{ "ticker": { "uuid": "d37e7625-5d50-4ec8-804b-d61390441de8", "symbol": "600820", "name": "Shanghai Tunnel Engineering 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": -41.225, "architecture_energy": 27.773, "architecture_maturity": 98.468, "architecture_confidence": 77.205, "architecture_tenure": "Established", "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": 29.11, "rotation_up": 27.56, "upward_expansion": 21.27, "deceleration": 47.0, "rotation_down": 29.98, "downward_expansion": 59.93 }, "activity_lines": [ 5.455772, 5.400538, 5.516349, 5.700746 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 5.41, "trend_reference": 5.967012, "distance_from_trend": -0.093349, "trend_direction": "Weakening", "fair_value": 5.937158, "distance_from_fair_value": -0.08879, "fair_value_direction": "Weakening", "relative_strength": -11.951662, "relative_strength_direction": "Improving", "price_momentum": -0.20324, "excess_performance": -0.160036, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.093349, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.057344, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.08879, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.090368, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.119517, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.020307, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.20324, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.820513, "read": "Supply-led" } ], "volume": { "latest": 110330919, "relative_activity": 1.356054, "balance": 0.820513, "dry_up": 1.35404, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.04829, "annualized_volatility": 0.207884, "from_high_reference": -0.254591, "from_low_reference": 0.060759 }, "levels": { "trend_reference": 5.967012, "fair_value_reference": 5.937158, "structural_low": 5.100123, "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": 0.024828, "positive_rate": 0.571429, "directional_follow_through": 0.357143, "median_excess_return": 0.003481, "regime_survival": 0.642857, "best_return": 0.2, "worst_return": -0.070826, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.049491, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": 0.002157, "regime_survival": 0.166667, "best_return": 0.176986, "worst_return": -0.133608, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.189899, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.177466, "regime_survival": 0.0, "best_return": 0.321012, "worst_return": 0.03948, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.138585, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.148449, "regime_survival": 0.5, "best_return": 0.315504, "worst_return": 0.047469, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": -0.017167, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-31", "tenure": "Developing", "return": -0.030724, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-03-28", "tenure": "Developing", "return": -0.00314, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.053628, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-20", "tenure": "Developing", "return": 0.018395, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": 0.039152, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": -0.023564, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-10-10", "tenure": "Developing", "return": 0.009347, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.062834, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-11-28", "tenure": "Developing", "return": -0.042424, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2026-01-23", "tenure": "Developing", "return": 0.041991, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.014728, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": -0.031949, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-08-07", "tenure": "Established", "return": -0.111658, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 5.502088, "volume": 99987960, "typical_volume": 136242198.65, "trend": 5.029563, "fair_value": 4.573196, "relative_strength": 11.091103, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 56.136456, "energy": 43.227239, "activity_lines": [ 5.30061, 5.230049, 5.237356, 5.166302 ] }, { "date": "2023-08-04", "close": 5.600498, "volume": 141678245, "typical_volume": 135477875.2, "trend": 5.066043, "fair_value": 4.578674, "relative_strength": 12.285043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.481003, "energy": 67.552489, "activity_lines": [ 5.417684, 5.305346, 5.27454, 5.203136 ] }, { "date": "2023-08-11", "close": 5.439462, "volume": 76792823, "typical_volume": 133393076.35, "trend": 5.096014, "fair_value": 4.583171, "relative_strength": 12.051772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.774172, "energy": 67.5947, "activity_lines": [ 5.450303, 5.340172, 5.293945, 5.227228 ] }, { "date": "2023-08-18", "close": 5.430516, "volume": 61752979, "typical_volume": 131645127.15, "trend": 5.127398, "fair_value": 4.58761, "relative_strength": 13.521221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.945204, "energy": 70.1143, "activity_lines": [ 5.463319, 5.368838, 5.310171, 5.248809 ] }, { "date": "2023-08-25", "close": 5.260532, "volume": 96445535, "typical_volume": 131629622.95, "trend": 5.14884, "fair_value": 4.590758, "relative_strength": 12.032387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.872655, "energy": 47.077991, "activity_lines": [ 5.40308, 5.36316, 5.307557, 5.257398 ] }, { "date": "2023-09-01", "close": 5.305264, "volume": 122504751, "typical_volume": 130037614.1, "trend": 5.171204, "fair_value": 4.593486, "relative_strength": 10.145133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.545946, "energy": 21.017967, "activity_lines": [ 5.355961, 5.364181, 5.307646, 5.26749 ] }, { "date": "2023-09-08", "close": 5.126335, "volume": 95555703, "typical_volume": 128060657.65, "trend": 5.185607, "fair_value": 4.595118, "relative_strength": 6.73539, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.8661, "energy": 12.693863, "activity_lines": [ 5.262321, 5.327466, 5.290309, 5.264595 ] }, { "date": "2023-09-15", "close": 5.224746, "volume": 70817898, "typical_volume": 115618882.8, "trend": 5.204717, "fair_value": 4.597986, "relative_strength": 8.539754, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.003838, "energy": 19.980957, "activity_lines": [ 5.233096, 5.308872, 5.282567, 5.26712 ] }, { "date": "2023-09-22", "close": 5.242639, "volume": 72017202, "typical_volume": 110306705.95, "trend": 5.220432, "fair_value": 4.601927, "relative_strength": 8.179864, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.363627, "energy": 19.000622, "activity_lines": [ 5.22415, 5.292902, 5.278278, 5.269567 ] }, { "date": "2023-09-29", "close": 5.242639, "volume": 52782481, "typical_volume": 95926001.7, "trend": 5.230732, "fair_value": 4.606322, "relative_strength": 8.65068, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.180738, "energy": 14.715999, "activity_lines": [ 5.227728, 5.275822, 5.276671, 5.271 ] }, { "date": "2023-10-13", "close": 5.010031, "volume": 118132243, "typical_volume": 93164079.25, "trend": 5.236129, "fair_value": 4.608773, "relative_strength": 4.363871, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.43835, "energy": 33.951274, "activity_lines": [ 5.154964, 5.216288, 5.254167, 5.256761 ] }, { "date": "2023-10-20", "close": 4.956352, "volume": 67915269, "typical_volume": 89669038.2, "trend": 5.231756, "fair_value": 4.612039, "relative_strength": 6.528403, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.90467, "energy": 46.075159, "activity_lines": [ 5.083988, 5.15594, 5.227409, 5.238711 ] }, { "date": "2023-10-27", "close": 5.054763, "volume": 89637100, "typical_volume": 87496456.85, "trend": 5.235224, "fair_value": 4.616088, "relative_strength": 7.045274, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.71541, "energy": 53.985607, "activity_lines": [ 5.057149, 5.125196, 5.210159, 5.227292 ] }, { "date": "2023-11-03", "close": 4.956352, "volume": 83709789, "typical_volume": 85802475.5, "trend": 5.237976, "fair_value": 4.619102, "relative_strength": 4.246596, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.090236, "energy": 65.340526, "activity_lines": [ 5.008838, 5.083555, 5.184181, 5.2093 ] }, { "date": "2023-11-10", "close": 4.920566, "volume": 64065706, "typical_volume": 84102173.75, "trend": 5.23754, "fair_value": 4.62229, "relative_strength": 3.074176, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.575433, "energy": 65.41187, "activity_lines": [ 4.967684, 5.044027, 5.156153, 5.188822 ] }, { "date": "2023-11-17", "close": 4.920566, "volume": 53105314, "typical_volume": 84090145.45, "trend": 5.227414, "fair_value": 4.625479, "relative_strength": 2.384972, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.220241, "energy": 59.634291, "activity_lines": [ 4.948002, 5.010681, 5.129368, 5.168372 ] }, { "date": "2023-11-24", "close": 4.929513, "volume": 65693516, "typical_volume": 83184871.1, "trend": 5.219296, "fair_value": 4.628926, "relative_strength": 2.861849, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.798218, "energy": 56.679454, "activity_lines": [ 4.937266, 4.985957, 5.103904, 5.149152 ] }, { "date": "2023-12-01", "close": 4.912627, "volume": 69188964, "typical_volume": 82247079.5, "trend": 5.19665, "fair_value": 4.631458, "relative_strength": 2.641994, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.444523, "energy": 53.812283, "activity_lines": [ 4.922691, 4.96174, 5.077829, 5.129367 ] }, { "date": "2023-12-08", "close": 4.921741, "volume": 70710368, "typical_volume": 82487394.0, "trend": 5.167182, "fair_value": 4.6342, "relative_strength": 4.819381, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.317758, "energy": 46.801181, "activity_lines": [ 4.92063, 4.944856, 5.053944, 5.111631 ] }, { "date": "2023-12-15", "close": 4.967312, "volume": 81661281, "typical_volume": 82707756.35, "trend": 5.149208, "fair_value": 4.636932, "relative_strength": 6.483145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.199243, "energy": 39.458346, "activity_lines": [ 4.936066, 4.942092, 5.035636, 5.098736 ] }, { "date": "2023-12-22", "close": 5.286314, "volume": 322193591, "typical_volume": 93818037.9, "trend": 5.152414, "fair_value": 4.641153, "relative_strength": 13.90349, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.082517, "energy": 11.430427, "activity_lines": [ 5.054721, 5.002334, 5.048977, 5.107582 ] }, { "date": "2023-12-29", "close": 5.249857, "volume": 143998264, "typical_volume": 93934038.85, "trend": 5.161245, "fair_value": 4.645645, "relative_strength": 10.413634, "stage": 2, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.97696, "energy": 16.98617, "activity_lines": [ 5.136839, 5.050924, 5.059874, 5.113869 ] }, { "date": "2024-01-05", "close": 5.441258, "volume": 126575935, "typical_volume": 96423194.45, "trend": 5.169615, "fair_value": 4.652222, "relative_strength": 15.673005, "stage": 2, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.495108, "energy": 36.710011, "activity_lines": [ 5.261402, 5.128978, 5.09067, 5.131934 ] }, { "date": "2024-01-12", "close": 5.413915, "volume": 153019462, "typical_volume": 100986518.6, "trend": 5.175364, "fair_value": 4.658522, "relative_strength": 16.391523, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.899288, "energy": 48.052811, "activity_lines": [ 5.341608, 5.195034, 5.118853, 5.147695 ] }, { "date": "2024-01-19", "close": 5.204286, "volume": 120728268, "typical_volume": 102200655.25, "trend": 5.17612, "fair_value": 4.664488, "relative_strength": 13.308533, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.095819, "energy": 46.913224, "activity_lines": [ 5.319126, 5.214655, 5.12715, 5.149561 ] }, { "date": "2024-01-26", "close": 5.559744, "volume": 204100941, "typical_volume": 106280464.75, "trend": 5.19414, "fair_value": 4.672833, "relative_strength": 17.103586, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.137791, "energy": 55.797035, "activity_lines": [ 5.399332, 5.293747, 5.169568, 5.174311 ] }, { "date": "2024-02-02", "close": 5.176942, "volume": 223929675, "typical_volume": 112699163.35, "trend": 5.19541, "fair_value": 4.678523, "relative_strength": 15.576021, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.895258, "energy": 23.991075, "activity_lines": [ 5.333709, 5.291617, 5.174317, 5.173202 ] }, { "date": "2024-02-09", "close": 5.505058, "volume": 256205980, "typical_volume": 121968567.45, "trend": 5.205907, "fair_value": 4.685962, "relative_strength": 16.396493, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.581301, "energy": 24.541615, "activity_lines": [ 5.382318, 5.344646, 5.210074, 5.193179 ] }, { "date": "2024-02-23", "close": 5.605317, "volume": 199691159, "typical_volume": 128352265.3, "trend": 5.220031, "fair_value": 4.69465, "relative_strength": 12.476823, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.79279, "energy": 31.090393, "activity_lines": [ 5.460094, 5.405132, 5.254045, 5.218947 ] }, { "date": "2024-03-01", "close": 5.669116, "volume": 186900169, "typical_volume": 135058149.7, "trend": 5.234545, "fair_value": 4.704857, "relative_strength": 12.364665, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.467194, "energy": 40.771873, "activity_lines": [ 5.546377, 5.46479, 5.302365, 5.247921 ] }, { "date": "2024-03-08", "close": 5.678231, "volume": 148564510, "typical_volume": 136579763.05, "trend": 5.240416, "fair_value": 4.715778, "relative_strength": 11.324679, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.667861, "energy": 57.982638, "activity_lines": [ 5.604709, 5.513344, 5.349522, 5.276546 ] }, { "date": "2024-03-15", "close": 5.568859, "volume": 150830116, "typical_volume": 140725505.4, "trend": 5.239362, "fair_value": 4.725745, "relative_strength": 8.447945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.203233, "energy": 52.262054, "activity_lines": [ 5.618684, 5.534887, 5.38308, 5.297735 ] }, { "date": "2024-03-22", "close": 5.459486, "volume": 123682525, "typical_volume": 142427776.65, "trend": 5.240029, "fair_value": 4.734356, "relative_strength": 6.195733, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.164262, "energy": 34.616953, "activity_lines": [ 5.570074, 5.530744, 5.403306, 5.311937 ] }, { "date": "2024-03-29", "close": 5.559744, "volume": 105753621, "typical_volume": 143529968.25, "trend": 5.244337, "fair_value": 4.743155, "relative_strength": 8.066016, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.574204, "energy": 30.849041, "activity_lines": [ 5.557921, 5.544498, 5.431153, 5.332564 ] }, { "date": "2024-04-05", "close": 5.942547, "volume": 145856092, "typical_volume": 147619487.55, "trend": 5.267071, "fair_value": 4.754408, "relative_strength": 13.904085, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.736202, "energy": 40.777788, "activity_lines": [ 5.676408, 5.625202, 5.492584, 5.377609 ] }, { "date": "2024-04-12", "close": 5.933432, "volume": 157174850, "typical_volume": 152822964.35, "trend": 5.28801, "fair_value": 4.765603, "relative_strength": 14.986811, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.768991, "energy": 50.011577, "activity_lines": [ 5.773627, 5.690825, 5.54828, 5.420601 ] }, { "date": "2024-04-19", "close": 6.288891, "volume": 245023570, "typical_volume": 161789467.05, "trend": 5.326761, "fair_value": 4.778975, "relative_strength": 19.291043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.255417, "energy": 74.26681, "activity_lines": [ 5.97232, 5.814283, 5.633006, 5.485174 ] }, { "date": "2024-04-26", "close": 6.261548, "volume": 231618936, "typical_volume": 169910965.65, "trend": 5.361322, "fair_value": 4.791819, "relative_strength": 17.267408, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.977461, "energy": 78.846595, "activity_lines": [ 6.113896, 5.912552, 5.708655, 5.545482 ] }, { "date": "2024-05-03", "close": 6.124833, "volume": 99010179, "typical_volume": 171325956.2, "trend": 5.390728, "fair_value": 4.803585, "relative_strength": 13.596242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.28036, "energy": 77.415759, "activity_lines": [ 6.156429, 5.972209, 5.76486, 5.594741 ] }, { "date": "2024-05-10", "close": 6.334463, "volume": 169155507, "typical_volume": 175700667.5, "trend": 5.427122, "fair_value": 4.817149, "relative_strength": 15.217295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.866681, "energy": 82.588882, "activity_lines": [ 6.231167, 6.060536, 5.835301, 5.655627 ] }, { "date": "2024-05-17", "close": 6.471178, "volume": 158175408, "typical_volume": 167499758.35, "trend": 5.475827, "fair_value": 4.831538, "relative_strength": 17.321372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.061692, "energy": 88.556007, "activity_lines": [ 6.325349, 6.161622, 5.912252, 5.722986 ] }, { "date": "2024-05-24", "close": 6.288891, "volume": 119994423, "typical_volume": 166299566.3, "trend": 5.520245, "fair_value": 4.844457, "relative_strength": 15.971045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.357899, "energy": 75.890275, "activity_lines": [ 6.322918, 6.215148, 5.9662, 5.775441 ] }, { "date": "2024-05-31", "close": 6.152176, "volume": 108812271, "typical_volume": 165411383.1, "trend": 5.556825, "fair_value": 4.857306, "relative_strength": 13.015048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.831221, "energy": 56.107563, "activity_lines": [ 6.274916, 6.230725, 6.00218, 5.816211 ] }, { "date": "2024-06-07", "close": 6.115719, "volume": 111264218, "typical_volume": 163323620.9, "trend": 5.595471, "fair_value": 4.870375, "relative_strength": 13.095505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.536171, "energy": 43.023734, "activity_lines": [ 6.222053, 6.227079, 6.031303, 5.852269 ] }, { "date": "2024-06-14", "close": 6.042804, "volume": 94814334, "typical_volume": 162027924.2, "trend": 5.632879, "fair_value": 4.882675, "relative_strength": 11.965494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.52735, "energy": 29.937673, "activity_lines": [ 6.145492, 6.200068, 6.050139, 5.881129 ] }, { "date": "2024-06-21", "close": 6.024576, "volume": 84667679, "typical_volume": 156056261.1, "trend": 5.669679, "fair_value": 4.895059, "relative_strength": 12.441375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.873768, "energy": 23.038489, "activity_lines": [ 6.0823, 6.167919, 6.063246, 5.9064 ] }, { "date": "2024-06-28", "close": 5.951662, "volume": 99670623, "typical_volume": 149843308.5, "trend": 5.703751, "fair_value": 4.906825, "relative_strength": 11.722847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.456114, "energy": 21.916711, "activity_lines": [ 6.024576, 6.120856, 6.067196, 5.924592 ] }, { "date": "2024-07-05", "close": 5.915204, "volume": 74861755, "typical_volume": 140776097.25, "trend": 5.73717, "fair_value": 4.918205, "relative_strength": 11.177174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.354312, "energy": 20.105984, "activity_lines": [ 5.977182, 6.073296, 6.063984, 5.938234 ] }, { "date": "2024-07-12", "close": 5.896975, "volume": 87673750, "typical_volume": 135175226.8, "trend": 5.769678, "fair_value": 4.929368, "relative_strength": 9.593924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.647718, "energy": 14.936008, "activity_lines": [ 5.939509, 6.028719, 6.057083, 5.948544 ] }, { "date": "2024-07-19", "close": 6.006347, "volume": 82694944, "typical_volume": 129964965.55, "trend": 5.804312, "fair_value": 4.941484, "relative_strength": 10.75521, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.385247, "energy": 14.7339, "activity_lines": [ 5.952876, 6.00817, 6.05921, 5.963813 ] }, { "date": "2024-07-26", "close": 6.261548, "volume": 154206950, "typical_volume": 130247087.55, "trend": 5.83682, "fair_value": 4.95458, "relative_strength": 18.40381, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.26157, "energy": 19.670408, "activity_lines": [ 6.053742, 6.039987, 6.084036, 5.993312 ] }, { "date": "2024-08-02", "close": 6.416492, "volume": 146501720, "typical_volume": 130030667.75, "trend": 5.875708, "fair_value": 4.968922, "relative_strength": 20.028663, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 57.417631, "energy": 44.215388, "activity_lines": [ 6.190456, 6.103788, 6.12084, 6.030711 ] }, { "date": "2024-08-09", "close": 6.425606, "volume": 136841123, "typical_volume": 130688597.65, "trend": 5.90852, "fair_value": 4.983228, "relative_strength": 21.294177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.660638, "energy": 66.539332, "activity_lines": [ 6.299221, 6.166925, 6.154477, 6.066188 ] }, { "date": "2024-08-16", "close": 6.359959, "volume": 103273019, "typical_volume": 130564567.55, "trend": 5.940054, "fair_value": 4.99706, "relative_strength": 18.712859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.213287, "energy": 69.45438, "activity_lines": [ 6.352076, 6.213155, 6.17726, 6.095313 ] }, { "date": "2024-08-23", "close": 6.237471, "volume": 98128563, "typical_volume": 128178191.1, "trend": 5.974494, "fair_value": 5.010528, "relative_strength": 16.869369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.718391, "energy": 63.242779, "activity_lines": [ 6.333236, 6.232674, 6.184568, 6.114501 ] }, { "date": "2024-08-30", "close": 5.436587, "volume": 196678022, "typical_volume": 130153349.7, "trend": 5.970389, "fair_value": 5.019704, "relative_strength": 2.111194, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -9.576872, "energy": 9.10781, "activity_lines": [ 6.032027, 6.103038, 6.114196, 6.079798 ] }, { "date": "2024-09-06", "close": 5.116233, "volume": 211320904, "typical_volume": 128468216.4, "trend": 5.968365, "fair_value": 5.026458, "relative_strength": -1.385717, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -54.924684, "energy": 56.603126, "activity_lines": [ 5.67903, 5.925847, 6.01568, 6.024691 ] }, { "date": "2024-09-13", "close": 5.01259, "volume": 151925948, "typical_volume": 124483567.0, "trend": 5.951949, "fair_value": 5.032548, "relative_strength": -1.340616, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.03556, "energy": 81.280365, "activity_lines": [ 5.37817, 5.745001, 5.912878, 5.963028 ] }, { "date": "2024-09-20", "close": 5.022012, "volume": 79424524, "typical_volume": 123504284.25, "trend": 5.932506, "fair_value": 5.038487, "relative_strength": -2.526802, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.502739, "energy": 91.743329, "activity_lines": [ 5.174651, 5.582279, 5.816921, 5.903032 ] }, { "date": "2024-09-27", "close": 5.84174, "volume": 266183387, "typical_volume": 128355678.25, "trend": 5.93826, "fair_value": 5.048261, "relative_strength": 0.282621, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.850694, "energy": 79.807187, "activity_lines": [ 5.333571, 5.584508, 5.804284, 5.897176 ] }, { "date": "2024-10-04", "close": 6.237471, "volume": 97871009, "typical_volume": 125340458.3, "trend": 5.956901, "fair_value": 5.058414, "relative_strength": -1.111358, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.111195, "energy": 30.539948, "activity_lines": [ 5.650784, 5.66168, 5.831682, 5.91648 ] }, { "date": "2024-10-11", "close": 6.256315, "volume": 454903062, "typical_volume": 142085890.25, "trend": 5.979817, "fair_value": 5.067268, "relative_strength": 2.57807, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.203768, "energy": 16.224029, "activity_lines": [ 5.920886, 5.742716, 5.861988, 5.935797 ] }, { "date": "2024-10-18", "close": 6.444758, "volume": 260114148, "typical_volume": 149650984.1, "trend": 6.012659, "fair_value": 5.077751, "relative_strength": 3.875269, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.094702, "energy": 33.794044, "activity_lines": [ 6.177797, 5.860927, 5.910396, 5.965793 ] }, { "date": "2024-10-25", "close": 6.586091, "volume": 185532701, "typical_volume": 153364408.25, "trend": 6.046871, "fair_value": 5.088876, "relative_strength": 4.572767, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.879626, "energy": 42.487548, "activity_lines": [ 6.386341, 6.004486, 5.970871, 6.002789 ] }, { "date": "2024-11-01", "close": 6.557824, "volume": 198779414, "typical_volume": 158562662.25, "trend": 6.06738, "fair_value": 5.101189, "relative_strength": 4.657833, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.21758, "energy": 55.326471, "activity_lines": [ 6.481191, 6.138795, 6.026414, 6.035753 ] }, { "date": "2024-11-08", "close": 6.680313, "volume": 215841702, "typical_volume": 165121363.4, "trend": 6.092276, "fair_value": 5.114497, "relative_strength": 0.742019, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.735069, "energy": 65.523056, "activity_lines": [ 6.569131, 6.28955, 6.09117, 6.075297 ] }, { "date": "2024-11-15", "close": 6.473025, "volume": 182365937, "typical_volume": 169256129.1, "trend": 6.098414, "fair_value": 5.127686, "relative_strength": 0.851574, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.665234, "energy": 62.203378, "activity_lines": [ 6.558453, 6.380002, 6.133062, 6.099862 ] }, { "date": "2024-11-22", "close": 6.284582, "volume": 273849158, "typical_volume": 179205499.25, "trend": 6.099182, "fair_value": 5.140193, "relative_strength": -0.490725, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.521702, "energy": 39.981444, "activity_lines": [ 6.470513, 6.411524, 6.154525, 6.111873 ] }, { "date": "2024-11-29", "close": 6.435336, "volume": 127152696, "typical_volume": 181179446.55, "trend": 6.109532, "fair_value": 5.154508, "relative_strength": -0.230318, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.032011, "energy": 33.021894, "activity_lines": [ 6.443502, 6.447328, 6.188586, 6.13356 ] }, { "date": "2024-12-06", "close": 6.531386, "volume": 129638664, "typical_volume": 183526632.55, "trend": 6.116096, "fair_value": 5.169861, "relative_strength": -1.341936, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.775455, "energy": 30.050841, "activity_lines": [ 6.458559, 6.474899, 6.22923, 6.160777 ] }, { "date": "2024-12-13", "close": 6.808707, "volume": 202943865, "typical_volume": 185963478.3, "trend": 6.127347, "fair_value": 5.186832, "relative_strength": 2.860972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.209264, "energy": 40.026734, "activity_lines": [ 6.567818, 6.540353, 6.293787, 6.205461 ] }, { "date": "2024-12-20", "close": 6.693954, "volume": 114814433, "typical_volume": 184379113.95, "trend": 6.140849, "fair_value": 5.202858, "relative_strength": 1.542667, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.093141, "energy": 47.417406, "activity_lines": [ 6.630267, 6.574557, 6.344808, 6.242017 ] }, { "date": "2024-12-27", "close": 6.875647, "volume": 106916582, "typical_volume": 182882886.9, "trend": 6.164964, "fair_value": 5.220101, "relative_strength": 3.103737, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.344668, "energy": 68.110933, "activity_lines": [ 6.738552, 6.633839, 6.411813, 6.289423 ] }, { "date": "2025-01-03", "close": 6.464447, "volume": 148144256, "typical_volume": 185126448.75, "trend": 6.176589, "fair_value": 5.234025, "relative_strength": 2.384679, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.320965, "energy": 50.354416, "activity_lines": [ 6.670366, 6.610522, 6.437513, 6.308744 ] }, { "date": "2025-01-10", "close": 6.043684, "volume": 142859646, "typical_volume": 187363002.9, "trend": 6.176618, "fair_value": 5.245514, "relative_strength": -3.030475, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.791641, "energy": 15.143239, "activity_lines": [ 6.459984, 6.512915, 6.422642, 6.30017 ] }, { "date": "2025-01-17", "close": 6.062809, "volume": 118390985, "typical_volume": 183448651.05, "trend": 6.177892, "fair_value": 5.256442, "relative_strength": -4.915257, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.716835, "energy": 15.319933, "activity_lines": [ 6.288491, 6.428134, 6.410516, 6.292827 ] }, { "date": "2025-01-24", "close": 6.024559, "volume": 98581084, "typical_volume": 177811660.05, "trend": 6.180322, "fair_value": 5.266756, "relative_strength": -5.842567, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -23.608037, "energy": 31.903896, "activity_lines": [ 6.153975, 6.347625, 6.391765, 6.282935 ] }, { "date": "2025-01-31", "close": 6.091497, "volume": 21686941, "typical_volume": 171299709.7, "trend": 6.186199, "fair_value": 5.2775, "relative_strength": -4.703127, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -18.842126, "energy": 33.311067, "activity_lines": [ 6.086398, 6.28744, 6.375063, 6.277204 ] }, { "date": "2025-02-07", "close": 6.091497, "volume": 77515612, "typical_volume": 171204264.1, "trend": 6.192683, "fair_value": 5.287191, "relative_strength": -6.185825, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.022978, "energy": 42.471032, "activity_lines": [ 6.071097, 6.230767, 6.353224, 6.271094 ] }, { "date": "2025-02-14", "close": 6.043684, "volume": 140600691, "typical_volume": 164925129.3, "trend": 6.193927, "fair_value": 5.297312, "relative_strength": -8.016146, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.434021, "energy": 43.704578, "activity_lines": [ 6.064722, 6.171651, 6.321739, 6.261482 ] }, { "date": "2025-02-21", "close": 5.871553, "volume": 106483964, "typical_volume": 165355777.05, "trend": 6.180928, "fair_value": 5.305804, "relative_strength": -11.381568, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.983505, "energy": 45.592904, "activity_lines": [ 6.00097, 6.090107, 6.272898, 6.240683 ] }, { "date": "2025-02-28", "close": 5.871553, "volume": 135114752, "typical_volume": 149366361.55, "trend": 6.162763, "fair_value": 5.315295, "relative_strength": -9.73531, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.260487, "energy": 41.256261, "activity_lines": [ 5.949968, 6.025601, 6.2258, 6.220724 ] }, { "date": "2025-03-07", "close": 5.861991, "volume": 107473375, "typical_volume": 141734322.9, "trend": 6.143976, "fair_value": 5.322674, "relative_strength": -11.152511, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.161471, "energy": 48.589435, "activity_lines": [ 5.905979, 5.97431, 6.179623, 6.201319 ] }, { "date": "2025-03-14", "close": 6.062809, "volume": 176526311, "typical_volume": 141284003.4, "trend": 6.134071, "fair_value": 5.33055, "relative_strength": -9.327572, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.49791, "energy": 40.679777, "activity_lines": [ 5.944231, 5.977961, 6.155347, 6.196082 ] }, { "date": "2025-03-21", "close": 6.101061, "volume": 119577588, "typical_volume": 137323912.1, "trend": 6.129524, "fair_value": 5.340829, "relative_strength": -7.291439, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.268213, "energy": 22.146364, "activity_lines": [ 5.997145, 5.99587, 6.137206, 6.193953 ] }, { "date": "2025-03-28", "close": 6.072372, "volume": 81060255, "typical_volume": 130584839.75, "trend": 6.150717, "fair_value": 5.35024, "relative_strength": -7.340239, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.649414, "energy": 13.705038, "activity_lines": [ 6.036671, 6.007519, 6.118508, 6.190265 ] }, { "date": "2025-04-04", "close": 6.062809, "volume": 63040700, "typical_volume": 124618577.9, "trend": 6.182269, "fair_value": 5.360326, "relative_strength": -7.117308, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.949432, "energy": 14.010003, "activity_lines": [ 6.059622, 6.017256, 6.101794, 6.184594 ] }, { "date": "2025-04-11", "close": 5.737674, "volume": 164279660, "typical_volume": 119140103.0, "trend": 6.206439, "fair_value": 5.369695, "relative_strength": -9.108369, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.491117, "energy": 37.81398, "activity_lines": [ 5.961444, 5.967181, 6.056068, 6.15591 ] }, { "date": "2025-04-18", "close": 5.718549, "volume": 69341357, "typical_volume": 116249536.05, "trend": 6.229657, "fair_value": 5.379521, "relative_strength": -10.204311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.816465, "energy": 64.545291, "activity_lines": [ 5.865178, 5.920063, 6.011125, 6.124434 ] }, { "date": "2025-04-25", "close": 5.82374, "volume": 70322672, "typical_volume": 113283736.45, "trend": 6.229057, "fair_value": 5.388864, "relative_strength": -8.82682, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.855991, "energy": 66.69346, "activity_lines": [ 5.826927, 5.898851, 5.979613, 6.098245 ] }, { "date": "2025-05-02", "close": 5.68986, "volume": 134963961, "typical_volume": 109884741.25, "trend": 6.210803, "fair_value": 5.39577, "relative_strength": -10.275971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.345621, "energy": 71.37985, "activity_lines": [ 5.762538, 5.857296, 5.938721, 6.063459 ] }, { "date": "2025-05-09", "close": 5.642047, "volume": 126965542, "typical_volume": 110492296.7, "trend": 6.190327, "fair_value": 5.403107, "relative_strength": -12.427767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.323824, "energy": 72.260549, "activity_lines": [ 5.707711, 5.810352, 5.898603, 6.026765 ] }, { "date": "2025-05-16", "close": 5.718549, "volume": 109284338, "typical_volume": 110610684.5, "trend": 6.16612, "fair_value": 5.412196, "relative_strength": -11.599739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.71651, "energy": 51.697199, "activity_lines": [ 5.706436, 5.781489, 5.870779, 5.996327 ] }, { "date": "2025-05-23", "close": 5.7568, "volume": 115378811, "typical_volume": 108972412.25, "trend": 6.138477, "fair_value": 5.418269, "relative_strength": -10.216423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.515954, "energy": 46.472548, "activity_lines": [ 5.719186, 5.76219, 5.852109, 5.96992 ] }, { "date": "2025-05-30", "close": 5.795051, "volume": 118614724, "typical_volume": 107760166.15, "trend": 6.113052, "fair_value": 5.426112, "relative_strength": -9.35757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.911579, "energy": 38.299045, "activity_lines": [ 5.742137, 5.755409, 5.840452, 5.947763 ] }, { "date": "2025-06-06", "close": 5.833302, "volume": 60457626, "typical_volume": 104863498.2, "trend": 6.084818, "fair_value": 5.432044, "relative_strength": -9.523761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.015819, "energy": 25.548168, "activity_lines": [ 5.779751, 5.761147, 5.833621, 5.929715 ] }, { "date": "2025-06-13", "close": 5.919368, "volume": 84164828, "typical_volume": 104142685.4, "trend": 6.066363, "fair_value": 5.439316, "relative_strength": -7.738166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.118006, "energy": 17.892705, "activity_lines": [ 5.83649, 5.786879, 5.83608, 5.919041 ] }, { "date": "2025-06-20", "close": 5.82374, "volume": 67779319, "typical_volume": 106447304.3, "trend": 6.051001, "fair_value": 5.444766, "relative_strength": -8.510946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.407585, "energy": 17.116476, "activity_lines": [ 5.842865, 5.797833, 5.829933, 5.903387 ] }, { "date": "2025-06-27", "close": 5.861991, "volume": 70885192, "typical_volume": 106115783.3, "trend": 6.03189, "fair_value": 5.450829, "relative_strength": -9.369912, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.074505, "energy": 16.309775, "activity_lines": [ 5.854978, 5.814177, 5.828703, 5.891193 ] }, { "date": "2025-07-04", "close": 5.900242, "volume": 74079434, "typical_volume": 102789720.45, "trend": 6.010852, "fair_value": 5.455506, "relative_strength": -9.760849, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.360171, "energy": 10.718083, "activity_lines": [ 5.872829, 5.834867, 5.83221, 5.8827 ] }, { "date": "2025-07-11", "close": 6.005433, "volume": 108484253, "typical_volume": 102889734.9, "trend": 5.984076, "fair_value": 5.461647, "relative_strength": -8.887883, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.155441, "energy": 11.508583, "activity_lines": [ 5.91873, 5.873292, 5.846417, 5.88235 ] }, { "date": "2025-07-18", "close": 6.091497, "volume": 102862187, "typical_volume": 101277106.65, "trend": 5.963994, "fair_value": 5.468866, "relative_strength": -7.943772, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.878265, "energy": 34.14299, "activity_lines": [ 5.981844, 5.921628, 5.868184, 5.889281 ] }, { "date": "2025-07-25", "close": 6.493135, "volume": 1286505432, "typical_volume": 160228709.5, "trend": 5.951243, "fair_value": 5.478448, "relative_strength": -3.132501, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.461959, "energy": 56.17277, "activity_lines": [ 6.167362, 6.034816, 5.927154, 5.923419 ] }, { "date": "2025-08-01", "close": 6.340131, "volume": 331095442, "typical_volume": 167957166.05, "trend": 5.9471, "fair_value": 5.488208, "relative_strength": -4.096868, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.648106, "energy": 71.818271, "activity_lines": [ 6.257253, 6.106103, 5.968548, 5.948508 ] }, { "date": "2025-08-08", "close": 6.416633, "volume": 227034651, "typical_volume": 173330019.2, "trend": 5.959531, "fair_value": 5.499562, "relative_strength": -4.472261, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.69181, "energy": 75.314939, "activity_lines": [ 6.340768, 6.180693, 6.015906, 5.978801 ] }, { "date": "2025-08-15", "close": 6.387619, "volume": 199809413, "typical_volume": 179267477.1, "trend": 5.970358, "fair_value": 5.51031, "relative_strength": -6.019589, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.481977, "energy": 73.800152, "activity_lines": [ 6.380186, 6.238706, 6.058999, 6.006419 ] }, { "date": "2025-08-22", "close": 6.387619, "volume": 192123638, "typical_volume": 185721624.0, "trend": 5.98246, "fair_value": 5.52133, "relative_strength": -8.695795, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.957887, "energy": 66.239492, "activity_lines": [ 6.394124, 6.28664, 6.10059, 6.033339 ] }, { "date": "2025-08-29", "close": 6.377731, "volume": 184943910, "typical_volume": 186754836.5, "trend": 5.992001, "fair_value": 5.532012, "relative_strength": -9.349735, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.590921, "energy": 52.052668, "activity_lines": [ 6.385026, 6.324263, 6.139693, 6.058841 ] }, { "date": "2025-09-05", "close": 6.367843, "volume": 173305001, "typical_volume": 191953018.7, "trend": 6.001213, "fair_value": 5.542302, "relative_strength": -8.238408, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.317939, "energy": 42.159526, "activity_lines": [ 6.380324, 6.350016, 6.174807, 6.083089 ] }, { "date": "2025-09-12", "close": 6.57549, "volume": 210025368, "typical_volume": 198938153.5, "trend": 6.01894, "fair_value": 5.554306, "relative_strength": -6.515133, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.649858, "energy": 46.949942, "activity_lines": [ 6.442991, 6.404326, 6.226604, 6.120139 ] }, { "date": "2025-09-19", "close": 6.565602, "volume": 269600911, "typical_volume": 205670001.0, "trend": 6.042075, "fair_value": 5.566302, "relative_strength": -5.304999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.224767, "energy": 46.392237, "activity_lines": [ 6.491772, 6.44456, 6.27388, 6.155407 ] }, { "date": "2025-09-26", "close": 6.308516, "volume": 142546754, "typical_volume": 206449061.6, "trend": 6.05664, "fair_value": 5.575664, "relative_strength": -8.968031, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.721982, "energy": 37.448945, "activity_lines": [ 6.442992, 6.427866, 6.292502, 6.172597 ] }, { "date": "2025-10-03", "close": 6.328291, "volume": 50475725, "typical_volume": 203508630.95, "trend": 6.072183, "fair_value": 5.584659, "relative_strength": -9.738695, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.10463, "energy": 29.639912, "activity_lines": [ 6.406077, 6.410823, 6.309833, 6.190123 ] }, { "date": "2025-10-10", "close": 6.476611, "volume": 71395102, "typical_volume": 201309445.5, "trend": 6.085977, "fair_value": 5.596742, "relative_strength": -7.683361, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.973199, "energy": 27.745506, "activity_lines": [ 6.421897, 6.423743, 6.338386, 6.216215 ] }, { "date": "2025-10-17", "close": 6.407395, "volume": 155985935, "typical_volume": 203178006.05, "trend": 6.096188, "fair_value": 5.609039, "relative_strength": -7.002438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.414124, "energy": 20.512215, "activity_lines": [ 6.407395, 6.421598, 6.35692, 6.236952 ] }, { "date": "2025-10-24", "close": 6.81, "volume": 692622288, "typical_volume": 234786239.15, "trend": 6.120776, "fair_value": 5.625671, "relative_strength": -3.644303, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 78.533149, "energy": 57.200249, "activity_lines": [ 6.538301, 6.492821, 6.410881, 6.283004 ] }, { "date": "2025-10-31", "close": 6.6, "volume": 249063332, "typical_volume": 243031164.35, "trend": 6.138682, "fair_value": 5.64019, "relative_strength": -6.383911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.566819, "energy": 60.377121, "activity_lines": [ 6.582913, 6.518183, 6.440191, 6.313922 ] }, { "date": "2025-11-07", "close": 6.67, "volume": 177194613, "typical_volume": 248501929.05, "trend": 6.169759, "fair_value": 5.655102, "relative_strength": -6.133267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.924494, "energy": 65.370258, "activity_lines": [ 6.631427, 6.552411, 6.472926, 6.3482 ] }, { "date": "2025-11-14", "close": 6.63, "volume": 124212368, "typical_volume": 251168287.85, "trend": 6.200141, "fair_value": 5.66943, "relative_strength": -6.245006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.052011, "energy": 64.394485, "activity_lines": [ 6.643826, 6.574051, 6.497823, 6.377893 ] }, { "date": "2025-11-21", "close": 6.26, "volume": 128013247, "typical_volume": 253864978.5, "trend": 6.214683, "fair_value": 5.680508, "relative_strength": -7.593396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.252783, "energy": 19.92414, "activity_lines": [ 6.522667, 6.523653, 6.483824, 6.381755 ] }, { "date": "2025-11-28", "close": 6.32, "volume": 79145533, "typical_volume": 252398042.5, "trend": 6.235688, "fair_value": 5.691478, "relative_strength": -7.685295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.904253, "energy": 13.715674, "activity_lines": [ 6.431333, 6.4899, 6.473826, 6.38855 ] }, { "date": "2025-12-05", "close": 6.43, "volume": 76801362, "typical_volume": 251095001.25, "trend": 6.261953, "fair_value": 5.703427, "relative_strength": -6.142569, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.157998, "energy": 18.408893, "activity_lines": [ 6.409333, 6.480613, 6.472806, 6.401086 ] }, { "date": "2025-12-12", "close": 6.34, "volume": 144367068, "typical_volume": 193988083.05, "trend": 6.282668, "fair_value": 5.713648, "relative_strength": -6.750552, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.26868, "energy": 16.726816, "activity_lines": [ 6.368667, 6.452753, 6.461603, 6.406121 ] }, { "date": "2025-12-19", "close": 6.48, "volume": 130351513, "typical_volume": 183950886.6, "trend": 6.306775, "fair_value": 5.725369, "relative_strength": -4.379849, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.89762, "energy": 12.394724, "activity_lines": [ 6.396667, 6.450134, 6.464463, 6.418852 ] }, { "date": "2025-12-26", "close": 6.63, "volume": 132193031, "typical_volume": 179208805.6, "trend": 6.334606, "fair_value": 5.737997, "relative_strength": -3.602018, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.93255, "energy": 19.275682, "activity_lines": [ 6.484667, 6.474727, 6.480942, 6.439706 ] }, { "date": "2026-01-02", "close": 6.49, "volume": 77964423, "typical_volume": 173116556.1, "trend": 6.356496, "fair_value": 5.750112, "relative_strength": -5.364126, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.418206, "energy": 16.699492, "activity_lines": [ 6.501333, 6.469818, 6.483072, 6.449731 ] }, { "date": "2026-01-09", "close": 6.53, "volume": 129594162, "typical_volume": 169990082.3, "trend": 6.376851, "fair_value": 5.763469, "relative_strength": -7.953351, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.067155, "energy": 22.353517, "activity_lines": [ 6.52, 6.478, 6.488524, 6.460925 ] }, { "date": "2026-01-16", "close": 6.59, "volume": 229116580, "typical_volume": 172198715.8, "trend": 6.402393, "fair_value": 5.776827, "relative_strength": -6.412786, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.220988, "energy": 26.553111, "activity_lines": [ 6.552, 6.498364, 6.499012, 6.474676 ] }, { "date": "2026-01-23", "close": 6.7, "volume": 153148999, "typical_volume": 171190915.7, "trend": 6.430326, "fair_value": 5.790671, "relative_strength": -5.392291, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.299744, "energy": 48.919118, "activity_lines": [ 6.604, 6.540182, 6.518966, 6.493877 ] }, { "date": "2026-01-30", "close": 6.79, "volume": 202476794, "typical_volume": 170813487.0, "trend": 6.459985, "fair_value": 5.805421, "relative_strength": -3.453246, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.439265, "energy": 61.767521, "activity_lines": [ 6.671333, 6.597091, 6.545909, 6.517082 ] }, { "date": "2026-02-06", "close": 6.62, "volume": 156594062, "typical_volume": 165163144.55, "trend": 6.48047, "fair_value": 5.818259, "relative_strength": -4.426092, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.701706, "energy": 54.378895, "activity_lines": [ 6.671333, 6.613455, 6.555641, 6.527405 ] }, { "date": "2026-02-13", "close": 6.48, "volume": 99672706, "typical_volume": 163019442.15, "trend": 6.493421, "fair_value": 5.83009, "relative_strength": -6.594923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.50509, "energy": 33.13944, "activity_lines": [ 6.616, 6.598909, 6.55178, 6.527375 ] }, { "date": "2026-02-27", "close": 6.63, "volume": 91418326, "typical_volume": 165066572.2, "trend": 6.497983, "fair_value": 5.842499, "relative_strength": -6.133911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.08942, "energy": 26.860852, "activity_lines": [ 6.614, 6.610727, 6.561388, 6.536186 ] }, { "date": "2026-03-06", "close": 6.48, "volume": 146527850, "typical_volume": 168823209.6, "trend": 6.502645, "fair_value": 5.854221, "relative_strength": -7.189923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.196676, "energy": 13.518899, "activity_lines": [ 6.559333, 6.59, 6.555273, 6.535026 ] }, { "date": "2026-03-13", "close": 6.69, "volume": 158022556, "typical_volume": 168925040.65, "trend": 6.511757, "fair_value": 5.866521, "relative_strength": -3.394828, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.802348, "energy": 17.595548, "activity_lines": [ 6.589333, 6.607455, 6.569143, 6.547114 ] }, { "date": "2026-03-20", "close": 6.26, "volume": 128481390, "typical_volume": 140717995.75, "trend": 6.507503, "fair_value": 5.875023, "relative_strength": -6.238937, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.96901, "energy": 13.148994, "activity_lines": [ 6.482667, 6.545636, 6.540714, 6.530871 ] }, { "date": "2026-03-27", "close": 6.04, "volume": 131751322, "typical_volume": 134852395.25, "trend": 6.495916, "fair_value": 5.882663, "relative_strength": -8.250264, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -46.439619, "energy": 46.876275, "activity_lines": [ 6.326667, 6.448, 6.493952, 6.50071 ] }, { "date": "2026-04-03", "close": 6.06, "volume": 173595792, "typical_volume": 134672454.2, "trend": 6.485325, "fair_value": 5.888897, "relative_strength": -6.882384, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.844558, "energy": 66.598677, "activity_lines": [ 6.206667, 6.362909, 6.451762, 6.472586 ] }, { "date": "2026-04-10", "close": 6.09, "volume": 66242793, "typical_volume": 131773975.45, "trend": 6.476063, "fair_value": 5.8962, "relative_strength": -8.612764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.249469, "energy": 71.365042, "activity_lines": [ 6.134667, 6.292909, 6.415333, 6.447081 ] }, { "date": "2026-04-17", "close": 6.16, "volume": 58190242, "typical_volume": 128282825.2, "trend": 6.462214, "fair_value": 5.904445, "relative_strength": -8.786153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.010214, "energy": 68.839058, "activity_lines": [ 6.112, 6.246727, 6.388143, 6.42669 ] }, { "date": "2026-04-24", "close": 5.99, "volume": 84169407, "typical_volume": 128534018.9, "trend": 6.443027, "fair_value": 5.911217, "relative_strength": -11.640061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.14342, "energy": 68.226435, "activity_lines": [ 6.068, 6.181091, 6.345238, 6.396225 ] }, { "date": "2026-05-01", "close": 5.94, "volume": 72620538, "typical_volume": 128324977.7, "trend": 6.430743, "fair_value": 5.915804, "relative_strength": -12.738879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.747691, "energy": 63.324063, "activity_lines": [ 6.025333, 6.117818, 6.299143, 6.363771 ] }, { "date": "2026-05-08", "close": 5.93, "volume": 65855085, "typical_volume": 124399378.55, "trend": 6.417467, "fair_value": 5.920656, "relative_strength": -13.982351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.901245, "energy": 61.510627, "activity_lines": [ 5.986, 6.062545, 6.254429, 6.331465 ] }, { "date": "2026-05-15", "close": 5.75, "volume": 110332036, "typical_volume": 123398404.7, "trend": 6.393247, "fair_value": 5.921669, "relative_strength": -15.400784, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.883618, "energy": 72.645864, "activity_lines": [ 5.895333, 5.987273, 6.194524, 6.288403 ] }, { "date": "2026-05-22", "close": 5.57, "volume": 80019288, "typical_volume": 120789717.55, "trend": 6.365333, "fair_value": 5.920158, "relative_strength": -17.268078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.997926, "energy": 82.310379, "activity_lines": [ 5.767333, 5.892545, 6.120952, 6.23529 ] }, { "date": "2026-05-29", "close": 5.75, "volume": 116653275, "typical_volume": 122724160.15, "trend": 6.33, "fair_value": 5.921718, "relative_strength": -13.352466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.091396, "energy": 72.395603, "activity_lines": [ 5.738667, 5.850909, 6.069571, 6.195591 ] }, { "date": "2026-06-05", "close": 5.51, "volume": 20554004, "typical_volume": 117272152.25, "trend": 6.293667, "fair_value": 5.923769, "relative_strength": -15.766636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.594029, "energy": 80.637828, "activity_lines": [ 5.646, 5.774909, 5.998857, 6.142688 ] }, { "date": "2026-06-12", "close": 5.51, "volume": 21318663, "typical_volume": 106882256.4, "trend": 6.255, "fair_value": 5.927134, "relative_strength": -15.488934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.13299, "energy": 81.052194, "activity_lines": [ 5.582, 5.708545, 5.933, 6.092129 ] }, { "date": "2026-06-19", "close": 5.44, "volume": 70941285, "typical_volume": 102771870.7, "trend": 6.215333, "fair_value": 5.928736, "relative_strength": -17.349739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.645096, "energy": 80.662082, "activity_lines": [ 5.522667, 5.639455, 5.865619, 6.039548 ] }, { "date": "2026-06-26", "close": 5.158858, "volume": 25411360, "typical_volume": 93918599.0, "trend": 6.178629, "fair_value": 5.928207, "relative_strength": -19.958134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.490271, "energy": 92.382932, "activity_lines": [ 5.390286, 5.531065, 5.777463, 5.971389 ] }, { "date": "2026-07-03", "close": 5.227382, "volume": 12669900, "typical_volume": 86722390.9, "trend": 6.142208, "fair_value": 5.9285, "relative_strength": -18.814532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.341321, "energy": 90.435044, "activity_lines": [ 5.308156, 5.453337, 5.7036, 5.910018 ] }, { "date": "2026-07-10", "close": 5.276327, "volume": 76241483, "typical_volume": 85550829.75, "trend": 6.103752, "fair_value": 5.930149, "relative_strength": -16.69957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.248163, "energy": 86.768382, "activity_lines": [ 5.277182, 5.398374, 5.64103, 5.854155 ] }, { "date": "2026-07-17", "close": 5.423163, "volume": 106341309, "typical_volume": 86296978.9, "trend": 6.073191, "fair_value": 5.931971, "relative_strength": -8.80533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.859469, "energy": 71.108004, "activity_lines": [ 5.310732, 5.382175, 5.598176, 5.810246 ] }, { "date": "2026-07-24", "close": 5.35464, "volume": 106159687, "typical_volume": 84278570.75, "trend": 6.035679, "fair_value": 5.933026, "relative_strength": -10.791945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.518446, "energy": 58.538468, "activity_lines": [ 5.32723, 5.362733, 5.554543, 5.763888 ] }, { "date": "2026-07-31", "close": 5.65, "volume": 117836418, "typical_volume": 82269263.85, "trend": 6.003012, "fair_value": 5.936028, "relative_strength": -5.932731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.411324, "energy": 36.765236, "activity_lines": [ 5.447872, 5.404181, 5.544398, 5.739005 ] }, { "date": "2026-08-07", "close": 5.41, "volume": 110330919, "typical_volume": 81361740.3, "trend": 5.967012, "fair_value": 5.937158, "relative_strength": -11.951662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.224522, "energy": 27.772842, "activity_lines": [ 5.455772, 5.400538, 5.516349, 5.700746 ] } ], "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." } } }