{ "ticker": { "uuid": "efeb5705-98a4-42b0-94ab-726190eced25", "symbol": "301101", "name": "Mingyue Optical Lens Co.,Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -45.349, "architecture_energy": 38.197, "architecture_maturity": 100.0, "architecture_confidence": 66.564, "architecture_tenure": "Established", "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": 29.79, "rotation_up": 26.0, "upward_expansion": 17.43, "deceleration": 66.93, "rotation_down": 36.17, "downward_expansion": 62.76 }, "activity_lines": [ 29.009334, 28.834, 30.459978, 31.945704 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 29.530001, "trend_reference": 34.482151, "distance_from_trend": -0.143615, "trend_direction": "Weakening", "fair_value": 35.898467, "distance_from_fair_value": -0.177402, "fair_value_direction": "Weakening", "relative_strength": -25.098011, "relative_strength_direction": "Improving", "price_momentum": -0.277743, "excess_performance": -0.285143, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.143615, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.096647, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.177402, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.162582, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.25098, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.049858, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.277743, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.659853, "read": "Supply-led" } ], "volume": { "latest": 10536776, "relative_activity": 1.07929, "balance": 0.659853, "dry_up": 1.397599, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.082937, "annualized_volatility": 0.369471, "from_high_reference": -0.420826, "from_low_reference": 0.109733 }, "levels": { "trend_reference": 34.482151, "fair_value_reference": 35.898467, "structural_low": 26.610001, "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": 22, "median_return": -0.022401, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.030201, "regime_survival": 0.863636, "best_return": 0.24015, "worst_return": -0.156922, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.108602, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.052465, "regime_survival": 0.875, "best_return": 0.719453, "worst_return": -0.262379, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.113999, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.076469, "regime_survival": 0.75, "best_return": 1.613586, "worst_return": -0.206534, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.368575, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.193019, "regime_survival": 0.5, "best_return": 1.065666, "worst_return": -0.328516, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-08", "end": "2023-12-22", "tenure": "New", "return": 0.016197, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-29", "end": "2024-01-12", "tenure": "New", "return": -0.134974, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-19", "end": "2024-01-26", "tenure": "New", "return": -0.074529, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-02", "end": "2024-09-27", "tenure": "Extended", "return": -0.070054, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": 0.319056, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-24", "tenure": "Developing", "return": 0.22765, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.156796, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": 0.195292, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": -0.102266, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": 0.116167, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-10-10", "tenure": "Established", "return": -0.064321, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-17", "end": "2026-01-30", "tenure": "Established", "return": 0.062484, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-03-06", "tenure": "New", "return": -0.02925, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-08-07", "tenure": "Established", "return": -0.177198, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 38.904202, "volume": 4383165, "typical_volume": 6591150.0, "trend": 39.983576, "fair_value": 35.521149, "relative_strength": 1.500438, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.012111, "energy": 39.563476, "activity_lines": [ 38.43865, 39.395268, 40.260577, 40.022567 ] }, { "date": "2023-08-04", "close": 39.915577, "volume": 7706062, "typical_volume": 6770391.6, "trend": 39.973746, "fair_value": 35.574094, "relative_strength": 2.373493, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.066616, "energy": 24.94486, "activity_lines": [ 38.900993, 39.287913, 40.274324, 40.01818 ] }, { "date": "2023-08-11", "close": 36.958511, "volume": 13300627, "typical_volume": 7185927.55, "trend": 39.876408, "fair_value": 35.590575, "relative_strength": -1.818969, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.107433, "energy": 34.645886, "activity_lines": [ 38.351318, 38.729949, 39.990137, 39.823649 ] }, { "date": "2023-08-18", "close": 35.860451, "volume": 5569219, "typical_volume": 7096392.8, "trend": 39.684829, "fair_value": 35.59375, "relative_strength": -1.804148, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.521639, "energy": 52.853049, "activity_lines": [ 37.533872, 38.090201, 39.596227, 39.564555 ] }, { "date": "2023-08-25", "close": 32.893753, "volume": 6401303, "typical_volume": 7120279.45, "trend": 39.426688, "fair_value": 35.562355, "relative_strength": -7.26487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.748093, "energy": 78.783983, "activity_lines": [ 35.834764, 37.025237, 38.917852, 39.126421 ] }, { "date": "2023-09-01", "close": 35.080242, "volume": 5106691, "typical_volume": 6995766.85, "trend": 39.161674, "fair_value": 35.556813, "relative_strength": -4.249933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.870473, "energy": 77.683715, "activity_lines": [ 35.226012, 36.518411, 38.465117, 38.846005 ] }, { "date": "2023-09-08", "close": 35.976036, "volume": 4556580, "typical_volume": 6903650.9, "trend": 38.990963, "fair_value": 35.561577, "relative_strength": -0.04289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.033166, "energy": 75.959112, "activity_lines": [ 35.170788, 36.271303, 38.107175, 38.64048 ] }, { "date": "2023-09-15", "close": 36.727345, "volume": 4428958, "typical_volume": 5740035.15, "trend": 38.838702, "fair_value": 35.574676, "relative_strength": 3.36365, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.02321, "energy": 64.850612, "activity_lines": [ 35.628637, 36.225245, 37.82026, 38.49444 ] }, { "date": "2023-09-22", "close": 35.976036, "volume": 6004234, "typical_volume": 5819619.6, "trend": 38.68054, "fair_value": 35.579135, "relative_strength": 0.792816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.389391, "energy": 39.992171, "activity_lines": [ 35.85146, 36.073583, 37.487401, 38.309752 ] }, { "date": "2023-09-29", "close": 36.293896, "volume": 4702838, "typical_volume": 5662107.65, "trend": 38.609539, "fair_value": 35.58699, "relative_strength": 2.408647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.574181, "energy": 28.90582, "activity_lines": [ 36.172532, 36.006858, 37.215553, 38.155775 ] }, { "date": "2023-10-13", "close": 31.323713, "volume": 10244386, "typical_volume": 5672383.75, "trend": 38.41434, "fair_value": 35.54065, "relative_strength": -11.23321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.185036, "energy": 51.528052, "activity_lines": [ 34.610199, 35.073242, 36.503922, 37.685722 ] }, { "date": "2023-10-20", "close": 30.206385, "volume": 4906234, "typical_volume": 5618867.7, "trend": 38.204867, "fair_value": 35.483292, "relative_strength": -9.824964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.942479, "energy": 77.180745, "activity_lines": [ 32.925859, 34.074301, 35.751836, 37.156176 ] }, { "date": "2023-10-27", "close": 34.9165, "volume": 11094333, "typical_volume": 5938785.15, "trend": 38.172815, "fair_value": 35.477263, "relative_strength": 2.355867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.813268, "energy": 59.490374, "activity_lines": [ 33.1962, 34.108277, 35.517362, 36.944024 ] }, { "date": "2023-11-03", "close": 33.934021, "volume": 5278166, "typical_volume": 5944442.45, "trend": 38.122052, "fair_value": 35.461018, "relative_strength": -1.036159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.468836, "energy": 58.657394, "activity_lines": [ 33.259772, 34.000747, 35.229911, 36.670553 ] }, { "date": "2023-11-10", "close": 34.579376, "volume": 2923485, "typical_volume": 5907697.65, "trend": 38.056431, "fair_value": 35.451834, "relative_strength": -0.302754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.487282, "energy": 40.148637, "activity_lines": [ 33.674596, 34.04558, 35.043002, 36.441993 ] }, { "date": "2023-11-17", "close": 35.61964, "volume": 3275181, "typical_volume": 5966814.1, "trend": 38.008045, "fair_value": 35.453564, "relative_strength": 2.763077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.367092, "energy": 20.801255, "activity_lines": [ 34.550477, 34.248904, 34.989199, 36.284781 ] }, { "date": "2023-11-24", "close": 35.870083, "volume": 2850168, "typical_volume": 5895887.0, "trend": 38.008205, "fair_value": 35.457814, "relative_strength": 4.790133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.778709, "energy": 20.473445, "activity_lines": [ 35.223443, 34.487957, 34.982044, 36.146848 ] }, { "date": "2023-12-01", "close": 37.73872, "volume": 4198092, "typical_volume": 5824315.45, "trend": 37.862646, "fair_value": 35.480854, "relative_strength": 11.414449, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.350028, "energy": 16.245522, "activity_lines": [ 36.141708, 35.068688, 35.170238, 36.129462 ] }, { "date": "2023-12-08", "close": 36.871819, "volume": 3031034, "typical_volume": 5788286.95, "trend": 37.677343, "fair_value": 35.494763, "relative_strength": 10.482572, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.634543, "energy": 18.645735, "activity_lines": [ 36.582859, 35.473412, 35.279172, 36.065538 ] }, { "date": "2023-12-15", "close": 37.411224, "volume": 3388838, "typical_volume": 5667479.7, "trend": 37.479606, "fair_value": 35.513738, "relative_strength": 13.628556, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.587547, "energy": 19.129068, "activity_lines": [ 37.007957, 35.959923, 35.442323, 36.048369 ] }, { "date": "2023-12-22", "close": 37.469017, "volume": 3860946, "typical_volume": 5641368.75, "trend": 37.222754, "fair_value": 35.532908, "relative_strength": 15.241841, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.742389, "energy": 26.919785, "activity_lines": [ 37.263531, 36.436626, 35.615288, 36.047685 ] }, { "date": "2023-12-29", "close": 40.320129, "volume": 5972823, "typical_volume": 5554706.8, "trend": 37.076667, "fair_value": 35.579386, "relative_strength": 19.448585, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.073174, "energy": 49.533533, "activity_lines": [ 38.346183, 37.319981, 36.066623, 36.247516 ] }, { "date": "2024-01-05", "close": 36.486538, "volume": 4578521, "typical_volume": 5118601.5, "trend": 36.844853, "fair_value": 35.588108, "relative_strength": 12.573365, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.490655, "energy": 23.919617, "activity_lines": [ 37.854302, 37.322432, 36.150927, 36.209443 ] }, { "date": "2024-01-12", "close": 34.877968, "volume": 2770594, "typical_volume": 4978670.25, "trend": 36.602766, "fair_value": 35.581345, "relative_strength": 8.914357, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 1.241211, "energy": 8.200312, "activity_lines": [ 36.909709, 37.003871, 36.084281, 36.082547 ] }, { "date": "2024-01-19", "close": 33.731747, "volume": 1525611, "typical_volume": 4734885.65, "trend": 36.336277, "fair_value": 35.563896, "relative_strength": 7.650943, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.329151, "energy": 11.656365, "activity_lines": [ 35.715966, 36.459743, 35.91315, 35.89732 ] }, { "date": "2024-01-26", "close": 31.217756, "volume": 3054159, "typical_volume": 4632259.05, "trend": 36.029974, "fair_value": 35.523278, "relative_strength": -0.078813, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -72.537258, "energy": 49.008018, "activity_lines": [ 33.929525, 35.473937, 35.498601, 35.567093 ] }, { "date": "2024-02-02", "close": 25.082088, "volume": 4876109, "typical_volume": 4648235.5, "trend": 35.548689, "fair_value": 35.4266, "relative_strength": -12.54497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.428724, "energy": 85.770419, "activity_lines": [ 30.514612, 33.452589, 34.518096, 34.860778 ] }, { "date": "2024-02-09", "close": 30.052271, "volume": 7069700, "typical_volume": 4780272.6, "trend": 35.269357, "fair_value": 35.377294, "relative_strength": -4.216841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.126091, "energy": 74.932228, "activity_lines": [ 29.772296, 32.531057, 34.062817, 34.50617 ] }, { "date": "2024-02-23", "close": 30.167852, "volume": 4756863, "typical_volume": 4717904.05, "trend": 35.025985, "fair_value": 35.329936, "relative_strength": -6.433232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.19636, "energy": 74.564204, "activity_lines": [ 29.497458, 31.770292, 33.650332, 34.177041 ] }, { "date": "2024-03-01", "close": 29.455076, "volume": 6026684, "typical_volume": 4784096.35, "trend": 34.730599, "fair_value": 35.277009, "relative_strength": -11.989646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.094589, "energy": 68.96277, "activity_lines": [ 29.299036, 31.001823, 33.197621, 33.817628 ] }, { "date": "2024-03-08", "close": 27.836878, "volume": 5128115, "typical_volume": 4528282.8, "trend": 34.361688, "fair_value": 35.210579, "relative_strength": -16.021382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.715894, "energy": 49.018704, "activity_lines": [ 28.846325, 30.083792, 32.623362, 33.372871 ] }, { "date": "2024-03-15", "close": 29.185377, "volume": 4613829, "typical_volume": 4513662.55, "trend": 34.004015, "fair_value": 35.157259, "relative_strength": -14.089213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.466037, "energy": 42.437387, "activity_lines": [ 29.068507, 29.586074, 32.194136, 33.038916 ] }, { "date": "2024-03-22", "close": 28.472599, "volume": 4726139, "typical_volume": 4195252.85, "trend": 33.721151, "fair_value": 35.098622, "relative_strength": -15.648725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.32468, "energy": 42.738948, "activity_lines": [ 28.779543, 29.161209, 31.701888, 32.68205 ] }, { "date": "2024-03-29", "close": 27.037409, "volume": 5090878, "typical_volume": 4185888.45, "trend": 33.42705, "fair_value": 35.028524, "relative_strength": -18.337151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.925767, "energy": 46.002435, "activity_lines": [ 28.117494, 28.621108, 31.10364, 32.250841 ] }, { "date": "2024-04-05", "close": 26.84477, "volume": 3691024, "typical_volume": 4224265.4, "trend": 33.225417, "fair_value": 34.957975, "relative_strength": -20.023074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.982563, "energy": 47.209829, "activity_lines": [ 27.599928, 28.188538, 30.519887, 31.826178 ] }, { "date": "2024-04-12", "close": 25.101349, "volume": 4182850, "typical_volume": 4269648.85, "trend": 32.892787, "fair_value": 34.87373, "relative_strength": -22.52336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.200353, "energy": 67.80934, "activity_lines": [ 26.675242, 27.5642, 29.806925, 31.302044 ] }, { "date": "2024-04-19", "close": 24.841284, "volume": 6186263, "typical_volume": 4436453.6, "trend": 32.521629, "fair_value": 34.788709, "relative_strength": -23.591633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.202754, "energy": 71.688748, "activity_lines": [ 25.846236, 27.003785, 29.119282, 30.782593 ] }, { "date": "2024-04-26", "close": 25.958612, "volume": 8366006, "typical_volume": 4644849.3, "trend": 32.162671, "fair_value": 34.714507, "relative_strength": -21.53935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.231106, "energy": 65.612519, "activity_lines": [ 25.679279, 26.650899, 28.59057, 30.359172 ] }, { "date": "2024-05-03", "close": 26.218679, "volume": 2347027, "typical_volume": 4610648.95, "trend": 31.837426, "fair_value": 34.643708, "relative_strength": -21.600333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.543903, "energy": 59.537945, "activity_lines": [ 25.766611, 26.419728, 28.142721, 29.975689 ] }, { "date": "2024-05-10", "close": 26.536539, "volume": 5712646, "typical_volume": 4726839.35, "trend": 31.512181, "fair_value": 34.576707, "relative_strength": -21.397555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.484935, "energy": 51.48182, "activity_lines": [ 26.014478, 26.318153, 27.775874, 29.633696 ] }, { "date": "2024-05-17", "close": 26.237942, "volume": 4085685, "typical_volume": 4738076.3, "trend": 31.342655, "fair_value": 34.508356, "relative_strength": -21.632711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.953061, "energy": 56.253027, "activity_lines": [ 26.183361, 26.215351, 27.432374, 29.293423 ] }, { "date": "2024-05-24", "close": 25.226568, "volume": 3932523, "typical_volume": 4636061.3, "trend": 31.176661, "fair_value": 34.432894, "relative_strength": -21.82625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.02918, "energy": 58.773262, "activity_lines": [ 25.939346, 25.957735, 27.046033, 28.898836 ] }, { "date": "2024-05-31", "close": 25.1567, "volume": 2671305, "typical_volume": 4540700.5, "trend": 30.851334, "fair_value": 34.358086, "relative_strength": -20.925825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.722228, "energy": 65.356055, "activity_lines": [ 25.646357, 25.759394, 26.724913, 28.510452 ] }, { "date": "2024-06-07", "close": 23.880356, "volume": 5281659, "typical_volume": 4666253.75, "trend": 30.516212, "fair_value": 34.274265, "relative_strength": -23.398186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.394182, "energy": 74.991134, "activity_lines": [ 24.98138, 25.38928, 26.336187, 28.060711 ] }, { "date": "2024-06-14", "close": 22.779383, "volume": 3779528, "typical_volume": 4778949.6, "trend": 30.122879, "fair_value": 34.183035, "relative_strength": -26.276455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.376081, "energy": 84.019794, "activity_lines": [ 24.105301, 24.87639, 25.894977, 27.561561 ] }, { "date": "2024-06-21", "close": 21.629698, "volume": 7089563, "typical_volume": 4980719.8, "trend": 29.656548, "fair_value": 34.08419, "relative_strength": -27.919973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.320747, "energy": 91.946917, "activity_lines": [ 23.096471, 24.228382, 25.396427, 27.013614 ] }, { "date": "2024-06-28", "close": 21.766102, "volume": 6193293, "typical_volume": 5046579.0, "trend": 29.186415, "fair_value": 33.987955, "relative_strength": -25.158613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.651774, "energy": 91.03148, "activity_lines": [ 22.440324, 23.668296, 24.956525, 26.504553 ] }, { "date": "2024-07-05", "close": 22.048649, "volume": 4799706, "typical_volume": 4933079.3, "trend": 28.663413, "fair_value": 33.895402, "relative_strength": -22.343734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.103509, "energy": 86.982554, "activity_lines": [ 22.109058, 23.215494, 24.559323, 26.044052 ] }, { "date": "2024-07-12", "close": 22.097366, "volume": 6413650, "typical_volume": 5015918.65, "trend": 28.170931, "fair_value": 33.804648, "relative_strength": -23.072516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.467244, "energy": 79.543027, "activity_lines": [ 22.001234, 22.84264, 24.204873, 25.620436 ] }, { "date": "2024-07-19", "close": 22.935274, "volume": 12003935, "typical_volume": 5314781.2, "trend": 27.688399, "fair_value": 33.721676, "relative_strength": -20.144934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.661316, "energy": 61.796417, "activity_lines": [ 22.291579, 22.697066, 23.968654, 25.282652 ] }, { "date": "2024-07-26", "close": 19.992855, "volume": 10169349, "typical_volume": 5566842.9, "trend": 27.10586, "fair_value": 33.61767, "relative_strength": -27.454875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.665135, "energy": 69.373893, "activity_lines": [ 21.590725, 22.081985, 23.483252, 24.786165 ] }, { "date": "2024-08-02", "close": 20.324121, "volume": 22070857, "typical_volume": 6439694.3, "trend": 26.439327, "fair_value": 33.517718, "relative_strength": -25.353556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.137917, "energy": 63.370702, "activity_lines": [ 21.109415, 21.64068, 23.066752, 24.348633 ] }, { "date": "2024-08-09", "close": 19.729792, "volume": 10261878, "typical_volume": 6716481.25, "trend": 25.880769, "fair_value": 33.414823, "relative_strength": -25.637878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.864118, "energy": 65.466736, "activity_lines": [ 20.526128, 21.180451, 22.635845, 23.91576 ] }, { "date": "2024-08-16", "close": 26.55971, "volume": 77394246, "typical_volume": 10331649.65, "trend": 25.603493, "fair_value": 33.364045, "relative_strength": 0.857362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.74066, "energy": 23.625991, "activity_lines": [ 22.374071, 22.060697, 22.897039, 23.959563 ] }, { "date": "2024-08-23", "close": 24.386997, "volume": 76355487, "typical_volume": 13964872.8, "trend": 25.292002, "fair_value": 33.298037, "relative_strength": -5.238844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.653603, "energy": 15.858389, "activity_lines": [ 23.200287, 22.497188, 22.953583, 23.881079 ] }, { "date": "2024-08-30", "close": 26.257673, "volume": 65052695, "typical_volume": 17008365.05, "trend": 25.126666, "fair_value": 33.246647, "relative_strength": 0.168186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.722255, "energy": 16.518145, "activity_lines": [ 24.553279, 23.244573, 23.19999, 23.943381 ] }, { "date": "2024-09-06", "close": 22.087624, "volume": 39533389, "typical_volume": 18675721.35, "trend": 25.02685, "fair_value": 33.165785, "relative_strength": -13.201624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.859067, "energy": 22.137782, "activity_lines": [ 24.098601, 23.149622, 23.043743, 23.747313 ] }, { "date": "2024-09-13", "close": 20.850248, "volume": 19975912, "typical_volume": 19256216.65, "trend": 24.720116, "fair_value": 33.077184, "relative_strength": -16.171613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.729573, "energy": 15.256311, "activity_lines": [ 23.113897, 22.823848, 22.782764, 23.477855 ] }, { "date": "2024-09-20", "close": 20.772303, "volume": 12169045, "typical_volume": 19747317.55, "trend": 24.406931, "fair_value": 32.989292, "relative_strength": -16.957271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.68272, "energy": 26.927296, "activity_lines": [ 22.028515, 22.505691, 22.538687, 23.223157 ] }, { "date": "2024-09-27", "close": 23.324997, "volume": 36319884, "typical_volume": 21277679.45, "trend": 24.202595, "fair_value": 32.920751, "relative_strength": -20.28328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.743241, "energy": 23.783385, "activity_lines": [ 22.179857, 22.675752, 22.563658, 23.153355 ] }, { "date": "2024-10-04", "close": 26.842258, "volume": 14598337, "typical_volume": 21803312.05, "trend": 24.169441, "fair_value": 32.877945, "relative_strength": -16.590614, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.555527, "energy": 4.09142, "activity_lines": [ 23.57442, 23.47823, 22.9389, 23.323656 ] }, { "date": "2024-10-11", "close": 24.533144, "volume": 36328559, "typical_volume": 23423113.85, "trend": 24.014367, "fair_value": 32.819589, "relative_strength": -19.629629, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.557499, "energy": 11.278627, "activity_lines": [ 24.160306, 23.736334, 23.091349, 23.347121 ] }, { "date": "2024-10-18", "close": 25.760775, "volume": 25641647, "typical_volume": 24571630.95, "trend": 23.923973, "fair_value": 32.77057, "relative_strength": -17.701817, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.267759, "energy": 20.855109, "activity_lines": [ 24.992368, 24.141116, 23.364017, 23.459792 ] }, { "date": "2024-10-25", "close": 26.092041, "volume": 30229789, "typical_volume": 25819037.45, "trend": 23.89246, "fair_value": 32.724511, "relative_strength": -18.337914, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.487868, "energy": 36.103155, "activity_lines": [ 25.607483, 24.496474, 23.665357, 23.599668 ] }, { "date": "2024-11-01", "close": 24.221363, "volume": 27812900, "typical_volume": 27020706.05, "trend": 23.805013, "fair_value": 32.66627, "relative_strength": -22.377467, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.511695, "energy": 29.195839, "activity_lines": [ 25.24439, 24.520211, 23.778006, 23.620887 ] }, { "date": "2024-11-08", "close": 28.147835, "volume": 50656363, "typical_volume": 29199046.05, "trend": 23.906563, "fair_value": 32.635533, "relative_strength": -14.996611, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.057418, "energy": 37.927828, "activity_lines": [ 26.130363, 25.260864, 24.257738, 23.901069 ] }, { "date": "2024-11-15", "close": 35.406452, "volume": 57211811, "typical_volume": 31749971.95, "trend": 24.258735, "fair_value": 32.654255, "relative_strength": 11.152709, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 87.333166, "energy": 76.758406, "activity_lines": [ 29.348836, 27.2869, 25.397728, 24.642998 ] }, { "date": "2024-11-22", "close": 31.713812, "volume": 96492686, "typical_volume": 36334620.95, "trend": 24.450575, "fair_value": 32.647943, "relative_strength": 2.873881, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.429569, "energy": 72.899278, "activity_lines": [ 30.611543, 28.399385, 26.121084, 25.12397 ] }, { "date": "2024-11-29", "close": 37.803253, "volume": 75997789, "typical_volume": 39813827.9, "trend": 24.836728, "fair_value": 32.682312, "relative_strength": 20.69309, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.263057, "energy": 84.72718, "activity_lines": [ 33.507193, 30.421522, 27.378362, 25.985433 ] }, { "date": "2024-12-06", "close": 37.978626, "volume": 71024673, "typical_volume": 42764864.8, "trend": 25.218131, "fair_value": 32.717387, "relative_strength": 19.517422, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.534605, "energy": 85.706714, "activity_lines": [ 35.680554, 32.165892, 28.577553, 26.833298 ] }, { "date": "2024-12-13", "close": 42.4702, "volume": 54762480, "typical_volume": 44994521.35, "trend": 25.759206, "fair_value": 32.78155, "relative_strength": 34.536459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.190374, "energy": 87.453029, "activity_lines": [ 38.433956, 34.460482, 30.132877, 27.946335 ] }, { "date": "2024-12-20", "close": 46.406418, "volume": 67664715, "typical_volume": 47274214.25, "trend": 26.465201, "fair_value": 32.870602, "relative_strength": 47.564193, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.61629, "energy": 86.764576, "activity_lines": [ 41.544606, 37.186603, 31.956044, 29.278413 ] }, { "date": "2024-12-27", "close": 45.568508, "volume": 60603442, "typical_volume": 49791292.45, "trend": 27.145594, "fair_value": 32.953056, "relative_strength": 44.51926, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.096724, "energy": 81.194858, "activity_lines": [ 43.642621, 39.362681, 33.575209, 30.510884 ] }, { "date": "2025-01-03", "close": 40.22929, "volume": 31456422, "typical_volume": 47494401.25, "trend": 27.690559, "fair_value": 32.999999, "relative_strength": 37.570976, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.662883, "energy": 59.148172, "activity_lines": [ 43.037251, 40.207852, 34.562836, 31.354994 ] }, { "date": "2025-01-10", "close": 35.37722, "volume": 41004949, "typical_volume": 45726874.35, "trend": 28.110487, "fair_value": 33.015238, "relative_strength": 22.539782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.448633, "energy": 49.804973, "activity_lines": [ 40.652788, 39.913788, 35.023267, 31.850907 ] }, { "date": "2025-01-17", "close": 37.228409, "volume": 32480988, "typical_volume": 44098289.0, "trend": 28.630444, "fair_value": 32.975318, "relative_strength": 24.488285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.520003, "energy": 33.12888, "activity_lines": [ 39.058815, 39.753469, 35.607668, 32.43916 ] }, { "date": "2025-01-24", "close": 38.933453, "volume": 31358773, "typical_volume": 43689558.2, "trend": 29.202689, "fair_value": 33.048751, "relative_strength": 28.574837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.427612, "energy": 22.903239, "activity_lines": [ 38.382643, 39.738057, 36.302212, 33.10387 ] }, { "date": "2025-01-31", "close": 40.141598, "volume": 9421638, "typical_volume": 43161844.5, "trend": 29.805787, "fair_value": 33.086529, "relative_strength": 34.007029, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.393901, "energy": 21.844163, "activity_lines": [ 38.607384, 39.87818, 37.031599, 33.809607 ] }, { "date": "2025-02-07", "close": 46.435646, "volume": 46647559, "typical_volume": 44885770.2, "trend": 30.617063, "fair_value": 33.173212, "relative_strength": 47.634318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.881034, "energy": 39.888457, "activity_lines": [ 41.291935, 41.009444, 38.268556, 34.882501 ] }, { "date": "2025-02-14", "close": 43.454254, "volume": 48202389, "typical_volume": 45479895.45, "trend": 31.301029, "fair_value": 33.248333, "relative_strength": 35.369928, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.609158, "energy": 41.275036, "activity_lines": [ 42.568931, 41.441683, 39.099365, 35.710707 ] }, { "date": "2025-02-21", "close": 54.473709, "volume": 79069202, "typical_volume": 48703438.7, "trend": 32.450391, "fair_value": 33.364096, "relative_strength": 64.239442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.766196, "energy": 68.955687, "activity_lines": [ 46.98061, 43.777903, 40.883792, 37.205718 ] }, { "date": "2025-02-28", "close": 53.879379, "volume": 84063571, "typical_volume": 51090189.3, "trend": 33.5689, "fair_value": 33.499182, "relative_strength": 66.195655, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.330994, "energy": 78.446965, "activity_lines": [ 50.044492, 45.787817, 42.480037, 38.588233 ] }, { "date": "2025-03-07", "close": 57.727909, "volume": 51723607, "typical_volume": 52394287.3, "trend": 34.835503, "fair_value": 33.675934, "relative_strength": 71.706466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.950141, "energy": 83.898393, "activity_lines": [ 53.394823, 48.361592, 44.303065, 40.146879 ] }, { "date": "2025-03-14", "close": 53.86964, "volume": 45262428, "typical_volume": 53145919.25, "trend": 35.745834, "fair_value": 33.826783, "relative_strength": 56.450879, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.619509, "energy": 77.763443, "activity_lines": [ 54.286643, 50.012784, 45.606415, 41.374888 ] }, { "date": "2025-03-21", "close": 52.057419, "volume": 34455768, "typical_volume": 53478062.65, "trend": 36.668182, "fair_value": 33.977884, "relative_strength": 53.51767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.550094, "energy": 69.94122, "activity_lines": [ 54.07879, 51.086474, 46.604898, 42.427248 ] }, { "date": "2025-03-28", "close": 50.956448, "volume": 36899167, "typical_volume": 52790202.85, "trend": 37.491474, "fair_value": 34.109897, "relative_strength": 49.658625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.584146, "energy": 48.671677, "activity_lines": [ 52.930402, 51.656712, 47.365974, 43.349072 ] }, { "date": "2025-04-04", "close": 51.940502, "volume": 32343964, "typical_volume": 51546810.5, "trend": 38.48657, "fair_value": 34.257867, "relative_strength": 54.075138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.876157, "energy": 39.63642, "activity_lines": [ 52.344517, 52.156268, 48.112157, 44.281267 ] }, { "date": "2025-04-11", "close": 47.848396, "volume": 41380848, "typical_volume": 48791218.6, "trend": 39.386509, "fair_value": 34.393938, "relative_strength": 47.730223, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.170037, "energy": 25.555356, "activity_lines": [ 50.523854, 51.675312, 48.389882, 44.885256 ] }, { "date": "2025-04-18", "close": 45.626968, "volume": 30332042, "typical_volume": 46507931.25, "trend": 40.214997, "fair_value": 34.52683, "relative_strength": 40.007061, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.568054, "energy": 18.80828, "activity_lines": [ 48.62135, 50.650337, 48.379211, 45.287866 ] }, { "date": "2025-04-25", "close": 46.289497, "volume": 24474109, "typical_volume": 44180403.05, "trend": 40.980481, "fair_value": 34.657187, "relative_strength": 38.561192, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.790155, "energy": 18.667891, "activity_lines": [ 47.4892, 49.760525, 48.394382, 45.67977 ] }, { "date": "2025-05-02", "close": 50.61544, "volume": 20741981, "typical_volume": 42479378.1, "trend": 41.77292, "fair_value": 34.835904, "relative_strength": 49.741364, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.619625, "energy": 18.903797, "activity_lines": [ 48.183559, 49.605699, 48.781972, 46.30138 ] }, { "date": "2025-05-09", "close": 51.959991, "volume": 29323259, "typical_volume": 40562305.3, "trend": 42.687148, "fair_value": 35.03309, "relative_strength": 48.265736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.848621, "energy": 17.3424, "activity_lines": [ 49.348836, 49.765486, 49.258828, 46.95861 ] }, { "date": "2025-05-16", "close": 49.758045, "volume": 25361555, "typical_volume": 38800210.95, "trend": 43.487057, "fair_value": 35.22242, "relative_strength": 39.551567, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.153546, "energy": 21.218347, "activity_lines": [ 49.778831, 49.559818, 49.499529, 47.414797 ] }, { "date": "2025-05-23", "close": 41.398144, "volume": 37135406, "typical_volume": 39084160.15, "trend": 43.997261, "fair_value": 35.366193, "relative_strength": 15.750641, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.223884, "energy": 2.357035, "activity_lines": [ 47.294883, 47.979074, 48.924099, 47.280028 ] }, { "date": "2025-05-30", "close": 41.14193, "volume": 23296200, "typical_volume": 38198722.7, "trend": 44.56128, "fair_value": 35.497586, "relative_strength": 15.200109, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.437242, "energy": 17.89905, "activity_lines": [ 45.007452, 46.578501, 48.318701, 47.095814 ] }, { "date": "2025-06-06", "close": 42.955132, "volume": 19150924, "typical_volume": 37532219.5, "trend": 45.054856, "fair_value": 35.624696, "relative_strength": 17.54646, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.851602, "energy": 37.653704, "activity_lines": [ 43.667593, 45.706063, 47.858539, 46.992191 ] }, { "date": "2025-06-13", "close": 43.093094, "volume": 37247233, "typical_volume": 37826642.5, "trend": 45.311078, "fair_value": 35.728951, "relative_strength": 17.510923, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.038661, "energy": 45.182365, "activity_lines": [ 42.884408, 45.004189, 47.384245, 46.865626 ] }, { "date": "2025-06-20", "close": 44.246056, "volume": 46826131, "typical_volume": 39696867.15, "trend": 45.728819, "fair_value": 35.82607, "relative_strength": 20.761586, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.288684, "energy": 39.90961, "activity_lines": [ 43.07667, 44.672806, 46.99995, 46.796915 ] }, { "date": "2025-06-27", "close": 48.099106, "volume": 70285584, "typical_volume": 40878768.4, "trend": 46.072014, "fair_value": 35.936804, "relative_strength": 25.124252, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.628189, "energy": 9.219097, "activity_lines": [ 44.920749, 45.107474, 46.963067, 46.949837 ] }, { "date": "2025-07-04", "close": 45.655228, "volume": 29619026, "typical_volume": 39949600.25, "trend": 46.327901, "fair_value": 36.027986, "relative_strength": 16.203841, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.232848, "energy": 5.290388, "activity_lines": [ 45.50347, 45.052853, 46.685512, 46.922947 ] }, { "date": "2025-07-11", "close": 45.123093, "volume": 18275582, "typical_volume": 36909919.25, "trend": 46.416331, "fair_value": 36.117312, "relative_strength": 11.846651, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.685701, "energy": 7.398246, "activity_lines": [ 45.607927, 44.913012, 46.346797, 46.845218 ] }, { "date": "2025-07-18", "close": 45.201923, "volume": 17767951, "typical_volume": 33595138.25, "trend": 46.376181, "fair_value": 36.222276, "relative_strength": 8.937122, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.807739, "energy": 7.295161, "activity_lines": [ 45.594129, 44.887365, 46.060116, 46.766869 ] }, { "date": "2025-07-25", "close": 45.487701, "volume": 20499371, "typical_volume": 32033926.45, "trend": 46.373487, "fair_value": 36.310381, "relative_strength": 6.191034, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.334969, "energy": 6.89042, "activity_lines": [ 45.535003, 45.036552, 45.841973, 46.709547 ] }, { "date": "2025-08-01", "close": 43.359161, "volume": 19579240, "typical_volume": 30749767.05, "trend": 46.477816, "fair_value": 36.37891, "relative_strength": 2.047679, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.94267, "energy": 21.227354, "activity_lines": [ 44.683586, 44.876374, 45.479399, 46.515075 ] }, { "date": "2025-08-08", "close": 43.546394, "volume": 18162488, "typical_volume": 29935103.05, "trend": 46.750122, "fair_value": 36.433874, "relative_strength": 0.442719, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.139792, "energy": 33.788773, "activity_lines": [ 44.210577, 44.714583, 45.184707, 46.325951 ] }, { "date": "2025-08-15", "close": 45.773479, "volume": 31469382, "typical_volume": 29663613.8, "trend": 47.034958, "fair_value": 36.51338, "relative_strength": 0.613733, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.986186, "energy": 23.910238, "activity_lines": [ 44.620519, 44.913999, 45.142647, 46.262941 ] }, { "date": "2025-08-22", "close": 48.286339, "volume": 44934931, "typical_volume": 30293162.15, "trend": 47.346721, "fair_value": 36.607809, "relative_strength": 1.01035, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.954879, "energy": 5.345111, "activity_lines": [ 45.824721, 45.519057, 45.364587, 46.343676 ] }, { "date": "2025-08-29", "close": 48.020271, "volume": 40775069, "typical_volume": 30262873.2, "trend": 47.609343, "fair_value": 36.683598, "relative_strength": -4.039596, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.01115, "energy": 10.73768, "activity_lines": [ 46.734606, 45.981316, 45.578589, 46.387131 ] }, { "date": "2025-09-05", "close": 45.625664, "volume": 23812327, "typical_volume": 29936887.45, "trend": 47.582344, "fair_value": 36.757126, "relative_strength": -8.465354, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.422016, "energy": 14.63756, "activity_lines": [ 46.677452, 45.939569, 45.563714, 46.259151 ] }, { "date": "2025-09-12", "close": 46.138088, "volume": 21688580, "typical_volume": 29797611.0, "trend": 47.671805, "fair_value": 36.787189, "relative_strength": -10.244155, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.819222, "energy": 13.732259, "activity_lines": [ 46.640004, 46.035962, 45.597647, 46.165973 ] }, { "date": "2025-09-19", "close": 45.576393, "volume": 30659477, "typical_volume": 30293485.8, "trend": 47.375228, "fair_value": 36.805307, "relative_strength": -12.718101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.048213, "energy": 8.500256, "activity_lines": [ 46.242546, 46.02145, 45.578807, 46.030786 ] }, { "date": "2025-09-26", "close": 42.452564, "volume": 21566779, "typical_volume": 29905661.8, "trend": 46.994334, "fair_value": 36.814035, "relative_strength": -19.84488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.783884, "energy": 28.207538, "activity_lines": [ 44.81695, 45.430727, 45.286455, 45.713194 ] }, { "date": "2025-10-03", "close": 43.90115, "volume": 6415265, "typical_volume": 28958347.3, "trend": 46.533442, "fair_value": 36.842397, "relative_strength": -19.324936, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.319708, "energy": 36.932848, "activity_lines": [ 44.263135, 45.153371, 45.177337, 45.513634 ] }, { "date": "2025-10-10", "close": 42.718628, "volume": 9837415, "typical_volume": 27593447.75, "trend": 46.161741, "fair_value": 36.853322, "relative_strength": -20.780187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.991463, "energy": 48.965409, "activity_lines": [ 43.589754, 44.689858, 44.983488, 45.267517 ] }, { "date": "2025-10-17", "close": 38.481255, "volume": 14032954, "typical_volume": 27130285.45, "trend": 45.709203, "fair_value": 36.877576, "relative_strength": -25.084628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.443491, "energy": 72.842363, "activity_lines": [ 41.697717, 43.46756, 44.379791, 44.772002 ] }, { "date": "2025-10-24", "close": 39.368149, "volume": 8489094, "typical_volume": 26597193.95, "trend": 45.322926, "fair_value": 36.894958, "relative_strength": -26.995066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.621655, "energy": 72.987144, "activity_lines": [ 40.611768, 42.498608, 43.873231, 44.362902 ] }, { "date": "2025-10-31", "close": 40.698486, "volume": 11434002, "typical_volume": 25306532.4, "trend": 44.948192, "fair_value": 36.86831, "relative_strength": -25.287218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.049371, "energy": 70.180096, "activity_lines": [ 40.383146, 41.887996, 43.51045, 44.064551 ] }, { "date": "2025-11-07", "close": 41.762756, "volume": 20379328, "typical_volume": 23984192.25, "trend": 44.745337, "fair_value": 36.853066, "relative_strength": -23.695336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.57209, "energy": 63.628858, "activity_lines": [ 40.626221, 41.608849, 43.26043, 43.859039 ] }, { "date": "2025-11-14", "close": 40.373295, "volume": 10230486, "typical_volume": 20981437.35, "trend": 44.570215, "fair_value": 36.867362, "relative_strength": -25.10019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.675546, "energy": 43.944132, "activity_lines": [ 40.548701, 41.190846, 42.889907, 43.576971 ] }, { "date": "2025-11-21", "close": 38.205334, "volume": 14551316, "typical_volume": 20228051.85, "trend": 44.300743, "fair_value": 36.84641, "relative_strength": -25.292826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.217318, "energy": 45.581521, "activity_lines": [ 39.904883, 40.474165, 42.349701, 43.166334 ] }, { "date": "2025-11-28", "close": 41.102512, "volume": 20414522, "typical_volume": 20334998.85, "trend": 43.983645, "fair_value": 36.870452, "relative_strength": -22.24301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.446801, "energy": 35.850059, "activity_lines": [ 40.245185, 40.428476, 42.120892, 42.959996 ] }, { "date": "2025-12-05", "close": 41.003971, "volume": 23816458, "typical_volume": 20637424.2, "trend": 43.618445, "fair_value": 36.876438, "relative_strength": -23.249407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.010813, "energy": 33.521368, "activity_lines": [ 40.437017, 40.446214, 41.901843, 42.767759 ] }, { "date": "2025-12-12", "close": 39.506107, "volume": 11761118, "typical_volume": 20200511.55, "trend": 43.276713, "fair_value": 36.891024, "relative_strength": -26.326924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.771717, "energy": 35.624683, "activity_lines": [ 40.109195, 40.217951, 41.560132, 42.502447 ] }, { "date": "2025-12-19", "close": 38.372856, "volume": 8355014, "typical_volume": 19639300.25, "trend": 43.175871, "fair_value": 36.905953, "relative_strength": -27.299743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.55996, "energy": 37.420546, "activity_lines": [ 39.554065, 39.863553, 41.138975, 42.186069 ] }, { "date": "2025-12-26", "close": 38.451694, "volume": 12625764, "typical_volume": 19362464.05, "trend": 43.086196, "fair_value": 36.921305, "relative_strength": -29.14213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.568109, "energy": 46.284922, "activity_lines": [ 39.158578, 39.602502, 40.749071, 41.881284 ] }, { "date": "2026-01-02", "close": 40.826591, "volume": 14042218, "typical_volume": 18491105.85, "trend": 43.015245, "fair_value": 36.94456, "relative_strength": -23.943417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.826106, "energy": 35.258328, "activity_lines": [ 39.538299, 39.773788, 40.609609, 41.735503 ] }, { "date": "2026-01-09", "close": 42.925571, "volume": 27478227, "typical_volume": 17618270.65, "trend": 43.009661, "fair_value": 36.982211, "relative_strength": -23.190946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.785246, "energy": 16.058626, "activity_lines": [ 40.636075, 40.30019, 40.693605, 41.729717 ] }, { "date": "2026-01-16", "close": 44.275616, "volume": 45423973, "typical_volume": 17850715.85, "trend": 43.010646, "fair_value": 37.00827, "relative_strength": -21.452965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.007875, "energy": 10.976312, "activity_lines": [ 42.055759, 41.031563, 40.931705, 41.811392 ] }, { "date": "2026-01-23", "close": 44.147511, "volume": 22447121, "typical_volume": 17782455.55, "trend": 42.878926, "fair_value": 37.035634, "relative_strength": -22.265684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 20.672328, "energy": 26.603378, "activity_lines": [ 43.114774, 41.693955, 41.175436, 41.884738 ] }, { "date": "2026-01-30", "close": 40.885719, "volume": 18062584, "typical_volume": 17601155.75, "trend": 42.719942, "fair_value": 37.031005, "relative_strength": -26.437891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.549114, "energy": 19.191976, "activity_lines": [ 42.701548, 41.694671, 41.11556, 41.756144 ] }, { "date": "2026-02-06", "close": 39.417419, "volume": 10488815, "typical_volume": 16592622.65, "trend": 42.529753, "fair_value": 37.023181, "relative_strength": -26.99561, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.752784, "energy": 15.210165, "activity_lines": [ 41.63662, 41.37969, 40.940856, 41.543078 ] }, { "date": "2026-02-13", "close": 39.772179, "volume": 10214783, "typical_volume": 16025022.85, "trend": 42.348762, "fair_value": 37.002293, "relative_strength": -26.906893, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.418223, "energy": 18.839946, "activity_lines": [ 40.783891, 41.159849, 40.829267, 41.36517 ] }, { "date": "2026-02-27", "close": 41.003971, "volume": 11787228, "typical_volume": 16293621.0, "trend": 42.199304, "fair_value": 37.001695, "relative_strength": -25.910716, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.285558, "energy": 24.093503, "activity_lines": [ 40.551985, 41.186366, 40.847756, 41.278409 ] }, { "date": "2026-03-06", "close": 38.264462, "volume": 14092229, "typical_volume": 16506361.7, "trend": 42.029481, "fair_value": 36.982267, "relative_strength": -28.430506, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.624694, "energy": 36.492322, "activity_lines": [ 39.625019, 40.687557, 40.619135, 41.024549 ] }, { "date": "2026-03-13", "close": 35.889557, "volume": 12929196, "typical_volume": 16451173.8, "trend": 41.774253, "fair_value": 36.951297, "relative_strength": -32.412535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.693642, "energy": 67.722294, "activity_lines": [ 38.298622, 39.758918, 40.185543, 40.628424 ] }, { "date": "2026-03-20", "close": 33.327427, "volume": 14117656, "typical_volume": 16732601.9, "trend": 41.359385, "fair_value": 36.918627, "relative_strength": -34.513166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.412911, "energy": 81.200615, "activity_lines": [ 36.451258, 38.411021, 39.52028, 40.083468 ] }, { "date": "2026-03-27", "close": 32.706604, "volume": 10663852, "typical_volume": 16694094.4, "trend": 40.84006, "fair_value": 36.889954, "relative_strength": -34.381297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.129313, "energy": 87.282488, "activity_lines": [ 34.802953, 37.086596, 38.824657, 39.525224 ] }, { "date": "2026-04-03", "close": 32.213886, "volume": 7295772, "typical_volume": 16039916.6, "trend": 40.313181, "fair_value": 36.862539, "relative_strength": -32.541148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.094595, "energy": 88.930185, "activity_lines": [ 33.461447, 35.858385, 38.120164, 38.968697 ] }, { "date": "2026-04-10", "close": 34.391701, "volume": 8580796, "typical_volume": 15957432.1, "trend": 39.938715, "fair_value": 36.853011, "relative_strength": -31.839343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.04447, "energy": 83.298441, "activity_lines": [ 33.431885, 35.245444, 37.668553, 38.586666 ] }, { "date": "2026-04-17", "close": 34.352283, "volume": 10056196, "typical_volume": 15732676.1, "trend": 39.545855, "fair_value": 36.84593, "relative_strength": -33.625896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.573351, "energy": 73.327229, "activity_lines": [ 33.647367, 34.802715, 37.241672, 38.226251 ] }, { "date": "2026-04-24", "close": 35.623493, "volume": 12323271, "typical_volume": 15328113.55, "trend": 39.214092, "fair_value": 36.840004, "relative_strength": -30.546639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.094625, "energy": 52.041632, "activity_lines": [ 34.389072, 34.709905, 36.954207, 37.973195 ] }, { "date": "2026-05-01", "close": 35.022377, "volume": 9580418, "typical_volume": 14616311.55, "trend": 38.966419, "fair_value": 36.82687, "relative_strength": -31.573985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.398831, "energy": 37.345102, "activity_lines": [ 34.777333, 34.576782, 36.635582, 37.702762 ] }, { "date": "2026-05-08", "close": 36.283733, "volume": 7722732, "typical_volume": 14414392.25, "trend": 38.712505, "fair_value": 36.829552, "relative_strength": -30.083841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.194882, "energy": 28.794318, "activity_lines": [ 35.431661, 34.759356, 36.465571, 37.529686 ] }, { "date": "2026-05-15", "close": 37.190338, "volume": 18693940, "typical_volume": 14931338.55, "trend": 38.528228, "fair_value": 36.798045, "relative_strength": -27.174432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.8976, "energy": 25.260383, "activity_lines": [ 36.116868, 35.192589, 36.397248, 37.431481 ] }, { "date": "2026-05-22", "close": 34.460682, "volume": 15428515, "typical_volume": 15071476.1, "trend": 38.394209, "fair_value": 36.746954, "relative_strength": -31.601418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.499099, "energy": 23.17849, "activity_lines": [ 35.705614, 35.149052, 36.074588, 37.169059 ] }, { "date": "2026-05-29", "close": 32.68, "volume": 11771977, "typical_volume": 14957964.05, "trend": 38.171271, "fair_value": 36.678599, "relative_strength": -34.265638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.629596, "energy": 37.577831, "activity_lines": [ 34.693572, 34.807733, 35.601345, 36.8004 ] }, { "date": "2026-06-05", "close": 30.59, "volume": 2550725, "typical_volume": 13711588.95, "trend": 37.834322, "fair_value": 36.585108, "relative_strength": -36.621333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.23764, "energy": 56.391578, "activity_lines": [ 33.181097, 34.098186, 34.967847, 36.311286 ] }, { "date": "2026-06-12", "close": 29.73, "volume": 1841157, "typical_volume": 11532448.15, "trend": 37.43323, "fair_value": 36.489129, "relative_strength": -36.086912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.718389, "energy": 85.879931, "activity_lines": [ 31.677447, 33.270759, 34.311185, 35.788426 ] }, { "date": "2026-06-19", "close": 29.59, "volume": 8322920, "typical_volume": 10826238.1, "trend": 37.073786, "fair_value": 36.400341, "relative_strength": -39.723848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.72985, "energy": 89.933803, "activity_lines": [ 30.564045, 32.463038, 33.710455, 35.282412 ] }, { "date": "2026-06-26", "close": 26.690001, "volume": 2322674, "typical_volume": 10039242.6, "trend": 36.689942, "fair_value": 36.301299, "relative_strength": -43.811545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.752773, "energy": 95.383908, "activity_lines": [ 28.990667, 31.215349, 32.902856, 34.61249 ] }, { "date": "2026-07-03", "close": 28.959999, "volume": 2145606, "typical_volume": 9622082.15, "trend": 36.285192, "fair_value": 36.219463, "relative_strength": -37.196028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.472753, "energy": 86.594676, "activity_lines": [ 28.692, 30.519702, 32.379046, 34.113784 ] }, { "date": "2026-07-10", "close": 28.559999, "volume": 11375899, "typical_volume": 9680137.95, "trend": 35.870393, "fair_value": 36.143521, "relative_strength": -34.757831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.952316, "energy": 82.334747, "activity_lines": [ 28.508, 29.872481, 31.866938, 33.615384 ] }, { "date": "2026-07-17", "close": 28.98, "volume": 17699224, "typical_volume": 9975737.75, "trend": 35.519522, "fair_value": 36.075953, "relative_strength": -26.302309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.812871, "energy": 62.420699, "activity_lines": [ 28.599333, 29.419122, 31.448221, 33.170843 ] }, { "date": "2026-07-24", "close": 27.030001, "volume": 13585587, "typical_volume": 9950405.65, "trend": 35.141427, "fair_value": 36.002862, "relative_strength": -30.585499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.051007, "energy": 63.68387, "activity_lines": [ 28.090667, 28.744012, 30.901047, 32.623132 ] }, { "date": "2026-07-31", "close": 29.969999, "volume": 12755717, "typical_volume": 9941731.7, "trend": 34.858704, "fair_value": 35.954791, "relative_strength": -20.92218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.405982, "energy": 48.523905, "activity_lines": [ 28.732666, 28.788182, 30.687371, 32.289491 ] }, { "date": "2026-08-07", "close": 29.530001, "volume": 10536776, "typical_volume": 9762687.7, "trend": 34.482151, "fair_value": 35.898467, "relative_strength": -25.098011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.34914, "energy": 38.197246, "activity_lines": [ 29.009334, 28.834, 30.459978, 31.945704 ] } ], "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." } } }