{ "ticker": { "uuid": "ce94068e-3fe1-4e37-8af5-4762f8060d67", "symbol": "002237", "name": "Shandong Humon Smelting Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 84.331, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -44.804, "architecture_energy": 32.462, "architecture_maturity": 30.589, "architecture_confidence": 67.769, "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": 30.51, "rotation_up": 23.56, "upward_expansion": 10.84, "deceleration": 60.66, "rotation_down": 42.16, "downward_expansion": 69.84 }, "activity_lines": [ 13.312, 13.268364, 13.799941, 14.418363 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 14.25, "trend_reference": 15.207204, "distance_from_trend": -0.062944, "trend_direction": "Improving", "fair_value": 12.110414, "distance_from_fair_value": 0.176673, "fair_value_direction": "Weakening", "relative_strength": -4.355971, "relative_strength_direction": "Weakening", "price_momentum": -0.310261, "excess_performance": -0.317661, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.062944, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.002615, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.176673, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.247451, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.04356, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.041212, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.310261, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.825364, "read": "Supply-led" } ], "volume": { "latest": 147649263, "relative_activity": 1.179626, "balance": 0.825364, "dry_up": 1.024381, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.090909, "annualized_volatility": 0.522995, "from_high_reference": -0.395161, "from_low_reference": 0.205584 }, "levels": { "trend_reference": 15.207204, "fair_value_reference": 12.110414, "structural_low": 12.05, "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": 17, "median_return": 0.03691, "positive_rate": 0.647059, "directional_follow_through": 0.352941, "median_excess_return": 0.003064, "regime_survival": 0.764706, "best_return": 0.192691, "worst_return": -0.099258, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.015464, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.072284, "regime_survival": 0.428571, "best_return": 0.254707, "worst_return": -0.197855, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.133971, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.098188, "regime_survival": 0.25, "best_return": 0.250281, "worst_return": -0.18545, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.058313, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": 0.032969, "regime_survival": 0.0, "best_return": -0.056883, "worst_return": -0.059744, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-08-09", "tenure": "Developing", "return": -0.07679, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-09-06", "tenure": "New", "return": -0.109482, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-10-25", "tenure": "Developing", "return": 0.249158, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2025-02-07", "tenure": "Established", "return": 0.009821, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": -0.049632, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": 0.10109, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.023723, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-06-13", "tenure": "Developing", "return": 0.182541, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-10-31", "tenure": "Established", "return": 0.130769, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2026-01-16", "tenure": "Developing", "return": 0.112593, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-13", "tenure": "Developing", "return": -0.023837, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-29", "tenure": "Developing", "return": -0.108941, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-05", "end": "2026-07-03", "tenure": "Developing", "return": 0.035445, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.109813, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 11.414447, "volume": 43485514, "typical_volume": 73229696.85, "trend": 11.255941, "fair_value": 11.557361, "relative_strength": 10.243235, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.219123, "energy": 13.393373, "activity_lines": [ 11.269285, 11.085835, 11.263241, 11.307733 ] }, { "date": "2023-08-04", "close": 11.599969, "volume": 40382081, "typical_volume": 68277359.6, "trend": 11.299554, "fair_value": 11.529309, "relative_strength": 10.050996, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.620562, "energy": 24.589682, "activity_lines": [ 11.428118, 11.189159, 11.276911, 11.329929 ] }, { "date": "2023-08-11", "close": 11.414447, "volume": 45384256, "typical_volume": 61511735.0, "trend": 11.328522, "fair_value": 11.492819, "relative_strength": 12.000993, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.177553, "energy": 21.075702, "activity_lines": [ 11.460665, 11.246679, 11.272633, 11.337341 ] }, { "date": "2023-08-18", "close": 10.96529, "volume": 32934953, "typical_volume": 59052223.55, "trend": 11.338286, "fair_value": 11.443537, "relative_strength": 10.662113, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.303261, "energy": 18.626244, "activity_lines": [ 11.29988, 11.220404, 11.225997, 11.313907 ] }, { "date": "2023-08-25", "close": 11.219161, "volume": 49831630, "typical_volume": 56058935.7, "trend": 11.343494, "fair_value": 11.398608, "relative_strength": 16.17934, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.937962, "energy": 8.286448, "activity_lines": [ 11.254313, 11.245259, 11.205771, 11.306221 ] }, { "date": "2023-09-01", "close": 11.453505, "volume": 58066795, "typical_volume": 51645800.3, "trend": 11.344796, "fair_value": 11.372777, "relative_strength": 14.116518, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.008027, "energy": 9.132517, "activity_lines": [ 11.297927, 11.30491, 11.213164, 11.313319 ] }, { "date": "2023-09-08", "close": 11.658554, "volume": 47430427, "typical_volume": 49111861.7, "trend": 11.367253, "fair_value": 11.347888, "relative_strength": 17.433545, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.33095, "energy": 10.059761, "activity_lines": [ 11.407287, 11.383379, 11.247478, 11.333561 ] }, { "date": "2023-09-15", "close": 12.420169, "volume": 93173500, "typical_volume": 49831728.2, "trend": 11.427467, "fair_value": 11.329864, "relative_strength": 25.729814, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.154616, "energy": 52.346673, "activity_lines": [ 11.766613, 11.581683, 11.357024, 11.401491 ] }, { "date": "2023-09-22", "close": 12.176062, "volume": 59291963, "typical_volume": 50548514.85, "trend": 11.466524, "fair_value": 11.311267, "relative_strength": 21.971608, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.281152, "energy": 57.443476, "activity_lines": [ 11.977521, 11.705423, 11.441183, 11.449788 ] }, { "date": "2023-09-29", "close": 11.834311, "volume": 30455796, "typical_volume": 48963038.5, "trend": 11.493213, "fair_value": 11.295869, "relative_strength": 18.519289, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.157681, "energy": 56.526997, "activity_lines": [ 11.993795, 11.753357, 11.493399, 11.473516 ] }, { "date": "2023-10-13", "close": 11.707376, "volume": 48141584, "typical_volume": 49062721.8, "trend": 11.519251, "fair_value": 11.277861, "relative_strength": 17.067754, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.100384, "energy": 48.995526, "activity_lines": [ 11.926747, 11.770045, 11.531247, 11.487333 ] }, { "date": "2023-10-20", "close": 11.394919, "volume": 46715411, "typical_volume": 49620687.5, "trend": 11.514369, "fair_value": 11.263177, "relative_strength": 19.025336, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.303127, "energy": 15.608567, "activity_lines": [ 11.738622, 11.724597, 11.53664, 11.479312 ] }, { "date": "2023-10-27", "close": 11.355863, "volume": 45476437, "typical_volume": 49535366.15, "trend": 11.509487, "fair_value": 11.248677, "relative_strength": 15.422268, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.652811, "energy": 9.472029, "activity_lines": [ 11.555054, 11.675775, 11.536129, 11.469086 ] }, { "date": "2023-11-03", "close": 11.072699, "volume": 35234377, "typical_volume": 48751901.15, "trend": 11.497444, "fair_value": 11.231061, "relative_strength": 10.925788, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.96445, "energy": 21.621203, "activity_lines": [ 11.348051, 11.576535, 11.508371, 11.440906 ] }, { "date": "2023-11-10", "close": 10.789533, "volume": 41438451, "typical_volume": 47354619.25, "trend": 11.446019, "fair_value": 11.205311, "relative_strength": 6.310896, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.870634, "energy": 34.646501, "activity_lines": [ 11.120218, 11.423857, 11.454435, 11.395234 ] }, { "date": "2023-11-17", "close": 10.96529, "volume": 40303486, "typical_volume": 48278359.95, "trend": 11.377994, "fair_value": 11.187316, "relative_strength": 7.514064, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.544066, "energy": 42.97349, "activity_lines": [ 11.020622, 11.310946, 11.417237, 11.364219 ] }, { "date": "2023-11-24", "close": 10.760241, "volume": 29920953, "typical_volume": 48117079.65, "trend": 11.329173, "fair_value": 11.170299, "relative_strength": 6.774734, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.605774, "energy": 54.560079, "activity_lines": [ 10.902148, 11.169631, 11.358001, 11.324364 ] }, { "date": "2023-12-01", "close": 10.926233, "volume": 37677601, "typical_volume": 47546192.4, "trend": 11.294347, "fair_value": 11.148646, "relative_strength": 9.371894, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.798868, "energy": 45.945787, "activity_lines": [ 10.881318, 11.074828, 11.313968, 11.298368 ] }, { "date": "2023-12-08", "close": 10.730947, "volume": 47650137, "typical_volume": 46265834.6, "trend": 11.241945, "fair_value": 11.129521, "relative_strength": 8.956065, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.859152, "energy": 44.495183, "activity_lines": [ 10.824034, 10.971682, 11.250547, 11.26202 ] }, { "date": "2023-12-15", "close": 10.555191, "volume": 33448444, "typical_volume": 45322189.8, "trend": 11.215256, "fair_value": 11.108463, "relative_strength": 8.711405, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.271266, "energy": 45.941744, "activity_lines": [ 10.730948, 10.862854, 11.173688, 11.217713 ] }, { "date": "2023-12-22", "close": 10.262261, "volume": 22470812, "typical_volume": 44271454.7, "trend": 11.185963, "fair_value": 11.087759, "relative_strength": 7.205782, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.056141, "energy": 67.224304, "activity_lines": [ 10.555841, 10.724024, 11.072884, 11.156229 ] }, { "date": "2023-12-29", "close": 10.525897, "volume": 32392652, "typical_volume": 43871983.25, "trend": 11.172293, "fair_value": 11.068372, "relative_strength": 6.067826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.182079, "energy": 62.801664, "activity_lines": [ 10.515482, 10.659402, 11.002674, 11.113645 ] }, { "date": "2024-01-05", "close": 10.662598, "volume": 41095555, "typical_volume": 43657548.2, "trend": 11.151137, "fair_value": 11.053641, "relative_strength": 11.708399, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.96337, "energy": 57.808978, "activity_lines": [ 10.536313, 10.635435, 10.950597, 11.080761 ] }, { "date": "2024-01-12", "close": 10.086505, "volume": 40131846, "typical_volume": 44017392.85, "trend": 11.112731, "fair_value": 11.034164, "relative_strength": 6.718102, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.54489, "energy": 66.069136, "activity_lines": [ 10.382688, 10.519329, 10.847236, 11.012075 ] }, { "date": "2024-01-19", "close": 9.46159, "volume": 31800191, "typical_volume": 43115820.9, "trend": 11.068466, "fair_value": 11.013469, "relative_strength": 2.211133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.107605, "energy": 76.745098, "activity_lines": [ 10.063721, 10.307533, 10.688543, 10.90555 ] }, { "date": "2024-01-26", "close": 9.481119, "volume": 42305575, "typical_volume": 42327759.9, "trend": 11.03657, "fair_value": 10.993766, "relative_strength": 2.407507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.613914, "energy": 81.520544, "activity_lines": [ 9.824171, 10.123431, 10.540079, 10.80314 ] }, { "date": "2024-02-02", "close": 8.670684, "volume": 59409135, "typical_volume": 42926695.3, "trend": 10.971149, "fair_value": 10.971904, "relative_strength": 1.58532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.327455, "energy": 93.022265, "activity_lines": [ 9.366552, 9.818963, 10.323823, 10.650502 ] }, { "date": "2024-02-09", "close": 9.129605, "volume": 72767444, "typical_volume": 41906392.5, "trend": 10.916794, "fair_value": 10.956454, "relative_strength": -2.468583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.13229, "energy": 84.522235, "activity_lines": [ 9.185587, 9.635927, 10.165503, 10.531693 ] }, { "date": "2024-02-23", "close": 9.373713, "volume": 52975805, "typical_volume": 41590584.6, "trend": 10.848444, "fair_value": 10.94325, "relative_strength": -2.813072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.215972, "energy": 72.418595, "activity_lines": [ 9.188191, 9.529941, 10.046099, 10.43214 ] }, { "date": "2024-03-01", "close": 9.637348, "volume": 69531343, "typical_volume": 43544361.95, "trend": 10.790184, "fair_value": 10.925354, "relative_strength": -4.14904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.879288, "energy": 54.346097, "activity_lines": [ 9.326193, 9.496565, 9.965149, 10.354004 ] }, { "date": "2024-03-08", "close": 10.242733, "volume": 132476247, "typical_volume": 47761095.1, "trend": 10.751127, "fair_value": 10.918712, "relative_strength": 2.291596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.451141, "energy": 31.265539, "activity_lines": [ 9.654273, 9.589947, 9.952316, 10.318685 ] }, { "date": "2024-03-15", "close": 10.496605, "volume": 85948613, "typical_volume": 49722755.2, "trend": 10.714348, "fair_value": 10.910785, "relative_strength": 1.8743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.559151, "energy": 21.184654, "activity_lines": [ 10.016202, 9.729842, 9.970635, 10.302264 ] }, { "date": "2024-03-22", "close": 10.379434, "volume": 79777270, "typical_volume": 51437796.85, "trend": 10.679848, "fair_value": 10.89808, "relative_strength": 0.998135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.543172, "energy": 23.030692, "activity_lines": [ 10.217347, 9.848967, 9.982074, 10.280657 ] }, { "date": "2024-03-29", "close": 11.082462, "volume": 78106069, "typical_volume": 53581381.45, "trend": 10.683754, "fair_value": 10.892235, "relative_strength": 9.423812, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.082284, "energy": 26.080697, "activity_lines": [ 10.569512, 10.101063, 10.065116, 10.306632 ] }, { "date": "2024-04-05", "close": 11.883134, "volume": 85534678, "typical_volume": 55786192.8, "trend": 10.705886, "fair_value": 10.892453, "relative_strength": 15.033859, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 43.892625, "energy": 46.018084, "activity_lines": [ 11.074651, 10.480627, 10.224367, 10.384011 ] }, { "date": "2024-04-12", "close": 12.459227, "volume": 215939314, "typical_volume": 64567984.2, "trend": 10.73941, "fair_value": 10.897045, "relative_strength": 23.921921, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.280621, "energy": 67.288671, "activity_lines": [ 11.622102, 10.920908, 10.433277, 10.49713 ] }, { "date": "2024-04-19", "close": 11.707376, "volume": 137820720, "typical_volume": 69962972.55, "trend": 10.741038, "fair_value": 10.896632, "relative_strength": 15.330385, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.998954, "energy": 65.068076, "activity_lines": [ 11.77117, 11.170341, 10.563467, 10.559579 ] }, { "date": "2024-04-26", "close": 11.99054, "volume": 114682400, "typical_volume": 73813212.5, "trend": 10.726717, "fair_value": 10.899583, "relative_strength": 15.4832, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.521382, "energy": 65.363149, "activity_lines": [ 11.933908, 11.416046, 10.716115, 10.640192 ] }, { "date": "2024-05-03", "close": 11.892898, "volume": 48872157, "typical_volume": 73874313.5, "trend": 10.717278, "fair_value": 10.901969, "relative_strength": 12.729138, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.902781, "energy": 55.31505, "activity_lines": [ 11.956691, 11.59198, 10.854396, 10.71543 ] }, { "date": "2024-05-10", "close": 12.761918, "volume": 117737388, "typical_volume": 78088760.7, "trend": 10.748198, "fair_value": 10.908564, "relative_strength": 18.644692, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.961338, "energy": 62.053391, "activity_lines": [ 12.215119, 11.880115, 11.069908, 10.847342 ] }, { "date": "2024-05-17", "close": 12.664276, "volume": 85855532, "typical_volume": 81257996.7, "trend": 10.780095, "fair_value": 10.914718, "relative_strength": 17.58427, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.879554, "energy": 68.301133, "activity_lines": [ 12.382413, 12.093687, 11.265612, 10.97096 ] }, { "date": "2024-05-24", "close": 12.342054, "volume": 134579281, "typical_volume": 86367328.15, "trend": 10.811666, "fair_value": 10.917816, "relative_strength": 17.490156, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.501094, "energy": 52.826076, "activity_lines": [ 12.428631, 12.204644, 11.41919, 11.071732 ] }, { "date": "2024-05-31", "close": 12.215119, "volume": 102797106, "typical_volume": 89452405.7, "trend": 10.840308, "fair_value": 10.921215, "relative_strength": 16.42682, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.461715, "energy": 47.488257, "activity_lines": [ 12.390225, 12.258969, 11.552031, 11.162277 ] }, { "date": "2024-06-07", "close": 11.834311, "volume": 85830691, "typical_volume": 91737347.95, "trend": 10.865695, "fair_value": 10.917836, "relative_strength": 13.583456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.472021, "energy": 35.047199, "activity_lines": [ 12.209911, 12.21068, 11.641211, 11.226406 ] }, { "date": "2024-06-14", "close": 11.447773, "volume": 51435521, "typical_volume": 92719114.45, "trend": 10.887636, "fair_value": 10.91328, "relative_strength": 9.521185, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.182027, "energy": 23.264241, "activity_lines": [ 11.904657, 12.078442, 11.685256, 11.26396 ] }, { "date": "2024-06-21", "close": 11.516913, "volume": 57065767, "typical_volume": 93457124.05, "trend": 10.906023, "fair_value": 10.91033, "relative_strength": 12.023358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.628885, "energy": 21.122883, "activity_lines": [ 11.710059, 11.96669, 11.726427, 11.304558 ] }, { "date": "2024-06-28", "close": 11.368755, "volume": 49310872, "typical_volume": 92952210.9, "trend": 10.926307, "fair_value": 10.906991, "relative_strength": 12.652002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.538606, "energy": 21.736379, "activity_lines": [ 11.542566, 11.845133, 11.743793, 11.334412 ] }, { "date": "2024-07-05", "close": 11.684828, "volume": 49418966, "typical_volume": 91784787.0, "trend": 10.951594, "fair_value": 10.907735, "relative_strength": 17.034043, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.535419, "energy": 19.733312, "activity_lines": [ 11.545317, 11.787201, 11.778414, 11.383349 ] }, { "date": "2024-07-12", "close": 12.04041, "volume": 83624709, "typical_volume": 93317232.2, "trend": 10.995243, "fair_value": 10.910322, "relative_strength": 17.656829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.660717, "energy": 14.477993, "activity_lines": [ 11.701948, 11.799478, 11.834732, 11.453595 ] }, { "date": "2024-07-19", "close": 11.852741, "volume": 94445381, "typical_volume": 94562934.1, "trend": 11.038494, "fair_value": 10.913201, "relative_strength": 14.529801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.309107, "energy": 16.656908, "activity_lines": [ 11.782283, 11.774952, 11.860478, 11.508917 ] }, { "date": "2024-07-26", "close": 10.687222, "volume": 62148962, "typical_volume": 91046569.85, "trend": 11.05266, "fair_value": 10.908485, "relative_strength": 6.570147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.431061, "energy": 6.846673, "activity_lines": [ 11.447114, 11.555043, 11.764673, 11.486255 ] }, { "date": "2024-08-02", "close": 11.230473, "volume": 59528588, "typical_volume": 89725568.6, "trend": 11.076145, "fair_value": 10.908061, "relative_strength": 12.078402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.424687, "energy": 10.354854, "activity_lines": [ 11.348342, 11.469854, 11.71849, 11.497727 ] }, { "date": "2024-08-09", "close": 10.568694, "volume": 49907719, "typical_volume": 88232091.05, "trend": 11.073015, "fair_value": 10.901774, "relative_strength": 7.076847, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.645038, "energy": 37.665369, "activity_lines": [ 11.038195, 11.284552, 11.605785, 11.464988 ] }, { "date": "2024-08-16", "close": 10.104462, "volume": 44339981, "typical_volume": 86543786.65, "trend": 11.073614, "fair_value": 10.892699, "relative_strength": 2.612265, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.518413, "energy": 56.372846, "activity_lines": [ 10.647713, 11.04478, 11.447967, 11.4025 ] }, { "date": "2024-08-23", "close": 9.897039, "volume": 59023867, "typical_volume": 85218246.1, "trend": 11.088129, "fair_value": 10.880799, "relative_strength": 2.31268, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.264214, "energy": 67.314987, "activity_lines": [ 10.317153, 10.798745, 11.275051, 11.326592 ] }, { "date": "2024-08-30", "close": 9.561212, "volume": 53001851, "typical_volume": 77071372.95, "trend": 11.090799, "fair_value": 10.868615, "relative_strength": -3.283273, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.396796, "energy": 74.306195, "activity_lines": [ 10.005031, 10.519847, 11.079609, 11.228082 ] }, { "date": "2024-09-06", "close": 8.998206, "volume": 66826848, "typical_volume": 73521679.35, "trend": 11.101716, "fair_value": 10.853695, "relative_strength": -6.539985, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.802062, "energy": 89.804335, "activity_lines": [ 9.580308, 10.174142, 10.844348, 11.093076 ] }, { "date": "2024-09-13", "close": 8.80066, "volume": 51563508, "typical_volume": 70365734.75, "trend": 11.090751, "fair_value": 10.832522, "relative_strength": -6.917922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.037181, "energy": 91.636381, "activity_lines": [ 9.238553, 9.83562, 10.603173, 10.94462 ] }, { "date": "2024-09-20", "close": 9.185875, "volume": 45970611, "typical_volume": 70220657.45, "trend": 11.08449, "fair_value": 10.810891, "relative_strength": -3.951288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.216695, "energy": 85.609294, "activity_lines": [ 9.143073, 9.619577, 10.413876, 10.821725 ] }, { "date": "2024-09-27", "close": 10.321762, "volume": 107177259, "typical_volume": 69692651.0, "trend": 11.107304, "fair_value": 10.794484, "relative_strength": -8.196884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.240168, "energy": 55.117039, "activity_lines": [ 9.487461, 9.66196, 10.345648, 10.772517 ] }, { "date": "2024-10-04", "close": 11.111945, "volume": 43866645, "typical_volume": 67593206.65, "trend": 11.136277, "fair_value": 10.785448, "relative_strength": -10.489317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.966658, "energy": 26.862695, "activity_lines": [ 10.066928, 9.875848, 10.364297, 10.772816 ] }, { "date": "2024-10-11", "close": 10.479799, "volume": 138418052, "typical_volume": 67785145.2, "trend": 11.135717, "fair_value": 10.768558, "relative_strength": -11.459744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.491999, "energy": 25.428889, "activity_lines": [ 10.332298, 9.967078, 10.330132, 10.730463 ] }, { "date": "2024-10-18", "close": 11.032928, "volume": 123062869, "typical_volume": 68798433.35, "trend": 11.1575, "fair_value": 10.757271, "relative_strength": -9.314153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.224856, "energy": 25.063412, "activity_lines": [ 10.683271, 10.172526, 10.357515, 10.723831 ] }, { "date": "2024-10-25", "close": 10.993418, "volume": 103572167, "typical_volume": 69685507.15, "trend": 11.154532, "fair_value": 10.750965, "relative_strength": -11.644733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.812612, "energy": 25.676525, "activity_lines": [ 10.872257, 10.362349, 10.386764, 10.713245 ] }, { "date": "2024-11-01", "close": 11.062559, "volume": 101220784, "typical_volume": 72174770.3, "trend": 11.12718, "fair_value": 10.747969, "relative_strength": -9.53679, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.463733, "energy": 20.576364, "activity_lines": [ 10.963786, 10.548581, 10.426603, 10.707312 ] }, { "date": "2024-11-08", "close": 11.428019, "volume": 114533465, "typical_volume": 75048155.2, "trend": 11.092806, "fair_value": 10.746319, "relative_strength": -12.317034, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.583893, "energy": 33.243202, "activity_lines": [ 11.127749, 10.780069, 10.503081, 10.726721 ] }, { "date": "2024-11-15", "close": 10.627958, "volume": 87384040, "typical_volume": 76951813.6, "trend": 11.056826, "fair_value": 10.739789, "relative_strength": -15.195294, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.148417, "energy": 16.014169, "activity_lines": [ 11.003954, 10.832149, 10.503787, 10.69673 ] }, { "date": "2024-11-22", "close": 10.637836, "volume": 74820563, "typical_volume": 78221893.45, "trend": 11.011735, "fair_value": 10.734445, "relative_strength": -12.478609, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.968983, "energy": 11.090445, "activity_lines": [ 10.873574, 10.856393, 10.508961, 10.669699 ] }, { "date": "2024-11-29", "close": 10.450168, "volume": 62216603, "typical_volume": 77151488.15, "trend": 10.963644, "fair_value": 10.729767, "relative_strength": -15.27204, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.55493, "energy": 11.150574, "activity_lines": [ 10.706977, 10.813113, 10.501247, 10.633469 ] }, { "date": "2024-12-06", "close": 10.460045, "volume": 51182221, "typical_volume": 74988330.15, "trend": 10.886915, "fair_value": 10.723906, "relative_strength": -16.38952, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.000682, "energy": 19.9836, "activity_lines": [ 10.579889, 10.748641, 10.502047, 10.600978 ] }, { "date": "2024-12-13", "close": 10.568694, "volume": 74080520, "typical_volume": 75584908.05, "trend": 10.817063, "fair_value": 10.717245, "relative_strength": -14.710484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.086687, "energy": 19.538014, "activity_lines": [ 10.529186, 10.70141, 10.519826, 10.580448 ] }, { "date": "2024-12-20", "close": 10.213113, "volume": 42220128, "typical_volume": 74719485.05, "trend": 10.746098, "fair_value": 10.709116, "relative_strength": -16.836965, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.734604, "energy": 24.919818, "activity_lines": [ 10.417243, 10.599404, 10.504304, 10.541483 ] }, { "date": "2024-12-27", "close": 10.282253, "volume": 39456309, "typical_volume": 74196914.55, "trend": 10.681669, "fair_value": 10.702489, "relative_strength": -16.171623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.741584, "energy": 24.533928, "activity_lines": [ 10.356004, 10.514819, 10.500212, 10.511558 ] }, { "date": "2025-01-03", "close": 9.897039, "volume": 49479212, "typical_volume": 74453876.1, "trend": 10.617093, "fair_value": 10.693393, "relative_strength": -12.939866, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.710816, "energy": 39.445914, "activity_lines": [ 10.190065, 10.373843, 10.460797, 10.460937 ] }, { "date": "2025-01-10", "close": 9.936549, "volume": 47118355, "typical_volume": 73858600.5, "trend": 10.566719, "fair_value": 10.684051, "relative_strength": -11.459365, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.658695, "energy": 51.978498, "activity_lines": [ 10.074172, 10.259985, 10.426133, 10.417031 ] }, { "date": "2025-01-17", "close": 10.558817, "volume": 69543183, "typical_volume": 74685667.1, "trend": 10.534783, "fair_value": 10.677515, "relative_strength": -9.17257, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.622937, "energy": 34.159462, "activity_lines": [ 10.200601, 10.279739, 10.450544, 10.416521 ] }, { "date": "2025-01-24", "close": 10.65759, "volume": 55769294, "typical_volume": 74132789.4, "trend": 10.511077, "fair_value": 10.672982, "relative_strength": -9.43048, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.263191, "energy": 14.010857, "activity_lines": [ 10.360613, 10.333256, 10.479611, 10.424444 ] }, { "date": "2025-01-31", "close": 10.687222, "volume": 10841700, "typical_volume": 72096699.0, "trend": 10.477824, "fair_value": 10.66864, "relative_strength": -7.910514, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.866262, "energy": 10.29811, "activity_lines": [ 10.500871, 10.391622, 10.503599, 10.435808 ] }, { "date": "2025-02-07", "close": 11.171209, "volume": 51642365, "typical_volume": 72380286.7, "trend": 10.44885, "fair_value": 10.666776, "relative_strength": -7.530983, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.351327, "energy": 40.774855, "activity_lines": [ 10.775459, 10.537087, 10.564697, 10.480543 ] }, { "date": "2025-02-14", "close": 10.746486, "volume": 97339692, "typical_volume": 71888408.35, "trend": 10.411975, "fair_value": 10.662627, "relative_strength": -12.429956, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.186156, "energy": 48.307592, "activity_lines": [ 10.823529, 10.592221, 10.575891, 10.499745 ] }, { "date": "2025-02-21", "close": 10.213113, "volume": 73460377, "typical_volume": 73368094.95, "trend": 10.396171, "fair_value": 10.655494, "relative_strength": -18.464608, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.596201, "energy": 25.871955, "activity_lines": [ 10.639811, 10.545169, 10.534265, 10.486915 ] }, { "date": "2025-02-28", "close": 9.966181, "volume": 62240379, "typical_volume": 69559211.3, "trend": 10.354028, "fair_value": 10.65083, "relative_strength": -17.471152, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.626237, "energy": 2.735686, "activity_lines": [ 10.39683, 10.459686, 10.473403, 10.459174 ] }, { "date": "2025-03-07", "close": 10.647713, "volume": 77618474, "typical_volume": 67286991.55, "trend": 10.356662, "fair_value": 10.649537, "relative_strength": -13.555261, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.413556, "energy": 19.29178, "activity_lines": [ 10.427121, 10.502607, 10.479893, 10.478121 ] }, { "date": "2025-03-14", "close": 11.003296, "volume": 91675946, "typical_volume": 66692180.5, "trend": 10.386623, "fair_value": 10.647283, "relative_strength": -11.629267, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.701265, "energy": 21.374425, "activity_lines": [ 10.578572, 10.603535, 10.522083, 10.519839 ] }, { "date": "2025-03-21", "close": 10.894645, "volume": 96501805, "typical_volume": 66456231.55, "trend": 10.419877, "fair_value": 10.641839, "relative_strength": -10.021282, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.648167, "energy": 25.105382, "activity_lines": [ 10.705002, 10.664594, 10.553879, 10.552615 ] }, { "date": "2025-03-28", "close": 10.973663, "volume": 132531101, "typical_volume": 67356113.35, "trend": 10.466959, "fair_value": 10.638523, "relative_strength": -8.458967, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.372397, "energy": 48.339215, "activity_lines": [ 10.847893, 10.722601, 10.593999, 10.588343 ] }, { "date": "2025-04-04", "close": 10.825504, "volume": 145128688, "typical_volume": 70243345.75, "trend": 10.527869, "fair_value": 10.635752, "relative_strength": -7.27353, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.128365, "energy": 48.035772, "activity_lines": [ 10.890694, 10.746127, 10.622173, 10.611475 ] }, { "date": "2025-04-11", "close": 10.568694, "volume": 164744986, "typical_volume": 74739566.9, "trend": 10.586803, "fair_value": 10.638564, "relative_strength": -4.131782, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.951013, "energy": 28.981146, "activity_lines": [ 10.790604, 10.719907, 10.624948, 10.614109 ] }, { "date": "2025-04-18", "close": 10.87489, "volume": 177730013, "typical_volume": 80515237.4, "trend": 10.643104, "fair_value": 10.640286, "relative_strength": -0.566246, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.108853, "energy": 13.586434, "activity_lines": [ 10.797847, 10.751514, 10.657214, 10.632695 ] }, { "date": "2025-04-25", "close": 11.042805, "volume": 224672960, "typical_volume": 89189774.35, "trend": 10.667138, "fair_value": 10.64433, "relative_strength": -0.146018, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.78103, "energy": 13.782088, "activity_lines": [ 10.869623, 10.819039, 10.703449, 10.658482 ] }, { "date": "2025-05-02", "close": 10.677345, "volume": 40591440, "typical_volume": 87515320.35, "trend": 10.652652, "fair_value": 10.644224, "relative_strength": -3.011638, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.1996, "energy": 14.640947, "activity_lines": [ 10.8097, 10.814729, 10.712103, 10.659141 ] }, { "date": "2025-05-09", "close": 10.963786, "volume": 82450257, "typical_volume": 89526826.8, "trend": 10.668785, "fair_value": 10.645019, "relative_strength": -2.255482, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.860712, "energy": 22.301156, "activity_lines": [ 10.865013, 10.854058, 10.747521, 10.679214 ] }, { "date": "2025-05-16", "close": 10.578572, "volume": 57293631, "typical_volume": 90418692.9, "trend": 10.653639, "fair_value": 10.650388, "relative_strength": -5.744752, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.137933, "energy": 13.01534, "activity_lines": [ 10.782703, 10.805211, 10.742676, 10.673394 ] }, { "date": "2025-05-23", "close": 10.835382, "volume": 70765182, "typical_volume": 91482991.4, "trend": 10.648372, "fair_value": 10.660892, "relative_strength": -2.598895, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.650834, "energy": 13.326644, "activity_lines": [ 10.785337, 10.804313, 10.760879, 10.685119 ] }, { "date": "2025-05-30", "close": 10.746486, "volume": 69842297, "typical_volume": 92619188.5, "trend": 10.637836, "fair_value": 10.672883, "relative_strength": -2.11355, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.829096, "energy": 12.05315, "activity_lines": [ 10.760973, 10.790305, 10.766146, 10.691449 ] }, { "date": "2025-06-06", "close": 11.418141, "volume": 85999533, "typical_volume": 93442006.0, "trend": 10.637507, "fair_value": 10.689055, "relative_strength": 2.827827, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.677196, "energy": 28.825327, "activity_lines": [ 10.980248, 10.90111, 10.831525, 10.741792 ] }, { "date": "2025-06-13", "close": 12.86, "volume": 207358212, "typical_volume": 101021451.9, "trend": 10.711908, "fair_value": 10.713218, "relative_strength": 16.44923, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.654208, "energy": 65.701718, "activity_lines": [ 11.630757, 11.26599, 11.030131, 10.885178 ] }, { "date": "2025-06-20", "close": 11.7, "volume": 184067733, "typical_volume": 109682753.55, "trend": 10.747313, "fair_value": 10.729507, "relative_strength": 7.376372, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.427959, "energy": 59.186937, "activity_lines": [ 11.768185, 11.38297, 11.107773, 10.948926 ] }, { "date": "2025-06-27", "close": 11.74, "volume": 115916329, "typical_volume": 112896451.75, "trend": 10.790308, "fair_value": 10.745677, "relative_strength": 4.148333, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.036175, "energy": 62.735092, "activity_lines": [ 11.844185, 11.486654, 11.184402, 11.01297 ] }, { "date": "2025-07-04", "close": 11.83, "volume": 109384946, "typical_volume": 113498714.45, "trend": 10.835973, "fair_value": 10.761172, "relative_strength": 4.048083, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.477767, "energy": 59.545827, "activity_lines": [ 11.889876, 11.590972, 11.266894, 11.080047 ] }, { "date": "2025-07-11", "close": 11.81, "volume": 80420298, "typical_volume": 113846710.5, "trend": 10.87735, "fair_value": 10.774473, "relative_strength": 2.518877, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.862298, "energy": 37.42617, "activity_lines": [ 11.856667, 11.67734, 11.342321, 11.142888 ] }, { "date": "2025-07-18", "close": 11.93, "volume": 98428704, "typical_volume": 115656126.75, "trend": 10.934579, "fair_value": 10.789796, "relative_strength": 1.927921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.299528, "energy": 35.777639, "activity_lines": [ 11.837333, 11.764934, 11.421573, 11.210801 ] }, { "date": "2025-07-25", "close": 12.25, "volume": 115813839, "typical_volume": 117565895.0, "trend": 11.000171, "fair_value": 10.807044, "relative_strength": 2.547699, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.109775, "energy": 45.557519, "activity_lines": [ 11.986667, 11.893141, 11.52195, 11.295667 ] }, { "date": "2025-08-01", "close": 11.66, "volume": 78737521, "typical_volume": 116918973.75, "trend": 11.058936, "fair_value": 10.821324, "relative_strength": -0.369465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.761161, "energy": 33.168791, "activity_lines": [ 11.902667, 11.883687, 11.558506, 11.338236 ] }, { "date": "2025-08-08", "close": 12.24, "volume": 96438042, "typical_volume": 116915785.6, "trend": 11.135718, "fair_value": 10.842076, "relative_strength": 3.593602, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.225115, "energy": 38.509427, "activity_lines": [ 12.017333, 11.964693, 11.647173, 11.414434 ] }, { "date": "2025-08-15", "close": 12.24, "volume": 98464595, "typical_volume": 115212460.3, "trend": 11.191757, "fair_value": 10.859949, "relative_strength": -0.627175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.994576, "energy": 40.451928, "activity_lines": [ 12.104667, 12.018545, 11.729434, 11.485678 ] }, { "date": "2025-08-22", "close": 12.34, "volume": 105288603, "typical_volume": 113220456.05, "trend": 11.247838, "fair_value": 10.87621, "relative_strength": -3.850026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.571689, "energy": 37.655977, "activity_lines": [ 12.196667, 12.075636, 11.815188, 11.559758 ] }, { "date": "2025-08-29", "close": 12.6, "volume": 128966607, "typical_volume": 111431537.1, "trend": 11.311597, "fair_value": 10.893198, "relative_strength": -5.660375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.952188, "energy": 50.194752, "activity_lines": [ 12.348, 12.189455, 11.918492, 11.646994 ] }, { "date": "2025-09-05", "close": 13.38, "volume": 215197288, "typical_volume": 113304900.85, "trend": 11.385223, "fair_value": 10.914811, "relative_strength": 1.101147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.584165, "energy": 67.815315, "activity_lines": [ 12.736, 12.428727, 12.086409, 11.78044 ] }, { "date": "2025-09-12", "close": 14.88, "volume": 328317442, "typical_volume": 118487124.95, "trend": 11.523007, "fair_value": 10.94798, "relative_strength": 9.435336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.899499, "energy": 90.757095, "activity_lines": [ 13.509333, 12.910909, 12.385254, 12.005909 ] }, { "date": "2025-09-19", "close": 13.63, "volume": 193574512, "typical_volume": 126136278.55, "trend": 11.636903, "fair_value": 10.973323, "relative_strength": -0.711114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.289834, "energy": 81.3098, "activity_lines": [ 13.69, 13.110364, 12.54678, 12.141844 ] }, { "date": "2025-09-26", "close": 14.07, "volume": 184199002, "typical_volume": 131223715.8, "trend": 11.773697, "fair_value": 11.003678, "relative_strength": 1.458673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.203355, "energy": 82.013124, "activity_lines": [ 13.924667, 13.356727, 12.736149, 12.298818 ] }, { "date": "2025-10-03", "close": 14.97, "volume": 91049511, "typical_volume": 132911509.8, "trend": 11.917774, "fair_value": 11.036172, "relative_strength": 5.315468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.332596, "energy": 86.535683, "activity_lines": [ 14.344, 13.727818, 12.996442, 12.505031 ] }, { "date": "2025-10-10", "close": 15.22, "volume": 102177729, "typical_volume": 134482137.15, "trend": 12.05833, "fair_value": 11.075338, "relative_strength": 8.251861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.152567, "energy": 69.555706, "activity_lines": [ 14.688667, 14.094909, 13.259632, 12.718078 ] }, { "date": "2025-10-17", "close": 14.78, "volume": 224935068, "typical_volume": 142236775.7, "trend": 12.187842, "fair_value": 11.108492, "relative_strength": 10.442921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.563023, "energy": 58.081082, "activity_lines": [ 14.764, 14.317273, 13.460039, 12.89367 ] }, { "date": "2025-10-24", "close": 13.07, "volume": 253914669, "typical_volume": 150632532.5, "trend": 12.25772, "fair_value": 11.135378, "relative_strength": -6.658325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.339243, "energy": 44.743427, "activity_lines": [ 14.276, 14.182545, 13.478381, 12.950583 ] }, { "date": "2025-10-31", "close": 13.23, "volume": 206061705, "typical_volume": 150567707.15, "trend": 12.33787, "fair_value": 11.161788, "relative_strength": -6.025854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.971117, "energy": 28.5436, "activity_lines": [ 13.878667, 14.061818, 13.504095, 13.013311 ] }, { "date": "2025-11-07", "close": 13.5, "volume": 179481450, "typical_volume": 150338393.0, "trend": 12.43558, "fair_value": 11.191806, "relative_strength": -4.263719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.978043, "energy": 22.078313, "activity_lines": [ 13.627333, 13.974, 13.553762, 13.088287 ] }, { "date": "2025-11-14", "close": 13.58, "volume": 147529516, "typical_volume": 151919052.35, "trend": 12.525751, "fair_value": 11.220897, "relative_strength": -2.39547, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.392347, "energy": 23.356949, "activity_lines": [ 13.500667, 13.884364, 13.602476, 13.16212 ] }, { "date": "2025-11-21", "close": 12.48, "volume": 140349854, "typical_volume": 153467297.75, "trend": 12.573657, "fair_value": 11.240309, "relative_strength": -5.410437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.515883, "energy": 15.782745, "activity_lines": [ 13.116667, 13.591091, 13.537667, 13.159169 ] }, { "date": "2025-11-28", "close": 12.92, "volume": 108503349, "typical_volume": 154871450.3, "trend": 12.648412, "fair_value": 11.253277, "relative_strength": -5.457079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.937728, "energy": 13.558133, "activity_lines": [ 13.032667, 13.421455, 13.511667, 13.181513 ] }, { "date": "2025-12-05", "close": 13.1, "volume": 106920671, "typical_volume": 155296048.65, "trend": 12.719619, "fair_value": 11.26984, "relative_strength": -5.379533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.136655, "energy": 13.669976, "activity_lines": [ 13.018667, 13.297455, 13.497524, 13.210648 ] }, { "date": "2025-12-12", "close": 13.08, "volume": 128113480, "typical_volume": 155911030.7, "trend": 12.803, "fair_value": 11.286651, "relative_strength": -6.312508, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.243456, "energy": 14.566342, "activity_lines": [ 13.006667, 13.187455, 13.475905, 13.233898 ] }, { "date": "2025-12-19", "close": 12.97, "volume": 142134644, "typical_volume": 159080886.85, "trend": 12.874154, "fair_value": 11.302569, "relative_strength": -6.312809, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.269768, "energy": 13.763024, "activity_lines": [ 12.986, 13.091818, 13.439857, 13.244673 ] }, { "date": "2025-12-26", "close": 13.37, "volume": 215151000, "typical_volume": 165016534.75, "trend": 12.961605, "fair_value": 11.319861, "relative_strength": -6.746257, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.162687, "energy": 10.722315, "activity_lines": [ 13.139333, 13.109818, 13.435667, 13.276663 ] }, { "date": "2026-01-02", "close": 13.42, "volume": 161405851, "typical_volume": 168163597.55, "trend": 13.028333, "fair_value": 11.340228, "relative_strength": -5.838352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.797867, "energy": 11.079051, "activity_lines": [ 13.25, 13.162545, 13.430857, 13.306237 ] }, { "date": "2026-01-09", "close": 14.24, "volume": 243978841, "typical_volume": 175098109.45, "trend": 13.074333, "fair_value": 11.368668, "relative_strength": -4.28575, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.206618, "energy": 25.75533, "activity_lines": [ 13.600667, 13.358, 13.498524, 13.384409 ] }, { "date": "2026-01-16", "close": 15.02, "volume": 296372992, "typical_volume": 183468428.7, "trend": 13.185, "fair_value": 11.398979, "relative_strength": -0.203625, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.752846, "energy": 56.169224, "activity_lines": [ 14.135333, 13.676909, 13.631429, 13.509935 ] }, { "date": "2026-01-23", "close": 17.200001, "volume": 508585766, "typical_volume": 198137852.6, "trend": 13.367, "fair_value": 11.441636, "relative_strength": 12.705505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.358283, "energy": 87.406736, "activity_lines": [ 15.267334, 14.364546, 13.960429, 13.768968 ] }, { "date": "2026-01-30", "close": 20.66, "volume": 757195219, "typical_volume": 219581741.45, "trend": 13.661333, "fair_value": 11.50566, "relative_strength": 36.60611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.189392, "energy": 96.900827, "activity_lines": [ 17.270667, 15.615455, 14.600762, 14.239484 ] }, { "date": "2026-02-06", "close": 17.299999, "volume": 453763581, "typical_volume": 232591194.9, "trend": 13.844333, "fair_value": 11.545641, "relative_strength": 16.455258, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.920967, "energy": 84.436941, "activity_lines": [ 17.668, 16.106727, 14.893571, 14.474237 ] }, { "date": "2026-02-13", "close": 16.9, "volume": 192409002, "typical_volume": 233001694.9, "trend": 14.01, "fair_value": 11.580805, "relative_strength": 11.801578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.703162, "energy": 82.578056, "activity_lines": [ 17.673333, 16.445636, 15.13081, 14.671376 ] }, { "date": "2026-02-27", "close": 18.9, "volume": 237790763, "typical_volume": 240338757.5, "trend": 14.231667, "fair_value": 11.631543, "relative_strength": 20.814145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.645301, "energy": 77.145253, "activity_lines": [ 18.168, 17.079091, 15.545048, 14.98686 ] }, { "date": "2026-03-06", "close": 17.67, "volume": 386288808, "typical_volume": 254544311.45, "trend": 14.432, "fair_value": 11.676775, "relative_strength": 14.891907, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.460739, "energy": 50.565349, "activity_lines": [ 17.994, 17.383091, 15.823429, 15.208688 ] }, { "date": "2026-03-13", "close": 16.790001, "volume": 150753067, "typical_volume": 250835211.4, "trend": 14.583667, "fair_value": 11.713863, "relative_strength": 7.972525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.06272, "energy": 41.319455, "activity_lines": [ 17.495334, 17.441637, 16.006333, 15.360817 ] }, { "date": "2026-03-20", "close": 14.96, "volume": 159676627, "typical_volume": 246123309.3, "trend": 14.674333, "fair_value": 11.739032, "relative_strength": -1.053273, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.115851, "energy": 23.844539, "activity_lines": [ 16.644667, 17.105273, 16.005381, 15.385097 ] }, { "date": "2026-03-27", "close": 14.65, "volume": 203410652, "typical_volume": 245990756.65, "trend": 14.751333, "fair_value": 11.762902, "relative_strength": -2.436321, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.886864, "energy": 19.12725, "activity_lines": [ 15.846667, 16.684546, 15.965905, 15.383527 ] }, { "date": "2026-04-03", "close": 14.290891, "volume": 118746724, "typical_volume": 242954020.35, "trend": 14.807696, "fair_value": 11.780527, "relative_strength": -1.985319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.220488, "energy": 20.985271, "activity_lines": [ 15.078964, 16.191071, 15.885466, 15.353821 ] }, { "date": "2026-04-10", "close": 14.934625, "volume": 109881276, "typical_volume": 241071608.35, "trend": 14.859517, "fair_value": 11.802529, "relative_strength": -4.416415, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.240984, "energy": 23.191924, "activity_lines": [ 14.833113, 15.827896, 15.862569, 15.36201 ] }, { "date": "2026-04-17", "close": 16.65785, "volume": 220532646, "typical_volume": 245080747.95, "trend": 14.918779, "fair_value": 11.836015, "relative_strength": 2.407282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.212764, "energy": 16.931411, "activity_lines": [ 15.344028, 15.819223, 15.997338, 15.478031 ] }, { "date": "2026-04-24", "close": 17.15303, "volume": 266529277, "typical_volume": 252982044.35, "trend": 15.036213, "fair_value": 11.866918, "relative_strength": 4.996993, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.609266, "energy": 15.229853, "activity_lines": [ 16.028814, 15.973349, 16.159372, 15.622177 ] }, { "date": "2026-05-01", "close": 16.449875, "volume": 163487999, "typical_volume": 255810410.75, "trend": 15.115542, "fair_value": 11.888994, "relative_strength": -0.378672, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.099058, "energy": 20.430226, "activity_lines": [ 16.333012, 16.002301, 16.234282, 15.713381 ] }, { "date": "2026-05-08", "close": 16.974766, "volume": 96937852, "typical_volume": 254251629.35, "trend": 15.182368, "fair_value": 11.919442, "relative_strength": -0.234741, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.864103, "energy": 31.703675, "activity_lines": [ 16.692183, 16.134871, 16.34323, 15.833331 ] }, { "date": "2026-05-15", "close": 15.083179, "volume": 148457306, "typical_volume": 254567762.45, "trend": 15.177807, "fair_value": 11.939391, "relative_strength": -11.161085, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 24.6893, "energy": 18.261164, "activity_lines": [ 16.2419, 15.958522, 16.25348, 15.826931 ] }, { "date": "2026-05-22", "close": 14.211662, "volume": 115983073, "typical_volume": 249609366.1, "trend": 15.158863, "fair_value": 11.951626, "relative_strength": -16.298196, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.945736, "energy": 11.374597, "activity_lines": [ 15.491207, 15.670747, 16.070666, 15.764599 ] }, { "date": "2026-05-29", "close": 13.330242, "volume": 124199038, "typical_volume": 247749025.45, "trend": 15.167537, "fair_value": 11.964283, "relative_strength": -21.080027, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.479136, "energy": 44.428772, "activity_lines": [ 14.609787, 15.269593, 15.799899, 15.646624 ] }, { "date": "2026-06-05", "close": 13.26, "volume": 18403040, "typical_volume": 236470235.4, "trend": 15.168537, "fair_value": 11.977866, "relative_strength": -19.870378, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.180294, "energy": 62.049444, "activity_lines": [ 13.959805, 14.8853, 15.52287, 15.523557 ] }, { "date": "2026-06-12", "close": 13.01, "volume": 30539897, "typical_volume": 223178580.65, "trend": 15.152204, "fair_value": 11.991161, "relative_strength": -19.173252, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.734107, "energy": 68.575439, "activity_lines": [ 13.439149, 14.480825, 15.226698, 15.384296 ] }, { "date": "2026-06-19", "close": 14.43, "volume": 137348404, "typical_volume": 204616712.55, "trend": 15.180537, "fair_value": 12.011242, "relative_strength": -15.762179, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.984424, "energy": 61.108293, "activity_lines": [ 13.656143, 14.357821, 15.075336, 15.337703 ] }, { "date": "2026-06-26", "close": 13.19, "volume": 30349104, "typical_volume": 168274406.8, "trend": 15.204204, "fair_value": 12.023751, "relative_strength": -21.316134, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.62311, "energy": 57.559663, "activity_lines": [ 13.503349, 14.018537, 14.819068, 15.209281 ] }, { "date": "2026-07-03", "close": 13.73, "volume": 61071448, "typical_volume": 148639800.15, "trend": 15.231204, "fair_value": 12.0426, "relative_strength": -16.746661, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.657899, "energy": 43.108672, "activity_lines": [ 13.598667, 13.840487, 14.649801, 15.114171 ] }, { "date": "2026-07-10", "close": 12.84, "volume": 144574622, "typical_volume": 146248081.15, "trend": 15.222537, "fair_value": 12.057997, "relative_strength": -18.891215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.38062, "energy": 43.823697, "activity_lines": [ 13.370667, 13.562856, 14.412772, 14.9599 ] }, { "date": "2026-07-17", "close": 12.21, "volume": 112717488, "typical_volume": 139994417.4, "trend": 15.193537, "fair_value": 12.068104, "relative_strength": -15.000331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.085189, "energy": 60.957154, "activity_lines": [ 12.960667, 13.236313, 14.135076, 14.765542 ] }, { "date": "2026-07-24", "close": 12.51, "volume": 149027719, "typical_volume": 128131362.95, "trend": 15.178204, "fair_value": 12.07932, "relative_strength": -13.045479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.32543, "energy": 62.96606, "activity_lines": [ 12.704, 13.050948, 13.917809, 14.592411 ] }, { "date": "2026-07-31", "close": 13.41, "volume": 103476754, "typical_volume": 125767547.3, "trend": 15.179537, "fair_value": 12.09205, "relative_strength": -5.255375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.649034, "energy": 57.586297, "activity_lines": [ 12.875333, 13.076004, 13.810827, 14.478333 ] }, { "date": "2026-08-07", "close": 14.25, "volume": 147649263, "typical_volume": 125166179.1, "trend": 15.207204, "fair_value": 12.110414, "relative_strength": -4.355971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.804138, "energy": 32.462484, "activity_lines": [ 13.312, 13.268364, 13.799941, 14.418363 ] } ], "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." } } }