{ "ticker": { "uuid": "dfb49210-4851-46e7-8e83-287dc79e2239", "symbol": "603193", "name": "Runben Biotechnology 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": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -43.059, "architecture_energy": 27.629, "architecture_maturity": 68.373, "architecture_confidence": 95.3, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 26.73, "rotation_up": 28.88, "upward_expansion": 17.93, "deceleration": 44.07, "rotation_down": 38.03, "downward_expansion": 67.93 }, "activity_lines": [ 20.3, 19.970909, 21.102101, 21.701721 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 20.790001, "trend_reference": 22.47493, "distance_from_trend": -0.074969, "trend_direction": "Weakening", "fair_value": 23.289036, "distance_from_fair_value": -0.107305, "fair_value_direction": "Weakening", "relative_strength": -14.385243, "relative_strength_direction": "Improving", "price_momentum": -0.1174, "excess_performance": -0.074196, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.074969, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.064043, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.107305, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.185857, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.143852, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.02976, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.1174, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.514405, "read": "Supply-led" } ], "volume": { "latest": 14075366, "relative_activity": 0.822902, "balance": 0.514405, "dry_up": 1.106496, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.089029, "annualized_volatility": 0.417736, "from_high_reference": -0.388147, "from_low_reference": 0.137309 }, "levels": { "trend_reference": 22.47493, "fair_value_reference": 23.289036, "structural_low": 18.280001, "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": 9, "median_return": -0.027712, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.032094, "regime_survival": 0.888889, "best_return": 0.075808, "worst_return": -0.091396, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.110149, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.127557, "regime_survival": 1.0, "best_return": -0.02827, "worst_return": -0.158577, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.251258, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.273595, "regime_survival": 1.0, "best_return": -0.251258, "worst_return": -0.251258, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-02", "end": "2025-06-13", "tenure": "Developing", "return": -0.035935, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-20", "end": "2025-07-11", "tenure": "New", "return": -0.119892, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": 0.147675, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": -0.076441, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-12", "end": "2026-04-24", "tenure": "Extended", "return": -0.090194, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-22", "tenure": "New", "return": -0.115518, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.023067, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.003863, "active": true } ], "chart_path": [ { "date": "2023-10-20", "close": 18.144871, "volume": 109677641, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 18.048866, "volume": 90249102, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 17.127226, "volume": 63825480, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 17.156027, "volume": 29983198, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 16.925613, "volume": 21564469, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 16.877611, "volume": 22972554, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 16.445589, "volume": 14344775, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 15.783161, "volume": 13304926, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 15.879163, "volume": 8188901, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 18.125671, "volume": 38614347, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 17.453638, "volume": 78196319, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 16.839212, "volume": 38707554, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 17.367237, "volume": 39598109, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 16.071173, "volume": 31792388, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 15.888763, "volume": 27873341, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 13.277439, "volume": 17794471, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 13.095031, "volume": 24151342, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 15.255134, "volume": 23545037, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 16.263182, "volume": 18390509, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 15.091927, "volume": 11928185, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 15.994369, "volume": 11494286, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 15.427941, "volume": 11643543, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 15.264734, "volume": 11596197, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 14.813512, "volume": 5970961, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 15.677553, "volume": 21387938, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 15.859963, "volume": 15669140, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 17.952864, "volume": 32289500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 17.88566, "volume": 7602836, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 18.250479, "volume": 13552884, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 19.53694, "volume": 16268830, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 18.970512, "volume": 9753739, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 20.739334, "volume": 9168287, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 18.599562, "volume": 13167722, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 17.757208, "volume": 7225067, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 17.428013, "volume": 9580624, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 17.805618, "volume": 10967542, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 16.401695, "volume": 5365338, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 18.173544, "volume": 15844918, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 17.854031, "volume": 8757965, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 16.382334, "volume": 6576456, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 17.573248, "volume": 11676799, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 16.711525, "volume": 7342345, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 16.672796, "volume": 8485391, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 15.762671, "volume": 10662814, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 17.544199, "volume": 10951668, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 17.03104, "volume": 8502113, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 16.256464, "volume": 4931188, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 16.701845, "volume": 4553761, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 20.632828, "volume": 21105157, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 22.695147, "volume": 9787034, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 23.31481, "volume": 26296587, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 23.247032, "volume": 16069048, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 23.334173, "volume": 21571292, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 23.30162, "volume": 11330318, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 23.535709, "volume": 13843271, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 23.603989, "volume": 36144493, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 22.667629, "volume": 17050596, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 21.809303, "volume": 18278878, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 21.750782, "volume": 16287081, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 24.023396, "volume": 18974619, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 22.921227, "volume": 15561894, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 23.525959, "volume": 17313970, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 22.7164, "volume": 13367230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 23.925861, "volume": 18454017, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 25.067045, "volume": 15779111, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 24.79394, "volume": 13312190, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 24.384285, "volume": 1481100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 28.002913, "volume": 8083856, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 27.261631, "volume": 22274232, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 27.973652, "volume": 18436688, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 28.627151, "volume": 12762281, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 31.046072, "volume": 13524436, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 35.630318, "volume": 24521242, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 32.294548, "volume": 22687492, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 33.972187, "volume": 11739739, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 34.976818, "volume": 11754330, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 33.162628, "volume": 20401637, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 33.045582, "volume": 21011965, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 34.703712, "volume": 19532823, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 36.527657, "volume": 17918875, "typical_volume": 15995955.4, "trend": 27.171601, "fair_value": 20.832777, "relative_strength": 52.820689, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.637805, "energy": 50.434676, "activity_lines": [ 34.792797, 34.193151, 31.658187, 29.581235 ] }, { "date": "2025-05-09", "close": 37.737118, "volume": 18211051, "typical_volume": 16128413.25, "trend": 27.652345, "fair_value": 21.041473, "relative_strength": 52.687971, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.241636, "energy": 55.379374, "activity_lines": [ 35.87741, 34.98196, 32.468581, 30.262881 ] }, { "date": "2025-05-16", "close": 41.570328, "volume": 21571000, "typical_volume": 16341264.75, "trend": 28.263121, "fair_value": 21.291825, "relative_strength": 64.297985, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.2588, "energy": 77.048062, "activity_lines": [ 38.055739, 36.302081, 33.573491, 31.160816 ] }, { "date": "2025-05-23", "close": 38.946579, "volume": 23665950, "typical_volume": 16856200.75, "trend": 28.783535, "fair_value": 21.504533, "relative_strength": 52.660675, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.245598, "energy": 72.354719, "activity_lines": [ 38.798972, 36.953806, 34.342594, 31.850071 ] }, { "date": "2025-05-30", "close": 38.168438, "volume": 18928790, "typical_volume": 16879939.4, "trend": 29.279095, "fair_value": 21.702913, "relative_strength": 47.901776, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.659412, "energy": 67.399895, "activity_lines": [ 38.889426, 37.403756, 34.960302, 32.455549 ] }, { "date": "2025-06-06", "close": 35.519215, "volume": 27638206, "typical_volume": 17472894.15, "trend": 29.678545, "fair_value": 21.865457, "relative_strength": 34.620072, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.903977, "energy": 47.012412, "activity_lines": [ 37.865823, 37.265231, 35.257882, 32.858137 ] }, { "date": "2025-06-13", "close": 35.215042, "volume": 21258801, "typical_volume": 17870224.7, "trend": 30.065581, "fair_value": 22.020685, "relative_strength": 32.304985, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.20352, "energy": 31.242704, "activity_lines": [ 36.808058, 37.043273, 35.47672, 33.21533 ] }, { "date": "2025-06-20", "close": 32.654125, "volume": 17335885, "typical_volume": 18662963.95, "trend": 30.398464, "fair_value": 22.142908, "relative_strength": 22.143874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.914968, "energy": 20.420228, "activity_lines": [ 35.064793, 36.351363, 35.402038, 33.382333 ] }, { "date": "2025-06-27", "close": 31.025347, "volume": 26203018, "typical_volume": 19568922.05, "trend": 30.705665, "fair_value": 22.243845, "relative_strength": 13.035074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.583107, "energy": 18.748362, "activity_lines": [ 33.373015, 35.372557, 35.132853, 33.422777 ] }, { "date": "2025-07-04", "close": 29.612427, "volume": 27455001, "typical_volume": 19827960.5, "trend": 30.96772, "fair_value": 22.326638, "relative_strength": 5.640848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.883772, "energy": 27.396417, "activity_lines": [ 31.738346, 34.173588, 34.714712, 33.352246 ] }, { "date": "2025-07-11", "close": 28.739164, "volume": 21120723, "typical_volume": 19962162.25, "trend": 31.124912, "fair_value": 22.397889, "relative_strength": 0.92187, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.448197, "energy": 44.055084, "activity_lines": [ 30.382991, 32.908413, 34.202209, 33.208468 ] }, { "date": "2025-07-18", "close": 27.640228, "volume": 25816705, "typical_volume": 20614883.45, "trend": 31.282212, "fair_value": 22.455497, "relative_strength": -4.021841, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.281148, "energy": 62.315928, "activity_lines": [ 29.113326, 31.58504, 33.5814, 32.98365 ] }, { "date": "2025-07-25", "close": 33.566639, "volume": 112224104, "typical_volume": 25549866.85, "trend": 31.616902, "fair_value": 22.57627, "relative_strength": 13.65244, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.334887, "energy": 44.183061, "activity_lines": [ 30.32412, 31.522777, 33.529711, 33.131032 ] }, { "date": "2025-08-01", "close": 32.379395, "volume": 90738403, "typical_volume": 28860724.9, "trend": 31.939002, "fair_value": 22.68168, "relative_strength": 9.887072, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.233359, "energy": 21.173339, "activity_lines": [ 31.078331, 31.390172, 33.352948, 33.180225 ] }, { "date": "2025-08-08", "close": 31.721996, "volume": 46225834, "typical_volume": 30037642.0, "trend": 32.198873, "fair_value": 22.777854, "relative_strength": 4.727001, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.928606, "energy": 12.048454, "activity_lines": [ 31.52314, 31.257444, 33.129056, 33.166225 ] }, { "date": "2025-08-15", "close": 31.319704, "volume": 33503989, "typical_volume": 31125854.5, "trend": 32.407295, "fair_value": 22.867768, "relative_strength": 1.049276, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.087708, "energy": 10.975808, "activity_lines": [ 31.693213, 31.168779, 32.869577, 33.109504 ] }, { "date": "2025-08-22", "close": 30.554373, "volume": 32740622, "typical_volume": 32175169.1, "trend": 32.599309, "fair_value": 22.947837, "relative_strength": -5.279036, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.262713, "energy": 11.361764, "activity_lines": [ 31.43614, 31.017319, 32.549841, 32.989961 ] }, { "date": "2025-08-29", "close": 29.141455, "volume": 29747006, "typical_volume": 32642437.55, "trend": 32.757881, "fair_value": 23.011688, "relative_strength": -10.69375, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -32.726202, "energy": 28.835207, "activity_lines": [ 30.513818, 30.693703, 32.1166, 32.766873 ] }, { "date": "2025-09-05", "close": 28.925591, "volume": 17504003, "typical_volume": 32467039.45, "trend": 32.788637, "fair_value": 23.072034, "relative_strength": -10.58994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.781169, "energy": 58.415736, "activity_lines": [ 29.814553, 30.394707, 31.681949, 32.519629 ] }, { "date": "2025-09-12", "close": 28.464432, "volume": 15544948, "typical_volume": 32267645.7, "trend": 32.828731, "fair_value": 23.126503, "relative_strength": -13.598554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.829453, "energy": 64.999137, "activity_lines": [ 29.191823, 30.05004, 31.222997, 32.240648 ] }, { "date": "2025-09-19", "close": 27.813957, "volume": 16847766, "typical_volume": 32214090.25, "trend": 32.823408, "fair_value": 23.173377, "relative_strength": -14.683868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.682505, "energy": 71.865068, "activity_lines": [ 28.569438, 29.607978, 30.731806, 31.917114 ] }, { "date": "2025-09-26", "close": 29.029274, "volume": 25507301, "typical_volume": 32578902.75, "trend": 32.836812, "fair_value": 23.231357, "relative_strength": -11.322454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.443959, "energy": 65.261639, "activity_lines": [ 28.585875, 29.403705, 30.397853, 31.672331 ] }, { "date": "2025-10-03", "close": 27.675629, "volume": 8717098, "typical_volume": 31936207.65, "trend": 32.724464, "fair_value": 23.274928, "relative_strength": -16.70892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.521013, "energy": 62.818315, "activity_lines": [ 28.252771, 28.928059, 29.976448, 31.339352 ] }, { "date": "2025-10-10", "close": 27.675629, "volume": 4037505, "typical_volume": 30954785.4, "trend": 32.459307, "fair_value": 23.317653, "relative_strength": -16.986645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.083565, "energy": 56.439213, "activity_lines": [ 28.017389, 28.559522, 29.621208, 31.013621 ] }, { "date": "2025-10-17", "close": 26.944464, "volume": 16365608, "typical_volume": 30826626.3, "trend": 32.280971, "fair_value": 23.352526, "relative_strength": -17.953931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.840984, "energy": 52.484089, "activity_lines": [ 27.621615, 28.14357, 29.250004, 30.657824 ] }, { "date": "2025-10-24", "close": 26.163893, "volume": 17993479, "typical_volume": 30344389.95, "trend": 32.020695, "fair_value": 23.379301, "relative_strength": -22.482325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.410246, "energy": 77.822746, "activity_lines": [ 27.066983, 27.672559, 28.857908, 30.263174 ] }, { "date": "2025-10-31", "close": 26.233057, "volume": 10492443, "typical_volume": 29806072.05, "trend": 31.729236, "fair_value": 23.406223, "relative_strength": -22.280004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.333913, "energy": 86.4596, "activity_lines": [ 26.645409, 27.307866, 28.516947, 29.889778 ] }, { "date": "2025-11-07", "close": 25.146191, "volume": 13341999, "typical_volume": 29606377.75, "trend": 31.462021, "fair_value": 23.422485, "relative_strength": -26.209409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.80998, "energy": 92.055959, "activity_lines": [ 26.047961, 26.82413, 28.115248, 29.465065 ] }, { "date": "2025-11-14", "close": 25.432728, "volume": 12129089, "typical_volume": 28902681.3, "trend": 31.20826, "fair_value": 23.441098, "relative_strength": -25.115948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.989391, "energy": 88.608525, "activity_lines": [ 25.714655, 26.465133, 27.776589, 29.076079 ] }, { "date": "2025-11-21", "close": 25.511772, "volume": 17594033, "typical_volume": 28409632.9, "trend": 30.901862, "fair_value": 23.460095, "relative_strength": -21.784903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.046753, "energy": 83.6485, "activity_lines": [ 25.557223, 26.184014, 27.47209, 28.708563 ] }, { "date": "2025-11-28", "close": 25.037502, "volume": 20136172, "typical_volume": 28360405.35, "trend": 30.518856, "fair_value": 23.474435, "relative_strength": -24.27894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.798951, "energy": 71.85621, "activity_lines": [ 25.337215, 25.870349, 27.14195, 28.330218 ] }, { "date": "2025-12-05", "close": 23.743141, "volume": 11567642, "typical_volume": 27647952.2, "trend": 30.052391, "fair_value": 23.476856, "relative_strength": -28.405417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.285656, "energy": 70.971779, "activity_lines": [ 24.760845, 25.371827, 26.706163, 27.893075 ] }, { "date": "2025-12-12", "close": 23.950634, "volume": 9818200, "typical_volume": 22527657.0, "trend": 29.465067, "fair_value": 23.481086, "relative_strength": -27.377806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.480966, "energy": 68.529999, "activity_lines": [ 24.419634, 25.007142, 26.308696, 27.499413 ] }, { "date": "2025-12-19", "close": 24.662037, "volume": 11727279, "typical_volume": 18577100.8, "trend": 28.988916, "fair_value": 23.491537, "relative_strength": -25.162754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.366957, "energy": 63.387267, "activity_lines": [ 24.395261, 24.83953, 26.024772, 27.18954 ] }, { "date": "2025-12-26", "close": 24.177887, "volume": 8561443, "typical_volume": 16693881.25, "trend": 28.522564, "fair_value": 23.497558, "relative_strength": -27.853235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.326828, "energy": 65.20916, "activity_lines": [ 24.260885, 24.638684, 25.731488, 26.879151 ] }, { "date": "2026-01-02", "close": 23.940752, "volume": 4538105, "typical_volume": 15245587.05, "trend": 28.136616, "fair_value": 23.501412, "relative_strength": -28.484342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.031229, "energy": 63.916775, "activity_lines": [ 24.136389, 24.445024, 25.451543, 26.58355 ] }, { "date": "2026-01-09", "close": 24.681799, "volume": 11473926, "typical_volume": 14182252.25, "trend": 27.785507, "fair_value": 23.511587, "relative_strength": -28.729456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.900812, "energy": 53.121094, "activity_lines": [ 24.332025, 24.42652, 25.277313, 26.360659 ] }, { "date": "2026-01-16", "close": 24.434784, "volume": 14285629, "typical_volume": 13409183.4, "trend": 27.511529, "fair_value": 23.519478, "relative_strength": -28.83519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.245716, "energy": 48.611115, "activity_lines": [ 24.382746, 24.391309, 25.107521, 26.144483 ] }, { "date": "2026-01-23", "close": 25.403084, "volume": 17296084, "typical_volume": 13398787.45, "trend": 27.324121, "fair_value": 23.535441, "relative_strength": -26.377227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.525837, "energy": 35.431008, "activity_lines": [ 24.723956, 24.545087, 25.052362, 26.008455 ] }, { "date": "2026-01-30", "close": 23.555408, "volume": 17112804, "typical_volume": 13477180.25, "trend": 27.12222, "fair_value": 23.535608, "relative_strength": -31.147413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.043737, "energy": 38.858082, "activity_lines": [ 24.399872, 24.363463, 24.838007, 25.765312 ] }, { "date": "2026-02-06", "close": 23.56529, "volume": 12143939, "typical_volume": 13241988.9, "trend": 26.949758, "fair_value": 23.535856, "relative_strength": -29.795805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.710418, "energy": 44.836055, "activity_lines": [ 24.12058, 24.219206, 24.64797, 25.535832 ] }, { "date": "2026-02-13", "close": 22.95269, "volume": 7307509, "typical_volume": 12331999.3, "trend": 26.793506, "fair_value": 23.531036, "relative_strength": -31.494474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.934282, "energy": 52.09542, "activity_lines": [ 23.662119, 23.990335, 24.419822, 25.277957 ] }, { "date": "2026-02-27", "close": 23.179943, "volume": 5183712, "typical_volume": 12155330.0, "trend": 26.447283, "fair_value": 23.528158, "relative_strength": -31.725637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.655188, "energy": 65.404361, "activity_lines": [ 23.394683, 23.817155, 24.242253, 25.044824 ] }, { "date": "2026-03-06", "close": 22.280807, "volume": 8989680, "typical_volume": 12402938.75, "trend": 26.110663, "fair_value": 23.518017, "relative_strength": -33.251899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.644765, "energy": 81.146133, "activity_lines": [ 22.911191, 23.494507, 24.00046, 24.776019 ] }, { "date": "2026-03-13", "close": 22.112837, "volume": 6161404, "typical_volume": 11892728.55, "trend": 25.790358, "fair_value": 23.506685, "relative_strength": -32.681338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.337857, "energy": 87.444942, "activity_lines": [ 22.579861, 23.184615, 23.768359, 24.518095 ] }, { "date": "2026-03-20", "close": 21.312506, "volume": 7191386, "typical_volume": 11352623.9, "trend": 25.456785, "fair_value": 23.489132, "relative_strength": -32.028254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.143196, "energy": 90.951702, "activity_lines": [ 22.077925, 22.766754, 23.483044, 24.229201 ] }, { "date": "2026-03-27", "close": 20.907402, "volume": 7985111, "typical_volume": 11227257.3, "trend": 25.135219, "fair_value": 23.468642, "relative_strength": -31.878466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.93877, "energy": 91.516296, "activity_lines": [ 21.59114, 22.323025, 23.18225, 23.935693 ] }, { "date": "2026-04-03", "close": 23.851828, "volume": 37096772, "typical_volume": 12414995.95, "trend": 24.958898, "fair_value": 23.471659, "relative_strength": -20.836727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.889794, "energy": 51.303369, "activity_lines": [ 22.222183, 22.483271, 23.187237, 23.852893 ] }, { "date": "2026-04-10", "close": 24.642279, "volume": 33992528, "typical_volume": 13508167.9, "trend": 24.816121, "fair_value": 23.480805, "relative_strength": -19.537066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.726344, "energy": 22.604937, "activity_lines": [ 23.071917, 22.797834, 23.273669, 23.832466 ] }, { "date": "2026-04-17", "close": 24.088961, "volume": 25877057, "typical_volume": 13922319.1, "trend": 24.670272, "fair_value": 23.485519, "relative_strength": -21.768524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.247291, "energy": 19.197065, "activity_lines": [ 23.579781, 23.025627, 23.311169, 23.785553 ] }, { "date": "2026-04-24", "close": 25.897116, "volume": 37915336, "typical_volume": 14811277.3, "trend": 24.606377, "fair_value": 23.50407, "relative_strength": -15.685996, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.01547, "energy": 29.463724, "activity_lines": [ 24.558621, 23.572475, 23.527648, 23.864704 ] }, { "date": "2026-05-01", "close": 25.659981, "volume": 23605945, "typical_volume": 15413192.45, "trend": 24.494068, "fair_value": 23.520527, "relative_strength": -16.194603, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.546384, "energy": 38.259734, "activity_lines": [ 25.152776, 24.03381, 23.71745, 23.932678 ] }, { "date": "2026-05-08", "close": 25.383326, "volume": 17303683, "typical_volume": 15787466.6, "trend": 24.417658, "fair_value": 23.534639, "relative_strength": -17.361222, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.260245, "energy": 47.359635, "activity_lines": [ 25.337874, 24.395621, 23.871777, 23.99005 ] }, { "date": "2026-05-15", "close": 23.832067, "volume": 22430579, "typical_volume": 16322631.6, "trend": 24.289539, "fair_value": 23.536876, "relative_strength": -20.424061, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.190023, "energy": 34.778164, "activity_lines": [ 24.903785, 24.435323, 23.871542, 23.95227 ] }, { "date": "2026-05-22", "close": 22.695793, "volume": 14800797, "typical_volume": 16634599.3, "trend": 24.147917, "fair_value": 23.530599, "relative_strength": -22.396992, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -16.283869, "energy": 10.863285, "activity_lines": [ 24.144953, 24.240226, 23.767042, 23.849447 ] }, { "date": "2026-05-29", "close": 22.110001, "volume": 13914191, "typical_volume": 17103403.6, "trend": 24.012787, "fair_value": 23.520076, "relative_strength": -22.273575, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.550006, "energy": 30.770619, "activity_lines": [ 23.283734, 23.928021, 23.61381, 23.717969 ] }, { "date": "2026-06-05", "close": 22.51, "volume": 4067392, "typical_volume": 16733076.9, "trend": 23.888685, "fair_value": 23.512649, "relative_strength": -18.766237, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.229301, "energy": 36.363925, "activity_lines": [ 22.808323, 23.674044, 23.507392, 23.621015 ] }, { "date": "2026-06-12", "close": 21.6, "volume": 2618485, "typical_volume": 16149719.7, "trend": 23.770479, "fair_value": 23.498688, "relative_strength": -20.989347, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.269999, "energy": 48.106568, "activity_lines": [ 22.239577, 23.225474, 23.324649, 23.473358 ] }, { "date": "2026-06-19", "close": 20.709999, "volume": 8905742, "typical_volume": 15730202.6, "trend": 23.613054, "fair_value": 23.47848, "relative_strength": -24.183439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.035937, "energy": 70.358614, "activity_lines": [ 21.626386, 22.656028, 23.070642, 23.275908 ] }, { "date": "2026-06-26", "close": 18.34, "volume": 2104500, "typical_volume": 14979787.4, "trend": 23.373995, "fair_value": 23.441512, "relative_strength": -30.776192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.437896, "energy": 82.578914, "activity_lines": [ 20.431333, 21.727169, 22.61327, 22.93571 ] }, { "date": "2026-07-03", "close": 19.469999, "volume": 2764535, "typical_volume": 14510817.2, "trend": 23.188412, "fair_value": 23.413145, "relative_strength": -25.888922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.820766, "energy": 82.780722, "activity_lines": [ 19.903333, 21.108291, 22.288351, 22.68384 ] }, { "date": "2026-07-10", "close": 18.67, "volume": 11003700, "typical_volume": 14695626.75, "trend": 23.019307, "fair_value": 23.379505, "relative_strength": -27.25941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.498577, "energy": 87.236992, "activity_lines": [ 19.284666, 20.460815, 21.906744, 22.392329 ] }, { "date": "2026-07-17", "close": 18.91, "volume": 14282079, "typical_volume": 15150545.1, "trend": 22.851286, "fair_value": 23.34803, "relative_strength": -21.035282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.616164, "energy": 83.536513, "activity_lines": [ 19.002, 19.984066, 21.568388, 22.127213 ] }, { "date": "2026-07-24", "close": 18.74, "volume": 14685619, "typical_volume": 15435342.05, "trend": 22.653885, "fair_value": 23.315806, "relative_strength": -22.087267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.203988, "energy": 79.982136, "activity_lines": [ 18.842, 19.594105, 21.234174, 21.861968 ] }, { "date": "2026-07-31", "close": 21.959999, "volume": 32661350, "typical_volume": 16760339.35, "trend": 22.579955, "fair_value": 23.306391, "relative_strength": -8.118694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.042689, "energy": 39.003608, "activity_lines": [ 19.886666, 19.882181, 21.223488, 21.817202 ] }, { "date": "2026-08-07", "close": 20.790001, "volume": 14075366, "typical_volume": 17104538.35, "trend": 22.47493, "fair_value": 23.289036, "relative_strength": -14.385243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.058911, "energy": 27.62903, "activity_lines": [ 20.3, 19.970909, 21.102101, 21.701721 ] } ], "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." } } }