{ "ticker": { "uuid": "e65f2f4a-4862-4043-af6f-9c8aea5b9d08", "symbol": "000020", "name": "Shenzhen Zhongheng Huafa Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -65.141, "architecture_energy": 63.799, "architecture_maturity": 60.227, "architecture_confidence": 96, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 7.71, "rotation_up": 26.95, "upward_expansion": 12.0, "deceleration": 57.63, "rotation_down": 56.15, "downward_expansion": 85.33 }, "activity_lines": [ 10.426667, 10.632909, 11.722571, 12.771484 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 10.92, "trend_reference": 13.825, "distance_from_trend": -0.210127, "trend_direction": "Weakening", "fair_value": 13.107308, "distance_from_fair_value": -0.166877, "fair_value_direction": "Weakening", "relative_strength": -25.889551, "relative_strength_direction": "Weakening", "price_momentum": -0.268097, "excess_performance": -0.275496, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.210127, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.091178, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.166877, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.26846, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.258896, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.065654, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.268097, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.229421, "read": "Supply-led" } ], "volume": { "latest": 19212500, "relative_activity": 0.64715, "balance": 0.229421, "dry_up": 0.628881, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.09073, "annualized_volatility": 0.890945, "from_high_reference": -0.574435, "from_low_reference": 0.193443 }, "levels": { "trend_reference": 13.825, "fair_value_reference": 13.107308, "structural_low": 9.15, "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": 15, "median_return": 0.030702, "positive_rate": 0.733333, "directional_follow_through": 0.266667, "median_excess_return": 0.026697, "regime_survival": 0.666667, "best_return": 0.321818, "worst_return": -0.104334, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.117444, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.081733, "regime_survival": 0.166667, "best_return": 0.29947, "worst_return": 0.051744, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.216461, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.138979, "regime_survival": 0.0, "best_return": 0.446411, "worst_return": -0.105737, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.235988, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.27419, "regime_survival": 0.0, "best_return": 1.314444, "worst_return": 0.046119, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-20", "end": "2024-10-18", "tenure": "Developing", "return": 0.029213, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": -0.037517, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": 0.045487, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-17", "tenure": "Developing", "return": -0.16941, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": 0.043307, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": -0.080999, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-30", "tenure": "Developing", "return": 0.004938, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.082737, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": -0.011739, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-12-19", "tenure": "Established", "return": 0.063386, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-03-13", "tenure": "Developing", "return": 0.032051, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": -0.323618, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": -0.187215, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.123596, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 11.91, "volume": 23260493, "typical_volume": 23196981.25, "trend": 10.583667, "fair_value": 9.840897, "relative_strength": 19.84357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.35714, "energy": 53.572016, "activity_lines": [ 12.492667, 12.146545, 11.448905, 11.077032 ] }, { "date": "2023-08-04", "close": 12.13, "volume": 16705101, "typical_volume": 23637436.3, "trend": 10.690333, "fair_value": 9.842115, "relative_strength": 19.714072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.93327, "energy": 37.054651, "activity_lines": [ 12.33, 12.204727, 11.558286, 11.176796 ] }, { "date": "2023-08-11", "close": 11.83, "volume": 12437603, "typical_volume": 23514772.7, "trend": 10.778, "fair_value": 9.836346, "relative_strength": 20.539193, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.613228, "energy": 21.158583, "activity_lines": [ 12.03, 12.185455, 11.627286, 11.250323 ] }, { "date": "2023-08-18", "close": 11.65, "volume": 10031804, "typical_volume": 23488400.65, "trend": 10.866333, "fair_value": 9.826474, "relative_strength": 21.816007, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.724772, "energy": 19.163351, "activity_lines": [ 11.846, 12.12, 11.67419, 11.306581 ] }, { "date": "2023-08-25", "close": 11.12, "volume": 9774701, "typical_volume": 23658520.15, "trend": 10.909, "fair_value": 9.813333, "relative_strength": 19.277338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.678817, "energy": 16.838561, "activity_lines": [ 11.590667, 11.944545, 11.665905, 11.322946 ] }, { "date": "2023-09-01", "close": 11.96, "volume": 16008968, "typical_volume": 23995666.7, "trend": 10.968667, "fair_value": 9.812372, "relative_strength": 23.349375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.409629, "energy": 17.389407, "activity_lines": [ 11.668, 11.924727, 11.73481, 11.390753 ] }, { "date": "2023-09-08", "close": 12.18, "volume": 12313501, "typical_volume": 24262526.75, "trend": 11.036333, "fair_value": 9.814167, "relative_strength": 27.019198, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.304429, "energy": 16.342159, "activity_lines": [ 11.815333, 11.925091, 11.817476, 11.468903 ] }, { "date": "2023-09-15", "close": 11.76, "volume": 8380000, "typical_volume": 24263895.25, "trend": 11.088333, "fair_value": 9.810897, "relative_strength": 23.473095, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.686227, "energy": 10.413575, "activity_lines": [ 11.819333, 11.838, 11.847857, 11.515591 ] }, { "date": "2023-09-22", "close": 11.88, "volume": 8019515, "typical_volume": 24505301.0, "trend": 11.148667, "fair_value": 9.809615, "relative_strength": 23.60197, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.273045, "energy": 17.678076, "activity_lines": [ 11.868, 11.822, 11.879905, 11.566667 ] }, { "date": "2023-09-29", "close": 11.77, "volume": 8774217, "typical_volume": 24619131.85, "trend": 11.196, "fair_value": 9.809487, "relative_strength": 22.809208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.644265, "energy": 16.878172, "activity_lines": [ 11.864667, 11.810545, 11.891381, 11.606753 ] }, { "date": "2023-10-13", "close": 11.87, "volume": 7897201, "typical_volume": 24502796.3, "trend": 11.259333, "fair_value": 9.801731, "relative_strength": 23.881484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.017082, "energy": 15.77299, "activity_lines": [ 11.851333, 11.819818, 11.903095, 11.650237 ] }, { "date": "2023-10-20", "close": 10.91, "volume": 7852337, "typical_volume": 24416113.75, "trend": 11.301333, "fair_value": 9.7925, "relative_strength": 18.853343, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.217344, "energy": 17.12076, "activity_lines": [ 11.524, 11.655273, 11.817143, 11.627699 ] }, { "date": "2023-10-27", "close": 11.47, "volume": 7547700, "typical_volume": 24189736.3, "trend": 11.324, "fair_value": 9.787885, "relative_strength": 21.432226, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 9.170596, "energy": 26.831089, "activity_lines": [ 11.468, 11.614727, 11.784333, 11.638581 ] }, { "date": "2023-11-03", "close": 12.65, "volume": 22111717, "typical_volume": 24884438.7, "trend": 11.390333, "fair_value": 9.789615, "relative_strength": 31.7002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.918674, "energy": 20.484597, "activity_lines": [ 11.824667, 11.795273, 11.862095, 11.724129 ] }, { "date": "2023-11-10", "close": 12.6, "volume": 12124102, "typical_volume": 25027333.8, "trend": 11.459333, "fair_value": 9.797564, "relative_strength": 28.533045, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 61.526925, "energy": 40.617513, "activity_lines": [ 12.113333, 11.948545, 11.926762, 11.802172 ] }, { "date": "2023-11-17", "close": 12.71, "volume": 7653800, "typical_volume": 25131843.75, "trend": 11.534667, "fair_value": 9.810256, "relative_strength": 28.527413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.554289, "energy": 60.519318, "activity_lines": [ 12.383333, 12.094909, 11.995619, 11.88286 ] }, { "date": "2023-11-24", "close": 12.65, "volume": 9291886, "typical_volume": 22025590.5, "trend": 11.636333, "fair_value": 9.826667, "relative_strength": 28.660001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.103025, "energy": 66.260511, "activity_lines": [ 12.577333, 12.216727, 12.05, 11.954817 ] }, { "date": "2023-12-01", "close": 12.67, "volume": 16387701, "typical_volume": 19590953.0, "trend": 11.735, "fair_value": 9.842308, "relative_strength": 29.342053, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.956319, "energy": 68.137978, "activity_lines": [ 12.662, 12.333636, 12.101143, 12.021505 ] }, { "date": "2023-12-08", "close": 12.38, "volume": 12078338, "typical_volume": 14850924.35, "trend": 11.822333, "fair_value": 9.856795, "relative_strength": 27.541514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.771604, "energy": 58.072343, "activity_lines": [ 12.57, 12.381273, 12.133238, 12.063118 ] }, { "date": "2023-12-15", "close": 12.71, "volume": 11114177, "typical_volume": 11988243.1, "trend": 11.918667, "fair_value": 9.873526, "relative_strength": 32.102323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.11953, "energy": 41.330785, "activity_lines": [ 12.606, 12.479818, 12.20081, 12.120387 ] }, { "date": "2023-12-22", "close": 12.24, "volume": 11554279, "typical_volume": 11402932.4, "trend": 11.974667, "fair_value": 9.888269, "relative_strength": 28.362874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.975306, "energy": 29.131096, "activity_lines": [ 12.478, 12.475818, 12.21981, 12.141118 ] }, { "date": "2023-12-29", "close": 12.95, "volume": 11159772, "typical_volume": 11125665.95, "trend": 12.044, "fair_value": 9.904359, "relative_strength": 30.275991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.538702, "energy": 34.889907, "activity_lines": [ 12.618, 12.594182, 12.304857, 12.204043 ] }, { "date": "2024-01-05", "close": 12.61, "volume": 9189500, "typical_volume": 10963260.8, "trend": 12.094667, "fair_value": 9.922372, "relative_strength": 31.217722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.36676, "energy": 30.580899, "activity_lines": [ 12.624667, 12.613636, 12.353619, 12.240559 ] }, { "date": "2024-01-12", "close": 12.49, "volume": 8867002, "typical_volume": 10905020.7, "trend": 12.147667, "fair_value": 9.941603, "relative_strength": 30.331663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.367544, "energy": 25.464928, "activity_lines": [ 12.595333, 12.590545, 12.387238, 12.266065 ] }, { "date": "2024-01-19", "close": 13.88, "volume": 129090654, "typical_volume": 16870818.35, "trend": 12.234333, "fair_value": 9.968782, "relative_strength": 46.251274, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.50131, "energy": 47.271819, "activity_lines": [ 13.022, 12.823091, 12.549238, 12.377828 ] }, { "date": "2024-01-26", "close": 20.83, "volume": 137748146, "typical_volume": 22957777.25, "trend": 12.566333, "fair_value": 10.038269, "relative_strength": 113.998465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.560964, "energy": 92.009245, "activity_lines": [ 15.687333, 14.296, 13.36, 12.932387 ] }, { "date": "2024-02-02", "close": 15.04, "volume": 90949595, "typical_volume": 26889581.95, "trend": 12.682, "fair_value": 10.076795, "relative_strength": 65.078482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.802037, "energy": 73.99233, "activity_lines": [ 15.85, 14.568545, 13.577095, 13.091978 ] }, { "date": "2024-02-09", "close": 11.31, "volume": 85107351, "typical_volume": 30725949.5, "trend": 12.576667, "fair_value": 10.091859, "relative_strength": 12.535024, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.634916, "energy": 43.335348, "activity_lines": [ 14.63, 14.119455, 13.425333, 13.003462 ] }, { "date": "2024-02-23", "close": 14.59, "volume": 105976989, "typical_volume": 35623823.2, "trend": 12.622, "fair_value": 10.112628, "relative_strength": 39.397403, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.594356, "energy": 35.786974, "activity_lines": [ 14.59, 14.291455, 13.588095, 13.133355 ] }, { "date": "2024-03-01", "close": 15.18, "volume": 115669915, "typical_volume": 40968608.1, "trend": 12.731, "fair_value": 10.15609, "relative_strength": 37.723994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.889049, "energy": 21.790727, "activity_lines": [ 14.606667, 14.530545, 13.794143, 13.298387 ] }, { "date": "2024-03-08", "close": 14.13, "volume": 57400351, "typical_volume": 43443765.6, "trend": 12.805, "fair_value": 10.195641, "relative_strength": 27.721894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.414431, "energy": 17.507939, "activity_lines": [ 14.186667, 14.533818, 13.883952, 13.388645 ] }, { "date": "2024-03-15", "close": 14.72, "volume": 59476731, "typical_volume": 46024985.3, "trend": 12.891333, "fair_value": 10.236218, "relative_strength": 28.306749, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.420455, "energy": 19.272025, "activity_lines": [ 14.41, 14.61, 14.01919, 13.512194 ] }, { "date": "2024-03-22", "close": 15.41, "volume": 66155810, "typical_volume": 48955390.8, "trend": 13.010667, "fair_value": 10.278846, "relative_strength": 33.393903, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.496973, "energy": 26.175884, "activity_lines": [ 14.884667, 14.779455, 14.202, 13.674688 ] }, { "date": "2024-03-29", "close": 15.51, "volume": 77256010, "typical_volume": 51712605.45, "trend": 13.139333, "fair_value": 10.322436, "relative_strength": 34.905764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.856311, "energy": 26.71684, "activity_lines": [ 15.119333, 14.916182, 14.375571, 13.835935 ] }, { "date": "2024-04-05", "close": 14.16, "volume": 33594864, "typical_volume": 52786143.55, "trend": 13.240667, "fair_value": 10.356154, "relative_strength": 20.254807, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.123433, "energy": 23.665793, "activity_lines": [ 14.842667, 14.752545, 14.406952, 13.901785 ] }, { "date": "2024-04-12", "close": 12.78, "volume": 34211610, "typical_volume": 54114034.05, "trend": 13.268, "fair_value": 10.382949, "relative_strength": 11.431419, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.703764, "energy": 9.513014, "activity_lines": [ 14.174, 14.332909, 14.299476, 13.872065 ] }, { "date": "2024-04-19", "close": 11.4, "volume": 31998094, "typical_volume": 55249344.45, "trend": 13.242, "fair_value": 10.399231, "relative_strength": -1.680266, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.027831, "energy": 14.32098, "activity_lines": [ 13.135333, 13.808727, 14.060238, 13.751548 ] }, { "date": "2024-04-26", "close": 12.06, "volume": 22364685, "typical_volume": 55548193.65, "trend": 13.252, "fair_value": 10.41859, "relative_strength": 1.37823, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.724575, "energy": 20.923576, "activity_lines": [ 12.538, 13.470727, 13.88981, 13.67529 ] }, { "date": "2024-05-03", "close": 12.03, "volume": 9256300, "typical_volume": 55407091.75, "trend": 13.257, "fair_value": 10.436987, "relative_strength": -0.805526, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.37762, "energy": 37.112327, "activity_lines": [ 12.154, 13.113636, 13.719429, 13.596452 ] }, { "date": "2024-05-10", "close": 11.81, "volume": 16567209, "typical_volume": 55679743.35, "trend": 13.258333, "fair_value": 10.453397, "relative_strength": -4.579999, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.295636, "energy": 48.470531, "activity_lines": [ 11.928667, 12.763091, 13.529762, 13.503097 ] }, { "date": "2024-05-17", "close": 12.13, "volume": 18117406, "typical_volume": 56007899.7, "trend": 13.267, "fair_value": 10.471667, "relative_strength": -2.330111, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.160786, "energy": 49.649575, "activity_lines": [ 11.966667, 12.532, 13.374857, 13.430301 ] }, { "date": "2024-05-24", "close": 11.48, "volume": 15068400, "typical_volume": 56203331.1, "trend": 13.286, "fair_value": 10.485897, "relative_strength": -5.234376, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.772778, "energy": 52.549217, "activity_lines": [ 11.831333, 12.219091, 13.158571, 13.315011 ] }, { "date": "2024-05-31", "close": 11.43, "volume": 10585360, "typical_volume": 56273124.1, "trend": 13.284667, "fair_value": 10.501667, "relative_strength": -5.420479, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.889427, "energy": 64.392356, "activity_lines": [ 11.674, 11.956, 12.944524, 13.195269 ] }, { "date": "2024-06-07", "close": 10.17, "volume": 19433124, "typical_volume": 56801430.2, "trend": 13.202, "fair_value": 10.509295, "relative_strength": -14.988001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.976554, "energy": 73.895399, "activity_lines": [ 11.138667, 11.536182, 12.616095, 12.994323 ] }, { "date": "2024-06-14", "close": 10.36, "volume": 10947369, "typical_volume": 50894265.95, "trend": 13.127333, "fair_value": 10.517244, "relative_strength": -13.510985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.611143, "energy": 76.676818, "activity_lines": [ 10.790667, 11.248, 12.31681, 12.810968 ] }, { "date": "2024-06-21", "close": 10.1, "volume": 11392502, "typical_volume": 44576483.75, "trend": 13.040333, "fair_value": 10.525, "relative_strength": -14.07154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.086019, "energy": 79.169276, "activity_lines": [ 10.452667, 10.981636, 12.009524, 12.615656 ] }, { "date": "2024-06-28", "close": 9.9, "volume": 12426200, "typical_volume": 40650314.0, "trend": 12.948667, "fair_value": 10.530321, "relative_strength": -13.870517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.744226, "energy": 83.878207, "activity_lines": [ 10.183333, 10.727636, 11.734286, 12.413054 ] }, { "date": "2024-07-05", "close": 9.6, "volume": 9884000, "typical_volume": 36889146.45, "trend": 12.846333, "fair_value": 10.5325, "relative_strength": -15.161577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.142118, "energy": 85.93225, "activity_lines": [ 9.919333, 10.446364, 11.454952, 12.197011 ] }, { "date": "2024-07-12", "close": 9.69, "volume": 11973690, "typical_volume": 32188981.5, "trend": 12.756667, "fair_value": 10.535, "relative_strength": -15.95552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.464199, "energy": 82.49863, "activity_lines": [ 9.807333, 10.226182, 11.192333, 11.993376 ] }, { "date": "2024-07-19", "close": 9.5, "volume": 9958200, "typical_volume": 26903395.75, "trend": 12.649667, "fair_value": 10.534487, "relative_strength": -17.740171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.15436, "energy": 83.581179, "activity_lines": [ 9.664, 10.014, 10.934952, 11.783269 ] }, { "date": "2024-07-26", "close": 9.39, "volume": 7598116, "typical_volume": 24413284.0, "trend": 12.554667, "fair_value": 10.531154, "relative_strength": -15.670841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.949564, "energy": 79.253364, "activity_lines": [ 9.541333, 9.823818, 10.694143, 11.572968 ] }, { "date": "2024-08-02", "close": 10.0, "volume": 12737350, "typical_volume": 22076314.95, "trend": 12.456333, "fair_value": 10.533718, "relative_strength": -9.8248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.270857, "energy": 56.846628, "activity_lines": [ 9.669333, 9.794364, 10.534, 11.408151 ] }, { "date": "2024-08-09", "close": 9.63, "volume": 16717804, "typical_volume": 19604414.65, "trend": 12.357, "fair_value": 10.533654, "relative_strength": -11.605017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.060469, "energy": 53.316277, "activity_lines": [ 9.667333, 9.724545, 10.361095, 11.225806 ] }, { "date": "2024-08-16", "close": 9.96, "volume": 15245204, "typical_volume": 16503874.35, "trend": 12.272667, "fair_value": 10.535385, "relative_strength": -8.250251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.181456, "energy": 42.660795, "activity_lines": [ 9.773333, 9.747455, 10.247143, 11.071161 ] }, { "date": "2024-08-23", "close": 11.97, "volume": 51797292, "typical_volume": 17413995.75, "trend": 12.209, "fair_value": 10.547692, "relative_strength": 11.918868, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.444749, "energy": 16.632715, "activity_lines": [ 10.531333, 10.139636, 10.351048, 11.051634 ] }, { "date": "2024-08-30", "close": 11.0, "volume": 91819747, "typical_volume": 20294402.6, "trend": 11.881333, "fair_value": 10.556667, "relative_strength": 0.496337, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.824342, "energy": 20.765245, "activity_lines": [ 10.801333, 10.326182, 10.373, 10.973634 ] }, { "date": "2024-09-06", "close": 11.32, "volume": 102807978, "typical_volume": 23834896.8, "trend": 11.757333, "fair_value": 10.56859, "relative_strength": 5.732226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.498505, "energy": 17.679299, "activity_lines": [ 11.070667, 10.554545, 10.433905, 10.937419 ] }, { "date": "2024-09-13", "close": 11.88, "volume": 101289391, "typical_volume": 27781132.1, "trend": 11.776333, "fair_value": 10.583077, "relative_strength": 12.442342, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.699998, "energy": 23.48781, "activity_lines": [ 11.438667, 10.858909, 10.548524, 10.945333 ] }, { "date": "2024-09-20", "close": 13.35, "volume": 64503126, "typical_volume": 30543473.4, "trend": 11.735, "fair_value": 10.609872, "relative_strength": 24.077585, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.435763, "energy": 41.401858, "activity_lines": [ 12.146667, 11.389091, 10.804, 11.04686 ] }, { "date": "2024-09-27", "close": 14.54, "volume": 102609736, "typical_volume": 34845599.75, "trend": 11.713667, "fair_value": 10.644423, "relative_strength": 14.082212, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.936432, "energy": 65.108016, "activity_lines": [ 13.025333, 12.069091, 11.166524, 11.227828 ] }, { "date": "2024-10-04", "close": 15.72, "volume": 22491888, "typical_volume": 35064323.85, "trend": 11.766667, "fair_value": 10.686026, "relative_strength": 10.933717, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.907233, "energy": 78.063469, "activity_lines": [ 14.126, 12.872, 11.628429, 11.486301 ] }, { "date": "2024-10-11", "close": 14.28, "volume": 55701053, "typical_volume": 37095956.5, "trend": 11.752, "fair_value": 10.717949, "relative_strength": 5.08659, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.732488, "energy": 68.205286, "activity_lines": [ 14.432, 13.298, 11.936095, 11.648452 ] }, { "date": "2024-10-18", "close": 13.74, "volume": 40106417, "typical_volume": 38572009.35, "trend": 11.696333, "fair_value": 10.748333, "relative_strength": -1.991994, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.274483, "energy": 69.597736, "activity_lines": [ 14.360667, 13.548, 12.179, 11.77671 ] }, { "date": "2024-10-25", "close": 14.66, "volume": 45819142, "typical_volume": 39891310.25, "trend": 11.668, "fair_value": 10.784615, "relative_strength": 1.64165, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.29223, "energy": 55.387238, "activity_lines": [ 14.472, 13.890545, 12.498524, 11.967914 ] }, { "date": "2024-11-01", "close": 13.78, "volume": 68003434, "typical_volume": 42744113.5, "trend": 11.655333, "fair_value": 10.81609, "relative_strength": -3.155382, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.333099, "energy": 39.698649, "activity_lines": [ 14.202667, 13.987636, 12.712857, 12.104172 ] }, { "date": "2024-11-08", "close": 14.11, "volume": 27689591, "typical_volume": 43558967.95, "trend": 11.699667, "fair_value": 10.848974, "relative_strength": -7.084511, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.943409, "energy": 31.389573, "activity_lines": [ 14.094, 14.111818, 12.942333, 12.262538 ] }, { "date": "2024-11-15", "close": 14.07, "volume": 39462549, "typical_volume": 44910785.4, "trend": 11.788667, "fair_value": 10.882179, "relative_strength": -3.85319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.451838, "energy": 29.222868, "activity_lines": [ 14.079333, 14.172182, 13.148905, 12.415462 ] }, { "date": "2024-11-22", "close": 13.8, "volume": 24170849, "typical_volume": 45625127.85, "trend": 11.846667, "fair_value": 10.913654, "relative_strength": -2.961837, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.303918, "energy": 25.277234, "activity_lines": [ 13.988667, 14.133455, 13.309905, 12.545226 ] }, { "date": "2024-11-29", "close": 14.37, "volume": 21244710, "typical_volume": 46088678.85, "trend": 11.924667, "fair_value": 10.949872, "relative_strength": -0.697133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.290423, "energy": 27.460596, "activity_lines": [ 14.084, 14.163455, 13.50519, 12.708022 ] }, { "date": "2024-12-06", "close": 14.71, "volume": 19528269, "typical_volume": 46567182.3, "trend": 12.021333, "fair_value": 10.989038, "relative_strength": -0.123673, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.013288, "energy": 33.842115, "activity_lines": [ 14.312, 14.236727, 13.710571, 12.88772 ] }, { "date": "2024-12-13", "close": 14.58, "volume": 19616201, "typical_volume": 47168086.55, "trend": 12.103, "fair_value": 11.02609, "relative_strength": -0.374543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.563062, "energy": 34.689513, "activity_lines": [ 14.434667, 14.283273, 13.878762, 13.052796 ] }, { "date": "2024-12-20", "close": 14.37, "volume": 12452712, "typical_volume": 47153854.65, "trend": 12.199333, "fair_value": 11.060705, "relative_strength": -1.190345, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.468776, "energy": 34.759897, "activity_lines": [ 14.456, 14.312364, 14.002238, 13.199054 ] }, { "date": "2024-12-27", "close": 13.09, "volume": 15951105, "typical_volume": 47115519.7, "trend": 12.254667, "fair_value": 11.086923, "relative_strength": -9.978592, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.240513, "energy": 21.325423, "activity_lines": [ 14.030667, 14.107091, 13.983, 13.256516 ] }, { "date": "2025-01-03", "close": 11.74, "volume": 12031740, "typical_volume": 46954846.5, "trend": 12.307, "fair_value": 11.104359, "relative_strength": -12.826411, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -4.124599, "energy": 11.049754, "activity_lines": [ 13.202667, 13.668182, 13.818714, 13.223312 ] }, { "date": "2025-01-10", "close": 11.55, "volume": 11877796, "typical_volume": 44958871.7, "trend": 12.346667, "fair_value": 11.120385, "relative_strength": -13.10068, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -12.695293, "energy": 27.730615, "activity_lines": [ 12.486667, 13.247818, 13.627857, 13.174473 ] }, { "date": "2025-01-17", "close": 12.11, "volume": 10377601, "typical_volume": 40886764.4, "trend": 12.413667, "fair_value": 11.138782, "relative_strength": -11.918183, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -22.924119, "energy": 43.869866, "activity_lines": [ 12.168, 12.969818, 13.492333, 13.159204 ] }, { "date": "2025-01-24", "close": 12.7, "volume": 30025243, "typical_volume": 37247627.65, "trend": 12.507, "fair_value": 11.161987, "relative_strength": -8.355866, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.557337, "energy": 45.946839, "activity_lines": [ 12.210667, 12.835455, 13.407714, 13.177677 ] }, { "date": "2025-01-31", "close": 12.73, "volume": 3535500, "typical_volume": 32359933.1, "trend": 12.611333, "fair_value": 11.184872, "relative_strength": -5.384603, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.757501, "energy": 41.441258, "activity_lines": [ 12.374667, 12.731455, 13.319381, 13.192065 ] }, { "date": "2025-02-07", "close": 13.25, "volume": 10066601, "typical_volume": 29638106.85, "trend": 12.73, "fair_value": 11.209551, "relative_strength": -4.579275, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 4.960008, "energy": 9.468297, "activity_lines": [ 12.736, 12.741455, 13.276524, 13.233269 ] }, { "date": "2025-02-14", "close": 13.21, "volume": 14095502, "typical_volume": 25212395.15, "trend": 12.853667, "fair_value": 11.233205, "relative_strength": -6.329294, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.990322, "energy": 9.626707, "activity_lines": [ 12.983333, 12.764545, 13.230333, 13.264237 ] }, { "date": "2025-02-21", "close": 13.2, "volume": 12859967, "typical_volume": 24730799.1, "trend": 12.980667, "fair_value": 11.257885, "relative_strength": -7.909819, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.258169, "energy": 10.742898, "activity_lines": [ 13.116667, 12.813091, 13.189524, 13.286581 ] }, { "date": "2025-02-28", "close": 12.4, "volume": 12149573, "typical_volume": 22553225.1, "trend": 13.060667, "fair_value": 11.278846, "relative_strength": -9.806291, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.900528, "energy": 12.138154, "activity_lines": [ 12.910667, 12.741273, 13.084524, 13.249118 ] }, { "date": "2025-03-07", "close": 12.53, "volume": 10994624, "typical_volume": 21097635.45, "trend": 13.157333, "fair_value": 11.296603, "relative_strength": -10.34546, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.556494, "energy": 12.252746, "activity_lines": [ 12.768, 12.728909, 13.000857, 13.214882 ] }, { "date": "2025-03-14", "close": 12.85, "volume": 10918302, "typical_volume": 19352593.45, "trend": 13.253667, "fair_value": 11.30859, "relative_strength": -8.691259, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.133568, "energy": 24.486294, "activity_lines": [ 12.745333, 12.784909, 12.953429, 13.195054 ] }, { "date": "2025-03-21", "close": 12.65, "volume": 9991233, "typical_volume": 16451983.4, "trend": 13.276333, "fair_value": 11.326218, "relative_strength": -7.071265, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.529053, "energy": 30.73126, "activity_lines": [ 12.682667, 12.784364, 12.895571, 13.156108 ] }, { "date": "2025-03-28", "close": 12.14, "volume": 10128944, "typical_volume": 15573951.05, "trend": 13.314333, "fair_value": 11.344231, "relative_strength": -9.45245, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.679275, "energy": 43.505077, "activity_lines": [ 12.487333, 12.671091, 12.794524, 13.082796 ] }, { "date": "2025-04-04", "close": 12.15, "volume": 5987101, "typical_volume": 13900178.65, "trend": 13.342, "fair_value": 11.363526, "relative_strength": -6.82423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.791132, "energy": 50.569552, "activity_lines": [ 12.366, 12.559091, 12.70381, 13.007677 ] }, { "date": "2025-04-11", "close": 10.93, "volume": 18008000, "typical_volume": 13592036.2, "trend": 13.310333, "fair_value": 11.376538, "relative_strength": -11.281008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.055312, "energy": 70.431623, "activity_lines": [ 11.854667, 12.235273, 12.506048, 12.852065 ] }, { "date": "2025-04-18", "close": 11.24, "volume": 9008211, "typical_volume": 12980211.25, "trend": 13.24, "fair_value": 11.391859, "relative_strength": -8.160367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.337682, "energy": 74.315115, "activity_lines": [ 11.553333, 12.000545, 12.351476, 12.718495 ] }, { "date": "2025-04-25", "close": 11.44, "volume": 9295075, "typical_volume": 12468551.55, "trend": 13.136667, "fair_value": 11.406923, "relative_strength": -7.631091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.461849, "energy": 74.899219, "activity_lines": [ 11.426, 11.838727, 12.230857, 12.602366 ] }, { "date": "2025-05-02", "close": 11.73, "volume": 6484068, "typical_volume": 11811944.9, "trend": 13.003667, "fair_value": 11.423846, "relative_strength": -5.02236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.163118, "energy": 68.371427, "activity_lines": [ 11.476, 11.761818, 12.153429, 12.511613 ] }, { "date": "2025-05-09", "close": 11.98, "volume": 10742201, "typical_volume": 11726419.35, "trend": 12.927, "fair_value": 11.444872, "relative_strength": -5.12779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.440437, "energy": 41.458746, "activity_lines": [ 11.636667, 11.757091, 12.113381, 12.44557 ] }, { "date": "2025-05-16", "close": 11.9, "volume": 8508004, "typical_volume": 11354264.3, "trend": 12.865667, "fair_value": 11.467244, "relative_strength": -6.133604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.388357, "energy": 27.373755, "activity_lines": [ 11.782, 11.745455, 12.077095, 12.379312 ] }, { "date": "2025-05-23", "close": 12.07, "volume": 21376539, "typical_volume": 11821504.25, "trend": 12.779333, "fair_value": 11.493654, "relative_strength": -4.309553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.30557, "energy": 18.329047, "activity_lines": [ 11.919333, 11.776182, 12.062667, 12.327978 ] }, { "date": "2025-05-30", "close": 12.21, "volume": 12751718, "typical_volume": 11865200.35, "trend": 12.727, "fair_value": 11.521026, "relative_strength": -2.307971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.387238, "energy": 18.746336, "activity_lines": [ 12.048, 11.846545, 12.06, 12.291247 ] }, { "date": "2025-06-06", "close": 12.57, "volume": 7550001, "typical_volume": 11723820.35, "trend": 12.675667, "fair_value": 11.547436, "relative_strength": -1.047756, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.732732, "energy": 14.788337, "activity_lines": [ 12.245333, 11.990364, 12.088476, 12.281118 ] }, { "date": "2025-06-13", "close": 12.38, "volume": 38596016, "typical_volume": 12152359.0, "trend": 12.619333, "fair_value": 11.572885, "relative_strength": -2.106419, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.073297, "energy": 15.522536, "activity_lines": [ 12.323333, 12.091818, 12.096667, 12.262043 ] }, { "date": "2025-06-20", "close": 13.65, "volume": 111910808, "typical_volume": 17571124.4, "trend": 12.614333, "fair_value": 11.604295, "relative_strength": 8.780265, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.478687, "energy": 24.759373, "activity_lines": [ 12.798, 12.42, 12.227333, 12.328538 ] }, { "date": "2025-06-27", "close": 13.61, "volume": 85036526, "typical_volume": 21319620.65, "trend": 12.589, "fair_value": 11.632372, "relative_strength": 4.250223, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.622995, "energy": 31.883924, "activity_lines": [ 13.142667, 12.691455, 12.34981, 12.392774 ] }, { "date": "2025-07-04", "close": 13.63, "volume": 37811555, "typical_volume": 22505423.3, "trend": 12.553, "fair_value": 11.661282, "relative_strength": 2.806457, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.192394, "energy": 45.550036, "activity_lines": [ 13.391333, 12.923455, 12.472476, 12.459935 ] }, { "date": "2025-07-11", "close": 13.47, "volume": 18511575, "typical_volume": 22788003.7, "trend": 12.516, "fair_value": 11.690192, "relative_strength": -0.430182, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.374457, "energy": 62.787384, "activity_lines": [ 13.492, 13.086545, 12.577905, 12.519097 ] }, { "date": "2025-07-18", "close": 13.41, "volume": 12812600, "typical_volume": 22821155.05, "trend": 12.484, "fair_value": 11.708718, "relative_strength": -3.089599, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.663522, "energy": 54.672464, "activity_lines": [ 13.512667, 13.207091, 12.676333, 12.576774 ] }, { "date": "2025-07-25", "close": 13.37, "volume": 15390100, "typical_volume": 23040928.85, "trend": 12.493333, "fair_value": 11.72859, "relative_strength": -5.728791, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.209463, "energy": 40.477012, "activity_lines": [ 13.451333, 13.294364, 12.766143, 12.633935 ] }, { "date": "2025-08-01", "close": 13.39, "volume": 20042000, "typical_volume": 23497113.75, "trend": 12.548333, "fair_value": 11.754167, "relative_strength": -4.140263, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.609606, "energy": 30.485348, "activity_lines": [ 13.415333, 13.358545, 12.853857, 12.691785 ] }, { "date": "2025-08-08", "close": 13.79, "volume": 29376351, "typical_volume": 24466369.65, "trend": 12.623, "fair_value": 11.786154, "relative_strength": -2.630419, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.021882, "energy": 32.35798, "activity_lines": [ 13.527333, 13.471455, 12.977095, 12.771892 ] }, { "date": "2025-08-15", "close": 13.9, "volume": 27483588, "typical_volume": 25334101.85, "trend": 12.682667, "fair_value": 11.815705, "relative_strength": -6.124828, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.826656, "energy": 33.44963, "activity_lines": [ 13.665333, 13.575636, 13.105381, 12.85428 ] }, { "date": "2025-08-22", "close": 14.36, "volume": 22050541, "typical_volume": 26137273.85, "trend": 12.738, "fair_value": 11.847692, "relative_strength": -6.856324, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.792702, "energy": 45.479224, "activity_lines": [ 13.928, 13.739273, 13.269095, 12.962495 ] }, { "date": "2025-08-29", "close": 13.94, "volume": 21243502, "typical_volume": 26299048.95, "trend": 12.778333, "fair_value": 11.875833, "relative_strength": -13.066023, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.45769, "energy": 44.888507, "activity_lines": [ 13.987333, 13.790545, 13.382286, 13.040043 ] }, { "date": "2025-09-05", "close": 13.7, "volume": 17353124, "typical_volume": 26716294.6, "trend": 12.793333, "fair_value": 11.900449, "relative_strength": -13.445405, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.267479, "energy": 35.154408, "activity_lines": [ 13.928667, 13.792909, 13.458286, 13.099505 ] }, { "date": "2025-09-12", "close": 13.83, "volume": 12047937, "typical_volume": 26853937.7, "trend": 12.814, "fair_value": 11.924744, "relative_strength": -14.331504, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.33665, "energy": 31.872462, "activity_lines": [ 13.892667, 13.817273, 13.534952, 13.166387 ] }, { "date": "2025-09-19", "close": 13.63, "volume": 13955347, "typical_volume": 27227501.65, "trend": 12.828333, "fair_value": 11.944615, "relative_strength": -15.726151, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.780636, "energy": 24.96942, "activity_lines": [ 13.787333, 13.801636, 13.58119, 13.219032 ] }, { "date": "2025-09-26", "close": 16.9, "volume": 43691473, "typical_volume": 28874965.25, "trend": 12.978333, "fair_value": 11.990321, "relative_strength": 3.800595, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.824847, "energy": 73.3962, "activity_lines": [ 14.79, 14.377636, 13.92981, 13.48172 ] }, { "date": "2025-10-03", "close": 14.78, "volume": 52208373, "typical_volume": 31059983.7, "trend": 13.053333, "fair_value": 12.017628, "relative_strength": -10.794373, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.410635, "energy": 63.913431, "activity_lines": [ 14.916667, 14.504727, 14.053095, 13.597957 ] }, { "date": "2025-10-10", "close": 14.86, "volume": 26716645, "typical_volume": 31326989.0, "trend": 13.120333, "fair_value": 12.042885, "relative_strength": -8.723025, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.564265, "energy": 63.967507, "activity_lines": [ 15.014, 14.620727, 14.170286, 13.714516 ] }, { "date": "2025-10-17", "close": 13.87, "volume": 46495475, "typical_volume": 33014176.85, "trend": 13.161, "fair_value": 12.062051, "relative_strength": -9.997688, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.386407, "energy": 44.631742, "activity_lines": [ 14.704, 14.53, 14.179905, 13.762882 ] }, { "date": "2025-10-24", "close": 14.56, "volume": 44654701, "typical_volume": 34869411.85, "trend": 13.241667, "fair_value": 12.103462, "relative_strength": -9.379025, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.56473, "energy": 26.049019, "activity_lines": [ 14.621333, 14.563273, 14.247333, 13.85314 ] }, { "date": "2025-10-31", "close": 14.66, "volume": 49112344, "typical_volume": 35395228.25, "trend": 13.325333, "fair_value": 12.141795, "relative_strength": -9.042433, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.448142, "energy": 19.556574, "activity_lines": [ 14.51, 14.602727, 14.31481, 13.944645 ] }, { "date": "2025-11-07", "close": 15.12, "volume": 33205275, "typical_volume": 31459951.6, "trend": 13.465, "fair_value": 12.178141, "relative_strength": -6.165394, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.996091, "energy": 22.837318, "activity_lines": [ 14.701333, 14.720364, 14.415238, 14.06043 ] }, { "date": "2025-11-14", "close": 15.64, "volume": 37064911, "typical_volume": 29061370.85, "trend": 13.611667, "fair_value": 12.220705, "relative_strength": -1.359228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.461103, "energy": 37.382094, "activity_lines": [ 15.043333, 14.911091, 14.55819, 14.200753 ] }, { "date": "2025-11-21", "close": 15.96, "volume": 62560763, "typical_volume": 30298831.25, "trend": 13.762333, "fair_value": 12.263397, "relative_strength": 6.185377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.794149, "energy": 52.226202, "activity_lines": [ 15.44, 15.124727, 14.721952, 14.352258 ] }, { "date": "2025-11-28", "close": 16.549999, "volume": 85779300, "typical_volume": 33662217.5, "trend": 13.923, "fair_value": 12.308654, "relative_strength": 6.46423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.155054, "energy": 62.717033, "activity_lines": [ 15.894, 15.406909, 14.930809, 14.532107 ] }, { "date": "2025-12-05", "close": 15.63, "volume": 59848576, "typical_volume": 36014016.3, "trend": 14.044667, "fair_value": 12.347051, "relative_strength": -0.426314, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.771804, "energy": 51.792604, "activity_lines": [ 15.908666, 15.468727, 15.037381, 14.642236 ] }, { "date": "2025-12-12", "close": 15.33, "volume": 61607253, "typical_volume": 38324873.95, "trend": 14.159, "fair_value": 12.384744, "relative_strength": -2.832197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.102127, "energy": 33.99325, "activity_lines": [ 15.758666, 15.499091, 15.104809, 14.725161 ] }, { "date": "2025-12-19", "close": 14.26, "volume": 28058103, "typical_volume": 38725679.1, "trend": 14.232, "fair_value": 12.413013, "relative_strength": -8.410284, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.612162, "energy": 15.993036, "activity_lines": [ 15.238, 15.324909, 15.061, 14.731677 ] }, { "date": "2025-12-26", "close": 14.04, "volume": 17239300, "typical_volume": 38118826.55, "trend": 14.293, "fair_value": 12.439359, "relative_strength": -12.619095, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.623207, "energy": 13.33469, "activity_lines": [ 14.736, 15.121636, 14.992095, 14.71929 ] }, { "date": "2026-01-02", "close": 13.87, "volume": 12931315, "typical_volume": 37391212.9, "trend": 14.336333, "fair_value": 12.465897, "relative_strength": -12.945966, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.195621, "energy": 21.600837, "activity_lines": [ 14.305333, 14.884364, 14.905809, 14.692 ] }, { "date": "2026-01-09", "close": 14.82, "volume": 34917220, "typical_volume": 38034546.85, "trend": 14.417667, "fair_value": 12.502628, "relative_strength": -10.715044, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.007217, "energy": 18.606481, "activity_lines": [ 14.37, 14.832364, 14.910143, 14.723204 ] }, { "date": "2026-01-16", "close": 14.54, "volume": 33166229, "typical_volume": 38630683.2, "trend": 14.447333, "fair_value": 12.53859, "relative_strength": -13.142321, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.08444, "energy": 15.721878, "activity_lines": [ 14.395333, 14.726545, 14.885619, 14.731097 ] }, { "date": "2026-01-23", "close": 15.14, "volume": 21445300, "typical_volume": 38835292.0, "trend": 14.498333, "fair_value": 12.576667, "relative_strength": -10.278482, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.22633, "energy": 9.75607, "activity_lines": [ 14.673333, 14.740364, 14.915381, 14.775785 ] }, { "date": "2026-01-30", "close": 14.92, "volume": 30946511, "typical_volume": 39780220.7, "trend": 14.541333, "fair_value": 12.614615, "relative_strength": -9.825753, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.128065, "energy": 13.211137, "activity_lines": [ 14.819333, 14.723273, 14.917333, 14.802989 ] }, { "date": "2026-02-06", "close": 15.3, "volume": 40618610, "typical_volume": 41113383.85, "trend": 14.602333, "fair_value": 12.649615, "relative_strength": -5.301189, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.280224, "energy": 18.311036, "activity_lines": [ 15.033333, 14.794182, 14.950286, 14.851935 ] }, { "date": "2026-02-13", "close": 15.0, "volume": 20891968, "typical_volume": 39973408.6, "trend": 14.655333, "fair_value": 12.680577, "relative_strength": -8.180949, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.836646, "energy": 18.300376, "activity_lines": [ 15.052, 14.833273, 14.946714, 14.877591 ] }, { "date": "2026-02-27", "close": 15.09, "volume": 13890601, "typical_volume": 38057520.0, "trend": 14.712667, "fair_value": 12.712244, "relative_strength": -9.90742, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.190251, "energy": 17.739115, "activity_lines": [ 15.088667, 14.900182, 14.960762, 14.905634 ] }, { "date": "2026-03-06", "close": 14.52, "volume": 17777300, "typical_volume": 37610552.75, "trend": 14.750333, "fair_value": 12.739936, "relative_strength": -11.125052, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.817094, "energy": 11.009745, "activity_lines": [ 14.898667, 14.867818, 14.919048, 14.893204 ] }, { "date": "2026-03-13", "close": 14.49, "volume": 12050322, "typical_volume": 35888295.1, "trend": 14.773667, "fair_value": 12.768269, "relative_strength": -11.773033, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.82881, "energy": 8.838194, "activity_lines": [ 14.74, 14.825273, 14.876095, 14.876409 ] }, { "date": "2026-03-20", "close": 23.33, "volume": 26009477, "typical_volume": 34956033.9, "trend": 15.088, "fair_value": 12.851474, "relative_strength": 45.05732, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.978293, "energy": 81.827529, "activity_lines": [ 17.556667, 16.381818, 15.672095, 15.42843 ] }, { "date": "2026-03-27", "close": 16.790001, "volume": 162171583, "typical_volume": 40608995.85, "trend": 15.169, "fair_value": 12.895192, "relative_strength": 5.133199, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.001788, "energy": 63.620479, "activity_lines": [ 17.658, 16.577273, 15.803476, 15.538237 ] }, { "date": "2026-04-03", "close": 14.82, "volume": 61353429, "typical_volume": 42016403.55, "trend": 15.198333, "fair_value": 12.928333, "relative_strength": -4.315614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.021966, "energy": 52.730967, "activity_lines": [ 16.983334, 16.378727, 15.737095, 15.51572 ] }, { "date": "2026-04-10", "close": 15.8, "volume": 36677195, "typical_volume": 41997017.75, "trend": 15.268333, "fair_value": 12.960449, "relative_strength": -4.700266, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.590652, "energy": 48.116224, "activity_lines": [ 16.653334, 16.353273, 15.765476, 15.554538 ] }, { "date": "2026-04-17", "close": 15.78, "volume": 32217600, "typical_volume": 40479859.6, "trend": 15.333333, "fair_value": 12.993269, "relative_strength": -8.425614, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.449356, "energy": 16.679527, "activity_lines": [ 16.231333, 16.312182, 15.791191, 15.587548 ] }, { "date": "2026-04-24", "close": 15.33, "volume": 27271090, "typical_volume": 37554449.1, "trend": 15.39, "fair_value": 13.024038, "relative_strength": -11.182347, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.590368, "energy": 17.900962, "activity_lines": [ 15.573333, 16.173636, 15.774905, 15.587333 ] }, { "date": "2026-05-01", "close": 15.96, "volume": 23792318, "typical_volume": 35751636.2, "trend": 15.358667, "fair_value": 13.059359, "relative_strength": -8.407873, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.584385, "energy": 14.996954, "activity_lines": [ 15.658667, 16.149091, 15.824429, 15.624108 ] }, { "date": "2026-05-08", "close": 14.42, "volume": 20883937, "typical_volume": 33715470.4, "trend": 15.346667, "fair_value": 13.090256, "relative_strength": -19.324111, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.058837, "energy": 11.459486, "activity_lines": [ 15.286, 15.827091, 15.725714, 15.563548 ] }, { "date": "2026-05-15", "close": 13.58, "volume": 54410885, "typical_volume": 35033109.5, "trend": 15.304, "fair_value": 13.115064, "relative_strength": -23.614886, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.402969, "energy": 23.87313, "activity_lines": [ 14.66, 15.364546, 15.551333, 15.44957 ] }, { "date": "2026-05-22", "close": 13.21, "volume": 29627100, "typical_volume": 35652499.5, "trend": 15.282, "fair_value": 13.137179, "relative_strength": -25.463158, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.344655, "energy": 35.098998, "activity_lines": [ 14.058667, 14.851818, 15.344952, 15.314473 ] }, { "date": "2026-05-29", "close": 12.46, "volume": 23134674, "typical_volume": 36162667.45, "trend": 15.212, "fair_value": 13.154103, "relative_strength": -29.125639, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.504214, "energy": 61.01936, "activity_lines": [ 13.378667, 14.226, 15.071095, 15.132409 ] }, { "date": "2026-06-05", "close": 12.46, "volume": 3995300, "typical_volume": 34616571.45, "trend": 15.138667, "fair_value": 13.166282, "relative_strength": -27.422755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.683231, "energy": 64.465885, "activity_lines": [ 12.89, 13.797818, 14.803952, 14.95486 ] }, { "date": "2026-06-12", "close": 11.69, "volume": 2987900, "typical_volume": 33107655.0, "trend": 15.024333, "fair_value": 13.171538, "relative_strength": -29.763369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.533571, "energy": 67.213017, "activity_lines": [ 12.378, 13.308364, 14.474714, 14.732366 ] }, { "date": "2026-06-19", "close": 11.54, "volume": 14870632, "typical_volume": 32778921.6, "trend": 14.887667, "fair_value": 13.174423, "relative_strength": -34.712821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.371876, "energy": 77.249609, "activity_lines": [ 11.998, 12.848545, 14.144762, 14.50757 ] }, { "date": "2026-06-26", "close": 10.85, "volume": 4310200, "typical_volume": 31447106.05, "trend": 14.717333, "fair_value": 13.174103, "relative_strength": -36.905222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.515752, "energy": 91.967891, "activity_lines": [ 11.524, 12.340727, 13.766238, 14.247075 ] }, { "date": "2026-07-03", "close": 11.16, "volume": 4208700, "typical_volume": 29626610.55, "trend": 14.537667, "fair_value": 13.173333, "relative_strength": -33.636062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.84644, "energy": 89.008611, "activity_lines": [ 11.310667, 11.978909, 13.436619, 14.01757 ] }, { "date": "2026-07-10", "close": 10.6, "volume": 17164300, "typical_volume": 29440227.15, "trend": 14.37, "fair_value": 13.171603, "relative_strength": -33.960587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.36302, "energy": 90.654252, "activity_lines": [ 10.997333, 11.591091, 13.073381, 13.763527 ] }, { "date": "2026-07-17", "close": 9.99, "volume": 17608456, "typical_volume": 29626119.9, "trend": 14.192, "fair_value": 13.161474, "relative_strength": -31.017639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.658148, "energy": 92.065392, "activity_lines": [ 10.604667, 11.189818, 12.673, 13.480946 ] }, { "date": "2026-07-24", "close": 9.74, "volume": 19220105, "typical_volume": 29698260.15, "trend": 14.041333, "fair_value": 13.131154, "relative_strength": -32.433466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.938783, "energy": 84.10165, "activity_lines": [ 10.242, 10.823636, 12.273095, 13.19372 ] }, { "date": "2026-07-31", "close": 10.5, "volume": 18639555, "typical_volume": 30027721.8, "trend": 13.923333, "fair_value": 13.113654, "relative_strength": -25.531234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.167283, "energy": 65.778006, "activity_lines": [ 10.252667, 10.665455, 11.968333, 12.965247 ] }, { "date": "2026-08-07", "close": 10.92, "volume": 19212500, "typical_volume": 29687872.95, "trend": 13.825, "fair_value": 13.107308, "relative_strength": -25.889551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.140699, "energy": 63.799285, "activity_lines": [ 10.426667, 10.632909, 11.722571, 12.771484 ] } ], "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." } } }