{ "ticker": { "uuid": "c7a32f14-5cb5-4c91-8f75-c30a604b5c77", "symbol": "300199", "name": "Hybio Pharmaceutical Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 43.521, "architecture_energy": 20.672, "architecture_maturity": 39.357, "architecture_confidence": 94.728, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 48.66, "rotation_up": 34.21, "upward_expansion": 57.3, "deceleration": 84.83, "rotation_down": 32.19, "downward_expansion": 20.96 }, "activity_lines": [ 22.286, 22.376545, 22.268524, 21.624774 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 24.379999, "trend_reference": 20.841, "distance_from_trend": 0.169809, "trend_direction": "Improving", "fair_value": 15.55641, "distance_from_fair_value": 0.5672, "fair_value_direction": "Improving", "relative_strength": 11.082975, "relative_strength_direction": "Improving", "price_momentum": 0.289265, "excess_performance": 0.281865, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.169809, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.053729, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.5672, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.166412, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.11083, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.266126, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.289265, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.849249, "read": "Demand-led" } ], "volume": { "latest": 238426789, "relative_activity": 1.132244, "balance": 1.849249, "dry_up": 1.23954, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.129741, "annualized_volatility": 0.592112, "from_high_reference": -0.218339, "from_low_reference": 0.502156 }, "levels": { "trend_reference": 20.841, "fair_value_reference": 15.55641, "structural_low": 16.23, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.0299, "positive_rate": 0.461538, "directional_follow_through": 0.461538, "median_excess_return": 0.017239, "regime_survival": 0.615385, "best_return": 0.493482, "worst_return": -0.19324, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.078259, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.071075, "regime_survival": 0.166667, "best_return": 2.110294, "worst_return": -0.261484, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.431002, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.40722, "regime_survival": 0.0, "best_return": 2.032258, "worst_return": -0.336517, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.171057, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.031499, "regime_survival": 0.5, "best_return": 1.738351, "worst_return": -0.339005, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-19", "end": "2024-09-27", "tenure": "Established", "return": -0.074402, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-22", "tenure": "Developing", "return": -0.019247, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-01-24", "tenure": "Developing", "return": -0.039331, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-03-28", "tenure": "Developing", "return": 0.33422, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-04", "end": "2025-05-02", "tenure": "Developing", "return": -0.116026, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": -0.013708, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-09-26", "tenure": "Established", "return": 0.502509, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-11-21", "tenure": "Developing", "return": -0.168308, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": -0.013058, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-04-03", "tenure": "Established", "return": 0.036839, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": -0.013005, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": 0.074517, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-07-24", "tenure": "Developing", "return": -0.189817, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.15545, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 10.22, "volume": 89015530, "typical_volume": 161187069.15, "trend": 12.291, "fair_value": 10.199551, "relative_strength": -18.697361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.365637, "energy": 42.649557, "activity_lines": [ 10.217333, 10.533818, 10.82319, 11.249527 ] }, { "date": "2023-08-04", "close": 10.1, "volume": 82630999, "typical_volume": 159577231.15, "trend": 12.041667, "fair_value": 10.225128, "relative_strength": -20.18332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.401609, "energy": 41.033147, "activity_lines": [ 10.177333, 10.376909, 10.739143, 11.108172 ] }, { "date": "2023-08-11", "close": 11.33, "volume": 321902893, "typical_volume": 171205606.8, "trend": 11.77, "fair_value": 10.247949, "relative_strength": -6.860917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.93337, "energy": 21.44261, "activity_lines": [ 10.552667, 10.492545, 10.779619, 11.062258 ] }, { "date": "2023-08-18", "close": 9.8, "volume": 267250201, "typical_volume": 179899613.15, "trend": 11.515, "fair_value": 10.252564, "relative_strength": -16.599809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.291661, "energy": 27.535546, "activity_lines": [ 10.351333, 10.340909, 10.674571, 10.935161 ] }, { "date": "2023-08-25", "close": 8.77, "volume": 133028355, "typical_volume": 181285443.0, "trend": 11.305, "fair_value": 10.254808, "relative_strength": -22.754965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.118552, "energy": 44.35827, "activity_lines": [ 9.830667, 10.037273, 10.477524, 10.758065 ] }, { "date": "2023-09-01", "close": 9.1, "volume": 125325995, "typical_volume": 182258444.95, "trend": 11.149333, "fair_value": 10.262051, "relative_strength": -22.28227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.036969, "energy": 53.880229, "activity_lines": [ 9.516, 9.845455, 10.323905, 10.615806 ] }, { "date": "2023-09-08", "close": 8.91, "volume": 77947644, "typical_volume": 179522543.85, "trend": 11.019333, "fair_value": 10.268462, "relative_strength": -22.481762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.755799, "energy": 74.394078, "activity_lines": [ 9.212667, 9.643636, 10.160619, 10.471333 ] }, { "date": "2023-09-15", "close": 10.25, "volume": 374135440, "typical_volume": 180234052.35, "trend": 10.887333, "fair_value": 10.28359, "relative_strength": -9.695573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.658243, "energy": 60.114773, "activity_lines": [ 9.435333, 9.708545, 10.131571, 10.421699 ] }, { "date": "2023-09-22", "close": 14.03, "volume": 701461782, "typical_volume": 211061758.7, "trend": 10.908667, "fair_value": 10.318526, "relative_strength": 22.284136, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.420087, "energy": 19.938556, "activity_lines": [ 10.99, 10.462182, 10.468524, 10.624452 ] }, { "date": "2023-09-29", "close": 13.4, "volume": 765228987, "typical_volume": 241109551.35, "trend": 10.921667, "fair_value": 10.345641, "relative_strength": 16.781161, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.209919, "energy": 39.702144, "activity_lines": [ 12.052667, 11.030909, 10.73019, 10.785183 ] }, { "date": "2023-10-13", "close": 16.940001, "volume": 841725589, "typical_volume": 270706148.75, "trend": 11.076, "fair_value": 10.399423, "relative_strength": 46.302901, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.316416, "energy": 84.933907, "activity_lines": [ 13.986667, 12.185273, 11.313572, 11.173462 ] }, { "date": "2023-10-20", "close": 16.91, "volume": 737553613, "typical_volume": 282975691.55, "trend": 11.251333, "fair_value": 10.45141, "relative_strength": 51.411687, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.773424, "energy": 89.971807, "activity_lines": [ 15.388, 13.212, 11.865667, 11.54985 ] }, { "date": "2023-10-27", "close": 16.299999, "volume": 592991180, "typical_volume": 300102784.8, "trend": 11.415667, "fair_value": 10.504679, "relative_strength": 41.230048, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.218731, "energy": 86.135521, "activity_lines": [ 16.052667, 14.004, 12.340048, 11.87557 ] }, { "date": "2023-11-03", "close": 17.73, "volume": 565513390, "typical_volume": 315291488.5, "trend": 11.637333, "fair_value": 10.564744, "relative_strength": 50.265001, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.989934, "energy": 87.201519, "activity_lines": [ 16.790667, 14.965636, 12.92981, 12.282946 ] }, { "date": "2023-11-10", "close": 15.7, "volume": 774151816, "typical_volume": 344844167.3, "trend": 11.784333, "fair_value": 10.610256, "relative_strength": 30.115284, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.659939, "energy": 55.465294, "activity_lines": [ 16.605333, 15.414, 13.297714, 12.545054 ] }, { "date": "2023-11-17", "close": 15.18, "volume": 354722674, "typical_volume": 357732286.95, "trend": 11.928, "fair_value": 10.651795, "relative_strength": 25.064607, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.91782, "energy": 48.027452, "activity_lines": [ 16.093333, 15.641818, 13.596667, 12.764129 ] }, { "date": "2023-11-24", "close": 16.969999, "volume": 462753499, "typical_volume": 376379264.8, "trend": 12.150333, "fair_value": 10.71, "relative_strength": 40.742459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.999219, "energy": 47.381352, "activity_lines": [ 16.295333, 16.084545, 14.043571, 13.089419 ] }, { "date": "2023-12-01", "close": 14.19, "volume": 341139111, "typical_volume": 387300362.7, "trend": 12.239667, "fair_value": 10.753333, "relative_strength": 18.97254, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.680428, "energy": 28.737001, "activity_lines": [ 15.566666, 15.875273, 14.193381, 13.221011 ] }, { "date": "2023-12-08", "close": 14.09, "volume": 319643299, "typical_volume": 399708314.2, "trend": 12.348667, "fair_value": 10.795705, "relative_strength": 20.258444, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.009281, "energy": 20.981307, "activity_lines": [ 14.945333, 15.576182, 14.315286, 13.340387 ] }, { "date": "2023-12-15", "close": 14.8, "volume": 306805407, "typical_volume": 411746370.2, "trend": 12.503333, "fair_value": 10.840321, "relative_strength": 28.81372, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.723634, "energy": 18.037243, "activity_lines": [ 14.803333, 15.405091, 14.486095, 13.498538 ] }, { "date": "2023-12-22", "close": 13.74, "volume": 188940746, "typical_volume": 416742631.0, "trend": 12.595667, "fair_value": 10.880321, "relative_strength": 22.09225, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.671875, "energy": 19.686825, "activity_lines": [ 14.368, 15.015818, 14.534095, 13.578323 ] }, { "date": "2023-12-29", "close": 13.58, "volume": 145932234, "typical_volume": 419907692.75, "trend": 12.622, "fair_value": 10.919231, "relative_strength": 17.92022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.245247, "energy": 17.620578, "activity_lines": [ 13.975333, 14.655636, 14.550095, 13.641828 ] }, { "date": "2024-01-05", "close": 13.16, "volume": 126784912, "typical_volume": 410151793.7, "trend": 12.663, "fair_value": 10.955577, "relative_strength": 20.685258, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.14207, "energy": 11.043848, "activity_lines": [ 13.668667, 14.279636, 14.509524, 13.676538 ] }, { "date": "2024-01-12", "close": 12.7, "volume": 133704255, "typical_volume": 403474496.4, "trend": 12.695, "fair_value": 10.991026, "relative_strength": 18.373144, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.645712, "energy": 13.157221, "activity_lines": [ 13.277333, 13.877091, 14.416429, 13.678925 ] }, { "date": "2024-01-19", "close": 11.82, "volume": 90069679, "typical_volume": 401326562.6, "trend": 12.701667, "fair_value": 11.021859, "relative_strength": 13.468517, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.827182, "energy": 36.042564, "activity_lines": [ 12.685333, 13.406, 14.225714, 13.622473 ] }, { "date": "2024-01-26", "close": 11.55, "volume": 147105460, "typical_volume": 402415535.85, "trend": 12.738333, "fair_value": 11.053269, "relative_strength": 11.525274, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.224857, "energy": 46.717413, "activity_lines": [ 12.202, 12.956364, 13.994762, 13.548172 ] }, { "date": "2024-02-02", "close": 9.83, "volume": 209492487, "typical_volume": 408992778.0, "trend": 12.726667, "fair_value": 11.078526, "relative_strength": 3.305468, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.554513, "energy": 61.759348, "activity_lines": [ 11.291333, 12.26, 13.588333, 13.360538 ] }, { "date": "2024-02-09", "close": 10.66, "volume": 238202686, "typical_volume": 402196140.3, "trend": 12.737667, "fair_value": 11.109551, "relative_strength": 2.204048, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.017971, "energy": 61.806121, "activity_lines": [ 10.907333, 11.844364, 13.256571, 13.227204 ] }, { "date": "2024-02-23", "close": 13.39, "volume": 360400571, "typical_volume": 385143079.75, "trend": 12.845333, "fair_value": 11.157692, "relative_strength": 24.035531, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.884714, "energy": 38.867723, "activity_lines": [ 11.6, 11.989273, 13.182857, 13.26929 ] }, { "date": "2024-03-01", "close": 13.78, "volume": 353234844, "typical_volume": 364543372.6, "trend": 12.964333, "fair_value": 11.210641, "relative_strength": 22.216427, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.992139, "energy": 14.420922, "activity_lines": [ 12.376667, 12.217818, 13.149333, 13.329591 ] }, { "date": "2024-03-08", "close": 13.76, "volume": 317618327, "typical_volume": 338338009.5, "trend": 13.082333, "fair_value": 11.266346, "relative_strength": 22.24037, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 3.17774, "energy": 12.002483, "activity_lines": [ 13.016, 12.461273, 13.112095, 13.380925 ] }, { "date": "2024-03-15", "close": 13.61, "volume": 306906448, "typical_volume": 316805651.25, "trend": 13.199333, "fair_value": 11.319679, "relative_strength": 17.245587, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.371301, "energy": 20.672453, "activity_lines": [ 13.458, 12.677091, 13.075714, 13.414968 ] }, { "date": "2024-03-22", "close": 12.63, "volume": 209481933, "typical_volume": 297630188.9, "trend": 13.242667, "fair_value": 11.364615, "relative_strength": 8.915808, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.582764, "energy": 14.941636, "activity_lines": [ 13.321333, 12.714182, 12.961714, 13.378237 ] }, { "date": "2024-03-29", "close": 12.17, "volume": 151149494, "typical_volume": 276911994.1, "trend": 13.321667, "fair_value": 11.406923, "relative_strength": 6.346452, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.486346, "energy": 18.180833, "activity_lines": [ 12.9, 12.677273, 12.821381, 13.309032 ] }, { "date": "2024-04-05", "close": 11.59, "volume": 77272459, "typical_volume": 242068026.25, "trend": 13.415667, "fair_value": 11.444231, "relative_strength": -0.621004, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.131442, "energy": 29.595389, "activity_lines": [ 12.366667, 12.544545, 12.652286, 13.197312 ] }, { "date": "2024-04-12", "close": 10.98, "volume": 83591748, "typical_volume": 228511479.95, "trend": 13.478333, "fair_value": 11.480769, "relative_strength": -2.996047, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.176947, "energy": 55.95273, "activity_lines": [ 11.776, 12.305091, 12.444667, 13.040172 ] }, { "date": "2024-04-19", "close": 11.29, "volume": 188799055, "typical_volume": 214813757.75, "trend": 13.557667, "fair_value": 11.518205, "relative_strength": -1.231183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.792128, "energy": 58.302001, "activity_lines": [ 11.474, 12.132364, 12.286571, 12.898989 ] }, { "date": "2024-04-26", "close": 12.16, "volume": 261402436, "typical_volume": 210826924.0, "trend": 13.621333, "fair_value": 11.561538, "relative_strength": 3.717647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.074761, "energy": 49.26957, "activity_lines": [ 11.616667, 12.091273, 12.238381, 12.808817 ] }, { "date": "2024-05-03", "close": 12.88, "volume": 108906039, "typical_volume": 200290061.0, "trend": 13.583, "fair_value": 11.610833, "relative_strength": 7.704719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.915568, "energy": 26.644735, "activity_lines": [ 12.030667, 12.153818, 12.268429, 12.760989 ] }, { "date": "2024-05-10", "close": 12.63, "volume": 368270010, "typical_volume": 203363291.15, "trend": 13.557333, "fair_value": 11.657692, "relative_strength": 3.598386, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.578976, "energy": 14.687888, "activity_lines": [ 12.314, 12.180182, 12.280429, 12.699505 ] }, { "date": "2024-05-17", "close": 12.2, "volume": 154628139, "typical_volume": 201647660.8, "trend": 13.399333, "fair_value": 11.706474, "relative_strength": -0.146468, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.875284, "energy": 15.825825, "activity_lines": [ 12.384667, 12.149273, 12.26181, 12.611935 ] }, { "date": "2024-05-24", "close": 11.89, "volume": 147750487, "typical_volume": 201738573.45, "trend": 13.232, "fair_value": 11.754423, "relative_strength": -0.258403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.432967, "energy": 16.339985, "activity_lines": [ 12.270667, 12.090364, 12.221, 12.514559 ] }, { "date": "2024-05-31", "close": 12.18, "volume": 146728082, "typical_volume": 202735731.95, "trend": 13.094667, "fair_value": 11.798269, "relative_strength": 2.346269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.971221, "energy": 14.08932, "activity_lines": [ 12.213333, 12.115455, 12.215857, 12.446688 ] }, { "date": "2024-06-07", "close": 10.6, "volume": 187632974, "typical_volume": 205432167.9, "trend": 12.857, "fair_value": 11.830449, "relative_strength": -9.847137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.520818, "energy": 42.182856, "activity_lines": [ 11.628, 11.861455, 12.064905, 12.285742 ] }, { "date": "2024-06-14", "close": 10.81, "volume": 69709022, "typical_volume": 204414135.05, "trend": 12.694, "fair_value": 11.861859, "relative_strength": -8.1433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.026504, "energy": 54.585379, "activity_lines": [ 11.264667, 11.674182, 11.943952, 12.153677 ] }, { "date": "2024-06-21", "close": 11.71, "volume": 137843918, "typical_volume": 203951057.95, "trend": 12.578333, "fair_value": 11.89891, "relative_strength": 1.249014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.021149, "energy": 45.655842, "activity_lines": [ 11.322667, 11.664727, 11.913524, 12.090194 ] }, { "date": "2024-06-28", "close": 10.85, "volume": 154507982, "typical_volume": 201201832.7, "trend": 12.374333, "fair_value": 11.927564, "relative_strength": -4.181972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.028608, "energy": 53.740247, "activity_lines": [ 11.126667, 11.485636, 11.800429, 11.978688 ] }, { "date": "2024-07-05", "close": 10.38, "volume": 76706480, "typical_volume": 193127022.4, "trend": 12.247333, "fair_value": 11.956859, "relative_strength": -7.065527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.51731, "energy": 50.985537, "activity_lines": [ 10.843333, 11.229091, 11.637714, 11.850022 ] }, { "date": "2024-07-12", "close": 10.24, "volume": 75368436, "typical_volume": 178875415.65, "trend": 12.119, "fair_value": 11.986346, "relative_strength": -10.27392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.200851, "energy": 45.942265, "activity_lines": [ 10.633333, 10.979455, 11.463, 11.720516 ] }, { "date": "2024-07-19", "close": 9.65, "volume": 65475222, "typical_volume": 164487434.55, "trend": 11.947333, "fair_value": 12.012692, "relative_strength": -16.079724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.571615, "energy": 66.907207, "activity_lines": [ 10.250667, 10.670545, 11.247095, 11.561226 ] }, { "date": "2024-07-26", "close": 9.0, "volume": 66184867, "typical_volume": 151915761.55, "trend": 11.789333, "fair_value": 12.036282, "relative_strength": -19.102533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.418969, "energy": 78.43845, "activity_lines": [ 9.728667, 10.297636, 10.988952, 11.371075 ] }, { "date": "2024-08-02", "close": 9.85, "volume": 100994273, "typical_volume": 141620152.8, "trend": 11.665, "fair_value": 12.064231, "relative_strength": -11.283731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.552709, "energy": 70.153987, "activity_lines": [ 9.670667, 10.137455, 10.834429, 11.245957 ] }, { "date": "2024-08-09", "close": 9.56, "volume": 107326543, "typical_volume": 136512383.3, "trend": 11.545, "fair_value": 12.091859, "relative_strength": -12.538727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.009649, "energy": 69.436714, "activity_lines": [ 9.582667, 9.961636, 10.67019, 11.110151 ] }, { "date": "2024-08-16", "close": 9.63, "volume": 126464296, "typical_volume": 135278123.4, "trend": 11.442667, "fair_value": 12.117821, "relative_strength": -11.767569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.053814, "energy": 58.63078, "activity_lines": [ 9.572667, 9.846182, 10.527238, 10.986602 ] }, { "date": "2024-08-23", "close": 9.06, "volume": 51660200, "typical_volume": 133997510.45, "trend": 11.350667, "fair_value": 12.139872, "relative_strength": -15.359707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.833099, "energy": 49.249216, "activity_lines": [ 9.413333, 9.644727, 10.342095, 10.832882 ] }, { "date": "2024-08-30", "close": 9.26, "volume": 62236678, "typical_volume": 132929756.95, "trend": 11.274333, "fair_value": 12.166538, "relative_strength": -15.431203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.230376, "energy": 47.031879, "activity_lines": [ 9.36, 9.511455, 10.188048, 10.698 ] }, { "date": "2024-09-06", "close": 9.47, "volume": 77286270, "typical_volume": 127354117.7, "trend": 11.262333, "fair_value": 12.190705, "relative_strength": -11.585181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.885835, "energy": 47.197501, "activity_lines": [ 9.359333, 9.460909, 10.06219, 10.581591 ] }, { "date": "2024-09-13", "close": 9.03, "volume": 58697248, "typical_volume": 117218858.3, "trend": 11.208, "fair_value": 12.209295, "relative_strength": -14.46491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.116787, "energy": 52.4775, "activity_lines": [ 9.237333, 9.355455, 9.903095, 10.43757 ] }, { "date": "2024-09-20", "close": 9.1, "volume": 31840496, "typical_volume": 113365581.15, "trend": 11.065, "fair_value": 12.232756, "relative_strength": -15.100967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.767726, "energy": 53.767948, "activity_lines": [ 9.174, 9.287273, 9.765571, 10.30157 ] }, { "date": "2024-09-27", "close": 10.45, "volume": 120096002, "typical_volume": 100956880.75, "trend": 10.954, "fair_value": 12.263718, "relative_strength": -17.363364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.303605, "energy": 27.60287, "activity_lines": [ 9.596, 9.485273, 9.774619, 10.261892 ] }, { "date": "2024-10-04", "close": 11.95, "volume": 69391048, "typical_volume": 96695026.2, "trend": 10.893667, "fair_value": 12.305962, "relative_strength": -14.307864, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 13.435239, "energy": 19.678547, "activity_lines": [ 10.425333, 9.941455, 9.936905, 10.326151 ] }, { "date": "2024-10-11", "close": 10.78, "volume": 213625178, "typical_volume": 99988760.75, "trend": 10.799333, "fair_value": 12.341346, "relative_strength": -18.794575, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -3.652145, "energy": 20.923465, "activity_lines": [ 10.685333, 10.131273, 9.988952, 10.318817 ] }, { "date": "2024-10-18", "close": 12.04, "volume": 256193176, "typical_volume": 105462015.45, "trend": 10.779667, "fair_value": 12.386282, "relative_strength": -11.230304, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.826044, "energy": 39.73362, "activity_lines": [ 11.278, 10.533273, 10.166286, 10.39886 ] }, { "date": "2024-10-25", "close": 11.99, "volume": 266443883, "typical_volume": 109402560.9, "trend": 10.773667, "fair_value": 12.430897, "relative_strength": -12.965951, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.078935, "energy": 47.133709, "activity_lines": [ 11.653333, 10.881091, 10.339524, 10.476946 ] }, { "date": "2024-11-01", "close": 11.42, "volume": 213520217, "typical_volume": 116593120.65, "trend": 10.768, "fair_value": 12.472564, "relative_strength": -15.075321, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.058088, "energy": 49.014341, "activity_lines": [ 11.646, 11.082364, 10.451857, 10.518645 ] }, { "date": "2024-11-08", "close": 11.84, "volume": 182141343, "typical_volume": 118807991.9, "trend": 10.796667, "fair_value": 12.515897, "relative_strength": -16.601857, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.855411, "energy": 49.042576, "activity_lines": [ 11.714, 11.317091, 10.601286, 10.587806 ] }, { "date": "2024-11-15", "close": 11.56, "volume": 298724566, "typical_volume": 126018821.1, "trend": 10.805667, "fair_value": 12.555128, "relative_strength": -14.806222, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.045453, "energy": 29.564919, "activity_lines": [ 11.696, 11.454, 10.723429, 10.637054 ] }, { "date": "2024-11-22", "close": 11.72, "volume": 220739881, "typical_volume": 133220491.15, "trend": 10.791, "fair_value": 12.597949, "relative_strength": -10.516953, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.456712, "energy": 24.512106, "activity_lines": [ 11.679333, 11.582, 10.857429, 10.696043 ] }, { "date": "2024-11-29", "close": 11.95, "volume": 137459746, "typical_volume": 136325056.65, "trend": 10.76, "fair_value": 12.642051, "relative_strength": -9.417311, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.18554, "energy": 35.279404, "activity_lines": [ 11.760667, 11.702909, 11.006952, 10.770817 ] }, { "date": "2024-12-06", "close": 12.89, "volume": 231519748, "typical_volume": 144627282.95, "trend": 10.768667, "fair_value": 12.690256, "relative_strength": -3.522355, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.402097, "energy": 42.205024, "activity_lines": [ 12.158, 11.942909, 11.237857, 10.908237 ] }, { "date": "2024-12-13", "close": 12.82, "volume": 229851982, "typical_volume": 152810638.7, "trend": 10.789333, "fair_value": 12.717179, "relative_strength": -2.925895, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.852882, "energy": 48.105999, "activity_lines": [ 12.434, 12.125818, 11.446667, 11.040581 ] }, { "date": "2024-12-20", "close": 15.72, "volume": 266777694, "typical_volume": 161099809.75, "trend": 10.917, "fair_value": 12.764167, "relative_strength": 19.963984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.113394, "energy": 77.185449, "activity_lines": [ 13.611333, 12.820182, 11.913476, 11.358688 ] }, { "date": "2024-12-27", "close": 13.3, "volume": 299442129, "typical_volume": 170705589.05, "trend": 10.954333, "fair_value": 12.79141, "relative_strength": 1.754374, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.432672, "energy": 66.377582, "activity_lines": [ 13.704667, 12.984727, 12.121857, 11.51243 ] }, { "date": "2025-01-03", "close": 13.19, "volume": 150023828, "typical_volume": 171883565.65, "trend": 11.040667, "fair_value": 12.824551, "relative_strength": 8.849923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.298239, "energy": 58.701309, "activity_lines": [ 13.656, 13.106364, 12.301952, 11.656667 ] }, { "date": "2025-01-10", "close": 11.43, "volume": 214703406, "typical_volume": 180035725.95, "trend": 11.061333, "fair_value": 12.849551, "relative_strength": -4.284096, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.301325, "energy": 35.755438, "activity_lines": [ 12.938, 12.886182, 12.297476, 11.681785 ] }, { "date": "2025-01-17", "close": 11.41, "volume": 94821725, "typical_volume": 181664978.3, "trend": 11.051333, "fair_value": 12.871667, "relative_strength": -7.465701, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.158681, "energy": 18.240446, "activity_lines": [ 12.310667, 12.662182, 12.27981, 11.70428 ] }, { "date": "2025-01-24", "close": 11.48, "volume": 87757049, "typical_volume": 182188517.25, "trend": 11.072333, "fair_value": 12.886154, "relative_strength": -7.750691, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.250232, "energy": 20.010298, "activity_lines": [ 11.800667, 12.458727, 12.258571, 11.731935 ] }, { "date": "2025-01-31", "close": 11.28, "volume": 14555499, "typical_volume": 179981429.8, "trend": 11.102333, "fair_value": 12.877628, "relative_strength": -7.833989, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.850734, "energy": 21.672978, "activity_lines": [ 11.506667, 12.220364, 12.208714, 11.745333 ] }, { "date": "2025-02-07", "close": 12.21, "volume": 75106283, "typical_volume": 182144719.15, "trend": 11.168, "fair_value": 12.879038, "relative_strength": -4.095831, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.732228, "energy": 15.158687, "activity_lines": [ 11.657333, 12.159091, 12.236714, 11.816796 ] }, { "date": "2025-02-14", "close": 12.98, "volume": 176535425, "typical_volume": 184966690.3, "trend": 11.279, "fair_value": 12.853782, "relative_strength": 0.30867, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.612304, "energy": 12.861871, "activity_lines": [ 12.13, 12.233091, 12.323238, 11.933699 ] }, { "date": "2025-02-21", "close": 12.86, "volume": 289375347, "typical_volume": 195965905.25, "trend": 11.407667, "fair_value": 12.825321, "relative_strength": -2.32792, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.611455, "energy": 20.179736, "activity_lines": [ 12.459333, 12.283636, 12.386286, 12.035699 ] }, { "date": "2025-02-28", "close": 11.98, "volume": 134661900, "typical_volume": 192017741.35, "trend": 11.478667, "fair_value": 12.827756, "relative_strength": -5.24768, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.211867, "energy": 18.571841, "activity_lines": [ 12.398667, 12.173455, 12.36119, 12.072624 ] }, { "date": "2025-03-07", "close": 12.08, "volume": 90786555, "typical_volume": 183747410.3, "trend": 11.562667, "fair_value": 12.828141, "relative_strength": -5.966959, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.094974, "energy": 16.987604, "activity_lines": [ 12.338, 12.149455, 12.339905, 12.111419 ] }, { "date": "2025-03-14", "close": 13.07, "volume": 200295529, "typical_volume": 180439992.6, "trend": 11.677333, "fair_value": 12.803462, "relative_strength": 0.86116, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.121999, "energy": 21.382688, "activity_lines": [ 12.554, 12.327636, 12.412714, 12.208667 ] }, { "date": "2025-03-21", "close": 13.24, "volume": 159530592, "typical_volume": 177740511.35, "trend": 11.816667, "fair_value": 12.775833, "relative_strength": 5.092229, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.259153, "energy": 31.791975, "activity_lines": [ 12.769333, 12.538909, 12.496571, 12.309484 ] }, { "date": "2025-03-28", "close": 15.05, "volume": 357901433, "typical_volume": 186528515.85, "trend": 12.009667, "fair_value": 12.745, "relative_strength": 20.118983, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.855251, "energy": 68.478345, "activity_lines": [ 13.570667, 13.046364, 12.744143, 12.518086 ] }, { "date": "2025-04-04", "close": 15.6, "volume": 393847128, "typical_volume": 191284643.95, "trend": 12.214, "fair_value": 12.722756, "relative_strength": 26.810567, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.780509, "energy": 80.353726, "activity_lines": [ 14.409333, 13.587636, 13.02881, 12.74972 ] }, { "date": "2025-04-11", "close": 13.29, "volume": 428083710, "typical_volume": 201651835.4, "trend": 12.356, "fair_value": 12.6725, "relative_strength": 13.571852, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.772994, "energy": 66.075353, "activity_lines": [ 14.236667, 13.634, 13.074238, 12.81914 ] }, { "date": "2025-04-18", "close": 12.85, "volume": 201982045, "typical_volume": 204877950.35, "trend": 12.481, "fair_value": 12.632756, "relative_strength": 10.231554, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.132375, "energy": 51.41386, "activity_lines": [ 13.836667, 13.563818, 13.070286, 12.851011 ] }, { "date": "2025-04-25", "close": 14.6, "volume": 250012674, "typical_volume": 205802596.65, "trend": 12.619333, "fair_value": 12.618526, "relative_strength": 23.161237, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.506531, "energy": 37.395591, "activity_lines": [ 14.034667, 13.800182, 13.228714, 12.98772 ] }, { "date": "2025-05-02", "close": 13.79, "volume": 120433876, "typical_volume": 200331691.35, "trend": 12.680667, "fair_value": 12.601026, "relative_strength": 16.438191, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.384417, "energy": 22.171768, "activity_lines": [ 13.872, 13.859818, 13.301857, 13.063247 ] }, { "date": "2025-05-09", "close": 14.59, "volume": 287219897, "typical_volume": 201353801.5, "trend": 12.807667, "fair_value": 12.593846, "relative_strength": 20.155638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.933286, "energy": 28.814281, "activity_lines": [ 14.06, 14.048, 13.446571, 13.18643 ] }, { "date": "2025-05-16", "close": 14.39, "volume": 173437192, "typical_volume": 195053554.65, "trend": 12.886, "fair_value": 12.605705, "relative_strength": 17.59791, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.466801, "energy": 32.152516, "activity_lines": [ 14.248667, 14.152364, 13.577619, 13.288516 ] }, { "date": "2025-05-23", "close": 13.95, "volume": 180715175, "typical_volume": 196588122.0, "trend": 12.951333, "fair_value": 12.606795, "relative_strength": 14.322435, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.625837, "energy": 28.044799, "activity_lines": [ 14.217333, 14.134727, 13.661571, 13.357161 ] }, { "date": "2025-05-30", "close": 14.29, "volume": 211571621, "typical_volume": 196431532.75, "trend": 13.047, "fair_value": 12.606795, "relative_strength": 17.948458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.800863, "energy": 29.386215, "activity_lines": [ 14.226, 14.162909, 13.774286, 13.443527 ] }, { "date": "2025-06-06", "close": 14.79, "volume": 257860905, "typical_volume": 204583491.75, "trend": 13.145333, "fair_value": 12.598333, "relative_strength": 19.774206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.747425, "energy": 30.384144, "activity_lines": [ 14.422, 14.262909, 13.921, 13.555978 ] }, { "date": "2025-06-13", "close": 16.6, "volume": 698590584, "typical_volume": 235125168.5, "trend": 13.313333, "fair_value": 12.608462, "relative_strength": 34.246038, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.165601, "energy": 48.297853, "activity_lines": [ 15.154667, 14.696727, 14.224, 13.77886 ] }, { "date": "2025-06-20", "close": 16.18, "volume": 601218115, "typical_volume": 264458299.3, "trend": 13.462, "fair_value": 12.624038, "relative_strength": 31.706046, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.304411, "energy": 53.626106, "activity_lines": [ 15.613333, 15.036, 14.462619, 13.963806 ] }, { "date": "2025-06-27", "close": 16.25, "volume": 326023239, "typical_volume": 277004147.1, "trend": 13.605333, "fair_value": 12.647692, "relative_strength": 26.840742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.317107, "energy": 61.835392, "activity_lines": [ 15.976, 15.335455, 14.684571, 14.143677 ] }, { "date": "2025-07-04", "close": 18.49, "volume": 595515219, "typical_volume": 297953136.8, "trend": 13.792, "fair_value": 12.686667, "relative_strength": 41.291611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.241581, "energy": 75.138808, "activity_lines": [ 16.932, 15.980364, 15.100619, 14.458817 ] }, { "date": "2025-07-11", "close": 18.51, "volume": 634148363, "typical_volume": 315191787.6, "trend": 13.981667, "fair_value": 12.725513, "relative_strength": 37.746047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.128556, "energy": 79.400275, "activity_lines": [ 17.614667, 16.558182, 15.492333, 14.763204 ] }, { "date": "2025-07-18", "close": 19.280001, "volume": 520440164, "typical_volume": 334480700.8, "trend": 14.100333, "fair_value": 12.7625, "relative_strength": 39.159482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.575826, "energy": 82.343956, "activity_lines": [ 18.306, 17.190182, 15.930476, 15.105032 ] }, { "date": "2025-07-25", "close": 18.690001, "volume": 377629991, "typical_volume": 348822872.6, "trend": 14.28, "fair_value": 12.795833, "relative_strength": 30.58956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.180451, "energy": 79.705258, "activity_lines": [ 18.622001, 17.629637, 16.277667, 15.40114 ] }, { "date": "2025-08-01", "close": 20.27, "volume": 644736979, "typical_volume": 371044945.1, "trend": 14.516, "fair_value": 12.829615, "relative_strength": 42.427303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.193546, "energy": 80.313013, "activity_lines": [ 19.297334, 18.278182, 16.743857, 15.787592 ] }, { "date": "2025-08-08", "close": 23.74, "volume": 979780678, "typical_volume": 412057449.4, "trend": 14.926333, "fair_value": 12.89109, "relative_strength": 62.35305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.082492, "energy": 77.910927, "activity_lines": [ 20.861334, 19.442728, 17.506238, 16.382688 ] }, { "date": "2025-08-15", "close": 26.059999, "volume": 646069906, "typical_volume": 426465873.05, "trend": 15.414667, "fair_value": 12.960192, "relative_strength": 67.799731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.836718, "energy": 88.730205, "activity_lines": [ 22.848667, 20.857273, 18.439571, 17.100989 ] }, { "date": "2025-08-22", "close": 28.32, "volume": 738532688, "typical_volume": 443700151.05, "trend": 15.976, "fair_value": 13.056987, "relative_strength": 71.373783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.219625, "energy": 92.849483, "activity_lines": [ 25.086, 22.477818, 19.535714, 17.933591 ] }, { "date": "2025-08-29", "close": 26.91, "volume": 540646738, "typical_volume": 449328302.45, "trend": 16.497, "fair_value": 13.148077, "relative_strength": 53.841805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.984862, "energy": 86.957012, "activity_lines": [ 26.250666, 23.628909, 20.437, 18.639011 ] }, { "date": "2025-09-05", "close": 24.93, "volume": 383974945, "typical_volume": 458427947.45, "trend": 16.921, "fair_value": 13.227308, "relative_strength": 42.1004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.880042, "energy": 74.03952, "activity_lines": [ 26.207333, 24.224909, 21.084857, 19.183075 ] }, { "date": "2025-09-12", "close": 25.16, "volume": 309320158, "typical_volume": 461393321.65, "trend": 17.327, "fair_value": 13.312628, "relative_strength": 38.154731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.412715, "energy": 59.443616, "activity_lines": [ 25.93, 24.704909, 21.697095, 19.714624 ] }, { "date": "2025-09-19", "close": 24.139999, "volume": 284103276, "typical_volume": 469576791.65, "trend": 17.703, "fair_value": 13.395897, "relative_strength": 29.790596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.90102, "energy": 49.488333, "activity_lines": [ 25.218, 24.878182, 22.161905, 20.154172 ] }, { "date": "2025-09-26", "close": 20.959999, "volume": 282262971, "typical_volume": 469328945.35, "trend": 18.002333, "fair_value": 13.458269, "relative_strength": 10.783127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.95243, "energy": 28.386983, "activity_lines": [ 23.573999, 24.370909, 22.274571, 20.364301 ] }, { "date": "2025-10-03", "close": 21.33, "volume": 77821096, "typical_volume": 464548140.55, "trend": 18.310667, "fair_value": 13.522949, "relative_strength": 9.442912, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.261503, "energy": 24.279053, "activity_lines": [ 22.544, 23.900363, 22.392143, 20.578989 ] }, { "date": "2025-10-10", "close": 21.110001, "volume": 68810030, "typical_volume": 458952883.3, "trend": 18.578667, "fair_value": 13.591987, "relative_strength": 8.961233, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.213707, "energy": 25.514742, "activity_lines": [ 21.812667, 23.341818, 22.455714, 20.759591 ] }, { "date": "2025-10-17", "close": 21.34, "volume": 263203130, "typical_volume": 461534458.75, "trend": 18.848667, "fair_value": 13.665128, "relative_strength": 15.14113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.142819, "energy": 24.030949, "activity_lines": [ 21.412667, 22.809818, 22.507095, 20.937742 ] }, { "date": "2025-10-24", "close": 20.92, "volume": 213766170, "typical_volume": 459329722.0, "trend": 19.044333, "fair_value": 13.738013, "relative_strength": 7.148662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.031574, "energy": 16.021951, "activity_lines": [ 21.127333, 22.245091, 22.484905, 21.071376 ] }, { "date": "2025-10-31", "close": 21.059999, "volume": 365381228, "typical_volume": 442669254.2, "trend": 19.226333, "fair_value": 13.806923, "relative_strength": 6.476177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.644441, "energy": 13.862753, "activity_lines": [ 21.103333, 21.799273, 22.446857, 21.201419 ] }, { "date": "2025-11-07", "close": 20.469999, "volume": 266699850, "typical_volume": 425943340.95, "trend": 19.465667, "fair_value": 13.871154, "relative_strength": 2.670803, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.597816, "energy": 12.596799, "activity_lines": [ 20.875999, 21.378181, 22.331381, 21.281656 ] }, { "date": "2025-11-14", "close": 20.059999, "volume": 177221620, "typical_volume": 418503260.0, "trend": 19.706, "fair_value": 13.935769, "relative_strength": 1.465495, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.307593, "energy": 16.403828, "activity_lines": [ 20.569333, 20.999636, 22.156428, 21.32 ] }, { "date": "2025-11-21", "close": 17.74, "volume": 138786975, "typical_volume": 395666847.8, "trend": 19.810667, "fair_value": 13.966603, "relative_strength": -5.771257, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.465142, "energy": 50.742558, "activity_lines": [ 19.559333, 20.287818, 21.742381, 21.193161 ] }, { "date": "2025-11-28", "close": 18.379999, "volume": 111788690, "typical_volume": 369548864.15, "trend": 19.963667, "fair_value": 13.995321, "relative_strength": -6.073593, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.386489, "energy": 56.791882, "activity_lines": [ 19.002666, 19.827272, 21.392857, 21.10086 ] }, { "date": "2025-12-05", "close": 18.9, "volume": 112386226, "typical_volume": 349146167.25, "trend": 20.107333, "fair_value": 14.017756, "relative_strength": -4.912953, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.529734, "energy": 57.23614, "activity_lines": [ 18.788666, 19.566, 21.093476, 21.032236 ] }, { "date": "2025-12-12", "close": 19.07, "volume": 124582967, "typical_volume": 336493816.05, "trend": 20.263333, "fair_value": 14.034551, "relative_strength": -5.149969, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.553932, "energy": 60.380582, "activity_lines": [ 18.775333, 19.373091, 20.812095, 20.965312 ] }, { "date": "2025-12-19", "close": 18.139999, "volume": 94994498, "typical_volume": 309006692.0, "trend": 20.403, "fair_value": 14.029359, "relative_strength": -8.853547, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.99381, "energy": 55.7891, "activity_lines": [ 18.545333, 19.052181, 20.440333, 20.828322 ] }, { "date": "2025-12-26", "close": 18.73, "volume": 154738282, "typical_volume": 267754572.2, "trend": 20.551, "fair_value": 14.025064, "relative_strength": -9.245559, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -32.155344, "energy": 47.977769, "activity_lines": [ 18.64, 18.892545, 20.134904, 20.720387 ] }, { "date": "2026-01-02", "close": 17.9, "volume": 61450306, "typical_volume": 238523592.2, "trend": 20.654667, "fair_value": 13.993974, "relative_strength": -12.751253, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.41496, "energy": 59.071381, "activity_lines": [ 18.392, 18.629454, 19.774285, 20.549355 ] }, { "date": "2026-01-09", "close": 19.790001, "volume": 213762094, "typical_volume": 212285062.5, "trend": 20.761, "fair_value": 13.973526, "relative_strength": -7.878696, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.670646, "energy": 36.169223, "activity_lines": [ 18.806, 18.764909, 19.632524, 20.49357 ] }, { "date": "2026-01-16", "close": 20.9, "volume": 380755946, "typical_volume": 204290522.9, "trend": 20.918333, "fair_value": 13.994808, "relative_strength": -4.22037, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.080316, "energy": 18.970097, "activity_lines": [ 19.530667, 19.125273, 19.637095, 20.502537 ] }, { "date": "2026-01-23", "close": 20.120001, "volume": 148890891, "typical_volume": 192536320.2, "trend": 21.047333, "fair_value": 13.99891, "relative_strength": -9.125535, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.080451, "energy": 21.708751, "activity_lines": [ 19.873334, 19.336, 19.596, 20.451032 ] }, { "date": "2026-01-30", "close": 18.91, "volume": 173992100, "typical_volume": 185769917.3, "trend": 21.061333, "fair_value": 14.008269, "relative_strength": -13.424563, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.067717, "energy": 25.549157, "activity_lines": [ 19.680667, 19.325637, 19.462571, 20.31314 ] }, { "date": "2026-02-06", "close": 18.65, "volume": 111068657, "typical_volume": 177118186.35, "trend": 21.066, "fair_value": 14.031218, "relative_strength": -12.981195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.225827, "energy": 22.859185, "activity_lines": [ 19.389334, 19.246727, 19.334143, 20.15757 ] }, { "date": "2026-02-13", "close": 18.299999, "volume": 82688266, "typical_volume": 167139451.1, "trend": 21.033333, "fair_value": 14.060256, "relative_strength": -15.880625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.336814, "energy": 35.21058, "activity_lines": [ 18.931333, 19.099273, 19.198524, 19.979118 ] }, { "date": "2026-02-27", "close": 18.34, "volume": 65237698, "typical_volume": 166510281.2, "trend": 21.021666, "fair_value": 14.095705, "relative_strength": -18.090724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.420374, "energy": 51.060909, "activity_lines": [ 18.586, 18.97, 19.079381, 19.805355 ] }, { "date": "2026-03-06", "close": 17.200001, "volume": 117174569, "typical_volume": 168928508.15, "trend": 20.919333, "fair_value": 14.114872, "relative_strength": -21.517028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.777045, "energy": 67.35511, "activity_lines": [ 18.031333, 18.646727, 18.865905, 19.558796 ] }, { "date": "2026-03-13", "close": 17.690001, "volume": 105398967, "typical_volume": 161038300.0, "trend": 20.717667, "fair_value": 14.142436, "relative_strength": -20.016531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.934597, "energy": 63.300889, "activity_lines": [ 17.834667, 18.429637, 18.717714, 19.350452 ] }, { "date": "2026-03-20", "close": 18.059999, "volume": 150350669, "typical_volume": 157867524.95, "trend": 20.451, "fair_value": 14.174808, "relative_strength": -16.01892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.443868, "energy": 50.685004, "activity_lines": [ 17.842667, 18.298727, 18.622143, 19.178989 ] }, { "date": "2026-03-27", "close": 18.799999, "volume": 138455406, "typical_volume": 146521233.85, "trend": 20.133667, "fair_value": 14.21641, "relative_strength": -12.044443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.631921, "energy": 35.461926, "activity_lines": [ 18.136666, 18.299454, 18.610667, 19.072473 ] }, { "date": "2026-04-03", "close": 19.42, "volume": 299450708, "typical_volume": 148158776.75, "trend": 19.884, "fair_value": 14.266218, "relative_strength": -6.412431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.261244, "energy": 14.985172, "activity_lines": [ 18.604, 18.430909, 18.669, 19.02643 ] }, { "date": "2026-04-10", "close": 21.530001, "volume": 267168515, "typical_volume": 152656121.5, "trend": 19.770667, "fair_value": 14.331346, "relative_strength": -3.179572, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.869091, "energy": 17.790883, "activity_lines": [ 19.702667, 18.972909, 18.933286, 19.132624 ] }, { "date": "2026-04-17", "close": 21.25, "volume": 253992796, "typical_volume": 158416412.55, "trend": 19.640333, "fair_value": 14.396538, "relative_strength": -8.222757, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.702941, "energy": 33.82333, "activity_lines": [ 20.419333, 19.438364, 19.163905, 19.228064 ] }, { "date": "2026-04-24", "close": 21.74, "volume": 250090507, "typical_volume": 165331503.4, "trend": 19.560333, "fair_value": 14.463526, "relative_strength": -6.614678, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.565136, "energy": 58.552996, "activity_lines": [ 21.062, 19.950364, 19.424476, 19.363527 ] }, { "date": "2026-05-01", "close": 20.74, "volume": 194175587, "typical_volume": 169420971.45, "trend": 19.553, "fair_value": 14.526795, "relative_strength": -11.78831, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.621615, "energy": 57.438202, "activity_lines": [ 21.126, 20.224364, 19.57381, 19.439634 ] }, { "date": "2026-05-08", "close": 20.440001, "volume": 127442655, "typical_volume": 169563955.85, "trend": 19.523333, "fair_value": 14.591795, "relative_strength": -15.529637, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.54382, "energy": 49.556284, "activity_lines": [ 20.960667, 20.399455, 19.68581, 19.49686 ] }, { "date": "2026-05-15", "close": 23.360001, "volume": 348627515, "typical_volume": 182245606.7, "trend": 19.598333, "fair_value": 14.667756, "relative_strength": -3.519481, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.502005, "energy": 63.880948, "activity_lines": [ 21.700667, 21.067273, 20.069381, 19.744387 ] }, { "date": "2026-05-22", "close": 24.549999, "volume": 311769113, "typical_volume": 190097148.25, "trend": 19.705333, "fair_value": 14.755769, "relative_strength": 0.961696, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.223948, "energy": 70.042921, "activity_lines": [ 22.715333, 21.839455, 20.541429, 20.06385 ] }, { "date": "2026-05-29", "close": 23.110001, "volume": 244655329, "typical_volume": 199257399.4, "trend": 19.778333, "fair_value": 14.838782, "relative_strength": -4.950465, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.400688, "energy": 61.074388, "activity_lines": [ 23.03, 22.225091, 20.848619, 20.283506 ] }, { "date": "2026-06-05", "close": 21.469999, "volume": 57355246, "typical_volume": 191437057.0, "trend": 19.792, "fair_value": 14.90609, "relative_strength": -10.170457, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.130156, "energy": 54.063563, "activity_lines": [ 22.706667, 22.220727, 20.97481, 20.392645 ] }, { "date": "2026-06-12", "close": 21.860001, "volume": 37855935, "typical_volume": 174292056.45, "trend": 19.838333, "fair_value": 14.964231, "relative_strength": -6.401397, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.047175, "energy": 39.850021, "activity_lines": [ 22.464667, 22.238728, 21.130143, 20.526065 ] }, { "date": "2026-06-19", "close": 22.0, "volume": 139804109, "typical_volume": 173837717.35, "trend": 19.903, "fair_value": 15.028782, "relative_strength": -11.782595, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.806774, "energy": 25.295838, "activity_lines": [ 22.174667, 22.237818, 21.294238, 20.665527 ] }, { "date": "2026-06-26", "close": 19.77, "volume": 46225413, "typical_volume": 167449383.0, "trend": 19.970667, "fair_value": 15.080256, "relative_strength": -19.112013, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.181995, "energy": 16.922061, "activity_lines": [ 21.232, 21.822909, 21.237, 20.656946 ] }, { "date": "2026-07-03", "close": 24.98, "volume": 85208411, "typical_volume": 166156370.7, "trend": 20.190667, "fair_value": 15.165897, "relative_strength": 3.368816, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.913286, "energy": 28.711637, "activity_lines": [ 22.344667, 22.382182, 21.671857, 20.980129 ] }, { "date": "2026-07-10", "close": 25.440001, "volume": 365216728, "typical_volume": 180282793.8, "trend": 20.408667, "fair_value": 15.261987, "relative_strength": 9.219413, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.615744, "energy": 42.127475, "activity_lines": [ 23.486, 22.966182, 22.120381, 21.318796 ] }, { "date": "2026-07-17", "close": 21.440001, "volume": 369583059, "typical_volume": 195500061.85, "trend": 20.487667, "fair_value": 15.334167, "relative_strength": 1.252968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.660171, "energy": 29.557365, "activity_lines": [ 23.029334, 22.737455, 22.153953, 21.385334 ] }, { "date": "2026-07-24", "close": 19.889999, "volume": 223061157, "typical_volume": 200794391.25, "trend": 20.546, "fair_value": 15.395449, "relative_strength": -6.15255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.535687, "energy": 17.20118, "activity_lines": [ 22.084, 22.208727, 22.025143, 21.346774 ] }, { "date": "2026-07-31", "close": 21.1, "volume": 213013188, "typical_volume": 206175102.3, "trend": 20.625, "fair_value": 15.465577, "relative_strength": 1.143041, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.662148, "energy": 7.967969, "activity_lines": [ 21.682667, 21.963091, 21.998762, 21.382516 ] }, { "date": "2026-08-07", "close": 24.379999, "volume": 238426789, "typical_volume": 210578908.3, "trend": 20.841, "fair_value": 15.55641, "relative_strength": 11.082975, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.520732, "energy": 20.672489, "activity_lines": [ 22.286, 22.376545, 22.268524, 21.624774 ] } ], "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." } } }