{ "ticker": { "uuid": "d4e07680-c66e-47ca-9bb7-87394372a6d2", "symbol": "601698", "name": "China Satellite Communications 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.94, "architecture_energy": 73.373, "architecture_maturity": 25.429, "architecture_confidence": 84.082, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 16.77, "rotation_up": 9.86, "upward_expansion": 16.9, "deceleration": 37.3, "rotation_down": 69.33, "downward_expansion": 87.9 }, "activity_lines": [ 26.475333, 28.065848, 30.3113, 31.659997 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 27.42, "trend_reference": 33.971885, "distance_from_trend": -0.192862, "trend_direction": "Improving", "fair_value": 21.574616, "distance_from_fair_value": 0.270938, "fair_value_direction": "Weakening", "relative_strength": -4.886173, "relative_strength_direction": "Weakening", "price_momentum": -0.278421, "excess_performance": -0.235217, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.192862, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.05507, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.270938, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.660791, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.048862, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.434593, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.278421, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.444552, "read": "Supply-led" } ], "volume": { "latest": 152416117, "relative_activity": 0.711768, "balance": 0.444552, "dry_up": 0.88108, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.1366, "annualized_volatility": 0.543788, "from_high_reference": -0.491091, "from_low_reference": 0.389058 }, "levels": { "trend_reference": 33.971885, "fair_value_reference": 21.574616, "structural_low": 23.57, "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": 24, "median_return": -0.016381, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.024383, "regime_survival": 0.75, "best_return": 0.331352, "worst_return": -0.166058, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.020305, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.024598, "regime_survival": 0.444444, "best_return": 0.136576, "worst_return": -0.212648, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.038514, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.033417, "regime_survival": 0.571429, "best_return": 0.419693, "worst_return": -0.19884, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.117484, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.032226, "regime_survival": 0.5, "best_return": 0.611791, "worst_return": -0.255193, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-10-11", "tenure": "New", "return": -0.059606, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-01-03", "tenure": "Developing", "return": 0.09789, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-04-11", "tenure": "Established", "return": 0.064722, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": -0.033691, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-06-27", "tenure": "Developing", "return": 0.007191, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-08-22", "tenure": "Developing", "return": 0.085644, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-09-26", "tenure": "Developing", "return": -0.188537, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-12-19", "tenure": "Developing", "return": 0.152041, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-02-27", "tenure": "Developing", "return": 0.318262, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-05-01", "tenure": "Developing", "return": -0.017955, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": -0.161558, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": 0.124253, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-07-03", "tenure": "New", "return": 0.012751, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.166058, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 17.650503, "volume": 104532405, "typical_volume": 320827056.4, "trend": 17.41647, "fair_value": 15.302398, "relative_strength": 17.108301, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.719359, "energy": 5.278443, "activity_lines": [ 18.396656, 18.574666, 18.640488, 18.484294 ] }, { "date": "2023-08-04", "close": 17.899664, "volume": 89576101, "typical_volume": 288297284.35, "trend": 17.634658, "fair_value": 15.277612, "relative_strength": 17.318363, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.081264, "energy": 7.243102, "activity_lines": [ 18.110952, 18.474267, 18.504484, 18.515468 ] }, { "date": "2023-08-11", "close": 16.783428, "volume": 74126123, "typical_volume": 257936351.1, "trend": 17.803046, "fair_value": 15.24713, "relative_strength": 12.550275, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.725354, "energy": 34.138293, "activity_lines": [ 17.580739, 18.158738, 18.29501, 18.46055 ] }, { "date": "2023-08-18", "close": 16.464504, "volume": 71888205, "typical_volume": 239997905.45, "trend": 17.966436, "fair_value": 15.206358, "relative_strength": 11.631936, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.029038, "energy": 51.854827, "activity_lines": [ 17.083749, 17.811055, 18.080866, 18.374192 ] }, { "date": "2023-08-25", "close": 15.497762, "volume": 75040919, "typical_volume": 225685766.45, "trend": 18.075066, "fair_value": 15.146705, "relative_strength": 6.706963, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.223371, "energy": 61.968621, "activity_lines": [ 16.476463, 17.308023, 17.796712, 18.214923 ] }, { "date": "2023-09-01", "close": 17.291716, "volume": 160213541, "typical_volume": 219107706.5, "trend": 18.232889, "fair_value": 15.110221, "relative_strength": 15.40358, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.169648, "energy": 61.812443, "activity_lines": [ 16.620644, 17.180816, 17.711638, 18.164384 ] }, { "date": "2023-09-08", "close": 19.195299, "volume": 296482553, "typical_volume": 211094855.65, "trend": 18.454829, "fair_value": 15.084862, "relative_strength": 27.320276, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.317055, "energy": 23.687532, "activity_lines": [ 17.423272, 17.43958, 17.820204, 18.226475 ] }, { "date": "2023-09-15", "close": 17.849833, "volume": 466226307, "typical_volume": 209537702.8, "trend": 18.63921, "fair_value": 15.05278, "relative_strength": 17.507525, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.131818, "energy": 16.22221, "activity_lines": [ 17.691036, 17.464949, 17.817358, 18.187443 ] }, { "date": "2023-09-22", "close": 17.291716, "volume": 163532227, "typical_volume": 212759234.05, "trend": 18.765218, "fair_value": 15.020863, "relative_strength": 12.428204, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.626305, "energy": 19.841178, "activity_lines": [ 17.701667, 17.407507, 17.760962, 18.100508 ] }, { "date": "2023-09-29", "close": 16.912991, "volume": 90334867, "typical_volume": 199782865.65, "trend": 18.76493, "fair_value": 15.001739, "relative_strength": 9.893627, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.501159, "energy": 21.173932, "activity_lines": [ 17.530909, 17.32397, 17.669054, 17.98101 ] }, { "date": "2023-10-13", "close": 17.859798, "volume": 192501818, "typical_volume": 200055097.5, "trend": 18.653365, "fair_value": 14.987099, "relative_strength": 15.833448, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.620014, "energy": 15.980694, "activity_lines": [ 17.581404, 17.428707, 17.669774, 17.922614 ] }, { "date": "2023-10-20", "close": 18.497648, "volume": 454132814, "typical_volume": 215565322.75, "trend": 18.443424, "fair_value": 14.982446, "relative_strength": 22.804233, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.807296, "energy": 8.669273, "activity_lines": [ 17.806645, 17.645612, 17.728763, 17.912568 ] }, { "date": "2023-10-27", "close": 19.454424, "volume": 591847502, "typical_volume": 232033304.55, "trend": 18.352536, "fair_value": 14.984179, "relative_strength": 26.171032, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.997339, "energy": 15.583086, "activity_lines": [ 18.39732, 18.025604, 17.872837, 17.977794 ] }, { "date": "2023-11-03", "close": 18.447819, "volume": 270435819, "typical_volume": 236435695.85, "trend": 18.264217, "fair_value": 14.977812, "relative_strength": 17.98059, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.494401, "energy": 15.158129, "activity_lines": [ 18.545488, 18.174013, 17.915089, 17.983941 ] }, { "date": "2023-11-10", "close": 19.334827, "volume": 248855797, "typical_volume": 238526494.95, "trend": 18.194529, "fair_value": 14.980491, "relative_strength": 22.11955, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.230841, "energy": 30.006191, "activity_lines": [ 18.912252, 18.447636, 18.037724, 18.053013 ] }, { "date": "2023-11-17", "close": 18.976038, "volume": 253682436, "typical_volume": 239763616.15, "trend": 18.16425, "fair_value": 14.981758, "relative_strength": 18.20391, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.841282, "energy": 37.121818, "activity_lines": [ 18.997963, 18.58626, 18.120919, 18.103433 ] }, { "date": "2023-11-24", "close": 18.138861, "volume": 151317522, "typical_volume": 223434491.2, "trend": 18.011945, "fair_value": 14.988251, "relative_strength": 12.548982, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 47.654514, "energy": 26.983196, "activity_lines": [ 18.7302, 18.542046, 18.126805, 18.101795 ] }, { "date": "2023-12-01", "close": 18.059128, "volume": 102236162, "typical_volume": 212323015.25, "trend": 18.021692, "fair_value": 14.991251, "relative_strength": 11.521569, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.65044, "energy": 16.0363, "activity_lines": [ 18.459778, 18.502543, 18.133069, 18.104839 ] }, { "date": "2023-12-08", "close": 18.01926, "volume": 109738151, "typical_volume": 205999128.95, "trend": 18.04204, "fair_value": 14.995074, "relative_strength": 12.660159, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.934841, "energy": 13.219867, "activity_lines": [ 18.269087, 18.451985, 18.139429, 18.104682 ] }, { "date": "2023-12-15", "close": 17.650503, "volume": 64193640, "typical_volume": 201544745.45, "trend": 18.049433, "fair_value": 14.987654, "relative_strength": 10.510674, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.320276, "energy": 8.752127, "activity_lines": [ 17.984047, 18.321153, 18.118404, 18.079421 ] }, { "date": "2023-12-22", "close": 16.97279, "volume": 62940963, "typical_volume": 199465173.35, "trend": 18.037219, "fair_value": 14.975763, "relative_strength": 6.519543, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.710357, "energy": 20.338531, "activity_lines": [ 17.585391, 18.053691, 18.033547, 18.00996 ] }, { "date": "2023-12-29", "close": 17.251848, "volume": 107684589, "typical_volume": 200370597.75, "trend": 18.037953, "fair_value": 14.959509, "relative_strength": 5.296975, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.458895, "energy": 36.504697, "activity_lines": [ 17.413304, 17.853095, 17.978495, 17.959291 ] }, { "date": "2024-01-05", "close": 16.085779, "volume": 54944830, "typical_volume": 199411533.1, "trend": 17.967339, "fair_value": 14.947957, "relative_strength": -0.921624, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.339444, "energy": 57.877505, "activity_lines": [ 16.911662, 17.463136, 17.815473, 17.833345 ] }, { "date": "2024-01-12", "close": 15.687122, "volume": 95184326, "typical_volume": 200576339.15, "trend": 17.903984, "fair_value": 14.931883, "relative_strength": -2.393249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.682437, "energy": 67.278634, "activity_lines": [ 16.40869, 17.061943, 17.617805, 17.686234 ] }, { "date": "2024-01-19", "close": 14.660583, "volume": 88799275, "typical_volume": 201264256.95, "trend": 17.785051, "fair_value": 14.911766, "relative_strength": -7.645104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.686978, "energy": 80.083566, "activity_lines": [ 15.719015, 16.524301, 17.326074, 17.476982 ] }, { "date": "2024-01-26", "close": 15.567526, "volume": 135806513, "typical_volume": 200043905.55, "trend": 17.654491, "fair_value": 14.89644, "relative_strength": -5.1217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.907653, "energy": 75.43765, "activity_lines": [ 15.530982, 16.236543, 17.124706, 17.333916 ] }, { "date": "2024-02-02", "close": 13.853304, "volume": 125922113, "typical_volume": 191515883.55, "trend": 17.455828, "fair_value": 14.865937, "relative_strength": -10.405566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.96831, "energy": 83.996055, "activity_lines": [ 14.865226, 15.699082, 16.768288, 17.088678 ] }, { "date": "2024-02-09", "close": 14.610751, "volume": 101861653, "typical_volume": 173297650.85, "trend": 17.31364, "fair_value": 14.842383, "relative_strength": -10.363343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.367087, "energy": 75.61147, "activity_lines": [ 14.678522, 15.377258, 16.509446, 16.905125 ] }, { "date": "2024-02-23", "close": 15.517694, "volume": 149042313, "typical_volume": 172573155.15, "trend": 17.176104, "fair_value": 14.817916, "relative_strength": -9.605577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.568804, "energy": 50.000835, "activity_lines": [ 14.892468, 15.28303, 16.352404, 16.789257 ] }, { "date": "2024-03-01", "close": 17.182083, "volume": 290434193, "typical_volume": 182578121.45, "trend": 17.155507, "fair_value": 14.817573, "relative_strength": -1.258838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.410861, "energy": 29.820726, "activity_lines": [ 15.672505, 15.536902, 16.362323, 16.789643 ] }, { "date": "2024-03-08", "close": 16.594065, "volume": 162840170, "typical_volume": 181095039.05, "trend": 17.120292, "fair_value": 14.816886, "relative_strength": -5.647032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.380226, "energy": 20.46517, "activity_lines": [ 16.088436, 15.692378, 16.314959, 16.753421 ] }, { "date": "2024-03-15", "close": 16.464504, "volume": 115160940, "typical_volume": 164146445.35, "trend": 17.072453, "fair_value": 14.823683, "relative_strength": -6.742832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.683045, "energy": 23.822825, "activity_lines": [ 16.392745, 15.831183, 16.261283, 16.711112 ] }, { "date": "2024-03-22", "close": 16.075811, "volume": 120432745, "typical_volume": 140575707.5, "trend": 17.048866, "fair_value": 14.823482, "relative_strength": -8.353474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.870639, "energy": 22.129026, "activity_lines": [ 16.393408, 15.913632, 16.18027, 16.646813 ] }, { "date": "2024-03-29", "close": 15.946249, "volume": 101218957, "typical_volume": 132114864.4, "trend": 17.031591, "fair_value": 14.821753, "relative_strength": -8.154915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.769137, "energy": 16.187453, "activity_lines": [ 16.253214, 15.972705, 16.103006, 16.575676 ] }, { "date": "2024-04-05", "close": 15.697089, "volume": 55557236, "typical_volume": 122449936.35, "trend": 17.038235, "fair_value": 14.819822, "relative_strength": -9.909343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.963042, "energy": 17.806289, "activity_lines": [ 16.001396, 15.981766, 16.013926, 16.489579 ] }, { "date": "2024-04-12", "close": 14.680515, "volume": 70267104, "typical_volume": 113279169.75, "trend": 16.951195, "fair_value": 14.817214, "relative_strength": -13.891428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.145727, "energy": 35.257821, "activity_lines": [ 15.50972, 15.787149, 15.845351, 16.337468 ] }, { "date": "2024-04-19", "close": 15.089139, "volume": 98060381, "typical_volume": 110616312.7, "trend": 16.814323, "fair_value": 14.817478, "relative_strength": -12.364187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.576486, "energy": 42.613499, "activity_lines": [ 15.281822, 15.682955, 15.736148, 16.217335 ] }, { "date": "2024-04-26", "close": 15.208735, "volume": 103354349, "typical_volume": 110672222.05, "trend": 16.726287, "fair_value": 14.817558, "relative_strength": -12.02707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.181337, "energy": 47.215129, "activity_lines": [ 15.18548, 15.578036, 15.652857, 16.113749 ] }, { "date": "2024-05-03", "close": 15.188803, "volume": 36559092, "typical_volume": 107013269.1, "trend": 16.65619, "fair_value": 14.814781, "relative_strength": -11.999829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.994802, "energy": 50.495395, "activity_lines": [ 15.140299, 15.45862, 15.581241, 16.014557 ] }, { "date": "2024-05-10", "close": 16.035946, "volume": 157485269, "typical_volume": 111677850.55, "trend": 16.626955, "fair_value": 14.806582, "relative_strength": -8.472935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.302094, "energy": 26.338004, "activity_lines": [ 15.427996, 15.49921, 15.603784, 15.974541 ] }, { "date": "2024-05-17", "close": 15.437963, "volume": 68353245, "typical_volume": 111948464.65, "trend": 16.546227, "fair_value": 14.787887, "relative_strength": -11.771803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.95651, "energy": 19.716197, "activity_lines": [ 15.493774, 15.451915, 15.577065, 15.897832 ] }, { "date": "2024-05-24", "close": 14.710415, "volume": 74759864, "typical_volume": 110302228.4, "trend": 16.419986, "fair_value": 14.762751, "relative_strength": -13.988373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.782932, "energy": 29.811414, "activity_lines": [ 15.26654, 15.293359, 15.488364, 15.779392 ] }, { "date": "2024-05-31", "close": 15.537627, "volume": 84240286, "typical_volume": 111767001.2, "trend": 16.289426, "fair_value": 14.763289, "relative_strength": -9.013016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.37864, "energy": 18.105254, "activity_lines": [ 15.340292, 15.317097, 15.490547, 15.722466 ] }, { "date": "2024-06-07", "close": 14.67055, "volume": 73314979, "typical_volume": 110673533.85, "trend": 16.163517, "fair_value": 14.759347, "relative_strength": -12.921965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.455931, "energy": 36.359021, "activity_lines": [ 15.103092, 15.19297, 15.412762, 15.618022 ] }, { "date": "2024-06-14", "close": 14.740314, "volume": 37550569, "typical_volume": 108111098.55, "trend": 16.010366, "fair_value": 14.751982, "relative_strength": -11.73159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.149591, "energy": 45.291867, "activity_lines": [ 14.923696, 15.104722, 15.346461, 15.526203 ] }, { "date": "2024-06-21", "close": 14.371557, "volume": 44413036, "typical_volume": 103541424.7, "trend": 15.856884, "fair_value": 14.743839, "relative_strength": -12.751796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.709788, "energy": 50.987283, "activity_lines": [ 14.707757, 14.966823, 15.244662, 15.420473 ] }, { "date": "2024-06-28", "close": 14.067165, "volume": 49717508, "typical_volume": 99731194.45, "trend": 15.721161, "fair_value": 14.732031, "relative_strength": -13.46432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.365767, "energy": 65.338164, "activity_lines": [ 14.461448, 14.779198, 15.119567, 15.305007 ] }, { "date": "2024-07-05", "close": 13.438186, "volume": 31079496, "typical_volume": 96192086.6, "trend": 15.567129, "fair_value": 14.717017, "relative_strength": -16.392755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.078619, "energy": 75.088289, "activity_lines": [ 14.048363, 14.495794, 14.933552, 15.157719 ] }, { "date": "2024-07-12", "close": 14.386646, "volume": 69287485, "typical_volume": 92204345.2, "trend": 15.446042, "fair_value": 14.707702, "relative_strength": -10.7112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.66901, "energy": 63.928079, "activity_lines": [ 14.091393, 14.417029, 14.84345, 15.081558 ] }, { "date": "2024-07-19", "close": 14.985674, "volume": 59357398, "typical_volume": 80650505.45, "trend": 15.357214, "fair_value": 14.699652, "relative_strength": -7.046727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.755199, "energy": 42.041935, "activity_lines": [ 14.353027, 14.461763, 14.815783, 15.051857 ] }, { "date": "2024-07-26", "close": 15.165381, "volume": 60425169, "typical_volume": 75529755.4, "trend": 15.296967, "fair_value": 14.693771, "relative_strength": -2.673186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.876065, "energy": 22.338168, "activity_lines": [ 14.658205, 14.558267, 14.815691, 15.039481 ] }, { "date": "2024-08-02", "close": 17.890959, "volume": 409026283, "typical_volume": 90223022.55, "trend": 15.318271, "fair_value": 14.714451, "relative_strength": 14.028825, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.579568, "energy": 36.091693, "activity_lines": [ 15.818988, 15.155287, 15.081981, 15.206835 ] }, { "date": "2024-08-09", "close": 16.004023, "volume": 367594216, "typical_volume": 102581096.1, "trend": 15.315546, "fair_value": 14.722273, "relative_strength": 3.464896, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.115775, "energy": 30.830367, "activity_lines": [ 16.095873, 15.351399, 15.161771, 15.251077 ] }, { "date": "2024-08-16", "close": 15.225286, "volume": 113336845, "typical_volume": 103186990.5, "trend": 15.300151, "fair_value": 14.727455, "relative_strength": -2.104364, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.3223, "energy": 28.615882, "activity_lines": [ 15.942122, 15.397443, 15.167736, 15.245254 ] }, { "date": "2024-08-23", "close": 14.835917, "volume": 78563778, "typical_volume": 104337317.6, "trend": 15.305996, "fair_value": 14.730903, "relative_strength": -3.748132, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 6.051303, "energy": 19.096984, "activity_lines": [ 15.602673, 15.362606, 15.140052, 15.215303 ] }, { "date": "2024-08-30", "close": 14.97569, "volume": 71629864, "typical_volume": 104405455.6, "trend": 15.286268, "fair_value": 14.740713, "relative_strength": -2.430045, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.433939, "energy": 7.241211, "activity_lines": [ 15.319799, 15.351444, 15.129781, 15.193993 ] }, { "date": "2024-09-06", "close": 14.326744, "volume": 62265140, "typical_volume": 102615693.55, "trend": 15.302049, "fair_value": 14.742614, "relative_strength": -4.121113, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.825263, "energy": 30.135996, "activity_lines": [ 14.833255, 15.211308, 15.0563, 15.132089 ] }, { "date": "2024-09-13", "close": 14.176987, "volume": 40847271, "typical_volume": 99490339.65, "trend": 15.287591, "fair_value": 14.74419, "relative_strength": -2.862488, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.487773, "energy": 35.525706, "activity_lines": [ 14.534407, 15.039224, 14.972186, 15.059504 ] }, { "date": "2024-09-20", "close": 14.296792, "volume": 30292800, "typical_volume": 99177025.05, "trend": 15.246894, "fair_value": 14.747996, "relative_strength": -2.889397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.688023, "energy": 45.227821, "activity_lines": [ 14.397296, 14.875489, 14.904396, 14.995581 ] }, { "date": "2024-09-27", "close": 16.073908, "volume": 119236625, "typical_volume": 97264592.85, "trend": 15.209955, "fair_value": 14.763956, "relative_strength": -3.040457, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.635369, "energy": 13.611592, "activity_lines": [ 14.914456, 15.036501, 15.010102, 15.048937 ] }, { "date": "2024-10-04", "close": 17.251995, "volume": 64949400, "typical_volume": 97094400.6, "trend": 15.231886, "fair_value": 14.769989, "relative_strength": -3.578755, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.627336, "energy": 30.894189, "activity_lines": [ 15.74178, 15.391924, 15.227826, 15.180682 ] }, { "date": "2024-10-11", "close": 16.223665, "volume": 226751685, "typical_volume": 104693991.65, "trend": 15.223858, "fair_value": 14.76568, "relative_strength": -5.845992, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.706645, "energy": 43.28655, "activity_lines": [ 16.074573, 15.522439, 15.338976, 15.244668 ] }, { "date": "2024-10-18", "close": 17.032351, "volume": 174593982, "typical_volume": 109211676.45, "trend": 15.255742, "fair_value": 14.774437, "relative_strength": -2.284011, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.490125, "energy": 60.427237, "activity_lines": [ 16.550467, 15.830303, 15.519938, 15.361345 ] }, { "date": "2024-10-25", "close": 17.251995, "volume": 238703808, "typical_volume": 117481117.9, "trend": 15.299267, "fair_value": 14.787398, "relative_strength": -1.824253, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.872564, "energy": 69.619903, "activity_lines": [ 16.909218, 16.159405, 15.7147, 15.490135 ] }, { "date": "2024-11-01", "close": 16.533161, "volume": 145178278, "typical_volume": 122862503.35, "trend": 15.327136, "fair_value": 14.800964, "relative_strength": -4.638891, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.438759, "energy": 62.688012, "activity_lines": [ 16.831344, 16.320961, 15.82871, 15.569741 ] }, { "date": "2024-11-08", "close": 22.403633, "volume": 498657808, "typical_volume": 145574741.95, "trend": 15.584574, "fair_value": 14.851461, "relative_strength": 22.294395, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.155617, "energy": 90.912324, "activity_lines": [ 18.679677, 17.519016, 16.493274, 16.026289 ] }, { "date": "2024-11-15", "close": 23.312159, "volume": 1019545870, "typical_volume": 194066160.05, "trend": 15.858674, "fair_value": 14.907147, "relative_strength": 31.594792, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.529157, "energy": 94.255235, "activity_lines": [ 20.48741, 18.747204, 17.206117, 16.524843 ] }, { "date": "2024-11-22", "close": 21.135691, "volume": 674759167, "typical_volume": 226250143.6, "trend": 16.056239, "fair_value": 14.951423, "relative_strength": 21.516325, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.793782, "energy": 85.785859, "activity_lines": [ 21.097087, 19.4163, 17.667654, 16.865296 ] }, { "date": "2024-11-29", "close": 23.13245, "volume": 571974171, "typical_volume": 251384477.9, "trend": 16.321028, "fair_value": 15.011359, "relative_strength": 30.161772, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.429337, "energy": 90.040809, "activity_lines": [ 22.098795, 20.321921, 18.282703, 17.321826 ] }, { "date": "2024-12-06", "close": 22.253876, "volume": 325355472, "typical_volume": 264684381.6, "trend": 16.528292, "fair_value": 15.064392, "relative_strength": 22.107821, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.6258, "energy": 74.569966, "activity_lines": [ 22.415614, 20.907153, 18.772432, 17.70459 ] }, { "date": "2024-12-13", "close": 23.511833, "volume": 421025143, "typical_volume": 282714380.3, "trend": 16.797421, "fair_value": 15.119642, "relative_strength": 29.073739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.74524, "energy": 62.08731, "activity_lines": [ 22.770371, 21.608741, 19.347356, 18.155141 ] }, { "date": "2024-12-20", "close": 21.824574, "volume": 265647280, "typical_volume": 275545430.15, "trend": 17.03456, "fair_value": 15.163821, "relative_strength": 20.450401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.370227, "energy": 52.547292, "activity_lines": [ 22.488828, 21.88974, 19.721843, 18.479473 ] }, { "date": "2024-12-27", "close": 21.395269, "volume": 141349630, "typical_volume": 264233200.85, "trend": 17.229814, "fair_value": 15.206774, "relative_strength": 16.771259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.458287, "energy": 45.0989, "activity_lines": [ 22.163356, 21.990848, 20.036713, 18.76081 ] }, { "date": "2025-01-03", "close": 18.699644, "volume": 111831312, "typical_volume": 264157924.2, "trend": 17.364118, "fair_value": 15.230986, "relative_strength": 8.047152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.692462, "energy": 26.693548, "activity_lines": [ 20.922037, 21.522517, 20.069184, 18.855637 ] }, { "date": "2025-01-10", "close": 18.81945, "volume": 95784710, "typical_volume": 265018970.8, "trend": 17.500089, "fair_value": 15.260732, "relative_strength": 10.035986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.536759, "energy": 22.376445, "activity_lines": [ 20.016174, 21.049649, 20.09652, 18.94953 ] }, { "date": "2025-01-17", "close": 19.57822, "volume": 101651566, "typical_volume": 266520055.9, "trend": 17.673644, "fair_value": 15.296613, "relative_strength": 11.64715, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.992082, "energy": 22.712349, "activity_lines": [ 19.592196, 20.673169, 20.177152, 19.083603 ] }, { "date": "2025-01-24", "close": 19.638123, "volume": 115846706, "typical_volume": 269199134.2, "trend": 17.859343, "fair_value": 15.333324, "relative_strength": 11.275975, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.694027, "energy": 21.336909, "activity_lines": [ 19.450427, 20.358952, 20.241571, 19.210343 ] }, { "date": "2025-01-31", "close": 19.158899, "volume": 14606464, "typical_volume": 267887093.85, "trend": 18.050033, "fair_value": 15.364674, "relative_strength": 8.41885, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.48263, "energy": 13.486546, "activity_lines": [ 19.294679, 20.024404, 20.235058, 19.294186 ] }, { "date": "2025-02-07", "close": 20.926031, "volume": 120500302, "typical_volume": 272397468.95, "trend": 18.268013, "fair_value": 15.40659, "relative_strength": 15.999758, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.877892, "energy": 11.865303, "activity_lines": [ 19.877067, 20.047094, 20.373119, 19.479734 ] }, { "date": "2025-02-14", "close": 21.235529, "volume": 161352949, "typical_volume": 274503285.15, "trend": 18.476341, "fair_value": 15.453858, "relative_strength": 15.692843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.057043, "energy": 22.661497, "activity_lines": [ 20.414195, 20.166174, 20.509089, 19.671186 ] }, { "date": "2025-02-21", "close": 21.63488, "volume": 162784201, "typical_volume": 279395025.2, "trend": 18.691991, "fair_value": 15.503495, "relative_strength": 16.234053, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.77537, "energy": 35.663232, "activity_lines": [ 20.923369, 20.376378, 20.658513, 19.874963 ] }, { "date": "2025-02-28", "close": 19.698025, "volume": 242922059, "typical_volume": 280203543.9, "trend": 18.752227, "fair_value": 15.545356, "relative_strength": 7.587539, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 31.860878, "energy": 25.404649, "activity_lines": [ 20.649813, 20.268553, 20.602604, 19.939869 ] }, { "date": "2025-03-07", "close": 21.564995, "volume": 297896988, "typical_volume": 286368694.2, "trend": 18.937592, "fair_value": 15.598804, "relative_strength": 15.599175, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.521061, "energy": 31.734276, "activity_lines": [ 20.994587, 20.538842, 20.707957, 20.121338 ] }, { "date": "2025-03-14", "close": 20.806227, "volume": 166057117, "typical_volume": 282736359.65, "trend": 19.123624, "fair_value": 15.647261, "relative_strength": 9.733388, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.592852, "energy": 23.752034, "activity_lines": [ 20.926032, 20.668087, 20.719462, 20.241895 ] }, { "date": "2025-03-21", "close": 20.297052, "volume": 123263274, "typical_volume": 281640609.45, "trend": 19.305662, "fair_value": 15.691501, "relative_strength": 8.503929, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.269951, "energy": 18.534324, "activity_lines": [ 20.695739, 20.666453, 20.665549, 20.3176 ] }, { "date": "2025-03-28", "close": 19.059061, "volume": 101874788, "typical_volume": 261801458.45, "trend": 19.441774, "fair_value": 15.72952, "relative_strength": 2.14031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.714023, "energy": 2.883782, "activity_lines": [ 20.115347, 20.412864, 20.47581, 20.30169 ] }, { "date": "2025-04-04", "close": 19.747944, "volume": 83410520, "typical_volume": 214994690.95, "trend": 19.622481, "fair_value": 15.779075, "relative_strength": 5.836078, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.049377, "energy": 11.164514, "activity_lines": [ 19.936305, 20.293966, 20.367604, 20.321443 ] }, { "date": "2025-04-11", "close": 20.037474, "volume": 203221653, "typical_volume": 191417815.25, "trend": 19.81783, "fair_value": 15.832456, "relative_strength": 10.325577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.633787, "energy": 10.935321, "activity_lines": [ 19.850444, 20.225714, 20.303946, 20.348217 ] }, { "date": "2025-04-18", "close": 19.558252, "volume": 97149472, "typical_volume": 167676580.3, "trend": 19.993212, "fair_value": 15.8834, "relative_strength": 6.041243, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.227256, "energy": 28.019896, "activity_lines": [ 19.706677, 20.054356, 20.199877, 20.33147 ] }, { "date": "2025-04-25", "close": 19.468397, "volume": 75789980, "typical_volume": 155198305.7, "trend": 20.106362, "fair_value": 15.934976, "relative_strength": 4.615085, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.07813, "energy": 28.330137, "activity_lines": [ 19.616158, 19.891529, 20.10427, 20.297611 ] }, { "date": "2025-05-02", "close": 18.899321, "volume": 39961070, "typical_volume": 136145102.05, "trend": 20.161273, "fair_value": 15.984112, "relative_strength": 1.751539, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.912224, "energy": 33.621236, "activity_lines": [ 19.391189, 19.657363, 19.96773, 20.219737 ] }, { "date": "2025-05-09", "close": 19.757929, "volume": 110308638, "typical_volume": 128378169.95, "trend": 20.279082, "fair_value": 16.040404, "relative_strength": 4.077168, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.660906, "energy": 36.741258, "activity_lines": [ 19.463073, 19.629046, 19.934926, 20.193715 ] }, { "date": "2025-05-16", "close": 19.238771, "volume": 143497993, "typical_volume": 128485588.1, "trend": 20.352629, "fair_value": 16.099025, "relative_strength": 0.298238, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.5782, "energy": 33.801082, "activity_lines": [ 19.361239, 19.505247, 19.86252, 20.126598 ] }, { "date": "2025-05-23", "close": 18.94924, "volume": 65128227, "typical_volume": 126150433.85, "trend": 20.409204, "fair_value": 16.157125, "relative_strength": -0.947882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.308064, "energy": 37.076582, "activity_lines": [ 19.216141, 19.371101, 19.772808, 20.036057 ] }, { "date": "2025-05-30", "close": 19.538284, "volume": 85299852, "typical_volume": 125626190.95, "trend": 20.509374, "fair_value": 16.218874, "relative_strength": 1.882767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.073927, "energy": 26.668849, "activity_lines": [ 19.307991, 19.377817, 19.738008, 19.979868 ] }, { "date": "2025-06-06", "close": 19.588203, "volume": 71102262, "typical_volume": 124098725.75, "trend": 20.415527, "fair_value": 16.277955, "relative_strength": 0.669881, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.1578, "energy": 22.444914, "activity_lines": [ 19.411823, 19.407406, 19.704538, 19.920438 ] }, { "date": "2025-06-13", "close": 19.60817, "volume": 89003591, "typical_volume": 122756570.0, "trend": 20.29206, "fair_value": 16.336402, "relative_strength": 0.703336, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.777794, "energy": 18.589238, "activity_lines": [ 19.476384, 19.431004, 19.672923, 19.86835 ] }, { "date": "2025-06-20", "close": 19.098995, "volume": 53411222, "typical_volume": 124696807.9, "trend": 20.224171, "fair_value": 16.390377, "relative_strength": -1.70451, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.328625, "energy": 19.899452, "activity_lines": [ 19.381205, 19.364566, 19.592957, 19.791378 ] }, { "date": "2025-06-27", "close": 19.9, "volume": 101031063, "typical_volume": 123723345.95, "trend": 20.116422, "fair_value": 16.447326, "relative_strength": 0.13718, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.292855, "energy": 12.466136, "activity_lines": [ 19.562345, 19.460828, 19.589563, 19.770464 ] }, { "date": "2025-07-04", "close": 20.200001, "volume": 272375918, "typical_volume": 129274494.4, "trend": 20.04796, "fair_value": 16.506961, "relative_strength": -0.178466, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.78131, "energy": 9.153851, "activity_lines": [ 19.780102, 19.605423, 19.619626, 19.775856 ] }, { "date": "2025-07-11", "close": 19.950001, "volume": 136087849, "typical_volume": 127939676.8, "trend": 19.929232, "fair_value": 16.566269, "relative_strength": -2.747233, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.551221, "energy": 9.149003, "activity_lines": [ 19.870411, 19.691261, 19.630811, 19.769537 ] }, { "date": "2025-07-18", "close": 19.790001, "volume": 109755891, "typical_volume": 121281368.4, "trend": 19.861413, "fair_value": 16.623278, "relative_strength": -4.37134, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.458015, "energy": 10.823194, "activity_lines": [ 19.883267, 19.728905, 19.634781, 19.760554 ] }, { "date": "2025-07-25", "close": 19.889999, "volume": 121271181, "typical_volume": 112450078.05, "trend": 19.811237, "fair_value": 16.678888, "relative_strength": -5.560279, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.630755, "energy": 10.104146, "activity_lines": [ 19.917334, 19.784147, 19.647836, 19.762398 ] }, { "date": "2025-08-01", "close": 19.85, "volume": 223751561, "typical_volume": 115334800.25, "trend": 19.849582, "fair_value": 16.73558, "relative_strength": -4.675848, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.527815, "energy": 9.823057, "activity_lines": [ 19.885333, 19.820276, 19.665059, 19.764899 ] }, { "date": "2025-08-08", "close": 20.65, "volume": 236872003, "typical_volume": 121015236.7, "trend": 19.910601, "fair_value": 16.800906, "relative_strength": -2.913321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.123736, "energy": 20.784465, "activity_lines": [ 20.123333, 19.985483, 19.763025, 19.816539 ] }, { "date": "2025-08-15", "close": 20.32, "volume": 216276738, "typical_volume": 126735334.2, "trend": 19.935327, "fair_value": 16.859974, "relative_strength": -6.122373, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.688727, "energy": 21.232376, "activity_lines": [ 20.221333, 20.070476, 19.827882, 19.842952 ] }, { "date": "2025-08-22", "close": 21.93, "volume": 324464772, "typical_volume": 138788046.8, "trend": 20.011723, "fair_value": 16.929298, "relative_strength": -2.271752, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.214804, "energy": 53.334371, "activity_lines": [ 20.831333, 20.434891, 20.040067, 19.97164 ] }, { "date": "2025-08-29", "close": 25.299999, "volume": 840215222, "typical_volume": 170637725.25, "trend": 20.216426, "fair_value": 17.018759, "relative_strength": 11.335634, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.171261, "energy": 87.317547, "activity_lines": [ 22.422, 21.369818, 20.562815, 20.312819 ] }, { "date": "2025-09-05", "close": 21.280001, "volume": 444287188, "typical_volume": 187994611.05, "trend": 20.228225, "fair_value": 17.082578, "relative_strength": -5.363485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.294516, "energy": 69.359652, "activity_lines": [ 22.312, 21.461091, 20.677646, 20.381437 ] }, { "date": "2025-09-12", "close": 22.1, "volume": 385900290, "typical_volume": 203500126.55, "trend": 20.257041, "fair_value": 17.154777, "relative_strength": -3.338825, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.081177, "energy": 68.063361, "activity_lines": [ 22.38, 21.676364, 20.862373, 20.502197 ] }, { "date": "2025-09-19", "close": 20.940001, "volume": 213294874, "typical_volume": 212166816.75, "trend": 20.233878, "fair_value": 17.220687, "relative_strength": -7.279259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.065696, "energy": 42.089986, "activity_lines": [ 21.964667, 21.646182, 20.924092, 20.546259 ] }, { "date": "2025-09-26", "close": 20.530001, "volume": 150982114, "typical_volume": 214200490.55, "trend": 20.261611, "fair_value": 17.272497, "relative_strength": -9.331355, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.907256, "energy": 17.860575, "activity_lines": [ 21.371334, 21.523455, 20.937047, 20.565363 ] }, { "date": "2025-10-03", "close": 21.309999, "volume": 75996193, "typical_volume": 210825400.55, "trend": 20.253111, "fair_value": 17.334724, "relative_strength": -7.307459, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.17068, "energy": 18.180704, "activity_lines": [ 21.131334, 21.529091, 21.02061, 20.633001 ] }, { "date": "2025-10-10", "close": 21.200001, "volume": 82070421, "typical_volume": 211672510.25, "trend": 20.266237, "fair_value": 17.401154, "relative_strength": -8.241776, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.862548, "energy": 18.870357, "activity_lines": [ 21.120667, 21.488909, 21.083834, 20.694091 ] }, { "date": "2025-10-17", "close": 20.629999, "volume": 201933615, "typical_volume": 217504198.4, "trend": 20.277335, "fair_value": 17.465204, "relative_strength": -9.421262, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.247142, "energy": 15.8339, "activity_lines": [ 20.925333, 21.320546, 21.082055, 20.71756 ] }, { "date": "2025-10-24", "close": 21.709999, "volume": 207388346, "typical_volume": 224318502.6, "trend": 20.365699, "fair_value": 17.541148, "relative_strength": -7.427371, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.439403, "energy": 14.867276, "activity_lines": [ 21.188, 21.348909, 21.177934, 20.80999 ] }, { "date": "2025-10-31", "close": 21.690001, "volume": 321323136, "typical_volume": 235934479.85, "trend": 20.430435, "fair_value": 17.61467, "relative_strength": -7.746342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.947256, "energy": 20.204217, "activity_lines": [ 21.392667, 21.348364, 21.261805, 20.895428 ] }, { "date": "2025-11-07", "close": 22.33, "volume": 223504282, "typical_volume": 244439132.85, "trend": 20.506852, "fair_value": 17.689618, "relative_strength": -5.764862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.83162, "energy": 27.102216, "activity_lines": [ 21.733333, 21.468546, 21.396714, 21.017981 ] }, { "date": "2025-11-14", "close": 21.700001, "volume": 288303636, "typical_volume": 253802761.5, "trend": 20.578244, "fair_value": 17.759125, "relative_strength": -7.794407, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.946725, "energy": 28.098363, "activity_lines": [ 21.796, 21.528182, 21.456238, 21.094958 ] }, { "date": "2025-11-21", "close": 20.18, "volume": 144846582, "typical_volume": 247426294.7, "trend": 20.601964, "fair_value": 17.813344, "relative_strength": -10.421347, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.086898, "energy": 10.290648, "activity_lines": [ 21.318667, 21.303818, 21.362429, 21.069265 ] }, { "date": "2025-11-28", "close": 20.75, "volume": 151472298, "typical_volume": 248195517.15, "trend": 20.663653, "fair_value": 17.873383, "relative_strength": -8.679536, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.428485, "energy": 7.18646, "activity_lines": [ 21.061334, 21.218, 21.323, 21.078816 ] }, { "date": "2025-12-05", "close": 21.959999, "volume": 277429996, "typical_volume": 256579222.4, "trend": 20.737056, "fair_value": 17.938948, "relative_strength": -3.416805, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.363403, "energy": 13.839226, "activity_lines": [ 21.271333, 21.355636, 21.395, 21.162451 ] }, { "date": "2025-12-12", "close": 22.969999, "volume": 576300563, "typical_volume": 279330691.5, "trend": 20.86143, "fair_value": 18.011689, "relative_strength": 1.719476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.72081, "energy": 26.318283, "activity_lines": [ 21.799999, 21.650909, 21.552857, 21.306512 ] }, { "date": "2025-12-19", "close": 24.549999, "volume": 792608315, "typical_volume": 307773529.2, "trend": 21.048122, "fair_value": 18.091626, "relative_strength": 8.746552, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 73.706132, "energy": 64.791832, "activity_lines": [ 22.812666, 22.203272, 21.846524, 21.544484 ] }, { "date": "2025-12-26", "close": 28.309999, "volume": 1073185448, "typical_volume": 349589201.45, "trend": 21.340512, "fair_value": 18.194838, "relative_strength": 22.739261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.107172, "energy": 85.820658, "activity_lines": [ 24.888666, 23.378363, 22.475905, 22.012992 ] }, { "date": "2026-01-02", "close": 35.73, "volume": 948369673, "typical_volume": 386193848.2, "trend": 21.878572, "fair_value": 18.349118, "relative_strength": 53.098735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.898449, "energy": 97.704312, "activity_lines": [ 28.895999, 25.762909, 23.775476, 22.941346 ] }, { "date": "2026-01-09", "close": 48.98, "volume": 1450558416, "typical_volume": 442498530.4, "trend": 22.857633, "fair_value": 18.591713, "relative_strength": 98.295342, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 99.713334, "energy": 99.723299, "activity_lines": [ 36.321333, 30.301636, 26.263571, 24.689826 ] }, { "date": "2026-01-16", "close": 40.16, "volume": 1121693683, "typical_volume": 456572453.45, "trend": 23.559667, "fair_value": 18.776367, "relative_strength": 61.379343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.96571, "energy": 91.27337, "activity_lines": [ 39.005333, 32.740545, 27.782857, 25.806107 ] }, { "date": "2026-01-23", "close": 42.48, "volume": 796360570, "typical_volume": 474176122.55, "trend": 24.312333, "fair_value": 18.97347, "relative_strength": 67.047191, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.560678, "energy": 91.071699, "activity_lines": [ 41.316667, 35.277091, 29.452333, 27.026774 ] }, { "date": "2026-01-30", "close": 38.0, "volume": 623406509, "typical_volume": 486051433.5, "trend": 24.905667, "fair_value": 19.14294, "relative_strength": 48.54215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.06274, "energy": 72.226109, "activity_lines": [ 40.939333, 36.621272, 30.59419, 27.909849 ] }, { "date": "2026-02-06", "close": 36.779999, "volume": 569004875, "typical_volume": 503836933.55, "trend": 25.466667, "fair_value": 19.300255, "relative_strength": 44.412382, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.497865, "energy": 60.54261, "activity_lines": [ 39.509333, 37.419636, 31.544143, 28.675935 ] }, { "date": "2026-02-13", "close": 35.369999, "volume": 273084839, "typical_volume": 509942069.8, "trend": 25.986, "fair_value": 19.446492, "relative_strength": 37.337255, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.767409, "energy": 45.577839, "activity_lines": [ 37.539333, 37.670181, 32.284381, 29.31486 ] }, { "date": "2026-02-27", "close": 37.32, "volume": 286800497, "typical_volume": 520482285.0, "trend": 26.567, "fair_value": 19.605356, "relative_strength": 40.994719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.508142, "energy": 35.88112, "activity_lines": [ 37.126666, 38.031454, 33.139666, 30.046086 ] }, { "date": "2026-03-06", "close": 37.299999, "volume": 462733357, "typical_volume": 539515431.8, "trend": 27.148666, "fair_value": 19.765495, "relative_strength": 40.914454, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.009916, "energy": 30.520554, "activity_lines": [ 36.896666, 38.128181, 33.916809, 30.738537 ] }, { "date": "2026-03-13", "close": 35.639999, "volume": 295653585, "typical_volume": 544201430.3, "trend": 27.648333, "fair_value": 19.907344, "relative_strength": 34.657015, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.7813, "energy": 26.5318, "activity_lines": [ 36.458666, 37.691272, 34.45919, 31.286365 ] }, { "date": "2026-03-20", "close": 32.919998, "volume": 233480810, "typical_volume": 545506053.5, "trend": 28.068333, "fair_value": 20.009898, "relative_strength": 27.879829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.426278, "energy": 21.539723, "activity_lines": [ 35.271332, 36.626545, 34.671047, 31.626473 ] }, { "date": "2026-03-27", "close": 31.799999, "volume": 196367582, "typical_volume": 539258275.8, "trend": 28.397333, "fair_value": 20.077803, "relative_strength": 24.128678, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.092419, "energy": 18.207201, "activity_lines": [ 33.967999, 35.409272, 34.722856, 31.867225 ] }, { "date": "2026-04-03", "close": 31.559999, "volume": 221283162, "typical_volume": 539147219.8, "trend": 28.606, "fair_value": 20.121163, "relative_strength": 23.372676, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.487793, "energy": 14.994101, "activity_lines": [ 32.822665, 34.460726, 34.703666, 32.071268 ] }, { "date": "2026-04-10", "close": 32.610001, "volume": 139550799, "typical_volume": 531709577.95, "trend": 28.983666, "fair_value": 20.188015, "relative_strength": 23.266576, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.613912, "energy": 16.469521, "activity_lines": [ 32.411333, 33.859454, 34.740523, 32.329591 ] }, { "date": "2026-04-17", "close": 33.98, "volume": 250959169, "typical_volume": 537015207.3, "trend": 29.379666, "fair_value": 20.270596, "relative_strength": 25.577799, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.877358, "energy": 14.76751, "activity_lines": [ 32.769333, 33.686727, 34.855904, 32.651935 ] }, { "date": "2026-04-24", "close": 36.050911, "volume": 639611855, "typical_volume": 561422185.15, "trend": 29.883363, "fair_value": 20.364349, "relative_strength": 31.217914, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.151458, "energy": 12.762116, "activity_lines": [ 33.928304, 33.96362, 35.102801, 33.082338 ] }, { "date": "2026-05-01", "close": 36.63028, "volume": 239008991, "typical_volume": 559501134.9, "trend": 30.420039, "fair_value": 20.471694, "relative_strength": 31.157316, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 41.77683, "energy": 31.261796, "activity_lines": [ 35.07167, 34.359109, 35.332013, 33.517623 ] }, { "date": "2026-05-08", "close": 39.756889, "volume": 289027559, "typical_volume": 545137484.7, "trend": 31.034936, "fair_value": 20.580982, "relative_strength": 38.573107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.51573, "energy": 59.388073, "activity_lines": [ 36.93522, 35.300158, 35.78914, 34.12 ] }, { "date": "2026-05-15", "close": 35.051994, "volume": 398704378, "typical_volume": 525442287.85, "trend": 31.496669, "fair_value": 20.691785, "relative_strength": 22.609883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.184956, "energy": 43.428635, "activity_lines": [ 36.684013, 35.341465, 35.718244, 34.379165 ] }, { "date": "2026-05-22", "close": 33.333855, "volume": 212636666, "typical_volume": 482414848.75, "trend": 31.920131, "fair_value": 20.793869, "relative_strength": 16.462713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.655005, "energy": 22.478318, "activity_lines": [ 35.697293, 35.111255, 35.433706, 34.497693 ] }, { "date": "2026-05-29", "close": 30.067398, "volume": 198016633, "typical_volume": 444897196.75, "trend": 32.198711, "fair_value": 20.874886, "relative_strength": 5.689332, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.490429, "energy": 6.597139, "activity_lines": [ 33.66483, 34.329074, 34.814154, 34.378162 ] }, { "date": "2026-06-05", "close": 31.96534, "volume": 77495838, "typical_volume": 376244067.85, "trend": 32.541222, "fair_value": 20.968643, "relative_strength": 12.848223, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.320532, "energy": 18.246501, "activity_lines": [ 32.663916, 33.943839, 34.402323, 34.363106 ] }, { "date": "2026-06-12", "close": 33.803349, "volume": 101041660, "typical_volume": 325211466.7, "trend": 32.923667, "fair_value": 21.074884, "relative_strength": 18.383984, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.062879, "energy": 27.344525, "activity_lines": [ 32.586667, 33.889781, 34.246562, 34.444534 ] }, { "date": "2026-06-19", "close": 30.856541, "volume": 197474796, "typical_volume": 295267178.0, "trend": 33.228885, "fair_value": 21.155988, "relative_strength": 6.006035, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.003563, "energy": 46.574861, "activity_lines": [ 31.924051, 33.259152, 33.840423, 34.311171 ] }, { "date": "2026-06-26", "close": 29.35, "volume": 88401805, "typical_volume": 268516942.8, "trend": 33.534552, "fair_value": 21.231387, "relative_strength": 1.971273, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.579381, "energy": 51.249523, "activity_lines": [ 31.038953, 32.386488, 33.346154, 34.06092 ] }, { "date": "2026-07-03", "close": 31.25, "volume": 61744990, "typical_volume": 243153948.55, "trend": 33.884552, "fair_value": 21.314858, "relative_strength": 7.577916, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.516013, "energy": 40.141945, "activity_lines": [ 31.052777, 31.943459, 33.074028, 33.91353 ] }, { "date": "2026-07-10", "close": 32.880001, "volume": 216732621, "typical_volume": 240336337.65, "trend": 34.248552, "fair_value": 21.400728, "relative_strength": 13.79974, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.298891, "energy": 37.200089, "activity_lines": [ 31.531096, 31.884084, 32.983473, 33.84872 ] }, { "date": "2026-07-17", "close": 25.59, "volume": 331785042, "typical_volume": 242585564.9, "trend": 34.335885, "fair_value": 21.437758, "relative_strength": -6.250402, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.337212, "energy": 55.888458, "activity_lines": [ 29.518436, 30.567441, 32.210489, 33.290104 ] }, { "date": "2026-07-24", "close": 25.030001, "volume": 169972311, "typical_volume": 227947512.6, "trend": 34.351885, "fair_value": 21.477205, "relative_strength": -9.735633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.153344, "energy": 66.702346, "activity_lines": [ 27.866667, 29.40656, 31.440029, 32.689724 ] }, { "date": "2026-07-31", "close": 25.219999, "volume": 100515147, "typical_volume": 218190590.7, "trend": 34.248885, "fair_value": 21.51295, "relative_strength": -9.728977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.517111, "energy": 73.852744, "activity_lines": [ 26.666667, 28.462442, 30.746093, 32.10057 ] }, { "date": "2026-08-07", "close": 27.42, "volume": 152416117, "typical_volume": 214137356.05, "trend": 33.971885, "fair_value": 21.574616, "relative_strength": -4.886173, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.940378, "energy": 73.372678, "activity_lines": [ 26.475333, 28.065848, 30.3113, 31.659997 ] } ], "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." } } }