{ "ticker": { "uuid": "c28e900d-b4d7-4f84-9d5f-e33477657a59", "symbol": "4550", "name": "Chang Jia M&E Engineering Corp.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 78.889, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 4.095, "architecture_energy": 7.031, "architecture_maturity": 19.158, "architecture_confidence": 36.774, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 69.36, "rotation_up": 21.42, "upward_expansion": 25.24, "deceleration": 68.29, "rotation_down": 34.16, "downward_expansion": 22.91 }, "activity_lines": [ 24.406666, 24.563828, 24.332946, 24.250332 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 24.4, "trend_reference": 24.388182, "distance_from_trend": 0.000485, "trend_direction": "Improving", "fair_value": 26.166966, "distance_from_fair_value": -0.067527, "fair_value_direction": "Improving", "relative_strength": -28.191207, "relative_strength_direction": "Improving", "price_momentum": -0.041059, "excess_performance": -0.482431, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.000485, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013049, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.067527, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.029837, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.281912, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.063275, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.041059, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.086098, "read": "Demand-led" } ], "volume": { "latest": 83272, "relative_activity": 0.560956, "balance": 3.086098, "dry_up": 0.327377, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.036743, "annualized_volatility": 0.127533, "from_high_reference": -0.153596, "from_low_reference": 0.071285 }, "levels": { "trend_reference": 24.388182, "fair_value_reference": 26.166966, "structural_low": 22.776378, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": -0.004927, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": -0.015284, "regime_survival": 0.555556, "best_return": 0.143145, "worst_return": -0.16763, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.003987, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.019566, "regime_survival": 0.4, "best_return": 0.06643, "worst_return": -0.254335, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.006845, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.05895, "regime_survival": 0.333333, "best_return": 0.171765, "worst_return": -0.140173, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.013648, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.150971, "regime_survival": 0.0, "best_return": 0.449567, "worst_return": -0.204975, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2025-01-10", "tenure": "Established", "return": -0.003472, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": -0.001681, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-07", "end": "2025-03-14", "tenure": "Developing", "return": 0.040336, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": -0.121359, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": -0.001831, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": -0.042146, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2025-12-19", "tenure": "Established", "return": -0.01, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": 0.143145, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.043478, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": -0.014056, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-05-08", "tenure": "Developing", "return": -0.010121, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-15", "end": "2026-06-19", "tenure": "Developing", "return": 0.053581, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-07-31", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 24.217617, "volume": 1045000, "typical_volume": 1239500.0, "trend": 22.96736, "fair_value": 17.963862, "relative_strength": 8.075808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.202742, "energy": 33.641604, "activity_lines": [ 24.09192, 23.941729, 23.788773, 23.645594 ] }, { "date": "2023-08-18", "close": 25.055595, "volume": 1012000, "typical_volume": 1217700.0, "trend": 23.170965, "fair_value": 18.021795, "relative_strength": 12.656911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.595861, "energy": 43.74364, "activity_lines": [ 24.393592, 24.176877, 23.893194, 23.780319 ] }, { "date": "2023-08-25", "close": 24.217617, "volume": 456000, "typical_volume": 1210700.0, "trend": 23.349257, "fair_value": 18.074836, "relative_strength": 7.678172, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.586554, "energy": 31.878652, "activity_lines": [ 24.382419, 24.222941, 23.917549, 23.847845 ] }, { "date": "2023-09-01", "close": 25.516487, "volume": 515000, "typical_volume": 1121550.0, "trend": 23.568224, "fair_value": 18.142869, "relative_strength": 11.757054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.290346, "energy": 56.336888, "activity_lines": [ 24.79303, 24.486532, 24.06784, 23.987666 ] }, { "date": "2023-09-08", "close": 25.34889, "volume": 548000, "typical_volume": 852150.0, "trend": 23.760639, "fair_value": 18.208716, "relative_strength": 10.981029, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.816228, "energy": 60.432256, "activity_lines": [ 25.052804, 24.683838, 24.202523, 24.102548 ] }, { "date": "2023-09-15", "close": 24.720406, "volume": 385000, "typical_volume": 812650.0, "trend": 23.898036, "fair_value": 18.270534, "relative_strength": 5.630051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.147238, "energy": 46.596539, "activity_lines": [ 25.002525, 24.740212, 24.272326, 24.164468 ] }, { "date": "2023-09-22", "close": 24.594707, "volume": 191000, "typical_volume": 767650.0, "trend": 24.005036, "fair_value": 18.330213, "relative_strength": 8.370563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.109009, "energy": 40.005097, "activity_lines": [ 24.876828, 24.746306, 24.334677, 24.209415 ] }, { "date": "2023-09-29", "close": 24.469011, "volume": 91000, "typical_volume": 620800.0, "trend": 24.110467, "fair_value": 18.38531, "relative_strength": 7.381428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.585548, "energy": 25.910012, "activity_lines": [ 24.739958, 24.728785, 24.392047, 24.239349 ] }, { "date": "2023-10-06", "close": 24.427113, "volume": 196000, "typical_volume": 561850.0, "trend": 24.211881, "fair_value": 18.441027, "relative_strength": 5.858593, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.140198, "energy": 16.173458, "activity_lines": [ 24.572362, 24.696028, 24.435607, 24.259778 ] }, { "date": "2023-10-13", "close": 25.30699, "volume": 819000, "typical_volume": 544550.0, "trend": 24.260072, "fair_value": 18.506161, "relative_strength": 7.604141, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.741944, "energy": 22.347034, "activity_lines": [ 24.770684, 24.817154, 24.550161, 24.33043 ] }, { "date": "2023-10-20", "close": 25.223192, "volume": 1489000, "typical_volume": 571400.0, "trend": 24.268782, "fair_value": 18.57098, "relative_strength": 9.046043, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.019517, "energy": 26.634832, "activity_lines": [ 24.943866, 24.896381, 24.642362, 24.392566 ] }, { "date": "2023-10-27", "close": 26.647758, "volume": 525000, "typical_volume": 559650.0, "trend": 24.323666, "fair_value": 18.64182, "relative_strength": 16.84397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.311131, "energy": 54.984209, "activity_lines": [ 25.558384, 25.216336, 24.863564, 24.546049 ] }, { "date": "2023-11-03", "close": 26.438263, "volume": 372000, "typical_volume": 552950.0, "trend": 24.38205, "fair_value": 18.710429, "relative_strength": 12.899525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.096536, "energy": 62.762499, "activity_lines": [ 25.966201, 25.469254, 25.047614, 24.682474 ] }, { "date": "2023-11-10", "close": 27.066748, "volume": 2808000, "typical_volume": 678300.0, "trend": 24.431245, "fair_value": 18.7844, "relative_strength": 13.878568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.725494, "energy": 70.511674, "activity_lines": [ 26.452229, 25.796066, 25.276065, 24.855681 ] }, { "date": "2023-11-17", "close": 27.737133, "volume": 1828000, "typical_volume": 719500.0, "trend": 24.546028, "fair_value": 18.863779, "relative_strength": 12.655126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.693197, "energy": 78.651745, "activity_lines": [ 26.985744, 26.21658, 25.551601, 25.068964 ] }, { "date": "2023-11-24", "close": 28.617012, "volume": 1889000, "typical_volume": 778850.0, "trend": 24.644278, "fair_value": 18.948576, "relative_strength": 15.077383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.120522, "energy": 80.071857, "activity_lines": [ 27.650541, 26.753649, 25.892579, 25.331608 ] }, { "date": "2023-12-01", "close": 30.795757, "volume": 6311000, "typical_volume": 1063050.0, "trend": 24.80205, "fair_value": 19.046894, "relative_strength": 21.908943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.7789, "energy": 86.840542, "activity_lines": [ 28.815333, 27.616006, 26.415319, 25.728478 ] }, { "date": "2023-12-08", "close": 30.837656, "volume": 1976000, "typical_volume": 1143350.0, "trend": 25.08308, "fair_value": 19.14526, "relative_strength": 21.606318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.610155, "energy": 86.969071, "activity_lines": [ 29.717557, 28.373235, 26.91232, 26.117872 ] }, { "date": "2023-12-15", "close": 30.125376, "volume": 962000, "typical_volume": 1181750.0, "trend": 25.362643, "fair_value": 19.239503, "relative_strength": 16.191261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.490191, "energy": 80.409639, "activity_lines": [ 30.089062, 28.885164, 27.309164, 26.443181 ] }, { "date": "2023-12-22", "close": 28.700809, "volume": 704000, "typical_volume": 1206100.0, "trend": 25.576375, "fair_value": 19.321949, "relative_strength": 10.669219, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.20484, "energy": 60.016755, "activity_lines": [ 29.781803, 29.034477, 27.541603, 26.658547 ] }, { "date": "2023-12-29", "close": 28.826508, "volume": 251000, "typical_volume": 1166400.0, "trend": 25.743195, "fair_value": 19.404979, "relative_strength": 8.615186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.795226, "energy": 48.246023, "activity_lines": [ 29.452198, 29.144939, 27.76287, 26.868233 ] }, { "date": "2024-01-05", "close": 29.077902, "volume": 280000, "typical_volume": 1129800.0, "trend": 25.9446, "fair_value": 19.490508, "relative_strength": 11.601001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.483484, "energy": 34.774829, "activity_lines": [ 29.192425, 29.235593, 27.986132, 27.083375 ] }, { "date": "2024-01-12", "close": 30.292973, "volume": 1252000, "typical_volume": 1169600.0, "trend": 26.181267, "fair_value": 19.584493, "relative_strength": 15.621586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.279438, "energy": 35.10394, "activity_lines": [ 29.452199, 29.502985, 28.305961, 27.363915 ] }, { "date": "2024-01-19", "close": 30.209173, "volume": 1872132, "typical_volume": 1237456.6, "trend": 26.403348, "fair_value": 19.674609, "relative_strength": 13.573414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.072284, "energy": 39.851268, "activity_lines": [ 29.720353, 29.685055, 28.588879, 27.62378 ] }, { "date": "2024-01-26", "close": 32.429821, "volume": 3123000, "typical_volume": 1366206.6, "trend": 26.688261, "fair_value": 19.777181, "relative_strength": 18.97879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.254149, "energy": 51.885714, "activity_lines": [ 30.723135, 30.213745, 29.060941, 28.012585 ] }, { "date": "2024-02-02", "close": 31.717533, "volume": 1317000, "typical_volume": 1412806.6, "trend": 26.971777, "fair_value": 19.879187, "relative_strength": 15.155146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.170148, "energy": 60.14151, "activity_lines": [ 31.239888, 30.527605, 29.431448, 28.337054 ] }, { "date": "2024-02-09", "close": 31.591841, "volume": 168000, "typical_volume": 1411656.6, "trend": 27.206412, "fair_value": 19.981498, "relative_strength": 13.767079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.789285, "energy": 65.314306, "activity_lines": [ 31.522008, 30.76224, 29.756664, 28.635123 ] }, { "date": "2024-02-16", "close": 30.167274, "volume": 859000, "typical_volume": 1450056.6, "trend": 27.41032, "fair_value": 20.076455, "relative_strength": 5.269158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.440963, "energy": 48.792877, "activity_lines": [ 31.161677, 30.723388, 29.912887, 28.826146 ] }, { "date": "2024-02-23", "close": 30.460566, "volume": 541000, "typical_volume": 1467306.6, "trend": 27.622609, "fair_value": 20.172403, "relative_strength": 4.401986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.663876, "energy": 37.769519, "activity_lines": [ 30.907489, 30.750051, 30.069909, 29.022936 ] }, { "date": "2024-03-01", "close": 30.795757, "volume": 537000, "typical_volume": 1453206.6, "trend": 27.854449, "fair_value": 20.266945, "relative_strength": 4.948904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.385877, "energy": 29.878207, "activity_lines": [ 30.748272, 30.831563, 30.230122, 29.227655 ] }, { "date": "2024-03-08", "close": 30.334871, "volume": 504000, "typical_volume": 1403956.6, "trend": 28.058358, "fair_value": 20.3572, "relative_strength": -1.250829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.309024, "energy": 22.521458, "activity_lines": [ 30.544365, 30.791188, 30.320305, 29.387682 ] }, { "date": "2024-03-15", "close": 32.178429, "volume": 1380000, "typical_volume": 1446706.6, "trend": 28.295786, "fair_value": 20.457939, "relative_strength": 5.17949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.46178, "energy": 33.410675, "activity_lines": [ 31.047154, 31.05858, 30.561723, 29.653493 ] }, { "date": "2024-03-22", "close": 32.220325, "volume": 963000, "typical_volume": 1476256.6, "trend": 28.562543, "fair_value": 20.558946, "relative_strength": 2.443276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.358734, "energy": 40.95354, "activity_lines": [ 31.524802, 31.277217, 30.780795, 29.906689 ] }, { "date": "2024-03-29", "close": 32.052731, "volume": 423000, "typical_volume": 1357006.6, "trend": 28.780417, "fair_value": 20.64666, "relative_strength": 1.574101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.532164, "energy": 41.86191, "activity_lines": [ 31.809716, 31.430339, 30.956372, 30.131863 ] }, { "date": "2024-04-05", "close": 32.262222, "volume": 218000, "typical_volume": 1276506.6, "trend": 29.010862, "fair_value": 20.737716, "relative_strength": 1.986388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.192234, "energy": 48.011136, "activity_lines": [ 32.058316, 31.588031, 31.128158, 30.356495 ] }, { "date": "2024-04-12", "close": 32.178429, "volume": 2980000, "typical_volume": 1331056.6, "trend": 29.259463, "fair_value": 20.825569, "relative_strength": -0.168044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.97396, "energy": 42.857903, "activity_lines": [ 32.18122, 31.733536, 31.270415, 30.560855 ] }, { "date": "2024-04-19", "close": 31.424246, "volume": 898000, "typical_volume": 1060406.6, "trend": 29.487114, "fair_value": 20.909921, "relative_strength": 3.463598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.884231, "energy": 33.234376, "activity_lines": [ 31.929827, 31.733536, 31.323887, 30.700518 ] }, { "date": "2024-04-26", "close": 31.843235, "volume": 361000, "typical_volume": 979656.6, "trend": 29.732921, "fair_value": 20.997402, "relative_strength": 1.833001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.603854, "energy": 30.478932, "activity_lines": [ 31.868375, 31.812763, 31.414269, 30.852526 ] }, { "date": "2024-05-03", "close": 31.968933, "volume": 226000, "typical_volume": 942856.6, "trend": 29.984315, "fair_value": 21.086134, "relative_strength": 1.299506, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.818444, "energy": 25.336841, "activity_lines": [ 31.873962, 31.884373, 31.511834, 30.996785 ] }, { "date": "2024-05-10", "close": 32.178429, "volume": 524000, "typical_volume": 933856.6, "trend": 30.213363, "fair_value": 21.175987, "relative_strength": -0.034704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.45039, "energy": 23.816779, "activity_lines": [ 31.954967, 31.966647, 31.620572, 31.13834 ] }, { "date": "2024-05-17", "close": 32.34602, "volume": 637000, "typical_volume": 953156.6, "trend": 30.450791, "fair_value": 21.269135, "relative_strength": -2.326707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.885445, "energy": 30.917517, "activity_lines": [ 32.097422, 32.054254, 31.728711, 31.275931 ] }, { "date": "2024-05-24", "close": 32.094627, "volume": 345000, "typical_volume": 956406.6, "trend": 30.632353, "fair_value": 21.373781, "relative_strength": -4.627156, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.323971, "energy": 28.960406, "activity_lines": [ 32.144907, 32.059586, 31.796148, 31.381985 ] }, { "date": "2024-05-31", "close": 32.806911, "volume": 1622000, "typical_volume": 974906.6, "trend": 30.844642, "fair_value": 21.484103, "relative_strength": -0.860646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.927083, "energy": 33.379627, "activity_lines": [ 32.385128, 32.195948, 31.917057, 31.522279 ] }, { "date": "2024-06-07", "close": 33.602989, "volume": 842000, "typical_volume": 923400.0, "trend": 31.062516, "fair_value": 21.595973, "relative_strength": -1.842433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.699894, "energy": 48.152671, "activity_lines": [ 32.826463, 32.466386, 32.101811, 31.700237 ] }, { "date": "2024-06-14", "close": 32.974503, "volume": 833000, "typical_volume": 808900.0, "trend": 31.237095, "fair_value": 21.702927, "relative_strength": -6.586601, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.523745, "energy": 45.920774, "activity_lines": [ 32.949365, 32.594368, 32.210548, 31.823591 ] }, { "date": "2024-06-21", "close": 32.848812, "volume": 391000, "typical_volume": 762600.0, "trend": 31.378155, "fair_value": 21.806852, "relative_strength": -9.987141, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.005236, "energy": 46.077333, "activity_lines": [ 32.977299, 32.686546, 32.304722, 31.927573 ] }, { "date": "2024-06-28", "close": 33.016407, "volume": 504000, "typical_volume": 779400.0, "trend": 31.452177, "fair_value": 21.91163, "relative_strength": -8.683435, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.162353, "energy": 42.045174, "activity_lines": [ 33.027579, 32.797007, 32.409469, 32.033266 ] }, { "date": "2024-07-05", "close": 33.149178, "volume": 422000, "typical_volume": 757550.0, "trend": 31.529228, "fair_value": 22.017036, "relative_strength": -10.37267, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.429768, "energy": 33.069026, "activity_lines": [ 33.060663, 32.90266, 32.520078, 32.14275 ] }, { "date": "2024-07-12", "close": 31.201832, "volume": 789000, "typical_volume": 769950.0, "trend": 31.56511, "fair_value": 22.10996, "relative_strength": -16.79064, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.422722, "energy": 9.797202, "activity_lines": [ 32.421815, 32.630506, 32.431026, 32.121628 ] }, { "date": "2024-07-19", "close": 30.626474, "volume": 417000, "typical_volume": 763950.0, "trend": 31.629298, "fair_value": 22.198307, "relative_strength": -14.506868, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.511193, "energy": 15.431477, "activity_lines": [ 31.751257, 32.267688, 32.283648, 32.061071 ] }, { "date": "2024-07-26", "close": 30.228157, "volume": 102000, "typical_volume": 743850.0, "trend": 31.67602, "fair_value": 22.282989, "relative_strength": -12.728985, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.142429, "energy": 41.533978, "activity_lines": [ 31.104463, 31.860667, 32.099141, 31.970675 ] }, { "date": "2024-08-02", "close": 30.051125, "volume": 150000, "typical_volume": 682350.0, "trend": 31.708461, "fair_value": 22.365648, "relative_strength": -11.282017, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.445338, "energy": 54.987623, "activity_lines": [ 30.573368, 31.459964, 31.898282, 31.865843 ] }, { "date": "2024-08-09", "close": 27.749714, "volume": 587000, "typical_volume": 663550.0, "trend": 31.623685, "fair_value": 22.434221, "relative_strength": -17.262129, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.07177, "energy": 82.859073, "activity_lines": [ 29.472821, 30.677978, 31.488371, 31.61044 ] }, { "date": "2024-08-16", "close": 25.492559, "volume": 827000, "typical_volume": 683750.0, "trend": 31.466465, "fair_value": 22.488548, "relative_strength": -26.634721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.760288, "energy": 91.752499, "activity_lines": [ 27.979854, 29.577549, 30.884781, 31.214883 ] }, { "date": "2024-08-23", "close": 25.713848, "volume": 186000, "typical_volume": 682150.0, "trend": 31.242599, "fair_value": 22.546292, "relative_strength": -25.072765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.720995, "energy": 93.309987, "activity_lines": [ 26.941268, 28.664816, 30.333506, 30.843747 ] }, { "date": "2024-08-30", "close": 25.713848, "volume": 92000, "typical_volume": 537750.0, "trend": 31.042476, "fair_value": 22.604925, "relative_strength": -25.09121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.574588, "energy": 91.584082, "activity_lines": [ 26.230191, 27.884096, 29.813413, 30.487053 ] }, { "date": "2024-09-06", "close": 25.492559, "volume": 129000, "typical_volume": 499300.0, "trend": 30.839167, "fair_value": 22.658581, "relative_strength": -22.52161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.859874, "energy": 90.281363, "activity_lines": [ 25.746304, 27.192868, 29.303029, 30.128994 ] }, { "date": "2024-09-13", "close": 23.235405, "volume": 636000, "typical_volume": 513050.0, "trend": 30.608105, "fair_value": 22.698246, "relative_strength": -30.090366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.695146, "energy": 95.292712, "activity_lines": [ 24.813937, 26.228045, 28.605924, 29.638429 ] }, { "date": "2024-09-20", "close": 23.146889, "volume": 366000, "typical_volume": 520050.0, "trend": 30.364315, "fair_value": 22.736628, "relative_strength": -31.214542, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.281337, "energy": 91.755658, "activity_lines": [ 24.153019, 25.427379, 27.941378, 29.15706 ] }, { "date": "2024-09-27", "close": 24.651659, "volume": 225000, "typical_volume": 505100.0, "trend": 30.159512, "fair_value": 22.785371, "relative_strength": -28.495344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.565081, "energy": 66.63601, "activity_lines": [ 24.150069, 25.046761, 27.462154, 28.788501 ] }, { "date": "2024-10-04", "close": 24.120564, "volume": 144000, "typical_volume": 480450.0, "trend": 29.952369, "fair_value": 22.830471, "relative_strength": -28.040578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.840901, "energy": 65.36093, "activity_lines": [ 24.040899, 24.678213, 26.968191, 28.398892 ] }, { "date": "2024-10-11", "close": 23.235405, "volume": 182000, "typical_volume": 472300.0, "trend": 29.654268, "fair_value": 22.871091, "relative_strength": -32.06528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.630872, "energy": 66.695128, "activity_lines": [ 23.742896, 24.259775, 26.429096, 27.965539 ] }, { "date": "2024-10-18", "close": 22.837084, "volume": 260000, "typical_volume": 404200.0, "trend": 29.341493, "fair_value": 22.909156, "relative_strength": -34.420239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.797875, "energy": 65.874275, "activity_lines": [ 23.462596, 23.892836, 25.894252, 27.525721 ] }, { "date": "2024-10-25", "close": 22.748569, "volume": 313000, "typical_volume": 377750.0, "trend": 29.031354, "fair_value": 22.947132, "relative_strength": -33.703627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.290156, "energy": 65.482403, "activity_lines": [ 23.179346, 23.599125, 25.398454, 27.100371 ] }, { "date": "2024-11-01", "close": 22.837084, "volume": 142000, "typical_volume": 343200.0, "trend": 28.717183, "fair_value": 22.985675, "relative_strength": -31.246144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.793273, "energy": 64.17076, "activity_lines": [ 22.952155, 23.371398, 24.962774, 26.700741 ] }, { "date": "2024-11-08", "close": 23.014116, "volume": 94000, "typical_volume": 328350.0, "trend": 28.411706, "fair_value": 23.023921, "relative_strength": -32.414166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.651234, "energy": 76.326627, "activity_lines": [ 22.904946, 23.228163, 24.592227, 26.332801 ] }, { "date": "2024-11-15", "close": 24.518887, "volume": 558000, "typical_volume": 331050.0, "trend": 28.181527, "fair_value": 23.070859, "relative_strength": -24.893838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.826685, "energy": 57.667774, "activity_lines": [ 23.433092, 23.407609, 24.411823, 26.081651 ] }, { "date": "2024-11-22", "close": 25.448301, "volume": 494713, "typical_volume": 334685.65, "trend": 27.968363, "fair_value": 23.124232, "relative_strength": -22.02811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.778722, "energy": 37.673147, "activity_lines": [ 24.185476, 23.773743, 24.3604, 25.905314 ] }, { "date": "2024-11-29", "close": 24.253338, "volume": 199000, "typical_volume": 305185.65, "trend": 27.711176, "fair_value": 23.169706, "relative_strength": -22.84256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.586713, "energy": 26.317362, "activity_lines": [ 24.365458, 23.882376, 24.231841, 25.665635 ] }, { "date": "2024-12-06", "close": 24.297596, "volume": 72000, "typical_volume": 287935.65, "trend": 27.448482, "fair_value": 23.214987, "relative_strength": -25.062525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.875608, "energy": 26.904936, "activity_lines": [ 24.459875, 23.978939, 24.140585, 25.445404 ] }, { "date": "2024-12-13", "close": 23.855017, "volume": 132000, "typical_volume": 289435.65, "trend": 27.165449, "fair_value": 23.258385, "relative_strength": -25.187553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.408943, "energy": 23.800498, "activity_lines": [ 24.309398, 24.00147, 24.037317, 25.213568 ] }, { "date": "2024-12-20", "close": 23.899275, "volume": 69000, "typical_volume": 285385.65, "trend": 26.89227, "fair_value": 23.301351, "relative_strength": -22.73916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.193444, "energy": 27.237398, "activity_lines": [ 24.117614, 24.036877, 23.968612, 25.002847 ] }, { "date": "2024-12-27", "close": 24.341854, "volume": 193000, "typical_volume": 265685.65, "trend": 26.610102, "fair_value": 23.348108, "relative_strength": -23.293088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.990831, "energy": 28.312215, "activity_lines": [ 24.114663, 24.140682, 23.971352, 24.838304 ] }, { "date": "2025-01-03", "close": 24.651659, "volume": 74000, "typical_volume": 228035.65, "trend": 26.311724, "fair_value": 23.396852, "relative_strength": -20.415811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.863183, "energy": 20.400082, "activity_lines": [ 24.288744, 24.273455, 24.019825, 24.711953 ] }, { "date": "2025-01-10", "close": 25.404043, "volume": 402000, "typical_volume": 238835.65, "trend": 26.059375, "fair_value": 23.449941, "relative_strength": -17.622741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.239995, "energy": 8.388358, "activity_lines": [ 24.687065, 24.508424, 24.143958, 24.653392 ] }, { "date": "2025-01-17", "close": 26.33346, "volume": 336000, "typical_volume": 251035.65, "trend": 25.842197, "fair_value": 23.508988, "relative_strength": -14.410243, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.603799, "energy": 25.19572, "activity_lines": [ 25.321429, 24.865707, 24.358082, 24.671075 ] }, { "date": "2025-01-24", "close": 26.289204, "volume": 108000, "typical_volume": 249985.65, "trend": 25.617957, "fair_value": 23.568944, "relative_strength": -15.08337, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.64655, "energy": 46.559526, "activity_lines": [ 25.775811, 25.15459, 24.56504, 24.699915 ] }, { "date": "2025-02-07", "close": 26.33346, "volume": 138167, "typical_volume": 225094.0, "trend": 25.390766, "fair_value": 23.628945, "relative_strength": -13.971804, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.550652, "energy": 57.387805, "activity_lines": [ 26.085616, 25.419333, 24.77242, 24.746076 ] }, { "date": "2025-02-14", "close": 25.536818, "volume": 108479, "typical_volume": 212217.95, "trend": 25.201932, "fair_value": 23.684794, "relative_strength": -14.591085, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.923885, "energy": 52.699528, "activity_lines": [ 25.9971, 25.523138, 24.889177, 24.755499 ] }, { "date": "2025-02-21", "close": 26.244944, "volume": 139260, "typical_volume": 207930.95, "trend": 25.055881, "fair_value": 23.74399, "relative_strength": -13.697162, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.230728, "energy": 47.709617, "activity_lines": [ 26.085616, 25.732357, 25.061993, 24.82279 ] }, { "date": "2025-02-28", "close": 26.156427, "volume": 54200, "typical_volume": 203440.95, "trend": 24.920157, "fair_value": 23.801902, "relative_strength": -10.822426, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.997525, "energy": 39.911742, "activity_lines": [ 26.088566, 25.890076, 25.218793, 24.893793 ] }, { "date": "2025-03-07", "close": 24.82869, "volume": 275041, "typical_volume": 208093.0, "trend": 24.746076, "fair_value": 23.852973, "relative_strength": -12.866795, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 41.02246, "energy": 25.981157, "activity_lines": [ 25.660739, 25.764544, 25.239446, 24.887892 ] }, { "date": "2025-03-14", "close": 27.395651, "volume": 986150, "typical_volume": 244400.5, "trend": 24.734274, "fair_value": 23.920022, "relative_strength": -0.764787, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.650791, "energy": 43.996821, "activity_lines": [ 26.185933, 26.088834, 25.496985, 25.058832 ] }, { "date": "2025-03-21", "close": 27.351391, "volume": 625085, "typical_volume": 260004.75, "trend": 24.796235, "fair_value": 23.987264, "relative_strength": -1.391802, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.171416, "energy": 47.682551, "activity_lines": [ 26.625562, 26.349554, 25.728602, 25.227678 ] }, { "date": "2025-03-28", "close": 27.351391, "volume": 130000, "typical_volume": 259404.75, "trend": 24.85082, "fair_value": 24.053791, "relative_strength": 1.887875, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.491407, "energy": 52.633792, "activity_lines": [ 26.944219, 26.561187, 25.9383, 25.392527 ] }, { "date": "2025-04-04", "close": 26.156427, "volume": 60063, "typical_volume": 257707.9, "trend": 24.865572, "fair_value": 24.112657, "relative_strength": -0.629505, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.147927, "energy": 53.239583, "activity_lines": [ 26.790791, 26.520147, 26.012695, 25.47676 ] }, { "date": "2025-04-11", "close": 24.032049, "volume": 903205, "typical_volume": 274968.15, "trend": 24.816889, "fair_value": 24.147169, "relative_strength": 0.126479, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.134723, "energy": 11.416524, "activity_lines": [ 25.929237, 26.096076, 25.869805, 25.422984 ] }, { "date": "2025-04-18", "close": 24.16482, "volume": 81036, "typical_volume": 254284.3, "trend": 24.847869, "fair_value": 24.192791, "relative_strength": 1.861358, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.984954, "energy": 12.795072, "activity_lines": [ 25.16505, 25.737184, 25.741879, 25.380915 ] }, { "date": "2025-04-25", "close": 24.297596, "volume": 149232, "typical_volume": 251795.9, "trend": 24.886226, "fair_value": 24.239027, "relative_strength": 0.570334, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.149173, "energy": 30.512557, "activity_lines": [ 24.66051, 25.441864, 25.632709, 25.345414 ] }, { "date": "2025-05-02", "close": 25.846622, "volume": 92000, "typical_volume": 252795.9, "trend": 24.926058, "fair_value": 24.295191, "relative_strength": 2.825222, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.240955, "energy": 23.650151, "activity_lines": [ 24.875899, 25.450715, 25.670855, 25.407375 ] }, { "date": "2025-05-09", "close": 26.112169, "volume": 102036, "typical_volume": 251297.7, "trend": 24.992445, "fair_value": 24.353297, "relative_strength": 3.783632, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.236953, "energy": 15.462977, "activity_lines": [ 25.280121, 25.51509, 25.726915, 25.483898 ] }, { "date": "2025-05-16", "close": 25.359785, "volume": 177060, "typical_volume": 256700.7, "trend": 25.063258, "fair_value": 24.407534, "relative_strength": -2.881844, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.188394, "energy": 6.193312, "activity_lines": [ 25.436499, 25.443473, 25.700571, 25.507597 ] }, { "date": "2025-05-23", "close": 24.297596, "volume": 285193, "typical_volume": 261310.35, "trend": 25.111941, "fair_value": 24.459018, "relative_strength": -5.519836, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.347279, "energy": 4.322583, "activity_lines": [ 25.150298, 25.169074, 25.566111, 25.4582 ] }, { "date": "2025-05-30", "close": 23.412439, "volume": 165000, "typical_volume": 265860.35, "trend": 25.13407, "fair_value": 24.504351, "relative_strength": -7.072209, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.379648, "energy": 24.601407, "activity_lines": [ 24.560193, 24.790065, 25.347562, 25.348555 ] }, { "date": "2025-06-06", "close": 24.120564, "volume": 115043, "typical_volume": 251512.5, "trend": 25.176853, "fair_value": 24.552792, "relative_strength": -4.971743, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.244737, "energy": 41.279626, "activity_lines": [ 24.26514, 24.611424, 25.202354, 25.283167 ] }, { "date": "2025-06-13", "close": 24.87295, "volume": 288050, "typical_volume": 249115.0, "trend": 25.238814, "fair_value": 24.612021, "relative_strength": -3.18577, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.053386, "energy": 45.848973, "activity_lines": [ 24.335953, 24.628323, 25.134913, 25.26356 ] }, { "date": "2025-06-20", "close": 23.824663, "volume": 379115, "typical_volume": 262670.75, "trend": 25.215673, "fair_value": 24.659758, "relative_strength": -6.557947, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.566899, "energy": 58.118004, "activity_lines": [ 24.139952, 24.47796, 24.974591, 25.172325 ] }, { "date": "2025-06-27", "close": 23.824663, "volume": 84011, "typical_volume": 259962.95, "trend": 25.161552, "fair_value": 24.707733, "relative_strength": -8.223575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.256442, "energy": 48.131459, "activity_lines": [ 24.046292, 24.331368, 24.826004, 25.082582 ] }, { "date": "2025-07-04", "close": 23.586416, "volume": 125671, "typical_volume": 260822.55, "trend": 25.139321, "fair_value": 24.756806, "relative_strength": -8.416565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.674328, "energy": 42.7857, "activity_lines": [ 23.904746, 24.147643, 24.666674, 24.980961 ] }, { "date": "2025-07-11", "close": 23.872313, "volume": 82080, "typical_volume": 257963.55, "trend": 25.125145, "fair_value": 24.806015, "relative_strength": -7.578734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.28218, "energy": 54.617944, "activity_lines": [ 23.8469, 24.028829, 24.54386, 24.899218 ] }, { "date": "2025-07-18", "close": 24.015261, "volume": 36040, "typical_volume": 257055.55, "trend": 25.130487, "fair_value": 24.853116, "relative_strength": -9.111334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.471262, "energy": 45.679176, "activity_lines": [ 23.853253, 23.971903, 24.445958, 24.827613 ] }, { "date": "2025-07-25", "close": 24.348804, "volume": 43007, "typical_volume": 245453.85, "trend": 25.145471, "fair_value": 24.900843, "relative_strength": -7.306427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.259615, "energy": 29.430015, "activity_lines": [ 24.027967, 24.013747, 24.390018, 24.777181 ] }, { "date": "2025-08-01", "close": 24.205858, "volume": 60054, "typical_volume": 199149.05, "trend": 25.140938, "fair_value": 24.94841, "relative_strength": -7.598472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.006127, "energy": 23.78072, "activity_lines": [ 24.120089, 24.047981, 24.322749, 24.716561 ] }, { "date": "2025-08-08", "close": 24.348804, "volume": 60893, "typical_volume": 170939.45, "trend": 25.130843, "fair_value": 24.998909, "relative_strength": -8.734615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.898843, "energy": 17.226673, "activity_lines": [ 24.234447, 24.109874, 24.284284, 24.665456 ] }, { "date": "2025-08-15", "close": 23.919962, "volume": 139244, "typical_volume": 171401.65, "trend": 25.081373, "fair_value": 25.045148, "relative_strength": -11.01908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.187704, "energy": 18.839715, "activity_lines": [ 24.155031, 24.076771, 24.219275, 24.587335 ] }, { "date": "2025-08-22", "close": 24.205858, "volume": 143440, "typical_volume": 175570.5, "trend": 25.010453, "fair_value": 25.090699, "relative_strength": -7.599425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.86437, "energy": 18.101255, "activity_lines": [ 24.167738, 24.099296, 24.197834, 24.53085 ] }, { "date": "2025-08-29", "close": 23.634066, "volume": 186040, "typical_volume": 139712.25, "trend": 24.921949, "fair_value": 25.132584, "relative_strength": -11.240021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.07097, "energy": 30.68577, "activity_lines": [ 23.977141, 24.029988, 24.131225, 24.442051 ] }, { "date": "2025-09-05", "close": 23.777016, "volume": 158000, "typical_volume": 143560.45, "trend": 24.836734, "fair_value": 25.171103, "relative_strength": -11.370936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.930064, "energy": 35.438528, "activity_lines": [ 23.881843, 23.990136, 24.080125, 24.368184 ] }, { "date": "2025-09-12", "close": 24.06291, "volume": 232030, "typical_volume": 147700.35, "trend": 24.787603, "fair_value": 25.211957, "relative_strength": -13.383846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.146634, "energy": 29.858753, "activity_lines": [ 23.910433, 24.003132, 24.058101, 24.31826 ] }, { "date": "2025-09-19", "close": 24.110559, "volume": 64192, "typical_volume": 146309.95, "trend": 24.716457, "fair_value": 25.254882, "relative_strength": -13.373018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.871834, "energy": 28.232659, "activity_lines": [ 23.973965, 24.016127, 24.041731, 24.27458 ] }, { "date": "2025-09-26", "close": 23.729364, "volume": 166028, "typical_volume": 149509.55, "trend": 24.635555, "fair_value": 25.293094, "relative_strength": -14.572595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.158923, "energy": 28.312594, "activity_lines": [ 23.897726, 23.955482, 23.997325, 24.210896 ] }, { "date": "2025-10-03", "close": 23.681715, "volume": 38396, "typical_volume": 142576.35, "trend": 24.597323, "fair_value": 25.332262, "relative_strength": -18.223057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.494981, "energy": 30.831308, "activity_lines": [ 23.83737, 23.891372, 23.959727, 24.149358 ] }, { "date": "2025-10-10", "close": 23.538769, "volume": 51230, "typical_volume": 130878.2, "trend": 24.46876, "fair_value": 25.371017, "relative_strength": -20.015141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.956336, "energy": 40.180274, "activity_lines": [ 23.726188, 23.813401, 23.916506, 24.081064 ] }, { "date": "2025-10-17", "close": 23.681715, "volume": 68195, "typical_volume": 126037.95, "trend": 24.346437, "fair_value": 25.411444, "relative_strength": -19.31887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.956943, "energy": 44.796143, "activity_lines": [ 23.678539, 23.773549, 23.890512, 24.030287 ] }, { "date": "2025-10-24", "close": 23.729364, "volume": 160050, "typical_volume": 128288.3, "trend": 24.225703, "fair_value": 25.458728, "relative_strength": -19.672875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.904359, "energy": 40.351336, "activity_lines": [ 23.672185, 23.754489, 23.867775, 23.990476 ] }, { "date": "2025-10-31", "close": 23.491117, "volume": 85102, "typical_volume": 118140.9, "trend": 24.13686, "fair_value": 25.501713, "relative_strength": -22.255781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.500577, "energy": 41.732616, "activity_lines": [ 23.611829, 23.695577, 23.824209, 23.943083 ] }, { "date": "2025-11-07", "close": 23.538769, "volume": 81068, "typical_volume": 103238.55, "trend": 24.120417, "fair_value": 25.542988, "relative_strength": -20.241842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.55633, "energy": 35.474214, "activity_lines": [ 23.58324, 23.658324, 23.791763, 23.904497 ] }, { "date": "2025-11-14", "close": 23.300522, "volume": 75010, "typical_volume": 102788.5, "trend": 24.091607, "fair_value": 25.583492, "relative_strength": -20.135215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.022351, "energy": 47.285451, "activity_lines": [ 23.484765, 23.579486, 23.737987, 23.8516 ] }, { "date": "2025-11-21", "close": 23.252871, "volume": 71000, "typical_volume": 100054.95, "trend": 24.056783, "fair_value": 25.615878, "relative_strength": -17.099287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.20091, "energy": 57.440306, "activity_lines": [ 23.38629, 23.500648, 23.682169, 23.797488 ] }, { "date": "2025-11-28", "close": 23.44347, "volume": 65020, "typical_volume": 99201.95, "trend": 23.976678, "fair_value": 25.649739, "relative_strength": -19.642332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.498039, "energy": 51.587385, "activity_lines": [ 23.379937, 23.471192, 23.646092, 23.75792 ] }, { "date": "2025-12-05", "close": 23.538769, "volume": 114050, "typical_volume": 103102.45, "trend": 23.890898, "fair_value": 25.683202, "relative_strength": -19.97596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.827092, "energy": 42.066601, "activity_lines": [ 23.42441, 23.471193, 23.621133, 23.729668 ] }, { "date": "2025-12-12", "close": 23.538769, "volume": 106260, "typical_volume": 106265.1, "trend": 23.830197, "fair_value": 25.714397, "relative_strength": -20.281758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.063949, "energy": 29.093267, "activity_lines": [ 23.465706, 23.474658, 23.598443, 23.70695 ] }, { "date": "2025-12-19", "close": 23.586416, "volume": 36000, "typical_volume": 105062.4, "trend": 23.806491, "fair_value": 25.745394, "relative_strength": -18.396801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.341067, "energy": 17.634977, "activity_lines": [ 23.522885, 23.489386, 23.584148, 23.691222 ] }, { "date": "2025-12-26", "close": 23.634066, "volume": 204150, "typical_volume": 112225.25, "trend": 23.813879, "fair_value": 25.777956, "relative_strength": -20.349994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.956735, "energy": 15.72333, "activity_lines": [ 23.576887, 23.511911, 23.577341, 23.680098 ] }, { "date": "2026-01-02", "close": 24.777651, "volume": 461081, "typical_volume": 128317.1, "trend": 23.835782, "fair_value": 25.819865, "relative_strength": -18.450147, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.661717, "energy": 28.430734, "activity_lines": [ 23.986672, 23.743227, 23.68285, 23.742276 ] }, { "date": "2026-01-09", "close": 23.824663, "volume": 147135, "typical_volume": 128501.85, "trend": 23.800839, "fair_value": 25.855664, "relative_strength": -23.60713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.489457, "energy": 17.567547, "activity_lines": [ 23.989848, 23.782213, 23.693515, 23.741559 ] }, { "date": "2026-01-16", "close": 25.49239, "volume": 179241, "typical_volume": 128161.9, "trend": 23.85643, "fair_value": 25.901903, "relative_strength": -20.740992, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 51.183204, "energy": 56.139475, "activity_lines": [ 24.529874, 24.118357, 23.864825, 23.850691 ] }, { "date": "2026-01-23", "close": 27.017168, "volume": 571347, "typical_volume": 148829.25, "trend": 23.962847, "fair_value": 25.953632, "relative_strength": -16.997508, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 87.042522, "energy": 82.669316, "activity_lines": [ 25.447917, 24.696213, 24.172504, 24.05461 ] }, { "date": "2026-01-30", "close": 25.206495, "volume": 272220, "typical_volume": 150838.75, "trend": 24.016849, "fair_value": 25.994258, "relative_strength": -22.321186, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.255033, "energy": 68.483475, "activity_lines": [ 25.533686, 24.877281, 24.292308, 24.134845 ] }, { "date": "2026-02-06", "close": 25.444742, "volume": 68353, "typical_volume": 151046.8, "trend": 24.069263, "fair_value": 26.035907, "relative_strength": -20.408605, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.53948, "energy": 69.137528, "activity_lines": [ 25.594042, 25.066145, 24.429357, 24.226968 ] }, { "date": "2026-02-13", "close": 25.444742, "volume": 96000, "typical_volume": 147545.4, "trend": 24.116913, "fair_value": 26.073524, "relative_strength": -24.22468, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.252505, "energy": 52.352223, "activity_lines": [ 25.609926, 25.218623, 24.560052, 24.315708 ] }, { "date": "2026-02-27", "close": 25.444742, "volume": 83002, "typical_volume": 149775.7, "trend": 24.153444, "fair_value": 26.10459, "relative_strength": -27.554603, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.943992, "energy": 35.139964, "activity_lines": [ 25.517804, 25.336447, 24.682579, 24.401374 ] }, { "date": "2026-03-06", "close": 24.777651, "volume": 64000, "typical_volume": 150414.2, "trend": 24.172504, "fair_value": 26.126339, "relative_strength": -25.066132, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.670648, "energy": 24.065286, "activity_lines": [ 25.206495, 25.298328, 24.733178, 24.441646 ] }, { "date": "2026-03-13", "close": 24.110559, "volume": 77062, "typical_volume": 150857.55, "trend": 24.164562, "fair_value": 26.144317, "relative_strength": -26.102955, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.312484, "energy": 14.177059, "activity_lines": [ 24.822123, 25.11726, 24.714345, 24.437649 ] }, { "date": "2026-03-20", "close": 23.729364, "volume": 122277, "typical_volume": 148968.9, "trend": 24.158209, "fair_value": 26.159347, "relative_strength": -26.804932, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.487569, "energy": 14.512922, "activity_lines": [ 24.383749, 24.858221, 24.657166, 24.409572 ] }, { "date": "2026-03-27", "close": 23.538769, "volume": 72114, "typical_volume": 148319.5, "trend": 24.135973, "fair_value": 26.15728, "relative_strength": -25.677135, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.712642, "energy": 20.559635, "activity_lines": [ 23.996201, 24.583588, 24.581835, 24.369608 ] }, { "date": "2026-04-03", "close": 23.395819, "volume": 31340, "typical_volume": 145833.1, "trend": 24.128031, "fair_value": 26.147241, "relative_strength": -24.067079, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.947594, "energy": 27.802599, "activity_lines": [ 23.688069, 24.288162, 24.492662, 24.321856 ] }, { "date": "2026-04-10", "close": 23.538769, "volume": 44055, "typical_volume": 144285.35, "trend": 24.12009, "fair_value": 26.137866, "relative_strength": -28.926479, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.377676, "energy": 35.949124, "activity_lines": [ 23.564181, 24.056846, 24.417785, 24.28384 ] }, { "date": "2026-04-17", "close": 23.538769, "volume": 73100, "typical_volume": 144390.35, "trend": 24.102618, "fair_value": 26.130507, "relative_strength": -30.762416, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.488461, "energy": 40.86128, "activity_lines": [ 23.522885, 23.888774, 24.341773, 24.246335 ] }, { "date": "2026-04-24", "close": 23.538769, "volume": 192000, "typical_volume": 150739.35, "trend": 24.083559, "fair_value": 26.117352, "relative_strength": -33.661244, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.122767, "energy": 36.454711, "activity_lines": [ 23.519709, 23.751024, 24.264399, 24.209958 ] }, { "date": "2026-05-01", "close": 23.014624, "volume": 146032, "typical_volume": 152338.45, "trend": 24.059734, "fair_value": 26.109153, "relative_strength": -34.252838, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.578959, "energy": 49.301184, "activity_lines": [ 23.354524, 23.55263, 24.136654, 24.140994 ] }, { "date": "2026-05-08", "close": 23.300522, "volume": 102000, "typical_volume": 152125.45, "trend": 24.047028, "fair_value": 26.093968, "relative_strength": -36.796055, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.414509, "energy": 49.166507, "activity_lines": [ 23.319581, 23.4504, 24.038632, 24.092013 ] }, { "date": "2026-05-15", "close": 23.538769, "volume": 173740, "typical_volume": 159012.45, "trend": 24.047028, "fair_value": 26.077789, "relative_strength": -34.518729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -29.975657, "energy": 41.02453, "activity_lines": [ 23.370407, 23.430474, 23.964436, 24.059222 ] }, { "date": "2026-05-22", "close": 23.824663, "volume": 195325, "typical_volume": 158571.2, "trend": 24.051792, "fair_value": 26.086878, "relative_strength": -34.580664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.13202, "energy": 36.795583, "activity_lines": [ 23.516532, 23.485054, 23.917694, 24.044876 ] }, { "date": "2026-05-29", "close": 24.06291, "volume": 187221, "typical_volume": 144878.2, "trend": 24.062911, "fair_value": 26.101779, "relative_strength": -36.742503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.047272, "energy": 19.181791, "activity_lines": [ 23.723012, 23.58815, 23.892734, 24.045593 ] }, { "date": "2026-06-05", "close": 23.824663, "volume": 235414, "typical_volume": 149292.15, "trend": 24.074029, "fair_value": 26.111624, "relative_strength": -37.02945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.583319, "energy": 21.719423, "activity_lines": [ 23.815134, 23.641864, 23.848489, 24.030222 ] }, { "date": "2026-06-12", "close": 24.110559, "volume": 352218, "typical_volume": 157941.0, "trend": 24.093089, "fair_value": 26.113474, "relative_strength": -34.115714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.03149, "energy": 20.013159, "activity_lines": [ 23.948551, 23.74236, 23.831471, 24.032579 ] }, { "date": "2026-06-19", "close": 24.799999, "volume": 364364, "typical_volume": 147591.85, "trend": 24.143071, "fair_value": 26.124783, "relative_strength": -34.68142, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 31.386077, "energy": 28.985461, "activity_lines": [ 24.25778, 23.955214, 23.886694, 24.078186 ] }, { "date": "2026-06-26", "close": 24.299999, "volume": 131176, "typical_volume": 140539.65, "trend": 24.177975, "fair_value": 26.13188, "relative_strength": -32.427886, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.453972, "energy": 22.082764, "activity_lines": [ 24.31626, 24.054228, 23.904857, 24.08831 ] }, { "date": "2026-07-03", "close": 24.950001, "volume": 125433, "typical_volume": 143393.65, "trend": 24.228193, "fair_value": 26.140875, "relative_strength": -33.063859, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.543893, "energy": 37.808652, "activity_lines": [ 24.559719, 24.257583, 23.98924, 24.138119 ] }, { "date": "2026-07-10", "close": 25.6, "volume": 319050, "typical_volume": 154546.15, "trend": 24.296901, "fair_value": 26.151885, "relative_strength": -28.327489, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.95756, "energy": 59.308694, "activity_lines": [ 24.960704, 24.553461, 24.137885, 24.226622 ] }, { "date": "2026-07-17", "close": 24.4, "volume": 102073, "typical_volume": 155499.7, "trend": 24.325608, "fair_value": 26.1595, "relative_strength": -26.534788, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.034529, "energy": 37.069812, "activity_lines": [ 24.843333, 24.58415, 24.171504, 24.233274 ] }, { "date": "2026-07-24", "close": 24.6, "volume": 37020, "typical_volume": 154150.7, "trend": 24.359395, "fair_value": 26.159802, "relative_strength": -26.762658, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.277839, "energy": 24.998476, "activity_lines": [ 24.773333, 24.631213, 24.229146, 24.250976 ] }, { "date": "2026-07-31", "close": 24.299999, "volume": 51000, "typical_volume": 152847.6, "trend": 24.381592, "fair_value": 26.161405, "relative_strength": -25.871359, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.541236, "energy": 17.789193, "activity_lines": [ 24.616666, 24.604435, 24.259063, 24.247144 ] }, { "date": "2026-08-07", "close": 24.4, "volume": 23100, "typical_volume": 147888.75, "trend": 24.369004, "fair_value": 26.16338, "relative_strength": -26.533725, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.792583, "energy": 7.838399, "activity_lines": [ 24.493333, 24.587196, 24.297601, 24.248332 ] }, { "date": "2026-08-14", "close": 24.4, "volume": 83272, "typical_volume": 148446.65, "trend": 24.388182, "fair_value": 26.166966, "relative_strength": -28.191207, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.095409, "energy": 7.031482, "activity_lines": [ 24.406666, 24.563828, 24.332946, 24.250332 ] } ], "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." } } }