{
  "ticker": {
    "uuid": "f8c80ae4-141d-4b3e-8060-0093f5da4072",
    "symbol": "4192",
    "name": "SynCore Biotechnology Co.,Ltd",
    "exchange": "TWO",
    "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": 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -64.114,
    "architecture_energy": 53.633,
    "architecture_maturity": 13.548,
    "architecture_confidence": 82.795,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 27.65,
        "rotation_up": 13.14,
        "upward_expansion": 9.54,
        "deceleration": 41.28,
        "rotation_down": 66.4,
        "downward_expansion": 85.21
      },
      "activity_lines": [
        19.096667,
        19.500909,
        19.879048,
        20.119355
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 18.75,
    "trend_reference": 20.703333,
    "distance_from_trend": -0.094349,
    "trend_direction": "Weakening",
    "fair_value": 33.012081,
    "distance_from_fair_value": -0.432026,
    "fair_value_direction": "Weakening",
    "relative_strength": -44.120298,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.147727,
    "excess_performance": -0.589099,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.094349,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.083923,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.432026,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.00884,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.441203,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.014309,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.147727,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.684795,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 55000,
      "relative_activity": 1.11779,
      "balance": 1.684795,
      "dry_up": 0.759162,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.070564,
      "annualized_volatility": 0.24078,
      "from_high_reference": -0.367622,
      "from_low_reference": 0.038781
    },
    "levels": {
      "trend_reference": 20.703333,
      "fair_value_reference": 33.012081,
      "structural_low": 18.049999,
      "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": 49,
        "median_return": -0.028329,
        "positive_rate": 0.306122,
        "directional_follow_through": 0.693878,
        "median_excess_return": -0.029793,
        "regime_survival": 0.918367,
        "best_return": 0.416894,
        "worst_return": -0.28556,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 16,
        "median_return": -0.090146,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.179412,
        "regime_survival": 0.8125,
        "best_return": 0.434426,
        "worst_return": -0.34828,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": -0.166274,
        "positive_rate": 0.125,
        "directional_follow_through": 0.875,
        "median_excess_return": -0.222018,
        "regime_survival": 0.875,
        "best_return": 0.165333,
        "worst_return": -0.481386,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.239188,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.525542,
        "regime_survival": 1.0,
        "best_return": -0.090667,
        "worst_return": -0.600892,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2022-04-29",
        "end": "2022-06-03",
        "tenure": "Developing",
        "return": -0.171508,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2022-06-10",
        "end": "2022-06-17",
        "tenure": "New",
        "return": -0.011785,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2022-06-24",
        "end": "2022-09-02",
        "tenure": "Developing",
        "return": 0.127846,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2022-09-09",
        "end": "2022-10-14",
        "tenure": "Developing",
        "return": -0.133443,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2022-10-21",
        "end": "2024-03-22",
        "tenure": "Extended",
        "return": -0.622078,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-29",
        "end": "2024-03-29",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-04-05",
        "end": "2024-04-19",
        "tenure": "New",
        "return": 0.119617,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-26",
        "end": "2024-05-24",
        "tenure": "Developing",
        "return": -0.155238,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-31",
        "end": "2024-07-12",
        "tenure": "Developing",
        "return": -0.011312,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-19",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.107143,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-23",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": -0.04321,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-27",
        "end": "2026-06-26",
        "tenure": "Extended",
        "return": -0.483204,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.063415,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-31",
        "end": "2026-08-14",
        "tenure": "New",
        "return": -0.038462,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 47.252071,
        "volume": 34536,
        "typical_volume": 59670.5,
        "trend": 72.206057,
        "fair_value": 155.937591,
        "relative_strength": -49.277839,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.580674,
        "energy": 88.681214,
        "activity_lines": [
          47.448956,
          52.399416,
          58.812379,
          64.211793
        ]
      },
      {
        "date": "2023-08-18",
        "close": 48.728699,
        "volume": 2030,
        "typical_volume": 57397.45,
        "trend": 70.821185,
        "fair_value": 154.544606,
        "relative_strength": -46.363321,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.243353,
        "energy": 75.318673,
        "activity_lines": [
          47.777095,
          50.993142,
          57.411417,
          62.697125
        ]
      },
      {
        "date": "2023-08-25",
        "close": 48.13805,
        "volume": 17267,
        "typical_volume": 57419.5,
        "trend": 69.367496,
        "fair_value": 152.772279,
        "relative_strength": -46.522747,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.330222,
        "energy": 66.320713,
        "activity_lines": [
          47.908351,
          49.812798,
          56.068698,
          61.233697
        ]
      },
      {
        "date": "2023-09-01",
        "close": 48.187271,
        "volume": 18283,
        "typical_volume": 53095.9,
        "trend": 67.731213,
        "fair_value": 151.215208,
        "relative_strength": -46.056877,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.317014,
        "energy": 64.225394,
        "activity_lines": [
          48.06914,
          48.925168,
          54.848851,
          59.867231
        ]
      },
      {
        "date": "2023-09-08",
        "close": 48.236492,
        "volume": 23362,
        "typical_volume": 50749.55,
        "trend": 66.194829,
        "fair_value": 149.705692,
        "relative_strength": -44.752574,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.021501,
        "energy": 61.516356,
        "activity_lines": [
          48.203678,
          48.332706,
          53.743746,
          58.609507
        ]
      },
      {
        "date": "2023-09-15",
        "close": 47.64584,
        "volume": 14219,
        "typical_volume": 49126.65,
        "trend": 64.71245,
        "fair_value": 148.130978,
        "relative_strength": -45.57721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.775105,
        "energy": 58.63745,
        "activity_lines": [
          48.049452,
          47.948325,
          52.689577,
          57.412798
        ]
      },
      {
        "date": "2023-09-22",
        "close": 47.547398,
        "volume": 19298,
        "typical_volume": 48829.7,
        "trend": 63.312766,
        "fair_value": 146.76585,
        "relative_strength": -42.783899,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.728137,
        "energy": 59.663135,
        "activity_lines": [
          47.836161,
          47.872256,
          51.746561,
          56.305375
        ]
      },
      {
        "date": "2023-09-29",
        "close": 44.298817,
        "volume": 29457,
        "typical_volume": 46584.6,
        "trend": 61.767949,
        "fair_value": 145.561769,
        "relative_strength": -45.717437,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.71079,
        "energy": 65.862025,
        "activity_lines": [
          46.618763,
          47.227015,
          50.60989,
          55.078669
        ]
      },
      {
        "date": "2023-10-06",
        "close": 41.200001,
        "volume": 72869,
        "typical_volume": 47785.6,
        "trend": 60.132121,
        "fair_value": 144.262241,
        "relative_strength": -49.009728,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.165051,
        "energy": 68.650918,
        "activity_lines": [
          44.624376,
          46.091736,
          49.29175,
          53.751704
        ]
      },
      {
        "date": "2023-10-13",
        "close": 41.799999,
        "volume": 4000,
        "typical_volume": 45326.1,
        "trend": 58.546998,
        "fair_value": 143.105916,
        "relative_strength": -48.020193,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.231761,
        "energy": 90.510389,
        "activity_lines": [
          43.295806,
          45.180955,
          48.153024,
          52.568987
        ]
      },
      {
        "date": "2023-10-20",
        "close": 40.150002,
        "volume": 53000,
        "typical_volume": 44149.6,
        "trend": 57.490284,
        "fair_value": 141.955548,
        "relative_strength": -48.003068,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.708805,
        "energy": 93.536355,
        "activity_lines": [
          41.846336,
          44.062144,
          46.974817,
          51.382084
        ]
      },
      {
        "date": "2023-10-27",
        "close": 42.0,
        "volume": 41000,
        "typical_volume": 43567.25,
        "trend": 56.464531,
        "fair_value": 140.850107,
        "relative_strength": -43.396521,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.188103,
        "energy": 87.651226,
        "activity_lines": [
          41.513255,
          43.408824,
          46.114985,
          50.382711
        ]
      },
      {
        "date": "2023-11-03",
        "close": 36.200001,
        "volume": 313000,
        "typical_volume": 53613.1,
        "trend": 55.239303,
        "fair_value": 139.806689,
        "relative_strength": -51.355117,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -89.798386,
        "energy": 94.544208,
        "activity_lines": [
          39.616667,
          41.8233,
          44.822112,
          49.075321
        ]
      },
      {
        "date": "2023-11-10",
        "close": 36.299999,
        "volume": 78000,
        "typical_volume": 53835.8,
        "trend": 54.07268,
        "fair_value": 138.839496,
        "relative_strength": -50.65738,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.51765,
        "energy": 74.556879,
        "activity_lines": [
          38.293333,
          40.473012,
          43.66993,
          47.853431
        ]
      },
      {
        "date": "2023-11-17",
        "close": 35.549999,
        "volume": 77000,
        "typical_volume": 54442.75,
        "trend": 52.899479,
        "fair_value": 137.926545,
        "relative_strength": -52.141934,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.35578,
        "energy": 72.269004,
        "activity_lines": [
          37.046666,
          39.202492,
          42.577888,
          46.658419
        ]
      },
      {
        "date": "2023-11-24",
        "close": 35.599998,
        "volume": 43000,
        "typical_volume": 56592.75,
        "trend": 51.654252,
        "fair_value": 137.019819,
        "relative_strength": -51.423907,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.231465,
        "energy": 80.34025,
        "activity_lines": [
          36.233332,
          38.171727,
          41.633643,
          45.542324
        ]
      },
      {
        "date": "2023-12-01",
        "close": 36.799999,
        "volume": 34000,
        "typical_volume": 49353.55,
        "trend": 50.485871,
        "fair_value": 136.191644,
        "relative_strength": -49.365747,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.764687,
        "energy": 74.436378,
        "activity_lines": [
          36.123332,
          37.57816,
          40.946481,
          44.583985
        ]
      },
      {
        "date": "2023-12-08",
        "close": 37.150002,
        "volume": 41000,
        "typical_volume": 47797.45,
        "trend": 49.45198,
        "fair_value": 135.189746,
        "relative_strength": -47.516292,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.022297,
        "energy": 65.678731,
        "activity_lines": [
          36.476666,
          37.243636,
          40.349456,
          43.723606
        ]
      },
      {
        "date": "2023-12-15",
        "close": 37.799999,
        "volume": 44000,
        "typical_volume": 48727.8,
        "trend": 48.482744,
        "fair_value": 134.248702,
        "relative_strength": -46.313494,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.636168,
        "energy": 60.722493,
        "activity_lines": [
          36.983333,
          37.157272,
          39.867597,
          42.971865
        ]
      },
      {
        "date": "2023-12-22",
        "close": 38.5,
        "volume": 31000,
        "typical_volume": 49516.05,
        "trend": 47.549123,
        "fair_value": 133.372376,
        "relative_strength": -43.868205,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.179679,
        "energy": 47.979103,
        "activity_lines": [
          37.623333,
          37.26,
          39.498821,
          42.327817
        ]
      },
      {
        "date": "2023-12-29",
        "close": 38.400002,
        "volume": 46000,
        "typical_volume": 50089.25,
        "trend": 46.495487,
        "fair_value": 132.534381,
        "relative_strength": -43.800698,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.394141,
        "energy": 41.385796,
        "activity_lines": [
          38.033334,
          37.404546,
          39.160323,
          41.737552
        ]
      },
      {
        "date": "2024-01-05",
        "close": 38.299999,
        "volume": 22000,
        "typical_volume": 51087.75,
        "trend": 45.536776,
        "fair_value": 131.699288,
        "relative_strength": -41.316846,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.780577,
        "energy": 38.212695,
        "activity_lines": [
          38.223334,
          37.562727,
          38.854454,
          41.20881
        ]
      },
      {
        "date": "2024-01-12",
        "close": 37.5,
        "volume": 13000,
        "typical_volume": 50874.4,
        "trend": 44.66194,
        "fair_value": 130.872058,
        "relative_strength": -41.18736,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.140466,
        "energy": 36.902188,
        "activity_lines": [
          38.046667,
          37.642727,
          38.522055,
          40.690309
        ]
      },
      {
        "date": "2024-01-19",
        "close": 37.599998,
        "volume": 13014,
        "typical_volume": 50610.95,
        "trend": 43.784295,
        "fair_value": 130.010039,
        "relative_strength": -40.344328,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.059801,
        "energy": 41.345652,
        "activity_lines": [
          37.879999,
          37.717272,
          38.249836,
          40.2347
        ]
      },
      {
        "date": "2024-01-26",
        "close": 36.599998,
        "volume": 23000,
        "typical_volume": 50592.85,
        "trend": 42.818047,
        "fair_value": 129.18885,
        "relative_strength": -41.648731,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.195844,
        "energy": 54.600075,
        "activity_lines": [
          37.393332,
          37.586363,
          37.932795,
          39.771196
        ]
      },
      {
        "date": "2024-02-02",
        "close": 37.099998,
        "volume": 12000,
        "typical_volume": 50481.9,
        "trend": 41.868466,
        "fair_value": 128.434639,
        "relative_strength": -39.672783,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.941058,
        "energy": 71.484518,
        "activity_lines": [
          37.199998,
          37.527272,
          37.718785,
          39.40229
        ]
      },
      {
        "date": "2024-02-09",
        "close": 36.849998,
        "volume": 3000,
        "typical_volume": 49667.0,
        "trend": 41.472509,
        "fair_value": 127.726065,
        "relative_strength": -38.81138,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.827065,
        "energy": 79.056946,
        "activity_lines": [
          37.009998,
          37.395453,
          37.531184,
          39.078518
        ]
      },
      {
        "date": "2024-02-16",
        "close": 36.5,
        "volume": 9000,
        "typical_volume": 48644.15,
        "trend": 41.078011,
        "fair_value": 127.016428,
        "relative_strength": -39.666769,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.042299,
        "energy": 81.166087,
        "activity_lines": [
          36.799999,
          37.19909,
          37.36119,
          38.757711
        ]
      },
      {
        "date": "2024-02-23",
        "close": 37.849998,
        "volume": 28000,
        "typical_volume": 46400.7,
        "trend": 40.754765,
        "fair_value": 126.245767,
        "relative_strength": -36.962914,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.251827,
        "energy": 48.286203,
        "activity_lines": [
          37.106665,
          37.259999,
          37.356904,
          38.549452
        ]
      },
      {
        "date": "2024-03-01",
        "close": 37.799999,
        "volume": 36000,
        "typical_volume": 48000.7,
        "trend": 40.452821,
        "fair_value": 125.321257,
        "relative_strength": -35.71949,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.029694,
        "energy": 34.579536,
        "activity_lines": [
          37.379999,
          37.310908,
          37.363809,
          38.358822
        ]
      },
      {
        "date": "2024-03-08",
        "close": 36.549999,
        "volume": 42000,
        "typical_volume": 47450.7,
        "trend": 40.096085,
        "fair_value": 124.34858,
        "relative_strength": -39.015342,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.344235,
        "energy": 34.800104,
        "activity_lines": [
          37.156666,
          37.147271,
          37.270713,
          38.107027
        ]
      },
      {
        "date": "2024-03-15",
        "close": 36.700001,
        "volume": 35000,
        "typical_volume": 47150.7,
        "trend": 39.695129,
        "fair_value": 123.379227,
        "relative_strength": -36.875154,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.835,
        "energy": 32.722648,
        "activity_lines": [
          37.02,
          37.044545,
          37.209047,
          37.887925
        ]
      },
      {
        "date": "2024-03-22",
        "close": 37.25,
        "volume": 160000,
        "typical_volume": 39500.7,
        "trend": 39.332194,
        "fair_value": 122.408676,
        "relative_strength": -36.554058,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.282865,
        "energy": 24.531227,
        "activity_lines": [
          37.076666,
          37.070908,
          37.224999,
          37.730175
        ]
      },
      {
        "date": "2024-03-29",
        "close": 38.200001,
        "volume": 50000,
        "typical_volume": 38100.7,
        "trend": 38.999285,
        "fair_value": 121.477282,
        "relative_strength": -33.964615,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -23.115801,
        "energy": 14.609323,
        "activity_lines": [
          37.4,
          37.274545,
          37.326428,
          37.65713
        ]
      },
      {
        "date": "2024-04-05",
        "close": 41.799999,
        "volume": 139000,
        "typical_volume": 41200.7,
        "trend": 38.784735,
        "fair_value": 120.505191,
        "relative_strength": -26.631699,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 40.241282,
        "energy": 32.956573,
        "activity_lines": [
          38.9,
          38.121818,
          37.761666,
          37.837821
        ]
      },
      {
        "date": "2024-04-12",
        "close": 52.0,
        "volume": 1469000,
        "typical_volume": 112500.7,
        "trend": 38.929873,
        "fair_value": 119.546522,
        "relative_strength": -9.25841,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 63.466465,
        "energy": 79.973502,
        "activity_lines": [
          43.533333,
          40.729091,
          39.138571,
          38.690419
        ]
      },
      {
        "date": "2024-04-19",
        "close": 46.799999,
        "volume": 284000,
        "typical_volume": 125000.7,
        "trend": 38.90496,
        "fair_value": 118.568691,
        "relative_strength": -11.964878,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 74.608249,
        "energy": 86.695493,
        "activity_lines": [
          45.403333,
          42.12,
          39.942142,
          39.198169
        ]
      },
      {
        "date": "2024-04-26",
        "close": 52.5,
        "volume": 341000,
        "typical_volume": 140000.7,
        "trend": 39.178333,
        "fair_value": 117.591969,
        "relative_strength": -2.730342,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.125365,
        "energy": 95.35908,
        "activity_lines": [
          48.5,
          44.366363,
          41.240952,
          40.075268
        ]
      },
      {
        "date": "2024-05-03",
        "close": 48.200001,
        "volume": 281000,
        "typical_volume": 151850.7,
        "trend": 39.411666,
        "fair_value": 116.592406,
        "relative_strength": -10.184668,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.539571,
        "energy": 86.080578,
        "activity_lines": [
          49.146667,
          45.54,
          42.057142,
          40.657311
        ]
      },
      {
        "date": "2024-05-10",
        "close": 45.799999,
        "volume": 83000,
        "typical_volume": 154450.7,
        "trend": 39.545,
        "fair_value": 115.565649,
        "relative_strength": -14.861105,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.147343,
        "energy": 58.072557,
        "activity_lines": [
          48.326666,
          46.089091,
          42.595238,
          41.069462
        ]
      },
      {
        "date": "2024-05-17",
        "close": 45.700001,
        "volume": 71000,
        "typical_volume": 155700.7,
        "trend": 39.73,
        "fair_value": 114.651627,
        "relative_strength": -16.009237,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.236306,
        "energy": 49.33129,
        "activity_lines": [
          47.206667,
          46.474546,
          43.089047,
          41.466559
        ]
      },
      {
        "date": "2024-05-24",
        "close": 44.349998,
        "volume": 122000,
        "typical_volume": 160700.7,
        "trend": 39.808333,
        "fair_value": 113.6699,
        "relative_strength": -18.441156,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 43.589495,
        "energy": 30.559194,
        "activity_lines": [
          46.056666,
          46.448181,
          43.419523,
          41.764623
        ]
      },
      {
        "date": "2024-05-31",
        "close": 44.200001,
        "volume": 59000,
        "typical_volume": 163000.7,
        "trend": 40.074999,
        "fair_value": 112.760434,
        "relative_strength": -15.866193,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.413536,
        "energy": 22.168555,
        "activity_lines": [
          45.02,
          46.255454,
          43.706905,
          42.047957
        ]
      },
      {
        "date": "2024-06-07",
        "close": 45.849998,
        "volume": 115000,
        "typical_volume": 168100.0,
        "trend": 40.393333,
        "fair_value": 111.870993,
        "relative_strength": -14.211204,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.213061,
        "energy": 20.221668,
        "activity_lines": [
          45.086666,
          46.236363,
          44.119523,
          42.420537
        ]
      },
      {
        "date": "2024-06-14",
        "close": 44.150002,
        "volume": 84000,
        "typical_volume": 171150.0,
        "trend": 40.68,
        "fair_value": 110.975378,
        "relative_strength": -18.66083,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.966916,
        "energy": 18.892253,
        "activity_lines": [
          44.743333,
          45.769091,
          44.330952,
          42.662903
        ]
      },
      {
        "date": "2024-06-21",
        "close": 43.5,
        "volume": 68000,
        "typical_volume": 173950.0,
        "trend": 40.943333,
        "fair_value": 110.066148,
        "relative_strength": -21.280195,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.537646,
        "energy": 17.071086,
        "activity_lines": [
          44.293333,
          45.140909,
          44.444524,
          42.844838
        ]
      },
      {
        "date": "2024-06-28",
        "close": 47.0,
        "volume": 178000,
        "typical_volume": 182700.0,
        "trend": 41.283333,
        "fair_value": 109.204155,
        "relative_strength": -12.834192,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.623967,
        "energy": 21.347552,
        "activity_lines": [
          45.156667,
          45.303636,
          44.860952,
          43.235591
        ]
      },
      {
        "date": "2024-07-05",
        "close": 45.650002,
        "volume": 120000,
        "typical_volume": 188250.0,
        "trend": 41.566666,
        "fair_value": 108.337051,
        "relative_strength": -15.841136,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.942759,
        "energy": 21.593153,
        "activity_lines": [
          45.393334,
          45.217273,
          45.100476,
          43.517312
        ]
      },
      {
        "date": "2024-07-12",
        "close": 43.700001,
        "volume": 52000,
        "typical_volume": 189450.0,
        "trend": 41.763333,
        "fair_value": 107.448,
        "relative_strength": -19.986883,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.295969,
        "energy": 14.332755,
        "activity_lines": [
          44.883334,
          44.90091,
          45.110715,
          43.654946
        ]
      },
      {
        "date": "2024-07-19",
        "close": 44.799999,
        "volume": 106000,
        "typical_volume": 192950.0,
        "trend": 41.973333,
        "fair_value": 106.595524,
        "relative_strength": -13.575204,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 33.891538,
        "energy": 20.277453,
        "activity_lines": [
          44.883334,
          44.866364,
          45.197857,
          43.85086
        ]
      },
      {
        "date": "2024-07-26",
        "close": 45.0,
        "volume": 28000,
        "typical_volume": 192250.0,
        "trend": 42.193333,
        "fair_value": 105.788027,
        "relative_strength": -9.697818,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.928274,
        "energy": 16.551683,
        "activity_lines": [
          44.906667,
          44.886364,
          45.270714,
          44.046129
        ]
      },
      {
        "date": "2024-08-02",
        "close": 44.25,
        "volume": 26000,
        "typical_volume": 191800.0,
        "trend": 42.391666,
        "fair_value": 104.929664,
        "relative_strength": -8.65384,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 19.830222,
        "energy": 12.577395,
        "activity_lines": [
          44.58,
          44.782728,
          45.231905,
          44.178817
        ]
      },
      {
        "date": "2024-08-09",
        "close": 41.0,
        "volume": 104000,
        "typical_volume": 189000.0,
        "trend": 42.508333,
        "fair_value": 103.997323,
        "relative_strength": -14.004436,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -7.488733,
        "energy": 18.860807,
        "activity_lines": [
          43.353333,
          44.09,
          44.847619,
          44.089032
        ]
      },
      {
        "date": "2024-08-16",
        "close": 40.0,
        "volume": 52000,
        "typical_volume": 189100.0,
        "trend": 42.588333,
        "fair_value": 102.335806,
        "relative_strength": -18.571078,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -33.527491,
        "energy": 45.654208,
        "activity_lines": [
          42.103333,
          43.273637,
          44.350238,
          43.927204
        ]
      },
      {
        "date": "2024-08-23",
        "close": 40.5,
        "volume": 49000,
        "typical_volume": 184600.0,
        "trend": 42.718333,
        "fair_value": 100.44602,
        "relative_strength": -16.038605,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.943626,
        "energy": 52.029877,
        "activity_lines": [
          41.266667,
          42.654546,
          43.891905,
          43.792473
        ]
      },
      {
        "date": "2024-08-30",
        "close": 39.599998,
        "volume": 18000,
        "typical_volume": 112050.0,
        "trend": 42.801666,
        "fair_value": 98.666201,
        "relative_strength": -17.496226,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.262872,
        "energy": 63.485125,
        "activity_lines": [
          40.416666,
          41.938182,
          43.354048,
          43.59129
        ]
      },
      {
        "date": "2024-09-06",
        "close": 39.25,
        "volume": 22000,
        "typical_volume": 98950.0,
        "trend": 42.881667,
        "fair_value": 96.827452,
        "relative_strength": -14.222237,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.242761,
        "energy": 67.567889,
        "activity_lines": [
          39.809999,
          41.229091,
          42.841905,
          43.36215
        ]
      },
      {
        "date": "2024-09-13",
        "close": 39.900002,
        "volume": 20000,
        "typical_volume": 82900.0,
        "trend": 42.995,
        "fair_value": 94.973974,
        "relative_strength": -13.335157,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.028656,
        "energy": 62.114389,
        "activity_lines": [
          39.753334,
          40.779091,
          42.427619,
          43.169785
        ]
      },
      {
        "date": "2024-09-20",
        "close": 38.75,
        "volume": 26000,
        "typical_volume": 70150.0,
        "trend": 43.025,
        "fair_value": 93.113124,
        "relative_strength": -16.470473,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -70.391794,
        "energy": 72.278428,
        "activity_lines": [
          39.386667,
          40.224546,
          41.96381,
          42.895914
        ]
      },
      {
        "date": "2024-09-27",
        "close": 38.700001,
        "volume": 42000,
        "typical_volume": 68100.0,
        "trend": 43.055,
        "fair_value": 90.904742,
        "relative_strength": -18.242123,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.146516,
        "energy": 74.535048,
        "activity_lines": [
          39.086667,
          39.750909,
          41.540238,
          42.616882
        ]
      },
      {
        "date": "2024-10-04",
        "close": 38.400002,
        "volume": 38000,
        "typical_volume": 66450.0,
        "trend": 43.116667,
        "fair_value": 88.35195,
        "relative_strength": -16.385565,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.970735,
        "energy": 73.949498,
        "activity_lines": [
          38.806668,
          39.333637,
          41.121905,
          42.316559
        ]
      },
      {
        "date": "2024-10-11",
        "close": 38.349998,
        "volume": 17000,
        "typical_volume": 61200.0,
        "trend": 43.171667,
        "fair_value": 85.208343,
        "relative_strength": -18.053721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.652907,
        "energy": 70.678304,
        "activity_lines": [
          38.59,
          39.027273,
          40.733572,
          42.009032
        ]
      },
      {
        "date": "2024-10-18",
        "close": 37.299999,
        "volume": 17000,
        "typical_volume": 59100.0,
        "trend": 43.173333,
        "fair_value": 82.518591,
        "relative_strength": -21.655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.187397,
        "energy": 77.929303,
        "activity_lines": [
          38.083333,
          38.637273,
          40.27381,
          41.630215
        ]
      },
      {
        "date": "2024-10-25",
        "close": 37.0,
        "volume": 24000,
        "typical_volume": 54550.0,
        "trend": 43.133333,
        "fair_value": 79.673387,
        "relative_strength": -21.060364,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.494381,
        "energy": 75.677441,
        "activity_lines": [
          37.65,
          38.26,
          39.818333,
          41.231936
        ]
      },
      {
        "date": "2024-11-01",
        "close": 37.75,
        "volume": 22000,
        "typical_volume": 51450.0,
        "trend": 42.998333,
        "fair_value": 77.021949,
        "relative_strength": -17.024878,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.895405,
        "energy": 59.535008,
        "activity_lines": [
          37.583333,
          38.073636,
          39.476429,
          40.884624
        ]
      },
      {
        "date": "2024-11-08",
        "close": 38.799999,
        "volume": 36000,
        "typical_volume": 49850.0,
        "trend": 42.558333,
        "fair_value": 75.553508,
        "relative_strength": -17.096757,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.375851,
        "energy": 61.244448,
        "activity_lines": [
          37.929999,
          38.128182,
          39.265,
          40.613763
        ]
      },
      {
        "date": "2024-11-15",
        "close": 36.650002,
        "volume": 54000,
        "typical_volume": 43650.0,
        "trend": 42.22,
        "fair_value": 74.771611,
        "relative_strength": -18.539554,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.654332,
        "energy": 61.019383,
        "activity_lines": [
          37.533334,
          37.806364,
          38.871191,
          40.232581
        ]
      },
      {
        "date": "2024-11-22",
        "close": 36.299999,
        "volume": 58780,
        "typical_volume": 40589.0,
        "trend": 41.68,
        "fair_value": 74.106751,
        "relative_strength": -19.515363,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.213544,
        "energy": 61.185048,
        "activity_lines": [
          37.133333,
          37.468182,
          38.493333,
          39.850645
        ]
      },
      {
        "date": "2024-11-29",
        "close": 35.25,
        "volume": 15000,
        "typical_volume": 38739.0,
        "trend": 41.248333,
        "fair_value": 73.501296,
        "relative_strength": -19.174284,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.474908,
        "energy": 71.94425,
        "activity_lines": [
          36.45,
          37.004545,
          38.06,
          39.435806
        ]
      },
      {
        "date": "2024-12-06",
        "close": 35.599998,
        "volume": 16000,
        "typical_volume": 34239.0,
        "trend": 40.908333,
        "fair_value": 72.894542,
        "relative_strength": -21.18173,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.908918,
        "energy": 76.027795,
        "activity_lines": [
          35.999999,
          36.668181,
          37.700238,
          39.071398
        ]
      },
      {
        "date": "2024-12-13",
        "close": 35.400002,
        "volume": 49000,
        "typical_volume": 35289.0,
        "trend": 40.565,
        "fair_value": 72.38807,
        "relative_strength": -20.564815,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.588583,
        "energy": 79.009289,
        "activity_lines": [
          35.626667,
          36.351818,
          37.365238,
          38.716022
        ]
      },
      {
        "date": "2024-12-20",
        "close": 34.299999,
        "volume": 29000,
        "typical_volume": 35439.0,
        "trend": 40.23,
        "fair_value": 71.781249,
        "relative_strength": -20.7658,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.576124,
        "energy": 84.615655,
        "activity_lines": [
          35.113333,
          35.89,
          36.97119,
          38.311828
        ]
      },
      {
        "date": "2024-12-27",
        "close": 34.599998,
        "volume": 52000,
        "typical_volume": 32839.0,
        "trend": 39.91,
        "fair_value": 71.216505,
        "relative_strength": -22.191561,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.255933,
        "energy": 73.98932,
        "activity_lines": [
          34.856666,
          35.556363,
          36.653095,
          37.948602
        ]
      },
      {
        "date": "2025-01-03",
        "close": 34.549999,
        "volume": 19000,
        "typical_volume": 31189.0,
        "trend": 39.533333,
        "fair_value": 70.684508,
        "relative_strength": -20.515546,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.698599,
        "energy": 63.08215,
        "activity_lines": [
          34.696666,
          35.262727,
          36.360714,
          37.602795
        ]
      },
      {
        "date": "2025-01-10",
        "close": 34.099998,
        "volume": 28000,
        "typical_volume": 30139.0,
        "trend": 39.198333,
        "fair_value": 70.153169,
        "relative_strength": -21.378378,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.768492,
        "energy": 66.152748,
        "activity_lines": [
          34.433332,
          34.931817,
          36.051428,
          37.252258
        ]
      },
      {
        "date": "2025-01-17",
        "close": 34.25,
        "volume": 47000,
        "typical_volume": 31589.0,
        "trend": 38.89,
        "fair_value": 69.64523,
        "relative_strength": -20.97563,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.788981,
        "energy": 57.018368,
        "activity_lines": [
          34.319999,
          34.694545,
          35.786904,
          36.93301
        ]
      },
      {
        "date": "2025-01-24",
        "close": 34.849998,
        "volume": 20000,
        "typical_volume": 31489.0,
        "trend": 38.485,
        "fair_value": 69.174206,
        "relative_strength": -20.429407,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.147542,
        "energy": 49.591508,
        "activity_lines": [
          34.483332,
          34.64909,
          35.604999,
          36.672365
        ]
      },
      {
        "date": "2025-02-07",
        "close": 36.200001,
        "volume": 50129,
        "typical_volume": 32995.45,
        "trend": 38.17,
        "fair_value": 68.721283,
        "relative_strength": -16.740383,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.365633,
        "energy": 32.005522,
        "activity_lines": [
          35.059999,
          34.881817,
          35.572619,
          36.524946
        ]
      },
      {
        "date": "2025-02-14",
        "close": 35.400002,
        "volume": 43534,
        "typical_volume": 33872.15,
        "trend": 37.893333,
        "fair_value": 68.262051,
        "relative_strength": -16.997818,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.014,
        "energy": 24.023112,
        "activity_lines": [
          35.263334,
          34.970909,
          35.481666,
          36.346236
        ]
      },
      {
        "date": "2025-02-21",
        "close": 35.299999,
        "volume": 30373,
        "typical_volume": 33290.8,
        "trend": 37.576666,
        "fair_value": 67.70888,
        "relative_strength": -18.845399,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.292944,
        "energy": 19.992667,
        "activity_lines": [
          35.376667,
          35.039091,
          35.397142,
          36.178924
        ]
      },
      {
        "date": "2025-02-28",
        "close": 35.599998,
        "volume": 11549,
        "typical_volume": 31968.25,
        "trend": 37.263333,
        "fair_value": 67.182433,
        "relative_strength": -15.343794,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.954557,
        "energy": 19.344154,
        "activity_lines": [
          35.509999,
          35.167272,
          35.35738,
          36.051397
        ]
      },
      {
        "date": "2025-03-07",
        "close": 34.299999,
        "volume": 46276,
        "typical_volume": 33432.05,
        "trend": 36.931666,
        "fair_value": 66.50239,
        "relative_strength": -16.290569,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.83855,
        "energy": 25.051672,
        "activity_lines": [
          35.119999,
          35.055454,
          35.207142,
          35.860215
        ]
      },
      {
        "date": "2025-03-14",
        "close": 34.549999,
        "volume": 50576,
        "typical_volume": 35110.85,
        "trend": 36.716666,
        "fair_value": 65.834579,
        "relative_strength": -13.093843,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.031607,
        "energy": 29.932615,
        "activity_lines": [
          34.849999,
          34.98909,
          35.099999,
          35.706559
        ]
      },
      {
        "date": "2025-03-21",
        "close": 34.299999,
        "volume": 46567,
        "typical_volume": 36239.2,
        "trend": 36.526666,
        "fair_value": 65.219491,
        "relative_strength": -14.367744,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.219037,
        "energy": 32.837735,
        "activity_lines": [
          34.606666,
          34.878181,
          34.982142,
          35.550645
        ]
      },
      {
        "date": "2025-03-28",
        "close": 33.5,
        "volume": 28317,
        "typical_volume": 36555.05,
        "trend": 36.293333,
        "fair_value": 64.61699,
        "relative_strength": -13.750683,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.183268,
        "energy": 48.084571,
        "activity_lines": [
          34.169999,
          34.626363,
          34.800952,
          35.355376
        ]
      },
      {
        "date": "2025-04-04",
        "close": 32.150002,
        "volume": 19227,
        "typical_volume": 35716.4,
        "trend": 36.045,
        "fair_value": 63.944423,
        "relative_strength": -15.706233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.412424,
        "energy": 67.861076,
        "activity_lines": [
          33.403334,
          34.14,
          34.511428,
          35.088064
        ]
      },
      {
        "date": "2025-04-11",
        "close": 27.049999,
        "volume": 66358,
        "typical_volume": 36334.3,
        "trend": 35.638333,
        "fair_value": 63.217907,
        "relative_strength": -22.091115,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -93.956267,
        "energy": 87.613776,
        "activity_lines": [
          31.166667,
          32.764545,
          33.767857,
          34.507742
        ]
      },
      {
        "date": "2025-04-18",
        "close": 29.0,
        "volume": 30514,
        "typical_volume": 34921.0,
        "trend": 35.275,
        "fair_value": 62.455469,
        "relative_strength": -14.967619,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.976112,
        "energy": 86.282785,
        "activity_lines": [
          30.063333,
          31.885454,
          33.255714,
          34.079462
        ]
      },
      {
        "date": "2025-04-25",
        "close": 29.549999,
        "volume": 27000,
        "typical_volume": 35521.0,
        "trend": 34.968333,
        "fair_value": 61.78277,
        "relative_strength": -14.587961,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.076461,
        "energy": 84.172743,
        "activity_lines": [
          29.513333,
          31.237272,
          32.830714,
          33.710107
        ]
      },
      {
        "date": "2025-05-02",
        "close": 30.0,
        "volume": 18534,
        "typical_volume": 35647.7,
        "trend": 34.678333,
        "fair_value": 61.121222,
        "relative_strength": -16.021949,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.555391,
        "energy": 81.598883,
        "activity_lines": [
          29.43,
          30.777272,
          32.475714,
          33.389569
        ]
      },
      {
        "date": "2025-05-09",
        "close": 30.0,
        "volume": 17815,
        "typical_volume": 34088.45,
        "trend": 34.398333,
        "fair_value": 60.459674,
        "relative_strength": -15.64953,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.956017,
        "energy": 68.824007,
        "activity_lines": [
          29.58,
          30.413636,
          32.147381,
          33.087742
        ]
      },
      {
        "date": "2025-05-16",
        "close": 29.1,
        "volume": 35924,
        "typical_volume": 34434.65,
        "trend": 34.09,
        "fair_value": 59.81952,
        "relative_strength": -20.871533,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.32625,
        "energy": 55.551258,
        "activity_lines": [
          29.573333,
          29.988182,
          31.759047,
          32.745914
        ]
      },
      {
        "date": "2025-05-23",
        "close": 28.950001,
        "volume": 17130,
        "typical_volume": 32691.15,
        "trend": 33.811666,
        "fair_value": 59.19848,
        "relative_strength": -19.839233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.156038,
        "energy": 53.316505,
        "activity_lines": [
          29.38,
          29.63,
          31.38119,
          32.414301
        ]
      },
      {
        "date": "2025-05-30",
        "close": 29.0,
        "volume": 17297,
        "typical_volume": 32606.0,
        "trend": 33.545,
        "fair_value": 58.65925,
        "relative_strength": -17.89292,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.671472,
        "energy": 50.490559,
        "activity_lines": [
          29.206667,
          29.382727,
          31.035,
          32.103871
        ]
      },
      {
        "date": "2025-06-06",
        "close": 29.0,
        "volume": 1000,
        "typical_volume": 31256.0,
        "trend": 33.253333,
        "fair_value": 58.125925,
        "relative_strength": -18.370469,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.705796,
        "energy": 51.505282,
        "activity_lines": [
          29.07,
          29.231818,
          30.715238,
          31.810645
        ]
      },
      {
        "date": "2025-06-13",
        "close": 29.799999,
        "volume": 43921,
        "typical_volume": 31102.05,
        "trend": 32.953333,
        "fair_value": 57.609538,
        "relative_strength": -16.957546,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.194182,
        "energy": 44.446039,
        "activity_lines": [
          29.266666,
          29.308182,
          30.495952,
          31.587849
        ]
      },
      {
        "date": "2025-06-20",
        "close": 27.799999,
        "volume": 51282,
        "typical_volume": 32666.15,
        "trend": 32.658333,
        "fair_value": 57.086235,
        "relative_strength": -21.786899,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.544321,
        "energy": 49.539541,
        "activity_lines": [
          28.809999,
          29.063636,
          30.107381,
          31.255376
        ]
      },
      {
        "date": "2025-06-27",
        "close": 28.200001,
        "volume": 33137,
        "typical_volume": 31816.55,
        "trend": 32.388333,
        "fair_value": 56.573763,
        "relative_strength": -21.960209,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.692941,
        "energy": 46.281847,
        "activity_lines": [
          28.573333,
          28.878182,
          29.790476,
          30.967742
        ]
      },
      {
        "date": "2025-07-04",
        "close": 28.0,
        "volume": 3269,
        "typical_volume": 29803.3,
        "trend": 32.146666,
        "fair_value": 56.078905,
        "relative_strength": -21.649639,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.696515,
        "energy": 47.552054,
        "activity_lines": [
          28.32,
          28.670909,
          29.492619,
          30.684623
        ]
      },
      {
        "date": "2025-07-11",
        "close": 28.65,
        "volume": 28829,
        "typical_volume": 29726.1,
        "trend": 31.915,
        "fair_value": 55.611834,
        "relative_strength": -19.888367,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.660604,
        "energy": 61.969201,
        "activity_lines": [
          28.35,
          28.61,
          29.291905,
          30.459032
        ]
      },
      {
        "date": "2025-07-18",
        "close": 28.200001,
        "volume": 18574,
        "typical_volume": 30077.35,
        "trend": 31.675,
        "fair_value": 55.153687,
        "relative_strength": -22.690761,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.878203,
        "energy": 60.047956,
        "activity_lines": [
          28.253334,
          28.491818,
          29.08,
          30.219355
        ]
      },
      {
        "date": "2025-07-25",
        "close": 27.9,
        "volume": 27500,
        "typical_volume": 29138.55,
        "trend": 31.461666,
        "fair_value": 54.690075,
        "relative_strength": -22.723205,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.554565,
        "energy": 64.077025,
        "activity_lines": [
          28.163334,
          28.351818,
          28.874762,
          29.975806
        ]
      },
      {
        "date": "2025-08-01",
        "close": 27.299999,
        "volume": 21881,
        "typical_volume": 27703.8,
        "trend": 31.218333,
        "fair_value": 54.208445,
        "relative_strength": -23.786259,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.329015,
        "energy": 65.689494,
        "activity_lines": [
          27.866667,
          28.124545,
          28.642857,
          29.707312
        ]
      },
      {
        "date": "2025-08-08",
        "close": 27.799999,
        "volume": 27030,
        "typical_volume": 26726.95,
        "trend": 30.993333,
        "fair_value": 53.737105,
        "relative_strength": -23.431395,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.11245,
        "energy": 51.446702,
        "activity_lines": [
          27.796666,
          28.018182,
          28.493095,
          29.486774
        ]
      },
      {
        "date": "2025-08-15",
        "close": 27.35,
        "volume": 53053,
        "typical_volume": 27963.75,
        "trend": 30.768333,
        "fair_value": 53.281777,
        "relative_strength": -24.889449,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.913675,
        "energy": 55.11836,
        "activity_lines": [
          27.59,
          27.851818,
          28.331428,
          29.25172
        ]
      },
      {
        "date": "2025-08-22",
        "close": 27.450001,
        "volume": 33725,
        "typical_volume": 28688.65,
        "trend": 30.541667,
        "fair_value": 52.831814,
        "relative_strength": -22.171824,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.962695,
        "energy": 52.43697,
        "activity_lines": [
          27.503333,
          27.733636,
          28.208571,
          29.037634
        ]
      },
      {
        "date": "2025-08-29",
        "close": 27.4,
        "volume": 5267,
        "typical_volume": 25634.1,
        "trend": 30.293333,
        "fair_value": 52.285871,
        "relative_strength": -23.121511,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.143922,
        "energy": 50.205153,
        "activity_lines": [
          27.45,
          27.649091,
          28.103333,
          28.834946
        ]
      },
      {
        "date": "2025-09-05",
        "close": 26.85,
        "volume": 26471,
        "typical_volume": 25431.95,
        "trend": 29.981667,
        "fair_value": 51.691524,
        "relative_strength": -24.798119,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.202329,
        "energy": 51.37538,
        "activity_lines": [
          27.246667,
          27.471818,
          27.944048,
          28.612796
        ]
      },
      {
        "date": "2025-09-12",
        "close": 27.1,
        "volume": 30660,
        "typical_volume": 25614.95,
        "trend": 29.705,
        "fair_value": 51.104684,
        "relative_strength": -26.271659,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.457115,
        "energy": 47.924923,
        "activity_lines": [
          27.156667,
          27.364545,
          27.81881,
          28.426882
        ]
      },
      {
        "date": "2025-09-19",
        "close": 26.5,
        "volume": 33849,
        "typical_volume": 26380.7,
        "trend": 29.411667,
        "fair_value": 50.557695,
        "relative_strength": -27.424844,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.33855,
        "energy": 57.327517,
        "activity_lines": [
          26.913333,
          27.164545,
          27.648095,
          28.220107
        ]
      },
      {
        "date": "2025-09-26",
        "close": 28.15,
        "volume": 77232,
        "typical_volume": 29351.55,
        "trend": 29.163333,
        "fair_value": 50.031912,
        "relative_strength": -22.232781,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.57541,
        "energy": 38.329668,
        "activity_lines": [
          27.276667,
          27.303636,
          27.65119,
          28.13871
        ]
      },
      {
        "date": "2025-10-03",
        "close": 26.9,
        "volume": 19884,
        "typical_volume": 28549.55,
        "trend": 28.916667,
        "fair_value": 49.515831,
        "relative_strength": -28.291997,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.809213,
        "energy": 36.334355,
        "activity_lines": [
          27.176667,
          27.216364,
          27.544048,
          27.992688
        ]
      },
      {
        "date": "2025-10-10",
        "close": 27.75,
        "volume": 35835,
        "typical_volume": 29484.8,
        "trend": 28.69,
        "fair_value": 49.034723,
        "relative_strength": -26.783088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.924771,
        "energy": 22.917888,
        "activity_lines": [
          27.393333,
          27.301818,
          27.528333,
          27.917419
        ]
      },
      {
        "date": "2025-10-17",
        "close": 26.450001,
        "volume": 48017,
        "typical_volume": 31020.8,
        "trend": 28.428333,
        "fair_value": 48.532291,
        "relative_strength": -29.525187,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.531049,
        "energy": 29.259953,
        "activity_lines": [
          27.116667,
          27.142727,
          27.394524,
          27.772903
        ]
      },
      {
        "date": "2025-10-24",
        "close": 28.0,
        "volume": 19596,
        "typical_volume": 31950.6,
        "trend": 28.245,
        "fair_value": 48.090578,
        "relative_strength": -25.422385,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.305405,
        "energy": 16.040219,
        "activity_lines": [
          27.4,
          27.29,
          27.420476,
          27.745269
        ]
      },
      {
        "date": "2025-10-31",
        "close": 27.85,
        "volume": 33147,
        "typical_volume": 31411.9,
        "trend": 28.101667,
        "fair_value": 47.637274,
        "relative_strength": -27.048411,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -24.491616,
        "energy": 11.367579,
        "activity_lines": [
          27.533334,
          27.398182,
          27.436905,
          27.719785
        ]
      },
      {
        "date": "2025-11-07",
        "close": 25.35,
        "volume": 30287,
        "typical_volume": 30362.15,
        "trend": 28.045,
        "fair_value": 47.232899,
        "relative_strength": -31.478013,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.018603,
        "energy": 32.758449,
        "activity_lines": [
          26.853333,
          27.044546,
          27.224524,
          27.542258
        ]
      },
      {
        "date": "2025-11-14",
        "close": 25.6,
        "volume": 138115,
        "typical_volume": 35611.05,
        "trend": 27.931667,
        "fair_value": 46.788792,
        "relative_strength": -29.437913,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.98452,
        "energy": 33.650941,
        "activity_lines": [
          26.36,
          26.773636,
          27.047619,
          27.384516
        ]
      },
      {
        "date": "2025-11-21",
        "close": 26.450001,
        "volume": 30679,
        "typical_volume": 36981.55,
        "trend": 27.828333,
        "fair_value": 46.337143,
        "relative_strength": -23.764,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.637695,
        "energy": 37.545162,
        "activity_lines": [
          26.293334,
          26.68,
          26.964048,
          27.288925
        ]
      },
      {
        "date": "2025-11-28",
        "close": 26.450001,
        "volume": 8098,
        "typical_volume": 35945.0,
        "trend": 27.71,
        "fair_value": 45.942181,
        "relative_strength": -26.375219,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.752727,
        "energy": 42.023022,
        "activity_lines": [
          26.226667,
          26.598182,
          26.887857,
          27.2
        ]
      },
      {
        "date": "2025-12-05",
        "close": 25.85,
        "volume": 35091,
        "typical_volume": 36770.85,
        "trend": 27.571667,
        "fair_value": 45.555183,
        "relative_strength": -28.256995,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.975545,
        "energy": 34.029979,
        "activity_lines": [
          26.063334,
          26.408182,
          26.765,
          27.08
        ]
      },
      {
        "date": "2025-12-12",
        "close": 25.799999,
        "volume": 13869,
        "typical_volume": 36089.3,
        "trend": 27.461667,
        "fair_value": 45.036774,
        "relative_strength": -28.283127,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.65185,
        "energy": 28.821757,
        "activity_lines": [
          26.016667,
          26.250909,
          26.648572,
          26.965699
        ]
      },
      {
        "date": "2025-12-19",
        "close": 25.5,
        "volume": 12607,
        "typical_volume": 35625.6,
        "trend": 27.346667,
        "fair_value": 44.567225,
        "relative_strength": -27.155572,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.960698,
        "energy": 30.825762,
        "activity_lines": [
          25.84,
          26.059091,
          26.513572,
          26.83914
        ]
      },
      {
        "date": "2025-12-26",
        "close": 25.35,
        "volume": 1000,
        "typical_volume": 34324.1,
        "trend": 27.225,
        "fair_value": 44.109706,
        "relative_strength": -29.077803,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.700115,
        "energy": 39.80674,
        "activity_lines": [
          25.62,
          25.880909,
          26.372857,
          26.710323
        ]
      },
      {
        "date": "2026-01-02",
        "close": 24.9,
        "volume": 45371,
        "typical_volume": 33940.0,
        "trend": 27.088333,
        "fair_value": 43.658749,
        "relative_strength": -31.549773,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.543992,
        "energy": 46.446121,
        "activity_lines": [
          25.323333,
          25.640909,
          26.200952,
          26.560323
        ]
      },
      {
        "date": "2026-01-09",
        "close": 24.5,
        "volume": 59754,
        "typical_volume": 35241.45,
        "trend": 26.911667,
        "fair_value": 43.215858,
        "relative_strength": -34.021778,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.66026,
        "energy": 54.743185,
        "activity_lines": [
          24.996667,
          25.384545,
          26.002619,
          26.393333
        ]
      },
      {
        "date": "2026-01-16",
        "close": 24.5,
        "volume": 44599,
        "typical_volume": 37208.05,
        "trend": 26.801667,
        "fair_value": 42.770604,
        "relative_strength": -35.665709,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.207787,
        "energy": 58.9207,
        "activity_lines": [
          24.76,
          25.189091,
          25.818333,
          26.237742
        ]
      },
      {
        "date": "2026-01-23",
        "close": 24.0,
        "volume": 49631,
        "typical_volume": 38366.05,
        "trend": 26.661667,
        "fair_value": 42.345765,
        "relative_strength": -37.344524,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.300874,
        "energy": 62.428378,
        "activity_lines": [
          24.443333,
          24.918182,
          25.600238,
          26.056989
        ]
      },
      {
        "date": "2026-01-30",
        "close": 23.299999,
        "volume": 77567,
        "typical_volume": 40711.4,
        "trend": 26.505,
        "fair_value": 41.906992,
        "relative_strength": -38.622655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.504092,
        "energy": 72.89034,
        "activity_lines": [
          23.993333,
          24.549091,
          25.329048,
          25.840108
        ]
      },
      {
        "date": "2026-02-06",
        "close": 22.0,
        "volume": 63267,
        "typical_volume": 42182.3,
        "trend": 26.283333,
        "fair_value": 41.424455,
        "relative_strength": -40.716918,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -87.291196,
        "energy": 87.507594,
        "activity_lines": [
          23.246666,
          24.000909,
          24.952143,
          25.549462
        ]
      },
      {
        "date": "2026-02-13",
        "close": 21.950001,
        "volume": 35867,
        "typical_volume": 40114.05,
        "trend": 26.075,
        "fair_value": 40.960493,
        "relative_strength": -43.241142,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.792057,
        "energy": 92.57165,
        "activity_lines": [
          22.676667,
          23.524545,
          24.591905,
          25.269893
        ]
      },
      {
        "date": "2026-02-27",
        "close": 22.35,
        "volume": 76315,
        "typical_volume": 42935.6,
        "trend": 25.89,
        "fair_value": 40.513267,
        "relative_strength": -44.362261,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.715037,
        "energy": 88.562591,
        "activity_lines": [
          22.41,
          23.191818,
          24.299286,
          25.02957
        ]
      },
      {
        "date": "2026-03-06",
        "close": 20.35,
        "volume": 64457,
        "typical_volume": 44366.7,
        "trend": 25.658333,
        "fair_value": 40.069755,
        "relative_strength": -45.74117,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -91.134491,
        "energy": 95.750178,
        "activity_lines": [
          21.62,
          22.558182,
          23.837857,
          24.672151
        ]
      },
      {
        "date": "2026-03-13",
        "close": 20.9,
        "volume": 25884,
        "typical_volume": 43260.05,
        "trend": 25.428333,
        "fair_value": 39.622682,
        "relative_strength": -43.065872,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.760821,
        "energy": 89.776074,
        "activity_lines": [
          21.256667,
          22.118182,
          23.464048,
          24.365161
        ]
      },
      {
        "date": "2026-03-20",
        "close": 20.5,
        "volume": 53475,
        "typical_volume": 44954.0,
        "trend": 25.2,
        "fair_value": 39.175408,
        "relative_strength": -43.442919,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.773355,
        "energy": 83.176554,
        "activity_lines": [
          20.92,
          21.686364,
          23.078571,
          24.047204
        ]
      },
      {
        "date": "2026-03-27",
        "close": 20.25,
        "volume": 63282,
        "typical_volume": 46460.75,
        "trend": 24.96,
        "fair_value": 38.732435,
        "relative_strength": -42.449518,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.032757,
        "energy": 69.960529,
        "activity_lines": [
          20.6,
          21.289091,
          22.705,
          23.72785
        ]
      },
      {
        "date": "2026-04-03",
        "close": 20.450001,
        "volume": 17136,
        "typical_volume": 45803.2,
        "trend": 24.728333,
        "fair_value": 38.402939,
        "relative_strength": -39.913763,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.324941,
        "energy": 65.616306,
        "activity_lines": [
          20.46,
          21.005455,
          22.386667,
          23.436882
        ]
      },
      {
        "date": "2026-04-10",
        "close": 20.450001,
        "volume": 14023,
        "typical_volume": 39598.6,
        "trend": 24.515,
        "fair_value": 38.067538,
        "relative_strength": -43.776433,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.184141,
        "energy": 63.480175,
        "activity_lines": [
          20.446667,
          20.795455,
          22.091667,
          23.16086
        ]
      },
      {
        "date": "2026-04-17",
        "close": 19.799999,
        "volume": 49883,
        "typical_volume": 40558.8,
        "trend": 24.271667,
        "fair_value": 37.726789,
        "relative_strength": -46.769823,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.71746,
        "energy": 64.825497,
        "activity_lines": [
          20.21,
          20.531818,
          21.759286,
          22.856667
        ]
      },
      {
        "date": "2026-04-24",
        "close": 19.85,
        "volume": 52457,
        "typical_volume": 42776.75,
        "trend": 24.05,
        "fair_value": 37.39699,
        "relative_strength": -48.588391,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.216993,
        "energy": 60.927248,
        "activity_lines": [
          20.063333,
          20.340909,
          21.463333,
          22.571398
        ]
      },
      {
        "date": "2026-05-01",
        "close": 19.6,
        "volume": 20550,
        "typical_volume": 42049.7,
        "trend": 23.765,
        "fair_value": 37.069131,
        "relative_strength": -48.241306,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.276405,
        "energy": 63.086521,
        "activity_lines": [
          19.876667,
          20.143636,
          21.175,
          22.284301
        ]
      },
      {
        "date": "2026-05-08",
        "close": 20.5,
        "volume": 140392,
        "typical_volume": 48375.85,
        "trend": 23.551667,
        "fair_value": 36.732869,
        "relative_strength": -48.37849,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.211943,
        "energy": 53.569579,
        "activity_lines": [
          20.033333,
          20.152727,
          21.002143,
          22.073656
        ]
      },
      {
        "date": "2026-05-15",
        "close": 21.0,
        "volume": 20935,
        "typical_volume": 48792.25,
        "trend": 23.326667,
        "fair_value": 36.406898,
        "relative_strength": -45.551157,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.778966,
        "energy": 39.548698,
        "activity_lines": [
          20.353333,
          20.286364,
          20.902143,
          21.909032
        ]
      },
      {
        "date": "2026-05-22",
        "close": 19.799999,
        "volume": 38935,
        "typical_volume": 50689.0,
        "trend": 23.105,
        "fair_value": 36.096855,
        "relative_strength": -49.090484,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.348325,
        "energy": 38.189296,
        "activity_lines": [
          20.236666,
          20.19,
          20.709286,
          21.681505
        ]
      },
      {
        "date": "2026-05-29",
        "close": 20.0,
        "volume": 84206,
        "typical_volume": 52630.75,
        "trend": 22.838333,
        "fair_value": 35.796361,
        "relative_strength": -50.489019,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.094397,
        "energy": 32.510812,
        "activity_lines": [
          20.186666,
          20.15,
          20.561905,
          21.481183
        ]
      },
      {
        "date": "2026-06-05",
        "close": 20.700001,
        "volume": 82653,
        "typical_volume": 53775.7,
        "trend": 22.6,
        "fair_value": 35.502716,
        "relative_strength": -48.147477,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.024316,
        "energy": 28.462149,
        "activity_lines": [
          20.36,
          20.246364,
          20.504524,
          21.343226
        ]
      },
      {
        "date": "2026-06-12",
        "close": 21.049999,
        "volume": 67126,
        "typical_volume": 54902.05,
        "trend": 22.456667,
        "fair_value": 35.188876,
        "relative_strength": -45.167536,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.60866,
        "energy": 24.358622,
        "activity_lines": [
          20.576666,
          20.398182,
          20.498571,
          21.243226
        ]
      },
      {
        "date": "2026-06-19",
        "close": 21.15,
        "volume": 50900,
        "typical_volume": 54965.5,
        "trend": 22.308333,
        "fair_value": 34.894572,
        "relative_strength": -46.571671,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -22.480346,
        "energy": 13.801522,
        "activity_lines": [
          20.79,
          20.557273,
          20.518571,
          21.158925
        ]
      },
      {
        "date": "2026-06-26",
        "close": 20.0,
        "volume": 33125,
        "typical_volume": 52743.4,
        "trend": 22.093333,
        "fair_value": 34.614155,
        "relative_strength": -46.346716,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.094989,
        "energy": 17.053308,
        "activity_lines": [
          20.61,
          20.494545,
          20.442619,
          21.01
        ]
      },
      {
        "date": "2026-07-03",
        "close": 20.5,
        "volume": 58019,
        "typical_volume": 52481.0,
        "trend": 21.895,
        "fair_value": 34.335762,
        "relative_strength": -46.606786,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.527715,
        "energy": 11.594188,
        "activity_lines": [
          20.583333,
          20.519091,
          20.43,
          20.907204
        ]
      },
      {
        "date": "2026-07-10",
        "close": 20.5,
        "volume": 63677,
        "typical_volume": 53871.5,
        "trend": 21.716667,
        "fair_value": 34.04674,
        "relative_strength": -43.889613,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.952543,
        "energy": 16.253339,
        "activity_lines": [
          20.523333,
          20.531818,
          20.424524,
          20.817204
        ]
      },
      {
        "date": "2026-07-17",
        "close": 19.0,
        "volume": 40652,
        "typical_volume": 52088.35,
        "trend": 21.49,
        "fair_value": 33.748102,
        "relative_strength": -43.629532,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -64.898655,
        "energy": 37.729917,
        "activity_lines": [
          19.976667,
          20.255454,
          20.283095,
          20.641935
        ]
      },
      {
        "date": "2026-07-24",
        "close": 19.200001,
        "volume": 23459,
        "typical_volume": 50038.45,
        "trend": 21.28,
        "fair_value": 33.558816,
        "relative_strength": -43.261202,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.435977,
        "energy": 46.986276,
        "activity_lines": [
          19.633334,
          20.042727,
          20.176667,
          20.494194
        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.5,
        "volume": 13314,
        "typical_volume": 49409.95,
        "trend": 21.085,
        "fair_value": 33.373976,
        "relative_strength": -40.565637,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.685982,
        "energy": 47.877819,
        "activity_lines": [
          19.52,
          19.917273,
          20.104286,
          20.379355
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.200001,
        "volume": 57643,
        "typical_volume": 49618.35,
        "trend": 20.895,
        "fair_value": 33.192262,
        "relative_strength": -41.869977,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.403606,
        "energy": 54.932619,
        "activity_lines": [
          19.340001,
          19.742728,
          20.01,
          20.257742
        ]
      },
      {
        "date": "2026-08-14",
        "close": 18.75,
        "volume": 55000,
        "typical_volume": 49204.25,
        "trend": 20.703333,
        "fair_value": 33.012081,
        "relative_strength": -44.120298,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.114358,
        "energy": 53.632823,
        "activity_lines": [
          19.096667,
          19.500909,
          19.879048,
          20.119355
        ]
      }
    ],
    "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."
    }
  }
}