{ "ticker": { "uuid": "e0ed374c-3db8-422e-9aeb-5a04867541f0", "symbol": "688577", "name": "Zhe Jiang Headman Machinery 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -60.326, "architecture_energy": 58.175, "architecture_maturity": 66.0, "architecture_confidence": 87.202, "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": 18.88, "rotation_up": 13.91, "upward_expansion": 10.4, "deceleration": 43.81, "rotation_down": 63.44, "downward_expansion": 81.4 }, "activity_lines": [ 41.658667, 44.397161, 47.982927, 52.048574 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 42.299999, "trend_reference": 59.417008, "distance_from_trend": -0.288083, "trend_direction": "Weakening", "fair_value": 47.812077, "distance_from_fair_value": -0.115286, "fair_value_direction": "Weakening", "relative_strength": -46.909968, "relative_strength_direction": "Weakening", "price_momentum": -0.440106, "excess_performance": -0.396902, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.288083, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.256074, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.115286, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.357905, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.4691, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.129051, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.440106, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.53783, "read": "Supply-led" } ], "volume": { "latest": 7344027, "relative_activity": 0.843862, "balance": 0.53783, "dry_up": 0.758401, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.193028, "annualized_volatility": 0.803406, "from_high_reference": -0.697706, "from_low_reference": 0.174348 }, "levels": { "trend_reference": 59.417008, "fair_value_reference": 47.812077, "structural_low": 36.02, "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": 20, "median_return": 0.004979, "positive_rate": 0.55, "directional_follow_through": 0.45, "median_excess_return": -0.011858, "regime_survival": 0.8, "best_return": 0.289746, "worst_return": -0.215932, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.074889, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.04615, "regime_survival": 0.571429, "best_return": 0.843254, "worst_return": -0.288211, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.002755, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.009321, "regime_survival": 0.0, "best_return": 0.583208, "worst_return": -0.088015, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.398341, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.448526, "regime_survival": 0.0, "best_return": 0.672796, "worst_return": 0.230437, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-14", "end": "2023-08-04", "tenure": "New", "return": -0.102564, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-08-11", "end": "2023-10-20", "tenure": "Developing", "return": 0.06369, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-27", "end": "2023-11-10", "tenure": "New", "return": 0.203604, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-17", "end": "2024-01-26", "tenure": "Developing", "return": 0.077265, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-05-10", "tenure": "Established", "return": 0.223077, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-17", "end": "2024-06-21", "tenure": "Developing", "return": -0.137282, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-11-29", "tenure": "Established", "return": -0.006012, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": -0.039566, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.014929, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.170606, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-11-21", "tenure": "Extended", "return": 2.481864, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-16", "tenure": "Developing", "return": -0.205219, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-23", "end": "2026-02-27", "tenure": "Developing", "return": -0.148985, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-08-07", "tenure": "Established", "return": -0.38571, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 20.796415, "volume": 1994108, "typical_volume": 3656727.9, "trend": 22.686221, "fair_value": 23.179817, "relative_strength": -9.81028, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.486615, "energy": 25.36307, "activity_lines": [ 21.943792, 22.067549, 22.128947, 22.439146 ] }, { "date": "2023-08-04", "close": 20.771479, "volume": 2589171, "typical_volume": 3574483.7, "trend": 22.665891, "fair_value": 23.163544, "relative_strength": -10.282083, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.565558, "energy": 47.833038, "activity_lines": [ 21.397533, 21.840616, 21.96805, 22.315614 ] }, { "date": "2023-08-11", "close": 20.43734, "volume": 1708587, "typical_volume": 3371570.55, "trend": 22.599274, "fair_value": 23.145248, "relative_strength": -8.824551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.397043, "energy": 63.525057, "activity_lines": [ 20.937052, 21.581392, 21.782736, 22.171837 ] }, { "date": "2023-08-18", "close": 20.547058, "volume": 2200760, "typical_volume": 3331874.55, "trend": 22.562881, "fair_value": 23.127926, "relative_strength": -6.554668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.166393, "energy": 67.11705, "activity_lines": [ 20.667747, 21.365222, 21.62696, 22.039436 ] }, { "date": "2023-08-25", "close": 19.185566, "volume": 2556706, "typical_volume": 3200810.2, "trend": 22.441337, "fair_value": 23.101818, "relative_strength": -10.403749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.419148, "energy": 74.529666, "activity_lines": [ 20.11783, 20.895795, 21.357066, 21.821544 ] }, { "date": "2023-09-01", "close": 20.911119, "volume": 3469861, "typical_volume": 2943941.65, "trend": 22.334571, "fair_value": 23.087405, "relative_strength": -4.208122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.215039, "energy": 51.544558, "activity_lines": [ 20.305679, 20.781907, 21.277549, 21.722821 ] }, { "date": "2023-09-08", "close": 20.995901, "volume": 2081272, "typical_volume": 2807383.55, "trend": 22.243998, "fair_value": 23.073736, "relative_strength": -3.22372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.51183, "energy": 35.82669, "activity_lines": [ 20.514142, 20.710183, 21.225578, 21.636455 ] }, { "date": "2023-09-15", "close": 20.292713, "volume": 1830216, "typical_volume": 2705967.55, "trend": 22.154903, "fair_value": 23.055677, "relative_strength": -6.478047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.08414, "energy": 35.601182, "activity_lines": [ 20.473248, 20.560296, 21.120354, 21.510566 ] }, { "date": "2023-09-22", "close": 20.946028, "volume": 2777844, "typical_volume": 2800301.35, "trend": 22.019762, "fair_value": 23.042066, "relative_strength": -4.018979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.064735, "energy": 20.903956, "activity_lines": [ 20.659767, 20.573988, 21.083595, 21.432574 ] }, { "date": "2023-09-29", "close": 21.035799, "volume": 3583070, "typical_volume": 2837099.1, "trend": 21.919628, "fair_value": 23.029206, "relative_strength": -3.075866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.588096, "energy": 17.759496, "activity_lines": [ 20.849611, 20.643989, 21.054041, 21.369092 ] }, { "date": "2023-10-13", "close": 24.486906, "volume": 9483604, "typical_volume": 3114418.5, "trend": 21.960933, "fair_value": 23.002794, "relative_strength": 13.153592, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 22.729335, "energy": 20.992751, "activity_lines": [ 22.066476, 21.352165, 21.353254, 21.534723 ] }, { "date": "2023-10-20", "close": 21.738987, "volume": 11531405, "typical_volume": 3553706.5, "trend": 21.941334, "fair_value": 22.983269, "relative_strength": 3.66258, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 8.277548, "energy": 16.672222, "activity_lines": [ 22.128982, 21.493619, 21.376938, 21.520404 ] }, { "date": "2023-10-27", "close": 21.310091, "volume": 7317579, "typical_volume": 3773368.4, "trend": 21.836812, "fair_value": 22.970969, "relative_strength": 0.247095, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.636793, "energy": 14.182468, "activity_lines": [ 21.998983, 21.5395, 21.362623, 21.479679 ] }, { "date": "2023-11-03", "close": 22.322481, "volume": 5010338, "typical_volume": 3937781.1, "trend": 21.787157, "fair_value": 22.958207, "relative_strength": 4.581379, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.545593, "energy": 17.727856, "activity_lines": [ 22.138623, 21.753585, 21.44662, 21.511012 ] }, { "date": "2023-11-10", "close": 25.648911, "volume": 18927072, "typical_volume": 4724671.3, "trend": 21.820331, "fair_value": 22.966051, "relative_strength": 19.731496, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.8081, "energy": 39.713975, "activity_lines": [ 23.295309, 22.540194, 21.83747, 21.760157 ] }, { "date": "2023-11-17", "close": 30.271999, "volume": 13103415, "typical_volume": 5264752.7, "trend": 21.996056, "fair_value": 23.005526, "relative_strength": 40.354457, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.062911, "energy": 77.758763, "activity_lines": [ 25.685483, 24.04985, 22.648785, 22.305426 ] }, { "date": "2023-11-24", "close": 30.79565, "volume": 12360264, "typical_volume": 5585167.85, "trend": 22.226696, "fair_value": 23.050228, "relative_strength": 42.427203, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.076374, "energy": 85.627586, "activity_lines": [ 27.864535, 25.484517, 23.472401, 22.873142 ] }, { "date": "2023-12-01", "close": 35.363876, "volume": 8400490, "typical_volume": 5841163.75, "trend": 22.685353, "fair_value": 23.121127, "relative_strength": 62.368267, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.552817, "energy": 93.814488, "activity_lines": [ 30.962552, 27.571593, 24.697434, 23.720702 ] }, { "date": "2023-12-08", "close": 33.658276, "volume": 7944451, "typical_volume": 6089523.1, "trend": 23.11851, "fair_value": 23.171991, "relative_strength": 56.233583, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.021723, "energy": 91.060829, "activity_lines": [ 32.555116, 29.074539, 25.699994, 24.428633 ] }, { "date": "2023-12-15", "close": 42.640129, "volume": 10926944, "typical_volume": 6489857.85, "trend": 23.838026, "fair_value": 23.27108, "relative_strength": 96.079722, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.120121, "energy": 97.430249, "activity_lines": [ 36.385912, 31.979417, 27.507907, 25.688092 ] }, { "date": "2023-12-22", "close": 45.178589, "volume": 6438066, "typical_volume": 6712055.75, "trend": 24.6245, "fair_value": 23.390805, "relative_strength": 105.182693, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.050998, "energy": 96.439841, "activity_lines": [ 39.930113, 34.953028, 29.457502, 27.064903 ] }, { "date": "2023-12-29", "close": 46.978954, "volume": 5452557, "typical_volume": 6855225.05, "trend": 25.445903, "fair_value": 23.527058, "relative_strength": 104.320284, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.413832, "energy": 94.523255, "activity_lines": [ 43.080663, 37.877765, 31.462456, 28.507125 ] }, { "date": "2024-01-05", "close": 41.2537, "volume": 4925963, "typical_volume": 7016093.85, "trend": 26.097422, "fair_value": 23.638144, "relative_strength": 78.898195, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.108879, "energy": 80.612668, "activity_lines": [ 43.243908, 39.302639, 32.797349, 29.526983 ] }, { "date": "2024-01-12", "close": 38.760124, "volume": 6277164, "typical_volume": 7219914.05, "trend": 26.714998, "fair_value": 23.735895, "relative_strength": 68.156228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.940536, "energy": 65.72104, "activity_lines": [ 42.183306, 39.911524, 33.795634, 30.343932 ] }, { "date": "2024-01-19", "close": 36.156834, "volume": 4863873, "typical_volume": 7335272.4, "trend": 27.204071, "fair_value": 23.823816, "relative_strength": 57.471295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.50456, "energy": 54.436553, "activity_lines": [ 39.914818, 39.748217, 34.459257, 30.953082 ] }, { "date": "2024-01-26", "close": 32.61097, "volume": 6219071, "typical_volume": 7472732.9, "trend": 27.545025, "fair_value": 23.897547, "relative_strength": 36.78573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.855232, "energy": 28.373216, "activity_lines": [ 36.896594, 38.749155, 34.704363, 31.301915 ] }, { "date": "2024-02-02", "close": 27.229837, "volume": 5829873, "typical_volume": 7660162.95, "trend": 27.661725, "fair_value": 23.946947, "relative_strength": 20.902032, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.655959, "energy": 24.365273, "activity_lines": [ 32.922501, 36.729178, 34.381267, 31.28158 ] }, { "date": "2024-02-09", "close": 25.9631, "volume": 10227878, "typical_volume": 8080046.05, "trend": 27.768616, "fair_value": 23.979809, "relative_strength": 9.391337, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.338323, "energy": 24.542995, "activity_lines": [ 29.84277, 34.543718, 33.907844, 31.171991 ] }, { "date": "2024-02-23", "close": 36.381256, "volume": 13374685, "typical_volume": 8609888.1, "trend": 28.209812, "fair_value": 24.078988, "relative_strength": 44.573769, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.623057, "energy": 27.311765, "activity_lines": [ 31.255131, 34.423392, 34.399624, 31.727645 ] }, { "date": "2024-03-01", "close": 35.658119, "volume": 12557606, "typical_volume": 9058614.9, "trend": 28.677607, "fair_value": 24.18444, "relative_strength": 39.175523, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.813457, "energy": 17.503173, "activity_lines": [ 32.585038, 34.122077, 34.749033, 32.208181 ] }, { "date": "2024-03-08", "close": 37.154266, "volume": 7483923, "typical_volume": 8958630.85, "trend": 29.222869, "fair_value": 24.296585, "relative_strength": 42.637405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.793722, "energy": 17.352609, "activity_lines": [ 34.446907, 34.219735, 35.171303, 32.755063 ] }, { "date": "2024-03-15", "close": 37.493393, "volume": 4532116, "typical_volume": 8608666.4, "trend": 29.780266, "fair_value": 24.409313, "relative_strength": 41.92105, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.654805, "energy": 28.441863, "activity_lines": [ 36.118933, 34.524949, 35.565549, 33.288645 ] }, { "date": "2024-03-22", "close": 35.523468, "volume": 7202863, "typical_volume": 8602930.6, "trend": 30.283137, "fair_value": 24.504364, "relative_strength": 33.433225, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.799842, "energy": 26.220873, "activity_lines": [ 36.45008, 34.644459, 35.697162, 33.659174 ] }, { "date": "2024-03-29", "close": 33.96249, "volume": 4759030, "typical_volume": 8590365.2, "trend": 30.730318, "fair_value": 24.589035, "relative_strength": 26.659095, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.619872, "energy": 22.066565, "activity_lines": [ 35.623543, 34.584342, 35.612428, 33.896552 ] }, { "date": "2024-04-05", "close": 33.513645, "volume": 2346053, "typical_volume": 7761314.25, "trend": 31.20792, "fair_value": 24.668366, "relative_strength": 22.919286, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.578712, "energy": 14.516459, "activity_lines": [ 34.808643, 34.529846, 35.429519, 34.076121 ] }, { "date": "2024-04-12", "close": 31.119814, "volume": 5508914, "typical_volume": 7381589.2, "trend": 31.54821, "fair_value": 24.739522, "relative_strength": 15.266371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.711523, "energy": 7.868323, "activity_lines": [ 33.338763, 34.088166, 34.981174, 34.070437 ] }, { "date": "2024-04-19", "close": 29.349377, "volume": 5385029, "typical_volume": 7032827.45, "trend": 31.826659, "fair_value": 24.799234, "relative_strength": 6.588363, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.875774, "energy": 19.355993, "activity_lines": [ 31.681035, 33.3517, 34.360179, 33.928577 ] }, { "date": "2024-04-26", "close": 30.905367, "volume": 3442891, "typical_volume": 6784947.5, "trend": 32.180415, "fair_value": 24.870356, "relative_strength": 10.792859, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.795823, "energy": 26.440218, "activity_lines": [ 31.084904, 32.859604, 33.89426, 33.869138 ] }, { "date": "2024-05-03", "close": 33.678223, "volume": 1764832, "typical_volume": 6475966.55, "trend": 32.604821, "fair_value": 24.960031, "relative_strength": 19.186452, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.720436, "energy": 25.728717, "activity_lines": [ 31.720932, 32.781805, 33.713654, 33.965771 ] }, { "date": "2024-05-10", "close": 33.304184, "volume": 4650805, "typical_volume": 6162159.6, "trend": 33.013767, "fair_value": 25.0479, "relative_strength": 15.019043, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.62026, "energy": 16.60564, "activity_lines": [ 32.251232, 32.685144, 33.497331, 34.010891 ] }, { "date": "2024-05-17", "close": 34.610817, "volume": 3013163, "typical_volume": 5990914.45, "trend": 33.351231, "fair_value": 25.14586, "relative_strength": 18.366814, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.639281, "energy": 3.4041, "activity_lines": [ 33.23104, 32.868853, 33.449905, 34.113927 ] }, { "date": "2024-05-24", "close": 34.27668, "volume": 3947610, "typical_volume": 5915667.1, "trend": 33.769154, "fair_value": 25.230924, "relative_strength": 18.550111, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.30041, "energy": 6.821195, "activity_lines": [ 33.866736, 33.038053, 33.42098, 34.173633 ] }, { "date": "2024-05-31", "close": 35.40876, "volume": 4237501, "typical_volume": 5881244.0, "trend": 34.23911, "fair_value": 25.314735, "relative_strength": 21.32645, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.819168, "energy": 12.270559, "activity_lines": [ 34.551304, 33.471572, 33.560358, 34.279414 ] }, { "date": "2024-06-07", "close": 31.234518, "volume": 5951629, "typical_volume": 5864967.25, "trend": 34.536178, "fair_value": 25.38354, "relative_strength": 7.551675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.824292, "energy": 17.041707, "activity_lines": [ 33.544233, 33.148223, 33.330023, 34.08557 ] }, { "date": "2024-06-14", "close": 30.736767, "volume": 3952055, "typical_volume": 5819376.35, "trend": 34.705773, "fair_value": 25.445008, "relative_strength": 5.758801, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.140817, "energy": 25.872826, "activity_lines": [ 32.534158, 32.783974, 33.08812, 33.840446 ] }, { "date": "2024-06-21", "close": 29.859383, "volume": 2236456, "typical_volume": 5620245.6, "trend": 34.692019, "fair_value": 25.498888, "relative_strength": 3.156493, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.328132, "energy": 42.82239, "activity_lines": [ 31.402782, 32.310689, 32.788465, 33.527776 ] }, { "date": "2024-06-28", "close": 28.246126, "volume": 2945247, "typical_volume": 5476014.3, "trend": 34.607035, "fair_value": 25.538188, "relative_strength": -1.983158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.033883, "energy": 56.466784, "activity_lines": [ 30.050417, 31.567001, 32.34827, 33.111912 ] }, { "date": "2024-07-05", "close": 25.621048, "volume": 2625675, "typical_volume": 5095904.15, "trend": 34.282274, "fair_value": 25.554177, "relative_strength": -10.86355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.539951, "energy": 69.506015, "activity_lines": [ 28.225063, 30.366086, 31.653229, 32.532171 ] }, { "date": "2024-07-12", "close": 23.512495, "volume": 4956201, "typical_volume": 4674979.95, "trend": 33.944081, "fair_value": 25.558117, "relative_strength": -18.867869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.841369, "energy": 78.609925, "activity_lines": [ 26.349372, 28.877876, 30.759001, 31.837347 ] }, { "date": "2024-07-19", "close": 23.208241, "volume": 3693216, "typical_volume": 4231760.45, "trend": 33.296352, "fair_value": 25.557555, "relative_strength": -20.317657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.417945, "energy": 81.389831, "activity_lines": [ 24.887064, 27.519178, 29.897077, 31.144712 ] }, { "date": "2024-07-26", "close": 22.146887, "volume": 4497526, "typical_volume": 4082440.6, "trend": 32.528628, "fair_value": 25.554819, "relative_strength": -21.636324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.893915, "energy": 83.306664, "activity_lines": [ 23.572874, 26.15107, 28.993356, 30.425391 ] }, { "date": "2024-08-02", "close": 22.543125, "volume": 4767728, "typical_volume": 4094221.2, "trend": 31.7141, "fair_value": 25.544041, "relative_strength": -20.776139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.659451, "energy": 80.193095, "activity_lines": [ 22.904929, 25.081621, 28.198836, 29.781165 ] }, { "date": "2024-08-09", "close": 20.788357, "volume": 3925961, "typical_volume": 3930376.1, "trend": 31.031922, "fair_value": 25.519494, "relative_strength": -25.974697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.725784, "energy": 82.433236, "activity_lines": [ 22.032262, 23.906462, 27.308387, 29.076279 ] }, { "date": "2024-08-16", "close": 21.524227, "volume": 2537150, "typical_volume": 3819282.1, "trend": 30.457392, "fair_value": 25.503759, "relative_strength": -23.985649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.627286, "energy": 74.146206, "activity_lines": [ 21.727064, 23.130922, 26.558188, 28.462879 ] }, { "date": "2024-08-23", "close": 19.649172, "volume": 2882494, "typical_volume": 3846104.15, "trend": 29.907137, "fair_value": 25.471847, "relative_strength": -30.063318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.033729, "energy": 75.521287, "activity_lines": [ 20.929398, 22.191014, 25.688643, 27.765574 ] }, { "date": "2024-08-30", "close": 20.958174, "volume": 4115628, "typical_volume": 3776439.85, "trend": 29.518711, "fair_value": 25.445994, "relative_strength": -25.20411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.567364, "energy": 68.988862, "activity_lines": [ 20.805339, 21.690699, 25.009785, 27.188222 ] }, { "date": "2024-09-06", "close": 19.925123, "volume": 4223160, "typical_volume": 3718346.4, "trend": 29.27522, "fair_value": 25.403504, "relative_strength": -27.06056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.880692, "energy": 72.816971, "activity_lines": [ 20.416176, 21.164397, 24.28093, 26.569281 ] }, { "date": "2024-09-13", "close": 19.451052, "volume": 2663454, "typical_volume": 3679374.55, "trend": 29.058152, "fair_value": 25.34843, "relative_strength": -27.244414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.210161, "energy": 75.829655, "activity_lines": [ 20.043523, 20.703191, 23.551804, 25.935464 ] }, { "date": "2024-09-20", "close": 19.804836, "volume": 1524221, "typical_volume": 3667344.0, "trend": 28.505604, "fair_value": 25.29553, "relative_strength": -26.877963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.751645, "energy": 65.463407, "activity_lines": [ 19.877952, 20.418491, 22.910915, 25.338475 ] }, { "date": "2024-09-27", "close": 23.972416, "volume": 6364404, "typical_volume": 3753023.95, "trend": 28.116081, "fair_value": 25.219357, "relative_strength": -21.735499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.688869, "energy": 47.173642, "activity_lines": [ 21.2162, 20.958945, 22.733002, 25.046012 ] }, { "date": "2024-10-04", "close": 27.135244, "volume": 3630138, "typical_volume": 3783872.7, "trend": 27.782114, "fair_value": 25.178547, "relative_strength": -18.249318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.170063, "energy": 19.510798, "activity_lines": [ 23.320508, 22.060565, 22.900748, 24.982732 ] }, { "date": "2024-10-11", "close": 23.491266, "volume": 11942092, "typical_volume": 4183596.8, "trend": 27.315376, "fair_value": 25.136804, "relative_strength": -26.691726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.354464, "energy": 25.778828, "activity_lines": [ 23.798352, 22.408945, 22.757047, 24.705903 ] }, { "date": "2024-10-18", "close": 25.543215, "volume": 5874654, "typical_volume": 4265454.45, "trend": 26.982701, "fair_value": 25.120027, "relative_strength": -21.344496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.171458, "energy": 21.438568, "activity_lines": [ 24.722436, 23.113169, 22.860128, 24.59157 ] }, { "date": "2024-10-25", "close": 26.455978, "volume": 7508355, "typical_volume": 4343290.75, "trend": 26.732484, "fair_value": 25.122677, "relative_strength": -19.588784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.544326, "energy": 24.340918, "activity_lines": [ 25.54463, 23.896897, 23.097118, 24.557588 ] }, { "date": "2024-11-01", "close": 23.066727, "volume": 7128041, "typical_volume": 4502090.05, "trend": 26.384253, "fair_value": 25.106813, "relative_strength": -29.29535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.664278, "energy": 14.240232, "activity_lines": [ 24.793665, 23.974729, 23.034077, 24.321087 ] }, { "date": "2024-11-08", "close": 27.276758, "volume": 14224572, "typical_volume": 5101495.85, "trend": 26.256151, "fair_value": 25.117149, "relative_strength": -20.838662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.561206, "energy": 17.868541, "activity_lines": [ 25.506422, 24.755885, 23.408516, 24.378668 ] }, { "date": "2024-11-15", "close": 25.840395, "volume": 8727054, "typical_volume": 5390586.2, "trend": 26.139185, "fair_value": 25.11412, "relative_strength": -22.167734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.577406, "energy": 13.193668, "activity_lines": [ 25.730957, 25.161, 23.658456, 24.351845 ] }, { "date": "2024-11-22", "close": 24.021944, "volume": 5224011, "typical_volume": 5520503.0, "trend": 25.909738, "fair_value": 25.093671, "relative_strength": -25.872044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.744449, "energy": 8.165749, "activity_lines": [ 25.192734, 25.127937, 23.746666, 24.215249 ] }, { "date": "2024-11-29", "close": 28.076311, "volume": 8822205, "typical_volume": 5713803.2, "trend": 25.723008, "fair_value": 25.109794, "relative_strength": -14.625283, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 28.651303, "energy": 22.901442, "activity_lines": [ 26.107384, 25.748925, 24.228621, 24.355028 ] }, { "date": "2024-12-06", "close": 29.328705, "volume": 12779139, "typical_volume": 6168099.35, "trend": 25.590492, "fair_value": 25.124243, "relative_strength": -12.33055, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.364943, "energy": 33.606586, "activity_lines": [ 27.331477, 26.447231, 24.808119, 24.587654 ] }, { "date": "2024-12-13", "close": 31.359426, "volume": 16110790, "typical_volume": 6748762.55, "trend": 25.482112, "fair_value": 25.121158, "relative_strength": -5.537059, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.424765, "energy": 47.041213, "activity_lines": [ 28.815011, 27.417371, 25.551875, 24.959843 ] }, { "date": "2024-12-20", "close": 29.187193, "volume": 7173124, "typical_volume": 6869032.35, "trend": 25.312462, "fair_value": 25.098824, "relative_strength": -10.433793, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.190391, "energy": 49.650291, "activity_lines": [ 29.30229, 27.915756, 26.044881, 25.198881 ] }, { "date": "2024-12-27", "close": 28.168295, "volume": 6829946, "typical_volume": 7014231.6, "trend": 25.071113, "fair_value": 25.081109, "relative_strength": -13.130003, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 56.069263, "energy": 54.678963, "activity_lines": [ 29.226816, 28.125325, 26.409212, 25.383128 ] }, { "date": "2025-01-03", "close": 27.963099, "volume": 3166344, "typical_volume": 7045691.3, "trend": 24.962066, "fair_value": 25.070237, "relative_strength": -7.372058, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.886937, "energy": 39.437446, "activity_lines": [ 28.806521, 28.249857, 26.718857, 25.569708 ] }, { "date": "2025-01-10", "close": 27.545633, "volume": 6373683, "typical_volume": 7220250.75, "trend": 24.855695, "fair_value": 25.058862, "relative_strength": -6.488188, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.24342, "energy": 25.115312, "activity_lines": [ 28.254617, 28.271084, 26.958083, 25.736389 ] }, { "date": "2025-01-17", "close": 28.741423, "volume": 9831602, "typical_volume": 7506049.45, "trend": 24.81843, "fair_value": 25.060413, "relative_strength": -3.722001, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.241015, "energy": 22.54744, "activity_lines": [ 28.220182, 28.428293, 27.273591, 25.987081 ] }, { "date": "2025-01-24", "close": 33.644875, "volume": 17411492, "typical_volume": 8165466.05, "trend": 24.998388, "fair_value": 25.106751, "relative_strength": 12.900255, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.01444, "energy": 40.319272, "activity_lines": [ 29.994764, 29.450408, 28.019031, 26.55653 ] }, { "date": "2025-01-31", "close": 31.345276, "volume": 3134934, "typical_volume": 8189040.05, "trend": 25.189196, "fair_value": 25.134632, "relative_strength": 5.595509, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.779923, "energy": 46.004882, "activity_lines": [ 30.705634, 29.912514, 28.48013, 26.966006 ] }, { "date": "2025-02-07", "close": 31.982086, "volume": 8014513, "typical_volume": 8513554.65, "trend": 25.471515, "fair_value": 25.17302, "relative_strength": 6.075616, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.57501, "energy": 60.204451, "activity_lines": [ 31.416976, 30.357253, 28.945238, 27.404257 ] }, { "date": "2025-02-14", "close": 32.590599, "volume": 13845397, "typical_volume": 8887604.3, "trend": 25.784261, "fair_value": 25.219215, "relative_strength": 6.550812, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.191201, "energy": 63.463325, "activity_lines": [ 32.063223, 30.841616, 29.410312, 27.863553 ] }, { "date": "2025-02-21", "close": 40.812542, "volume": 26759474, "typical_volume": 10044071.1, "trend": 26.406449, "fair_value": 25.309484, "relative_strength": 32.160666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.391773, "energy": 77.521254, "activity_lines": [ 35.113786, 32.761571, 30.617391, 28.833119 ] }, { "date": "2025-02-28", "close": 35.732197, "volume": 19593620, "typical_volume": 10426647.5, "trend": 26.846085, "fair_value": 25.377833, "relative_strength": 17.991006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.189467, "energy": 64.771671, "activity_lines": [ 35.66616, 33.585952, 31.275496, 29.434781 ] }, { "date": "2025-03-07", "close": 39.680428, "volume": 11208924, "typical_volume": 10693361.0, "trend": 27.475821, "fair_value": 25.469129, "relative_strength": 29.139419, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.997895, "energy": 71.957742, "activity_lines": [ 37.395456, 35.009193, 32.251334, 30.262803 ] }, { "date": "2025-03-14", "close": 40.472908, "volume": 10522355, "typical_volume": 10844061.0, "trend": 28.107443, "fair_value": 25.564245, "relative_strength": 30.027881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.999813, "energy": 78.515409, "activity_lines": [ 38.833235, 36.36721, 33.235326, 31.101324 ] }, { "date": "2025-03-21", "close": 40.564892, "volume": 10555047, "typical_volume": 11015411.3, "trend": 28.804634, "fair_value": 25.660423, "relative_strength": 32.331076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.016607, "energy": 67.338635, "activity_lines": [ 39.735621, 37.5145, 34.16133, 31.905031 ] }, { "date": "2025-03-28", "close": 41.28661, "volume": 19255691, "typical_volume": 11266967.25, "trend": 29.482248, "fair_value": 25.77578, "relative_strength": 34.90095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.042266, "energy": 65.455843, "activity_lines": [ 40.34696, 38.556297, 35.072746, 32.71032 ] }, { "date": "2025-04-04", "close": 40.472908, "volume": 11203990, "typical_volume": 11390814.05, "trend": 30.167175, "fair_value": 25.898393, "relative_strength": 32.278337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.767511, "energy": 50.784032, "activity_lines": [ 40.65546, 39.222055, 35.839952, 33.419394 ] }, { "date": "2025-04-11", "close": 38.76059, "volume": 12374313, "typical_volume": 11748329.15, "trend": 30.810826, "fair_value": 26.010944, "relative_strength": 30.286726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.267261, "energy": 42.400891, "activity_lines": [ 40.07714, 39.452336, 36.374402, 33.973808 ] }, { "date": "2025-04-18", "close": 39.800716, "volume": 7091042, "typical_volume": 11661771.0, "trend": 31.477355, "fair_value": 26.131171, "relative_strength": 31.503038, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.250568, "energy": 38.016313, "activity_lines": [ 39.906852, 39.736907, 36.937727, 34.553801 ] }, { "date": "2025-04-25", "close": 40.812542, "volume": 7103822, "typical_volume": 11378005.15, "trend": 32.038693, "fair_value": 26.262545, "relative_strength": 33.434869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.803483, "energy": 37.542801, "activity_lines": [ 40.118651, 40.063289, 37.541586, 35.156071 ] }, { "date": "2025-05-02", "close": 42.652214, "volume": 4809741, "typical_volume": 10812952.7, "trend": 32.555925, "fair_value": 26.415193, "relative_strength": 39.506843, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.302846, "energy": 39.402619, "activity_lines": [ 40.927165, 40.574668, 38.265968, 35.840815 ] }, { "date": "2025-05-09", "close": 46.904701, "volume": 9433908, "typical_volume": 10925991.9, "trend": 33.336373, "fair_value": 26.587194, "relative_strength": 49.453394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.578204, "energy": 51.693012, "activity_lines": [ 43.062134, 41.825777, 39.341572, 36.766542 ] }, { "date": "2025-05-16", "close": 45.609856, "volume": 7311784, "typical_volume": 10950083.8, "trend": 34.005261, "fair_value": 26.759935, "relative_strength": 43.47341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.469131, "energy": 59.325431, "activity_lines": [ 44.336702, 42.638323, 40.209489, 37.55838 ] }, { "date": "2025-05-23", "close": 44.449444, "volume": 5431755, "typical_volume": 11063354.35, "trend": 34.605043, "fair_value": 26.937112, "relative_strength": 39.999125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.209107, "energy": 63.603896, "activity_lines": [ 44.767848, 43.132078, 40.883836, 38.232198 ] }, { "date": "2025-05-30", "close": 42.093239, "volume": 5188606, "typical_volume": 11004100.5, "trend": 35.23926, "fair_value": 27.097075, "relative_strength": 32.316858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.069734, "energy": 56.744857, "activity_lines": [ 44.103677, 43.125131, 41.255276, 38.715307 ] }, { "date": "2025-06-06", "close": 45.142857, "volume": 3561777, "typical_volume": 10690609.25, "trend": 35.834797, "fair_value": 27.274823, "relative_strength": 39.441456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.40734, "energy": 44.97678, "activity_lines": [ 44.370666, 43.644872, 41.847881, 39.354249 ] }, { "date": "2025-06-13", "close": 43.73, "volume": 5701811, "typical_volume": 10105125.2, "trend": 36.431117, "fair_value": 27.440963, "relative_strength": 34.649785, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.604299, "energy": 35.390326, "activity_lines": [ 44.000659, 43.837616, 42.227826, 39.863617 ] }, { "date": "2025-06-20", "close": 42.650002, "volume": 4359089, "typical_volume": 10166332.95, "trend": 37.052052, "fair_value": 27.605188, "relative_strength": 31.274928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.273666, "energy": 26.2098, "activity_lines": [ 43.4823, 43.774777, 42.45689, 40.264836 ] }, { "date": "2025-06-27", "close": 47.25, "volume": 8618936, "typical_volume": 10196554.1, "trend": 37.691175, "fair_value": 27.783938, "relative_strength": 41.496831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.927941, "energy": 39.625025, "activity_lines": [ 44.694597, 44.477585, 43.070217, 40.922768 ] }, { "date": "2025-07-04", "close": 46.150002, "volume": 7763837, "typical_volume": 9892476.1, "trend": 38.251885, "fair_value": 27.952771, "relative_strength": 35.061967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.65192, "energy": 37.22573, "activity_lines": [ 45.353525, 44.844952, 43.506078, 41.468498 ] }, { "date": "2025-07-11", "close": 44.0, "volume": 4687946, "typical_volume": 8788899.7, "trend": 38.673238, "fair_value": 28.11236, "relative_strength": 26.240783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.674271, "energy": 34.662264, "activity_lines": [ 45.025334, 44.724364, 43.672608, 41.839345 ] }, { "date": "2025-07-18", "close": 46.84, "volume": 4689287, "typical_volume": 8043683.05, "trend": 39.261664, "fair_value": 28.286314, "relative_strength": 32.065699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.160548, "energy": 39.973005, "activity_lines": [ 45.720001, 45.095635, 44.094436, 42.366232 ] }, { "date": "2025-07-25", "close": 52.720001, "volume": 7445241, "typical_volume": 7855498.9, "trend": 40.080055, "fair_value": 28.495866, "relative_strength": 44.259019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.862736, "energy": 59.639212, "activity_lines": [ 48.167334, 46.537173, 45.02337, 43.234512 ] }, { "date": "2025-08-01", "close": 50.91, "volume": 9754365, "typical_volume": 7817099.4, "trend": 40.844951, "fair_value": 28.696671, "relative_strength": 38.906802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.35599, "energy": 59.856964, "activity_lines": [ 49.34, 47.520345, 45.71783, 43.933218 ] }, { "date": "2025-08-08", "close": 69.800003, "volume": 12743022, "typical_volume": 7926498.15, "trend": 42.25343, "fair_value": 29.022882, "relative_strength": 82.440746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.026594, "energy": 91.997018, "activity_lines": [ 56.565335, 51.820598, 48.161637, 45.801286 ] }, { "date": "2025-08-15", "close": 66.129997, "volume": 14144790, "typical_volume": 7670953.1, "trend": 43.499716, "fair_value": 29.317, "relative_strength": 66.7924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.815506, "energy": 93.784255, "activity_lines": [ 60.990667, 54.949818, 50.116705, 47.34171 ] }, { "date": "2025-08-22", "close": 94.709999, "volume": 20086640, "typical_volume": 8115085.6, "trend": 45.53522, "fair_value": 29.776646, "relative_strength": 123.65551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.64722, "energy": 98.890503, "activity_lines": [ 73.467333, 62.893818, 54.675376, 50.645599 ] }, { "date": "2025-08-29", "close": 119.699997, "volume": 25237783, "typical_volume": 8758259.1, "trend": 48.480378, "fair_value": 30.39988, "relative_strength": 169.247229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 99.251609, "energy": 99.575857, "activity_lines": [ 91.082665, 74.454545, 61.355775, 55.430423 ] }, { "date": "2025-09-05", "close": 111.300003, "volume": 17586303, "typical_volume": 9283022.15, "trend": 51.124308, "fair_value": 30.946737, "relative_strength": 144.3675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.549756, "energy": 95.424887, "activity_lines": [ 101.432666, 83.087091, 66.850749, 59.483302 ] }, { "date": "2025-09-12", "close": 134.520004, "volume": 18406168, "typical_volume": 9848139.45, "trend": 54.521955, "fair_value": 31.646407, "relative_strength": 178.558022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.920003, "energy": 97.596469, "activity_lines": [ 115.496668, 94.77691, 74.216678, 64.86367 ] }, { "date": "2025-09-19", "close": 107.0, "volume": 16959082, "typical_volume": 10455606.5, "trend": 56.728204, "fair_value": 32.185882, "relative_strength": 117.535113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.29624, "energy": 74.072454, "activity_lines": [ 116.072668, 99.856364, 78.515429, 68.24935 ] }, { "date": "2025-09-26", "close": 107.699997, "volume": 20381973, "typical_volume": 11003009.75, "trend": 59.12713, "fair_value": 32.741936, "relative_strength": 112.048548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.194116, "energy": 66.234672, "activity_lines": [ 114.157333, 103.917636, 82.574428, 71.537853 ] }, { "date": "2025-10-03", "close": 119.900002, "volume": 6732087, "typical_volume": 10974024.9, "trend": 61.801116, "fair_value": 33.378511, "relative_strength": 125.316163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.277675, "energy": 66.113229, "activity_lines": [ 115.442667, 109.090546, 87.505831, 75.458683 ] }, { "date": "2025-10-10", "close": 120.269997, "volume": 4206933, "typical_volume": 10912783.8, "trend": 64.461019, "fair_value": 34.025074, "relative_strength": 117.978411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.708957, "energy": 59.087539, "activity_lines": [ 116.837999, 113.109272, 92.118709, 79.230869 ] }, { "date": "2025-10-17", "close": 115.989998, "volume": 9799465, "typical_volume": 11143326.75, "trend": 66.975189, "fair_value": 34.642679, "relative_strength": 107.063694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.80357, "energy": 52.535995, "activity_lines": [ 116.208665, 115.088727, 95.962918, 82.55532 ] }, { "date": "2025-10-24", "close": 130.5, "volume": 9918686, "typical_volume": 11461172.2, "trend": 69.948969, "fair_value": 35.360436, "relative_strength": 119.217268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.842745, "energy": 58.041058, "activity_lines": [ 121.651332, 118.866545, 100.837143, 86.653694 ] }, { "date": "2025-10-31", "close": 112.879997, "volume": 9333124, "typical_volume": 11642737.85, "trend": 72.362539, "fair_value": 35.959405, "relative_strength": 84.347814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.040389, "energy": 47.329172, "activity_lines": [ 119.653998, 118.270363, 103.626809, 89.423438 ] }, { "date": "2025-11-07", "close": 110.980003, "volume": 4740091, "typical_volume": 11661787.95, "trend": 74.769852, "fair_value": 36.52579, "relative_strength": 74.989218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.581832, "energy": 38.318253, "activity_lines": [ 116.678, 116.998363, 105.906238, 91.914888 ] }, { "date": "2025-11-14", "close": 119.300003, "volume": 5773307, "typical_volume": 11519506.5, "trend": 77.419829, "fair_value": 37.139129, "relative_strength": 83.516308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.525602, "energy": 36.577055, "activity_lines": [ 117.070001, 117.397637, 108.652667, 94.7878 ] }, { "date": "2025-11-21", "close": 109.139999, "volume": 4359911, "typical_volume": 11349310.2, "trend": 79.69741, "fair_value": 37.656273, "relative_strength": 70.452359, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.478765, "energy": 26.421533, "activity_lines": [ 114.140001, 115.804182, 110.088381, 96.834263 ] }, { "date": "2025-11-28", "close": 112.660004, "volume": 4515939, "typical_volume": 11340709.85, "trend": 82.031003, "fair_value": 38.228254, "relative_strength": 69.511232, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.281311, "energy": 25.310782, "activity_lines": [ 112.840002, 115.312183, 111.559381, 98.960882 ] }, { "date": "2025-12-05", "close": 114.0, "volume": 4519997, "typical_volume": 11332245.35, "trend": 84.267513, "fair_value": 38.803843, "relative_strength": 67.032376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.716919, "energy": 25.394247, "activity_lines": [ 113.176001, 114.96091, 112.831048, 101.023398 ] }, { "date": "2025-12-12", "close": 114.040001, "volume": 6963320, "typical_volume": 11308149.3, "trend": 86.548518, "fair_value": 39.382449, "relative_strength": 64.047657, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.286719, "energy": 22.941311, "activity_lines": [ 113.450668, 114.502365, 113.786715, 102.944204 ] }, { "date": "2025-12-19", "close": 91.349998, "volume": 10923211, "typical_volume": 11366591.6, "trend": 88.11187, "fair_value": 39.817383, "relative_strength": 29.309489, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.259231, "energy": 8.236461, "activity_lines": [ 105.958, 110.02491, 112.289429, 103.253976 ] }, { "date": "2025-12-26", "close": 91.370003, "volume": 7012155, "typical_volume": 11080048.25, "trend": 89.754429, "fair_value": 40.25965, "relative_strength": 24.993398, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.377244, "energy": 18.901975, "activity_lines": [ 100.335334, 106.07691, 110.601477, 103.464179 ] }, { "date": "2026-01-02", "close": 96.860001, "volume": 5776548, "typical_volume": 10661636.15, "trend": 91.478334, "fair_value": 40.744312, "relative_strength": 30.200144, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.431262, "energy": 22.7193, "activity_lines": [ 97.727334, 103.574728, 109.333667, 103.922603 ] }, { "date": "2026-01-09", "close": 91.650002, "volume": 6537071, "typical_volume": 9984157.7, "trend": 93.075667, "fair_value": 41.202654, "relative_strength": 17.03761, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -10.00707, "energy": 37.976353, "activity_lines": [ 94.436001, 100.73691, 107.423334, 103.933678 ] }, { "date": "2026-01-16", "close": 89.540001, "volume": 6060241, "typical_volume": 9025280.6, "trend": 94.638667, "fair_value": 41.639568, "relative_strength": 13.372065, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.63906, "energy": 51.009749, "activity_lines": [ 91.931335, 97.901456, 105.32662, 103.70557 ] }, { "date": "2026-01-23", "close": 86.720001, "volume": 6446186, "typical_volume": 8468274.75, "trend": 95.954334, "fair_value": 42.051646, "relative_strength": 7.74908, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.807004, "energy": 53.319215, "activity_lines": [ 90.120001, 94.943092, 103.104953, 103.194689 ] }, { "date": "2026-01-30", "close": 75.550003, "volume": 7462138, "typical_volume": 7921073.25, "trend": 96.934334, "fair_value": 42.39723, "relative_strength": -6.518444, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.166772, "energy": 69.242109, "activity_lines": [ 84.894002, 90.546183, 99.936525, 101.87828 ] }, { "date": "2026-02-06", "close": 75.099998, "volume": 6769236, "typical_volume": 7411580.95, "trend": 97.971, "fair_value": 42.732282, "relative_strength": -6.682249, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.392593, "energy": 73.114021, "activity_lines": [ 80.572667, 86.678183, 97.006048, 100.469614 ] }, { "date": "2026-02-13", "close": 73.529999, "volume": 6949777, "typical_volume": 6739971.15, "trend": 98.860667, "fair_value": 43.049051, "relative_strength": -9.727886, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.222955, "energy": 76.86475, "activity_lines": [ 77.178667, 83.207637, 94.077953, 98.892775 ] }, { "date": "2026-02-27", "close": 73.800003, "volume": 5352033, "typical_volume": 6670968.45, "trend": 99.563334, "fair_value": 43.370121, "relative_strength": -11.636336, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.716752, "energy": 87.439591, "activity_lines": [ 75.082667, 80.522001, 91.338287, 97.275958 ] }, { "date": "2026-03-06", "close": 68.860001, "volume": 6720698, "typical_volume": 6796656.7, "trend": 100.161667, "fair_value": 43.664316, "relative_strength": -17.248691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.007651, "energy": 88.230485, "activity_lines": [ 72.389334, 77.669819, 88.347668, 95.295097 ] }, { "date": "2026-03-13", "close": 68.68, "volume": 8101289, "typical_volume": 6711747.9, "trend": 100.124334, "fair_value": 43.944314, "relative_strength": -17.280224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.84564, "energy": 85.515337, "activity_lines": [ 70.826667, 75.193819, 85.584715, 93.264022 ] }, { "date": "2026-03-20", "close": 63.630001, "volume": 4608855, "typical_volume": 6446256.35, "trend": 100.041001, "fair_value": 44.198097, "relative_strength": -21.000292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.302348, "energy": 87.381452, "activity_lines": [ 68.038668, 72.212183, 82.566096, 90.909549 ] }, { "date": "2026-03-27", "close": 65.779999, "volume": 6341732, "typical_volume": 6296686.75, "trend": 99.076667, "fair_value": 44.47074, "relative_strength": -17.79587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.54006, "energy": 88.039711, "activity_lines": [ 66.732, 70.225637, 80.070667, 88.699162 ] }, { "date": "2026-04-03", "close": 61.93, "volume": 4709268, "typical_volume": 6295145.6, "trend": 97.151001, "fair_value": 44.724606, "relative_strength": -22.202866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.721547, "energy": 89.889716, "activity_lines": [ 64.658667, 68.009455, 77.432858, 86.302603 ] }, { "date": "2026-04-10", "close": 47.937222, "volume": 6098207, "typical_volume": 6311390.6, "trend": 95.038908, "fair_value": 44.875192, "relative_strength": -41.379355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.719288, "energy": 96.543698, "activity_lines": [ 58.712407, 63.751131, 73.695974, 83.12752 ] }, { "date": "2026-04-17", "close": 48.730511, "volume": 6076239, "typical_volume": 6397207.0, "trend": 92.179258, "fair_value": 45.034925, "relative_strength": -41.371475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.38895, "energy": 94.614828, "activity_lines": [ 54.425429, 60.342184, 70.374464, 80.139882 ] }, { "date": "2026-04-24", "close": 48.603016, "volume": 7600037, "typical_volume": 6551411.9, "trend": 90.232692, "fair_value": 45.188446, "relative_strength": -41.92026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.051858, "energy": 91.525986, "activity_lines": [ 51.425919, 57.397683, 67.328477, 77.328511 ] }, { "date": "2026-05-01", "close": 52.881104, "volume": 9480600, "typical_volume": 6799442.05, "trend": 88.405396, "fair_value": 45.36717, "relative_strength": -37.331586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.433265, "energy": 85.076996, "activity_lines": [ 50.854237, 55.712779, 64.994959, 74.918731 ] }, { "date": "2026-05-08", "close": 56.635052, "volume": 12216849, "typical_volume": 7062118.5, "trend": 86.296564, "fair_value": 45.577161, "relative_strength": -34.004913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.757387, "energy": 73.361453, "activity_lines": [ 52.393798, 55.085845, 63.310003, 72.869032 ] }, { "date": "2026-05-15", "close": 56.415482, "volume": 21418478, "typical_volume": 7586881.85, "trend": 84.16808, "fair_value": 45.80031, "relative_strength": -33.527892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.811786, "energy": 63.108495, "activity_lines": [ 54.213165, 54.73108, 61.877492, 70.94122 ] }, { "date": "2026-05-22", "close": 67.25235, "volume": 23332678, "typical_volume": 8402908.0, "trend": 82.543492, "fair_value": 46.098956, "relative_strength": -20.534972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.749596, "energy": 40.432182, "activity_lines": [ 59.079604, 56.572919, 61.643419, 69.849883 ] }, { "date": "2026-05-29", "close": 50.28167, "volume": 18939354, "typical_volume": 9061048.3, "trend": 79.869547, "fair_value": 46.286309, "relative_strength": -39.888618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.109433, "energy": 40.930442, "activity_lines": [ 57.05436, 55.355136, 59.907936, 67.768475 ] }, { "date": "2026-06-05", "close": 49.013824, "volume": 3781730, "typical_volume": 8923281.25, "trend": 77.740675, "fair_value": 46.462139, "relative_strength": -40.78782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.675305, "energy": 45.403287, "activity_lines": [ 54.494591, 54.149533, 58.273508, 65.777783 ] }, { "date": "2026-06-12", "close": 45.830002, "volume": 1483548, "typical_volume": 8694446.6, "trend": 75.569008, "fair_value": 46.612736, "relative_strength": -44.583984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.961607, "energy": 57.511099, "activity_lines": [ 51.131367, 52.669893, 56.538888, 63.71903 ] }, { "date": "2026-06-19", "close": 50.369999, "volume": 6997846, "typical_volume": 8722029.6, "trend": 73.271342, "fair_value": 46.796466, "relative_strength": -39.936612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.140263, "energy": 57.093611, "activity_lines": [ 50.001811, 52.308434, 55.444791, 62.093287 ] }, { "date": "2026-06-26", "close": 43.77, "volume": 1823140, "typical_volume": 8440079.7, "trend": 71.092342, "fair_value": 46.947345, "relative_strength": -46.896533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.586572, "energy": 72.081714, "activity_lines": [ 47.075288, 50.702743, 53.895219, 60.189975 ] }, { "date": "2026-07-03", "close": 54.32, "volume": 4830092, "typical_volume": 8343122.5, "trend": 69.147675, "fair_value": 47.157828, "relative_strength": -34.341256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.794784, "energy": 48.13511, "activity_lines": [ 49.230922, 51.105425, 53.501742, 59.107888 ] }, { "date": "2026-07-10", "close": 50.220001, "volume": 12526649, "typical_volume": 8621966.1, "trend": 67.021675, "fair_value": 47.336275, "relative_strength": -38.534022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.296187, "energy": 42.350229, "activity_lines": [ 49.750667, 50.658707, 52.816741, 57.886748 ] }, { "date": "2026-07-17", "close": 45.279999, "volume": 6339994, "typical_volume": 8671364.15, "trend": 64.729675, "fair_value": 47.474423, "relative_strength": -41.136414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.410898, "energy": 45.405607, "activity_lines": [ 48.543333, 49.362191, 51.772263, 56.484059 ] }, { "date": "2026-07-24", "close": 39.0, "volume": 6368814, "typical_volume": 8653769.95, "trend": 62.984675, "fair_value": 47.578549, "relative_strength": -49.822598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.891377, "energy": 49.048589, "activity_lines": [ 45.279333, 47.130312, 50.2655, 54.82408 ] }, { "date": "2026-07-31", "close": 38.900002, "volume": 6348234, "typical_volume": 8566117.2, "trend": 61.235675, "fair_value": 47.67954, "relative_strength": -49.973792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.650348, "energy": 58.377928, "activity_lines": [ 42.740001, 45.196897, 48.891404, 53.270231 ] }, { "date": "2026-08-07", "close": 42.299999, "volume": 7344027, "typical_volume": 8702875.8, "trend": 59.417008, "fair_value": 47.812077, "relative_strength": -46.909968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.326422, "energy": 58.174588, "activity_lines": [ 41.658667, 44.397161, 47.982927, 52.048574 ] } ], "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." } } }