{ "ticker": { "uuid": "d8784b69-211f-4a3f-9288-ea01a6341f9e", "symbol": "688189", "name": "Hunan Nucien Pharmaceutical Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "down", "architecture_direction": -37.653, "architecture_energy": 21.695, "architecture_maturity": 35.122, "architecture_confidence": 74.689, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 46.43, "rotation_up": 23.32, "upward_expansion": 13.98, "deceleration": 46.13, "rotation_down": 30.56, "downward_expansion": 59.31 }, "activity_lines": [ 6.682, 6.571091, 7.12319, 7.400129 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 6.71, "trend_reference": 7.78, "distance_from_trend": -0.137532, "trend_direction": "Weakening", "fair_value": 8.079679, "distance_from_fair_value": -0.169522, "fair_value_direction": "Weakening", "relative_strength": -24.747522, "relative_strength_direction": "Weakening", "price_momentum": -0.205917, "excess_performance": -0.162713, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.137532, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.088281, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.169522, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.227814, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.247475, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.11226, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.205917, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.492825, "read": "Demand-led" } ], "volume": { "latest": 33293582, "relative_activity": 0.743062, "balance": 1.492825, "dry_up": 0.969246, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.193855, "annualized_volatility": 0.71422, "from_high_reference": -0.630913, "from_low_reference": 0.226691 }, "levels": { "trend_reference": 7.78, "fair_value_reference": 8.079679, "structural_low": 5.47, "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": 7, "median_return": -0.057013, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.0715, "regime_survival": 0.571429, "best_return": 0.16336, "worst_return": -0.250223, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.120253, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.126677, "regime_survival": 0.0, "best_return": 0.08134, "worst_return": -0.284061, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.180907, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.201014, "regime_survival": 0.0, "best_return": 0.291866, "worst_return": -0.316118, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.001811, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.105327, "regime_survival": 0.0, "best_return": 0.271132, "worst_return": -0.267511, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": 0.099678, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-18", "tenure": "Developing", "return": -0.084337, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.079208, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": 0.146269, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": -0.044271, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-09-19", "tenure": "Developing", "return": 0.511111, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-24", "tenure": "Developing", "return": -0.250223, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-31", "end": "2025-11-14", "tenure": "New", "return": 0.091603, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2025-12-12", "tenure": "New", "return": -0.055872, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-05-15", "tenure": "Established", "return": 0.220073, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": -0.205339, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": 0.138241, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-07-24", "tenure": "Developing", "return": 0.131757, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.050078, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 9.97, "volume": 9330114, "typical_volume": 14515273.85, "trend": 10.656428, "fair_value": 16.693732, "relative_strength": -15.068592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.517231, "energy": 34.102513, "activity_lines": [ 9.705333, 9.669039, 9.923796, 10.243542 ] }, { "date": "2023-08-04", "close": 9.72, "volume": 9560157, "typical_volume": 13461309.65, "trend": 10.569476, "fair_value": 16.582445, "relative_strength": -16.551816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.050739, "energy": 29.636404, "activity_lines": [ 9.733333, 9.65813, 9.877265, 10.183127 ] }, { "date": "2023-08-11", "close": 9.64, "volume": 16127578, "typical_volume": 13492907.9, "trend": 10.514619, "fair_value": 16.49086, "relative_strength": -13.781548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.191536, "energy": 27.511669, "activity_lines": [ 9.714, 9.646987, 9.829653, 10.123161 ] }, { "date": "2023-08-18", "close": 9.18, "volume": 22385029, "typical_volume": 14055975.25, "trend": 10.44919, "fair_value": 16.364009, "relative_strength": -15.554073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.836984, "energy": 40.202246, "activity_lines": [ 9.540667, 9.565636, 9.74532, 10.037057 ] }, { "date": "2023-08-25", "close": 8.79, "volume": 15005237, "typical_volume": 13959642.45, "trend": 10.362666, "fair_value": 16.180891, "relative_strength": -16.631541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.781698, "energy": 59.441016, "activity_lines": [ 9.266667, 9.427636, 9.632306, 9.930012 ] }, { "date": "2023-09-01", "close": 9.93, "volume": 39184987, "typical_volume": 14839933.0, "trend": 10.313905, "fair_value": 15.984964, "relative_strength": -7.508391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.600611, "energy": 35.415486, "activity_lines": [ 9.423333, 9.513273, 9.638728, 9.902098 ] }, { "date": "2023-09-08", "close": 9.53, "volume": 18154029, "typical_volume": 14371947.7, "trend": 10.256809, "fair_value": 15.854613, "relative_strength": -10.401924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.193432, "energy": 33.321219, "activity_lines": [ 9.449333, 9.510727, 9.612694, 9.851524 ] }, { "date": "2023-09-15", "close": 9.92, "volume": 17708718, "typical_volume": 14022416.55, "trend": 10.216285, "fair_value": 15.718131, "relative_strength": -6.20111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.900905, "energy": 16.826659, "activity_lines": [ 9.618, 9.576909, 9.626075, 9.829794 ] }, { "date": "2023-09-22", "close": 10.04, "volume": 19975586, "typical_volume": 14676369.25, "trend": 10.167857, "fair_value": 15.592996, "relative_strength": -5.17713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.40379, "energy": 11.960645, "activity_lines": [ 9.808, 9.659636, 9.653374, 9.818421 ] }, { "date": "2023-09-29", "close": 10.17, "volume": 13502924, "typical_volume": 14594019.95, "trend": 10.113762, "fair_value": 15.4807, "relative_strength": -3.001624, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.227082, "energy": 14.01991, "activity_lines": [ 9.984, 9.758364, 9.694531, 9.818559 ] }, { "date": "2023-10-13", "close": 10.36, "volume": 20744563, "typical_volume": 14937401.5, "trend": 10.048381, "fair_value": 15.365403, "relative_strength": -0.346669, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.55596, "energy": 28.126411, "activity_lines": [ 10.131333, 9.880364, 9.752463, 9.834445 ] }, { "date": "2023-10-20", "close": 9.6, "volume": 21609503, "typical_volume": 15354059.3, "trend": 9.998619, "fair_value": 15.24861, "relative_strength": -4.212509, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.012712, "energy": 15.191279, "activity_lines": [ 9.996667, 9.857091, 9.737796, 9.805518 ] }, { "date": "2023-10-27", "close": 10.31, "volume": 18785410, "typical_volume": 15669877.65, "trend": 9.971333, "fair_value": 15.145583, "relative_strength": 1.990345, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.046057, "energy": 24.239731, "activity_lines": [ 10.094, 9.965091, 9.795068, 9.825607 ] }, { "date": "2023-11-03", "close": 9.82, "volume": 29231110, "typical_volume": 16499989.0, "trend": 9.933428, "fair_value": 15.033963, "relative_strength": -2.839411, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.624517, "energy": 8.946712, "activity_lines": [ 10.002, 9.971818, 9.806, 9.815843 ] }, { "date": "2023-11-10", "close": 10.23, "volume": 24129096, "typical_volume": 17091792.6, "trend": 9.905381, "fair_value": 14.916016, "relative_strength": 1.24362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.604256, "energy": 12.678763, "activity_lines": [ 10.061333, 10.041455, 9.856667, 9.834977 ] }, { "date": "2023-11-17", "close": 10.31, "volume": 14322856, "typical_volume": 17363609.45, "trend": 9.878571, "fair_value": 14.81857, "relative_strength": 1.94309, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.779819, "energy": 18.957674, "activity_lines": [ 10.143333, 10.099455, 9.912381, 9.861081 ] }, { "date": "2023-11-24", "close": 11.25, "volume": 43433164, "typical_volume": 18981943.15, "trend": 9.92, "fair_value": 14.72715, "relative_strength": 11.621235, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.040368, "energy": 56.604136, "activity_lines": [ 10.542, 10.321455, 10.051762, 9.949561 ] }, { "date": "2023-12-01", "close": 10.67, "volume": 34376470, "typical_volume": 20084950.9, "trend": 9.927571, "fair_value": 14.632011, "relative_strength": 6.540238, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.810681, "energy": 57.289457, "activity_lines": [ 10.637333, 10.406727, 10.127143, 9.997948 ] }, { "date": "2023-12-08", "close": 10.12, "volume": 20695716, "typical_volume": 20787483.9, "trend": 9.919905, "fair_value": 14.526565, "relative_strength": 3.215017, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.596427, "energy": 53.064874, "activity_lines": [ 10.525333, 10.378364, 10.14519, 10.010362 ] }, { "date": "2023-12-15", "close": 9.94, "volume": 19200842, "typical_volume": 21373154.45, "trend": 9.921476, "fair_value": 14.427072, "relative_strength": 2.330238, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.43879, "energy": 32.232977, "activity_lines": [ 10.333333, 10.315818, 10.143714, 10.011659 ] }, { "date": "2023-12-22", "close": 9.34, "volume": 15222806, "typical_volume": 21667789.05, "trend": 9.889, "fair_value": 14.335543, "relative_strength": -2.640455, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.350378, "energy": 12.092241, "activity_lines": [ 9.960667, 10.148364, 10.083238, 9.974144 ] }, { "date": "2023-12-29", "close": 9.43, "volume": 11961086, "typical_volume": 21787835.5, "trend": 9.853095, "fair_value": 14.236155, "relative_strength": -3.148858, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.960411, "energy": 25.400277, "activity_lines": [ 9.682667, 10.015818, 10.034333, 9.944531 ] }, { "date": "2024-01-05", "close": 9.31, "volume": 9442062, "typical_volume": 21453559.7, "trend": 9.817476, "fair_value": 14.128405, "relative_strength": -2.557846, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.965421, "energy": 30.647815, "activity_lines": [ 9.486, 9.864545, 9.975381, 9.909493 ] }, { "date": "2024-01-12", "close": 9.07, "volume": 11189327, "typical_volume": 20893774.6, "trend": 9.787667, "fair_value": 14.006721, "relative_strength": -3.032647, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.737472, "energy": 50.534308, "activity_lines": [ 9.3, 9.687818, 9.895143, 9.861269 ] }, { "date": "2024-01-19", "close": 8.38, "volume": 14001619, "typical_volume": 20843593.7, "trend": 9.744, "fair_value": 13.889992, "relative_strength": -8.503786, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.356178, "energy": 68.603988, "activity_lines": [ 8.954, 9.399273, 9.749714, 9.770452 ] }, { "date": "2024-01-26", "close": 8.32, "volume": 19030582, "typical_volume": 19835873.45, "trend": 9.718667, "fair_value": 13.784689, "relative_strength": -11.260261, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.876186, "energy": 80.5375, "activity_lines": [ 8.692, 9.133455, 9.600524, 9.678581 ] }, { "date": "2024-02-02", "close": 6.76, "volume": 19454713, "typical_volume": 19900907.65, "trend": 9.630333, "fair_value": 13.677108, "relative_strength": -22.676643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.545347, "energy": 93.97166, "activity_lines": [ 7.978, 8.620182, 9.310429, 9.487699 ] }, { "date": "2024-02-09", "close": 6.54, "volume": 32929402, "typical_volume": 20661941.85, "trend": 9.527333, "fair_value": 13.565392, "relative_strength": -28.215269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.822254, "energy": 95.262709, "activity_lines": [ 7.368667, 8.148545, 9.012571, 9.288323 ] }, { "date": "2024-02-23", "close": 7.19, "volume": 22535676, "typical_volume": 20789946.35, "trend": 9.446333, "fair_value": 13.466733, "relative_strength": -24.247202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.716628, "energy": 87.103746, "activity_lines": [ 7.160667, 7.870182, 8.792714, 9.137527 ] }, { "date": "2024-03-01", "close": 7.25, "volume": 27504060, "typical_volume": 21490003.15, "trend": 9.369667, "fair_value": 13.366057, "relative_strength": -23.681703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.344098, "energy": 85.824926, "activity_lines": [ 7.098, 7.656, 8.592143, 8.995828 ] }, { "date": "2024-03-08", "close": 7.09, "volume": 16647576, "typical_volume": 21285153.8, "trend": 9.273667, "fair_value": 13.27594, "relative_strength": -25.286644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.436638, "energy": 75.96784, "activity_lines": [ 7.057333, 7.461636, 8.390238, 8.848753 ] }, { "date": "2024-03-15", "close": 7.68, "volume": 20010754, "typical_volume": 21205216.35, "trend": 9.205667, "fair_value": 13.184056, "relative_strength": -18.781782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.197099, "energy": 54.520848, "activity_lines": [ 7.295333, 7.415455, 8.260095, 8.745935 ] }, { "date": "2024-03-22", "close": 7.67, "volume": 18603470, "typical_volume": 21196119.35, "trend": 9.14, "fair_value": 13.088247, "relative_strength": -18.050941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.014014, "energy": 42.80022, "activity_lines": [ 7.468667, 7.399273, 8.138143, 8.64686 ] }, { "date": "2024-03-29", "close": 7.63, "volume": 15669812, "typical_volume": 20518054.45, "trend": 9.088333, "fair_value": 12.999936, "relative_strength": -17.82918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.131198, "energy": 36.35633, "activity_lines": [ 7.553333, 7.405636, 8.024952, 8.549441 ] }, { "date": "2024-04-05", "close": 7.82, "volume": 11354761, "typical_volume": 19879337.7, "trend": 9.056, "fair_value": 12.909566, "relative_strength": -16.100376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.166072, "energy": 27.518868, "activity_lines": [ 7.672, 7.472727, 7.940286, 8.467613 ] }, { "date": "2024-04-12", "close": 7.24, "volume": 15858243, "typical_volume": 19956107.05, "trend": 8.966333, "fair_value": 12.828749, "relative_strength": -20.563479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.837596, "energy": 32.559145, "activity_lines": [ 7.559333, 7.444545, 7.811857, 8.350452 ] }, { "date": "2024-04-19", "close": 6.43, "volume": 28752943, "typical_volume": 19222096.0, "trend": 8.863, "fair_value": 12.747445, "relative_strength": -29.95591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.523712, "energy": 48.113287, "activity_lines": [ 7.166667, 7.288727, 7.620905, 8.186817 ] }, { "date": "2024-04-26", "close": 6.95, "volume": 15314489, "typical_volume": 18268996.95, "trend": 8.764, "fair_value": 12.663601, "relative_strength": -24.339988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.877384, "energy": 45.988387, "activity_lines": [ 7.030667, 7.233455, 7.502429, 8.063398 ] }, { "date": "2024-05-03", "close": 7.08, "volume": 11451407, "typical_volume": 17806781.5, "trend": 8.665333, "fair_value": 12.579909, "relative_strength": -22.952503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.240203, "energy": 47.326653, "activity_lines": [ 6.986, 7.194364, 7.414048, 7.954753 ] }, { "date": "2024-05-10", "close": 7.16, "volume": 18203653, "typical_volume": 17756922.05, "trend": 8.565, "fair_value": 12.501889, "relative_strength": -22.872755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.401018, "energy": 50.563128, "activity_lines": [ 7.004667, 7.171818, 7.347762, 7.857634 ] }, { "date": "2024-05-17", "close": 6.83, "volume": 15231165, "typical_volume": 17757340.0, "trend": 8.447333, "fair_value": 12.419742, "relative_strength": -25.96131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.296578, "energy": 48.828822, "activity_lines": [ 6.957333, 7.090909, 7.263286, 7.745699 ] }, { "date": "2024-05-24", "close": 6.46, "volume": 12246506, "typical_volume": 17771611.0, "trend": 8.342667, "fair_value": 12.328766, "relative_strength": -28.054291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.510243, "energy": 54.336742, "activity_lines": [ 6.814, 6.947455, 7.155524, 7.617484 ] }, { "date": "2024-05-31", "close": 6.45, "volume": 9813251, "typical_volume": 17790170.45, "trend": 8.214, "fair_value": 12.24162, "relative_strength": -27.614146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.598917, "energy": 66.037647, "activity_lines": [ 6.665333, 6.824364, 7.060952, 7.495376 ] }, { "date": "2024-06-07", "close": 5.6, "volume": 28870093, "typical_volume": 18674208.75, "trend": 8.073333, "fair_value": 12.154151, "relative_strength": -35.807634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.126982, "energy": 81.587695, "activity_lines": [ 6.266667, 6.568909, 6.899048, 7.326731 ] }, { "date": "2024-06-14", "close": 5.76, "volume": 13517332, "typical_volume": 18649994.4, "trend": 7.924333, "fair_value": 12.043892, "relative_strength": -32.975325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.57049, "energy": 84.138138, "activity_lines": [ 6.02, 6.379455, 6.768905, 7.177484 ] }, { "date": "2024-06-21", "close": 6.27, "volume": 20220586, "typical_volume": 18709494.6, "trend": 7.789667, "fair_value": 11.930932, "relative_strength": -25.701102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.169269, "energy": 70.507824, "activity_lines": [ 6.036667, 6.320182, 6.69981, 7.070753 ] }, { "date": "2024-06-28", "close": 5.63, "volume": 22325080, "typical_volume": 18853012.95, "trend": 7.602333, "fair_value": 11.816432, "relative_strength": -32.100909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.531475, "energy": 68.111014, "activity_lines": [ 5.877333, 6.162182, 6.579524, 6.931419 ] }, { "date": "2024-07-05", "close": 5.42, "volume": 10092369, "typical_volume": 17711161.3, "trend": 7.427333, "fair_value": 11.686245, "relative_strength": -33.789847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.237445, "energy": 60.826527, "activity_lines": [ 5.703333, 5.980545, 6.444619, 6.790624 ] }, { "date": "2024-07-12", "close": 5.89, "volume": 20808499, "typical_volume": 17624802.45, "trend": 7.286333, "fair_value": 11.571043, "relative_strength": -28.089032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.357321, "energy": 50.228441, "activity_lines": [ 5.754667, 5.912182, 6.35981, 6.691441 ] }, { "date": "2024-07-19", "close": 5.75, "volume": 12005058, "typical_volume": 16849852.35, "trend": 7.146667, "fair_value": 11.464873, "relative_strength": -29.524342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.979426, "energy": 52.02501, "activity_lines": [ 5.74, 5.84, 6.267857, 6.592323 ] }, { "date": "2024-07-26", "close": 5.59, "volume": 10729926, "typical_volume": 16553969.85, "trend": 7.021667, "fair_value": 11.341453, "relative_strength": -28.799614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.934556, "energy": 51.806633, "activity_lines": [ 5.672667, 5.764364, 6.16781, 6.491892 ] }, { "date": "2024-08-02", "close": 5.91, "volume": 16284408, "typical_volume": 16367652.55, "trend": 6.904333, "fair_value": 11.227483, "relative_strength": -24.574181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.590326, "energy": 40.933742, "activity_lines": [ 5.757333, 5.769455, 6.105381, 6.420172 ] }, { "date": "2024-08-09", "close": 6.51, "volume": 37210447, "typical_volume": 17298001.4, "trend": 6.811, "fair_value": 11.13222, "relative_strength": -15.199411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.306787, "energy": 22.662382, "activity_lines": [ 6.023333, 5.893636, 6.108524, 6.394731 ] }, { "date": "2024-08-16", "close": 6.64, "volume": 27490942, "typical_volume": 17889057.9, "trend": 6.73, "fair_value": 11.046454, "relative_strength": -13.621108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.61923, "energy": 15.525818, "activity_lines": [ 6.26, 6.040364, 6.129571, 6.383699 ] }, { "date": "2024-08-23", "close": 5.86, "volume": 23700406, "typical_volume": 18506340.15, "trend": 6.646, "fair_value": 10.958024, "relative_strength": -22.557763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.173258, "energy": 22.110867, "activity_lines": [ 6.186667, 6.026364, 6.081048, 6.32757 ] }, { "date": "2024-08-30", "close": 6.02, "volume": 18385530, "typical_volume": 18632704.5, "trend": 6.569333, "fair_value": 10.873799, "relative_strength": -19.629094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.376379, "energy": 18.988009, "activity_lines": [ 6.159333, 6.039636, 6.057095, 6.287183 ] }, { "date": "2024-09-06", "close": 5.7, "volume": 11980038, "typical_volume": 17794059.25, "trend": 6.534, "fair_value": 10.790282, "relative_strength": -21.335293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.98783, "energy": 24.883717, "activity_lines": [ 5.996667, 5.999273, 6.008476, 6.231097 ] }, { "date": "2024-09-13", "close": 5.72, "volume": 13966525, "typical_volume": 17726661.05, "trend": 6.506667, "fair_value": 10.706341, "relative_strength": -18.628059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.562499, "energy": 34.971289, "activity_lines": [ 5.854667, 5.961273, 5.965238, 6.178581 ] }, { "date": "2024-09-20", "close": 5.64, "volume": 7218860, "typical_volume": 17515033.7, "trend": 6.455, "fair_value": 10.628026, "relative_strength": -20.136497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.027689, "energy": 48.472099, "activity_lines": [ 5.738667, 5.903273, 5.920238, 6.122667 ] }, { "date": "2024-09-27", "close": 6.39, "volume": 18701825, "typical_volume": 17539942.3, "trend": 6.426333, "fair_value": 10.558541, "relative_strength": -19.124113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.767745, "energy": 19.717808, "activity_lines": [ 5.939333, 5.986182, 5.953524, 6.118473 ] }, { "date": "2024-10-04", "close": 7.23, "volume": 13042195, "typical_volume": 17430493.8, "trend": 6.431, "fair_value": 10.506673, "relative_strength": -14.654904, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.073192, "energy": 22.715911, "activity_lines": [ 6.384667, 6.210182, 6.070476, 6.170323 ] }, { "date": "2024-10-11", "close": 6.73, "volume": 44830388, "typical_volume": 19059687.9, "trend": 6.399333, "fair_value": 10.451632, "relative_strength": -16.883379, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 18.925439, "energy": 30.455612, "activity_lines": [ 6.582667, 6.313455, 6.137905, 6.189613 ] }, { "date": "2024-10-18", "close": 7.01, "volume": 25895195, "typical_volume": 19863785.1, "trend": 6.377333, "fair_value": 10.40133, "relative_strength": -13.794406, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.86227, "energy": 44.812931, "activity_lines": [ 6.805333, 6.452727, 6.230714, 6.229011 ] }, { "date": "2024-10-25", "close": 7.32, "volume": 27587851, "typical_volume": 19799673.0, "trend": 6.367, "fair_value": 10.352754, "relative_strength": -10.331079, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.338359, "energy": 64.187862, "activity_lines": [ 7.045333, 6.639273, 6.350381, 6.289828 ] }, { "date": "2024-11-01", "close": 7.3, "volume": 43052847, "typical_volume": 21276448.75, "trend": 6.349667, "fair_value": 10.306894, "relative_strength": -8.980751, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.85548, "energy": 68.530249, "activity_lines": [ 7.166667, 6.809818, 6.459952, 6.350022 ] }, { "date": "2024-11-08", "close": 7.91, "volume": 42807277, "typical_volume": 22405783.3, "trend": 6.372, "fair_value": 10.262263, "relative_strength": -5.82429, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.431814, "energy": 77.955471, "activity_lines": [ 7.430667, 7.065091, 6.620286, 6.450688 ] }, { "date": "2024-11-15", "close": 7.49, "volume": 45599969, "typical_volume": 23569527.75, "trend": 6.407333, "fair_value": 10.217425, "relative_strength": -6.746153, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.325954, "energy": 67.081828, "activity_lines": [ 7.509333, 7.209636, 6.73281, 6.522817 ] }, { "date": "2024-11-22", "close": 7.28, "volume": 28709780, "typical_volume": 24500398.3, "trend": 6.418333, "fair_value": 10.171993, "relative_strength": -6.744945, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.645524, "energy": 50.782411, "activity_lines": [ 7.467333, 7.283455, 6.816476, 6.579118 ] }, { "date": "2024-11-29", "close": 7.5, "volume": 23329785, "typical_volume": 24626462.6, "trend": 6.432333, "fair_value": 10.132747, "relative_strength": -4.528236, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.419435, "energy": 45.856356, "activity_lines": [ 7.480667, 7.368909, 6.912238, 6.648903 ] }, { "date": "2024-12-06", "close": 7.87, "volume": 24764982, "typical_volume": 25264458.8, "trend": 6.456, "fair_value": 10.09391, "relative_strength": -1.130378, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.206772, "energy": 46.165495, "activity_lines": [ 7.605333, 7.487818, 7.035571, 6.741656 ] }, { "date": "2024-12-13", "close": 7.77, "volume": 25436666, "typical_volume": 25999795.8, "trend": 6.487333, "fair_value": 10.05175, "relative_strength": -1.127235, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.686734, "energy": 43.02129, "activity_lines": [ 7.658667, 7.561636, 7.139286, 6.82643 ] }, { "date": "2024-12-20", "close": 7.31, "volume": 23336733, "typical_volume": 26352412.05, "trend": 6.515667, "fair_value": 10.006315, "relative_strength": -5.374661, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.396664, "energy": 36.427564, "activity_lines": [ 7.568, 7.542, 7.18881, 6.879505 ] }, { "date": "2024-12-27", "close": 6.81, "volume": 19037490, "typical_volume": 25443764.2, "trend": 6.527667, "fair_value": 9.955221, "relative_strength": -11.789903, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.932244, "energy": 22.688708, "activity_lines": [ 7.322667, 7.420909, 7.184048, 6.898495 ] }, { "date": "2025-01-03", "close": 6.27, "volume": 14097409, "typical_volume": 24774087.55, "trend": 6.55, "fair_value": 9.890102, "relative_strength": -13.116235, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.919267, "energy": 14.183812, "activity_lines": [ 6.928667, 7.205273, 7.126429, 6.881871 ] }, { "date": "2025-01-10", "close": 6.04, "volume": 31355451, "typical_volume": 25156839.8, "trend": 6.559333, "fair_value": 9.823476, "relative_strength": -14.236321, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.767665, "energy": 34.306623, "activity_lines": [ 6.54, 6.966909, 7.048667, 6.848968 ] }, { "date": "2025-01-17", "close": 6.22, "volume": 18914234, "typical_volume": 25183275.0, "trend": 6.557667, "fair_value": 9.751528, "relative_strength": -12.749979, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.817013, "energy": 41.832381, "activity_lines": [ 6.333333, 6.784182, 6.98719, 6.827075 ] }, { "date": "2025-01-24", "close": 6.17, "volume": 18654051, "typical_volume": 25516975.65, "trend": 6.575667, "fair_value": 9.674386, "relative_strength": -12.930356, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.409894, "energy": 52.177685, "activity_lines": [ 6.213333, 6.623091, 6.92, 6.802065 ] }, { "date": "2025-01-31", "close": 6.2, "volume": 3639428, "typical_volume": 25000620.8, "trend": 6.601667, "fair_value": 9.598941, "relative_strength": -11.710934, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.613352, "energy": 56.381328, "activity_lines": [ 6.179333, 6.491455, 6.853429, 6.777828 ] }, { "date": "2025-02-07", "close": 6.55, "volume": 14079155, "typical_volume": 25343635.55, "trend": 6.623667, "fair_value": 9.527081, "relative_strength": -7.820224, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.384258, "energy": 36.727714, "activity_lines": [ 6.302667, 6.443091, 6.817905, 6.774495 ] }, { "date": "2025-02-14", "close": 6.64, "volume": 16886934, "typical_volume": 25252891.0, "trend": 6.653333, "fair_value": 9.454195, "relative_strength": -7.509449, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.791248, "energy": 17.089008, "activity_lines": [ 6.437333, 6.428364, 6.786619, 6.775548 ] }, { "date": "2025-02-21", "close": 6.84, "volume": 20443760, "typical_volume": 25622969.25, "trend": 6.695, "fair_value": 9.397865, "relative_strength": -5.323986, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.317346, "energy": 9.362346, "activity_lines": [ 6.598667, 6.472364, 6.77319, 6.787591 ] }, { "date": "2025-02-28", "close": 6.64, "volume": 22196818, "typical_volume": 24491290.75, "trend": 6.719333, "fair_value": 9.353007, "relative_strength": -6.147144, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.922422, "energy": 12.954575, "activity_lines": [ 6.652, 6.496909, 6.742571, 6.784043 ] }, { "date": "2025-03-07", "close": 6.66, "volume": 19156749, "typical_volume": 24154368.45, "trend": 6.724333, "fair_value": 9.314983, "relative_strength": -7.009906, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.995683, "energy": 11.301354, "activity_lines": [ 6.680667, 6.537273, 6.714286, 6.780215 ] }, { "date": "2025-03-14", "close": 6.82, "volume": 21752683, "typical_volume": 23862610.05, "trend": 6.730333, "fair_value": 9.278344, "relative_strength": -5.641001, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.748138, "energy": 11.86813, "activity_lines": [ 6.732, 6.609455, 6.702905, 6.786387 ] }, { "date": "2025-03-21", "close": 6.69, "volume": 18741650, "typical_volume": 22647050.2, "trend": 6.758, "fair_value": 9.23639, "relative_strength": -5.479872, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.368955, "energy": 7.500587, "activity_lines": [ 6.722, 6.648, 6.681524, 6.783785 ] }, { "date": "2025-03-28", "close": 6.51, "volume": 22967672, "typical_volume": 21655069.95, "trend": 6.774333, "fair_value": 9.19747, "relative_strength": -7.17117, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.217334, "energy": 16.078235, "activity_lines": [ 6.648667, 6.642, 6.645905, 6.767785 ] }, { "date": "2025-04-04", "close": 6.78, "volume": 27025430, "typical_volume": 20726343.0, "trend": 6.810333, "fair_value": 9.164564, "relative_strength": -2.587425, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.332735, "energy": 9.807782, "activity_lines": [ 6.687333, 6.679818, 6.642667, 6.768151 ] }, { "date": "2025-04-11", "close": 6.12, "volume": 38356621, "typical_volume": 21208685.05, "trend": 6.823667, "fair_value": 9.13338, "relative_strength": -8.824461, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.156629, "energy": 35.917632, "activity_lines": [ 6.496667, 6.586545, 6.579952, 6.723613 ] }, { "date": "2025-04-18", "close": 6.08, "volume": 18253853, "typical_volume": 20954888.45, "trend": 6.838333, "fair_value": 9.09553, "relative_strength": -10.283139, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.957167, "energy": 58.087438, "activity_lines": [ 6.328667, 6.487455, 6.518952, 6.675634 ] }, { "date": "2025-04-25", "close": 6.06, "volume": 17453645, "typical_volume": 20589321.6, "trend": 6.827333, "fair_value": 9.065139, "relative_strength": -10.734508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.571651, "energy": 65.169, "activity_lines": [ 6.203333, 6.393273, 6.46281, 6.625419 ] }, { "date": "2025-05-02", "close": 6.16, "volume": 10600476, "typical_volume": 19847512.1, "trend": 6.791667, "fair_value": 9.038234, "relative_strength": -8.47473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.860574, "energy": 64.986538, "activity_lines": [ 6.153333, 6.327818, 6.42481, 6.582366 ] }, { "date": "2025-05-09", "close": 6.43, "volume": 16068919, "typical_volume": 19484121.4, "trend": 6.781667, "fair_value": 9.020974, "relative_strength": -5.958491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.307564, "energy": 49.946916, "activity_lines": [ 6.216667, 6.323818, 6.42019, 6.559032 ] }, { "date": "2025-05-16", "close": 6.54, "volume": 16337025, "typical_volume": 19349098.15, "trend": 6.766, "fair_value": 9.008901, "relative_strength": -4.87322, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.707265, "energy": 27.36188, "activity_lines": [ 6.34, 6.343636, 6.430238, 6.543441 ] }, { "date": "2025-05-23", "close": 6.7, "volume": 23617345, "typical_volume": 19825094.95, "trend": 6.745333, "fair_value": 9.0041, "relative_strength": -1.906817, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.186347, "energy": 13.482413, "activity_lines": [ 6.488667, 6.394727, 6.45681, 6.539183 ] }, { "date": "2025-05-30", "close": 7.06, "volume": 30402959, "typical_volume": 19777470.35, "trend": 6.737333, "fair_value": 8.999481, "relative_strength": 3.372174, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.236808, "energy": 16.803729, "activity_lines": [ 6.716, 6.513455, 6.515619, 6.559484 ] }, { "date": "2025-06-06", "close": 7.68, "volume": 45884350, "typical_volume": 21125976.15, "trend": 6.729667, "fair_value": 8.992622, "relative_strength": 10.739965, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 53.761335, "energy": 52.508104, "activity_lines": [ 7.083333, 6.738182, 6.628619, 6.620301 ] }, { "date": "2025-06-13", "close": 7.68, "volume": 66418444, "typical_volume": 23514195.8, "trend": 6.736, "fair_value": 8.987332, "relative_strength": 10.624874, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.495655, "energy": 68.066964, "activity_lines": [ 7.349333, 6.941636, 6.734667, 6.681613 ] }, { "date": "2025-06-20", "close": 7.19, "volume": 36888657, "typical_volume": 25176657.25, "trend": 6.733, "fair_value": 8.983612, "relative_strength": 4.046556, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.886899, "energy": 61.512151, "activity_lines": [ 7.368667, 7.039636, 6.786857, 6.710903 ] }, { "date": "2025-06-27", "close": 7.34, "volume": 21918567, "typical_volume": 25568627.85, "trend": 6.727667, "fair_value": 8.971793, "relative_strength": 3.982236, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.542757, "energy": 68.639368, "activity_lines": [ 7.394667, 7.145455, 6.848619, 6.750065 ] }, { "date": "2025-07-04", "close": 8.1, "volume": 56682197, "typical_volume": 27558391.0, "trend": 6.735333, "fair_value": 8.966711, "relative_strength": 12.638944, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.18384, "energy": 68.981756, "activity_lines": [ 7.631333, 7.366545, 6.979, 6.838602 ] }, { "date": "2025-07-11", "close": 8.04, "volume": 36770511, "typical_volume": 28374728.55, "trend": 6.744333, "fair_value": 8.9531, "relative_strength": 10.283149, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.11769, "energy": 70.145815, "activity_lines": [ 7.778667, 7.539636, 7.096714, 6.922774 ] }, { "date": "2025-07-18", "close": 10.85, "volume": 158756306, "typical_volume": 35202702.95, "trend": 6.862333, "fair_value": 8.957404, "relative_strength": 46.257759, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.107926, "energy": 95.324421, "activity_lines": [ 8.838667, 8.189455, 7.476333, 7.187656 ] }, { "date": "2025-07-25", "close": 9.87, "volume": 103596254, "typical_volume": 39424678.2, "trend": 6.964333, "fair_value": 8.947871, "relative_strength": 29.889282, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.028987, "energy": 91.446406, "activity_lines": [ 9.360667, 8.580727, 7.742571, 7.381699 ] }, { "date": "2025-08-01", "close": 17.57, "volume": 201046951, "typical_volume": 48389391.6, "trend": 7.341, "fair_value": 8.95944, "relative_strength": 127.40989, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.991005, "energy": 98.589402, "activity_lines": [ 12.270667, 10.311455, 8.726857, 8.065935 ] }, { "date": "2025-08-08", "close": 14.32, "volume": 150666269, "typical_volume": 54985622.55, "trend": 7.617, "fair_value": 8.954002, "relative_strength": 78.873105, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.661198, "energy": 92.935136, "activity_lines": [ 13.415333, 11.253636, 9.350429, 8.516194 ] }, { "date": "2025-08-15", "close": 13.48, "volume": 93797642, "typical_volume": 58527121.05, "trend": 7.859, "fair_value": 8.933864, "relative_strength": 63.657284, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.103999, "energy": 83.16053, "activity_lines": [ 13.865333, 11.911091, 9.857667, 8.894452 ] }, { "date": "2025-08-22", "close": 14.52, "volume": 147306534, "typical_volume": 64541176.25, "trend": 8.137333, "fair_value": 8.924148, "relative_strength": 67.816485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.20241, "energy": 68.470665, "activity_lines": [ 14.299333, 12.652182, 10.430762, 9.324194 ] }, { "date": "2025-08-29", "close": 14.73, "volume": 138424300, "typical_volume": 69544560.2, "trend": 8.421667, "fair_value": 8.920449, "relative_strength": 66.418352, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.851017, "energy": 62.538263, "activity_lines": [ 14.558667, 13.307091, 10.987, 9.749527 ] }, { "date": "2025-09-05", "close": 13.78, "volume": 116233355, "typical_volume": 74443535.3, "trend": 8.662667, "fair_value": 8.915833, "relative_strength": 55.514715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.282611, "energy": 52.674474, "activity_lines": [ 14.177333, 13.652182, 11.411762, 10.095226 ] }, { "date": "2025-09-12", "close": 12.98, "volume": 66752043, "typical_volume": 76908455.2, "trend": 8.874, "fair_value": 8.917079, "relative_strength": 42.824804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.45102, "energy": 44.943751, "activity_lines": [ 13.782, 13.734727, 11.723667, 10.373763 ] }, { "date": "2025-09-19", "close": 12.24, "volume": 50847514, "typical_volume": 78920807.1, "trend": 9.054, "fair_value": 8.917198, "relative_strength": 35.196986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.101942, "energy": 32.711839, "activity_lines": [ 13.229333, 13.594, 11.932143, 10.590925 ] }, { "date": "2025-09-26", "close": 11.23, "volume": 47579430, "typical_volume": 80496332.65, "trend": 9.207, "fair_value": 8.902372, "relative_strength": 22.91954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.615441, "energy": 21.76795, "activity_lines": [ 12.422667, 13.193273, 12.015476, 10.731312 ] }, { "date": "2025-10-03", "close": 11.37, "volume": 12074667, "typical_volume": 80283214.75, "trend": 9.364, "fair_value": 8.89522, "relative_strength": 21.951414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.613918, "energy": 22.163434, "activity_lines": [ 11.882, 12.811091, 12.089286, 10.87086 ] }, { "date": "2025-10-10", "close": 8.01, "volume": 40505574, "typical_volume": 81127626.2, "trend": 9.403667, "fair_value": 8.871245, "relative_strength": -14.376404, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.603012, "energy": 18.277639, "activity_lines": [ 10.445333, 11.790727, 11.820095, 10.783505 ] }, { "date": "2025-10-17", "close": 7.95, "volume": 76611983, "typical_volume": 83438077.4, "trend": 9.445667, "fair_value": 8.851374, "relative_strength": -13.695694, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.254964, "energy": 32.865064, "activity_lines": [ 9.373333, 10.933273, 11.538952, 10.68972 ] }, { "date": "2025-10-24", "close": 8.42, "volume": 58546894, "typical_volume": 84071204.6, "trend": 9.509333, "fair_value": 8.836117, "relative_strength": -11.089678, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.848212, "energy": 34.89594, "activity_lines": [ 8.793333, 10.277091, 11.298333, 10.623548 ] }, { "date": "2025-10-31", "close": 9.17, "volume": 62924638, "typical_volume": 83896514.3, "trend": 9.589, "fair_value": 8.817427, "relative_strength": -3.347722, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.95583, "energy": 52.640551, "activity_lines": [ 8.718, 9.849273, 11.125619, 10.601656 ] }, { "date": "2025-11-07", "close": 9.06, "volume": 57464679, "typical_volume": 84925315.4, "trend": 9.687, "fair_value": 8.797207, "relative_strength": -5.509893, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.298512, "energy": 53.07447, "activity_lines": [ 8.743333, 9.498727, 10.935333, 10.567527 ] }, { "date": "2025-11-14", "close": 10.01, "volume": 84883826, "typical_volume": 88073578.35, "trend": 9.818, "fair_value": 8.788892, "relative_strength": 4.365503, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.969868, "energy": 26.270558, "activity_lines": [ 9.239333, 9.424, 10.826619, 10.588366 ] }, { "date": "2025-11-21", "close": 8.77, "volume": 41544675, "typical_volume": 87316702.25, "trend": 9.908333, "fair_value": 8.76457, "relative_strength": -4.897481, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.684256, "energy": 23.170764, "activity_lines": [ 9.188667, 9.192364, 10.587095, 10.520753 ] }, { "date": "2025-11-28", "close": 9.47, "volume": 68934522, "typical_volume": 88924902.8, "trend": 10.018667, "fair_value": 8.755311, "relative_strength": 1.128965, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.693479, "energy": 17.7378, "activity_lines": [ 9.316667, 9.164545, 10.411048, 10.492473 ] }, { "date": "2025-12-05", "close": 9.05, "volume": 47441426, "typical_volume": 83359158.8, "trend": 10.106, "fair_value": 8.73228, "relative_strength": -3.713406, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.176495, "energy": 19.24888, "activity_lines": [ 9.234667, 9.110727, 10.18819, 10.429978 ] }, { "date": "2025-12-12", "close": 8.28, "volume": 38583108, "typical_volume": 80108501.5, "trend": 10.164, "fair_value": 8.715806, "relative_strength": -11.486413, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.877302, "energy": 47.062108, "activity_lines": [ 8.904, 8.956545, 9.900571, 10.312172 ] }, { "date": "2025-12-19", "close": 8.27, "volume": 25999879, "typical_volume": 71356147.9, "trend": 10.216333, "fair_value": 8.699771, "relative_strength": -11.586782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.277437, "energy": 62.118832, "activity_lines": [ 8.622, 8.856727, 9.619571, 10.189978 ] }, { "date": "2025-12-26", "close": 8.04, "volume": 30689340, "typical_volume": 65357301.45, "trend": 10.249, "fair_value": 8.674936, "relative_strength": -15.650969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.944964, "energy": 71.389984, "activity_lines": [ 8.379333, 8.710364, 9.360952, 10.04957 ] }, { "date": "2026-01-02", "close": 7.97, "volume": 13261427, "typical_volume": 61330490.7, "trend": 10.258667, "fair_value": 8.642234, "relative_strength": -16.531292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.657372, "energy": 72.359738, "activity_lines": [ 8.162, 8.549636, 9.125571, 9.902538 ] }, { "date": "2026-01-09", "close": 8.87, "volume": 41526275, "typical_volume": 56041477.75, "trend": 10.298333, "fair_value": 8.625787, "relative_strength": -10.6991, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.886095, "energy": 68.569341, "activity_lines": [ 8.344667, 8.560727, 9.002143, 9.812946 ] }, { "date": "2026-01-16", "close": 8.67, "volume": 47483431, "typical_volume": 51494434.3, "trend": 10.347667, "fair_value": 8.602335, "relative_strength": -12.454874, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.719753, "energy": 47.161821, "activity_lines": [ 8.472667, 8.540909, 8.886571, 9.707892 ] }, { "date": "2026-01-23", "close": 8.93, "volume": 23157445, "typical_volume": 46840638.8, "trend": 10.400667, "fair_value": 8.587234, "relative_strength": -10.762501, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.317998, "energy": 32.991667, "activity_lines": [ 8.661333, 8.575455, 8.824619, 9.61643 ] }, { "date": "2026-01-30", "close": 8.45, "volume": 41353575, "typical_volume": 45570715.4, "trend": 10.412333, "fair_value": 8.569972, "relative_strength": -15.283023, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.09515, "energy": 27.944214, "activity_lines": [ 8.646, 8.542364, 8.740048, 9.490581 ] }, { "date": "2026-02-06", "close": 8.55, "volume": 23223579, "typical_volume": 44189518.65, "trend": 10.429333, "fair_value": 8.551795, "relative_strength": -13.259275, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.258704, "energy": 27.555392, "activity_lines": [ 8.636667, 8.533273, 8.686571, 9.37043 ] }, { "date": "2026-02-13", "close": 8.48, "volume": 21143663, "typical_volume": 42867730.3, "trend": 10.350333, "fair_value": 8.533123, "relative_strength": -14.380356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.635392, "energy": 29.685289, "activity_lines": [ 8.565333, 8.528182, 8.644, 9.244667 ] }, { "date": "2026-02-27", "close": 8.5, "volume": 16921883, "typical_volume": 43110091.1, "trend": 10.304667, "fair_value": 8.51554, "relative_strength": -15.856126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.525435, "energy": 36.014424, "activity_lines": [ 8.526667, 8.537091, 8.616429, 9.12529 ] }, { "date": "2026-03-06", "close": 8.15, "volume": 29932053, "typical_volume": 42581415.05, "trend": 9.990667, "fair_value": 8.496401, "relative_strength": -18.549012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.56925, "energy": 42.80852, "activity_lines": [ 8.382667, 8.478364, 8.56919, 8.98628 ] }, { "date": "2026-03-13", "close": 7.94, "volume": 17919663, "typical_volume": 39646799.05, "trend": 9.778, "fair_value": 8.473626, "relative_strength": -20.06795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.695649, "energy": 53.042129, "activity_lines": [ 8.220667, 8.383636, 8.501286, 8.853978 ] }, { "date": "2026-03-20", "close": 7.49, "volume": 18660112, "typical_volume": 37652459.95, "trend": 9.578333, "fair_value": 8.446044, "relative_strength": -21.898072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.655874, "energy": 74.253797, "activity_lines": [ 7.942667, 8.208909, 8.390571, 8.706366 ] }, { "date": "2026-03-27", "close": 7.69, "volume": 28269817, "typical_volume": 35919718.9, "trend": 9.350667, "fair_value": 8.416355, "relative_strength": -18.909805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.704955, "energy": 71.963911, "activity_lines": [ 7.802, 8.079273, 8.303333, 8.584538 ] }, { "date": "2026-04-03", "close": 7.68, "volume": 48798795, "typical_volume": 35486424.7, "trend": 9.115667, "fair_value": 8.394478, "relative_strength": -18.337247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.548411, "energy": 63.724328, "activity_lines": [ 7.710667, 7.969273, 8.22219, 8.476753 ] }, { "date": "2026-04-10", "close": 7.71, "volume": 33331495, "typical_volume": 32908808.15, "trend": 8.913333, "fair_value": 8.372564, "relative_strength": -20.140997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.796025, "energy": 49.173455, "activity_lines": [ 7.684, 7.882727, 8.150476, 8.386065 ] }, { "date": "2026-04-17", "close": 7.53, "volume": 32468562, "typical_volume": 32455002.5, "trend": 8.731667, "fair_value": 8.350595, "relative_strength": -23.241496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.142199, "energy": 48.660693, "activity_lines": [ 7.626667, 7.785636, 8.072571, 8.296817 ] }, { "date": "2026-04-24", "close": 7.47, "volume": 21246945, "typical_volume": 30070623.65, "trend": 8.572667, "fair_value": 8.327509, "relative_strength": -24.369805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.313724, "energy": 47.578869, "activity_lines": [ 7.576667, 7.694364, 7.994857, 8.215419 ] }, { "date": "2026-05-01", "close": 8.95, "volume": 57031432, "typical_volume": 30550123.95, "trend": 8.496667, "fair_value": 8.313636, "relative_strength": -10.33665, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.536459, "energy": 11.819242, "activity_lines": [ 8.021333, 7.891818, 8.067619, 8.239763 ] }, { "date": "2026-05-08", "close": 8.79, "volume": 40546673, "typical_volume": 30648302.2, "trend": 8.410667, "fair_value": 8.305833, "relative_strength": -13.521473, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.945538, "energy": 14.252546, "activity_lines": [ 8.328667, 8.051636, 8.125619, 8.258688 ] }, { "date": "2026-05-15", "close": 10.09, "volume": 174197307, "typical_volume": 38058173.6, "trend": 8.48, "fair_value": 8.303571, "relative_strength": -0.069686, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.446561, "energy": 38.530755, "activity_lines": [ 8.995333, 8.442545, 8.305, 8.367032 ] }, { "date": "2026-05-22", "close": 9.74, "volume": 83487267, "typical_volume": 40698069.95, "trend": 8.539667, "fair_value": 8.299661, "relative_strength": -3.332942, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.449358, "energy": 40.715921, "activity_lines": [ 9.386667, 8.734545, 8.442381, 8.448323 ] }, { "date": "2026-05-29", "close": 8.23, "volume": 52325844, "typical_volume": 42651290.8, "trend": 8.533333, "fair_value": 8.289002, "relative_strength": -17.443508, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.326372, "energy": 34.308265, "activity_lines": [ 9.127333, 8.719273, 8.427857, 8.428344 ] }, { "date": "2026-06-05", "close": 7.74, "volume": 8535750, "typical_volume": 41001764.55, "trend": 8.485667, "fair_value": 8.2725, "relative_strength": -21.45615, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -2.508968, "energy": 12.217077, "activity_lines": [ 8.654, 8.601455, 8.365429, 8.377161 ] }, { "date": "2026-06-12", "close": 5.57, "volume": 37767233, "typical_volume": 40515954.65, "trend": 8.369333, "fair_value": 8.240852, "relative_strength": -43.133335, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.636332, "energy": 43.73805, "activity_lines": [ 7.538, 8.088182, 8.101714, 8.189054 ] }, { "date": "2026-06-19", "close": 6.34, "volume": 65270755, "typical_volume": 42621620.15, "trend": 8.247, "fair_value": 8.214963, "relative_strength": -35.837334, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.498543, "energy": 52.133585, "activity_lines": [ 6.893333, 7.753273, 7.926095, 8.058129 ] }, { "date": "2026-06-26", "close": 5.92, "volume": 5290088, "typical_volume": 40818445.8, "trend": 8.152, "fair_value": 8.189038, "relative_strength": -38.821114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.535696, "energy": 76.060883, "activity_lines": [ 6.358667, 7.366909, 7.72281, 7.908 ] }, { "date": "2026-07-03", "close": 6.4, "volume": 4916607, "typical_volume": 39903097.2, "trend": 8.049667, "fair_value": 8.167949, "relative_strength": -33.831549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.691965, "energy": 76.258687, "activity_lines": [ 6.238667, 7.097091, 7.577286, 7.794968 ] }, { "date": "2026-07-10", "close": 6.42, "volume": 28921614, "typical_volume": 40291994.75, "trend": 7.962, "fair_value": 8.150897, "relative_strength": -32.441694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.711151, "energy": 69.334176, "activity_lines": [ 6.247333, 6.850364, 7.443905, 7.689828 ] }, { "date": "2026-07-17", "close": 7.3, "volume": 73324229, "typical_volume": 43112112.05, "trend": 7.929333, "fair_value": 8.137372, "relative_strength": -18.21434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.683498, "energy": 37.310525, "activity_lines": [ 6.637333, 6.809636, 7.404143, 7.647118 ] }, { "date": "2026-07-24", "close": 6.7, "volume": 40790264, "typical_volume": 43655022.6, "trend": 7.877, "fair_value": 8.11859, "relative_strength": -25.12389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.818537, "energy": 25.662806, "activity_lines": [ 6.712, 6.686909, 7.312952, 7.567806 ] }, { "date": "2026-07-31", "close": 6.39, "volume": 26303689, "typical_volume": 44074223.9, "trend": 7.822, "fair_value": 8.097885, "relative_strength": -28.29061, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -44.125598, "energy": 26.473904, "activity_lines": [ 6.659333, 6.569455, 7.199143, 7.471871 ] }, { "date": "2026-08-07", "close": 6.71, "volume": 33293582, "typical_volume": 44805897.4, "trend": 7.78, "fair_value": 8.079679, "relative_strength": -24.747522, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -37.652844, "energy": 21.694576, "activity_lines": [ 6.682, 6.571091, 7.12319, 7.400129 ] } ], "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." } } }