative_strength": -14.717816,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": -43.623026,
        "energy": 43.296321,
        "activity_lines": [
          24.627629,
          25.502767,
          25.625395,
          25.65599
        ]
      },
      {
        "date": "2025-08-08",
        "close": 23.106133,
        "volume": 127250,
        "typical_volume": 240022.4,
        "trend": 25.569891,
        "fair_value": 26.639539,
        "relative_strength": -16.583282,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "down",
        "direction": -71.295071,
        "energy": 71.08314,
        "activity_lines": [
          23.868912,
          24.99381,
          25.39169,
          25.493136
        ]
      },
      {
        "date": "2025-08-15",
        "close": 21.772171,
        "volume": 315367,
        "typical_volume": 244247.7,
        "trend": 25.474145,
        "fair_value": 26.628747,
        "relative_strength": -21.983833,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.398075,
        "energy": 86.025823,
        "activity_lines": [
          22.933626,
          24.305396,
          25.047024,
          25.248122
        ]
      },
      {
        "date": "2025-08-22",
        "close": 21.915094,
        "volume": 82645,
        "typical_volume": 244542.6,
        "trend": 25.361707,
        "fair_value": 26.605796,
        "relative_strength": -19.226593,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.889331,
        "energy": 86.587508,
        "activity_lines": [
          22.369277,
          23.715256,
          24.738843,
          25.018505
        ]
      },
      {
        "date": "2025-08-29",
        "close": 21.581604,
        "volume": 244029,
        "typical_volume": 248681.75,
        "trend": 25.247348,
        "fair_value": 26.58207,
        "relative_strength": -21.583406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.886408,
        "energy": 86.987855,
        "activity_lines": [
          22.01673,
          23.1325,
          24.418249,
          24.774628
        ]
      },
      {
        "date": "2025-09-05",
        "close": 21.533962,
        "volume": 227298,
        "typical_volume": 256446.35,
        "trend": 25.100748,
        "fair_value": 26.555859,
        "relative_strength": -22.185788,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.635304,
        "energy": 86.138616,
        "activity_lines": [
          21.759466,
          22.64275,
          24.097412,
          24.535055
        ]
      },
      {
        "date": "2025-09-12",
        "close": 21.009905,
        "volume": 144525,
        "typical_volume": 262669.05,
        "trend": 24.933615,
        "fair_value": 26.527106,
        "relative_strength": -26.521408,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.096043,
        "energy": 84.880304,
        "activity_lines": [
          21.435503,
          22.156907,
          23.734033,
          24.271129
        ]
      },
      {
        "date": "2025-09-19",
        "close": 21.15283,
        "volume": 216286,
        "typical_volume": 266567.6,
        "trend": 24.771246,
        "fair_value": 26.498453,
        "relative_strength": -25.8555,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.864607,
        "energy": 75.746505,
        "activity_lines": [
          21.298931,
          21.808278,
          23.396757,
          24.027208
        ]
      },
      {
        "date": "2025-09-26",
        "close": 21.009905,
        "volume": 121578,
        "typical_volume": 270663.1,
        "trend": 24.582656,
        "fair_value": 26.459077,
        "relative_strength": -25.895081,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.59072,
        "energy": 71.360999,
        "activity_lines": [
          21.156006,
          21.533096,
          23.068846,
          23.78454
        ]
      },
      {
        "date": "2025-10-03",
        "close": 20.81934,
        "volume": 147916,
        "typical_volume": 275806.65,
        "trend": 24.386181,
        "fair_value": 26.430464,
        "relative_strength": -29.333342,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.043099,
        "energy": 63.435588,
        "activity_lines": [
          21.009905,
          21.327804,
          22.745786,
          23.541746
        ]
      },
      {
        "date": "2025-10-10",
        "close": 20.914623,
        "volume": 143038,
        "typical_volume": 280858.3,
        "trend": 24.200546,
        "fair_value": 26.399466,
        "relative_strength": -29.902773,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.007401,
        "energy": 59.622035,
        "activity_lines": [
          20.946384,
          21.184014,
          22.456803,
          23.317774
        ]
      },
      {
        "date": "2025-10-17",
        "close": 20.390566,
        "volume": 351412,
        "typical_volume": 297218.8,
        "trend": 23.997441,
        "fair_value": 26.355848,
        "relative_strength": -31.164209,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.55368,
        "energy": 61.67432,
        "activity_lines": [
          20.749465,
          20.985652,
          22.14224,
          23.071969
        ]
      },
      {
        "date": "2025-10-24",
        "close": 20.057076,
        "volume": 270018,
        "typical_volume": 308750.25,
        "trend": 23.780156,
        "fair_value": 26.320987,
        "relative_strength": -32.372326,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.217829,
        "energy": 87.831229,
        "activity_lines": [
          20.482673,
          20.776029,
          21.825369,
          22.817752
        ]
      },
      {
        "date": "2025-10-31",
        "close": 19.675943,
        "volume": 286734,
        "typical_volume": 315060.55,
        "trend": 23.57009,
        "fair_value": 26.289948,
        "relative_strength": -34.793395,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.682267,
        "energy": 90.96262,
        "activity_lines": [
          20.161887,
          20.528293,
          21.499299,
          22.552964
        ]
      },
      {
        "date": "2025-11-07",
        "close": 19.533018,
        "volume": 108384,
        "typical_volume": 288212.0,
        "trend": 23.471739,
        "fair_value": 26.261806,
        "relative_strength": -33.357694,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.584303,
        "energy": 90.817585,
        "activity_lines": [
          19.88239,
          20.295283,
          21.188094,
          22.292508
        ]
      },
      {
        "date": "2025-11-14",
        "close": 19.342453,
        "volume": 105499,
        "typical_volume": 269615.55,
        "trend": 23.347111,
        "fair_value": 26.225633,
        "relative_strength": -32.891624,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.386912,
        "energy": 90.968349,
        "activity_lines": [
          19.625126,
          20.064871,
          20.895123,
          22.026102
        ]
      },
      {
        "date": "2025-11-21",
        "close": 19.390095,
        "volume": 76032,
        "typical_volume": 261797.15,
        "trend": 23.205681,
        "fair_value": 26.189493,
        "relative_strength": -29.764925,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.349253,
        "energy": 79.294725,
        "activity_lines": [
          19.488554,
          19.882967,
          20.643103,
          21.770811
        ]
      },
      {
        "date": "2025-11-28",
        "close": 19.771227,
        "volume": 62682,
        "typical_volume": 259861.25,
        "trend": 22.998791,
        "fair_value": 26.156341,
        "relative_strength": -30.953109,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.089244,
        "energy": 65.691256,
        "activity_lines": [
          19.545724,
          19.799811,
          20.464226,
          21.549233
        ]
      },
      {
        "date": "2025-12-05",
        "close": 20.009434,
        "volume": 134782,
        "typical_volume": 261100.25,
        "trend": 22.804439,
        "fair_value": 26.123626,
        "relative_strength": -30.452668,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.59004,
        "energy": 59.650346,
        "activity_lines": [
          19.701352,
          19.785086,
          20.340656,
          21.356372
        ]
      },
      {
        "date": "2025-12-12",
        "close": 19.86651,
        "volume": 76745,
        "typical_volume": 175486.4,
        "trend": 22.59766,
        "fair_value": 26.082641,
        "relative_strength": -30.967684,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.393568,
        "energy": 47.167617,
        "activity_lines": [
          19.787107,
          19.762565,
          20.235618,
          21.166828
        ]
      },
      {
        "date": "2025-12-19",
        "close": 20.533489,
        "volume": 169269,
        "typical_volume": 170574.45,
        "trend": 22.414646,
        "fair_value": 26.041845,
        "relative_strength": -26.859991,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.040478,
        "energy": 32.904319,
        "activity_lines": [
          20.072956,
          19.878636,
          20.210209,
          21.033656
        ]
      },
      {
        "date": "2025-12-26",
        "close": 20.390566,
        "volume": 45452,
        "typical_volume": 166484.55,
        "trend": 22.208476,
        "fair_value": 26.00422,
        "relative_strength": -29.020873,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.099524,
        "energy": 23.681368,
        "activity_lines": [
          20.231761,
          19.975652,
          20.183666,
          20.90307
        ]
      },
      {
        "date": "2026-01-02",
        "close": 19.390095,
        "volume": 77592,
        "typical_volume": 154595.8,
        "trend": 21.996545,
        "fair_value": 25.962904,
        "relative_strength": -33.805178,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.456825,
        "energy": 31.612439,
        "activity_lines": [
          19.990377,
          19.890763,
          20.074771,
          20.721239
        ]
      },
      {
        "date": "2026-01-09",
        "close": 19.056604,
        "volume": 327403,
        "typical_volume": 166833.7,
        "trend": 21.776563,
        "fair_value": 25.919723,
        "relative_strength": -36.398723,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.179527,
        "energy": 40.952781,
        "activity_lines": [
          19.663239,
          19.757367,
          19.945458,
          20.531565
        ]
      },
      {
        "date": "2026-01-16",
        "close": 22.296227,
        "volume": 1972453,
        "typical_volume": 253254.9,
        "trend": 21.613991,
        "fair_value": 25.897854,
        "relative_strength": -27.732112,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 6.659993,
        "energy": 7.063025,
        "activity_lines": [
          20.479497,
          20.224254,
          20.138293,
          20.565092
        ]
      },
      {
        "date": "2026-01-23",
        "close": 22.153301,
        "volume": 259128,
        "typical_volume": 254846.4,
        "trend": 21.452786,
        "fair_value": 25.878065,
        "relative_strength": -28.881312,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 10.453392,
        "energy": 17.678451,
        "activity_lines": [
          21.086132,
          20.614914,
          20.314113,
          20.599886
        ]
      },
      {
        "date": "2026-01-30",
        "close": 21.15283,
        "volume": 123729,
        "typical_volume": 253806.6,
        "trend": 21.253634,
        "fair_value": 25.852135,
        "relative_strength": -31.766395,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.701963,
        "energy": 20.816761,
        "activity_lines": [
          21.251289,
          20.772564,
          20.3917,
          20.580534
        ]
      },
      {
        "date": "2026-02-06",
        "close": 20.914623,
        "volume": 235001,
        "typical_volume": 254742.35,
        "trend": 21.063401,
        "fair_value": 25.821137,
        "relative_strength": -31.328858,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.955403,
        "energy": 27.09451,
        "activity_lines": [
          21.286226,
          20.854854,
          20.445921,
          20.558662
        ]
      },
      {
        "date": "2026-02-13",
        "close": 20.914623,
        "volume": 111104,
        "typical_volume": 254218.65,
        "trend": 20.868569,
        "fair_value": 25.790139,
        "relative_strength": -34.393111,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.019755,
        "energy": 26.74657,
        "activity_lines": [
          21.219528,
          20.916355,
          20.501276,
          20.549064
        ]
      },
      {
        "date": "2026-02-27",
        "close": 20.009434,
        "volume": 253348,
        "typical_volume": 259490.25,
        "trend": 20.760582,
        "fair_value": 25.753339,
        "relative_strength": -39.789462,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -12.496382,
        "energy": 7.256378,
        "activity_lines": [
          20.727233,
          20.796818,
          20.470876,
          20.493636
        ]
      },
      {
        "date": "2026-03-06",
        "close": 19.390095,
        "volume": 165110,
        "typical_volume": 260593.85,
        "trend": 20.635126,
        "fair_value": 25.670348,
        "relative_strength": -37.76201,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.923899,
        "energy": 26.641791,
        "activity_lines": [
          20.180944,
          20.562076,
          20.385348,
          20.405217
        ]
      },
      {
        "date": "2026-03-13",
        "close": 20.485849,
        "volume": 137161,
        "typical_volume": 249881.3,
        "trend": 20.547783,
        "fair_value": 25.605822,
        "relative_strength": -33.061449,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.157676,
        "energy": 19.428115,
        "activity_lines": [
          20.18412,
          20.54735,
          20.411438,
          20.395586
        ]
      },
      {
        "date": "2026-03-20",
        "close": 20.247643,
        "volume": 108123,
        "typical_volume": 241786.55,
        "trend": 20.496965,
        "fair_value": 25.54903,
        "relative_strength": -33.280044,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.929389,
        "energy": 20.123008,
        "activity_lines": [
          20.152359,
          20.487582,
          20.414387,
          20.376223
        ]
      },
      {
        "date": "2026-03-27",
        "close": 20.247643,
        "volume": 131140,
        "typical_volume": 234006.85,
        "trend": 20.441384,
        "fair_value": 25.493328,
        "relative_strength": -31.565872,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.819843,
        "energy": 19.401377,
        "activity_lines": [
          20.165064,
          20.412222,
          20.416429,
          20.360137
        ]
      },
      {
        "date": "2026-04-03",
        "close": 20.200001,
        "volume": 101320,
        "typical_volume": 233653.65,
        "trend": 20.39533,
        "fair_value": 25.437592,
        "relative_strength": -29.671332,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -15.308236,
        "energy": 8.018752,
        "activity_lines": [
          20.206353,
          20.306544,
          20.411211,
          20.344564
        ]
      },
      {
        "date": "2026-04-10",
        "close": 19.437737,
        "volume": 69121,
        "typical_volume": 231834.75,
        "trend": 20.325456,
        "fair_value": 25.382691,
        "relative_strength": -36.837936,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -27.50588,
        "energy": 16.277994,
        "activity_lines": [
          19.98085,
          20.100387,
          20.330221,
          20.282784
        ]
      },
      {
        "date": "2026-04-17",
        "close": 19.723585,
        "volume": 153326,
        "typical_volume": 235699.45,
        "trend": 20.282579,
        "fair_value": 25.320632,
        "relative_strength": -37.4719,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.17084,
        "energy": 25.574714,
        "activity_lines": [
          19.847454,
          19.995575,
          20.276,
          20.243954
        ]
      },
      {
        "date": "2026-04-24",
        "close": 19.342453,
        "volume": 178652,
        "typical_volume": 241497.95,
        "trend": 20.222233,
        "fair_value": 25.232434,
        "relative_strength": -41.115998,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.682367,
        "energy": 42.721414,
        "activity_lines": [
          19.637831,
          19.847454,
          20.183893,
          20.1833
        ]
      },
      {
        "date": "2026-05-01",
        "close": 19.056604,
        "volume": 92380,
        "typical_volume": 239377.85,
        "trend": 20.157123,
        "fair_value": 25.165555,
        "relative_strength": -41.037316,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.046577,
        "energy": 56.801794,
        "activity_lines": [
          19.393271,
          19.675944,
          20.066604,
          20.108098
        ]
      },
      {
        "date": "2026-05-08",
        "close": 19.008963,
        "volume": 186737,
        "typical_volume": 244877.45,
        "trend": 20.096777,
        "fair_value": 25.08911,
        "relative_strength": -43.940238,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.860824,
        "energy": 58.531484,
        "activity_lines": [
          19.212233,
          19.529555,
          19.949315,
          20.034024
        ]
      },
      {
        "date": "2026-05-15",
        "close": 20.533489,
        "volume": 392766,
        "typical_volume": 256052.3,
        "trend": 20.084073,
        "fair_value": 25.028158,
        "relative_strength": -37.726911,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.36622,
        "energy": 29.68871,
        "activity_lines": [
          19.618773,
          19.678542,
          19.981303,
          20.062198
        ]
      },
      {
        "date": "2026-05-22",
        "close": 19.58066,
        "volume": 113382,
        "typical_volume": 259448.8,
        "trend": 20.057076,
        "fair_value": 24.96818,
        "relative_strength": -41.123484,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.33014,
        "energy": 22.341122,
        "activity_lines": [
          19.634654,
          19.633499,
          19.922545,
          20.02972
        ]
      },
      {
        "date": "2026-05-29",
        "close": 20.247643,
        "volume": 376089,
        "typical_volume": 274373.65,
        "trend": 20.063428,
        "fair_value": 24.911388,
        "relative_strength": -41.399657,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -26.996936,
        "energy": 14.324178,
        "activity_lines": [
          19.88239,
          19.726184,
          19.931166,
          20.042015
        ]
      },
      {
        "date": "2026-06-05",
        "close": 19.86651,
        "volume": 209681,
        "typical_volume": 268487.55,
        "trend": 20.06978,
        "fair_value": 24.852698,
        "relative_strength": -41.768071,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.344143,
        "energy": 18.033637,
        "activity_lines": [
          19.942736,
          19.749571,
          19.899405,
          20.029311
        ]
      },
      {
        "date": "2026-06-12",
        "close": 19.58066,
        "volume": 178082,
        "typical_volume": 178769.0,
        "trend": 20.071368,
        "fair_value": 24.790541,
        "relative_strength": -40.303511,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.328612,
        "energy": 15.20617,
        "activity_lines": [
          19.853805,
          19.727916,
          19.836564,
          19.997754
        ]
      },
      {
        "date": "2026-06-19",
        "close": 19.437737,
        "volume": 100433,
        "typical_volume": 170834.25,
        "trend": 20.074544,
        "fair_value": 24.729647,
        "relative_strength": -42.561056,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.008803,
        "energy": 20.626381,
        "activity_lines": [
          19.67912,
          19.691535,
          19.773042,
          19.956875
        ]
      },
      {
        "date": "2026-06-26",
        "close": 19.628302,
        "volume": 146140,
        "typical_volume": 171954.8,
        "trend": 20.082485,
        "fair_value": 24.673243,
        "relative_strength": -38.24209,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.638039,
        "energy": 27.621708,
        "activity_lines": [
          19.641007,
          19.689803,
          19.7406,
          19.928085
        ]
      },
      {
        "date": "2026-07-03",
        "close": 20.628773,
        "volume": 341705,
        "typical_volume": 177290.0,
        "trend": 20.111069,
        "fair_value": 24.618621,
        "relative_strength": -36.87476,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.267509,
        "energy": 2.769634,
        "activity_lines": [
          19.933208,
          19.871707,
          19.810701,
          19.96333
        ]
      },
      {
        "date": "2026-07-10",
        "close": 20.299999,
        "volume": 150417,
        "typical_volume": 179255.65,
        "trend": 20.120755,
        "fair_value": 24.558781,
        "relative_strength": -34.56675,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.789961,
        "energy": 9.835619,
        "activity_lines": [
          20.090408,
          19.970446,
          19.850851,
          19.975519
        ]
      },
      {
        "date": "2026-07-17",
        "close": 19.65,
        "volume": 244134,
        "typical_volume": 178794.95,
        "trend": 20.113538,
        "fair_value": 24.501039,
        "relative_strength": -31.308519,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.613346,
        "energy": 14.569544,
        "activity_lines": [
          20.002044,
          19.928396,
          19.832024,
          19.945147
        ]
      },
      {
        "date": "2026-07-24",
        "close": 19.6,
        "volume": 54020,
        "typical_volume": 173240.45,
        "trend": 20.082422,
        "fair_value": 24.446395,
        "relative_strength": -31.663796,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.171735,
        "energy": 13.771229,
        "activity_lines": [
          19.89239,
          19.8656,
          19.810146,
          19.912016
        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.5,
        "volume": 104313,
        "typical_volume": 171598.05,
        "trend": 20.052736,
        "fair_value": 24.393673,
        "relative_strength": -30.057462,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -39.231301,
        "energy": 18.585053,
        "activity_lines": [
          19.738585,
          19.801595,
          19.777745,
          19.87444
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.6,
        "volume": 39548,
        "typical_volume": 168169.3,
        "trend": 20.059733,
        "fair_value": 24.340737,
        "relative_strength": -30.328081,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.487509,
        "energy": 25.951074,
        "activity_lines": [
          19.626667,
          19.757238,
          19.759562,
          19.845231
        ]
      },
      {
        "date": "2026-08-14",
        "close": 19.450001,
        "volume": 75810,
        "typical_volume": 165402.8,
        "trend": 20.072846,
        "fair_value": 24.286555,
        "relative_strength": -32.151343,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -51.321923,
        "energy": 35.444322,
        "activity_lines": [
          19.533334,
          19.697384,
          19.730178,
          19.805894
        ]
      }
    ],
    "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."
    }
  }
}