{ "ticker": { "uuid": "c49d4d03-7394-4df7-84b3-ad18c5bb6b41", "symbol": "301065", "name": "Zhejiang Benli Technology Co., Ltd.", "exchange": "SHZ", "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": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.115, "architecture_energy": 53.364, "architecture_maturity": 56.401, "architecture_confidence": 90.63, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 11.21, "rotation_up": 25.54, "upward_expansion": 9.2, "deceleration": 60.13, "rotation_down": 50.44, "downward_expansion": 80.2 }, "activity_lines": [ 17.98, 18.125096, 19.463242, 20.513185 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 18.700001, "trend_reference": 21.690134, "distance_from_trend": -0.137857, "trend_direction": "Weakening", "fair_value": 20.691928, "distance_from_fair_value": -0.096266, "fair_value_direction": "Weakening", "relative_strength": -19.037127, "relative_strength_direction": "Weakening", "price_momentum": -0.213294, "excess_performance": -0.220694, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.137857, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.055844, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.096266, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.259089, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.190371, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.035044, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.213294, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.421581, "read": "Supply-led" } ], "volume": { "latest": 6446057, "relative_activity": 0.974845, "balance": 0.421581, "dry_up": 1.092796, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.080318, "annualized_volatility": 0.300365, "from_high_reference": -0.29113, "from_low_reference": 0.126506 }, "levels": { "trend_reference": 21.690134, "fair_value_reference": 20.691928, "structural_low": 16.6, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.012579, "positive_rate": 0.769231, "directional_follow_through": 0.230769, "median_excess_return": 0.041004, "regime_survival": 0.692308, "best_return": 0.237956, "worst_return": -0.131897, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.093156, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.125346, "regime_survival": 0.2, "best_return": 0.367883, "worst_return": -0.003227, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.0287, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.217659, "regime_survival": 0.333333, "best_return": 0.410776, "worst_return": -0.122624, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.027503, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.102552, "regime_survival": 0.5, "best_return": 0.240403, "worst_return": -0.185397, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-08-02", "tenure": "Developing", "return": 0.145912, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-10-04", "tenure": "Developing", "return": 0.113129, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2025-01-10", "tenure": "Established", "return": -0.116256, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.030612, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-04-11", "tenure": "Developing", "return": 0.187174, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-18", "end": "2025-09-05", "tenure": "Established", "return": 0.123756, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-11-21", "tenure": "Developing", "return": -0.092878, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": -0.012411, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-01-30", "tenure": "Developing", "return": 0.129753, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": 0.037161, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": -0.019565, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-29", "tenure": "Developing", "return": -0.128123, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-05", "end": "2026-06-12", "tenure": "New", "return": -0.037531, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.013001, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 21.316929, "volume": 6572470, "typical_volume": 2623441.0, "trend": 21.129611, "fair_value": 26.239159, "relative_strength": -0.866024, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.345081, "energy": 12.574493, "activity_lines": [ 21.008131, 20.759987, 20.741781, 20.946748 ] }, { "date": "2023-08-04", "close": 20.952286, "volume": 3776650, "typical_volume": 2658014.65, "trend": 21.158779, "fair_value": 26.184088, "relative_strength": -3.507085, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.662949, "energy": 14.87515, "activity_lines": [ 21.034412, 20.799295, 20.752154, 20.935308 ] }, { "date": "2023-08-11", "close": 23.258417, "volume": 14738571, "typical_volume": 3254475.7, "trend": 21.243945, "fair_value": 26.153926, "relative_strength": 11.362129, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.107498, "energy": 50.280338, "activity_lines": [ 21.791954, 21.264997, 20.985508, 21.070768 ] }, { "date": "2023-08-18", "close": 21.336639, "volume": 21377375, "typical_volume": 4189326.95, "trend": 21.270922, "fair_value": 26.10477, "relative_strength": 5.643116, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.900184, "energy": 33.44621, "activity_lines": [ 21.743991, 21.340762, 21.030999, 21.076749 ] }, { "date": "2023-08-25", "close": 20.124443, "volume": 7019177, "typical_volume": 4444458.3, "trend": 21.232271, "fair_value": 26.044363, "relative_strength": 2.967753, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -5.932154, "energy": 9.849569, "activity_lines": [ 21.264368, 21.182361, 20.960078, 21.002782 ] }, { "date": "2023-09-01", "close": 22.62768, "volume": 8503178, "typical_volume": 4751319.7, "trend": 21.253579, "fair_value": 26.010196, "relative_strength": 11.936193, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.847563, "energy": 28.646503, "activity_lines": [ 21.674347, 21.486082, 21.131747, 21.092809 ] }, { "date": "2023-09-08", "close": 21.996943, "volume": 4979050, "typical_volume": 4892728.3, "trend": 21.228641, "fair_value": 25.970461, "relative_strength": 10.573761, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.129919, "energy": 15.69977, "activity_lines": [ 21.786697, 21.618859, 21.235549, 21.140767 ] }, { "date": "2023-09-15", "close": 22.479851, "volume": 4786900, "typical_volume": 5003138.05, "trend": 21.222626, "fair_value": 25.936239, "relative_strength": 14.48513, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.880962, "energy": 21.696249, "activity_lines": [ 21.990373, 21.810231, 21.375797, 21.221491 ] }, { "date": "2023-09-22", "close": 22.775509, "volume": 5818100, "typical_volume": 5256430.55, "trend": 21.221249, "fair_value": 25.905553, "relative_strength": 15.365339, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.769386, "energy": 56.48253, "activity_lines": [ 22.344505, 22.024538, 21.534998, 21.321677 ] }, { "date": "2023-09-29", "close": 22.548836, "volume": 3678624, "typical_volume": 5351780.45, "trend": 21.234058, "fair_value": 25.873276, "relative_strength": 14.807347, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.2796, "energy": 52.256069, "activity_lines": [ 22.527156, 22.163945, 21.661253, 21.407327 ] }, { "date": "2023-10-13", "close": 23.563929, "volume": 9219399, "typical_volume": 5722795.75, "trend": 21.2844, "fair_value": 25.851283, "relative_strength": 20.065662, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.506611, "energy": 60.624966, "activity_lines": [ 22.886544, 22.458886, 21.874682, 21.557642 ] }, { "date": "2023-10-20", "close": 21.592878, "volume": 6241627, "typical_volume": 5894038.5, "trend": 21.282304, "fair_value": 25.811109, "relative_strength": 15.475568, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.956419, "energy": 34.817584, "activity_lines": [ 22.526499, 22.354599, 21.888169, 21.577543 ] }, { "date": "2023-10-27", "close": 23.071167, "volume": 5741804, "typical_volume": 6051636.5, "trend": 21.309915, "fair_value": 25.785502, "relative_strength": 20.434643, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.113564, "energy": 32.370822, "activity_lines": [ 22.686154, 22.507445, 22.041253, 21.692954 ] }, { "date": "2023-11-03", "close": 22.883915, "volume": 5905316, "typical_volume": 6203523.85, "trend": 21.368247, "fair_value": 25.758636, "relative_strength": 18.163379, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.483632, "energy": 30.486286, "activity_lines": [ 22.743971, 22.62965, 22.166782, 21.794502 ] }, { "date": "2023-11-10", "close": 23.16972, "volume": 5859450, "typical_volume": 6360780.85, "trend": 21.440455, "fair_value": 25.734884, "relative_strength": 17.781286, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.530975, "energy": 29.017199, "activity_lines": [ 22.88983, 22.775688, 22.308557, 21.910726 ] }, { "date": "2023-11-17", "close": 23.386536, "volume": 7696746, "typical_volume": 6647101.95, "trend": 21.520325, "fair_value": 25.713535, "relative_strength": 18.469351, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.719704, "energy": 39.274111, "activity_lines": [ 23.066568, 22.905777, 22.45831, 22.03628 ] }, { "date": "2023-11-24", "close": 23.879297, "volume": 8345056, "typical_volume": 6910937.25, "trend": 21.649886, "fair_value": 25.697011, "relative_strength": 22.202058, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.253198, "energy": 54.131476, "activity_lines": [ 23.419386, 23.111663, 22.636643, 22.188472 ] }, { "date": "2023-12-01", "close": 23.356972, "volume": 6722600, "typical_volume": 7059254.75, "trend": 21.743555, "fair_value": 25.676118, "relative_strength": 20.624703, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.364823, "energy": 50.995883, "activity_lines": [ 23.445667, 23.188355, 22.748618, 22.298606 ] }, { "date": "2023-12-08", "close": 22.371445, "volume": 4321505, "typical_volume": 7169666.5, "trend": 21.809592, "fair_value": 25.646873, "relative_strength": 17.223729, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.690283, "energy": 36.23027, "activity_lines": [ 23.124386, 23.069913, 22.754484, 22.339115 ] }, { "date": "2023-12-15", "close": 22.203905, "volume": 4451737, "typical_volume": 7287766.75, "trend": 21.864608, "fair_value": 25.616671, "relative_strength": 18.027931, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.918944, "energy": 17.537373, "activity_lines": [ 22.781423, 22.928356, 22.737496, 22.364555 ] }, { "date": "2023-12-22", "close": 21.770271, "volume": 4476700, "typical_volume": 7182978.25, "trend": 21.890385, "fair_value": 25.583224, "relative_strength": 17.367535, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.122088, "energy": 14.668142, "activity_lines": [ 22.358303, 22.714228, 22.673249, 22.358469 ] }, { "date": "2023-12-29", "close": 22.420719, "volume": 3603900, "typical_volume": 7174340.75, "trend": 21.92632, "fair_value": 25.555961, "relative_strength": 16.70123, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.651267, "energy": 16.90158, "activity_lines": [ 22.25975, 22.650975, 22.668791, 22.392684 ] }, { "date": "2024-01-05", "close": 22.469994, "volume": 3620610, "typical_volume": 6618442.7, "trend": 21.974334, "fair_value": 25.529586, "relative_strength": 21.553768, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.621875, "energy": 14.457832, "activity_lines": [ 22.274861, 22.581629, 22.662033, 22.42776 ] }, { "date": "2024-01-12", "close": 21.868826, "volume": 4083650, "typical_volume": 5753756.45, "trend": 22.017311, "fair_value": 25.498562, "relative_strength": 19.194407, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.319973, "energy": 11.877368, "activity_lines": [ 22.148714, 22.413911, 22.601775, 22.420953 ] }, { "date": "2024-01-19", "close": 20.124443, "volume": 3949000, "typical_volume": 5600247.6, "trend": 22.004499, "fair_value": 25.453401, "relative_strength": 11.804238, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.318601, "energy": 51.577099, "activity_lines": [ 21.474614, 21.947488, 22.372851, 22.298832 ] }, { "date": "2024-01-26", "close": 19.395155, "volume": 6527392, "typical_volume": 5501458.3, "trend": 21.9999, "fair_value": 25.402916, "relative_strength": 7.607423, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.976472, "energy": 70.711865, "activity_lines": [ 20.696049, 21.403836, 22.074471, 22.130487 ] }, { "date": "2024-02-02", "close": 15.058839, "volume": 6424505, "typical_volume": 5573731.05, "trend": 21.822176, "fair_value": 25.317428, "relative_strength": -9.201969, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -95.223286, "energy": 96.282015, "activity_lines": [ 18.630386, 20.144333, 21.378502, 21.682677 ] }, { "date": "2024-02-09", "close": 13.501708, "volume": 11117963, "typical_volume": 5890284.2, "trend": 21.579409, "fair_value": 25.220578, "relative_strength": -25.445385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.719364, "energy": 98.095139, "activity_lines": [ 16.536472, 18.762088, 20.567273, 21.145873 ] }, { "date": "2024-02-23", "close": 16.418865, "volume": 7969924, "typical_volume": 5997875.4, "trend": 21.42928, "fair_value": 25.149019, "relative_strength": -11.751232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.222268, "energy": 88.331049, "activity_lines": [ 16.012828, 18.089422, 20.076622, 20.812934 ] }, { "date": "2024-03-01", "close": 15.965524, "volume": 10366623, "typical_volume": 6332275.35, "trend": 21.263055, "fair_value": 25.074959, "relative_strength": -17.32313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.754136, "energy": 87.444181, "activity_lines": [ 15.701402, 17.442558, 19.573065, 20.460434 ] }, { "date": "2024-03-08", "close": 15.926103, "volume": 6558397, "typical_volume": 6199225.25, "trend": 21.083361, "fair_value": 25.001768, "relative_strength": -16.764504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.775573, "energy": 72.095656, "activity_lines": [ 15.654097, 16.901953, 19.097103, 20.116114 ] }, { "date": "2024-03-15", "close": 16.714521, "volume": 7201587, "typical_volume": 6247223.25, "trend": 20.942102, "fair_value": 24.935996, "relative_strength": -14.753152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.869088, "energy": 56.844463, "activity_lines": [ 16.100868, 16.610953, 18.732599, 19.834254 ] }, { "date": "2024-03-22", "close": 17.778893, "volume": 5950610, "typical_volume": 6257663.55, "trend": 20.759451, "fair_value": 24.879641, "relative_strength": -8.818279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.124671, "energy": 42.607911, "activity_lines": [ 16.792051, 16.617225, 18.492694, 19.630176 ] }, { "date": "2024-03-29", "close": 17.640919, "volume": 5053379, "typical_volume": 6215066.7, "trend": 20.63626, "fair_value": 24.823088, "relative_strength": -7.902802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.013641, "energy": 33.426905, "activity_lines": [ 17.152097, 16.683703, 18.26485, 19.42898 ] }, { "date": "2024-04-05", "close": 19.40501, "volume": 8752516, "typical_volume": 6359720.0, "trend": 20.612279, "fair_value": 24.781088, "relative_strength": -0.334648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.156877, "energy": 23.93014, "activity_lines": [ 18.018703, 17.147797, 18.229981, 19.349545 ] }, { "date": "2024-04-12", "close": 17.621206, "volume": 7486975, "typical_volume": 6349231.45, "trend": 20.445397, "fair_value": 24.726012, "relative_strength": -6.486536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.428897, "energy": 22.330783, "activity_lines": [ 18.061409, 17.300643, 18.043153, 19.156572 ] }, { "date": "2024-04-19", "close": 15.699431, "volume": 7456556, "typical_volume": 6304806.45, "trend": 20.23548, "fair_value": 24.657106, "relative_strength": -17.095792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.491337, "energy": 24.910155, "activity_lines": [ 17.350516, 17.136328, 17.700753, 18.850381 ] }, { "date": "2024-04-26", "close": 17.098879, "volume": 6378687, "typical_volume": 6287610.8, "trend": 20.056114, "fair_value": 24.599847, "relative_strength": -11.488807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.88448, "energy": 24.577675, "activity_lines": [ 17.173778, 17.214812, 17.530586, 18.64802 ] }, { "date": "2024-05-03", "close": 18.951666, "volume": 3309452, "typical_volume": 6237008.15, "trend": 19.928652, "fair_value": 24.55738, "relative_strength": -3.368846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.734819, "energy": 18.281522, "activity_lines": [ 17.659971, 17.564763, 17.566675, 18.576765 ] }, { "date": "2024-05-10", "close": 18.754564, "volume": 11754409, "typical_volume": 6602141.75, "trend": 19.802177, "fair_value": 24.514075, "relative_strength": -5.891927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.023497, "energy": 11.722772, "activity_lines": [ 17.993079, 17.832827, 17.600277, 18.501017 ] }, { "date": "2024-05-17", "close": 18.46876, "volume": 4280083, "typical_volume": 6592310.9, "trend": 19.632338, "fair_value": 24.469295, "relative_strength": -7.186176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.445119, "energy": 13.074101, "activity_lines": [ 18.274283, 17.998216, 17.623085, 18.41499 ] }, { "date": "2024-05-24", "close": 17.818312, "volume": 3809353, "typical_volume": 6602583.55, "trend": 19.506519, "fair_value": 24.420391, "relative_strength": -7.768623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.465653, "energy": 14.263443, "activity_lines": [ 18.282167, 17.999112, 17.599667, 18.297956 ] }, { "date": "2024-05-31", "close": 18.163246, "volume": 3158453, "typical_volume": 6579475.7, "trend": 19.342921, "fair_value": 24.374718, "relative_strength": -5.420047, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.051462, "energy": 10.899938, "activity_lines": [ 18.26377, 18.042654, 17.631016, 18.211294 ] }, { "date": "2024-06-07", "close": 16.280891, "volume": 5035950, "typical_volume": 6627090.7, "trend": 19.122821, "fair_value": 24.316067, "relative_strength": -14.067243, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.146225, "energy": 22.464657, "activity_lines": [ 17.546964, 17.736962, 17.503601, 18.013743 ] }, { "date": "2024-06-14", "close": 16.359734, "volume": 3672200, "typical_volume": 6613250.7, "trend": 18.895821, "fair_value": 24.258827, "relative_strength": -13.502133, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.823084, "energy": 31.873267, "activity_lines": [ 17.03449, 17.470332, 17.410305, 17.83548 ] }, { "date": "2024-06-21", "close": 16.1327, "volume": 3724225, "typical_volume": 6473092.35, "trend": 18.654027, "fair_value": 24.200784, "relative_strength": -12.834999, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.280398, "energy": 47.337697, "activity_lines": [ 16.605994, 17.217792, 17.313313, 17.657214 ] }, { "date": "2024-06-28", "close": 15.765822, "volume": 5407160, "typical_volume": 6422225.1, "trend": 18.383577, "fair_value": 24.140961, "relative_strength": -12.710098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.824524, "energy": 55.297445, "activity_lines": [ 16.210943, 16.925611, 17.196916, 17.470878 ] }, { "date": "2024-07-05", "close": 15.924472, "volume": 3514311, "typical_volume": 6042042.5, "trend": 18.135827, "fair_value": 24.083099, "relative_strength": -10.333765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.518993, "energy": 59.108998, "activity_lines": [ 16.005607, 16.661068, 17.092262, 17.312226 ] }, { "date": "2024-07-12", "close": 16.866455, "volume": 6744707, "typical_volume": 5980781.65, "trend": 17.952328, "fair_value": 24.032633, "relative_strength": -6.779053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.705197, "energy": 39.081156, "activity_lines": [ 16.263518, 16.589148, 17.065784, 17.230331 ] }, { "date": "2024-07-19", "close": 15.8154, "volume": 6864673, "typical_volume": 5805684.15, "trend": 17.739378, "fair_value": 23.975568, "relative_strength": -12.962267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.891317, "energy": 36.280458, "activity_lines": [ 16.132039, 16.36404, 16.937074, 17.092465 ] }, { "date": "2024-07-26", "close": 15.964135, "volume": 3881442, "typical_volume": 5671836.4, "trend": 17.54584, "fair_value": 23.920317, "relative_strength": -8.989126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.320656, "energy": 32.950313, "activity_lines": [ 16.086427, 16.219413, 16.823244, 16.977933 ] }, { "date": "2024-08-02", "close": 18.066244, "volume": 9763023, "typical_volume": 5799908.2, "trend": 17.400691, "fair_value": 23.880221, "relative_strength": 3.350715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.255556, "energy": 10.23062, "activity_lines": [ 16.752756, 16.502527, 16.909434, 17.011507 ] }, { "date": "2024-08-09", "close": 19.107384, "volume": 40449784, "typical_volume": 7524866.9, "trend": 17.288604, "fair_value": 23.847752, "relative_strength": 11.016431, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.936648, "energy": 12.996965, "activity_lines": [ 17.61277, 16.970432, 17.088343, 17.121617 ] }, { "date": "2024-08-16", "close": 19.04789, "volume": 24944642, "typical_volume": 8519430.05, "trend": 17.194572, "fair_value": 23.815321, "relative_strength": 10.818491, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.461484, "energy": 36.752697, "activity_lines": [ 18.240759, 17.410353, 17.25526, 17.235119 ] }, { "date": "2024-08-23", "close": 16.697891, "volume": 12367592, "typical_volume": 8700183.85, "trend": 17.080354, "fair_value": 23.767553, "relative_strength": -0.756539, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.906196, "energy": 25.700222, "activity_lines": [ 17.939986, 17.372693, 17.191668, 17.203075 ] }, { "date": "2024-08-30", "close": 17.481222, "volume": 9034054, "typical_volume": 8777537.8, "trend": 17.016556, "fair_value": 23.725644, "relative_strength": 1.775052, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.982538, "energy": 23.717314, "activity_lines": [ 17.84149, 17.471308, 17.21557, 17.228938 ] }, { "date": "2024-09-06", "close": 17.154007, "volume": 5731125, "typical_volume": 8691266.25, "trend": 17.086395, "fair_value": 23.682123, "relative_strength": 2.426164, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.42156, "energy": 14.933177, "activity_lines": [ 17.532784, 17.48591, 17.208975, 17.237805 ] }, { "date": "2024-09-13", "close": 17.342405, "volume": 5285703, "typical_volume": 8636617.05, "trend": 17.214418, "fair_value": 23.640415, "relative_strength": 5.450981, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.274632, "energy": 4.453218, "activity_lines": [ 17.347693, 17.509528, 17.213396, 17.254322 ] }, { "date": "2024-09-20", "close": 17.114346, "volume": 3243600, "typical_volume": 8633324.45, "trend": 17.237601, "fair_value": 23.597761, "relative_strength": 2.903153, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.689317, "energy": 4.714988, "activity_lines": [ 17.204247, 17.465899, 17.194937, 17.247866 ] }, { "date": "2024-09-27", "close": 18.928904, "volume": 7981476, "typical_volume": 8444677.8, "trend": 17.33638, "fair_value": 23.567443, "relative_strength": -3.203177, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.396775, "energy": 21.369708, "activity_lines": [ 17.794557, 17.747683, 17.358043, 17.356982 ] }, { "date": "2024-10-04", "close": 21.268988, "volume": 4754280, "typical_volume": 8468387.65, "trend": 17.514477, "fair_value": 23.552615, "relative_strength": -1.519139, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.336665, "energy": 56.332237, "activity_lines": [ 19.016161, 18.398328, 17.743184, 17.610699 ] }, { "date": "2024-10-11", "close": 20.128691, "volume": 12660763, "typical_volume": 8910958.15, "trend": 17.628282, "fair_value": 23.530666, "relative_strength": -2.243519, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.280429, "energy": 59.269492, "activity_lines": [ 19.605148, 18.745194, 18.00639, 17.779358 ] }, { "date": "2024-10-18", "close": 20.713713, "volume": 7430303, "typical_volume": 9124550.65, "trend": 17.72611, "fair_value": 23.422506, "relative_strength": -1.972606, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.743909, "energy": 67.370997, "activity_lines": [ 20.19083, 19.160928, 18.314311, 17.978418 ] }, { "date": "2024-10-25", "close": 20.475739, "volume": 11301136, "typical_volume": 9437809.95, "trend": 17.820604, "fair_value": 23.341508, "relative_strength": -5.197732, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.764233, "energy": 65.838748, "activity_lines": [ 20.472433, 19.504189, 18.587423, 18.155813 ] }, { "date": "2024-11-01", "close": 18.938818, "volume": 12110150, "typical_volume": 9859707.45, "trend": 17.805064, "fair_value": 23.262431, "relative_strength": -10.469818, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.652818, "energy": 47.055103, "activity_lines": [ 20.017637, 19.542048, 18.694186, 18.227956 ] }, { "date": "2024-11-08", "close": 20.029537, "volume": 9554302, "typical_volume": 10151211.3, "trend": 17.885342, "fair_value": 23.1879, "relative_strength": -10.857181, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.54453, "energy": 39.456954, "activity_lines": [ 19.925753, 19.737476, 18.892546, 18.371471 ] }, { "date": "2024-11-15", "close": 19.781647, "volume": 11658250, "typical_volume": 10463765.8, "trend": 18.021415, "fair_value": 23.102659, "relative_strength": -8.157391, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.297722, "energy": 28.347214, "activity_lines": [ 19.833869, 19.8415, 19.04874, 18.493813 ] }, { "date": "2024-11-22", "close": 19.533756, "volume": 7868021, "typical_volume": 10681451.3, "trend": 18.102578, "fair_value": 23.036889, "relative_strength": -6.18777, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.224253, "energy": 22.846471, "activity_lines": [ 19.68249, 19.852678, 19.162203, 18.591383 ] }, { "date": "2024-11-29", "close": 21.506962, "volume": 23761651, "typical_volume": 11532298.5, "trend": 18.187755, "fair_value": 22.998526, "relative_strength": 1.9983, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.801441, "energy": 39.244158, "activity_lines": [ 20.267511, 20.182778, 19.446404, 18.811021 ] }, { "date": "2024-12-06", "close": 21.368143, "volume": 12108076, "typical_volume": 11794468.65, "trend": 18.274874, "fair_value": 22.955833, "relative_strength": 0.062528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.523565, "energy": 43.939663, "activity_lines": [ 20.737511, 20.407772, 19.695285, 19.016207 ] }, { "date": "2024-12-13", "close": 20.902109, "volume": 8926577, "typical_volume": 12046725.4, "trend": 18.355985, "fair_value": 22.831386, "relative_strength": -1.029104, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.345177, "energy": 45.789135, "activity_lines": [ 20.890211, 20.503683, 19.873341, 19.185706 ] }, { "date": "2024-12-20", "close": 20.009705, "volume": 6092650, "typical_volume": 11863206.75, "trend": 18.429032, "fair_value": 22.737285, "relative_strength": -4.208781, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.931585, "energy": 35.648282, "activity_lines": [ 20.687271, 20.444009, 19.942892, 19.292398 ] }, { "date": "2024-12-27", "close": 19.236286, "volume": 5097313, "typical_volume": 10095583.2, "trend": 18.4648, "fair_value": 22.590262, "relative_strength": -7.522467, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.514807, "energy": 20.559761, "activity_lines": [ 20.211322, 20.245876, 19.92953, 19.344479 ] }, { "date": "2025-01-03", "close": 17.501055, "volume": 3701661, "typical_volume": 9033434.15, "trend": 18.505472, "fair_value": 22.441899, "relative_strength": -8.853343, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 5.581317, "energy": 12.196902, "activity_lines": [ 19.176793, 19.75911, 19.750293, 19.282302 ] }, { "date": "2025-01-10", "close": 17.788609, "volume": 4738950, "typical_volume": 8652002.05, "trend": 18.553101, "fair_value": 22.294551, "relative_strength": -5.792922, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -24.157915, "energy": 29.68433, "activity_lines": [ 18.505176, 19.378711, 19.605809, 19.236052 ] }, { "date": "2025-01-17", "close": 18.46287, "volume": 3791111, "typical_volume": 8389854.9, "trend": 18.630774, "fair_value": 22.188503, "relative_strength": -5.157094, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.245498, "energy": 31.381828, "activity_lines": [ 18.296949, 19.141818, 19.520346, 19.230231 ] }, { "date": "2025-01-24", "close": 18.790085, "volume": 4041550, "typical_volume": 8305376.15, "trend": 18.731582, "fair_value": 22.099103, "relative_strength": -4.261982, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.322784, "energy": 36.875413, "activity_lines": [ 18.360409, 18.992904, 19.461372, 19.240509 ] }, { "date": "2025-01-31", "close": 18.611603, "volume": 966050, "typical_volume": 8089393.5, "trend": 18.821153, "fair_value": 21.99944, "relative_strength": -3.524743, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.255028, "energy": 33.377064, "activity_lines": [ 18.445683, 18.829567, 19.377608, 19.232769 ] }, { "date": "2025-02-07", "close": 19.028059, "volume": 2797550, "typical_volume": 8067091.0, "trend": 18.893207, "fair_value": 21.919111, "relative_strength": -5.215035, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.987365, "energy": 11.376252, "activity_lines": [ 18.711421, 18.758715, 19.327464, 19.246117 ] }, { "date": "2025-02-14", "close": 19.018143, "volume": 5274833, "typical_volume": 7931758.85, "trend": 18.999965, "fair_value": 21.796931, "relative_strength": -7.01783, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.636669, "energy": 4.486739, "activity_lines": [ 18.872053, 18.731132, 19.267262, 19.254178 ] }, { "date": "2025-02-21", "close": 19.196625, "volume": 4992603, "typical_volume": 7943675.0, "trend": 19.107715, "fair_value": 21.693265, "relative_strength": -8.151609, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.119057, "energy": 6.12028, "activity_lines": [ 19.010211, 18.778727, 19.223633, 19.266866 ] }, { "date": "2025-02-28", "close": 18.799999, "volume": 5388042, "typical_volume": 7580038.95, "trend": 19.132173, "fair_value": 21.629051, "relative_strength": -6.901831, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.090747, "energy": 6.799548, "activity_lines": [ 18.967243, 18.785217, 19.152099, 19.247013 ] }, { "date": "2025-03-07", "close": 19.52384, "volume": 5697099, "typical_volume": 7493378.75, "trend": 19.146055, "fair_value": 21.572794, "relative_strength": -5.486321, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.790382, "energy": 7.946369, "activity_lines": [ 19.164894, 18.945309, 19.155829, 19.272282 ] }, { "date": "2025-03-14", "close": 19.52384, "volume": 5419163, "typical_volume": 7199280.1, "trend": 19.16192, "fair_value": 21.510567, "relative_strength": -6.682167, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.3969, "energy": 9.887533, "activity_lines": [ 19.30173, 19.100173, 19.165225, 19.296655 ] }, { "date": "2025-03-21", "close": 19.63291, "volume": 6460199, "typical_volume": 6916782.55, "trend": 19.259754, "fair_value": 21.446179, "relative_strength": -3.586934, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.226822, "energy": 16.68943, "activity_lines": [ 19.44187, 19.23809, 19.189542, 19.327041 ] }, { "date": "2025-03-28", "close": 20.277428, "volume": 19482847, "typical_volume": 7413209.8, "trend": 19.352961, "fair_value": 21.377714, "relative_strength": 0.295683, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.910974, "energy": 28.424058, "activity_lines": [ 19.755865, 19.459659, 19.271936, 19.392698 ] }, { "date": "2025-04-04", "close": 21.318565, "volume": 19722533, "typical_volume": 7816423.95, "trend": 19.491779, "fair_value": 21.298678, "relative_strength": 7.877325, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 49.333927, "energy": 55.093161, "activity_lines": [ 20.344852, 19.837534, 19.452306, 19.519511 ] }, { "date": "2025-04-11", "close": 22.577848, "volume": 42216756, "typical_volume": 9533860.7, "trend": 19.666294, "fair_value": 21.225724, "relative_strength": 19.954342, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 84.348872, "energy": 76.98625, "activity_lines": [ 21.185696, 20.398397, 19.745288, 19.718612 ] }, { "date": "2025-04-18", "close": 21.259071, "volume": 34034427, "typical_volume": 10047499.5, "trend": 19.804452, "fair_value": 21.110861, "relative_strength": 13.010569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.148443, "energy": 68.105507, "activity_lines": [ 21.383347, 20.647369, 19.898178, 19.821372 ] }, { "date": "2025-04-25", "close": 21.209494, "volume": 24066565, "typical_volume": 10645423.95, "trend": 19.880471, "fair_value": 21.033281, "relative_strength": 10.839648, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.317119, "energy": 60.938095, "activity_lines": [ 21.44879, 20.846763, 20.047526, 19.91202 ] }, { "date": "2025-05-02", "close": 20.108862, "volume": 10140060, "typical_volume": 10706098.1, "trend": 19.8418, "fair_value": 20.96726, "relative_strength": 5.213704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.659566, "energy": 35.580329, "activity_lines": [ 21.042251, 20.806199, 20.092807, 19.926755 ] }, { "date": "2025-05-09", "close": 21.229324, "volume": 14770463, "typical_volume": 11139988.75, "trend": 19.878488, "fair_value": 20.921852, "relative_strength": 8.403646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.778683, "energy": 28.287983, "activity_lines": [ 21.020436, 20.952769, 20.248576, 20.016272 ] }, { "date": "2025-05-16", "close": 22.161392, "volume": 25181272, "typical_volume": 12144186.7, "trend": 19.926744, "fair_value": 20.889011, "relative_strength": 12.269557, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.91108, "energy": 32.256319, "activity_lines": [ 21.31526, 21.224637, 20.487307, 20.163557 ] }, { "date": "2025-05-23", "close": 22.567932, "volume": 24190856, "typical_volume": 13168646.45, "trend": 19.996484, "fair_value": 20.873741, "relative_strength": 14.479309, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.620155, "energy": 35.680718, "activity_lines": [ 21.773361, 21.522466, 20.750826, 20.333956 ] }, { "date": "2025-05-30", "close": 21.923418, "volume": 15451450, "typical_volume": 13704271.45, "trend": 20.095971, "fair_value": 20.849863, "relative_strength": 11.956612, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.64662, "energy": 39.389282, "activity_lines": [ 21.929367, 21.647764, 20.928835, 20.458274 ] }, { "date": "2025-06-06", "close": 22.478691, "volume": 11827151, "typical_volume": 14106073.45, "trend": 20.177609, "fair_value": 20.822538, "relative_strength": 12.681412, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.850679, "energy": 48.8305, "activity_lines": [ 22.222869, 21.832374, 21.140037, 20.611998 ] }, { "date": "2025-06-13", "close": 23.02, "volume": 22023130, "typical_volume": 15005152.45, "trend": 20.285554, "fair_value": 20.803864, "relative_strength": 15.523132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.742905, "energy": 50.185672, "activity_lines": [ 22.538818, 22.075381, 21.38367, 20.795378 ] }, { "date": "2025-06-20", "close": 21.09, "volume": 12745141, "typical_volume": 15594107.0, "trend": 20.337429, "fair_value": 20.779038, "relative_strength": 6.733947, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.955489, "energy": 29.112974, "activity_lines": [ 22.092056, 21.936544, 21.42335, 20.847278 ] }, { "date": "2025-06-27", "close": 21.780001, "volume": 9046091, "typical_volume": 15906534.05, "trend": 20.34653, "fair_value": 20.75395, "relative_strength": 5.932145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.051997, "energy": 22.672283, "activity_lines": [ 21.94672, 21.950214, 21.516944, 20.940347 ] }, { "date": "2025-07-04", "close": 23.549999, "volume": 19238093, "typical_volume": 16604697.05, "trend": 20.419259, "fair_value": 20.738177, "relative_strength": 12.673649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.858087, "energy": 33.321928, "activity_lines": [ 22.443913, 22.27623, 21.766004, 21.147022 ] }, { "date": "2025-07-11", "close": 23.299999, "volume": 12794450, "typical_volume": 16994789.4, "trend": 20.499188, "fair_value": 20.715726, "relative_strength": 9.236238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.822527, "energy": 34.494224, "activity_lines": [ 22.749333, 22.514237, 21.969674, 21.332877 ] }, { "date": "2025-07-18", "close": 24.389999, "volume": 14774102, "typical_volume": 17464092.4, "trend": 20.645198, "fair_value": 20.700095, "relative_strength": 11.571903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.401711, "energy": 63.403797, "activity_lines": [ 23.363333, 22.892405, 22.257614, 21.583897 ] }, { "date": "2025-07-25", "close": 24.77, "volume": 24492980, "typical_volume": 18403886.45, "trend": 20.829655, "fair_value": 20.688322, "relative_strength": 10.347656, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.747682, "energy": 75.310937, "activity_lines": [ 24.012666, 23.282197, 22.555125, 21.850013 ] }, { "date": "2025-08-01", "close": 24.65, "volume": 17009362, "typical_volume": 18983396.4, "trend": 21.067954, "fair_value": 20.67808, "relative_strength": 11.440459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.654678, "energy": 73.931836, "activity_lines": [ 24.376666, 23.602742, 22.816226, 22.096487 ] }, { "date": "2025-08-08", "close": 25.15, "volume": 16413409, "typical_volume": 19481056.9, "trend": 21.313333, "fair_value": 20.672966, "relative_strength": 12.315296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.366591, "energy": 77.040782, "activity_lines": [ 24.716, 23.97634, 23.100536, 22.359845 ] }, { "date": "2025-08-15", "close": 24.25, "volume": 26161839, "typical_volume": 19815006.5, "trend": 21.506238, "fair_value": 20.659699, "relative_strength": 3.781523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.579216, "energy": 61.886589, "activity_lines": [ 24.648667, 24.127636, 23.27286, 22.549307 ] }, { "date": "2025-08-22", "close": 23.83, "volume": 14047585, "typical_volume": 19531259.1, "trend": 21.674235, "fair_value": 20.643573, "relative_strength": -2.393662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.690268, "energy": 43.642598, "activity_lines": [ 24.378, 24.170363, 23.386266, 22.699227 ] }, { "date": "2025-08-29", "close": 24.23, "volume": 16542601, "typical_volume": 18247551.35, "trend": 21.861515, "fair_value": 20.633941, "relative_strength": -4.729613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.489932, "energy": 36.448835, "activity_lines": [ 24.278, 24.271091, 23.525809, 22.864115 ] }, { "date": "2025-09-05", "close": 23.889999, "volume": 15437516, "typical_volume": 17317705.8, "trend": 22.023579, "fair_value": 20.621168, "relative_strength": -5.085241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.023201, "energy": 24.849556, "activity_lines": [ 24.100666, 24.252909, 23.625103, 22.994985 ] }, { "date": "2025-09-12", "close": 24.01, "volume": 10277932, "typical_volume": 16628274.15, "trend": 22.189975, "fair_value": 20.614559, "relative_strength": -6.78852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.702557, "energy": 21.352273, "activity_lines": [ 24.014, 24.218182, 23.723298, 23.123141 ] }, { "date": "2025-09-19", "close": 23.379999, "volume": 9656116, "typical_volume": 16604076.95, "trend": 22.32942, "fair_value": 20.610768, "relative_strength": -9.965955, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.626123, "energy": 17.343139, "activity_lines": [ 23.793333, 24.060545, 23.748157, 23.199917 ] }, { "date": "2025-09-26", "close": 22.530001, "volume": 8414781, "typical_volume": 16286292.85, "trend": 22.453754, "fair_value": 20.591953, "relative_strength": -13.910101, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.117048, "energy": 12.795637, "activity_lines": [ 23.347333, 23.746909, 23.676487, 23.212858 ] }, { "date": "2025-10-03", "close": 22.799999, "volume": 2743882, "typical_volume": 15164423.35, "trend": 22.562959, "fair_value": 20.583441, "relative_strength": -14.646453, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.053333, "energy": 13.13695, "activity_lines": [ 23.078, 23.516182, 23.624337, 23.235196 ] }, { "date": "2025-10-10", "close": 23.129999, "volume": 2841273, "typical_volume": 14096944.2, "trend": 22.683164, "fair_value": 20.582856, "relative_strength": -12.071634, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.634891, "energy": 16.015998, "activity_lines": [ 23.013999, 23.381272, 23.600575, 23.271779 ] }, { "date": "2025-10-17", "close": 22.68, "volume": 6277927, "typical_volume": 13638268.05, "trend": 22.784734, "fair_value": 20.586954, "relative_strength": -9.065133, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.883619, "energy": 15.33398, "activity_lines": [ 22.850666, 23.192181, 23.531279, 23.271575 ] }, { "date": "2025-10-24", "close": 23.639999, "volume": 6827983, "typical_volume": 13388309.65, "trend": 22.89682, "fair_value": 20.599047, "relative_strength": -9.364918, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.037699, "energy": 11.496497, "activity_lines": [ 23.095999, 23.222545, 23.549809, 23.326754 ] }, { "date": "2025-10-31", "close": 22.84, "volume": 8340522, "typical_volume": 12704179.25, "trend": 22.947534, "fair_value": 20.60208, "relative_strength": -12.926013, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.422776, "energy": 7.159613, "activity_lines": [ 23.057333, 23.118545, 23.486619, 23.323088 ] }, { "date": "2025-11-07", "close": 23.57, "volume": 9492750, "typical_volume": 12541559.7, "trend": 22.980606, "fair_value": 20.607953, "relative_strength": -10.284553, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.987281, "energy": 10.651426, "activity_lines": [ 23.241333, 23.165272, 23.493809, 23.363247 ] }, { "date": "2025-11-14", "close": 24.110001, "volume": 7668701, "typical_volume": 12472690.2, "trend": 23.075637, "fair_value": 20.628703, "relative_strength": -6.908827, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.599589, "energy": 22.68183, "activity_lines": [ 23.554, 23.322182, 23.540619, 23.436111 ] }, { "date": "2025-11-21", "close": 21.780001, "volume": 7739045, "typical_volume": 11897737.8, "trend": 23.094654, "fair_value": 20.625109, "relative_strength": -11.241148, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.872202, "energy": 13.334697, "activity_lines": [ 23.024667, 23.051455, 23.354428, 23.352522 ] }, { "date": "2025-11-28", "close": 22.559999, "volume": 6281834, "typical_volume": 11572107.0, "trend": 23.176358, "fair_value": 20.625679, "relative_strength": -10.967557, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.496432, "energy": 18.701654, "activity_lines": [ 22.815333, 22.963091, 23.250952, 23.318028 ] }, { "date": "2025-12-05", "close": 22.280001, "volume": 5313246, "typical_volume": 11099064.2, "trend": 23.211381, "fair_value": 20.618809, "relative_strength": -12.921661, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.833541, "energy": 35.911251, "activity_lines": [ 22.584667, 22.838727, 23.124333, 23.260198 ] }, { "date": "2025-12-12", "close": 21.040001, "volume": 6677955, "typical_volume": 10208312.95, "trend": 23.174001, "fair_value": 20.610179, "relative_strength": -18.159809, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.743615, "energy": 69.11297, "activity_lines": [ 21.978001, 22.493455, 22.889667, 23.120109 ] }, { "date": "2025-12-19", "close": 21.43, "volume": 4933649, "typical_volume": 9604527.3, "trend": 23.13607, "fair_value": 20.603212, "relative_strength": -15.685645, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.554037, "energy": 68.010496, "activity_lines": [ 21.67, 22.251091, 22.709905, 23.007593 ] }, { "date": "2025-12-26", "close": 21.34, "volume": 4906010, "typical_volume": 9029157.35, "trend": 23.116623, "fair_value": 20.593034, "relative_strength": -18.71085, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.647985, "energy": 71.720506, "activity_lines": [ 21.510667, 22.023273, 22.536905, 22.891718 ] }, { "date": "2026-01-02", "close": 21.35, "volume": 3043350, "typical_volume": 7873232.9, "trend": 23.079, "fair_value": 20.580412, "relative_strength": -18.043536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.256848, "energy": 71.141124, "activity_lines": [ 21.384, 21.821637, 22.383, 22.777742 ] }, { "date": "2026-01-09", "close": 22.190001, "volume": 6669662, "typical_volume": 7504336.75, "trend": 23.051333, "fair_value": 20.589732, "relative_strength": -18.209606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.910711, "energy": 44.344491, "activity_lines": [ 21.618, 21.814364, 22.322905, 22.720387 ] }, { "date": "2026-01-16", "close": 22.860001, "volume": 8366785, "typical_volume": 7095545.95, "trend": 23.110333, "fair_value": 20.60757, "relative_strength": -16.508835, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.104729, "energy": 23.150588, "activity_lines": [ 22.081334, 21.940728, 22.334429, 22.708043 ] }, { "date": "2026-01-23", "close": 23.75, "volume": 8541156, "typical_volume": 6750727.95, "trend": 23.176, "fair_value": 20.627099, "relative_strength": -14.055071, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.775994, "energy": 14.544142, "activity_lines": [ 22.72, 22.241819, 22.437238, 22.749312 ] }, { "date": "2026-01-30", "close": 23.77, "volume": 9137113, "typical_volume": 6693687.0, "trend": 23.183333, "fair_value": 20.647886, "relative_strength": -12.427014, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 24.116733, "energy": 29.679689, "activity_lines": [ 23.210667, 22.553091, 22.542619, 22.787635 ] }, { "date": "2026-02-06", "close": 23.950001, "volume": 9570992, "typical_volume": 6689430.8, "trend": 23.205, "fair_value": 20.664976, "relative_strength": -9.795842, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.841205, "energy": 36.045603, "activity_lines": [ 23.599334, 22.86091, 22.666286, 22.837097 ] }, { "date": "2026-02-13", "close": 24.049999, "volume": 7899811, "typical_volume": 6663682.3, "trend": 23.193667, "fair_value": 20.678191, "relative_strength": -10.604778, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.615093, "energy": 48.606017, "activity_lines": [ 23.848, 23.161637, 22.796762, 22.891613 ] }, { "date": "2026-02-27", "close": 24.799999, "volume": 6101438, "typical_volume": 6831560.1, "trend": 23.194667, "fair_value": 20.691363, "relative_strength": -10.296207, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.285642, "energy": 66.046835, "activity_lines": [ 24.222666, 23.566545, 22.991429, 22.995247 ] }, { "date": "2026-03-06", "close": 24.52, "volume": 9593532, "typical_volume": 7169173.05, "trend": 23.190333, "fair_value": 20.703285, "relative_strength": -9.252991, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.718474, "energy": 63.149508, "activity_lines": [ 24.374666, 23.852182, 23.149905, 23.080753 ] }, { "date": "2026-03-13", "close": 24.84, "volume": 9226300, "typical_volume": 7316591.7, "trend": 23.18, "fair_value": 20.716254, "relative_strength": -8.708661, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.708732, "energy": 72.68751, "activity_lines": [ 24.582, 24.139818, 23.332238, 23.187183 ] }, { "date": "2026-03-20", "close": 23.0, "volume": 9955619, "typical_volume": 7472973.5, "trend": 23.138333, "fair_value": 20.721609, "relative_strength": -12.838384, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.064779, "energy": 39.380126, "activity_lines": [ 24.104666, 24.029273, 23.329048, 23.17557 ] }, { "date": "2026-03-27", "close": 22.76, "volume": 10963694, "typical_volume": 7604132.1, "trend": 23.102667, "fair_value": 20.726137, "relative_strength": -12.923541, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.141418, "energy": 16.594529, "activity_lines": [ 23.610667, 23.845091, 23.306048, 23.151161 ] }, { "date": "2026-04-03", "close": 22.549999, "volume": 8527125, "typical_volume": 7555850.85, "trend": 23.046667, "fair_value": 20.731869, "relative_strength": -10.893257, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.604622, "energy": 17.209945, "activity_lines": [ 23.132666, 23.612363, 23.263429, 23.115505 ] }, { "date": "2026-04-10", "close": 23.52, "volume": 7627750, "typical_volume": 7553803.3, "trend": 23.034333, "fair_value": 20.740056, "relative_strength": -12.908228, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.692151, "energy": 22.312802, "activity_lines": [ 23.128, 23.561636, 23.318048, 23.146043 ] }, { "date": "2026-04-17", "close": 22.662546, "volume": 6527439, "typical_volume": 7493223.0, "trend": 22.989418, "fair_value": 20.749855, "relative_strength": -18.689481, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.821818, "energy": 16.008985, "activity_lines": [ 22.904182, 23.35919, 23.293814, 23.122057 ] }, { "date": "2026-04-24", "close": 23.21385, "volume": 7953050, "typical_volume": 7576783.8, "trend": 22.98388, "fair_value": 20.764024, "relative_strength": -16.485965, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.274404, "energy": 11.706016, "activity_lines": [ 23.009295, 23.277116, 23.317883, 23.136536 ] }, { "date": "2026-05-01", "close": 23.952204, "volume": 8366983, "typical_volume": 7729470.65, "trend": 23.031287, "fair_value": 20.783009, "relative_strength": -14.293511, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.853907, "energy": 14.564059, "activity_lines": [ 23.34627, 23.342674, 23.409157, 23.199009 ] }, { "date": "2026-05-08", "close": 24.198322, "volume": 6178383, "typical_volume": 7704492.05, "trend": 23.077897, "fair_value": 20.80997, "relative_strength": -15.532755, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.778174, "energy": 21.523926, "activity_lines": [ 23.685805, 23.454758, 23.515909, 23.274301 ] }, { "date": "2026-05-15", "close": 23.21385, "volume": 10781837, "typical_volume": 7996901.45, "trend": 23.080692, "fair_value": 20.827066, "relative_strength": -18.441366, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.987272, "energy": 18.694827, "activity_lines": [ 23.587293, 23.398786, 23.513862, 23.283072 ] }, { "date": "2026-05-22", "close": 22.58379, "volume": 10054865, "typical_volume": 8254344.2, "trend": 23.077485, "fair_value": 20.841127, "relative_strength": -20.226238, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.103977, "energy": 9.188903, "activity_lines": [ 23.299172, 23.252007, 23.443314, 23.251014 ] }, { "date": "2026-05-29", "close": 20.506552, "volume": 9178350, "typical_volume": 8561094.2, "trend": 22.973037, "fair_value": 20.840826, "relative_strength": -26.753915, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.119118, "energy": 39.47954, "activity_lines": [ 22.323888, 22.76857, 23.169012, 23.085148 ] }, { "date": "2026-06-05", "close": 19.935558, "volume": 1457555, "typical_volume": 8300488.85, "trend": 22.876222, "fair_value": 20.834022, "relative_strength": -26.892891, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.594529, "energy": 62.746536, "activity_lines": [ 21.338759, 22.226651, 22.844345, 22.889181 ] }, { "date": "2026-06-12", "close": 19.187359, "volume": 1222219, "typical_volume": 7943260.55, "trend": 22.730134, "fair_value": 20.820206, "relative_strength": -27.258032, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.768119, "energy": 83.153439, "activity_lines": [ 20.372008, 21.60005, 22.459157, 22.65119 ] }, { "date": "2026-06-19", "close": 18.459999, "volume": 5308531, "typical_volume": 7781629.3, "trend": 22.541801, "fair_value": 20.803734, "relative_strength": -33.864966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.399939, "energy": 90.887701, "activity_lines": [ 19.496867, 20.90234, 22.022186, 22.375697 ] }, { "date": "2026-06-26", "close": 17.66, "volume": 1278500, "typical_volume": 7388698.65, "trend": 22.404468, "fair_value": 20.78502, "relative_strength": -35.02523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.475434, "energy": 94.006158, "activity_lines": [ 18.671983, 20.151176, 21.534214, 22.060742 ] }, { "date": "2026-07-03", "close": 18.889999, "volume": 1832050, "typical_volume": 7001751.55, "trend": 22.282134, "fair_value": 20.774643, "relative_strength": -28.972895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.663218, "energy": 87.138399, "activity_lines": [ 18.585351, 19.714603, 21.19248, 21.834003 ] }, { "date": "2026-07-10", "close": 18.129999, "volume": 6085501, "typical_volume": 6911036.05, "trend": 22.143801, "fair_value": 20.765648, "relative_strength": -28.499432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.271017, "energy": 86.779877, "activity_lines": [ 18.353157, 19.218464, 20.802461, 21.566123 ] }, { "date": "2026-07-17", "close": 18.23, "volume": 7814557, "typical_volume": 6996692.0, "trend": 22.050134, "fair_value": 20.751799, "relative_strength": -20.306074, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.237458, "energy": 69.0148, "activity_lines": [ 18.274666, 18.846365, 20.450156, 21.31362 ] }, { "date": "2026-07-24", "close": 16.870001, "volume": 8166960, "typical_volume": 6925363.4, "trend": 21.898134, "fair_value": 20.726704, "relative_strength": -25.750206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.891607, "energy": 66.666702, "activity_lines": [ 17.806667, 18.335509, 19.999613, 20.979417 ] }, { "date": "2026-07-31", "close": 17.75, "volume": 6476390, "typical_volume": 6787867.9, "trend": 21.778468, "fair_value": 20.706366, "relative_strength": -19.900355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.455386, "energy": 60.943016, "activity_lines": [ 17.738, 18.099995, 19.669309, 20.711796 ] }, { "date": "2026-08-07", "close": 18.700001, "volume": 6446057, "typical_volume": 6612389.8, "trend": 21.690134, "fair_value": 20.691928, "relative_strength": -19.037127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.114815, "energy": 53.363515, "activity_lines": [ 17.98, 18.125096, 19.463242, 20.513185 ] } ], "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." } } }