{ "ticker": { "uuid": "c15158a1-bae9-41a3-ad40-cc499dec9390", "symbol": "603868", "name": "Shanghai Flyco Electrical Appliance Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -58.622, "architecture_energy": 42.707, "architecture_maturity": 29.057, "architecture_confidence": 88.121, "architecture_tenure": "Developing", "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": 18.96, "rotation_up": 19.33, "upward_expansion": 5.4, "deceleration": 56.17, "rotation_down": 55.96, "downward_expansion": 78.73 }, "activity_lines": [ 30.678666, 30.922, 32.391524, 33.149399 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.666667 }, "latest_close": 30.969999, "trend_reference": 34.512035, "distance_from_trend": -0.102632, "trend_direction": "Weakening", "fair_value": 40.832616, "distance_from_fair_value": -0.241538, "fair_value_direction": "Weakening", "relative_strength": -12.38616, "relative_strength_direction": "Weakening", "price_momentum": -0.192438, "excess_performance": -0.149234, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.102632, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.045558, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.241538, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.087244, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.123862, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.041593, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.192438, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.400517, "read": "Demand-led" } ], "volume": { "latest": 4181057, "relative_activity": 0.592234, "balance": 1.400517, "dry_up": 0.735702, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.080641, "annualized_volatility": 0.370141, "from_high_reference": -0.311778, "from_low_reference": 0.071997 }, "levels": { "trend_reference": 34.512035, "fair_value_reference": 40.832616, "structural_low": 28.889999, "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": 25, "median_return": 0.003719, "positive_rate": 0.56, "directional_follow_through": 0.44, "median_excess_return": 0.010418, "regime_survival": 0.68, "best_return": 0.178215, "worst_return": -0.110617, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.061142, "positive_rate": 0.7, "directional_follow_through": 0.3, "median_excess_return": 0.012187, "regime_survival": 0.3, "best_return": 0.129648, "worst_return": -0.188503, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.03878, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.17188, "regime_survival": 0.428571, "best_return": 0.170351, "worst_return": -0.297099, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.18519, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.245858, "regime_survival": 0.25, "best_return": 1.117083, "worst_return": -0.296925, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-05-23", "tenure": "Developing", "return": -0.02346, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-08-01", "tenure": "Developing", "return": 0.013309, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-09-12", "tenure": "Developing", "return": -0.045385, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-10-10", "tenure": "New", "return": -0.015787, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.00306, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": -0.02831, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": -0.054177, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": -0.061471, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": 0.005503, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-04-03", "tenure": "Developing", "return": -0.134491, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-05-22", "tenure": "Developing", "return": 0.199495, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": -0.083112, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": -0.120944, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.003239, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 66.384033, "volume": 5563975, "typical_volume": 3844251.95, "trend": 67.205315, "fair_value": 52.328494, "relative_strength": -5.642833, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.148709, "energy": 20.975878, "activity_lines": [ 66.217063, 64.332256, 65.221343, 66.554834 ] }, { "date": "2023-08-04", "close": 69.521774, "volume": 7084982, "typical_volume": 4026025.0, "trend": 67.46577, "fair_value": 52.449496, "relative_strength": -1.431343, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.550647, "energy": 20.410028, "activity_lines": [ 67.923919, 65.390643, 65.460113, 66.704283 ] }, { "date": "2023-08-11", "close": 70.911072, "volume": 3636469, "typical_volume": 3986621.3, "trend": 67.723044, "fair_value": 52.578214, "relative_strength": 3.656071, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.0058, "energy": 29.952725, "activity_lines": [ 69.434193, 66.633882, 65.836192, 66.926561 ] }, { "date": "2023-08-18", "close": 66.421837, "volume": 2927014, "typical_volume": 3916494.45, "trend": 67.728335, "fair_value": 52.657743, "relative_strength": -0.850433, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.919517, "energy": 18.13653, "activity_lines": [ 68.689453, 66.918444, 65.781183, 66.842612 ] }, { "date": "2023-08-25", "close": 64.900223, "volume": 3779833, "typical_volume": 3889434.35, "trend": 67.836571, "fair_value": 52.73041, "relative_strength": -0.769272, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.082049, "energy": 12.290355, "activity_lines": [ 67.223284, 66.851772, 65.625804, 66.660153 ] }, { "date": "2023-09-01", "close": 64.824615, "volume": 3271366, "typical_volume": 3937321.95, "trend": 67.9041, "fair_value": 52.817957, "relative_strength": -2.938671, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.617159, "energy": 12.492924, "activity_lines": [ 66.288893, 66.736126, 65.524268, 66.465833 ] }, { "date": "2023-09-08", "close": 63.888962, "volume": 2592747, "typical_volume": 3902370.95, "trend": 67.953577, "fair_value": 52.896332, "relative_strength": -3.778482, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.106393, "energy": 22.146171, "activity_lines": [ 65.146579, 66.378019, 65.361073, 66.206792 ] }, { "date": "2023-09-15", "close": 63.085625, "volume": 2372623, "typical_volume": 3819777.4, "trend": 67.573626, "fair_value": 52.967062, "relative_strength": -4.95827, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.427961, "energy": 26.307886, "activity_lines": [ 64.112007, 65.796351, 65.16318, 65.89273 ] }, { "date": "2023-09-22", "close": 63.529823, "volume": 1616682, "typical_volume": 3791686.05, "trend": 67.134245, "fair_value": 53.061731, "relative_strength": -4.710064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.27829, "energy": 27.85842, "activity_lines": [ 63.747197, 65.230836, 65.045811, 65.63184 ] }, { "date": "2023-09-29", "close": 65.609047, "volume": 1763727, "typical_volume": 3741881.6, "trend": 66.824049, "fair_value": 53.193428, "relative_strength": -0.877629, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.256372, "energy": 24.98029, "activity_lines": [ 64.268263, 65.037519, 65.135769, 65.53344 ] }, { "date": "2023-10-13", "close": 57.065319, "volume": 3049965, "typical_volume": 3707806.6, "trend": 66.335071, "fair_value": 53.267579, "relative_strength": -12.92077, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.023274, "energy": 49.761867, "activity_lines": [ 61.894164, 63.429813, 64.402366, 64.903845 ] }, { "date": "2023-10-20", "close": 54.749813, "volume": 2654976, "typical_volume": 3690308.6, "trend": 65.807709, "fair_value": 53.340438, "relative_strength": -13.08447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.394371, "energy": 64.78134, "activity_lines": [ 59.265517, 61.570538, 63.489182, 64.156409 ] }, { "date": "2023-10-27", "close": 54.721462, "volume": 4462566, "typical_volume": 3703530.65, "trend": 65.292843, "fair_value": 53.417425, "relative_strength": -13.710069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.120674, "energy": 74.354922, "activity_lines": [ 57.236696, 59.974688, 62.625898, 63.441167 ] }, { "date": "2023-11-03", "close": 50.704777, "volume": 5383958, "typical_volume": 3841611.35, "trend": 64.457122, "fair_value": 53.461916, "relative_strength": -19.641927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.739363, "energy": 86.05753, "activity_lines": [ 54.42659, 57.942889, 61.419857, 62.500001 ] }, { "date": "2023-11-10", "close": 50.941051, "volume": 3786774, "typical_volume": 3828268.1, "trend": 63.56451, "fair_value": 53.506221, "relative_strength": -18.718126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.832184, "energy": 88.140782, "activity_lines": [ 52.550246, 56.239814, 60.291629, 61.627997 ] }, { "date": "2023-11-17", "close": 50.818188, "volume": 3416909, "typical_volume": 3909071.15, "trend": 62.905482, "fair_value": 53.560851, "relative_strength": -18.76835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.506337, "energy": 88.870654, "activity_lines": [ 51.610814, 54.768202, 59.208946, 60.805653 ] }, { "date": "2023-11-24", "close": 50.61026, "volume": 4362645, "typical_volume": 3939096.0, "trend": 62.170174, "fair_value": 53.591583, "relative_strength": -18.274628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.567873, "energy": 88.088536, "activity_lines": [ 51.018548, 53.513448, 58.154211, 60.012413 ] }, { "date": "2023-12-01", "close": 50.83709, "volume": 5456363, "typical_volume": 3983668.3, "trend": 61.494363, "fair_value": 53.61997, "relative_strength": -17.287789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.975326, "energy": 83.192242, "activity_lines": [ 50.777862, 52.541367, 57.164013, 59.281247 ] }, { "date": "2023-12-08", "close": 49.249317, "volume": 4561157, "typical_volume": 3871968.5, "trend": 60.953203, "fair_value": 53.641864, "relative_strength": -17.774933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.657982, "energy": 77.403814, "activity_lines": [ 50.266877, 51.503301, 56.064004, 58.491244 ] }, { "date": "2023-12-15", "close": 51.007206, "volume": 4044026, "typical_volume": 3789437.85, "trend": 60.534184, "fair_value": 53.660512, "relative_strength": -13.676482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.176594, "energy": 60.25199, "activity_lines": [ 50.438885, 51.044496, 55.197884, 57.849566 ] }, { "date": "2023-12-22", "close": 50.062107, "volume": 5687007, "typical_volume": 3795589.45, "trend": 60.015535, "fair_value": 53.685178, "relative_strength": -14.120974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.715664, "energy": 57.233227, "activity_lines": [ 50.29145, 50.679343, 54.347697, 57.173949 ] }, { "date": "2023-12-29", "close": 47.727699, "volume": 4217523, "typical_volume": 3652216.5, "trend": 59.413268, "fair_value": 53.681897, "relative_strength": -19.401014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.500962, "energy": 59.703436, "activity_lines": [ 49.416284, 50.017083, 53.352908, 56.381185 ] }, { "date": "2024-01-05", "close": 46.026516, "volume": 5628147, "typical_volume": 3751800.4, "trend": 58.844946, "fair_value": 53.701842, "relative_strength": -20.690147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.29689, "energy": 62.160065, "activity_lines": [ 48.166228, 49.173192, 52.299884, 55.517524 ] }, { "date": "2024-01-12", "close": 45.364944, "volume": 4713418, "typical_volume": 3841120.6, "trend": 58.279775, "fair_value": 53.716583, "relative_strength": -20.221931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.863269, "energy": 77.064631, "activity_lines": [ 47.016353, 48.367106, 51.30235, 54.647846 ] }, { "date": "2024-01-19", "close": 44.429291, "volume": 4245140, "typical_volume": 3864385.95, "trend": 57.661992, "fair_value": 53.721584, "relative_strength": -20.159733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.67319, "energy": 84.346829, "activity_lines": [ 45.813552, 47.487988, 50.315977, 53.754266 ] }, { "date": "2024-01-26", "close": 44.117409, "volume": 4085568, "typical_volume": 3905096.05, "trend": 57.104382, "fair_value": 53.739157, "relative_strength": -22.419953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.965193, "energy": 83.37147, "activity_lines": [ 44.945318, 46.67056, 49.397383, 52.880422 ] }, { "date": "2024-02-02", "close": 39.618713, "volume": 4939881, "typical_volume": 4022452.75, "trend": 56.437454, "fair_value": 53.725171, "relative_strength": -25.414785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.204707, "energy": 90.305714, "activity_lines": [ 42.973832, 45.15702, 48.148946, 51.752315 ] }, { "date": "2024-02-09", "close": 44.722275, "volume": 8122087, "typical_volume": 4309925.95, "trend": 55.943795, "fair_value": 53.739704, "relative_strength": -19.505497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.58629, "energy": 60.721286, "activity_lines": [ 43.244132, 44.771247, 47.502136, 50.996497 ] }, { "date": "2024-02-23", "close": 43.370777, "volume": 6793253, "typical_volume": 4568754.5, "trend": 55.282538, "fair_value": 53.747955, "relative_strength": -25.199325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.057149, "energy": 56.063462, "activity_lines": [ 43.150882, 44.250925, 46.814056, 50.185334 ] }, { "date": "2024-03-01", "close": 44.703369, "volume": 9214649, "typical_volume": 4941300.6, "trend": 54.33082, "fair_value": 53.773196, "relative_strength": -22.82384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.761523, "energy": 49.710819, "activity_lines": [ 43.634774, 44.079775, 46.348885, 49.502807 ] }, { "date": "2024-03-08", "close": 43.909485, "volume": 7463776, "typical_volume": 5161991.15, "trend": 53.581668, "fair_value": 53.780535, "relative_strength": -23.9747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.715225, "energy": 39.891388, "activity_lines": [ 43.835766, 43.878897, 45.907657, 48.830463 ] }, { "date": "2024-03-15", "close": 47.916721, "volume": 19673896, "typical_volume": 6012937.15, "trend": 52.8615, "fair_value": 53.799103, "relative_strength": -16.694238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.700995, "energy": 25.967311, "activity_lines": [ 45.386365, 44.518474, 45.910717, 48.464982 ] }, { "date": "2024-03-22", "close": 45.270432, "volume": 9713886, "typical_volume": 6275503.15, "trend": 52.006812, "fair_value": 53.80496, "relative_strength": -20.527439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.63644, "energy": 20.413317, "activity_lines": [ 45.501668, 44.673471, 45.694289, 47.975236 ] }, { "date": "2024-03-29", "close": 44.996353, "volume": 6382495, "typical_volume": 6325430.0, "trend": 51.292629, "fair_value": 53.829528, "relative_strength": -20.262877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.247248, "energy": 18.383385, "activity_lines": [ 45.489066, 44.792382, 45.496762, 47.522948 ] }, { "date": "2024-04-05", "close": 46.546322, "volume": 4250588, "typical_volume": 6348620.7, "trend": 50.680832, "fair_value": 53.861083, "relative_strength": -17.733182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.533495, "energy": 17.837288, "activity_lines": [ 45.88475, 45.199808, 45.474035, 47.216735 ] }, { "date": "2024-04-12", "close": 47.274052, "volume": 7733152, "typical_volume": 6564432.85, "trend": 50.095813, "fair_value": 53.908813, "relative_strength": -14.398892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.553005, "energy": 9.703418, "activity_lines": [ 46.400146, 45.701056, 45.541542, 46.996943 ] }, { "date": "2024-04-19", "close": 50.247658, "volume": 17936579, "typical_volume": 7243129.55, "trend": 49.641103, "fair_value": 53.97362, "relative_strength": -9.712529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.778163, "energy": 12.599512, "activity_lines": [ 47.68244, 46.685567, 45.909127, 47.006739 ] }, { "date": "2024-04-26", "close": 49.813557, "volume": 7228705, "typical_volume": 7331746.65, "trend": 49.198701, "fair_value": 54.034227, "relative_strength": -10.695269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.506575, "energy": 18.131046, "activity_lines": [ 48.664638, 47.397896, 46.237096, 47.017865 ] }, { "date": "2024-05-03", "close": 45.758617, "volume": 8133234, "typical_volume": 7510350.5, "trend": 48.606328, "fair_value": 54.07298, "relative_strength": -17.755514, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.855126, "energy": 15.593301, "activity_lines": [ 47.992314, 47.280395, 46.183754, 46.795924 ] }, { "date": "2024-05-10", "close": 45.363976, "volume": 10659325, "typical_volume": 7841115.45, "trend": 47.931492, "fair_value": 54.111641, "relative_strength": -19.14104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.757966, "energy": 12.58294, "activity_lines": [ 47.137626, 47.047726, 46.109449, 46.58674 ] }, { "date": "2024-05-17", "close": 49.142666, "volume": 16429934, "typical_volume": 8378261.8, "trend": 47.667403, "fair_value": 54.172936, "relative_strength": -12.005179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.275587, "energy": 4.935769, "activity_lines": [ 47.621324, 47.49008, 46.421892, 46.664881 ] }, { "date": "2024-05-24", "close": 46.103928, "volume": 5704009, "typical_volume": 8452586.1, "trend": 47.379207, "fair_value": 54.2088, "relative_strength": -15.290734, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.28265, "energy": 16.099605, "activity_lines": [ 46.967535, 47.284788, 46.44931, 46.564011 ] }, { "date": "2024-05-31", "close": 45.137058, "volume": 5294619, "typical_volume": 8435909.7, "trend": 47.059727, "fair_value": 54.243001, "relative_strength": -16.523361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.219197, "energy": 19.555669, "activity_lines": [ 46.267705, 46.936661, 46.392377, 46.419356 ] }, { "date": "2024-06-07", "close": 43.607826, "volume": 7629833, "typical_volume": 8581730.45, "trend": 46.823162, "fair_value": 54.275337, "relative_strength": -17.854142, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.521112, "energy": 24.392836, "activity_lines": [ 45.369897, 46.312917, 46.194038, 46.196653 ] }, { "date": "2024-06-14", "close": 44.673355, "volume": 3460582, "typical_volume": 8542502.55, "trend": 46.614239, "fair_value": 54.297721, "relative_strength": -14.878211, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.44345, "energy": 27.89284, "activity_lines": [ 44.970652, 45.908151, 46.105546, 46.057956 ] }, { "date": "2024-06-21", "close": 40.904533, "volume": 4556407, "typical_volume": 8566044.5, "trend": 46.283784, "fair_value": 54.28523, "relative_strength": -20.665242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.835094, "energy": 58.080008, "activity_lines": [ 43.361174, 44.852199, 45.656956, 45.689588 ] }, { "date": "2024-06-28", "close": 37.885532, "volume": 5444885, "typical_volume": 8591294.7, "trend": 45.859626, "fair_value": 54.251718, "relative_strength": -25.218692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.740461, "energy": 74.727181, "activity_lines": [ 41.294571, 43.363147, 44.936142, 45.147765 ] }, { "date": "2024-07-05", "close": 35.862995, "volume": 3381559, "typical_volume": 8354268.3, "trend": 45.36049, "fair_value": 54.205704, "relative_strength": -28.236406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.688387, "energy": 81.955663, "activity_lines": [ 39.101683, 41.731127, 44.030958, 44.502821 ] }, { "date": "2024-07-12", "close": 35.626213, "volume": 5762943, "typical_volume": 8302752.8, "trend": 44.906386, "fair_value": 54.178826, "relative_strength": -28.685925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.474249, "energy": 84.403461, "activity_lines": [ 37.448137, 40.309703, 43.145411, 43.874803 ] }, { "date": "2024-07-19", "close": 37.826336, "volume": 4270431, "typical_volume": 8055541.9, "trend": 44.467024, "fair_value": 54.182366, "relative_strength": -24.045473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.362658, "energy": 80.458123, "activity_lines": [ 37.060074, 39.472526, 42.506278, 43.418026 ] }, { "date": "2024-07-26", "close": 37.303436, "volume": 6118696, "typical_volume": 7988287.9, "trend": 44.041735, "fair_value": 54.178504, "relative_strength": -22.133379, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.993703, "energy": 73.638182, "activity_lines": [ 36.954179, 38.677325, 41.850092, 42.955859 ] }, { "date": "2024-08-02", "close": 36.681877, "volume": 4082601, "typical_volume": 7208723.15, "trend": 43.673541, "fair_value": 54.173608, "relative_strength": -22.871639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.39158, "energy": 62.11658, "activity_lines": [ 36.881171, 37.984371, 41.166168, 42.481029 ] }, { "date": "2024-08-09", "close": 36.474689, "volume": 5397800, "typical_volume": 6992918.85, "trend": 43.355147, "fair_value": 54.179997, "relative_strength": -21.457313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.541169, "energy": 50.070495, "activity_lines": [ 36.819343, 37.425057, 40.516012, 42.016587 ] }, { "date": "2024-08-16", "close": 36.287235, "volume": 2106398, "typical_volume": 6779114.0, "trend": 43.052556, "fair_value": 54.190159, "relative_strength": -21.53434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.738252, "energy": 52.429881, "activity_lines": [ 36.654251, 36.989158, 39.889886, 41.560593 ] }, { "date": "2024-08-23", "close": 34.471886, "volume": 3298936, "typical_volume": 6731531.4, "trend": 42.720643, "fair_value": 54.199156, "relative_strength": -23.879475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.366251, "energy": 64.46634, "activity_lines": [ 35.839975, 36.356297, 39.132343, 41.007001 ] }, { "date": "2024-08-30", "close": 33.939121, "volume": 6968129, "typical_volume": 6693280.25, "trend": 42.381366, "fair_value": 54.192415, "relative_strength": -23.880447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.97769, "energy": 66.182161, "activity_lines": [ 35.071741, 35.812052, 38.381557, 40.440452 ] }, { "date": "2024-09-06", "close": 33.643139, "volume": 6554541, "typical_volume": 6124178.35, "trend": 42.182181, "fair_value": 54.195752, "relative_strength": -21.593067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.453683, "energy": 73.776337, "activity_lines": [ 34.429133, 35.340635, 37.666082, 39.876695 ] }, { "date": "2024-09-13", "close": 32.025112, "volume": 4249057, "typical_volume": 5975195.95, "trend": 41.758942, "fair_value": 54.174254, "relative_strength": -22.814124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.274944, "energy": 78.652523, "activity_lines": [ 33.449766, 34.652165, 36.875579, 39.2214 ] }, { "date": "2024-09-20", "close": 34.521217, "volume": 2829464, "typical_volume": 5710007.45, "trend": 41.463957, "fair_value": 54.172228, "relative_strength": -16.972398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.740957, "energy": 62.385209, "activity_lines": [ 33.599072, 34.487313, 36.407506, 38.75445 ] }, { "date": "2024-09-27", "close": 39.266773, "volume": 5950320, "typical_volume": 5474557.2, "trend": 41.282737, "fair_value": 54.191713, "relative_strength": -15.482273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.702105, "energy": 33.784096, "activity_lines": [ 35.447965, 35.20538, 36.444903, 38.612697 ] }, { "date": "2024-10-04", "close": 42.867874, "volume": 2887332, "typical_volume": 4797427.1, "trend": 41.248016, "fair_value": 54.232603, "relative_strength": -13.797439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.258794, "energy": 14.664081, "activity_lines": [ 38.177565, 36.552003, 36.854296, 38.714963 ] }, { "date": "2024-10-11", "close": 38.694546, "volume": 8385609, "typical_volume": 4931507.1, "trend": 40.94061, "fair_value": 54.252759, "relative_strength": -18.36263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.974084, "energy": 22.575508, "activity_lines": [ 38.920806, 37.038667, 36.89611, 38.550223 ] }, { "date": "2024-10-18", "close": 38.576153, "volume": 5641490, "typical_volume": 4948850.65, "trend": 40.717468, "fair_value": 54.276899, "relative_strength": -19.002633, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.121075, "energy": 24.312462, "activity_lines": [ 39.287822, 37.467212, 36.96193, 38.397678 ] }, { "date": "2024-10-25", "close": 38.704411, "volume": 6202040, "typical_volume": 4877461.0, "trend": 40.507736, "fair_value": 54.30111, "relative_strength": -18.965691, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.497847, "energy": 21.682146, "activity_lines": [ 39.260855, 37.880867, 37.071208, 38.267803 ] }, { "date": "2024-11-01", "close": 36.72134, "volume": 6548383, "typical_volume": 5031851.05, "trend": 40.180237, "fair_value": 54.310121, "relative_strength": -21.748665, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.659877, "energy": 10.826735, "activity_lines": [ 38.293985, 37.890016, 37.014972, 38.02352 ] }, { "date": "2024-11-08", "close": 39.316101, "volume": 11246452, "typical_volume": 5366353.3, "trend": 39.914972, "fair_value": 54.330789, "relative_strength": -20.021669, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.107178, "energy": 5.981812, "activity_lines": [ 38.36173, 38.33004, 37.243722, 37.967769 ] }, { "date": "2024-11-15", "close": 40.490162, "volume": 9750298, "typical_volume": 5581623.95, "trend": 39.589722, "fair_value": 54.348802, "relative_strength": -14.092578, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.666251, "energy": 7.244149, "activity_lines": [ 39.057614, 38.885766, 37.591852, 38.004878 ] }, { "date": "2024-11-22", "close": 39.720608, "volume": 7620605, "typical_volume": 5793576.25, "trend": 39.253291, "fair_value": 54.364716, "relative_strength": -13.560193, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.981151, "energy": 13.310639, "activity_lines": [ 39.377272, 39.177082, 37.854288, 38.013322 ] }, { "date": "2024-11-29", "close": 41.930599, "volume": 6415153, "typical_volume": 5826186.75, "trend": 39.12569, "fair_value": 54.402954, "relative_strength": -9.878987, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.248523, "energy": 41.175348, "activity_lines": [ 40.357297, 39.730297, 38.30883, 38.186052 ] }, { "date": "2024-12-06", "close": 41.141319, "volume": 5343919, "typical_volume": 5879861.15, "trend": 38.984935, "fair_value": 54.421322, "relative_strength": -13.031683, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.551045, "energy": 45.241154, "activity_lines": [ 40.859149, 40.00529, 38.658181, 38.316092 ] }, { "date": "2024-12-13", "close": 42.463367, "volume": 5315718, "typical_volume": 5839712.25, "trend": 38.762291, "fair_value": 54.458289, "relative_strength": -9.404513, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.546029, "energy": 49.477085, "activity_lines": [ 41.507019, 40.486573, 39.117656, 38.540507 ] }, { "date": "2024-12-20", "close": 45.363976, "volume": 5432850, "typical_volume": 5907224.7, "trend": 38.737626, "fair_value": 54.503436, "relative_strength": -2.004753, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 78.137336, "energy": 71.446524, "activity_lines": [ 42.911941, 41.502594, 39.828808, 38.966422 ] }, { "date": "2024-12-27", "close": 44.357643, "volume": 20231945, "typical_volume": 6648931.95, "trend": 38.711646, "fair_value": 54.54948, "relative_strength": -4.530895, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.719642, "energy": 67.023651, "activity_lines": [ 43.656497, 42.214383, 40.402776, 39.329004 ] }, { "date": "2025-01-03", "close": 39.868603, "volume": 10714191, "typical_volume": 7079321.6, "trend": 38.587005, "fair_value": 54.571145, "relative_strength": -8.68387, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.254487, "energy": 44.712306, "activity_lines": [ 42.595571, 42.004865, 40.511678, 39.403647 ] }, { "date": "2025-01-10", "close": 38.102581, "volume": 6215127, "typical_volume": 7225131.15, "trend": 38.367979, "fair_value": 54.579869, "relative_strength": -11.083218, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.712813, "energy": 22.999472, "activity_lines": [ 41.083438, 41.453085, 40.435334, 39.372393 ] }, { "date": "2025-01-17", "close": 37.93486, "volume": 10233801, "typical_volume": 7388414.75, "trend": 38.26899, "fair_value": 54.591972, "relative_strength": -12.976339, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.917389, "energy": 16.61266, "activity_lines": [ 39.71798, 40.845696, 40.325727, 39.34445 ] }, { "date": "2025-01-24", "close": 34.195637, "volume": 15111021, "typical_volume": 7816238.75, "trend": 38.145994, "fair_value": 54.570734, "relative_strength": -21.232012, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -32.29155, "energy": 33.845654, "activity_lines": [ 37.408014, 39.583563, 39.840976, 39.081653 ] }, { "date": "2025-01-31", "close": 34.73827, "volume": 2335000, "typical_volume": 7720535.9, "trend": 38.108503, "fair_value": 54.542214, "relative_strength": -19.412901, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -30.002332, "energy": 41.498737, "activity_lines": [ 36.023483, 38.534536, 39.405274, 38.8618 ] }, { "date": "2025-02-07", "close": 35.113178, "volume": 4792392, "typical_volume": 7818682.3, "trend": 38.091402, "fair_value": 54.499435, "relative_strength": -19.397725, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.047474, "energy": 53.037787, "activity_lines": [ 35.405212, 37.644261, 38.992357, 38.668553 ] }, { "date": "2025-02-14", "close": 35.645943, "volume": 8030017, "typical_volume": 7922667.15, "trend": 38.018722, "fair_value": 54.467592, "relative_strength": -18.639675, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.288303, "energy": 54.331961, "activity_lines": [ 35.281558, 36.974807, 38.627361, 38.510782 ] }, { "date": "2025-02-21", "close": 34.984921, "volume": 6305388, "typical_volume": 8093569.95, "trend": 37.941438, "fair_value": 54.434405, "relative_strength": -20.436931, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.104084, "energy": 49.534193, "activity_lines": [ 35.101339, 36.285082, 38.216653, 38.315053 ] }, { "date": "2025-02-28", "close": 34.333763, "volume": 7494738, "typical_volume": 8049026.4, "trend": 37.863168, "fair_value": 54.398142, "relative_strength": -20.02549, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.021484, "energy": 39.123706, "activity_lines": [ 34.90073, 35.612937, 37.781468, 38.082299 ] }, { "date": "2025-03-07", "close": 34.797466, "volume": 5169700, "typical_volume": 8025436.9, "trend": 37.80726, "fair_value": 54.363348, "relative_strength": -19.69721, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.361784, "energy": 33.032859, "activity_lines": [ 34.845481, 35.225651, 37.41121, 37.884512 ] }, { "date": "2025-03-14", "close": 38.398563, "volume": 15847926, "typical_volume": 8507731.2, "trend": 37.877638, "fair_value": 54.352101, "relative_strength": -12.018271, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.097506, "energy": 16.43889, "activity_lines": [ 35.98665, 35.666931, 37.401908, 37.922661 ] }, { "date": "2025-03-21", "close": 36.967991, "volume": 7144249, "typical_volume": 8537524.5, "trend": 37.960841, "fair_value": 54.330526, "relative_strength": -13.414005, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -38.052908, "energy": 20.625483, "activity_lines": [ 36.431937, 35.874835, 37.257817, 37.863974 ] }, { "date": "2025-03-28", "close": 37.007454, "volume": 5443589, "typical_volume": 8247381.35, "trend": 38.063119, "fair_value": 54.301452, "relative_strength": -12.473928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.27994, "energy": 22.419858, "activity_lines": [ 36.802241, 36.110543, 37.11631, 37.802465 ] }, { "date": "2025-04-04", "close": 36.257637, "volume": 3152100, "typical_volume": 7917471.45, "trend": 38.150269, "fair_value": 54.273877, "relative_strength": -13.439247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.813845, "energy": 24.085138, "activity_lines": [ 36.787771, 36.226783, 36.914385, 37.685982 ] }, { "date": "2025-04-11", "close": 35.902458, "volume": 8403548, "typical_volume": 7956618.6, "trend": 38.279514, "fair_value": 54.21614, "relative_strength": -10.915643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.395481, "energy": 18.212047, "activity_lines": [ 36.52665, 36.240954, 36.698789, 37.540962 ] }, { "date": "2025-04-18", "close": 34.018047, "volume": 5419039, "typical_volume": 7906812.9, "trend": 38.262741, "fair_value": 54.146092, "relative_strength": -15.801209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.110604, "energy": 42.98045, "activity_lines": [ 35.563725, 35.891338, 36.321907, 37.266029 ] }, { "date": "2025-04-25", "close": 34.146309, "volume": 5871328, "typical_volume": 7933183.35, "trend": 38.092059, "fair_value": 54.072585, "relative_strength": -15.191324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.864816, "energy": 62.738692, "activity_lines": [ 34.935589, 35.584953, 35.994918, 37.000453 ] }, { "date": "2025-05-02", "close": 34.886261, "volume": 4168244, "typical_volume": 7875809.65, "trend": 37.826006, "fair_value": 54.014177, "relative_strength": -12.364653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.494313, "energy": 57.260549, "activity_lines": [ 34.742216, 35.440371, 35.771712, 36.793627 ] }, { "date": "2025-05-09", "close": 36.010986, "volume": 5239449, "typical_volume": 7866139.6, "trend": 37.736554, "fair_value": 53.96593, "relative_strength": -10.733935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.744253, "energy": 48.251507, "activity_lines": [ 35.065164, 35.502079, 35.691703, 36.676529 ] }, { "date": "2025-05-16", "close": 36.484554, "volume": 4893748, "typical_volume": 7099229.75, "trend": 37.666834, "fair_value": 53.910535, "relative_strength": -9.559992, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.531484, "energy": 26.86548, "activity_lines": [ 35.562411, 35.619394, 35.701334, 36.595755 ] }, { "date": "2025-05-23", "close": 36.139244, "volume": 4778243, "typical_volume": 6802432.35, "trend": 37.581328, "fair_value": 53.794553, "relative_strength": -9.303528, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.129058, "energy": 15.84464, "activity_lines": [ 35.905748, 35.643252, 35.715569, 36.497201 ] }, { "date": "2025-05-30", "close": 37.007454, "volume": 5005464, "typical_volume": 6741949.2, "trend": 37.590865, "fair_value": 53.630217, "relative_strength": -6.561436, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.754022, "energy": 12.157373, "activity_lines": [ 36.397076, 35.866045, 35.83025, 36.460176 ] }, { "date": "2025-06-06", "close": 36.75, "volume": 3633974, "typical_volume": 6411957.85, "trend": 37.505328, "fair_value": 53.494371, "relative_strength": -7.734168, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.869257, "energy": 13.23245, "activity_lines": [ 36.611843, 36.04131, 35.925626, 36.405927 ] }, { "date": "2025-06-13", "close": 36.209999, "volume": 3754043, "typical_volume": 5844108.95, "trend": 37.362656, "fair_value": 53.32851, "relative_strength": -8.26379, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.843553, "energy": 12.23367, "activity_lines": [ 36.52236, 36.123075, 35.975216, 36.322357 ] }, { "date": "2025-06-20", "close": 35.599998, "volume": 3471360, "typical_volume": 5900926.95, "trend": 37.225303, "fair_value": 53.182516, "relative_strength": -8.893302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.28293, "energy": 11.038305, "activity_lines": [ 36.216276, 36.094796, 35.957118, 36.208638 ] }, { "date": "2025-06-27", "close": 35.75, "volume": 4073300, "typical_volume": 5864972.35, "trend": 37.019283, "fair_value": 53.034272, "relative_strength": -9.881531, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.223642, "energy": 13.006332, "activity_lines": [ 36.019163, 36.09929, 35.949203, 36.113457 ] }, { "date": "2025-07-04", "close": 36.110001, "volume": 4150826, "typical_volume": 5671012.8, "trend": 36.851572, "fair_value": 52.845976, "relative_strength": -9.972067, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.361965, "energy": 14.477268, "activity_lines": [ 35.968, 36.137748, 35.972541, 36.054793 ] }, { "date": "2025-07-11", "close": 36.529999, "volume": 6403062, "typical_volume": 5675896.5, "trend": 36.653793, "fair_value": 52.651854, "relative_strength": -9.669112, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.785524, "energy": 11.363311, "activity_lines": [ 36.116666, 36.216866, 36.033668, 36.034047 ] }, { "date": "2025-07-18", "close": 37.07, "volume": 5174844, "typical_volume": 5559901.8, "trend": 36.377327, "fair_value": 52.463485, "relative_strength": -8.629326, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.762391, "energy": 20.306659, "activity_lines": [ 36.46, 36.36428, 36.138868, 36.060899 ] }, { "date": "2025-07-25", "close": 37.849998, "volume": 6487370, "typical_volume": 5625785.3, "trend": 36.160406, "fair_value": 52.238932, "relative_strength": -7.876931, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.58756, "energy": 43.730088, "activity_lines": [ 37.005999, 36.634257, 36.305323, 36.15591 ] }, { "date": "2025-08-01", "close": 37.5, "volume": 8063703, "typical_volume": 5236574.15, "trend": 36.081452, "fair_value": 51.976121, "relative_strength": -7.539373, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.258078, "energy": 59.863929, "activity_lines": [ 37.285333, 36.815771, 36.423909, 36.242335 ] }, { "date": "2025-08-08", "close": 39.0, "volume": 7164034, "typical_volume": 5237563.4, "trend": 36.111366, "fair_value": 51.723631, "relative_strength": -5.508172, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.835735, "energy": 74.953977, "activity_lines": [ 37.948, 37.245272, 36.68963, 36.430629 ] }, { "date": "2025-08-15", "close": 40.299999, "volume": 6078500, "typical_volume": 5269308.95, "trend": 36.190204, "fair_value": 51.511023, "relative_strength": -3.709214, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.650313, "energy": 85.744985, "activity_lines": [ 38.851333, 37.874909, 37.069486, 36.700863 ] }, { "date": "2025-08-22", "close": 39.299999, "volume": 6723971, "typical_volume": 5447902.5, "trend": 36.36035, "fair_value": 51.29882, "relative_strength": -8.985551, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.867199, "energy": 78.759652, "activity_lines": [ 39.169999, 38.258181, 37.338424, 36.901495 ] }, { "date": "2025-08-29", "close": 39.330002, "volume": 5814976, "typical_volume": 5318473.9, "trend": 36.513407, "fair_value": 51.047212, "relative_strength": -9.405952, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.5442, "energy": 77.110901, "activity_lines": [ 39.35, 38.590727, 37.595732, 37.093085 ] }, { "date": "2025-09-05", "close": 37.540001, "volume": 6628392, "typical_volume": 5378941.55, "trend": 36.594302, "fair_value": 50.794351, "relative_strength": -12.151184, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.398066, "energy": 47.410601, "activity_lines": [ 38.834667, 38.53, 37.666242, 37.159317 ] }, { "date": "2025-09-12", "close": 37.23, "volume": 4435148, "typical_volume": 5307132.55, "trend": 36.647103, "fair_value": 50.568761, "relative_strength": -13.855252, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.222618, "energy": 26.778378, "activity_lines": [ 38.213334, 38.380364, 37.690458, 37.20033 ] }, { "date": "2025-09-19", "close": 36.740002, "volume": 4799710, "typical_volume": 5338705.85, "trend": 36.705606, "fair_value": 50.366174, "relative_strength": -13.418255, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.864074, "energy": 19.159442, "activity_lines": [ 37.546668, 38.121273, 37.653322, 37.206324 ] }, { "date": "2025-09-26", "close": 35.82, "volume": 4205898, "typical_volume": 5287028.3, "trend": 36.755147, "fair_value": 50.167912, "relative_strength": -15.270136, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.780624, "energy": 21.228325, "activity_lines": [ 36.810667, 37.691091, 37.51974, 37.149188 ] }, { "date": "2025-10-03", "close": 35.459999, "volume": 1956923, "typical_volume": 5140187.05, "trend": 36.777232, "fair_value": 49.964346, "relative_strength": -16.764191, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.473634, "energy": 34.901103, "activity_lines": [ 36.186667, 37.218182, 37.352782, 37.06563 ] }, { "date": "2025-10-10", "close": 36.16, "volume": 2060446, "typical_volume": 5004297.2, "trend": 36.702613, "fair_value": 49.769145, "relative_strength": -15.02239, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.618744, "energy": 32.120714, "activity_lines": [ 36.054, 36.916, 37.257369, 37.025808 ] }, { "date": "2025-10-17", "close": 35.950001, "volume": 4074961, "typical_volume": 4957772.05, "trend": 36.66868, "fair_value": 49.573361, "relative_strength": -13.881888, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.6943, "energy": 36.012683, "activity_lines": [ 35.943334, 36.6, 37.141857, 36.977253 ] }, { "date": "2025-10-24", "close": 36.060001, "volume": 3579062, "typical_volume": 4955026.45, "trend": 36.637098, "fair_value": 49.343385, "relative_strength": -15.647808, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.639677, "energy": 30.735013, "activity_lines": [ 35.954667, 36.359455, 37.041857, 36.937983 ] }, { "date": "2025-10-31", "close": 36.029999, "volume": 4784795, "typical_volume": 5006564.05, "trend": 36.62951, "fair_value": 49.112277, "relative_strength": -15.496211, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.747035, "energy": 18.517855, "activity_lines": [ 36.001333, 36.190546, 36.942286, 36.898815 ] }, { "date": "2025-11-07", "close": 35.75, "volume": 3611495, "typical_volume": 5013570.8, "trend": 36.624428, "fair_value": 48.818097, "relative_strength": -16.686496, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.290165, "energy": 22.816223, "activity_lines": [ 35.940667, 36.030182, 36.816905, 36.842073 ] }, { "date": "2025-11-14", "close": 36.880001, "volume": 4809073, "typical_volume": 5050359.45, "trend": 36.719827, "fair_value": 48.550372, "relative_strength": -13.449006, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.254349, "energy": 10.333215, "activity_lines": [ 36.237334, 36.140364, 36.798429, 36.858561 ] }, { "date": "2025-11-21", "close": 35.009998, "volume": 3754867, "typical_volume": 5030561.5, "trend": 36.748617, "fair_value": 48.303149, "relative_strength": -14.035031, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -61.677342, "energy": 32.821713, "activity_lines": [ 35.862666, 35.922545, 36.596476, 36.74825 ] }, { "date": "2025-11-28", "close": 35.07, "volume": 2959122, "typical_volume": 4858364.5, "trend": 36.754741, "fair_value": 48.07746, "relative_strength": -14.521839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.456589, "energy": 43.659164, "activity_lines": [ 35.570666, 35.756, 36.405476, 36.639952 ] }, { "date": "2025-12-05", "close": 34.880001, "volume": 2651886, "typical_volume": 4732216.6, "trend": 36.717042, "fair_value": 47.874641, "relative_strength": -14.805577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.664104, "energy": 53.723309, "activity_lines": [ 35.281333, 35.585273, 36.203333, 36.519001 ] }, { "date": "2025-12-12", "close": 33.18, "volume": 4442585, "typical_volume": 4629977.35, "trend": 36.60689, "fair_value": 47.650232, "relative_strength": -18.078389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.201033, "energy": 77.031927, "activity_lines": [ 34.502, 35.122545, 35.849714, 36.290805 ] }, { "date": "2025-12-19", "close": 33.169998, "volume": 4688684, "typical_volume": 4461226.4, "trend": 36.507915, "fair_value": 47.418239, "relative_strength": -17.372064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.788024, "energy": 80.508472, "activity_lines": [ 33.890666, 34.699454, 35.517381, 36.06907 ] }, { "date": "2025-12-26", "close": 41.32, "volume": 26820094, "typical_volume": 5444029.4, "trend": 36.651667, "fair_value": 47.24319, "relative_strength": 1.524224, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -4.573887, "energy": 4.420639, "activity_lines": [ 36.243333, 35.812545, 35.981857, 36.379527 ] }, { "date": "2026-01-02", "close": 43.279999, "volume": 15390567, "typical_volume": 5909632.75, "trend": 36.869333, "fair_value": 47.095216, "relative_strength": 6.502823, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.559486, "energy": 44.504295, "activity_lines": [ 38.828666, 37.184363, 36.621952, 36.807161 ] }, { "date": "2026-01-09", "close": 41.91, "volume": 15016867, "typical_volume": 6324277.55, "trend": 37.059333, "fair_value": 46.9629, "relative_strength": -0.315416, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.728727, "energy": 61.978783, "activity_lines": [ 40.409999, 38.175818, 37.117381, 37.132365 ] }, { "date": "2026-01-16", "close": 38.779999, "volume": 15358966, "typical_volume": 6801477.05, "trend": 37.165333, "fair_value": 46.815925, "relative_strength": -6.949782, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.753542, "energy": 55.236436, "activity_lines": [ 40.479333, 38.491272, 37.302285, 37.243376 ] }, { "date": "2026-01-23", "close": 38.16, "volume": 9771959, "typical_volume": 6958655.4, "trend": 37.245667, "fair_value": 46.655458, "relative_strength": -8.973859, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.495408, "energy": 67.40057, "activity_lines": [ 39.968666, 38.638909, 37.430762, 37.307548 ] }, { "date": "2026-01-30", "close": 38.349998, "volume": 7123217, "typical_volume": 7093058.85, "trend": 37.320333, "fair_value": 46.476527, "relative_strength": -7.875844, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.865157, "energy": 35.080793, "activity_lines": [ 39.188666, 38.797817, 37.57438, 37.378795 ] }, { "date": "2026-02-06", "close": 38.369999, "volume": 8316072, "typical_volume": 7268876.95, "trend": 37.381666, "fair_value": 46.327277, "relative_strength": -6.428643, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.805949, "energy": 18.278916, "activity_lines": [ 38.613332, 38.899636, 37.714571, 37.446516 ] }, { "date": "2026-02-13", "close": 36.77, "volume": 6004141, "typical_volume": 7358789.1, "trend": 37.371666, "fair_value": 46.160426, "relative_strength": -10.412026, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.202177, "energy": 17.641579, "activity_lines": [ 37.831999, 38.650545, 37.694619, 37.407053 ] }, { "date": "2026-02-27", "close": 36.150002, "volume": 3761190, "typical_volume": 7449002.45, "trend": 37.315, "fair_value": 45.992127, "relative_strength": -13.355681, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.207822, "energy": 13.695907, "activity_lines": [ 37.186667, 38.254363, 37.611095, 37.328236 ] }, { "date": "2026-03-06", "close": 36.16, "volume": 5559833, "typical_volume": 7623971.8, "trend": 37.270333, "fair_value": 45.746459, "relative_strength": -12.254238, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.517588, "energy": 18.354829, "activity_lines": [ 36.72, 37.806, 37.525238, 37.25372 ] }, { "date": "2026-03-13", "close": 37.009998, "volume": 3897483, "typical_volume": 7615097.9, "trend": 37.204, "fair_value": 45.491964, "relative_strength": -9.337756, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.836805, "energy": 16.467467, "activity_lines": [ 36.67, 37.457818, 37.520333, 37.236924 ] }, { "date": "2026-03-20", "close": 34.77, "volume": 5160500, "typical_volume": 7694169.8, "trend": 37.019667, "fair_value": 45.234625, "relative_strength": -11.428739, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.859961, "energy": 25.197656, "activity_lines": [ 35.962666, 36.780727, 37.297047, 37.079892 ] }, { "date": "2026-03-27", "close": 32.919998, "volume": 9280595, "typical_volume": 7918959.8, "trend": 36.807, "fair_value": 44.985813, "relative_strength": -14.787571, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.12635, "energy": 43.498891, "activity_lines": [ 34.878666, 35.921999, 36.903714, 36.815397 ] }, { "date": "2026-04-03", "close": 31.824774, "volume": 8505872, "typical_volume": 8163678.65, "trend": 36.556826, "fair_value": 44.737441, "relative_strength": -16.4462, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -79.961892, "energy": 75.914854, "activity_lines": [ 33.686257, 35.027595, 36.420883, 36.493964 ] }, { "date": "2026-04-10", "close": 31.242914, "volume": 8934953, "typical_volume": 8369972.65, "trend": 36.346923, "fair_value": 44.487925, "relative_strength": -19.683868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.178481, "energy": 84.726822, "activity_lines": [ 32.588244, 34.153856, 35.901328, 36.15113 ] }, { "date": "2026-04-17", "close": 31.203465, "volume": 5701397, "typical_volume": 8467299.15, "trend": 36.146038, "fair_value": 44.202201, "relative_strength": -20.546139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.679259, "energy": 87.56244, "activity_lines": [ 31.804887, 33.39871, 35.40486, 35.819295 ] }, { "date": "2026-04-24", "close": 34.6749, "volume": 10610619, "typical_volume": 8849874.0, "trend": 36.077201, "fair_value": 43.926275, "relative_strength": -11.99428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.748783, "energy": 77.747846, "activity_lines": [ 32.565777, 33.404671, 35.25713, 35.724382 ] }, { "date": "2026-05-01", "close": 34.024006, "volume": 9272556, "typical_volume": 9180907.5, "trend": 36.017335, "fair_value": 43.691884, "relative_strength": -13.965826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.975808, "energy": 51.66946, "activity_lines": [ 33.116042, 33.359471, 35.049293, 35.591918 ] }, { "date": "2026-05-08", "close": 36.755791, "volume": 10030931, "typical_volume": 9460324.8, "trend": 36.060528, "fair_value": 43.461668, "relative_strength": -8.226819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.616221, "energy": 17.747253, "activity_lines": [ 34.503302, 33.860887, 35.105701, 35.63956 ] }, { "date": "2026-05-15", "close": 36.893856, "volume": 13419101, "typical_volume": 9896845.65, "trend": 36.08499, "fair_value": 43.242324, "relative_strength": -6.541683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.407404, "energy": 23.0065, "activity_lines": [ 35.607848, 34.37639, 35.158231, 35.693324 ] }, { "date": "2026-05-22", "close": 37.475716, "volume": 12580464, "typical_volume": 9184864.15, "trend": 36.135847, "fair_value": 43.062783, "relative_strength": -4.216213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 13.234076, "energy": 26.798453, "activity_lines": [ 36.529619, 34.984344, 35.248443, 35.783048 ] }, { "date": "2026-05-29", "close": 36.765648, "volume": 9520483, "typical_volume": 8891359.95, "trend": 36.159369, "fair_value": 42.890911, "relative_strength": -4.66869, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.581678, "energy": 28.73045, "activity_lines": [ 36.796551, 35.454727, 35.289336, 35.82368 ] }, { "date": "2026-06-05", "close": 33.709999, "volume": 2265000, "typical_volume": 8253766.6, "trend": 36.082035, "fair_value": 42.686349, "relative_strength": -11.221936, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -22.218924, "energy": 19.670945, "activity_lines": [ 35.905549, 35.333253, 35.070236, 35.665656 ] }, { "date": "2026-06-12", "close": 33.900002, "volume": 1407213, "typical_volume": 7556178.95, "trend": 36.020369, "fair_value": 42.48189, "relative_strength": -10.357762, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.374626, "energy": 15.32782, "activity_lines": [ 35.098816, 35.231961, 34.908279, 35.52488 ] }, { "date": "2026-06-19", "close": 34.439999, "volume": 12373425, "typical_volume": 7686252.25, "trend": 35.939035, "fair_value": 42.298324, "relative_strength": -9.816909, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.781728, "energy": 23.006637, "activity_lines": [ 34.662467, 35.191119, 34.820988, 35.422921 ] }, { "date": "2026-06-26", "close": 29.799999, "volume": 1697919, "typical_volume": 7414987.35, "trend": 35.765369, "fair_value": 42.089862, "relative_strength": -20.216895, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.118633, "energy": 60.490242, "activity_lines": [ 32.843043, 34.248512, 34.309507, 35.026854 ] }, { "date": "2026-07-03", "close": 30.870001, "volume": 761300, "typical_volume": 7037248.75, "trend": 35.625369, "fair_value": 41.884139, "relative_strength": -17.205211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.767503, "energy": 71.979764, "activity_lines": [ 31.892, 33.525968, 33.940644, 34.711024 ] }, { "date": "2026-07-10", "close": 30.299999, "volume": 4058700, "typical_volume": 6939976.7, "trend": 35.472702, "fair_value": 41.688333, "relative_strength": -17.282407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.096305, "energy": 75.584552, "activity_lines": [ 31.144, 32.768968, 33.553211, 34.367451 ] }, { "date": "2026-07-17", "close": 30.280001, "volume": 4806005, "typical_volume": 6992217.45, "trend": 35.376035, "fair_value": 41.500215, "relative_strength": -11.804846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.362925, "energy": 75.581313, "activity_lines": [ 30.616667, 32.076041, 33.194682, 34.032438 ] }, { "date": "2026-07-24", "close": 29.049999, "volume": 6321787, "typical_volume": 7030315.15, "trend": 35.238702, "fair_value": 41.304817, "relative_strength": -15.988866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.146531, "energy": 76.625366, "activity_lines": [ 29.920666, 31.277218, 32.746962, 33.624307 ] }, { "date": "2026-07-31", "close": 31.83, "volume": 5466811, "typical_volume": 7108781.55, "trend": 34.922369, "fair_value": 41.103673, "relative_strength": -7.948354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.693882, "energy": 48.314826, "activity_lines": [ 30.510667, 31.126466, 32.597862, 33.404391 ] }, { "date": "2026-08-07", "close": 30.969999, "volume": 4181057, "typical_volume": 7059809.4, "trend": 34.512035, "fair_value": 40.832616, "relative_strength": -12.38616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.622162, "energy": 42.706649, "activity_lines": [ 30.678666, 30.922, 32.391524, 33.149399 ] } ], "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." } } }