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    "symbol": "KSPI",
    "name": "Joint Stock Company Kaspi.kz",
    "exchange": "NASDAQ",
    "country": "US",
    "assetType": "equity"
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    "as_of": "2026-08-07",
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    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
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    "architecture_maturity": 32.908,
    "architecture_confidence": 79.346,
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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      },
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      },
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        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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        "typical_volume": 2652664.95,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 2588185.0,
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        "fair_value": 89.935159,
        "relative_strength": 0.385074,
        "stage": 1,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 2538171.25,
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        "fair_value": 89.934266,
        "relative_strength": 0.812792,
        "stage": 2,
        "regime": "deceleration",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 2512888.95,
        "trend": 77.268599,
        "fair_value": 89.932233,
        "relative_strength": -0.878275,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.813575,
        "energy": 59.387056,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 87.91,
        "volume": 1731542,
        "typical_volume": 2464630.5,
        "trend": 77.725347,
        "fair_value": 89.916797,
        "relative_strength": 1.718089,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.040002,
        "energy": 62.687466,
        "activity_lines": [
          88.519667,
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          83.670294,
          80.693798
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      },
      {
        "date": "2026-07-24",
        "close": 85.79,
        "volume": 1487404,
        "typical_volume": 2313020.25,
        "trend": 78.076343,
        "fair_value": 89.885533,
        "relative_strength": 1.169049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.495172,
        "energy": 56.641504,
        "activity_lines": [
          87.879333,
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          84.215159,
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      },
      {
        "date": "2026-07-31",
        "close": 88.78,
        "volume": 1527590,
        "typical_volume": 2208055.6,
        "trend": 78.56241,
        "fair_value": 89.877221,
        "relative_strength": 4.171663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.110948,
        "energy": 44.610268,
        "activity_lines": [
          87.996667,
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          84.974367,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 90.3,
        "volume": 3400958,
        "typical_volume": 2222851.75,
        "trend": 78.961989,
        "fair_value": 89.880376,
        "relative_strength": 1.352843,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.689608,
        "energy": 40.774016,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}