{ "ticker": { "uuid": "e48a19bb-d943-4c07-b595-831c52ee26d0", "symbol": "8923", "name": "China Times Publishing Comp.", "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": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 48.016, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -5.666, "architecture_energy": 7.733, "architecture_maturity": 17.362, "architecture_confidence": 44.325, "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": 66.53, "rotation_up": 24.71, "upward_expansion": 17.43, "deceleration": 64.73, "rotation_down": 43.56, "downward_expansion": 37.77 }, "activity_lines": [ 18.786667, 18.887377, 18.803072, 18.807255 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 18.700001, "trend_reference": 18.805708, "distance_from_trend": -0.005621, "trend_direction": "Weakening", "fair_value": 18.159998, "distance_from_fair_value": 0.029736, "fair_value_direction": "Improving", "relative_strength": -30.206016, "relative_strength_direction": "Improving", "price_momentum": -0.023384, "excess_performance": -0.464756, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.005621, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003449, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.029736, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.00957, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.30206, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.043213, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.023384, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.901531, "read": "Supply-led" } ], "volume": { "latest": 72006, "relative_activity": 2.381245, "balance": 0.901531, "dry_up": 1.358462, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.038285, "annualized_volatility": 0.148332, "from_high_reference": -0.155985, "from_low_reference": 0.081832 }, "levels": { "trend_reference": 18.805708, "fair_value_reference": 18.159998, "structural_low": 17.285499, "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": 26, "median_return": 0.0, "positive_rate": 0.461538, "directional_follow_through": 0.461538, "median_excess_return": -0.014537, "regime_survival": 0.576923, "best_return": 0.085529, "worst_return": -0.083333, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.011228, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.048612, "regime_survival": 0.2, "best_return": 0.06326, "worst_return": -0.07455, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.025326, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.097671, "regime_survival": 0.0, "best_return": 0.173761, "worst_return": -0.048304, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.048987, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.018395, "regime_survival": 0.75, "best_return": 0.314746, "worst_return": 0.037326, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-03", "end": "2025-02-21", "tenure": "Developing", "return": -0.010127, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-30", "tenure": "Developing", "return": -0.010076, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.037562, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-12", "tenure": "Developing", "return": -0.010204, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": 0.078534, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-11-21", "tenure": "Developing", "return": 0.002475, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-23", "tenure": "Developing", "return": -0.030151, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": 0.012469, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-05-08", "tenure": "Developing", "return": -0.045, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-15", "end": "2026-06-26", "tenure": "Developing", "return": 0.020725, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": 0.012918, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": -0.036269, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": -0.005319, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 17.479252, "volume": 32000, "typical_volume": 115500.0, "trend": 17.803072, "fair_value": 14.710527, "relative_strength": -6.754668, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.439649, "energy": 11.005761, "activity_lines": [ 17.985386, 17.858776, 17.720375, 17.729359 ] }, { "date": "2023-08-18", "close": 17.170277, "volume": 57000, "typical_volume": 108600.0, "trend": 17.746028, "fair_value": 14.748555, "relative_strength": -7.15172, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.6486, "energy": 7.433222, "activity_lines": [ 17.685238, 17.756675, 17.667612, 17.688534 ] }, { "date": "2023-08-25", "close": 16.331625, "volume": 20000, "typical_volume": 94750.0, "trend": 17.651217, "fair_value": 14.781453, "relative_strength": -12.122214, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.304801, "energy": 32.355545, "activity_lines": [ 17.161448, 17.513328, 17.542726, 17.597282 ] }, { "date": "2023-09-01", "close": 17.214417, "volume": 20000, "typical_volume": 70550.0, "trend": 17.620876, "fair_value": 14.819764, "relative_strength": -8.241288, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.644436, "energy": 29.250967, "activity_lines": [ 17.02903, 17.447032, 17.512056, 17.569101 ] }, { "date": "2023-09-08", "close": 16.861301, "volume": 39000, "typical_volume": 56500.0, "trend": 17.646048, "fair_value": 14.855812, "relative_strength": -9.621338, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.180213, "energy": 38.615831, "activity_lines": [ 16.931924, 17.314734, 17.448887, 17.520097 ] }, { "date": "2023-09-15", "close": 16.728882, "volume": 11000, "typical_volume": 51050.0, "trend": 17.592514, "fair_value": 14.892726, "relative_strength": -12.041206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.64634, "energy": 41.823803, "activity_lines": [ 16.837759, 17.161449, 17.377319, 17.460924 ] }, { "date": "2023-09-22", "close": 16.949581, "volume": 11000, "typical_volume": 49350.0, "trend": 17.556148, "fair_value": 14.92983, "relative_strength": -7.697111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.278482, "energy": 27.665079, "activity_lines": [ 16.867186, 17.067553, 17.329212, 17.419445 ] }, { "date": "2023-09-29", "close": 16.06679, "volume": 15000, "typical_volume": 48900.0, "trend": 17.487553, "fair_value": 14.960785, "relative_strength": -12.383639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.744246, "energy": 36.544641, "activity_lines": [ 16.617063, 16.832409, 17.197819, 17.323357 ] }, { "date": "2023-10-06", "close": 16.993719, "volume": 14000, "typical_volume": 45200.0, "trend": 17.463873, "fair_value": 14.998172, "relative_strength": -8.148106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.20782, "energy": 27.012579, "activity_lines": [ 16.693571, 16.797098, 17.161501, 17.291497 ] }, { "date": "2023-10-13", "close": 16.243347, "volume": 4000, "typical_volume": 43650.0, "trend": 17.419386, "fair_value": 15.030013, "relative_strength": -13.416499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.361618, "energy": 33.883364, "activity_lines": [ 16.534668, 16.6711, 17.057702, 17.212753 ] }, { "date": "2023-10-20", "close": 16.243347, "volume": 9000, "typical_volume": 43050.0, "trend": 17.3763, "fair_value": 15.0621, "relative_strength": -11.364319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.001546, "energy": 36.369137, "activity_lines": [ 16.416963, 16.569177, 16.959858, 17.13688 ] }, { "date": "2023-10-27", "close": 16.419905, "volume": 26000, "typical_volume": 38750.0, "trend": 17.297047, "fair_value": 15.096543, "relative_strength": -8.286927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.674922, "energy": 27.571249, "activity_lines": [ 16.390479, 16.521828, 16.884985, 17.075177 ] }, { "date": "2023-11-03", "close": 15.89023, "volume": 27000, "typical_volume": 38550.0, "trend": 17.211352, "fair_value": 15.126366, "relative_strength": -12.767544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.713738, "energy": 39.906564, "activity_lines": [ 16.222748, 16.391816, 16.766182, 16.984415 ] }, { "date": "2023-11-10", "close": 16.243347, "volume": 12000, "typical_volume": 38800.0, "trend": 17.17107, "fair_value": 15.158453, "relative_strength": -11.473762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.839167, "energy": 31.885395, "activity_lines": [ 16.184494, 16.334034, 16.687443, 16.921963 ] }, { "date": "2023-11-17", "close": 18.362043, "volume": 157000, "typical_volume": 45650.0, "trend": 17.191599, "fair_value": 15.203876, "relative_strength": -2.963928, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.941501, "energy": 7.446042, "activity_lines": [ 16.902497, 16.679124, 16.814639, 16.9988 ] }, { "date": "2023-11-24", "close": 17.788231, "volume": 135000, "typical_volume": 47350.0, "trend": 17.209822, "fair_value": 15.245621, "relative_strength": -6.237194, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.667127, "energy": 13.091119, "activity_lines": [ 17.287982, 16.892599, 16.880848, 17.037292 ] }, { "date": "2023-12-01", "close": 17.435112, "volume": 22000, "typical_volume": 37400.0, "trend": 17.220479, "fair_value": 15.284857, "relative_strength": -8.402298, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.595075, "energy": 17.233275, "activity_lines": [ 17.452769, 17.02261, 16.913427, 17.051827 ] }, { "date": "2023-12-08", "close": 16.596462, "volume": 25000, "typical_volume": 35950.0, "trend": 17.190566, "fair_value": 15.318717, "relative_strength": -12.108785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.690318, "energy": 13.759929, "activity_lines": [ 17.270326, 16.991311, 16.868867, 17.011568 ] }, { "date": "2023-12-15", "close": 19.465532, "volume": 41000, "typical_volume": 36100.0, "trend": 17.245074, "fair_value": 15.369988, "relative_strength": 1.645856, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.592561, "energy": 41.900002, "activity_lines": [ 17.997157, 17.47203, 17.103227, 17.15834 ] }, { "date": "2023-12-22", "close": 17.920649, "volume": 98000, "typical_volume": 38750.0, "trend": 17.2593, "fair_value": 15.410867, "relative_strength": -5.617044, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 13.561301, "energy": 27.775933, "activity_lines": [ 17.994214, 17.62692, 17.190665, 17.201925 ] }, { "date": "2023-12-29", "close": 17.435112, "volume": 80000, "typical_volume": 41150.0, "trend": 17.25594, "fair_value": 15.448142, "relative_strength": -9.428964, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.99239, "energy": 16.670942, "activity_lines": [ 17.858853, 17.663034, 17.23018, 17.213268 ] }, { "date": "2024-01-05", "close": 17.214417, "volume": 57000, "typical_volume": 41150.0, "trend": 17.236813, "fair_value": 15.483514, "relative_strength": -8.034774, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.473798, "energy": 14.858413, "activity_lines": [ 17.673467, 17.637353, 17.248887, 17.210589 ] }, { "date": "2024-01-12", "close": 17.081999, "volume": 11000, "typical_volume": 40700.0, "trend": 17.231495, "fair_value": 15.519261, "relative_strength": -8.339514, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.597724, "energy": 2.918163, "activity_lines": [ 17.458655, 17.57315, 17.254772, 17.200601 ] }, { "date": "2024-01-19", "close": 18.229624, "volume": 96000, "typical_volume": 44500.0, "trend": 17.268636, "fair_value": 15.561385, "relative_strength": -2.687869, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.922103, "energy": 6.186752, "activity_lines": [ 17.594016, 17.695938, 17.366382, 17.264996 ] }, { "date": "2024-01-26", "close": 17.479252, "volume": 82000, "typical_volume": 46650.0, "trend": 17.283568, "fair_value": 15.599924, "relative_strength": -7.79553, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.391451, "energy": 2.897138, "activity_lines": [ 17.561647, 17.646181, 17.401694, 17.278585 ] }, { "date": "2024-02-02", "close": 17.567533, "volume": 17000, "typical_volume": 46950.0, "trend": 17.276212, "fair_value": 15.638784, "relative_strength": -7.343344, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.826386, "energy": 12.91126, "activity_lines": [ 17.588131, 17.628525, 17.44247, 17.296905 ] }, { "date": "2024-02-09", "close": 17.435112, "volume": 3000, "typical_volume": 46550.0, "trend": 17.257084, "fair_value": 15.67704, "relative_strength": -8.107846, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.016387, "energy": 14.019786, "activity_lines": [ 17.561646, 17.590805, 17.466642, 17.307157 ] }, { "date": "2024-02-16", "close": 17.346834, "volume": 10000, "typical_volume": 46300.0, "trend": 17.242371, "fair_value": 15.71473, "relative_strength": -10.671616, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.156601, "energy": 11.656522, "activity_lines": [ 17.491023, 17.537035, 17.480094, 17.312947 ] }, { "date": "2024-02-23", "close": 18.141346, "volume": 214000, "typical_volume": 56300.0, "trend": 17.19676, "fair_value": 15.758248, "relative_strength": -7.628729, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.138088, "energy": 20.706415, "activity_lines": [ 17.667581, 17.614079, 17.563118, 17.370945 ] }, { "date": "2024-03-01", "close": 18.406183, "volume": 215000, "typical_volume": 66850.0, "trend": 17.224715, "fair_value": 15.801994, "relative_strength": -6.183295, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.928689, "energy": 31.607931, "activity_lines": [ 17.938304, 17.763351, 17.6659, 17.448972 ] }, { "date": "2024-03-08", "close": 18.891718, "volume": 91000, "typical_volume": 70950.0, "trend": 17.271798, "fair_value": 15.848607, "relative_strength": -7.524045, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.14713, "energy": 46.687252, "activity_lines": [ 18.309076, 17.992074, 17.804624, 17.556521 ] }, { "date": "2024-03-15", "close": 18.935858, "volume": 142000, "typical_volume": 76750.0, "trend": 17.33065, "fair_value": 15.895258, "relative_strength": -6.518285, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.563242, "energy": 56.700342, "activity_lines": [ 18.606282, 18.202339, 17.934941, 17.66388 ] }, { "date": "2024-03-22", "close": 19.112415, "volume": 183000, "typical_volume": 84550.0, "trend": 17.423343, "fair_value": 15.94255, "relative_strength": -7.9229, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.755552, "energy": 59.288373, "activity_lines": [ 18.862292, 18.413406, 18.070092, 17.778832 ] }, { "date": "2024-03-29", "close": 18.406183, "volume": 84000, "typical_volume": 88150.0, "trend": 17.463069, "fair_value": 15.984826, "relative_strength": -11.151422, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.585472, "energy": 52.337107, "activity_lines": [ 18.765185, 18.45915, 18.122639, 17.842241 ] }, { "date": "2024-04-05", "close": 17.699951, "volume": 60000, "typical_volume": 83300.0, "trend": 17.491024, "fair_value": 16.022329, "relative_strength": -14.264595, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.038723, "energy": 27.11771, "activity_lines": [ 18.415011, 18.373279, 18.097627, 17.857524 ] }, { "date": "2024-04-12", "close": 17.611671, "volume": 16000, "typical_volume": 77350.0, "trend": 17.52045, "fair_value": 16.055346, "relative_strength": -15.94136, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.61201, "energy": 13.279972, "activity_lines": [ 18.082493, 18.267344, 18.06736, 17.865308 ] }, { "date": "2024-04-19", "close": 17.96479, "volume": 328000, "typical_volume": 92650.0, "trend": 17.55429, "fair_value": 16.089647, "relative_strength": -8.566955, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.392373, "energy": 19.381262, "activity_lines": [ 17.953018, 18.22481, 18.071564, 17.893975 ] }, { "date": "2024-04-26", "close": 17.832371, "volume": 47000, "typical_volume": 93750.0, "trend": 17.613143, "fair_value": 16.120648, "relative_strength": -11.544911, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.742222, "energy": 19.087852, "activity_lines": [ 17.844141, 18.148569, 18.060634, 17.911916 ] }, { "date": "2024-05-03", "close": 19.421392, "volume": 15000, "typical_volume": 92450.0, "trend": 17.694066, "fair_value": 16.161346, "relative_strength": -4.400077, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.667893, "energy": 20.935932, "activity_lines": [ 18.350274, 18.352414, 18.195154, 18.028577 ] }, { "date": "2024-05-10", "close": 17.523394, "volume": 51000, "typical_volume": 90100.0, "trend": 17.736734, "fair_value": 16.190367, "relative_strength": -14.856866, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.497047, "energy": 8.073742, "activity_lines": [ 18.15606, 18.187894, 18.149123, 18.017566 ] }, { "date": "2024-05-17", "close": 17.611671, "volume": 8000, "typical_volume": 86500.0, "trend": 17.782345, "fair_value": 16.217503, "relative_strength": -16.196242, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.955065, "energy": 3.12781, "activity_lines": [ 18.003043, 18.055475, 18.113391, 18.009497 ] }, { "date": "2024-05-24", "close": 19.288975, "volume": 40000, "typical_volume": 85650.0, "trend": 17.87798, "fair_value": 16.260782, "relative_strength": -9.228821, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.553547, "energy": 27.840168, "activity_lines": [ 18.409126, 18.251294, 18.236562, 18.106699 ] }, { "date": "2024-05-31", "close": 19.509672, "volume": 94000, "typical_volume": 89800.0, "trend": 17.998628, "fair_value": 16.307191, "relative_strength": -6.259797, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 55.327102, "energy": 34.621087, "activity_lines": [ 18.800497, 18.48082, 18.370872, 18.211969 ] }, { "date": "2024-06-07", "close": 17.96479, "volume": 210000, "typical_volume": 95500.0, "trend": 18.05601, "fair_value": 16.341982, "relative_strength": -16.003862, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 37.15829, "energy": 25.275261, "activity_lines": [ 18.565087, 18.422235, 18.34649, 18.209786 ] }, { "date": "2024-06-14", "close": 17.744093, "volume": 247000, "typical_volume": 103750.0, "trend": 18.035411, "fair_value": 16.372908, "relative_strength": -19.086451, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 29.47734, "energy": 18.052257, "activity_lines": [ 18.353217, 18.331549, 18.302351, 18.189663 ] }, { "date": "2024-06-21", "close": 17.788231, "volume": 447000, "typical_volume": 125250.0, "trend": 18.035411, "fair_value": 16.404361, "relative_strength": -21.138861, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.872067, "energy": 4.654876, "activity_lines": [ 18.141348, 18.248085, 18.261154, 18.173716 ] }, { "date": "2024-06-28", "close": 17.920649, "volume": 309000, "typical_volume": 140550.0, "trend": 18.051596, "fair_value": 16.435438, "relative_strength": -19.423547, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.975025, "energy": 12.766954, "activity_lines": [ 17.961847, 18.185487, 18.231518, 18.166312 ] }, { "date": "2024-07-05", "close": 18.040709, "volume": 127000, "typical_volume": 146400.0, "trend": 18.099738, "fair_value": 16.466795, "relative_strength": -20.210003, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.40862, "energy": 11.92026, "activity_lines": [ 17.913587, 18.14552, 18.211003, 18.165609 ] }, { "date": "2024-07-12", "close": 18.316139, "volume": 44000, "typical_volume": 137900.0, "trend": 18.061424, "fair_value": 16.500898, "relative_strength": -19.768445, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -4.920675, "energy": 5.855437, "activity_lines": [ 18.055069, 18.151844, 18.213416, 18.179571 ] }, { "date": "2024-07-19", "close": 17.627563, "volume": 48000, "typical_volume": 129550.0, "trend": 18.051655, "fair_value": 16.529851, "relative_strength": -18.7996, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.400215, "energy": 13.565669, "activity_lines": [ 17.943602, 18.053068, 18.149418, 18.15158 ] }, { "date": "2024-07-26", "close": 17.306229, "volume": 64000, "typical_volume": 128200.0, "trend": 18.047359, "fair_value": 16.556745, "relative_strength": -16.995085, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.17537, "energy": 16.730428, "activity_lines": [ 17.732792, 17.893973, 18.058525, 18.103488 ] }, { "date": "2024-08-02", "close": 17.902994, "volume": 62000, "typical_volume": 124200.0, "trend": 18.070311, "fair_value": 16.587954, "relative_strength": -11.83582, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.594148, "energy": 11.495665, "activity_lines": [ 17.753037, 17.848935, 18.032016, 18.094174 ] }, { "date": "2024-08-09", "close": 17.535753, "volume": 32000, "typical_volume": 116650.0, "trend": 18.085437, "fair_value": 16.620975, "relative_strength": -12.541053, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.357715, "energy": 32.178479, "activity_lines": [ 17.652046, 17.762325, 17.97545, 18.059686 ] }, { "date": "2024-08-16", "close": 17.811182, "volume": 73000, "typical_volume": 116100.0, "trend": 18.071488, "fair_value": 16.656006, "relative_strength": -14.222716, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.814451, "energy": 25.38275, "activity_lines": [ 17.676528, 17.761683, 17.952623, 18.041992 ] }, { "date": "2024-08-23", "close": 17.581657, "volume": 20000, "typical_volume": 114100.0, "trend": 18.074902, "fair_value": 16.689321, "relative_strength": -14.246718, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.962979, "energy": 20.969075, "activity_lines": [ 17.658166, 17.722102, 17.910771, 18.01039 ] }, { "date": "2024-08-30", "close": 18.132519, "volume": 65000, "typical_volume": 116550.0, "trend": 18.093735, "fair_value": 16.723471, "relative_strength": -11.592856, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.168559, "energy": 12.98737, "activity_lines": [ 17.826485, 17.78563, 17.921944, 18.014107 ] }, { "date": "2024-09-06", "close": 17.474849, "volume": 54000, "typical_volume": 102850.0, "trend": 18.095059, "fair_value": 16.755856, "relative_strength": -11.113963, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.394832, "energy": 18.906566, "activity_lines": [ 17.720494, 17.723323, 17.868002, 17.974179 ] }, { "date": "2024-09-13", "close": 16.697172, "volume": 77000, "typical_volume": 104350.0, "trend": 18.073404, "fair_value": 16.783256, "relative_strength": -15.946008, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.68312, "energy": 36.20492, "activity_lines": [ 17.383821, 17.527725, 17.742329, 17.883993 ] }, { "date": "2024-09-20", "close": 16.788664, "volume": 51000, "typical_volume": 106150.0, "trend": 18.028315, "fair_value": 16.807077, "relative_strength": -16.518809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.901127, "energy": 44.422316, "activity_lines": [ 17.13355, 17.373191, 17.630775, 17.801107 ] }, { "date": "2024-09-27", "close": 17.154629, "volume": 44000, "typical_volume": 105800.0, "trend": 17.986596, "fair_value": 16.833437, "relative_strength": -16.771368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.530624, "energy": 47.293498, "activity_lines": [ 17.073436, 17.312967, 17.566611, 17.74474 ] }, { "date": "2024-10-04", "close": 17.489847, "volume": 76000, "typical_volume": 109200.0, "trend": 17.939867, "fair_value": 16.862204, "relative_strength": -12.711924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.538395, "energy": 40.553106, "activity_lines": [ 17.153529, 17.322291, 17.53613, 17.712691 ] }, { "date": "2024-10-11", "close": 17.200374, "volume": 38000, "typical_volume": 109100.0, "trend": 17.882018, "fair_value": 16.886019, "relative_strength": -16.011829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.598863, "energy": 30.007695, "activity_lines": [ 17.179976, 17.275645, 17.478659, 17.664982 ] }, { "date": "2024-10-18", "close": 17.673468, "volume": 77000, "typical_volume": 108250.0, "trend": 17.834053, "fair_value": 16.914672, "relative_strength": -15.425124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.807332, "energy": 14.695451, "activity_lines": [ 17.38242, 17.327791, 17.476191, 17.651527 ] }, { "date": "2024-10-25", "close": 17.520594, "volume": 120000, "typical_volume": 103750.0, "trend": 17.804533, "fair_value": 16.941314, "relative_strength": -15.168092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.718624, "energy": 14.207314, "activity_lines": [ 17.468819, 17.349638, 17.467907, 17.631304 ] }, { "date": "2024-11-01", "close": 17.429102, "volume": 349000, "typical_volume": 108850.0, "trend": 17.795505, "fair_value": 16.966853, "relative_strength": -13.132582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.224364, "energy": 13.431022, "activity_lines": [ 17.475926, 17.360134, 17.453024, 17.607083 ] }, { "date": "2024-11-08", "close": 17.581657, "volume": 119000, "typical_volume": 92450.0, "trend": 17.794504, "fair_value": 16.992596, "relative_strength": -14.828505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.495645, "energy": 14.350702, "activity_lines": [ 17.515586, 17.40114, 17.454171, 17.593286 ] }, { "date": "2024-11-15", "close": 17.076702, "volume": 92000, "typical_volume": 81600.0, "trend": 17.764901, "fair_value": 17.01794, "relative_strength": -13.725787, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.225983, "energy": 17.380444, "activity_lines": [ 17.380807, 17.360352, 17.408211, 17.546976 ] }, { "date": "2024-11-22", "close": 17.063137, "volume": 104303, "typical_volume": 80465.15, "trend": 17.73926, "fair_value": 17.040359, "relative_strength": -13.861819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.014401, "energy": 27.151795, "activity_lines": [ 17.249751, 17.324337, 17.364977, 17.501701 ] }, { "date": "2024-11-29", "close": 16.525841, "volume": 20000, "typical_volume": 79265.15, "trend": 17.642742, "fair_value": 17.061914, "relative_strength": -13.674795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.005036, "energy": 48.701593, "activity_lines": [ 16.980285, 17.183977, 17.275227, 17.423416 ] }, { "date": "2024-12-06", "close": 16.984892, "volume": 10000, "typical_volume": 77365.15, "trend": 17.624792, "fair_value": 17.082283, "relative_strength": -14.411774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.751812, "energy": 47.857473, "activity_lines": [ 16.930153, 17.13186, 17.237722, 17.380974 ] }, { "date": "2024-12-13", "close": 18.270235, "volume": 88000, "typical_volume": 78565.15, "trend": 17.646744, "fair_value": 17.111149, "relative_strength": -6.597808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.520445, "energy": 7.864448, "activity_lines": [ 17.338083, 17.316528, 17.325691, 17.422616 ] }, { "date": "2024-12-20", "close": 17.840814, "volume": 83000, "typical_volume": 79615.15, "trend": 17.598472, "fair_value": 17.137779, "relative_strength": -6.246556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.956818, "energy": 7.711637, "activity_lines": [ 17.556967, 17.408931, 17.368172, 17.435136 ] }, { "date": "2024-12-27", "close": 17.673468, "volume": 89000, "typical_volume": 82465.15, "trend": 17.537265, "fair_value": 17.162562, "relative_strength": -9.742734, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.622221, "energy": 14.58139, "activity_lines": [ 17.669128, 17.459263, 17.395011, 17.439975 ] }, { "date": "2025-01-03", "close": 18.132519, "volume": 104000, "typical_volume": 84015.15, "trend": 17.542856, "fair_value": 17.190546, "relative_strength": -5.500578, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.576002, "energy": 24.687132, "activity_lines": [ 17.893618, 17.593058, 17.464914, 17.478378 ] }, { "date": "2025-01-10", "close": 18.407949, "volume": 153000, "typical_volume": 90665.15, "trend": 17.564985, "fair_value": 17.219263, "relative_strength": -4.110577, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.296384, "energy": 44.059054, "activity_lines": [ 18.102806, 17.765806, 17.559518, 17.534191 ] }, { "date": "2025-01-17", "close": 17.719374, "volume": 130000, "typical_volume": 93915.15, "trend": 17.562689, "fair_value": 17.245114, "relative_strength": -7.67553, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.383688, "energy": 30.847118, "activity_lines": [ 17.987598, 17.795561, 17.584609, 17.544151 ] }, { "date": "2025-01-24", "close": 17.627563, "volume": 35000, "typical_volume": 92965.15, "trend": 17.55292, "fair_value": 17.269861, "relative_strength": -9.15921, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.287678, "energy": 18.923217, "activity_lines": [ 17.878511, 17.806119, 17.602923, 17.548337 ] }, { "date": "2025-02-07", "close": 17.902994, "volume": 70252, "typical_volume": 92627.75, "trend": 17.548329, "fair_value": 17.292245, "relative_strength": -7.0993, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 48.457346, "energy": 23.637929, "activity_lines": [ 17.875451, 17.85674, 17.646741, 17.570922 ] }, { "date": "2025-02-14", "close": 17.994804, "volume": 52333, "typical_volume": 92694.4, "trend": 17.537618, "fair_value": 17.310314, "relative_strength": -4.894455, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 39.03281, "energy": 17.214826, "activity_lines": [ 17.887692, 17.908783, 17.693562, 17.599727 ] }, { "date": "2025-02-21", "close": 17.948896, "volume": 174001, "typical_volume": 99194.45, "trend": 17.548329, "fair_value": 17.332476, "relative_strength": -7.061561, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 37.437609, "energy": 17.323433, "activity_lines": [ 17.893812, 17.925771, 17.730266, 17.626261 ] }, { "date": "2025-02-28", "close": 18.270235, "volume": 88042, "typical_volume": 99796.55, "trend": 17.580463, "fair_value": 17.351279, "relative_strength": -2.231371, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.622447, "energy": 25.570784, "activity_lines": [ 18.037648, 17.983657, 17.793792, 17.672836 ] }, { "date": "2025-03-07", "close": 18.545666, "volume": 35001, "typical_volume": 99646.6, "trend": 17.601885, "fair_value": 17.368234, "relative_strength": 1.703105, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.847392, "energy": 36.560609, "activity_lines": [ 18.236571, 18.091622, 17.879834, 17.735107 ] }, { "date": "2025-03-14", "close": 18.59157, "volume": 52281, "typical_volume": 98410.65, "trend": 17.637079, "fair_value": 17.389871, "relative_strength": 5.048142, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.329615, "energy": 42.126539, "activity_lines": [ 18.389588, 18.195117, 17.963841, 17.798957 ] }, { "date": "2025-03-21", "close": 18.132519, "volume": 57182, "typical_volume": 95269.75, "trend": 17.64779, "fair_value": 17.408307, "relative_strength": 1.695858, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.290536, "energy": 39.161264, "activity_lines": [ 18.343683, 18.198455, 17.999757, 17.830921 ] }, { "date": "2025-03-28", "close": 18.362045, "volume": 15000, "typical_volume": 78569.75, "trend": 17.673803, "fair_value": 17.419957, "relative_strength": 6.114098, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.771229, "energy": 36.558148, "activity_lines": [ 18.365105, 18.243526, 18.054619, 17.877002 ] }, { "date": "2025-04-04", "close": 17.811182, "volume": 17172, "typical_volume": 73478.35, "trend": 17.663092, "fair_value": 17.42756, "relative_strength": 4.580548, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.011321, "energy": 17.09676, "activity_lines": [ 18.175364, 18.189274, 18.052575, 17.885865 ] }, { "date": "2025-04-11", "close": 18.270235, "volume": 75210, "typical_volume": 72638.85, "trend": 17.689605, "fair_value": 17.435267, "relative_strength": 16.812632, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.237461, "energy": 14.857641, "activity_lines": [ 18.169243, 18.216817, 18.093157, 17.925036 ] }, { "date": "2025-04-18", "close": 18.224331, "volume": 45633, "typical_volume": 69705.35, "trend": 17.74051, "fair_value": 17.447583, "relative_strength": 17.06868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.678329, "energy": 14.433817, "activity_lines": [ 18.166183, 18.22433, 18.123684, 17.959534 ] }, { "date": "2025-04-25", "close": 17.627563, "volume": 118081, "typical_volume": 74609.4, "trend": 17.768474, "fair_value": 17.454267, "relative_strength": 10.600603, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.777657, "energy": 10.797663, "activity_lines": [ 17.988684, 18.117496, 18.091846, 17.952247 ] }, { "date": "2025-05-02", "close": 17.85709, "volume": 21000, "typical_volume": 75159.4, "trend": 17.791889, "fair_value": 17.457519, "relative_strength": 7.179606, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.676937, "energy": 8.215876, "activity_lines": [ 17.921356, 18.059071, 18.076622, 17.957965 ] }, { "date": "2025-05-09", "close": 18.224331, "volume": 58100, "typical_volume": 73664.4, "trend": 17.816372, "fair_value": 17.463642, "relative_strength": 8.936941, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.243607, "energy": 9.816147, "activity_lines": [ 18.010107, 18.069087, 18.09222, 17.985864 ] }, { "date": "2025-05-16", "close": 18.362045, "volume": 107274, "typical_volume": 74878.1, "trend": 17.855094, "fair_value": 17.476582, "relative_strength": 5.107924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.84308, "energy": 14.279193, "activity_lines": [ 18.117218, 18.104977, 18.121153, 18.021069 ] }, { "date": "2025-05-23", "close": 17.719374, "volume": 120778, "typical_volume": 76467.0, "trend": 17.856624, "fair_value": 17.478951, "relative_strength": 2.350825, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.919894, "energy": 4.427004, "activity_lines": [ 18.003986, 18.027355, 18.086396, 18.012313 ] }, { "date": "2025-05-30", "close": 18.040709, "volume": 17072, "typical_volume": 72120.6, "trend": 17.873961, "fair_value": 17.489832, "relative_strength": 5.821061, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.751341, "energy": 10.849117, "activity_lines": [ 18.031529, 18.024017, 18.082024, 18.024189 ] }, { "date": "2025-06-06", "close": 18.178423, "volume": 190061, "typical_volume": 73973.65, "trend": 17.898939, "fair_value": 17.49566, "relative_strength": 5.294569, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.890882, "energy": 12.089552, "activity_lines": [ 18.077433, 18.047386, 18.091205, 18.043832 ] }, { "date": "2025-06-13", "close": 18.316139, "volume": 88000, "typical_volume": 71873.65, "trend": 17.923421, "fair_value": 17.500049, "relative_strength": 4.090705, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.389743, "energy": 14.061796, "activity_lines": [ 18.14782, 18.099134, 18.114594, 18.070748 ] }, { "date": "2025-06-20", "close": 18.132519, "volume": 15001, "typical_volume": 70873.7, "trend": 17.958615, "fair_value": 17.509453, "relative_strength": 3.089735, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.6027, "energy": 14.539197, "activity_lines": [ 18.150881, 18.108315, 18.117655, 18.084238 ] }, { "date": "2025-06-27", "close": 18.086615, "volume": 12090, "typical_volume": 67965.6, "trend": 17.992731, "fair_value": 17.517016, "relative_strength": 0.308292, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.716644, "energy": 13.482383, "activity_lines": [ 18.153942, 18.111653, 18.113939, 18.092496 ] }, { "date": "2025-07-04", "close": 18.362045, "volume": 6002, "typical_volume": 65649.05, "trend": 18.053938, "fair_value": 17.525053, "relative_strength": 1.893889, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.613043, "energy": 23.640251, "activity_lines": [ 18.22433, 18.167574, 18.13558, 18.116323 ] }, { "date": "2025-07-11", "close": 18.86125, "volume": 118974, "typical_volume": 62897.7, "trend": 18.116483, "fair_value": 17.540419, "relative_strength": 3.570283, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.599585, "energy": 39.137003, "activity_lines": [ 18.439697, 18.300905, 18.203015, 18.168408 ] }, { "date": "2025-07-18", "close": 18.718, "volume": 23133, "typical_volume": 59652.25, "trend": 18.131409, "fair_value": 17.547997, "relative_strength": -0.078039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.902428, "energy": 44.219171, "activity_lines": [ 18.561792, 18.389933, 18.252463, 18.207215 ] }, { "date": "2025-07-25", "close": 18.574751, "volume": 35469, "typical_volume": 59675.65, "trend": 18.155873, "fair_value": 17.555195, "relative_strength": -0.820797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.968203, "energy": 44.748948, "activity_lines": [ 18.609347, 18.44394, 18.286137, 18.235818 ] }, { "date": "2025-08-01", "close": 19.099999, "volume": 37454, "typical_volume": 58934.3, "trend": 18.203424, "fair_value": 17.569804, "relative_strength": 1.599567, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.076426, "energy": 52.098165, "activity_lines": [ 18.802503, 18.58958, 18.369695, 18.296729 ] }, { "date": "2025-08-08", "close": 19.004499, "volume": 110223, "typical_volume": 61586.35, "trend": 18.23249, "fair_value": 17.586227, "relative_strength": -1.292535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.732328, "energy": 46.612351, "activity_lines": [ 18.896266, 18.692753, 18.441737, 18.348411 ] }, { "date": "2025-08-15", "close": 19.05225, "volume": 52001, "typical_volume": 63436.4, "trend": 18.253967, "fair_value": 17.603495, "relative_strength": -2.238799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.117964, "energy": 39.099846, "activity_lines": [ 18.963116, 18.787085, 18.514174, 18.401299 ] }, { "date": "2025-08-22", "close": 18.526999, "volume": 50217, "typical_volume": 65088.65, "trend": 18.280888, "fair_value": 17.618204, "relative_strength": -2.613201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.740216, "energy": 29.123802, "activity_lines": [ 18.842149, 18.770029, 18.533301, 18.418914 ] }, { "date": "2025-08-29", "close": 18.956751, "volume": 44003, "typical_volume": 63528.3, "trend": 18.325194, "fair_value": 17.63513, "relative_strength": -2.25491, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.980967, "energy": 27.667866, "activity_lines": [ 18.877167, 18.827276, 18.589948, 18.462518 ] }, { "date": "2025-09-05", "close": 18.86125, "volume": 1000, "typical_volume": 61296.65, "trend": 18.357136, "fair_value": 17.652252, "relative_strength": -3.683061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.742896, "energy": 25.721997, "activity_lines": [ 18.854883, 18.852173, 18.634231, 18.497102 ] }, { "date": "2025-09-12", "close": 18.526999, "volume": 30000, "typical_volume": 56892.6, "trend": 18.374876, "fair_value": 17.6675, "relative_strength": -8.83688, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.560249, "energy": 16.162783, "activity_lines": [ 18.7371, 18.802213, 18.643647, 18.508061 ] }, { "date": "2025-09-19", "close": 18.240499, "volume": 7000, "typical_volume": 56192.6, "trend": 18.384596, "fair_value": 17.684687, "relative_strength": -10.493605, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.679761, "energy": 11.882854, "activity_lines": [ 18.555649, 18.697163, 18.621494, 18.499392 ] }, { "date": "2025-09-26", "close": 19.673, "volume": 142155, "typical_volume": 60395.35, "trend": 18.431355, "fair_value": 17.711595, "relative_strength": -3.498305, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.345553, "energy": 27.758355, "activity_lines": [ 18.905816, 18.863854, 18.733944, 18.582515 ] }, { "date": "2025-10-03", "close": 19.291, "volume": 158946, "typical_volume": 62978.95, "trend": 18.456199, "fair_value": 17.736054, "relative_strength": -9.480014, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.557675, "energy": 25.436651, "activity_lines": [ 19.05225, 18.943727, 18.803115, 18.637975 ] }, { "date": "2025-10-10", "close": 19.529751, "volume": 6001, "typical_volume": 57240.1, "trend": 18.487472, "fair_value": 17.766357, "relative_strength": -10.025481, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.668038, "energy": 41.107373, "activity_lines": [ 19.255983, 19.053986, 18.890601, 18.707237 ] }, { "date": "2025-10-17", "close": 20.055, "volume": 132257, "typical_volume": 62999.35, "trend": 18.551555, "fair_value": 17.800566, "relative_strength": -7.570258, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.725435, "energy": 60.905012, "activity_lines": [ 19.590234, 19.251932, 19.019489, 18.808368 ] }, { "date": "2025-10-24", "close": 19.911751, "volume": 58206, "typical_volume": 56406.6, "trend": 18.603212, "fair_value": 17.831161, "relative_strength": -8.93226, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.338343, "energy": 56.643137, "activity_lines": [ 19.774867, 19.404732, 19.125143, 18.896122 ] }, { "date": "2025-10-31", "close": 19.577499, "volume": 13924, "typical_volume": 52702.8, "trend": 18.662089, "fair_value": 17.851526, "relative_strength": -12.563772, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.189344, "energy": 53.494947, "activity_lines": [ 19.736667, 19.481132, 19.190709, 18.95898 ] }, { "date": "2025-11-07", "close": 19.529751, "volume": 77161, "typical_volume": 55810.8, "trend": 18.704073, "fair_value": 17.871586, "relative_strength": -10.814161, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.019021, "energy": 40.007695, "activity_lines": [ 19.688917, 19.52975, 19.245721, 19.014958 ] }, { "date": "2025-11-14", "close": 19.481998, "volume": 102001, "typical_volume": 60306.35, "trend": 18.745995, "fair_value": 17.899426, "relative_strength": -10.13055, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.843586, "energy": 28.634643, "activity_lines": [ 19.609333, 19.559268, 19.289532, 19.065146 ] }, { "date": "2025-11-21", "close": 19.338749, "volume": 20005, "typical_volume": 61006.5, "trend": 18.803035, "fair_value": 17.926348, "relative_strength": -7.49965, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.92797, "energy": 18.447563, "activity_lines": [ 19.485183, 19.551454, 19.313056, 19.103389 ] }, { "date": "2025-11-28", "close": 19.004499, "volume": 22262, "typical_volume": 56170.9, "trend": 18.841281, "fair_value": 17.941962, "relative_strength": -12.89818, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.731127, "energy": 13.809168, "activity_lines": [ 19.297366, 19.468109, 19.300095, 19.116386 ] }, { "date": "2025-12-05", "close": 19.004499, "volume": 14561, "typical_volume": 55742.3, "trend": 18.867287, "fair_value": 17.940054, "relative_strength": -13.869042, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.856703, "energy": 13.026832, "activity_lines": [ 19.170032, 19.370872, 19.286452, 19.126917 ] }, { "date": "2025-12-12", "close": 18.718, "volume": 8200, "typical_volume": 54378.85, "trend": 18.879152, "fair_value": 17.941971, "relative_strength": -15.679829, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.576982, "energy": 10.000215, "activity_lines": [ 18.985399, 19.233699, 19.244159, 19.117285 ] }, { "date": "2025-12-19", "close": 19.577499, "volume": 6100, "typical_volume": 52811.15, "trend": 18.94109, "fair_value": 17.950475, "relative_strength": -10.019782, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.410267, "energy": 12.04187, "activity_lines": [ 19.141383, 19.263217, 19.283041, 19.16234 ] }, { "date": "2025-12-26", "close": 18.622499, "volume": 10000, "typical_volume": 47800.0, "trend": 18.960483, "fair_value": 17.953127, "relative_strength": -16.699397, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.099217, "energy": 7.752567, "activity_lines": [ 18.972666, 19.118231, 19.228697, 19.141786 ] }, { "date": "2026-01-02", "close": 19.1, "volume": 2000, "typical_volume": 45299.95, "trend": 18.991202, "fair_value": 17.960727, "relative_strength": -16.651961, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 9.042223, "energy": 10.490306, "activity_lines": [ 19.010866, 19.086108, 19.221648, 19.150787 ] }, { "date": "2026-01-09", "close": 18.431499, "volume": 5102, "typical_volume": 43044.2, "trend": 18.995047, "fair_value": 17.96566, "relative_strength": -21.710132, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.750212, "energy": 21.580893, "activity_lines": [ 18.819866, 18.947199, 19.150705, 19.114677 ] }, { "date": "2026-01-16", "close": 18.526999, "volume": 2003, "typical_volume": 40944.2, "trend": 19.008197, "fair_value": 17.9739, "relative_strength": -23.713541, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.467776, "energy": 34.394924, "activity_lines": [ 18.698899, 18.84649, 19.089313, 19.08448 ] }, { "date": "2026-01-23", "close": 18.431499, "volume": 5120, "typical_volume": 41150.2, "trend": 19.019693, "fair_value": 17.971015, "relative_strength": -25.067574, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.161006, "energy": 40.745301, "activity_lines": [ 18.558832, 18.746649, 19.020871, 19.047274 ] }, { "date": "2026-01-30", "close": 19.147749, "volume": 7300, "typical_volume": 40015.2, "trend": 19.045883, "fair_value": 17.970834, "relative_strength": -22.107825, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -20.165499, "energy": 26.413266, "activity_lines": [ 18.733916, 18.796136, 19.02269, 19.055535 ] }, { "date": "2026-02-06", "close": 19.147749, "volume": 0, "typical_volume": 39665.2, "trend": 19.055433, "fair_value": 17.977392, "relative_strength": -21.102778, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -4.17769, "energy": 6.868583, "activity_lines": [ 18.873982, 18.849095, 19.021553, 19.062107 ] }, { "date": "2026-02-13", "close": 19.004499, "volume": 12000, "typical_volume": 33157.45, "trend": 19.064983, "fair_value": 17.995971, "relative_strength": -25.543449, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.705012, "energy": 16.015053, "activity_lines": [ 18.963116, 18.873404, 19.002453, 19.058821 ] }, { "date": "2026-02-27", "close": 18.240499, "volume": 7000, "typical_volume": 25560.15, "trend": 19.053841, "fair_value": 17.995366, "relative_strength": -31.769746, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.559892, "energy": 23.035034, "activity_lines": [ 18.759382, 18.758804, 18.913774, 19.005629 ] }, { "date": "2026-03-06", "close": 18.670248, "volume": 10000, "typical_volume": 25760.1, "trend": 19.039516, "fair_value": 17.999403, "relative_strength": -25.942941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.23568, "energy": 25.996865, "activity_lines": [ 18.717999, 18.731022, 18.871026, 18.980881 ] }, { "date": "2026-03-13", "close": 19.386499, "volume": 62223, "typical_volume": 22258.4, "trend": 19.052249, "fair_value": 18.007491, "relative_strength": -22.162329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.607783, "energy": 9.214523, "activity_lines": [ 18.899449, 18.849962, 18.900586, 19.003267 ] }, { "date": "2026-03-20", "close": 19.1, "volume": 1000, "typical_volume": 19398.1, "trend": 19.053841, "fair_value": 18.016439, "relative_strength": -23.091637, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.396055, "energy": 10.884845, "activity_lines": [ 18.969482, 18.902922, 18.906043, 19.006348 ] }, { "date": "2026-03-27", "close": 19.147749, "volume": 35215, "typical_volume": 20462.65, "trend": 19.074533, "fair_value": 18.026502, "relative_strength": -21.408918, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.822716, "energy": 10.645182, "activity_lines": [ 19.058616, 18.964563, 18.919913, 19.012406 ] }, { "date": "2026-04-03", "close": 19.24325, "volume": 6205, "typical_volume": 16914.85, "trend": 19.084083, "fair_value": 18.037446, "relative_strength": -19.159481, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.782299, "energy": 16.660271, "activity_lines": [ 19.170033, 19.030545, 18.944925, 19.023291 ] }, { "date": "2026-04-10", "close": 18.431499, "volume": 132300, "typical_volume": 18429.8, "trend": 19.069758, "fair_value": 18.0351, "relative_strength": -28.19337, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.020879, "energy": 12.286886, "activity_lines": [ 18.944016, 18.935913, 18.893992, 18.981189 ] }, { "date": "2026-04-17", "close": 18.956751, "volume": 5000, "typical_volume": 17679.55, "trend": 19.084083, "fair_value": 18.038278, "relative_strength": -28.127351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.661686, "energy": 9.900083, "activity_lines": [ 18.909, 18.936781, 18.898085, 18.973898 ] }, { "date": "2026-04-24", "close": 18.718, "volume": 12000, "typical_volume": 17166.45, "trend": 19.099999, "fair_value": 18.046394, "relative_strength": -32.075283, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.212765, "energy": 16.719364, "activity_lines": [ 18.82305, 18.897713, 18.881259, 18.95028 ] }, { "date": "2026-05-01", "close": 18.670248, "volume": 4159, "typical_volume": 16646.35, "trend": 19.066574, "fair_value": 18.052318, "relative_strength": -31.480106, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.785926, "energy": 25.929825, "activity_lines": [ 18.746649, 18.857777, 18.861249, 18.922554 ] }, { "date": "2026-05-08", "close": 18.240499, "volume": 4100, "typical_volume": 16441.35, "trend": 19.031558, "fair_value": 18.058721, "relative_strength": -36.633001, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.716962, "energy": 44.209293, "activity_lines": [ 18.558833, 18.745781, 18.801903, 18.869259 ] }, { "date": "2026-05-15", "close": 18.431499, "volume": 14006, "typical_volume": 16836.65, "trend": 18.994949, "fair_value": 18.067158, "relative_strength": -34.527274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.46879, "energy": 44.98889, "activity_lines": [ 18.501532, 18.668513, 18.763021, 18.830545 ] }, { "date": "2026-05-22", "close": 18.956751, "volume": 17029, "typical_volume": 17188.1, "trend": 18.958341, "fair_value": 18.076536, "relative_strength": -33.675446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.294498, "energy": 27.386795, "activity_lines": [ 18.619316, 18.691086, 18.77962, 18.828081 ] }, { "date": "2026-05-29", "close": 18.670248, "volume": 28100, "typical_volume": 18493.1, "trend": 18.916958, "fair_value": 18.08192, "relative_strength": -37.56537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.178736, "energy": 22.305876, "activity_lines": [ 18.641599, 18.669381, 18.767341, 18.809494 ] }, { "date": "2026-06-05", "close": 18.192749, "volume": 50001, "typical_volume": 20738.05, "trend": 18.870799, "fair_value": 18.0864, "relative_strength": -38.841717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.677427, "energy": 26.362992, "activity_lines": [ 18.507899, 18.568672, 18.711633, 18.762771 ] }, { "date": "2026-06-12", "close": 18.47925, "volume": 14051, "typical_volume": 21340.45, "trend": 18.835783, "fair_value": 18.092447, "relative_strength": -35.823126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.073831, "energy": 22.691341, "activity_lines": [ 18.501533, 18.537418, 18.684347, 18.73751 ] }, { "date": "2026-06-19", "close": 18.908998, "volume": 46212, "typical_volume": 23395.05, "trend": 18.816683, "fair_value": 18.099631, "relative_strength": -36.787318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.878642, "energy": 13.638276, "activity_lines": [ 18.622499, 18.59819, 18.698217, 18.742234 ] }, { "date": "2026-06-26", "close": 18.813499, "volume": 20200, "typical_volume": 24040.05, "trend": 18.799174, "fair_value": 18.109708, "relative_strength": -33.641121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.550459, "energy": 11.906196, "activity_lines": [ 18.679799, 18.632917, 18.700718, 18.742028 ] }, { "date": "2026-07-03", "close": 19.004499, "volume": 32100, "typical_volume": 25645.05, "trend": 18.799174, "fair_value": 18.121818, "relative_strength": -35.361088, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.315127, "energy": 7.27318, "activity_lines": [ 18.810316, 18.704976, 18.723002, 18.755275 ] }, { "date": "2026-07-10", "close": 19.25, "volume": 28000, "typical_volume": 26445.05, "trend": 18.807358, "fair_value": 18.13604, "relative_strength": -31.651992, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.8019, "energy": 22.477039, "activity_lines": [ 19.000383, 18.816463, 18.769348, 18.784361 ] }, { "date": "2026-07-17", "close": 19.299999, "volume": 27000, "typical_volume": 27445.05, "trend": 18.826758, "fair_value": 18.145731, "relative_strength": -26.305539, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.363373, "energy": 40.193363, "activity_lines": [ 19.136633, 18.926499, 18.819287, 18.816144 ] }, { "date": "2026-07-24", "close": 19.0, "volume": 16000, "typical_volume": 27745.05, "trend": 18.807508, "fair_value": 18.152084, "relative_strength": -28.264615, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 53.859759, "energy": 45.90392, "activity_lines": [ 19.118166, 18.962727, 18.83561, 18.827321 ] }, { "date": "2026-07-31", "close": 18.6, "volume": 38252, "typical_volume": 26546.5, "trend": 18.806758, "fair_value": 18.157288, "relative_strength": -28.07435, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 29.443889, "energy": 21.285288, "activity_lines": [ 18.9603, 18.91589, 18.812267, 18.813933 ] }, { "date": "2026-08-07", "close": 18.799999, "volume": 38055, "typical_volume": 28399.25, "trend": 18.796758, "fair_value": 18.152739, "relative_strength": -28.221752, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.453828, "energy": 9.388761, "activity_lines": [ 18.883333, 18.911904, 18.811717, 18.813497 ] }, { "date": "2026-08-14", "close": 18.700001, "volume": 72006, "typical_volume": 30238.8, "trend": 18.805708, "fair_value": 18.159998, "relative_strength": -30.206016, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.665985, "energy": 7.733187, "activity_lines": [ 18.786667, 18.887377, 18.803072, 18.807255 ] } ], "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." } } }