{ "ticker": { "uuid": "e1d82f04-0a47-4e93-9ee7-ab92454b850c", "symbol": "6212", "name": "Li Ming Development Construction Co., Ltd.", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 92.846, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -10.113, "architecture_energy": 10.965, "architecture_maturity": 33.406, "architecture_confidence": 55.253, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 58.93, "rotation_up": 32.84, "upward_expansion": 32.64, "deceleration": 46.83, "rotation_down": 17.56, "downward_expansion": 40.98 }, "activity_lines": [ 29.166667, 28.999091, 28.707619, 29.14914 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 29.200001, "trend_reference": 30.686667, "distance_from_trend": -0.048447, "trend_direction": "Weakening", "fair_value": 48.811413, "distance_from_fair_value": -0.401779, "fair_value_direction": "Improving", "relative_strength": -43.009883, "relative_strength_direction": "Improving", "price_momentum": -0.227513, "excess_performance": -0.668885, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.048447, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.113913, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.401779, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.033056, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.430099, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.095432, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.227513, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.64435, "read": "Demand-led" } ], "volume": { "latest": 4000, "relative_activity": 0.182475, "balance": 1.64435, "dry_up": 0.367801, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.034642, "annualized_volatility": 0.243571, "from_high_reference": -0.35255, "from_low_reference": 0.089552 }, "levels": { "trend_reference": 30.686667, "fair_value_reference": 48.811413, "structural_low": 26.799999, "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": 17, "median_return": 0.011881, "positive_rate": 0.529412, "directional_follow_through": 0.529412, "median_excess_return": -0.003349, "regime_survival": 0.588235, "best_return": 0.093103, "worst_return": -0.090909, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.017723, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.022643, "regime_survival": 0.285714, "best_return": 0.098, "worst_return": -0.310875, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.001, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.015205, "regime_survival": 0.2, "best_return": 0.148, "worst_return": -0.316785, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.064, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.020032, "regime_survival": 0.333333, "best_return": 0.450371, "worst_return": -0.144586, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-12-16", "end": "2022-12-23", "tenure": "New", "return": -0.044445, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2022-12-30", "end": "2023-01-06", "tenure": "New", "return": 0.11087, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-01-13", "end": "2023-03-03", "tenure": "Developing", "return": -0.008247, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-03-10", "end": "2023-09-08", "tenure": "Extended", "return": 0.016162, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-09-15", "end": "2023-11-10", "tenure": "Developing", "return": 0.028, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-17", "end": "2024-06-14", "tenure": "Extended", "return": 0.467803, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-06-28", "tenure": "New", "return": 0.027031, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2024-09-13", "tenure": "Developing", "return": 0.076463, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-20", "end": "2024-10-11", "tenure": "New", "return": -0.156597, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": -0.097222, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-12-19", "tenure": "Extended", "return": -0.202107, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": -0.076832, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-07-24", "tenure": "Established", "return": -0.239474, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 40.511982, "volume": 26000, "typical_volume": 16500.0, "trend": 43.055036, "fair_value": 47.570384, "relative_strength": -14.936445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.570176, "energy": 43.70054, "activity_lines": [ 41.744442, 42.140341, 42.512728, 42.746636 ] }, { "date": "2023-08-18", "close": 38.035267, "volume": 23000, "typical_volume": 17150.0, "trend": 42.89287, "fair_value": 47.551378, "relative_strength": -18.722013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.805561, "energy": 67.881993, "activity_lines": [ 40.408785, 41.347471, 42.060981, 42.42278 ] }, { "date": "2023-08-25", "close": 38.654446, "volume": 7000, "typical_volume": 17250.0, "trend": 42.68058, "fair_value": 47.529879, "relative_strength": -17.667736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.164698, "energy": 75.66274, "activity_lines": [ 39.580266, 40.752416, 41.693475, 42.149333 ] }, { "date": "2023-09-01", "close": 43.430965, "volume": 374000, "typical_volume": 35300.0, "trend": 42.654044, "fair_value": 47.507762, "relative_strength": -8.224975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.302258, "energy": 43.087575, "activity_lines": [ 40.520827, 41.104624, 41.8032, 42.197745 ] }, { "date": "2023-09-08", "close": 44.492413, "volume": 40000, "typical_volume": 36200.0, "trend": 42.685003, "fair_value": 47.487063, "relative_strength": -5.379873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.701062, "energy": 11.334367, "activity_lines": [ 41.915452, 41.640173, 42.013595, 42.316349 ] }, { "date": "2023-09-15", "close": 44.227055, "volume": 60000, "typical_volume": 38900.0, "trend": 42.707116, "fair_value": 47.468972, "relative_strength": -7.637005, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.893969, "energy": 11.813472, "activity_lines": [ 42.982799, 42.092897, 42.197242, 42.415836 ] }, { "date": "2023-09-22", "close": 41.396523, "volume": 867000, "typical_volume": 82100.0, "trend": 42.64225, "fair_value": 47.432736, "relative_strength": -10.183933, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.210051, "energy": 13.97189, "activity_lines": [ 42.858963, 42.000423, 42.105208, 42.331282 ] }, { "date": "2023-09-29", "close": 41.661884, "volume": 108000, "typical_volume": 86700.0, "trend": 42.612766, "fair_value": 47.398201, "relative_strength": -9.297493, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.410096, "energy": 16.28163, "activity_lines": [ 42.599498, 41.977103, 42.043501, 42.268033 ] }, { "date": "2023-10-06", "close": 42.015701, "volume": 25000, "typical_volume": 87300.0, "trend": 42.553796, "fair_value": 47.36378, "relative_strength": -8.982749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.054531, "energy": 10.486415, "activity_lines": [ 42.257476, 42.01168, 42.019702, 42.229512 ] }, { "date": "2023-10-13", "close": 45.907684, "volume": 32000, "typical_volume": 88700.0, "trend": 42.639302, "fair_value": 47.356462, "relative_strength": -1.727596, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.98776, "energy": 10.216206, "activity_lines": [ 43.307132, 42.806963, 42.370781, 42.445892 ] }, { "date": "2023-10-20", "close": 41.396523, "volume": 64000, "typical_volume": 91000.0, "trend": 42.559693, "fair_value": 47.320226, "relative_strength": -9.006901, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.694543, "energy": 3.50432, "activity_lines": [ 42.758716, 42.691169, 42.275798, 42.365713 ] }, { "date": "2023-10-27", "close": 42.45797, "volume": 31000, "typical_volume": 91900.0, "trend": 42.530209, "fair_value": 47.258481, "relative_strength": -4.359053, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.083375, "energy": 3.085513, "activity_lines": [ 42.752819, 42.752283, 42.294753, 42.35915 ] }, { "date": "2023-11-03", "close": 44.757778, "volume": 26000, "typical_volume": 91800.0, "trend": 42.577384, "fair_value": 47.216863, "relative_strength": -0.93964, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.577496, "energy": 20.813788, "activity_lines": [ 43.442761, 43.15113, 42.534, 42.502864 ] }, { "date": "2023-11-10", "close": 45.465412, "volume": 30000, "typical_volume": 92800.0, "trend": 42.648148, "fair_value": 47.190553, "relative_strength": 0.017682, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.831852, "energy": 30.1082, "activity_lines": [ 44.162187, 43.567669, 42.832217, 42.689189 ] }, { "date": "2023-11-17", "close": 46.703766, "volume": 38000, "typical_volume": 92950.0, "trend": 42.732179, "fair_value": 47.166795, "relative_strength": -0.042751, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.038909, "energy": 47.320755, "activity_lines": [ 45.064418, 44.172373, 43.236157, 42.950841 ] }, { "date": "2023-11-24", "close": 45.376957, "volume": 48000, "typical_volume": 95100.0, "trend": 42.813262, "fair_value": 47.136687, "relative_strength": -3.01089, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.536977, "energy": 48.62259, "activity_lines": [ 45.471307, 44.495632, 43.494148, 43.121472 ] }, { "date": "2023-12-01", "close": 46.703766, "volume": 13000, "typical_volume": 95650.0, "trend": 42.954788, "fair_value": 47.11993, "relative_strength": -0.796195, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.172707, "energy": 56.736959, "activity_lines": [ 46.055104, 45.039222, 43.865023, 43.372473 ] }, { "date": "2023-12-08", "close": 47.58831, "volume": 125000, "typical_volume": 100650.0, "trend": 43.122851, "fair_value": 47.102381, "relative_strength": 1.59839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.076509, "energy": 60.390362, "activity_lines": [ 46.650695, 45.647143, 44.300344, 43.671409 ] }, { "date": "2023-12-15", "close": 48.561306, "volume": 48000, "typical_volume": 100250.0, "trend": 43.311553, "fair_value": 47.093224, "relative_strength": 2.186729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.576753, "energy": 64.008691, "activity_lines": [ 47.381917, 46.32422, 44.798425, 44.022277 ] }, { "date": "2023-12-22", "close": 42.590656, "volume": 16000, "typical_volume": 100050.0, "trend": 43.315976, "fair_value": 47.015633, "relative_strength": -9.421969, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.721963, "energy": 31.927091, "activity_lines": [ 45.916528, 45.796712, 44.710603, 43.975768 ] }, { "date": "2023-12-29", "close": 46.261497, "volume": 17000, "typical_volume": 99600.0, "trend": 43.388214, "fair_value": 46.999273, "relative_strength": -3.017348, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.025281, "energy": 26.221817, "activity_lines": [ 45.948961, 45.99694, 44.964382, 44.165802 ] }, { "date": "2024-01-05", "close": 46.969131, "volume": 12000, "typical_volume": 99050.0, "trend": 43.52974, "fair_value": 46.985295, "relative_strength": 0.923666, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.560601, "energy": 25.33115, "activity_lines": [ 46.158302, 46.237374, 45.258176, 44.396828 ] }, { "date": "2024-01-12", "close": 46.880676, "volume": 63000, "typical_volume": 101850.0, "trend": 43.659473, "fair_value": 46.969134, "relative_strength": 1.112301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.885563, "energy": 20.406734, "activity_lines": [ 46.320468, 46.379705, 45.501003, 44.613018 ] }, { "date": "2024-01-19", "close": 47.765221, "volume": 64004, "typical_volume": 86350.2, "trend": 43.821639, "fair_value": 46.962952, "relative_strength": 2.180128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.009689, "energy": 35.207969, "activity_lines": [ 46.824657, 46.644264, 45.788901, 44.877905 ] }, { "date": "2024-01-26", "close": 42.590656, "volume": 90000, "typical_volume": 88850.2, "trend": 43.821639, "fair_value": 46.918214, "relative_strength": -10.0526, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.366513, "energy": 11.623334, "activity_lines": [ 45.657063, 45.926178, 45.563343, 44.798487 ] }, { "date": "2024-02-02", "close": 46.792225, "volume": 26000, "typical_volume": 87150.2, "trend": 43.963166, "fair_value": 46.897716, "relative_strength": -1.358766, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.234987, "energy": 18.48305, "activity_lines": [ 45.889993, 46.046797, 45.746991, 44.990137 ] }, { "date": "2024-02-09", "close": 47.322948, "volume": 3000, "typical_volume": 43950.2, "trend": 44.122383, "fair_value": 46.878466, "relative_strength": -0.30794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.269313, "energy": 23.375251, "activity_lines": [ 46.264448, 46.23818, 45.968968, 45.206897 ] }, { "date": "2024-02-16", "close": 50.153481, "volume": 55000, "typical_volume": 41300.2, "trend": 44.41723, "fair_value": 46.894056, "relative_strength": 2.842015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.279329, "energy": 33.448771, "activity_lines": [ 47.558827, 46.932947, 46.4323, 45.596 ] }, { "date": "2024-02-23", "close": 49.09203, "volume": 17000, "typical_volume": 40900.2, "trend": 44.555809, "fair_value": 46.892609, "relative_strength": -0.693771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.801583, "energy": 49.33979, "activity_lines": [ 48.281202, 47.388083, 46.754104, 45.8976 ] }, { "date": "2024-03-01", "close": 49.97657, "volume": 43000, "typical_volume": 41450.2, "trend": 44.858027, "fair_value": 46.904911, "relative_strength": 0.910218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.471172, "energy": 58.860707, "activity_lines": [ 49.209969, 47.994396, 47.126454, 46.247327 ] }, { "date": "2024-03-08", "close": 50.595749, "volume": 69000, "typical_volume": 41700.2, "trend": 45.194152, "fair_value": 46.916335, "relative_strength": -2.036037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.327643, "energy": 58.568532, "activity_lines": [ 49.852735, 48.578997, 47.538397, 46.617503 ] }, { "date": "2024-03-15", "close": 50.772655, "volume": 87000, "typical_volume": 44500.2, "trend": 45.618732, "fair_value": 46.939125, "relative_strength": -1.015728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.420521, "energy": 50.522439, "activity_lines": [ 50.300901, 49.116958, 47.923383, 46.977406 ] }, { "date": "2024-03-22", "close": 53.160919, "volume": 100000, "typical_volume": 48200.2, "trend": 46.102281, "fair_value": 46.968069, "relative_strength": 0.935015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.34993, "energy": 59.963699, "activity_lines": [ 51.315175, 50.019994, 48.496228, 47.463999 ] }, { "date": "2024-03-29", "close": 55.195366, "volume": 72000, "typical_volume": 50300.2, "trend": 46.494428, "fair_value": 47.012209, "relative_strength": 4.465872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.29515, "energy": 69.272364, "activity_lines": [ 52.807103, 51.178743, 49.222816, 48.050649 ] }, { "date": "2024-04-05", "close": 61.475601, "volume": 137000, "typical_volume": 55250.2, "trend": 47.060534, "fair_value": 47.104685, "relative_strength": 15.860672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.825353, "energy": 85.366797, "activity_lines": [ 55.985552, 53.344259, 50.501188, 49.017177 ] }, { "date": "2024-04-12", "close": 67.402023, "volume": 610000, "typical_volume": 83350.2, "trend": 47.833033, "fair_value": 47.236229, "relative_strength": 24.101566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.471973, "energy": 94.319719, "activity_lines": [ 60.372874, 56.243945, 52.273639, 50.329531 ] }, { "date": "2024-04-19", "close": 72.001648, "volume": 395000, "typical_volume": 102450.2, "trend": 48.853204, "fair_value": 47.385947, "relative_strength": 39.902614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.595951, "energy": 96.951788, "activity_lines": [ 65.172986, 59.605202, 54.379269, 51.888796 ] }, { "date": "2024-04-26", "close": 72.090096, "volume": 450000, "typical_volume": 118700.2, "trend": 49.867477, "fair_value": 47.54431, "relative_strength": 35.128624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.392857, "energy": 94.51153, "activity_lines": [ 68.587314, 62.533837, 56.372855, 53.387951 ] }, { "date": "2024-05-03", "close": 73.416908, "volume": 245000, "typical_volume": 128550.2, "trend": 50.914184, "fair_value": 47.699869, "relative_strength": 35.317967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.600846, "energy": 92.907317, "activity_lines": [ 71.181968, 65.304862, 58.37613, 54.907269 ] }, { "date": "2024-05-10", "close": 64.748405, "volume": 382000, "typical_volume": 146850.2, "trend": 51.542208, "fair_value": 47.777241, "relative_strength": 16.837634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.748058, "energy": 81.360765, "activity_lines": [ 69.672351, 66.057526, 59.435473, 55.799799 ] }, { "date": "2024-05-17", "close": 69.082657, "volume": 270000, "typical_volume": 159500.2, "trend": 52.465079, "fair_value": 47.895322, "relative_strength": 20.916629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.868271, "energy": 61.96603, "activity_lines": [ 69.389298, 67.329657, 60.802089, 56.931441 ] }, { "date": "2024-05-24", "close": 67.313576, "volume": 127000, "typical_volume": 165250.2, "trend": 53.2936, "fair_value": 48.01068, "relative_strength": 15.689186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.408793, "energy": 54.532141, "activity_lines": [ 68.404509, 67.944011, 61.891549, 57.889409 ] }, { "date": "2024-05-31", "close": 68.02121, "volume": 99000, "typical_volume": 167050.2, "trend": 54.069047, "fair_value": 48.101491, "relative_strength": 18.580349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.532019, "energy": 41.358437, "activity_lines": [ 67.968136, 68.386282, 62.951524, 58.839577 ] }, { "date": "2024-06-07", "close": 74.743721, "volume": 100000, "typical_volume": 168850.0, "trend": 55.044991, "fair_value": 48.259093, "relative_strength": 25.42936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.949316, "energy": 54.889054, "activity_lines": [ 70.043859, 69.780641, 64.551069, 60.173427 ] }, { "date": "2024-06-14", "close": 68.551933, "volume": 43000, "typical_volume": 166500.0, "trend": 55.773263, "fair_value": 48.38185, "relative_strength": 11.295474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.446784, "energy": 44.039676, "activity_lines": [ 69.967199, 69.693795, 65.432451, 61.044843 ] }, { "date": "2024-06-21", "close": 67.932755, "volume": 101000, "typical_volume": 170250.0, "trend": 56.525123, "fair_value": 48.5001, "relative_strength": 6.4196, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.468179, "energy": 39.607073, "activity_lines": [ 69.430578, 69.365711, 66.131239, 61.829326 ] }, { "date": "2024-06-28", "close": 69.769051, "volume": 143000, "typical_volume": 177250.0, "trend": 57.293966, "fair_value": 48.627967, "relative_strength": 9.951767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.131515, "energy": 38.147837, "activity_lines": [ 69.582715, 69.361849, 66.904242, 62.683773 ] }, { "date": "2024-07-05", "close": 77.552048, "volume": 159000, "typical_volume": 182450.0, "trend": 58.292757, "fair_value": 48.808956, "relative_strength": 18.883643, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.509344, "energy": 44.299627, "activity_lines": [ 72.165486, 70.813671, 68.311598, 63.990746 ] }, { "date": "2024-07-12", "close": 71.807449, "volume": 92000, "typical_volume": 186200.0, "trend": 59.067629, "fair_value": 48.955275, "relative_strength": 8.013391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.811412, "energy": 38.956757, "activity_lines": [ 72.198002, 71.121711, 69.041379, 64.862661 ] }, { "date": "2024-07-19", "close": 79.683105, "volume": 325000, "typical_volume": 200300.0, "trend": 60.304044, "fair_value": 49.141846, "relative_strength": 24.439424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.53856, "energy": 52.852853, "activity_lines": [ 75.051488, 72.890952, 70.413054, 66.192692 ] }, { "date": "2024-07-26", "close": 93.11805, "volume": 371000, "typical_volume": 215400.0, "trend": 61.865929, "fair_value": 49.415616, "relative_strength": 48.705849, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.437467, "energy": 82.400169, "activity_lines": [ 81.641211, 76.83137, 72.922788, 68.309725 ] }, { "date": "2024-08-02", "close": 97.750786, "volume": 1318000, "typical_volume": 276950.0, "trend": 63.558651, "fair_value": 49.728777, "relative_strength": 57.342622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.297534, "energy": 88.811849, "activity_lines": [ 88.096159, 81.177096, 75.671248, 70.624877 ] }, { "date": "2024-08-09", "close": 91.635574, "volume": 388000, "typical_volume": 291350.0, "trend": 65.050481, "fair_value": 49.986749, "relative_strength": 46.862952, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.002766, "energy": 82.60423, "activity_lines": [ 90.647255, 83.857563, 77.613601, 72.436291 ] }, { "date": "2024-08-16", "close": 105.16317, "volume": 465000, "typical_volume": 311000.0, "trend": 66.963746, "fair_value": 50.3252, "relative_strength": 59.390692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.402439, "energy": 90.580197, "activity_lines": [ 96.768647, 88.568239, 80.661084, 75.024207 ] }, { "date": "2024-08-23", "close": 90.338409, "volume": 443000, "typical_volume": 326300.0, "trend": 68.555337, "fair_value": 50.573724, "relative_strength": 36.562992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.206681, "energy": 59.807795, "activity_lines": [ 95.724738, 90.030424, 82.058743, 76.53225 ] }, { "date": "2024-08-30", "close": 88.114693, "volume": 273000, "typical_volume": 309450.0, "trend": 69.932753, "fair_value": 50.79892, "relative_strength": 31.402451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.874589, "energy": 48.714935, "activity_lines": [ 93.229236, 90.692179, 83.107178, 77.794143 ] }, { "date": "2024-09-06", "close": 84.593811, "volume": 124000, "typical_volume": 295900.0, "trend": 71.175115, "fair_value": 50.962423, "relative_strength": 30.005686, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.112856, "energy": 36.712844, "activity_lines": [ 89.893665, 90.34683, 83.721659, 78.740018 ] }, { "date": "2024-09-13", "close": 83.481949, "volume": 179000, "typical_volume": 282350.0, "trend": 72.286064, "fair_value": 51.163593, "relative_strength": 25.412398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.089796, "energy": 21.437, "activity_lines": [ 87.064604, 89.529783, 84.170285, 79.534008 ] }, { "date": "2024-09-20", "close": 75.143021, "volume": 135000, "typical_volume": 276850.0, "trend": 73.15443, "fair_value": 51.285225, "relative_strength": 10.253708, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.380955, "energy": 19.523874, "activity_lines": [ 81.999475, 87.08875, 83.770481, 79.718327 ] }, { "date": "2024-09-27", "close": 72.36338, "volume": 270000, "typical_volume": 271250.0, "trend": 73.900657, "fair_value": 51.420225, "relative_strength": 2.689088, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.812232, "energy": 18.993459, "activity_lines": [ 78.009143, 84.081682, 83.09773, 79.667292 ] }, { "date": "2024-10-04", "close": 65.9702, "volume": 128000, "typical_volume": 264150.0, "trend": 74.413139, "fair_value": 51.506872, "relative_strength": -4.447071, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.962987, "energy": 34.333717, "activity_lines": [ 73.086086, 80.045303, 81.779842, 79.155649 ] }, { "date": "2024-10-11", "close": 63.37587, "volume": 49000, "typical_volume": 260250.0, "trend": 74.833246, "fair_value": 51.583126, "relative_strength": -10.623113, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.41098, "energy": 48.384752, "activity_lines": [ 68.774552, 76.030825, 80.229697, 78.443568 ] }, { "date": "2024-10-18", "close": 60.040298, "volume": 78000, "typical_volume": 259200.0, "trend": 75.062559, "fair_value": 51.639132, "relative_strength": -17.458051, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.449697, "energy": 63.061487, "activity_lines": [ 64.76569, 72.034877, 78.38063, 77.489184 ] }, { "date": "2024-10-25", "close": 52.349949, "volume": 155000, "typical_volume": 261950.0, "trend": 74.967712, "fair_value": 51.645841, "relative_strength": -27.427189, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.460069, "energy": 75.677545, "activity_lines": [ 59.756155, 67.215144, 75.837152, 76.023854 ] }, { "date": "2024-11-01", "close": 57.35331, "volume": 138000, "typical_volume": 266700.0, "trend": 74.830302, "fair_value": 51.680653, "relative_strength": -18.408908, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.080101, "energy": 71.15237, "activity_lines": [ 57.933945, 64.265354, 73.876822, 74.887441 ] }, { "date": "2024-11-08", "close": 54.203045, "volume": 243000, "typical_volume": 273800.0, "trend": 74.390336, "fair_value": 51.69754, "relative_strength": -25.226133, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.017417, "energy": 83.868201, "activity_lines": [ 56.062319, 61.342517, 71.669793, 73.55665 ] }, { "date": "2024-11-15", "close": 51.886673, "volume": 126000, "typical_volume": 272950.0, "trend": 73.719837, "fair_value": 51.701279, "relative_strength": -25.667887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.397526, "energy": 87.906235, "activity_lines": [ 54.203045, 58.615097, 69.307538, 72.104801 ] }, { "date": "2024-11-22", "close": 55.129593, "volume": 287151, "typical_volume": 279357.55, "trend": 73.154487, "fair_value": 51.725806, "relative_strength": -21.471967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.842894, "energy": 83.872604, "activity_lines": [ 54.190691, 57.071974, 67.339286, 70.905431 ] }, { "date": "2024-11-29", "close": 54.944283, "volume": 194000, "typical_volume": 284457.55, "trend": 72.538732, "fair_value": 51.749145, "relative_strength": -19.373267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.87638, "energy": 79.534678, "activity_lines": [ 54.443947, 56.010656, 65.460159, 69.730579 ] }, { "date": "2024-12-06", "close": 54.666317, "volume": 135000, "typical_volume": 274957.55, "trend": 72.202663, "fair_value": 51.770702, "relative_strength": -22.815926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.5894, "energy": 68.057265, "activity_lines": [ 54.431592, 55.266048, 63.634859, 68.57752 ] }, { "date": "2024-12-13", "close": 53.554459, "volume": 218000, "typical_volume": 267307.55, "trend": 71.685056, "fair_value": 51.777194, "relative_strength": -23.615587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.956358, "energy": 57.007201, "activity_lines": [ 54.227751, 54.641049, 61.822797, 67.37441 ] }, { "date": "2024-12-20", "close": 54.203045, "volume": 240000, "typical_volume": 213407.55, "trend": 71.248039, "fair_value": 51.75609, "relative_strength": -20.93195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.373237, "energy": 55.269394, "activity_lines": [ 54.283345, 54.359715, 60.260902, 66.246538 ] }, { "date": "2024-12-27", "close": 53.276497, "volume": 354000, "typical_volume": 211707.55, "trend": 70.756548, "fair_value": 51.73812, "relative_strength": -24.700877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.381258, "energy": 55.340896, "activity_lines": [ 53.875664, 54.076697, 58.818135, 65.087084 ] }, { "date": "2025-01-03", "close": 54.11039, "volume": 361000, "typical_volume": 206507.55, "trend": 70.06877, "fair_value": 51.744773, "relative_strength": -22.138694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.111866, "energy": 52.368305, "activity_lines": [ 53.869487, 54.068274, 57.637448, 64.013138 ] }, { "date": "2025-01-10", "close": 52.72057, "volume": 169000, "typical_volume": 192807.55, "trend": 69.541058, "fair_value": 51.743652, "relative_strength": -24.294744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.175157, "energy": 52.413591, "activity_lines": [ 53.45563, 53.775148, 56.567506, 62.893899 ] }, { "date": "2025-01-17", "close": 51.423401, "volume": 348000, "typical_volume": 196557.55, "trend": 68.990747, "fair_value": 51.740452, "relative_strength": -26.367425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.850355, "energy": 53.220887, "activity_lines": [ 52.7391, 53.330405, 55.553157, 61.725018 ] }, { "date": "2025-01-24", "close": 52.349949, "volume": 58000, "typical_volume": 193257.55, "trend": 68.41011, "fair_value": 51.747161, "relative_strength": -26.176395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.516049, "energy": 51.572716, "activity_lines": [ 52.473489, 53.104664, 54.801771, 60.651418 ] }, { "date": "2025-02-07", "close": 55.222244, "volume": 173041, "typical_volume": 192959.6, "trend": 67.665783, "fair_value": 51.762075, "relative_strength": -21.850438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.423311, "energy": 45.525457, "activity_lines": [ 53.28885, 53.392736, 54.477479, 59.800588 ] }, { "date": "2025-02-14", "close": 55.68552, "volume": 171517, "typical_volume": 194785.45, "trend": 67.128385, "fair_value": 51.783362, "relative_strength": -19.979014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.484778, "energy": 34.822993, "activity_lines": [ 54.12892, 53.763355, 54.331879, 59.027668 ] }, { "date": "2025-02-21", "close": 58.650475, "volume": 83051, "typical_volume": 185438.0, "trend": 66.427298, "fair_value": 51.824788, "relative_strength": -17.651978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.618995, "energy": 17.017357, "activity_lines": [ 55.852299, 54.65958, 54.56131, 58.480706 ] }, { "date": "2025-02-28", "close": 56.334103, "volume": 86307, "typical_volume": 183353.35, "trend": 65.201166, "fair_value": 51.850799, "relative_strength": -18.500145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.98641, "energy": 18.335537, "activity_lines": [ 56.408227, 55.062207, 54.635433, 57.829532 ] }, { "date": "2025-03-07", "close": 55.500214, "volume": 69225, "typical_volume": 184364.6, "trend": 63.792814, "fair_value": 51.878836, "relative_strength": -17.914447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.290774, "energy": 16.093991, "activity_lines": [ 56.358813, 55.262678, 54.676025, 57.203664 ] }, { "date": "2025-03-14", "close": 51.701366, "volume": 140137, "typical_volume": 187471.45, "trend": 62.461673, "fair_value": 51.880253, "relative_strength": -21.313632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.396128, "energy": 18.82781, "activity_lines": [ 54.833098, 54.748866, 54.392325, 56.423571 ] }, { "date": "2025-03-21", "close": 53.276497, "volume": 168168, "typical_volume": 188129.85, "trend": 60.732118, "fair_value": 51.891767, "relative_strength": -19.703123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.541081, "energy": 26.712681, "activity_lines": [ 54.067151, 54.550079, 54.298347, 55.830979 ] }, { "date": "2025-03-28", "close": 51.423401, "volume": 104466, "typical_volume": 186453.15, "trend": 59.434951, "fair_value": 51.891403, "relative_strength": -20.193968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.18695, "energy": 35.418729, "activity_lines": [ 52.844108, 54.029528, 54.023471, 55.230417 ] }, { "date": "2025-04-04", "close": 48.643757, "volume": 96000, "typical_volume": 179103.15, "trend": 58.119253, "fair_value": 51.893065, "relative_strength": -23.212145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.135286, "energy": 57.081623, "activity_lines": [ 51.176322, 53.027171, 53.512105, 54.534211 ] }, { "date": "2025-04-11", "close": 46.142078, "volume": 166000, "typical_volume": 181103.15, "trend": 56.837528, "fair_value": 51.869052, "relative_strength": -20.221075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.051674, "energy": 69.921835, "activity_lines": [ 49.187332, 51.620503, 52.788956, 53.76149 ] }, { "date": "2025-04-18", "close": 46.327389, "volume": 275073, "typical_volume": 180499.25, "trend": 55.599043, "fair_value": 51.857, "relative_strength": -18.8945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.496169, "energy": 73.75951, "activity_lines": [ 47.883988, 50.360398, 52.110811, 53.083416 ] }, { "date": "2025-04-25", "close": 42.01894, "volume": 92041, "typical_volume": 175401.3, "trend": 54.494907, "fair_value": 51.819598, "relative_strength": -27.460602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.005082, "energy": 82.648362, "activity_lines": [ 45.50276, 48.478664, 51.064253, 52.20728 ] }, { "date": "2025-05-02", "close": 45.21553, "volume": 96020, "typical_volume": 173452.3, "trend": 53.589979, "fair_value": 51.798151, "relative_strength": -24.678074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.604441, "energy": 72.550269, "activity_lines": [ 44.937566, 47.426611, 50.383682, 51.608611 ] }, { "date": "2025-05-09", "close": 45.864113, "volume": 49039, "typical_volume": 165004.25, "trend": 52.919776, "fair_value": 51.782562, "relative_strength": -23.338943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.516499, "energy": 64.508509, "activity_lines": [ 45.002424, 46.736753, 49.809884, 51.110168 ] }, { "date": "2025-05-16", "close": 45.400841, "volume": 88041, "typical_volume": 157406.3, "trend": 52.320608, "fair_value": 51.767406, "relative_strength": -26.823847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.583181, "energy": 55.546241, "activity_lines": [ 45.098168, 46.153028, 49.228586, 50.625075 ] }, { "date": "2025-05-23", "close": 45.725132, "volume": 33059, "typical_volume": 141359.25, "trend": 51.843436, "fair_value": 51.759999, "relative_strength": -25.072273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.328716, "energy": 42.419769, "activity_lines": [ 45.351424, 45.81189, 48.720087, 50.199561 ] }, { "date": "2025-05-30", "close": 45.03022, "volume": 45001, "typical_volume": 125559.3, "trend": 51.599445, "fair_value": 51.748137, "relative_strength": -24.63657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.624934, "energy": 40.397241, "activity_lines": [ 45.413194, 45.453063, 48.181366, 49.759998 ] }, { "date": "2025-06-06", "close": 45.725132, "volume": 35207, "typical_volume": 118869.65, "trend": 51.211839, "fair_value": 51.743564, "relative_strength": -24.005527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.626725, "energy": 33.466398, "activity_lines": [ 45.505849, 45.370517, 47.752065, 49.381011 ] }, { "date": "2025-06-13", "close": 45.261856, "volume": 155031, "typical_volume": 109221.2, "trend": 50.913799, "fair_value": 51.733187, "relative_strength": -25.474292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.388837, "energy": 32.436844, "activity_lines": [ 45.410105, 45.307343, 47.311955, 48.997141 ] }, { "date": "2025-06-20", "close": 44.057346, "volume": 98001, "typical_volume": 111221.25, "trend": 50.652822, "fair_value": 51.715089, "relative_strength": -26.832279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.75275, "energy": 40.853912, "activity_lines": [ 44.953008, 45.086656, 46.78647, 48.554789 ] }, { "date": "2025-06-27", "close": 44.381638, "volume": 98001, "typical_volume": 107469.25, "trend": 50.294557, "fair_value": 51.701905, "relative_strength": -27.550311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.563275, "energy": 39.500887, "activity_lines": [ 44.693575, 44.962835, 46.331359, 48.150196 ] }, { "date": "2025-07-04", "close": 44.474293, "volume": 33000, "typical_volume": 100543.4, "trend": 49.945557, "fair_value": 51.689314, "relative_strength": -26.745436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.301737, "energy": 40.197308, "activity_lines": [ 44.554593, 44.891239, 45.936694, 47.774695 ] }, { "date": "2025-07-11", "close": 44.150002, "volume": 32000, "typical_volume": 97990.85, "trend": 49.595013, "fair_value": 51.689104, "relative_strength": -27.227659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.954039, "energy": 55.810039, "activity_lines": [ 44.344576, 44.716037, 45.56453, 47.400789 ] }, { "date": "2025-07-18", "close": 43.400002, "volume": 140533, "typical_volume": 100702.15, "trend": 49.256531, "fair_value": 51.689472, "relative_strength": -29.817481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.195702, "energy": 56.355807, "activity_lines": [ 43.989568, 44.423845, 45.189988, 47.001111 ] }, { "date": "2025-07-25", "close": 42.200001, "volume": 81023, "typical_volume": 101292.05, "trend": 48.85643, "fair_value": 51.691221, "relative_strength": -30.859537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.657225, "energy": 70.573997, "activity_lines": [ 43.358683, 43.958274, 44.762752, 46.54585 ] }, { "date": "2025-08-01", "close": 40.400002, "volume": 138001, "typical_volume": 101185.25, "trend": 48.427213, "fair_value": 51.673776, "relative_strength": -32.776185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.212513, "energy": 85.183011, "activity_lines": [ 42.251621, 43.223626, 44.227421, 46.000274 ] }, { "date": "2025-08-08", "close": 40.400002, "volume": 116001, "typical_volume": 98576.9, "trend": 47.9702, "fair_value": 51.656898, "relative_strength": -32.993734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.785171, "energy": 87.728676, "activity_lines": [ 41.410002, 42.585799, 43.745906, 45.48239 ] }, { "date": "2025-08-15", "close": 41.25, "volume": 152050, "typical_volume": 100956.1, "trend": 47.587848, "fair_value": 51.64632, "relative_strength": -31.106347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.322592, "energy": 81.418031, "activity_lines": [ 41.123335, 42.186704, 43.40666, 45.048829 ] }, { "date": "2025-08-22", "close": 41.950001, "volume": 128009, "typical_volume": 102556.55, "trend": 47.272068, "fair_value": 51.626053, "relative_strength": -26.569295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.740944, "energy": 67.179807, "activity_lines": [ 41.263334, 41.996247, 43.182525, 44.685096 ] }, { "date": "2025-08-29", "close": 42.099998, "volume": 60251, "typical_volume": 97269.1, "trend": 46.930403, "fair_value": 51.622625, "relative_strength": -26.353413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.373903, "energy": 48.603754, "activity_lines": [ 41.55, 41.893277, 43.004551, 44.351415 ] }, { "date": "2025-09-05", "close": 43.650002, "volume": 122005, "typical_volume": 89615.7, "trend": 46.544662, "fair_value": 51.618925, "relative_strength": -23.093461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.41218, "energy": 28.047233, "activity_lines": [ 42.36, 42.107715, 42.993444, 44.139776 ] }, { "date": "2025-09-12", "close": 42.400002, "volume": 23000, "typical_volume": 86163.65, "trend": 46.101811, "fair_value": 51.607214, "relative_strength": -26.78312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.076609, "energy": 21.878903, "activity_lines": [ 42.536668, 42.108183, 42.87604, 43.872378 ] }, { "date": "2025-09-19", "close": 42.200001, "volume": 111222, "typical_volume": 86923.75, "trend": 45.553462, "fair_value": 51.59989, "relative_strength": -26.056132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.280206, "energy": 19.084114, "activity_lines": [ 42.513334, 42.110001, 42.737772, 43.620649 ] }, { "date": "2025-09-26", "close": 41.799999, "volume": 182189, "typical_volume": 93581.25, "trend": 45.068992, "fair_value": 51.583198, "relative_strength": -25.636508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.863056, "energy": 22.083941, "activity_lines": [ 42.293334, 42.074546, 42.57577, 43.37849 ] }, { "date": "2025-10-03", "close": 41.900002, "volume": 78410, "typical_volume": 93099.7, "trend": 44.615651, "fair_value": 51.568281, "relative_strength": -27.732422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.256938, "energy": 26.019912, "activity_lines": [ 42.116668, 42.086364, 42.442644, 43.174039 ] }, { "date": "2025-10-10", "close": 41.700001, "volume": 65060, "typical_volume": 94699.75, "trend": 44.282273, "fair_value": 51.552082, "relative_strength": -28.595478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.905205, "energy": 31.056876, "activity_lines": [ 41.886668, 42.067274, 42.307141, 42.985932 ] }, { "date": "2025-10-17", "close": 40.599998, "volume": 86062, "typical_volume": 96752.8, "trend": 43.859723, "fair_value": 51.523161, "relative_strength": -29.670707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.411497, "energy": 37.96, "activity_lines": [ 41.42, 41.824546, 42.086043, 42.748366 ] }, { "date": "2025-10-24", "close": 40.049999, "volume": 30202, "typical_volume": 96502.55, "trend": 43.480609, "fair_value": 51.496385, "relative_strength": -30.506438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.278826, "energy": 49.900622, "activity_lines": [ 40.89, 41.478182, 41.833661, 42.502578 ] }, { "date": "2025-10-31", "close": 40.5, "volume": 8078, "typical_volume": 89154.9, "trend": 43.209151, "fair_value": 51.472494, "relative_strength": -30.958378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.333101, "energy": 58.970835, "activity_lines": [ 40.653333, 41.235455, 41.65116, 42.31028 ] }, { "date": "2025-11-07", "close": 40.0, "volume": 14459, "typical_volume": 84977.8, "trend": 43.004415, "fair_value": 51.445397, "relative_strength": -29.678491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.566713, "energy": 61.922375, "activity_lines": [ 40.336666, 40.928182, 41.443716, 42.103238 ] }, { "date": "2025-11-14", "close": 40.349998, "volume": 5000, "typical_volume": 80327.75, "trend": 42.805168, "fair_value": 51.423379, "relative_strength": -27.84694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.640285, "energy": 56.950577, "activity_lines": [ 40.263332, 40.722727, 41.288925, 41.931986 ] }, { "date": "2025-11-21", "close": 39.5, "volume": 10003, "typical_volume": 79177.9, "trend": 42.721204, "fair_value": 51.387408, "relative_strength": -26.247962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.370413, "energy": 53.177128, "activity_lines": [ 39.996666, 40.422727, 41.072381, 41.718749 ] }, { "date": "2025-11-28", "close": 40.5, "volume": 33055, "typical_volume": 79230.65, "trend": 42.564019, "fair_value": 51.360681, "relative_strength": -26.990217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.298483, "energy": 39.140886, "activity_lines": [ 40.136666, 40.357272, 40.974762, 41.575445 ] }, { "date": "2025-12-05", "close": 41.25, "volume": 35316, "typical_volume": 73969.8, "trend": 42.410216, "fair_value": 51.338763, "relative_strength": -25.874534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.12365, "energy": 27.481223, "activity_lines": [ 40.496666, 40.459091, 40.965952, 41.49067 ] }, { "date": "2025-12-12", "close": 40.049999, "volume": 56069, "typical_volume": 72722.1, "trend": 42.231854, "fair_value": 51.306316, "relative_strength": -27.932357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.802229, "energy": 28.628539, "activity_lines": [ 40.406666, 40.352727, 40.853095, 41.338398 ] }, { "date": "2025-12-19", "close": 41.400002, "volume": 35004, "typical_volume": 67572.25, "trend": 42.087683, "fair_value": 51.285359, "relative_strength": -23.533228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.861984, "energy": 16.309969, "activity_lines": [ 40.763334, 40.525454, 40.879048, 41.28473 ] }, { "date": "2025-12-26", "close": 42.299999, "volume": 55001, "typical_volume": 64522.25, "trend": 41.996676, "fair_value": 51.250326, "relative_strength": -23.525837, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.155199, "energy": 13.048052, "activity_lines": [ 41.35, 40.867273, 40.985952, 41.298428 ] }, { "date": "2026-01-02", "close": 41.400002, "volume": 9000, "typical_volume": 57369.75, "trend": 41.852505, "fair_value": 51.223131, "relative_strength": -26.536605, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.526959, "energy": 13.071617, "activity_lines": [ 41.450001, 41.014546, 40.998095, 41.259933 ] }, { "date": "2026-01-09", "close": 40.200001, "volume": 5000, "typical_volume": 51219.3, "trend": 41.683776, "fair_value": 51.219997, "relative_strength": -30.153883, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.815671, "energy": 15.577635, "activity_lines": [ 41.090001, 40.919091, 40.895238, 41.15332 ] }, { "date": "2026-01-16", "close": 39.799999, "volume": 34010, "typical_volume": 49907.25, "trend": 41.541865, "fair_value": 51.185382, "relative_strength": -32.615931, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.59301, "energy": 21.598715, "activity_lines": [ 40.666667, 40.756364, 40.762619, 41.031786 ] }, { "date": "2026-01-23", "close": 39.049999, "volume": 73624, "typical_volume": 47488.2, "trend": 41.364143, "fair_value": 51.160701, "relative_strength": -34.358167, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.710492, "energy": 47.676117, "activity_lines": [ 40.01, 40.460909, 40.569524, 40.87102 ] }, { "date": "2026-01-30", "close": 38.0, "volume": 179051, "typical_volume": 55290.75, "trend": 41.148334, "fair_value": 51.115681, "relative_strength": -35.635172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.717759, "energy": 67.172161, "activity_lines": [ 39.16, 39.998182, 40.298333, 40.653979 ] }, { "date": "2026-02-06", "close": 37.799999, "volume": 35002, "typical_volume": 51479.75, "trend": 40.936667, "fair_value": 51.074482, "relative_strength": -34.61417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.196977, "energy": 73.788723, "activity_lines": [ 38.529999, 39.526363, 40.029047, 40.437957 ] }, { "date": "2026-02-13", "close": 36.150002, "volume": 19825, "typical_volume": 43361.55, "trend": 40.695, "fair_value": 51.026958, "relative_strength": -40.016958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.247668, "energy": 82.605827, "activity_lines": [ 37.59, 38.803637, 39.623571, 40.12914 ] }, { "date": "2026-02-27", "close": 35.5, "volume": 41455, "typical_volume": 41513.8, "trend": 40.471667, "fair_value": 50.975268, "relative_strength": -43.209331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.21673, "energy": 87.46063, "activity_lines": [ 36.703334, 38.055455, 39.183095, 39.793979 ] }, { "date": "2026-03-06", "close": 34.75, "volume": 32074, "typical_volume": 39864.5, "trend": 40.283334, "fair_value": 50.920188, "relative_strength": -40.492505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.141641, "energy": 88.924856, "activity_lines": [ 35.853334, 37.253636, 38.701667, 39.424839 ] }, { "date": "2026-03-13", "close": 29.950001, "volume": 152454, "typical_volume": 43184.1, "trend": 39.935, "fair_value": 50.839442, "relative_strength": -47.499137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.28289, "energy": 97.454219, "activity_lines": [ 33.690001, 35.7, 37.796191, 38.758172 ] }, { "date": "2026-03-20", "close": 29.950001, "volume": 125000, "typical_volume": 47924.0, "trend": 39.558334, "fair_value": 50.750757, "relative_strength": -46.84973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.840556, "energy": 95.058044, "activity_lines": [ 32.063334, 34.370909, 36.941429, 38.113979 ] }, { "date": "2026-03-27", "close": 28.9, "volume": 62292, "typical_volume": 50634.7, "trend": 39.123333, "fair_value": 50.658177, "relative_strength": -47.121292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.741516, "energy": 94.790739, "activity_lines": [ 30.61, 33.059091, 36.034762, 37.426344 ] }, { "date": "2026-04-03", "close": 29.15, "volume": 35219, "typical_volume": 51672.7, "trend": 38.691667, "fair_value": 50.564364, "relative_strength": -44.824417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.312047, "energy": 91.272524, "activity_lines": [ 29.723334, 31.998182, 35.207143, 36.782903 ] }, { "date": "2026-04-10", "close": 27.450001, "volume": 70750, "typical_volume": 54960.2, "trend": 38.151667, "fair_value": 50.462489, "relative_strength": -51.345957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.532417, "energy": 92.331774, "activity_lines": [ 28.693334, 30.821819, 34.269286, 36.057635 ] }, { "date": "2026-04-17", "close": 28.15, "volume": 15000, "typical_volume": 55210.05, "trend": 37.676667, "fair_value": 50.365101, "relative_strength": -51.040428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.089234, "energy": 85.004984, "activity_lines": [ 28.383334, 29.983637, 33.459524, 35.412366 ] }, { "date": "2026-04-24", "close": 28.299999, "volume": 24082, "typical_volume": 54761.4, "trend": 37.213333, "fair_value": 50.268675, "relative_strength": -52.498274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.852841, "energy": 67.188773, "activity_lines": [ 28.243333, 29.351818, 32.718095, 34.807419 ] }, { "date": "2026-05-01", "close": 28.6, "volume": 20000, "typical_volume": 53995.6, "trend": 36.773333, "fair_value": 50.168785, "relative_strength": -51.140455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.048051, "energy": 65.646629, "activity_lines": [ 28.313333, 28.947273, 32.063334, 34.251721 ] }, { "date": "2026-05-08", "close": 28.549999, "volume": 38000, "typical_volume": 53092.15, "trend": 36.328333, "fair_value": 50.076513, "relative_strength": -53.478801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.784405, "energy": 62.979805, "activity_lines": [ 28.386666, 28.670909, 31.464048, 33.721183 ] }, { "date": "2026-05-15", "close": 28.25, "volume": 13000, "typical_volume": 51991.95, "trend": 35.88, "fair_value": 49.985436, "relative_strength": -52.5531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.645955, "energy": 61.407802, "activity_lines": [ 28.4, 28.466363, 30.890952, 33.2 ] }, { "date": "2026-05-22", "close": 27.6, "volume": 26081, "typical_volume": 50545.95, "trend": 35.446667, "fair_value": 49.889626, "relative_strength": -53.973877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.211168, "energy": 62.33155, "activity_lines": [ 28.143333, 28.261818, 30.318571, 32.665807 ] }, { "date": "2026-05-29", "close": 27.9, "volume": 41000, "typical_volume": 52145.95, "trend": 35.041667, "fair_value": 49.79347, "relative_strength": -55.132354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.437409, "energy": 58.998795, "activity_lines": [ 28.023333, 28.154545, 29.844762, 32.178925 ] }, { "date": "2026-06-05", "close": 28.200001, "volume": 21001, "typical_volume": 52946.0, "trend": 34.631667, "fair_value": 49.702073, "relative_strength": -54.046754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.395131, "energy": 56.625085, "activity_lines": [ 28.03, 28.139091, 29.46381, 31.737527 ] }, { "date": "2026-06-12", "close": 28.35, "volume": 31014, "typical_volume": 52796.2, "trend": 34.243333, "fair_value": 49.601148, "relative_strength": -51.860093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.515529, "energy": 57.55359, "activity_lines": [ 28.113334, 28.163636, 29.154286, 31.332258 ] }, { "date": "2026-06-19", "close": 28.75, "volume": 9000, "typical_volume": 49565.0, "trend": 33.856667, "fair_value": 49.511575, "relative_strength": -52.614773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.933256, "energy": 50.583611, "activity_lines": [ 28.343334, 28.275455, 28.937381, 30.97785 ] }, { "date": "2026-06-26", "close": 28.5, "volume": 30000, "typical_volume": 42112.45, "trend": 33.49, "fair_value": 49.418699, "relative_strength": -50.031233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.491604, "energy": 44.677048, "activity_lines": [ 28.456667, 28.318182, 28.745714, 30.632258 ] }, { "date": "2026-07-03", "close": 28.9, "volume": 8010, "typical_volume": 40762.85, "trend": 33.103333, "fair_value": 49.328954, "relative_strength": -50.724382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.244899, "energy": 37.762783, "activity_lines": [ 28.643333, 28.427273, 28.637381, 30.336129 ] }, { "date": "2026-07-10", "close": 28.75, "volume": 4010, "typical_volume": 39972.1, "trend": 32.686667, "fair_value": 49.240231, "relative_strength": -48.37898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.959578, "energy": 33.712955, "activity_lines": [ 28.713333, 28.498182, 28.557143, 30.055269 ] }, { "date": "2026-07-17", "close": 28.700001, "volume": 20000, "typical_volume": 38899.35, "trend": 32.308334, "fair_value": 49.151472, "relative_strength": -44.118606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.454796, "energy": 26.475355, "activity_lines": [ 28.73, 28.557273, 28.507381, 29.798065 ] }, { "date": "2026-07-24", "close": 28.9, "volume": 3000, "typical_volume": 37445.65, "trend": 31.891667, "fair_value": 49.063995, "relative_strength": -43.927253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.196881, "energy": 21.781551, "activity_lines": [ 28.79, 28.65, 28.509048, 29.578172 ] }, { "date": "2026-07-31", "close": 29.200001, "volume": 17000, "typical_volume": 30672.95, "trend": 31.455, "fair_value": 48.986379, "relative_strength": -41.567583, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.219402, "energy": 16.706603, "activity_lines": [ 28.940001, 28.785455, 28.567143, 29.404516 ] }, { "date": "2026-08-07", "close": 29.35, "volume": 8250, "typical_volume": 24835.45, "trend": 31.053333, "fair_value": 48.886478, "relative_strength": -41.710831, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.626958, "energy": 10.651992, "activity_lines": [ 29.093334, 28.919091, 28.643095, 29.26871 ] }, { "date": "2026-08-14", "close": 29.200001, "volume": 4000, "typical_volume": 21920.85, "trend": 30.686667, "fair_value": 48.811413, "relative_strength": -43.009883, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.113315, "energy": 10.965353, "activity_lines": [ 29.166667, 28.999091, 28.707619, 29.14914 ] } ], "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." } } }