{ "ticker": { "uuid": "d9bcab8a-729b-4370-9c10-12043afb5842", "symbol": "002825", "name": "Shanghai NAR Industrial 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -63.586, "architecture_energy": 56.665, "architecture_maturity": 52.885, "architecture_confidence": 89.514, "architecture_tenure": "Established", "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": 8.22, "rotation_up": 21.14, "upward_expansion": 9.33, "deceleration": 57.13, "rotation_down": 59.88, "downward_expansion": 82.66 }, "activity_lines": [ 8.032, 8.17342, 8.904366, 9.370209 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 8.45, "trend_reference": 9.958701, "distance_from_trend": -0.151496, "trend_direction": "Weakening", "fair_value": 8.659107, "distance_from_fair_value": -0.024149, "fair_value_direction": "Weakening", "relative_strength": -21.631459, "relative_strength_direction": "Improving", "price_momentum": -0.22048, "excess_performance": -0.227879, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.151496, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.091734, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.024149, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.189404, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.216315, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.028301, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.22048, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.317757, "read": "Demand-led" } ], "volume": { "latest": 17450695, "relative_activity": 0.720402, "balance": 1.317757, "dry_up": 0.696244, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.092576, "annualized_volatility": 0.359923, "from_high_reference": -0.38231, "from_low_reference": 0.14966 }, "levels": { "trend_reference": 9.958701, "fair_value_reference": 8.659107, "structural_low": 7.35, "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": 21, "median_return": 0.031101, "positive_rate": 0.619048, "directional_follow_through": 0.380952, "median_excess_return": 0.046497, "regime_survival": 0.761905, "best_return": 0.160094, "worst_return": -0.158708, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.075589, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.023012, "regime_survival": 0.375, "best_return": 0.417527, "worst_return": -0.157691, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.017892, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.094214, "regime_survival": 0.4, "best_return": 0.354403, "worst_return": -0.112756, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.396714, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.370675, "regime_survival": 0.333333, "best_return": 0.633321, "worst_return": -0.254227, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-02", "end": "2024-05-03", "tenure": "Established", "return": 0.193291, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-06-14", "tenure": "Developing", "return": -0.120482, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-21", "end": "2024-10-04", "tenure": "Established", "return": 0.180611, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": 0.164223, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-10", "tenure": "Developing", "return": 0.001295, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": -0.029691, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-06-20", "tenure": "Established", "return": 0.223242, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.071785, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-05", "tenure": "Developing", "return": -0.042493, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-10-10", "tenure": "Developing", "return": 0.053974, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2026-01-23", "tenure": "Established", "return": -0.143731, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-03-20", "tenure": "Developing", "return": -0.052583, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-05-01", "tenure": "Developing", "return": -0.03483, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": -0.157691, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 8.490313, "volume": 12140564, "typical_volume": 18985358.2, "trend": 8.650567, "fair_value": 7.867335, "relative_strength": -0.16893, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.028536, "energy": 19.451599, "activity_lines": [ 8.438214, 8.367398, 8.40687, 8.539742 ] }, { "date": "2023-08-04", "close": 8.451632, "volume": 11085370, "typical_volume": 18064305.35, "trend": 8.666941, "fair_value": 7.87809, "relative_strength": -2.002388, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.027799, "energy": 17.112908, "activity_lines": [ 8.447764, 8.383575, 8.403524, 8.526907 ] }, { "date": "2023-08-11", "close": 7.929448, "volume": 15387700, "typical_volume": 17251527.4, "trend": 8.65322, "fair_value": 7.886138, "relative_strength": -4.489161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.390844, "energy": 35.448729, "activity_lines": [ 8.274992, 8.306685, 8.350778, 8.479327 ] }, { "date": "2023-08-18", "close": 7.919778, "volume": 9414604, "typical_volume": 15328801.05, "trend": 8.631163, "fair_value": 7.891184, "relative_strength": -1.540393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.621193, "energy": 57.912545, "activity_lines": [ 8.133809, 8.238556, 8.301171, 8.432008 ] }, { "date": "2023-08-25", "close": 7.455616, "volume": 9368699, "typical_volume": 14558707.0, "trend": 8.593412, "fair_value": 7.891887, "relative_strength": -4.378481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.022516, "energy": 81.168479, "activity_lines": [ 7.875941, 8.092237, 8.212448, 8.356166 ] }, { "date": "2023-09-01", "close": 7.910109, "volume": 15455742, "typical_volume": 14052266.65, "trend": 8.560347, "fair_value": 7.895503, "relative_strength": -1.646432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.053195, "energy": 72.847272, "activity_lines": [ 7.829525, 8.042709, 8.173326, 8.312082 ] }, { "date": "2023-09-08", "close": 7.948789, "volume": 12295871, "typical_volume": 13299866.45, "trend": 8.519445, "fair_value": 7.896632, "relative_strength": 0.984109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.123255, "energy": 68.401543, "activity_lines": [ 7.834682, 8.001007, 8.142579, 8.272627 ] }, { "date": "2023-09-15", "close": 7.532976, "volume": 14980293, "typical_volume": 12936553.15, "trend": 8.441977, "fair_value": 7.895299, "relative_strength": -2.765299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.971385, "energy": 67.530886, "activity_lines": [ 7.734758, 7.890593, 8.07553, 8.208984 ] }, { "date": "2023-09-22", "close": 7.629677, "volume": 15100032, "typical_volume": 13419639.25, "trend": 8.379085, "fair_value": 7.89639, "relative_strength": -1.748995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.210912, "energy": 48.476362, "activity_lines": [ 7.693499, 7.814463, 8.022493, 8.156577 ] }, { "date": "2023-09-29", "close": 7.610337, "volume": 11156020, "typical_volume": 13074881.0, "trend": 8.304641, "fair_value": 7.899365, "relative_strength": -1.193358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.800761, "energy": 50.152185, "activity_lines": [ 7.665134, 7.750465, 7.97151, 8.106981 ] }, { "date": "2023-10-13", "close": 7.436276, "volume": 12509586, "typical_volume": 12962179.4, "trend": 8.251998, "fair_value": 7.898867, "relative_strength": -2.92129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.414938, "energy": 62.522762, "activity_lines": [ 7.568433, 7.668357, 7.905776, 8.050957 ] }, { "date": "2023-10-20", "close": 7.155844, "volume": 10308065, "typical_volume": 12810978.8, "trend": 8.20648, "fair_value": 7.899045, "relative_strength": -1.598397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.762807, "energy": 72.498176, "activity_lines": [ 7.409844, 7.554426, 7.818469, 7.980238 ] }, { "date": "2023-10-27", "close": 7.503967, "volume": 13363510, "typical_volume": 13057283.8, "trend": 8.163884, "fair_value": 7.902939, "relative_strength": 1.240713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.858559, "energy": 55.692315, "activity_lines": [ 7.420159, 7.52735, 7.770979, 7.934914 ] }, { "date": "2023-11-03", "close": 7.639347, "volume": 11512517, "typical_volume": 13069194.35, "trend": 8.118901, "fair_value": 7.905053, "relative_strength": 2.392921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.605825, "energy": 45.644937, "activity_lines": [ 7.477535, 7.532625, 7.741163, 7.901073 ] }, { "date": "2023-11-10", "close": 7.784398, "volume": 11954590, "typical_volume": 13071795.65, "trend": 8.085653, "fair_value": 7.903643, "relative_strength": 2.934543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.14628, "energy": 31.046882, "activity_lines": [ 7.582616, 7.569371, 7.728122, 7.879492 ] }, { "date": "2023-11-17", "close": 7.919778, "volume": 11085556, "typical_volume": 13021566.65, "trend": 8.053133, "fair_value": 7.902345, "relative_strength": 4.569386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.046524, "energy": 20.140848, "activity_lines": [ 7.72122, 7.624754, 7.730116, 7.868791 ] }, { "date": "2023-11-24", "close": 8.035821, "volume": 16304959, "typical_volume": 12762073.55, "trend": 8.032941, "fair_value": 7.905079, "relative_strength": 7.382561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.474132, "energy": 18.620381, "activity_lines": [ 7.866271, 7.70106, 7.743323, 7.867674 ] }, { "date": "2023-12-01", "close": 8.548332, "volume": 109241839, "typical_volume": 17307150.05, "trend": 8.033172, "fair_value": 7.908538, "relative_strength": 15.280367, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.811891, "energy": 39.320712, "activity_lines": [ 8.123495, 7.868967, 7.806731, 7.900925 ] }, { "date": "2023-12-08", "close": 8.12285, "volume": 72094110, "typical_volume": 20303568.85, "trend": 8.022336, "fair_value": 7.908221, "relative_strength": 11.234686, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.228192, "energy": 35.410845, "activity_lines": [ 8.169266, 7.941053, 7.829157, 7.90671 ] }, { "date": "2023-12-15", "close": 8.1712, "volume": 28613492, "typical_volume": 21168655.95, "trend": 8.028249, "fair_value": 7.909029, "relative_strength": 13.618028, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.87861, "energy": 39.956579, "activity_lines": [ 8.198921, 8.012963, 7.857936, 7.916315 ] }, { "date": "2023-12-22", "close": 8.1712, "volume": 0, "typical_volume": 20561627.75, "trend": 8.016799, "fair_value": 7.911409, "relative_strength": 15.329527, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.852458, "energy": 47.149525, "activity_lines": [ 8.202789, 8.074675, 7.887591, 7.925537 ] }, { "date": "2023-12-29", "close": 8.248562, "volume": 47713996, "typical_volume": 22393059.05, "trend": 8.006592, "fair_value": 7.916263, "relative_strength": 12.336262, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.699067, "energy": 22.674485, "activity_lines": [ 8.215683, 8.137092, 7.926133, 7.94049 ] }, { "date": "2024-01-05", "close": 8.026151, "volume": 23265598, "typical_volume": 22786953.95, "trend": 7.990529, "fair_value": 7.922952, "relative_strength": 13.831118, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.828269, "energy": 17.326817, "activity_lines": [ 8.140257, 8.139202, 7.944461, 7.941752 ] }, { "date": "2024-01-12", "close": 8.12285, "volume": 32312037, "typical_volume": 23931825.6, "trend": 7.985927, "fair_value": 7.931075, "relative_strength": 16.220547, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.492769, "energy": 10.616041, "activity_lines": [ 8.131876, 8.149399, 7.971537, 7.950288 ] }, { "date": "2024-01-19", "close": 7.532976, "volume": 35764057, "typical_volume": 25251593.5, "trend": 7.962552, "fair_value": 7.93728, "relative_strength": 10.010836, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.330028, "energy": 11.622272, "activity_lines": [ 7.92687, 8.043556, 7.941468, 7.921066 ] }, { "date": "2024-01-26", "close": 7.910109, "volume": 57435506, "typical_volume": 27350581.7, "trend": 7.961098, "fair_value": 7.946338, "relative_strength": 15.379535, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.215791, "energy": 8.393138, "activity_lines": [ 7.890124, 8.010853, 7.946947, 7.917682 ] }, { "date": "2024-02-02", "close": 6.053458, "volume": 38915837, "typical_volume": 28681580.0, "trend": 7.885289, "fair_value": 7.945824, "relative_strength": -4.039355, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.002377, "energy": 59.396112, "activity_lines": [ 7.2519, 7.640754, 7.775603, 7.794609 ] }, { "date": "2024-02-09", "close": 5.279853, "volume": 41994151, "typical_volume": 30032272.9, "trend": 7.779563, "fair_value": 7.938022, "relative_strength": -23.296496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.637142, "energy": 82.70498, "activity_lines": [ 6.502148, 7.166042, 7.539608, 7.626516 ] }, { "date": "2024-02-23", "close": 6.140488, "volume": 31830105, "typical_volume": 30868776.55, "trend": 7.701236, "fair_value": 7.933408, "relative_strength": -13.050071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.083535, "energy": 77.584052, "activity_lines": [ 6.222361, 6.907236, 7.396306, 7.520769 ] }, { "date": "2024-03-01", "close": 6.440259, "volume": 59253678, "typical_volume": 33273659.45, "trend": 7.637413, "fair_value": 7.935839, "relative_strength": -11.991484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.726019, "energy": 75.835979, "activity_lines": [ 6.174655, 6.738977, 7.288646, 7.439416 ] }, { "date": "2024-03-08", "close": 6.48861, "volume": 59613734, "typical_volume": 35628866.85, "trend": 7.57069, "fair_value": 7.93823, "relative_strength": -10.454127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.83968, "energy": 67.115012, "activity_lines": [ 6.215914, 6.61098, 7.191163, 7.3653 ] }, { "date": "2024-03-15", "close": 6.836732, "volume": 40019869, "typical_volume": 37114457.05, "trend": 7.51686, "fair_value": 7.941427, "relative_strength": -7.768137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.753511, "energy": 38.351929, "activity_lines": [ 6.46798, 6.576871, 7.131347, 7.317948 ] }, { "date": "2024-03-22", "close": 7.620007, "volume": 93970567, "typical_volume": 41144809.9, "trend": 7.506545, "fair_value": 7.948044, "relative_strength": 3.283452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.897389, "energy": 15.901384, "activity_lines": [ 6.92892, 6.710846, 7.147648, 7.324602 ] }, { "date": "2024-03-29", "close": 7.165514, "volume": 47286535, "typical_volume": 42933510.8, "trend": 7.481403, "fair_value": 7.951369, "relative_strength": -1.191565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.623002, "energy": 19.615286, "activity_lines": [ 7.082352, 6.769569, 7.120111, 7.3026 ] }, { "date": "2024-04-05", "close": 7.271885, "volume": 17867996, "typical_volume": 43229181.1, "trend": 7.475278, "fair_value": 7.953397, "relative_strength": -1.254097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.754504, "energy": 20.806795, "activity_lines": [ 7.202905, 6.865039, 7.104961, 7.289083 ] }, { "date": "2024-04-12", "close": 6.875412, "volume": 23336417, "typical_volume": 43841724.15, "trend": 7.440789, "fair_value": 7.953088, "relative_strength": -3.383634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.910971, "energy": 19.282098, "activity_lines": [ 7.135859, 6.89317, 7.054493, 7.250382 ] }, { "date": "2024-04-19", "close": 6.285539, "volume": 32661284, "typical_volume": 44659540.4, "trend": 7.385347, "fair_value": 7.945883, "relative_strength": -12.036633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.176183, "energy": 21.589249, "activity_lines": [ 6.846402, 6.832864, 6.952819, 7.17585 ] }, { "date": "2024-04-26", "close": 7.136504, "volume": 45383699, "typical_volume": 41466633.4, "trend": 7.372131, "fair_value": 7.947538, "relative_strength": -2.074825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.397876, "energy": 19.839558, "activity_lines": [ 6.877346, 6.923059, 6.940524, 7.159795 ] }, { "date": "2024-05-03", "close": 7.223535, "volume": 13611820, "typical_volume": 38542518.9, "trend": 7.358593, "fair_value": 7.949663, "relative_strength": -2.15144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.268494, "energy": 15.630147, "activity_lines": [ 6.969534, 6.995321, 6.943241, 7.150209 ] }, { "date": "2024-05-10", "close": 7.223535, "volume": 24348304, "typical_volume": 38329259.5, "trend": 7.3457, "fair_value": 7.952051, "relative_strength": -3.574102, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.877705, "energy": 9.129533, "activity_lines": [ 7.057854, 7.047891, 6.95024, 7.141495 ] }, { "date": "2024-05-17", "close": 7.387925, "volume": 19788973, "typical_volume": 39318708.15, "trend": 7.344088, "fair_value": 7.95555, "relative_strength": -1.171219, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.318536, "energy": 11.319882, "activity_lines": [ 7.204194, 7.116109, 6.977409, 7.144219 ] }, { "date": "2024-05-24", "close": 7.117164, "volume": 15088047, "typical_volume": 37687410.7, "trend": 7.342799, "fair_value": 7.956208, "relative_strength": -1.986353, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.057451, "energy": 16.852455, "activity_lines": [ 7.226113, 7.118746, 6.98252, 7.129579 ] }, { "date": "2024-05-31", "close": 7.088153, "volume": 12622256, "typical_volume": 37155243.6, "trend": 7.328938, "fair_value": 7.959161, "relative_strength": -1.731957, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.103224, "energy": 14.285248, "activity_lines": [ 7.18292, 7.11101, 6.990256, 7.11315 ] }, { "date": "2024-06-07", "close": 6.169498, "volume": 26299592, "typical_volume": 36854621.35, "trend": 7.279943, "fair_value": 7.956314, "relative_strength": -13.208626, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.721791, "energy": 29.593145, "activity_lines": [ 6.836732, 6.945916, 6.914967, 7.038348 ] }, { "date": "2024-06-14", "close": 6.353229, "volume": 14239485, "typical_volume": 35778392.75, "trend": 7.232238, "fair_value": 7.956139, "relative_strength": -10.395772, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.557267, "energy": 47.400523, "activity_lines": [ 6.622057, 6.832337, 6.866479, 6.97856 ] }, { "date": "2024-06-21", "close": 6.121147, "volume": 11389719, "typical_volume": 33476103.4, "trend": 7.172283, "fair_value": 7.954476, "relative_strength": -11.684539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.532779, "energy": 65.316842, "activity_lines": [ 6.388041, 6.693263, 6.801505, 6.906876 ] }, { "date": "2024-06-28", "close": 6.140862, "volume": 17123917, "typical_volume": 32386507.4, "trend": 7.109118, "fair_value": 7.952939, "relative_strength": -9.1576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.60145, "energy": 71.113471, "activity_lines": [ 6.245049, 6.571489, 6.746928, 6.840333 ] }, { "date": "2024-07-05", "close": 5.914153, "volume": 16492839, "typical_volume": 31111441.8, "trend": 7.021312, "fair_value": 7.949561, "relative_strength": -10.882724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.129149, "energy": 72.76299, "activity_lines": [ 6.091574, 6.411125, 6.670343, 6.763239 ] }, { "date": "2024-07-12", "close": 5.983151, "volume": 16620931, "typical_volume": 30350983.1, "trend": 6.949989, "fair_value": 7.94561, "relative_strength": -11.279568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.226576, "energy": 68.33321, "activity_lines": [ 6.039365, 6.28553, 6.59731, 6.69626 ] }, { "date": "2024-07-19", "close": 5.884582, "volume": 16601711, "typical_volume": 28218384.75, "trend": 6.873768, "fair_value": 7.941564, "relative_strength": -12.969662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.161668, "energy": 65.636469, "activity_lines": [ 5.966723, 6.164567, 6.515637, 6.627525 ] }, { "date": "2024-07-26", "close": 5.855011, "volume": 11138249, "typical_volume": 25794610.5, "trend": 6.796562, "fair_value": 7.937329, "relative_strength": -10.130364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.484104, "energy": 66.664486, "activity_lines": [ 5.915467, 6.062571, 6.433795, 6.561798 ] }, { "date": "2024-08-02", "close": 6.052149, "volume": 12768933, "typical_volume": 24432063.7, "trend": 6.723348, "fair_value": 7.935732, "relative_strength": -6.475703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.814174, "energy": 48.072905, "activity_lines": [ 5.947666, 6.02429, 6.373745, 6.513772 ] }, { "date": "2024-08-09", "close": 5.963437, "volume": 10907139, "typical_volume": 20278892.3, "trend": 6.654591, "fair_value": 7.931654, "relative_strength": -5.961572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.231245, "energy": 43.778069, "activity_lines": [ 5.956209, 5.989243, 6.308982, 6.464745 ] }, { "date": "2024-08-16", "close": 5.914153, "volume": 8522754, "typical_volume": 18340703.25, "trend": 6.580968, "fair_value": 7.928694, "relative_strength": -6.144646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.498355, "energy": 41.229236, "activity_lines": [ 5.945038, 5.965685, 6.247413, 6.416975 ] }, { "date": "2024-08-23", "close": 5.628302, "volume": 10255176, "typical_volume": 17960062.25, "trend": 6.517479, "fair_value": 7.923633, "relative_strength": -8.741242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.169596, "energy": 45.543444, "activity_lines": [ 5.843183, 5.894797, 6.16458, 6.355513 ] }, { "date": "2024-08-30", "close": 6.278859, "volume": 19984046, "typical_volume": 17792443.7, "trend": 6.463104, "fair_value": 7.924295, "relative_strength": -0.210955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.173886, "energy": 28.914158, "activity_lines": [ 5.975266, 5.955373, 6.151531, 6.340118 ] }, { "date": "2024-09-06", "close": 6.229574, "volume": 25001225, "typical_volume": 17409440.75, "trend": 6.468974, "fair_value": 7.919862, "relative_strength": 1.578448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.872264, "energy": 23.717968, "activity_lines": [ 6.062664, 6.004119, 6.136629, 6.325051 ] }, { "date": "2024-09-13", "close": 6.11129, "volume": 9751401, "typical_volume": 15627825.85, "trend": 6.496689, "fair_value": 7.911175, "relative_strength": 1.462657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.970707, "energy": 19.211059, "activity_lines": [ 6.098805, 6.029747, 6.110729, 6.301975 ] }, { "date": "2024-09-20", "close": 6.140862, "volume": 7297463, "typical_volume": 15312108.0, "trend": 6.496701, "fair_value": 7.903334, "relative_strength": 0.829682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.906794, "energy": 21.580561, "activity_lines": [ 6.134947, 6.057167, 6.092527, 6.279018 ] }, { "date": "2024-09-27", "close": 6.692849, "volume": 16659769, "typical_volume": 14927681.25, "trend": 6.505121, "fair_value": 7.8973, "relative_strength": -6.64201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.575175, "energy": 15.957824, "activity_lines": [ 6.339971, 6.182081, 6.13205, 6.291673 ] }, { "date": "2024-10-04", "close": 7.226695, "volume": 11535901, "typical_volume": 14515027.65, "trend": 6.529724, "fair_value": 7.893581, "relative_strength": -8.764068, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 43.533399, "energy": 50.963773, "activity_lines": [ 6.651974, 6.389363, 6.224943, 6.338226 ] }, { "date": "2024-10-11", "close": 6.74228, "volume": 35717230, "typical_volume": 15546486.8, "trend": 6.526575, "fair_value": 7.880066, "relative_strength": -10.722938, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.81106, "energy": 45.122065, "activity_lines": [ 6.739316, 6.483629, 6.272469, 6.35194 ] }, { "date": "2024-10-18", "close": 6.900456, "volume": 21162965, "typical_volume": 15973522.25, "trend": 6.50259, "fair_value": 7.867833, "relative_strength": -11.083106, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.625, "energy": 56.343407, "activity_lines": [ 6.845203, 6.594106, 6.336845, 6.376061 ] }, { "date": "2024-10-25", "close": 7.31567, "volume": 21941450, "typical_volume": 15755615.15, "trend": 6.507595, "fair_value": 7.86092, "relative_strength": -7.920894, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.992746, "energy": 68.498129, "activity_lines": [ 7.036884, 6.76304, 6.441659, 6.428518 ] }, { "date": "2024-11-01", "close": 7.355214, "volume": 47903097, "typical_volume": 17438795.75, "trend": 6.510373, "fair_value": 7.860058, "relative_strength": -5.811752, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.795495, "energy": 61.848769, "activity_lines": [ 7.163425, 6.913682, 6.54478, 6.483203 ] }, { "date": "2024-11-08", "close": 7.849516, "volume": 38186402, "typical_volume": 18778629.9, "trend": 6.542843, "fair_value": 7.862573, "relative_strength": -5.666774, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 84.891312, "energy": 82.689663, "activity_lines": [ 7.410576, 7.122799, 6.690207, 6.569599 ] }, { "date": "2024-11-15", "close": 7.632023, "volume": 39317033, "typical_volume": 19888285.7, "trend": 6.587726, "fair_value": 7.863335, "relative_strength": -4.586259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.993469, "energy": 77.490113, "activity_lines": [ 7.543708, 7.263814, 6.80669, 6.639869 ] }, { "date": "2024-11-22", "close": 7.602365, "volume": 32395492, "typical_volume": 20683418.35, "trend": 6.603255, "fair_value": 7.868, "relative_strength": -1.966814, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.034764, "energy": 69.180042, "activity_lines": [ 7.607638, 7.373937, 6.913247, 6.705329 ] }, { "date": "2024-11-29", "close": 7.88906, "volume": 29109292, "typical_volume": 21307836.4, "trend": 6.625439, "fair_value": 7.876923, "relative_strength": 0.261802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.11251, "energy": 74.015338, "activity_lines": [ 7.720338, 7.509077, 7.03907, 6.788285 ] }, { "date": "2024-12-06", "close": 8.057122, "volume": 26159080, "typical_volume": 21785704.85, "trend": 6.653225, "fair_value": 7.886595, "relative_strength": 1.041254, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.515768, "energy": 70.632383, "activity_lines": [ 7.850834, 7.642987, 7.171823, 6.880651 ] }, { "date": "2024-12-13", "close": 8.422907, "volume": 36986594, "typical_volume": 23078122.1, "trend": 6.687724, "fair_value": 7.893144, "relative_strength": 6.577613, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.483225, "energy": 75.583092, "activity_lines": [ 8.056464, 7.8186, 7.329067, 6.994824 ] }, { "date": "2024-12-20", "close": 8.067009, "volume": 37886805, "typical_volume": 24334015.7, "trend": 6.719386, "fair_value": 7.896993, "relative_strength": 3.014681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.313248, "energy": 58.944571, "activity_lines": [ 8.105235, 7.907754, 7.440188, 7.08381 ] }, { "date": "2024-12-27", "close": 8.017578, "volume": 30549018, "typical_volume": 25316109.65, "trend": 6.750367, "fair_value": 7.898076, "relative_strength": 2.614648, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.020301, "energy": 52.720663, "activity_lines": [ 8.10853, 7.963834, 7.537007, 7.167565 ] }, { "date": "2025-01-03", "close": 7.3651, "volume": 21965479, "typical_volume": 25988245.9, "trend": 6.79022, "fair_value": 7.891062, "relative_strength": 1.855172, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.151381, "energy": 37.256686, "activity_lines": [ 7.866652, 7.880971, 7.561903, 7.207225 ] }, { "date": "2025-01-10", "close": 7.641909, "volume": 27522837, "typical_volume": 26851628.95, "trend": 6.833176, "fair_value": 7.868704, "relative_strength": 7.057479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.550973, "energy": 26.267075, "activity_lines": [ 7.751974, 7.847539, 7.606253, 7.262173 ] }, { "date": "2025-01-17", "close": 8.324046, "volume": 33135746, "typical_volume": 27509213.95, "trend": 6.906606, "fair_value": 7.847133, "relative_strength": 12.66948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.162678, "energy": 30.85533, "activity_lines": [ 7.892355, 7.932918, 7.705979, 7.358358 ] }, { "date": "2025-01-24", "close": 8.2153, "volume": 76856837, "typical_volume": 30101994.55, "trend": 6.975754, "fair_value": 7.822863, "relative_strength": 9.949793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.432634, "energy": 31.380018, "activity_lines": [ 8.003079, 7.989898, 7.78561, 7.44279 ] }, { "date": "2025-01-31", "close": 8.076895, "volume": 11503259, "typical_volume": 30189587.45, "trend": 7.047845, "fair_value": 7.806998, "relative_strength": 9.864767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.256446, "energy": 34.881943, "activity_lines": [ 8.057782, 8.011108, 7.842604, 7.513831 ] }, { "date": "2025-02-07", "close": 8.076895, "volume": 24431009, "typical_volume": 31046264.75, "trend": 7.117637, "fair_value": 7.793582, "relative_strength": 5.468144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.534879, "energy": 37.45463, "activity_lines": [ 8.10853, 8.02369, 7.890237, 7.580221 ] }, { "date": "2025-02-14", "close": 8.155983, "volume": 41510152, "typical_volume": 32288783.9, "trend": 7.19335, "fair_value": 7.784617, "relative_strength": 4.338527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.424974, "energy": 34.027792, "activity_lines": [ 8.138188, 8.047237, 7.936184, 7.647211 ] }, { "date": "2025-02-21", "close": 8.541539, "volume": 34160190, "typical_volume": 33419998.35, "trend": 7.282901, "fair_value": 7.783651, "relative_strength": 6.583912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.608691, "energy": 39.141829, "activity_lines": [ 8.262093, 8.139087, 8.011882, 7.734191 ] }, { "date": "2025-02-28", "close": 8.778804, "volume": 45505941, "typical_volume": 33909433.9, "trend": 7.37379, "fair_value": 7.788179, "relative_strength": 13.037409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.417612, "energy": 49.345358, "activity_lines": [ 8.450587, 8.27192, 8.103917, 7.830701 ] }, { "date": "2025-03-07", "close": 8.600855, "volume": 53165670, "typical_volume": 35509569.15, "trend": 7.461704, "fair_value": 7.792553, "relative_strength": 8.085982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.752245, "energy": 45.818365, "activity_lines": [ 8.542198, 8.359456, 8.169306, 7.909867 ] }, { "date": "2025-03-14", "close": 8.98641, "volume": 37637216, "typical_volume": 36294357.45, "trend": 7.564112, "fair_value": 7.79874, "relative_strength": 11.23401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.457883, "energy": 59.69424, "activity_lines": [ 8.727396, 8.506488, 8.263317, 8.008235 ] }, { "date": "2025-03-21", "close": 8.917209, "volume": 38074918, "typical_volume": 35802948.5, "trend": 7.673742, "fair_value": 7.7983, "relative_strength": 13.268478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.991133, "energy": 58.961521, "activity_lines": [ 8.828893, 8.61146, 8.342782, 8.095531 ] }, { "date": "2025-03-28", "close": 8.472336, "volume": 27557251, "typical_volume": 35271490.95, "trend": 7.746858, "fair_value": 7.797308, "relative_strength": 8.328233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.631263, "energy": 39.87191, "activity_lines": [ 8.731351, 8.612359, 8.37244, 8.147053 ] }, { "date": "2025-04-04", "close": 8.41302, "volume": 19496019, "typical_volume": 34280440.25, "trend": 7.81964, "fair_value": 7.799582, "relative_strength": 9.934358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.355509, "energy": 33.355574, "activity_lines": [ 8.61865, 8.599776, 8.393484, 8.190032 ] }, { "date": "2025-04-11", "close": 8.462451, "volume": 60424767, "typical_volume": 35681904.0, "trend": 7.898012, "fair_value": 7.799333, "relative_strength": 16.204746, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.086054, "energy": 20.53486, "activity_lines": [ 8.546811, 8.592587, 8.415515, 8.231503 ] }, { "date": "2025-04-18", "close": 9.025954, "volume": 54595736, "typical_volume": 36956226.2, "trend": 7.994182, "fair_value": 7.803355, "relative_strength": 23.822485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.068663, "energy": 24.981428, "activity_lines": [ 8.672034, 8.680842, 8.487118, 8.304274 ] }, { "date": "2025-04-25", "close": 9.273106, "volume": 62776298, "typical_volume": 38787087.1, "trend": 8.08019, "fair_value": 7.809826, "relative_strength": 24.892729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.927095, "energy": 38.088731, "activity_lines": [ 8.877005, 8.796778, 8.576846, 8.386785 ] }, { "date": "2025-05-02", "close": 9.273106, "volume": 19223304, "typical_volume": 37898922.6, "trend": 8.148404, "fair_value": 7.818808, "relative_strength": 24.524148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.270099, "energy": 52.870781, "activity_lines": [ 9.058249, 8.892403, 8.660783, 8.463747 ] }, { "date": "2025-05-09", "close": 10.8351, "volume": 65393713, "typical_volume": 39274268.0, "trend": 8.284831, "fair_value": 7.843359, "relative_strength": 41.056305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.657707, "energy": 82.19426, "activity_lines": [ 9.706773, 9.258726, 8.889433, 8.637083 ] }, { "date": "2025-05-16", "close": 11.2602, "volume": 225125756, "typical_volume": 49003104.9, "trend": 8.430156, "fair_value": 7.874579, "relative_strength": 44.565148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.699709, "energy": 88.74433, "activity_lines": [ 10.335526, 9.664952, 9.145388, 8.829042 ] }, { "date": "2025-05-23", "close": 10.281482, "volume": 137119051, "typical_volume": 54760783.5, "trend": 8.529016, "fair_value": 7.901677, "relative_strength": 31.755095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.551495, "energy": 78.200873, "activity_lines": [ 10.451522, 9.844878, 9.29269, 8.948482 ] }, { "date": "2025-05-30", "close": 10.063989, "volume": 54174801, "typical_volume": 56093381.7, "trend": 8.619309, "fair_value": 7.927111, "relative_strength": 29.35421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.547312, "energy": 72.788098, "activity_lines": [ 10.411319, 9.961713, 9.40539, 9.047513 ] }, { "date": "2025-06-06", "close": 10.063989, "volume": 25977537, "typical_volume": 55735471.25, "trend": 8.693125, "fair_value": 7.950125, "relative_strength": 26.526791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.903506, "energy": 49.269935, "activity_lines": [ 10.31839, 10.057698, 9.506558, 9.140718 ] }, { "date": "2025-06-13", "close": 10.25, "volume": 48889432, "typical_volume": 54337101.0, "trend": 8.780391, "fair_value": 7.972838, "relative_strength": 28.617216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.130841, "energy": 38.856321, "activity_lines": [ 10.234739, 10.158563, 9.617155, 9.241161 ] }, { "date": "2025-06-20", "close": 9.88, "volume": 26618531, "typical_volume": 55092864.6, "trend": 8.856312, "fair_value": 7.99297, "relative_strength": 24.475882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.987003, "energy": 28.161641, "activity_lines": [ 10.066762, 10.158757, 9.682824, 9.312104 ] }, { "date": "2025-06-27", "close": 10.03, "volume": 27314058, "typical_volume": 55237017.05, "trend": 8.927676, "fair_value": 8.01193, "relative_strength": 21.018655, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.10899, "energy": 25.179833, "activity_lines": [ 10.040798, 10.160449, 9.754194, 9.387826 ] }, { "date": "2025-07-04", "close": 10.3, "volume": 41830396, "typical_volume": 55253029.25, "trend": 9.002439, "fair_value": 8.033135, "relative_strength": 21.856181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.120933, "energy": 26.710019, "activity_lines": [ 10.121599, 10.192977, 9.841977, 9.476363 ] }, { "date": "2025-07-11", "close": 10.75, "volume": 60573039, "typical_volume": 56573671.7, "trend": 9.080009, "fair_value": 8.056026, "relative_strength": 23.976411, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.449088, "energy": 38.259013, "activity_lines": [ 10.336667, 10.288652, 9.962408, 9.589109 ] }, { "date": "2025-07-18", "close": 10.59, "volume": 31150358, "typical_volume": 55855892.55, "trend": 9.164109, "fair_value": 8.076135, "relative_strength": 18.822511, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.206418, "energy": 41.741162, "activity_lines": [ 10.452667, 10.328383, 10.057084, 9.686527 ] }, { "date": "2025-07-25", "close": 10.25, "volume": 44762299, "typical_volume": 55435724.0, "trend": 9.238523, "fair_value": 8.094194, "relative_strength": 11.765761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.585381, "energy": 36.89081, "activity_lines": [ 10.432667, 10.310753, 10.110754, 9.756585 ] }, { "date": "2025-08-01", "close": 10.23, "volume": 47823169, "typical_volume": 55945021.65, "trend": 9.334019, "fair_value": 8.110412, "relative_strength": 12.752872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.260741, "energy": 32.706348, "activity_lines": [ 10.381333, 10.307854, 10.154667, 9.820551 ] }, { "date": "2025-08-08", "close": 10.44, "volume": 38021110, "typical_volume": 55942331.25, "trend": 9.427289, "fair_value": 8.123182, "relative_strength": 13.047731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.83213, "energy": 30.527368, "activity_lines": [ 10.386667, 10.344073, 10.212658, 9.891905 ] }, { "date": "2025-08-15", "close": 10.33, "volume": 32357322, "typical_volume": 56182334.8, "trend": 9.494154, "fair_value": 8.134861, "relative_strength": 6.548503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.357411, "energy": 23.429591, "activity_lines": [ 10.346, 10.353455, 10.252921, 9.950144 ] }, { "date": "2025-08-22", "close": 10.51, "volume": 41444275, "typical_volume": 57279747.6, "trend": 9.570644, "fair_value": 8.147266, "relative_strength": 3.250848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.732966, "energy": 31.341413, "activity_lines": [ 10.393333, 10.390727, 10.301481, 10.015683 ] }, { "date": "2025-08-29", "close": 10.37, "volume": 56788414, "typical_volume": 57097929.95, "trend": 9.647081, "fair_value": 8.158346, "relative_strength": -2.522964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.97601, "energy": 28.812372, "activity_lines": [ 10.399333, 10.397818, 10.326722, 10.067254 ] }, { "date": "2025-09-05", "close": 10.14, "volume": 29726105, "typical_volume": 55854448.4, "trend": 9.715851, "fair_value": 8.167052, "relative_strength": -3.971958, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.116492, "energy": 19.483081, "activity_lines": [ 10.320667, 10.354182, 10.320975, 10.099055 ] }, { "date": "2025-09-12", "close": 10.19, "volume": 19814375, "typical_volume": 53706352.25, "trend": 9.783652, "fair_value": 8.168159, "relative_strength": -6.038614, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.705559, "energy": 16.118507, "activity_lines": [ 10.264667, 10.317636, 10.314684, 10.129646 ] }, { "date": "2025-09-19", "close": 9.95, "volume": 29996829, "typical_volume": 54245028.5, "trend": 9.8306, "fair_value": 8.159894, "relative_strength": -9.283187, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.933761, "energy": 8.921914, "activity_lines": [ 10.145333, 10.239455, 10.281171, 10.140378 ] }, { "date": "2025-09-26", "close": 9.82, "volume": 18617578, "typical_volume": 51906221.75, "trend": 9.865307, "fair_value": 8.159828, "relative_strength": -11.485939, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.277478, "energy": 12.951736, "activity_lines": [ 10.008, 10.152182, 10.232053, 10.139694 ] }, { "date": "2025-10-03", "close": 9.73, "volume": 7678222, "typical_volume": 41033845.05, "trend": 9.902945, "fair_value": 8.162096, "relative_strength": -14.420524, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.046171, "energy": 30.886455, "activity_lines": [ 9.886667, 10.062545, 10.179197, 10.130964 ] }, { "date": "2025-10-10", "close": 10.74, "volume": 27954451, "typical_volume": 35575615.05, "trend": 9.961398, "fair_value": 8.172722, "relative_strength": -4.619468, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.220756, "energy": 16.698847, "activity_lines": [ 10.144667, 10.166, 10.229819, 10.184968 ] }, { "date": "2025-10-17", "close": 13.08, "volume": 136224261, "typical_volume": 39678088.05, "trend": 10.100158, "fair_value": 8.200531, "relative_strength": 21.254708, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.983015, "energy": 74.099681, "activity_lines": [ 11.142667, 10.685636, 10.501114, 10.386168 ] }, { "date": "2025-10-24", "close": 11.38, "volume": 185392481, "typical_volume": 47648835.25, "trend": 10.19708, "fair_value": 8.218384, "relative_strength": 0.350186, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.882229, "energy": 65.475372, "activity_lines": [ 11.381333, 10.848182, 10.596143, 10.468738 ] }, { "date": "2025-10-31", "close": 11.39, "volume": 79987392, "typical_volume": 49203733.25, "trend": 10.296313, "fair_value": 8.231936, "relative_strength": -0.561483, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.986428, "energy": 69.084063, "activity_lines": [ 11.528, 10.993455, 10.685857, 10.545701 ] }, { "date": "2025-11-07", "close": 11.29, "volume": 39790233, "typical_volume": 49862318.35, "trend": 10.390564, "fair_value": 8.244803, "relative_strength": -1.930838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.167705, "energy": 70.888952, "activity_lines": [ 11.536667, 11.104545, 10.760619, 10.60981 ] }, { "date": "2025-11-14", "close": 11.33, "volume": 42081311, "typical_volume": 50600681.0, "trend": 10.467366, "fair_value": 8.267944, "relative_strength": -0.511235, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.787745, "energy": 40.067466, "activity_lines": [ 11.454667, 11.206182, 10.832476, 10.670419 ] }, { "date": "2025-11-21", "close": 10.04, "volume": 39264541, "typical_volume": 50472388.25, "trend": 10.492929, "fair_value": 8.279263, "relative_strength": -7.221729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.513486, "energy": 10.881037, "activity_lines": [ 10.903333, 11.051636, 10.775286, 10.642847 ] }, { "date": "2025-11-28", "close": 11.67, "volume": 87409391, "typical_volume": 51814205.85, "trend": 10.572825, "fair_value": 8.301801, "relative_strength": 3.777243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.93506, "energy": 21.138409, "activity_lines": [ 11.098, 11.196182, 10.874571, 10.718787 ] }, { "date": "2025-12-05", "close": 11.33, "volume": 88023986, "typical_volume": 54657887.25, "trend": 10.589322, "fair_value": 8.319976, "relative_strength": -0.753652, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.879831, "energy": 18.054288, "activity_lines": [ 11.16, 11.247636, 10.937095, 10.767637 ] }, { "date": "2025-12-12", "close": 12.08, "volume": 157716035, "typical_volume": 60305574.05, "trend": 10.616649, "fair_value": 8.343429, "relative_strength": 4.643475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.3103, "energy": 31.249436, "activity_lines": [ 11.476, 11.408, 11.067524, 10.86381 ] }, { "date": "2025-12-19", "close": 12.1, "volume": 101759674, "typical_volume": 63002399.3, "trend": 10.677266, "fair_value": 8.365642, "relative_strength": 5.37926, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.990113, "energy": 50.959381, "activity_lines": [ 11.746, 11.529273, 11.191143, 10.95951 ] }, { "date": "2025-12-26", "close": 11.92, "volume": 60009777, "typical_volume": 64101832.65, "trend": 10.739133, "fair_value": 8.384602, "relative_strength": 0.000169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.558231, "energy": 48.596189, "activity_lines": [ 11.904667, 11.593091, 11.288714, 11.039686 ] }, { "date": "2026-01-02", "close": 11.49, "volume": 33294415, "typical_volume": 64148687.3, "trend": 10.786667, "fair_value": 8.405259, "relative_strength": -3.268815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.461422, "energy": 39.240929, "activity_lines": [ 11.794667, 11.599818, 11.338286, 11.088129 ] }, { "date": "2026-01-09", "close": 11.68, "volume": 51318978, "typical_volume": 64642422.45, "trend": 10.834333, "fair_value": 8.427989, "relative_strength": -5.910654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.128849, "energy": 29.945894, "activity_lines": [ 11.76, 11.639091, 11.400429, 11.145763 ] }, { "date": "2026-01-16", "close": 10.95, "volume": 61728392, "typical_volume": 64889421.35, "trend": 10.87, "fair_value": 8.447153, "relative_strength": -12.68508, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.245456, "energy": 14.382572, "activity_lines": [ 11.458667, 11.540364, 11.387476, 11.153226 ] }, { "date": "2026-01-23", "close": 11.2, "volume": 33014201, "typical_volume": 65053826.15, "trend": 10.909, "fair_value": 8.465479, "relative_strength": -11.628807, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.941778, "energy": 17.203012, "activity_lines": [ 11.316, 11.493273, 11.395571, 11.174516 ] }, { "date": "2026-01-30", "close": 10.84, "volume": 32620472, "typical_volume": 65694131.0, "trend": 10.927, "fair_value": 8.479957, "relative_strength": -13.000422, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.689541, "energy": 14.503364, "activity_lines": [ 11.113333, 11.383091, 11.364333, 11.170065 ] }, { "date": "2026-02-06", "close": 10.84, "volume": 25468719, "typical_volume": 65467725.5, "trend": 10.93, "fair_value": 8.494392, "relative_strength": -11.159636, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.788984, "energy": 14.304483, "activity_lines": [ 10.982667, 11.258364, 11.33, 11.164452 ] }, { "date": "2026-02-13", "close": 10.85, "volume": 21659991, "typical_volume": 65619846.15, "trend": 10.938667, "fair_value": 8.506879, "relative_strength": -12.318405, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.842752, "energy": 20.889344, "activity_lines": [ 10.898667, 11.150545, 11.292381, 11.15929 ] }, { "date": "2026-02-27", "close": 11.23, "volume": 20124976, "typical_volume": 66242183.85, "trend": 10.971333, "fair_value": 8.520047, "relative_strength": -11.715377, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.349865, "energy": 12.353935, "activity_lines": [ 10.996667, 11.120545, 11.286048, 11.178086 ] }, { "date": "2026-03-06", "close": 10.99, "volume": 26791343, "typical_volume": 66184028.45, "trend": 10.996667, "fair_value": 8.527309, "relative_strength": -11.535824, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.629252, "energy": 14.754221, "activity_lines": [ 10.996, 11.062364, 11.249714, 11.17929 ] }, { "date": "2026-03-13", "close": 10.95, "volume": 21786999, "typical_volume": 60462165.35, "trend": 11.013667, "fair_value": 8.536499, "relative_strength": -12.474626, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.476995, "energy": 11.249521, "activity_lines": [ 10.996, 11.017091, 11.208381, 11.17628 ] }, { "date": "2026-03-20", "close": 10.27, "volume": 21573937, "typical_volume": 52271238.15, "trend": 11.011667, "fair_value": 8.539232, "relative_strength": -15.310772, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.367159, "energy": 30.699239, "activity_lines": [ 10.762, 10.865818, 11.112429, 11.128301 ] }, { "date": "2026-03-27", "close": 10.21, "volume": 22564827, "typical_volume": 49400109.9, "trend": 11.001667, "fair_value": 8.546888, "relative_strength": -14.985339, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.738954, "energy": 49.527645, "activity_lines": [ 10.546, 10.725818, 11.016048, 11.076581 ] }, { "date": "2026-04-03", "close": 9.97, "volume": 33410479, "typical_volume": 49081122.2, "trend": 10.988333, "fair_value": 8.556174, "relative_strength": -14.35218, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.308265, "energy": 59.82, "activity_lines": [ 10.292667, 10.568909, 10.902429, 11.010022 ] }, { "date": "2026-04-10", "close": 11.0, "volume": 34402522, "typical_volume": 48697182.75, "trend": 11.017, "fair_value": 8.570393, "relative_strength": -11.737329, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.331125, "energy": 56.865904, "activity_lines": [ 10.466667, 10.617091, 10.89319, 11.010774 ] }, { "date": "2026-04-17", "close": 11.23, "volume": 36931967, "typical_volume": 48580554.05, "trend": 11.051667, "fair_value": 8.58476, "relative_strength": -13.17499, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -32.735918, "energy": 21.088841, "activity_lines": [ 10.716667, 10.710727, 10.907429, 11.024516 ] }, { "date": "2026-04-24", "close": 10.24896, "volume": 66605517, "typical_volume": 47540360.35, "trend": 11.061632, "fair_value": 8.594164, "relative_strength": -20.635142, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.978057, "energy": 25.653792, "activity_lines": [ 10.620987, 10.618902, 10.822568, 10.972729 ] }, { "date": "2026-05-01", "close": 9.854389, "volume": 22720153, "typical_volume": 44275168.7, "trend": 11.062778, "fair_value": 8.600312, "relative_strength": -24.057577, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.675811, "energy": 32.228141, "activity_lines": [ 10.395186, 10.466082, 10.706895, 10.894842 ] }, { "date": "2026-05-08", "close": 10.031946, "volume": 14192551, "typical_volume": 37098994.5, "trend": 11.072843, "fair_value": 8.609224, "relative_strength": -24.461529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.168428, "energy": 39.962691, "activity_lines": [ 10.252278, 10.363648, 10.61516, 10.828337 ] }, { "date": "2026-05-15", "close": 10.633665, "volume": 53134588, "typical_volume": 34667740.2, "trend": 11.069299, "fair_value": 8.622636, "relative_strength": -19.214335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.70272, "energy": 43.33052, "activity_lines": [ 10.305813, 10.3924, 10.590484, 10.800003 ] }, { "date": "2026-05-22", "close": 11.176199, "volume": 56127519, "typical_volume": 34473627.3, "trend": 11.005839, "fair_value": 8.640125, "relative_strength": -14.531149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.839643, "energy": 15.949347, "activity_lines": [ 10.564615, 10.526273, 10.62446, 10.806899 ] }, { "date": "2026-05-29", "close": 10.140452, "volume": 29702583, "typical_volume": 34294035.7, "trend": 10.96452, "fair_value": 8.653886, "relative_strength": -21.688308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.126994, "energy": 19.953325, "activity_lines": [ 10.481755, 10.467716, 10.563336, 10.751068 ] }, { "date": "2026-06-05", "close": 9.97276, "volume": 5017945, "typical_volume": 31978984.05, "trend": 10.917279, "fair_value": 8.663232, "relative_strength": -21.032265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.479072, "energy": 24.206017, "activity_lines": [ 10.350232, 10.381025, 10.492667, 10.687083 ] }, { "date": "2026-06-12", "close": 9.252669, "volume": 2561946, "typical_volume": 29020661.75, "trend": 10.849368, "fair_value": 8.667706, "relative_strength": -24.361698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.801856, "energy": 40.34098, "activity_lines": [ 9.970787, 10.167722, 10.361548, 10.579689 ] }, { "date": "2026-06-19", "close": 8.72, "volume": 18503946, "typical_volume": 28295149.0, "trend": 10.762368, "fair_value": 8.669065, "relative_strength": -32.720309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.513725, "energy": 72.657188, "activity_lines": [ 9.465737, 9.870612, 10.187781, 10.442311 ] }, { "date": "2026-06-26", "close": 8.18, "volume": 3347317, "typical_volume": 26831491.25, "trend": 10.700368, "fair_value": 8.668546, "relative_strength": -35.169512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.460286, "energy": 83.410021, "activity_lines": [ 8.908265, 9.516775, 9.974395, 10.275706 ] }, { "date": "2026-07-03", "close": 8.39, "volume": 3415460, "typical_volume": 25728828.3, "trend": 10.591035, "fair_value": 8.669545, "relative_strength": -32.016977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.801558, "energy": 85.500993, "activity_lines": [ 8.62054, 9.256574, 9.793676, 10.12665 ] }, { "date": "2026-07-10", "close": 8.17, "volume": 14369789, "typical_volume": 25364318.2, "trend": 10.485701, "fair_value": 8.670931, "relative_strength": -30.639135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.784725, "energy": 87.366124, "activity_lines": [ 8.376178, 8.990173, 9.603671, 9.970454 ] }, { "date": "2026-07-17", "close": 7.87, "volume": 16964518, "typical_volume": 25206295.3, "trend": 10.345368, "fair_value": 8.667997, "relative_strength": -25.870621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.858634, "energy": 87.73939, "activity_lines": [ 8.152, 8.699851, 9.397857, 9.8017 ] }, { "date": "2026-07-24", "close": 7.52, "volume": 18966653, "typical_volume": 24815060.8, "trend": 10.192701, "fair_value": 8.662025, "relative_strength": -28.765383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.798558, "energy": 89.845552, "activity_lines": [ 7.903333, 8.385201, 9.174709, 9.619418 ] }, { "date": "2026-07-31", "close": 7.94, "volume": 14080103, "typical_volume": 24429716.0, "trend": 10.060035, "fair_value": 8.658497, "relative_strength": -23.059577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.81906, "energy": 77.502129, "activity_lines": [ 7.874667, 8.203527, 9.008085, 9.474082 ] }, { "date": "2026-08-07", "close": 8.45, "volume": 17450695, "typical_volume": 24223553.9, "trend": 9.958701, "fair_value": 8.659107, "relative_strength": -21.631459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.585517, "energy": 56.664603, "activity_lines": [ 8.032, 8.17342, 8.904366, 9.370209 ] } ], "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." } } }