{ "ticker": { "uuid": "f88dad74-ee64-46af-b451-dba800e11dd7", "symbol": "2851", "name": "Central Reinsurance Corporation", "exchange": "TAI", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 65.912, "architecture_energy": 43.463, "architecture_maturity": 73.59, "architecture_confidence": 87.622, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 24.76, "rotation_up": 41.3, "upward_expansion": 65.15, "deceleration": 88.29, "rotation_down": 26.85, "downward_expansion": 17.48 }, "activity_lines": [ 36.37, 36.391471, 35.013047, 33.321186 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 38.75, "trend_reference": 30.976149, "distance_from_trend": 0.250962, "trend_direction": "Improving", "fair_value": 23.607815, "distance_from_fair_value": 0.641406, "fair_value_direction": "Improving", "relative_strength": 2.190762, "relative_strength_direction": "Improving", "price_momentum": 0.525526, "excess_performance": 0.084154, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.250962, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.143926, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.641406, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.251759, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.021908, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.166068, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.525526, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.951507, "read": "Demand-led" } ], "volume": { "latest": 9121754, "relative_activity": 0.791662, "balance": 1.951507, "dry_up": 0.79565, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.061895, "annualized_volatility": 0.286888, "from_high_reference": -0.015248, "from_low_reference": 0.78695 }, "levels": { "trend_reference": 30.976149, "fair_value_reference": 23.607815, "structural_low": 24.930688, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.004554, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.005619, "regime_survival": 0.5, "best_return": 0.053743, "worst_return": -0.050104, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.005814, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.068488, "regime_survival": 0.2, "best_return": 0.113244, "worst_return": -0.029228, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.028788, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.06256, "regime_survival": 0.0, "best_return": 0.103647, "worst_return": 0.005814, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.10654, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.179421, "regime_survival": 0.0, "best_return": 0.276619, "worst_return": -0.121892, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-08-09", "tenure": "New", "return": -0.042672, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.075728, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-09-13", "tenure": "New", "return": -0.040076, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2025-01-10", "tenure": "Established", "return": 0.003899, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-02-14", "tenure": "New", "return": 0.023437, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": 0.022305, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.098592, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-30", "tenure": "Developing", "return": -0.021611, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-06", "end": "2025-06-20", "tenure": "New", "return": 0.021912, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2025-08-22", "tenure": "Developing", "return": 0.01073, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-10-03", "tenure": "Developing", "return": 0.025478, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-10", "end": "2025-10-24", "tenure": "New", "return": 0.042017, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2026-07-31", "tenure": "Extended", "return": 0.493754, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": 0.093089, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 20.643774, "volume": 10217055, "typical_volume": 10449153.3, "trend": 16.276927, "fair_value": 18.033019, "relative_strength": 18.600262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.850493, "energy": 94.41427, "activity_lines": [ 19.845547, 18.998277, 17.895988, 17.133266 ] }, { "date": "2023-08-18", "close": 19.239996, "volume": 22827870, "typical_volume": 11379404.0, "trend": 16.436572, "fair_value": 18.06996, "relative_strength": 11.991227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.733739, "energy": 67.252373, "activity_lines": [ 19.768477, 19.148413, 18.113633, 17.324432 ] }, { "date": "2023-08-25", "close": 19.322573, "volume": 7576468, "typical_volume": 11687845.3, "trend": 16.58796, "fair_value": 18.107659, "relative_strength": 11.665472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.203387, "energy": 64.158117, "activity_lines": [ 19.647367, 19.279783, 18.317122, 17.510625 ] }, { "date": "2023-09-01", "close": 19.322573, "volume": 12740736, "typical_volume": 12018488.15, "trend": 16.718704, "fair_value": 18.141673, "relative_strength": 10.496604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.305593, "energy": 57.660442, "activity_lines": [ 19.49598, 19.373618, 18.498, 17.687052 ] }, { "date": "2023-09-08", "close": 19.363861, "volume": 6067687, "typical_volume": 11985470.85, "trend": 16.857705, "fair_value": 18.173648, "relative_strength": 11.171549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.531731, "energy": 44.859109, "activity_lines": [ 19.413405, 19.438928, 18.662954, 17.857707 ] }, { "date": "2023-09-15", "close": 19.776735, "volume": 7932760, "typical_volume": 12124409.85, "trend": 17.007717, "fair_value": 18.208269, "relative_strength": 11.191363, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.506511, "energy": 46.101129, "activity_lines": [ 19.479465, 19.545525, 18.846389, 18.046032 ] }, { "date": "2023-09-22", "close": 19.363861, "volume": 5016840, "typical_volume": 12040852.75, "trend": 17.142589, "fair_value": 18.238401, "relative_strength": 12.637965, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.511479, "energy": 39.450743, "activity_lines": [ 19.465703, 19.532013, 18.967892, 18.198041 ] }, { "date": "2023-09-29", "close": 19.239996, "volume": 3553919, "typical_volume": 10833857.45, "trend": 17.277462, "fair_value": 18.266586, "relative_strength": 11.833, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.889545, "energy": 35.96862, "activity_lines": [ 19.402395, 19.47421, 19.058725, 18.333358 ] }, { "date": "2023-10-06", "close": 18.868408, "volume": 4999513, "typical_volume": 10390734.35, "trend": 17.415087, "fair_value": 18.29216, "relative_strength": 8.691674, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.822377, "energy": 28.514433, "activity_lines": [ 19.220729, 19.34209, 19.099226, 18.435999 ] }, { "date": "2023-10-13", "close": 18.785835, "volume": 1765423, "typical_volume": 9821711.05, "trend": 17.565098, "fair_value": 18.320659, "relative_strength": 6.618592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.360246, "energy": 19.295694, "activity_lines": [ 19.041817, 19.218227, 19.11869, 18.524435 ] }, { "date": "2023-10-20", "close": 18.620684, "volume": 5264194, "typical_volume": 9488845.6, "trend": 17.699971, "fair_value": 18.346718, "relative_strength": 7.925948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.401046, "energy": 17.183299, "activity_lines": [ 18.846389, 19.07785, 19.110629, 18.592537 ] }, { "date": "2023-10-27", "close": 18.992273, "volume": 2923517, "typical_volume": 8538423.6, "trend": 17.845854, "fair_value": 18.373546, "relative_strength": 12.086766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.377377, "energy": 16.563861, "activity_lines": [ 18.851895, 19.041817, 19.128717, 18.675911 ] }, { "date": "2023-11-03", "close": 18.909697, "volume": 3869489, "typical_volume": 8164086.75, "trend": 17.99036, "fair_value": 18.400536, "relative_strength": 9.023181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.69487, "energy": 14.567836, "activity_lines": [ 18.854647, 18.995275, 19.131273, 18.744546 ] }, { "date": "2023-11-10", "close": 19.198708, "volume": 2663599, "typical_volume": 8066020.15, "trend": 18.125233, "fair_value": 18.428227, "relative_strength": 9.471366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.564032, "energy": 12.962823, "activity_lines": [ 18.975757, 19.008787, 19.15349, 18.822504 ] }, { "date": "2023-11-17", "close": 18.785835, "volume": 7337408, "typical_volume": 8115583.95, "trend": 18.251848, "fair_value": 18.455344, "relative_strength": 3.788971, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.241381, "energy": 13.070414, "activity_lines": [ 18.937222, 18.949483, 19.127538, 18.865124 ] }, { "date": "2023-11-24", "close": 18.909697, "volume": 3313510, "typical_volume": 7910192.6, "trend": 18.381216, "fair_value": 18.478648, "relative_strength": 3.824619, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.604607, "energy": 15.132409, "activity_lines": [ 18.939974, 18.923209, 19.107287, 18.907566 ] }, { "date": "2023-12-01", "close": 19.074846, "volume": 3684364, "typical_volume": 7554243.9, "trend": 18.503702, "fair_value": 18.500015, "relative_strength": 3.779769, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.476423, "energy": 15.780385, "activity_lines": [ 18.978509, 18.942727, 19.095097, 18.952316 ] }, { "date": "2023-12-08", "close": 18.950985, "volume": 5323284, "typical_volume": 7252453.25, "trend": 18.598664, "fair_value": 18.519667, "relative_strength": 3.38002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.576399, "energy": 10.849752, "activity_lines": [ 18.970252, 18.944979, 19.066786, 18.981173 ] }, { "date": "2023-12-15", "close": 19.198708, "volume": 5222297, "typical_volume": 6827495.85, "trend": 18.701883, "fair_value": 18.539295, "relative_strength": 2.971969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.295714, "energy": 17.756012, "activity_lines": [ 19.041816, 18.997526, 19.061674, 19.019886 ] }, { "date": "2023-12-22", "close": 18.992273, "volume": 3599033, "typical_volume": 6294948.3, "trend": 18.791339, "fair_value": 18.55829, "relative_strength": 2.281169, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.35195, "energy": 14.260412, "activity_lines": [ 19.044569, 19.006535, 19.041424, 19.03862 ] }, { "date": "2023-12-29", "close": 19.033558, "volume": 3118213, "typical_volume": 5940006.2, "trend": 18.869785, "fair_value": 18.578701, "relative_strength": 0.604148, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.171599, "energy": 10.514591, "activity_lines": [ 19.047321, 19.019296, 19.027661, 19.054247 ] }, { "date": "2024-01-05", "close": 18.950985, "volume": 2334750, "typical_volume": 4915350.2, "trend": 18.922083, "fair_value": 18.596971, "relative_strength": 2.355812, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.235608, "energy": 8.25594, "activity_lines": [ 19.014292, 19.009537, 19.013702, 19.059486 ] }, { "date": "2024-01-12", "close": 18.868408, "volume": 2677843, "typical_volume": 4670418.95, "trend": 18.975757, "fair_value": 18.615172, "relative_strength": 1.765278, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.808829, "energy": 16.106434, "activity_lines": [ 18.961994, 18.985515, 18.993255, 19.056023 ] }, { "date": "2024-01-19", "close": 18.620684, "volume": 5821021, "typical_volume": 4324433.2, "trend": 19.01842, "fair_value": 18.629942, "relative_strength": -0.670232, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.525564, "energy": 37.541811, "activity_lines": [ 18.832626, 18.917203, 18.951377, 19.033115 ] }, { "date": "2024-01-26", "close": 18.661972, "volume": 1675979, "typical_volume": 4104847.8, "trend": 19.056956, "fair_value": 18.645898, "relative_strength": -2.268092, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.608548, "energy": 55.387073, "activity_lines": [ 18.755557, 18.866908, 18.916775, 19.010119 ] }, { "date": "2024-02-02", "close": 18.744547, "volume": 2671637, "typical_volume": 3841791.65, "trend": 19.105124, "fair_value": 18.662384, "relative_strength": -2.278525, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.244882, "energy": 54.258826, "activity_lines": [ 18.728032, 18.833878, 18.893378, 18.989963 ] }, { "date": "2024-02-09", "close": 18.661972, "volume": 480169, "typical_volume": 3614958.1, "trend": 19.121639, "fair_value": 18.679953, "relative_strength": -3.002506, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.814302, "energy": 56.423196, "activity_lines": [ 18.692249, 18.788837, 18.867033, 18.961373 ] }, { "date": "2024-02-16", "close": 18.744547, "volume": 1779691, "typical_volume": 3526246.7, "trend": 19.117511, "fair_value": 18.702428, "relative_strength": -5.284969, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.1498, "energy": 44.443111, "activity_lines": [ 18.703259, 18.766317, 18.851894, 18.937044 ] }, { "date": "2024-02-23", "close": 18.703259, "volume": 3072405, "typical_volume": 3429891.3, "trend": 19.069342, "fair_value": 18.722566, "relative_strength": -6.907831, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.860884, "energy": 31.777433, "activity_lines": [ 18.708764, 18.740043, 18.835183, 18.910318 ] }, { "date": "2024-03-01", "close": 18.455536, "volume": 5821762, "typical_volume": 3632708.25, "trend": 19.03356, "fair_value": 18.738351, "relative_strength": -8.369545, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.737013, "energy": 39.382467, "activity_lines": [ 18.62619, 18.677736, 18.795665, 18.870718 ] }, { "date": "2024-03-08", "close": 18.703259, "volume": 8348444, "typical_volume": 3786920.75, "trend": 18.968876, "fair_value": 18.752728, "relative_strength": -11.119669, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.032661, "energy": 30.707766, "activity_lines": [ 18.639952, 18.67023, 18.781312, 18.849408 ] }, { "date": "2024-03-15", "close": 20.065746, "volume": 25897061, "typical_volume": 4935597.95, "trend": 18.996401, "fair_value": 18.771463, "relative_strength": -4.311226, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.974073, "energy": 25.382736, "activity_lines": [ 19.110629, 18.916453, 18.896327, 18.920174 ] }, { "date": "2024-03-22", "close": 20.396048, "volume": 9415375, "typical_volume": 5212892.25, "trend": 19.032183, "fair_value": 18.790472, "relative_strength": -5.518821, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.774742, "energy": 67.970343, "activity_lines": [ 19.597822, 19.202463, 19.037688, 19.010474 ] }, { "date": "2024-03-29", "close": 20.396048, "volume": 10181385, "typical_volume": 5588781.55, "trend": 19.067966, "fair_value": 18.811784, "relative_strength": -5.968382, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.471092, "energy": 86.731932, "activity_lines": [ 19.974915, 19.460698, 19.171971, 19.098465 ] }, { "date": "2024-04-05", "close": 20.272184, "volume": 10981434, "typical_volume": 5770982.85, "trend": 19.098243, "fair_value": 18.831381, "relative_strength": -6.865876, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.002664, "energy": 84.661418, "activity_lines": [ 20.197867, 19.664132, 19.288756, 19.176157 ] }, { "date": "2024-04-12", "close": 20.808926, "volume": 16349483, "typical_volume": 6422781.5, "trend": 19.132649, "fair_value": 18.85511, "relative_strength": -6.327286, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.051676, "energy": 87.563229, "activity_lines": [ 20.478623, 19.93588, 19.449581, 19.286523 ] }, { "date": "2024-04-19", "close": 20.643774, "volume": 12792088, "typical_volume": 6878167.7, "trend": 19.175313, "fair_value": 18.878471, "relative_strength": -1.485872, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.68671, "energy": 80.020488, "activity_lines": [ 20.563951, 20.140066, 19.585633, 19.384015 ] }, { "date": "2024-04-26", "close": 22.336561, "volume": 20605159, "typical_volume": 7642261.45, "trend": 19.278532, "fair_value": 18.911302, "relative_strength": 3.179689, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.51037, "energy": 84.629305, "activity_lines": [ 21.175006, 20.615998, 19.875432, 19.587967 ] }, { "date": "2024-05-03", "close": 22.708149, "volume": 12298921, "typical_volume": 7996092.65, "trend": 19.406523, "fair_value": 18.946744, "relative_strength": 3.57037, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.633681, "energy": 93.241587, "activity_lines": [ 21.780556, 21.094183, 20.184499, 19.809232 ] }, { "date": "2024-05-10", "close": 23.492615, "volume": 36660923, "typical_volume": 9649187.15, "trend": 19.563416, "fair_value": 18.985833, "relative_strength": 5.010528, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.524026, "energy": 93.922289, "activity_lines": [ 22.493455, 21.642181, 20.551565, 20.072851 ] }, { "date": "2024-05-17", "close": 23.327465, "volume": 18705339, "typical_volume": 10428543.45, "trend": 19.720309, "fair_value": 19.007276, "relative_strength": 1.392604, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.115905, "energy": 91.161121, "activity_lines": [ 22.936609, 22.068569, 20.881472, 20.315693 ] }, { "date": "2024-05-24", "close": 22.625574, "volume": 15840726, "typical_volume": 11103842.25, "trend": 19.841419, "fair_value": 19.03643, "relative_strength": -3.162617, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.657652, "energy": 80.713077, "activity_lines": [ 22.977896, 22.283264, 21.124085, 20.503129 ] }, { "date": "2024-05-31", "close": 22.790726, "volume": 11102514, "typical_volume": 11525075.8, "trend": 19.970786, "fair_value": 19.068485, "relative_strength": -0.791236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.559258, "energy": 64.699188, "activity_lines": [ 22.942113, 22.481444, 21.364929, 20.693407 ] }, { "date": "2024-06-07", "close": 23.286177, "volume": 13883530, "typical_volume": 11928201.25, "trend": 20.107035, "fair_value": 19.10003, "relative_strength": -1.869791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.143677, "energy": 62.858151, "activity_lines": [ 23.041204, 22.726167, 21.634281, 20.907303 ] }, { "date": "2024-06-14", "close": 22.797382, "volume": 24483482, "typical_volume": 13068576.4, "trend": 20.240754, "fair_value": 19.12706, "relative_strength": -6.713205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.501952, "energy": 55.845396, "activity_lines": [ 22.938827, 22.82947, 21.834865, 21.080874 ] }, { "date": "2024-06-21", "close": 23.014915, "volume": 10826000, "typical_volume": 13476294.55, "trend": 20.377594, "fair_value": 19.157097, "relative_strength": -8.82565, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.502525, "energy": 54.070195, "activity_lines": [ 22.955311, 22.926412, 22.036473, 21.259852 ] }, { "date": "2024-06-28", "close": 22.536345, "volume": 10641809, "typical_volume": 13984376.55, "trend": 20.492978, "fair_value": 19.178076, "relative_strength": -9.774127, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.799577, "energy": 44.787615, "activity_lines": [ 22.833107, 22.896232, 22.172169, 21.399127 ] }, { "date": "2024-07-05", "close": 22.449331, "volume": 10892482, "typical_volume": 14440016.1, "trend": 20.609589, "fair_value": 19.193659, "relative_strength": -11.9902, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.233741, "energy": 36.40194, "activity_lines": [ 22.687848, 22.815821, 22.281128, 21.525343 ] }, { "date": "2024-07-12", "close": 23.885044, "volume": 21890861, "typical_volume": 15380938.9, "trend": 20.7658, "fair_value": 19.206005, "relative_strength": -7.686525, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.65896, "energy": 50.214685, "activity_lines": [ 23.043919, 22.994399, 22.50918, 21.736663 ] }, { "date": "2024-07-19", "close": 23.44998, "volume": 15035168, "typical_volume": 15841609.2, "trend": 20.914391, "fair_value": 19.197823, "relative_strength": -5.076809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.267979, "energy": 46.484334, "activity_lines": [ 23.215045, 23.072476, 22.671121, 21.909835 ] }, { "date": "2024-07-26", "close": 22.884396, "volume": 8769537, "typical_volume": 15862663.85, "trend": 21.042752, "fair_value": 19.198917, "relative_strength": -4.002016, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.251397, "energy": 44.52202, "activity_lines": [ 23.154136, 23.048494, 22.755415, 22.036933 ] }, { "date": "2024-08-02", "close": 22.797382, "volume": 8531381, "typical_volume": 14994379.85, "trend": 21.170965, "fair_value": 19.20406, "relative_strength": -2.055646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.507848, "energy": 41.537025, "activity_lines": [ 23.072924, 23.016748, 22.811512, 22.150135 ] }, { "date": "2024-08-09", "close": 22.449331, "volume": 13666272, "typical_volume": 15206924.7, "trend": 21.290329, "fair_value": 19.209507, "relative_strength": -2.446298, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.667015, "energy": 25.001346, "activity_lines": [ 22.858292, 22.918596, 22.821453, 22.23261 ] }, { "date": "2024-08-16", "close": 22.405825, "volume": 7257379, "typical_volume": 15060724.4, "trend": 21.416501, "fair_value": 19.216119, "relative_strength": -6.181022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.738235, "energy": 18.868129, "activity_lines": [ 22.629158, 22.818741, 22.817473, 22.304577 ] }, { "date": "2024-08-23", "close": 24.059071, "volume": 18197376, "typical_volume": 15421521.5, "trend": 21.596404, "fair_value": 19.240313, "relative_strength": 1.76977, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.343296, "energy": 33.06608, "activity_lines": [ 23.049721, 23.035482, 22.961374, 22.475066 ] }, { "date": "2024-08-30", "close": 24.102577, "volume": 17169444, "typical_volume": 15462519.55, "trend": 21.775005, "fair_value": 19.26936, "relative_strength": 1.593713, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.908449, "energy": 40.127323, "activity_lines": [ 23.444179, 23.237194, 23.091386, 22.636754 ] }, { "date": "2024-09-06", "close": 22.797382, "volume": 14283728, "typical_volume": 15537101.55, "trend": 21.912852, "fair_value": 19.278242, "relative_strength": 0.014967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.105842, "energy": 32.086337, "activity_lines": [ 23.322361, 23.181822, 23.08141, 22.702714 ] }, { "date": "2024-09-13", "close": 21.883747, "volume": 13208013, "typical_volume": 15167244.25, "trend": 22.017492, "fair_value": 19.285842, "relative_strength": -5.145102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.631281, "energy": 11.425188, "activity_lines": [ 22.895997, 22.955588, 22.974166, 22.700836 ] }, { "date": "2024-09-20", "close": 22.318811, "volume": 3852244, "typical_volume": 14744910.4, "trend": 22.13801, "fair_value": 19.29888, "relative_strength": -4.697688, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.074014, "energy": 7.786731, "activity_lines": [ 22.652361, 22.81874, 22.910513, 22.720276 ] }, { "date": "2024-09-27", "close": 22.492838, "volume": 3486381, "typical_volume": 13086183.3, "trend": 22.272587, "fair_value": 19.310866, "relative_strength": -6.421105, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.793607, "energy": 16.999556, "activity_lines": [ 22.472534, 22.742011, 22.865287, 22.743168 ] }, { "date": "2024-10-04", "close": 22.579851, "volume": 4276893, "typical_volume": 12364761.0, "trend": 22.401807, "fair_value": 19.321965, "relative_strength": -3.640292, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.78734, "energy": 16.490468, "activity_lines": [ 22.426128, 22.698505, 22.83311, 22.762992 ] }, { "date": "2024-10-11", "close": 22.405825, "volume": 4773364, "typical_volume": 11811392.9, "trend": 22.479809, "fair_value": 19.335561, "relative_strength": -6.642592, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.398166, "energy": 20.214162, "activity_lines": [ 22.423227, 22.628894, 22.787919, 22.763251 ] }, { "date": "2024-10-18", "close": 23.667513, "volume": 11646174, "typical_volume": 11838575.9, "trend": 22.588858, "fair_value": 19.353873, "relative_strength": -3.623479, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.971816, "energy": 17.311602, "activity_lines": [ 22.866994, 22.795801, 22.863934, 22.839877 ] }, { "date": "2024-10-25", "close": 23.493486, "volume": 9272529, "typical_volume": 11608025.85, "trend": 22.692106, "fair_value": 19.37107, "relative_strength": -3.459871, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.341411, "energy": 24.280316, "activity_lines": [ 23.133833, 22.908918, 22.919201, 22.89824 ] }, { "date": "2024-11-01", "close": 23.536993, "volume": 6094173, "typical_volume": 10688560.4, "trend": 22.800933, "fair_value": 19.388304, "relative_strength": -0.662127, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.650812, "energy": 33.479097, "activity_lines": [ 23.336863, 23.010169, 22.977624, 22.952749 ] }, { "date": "2024-11-08", "close": 22.492838, "volume": 10738719, "typical_volume": 10684196.35, "trend": 22.857063, "fair_value": 19.397401, "relative_strength": -7.854035, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.128598, "energy": 20.274211, "activity_lines": [ 23.122231, 22.931067, 22.933082, 22.932872 ] }, { "date": "2024-11-15", "close": 22.362318, "volume": 12786869, "typical_volume": 10791449.35, "trend": 22.914348, "fair_value": 19.404698, "relative_strength": -4.930254, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.109336, "energy": 15.240222, "activity_lines": [ 22.869894, 22.857501, 22.878595, 22.900953 ] }, { "date": "2024-11-22", "close": 22.449331, "volume": 4047071, "typical_volume": 10449178.8, "trend": 22.918107, "fair_value": 19.407977, "relative_strength": -5.032714, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.640995, "energy": 26.853456, "activity_lines": [ 22.649461, 22.807666, 22.833224, 22.870952 ] }, { "date": "2024-11-29", "close": 22.449331, "volume": 7386021, "typical_volume": 9723936.8, "trend": 22.90948, "fair_value": 19.41222, "relative_strength": -2.139021, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.488071, "energy": 34.678976, "activity_lines": [ 22.51024, 22.747548, 22.787853, 22.840708 ] }, { "date": "2024-12-06", "close": 22.927902, "volume": 5619803, "typical_volume": 9253168.55, "trend": 22.890656, "fair_value": 19.42266, "relative_strength": -3.881598, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.524152, "energy": 33.41528, "activity_lines": [ 22.600153, 22.77207, 22.794897, 22.841897 ] }, { "date": "2024-12-13", "close": 22.492838, "volume": 4009104, "typical_volume": 9015146.9, "trend": 22.862835, "fair_value": 19.428145, "relative_strength": -4.803338, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.784993, "energy": 39.477467, "activity_lines": [ 22.585651, 22.709579, 22.762992, 22.816231 ] }, { "date": "2024-12-20", "close": 22.275305, "volume": 3813479, "typical_volume": 8779251.8, "trend": 22.85116, "fair_value": 19.432717, "relative_strength": -3.424689, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.491754, "energy": 36.678553, "activity_lines": [ 22.498638, 22.609118, 22.712235, 22.778326 ] }, { "date": "2024-12-27", "close": 22.536345, "volume": 1947350, "typical_volume": 8193305.7, "trend": 22.84268, "fair_value": 19.440647, "relative_strength": -5.340384, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.195148, "energy": 24.31311, "activity_lines": [ 22.50444, 22.558493, 22.688824, 22.758015 ] }, { "date": "2025-01-03", "close": 22.579851, "volume": 1894250, "typical_volume": 7925149.25, "trend": 22.819136, "fair_value": 19.449339, "relative_strength": -3.462302, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.437164, "energy": 25.554671, "activity_lines": [ 22.518942, 22.536344, 22.669143, 22.741058 ] }, { "date": "2025-01-10", "close": 22.405825, "volume": 4154861, "typical_volume": 7223023.5, "trend": 22.806084, "fair_value": 19.450172, "relative_strength": -4.450725, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.282351, "energy": 29.130254, "activity_lines": [ 22.466734, 22.499166, 22.632058, 22.714393 ] }, { "date": "2025-01-17", "close": 22.275305, "volume": 3975070, "typical_volume": 6563304.8, "trend": 22.781431, "fair_value": 19.451854, "relative_strength": -5.404203, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.792584, "energy": 32.258535, "activity_lines": [ 22.405825, 22.458824, 22.590417, 22.680149 ] }, { "date": "2025-01-24", "close": 22.275305, "volume": 1465918, "typical_volume": 5922414.3, "trend": 22.772729, "fair_value": 19.454018, "relative_strength": -6.762462, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.160548, "energy": 37.382474, "activity_lines": [ 22.359418, 22.422436, 22.557476, 22.647496 ] }, { "date": "2025-02-07", "close": 22.318811, "volume": 3490287, "typical_volume": 5436528.0, "trend": 22.768379, "fair_value": 19.459109, "relative_strength": -6.237797, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.85169, "energy": 41.471105, "activity_lines": [ 22.327513, 22.395541, 22.531165, 22.618211 ] }, { "date": "2025-02-14", "close": 22.797382, "volume": 5244706, "typical_volume": 5506151.1, "trend": 22.732123, "fair_value": 19.469195, "relative_strength": -2.794233, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.158431, "energy": 16.628673, "activity_lines": [ 22.469634, 22.458032, 22.54836, 22.620082 ] }, { "date": "2025-02-21", "close": 23.406473, "volume": 4945853, "typical_volume": 5579124.7, "trend": 22.730673, "fair_value": 19.479332, "relative_strength": -2.587648, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.990766, "energy": 22.245862, "activity_lines": [ 22.800283, 22.624939, 22.621285, 22.663589 ] }, { "date": "2025-02-28", "close": 23.536993, "volume": 6077939, "typical_volume": 5669177.0, "trend": 22.752426, "fair_value": 19.489584, "relative_strength": 0.773488, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.011555, "energy": 48.522863, "activity_lines": [ 23.107729, 22.806875, 22.70229, 22.715609 ] }, { "date": "2025-03-07", "close": 23.928551, "volume": 5924100, "typical_volume": 5726713.8, "trend": 22.790132, "fair_value": 19.504513, "relative_strength": 4.445995, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 81.292691, "energy": 82.515167, "activity_lines": [ 23.461581, 23.041019, 22.816028, 22.791488 ] }, { "date": "2025-03-14", "close": 24.711668, "volume": 22637322, "typical_volume": 6276271.2, "trend": 22.865543, "fair_value": 19.520609, "relative_strength": 10.473679, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.432126, "energy": 92.975951, "activity_lines": [ 23.966257, 23.387489, 22.997098, 22.915458 ] }, { "date": "2025-03-21", "close": 24.755175, "volume": 7257173, "typical_volume": 6175503.4, "trend": 22.943855, "fair_value": 19.539632, "relative_strength": 9.270626, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.92675, "energy": 94.643479, "activity_lines": [ 24.325911, 23.702318, 23.177339, 23.03737 ] }, { "date": "2025-03-28", "close": 24.102577, "volume": 7062394, "typical_volume": 6223914.45, "trend": 22.945305, "fair_value": 19.548934, "relative_strength": 9.154426, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.538473, "energy": 86.324387, "activity_lines": [ 24.337512, 23.858941, 23.28942, 23.112127 ] }, { "date": "2025-04-04", "close": 23.885044, "volume": 4569985, "typical_volume": 5915477.75, "trend": 22.938054, "fair_value": 19.555878, "relative_strength": 9.476773, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.129707, "energy": 74.418309, "activity_lines": [ 24.230196, 23.945163, 23.378091, 23.172755 ] }, { "date": "2025-04-11", "close": 22.275305, "volume": 25983057, "typical_volume": 6575287.15, "trend": 22.920651, "fair_value": 19.546965, "relative_strength": 11.049537, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.825811, "energy": 17.414642, "activity_lines": [ 23.563097, 23.709437, 23.306823, 23.129997 ] }, { "date": "2025-04-18", "close": 22.144787, "volume": 7089177, "typical_volume": 6727392.45, "trend": 22.929353, "fair_value": 19.537697, "relative_strength": 10.873069, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.304453, "energy": 19.157544, "activity_lines": [ 22.962708, 23.44998, 23.223539, 23.079941 ] }, { "date": "2025-04-25", "close": 22.405825, "volume": 4275402, "typical_volume": 6571861.5, "trend": 22.932253, "fair_value": 19.535882, "relative_strength": 9.339929, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.94193, "energy": 30.039013, "activity_lines": [ 22.620457, 23.241149, 23.166566, 23.046165 ] }, { "date": "2025-05-02", "close": 23.188942, "volume": 4542681, "typical_volume": 6518005.4, "trend": 22.955457, "fair_value": 19.538123, "relative_strength": 8.170186, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.153167, "energy": 28.660881, "activity_lines": [ 22.695868, 23.181822, 23.184383, 23.062726 ] }, { "date": "2025-05-09", "close": 22.710371, "volume": 8883884, "typical_volume": 6761744.4, "trend": 22.959807, "fair_value": 19.538741, "relative_strength": 5.353628, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.626429, "energy": 22.583281, "activity_lines": [ 22.672665, 23.039438, 23.155379, 23.046914 ] }, { "date": "2025-05-16", "close": 22.666864, "volume": 11648720, "typical_volume": 7153506.45, "trend": 22.968508, "fair_value": 19.542211, "relative_strength": 0.863496, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.972615, "energy": 16.509827, "activity_lines": [ 22.713271, 22.904172, 23.121196, 23.028014 ] }, { "date": "2025-05-23", "close": 22.449331, "volume": 4481153, "typical_volume": 7280196.6, "trend": 22.927902, "fair_value": 19.549584, "relative_strength": 0.892912, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.272263, "energy": 15.623843, "activity_lines": [ 22.655262, 22.752295, 23.06443, 22.994519 ] }, { "date": "2025-05-30", "close": 21.666216, "volume": 8726419, "typical_volume": 7621805.05, "trend": 22.866993, "fair_value": 19.548566, "relative_strength": -1.172359, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.243803, "energy": 34.443572, "activity_lines": [ 22.315912, 22.499166, 22.933496, 22.91312 ] }, { "date": "2025-06-06", "close": 21.84024, "volume": 7816953, "typical_volume": 7804909.65, "trend": 22.810435, "fair_value": 19.551794, "relative_strength": -1.694497, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.952102, "energy": 45.612796, "activity_lines": [ 22.083877, 22.333842, 22.823487, 22.846878 ] }, { "date": "2025-06-13", "close": 22.057774, "volume": 7100327, "typical_volume": 7961172.5, "trend": 22.795933, "fair_value": 19.554249, "relative_strength": -2.449107, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.973176, "energy": 49.575771, "activity_lines": [ 22.014267, 22.249202, 22.736889, 22.798319 ] }, { "date": "2025-06-20", "close": 22.318811, "volume": 8161920, "typical_volume": 8295972.6, "trend": 22.794483, "fair_value": 19.557654, "relative_strength": -1.171697, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.198602, "energy": 52.346258, "activity_lines": [ 22.075176, 22.245247, 22.676187, 22.767537 ] }, { "date": "2025-06-27", "close": 21.920189, "volume": 19077758, "typical_volume": 9075346.15, "trend": 22.776845, "fair_value": 19.561041, "relative_strength": -5.199972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.957122, "energy": 43.533357, "activity_lines": [ 22.026414, 22.168023, 22.577313, 22.711131 ] }, { "date": "2025-07-04", "close": 21.026447, "volume": 9880698, "typical_volume": 9307145.75, "trend": 22.729415, "fair_value": 19.559726, "relative_strength": -8.855199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.612161, "energy": 54.029761, "activity_lines": [ 21.715014, 21.932385, 22.39522, 22.598202 ] }, { "date": "2025-07-11", "close": 21.261642, "volume": 8462106, "typical_volume": 9482958.4, "trend": 22.673873, "fair_value": 19.565311, "relative_strength": -8.628475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.233245, "energy": 68.861185, "activity_lines": [ 21.524664, 21.76459, 22.24396, 22.503507 ] }, { "date": "2025-07-18", "close": 21.732033, "volume": 4567308, "typical_volume": 9407426.85, "trend": 22.648513, "fair_value": 19.575708, "relative_strength": -9.013096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.950515, "energy": 65.281774, "activity_lines": [ 21.529684, 21.717361, 22.147711, 22.442743 ] }, { "date": "2025-07-25", "close": 21.779072, "volume": 4968356, "typical_volume": 9359639.65, "trend": 22.631972, "fair_value": 19.586408, "relative_strength": -8.582496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.904691, "energy": 59.551505, "activity_lines": [ 21.5721, 21.696474, 22.064538, 22.38665 ] }, { "date": "2025-08-01", "close": 21.967229, "volume": 5319164, "typical_volume": 8493731.75, "trend": 22.613001, "fair_value": 19.618857, "relative_strength": -7.899298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.102476, "energy": 36.067533, "activity_lines": [ 21.713218, 21.725938, 22.009521, 22.343763 ] }, { "date": "2025-08-08", "close": 22.672813, "volume": 5946479, "typical_volume": 8428197.05, "trend": 22.6161, "fair_value": 19.656599, "relative_strength": -7.070846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.430888, "energy": 16.980535, "activity_lines": [ 22.086394, 21.892456, 22.03477, 22.347622 ] }, { "date": "2025-08-15", "close": 22.813931, "volume": 6149747, "typical_volume": 8382564.7, "trend": 22.629704, "fair_value": 19.691907, "relative_strength": -7.506631, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.80978, "energy": 17.837659, "activity_lines": [ 22.396851, 22.066329, 22.083375, 22.360385 ] }, { "date": "2025-08-22", "close": 22.155384, "volume": 5563539, "typical_volume": 8432242.4, "trend": 22.625706, "fair_value": 19.72017, "relative_strength": -7.899324, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.660424, "energy": 18.621575, "activity_lines": [ 22.384308, 22.102764, 22.075398, 22.329784 ] }, { "date": "2025-08-29", "close": 22.155384, "volume": 3572763, "typical_volume": 7311727.7, "trend": 22.621709, "fair_value": 19.752284, "relative_strength": -9.385108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.755311, "energy": 17.304127, "activity_lines": [ 22.34354, 22.137424, 22.075658, 22.299441 ] }, { "date": "2025-09-05", "close": 22.390579, "volume": 3045596, "typical_volume": 7109548.65, "trend": 22.624101, "fair_value": 19.785649, "relative_strength": -9.109229, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.128351, "energy": 12.346677, "activity_lines": [ 22.356084, 22.217818, 22.098888, 22.284529 ] }, { "date": "2025-09-12", "close": 22.484657, "volume": 5264059, "typical_volume": 7158981.5, "trend": 22.613677, "fair_value": 19.820901, "relative_strength": -11.934118, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.103372, "energy": 6.578221, "activity_lines": [ 22.371763, 22.306764, 22.129907, 22.275533 ] }, { "date": "2025-09-19", "close": 22.484657, "volume": 2986942, "typical_volume": 7081194.55, "trend": 22.58295, "fair_value": 19.857438, "relative_strength": -12.077584, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.307233, "energy": 7.888173, "activity_lines": [ 22.399987, 22.369198, 22.160551, 22.267209 ] }, { "date": "2025-09-26", "close": 22.578735, "volume": 3977688, "typical_volume": 6835884.75, "trend": 22.551008, "fair_value": 19.894834, "relative_strength": -11.504466, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.742848, "energy": 11.10518, "activity_lines": [ 22.481521, 22.4265, 22.203508, 22.266937 ] }, { "date": "2025-10-03", "close": 22.719852, "volume": 2230761, "typical_volume": 6364986.8, "trend": 22.510718, "fair_value": 19.934932, "relative_strength": -14.655636, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.905417, "energy": 26.291541, "activity_lines": [ 22.581871, 22.494065, 22.260533, 22.27783 ] }, { "date": "2025-10-10", "close": 22.390579, "volume": 4169559, "typical_volume": 6349407.1, "trend": 22.433348, "fair_value": 19.974717, "relative_strength": -17.251061, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.146702, "energy": 22.641125, "activity_lines": [ 22.534832, 22.484657, 22.285945, 22.270079 ] }, { "date": "2025-10-17", "close": 23.096165, "volume": 7441620, "typical_volume": 6285167.15, "trend": 22.378048, "fair_value": 20.020309, "relative_strength": -14.424964, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.380097, "energy": 40.393375, "activity_lines": [ 22.722988, 22.59584, 22.378836, 22.312842 ] }, { "date": "2025-10-24", "close": 23.33136, "volume": 3900915, "typical_volume": 6089365.25, "trend": 22.352341, "fair_value": 20.072544, "relative_strength": -14.007257, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.072461, "energy": 61.727111, "activity_lines": [ 22.948776, 22.742089, 22.487317, 22.374346 ] }, { "date": "2025-10-31", "close": 23.096165, "volume": 4296862, "typical_volume": 5949192.0, "trend": 22.326045, "fair_value": 20.127124, "relative_strength": -16.682019, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.658081, "energy": 59.560551, "activity_lines": [ 23.039718, 22.836167, 22.566298, 22.422334 ] }, { "date": "2025-11-07", "close": 23.707672, "volume": 5957162, "typical_volume": 5838954.1, "trend": 22.37379, "fair_value": 20.187421, "relative_strength": -12.374337, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.897819, "energy": 76.213101, "activity_lines": [ 23.300001, 23.024323, 22.698573, 22.511472 ] }, { "date": "2025-11-14", "close": 24.930687, "volume": 13079903, "typical_volume": 5539061.35, "trend": 22.466654, "fair_value": 20.253504, "relative_strength": -6.917681, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.835557, "energy": 88.510454, "activity_lines": [ 23.9021, 23.406622, 22.940712, 22.676433 ] }, { "date": "2025-11-21", "close": 24.272141, "volume": 6092265, "typical_volume": 5349639.7, "trend": 22.528864, "fair_value": 20.313551, "relative_strength": -5.956222, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.942479, "energy": 83.442945, "activity_lines": [ 24.115344, 23.623002, 23.105797, 22.792916 ] }, { "date": "2025-11-28", "close": 24.695492, "volume": 6371310, "typical_volume": 5245099.9, "trend": 22.579082, "fair_value": 20.378693, "relative_strength": -8.287048, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.47538, "energy": 88.341815, "activity_lines": [ 24.391306, 23.883855, 23.295745, 22.932698 ] }, { "date": "2025-12-05", "close": 24.78957, "volume": 4543295, "typical_volume": 5243899.25, "trend": 22.648389, "fair_value": 20.436235, "relative_strength": -8.883613, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.840979, "energy": 87.905863, "activity_lines": [ 24.607686, 24.121616, 23.478301, 23.07531 ] }, { "date": "2025-12-12", "close": 24.507336, "volume": 3560646, "typical_volume": 5173513.75, "trend": 22.709738, "fair_value": 20.491173, "relative_strength": -10.402951, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.190566, "energy": 73.619301, "activity_lines": [ 24.617094, 24.267864, 23.619418, 23.195242 ] }, { "date": "2025-12-19", "close": 24.648453, "volume": 4895344, "typical_volume": 5152322.75, "trend": 22.783042, "fair_value": 20.548868, "relative_strength": -8.096059, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.136381, "energy": 58.539278, "activity_lines": [ 24.62023, 24.407271, 23.760983, 23.320321 ] }, { "date": "2025-12-26", "close": 24.648453, "volume": 2317617, "typical_volume": 4970879.65, "trend": 22.88245, "fair_value": 20.607887, "relative_strength": -10.638479, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.328731, "energy": 55.184351, "activity_lines": [ 24.642181, 24.505625, 23.88978, 23.44067 ] }, { "date": "2026-01-02", "close": 24.695492, "volume": 3952837, "typical_volume": 4861034.15, "trend": 22.977625, "fair_value": 20.66853, "relative_strength": -12.668918, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.771984, "energy": 50.553809, "activity_lines": [ 24.654725, 24.584309, 24.01365, 23.55764 ] }, { "date": "2026-01-09", "close": 25.024765, "volume": 5364710, "typical_volume": 4851092.7, "trend": 23.076525, "fair_value": 20.73896, "relative_strength": -13.974626, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.263933, "energy": 52.428566, "activity_lines": [ 24.777026, 24.698058, 24.159919, 23.689714 ] }, { "date": "2026-01-16", "close": 25.354038, "volume": 6815401, "typical_volume": 5013224.6, "trend": 23.177699, "fair_value": 20.811235, "relative_strength": -15.668881, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.981296, "energy": 57.168876, "activity_lines": [ 24.993406, 24.836609, 24.323884, 23.83665 ] }, { "date": "2026-01-23", "close": 25.306999, "volume": 5045526, "typical_volume": 5113221.1, "trend": 23.290593, "fair_value": 20.880827, "relative_strength": -16.996917, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.644417, "energy": 56.500315, "activity_lines": [ 25.137659, 24.936674, 24.468137, 23.974024 ] }, { "date": "2026-01-30", "close": 25.024765, "volume": 4020019, "typical_volume": 5051019.1, "trend": 23.42387, "fair_value": 20.946493, "relative_strength": -17.908954, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.760875, "energy": 51.478933, "activity_lines": [ 25.14393, 24.978581, 24.571622, 24.085906 ] }, { "date": "2026-02-06", "close": 25.401077, "volume": 5310291, "typical_volume": 5167186.55, "trend": 23.561851, "fair_value": 21.010601, "relative_strength": -15.680009, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.508846, "energy": 52.792629, "activity_lines": [ 25.250552, 25.075225, 24.698852, 24.213468 ] }, { "date": "2026-02-13", "close": 25.824429, "volume": 3279103, "typical_volume": 5132257.3, "trend": 23.698264, "fair_value": 21.078746, "relative_strength": -18.567243, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.815625, "energy": 61.995814, "activity_lines": [ 25.451252, 25.236013, 24.852513, 24.359441 ] }, { "date": "2026-02-27", "close": 26.012585, "volume": 5426834, "typical_volume": 5292060.95, "trend": 23.839381, "fair_value": 21.147567, "relative_strength": -21.761838, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.530323, "energy": 71.335187, "activity_lines": [ 25.66136, 25.412196, 25.008637, 24.508752 ] }, { "date": "2026-03-06", "close": 25.589233, "volume": 5722723, "typical_volume": 5369719.15, "trend": 23.960115, "fair_value": 21.213411, "relative_strength": -18.444404, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.115299, "energy": 65.3394, "activity_lines": [ 25.686447, 25.484037, 25.108763, 24.621646 ] }, { "date": "2026-03-13", "close": 27.18856, "volume": 13109534, "typical_volume": 5653114.85, "trend": 24.11064, "fair_value": 21.2903, "relative_strength": -12.386691, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.57173, "energy": 78.822866, "activity_lines": [ 26.225828, 25.82956, 25.345974, 24.829932 ] }, { "date": "2026-03-20", "close": 28.69381, "volume": 11848648, "typical_volume": 6050501.5, "trend": 24.306636, "fair_value": 21.37975, "relative_strength": -7.415432, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.838, "energy": 92.430293, "activity_lines": [ 27.122706, 26.402581, 25.707055, 25.125621 ] }, { "date": "2026-03-27", "close": 29.117161, "volume": 14967522, "typical_volume": 6584034.5, "trend": 24.538695, "fair_value": 21.474825, "relative_strength": -4.357308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.554433, "energy": 94.09011, "activity_lines": [ 27.941185, 26.979878, 26.082919, 25.435977 ] }, { "date": "2026-04-03", "close": 28.599731, "volume": 6502368, "typical_volume": 6611294.8, "trend": 24.753507, "fair_value": 21.56473, "relative_strength": -4.021902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.606566, "energy": 89.446491, "activity_lines": [ 28.367672, 27.38869, 26.380833, 25.69798 ] }, { "date": "2026-04-10", "close": 29.399395, "volume": 5260267, "typical_volume": 6220313.0, "trend": 24.987134, "fair_value": 21.659497, "relative_strength": -8.705388, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.569989, "energy": 91.701884, "activity_lines": [ 28.888237, 27.883883, 26.73161, 25.997714 ] }, { "date": "2026-04-17", "close": 27.800068, "volume": 18825370, "typical_volume": 6856968.25, "trend": 25.164314, "fair_value": 21.744276, "relative_strength": -16.241446, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.709863, "energy": 63.786406, "activity_lines": [ 28.621683, 28.013882, 26.90879, 26.179194 ] }, { "date": "2026-04-24", "close": 28.270458, "volume": 7190750, "typical_volume": 6897940.25, "trend": 25.357174, "fair_value": 21.828365, "relative_strength": -18.759905, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.536604, "energy": 56.952374, "activity_lines": [ 28.471158, 28.178946, 27.11397, 26.37959 ] }, { "date": "2026-05-01", "close": 28.364536, "volume": 5072931, "typical_volume": 6924422.05, "trend": 25.550034, "fair_value": 21.914116, "relative_strength": -17.771937, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.046916, "energy": 49.696817, "activity_lines": [ 28.380216, 28.308945, 27.311086, 26.573614 ] }, { "date": "2026-05-08", "close": 29.305317, "volume": 9711979, "typical_volume": 7231988.7, "trend": 25.76955, "fair_value": 22.005633, "relative_strength": -19.796134, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.404671, "energy": 49.662262, "activity_lines": [ 28.653042, 28.563811, 27.580776, 26.81589 ] }, { "date": "2026-05-15", "close": 30.71649, "volume": 22321272, "typical_volume": 8103285.1, "trend": 26.04708, "fair_value": 22.103814, "relative_strength": -14.416, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.236883, "energy": 58.502917, "activity_lines": [ 29.349221, 29.015386, 27.962017, 27.135047 ] }, { "date": "2026-05-22", "close": 32.739166, "volume": 19439975, "typical_volume": 8959403.0, "trend": 26.368513, "fair_value": 22.210462, "relative_strength": -10.625981, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.929336, "energy": 73.426557, "activity_lines": [ 30.631818, 29.741497, 28.506997, 27.566795 ] }, { "date": "2026-05-29", "close": 33.0214, "volume": 11318492, "typical_volume": 9327685.75, "trend": 26.691515, "fair_value": 22.318918, "relative_strength": -14.254674, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.516932, "energy": 90.77793, "activity_lines": [ 31.67922, 30.418004, 29.04033, 27.996013 ] }, { "date": "2026-06-05", "close": 34.714806, "volume": 9784934, "typical_volume": 9548696.95, "trend": 27.078803, "fair_value": 22.436907, "relative_strength": -10.041738, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.130925, "energy": 94.473394, "activity_lines": [ 32.974362, 31.323719, 29.695293, 28.513645 ] }, { "date": "2026-06-12", "close": 34.950001, "volume": 9940105, "typical_volume": 9704932.15, "trend": 27.453547, "fair_value": 22.554021, "relative_strength": -7.130266, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.286793, "energy": 93.394249, "activity_lines": [ 33.92455, 32.170422, 30.326512, 29.021464 ] }, { "date": "2026-06-19", "close": 36.690445, "volume": 17474995, "typical_volume": 10326405.6, "trend": 27.845539, "fair_value": 22.677793, "relative_strength": -6.882706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.139853, "energy": 94.797677, "activity_lines": [ 35.078574, 33.218109, 31.077793, 29.617393 ] }, { "date": "2026-06-26", "close": 34.950001, "volume": 19986899, "typical_volume": 11124749.6, "trend": 28.201468, "fair_value": 22.791202, "relative_strength": -7.050623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.007894, "energy": 84.192407, "activity_lines": [ 35.254187, 33.816788, 31.60911, 30.075746 ] }, { "date": "2026-07-03", "close": 38.450001, "volume": 20617066, "typical_volume": 11890088.35, "trend": 28.659951, "fair_value": 22.926518, "relative_strength": -2.238999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.318943, "energy": 80.118788, "activity_lines": [ 36.449077, 34.921831, 32.426497, 30.736941 ] }, { "date": "2026-07-10", "close": 37.849998, "volume": 0, "typical_volume": 11726133.2, "trend": 29.095299, "fair_value": 23.056928, "relative_strength": -0.515744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.557519, "energy": 70.291766, "activity_lines": [ 37.082059, 35.732701, 33.124604, 31.329847 ] }, { "date": "2026-07-17", "close": 36.0, "volume": 10327492, "typical_volume": 11971166.1, "trend": 29.478388, "fair_value": 23.176804, "relative_strength": 0.78191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.61005, "energy": 64.885832, "activity_lines": [ 36.889363, 36.034744, 33.589255, 31.775312 ] }, { "date": "2026-07-24", "close": 35.25, "volume": 9801932, "typical_volume": 12175126.55, "trend": 29.831773, "fair_value": 23.286313, "relative_strength": -3.270164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.011418, "energy": 59.427218, "activity_lines": [ 36.376666, 36.078702, 33.934919, 32.147674 ] }, { "date": "2026-07-31", "close": 34.5, "volume": 12589229, "typical_volume": 12149111.3, "trend": 30.160158, "fair_value": 23.386516, "relative_strength": -3.860963, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.656064, "energy": 41.626146, "activity_lines": [ 35.71, 35.903869, 34.163151, 32.44885 ] }, { "date": "2026-08-07", "close": 35.450001, "volume": 5157923, "typical_volume": 11814575.05, "trend": 30.518641, "fair_value": 23.484603, "relative_strength": -3.381206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.094847, "energy": 31.216093, "activity_lines": [ 35.39, 35.869748, 34.447042, 32.79013 ] }, { "date": "2026-08-14", "close": 38.75, "volume": 9121754, "typical_volume": 11522286.65, "trend": 30.976149, "fair_value": 23.607815, "relative_strength": 2.190762, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.911796, "energy": 43.46313, "activity_lines": [ 36.37, 36.391471, 35.013047, 33.321186 ] } ], "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." } } }