{ "ticker": { "uuid": "d56872e7-a42f-453b-ad8b-f473dfc0afaa", "symbol": "603181", "name": "Zhejiang Huangma Technology 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": -59.303, "architecture_energy": 71.605, "architecture_maturity": 13.81, "architecture_confidence": 82.654, "architecture_tenure": "New", "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": 23.69, "rotation_up": 11.26, "upward_expansion": 18.58, "deceleration": 34.26, "rotation_down": 70.06, "downward_expansion": 87.25 }, "activity_lines": [ 12.878667, 13.674727, 14.138249, 14.514668 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 13.21, "trend_reference": 15.056294, "distance_from_trend": -0.122626, "trend_direction": "Weakening", "fair_value": 12.222586, "distance_from_fair_value": 0.080786, "fair_value_direction": "Weakening", "relative_strength": -14.466586, "relative_strength_direction": "Weakening", "price_momentum": -0.209455, "excess_performance": -0.166252, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.122626, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.023204, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.080786, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.162202, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.144666, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.041505, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.209455, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.990449, "read": "Supply-led" } ], "volume": { "latest": 31621550, "relative_activity": 0.983569, "balance": 0.990449, "dry_up": 1.22754, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.103771, "annualized_volatility": 0.448027, "from_high_reference": -0.367337, "from_low_reference": 0.130993 }, "levels": { "trend_reference": 15.056294, "fair_value_reference": 12.222586, "structural_low": 11.68, "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": 20, "median_return": 0.011996, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.00822, "regime_survival": 0.65, "best_return": 0.2, "worst_return": -0.189354, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.041262, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.009339, "regime_survival": 0.125, "best_return": 0.270452, "worst_return": -0.153612, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.030202, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.071001, "regime_survival": 0.333333, "best_return": 0.527435, "worst_return": -0.320408, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.17351, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.056551, "regime_survival": 0.0, "best_return": 0.321304, "worst_return": -0.257823, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-07-05", "tenure": "New", "return": -0.076289, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2024-09-27", "tenure": "Developing", "return": 0.079121, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": 0.010358, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-10", "tenure": "Developing", "return": 0.01537, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-03-07", "tenure": "Developing", "return": 0.122088, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-11-07", "tenure": "Extended", "return": 0.453916, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": -0.113932, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": 0.121469, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": -0.00654, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-03-20", "tenure": "Developing", "return": -0.08871, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": -0.05954, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-06-19", "tenure": "Developing", "return": 0.0521, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-24", "tenure": "Developing", "return": -0.266748, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.014593, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 10.926517, "volume": 15126738, "typical_volume": 17076371.25, "trend": 12.138315, "fair_value": 13.4689, "relative_strength": -20.235154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.694869, "energy": 27.997396, "activity_lines": [ 10.86969, 10.584492, 10.598787, 11.23849 ] }, { "date": "2023-08-04", "close": 10.887772, "volume": 14671707, "typical_volume": 17540593.5, "trend": 12.041449, "fair_value": 13.472984, "relative_strength": -20.350414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.367174, "energy": 20.261447, "activity_lines": [ 10.883251, 10.673257, 10.587117, 11.15781 ] }, { "date": "2023-08-11", "close": 10.568112, "volume": 7465062, "typical_volume": 17506243.45, "trend": 11.935219, "fair_value": 13.471321, "relative_strength": -19.743533, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.315777, "energy": 15.458584, "activity_lines": [ 10.783801, 10.692982, 10.560041, 11.062756 ] }, { "date": "2023-08-18", "close": 10.422813, "volume": 7011737, "typical_volume": 16839067.65, "trend": 11.817688, "fair_value": 13.464677, "relative_strength": -18.80818, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.454793, "energy": 25.602794, "activity_lines": [ 10.650126, 10.678892, 10.53218, 10.965181 ] }, { "date": "2023-08-25", "close": 9.986916, "volume": 10200942, "typical_volume": 16254507.6, "trend": 11.664316, "fair_value": 13.456794, "relative_strength": -19.774418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.846976, "energy": 40.238624, "activity_lines": [ 10.402149, 10.571987, 10.472584, 10.847067 ] }, { "date": "2023-09-01", "close": 10.49062, "volume": 9002220, "typical_volume": 15089164.15, "trend": 11.510945, "fair_value": 13.455661, "relative_strength": -17.010849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.281513, "energy": 34.678871, "activity_lines": [ 10.379547, 10.554904, 10.47406, 10.771345 ] }, { "date": "2023-09-08", "close": 10.384067, "volume": 4343547, "typical_volume": 14141428.25, "trend": 11.369197, "fair_value": 13.449649, "relative_strength": -16.723147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.619332, "energy": 34.523514, "activity_lines": [ 10.350487, 10.504886, 10.469771, 10.698643 ] }, { "date": "2023-09-15", "close": 10.46156, "volume": 4958530, "typical_volume": 13345378.15, "trend": 11.225189, "fair_value": 13.439966, "relative_strength": -15.367109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.869155, "energy": 30.433312, "activity_lines": [ 10.380838, 10.476354, 10.474014, 10.640086 ] }, { "date": "2023-09-22", "close": 10.800591, "volume": 10837726, "typical_volume": 13336297.9, "trend": 11.09668, "fair_value": 13.424503, "relative_strength": -12.199729, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.05489, "energy": 8.091757, "activity_lines": [ 10.531303, 10.515277, 10.509947, 10.612692 ] }, { "date": "2023-09-29", "close": 10.771532, "volume": 4207000, "typical_volume": 12216499.05, "trend": 10.97818, "fair_value": 13.416984, "relative_strength": -11.024998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.556101, "energy": 7.239076, "activity_lines": [ 10.646897, 10.550501, 10.540852, 10.591715 ] }, { "date": "2023-10-13", "close": 10.684352, "volume": 5217468, "typical_volume": 11724187.9, "trend": 10.855483, "fair_value": 13.406087, "relative_strength": -10.401814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.375606, "energy": 11.624275, "activity_lines": [ 10.681123, 10.571283, 10.562624, 10.572758 ] }, { "date": "2023-10-20", "close": 10.112841, "volume": 6570324, "typical_volume": 11227973.45, "trend": 10.72439, "fair_value": 13.397508, "relative_strength": -11.510261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.28347, "energy": 13.785381, "activity_lines": [ 10.51193, 10.492557, 10.528351, 10.524846 ] }, { "date": "2023-10-27", "close": 10.829652, "volume": 10403458, "typical_volume": 10778119.5, "trend": 10.641731, "fair_value": 13.392756, "relative_strength": -5.60083, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.851004, "energy": 3.058733, "activity_lines": [ 10.599756, 10.55825, 10.563177, 10.531637 ] }, { "date": "2023-11-03", "close": 10.761845, "volume": 6533671, "typical_volume": 10184614.9, "trend": 10.58458, "fair_value": 13.383826, "relative_strength": -5.933344, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.702745, "energy": 10.435689, "activity_lines": [ 10.640439, 10.606859, 10.588362, 10.539386 ] }, { "date": "2023-11-10", "close": 11.062131, "volume": 6925479, "typical_volume": 9758428.05, "trend": 10.528721, "fair_value": 13.37414, "relative_strength": -2.962245, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.024076, "energy": 37.749134, "activity_lines": [ 10.783802, 10.703902, 10.63698, 10.570196 ] }, { "date": "2023-11-17", "close": 11.062131, "volume": 15824009, "typical_volume": 10168750.05, "trend": 10.517097, "fair_value": 13.369262, "relative_strength": -2.974749, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.965379, "energy": 54.894829, "activity_lines": [ 10.907791, 10.781395, 10.680016, 10.60461 ] }, { "date": "2023-11-24", "close": 10.849025, "volume": 7328782, "typical_volume": 9318775.1, "trend": 10.524523, "fair_value": 13.359316, "relative_strength": -3.983953, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.208201, "energy": 50.154498, "activity_lines": [ 10.935559, 10.80975, 10.696484, 10.626024 ] }, { "date": "2023-12-01", "close": 10.887772, "volume": 6300848, "typical_volume": 8722299.2, "trend": 10.542928, "fair_value": 13.344809, "relative_strength": -2.832061, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.141901, "energy": 47.101954, "activity_lines": [ 10.927164, 10.836697, 10.716364, 10.64946 ] }, { "date": "2023-12-08", "close": 10.897458, "volume": 7298727, "typical_volume": 8476867.2, "trend": 10.561978, "fair_value": 13.327642, "relative_strength": -0.296297, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.031534, "energy": 32.267097, "activity_lines": [ 10.918123, 10.857655, 10.73666, 10.672333 ] }, { "date": "2023-12-15", "close": 10.568112, "volume": 7679187, "typical_volume": 8395358.1, "trend": 10.561009, "fair_value": 13.307554, "relative_strength": -1.950904, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.200606, "energy": 12.624165, "activity_lines": [ 10.790259, 10.816971, 10.725543, 10.672728 ] }, { "date": "2023-12-22", "close": 10.548739, "volume": 5299011, "typical_volume": 7903971.75, "trend": 10.56779, "fair_value": 13.288194, "relative_strength": -0.915229, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.697098, "energy": 11.94956, "activity_lines": [ 10.688872, 10.776463, 10.713919, 10.671937 ] }, { "date": "2023-12-29", "close": 10.587486, "volume": 13075256, "typical_volume": 7824149.2, "trend": 10.577799, "fair_value": 13.271975, "relative_strength": -2.203191, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.127681, "energy": 13.699224, "activity_lines": [ 10.634627, 10.745466, 10.707785, 10.673207 ] }, { "date": "2024-01-05", "close": 10.393753, "volume": 6307979, "typical_volume": 7766295.05, "trend": 10.585549, "fair_value": 13.256047, "relative_strength": -2.214875, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.531567, "energy": 17.987396, "activity_lines": [ 10.533241, 10.670615, 10.684629, 10.661333 ] }, { "date": "2024-01-12", "close": 10.083781, "volume": 8361850, "typical_volume": 7833800.7, "trend": 10.59911, "fair_value": 13.241706, "relative_strength": -3.081038, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.275645, "energy": 33.920668, "activity_lines": [ 10.361464, 10.54733, 10.632782, 10.628961 ] }, { "date": "2024-01-19", "close": 9.57039, "volume": 9637221, "typical_volume": 7805614.65, "trend": 10.588455, "fair_value": 13.215521, "relative_strength": -5.911676, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -79.090967, "energy": 68.619953, "activity_lines": [ 10.072803, 10.343031, 10.533656, 10.562592 ] }, { "date": "2024-01-26", "close": 9.318538, "volume": 11974869, "typical_volume": 7954247.1, "trend": 10.574248, "fair_value": 13.193211, "relative_strength": -10.282408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.706272, "energy": 80.170907, "activity_lines": [ 9.766706, 10.120062, 10.412527, 10.480662 ] }, { "date": "2024-02-02", "close": 8.369248, "volume": 11871388, "typical_volume": 8330639.15, "trend": 10.493526, "fair_value": 13.163837, "relative_strength": -13.453238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.779029, "energy": 90.157843, "activity_lines": [ 9.226192, 9.756197, 10.206571, 10.338404 ] }, { "date": "2024-02-09", "close": 9.134492, "volume": 17116520, "typical_volume": 8938538.65, "trend": 10.438635, "fair_value": 13.129155, "relative_strength": -9.306462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.027436, "energy": 79.578982, "activity_lines": [ 9.088642, 9.576554, 10.083089, 10.250725 ] }, { "date": "2024-02-23", "close": 9.270104, "volume": 9168598, "typical_volume": 8855082.25, "trend": 10.384713, "fair_value": 13.091555, "relative_strength": -11.537399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.51086, "energy": 77.311561, "activity_lines": [ 9.080247, 9.453446, 9.978843, 10.175335 ] }, { "date": "2024-03-01", "close": 9.357284, "volume": 8503035, "typical_volume": 9069884.0, "trend": 10.334988, "fair_value": 13.060727, "relative_strength": -10.622374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.624533, "energy": 57.715387, "activity_lines": [ 9.155156, 9.375777, 9.890187, 10.10905 ] }, { "date": "2024-03-08", "close": 8.921386, "volume": 8702793, "typical_volume": 9244150.25, "trend": 10.26815, "fair_value": 13.02736, "relative_strength": -14.577939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.045395, "energy": 48.309648, "activity_lines": [ 9.098974, 9.240868, 9.766752, 10.01785 ] }, { "date": "2024-03-15", "close": 9.628509, "volume": 16601288, "typical_volume": 9745698.45, "trend": 10.226175, "fair_value": 12.999037, "relative_strength": -7.469329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.839036, "energy": 31.29876, "activity_lines": [ 9.304976, 9.264116, 9.719057, 9.976583 ] }, { "date": "2024-03-22", "close": 9.541331, "volume": 7774331, "typical_volume": 9614242.1, "trend": 10.191949, "fair_value": 12.970155, "relative_strength": -7.420187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.657607, "energy": 25.776277, "activity_lines": [ 9.397968, 9.288949, 9.665365, 9.932399 ] }, { "date": "2024-03-29", "close": 9.231358, "volume": 5287655, "typical_volume": 9551941.3, "trend": 10.152233, "fair_value": 12.94869, "relative_strength": -9.564392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.054071, "energy": 26.573875, "activity_lines": [ 9.360513, 9.272922, 9.588287, 9.870425 ] }, { "date": "2024-04-05", "close": 9.880362, "volume": 6907298, "typical_volume": 9551032.25, "trend": 10.148682, "fair_value": 12.935131, "relative_strength": -3.620506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.074798, "energy": 19.355858, "activity_lines": [ 9.541976, 9.390395, 9.580307, 9.852885 ] }, { "date": "2024-04-12", "close": 9.783496, "volume": 8513034, "typical_volume": 9185483.5, "trend": 10.125111, "fair_value": 12.923971, "relative_strength": -2.670204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.10631, "energy": 17.5287, "activity_lines": [ 9.656278, 9.484619, 9.568729, 9.829325 ] }, { "date": "2024-04-19", "close": 9.434777, "volume": 9707161, "typical_volume": 9304402.45, "trend": 10.093468, "fair_value": 12.907428, "relative_strength": -7.139131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.472801, "energy": 15.917066, "activity_lines": [ 9.596867, 9.506987, 9.530029, 9.784787 ] }, { "date": "2024-04-26", "close": 9.986916, "volume": 8562944, "typical_volume": 9417507.25, "trend": 10.077646, "fair_value": 12.893657, "relative_strength": -2.343913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.173678, "energy": 11.491748, "activity_lines": [ 9.734417, 9.61037, 9.550648, 9.777913 ] }, { "date": "2024-05-03", "close": 10.49062, "volume": 8155851, "typical_volume": 9460363.45, "trend": 10.067314, "fair_value": 12.881329, "relative_strength": 1.951909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.696918, "energy": 15.716937, "activity_lines": [ 10.010163, 9.789836, 9.623528, 9.804556 ] }, { "date": "2024-05-10", "close": 10.635919, "volume": 19619197, "typical_volume": 10057363.95, "trend": 10.062794, "fair_value": 12.869506, "relative_strength": 1.580592, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.101958, "energy": 42.945717, "activity_lines": [ 10.250392, 9.97353, 9.712184, 9.841241 ] }, { "date": "2024-05-17", "close": 10.509994, "volume": 12045270, "typical_volume": 10394676.9, "trend": 10.056982, "fair_value": 12.85645, "relative_strength": 0.257682, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.068792, "energy": 53.765144, "activity_lines": [ 10.398274, 10.11108, 9.788524, 9.870092 ] }, { "date": "2024-05-24", "close": 10.287201, "volume": 8817974, "typical_volume": 10181812.8, "trend": 10.062794, "fair_value": 12.842733, "relative_strength": 0.149023, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.33143, "energy": 50.743, "activity_lines": [ 10.42346, 10.179239, 9.84383, 9.884945 ] }, { "date": "2024-05-31", "close": 10.064409, "volume": 8176867, "typical_volume": 10275257.2, "trend": 10.037286, "fair_value": 12.831544, "relative_strength": -2.016808, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.423607, "energy": 33.395896, "activity_lines": [ 10.317553, 10.194914, 9.879348, 9.885049 ] }, { "date": "2024-06-07", "close": 9.589763, "volume": 11511463, "typical_volume": 10432737.85, "trend": 9.998216, "fair_value": 12.818164, "relative_strength": -5.5181, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -0.709798, "energy": 5.271291, "activity_lines": [ 10.048264, 10.114779, 9.871229, 9.856177 ] }, { "date": "2024-06-14", "close": 9.538972, "volume": 7256263, "typical_volume": 10313689.95, "trend": 9.947444, "fair_value": 12.80897, "relative_strength": -5.440455, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.574767, "energy": 15.292984, "activity_lines": [ 9.822102, 10.018893, 9.860626, 9.826548 ] }, { "date": "2024-06-21", "close": 9.194783, "volume": 8673880, "typical_volume": 10148640.5, "trend": 9.885199, "fair_value": 12.795739, "relative_strength": -7.842147, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.861404, "energy": 34.574078, "activity_lines": [ 9.554341, 9.866634, 9.817393, 9.77799 ] }, { "date": "2024-06-28", "close": 8.840758, "volume": 8919860, "typical_volume": 10001064.1, "trend": 9.818257, "fair_value": 12.780621, "relative_strength": -10.450919, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.162882, "energy": 52.561971, "activity_lines": [ 9.256252, 9.660711, 9.741032, 9.710606 ] }, { "date": "2024-07-05", "close": 8.811257, "volume": 6186716, "typical_volume": 9454573.9, "trend": 9.74904, "fair_value": 12.765613, "relative_strength": -10.189881, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.780925, "energy": 69.12404, "activity_lines": [ 9.044758, 9.460224, 9.659616, 9.645638 ] }, { "date": "2024-07-12", "close": 8.948934, "volume": 7158543, "typical_volume": 9354071.15, "trend": 9.684089, "fair_value": 12.752636, "relative_strength": -9.254407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.872336, "energy": 70.593387, "activity_lines": [ 8.962701, 9.306145, 9.592852, 9.594019 ] }, { "date": "2024-07-19", "close": 8.663748, "volume": 8791058, "typical_volume": 9368472.3, "trend": 9.62061, "fair_value": 12.741022, "relative_strength": -12.232936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.64003, "energy": 75.157596, "activity_lines": [ 8.828303, 9.128245, 9.500456, 9.52819 ] }, { "date": "2024-07-26", "close": 8.142545, "volume": 10225922, "typical_volume": 9444628.75, "trend": 9.540404, "fair_value": 12.725515, "relative_strength": -14.633723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.34731, "energy": 81.320512, "activity_lines": [ 8.578519, 8.891438, 9.361725, 9.432831 ] }, { "date": "2024-08-02", "close": 8.25072, "volume": 9160114, "typical_volume": 9072570.05, "trend": 9.462512, "fair_value": 12.703083, "relative_strength": -13.635098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.044815, "energy": 79.183161, "activity_lines": [ 8.434943, 8.717344, 9.237005, 9.349626 ] }, { "date": "2024-08-09", "close": 8.260553, "volume": 6157647, "typical_volume": 8991735.85, "trend": 9.391405, "fair_value": 12.685949, "relative_strength": -11.997537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.057301, "energy": 80.852605, "activity_lines": [ 8.333981, 8.582065, 9.119782, 9.27208 ] }, { "date": "2024-08-16", "close": 8.073708, "volume": 5381501, "typical_volume": 8996428.15, "trend": 9.324402, "fair_value": 12.665191, "relative_strength": -14.247798, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.178473, "energy": 82.781188, "activity_lines": [ 8.20745, 8.445611, 8.990863, 9.187067 ] }, { "date": "2024-08-23", "close": 8.329391, "volume": 22336678, "typical_volume": 9767897.15, "trend": 9.283036, "fair_value": 12.640285, "relative_strength": -10.547281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.441966, "energy": 60.711993, "activity_lines": [ 8.224495, 8.38321, 8.891808, 9.122873 ] }, { "date": "2024-08-30", "close": 8.673581, "volume": 20739339, "typical_volume": 10379212.4, "trend": 9.261537, "fair_value": 12.619287, "relative_strength": -6.299999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.683731, "energy": 45.052581, "activity_lines": [ 8.378561, 8.405381, 8.832918, 9.083553 ] }, { "date": "2024-09-06", "close": 8.703083, "volume": 15385823, "typical_volume": 10663145.5, "trend": 9.272665, "fair_value": 12.599117, "relative_strength": -3.319631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.671734, "energy": 33.536789, "activity_lines": [ 8.507059, 8.442393, 8.782123, 9.047524 ] }, { "date": "2024-09-13", "close": 8.073708, "volume": 15003446, "typical_volume": 10985170.6, "trend": 9.237306, "fair_value": 12.56887, "relative_strength": -8.067324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.281395, "energy": 35.798726, "activity_lines": [ 8.395607, 8.367476, 8.674872, 8.970172 ] }, { "date": "2024-09-20", "close": 8.309723, "volume": 7224431, "typical_volume": 10938599.6, "trend": 9.205293, "fair_value": 12.533923, "relative_strength": -6.347422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.741906, "energy": 30.704272, "activity_lines": [ 8.375283, 8.348881, 8.59921, 8.910328 ] }, { "date": "2024-09-27", "close": 9.65698, "volume": 17710181, "typical_volume": 10843148.8, "trend": 9.215283, "fair_value": 12.50608, "relative_strength": -3.395833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.75787, "energy": 11.249505, "activity_lines": [ 8.788311, 8.586863, 8.662242, 8.939469 ] }, { "date": "2024-10-04", "close": 10.4437, "volume": 7791095, "typical_volume": 10630440.05, "trend": 9.266027, "fair_value": 12.484854, "relative_strength": -3.138785, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.825074, "energy": 36.263391, "activity_lines": [ 9.375073, 8.949827, 8.804862, 9.018722 ] }, { "date": "2024-10-11", "close": 9.80449, "volume": 26912074, "typical_volume": 11535145.05, "trend": 9.271893, "fair_value": 12.461233, "relative_strength": -5.477111, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.874144, "energy": 36.342254, "activity_lines": [ 9.630756, 9.154731, 8.886921, 9.053461 ] }, { "date": "2024-10-18", "close": 10.551873, "volume": 24264454, "typical_volume": 12339524.4, "trend": 9.305577, "fair_value": 12.43965, "relative_strength": 0.496009, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.352513, "energy": 59.617123, "activity_lines": [ 10.062141, 9.467274, 9.042457, 9.136041 ] }, { "date": "2024-10-25", "close": 10.630546, "volume": 13016376, "typical_volume": 12414770.05, "trend": 9.352217, "fair_value": 12.424125, "relative_strength": 0.175912, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.853298, "energy": 69.407653, "activity_lines": [ 10.354538, 9.752459, 9.203165, 9.221523 ] }, { "date": "2024-11-01", "close": 10.827226, "volume": 30936507, "typical_volume": 13598782.25, "trend": 9.383779, "fair_value": 12.414241, "relative_strength": 3.064923, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.53663, "energy": 71.111031, "activity_lines": [ 10.557774, 10.026917, 9.377648, 9.316684 ] }, { "date": "2024-11-08", "close": 10.964901, "volume": 17093977, "typical_volume": 14019787.1, "trend": 9.423159, "fair_value": 12.403512, "relative_strength": -0.852629, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.501222, "energy": 70.568739, "activity_lines": [ 10.728886, 10.280992, 9.559109, 9.418692 ] }, { "date": "2024-11-15", "close": 10.551873, "volume": 11173291, "typical_volume": 14132458.65, "trend": 9.460396, "fair_value": 12.379029, "relative_strength": -0.823735, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.414334, "energy": 60.471144, "activity_lines": [ 10.727574, 10.41831, 9.692804, 9.491513 ] }, { "date": "2024-11-22", "close": 10.237185, "volume": 8406096, "typical_volume": 14243427.65, "trend": 9.468738, "fair_value": 12.347161, "relative_strength": -1.621119, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.979866, "energy": 47.96149, "activity_lines": [ 10.571541, 10.464798, 9.788381, 9.541628 ] }, { "date": "2024-11-29", "close": 12.085977, "volume": 25423956, "typical_volume": 15156698.3, "trend": 9.521917, "fair_value": 12.330846, "relative_strength": 14.031219, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.112906, "energy": 59.382932, "activity_lines": [ 11.052751, 10.808094, 10.053243, 9.710482 ] }, { "date": "2024-12-06", "close": 12.499004, "volume": 59891986, "typical_volume": 17711744.7, "trend": 9.58402, "fair_value": 12.317425, "relative_strength": 15.18324, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.490714, "energy": 68.941786, "activity_lines": [ 11.574609, 11.157826, 10.342503, 9.902552 ] }, { "date": "2024-12-13", "close": 11.899131, "volume": 25056760, "typical_volume": 18453286.6, "trend": 9.630324, "fair_value": 12.291829, "relative_strength": 10.156909, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.759159, "energy": 70.169981, "activity_lines": [ 11.785056, 11.346818, 10.556369, 10.051914 ] }, { "date": "2024-12-20", "close": 11.800791, "volume": 9334602, "typical_volume": 18462011.0, "trend": 9.680777, "fair_value": 12.263381, "relative_strength": 10.077109, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.08383, "energy": 73.640136, "activity_lines": [ 11.900442, 11.491467, 10.742981, 10.191944 ] }, { "date": "2024-12-27", "close": 11.70245, "volume": 16883568, "typical_volume": 18998307.05, "trend": 9.735378, "fair_value": 12.237697, "relative_strength": 8.246059, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.15637, "energy": 64.980752, "activity_lines": [ 11.899786, 11.58194, 10.903322, 10.322375 ] }, { "date": "2025-01-03", "close": 10.905897, "volume": 7581937, "typical_volume": 19108328.85, "trend": 9.77925, "fair_value": 12.193208, "relative_strength": 6.911272, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.818233, "energy": 41.733949, "activity_lines": [ 11.535928, 11.506665, 10.97141, 10.397892 ] }, { "date": "2025-01-10", "close": 10.394529, "volume": 10883489, "typical_volume": 18535669.4, "trend": 9.807768, "fair_value": 12.148033, "relative_strength": 3.445846, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.502043, "energy": 22.939939, "activity_lines": [ 11.080286, 11.333408, 10.977311, 10.437588 ] }, { "date": "2025-01-17", "close": 10.551873, "volume": 10430494, "typical_volume": 18020227.15, "trend": 9.853004, "fair_value": 12.111579, "relative_strength": 2.789509, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.042781, "energy": 25.531337, "activity_lines": [ 10.817391, 11.196626, 10.988362, 10.485594 ] }, { "date": "2025-01-24", "close": 10.778055, "volume": 17288529, "typical_volume": 18115362.45, "trend": 9.917581, "fair_value": 12.069912, "relative_strength": 4.685626, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.218614, "energy": 25.132729, "activity_lines": [ 10.719707, 11.108477, 11.012011, 10.545275 ] }, { "date": "2025-01-31", "close": 10.935399, "volume": 2247200, "typical_volume": 17477550.15, "trend": 9.988386, "fair_value": 12.021663, "relative_strength": 6.175475, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.91083, "energy": 21.911773, "activity_lines": [ 10.742653, 11.044824, 11.040763, 10.610941 ] }, { "date": "2025-02-07", "close": 10.935399, "volume": 10797415, "typical_volume": 17656199.35, "trend": 10.054601, "fair_value": 11.981498, "relative_strength": 4.315147, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.846817, "energy": 13.127292, "activity_lines": [ 10.816735, 10.968477, 11.055889, 10.672038 ] }, { "date": "2025-02-14", "close": 10.719051, "volume": 10136443, "typical_volume": 17277512.45, "trend": 10.123111, "fair_value": 11.939452, "relative_strength": 0.926335, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.646825, "energy": 9.949544, "activity_lines": [ 10.816735, 10.873713, 11.037907, 10.714906 ] }, { "date": "2025-02-21", "close": 10.964901, "volume": 15050295, "typical_volume": 17640472.45, "trend": 10.21719, "fair_value": 11.907065, "relative_strength": 2.152614, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.844188, "energy": 14.440231, "activity_lines": [ 10.877051, 10.856012, 11.038281, 10.769215 ] }, { "date": "2025-02-28", "close": 11.269755, "volume": 22971244, "typical_volume": 17443430.95, "trend": 10.317824, "fair_value": 11.876386, "relative_strength": 6.638096, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.672824, "energy": 21.433874, "activity_lines": [ 11.011449, 10.910725, 11.065208, 10.837123 ] }, { "date": "2025-03-07", "close": 11.840126, "volume": 52556621, "typical_volume": 18858039.3, "trend": 10.437144, "fair_value": 11.857446, "relative_strength": 9.932819, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.105983, "energy": 41.546333, "activity_lines": [ 11.30319, 11.078796, 11.139478, 10.935336 ] }, { "date": "2025-03-14", "close": 11.623778, "volume": 23384386, "typical_volume": 19376439.8, "trend": 10.555479, "fair_value": 11.830948, "relative_strength": 6.282064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.755264, "energy": 58.146175, "activity_lines": [ 11.462501, 11.205029, 11.187009, 11.011893 ] }, { "date": "2025-03-21", "close": 12.371162, "volume": 37909088, "typical_volume": 19725068.85, "trend": 10.690205, "fair_value": 11.809304, "relative_strength": 14.579307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.895005, "energy": 78.298246, "activity_lines": [ 11.825047, 11.454097, 11.300989, 11.129034 ] }, { "date": "2025-03-28", "close": 12.980869, "volume": 97355195, "typical_volume": 23738129.75, "trend": 10.833781, "fair_value": 11.795146, "relative_strength": 20.108316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.002694, "energy": 82.31245, "activity_lines": [ 12.280689, 11.778083, 11.465685, 11.276818 ] }, { "date": "2025-04-04", "close": 11.977802, "volume": 49064550, "typical_volume": 25632692.7, "trend": 10.942938, "fair_value": 11.779927, "relative_strength": 10.894273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.06905, "energy": 69.275608, "activity_lines": [ 12.267577, 11.875529, 11.525251, 11.350626 ] }, { "date": "2025-04-11", "close": 11.27959, "volume": 47971031, "typical_volume": 27610939.45, "trend": 11.049801, "fair_value": 11.765539, "relative_strength": 7.62116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.367506, "energy": 38.32706, "activity_lines": [ 11.974524, 11.824213, 11.51153, 11.372346 ] }, { "date": "2025-04-18", "close": 11.594276, "volume": 29687049, "typical_volume": 27824094.1, "trend": 11.159286, "fair_value": 11.752674, "relative_strength": 9.025534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.751579, "energy": 25.145816, "activity_lines": [ 11.823736, 11.823856, 11.522816, 11.407473 ] }, { "date": "2025-04-25", "close": 11.918798, "volume": 24187124, "typical_volume": 26038851.0, "trend": 11.23468, "fair_value": 11.737015, "relative_strength": 11.200821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.559443, "energy": 18.029367, "activity_lines": [ 11.783089, 11.870522, 11.56735, 11.456474 ] }, { "date": "2025-05-02", "close": 11.869628, "volume": 17542430, "typical_volume": 25663134.5, "trend": 11.282211, "fair_value": 11.723077, "relative_strength": 11.125056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.449721, "energy": 17.540524, "activity_lines": [ 11.756209, 11.886435, 11.609964, 11.497438 ] }, { "date": "2025-05-09", "close": 11.977802, "volume": 34433722, "typical_volume": 26918090.5, "trend": 11.354655, "fair_value": 11.716188, "relative_strength": 9.887165, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.563475, "energy": 18.631162, "activity_lines": [ 11.839471, 11.905567, 11.663021, 11.542315 ] }, { "date": "2025-05-16", "close": 12.174482, "volume": 45211877, "typical_volume": 28334505.95, "trend": 11.408742, "fair_value": 11.707845, "relative_strength": 10.662296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.658332, "energy": 27.282708, "activity_lines": [ 11.988292, 11.947585, 11.733966, 11.595207 ] }, { "date": "2025-05-23", "close": 12.24332, "volume": 42367723, "typical_volume": 30073795.25, "trend": 11.462501, "fair_value": 11.693217, "relative_strength": 11.708068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.65897, "energy": 29.515246, "activity_lines": [ 12.100399, 11.99604, 11.809219, 11.649051 ] }, { "date": "2025-05-30", "close": 12.302324, "volume": 43347018, "typical_volume": 31696971.7, "trend": 11.511671, "fair_value": 11.675697, "relative_strength": 12.00325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.914902, "energy": 33.90994, "activity_lines": [ 12.188905, 12.043958, 11.883724, 11.703233 ] }, { "date": "2025-06-06", "close": 12.528505, "volume": 25038765, "typical_volume": 32427385.25, "trend": 11.563791, "fair_value": 11.658516, "relative_strength": 12.418878, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.432439, "energy": 41.987725, "activity_lines": [ 12.327236, 12.134252, 11.970684, 11.768835 ] }, { "date": "2025-06-13", "close": 11.95, "volume": 27967492, "typical_volume": 32961333.4, "trend": 11.610395, "fair_value": 11.632691, "relative_strength": 7.247087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.873358, "energy": 29.323204, "activity_lines": [ 12.228808, 12.127588, 11.993136, 11.793752 ] }, { "date": "2025-06-20", "close": 11.65, "volume": 23034679, "typical_volume": 34000707.35, "trend": 11.657489, "fair_value": 11.607719, "relative_strength": 4.842099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.532365, "energy": 16.152455, "activity_lines": [ 12.032232, 12.066884, 11.981437, 11.796307 ] }, { "date": "2025-06-27", "close": 12.98, "volume": 44999034, "typical_volume": 35710788.3, "trend": 11.68729, "fair_value": 11.589422, "relative_strength": 14.078431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.207919, "energy": 33.49367, "activity_lines": [ 12.313956, 12.241263, 12.093001, 11.88163 ] }, { "date": "2025-07-04", "close": 13.0, "volume": 59767228, "typical_volume": 38192327.55, "trend": 11.70399, "fair_value": 11.572919, "relative_strength": 12.180323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.769506, "energy": 42.018081, "activity_lines": [ 12.553234, 12.394084, 12.196733, 11.966321 ] }, { "date": "2025-07-11", "close": 12.79, "volume": 36116909, "typical_volume": 39245658.25, "trend": 11.733685, "fair_value": 11.556674, "relative_strength": 8.781751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.423029, "energy": 57.220275, "activity_lines": [ 12.676, 12.489064, 12.269604, 12.036386 ] }, { "date": "2025-07-18", "close": 13.23, "volume": 67662568, "typical_volume": 41480224.45, "trend": 11.781326, "fair_value": 11.545733, "relative_strength": 11.215115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.349637, "energy": 69.969725, "activity_lines": [ 12.928, 12.647311, 12.375689, 12.132923 ] }, { "date": "2025-07-25", "close": 13.24, "volume": 79552135, "typical_volume": 42830000.15, "trend": 11.832577, "fair_value": 11.537651, "relative_strength": 8.926539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.29763, "energy": 66.485581, "activity_lines": [ 13.098, 12.784609, 12.473391, 12.227031 ] }, { "date": "2025-08-01", "close": 13.32, "volume": 41136113, "typical_volume": 43717586.5, "trend": 11.913047, "fair_value": 11.523561, "relative_strength": 10.057892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.737629, "energy": 60.880285, "activity_lines": [ 13.188667, 12.917079, 12.572047, 12.322994 ] }, { "date": "2025-08-08", "close": 15.52, "volume": 168889587, "typical_volume": 50266611.45, "trend": 12.083896, "fair_value": 11.530404, "relative_strength": 24.608572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.311225, "energy": 81.544247, "activity_lines": [ 13.99, 13.429973, 12.872149, 12.5557 ] }, { "date": "2025-08-15", "close": 15.69, "volume": 135914742, "typical_volume": 52194588.8, "trend": 12.255167, "fair_value": 11.535171, "relative_strength": 22.879529, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.330695, "energy": 87.212646, "activity_lines": [ 14.68, 13.915273, 13.173447, 12.788352 ] }, { "date": "2025-08-22", "close": 15.1, "volume": 66457893, "typical_volume": 53064255.95, "trend": 12.399232, "fair_value": 11.531994, "relative_strength": 13.620814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.11951, "energy": 84.495349, "activity_lines": [ 14.98, 14.235818, 13.405654, 12.97189 ] }, { "date": "2025-08-29", "close": 17.1, "volume": 223378059, "typical_volume": 61834607.35, "trend": 12.604719, "fair_value": 11.540459, "relative_strength": 26.629141, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.360531, "energy": 90.735037, "activity_lines": [ 15.822, 14.862727, 13.81347, 13.275165 ] }, { "date": "2025-09-05", "close": 16.25, "volume": 120791391, "typical_volume": 66389824.45, "trend": 12.781872, "fair_value": 11.536769, "relative_strength": 21.026298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.035712, "energy": 78.282676, "activity_lines": [ 16.123333, 15.236, 14.112617, 13.510344 ] }, { "date": "2025-09-12", "close": 17.059999, "volume": 105627209, "typical_volume": 70461828.7, "trend": 12.993237, "fair_value": 11.545474, "relative_strength": 24.188079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.556043, "energy": 66.457425, "activity_lines": [ 16.499333, 15.697091, 14.466736, 13.786352 ] }, { "date": "2025-09-19", "close": 16.91, "volume": 96516706, "typical_volume": 74410542.5, "trend": 13.191407, "fair_value": 11.548436, "relative_strength": 23.791159, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.197053, "energy": 61.333346, "activity_lines": [ 16.722666, 16.057091, 14.782088, 14.039047 ] }, { "date": "2025-09-26", "close": 17.41, "volume": 119115931, "typical_volume": 78644652.95, "trend": 13.396082, "fair_value": 11.553237, "relative_strength": 26.2205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.683695, "energy": 61.165153, "activity_lines": [ 17.031333, 16.433091, 15.121058, 14.311214 ] }, { "date": "2025-10-03", "close": 18.870001, "volume": 51865627, "typical_volume": 78977340.45, "trend": 13.630411, "fair_value": 11.561126, "relative_strength": 33.645227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.744037, "energy": 67.25542, "activity_lines": [ 17.672667, 16.998546, 15.573207, 14.66437 ] }, { "date": "2025-10-10", "close": 19.84, "volume": 78423398, "typical_volume": 80780124.2, "trend": 13.904285, "fair_value": 11.582436, "relative_strength": 38.504137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.258813, "energy": 74.76627, "activity_lines": [ 18.519334, 17.638, 16.085854, 15.064989 ] }, { "date": "2025-10-17", "close": 17.43, "volume": 118035472, "typical_volume": 84514546.9, "trend": 14.072913, "fair_value": 11.594195, "relative_strength": 22.657861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.576277, "energy": 56.082891, "activity_lines": [ 18.323334, 17.720727, 16.332802, 15.292454 ] }, { "date": "2025-10-24", "close": 17.059999, "volume": 78647309, "typical_volume": 87194974.1, "trend": 14.208884, "fair_value": 11.607123, "relative_strength": 16.032737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.867951, "energy": 48.818812, "activity_lines": [ 17.979333, 17.701454, 16.520095, 15.48517 ] }, { "date": "2025-10-31", "close": 18.219999, "volume": 82580709, "typical_volume": 89925634.95, "trend": 14.416957, "fair_value": 11.623015, "relative_strength": 22.957452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.912699, "energy": 43.673935, "activity_lines": [ 18.011999, 17.868182, 16.796286, 15.743951 ] }, { "date": "2025-11-07", "close": 16.9, "volume": 121225398, "typical_volume": 94835170.9, "trend": 14.604304, "fair_value": 11.635103, "relative_strength": 12.223724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.984014, "energy": 26.172791, "activity_lines": [ 17.550666, 17.738182, 16.916905, 15.904147 ] }, { "date": "2025-11-14", "close": 16.15, "volume": 61303795, "typical_volume": 95650408.95, "trend": 14.756162, "fair_value": 11.647661, "relative_strength": 6.953256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.736275, "energy": 20.46651, "activity_lines": [ 16.970666, 17.475454, 16.941095, 16.00387 ] }, { "date": "2025-11-21", "close": 14.34, "volume": 106118362, "typical_volume": 97967965.65, "trend": 14.836869, "fair_value": 11.649424, "relative_strength": -1.483603, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.158913, "energy": 13.665613, "activity_lines": [ 16.033333, 16.885454, 16.777809, 15.977021 ] }, { "date": "2025-11-28", "close": 14.7, "volume": 46834450, "typical_volume": 98503842.7, "trend": 14.931214, "fair_value": 11.65542, "relative_strength": -0.479259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.164738, "energy": 22.631156, "activity_lines": [ 15.422, 16.410363, 16.642428, 15.96819 ] }, { "date": "2025-12-05", "close": 14.31, "volume": 35501637, "typical_volume": 96895796.15, "trend": 15.008954, "fair_value": 11.655624, "relative_strength": -3.469863, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.542106, "energy": 36.420086, "activity_lines": [ 14.838, 15.904545, 16.460809, 15.928112 ] }, { "date": "2025-12-12", "close": 14.16, "volume": 34861011, "typical_volume": 94661239.95, "trend": 15.075138, "fair_value": 11.657475, "relative_strength": -4.215392, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.314309, "energy": 52.356305, "activity_lines": [ 14.464667, 15.427818, 16.259762, 15.873341 ] }, { "date": "2025-12-19", "close": 14.38, "volume": 33537786, "typical_volume": 94281323.6, "trend": 15.146361, "fair_value": 11.658377, "relative_strength": -2.849391, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.514022, "energy": 53.660127, "activity_lines": [ 14.347333, 15.076727, 16.075286, 15.828493 ] }, { "date": "2025-12-26", "close": 14.54, "volume": 35565754, "typical_volume": 87615131.95, "trend": 15.22095, "fair_value": 11.666017, "relative_strength": -3.6936, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.737417, "energy": 44.384286, "activity_lines": [ 14.401333, 14.854, 15.901, 15.789373 ] }, { "date": "2026-01-02", "close": 14.29, "volume": 25502859, "typical_volume": 82094537.8, "trend": 15.279667, "fair_value": 11.671185, "relative_strength": -5.570109, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.3909, "energy": 35.242993, "activity_lines": [ 14.358667, 14.638364, 15.707571, 15.729312 ] }, { "date": "2026-01-09", "close": 15.61, "volume": 82669251, "typical_volume": 82905105.7, "trend": 15.401667, "fair_value": 11.691459, "relative_strength": -0.896128, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.241721, "energy": 19.256803, "activity_lines": [ 14.783333, 14.713091, 15.646524, 15.750624 ] }, { "date": "2026-01-16", "close": 15.88, "volume": 81606811, "typical_volume": 75816543.3, "trend": 15.542667, "fair_value": 11.704832, "relative_strength": 0.959954, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.446234, "energy": 10.486844, "activity_lines": [ 15.211333, 14.884364, 15.608762, 15.781484 ] }, { "date": "2026-01-23", "close": 16.82, "volume": 57761172, "typical_volume": 72665032.35, "trend": 15.670667, "fair_value": 11.724479, "relative_strength": 5.651709, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.113968, "energy": 23.134447, "activity_lines": [ 15.838, 15.245091, 15.666333, 15.863892 ] }, { "date": "2026-01-30", "close": 16.709999, "volume": 62563375, "typical_volume": 70511840.65, "trend": 15.794333, "fair_value": 11.74218, "relative_strength": 5.060907, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.013183, "energy": 30.425793, "activity_lines": [ 16.265333, 15.573636, 15.710714, 15.930946 ] }, { "date": "2026-02-06", "close": 16.120001, "volume": 48568430, "typical_volume": 68114426.85, "trend": 15.905333, "fair_value": 11.752, "relative_strength": 2.323171, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.674987, "energy": 30.858141, "activity_lines": [ 16.351333, 15.751818, 15.700571, 15.951957 ] }, { "date": "2026-02-13", "close": 16.66, "volume": 52568815, "typical_volume": 64787071.05, "trend": 16.019667, "fair_value": 11.762052, "relative_strength": 4.866517, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.942007, "energy": 30.667023, "activity_lines": [ 16.495333, 16.002364, 15.745619, 16.000645 ] }, { "date": "2026-02-27", "close": 17.59, "volume": 52027845, "typical_volume": 64795181.95, "trend": 16.164667, "fair_value": 11.780985, "relative_strength": 8.047657, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.207652, "energy": 54.954124, "activity_lines": [ 16.879333, 16.379273, 15.882809, 16.101957 ] }, { "date": "2026-03-06", "close": 17.26, "volume": 50918928, "typical_volume": 63419958.45, "trend": 16.296, "fair_value": 11.796871, "relative_strength": 6.600247, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.389393, "energy": 47.945352, "activity_lines": [ 17.039333, 16.633818, 15.994667, 16.172624 ] }, { "date": "2026-03-13", "close": 16.540001, "volume": 39579726, "typical_volume": 59497171.15, "trend": 16.33, "fair_value": 11.808949, "relative_strength": 2.605124, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.592639, "energy": 37.022611, "activity_lines": [ 16.93, 16.705091, 16.050238, 16.188366 ] }, { "date": "2026-03-20", "close": 14.69, "volume": 35501453, "typical_volume": 57339878.35, "trend": 16.296667, "fair_value": 11.811279, "relative_strength": -5.828195, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -21.319867, "energy": 13.393612, "activity_lines": [ 16.215334, 16.403637, 15.933857, 16.082559 ] }, { "date": "2026-03-27", "close": 14.77, "volume": 37445106, "typical_volume": 55083098.2, "trend": 16.285667, "fair_value": 11.813873, "relative_strength": -4.312507, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.966096, "energy": 29.200178, "activity_lines": [ 15.622667, 16.109455, 15.836381, 15.984065 ] }, { "date": "2026-04-03", "close": 13.890598, "volume": 22541846, "typical_volume": 50148920.6, "trend": 16.178687, "fair_value": 11.81288, "relative_strength": -9.099758, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.440094, "energy": 48.349716, "activity_lines": [ 14.862866, 15.670654, 15.671581, 15.829544 ] }, { "date": "2026-04-10", "close": 14.627892, "volume": 18189567, "typical_volume": 47993209.2, "trend": 16.124616, "fair_value": 11.821331, "relative_strength": -6.862385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.898991, "energy": 47.075403, "activity_lines": [ 14.595457, 15.402078, 15.59133, 15.729493 ] }, { "date": "2026-04-17", "close": 14.765519, "volume": 16796403, "typical_volume": 43527111.25, "trend": 16.048134, "fair_value": 11.836005, "relative_strength": -7.571822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.428875, "energy": 61.386898, "activity_lines": [ 14.549397, 15.198382, 15.531434, 15.641809 ] }, { "date": "2026-04-24", "close": 15.47332, "volume": 36806236, "typical_volume": 43025700.55, "trend": 16.000244, "fair_value": 11.85354, "relative_strength": -3.936283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.509212, "energy": 45.173337, "activity_lines": [ 14.85757, 15.158731, 15.536921, 15.604724 ] }, { "date": "2026-05-01", "close": 14.922809, "volume": 26961331, "typical_volume": 42598685.25, "trend": 15.917338, "fair_value": 11.876052, "relative_strength": -8.086112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.064702, "energy": 27.958863, "activity_lines": [ 14.930018, 15.030745, 15.486297, 15.535212 ] }, { "date": "2026-05-08", "close": 14.795012, "volume": 21596886, "typical_volume": 41935479.0, "trend": 15.781505, "fair_value": 11.902775, "relative_strength": -10.316124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.324908, "energy": 22.652822, "activity_lines": [ 14.949679, 14.911108, 15.420583, 15.462804 ] }, { "date": "2026-05-15", "close": 14.844164, "volume": 43863455, "typical_volume": 42451762.45, "trend": 15.614977, "fair_value": 11.931676, "relative_strength": -9.050957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.294863, "energy": 20.415892, "activity_lines": [ 14.92543, 14.851226, 15.356527, 15.402331 ] }, { "date": "2026-05-22", "close": 14.991622, "volume": 47856547, "typical_volume": 43066302.1, "trend": 15.533698, "fair_value": 11.961584, "relative_strength": -7.658585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.466223, "energy": 22.119552, "activity_lines": [ 14.935916, 14.862079, 15.304303, 15.362114 ] }, { "date": "2026-05-29", "close": 13.467883, "volume": 35270097, "typical_volume": 43554664.0, "trend": 15.413961, "fair_value": 11.979986, "relative_strength": -15.998538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.088177, "energy": 49.744327, "activity_lines": [ 14.423415, 14.62404, 15.104812, 15.228836 ] }, { "date": "2026-06-05", "close": 13.5, "volume": 7525637, "typical_volume": 39797483.3, "trend": 15.256627, "fair_value": 12.000209, "relative_strength": -14.810165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.166044, "energy": 60.982631, "activity_lines": [ 14.055316, 14.414062, 14.912293, 15.105354 ] }, { "date": "2026-06-12", "close": 15.39, "volume": 19313840, "typical_volume": 36682834.75, "trend": 15.206294, "fair_value": 12.032919, "relative_strength": -3.02985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.930512, "energy": 34.413491, "activity_lines": [ 14.41207, 14.570811, 14.909823, 15.113959 ] }, { "date": "2026-06-19", "close": 15.39, "volume": 65658109, "typical_volume": 37077681.6, "trend": 15.180961, "fair_value": 12.066436, "relative_strength": -4.53211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.518538, "energy": 20.424921, "activity_lines": [ 14.729159, 14.700298, 14.909686, 15.125811 ] }, { "date": "2026-06-26", "close": 16.42, "volume": 11277138, "typical_volume": 34513369.75, "trend": 15.250294, "fair_value": 12.109661, "relative_strength": 3.149133, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.150892, "energy": 15.982616, "activity_lines": [ 15.353192, 15.003201, 15.014453, 15.205749 ] }, { "date": "2026-07-03", "close": 15.89, "volume": 12573633, "typical_volume": 32713629.9, "trend": 15.289961, "fair_value": 12.148122, "relative_strength": -0.65177, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.41396, "energy": 26.888807, "activity_lines": [ 15.705333, 15.179659, 15.070125, 15.24702 ] }, { "date": "2026-07-10", "close": 13.87, "volume": 61459595, "typical_volume": 33158168.9, "trend": 15.275294, "fair_value": 12.174566, "relative_strength": -12.1343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.702492, "energy": 19.552512, "activity_lines": [ 15.222667, 14.981268, 14.934512, 15.15541 ] }, { "date": "2026-07-17", "close": 12.53, "volume": 46446696, "typical_volume": 32879111.45, "trend": 15.220961, "fair_value": 12.185714, "relative_strength": -15.601266, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.832653, "energy": 39.489815, "activity_lines": [ 14.268667, 14.558383, 14.684565, 14.978294 ] }, { "date": "2026-07-24", "close": 12.04, "volume": 43702806, "typical_volume": 32518305.35, "trend": 15.142961, "fair_value": 12.193783, "relative_strength": -19.736272, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.398952, "energy": 72.41304, "activity_lines": [ 13.342, 14.087589, 14.412047, 14.773071 ] }, { "date": "2026-07-31", "close": 13.02, "volume": 36089676, "typical_volume": 32343802.85, "trend": 15.092294, "fair_value": 12.207451, "relative_strength": -13.490988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.270893, "energy": 70.844591, "activity_lines": [ 12.965333, 13.845962, 14.257719, 14.636106 ] }, { "date": "2026-08-07", "close": 13.21, "volume": 31621550, "typical_volume": 32149807.7, "trend": 15.056294, "fair_value": 12.222586, "relative_strength": -14.466586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.30252, "energy": 71.604667, "activity_lines": [ 12.878667, 13.674727, 14.138249, 14.514668 ] } ], "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." } } }