{ "ticker": { "uuid": "f7dd3b59-5680-4a4c-9099-7b4bd683ea48", "symbol": "603896", "name": "Zhejiang Shouxiangu Pharmaceutical 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": 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": -46.591, "architecture_energy": 36.941, "architecture_maturity": 100.0, "architecture_confidence": 92.192, "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": 20.48, "rotation_up": 27.61, "upward_expansion": 18.49, "deceleration": 47.0, "rotation_down": 37.43, "downward_expansion": 68.49 }, "activity_lines": [ 14.616, 14.488182, 15.186667, 16.191226 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 14.71, "trend_reference": 17.610333, "distance_from_trend": -0.164695, "trend_direction": "Weakening", "fair_value": 23.481556, "distance_from_fair_value": -0.373551, "fair_value_direction": "Weakening", "relative_strength": -21.856769, "relative_strength_direction": "Improving", "price_momentum": -0.281738, "excess_performance": -0.238534, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.164695, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.092594, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.373551, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.04907, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.218568, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.014033, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.281738, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.539167, "read": "Supply-led" } ], "volume": { "latest": 8574375, "relative_activity": 1.0677, "balance": 0.539167, "dry_up": 1.758708, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.079067, "annualized_volatility": 0.377582, "from_high_reference": -0.361545, "from_low_reference": 0.131538 }, "levels": { "trend_reference": 17.610333, "fair_value_reference": 23.481556, "structural_low": 13.0, "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": 31, "median_return": -0.009009, "positive_rate": 0.451613, "directional_follow_through": 0.516129, "median_excess_return": -0.023496, "regime_survival": 0.806452, "best_return": 0.171941, "worst_return": -0.165558, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.009717, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.054595, "regime_survival": 0.6, "best_return": 0.13672, "worst_return": -0.314889, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.101137, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.178395, "regime_survival": 0.666667, "best_return": 0.482459, "worst_return": -0.38241, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.142134, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.289253, "regime_survival": 0.666667, "best_return": 0.260422, "worst_return": -0.536207, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-06-21", "tenure": "New", "return": -0.043837, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-10-18", "tenure": "Established", "return": -0.05326, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2025-01-10", "tenure": "Developing", "return": -0.132743, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-05-16", "tenure": "Established", "return": 0.060969, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.096714, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": -0.046168, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.031338, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-12", "tenure": "Developing", "return": -0.039444, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": -0.034221, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-11-14", "tenure": "Developing", "return": 0.034753, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-01-23", "tenure": "Developing", "return": 0.116116, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": 0.009766, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-27", "tenure": "Developing", "return": -0.089632, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.20914, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 40.358597, "volume": 9587857, "typical_volume": 15680835.3, "trend": 43.77037, "fair_value": 34.506245, "relative_strength": -1.173015, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.884132, "energy": 73.613453, "activity_lines": [ 39.106117, 40.488559, 42.019611, 43.183025 ] }, { "date": "2023-08-04", "close": 40.358597, "volume": 9332054, "typical_volume": 15057250.15, "trend": 43.843323, "fair_value": 34.602914, "relative_strength": -1.655443, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.012426, "energy": 62.186805, "activity_lines": [ 39.427594, 40.280684, 41.701738, 42.962911 ] }, { "date": "2023-08-11", "close": 39.026276, "volume": 7059104, "typical_volume": 14472582.1, "trend": 43.803855, "fair_value": 34.686946, "relative_strength": -2.162912, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.27854, "energy": 46.639126, "activity_lines": [ 39.456768, 39.88072, 41.306593, 42.652134 ] }, { "date": "2023-08-18", "close": 38.014881, "volume": 5195556, "typical_volume": 13326414.2, "trend": 43.719765, "fair_value": 34.742843, "relative_strength": -3.168792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.080024, "energy": 44.554639, "activity_lines": [ 39.074253, 39.37509, 40.854769, 42.278651 ] }, { "date": "2023-08-25", "close": 40.358597, "volume": 12794342, "typical_volume": 13038112.85, "trend": 43.676585, "fair_value": 34.812087, "relative_strength": 4.621866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.962391, "energy": 32.400453, "activity_lines": [ 39.467142, 39.406902, 40.676299, 42.061802 ] }, { "date": "2023-09-01", "close": 40.455849, "volume": 16029775, "typical_volume": 13031793.3, "trend": 43.531421, "fair_value": 34.888054, "relative_strength": 2.081246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.221046, "energy": 28.111788, "activity_lines": [ 39.744628, 39.524222, 40.54635, 41.854012 ] }, { "date": "2023-09-08", "close": 38.899857, "volume": 6120036, "typical_volume": 12711822.65, "trend": 43.326371, "fair_value": 34.948134, "relative_strength": -1.642265, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -46.426837, "energy": 29.246657, "activity_lines": [ 39.496967, 39.41174, 40.296693, 41.555202 ] }, { "date": "2023-09-15", "close": 41.506142, "volume": 7752301, "typical_volume": 12090499.6, "trend": 43.220067, "fair_value": 35.023849, "relative_strength": 4.541675, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -33.971185, "energy": 17.492568, "activity_lines": [ 40.215317, 39.841053, 40.325693, 41.437768 ] }, { "date": "2023-09-22", "close": 40.815674, "volume": 5676027, "typical_volume": 11967353.9, "trend": 43.075668, "fair_value": 35.103893, "relative_strength": 1.946425, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -30.68839, "energy": 16.232796, "activity_lines": [ 40.538187, 40.079404, 40.302883, 41.282646 ] }, { "date": "2023-09-29", "close": 42.264687, "volume": 4711686, "typical_volume": 11074487.2, "trend": 42.898406, "fair_value": 35.191781, "relative_strength": 5.84856, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -5.25103, "energy": 9.163392, "activity_lines": [ 41.157341, 40.528696, 40.427199, 41.230324 ] }, { "date": "2023-10-13", "close": 38.666451, "volume": 8931425, "typical_volume": 10860469.95, "trend": 42.476407, "fair_value": 35.251435, "relative_strength": -2.794357, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.31906, "energy": 16.623495, "activity_lines": [ 40.450011, 40.248794, 40.210593, 40.957295 ] }, { "date": "2023-10-20", "close": 35.11684, "volume": 9891712, "typical_volume": 10622298.65, "trend": 41.954374, "fair_value": 35.295879, "relative_strength": -8.75034, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.456556, "energy": 43.63443, "activity_lines": [ 38.67877, 39.354273, 39.672263, 40.482484 ] }, { "date": "2023-10-27", "close": 35.739239, "volume": 7971059, "typical_volume": 10132760.9, "trend": 41.567296, "fair_value": 35.333137, "relative_strength": -8.321567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.520722, "energy": 63.215164, "activity_lines": [ 37.367197, 38.668221, 39.231304, 40.081508 ] }, { "date": "2023-11-03", "close": 36.381088, "volume": 8243933, "typical_volume": 9530243.25, "trend": 41.161832, "fair_value": 35.376931, "relative_strength": -7.16742, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.76012, "energy": 69.92255, "activity_lines": [ 36.654034, 38.158633, 38.887614, 39.746914 ] }, { "date": "2023-11-10", "close": 35.719791, "volume": 9467440, "typical_volume": 9246373.15, "trend": 40.732401, "fair_value": 35.420164, "relative_strength": -9.160635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.497597, "energy": 73.118197, "activity_lines": [ 36.016077, 37.558515, 38.517877, 39.395814 ] }, { "date": "2023-11-17", "close": 36.964584, "volume": 7346472, "typical_volume": 9241531.55, "trend": 40.416645, "fair_value": 35.475521, "relative_strength": -6.545759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.84841, "energy": 61.521226, "activity_lines": [ 36.229378, 37.269064, 38.306544, 39.152729 ] }, { "date": "2023-11-24", "close": 36.536686, "volume": 7627608, "typical_volume": 8926159.9, "trend": 40.124802, "fair_value": 35.500663, "relative_strength": -7.267006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.297748, "energy": 41.029701, "activity_lines": [ 36.413504, 36.965292, 38.084993, 38.902409 ] }, { "date": "2023-12-01", "close": 35.739239, "volume": 7003185, "typical_volume": 8405222.1, "trend": 39.834929, "fair_value": 35.51166, "relative_strength": -8.959496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.575269, "energy": 42.671156, "activity_lines": [ 36.237157, 36.559496, 37.816538, 38.61947 ] }, { "date": "2023-12-08", "close": 32.636978, "volume": 11200913, "typical_volume": 8448854.95, "trend": 39.498431, "fair_value": 35.506635, "relative_strength": -15.059514, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.271366, "energy": 60.973392, "activity_lines": [ 35.026724, 35.694505, 37.262956, 38.155086 ] }, { "date": "2023-12-15", "close": 31.557508, "volume": 8447200, "typical_volume": 8519484.25, "trend": 39.129159, "fair_value": 35.489335, "relative_strength": -17.030248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.755456, "energy": 83.426649, "activity_lines": [ 33.706075, 34.78195, 36.63176, 37.642768 ] }, { "date": "2023-12-22", "close": 30.487759, "volume": 8087186, "typical_volume": 8444450.7, "trend": 38.742194, "fair_value": 35.470068, "relative_strength": -18.898199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.917638, "energy": 92.072528, "activity_lines": [ 32.306328, 33.869572, 35.930034, 37.085258 ] }, { "date": "2023-12-29", "close": 31.353283, "volume": 7670059, "typical_volume": 8361350.95, "trend": 38.350074, "fair_value": 35.447315, "relative_strength": -18.103952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.57754, "energy": 88.038691, "activity_lines": [ 31.626878, 33.263265, 35.357744, 36.608555 ] }, { "date": "2024-01-05", "close": 30.020962, "volume": 5303924, "typical_volume": 8273591.95, "trend": 37.906485, "fair_value": 35.425242, "relative_strength": -20.201085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.036687, "energy": 90.360972, "activity_lines": [ 30.848881, 32.483146, 34.701448, 36.071192 ] }, { "date": "2024-01-12", "close": 30.205736, "volume": 7740363, "typical_volume": 8400832.3, "trend": 37.442108, "fair_value": 35.409894, "relative_strength": -18.165169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.680493, "energy": 87.358094, "activity_lines": [ 30.513694, 31.840591, 34.105631, 35.57437 ] }, { "date": "2024-01-19", "close": 28.688641, "volume": 5715377, "typical_volume": 8046884.05, "trend": 36.928764, "fair_value": 35.43143, "relative_strength": -20.600936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.74324, "energy": 88.376514, "activity_lines": [ 29.834891, 31.03448, 33.402517, 35.00963 ] }, { "date": "2024-01-26", "close": 27.813395, "volume": 8834752, "typical_volume": 7687132.9, "trend": 36.409986, "fair_value": 35.446145, "relative_strength": -24.729847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.431302, "energy": 88.305832, "activity_lines": [ 29.055597, 30.197072, 32.671616, 34.421542 ] }, { "date": "2024-02-02", "close": 24.925079, "volume": 10220575, "typical_volume": 7892159.85, "trend": 35.819633, "fair_value": 35.43592, "relative_strength": -27.699993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.952156, "energy": 91.818927, "activity_lines": [ 27.491822, 29.000901, 31.72584, 33.68058 ] }, { "date": "2024-02-09", "close": 27.511921, "volume": 14699283, "typical_volume": 8239508.95, "trend": 35.4731, "fair_value": 35.446654, "relative_strength": -23.495089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.216713, "energy": 66.141343, "activity_lines": [ 27.218875, 28.486185, 31.092977, 33.144599 ] }, { "date": "2024-02-23", "close": 27.53137, "volume": 12000067, "typical_volume": 8555710.95, "trend": 35.126567, "fair_value": 35.4482, "relative_strength": -26.457317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.468432, "energy": 64.856355, "activity_lines": [ 27.11968, 28.124593, 30.528604, 32.632229 ] }, { "date": "2024-03-01", "close": 27.152098, "volume": 13853986, "typical_volume": 9012825.95, "trend": 34.76026, "fair_value": 35.450993, "relative_strength": -27.452934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.134653, "energy": 60.29476, "activity_lines": [ 27.072352, 27.786872, 29.99137, 32.117747 ] }, { "date": "2024-03-08", "close": 26.344925, "volume": 11423578, "typical_volume": 9137433.6, "trend": 34.293138, "fair_value": 35.440231, "relative_strength": -29.481638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.060696, "energy": 56.293029, "activity_lines": [ 26.858403, 27.38249, 29.449226, 31.574822 ] }, { "date": "2024-03-15", "close": 26.93815, "volume": 15293970, "typical_volume": 9407546.5, "trend": 33.84579, "fair_value": 35.434529, "relative_strength": -27.474288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.479352, "energy": 52.189264, "activity_lines": [ 26.940094, 27.161292, 29.022254, 31.100307 ] }, { "date": "2024-03-22", "close": 24.983431, "volume": 12474247, "typical_volume": 9632705.9, "trend": 33.377695, "fair_value": 35.416622, "relative_strength": -31.760985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.738041, "energy": 57.712874, "activity_lines": [ 26.236006, 26.664965, 28.448065, 30.528542 ] }, { "date": "2024-03-29", "close": 24.312407, "volume": 13695792, "typical_volume": 9905298.85, "trend": 32.920946, "fair_value": 35.402935, "relative_strength": -32.621106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.366595, "energy": 60.830047, "activity_lines": [ 25.47681, 26.138226, 27.861186, 29.943685 ] }, { "date": "2024-04-05", "close": 24.798656, "volume": 8678304, "typical_volume": 9865842.05, "trend": 32.402281, "fair_value": 35.397533, "relative_strength": -31.187305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.780164, "energy": 58.991062, "activity_lines": [ 25.094295, 25.807046, 27.378087, 29.419666 ] }, { "date": "2024-04-12", "close": 24.049835, "volume": 11297887, "typical_volume": 10063412.8, "trend": 31.855414, "fair_value": 35.39385, "relative_strength": -31.392322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.612624, "energy": 66.968092, "activity_lines": [ 24.619069, 25.410445, 26.875677, 28.880798 ] }, { "date": "2024-04-19", "close": 23.417711, "volume": 11139166, "typical_volume": 10238990.7, "trend": 31.339342, "fair_value": 35.379503, "relative_strength": -33.425268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.749042, "energy": 68.913177, "activity_lines": [ 24.086141, 24.96734, 26.374563, 28.336431 ] }, { "date": "2024-04-26", "close": 25.712803, "volume": 19241907, "typical_volume": 10850926.8, "trend": 30.812898, "fair_value": 35.377401, "relative_strength": -26.768172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.532255, "energy": 51.33337, "activity_lines": [ 24.552939, 24.968932, 26.154501, 27.973428 ] }, { "date": "2024-05-03", "close": 26.743649, "volume": 8552513, "typical_volume": 10718506.8, "trend": 30.34383, "fair_value": 35.382139, "relative_strength": -23.569216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.200281, "energy": 38.209461, "activity_lines": [ 25.314728, 25.190661, 26.08036, 27.710896 ] }, { "date": "2024-05-10", "close": 26.588049, "volume": 14819987, "typical_volume": 11037146.15, "trend": 29.821275, "fair_value": 35.383784, "relative_strength": -24.575481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.781437, "energy": 28.091619, "activity_lines": [ 25.862567, 25.398421, 26.019463, 27.468587 ] }, { "date": "2024-05-17", "close": 27.229897, "volume": 18455203, "typical_volume": 11555547.0, "trend": 29.440057, "fair_value": 35.389358, "relative_strength": -22.181923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.555968, "energy": 27.89432, "activity_lines": [ 26.505063, 25.733137, 26.043359, 27.301402 ] }, { "date": "2024-05-24", "close": 26.276852, "volume": 13872804, "typical_volume": 11865684.25, "trend": 29.145391, "fair_value": 35.380767, "relative_strength": -22.715759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.436741, "energy": 24.574881, "activity_lines": [ 26.617873, 25.878481, 25.992002, 27.097324 ] }, { "date": "2024-05-31", "close": 26.247677, "volume": 8589468, "typical_volume": 12029961.45, "trend": 28.829005, "fair_value": 35.376505, "relative_strength": -22.162987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.201154, "energy": 16.653275, "activity_lines": [ 26.530349, 26.030544, 25.96204, 26.910375 ] }, { "date": "2024-06-07", "close": 25.10013, "volume": 15009991, "typical_volume": 12393442.85, "trend": 28.452973, "fair_value": 35.363724, "relative_strength": -24.004134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.603782, "energy": 17.558602, "activity_lines": [ 26.02465, 25.950976, 25.840756, 26.669802 ] }, { "date": "2024-06-14", "close": 25.537754, "volume": 10144298, "typical_volume": 12614888.9, "trend": 28.113572, "fair_value": 35.350488, "relative_strength": -21.507433, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.304043, "energy": 25.855318, "activity_lines": [ 25.774395, 25.936654, 25.785462, 26.481723 ] }, { "date": "2024-06-21", "close": 23.999811, "volume": 15532635, "typical_volume": 12949783.05, "trend": 27.681413, "fair_value": 35.332981, "relative_strength": -24.621798, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.082705, "energy": 41.041931, "activity_lines": [ 25.081511, 25.629268, 25.598703, 26.216319 ] }, { "date": "2024-06-28", "close": 23.189606, "volume": 13643993, "typical_volume": 13120953.95, "trend": 27.23651, "fair_value": 35.304879, "relative_strength": -25.650821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.727319, "energy": 67.635492, "activity_lines": [ 24.333898, 25.175481, 25.35294, 25.926525 ] }, { "date": "2024-07-05", "close": 22.181793, "volume": 6884153, "typical_volume": 12730197.45, "trend": 26.784596, "fair_value": 35.268455, "relative_strength": -27.660813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.032695, "energy": 78.457589, "activity_lines": [ 23.456164, 24.542603, 25.01946, 25.600415 ] }, { "date": "2024-07-12", "close": 22.636295, "volume": 9636843, "typical_volume": 12612036.25, "trend": 26.451239, "fair_value": 35.239879, "relative_strength": -25.928662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.027565, "energy": 77.759671, "activity_lines": [ 23.000989, 24.056562, 24.754647, 25.332782 ] }, { "date": "2024-07-19", "close": 23.110561, "volume": 8633780, "typical_volume": 12351025.95, "trend": 26.169675, "fair_value": 35.219419, "relative_strength": -24.07262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.196638, "energy": 72.457901, "activity_lines": [ 22.868159, 23.73143, 24.558312, 25.117255 ] }, { "date": "2024-07-26", "close": 21.835974, "volume": 7300555, "typical_volume": 12144874.8, "trend": 25.881282, "fair_value": 35.190323, "relative_strength": -25.406856, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.665593, "energy": 76.26177, "activity_lines": [ 22.472279, 23.237782, 24.259834, 24.837661 ] }, { "date": "2024-08-02", "close": 22.458447, "volume": 9032952, "typical_volume": 11831823.9, "trend": 25.584787, "fair_value": 35.140947, "relative_strength": -23.031709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.974387, "energy": 53.985067, "activity_lines": [ 22.428146, 22.955382, 24.042109, 24.616833 ] }, { "date": "2024-08-09", "close": 22.616535, "volume": 10447284, "typical_volume": 11730475.75, "trend": 25.337973, "fair_value": 35.104744, "relative_strength": -20.6503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.006106, "energy": 46.415744, "activity_lines": [ 22.485453, 22.771151, 23.860773, 24.425333 ] }, { "date": "2024-08-16", "close": 22.102749, "volume": 7043355, "typical_volume": 11397853.9, "trend": 25.067873, "fair_value": 35.057735, "relative_strength": -22.226495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.054081, "energy": 48.197387, "activity_lines": [ 22.342516, 22.559526, 23.641775, 24.216609 ] }, { "date": "2024-08-23", "close": 20.857801, "volume": 6368645, "typical_volume": 11282370.95, "trend": 24.806845, "fair_value": 34.999413, "relative_strength": -25.244705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.345, "energy": 54.168274, "activity_lines": [ 21.820165, 22.176043, 23.314734, 23.944991 ] }, { "date": "2024-08-30", "close": 20.650309, "volume": 9731556, "typical_volume": 11204054.4, "trend": 24.568076, "fair_value": 34.928069, "relative_strength": -24.952528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.213164, "energy": 61.715567, "activity_lines": [ 21.378834, 21.839926, 22.986697, 23.676828 ] }, { "date": "2024-09-06", "close": 19.662256, "volume": 7600038, "typical_volume": 11027098.0, "trend": 24.392648, "fair_value": 34.849548, "relative_strength": -25.674211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.773051, "energy": 81.99869, "activity_lines": [ 20.687197, 21.385062, 22.580748, 23.360323 ] }, { "date": "2024-09-13", "close": 18.763128, "volume": 6671704, "typical_volume": 10398587.85, "trend": 24.101022, "fair_value": 34.776389, "relative_strength": -26.572415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.351669, "energy": 89.489344, "activity_lines": [ 19.882263, 20.830854, 22.107051, 22.997128 ] }, { "date": "2024-09-20", "close": 18.733486, "volume": 4528413, "typical_volume": 10197382.85, "trend": 23.807759, "fair_value": 34.704355, "relative_strength": -26.724563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.928789, "energy": 90.280676, "activity_lines": [ 19.324342, 20.333414, 21.663624, 22.650836 ] }, { "date": "2024-09-27", "close": 22.152151, "volume": 13278866, "typical_volume": 10120326.8, "trend": 23.641094, "fair_value": 34.659823, "relative_strength": -22.211965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.632379, "energy": 60.292825, "activity_lines": [ 20.130594, 20.52851, 21.583929, 22.544022 ] }, { "date": "2024-10-04", "close": 24.365389, "volume": 7076118, "typical_volume": 9551372.55, "trend": 23.57511, "fair_value": 34.628258, "relative_strength": -19.86765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.491939, "energy": 19.715534, "activity_lines": [ 21.588301, 21.143438, 21.736141, 22.590751 ] }, { "date": "2024-10-11", "close": 21.994062, "volume": 23653727, "typical_volume": 10040418.7, "trend": 23.410307, "fair_value": 34.574167, "relative_strength": -23.912566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.700348, "energy": 23.314638, "activity_lines": [ 22.007895, 21.281226, 21.676153, 22.488748 ] }, { "date": "2024-10-18", "close": 21.954538, "volume": 13726976, "typical_volume": 10297294.1, "trend": 23.309344, "fair_value": 34.527101, "relative_strength": -24.129474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.397193, "energy": 26.860968, "activity_lines": [ 22.25886, 21.420272, 21.632795, 22.394827 ] }, { "date": "2024-10-25", "close": 22.33, "volume": 15820766, "typical_volume": 10337832.85, "trend": 23.243263, "fair_value": 34.481408, "relative_strength": -22.887303, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.412982, "energy": 23.913719, "activity_lines": [ 22.422218, 21.63962, 21.645639, 22.331644 ] }, { "date": "2024-11-01", "close": 20.946726, "volume": 19832147, "typical_volume": 10822225.3, "trend": 23.114866, "fair_value": 34.431637, "relative_strength": -26.171857, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.945208, "energy": 13.348027, "activity_lines": [ 21.884717, 21.603332, 21.539934, 22.18348 ] }, { "date": "2024-11-08", "close": 22.764744, "volume": 24355008, "typical_volume": 11263343.95, "trend": 23.072029, "fair_value": 34.392112, "relative_strength": -23.030705, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.78279, "energy": 6.321864, "activity_lines": [ 22.033584, 21.895975, 21.629235, 22.160892 ] }, { "date": "2024-11-15", "close": 21.648243, "volume": 17700589, "typical_volume": 11466173.75, "trend": 23.013047, "fair_value": 34.346368, "relative_strength": -23.228616, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.460359, "energy": 11.9471, "activity_lines": [ 21.916994, 21.947174, 21.618084, 22.069034 ] }, { "date": "2024-11-22", "close": 21.243141, "volume": 10332255, "typical_volume": 11638578.85, "trend": 22.864058, "fair_value": 34.296619, "relative_strength": -22.210713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.24592, "energy": 17.574057, "activity_lines": [ 21.688424, 21.88861, 21.575692, 21.954847 ] }, { "date": "2024-11-29", "close": 21.905136, "volume": 9637755, "typical_volume": 11638624.45, "trend": 22.702775, "fair_value": 34.240785, "relative_strength": -20.219009, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.813731, "energy": 11.544466, "activity_lines": [ 21.727946, 21.905316, 21.600817, 21.892981 ] }, { "date": "2024-12-06", "close": 22.527609, "volume": 16922060, "typical_volume": 12053038.45, "trend": 22.567427, "fair_value": 34.178142, "relative_strength": -18.845033, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.596243, "energy": 5.544082, "activity_lines": [ 22.003283, 21.977534, 21.688706, 21.88168 ] }, { "date": "2024-12-13", "close": 23.080921, "volume": 20356958, "typical_volume": 12705858.6, "trend": 22.429127, "fair_value": 34.122192, "relative_strength": -15.720788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.324826, "energy": 7.737313, "activity_lines": [ 22.357665, 22.143527, 21.832068, 21.914809 ] }, { "date": "2024-12-20", "close": 21.79645, "volume": 17400738, "typical_volume": 13124247.9, "trend": 22.279781, "fair_value": 34.058854, "relative_strength": -19.028147, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.877327, "energy": 10.918595, "activity_lines": [ 22.262812, 22.099334, 21.847171, 21.873991 ] }, { "date": "2024-12-27", "close": 21.895256, "volume": 14288877, "typical_volume": 13316327.55, "trend": 22.1347, "fair_value": 33.996524, "relative_strength": -18.64134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.431057, "energy": 11.017639, "activity_lines": [ 22.191013, 22.076699, 21.874836, 21.849183 ] }, { "date": "2025-01-03", "close": 19.869747, "volume": 11282127, "typical_volume": 13528266.15, "trend": 21.960354, "fair_value": 33.912853, "relative_strength": -20.993775, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.711614, "energy": 23.17497, "activity_lines": [ 21.400571, 21.686867, 21.713031, 21.703057 ] }, { "date": "2025-01-10", "close": 19.365841, "volume": 9582529, "typical_volume": 13688960.35, "trend": 21.754623, "fair_value": 33.800552, "relative_strength": -21.153698, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.912456, "energy": 58.174582, "activity_lines": [ 20.577852, 21.250147, 21.513868, 21.535669 ] }, { "date": "2025-01-17", "close": 19.770943, "volume": 7782043, "typical_volume": 13591484.7, "trend": 21.613661, "fair_value": 33.681786, "relative_strength": -20.459632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.241096, "energy": 66.083391, "activity_lines": [ 20.100952, 20.915826, 21.36039, 21.407689 ] }, { "date": "2025-01-24", "close": 19.731419, "volume": 6294618, "typical_volume": 13526213.7, "trend": 21.498388, "fair_value": 33.550043, "relative_strength": -20.067822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.022886, "energy": 70.066914, "activity_lines": [ 19.831543, 20.628752, 21.207336, 21.286254 ] }, { "date": "2025-01-31", "close": 19.780823, "volume": 1350400, "typical_volume": 13260148.5, "trend": 21.418356, "fair_value": 33.404532, "relative_strength": -19.106111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.332217, "energy": 69.44536, "activity_lines": [ 19.71627, 20.385511, 21.058658, 21.175444 ] }, { "date": "2025-02-07", "close": 20.13652, "volume": 5573360, "typical_volume": 13312395.85, "trend": 21.33503, "fair_value": 33.261301, "relative_strength": -18.340789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.859135, "energy": 59.995045, "activity_lines": [ 19.860525, 20.23353, 20.939009, 21.092745 ] }, { "date": "2025-02-14", "close": 20.176044, "volume": 13485659, "typical_volume": 13322735.5, "trend": 21.237213, "fair_value": 33.130061, "relative_strength": -18.483141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.584207, "energy": 42.150289, "activity_lines": [ 20.00017, 20.120892, 20.816443, 21.017971 ] }, { "date": "2025-02-21", "close": 20.185925, "volume": 12184795, "typical_volume": 13578169.35, "trend": 21.182211, "fair_value": 33.01574, "relative_strength": -18.549631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.73979, "energy": 30.851909, "activity_lines": [ 20.089095, 20.052807, 20.704229, 20.950146 ] }, { "date": "2025-02-28", "close": 19.869747, "volume": 12827086, "typical_volume": 13036837.3, "trend": 21.095921, "fair_value": 32.896809, "relative_strength": -17.776018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.422028, "energy": 29.938976, "activity_lines": [ 20.044962, 19.97987, 20.581804, 20.865471 ] }, { "date": "2025-03-07", "close": 20.08712, "volume": 11555214, "typical_volume": 12928249.2, "trend": 21.011607, "fair_value": 32.778849, "relative_strength": -17.562813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.815891, "energy": 27.855356, "activity_lines": [ 20.064065, 19.981487, 20.490198, 20.800387 ] }, { "date": "2025-03-14", "close": 20.986248, "volume": 16781594, "typical_volume": 12976290.6, "trend": 20.974391, "fair_value": 32.660127, "relative_strength": -14.44632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.322033, "energy": 17.06908, "activity_lines": [ 20.362457, 20.179457, 20.493115, 20.798751 ] }, { "date": "2025-03-21", "close": 20.640429, "volume": 13966188, "typical_volume": 12682992.65, "trend": 20.967145, "fair_value": 32.539047, "relative_strength": -14.012028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.652898, "energy": 17.625241, "activity_lines": [ 20.488928, 20.294251, 20.469496, 20.777205 ] }, { "date": "2025-03-28", "close": 20.037718, "volume": 14505099, "typical_volume": 12190497.2, "trend": 20.946725, "fair_value": 32.406357, "relative_strength": -15.72821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.73087, "energy": 21.034146, "activity_lines": [ 20.383536, 20.276287, 20.389934, 20.717242 ] }, { "date": "2025-04-04", "close": 20.393415, "volume": 10258439, "typical_volume": 11818389.7, "trend": 20.971097, "fair_value": 32.284445, "relative_strength": -13.530167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.021839, "energy": 19.280816, "activity_lines": [ 20.40659, 20.318144, 20.357234, 20.681545 ] }, { "date": "2025-04-11", "close": 19.158348, "volume": 16045153, "typical_volume": 12104034.6, "trend": 20.984271, "fair_value": 32.167809, "relative_strength": -15.692891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.784506, "energy": 39.505438, "activity_lines": [ 19.983044, 20.123408, 20.212884, 20.564593 ] }, { "date": "2025-04-18", "close": 19.257154, "volume": 8361740, "typical_volume": 12040233.85, "trend": 21.001727, "fair_value": 32.033965, "relative_strength": -15.847331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.510272, "energy": 60.40551, "activity_lines": [ 19.654351, 19.957954, 20.087872, 20.453166 ] }, { "date": "2025-04-25", "close": 19.089186, "volume": 9032216, "typical_volume": 11645741.65, "trend": 20.899628, "fair_value": 31.876837, "relative_strength": -16.463015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.138266, "energy": 68.73956, "activity_lines": [ 19.384943, 19.777948, 19.959472, 20.329776 ] }, { "date": "2025-05-02", "close": 19.237392, "volume": 5887577, "typical_volume": 10922272.6, "trend": 20.728695, "fair_value": 31.750379, "relative_strength": -14.753606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.670116, "energy": 68.420677, "activity_lines": [ 19.268352, 19.644651, 19.861561, 20.222535 ] }, { "date": "2025-05-09", "close": 20.423058, "volume": 12900024, "typical_volume": 10697236.9, "trend": 20.676328, "fair_value": 31.647249, "relative_strength": -10.625983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.429471, "energy": 33.303948, "activity_lines": [ 19.600338, 19.744175, 19.894872, 20.202817 ] }, { "date": "2025-05-16", "close": 20.976366, "volume": 16986157, "typical_volume": 10832100.9, "trend": 20.643722, "fair_value": 31.56701, "relative_strength": -8.278523, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.762934, "energy": 8.341732, "activity_lines": [ 20.114784, 19.93424, 19.98742, 20.222174 ] }, { "date": "2025-05-23", "close": 21.04553, "volume": 16304498, "typical_volume": 11083219.45, "trend": 20.600907, "fair_value": 31.474772, "relative_strength": -6.865545, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.671909, "energy": 16.337483, "activity_lines": [ 20.531084, 20.120713, 20.09093, 20.248097 ] }, { "date": "2025-05-30", "close": 23.080921, "volume": 31856288, "typical_volume": 12196907.4, "trend": 20.672046, "fair_value": 31.389008, "relative_strength": 2.639191, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.309048, "energy": 45.206133, "activity_lines": [ 21.506622, 20.676178, 20.382688, 20.408098 ] }, { "date": "2025-06-06", "close": 22.309999, "volume": 17618712, "typical_volume": 12688740.85, "trend": 20.656888, "fair_value": 31.301355, "relative_strength": -1.437289, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.021385, "energy": 64.8289, "activity_lines": [ 21.959071, 21.047104, 20.583334, 20.513773 ] }, { "date": "2025-06-13", "close": 22.190001, "volume": 16483642, "typical_volume": 13198192.05, "trend": 20.674947, "fair_value": 31.209974, "relative_strength": -1.198958, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.255184, "energy": 66.168977, "activity_lines": [ 22.166679, 21.354897, 20.760461, 20.612683 ] }, { "date": "2025-06-20", "close": 21.200001, "volume": 26187573, "typical_volume": 14440050.7, "trend": 20.673509, "fair_value": 31.111434, "relative_strength": -4.659163, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.026653, "energy": 56.379254, "activity_lines": [ 21.926492, 21.450025, 20.831595, 20.646557 ] }, { "date": "2025-06-27", "close": 21.32, "volume": 13414980, "typical_volume": 14832131.7, "trend": 20.654004, "fair_value": 31.016623, "relative_strength": -5.484554, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 56.116048, "energy": 37.470303, "activity_lines": [ 21.711395, 21.529851, 20.907399, 20.688267 ] }, { "date": "2025-07-04", "close": 21.280001, "volume": 11588085, "typical_volume": 14737253.0, "trend": 20.612417, "fair_value": 30.917485, "relative_strength": -6.58917, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 41.3089, "energy": 24.324494, "activity_lines": [ 21.464667, 21.564897, 20.973758, 20.728653 ] }, { "date": "2025-07-11", "close": 21.379999, "volume": 10454483, "typical_volume": 14650737.4, "trend": 20.55572, "fair_value": 30.809857, "relative_strength": -6.744877, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.507735, "energy": 20.544985, "activity_lines": [ 21.371333, 21.578292, 21.044384, 20.778175 ] }, { "date": "2025-07-18", "close": 21.889999, "volume": 15245844, "typical_volume": 14771675.3, "trend": 20.558838, "fair_value": 30.715801, "relative_strength": -4.740546, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.363102, "energy": 24.105806, "activity_lines": [ 21.51, 21.645458, 21.157895, 20.864257 ] }, { "date": "2025-07-25", "close": 22.049999, "volume": 14122110, "typical_volume": 14900020.1, "trend": 20.563996, "fair_value": 30.614072, "relative_strength": -5.226869, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.876337, "energy": 31.598284, "activity_lines": [ 21.721999, 21.715043, 21.277024, 20.960461 ] }, { "date": "2025-08-01", "close": 22.309999, "volume": 20986429, "typical_volume": 15110261.85, "trend": 20.645338, "fair_value": 30.503521, "relative_strength": -2.779014, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.647596, "energy": 42.149312, "activity_lines": [ 21.963999, 21.81238, 21.411568, 21.073107 ] }, { "date": "2025-08-08", "close": 22.379999, "volume": 24116686, "typical_volume": 15617786.75, "trend": 20.74581, "fair_value": 30.400205, "relative_strength": -3.990974, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.427372, "energy": 48.509974, "activity_lines": [ 22.163332, 21.899454, 21.546475, 21.18502 ] }, { "date": "2025-08-15", "close": 22.290001, "volume": 14405230, "typical_volume": 15612793.3, "trend": 20.829779, "fair_value": 30.301989, "relative_strength": -5.504965, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.860928, "energy": 50.075807, "activity_lines": [ 22.259333, 21.982909, 21.664527, 21.284645 ] }, { "date": "2025-08-22", "close": 22.65, "volume": 18500609, "typical_volume": 16024901.8, "trend": 20.927065, "fair_value": 30.220763, "relative_strength": -6.826761, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.129228, "energy": 54.901432, "activity_lines": [ 22.414667, 22.132182, 21.80614, 21.402079 ] }, { "date": "2025-08-29", "close": 21.450001, "volume": 20486684, "typical_volume": 16246978.35, "trend": 20.982704, "fair_value": 30.136904, "relative_strength": -12.044802, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.354665, "energy": 33.799287, "activity_lines": [ 22.119334, 22.054909, 21.822721, 21.435817 ] }, { "date": "2025-09-05", "close": 21.299999, "volume": 9735197, "typical_volume": 16315651.2, "trend": 21.021487, "fair_value": 30.056526, "relative_strength": -11.20835, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.430994, "energy": 17.754145, "activity_lines": [ 21.814, 21.945818, 21.814104, 21.456288 ] }, { "date": "2025-09-12", "close": 21.43, "volume": 8016524, "typical_volume": 16264866.6, "trend": 21.063285, "fair_value": 29.988147, "relative_strength": -11.628285, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.099126, "energy": 16.82903, "activity_lines": [ 21.619333, 21.860727, 21.80814, 21.482643 ] }, { "date": "2025-09-19", "close": 21.040001, "volume": 8858092, "typical_volume": 16413392.35, "trend": 21.091754, "fair_value": 29.908199, "relative_strength": -11.727024, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.03072, "energy": 17.649255, "activity_lines": [ 21.358, 21.702, 21.753886, 21.481141 ] }, { "date": "2025-09-26", "close": 20.32, "volume": 8891877, "typical_volume": 16212985.0, "trend": 21.106763, "fair_value": 29.814444, "relative_strength": -14.434039, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.97024, "energy": 43.730422, "activity_lines": [ 20.94, 21.418546, 21.622477, 21.43135 ] }, { "date": "2025-10-03", "close": 20.43, "volume": 2739859, "typical_volume": 15500670.1, "trend": 21.118192, "fair_value": 29.723738, "relative_strength": -14.642104, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.418444, "energy": 54.451729, "activity_lines": [ 20.714, 21.183636, 21.502035, 21.387688 ] }, { "date": "2025-10-10", "close": 20.67, "volume": 2768008, "typical_volume": 14823845.6, "trend": 21.107651, "fair_value": 29.642097, "relative_strength": -13.542175, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.6206, "energy": 52.855059, "activity_lines": [ 20.636, 21.021818, 21.407052, 21.358773 ] }, { "date": "2025-10-17", "close": 20.6, "volume": 8334228, "typical_volume": 13647742.6, "trend": 21.106303, "fair_value": 29.571545, "relative_strength": -12.173572, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.329319, "energy": 52.97565, "activity_lines": [ 20.576667, 20.877091, 21.30719, 21.326021 ] }, { "date": "2025-10-24", "close": 20.49, "volume": 5990305, "typical_volume": 13066322.25, "trend": 21.121379, "fair_value": 29.494734, "relative_strength": -14.662845, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.640227, "energy": 40.323624, "activity_lines": [ 20.536, 20.744727, 21.208667, 21.28626 ] }, { "date": "2025-10-31", "close": 20.24, "volume": 8635016, "typical_volume": 12673890.95, "trend": 21.116265, "fair_value": 29.408548, "relative_strength": -15.456058, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.825728, "energy": 38.116419, "activity_lines": [ 20.448667, 20.599636, 21.095, 21.229396 ] }, { "date": "2025-11-07", "close": 20.559999, "volume": 7478863, "typical_volume": 11738455.45, "trend": 21.162987, "fair_value": 29.319416, "relative_strength": -14.644715, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.6292, "energy": 31.246016, "activity_lines": [ 20.473333, 20.556545, 21.021095, 21.193508 ] }, { "date": "2025-11-14", "close": 21.139999, "volume": 11166700, "typical_volume": 11626041.45, "trend": 21.225748, "fair_value": 29.243626, "relative_strength": -11.742911, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -41.70954, "energy": 27.309565, "activity_lines": [ 20.682666, 20.635091, 21.005476, 21.192025 ] }, { "date": "2025-11-21", "close": 19.98, "volume": 9431093, "typical_volume": 11518191.85, "trend": 21.255442, "fair_value": 29.144359, "relative_strength": -12.840486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.94696, "energy": 38.942122, "activity_lines": [ 20.474, 20.505636, 20.880238, 21.111654 ] }, { "date": "2025-11-28", "close": 20.110001, "volume": 5374104, "typical_volume": 11264172.9, "trend": 21.284529, "fair_value": 29.042163, "relative_strength": -13.089713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.435058, "energy": 40.034744, "activity_lines": [ 20.35, 20.426182, 20.773571, 21.037755 ] }, { "date": "2025-12-05", "close": 19.93, "volume": 6112021, "typical_volume": 10807481.75, "trend": 21.268094, "fair_value": 28.928201, "relative_strength": -13.760078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.963262, "energy": 50.119833, "activity_lines": [ 20.191333, 20.330909, 20.655809, 20.950366 ] }, { "date": "2025-12-12", "close": 19.4, "volume": 5962994, "typical_volume": 10399525.95, "trend": 21.215548, "fair_value": 28.823859, "relative_strength": -15.262923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.325611, "energy": 75.286771, "activity_lines": [ 19.876667, 20.146364, 20.496905, 20.829844 ] }, { "date": "2025-12-19", "close": 19.799999, "volume": 5171126, "typical_volume": 9608760.8, "trend": 21.174031, "fair_value": 28.719861, "relative_strength": -13.148106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.03911, "energy": 70.240797, "activity_lines": [ 19.772666, 20.053273, 20.388714, 20.738518 ] }, { "date": "2025-12-26", "close": 19.5, "volume": 4020690, "typical_volume": 8603961.0, "trend": 21.054667, "fair_value": 28.599071, "relative_strength": -15.623507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.259176, "energy": 74.025539, "activity_lines": [ 19.658, 19.921454, 20.263905, 20.630516 ] }, { "date": "2026-01-02", "close": 19.379999, "volume": 3102229, "typical_volume": 8038810.95, "trend": 20.957, "fair_value": 28.479609, "relative_strength": -15.890008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.308736, "energy": 72.967295, "activity_lines": [ 19.535333, 19.787818, 20.141381, 20.522473 ] }, { "date": "2026-01-09", "close": 19.77, "volume": 6796948, "typical_volume": 7453627.9, "trend": 20.876333, "fair_value": 28.380354, "relative_strength": -16.992697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.360273, "energy": 48.309275, "activity_lines": [ 19.591333, 19.745272, 20.069857, 20.445892 ] }, { "date": "2026-01-16", "close": 21.66, "volume": 35467818, "typical_volume": 8202684.6, "trend": 20.891666, "fair_value": 28.274521, "relative_strength": -8.397438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.178032, "energy": 8.588577, "activity_lines": [ 20.288, 20.054909, 20.192047, 20.496451 ] }, { "date": "2026-01-23", "close": 22.299999, "volume": 19016367, "typical_volume": 8666743.1, "trend": 20.924333, "fair_value": 28.159711, "relative_strength": -6.260738, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 37.061282, "energy": 34.64698, "activity_lines": [ 21.047333, 20.460909, 20.37419, 20.587312 ] }, { "date": "2026-01-30", "close": 20.48, "volume": 23309360, "typical_volume": 9431384.9, "trend": 20.897666, "fair_value": 28.031137, "relative_strength": -13.207709, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 13.052585, "energy": 26.525418, "activity_lines": [ 21.033333, 20.514909, 20.378238, 20.558645 ] }, { "date": "2026-02-06", "close": 21.35, "volume": 17366649, "typical_volume": 9856812.75, "trend": 20.896666, "fair_value": 27.900983, "relative_strength": -8.095086, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.185074, "energy": 30.762594, "activity_lines": [ 21.244, 20.718, 20.469666, 20.587828 ] }, { "date": "2026-02-13", "close": 20.68, "volume": 11761205, "typical_volume": 10000279.15, "trend": 20.856333, "fair_value": 27.746299, "relative_strength": -11.050679, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.914542, "energy": 22.395671, "activity_lines": [ 21.1, 20.776727, 20.495809, 20.573849 ] }, { "date": "2026-02-27", "close": 20.639999, "volume": 6772470, "typical_volume": 10201909.7, "trend": 20.809333, "fair_value": 27.589815, "relative_strength": -12.646473, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.154297, "energy": 8.81085, "activity_lines": [ 20.882, 20.814545, 20.516428, 20.559892 ] }, { "date": "2026-03-06", "close": 20.92, "volume": 41140107, "typical_volume": 12120514.65, "trend": 20.763, "fair_value": 27.43741, "relative_strength": -10.354283, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.358824, "energy": 5.250052, "activity_lines": [ 20.825333, 20.880727, 20.562714, 20.567032 ] }, { "date": "2026-03-13", "close": 19.959999, "volume": 16296992, "typical_volume": 12518652.85, "trend": 20.682333, "fair_value": 27.275951, "relative_strength": -13.549689, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.767522, "energy": 9.654325, "activity_lines": [ 20.540666, 20.752, 20.516381, 20.515226 ] }, { "date": "2026-03-20", "close": 19.18, "volume": 9066667, "typical_volume": 12672470.95, "trend": 20.578667, "fair_value": 27.093883, "relative_strength": -13.642591, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.659033, "energy": 30.433297, "activity_lines": [ 20.030666, 20.473091, 20.398809, 20.418301 ] }, { "date": "2026-03-27", "close": 18.790001, "volume": 8883639, "typical_volume": 12684902.1, "trend": 20.45, "fair_value": 26.885316, "relative_strength": -14.069433, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.137679, "energy": 52.965371, "activity_lines": [ 19.535333, 20.126909, 20.250333, 20.302903 ] }, { "date": "2026-04-03", "close": 18.6, "volume": 7045692, "typical_volume": 12663243.55, "trend": 20.355, "fair_value": 26.679048, "relative_strength": -13.849655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.765544, "energy": 65.984836, "activity_lines": [ 19.102667, 19.764, 20.090666, 20.183548 ] }, { "date": "2026-04-10", "close": 18.73, "volume": 5705558, "typical_volume": 12390186.45, "trend": 20.269333, "fair_value": 26.495576, "relative_strength": -15.145619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.241534, "energy": 67.319466, "activity_lines": [ 18.849333, 19.480364, 19.952714, 20.07871 ] }, { "date": "2026-04-17", "close": 18.530001, "volume": 6165235, "typical_volume": 12226893.55, "trend": 20.172667, "fair_value": 26.303173, "relative_strength": -17.015745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.691539, "energy": 67.429386, "activity_lines": [ 18.675334, 19.225273, 19.80719, 19.966495 ] }, { "date": "2026-04-24", "close": 18.1, "volume": 6476376, "typical_volume": 12282007.15, "trend": 20.074667, "fair_value": 26.107642, "relative_strength": -19.10055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.272849, "energy": 72.365474, "activity_lines": [ 18.453334, 18.927455, 19.627619, 19.832774 ] }, { "date": "2026-05-01", "close": 17.48, "volume": 9361153, "typical_volume": 12444463.75, "trend": 19.98, "fair_value": 25.922019, "relative_strength": -22.063024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.512702, "energy": 76.22096, "activity_lines": [ 18.096667, 18.576, 19.398571, 19.665376 ] }, { "date": "2026-05-08", "close": 17.389999, "volume": 5243709, "typical_volume": 12408499.5, "trend": 19.878667, "fair_value": 25.74316, "relative_strength": -23.260117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.335852, "energy": 82.801029, "activity_lines": [ 17.797333, 18.266364, 19.172619, 19.498279 ] }, { "date": "2026-05-15", "close": 16.379999, "volume": 10878780, "typical_volume": 12693882.2, "trend": 19.735666, "fair_value": 25.563318, "relative_strength": -26.376664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.819157, "energy": 93.902046, "activity_lines": [ 17.241999, 17.832182, 18.860047, 19.272559 ] }, { "date": "2026-05-22", "close": 15.8, "volume": 7372495, "typical_volume": 12861472.45, "trend": 19.575666, "fair_value": 25.390677, "relative_strength": -27.980622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.063843, "energy": 94.892908, "activity_lines": [ 16.65, 17.375091, 18.508524, 19.018645 ] }, { "date": "2026-05-29", "close": 15.44, "volume": 9255713, "typical_volume": 13169146.65, "trend": 19.407333, "fair_value": 25.216346, "relative_strength": -28.210192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.429014, "energy": 93.733717, "activity_lines": [ 16.12, 16.928182, 18.140333, 18.751828 ] }, { "date": "2026-06-05", "close": 16.0, "volume": 2994490, "typical_volume": 12979023.75, "trend": 19.266, "fair_value": 25.049059, "relative_strength": -24.04466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.226528, "energy": 87.964311, "activity_lines": [ 15.954, 16.651091, 17.844238, 18.532 ] }, { "date": "2026-06-12", "close": 15.61, "volume": 3227090, "typical_volume": 11366987.35, "trend": 19.101, "fair_value": 24.872733, "relative_strength": -25.218073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.644925, "energy": 88.548436, "activity_lines": [ 15.756667, 16.353818, 17.528952, 18.296129 ] }, { "date": "2026-06-19", "close": 14.6, "volume": 9588424, "typical_volume": 10895590.2, "trend": 18.883, "fair_value": 24.688575, "relative_strength": -30.287724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.941206, "energy": 90.955007, "activity_lines": [ 15.341333, 15.927273, 17.146286, 18.005742 ] }, { "date": "2026-06-26", "close": 13.01, "volume": 2547409, "typical_volume": 9857492.65, "trend": 18.650667, "fair_value": 24.489043, "relative_strength": -36.166293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.114498, "energy": 96.467579, "activity_lines": [ 14.514667, 15.286727, 16.648857, 17.626839 ] }, { "date": "2026-07-03", "close": 14.15, "volume": 2268940, "typical_volume": 9102607.2, "trend": 18.452, "fair_value": 24.297126, "relative_strength": -30.130073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.112546, "energy": 82.88179, "activity_lines": [ 14.254, 14.953818, 16.295571, 17.336473 ] }, { "date": "2026-07-10", "close": 13.85, "volume": 7104656, "typical_volume": 8869779.75, "trend": 18.249333, "fair_value": 24.107852, "relative_strength": -30.084032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.730125, "energy": 76.756433, "activity_lines": [ 13.979333, 14.638182, 15.948, 17.03957 ] }, { "date": "2026-07-17", "close": 15.58, "volume": 19447228, "typical_volume": 9503517.65, "trend": 18.122, "fair_value": 23.934419, "relative_strength": -15.866181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.819006, "energy": 65.241574, "activity_lines": [ 14.424667, 14.703091, 15.797714, 16.867355 ] }, { "date": "2026-07-24", "close": 13.8, "volume": 14043941, "typical_volume": 8148709.35, "trend": 17.922, "fair_value": 23.779881, "relative_strength": -25.708267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.464057, "energy": 61.780622, "activity_lines": [ 14.278667, 14.477273, 15.502, 16.588516 ] }, { "date": "2026-07-31", "close": 14.82, "volume": 14429060, "typical_volume": 8055312.75, "trend": 17.766, "fair_value": 23.631757, "relative_strength": -19.875423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.467495, "energy": 46.245491, "activity_lines": [ 14.526, 14.483818, 15.337333, 16.388387 ] }, { "date": "2026-08-07", "close": 14.71, "volume": 8574375, "typical_volume": 8030698.15, "trend": 17.610333, "fair_value": 23.481556, "relative_strength": -21.856769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.590683, "energy": 36.94066, "activity_lines": [ 14.616, 14.488182, 15.186667, 16.191226 ] } ], "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." } } }