{ "ticker": { "uuid": "c3ec4bb6-faa6-4460-91d8-6b97bbf278bf", "symbol": "601088", "name": "China Shenhua Energy Company Limited", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 57.898, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 5.316, "architecture_energy": 18.532, "architecture_maturity": 32.853, "architecture_confidence": 57.789, "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": 57.36, "rotation_up": 52.38, "upward_expansion": 32.53, "deceleration": 47.27, "rotation_down": 17.09, "downward_expansion": 21.19 }, "activity_lines": [ 44.564667, 43.311321, 44.04606, 44.496027 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 43.939999, "trend_reference": 44.413733, "distance_from_trend": -0.010666, "trend_direction": "Improving", "fair_value": 36.79406, "distance_from_fair_value": 0.194214, "fair_value_direction": "Weakening", "relative_strength": 4.513338, "relative_strength_direction": "Improving", "price_momentum": 0.047937, "excess_performance": 0.091141, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.010666, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.015297, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.194214, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.090742, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.045133, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.024626, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.047937, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.177427, "read": "Demand-led" } ], "volume": { "latest": 173477303, "relative_activity": 1.143062, "balance": 1.177427, "dry_up": 1.309862, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.065903, "annualized_volatility": 0.323079, "from_high_reference": -0.127829, "from_low_reference": 0.206962 }, "levels": { "trend_reference": 44.413733, "fair_value_reference": 36.79406, "structural_low": 37.90791, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.012302, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": 0.005189, "regime_survival": 0.4, "best_return": 0.247216, "worst_return": -0.080282, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.057487, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.024448, "regime_survival": 0.166667, "best_return": 0.214602, "worst_return": -0.127465, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.080431, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.106519, "regime_survival": 0.0, "best_return": 0.245575, "worst_return": -0.078404, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.213698, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.23488, "regime_survival": 0.0, "best_return": 0.696284, "worst_return": 0.016453, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-10", "end": "2023-11-24", "tenure": "New", "return": -0.001608, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-08-02", "tenure": "Extended", "return": 0.306216, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-12-06", "tenure": "Established", "return": 0.084251, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2025-01-31", "tenure": "Developing", "return": -0.061033, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": -0.090255, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-05-02", "tenure": "Developing", "return": 0.080395, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": 0.022142, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-20", "tenure": "New", "return": -0.003033, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2025-12-12", "tenure": "Established", "return": 0.08442, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-30", "tenure": "Developing", "return": 0.033013, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-04-17", "tenure": "Developing", "return": 0.093113, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-24", "end": "2026-06-26", "tenure": "Developing", "return": -0.182019, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": 0.1508, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 24.937838, "volume": 65424826, "typical_volume": 126145290.25, "trend": 23.457472, "fair_value": 18.122851, "relative_strength": 2.86551, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.697257, "energy": 49.028961, "activity_lines": [ 24.867001, 24.594395, 24.249883, 23.898465 ] }, { "date": "2023-08-04", "close": 24.402388, "volume": 67031084, "typical_volume": 121356127.65, "trend": 23.52898, "fair_value": 18.211645, "relative_strength": 0.170893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.344477, "energy": 31.400354, "activity_lines": [ 24.69908, 24.616445, 24.298603, 23.959428 ] }, { "date": "2023-08-11", "close": 24.147833, "volume": 73265778, "typical_volume": 116206905.95, "trend": 23.592003, "fair_value": 18.299241, "relative_strength": 2.035962, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.388489, "energy": 18.900644, "activity_lines": [ 24.471442, 24.577823, 24.31651, 23.999354 ] }, { "date": "2023-08-18", "close": 24.007387, "volume": 51415563, "typical_volume": 107589855.5, "trend": 23.613813, "fair_value": 18.386588, "relative_strength": 3.071222, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.190164, "energy": 15.928194, "activity_lines": [ 24.266626, 24.488666, 24.317256, 24.026153 ] }, { "date": "2023-08-25", "close": 24.481392, "volume": 88148795, "typical_volume": 107611498.0, "trend": 23.658676, "fair_value": 18.476843, "relative_strength": 7.192745, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.171787, "energy": 17.302842, "activity_lines": [ 24.308175, 24.480681, 24.356922, 24.082125 ] }, { "date": "2023-09-01", "close": 25.236282, "volume": 119937254, "typical_volume": 107559740.1, "trend": 23.741058, "fair_value": 18.570765, "relative_strength": 7.861171, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.068977, "energy": 24.067322, "activity_lines": [ 24.58848, 24.603793, 24.45835, 24.183906 ] }, { "date": "2023-09-08", "close": 25.841955, "volume": 137067438, "typical_volume": 106985376.55, "trend": 23.858403, "fair_value": 18.667745, "relative_strength": 10.890704, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.702449, "energy": 53.461256, "activity_lines": [ 25.050779, 24.814948, 24.606269, 24.319448 ] }, { "date": "2023-09-15", "close": 27.360521, "volume": 142195115, "typical_volume": 108141379.95, "trend": 24.044364, "fair_value": 18.774329, "relative_strength": 17.0609, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.159321, "energy": 82.015984, "activity_lines": [ 25.923296, 25.282886, 24.887153, 24.545391 ] }, { "date": "2023-09-22", "close": 27.430744, "volume": 113322349, "typical_volume": 110409497.65, "trend": 24.210639, "fair_value": 18.879974, "relative_strength": 16.60999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.699775, "energy": 87.994348, "activity_lines": [ 26.605042, 25.724172, 25.156025, 24.763867 ] }, { "date": "2023-09-29", "close": 27.386854, "volume": 69604014, "typical_volume": 102086959.2, "trend": 24.359066, "fair_value": 18.98612, "relative_strength": 16.998145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.007673, "energy": 89.382566, "activity_lines": [ 27.043933, 26.119335, 25.404792, 24.968784 ] }, { "date": "2023-10-13", "close": 27.009409, "volume": 76396955, "typical_volume": 98592187.2, "trend": 24.504044, "fair_value": 19.086937, "relative_strength": 16.040641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.154843, "energy": 84.578608, "activity_lines": [ 27.163313, 26.389533, 25.605541, 25.139774 ] }, { "date": "2023-10-20", "close": 27.018187, "volume": 81718075, "typical_volume": 95046480.65, "trend": 24.637228, "fair_value": 19.189243, "relative_strength": 19.973835, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.542594, "energy": 73.122615, "activity_lines": [ 27.167409, 26.623662, 25.797198, 25.301977 ] }, { "date": "2023-10-27", "close": 26.640739, "volume": 83511783, "typical_volume": 91931627.55, "trend": 24.746817, "fair_value": 19.288522, "relative_strength": 16.771675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.173484, "energy": 52.680843, "activity_lines": [ 26.967275, 26.741604, 25.936682, 25.431236 ] }, { "date": "2023-11-03", "close": 26.658293, "volume": 84299966, "typical_volume": 90605254.1, "trend": 24.878748, "fair_value": 19.387435, "relative_strength": 16.16271, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.66299, "energy": 43.320483, "activity_lines": [ 26.820977, 26.817413, 26.059419, 25.554557 ] }, { "date": "2023-11-10", "close": 27.299076, "volume": 116046878, "typical_volume": 91264307.0, "trend": 25.043589, "fair_value": 19.488547, "relative_strength": 18.373717, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.344688, "energy": 40.369243, "activity_lines": [ 26.93977, 26.961529, 26.229248, 25.710707 ] }, { "date": "2023-11-17", "close": 27.035742, "volume": 65772495, "typical_volume": 92046152.75, "trend": 25.181924, "fair_value": 19.589446, "relative_strength": 16.332061, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.025933, "energy": 35.188569, "activity_lines": [ 26.976637, 27.006535, 26.358968, 25.839233 ] }, { "date": "2023-11-24", "close": 27.255186, "volume": 71466070, "typical_volume": 89455296.0, "trend": 25.310651, "fair_value": 19.691882, "relative_strength": 17.445328, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.612535, "energy": 40.427574, "activity_lines": [ 27.084897, 27.058723, 26.495235, 25.972992 ] }, { "date": "2023-12-01", "close": 27.658966, "volume": 100093074, "typical_volume": 88261781.65, "trend": 25.451495, "fair_value": 19.791784, "relative_strength": 19.022723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.533075, "energy": 46.543066, "activity_lines": [ 27.31195, 27.158631, 26.658169, 26.124496 ] }, { "date": "2023-12-08", "close": 26.842628, "volume": 105366085, "typical_volume": 90493971.35, "trend": 25.543369, "fair_value": 19.887973, "relative_strength": 17.577147, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.31051, "energy": 36.907011, "activity_lines": [ 27.199008, 27.104687, 26.73161, 26.214247 ] }, { "date": "2023-12-15", "close": 26.693405, "volume": 116974321, "typical_volume": 91452895.9, "trend": 25.604752, "fair_value": 19.98212, "relative_strength": 17.535582, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.978153, "energy": 27.773803, "activity_lines": [ 27.024037, 27.034304, 26.78365, 26.288443 ] }, { "date": "2023-12-22", "close": 27.544853, "volume": 129648782, "typical_volume": 94664093.7, "trend": 25.692098, "fair_value": 20.074909, "relative_strength": 21.792653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.213636, "energy": 35.310205, "activity_lines": [ 27.173259, 27.131339, 26.905327, 26.41361 ] }, { "date": "2023-12-29", "close": 27.518522, "volume": 152882855, "typical_volume": 98956682.25, "trend": 25.822351, "fair_value": 20.16931, "relative_strength": 18.633474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.614169, "energy": 31.484405, "activity_lines": [ 27.279764, 27.213851, 27.012082, 26.531444 ] }, { "date": "2024-01-05", "close": 29.36187, "volume": 144869306, "typical_volume": 102536858.65, "trend": 26.041984, "fair_value": 20.276655, "relative_strength": 27.705988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.218388, "energy": 57.094806, "activity_lines": [ 27.983162, 27.622419, 27.279556, 26.7598 ] }, { "date": "2024-01-12", "close": 29.511091, "volume": 150575369, "typical_volume": 107494848.95, "trend": 26.234626, "fair_value": 20.383047, "relative_strength": 29.494331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.557906, "energy": 77.402466, "activity_lines": [ 28.622774, 28.008644, 27.536412, 26.983614 ] }, { "date": "2024-01-19", "close": 29.186312, "volume": 184387820, "typical_volume": 112306800.2, "trend": 26.402744, "fair_value": 20.489962, "relative_strength": 29.292575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.587515, "energy": 76.098566, "activity_lines": [ 28.976229, 28.283949, 27.736129, 27.174045 ] }, { "date": "2024-01-26", "close": 31.42466, "volume": 164562054, "typical_volume": 114538040.2, "trend": 26.649502, "fair_value": 20.613221, "relative_strength": 34.348708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.796345, "energy": 88.437701, "activity_lines": [ 29.909606, 28.931914, 28.126617, 27.498039 ] }, { "date": "2024-02-02", "close": 32.495556, "volume": 177262773, "typical_volume": 116547806.95, "trend": 26.906707, "fair_value": 20.740655, "relative_strength": 46.403109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.687567, "energy": 93.08705, "activity_lines": [ 30.941294, 29.694787, 28.589627, 27.875204 ] }, { "date": "2024-02-09", "close": 33.417229, "volume": 172428270, "typical_volume": 118059464.7, "trend": 27.180868, "fair_value": 20.873562, "relative_strength": 41.852247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.638269, "energy": 94.931561, "activity_lines": [ 31.948404, 30.529959, 29.108732, 28.295238 ] }, { "date": "2024-02-23", "close": 34.979679, "volume": 184425785, "typical_volume": 121614636.5, "trend": 27.502429, "fair_value": 21.016789, "relative_strength": 40.046032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.93545, "energy": 95.936419, "activity_lines": [ 33.205974, 31.544516, 29.7478, 28.798387 ] }, { "date": "2024-03-01", "close": 33.689342, "volume": 198898728, "typical_volume": 128079372.2, "trend": 27.815798, "fair_value": 21.157214, "relative_strength": 32.55231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.643365, "energy": 87.670777, "activity_lines": [ 33.668859, 32.176521, 30.228031, 29.197543 ] }, { "date": "2024-03-08", "close": 34.891903, "volume": 179726043, "typical_volume": 133245826.6, "trend": 28.1476, "fair_value": 21.309906, "relative_strength": 35.009524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.004241, "energy": 85.929809, "activity_lines": [ 34.232396, 32.899974, 30.79278, 29.654066 ] }, { "date": "2024-03-15", "close": 32.750114, "volume": 220415511, "typical_volume": 140180698.4, "trend": 28.425858, "fair_value": 21.447218, "relative_strength": 25.276872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.56799, "energy": 63.231686, "activity_lines": [ 33.850853, 33.100428, 31.116014, 29.951002 ] }, { "date": "2024-03-22", "close": 33.303116, "volume": 168522183, "typical_volume": 144431218.4, "trend": 28.731034, "fair_value": 21.582085, "relative_strength": 26.556026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.833306, "energy": 54.821744, "activity_lines": [ 33.636674, 33.306308, 31.464619, 30.265664 ] }, { "date": "2024-03-29", "close": 34.312569, "volume": 172992255, "typical_volume": 148865832.85, "trend": 29.07454, "fair_value": 21.724986, "relative_strength": 29.475205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.118601, "energy": 53.06207, "activity_lines": [ 33.766587, 33.624066, 31.877637, 30.625763 ] }, { "date": "2024-04-05", "close": 34.751461, "volume": 98903687, "typical_volume": 148008673.3, "trend": 29.416875, "fair_value": 21.868834, "relative_strength": 28.744451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.198955, "energy": 50.479516, "activity_lines": [ 34.087271, 33.934323, 32.296006, 30.992016 ] }, { "date": "2024-04-12", "close": 34.874348, "volume": 113696681, "typical_volume": 150404882.6, "trend": 29.738144, "fair_value": 22.011776, "relative_strength": 30.019734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.496773, "energy": 52.755188, "activity_lines": [ 34.378109, 34.165738, 32.690591, 31.344111 ] }, { "date": "2024-04-19", "close": 36.770359, "volume": 149959816, "typical_volume": 154329569.9, "trend": 30.102424, "fair_value": 22.166308, "relative_strength": 33.515137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.918554, "energy": 61.404316, "activity_lines": [ 35.302122, 34.679162, 33.228421, 31.797802 ] }, { "date": "2024-04-26", "close": 34.716347, "volume": 131242101, "typical_volume": 155887021.25, "trend": 30.347619, "fair_value": 22.310147, "relative_strength": 23.939847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.583527, "energy": 51.511601, "activity_lines": [ 35.273447, 34.741404, 33.525321, 32.095475 ] }, { "date": "2024-05-03", "close": 34.962128, "volume": 71519959, "typical_volume": 154194714.95, "trend": 30.598665, "fair_value": 22.4484, "relative_strength": 23.077033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.776249, "energy": 49.583089, "activity_lines": [ 35.232484, 34.824714, 33.812022, 32.393185 ] }, { "date": "2024-05-10", "close": 35.962803, "volume": 143253222, "typical_volume": 155508660.0, "trend": 30.88453, "fair_value": 22.594239, "relative_strength": 23.475541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.894994, "energy": 50.355176, "activity_lines": [ 35.481776, 35.090284, 34.155361, 32.739258 ] }, { "date": "2024-05-17", "close": 35.014793, "volume": 104828302, "typical_volume": 154267636.0, "trend": 31.151376, "fair_value": 22.732655, "relative_strength": 19.27699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.444171, "energy": 39.602821, "activity_lines": [ 35.334308, 35.142153, 34.364273, 33.005727 ] }, { "date": "2024-05-24", "close": 36.26125, "volume": 114207572, "typical_volume": 152333871.85, "trend": 31.459478, "fair_value": 22.880234, "relative_strength": 25.057549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.375117, "energy": 44.569003, "activity_lines": [ 35.592962, 35.418416, 34.656324, 33.335396 ] }, { "date": "2024-05-31", "close": 37.15659, "volume": 114473217, "typical_volume": 150814067.4, "trend": 31.810006, "fair_value": 23.035028, "relative_strength": 27.073298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.1974, "energy": 49.718099, "activity_lines": [ 36.184004, 35.793629, 34.992014, 33.702952 ] }, { "date": "2024-06-07", "close": 38.754154, "volume": 141012568, "typical_volume": 150335927.35, "trend": 32.213202, "fair_value": 23.196546, "relative_strength": 32.639378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.603006, "energy": 63.924676, "activity_lines": [ 37.144885, 36.389245, 35.442735, 34.150961 ] }, { "date": "2024-06-14", "close": 38.92971, "volume": 97225480, "typical_volume": 145977810.35, "trend": 32.60089, "fair_value": 23.359451, "relative_strength": 32.519385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.289573, "energy": 79.870694, "activity_lines": [ 37.911482, 36.936025, 35.866162, 34.584284 ] }, { "date": "2024-06-21", "close": 38.719048, "volume": 123529923, "typical_volume": 143926203.8, "trend": 32.990333, "fair_value": 23.52235, "relative_strength": 31.86057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.38283, "energy": 78.389552, "activity_lines": [ 38.410065, 37.368534, 36.223128, 34.979004 ] }, { "date": "2024-06-28", "close": 38.947266, "volume": 104164098, "typical_volume": 140271270.05, "trend": 33.380069, "fair_value": 23.685497, "relative_strength": 32.515584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.680514, "energy": 77.866167, "activity_lines": [ 38.73777, 37.772633, 36.567093, 35.363323 ] }, { "date": "2024-07-05", "close": 39.851387, "volume": 79897960, "typical_volume": 135644754.55, "trend": 33.786483, "fair_value": 23.852921, "relative_strength": 34.824789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.07461, "energy": 74.72687, "activity_lines": [ 39.187781, 38.301538, 36.966443, 35.780827 ] }, { "date": "2024-07-12", "close": 38.068508, "volume": 155521706, "typical_volume": 134199550.6, "trend": 34.160679, "fair_value": 24.007613, "relative_strength": 26.63394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.85042, "energy": 51.26454, "activity_lines": [ 38.863846, 38.412919, 37.165357, 36.057087 ] }, { "date": "2024-07-19", "close": 38.770576, "volume": 106382877, "typical_volume": 129573758.05, "trend": 34.563251, "fair_value": 24.170018, "relative_strength": 27.254808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.159241, "energy": 47.051742, "activity_lines": [ 38.819644, 38.595469, 37.416425, 36.354499 ] }, { "date": "2024-07-26", "close": 37.689762, "volume": 115261113, "typical_volume": 126350511.55, "trend": 34.901415, "fair_value": 24.323412, "relative_strength": 26.378822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.6884, "energy": 36.17835, "activity_lines": [ 38.425779, 38.530457, 37.540362, 36.55621 ] }, { "date": "2024-08-02", "close": 36.128597, "volume": 99399340, "typical_volume": 120299703.0, "trend": 35.188418, "fair_value": 24.471312, "relative_strength": 19.47994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.089992, "energy": 18.300089, "activity_lines": [ 37.580144, 38.132961, 37.502294, 36.635383 ] }, { "date": "2024-08-09", "close": 36.073166, "volume": 87827185, "typical_volume": 116264953.1, "trend": 35.412127, "fair_value": 24.615818, "relative_strength": 19.988359, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.785185, "energy": 17.781554, "activity_lines": [ 36.903944, 37.727799, 37.442858, 36.692463 ] }, { "date": "2024-08-16", "close": 37.440346, "volume": 71387465, "typical_volume": 111184713.6, "trend": 35.676436, "fair_value": 24.769518, "relative_strength": 22.538348, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.993891, "energy": 19.925368, "activity_lines": [ 36.935352, 37.590913, 37.50044, 36.823316 ] }, { "date": "2024-08-23", "close": 37.209404, "volume": 64615175, "typical_volume": 109470288.0, "trend": 35.943872, "fair_value": 24.923217, "relative_strength": 21.647094, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.752018, "energy": 15.385549, "activity_lines": [ 36.931657, 37.435925, 37.521133, 36.922217 ] }, { "date": "2024-08-30", "close": 37.45882, "volume": 83807278, "typical_volume": 107975817.85, "trend": 36.145011, "fair_value": 25.082191, "relative_strength": 21.781098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.270182, "energy": 10.455001, "activity_lines": [ 37.115179, 37.357564, 37.553875, 37.019956 ] }, { "date": "2024-09-06", "close": 35.140163, "volume": 95611793, "typical_volume": 105258416.7, "trend": 36.233165, "fair_value": 25.223819, "relative_strength": 16.423507, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.693192, "energy": 10.391853, "activity_lines": [ 36.541211, 36.880542, 37.353485, 36.955127 ] }, { "date": "2024-09-13", "close": 34.964645, "volume": 107976975, "typical_volume": 104095160.4, "trend": 36.284745, "fair_value": 25.362222, "relative_strength": 17.476512, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.879069, "energy": 31.312817, "activity_lines": [ 35.974633, 36.440828, 37.144143, 36.873287 ] }, { "date": "2024-09-20", "close": 35.565094, "volume": 58273015, "typical_volume": 103432813.2, "trend": 36.304259, "fair_value": 25.507815, "relative_strength": 17.102785, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.783437, "energy": 36.455557, "activity_lines": [ 35.682106, 36.199136, 36.990804, 36.826858 ] }, { "date": "2024-09-27", "close": 38.622772, "volume": 132792641, "typical_volume": 102909784.15, "trend": 36.468707, "fair_value": 25.668713, "relative_strength": 12.000534, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.289508, "energy": 16.728195, "activity_lines": [ 36.533821, 36.558903, 37.125801, 36.976439 ] }, { "date": "2024-10-04", "close": 40.276314, "volume": 95933756, "typical_volume": 102465056.85, "trend": 36.648187, "fair_value": 25.83157, "relative_strength": 7.46704, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.75192, "energy": 26.243734, "activity_lines": [ 37.842493, 37.222, 37.405611, 37.222091 ] }, { "date": "2024-10-11", "close": 39.352547, "volume": 303618747, "typical_volume": 111935615.6, "trend": 36.868268, "fair_value": 25.976907, "relative_strength": 8.242849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.722248, "energy": 35.176966, "activity_lines": [ 38.655409, 37.670112, 37.572389, 37.396566 ] }, { "date": "2024-10-18", "close": 38.779812, "volume": 140795155, "typical_volume": 113251712.5, "trend": 37.050825, "fair_value": 26.122296, "relative_strength": 4.674141, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.23564, "energy": 37.714341, "activity_lines": [ 38.996589, 37.955473, 37.669901, 37.519892 ] }, { "date": "2024-10-25", "close": 37.809856, "volume": 131126994, "typical_volume": 112757433.8, "trend": 37.167401, "fair_value": 26.26013, "relative_strength": 0.468056, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.521847, "energy": 40.684925, "activity_lines": [ 38.760105, 38.015266, 37.667305, 37.568861 ] }, { "date": "2024-11-01", "close": 37.939182, "volume": 149616834, "typical_volume": 115377001.5, "trend": 37.273658, "fair_value": 26.395166, "relative_strength": 1.192571, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.754731, "energy": 26.263896, "activity_lines": [ 38.417079, 38.091855, 37.681524, 37.618654 ] }, { "date": "2024-11-08", "close": 37.126263, "volume": 151220679, "typical_volume": 116761539.3, "trend": 37.348722, "fair_value": 26.531005, "relative_strength": -6.454291, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.821557, "energy": 10.919474, "activity_lines": [ 37.848652, 38.007372, 37.623038, 37.609144 ] }, { "date": "2024-11-15", "close": 37.080078, "volume": 179891647, "typical_volume": 120547916.75, "trend": 37.359046, "fair_value": 26.663874, "relative_strength": -3.5075, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.758622, "energy": 10.042997, "activity_lines": [ 37.474834, 37.920538, 37.567738, 37.591812 ] }, { "date": "2024-11-22", "close": 36.765995, "volume": 162005310, "typical_volume": 124653284.25, "trend": 37.427368, "fair_value": 26.796306, "relative_strength": -2.8532, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.805379, "energy": 11.583555, "activity_lines": [ 37.14782, 37.741327, 37.491417, 37.553551 ] }, { "date": "2024-11-29", "close": 36.913795, "volume": 102337835, "typical_volume": 121994090.7, "trend": 37.492423, "fair_value": 26.937991, "relative_strength": -4.538655, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.710678, "energy": 12.140614, "activity_lines": [ 37.004326, 37.556237, 37.443865, 37.520417 ] }, { "date": "2024-12-06", "close": 39.112366, "volume": 172848982, "typical_volume": 125317395.95, "trend": 37.597409, "fair_value": 27.095631, "relative_strength": -1.544804, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.023228, "energy": 10.893566, "activity_lines": [ 37.653428, 37.746365, 37.611199, 37.62493 ] }, { "date": "2024-12-13", "close": 39.352547, "volume": 157569073, "typical_volume": 127432793.95, "trend": 37.742, "fair_value": 27.256624, "relative_strength": -1.002039, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.184795, "energy": 14.94615, "activity_lines": [ 38.304377, 37.971261, 37.79978, 37.738165 ] }, { "date": "2024-12-20", "close": 38.188599, "volume": 151801351, "typical_volume": 130052894.5, "trend": 37.806245, "fair_value": 27.409106, "relative_strength": -3.609589, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.123709, "energy": 13.513294, "activity_lines": [ 38.418924, 38.001325, 37.86959, 37.766977 ] }, { "date": "2024-12-27", "close": 38.973804, "volume": 122262038, "typical_volume": 131774637.15, "trend": 37.866819, "fair_value": 27.564807, "relative_strength": -2.875139, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.183211, "energy": 26.034152, "activity_lines": [ 38.721306, 38.195317, 38.004373, 37.842304 ] }, { "date": "2025-01-03", "close": 38.862953, "volume": 112080810, "typical_volume": 133809304.4, "trend": 37.870446, "fair_value": 27.706051, "relative_strength": 2.06548, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.534029, "energy": 41.21684, "activity_lines": [ 38.839549, 38.365627, 38.114786, 37.90657 ] }, { "date": "2025-01-10", "close": 36.19326, "volume": 140806285, "typical_volume": 137618859.9, "trend": 37.779231, "fair_value": 27.834477, "relative_strength": -3.876844, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.177108, "energy": 6.594038, "activity_lines": [ 37.937951, 38.031391, 37.964167, 37.798365 ] }, { "date": "2025-01-17", "close": 36.590477, "volume": 140993391, "typical_volume": 140478165.55, "trend": 37.708278, "fair_value": 27.963875, "relative_strength": -5.179765, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.997591, "energy": 11.442908, "activity_lines": [ 37.363366, 37.80112, 37.856218, 37.721671 ] }, { "date": "2025-01-24", "close": 36.100883, "volume": 146768337, "typical_volume": 143035992.75, "trend": 37.613399, "fair_value": 28.088081, "relative_strength": -6.878732, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.466274, "energy": 25.696826, "activity_lines": [ 36.809721, 37.491574, 37.705776, 37.617968 ] }, { "date": "2025-01-31", "close": 36.950748, "volume": 29457006, "typical_volume": 139109994.3, "trend": 37.516711, "fair_value": 28.217449, "relative_strength": -4.714683, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.395827, "energy": 27.57034, "activity_lines": [ 36.678545, 37.354352, 37.631698, 37.575217 ] }, { "date": "2025-02-07", "close": 35.925365, "volume": 82571178, "typical_volume": 140324902.45, "trend": 37.445273, "fair_value": 28.340291, "relative_strength": -8.695605, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.043105, "energy": 44.222454, "activity_lines": [ 36.340445, 37.027338, 37.450508, 37.472549 ] }, { "date": "2025-02-14", "close": 35.223305, "volume": 136769569, "typical_volume": 140523748.85, "trend": 37.327031, "fair_value": 28.458585, "relative_strength": -11.469282, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.851343, "energy": 49.54358, "activity_lines": [ 35.964165, 36.590648, 37.200739, 37.329196 ] }, { "date": "2025-02-21", "close": 32.682938, "volume": 259319639, "typical_volume": 148693043.0, "trend": 37.160136, "fair_value": 28.553483, "relative_strength": -18.381692, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.330582, "energy": 74.683588, "activity_lines": [ 34.805759, 35.762783, 36.725218, 37.029577 ] }, { "date": "2025-02-28", "close": 32.747601, "volume": 244278718, "typical_volume": 145726041.55, "trend": 37.047437, "fair_value": 28.655812, "relative_strength": -16.614946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.332295, "energy": 79.850105, "activity_lines": [ 33.92941, 35.067941, 36.292014, 36.744898 ] }, { "date": "2025-03-07", "close": 33.154057, "volume": 153935416, "typical_volume": 146383054.6, "trend": 36.950133, "fair_value": 28.743706, "relative_strength": -16.652685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.654343, "energy": 81.323982, "activity_lines": [ 33.412099, 34.545927, 35.928973, 36.493712 ] }, { "date": "2025-03-14", "close": 34.336483, "volume": 216337653, "typical_volume": 150643587.55, "trend": 36.846671, "fair_value": 28.840706, "relative_strength": -14.772435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.587592, "energy": 77.220085, "activity_lines": [ 33.542042, 34.344713, 35.705333, 36.325089 ] }, { "date": "2025-03-21", "close": 33.828411, "volume": 125947940, "typical_volume": 149460142.85, "trend": 36.733971, "fair_value": 28.940274, "relative_strength": -14.546061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.031729, "energy": 69.026923, "activity_lines": [ 33.608553, 34.133422, 35.449845, 36.130363 ] }, { "date": "2025-03-28", "close": 34.946171, "volume": 178912145, "typical_volume": 150844716.15, "trend": 36.650216, "fair_value": 29.034357, "relative_strength": -11.242188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.161, "energy": 41.578433, "activity_lines": [ 34.140644, 34.168357, 35.320385, 36.015021 ] }, { "date": "2025-04-04", "close": 35.990028, "volume": 103121339, "typical_volume": 147006200.75, "trend": 36.678545, "fair_value": 29.136659, "relative_strength": -8.253522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.280107, "energy": 23.051819, "activity_lines": [ 34.869805, 34.422981, 35.300722, 35.972428 ] }, { "date": "2025-04-11", "close": 35.121689, "volume": 284849419, "typical_volume": 153148406.2, "trend": 36.68378, "fair_value": 29.242321, "relative_strength": -7.491018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.041482, "energy": 23.638891, "activity_lines": [ 35.093358, 34.521741, 35.203551, 35.871986 ] }, { "date": "2025-04-18", "close": 36.211735, "volume": 139853993, "typical_volume": 155024214.1, "trend": 36.705334, "fair_value": 29.344707, "relative_strength": -5.594361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.414727, "energy": 22.084901, "activity_lines": [ 35.549085, 34.851947, 35.218023, 35.841531 ] }, { "date": "2025-04-25", "close": 35.731377, "volume": 104829858, "typical_volume": 151623257.9, "trend": 36.608955, "fair_value": 29.432797, "relative_strength": -7.30456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.299492, "energy": 21.778552, "activity_lines": [ 35.719675, 35.089608, 35.19009, 35.778695 ] }, { "date": "2025-05-02", "close": 35.380341, "volume": 89884230, "typical_volume": 148239015.75, "trend": 36.445756, "fair_value": 29.513673, "relative_strength": -7.695129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.161734, "energy": 13.437767, "activity_lines": [ 35.646388, 35.254206, 35.144825, 35.69943 ] }, { "date": "2025-05-09", "close": 35.879177, "volume": 82778869, "typical_volume": 144787891.65, "trend": 36.329977, "fair_value": 29.59555, "relative_strength": -8.056869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.008357, "energy": 11.912444, "activity_lines": [ 35.710436, 35.460458, 35.165984, 35.662876 ] }, { "date": "2025-05-16", "close": 36.451916, "volume": 136469035, "typical_volume": 145498241.5, "trend": 36.25238, "fair_value": 29.687496, "relative_strength": -7.253211, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.493081, "energy": 9.923275, "activity_lines": [ 35.972787, 35.713907, 35.252687, 35.670744 ] }, { "date": "2025-05-23", "close": 36.673622, "volume": 107851982, "typical_volume": 145286800.1, "trend": 36.214506, "fair_value": 29.775659, "relative_strength": -6.035331, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.798571, "energy": 25.4537, "activity_lines": [ 36.220358, 35.947705, 35.372513, 35.69792 ] }, { "date": "2025-05-30", "close": 36.544292, "volume": 82407418, "typical_volume": 142366856.75, "trend": 36.168009, "fair_value": 29.865571, "relative_strength": -6.168518, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.503448, "energy": 34.080797, "activity_lines": [ 36.394026, 36.115495, 35.490447, 35.719197 ] }, { "date": "2025-06-06", "close": 36.525818, "volume": 89177402, "typical_volume": 139776057.3, "trend": 36.147994, "fair_value": 29.952691, "relative_strength": -6.971142, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.235398, "energy": 34.778176, "activity_lines": [ 36.507342, 36.230547, 35.604951, 35.742281 ] }, { "date": "2025-06-13", "close": 36.267162, "volume": 122272782, "typical_volume": 138551279.55, "trend": 36.120897, "fair_value": 30.030755, "relative_strength": -7.078033, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.65269, "energy": 24.984253, "activity_lines": [ 36.458075, 36.269849, 35.695128, 35.74997 ] }, { "date": "2025-06-20", "close": 36.433437, "volume": 117181093, "typical_volume": 142937483.9, "trend": 36.109812, "fair_value": 30.099669, "relative_strength": -5.852503, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.726893, "energy": 19.333707, "activity_lines": [ 36.438366, 36.334345, 35.80035, 35.770134 ] }, { "date": "2025-06-27", "close": 36.886086, "volume": 116318132, "typical_volume": 144624831.6, "trend": 36.108888, "fair_value": 30.177691, "relative_strength": -6.104687, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 31.078124, "energy": 22.295836, "activity_lines": [ 36.570773, 36.45729, 35.951144, 35.820216 ] }, { "date": "2025-07-04", "close": 37.920708, "volume": 130481348, "typical_volume": 144310420.55, "trend": 36.069166, "fair_value": 30.254612, "relative_strength": -4.393125, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 43.532329, "energy": 39.973536, "activity_lines": [ 37.033889, 36.756087, 36.195899, 35.937107 ] }, { "date": "2025-07-11", "close": 35.9753, "volume": 154189956, "typical_volume": 139053936.4, "trend": 35.956591, "fair_value": 30.329802, "relative_strength": -9.887318, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 24.858549, "energy": 25.935029, "activity_lines": [ 36.756775, 36.661368, 36.242532, 35.931051 ] }, { "date": "2025-07-18", "close": 36.561859, "volume": 130864257, "typical_volume": 133383213.35, "trend": 35.902367, "fair_value": 30.415244, "relative_strength": -8.637587, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.73745, "energy": 35.171569, "activity_lines": [ 36.711882, 36.662478, 36.32935, 35.970101 ] }, { "date": "2025-07-25", "close": 37.568775, "volume": 213752334, "typical_volume": 136374059.25, "trend": 35.855532, "fair_value": 30.497976, "relative_strength": -7.260341, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.704065, "energy": 39.685507, "activity_lines": [ 36.982981, 36.834252, 36.493902, 36.077611 ] }, { "date": "2025-08-01", "close": 36.718273, "volume": 139945499, "typical_volume": 132554451.55, "trend": 35.784043, "fair_value": 30.573681, "relative_strength": -8.169439, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.803653, "energy": 24.519374, "activity_lines": [ 36.89489, 36.831082, 36.556431, 36.133272 ] }, { "date": "2025-08-08", "close": 36.718273, "volume": 0, "typical_volume": 126257054.55, "trend": 35.801544, "fair_value": 30.655378, "relative_strength": -9.681568, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.926648, "energy": 22.923418, "activity_lines": [ 36.817987, 36.827101, 36.607618, 36.193545 ] }, { "date": "2025-08-15", "close": 36.718273, "volume": 0, "typical_volume": 117311447.3, "trend": 35.805803, "fair_value": 30.744358, "relative_strength": -10.716262, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.787814, "energy": 26.289064, "activity_lines": [ 36.821246, 36.819956, 36.645043, 36.252689 ] }, { "date": "2025-08-22", "close": 37.637203, "volume": 304520751, "typical_volume": 127381417.9, "trend": 35.857014, "fair_value": 30.840469, "relative_strength": -11.075787, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.073598, "energy": 29.519288, "activity_lines": [ 37.081283, 36.97639, 36.761548, 36.370843 ] }, { "date": "2025-08-29", "close": 36.630287, "volume": 182227798, "typical_volume": 122250336.85, "trend": 35.846332, "fair_value": 30.934309, "relative_strength": -13.623188, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.693076, "energy": 22.566807, "activity_lines": [ 36.933992, 36.924839, 36.774312, 36.420732 ] }, { "date": "2025-09-05", "close": 37.304825, "volume": 190864003, "typical_volume": 124800837.35, "trend": 35.892314, "fair_value": 31.02395, "relative_strength": -10.527623, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.89296, "energy": 26.476616, "activity_lines": [ 37.074113, 36.992352, 36.844134, 36.514828 ] }, { "date": "2025-09-12", "close": 36.913788, "volume": 155741736, "typical_volume": 127346431.25, "trend": 35.948663, "fair_value": 31.107158, "relative_strength": -12.2706, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.883258, "energy": 23.894675, "activity_lines": [ 37.044785, 36.981154, 36.871509, 36.58073 ] }, { "date": "2025-09-19", "close": 37.734962, "volume": 191964519, "typical_volume": 132450445.7, "trend": 36.117064, "fair_value": 31.187572, "relative_strength": -8.629419, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.78691, "energy": 27.64782, "activity_lines": [ 37.276148, 37.137568, 36.97146, 36.695975 ] }, { "date": "2025-09-26", "close": 37.891376, "volume": 129984979, "typical_volume": 134810751.2, "trend": 36.288523, "fair_value": 31.272088, "relative_strength": -8.015589, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.790276, "energy": 37.689009, "activity_lines": [ 37.491869, 37.290427, 37.075096, 36.810447 ] }, { "date": "2025-10-03", "close": 37.637203, "volume": 55914139, "typical_volume": 130783006.4, "trend": 36.437962, "fair_value": 31.344282, "relative_strength": -9.534637, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.139609, "energy": 37.054014, "activity_lines": [ 37.60592, 37.372899, 37.144943, 36.897458 ] }, { "date": "2025-10-10", "close": 38.878742, "volume": 82643878, "typical_volume": 129522601.2, "trend": 36.58937, "fair_value": 31.433578, "relative_strength": -6.51411, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.475981, "energy": 60.280965, "activity_lines": [ 38.066691, 37.679862, 37.327387, 37.054928 ] }, { "date": "2025-10-17", "close": 40.96101, "volume": 223591480, "typical_volume": 136581804.3, "trend": 36.827124, "fair_value": 31.535085, "relative_strength": 0.182583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.254371, "energy": 77.156066, "activity_lines": [ 39.116623, 38.326138, 37.697642, 37.336969 ] }, { "date": "2025-10-24", "close": 41.547562, "volume": 164318293, "typical_volume": 140338848.85, "trend": 37.04717, "fair_value": 31.637975, "relative_strength": -1.058626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.969264, "energy": 88.004602, "activity_lines": [ 40.092257, 39.001919, 38.102727, 37.641514 ] }, { "date": "2025-10-31", "close": 41.557339, "volume": 139253501, "typical_volume": 141187884.8, "trend": 37.232747, "fair_value": 31.741445, "relative_strength": -0.952635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.67384, "energy": 87.922908, "activity_lines": [ 40.816977, 39.591672, 38.48483, 37.932492 ] }, { "date": "2025-11-07", "close": 42.75, "volume": 126729903, "typical_volume": 141665325.3, "trend": 37.487024, "fair_value": 31.85628, "relative_strength": 0.810895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.084851, "energy": 90.85948, "activity_lines": [ 41.694854, 40.326998, 38.955329, 38.288444 ] }, { "date": "2025-11-14", "close": 42.09, "volume": 101606173, "typical_volume": 140929727.35, "trend": 37.682966, "fair_value": 31.974426, "relative_strength": -0.464195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.147799, "energy": 82.634537, "activity_lines": [ 42.011877, 40.831056, 39.332892, 38.58541 ] }, { "date": "2025-11-21", "close": 42.07, "volume": 100459578, "typical_volume": 139428638.85, "trend": 37.894254, "fair_value": 32.09048, "relative_strength": 3.578409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.725319, "energy": 75.703431, "activity_lines": [ 42.108149, 41.244474, 39.683769, 38.868445 ] }, { "date": "2025-11-28", "close": 41.139999, "volume": 95597332, "typical_volume": 136499007.65, "trend": 38.086242, "fair_value": 32.200005, "relative_strength": -0.016257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.956761, "energy": 57.67805, "activity_lines": [ 41.820489, 41.395052, 39.926316, 39.077848 ] }, { "date": "2025-12-05", "close": 41.529999, "volume": 84360941, "typical_volume": 134173841.85, "trend": 38.274603, "fair_value": 32.320139, "relative_strength": 0.7194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.857545, "energy": 49.132369, "activity_lines": [ 41.689999, 41.55463, 40.181413, 39.300025 ] }, { "date": "2025-12-12", "close": 40.0, "volume": 100434534, "typical_volume": 128507951.85, "trend": 38.392872, "fair_value": 32.420238, "relative_strength": -2.421403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.788181, "energy": 32.113428, "activity_lines": [ 41.051333, 41.369869, 40.267137, 39.411341 ] }, { "date": "2025-12-19", "close": 40.59, "volume": 96972025, "typical_volume": 126359278.15, "trend": 38.523418, "fair_value": 32.528614, "relative_strength": -0.846406, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.093396, "energy": 22.976541, "activity_lines": [ 40.792666, 41.249421, 40.397474, 39.553092 ] }, { "date": "2025-12-26", "close": 40.07, "volume": 118857082, "typical_volume": 132302132.25, "trend": 38.640942, "fair_value": 32.635102, "relative_strength": -3.686931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.364221, "energy": 21.447095, "activity_lines": [ 40.460666, 41.003313, 40.459851, 39.652871 ] }, { "date": "2026-01-02", "close": 40.5, "volume": 67273717, "typical_volume": 135665818.1, "trend": 38.773415, "fair_value": 32.747084, "relative_strength": -2.440898, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.426168, "energy": 21.270822, "activity_lines": [ 40.405333, 40.851588, 40.54722, 39.77281 ] }, { "date": "2026-01-09", "close": 42.450001, "volume": 177823158, "typical_volume": 129330938.45, "trend": 38.979509, "fair_value": 32.876267, "relative_strength": -1.302189, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.699687, "energy": 27.951647, "activity_lines": [ 41.042667, 41.073455, 40.802295, 40.010009 ] }, { "date": "2026-01-16", "close": 41.0, "volume": 129369209, "typical_volume": 126688009.0, "trend": 39.131728, "fair_value": 32.996414, "relative_strength": -4.014852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.973175, "energy": 27.221669, "activity_lines": [ 41.135334, 41.015455, 40.896357, 40.140364 ] }, { "date": "2026-01-23", "close": 40.0, "volume": 140120045, "typical_volume": 124150811.1, "trend": 39.235525, "fair_value": 33.11015, "relative_strength": -6.885818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.743945, "energy": 19.557139, "activity_lines": [ 40.828, 40.807455, 40.874372, 40.196381 ] }, { "date": "2026-01-30", "close": 41.93, "volume": 259978278, "typical_volume": 129362638.2, "trend": 39.369168, "fair_value": 33.229233, "relative_strength": -1.745688, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.84729, "energy": 30.595621, "activity_lines": [ 41.203333, 40.988364, 41.023362, 40.370218 ] }, { "date": "2026-02-06", "close": 41.669998, "volume": 232225565, "typical_volume": 131375690.5, "trend": 39.558992, "fair_value": 33.348044, "relative_strength": -0.982438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.052875, "energy": 27.388513, "activity_lines": [ 41.367999, 41.124545, 41.123704, 40.518659 ] }, { "date": "2026-02-13", "close": 41.450001, "volume": 118493791, "typical_volume": 130801131.1, "trend": 39.72193, "fair_value": 33.467821, "relative_strength": -1.835503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.513482, "energy": 25.829913, "activity_lines": [ 41.381333, 41.211091, 41.184355, 40.640659 ] }, { "date": "2026-02-27", "close": 42.259998, "volume": 86323750, "typical_volume": 132321611.65, "trend": 39.878304, "fair_value": 33.595631, "relative_strength": -1.947399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.831926, "energy": 40.407492, "activity_lines": [ 41.731333, 41.446363, 41.305204, 40.804406 ] }, { "date": "2026-03-06", "close": 45.830002, "volume": 318561650, "typical_volume": 144117500.25, "trend": 40.182028, "fair_value": 33.749787, "relative_strength": 7.084377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.905651, "energy": 70.29087, "activity_lines": [ 43.187333, 42.289636, 41.744039, 41.188386 ] }, { "date": "2026-03-13", "close": 48.919998, "volume": 275383536, "typical_volume": 146707103.05, "trend": 40.588752, "fair_value": 33.919514, "relative_strength": 14.657363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.044625, "energy": 88.132634, "activity_lines": [ 45.284666, 43.599454, 42.444058, 41.752126 ] }, { "date": "2026-03-20", "close": 49.549999, "volume": 201149915, "typical_volume": 148548684.15, "trend": 41.016476, "fair_value": 34.090129, "relative_strength": 19.647741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.688934, "energy": 93.696012, "activity_lines": [ 47.125999, 44.862909, 43.166177, 42.330271 ] }, { "date": "2026-03-27", "close": 47.5, "volume": 236537791, "typical_volume": 153412898.65, "trend": 41.345236, "fair_value": 34.24936, "relative_strength": 15.525223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.35642, "energy": 85.385111, "activity_lines": [ 47.758666, 45.58909, 43.654952, 42.748563 ] }, { "date": "2026-04-03", "close": 47.580002, "volume": 154388833, "typical_volume": 154795845.15, "trend": 41.710227, "fair_value": 34.406778, "relative_strength": 16.331946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.611509, "energy": 82.185819, "activity_lines": [ 48.014667, 46.238, 44.123048, 43.150806 ] }, { "date": "2026-04-10", "close": 46.380001, "volume": 124627995, "typical_volume": 155946936.25, "trend": 42.012733, "fair_value": 34.554387, "relative_strength": 10.204766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.904576, "energy": 54.409299, "activity_lines": [ 47.516001, 46.549091, 44.453857, 43.452082 ] }, { "date": "2026-04-17", "close": 45.549999, "volume": 130643727, "typical_volume": 157456143.7, "trend": 42.300606, "fair_value": 34.700859, "relative_strength": 6.413829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.903309, "energy": 41.183986, "activity_lines": [ 46.704, 46.593273, 44.68519, 43.680293 ] }, { "date": "2026-04-24", "close": 47.189999, "volume": 163643910, "typical_volume": 160858472.6, "trend": 42.615774, "fair_value": 34.860065, "relative_strength": 9.373178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.617306, "energy": 34.1978, "activity_lines": [ 46.663333, 46.869818, 45.056143, 43.995737 ] }, { "date": "2026-05-01", "close": 48.0, "volume": 131874168, "typical_volume": 163234133.95, "trend": 42.952728, "fair_value": 35.021054, "relative_strength": 10.211688, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.105557, "energy": 34.132086, "activity_lines": [ 47.05, 47.193273, 45.475428, 44.343107 ] }, { "date": "2026-05-08", "close": 45.18, "volume": 109050785, "typical_volume": 163664946.5, "trend": 43.204155, "fair_value": 35.160712, "relative_strength": 2.050769, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.727475, "energy": 26.083347, "activity_lines": [ 46.463333, 46.884909, 45.595333, 44.486802 ] }, { "date": "2026-05-15", "close": 45.700001, "volume": 154785264, "typical_volume": 166555608.45, "trend": 43.43153, "fair_value": 35.303445, "relative_strength": 4.278046, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.444195, "energy": 25.021598, "activity_lines": [ 46.21, 46.618, 45.740095, 44.647824 ] }, { "date": "2026-05-22", "close": 44.98, "volume": 155966161, "typical_volume": 168411062.4, "trend": 43.565497, "fair_value": 35.437378, "relative_strength": 3.175492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.390009, "energy": 17.195811, "activity_lines": [ 45.762, 46.222546, 45.791952, 44.747725 ] }, { "date": "2026-05-29", "close": 46.919998, "volume": 221473623, "typical_volume": 176121057.7, "trend": 43.744578, "fair_value": 35.57884, "relative_strength": 8.683834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.707103, "energy": 20.266811, "activity_lines": [ 45.998666, 46.251454, 46.00519, 44.964145 ] }, { "date": "2026-06-05", "close": 48.52, "volume": 35822715, "typical_volume": 169021035.55, "trend": 43.976667, "fair_value": 35.730094, "relative_strength": 13.297493, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.291875, "energy": 31.255451, "activity_lines": [ 46.786666, 46.619091, 46.340238, 45.272236 ] }, { "date": "2026-06-12", "close": 45.009548, "volume": 94683678, "typical_volume": 167286759.0, "trend": 44.051985, "fair_value": 35.867264, "relative_strength": 4.930703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.393962, "energy": 20.47426, "activity_lines": [ 46.369849, 46.329918, 46.312052, 45.338874 ] }, { "date": "2026-06-19", "close": 40.249107, "volume": 260272405, "typical_volume": 173294377.0, "trend": 43.990622, "fair_value": 35.979292, "relative_strength": -7.369347, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.886953, "energy": 14.910521, "activity_lines": [ 44.377582, 45.221945, 45.811398, 45.093527 ] }, { "date": "2026-06-26", "close": 38.600513, "volume": 43510069, "typical_volume": 162470966.55, "trend": 43.874972, "fair_value": 36.074604, "relative_strength": -9.562906, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.620595, "energy": 59.75236, "activity_lines": [ 42.199176, 43.925699, 45.152548, 44.745778 ] }, { "date": "2026-07-03", "close": 39.702831, "volume": 35957741, "typical_volume": 152657575.35, "trend": 43.827067, "fair_value": 36.174348, "relative_strength": -7.196484, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.458124, "energy": 66.715946, "activity_lines": [ 40.813508, 42.956229, 44.614536, 44.476608 ] }, { "date": "2026-07-10", "close": 41.010002, "volume": 186903127, "typical_volume": 156078042.15, "trend": 43.809733, "fair_value": 36.283246, "relative_strength": -2.88583, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.462538, "energy": 68.666403, "activity_lines": [ 40.344709, 42.360557, 44.210384, 44.294862 ] }, { "date": "2026-07-17", "close": 43.950001, "volume": 206390209, "typical_volume": 162081365.1, "trend": 43.9414, "fair_value": 36.406134, "relative_strength": 10.204893, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.175724, "energy": 56.1996, "activity_lines": [ 41.356576, 42.426521, 44.088327, 44.303911 ] }, { "date": "2026-07-24", "close": 45.700001, "volume": 231793218, "typical_volume": 157742943.5, "trend": 44.111733, "fair_value": 36.537593, "relative_strength": 12.754469, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.848376, "energy": 10.003572, "activity_lines": [ 43.022413, 42.83303, 44.124889, 44.417369 ] }, { "date": "2026-07-31", "close": 45.689999, "volume": 183506700, "typical_volume": 153149101.7, "trend": 44.299067, "fair_value": 36.668088, "relative_strength": 11.90108, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 10.510238, "energy": 16.575387, "activity_lines": [ 44.321522, 43.237721, 44.161117, 44.519193 ] }, { "date": "2026-08-07", "close": 43.939999, "volume": 173477303, "typical_volume": 151765471.1, "trend": 44.413733, "fair_value": 36.79406, "relative_strength": 4.513338, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.316423, "energy": 18.531506, "activity_lines": [ 44.564667, 43.311321, 44.04606, 44.496027 ] } ], "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." } } }