{ "ticker": { "uuid": "d2c092fe-f704-462e-bbfa-739990cd823b", "symbol": "300818", "name": "Naipu Mining Machinery 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -59.099, "architecture_energy": 47.522, "architecture_maturity": 78.392, "architecture_confidence": 78.078, "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": 16.06, "rotation_up": 27.29, "upward_expansion": 12.2, "deceleration": 60.9, "rotation_down": 46.09, "downward_expansion": 74.2 }, "activity_lines": [ 19.494667, 19.509091, 21.405193, 23.433592 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 21.280001, "trend_reference": 26.247485, "distance_from_trend": -0.189256, "trend_direction": "Weakening", "fair_value": 20.178769, "distance_from_fair_value": 0.054574, "fair_value_direction": "Weakening", "relative_strength": -16.829087, "relative_strength_direction": "Weakening", "price_momentum": -0.440054, "excess_performance": -0.447454, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.189256, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.065249, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.054574, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.263038, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.168291, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.071253, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.440054, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.864991, "read": "Supply-led" } ], "volume": { "latest": 28319269, "relative_activity": 1.468911, "balance": 0.864991, "dry_up": 1.571363, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.13111, "annualized_volatility": 0.567575, "from_high_reference": -0.536912, "from_low_reference": 0.409272 }, "levels": { "trend_reference": 26.247485, "fair_value_reference": 20.178769, "structural_low": 15.1, "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": 14, "median_return": 0.023655, "positive_rate": 0.571429, "directional_follow_through": 0.357143, "median_excess_return": 0.018953, "regime_survival": 0.714286, "best_return": 0.315784, "worst_return": -0.15914, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.088294, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.02038, "regime_survival": 0.333333, "best_return": 0.400337, "worst_return": -0.073562, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.064022, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.07589, "regime_survival": 0.25, "best_return": 0.238976, "worst_return": -0.096728, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.125028, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.13539, "regime_survival": 0.0, "best_return": 0.294108, "worst_return": -0.044053, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-07", "end": "2024-07-19", "tenure": "Developing", "return": -0.144856, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-26", "end": "2024-08-30", "tenure": "Developing", "return": -0.037604, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": 0.168531, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-22", "tenure": "Developing", "return": 0.01083, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-01-10", "tenure": "Developing", "return": -0.092967, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-02-28", "tenure": "Developing", "return": -0.154444, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": 0.030639, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-07-11", "tenure": "Established", "return": -0.039088, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": 0.047619, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": 0.093876, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2026-03-13", "tenure": "Established", "return": 0.587495, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": -0.052503, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": -0.057365, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.084731, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 14.704663, "volume": 13229932, "typical_volume": 15390594.2, "trend": 12.386763, "fair_value": 12.101183, "relative_strength": 24.039168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.282177, "energy": 79.578176, "activity_lines": [ 14.426219, 13.626109, 13.075184, 12.793396 ] }, { "date": "2023-08-04", "close": 14.294553, "volume": 11475902, "typical_volume": 15456017.15, "trend": 12.519637, "fair_value": 12.119446, "relative_strength": 18.909845, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.294294, "energy": 77.488302, "activity_lines": [ 14.516876, 13.841467, 13.226029, 12.916479 ] }, { "date": "2023-08-11", "close": 15.325228, "volume": 20420748, "typical_volume": 15833493.3, "trend": 12.66709, "fair_value": 12.144248, "relative_strength": 32.095706, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.720127, "energy": 79.084422, "activity_lines": [ 14.85252, 14.214296, 13.461635, 13.097485 ] }, { "date": "2023-08-18", "close": 15.17953, "volume": 8572139, "typical_volume": 15373259.45, "trend": 12.806391, "fair_value": 12.166784, "relative_strength": 34.474349, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.510803, "energy": 66.833406, "activity_lines": [ 14.978791, 14.501668, 13.666151, 13.259578 ] }, { "date": "2023-08-25", "close": 14.558966, "volume": 8054315, "typical_volume": 14510859.65, "trend": 12.910527, "fair_value": 12.179651, "relative_strength": 32.570865, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.961671, "energy": 48.538802, "activity_lines": [ 14.85216, 14.616166, 13.798024, 13.372647 ] }, { "date": "2023-09-01", "close": 15.837868, "volume": 11105731, "typical_volume": 14423333.15, "trend": 13.041638, "fair_value": 12.204284, "relative_strength": 38.769775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.881175, "energy": 54.635942, "activity_lines": [ 15.19392, 14.914233, 14.044657, 13.561508 ] }, { "date": "2023-09-08", "close": 15.735341, "volume": 6544284, "typical_volume": 13447532.0, "trend": 13.13531, "fair_value": 12.229547, "relative_strength": 39.043561, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.311894, "energy": 51.618896, "activity_lines": [ 15.425958, 15.133221, 14.264925, 13.735295 ] }, { "date": "2023-09-15", "close": 15.524887, "volume": 4969400, "typical_volume": 12777715.4, "trend": 13.222086, "fair_value": 12.249667, "relative_strength": 37.759735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.346201, "energy": 48.043932, "activity_lines": [ 15.491791, 15.260866, 14.446443, 13.889461 ] }, { "date": "2023-09-22", "close": 15.675982, "volume": 4890063, "typical_volume": 12236060.45, "trend": 13.31378, "fair_value": 12.261678, "relative_strength": 37.397716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.670049, "energy": 49.40901, "activity_lines": [ 15.594679, 15.368496, 14.626111, 14.047777 ] }, { "date": "2023-09-29", "close": 15.881036, "volume": 6509530, "typical_volume": 11851937.35, "trend": 13.461515, "fair_value": 12.287355, "relative_strength": 38.73241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.569331, "energy": 48.783892, "activity_lines": [ 15.732821, 15.491823, 14.813359, 14.213407 ] }, { "date": "2023-10-13", "close": 14.62372, "volume": 8788391, "typical_volume": 11577220.3, "trend": 13.561688, "fair_value": 12.29987, "relative_strength": 27.270895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.138563, "energy": 32.381434, "activity_lines": [ 15.36372, 15.37399, 14.863698, 14.288388 ] }, { "date": "2023-10-20", "close": 15.055418, "volume": 9379611, "typical_volume": 11429928.15, "trend": 13.680843, "fair_value": 12.317748, "relative_strength": 36.487541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.336055, "energy": 27.870938, "activity_lines": [ 15.219462, 15.336118, 14.946414, 14.384757 ] }, { "date": "2023-10-27", "close": 15.433153, "volume": 7868224, "typical_volume": 11409622.45, "trend": 13.804937, "fair_value": 12.339539, "relative_strength": 35.678785, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.335771, "energy": 25.402862, "activity_lines": [ 15.246443, 15.353092, 15.053644, 14.49781 ] }, { "date": "2023-11-03", "close": 15.886434, "volume": 9999007, "typical_volume": 11498739.65, "trend": 13.923293, "fair_value": 12.362112, "relative_strength": 37.115454, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.584628, "energy": 27.186653, "activity_lines": [ 15.430634, 15.450518, 15.188087, 14.6321 ] }, { "date": "2023-11-10", "close": 15.800094, "volume": 8103929, "typical_volume": 11576617.5, "trend": 14.01395, "fair_value": 12.378757, "relative_strength": 33.419238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.339719, "energy": 35.659317, "activity_lines": [ 15.572015, 15.519393, 15.295215, 14.753184 ] }, { "date": "2023-11-17", "close": 16.296547, "volume": 6451970, "typical_volume": 11506783.35, "trend": 14.145437, "fair_value": 12.392443, "relative_strength": 36.22346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.890522, "energy": 52.321849, "activity_lines": [ 15.884276, 15.655967, 15.430891, 14.900448 ] }, { "date": "2023-11-24", "close": 16.35051, "volume": 6666660, "typical_volume": 10808517.25, "trend": 14.296891, "fair_value": 12.410268, "relative_strength": 37.169316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.77848, "energy": 59.572738, "activity_lines": [ 16.103003, 15.794012, 15.553694, 15.042711 ] }, { "date": "2023-12-01", "close": 17.165335, "volume": 8787931, "typical_volume": 10702469.75, "trend": 14.465253, "fair_value": 12.429477, "relative_strength": 44.069937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.267559, "energy": 71.244595, "activity_lines": [ 16.506999, 16.069022, 15.737267, 15.227772 ] }, { "date": "2023-12-08", "close": 17.613218, "volume": 15259609, "typical_volume": 9780547.6, "trend": 14.613468, "fair_value": 12.452257, "relative_strength": 48.472977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.154615, "energy": 79.540771, "activity_lines": [ 16.94481, 16.39564, 15.943248, 15.430866 ] }, { "date": "2023-12-15", "close": 17.408163, "volume": 7942781, "typical_volume": 9251007.85, "trend": 14.784528, "fair_value": 12.467107, "relative_strength": 47.448372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.902016, "energy": 75.709401, "activity_lines": [ 17.199151, 16.649752, 16.114822, 15.611169 ] }, { "date": "2023-12-22", "close": 17.532276, "volume": 8637027, "typical_volume": 9021362.6, "trend": 14.942637, "fair_value": 12.495037, "relative_strength": 49.030346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.400599, "energy": 73.321401, "activity_lines": [ 17.387658, 16.898664, 16.287654, 15.788443 ] }, { "date": "2023-12-29", "close": 17.81288, "volume": 8207108, "typical_volume": 8857922.9, "trend": 15.114776, "fair_value": 12.521671, "relative_strength": 44.575409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.073481, "energy": 69.639281, "activity_lines": [ 17.587318, 17.145712, 16.473747, 15.97362 ] }, { "date": "2024-01-05", "close": 17.073599, "volume": 5860127, "typical_volume": 8129891.85, "trend": 15.281159, "fair_value": 12.549145, "relative_strength": 42.797747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.739583, "energy": 48.132666, "activity_lines": [ 17.443059, 17.20821, 16.572677, 16.099996 ] }, { "date": "2024-01-12", "close": 16.577147, "volume": 6839742, "typical_volume": 8043272.0, "trend": 15.437829, "fair_value": 12.578517, "relative_strength": 38.65395, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.567587, "energy": 35.300746, "activity_lines": [ 17.139432, 17.150617, 16.616001, 16.183608 ] }, { "date": "2024-01-19", "close": 15.735341, "volume": 6967123, "typical_volume": 7988912.4, "trend": 15.566798, "fair_value": 12.607032, "relative_strength": 33.144474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.445578, "energy": 15.205557, "activity_lines": [ 16.624275, 16.927411, 16.572497, 16.202802 ] }, { "date": "2024-01-26", "close": 15.541076, "volume": 9669110, "typical_volume": 7917081.35, "trend": 15.667707, "fair_value": 12.635521, "relative_strength": 30.332889, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.147568, "energy": 18.337626, "activity_lines": [ 16.155884, 16.670061, 16.50489, 16.201143 ] }, { "date": "2024-02-02", "close": 13.231499, "volume": 9304159, "typical_volume": 8055075.1, "trend": 15.681558, "fair_value": 12.658576, "relative_strength": 19.534224, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -43.535862, "energy": 41.65577, "activity_lines": [ 15.050381, 16.006523, 16.218737, 16.043968 ] }, { "date": "2024-02-09", "close": 15.783905, "volume": 13199426, "typical_volume": 8466576.4, "trend": 15.77725, "fair_value": 12.697926, "relative_strength": 28.78342, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -17.988246, "energy": 27.699645, "activity_lines": [ 15.101105, 15.863769, 16.187593, 16.050571 ] }, { "date": "2024-02-23", "close": 16.280355, "volume": 7181726, "typical_volume": 8581159.55, "trend": 15.836968, "fair_value": 12.741654, "relative_strength": 27.922242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -12.616488, "energy": 20.482094, "activity_lines": [ 15.403292, 15.836395, 16.202497, 16.083029 ] }, { "date": "2024-03-01", "close": 15.908019, "volume": 8087790, "typical_volume": 8660072.55, "trend": 15.860891, "fair_value": 12.784938, "relative_strength": 19.203843, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.97043, "energy": 14.692294, "activity_lines": [ 15.601154, 15.765558, 16.179062, 16.087613 ] }, { "date": "2024-03-08", "close": 16.409864, "volume": 7925802, "typical_volume": 8616943.1, "trend": 15.917731, "fair_value": 12.833697, "relative_strength": 22.733681, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.63296, "energy": 9.105893, "activity_lines": [ 15.954785, 15.813241, 16.203293, 16.123031 ] }, { "date": "2024-03-15", "close": 17.721144, "volume": 8957889, "typical_volume": 8595857.0, "trend": 16.031951, "fair_value": 12.893368, "relative_strength": 27.671236, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.609512, "energy": 28.999359, "activity_lines": [ 16.68759, 16.119745, 16.343903, 16.23938 ] }, { "date": "2024-03-22", "close": 17.192316, "volume": 7575113, "typical_volume": 8581201.45, "trend": 16.094187, "fair_value": 12.942649, "relative_strength": 23.189479, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.171027, "energy": 28.190147, "activity_lines": [ 16.944809, 16.331767, 16.421454, 16.314242 ] }, { "date": "2024-03-29", "close": 19.356195, "volume": 11447814, "typical_volume": 8653641.8, "trend": 16.23341, "fair_value": 13.00632, "relative_strength": 39.214303, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.593198, "energy": 57.712446, "activity_lines": [ 17.829428, 16.935064, 16.696712, 16.524694 ] }, { "date": "2024-04-05", "close": 21.935581, "volume": 28745963, "typical_volume": 9685743.5, "trend": 16.479297, "fair_value": 13.084991, "relative_strength": 52.820449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.519226, "energy": 78.044195, "activity_lines": [ 19.368786, 17.956811, 17.201103, 16.892576 ] }, { "date": "2024-04-12", "close": 21.115356, "volume": 40174705, "typical_volume": 11371880.25, "trend": 16.655213, "fair_value": 13.162694, "relative_strength": 49.784275, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.018164, "energy": 76.849839, "activity_lines": [ 20.232898, 18.716694, 17.598161, 17.191677 ] }, { "date": "2024-04-19", "close": 20.899509, "volume": 34232828, "typical_volume": 12750188.65, "trend": 16.827352, "fair_value": 13.234271, "relative_strength": 45.314008, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.505188, "energy": 75.298349, "activity_lines": [ 20.711361, 19.335983, 17.951716, 17.465503 ] }, { "date": "2024-04-26", "close": 21.223282, "volume": 21170429, "typical_volume": 13369313.55, "trend": 17.017298, "fair_value": 13.309775, "relative_strength": 42.573818, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.971907, "energy": 73.498046, "activity_lines": [ 21.085858, 19.87472, 18.314444, 17.749111 ] }, { "date": "2024-05-03", "close": 20.86375, "volume": 7095108, "typical_volume": 12961088.5, "trend": 17.190224, "fair_value": 13.382817, "relative_strength": 36.446996, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.497314, "energy": 54.51077, "activity_lines": [ 21.07178, 20.249191, 18.623607, 17.997269 ] }, { "date": "2024-05-10", "close": 23.56296, "volume": 27655967, "typical_volume": 13946747.8, "trend": 17.446288, "fair_value": 13.472348, "relative_strength": 49.380489, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.260738, "energy": 59.846692, "activity_lines": [ 21.856935, 21.031093, 19.174359, 18.408413 ] }, { "date": "2024-05-17", "close": 21.289541, "volume": 32056680, "typical_volume": 15117730.45, "trend": 17.668482, "fair_value": 13.549113, "relative_strength": 33.661542, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.799896, "energy": 47.998166, "activity_lines": [ 21.775791, 21.260464, 19.479286, 18.656365 ] }, { "date": "2024-05-24", "close": 20.217459, "volume": 18904831, "typical_volume": 15652616.6, "trend": 17.84055, "fair_value": 13.618756, "relative_strength": 29.20727, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.347683, "energy": 39.841036, "activity_lines": [ 21.325675, 21.206191, 19.664219, 18.820815 ] }, { "date": "2024-05-31", "close": 20.263081, "volume": 10377105, "typical_volume": 15878465.5, "trend": 18.001548, "fair_value": 13.686548, "relative_strength": 28.823091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.63433, "energy": 31.809444, "activity_lines": [ 20.936236, 21.114825, 19.842046, 18.977108 ] }, { "date": "2024-06-07", "close": 20.103407, "volume": 15853855, "typical_volume": 16329171.15, "trend": 18.142114, "fair_value": 13.749341, "relative_strength": 27.827034, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.28314, "energy": 19.587485, "activity_lines": [ 20.557585, 20.938595, 19.989478, 19.112711 ] }, { "date": "2024-06-14", "close": 20.293495, "volume": 7836414, "typical_volume": 16372635.7, "trend": 18.291894, "fair_value": 13.812765, "relative_strength": 27.503699, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.171891, "energy": 19.363192, "activity_lines": [ 20.292987, 20.783341, 20.138223, 19.25151 ] }, { "date": "2024-06-21", "close": 19.21381, "volume": 9074845, "typical_volume": 16342922.45, "trend": 18.389136, "fair_value": 13.867484, "relative_strength": 21.827717, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.114985, "energy": 16.866675, "activity_lines": [ 19.886458, 20.461636, 20.162434, 19.310989 ] }, { "date": "2024-06-28", "close": 19.388689, "volume": 12194665, "typical_volume": 16487447.75, "trend": 18.490408, "fair_value": 13.925922, "relative_strength": 24.370039, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.715772, "energy": 16.348635, "activity_lines": [ 19.676604, 20.206302, 20.185811, 19.375476 ] }, { "date": "2024-07-05", "close": 18.552313, "volume": 16957386, "typical_volume": 16675345.75, "trend": 18.536641, "fair_value": 13.981326, "relative_strength": 19.790894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.438241, "energy": 11.063781, "activity_lines": [ 19.24321, 19.826368, 20.100214, 19.37947 ] }, { "date": "2024-07-12", "close": 18.377434, "volume": 9816747, "typical_volume": 16807096.8, "trend": 18.562115, "fair_value": 14.035337, "relative_strength": 15.39911, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.122888, "energy": 13.980839, "activity_lines": [ 18.865574, 19.463202, 19.984778, 19.369198 ] }, { "date": "2024-07-19", "close": 17.191303, "volume": 7716229, "typical_volume": 16788518.75, "trend": 18.554886, "fair_value": 14.084643, "relative_strength": 6.506638, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.914407, "energy": 39.957462, "activity_lines": [ 18.207625, 18.929581, 19.746392, 19.280759 ] }, { "date": "2024-07-26", "close": 16.377737, "volume": 12073777, "typical_volume": 16995917.5, "trend": 18.516402, "fair_value": 14.130386, "relative_strength": 4.416826, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.63236, "energy": 52.782293, "activity_lines": [ 17.485301, 18.363887, 19.424412, 19.140298 ] }, { "date": "2024-08-02", "close": 16.575428, "volume": 7440004, "typical_volume": 16920023.25, "trend": 18.475153, "fair_value": 14.177781, "relative_strength": 5.623102, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.077792, "energy": 53.117879, "activity_lines": [ 17.017945, 17.923442, 19.121413, 19.015074 ] }, { "date": "2024-08-09", "close": 16.316914, "volume": 9041860, "typical_volume": 16993360.6, "trend": 18.44993, "fair_value": 14.220553, "relative_strength": 5.272584, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.657133, "energy": 60.822022, "activity_lines": [ 16.651969, 17.502214, 18.79925, 18.875832 ] }, { "date": "2024-08-16", "close": 15.807484, "volume": 8954753, "typical_volume": 16868707.55, "trend": 18.424275, "fair_value": 14.261531, "relative_strength": 1.862272, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.608883, "energy": 66.84482, "activity_lines": [ 16.265209, 17.06011, 18.432737, 18.705352 ] }, { "date": "2024-08-23", "close": 15.336073, "volume": 7024861, "typical_volume": 15782652.45, "trend": 18.410966, "fair_value": 14.296658, "relative_strength": 0.378911, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.638043, "energy": 69.044784, "activity_lines": [ 15.892642, 16.610404, 18.038228, 18.506113 ] }, { "date": "2024-08-30", "close": 15.761862, "volume": 5481008, "typical_volume": 14047967.6, "trend": 18.418325, "fair_value": 14.332114, "relative_strength": 0.654988, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.256805, "energy": 73.833512, "activity_lines": [ 15.785687, 16.328248, 17.715695, 18.335203 ] }, { "date": "2024-09-06", "close": 16.081205, "volume": 7880991, "typical_volume": 12730375.75, "trend": 18.513316, "fair_value": 14.358865, "relative_strength": 4.862777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.781823, "energy": 67.447138, "activity_lines": [ 15.826238, 16.166917, 17.449069, 18.184421 ] }, { "date": "2024-09-13", "close": 16.85877, "volume": 11686929, "typical_volume": 12256200.75, "trend": 18.549145, "fair_value": 14.393204, "relative_strength": 11.281745, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.198795, "energy": 44.140842, "activity_lines": [ 16.158926, 16.207098, 17.279442, 18.077676 ] }, { "date": "2024-09-20", "close": 16.835854, "volume": 5883090, "typical_volume": 12195599.85, "trend": 18.567661, "fair_value": 14.433168, "relative_strength": 9.256049, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.185872, "energy": 32.738512, "activity_lines": [ 16.447851, 16.273904, 17.128415, 17.967142 ] }, { "date": "2024-09-27", "close": 18.79138, "volume": 11939879, "typical_volume": 11409795.45, "trend": 18.663773, "fair_value": 14.471134, "relative_strength": 3.032728, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.612304, "energy": 19.746434, "activity_lines": [ 17.32006, 16.724289, 17.182809, 17.981575 ] }, { "date": "2024-10-04", "close": 21.159399, "volume": 6537592, "typical_volume": 10133841.05, "trend": 18.822091, "fair_value": 14.529215, "relative_strength": 4.342998, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 22.535944, "energy": 33.731701, "activity_lines": [ 18.751255, 17.57613, 17.485451, 18.142583 ] }, { "date": "2024-10-11", "close": 19.876085, "volume": 22462389, "typical_volume": 10311718.95, "trend": 18.893922, "fair_value": 14.578096, "relative_strength": 2.171032, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.963792, "energy": 36.795455, "activity_lines": [ 19.394843, 18.107703, 17.666492, 18.210583 ] }, { "date": "2024-10-18", "close": 21.579531, "volume": 14454694, "typical_volume": 10515598.4, "trend": 19.040163, "fair_value": 14.642831, "relative_strength": 7.075365, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.042284, "energy": 50.441438, "activity_lines": [ 20.353254, 18.888981, 18.011391, 18.383848 ] }, { "date": "2024-10-25", "close": 21.923277, "volume": 42209251, "typical_volume": 11833368.2, "trend": 19.125732, "fair_value": 14.707416, "relative_strength": 5.582927, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.28887, "energy": 60.125985, "activity_lines": [ 21.111529, 19.637074, 18.38276, 18.569855 ] }, { "date": "2024-11-01", "close": 21.533697, "volume": 20390414, "typical_volume": 12461068.2, "trend": 19.112336, "fair_value": 14.774257, "relative_strength": 4.841847, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.685012, "energy": 54.81447, "activity_lines": [ 21.400784, 20.203138, 18.708359, 18.725208 ] }, { "date": "2024-11-08", "close": 22.129522, "volume": 19482615, "typical_volume": 12981456.7, "trend": 19.146142, "fair_value": 14.842994, "relative_strength": 0.561216, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.903077, "energy": 56.573937, "activity_lines": [ 21.705825, 20.76485, 19.084798, 18.919865 ] }, { "date": "2024-11-15", "close": 22.1448, "volume": 17537899, "typical_volume": 13248618.4, "trend": 19.187651, "fair_value": 14.90798, "relative_strength": 4.01088, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.193229, "energy": 41.468635, "activity_lines": [ 21.951284, 21.213564, 19.448808, 19.113327 ] }, { "date": "2024-11-22", "close": 21.388563, "volume": 8604651, "typical_volume": 12830981.65, "trend": 19.193161, "fair_value": 14.963998, "relative_strength": 3.028578, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.785731, "energy": 44.536587, "activity_lines": [ 21.793417, 21.414534, 19.727671, 19.255321 ] }, { "date": "2024-11-29", "close": 21.938551, "volume": 8149195, "typical_volume": 12747604.05, "trend": 19.228987, "fair_value": 15.031941, "relative_strength": 3.54883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.747539, "energy": 42.232612, "activity_lines": [ 21.83161, 21.633141, 20.045407, 19.432443 ] }, { "date": "2024-12-06", "close": 22.5191, "volume": 19972276, "typical_volume": 13360406.4, "trend": 19.194192, "fair_value": 15.095546, "relative_strength": 4.197763, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.340143, "energy": 41.666217, "activity_lines": [ 22.062301, 21.864526, 20.401477, 19.644708 ] }, { "date": "2024-12-13", "close": 22.923956, "volume": 16761745, "typical_volume": 13594804.8, "trend": 19.248673, "fair_value": 15.157151, "relative_strength": 6.542933, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.719926, "energy": 41.254572, "activity_lines": [ 22.362251, 22.101745, 20.770733, 19.885338 ] }, { "date": "2024-12-20", "close": 22.549654, "volume": 10376136, "typical_volume": 13741611.4, "trend": 19.326412, "fair_value": 15.215881, "relative_strength": 5.192337, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.47686, "energy": 39.36492, "activity_lines": [ 22.484471, 22.238826, 21.07317, 20.098305 ] }, { "date": "2024-12-27", "close": 21.419115, "volume": 7425721, "typical_volume": 13660804.45, "trend": 19.364947, "fair_value": 15.271846, "relative_strength": -0.309621, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.387687, "energy": 34.707859, "activity_lines": [ 22.202854, 22.121744, 21.239487, 20.233318 ] }, { "date": "2025-01-03", "close": 19.830252, "volume": 5820295, "typical_volume": 13504081.55, "trend": 19.355842, "fair_value": 15.318848, "relative_strength": -0.717007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.33835, "energy": 18.991376, "activity_lines": [ 21.38958, 21.718695, 21.230188, 20.263337 ] }, { "date": "2025-01-10", "close": 19.899, "volume": 5426447, "typical_volume": 13424160.85, "trend": 19.342692, "fair_value": 15.366405, "relative_strength": 0.5044, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.72637, "energy": 18.176344, "activity_lines": [ 20.739774, 21.3662, 21.20828, 20.29838 ] }, { "date": "2025-01-17", "close": 20.624683, "volume": 6988150, "typical_volume": 13499517.95, "trend": 19.389721, "fair_value": 15.41816, "relative_strength": 0.24549, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.861296, "energy": 17.803817, "activity_lines": [ 20.506537, 21.17537, 21.233756, 20.381089 ] }, { "date": "2025-01-24", "close": 20.158718, "volume": 4211870, "typical_volume": 13316061.9, "trend": 19.415389, "fair_value": 15.472588, "relative_strength": -3.42417, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.441159, "energy": 19.203277, "activity_lines": [ 20.271263, 20.927179, 21.191699, 20.430702 ] }, { "date": "2025-01-31", "close": 19.761503, "volume": 2060695, "typical_volume": 12834750.2, "trend": 19.455695, "fair_value": 15.487435, "relative_strength": -4.209599, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.087605, "energy": 16.911303, "activity_lines": [ 20.062979, 20.642878, 21.092395, 20.453032 ] }, { "date": "2025-02-07", "close": 20.586489, "volume": 3935333, "typical_volume": 12737362.35, "trend": 19.52933, "fair_value": 15.515584, "relative_strength": -4.447894, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.49643, "energy": 12.208965, "activity_lines": [ 20.240198, 20.538157, 21.057839, 20.525986 ] }, { "date": "2025-02-14", "close": 19.371925, "volume": 16377715, "typical_volume": 12959254.15, "trend": 19.602018, "fair_value": 15.534385, "relative_strength": -11.546807, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.197718, "energy": 21.895128, "activity_lines": [ 19.962147, 20.237189, 20.889749, 20.515831 ] }, { "date": "2025-02-21", "close": 20.166357, "volume": 17805632, "typical_volume": 13522656.15, "trend": 19.728305, "fair_value": 15.570503, "relative_strength": -9.979702, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.537213, "energy": 12.371932, "activity_lines": [ 19.984045, 20.137885, 20.794555, 20.55224 ] }, { "date": "2025-02-28", "close": 17.439316, "volume": 41377375, "typical_volume": 14468405.45, "trend": 19.757101, "fair_value": 15.589932, "relative_strength": -19.331708, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.306814, "energy": 34.34979, "activity_lines": [ 19.127484, 19.592894, 20.444372, 20.404563 ] }, { "date": "2025-03-07", "close": 17.202515, "volume": 52339534, "typical_volume": 16362647.45, "trend": 19.786621, "fair_value": 15.608341, "relative_strength": -22.011581, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.434053, "energy": 58.292687, "activity_lines": [ 18.373283, 19.097763, 20.08324, 20.239751 ] }, { "date": "2025-03-14", "close": 17.408762, "volume": 27543960, "typical_volume": 15629382.9, "trend": 19.839997, "fair_value": 15.622571, "relative_strength": -21.853543, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.519543, "energy": 63.143046, "activity_lines": [ 17.85843, 18.716797, 19.762594, 20.086341 ] }, { "date": "2025-03-21", "close": 17.928198, "volume": 46972102, "typical_volume": 16958467.3, "trend": 19.926401, "fair_value": 15.639385, "relative_strength": -17.23848, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.782207, "energy": 63.131314, "activity_lines": [ 17.728571, 18.4743, 19.512915, 19.962999 ] }, { "date": "2025-03-28", "close": 17.729589, "volume": 31115850, "typical_volume": 17540129.05, "trend": 19.991992, "fair_value": 15.655581, "relative_strength": -17.232022, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.589539, "energy": 68.821741, "activity_lines": [ 17.628758, 18.231526, 19.26149, 19.821269 ] }, { "date": "2025-04-04", "close": 17.118488, "volume": 30169088, "typical_volume": 18171688.5, "trend": 20.026568, "fair_value": 15.674674, "relative_strength": -17.715468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.6961, "energy": 63.72468, "activity_lines": [ 17.487695, 17.930281, 18.972818, 19.635882 ] }, { "date": "2025-04-11", "close": 14.712275, "volume": 41401321, "typical_volume": 19811522.0, "trend": 19.955018, "fair_value": 15.676215, "relative_strength": -24.891031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.099045, "energy": 69.45252, "activity_lines": [ 16.56595, 17.246819, 18.478917, 19.293024 ] }, { "date": "2025-04-18", "close": 14.383807, "volume": 18194625, "typical_volume": 20313793.5, "trend": 19.873284, "fair_value": 15.668315, "relative_strength": -25.610138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.420336, "energy": 83.300059, "activity_lines": [ 15.700732, 16.59544, 17.985525, 18.933591 ] }, { "date": "2025-04-25", "close": 15.460874, "volume": 31199714, "typical_volume": 20875165.4, "trend": 19.762267, "fair_value": 15.667705, "relative_strength": -20.603608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.280164, "energy": 75.842938, "activity_lines": [ 15.396199, 16.252668, 17.630685, 18.64892 ] }, { "date": "2025-05-02", "close": 16.270584, "volume": 28419524, "typical_volume": 21458054.35, "trend": 19.599306, "fair_value": 15.681136, "relative_strength": -15.861032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.525303, "energy": 67.471367, "activity_lines": [ 15.526058, 16.128225, 17.386572, 18.42365 ] }, { "date": "2025-05-09", "close": 17.454594, "volume": 55127854, "typical_volume": 23695640.25, "trend": 19.51859, "fair_value": 15.702927, "relative_strength": -11.151252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.737242, "energy": 44.02149, "activity_lines": [ 16.147854, 16.289889, 17.286904, 18.285281 ] }, { "date": "2025-05-16", "close": 16.194195, "volume": 32405689, "typical_volume": 24944638.65, "trend": 19.339079, "fair_value": 15.727052, "relative_strength": -17.502177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.878213, "energy": 31.358107, "activity_lines": [ 16.327111, 16.222112, 17.091461, 18.070804 ] }, { "date": "2025-05-23", "close": 15.384486, "volume": 16098954, "typical_volume": 25458571.6, "trend": 19.121119, "fair_value": 15.7516, "relative_strength": -20.766753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.282751, "energy": 32.218907, "activity_lines": [ 16.137669, 16.025449, 16.843783, 17.815669 ] }, { "date": "2025-05-30", "close": 15.31492, "volume": 12679219, "typical_volume": 25821210.2, "trend": 18.913826, "fair_value": 15.77405, "relative_strength": -19.890696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.875873, "energy": 37.703877, "activity_lines": [ 15.858327, 15.852942, 16.61065, 17.570108 ] }, { "date": "2025-06-06", "close": 15.667516, "volume": 9594126, "typical_volume": 25951509.0, "trend": 18.698426, "fair_value": 15.796813, "relative_strength": -18.677348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.651901, "energy": 46.482819, "activity_lines": [ 15.706247, 15.792057, 16.432926, 17.360669 ] }, { "date": "2025-06-13", "close": 15.406902, "volume": 12860503, "typical_volume": 26383940.65, "trend": 18.47383, "fair_value": 15.817, "relative_strength": -18.990722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.584527, "energy": 54.432269, "activity_lines": [ 15.5075, 15.72128, 16.253988, 17.148312 ] }, { "date": "2025-06-20", "close": 15.000651, "volume": 9967588, "typical_volume": 26779285.3, "trend": 18.260899, "fair_value": 15.836009, "relative_strength": -19.693967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.329811, "energy": 56.486464, "activity_lines": [ 15.309849, 15.607759, 16.058986, 16.924236 ] }, { "date": "2025-06-27", "close": 16.755964, "volume": 28413768, "typical_volume": 28003207.05, "trend": 18.088146, "fair_value": 15.863848, "relative_strength": -13.008562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.581049, "energy": 32.586529, "activity_lines": [ 15.776872, 15.808143, 16.053828, 16.827144 ] }, { "date": "2025-07-04", "close": 16.526011, "volume": 32206887, "typical_volume": 28794665.65, "trend": 17.888377, "fair_value": 15.8901, "relative_strength": -14.770089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.471971, "energy": 21.330014, "activity_lines": [ 16.075812, 15.923587, 16.045011, 16.726361 ] }, { "date": "2025-07-11", "close": 16.44936, "volume": 12493571, "typical_volume": 28529062.6, "trend": 17.672557, "fair_value": 15.909997, "relative_strength": -16.181523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.096406, "energy": 18.471466, "activity_lines": [ 16.268463, 16.005729, 16.042445, 16.633521 ] }, { "date": "2025-07-18", "close": 17.384504, "volume": 28809626, "typical_volume": 27900675.15, "trend": 17.500385, "fair_value": 15.930229, "relative_strength": -12.875097, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.098546, "energy": 15.115557, "activity_lines": [ 16.720705, 16.254646, 16.146641, 16.614937 ] }, { "date": "2025-07-25", "close": 17.514812, "volume": 52621092, "typical_volume": 27914753.05, "trend": 17.370242, "fair_value": 15.947449, "relative_strength": -13.915852, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.666718, "energy": 18.709357, "activity_lines": [ 17.084543, 16.52853, 16.263507, 16.615868 ] }, { "date": "2025-08-01", "close": 17.514812, "volume": 20095415, "typical_volume": 27542325.8, "trend": 17.29306, "fair_value": 15.968335, "relative_strength": -12.211917, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.000273, "energy": 31.181712, "activity_lines": [ 17.28077, 16.778402, 16.378887, 16.625195 ] }, { "date": "2025-08-08", "close": 18.212337, "volume": 19196573, "typical_volume": 26153549.35, "trend": 17.236838, "fair_value": 15.991814, "relative_strength": -9.547795, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.149991, "energy": 55.389363, "activity_lines": [ 17.658916, 17.116364, 16.560193, 16.684503 ] }, { "date": "2025-08-15", "close": 19.024841, "volume": 31286634, "typical_volume": 26162088.55, "trend": 17.18351, "fair_value": 16.019868, "relative_strength": -9.373313, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.544871, "energy": 68.355194, "activity_lines": [ 18.195474, 17.549374, 16.817527, 16.799858 ] }, { "date": "2025-08-22", "close": 20.427561, "volume": 31670187, "typical_volume": 26237143.5, "trend": 17.192472, "fair_value": 16.054219, "relative_strength": -6.747438, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.355598, "energy": 79.22303, "activity_lines": [ 19.027908, 18.176382, 17.202285, 17.009152 ] }, { "date": "2025-08-29", "close": 20.166945, "volume": 25571135, "typical_volume": 25445634.2, "trend": 17.205986, "fair_value": 16.093781, "relative_strength": -11.497816, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.199271, "energy": 77.289916, "activity_lines": [ 19.570599, 18.66472, 17.546466, 17.201053 ] }, { "date": "2025-09-05", "close": 20.810816, "volume": 23754509, "typical_volume": 25723628.4, "trend": 17.213464, "fair_value": 16.132401, "relative_strength": -7.584532, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.797605, "energy": 88.225798, "activity_lines": [ 20.151104, 19.176193, 17.925993, 17.433623 ] }, { "date": "2025-09-12", "close": 19.492414, "volume": 20428716, "typical_volume": 25185078.5, "trend": 17.21748, "fair_value": 16.1649, "relative_strength": -15.122601, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.751578, "energy": 73.525107, "activity_lines": [ 20.072409, 19.374232, 18.149353, 17.580652 ] }, { "date": "2025-09-19", "close": 19.247129, "volume": 21215074, "typical_volume": 24824856.0, "trend": 17.186839, "fair_value": 16.209908, "relative_strength": -16.578623, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.867548, "energy": 51.096616, "activity_lines": [ 19.826613, 19.473739, 18.330154, 17.711597 ] }, { "date": "2025-09-26", "close": 21.171076, "volume": 53687053, "typical_volume": 24752815.95, "trend": 17.311231, "fair_value": 16.270735, "relative_strength": -8.829765, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.174133, "energy": 51.700977, "activity_lines": [ 20.207314, 19.872186, 18.680015, 17.968644 ] }, { "date": "2025-10-03", "close": 21.209402, "volume": 29128011, "typical_volume": 24588932.05, "trend": 17.444794, "fair_value": 16.329, "relative_strength": -10.375803, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.121973, "energy": 49.69646, "activity_lines": [ 20.551223, 20.208755, 19.015828, 18.220139 ] }, { "date": "2025-10-10", "close": 21.62332, "volume": 29626423, "typical_volume": 25265305.5, "trend": 17.585279, "fair_value": 16.39714, "relative_strength": -7.09206, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.312204, "energy": 51.494436, "activity_lines": [ 20.963607, 20.553407, 19.367181, 18.489722 ] }, { "date": "2025-10-17", "close": 22.734762, "volume": 63048047, "typical_volume": 27783746.9, "trend": 17.745498, "fair_value": 16.473084, "relative_strength": 3.146257, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.073199, "energy": 56.587276, "activity_lines": [ 21.692305, 21.025439, 19.794676, 18.821946 ] }, { "date": "2025-10-24", "close": 23.340307, "volume": 30577723, "typical_volume": 28832926.75, "trend": 17.932522, "fair_value": 16.554789, "relative_strength": 1.456613, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.894698, "energy": 69.777035, "activity_lines": [ 22.406695, 21.525345, 20.244509, 19.182902 ] }, { "date": "2025-10-31", "close": 24.735359, "volume": 32509884, "typical_volume": 29815395.8, "trend": 18.186418, "fair_value": 16.643648, "relative_strength": 7.055638, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.728711, "energy": 74.628848, "activity_lines": [ 23.313223, 22.200433, 20.790667, 19.621794 ] }, { "date": "2025-11-07", "close": 23.217665, "volume": 19044601, "typical_volume": 30269246.45, "trend": 18.469931, "fair_value": 16.722008, "relative_strength": 0.57373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.214076, "energy": 62.051878, "activity_lines": [ 23.476235, 22.521253, 21.147862, 19.946391 ] }, { "date": "2025-11-14", "close": 24.35977, "volume": 23633136, "typical_volume": 30030214.85, "trend": 18.802463, "fair_value": 16.810701, "relative_strength": 7.282285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.578889, "energy": 58.333179, "activity_lines": [ 23.886064, 22.994262, 21.5747, 20.326381 ] }, { "date": "2025-11-21", "close": 23.010706, "volume": 12431360, "typical_volume": 29041438.5, "trend": 19.054124, "fair_value": 16.885674, "relative_strength": 7.076743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.705732, "energy": 48.731127, "activity_lines": [ 23.663775, 23.157459, 21.836847, 20.59788 ] }, { "date": "2025-11-28", "close": 23.570263, "volume": 8787768, "typical_volume": 28856148.35, "trend": 19.297447, "fair_value": 16.965231, "relative_strength": 6.213365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.254902, "energy": 42.927249, "activity_lines": [ 23.609609, 23.358425, 22.121406, 20.889244 ] }, { "date": "2025-12-05", "close": 27.149874, "volume": 29172971, "typical_volume": 28874315.6, "trend": 19.620623, "fair_value": 17.0659, "relative_strength": 20.851231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.170493, "energy": 55.203205, "activity_lines": [ 24.733316, 24.131627, 22.712971, 21.395852 ] }, { "date": "2025-12-12", "close": 26.850935, "volume": 26529473, "typical_volume": 27569734.65, "trend": 19.975847, "fair_value": 17.167211, "relative_strength": 18.676154, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.407264, "energy": 57.709171, "activity_lines": [ 25.596409, 24.741771, 23.229564, 21.862324 ] }, { "date": "2025-12-19", "close": 26.536665, "volume": 15125520, "typical_volume": 27321239.9, "trend": 20.347587, "fair_value": 17.264765, "relative_strength": 18.472977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.989281, "energy": 66.149305, "activity_lines": [ 26.112528, 25.192202, 23.671769, 22.285602 ] }, { "date": "2025-12-26", "close": 27.096218, "volume": 14995385, "typical_volume": 27111180.5, "trend": 20.740297, "fair_value": 17.366584, "relative_strength": 16.870957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.182808, "energy": 78.653929, "activity_lines": [ 26.670038, 25.655036, 24.124304, 22.720998 ] }, { "date": "2026-01-02", "close": 29.027832, "volume": 15017857, "typical_volume": 26297741.65, "trend": 21.18564, "fair_value": 17.484272, "relative_strength": 25.73017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.361844, "energy": 80.763472, "activity_lines": [ 27.599051, 26.389773, 24.718497, 23.255678 ] }, { "date": "2026-01-09", "close": 30.43055, "volume": 32371359, "typical_volume": 26332800.25, "trend": 21.686429, "fair_value": 17.614053, "relative_strength": 26.074767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.486078, "energy": 82.538544, "activity_lines": [ 28.6318, 27.276141, 25.398649, 23.852123 ] }, { "date": "2026-01-16", "close": 29.901655, "volume": 29506461, "typical_volume": 26529566.55, "trend": 22.183129, "fair_value": 17.739651, "relative_strength": 22.399302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.40953, "energy": 83.098461, "activity_lines": [ 29.269538, 27.962797, 25.980797, 24.382138 ] }, { "date": "2026-01-23", "close": 33.795536, "volume": 25743963, "typical_volume": 26629039.25, "trend": 22.751115, "fair_value": 17.886407, "relative_strength": 36.234293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.848209, "energy": 90.257686, "activity_lines": [ 31.001855, 29.235904, 26.887435, 25.131326 ] }, { "date": "2026-01-30", "close": 38.003693, "volume": 60039561, "typical_volume": 28609581.5, "trend": 23.467037, "fair_value": 18.059504, "relative_strength": 54.457778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.551321, "energy": 90.786204, "activity_lines": [ 33.652967, 31.102571, 28.133018, 26.115363 ] }, { "date": "2026-02-06", "close": 31.710625, "volume": 62096681, "typical_volume": 30653661.85, "trend": 23.975746, "fair_value": 18.189477, "relative_strength": 31.167427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.98238, "energy": 60.780006, "activity_lines": [ 33.479224, 31.552444, 28.691113, 26.647207 ] }, { "date": "2026-02-13", "close": 33.013695, "volume": 30579756, "typical_volume": 29498297.0, "trend": 24.496719, "fair_value": 18.324792, "relative_strength": 33.885165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.104303, "energy": 58.014064, "activity_lines": [ 33.560985, 32.091233, 29.313959, 27.230301 ] }, { "date": "2026-02-27", "close": 35.573849, "volume": 19787817, "typical_volume": 29031287.3, "trend": 25.098687, "fair_value": 18.469976, "relative_strength": 39.387842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.202397, "energy": 59.02294, "activity_lines": [ 34.323921, 32.988889, 30.124236, 27.944954 ] }, { "date": "2026-03-06", "close": 33.381622, "volume": 19069227, "typical_volume": 28503427.5, "trend": 25.627581, "fair_value": 18.60113, "relative_strength": 32.741954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.105186, "energy": 44.850309, "activity_lines": [ 33.977969, 33.32936, 30.657327, 28.479337 ] }, { "date": "2026-03-13", "close": 30.944113, "volume": 14949868, "typical_volume": 26098518.55, "trend": 26.051973, "fair_value": 18.716636, "relative_strength": 21.353931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.090103, "energy": 35.020034, "activity_lines": [ 32.847108, 33.102193, 30.902282, 28.822339 ] }, { "date": "2026-03-20", "close": 28.177002, "volume": 18933460, "typical_volume": 25516305.4, "trend": 26.357045, "fair_value": 18.823866, "relative_strength": 13.26153, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.921391, "energy": 20.255755, "activity_lines": [ 31.264515, 32.301954, 30.844612, 28.959438 ] }, { "date": "2026-03-27", "close": 26.981243, "volume": 22527554, "typical_volume": 25017188.9, "trend": 26.575501, "fair_value": 18.922346, "relative_strength": 8.95825, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.846674, "energy": 17.977504, "activity_lines": [ 29.51891, 31.299774, 30.650027, 28.999709 ] }, { "date": "2026-04-03", "close": 26.061428, "volume": 11944423, "typical_volume": 24662180.0, "trend": 26.771984, "fair_value": 19.015811, "relative_strength": 8.131438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.55295, "energy": 21.432539, "activity_lines": [ 27.868864, 30.19307, 30.357146, 28.966543 ] }, { "date": "2026-04-10", "close": 28.314974, "volume": 9041384, "typical_volume": 23932592.4, "trend": 27.022123, "fair_value": 19.122251, "relative_strength": 9.247159, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.437194, "energy": 21.129532, "activity_lines": [ 27.604162, 29.565923, 30.265347, 29.06609 ] }, { "date": "2026-04-17", "close": 27.1882, "volume": 24967228, "typical_volume": 24559385.8, "trend": 27.278649, "fair_value": 19.217459, "relative_strength": 0.488322, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.517835, "energy": 19.389147, "activity_lines": [ 27.301645, 28.833555, 30.047402, 29.076805 ] }, { "date": "2026-04-24", "close": 26.697632, "volume": 21221122, "typical_volume": 25181053.5, "trend": 27.526999, "fair_value": 19.304749, "relative_strength": -2.01537, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.159879, "energy": 27.987547, "activity_lines": [ 27.085999, 28.208638, 29.762843, 29.03932 ] }, { "date": "2026-05-01", "close": 25.333241, "volume": 13437840, "typical_volume": 24394296.95, "trend": 27.665738, "fair_value": 19.387963, "relative_strength": -8.166335, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.06604, "energy": 30.619028, "activity_lines": [ 26.514181, 27.426795, 29.33345, 28.897787 ] }, { "date": "2026-05-08", "close": 25.66284, "volume": 13801084, "typical_volume": 23757877.5, "trend": 27.814186, "fair_value": 19.476783, "relative_strength": -9.703737, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.214876, "energy": 40.181069, "activity_lines": [ 26.162096, 26.844524, 28.944098, 28.768568 ] }, { "date": "2026-05-15", "close": 26.582657, "volume": 35789043, "typical_volume": 24791053.65, "trend": 27.979497, "fair_value": 19.569528, "relative_strength": -6.437574, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.55121, "energy": 42.013031, "activity_lines": [ 26.143189, 26.609693, 28.648006, 28.689115 ] }, { "date": "2026-05-22", "close": 25.200001, "volume": 30896966, "typical_volume": 25586132.7, "trend": 28.061672, "fair_value": 19.646664, "relative_strength": -11.531523, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.720642, "energy": 49.362899, "activity_lines": [ 25.778884, 26.247087, 28.220012, 28.509792 ] }, { "date": "2026-05-29", "close": 23.879999, "volume": 29963678, "typical_volume": 26333423.75, "trend": 28.079661, "fair_value": 19.721046, "relative_strength": -16.059404, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.152189, "energy": 53.29942, "activity_lines": [ 25.107126, 25.748919, 27.675334, 28.240007 ] }, { "date": "2026-06-05", "close": 23.25, "volume": 5090062, "typical_volume": 24969358.9, "trend": 28.030149, "fair_value": 19.788104, "relative_strength": -16.877892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.101439, "energy": 69.084772, "activity_lines": [ 24.41321, 25.214334, 27.09517, 27.928416 ] }, { "date": "2026-06-12", "close": 21.76, "volume": 3595105, "typical_volume": 23673791.1, "trend": 27.981561, "fair_value": 19.846509, "relative_strength": -20.307775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.038024, "energy": 80.020909, "activity_lines": [ 23.36151, 24.47668, 26.407294, 27.52389 ] }, { "date": "2026-06-19", "close": 22.4, "volume": 14119877, "typical_volume": 23092586.8, "trend": 27.916235, "fair_value": 19.91265, "relative_strength": -23.324844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.200749, "energy": 78.946538, "activity_lines": [ 22.783333, 23.933597, 25.819139, 27.16379 ] }, { "date": "2026-06-26", "close": 19.290001, "volume": 2980741, "typical_volume": 20239645.8, "trend": 27.792211, "fair_value": 19.960169, "relative_strength": -32.734116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.089177, "energy": 89.673452, "activity_lines": [ 21.447334, 22.932605, 24.98906, 26.607258 ] }, { "date": "2026-07-03", "close": 19.549999, "volume": 5266650, "typical_volume": 17398144.25, "trend": 27.658203, "fair_value": 20.009423, "relative_strength": -30.755551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.403996, "energy": 89.03434, "activity_lines": [ 20.592, 22.122489, 24.272854, 26.075503 ] }, { "date": "2026-07-10", "close": 17.860001, "volume": 19761310, "typical_volume": 16857221.95, "trend": 27.34854, "fair_value": 20.043694, "relative_strength": -34.155809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.144775, "energy": 90.501366, "activity_lines": [ 19.462, 21.135057, 23.453604, 25.443361 ] }, { "date": "2026-07-17", "close": 16.42, "volume": 21873839, "typical_volume": 16961523.05, "trend": 27.000842, "fair_value": 20.066797, "relative_strength": -33.305697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.645197, "energy": 93.12833, "activity_lines": [ 18.211334, 20.021685, 22.569372, 24.738294 ] }, { "date": "2026-07-24", "close": 19.799999, "volume": 41102150, "typical_volume": 18063169.2, "trend": 26.776287, "fair_value": 20.110943, "relative_strength": -19.839329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.826349, "energy": 74.064156, "activity_lines": [ 18.443333, 19.690909, 22.098253, 24.273723 ] }, { "date": "2026-07-31", "close": 18.98, "volume": 29882569, "typical_volume": 18809804.25, "trend": 26.505746, "fair_value": 20.139733, "relative_strength": -21.908577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.563214, "energy": 61.061774, "activity_lines": [ 18.575333, 19.334364, 21.613713, 23.770737 ] }, { "date": "2026-08-07", "close": 21.280001, "volume": 28319269, "typical_volume": 19279094.7, "trend": 26.247485, "fair_value": 20.178769, "relative_strength": -16.829087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.098868, "energy": 47.521983, "activity_lines": [ 19.494667, 19.509091, 21.405193, 23.433592 ] } ], "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." } } }