{ "ticker": { "uuid": "c86705bc-99bc-4cf3-a59f-f1485090f2c8", "symbol": "3521", "name": "TSG Development Co., Ltd.", "exchange": "TWO", "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": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "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": -54.838, "architecture_energy": 39.917, "architecture_maturity": 28.633, "architecture_confidence": 90.183, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 20.0, "rotation_up": 22.33, "upward_expansion": 8.11, "deceleration": 43.82, "rotation_down": 55.3, "downward_expansion": 81.45 }, "activity_lines": [ 12.26, 12.43, 12.649524, 13.026989 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.666667 }, "latest_close": 12.25, "trend_reference": 13.576667, "distance_from_trend": -0.097717, "trend_direction": "Weakening", "fair_value": 16.339423, "distance_from_fair_value": -0.25028, "fair_value_direction": "Weakening", "relative_strength": -34.126292, "relative_strength_direction": "Weakening", "price_momentum": -0.255319, "excess_performance": -0.696691, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.097717, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.027576, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.25028, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.007239, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.341263, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.015979, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.255319, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.722339, "read": "Demand-led" } ], "volume": { "latest": 81084, "relative_activity": 0.162737, "balance": 1.722339, "dry_up": 0.430072, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.080377, "annualized_volatility": 0.350721, "from_high_reference": -0.297994, "from_low_reference": 0.108597 }, "levels": { "trend_reference": 13.576667, "fair_value_reference": 16.339423, "structural_low": 11.8, "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": 27, "median_return": -0.012448, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.001143, "regime_survival": 0.814815, "best_return": 0.35443, "worst_return": -0.233146, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.012212, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.019194, "regime_survival": 0.5, "best_return": 0.412017, "worst_return": -0.262195, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.099182, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.031708, "regime_survival": 0.166667, "best_return": 0.337398, "worst_return": -0.25, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.084917, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.348563, "regime_survival": 0.5, "best_return": 0.331915, "worst_return": -0.42132, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-08", "end": "2024-04-05", "tenure": "Developing", "return": 0.188482, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-12", "end": "2024-04-26", "tenure": "New", "return": -0.030162, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-03", "end": "2024-06-07", "tenure": "Developing", "return": -0.083333, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-14", "end": "2024-06-21", "tenure": "New", "return": 0.119891, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-12-06", "tenure": "Established", "return": 0.086294, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-13", "end": "2025-01-03", "tenure": "New", "return": -0.018325, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": -0.031977, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-11-21", "tenure": "Extended", "return": -0.280488, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.021127, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-03-20", "tenure": "Established", "return": -0.062305, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-08", "tenure": "Developing", "return": -0.01083, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.003817, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": 0.03719, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-14", "tenure": "Developing", "return": -0.031621, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 21.950001, "volume": 1750000, "typical_volume": 3241950.0, "trend": 23.31, "fair_value": 16.652179, "relative_strength": -14.172681, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.416625, "energy": 10.859122, "activity_lines": [ 23.373334, 23.987273, 23.987381, 23.742473 ] }, { "date": "2023-08-18", "close": 22.299999, "volume": 817000, "typical_volume": 3006250.0, "trend": 23.376667, "fair_value": 16.718205, "relative_strength": -11.893337, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.184805, "energy": 23.313415, "activity_lines": [ 22.846667, 23.647273, 23.827143, 23.677312 ] }, { "date": "2023-08-25", "close": 24.200001, "volume": 1651000, "typical_volume": 3024750.0, "trend": 23.423333, "fair_value": 16.799936, "relative_strength": -5.184522, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.632291, "energy": 15.012528, "activity_lines": [ 23.133334, 23.7, 23.854286, 23.73043 ] }, { "date": "2023-09-01", "close": 24.4, "volume": 1074000, "typical_volume": 2908450.0, "trend": 23.51, "fair_value": 16.885833, "relative_strength": -5.527055, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.61686, "energy": 13.745711, "activity_lines": [ 23.54, 23.767273, 23.9, 23.793441 ] }, { "date": "2023-09-08", "close": 22.9, "volume": 1465000, "typical_volume": 2806850.0, "trend": 23.52, "fair_value": 16.964038, "relative_strength": -10.915074, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.689932, "energy": 7.602997, "activity_lines": [ 23.416667, 23.554546, 23.807381, 23.754086 ] }, { "date": "2023-09-15", "close": 22.299999, "volume": 897000, "typical_volume": 2773100.0, "trend": 23.471667, "fair_value": 17.036795, "relative_strength": -14.531912, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.146804, "energy": 12.626554, "activity_lines": [ 23.133333, 23.238182, 23.663333, 23.675376 ] }, { "date": "2023-09-22", "close": 22.9, "volume": 1090000, "typical_volume": 2778300.0, "trend": 23.476667, "fair_value": 17.113718, "relative_strength": -8.72669, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.683283, "energy": 13.469023, "activity_lines": [ 23.026666, 23.12, 23.580476, 23.638495 ] }, { "date": "2023-09-29", "close": 21.700001, "volume": 543000, "typical_volume": 2729050.0, "trend": 23.478333, "fair_value": 17.185192, "relative_strength": -12.888669, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.170063, "energy": 38.583033, "activity_lines": [ 22.48, 22.821818, 23.387857, 23.523871 ] }, { "date": "2023-10-06", "close": 19.1, "volume": 3970000, "typical_volume": 2858200.0, "trend": 23.44, "fair_value": 17.240321, "relative_strength": -23.330241, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -80.900262, "energy": 72.833159, "activity_lines": [ 21.233333, 22.110909, 22.955238, 23.241398 ] }, { "date": "2023-10-13", "close": 17.799999, "volume": 804000, "typical_volume": 2806450.0, "trend": 23.313333, "fair_value": 17.290641, "relative_strength": -28.804832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.318358, "energy": 87.250259, "activity_lines": [ 19.906666, 21.251818, 22.418095, 22.877527 ] }, { "date": "2023-10-20", "close": 16.700001, "volume": 2823000, "typical_volume": 2865200.0, "trend": 23.131667, "fair_value": 17.33391, "relative_strength": -31.045087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.281731, "energy": 93.976638, "activity_lines": [ 18.553334, 20.296364, 21.802857, 22.45086 ] }, { "date": "2023-10-27", "close": 15.9, "volume": 671000, "typical_volume": 2645350.0, "trend": 22.873333, "fair_value": 17.37141, "relative_strength": -32.266947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.512608, "energy": 94.605213, "activity_lines": [ 17.306667, 19.290909, 21.145714, 21.984301 ] }, { "date": "2023-11-03", "close": 14.6, "volume": 1302000, "typical_volume": 2551750.0, "trend": 22.556667, "fair_value": 17.400256, "relative_strength": -38.370202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.921039, "energy": 94.829328, "activity_lines": [ 16.093333, 18.165455, 20.407619, 21.450538 ] }, { "date": "2023-11-10", "close": 13.65, "volume": 1381000, "typical_volume": 2546000.0, "trend": 22.166667, "fair_value": 17.423333, "relative_strength": -42.173387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.740383, "energy": 94.927353, "activity_lines": [ 15.036667, 17.041818, 19.619048, 20.875914 ] }, { "date": "2023-11-17", "close": 19.1, "volume": 4976000, "typical_volume": 2757650.0, "trend": 22.0, "fair_value": 17.481795, "relative_strength": -20.814107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.954071, "energy": 64.867094, "activity_lines": [ 16.16, 17.104546, 19.39881, 20.678065 ] }, { "date": "2023-11-24", "close": 21.0, "volume": 7192000, "typical_volume": 2667550.0, "trend": 21.928333, "fair_value": 17.552564, "relative_strength": -12.801819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.507897, "energy": 41.888413, "activity_lines": [ 17.83, 17.581818, 19.379048, 20.613548 ] }, { "date": "2023-12-01", "close": 18.1, "volume": 2633000, "typical_volume": 2213250.0, "trend": 21.736667, "fair_value": 17.603526, "relative_strength": -24.900441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.82189, "energy": 28.124779, "activity_lines": [ 18.246667, 17.555455, 19.112619, 20.366559 ] }, { "date": "2023-12-08", "close": 18.200001, "volume": 1121000, "typical_volume": 2025650.0, "trend": 21.566667, "fair_value": 17.655128, "relative_strength": -23.644277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.671447, "energy": 30.159115, "activity_lines": [ 18.55, 17.634546, 18.888572, 20.138387 ] }, { "date": "2023-12-15", "close": 17.9, "volume": 869000, "typical_volume": 1938000.0, "trend": 21.391667, "fair_value": 17.691987, "relative_strength": -25.548322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.840869, "energy": 24.841352, "activity_lines": [ 18.513334, 17.722727, 18.668333, 19.901828 ] }, { "date": "2023-12-22", "close": 21.5, "volume": 5729000, "typical_volume": 2137900.0, "trend": 21.328333, "fair_value": 17.75, "relative_strength": -9.77857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.297327, "energy": 12.686461, "activity_lines": [ 19.393334, 18.487273, 18.819762, 19.908817 ] }, { "date": "2023-12-29", "close": 19.299999, "volume": 8944000, "typical_volume": 2497600.0, "trend": 21.175, "fair_value": 17.783333, "relative_strength": -19.867053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.71365, "energy": 12.332553, "activity_lines": [ 19.38, 18.784545, 18.77119, 19.777957 ] }, { "date": "2024-01-05", "close": 19.5, "volume": 1160000, "typical_volume": 2514750.0, "trend": 20.995, "fair_value": 17.814744, "relative_strength": -16.596665, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.498388, "energy": 13.013738, "activity_lines": [ 19.546666, 19.070909, 18.754286, 19.669893 ] }, { "date": "2024-01-12", "close": 20.6, "volume": 4039000, "typical_volume": 2634150.0, "trend": 20.915, "fair_value": 17.854487, "relative_strength": -11.407774, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.022006, "energy": 12.861113, "activity_lines": [ 19.986666, 19.491818, 18.855476, 19.644409 ] }, { "date": "2024-01-19", "close": 21.450001, "volume": 1325020, "typical_volume": 2646701.0, "trend": 20.83, "fair_value": 17.904487, "relative_strength": -8.425097, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.777377, "energy": 12.904659, "activity_lines": [ 20.55, 19.958182, 19.054762, 19.678925 ] }, { "date": "2024-01-26", "close": 23.200001, "volume": 9098000, "typical_volume": 3028351.0, "trend": 20.83, "fair_value": 17.942949, "relative_strength": -2.342725, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.145353, "energy": 41.128849, "activity_lines": [ 21.460001, 20.600909, 19.434762, 19.831828 ] }, { "date": "2024-02-02", "close": 22.200001, "volume": 2885000, "typical_volume": 3127751.0, "trend": 20.663334, "fair_value": 17.967628, "relative_strength": -6.659538, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.814172, "energy": 42.405808, "activity_lines": [ 21.923334, 20.987273, 19.718096, 19.920215 ] }, { "date": "2024-02-09", "close": 21.700001, "volume": 499000, "typical_volume": 3098201.0, "trend": 20.553334, "fair_value": 18.0, "relative_strength": -8.609311, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.516399, "energy": 38.760042, "activity_lines": [ 22.026668, 21.26091, 19.954286, 19.987097 ] }, { "date": "2024-02-16", "close": 22.0, "volume": 912000, "typical_volume": 3116651.0, "trend": 20.453334, "fair_value": 18.039744, "relative_strength": -9.424058, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.411079, "energy": 41.342354, "activity_lines": [ 22.083334, 21.523637, 20.224762, 20.08043 ] }, { "date": "2024-02-23", "close": 21.450001, "volume": 1696000, "typical_volume": 3002951.0, "trend": 20.37, "fair_value": 18.06859, "relative_strength": -12.579245, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.864483, "energy": 27.929649, "activity_lines": [ 21.863334, 21.617273, 20.441429, 20.144731 ] }, { "date": "2024-03-01", "close": 20.700001, "volume": 3358000, "typical_volume": 3130651.0, "trend": 20.276667, "fair_value": 18.086538, "relative_strength": -15.47637, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 12.352697, "energy": 13.483128, "activity_lines": [ 21.393334, 21.510001, 20.575477, 20.166022 ] }, { "date": "2024-03-08", "close": 19.1, "volume": 2120000, "typical_volume": 3095501.0, "trend": 20.181667, "fair_value": 18.095833, "relative_strength": -24.97973, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -7.554232, "energy": 9.705973, "activity_lines": [ 20.556667, 21.126364, 20.543334, 20.090108 ] }, { "date": "2024-03-15", "close": 21.1, "volume": 6923000, "typical_volume": 3408101.0, "trend": 20.141667, "fair_value": 18.118269, "relative_strength": -16.283689, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.71777, "energy": 16.484579, "activity_lines": [ 20.593334, 21.110001, 20.690239, 20.149355 ] }, { "date": "2024-03-22", "close": 20.799999, "volume": 605000, "typical_volume": 3373251.0, "trend": 20.028333, "fair_value": 18.140064, "relative_strength": -19.260403, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.663661, "energy": 16.730094, "activity_lines": [ 20.57, 21.01, 20.78381, 20.191828 ] }, { "date": "2024-03-29", "close": 21.35, "volume": 1704000, "typical_volume": 3389401.0, "trend": 19.926667, "fair_value": 18.16859, "relative_strength": -16.844569, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.371035, "energy": 16.566859, "activity_lines": [ 20.81, 21.006364, 20.900238, 20.277097 ] }, { "date": "2024-04-05", "close": 22.700001, "volume": 3635000, "typical_volume": 3322351.0, "trend": 19.92, "fair_value": 18.205769, "relative_strength": -11.226698, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 57.704174, "energy": 32.125448, "activity_lines": [ 21.506667, 21.25, 21.108572, 20.456022 ] }, { "date": "2024-04-12", "close": 21.549999, "volume": 2932000, "typical_volume": 3109351.0, "trend": 19.895, "fair_value": 18.240385, "relative_strength": -16.641496, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.20547, "energy": 36.159512, "activity_lines": [ 21.686666, 21.293636, 21.190238, 20.561183 ] }, { "date": "2024-04-19", "close": 20.549999, "volume": 1132000, "typical_volume": 3034301.0, "trend": 19.816667, "fair_value": 18.266026, "relative_strength": -14.94045, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.002167, "energy": 22.719832, "activity_lines": [ 21.37, 21.167273, 21.174048, 20.603441 ] }, { "date": "2024-04-26", "close": 20.9, "volume": 2099000, "typical_volume": 3083201.0, "trend": 19.79, "fair_value": 18.302244, "relative_strength": -15.455338, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.693502, "energy": 18.362506, "activity_lines": [ 21.206666, 21.125454, 21.179524, 20.673333 ] }, { "date": "2024-05-03", "close": 21.0, "volume": 898000, "typical_volume": 3084651.0, "trend": 19.853333, "fair_value": 18.339103, "relative_strength": -15.273231, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.165003, "energy": 9.764765, "activity_lines": [ 21.07, 21.121818, 21.181667, 20.751398 ] }, { "date": "2024-05-10", "close": 20.549999, "volume": 1486000, "typical_volume": 2872501.0, "trend": 19.945, "fair_value": 18.37468, "relative_strength": -17.943284, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.645101, "energy": 9.126095, "activity_lines": [ 20.806666, 21.044545, 21.12619, 20.796344 ] }, { "date": "2024-05-17", "close": 19.65, "volume": 917000, "typical_volume": 2471151.0, "trend": 20.043333, "fair_value": 18.414423, "relative_strength": -22.944525, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.793542, "energy": 7.726767, "activity_lines": [ 20.386666, 20.806363, 20.989524, 20.777312 ] }, { "date": "2024-05-24", "close": 19.85, "volume": 909000, "typical_volume": 2458601.0, "trend": 20.175, "fair_value": 18.461859, "relative_strength": -22.651244, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.821986, "energy": 18.16189, "activity_lines": [ 20.16, 20.594545, 20.870238, 20.764839 ] }, { "date": "2024-05-31", "close": 19.799999, "volume": 899000, "typical_volume": 2301601.0, "trend": 20.348333, "fair_value": 18.511538, "relative_strength": -20.786713, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.553917, "energy": 25.518128, "activity_lines": [ 19.963333, 20.396363, 20.744524, 20.740645 ] }, { "date": "2024-06-07", "close": 19.25, "volume": 709000, "typical_volume": 2270800.0, "trend": 20.535, "fair_value": 18.557051, "relative_strength": -24.66874, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.756952, "energy": 40.662167, "activity_lines": [ 19.656666, 20.116363, 20.570238, 20.669785 ] }, { "date": "2024-06-14", "close": 18.35, "volume": 1064000, "typical_volume": 1869100.0, "trend": 20.51, "fair_value": 18.589103, "relative_strength": -29.657241, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.811079, "energy": 55.570523, "activity_lines": [ 19.166666, 19.710909, 20.320714, 20.528817 ] }, { "date": "2024-06-21", "close": 20.549999, "volume": 2497000, "typical_volume": 1849700.0, "trend": 20.495, "fair_value": 18.636859, "relative_strength": -23.107682, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.848009, "energy": 32.900095, "activity_lines": [ 19.556666, 19.784545, 20.303809, 20.531398 ] }, { "date": "2024-06-28", "close": 19.700001, "volume": 998000, "typical_volume": 1874650.0, "trend": 20.548333, "fair_value": 18.683013, "relative_strength": -24.932029, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.625282, "energy": 35.376562, "activity_lines": [ 19.603333, 19.721818, 20.213809, 20.480107 ] }, { "date": "2024-07-05", "close": 20.5, "volume": 1627000, "typical_volume": 1910400.0, "trend": 20.625, "fair_value": 18.735577, "relative_strength": -22.627271, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.195298, "energy": 18.122597, "activity_lines": [ 19.926667, 19.82, 20.209524, 20.476989 ] }, { "date": "2024-07-12", "close": 19.799999, "volume": 924000, "typical_volume": 1871800.0, "trend": 20.688333, "fair_value": 18.785577, "relative_strength": -25.608385, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.050656, "energy": 16.962204, "activity_lines": [ 19.97, 19.798182, 20.145714, 20.423763 ] }, { "date": "2024-07-19", "close": 19.299999, "volume": 1874000, "typical_volume": 1797600.0, "trend": 20.615, "fair_value": 18.833654, "relative_strength": -23.33838, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.425946, "energy": 18.252167, "activity_lines": [ 19.809999, 19.707272, 20.042143, 20.334193 ] }, { "date": "2024-07-26", "close": 18.700001, "volume": 405000, "typical_volume": 1711850.0, "trend": 20.595, "fair_value": 18.878205, "relative_strength": -22.472182, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.086729, "energy": 29.229936, "activity_lines": [ 19.386667, 19.53, 19.888095, 20.210645 ] }, { "date": "2024-08-02", "close": 19.25, "volume": 644000, "typical_volume": 1397900.0, "trend": 20.586667, "fair_value": 18.922756, "relative_strength": -17.683542, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.379811, "energy": 37.013189, "activity_lines": [ 19.27, 19.47, 19.788333, 20.123871 ] }, { "date": "2024-08-09", "close": 18.35, "volume": 1071000, "typical_volume": 1421200.0, "trend": 20.511667, "fair_value": 18.963782, "relative_strength": -20.250728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.712147, "energy": 49.622457, "activity_lines": [ 18.883333, 19.257273, 19.611666, 19.97957 ] }, { "date": "2024-08-16", "close": 18.0, "volume": 480000, "typical_volume": 1360000.0, "trend": 20.396667, "fair_value": 19.000641, "relative_strength": -24.096072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.003918, "energy": 59.392219, "activity_lines": [ 18.523333, 19.007273, 19.413333, 19.817527 ] }, { "date": "2024-08-23", "close": 17.700001, "volume": 607000, "typical_volume": 1208600.0, "trend": 20.213333, "fair_value": 19.040385, "relative_strength": -23.792109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.048332, "energy": 61.438039, "activity_lines": [ 18.183334, 18.725455, 19.202381, 19.643548 ] }, { "date": "2024-08-30", "close": 17.299999, "volume": 497000, "typical_volume": 1086850.0, "trend": 20.05, "fair_value": 19.082051, "relative_strength": -24.933486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.634699, "energy": 67.579025, "activity_lines": [ 17.816667, 18.382727, 18.977143, 19.455591 ] }, { "date": "2024-09-06", "close": 16.85, "volume": 663000, "typical_volume": 1063400.0, "trend": 19.888333, "fair_value": 19.120513, "relative_strength": -23.19536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.201925, "energy": 70.357084, "activity_lines": [ 17.393333, 18.017273, 18.729286, 19.24914 ] }, { "date": "2024-09-13", "close": 16.950001, "volume": 1421000, "typical_volume": 1029500.0, "trend": 19.72, "fair_value": 19.158654, "relative_strength": -23.113014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.752992, "energy": 64.324406, "activity_lines": [ 17.163334, 17.721818, 18.508571, 19.05957 ] }, { "date": "2024-09-20", "close": 18.35, "volume": 2527000, "typical_volume": 1110950.0, "trend": 19.616667, "fair_value": 19.20641, "relative_strength": -17.365366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.558618, "energy": 43.85082, "activity_lines": [ 17.493334, 17.745455, 18.44, 18.971183 ] }, { "date": "2024-09-27", "close": 19.0, "volume": 1404000, "typical_volume": 1106850.0, "trend": 19.56, "fair_value": 19.258974, "relative_strength": -16.129443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.783072, "energy": 26.795176, "activity_lines": [ 18.016667, 17.913637, 18.445952, 18.931398 ] }, { "date": "2024-10-04", "close": 17.85, "volume": 415000, "typical_volume": 1081750.0, "trend": 19.518333, "fair_value": 19.303205, "relative_strength": -18.808764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.959984, "energy": 20.629852, "activity_lines": [ 18.07, 17.878182, 18.349762, 18.821075 ] }, { "date": "2024-10-11", "close": 17.049999, "volume": 761000, "typical_volume": 1074350.0, "trend": 19.383333, "fair_value": 19.342949, "relative_strength": -24.007086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.956181, "energy": 23.20361, "activity_lines": [ 17.82, 17.712727, 18.185952, 18.661828 ] }, { "date": "2024-10-18", "close": 18.0, "volume": 1102000, "typical_volume": 1084500.0, "trend": 19.29, "fair_value": 19.388141, "relative_strength": -21.388396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.618523, "energy": 19.378777, "activity_lines": [ 17.873333, 17.76, 18.125952, 18.572581 ] }, { "date": "2024-10-25", "close": 17.950001, "volume": 362000, "typical_volume": 1067150.0, "trend": 19.176667, "fair_value": 19.433333, "relative_strength": -20.802164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.833444, "energy": 23.207259, "activity_lines": [ 17.84, 17.804546, 18.069762, 18.486129 ] }, { "date": "2024-11-01", "close": 17.15, "volume": 383000, "typical_volume": 1033100.0, "trend": 18.991667, "fair_value": 19.464103, "relative_strength": -22.24123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.496278, "energy": 32.222146, "activity_lines": [ 17.566667, 17.704546, 17.943571, 18.355376 ] }, { "date": "2024-11-08", "close": 16.950001, "volume": 428000, "typical_volume": 929650.0, "trend": 18.838333, "fair_value": 19.479487, "relative_strength": -25.526998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.163292, "energy": 35.000455, "activity_lines": [ 17.35, 17.578182, 17.804048, 18.223656 ] }, { "date": "2024-11-15", "close": 17.450001, "volume": 656000, "typical_volume": 912550.0, "trend": 18.735, "fair_value": 19.513141, "relative_strength": -20.050588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.973413, "energy": 31.443136, "activity_lines": [ 17.360001, 17.549091, 17.729286, 18.134086 ] }, { "date": "2024-11-22", "close": 17.6, "volume": 4049373, "typical_volume": 1033668.65, "trend": 18.625, "fair_value": 19.552885, "relative_strength": -19.209519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.124405, "energy": 28.135865, "activity_lines": [ 17.393334, 17.536364, 17.679524, 18.06086 ] }, { "date": "2024-11-29", "close": 19.5, "volume": 3489000, "typical_volume": 1161918.65, "trend": 18.575, "fair_value": 19.59968, "relative_strength": -7.604517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.700705, "energy": 3.308229, "activity_lines": [ 18.086667, 17.857273, 17.824524, 18.117312 ] }, { "date": "2024-12-06", "close": 21.4, "volume": 2456000, "typical_volume": 1191018.65, "trend": 18.603333, "fair_value": 19.659936, "relative_strength": -2.425137, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.368004, "energy": 31.735484, "activity_lines": [ 19.31, 18.502728, 18.151905, 18.29957 ] }, { "date": "2024-12-13", "close": 19.1, "volume": 6335000, "typical_volume": 1487518.65, "trend": 18.585, "fair_value": 19.705449, "relative_strength": -11.930545, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.982004, "energy": 28.397037, "activity_lines": [ 19.483333, 18.686364, 18.250238, 18.331613 ] }, { "date": "2024-12-20", "close": 19.049999, "volume": 517000, "typical_volume": 1481168.65, "trend": 18.558333, "fair_value": 19.740705, "relative_strength": -9.476142, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.716279, "energy": 35.733725, "activity_lines": [ 19.496666, 18.838182, 18.341905, 18.361613 ] }, { "date": "2024-12-27", "close": 19.15, "volume": 1033000, "typical_volume": 1479268.65, "trend": 18.536667, "fair_value": 19.774038, "relative_strength": -11.531953, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.360431, "energy": 41.683228, "activity_lines": [ 19.436666, 18.971818, 18.444048, 18.399785 ] }, { "date": "2025-01-03", "close": 18.75, "volume": 317000, "typical_volume": 1471118.65, "trend": 18.52, "fair_value": 19.805449, "relative_strength": -11.451325, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.689546, "energy": 14.416996, "activity_lines": [ 19.14, 19.011818, 18.504286, 18.413548 ] }, { "date": "2025-01-10", "close": 17.200001, "volume": 951000, "typical_volume": 1488318.65, "trend": 18.481667, "fair_value": 19.826282, "relative_strength": -18.408931, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.916526, "energy": 10.672907, "activity_lines": [ 18.376667, 18.755455, 18.413333, 18.328387 ] }, { "date": "2025-01-17", "close": 16.75, "volume": 477000, "typical_volume": 1487318.65, "trend": 18.355, "fair_value": 19.841026, "relative_strength": -20.191018, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.306295, "energy": 21.197095, "activity_lines": [ 17.743334, 18.416364, 18.281905, 18.216667 ] }, { "date": "2025-01-24", "close": 16.65, "volume": 208000, "typical_volume": 1464568.65, "trend": 18.253333, "fair_value": 19.859936, "relative_strength": -20.965121, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.803643, "energy": 36.861322, "activity_lines": [ 17.233334, 18.062727, 18.143572, 18.106667 ] }, { "date": "2025-02-07", "close": 16.4, "volume": 479329, "typical_volume": 1417485.1, "trend": 18.116667, "fair_value": 19.875962, "relative_strength": -21.096226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.3459, "energy": 57.884733, "activity_lines": [ 16.8, 17.678182, 17.982381, 17.987097 ] }, { "date": "2025-02-14", "close": 16.6, "volume": 673163, "typical_volume": 1324793.25, "trend": 18.01, "fair_value": 19.89391, "relative_strength": -18.153328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.703036, "energy": 61.779349, "activity_lines": [ 16.616667, 17.351818, 17.842857, 17.889247 ] }, { "date": "2025-02-21", "close": 16.4, "volume": 425179, "typical_volume": 1275852.2, "trend": 17.913333, "fair_value": 19.910256, "relative_strength": -20.247692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.976025, "energy": 60.724387, "activity_lines": [ 16.51, 17.041818, 17.692619, 17.785376 ] }, { "date": "2025-02-28", "close": 16.299999, "volume": 447110, "typical_volume": 1277457.7, "trend": 17.833333, "fair_value": 19.928526, "relative_strength": -17.622584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.632381, "energy": 58.893555, "activity_lines": [ 16.423333, 16.804545, 17.545238, 17.68129 ] }, { "date": "2025-03-07", "close": 16.15, "volume": 405022, "typical_volume": 1259658.8, "trend": 17.73, "fair_value": 19.945833, "relative_strength": -15.944253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.496007, "energy": 58.043536, "activity_lines": [ 16.316666, 16.590909, 17.390952, 17.572688 ] }, { "date": "2025-03-14", "close": 15.15, "volume": 668049, "typical_volume": 1237961.25, "trend": 17.623333, "fair_value": 19.955128, "relative_strength": -18.458512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.294717, "energy": 72.30669, "activity_lines": [ 15.91, 16.248182, 17.145714, 17.406237 ] }, { "date": "2025-03-21", "close": 15.15, "volume": 255243, "typical_volume": 1232623.4, "trend": 17.528333, "fair_value": 19.961538, "relative_strength": -18.622133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.009588, "energy": 86.965079, "activity_lines": [ 15.586667, 15.978182, 16.914048, 17.246667 ] }, { "date": "2025-03-28", "close": 14.5, "volume": 793314, "typical_volume": 1253139.1, "trend": 17.421667, "fair_value": 19.964423, "relative_strength": -19.266679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.470482, "energy": 92.365677, "activity_lines": [ 15.143333, 15.655454, 16.633809, 17.05129 ] }, { "date": "2025-04-04", "close": 14.3, "volume": 521002, "typical_volume": 1257789.2, "trend": 17.321667, "fair_value": 19.966667, "relative_strength": -18.524012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.724365, "energy": 91.885868, "activity_lines": [ 14.76, 15.345454, 16.347143, 16.849892 ] }, { "date": "2025-04-11", "close": 12.0, "volume": 1055014, "typical_volume": 1277739.9, "trend": 17.16, "fair_value": 19.953205, "relative_strength": -24.550259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.939494, "energy": 96.376418, "activity_lines": [ 13.743333, 14.661818, 15.854048, 16.506559 ] }, { "date": "2025-04-18", "close": 12.05, "volume": 389008, "typical_volume": 1094721.65, "trend": 16.996667, "fair_value": 19.941667, "relative_strength": -22.953102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.228833, "energy": 95.935368, "activity_lines": [ 13.02, 14.071818, 15.391667, 16.176882 ] }, { "date": "2025-04-25", "close": 11.8, "volume": 149020, "typical_volume": 927722.65, "trend": 16.778333, "fair_value": 19.929167, "relative_strength": -25.550976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.973579, "energy": 94.393006, "activity_lines": [ 12.42, 13.515455, 14.931905, 15.841613 ] }, { "date": "2025-05-02", "close": 11.7, "volume": 259006, "typical_volume": 817872.95, "trend": 16.535, "fair_value": 19.916667, "relative_strength": -28.611616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.968145, "energy": 91.953562, "activity_lines": [ 12.01, 13.028182, 14.499286, 15.513978 ] }, { "date": "2025-05-09", "close": 12.1, "volume": 248015, "typical_volume": 513523.7, "trend": 16.343333, "fair_value": 19.905449, "relative_strength": -25.798257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.30615, "energy": 87.424277, "activity_lines": [ 11.92, 12.699091, 14.150952, 15.227849 ] }, { "date": "2025-05-16", "close": 11.9, "volume": 304051, "typical_volume": 502876.25, "trend": 16.171667, "fair_value": 19.892949, "relative_strength": -29.347233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.094321, "energy": 67.293266, "activity_lines": [ 11.91, 12.41, 13.816905, 14.941183 ] }, { "date": "2025-05-23", "close": 11.85, "volume": 150005, "typical_volume": 458726.5, "trend": 15.966667, "fair_value": 19.879167, "relative_strength": -28.348207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.151888, "energy": 65.945079, "activity_lines": [ 11.89, 12.189091, 13.512143, 14.662366 ] }, { "date": "2025-05-30", "close": 13.6, "volume": 1347010, "typical_volume": 510227.0, "trend": 15.821667, "fair_value": 19.876923, "relative_strength": -15.992682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.446508, "energy": 49.986748, "activity_lines": [ 12.466667, 12.346364, 13.408809, 14.509677 ] }, { "date": "2025-06-06", "close": 13.7, "volume": 1806097, "typical_volume": 552981.85, "trend": 15.706667, "fair_value": 19.875641, "relative_strength": -15.954281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.440215, "energy": 35.397999, "activity_lines": [ 12.956667, 12.55, 13.339524, 14.372796 ] }, { "date": "2025-06-13", "close": 12.0, "volume": 446009, "typical_volume": 551432.3, "trend": 15.541667, "fair_value": 19.86218, "relative_strength": -27.130793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.816064, "energy": 35.75335, "activity_lines": [ 12.746667, 12.459091, 13.125, 14.133656 ] }, { "date": "2025-06-20", "close": 11.85, "volume": 294289, "typical_volume": 555746.75, "trend": 15.355, "fair_value": 19.848077, "relative_strength": -27.433098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.570696, "energy": 34.360398, "activity_lines": [ 12.493333, 12.382727, 12.91881, 13.895484 ] }, { "date": "2025-06-27", "close": 12.15, "volume": 192340, "typical_volume": 541397.3, "trend": 15.173333, "fair_value": 19.838462, "relative_strength": -26.698868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.338247, "energy": 40.828031, "activity_lines": [ 12.343333, 12.363636, 12.764048, 13.68871 ] }, { "date": "2025-07-04", "close": 11.4, "volume": 423210, "typical_volume": 528899.65, "trend": 14.903333, "fair_value": 19.825, "relative_strength": -30.48739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.953534, "energy": 51.88474, "activity_lines": [ 11.923333, 12.206364, 12.558095, 13.445269 ] }, { "date": "2025-07-11", "close": 12.2, "volume": 665015, "typical_volume": 540891.45, "trend": 14.596667, "fair_value": 19.817308, "relative_strength": -25.617943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.942621, "energy": 49.027213, "activity_lines": [ 11.916667, 12.201818, 12.453095, 13.27086 ] }, { "date": "2025-07-18", "close": 12.45, "volume": 1825043, "typical_volume": 609788.1, "trend": 14.375, "fair_value": 19.791346, "relative_strength": -25.559005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.049448, "energy": 40.660749, "activity_lines": [ 12.093333, 12.233636, 12.391905, 13.132366 ] }, { "date": "2025-07-25", "close": 11.75, "volume": 337152, "typical_volume": 606394.6, "trend": 14.131667, "fair_value": 19.76218, "relative_strength": -29.037396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.995857, "energy": 41.018604, "activity_lines": [ 12.006667, 12.131818, 12.282381, 12.963011 ] }, { "date": "2025-08-01", "close": 11.7, "volume": 213055, "typical_volume": 583644.9, "trend": 13.883333, "fair_value": 19.736859, "relative_strength": -28.882416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.060557, "energy": 36.067157, "activity_lines": [ 11.91, 12.023636, 12.189048, 12.806129 ] }, { "date": "2025-08-08", "close": 12.3, "volume": 718002, "typical_volume": 606782.85, "trend": 13.668333, "fair_value": 19.710897, "relative_strength": -26.299678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.405858, "energy": 26.104114, "activity_lines": [ 12.043333, 12.027273, 12.169286, 12.703978 ] }, { "date": "2025-08-15", "close": 12.0, "volume": 350092, "typical_volume": 584621.75, "trend": 13.495, "fair_value": 19.683974, "relative_strength": -28.30517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.292301, "energy": 26.663025, "activity_lines": [ 12.016667, 12.0, 12.134524, 12.596344 ] }, { "date": "2025-08-22", "close": 12.05, "volume": 367009, "typical_volume": 576922.1, "trend": 13.338333, "fair_value": 19.650962, "relative_strength": -25.659531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.952487, "energy": 22.172265, "activity_lines": [ 12.02, 12.012727, 12.116429, 12.503118 ] }, { "date": "2025-08-29", "close": 11.95, "volume": 442011, "typical_volume": 546271.95, "trend": 13.181667, "fair_value": 19.600641, "relative_strength": -27.073645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.656883, "energy": 20.638095, "activity_lines": [ 12.016667, 12.006364, 12.099524, 12.413548 ] }, { "date": "2025-09-05", "close": 12.0, "volume": 329518, "typical_volume": 543297.45, "trend": 13.035, "fair_value": 19.54968, "relative_strength": -26.954068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.061377, "energy": 20.282097, "activity_lines": [ 12.016667, 12.007273, 12.087619, 12.337312 ] }, { "date": "2025-09-12", "close": 12.0, "volume": 271319, "typical_volume": 549412.4, "trend": 12.881667, "fair_value": 19.492308, "relative_strength": -29.124059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.823984, "energy": 21.605599, "activity_lines": [ 11.996667, 12.010909, 12.075952, 12.270538 ] }, { "date": "2025-09-19", "close": 11.9, "volume": 222004, "typical_volume": 547562.3, "trend": 12.731667, "fair_value": 19.402564, "relative_strength": -29.35846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.188595, "energy": 23.185457, "activity_lines": [ 11.963333, 11.985455, 12.05381, 12.207204 ] }, { "date": "2025-09-26", "close": 11.95, "volume": 315020, "typical_volume": 550912.55, "trend": 12.586667, "fair_value": 19.314744, "relative_strength": -28.311512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.31245, "energy": 22.429733, "activity_lines": [ 11.953333, 11.974545, 12.035476, 12.156774 ] }, { "date": "2025-10-03", "close": 12.1, "volume": 250007, "typical_volume": 548210.35, "trend": 12.451667, "fair_value": 19.216667, "relative_strength": -29.826704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.066571, "energy": 18.34298, "activity_lines": [ 12.0, 12.0, 12.032143, 12.125376 ] }, { "date": "2025-10-10", "close": 11.9, "volume": 148001, "typical_volume": 548110.15, "trend": 12.343333, "fair_value": 19.125, "relative_strength": -31.609794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.212047, "energy": 21.30793, "activity_lines": [ 11.97, 11.982727, 12.00881, 12.089785 ] }, { "date": "2025-10-17", "close": 11.8, "volume": 288006, "typical_volume": 495159.95, "trend": 12.231667, "fair_value": 19.024359, "relative_strength": -31.540513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.823755, "energy": 23.159505, "activity_lines": [ 11.913333, 11.943636, 11.975714, 12.054731 ] }, { "date": "2025-10-24", "close": 11.65, "volume": 168003, "typical_volume": 413255.25, "trend": 12.136667, "fair_value": 18.940705, "relative_strength": -32.266951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.795523, "energy": 31.162272, "activity_lines": [ 11.82, 11.886364, 11.936905, 12.017204 ] }, { "date": "2025-10-31", "close": 11.7, "volume": 323258, "typical_volume": 407117.7, "trend": 12.05, "fair_value": 18.857051, "relative_strength": -32.933785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.040099, "energy": 38.159043, "activity_lines": [ 11.76, 11.844545, 11.912619, 11.989032 ] }, { "date": "2025-11-07", "close": 11.65, "volume": 282024, "typical_volume": 406504.45, "trend": 12.038333, "fair_value": 18.774679, "relative_strength": -31.104095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.323916, "energy": 43.080461, "activity_lines": [ 11.7, 11.8, 11.885, 11.963226 ] }, { "date": "2025-11-14", "close": 11.85, "volume": 545006, "typical_volume": 424137.75, "trend": 12.031667, "fair_value": 18.694872, "relative_strength": -28.627472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.06984, "energy": 32.870062, "activity_lines": [ 11.736667, 11.797273, 11.877381, 11.951075 ] }, { "date": "2025-11-21", "close": 11.8, "volume": 530037, "typical_volume": 429479.1, "trend": 12.031667, "fair_value": 18.608654, "relative_strength": -25.582931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.709782, "energy": 22.543583, "activity_lines": [ 11.76, 11.788182, 11.866429, 11.936129 ] }, { "date": "2025-11-28", "close": 14.2, "volume": 9491771, "typical_volume": 870816.9, "trend": 12.115, "fair_value": 18.545513, "relative_strength": -13.605015, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.903808, "energy": 37.896258, "activity_lines": [ 12.583333, 12.219091, 12.082143, 12.076022 ] }, { "date": "2025-12-05", "close": 14.5, "volume": 2203064, "typical_volume": 889717.95, "trend": 12.195, "fair_value": 18.485897, "relative_strength": -11.878292, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.515839, "energy": 73.507207, "activity_lines": [ 13.336667, 12.662727, 12.316905, 12.229892 ] }, { "date": "2025-12-12", "close": 16.049999, "volume": 1722130, "typical_volume": 958966.85, "trend": 12.333333, "fair_value": 18.433654, "relative_strength": -2.077503, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.795271, "energy": 89.592162, "activity_lines": [ 14.42, 13.341818, 12.689524, 12.478602 ] }, { "date": "2025-12-19", "close": 14.15, "volume": 1133217, "typical_volume": 1004974.95, "trend": 12.41, "fair_value": 18.375962, "relative_strength": -11.168925, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.661297, "energy": 79.834865, "activity_lines": [ 14.576666, 13.603636, 12.860714, 12.595806 ] }, { "date": "2025-12-26", "close": 13.55, "volume": 769410, "typical_volume": 1007545.35, "trend": 12.408333, "fair_value": 18.319551, "relative_strength": -16.457934, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.947019, "energy": 73.571212, "activity_lines": [ 14.38, 13.715454, 12.963095, 12.669355 ] }, { "date": "2026-01-02", "close": 14.0, "volume": 1565006, "typical_volume": 1068291.05, "trend": 12.418333, "fair_value": 18.258333, "relative_strength": -15.023231, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.071654, "energy": 46.834623, "activity_lines": [ 14.216667, 13.877273, 13.102381, 12.772043 ] }, { "date": "2026-01-09", "close": 14.8, "volume": 1098178, "typical_volume": 1104849.5, "trend": 12.511667, "fair_value": 18.211538, "relative_strength": -11.957882, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.268344, "energy": 40.29542, "activity_lines": [ 14.333333, 14.141818, 13.308333, 12.925699 ] }, { "date": "2026-01-16", "close": 14.5, "volume": 611042, "typical_volume": 1113301.05, "trend": 12.6, "fair_value": 18.163462, "relative_strength": -15.985688, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.026925, "energy": 35.683914, "activity_lines": [ 14.33, 14.295454, 13.472619, 13.053978 ] }, { "date": "2026-01-23", "close": 14.0, "volume": 568113, "typical_volume": 1125230.8, "trend": 12.661667, "fair_value": 18.123077, "relative_strength": -19.481017, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.829403, "energy": 29.789004, "activity_lines": [ 14.263333, 14.306364, 13.577143, 13.144301 ] }, { "date": "2026-01-30", "close": 14.7, "volume": 1167009, "typical_volume": 1170015.3, "trend": 12.771667, "fair_value": 18.071154, "relative_strength": -14.975392, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.177358, "energy": 35.359818, "activity_lines": [ 14.44, 14.405454, 13.738809, 13.275806 ] }, { "date": "2026-02-06", "close": 16.450001, "volume": 4854057, "typical_volume": 1401617.95, "trend": 12.913333, "fair_value": 18.036859, "relative_strength": -3.389244, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.09151, "energy": 45.015513, "activity_lines": [ 15.123334, 14.77, 14.054286, 13.513118 ] }, { "date": "2026-02-13", "close": 15.7, "volume": 1229103, "typical_volume": 1447322.1, "trend": 13.021667, "fair_value": 17.992628, "relative_strength": -12.006268, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.295645, "energy": 44.1684, "activity_lines": [ 15.393334, 14.957273, 14.276667, 13.692903 ] }, { "date": "2026-02-27", "close": 15.25, "volume": 707315, "typical_volume": 1470187.5, "trend": 13.138333, "fair_value": 17.938141, "relative_strength": -18.121267, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.988618, "energy": 45.795328, "activity_lines": [ 15.453334, 15.040909, 14.438333, 13.836667 ] }, { "date": "2026-03-06", "close": 15.0, "volume": 769121, "typical_volume": 1501243.5, "trend": 13.248333, "fair_value": 17.888462, "relative_strength": -14.296434, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.317673, "energy": 50.224838, "activity_lines": [ 15.38, 15.093636, 14.561191, 13.956774 ] }, { "date": "2026-03-13", "close": 14.1, "volume": 929014, "typical_volume": 1533293.9, "trend": 13.308333, "fair_value": 17.840064, "relative_strength": -18.071286, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.599525, "energy": 24.937002, "activity_lines": [ 14.94, 14.967273, 14.583571, 14.01172 ] }, { "date": "2026-03-20", "close": 15.05, "volume": 590076, "typical_volume": 1554397.55, "trend": 13.41, "fair_value": 17.806731, "relative_strength": -12.135309, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.728247, "energy": 20.68531, "activity_lines": [ 14.856667, 15.003636, 14.685476, 14.124086 ] }, { "date": "2026-03-27", "close": 13.85, "volume": 821009, "typical_volume": 1579285.1, "trend": 13.47, "fair_value": 17.757051, "relative_strength": -17.265737, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.356933, "energy": 16.213731, "activity_lines": [ 14.466667, 14.802727, 14.656905, 14.152473 ] }, { "date": "2026-04-03", "close": 12.8, "volume": 841005, "typical_volume": 1607234.15, "trend": 13.498333, "fair_value": 17.697115, "relative_strength": -21.43854, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.549761, "energy": 16.843961, "activity_lines": [ 13.85, 14.428182, 14.518095, 14.109247 ] }, { "date": "2026-04-10", "close": 13.85, "volume": 399129, "typical_volume": 1599940.3, "trend": 13.56, "fair_value": 17.634295, "relative_strength": -20.971403, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.437258, "energy": 17.027162, "activity_lines": [ 13.746667, 14.275455, 14.47381, 14.131936 ] }, { "date": "2026-04-17", "close": 14.55, "volume": 493223, "typical_volume": 1598099.6, "trend": 13.645, "fair_value": 17.573077, "relative_strength": -19.418549, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.601734, "energy": 16.713239, "activity_lines": [ 13.953333, 14.252727, 14.486667, 14.195806 ] }, { "date": "2026-04-24", "close": 14.1, "volume": 459440, "typical_volume": 1146483.05, "trend": 13.718333, "fair_value": 17.500962, "relative_strength": -25.421625, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.208162, "energy": 13.804739, "activity_lines": [ 13.98, 14.150909, 14.443571, 14.225161 ] }, { "date": "2026-05-01", "close": 13.9, "volume": 535417, "typical_volume": 1063100.7, "trend": 13.783333, "fair_value": 17.435577, "relative_strength": -25.772823, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.329269, "energy": 6.934008, "activity_lines": [ 14.003333, 14.055455, 14.381905, 14.236882 ] }, { "date": "2026-05-08", "close": 13.7, "volume": 699094, "typical_volume": 1011948.9, "trend": 13.836667, "fair_value": 17.375, "relative_strength": -30.903738, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.205187, "energy": 8.606496, "activity_lines": [ 13.956667, 13.956364, 14.304048, 14.231505 ] }, { "date": "2026-05-15", "close": 13.1, "volume": 500017, "typical_volume": 980288.9, "trend": 13.876667, "fair_value": 17.30609, "relative_strength": -32.528433, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.053519, "energy": 24.473818, "activity_lines": [ 13.65, 13.776364, 14.180238, 14.183979 ] }, { "date": "2026-05-22", "close": 13.05, "volume": 184003, "typical_volume": 951018.55, "trend": 13.918333, "fair_value": 17.240385, "relative_strength": -33.891852, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.697635, "energy": 41.271452, "activity_lines": [ 13.376667, 13.621818, 14.056667, 14.130645 ] }, { "date": "2026-05-29", "close": 12.1, "volume": 571047, "typical_volume": 901320.6, "trend": 13.933333, "fair_value": 17.169551, "relative_strength": -41.414242, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.05683, "energy": 59.939394, "activity_lines": [ 12.886667, 13.313636, 13.845, 14.013333 ] }, { "date": "2026-06-05", "close": 12.55, "volume": 1095884, "typical_volume": 901205.9, "trend": 13.961667, "fair_value": 17.1, "relative_strength": -38.776593, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.470027, "energy": 68.065871, "activity_lines": [ 12.68, 13.140909, 13.685238, 13.924086 ] }, { "date": "2026-06-12", "close": 12.65, "volume": 421397, "typical_volume": 891723.65, "trend": 13.995, "fair_value": 17.027885, "relative_strength": -36.09348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.018365, "energy": 64.592265, "activity_lines": [ 12.596667, 13.01, 13.545714, 13.839462 ] }, { "date": "2026-06-19", "close": 12.55, "volume": 283085, "typical_volume": 877472.25, "trend": 14.018333, "fair_value": 16.948718, "relative_strength": -39.015889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.840189, "energy": 61.035553, "activity_lines": [ 12.55, 12.863636, 13.405476, 13.746237 ] }, { "date": "2026-06-26", "close": 12.05, "volume": 320910, "typical_volume": 835167.3, "trend": 14.026667, "fair_value": 16.878526, "relative_strength": -38.241666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.417325, "energy": 57.787922, "activity_lines": [ 12.373333, 12.65, 13.224524, 13.619247 ] }, { "date": "2026-07-03", "close": 12.9, "volume": 959062, "typical_volume": 640417.55, "trend": 13.983333, "fair_value": 16.807372, "relative_strength": -36.272625, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.434376, "energy": 38.657825, "activity_lines": [ 12.546667, 12.636364, 13.137143, 13.546559 ] }, { "date": "2026-07-10", "close": 13.6, "volume": 747027, "typical_volume": 616313.75, "trend": 13.953333, "fair_value": 16.745833, "relative_strength": -30.062667, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.820007, "energy": 24.691482, "activity_lines": [ 12.9, 12.771818, 13.133333, 13.521828 ] }, { "date": "2026-07-17", "close": 12.2, "volume": 598149, "typical_volume": 610855.45, "trend": 13.825, "fair_value": 16.64968, "relative_strength": -32.559662, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.474164, "energy": 29.397427, "activity_lines": [ 12.716667, 12.658182, 13.00619, 13.40871 ] }, { "date": "2026-07-24", "close": 12.2, "volume": 206262, "typical_volume": 582712.5, "trend": 13.76, "fair_value": 16.567628, "relative_strength": -33.313896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.034814, "energy": 30.205712, "activity_lines": [ 12.563333, 12.571818, 12.893571, 13.303871 ] }, { "date": "2026-07-31", "close": 12.35, "volume": 414700, "typical_volume": 556996.8, "trend": 13.72, "fair_value": 16.486538, "relative_strength": -30.970507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.605973, "energy": 30.763484, "activity_lines": [ 12.483333, 12.529091, 12.808571, 13.212903 ] }, { "date": "2026-08-07", "close": 12.25, "volume": 155090, "typical_volume": 535247.5, "trend": 13.661667, "fair_value": 16.411538, "relative_strength": -32.547077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.215066, "energy": 38.956828, "activity_lines": [ 12.35, 12.480909, 12.722381, 13.118065 ] }, { "date": "2026-08-14", "close": 12.25, "volume": 81084, "typical_volume": 498251.25, "trend": 13.576667, "fair_value": 16.339423, "relative_strength": -34.126292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.837713, "energy": 39.916881, "activity_lines": [ 12.26, 12.43, 12.649524, 13.026989 ] } ], "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." } } }