{ "ticker": { "uuid": "d35ac795-fe82-4eba-829d-d43f33fcf122", "symbol": "688569", "name": "Beijing Tieke Shougang Rail Way-Tech Co., Ltd.", "exchange": "SHH", "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": "000001.SS", "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": -61.452, "architecture_energy": 53.841, "architecture_maturity": 49.878, "architecture_confidence": 91.987, "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": 11.21, "rotation_up": 22.96, "upward_expansion": 8.75, "deceleration": 58.71, "rotation_down": 53.99, "downward_expansion": 79.75 }, "activity_lines": [ 16.638, 16.805272, 17.727552, 18.449525 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 17.219999, "trend_reference": 19.407699, "distance_from_trend": -0.112723, "trend_direction": "Weakening", "fair_value": 22.36253, "distance_from_fair_value": -0.229962, "fair_value_direction": "Weakening", "relative_strength": -14.905576, "relative_strength_direction": "Weakening", "price_momentum": -0.179738, "excess_performance": -0.136534, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.112723, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.068366, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.229962, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.080782, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.149056, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.034018, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.179738, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.353855, "read": "Supply-led" } ], "volume": { "latest": 5504767, "relative_activity": 1.085429, "balance": 0.353855, "dry_up": 1.003556, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.065579, "annualized_volatility": 0.269161, "from_high_reference": -0.327613, "from_low_reference": 0.098915 }, "levels": { "trend_reference": 19.407699, "fair_value_reference": 22.36253, "structural_low": 15.67, "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": 18, "median_return": -0.019831, "positive_rate": 0.277778, "directional_follow_through": 0.722222, "median_excess_return": 0.003871, "regime_survival": 0.777778, "best_return": 0.291435, "worst_return": -0.158937, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.028345, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.057569, "regime_survival": 0.428571, "best_return": 0.337363, "worst_return": -0.16398, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.027574, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.027044, "regime_survival": 0.0, "best_return": 1.397465, "worst_return": -0.132865, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.16161, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.083631, "regime_survival": 0.0, "best_return": 0.46218, "worst_return": -0.13896, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-01-10", "tenure": "Developing", "return": -0.16073, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.026566, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": 0.003447, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": 0.017258, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-04", "end": "2025-05-02", "tenure": "Developing", "return": -0.131292, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-08-01", "tenure": "Established", "return": 0.033614, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-09-19", "tenure": "Developing", "return": -0.098956, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-11-21", "tenure": "Developing", "return": -0.003316, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": -0.010353, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.002801, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-03-27", "tenure": "Developing", "return": -0.082385, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-05-15", "tenure": "Developing", "return": 0.027778, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-22", "end": "2026-05-22", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.102658, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 44.671127, "volume": 11885385, "typical_volume": 24773026.35, "trend": 28.925816, "fair_value": 20.067823, "relative_strength": 81.740108, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.838913, "energy": 65.233305, "activity_lines": [ 41.482552, 39.472715, 37.280465, 33.823277 ] }, { "date": "2023-08-04", "close": 48.646545, "volume": 19505666, "typical_volume": 23224640.2, "trend": 29.99502, "fair_value": 20.258348, "relative_strength": 92.599341, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.307632, "energy": 79.697238, "activity_lines": [ 44.120783, 41.417911, 38.636399, 35.095582 ] }, { "date": "2023-08-11", "close": 34.161949, "volume": 23085806, "typical_volume": 22648633.45, "trend": 30.56225, "fair_value": 20.350424, "relative_strength": 37.694015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.751123, "energy": 40.831021, "activity_lines": [ 41.355109, 40.489072, 38.503751, 35.364416 ] }, { "date": "2023-08-18", "close": 35.12252, "volume": 14665449, "typical_volume": 22542041.65, "trend": 31.174059, "fair_value": 20.447609, "relative_strength": 42.192178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.03543, "energy": 27.272723, "activity_lines": [ 39.163241, 39.736527, 38.406586, 35.658627 ] }, { "date": "2023-08-25", "close": 32.11718, "volume": 9983501, "typical_volume": 22320156.5, "trend": 31.665594, "fair_value": 20.523881, "relative_strength": 31.484326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.845458, "energy": 13.046733, "activity_lines": [ 36.368403, 38.420092, 37.965492, 35.719473 ] }, { "date": "2023-09-01", "close": 34.447273, "volume": 13456644, "typical_volume": 22460076.95, "trend": 32.219098, "fair_value": 20.614293, "relative_strength": 36.204165, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.448126, "energy": 21.127806, "activity_lines": [ 34.869539, 37.595613, 37.704489, 35.898936 ] }, { "date": "2023-09-08", "close": 33.334534, "volume": 10483775, "typical_volume": 20735692.05, "trend": 32.726718, "fair_value": 20.696359, "relative_strength": 30.90542, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.147044, "energy": 19.79569, "activity_lines": [ 33.681353, 36.599079, 37.282662, 35.9709 ] }, { "date": "2023-09-15", "close": 31.812841, "volume": 6702355, "typical_volume": 18499335.8, "trend": 33.192722, "fair_value": 20.767618, "relative_strength": 23.520916, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.128346, "energy": 29.085798, "activity_lines": [ 33.006736, 35.447262, 36.742263, 35.91194 ] }, { "date": "2023-09-22", "close": 31.869904, "volume": 5397472, "typical_volume": 17560731.6, "trend": 33.638018, "fair_value": 20.806972, "relative_strength": 21.786531, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.899295, "energy": 34.666976, "activity_lines": [ 32.507747, 34.4177, 36.248703, 35.826597 ] }, { "date": "2023-09-29", "close": 32.212284, "volume": 6441385, "typical_volume": 15689440.15, "trend": 34.086249, "fair_value": 20.867731, "relative_strength": 22.540183, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.613314, "energy": 32.717631, "activity_lines": [ 32.339727, 33.618293, 35.840814, 35.734614 ] }, { "date": "2023-10-13", "close": 29.701496, "volume": 9631506, "typical_volume": 14826056.2, "trend": 34.387043, "fair_value": 20.905619, "relative_strength": 12.674871, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.448198, "energy": 41.459765, "activity_lines": [ 31.328436, 32.502271, 35.204236, 35.451727 ] }, { "date": "2023-10-20", "close": 26.543989, "volume": 16065422, "typical_volume": 14617866.25, "trend": 34.413962, "fair_value": 20.933519, "relative_strength": 3.362013, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.310963, "energy": 56.269221, "activity_lines": [ 29.581029, 31.084333, 34.289824, 34.945723 ] }, { "date": "2023-10-27", "close": 27.057562, "volume": 6607054, "typical_volume": 13429278.45, "trend": 34.56916, "fair_value": 20.969073, "relative_strength": 3.320848, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.90332, "energy": 69.692975, "activity_lines": [ 28.457515, 30.161635, 33.466594, 34.471117 ] }, { "date": "2023-11-03", "close": 27.057562, "volume": 6991545, "typical_volume": 13034482.15, "trend": 34.704262, "fair_value": 21.000502, "relative_strength": 2.132817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.204382, "energy": 75.537411, "activity_lines": [ 27.65102, 29.368109, 32.677625, 33.986498 ] }, { "date": "2023-11-10", "close": 27.029026, "volume": 6439354, "typical_volume": 12585658.2, "trend": 34.827422, "fair_value": 21.03269, "relative_strength": 1.082562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.644431, "energy": 78.689823, "activity_lines": [ 27.155836, 28.716029, 31.919768, 33.491321 ] }, { "date": "2023-11-17", "close": 27.685257, "volume": 5907855, "typical_volume": 12183796.95, "trend": 34.985959, "fair_value": 21.07486, "relative_strength": 2.330175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.488164, "energy": 84.14413, "activity_lines": [ 27.224946, 28.275777, 31.266528, 33.030536 ] }, { "date": "2023-11-24", "close": 26.420351, "volume": 5180043, "typical_volume": 11282518.4, "trend": 34.571024, "fair_value": 21.111456, "relative_strength": -2.507366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.011658, "energy": 85.016584, "activity_lines": [ 27.006836, 27.728487, 30.532947, 32.477916 ] }, { "date": "2023-12-01", "close": 26.705669, "volume": 4552962, "typical_volume": 10550760.45, "trend": 34.110962, "fair_value": 21.147759, "relative_strength": -1.800252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.996306, "energy": 82.643703, "activity_lines": [ 26.892076, 27.358785, 29.891255, 31.970474 ] }, { "date": "2023-12-08", "close": 25.678528, "volume": 4919000, "typical_volume": 10028289.85, "trend": 33.533134, "fair_value": 21.172822, "relative_strength": -4.184832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.108117, "energy": 86.431644, "activity_lines": [ 26.458394, 26.895188, 29.205362, 31.426446 ] }, { "date": "2023-12-15", "close": 25.821186, "volume": 4476949, "typical_volume": 9618956.4, "trend": 33.247069, "fair_value": 21.194086, "relative_strength": -3.376148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.636452, "energy": 81.019347, "activity_lines": [ 26.164201, 26.5701, 28.606514, 30.928901 ] }, { "date": "2023-12-22", "close": 25.098381, "volume": 3244913, "typical_volume": 9186932.8, "trend": 32.933456, "fair_value": 21.215195, "relative_strength": -5.777867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.714098, "energy": 84.719744, "activity_lines": [ 25.709595, 26.229794, 28.005899, 30.403179 ] }, { "date": "2023-12-29", "close": 26.258673, "volume": 6051519, "typical_volume": 8514225.45, "trend": 32.62806, "fair_value": 21.244689, "relative_strength": -4.11045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.308518, "energy": 69.741546, "activity_lines": [ 25.814211, 26.184144, 27.608991, 29.972548 ] }, { "date": "2024-01-05", "close": 25.602444, "volume": 4832310, "typical_volume": 7601550.65, "trend": 32.339728, "fair_value": 21.276781, "relative_strength": -5.711728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.055389, "energy": 62.759998, "activity_lines": [ 25.710864, 26.024366, 27.256195, 29.519283 ] }, { "date": "2024-01-12", "close": 25.231531, "volume": 6797051, "typical_volume": 7208130.75, "trend": 32.042047, "fair_value": 21.306378, "relative_strength": -6.215539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.67402, "energy": 61.990326, "activity_lines": [ 25.557427, 25.823607, 26.908832, 29.060689 ] }, { "date": "2024-01-19", "close": 23.243822, "volume": 5903803, "typical_volume": 7004145.85, "trend": 31.621046, "fair_value": 21.327434, "relative_strength": -12.587838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.001518, "energy": 69.935345, "activity_lines": [ 24.77122, 25.294646, 26.419265, 28.493062 ] }, { "date": "2024-01-26", "close": 26.05895, "volume": 15324368, "typical_volume": 7097532.05, "trend": 31.285957, "fair_value": 21.372927, "relative_strength": -5.344411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.620971, "energy": 52.73744, "activity_lines": [ 25.095213, 25.346349, 26.240058, 28.134217 ] }, { "date": "2024-02-02", "close": 22.815847, "volume": 27049623, "typical_volume": 7925824.45, "trend": 30.712787, "fair_value": 21.396034, "relative_strength": -12.200313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.503961, "energy": 54.673378, "activity_lines": [ 24.274134, 24.837966, 25.79193, 27.587758 ] }, { "date": "2024-02-09", "close": 22.178638, "volume": 15784073, "typical_volume": 8379910.35, "trend": 30.186536, "fair_value": 21.416535, "relative_strength": -19.066552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.356554, "energy": 54.470014, "activity_lines": [ 23.470174, 24.279264, 25.333203, 27.037168 ] }, { "date": "2024-02-23", "close": 23.567183, "volume": 12014164, "typical_volume": 8710744.95, "trend": 29.601953, "fair_value": 21.446529, "relative_strength": -18.353169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.017129, "energy": 45.697371, "activity_lines": [ 23.357315, 24.055333, 25.052596, 26.610113 ] }, { "date": "2024-03-01", "close": 23.957117, "volume": 15250759, "typical_volume": 9151213.65, "trend": 29.070312, "fair_value": 21.485295, "relative_strength": -18.000524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.705643, "energy": 43.252099, "activity_lines": [ 23.485392, 23.940688, 24.848663, 26.24593 ] }, { "date": "2024-03-08", "close": 27.276304, "volume": 27631077, "typical_volume": 10051192.2, "trend": 28.490485, "fair_value": 21.551847, "relative_strength": -7.826086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.707789, "energy": 19.789732, "activity_lines": [ 24.672311, 24.463424, 25.000153, 26.130188 ] }, { "date": "2024-03-15", "close": 26.410843, "volume": 22590731, "typical_volume": 10377457.65, "trend": 27.749295, "fair_value": 21.61226, "relative_strength": -11.529288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.696881, "energy": 14.912271, "activity_lines": [ 25.489586, 24.789204, 25.080766, 25.996017 ] }, { "date": "2024-03-22", "close": 25.279083, "volume": 11576726, "typical_volume": 10625941.25, "trend": 27.453199, "fair_value": 21.660389, "relative_strength": -15.451796, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.829773, "energy": 16.401831, "activity_lines": [ 25.689941, 24.906443, 25.054227, 25.836649 ] }, { "date": "2024-03-29", "close": 22.815847, "volume": 12251466, "typical_volume": 10888937.3, "trend": 27.042977, "fair_value": 21.692786, "relative_strength": -23.455698, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.498826, "energy": 18.716728, "activity_lines": [ 24.862521, 24.5817, 24.801563, 25.537465 ] }, { "date": "2024-04-05", "close": 22.416405, "volume": 6383868, "typical_volume": 10886163.0, "trend": 26.719618, "fair_value": 21.723333, "relative_strength": -25.549802, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.129338, "energy": 27.06795, "activity_lines": [ 23.952043, 24.228253, 24.531056, 25.238976 ] }, { "date": "2024-04-12", "close": 22.559061, "volume": 7996494, "typical_volume": 10990594.95, "trend": 26.323344, "fair_value": 21.7587, "relative_strength": -23.905731, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.347351, "energy": 39.595804, "activity_lines": [ 23.191832, 23.915788, 24.296099, 24.970553 ] }, { "date": "2024-04-19", "close": 24.898661, "volume": 16270956, "typical_volume": 11545140.6, "trend": 26.042148, "fair_value": 21.806875, "relative_strength": -17.448102, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.775504, "energy": 33.354892, "activity_lines": [ 23.525969, 24.092338, 24.308372, 24.878638 ] }, { "date": "2024-04-26", "close": 23.510117, "volume": 9277677, "typical_volume": 11781376.35, "trend": 25.765391, "fair_value": 21.844847, "relative_strength": -22.753928, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.809791, "energy": 29.507071, "activity_lines": [ 23.498071, 23.978557, 24.195649, 24.715281 ] }, { "date": "2024-05-03", "close": 22.169128, "volume": 5228374, "typical_volume": 11796845.05, "trend": 25.442031, "fair_value": 21.878839, "relative_strength": -26.878527, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.29192, "energy": 31.766088, "activity_lines": [ 23.141108, 23.596751, 23.97043, 24.483264 ] }, { "date": "2024-05-10", "close": 23.462564, "volume": 11157052, "typical_volume": 12130850.2, "trend": 25.150374, "fair_value": 21.919701, "relative_strength": -23.112662, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.393557, "energy": 23.382678, "activity_lines": [ 23.258404, 23.475534, 23.885106, 24.355557 ] }, { "date": "2024-05-17", "close": 22.977528, "volume": 7980934, "typical_volume": 12367651.25, "trend": 24.926242, "fair_value": 21.957514, "relative_strength": -23.839648, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.231689, "energy": 30.408492, "activity_lines": [ 23.144278, 23.275121, 23.764821, 24.215373 ] }, { "date": "2024-05-24", "close": 22.321299, "volume": 3488037, "typical_volume": 12239477.15, "trend": 24.785486, "fair_value": 21.991771, "relative_strength": -23.951626, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.140878, "energy": 40.142084, "activity_lines": [ 22.783511, 23.033553, 23.592136, 24.047312 ] }, { "date": "2024-05-31", "close": 22.530529, "volume": 2603928, "typical_volume": 12128058.05, "trend": 24.634584, "fair_value": 22.033702, "relative_strength": -22.685328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.203896, "energy": 36.767407, "activity_lines": [ 22.664312, 22.904382, 23.458127, 23.901831 ] }, { "date": "2024-06-07", "close": 21.891247, "volume": 3040186, "typical_volume": 11940214.8, "trend": 24.462374, "fair_value": 22.071653, "relative_strength": -23.403296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.876801, "energy": 49.11888, "activity_lines": [ 22.397325, 22.708951, 23.277863, 23.724842 ] }, { "date": "2024-06-14", "close": 21.687563, "volume": 2205947, "typical_volume": 11755322.0, "trend": 24.284325, "fair_value": 22.107055, "relative_strength": -23.104284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.356636, "energy": 54.087099, "activity_lines": [ 22.080968, 22.493298, 23.094106, 23.545822 ] }, { "date": "2024-06-21", "close": 20.281168, "volume": 3297937, "typical_volume": 11154000.45, "trend": 24.037522, "fair_value": 22.134038, "relative_strength": -26.686294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.294378, "energy": 65.906463, "activity_lines": [ 21.414146, 22.035189, 22.783818, 23.287553 ] }, { "date": "2024-06-28", "close": 20.048386, "volume": 4520286, "typical_volume": 10027533.6, "trend": 23.825123, "fair_value": 22.157383, "relative_strength": -26.130009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.473669, "energy": 74.521093, "activity_lines": [ 20.849488, 21.576172, 22.478873, 23.03019 ] }, { "date": "2024-07-05", "close": 19.408236, "volume": 2133876, "typical_volume": 9345023.75, "trend": 23.581876, "fair_value": 22.173884, "relative_strength": -27.345197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.247715, "energy": 79.282899, "activity_lines": [ 20.222973, 21.088951, 22.12614, 22.745229 ] }, { "date": "2024-07-12", "close": 18.758383, "volume": 3718900, "typical_volume": 8930260.55, "trend": 23.351204, "fair_value": 22.188185, "relative_strength": -29.355291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.633607, "energy": 83.314439, "activity_lines": [ 19.587994, 20.558154, 21.724709, 22.434036 ] }, { "date": "2024-07-19", "close": 19.873798, "volume": 3154000, "typical_volume": 8325422.6, "trend": 23.152958, "fair_value": 22.209219, "relative_strength": -24.584994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.41869, "energy": 76.445005, "activity_lines": [ 19.533678, 20.292173, 21.452406, 22.209687 ] }, { "date": "2024-07-26", "close": 19.912596, "volume": 5423721, "typical_volume": 7215054.8, "trend": 22.980098, "fair_value": 22.227523, "relative_strength": -21.050573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.304031, "energy": 66.748109, "activity_lines": [ 19.613212, 20.098498, 21.203243, 22.000632 ] }, { "date": "2024-08-02", "close": 20.232674, "volume": 5167052, "typical_volume": 6343870.85, "trend": 22.779232, "fair_value": 22.248891, "relative_strength": -19.176601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.110679, "energy": 47.134093, "activity_lines": [ 19.82401, 20.018744, 21.019629, 21.823379 ] }, { "date": "2024-08-09", "close": 19.301542, "volume": 2566807, "typical_volume": 5893374.9, "trend": 22.569202, "fair_value": 22.262027, "relative_strength": -20.51113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.127853, "energy": 45.321129, "activity_lines": [ 19.712145, 19.807668, 20.776756, 21.599012 ] }, { "date": "2024-08-16", "close": 18.671089, "volume": 1797030, "typical_volume": 5370653.1, "trend": 22.35052, "fair_value": 22.272074, "relative_strength": -22.100287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.618558, "energy": 50.374983, "activity_lines": [ 19.397242, 19.540673, 20.502303, 21.34752 ] }, { "date": "2024-08-23", "close": 18.079433, "volume": 2936190, "typical_volume": 5198269.2, "trend": 22.178374, "fair_value": 22.281487, "relative_strength": -23.129049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.716451, "energy": 54.491781, "activity_lines": [ 18.890939, 19.224653, 20.19124, 21.071966 ] }, { "date": "2024-08-30", "close": 18.835978, "volume": 2329197, "typical_volume": 4914904.35, "trend": 21.937608, "fair_value": 22.298848, "relative_strength": -18.699484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.197615, "energy": 55.940661, "activity_lines": [ 18.756443, 19.111789, 19.972881, 20.856328 ] }, { "date": "2024-09-06", "close": 17.817554, "volume": 1930187, "typical_volume": 4197865.9, "trend": 21.770998, "fair_value": 22.309502, "relative_strength": -20.210259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.948963, "energy": 66.008291, "activity_lines": [ 18.354247, 18.840033, 19.675258, 20.590518 ] }, { "date": "2024-09-13", "close": 17.390787, "volume": 1475924, "typical_volume": 3807778.25, "trend": 21.611403, "fair_value": 22.314322, "relative_strength": -19.46871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.566573, "energy": 67.50923, "activity_lines": [ 17.970803, 18.531244, 19.37071, 20.307924 ] }, { "date": "2024-09-20", "close": 17.439283, "volume": 1308769, "typical_volume": 3611798.0, "trend": 21.40714, "fair_value": 22.321001, "relative_strength": -19.370327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.389969, "energy": 65.855338, "activity_lines": [ 17.730908, 18.267953, 19.09992, 20.038755 ] }, { "date": "2024-09-27", "close": 19.922297, "volume": 4210319, "typical_volume": 3264461.35, "trend": 21.272646, "fair_value": 22.337699, "relative_strength": -17.600895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.953578, "energy": 42.61808, "activity_lines": [ 18.400804, 18.480103, 19.088131, 19.942958 ] }, { "date": "2024-10-04", "close": 22.570194, "volume": 3743002, "typical_volume": 3052564.75, "trend": 21.115776, "fair_value": 22.369761, "relative_strength": -12.885514, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -3.957974, "energy": 10.370561, "activity_lines": [ 19.830476, 19.172806, 19.345381, 20.026671 ] }, { "date": "2024-10-11", "close": 22.308315, "volume": 17151708, "typical_volume": 3735748.3, "trend": 20.979025, "fair_value": 22.40223, "relative_strength": -9.955053, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 8.023367, "energy": 23.533895, "activity_lines": [ 20.923906, 19.769576, 19.57963, 20.103609 ] }, { "date": "2024-10-18", "close": 22.5217, "volume": 9668917, "typical_volume": 4088997.75, "trend": 20.887112, "fair_value": 22.436306, "relative_strength": -9.703396, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.145999, "energy": 39.89109, "activity_lines": [ 21.789081, 20.367404, 19.834263, 20.203136 ] }, { "date": "2024-10-25", "close": 22.657488, "volume": 8959513, "typical_volume": 4384964.1, "trend": 20.881833, "fair_value": 22.471192, "relative_strength": -9.747774, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.364488, "energy": 46.493081, "activity_lines": [ 22.357458, 20.931372, 20.10187, 20.317354 ] }, { "date": "2024-11-01", "close": 22.502302, "volume": 9653441, "typical_volume": 4757338.8, "trend": 20.884697, "fair_value": 22.509672, "relative_strength": -9.127704, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.529376, "energy": 55.352072, "activity_lines": [ 22.526226, 21.394644, 20.351049, 20.421901 ] }, { "date": "2024-11-08", "close": 23.297642, "volume": 12310241, "typical_volume": 5207954.0, "trend": 20.909316, "fair_value": 22.551462, "relative_strength": -10.33252, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.569255, "energy": 56.181641, "activity_lines": [ 22.788106, 21.922108, 20.672095, 20.577575 ] }, { "date": "2024-11-15", "close": 22.075533, "volume": 11394666, "typical_volume": 5551673.0, "trend": 20.815212, "fair_value": 22.58518, "relative_strength": -11.422035, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.360347, "energy": 32.442813, "activity_lines": [ 22.594121, 22.14625, 20.862386, 20.652814 ] }, { "date": "2024-11-22", "close": 21.183201, "volume": 7023015, "typical_volume": 5796129.95, "trend": 20.737648, "fair_value": 22.615085, "relative_strength": -12.771119, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.990673, "energy": 19.663008, "activity_lines": [ 22.11821, 22.130731, 20.958039, 20.676556 ] }, { "date": "2024-11-29", "close": 21.58087, "volume": 3896846, "typical_volume": 5805027.25, "trend": 20.718039, "fair_value": 22.646406, "relative_strength": -12.217062, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 39.715717, "energy": 23.656215, "activity_lines": [ 21.864089, 22.118563, 21.083113, 20.730957 ] }, { "date": "2024-12-06", "close": 22.327715, "volume": 5802550, "typical_volume": 5937454.75, "trend": 20.680211, "fair_value": 22.683528, "relative_strength": -10.727441, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.630996, "energy": 20.348144, "activity_lines": [ 21.930691, 22.166883, 21.265875, 20.834807 ] }, { "date": "2024-12-13", "close": 21.648764, "volume": 5405385, "typical_volume": 5936537.95, "trend": 20.635919, "fair_value": 22.712544, "relative_strength": -12.612794, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.601662, "energy": 17.799234, "activity_lines": [ 21.782615, 22.048022, 21.37229, 20.897294 ] }, { "date": "2024-12-20", "close": 21.396584, "volume": 3147801, "typical_volume": 5835575.4, "trend": 20.605095, "fair_value": 22.738871, "relative_strength": -12.461885, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.222351, "energy": 15.828657, "activity_lines": [ 21.660404, 21.900064, 21.44642, 20.94637 ] }, { "date": "2024-12-27", "close": 21.241396, "volume": 3819458, "typical_volume": 5898207.95, "trend": 20.562124, "fair_value": 22.76462, "relative_strength": -13.373985, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.766591, "energy": 14.602904, "activity_lines": [ 21.531727, 21.740467, 21.500228, 20.987421 ] }, { "date": "2025-01-03", "close": 19.388836, "volume": 2779094, "typical_volume": 5947311.15, "trend": 20.47871, "fair_value": 22.77623, "relative_strength": -15.655291, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.555425, "energy": 10.875113, "activity_lines": [ 20.781651, 21.26732, 21.368364, 20.911725 ] }, { "date": "2025-01-10", "close": 18.738985, "volume": 2247335, "typical_volume": 5912868.4, "trend": 20.380424, "fair_value": 22.784448, "relative_strength": -16.746222, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.485343, "energy": 43.115555, "activity_lines": [ 19.961093, 20.735447, 21.171192, 20.799485 ] }, { "date": "2025-01-17", "close": 19.350039, "volume": 2302644, "typical_volume": 5911540.75, "trend": 20.349387, "fair_value": 22.794974, "relative_strength": -15.336608, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.669343, "energy": 52.01865, "activity_lines": [ 19.583468, 20.383099, 21.029074, 20.733008 ] }, { "date": "2025-01-24", "close": 19.641016, "volume": 2255472, "typical_volume": 5927805.0, "trend": 20.335808, "fair_value": 22.805757, "relative_strength": -13.839367, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.448448, "energy": 54.677654, "activity_lines": [ 19.456084, 20.155431, 20.912221, 20.687307 ] }, { "date": "2025-01-31", "close": 19.447031, "volume": 521624, "typical_volume": 5880090.0, "trend": 20.337101, "fair_value": 22.810411, "relative_strength": -13.93541, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.496142, "energy": 54.287228, "activity_lines": [ 19.381076, 19.936756, 20.76821, 20.629967 ] }, { "date": "2025-02-07", "close": 19.8641, "volume": 2020113, "typical_volume": 5915657.2, "trend": 20.373958, "fair_value": 22.821134, "relative_strength": -12.937079, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.795493, "energy": 34.232325, "activity_lines": [ 19.564716, 19.825479, 20.654128, 20.59945 ] }, { "date": "2025-02-14", "close": 19.699211, "volume": 3324765, "typical_volume": 5871379.5, "trend": 20.368139, "fair_value": 22.829072, "relative_strength": -14.328612, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.278519, "energy": 26.677322, "activity_lines": [ 19.661708, 19.715436, 20.512796, 20.555918 ] }, { "date": "2025-02-21", "close": 20.067785, "volume": 4780596, "typical_volume": 5923259.2, "trend": 20.373311, "fair_value": 22.84563, "relative_strength": -13.099051, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.758023, "energy": 18.885261, "activity_lines": [ 19.817543, 19.720198, 20.407628, 20.536541 ] }, { "date": "2025-02-28", "close": 19.767105, "volume": 6964450, "typical_volume": 5413896.3, "trend": 20.357793, "fair_value": 22.863537, "relative_strength": -12.416966, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.409434, "energy": 14.822683, "activity_lines": [ 19.825302, 19.699035, 20.285741, 20.497431 ] }, { "date": "2025-03-07", "close": 20.232674, "volume": 4934176, "typical_volume": 5177159.25, "trend": 20.38883, "fair_value": 22.8799, "relative_strength": -10.98258, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.676963, "energy": 10.992677, "activity_lines": [ 19.979844, 19.792149, 20.220294, 20.489358 ] }, { "date": "2025-03-14", "close": 20.494553, "volume": 4348965, "typical_volume": 4946631.85, "trend": 20.449612, "fair_value": 22.893712, "relative_strength": -10.391835, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.982855, "energy": 9.847942, "activity_lines": [ 20.169304, 19.951217, 20.190688, 20.496179 ] }, { "date": "2025-03-21", "close": 20.640043, "volume": 4059955, "typical_volume": 4666957.55, "trend": 20.534966, "fair_value": 22.913521, "relative_strength": -7.714819, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.368655, "energy": 17.354666, "activity_lines": [ 20.36523, 20.116634, 20.185238, 20.508465 ] }, { "date": "2025-03-28", "close": 20.581844, "volume": 4543985, "typical_volume": 4278644.75, "trend": 20.593162, "fair_value": 22.932122, "relative_strength": -7.238435, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.671902, "energy": 15.683004, "activity_lines": [ 20.479034, 20.236904, 20.183113, 20.51149 ] }, { "date": "2025-04-04", "close": 23.123055, "volume": 11044560, "typical_volume": 4261139.45, "trend": 20.770012, "fair_value": 22.972436, "relative_strength": 4.621525, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.673026, "energy": 55.167651, "activity_lines": [ 21.405637, 20.796817, 20.435941, 20.674708 ] }, { "date": "2025-04-11", "close": 22.841774, "volume": 25196114, "typical_volume": 5169794.4, "trend": 20.951711, "fair_value": 23.016309, "relative_strength": 6.790669, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.074849, "energy": 59.128217, "activity_lines": [ 22.014751, 21.242278, 20.656992, 20.808371 ] }, { "date": "2025-04-18", "close": 21.59057, "volume": 12190341, "typical_volume": 5584469.15, "trend": 21.090087, "fair_value": 23.053711, "relative_strength": 0.202355, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.976127, "energy": 51.241652, "activity_lines": [ 22.032856, 21.398524, 20.750982, 20.849587 ] }, { "date": "2025-04-25", "close": 21.047411, "volume": 6159211, "typical_volume": 5602302.2, "trend": 21.127591, "fair_value": 23.088108, "relative_strength": -2.512818, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.257076, "energy": 44.152659, "activity_lines": [ 21.796841, 21.424624, 20.793197, 20.846834 ] }, { "date": "2025-05-02", "close": 20.087181, "volume": 4291258, "typical_volume": 5546595.85, "trend": 21.044824, "fair_value": 23.115873, "relative_strength": -6.226438, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -9.812317, "energy": 10.224699, "activity_lines": [ 21.213591, 21.251624, 20.750059, 20.779711 ] }, { "date": "2025-05-09", "close": 20.329664, "volume": 5307387, "typical_volume": 5654575.15, "trend": 20.978869, "fair_value": 23.146146, "relative_strength": -6.509796, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.800256, "energy": 12.412602, "activity_lines": [ 20.744146, 21.122359, 20.737449, 20.733571 ] }, { "date": "2025-05-16", "close": 20.339363, "volume": 4570294, "typical_volume": 5692116.95, "trend": 20.906124, "fair_value": 23.179817, "relative_strength": -6.829568, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.757077, "energy": 17.332567, "activity_lines": [ 20.46416, 20.984629, 20.730845, 20.692313 ] }, { "date": "2025-05-23", "close": 20.12598, "volume": 3167857, "typical_volume": 5711555.1, "trend": 20.821741, "fair_value": 23.214624, "relative_strength": -6.945837, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.426436, "energy": 26.989318, "activity_lines": [ 20.279874, 20.806163, 20.708213, 20.641981 ] }, { "date": "2025-05-30", "close": 20.223803, "volume": 2452543, "typical_volume": 5721815.5, "trend": 20.745791, "fair_value": 23.245529, "relative_strength": -6.117349, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.138521, "energy": 27.173937, "activity_lines": [ 20.225836, 20.652184, 20.691388, 20.603404 ] }, { "date": "2025-06-06", "close": 20.855179, "volume": 5389485, "typical_volume": 5876157.55, "trend": 20.664376, "fair_value": 23.277085, "relative_strength": -3.978425, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.368721, "energy": 12.671916, "activity_lines": [ 20.437162, 20.620568, 20.727623, 20.610462 ] }, { "date": "2025-06-13", "close": 20.204071, "volume": 4042806, "typical_volume": 5965524.25, "trend": 20.601993, "fair_value": 23.302918, "relative_strength": -6.418137, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.08882, "energy": 13.769701, "activity_lines": [ 20.380254, 20.4656, 20.69468, 20.580765 ] }, { "date": "2025-06-20", "close": 19.700943, "volume": 2759032, "typical_volume": 6077394.65, "trend": 20.552585, "fair_value": 23.32493, "relative_strength": -8.034839, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.721328, "energy": 17.485961, "activity_lines": [ 20.164008, 20.272226, 20.61114, 20.522632 ] }, { "date": "2025-06-27", "close": 20.204071, "volume": 3531810, "typical_volume": 6152979.5, "trend": 20.506692, "fair_value": 23.332767, "relative_strength": -7.218597, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.16389, "energy": 13.174604, "activity_lines": [ 20.158033, 20.227436, 20.574307, 20.500148 ] }, { "date": "2025-07-04", "close": 20.381647, "volume": 3327091, "typical_volume": 6153095.8, "trend": 20.441823, "fair_value": 23.351039, "relative_strength": -7.50101, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.700409, "energy": 14.840493, "activity_lines": [ 20.206045, 20.240141, 20.552767, 20.49208 ] }, { "date": "2025-07-11", "close": 20.697336, "volume": 5371482, "typical_volume": 6182640.1, "trend": 20.410108, "fair_value": 23.372723, "relative_strength": -6.963853, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.365168, "energy": 9.124709, "activity_lines": [ 20.348763, 20.322349, 20.558043, 20.508565 ] }, { "date": "2025-07-18", "close": 20.884775, "volume": 3986000, "typical_volume": 6033717.6, "trend": 20.393048, "fair_value": 23.393374, "relative_strength": -6.552795, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.242614, "energy": 19.895185, "activity_lines": [ 20.564483, 20.427544, 20.578173, 20.539189 ] }, { "date": "2025-07-25", "close": 21.506287, "volume": 6485027, "typical_volume": 6111260.15, "trend": 20.401878, "fair_value": 23.420969, "relative_strength": -5.095571, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.946519, "energy": 40.605704, "activity_lines": [ 20.941994, 20.635647, 20.652172, 20.61101 ] }, { "date": "2025-08-01", "close": 21.013023, "volume": 3969117, "typical_volume": 6092267.75, "trend": 20.456017, "fair_value": 23.447696, "relative_strength": -6.090435, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.261172, "energy": 47.089714, "activity_lines": [ 21.034727, 20.73285, 20.673129, 20.650439 ] }, { "date": "2025-08-08", "close": 23.627321, "volume": 9925655, "typical_volume": 6385552.75, "trend": 20.618962, "fair_value": 23.49251, "relative_strength": 3.486668, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.502404, "energy": 80.420948, "activity_lines": [ 21.944963, 21.289251, 20.940597, 20.855039 ] }, { "date": "2025-08-15", "close": 22.739447, "volume": 29415808, "typical_volume": 7629143.9, "trend": 20.731942, "fair_value": 23.522755, "relative_strength": -1.96296, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.744679, "energy": 75.188995, "activity_lines": [ 22.342862, 21.622339, 21.109281, 20.991845 ] }, { "date": "2025-08-22", "close": 22.838099, "volume": 9578516, "typical_volume": 7555841.7, "trend": 20.838512, "fair_value": 23.55164, "relative_strength": -4.750985, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.616693, "energy": 75.459959, "activity_lines": [ 22.637505, 21.939104, 21.277087, 21.127726 ] }, { "date": "2025-08-29", "close": 22.157394, "volume": 9368369, "typical_volume": 6764454.45, "trend": 20.928857, "fair_value": 23.577249, "relative_strength": -8.111263, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.223522, "energy": 69.341642, "activity_lines": [ 22.575025, 22.084213, 21.38142, 21.212815 ] }, { "date": "2025-09-05", "close": 22.186991, "volume": 5151108, "typical_volume": 6412492.8, "trend": 21.006287, "fair_value": 23.592419, "relative_strength": -6.71383, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.887297, "energy": 43.679134, "activity_lines": [ 22.479003, 22.19004, 21.49183, 21.293985 ] }, { "date": "2025-09-12", "close": 22.167261, "volume": 4452526, "typical_volume": 6327158.55, "trend": 21.088555, "fair_value": 23.613321, "relative_strength": -7.995712, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.572625, "energy": 35.681547, "activity_lines": [ 22.29814, 22.256227, 21.597522, 21.368887 ] }, { "date": "2025-09-19", "close": 21.289251, "volume": 5438921, "typical_volume": 6384541.7, "trend": 21.129271, "fair_value": 23.63421, "relative_strength": -10.24999, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.08106, "energy": 18.149621, "activity_lines": [ 21.921944, 22.13031, 21.614261, 21.381835 ] }, { "date": "2025-09-26", "close": 20.825584, "volume": 5147783, "typical_volume": 6376561.5, "trend": 21.164553, "fair_value": 23.655387, "relative_strength": -12.113009, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.549953, "energy": 15.510131, "activity_lines": [ 21.487872, 21.909328, 21.581117, 21.362242 ] }, { "date": "2025-10-03", "close": 20.914371, "volume": 1634842, "typical_volume": 6229788.9, "trend": 21.187276, "fair_value": 23.678161, "relative_strength": -12.606885, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.081303, "energy": 18.025986, "activity_lines": [ 21.217564, 21.705566, 21.554067, 21.346101 ] }, { "date": "2025-10-10", "close": 21.230061, "volume": 2199694, "typical_volume": 6181380.75, "trend": 21.211793, "fair_value": 23.707849, "relative_strength": -11.200662, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -2.172484, "energy": 15.80413, "activity_lines": [ 21.135354, 21.569963, 21.554345, 21.348862 ] }, { "date": "2025-10-17", "close": 20.81572, "volume": 5893675, "typical_volume": 6353437.35, "trend": 21.217649, "fair_value": 23.738323, "relative_strength": -11.222065, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.682167, "energy": 21.244409, "activity_lines": [ 20.978825, 21.35508, 21.509905, 21.323308 ] }, { "date": "2025-10-24", "close": 21.496424, "volume": 6496583, "typical_volume": 6408792.25, "trend": 21.248135, "fair_value": 23.776905, "relative_strength": -10.483092, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.328188, "energy": 12.955793, "activity_lines": [ 21.139301, 21.315081, 21.527475, 21.341294 ] }, { "date": "2025-10-31", "close": 21.476692, "volume": 5092286, "typical_volume": 6461266.25, "trend": 21.193256, "fair_value": 23.808718, "relative_strength": -10.255817, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.524436, "energy": 7.82246, "activity_lines": [ 21.279387, 21.294095, 21.540112, 21.35604 ] }, { "date": "2025-11-07", "close": 22.1278, "volume": 6001206, "typical_volume": 6623374.95, "trend": 21.169457, "fair_value": 23.840719, "relative_strength": -8.170203, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.707614, "energy": 18.350616, "activity_lines": [ 21.593103, 21.416245, 21.608699, 21.416333 ] }, { "date": "2025-11-14", "close": 22.325104, "volume": 6703602, "typical_volume": 6781964.55, "trend": 21.193942, "fair_value": 23.873744, "relative_strength": -6.880423, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 49.019659, "energy": 34.749783, "activity_lines": [ 21.891691, 21.574807, 21.68452, 21.490891 ] }, { "date": "2025-11-21", "close": 20.756529, "volume": 4710309, "typical_volume": 6851125.45, "trend": 21.184246, "fair_value": 23.888621, "relative_strength": -9.600275, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.529245, "energy": 12.536435, "activity_lines": [ 21.594418, 21.445662, 21.600854, 21.46267 ] }, { "date": "2025-11-28", "close": 20.963697, "volume": 3159885, "typical_volume": 6740545.6, "trend": 21.213463, "fair_value": 23.906457, "relative_strength": -9.640713, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.615738, "energy": 6.022224, "activity_lines": [ 21.370147, 21.379833, 21.535132, 21.448441 ] }, { "date": "2025-12-05", "close": 20.973564, "volume": 2737422, "typical_volume": 6678116.7, "trend": 21.234926, "fair_value": 23.926832, "relative_strength": -9.581985, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.481715, "energy": 20.447028, "activity_lines": [ 21.18468, 21.321718, 21.469082, 21.432964 ] }, { "date": "2025-12-12", "close": 20.746662, "volume": 2848191, "typical_volume": 6496274.9, "trend": 21.248503, "fair_value": 23.944183, "relative_strength": -9.945136, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.162074, "energy": 30.860447, "activity_lines": [ 20.957121, 21.219657, 21.380999, 21.401463 ] }, { "date": "2025-12-19", "close": 21.131407, "volume": 3705840, "typical_volume": 6483111.05, "trend": 21.282017, "fair_value": 23.961826, "relative_strength": -8.025996, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.103229, "energy": 36.990107, "activity_lines": [ 20.949887, 21.190599, 21.333176, 21.393909 ] }, { "date": "2025-12-26", "close": 21.190599, "volume": 3235343, "typical_volume": 6148595.45, "trend": 21.314244, "fair_value": 23.981659, "relative_strength": -9.205998, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.923159, "energy": 28.661386, "activity_lines": [ 21.041962, 21.174097, 21.290426, 21.388011 ] }, { "date": "2026-01-02", "close": 21.673996, "volume": 3371683, "typical_volume": 4846389.2, "trend": 21.341538, "fair_value": 24.011295, "relative_strength": -7.080659, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.784231, "energy": 4.199057, "activity_lines": [ 21.266232, 21.23867, 21.305318, 21.41122 ] }, { "date": "2026-01-09", "close": 21.752918, "volume": 5520401, "typical_volume": 4643483.45, "trend": 21.393166, "fair_value": 24.046026, "relative_strength": -9.986177, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.897007, "energy": 10.882287, "activity_lines": [ 21.469456, 21.314363, 21.3328, 21.437761 ] }, { "date": "2026-01-16", "close": 21.683863, "volume": 6747784, "typical_volume": 4512454.2, "trend": 21.459263, "fair_value": 24.078804, "relative_strength": -9.664781, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.146215, "energy": 15.047801, "activity_lines": [ 21.597705, 21.372478, 21.358872, 21.456516 ] }, { "date": "2026-01-23", "close": 22.256048, "volume": 6469127, "typical_volume": 4578355.15, "trend": 21.527662, "fair_value": 24.111567, "relative_strength": -7.849681, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.985932, "energy": 33.254211, "activity_lines": [ 21.854202, 21.542699, 21.441694, 21.507921 ] }, { "date": "2026-01-30", "close": 20.993294, "volume": 7550689, "typical_volume": 4733263.3, "trend": 21.548051, "fair_value": 24.138651, "relative_strength": -12.43847, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.687142, "energy": 11.119277, "activity_lines": [ 21.614806, 21.484584, 21.403924, 21.473446 ] }, { "date": "2026-02-06", "close": 20.66774, "volume": 6605847, "typical_volume": 4791609.6, "trend": 21.547064, "fair_value": 24.159783, "relative_strength": -12.417225, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.489249, "energy": 17.766857, "activity_lines": [ 21.280044, 21.362972, 21.340739, 21.416652 ] }, { "date": "2026-02-13", "close": 20.638144, "volume": 6486417, "typical_volume": 4858541.3, "trend": 21.538843, "fair_value": 24.177706, "relative_strength": -12.655653, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.937334, "energy": 37.505377, "activity_lines": [ 21.002501, 21.24136, 21.277695, 21.358012 ] }, { "date": "2026-02-27", "close": 21.683863, "volume": 8167046, "typical_volume": 5185151.5, "trend": 21.544762, "fair_value": 24.200642, "relative_strength": -9.792624, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.194045, "energy": 22.430058, "activity_lines": [ 21.14785, 21.315978, 21.315136, 21.367368 ] }, { "date": "2026-03-06", "close": 21.427364, "volume": 8627048, "typical_volume": 5506519.2, "trend": 21.558574, "fair_value": 24.223684, "relative_strength": -9.796152, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.923465, "energy": 18.927596, "activity_lines": [ 21.207699, 21.326919, 21.324485, 21.359794 ] }, { "date": "2026-03-13", "close": 21.269522, "volume": 6484209, "typical_volume": 5536045.9, "trend": 21.47998, "fair_value": 24.241367, "relative_strength": -9.588917, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.298252, "energy": 16.321561, "activity_lines": [ 21.270179, 21.303781, 21.317861, 21.341145 ] }, { "date": "2026-03-20", "close": 20.322456, "volume": 4756850, "typical_volume": 5449059.25, "trend": 21.399414, "fair_value": 24.251348, "relative_strength": -10.335953, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.666182, "energy": 26.525519, "activity_lines": [ 20.998555, 21.107013, 21.218879, 21.266466 ] }, { "date": "2026-03-27", "close": 19.888384, "volume": 5737104, "typical_volume": 5481300.15, "trend": 21.30109, "fair_value": 24.246289, "relative_strength": -10.96506, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.662207, "energy": 52.052767, "activity_lines": [ 20.60526, 20.855898, 21.084148, 21.16898 ] }, { "date": "2026-04-03", "close": 19.533234, "volume": 19512944, "typical_volume": 6156887.05, "trend": 21.213618, "fair_value": 24.206525, "relative_strength": -11.466836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.942757, "energy": 64.485361, "activity_lines": [ 20.143565, 20.57411, 20.923156, 21.054925 ] }, { "date": "2026-04-10", "close": 20.115284, "volume": 6077651, "typical_volume": 6125589.5, "trend": 21.144561, "fair_value": 24.191869, "relative_strength": -10.690409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.368752, "energy": 63.398397, "activity_lines": [ 20.019263, 20.437251, 20.829953, 20.984065 ] }, { "date": "2026-04-17", "close": 20.282993, "volume": 4935142, "typical_volume": 6136831.15, "trend": 21.081752, "fair_value": 24.174423, "relative_strength": -10.773282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.41482, "energy": 57.931449, "activity_lines": [ 20.038335, 20.369808, 20.763245, 20.92848 ] }, { "date": "2026-04-24", "close": 19.592426, "volume": 14203393, "typical_volume": 6689006.55, "trend": 21.025191, "fair_value": 24.150437, "relative_strength": -13.885287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.086925, "energy": 48.016484, "activity_lines": [ 19.892987, 20.189723, 20.633023, 20.832394 ] }, { "date": "2026-05-01", "close": 19.967306, "volume": 3960134, "typical_volume": 6750142.15, "trend": 20.996582, "fair_value": 24.131451, "relative_strength": -12.463622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.453832, "energy": 32.924995, "activity_lines": [ 19.921268, 20.097348, 20.545035, 20.764144 ] }, { "date": "2026-05-08", "close": 20.430973, "volume": 3202863, "typical_volume": 6767875.75, "trend": 20.980469, "fair_value": 24.013262, "relative_strength": -11.503764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.859986, "energy": 27.661968, "activity_lines": [ 20.098842, 20.101473, 20.505996, 20.727653 ] }, { "date": "2026-05-15", "close": 20.075825, "volume": 5372248, "typical_volume": 6851196.15, "trend": 20.941994, "fair_value": 23.88229, "relative_strength": -11.727439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.86624, "energy": 23.480207, "activity_lines": [ 20.098185, 20.063806, 20.434638, 20.669289 ] }, { "date": "2026-05-22", "close": 19.819326, "volume": 4529811, "typical_volume": 6915919.55, "trend": 20.908781, "fair_value": 23.73361, "relative_strength": -12.002976, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.869301, "energy": 22.907809, "activity_lines": [ 20.014659, 20.004076, 20.343877, 20.596858 ] }, { "date": "2026-05-29", "close": 19.190001, "volume": 4194404, "typical_volume": 6957055.6, "trend": 20.8319, "fair_value": 23.63609, "relative_strength": -13.475617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.056795, "energy": 34.002686, "activity_lines": [ 19.752269, 19.856291, 20.199711, 20.485969 ] }, { "date": "2026-06-05", "close": 18.26, "volume": 696811, "typical_volume": 6715876.1, "trend": 20.724677, "fair_value": 23.531944, "relative_strength": -16.389383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.923375, "energy": 62.397044, "activity_lines": [ 19.206707, 19.560004, 19.978801, 20.32004 ] }, { "date": "2026-06-12", "close": 17.959999, "volume": 568435, "typical_volume": 6406908.65, "trend": 20.585751, "fair_value": 23.420017, "relative_strength": -17.340104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.411743, "energy": 74.427759, "activity_lines": [ 18.674965, 19.238779, 19.745953, 20.141674 ] }, { "date": "2026-06-19", "close": 17.709999, "volume": 2725047, "typical_volume": 6219704.65, "trend": 20.431914, "fair_value": 23.313976, "relative_strength": -19.189015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.632975, "energy": 80.549669, "activity_lines": [ 18.224621, 18.900704, 19.507029, 19.956142 ] }, { "date": "2026-06-26", "close": 16.139999, "volume": 1103528, "typical_volume": 5897346.6, "trend": 20.27803, "fair_value": 23.198451, "relative_strength": -24.695267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.063901, "energy": 92.354811, "activity_lines": [ 17.408666, 18.320907, 19.140228, 19.679244 ] }, { "date": "2026-07-03", "close": 17.6, "volume": 1119995, "typical_volume": 5623054.0, "trend": 20.165906, "fair_value": 23.081311, "relative_strength": -17.755918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.005091, "energy": 84.675024, "activity_lines": [ 17.324666, 18.081891, 18.935586, 19.506468 ] }, { "date": "2026-07-10", "close": 16.879999, "volume": 3132591, "typical_volume": 5455362.7, "trend": 20.029454, "fair_value": 22.958031, "relative_strength": -19.703048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.848585, "energy": 84.157417, "activity_lines": [ 17.106666, 17.748192, 18.676981, 19.294474 ] }, { "date": "2026-07-17", "close": 16.559999, "volume": 4572062, "typical_volume": 5275613.5, "trend": 19.889899, "fair_value": 22.807705, "relative_strength": -15.909731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.056205, "energy": 78.657505, "activity_lines": [ 16.873999, 17.412444, 18.405795, 19.070638 ] }, { "date": "2026-07-24", "close": 15.77, "volume": 5457898, "typical_volume": 5117156.0, "trend": 19.711185, "fair_value": 22.665421, "relative_strength": -20.453123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.76782, "energy": 74.247513, "activity_lines": [ 16.471333, 17.003442, 18.083771, 18.804838 ] }, { "date": "2026-07-31", "close": 16.540001, "volume": 4823465, "typical_volume": 5034118.8, "trend": 19.556165, "fair_value": 22.507956, "relative_strength": -16.446548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.560499, "energy": 60.558681, "activity_lines": [ 16.454667, 16.812727, 17.86202, 18.600245 ] }, { "date": "2026-08-07", "close": 17.219999, "volume": 5504767, "typical_volume": 5071514.65, "trend": 19.407699, "fair_value": 22.36253, "relative_strength": -14.905576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.452268, "energy": 53.841484, "activity_lines": [ 16.638, 16.805272, 17.727552, 18.449525 ] } ], "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." } } }