{
  "ticker": {
    "uuid": "d78afac2-271f-449d-8422-f36349acb551",
    "symbol": "300424",
    "name": "Guangzhou Hangxin Aviation Technology Co., Ltd.",
    "exchange": "SHZ",
    "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": "399001.SZ",
    "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": -64.736,
    "architecture_energy": 77.556,
    "architecture_maturity": 25.435,
    "architecture_confidence": 82.127,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 18.48,
        "rotation_up": 8.98,
        "upward_expansion": 18.12,
        "deceleration": 37.39,
        "rotation_down": 74.52,
        "downward_expansion": 91.46
      },
      "activity_lines": [
        13.638667,
        14.620727,
        16.315,
        16.870151
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 14.22,
    "trend_reference": 17.619333,
    "distance_from_trend": -0.192932,
    "trend_direction": "Weakening",
    "fair_value": 15.183708,
    "distance_from_fair_value": -0.06347,
    "fair_value_direction": "Weakening",
    "relative_strength": -20.594998,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.227594,
    "excess_performance": -0.234993,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.192932,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.034751,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.06347,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.339723,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.20595,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.106067,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.227594,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.088075,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 39110815,
      "relative_activity": 0.818414,
      "balance": 1.088075,
      "dry_up": 1.040132,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.139024,
      "annualized_volatility": 0.46729,
      "from_high_reference": -0.3897,
      "from_low_reference": 0.238676
    },
    "levels": {
      "trend_reference": 17.619333,
      "fair_value_reference": 15.183708,
      "structural_low": 11.48,
      "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": 16,
        "median_return": -0.008987,
        "positive_rate": 0.4375,
        "directional_follow_through": 0.5625,
        "median_excess_return": 0.004084,
        "regime_survival": 0.75,
        "best_return": 0.256572,
        "worst_return": -0.243921,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.033825,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.075319,
        "regime_survival": 0.2,
        "best_return": 0.286494,
        "worst_return": -0.247952,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.053961,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.001888,
        "regime_survival": 0.25,
        "best_return": 0.134545,
        "worst_return": -0.112843,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.01386,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.034865,
        "regime_survival": 0.0,
        "best_return": 0.349091,
        "worst_return": -0.17976,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-13",
        "end": "2025-03-14",
        "tenure": "Established",
        "return": -0.062673,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.077634,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.154182,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.055098,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-11",
        "end": "2025-07-18",
        "tenure": "New",
        "return": 0.017502,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.108811,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-03",
        "end": "2025-10-17",
        "tenure": "New",
        "return": 0.065806,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-24",
        "end": "2025-10-24",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-31",
        "end": "2026-04-03",
        "tenure": "Established",
        "return": -0.215667,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-10",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.047448,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-01",
        "end": "2026-05-22",
        "tenure": "New",
        "return": 0.131737,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-29",
        "end": "2026-06-19",
        "tenure": "New",
        "return": -0.106654,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-26",
        "end": "2026-07-03",
        "tenure": "New",
        "return": 0.02625,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.053262,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 13.599359,
        "volume": 16369013,
        "typical_volume": 27074899.4,
        "trend": 13.434634,
        "fair_value": 14.387367,
        "relative_strength": 7.611384,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 22.519991,
        "energy": 17.599941,
        "activity_lines": [
          13.632012,
          13.876038,
          13.812944,
          13.70153
        ]
      },
      {
        "date": "2023-08-04",
        "close": 13.439485,
        "volume": 11992471,
        "typical_volume": 26709263.45,
        "trend": 13.489868,
        "fair_value": 14.37831,
        "relative_strength": 4.584778,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.82367,
        "energy": 13.458192,
        "activity_lines": [
          13.508781,
          13.776117,
          13.788366,
          13.701843
        ]
      },
      {
        "date": "2023-08-11",
        "close": 13.149711,
        "volume": 10114237,
        "typical_volume": 25886951.85,
        "trend": 13.525124,
        "fair_value": 14.361262,
        "relative_strength": 6.081403,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -19.271984,
        "energy": 19.739029,
        "activity_lines": [
          13.370205,
          13.630963,
          13.734529,
          13.679897
        ]
      },
      {
        "date": "2023-08-18",
        "close": 13.349554,
        "volume": 15447005,
        "typical_volume": 25854960.35,
        "trend": 13.578692,
        "fair_value": 14.347476,
        "relative_strength": 10.892093,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -13.858721,
        "energy": 22.247236,
        "activity_lines": [
          13.342227,
          13.545214,
          13.703104,
          13.66857
        ]
      },
      {
        "date": "2023-08-25",
        "close": 12.390305,
        "volume": 14349588,
        "typical_volume": 25528891.55,
        "trend": 13.575654,
        "fair_value": 14.314506,
        "relative_strength": 5.855313,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -44.072175,
        "energy": 46.285029,
        "activity_lines": [
          13.01848,
          13.295596,
          13.579231,
          13.5919
        ]
      },
      {
        "date": "2023-09-01",
        "close": 12.560172,
        "volume": 15436264,
        "typical_volume": 25376487.15,
        "trend": 13.557643,
        "fair_value": 14.28026,
        "relative_strength": 3.58702,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -67.869032,
        "energy": 65.124459,
        "activity_lines": [
          12.809977,
          13.110472,
          13.478389,
          13.526385
        ]
      },
      {
        "date": "2023-09-08",
        "close": 13.459469,
        "volume": 18348471,
        "typical_volume": 25128171.85,
        "trend": 13.565281,
        "fair_value": 14.262706,
        "relative_strength": 12.335774,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.062,
        "energy": 50.44433,
        "activity_lines": [
          12.970518,
          13.122464,
          13.467193,
          13.520051
        ]
      },
      {
        "date": "2023-09-15",
        "close": 12.889914,
        "volume": 12822975,
        "typical_volume": 24501823.85,
        "trend": 13.5546,
        "fair_value": 14.236005,
        "relative_strength": 8.585282,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.661852,
        "energy": 49.800736,
        "activity_lines": [
          12.939875,
          13.052696,
          13.399285,
          13.476479
        ]
      },
      {
        "date": "2023-09-22",
        "close": 12.600141,
        "volume": 10163053,
        "typical_volume": 24672726.45,
        "trend": 13.502307,
        "fair_value": 14.201888,
        "relative_strength": 5.487114,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.805309,
        "energy": 42.260199,
        "activity_lines": [
          12.829961,
          12.94696,
          13.30635,
          13.414901
        ]
      },
      {
        "date": "2023-09-29",
        "close": 12.829962,
        "volume": 8649252,
        "typical_volume": 24025933.15,
        "trend": 13.475316,
        "fair_value": 14.181129,
        "relative_strength": 7.928009,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.779165,
        "energy": 31.030592,
        "activity_lines": [
          12.846615,
          12.903177,
          13.2384,
          13.371524
        ]
      },
      {
        "date": "2023-10-13",
        "close": 13.039797,
        "volume": 16308716,
        "typical_volume": 22273014.8,
        "trend": 13.455319,
        "fair_value": 14.154495,
        "relative_strength": 9.903543,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.028485,
        "energy": 31.555904,
        "activity_lines": [
          12.903904,
          12.905538,
          13.190818,
          13.343426
        ]
      },
      {
        "date": "2023-10-20",
        "close": 12.680079,
        "volume": 15198426,
        "typical_volume": 21846730.35,
        "trend": 13.441637,
        "fair_value": 14.116353,
        "relative_strength": 11.99647,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.642818,
        "energy": 34.1164,
        "activity_lines": [
          12.809311,
          12.852671,
          13.11464,
          13.29341
        ]
      },
      {
        "date": "2023-10-27",
        "close": 13.039797,
        "volume": 18886288,
        "typical_volume": 18962521.8,
        "trend": 13.414318,
        "fair_value": 14.075853,
        "relative_strength": 12.254365,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.882667,
        "energy": 23.001395,
        "activity_lines": [
          12.886584,
          12.879014,
          13.078289,
          13.267485
        ]
      },
      {
        "date": "2023-11-03",
        "close": 13.349554,
        "volume": 17429069,
        "typical_volume": 17863033.0,
        "trend": 13.421954,
        "fair_value": 14.028841,
        "relative_strength": 13.56692,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.680168,
        "energy": 14.427963,
        "activity_lines": [
          13.057117,
          12.963675,
          13.078004,
          13.263307
        ]
      },
      {
        "date": "2023-11-10",
        "close": 13.64932,
        "volume": 17630506,
        "typical_volume": 17255732.6,
        "trend": 13.41595,
        "fair_value": 13.962983,
        "relative_strength": 14.371076,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -13.072996,
        "energy": 11.165679,
        "activity_lines": [
          13.277611,
          13.102839,
          13.109028,
          13.277976
        ]
      },
      {
        "date": "2023-11-17",
        "close": 14.039016,
        "volume": 31024025,
        "typical_volume": 17396008.1,
        "trend": 13.437249,
        "fair_value": 13.909591,
        "relative_strength": 17.188728,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 26.881895,
        "energy": 26.220325,
        "activity_lines": [
          13.57338,
          13.289965,
          13.179974,
          13.318174
        ]
      },
      {
        "date": "2023-11-24",
        "close": 13.939094,
        "volume": 16454576,
        "typical_volume": 16618458.45,
        "trend": 13.470527,
        "fair_value": 13.86706,
        "relative_strength": 17.53716,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 24.402823,
        "energy": 39.49461,
        "activity_lines": [
          13.769227,
          13.432036,
          13.243163,
          13.350551
        ]
      },
      {
        "date": "2023-12-01",
        "close": 13.809195,
        "volume": 12818830,
        "typical_volume": 15872336.1,
        "trend": 13.483166,
        "fair_value": 13.828297,
        "relative_strength": 17.317253,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.846557,
        "energy": 46.04984,
        "activity_lines": [
          13.83784,
          13.541768,
          13.297405,
          13.3724
        ]
      },
      {
        "date": "2023-12-08",
        "close": 13.23964,
        "volume": 18124783,
        "typical_volume": 15639740.9,
        "trend": 13.482811,
        "fair_value": 13.792273,
        "relative_strength": 13.883495,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 14.464203,
        "energy": 34.159246,
        "activity_lines": [
          13.665308,
          13.531231,
          13.297405,
          13.356689
        ]
      },
      {
        "date": "2023-12-15",
        "close": 13.299594,
        "volume": 12400394,
        "typical_volume": 15498397.1,
        "trend": 13.495771,
        "fair_value": 13.757272,
        "relative_strength": 15.829762,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 8.431187,
        "energy": 10.002715,
        "activity_lines": [
          13.520088,
          13.519967,
          13.305351,
          13.344868
        ]
      },
      {
        "date": "2023-12-22",
        "close": 13.039797,
        "volume": 11234998,
        "typical_volume": 15241696.35,
        "trend": 13.456137,
        "fair_value": 13.696325,
        "relative_strength": 14.945818,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -37.977024,
        "energy": 20.857206,
        "activity_lines": [
          13.311584,
          13.452928,
          13.288412,
          13.315451
        ]
      },
      {
        "date": "2023-12-29",
        "close": 13.089758,
        "volume": 11008757,
        "typical_volume": 15192510.65,
        "trend": 13.430815,
        "fair_value": 13.644133,
        "relative_strength": 11.198336,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -39.715324,
        "energy": 27.42739,
        "activity_lines": [
          13.186349,
          13.394974,
          13.278896,
          13.291813
        ]
      },
      {
        "date": "2024-01-05",
        "close": 12.929883,
        "volume": 11336795,
        "typical_volume": 15253638.55,
        "trend": 13.381193,
        "fair_value": 13.609126,
        "relative_strength": 14.132878,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -46.36372,
        "energy": 30.637905,
        "activity_lines": [
          13.064444,
          13.300502,
          13.255819,
          13.259495
        ]
      },
      {
        "date": "2024-01-12",
        "close": 12.610133,
        "volume": 12216825,
        "typical_volume": 15092129.55,
        "trend": 13.337222,
        "fair_value": 13.573795,
        "relative_strength": 12.220625,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -65.953673,
        "energy": 47.216221,
        "activity_lines": [
          12.894577,
          13.149893,
          13.203336,
          13.209749
        ]
      },
      {
        "date": "2024-01-19",
        "close": 11.520986,
        "volume": 15781721,
        "typical_volume": 15163736.2,
        "trend": 13.246627,
        "fair_value": 13.533719,
        "relative_strength": 4.571135,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.131446,
        "energy": 75.633522,
        "activity_lines": [
          12.403628,
          12.814701,
          13.050646,
          13.092573
        ]
      },
      {
        "date": "2024-01-26",
        "close": 11.321142,
        "volume": 16957116,
        "typical_volume": 15239778.8,
        "trend": 13.143713,
        "fair_value": 13.495365,
        "relative_strength": 2.606222,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.948754,
        "energy": 82.94396,
        "activity_lines": [
          11.964638,
          12.48187,
          12.883063,
          12.968348
        ]
      },
      {
        "date": "2024-02-02",
        "close": 9.092886,
        "volume": 18499810,
        "typical_volume": 15247345.75,
        "trend": 12.958203,
        "fair_value": 13.437871,
        "relative_strength": -10.479707,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -96.584207,
        "energy": 95.561145,
        "activity_lines": [
          10.897474,
          11.793318,
          12.509165,
          12.707004
        ]
      },
      {
        "date": "2024-02-09",
        "close": 8.023722,
        "volume": 38928971,
        "typical_volume": 16552645.55,
        "trend": 12.765345,
        "fair_value": 13.373523,
        "relative_strength": -27.65984,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -95.737336,
        "energy": 97.852158,
        "activity_lines": [
          9.740379,
          10.998485,
          12.054235,
          12.388651
        ]
      },
      {
        "date": "2024-02-23",
        "close": 9.502565,
        "volume": 30314394,
        "typical_volume": 17560212.6,
        "trend": 12.625122,
        "fair_value": 13.337632,
        "relative_strength": -16.604789,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.086002,
        "energy": 88.056575,
        "activity_lines": [
          9.403309,
          10.577724,
          11.76332,
          12.178149
        ]
      },
      {
        "date": "2024-03-01",
        "close": 9.682424,
        "volume": 31053819,
        "typical_volume": 18680440.95,
        "trend": 12.505548,
        "fair_value": 13.314205,
        "relative_strength": -18.189789,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.498049,
        "energy": 86.436934,
        "activity_lines": [
          9.333364,
          10.257611,
          11.504284,
          11.988297
        ]
      },
      {
        "date": "2024-03-08",
        "close": 10.182033,
        "volume": 44967131,
        "typical_volume": 20113361.7,
        "trend": 12.391638,
        "fair_value": 13.303948,
        "relative_strength": -13.211769,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.750569,
        "energy": 60.861018,
        "activity_lines": [
          9.552526,
          10.094102,
          11.307819,
          11.838393
        ]
      },
      {
        "date": "2024-03-15",
        "close": 12.09054,
        "volume": 110810351,
        "typical_volume": 24893957.95,
        "trend": 12.346673,
        "fair_value": 13.306563,
        "relative_strength": 0.278406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.078171,
        "energy": 30.163226,
        "activity_lines": [
          10.483797,
          10.329554,
          11.306725,
          11.818967
        ]
      },
      {
        "date": "2024-03-22",
        "close": 11.940657,
        "volume": 123776686,
        "typical_volume": 30138477.85,
        "trend": 12.306371,
        "fair_value": 13.300487,
        "relative_strength": -0.561943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.680275,
        "energy": 22.771207,
        "activity_lines": [
          11.165264,
          10.555922,
          11.294163,
          11.792773
        ]
      },
      {
        "date": "2024-03-29",
        "close": 11.810759,
        "volume": 72568994,
        "typical_volume": 32895474.1,
        "trend": 12.255078,
        "fair_value": 13.293003,
        "relative_strength": -0.066833,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.2096,
        "energy": 24.204483,
        "activity_lines": [
          11.542302,
          10.776659,
          11.274464,
          11.760798
        ]
      },
      {
        "date": "2024-04-05",
        "close": 11.970634,
        "volume": 50308656,
        "typical_volume": 34529381.6,
        "trend": 12.241089,
        "fair_value": 13.284179,
        "relative_strength": -0.337215,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -13.647729,
        "energy": 22.934993,
        "activity_lines": [
          11.818753,
          11.040998,
          11.277319,
          11.742447
        ]
      },
      {
        "date": "2024-04-12",
        "close": 10.44183,
        "volume": 43694809,
        "typical_volume": 35162920.8,
        "trend": 12.170477,
        "fair_value": 13.27252,
        "relative_strength": -10.100824,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.460442,
        "energy": 19.997423,
        "activity_lines": [
          11.433054,
          11.019196,
          11.142567,
          11.626365
        ]
      },
      {
        "date": "2024-04-19",
        "close": 11.121298,
        "volume": 58571475,
        "typical_volume": 37268765.75,
        "trend": 12.092538,
        "fair_value": 13.261958,
        "relative_strength": -4.841946,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.837511,
        "energy": 8.601448,
        "activity_lines": [
          11.256526,
          11.136922,
          11.089656,
          11.558676
        ]
      },
      {
        "date": "2024-04-26",
        "close": 11.910681,
        "volume": 97013637,
        "typical_volume": 41478506.1,
        "trend": 12.059897,
        "fair_value": 13.258884,
        "relative_strength": -0.261177,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.350802,
        "energy": 5.412881,
        "activity_lines": [
          11.407741,
          11.361292,
          11.125343,
          11.546944
        ]
      },
      {
        "date": "2024-05-03",
        "close": 11.870712,
        "volume": 41445802,
        "typical_volume": 42644557.05,
        "trend": 12.035583,
        "fair_value": 13.252679,
        "relative_strength": -2.034683,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.036241,
        "energy": 5.24812,
        "activity_lines": [
          11.547631,
          11.507723,
          11.166263,
          11.534738
        ]
      },
      {
        "date": "2024-05-10",
        "close": 15.587804,
        "volume": 251958807,
        "typical_volume": 54622477.7,
        "trend": 12.127511,
        "fair_value": 13.272985,
        "relative_strength": 25.936364,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 41.070566,
        "energy": 43.470871,
        "activity_lines": [
          12.922556,
          12.286932,
          11.567711,
          11.763914
        ]
      },
      {
        "date": "2024-05-17",
        "close": 16.397169,
        "volume": 211479819,
        "typical_volume": 64634718.75,
        "trend": 12.239423,
        "fair_value": 13.297776,
        "relative_strength": 31.769559,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 44.558163,
        "energy": 63.475716,
        "activity_lines": [
          14.326124,
          13.105927,
          12.035345,
          12.039376
        ]
      },
      {
        "date": "2024-05-24",
        "close": 14.228867,
        "volume": 183603129,
        "typical_volume": 73264437.35,
        "trend": 12.29105,
        "fair_value": 13.311224,
        "relative_strength": 17.208606,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.568572,
        "energy": 60.362297,
        "activity_lines": [
          14.609902,
          13.417683,
          12.280487,
          12.167727
        ]
      },
      {
        "date": "2024-05-31",
        "close": 14.009039,
        "volume": 86756337,
        "typical_volume": 77035414.45,
        "trend": 12.323358,
        "fair_value": 13.326266,
        "relative_strength": 15.771294,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.765628,
        "energy": 60.645199,
        "activity_lines": [
          14.613233,
          13.650592,
          12.499268,
          12.278565
        ]
      },
      {
        "date": "2024-06-07",
        "close": 12.86993,
        "volume": 81151751,
        "typical_volume": 80482160.75,
        "trend": 12.30737,
        "fair_value": 13.330555,
        "relative_strength": 7.413262,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 55.840167,
        "energy": 45.698019,
        "activity_lines": [
          14.09697,
          13.638783,
          12.604424,
          12.313828
        ]
      },
      {
        "date": "2024-06-14",
        "close": 12.780001,
        "volume": 39696521,
        "typical_volume": 81677900.75,
        "trend": 12.278393,
        "fair_value": 13.318996,
        "relative_strength": 6.590964,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 38.745039,
        "energy": 21.266897,
        "activity_lines": [
          13.484116,
          13.591366,
          12.699778,
          12.34432
        ]
      },
      {
        "date": "2024-06-21",
        "close": 12.17,
        "volume": 67942491,
        "typical_volume": 84227169.5,
        "trend": 12.216092,
        "fair_value": 13.304486,
        "relative_strength": 3.521797,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.11703,
        "energy": 18.738551,
        "activity_lines": [
          12.855116,
          13.418323,
          12.731041,
          12.337327
        ]
      },
      {
        "date": "2024-06-28",
        "close": 12.23,
        "volume": 47690636,
        "typical_volume": 85686710.8,
        "trend": 12.159123,
        "fair_value": 13.292021,
        "relative_strength": 6.379602,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.063444,
        "energy": 19.751456,
        "activity_lines": [
          12.527927,
          13.224769,
          12.763976,
          12.338224
        ]
      },
      {
        "date": "2024-07-05",
        "close": 11.53,
        "volume": 34745002,
        "typical_volume": 85477512.35,
        "trend": 12.083149,
        "fair_value": 13.27475,
        "relative_strength": 2.022406,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.250022,
        "energy": 17.207555,
        "activity_lines": [
          12.100662,
          12.883783,
          12.715307,
          12.297635
        ]
      },
      {
        "date": "2024-07-12",
        "close": 11.67,
        "volume": 31947325,
        "typical_volume": 85559158.9,
        "trend": 12.030828,
        "fair_value": 13.256268,
        "relative_strength": 1.429297,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.168882,
        "energy": 19.076998,
        "activity_lines": [
          11.885333,
          12.575174,
          12.663274,
          12.270981
        ]
      },
      {
        "date": "2024-07-19",
        "close": 11.3,
        "volume": 25920911,
        "typical_volume": 85302513.5,
        "trend": 11.964175,
        "fair_value": 13.232411,
        "relative_strength": -2.3301,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.84324,
        "energy": 22.633325,
        "activity_lines": [
          11.626667,
          12.202941,
          12.565681,
          12.22383
        ]
      },
      {
        "date": "2024-07-26",
        "close": 11.63,
        "volume": 33468517,
        "typical_volume": 84727582.8,
        "trend": 11.917182,
        "fair_value": 13.203448,
        "relative_strength": 3.923169,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.428643,
        "energy": 24.742601,
        "activity_lines": [
          11.576667,
          11.968668,
          12.491815,
          12.202271
        ]
      },
      {
        "date": "2024-08-02",
        "close": 15.6,
        "volume": 169202711,
        "typical_volume": 87647200.8,
        "trend": 12.000856,
        "fair_value": 13.211884,
        "relative_strength": 38.885621,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 48.569354,
        "energy": 21.301761,
        "activity_lines": [
          12.886,
          12.542889,
          12.789148,
          12.439872
        ]
      },
      {
        "date": "2024-08-09",
        "close": 13.22,
        "volume": 185767151,
        "typical_volume": 90746724.05,
        "trend": 12.010527,
        "fair_value": 13.198287,
        "relative_strength": 19.326688,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 31.745427,
        "energy": 21.054104,
        "activity_lines": [
          13.177333,
          12.659453,
          12.843104,
          12.518526
        ]
      },
      {
        "date": "2024-08-16",
        "close": 12.4,
        "volume": 75901251,
        "typical_volume": 90913336.9,
        "trend": 12.003523,
        "fair_value": 13.176301,
        "relative_strength": 12.040665,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 30.275174,
        "energy": 23.034157,
        "activity_lines": [
          13.082667,
          12.641273,
          12.812872,
          12.543654
        ]
      },
      {
        "date": "2024-08-23",
        "close": 11.5,
        "volume": 48785872,
        "typical_volume": 90837197.7,
        "trend": 12.002823,
        "fair_value": 13.134926,
        "relative_strength": 5.75167,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 16.196914,
        "energy": 16.018341,
        "activity_lines": [
          12.639333,
          12.468,
          12.69412,
          12.511168
        ]
      },
      {
        "date": "2024-08-30",
        "close": 11.72,
        "volume": 45482432,
        "typical_volume": 90926578.85,
        "trend": 12.016118,
        "fair_value": 13.104872,
        "relative_strength": 5.430158,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 4.22899,
        "energy": 7.6758,
        "activity_lines": [
          12.256,
          12.358,
          12.598561,
          12.492922
        ]
      },
      {
        "date": "2024-09-06",
        "close": 11.1,
        "volume": 36485258,
        "typical_volume": 89822268.0,
        "trend": 12.083022,
        "fair_value": 13.063043,
        "relative_strength": 2.316466,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -22.582418,
        "energy": 30.464728,
        "activity_lines": [
          11.66,
          12.143455,
          12.437868,
          12.433817
        ]
      },
      {
        "date": "2024-09-13",
        "close": 11.05,
        "volume": 27266535,
        "typical_volume": 86334912.9,
        "trend": 12.183898,
        "fair_value": 13.016354,
        "relative_strength": 3.459853,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.955156,
        "energy": 44.598302,
        "activity_lines": [
          11.347333,
          11.940364,
          12.272515,
          12.367171
        ]
      },
      {
        "date": "2024-09-20",
        "close": 11.04,
        "volume": 16406837,
        "typical_volume": 85082964.65,
        "trend": 12.235146,
        "fair_value": 12.969729,
        "relative_strength": 2.108522,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.947217,
        "energy": 49.919999,
        "activity_lines": [
          11.176,
          11.744182,
          12.110307,
          12.293371
        ]
      },
      {
        "date": "2024-09-27",
        "close": 13.02,
        "volume": 72237987,
        "typical_volume": 76096923.65,
        "trend": 12.346398,
        "fair_value": 12.941423,
        "relative_strength": 2.056846,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -39.254946,
        "energy": 31.47187,
        "activity_lines": [
          11.755333,
          11.919455,
          12.140627,
          12.344007
        ]
      },
      {
        "date": "2024-10-04",
        "close": 14.82,
        "volume": 39205478,
        "typical_volume": 67483206.6,
        "trend": 12.500997,
        "fair_value": 12.923184,
        "relative_strength": 4.714898,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 34.214782,
        "energy": 21.028002,
        "activity_lines": [
          12.833333,
          12.390727,
          12.354604,
          12.503594
        ]
      },
      {
        "date": "2024-10-11",
        "close": 13.92,
        "volume": 122974924,
        "typical_volume": 64451796.35,
        "trend": 12.561979,
        "fair_value": 12.901159,
        "relative_strength": 2.772549,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.968488,
        "energy": 25.50246,
        "activity_lines": [
          13.404667,
          12.640364,
          12.490376,
          12.595142
        ]
      },
      {
        "date": "2024-10-18",
        "close": 15.52,
        "volume": 105653388,
        "typical_volume": 65396648.9,
        "trend": 12.681291,
        "fair_value": 12.897127,
        "relative_strength": 10.978253,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 60.551523,
        "energy": 48.210794,
        "activity_lines": [
          14.321333,
          13.211455,
          12.78,
          12.785982
        ]
      },
      {
        "date": "2024-10-25",
        "close": 21.790001,
        "volume": 291951669,
        "typical_volume": 75936644.8,
        "trend": 13.013932,
        "fair_value": 12.930409,
        "relative_strength": 50.409178,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.384162,
        "energy": 86.68504,
        "activity_lines": [
          17.03,
          14.880727,
          13.659572,
          13.373641
        ]
      },
      {
        "date": "2024-11-01",
        "close": 20.73,
        "volume": 268303499,
        "typical_volume": 87366993.7,
        "trend": 13.305911,
        "fair_value": 12.96636,
        "relative_strength": 44.025678,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.351018,
        "energy": 92.626035,
        "activity_lines": [
          18.668667,
          16.186546,
          14.395714,
          13.871452
        ]
      },
      {
        "date": "2024-11-08",
        "close": 21.059999,
        "volume": 195645449,
        "typical_volume": 93752141.6,
        "trend": 13.65985,
        "fair_value": 13.003596,
        "relative_strength": 36.049645,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.452316,
        "energy": 92.253452,
        "activity_lines": [
          19.903333,
          17.384545,
          15.125429,
          14.371716
        ]
      },
      {
        "date": "2024-11-15",
        "close": 18.5,
        "volume": 99901885,
        "typical_volume": 96362704.05,
        "trend": 13.905807,
        "fair_value": 13.024612,
        "relative_strength": 23.495837,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.439192,
        "energy": 85.101994,
        "activity_lines": [
          19.868667,
          17.947273,
          15.569,
          14.683983
        ]
      },
      {
        "date": "2024-11-22",
        "close": 17.43,
        "volume": 71154856,
        "typical_volume": 98183196.75,
        "trend": 14.089784,
        "fair_value": 13.044972,
        "relative_strength": 19.378031,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.915964,
        "energy": 63.835462,
        "activity_lines": [
          19.172,
          18.180909,
          15.88081,
          14.911351
        ]
      },
      {
        "date": "2024-11-29",
        "close": 18.120001,
        "volume": 53820745,
        "typical_volume": 99276867.75,
        "trend": 14.298094,
        "fair_value": 13.073847,
        "relative_strength": 21.594285,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.928143,
        "energy": 45.828232,
        "activity_lines": [
          18.578,
          18.424,
          16.230238,
          15.171365
        ]
      },
      {
        "date": "2024-12-06",
        "close": 18.27,
        "volume": 48716939,
        "typical_volume": 100416669.15,
        "trend": 14.3875,
        "fair_value": 13.100935,
        "relative_strength": 20.112113,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.11492,
        "energy": 31.806157,
        "activity_lines": [
          18.278667,
          18.565636,
          16.563238,
          15.427617
        ]
      },
      {
        "date": "2024-12-13",
        "close": 18.030001,
        "volume": 63318042,
        "typical_volume": 101909145.4,
        "trend": 14.441928,
        "fair_value": 13.120026,
        "relative_strength": 18.918096,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.430355,
        "energy": 26.739697,
        "activity_lines": [
          18.063334,
          18.568182,
          16.840191,
          15.662617
        ]
      },
      {
        "date": "2024-12-20",
        "close": 17.07,
        "volume": 44774397,
        "typical_volume": 95687729.7,
        "trend": 14.536632,
        "fair_value": 13.133858,
        "relative_strength": 13.003035,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.869428,
        "energy": 22.846648,
        "activity_lines": [
          17.73,
          18.337818,
          16.995238,
          15.83217
        ]
      },
      {
        "date": "2024-12-27",
        "close": 18.24,
        "volume": 68801784,
        "typical_volume": 89839461.35,
        "trend": 14.677664,
        "fair_value": 13.156149,
        "relative_strength": 20.113589,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.125987,
        "energy": 22.077644,
        "activity_lines": [
          17.882,
          18.262909,
          17.254714,
          16.071097
        ]
      },
      {
        "date": "2025-01-03",
        "close": 15.35,
        "volume": 116627203,
        "typical_volume": 91875758.95,
        "trend": 14.760333,
        "fair_value": 13.149684,
        "relative_strength": 8.614743,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.446319,
        "energy": 14.254504,
        "activity_lines": [
          17.016667,
          17.613091,
          17.215048,
          16.114473
        ]
      },
      {
        "date": "2025-01-10",
        "close": 14.76,
        "volume": 56988420,
        "typical_volume": 92285886.35,
        "trend": 14.826333,
        "fair_value": 13.143594,
        "relative_strength": 5.393173,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.696184,
        "energy": 10.425814,
        "activity_lines": [
          16.139333,
          16.973091,
          17.105143,
          16.114452
        ]
      },
      {
        "date": "2025-01-17",
        "close": 15.56,
        "volume": 44224457,
        "typical_volume": 92222987.6,
        "trend": 14.939333,
        "fair_value": 13.141416,
        "relative_strength": 6.924032,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.545509,
        "energy": 14.339403,
        "activity_lines": [
          15.762667,
          16.587091,
          17.055905,
          16.161785
        ]
      },
      {
        "date": "2025-01-24",
        "close": 15.57,
        "volume": 52632023,
        "typical_volume": 93030325.85,
        "trend": 15.050667,
        "fair_value": 13.145505,
        "relative_strength": 5.3416,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.956799,
        "energy": 19.199328,
        "activity_lines": [
          15.554,
          16.302909,
          16.989333,
          16.202473
        ]
      },
      {
        "date": "2025-01-31",
        "close": 14.78,
        "volume": 11381545,
        "typical_volume": 92236076.35,
        "trend": 15.159,
        "fair_value": 13.140246,
        "relative_strength": 1.121181,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -4.983524,
        "energy": 31.644723,
        "activity_lines": [
          15.182,
          15.928364,
          16.826238,
          16.185011
        ]
      },
      {
        "date": "2025-02-07",
        "close": 15.93,
        "volume": 32338538,
        "typical_volume": 93032661.4,
        "trend": 15.301,
        "fair_value": 13.148497,
        "relative_strength": 4.136387,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 1.255692,
        "energy": 27.757797,
        "activity_lines": [
          15.424,
          15.811091,
          16.754905,
          16.234753
        ]
      },
      {
        "date": "2025-02-14",
        "close": 16.32,
        "volume": 54372874,
        "typical_volume": 92139405.75,
        "trend": 15.468333,
        "fair_value": 13.161102,
        "relative_strength": 4.121856,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 5.080126,
        "energy": 14.731784,
        "activity_lines": [
          15.757333,
          15.804545,
          16.697429,
          16.300495
        ]
      },
      {
        "date": "2025-02-21",
        "close": 16.58,
        "volume": 50534128,
        "typical_volume": 92705838.25,
        "trend": 15.633333,
        "fair_value": 13.176653,
        "relative_strength": 2.827738,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.815747,
        "energy": 10.872343,
        "activity_lines": [
          16.073333,
          15.880727,
          16.649,
          16.372215
        ]
      },
      {
        "date": "2025-02-28",
        "close": 15.95,
        "volume": 59508014,
        "typical_volume": 89532492.75,
        "trend": 15.645,
        "fair_value": 13.193025,
        "relative_strength": 1.827631,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.502331,
        "energy": 14.796552,
        "activity_lines": [
          16.111333,
          15.868727,
          16.532191,
          16.392645
        ]
      },
      {
        "date": "2025-03-07",
        "close": 17.1,
        "volume": 85166541,
        "typical_volume": 88508150.4,
        "trend": 15.774333,
        "fair_value": 13.212484,
        "relative_strength": 6.150971,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.432339,
        "energy": 20.21832,
        "activity_lines": [
          16.507333,
          16.086182,
          16.515238,
          16.486516
        ]
      },
      {
        "date": "2025-03-14",
        "close": 16.9,
        "volume": 66254521,
        "typical_volume": 77223293.0,
        "trend": 15.924333,
        "fair_value": 13.227592,
        "relative_strength": 3.247063,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 26.160909,
        "energy": 17.060544,
        "activity_lines": [
          16.682,
          16.288,
          16.471714,
          16.55914
        ]
      },
      {
        "date": "2025-03-21",
        "close": 16.23,
        "volume": 40409616,
        "typical_volume": 65828598.85,
        "trend": 16.082,
        "fair_value": 13.23572,
        "relative_strength": 1.497428,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 19.36799,
        "energy": 11.984972,
        "activity_lines": [
          16.568667,
          16.339818,
          16.387667,
          16.57886
        ]
      },
      {
        "date": "2025-03-28",
        "close": 15.08,
        "volume": 31980292,
        "typical_volume": 57645341.0,
        "trend": 16.194,
        "fair_value": 13.238075,
        "relative_strength": -5.182578,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.459409,
        "energy": 12.105014,
        "activity_lines": [
          16.078,
          16.155818,
          16.215524,
          16.514215
        ]
      },
      {
        "date": "2025-04-04",
        "close": 14.97,
        "volume": 14473539,
        "typical_volume": 53373923.7,
        "trend": 16.323,
        "fair_value": 13.245927,
        "relative_strength": -3.914562,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -33.523145,
        "energy": 40.4542,
        "activity_lines": [
          15.650667,
          15.960545,
          16.061381,
          16.435247
        ]
      },
      {
        "date": "2025-04-11",
        "close": 13.75,
        "volume": 67299926,
        "typical_volume": 53181177.2,
        "trend": 16.413,
        "fair_value": 13.250178,
        "relative_strength": -7.29362,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.439528,
        "energy": 69.967185,
        "activity_lines": [
          14.882,
          15.554364,
          15.807857,
          16.269247
        ]
      },
      {
        "date": "2025-04-18",
        "close": 14.1,
        "volume": 66157423,
        "typical_volume": 53798011.1,
        "trend": 16.515,
        "fair_value": 13.251046,
        "relative_strength": -4.715993,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.263163,
        "energy": 73.134096,
        "activity_lines": [
          14.453333,
          15.230545,
          15.60519,
          16.120022
        ]
      },
      {
        "date": "2025-04-25",
        "close": 14.25,
        "volume": 51050267,
        "typical_volume": 53914677.5,
        "trend": 16.556,
        "fair_value": 13.258247,
        "relative_strength": -5.23209,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.948566,
        "energy": 71.353955,
        "activity_lines": [
          14.261333,
          14.967273,
          15.435952,
          15.973893
        ]
      },
      {
        "date": "2025-05-02",
        "close": 14.4,
        "volume": 18309077,
        "typical_volume": 51664229.25,
        "trend": 16.542,
        "fair_value": 13.269222,
        "relative_strength": -4.33032,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.830097,
        "energy": 65.640921,
        "activity_lines": [
          14.251333,
          14.768909,
          15.300143,
          15.834796
        ]
      },
      {
        "date": "2025-05-09",
        "close": 16.040001,
        "volume": 84428462,
        "typical_volume": 53646932.5,
        "trend": 16.612667,
        "fair_value": 13.29736,
        "relative_strength": 4.200176,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.818796,
        "energy": 31.018945,
        "activity_lines": [
          14.833334,
          14.908364,
          15.33781,
          15.802409
        ]
      },
      {
        "date": "2025-05-16",
        "close": 15.62,
        "volume": 93132617,
        "typical_volume": 54863474.15,
        "trend": 16.616,
        "fair_value": 13.327985,
        "relative_strength": 1.143225,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.35309,
        "energy": 17.793588,
        "activity_lines": [
          15.204,
          14.969818,
          15.340381,
          15.738366
        ]
      },
      {
        "date": "2025-05-23",
        "close": 15.0,
        "volume": 40272989,
        "typical_volume": 51045763.45,
        "trend": 16.389667,
        "fair_value": 13.360518,
        "relative_strength": -2.382734,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.567491,
        "energy": 17.667447,
        "activity_lines": [
          15.243334,
          14.945455,
          15.296381,
          15.634108
        ]
      },
      {
        "date": "2025-05-30",
        "close": 15.87,
        "volume": 40394443,
        "typical_volume": 50216064.6,
        "trend": 16.227667,
        "fair_value": 13.397669,
        "relative_strength": 4.111458,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -19.672798,
        "energy": 17.02931,
        "activity_lines": [
          15.512667,
          15.113818,
          15.336905,
          15.600581
        ]
      },
      {
        "date": "2025-06-06",
        "close": 15.79,
        "volume": 33969833,
        "typical_volume": 49703333.4,
        "trend": 16.052,
        "fair_value": 13.432389,
        "relative_strength": 1.924743,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.92297,
        "energy": 14.157963,
        "activity_lines": [
          15.647333,
          15.274182,
          15.364524,
          15.572344
        ]
      },
      {
        "date": "2025-06-13",
        "close": 16.01,
        "volume": 53986295,
        "typical_volume": 49771047.0,
        "trend": 15.969,
        "fair_value": 13.467433,
        "relative_strength": 3.71093,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.981807,
        "energy": 9.064667,
        "activity_lines": [
          15.762667,
          15.461636,
          15.412,
          15.569634
        ]
      },
      {
        "date": "2025-06-20",
        "close": 15.42,
        "volume": 59664528,
        "typical_volume": 52185196.15,
        "trend": 15.902,
        "fair_value": 13.497159,
        "relative_strength": 0.805353,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.493121,
        "energy": 10.79487,
        "activity_lines": [
          15.683333,
          15.522909,
          15.401191,
          15.534215
        ]
      },
      {
        "date": "2025-06-27",
        "close": 16.73,
        "volume": 76512512,
        "typical_volume": 54393894.85,
        "trend": 15.855667,
        "fair_value": 13.531958,
        "relative_strength": 5.129138,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.911331,
        "energy": 22.01607,
        "activity_lines": [
          16.054,
          15.792,
          15.512095,
          15.587634
        ]
      },
      {
        "date": "2025-07-04",
        "close": 16.66,
        "volume": 77135007,
        "typical_volume": 55532001.5,
        "trend": 15.802,
        "fair_value": 13.568163,
        "relative_strength": 3.056851,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.28358,
        "energy": 29.006429,
        "activity_lines": [
          16.286,
          16.000545,
          15.612524,
          15.639527
        ]
      },
      {
        "date": "2025-07-11",
        "close": 16.57,
        "volume": 40082547,
        "typical_volume": 55009422.45,
        "trend": 15.753333,
        "fair_value": 13.603215,
        "relative_strength": 0.414722,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.862737,
        "energy": 38.61935,
        "activity_lines": [
          16.435333,
          16.148909,
          15.702762,
          15.689075
        ]
      },
      {
        "date": "2025-07-18",
        "close": 16.860001,
        "volume": 41324766,
        "typical_volume": 54100260.05,
        "trend": 15.746333,
        "fair_value": 13.636738,
        "relative_strength": -0.209135,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 62.800047,
        "energy": 58.446926,
        "activity_lines": [
          16.629334,
          16.310546,
          15.820667,
          15.760473
        ]
      },
      {
        "date": "2025-07-25",
        "close": 16.91,
        "volume": 41188673,
        "typical_volume": 51901366.65,
        "trend": 15.702,
        "fair_value": 13.673522,
        "relative_strength": -2.387849,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.272966,
        "energy": 56.835847,
        "activity_lines": [
          16.783334,
          16.466364,
          15.939,
          15.835548
        ]
      },
      {
        "date": "2025-08-01",
        "close": 16.73,
        "volume": 46539217,
        "typical_volume": 50915601.45,
        "trend": 15.748,
        "fair_value": 13.707618,
        "relative_strength": -1.504902,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.179005,
        "energy": 48.990866,
        "activity_lines": [
          16.778,
          16.566,
          16.041095,
          15.901871
        ]
      },
      {
        "date": "2025-08-08",
        "close": 17.67,
        "volume": 74063576,
        "typical_volume": 52598299.45,
        "trend": 15.845,
        "fair_value": 13.750095,
        "relative_strength": 2.728905,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.466737,
        "energy": 61.948478,
        "activity_lines": [
          17.086,
          16.805091,
          16.233524,
          16.025871
        ]
      },
      {
        "date": "2025-08-15",
        "close": 16.950001,
        "volume": 57322061,
        "typical_volume": 53865387.9,
        "trend": 15.891333,
        "fair_value": 13.784372,
        "relative_strength": -5.709608,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.999995,
        "energy": 51.335315,
        "activity_lines": [
          17.086667,
          16.880546,
          16.350524,
          16.097161
        ]
      },
      {
        "date": "2025-08-22",
        "close": 17.299999,
        "volume": 53851527,
        "typical_volume": 55834287.3,
        "trend": 15.949,
        "fair_value": 13.81334,
        "relative_strength": -7.984921,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.046555,
        "energy": 49.653767,
        "activity_lines": [
          17.178667,
          16.998546,
          16.491952,
          16.188043
        ]
      },
      {
        "date": "2025-08-29",
        "close": 17.01,
        "volume": 66889883,
        "typical_volume": 55813785.15,
        "trend": 16.023333,
        "fair_value": 13.839297,
        "relative_strength": -13.235608,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.553328,
        "energy": 44.128853,
        "activity_lines": [
          17.144667,
          17.040364,
          16.594667,
          16.256495
        ]
      },
      {
        "date": "2025-09-05",
        "close": 15.67,
        "volume": 49427610,
        "typical_volume": 54977294.5,
        "trend": 16.014667,
        "fair_value": 13.860441,
        "relative_strength": -19.279096,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 22.261785,
        "energy": 13.092681,
        "activity_lines": [
          16.657333,
          16.809636,
          16.554238,
          16.233699
        ]
      },
      {
        "date": "2025-09-12",
        "close": 15.74,
        "volume": 28880197,
        "typical_volume": 53868791.0,
        "trend": 15.995333,
        "fair_value": 13.880113,
        "relative_strength": -20.84711,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 15.221962,
        "energy": 14.191162,
        "activity_lines": [
          16.264,
          16.610909,
          16.513,
          16.215979
        ]
      },
      {
        "date": "2025-09-19",
        "close": 15.65,
        "volume": 27211922,
        "typical_volume": 54313933.25,
        "trend": 15.964333,
        "fair_value": 13.905417,
        "relative_strength": -22.017634,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": -0.177214,
        "energy": 16.423318,
        "activity_lines": [
          15.969333,
          16.412545,
          16.456095,
          16.193699
        ]
      },
      {
        "date": "2025-09-26",
        "close": 15.07,
        "volume": 33447733,
        "typical_volume": 51764896.8,
        "trend": 15.935,
        "fair_value": 13.925659,
        "relative_strength": -25.480692,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -30.3714,
        "energy": 34.925223,
        "activity_lines": [
          15.568,
          16.125455,
          16.338,
          16.136
        ]
      },
      {
        "date": "2025-10-03",
        "close": 15.5,
        "volume": 12189148,
        "typical_volume": 47717723.35,
        "trend": 15.881667,
        "fair_value": 13.943984,
        "relative_strength": -24.906812,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.974182,
        "energy": 42.292532,
        "activity_lines": [
          15.458667,
          15.949091,
          16.265476,
          16.107936
        ]
      },
      {
        "date": "2025-10-10",
        "close": 15.6,
        "volume": 11343964,
        "typical_volume": 46271272.1,
        "trend": 15.838333,
        "fair_value": 13.961287,
        "relative_strength": -23.245671,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.318149,
        "energy": 41.509166,
        "activity_lines": [
          15.483333,
          15.816545,
          16.203048,
          16.089763
        ]
      },
      {
        "date": "2025-10-17",
        "close": 16.52,
        "volume": 72560425,
        "typical_volume": 47879571.2,
        "trend": 15.848,
        "fair_value": 13.985191,
        "relative_strength": -14.23696,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -4.730478,
        "energy": 11.882457,
        "activity_lines": [
          15.819333,
          15.871818,
          16.225381,
          16.133742
        ]
      },
      {
        "date": "2025-10-24",
        "close": 18.209999,
        "volume": 117664323,
        "typical_volume": 52064295.7,
        "trend": 15.952333,
        "fair_value": 14.026841,
        "relative_strength": -8.947247,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 56.018248,
        "energy": 31.229138,
        "activity_lines": [
          16.666666,
          16.255273,
          16.405571,
          16.286129
        ]
      },
      {
        "date": "2025-10-31",
        "close": 20.17,
        "volume": 43057078,
        "typical_volume": 51517834.85,
        "trend": 16.125667,
        "fair_value": 14.08272,
        "relative_strength": 0.793701,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.9266,
        "energy": 67.047392,
        "activity_lines": [
          17.996666,
          16.972182,
          16.760905,
          16.558237
        ]
      },
      {
        "date": "2025-11-07",
        "close": 16.700001,
        "volume": 115899031,
        "typical_volume": 54329560.0,
        "trend": 16.224,
        "fair_value": 14.109634,
        "relative_strength": -16.015519,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.511512,
        "energy": 47.669145,
        "activity_lines": [
          17.83,
          17.006,
          16.765952,
          16.59529
        ]
      },
      {
        "date": "2025-11-14",
        "close": 17.08,
        "volume": 93048011,
        "typical_volume": 55156334.95,
        "trend": 16.323333,
        "fair_value": 14.1386,
        "relative_strength": -12.395555,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.562578,
        "energy": 54.408279,
        "activity_lines": [
          17.71,
          17.114545,
          16.801095,
          16.650516
        ]
      },
      {
        "date": "2025-11-21",
        "close": 15.65,
        "volume": 61599715,
        "typical_volume": 54379570.35,
        "trend": 16.37,
        "fair_value": 14.154558,
        "relative_strength": -14.92224,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 32.467975,
        "energy": 21.009757,
        "activity_lines": [
          17.014667,
          16.937455,
          16.698381,
          16.607075
        ]
      },
      {
        "date": "2025-11-28",
        "close": 17.01,
        "volume": 86920614,
        "typical_volume": 56721473.7,
        "trend": 16.457,
        "fair_value": 14.180451,
        "relative_strength": -10.237661,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 29.852539,
        "energy": 17.163187,
        "activity_lines": [
          16.830667,
          17.009273,
          16.73,
          16.648366
        ]
      },
      {
        "date": "2025-12-05",
        "close": 17.940001,
        "volume": 102807912,
        "typical_volume": 59795631.0,
        "trend": 16.520333,
        "fair_value": 14.214674,
        "relative_strength": -6.101549,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 42.770329,
        "energy": 19.175162,
        "activity_lines": [
          17.036667,
          17.225455,
          16.848095,
          16.744043
        ]
      },
      {
        "date": "2025-12-12",
        "close": 17.59,
        "volume": 91899858,
        "typical_volume": 62331190.25,
        "trend": 16.586,
        "fair_value": 14.252094,
        "relative_strength": -8.269327,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.149201,
        "energy": 16.366144,
        "activity_lines": [
          17.274667,
          17.325818,
          16.927714,
          16.813054
        ]
      },
      {
        "date": "2025-12-19",
        "close": 17.530001,
        "volume": 74547820,
        "typical_volume": 63731620.4,
        "trend": 16.670333,
        "fair_value": 14.287081,
        "relative_strength": -7.429031,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.894335,
        "energy": 28.884022,
        "activity_lines": [
          17.433334,
          17.377273,
          16.998381,
          16.873957
        ]
      },
      {
        "date": "2025-12-26",
        "close": 18.360001,
        "volume": 108047179,
        "typical_volume": 65430800.55,
        "trend": 16.753333,
        "fair_value": 14.326684,
        "relative_strength": -5.896755,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.807928,
        "energy": 42.406476,
        "activity_lines": [
          17.838667,
          17.544546,
          17.144286,
          16.982968
        ]
      },
      {
        "date": "2026-01-02",
        "close": 18.309999,
        "volume": 50179965,
        "typical_volume": 65073695.75,
        "trend": 16.837333,
        "fair_value": 14.365903,
        "relative_strength": -5.355554,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.536645,
        "energy": 41.849156,
        "activity_lines": [
          18.046667,
          17.669273,
          17.282143,
          17.083398
        ]
      },
      {
        "date": "2026-01-09",
        "close": 19.950001,
        "volume": 138063812,
        "typical_volume": 69284310.0,
        "trend": 16.968667,
        "fair_value": 14.419667,
        "relative_strength": -1.099893,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.208593,
        "energy": 55.123689,
        "activity_lines": [
          18.714667,
          18.090364,
          17.569715,
          17.284215
        ]
      },
      {
        "date": "2026-01-16",
        "close": 19.1,
        "volume": 168740230,
        "typical_volume": 74376827.35,
        "trend": 17.091333,
        "fair_value": 14.466574,
        "relative_strength": -6.135727,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.344624,
        "energy": 53.262282,
        "activity_lines": [
          18.965334,
          18.360909,
          17.763715,
          17.421721
        ]
      },
      {
        "date": "2026-01-23",
        "close": 19.940001,
        "volume": 107300601,
        "typical_volume": 77270476.9,
        "trend": 17.198334,
        "fair_value": 14.516882,
        "relative_strength": -2.911131,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.268857,
        "energy": 59.256621,
        "activity_lines": [
          19.395334,
          18.740546,
          18.027762,
          17.605506
        ]
      },
      {
        "date": "2026-01-30",
        "close": 18.41,
        "volume": 80001915,
        "typical_volume": 79826562.8,
        "trend": 17.256667,
        "fair_value": 14.559622,
        "relative_strength": -8.688964,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.121864,
        "energy": 48.181456,
        "activity_lines": [
          19.154667,
          18.79,
          18.125762,
          17.683678
        ]
      },
      {
        "date": "2026-02-06",
        "close": 18.51,
        "volume": 58950078,
        "typical_volume": 81413470.6,
        "trend": 17.321333,
        "fair_value": 14.598267,
        "relative_strength": -5.994841,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.897501,
        "energy": 32.249627,
        "activity_lines": [
          18.944,
          18.807455,
          18.220572,
          17.764538
        ]
      },
      {
        "date": "2026-02-13",
        "close": 19.4,
        "volume": 56837756,
        "typical_volume": 82582971.75,
        "trend": 17.406,
        "fair_value": 14.638648,
        "relative_strength": -2.638438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.819693,
        "energy": 31.963076,
        "activity_lines": [
          19.016667,
          18.959455,
          18.386524,
          17.898645
        ]
      },
      {
        "date": "2026-02-27",
        "close": 19.719999,
        "volume": 55696746,
        "typical_volume": 84758351.65,
        "trend": 17.499667,
        "fair_value": 14.680249,
        "relative_strength": -3.534438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.022529,
        "energy": 31.126281,
        "activity_lines": [
          19.232666,
          19.143091,
          18.562333,
          18.047936
        ]
      },
      {
        "date": "2026-03-06",
        "close": 18.93,
        "volume": 73516088,
        "typical_volume": 87866957.85,
        "trend": 17.573,
        "fair_value": 14.716913,
        "relative_strength": -5.075294,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.329313,
        "energy": 24.244989,
        "activity_lines": [
          19.144,
          19.144364,
          18.64281,
          18.140215
        ]
      },
      {
        "date": "2026-03-13",
        "close": 17.77,
        "volume": 64158217,
        "typical_volume": 87446847.45,
        "trend": 17.576333,
        "fair_value": 14.739997,
        "relative_strength": -11.163108,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 28.892334,
        "energy": 16.373083,
        "activity_lines": [
          18.736,
          18.909273,
          18.596953,
          18.152925
        ]
      },
      {
        "date": "2026-03-20",
        "close": 16.459999,
        "volume": 36441467,
        "typical_volume": 83385704.65,
        "trend": 17.56,
        "fair_value": 14.758076,
        "relative_strength": -14.839895,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 7.047941,
        "energy": 10.306906,
        "activity_lines": [
          17.934,
          18.446727,
          18.420381,
          18.080903
        ]
      },
      {
        "date": "2026-03-27",
        "close": 16.700001,
        "volume": 41703205,
        "typical_volume": 83318011.0,
        "trend": 17.54,
        "fair_value": 14.777693,
        "relative_strength": -12.565811,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -19.664828,
        "energy": 23.509523,
        "activity_lines": [
          17.348667,
          18.061454,
          18.275,
          18.025419
        ]
      },
      {
        "date": "2026-04-03",
        "close": 15.82,
        "volume": 24507959,
        "typical_volume": 78748457.4,
        "trend": 17.500333,
        "fair_value": 14.79519,
        "relative_strength": -14.364564,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -31.524188,
        "energy": 46.256137,
        "activity_lines": [
          16.65,
          17.575273,
          18.062333,
          17.914452
        ]
      },
      {
        "date": "2026-04-10",
        "close": 16.65,
        "volume": 21269690,
        "typical_volume": 75159541.35,
        "trend": 17.533,
        "fair_value": 14.813078,
        "relative_strength": -15.567302,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.366656,
        "energy": 46.611177,
        "activity_lines": [
          16.488,
          17.299636,
          17.932905,
          17.859591
        ]
      },
      {
        "date": "2026-04-17",
        "close": 18.549999,
        "volume": 60125310,
        "typical_volume": 75085821.1,
        "trend": 17.626667,
        "fair_value": 14.847883,
        "relative_strength": -9.379866,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -7.780229,
        "energy": 27.469656,
        "activity_lines": [
          17.111333,
          17.429273,
          17.986476,
          17.925204
        ]
      },
      {
        "date": "2026-04-24",
        "close": 17.440001,
        "volume": 41633705,
        "typical_volume": 72821475.65,
        "trend": 17.686333,
        "fair_value": 14.871028,
        "relative_strength": -14.788668,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -11.664776,
        "energy": 13.223687,
        "activity_lines": [
          17.312667,
          17.354545,
          17.920524,
          17.913161
        ]
      },
      {
        "date": "2026-05-01",
        "close": 18.370001,
        "volume": 50917218,
        "typical_volume": 70226940.95,
        "trend": 17.796333,
        "fair_value": 14.902886,
        "relative_strength": -10.962169,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 4.509874,
        "energy": 8.5614,
        "activity_lines": [
          17.758667,
          17.468364,
          17.941095,
          17.957269
        ]
      },
      {
        "date": "2026-05-08",
        "close": 19.07,
        "volume": 34608807,
        "typical_volume": 67362388.4,
        "trend": 17.915333,
        "fair_value": 14.942176,
        "relative_strength": -9.988289,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.517391,
        "energy": 22.013011,
        "activity_lines": [
          18.326667,
          17.728182,
          18.026286,
          18.039441
        ]
      },
      {
        "date": "2026-05-15",
        "close": 19.25,
        "volume": 87722356,
        "typical_volume": 68021115.2,
        "trend": 18.037,
        "fair_value": 14.979484,
        "relative_strength": -8.67697,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.210489,
        "energy": 23.813949,
        "activity_lines": [
          18.738,
          18.032546,
          18.121572,
          18.125549
        ]
      },
      {
        "date": "2026-05-22",
        "close": 20.790001,
        "volume": 103014377,
        "typical_volume": 67769475.1,
        "trend": 18.179333,
        "fair_value": 15.027815,
        "relative_strength": -1.315993,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 74.994318,
        "energy": 61.865442,
        "activity_lines": [
          19.489334,
          18.611091,
          18.355334,
          18.303161
        ]
      },
      {
        "date": "2026-05-29",
        "close": 20.440001,
        "volume": 116140047,
        "typical_volume": 71067479.2,
        "trend": 18.253667,
        "fair_value": 15.076079,
        "relative_strength": -2.606209,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.923524,
        "energy": 64.268464,
        "activity_lines": [
          19.974667,
          19.071091,
          18.544191,
          18.449011
        ]
      },
      {
        "date": "2026-06-05",
        "close": 19.93,
        "volume": 23895078,
        "typical_volume": 65359042.5,
        "trend": 18.245667,
        "fair_value": 15.112625,
        "relative_strength": -3.035022,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.94902,
        "energy": 60.451337,
        "activity_lines": [
          20.09,
          19.366,
          18.674334,
          18.557162
        ]
      },
      {
        "date": "2026-06-12",
        "close": 18.25,
        "volume": 16978141,
        "typical_volume": 57770938.05,
        "trend": 18.297334,
        "fair_value": 15.140834,
        "relative_strength": -8.691268,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.055769,
        "energy": 37.837498,
        "activity_lines": [
          19.541334,
          19.296728,
          18.644572,
          18.557441
        ]
      },
      {
        "date": "2026-06-19",
        "close": 18.26,
        "volume": 53090835,
        "typical_volume": 55060449.75,
        "trend": 18.336667,
        "fair_value": 15.165459,
        "relative_strength": -14.176801,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 30.828096,
        "energy": 16.732762,
        "activity_lines": [
          19.050667,
          19.185091,
          18.61981,
          18.555032
        ]
      },
      {
        "date": "2026-06-26",
        "close": 16.0,
        "volume": 11675549,
        "typical_volume": 51644131.45,
        "trend": 18.348334,
        "fair_value": 15.178733,
        "relative_strength": -23.026719,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -28.001458,
        "energy": 23.951878,
        "activity_lines": [
          17.872667,
          18.633273,
          18.38781,
          18.40428
        ]
      },
      {
        "date": "2026-07-03",
        "close": 16.42,
        "volume": 17389586,
        "typical_volume": 49566106.85,
        "trend": 18.328667,
        "fair_value": 15.192715,
        "relative_strength": -19.412661,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -62.554685,
        "energy": 43.831671,
        "activity_lines": [
          17.154,
          18.204182,
          18.207286,
          18.279871
        ]
      },
      {
        "date": "2026-07-10",
        "close": 15.02,
        "volume": 52273555,
        "typical_volume": 49337896.8,
        "trend": 18.231334,
        "fair_value": 15.196634,
        "relative_strength": -22.918805,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.536599,
        "energy": 66.958676,
        "activity_lines": [
          16.236667,
          17.539091,
          17.903381,
          18.066409
        ]
      },
      {
        "date": "2026-07-17",
        "close": 12.83,
        "volume": 54028818,
        "typical_volume": 49254500.4,
        "trend": 18.072667,
        "fair_value": 15.184915,
        "relative_strength": -27.057735,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -87.379781,
        "energy": 84.969461,
        "activity_lines": [
          14.916667,
          16.536727,
          17.411762,
          17.717936
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.72,
        "volume": 51149092,
        "typical_volume": 48136150.6,
        "trend": 17.912333,
        "fair_value": 15.177931,
        "relative_strength": -27.362647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.567061,
        "energy": 86.644137,
        "activity_lines": [
          13.921333,
          15.627818,
          16.942476,
          17.372602
        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.66,
        "volume": 54536984,
        "typical_volume": 47655088.95,
        "trend": 17.755667,
        "fair_value": 15.177616,
        "relative_strength": -20.257319,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.628207,
        "energy": 81.689372,
        "activity_lines": [
          13.608667,
          15.008545,
          16.592286,
          17.098258
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.22,
        "volume": 39110815,
        "typical_volume": 47788556.35,
        "trend": 17.619333,
        "fair_value": 15.183708,
        "relative_strength": -20.594998,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.736307,
        "energy": 77.555676,
        "activity_lines": [
          13.638667,
          14.620727,
          16.315,
          16.870151
        ]
      }
    ],
    "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."
    }
  }
}