{ "ticker": { "uuid": "ea069481-763c-478f-91a7-211f8be79c7d", "symbol": "600392", "name": "Shenghe Resources Holding Co., Ltd", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -59.309, "architecture_energy": 61.208, "architecture_maturity": 6.0, "architecture_confidence": 68.48, "architecture_tenure": "New", "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": 33.54, "rotation_up": 8.38, "upward_expansion": 11.42, "deceleration": 39.78, "rotation_down": 71.9, "downward_expansion": 84.75 }, "activity_lines": [ 21.970212, 23.816503, 24.508285, 24.826714 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 23.940001, "trend_reference": 25.200107, "distance_from_trend": -0.050004, "trend_direction": "Improving", "fair_value": 15.041434, "distance_from_fair_value": 0.591604, "fair_value_direction": "Weakening", "relative_strength": 0.263106, "relative_strength_direction": "Weakening", "price_momentum": -0.114317, "excess_performance": -0.071114, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.050004, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.048866, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.591604, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.295114, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.002631, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.137489, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.114317, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.734837, "read": "Supply-led" } ], "volume": { "latest": 477997914, "relative_activity": 1.398637, "balance": 0.734837, "dry_up": 1.210276, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.134776, "annualized_volatility": 0.74246, "from_high_reference": -0.289192, "from_low_reference": 0.239772 }, "levels": { "trend_reference": 25.200107, "fair_value_reference": 15.041434, "structural_low": 19.309999, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": -0.026855, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.013153, "regime_survival": 0.888889, "best_return": 0.190714, "worst_return": -0.102902, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.022206, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.001038, "regime_survival": 0.666667, "best_return": 0.289297, "worst_return": -0.211953, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.088097, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.092687, "regime_survival": 0.4, "best_return": 0.261031, "worst_return": -0.16241, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.139192, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.051267, "regime_survival": 0.666667, "best_return": 0.491963, "worst_return": -0.512674, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-05", "end": "2024-09-27", "tenure": "Established", "return": 0.15404, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": 0.258706, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-13", "tenure": "Developing", "return": -0.036386, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2025-02-07", "tenure": "Developing", "return": 0.046125, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.013465, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": 0.210477, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2025-09-26", "tenure": "Established", "return": 0.707504, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2026-01-23", "tenure": "Established", "return": 0.09459, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-20", "tenure": "Developing", "return": -0.176841, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-22", "tenure": "Developing", "return": 0.05919, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": 0.163247, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-07-10", "tenure": "New", "return": -0.232786, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": -0.021277, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 12.224544, "volume": 43284149, "typical_volume": 79056961.8, "trend": 13.696202, "fair_value": 15.549079, "relative_strength": -18.554584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.017423, "energy": 43.106397, "activity_lines": [ 12.42735, 12.494559, 12.717701, 13.137811 ] }, { "date": "2023-08-04", "close": 12.558655, "volume": 56682251, "typical_volume": 78013962.35, "trend": 13.659759, "fair_value": 15.581412, "relative_strength": -15.893364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.38958, "energy": 48.737358, "activity_lines": [ 12.435967, 12.499289, 12.672265, 13.064421 ] }, { "date": "2023-08-11", "close": 12.195065, "volume": 52185341, "typical_volume": 77018541.7, "trend": 13.583893, "fair_value": 15.60527, "relative_strength": -14.934312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.669415, "energy": 55.644753, "activity_lines": [ 12.322812, 12.436513, 12.597732, 12.969925 ] }, { "date": "2023-08-18", "close": 11.408919, "volume": 50100293, "typical_volume": 75981542.25, "trend": 13.475645, "fair_value": 15.625517, "relative_strength": -18.129605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.453486, "energy": 71.994802, "activity_lines": [ 12.005079, 12.242043, 12.456566, 12.829604 ] }, { "date": "2023-08-25", "close": 10.711215, "volume": 52212868, "typical_volume": 74495534.25, "trend": 13.317813, "fair_value": 15.634586, "relative_strength": -20.591673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.978916, "energy": 86.678042, "activity_lines": [ 11.541253, 11.938273, 12.26033, 12.651254 ] }, { "date": "2023-09-01", "close": 11.015846, "volume": 55801546, "typical_volume": 64221250.45, "trend": 13.143156, "fair_value": 15.650575, "relative_strength": -19.407961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.774666, "energy": 86.852948, "activity_lines": [ 11.273309, 11.726516, 12.109617, 12.50274 ] }, { "date": "2023-09-08", "close": 11.114116, "volume": 63700628, "typical_volume": 59578871.9, "trend": 12.986076, "fair_value": 15.672966, "relative_strength": -17.573973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.189761, "energy": 83.697336, "activity_lines": [ 11.118701, 11.555378, 11.986713, 12.371834 ] }, { "date": "2023-09-15", "close": 11.173076, "volume": 37682796, "typical_volume": 57114561.2, "trend": 12.849489, "fair_value": 15.696294, "relative_strength": -16.562321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.586815, "energy": 77.910405, "activity_lines": [ 11.080049, 11.421069, 11.881603, 12.254866 ] }, { "date": "2023-09-22", "close": 11.025674, "volume": 39969212, "typical_volume": 56655437.25, "trend": 12.693037, "fair_value": 15.720787, "relative_strength": -17.446481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.39986, "energy": 58.249383, "activity_lines": [ 11.060395, 11.294214, 11.77319, 12.1372 ] }, { "date": "2023-09-29", "close": 10.681735, "volume": 35393079, "typical_volume": 54631283.2, "trend": 12.5573, "fair_value": 15.741959, "relative_strength": -18.925641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.762513, "energy": 59.739356, "activity_lines": [ 10.951645, 11.135377, 11.639512, 12.007439 ] }, { "date": "2023-10-13", "close": 10.691563, "volume": 44272562, "typical_volume": 53920444.85, "trend": 12.443019, "fair_value": 15.764373, "relative_strength": -17.656954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.649885, "energy": 60.322796, "activity_lines": [ 10.848136, 11.004591, 11.515295, 11.887069 ] }, { "date": "2023-10-20", "close": 10.023339, "volume": 50541066, "typical_volume": 54358862.55, "trend": 12.31979, "fair_value": 15.784862, "relative_strength": -19.525148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.711924, "energy": 73.454794, "activity_lines": [ 10.543505, 10.780182, 11.33703, 11.730961 ] }, { "date": "2023-10-27", "close": 10.200223, "volume": 92500994, "typical_volume": 56509565.2, "trend": 12.195631, "fair_value": 15.807416, "relative_strength": -18.442552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.252743, "energy": 77.323564, "activity_lines": [ 10.370554, 10.634031, 11.187319, 11.594214 ] }, { "date": "2023-11-03", "close": 10.504852, "volume": 60793107, "typical_volume": 57759662.15, "trend": 12.085853, "fair_value": 15.830806, "relative_strength": -15.828795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.544675, "energy": 65.314893, "activity_lines": [ 10.364002, 10.579537, 11.079063, 11.485132 ] }, { "date": "2023-11-10", "close": 10.357451, "volume": 60435640, "typical_volume": 58255419.3, "trend": 11.958484, "fair_value": 15.853685, "relative_strength": -16.627748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.64768, "energy": 57.127399, "activity_lines": [ 10.343038, 10.51468, 10.965672, 11.373622 ] }, { "date": "2023-11-17", "close": 10.485199, "volume": 46326545, "typical_volume": 59182566.6, "trend": 11.811645, "fair_value": 15.878687, "relative_strength": -15.461793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.145419, "energy": 50.694543, "activity_lines": [ 10.386276, 10.479482, 10.875725, 11.278571 ] }, { "date": "2023-11-24", "close": 10.278837, "volume": 62108102, "typical_volume": 59852303.9, "trend": 11.698558, "fair_value": 15.903732, "relative_strength": -16.20539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.830266, "energy": 48.075546, "activity_lines": [ 10.374484, 10.416412, 10.774609, 11.179681 ] }, { "date": "2023-12-01", "close": 10.101954, "volume": 34819962, "typical_volume": 53080614.15, "trend": 11.587701, "fair_value": 15.925222, "relative_strength": -16.892758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.247944, "energy": 52.534033, "activity_lines": [ 10.286698, 10.336368, 10.667463, 11.076674 ] }, { "date": "2023-12-08", "close": 10.092129, "volume": 58760728, "typical_volume": 52447460.85, "trend": 11.504146, "fair_value": 15.943483, "relative_strength": -14.795988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.382743, "energy": 52.539107, "activity_lines": [ 10.202188, 10.274013, 10.573454, 10.980185 ] }, { "date": "2023-12-15", "close": 9.787498, "volume": 54204456, "typical_volume": 52588766.25, "trend": 11.414661, "fair_value": 15.95588, "relative_strength": -16.144372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.724938, "energy": 69.24237, "activity_lines": [ 10.043649, 10.173244, 10.462879, 10.869434 ] }, { "date": "2023-12-22", "close": 9.541826, "volume": 62005036, "typical_volume": 53524810.6, "trend": 11.309187, "fair_value": 15.961675, "relative_strength": -16.949157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.919121, "energy": 77.510138, "activity_lines": [ 9.841217, 10.044066, 10.340044, 10.748606 ] }, { "date": "2023-12-29", "close": 10.003687, "volume": 53961129, "typical_volume": 53388754.5, "trend": 11.226584, "fair_value": 15.967699, "relative_strength": -14.243568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.912618, "energy": 58.30021, "activity_lines": [ 9.85563, 10.019767, 10.27397, 10.66438 ] }, { "date": "2024-01-05", "close": 9.581134, "volume": 37094586, "typical_volume": 52634216.75, "trend": 11.118844, "fair_value": 15.978649, "relative_strength": -16.096384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.936775, "energy": 59.113244, "activity_lines": [ 9.747535, 9.918997, 10.17982, 10.558222 ] }, { "date": "2024-01-12", "close": 9.443558, "volume": 56059814, "typical_volume": 52932192.8, "trend": 11.021146, "fair_value": 15.986235, "relative_strength": -15.470307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.256867, "energy": 57.648449, "activity_lines": [ 9.628302, 9.80447, 10.085015, 10.450139 ] }, { "date": "2024-01-19", "close": 8.726201, "volume": 59080218, "typical_volume": 53275560.3, "trend": 10.887834, "fair_value": 15.986429, "relative_strength": -19.924206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.503716, "energy": 66.799186, "activity_lines": [ 9.313189, 9.578811, 9.931249, 10.302078 ] }, { "date": "2024-01-26", "close": 8.804816, "volume": 69662860, "typical_volume": 53968626.0, "trend": 10.77242, "fair_value": 15.987685, "relative_strength": -20.748302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.72588, "energy": 80.347821, "activity_lines": [ 9.095034, 9.397104, 9.794422, 10.16769 ] }, { "date": "2024-02-02", "close": 7.527332, "volume": 77186663, "typical_volume": 54642927.75, "trend": 10.604996, "fair_value": 15.975476, "relative_strength": -27.052738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.788373, "energy": 93.787088, "activity_lines": [ 8.500185, 9.01368, 9.546459, 9.958329 ] }, { "date": "2024-02-09", "close": 9.266676, "volume": 184026048, "typical_volume": 61960090.35, "trend": 10.478648, "fair_value": 15.968644, "relative_strength": -13.682965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.609606, "energy": 56.05778, "activity_lines": [ 8.650208, 8.996528, 9.481228, 9.871986 ] }, { "date": "2024-02-23", "close": 8.804816, "volume": 164555521, "typical_volume": 68189405.8, "trend": 10.348607, "fair_value": 15.933586, "relative_strength": -20.998188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.508432, "energy": 50.707598, "activity_lines": [ 8.667241, 8.910588, 9.381088, 9.763997 ] }, { "date": "2024-03-01", "close": 9.138927, "volume": 168456284, "typical_volume": 74842566.05, "trend": 10.249029, "fair_value": 15.892166, "relative_strength": -17.868732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.099684, "energy": 42.631824, "activity_lines": [ 8.838227, 8.908801, 9.323344, 9.685953 ] }, { "date": "2024-03-08", "close": 9.276503, "volume": 187166817, "typical_volume": 81987278.8, "trend": 10.150761, "fair_value": 15.846166, "relative_strength": -16.379854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.630537, "energy": 21.550834, "activity_lines": [ 9.027557, 8.943821, 9.286049, 9.623209 ] }, { "date": "2024-03-15", "close": 9.50252, "volume": 160250333, "typical_volume": 87472742.15, "trend": 10.04889, "fair_value": 15.778087, "relative_strength": -13.983747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.311343, "energy": 18.482386, "activity_lines": [ 9.26078, 9.024758, 9.277018, 9.581387 ] }, { "date": "2024-03-22", "close": 9.679401, "volume": 201569926, "typical_volume": 92926188.75, "trend": 9.965034, "fair_value": 15.686251, "relative_strength": -11.630959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.473118, "energy": 17.388154, "activity_lines": [ 9.421284, 9.146968, 9.287312, 9.557549 ] }, { "date": "2024-03-29", "close": 9.541826, "volume": 100608783, "typical_volume": 94916972.55, "trend": 9.902798, "fair_value": 15.610851, "relative_strength": -12.181146, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.578341, "energy": 16.734479, "activity_lines": [ 9.508415, 9.242377, 9.286985, 9.530246 ] }, { "date": "2024-04-05", "close": 10.563814, "volume": 193032664, "typical_volume": 101546823.75, "trend": 9.897884, "fair_value": 15.545914, "relative_strength": -3.237953, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.254597, "energy": 18.75563, "activity_lines": [ 9.887075, 9.521815, 9.388575, 9.572892 ] }, { "date": "2024-04-12", "close": 10.573641, "volume": 428815217, "typical_volume": 120671257.35, "trend": 9.883144, "fair_value": 15.50618, "relative_strength": -1.168277, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.212103, "energy": 29.226229, "activity_lines": [ 10.174017, 9.76963, 9.490119, 9.616489 ] }, { "date": "2024-04-19", "close": 10.170741, "volume": 250731068, "typical_volume": 130102405.65, "trend": 9.851698, "fair_value": 15.467525, "relative_strength": -5.87258, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.876801, "energy": 33.518129, "activity_lines": [ 10.240184, 9.912029, 9.55287, 9.635044 ] }, { "date": "2024-04-26", "close": 9.954553, "volume": 151432339, "typical_volume": 135933024.5, "trend": 9.811081, "fair_value": 15.433879, "relative_strength": -7.949016, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.391801, "energy": 33.827069, "activity_lines": [ 10.18974, 9.967059, 9.595546, 9.641679 ] }, { "date": "2024-05-03", "close": 9.659748, "volume": 91987593, "typical_volume": 137594367.75, "trend": 9.76555, "fair_value": 15.391825, "relative_strength": -10.635268, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.998576, "energy": 14.221013, "activity_lines": [ 10.022685, 9.955982, 9.610848, 9.631916 ] }, { "date": "2024-05-10", "close": 10.406587, "volume": 206387580, "typical_volume": 145203523.95, "trend": 9.756378, "fair_value": 15.357475, "relative_strength": -4.853803, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.991464, "energy": 17.67687, "activity_lines": [ 10.096714, 10.065149, 9.699336, 9.673273 ] }, { "date": "2024-05-17", "close": 9.984032, "volume": 105901065, "typical_volume": 147398325.4, "trend": 9.732794, "fair_value": 15.323583, "relative_strength": -8.390705, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.425787, "energy": 9.681142, "activity_lines": [ 10.040373, 10.074439, 9.744633, 9.687961 ] }, { "date": "2024-05-24", "close": 9.56148, "volume": 140198804, "typical_volume": 151710209.15, "trend": 9.717399, "fair_value": 15.277423, "relative_strength": -10.058966, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.954645, "energy": 4.44685, "activity_lines": [ 9.882489, 9.994038, 9.747581, 9.676908 ] }, { "date": "2024-05-31", "close": 9.414079, "volume": 90430383, "typical_volume": 154376999.0, "trend": 9.691194, "fair_value": 15.235097, "relative_strength": -10.978657, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.037178, "energy": 6.907569, "activity_lines": [ 9.716089, 9.885765, 9.738597, 9.657339 ] }, { "date": "2024-06-07", "close": 8.706548, "volume": 95577307, "typical_volume": 156352873.65, "trend": 9.63125, "fair_value": 15.181781, "relative_strength": -16.225123, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.365785, "energy": 26.971371, "activity_lines": [ 9.349876, 9.653674, 9.663024, 9.593814 ] }, { "date": "2024-06-14", "close": 8.853951, "volume": 55933180, "typical_volume": 156195521.75, "trend": 9.581134, "fair_value": 15.139155, "relative_strength": -13.773113, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.90044, "energy": 37.38312, "activity_lines": [ 9.096345, 9.46357, 9.604999, 9.543665 ] }, { "date": "2024-06-21", "close": 8.716374, "volume": 50454955, "typical_volume": 155235126.5, "trend": 9.522173, "fair_value": 15.097509, "relative_strength": -13.684184, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.466384, "energy": 51.103466, "activity_lines": [ 8.900464, 9.27954, 9.533263, 9.487874 ] }, { "date": "2024-06-28", "close": 8.470704, "volume": 56893297, "typical_volume": 154220458.2, "trend": 9.461902, "fair_value": 15.045846, "relative_strength": -14.745305, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.193704, "energy": 66.16704, "activity_lines": [ 8.707203, 9.084612, 9.438551, 9.420038 ] }, { "date": "2024-07-05", "close": 7.829884, "volume": 103211422, "typical_volume": 150179726.9, "trend": 9.386166, "fair_value": 14.97704, "relative_strength": -20.186511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.055775, "energy": 78.03311, "activity_lines": [ 8.373054, 8.804081, 9.278317, 9.314746 ] }, { "date": "2024-07-12", "close": 8.116584, "volume": 70143380, "typical_volume": 145459119.85, "trend": 9.320315, "fair_value": 14.926956, "relative_strength": -17.290818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.366707, "energy": 76.144965, "activity_lines": [ 8.240084, 8.614307, 9.152229, 9.232837 ] }, { "date": "2024-07-19", "close": 8.007836, "volume": 52174934, "typical_volume": 139645052.35, "trend": 9.260993, "fair_value": 14.876858, "relative_strength": -18.032372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.433399, "energy": 77.616336, "activity_lines": [ 8.110197, 8.432819, 9.019062, 9.148161 ] }, { "date": "2024-07-26", "close": 7.731021, "volume": 54319206, "typical_volume": 133002671.8, "trend": 9.200632, "fair_value": 14.818405, "relative_strength": -17.759995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.171392, "energy": 81.204798, "activity_lines": [ 7.944445, 8.244614, 8.864917, 9.049454 ] }, { "date": "2024-08-02", "close": 8.136356, "volume": 72163007, "typical_volume": 128598305.5, "trend": 9.138388, "fair_value": 14.763296, "relative_strength": -13.351831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.17485, "energy": 65.605767, "activity_lines": [ 7.979495, 8.17107, 8.756735, 8.980791 ] }, { "date": "2024-08-09", "close": 7.849656, "volume": 53385698, "typical_volume": 121189094.1, "trend": 9.080672, "fair_value": 14.6696, "relative_strength": -14.642616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.840901, "energy": 62.783735, "activity_lines": [ 7.941268, 8.071311, 8.627754, 8.897647 ] }, { "date": "2024-08-16", "close": 7.6025, "volume": 48492145, "typical_volume": 118583262.2, "trend": 9.019304, "fair_value": 14.563931, "relative_strength": -17.240961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.352286, "energy": 65.618584, "activity_lines": [ 7.819338, 7.955058, 8.483947, 8.802281 ] }, { "date": "2024-08-23", "close": 7.375118, "volume": 49549988, "typical_volume": 111409128.4, "trend": 8.974267, "fair_value": 14.455125, "relative_strength": -18.401366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.951131, "energy": 71.907879, "activity_lines": [ 7.655886, 7.817536, 8.32772, 8.696204 ] }, { "date": "2024-08-30", "close": 7.810111, "volume": 76149253, "typical_volume": 93775830.2, "trend": 8.941111, "fair_value": 14.351471, "relative_strength": -12.74487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.867256, "energy": 62.301659, "activity_lines": [ 7.679613, 7.785992, 8.228105, 8.621097 ] }, { "date": "2024-09-06", "close": 7.711249, "volume": 66761845, "typical_volume": 84577369.05, "trend": 8.947241, "fair_value": 14.226157, "relative_strength": -11.085158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.373218, "energy": 59.875126, "activity_lines": [ 7.665113, 7.752951, 8.132234, 8.541751 ] }, { "date": "2024-09-13", "close": 7.6025, "volume": 67679681, "typical_volume": 80389736.15, "trend": 8.891769, "fair_value": 14.116942, "relative_strength": -9.949393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.694408, "energy": 52.982157, "activity_lines": [ 7.642704, 7.713945, 8.037718, 8.454994 ] }, { "date": "2024-09-20", "close": 7.829884, "volume": 34689331, "typical_volume": 77524823.05, "trend": 8.859271, "fair_value": 14.021564, "relative_strength": -7.965324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.786138, "energy": 42.445491, "activity_lines": [ 7.712567, 7.720416, 7.976058, 8.386485 ] }, { "date": "2024-09-27", "close": 9.036002, "volume": 122561335, "typical_volume": 73333510.8, "trend": 8.85584, "fair_value": 13.924213, "relative_strength": -5.468677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.813053, "energy": 13.767187, "activity_lines": [ 8.16931, 7.951394, 8.037979, 8.397887 ] }, { "date": "2024-10-04", "close": 9.935648, "volume": 68067004, "typical_volume": 71441807.75, "trend": 8.877812, "fair_value": 13.846067, "relative_strength": -3.488188, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 27.394748, "energy": 38.20048, "activity_lines": [ 8.81521, 8.32725, 8.192108, 8.467552 ] }, { "date": "2024-10-11", "close": 9.322702, "volume": 221400325, "typical_volume": 75501883.8, "trend": 8.871818, "fair_value": 13.742902, "relative_strength": -5.784648, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.664907, "energy": 43.457796, "activity_lines": [ 9.115092, 8.551577, 8.288092, 8.496255 ] }, { "date": "2024-10-18", "close": 9.362247, "volume": 128158843, "typical_volume": 77388306.8, "trend": 8.861246, "fair_value": 13.642044, "relative_strength": -6.309651, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.890029, "energy": 46.894099, "activity_lines": [ 9.320725, 8.761525, 8.388979, 8.527895 ] }, { "date": "2024-10-25", "close": 9.95542, "volume": 199293758, "typical_volume": 82574129.35, "trend": 8.875032, "fair_value": 13.554817, "relative_strength": -1.312594, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.958207, "energy": 69.800124, "activity_lines": [ 9.606766, 9.05182, 8.546605, 8.598487 ] }, { "date": "2024-11-01", "close": 12.308339, "volume": 471073751, "typical_volume": 103331157.9, "trend": 8.933183, "fair_value": 13.508676, "relative_strength": 22.749436, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 69.931313, "energy": 85.798794, "activity_lines": [ 10.535411, 9.727138, 8.922372, 8.819991 ] }, { "date": "2024-11-08", "close": 12.506063, "volume": 1082388938, "typical_volume": 154927857.05, "trend": 8.997597, "fair_value": 13.468095, "relative_strength": 18.092236, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 92.283361, "energy": 95.623211, "activity_lines": [ 11.311808, 10.348711, 9.30052, 9.050499 ] }, { "date": "2024-11-15", "close": 11.428466, "volume": 339687078, "typical_volume": 169067546.1, "trend": 9.039521, "fair_value": 13.421042, "relative_strength": 11.839514, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.585256, "energy": 85.866245, "activity_lines": [ 11.557646, 10.688977, 9.557994, 9.20733 ] }, { "date": "2024-11-22", "close": 11.458125, "volume": 246494412, "typical_volume": 176231695.6, "trend": 9.08964, "fair_value": 13.370011, "relative_strength": 14.257124, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.098916, "energy": 81.922092, "activity_lines": [ 11.672985, 10.967049, 9.804208, 9.363369 ] }, { "date": "2024-11-29", "close": 11.359262, "volume": 201458788, "typical_volume": 182797466.0, "trend": 9.146291, "fair_value": 13.31704, "relative_strength": 11.229061, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.274981, "energy": 59.497834, "activity_lines": [ 11.615645, 11.157044, 10.023729, 9.509796 ] }, { "date": "2024-12-06", "close": 11.438473, "volume": 184532407, "typical_volume": 189415339.65, "trend": 9.180687, "fair_value": 13.265697, "relative_strength": 9.431527, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.00221, "energy": 50.154131, "activity_lines": [ 11.491119, 11.297271, 10.235352, 9.657678 ] }, { "date": "2024-12-13", "close": 11.012625, "volume": 128864045, "typical_volume": 193142581.6, "trend": 9.214974, "fair_value": 13.212992, "relative_strength": 5.836938, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.775355, "energy": 38.544907, "activity_lines": [ 11.282635, 11.316389, 10.390083, 9.775868 ] }, { "date": "2024-12-20", "close": 10.73533, "volume": 91599385, "typical_volume": 194114400.5, "trend": 9.254102, "fair_value": 13.158074, "relative_strength": 3.9918, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.986789, "energy": 30.737009, "activity_lines": [ 11.081281, 11.265509, 10.502777, 9.873955 ] }, { "date": "2024-12-27", "close": 10.557067, "volume": 80441669, "typical_volume": 195467199.05, "trend": 9.292202, "fair_value": 13.082667, "relative_strength": 1.407686, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.69651, "energy": 24.627659, "activity_lines": [ 10.866716, 11.156533, 10.586118, 9.958018 ] }, { "date": "2025-01-03", "close": 9.87373, "volume": 76692921, "typical_volume": 196877237.85, "trend": 9.331108, "fair_value": 13.007296, "relative_strength": 0.599085, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.811667, "energy": 21.61062, "activity_lines": [ 10.484442, 10.90159, 10.591487, 9.995536 ] }, { "date": "2025-01-10", "close": 10.22035, "volume": 152675568, "typical_volume": 202033516.85, "trend": 9.376654, "fair_value": 12.937817, "relative_strength": 5.570829, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.095609, "energy": 22.172257, "activity_lines": [ 10.316744, 10.711154, 10.619052, 10.052906 ] }, { "date": "2025-01-17", "close": 11.002722, "volume": 225585943, "typical_volume": 209505351.35, "trend": 9.452866, "fair_value": 12.883681, "relative_strength": 11.000754, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.068738, "energy": 17.9658, "activity_lines": [ 10.491044, 10.700931, 10.70758, 10.157814 ] }, { "date": "2025-01-24", "close": 10.784846, "volume": 117769816, "typical_volume": 212055749.9, "trend": 9.530004, "fair_value": 12.833311, "relative_strength": 8.281409, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.20074, "energy": 13.914351, "activity_lines": [ 10.59338, 10.678427, 10.760155, 10.243748 ] }, { "date": "2025-01-31", "close": 10.557067, "volume": 18985493, "typical_volume": 209621040.5, "trend": 9.62091, "fair_value": 12.77893, "relative_strength": 5.912674, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.388462, "energy": 15.534687, "activity_lines": [ 10.616488, 10.626211, 10.7764, 10.31001 ] }, { "date": "2025-02-07", "close": 11.230501, "volume": 117552383, "typical_volume": 213764193.1, "trend": 9.724707, "fair_value": 12.735896, "relative_strength": 10.414303, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.097588, "energy": 32.589907, "activity_lines": [ 10.864074, 10.712821, 10.842713, 10.413855 ] }, { "date": "2025-02-14", "close": 11.032432, "volume": 127806154, "typical_volume": 214026434.05, "trend": 9.825527, "fair_value": 12.689041, "relative_strength": 7.029321, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.721587, "energy": 38.876647, "activity_lines": [ 10.955185, 10.76576, 10.873968, 10.498224 ] }, { "date": "2025-02-21", "close": 11.072046, "volume": 166105381, "typical_volume": 218928352.9, "trend": 9.936895, "fair_value": 12.653763, "relative_strength": 6.154443, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.854455, "energy": 37.911242, "activity_lines": [ 11.005363, 10.833283, 10.89949, 10.578645 ] }, { "date": "2025-02-28", "close": 10.784846, "volume": 139828660, "typical_volume": 214849769.65, "trend": 10.025178, "fair_value": 12.621309, "relative_strength": 5.063981, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.277706, "energy": 29.619656, "activity_lines": [ 10.955185, 10.847508, 10.892248, 10.633351 ] }, { "date": "2025-03-07", "close": 11.369149, "volume": 270006389, "typical_volume": 221942146.95, "trend": 10.142494, "fair_value": 12.58414, "relative_strength": 8.839474, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.821717, "energy": 35.959575, "activity_lines": [ 11.099775, 10.967069, 10.933691, 10.720059 ] }, { "date": "2025-03-14", "close": 11.874225, "volume": 294849380, "typical_volume": 226719928.05, "trend": 10.284885, "fair_value": 12.544175, "relative_strength": 11.860617, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.118028, "energy": 49.576181, "activity_lines": [ 11.358586, 11.163698, 11.013679, 10.831784 ] }, { "date": "2025-03-21", "close": 11.210694, "volume": 151196664, "typical_volume": 210726073.7, "trend": 10.412737, "fair_value": 12.495166, "relative_strength": 7.223967, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.362509, "energy": 37.886964, "activity_lines": [ 11.353304, 11.203312, 11.021337, 10.891513 ] }, { "date": "2025-03-28", "close": 11.14137, "volume": 130615718, "typical_volume": 163137412.7, "trend": 10.523779, "fair_value": 12.450876, "relative_strength": 6.867311, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.03013, "energy": 35.644591, "activity_lines": [ 11.31303, 11.212315, 11.02762, 10.938522 ] }, { "date": "2025-04-04", "close": 10.883881, "volume": 85023336, "typical_volume": 150404225.6, "trend": 10.629534, "fair_value": 12.417378, "relative_strength": 4.807885, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.531864, "energy": 24.328029, "activity_lines": [ 11.182304, 11.171981, 11.015879, 10.961754 ] }, { "date": "2025-04-11", "close": 10.586777, "volume": 331430920, "typical_volume": 154651051.0, "trend": 10.72901, "fair_value": 12.380233, "relative_strength": 5.365761, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.313162, "energy": 10.812988, "activity_lines": [ 10.945942, 11.075827, 10.978435, 10.958996 ] }, { "date": "2025-04-18", "close": 10.141123, "volume": 98389196, "typical_volume": 149497571.4, "trend": 10.806051, "fair_value": 12.342159, "relative_strength": -0.117462, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.983805, "energy": 26.858274, "activity_lines": [ 10.613187, 10.898106, 10.902697, 10.921067 ] }, { "date": "2025-04-25", "close": 10.200543, "volume": 81732929, "typical_volume": 144357597.5, "trend": 10.844869, "fair_value": 12.300423, "relative_strength": -0.012142, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.720066, "energy": 37.202174, "activity_lines": [ 10.415778, 10.750994, 10.838419, 10.882002 ] }, { "date": "2025-05-02", "close": 10.477839, "volume": 63690602, "typical_volume": 141098925.35, "trend": 10.862942, "fair_value": 12.262891, "relative_strength": 3.154084, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.167703, "energy": 51.605112, "activity_lines": [ 10.378145, 10.669426, 10.806445, 10.858323 ] }, { "date": "2025-05-09", "close": 11.755383, "volume": 387250047, "typical_volume": 155881458.45, "trend": 10.944031, "fair_value": 12.239147, "relative_strength": 13.397072, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.377044, "energy": 14.130046, "activity_lines": [ 10.810595, 10.830942, 10.898689, 10.9159 ] }, { "date": "2025-05-16", "close": 12.428817, "volume": 633992032, "typical_volume": 183558976.6, "trend": 11.04625, "fair_value": 12.229984, "relative_strength": 18.600422, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 38.5651, "energy": 28.410584, "activity_lines": [ 11.409423, 11.097255, 11.050211, 11.011693 ] }, { "date": "2025-05-23", "close": 11.616735, "volume": 326942411, "typical_volume": 196071451.1, "trend": 11.101628, "fair_value": 12.206471, "relative_strength": 11.226224, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.894469, "energy": 29.307073, "activity_lines": [ 11.614754, 11.196649, 11.11548, 11.048498 ] }, { "date": "2025-05-30", "close": 11.478087, "volume": 155223055, "typical_volume": 196198825.45, "trend": 11.073952, "fair_value": 12.180203, "relative_strength": 9.671446, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.779608, "energy": 34.475391, "activity_lines": [ 11.675495, 11.275516, 11.159243, 11.072786 ] }, { "date": "2025-06-06", "close": 12.815051, "volume": 427507112, "typical_volume": 206294883.9, "trend": 11.084252, "fair_value": 12.152739, "relative_strength": 20.386031, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.42491, "energy": 71.329549, "activity_lines": [ 12.096722, 11.592607, 11.324348, 11.185115 ] }, { "date": "2025-06-13", "close": 13.250802, "volume": 568574555, "typical_volume": 228835120.85, "trend": 11.144997, "fair_value": 12.12589, "relative_strength": 24.025976, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.734577, "energy": 74.436035, "activity_lines": [ 12.507384, 11.958494, 11.522322, 11.324892 ] }, { "date": "2025-06-20", "close": 12.785341, "volume": 440054818, "typical_volume": 249888587.1, "trend": 11.189237, "fair_value": 12.098919, "relative_strength": 19.625414, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.524069, "energy": 68.572464, "activity_lines": [ 12.663198, 12.196716, 11.664224, 11.430721 ] }, { "date": "2025-06-27", "close": 12.785341, "volume": 228456660, "typical_volume": 255433800.95, "trend": 11.236773, "fair_value": 12.066536, "relative_strength": 16.75738, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.224485, "energy": 68.994672, "activity_lines": [ 12.795244, 12.394965, 11.795516, 11.533695 ] }, { "date": "2025-07-04", "close": 12.567465, "volume": 254463468, "typical_volume": 261766666.65, "trend": 11.274406, "fair_value": 12.022554, "relative_strength": 12.525122, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.078258, "energy": 54.112867, "activity_lines": [ 12.776758, 12.505524, 11.898653, 11.619546 ] }, { "date": "2025-07-11", "close": 14.954172, "volume": 476830459, "typical_volume": 277302920.55, "trend": 11.405791, "fair_value": 11.985208, "relative_strength": 31.251345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.008299, "energy": 74.018877, "activity_lines": [ 13.481215, 13.006994, 12.221786, 11.856951 ] }, { "date": "2025-07-18", "close": 16.989298, "volume": 1035244577, "typical_volume": 322073716.4, "trend": 11.614257, "fair_value": 11.961657, "relative_strength": 46.249678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.737667, "energy": 92.211183, "activity_lines": [ 14.72144, 13.797099, 12.720254, 12.217177 ] }, { "date": "2025-07-25", "close": 22.296581, "volume": 1293096894, "typical_volume": 373228241.65, "trend": 12.005574, "fair_value": 11.965189, "relative_strength": 84.95584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.433971, "energy": 98.02437, "activity_lines": [ 17.481526, 15.457003, 13.694633, 12.906359 ] }, { "date": "2025-08-01", "close": 20.451004, "volume": 1475020451, "typical_volume": 432236795.2, "trend": 12.35815, "fair_value": 11.960954, "relative_strength": 68.409863, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.966738, "energy": 93.981022, "activity_lines": [ 18.992336, 16.601933, 14.441207, 13.451225 ] }, { "date": "2025-08-08", "close": 23.314144, "volume": 1076989707, "typical_volume": 478526447.35, "trend": 12.794609, "fair_value": 11.982635, "relative_strength": 84.204595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.771537, "energy": 96.546211, "activity_lines": [ 20.946483, 18.106811, 15.419619, 14.158064 ] }, { "date": "2025-08-15", "close": 23.124598, "volume": 1038776373, "typical_volume": 523934480.1, "trend": 13.198672, "fair_value": 12.006602, "relative_strength": 76.143322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.207678, "energy": 93.185068, "activity_lines": [ 22.121003, 19.362025, 16.322344, 14.824515 ] }, { "date": "2025-08-22", "close": 23.763067, "volume": 1307914590, "typical_volume": 585079042.8, "trend": 13.631279, "fair_value": 12.029223, "relative_strength": 71.534307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.947213, "energy": 84.58952, "activity_lines": [ 22.96365, 20.545878, 17.228812, 15.506089 ] }, { "date": "2025-08-29", "close": 27.134991, "volume": 1173507297, "typical_volume": 627182861.65, "trend": 14.183877, "fair_value": 12.078648, "relative_strength": 89.918751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.312247, "energy": 83.767305, "activity_lines": [ 24.478687, 22.151677, 18.395087, 16.377296 ] }, { "date": "2025-09-05", "close": 22.845266, "volume": 877702239, "typical_volume": 666148513.8, "trend": 14.571036, "fair_value": 12.100137, "relative_strength": 59.15148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.385799, "energy": 66.320487, "activity_lines": [ 24.241256, 22.716622, 19.074015, 16.936095 ] }, { "date": "2025-09-12", "close": 23.004885, "volume": 497774490, "typical_volume": 686950591.85, "trend": 14.970117, "fair_value": 12.130962, "relative_strength": 55.372932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.074954, "energy": 63.422497, "activity_lines": [ 23.897413, 23.127681, 19.707649, 17.480214 ] }, { "date": "2025-09-19", "close": 22.516056, "volume": 485625144, "typical_volume": 708047318.95, "trend": 15.351584, "fair_value": 12.16228, "relative_strength": 51.767866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.936439, "energy": 56.004196, "activity_lines": [ 23.411244, 23.260091, 20.233755, 17.967049 ] }, { "date": "2025-09-26", "close": 22.625793, "volume": 515172937, "typical_volume": 714443463.45, "trend": 15.746283, "fair_value": 12.200989, "relative_strength": 49.972298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.044119, "energy": 40.296068, "activity_lines": [ 23.002224, 23.274965, 20.712987, 18.436353 ] }, { "date": "2025-10-03", "close": 22.994907, "volume": 224752578, "typical_volume": 693981490.75, "trend": 16.133808, "fair_value": 12.24069, "relative_strength": 48.14431, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.891695, "energy": 35.482724, "activity_lines": [ 22.792061, 23.254468, 21.17561, 18.904006 ] }, { "date": "2025-10-10", "close": 23.902733, "volume": 339971249, "typical_volume": 694632932.65, "trend": 16.534758, "fair_value": 12.295961, "relative_strength": 51.077809, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.865539, "energy": 36.49138, "activity_lines": [ 23.160511, 23.386334, 21.674377, 19.405227 ] }, { "date": "2025-10-17", "close": 23.563547, "volume": 1043813911, "typical_volume": 739062475.45, "trend": 16.94652, "fair_value": 12.34637, "relative_strength": 48.852476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.771758, "energy": 34.712817, "activity_lines": [ 23.345402, 23.393771, 22.082335, 19.858697 ] }, { "date": "2025-10-24", "close": 22.915098, "volume": 357896641, "typical_volume": 735581951.9, "trend": 17.338977, "fair_value": 12.398623, "relative_strength": 38.901242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.015226, "energy": 33.941835, "activity_lines": [ 23.276899, 23.278773, 22.370987, 20.243767 ] }, { "date": "2025-10-31", "close": 23.184454, "volume": 431430933, "typical_volume": 728724770.8, "trend": 17.748997, "fair_value": 12.448978, "relative_strength": 39.029966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.23927, "energy": 36.346722, "activity_lines": [ 23.271578, 23.216559, 22.637197, 20.620894 ] }, { "date": "2025-11-07", "close": 22.176868, "volume": 244522381, "typical_volume": 718948148.95, "trend": 18.135333, "fair_value": 12.496749, "relative_strength": 30.420035, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.428596, "energy": 26.518616, "activity_lines": [ 22.893152, 22.981667, 22.760143, 20.906564 ] }, { "date": "2025-11-14", "close": 21.1, "volume": 216131943, "typical_volume": 718331913.1, "trend": 18.500629, "fair_value": 12.539242, "relative_strength": 23.272169, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.226564, "energy": 14.187582, "activity_lines": [ 22.210305, 22.641129, 22.735808, 21.097832 ] }, { "date": "2025-11-21", "close": 20.1, "volume": 212849912, "typical_volume": 716251235.3, "trend": 18.830611, "fair_value": 12.572637, "relative_strength": 21.251798, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.439671, "energy": 12.206153, "activity_lines": [ 21.380974, 22.150504, 22.576642, 21.201018 ] }, { "date": "2025-11-28", "close": 20.75, "volume": 192800591, "typical_volume": 702049741.9, "trend": 19.173016, "fair_value": 12.611074, "relative_strength": 22.397945, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.759509, "energy": 17.548481, "activity_lines": [ 20.999213, 21.830878, 22.443511, 21.324849 ] }, { "date": "2025-12-05", "close": 21.1, "volume": 210232594, "typical_volume": 660799142.75, "trend": 19.484503, "fair_value": 12.655067, "relative_strength": 22.9, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.197742, "energy": 20.877848, "activity_lines": [ 20.878458, 21.606998, 22.316114, 21.449171 ] }, { "date": "2025-12-12", "close": 20.879999, "volume": 165006070, "typical_volume": 604394601.55, "trend": 19.766209, "fair_value": 12.699838, "relative_strength": 20.917955, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.814659, "energy": 24.021316, "activity_lines": [ 20.823333, 21.370859, 22.148191, 21.539203 ] }, { "date": "2025-12-19", "close": 21.190001, "volume": 193391699, "typical_volume": 540313163.95, "trend": 20.085318, "fair_value": 12.745096, "relative_strength": 21.489546, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.161846, "energy": 15.546154, "activity_lines": [ 20.958, 21.229538, 22.016536, 21.63106 ] }, { "date": "2025-12-26", "close": 21.6, "volume": 173360809, "typical_volume": 495131719.05, "trend": 20.422715, "fair_value": 12.789669, "relative_strength": 20.341914, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.895024, "energy": 12.155881, "activity_lines": [ 21.223333, 21.212084, 21.920411, 21.728782 ] }, { "date": "2026-01-02", "close": 21.530001, "volume": 107240495, "typical_volume": 448554925.15, "trend": 20.713214, "fair_value": 12.837732, "relative_strength": 18.612098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.956626, "energy": 10.562408, "activity_lines": [ 21.365334, 21.217604, 21.825781, 21.800219 ] }, { "date": "2026-01-09", "close": 23.4, "volume": 406972412, "typical_volume": 403507816.25, "trend": 21.05152, "fair_value": 12.900782, "relative_strength": 22.903706, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.514964, "energy": 24.37782, "activity_lines": [ 22.078667, 21.588307, 21.91684, 21.97356 ] }, { "date": "2026-01-16", "close": 23.809999, "volume": 418584180, "typical_volume": 365761660.4, "trend": 21.419009, "fair_value": 12.965898, "relative_strength": 24.373749, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.951959, "energy": 36.56691, "activity_lines": [ 22.775333, 22.029636, 22.048675, 22.151527 ] }, { "date": "2026-01-23", "close": 25.17, "volume": 349334205, "typical_volume": 339343258.7, "trend": 21.831831, "fair_value": 13.034481, "relative_strength": 28.917849, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.240932, "energy": 70.245922, "activity_lines": [ 23.73, 22.688545, 22.325867, 22.393526 ] }, { "date": "2026-01-30", "close": 27.030001, "volume": 743388854, "typical_volume": 351623976.9, "trend": 22.313915, "fair_value": 13.113799, "relative_strength": 37.203303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.710669, "energy": 84.914569, "activity_lines": [ 25.039334, 23.611637, 22.769132, 22.728892 ] }, { "date": "2026-02-06", "close": 24.67, "volume": 505836441, "typical_volume": 352634541.75, "trend": 22.637776, "fair_value": 13.172926, "relative_strength": 25.490779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.249604, "energy": 74.312259, "activity_lines": [ 25.2, 23.979637, 22.968468, 22.880898 ] }, { "date": "2026-02-13", "close": 29.459999, "volume": 731164970, "typical_volume": 363434143.4, "trend": 23.053466, "fair_value": 13.25757, "relative_strength": 46.959705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.157711, "energy": 87.094377, "activity_lines": [ 26.748, 25.147273, 23.613738, 23.321041 ] }, { "date": "2026-02-27", "close": 33.57, "volume": 558631735, "typical_volume": 380128101.25, "trend": 23.429247, "fair_value": 13.37131, "relative_strength": 61.18957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.523801, "energy": 96.037113, "activity_lines": [ 29.262, 26.910182, 24.617892, 23.999527 ] }, { "date": "2026-03-06", "close": 27.85, "volume": 621138019, "typical_volume": 394186439.75, "trend": 23.67588, "fair_value": 13.451947, "relative_strength": 33.184317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.754521, "energy": 73.003332, "activity_lines": [ 29.218667, 27.402364, 25.026927, 24.284737 ] }, { "date": "2026-03-13", "close": 25.299999, "volume": 325687143, "typical_volume": 358280101.35, "trend": 23.742075, "fair_value": 13.513362, "relative_strength": 20.555656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.455903, "energy": 52.394036, "activity_lines": [ 28.146666, 27.309818, 25.174308, 24.389519 ] }, { "date": "2026-03-20", "close": 22.25, "volume": 272263172, "typical_volume": 353998427.9, "trend": 23.712922, "fair_value": 13.561414, "relative_strength": 8.851853, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.024866, "energy": 23.451552, "activity_lines": [ 26.173333, 26.595454, 25.022944, 24.293256 ] }, { "date": "2026-03-27", "close": 22.469999, "volume": 317873813, "typical_volume": 348320571.9, "trend": 23.66982, "fair_value": 13.61494, "relative_strength": 10.156978, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.128989, "energy": 20.903804, "activity_lines": [ 24.434666, 25.908, 24.895699, 24.213067 ] }, { "date": "2026-04-03", "close": 22.5, "volume": 234305691, "typical_volume": 347809737.4, "trend": 23.51532, "fair_value": 13.671221, "relative_strength": 10.253437, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.296964, "energy": 25.586382, "activity_lines": [ 23.172, 25.242909, 24.774714, 24.137595 ] }, { "date": "2026-04-10", "close": 25.17, "volume": 390095998, "typical_volume": 356507940.15, "trend": 23.592811, "fair_value": 13.743304, "relative_strength": 18.72586, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -1.3996, "energy": 18.980268, "activity_lines": [ 23.537333, 25.087091, 24.906476, 24.244348 ] }, { "date": "2026-04-17", "close": 26.18, "volume": 370471694, "typical_volume": 364389029.25, "trend": 23.698648, "fair_value": 13.822674, "relative_strength": 20.116001, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.010047, "energy": 15.860437, "activity_lines": [ 24.418, 25.114909, 25.115047, 24.411264 ] }, { "date": "2026-04-24", "close": 24.98, "volume": 440307643, "typical_volume": 376764381.85, "trend": 23.78078, "fair_value": 13.891915, "relative_strength": 12.591776, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.942048, "energy": 7.659445, "activity_lines": [ 24.84, 24.94, 25.180381, 24.493932 ] }, { "date": "2026-05-01", "close": 26.030001, "volume": 306882372, "typical_volume": 381596870.75, "trend": 23.894254, "fair_value": 13.963323, "relative_strength": 15.087683, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.491557, "energy": 21.041082, "activity_lines": [ 25.43, 24.950364, 25.325571, 24.639043 ] }, { "date": "2026-05-08", "close": 26.5, "volume": 226651786, "typical_volume": 384679156.55, "trend": 24.01109, "fair_value": 14.045557, "relative_strength": 14.011974, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.971686, "energy": 25.325041, "activity_lines": [ 25.939334, 25.108546, 25.492048, 24.807155 ] }, { "date": "2026-05-15", "close": 25.139999, "volume": 415858741, "typical_volume": 395802508.65, "trend": 24.052332, "fair_value": 14.120636, "relative_strength": 8.36628, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.13564, "energy": 22.233794, "activity_lines": [ 25.728667, 25.148, 25.502238, 24.879988 ] }, { "date": "2026-05-22", "close": 23.799999, "volume": 289073832, "typical_volume": 401588159.8, "trend": 24.060214, "fair_value": 14.192439, "relative_strength": 2.415377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.68214, "energy": 11.254375, "activity_lines": [ 25.073333, 24.993091, 25.366, 24.863709 ] }, { "date": "2026-05-29", "close": 21.889999, "volume": 270742435, "typical_volume": 409763256.8, "trend": 24.026044, "fair_value": 14.25281, "relative_strength": -5.392652, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.980623, "energy": 24.433639, "activity_lines": [ 23.939999, 24.518181, 25.037381, 24.723695 ] }, { "date": "2026-06-05", "close": 23.799999, "volume": 95056198, "typical_volume": 394167446.1, "trend": 24.046562, "fair_value": 14.323925, "relative_strength": 3.040889, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.523217, "energy": 25.369525, "activity_lines": [ 23.649332, 24.39709, 24.888952, 24.709111 ] }, { "date": "2026-06-12", "close": 25.463478, "volume": 169349702, "typical_volume": 381705722.2, "trend": 24.156116, "fair_value": 14.407141, "relative_strength": 9.212728, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.532596, "energy": 15.956291, "activity_lines": [ 24.061825, 24.554268, 24.897045, 24.800525 ] }, { "date": "2026-06-19", "close": 31.247044, "volume": 889244313, "typical_volume": 408701227.6, "trend": 24.494351, "fair_value": 14.525306, "relative_strength": 30.474585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.850792, "energy": 46.526069, "activity_lines": [ 26.471275, 25.709122, 25.44808, 25.258004 ] }, { "date": "2026-06-26", "close": 29.727131, "volume": 154893742, "typical_volume": 379276472.0, "trend": 24.815255, "fair_value": 14.636541, "relative_strength": 24.612741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.51921, "energy": 64.188274, "activity_lines": [ 27.966951, 26.477137, 25.825424, 25.595603 ] }, { "date": "2026-07-03", "close": 28.572393, "volume": 111707415, "typical_volume": 359570020.7, "trend": 25.076001, "fair_value": 14.738123, "relative_strength": 18.010449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.053243, "energy": 65.496993, "activity_lines": [ 28.682572, 26.970705, 26.079949, 25.837999 ] }, { "date": "2026-07-10", "close": 23.973175, "volume": 498186821, "typical_volume": 347921113.25, "trend": 25.171774, "fair_value": 14.813161, "relative_strength": -0.568868, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.2613, "energy": 42.487565, "activity_lines": [ 27.419627, 26.562736, 25.87787, 25.766849 ] }, { "date": "2026-07-17", "close": 21.15, "volume": 438444978, "typical_volume": 341911775.4, "trend": 25.180774, "fair_value": 14.868289, "relative_strength": -7.272992, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.464544, "energy": 5.809849, "activity_lines": [ 25.204079, 25.67886, 25.433045, 25.50738 ] }, { "date": "2026-07-24", "close": 20.26, "volume": 443014400, "typical_volume": 333005594.45, "trend": 25.149774, "fair_value": 14.914462, "relative_strength": -12.480649, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.367788, "energy": 38.041659, "activity_lines": [ 22.979429, 24.730438, 24.962601, 25.189911 ] }, { "date": "2026-07-31", "close": 20.700001, "volume": 295037524, "typical_volume": 331473113.5, "trend": 25.119774, "fair_value": 14.965705, "relative_strength": -10.774423, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.41024, "energy": 57.913777, "activity_lines": [ 21.633917, 23.950743, 24.570205, 24.902828 ] }, { "date": "2026-08-07", "close": 23.940001, "volume": 477997914, "typical_volume": 341759850.6, "trend": 25.200107, "fair_value": 15.041434, "relative_strength": 0.263106, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.309166, "energy": 61.207932, "activity_lines": [ 21.970212, 23.816503, 24.508285, 24.826714 ] } ], "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." } } }