{ "ticker": { "uuid": "e68a82ee-6086-47e9-92c7-87cc5f3f81f3", "symbol": "000680", "name": "Shantui Construction Machinery 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 73.035, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -23.749, "architecture_energy": 17.569, "architecture_maturity": 62.532, "architecture_confidence": 70.4, "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": 43.79, "rotation_up": 35.48, "upward_expansion": 22.9, "deceleration": 40.97, "rotation_down": 21.31, "downward_expansion": 54.57 }, "activity_lines": [ 10.828667, 10.550763, 10.747766, 11.039705 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 11.19, "trend_reference": 11.484807, "distance_from_trend": -0.025669, "trend_direction": "Weakening", "fair_value": 8.724571, "distance_from_fair_value": 0.282585, "fair_value_direction": "Weakening", "relative_strength": -2.41746, "relative_strength_direction": "Improving", "price_momentum": -0.098308, "excess_performance": -0.105708, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.025669, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.01683, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.282585, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.167405, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.024175, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.063707, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.098308, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.445533, "read": "Supply-led" } ], "volume": { "latest": 100070573, "relative_activity": 1.059737, "balance": 0.445533, "dry_up": 1.230942, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.073629, "annualized_volatility": 0.346445, "from_high_reference": -0.186182, "from_low_reference": 0.210025 }, "levels": { "trend_reference": 11.484807, "fair_value_reference": 8.724571, "structural_low": 9.68, "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": 10, "median_return": 0.050383, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.026751, "regime_survival": 0.6, "best_return": 0.114014, "worst_return": -0.072687, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.052083, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 5.4e-05, "regime_survival": 0.2, "best_return": 0.318498, "worst_return": -0.033543, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.123837, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.03091, "regime_survival": 0.0, "best_return": 0.370023, "worst_return": 0.010965, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.424987, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.259423, "regime_survival": 0.0, "best_return": 0.481571, "worst_return": 0.142701, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.001033, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-02-21", "tenure": "New", "return": -0.07677, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.067236, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.059096, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-16", "end": "2025-07-04", "tenure": "Developing", "return": 0.014444, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.084126, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-09-05", "tenure": "Developing", "return": -0.04449, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": 0.071837, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-11-21", "tenure": "Developing", "return": -0.030097, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": 0.102317, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-04-03", "tenure": "Established", "return": -0.033825, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": 0.028497, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-06-19", "tenure": "Developing", "return": -0.145589, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.146516, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 5.136969, "volume": 84656493, "typical_volume": 125212632.85, "trend": 4.655014, "fair_value": 4.124619, "relative_strength": 16.236314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.498262, "energy": 42.18767, "activity_lines": [ 5.290398, 5.285134, 5.005546, 4.858626 ] }, { "date": "2023-08-04", "close": 5.166101, "volume": 55058489, "typical_volume": 123326839.85, "trend": 4.695347, "fair_value": 4.134094, "relative_strength": 15.339616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.798857, "energy": 29.385923, "activity_lines": [ 5.22825, 5.282569, 5.039915, 4.891599 ] }, { "date": "2023-08-11", "close": 4.971887, "volume": 80010444, "typical_volume": 123347064.1, "trend": 4.726652, "fair_value": 4.142996, "relative_strength": 15.189578, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.804255, "energy": 20.339422, "activity_lines": [ 5.121432, 5.229311, 5.052899, 4.90944 ] }, { "date": "2023-08-18", "close": 4.845647, "volume": 50857690, "typical_volume": 122386868.95, "trend": 4.75375, "fair_value": 4.150967, "relative_strength": 15.558865, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.726046, "energy": 18.99358, "activity_lines": [ 5.010082, 5.149958, 5.051805, 4.917117 ] }, { "date": "2023-08-25", "close": 4.661145, "volume": 53515695, "typical_volume": 122203869.75, "trend": 4.771504, "fair_value": 4.157816, "relative_strength": 14.324641, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.893172, "energy": 16.485631, "activity_lines": [ 4.871543, 5.045964, 5.031322, 4.911143 ] }, { "date": "2023-09-01", "close": 4.73883, "volume": 89205791, "typical_volume": 123396155.65, "trend": 4.785142, "fair_value": 4.164247, "relative_strength": 12.115785, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.230327, "energy": 18.891067, "activity_lines": [ 4.799036, 4.968356, 5.017205, 4.909035 ] }, { "date": "2023-09-08", "close": 4.622302, "volume": 99992565, "typical_volume": 124829288.5, "trend": 4.789469, "fair_value": 4.170114, "relative_strength": 10.924073, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.900849, "energy": 31.357954, "activity_lines": [ 4.71423, 4.878841, 4.990134, 4.898529 ] }, { "date": "2023-09-15", "close": 4.651433, "volume": 60919228, "typical_volume": 124904691.6, "trend": 4.792211, "fair_value": 4.176534, "relative_strength": 12.682303, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.48083, "energy": 42.800871, "activity_lines": [ 4.675387, 4.809983, 4.96417, 4.889624 ] }, { "date": "2023-09-22", "close": 4.661145, "volume": 55800777, "typical_volume": 125644230.95, "trend": 4.790488, "fair_value": 4.183139, "relative_strength": 12.180314, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.086617, "energy": 42.34744, "activity_lines": [ 4.661145, 4.758958, 4.937827, 4.881168 ] }, { "date": "2023-09-29", "close": 4.661145, "volume": 55415288, "typical_volume": 123867213.55, "trend": 4.786211, "fair_value": 4.189743, "relative_strength": 12.510745, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.057441, "energy": 36.953032, "activity_lines": [ 4.659203, 4.720645, 4.910453, 4.872823 ] }, { "date": "2023-10-13", "close": 4.496062, "volume": 60829959, "typical_volume": 123572424.35, "trend": 4.78601, "fair_value": 4.194801, "relative_strength": 8.615262, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.247881, "energy": 35.308063, "activity_lines": [ 4.602233, 4.663263, 4.86628, 4.854104 ] }, { "date": "2023-10-20", "close": 4.719409, "volume": 296826630, "typical_volume": 135424004.3, "trend": 4.791338, "fair_value": 4.202512, "relative_strength": 19.214611, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.46964, "energy": 25.350674, "activity_lines": [ 4.635897, 4.658143, 4.842996, 4.849807 ] }, { "date": "2023-10-27", "close": 5.117548, "volume": 247054469, "typical_volume": 133879677.75, "trend": 4.810576, "fair_value": 4.213081, "relative_strength": 25.687751, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 10.243653, "energy": 7.812024, "activity_lines": [ 4.7958, 4.733533, 4.855729, 4.870853 ] }, { "date": "2023-11-03", "close": 5.117548, "volume": 169373682, "typical_volume": 118249143.15, "trend": 4.832368, "fair_value": 4.223222, "relative_strength": 23.781548, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.701338, "energy": 17.987124, "activity_lines": [ 4.924629, 4.806276, 4.866945, 4.890657 ] }, { "date": "2023-11-10", "close": 5.098126, "volume": 139224727, "typical_volume": 112391047.0, "trend": 4.854151, "fair_value": 4.232811, "relative_strength": 20.980897, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.909729, "energy": 31.709615, "activity_lines": [ 5.016556, 4.870543, 4.877349, 4.907803 ] }, { "date": "2023-11-17", "close": 5.107837, "volume": 97053333, "typical_volume": 112976444.3, "trend": 4.879452, "fair_value": 4.243196, "relative_strength": 20.475064, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.081721, "energy": 39.589502, "activity_lines": [ 5.082589, 4.92863, 4.889809, 4.92417 ] }, { "date": "2023-11-24", "close": 4.991308, "volume": 72015560, "typical_volume": 109479550.15, "trend": 4.903422, "fair_value": 4.253749, "relative_strength": 18.784446, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.768199, "energy": 35.2049, "activity_lines": [ 5.068994, 4.958822, 4.891843, 4.931386 ] }, { "date": "2023-12-01", "close": 5.010729, "volume": 66320009, "typical_volume": 107489479.4, "trend": 4.924527, "fair_value": 4.264489, "relative_strength": 19.953062, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.619015, "energy": 27.322434, "activity_lines": [ 5.043746, 4.985835, 4.897993, 4.938309 ] }, { "date": "2023-12-08", "close": 4.816515, "volume": 57734044, "typical_volume": 98792677.75, "trend": 4.936923, "fair_value": 4.273678, "relative_strength": 16.732681, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.855898, "energy": 7.451944, "activity_lines": [ 4.960881, 4.971004, 4.888144, 4.931341 ] }, { "date": "2023-12-15", "close": 4.855359, "volume": 48843701, "typical_volume": 97035428.7, "trend": 4.950934, "fair_value": 4.282566, "relative_strength": 19.068384, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.516611, "energy": 10.517499, "activity_lines": [ 4.911033, 4.960411, 4.884583, 4.926079 ] }, { "date": "2023-12-22", "close": 4.777673, "volume": 42978433, "typical_volume": 94951525.7, "trend": 4.962994, "fair_value": 4.289673, "relative_strength": 18.512887, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.944648, "energy": 24.060825, "activity_lines": [ 4.851474, 4.932161, 4.875566, 4.9149 ] }, { "date": "2023-12-29", "close": 4.797094, "volume": 49609894, "typical_volume": 94679095.95, "trend": 4.978893, "fair_value": 4.296783, "relative_strength": 14.525621, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.651143, "energy": 26.48081, "activity_lines": [ 4.8204, 4.902323, 4.870109, 4.904197 ] }, { "date": "2024-01-05", "close": 4.797094, "volume": 67104453, "typical_volume": 94033796.4, "trend": 4.978828, "fair_value": 4.305114, "relative_strength": 18.80113, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.967084, "energy": 27.210192, "activity_lines": [ 4.802273, 4.871072, 4.86641, 4.892468 ] }, { "date": "2024-01-12", "close": 4.952466, "volume": 83505896, "typical_volume": 95666206.7, "trend": 4.966062, "fair_value": 4.314502, "relative_strength": 23.263196, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.936646, "energy": 20.21125, "activity_lines": [ 4.85018, 4.873897, 4.87834, 4.890767 ] }, { "date": "2024-01-19", "close": 4.748541, "volume": 93143892, "typical_volume": 97647616.55, "trend": 4.946498, "fair_value": 4.322339, "relative_strength": 20.042358, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.699302, "energy": 24.807745, "activity_lines": [ 4.821047, 4.842646, 4.870341, 4.876734 ] }, { "date": "2024-01-26", "close": 5.292341, "volume": 282188827, "typical_volume": 107296768.35, "trend": 4.947934, "fair_value": 4.333295, "relative_strength": 32.712872, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.195645, "energy": 19.040248, "activity_lines": [ 4.980303, 4.916624, 4.913715, 4.899046 ] }, { "date": "2024-02-02", "close": 5.525398, "volume": 303710308, "typical_volume": 117482655.5, "trend": 4.949876, "fair_value": 4.347028, "relative_strength": 48.567191, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.938607, "energy": 50.716346, "activity_lines": [ 5.182934, 5.029622, 4.97665, 4.936302 ] }, { "date": "2024-02-09", "close": 5.729323, "volume": 266124084, "typical_volume": 127742898.3, "trend": 4.95635, "fair_value": 4.359503, "relative_strength": 39.011405, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 77.133038, "energy": 75.718993, "activity_lines": [ 5.404985, 5.169986, 5.054706, 4.986589 ] }, { "date": "2024-02-23", "close": 6.156594, "volume": 271099121, "typical_volume": 138507815.5, "trend": 4.982893, "fair_value": 4.374044, "relative_strength": 43.486476, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.022943, "energy": 86.593249, "activity_lines": [ 5.707312, 5.37497, 5.168321, 5.064024 ] }, { "date": "2024-03-01", "close": 6.195437, "volume": 203824346, "typical_volume": 145928268.4, "trend": 5.013967, "fair_value": 4.388224, "relative_strength": 37.312266, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.649141, "energy": 86.881488, "activity_lines": [ 5.942311, 5.562652, 5.278514, 5.142253 ] }, { "date": "2024-03-08", "close": 6.77808, "volume": 168827895, "typical_volume": 151328165.2, "trend": 5.068671, "fair_value": 4.409682, "relative_strength": 49.335595, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.878907, "energy": 94.245517, "activity_lines": [ 6.275065, 5.831903, 5.436892, 5.256066 ] }, { "date": "2024-03-15", "close": 6.535312, "volume": 147563474, "typical_volume": 143865007.4, "trend": 5.114311, "fair_value": 4.427995, "relative_strength": 38.817052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.898135, "energy": 87.782508, "activity_lines": [ 6.427847, 6.020644, 5.561281, 5.350688 ] }, { "date": "2024-03-22", "close": 6.321677, "volume": 91436611, "typical_volume": 136084114.5, "trend": 5.159304, "fair_value": 4.44335, "relative_strength": 33.539384, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.624869, "energy": 75.829606, "activity_lines": [ 6.442089, 6.138939, 5.656677, 5.428583 ] }, { "date": "2024-03-29", "close": 8.030764, "volume": 317909701, "typical_volume": 143510915.45, "trend": 5.265474, "fair_value": 4.468745, "relative_strength": 69.648146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.224915, "energy": 86.124916, "activity_lines": [ 6.986537, 6.540256, 5.90911, 5.613839 ] }, { "date": "2024-04-05", "close": 8.118159, "volume": 125807991, "typical_volume": 142840078.65, "trend": 5.380708, "fair_value": 4.493967, "relative_strength": 65.990698, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.19935, "energy": 85.861113, "activity_lines": [ 7.435172, 6.901495, 6.155993, 5.797883 ] }, { "date": "2024-04-12", "close": 8.263821, "volume": 224231978, "typical_volume": 149199010.9, "trend": 5.498208, "fair_value": 4.521161, "relative_strength": 71.452045, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.977595, "energy": 85.302893, "activity_lines": [ 7.80418, 7.227952, 6.402368, 5.98389 ] }, { "date": "2024-04-19", "close": 8.458035, "volume": 271280398, "typical_volume": 159162252.8, "trend": 5.626066, "fair_value": 4.550333, "relative_strength": 71.109982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.353449, "energy": 87.138249, "activity_lines": [ 8.138876, 7.535693, 6.652211, 6.174847 ] }, { "date": "2024-04-26", "close": 8.011341, "volume": 183788244, "typical_volume": 165035664.55, "trend": 5.738063, "fair_value": 4.576886, "relative_strength": 56.218737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.850057, "energy": 70.916612, "activity_lines": [ 8.196493, 7.708897, 6.843004, 6.328735 ] }, { "date": "2024-05-03", "close": 7.85597, "volume": 108779410, "typical_volume": 167587932.85, "trend": 5.844557, "fair_value": 4.601099, "relative_strength": 48.862388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.861048, "energy": 61.977215, "activity_lines": [ 8.089675, 7.81236, 7.00471, 6.465374 ] }, { "date": "2024-05-10", "close": 8.700803, "volume": 210733067, "typical_volume": 175682401.15, "trend": 5.979212, "fair_value": 4.629995, "relative_strength": 59.596717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.073252, "energy": 63.724607, "activity_lines": [ 8.276121, 8.038532, 7.232403, 6.649648 ] }, { "date": "2024-05-17", "close": 8.224977, "volume": 123285597, "typical_volume": 179697759.35, "trend": 6.103509, "fair_value": 4.655291, "relative_strength": 48.909694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.88472, "energy": 53.146497, "activity_lines": [ 8.265115, 8.132637, 7.396468, 6.794536 ] }, { "date": "2024-05-24", "close": 8.157002, "volume": 104535282, "typical_volume": 182444028.75, "trend": 6.218096, "fair_value": 4.681617, "relative_strength": 49.800148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.611969, "energy": 49.620133, "activity_lines": [ 8.234041, 8.188077, 7.537644, 6.92702 ] }, { "date": "2024-05-31", "close": 7.914233, "volume": 114404690, "typical_volume": 184809040.6, "trend": 6.311319, "fair_value": 4.707303, "relative_strength": 44.131709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.877023, "energy": 42.193492, "activity_lines": [ 8.142112, 8.169891, 7.639698, 7.036448 ] }, { "date": "2024-06-07", "close": 7.807416, "volume": 123222637, "typical_volume": 186794877.65, "trend": 6.400981, "fair_value": 4.731816, "relative_strength": 41.775319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.380498, "energy": 32.256704, "activity_lines": [ 8.021052, 8.103328, 7.716737, 7.132971 ] }, { "date": "2024-06-14", "close": 8.079316, "volume": 131194231, "typical_volume": 188697394.6, "trend": 6.500354, "fair_value": 4.758072, "relative_strength": 44.723562, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.92356, "energy": 27.700504, "activity_lines": [ 7.993862, 8.090263, 7.806075, 7.24125 ] }, { "date": "2024-06-21", "close": 8.652249, "volume": 174997676, "typical_volume": 183337837.05, "trend": 6.618501, "fair_value": 4.7891, "relative_strength": 55.904046, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.518393, "energy": 36.484825, "activity_lines": [ 8.199082, 8.182073, 7.934118, 7.380082 ] }, { "date": "2024-06-28", "close": 9.151533, "volume": 154262573, "typical_volume": 175865450.3, "trend": 6.757175, "fair_value": 4.82284, "relative_strength": 65.996402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.106284, "energy": 49.332074, "activity_lines": [ 8.542245, 8.3576, 8.093712, 7.543504 ] }, { "date": "2024-07-05", "close": 8.282779, "volume": 175008794, "typical_volume": 171309685.8, "trend": 6.866243, "fair_value": 4.851988, "relative_strength": 50.662259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.383368, "energy": 41.201177, "activity_lines": [ 8.529521, 8.362563, 8.1533, 7.64193 ] }, { "date": "2024-07-12", "close": 7.897762, "volume": 159445752, "typical_volume": 165727017.35, "trend": 6.968952, "fair_value": 4.878912, "relative_strength": 39.406742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.469599, "energy": 36.009039, "activity_lines": [ 8.363889, 8.292587, 8.164061, 7.708479 ] }, { "date": "2024-07-19", "close": 7.058625, "volume": 159784694, "typical_volume": 163525034.75, "trend": 7.042394, "fair_value": 4.900947, "relative_strength": 22.856538, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 5.281666, "energy": 6.375374, "activity_lines": [ 7.912522, 8.069282, 8.086613, 7.714265 ] }, { "date": "2024-07-26", "close": 6.624249, "volume": 194449321, "typical_volume": 164806106.05, "trend": 7.103946, "fair_value": 4.919524, "relative_strength": 18.38906, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -11.144819, "energy": 22.948732, "activity_lines": [ 7.384408, 7.796856, 7.963685, 7.687288 ] }, { "date": "2024-08-02", "close": 6.762459, "volume": 135820474, "typical_volume": 164218956.05, "trend": 7.169459, "fair_value": 4.939294, "relative_strength": 20.395011, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -26.51299, "energy": 34.92416, "activity_lines": [ 7.037565, 7.578664, 7.854652, 7.665256 ] }, { "date": "2024-08-09", "close": 6.604504, "volume": 87883226, "typical_volume": 164041286.8, "trend": 7.229706, "fair_value": 4.957806, "relative_strength": 18.695654, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.672593, "energy": 53.492105, "activity_lines": [ 6.797341, 7.357108, 7.729495, 7.628807 ] }, { "date": "2024-08-16", "close": 6.387315, "volume": 59859316, "typical_volume": 151138767.55, "trend": 7.277534, "fair_value": 4.975293, "relative_strength": 14.381994, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.068329, "energy": 61.649784, "activity_lines": [ 6.596606, 7.119876, 7.582305, 7.57446 ] }, { "date": "2024-08-23", "close": 6.752587, "volume": 87717866, "typical_volume": 149234261.3, "trend": 7.344335, "fair_value": 4.994693, "relative_strength": 22.122467, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.4464, "energy": 55.77907, "activity_lines": [ 6.618325, 6.974878, 7.47773, 7.540592 ] }, { "date": "2024-08-30", "close": 6.72297, "volume": 96608872, "typical_volume": 142853106.0, "trend": 7.392023, "fair_value": 5.015248, "relative_strength": 18.012649, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.686721, "energy": 41.833919, "activity_lines": [ 6.650574, 6.848616, 7.376837, 7.500504 ] }, { "date": "2024-09-06", "close": 6.574887, "volume": 75741787, "typical_volume": 133076175.45, "trend": 7.427006, "fair_value": 5.03302, "relative_strength": 17.350915, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.648907, "energy": 34.189333, "activity_lines": [ 6.626881, 6.730509, 7.269178, 7.447786 ] }, { "date": "2024-09-13", "close": 6.643992, "volume": 72641858, "typical_volume": 127518856.15, "trend": 7.457495, "fair_value": 5.050258, "relative_strength": 19.505952, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.94429, "energy": 38.41727, "activity_lines": [ 6.638727, 6.671814, 7.177068, 7.397269 ] }, { "date": "2024-09-20", "close": 7.098114, "volume": 86712780, "typical_volume": 126415524.65, "trend": 7.488879, "fair_value": 5.070835, "relative_strength": 24.746729, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.707326, "energy": 29.26205, "activity_lines": [ 6.799315, 6.725483, 7.134719, 7.374083 ] }, { "date": "2024-09-27", "close": 7.720063, "volume": 161660944, "typical_volume": 123961918.5, "trend": 7.5397, "fair_value": 5.094299, "relative_strength": 14.049245, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.369262, "energy": 15.519589, "activity_lines": [ 7.119833, 6.906773, 7.155211, 7.388998 ] }, { "date": "2024-10-04", "close": 8.282779, "volume": 59559295, "typical_volume": 120775603.4, "trend": 7.589856, "fair_value": 5.120882, "relative_strength": 9.594834, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.429059, "energy": 20.317974, "activity_lines": [ 7.563424, 7.178348, 7.233966, 7.436938 ] }, { "date": "2024-10-11", "close": 7.611469, "volume": 195315487, "typical_volume": 125314613.65, "trend": 7.625728, "fair_value": 5.142612, "relative_strength": 4.579412, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.747881, "energy": 26.036373, "activity_lines": [ 7.679258, 7.297712, 7.248512, 7.438333 ] }, { "date": "2024-10-18", "close": 7.591724, "volume": 124921172, "typical_volume": 125840437.75, "trend": 7.668063, "fair_value": 5.163359, "relative_strength": 0.552222, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.421888, "energy": 29.092108, "activity_lines": [ 7.719405, 7.39805, 7.263775, 7.436139 ] }, { "date": "2024-10-25", "close": 8.124823, "volume": 166983980, "typical_volume": 128028504.9, "trend": 7.671199, "fair_value": 5.188257, "relative_strength": 4.208873, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.232937, "energy": 41.253936, "activity_lines": [ 7.874069, 7.577365, 7.331344, 7.465607 ] }, { "date": "2024-11-01", "close": 9.536549, "volume": 256042775, "typical_volume": 134270932.1, "trend": 7.718478, "fair_value": 5.22361, "relative_strength": 22.987232, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.096992, "energy": 64.98051, "activity_lines": [ 8.430862, 7.981766, 7.531853, 7.585952 ] }, { "date": "2024-11-08", "close": 9.398338, "volume": 243070272, "typical_volume": 137674561.9, "trend": 7.756295, "fair_value": 5.257955, "relative_strength": 12.594101, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.133028, "energy": 71.139984, "activity_lines": [ 8.820485, 8.310421, 7.712259, 7.69433 ] }, { "date": "2024-11-15", "close": 8.924471, "volume": 237076544, "typical_volume": 141815260.45, "trend": 7.771843, "fair_value": 5.290483, "relative_strength": 10.11807, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.473016, "energy": 64.266978, "activity_lines": [ 8.977782, 8.504275, 7.843983, 7.769697 ] }, { "date": "2024-11-22", "close": 9.970925, "volume": 224149913, "typical_volume": 144272316.4, "trend": 7.837163, "fair_value": 5.330333, "relative_strength": 25.27014, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.664764, "energy": 82.141857, "activity_lines": [ 9.396363, 8.845674, 8.076449, 7.911573 ] }, { "date": "2024-11-29", "close": 10.296708, "volume": 175051210, "typical_volume": 145052589.3, "trend": 7.918521, "fair_value": 5.372944, "relative_strength": 25.785207, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.866341, "energy": 81.111171, "activity_lines": [ 9.764925, 9.185816, 8.331904, 8.070253 ] }, { "date": "2024-12-06", "close": 10.119008, "volume": 108714833, "typical_volume": 142499096.25, "trend": 7.965794, "fair_value": 5.415029, "relative_strength": 20.290722, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.340229, "energy": 72.27978, "activity_lines": [ 9.929462, 9.435493, 8.559012, 8.21222 ] }, { "date": "2024-12-13", "close": 9.645143, "volume": 131110550, "typical_volume": 139332157.7, "trend": 8.013133, "fair_value": 5.452974, "relative_strength": 14.377414, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.607268, "energy": 62.929107, "activity_lines": [ 9.897213, 9.555395, 8.726416, 8.320565 ] }, { "date": "2024-12-20", "close": 9.358849, "volume": 112939578, "typical_volume": 138188112.9, "trend": 8.053195, "fair_value": 5.488777, "relative_strength": 10.696851, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.847262, "energy": 48.702804, "activity_lines": [ 9.753079, 9.598474, 8.85217, 8.407386 ] }, { "date": "2024-12-27", "close": 9.536549, "volume": 98030220, "typical_volume": 138695462.6, "trend": 8.107272, "fair_value": 5.525904, "relative_strength": 11.639424, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.625628, "energy": 37.371276, "activity_lines": [ 9.63922, 9.642091, 8.982483, 8.503086 ] }, { "date": "2025-01-03", "close": 9.724121, "volume": 114857642, "typical_volume": 141445378.9, "trend": 8.171162, "fair_value": 5.563253, "relative_strength": 21.21651, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.164914, "energy": 32.671328, "activity_lines": [ 9.616843, 9.684452, 9.116698, 8.607399 ] }, { "date": "2025-01-10", "close": 9.585939, "volume": 136712294, "typical_volume": 143895100.3, "trend": 8.221383, "fair_value": 5.599716, "relative_strength": 19.44626, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.720905, "energy": 29.986778, "activity_lines": [ 9.586578, 9.672611, 9.221863, 8.698675 ] }, { "date": "2025-01-17", "close": 9.962248, "volume": 148054363, "typical_volume": 146467374.85, "trend": 8.265049, "fair_value": 5.637856, "relative_strength": 18.476042, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.139902, "energy": 33.433107, "activity_lines": [ 9.717287, 9.728291, 9.349375, 8.810989 ] }, { "date": "2025-01-24", "close": 9.595842, "volume": 111489294, "typical_volume": 148254750.2, "trend": 8.27986, "fair_value": 5.674015, "relative_strength": 11.644807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.091441, "energy": 29.763696, "activity_lines": [ 9.704721, 9.7071, 9.426566, 8.896846 ] }, { "date": "2025-01-31", "close": 9.932539, "volume": 33307941, "typical_volume": 146288054.35, "trend": 8.334852, "fair_value": 5.711475, "relative_strength": 16.117061, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.163812, "energy": 36.793225, "activity_lines": [ 9.788587, 9.734919, 9.521438, 9.003471 ] }, { "date": "2025-02-07", "close": 9.853315, "volume": 148648759, "typical_volume": 149384853.3, "trend": 8.400037, "fair_value": 5.748183, "relative_strength": 9.999842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.787077, "energy": 35.734373, "activity_lines": [ 9.819646, 9.749032, 9.593105, 9.101436 ] }, { "date": "2025-02-14", "close": 9.486911, "volume": 166180527, "typical_volume": 149610832.45, "trend": 8.48098, "fair_value": 5.783644, "relative_strength": 3.652008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.312991, "energy": 28.919483, "activity_lines": [ 9.719958, 9.704587, 9.616757, 9.171557 ] }, { "date": "2025-02-21", "close": 9.170021, "volume": 126716600, "typical_volume": 152968697.7, "trend": 8.565839, "fair_value": 5.817502, "relative_strength": -2.358197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.093292, "energy": 18.72164, "activity_lines": [ 9.521241, 9.614019, 9.601815, 9.216011 ] }, { "date": "2025-02-28", "close": 9.278952, "volume": 209759671, "typical_volume": 153690906.9, "trend": 8.649722, "fair_value": 5.853467, "relative_strength": 1.841907, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.541744, "energy": 13.493561, "activity_lines": [ 9.41165, 9.551895, 9.593022, 9.262018 ] }, { "date": "2025-03-07", "close": 10.437584, "volume": 258575836, "typical_volume": 160373640.1, "trend": 8.777491, "fair_value": 5.894164, "relative_strength": 11.505323, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.214008, "energy": 28.096059, "activity_lines": [ 9.709395, 9.701885, 9.686635, 9.377364 ] }, { "date": "2025-03-14", "close": 10.071178, "volume": 141880403, "typical_volume": 159118461.25, "trend": 8.900287, "fair_value": 5.93184, "relative_strength": 5.71281, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.086017, "energy": 28.858167, "activity_lines": [ 9.851336, 9.768872, 9.731801, 9.460828 ] }, { "date": "2025-03-21", "close": 9.724579, "volume": 102642190, "typical_volume": 151448432.0, "trend": 8.999353, "fair_value": 5.96815, "relative_strength": 4.276171, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.990508, "energy": 29.027434, "activity_lines": [ 9.863219, 9.766531, 9.734688, 9.514008 ] }, { "date": "2025-03-28", "close": 9.397785, "volume": 78406876, "typical_volume": 143215262.2, "trend": 9.088513, "fair_value": 6.002427, "relative_strength": 1.463169, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.044044, "energy": 21.339166, "activity_lines": [ 9.750326, 9.702253, 9.705557, 9.539714 ] }, { "date": "2025-04-04", "close": 8.605559, "volume": 99158253, "typical_volume": 136319347.65, "trend": 9.156203, "fair_value": 6.0323, "relative_strength": -4.881984, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.384184, "energy": 10.427344, "activity_lines": [ 9.358174, 9.504196, 9.600979, 9.508555 ] }, { "date": "2025-04-11", "close": 8.655074, "volume": 166074121, "typical_volume": 133415558.05, "trend": 9.223239, "fair_value": 6.063653, "relative_strength": 0.867737, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.324788, "energy": 29.42969, "activity_lines": [ 9.02742, 9.333147, 9.502634, 9.476224 ] }, { "date": "2025-04-18", "close": 8.546143, "volume": 92887812, "typical_volume": 129307388.15, "trend": 9.271506, "fair_value": 6.094614, "relative_strength": 0.219222, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.14843, "energy": 51.008556, "activity_lines": [ 8.779189, 9.165519, 9.400182, 9.432541 ] }, { "date": "2025-04-25", "close": 9.1007, "volume": 129330370, "typical_volume": 130338165.0, "trend": 9.317528, "fair_value": 6.128518, "relative_strength": 5.100222, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.221967, "energy": 48.429017, "activity_lines": [ 8.81748, 9.122487, 9.35888, 9.421521 ] }, { "date": "2025-05-02", "close": 8.625365, "volume": 69882507, "typical_volume": 127276762.85, "trend": 9.328947, "fair_value": 6.157293, "relative_strength": -0.329555, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.870427, "energy": 46.716944, "activity_lines": [ 8.738917, 9.000052, 9.277158, 9.376865 ] }, { "date": "2025-05-09", "close": 9.051188, "volume": 79988225, "typical_volume": 125629195.2, "trend": 9.376938, "fair_value": 6.188736, "relative_strength": 2.247198, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.355478, "energy": 35.366113, "activity_lines": [ 8.853791, 8.964942, 9.240846, 9.358945 ] }, { "date": "2025-05-16", "close": 8.912547, "volume": 61330614, "typical_volume": 123794214.9, "trend": 9.420965, "fair_value": 6.221311, "relative_strength": 0.096541, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.729765, "energy": 26.869608, "activity_lines": [ 8.892742, 8.908766, 9.192795, 9.328985 ] }, { "date": "2025-05-23", "close": 8.813519, "volume": 72211579, "typical_volume": 121661911.75, "trend": 9.443922, "fair_value": 6.25515, "relative_strength": -0.564111, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.369282, "energy": 25.060413, "activity_lines": [ 8.881518, 8.862313, 9.138285, 9.289795 ] }, { "date": "2025-05-30", "close": 9.041284, "volume": 103480035, "typical_volume": 120000298.8, "trend": 9.427413, "fair_value": 6.286897, "relative_strength": 2.812948, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.805064, "energy": 19.303493, "activity_lines": [ 8.928392, 8.880138, 9.109802, 9.263818 ] }, { "date": "2025-06-06", "close": 9.110604, "volume": 65371075, "typical_volume": 115866134.4, "trend": 9.417822, "fair_value": 6.313209, "relative_strength": 2.031254, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.553427, "energy": 18.215973, "activity_lines": [ 9.002333, 8.92299, 9.090515, 9.243379 ] }, { "date": "2025-06-13", "close": 8.922451, "volume": 76438971, "typical_volume": 114113618.25, "trend": 9.417754, "fair_value": 6.3415, "relative_strength": 0.513906, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.578255, "energy": 17.686663, "activity_lines": [ 8.981207, 8.936854, 9.057364, 9.211419 ] }, { "date": "2025-06-20", "close": 8.7442, "volume": 55196653, "typical_volume": 115208053.85, "trend": 9.376864, "fair_value": 6.365892, "relative_strength": -0.165172, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.619524, "energy": 23.486249, "activity_lines": [ 8.909247, 8.912548, 9.010444, 9.167964 ] }, { "date": "2025-06-27", "close": 9.011576, "volume": 89034294, "typical_volume": 112227330.6, "trend": 9.334026, "fair_value": 6.393346, "relative_strength": -0.452483, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.45979, "energy": 17.104888, "activity_lines": [ 8.937635, 8.935234, 8.994647, 9.144397 ] }, { "date": "2025-07-04", "close": 9.041284, "volume": 92504662, "typical_volume": 108543537.35, "trend": 9.298102, "fair_value": 6.421663, "relative_strength": -1.160968, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.685425, "energy": 16.871541, "activity_lines": [ 8.962722, 8.95486, 8.985687, 9.125511 ] }, { "date": "2025-07-11", "close": 9.219535, "volume": 93880398, "typical_volume": 106901727.25, "trend": 9.283915, "fair_value": 6.449837, "relative_strength": -0.91185, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.128169, "energy": 7.83513, "activity_lines": [ 9.047226, 9.007975, 8.995826, 9.120442 ] }, { "date": "2025-07-18", "close": 9.21785, "volume": 86689361, "typical_volume": 100748211.75, "trend": 9.279215, "fair_value": 6.479409, "relative_strength": -3.017519, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.087785, "energy": 9.815019, "activity_lines": [ 9.123906, 9.04998, 9.005568, 9.11618 ] }, { "date": "2025-07-25", "close": 9.995139, "volume": 361207414, "typical_volume": 105879790.65, "trend": 9.294501, "fair_value": 6.508452, "relative_strength": 2.484301, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.334767, "energy": 38.877355, "activity_lines": [ 9.43999, 9.230281, 9.089629, 9.162368 ] }, { "date": "2025-08-01", "close": 9.855626, "volume": 313989835, "typical_volume": 114485262.25, "trend": 9.298885, "fair_value": 6.536662, "relative_strength": 2.440204, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.528222, "energy": 45.670542, "activity_lines": [ 9.626173, 9.365532, 9.162509, 9.19857 ] }, { "date": "2025-08-08", "close": 10.035, "volume": 176604867, "typical_volume": 118183396.1, "trend": 9.313853, "fair_value": 6.567525, "relative_strength": 2.757945, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.891613, "energy": 55.938774, "activity_lines": [ 9.815877, 9.51445, 9.2535, 9.246061 ] }, { "date": "2025-08-15", "close": 9.915417, "volume": 130376996, "typical_volume": 120781902.1, "trend": 9.312292, "fair_value": 6.596331, "relative_strength": -3.067724, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.920145, "energy": 56.518443, "activity_lines": [ 9.899473, 9.623557, 9.331623, 9.284872 ] }, { "date": "2025-08-22", "close": 9.835695, "volume": 122385662, "typical_volume": 121943272.55, "trend": 9.320287, "fair_value": 6.626345, "relative_strength": -8.012943, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.676956, "energy": 46.084512, "activity_lines": [ 9.910102, 9.703537, 9.399689, 9.31864 ] }, { "date": "2025-08-29", "close": 9.596529, "volume": 142763051, "typical_volume": 120777719.05, "trend": 9.309087, "fair_value": 6.658019, "relative_strength": -13.903852, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 55.360592, "energy": 36.335651, "activity_lines": [ 9.79982, 9.723427, 9.43912, 9.336462 ] }, { "date": "2025-09-05", "close": 9.417154, "volume": 86635553, "typical_volume": 120465106.1, "trend": 9.294548, "fair_value": 6.688052, "relative_strength": -14.691174, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 39.819936, "energy": 22.483038, "activity_lines": [ 9.65632, 9.695207, 9.456984, 9.343434 ] }, { "date": "2025-09-12", "close": 9.656321, "volume": 118832539, "typical_volume": 119940214.55, "trend": 9.300195, "fair_value": 6.720171, "relative_strength": -14.62304, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.891051, "energy": 17.584828, "activity_lines": [ 9.621774, 9.703097, 9.493478, 9.366774 ] }, { "date": "2025-09-19", "close": 10.114721, "volume": 168355986, "typical_volume": 124863888.5, "trend": 9.331685, "fair_value": 6.755658, "relative_strength": -11.369152, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.504944, "energy": 23.862304, "activity_lines": [ 9.765274, 9.783151, 9.570983, 9.419324 ] }, { "date": "2025-09-26", "close": 9.89, "volume": 226349507, "typical_volume": 132181952.6, "trend": 9.352054, "fair_value": 6.790994, "relative_strength": -14.126117, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.598624, "energy": 26.180981, "activity_lines": [ 9.820579, 9.80607, 9.619994, 9.455344 ] }, { "date": "2025-10-03", "close": 10.35, "volume": 82764480, "typical_volume": 133253645.9, "trend": 9.349134, "fair_value": 6.827621, "relative_strength": -12.199944, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.040759, "energy": 44.825569, "activity_lines": [ 10.025597, 9.900404, 9.708821, 9.519728 ] }, { "date": "2025-10-10", "close": 10.3, "volume": 66499629, "typical_volume": 132968048.4, "trend": 9.356762, "fair_value": 6.866322, "relative_strength": -11.533408, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.333964, "energy": 52.107603, "activity_lines": [ 10.163718, 9.979196, 9.78604, 9.581074 ] }, { "date": "2025-10-17", "close": 11.49, "volume": 369502486, "typical_volume": 146269170.95, "trend": 9.415609, "fair_value": 6.913388, "relative_strength": 3.477107, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.003117, "energy": 69.261017, "activity_lines": [ 10.639648, 10.266272, 9.969515, 9.718702 ] }, { "date": "2025-10-24", "close": 11.75, "volume": 205841164, "typical_volume": 153292675.4, "trend": 9.494016, "fair_value": 6.963656, "relative_strength": 0.775259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.321034, "energy": 82.029313, "activity_lines": [ 11.08, 10.574166, 10.16609, 9.869308 ] }, { "date": "2025-10-31", "close": 11.57, "volume": 202438283, "typical_volume": 159592641.0, "trend": 9.592831, "fair_value": 7.011849, "relative_strength": -1.326672, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.734629, "energy": 82.101949, "activity_lines": [ 11.351333, 10.815976, 10.332955, 10.003243 ] }, { "date": "2025-11-07", "close": 11.3, "volume": 155745511, "typical_volume": 164620083.9, "trend": 9.680995, "fair_value": 7.058312, "relative_strength": -3.817319, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.645034, "energy": 77.899873, "activity_lines": [ 11.420667, 10.977163, 10.461497, 10.113383 ] }, { "date": "2025-11-14", "close": 10.4, "volume": 112580161, "typical_volume": 165797377.25, "trend": 9.74279, "fair_value": 7.100417, "relative_strength": -10.132995, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.279133, "energy": 51.261143, "activity_lines": [ 11.126667, 10.943741, 10.492155, 10.15977 ] }, { "date": "2025-11-21", "close": 9.99, "volume": 71857520, "typical_volume": 164765020.15, "trend": 9.772433, "fair_value": 7.137192, "relative_strength": -8.690431, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.437418, "energy": 22.93216, "activity_lines": [ 10.689333, 10.817904, 10.477154, 10.175719 ] }, { "date": "2025-11-28", "close": 10.36, "volume": 100667952, "typical_volume": 165104397.85, "trend": 9.830255, "fair_value": 7.175603, "relative_strength": -8.212526, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.190231, "energy": 21.388707, "activity_lines": [ 10.475333, 10.753273, 10.492873, 10.213627 ] }, { "date": "2025-12-05", "close": 10.86, "volume": 85961871, "typical_volume": 165068023.35, "trend": 9.890548, "fair_value": 7.218262, "relative_strength": -4.744509, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.924706, "energy": 23.403143, "activity_lines": [ 10.520667, 10.775091, 10.55078, 10.280062 ] }, { "date": "2025-12-12", "close": 11.04, "volume": 129685408, "typical_volume": 153491923.05, "trend": 9.961464, "fair_value": 7.261584, "relative_strength": -3.829598, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.598897, "energy": 20.458644, "activity_lines": [ 10.673333, 10.812, 10.618011, 10.35422 ] }, { "date": "2025-12-19", "close": 11.42, "volume": 119983503, "typical_volume": 143791606.45, "trend": 10.048346, "fair_value": 7.307342, "relative_strength": 0.397068, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.642994, "energy": 33.804312, "activity_lines": [ 10.97, 10.905455, 10.716456, 10.448319 ] }, { "date": "2025-12-26", "close": 11.53, "volume": 115254491, "typical_volume": 140724087.65, "trend": 10.131303, "fair_value": 7.353375, "relative_strength": -1.988347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.099551, "energy": 48.298235, "activity_lines": [ 11.235333, 10.998545, 10.817928, 10.54391 ] }, { "date": "2026-01-02", "close": 11.97, "volume": 78623967, "typical_volume": 138136436.2, "trend": 10.226617, "fair_value": 7.403395, "relative_strength": 2.567645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.786748, "energy": 64.085934, "activity_lines": [ 11.544667, 11.170909, 10.954186, 10.662535 ] }, { "date": "2026-01-09", "close": 12.47, "volume": 142728575, "typical_volume": 139153581.85, "trend": 10.344868, "fair_value": 7.458156, "relative_strength": 2.566586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.026473, "energy": 73.834608, "activity_lines": [ 11.913333, 11.430182, 11.128279, 10.80727 ] }, { "date": "2026-01-16", "close": 12.43, "volume": 104714338, "typical_volume": 137251146.2, "trend": 10.467728, "fair_value": 7.512475, "relative_strength": 1.334513, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.898898, "energy": 79.189772, "activity_lines": [ 12.161333, 11.665818, 11.286019, 10.941794 ] }, { "date": "2026-01-23", "close": 12.63, "volume": 127833532, "typical_volume": 139311045.15, "trend": 10.588342, "fair_value": 7.567586, "relative_strength": 1.965749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.258726, "energy": 81.018651, "activity_lines": [ 12.383333, 11.917273, 11.449313, 11.081296 ] }, { "date": "2026-01-30", "close": 12.41, "volume": 98895817, "typical_volume": 138314209.05, "trend": 10.700633, "fair_value": 7.621287, "relative_strength": 2.077264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.327663, "energy": 75.963719, "activity_lines": [ 12.451333, 12.088182, 11.576356, 11.198822 ] }, { "date": "2026-02-06", "close": 12.8, "volume": 123132462, "typical_volume": 136053032.85, "trend": 10.819982, "fair_value": 7.676873, "relative_strength": 7.577242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.685088, "energy": 70.857696, "activity_lines": [ 12.590667, 12.286, 11.727429, 11.334265 ] }, { "date": "2026-02-13", "close": 13.05, "volume": 74273053, "typical_volume": 128449210.15, "trend": 10.94772, "fair_value": 7.732773, "relative_strength": 8.069152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.343195, "energy": 63.314185, "activity_lines": [ 12.758, 12.484909, 11.889524, 11.478137 ] }, { "date": "2026-02-27", "close": 13.46, "volume": 57257746, "typical_volume": 127173873.45, "trend": 11.063215, "fair_value": 7.790256, "relative_strength": 8.198623, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.114628, "energy": 63.514103, "activity_lines": [ 13.023333, 12.718545, 12.075619, 11.64022 ] }, { "date": "2026-03-06", "close": 12.97, "volume": 95565017, "typical_volume": 128627142.85, "trend": 11.167028, "fair_value": 7.844108, "relative_strength": 6.534737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.908399, "energy": 54.501234, "activity_lines": [ 13.056667, 12.819091, 12.200238, 11.763238 ] }, { "date": "2026-03-13", "close": 11.95, "volume": 107738360, "typical_volume": 115538936.55, "trend": 11.230861, "fair_value": 7.8905, "relative_strength": -2.311806, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.133127, "energy": 42.128906, "activity_lines": [ 12.727333, 12.706, 12.215, 11.813753 ] }, { "date": "2026-03-20", "close": 10.71, "volume": 133887515, "typical_volume": 111941254.1, "trend": 11.257347, "fair_value": 7.928452, "relative_strength": -9.536355, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.715274, "energy": 12.252478, "activity_lines": [ 12.015333, 12.359818, 12.109476, 11.780149 ] }, { "date": "2026-03-27", "close": 11.66, "volume": 184211839, "typical_volume": 111029931.9, "trend": 11.318158, "fair_value": 7.974336, "relative_strength": -0.614581, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.443551, "energy": 22.707203, "activity_lines": [ 11.759333, 12.209273, 12.099381, 11.806126 ] }, { "date": "2026-04-03", "close": 11.14, "volume": 112700301, "typical_volume": 108877671.4, "trend": 11.369607, "fair_value": 8.016519, "relative_strength": -2.035099, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -3.652956, "energy": 23.739289, "activity_lines": [ 11.422667, 11.978909, 12.039333, 11.794632 ] }, { "date": "2026-04-10", "close": 11.475863, "volume": 92599508, "typical_volume": 107878638.75, "trend": 11.43823, "fair_value": 8.060977, "relative_strength": -5.767753, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.189259, "energy": 27.993379, "activity_lines": [ 11.352621, 11.833066, 12.012035, 11.801487 ] }, { "date": "2026-04-17", "close": 11.654245, "volume": 115201172, "typical_volume": 110045821.35, "trend": 11.504828, "fair_value": 8.107069, "relative_strength": -7.803342, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.066837, "energy": 19.378016, "activity_lines": [ 11.441645, 11.74064, 11.996601, 11.815424 ] }, { "date": "2026-04-24", "close": 11.495684, "volume": 143301444, "typical_volume": 112177495.95, "trend": 11.55086, "fair_value": 8.152268, "relative_strength": -9.177356, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.452203, "energy": 16.454301, "activity_lines": [ 11.497533, 11.633126, 11.958142, 11.814834 ] }, { "date": "2026-05-01", "close": 11.802896, "volume": 108864601, "typical_volume": 113322632.45, "trend": 11.614623, "fair_value": 8.200051, "relative_strength": -7.496075, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.765007, "energy": 8.272449, "activity_lines": [ 11.603445, 11.605184, 11.943533, 11.831094 ] }, { "date": "2026-05-08", "close": 11.961456, "volume": 80338867, "typical_volume": 110855305.4, "trend": 11.668338, "fair_value": 8.249341, "relative_strength": -8.788202, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.224591, "energy": 5.842732, "activity_lines": [ 11.752685, 11.628745, 11.939535, 11.853471 ] }, { "date": "2026-05-15", "close": 11.743436, "volume": 119191154, "typical_volume": 110815687.95, "trend": 11.716453, "fair_value": 8.296558, "relative_strength": -10.151421, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.471538, "energy": 6.179186, "activity_lines": [ 11.774487, 11.639913, 11.910386, 11.858316 ] }, { "date": "2026-05-22", "close": 11.525414, "volume": 96108781, "typical_volume": 109858402.45, "trend": 11.717633, "fair_value": 8.341948, "relative_strength": -11.746622, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.235259, "energy": 3.878399, "activity_lines": [ 11.705777, 11.633741, 11.858932, 11.845991 ] }, { "date": "2026-05-29", "close": 10.663238, "volume": 87466687, "typical_volume": 110300538.45, "trend": 11.681408, "fair_value": 8.381872, "relative_strength": -17.883024, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.523483, "energy": 23.599258, "activity_lines": [ 11.358264, 11.47853, 11.725388, 11.777965 ] }, { "date": "2026-06-05", "close": 10.801978, "volume": 27888871, "typical_volume": 104558553.25, "trend": 11.655807, "fair_value": 8.422809, "relative_strength": -15.017503, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.40741, "energy": 38.57188, "activity_lines": [ 11.112494, 11.349395, 11.61128, 11.721228 ] }, { "date": "2026-06-12", "close": 10.48, "volume": 30177283, "typical_volume": 100831700.5, "trend": 11.628474, "fair_value": 8.462295, "relative_strength": -15.233451, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.623349, "energy": 52.418121, "activity_lines": [ 10.826126, 11.177318, 11.47445, 11.645369 ] }, { "date": "2026-06-19", "close": 10.22, "volume": 71006288, "typical_volume": 97990338.3, "trend": 11.622474, "fair_value": 8.497045, "relative_strength": -22.399382, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.75994, "energy": 71.988696, "activity_lines": [ 10.551855, 10.969969, 11.322145, 11.5545 ] }, { "date": "2026-06-26", "close": 9.76, "volume": 17165303, "typical_volume": 93903812.6, "trend": 11.614807, "fair_value": 8.525407, "relative_strength": -24.272373, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.697853, "energy": 80.152048, "activity_lines": [ 10.225813, 10.701817, 11.137506, 11.43434 ] }, { "date": "2026-07-03", "close": 10.32, "volume": 19240762, "typical_volume": 88709227.6, "trend": 11.613474, "fair_value": 8.557359, "relative_strength": -18.582908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.165857, "energy": 73.955287, "activity_lines": [ 10.204132, 10.569924, 11.018819, 11.350804 ] }, { "date": "2026-07-10", "close": 10.19, "volume": 118179611, "typical_volume": 90904555.5, "trend": 11.59114, "fair_value": 8.589031, "relative_strength": -16.302768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.768249, "energy": 67.186788, "activity_lines": [ 10.162, 10.435771, 10.899561, 11.258967 ] }, { "date": "2026-07-17", "close": 9.78, "volume": 87960375, "typical_volume": 92439686.95, "trend": 11.54914, "fair_value": 8.616677, "relative_strength": -11.506277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.095267, "energy": 64.659425, "activity_lines": [ 10.024, 10.256398, 10.754874, 11.14212 ] }, { "date": "2026-07-24", "close": 10.47, "volume": 142994402, "typical_volume": 94811156.2, "trend": 11.517474, "fair_value": 8.648311, "relative_strength": -5.538751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.575387, "energy": 41.046458, "activity_lines": [ 10.162667, 10.242142, 10.693425, 11.072498 ] }, { "date": "2026-07-31", "close": 11.33, "volume": 133924057, "typical_volume": 96120441.05, "trend": 11.510807, "fair_value": 8.686579, "relative_strength": 3.844189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.090214, "energy": 21.037438, "activity_lines": [ 10.571333, 10.407404, 10.725786, 11.060403 ] }, { "date": "2026-08-07", "close": 11.19, "volume": 100070573, "typical_volume": 94429593.95, "trend": 11.484807, "fair_value": 8.724571, "relative_strength": -2.41746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.748565, "energy": 17.569215, "activity_lines": [ 10.828667, 10.550763, 10.747766, 11.039705 ] } ], "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." } } }