{ "ticker": { "uuid": "c4b21ead-3239-4aa7-b9f7-56c6ff3624d6", "symbol": "301311", "name": "KSEC Intelligent 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -63.225, "architecture_energy": 56.639, "architecture_maturity": 76.473, "architecture_confidence": 93.191, "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": 8.05, "rotation_up": 26.43, "upward_expansion": 9.9, "deceleration": 60.89, "rotation_down": 53.83, "downward_expansion": 83.23 }, "activity_lines": [ 13.241333, 13.367091, 14.261238, 15.096237 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 13.56, "trend_reference": 16.289333, "distance_from_trend": -0.167553, "trend_direction": "Weakening", "fair_value": 19.293908, "distance_from_fair_value": -0.297187, "fair_value_direction": "Weakening", "relative_strength": -27.099462, "relative_strength_direction": "Improving", "price_momentum": -0.250829, "excess_performance": -0.258228, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.167553, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.104309, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.297187, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.143567, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.270995, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.013641, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.250829, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.588245, "read": "Supply-led" } ], "volume": { "latest": 15601691, "relative_activity": 1.650289, "balance": 0.588245, "dry_up": 1.485404, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.075391, "annualized_volatility": 0.297144, "from_high_reference": -0.446305, "from_low_reference": 0.116049 }, "levels": { "trend_reference": 16.289333, "fair_value_reference": 19.293908, "structural_low": 12.15, "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": 0.017294, "positive_rate": 0.538462, "directional_follow_through": 0.461538, "median_excess_return": -0.006149, "regime_survival": 0.769231, "best_return": 0.259709, "worst_return": -0.18, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.007048, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.089456, "regime_survival": 0.6, "best_return": 0.341675, "worst_return": -0.144927, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.03816, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.166535, "regime_survival": 0.333333, "best_return": 0.243352, "worst_return": -0.255502, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.08783, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.08506, "regime_survival": 0.0, "best_return": 0.08783, "worst_return": 0.08783, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": 0.085957, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": 0.021109, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-13", "end": "2025-01-10", "tenure": "Developing", "return": -0.184533, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": 0.056995, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-04-18", "tenure": "Developing", "return": -0.141569, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": 0.144631, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.108884, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-09-05", "tenure": "Developing", "return": -0.129288, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": -0.036743, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": 0.024922, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-12-19", "tenure": "Developing", "return": -0.075924, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-05-08", "tenure": "Established", "return": -0.080515, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.033613, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.084402, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 27.789993, "volume": 72197788, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-04", "close": 24.77734, "volume": 47269747, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 24.658024, "volume": 36165764, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 25.244646, "volume": 46935911, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 22.281708, "volume": 43310772, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 24.319969, "volume": 31748592, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 24.598368, "volume": 26331931, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 23.216326, "volume": 19271714, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 23.246153, "volume": 15212147, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 23.166613, "volume": 15287453, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 22.053024, "volume": 15813999, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 20.760464, "volume": 15864198, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 20.979206, "volume": 11630167, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 20.949379, "volume": 13895122, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 21.307318, "volume": 14977526, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 21.6752, "volume": 14296544, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 21.09852, "volume": 14753487, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 22.967758, "volume": 42161995, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 23.981918, "volume": 83451156, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 24.021688, "volume": 63233402, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 26.596861, "volume": 64904728, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 24.160885, "volume": 49078679, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 23.70352, "volume": 30442783, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 23.66375, "volume": 42628780, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 21.048807, "volume": 19589037, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 21.983425, "volume": 32260324, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 19.119911, "volume": 33447293, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 18.165409, "volume": 27758578, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 21.615543, "volume": 41486818, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 22.7689, "volume": 64511312, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 22.062967, "volume": 48610772, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 21.56583, "volume": 27359453, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 21.685141, "volume": 28153712, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 20.263329, "volume": 21092316, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 19.726419, "volume": 11440370, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 18.791801, "volume": 15361618, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 19.000601, "volume": 27959033, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 19.835791, "volume": 28006368, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 20.760464, "volume": 16023869, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 19.915333, "volume": 19490022, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 19.497738, "volume": 12490741, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 18.682432, "volume": 18989418, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 19.199453, "volume": 14151414, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 18.413977, "volume": 18161479, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 18.980715, "volume": 13270674, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 17.787582, "volume": 11858248, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 18.274778, "volume": 13469648, "typical_volume": 23982293.15, "trend": 20.941424, "fair_value": 21.853183, "relative_strength": -9.753147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.698552, "energy": 52.68726, "activity_lines": [ 18.366251, 18.750584, 19.330699, 19.924484 ] }, { "date": "2024-07-05", "close": 17.310331, "volume": 9248403, "typical_volume": 23056784.4, "trend": 20.752843, "fair_value": 21.797099, "relative_strength": -12.618235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.618164, "energy": 53.712103, "activity_lines": [ 17.959261, 18.418858, 19.088853, 19.69022 ] }, { "date": "2024-07-12", "close": 17.296368, "volume": 8614185, "typical_volume": 21413152.75, "trend": 20.529992, "fair_value": 21.742212, "relative_strength": -13.738847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.067106, "energy": 59.310291, "activity_lines": [ 17.673558, 18.13051, 18.849749, 19.467221 ] }, { "date": "2024-07-19", "close": 16.747751, "volume": 7713044, "typical_volume": 18573239.35, "trend": 20.287527, "fair_value": 21.682037, "relative_strength": -16.2915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.314349, "energy": 66.355227, "activity_lines": [ 17.279491, 17.805397, 18.578964, 19.223206 ] }, { "date": "2024-07-26", "close": 17.69536, "volume": 19329883, "typical_volume": 17109194.9, "trend": 19.99081, "fair_value": 21.634577, "relative_strength": -8.024249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.807323, "energy": 55.657518, "activity_lines": [ 17.350157, 17.71017, 18.427099, 19.055969 ] }, { "date": "2024-08-02", "close": 17.685385, "volume": 18902015, "typical_volume": 16686323.0, "trend": 19.77496, "fair_value": 21.588116, "relative_strength": -7.334117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.67484, "energy": 43.949863, "activity_lines": [ 17.423646, 17.645899, 18.295082, 18.907232 ] }, { "date": "2024-08-09", "close": 16.298883, "volume": 13359234, "typical_volume": 15946599.1, "trend": 19.528139, "fair_value": 21.526613, "relative_strength": -12.5492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.651359, "energy": 49.26028, "activity_lines": [ 17.07426, 17.347665, 18.049496, 18.682969 ] }, { "date": "2024-08-16", "close": 16.388657, "volume": 7292082, "typical_volume": 15256587.4, "trend": 19.285636, "fair_value": 21.467556, "relative_strength": -11.420273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.35299, "energy": 46.877101, "activity_lines": [ 16.82223, 17.118491, 17.838109, 18.480422 ] }, { "date": "2024-08-23", "close": 15.371223, "volume": 6883340, "typical_volume": 15028735.9, "trend": 19.096383, "fair_value": 21.39828, "relative_strength": -14.91676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.340074, "energy": 65.202372, "activity_lines": [ 16.291568, 16.741153, 17.548274, 18.227879 ] }, { "date": "2024-08-30", "close": 15.381198, "volume": 11434126, "typical_volume": 14832361.3, "trend": 18.876309, "fair_value": 21.330672, "relative_strength": -16.142829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.004124, "energy": 72.799728, "activity_lines": [ 15.856, 16.431256, 17.280128, 17.98819 ] }, { "date": "2024-09-06", "close": 16.797625, "volume": 73377490, "typical_volume": 17103284.15, "trend": 18.798899, "fair_value": 21.280305, "relative_strength": -5.85839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.781278, "energy": 44.450439, "activity_lines": [ 16.046852, 16.422644, 17.163121, 17.854081 ] }, { "date": "2024-09-13", "close": 19.480856, "volume": 64750740, "typical_volume": 18940502.75, "trend": 18.842748, "fair_value": 21.260531, "relative_strength": 11.080162, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.117276, "energy": 15.219471, "activity_lines": [ 17.191298, 16.928749, 17.31215, 17.898078 ] }, { "date": "2024-09-20", "close": 16.43853, "volume": 41032493, "typical_volume": 20190933.95, "trend": 18.670181, "fair_value": 21.208118, "relative_strength": -7.040087, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.838947, "energy": 18.072876, "activity_lines": [ 17.109505, 16.842239, 17.173123, 17.742967 ] }, { "date": "2024-09-27", "close": 18.403574, "volume": 53328073, "typical_volume": 21882836.5, "trend": 18.52467, "fair_value": 21.177961, "relative_strength": -11.399516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.629679, "energy": 16.4431, "activity_lines": [ 17.6794, 17.128608, 17.241825, 17.725767 ] }, { "date": "2024-10-04", "close": 20.967108, "volume": 18106693, "typical_volume": 22163634.1, "trend": 18.488141, "fair_value": 21.175718, "relative_strength": -8.551379, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.308538, "energy": 30.801146, "activity_lines": [ 18.901651, 17.850968, 17.561871, 17.883344 ] }, { "date": "2024-10-11", "close": 19.959648, "volume": 73001050, "typical_volume": 24864215.7, "trend": 18.434602, "fair_value": 21.162917, "relative_strength": -8.638827, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.207759, "energy": 30.242179, "activity_lines": [ 19.415687, 18.330667, 17.778972, 17.97828 ] }, { "date": "2024-10-18", "close": 20.707762, "volume": 52668894, "typical_volume": 26790089.7, "trend": 18.402022, "fair_value": 21.158176, "relative_strength": -7.77579, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.771617, "energy": 42.888728, "activity_lines": [ 19.968294, 18.905036, 18.06124, 18.124935 ] }, { "date": "2024-10-25", "close": 21.166603, "volume": 48965955, "typical_volume": 28330313.5, "trend": 18.432132, "fair_value": 21.158263, "relative_strength": -7.915583, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.312123, "energy": 54.743359, "activity_lines": [ 20.592053, 19.48267, 18.380024, 18.303295 ] }, { "date": "2024-11-01", "close": 19.8599, "volume": 36253163, "typical_volume": 29479437.95, "trend": 18.436581, "fair_value": 21.145014, "relative_strength": -12.048701, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.828329, "energy": 36.871079, "activity_lines": [ 20.46504, 19.735849, 18.561253, 18.395409 ] }, { "date": "2024-11-08", "close": 21.67532, "volume": 37806094, "typical_volume": 30776830.25, "trend": 18.532698, "fair_value": 21.150371, "relative_strength": -9.934688, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.458499, "energy": 49.65498, "activity_lines": [ 20.846079, 20.237493, 18.911193, 18.60436 ] }, { "date": "2024-11-15", "close": 20.318743, "volume": 52839242, "typical_volume": 32745309.95, "trend": 18.576636, "fair_value": 21.142055, "relative_strength": -12.137713, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.491645, "energy": 34.542241, "activity_lines": [ 20.727711, 20.378048, 19.113421, 18.719589 ] }, { "date": "2024-11-22", "close": 19.32126, "volume": 24806718, "typical_volume": 33523225.7, "trend": 18.559485, "fair_value": 21.124027, "relative_strength": -13.720294, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.203769, "energy": 22.985737, "activity_lines": [ 20.252909, 20.273221, 19.210918, 18.767629 ] }, { "date": "2024-11-29", "close": 19.969624, "volume": 24901584, "typical_volume": 34337595.65, "trend": 18.533124, "fair_value": 21.112709, "relative_strength": -12.071959, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.510336, "energy": 20.979646, "activity_lines": [ 20.086662, 20.289181, 19.360588, 18.858606 ] }, { "date": "2024-12-06", "close": 20.74766, "volume": 23245380, "typical_volume": 35114212.45, "trend": 18.560868, "fair_value": 21.109165, "relative_strength": -9.810047, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.56858, "energy": 20.688326, "activity_lines": [ 20.259559, 20.3824, 19.571627, 19.001479 ] }, { "date": "2024-12-13", "close": 20.378592, "volume": 24990404, "typical_volume": 35397238.5, "trend": 18.59023, "fair_value": 21.102141, "relative_strength": -10.275093, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.17997, "energy": 19.647253, "activity_lines": [ 20.250249, 20.365897, 19.72847, 19.118752 ] }, { "date": "2024-12-20", "close": 19.849924, "volume": 19349342, "typical_volume": 35419604.85, "trend": 18.629146, "fair_value": 21.090215, "relative_strength": -11.499302, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.527658, "energy": 20.123019, "activity_lines": [ 20.151165, 20.263972, 19.822186, 19.200022 ] }, { "date": "2024-12-27", "close": 18.972139, "volume": 29027835, "typical_volume": 36203034.9, "trend": 18.621569, "fair_value": 21.070233, "relative_strength": -14.658447, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.038803, "energy": 14.194795, "activity_lines": [ 19.790741, 20.004444, 19.821996, 19.222151 ] }, { "date": "2025-01-03", "close": 16.558229, "volume": 12359464, "typical_volume": 36456404.0, "trend": 18.559711, "fair_value": 21.028065, "relative_strength": -19.131723, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.889697, "energy": 15.708911, "activity_lines": [ 18.648954, 19.337581, 19.57918, 19.089032 ] }, { "date": "2025-01-10", "close": 16.618078, "volume": 11271598, "typical_volume": 36675816.9, "trend": 18.480956, "fair_value": 20.987231, "relative_strength": -17.306524, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.118847, "energy": 47.808699, "activity_lines": [ 17.754544, 18.765388, 19.341256, 18.963765 ] }, { "date": "2025-01-17", "close": 17.326292, "volume": 11362834, "typical_volume": 36672252.3, "trend": 18.46558, "fair_value": 20.953645, "relative_strength": -16.155332, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.288825, "energy": 52.453187, "activity_lines": [ 17.371511, 18.380904, 19.164844, 18.889271 ] }, { "date": "2025-01-24", "close": 17.755209, "volume": 12490757, "typical_volume": 33627915.65, "trend": 18.448261, "fair_value": 20.924568, "relative_strength": -14.635524, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.483153, "energy": 53.826984, "activity_lines": [ 17.334936, 18.153477, 19.020019, 18.843441 ] }, { "date": "2025-01-31", "close": 17.416063, "volume": 1980000, "typical_volume": 30489378.65, "trend": 18.451785, "fair_value": 20.89296, "relative_strength": -14.493254, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.494814, "energy": 48.947648, "activity_lines": [ 17.324961, 17.910998, 18.838334, 18.776847 ] }, { "date": "2025-02-07", "close": 18.243977, "volume": 8086644, "typical_volume": 28842086.2, "trend": 18.483372, "fair_value": 20.869308, "relative_strength": -13.446856, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.057904, "energy": 24.759326, "activity_lines": [ 17.694695, 17.853688, 18.745331, 18.76344 ] }, { "date": "2025-02-14", "close": 18.313801, "volume": 12727583, "typical_volume": 26812061.7, "trend": 18.535574, "fair_value": 20.846693, "relative_strength": -14.22319, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.789617, "energy": 14.756319, "activity_lines": [ 17.975321, 17.840449, 18.65038, 18.7525 ] }, { "date": "2025-02-21", "close": 18.812542, "volume": 18305381, "typical_volume": 26821996.1, "trend": 18.572813, "fair_value": 20.82885, "relative_strength": -13.262346, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.490579, "energy": 9.294394, "activity_lines": [ 18.309145, 17.962142, 18.603355, 18.770369 ] }, { "date": "2025-02-28", "close": 18.084377, "volume": 21925096, "typical_volume": 24268198.4, "trend": 18.586113, "fair_value": 20.804985, "relative_strength": -13.031735, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.180331, "energy": 10.551011, "activity_lines": [ 18.301165, 17.979915, 18.497242, 18.738857 ] }, { "date": "2025-03-07", "close": 19.081861, "volume": 22432696, "typical_volume": 22756388.5, "trend": 18.678879, "fair_value": 20.79013, "relative_strength": -9.674705, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.216841, "energy": 12.702779, "activity_lines": [ 18.603735, 18.211149, 18.495057, 18.770841 ] }, { "date": "2025-03-14", "close": 19.770126, "volume": 29355000, "typical_volume": 21775840.75, "trend": 18.791595, "fair_value": 20.781412, "relative_strength": -7.158235, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.386543, "energy": 21.410101, "activity_lines": [ 19.024673, 18.565528, 18.566163, 18.841244 ] }, { "date": "2025-03-21", "close": 20.817486, "volume": 43532538, "typical_volume": 22139809.5, "trend": 18.973137, "fair_value": 20.781718, "relative_strength": 0.738538, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.86987, "energy": 35.188615, "activity_lines": [ 19.692988, 19.051938, 18.743668, 18.971946 ] }, { "date": "2025-03-28", "close": 18.423523, "volume": 39207824, "typical_volume": 22209896.0, "trend": 19.074548, "fair_value": 20.761901, "relative_strength": -9.796363, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.400259, "energy": 20.660892, "activity_lines": [ 19.396402, 19.026729, 18.688616, 18.936487 ] }, { "date": "2025-04-04", "close": 17.835007, "volume": 12414905, "typical_volume": 20188679.15, "trend": 19.109127, "fair_value": 20.73751, "relative_strength": -10.332543, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.206899, "energy": 17.440295, "activity_lines": [ 18.92958, 18.874567, 18.593, 18.856517 ] }, { "date": "2025-04-11", "close": 16.7677, "volume": 39310044, "typical_volume": 20913845.45, "trend": 19.018689, "fair_value": 20.704702, "relative_strength": -10.848245, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.804342, "energy": 29.344864, "activity_lines": [ 18.123613, 18.526899, 18.407563, 18.705457 ] }, { "date": "2025-04-18", "close": 16.149261, "volume": 15993196, "typical_volume": 20468426.05, "trend": 19.009046, "fair_value": 20.667362, "relative_strength": -13.327345, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.384616, "energy": 57.421297, "activity_lines": [ 17.265777, 18.078575, 18.175387, 18.520333 ] }, { "date": "2025-04-25", "close": 16.069462, "volume": 14899000, "typical_volume": 20051107.05, "trend": 18.931243, "fair_value": 20.629981, "relative_strength": -14.522837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.065173, "energy": 73.156163, "activity_lines": [ 16.622733, 17.653829, 17.953803, 18.330682 ] }, { "date": "2025-05-02", "close": 16.20911, "volume": 6978614, "typical_volume": 19150517.55, "trend": 18.772643, "fair_value": 20.594329, "relative_strength": -13.164639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.80624, "energy": 74.311543, "activity_lines": [ 16.342773, 17.295279, 17.767796, 18.155061 ] }, { "date": "2025-05-09", "close": 17.835007, "volume": 29941059, "typical_volume": 19680103.4, "trend": 18.701821, "fair_value": 20.572254, "relative_strength": -6.323558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.791196, "energy": 57.985086, "activity_lines": [ 16.752406, 17.279681, 17.756492, 18.094568 ] }, { "date": "2025-05-16", "close": 18.882366, "volume": 90810403, "typical_volume": 22769231.8, "trend": 18.640975, "fair_value": 20.558842, "relative_strength": -1.181682, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.083187, "energy": 17.227484, "activity_lines": [ 17.511158, 17.459047, 17.85453, 18.106216 ] }, { "date": "2025-05-23", "close": 18.194101, "volume": 37446658, "typical_volume": 24023591.5, "trend": 18.541891, "fair_value": 20.540222, "relative_strength": -4.156877, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.852537, "energy": 15.766007, "activity_lines": [ 17.899511, 17.516901, 17.887447, 18.077386 ] }, { "date": "2025-05-30", "close": 18.393599, "volume": 40824664, "typical_volume": 25501244.8, "trend": 18.493015, "fair_value": 20.523452, "relative_strength": -2.000622, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.732411, "energy": 18.682735, "activity_lines": [ 18.218041, 17.639682, 17.931574, 18.067818 ] }, { "date": "2025-06-06", "close": 18.33375, "volume": 21159371, "typical_volume": 25991071.65, "trend": 18.381629, "fair_value": 20.506478, "relative_strength": -3.504004, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.201304, "energy": 18.743535, "activity_lines": [ 18.361679, 17.795653, 17.961546, 18.057543 ] }, { "date": "2025-06-13", "close": 18.453447, "volume": 30272078, "typical_volume": 26880137.7, "trend": 18.319452, "fair_value": 20.490685, "relative_strength": -2.05244, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.634714, "energy": 8.969377, "activity_lines": [ 18.403573, 17.975018, 17.99812, 18.062177 ] }, { "date": "2025-06-20", "close": 19.650429, "volume": 59324548, "typical_volume": 29747365.1, "trend": 18.330425, "fair_value": 20.484271, "relative_strength": 5.519511, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.452437, "energy": 24.478229, "activity_lines": [ 18.803232, 18.360772, 18.145368, 18.148046 ] }, { "date": "2025-06-27", "close": 19.87985, "volume": 75994824, "typical_volume": 33142774.1, "trend": 18.327432, "fair_value": 20.479692, "relative_strength": 3.069018, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.372571, "energy": 38.275754, "activity_lines": [ 19.22816, 18.735826, 18.303825, 18.248009 ] }, { "date": "2025-07-04", "close": 20.33, "volume": 102210594, "typical_volume": 37616924.65, "trend": 18.31351, "fair_value": 20.478566, "relative_strength": 4.157361, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.650875, "energy": 54.496592, "activity_lines": [ 19.690755, 19.124897, 18.497364, 18.377207 ] }, { "date": "2025-07-11", "close": 22.74, "volume": 93322145, "typical_volume": 41367762.85, "trend": 18.392224, "fair_value": 20.495443, "relative_strength": 14.259948, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.186916, "energy": 75.842657, "activity_lines": [ 20.82759, 19.874685, 18.910826, 18.662787 ] }, { "date": "2025-07-18", "close": 22.110001, "volume": 67583948, "typical_volume": 43650705.45, "trend": 18.46756, "fair_value": 20.507402, "relative_strength": 8.715335, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.775723, "energy": 75.372046, "activity_lines": [ 21.460676, 20.391184, 19.245586, 18.902643 ] }, { "date": "2025-07-25", "close": 21.559999, "volume": 55001529, "typical_volume": 45279147.1, "trend": 18.553822, "fair_value": 20.515142, "relative_strength": 3.73388, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.264203, "energy": 69.891011, "activity_lines": [ 21.666657, 20.729956, 19.508795, 19.102156 ] }, { "date": "2025-08-01", "close": 21.190001, "volume": 50859664, "typical_volume": 46354380.3, "trend": 18.708214, "fair_value": 20.520068, "relative_strength": 3.743605, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.671229, "energy": 62.378826, "activity_lines": [ 21.622, 20.952771, 19.724965, 19.272232 ] }, { "date": "2025-08-08", "close": 23.0, "volume": 76261240, "typical_volume": 47990815.4, "trend": 18.920945, "fair_value": 20.538039, "relative_strength": 11.071764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.881489, "energy": 52.481645, "activity_lines": [ 22.093334, 21.450206, 20.106755, 19.549121 ] }, { "date": "2025-08-15", "close": 22.049999, "volume": 54852277, "typical_volume": 48773038.05, "trend": 19.078402, "fair_value": 20.548916, "relative_strength": 1.924101, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.876528, "energy": 43.673739, "activity_lines": [ 22.07, 21.691161, 20.387676, 19.750996 ] }, { "date": "2025-08-22", "close": 22.280001, "volume": 51487256, "typical_volume": 50726655.6, "trend": 19.229228, "fair_value": 20.561281, "relative_strength": -1.462756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.10444, "energy": 41.772904, "activity_lines": [ 22.169333, 21.906366, 20.673233, 19.95755 ] }, { "date": "2025-08-29", "close": 21.02, "volume": 33971610, "typical_volume": 50459733.9, "trend": 19.349359, "fair_value": 20.564534, "relative_strength": -10.744303, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.784399, "energy": 35.336929, "activity_lines": [ 21.837333, 21.822906, 20.817623, 20.073084 ] }, { "date": "2025-09-05", "close": 19.799999, "volume": 20450924, "typical_volume": 50682620.3, "trend": 19.401227, "fair_value": 20.55915, "relative_strength": -14.783766, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.976716, "energy": 17.768536, "activity_lines": [ 21.134666, 21.492727, 20.825574, 20.102158 ] }, { "date": "2025-09-12", "close": 20.139999, "volume": 17814399, "typical_volume": 50828390.25, "trend": 19.4621, "fair_value": 20.556219, "relative_strength": -14.774508, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.626455, "energy": 17.642041, "activity_lines": [ 20.637999, 21.225818, 20.848521, 20.14982 ] }, { "date": "2025-09-19", "close": 19.6, "volume": 16702240, "typical_volume": 51314571.55, "trend": 19.488349, "fair_value": 20.549579, "relative_strength": -17.525578, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.231419, "energy": 16.845031, "activity_lines": [ 20.152, 20.864182, 20.800655, 20.158717 ] }, { "date": "2025-09-26", "close": 19.059999, "volume": 15484698, "typical_volume": 50591753.5, "trend": 19.520869, "fair_value": 20.539306, "relative_strength": -20.222077, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.68901, "energy": 17.188822, "activity_lines": [ 19.649333, 20.461454, 20.685215, 20.131082 ] }, { "date": "2025-10-03", "close": 19.4, "volume": 5556150, "typical_volume": 46329040.85, "trend": 19.531474, "fair_value": 20.531502, "relative_strength": -20.232606, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.359063, "energy": 23.696791, "activity_lines": [ 19.474666, 20.176, 20.596322, 20.123284 ] }, { "date": "2025-10-10", "close": 19.26, "volume": 7793484, "typical_volume": 44846382.15, "trend": 19.51447, "fair_value": 20.522853, "relative_strength": -19.326262, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.474112, "energy": 35.831861, "activity_lines": [ 19.361333, 19.904363, 20.49163, 20.105769 ] }, { "date": "2025-10-17", "close": 19.02, "volume": 34867358, "typical_volume": 44548516.85, "trend": 19.454554, "fair_value": 20.512698, "relative_strength": -15.693223, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.462603, "energy": 37.89905, "activity_lines": [ 19.204, 19.624182, 20.359006, 20.073868 ] }, { "date": "2025-10-24", "close": 19.98, "volume": 21249545, "typical_volume": 44553025.55, "trend": 19.506436, "fair_value": 20.509123, "relative_strength": -14.987892, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.657275, "energy": 17.785765, "activity_lines": [ 19.441333, 19.590909, 20.314828, 20.107768 ] }, { "date": "2025-10-31", "close": 19.74, "volume": 36917271, "typical_volume": 44885285.2, "trend": 19.569936, "fair_value": 20.503996, "relative_strength": -16.181623, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.485983, "energy": 9.182635, "activity_lines": [ 19.573333, 19.551636, 20.239953, 20.122836 ] }, { "date": "2025-11-07", "close": 20.02, "volume": 27107710, "typical_volume": 43274443.3, "trend": 19.678346, "fair_value": 20.50079, "relative_strength": -14.739043, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.003238, "energy": 4.599233, "activity_lines": [ 19.753333, 19.609454, 20.185618, 20.151873 ] }, { "date": "2025-11-14", "close": 19.469999, "volume": 14799685, "typical_volume": 40214686.35, "trend": 19.789037, "fair_value": 20.494009, "relative_strength": -15.514833, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.047398, "energy": 8.749567, "activity_lines": [ 19.708666, 19.585454, 20.077143, 20.138431 ] }, { "date": "2025-11-21", "close": 20.790001, "volume": 50699492, "typical_volume": 37639131.25, "trend": 19.946389, "fair_value": 20.495943, "relative_strength": -4.706419, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.689505, "energy": 9.078187, "activity_lines": [ 20.09, 19.807455, 20.096333, 20.203009 ] }, { "date": "2025-11-28", "close": 19.629999, "volume": 65037173, "typical_volume": 36224882.65, "trend": 20.060418, "fair_value": 20.49032, "relative_strength": -12.757427, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.701621, "energy": 6.79785, "activity_lines": [ 19.966666, 19.806727, 20.002857, 20.182597 ] }, { "date": "2025-12-05", "close": 18.950001, "volume": 28396253, "typical_volume": 34265497.9, "trend": 20.097585, "fair_value": 20.480383, "relative_strength": -16.380929, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.941565, "energy": 14.876716, "activity_lines": [ 19.64, 19.681818, 19.859428, 20.110957 ] }, { "date": "2025-12-12", "close": 18.75, "volume": 22371605, "typical_volume": 32634001.7, "trend": 20.093172, "fair_value": 20.469291, "relative_strength": -17.504792, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.801171, "energy": 33.68963, "activity_lines": [ 19.299333, 19.522545, 19.712, 20.024016 ] }, { "date": "2025-12-19", "close": 18.5, "volume": 15883619, "typical_volume": 30885199.45, "trend": 20.103369, "fair_value": 20.453807, "relative_strength": -17.450274, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.958507, "energy": 51.936004, "activity_lines": [ 18.96, 19.329636, 19.554143, 19.921231 ] }, { "date": "2025-12-26", "close": 18.629999, "volume": 11280669, "typical_volume": 27636170.9, "trend": 20.111249, "fair_value": 20.427199, "relative_strength": -19.330421, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.65237, "energy": 55.031865, "activity_lines": [ 18.728666, 19.174182, 19.421476, 19.826175 ] }, { "date": "2026-01-02", "close": 18.719999, "volume": 8341910, "typical_volume": 25310652.55, "trend": 20.124124, "fair_value": 20.415796, "relative_strength": -18.200286, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.072083, "energy": 52.512639, "activity_lines": [ 18.671333, 19.042182, 19.31819, 19.736417 ] }, { "date": "2026-01-09", "close": 19.51, "volume": 25137751, "typical_volume": 23993177.3, "trend": 20.159342, "fair_value": 20.424468, "relative_strength": -18.048298, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.781484, "energy": 30.668714, "activity_lines": [ 18.938, 19.076727, 19.306, 19.696796 ] }, { "date": "2026-01-16", "close": 19.280001, "volume": 26178832, "typical_volume": 23603538.4, "trend": 20.146995, "fair_value": 20.435291, "relative_strength": -19.601389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.964879, "energy": 21.072288, "activity_lines": [ 19.090667, 19.073636, 19.285095, 19.640064 ] }, { "date": "2026-01-23", "close": 19.66, "volume": 15990584, "typical_volume": 23380521.4, "trend": 20.139667, "fair_value": 20.444542, "relative_strength": -18.578181, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.65352, "energy": 15.114791, "activity_lines": [ 19.334667, 19.153091, 19.308667, 19.608645 ] }, { "date": "2026-01-30", "close": 18.1, "volume": 21227656, "typical_volume": 23551184.25, "trend": 20.065333, "fair_value": 20.437116, "relative_strength": -23.417206, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.662516, "energy": 21.813122, "activity_lines": [ 18.981333, 18.945455, 19.184333, 19.477054 ] }, { "date": "2026-02-06", "close": 18.34, "volume": 14779566, "typical_volume": 23455050.55, "trend": 19.918667, "fair_value": 20.42773, "relative_strength": -20.358482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.369915, "energy": 28.655389, "activity_lines": [ 18.743333, 18.830364, 19.092571, 19.365742 ] }, { "date": "2026-02-13", "close": 19.43, "volume": 25061784, "typical_volume": 23933904.85, "trend": 19.829333, "fair_value": 20.413501, "relative_strength": -16.466844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.406928, "energy": 21.45683, "activity_lines": [ 18.894, 18.936909, 19.110619, 19.334215 ] }, { "date": "2026-02-27", "close": 20.0, "volume": 46594854, "typical_volume": 25985840.05, "trend": 19.777333, "fair_value": 20.405152, "relative_strength": -16.034045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.928608, "energy": 10.008359, "activity_lines": [ 19.24, 19.138364, 19.18119, 19.345226 ] }, { "date": "2026-03-06", "close": 19.120001, "volume": 32053896, "typical_volume": 27198860.65, "trend": 19.708333, "fair_value": 20.402801, "relative_strength": -17.559503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.360835, "energy": 12.168121, "activity_lines": [ 19.244667, 19.157091, 19.165095, 19.302817 ] }, { "date": "2026-03-13", "close": 18.200001, "volume": 21615991, "typical_volume": 26536292.3, "trend": 19.548333, "fair_value": 20.388192, "relative_strength": -21.673921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.900754, "energy": 21.704597, "activity_lines": [ 18.978667, 18.997273, 19.062048, 19.205505 ] }, { "date": "2026-03-20", "close": 16.610001, "volume": 16342467, "typical_volume": 26290938.4, "trend": 19.367, "fair_value": 20.361038, "relative_strength": -25.851025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.435754, "energy": 52.246071, "activity_lines": [ 18.176001, 18.556182, 18.811476, 19.015936 ] }, { "date": "2026-03-27", "close": 16.4, "volume": 14036919, "typical_volume": 25146920.8, "trend": 19.171, "fair_value": 20.335463, "relative_strength": -25.555478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.295071, "energy": 72.990978, "activity_lines": [ 17.418667, 18.115273, 18.556953, 18.824516 ] }, { "date": "2026-04-03", "close": 15.93, "volume": 9068960, "typical_volume": 24244983.3, "trend": 19.001333, "fair_value": 20.313681, "relative_strength": -24.992324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.896769, "energy": 81.159317, "activity_lines": [ 16.706667, 17.645455, 18.273572, 18.615419 ] }, { "date": "2026-04-10", "close": 16.639999, "volume": 8045600, "typical_volume": 23907279.05, "trend": 18.896, "fair_value": 20.295497, "relative_strength": -26.390516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.923775, "energy": 76.707736, "activity_lines": [ 16.502667, 17.365637, 18.077286, 18.463075 ] }, { "date": "2026-04-17", "close": 16.82, "volume": 8859441, "typical_volume": 21815276.5, "trend": 18.785333, "fair_value": 20.27802, "relative_strength": -27.968968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.539028, "energy": 71.659697, "activity_lines": [ 16.524, 17.173455, 17.911619, 18.32914 ] }, { "date": "2026-04-24", "close": 16.780001, "volume": 12228804, "typical_volume": 19174858.05, "trend": 18.691333, "fair_value": 20.260479, "relative_strength": -27.93793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.138213, "energy": 52.121345, "activity_lines": [ 16.624, 16.997273, 17.761048, 18.199764 ] }, { "date": "2026-05-01", "close": 16.870001, "volume": 10453628, "typical_volume": 18277726.8, "trend": 18.618333, "fair_value": 20.24803, "relative_strength": -27.905382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.371659, "energy": 38.136882, "activity_lines": [ 16.742667, 16.865819, 17.632619, 18.082258 ] }, { "date": "2026-05-08", "close": 17.129999, "volume": 8306265, "typical_volume": 17574459.8, "trend": 18.542667, "fair_value": 20.239155, "relative_strength": -28.463607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.92937, "energy": 29.891111, "activity_lines": [ 16.916667, 16.828182, 17.538857, 17.986237 ] }, { "date": "2026-05-15", "close": 16.66, "volume": 13330300, "typical_volume": 17446793.85, "trend": 18.456, "fair_value": 20.230448, "relative_strength": -29.809654, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -43.541368, "energy": 30.046381, "activity_lines": [ 16.854, 16.757273, 17.408048, 17.864774 ] }, { "date": "2026-05-22", "close": 16.1, "volume": 11513000, "typical_volume": 17458410.4, "trend": 18.358667, "fair_value": 20.218406, "relative_strength": -31.615933, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -64.098022, "energy": 40.271376, "activity_lines": [ 16.603333, 16.629273, 17.232667, 17.712774 ] }, { "date": "2026-05-29", "close": 14.81, "volume": 11303461, "typical_volume": 17606487.95, "trend": 18.186333, "fair_value": 20.185756, "relative_strength": -36.320268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.84789, "energy": 73.447997, "activity_lines": [ 15.970667, 16.304909, 16.946476, 17.483828 ] }, { "date": "2026-06-05", "close": 15.0, "volume": 3231540, "typical_volume": 16511177.4, "trend": 18.028333, "fair_value": 20.104395, "relative_strength": -33.678405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.254578, "energy": 83.585198, "activity_lines": [ 15.532667, 16.047818, 16.697, 17.278258 ] }, { "date": "2026-06-12", "close": 14.5, "volume": 2310988, "typical_volume": 15317785.2, "trend": 17.844333, "fair_value": 20.019257, "relative_strength": -33.665979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.472203, "energy": 89.849024, "activity_lines": [ 15.052667, 15.725273, 16.421381, 17.050624 ] }, { "date": "2026-06-19", "close": 14.15, "volume": 6197982, "typical_volume": 14828155.1, "trend": 17.667, "fair_value": 19.945296, "relative_strength": -38.819527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.978212, "energy": 92.479918, "activity_lines": [ 14.631333, 15.365091, 16.135191, 16.81228 ] }, { "date": "2026-06-26", "close": 13.08, "volume": 2067300, "typical_volume": 13870137.3, "trend": 17.41, "fair_value": 19.861804, "relative_strength": -41.672862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.914619, "energy": 95.833962, "activity_lines": [ 14.020667, 14.855636, 15.773333, 16.516344 ] }, { "date": "2026-07-03", "close": 13.87, "volume": 2851806, "typical_volume": 13273749.3, "trend": 17.218, "fair_value": 19.782007, "relative_strength": -36.536149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.466764, "energy": 87.724826, "activity_lines": [ 13.874667, 14.557818, 15.510619, 16.287957 ] }, { "date": "2026-07-10", "close": 13.12, "volume": 9100770, "typical_volume": 12475698.6, "trend": 17.023667, "fair_value": 19.68714, "relative_strength": -36.849162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.414143, "energy": 89.86894, "activity_lines": [ 13.541333, 14.176545, 15.197762, 16.02357 ] }, { "date": "2026-07-17", "close": 12.78, "volume": 9962911, "typical_volume": 10644101.45, "trend": 16.824667, "fair_value": 19.58117, "relative_strength": -31.331335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.241279, "energy": 79.724234, "activity_lines": [ 13.22, 13.801636, 14.882571, 15.749785 ] }, { "date": "2026-07-24", "close": 12.78, "volume": 13593271, "typical_volume": 9721070.2, "trend": 16.634, "fair_value": 19.468508, "relative_strength": -30.589834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.592009, "energy": 68.636439, "activity_lines": [ 13.013333, 13.505818, 14.601762, 15.488839 ] }, { "date": "2026-07-31", "close": 13.45, "volume": 17013642, "typical_volume": 9490952.75, "trend": 16.461333, "fair_value": 19.374036, "relative_strength": -24.882041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.468554, "energy": 64.211695, "activity_lines": [ 13.121333, 13.402364, 14.414952, 15.283419 ] }, { "date": "2026-08-07", "close": 13.56, "volume": 15601691, "typical_volume": 9453913.95, "trend": 16.289333, "fair_value": 19.293908, "relative_strength": -27.099462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.225132, "energy": 56.638504, "activity_lines": [ 13.241333, 13.367091, 14.261238, 15.096237 ] } ], "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." } } }