{ "ticker": { "uuid": "cd988d62-598f-4ed4-9007-9b1d97147028", "symbol": "1474", "name": "Honmyue Enterprise Co., Ltd.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "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": 48.917, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 19.995, "architecture_energy": 13.847, "architecture_maturity": 18.443, "architecture_confidence": 75.751, "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": 64.38, "rotation_up": 20.26, "upward_expansion": 50.21, "deceleration": 91.85, "rotation_down": 33.74, "downward_expansion": 20.87 }, "activity_lines": [ 10.022602, 10.12765, 10.061667, 10.011417 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 9.94, "trend_reference": 9.971699, "distance_from_trend": -0.003179, "trend_direction": "Weakening", "fair_value": 11.527864, "distance_from_fair_value": -0.137741, "fair_value_direction": "Improving", "relative_strength": -33.890401, "relative_strength_direction": "Improving", "price_momentum": 0.003793, "excess_performance": -0.437579, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.003179, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.025149, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.137741, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.028963, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.338904, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.081447, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.003793, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.586312, "read": "Demand-led" } ], "volume": { "latest": 206701, "relative_activity": 0.400643, "balance": 1.586312, "dry_up": 0.646076, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.052899, "annualized_volatility": 0.252714, "from_high_reference": -0.200902, "from_low_reference": 0.071346 }, "levels": { "trend_reference": 9.971699, "fair_value_reference": 11.527864, "structural_low": 9.278049, "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": 20, "median_return": -0.010156, "positive_rate": 0.35, "directional_follow_through": 0.35, "median_excess_return": -0.032193, "regime_survival": 0.55, "best_return": 0.080645, "worst_return": -0.07173, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.020497, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.025425, "regime_survival": 0.4, "best_return": 0.116466, "worst_return": -0.22449, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.027805, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.062189, "regime_survival": 0.571429, "best_return": 0.158798, "worst_return": -0.159131, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.073394, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.191386, "regime_survival": 0.25, "best_return": 0.131915, "worst_return": -0.17521, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-07-26", "tenure": "Established", "return": 0.125, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-08-16", "tenure": "New", "return": -0.066667, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-23", "end": "2024-09-27", "tenure": "Developing", "return": -0.011673, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-04", "end": "2024-10-18", "tenure": "New", "return": 0.11284, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-29", "tenure": "Developing", "return": -0.039711, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": -0.041985, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-02-28", "tenure": "Developing", "return": 0.051384, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": 0.014286, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.119134, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-09-12", "tenure": "Established", "return": -0.018057, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-19", "end": "2026-06-12", "tenure": "Extended", "return": -0.15, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": -0.014634, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.101322, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": -0.010945, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 11.192757, "volume": 823174, "typical_volume": 844812.15, "trend": 11.381587, "fair_value": 11.740565, "relative_strength": -7.528849, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.414861, "energy": 26.950379, "activity_lines": [ 11.317629, 11.441947, 11.499715, 11.463623 ] }, { "date": "2023-08-18", "close": 10.964334, "volume": 481626, "typical_volume": 848907.75, "trend": 11.380064, "fair_value": 11.741454, "relative_strength": -8.062103, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.152463, "energy": 41.657792, "activity_lines": [ 11.186666, 11.334795, 11.447721, 11.436704 ] }, { "date": "2023-08-25", "close": 10.690225, "volume": 834921, "typical_volume": 876403.8, "trend": 11.367882, "fair_value": 11.729383, "relative_strength": -10.743508, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.209099, "energy": 60.932805, "activity_lines": [ 10.99479, 11.190265, 11.371145, 11.392198 ] }, { "date": "2023-09-01", "close": 10.73591, "volume": 421374, "typical_volume": 750888.6, "trend": 11.355699, "fair_value": 11.724435, "relative_strength": -11.028537, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.743334, "energy": 72.63252, "activity_lines": [ 10.869918, 11.075638, 11.302836, 11.351426 ] }, { "date": "2023-09-08", "close": 11.062058, "volume": 377872, "typical_volume": 728431.9, "trend": 11.355911, "fair_value": 11.726496, "relative_strength": -7.741353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.001225, "energy": 65.914782, "activity_lines": [ 10.896402, 11.04523, 11.270591, 11.332481 ] }, { "date": "2023-09-15", "close": 10.872964, "volume": 318446, "typical_volume": 722770.25, "trend": 11.34982, "fair_value": 11.727072, "relative_strength": -10.907994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.870457, "energy": 66.393526, "activity_lines": [ 10.877704, 10.991954, 11.221613, 11.301323 ] }, { "date": "2023-09-22", "close": 10.825689, "volume": 306773, "typical_volume": 719708.6, "trend": 11.336061, "fair_value": 11.730077, "relative_strength": -7.758882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.310109, "energy": 52.698264, "activity_lines": [ 10.864568, 10.94005, 11.171178, 11.267508 ] }, { "date": "2023-09-29", "close": 10.825689, "volume": 161715, "typical_volume": 701483.9, "trend": 11.326871, "fair_value": 11.729257, "relative_strength": -7.398428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.025164, "energy": 42.47104, "activity_lines": [ 10.860675, 10.898973, 11.124884, 11.234581 ] }, { "date": "2023-10-06", "close": 10.778417, "volume": 133447, "typical_volume": 683543.6, "trend": 11.310014, "fair_value": 11.72868, "relative_strength": -8.370744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.532585, "energy": 50.111546, "activity_lines": [ 10.831993, 10.860959, 11.076054, 11.199197 ] }, { "date": "2023-10-13", "close": 10.683869, "volume": 236170, "typical_volume": 641099.65, "trend": 11.294574, "fair_value": 11.734054, "relative_strength": -10.220035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.752391, "energy": 52.496623, "activity_lines": [ 10.768961, 10.816611, 11.020844, 11.1588 ] }, { "date": "2023-10-20", "close": 10.636595, "volume": 271691, "typical_volume": 629731.6, "trend": 11.276036, "fair_value": 11.739672, "relative_strength": -8.481637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.909412, "energy": 56.810409, "activity_lines": [ 10.715385, 10.775411, 10.965296, 11.11635 ] }, { "date": "2023-10-27", "close": 10.778417, "volume": 446234, "typical_volume": 600946.85, "trend": 11.259179, "fair_value": 11.738549, "relative_strength": -5.248857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.423725, "energy": 42.980805, "activity_lines": [ 10.72484, 10.77011, 10.926991, 11.084246 ] }, { "date": "2023-11-03", "close": 10.825689, "volume": 217794, "typical_volume": 472107.2, "trend": 11.236283, "fair_value": 11.74128, "relative_strength": -6.679948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.120314, "energy": 36.637638, "activity_lines": [ 10.753204, 10.776784, 10.897337, 11.056279 ] }, { "date": "2023-11-10", "close": 10.778417, "volume": 317102, "typical_volume": 443161.8, "trend": 11.202675, "fair_value": 11.74043, "relative_strength": -7.745474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.482299, "energy": 31.640086, "activity_lines": [ 10.76581, 10.7724, 10.868191, 11.026739 ] }, { "date": "2023-11-17", "close": 10.967512, "volume": 546497, "typical_volume": 438932.9, "trend": 11.190599, "fair_value": 11.742978, "relative_strength": -8.764162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.828176, "energy": 18.937924, "activity_lines": [ 10.841448, 10.801624, 10.863379, 11.011567 ] }, { "date": "2023-11-24", "close": 11.062058, "volume": 788260, "typical_volume": 453205.5, "trend": 11.175582, "fair_value": 11.745039, "relative_strength": -8.197689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.771507, "energy": 15.554007, "activity_lines": [ 10.929692, 10.849757, 10.871036, 11.003274 ] }, { "date": "2023-12-01", "close": 11.109333, "volume": 374803, "typical_volume": 453130.8, "trend": 11.15605, "fair_value": 11.746857, "relative_strength": -8.447793, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.018717, "energy": 11.393967, "activity_lines": [ 11.00533, 10.903047, 10.884906, 10.999 ] }, { "date": "2023-12-08", "close": 11.156607, "volume": 712197, "typical_volume": 458446.8, "trend": 11.153322, "fair_value": 11.748977, "relative_strength": -7.515708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.879948, "energy": 15.916222, "activity_lines": [ 11.074665, 10.959776, 10.904763, 10.999036 ] }, { "date": "2023-12-15", "close": 11.345702, "volume": 902147, "typical_volume": 463684.95, "trend": 11.153852, "fair_value": 11.751491, "relative_strength": -7.184212, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.35412, "energy": 37.208974, "activity_lines": [ 11.184971, 11.044869, 10.944107, 11.011447 ] }, { "date": "2023-12-22", "close": 11.534797, "volume": 651036, "typical_volume": 466163.95, "trend": 11.153071, "fair_value": 11.756309, "relative_strength": -4.969378, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.869046, "energy": 53.049529, "activity_lines": [ 11.320489, 11.154028, 11.001602, 11.036024 ] }, { "date": "2023-12-29", "close": 11.345702, "volume": 363498, "typical_volume": 443180.15, "trend": 11.150555, "fair_value": 11.760461, "relative_strength": -7.921456, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.360832, "energy": 49.169052, "activity_lines": [ 11.355157, 11.213335, 11.040111, 11.048452 ] }, { "date": "2024-01-05", "close": 11.534797, "volume": 444468, "typical_volume": 441322.25, "trend": 11.146728, "fair_value": 11.765279, "relative_strength": -3.880694, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.589754, "energy": 56.704719, "activity_lines": [ 11.433946, 11.29413, 11.095902, 11.073242 ] }, { "date": "2024-01-12", "close": 11.345702, "volume": 514301, "typical_volume": 425291.25, "trend": 11.128984, "fair_value": 11.767246, "relative_strength": -5.099094, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.971097, "energy": 43.14995, "activity_lines": [ 11.42134, 11.326792, 11.130966, 11.086079 ] }, { "date": "2024-01-19", "close": 11.062058, "volume": 326332, "typical_volume": 420539.15, "trend": 11.094171, "fair_value": 11.764936, "relative_strength": -8.051124, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.484364, "energy": 18.877284, "activity_lines": [ 11.301579, 11.298428, 11.135896, 11.081761 ] }, { "date": "2024-01-26", "close": 11.156607, "volume": 179670, "typical_volume": 410629.05, "trend": 11.076215, "fair_value": 11.76733, "relative_strength": -8.569786, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 35.765958, "energy": 19.249777, "activity_lines": [ 11.232245, 11.282097, 11.148277, 11.085789 ] }, { "date": "2024-02-02", "close": 11.014785, "volume": 206060, "typical_volume": 405009.75, "trend": 11.062668, "fair_value": 11.771274, "relative_strength": -9.796507, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.762707, "energy": 17.916716, "activity_lines": [ 11.140849, 11.236542, 11.146702, 11.081826 ] }, { "date": "2024-02-09", "close": 10.967512, "volume": 64250, "typical_volume": 392883.6, "trend": 11.047546, "fair_value": 11.778193, "relative_strength": -10.099051, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.943295, "energy": 19.37695, "activity_lines": [ 11.055756, 11.183252, 11.139948, 11.075687 ] }, { "date": "2024-02-16", "close": 11.014785, "volume": 175505, "typical_volume": 393573.1, "trend": 11.032476, "fair_value": 11.785961, "relative_strength": -11.884695, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.487781, "energy": 15.135325, "activity_lines": [ 11.02424, 11.141135, 11.137022, 11.073574 ] }, { "date": "2024-02-23", "close": 11.109333, "volume": 715557, "typical_volume": 422678.6, "trend": 11.023604, "fair_value": 11.794063, "relative_strength": -12.110782, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.650044, "energy": 14.183861, "activity_lines": [ 11.046301, 11.118788, 11.142199, 11.078532 ] }, { "date": "2024-03-01", "close": 11.771165, "volume": 1418195, "typical_volume": 481779.85, "trend": 11.038316, "fair_value": 11.803402, "relative_strength": -6.864848, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.507202, "energy": 32.090814, "activity_lines": [ 11.285821, 11.221071, 11.208833, 11.126762 ] }, { "date": "2024-03-08", "close": 11.58207, "volume": 3553967, "typical_volume": 645893.65, "trend": 11.051293, "fair_value": 11.810709, "relative_strength": -11.936331, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.400191, "energy": 45.661325, "activity_lines": [ 11.421339, 11.284675, 11.25228, 11.161843 ] }, { "date": "2024-03-15", "close": 11.345702, "volume": 808626, "typical_volume": 664013.25, "trend": 11.064006, "fair_value": 11.815954, "relative_strength": -12.917797, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.244833, "energy": 44.666636, "activity_lines": [ 11.440249, 11.301006, 11.268713, 11.180837 ] }, { "date": "2024-03-22", "close": 11.392975, "volume": 688698, "typical_volume": 687558.45, "trend": 11.087431, "fair_value": 11.82041, "relative_strength": -14.567269, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.225634, "energy": 47.988449, "activity_lines": [ 11.449704, 11.329371, 11.286947, 11.202061 ] }, { "date": "2024-03-29", "close": 11.629344, "volume": 602245, "typical_volume": 701815.6, "trend": 11.117212, "fair_value": 11.827473, "relative_strength": -12.726936, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.938091, "energy": 45.767343, "activity_lines": [ 11.512735, 11.399851, 11.324991, 11.237023 ] }, { "date": "2024-04-05", "close": 11.818439, "volume": 436881, "typical_volume": 696334.8, "trend": 11.142424, "fair_value": 11.833563, "relative_strength": -11.116351, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.652455, "energy": 46.811889, "activity_lines": [ 11.604131, 11.494399, 11.376992, 11.282263 ] }, { "date": "2024-04-12", "close": 12.149356, "volume": 1183600, "typical_volume": 716101.8, "trend": 11.184971, "fair_value": 11.842321, "relative_strength": -9.977718, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.287049, "energy": 64.201438, "activity_lines": [ 11.802681, 11.63708, 11.456457, 11.347227 ] }, { "date": "2024-04-19", "close": 12.243903, "volume": 1444482, "typical_volume": 769585.75, "trend": 11.232245, "fair_value": 11.848679, "relative_strength": -3.37509, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.313175, "energy": 71.960869, "activity_lines": [ 11.994928, 11.776323, 11.539749, 11.415545 ] }, { "date": "2024-04-26", "close": 12.953009, "volume": 2642871, "typical_volume": 866119.45, "trend": 11.303155, "fair_value": 11.854939, "relative_strength": -0.513064, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.004359, "energy": 84.975001, "activity_lines": [ 12.363663, 12.021287, 11.685172, 11.526562 ] }, { "date": "2024-05-03", "close": 13.142104, "volume": 3281012, "typical_volume": 985062.7, "trend": 11.381945, "fair_value": 11.853941, "relative_strength": 0.201395, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.227879, "energy": 88.651932, "activity_lines": [ 12.691428, 12.265391, 11.84005, 11.645204 ] }, { "date": "2024-05-10", "close": 13.520294, "volume": 3427000, "typical_volume": 1123860.9, "trend": 11.476492, "fair_value": 11.841979, "relative_strength": 1.418582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.586186, "energy": 89.505451, "activity_lines": [ 13.044405, 12.541298, 12.022392, 11.783162 ] }, { "date": "2024-05-17", "close": 13.85121, "volume": 6388757, "typical_volume": 1425123.85, "trend": 11.583646, "fair_value": 11.834598, "relative_strength": 1.362582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.619667, "energy": 90.921091, "activity_lines": [ 13.394231, 12.845569, 12.226794, 11.936369 ] }, { "date": "2024-05-24", "close": 12.905735, "volume": 2945697, "typical_volume": 1550185.3, "trend": 11.654557, "fair_value": 11.841101, "relative_strength": -6.615764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.730304, "energy": 64.570346, "activity_lines": [ 13.315441, 12.936678, 12.329221, 12.021665 ] }, { "date": "2024-05-31", "close": 13.142104, "volume": 1221840, "typical_volume": 1585562.25, "trend": 11.731771, "fair_value": 11.839557, "relative_strength": -2.965576, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.44484, "energy": 55.656744, "activity_lines": [ 13.271319, 13.042399, 12.44763, 12.117636 ] }, { "date": "2024-06-07", "close": 13.425746, "volume": 1835191, "typical_volume": 1661005.2, "trend": 11.820015, "fair_value": 11.829175, "relative_strength": -3.755058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.585602, "energy": 54.530868, "activity_lines": [ 13.309138, 13.16789, 12.584499, 12.226925 ] }, { "date": "2024-06-14", "close": 13.425746, "volume": 1757670, "typical_volume": 1739905.2, "trend": 11.901956, "fair_value": 11.817427, "relative_strength": -6.263723, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.049931, "energy": 46.840574, "activity_lines": [ 13.328047, 13.260718, 12.710112, 12.33052 ] }, { "date": "2024-06-21", "close": 13.3312, "volume": 1348309, "typical_volume": 1797017.65, "trend": 11.977594, "fair_value": 11.81327, "relative_strength": -9.564014, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.574071, "energy": 44.476075, "activity_lines": [ 13.321744, 13.307132, 12.815915, 12.42273 ] }, { "date": "2024-06-28", "close": 13.378473, "volume": 2377773, "typical_volume": 1912693.8, "trend": 12.053232, "fair_value": 11.810782, "relative_strength": -8.06366, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.016302, "energy": 43.221816, "activity_lines": [ 13.365867, 13.340654, 12.91519, 12.513109 ] }, { "date": "2024-07-05", "close": 13.662115, "volume": 2402644, "typical_volume": 2024050.75, "trend": 12.136749, "fair_value": 11.813117, "relative_strength": -7.908809, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.528842, "energy": 44.893994, "activity_lines": [ 13.47302, 13.405118, 13.029998, 12.616908 ] }, { "date": "2024-07-12", "close": 13.945759, "volume": 4028524, "typical_volume": 2189699.1, "trend": 12.223418, "fair_value": 11.816997, "relative_strength": -7.192913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.468743, "energy": 49.242405, "activity_lines": [ 13.640055, 13.508261, 13.159213, 12.733618 ] }, { "date": "2024-07-19", "close": 13.283925, "volume": 2259912, "typical_volume": 2231784.95, "trend": 12.281722, "fair_value": 11.817455, "relative_strength": -7.28515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.059898, "energy": 40.594789, "activity_lines": [ 13.55181, 13.476459, 13.211889, 12.802038 ] }, { "date": "2024-07-26", "close": 12.763914, "volume": 1194056, "typical_volume": 2113789.4, "trend": 12.328996, "fair_value": 11.816491, "relative_strength": -7.664825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.380463, "energy": 25.440504, "activity_lines": [ 13.299683, 13.354406, 13.207837, 12.833147 ] }, { "date": "2024-08-02", "close": 12.763914, "volume": 919632, "typical_volume": 2119339.7, "trend": 12.369966, "fair_value": 11.816348, "relative_strength": -5.370764, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.857058, "energy": 15.800186, "activity_lines": [ 13.085376, 13.252123, 13.198157, 12.861206 ] }, { "date": "2024-08-09", "close": 12.149356, "volume": 1949295, "typical_volume": 2182369.55, "trend": 12.396755, "fair_value": 11.814723, "relative_strength": -8.913212, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.394642, "energy": 19.263835, "activity_lines": [ 12.707186, 13.040681, 13.123195, 12.846974 ] }, { "date": "2024-08-16", "close": 11.912987, "volume": 2728705, "typical_volume": 2288692.55, "trend": 12.425119, "fair_value": 11.812677, "relative_strength": -13.83993, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.1462, "energy": 36.806007, "activity_lines": [ 12.351057, 12.804312, 13.022119, 12.815763 ] }, { "date": "2024-08-23", "close": 12.149356, "volume": 1132254, "typical_volume": 2323461.2, "trend": 12.458211, "fair_value": 11.812145, "relative_strength": -11.094647, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.551102, "energy": 51.545183, "activity_lines": [ 12.209236, 12.638424, 12.942204, 12.797972 ] }, { "date": "2024-08-30", "close": 11.865713, "volume": 929346, "typical_volume": 2310748.5, "trend": 12.486575, "fair_value": 11.810888, "relative_strength": -13.29616, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.237476, "energy": 60.416099, "activity_lines": [ 12.048505, 12.444172, 12.833699, 12.759746 ] }, { "date": "2024-09-06", "close": 11.156607, "volume": 1255693, "typical_volume": 2301309.05, "trend": 12.492878, "fair_value": 11.798529, "relative_strength": -14.918956, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.122519, "energy": 72.654702, "activity_lines": [ 11.711286, 12.147637, 12.659012, 12.673942 ] }, { "date": "2024-09-13", "close": 11.487522, "volume": 1185844, "typical_volume": 2228457.7, "trend": 12.508636, "fair_value": 11.78829, "relative_strength": -13.389512, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.870791, "energy": 65.220481, "activity_lines": [ 11.591525, 11.951665, 12.521017, 12.60908 ] }, { "date": "2024-09-20", "close": 11.865713, "volume": 894475, "typical_volume": 2109130.85, "trend": 12.533849, "fair_value": 11.781296, "relative_strength": -11.799023, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.867037, "energy": 53.330339, "activity_lines": [ 11.64195, 11.863994, 12.426019, 12.567601 ] }, { "date": "2024-09-27", "close": 12.007534, "volume": 556597, "typical_volume": 1965610.7, "trend": 12.541728, "fair_value": 11.773844, "relative_strength": -12.964596, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.779889, "energy": 47.404745, "activity_lines": [ 11.742801, 11.839927, 12.350607, 12.533645 ] }, { "date": "2024-10-04", "close": 12.149356, "volume": 367023, "typical_volume": 1664524.0, "trend": 12.560637, "fair_value": 11.765936, "relative_strength": -9.5733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.306006, "energy": 31.75334, "activity_lines": [ 11.90038, 11.864853, 12.295904, 12.508331 ] }, { "date": "2024-10-11", "close": 12.763914, "volume": 1256509, "typical_volume": 1580064.6, "trend": 12.607911, "fair_value": 11.763607, "relative_strength": -7.248976, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.550958, "energy": 20.078317, "activity_lines": [ 12.243903, 12.012691, 12.307835, 12.521446 ] }, { "date": "2024-10-18", "close": 13.520294, "volume": 3188707, "typical_volume": 1678407.95, "trend": 12.678821, "fair_value": 11.764085, "relative_strength": -3.983142, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.958037, "energy": 26.589197, "activity_lines": [ 12.732398, 12.298053, 12.392478, 12.580309 ] }, { "date": "2024-10-25", "close": 13.094831, "volume": 1244945, "typical_volume": 1648895.65, "trend": 12.727671, "fair_value": 11.764644, "relative_strength": -6.128984, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.145056, "energy": 31.419379, "activity_lines": [ 12.943555, 12.481131, 12.434799, 12.607148 ] }, { "date": "2024-11-01", "close": 12.858461, "volume": 720171, "typical_volume": 1597020.7, "trend": 12.762338, "fair_value": 11.762003, "relative_strength": -5.245013, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.567203, "energy": 30.700421, "activity_lines": [ 12.99398, 12.599745, 12.456185, 12.615586 ] }, { "date": "2024-11-08", "close": 13.236651, "volume": 921587, "typical_volume": 1575684.6, "trend": 12.798582, "fair_value": 11.761224, "relative_strength": -5.40577, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.511085, "energy": 42.985968, "activity_lines": [ 13.11374, 12.774228, 12.51629, 12.646187 ] }, { "date": "2024-11-15", "close": 12.763914, "volume": 2418425, "typical_volume": 1577717.2, "trend": 12.815915, "fair_value": 11.757135, "relative_strength": -5.297675, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.298159, "energy": 27.237613, "activity_lines": [ 13.003434, 12.837833, 12.531823, 12.643951 ] }, { "date": "2024-11-22", "close": 13.047557, "volume": 547681, "typical_volume": 1484969.05, "trend": 12.819067, "fair_value": 11.754864, "relative_strength": -3.6564, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.622941, "energy": 18.88094, "activity_lines": [ 12.987676, 12.923785, 12.577295, 12.658895 ] }, { "date": "2024-11-29", "close": 12.57482, "volume": 492390, "typical_volume": 1308162.35, "trend": 12.800157, "fair_value": 11.752651, "relative_strength": -4.245269, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 1.086765, "energy": 7.410238, "activity_lines": [ 12.845856, 12.895421, 12.580672, 12.643137 ] }, { "date": "2024-12-06", "close": 12.385724, "volume": 477241, "typical_volume": 1219028.8, "trend": 12.762338, "fair_value": 11.748102, "relative_strength": -9.15101, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.47655, "energy": 11.884158, "activity_lines": [ 12.67567, 12.819783, 12.572568, 12.6164 ] }, { "date": "2024-12-13", "close": 12.054808, "volume": 798035, "typical_volume": 1199227.75, "trend": 12.702458, "fair_value": 11.741713, "relative_strength": -10.568486, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.437252, "energy": 28.101732, "activity_lines": [ 12.426695, 12.677102, 12.537225, 12.570753 ] }, { "date": "2024-12-20", "close": 12.007534, "volume": 866007, "typical_volume": 1196546.5, "trend": 12.672518, "fair_value": 11.733617, "relative_strength": -8.53329, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.017906, "energy": 34.413114, "activity_lines": [ 12.240751, 12.527545, 12.500757, 12.525919 ] }, { "date": "2024-12-27", "close": 12.007534, "volume": 479391, "typical_volume": 1123051.3, "trend": 12.634699, "fair_value": 11.725522, "relative_strength": -11.199, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.62144, "energy": 44.849921, "activity_lines": [ 12.105233, 12.391741, 12.46789, 12.483017 ] }, { "date": "2025-01-03", "close": 11.865713, "volume": 251292, "typical_volume": 999180.65, "trend": 12.582698, "fair_value": 11.715113, "relative_strength": -10.424103, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.008738, "energy": 54.006686, "activity_lines": [ 11.991776, 12.257655, 12.422192, 12.433405 ] }, { "date": "2025-01-10", "close": 11.960259, "volume": 268861, "typical_volume": 956011.0, "trend": 12.533849, "fair_value": 11.704749, "relative_strength": -9.732099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.408531, "energy": 51.238842, "activity_lines": [ 11.957108, 12.163108, 12.385724, 12.393247 ] }, { "date": "2025-01-17", "close": 11.58207, "volume": 626554, "typical_volume": 940871.4, "trend": 12.475544, "fair_value": 11.691399, "relative_strength": -12.735676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.939079, "energy": 64.64274, "activity_lines": [ 11.824742, 12.016129, 12.314138, 12.331842 ] }, { "date": "2025-01-24", "close": 11.771165, "volume": 381000, "typical_volume": 897136.75, "trend": 12.421967, "fair_value": 11.680385, "relative_strength": -12.381922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.664927, "energy": 59.912162, "activity_lines": [ 11.786923, 11.933615, 12.261912, 12.286398 ] }, { "date": "2025-02-07", "close": 11.676619, "volume": 456026, "typical_volume": 860645.85, "trend": 12.355784, "fair_value": 11.669045, "relative_strength": -12.579783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.395361, "energy": 61.677454, "activity_lines": [ 11.733346, 11.85196, 12.197755, 12.238311 ] }, { "date": "2025-02-14", "close": 11.629344, "volume": 689729, "typical_volume": 850408.55, "trend": 12.27857, "fair_value": 11.659928, "relative_strength": -11.398238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.31989, "energy": 64.293855, "activity_lines": [ 11.686073, 11.786637, 12.128195, 12.191444 ] }, { "date": "2025-02-21", "close": 11.818439, "volume": 631576, "typical_volume": 854157.5, "trend": 12.229721, "fair_value": 11.649217, "relative_strength": -11.868556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.84814, "energy": 54.512785, "activity_lines": [ 11.717589, 11.772884, 12.077769, 12.161758 ] }, { "date": "2025-02-28", "close": 12.57482, "volume": 5038247, "typical_volume": 1087718.7, "trend": 12.223418, "fair_value": 11.644477, "relative_strength": -3.333723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.323044, "energy": 13.496468, "activity_lines": [ 12.010686, 11.90697, 12.100281, 12.184023 ] }, { "date": "2025-03-07", "close": 13.236651, "volume": 2025370, "typical_volume": 1126161.75, "trend": 12.239176, "fair_value": 11.639768, "relative_strength": 4.029586, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.91218, "energy": 31.012902, "activity_lines": [ 12.458211, 12.151934, 12.183798, 12.249393 ] }, { "date": "2025-03-14", "close": 13.236651, "volume": 2737416, "typical_volume": 1103597.2, "trend": 12.275419, "fair_value": 11.638147, "relative_strength": 6.84632, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.095223, "energy": 45.441655, "activity_lines": [ 12.808036, 12.37455, 12.265063, 12.313746 ] }, { "date": "2025-03-21", "close": 13.425746, "volume": 1851761, "typical_volume": 1133938.0, "trend": 12.325844, "fair_value": 11.639424, "relative_strength": 7.093914, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.957704, "energy": 68.949948, "activity_lines": [ 13.116891, 12.6092, 12.365689, 12.387961 ] }, { "date": "2025-03-28", "close": 13.094831, "volume": 938880, "typical_volume": 1144873.45, "trend": 12.35736, "fair_value": 11.638298, "relative_strength": 7.228543, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.643365, "energy": 74.807266, "activity_lines": [ 13.195681, 12.755319, 12.433223, 12.437573 ] }, { "date": "2025-04-04", "close": 13.3312, "volume": 1199011, "typical_volume": 1158744.65, "trend": 12.406209, "fair_value": 11.639529, "relative_strength": 10.526764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.411045, "energy": 77.419151, "activity_lines": [ 13.268168, 12.923785, 12.522143, 12.500401 ] }, { "date": "2025-04-11", "close": 11.534797, "volume": 1710781, "typical_volume": 1123362.45, "trend": 12.418816, "fair_value": 11.629526, "relative_strength": 4.26436, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 8.217276, "energy": 11.724366, "activity_lines": [ 12.691428, 12.733831, 12.439526, 12.444181 ] }, { "date": "2025-04-18", "close": 11.723891, "volume": 605002, "typical_volume": 1126228.5, "trend": 12.426695, "fair_value": 11.622139, "relative_strength": 6.637062, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.098762, "energy": 20.146664, "activity_lines": [ 12.291177, 12.582555, 12.380772, 12.399347 ] }, { "date": "2025-04-25", "close": 11.818439, "volume": 295152, "typical_volume": 1116366.6, "trend": 12.425119, "fair_value": 11.6162, "relative_strength": 5.028165, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.014842, "energy": 28.077638, "activity_lines": [ 12.023292, 12.44761, 12.337325, 12.360105 ] }, { "date": "2025-05-02", "close": 12.243903, "volume": 500665, "typical_volume": 1117537.8, "trend": 12.432998, "fair_value": 11.614673, "relative_strength": 4.214107, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.01163, "energy": 35.357828, "activity_lines": [ 12.004383, 12.386584, 12.338, 12.348413 ] }, { "date": "2025-05-09", "close": 12.858461, "volume": 494001, "typical_volume": 1102336.1, "trend": 12.456635, "fair_value": 11.620735, "relative_strength": 8.89548, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -12.254473, "energy": 13.717513, "activity_lines": [ 12.247054, 12.42956, 12.39788, 12.375863 ] }, { "date": "2025-05-16", "close": 12.669366, "volume": 583906, "typical_volume": 1088231.05, "trend": 12.453483, "fair_value": 11.625024, "relative_strength": 2.988282, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.495478, "energy": 3.179968, "activity_lines": [ 12.45821, 12.432998, 12.435924, 12.389587 ] }, { "date": "2025-05-23", "close": 12.763914, "volume": 436059, "typical_volume": 1086064.45, "trend": 12.42827, "fair_value": 11.637218, "relative_strength": 4.896588, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.601548, "energy": 12.830834, "activity_lines": [ 12.625244, 12.463941, 12.479821, 12.409615 ] }, { "date": "2025-05-30", "close": 12.102081, "volume": 772110, "typical_volume": 1112105.35, "trend": 12.395179, "fair_value": 11.643204, "relative_strength": 0.987196, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.637765, "energy": 8.713211, "activity_lines": [ 12.502332, 12.383145, 12.457085, 12.388571 ] }, { "date": "2025-06-06", "close": 12.196629, "volume": 300240, "typical_volume": 1113674.3, "trend": 12.373118, "fair_value": 11.64755, "relative_strength": 0.50206, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.039686, "energy": 4.0044, "activity_lines": [ 12.392027, 12.343607, 12.442227, 12.375761 ] }, { "date": "2025-06-13", "close": 11.912987, "volume": 213113, "typical_volume": 1093002.25, "trend": 12.328996, "fair_value": 11.65064, "relative_strength": -3.421778, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.128186, "energy": 21.669864, "activity_lines": [ 12.190326, 12.268829, 12.399231, 12.346075 ] }, { "date": "2025-06-20", "close": 11.771165, "volume": 336092, "typical_volume": 1090756.85, "trend": 12.295904, "fair_value": 11.653663, "relative_strength": -4.247369, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.983528, "energy": 31.171877, "activity_lines": [ 12.004382, 12.19405, 12.341152, 12.310086 ] }, { "date": "2025-06-27", "close": 12.622093, "volume": 985278, "typical_volume": 1117219.45, "trend": 12.281722, "fair_value": 11.663825, "relative_strength": 0.294292, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.529956, "energy": 13.640187, "activity_lines": [ 12.161962, 12.269688, 12.364113, 12.33113 ] }, { "date": "2025-07-04", "close": 11.912987, "volume": 781081, "typical_volume": 1121787.05, "trend": 12.259661, "fair_value": 11.670845, "relative_strength": -5.031381, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.675481, "energy": 21.362277, "activity_lines": [ 12.092627, 12.200067, 12.315039, 12.307341 ] }, { "date": "2025-07-11", "close": 11.865713, "volume": 419123, "typical_volume": 1111164.4, "trend": 12.242327, "fair_value": 11.683739, "relative_strength": -6.064753, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.639639, "energy": 29.69456, "activity_lines": [ 12.020141, 12.120132, 12.260111, 12.281925 ] }, { "date": "2025-07-18", "close": 11.960259, "volume": 202023, "typical_volume": 869353.2, "trend": 12.239175, "fair_value": 11.696396, "relative_strength": -7.646768, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.805612, "energy": 18.710278, "activity_lines": [ 12.001231, 12.064262, 12.213963, 12.263727 ] }, { "date": "2025-07-25", "close": 12.196629, "volume": 666654, "typical_volume": 801417.4, "trend": 12.245479, "fair_value": 11.710569, "relative_strength": -5.553036, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.818757, "energy": 22.887947, "activity_lines": [ 12.057959, 12.067701, 12.193252, 12.260982 ] }, { "date": "2025-08-01", "close": 11.96026, "volume": 201677, "typical_volume": 674630.45, "trend": 12.243903, "fair_value": 11.721261, "relative_strength": -7.445331, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.833026, "energy": 34.230482, "activity_lines": [ 12.007534, 12.036758, 12.154983, 12.242581 ] }, { "date": "2025-08-08", "close": 12.007534, "volume": 237065, "typical_volume": 593895.65, "trend": 12.24863, "fair_value": 11.730291, "relative_strength": -9.064247, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.40034, "energy": 25.509162, "activity_lines": [ 12.016989, 12.029022, 12.127294, 12.227331 ] }, { "date": "2025-08-15", "close": 12.102081, "volume": 486482, "typical_volume": 571275.75, "trend": 12.253357, "fair_value": 11.737877, "relative_strength": -9.310331, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.485289, "energy": 18.101679, "activity_lines": [ 12.051656, 12.040196, 12.115363, 12.217877 ] }, { "date": "2025-08-22", "close": 12.048781, "volume": 499167, "typical_volume": 536283.55, "trend": 12.268915, "fair_value": 11.74395, "relative_strength": -7.459597, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.961242, "energy": 18.028502, "activity_lines": [ 12.052799, 12.043398, 12.103083, 12.204678 ] }, { "date": "2025-08-29", "close": 11.902439, "volume": 368577, "typical_volume": 469173.35, "trend": 12.27329, "fair_value": 11.749378, "relative_strength": -10.171256, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.303696, "energy": 23.330633, "activity_lines": [ 11.999259, 12.017523, 12.082973, 12.181035 ] }, { "date": "2025-09-05", "close": 11.804878, "volume": 231054, "typical_volume": 450475.95, "trend": 12.277566, "fair_value": 11.753009, "relative_strength": -11.700489, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.070701, "energy": 29.101159, "activity_lines": [ 11.932812, 11.971523, 12.05182, 12.150814 ] }, { "date": "2025-09-12", "close": 11.512196, "volume": 498050, "typical_volume": 460620.85, "trend": 12.273661, "fair_value": 11.756228, "relative_strength": -17.00203, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.847793, "energy": 50.338139, "activity_lines": [ 11.779163, 11.887166, 11.992407, 12.101436 ] }, { "date": "2025-09-19", "close": 11.707317, "volume": 778138, "typical_volume": 474494.5, "trend": 12.269957, "fair_value": 11.760991, "relative_strength": -15.728564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.471122, "energy": 51.477732, "activity_lines": [ 11.723577, 11.845574, 11.953036, 12.064897 ] }, { "date": "2025-09-26", "close": 11.463415, "volume": 1362042, "typical_volume": 517896.55, "trend": 12.23291, "fair_value": 11.757162, "relative_strength": -17.234571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.856868, "energy": 62.532221, "activity_lines": [ 11.613008, 11.762515, 11.892991, 12.012863 ] }, { "date": "2025-10-03", "close": 11.707317, "volume": 377450, "typical_volume": 507573.75, "trend": 12.181932, "fair_value": 11.757239, "relative_strength": -18.947861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.769127, "energy": 57.384481, "activity_lines": [ 11.622764, 11.732836, 11.862818, 11.978953 ] }, { "date": "2025-10-10", "close": 11.560976, "volume": 82000, "typical_volume": 489870.8, "trend": 12.126076, "fair_value": 11.762527, "relative_strength": -21.206076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.278224, "energy": 50.225043, "activity_lines": [ 11.596748, 11.685446, 11.823288, 11.938892 ] }, { "date": "2025-10-17", "close": 11.073172, "volume": 520891, "typical_volume": 477309.85, "trend": 12.047657, "fair_value": 11.764104, "relative_strength": -24.119875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.193763, "energy": 67.044394, "activity_lines": [ 11.424391, 11.556624, 11.74303, 11.870962 ] }, { "date": "2025-10-24", "close": 11.219513, "volume": 271733, "typical_volume": 475884.5, "trend": 11.985146, "fair_value": 11.772182, "relative_strength": -23.29499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.600355, "energy": 63.762611, "activity_lines": [ 11.330082, 11.471397, 11.681608, 11.817534 ] }, { "date": "2025-10-31", "close": 10.731708, "volume": 545500, "typical_volume": 492503.85, "trend": 11.898497, "fair_value": 11.778012, "relative_strength": -27.980738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.474703, "energy": 82.498009, "activity_lines": [ 11.105692, 11.313526, 11.578381, 11.736667 ] }, { "date": "2025-11-07", "close": 11.121951, "volume": 232852, "typical_volume": 487341.85, "trend": 11.884735, "fair_value": 11.785758, "relative_strength": -23.337872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.635148, "energy": 74.308907, "activity_lines": [ 11.060163, 11.250555, 11.517946, 11.686567 ] }, { "date": "2025-11-14", "close": 11.560976, "volume": 875320, "typical_volume": 481843.95, "trend": 11.879305, "fair_value": 11.79544, "relative_strength": -19.158369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.185787, "energy": 44.854175, "activity_lines": [ 11.2, 11.281597, 11.502414, 11.665679 ] }, { "date": "2025-11-21", "close": 11.512196, "volume": 1176050, "typical_volume": 501592.4, "trend": 11.869097, "fair_value": 11.803637, "relative_strength": -16.179954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.245119, "energy": 31.424153, "activity_lines": [ 11.323578, 11.308205, 11.48729, 11.641995 ] }, { "date": "2025-11-28", "close": 11.219513, "volume": 178089, "typical_volume": 489540.7, "trend": 11.83495, "fair_value": 11.808787, "relative_strength": -21.358213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.75868, "energy": 23.653715, "activity_lines": [ 11.320326, 11.281597, 11.446199, 11.600086 ] }, { "date": "2025-12-05", "close": 11.170732, "volume": 386329, "typical_volume": 498756.0, "trend": 11.778693, "fair_value": 11.81421, "relative_strength": -22.212144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.788313, "energy": 21.830818, "activity_lines": [ 11.300814, 11.254989, 11.403539, 11.557233 ] }, { "date": "2025-12-12", "close": 10.731708, "volume": 245201, "typical_volume": 477683.35, "trend": 11.714104, "fair_value": 11.811841, "relative_strength": -25.415929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.418912, "energy": 43.972418, "activity_lines": [ 11.105692, 11.153881, 11.322828, 11.489686 ] }, { "date": "2025-12-19", "close": 10.878049, "volume": 274135, "typical_volume": 481306.25, "trend": 11.651242, "fair_value": 11.809823, "relative_strength": -22.647917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.617405, "energy": 60.429425, "activity_lines": [ 10.985366, 11.097118, 11.263029, 11.435747 ] }, { "date": "2025-12-26", "close": 10.682927, "volume": 203537, "typical_volume": 479629.85, "trend": 11.603937, "fair_value": 11.808312, "relative_strength": -25.875011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.63403, "energy": 72.576039, "activity_lines": [ 10.845529, 11.017295, 11.189801, 11.373275 ] }, { "date": "2026-01-02", "close": 10.195122, "volume": 552806, "typical_volume": 482946.05, "trend": 11.53722, "fair_value": 11.803381, "relative_strength": -30.728141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.453774, "energy": 85.451137, "activity_lines": [ 10.598374, 10.855876, 11.076423, 11.282384 ] }, { "date": "2026-01-09", "close": 10.097562, "volume": 816560, "typical_volume": 498815.7, "trend": 11.476706, "fair_value": 11.798118, "relative_strength": -33.044352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.658276, "energy": 85.107776, "activity_lines": [ 10.386992, 10.695344, 10.962834, 11.189503 ] }, { "date": "2026-01-16", "close": 10.097562, "volume": 1200613, "typical_volume": 540417.5, "trend": 11.420919, "fair_value": 11.791976, "relative_strength": -34.933125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.241219, "energy": 85.905491, "activity_lines": [ 10.247155, 10.546342, 10.858537, 11.100526 ] }, { "date": "2026-01-23", "close": 9.95122, "volume": 522331, "typical_volume": 554981.35, "trend": 11.33189, "fair_value": 11.785189, "relative_strength": -36.518247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.678073, "energy": 87.103795, "activity_lines": [ 10.100814, 10.389358, 10.748897, 11.005706 ] }, { "date": "2026-01-30", "close": 10.04878, "volume": 670381, "typical_volume": 563597.9, "trend": 11.26975, "fair_value": 11.778734, "relative_strength": -35.628402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.893748, "energy": 77.463156, "activity_lines": [ 10.048781, 10.27938, 10.657376, 10.922925 ] }, { "date": "2026-02-06", "close": 9.902439, "volume": 1423174, "typical_volume": 595849.7, "trend": 11.204307, "fair_value": 11.771049, "relative_strength": -35.532293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.202428, "energy": 69.364584, "activity_lines": [ 9.990244, 10.169402, 10.558885, 10.834712 ] }, { "date": "2026-02-13", "close": 9.902439, "volume": 392723, "typical_volume": 547383.75, "trend": 11.135713, "fair_value": 11.763656, "relative_strength": -38.521133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.099052, "energy": 62.455921, "activity_lines": [ 9.95122, 10.083371, 10.46899, 10.75072 ] }, { "date": "2026-02-27", "close": 10.04878, "volume": 345516, "typical_volume": 545787.05, "trend": 11.064118, "fair_value": 11.757201, "relative_strength": -40.285577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.470271, "energy": 56.595529, "activity_lines": [ 9.973984, 10.047007, 10.400465, 10.680595 ] }, { "date": "2026-03-06", "close": 9.95122, "volume": 702384, "typical_volume": 576806.25, "trend": 10.99715, "fair_value": 11.74895, "relative_strength": -37.035772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.668011, "energy": 54.144102, "activity_lines": [ 9.96748, 10.005322, 10.330546, 10.608795 ] }, { "date": "2026-03-13", "close": 9.746342, "volume": 793155, "typical_volume": 590419.45, "trend": 10.921777, "fair_value": 11.740264, "relative_strength": -37.208222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.544307, "energy": 56.471117, "activity_lines": [ 9.892683, 9.943237, 10.248781, 10.528098 ] }, { "date": "2026-03-20", "close": 9.853659, "volume": 436682, "typical_volume": 598666.9, "trend": 10.84683, "fair_value": 11.731094, "relative_strength": -35.970334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.190081, "energy": 52.366953, "activity_lines": [ 9.873821, 9.917694, 10.183554, 10.459187 ] }, { "date": "2026-03-27", "close": 9.756098, "volume": 328139, "typical_volume": 587798.85, "trend": 10.770407, "fair_value": 11.722178, "relative_strength": -34.93339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.147491, "energy": 54.821933, "activity_lines": [ 9.825691, 9.880621, 10.11554, 10.388818 ] }, { "date": "2026-04-03", "close": 9.678049, "volume": 224153, "typical_volume": 587363.9, "trend": 10.696261, "fair_value": 11.712468, "relative_strength": -33.510898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.799278, "energy": 56.869491, "activity_lines": [ 9.761301, 9.835566, 10.044739, 10.318343 ] }, { "date": "2026-04-10", "close": 9.853659, "volume": 181095, "typical_volume": 552652.65, "trend": 10.63122, "fair_value": 11.703298, "relative_strength": -36.797225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.457331, "energy": 51.343599, "activity_lines": [ 9.780163, 9.830067, 9.997538, 10.263981 ] }, { "date": "2026-04-17", "close": 10.292684, "volume": 728302, "typical_volume": 530265.25, "trend": 10.590569, "fair_value": 11.695479, "relative_strength": -35.593274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.286793, "energy": 31.897985, "activity_lines": [ 9.951871, 9.906165, 10.000279, 10.24214 ] }, { "date": "2026-04-24", "close": 9.853659, "volume": 566152, "typical_volume": 549668.4, "trend": 10.528781, "fair_value": 11.683088, "relative_strength": -40.789351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.936073, "energy": 29.042342, "activity_lines": [ 9.940814, 9.898005, 9.967015, 10.194598 ] }, { "date": "2026-05-01", "close": 9.756098, "volume": 258588, "typical_volume": 543281.35, "trend": 10.47187, "fair_value": 11.673, "relative_strength": -40.445002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.495712, "energy": 28.103257, "activity_lines": [ 9.897236, 9.872994, 9.930964, 10.144747 ] }, { "date": "2026-05-08", "close": 9.804878, "volume": 521802, "typical_volume": 557111.4, "trend": 10.408456, "fair_value": 11.662053, "relative_strength": -43.07987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.785996, "energy": 27.642491, "activity_lines": [ 9.869919, 9.859513, 9.906295, 10.101716 ] }, { "date": "2026-05-15", "close": 9.707317, "volume": 379110, "typical_volume": 562360.15, "trend": 10.346667, "fair_value": 11.64931, "relative_strength": -42.035087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.984868, "energy": 46.160533, "activity_lines": [ 9.801626, 9.832728, 9.876748, 10.056481 ] }, { "date": "2026-05-22", "close": 9.570732, "volume": 570237, "typical_volume": 580695.15, "trend": 10.296586, "fair_value": 11.638619, "relative_strength": -43.38562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.55669, "energy": 64.478666, "activity_lines": [ 9.697561, 9.785544, 9.839768, 10.00642 ] }, { "date": "2026-05-29", "close": 9.629269, "volume": 800243, "typical_volume": 593067.0, "trend": 10.243578, "fair_value": 11.627718, "relative_strength": -45.191892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.996946, "energy": 60.356364, "activity_lines": [ 9.661139, 9.752195, 9.813659, 9.963368 ] }, { "date": "2026-06-05", "close": 10.292684, "volume": 1205252, "typical_volume": 612501.6, "trend": 10.228943, "fair_value": 11.619606, "relative_strength": -40.8751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.700596, "energy": 14.482018, "activity_lines": [ 9.860814, 9.843548, 9.853427, 9.966536 ] }, { "date": "2026-06-12", "close": 9.95122, "volume": 357706, "typical_volume": 570356.25, "trend": 10.189919, "fair_value": 11.610183, "relative_strength": -40.671584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.227666, "energy": 10.013655, "activity_lines": [ 9.910895, 9.86306, 9.859745, 9.948618 ] }, { "date": "2026-06-19", "close": 10.0, "volume": 242313, "typical_volume": 556355.35, "trend": 10.137887, "fair_value": 11.599609, "relative_strength": -42.380101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.199571, "energy": 13.341905, "activity_lines": [ 9.96748, 9.886475, 9.871406, 9.936365 ] }, { "date": "2026-06-26", "close": 9.853659, "volume": 613834, "typical_volume": 553528.0, "trend": 10.082602, "fair_value": 11.586632, "relative_strength": -39.842347, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.670835, "energy": 15.452763, "activity_lines": [ 9.955773, 9.880621, 9.868897, 9.918028 ] }, { "date": "2026-07-03", "close": 11.073172, "volume": 1811042, "typical_volume": 572921.4, "trend": 10.077724, "fair_value": 11.580008, "relative_strength": -34.484178, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.14304, "energy": 51.860456, "activity_lines": [ 10.331708, 10.10448, 9.983462, 9.981936 ] }, { "date": "2026-07-10", "close": 10.243902, "volume": 0, "typical_volume": 553285.25, "trend": 10.04683, "fair_value": 11.570705, "relative_strength": -36.46201, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.818246, "energy": 42.553428, "activity_lines": [ 10.33496, 10.155388, 10.013473, 9.992657 ] }, { "date": "2026-07-17", "close": 10.195122, "volume": 525341, "typical_volume": 562276.5, "trend": 10.028943, "fair_value": 11.562845, "relative_strength": -31.744476, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.236174, "energy": 40.146868, "activity_lines": [ 10.325203, 10.188559, 10.037213, 10.002224 ] }, { "date": "2026-07-24", "close": 10.195122, "volume": 393013, "typical_volume": 546807.95, "trend": 10.006179, "fair_value": 11.554986, "relative_strength": -32.247719, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 51.261794, "energy": 49.653112, "activity_lines": [ 10.299187, 10.214634, 10.060256, 10.012946 ] }, { "date": "2026-07-31", "close": 9.95122, "volume": 458357, "typical_volume": 530068.05, "trend": 9.981789, "fair_value": 11.54527, "relative_strength": -31.94211, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 28.201333, "energy": 13.449437, "activity_lines": [ 10.178862, 10.187495, 10.058909, 10.0094 ] }, { "date": "2026-08-07", "close": 10.05, "volume": 275233, "typical_volume": 521995.6, "trend": 9.976952, "fair_value": 11.536773, "relative_strength": -31.892072, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.912574, "energy": 15.136225, "activity_lines": [ 10.084959, 10.171397, 10.065993, 10.0138 ] }, { "date": "2026-08-14", "close": 9.94, "volume": 206701, "typical_volume": 515923.7, "trend": 9.971699, "fair_value": 11.527864, "relative_strength": -33.890401, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.994811, "energy": 13.846998, "activity_lines": [ 10.022602, 10.12765, 10.061667, 10.011417 ] } ], "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." } } }