{
  "ticker": {
    "uuid": "c735d796-cb4b-47d5-b9ba-4ca71e5d39ef",
    "symbol": "2024",
    "name": "Chih Lien Industrial Co., Ltd.",
    "exchange": "TAI",
    "country": "TW",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-21",
    "benchmark": "^TWII",
    "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": -63.074,
    "architecture_energy": 51.696,
    "architecture_maturity": 52.179,
    "architecture_confidence": 94.546,
    "architecture_tenure": "Established",
    "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": 11.06,
        "rotation_up": 17.89,
        "upward_expansion": 8.62,
        "deceleration": 44.01,
        "rotation_down": 61.9,
        "downward_expansion": 84.29
      },
      "activity_lines": [
        13.493333,
        13.629091,
        13.793571,
        14.055376
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 13.4,
    "trend_reference": 14.521667,
    "distance_from_trend": -0.077241,
    "trend_direction": "Weakening",
    "fair_value": 18.408974,
    "distance_from_fair_value": -0.272094,
    "fair_value_direction": "Weakening",
    "relative_strength": -38.299942,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.182927,
    "excess_performance": -0.528659,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.077241,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.053963,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.272094,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.027997,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.382999,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.054581,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.182927,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.300327,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 38005,
      "relative_activity": 0.492115,
      "balance": 0.300327,
      "dry_up": 0.814184,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.043054,
      "annualized_volatility": 0.243567,
      "from_high_reference": -0.307494,
      "from_low_reference": 0.022901
    },
    "levels": {
      "trend_reference": 14.521667,
      "fair_value_reference": 18.408974,
      "structural_low": 13.1,
      "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": 29,
        "median_return": -0.011527,
        "positive_rate": 0.413793,
        "directional_follow_through": 0.551724,
        "median_excess_return": -0.016274,
        "regime_survival": 0.827586,
        "best_return": 0.419618,
        "worst_return": -0.123746,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.017523,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.029035,
        "regime_survival": 0.6,
        "best_return": 0.35443,
        "worst_return": -0.137195,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.001024,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.009061,
        "regime_survival": 0.5,
        "best_return": 0.195115,
        "worst_return": -0.157738,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.044557,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.166901,
        "regime_survival": 0.333333,
        "best_return": 0.246703,
        "worst_return": -0.176471,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-05-26",
        "end": "2023-06-30",
        "tenure": "Developing",
        "return": -0.037838,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-07-07",
        "end": "2023-10-06",
        "tenure": "Established",
        "return": 0.02029,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-10-13",
        "end": "2023-10-20",
        "tenure": "New",
        "return": 0.035616,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "violet",
        "start": "2023-10-27",
        "end": "2023-11-10",
        "tenure": "New",
        "return": -0.004975,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-11-17",
        "end": "2024-01-19",
        "tenure": "Developing",
        "return": 0.002481,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-01-26",
        "end": "2024-02-16",
        "tenure": "New",
        "return": 0.002421,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-23",
        "end": "2024-09-13",
        "tenure": "Extended",
        "return": -0.021583,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-09-20",
        "end": "2024-09-27",
        "tenure": "New",
        "return": 0.077465,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-04",
        "end": "2024-11-01",
        "tenure": "Developing",
        "return": -0.070776,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-08",
        "end": "2025-08-01",
        "tenure": "Extended",
        "return": -0.151961,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-11-07",
        "tenure": "Established",
        "return": -0.020231,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-14",
        "end": "2026-02-13",
        "tenure": "Established",
        "return": -0.023809,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-27",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.114114,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
        "end": "2026-08-21",
        "tenure": "Established",
        "return": -0.135484,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 15.45,
        "volume": 503058,
        "typical_volume": 139638.45,
        "trend": 18.097973,
        "fair_value": 17.825374,
        "relative_strength": -20.822292,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.697238,
        "energy": 68.706216,
        "activity_lines": [
          16.6,
          16.933316,
          17.344896,
          17.702298
        ]
      },
      {
        "date": "2023-08-25",
        "close": 15.8,
        "volume": 205903,
        "typical_volume": 148230.65,
        "trend": 18.030038,
        "fair_value": 17.84319,
        "relative_strength": -19.070071,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.653486,
        "energy": 78.1336,
        "activity_lines": [
          16.253333,
          16.680276,
          17.161037,
          17.554042
        ]
      },
      {
        "date": "2023-09-01",
        "close": 15.65,
        "volume": 352870,
        "typical_volume": 158823.75,
        "trend": 17.921165,
        "fair_value": 17.851816,
        "relative_strength": -20.176762,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.835242,
        "energy": 83.680124,
        "activity_lines": [
          15.943333,
          16.435237,
          16.977965,
          17.400491
        ]
      },
      {
        "date": "2023-09-08",
        "close": 16.5,
        "volume": 414679,
        "typical_volume": 172745.8,
        "trend": 17.850426,
        "fair_value": 17.865891,
        "relative_strength": -15.065512,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.56787,
        "energy": 72.694737,
        "activity_lines": [
          16.026667,
          16.3872,
          16.891865,
          17.308803
        ]
      },
      {
        "date": "2023-09-15",
        "close": 17.0,
        "volume": 125156,
        "typical_volume": 176246.95,
        "trend": 17.781652,
        "fair_value": 17.885522,
        "relative_strength": -13.852556,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.960908,
        "energy": 42.208464,
        "activity_lines": [
          16.333333,
          16.447273,
          16.864424,
          17.253937
        ]
      },
      {
        "date": "2023-09-22",
        "close": 17.1,
        "volume": 57594,
        "typical_volume": 175007.4,
        "trend": 17.72438,
        "fair_value": 17.907557,
        "relative_strength": -9.909109,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.282218,
        "energy": 24.005095,
        "activity_lines": [
          16.673333,
          16.533636,
          16.853997,
          17.209959
        ]
      },
      {
        "date": "2023-09-29",
        "close": 16.6,
        "volume": 27153,
        "typical_volume": 171899.95,
        "trend": 17.647173,
        "fair_value": 17.925799,
        "relative_strength": -12.140551,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.245901,
        "energy": 21.917231,
        "activity_lines": [
          16.736667,
          16.529091,
          16.801799,
          17.137419
        ]
      },
      {
        "date": "2023-10-06",
        "close": 17.799999,
        "volume": 269013,
        "typical_volume": 182190.5,
        "trend": 17.609967,
        "fair_value": 17.951734,
        "relative_strength": -6.314573,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -7.979169,
        "energy": 16.501614,
        "activity_lines": [
          17.146666,
          16.751818,
          16.867916,
          17.147279
        ]
      },
      {
        "date": "2023-10-13",
        "close": 18.25,
        "volume": 150835,
        "typical_volume": 185577.1,
        "trend": 17.584493,
        "fair_value": 17.985843,
        "relative_strength": -5.031361,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 10.872734,
        "energy": 22.568378,
        "activity_lines": [
          17.563333,
          17.047273,
          16.977538,
          17.188571
        ]
      },
      {
        "date": "2023-10-20",
        "close": 18.9,
        "volume": 271539,
        "typical_volume": 184601.45,
        "trend": 17.577419,
        "fair_value": 18.022062,
        "relative_strength": 0.775397,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 37.662126,
        "energy": 44.408469,
        "activity_lines": [
          18.08,
          17.444545,
          17.148503,
          17.273443
        ]
      },
      {
        "date": "2023-10-27",
        "close": 20.1,
        "volume": 549433,
        "typical_volume": 207188.5,
        "trend": 17.610345,
        "fair_value": 18.063034,
        "relative_strength": 9.426658,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.399959,
        "energy": 68.521122,
        "activity_lines": [
          18.87,
          18.025454,
          17.427297,
          17.43619
        ]
      },
      {
        "date": "2023-11-03",
        "close": 19.450001,
        "volume": 102152,
        "typical_volume": 204899.85,
        "trend": 17.626506,
        "fair_value": 18.09837,
        "relative_strength": 3.780832,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 43.29775,
        "energy": 70.396588,
        "activity_lines": [
          19.243334,
          18.403636,
          17.633882,
          17.554877
        ]
      },
      {
        "date": "2023-11-10",
        "close": 20.0,
        "volume": 118633,
        "typical_volume": 206730.8,
        "trend": 17.659365,
        "fair_value": 18.138407,
        "relative_strength": 5.820632,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 76.476864,
        "energy": 84.636219,
        "activity_lines": [
          19.61,
          18.815455,
          17.884705,
          17.708006
        ]
      },
      {
        "date": "2023-11-17",
        "close": 20.15,
        "volume": 177275,
        "typical_volume": 213465.85,
        "trend": 17.703759,
        "fair_value": 18.180288,
        "relative_strength": 3.534079,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.502456,
        "energy": 85.402877,
        "activity_lines": [
          19.88,
          19.175455,
          18.140219,
          17.868692
        ]
      },
      {
        "date": "2023-11-24",
        "close": 20.450001,
        "volume": 176765,
        "typical_volume": 216970.55,
        "trend": 17.766321,
        "fair_value": 18.226149,
        "relative_strength": 4.73014,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.255657,
        "energy": 83.228874,
        "activity_lines": [
          20.123334,
          19.523637,
          18.411429,
          18.045869
        ]
      },
      {
        "date": "2023-12-01",
        "close": 20.65,
        "volume": 153140,
        "typical_volume": 215926.85,
        "trend": 17.843717,
        "fair_value": 18.272116,
        "relative_strength": 4.832527,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.112665,
        "energy": 81.223952,
        "activity_lines": [
          20.33,
          19.845455,
          18.687381,
          18.231913
        ]
      },
      {
        "date": "2023-12-08",
        "close": 21.25,
        "volume": 207787,
        "typical_volume": 220811.15,
        "trend": 17.970516,
        "fair_value": 18.318696,
        "relative_strength": 8.116871,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.60507,
        "energy": 85.190485,
        "activity_lines": [
          20.7,
          20.211818,
          19.003572,
          18.451673
        ]
      },
      {
        "date": "2023-12-15",
        "close": 20.549999,
        "volume": 258788,
        "typical_volume": 224340.85,
        "trend": 18.057647,
        "fair_value": 18.361965,
        "relative_strength": 2.899359,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.819445,
        "energy": 62.853171,
        "activity_lines": [
          20.716666,
          20.366364,
          19.233333,
          18.618091
        ]
      },
      {
        "date": "2023-12-22",
        "close": 20.700001,
        "volume": 446488,
        "typical_volume": 242015.15,
        "trend": 18.143243,
        "fair_value": 18.404726,
        "relative_strength": 4.256527,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.993289,
        "energy": 54.999931,
        "activity_lines": [
          20.746667,
          20.498182,
          19.461905,
          18.788566
        ]
      },
      {
        "date": "2023-12-29",
        "close": 21.1,
        "volume": 170204,
        "typical_volume": 236923.25,
        "trend": 18.261775,
        "fair_value": 18.448876,
        "relative_strength": 4.500339,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.89553,
        "energy": 54.48573,
        "activity_lines": [
          20.873333,
          20.658182,
          19.712619,
          18.979324
        ]
      },
      {
        "date": "2024-01-05",
        "close": 20.85,
        "volume": 50028,
        "typical_volume": 214271.75,
        "trend": 18.358906,
        "fair_value": 18.49348,
        "relative_strength": 5.868278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.543617,
        "energy": 49.138649,
        "activity_lines": [
          20.873333,
          20.732727,
          19.92,
          19.146306
        ]
      },
      {
        "date": "2024-01-12",
        "close": 20.450001,
        "volume": 63007,
        "typical_volume": 207126.95,
        "trend": 18.449238,
        "fair_value": 18.533169,
        "relative_strength": 3.986917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.1405,
        "energy": 43.012566,
        "activity_lines": [
          20.726667,
          20.720909,
          20.063572,
          19.281216
        ]
      },
      {
        "date": "2024-01-19",
        "close": 20.200001,
        "volume": 149632,
        "typical_volume": 196965.05,
        "trend": 18.523068,
        "fair_value": 18.565672,
        "relative_strength": 1.836134,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.669875,
        "energy": 33.097749,
        "activity_lines": [
          20.550001,
          20.645455,
          20.161191,
          19.394168
        ]
      },
      {
        "date": "2024-01-26",
        "close": 20.65,
        "volume": 83588,
        "typical_volume": 180410.5,
        "trend": 18.629867,
        "fair_value": 18.609876,
        "relative_strength": 2.373532,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.562401,
        "energy": 28.660954,
        "activity_lines": [
          20.546667,
          20.648182,
          20.28,
          19.531389
        ]
      },
      {
        "date": "2024-02-02",
        "close": 20.65,
        "volume": 134679,
        "typical_volume": 180886.65,
        "trend": 18.736667,
        "fair_value": 18.6579,
        "relative_strength": 2.126455,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.319883,
        "energy": 26.238688,
        "activity_lines": [
          20.546667,
          20.641818,
          20.379048,
          19.661721
        ]
      },
      {
        "date": "2024-02-09",
        "close": 20.75,
        "volume": 15006,
        "typical_volume": 178757.25,
        "trend": 18.858333,
        "fair_value": 18.705978,
        "relative_strength": 2.500736,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.32534,
        "energy": 27.408395,
        "activity_lines": [
          20.61,
          20.65,
          20.470238,
          19.791613
        ]
      },
      {
        "date": "2024-02-16",
        "close": 20.700001,
        "volume": 46341,
        "typical_volume": 179716.65,
        "trend": 18.978333,
        "fair_value": 18.753735,
        "relative_strength": -0.351475,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.976265,
        "energy": 32.757122,
        "activity_lines": [
          20.663334,
          20.647273,
          20.539286,
          19.91043
        ]
      },
      {
        "date": "2024-02-23",
        "close": 20.85,
        "volume": 121875,
        "typical_volume": 172359.75,
        "trend": 19.096667,
        "fair_value": 18.805393,
        "relative_strength": -0.93986,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.900415,
        "energy": 34.198187,
        "activity_lines": [
          20.75,
          20.681819,
          20.603096,
          20.031183
        ]
      },
      {
        "date": "2024-03-01",
        "close": 21.0,
        "volume": 153149,
        "typical_volume": 172475.45,
        "trend": 19.218333,
        "fair_value": 18.854192,
        "relative_strength": -0.296373,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.020484,
        "energy": 36.092834,
        "activity_lines": [
          20.843334,
          20.738182,
          20.666667,
          20.153979
        ]
      },
      {
        "date": "2024-03-08",
        "close": 21.85,
        "volume": 547829,
        "typical_volume": 186289.95,
        "trend": 19.38,
        "fair_value": 18.906088,
        "relative_strength": -0.51826,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.668526,
        "energy": 48.653818,
        "activity_lines": [
          21.196667,
          20.943637,
          20.798095,
          20.323764
        ]
      },
      {
        "date": "2024-03-15",
        "close": 21.450001,
        "volume": 401531,
        "typical_volume": 178894.85,
        "trend": 19.58,
        "fair_value": 18.943958,
        "relative_strength": -1.589467,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.520802,
        "energy": 51.783643,
        "activity_lines": [
          21.336667,
          21.062728,
          20.877381,
          20.457312
        ]
      },
      {
        "date": "2024-03-22",
        "close": 21.75,
        "volume": 367645,
        "typical_volume": 192169.5,
        "trend": 19.778333,
        "fair_value": 18.987572,
        "relative_strength": -2.693773,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.676272,
        "energy": 61.306548,
        "activity_lines": [
          21.53,
          21.225455,
          20.97881,
          20.597312
        ]
      },
      {
        "date": "2024-03-29",
        "close": 21.6,
        "volume": 402598,
        "typical_volume": 206367.75,
        "trend": 19.976667,
        "fair_value": 19.026698,
        "relative_strength": -3.443759,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.176922,
        "energy": 51.630552,
        "activity_lines": [
          21.603334,
          21.337273,
          21.055,
          20.714839
        ]
      },
      {
        "date": "2024-04-05",
        "close": 21.700001,
        "volume": 78094,
        "typical_volume": 201408.7,
        "trend": 20.15,
        "fair_value": 19.068228,
        "relative_strength": -2.981538,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.958049,
        "energy": 39.428631,
        "activity_lines": [
          21.66,
          21.441819,
          21.133096,
          20.826022
        ]
      },
      {
        "date": "2024-04-12",
        "close": 21.5,
        "volume": 105758,
        "typical_volume": 197858.35,
        "trend": 20.3,
        "fair_value": 19.107594,
        "relative_strength": -5.465894,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.923441,
        "energy": 34.847171,
        "activity_lines": [
          21.603334,
          21.490909,
          21.184762,
          20.913119
        ]
      },
      {
        "date": "2024-04-19",
        "close": 21.5,
        "volume": 97476,
        "typical_volume": 195075.15,
        "trend": 20.446667,
        "fair_value": 19.147254,
        "relative_strength": 0.574483,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.117341,
        "energy": 29.227576,
        "activity_lines": [
          21.57,
          21.524546,
          21.231429,
          20.990538
        ]
      },
      {
        "date": "2024-04-26",
        "close": 21.9,
        "volume": 64379,
        "typical_volume": 187904.75,
        "trend": 20.623334,
        "fair_value": 19.169494,
        "relative_strength": -0.394163,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.906933,
        "energy": 31.547317,
        "activity_lines": [
          21.666667,
          21.617273,
          21.312143,
          21.084301
        ]
      },
      {
        "date": "2024-05-03",
        "close": 22.0,
        "volume": 149028,
        "typical_volume": 182416.75,
        "trend": 20.763334,
        "fair_value": 19.194726,
        "relative_strength": -0.813495,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.141975,
        "energy": 32.447348,
        "activity_lines": [
          21.786667,
          21.706364,
          21.399286,
          21.173119
        ]
      },
      {
        "date": "2024-05-10",
        "close": 20.9,
        "volume": 72005,
        "typical_volume": 163692.6,
        "trend": 20.851667,
        "fair_value": 19.209086,
        "relative_strength": -7.305346,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.234665,
        "energy": 16.809946,
        "activity_lines": [
          21.513333,
          21.574546,
          21.374762,
          21.181936
        ]
      },
      {
        "date": "2024-05-17",
        "close": 22.0,
        "volume": 217639,
        "typical_volume": 166064.35,
        "trend": 20.955,
        "fair_value": 19.232554,
        "relative_strength": -4.825008,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.452677,
        "energy": 26.035834,
        "activity_lines": [
          21.66,
          21.644546,
          21.454048,
          21.256022
        ]
      },
      {
        "date": "2024-05-24",
        "close": 22.700001,
        "volume": 236940,
        "typical_volume": 175409.95,
        "trend": 21.041667,
        "fair_value": 19.289605,
        "relative_strength": -3.115356,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.827075,
        "energy": 33.754151,
        "activity_lines": [
          22.006667,
          21.839091,
          21.595715,
          21.368602
        ]
      },
      {
        "date": "2024-05-31",
        "close": 23.4,
        "volume": 326645,
        "typical_volume": 188591.85,
        "trend": 21.173334,
        "fair_value": 19.343796,
        "relative_strength": 1.618113,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.967294,
        "energy": 50.725155,
        "activity_lines": [
          22.506667,
          22.138182,
          21.795238,
          21.520753
        ]
      },
      {
        "date": "2024-06-07",
        "close": 23.299999,
        "volume": 151041,
        "typical_volume": 188662.3,
        "trend": 21.283334,
        "fair_value": 19.385296,
        "relative_strength": -1.989749,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.064652,
        "energy": 67.749122,
        "activity_lines": [
          22.873333,
          22.389091,
          21.971191,
          21.657957
        ]
      },
      {
        "date": "2024-06-14",
        "close": 22.75,
        "volume": 103213,
        "typical_volume": 189643.55,
        "trend": 21.37,
        "fair_value": 19.425916,
        "relative_strength": -7.026738,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.473993,
        "energy": 65.159119,
        "activity_lines": [
          22.97,
          22.509091,
          22.08,
          21.752581
        ]
      },
      {
        "date": "2024-06-21",
        "close": 21.65,
        "volume": 178405,
        "typical_volume": 191829.85,
        "trend": 21.41,
        "fair_value": 19.463305,
        "relative_strength": -14.197108,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.926034,
        "energy": 41.341997,
        "activity_lines": [
          22.576667,
          22.41,
          22.074048,
          21.770645
        ]
      },
      {
        "date": "2024-06-28",
        "close": 21.799999,
        "volume": 77438,
        "typical_volume": 194951.45,
        "trend": 21.448333,
        "fair_value": 19.502537,
        "relative_strength": -12.641719,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 36.711659,
        "energy": 20.396914,
        "activity_lines": [
          22.256666,
          22.335454,
          22.077619,
          21.795807
        ]
      },
      {
        "date": "2024-07-05",
        "close": 21.75,
        "volume": 130810,
        "typical_volume": 199174.9,
        "trend": 21.465,
        "fair_value": 19.517937,
        "relative_strength": -14.594729,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 25.844664,
        "energy": 17.364067,
        "activity_lines": [
          21.98,
          22.246363,
          22.071429,
          21.815269
        ]
      },
      {
        "date": "2024-07-12",
        "close": 22.85,
        "volume": 272164,
        "typical_volume": 206689.35,
        "trend": 21.541667,
        "fair_value": 19.47103,
        "relative_strength": -11.573751,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.698434,
        "energy": 20.757552,
        "activity_lines": [
          22.18,
          22.36,
          22.165,
          21.904624
        ]
      },
      {
        "date": "2024-07-19",
        "close": 23.049999,
        "volume": 123428,
        "typical_volume": 205203.3,
        "trend": 21.62,
        "fair_value": 19.453619,
        "relative_strength": -6.719773,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.499833,
        "energy": 21.965248,
        "activity_lines": [
          22.476666,
          22.494545,
          22.268095,
          22.001935
        ]
      },
      {
        "date": "2024-07-26",
        "close": 22.950001,
        "volume": 74059,
        "typical_volume": 181514.8,
        "trend": 21.681667,
        "fair_value": 19.443795,
        "relative_strength": -4.038549,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.164305,
        "energy": 34.113089,
        "activity_lines": [
          22.72,
          22.571818,
          22.351905,
          22.087742
        ]
      },
      {
        "date": "2024-08-02",
        "close": 22.9,
        "volume": 103183,
        "typical_volume": 166597.4,
        "trend": 21.75,
        "fair_value": 19.440705,
        "relative_strength": -2.167746,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.546602,
        "energy": 43.229951,
        "activity_lines": [
          22.86,
          22.622727,
          22.425714,
          22.166344
        ]
      },
      {
        "date": "2024-08-09",
        "close": 22.5,
        "volume": 118589,
        "typical_volume": 154144.6,
        "trend": 21.818333,
        "fair_value": 19.429172,
        "relative_strength": -3.160861,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.928178,
        "energy": 33.110299,
        "activity_lines": [
          22.793333,
          22.597273,
          22.454524,
          22.214731
        ]
      },
      {
        "date": "2024-08-16",
        "close": 22.950001,
        "volume": 316158,
        "typical_volume": 149822.6,
        "trend": 21.91,
        "fair_value": 19.429341,
        "relative_strength": -5.255775,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.580735,
        "energy": 28.241966,
        "activity_lines": [
          22.826667,
          22.67,
          22.522619,
          22.287742
        ]
      },
      {
        "date": "2024-08-23",
        "close": 23.25,
        "volume": 92231,
        "typical_volume": 150529.45,
        "trend": 21.996667,
        "fair_value": 19.426143,
        "relative_strength": -3.344158,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.087672,
        "energy": 29.394201,
        "activity_lines": [
          22.953334,
          22.803637,
          22.612857,
          22.374194
        ]
      },
      {
        "date": "2024-08-30",
        "close": 22.25,
        "volume": 59062,
        "typical_volume": 148194.65,
        "trend": 22.05,
        "fair_value": 19.414183,
        "relative_strength": -8.054522,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 32.81032,
        "energy": 16.151327,
        "activity_lines": [
          22.733334,
          22.746364,
          22.600476,
          22.390538
        ]
      },
      {
        "date": "2024-09-06",
        "close": 21.549999,
        "volume": 122006,
        "typical_volume": 149421.15,
        "trend": 22.076667,
        "fair_value": 19.396561,
        "relative_strength": -7.50317,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 14.294909,
        "energy": 8.236034,
        "activity_lines": [
          22.326666,
          22.550909,
          22.517857,
          22.35828
        ]
      },
      {
        "date": "2024-09-13",
        "close": 20.4,
        "volume": 63007,
        "typical_volume": 149352.55,
        "trend": 22.066667,
        "fair_value": 19.379502,
        "relative_strength": -13.642208,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -30.031348,
        "energy": 29.385134,
        "activity_lines": [
          21.626666,
          22.150909,
          22.325476,
          22.250108
        ]
      },
      {
        "date": "2024-09-20",
        "close": 21.299999,
        "volume": 36034,
        "typical_volume": 143702.85,
        "trend": 22.081667,
        "fair_value": 19.377862,
        "relative_strength": -11.32546,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.662595,
        "energy": 33.797096,
        "activity_lines": [
          21.366666,
          21.939091,
          22.225952,
          22.200645
        ]
      },
      {
        "date": "2024-09-27",
        "close": 22.950001,
        "volume": 210430,
        "typical_volume": 150624.1,
        "trend": 22.146667,
        "fair_value": 19.39185,
        "relative_strength": -7.217767,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -1.389351,
        "energy": 17.433321,
        "activity_lines": [
          21.766667,
          22.055455,
          22.286905,
          22.256667
        ]
      },
      {
        "date": "2024-10-04",
        "close": 21.9,
        "volume": 197355,
        "typical_volume": 149609.9,
        "trend": 22.148333,
        "fair_value": 19.405942,
        "relative_strength": -9.244313,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -19.932549,
        "energy": 19.672084,
        "activity_lines": [
          21.836667,
          21.982727,
          22.238095,
          22.240753
        ]
      },
      {
        "date": "2024-10-11",
        "close": 20.9,
        "volume": 38087,
        "typical_volume": 139667.25,
        "trend": 22.13,
        "fair_value": 19.420162,
        "relative_strength": -15.390566,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -30.259029,
        "energy": 17.450191,
        "activity_lines": [
          21.596667,
          21.747273,
          22.094524,
          22.160215
        ]
      },
      {
        "date": "2024-10-18",
        "close": 20.950001,
        "volume": 64202,
        "typical_volume": 126545.1,
        "trend": 22.103333,
        "fair_value": 19.439456,
        "relative_strength": -16.921251,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -54.522248,
        "energy": 26.234446,
        "activity_lines": [
          21.416667,
          21.557273,
          21.964286,
          22.084086
        ]
      },
      {
        "date": "2024-10-25",
        "close": 20.9,
        "volume": 65514,
        "typical_volume": 122268.75,
        "trend": 22.08,
        "fair_value": 19.459916,
        "relative_strength": -16.09983,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -55.277548,
        "energy": 39.631236,
        "activity_lines": [
          21.183334,
          21.386364,
          21.840952,
          22.006452
        ]
      },
      {
        "date": "2024-11-01",
        "close": 20.35,
        "volume": 26240,
        "typical_volume": 118420.1,
        "trend": 22.035,
        "fair_value": 19.477148,
        "relative_strength": -15.83726,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -61.049458,
        "energy": 55.146548,
        "activity_lines": [
          20.793334,
          21.152727,
          21.676667,
          21.894839
        ]
      },
      {
        "date": "2024-11-08",
        "close": 20.4,
        "volume": 33011,
        "typical_volume": 111150.4,
        "trend": 21.998333,
        "fair_value": 19.500643,
        "relative_strength": -17.907331,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.290834,
        "energy": 57.033477,
        "activity_lines": [
          20.593333,
          20.980909,
          21.528571,
          21.789355
        ]
      },
      {
        "date": "2024-11-15",
        "close": 19.6,
        "volume": 37974,
        "typical_volume": 109177.2,
        "trend": 21.935,
        "fair_value": 19.519604,
        "relative_strength": -17.850802,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.40395,
        "energy": 65.094845,
        "activity_lines": [
          20.226667,
          20.697273,
          21.310238,
          21.634624
        ]
      },
      {
        "date": "2024-11-22",
        "close": 20.200001,
        "volume": 63423,
        "typical_volume": 105807.85,
        "trend": 21.878333,
        "fair_value": 19.535576,
        "relative_strength": -15.466743,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.284551,
        "energy": 57.674398,
        "activity_lines": [
          20.146667,
          20.558182,
          21.159524,
          21.522688
        ]
      },
      {
        "date": "2024-11-29",
        "close": 20.299999,
        "volume": 703671,
        "typical_volume": 127383.2,
        "trend": 21.821667,
        "fair_value": 19.547435,
        "relative_strength": -12.158202,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.465482,
        "energy": 45.79545,
        "activity_lines": [
          20.15,
          20.440909,
          21.025714,
          21.42086
        ]
      },
      {
        "date": "2024-12-06",
        "close": 20.0,
        "volume": 101097,
        "typical_volume": 126266.65,
        "trend": 21.791667,
        "fair_value": 19.558263,
        "relative_strength": -16.371588,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.686414,
        "energy": 39.16289,
        "activity_lines": [
          20.093333,
          20.287273,
          20.875476,
          21.303333
        ]
      },
      {
        "date": "2024-12-13",
        "close": 19.5,
        "volume": 22182,
        "typical_volume": 123672.8,
        "trend": 21.708333,
        "fair_value": 19.564994,
        "relative_strength": -17.363795,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.969804,
        "energy": 40.569537,
        "activity_lines": [
          19.893333,
          20.096364,
          20.692143,
          21.155484
        ]
      },
      {
        "date": "2024-12-20",
        "close": 18.299999,
        "volume": 72550,
        "typical_volume": 122141.15,
        "trend": 21.561667,
        "fair_value": 19.563141,
        "relative_strength": -20.146886,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.716892,
        "energy": 59.111841,
        "activity_lines": [
          19.353333,
          19.730909,
          20.410952,
          20.935591
        ]
      },
      {
        "date": "2024-12-27",
        "close": 19.700001,
        "volume": 55715,
        "typical_volume": 118997.45,
        "trend": 21.438333,
        "fair_value": 19.570857,
        "relative_strength": -16.342733,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.722032,
        "energy": 53.548547,
        "activity_lines": [
          19.366667,
          19.667273,
          20.285,
          20.815484
        ]
      },
      {
        "date": "2025-01-03",
        "close": 18.75,
        "volume": 23089,
        "typical_volume": 104344.0,
        "trend": 21.286667,
        "fair_value": 19.57278,
        "relative_strength": -18.524498,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.284859,
        "energy": 68.200457,
        "activity_lines": [
          19.096667,
          19.453636,
          20.081905,
          20.642043
        ]
      },
      {
        "date": "2025-01-10",
        "close": 19.0,
        "volume": 68849,
        "typical_volume": 103174.9,
        "trend": 21.161667,
        "fair_value": 19.57482,
        "relative_strength": -17.267974,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.864819,
        "energy": 65.065168,
        "activity_lines": [
          19.013333,
          19.324545,
          19.922619,
          20.494516
        ]
      },
      {
        "date": "2025-01-17",
        "close": 19.200001,
        "volume": 37188,
        "typical_volume": 102081.2,
        "trend": 21.08,
        "fair_value": 19.580817,
        "relative_strength": -16.384788,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.701953,
        "energy": 47.254998,
        "activity_lines": [
          19.063334,
          19.256364,
          19.802619,
          20.367957
        ]
      },
      {
        "date": "2025-01-24",
        "close": 19.0,
        "volume": 105170,
        "typical_volume": 101239.4,
        "trend": 20.986667,
        "fair_value": 19.590583,
        "relative_strength": -18.042888,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.368783,
        "energy": 42.634126,
        "activity_lines": [
          19.066667,
          19.173637,
          19.678095,
          20.233764
        ]
      },
      {
        "date": "2025-02-07",
        "close": 18.950001,
        "volume": 82042,
        "typical_volume": 102191.15,
        "trend": 20.893333,
        "fair_value": 19.604783,
        "relative_strength": -17.553372,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.384325,
        "energy": 38.59071,
        "activity_lines": [
          19.006667,
          19.092728,
          19.560953,
          20.102366
        ]
      },
      {
        "date": "2025-02-14",
        "close": 19.299999,
        "volume": 259381,
        "typical_volume": 113358.5,
        "trend": 20.775,
        "fair_value": 19.625387,
        "relative_strength": -14.322636,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.204799,
        "energy": 29.202322,
        "activity_lines": [
          19.113333,
          19.098182,
          19.484048,
          19.99957
        ]
      },
      {
        "date": "2025-02-21",
        "close": 19.35,
        "volume": 180075,
        "typical_volume": 111840.75,
        "trend": 20.651667,
        "fair_value": 19.640071,
        "relative_strength": -15.696647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.0516,
        "energy": 26.171568,
        "activity_lines": [
          19.2,
          19.130909,
          19.421429,
          19.907634
        ]
      },
      {
        "date": "2025-02-28",
        "close": 19.6,
        "volume": 191051,
        "typical_volume": 111525.55,
        "trend": 20.54,
        "fair_value": 19.65606,
        "relative_strength": -11.654038,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.100964,
        "energy": 20.012568,
        "activity_lines": [
          19.346667,
          19.220909,
          19.399762,
          19.839785
        ]
      },
      {
        "date": "2025-03-07",
        "close": 19.35,
        "volume": 83249,
        "typical_volume": 113783.65,
        "trend": 20.421667,
        "fair_value": 19.671042,
        "relative_strength": -10.487081,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.675023,
        "energy": 16.092478,
        "activity_lines": [
          19.383333,
          19.263636,
          19.365238,
          19.763011
        ]
      },
      {
        "date": "2025-03-14",
        "close": 19.200001,
        "volume": 147590,
        "typical_volume": 117953.05,
        "trend": 20.311667,
        "fair_value": 19.635139,
        "relative_strength": -8.298434,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.818624,
        "energy": 16.411331,
        "activity_lines": [
          19.346667,
          19.26,
          19.32381,
          19.684194
        ]
      },
      {
        "date": "2025-03-21",
        "close": 19.1,
        "volume": 69914,
        "typical_volume": 118173.05,
        "trend": 20.183333,
        "fair_value": 19.602458,
        "relative_strength": -9.345833,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.388998,
        "energy": 18.144948,
        "activity_lines": [
          19.26,
          19.247273,
          19.281191,
          19.606022
        ]
      },
      {
        "date": "2025-03-28",
        "close": 18.6,
        "volume": 132351,
        "typical_volume": 123478.6,
        "trend": 20.028333,
        "fair_value": 19.571327,
        "relative_strength": -8.845837,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.16504,
        "energy": 31.77289,
        "activity_lines": [
          19.02,
          19.137273,
          19.199524,
          19.503871
        ]
      },
      {
        "date": "2025-04-04",
        "close": 18.950001,
        "volume": 25392,
        "typical_volume": 123097.65,
        "trend": 19.918333,
        "fair_value": 19.537981,
        "relative_strength": -5.466053,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.606718,
        "energy": 33.886949,
        "activity_lines": [
          18.946667,
          19.098182,
          19.159524,
          19.434301
        ]
      },
      {
        "date": "2025-04-11",
        "close": 17.25,
        "volume": 124141,
        "typical_volume": 127406.0,
        "trend": 19.775,
        "fair_value": 19.506219,
        "relative_strength": -5.796063,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.995946,
        "energy": 65.429737,
        "activity_lines": [
          18.35,
          18.754546,
          18.964524,
          19.262151
        ]
      },
      {
        "date": "2025-04-18",
        "close": 17.049999,
        "volume": 103737,
        "typical_volume": 129421.7,
        "trend": 19.663333,
        "fair_value": 19.470501,
        "relative_strength": -5.941967,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.742286,
        "energy": 76.215294,
        "activity_lines": [
          17.826667,
          18.406364,
          18.761667,
          19.086344
        ]
      },
      {
        "date": "2025-04-25",
        "close": 17.1,
        "volume": 72009,
        "typical_volume": 97838.6,
        "trend": 19.523333,
        "fair_value": 19.429457,
        "relative_strength": -7.475766,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.930491,
        "energy": 78.221623,
        "activity_lines": [
          17.463333,
          18.101818,
          18.578572,
          18.920968
        ]
      },
      {
        "date": "2025-05-02",
        "close": 17.0,
        "volume": 152335,
        "typical_volume": 100400.5,
        "trend": 19.325,
        "fair_value": 19.383612,
        "relative_strength": -11.570327,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.893219,
        "energy": 83.354188,
        "activity_lines": [
          17.2,
          17.819091,
          18.401191,
          18.758172
        ]
      },
      {
        "date": "2025-05-09",
        "close": 17.799999,
        "volume": 141565,
        "typical_volume": 106369.65,
        "trend": 19.188333,
        "fair_value": 19.356267,
        "relative_strength": -7.528613,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.256072,
        "energy": 72.210881,
        "activity_lines": [
          17.31,
          17.724545,
          18.314286,
          18.659785
        ]
      },
      {
        "date": "2025-05-16",
        "close": 17.799999,
        "volume": 33711,
        "typical_volume": 104427.7,
        "trend": 19.085,
        "fair_value": 19.333082,
        "relative_strength": -11.098866,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.245254,
        "energy": 46.844791,
        "activity_lines": [
          17.496666,
          17.662727,
          18.235476,
          18.570215
        ]
      },
      {
        "date": "2025-05-23",
        "close": 17.700001,
        "volume": 52731,
        "typical_volume": 104278.5,
        "trend": 18.976667,
        "fair_value": 19.323817,
        "relative_strength": -10.407988,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.536657,
        "energy": 34.77841,
        "activity_lines": [
          17.613333,
          17.610909,
          18.149524,
          18.48086
        ]
      },
      {
        "date": "2025-05-30",
        "close": 17.35,
        "volume": 23311,
        "typical_volume": 104289.6,
        "trend": 18.858333,
        "fair_value": 19.312012,
        "relative_strength": -10.472493,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.746288,
        "energy": 32.505888,
        "activity_lines": [
          17.57,
          17.522727,
          18.039762,
          18.375914
        ]
      },
      {
        "date": "2025-06-06",
        "close": 17.25,
        "volume": 85240,
        "typical_volume": 105109.15,
        "trend": 18.755,
        "fair_value": 19.298079,
        "relative_strength": -11.698698,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.25464,
        "energy": 34.679417,
        "activity_lines": [
          17.476667,
          17.448182,
          17.927143,
          18.272151
        ]
      },
      {
        "date": "2025-06-13",
        "close": 17.200001,
        "volume": 63361,
        "typical_volume": 106417.8,
        "trend": 18.648333,
        "fair_value": 19.284123,
        "relative_strength": -13.067717,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.373827,
        "energy": 40.976788,
        "activity_lines": [
          17.35,
          17.389091,
          17.818095,
          18.171828
        ]
      },
      {
        "date": "2025-06-20",
        "close": 17.15,
        "volume": 52060,
        "typical_volume": 103762.3,
        "trend": 18.566667,
        "fair_value": 19.272521,
        "relative_strength": -12.777498,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.137669,
        "energy": 42.283213,
        "activity_lines": [
          17.246667,
          17.352727,
          17.71381,
          18.075161
        ]
      },
      {
        "date": "2025-06-27",
        "close": 17.15,
        "volume": 84402,
        "typical_volume": 103880.3,
        "trend": 18.465,
        "fair_value": 19.26716,
        "relative_strength": -14.525426,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.076034,
        "energy": 40.885967,
        "activity_lines": [
          17.186667,
          17.318182,
          17.618333,
          17.983763
        ]
      },
      {
        "date": "2025-07-04",
        "close": 17.5,
        "volume": 41003,
        "typical_volume": 92961.4,
        "trend": 18.371667,
        "fair_value": 19.270282,
        "relative_strength": -12.331795,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.359566,
        "energy": 35.410916,
        "activity_lines": [
          17.28,
          17.345455,
          17.564762,
          17.921505
        ]
      },
      {
        "date": "2025-07-11",
        "close": 17.65,
        "volume": 10264,
        "typical_volume": 84470.85,
        "trend": 18.293333,
        "fair_value": 19.281498,
        "relative_strength": -12.089649,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.939691,
        "energy": 27.827887,
        "activity_lines": [
          17.413333,
          17.392727,
          17.534048,
          17.874946
        ]
      },
      {
        "date": "2025-07-18",
        "close": 18.0,
        "volume": 38015,
        "typical_volume": 76819.05,
        "trend": 18.243333,
        "fair_value": 19.29466,
        "relative_strength": -12.415686,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.16031,
        "energy": 16.372012,
        "activity_lines": [
          17.636667,
          17.491818,
          17.544762,
          17.856022
        ]
      },
      {
        "date": "2025-07-25",
        "close": 17.5,
        "volume": 32272,
        "typical_volume": 74270.2,
        "trend": 18.216667,
        "fair_value": 19.308183,
        "relative_strength": -14.294746,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.943739,
        "energy": 18.308198,
        "activity_lines": [
          17.64,
          17.496364,
          17.515476,
          17.808065
        ]
      },
      {
        "date": "2025-08-01",
        "close": 17.299999,
        "volume": 49763,
        "typical_volume": 69378.85,
        "trend": 18.136667,
        "fair_value": 19.3124,
        "relative_strength": -14.967236,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.923256,
        "energy": 17.500523,
        "activity_lines": [
          17.553333,
          17.47,
          17.475952,
          17.748925
        ]
      },
      {
        "date": "2025-08-08",
        "close": 17.299999,
        "volume": 37410,
        "typical_volume": 67753.65,
        "trend": 18.088333,
        "fair_value": 19.314835,
        "relative_strength": -16.418725,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.833705,
        "energy": 15.426885,
        "activity_lines": [
          17.456666,
          17.450909,
          17.445476,
          17.694946
        ]
      },
      {
        "date": "2025-08-15",
        "close": 17.6,
        "volume": 150230,
        "typical_volume": 68647.6,
        "trend": 18.041667,
        "fair_value": 19.313844,
        "relative_strength": -15.450976,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.255481,
        "energy": 20.204037,
        "activity_lines": [
          17.473333,
          17.487272,
          17.452143,
          17.663441
        ]
      },
      {
        "date": "2025-08-22",
        "close": 16.9,
        "volume": 77074,
        "typical_volume": 71231.7,
        "trend": 17.965,
        "fair_value": 19.304799,
        "relative_strength": -16.272109,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -61.492484,
        "energy": 39.030559,
        "activity_lines": [
          17.26,
          17.39,
          17.396905,
          17.589785
        ]
      },
      {
        "date": "2025-08-29",
        "close": 17.25,
        "volume": 133305,
        "typical_volume": 71689.9,
        "trend": 17.906667,
        "fair_value": 19.286579,
        "relative_strength": -15.545538,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.566814,
        "energy": 33.60324,
        "activity_lines": [
          17.236666,
          17.361818,
          17.384762,
          17.543656
        ]
      },
      {
        "date": "2025-09-05",
        "close": 17.1,
        "volume": 52004,
        "typical_volume": 69103.25,
        "trend": 17.845,
        "fair_value": 19.270225,
        "relative_strength": -16.600745,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.789869,
        "energy": 37.266973,
        "activity_lines": [
          17.18,
          17.304545,
          17.358333,
          17.491613
        ]
      },
      {
        "date": "2025-09-12",
        "close": 17.85,
        "volume": 127678,
        "typical_volume": 71886.7,
        "trend": 17.796667,
        "fair_value": 19.262134,
        "relative_strength": -15.702129,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.180532,
        "energy": 13.530988,
        "activity_lines": [
          17.386667,
          17.384545,
          17.403095,
          17.491935
        ]
      },
      {
        "date": "2025-09-19",
        "close": 18.0,
        "volume": 83481,
        "typical_volume": 68444.0,
        "trend": 17.751667,
        "fair_value": 19.255633,
        "relative_strength": -14.878044,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.460803,
        "energy": 6.852061,
        "activity_lines": [
          17.606667,
          17.485454,
          17.458571,
          17.505054
        ]
      },
      {
        "date": "2025-09-26",
        "close": 16.65,
        "volume": 49082,
        "typical_volume": 63819.85,
        "trend": 17.653333,
        "fair_value": 19.240792,
        "relative_strength": -20.695727,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.095771,
        "energy": 18.654295,
        "activity_lines": [
          17.35,
          17.334545,
          17.380714,
          17.433978
        ]
      },
      {
        "date": "2025-10-03",
        "close": 19.299999,
        "volume": 160176,
        "typical_volume": 70143.1,
        "trend": 17.651667,
        "fair_value": 19.244508,
        "relative_strength": -11.540243,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 46.089538,
        "energy": 31.906359,
        "activity_lines": [
          17.993333,
          17.69,
          17.560714,
          17.540215
        ]
      },
      {
        "date": "2025-10-10",
        "close": 18.299999,
        "volume": 43245,
        "typical_volume": 69668.8,
        "trend": 17.621667,
        "fair_value": 19.245585,
        "relative_strength": -17.176396,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 27.160758,
        "energy": 41.047121,
        "activity_lines": [
          18.166666,
          17.830909,
          17.638333,
          17.582043
        ]
      },
      {
        "date": "2025-10-17",
        "close": 17.0,
        "volume": 35069,
        "typical_volume": 70256.7,
        "trend": 17.551667,
        "fair_value": 19.236129,
        "relative_strength": -22.527535,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 5.220919,
        "energy": 11.985661,
        "activity_lines": [
          17.826666,
          17.717272,
          17.589285,
          17.541935
        ]
      },
      {
        "date": "2025-10-24",
        "close": 16.700001,
        "volume": 46838,
        "typical_volume": 68336.6,
        "trend": 17.488333,
        "fair_value": 19.227577,
        "relative_strength": -24.011222,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -14.31122,
        "energy": 9.725578,
        "activity_lines": [
          17.443333,
          17.554545,
          17.513333,
          17.486989
        ]
      },
      {
        "date": "2025-10-31",
        "close": 16.049999,
        "volume": 60242,
        "typical_volume": 68180.65,
        "trend": 17.391666,
        "fair_value": 19.218314,
        "relative_strength": -28.21747,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -41.100183,
        "energy": 31.082291,
        "activity_lines": [
          16.93,
          17.29,
          17.378095,
          17.394193
        ]
      },
      {
        "date": "2025-11-07",
        "close": 16.950001,
        "volume": 47926,
        "typical_volume": 67973.95,
        "trend": 17.381667,
        "fair_value": 19.217019,
        "relative_strength": -22.06633,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -51.077971,
        "energy": 39.072042,
        "activity_lines": [
          16.756667,
          17.204545,
          17.334048,
          17.365699
        ]
      },
      {
        "date": "2025-11-14",
        "close": 16.799999,
        "volume": 22120,
        "typical_volume": 64859.85,
        "trend": 17.373333,
        "fair_value": 19.214134,
        "relative_strength": -21.555094,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.241288,
        "energy": 50.591108,
        "activity_lines": [
          16.69,
          17.097273,
          17.276666,
          17.328172
        ]
      },
      {
        "date": "2025-11-21",
        "close": 16.299999,
        "volume": 10011,
        "typical_volume": 63310.25,
        "trend": 17.346667,
        "fair_value": 19.204275,
        "relative_strength": -20.639671,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.647735,
        "energy": 58.404783,
        "activity_lines": [
          16.556666,
          16.904545,
          17.173333,
          17.258925
        ]
      },
      {
        "date": "2025-11-28",
        "close": 16.1,
        "volume": 23343,
        "typical_volume": 63964.2,
        "trend": 17.316667,
        "fair_value": 19.19062,
        "relative_strength": -24.434744,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.355924,
        "energy": 50.714439,
        "activity_lines": [
          16.403333,
          16.703636,
          17.056666,
          17.178494
        ]
      },
      {
        "date": "2025-12-05",
        "close": 15.7,
        "volume": 13239,
        "typical_volume": 62725.4,
        "trend": 17.246667,
        "fair_value": 19.179428,
        "relative_strength": -26.603548,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.118817,
        "energy": 54.582571,
        "activity_lines": [
          16.156666,
          16.464545,
          16.909285,
          17.074193
        ]
      },
      {
        "date": "2025-12-12",
        "close": 15.6,
        "volume": 8714,
        "typical_volume": 61547.5,
        "trend": 17.173333,
        "fair_value": 19.16728,
        "relative_strength": -27.065518,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.382465,
        "energy": 64.794446,
        "activity_lines": [
          15.9,
          16.224545,
          16.763333,
          16.967957
        ]
      },
      {
        "date": "2025-12-19",
        "close": 15.95,
        "volume": 49018,
        "typical_volume": 61510.25,
        "trend": 17.115,
        "fair_value": 19.156748,
        "relative_strength": -23.552858,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.314908,
        "energy": 61.67664,
        "activity_lines": [
          15.85,
          16.115454,
          16.659762,
          16.889032
        ]
      },
      {
        "date": "2025-12-26",
        "close": 15.5,
        "volume": 24876,
        "typical_volume": 60883.55,
        "trend": 17.053333,
        "fair_value": 19.138619,
        "relative_strength": -27.445758,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.944732,
        "energy": 66.507833,
        "activity_lines": [
          15.706667,
          15.967273,
          16.519762,
          16.784839
        ]
      },
      {
        "date": "2026-01-02",
        "close": 17.5,
        "volume": 227584,
        "typical_volume": 64751.25,
        "trend": 17.061667,
        "fair_value": 19.132368,
        "relative_strength": -19.783662,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -25.073388,
        "energy": 21.465154,
        "activity_lines": [
          16.283333,
          16.21,
          16.578809,
          16.813656
        ]
      },
      {
        "date": "2026-01-09",
        "close": 16.1,
        "volume": 141166,
        "typical_volume": 67955.85,
        "trend": 17.025,
        "fair_value": 19.118714,
        "relative_strength": -27.954378,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.967889,
        "energy": 21.021601,
        "activity_lines": [
          16.3,
          16.183636,
          16.505,
          16.751613
        ]
      },
      {
        "date": "2026-01-16",
        "close": 16.6,
        "volume": 106059,
        "typical_volume": 66593.55,
        "trend": 17.006667,
        "fair_value": 19.11172,
        "relative_strength": -27.806015,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.075129,
        "energy": 19.99286,
        "activity_lines": [
          16.456667,
          16.247273,
          16.482619,
          16.724193
        ]
      },
      {
        "date": "2026-01-23",
        "close": 15.65,
        "volume": 93569,
        "typical_volume": 68671.8,
        "trend": 16.956667,
        "fair_value": 19.098008,
        "relative_strength": -32.512428,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.9149,
        "energy": 24.852433,
        "activity_lines": [
          16.23,
          16.144545,
          16.372857,
          16.636667
        ]
      },
      {
        "date": "2026-01-30",
        "close": 16.299999,
        "volume": 104540,
        "typical_volume": 67514.9,
        "trend": 16.916666,
        "fair_value": 19.088148,
        "relative_strength": -29.373329,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.589896,
        "energy": 21.213881,
        "activity_lines": [
          16.24,
          16.180909,
          16.331905,
          16.594301
        ]
      },
      {
        "date": "2026-02-06",
        "close": 15.9,
        "volume": 30860,
        "typical_volume": 64883.85,
        "trend": 16.858333,
        "fair_value": 19.068814,
        "relative_strength": -29.923236,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.722673,
        "energy": 28.981374,
        "activity_lines": [
          16.063333,
          16.144545,
          16.260238,
          16.52871
        ]
      },
      {
        "date": "2026-02-13",
        "close": 16.4,
        "volume": 65804,
        "typical_volume": 65719.95,
        "trend": 16.805,
        "fair_value": 19.054569,
        "relative_strength": -30.997718,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.901241,
        "energy": 26.306826,
        "activity_lines": [
          16.16,
          16.202727,
          16.24619,
          16.49914
        ]
      },
      {
        "date": "2026-02-27",
        "close": 16.65,
        "volume": 58236,
        "typical_volume": 60622.95,
        "trend": 16.776666,
        "fair_value": 19.0391,
        "relative_strength": -32.893823,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.406367,
        "energy": 8.26295,
        "activity_lines": [
          16.32,
          16.293636,
          16.257143,
          16.48914
        ]
      },
      {
        "date": "2026-03-06",
        "close": 15.75,
        "volume": 110948,
        "typical_volume": 64008.1,
        "trend": 16.725,
        "fair_value": 19.019432,
        "relative_strength": -32.384276,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.787277,
        "energy": 20.430009,
        "activity_lines": [
          16.176667,
          16.201818,
          16.195,
          16.422903
        ]
      },
      {
        "date": "2026-03-13",
        "close": 14.75,
        "volume": 76127,
        "typical_volume": 66061.0,
        "trend": 16.64,
        "fair_value": 18.992726,
        "relative_strength": -35.55691,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -68.40904,
        "energy": 41.336512,
        "activity_lines": [
          15.693333,
          15.931818,
          16.049762,
          16.295484
        ]
      },
      {
        "date": "2026-03-20",
        "close": 15.5,
        "volume": 72870,
        "typical_volume": 67362.6,
        "trend": 16.57,
        "fair_value": 18.970827,
        "relative_strength": -31.781392,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.307296,
        "energy": 45.239431,
        "activity_lines": [
          15.563333,
          15.811818,
          15.986667,
          16.221935
        ]
      },
      {
        "date": "2026-03-27",
        "close": 14.95,
        "volume": 49074,
        "typical_volume": 66804.2,
        "trend": 16.505,
        "fair_value": 18.944774,
        "relative_strength": -32.562886,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.948466,
        "energy": 60.835766,
        "activity_lines": [
          15.276667,
          15.628182,
          15.876905,
          16.117419
        ]
      },
      {
        "date": "2026-04-03",
        "close": 14.6,
        "volume": 22044,
        "typical_volume": 65510.1,
        "trend": 16.416667,
        "fair_value": 18.91585,
        "relative_strength": -32.24622,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.54155,
        "energy": 67.70028,
        "activity_lines": [
          14.97,
          15.401818,
          15.739048,
          15.994516
        ]
      },
      {
        "date": "2026-04-10",
        "close": 14.6,
        "volume": 58395,
        "typical_volume": 67323.85,
        "trend": 16.333333,
        "fair_value": 18.886925,
        "relative_strength": -36.812313,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.133394,
        "energy": 67.453503,
        "activity_lines": [
          14.8,
          15.211818,
          15.612381,
          15.877312
        ]
      },
      {
        "date": "2026-04-17",
        "close": 14.95,
        "volume": 107105,
        "typical_volume": 72178.55,
        "trend": 16.236667,
        "fair_value": 18.861187,
        "relative_strength": -36.846841,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.126607,
        "energy": 65.568255,
        "activity_lines": [
          14.823333,
          15.104545,
          15.529524,
          15.788064
        ]
      },
      {
        "date": "2026-04-24",
        "close": 14.4,
        "volume": 98106,
        "typical_volume": 75916.7,
        "trend": 16.116667,
        "fair_value": 18.831609,
        "relative_strength": -41.606139,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.524601,
        "energy": 66.711364,
        "activity_lines": [
          14.65,
          14.921818,
          15.400714,
          15.66957
        ]
      },
      {
        "date": "2026-05-01",
        "close": 14.1,
        "volume": 83774,
        "typical_volume": 79443.45,
        "trend": 16.031667,
        "fair_value": 18.801364,
        "relative_strength": -41.935843,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.000042,
        "energy": 67.74747,
        "activity_lines": [
          14.45,
          14.711818,
          15.251429,
          15.539462
        ]
      },
      {
        "date": "2026-05-08",
        "close": 14.3,
        "volume": 85155,
        "typical_volume": 83265.5,
        "trend": 15.865,
        "fair_value": 18.773972,
        "relative_strength": -44.084636,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.31706,
        "energy": 60.992349,
        "activity_lines": [
          14.373333,
          14.58,
          15.128809,
          15.427742
        ]
      },
      {
        "date": "2026-05-15",
        "close": 13.1,
        "volume": 168478,
        "typical_volume": 89238.5,
        "trend": 15.691667,
        "fair_value": 18.740458,
        "relative_strength": -47.362375,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.52795,
        "energy": 80.623416,
        "activity_lines": [
          13.916667,
          14.272727,
          14.898095,
          15.249355
        ]
      },
      {
        "date": "2026-05-22",
        "close": 14.15,
        "volume": 81297,
        "typical_volume": 92059.55,
        "trend": 15.596667,
        "fair_value": 18.71933,
        "relative_strength": -43.758011,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.661676,
        "energy": 63.988753,
        "activity_lines": [
          13.91,
          14.204545,
          14.780952,
          15.149892
        ]
      },
      {
        "date": "2026-05-29",
        "close": 14.1,
        "volume": 157445,
        "typical_volume": 88552.6,
        "trend": 15.51,
        "fair_value": 18.69474,
        "relative_strength": -46.171478,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.769375,
        "energy": 48.564572,
        "activity_lines": [
          13.94,
          14.138182,
          14.665476,
          15.053333
        ]
      },
      {
        "date": "2026-06-05",
        "close": 14.0,
        "volume": 66105,
        "typical_volume": 84799.55,
        "trend": 15.441667,
        "fair_value": 18.668252,
        "relative_strength": -46.064636,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.386716,
        "energy": 47.937008,
        "activity_lines": [
          13.956667,
          14.079091,
          14.556667,
          14.955914
        ]
      },
      {
        "date": "2026-06-12",
        "close": 14.2,
        "volume": 105017,
        "typical_volume": 84747.45,
        "trend": 15.35,
        "fair_value": 18.646816,
        "relative_strength": -43.277619,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.802448,
        "energy": 37.148092,
        "activity_lines": [
          14.046667,
          14.073636,
          14.476905,
          14.875806
        ]
      },
      {
        "date": "2026-06-19",
        "close": 14.1,
        "volume": 88485,
        "typical_volume": 84493.25,
        "trend": 15.26,
        "fair_value": 18.622226,
        "relative_strength": -45.58189,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.873624,
        "energy": 30.697921,
        "activity_lines": [
          14.11,
          14.057273,
          14.399048,
          14.795161
        ]
      },
      {
        "date": "2026-06-26",
        "close": 13.8,
        "volume": 75350,
        "typical_volume": 83033.75,
        "trend": 15.176667,
        "fair_value": 18.596969,
        "relative_strength": -43.565747,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.371925,
        "energy": 34.674063,
        "activity_lines": [
          14.006667,
          13.995455,
          14.3,
          14.700968
        ]
      },
      {
        "date": "2026-07-03",
        "close": 13.95,
        "volume": 46125,
        "typical_volume": 83797.0,
        "trend": 15.105,
        "fair_value": 18.571103,
        "relative_strength": -44.752601,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.169188,
        "energy": 35.055119,
        "activity_lines": [
          13.976667,
          13.981818,
          14.227143,
          14.621828
        ]
      },
      {
        "date": "2026-07-10",
        "close": 13.6,
        "volume": 0,
        "typical_volume": 80506.8,
        "trend": 15.035,
        "fair_value": 18.546449,
        "relative_strength": -43.486268,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.71234,
        "energy": 42.568204,
        "activity_lines": [
          13.84,
          13.912727,
          14.130238,
          14.524731
        ]
      },
      {
        "date": "2026-07-17",
        "close": 14.0,
        "volume": 10000,
        "typical_volume": 78095.0,
        "trend": 14.981667,
        "fair_value": 18.524359,
        "relative_strength": -37.145876,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.018274,
        "energy": 37.760189,
        "activity_lines": [
          13.863333,
          13.925455,
          14.084762,
          14.457957
        ]
      },
      {
        "date": "2026-07-24",
        "close": 13.8,
        "volume": 62210,
        "typical_volume": 75658.1,
        "trend": 14.91,
        "fair_value": 18.503205,
        "relative_strength": -38.4103,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.297894,
        "energy": 36.215206,
        "activity_lines": [
          13.833333,
          13.907273,
          14.032857,
          14.38172
        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.7,
        "volume": 85201,
        "typical_volume": 76111.8,
        "trend": 14.85,
        "fair_value": 18.48141,
        "relative_strength": -37.081129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.355741,
        "energy": 36.904747,
        "activity_lines": [
          13.79,
          13.858182,
          13.980714,
          14.303656
        ]
      },
      {
        "date": "2026-08-07",
        "close": 13.6,
        "volume": 42049,
        "typical_volume": 74570.75,
        "trend": 14.72,
        "fair_value": 18.457692,
        "relative_strength": -38.087036,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.802061,
        "energy": 35.657176,
        "activity_lines": [
          13.72,
          13.799091,
          13.924048,
          14.223011
        ]
      },
      {
        "date": "2026-08-14",
        "close": 13.35,
        "volume": 86256,
        "typical_volume": 76429.85,
        "trend": 14.628333,
        "fair_value": 18.432051,
        "relative_strength": -40.33751,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.12083,
        "energy": 42.728079,
        "activity_lines": [
          13.59,
          13.703636,
          13.852619,
          14.134624
        ]
      },
      {
        "date": "2026-08-21",
        "close": 13.4,
        "volume": 38005,
        "typical_volume": 77227.9,
        "trend": 14.521667,
        "fair_value": 18.408974,
        "relative_strength": -38.299942,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.073535,
        "energy": 51.695646,
        "activity_lines": [
          13.493333,
          13.629091,
          13.793571,
          14.055376
        ]
      }
    ],
    "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."
    }
  }
}