{ "ticker": { "uuid": "c12054dd-b6db-4166-8774-f92f77cc80f8", "symbol": "5340", "name": "Baotek Industrial Materials 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 90.453, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.749, "architecture_energy": 73.286, "architecture_maturity": 22.383, "architecture_confidence": 92.705, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 16.22, "rotation_up": 14.49, "upward_expansion": 17.26, "deceleration": 38.28, "rotation_down": 67.1, "downward_expansion": 90.59 }, "activity_lines": [ 70.433335, 74.521819, 84.714188, 91.209036 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 76.900002, "trend_reference": 96.704035, "distance_from_trend": -0.20479, "trend_direction": "Improving", "fair_value": 59.519608, "distance_from_fair_value": 0.292011, "fair_value_direction": "Weakening", "relative_strength": -28.592108, "relative_strength_direction": "Weakening", "price_momentum": -0.241129, "excess_performance": -0.682501, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.20479, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.057112, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.292011, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.502772, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.285921, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.339726, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.241129, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.915565, "read": "Supply-led" } ], "volume": { "latest": 23076210, "relative_activity": 1.30503, "balance": 0.915565, "dry_up": 0.716868, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.160487, "annualized_volatility": 0.629388, "from_high_reference": -0.435001, "from_low_reference": 0.77534 }, "levels": { "trend_reference": 96.704035, "fair_value_reference": 59.519608, "structural_low": 54.200001, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": -0.020198, "positive_rate": 0.464286, "directional_follow_through": 0.535714, "median_excess_return": -0.001301, "regime_survival": 0.857143, "best_return": 0.655445, "worst_return": -0.248408, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.055288, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.026084, "regime_survival": 0.8, "best_return": 0.685484, "worst_return": -0.171953, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.021324, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": 0.043396, "regime_survival": 0.6, "best_return": 0.395659, "worst_return": -0.212898, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.194286, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.38286, "regime_survival": 0.333333, "best_return": 1.350382, "worst_return": -0.229682, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-06-09", "end": "2023-10-20", "tenure": "Established", "return": -0.127692, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-27", "end": "2024-01-26", "tenure": "Established", "return": -0.013913, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-02", "end": "2024-02-16", "tenure": "New", "return": 0.130742, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-23", "end": "2024-03-22", "tenure": "Developing", "return": -0.109817, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-29", "end": "2024-06-07", "tenure": "Developing", "return": 0.157895, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-07-19", "tenure": "Developing", "return": -0.134549, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-26", "end": "2025-05-30", "tenure": "Extended", "return": -0.117647, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": -0.016655, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-19", "tenure": "Developing", "return": 0.020856, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-11-14", "tenure": "Developing", "return": 0.553531, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2026-05-15", "tenure": "Established", "return": 0.685761, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-22", "end": "2026-06-19", "tenure": "Developing", "return": -0.157295, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-26", "end": "2026-07-24", "tenure": "Developing", "return": -0.216341, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": 0.256536, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 55.376015, "volume": 14141000, "typical_volume": 10754600.0, "trend": 49.807098, "fair_value": 37.25647, "relative_strength": 30.033252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.387657, "energy": 45.016651, "activity_lines": [ 58.197553, 56.118556, 53.589478, 51.927241 ] }, { "date": "2023-08-18", "close": 62.100246, "volume": 26771000, "typical_volume": 11983750.0, "trend": 50.55039, "fair_value": 37.36423, "relative_strength": 45.723872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.14359, "energy": 48.86691, "activity_lines": [ 59.937943, 57.175734, 54.657444, 52.720347 ] }, { "date": "2023-08-25", "close": 66.55011, "volume": 25290000, "typical_volume": 13225100.0, "trend": 51.390919, "fair_value": 37.494493, "relative_strength": 52.814781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.141477, "energy": 41.729964, "activity_lines": [ 62.007954, 59.081534, 56.077162, 53.752587 ] }, { "date": "2023-09-01", "close": 72.087708, "volume": 31923000, "typical_volume": 14689800.0, "trend": 52.180357, "fair_value": 37.673248, "relative_strength": 61.05222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.997213, "energy": 57.827, "activity_lines": [ 65.409624, 61.875506, 57.928915, 55.087864 ] }, { "date": "2023-09-08", "close": 70.604424, "volume": 14007000, "typical_volume": 15179200.0, "trend": 52.981332, "fair_value": 37.851686, "relative_strength": 55.810834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.899351, "energy": 67.532442, "activity_lines": [ 68.039986, 64.095941, 59.512265, 56.276513 ] }, { "date": "2023-09-15", "close": 68.033386, "volume": 8520000, "typical_volume": 15453650.0, "trend": 53.577942, "fair_value": 38.0222, "relative_strength": 44.947563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.074672, "energy": 65.478145, "activity_lines": [ 68.936548, 65.525289, 60.714197, 57.247614 ] }, { "date": "2023-09-22", "close": 61.90247, "volume": 7884000, "typical_volume": 15798800.0, "trend": 54.046001, "fair_value": 38.162289, "relative_strength": 34.724531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.981945, "energy": 48.033732, "activity_lines": [ 66.945646, 65.438988, 61.214276, 57.78468 ] }, { "date": "2023-09-29", "close": 66.253441, "volume": 7807000, "typical_volume": 16098400.0, "trend": 54.611298, "fair_value": 38.337874, "relative_strength": 41.893161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.390445, "energy": 34.847242, "activity_lines": [ 66.418253, 65.832732, 62.024903, 58.572257 ] }, { "date": "2023-10-06", "close": 70.109985, "volume": 9765000, "typical_volume": 16136900.0, "trend": 55.270536, "fair_value": 38.535012, "relative_strength": 46.344627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.135895, "energy": 34.162705, "activity_lines": [ 67.196153, 66.792822, 63.082274, 59.572172 ] }, { "date": "2023-10-13", "close": 63.286873, "volume": 5276000, "typical_volume": 15957800.0, "trend": 55.649598, "fair_value": 38.708062, "relative_strength": 28.36576, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.049083, "energy": 21.415913, "activity_lines": [ 65.83153, 66.472791, 63.388584, 60.089355 ] }, { "date": "2023-10-20", "close": 56.068214, "volume": 6041000, "typical_volume": 15811900.0, "trend": 55.824296, "fair_value": 38.832937, "relative_strength": 14.810649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.674956, "energy": 12.273607, "activity_lines": [ 62.548525, 64.7342, 62.937477, 60.116363 ] }, { "date": "2023-10-27", "close": 56.859303, "volume": 4205000, "typical_volume": 14758650.0, "trend": 56.153915, "fair_value": 38.956544, "relative_strength": 17.414878, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.139338, "energy": 13.629587, "activity_lines": [ 60.326893, 63.126858, 62.543818, 60.183137 ] }, { "date": "2023-11-03", "close": 60.518074, "volume": 5623000, "typical_volume": 13932750.0, "trend": 56.620327, "fair_value": 39.111211, "relative_strength": 20.911466, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.589876, "energy": 17.031705, "activity_lines": [ 59.661064, 62.280036, 62.533929, 60.464696 ] }, { "date": "2023-11-10", "close": 60.913612, "volume": 6131000, "typical_volume": 13946800.0, "trend": 57.137829, "fair_value": 39.268731, "relative_strength": 19.179751, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.246786, "energy": 16.948929, "activity_lines": [ 59.509438, 61.614804, 62.559357, 60.741682 ] }, { "date": "2023-11-17", "close": 64.572388, "volume": 4390000, "typical_volume": 13819150.0, "trend": 57.892656, "fair_value": 39.480448, "relative_strength": 21.007986, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.252064, "energy": 12.300206, "activity_lines": [ 61.190495, 61.81797, 62.906869, 61.221331 ] }, { "date": "2023-11-24", "close": 59.72699, "volume": 3531000, "typical_volume": 13676800.0, "trend": 58.441472, "fair_value": 39.650646, "relative_strength": 10.259915, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.235285, "energy": 5.259745, "activity_lines": [ 61.170719, 61.249827, 62.73688, 61.339675 ] }, { "date": "2023-12-01", "close": 60.518074, "volume": 1404000, "typical_volume": 13516600.0, "trend": 59.122136, "fair_value": 39.824964, "relative_strength": 9.527032, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.671829, "energy": 10.908314, "activity_lines": [ 61.170719, 60.976543, 62.57678, 61.473649 ] }, { "date": "2023-12-08", "close": 60.122528, "volume": 1785000, "typical_volume": 12476650.0, "trend": 59.761597, "fair_value": 39.975828, "relative_strength": 7.967198, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.32355, "energy": 10.176868, "activity_lines": [ 60.794953, 60.656513, 62.304137, 61.538191 ] }, { "date": "2023-12-15", "close": 57.551502, "volume": 1772000, "typical_volume": 10989350.0, "trend": 60.051662, "fair_value": 40.103238, "relative_strength": 0.698749, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.91293, "energy": 20.909917, "activity_lines": [ 59.588547, 59.980494, 61.780514, 61.395604 ] }, { "date": "2023-12-22", "close": 59.529217, "volume": 2037000, "typical_volume": 9415150.0, "trend": 60.415891, "fair_value": 40.238889, "relative_strength": 3.615943, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.315995, "energy": 20.158583, "activity_lines": [ 59.265521, 59.892396, 61.494687, 61.361898 ] }, { "date": "2023-12-29", "close": 58.342587, "volume": 914000, "typical_volume": 8753800.0, "trend": 60.616959, "fair_value": 40.383414, "relative_strength": -1.21733, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.511333, "energy": 28.333138, "activity_lines": [ 58.883163, 59.656869, 61.08596, 61.228136 ] }, { "date": "2024-01-05", "close": 57.650383, "volume": 1360000, "typical_volume": 7483250.0, "trend": 60.396114, "fair_value": 40.519382, "relative_strength": -0.985088, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.114753, "energy": 32.054375, "activity_lines": [ 58.362363, 59.254133, 60.597181, 61.036744 ] }, { "date": "2024-01-12", "close": 54.683811, "volume": 1546000, "typical_volume": 6296050.0, "trend": 60.218119, "fair_value": 40.629678, "relative_strength": -6.37384, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.498483, "energy": 43.021624, "activity_lines": [ 57.043886, 58.297638, 59.847062, 60.668209 ] }, { "date": "2024-01-19", "close": 53.596069, "volume": 1826000, "typical_volume": 4791200.0, "trend": 60.158788, "fair_value": 40.73934, "relative_strength": -9.292787, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.685251, "energy": 54.209394, "activity_lines": [ 55.725409, 57.249449, 59.049854, 60.24098 ] }, { "date": "2024-01-26", "close": 56.068214, "volume": 2228000, "typical_volume": 4202250.0, "trend": 60.267562, "fair_value": 40.857876, "relative_strength": -6.948293, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.153299, "energy": 59.780439, "activity_lines": [ 55.494675, 56.783787, 58.576145, 59.977072 ] }, { "date": "2024-02-02", "close": 55.969326, "volume": 2254000, "typical_volume": 3888950.0, "trend": 60.600477, "fair_value": 40.991308, "relative_strength": -7.444489, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.536416, "energy": 60.072122, "activity_lines": [ 55.461713, 56.454766, 58.162237, 59.699766 ] }, { "date": "2024-02-09", "close": 58.935898, "volume": 2228000, "typical_volume": 3606150.0, "trend": 61.071833, "fair_value": 41.14756, "relative_strength": -2.883233, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.289106, "energy": 33.102328, "activity_lines": [ 56.575826, 56.733444, 58.088308, 59.592374 ] }, { "date": "2024-02-16", "close": 63.286873, "volume": 6205000, "typical_volume": 3526050.0, "trend": 61.220161, "fair_value": 41.341528, "relative_strength": 1.327118, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.161414, "energy": 12.691117, "activity_lines": [ 59.054562, 57.831975, 58.442884, 59.73528 ] }, { "date": "2024-02-23", "close": 59.430328, "volume": 9211000, "typical_volume": 3498350.0, "trend": 60.936689, "fair_value": 41.502535, "relative_strength": -6.299544, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.406133, "energy": 19.633844, "activity_lines": [ 59.674246, 58.171782, 58.444296, 59.619807 ] }, { "date": "2024-03-01", "close": 57.551502, "volume": 5974000, "typical_volume": 3533250.0, "trend": 60.939985, "fair_value": 41.652765, "relative_strength": -9.424063, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.599087, "energy": 20.468363, "activity_lines": [ 59.278704, 58.135824, 58.317629, 59.401408 ] }, { "date": "2024-03-08", "close": 55.474895, "volume": 9533000, "typical_volume": 3707850.0, "trend": 60.943281, "fair_value": 41.79317, "relative_strength": -16.230166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.401672, "energy": 19.665952, "activity_lines": [ 58.092074, 57.75826, 58.0205, 59.048821 ] }, { "date": "2024-03-15", "close": 54.0905, "volume": 3098000, "typical_volume": 3652500.0, "trend": 60.67629, "fair_value": 41.925335, "relative_strength": -17.604542, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.666657, "energy": 32.615376, "activity_lines": [ 56.476941, 57.181127, 57.59435, 58.606706 ] }, { "date": "2024-03-22", "close": 52.90387, "volume": 1549000, "typical_volume": 3448800.0, "trend": 60.221415, "fair_value": 42.048308, "relative_strength": -21.324666, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.016533, "energy": 55.281103, "activity_lines": [ 54.789291, 56.452969, 57.068372, 58.10526 ] }, { "date": "2024-03-29", "close": 52.607212, "volume": 765000, "typical_volume": 3180500.0, "trend": 59.572065, "fair_value": 42.150997, "relative_strength": -21.854027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.108465, "energy": 62.641863, "activity_lines": [ 53.694955, 55.703235, 56.550399, 57.614021 ] }, { "date": "2024-04-05", "close": 54.486042, "volume": 1115000, "typical_volume": 3016750.0, "trend": 59.034786, "fair_value": 42.272069, "relative_strength": -19.113461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.346738, "energy": 59.869055, "activity_lines": [ 53.681771, 55.313086, 56.250916, 57.28589 ] }, { "date": "2024-04-12", "close": 61.111385, "volume": 12960000, "typical_volume": 3488200.0, "trend": 58.804052, "fair_value": 42.440048, "relative_strength": -11.07382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.372703, "energy": 18.363142, "activity_lines": [ 56.081398, 56.156311, 56.630449, 57.419864 ] }, { "date": "2024-04-19", "close": 56.265984, "volume": 5890000, "typical_volume": 3712500.0, "trend": 58.616169, "fair_value": 42.56619, "relative_strength": -13.151395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.116423, "energy": 13.640622, "activity_lines": [ 56.490125, 56.025063, 56.541923, 57.256118 ] }, { "date": "2024-04-26", "close": 53.596069, "volume": 2399000, "typical_volume": 3743200.0, "trend": 58.194257, "fair_value": 42.675535, "relative_strength": -19.659581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.668107, "energy": 18.803769, "activity_lines": [ 55.863849, 55.456919, 56.219367, 56.932241 ] }, { "date": "2024-05-03", "close": 52.607212, "volume": 1835000, "typical_volume": 3746350.0, "trend": 57.610831, "fair_value": 42.740508, "relative_strength": -21.965437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.970185, "energy": 23.06507, "activity_lines": [ 54.861807, 54.88518, 55.833712, 56.571786 ] }, { "date": "2024-05-10", "close": 49.393425, "volume": 5125000, "typical_volume": 3900750.0, "trend": 57.147716, "fair_value": 42.778224, "relative_strength": -27.964973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.453684, "energy": 55.32667, "activity_lines": [ 52.788502, 53.853172, 55.165527, 56.041631 ] }, { "date": "2024-05-17", "close": 50.431725, "volume": 6343000, "typical_volume": 4172200.0, "trend": 56.959833, "fair_value": 42.862214, "relative_strength": -28.081742, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.501821, "energy": 62.501036, "activity_lines": [ 51.400806, 53.158275, 54.644494, 55.608341 ] }, { "date": "2024-05-24", "close": 58.441467, "volume": 13029000, "typical_volume": 4755650.0, "trend": 57.012572, "fair_value": 43.035581, "relative_strength": -17.732773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.522604, "energy": 32.418872, "activity_lines": [ 53.395, 54.011389, 54.923963, 55.70393 ] }, { "date": "2024-05-31", "close": 53.002754, "volume": 9152000, "typical_volume": 5135950.0, "trend": 56.762061, "fair_value": 43.175035, "relative_strength": -23.731019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.587268, "energy": 29.684063, "activity_lines": [ 53.431258, 53.796537, 54.681693, 55.445233 ] }, { "date": "2024-06-07", "close": 60.913612, "volume": 29481000, "typical_volume": 6518700.0, "trend": 56.762061, "fair_value": 43.364566, "relative_strength": -14.580755, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.527537, "energy": 10.437312, "activity_lines": [ 56.144023, 55.018225, 55.200843, 55.713074 ] }, { "date": "2024-06-14", "close": 56.958183, "volume": 9105000, "typical_volume": 6862550.0, "trend": 56.508255, "fair_value": 43.503069, "relative_strength": -21.988763, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.909063, "energy": 15.403828, "activity_lines": [ 56.984552, 55.369719, 55.30844, 55.725728 ] }, { "date": "2024-06-21", "close": 56.364868, "volume": 15190000, "typical_volume": 7509350.0, "trend": 56.396184, "fair_value": 43.639988, "relative_strength": -24.933074, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.976211, "energy": 12.025233, "activity_lines": [ 57.122992, 55.568389, 55.355293, 55.716477 ] }, { "date": "2024-06-28", "close": 51.915012, "volume": 7344000, "typical_volume": 7765150.0, "trend": 56.109415, "fair_value": 43.755038, "relative_strength": -29.832978, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.50534, "energy": 14.582474, "activity_lines": [ 55.382604, 55.044295, 54.976466, 55.427369 ] }, { "date": "2024-07-05", "close": 52.310558, "volume": 3465000, "typical_volume": 7628150.0, "trend": 55.849016, "fair_value": 43.870721, "relative_strength": -30.648449, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.543978, "energy": 19.75261, "activity_lines": [ 54.209161, 54.671227, 54.668744, 55.182281 ] }, { "date": "2024-07-12", "close": 53.101643, "volume": 7049000, "typical_volume": 7520050.0, "trend": 55.700687, "fair_value": 43.99623, "relative_strength": -30.505271, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.074369, "energy": 26.479374, "activity_lines": [ 53.34556, 54.465365, 54.488631, 55.005031 ] }, { "date": "2024-07-19", "close": 49.294537, "volume": 6493000, "typical_volume": 7546000.0, "trend": 55.359531, "fair_value": 44.101138, "relative_strength": -32.000479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.528545, "energy": 47.181221, "activity_lines": [ 51.733722, 53.558313, 53.976073, 54.591731 ] }, { "date": "2024-07-26", "close": 47.069611, "volume": 2092000, "typical_volume": 7173950.0, "trend": 54.983766, "fair_value": 44.110012, "relative_strength": -32.126537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.233592, "energy": 61.876179, "activity_lines": [ 49.891151, 52.248526, 53.290936, 54.056898 ] }, { "date": "2024-08-02", "close": 44.053596, "volume": 2108000, "typical_volume": 7124450.0, "trend": 54.530539, "fair_value": 44.085924, "relative_strength": -34.510781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.640251, "energy": 70.532204, "activity_lines": [ 47.662925, 50.451503, 52.358585, 53.351726 ] }, { "date": "2024-08-09", "close": 43.559166, "volume": 3942000, "typical_volume": 7244100.0, "trend": 54.159718, "fair_value": 44.079269, "relative_strength": -34.20394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.522778, "energy": 73.053192, "activity_lines": [ 45.793984, 48.826181, 51.42694, 52.643895 ] }, { "date": "2024-08-16", "close": 44.745796, "volume": 1524000, "typical_volume": 7282050.0, "trend": 53.864709, "fair_value": 44.0967, "relative_strength": -34.341354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.173163, "energy": 70.988548, "activity_lines": [ 44.904013, 47.588311, 50.652806, 52.036545 ] }, { "date": "2024-08-23", "close": 44.894127, "volume": 1162000, "typical_volume": 7284400.0, "trend": 53.492239, "fair_value": 44.151531, "relative_strength": -32.701164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.82339, "energy": 70.516038, "activity_lines": [ 44.620541, 46.671371, 49.930234, 51.457798 ] }, { "date": "2024-08-30", "close": 45.882984, "volume": 1746000, "typical_volume": 6723700.0, "trend": 53.156028, "fair_value": 44.228548, "relative_strength": -30.551496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.902132, "energy": 58.197725, "activity_lines": [ 44.96005, 46.15357, 49.347514, 50.966878 ] }, { "date": "2024-09-06", "close": 45.091892, "volume": 5670000, "typical_volume": 6712700.0, "trend": 52.694561, "fair_value": 44.269117, "relative_strength": -28.092093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.649211, "energy": 47.112847, "activity_lines": [ 45.114969, 45.682513, 48.761969, 50.446612 ] }, { "date": "2024-09-13", "close": 45.487442, "volume": 5976000, "typical_volume": 6891550.0, "trend": 52.101247, "fair_value": 44.282745, "relative_strength": -27.624613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.27649, "energy": 39.493584, "activity_lines": [ 45.332519, 45.407432, 48.267305, 49.981636 ] }, { "date": "2024-09-20", "close": 51.915012, "volume": 7056000, "typical_volume": 7152600.0, "trend": 51.850736, "fair_value": 44.358177, "relative_strength": -18.100144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.395278, "energy": 16.540729, "activity_lines": [ 47.56404, 46.425056, 48.423404, 49.969621 ] }, { "date": "2024-09-27", "close": 47.514599, "volume": 8282000, "typical_volume": 7310450.0, "trend": 51.516173, "fair_value": 44.38797, "relative_strength": -26.244366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.488488, "energy": 18.886698, "activity_lines": [ 47.850809, 46.66418, 48.163711, 49.68987 ] }, { "date": "2024-10-04", "close": 46.970726, "volume": 1554000, "typical_volume": 7071000.0, "trend": 51.2327, "fair_value": 44.395576, "relative_strength": -24.285655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.532009, "energy": 18.748133, "activity_lines": [ 47.781589, 46.836781, 47.861168, 49.396616 ] }, { "date": "2024-10-11", "close": 45.685215, "volume": 4202000, "typical_volume": 6629650.0, "trend": 50.952524, "fair_value": 44.418396, "relative_strength": -27.392147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.507481, "energy": 19.856891, "activity_lines": [ 47.211349, 46.77745, 47.452676, 49.038713 ] }, { "date": "2024-10-18", "close": 43.658054, "volume": 2722000, "typical_volume": 6308150.0, "trend": 50.64433, "fair_value": 44.439631, "relative_strength": -31.60118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.668803, "energy": 33.323943, "activity_lines": [ 45.925835, 46.319879, 46.911865, 48.568102 ] }, { "date": "2024-10-25", "close": 43.163624, "volume": 2325000, "typical_volume": 4950350.0, "trend": 50.329544, "fair_value": 44.455795, "relative_strength": -31.157558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.903255, "energy": 45.64646, "activity_lines": [ 44.597469, 45.770613, 46.368465, 48.085476 ] }, { "date": "2024-11-01", "close": 41.828667, "volume": 1664000, "typical_volume": 4578300.0, "trend": 49.907632, "fair_value": 44.469107, "relative_strength": -30.714251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.079439, "energy": 60.71403, "activity_lines": [ 43.407543, 45.007395, 45.782449, 47.537032 ] }, { "date": "2024-11-08", "close": 43.756939, "volume": 2395000, "typical_volume": 3938550.0, "trend": 49.32915, "fair_value": 44.487806, "relative_strength": -28.977031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.404565, "energy": 61.955378, "activity_lines": [ 43.239437, 44.650507, 45.452124, 47.140214 ] }, { "date": "2024-11-15", "close": 39.80151, "volume": 2787000, "typical_volume": 3710700.0, "trend": 48.780334, "fair_value": 44.48432, "relative_strength": -32.093526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.758095, "energy": 68.02275, "activity_lines": [ 41.967107, 43.613106, 44.805128, 46.525527 ] }, { "date": "2024-11-22", "close": 44.894127, "volume": 2439028, "typical_volume": 3659401.4, "trend": 48.490269, "fair_value": 44.524255, "relative_strength": -23.087184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.181089, "energy": 38.035025, "activity_lines": [ 42.784563, 43.597824, 44.700828, 46.274804 ] }, { "date": "2024-11-29", "close": 43.460281, "volume": 7676000, "typical_volume": 3690751.4, "trend": 48.185372, "fair_value": 44.553413, "relative_strength": -22.509316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.882282, "energy": 31.054902, "activity_lines": [ 43.041666, 43.33263, 44.495286, 45.950289 ] }, { "date": "2024-12-06", "close": 43.855824, "volume": 3336000, "typical_volume": 3532901.4, "trend": 48.000785, "fair_value": 44.587326, "relative_strength": -24.033079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.936954, "energy": 24.531933, "activity_lines": [ 43.410839, 43.293075, 44.373327, 45.670963 ] }, { "date": "2024-12-13", "close": 41.284798, "volume": 1201000, "typical_volume": 3488351.4, "trend": 47.695887, "fair_value": 44.609512, "relative_strength": -27.126177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.459684, "energy": 27.87602, "activity_lines": [ 42.78786, 42.852585, 44.032407, 45.237674 ] }, { "date": "2024-12-20", "close": 39.307083, "volume": 1274000, "typical_volume": 3446651.4, "trend": 47.058075, "fair_value": 44.618703, "relative_strength": -28.125148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.412326, "energy": 40.513773, "activity_lines": [ 41.670451, 42.15589, 43.53068, 44.69646 ] }, { "date": "2024-12-27", "close": 39.307083, "volume": 1177000, "typical_volume": 3308401.4, "trend": 46.601552, "fair_value": 44.63455, "relative_strength": -29.616881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.149936, "energy": 58.933952, "activity_lines": [ 40.586005, 41.575161, 43.051555, 44.196396 ] }, { "date": "2025-01-03", "close": 38.071011, "volume": 770000, "typical_volume": 3270701.4, "trend": 45.840132, "fair_value": 44.644692, "relative_strength": -29.820777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.31615, "energy": 70.865499, "activity_lines": [ 39.462004, 40.848801, 42.474957, 43.646039 ] }, { "date": "2025-01-10", "close": 37.08215, "volume": 1257000, "typical_volume": 3275451.4, "trend": 45.177598, "fair_value": 44.648496, "relative_strength": -31.105827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.06769, "energy": 76.637827, "activity_lines": [ 38.367667, 40.03524, 41.835967, 43.081008 ] }, { "date": "2025-01-17", "close": 36.093292, "volume": 880000, "typical_volume": 3232151.4, "trend": 44.501879, "fair_value": 44.651665, "relative_strength": -32.520982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.27475, "energy": 78.568065, "activity_lines": [ 37.395289, 39.128188, 41.139999, 42.494924 ] }, { "date": "2025-01-24", "close": 36.439396, "volume": 340000, "typical_volume": 2965651.4, "trend": 43.986025, "fair_value": 44.663392, "relative_strength": -32.08095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.527865, "energy": 75.497884, "activity_lines": [ 36.88438, 38.423402, 40.523611, 41.974763 ] }, { "date": "2025-02-07", "close": 43.114182, "volume": 4081350, "typical_volume": 2870918.9, "trend": 43.679479, "fair_value": 44.725195, "relative_strength": -18.611904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.917487, "energy": 37.101882, "activity_lines": [ 38.789579, 38.993344, 40.58412, 41.918515 ] }, { "date": "2025-02-14", "close": 41.087021, "volume": 9404592, "typical_volume": 2988348.5, "trend": 43.278991, "fair_value": 44.778125, "relative_strength": -20.341333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.632738, "energy": 25.092043, "activity_lines": [ 39.76525, 39.227073, 40.462867, 41.75126 ] }, { "date": "2025-02-21", "close": 40.048725, "volume": 2562316, "typical_volume": 2702364.3, "trend": 42.970798, "fair_value": 44.801261, "relative_strength": -23.107033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.325551, "energy": 20.649638, "activity_lines": [ 40.193756, 39.315171, 40.29429, 41.542856 ] }, { "date": "2025-02-28", "close": 40.345383, "volume": 3093888, "typical_volume": 2779358.7, "trend": 42.746657, "fair_value": 44.830103, "relative_strength": -19.274876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.341345, "energy": 24.221335, "activity_lines": [ 40.523376, 39.526428, 40.189519, 41.373474 ] }, { "date": "2025-03-07", "close": 38.120449, "volume": 1643257, "typical_volume": 2651421.55, "trend": 42.548885, "fair_value": 44.850387, "relative_strength": -21.170215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.310613, "energy": 21.317569, "activity_lines": [ 39.827878, 39.350231, 39.904398, 41.075009 ] }, { "date": "2025-03-14", "close": 38.812653, "volume": 2276417, "typical_volume": 2629142.4, "trend": 42.390668, "fair_value": 44.878595, "relative_strength": -16.742183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.869945, "energy": 28.068449, "activity_lines": [ 39.251045, 39.321464, 39.721224, 40.833962 ] }, { "date": "2025-03-21", "close": 37.972126, "volume": 1192258, "typical_volume": 2572505.3, "trend": 42.164879, "fair_value": 44.911874, "relative_strength": -18.663896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.502287, "energy": 36.371761, "activity_lines": [ 38.680805, 39.148864, 39.481073, 40.548895 ] }, { "date": "2025-03-28", "close": 35.846081, "volume": 2312400, "typical_volume": 2604925.3, "trend": 41.863278, "fair_value": 44.936278, "relative_strength": -20.366788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.303105, "energy": 57.60676, "activity_lines": [ 37.609543, 38.591508, 39.063163, 40.14123 ] }, { "date": "2025-04-04", "close": 35.401093, "volume": 1196009, "typical_volume": 2544975.75, "trend": 41.513881, "fair_value": 44.959732, "relative_strength": -19.539711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.73368, "energy": 63.733701, "activity_lines": [ 36.670128, 37.975719, 38.631362, 39.724315 ] }, { "date": "2025-04-11", "close": 29.171293, "volume": 2228000, "typical_volume": 2517025.75, "trend": 40.983195, "fair_value": 44.944519, "relative_strength": -26.884785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.827471, "energy": 81.79893, "activity_lines": [ 33.983732, 36.239825, 37.646036, 38.928019 ] }, { "date": "2025-04-18", "close": 29.962378, "volume": 905032, "typical_volume": 2440325.95, "trend": 40.465693, "fair_value": 44.944836, "relative_strength": -23.372782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.340063, "energy": 85.434872, "activity_lines": [ 32.157642, 34.779912, 36.786672, 38.216999 ] }, { "date": "2025-04-25", "close": 30.753464, "volume": 690191, "typical_volume": 2091035.5, "trend": 39.760308, "fair_value": 44.95688, "relative_strength": -22.250951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.717925, "energy": 82.715783, "activity_lines": [ 31.185265, 33.702956, 36.073753, 37.590403 ] }, { "date": "2025-05-02", "close": 33.225605, "volume": 722100, "typical_volume": 1960340.5, "trend": 39.284008, "fair_value": 44.983503, "relative_strength": -18.862805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.470175, "energy": 74.267651, "activity_lines": [ 31.51818, 33.263364, 35.656784, 37.16881 ] }, { "date": "2025-05-09", "close": 37.428249, "volume": 1587011, "typical_volume": 1979641.05, "trend": 38.965925, "fair_value": 45.049426, "relative_strength": -8.443327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.694834, "energy": 41.718598, "activity_lines": [ 33.426674, 33.711945, 35.690688, 37.049083 ] }, { "date": "2025-05-16", "close": 38.071011, "volume": 5654680, "typical_volume": 2198675.05, "trend": 38.712118, "fair_value": 45.115667, "relative_strength": -10.26319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.549408, "energy": 17.564695, "activity_lines": [ 35.414278, 34.330431, 35.804171, 36.991347 ] }, { "date": "2025-05-23", "close": 38.862095, "volume": 1902677, "typical_volume": 2234958.9, "trend": 38.552253, "fair_value": 45.193001, "relative_strength": -7.057154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.848372, "energy": 21.378472, "activity_lines": [ 37.072263, 35.093649, 35.998882, 37.001023 ] }, { "date": "2025-05-30", "close": 41.532009, "volume": 15853171, "typical_volume": 2989117.45, "trend": 38.497866, "fair_value": 45.2884, "relative_strength": 1.519925, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 23.164818, "energy": 33.081529, "activity_lines": [ 39.026904, 36.341407, 36.449989, 37.193265 ] }, { "date": "2025-06-06", "close": 44.251369, "volume": 23579973, "typical_volume": 4105266.1, "trend": 38.578623, "fair_value": 45.359712, "relative_strength": 7.096856, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.375556, "energy": 44.69915, "activity_lines": [ 41.169429, 38.018869, 37.143602, 37.564459 ] }, { "date": "2025-06-13", "close": 42.768082, "volume": 22694119, "typical_volume": 5195972.05, "trend": 38.545661, "fair_value": 45.424685, "relative_strength": 2.450709, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.998635, "energy": 53.598372, "activity_lines": [ 42.082474, 39.273819, 37.66181, 37.834747 ] }, { "date": "2025-06-20", "close": 40.682934, "volume": 4826864, "typical_volume": 5420315.25, "trend": 38.575042, "fair_value": 45.469953, "relative_strength": -1.738993, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.643338, "energy": 49.292964, "activity_lines": [ 41.944481, 40.015706, 37.949649, 37.972635 ] }, { "date": "2025-06-27", "close": 40.931305, "volume": 2985124, "typical_volume": 5365503.95, "trend": 38.442947, "fair_value": 45.538365, "relative_strength": -2.870658, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.968912, "energy": 40.057433, "activity_lines": [ 41.71515, 40.593449, 38.240934, 38.124652 ] }, { "date": "2025-07-04", "close": 40.533913, "volume": 7281542, "typical_volume": 5259351.45, "trend": 38.345402, "fair_value": 45.611836, "relative_strength": -3.219631, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.457346, "energy": 23.86259, "activity_lines": [ 41.215408, 40.899504, 38.504767, 38.259553 ] }, { "date": "2025-07-11", "close": 43.514347, "volume": 7916404, "typical_volume": 5527055.85, "trend": 38.334019, "fair_value": 45.703462, "relative_strength": 3.296503, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.009255, "energy": 37.065858, "activity_lines": [ 41.775683, 41.569629, 39.055084, 38.593033 ] }, { "date": "2025-07-18", "close": 45.252934, "volume": 39720600, "typical_volume": 7358391.45, "trend": 38.466291, "fair_value": 45.80338, "relative_strength": 4.829999, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.521915, "energy": 41.888477, "activity_lines": [ 42.964623, 42.368793, 39.754479, 39.039415 ] }, { "date": "2025-07-25", "close": 46.544453, "volume": 14137338, "typical_volume": 7983095.5, "trend": 38.707536, "fair_value": 45.910626, "relative_strength": 8.092341, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.847341, "energy": 56.154217, "activity_lines": [ 44.418412, 43.260512, 40.553506, 39.560587 ] }, { "date": "2025-08-01", "close": 50.965432, "volume": 49786859, "typical_volume": 10358617.6, "trend": 39.096148, "fair_value": 46.04748, "relative_strength": 17.948218, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.982564, "energy": 76.667394, "activity_lines": [ 46.955092, 44.801982, 41.733464, 40.351419 ] }, { "date": "2025-08-08", "close": 46.147064, "volume": 15568803, "typical_volume": 11077444.85, "trend": 39.36535, "fair_value": 46.15408, "relative_strength": 4.312874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.139242, "energy": 68.931877, "activity_lines": [ 47.216708, 45.247325, 42.39666, 40.806317 ] }, { "date": "2025-08-15", "close": 56.131519, "volume": 91056563, "typical_volume": 15514653.0, "trend": 40.000329, "fair_value": 46.326902, "relative_strength": 24.886834, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.978525, "energy": 80.673605, "activity_lines": [ 50.432266, 47.424114, 43.971828, 41.888005 ] }, { "date": "2025-08-22", "close": 52.356304, "volume": 50874805, "typical_volume": 17998592.8, "trend": 40.542429, "fair_value": 46.475524, "relative_strength": 19.032274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.061923, "energy": 67.924973, "activity_lines": [ 51.548274, 48.698496, 45.090854, 42.685165 ] }, { "date": "2025-08-29", "close": 57.224346, "volume": 20282806, "typical_volume": 18901333.1, "trend": 41.235261, "fair_value": 46.65345, "relative_strength": 27.140899, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.014336, "energy": 69.893943, "activity_lines": [ 53.813404, 50.683647, 46.592765, 43.761417 ] }, { "date": "2025-09-05", "close": 50.965431, "volume": 20523062, "typical_volume": 19882234.6, "trend": 41.496969, "fair_value": 46.794423, "relative_strength": 12.002646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.350704, "energy": 53.896273, "activity_lines": [ 53.280237, 51.230059, 47.365002, 44.38917 ] }, { "date": "2025-09-12", "close": 47.736629, "volume": 12604577, "typical_volume": 20477953.9, "trend": 41.718623, "fair_value": 46.917869, "relative_strength": 1.111463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.67732, "energy": 41.553476, "activity_lines": [ 51.670802, 51.006978, 47.729719, 44.791729 ] }, { "date": "2025-09-19", "close": 46.196739, "volume": 7257597, "typical_volume": 20804728.75, "trend": 41.923556, "fair_value": 47.033345, "relative_strength": -2.2586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.141903, "energy": 27.685067, "activity_lines": [ 49.4421, 50.372959, 47.866909, 45.08064 ] }, { "date": "2025-09-26", "close": 43.613697, "volume": 5714750, "typical_volume": 21011115.7, "trend": 42.0325, "fair_value": 47.140504, "relative_strength": -7.114167, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.836445, "energy": 20.490298, "activity_lines": [ 47.014702, 49.220525, 47.696327, 45.189681 ] }, { "date": "2025-10-03", "close": 53.051739, "volume": 22002443, "typical_volume": 21828503.85, "trend": 42.53021, "fair_value": 47.320841, "relative_strength": 8.113937, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.148349, "energy": 24.026449, "activity_lines": [ 48.316159, 49.813902, 48.395151, 45.9006 ] }, { "date": "2025-10-10", "close": 53.051739, "volume": 17298837, "typical_volume": 22598311.85, "trend": 43.004846, "fair_value": 47.49579, "relative_strength": 6.15353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.096502, "energy": 20.97337, "activity_lines": [ 49.89579, 50.288966, 49.022639, 46.579408 ] }, { "date": "2025-10-17", "close": 46.892174, "volume": 7415875, "typical_volume": 22176447.05, "trend": 43.302181, "fair_value": 47.63791, "relative_strength": -5.898785, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.447589, "energy": 17.604551, "activity_lines": [ 49.283145, 49.606175, 48.995932, 46.830203 ] }, { "date": "2025-10-24", "close": 47.239891, "volume": 5269539, "typical_volume": 21260925.35, "trend": 43.681975, "fair_value": 47.796838, "relative_strength": -5.85071, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.255666, "energy": 16.327302, "activity_lines": [ 48.842703, 48.973059, 48.976816, 47.084249 ] }, { "date": "2025-10-31", "close": 49.624237, "volume": 11822751, "typical_volume": 20717356.95, "trend": 44.156079, "fair_value": 47.957739, "relative_strength": -3.461886, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.621066, "energy": 17.094666, "activity_lines": [ 49.127499, 48.935126, 49.17055, 47.467621 ] }, { "date": "2025-11-07", "close": 47.289562, "volume": 11093737, "typical_volume": 21030700.6, "trend": 44.760022, "fair_value": 48.090997, "relative_strength": -5.94244, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.997919, "energy": 10.805898, "activity_lines": [ 48.233368, 48.52238, 49.109285, 47.669781 ] }, { "date": "2025-11-14", "close": 67.755211, "volume": 98289986, "typical_volume": 25795943.7, "trend": 46.019783, "fair_value": 48.35798, "relative_strength": 35.132661, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.737747, "energy": 58.314585, "activity_lines": [ 54.545265, 52.011294, 50.96567, 49.153342 ] }, { "date": "2025-11-21", "close": 60.701519, "volume": 32850231, "typical_volume": 27074378.15, "trend": 47.018051, "fair_value": 48.583551, "relative_strength": 24.75683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.128423, "energy": 67.005942, "activity_lines": [ 57.525699, 53.91245, 52.022541, 50.100551 ] }, { "date": "2025-11-28", "close": 60.304131, "volume": 6405134, "typical_volume": 26998814.65, "trend": 47.920669, "fair_value": 48.806574, "relative_strength": 18.319126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.294778, "energy": 69.938646, "activity_lines": [ 59.453048, 55.505629, 52.94553, 50.957717 ] }, { "date": "2025-12-05", "close": 65.470215, "volume": 108677743, "typical_volume": 30446671.8, "trend": 48.855401, "fair_value": 49.070319, "relative_strength": 26.317737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.214833, "energy": 78.757339, "activity_lines": [ 62.231476, 57.781597, 54.280575, 52.089946 ] }, { "date": "2025-12-12", "close": 64.576088, "volume": 64132300, "typical_volume": 32946419.9, "trend": 49.738904, "fair_value": 49.325798, "relative_strength": 23.122945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.362581, "energy": 72.041721, "activity_lines": [ 63.655463, 59.497605, 55.434193, 53.104184 ] }, { "date": "2025-12-19", "close": 59.409996, "volume": 12340606, "typical_volume": 31074107.25, "trend": 50.423834, "fair_value": 49.548794, "relative_strength": 14.907063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.975574, "energy": 50.047466, "activity_lines": [ 62.204984, 60.06479, 56.009937, 53.728125 ] }, { "date": "2025-12-26", "close": 66.662392, "volume": 23104580, "typical_volume": 31450896.1, "trend": 51.261513, "fair_value": 49.812259, "relative_strength": 24.299411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.61552, "energy": 49.26772, "activity_lines": [ 63.728318, 61.834989, 57.236174, 54.775774 ] }, { "date": "2026-01-02", "close": 67.755211, "volume": 57989443, "typical_volume": 29797540.1, "trend": 52.044974, "fair_value": 50.086532, "relative_strength": 22.145032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.582099, "energy": 48.519249, "activity_lines": [ 65.218533, 63.444422, 58.468796, 55.839884 ] }, { "date": "2026-01-09", "close": 70.238907, "volume": 40702141, "typical_volume": 29288906.9, "trend": 52.960669, "fair_value": 50.377993, "relative_strength": 21.88152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.139337, "energy": 49.292946, "activity_lines": [ 67.039909, 65.132432, 59.882609, 57.013686 ] }, { "date": "2026-01-16", "close": 83.650864, "volume": 51928757, "typical_volume": 30871204.45, "trend": 54.392933, "fair_value": 50.682216, "relative_strength": 38.507111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.763174, "energy": 78.591927, "activity_lines": [ 73.014024, 68.884166, 62.488597, 58.993698 ] }, { "date": "2026-01-23", "close": 93.88369, "volume": 117676144, "typical_volume": 35728858.55, "trend": 56.158012, "fair_value": 51.028896, "relative_strength": 50.684776, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.692935, "energy": 87.535071, "activity_lines": [ 81.127429, 73.8353, 65.943299, 61.541489 ] }, { "date": "2026-01-30", "close": 93.88369, "volume": 14324547, "typical_volume": 35814857.05, "trend": 57.936338, "fair_value": 51.365752, "relative_strength": 48.188201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.68516, "energy": 89.836208, "activity_lines": [ 86.942588, 78.311371, 69.193629, 63.975404 ] }, { "date": "2026-02-06", "close": 101.334778, "volume": 62608448, "typical_volume": 38582399.6, "trend": 59.863686, "fair_value": 51.705048, "relative_strength": 59.266734, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.333434, "energy": 89.414589, "activity_lines": [ 93.42669, 83.538873, 72.933838, 66.775303 ] }, { "date": "2026-02-13", "close": 99.149132, "volume": 56013520, "typical_volume": 41097338.1, "trend": 61.660226, "fair_value": 52.04206, "relative_strength": 45.733194, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.27958, "energy": 87.650501, "activity_lines": [ 96.943606, 87.622973, 76.203328, 69.309848 ] }, { "date": "2026-02-27", "close": 109.282608, "volume": 10211767, "typical_volume": 40507804.3, "trend": 63.751498, "fair_value": 52.421211, "relative_strength": 50.425963, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.935849, "energy": 89.991315, "activity_lines": [ 101.910998, 92.937179, 80.173456, 72.38226 ] }, { "date": "2026-03-06", "close": 113.256516, "volume": 9104446, "typical_volume": 40098084.75, "trend": 65.827867, "fair_value": 52.840415, "relative_strength": 61.857921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.72553, "energy": 82.022503, "activity_lines": [ 106.494244, 98.161068, 84.254286, 75.576132 ] }, { "date": "2026-03-13", "close": 119.217392, "volume": 57086064, "typical_volume": 42581594.2, "trend": 68.263545, "fair_value": 53.288639, "relative_strength": 68.467077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.723104, "energy": 81.44679, "activity_lines": [ 111.772926, 103.489724, 88.616129, 79.020617 ] }, { "date": "2026-03-20", "close": 108.785866, "volume": 17136104, "typical_volume": 43174922.45, "trend": 70.01869, "fair_value": 53.663338, "relative_strength": 51.044317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.463654, "energy": 63.254398, "activity_lines": [ 111.88552, 105.966195, 91.640088, 81.634961 ] }, { "date": "2026-03-27", "close": 106.30217, "volume": 4346151, "typical_volume": 42801092.45, "trend": 71.816885, "fair_value": 54.011973, "relative_strength": 47.535371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.537033, "energy": 56.885746, "activity_lines": [ 110.673475, 107.245072, 94.134428, 83.97583 ] }, { "date": "2026-04-03", "close": 100.341301, "volume": 20291895, "typical_volume": 43261000.35, "trend": 73.254117, "fair_value": 54.329371, "relative_strength": 39.815625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.854837, "energy": 46.539184, "activity_lines": [ 106.997606, 106.78446, 95.791171, 85.816115 ] }, { "date": "2026-04-10", "close": 113.256516, "volume": 44663106, "typical_volume": 40579656.35, "trend": 75.330487, "fair_value": 54.75428, "relative_strength": 43.213966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.045111, "energy": 38.767516, "activity_lines": [ 108.222895, 108.368605, 98.425307, 88.396915 ] }, { "date": "2026-04-17", "close": 133.126083, "volume": 83386271, "typical_volume": 43106458.35, "trend": 78.176802, "fair_value": 55.30941, "relative_strength": 59.088062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.854324, "energy": 52.213115, "activity_lines": [ 116.071373, 113.213167, 102.73511, 92.125663 ] }, { "date": "2026-04-24", "close": 109.282608, "volume": 24043428, "typical_volume": 43988373.05, "trend": 80.279664, "fair_value": 55.718987, "relative_strength": 22.152329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.090889, "energy": 40.878685, "activity_lines": [ 115.044779, 113.009052, 104.429228, 94.132489 ] }, { "date": "2026-05-01", "close": 114.25, "volume": 2150123, "typical_volume": 38661992.05, "trend": 82.634208, "fair_value": 56.182593, "relative_strength": 26.257598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.852413, "energy": 43.140132, "activity_lines": [ 115.640868, 113.563594, 106.363199, 96.324124 ] }, { "date": "2026-05-08", "close": 110.772827, "volume": 22592100, "typical_volume": 36584982.05, "trend": 84.558244, "fair_value": 56.615351, "relative_strength": 13.537703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.097985, "energy": 37.727253, "activity_lines": [ 114.548043, 113.211362, 107.733726, 98.139519 ] }, { "date": "2026-05-15", "close": 102.328262, "volume": 13684919, "typical_volume": 36652197.7, "trend": 86.200795, "fair_value": 57.014262, "relative_strength": 5.380464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.301033, "energy": 21.158601, "activity_lines": [ 109.944928, 111.296659, 108.080025, 99.285972 ] }, { "date": "2026-05-22", "close": 106.798912, "volume": 12363359, "typical_volume": 36115136.65, "trend": 88.197686, "fair_value": 57.436443, "relative_strength": 6.453233, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.890637, "energy": 16.804257, "activity_lines": [ 107.56058, 110.393497, 108.647727, 100.614882 ] }, { "date": "2026-05-29", "close": 100.838043, "volume": 18634994, "typical_volume": 34147414.2, "trend": 89.984291, "fair_value": 57.769703, "relative_strength": -5.379142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.996359, "energy": 16.081127, "activity_lines": [ 104.94442, 108.632331, 108.456601, 101.430389 ] }, { "date": "2026-06-05", "close": 94.479782, "volume": 13381322, "typical_volume": 32781373.25, "trend": 91.479476, "fair_value": 58.063789, "relative_strength": -12.117141, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.338298, "energy": 11.810629, "activity_lines": [ 100.771811, 105.859624, 107.502389, 101.720421 ] }, { "date": "2026-06-12", "close": 89.599998, "volume": 9564283, "typical_volume": 30663149.55, "trend": 92.889824, "fair_value": 58.302824, "relative_strength": -14.944524, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.324775, "energy": 17.145253, "activity_lines": [ 96.290622, 102.414636, 105.968003, 101.599164 ] }, { "date": "2026-06-19", "close": 90.0, "volume": 7670666, "typical_volume": 25162875.65, "trend": 93.631317, "fair_value": 58.467723, "relative_strength": -18.786319, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.635497, "energy": 33.244538, "activity_lines": [ 93.354289, 99.237671, 104.443383, 101.412724 ] }, { "date": "2026-06-26", "close": 86.900002, "volume": 13211979, "typical_volume": 25107247.25, "trend": 94.504599, "fair_value": 58.640007, "relative_strength": -18.321177, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.240782, "energy": 44.237873, "activity_lines": [ 90.206507, 95.919917, 102.642019, 100.978446 ] }, { "date": "2026-07-03", "close": 90.099998, "volume": 8146122, "typical_volume": 22384130.95, "trend": 95.497795, "fair_value": 58.862597, "relative_strength": -19.385705, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.037595, "energy": 40.345269, "activity_lines": [ 89.451985, 94.024454, 101.178672, 100.694278 ] }, { "date": "2026-07-10", "close": 82.800003, "volume": 3792641, "typical_volume": 19773087.0, "trend": 96.075454, "fair_value": 59.054873, "relative_strength": -23.605049, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.079969, "energy": 45.589669, "activity_lines": [ 86.980001, 91.150494, 99.073586, 99.875066 ] }, { "date": "2026-07-17", "close": 71.0, "volume": 5368927, "typical_volume": 19530945.0, "trend": 96.289585, "fair_value": 59.215245, "relative_strength": -30.233209, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.452518, "energy": 61.077416, "activity_lines": [ 81.353334, 86.702897, 95.922544, 98.257294 ] }, { "date": "2026-07-24", "close": 68.099998, "volume": 4107222, "typical_volume": 19281083.8, "trend": 96.579252, "fair_value": 59.364635, "relative_strength": -34.391972, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.181326, "energy": 80.797254, "activity_lines": [ 76.0, 82.45117, 92.677609, 96.438611 ] }, { "date": "2026-07-31", "close": 61.200001, "volume": 6505863, "typical_volume": 16752073.75, "trend": 96.397172, "fair_value": 59.379782, "relative_strength": -40.029982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.520543, "energy": 87.11717, "activity_lines": [ 69.806667, 77.567229, 88.990563, 94.156079 ] }, { "date": "2026-08-07", "close": 70.300003, "volume": 17014792, "typical_volume": 16746008.15, "trend": 96.481998, "fair_value": 59.394945, "relative_strength": -32.514921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.251643, "energy": 82.047026, "activity_lines": [ 68.360001, 75.166906, 86.446457, 92.472391 ] }, { "date": "2026-08-14", "close": 76.900002, "volume": 23076210, "typical_volume": 17682511.1, "trend": 96.704035, "fair_value": 59.519608, "relative_strength": -28.592108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.749038, "energy": 73.285806, "activity_lines": [ 70.433335, 74.521819, 84.714188, 91.209036 ] } ], "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." } } }