{ "ticker": { "uuid": "d698a28c-5ed3-4332-8eb7-18bf737bf804", "symbol": "4925", "name": "JMicron Technology Corp.", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 78.431, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -20.203, "architecture_energy": 41.315, "architecture_maturity": 3.042, "architecture_confidence": 57.442, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 42.92, "rotation_up": 15.37, "upward_expansion": 23.2, "deceleration": 51.26, "rotation_down": 60.72, "downward_expansion": 50.54 }, "activity_lines": [ 110.633333, 119.863636, 132.607143, 128.610323 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 118.0, "trend_reference": 116.483333, "distance_from_trend": 0.01302, "trend_direction": "Improving", "fair_value": 63.211331, "distance_from_fair_value": 0.866754, "fair_value_direction": "Weakening", "relative_strength": 11.514729, "relative_strength_direction": "Weakening", "price_momentum": 0.993243, "excess_performance": 0.551871, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.01302, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.339582, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.866754, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.187003, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.115147, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -1.2111, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.993243, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.264674, "read": "Supply-led" } ], "volume": { "latest": 942641, "relative_activity": 0.331305, "balance": 0.264674, "dry_up": 0.416159, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.245437, "annualized_volatility": 1.066318, "from_high_reference": -0.481319, "from_low_reference": 2.9399 }, "levels": { "trend_reference": 116.483333, "fair_value_reference": 63.211331, "structural_low": 58.0, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.047959, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.041757, "regime_survival": 0.25, "best_return": 0.055866, "worst_return": -0.108271, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.184962, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.229057, "regime_survival": 0.0, "best_return": 0.142458, "worst_return": -0.302083, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.231579, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.333859, "regime_survival": 0.0, "best_return": -0.105723, "worst_return": -0.495833, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.540677, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.412368, "regime_survival": 0.333333, "best_return": -0.060154, "worst_return": -0.662879, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-15", "end": "2024-01-12", "tenure": "Developing", "return": -0.020725, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-19", "end": "2024-04-19", "tenure": "Established", "return": -0.071429, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-26", "end": "2024-05-03", "tenure": "New", "return": -0.007519, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-10", "end": "2024-09-27", "tenure": "Established", "return": -0.191456, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-04", "end": "2024-10-11", "tenure": "New", "return": 0.141414, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-18", "end": "2024-10-25", "tenure": "New", "return": -0.017308, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-15", "tenure": "New", "return": -0.034375, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-07-11", "tenure": "Extended", "return": -0.387778, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-09-05", "tenure": "Developing", "return": 0.099573, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-11-14", "tenure": "Developing", "return": -0.111111, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2026-01-09", "tenure": "Developing", "return": 0.187335, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-06-12", "tenure": "Established", "return": 2.074597, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.28866, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-14", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 77.972511, "volume": 526236, "typical_volume": 534598.8, "trend": 79.218107, "fair_value": 119.510661, "relative_strength": -7.400262, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.827817, "energy": 13.962551, "activity_lines": [ 81.516416, 81.383861, 79.08967, 78.906681 ] }, { "date": "2023-08-18", "close": 74.343597, "volume": 234404, "typical_volume": 514834.25, "trend": 79.015411, "fair_value": 119.755506, "relative_strength": -10.139386, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.31263, "energy": 9.946072, "activity_lines": [ 78.691751, 80.278247, 78.782357, 78.592196 ] }, { "date": "2023-08-25", "close": 74.833992, "volume": 248966, "typical_volume": 514208.4, "trend": 78.933679, "fair_value": 119.981808, "relative_strength": -9.669271, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.974304, "energy": 20.154713, "activity_lines": [ 76.828258, 79.331343, 78.532023, 78.322427 ] }, { "date": "2023-09-01", "close": 76.501328, "volume": 274101, "typical_volume": 510178.3, "trend": 78.711367, "fair_value": 120.231248, "relative_strength": -8.127388, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.420365, "energy": 20.5653, "activity_lines": [ 76.069783, 78.732171, 78.468973, 78.165502 ] }, { "date": "2023-09-08", "close": 74.932068, "volume": 176600, "typical_volume": 493293.55, "trend": 78.60675, "fair_value": 120.46581, "relative_strength": -9.117726, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.825929, "energy": 37.158518, "activity_lines": [ 75.455156, 77.826281, 78.261139, 77.921676 ] }, { "date": "2023-09-15", "close": 74.245522, "volume": 694377, "typical_volume": 510597.5, "trend": 78.302706, "fair_value": 120.678702, "relative_strength": -11.390592, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.571972, "energy": 39.585623, "activity_lines": [ 74.964763, 76.75455, 77.972041, 77.640306 ] }, { "date": "2023-09-22", "close": 71.793556, "volume": 492010, "typical_volume": 517766.55, "trend": 77.675003, "fair_value": 120.897964, "relative_strength": -10.913254, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.664517, "energy": 39.561559, "activity_lines": [ 73.905515, 75.463479, 77.427471, 77.220361 ] }, { "date": "2023-09-29", "close": 71.597397, "volume": 136832, "typical_volume": 512507.4, "trend": 77.129032, "fair_value": 121.119181, "relative_strength": -10.765036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.084517, "energy": 42.856516, "activity_lines": [ 72.950883, 74.400663, 76.856747, 76.828257 ] }, { "date": "2023-10-06", "close": 67.183861, "volume": 558657, "typical_volume": 507330.75, "trend": 76.596138, "fair_value": 121.285602, "relative_strength": -16.726576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.293263, "energy": 65.302268, "activity_lines": [ 70.740845, 72.744026, 75.856345, 76.186633 ] }, { "date": "2023-10-13", "close": 64.731895, "volume": 612128, "typical_volume": 496827.8, "trend": 76.076321, "fair_value": 121.466022, "relative_strength": -20.83728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.636988, "energy": 77.067252, "activity_lines": [ 68.33465, 70.992877, 74.679869, 75.421198 ] }, { "date": "2023-10-20", "close": 67.281937, "volume": 150856, "typical_volume": 488513.0, "trend": 75.628429, "fair_value": 121.656363, "relative_strength": -15.915604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.129228, "energy": 73.128235, "activity_lines": [ 67.45848, 69.987125, 73.808837, 74.853819 ] }, { "date": "2023-10-27", "close": 67.0, "volume": 220988, "typical_volume": 472487.85, "trend": 75.311718, "fair_value": 121.844897, "relative_strength": -14.27184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.860258, "energy": 75.057911, "activity_lines": [ 66.95257, 69.124486, 72.943647, 74.297146 ] }, { "date": "2023-11-03", "close": 62.799999, "volume": 311037, "typical_volume": 459371.75, "trend": 74.711158, "fair_value": 121.943377, "relative_strength": -21.06039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.403078, "energy": 82.549661, "activity_lines": [ 65.36623, 67.63173, 71.731641, 73.489938 ] }, { "date": "2023-11-10", "close": 63.0, "volume": 521549, "typical_volume": 478739.55, "trend": 74.228421, "fair_value": 122.028024, "relative_strength": -21.205567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.86854, "energy": 78.104247, "activity_lines": [ 64.433051, 66.394138, 70.607664, 72.73438 ] }, { "date": "2023-11-17", "close": 64.800003, "volume": 762650, "typical_volume": 506376.5, "trend": 74.001841, "fair_value": 122.130861, "relative_strength": -21.077562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.044267, "energy": 66.526429, "activity_lines": [ 64.378797, 65.729298, 69.713803, 72.126095 ] }, { "date": "2023-11-24", "close": 78.0, "volume": 1571098, "typical_volume": 492513.35, "trend": 74.280647, "fair_value": 122.320126, "relative_strength": -5.075696, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.102263, "energy": 20.27448, "activity_lines": [ 68.720001, 67.648677, 70.11459, 72.38404 ] }, { "date": "2023-12-01", "close": 80.0, "volume": 1272851, "typical_volume": 500968.6, "trend": 74.606504, "fair_value": 122.499239, "relative_strength": -3.206966, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.750688, "energy": 14.1122, "activity_lines": [ 73.013334, 69.863429, 70.74729, 72.753031 ] }, { "date": "2023-12-08", "close": 79.300003, "volume": 392513, "typical_volume": 506151.65, "trend": 74.928643, "fair_value": 122.544493, "relative_strength": -3.444061, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.647865, "energy": 31.78246, "activity_lines": [ 76.206668, 71.8017, 71.343366, 73.055837 ] }, { "date": "2023-12-15", "close": 77.199997, "volume": 409648, "typical_volume": 504007.1, "trend": 74.860392, "fair_value": 122.5648, "relative_strength": -7.144262, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.400779, "energy": 34.385945, "activity_lines": [ 77.6, 73.218105, 71.757407, 73.202376 ] }, { "date": "2023-12-22", "close": 76.400002, "volume": 311415, "typical_volume": 493945.8, "trend": 74.811245, "fair_value": 122.516501, "relative_strength": -7.353231, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.642473, "energy": 35.248616, "activity_lines": [ 77.78, 74.306945, 72.13957, 73.301706 ] }, { "date": "2023-12-29", "close": 80.300003, "volume": 638403, "typical_volume": 499554.15, "trend": 75.01633, "fair_value": 122.547611, "relative_strength": -4.194589, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.042919, "energy": 42.771638, "activity_lines": [ 78.486668, 75.892728, 72.91139, 73.655819 ] }, { "date": "2024-01-05", "close": 77.300003, "volume": 630004, "typical_volume": 519334.15, "trend": 74.987375, "fair_value": 122.578835, "relative_strength": -5.547461, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.115282, "energy": 23.923863, "activity_lines": [ 78.040002, 76.696365, 73.386414, 73.803153 ] }, { "date": "2024-01-12", "close": 75.599998, "volume": 507614, "typical_volume": 532266.55, "trend": 74.931176, "fair_value": 122.596744, "relative_strength": -7.272654, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.624296, "energy": 17.364976, "activity_lines": [ 77.206667, 77.003637, 73.685454, 73.842677 ] }, { "date": "2024-01-19", "close": 70.0, "volume": 782920, "typical_volume": 557707.5, "trend": 74.753696, "fair_value": 122.604146, "relative_strength": -14.442243, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.085068, "energy": 9.606797, "activity_lines": [ 74.753334, 76.060001, 73.447513, 73.524537 ] }, { "date": "2024-01-26", "close": 67.5, "volume": 1005785, "typical_volume": 599166.75, "trend": 74.581154, "fair_value": 122.498796, "relative_strength": -18.452448, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.235329, "energy": 29.318093, "activity_lines": [ 71.946667, 74.534546, 73.002436, 73.056556 ] }, { "date": "2024-02-02", "close": 69.800003, "volume": 1593266, "typical_volume": 644111.2, "trend": 74.017771, "fair_value": 122.444462, "relative_strength": -15.458798, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.970642, "energy": 26.51647, "activity_lines": [ 70.500001, 73.378183, 72.811797, 72.748095 ] }, { "date": "2024-02-09", "close": 69.0, "volume": 144982, "typical_volume": 626759.8, "trend": 73.440798, "fair_value": 122.395277, "relative_strength": -16.172986, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.787623, "energy": 33.571672, "activity_lines": [ 69.486667, 72.225455, 72.566137, 72.424368 ] }, { "date": "2024-02-16", "close": 68.099998, "volume": 264589, "typical_volume": 633147.65, "trend": 72.941711, "fair_value": 122.349391, "relative_strength": -18.947899, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.049572, "energy": 39.280536, "activity_lines": [ 68.726667, 71.109091, 72.248065, 72.0798 ] }, { "date": "2024-02-23", "close": 82.199997, "volume": 1991065, "typical_volume": 704768.05, "trend": 72.7982, "fair_value": 122.332831, "relative_strength": -3.009477, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.001138, "energy": 7.837801, "activity_lines": [ 73.166666, 72.76, 73.289504, 72.677109 ] }, { "date": "2024-03-01", "close": 75.800003, "volume": 1032742, "typical_volume": 725798.75, "trend": 72.650589, "fair_value": 121.914938, "relative_strength": -10.152747, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.039201, "energy": 19.597473, "activity_lines": [ 74.66, 73.156364, 73.649914, 72.870774 ] }, { "date": "2024-03-08", "close": 75.300003, "volume": 794191, "typical_volume": 757965.5, "trend": 72.561506, "fair_value": 121.448499, "relative_strength": -14.001425, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.07961, "energy": 24.700294, "activity_lines": [ 75.433334, 73.472728, 73.910001, 73.041704 ] }, { "date": "2024-03-15", "close": 70.400002, "volume": 572857, "typical_volume": 775558.95, "trend": 72.430052, "fair_value": 121.053422, "relative_strength": -18.604124, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.620245, "energy": 19.892148, "activity_lines": [ 74.206668, 72.989092, 73.665239, 72.902252 ] }, { "date": "2024-03-22", "close": 71.0, "volume": 198213, "typical_volume": 769917.75, "trend": 72.302253, "fair_value": 120.565464, "relative_strength": -19.576088, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.934375, "energy": 8.541911, "activity_lines": [ 73.086668, 72.740001, 73.461429, 72.80999 ] }, { "date": "2024-03-29", "close": 67.699997, "volume": 435899, "typical_volume": 765635.25, "trend": 72.008875, "fair_value": 119.968695, "relative_strength": -23.060042, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.316556, "energy": 20.103252, "activity_lines": [ 70.673333, 71.974546, 72.904286, 72.513071 ] }, { "date": "2024-04-05", "close": 69.699997, "volume": 411723, "typical_volume": 748088.9, "trend": 71.834473, "fair_value": 119.354518, "relative_strength": -20.363119, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.134712, "energy": 20.34865, "activity_lines": [ 69.893332, 71.614545, 72.515238, 72.364111 ] }, { "date": "2024-04-12", "close": 70.300003, "volume": 288058, "typical_volume": 683936.9, "trend": 71.702955, "fair_value": 118.227304, "relative_strength": -20.700664, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.297697, "energy": 28.814948, "activity_lines": [ 69.72, 71.323636, 72.16, 72.265113 ] }, { "date": "2024-04-19", "close": 65.0, "volume": 441001, "typical_volume": 642344.4, "trend": 71.476503, "fair_value": 116.999616, "relative_strength": -21.694039, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.368072, "energy": 44.83511, "activity_lines": [ 68.113333, 70.06, 71.336667, 71.832664 ] }, { "date": "2024-04-26", "close": 66.5, "volume": 198582, "typical_volume": 632647.85, "trend": 71.30659, "fair_value": 115.974997, "relative_strength": -21.837814, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.817502, "energy": 37.248996, "activity_lines": [ 67.366667, 69.141818, 70.727619, 71.511599 ] }, { "date": "2024-05-03", "close": 66.0, "volume": 240371, "typical_volume": 624184.0, "trend": 71.267128, "fair_value": 115.185967, "relative_strength": -22.787954, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.928045, "energy": 52.197544, "activity_lines": [ 66.753334, 68.161818, 70.131905, 71.169239 ] }, { "date": "2024-05-10", "close": 63.200001, "volume": 341799, "typical_volume": 625703.2, "trend": 71.216065, "fair_value": 114.273194, "relative_strength": -26.93376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.645848, "energy": 62.092365, "activity_lines": [ 65.320001, 66.967273, 69.322857, 70.648779 ] }, { "date": "2024-05-17", "close": 62.400002, "volume": 636701, "typical_volume": 625618.1, "trend": 71.053334, "fair_value": 113.515495, "relative_strength": -29.082525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.029673, "energy": 60.3524, "activity_lines": [ 64.053334, 65.856364, 68.500477, 70.08 ] }, { "date": "2024-05-24", "close": 59.299999, "volume": 975302, "typical_volume": 642883.0, "trend": 70.796667, "fair_value": 113.058333, "relative_strength": -32.951468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.907826, "energy": 76.050172, "activity_lines": [ 62.28, 64.416364, 67.468095, 69.321721 ] }, { "date": "2024-05-31", "close": 59.799999, "volume": 1174454, "typical_volume": 676225.0, "trend": 70.696667, "fair_value": 112.413945, "relative_strength": -30.612086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.182142, "energy": 77.571605, "activity_lines": [ 61.053333, 63.269091, 66.569048, 68.612258 ] }, { "date": "2024-06-07", "close": 59.400002, "volume": 1777130, "typical_volume": 725935.5, "trend": 70.576667, "fair_value": 111.766992, "relative_strength": -32.624977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.869314, "energy": 76.802737, "activity_lines": [ 60.140001, 62.252728, 65.707143, 67.883441 ] }, { "date": "2024-06-14", "close": 60.200001, "volume": 604183, "typical_volume": 705855.4, "trend": 70.423334, "fair_value": 111.125168, "relative_strength": -33.106066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.632953, "energy": 73.736046, "activity_lines": [ 59.933334, 61.532728, 64.971905, 67.213979 ] }, { "date": "2024-06-21", "close": 59.0, "volume": 723673, "typical_volume": 662375.75, "trend": 69.79, "fair_value": 110.372879, "relative_strength": -35.983389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.302209, "energy": 59.952763, "activity_lines": [ 59.526667, 60.767273, 64.157143, 66.47699 ] }, { "date": "2024-06-28", "close": 58.099998, "volume": 504691, "typical_volume": 680361.2, "trend": 69.06, "fair_value": 109.584594, "relative_strength": -35.802103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.427182, "energy": 53.987877, "activity_lines": [ 59.046666, 60.043636, 63.308095, 65.722796 ] }, { "date": "2024-07-05", "close": 59.299999, "volume": 405384, "typical_volume": 687400.95, "trend": 68.393334, "fair_value": 108.677048, "relative_strength": -35.081387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.082108, "energy": 49.571102, "activity_lines": [ 59.046666, 59.663636, 62.625238, 65.093118 ] }, { "date": "2024-07-12", "close": 56.099998, "volume": 674349, "typical_volume": 621565.15, "trend": 67.69, "fair_value": 107.77317, "relative_strength": -38.704925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.227207, "energy": 54.898032, "activity_lines": [ 58.013332, 58.832727, 61.679524, 64.3 ] }, { "date": "2024-07-19", "close": 56.599998, "volume": 436290, "typical_volume": 591742.55, "trend": 67.03, "fair_value": 106.893657, "relative_strength": -34.535085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.838456, "energy": 57.023345, "activity_lines": [ 57.366665, 58.272726, 60.905714, 63.584516 ] }, { "date": "2024-07-26", "close": 54.200001, "volume": 207190, "typical_volume": 562392.5, "trend": 66.16, "fair_value": 106.077349, "relative_strength": -34.332782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.397934, "energy": 69.71363, "activity_lines": [ 56.159999, 57.396363, 59.994762, 62.756774 ] }, { "date": "2024-08-02", "close": 51.799999, "volume": 371191, "typical_volume": 552309.2, "trend": 65.31, "fair_value": 105.315179, "relative_strength": -35.052096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.835798, "energy": 83.604628, "activity_lines": [ 54.473333, 56.232727, 58.955714, 61.830322 ] }, { "date": "2024-08-09", "close": 45.349998, "volume": 780657, "typical_volume": 581431.4, "trend": 64.301667, "fair_value": 104.405868, "relative_strength": -41.908096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.645709, "energy": 92.00431, "activity_lines": [ 51.056666, 54.032726, 57.390952, 60.54258 ] }, { "date": "2024-08-16", "close": 47.5, "volume": 450863, "typical_volume": 582179.6, "trend": 63.551667, "fair_value": 103.401522, "relative_strength": -40.795169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.796273, "energy": 88.02183, "activity_lines": [ 49.286666, 52.486363, 56.153095, 59.458602 ] }, { "date": "2024-08-23", "close": 47.349998, "volume": 322850, "typical_volume": 577735.95, "trend": 62.88, "fair_value": 102.544326, "relative_strength": -39.6962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.291217, "energy": 84.862612, "activity_lines": [ 48.039999, 51.12909, 54.997142, 58.413333 ] }, { "date": "2024-08-30", "close": 53.0, "volume": 628637, "typical_volume": 594764.9, "trend": 62.32, "fair_value": 101.671963, "relative_strength": -32.016481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.046346, "energy": 61.110587, "activity_lines": [ 49.293332, 51.032726, 54.485714, 57.775914 ] }, { "date": "2024-09-06", "close": 48.200001, "volume": 510365, "typical_volume": 598233.1, "trend": 61.626666, "fair_value": 100.768831, "relative_strength": -34.959442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.24681, "energy": 56.387482, "activity_lines": [ 49.026666, 50.172727, 53.599523, 56.864946 ] }, { "date": "2024-09-13", "close": 46.0, "volume": 432689, "typical_volume": 609938.45, "trend": 60.89, "fair_value": 99.869732, "relative_strength": -38.070394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.07383, "energy": 55.918008, "activity_lines": [ 48.266667, 49.092727, 52.583809, 55.856774 ] }, { "date": "2024-09-20", "close": 49.799999, "volume": 143025, "typical_volume": 605071.15, "trend": 59.81, "fair_value": 98.998014, "relative_strength": -33.358644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.673086, "energy": 43.450351, "activity_lines": [ 48.73, 48.945454, 52.027618, 55.14129 ] }, { "date": "2024-09-27", "close": 51.099998, "volume": 551571, "typical_volume": 615559.75, "trend": 58.986666, "fair_value": 98.15579, "relative_strength": -32.786706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.680864, "energy": 36.572579, "activity_lines": [ 49.473333, 49.14909, 51.67238, 54.579354 ] }, { "date": "2024-10-04", "close": 49.5, "volume": 200375, "typical_volume": 593743.45, "trend": 58.126666, "fair_value": 97.279127, "relative_strength": -32.654789, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -43.42432, "energy": 32.154609, "activity_lines": [ 49.433333, 49.161818, 51.22238, 53.967311 ] }, { "date": "2024-10-11", "close": 56.5, "volume": 1482292, "typical_volume": 619092.95, "trend": 57.663333, "fair_value": 96.392927, "relative_strength": -24.529371, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -20.732961, "energy": 15.09816, "activity_lines": [ 51.959999, 50.532727, 51.500476, 53.862365 ] }, { "date": "2024-10-18", "close": 52.0, "volume": 526030, "typical_volume": 586671.75, "trend": 57.03, "fair_value": 95.514153, "relative_strength": -31.515407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.06804, "energy": 17.659197, "activity_lines": [ 52.433333, 51.0, 51.363333, 53.496989 ] }, { "date": "2024-10-25", "close": 51.099998, "volume": 286561, "typical_volume": 512143.3, "trend": 56.476666, "fair_value": 94.659837, "relative_strength": -31.5003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.980755, "energy": 12.738369, "activity_lines": [ 52.206666, 51.182727, 51.177618, 53.114408 ] }, { "date": "2024-11-01", "close": 48.0, "volume": 179845, "typical_volume": 490926.4, "trend": 55.753333, "fair_value": 93.773559, "relative_strength": -33.369802, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.891795, "energy": 15.297323, "activity_lines": [ 50.859999, 50.736363, 50.73619, 52.567526 ] }, { "date": "2024-11-08", "close": 50.599998, "volume": 188423, "typical_volume": 464163.9, "trend": 55.096666, "fair_value": 92.837447, "relative_strength": -31.388929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.262016, "energy": 19.425908, "activity_lines": [ 50.586666, 50.750908, 50.600475, 52.235053 ] }, { "date": "2024-11-15", "close": 46.349998, "volume": 371977, "typical_volume": 457528.2, "trend": 54.474999, "fair_value": 91.529504, "relative_strength": -34.212226, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.983167, "energy": 39.950617, "activity_lines": [ 48.823332, 50.036363, 50.099999, 51.670752 ] }, { "date": "2024-11-22", "close": 45.0, "volume": 358453, "typical_volume": 455181.65, "trend": 53.758333, "fair_value": 90.107111, "relative_strength": -35.5599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.812073, "energy": 54.641487, "activity_lines": [ 47.286666, 49.109999, 49.526904, 51.059462 ] }, { "date": "2024-11-29", "close": 43.75, "volume": 169608, "typical_volume": 429944.6, "trend": 53.016666, "fair_value": 88.679728, "relative_strength": -34.45963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.792642, "energy": 63.942402, "activity_lines": [ 45.799999, 47.974545, 48.902856, 50.413763 ] }, { "date": "2024-12-06", "close": 43.049999, "volume": 152907, "typical_volume": 415775.45, "trend": 52.344999, "fair_value": 87.362721, "relative_strength": -37.003267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.327303, "energy": 71.273991, "activity_lines": [ 44.569999, 46.821817, 48.270952, 49.770752 ] }, { "date": "2024-12-13", "close": 41.799999, "volume": 178583, "typical_volume": 414345.1, "trend": 51.658333, "fair_value": 86.149542, "relative_strength": -37.329345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.211796, "energy": 72.677193, "activity_lines": [ 43.253333, 45.588181, 47.584523, 49.090429 ] }, { "date": "2024-12-20", "close": 39.400002, "volume": 617892, "typical_volume": 426680.15, "trend": 50.994999, "fair_value": 84.914932, "relative_strength": -38.531404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.885901, "energy": 75.240001, "activity_lines": [ 41.723334, 44.058181, 46.728571, 48.299569 ] }, { "date": "2024-12-27", "close": 41.75, "volume": 198243, "typical_volume": 397559.45, "trend": 50.393333, "fair_value": 83.879772, "relative_strength": -35.843923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.922423, "energy": 64.385713, "activity_lines": [ 41.44, 43.266363, 46.155476, 47.703118 ] }, { "date": "2025-01-03", "close": 40.150002, "volume": 132352, "typical_volume": 381633.9, "trend": 49.751666, "fair_value": 82.843424, "relative_strength": -36.144994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.229933, "energy": 58.769428, "activity_lines": [ 40.840001, 42.37, 45.447143, 47.042258 ] }, { "date": "2025-01-10", "close": 39.799999, "volume": 340777, "typical_volume": 382530.25, "trend": 49.071666, "fair_value": 81.832036, "relative_strength": -35.823116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.889831, "energy": 61.565266, "activity_lines": [ 40.363334, 41.609091, 44.740476, 46.400215 ] }, { "date": "2025-01-17", "close": 37.299999, "volume": 292688, "typical_volume": 365732.8, "trend": 48.348333, "fair_value": 80.8016, "relative_strength": -39.189583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.204804, "energy": 67.482222, "activity_lines": [ 39.27, 40.542727, 43.831666, 45.640752 ] }, { "date": "2025-01-24", "close": 37.099998, "volume": 219928, "typical_volume": 351210.95, "trend": 47.648333, "fair_value": 79.860564, "relative_strength": -39.531719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.880159, "energy": 73.930464, "activity_lines": [ 38.409999, 39.681818, 42.978571, 44.915053 ] }, { "date": "2025-02-07", "close": 38.849998, "volume": 415432, "typical_volume": 350348.1, "trend": 46.966666, "fair_value": 78.948881, "relative_strength": -35.501144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.506328, "energy": 63.773809, "activity_lines": [ 38.286665, 39.307272, 42.344999, 44.347419 ] }, { "date": "2025-02-14", "close": 37.450001, "volume": 304873, "typical_volume": 358440.5, "trend": 46.344999, "fair_value": 78.094724, "relative_strength": -35.895932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.73654, "energy": 60.133973, "activity_lines": [ 37.889999, 38.79, 41.612142, 43.73344 ] }, { "date": "2025-02-21", "close": 37.950001, "volume": 273368, "typical_volume": 344530.35, "trend": 45.723333, "fair_value": 77.134955, "relative_strength": -35.610091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.621905, "energy": 51.20585, "activity_lines": [ 37.84, 38.478182, 40.985714, 43.191828 ] }, { "date": "2025-02-28", "close": 38.099998, "volume": 49464, "typical_volume": 336984.8, "trend": 45.186666, "fair_value": 76.182192, "relative_strength": -32.036683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.233823, "energy": 48.183347, "activity_lines": [ 37.963333, 38.286363, 40.43619, 42.7 ] }, { "date": "2025-03-07", "close": 34.799999, "volume": 392716, "typical_volume": 282506.0, "trend": 44.619999, "fair_value": 75.286866, "relative_strength": -35.352946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.483783, "energy": 55.773007, "activity_lines": [ 36.933333, 37.561817, 39.626666, 42.029892 ] }, { "date": "2025-03-14", "close": 31.35, "volume": 443512, "typical_volume": 278380.1, "trend": 44.153333, "fair_value": 74.34222, "relative_strength": -38.979339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.784261, "energy": 71.138512, "activity_lines": [ 34.906666, 36.293636, 38.591904, 41.173763 ] }, { "date": "2025-03-21", "close": 29.15, "volume": 626251, "typical_volume": 295364.6, "trend": 43.541666, "fair_value": 73.47113, "relative_strength": -42.812542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.93714, "energy": 87.342948, "activity_lines": [ 32.646666, 34.814545, 37.445952, 40.205806 ] }, { "date": "2025-03-28", "close": 29.0, "volume": 397718, "typical_volume": 306258.25, "trend": 42.93, "fair_value": 72.61117, "relative_strength": -40.428409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.725693, "energy": 91.291417, "activity_lines": [ 30.89, 33.508181, 36.390238, 39.267634 ] }, { "date": "2025-04-04", "close": 27.9, "volume": 72564, "typical_volume": 300465.3, "trend": 42.093333, "fair_value": 71.738113, "relative_strength": -40.845449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.517378, "energy": 92.065215, "activity_lines": [ 29.363333, 32.198182, 35.320238, 38.297957 ] }, { "date": "2025-04-11", "close": 22.299999, "volume": 990620, "typical_volume": 331397.45, "trend": 41.229999, "fair_value": 70.811022, "relative_strength": -47.390691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.38367, "energy": 96.268985, "activity_lines": [ 26.65, 30.040909, 33.825, 37.020967 ] }, { "date": "2025-04-18", "close": 26.450001, "volume": 533876, "typical_volume": 340168.6, "trend": 40.578333, "fair_value": 69.949829, "relative_strength": -36.021226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.837931, "energy": 85.056341, "activity_lines": [ 26.153333, 28.907273, 32.839524, 36.067419 ] }, { "date": "2025-04-25", "close": 24.4, "volume": 231066, "typical_volume": 343241.5, "trend": 39.731666, "fair_value": 69.196403, "relative_strength": -41.285742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.681905, "energy": 72.796459, "activity_lines": [ 25.3, 27.626364, 31.747143, 35.023656 ] }, { "date": "2025-05-02", "close": 23.700001, "volume": 228742, "typical_volume": 347033.25, "trend": 38.818333, "fair_value": 68.498945, "relative_strength": -44.372656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.059869, "energy": 68.729873, "activity_lines": [ 24.53, 26.455455, 30.680238, 33.989355 ] }, { "date": "2025-05-09", "close": 22.25, "volume": 174256, "typical_volume": 346816.9, "trend": 37.91, "fair_value": 67.831487, "relative_strength": -47.008928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.637459, "energy": 69.106721, "activity_lines": [ 23.63, 25.28, 29.567381, 32.92043 ] }, { "date": "2025-05-16", "close": 23.0, "volume": 121300, "typical_volume": 321987.3, "trend": 36.793333, "fair_value": 67.138609, "relative_strength": -46.527603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.634385, "energy": 66.487318, "activity_lines": [ 23.356667, 24.529091, 28.619048, 31.958494 ] }, { "date": "2025-05-23", "close": 26.950001, "volume": 388368, "typical_volume": 331493.55, "trend": 35.958333, "fair_value": 66.474075, "relative_strength": -35.729123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.548767, "energy": 57.859348, "activity_lines": [ 24.353334, 24.710909, 28.125, 31.323441 ] }, { "date": "2025-05-30", "close": 24.049999, "volume": 138124, "typical_volume": 331782.15, "trend": 35.056666, "fair_value": 65.851405, "relative_strength": -40.872773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.913994, "energy": 52.83157, "activity_lines": [ 24.35, 24.445455, 27.425238, 30.555161 ] }, { "date": "2025-06-06", "close": 24.299999, "volume": 217066, "typical_volume": 325596.6, "trend": 34.266666, "fair_value": 65.248473, "relative_strength": -40.093132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.925596, "energy": 43.648979, "activity_lines": [ 24.453333, 24.318182, 26.825952, 29.861183 ] }, { "date": "2025-06-13", "close": 24.799999, "volume": 231417, "typical_volume": 322533.05, "trend": 33.406666, "fair_value": 64.579225, "relative_strength": -39.004053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.256989, "energy": 38.066456, "activity_lines": [ 24.683333, 24.367272, 26.348095, 29.25043 ] }, { "date": "2025-06-20", "close": 25.15, "volume": 149837, "typical_volume": 319028.5, "trend": 32.7, "fair_value": 63.969652, "relative_strength": -37.05874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.895736, "energy": 38.047824, "activity_lines": [ 24.859999, 24.536363, 25.963095, 28.717742 ] }, { "date": "2025-06-27", "close": 24.9, "volume": 226611, "typical_volume": 309587.45, "trend": 32.03, "fair_value": 63.488453, "relative_strength": -38.218713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.8234, "energy": 33.923166, "activity_lines": [ 24.81, 24.608182, 25.61119, 28.214516 ] }, { "date": "2025-07-04", "close": 25.299999, "volume": 99494, "typical_volume": 299318.5, "trend": 31.415, "fair_value": 63.033999, "relative_strength": -36.172458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.118802, "energy": 29.168125, "activity_lines": [ 25.029999, 24.780909, 25.363809, 27.780322 ] }, { "date": "2025-07-11", "close": 27.549999, "volume": 326136, "typical_volume": 301956.9, "trend": 30.898333, "fair_value": 62.606664, "relative_strength": -30.119209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.006312, "energy": 20.433542, "activity_lines": [ 25.916666, 25.346363, 25.388571, 27.530967 ] }, { "date": "2025-07-18", "close": 35.150002, "volume": 866958, "typical_volume": 342831.6, "trend": 30.676667, "fair_value": 62.231674, "relative_strength": -12.433266, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 26.970227, "energy": 33.520721, "activity_lines": [ 29.12, 27.223636, 26.186667, 27.805269 ] }, { "date": "2025-07-25", "close": 36.049999, "volume": 2216983, "typical_volume": 434044.95, "trend": 30.565, "fair_value": 61.94709, "relative_strength": -9.170784, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.326416, "energy": 62.418301, "activity_lines": [ 31.933333, 29.03, 27.084524, 28.151935 ] }, { "date": "2025-08-01", "close": 34.049999, "volume": 393078, "typical_volume": 431523.25, "trend": 30.308333, "fair_value": 61.557794, "relative_strength": -13.489337, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.536733, "energy": 66.511762, "activity_lines": [ 33.353333, 30.235454, 27.785952, 28.376774 ] }, { "date": "2025-08-08", "close": 36.0, "volume": 515407, "typical_volume": 425981.05, "trend": 30.17, "fair_value": 61.203366, "relative_strength": -9.845483, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.339498, "energy": 70.229237, "activity_lines": [ 34.813333, 31.666363, 28.660238, 28.743978 ] }, { "date": "2025-08-15", "close": 33.799999, "volume": 560122, "typical_volume": 434101.25, "trend": 29.97, "fair_value": 60.846927, "relative_strength": -15.739313, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.331515, "energy": 62.591252, "activity_lines": [ 34.826666, 32.48, 29.292381, 28.978172 ] }, { "date": "2025-08-22", "close": 32.599998, "volume": 754667, "typical_volume": 468206.4, "trend": 29.813333, "fair_value": 60.500327, "relative_strength": -16.043452, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.318063, "energy": 39.388778, "activity_lines": [ 34.023332, 32.902727, 29.78738, 29.147849 ] }, { "date": "2025-08-29", "close": 36.700001, "volume": 928893, "typical_volume": 465120.05, "trend": 29.8, "fair_value": 60.164291, "relative_strength": -6.628213, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.147483, "energy": 40.865854, "activity_lines": [ 34.756666, 33.92909, 30.650476, 29.59215 ] }, { "date": "2025-09-05", "close": 38.650002, "volume": 291702, "typical_volume": 453011.35, "trend": 29.793333, "fair_value": 59.840551, "relative_strength": -1.782591, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.200365, "energy": 52.568595, "activity_lines": [ 36.096667, 35.1, 31.630714, 30.163118 ] }, { "date": "2025-09-12", "close": 42.299999, "volume": 1485286, "typical_volume": 515722.35, "trend": 29.955, "fair_value": 59.546496, "relative_strength": 4.090168, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.111415, "energy": 57.739973, "activity_lines": [ 38.346667, 36.684545, 32.900476, 30.97 ] }, { "date": "2025-09-19", "close": 41.5, "volume": 1081568, "typical_volume": 558363.65, "trend": 30.073333, "fair_value": 59.294465, "relative_strength": 2.313697, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.189654, "energy": 67.665188, "activity_lines": [ 39.91, 37.814545, 34.008809, 31.714839 ] }, { "date": "2025-09-26", "close": 40.0, "volume": 463596, "typical_volume": 572830.65, "trend": 30.136667, "fair_value": 59.037848, "relative_strength": -0.567551, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.610782, "energy": 63.78254, "activity_lines": [ 40.46, 38.418182, 34.889524, 32.355269 ] }, { "date": "2025-10-03", "close": 40.799999, "volume": 468243, "typical_volume": 590177.8, "trend": 30.336666, "fair_value": 58.788246, "relative_strength": -2.199394, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.049624, "energy": 51.623311, "activity_lines": [ 40.783333, 39.079091, 35.761904, 33.043226 ] }, { "date": "2025-10-10", "close": 40.75, "volume": 251034, "typical_volume": 583311.1, "trend": 30.65, "fair_value": 58.598051, "relative_strength": -3.388003, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.903277, "energy": 46.731789, "activity_lines": [ 40.816666, 39.644545, 36.544762, 33.715054 ] }, { "date": "2025-10-17", "close": 39.0, "volume": 470047, "typical_volume": 599907.25, "trend": 30.978333, "fair_value": 58.458251, "relative_strength": -6.327449, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.260347, "energy": 40.554275, "activity_lines": [ 40.126666, 39.77, 37.095238, 34.253763 ] }, { "date": "2025-10-24", "close": 41.5, "volume": 674555, "typical_volume": 622781.7, "trend": 31.395, "fair_value": 58.356482, "relative_strength": -0.266326, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.256124, "energy": 42.35679, "activity_lines": [ 40.49, 40.295454, 37.812619, 34.93258 ] }, { "date": "2025-10-31", "close": 41.549999, "volume": 596895, "typical_volume": 641055.6, "trend": 31.85, "fair_value": 58.182732, "relative_strength": -1.729285, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.05436, "energy": 40.605155, "activity_lines": [ 40.87, 40.69, 38.452857, 35.587742 ] }, { "date": "2025-11-07", "close": 38.849998, "volume": 505737, "typical_volume": 658850.6, "trend": 32.401666, "fair_value": 58.014936, "relative_strength": -5.327767, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.088134, "energy": 31.344076, "activity_lines": [ 40.246666, 40.430908, 38.75619, 36.039354 ] }, { "date": "2025-11-14", "close": 37.599998, "volume": 381841, "typical_volume": 666612.1, "trend": 32.773333, "fair_value": 57.825296, "relative_strength": -6.585502, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.448665, "energy": 26.029265, "activity_lines": [ 39.336665, 39.905454, 38.875238, 36.374731 ] }, { "date": "2025-11-21", "close": 37.900002, "volume": 180699, "typical_volume": 670672.35, "trend": 33.223333, "fair_value": 57.629406, "relative_strength": -1.633475, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.903655, "energy": 18.289885, "activity_lines": [ 38.736666, 39.453636, 38.962381, 36.705484 ] }, { "date": "2025-11-28", "close": 37.200001, "volume": 365055, "typical_volume": 672618.3, "trend": 33.673333, "fair_value": 57.361757, "relative_strength": -6.854797, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.51646, "energy": 19.985191, "activity_lines": [ 37.976667, 38.954545, 38.922857, 36.962043 ] }, { "date": "2025-12-05", "close": 37.5, "volume": 224064, "typical_volume": 640473.6, "trend": 34.181666, "fair_value": 57.100431, "relative_strength": -6.515703, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.684837, "energy": 15.649023, "activity_lines": [ 37.603334, 38.588182, 38.865952, 37.208924 ] }, { "date": "2025-12-12", "close": 37.849998, "volume": 813678, "typical_volume": 570308.35, "trend": 34.676666, "fair_value": 56.829404, "relative_strength": -5.719887, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.733256, "energy": 13.730887, "activity_lines": [ 37.616666, 38.330909, 38.83119, 37.445591 ] }, { "date": "2025-12-19", "close": 39.950001, "volume": 855389, "typical_volume": 593423.9, "trend": 35.11, "fair_value": 56.574353, "relative_strength": 1.826953, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.36825, "energy": 12.813066, "activity_lines": [ 38.396667, 38.509091, 38.987857, 37.785806 ] }, { "date": "2025-12-26", "close": 41.900002, "volume": 551852, "typical_volume": 595246.15, "trend": 35.705, "fair_value": 56.35255, "relative_strength": 3.981659, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.74672, "energy": 29.760171, "activity_lines": [ 39.670001, 39.056364, 39.302143, 38.223871 ] }, { "date": "2026-01-02", "close": 40.400002, "volume": 1607612, "typical_volume": 647620.65, "trend": 36.241667, "fair_value": 56.145022, "relative_strength": -1.894611, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.93371, "energy": 33.550152, "activity_lines": [ 40.176668, 39.278182, 39.445476, 38.526774 ] }, { "date": "2026-01-09", "close": 45.0, "volume": 4810536, "typical_volume": 850414.1, "trend": 36.915, "fair_value": 56.019793, "relative_strength": 6.276403, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.529635, "energy": 58.420798, "activity_lines": [ 42.003334, 40.356364, 39.995476, 39.091828 ] }, { "date": "2026-01-16", "close": 49.599998, "volume": 4523713, "typical_volume": 1030155.1, "trend": 37.73, "fair_value": 55.863066, "relative_strength": 13.198237, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.022104, "energy": 73.577818, "activity_lines": [ 44.863333, 42.208182, 40.924524, 39.910215 ] }, { "date": "2026-01-23", "close": 50.5, "volume": 3432860, "typical_volume": 1187213.0, "trend": 38.583333, "fair_value": 55.671243, "relative_strength": 13.307774, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.362447, "energy": 79.653386, "activity_lines": [ 47.24, 44.028182, 41.877857, 40.734086 ] }, { "date": "2026-01-30", "close": 58.0, "volume": 4536302, "typical_volume": 1339763.8, "trend": 39.673333, "fair_value": 55.547615, "relative_strength": 29.307204, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.435659, "energy": 88.057024, "activity_lines": [ 51.413333, 46.977273, 43.489048, 41.986774 ] }, { "date": "2026-02-06", "close": 59.200001, "volume": 1697645, "typical_volume": 1370567.65, "trend": 40.728333, "fair_value": 55.393957, "relative_strength": 32.76923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.092748, "energy": 89.704846, "activity_lines": [ 54.913333, 49.779091, 45.139762, 43.246559 ] }, { "date": "2026-02-13", "close": 89.199997, "volume": 5274515, "typical_volume": 1611113.6, "trend": 42.53, "fair_value": 55.465299, "relative_strength": 86.548837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.515119, "energy": 98.463374, "activity_lines": [ 67.159999, 57.635454, 49.563333, 46.373763 ] }, { "date": "2026-02-27", "close": 97.5, "volume": 10213723, "typical_volume": 2098387.6, "trend": 44.578333, "fair_value": 55.555896, "relative_strength": 90.521352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.429645, "energy": 98.142326, "activity_lines": [ 79.226666, 66.060909, 54.543095, 49.920215 ] }, { "date": "2026-03-06", "close": 82.599998, "volume": 3516485, "typical_volume": 2261660.15, "trend": 46.196666, "fair_value": 55.504456, "relative_strength": 68.319739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.072841, "energy": 87.416886, "activity_lines": [ 83.133332, 70.692727, 57.833809, 52.373226 ] }, { "date": "2026-03-13", "close": 92.900002, "volume": 2591776, "typical_volume": 2367746.6, "trend": 48.093333, "fair_value": 55.536017, "relative_strength": 87.378693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.040024, "energy": 86.503219, "activity_lines": [ 88.333333, 76.421818, 61.90619, 55.386344 ] }, { "date": "2026-03-20", "close": 107.5, "volume": 4571756, "typical_volume": 2562606.65, "trend": 50.55, "fair_value": 55.691974, "relative_strength": 111.038476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.18791, "energy": 72.963609, "activity_lines": [ 96.073333, 83.878182, 67.112381, 59.219032 ] }, { "date": "2026-03-27", "close": 102.5, "volume": 5005892, "typical_volume": 2783056.5, "trend": 52.88, "fair_value": 55.834113, "relative_strength": 99.34265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.871726, "energy": 66.24912, "activity_lines": [ 98.926667, 89.205454, 71.528095, 62.570645 ] }, { "date": "2026-04-03", "close": 94.0, "volume": 1463127, "typical_volume": 2830926.0, "trend": 54.79, "fair_value": 55.919249, "relative_strength": 82.357756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.551727, "energy": 59.952288, "activity_lines": [ 98.06, 91.941818, 74.844048, 65.223548 ] }, { "date": "2026-04-10", "close": 105.5, "volume": 1720020, "typical_volume": 2897834.95, "trend": 57.018333, "fair_value": 56.105138, "relative_strength": 84.483839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.586245, "energy": 59.936056, "activity_lines": [ 101.26, 95.961818, 78.992619, 68.495161 ] }, { "date": "2026-04-17", "close": 100.5, "volume": 3631477, "typical_volume": 3070373.85, "trend": 58.958333, "fair_value": 56.231312, "relative_strength": 65.979189, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.997058, "energy": 52.192344, "activity_lines": [ 101.266667, 98.072727, 82.341667, 71.30043 ] }, { "date": "2026-04-24", "close": 130.0, "volume": 6282145, "typical_volume": 3366228.35, "trend": 61.908333, "fair_value": 56.567966, "relative_strength": 98.383152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.592558, "energy": 61.941999, "activity_lines": [ 110.6, 104.774545, 88.202143, 75.883763 ] }, { "date": "2026-05-01", "close": 171.0, "volume": 8746524, "typical_volume": 3792351.35, "trend": 66.275, "fair_value": 57.205162, "relative_strength": 151.880334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.791233, "energy": 76.80476, "activity_lines": [ 132.1, 117.643636, 97.525476, 82.921935 ] }, { "date": "2026-05-08", "close": 181.0, "volume": 8694682, "typical_volume": 4186401.55, "trend": 70.948333, "fair_value": 57.919035, "relative_strength": 140.924376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.448843, "energy": 88.058815, "activity_lines": [ 152.366667, 130.843636, 107.165476, 90.323548 ] }, { "date": "2026-05-15", "close": 179.0, "volume": 4024913, "typical_volume": 4344877.75, "trend": 75.556667, "fair_value": 58.616315, "relative_strength": 132.62474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.662956, "energy": 88.886419, "activity_lines": [ 166.166667, 142.161818, 115.933333, 97.294624 ] }, { "date": "2026-05-22", "close": 170.0, "volume": 3924653, "typical_volume": 4513517.8, "trend": 79.923333, "fair_value": 59.259675, "relative_strength": 108.822301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.121644, "energy": 82.944916, "activity_lines": [ 172.066667, 150.090909, 123.181905, 103.387742 ] }, { "date": "2026-05-29", "close": 165.5, "volume": 2168403, "typical_volume": 4541557.35, "trend": 84.056667, "fair_value": 59.812575, "relative_strength": 87.496155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.469154, "energy": 69.094064, "activity_lines": [ 171.833333, 155.8, 129.391905, 108.908817 ] }, { "date": "2026-06-05", "close": 128.5, "volume": 3907250, "typical_volume": 4496393.05, "trend": 86.955, "fair_value": 60.137098, "relative_strength": 42.098706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.870422, "energy": 49.370064, "activity_lines": [ 156.9, 153.727273, 131.482381, 111.776129 ] }, { "date": "2026-06-12", "close": 152.5, "volume": 2795717, "typical_volume": 4409993.25, "trend": 90.743333, "fair_value": 60.639358, "relative_strength": 68.321711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.772269, "energy": 34.233359, "activity_lines": [ 152.8, 155.545455, 135.460952, 116.004839 ] }, { "date": "2026-06-19", "close": 145.5, "volume": 813996, "typical_volume": 4279050.05, "trend": 94.34, "fair_value": 61.070969, "relative_strength": 49.838796, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.596933, "energy": 26.071922, "activity_lines": [ 148.266667, 155.027273, 138.282857, 119.537527 ] }, { "date": "2026-06-26", "close": 135.0, "volume": 1443451, "typical_volume": 4124407.5, "trend": 97.576667, "fair_value": 61.440931, "relative_strength": 42.456599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.81591, "energy": 22.03072, "activity_lines": [ 142.466667, 151.872727, 139.652381, 122.160753 ] }, { "date": "2026-07-03", "close": 150.5, "volume": 735566, "typical_volume": 4076303.55, "trend": 101.353333, "fair_value": 61.922826, "relative_strength": 48.474484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.673504, "energy": 20.724042, "activity_lines": [ 144.166667, 150.909091, 142.131429, 125.575161 ] }, { "date": "2026-07-10", "close": 140.0, "volume": 593229, "typical_volume": 3842239.25, "trend": 104.77, "fair_value": 62.354388, "relative_strength": 40.01685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.284637, "energy": 16.916796, "activity_lines": [ 143.366667, 147.663636, 143.175714, 128.068495 ] }, { "date": "2026-07-17", "close": 118.0, "volume": 1223217, "typical_volume": 3392713.95, "trend": 107.441667, "fair_value": 62.55502, "relative_strength": 23.757367, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.84324, "energy": 9.625283, "activity_lines": [ 134.466667, 140.981818, 141.882857, 128.922043 ] }, { "date": "2026-07-24", "close": 113.5, "volume": 1513055, "typical_volume": 3292542.45, "trend": 109.893333, "fair_value": 62.72932, "relative_strength": 15.267821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.685894, "energy": 9.668326, "activity_lines": [ 126.366667, 134.627273, 140.06381, 129.312903 ] }, { "date": "2026-07-31", "close": 103.5, "volume": 1316247, "typical_volume": 3228766.0, "trend": 111.946667, "fair_value": 62.860265, "relative_strength": 5.644219, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.985347, "energy": 19.327404, "activity_lines": [ 117.066667, 127.645455, 137.145238, 128.90043 ] }, { "date": "2026-08-07", "close": 103.5, "volume": 964330, "typical_volume": 3048394.7, "trend": 114.05, "fair_value": 62.969205, "relative_strength": 2.234127, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.370803, "energy": 42.425689, "activity_lines": [ 109.866667, 121.872727, 134.17619, 128.355484 ] }, { "date": "2026-08-14", "close": 118.0, "volume": 942641, "typical_volume": 2845232.15, "trend": 116.483333, "fair_value": 63.211331, "relative_strength": 11.514729, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.203458, "energy": 41.315212, "activity_lines": [ 110.633333, 119.863636, 132.607143, 128.610323 ] } ], "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." } } }