{ "ticker": { "uuid": "fbb26ad5-0a84-4952-93e0-5be87fe9c024", "symbol": "2371", "name": "Tatung Co., Ltd.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -60.752, "architecture_energy": 52.052, "architecture_maturity": 58.527, "architecture_confidence": 87.29, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 12.25, "rotation_up": 19.49, "upward_expansion": 7.94, "deceleration": 52.77, "rotation_down": 57.14, "downward_expansion": 78.94 }, "activity_lines": [ 25.74, 26.226364, 27.496905, 28.768709 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.5 }, "latest_close": 26.35, "trend_reference": 30.976666, "distance_from_trend": -0.14936, "trend_direction": "Weakening", "fair_value": 40.737155, "distance_from_fair_value": -0.35317, "fair_value_direction": "Weakening", "relative_strength": -45.088505, "relative_strength_direction": "Improving", "price_momentum": -0.268056, "excess_performance": -0.709428, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.14936, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.059508, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.35317, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.043997, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.450885, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.011485, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.268056, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.599581, "read": "Demand-led" } ], "volume": { "latest": 43652741, "relative_activity": 0.612299, "balance": 1.599581, "dry_up": 0.559756, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.078967, "annualized_volatility": 0.323452, "from_high_reference": -0.407865, "from_low_reference": 0.130901 }, "levels": { "trend_reference": 30.976666, "fair_value_reference": 40.737155, "structural_low": 23.299999, "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": 24, "median_return": -0.026063, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.036777, "regime_survival": 0.791667, "best_return": 0.267101, "worst_return": -0.12982, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.026135, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": -0.053905, "regime_survival": 0.5, "best_return": 0.165835, "worst_return": -0.157556, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.036164, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.143501, "regime_survival": 0.4, "best_return": 0.381546, "worst_return": -0.182328, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.306733, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.018179, "regime_survival": 0.666667, "best_return": 0.372642, "worst_return": -0.334435, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-12", "end": "2024-02-09", "tenure": "Developing", "return": 0.046512, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-02-16", "end": "2024-03-15", "tenure": "Developing", "return": 0.068027, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-22", "end": "2024-05-24", "tenure": "Developing", "return": 0.128309, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-31", "end": "2024-08-02", "tenure": "Developing", "return": -0.098709, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": -0.021367, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2024-11-22", "tenure": "Developing", "return": 0.250597, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2025-01-24", "tenure": "Developing", "return": -0.07603, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-08-08", "tenure": "Extended", "return": -0.076643, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-09-19", "tenure": "Developing", "return": -0.096512, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": -0.07888, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-01-30", "tenure": "Established", "return": 0.091164, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-03-06", "tenure": "New", "return": -0.059722, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.031447, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-08-14", "tenure": "Established", "return": -0.152733, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 49.586693, "volume": 106106615, "typical_volume": 153511578.3, "trend": 38.085202, "fair_value": 29.682725, "relative_strength": 30.014548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.369478, "energy": 43.917019, "activity_lines": [ 48.624373, 49.183862, 45.179063, 41.872142 ] }, { "date": "2023-08-18", "close": 48.531654, "volume": 65784887, "typical_volume": 153918745.1, "trend": 38.649486, "fair_value": 29.895454, "relative_strength": 28.107378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.273434, "energy": 36.629076, "activity_lines": [ 48.403774, 49.225714, 45.880137, 42.546107 ] }, { "date": "2023-08-25", "close": 49.107132, "volume": 43768891, "typical_volume": 155727714.2, "trend": 39.226559, "fair_value": 30.122938, "relative_strength": 27.945942, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.723922, "energy": 37.845755, "activity_lines": [ 48.611584, 49.199556, 46.555634, 43.220793 ] }, { "date": "2023-09-01", "close": 48.72348, "volume": 45076285, "typical_volume": 156398657.35, "trend": 39.75088, "fair_value": 30.330749, "relative_strength": 24.918208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.876856, "energy": 38.149856, "activity_lines": [ 48.793817, 49.010347, 47.11124, 43.833498 ] }, { "date": "2023-09-08", "close": 46.757278, "volume": 131034381, "typical_volume": 161794245.6, "trend": 40.248026, "fair_value": 30.522573, "relative_strength": 19.79386, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.405512, "energy": 29.26281, "activity_lines": [ 48.17678, 48.479341, 47.400119, 44.285524 ] }, { "date": "2023-09-15", "close": 42.920784, "volume": 138407303, "typical_volume": 168038298.1, "trend": 40.590113, "fair_value": 30.69165, "relative_strength": 7.399112, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.700032, "energy": 15.130857, "activity_lines": [ 46.303293, 47.347575, 47.248715, 44.45796 ] }, { "date": "2023-09-22", "close": 42.824871, "volume": 52845813, "typical_volume": 169418595.35, "trend": 40.946587, "fair_value": 30.857037, "relative_strength": 10.533536, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.765193, "energy": 14.869911, "activity_lines": [ 44.842228, 46.370141, 47.032684, 44.602138 ] }, { "date": "2023-09-29", "close": 42.585091, "volume": 34490586, "typical_volume": 163831405.05, "trend": 41.306259, "fair_value": 31.032876, "relative_strength": 9.521573, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.744759, "energy": 24.34809, "activity_lines": [ 43.681688, 45.517393, 46.742435, 44.707848 ] }, { "date": "2023-10-06", "close": 41.865749, "volume": 46358689, "typical_volume": 152627976.55, "trend": 41.641952, "fair_value": 31.203797, "relative_strength": 6.358689, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -10.188386, "energy": 32.862517, "activity_lines": [ 42.716171, 44.68034, 46.351706, 44.743944 ] }, { "date": "2023-10-13", "close": 41.434143, "volume": 14873626, "typical_volume": 145378334.75, "trend": 41.988835, "fair_value": 31.375947, "relative_strength": 3.480297, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -12.136001, "energy": 47.987583, "activity_lines": [ 42.063967, 43.850262, 45.894067, 44.730537 ] }, { "date": "2023-10-20", "close": 37.022171, "volume": 58864780, "typical_volume": 130527403.0, "trend": 42.172667, "fair_value": 31.509979, "relative_strength": -5.536502, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -50.354553, "energy": 69.36563, "activity_lines": [ 40.295982, 42.320895, 45.00231, 44.410107 ] }, { "date": "2023-10-27", "close": 35.631443, "volume": 35439445, "typical_volume": 125836191.4, "trend": 42.305346, "fair_value": 31.627717, "relative_strength": -7.195801, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.339279, "energy": 75.878175, "activity_lines": [ 38.457661, 40.767115, 43.992033, 43.988092 ] }, { "date": "2023-11-03", "close": 34.864143, "volume": 29693748, "typical_volume": 112444249.0, "trend": 42.414046, "fair_value": 31.742382, "relative_strength": -11.104076, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.724479, "energy": 82.824522, "activity_lines": [ 36.843136, 39.308375, 42.924894, 43.508015 ] }, { "date": "2023-11-10", "close": 34.480495, "volume": 23809870, "typical_volume": 99973306.0, "trend": 42.495572, "fair_value": 31.823231, "relative_strength": -12.888961, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.074396, "energy": 82.236669, "activity_lines": [ 35.615457, 38.038844, 41.864605, 42.996173 ] }, { "date": "2023-11-17", "close": 36.734436, "volume": 70143147, "typical_volume": 87955518.65, "trend": 42.685798, "fair_value": 31.929288, "relative_strength": -10.004067, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.550129, "energy": 86.146904, "activity_lines": [ 35.631443, 37.438084, 41.090912, 42.624486 ] }, { "date": "2023-11-24", "close": 38.460857, "volume": 50722993, "typical_volume": 80909881.75, "trend": 42.925579, "fair_value": 32.050408, "relative_strength": -6.272344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.460577, "energy": 66.950437, "activity_lines": [ 36.536216, 37.333452, 40.554716, 42.35191 ] }, { "date": "2023-12-01", "close": 38.412903, "volume": 67712155, "typical_volume": 72760217.95, "trend": 43.138185, "fair_value": 32.177369, "relative_strength": -7.301341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.768467, "energy": 46.452773, "activity_lines": [ 37.329092, 37.30119, 40.080179, 42.060769 ] }, { "date": "2023-12-08", "close": 41.33823, "volume": 130133908, "typical_volume": 67305280.85, "trend": 43.320418, "fair_value": 32.324926, "relative_strength": -0.17924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.169827, "energy": 28.08211, "activity_lines": [ 38.911647, 37.881024, 39.949327, 41.944643 ] }, { "date": "2023-12-15", "close": 39.467941, "volume": 105631525, "typical_volume": 66298881.5, "trend": 43.421126, "fair_value": 32.449428, "relative_strength": -6.277805, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.74883, "energy": 31.224547, "activity_lines": [ 39.439166, 38.143476, 39.684655, 41.696096 ] }, { "date": "2023-12-22", "close": 40.09137, "volume": 68053925, "typical_volume": 65947628.6, "trend": 43.473878, "fair_value": 32.574545, "relative_strength": -4.339336, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.413085, "energy": 28.462884, "activity_lines": [ 39.841998, 38.562875, 39.513154, 41.481273 ] }, { "date": "2023-12-29", "close": 40.283195, "volume": 34279737, "typical_volume": 62356284.7, "trend": 43.485068, "fair_value": 32.690131, "relative_strength": -5.659129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.077209, "energy": 26.206605, "activity_lines": [ 40.084976, 39.041565, 39.393264, 41.275423 ] }, { "date": "2024-01-05", "close": 40.666843, "volume": 28206265, "typical_volume": 60477353.6, "trend": 43.539418, "fair_value": 32.781125, "relative_strength": -2.507526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.753318, "energy": 17.481241, "activity_lines": [ 40.334348, 39.530718, 39.354214, 41.093602 ] }, { "date": "2024-01-12", "close": 41.242317, "volume": 150741826, "typical_volume": 65826000.35, "trend": 43.448302, "fair_value": 32.879804, "relative_strength": -1.163747, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.150125, "energy": 14.429585, "activity_lines": [ 40.625282, 40.03295, 39.407423, 40.945402 ] }, { "date": "2024-01-19", "close": 38.748592, "volume": 93449081, "typical_volume": 68244640.15, "trend": 43.087032, "fair_value": 32.965572, "relative_strength": -8.070051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.234514, "energy": 13.4095, "activity_lines": [ 40.091368, 39.965811, 39.260585, 40.642194 ] }, { "date": "2024-01-26", "close": 41.482098, "volume": 93012874, "typical_volume": 66343564.8, "trend": 42.733754, "fair_value": 33.077162, "relative_strength": -3.436587, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.834277, "energy": 7.784788, "activity_lines": [ 40.516579, 40.318071, 39.421581, 40.53865 ] }, { "date": "2024-02-02", "close": 43.448303, "volume": 57248796, "typical_volume": 62285639.45, "trend": 42.436426, "fair_value": 33.205353, "relative_strength": 0.541137, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.695962, "energy": 14.709604, "activity_lines": [ 41.504477, 40.941501, 39.794954, 40.58475 ] }, { "date": "2024-02-09", "close": 43.160561, "volume": 14293316, "typical_volume": 60358014.6, "trend": 42.139098, "fair_value": 33.319095, "relative_strength": -0.597487, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.124823, "energy": 29.040344, "activity_lines": [ 42.185454, 41.421934, 40.138411, 40.631469 ] }, { "date": "2024-02-16", "close": 42.297356, "volume": 46478323, "typical_volume": 60957401.45, "trend": 41.860952, "fair_value": 33.435297, "relative_strength": -5.385627, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.645986, "energy": 34.645823, "activity_lines": [ 42.412448, 41.6591, 40.39806, 40.641679 ] }, { "date": "2024-02-23", "close": 44.839031, "volume": 175948660, "typical_volume": 67436900.0, "trend": 41.803405, "fair_value": 33.568406, "relative_strength": -1.435013, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.608731, "energy": 53.421791, "activity_lines": [ 43.416331, 42.34095, 40.901143, 40.833813 ] }, { "date": "2024-03-01", "close": 51.217205, "volume": 234089016, "typical_volume": 78397669.5, "trend": 41.940879, "fair_value": 33.727952, "relative_strength": 11.71194, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.154809, "energy": 71.945708, "activity_lines": [ 46.140243, 44.084811, 41.997513, 41.441155 ] }, { "date": "2024-03-08", "close": 47.956184, "volume": 206012413, "typical_volume": 85755051.15, "trend": 41.886529, "fair_value": 33.863521, "relative_strength": -0.189366, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.650913, "energy": 68.045929, "activity_lines": [ 47.12814, 45.033472, 42.736723, 41.829239 ] }, { "date": "2024-03-15", "close": 45.174721, "volume": 136326238, "typical_volume": 90799390.8, "trend": 41.774631, "fair_value": 33.978185, "relative_strength": -5.701765, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.809926, "energy": 71.550327, "activity_lines": [ 46.888358, 45.336903, 43.158966, 42.041381 ] }, { "date": "2024-03-22", "close": 47.092976, "volume": 105741391, "typical_volume": 94601772.95, "trend": 41.707492, "fair_value": 34.106991, "relative_strength": -4.613088, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.375813, "energy": 68.811179, "activity_lines": [ 47.153717, 45.907147, 43.718455, 42.3845 ] }, { "date": "2024-03-29", "close": 54.478222, "volume": 546139692, "typical_volume": 120718264.05, "trend": 41.899317, "fair_value": 34.287134, "relative_strength": 9.392254, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.551856, "energy": 65.969053, "activity_lines": [ 49.561117, 47.713786, 44.923069, 43.208418 ] }, { "date": "2024-04-05", "close": 53.519104, "volume": 141261584, "typical_volume": 124274185.9, "trend": 42.124711, "fair_value": 34.460514, "relative_strength": 6.706531, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.247011, "energy": 63.641058, "activity_lines": [ 51.006197, 49.060048, 45.94111, 43.958081 ] }, { "date": "2024-04-12", "close": 58.026985, "volume": 454357324, "typical_volume": 144455902.45, "trend": 42.628251, "fair_value": 34.667402, "relative_strength": 12.776079, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.167789, "energy": 85.268866, "activity_lines": [ 53.800445, 51.00707, 47.308547, 44.984035 ] }, { "date": "2024-04-19", "close": 66.275444, "volume": 1403708282, "typical_volume": 211255708.8, "trend": 43.409937, "fair_value": 34.928086, "relative_strength": 35.311067, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.689509, "energy": 95.355128, "activity_lines": [ 58.672793, 54.188744, 49.368379, 46.50966 ] }, { "date": "2024-04-26", "close": 64.740845, "volume": 960990825, "typical_volume": 252798554.65, "trend": 44.148462, "fair_value": 35.180164, "relative_strength": 27.100062, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.885561, "energy": 91.505034, "activity_lines": [ 61.626892, 56.67113, 51.14938, 47.885847 ] }, { "date": "2024-05-03", "close": 61.192085, "volume": 300608335, "typical_volume": 262547395.15, "trend": 44.792673, "fair_value": 35.407341, "relative_strength": 18.032728, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.597548, "energy": 85.477308, "activity_lines": [ 62.221547, 58.100223, 52.480963, 48.985436 ] }, { "date": "2024-05-10", "close": 61.479828, "volume": 316576453, "typical_volume": 274973521.55, "trend": 45.460863, "fair_value": 35.63544, "relative_strength": 15.848075, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.604428, "energy": 70.769378, "activity_lines": [ 62.464526, 59.284305, 53.736502, 50.062027 ] }, { "date": "2024-05-17", "close": 57.643333, "volume": 229351368, "typical_volume": 284727103.1, "trend": 46.148235, "fair_value": 35.847247, "relative_strength": 5.447933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.293596, "energy": 53.533136, "activity_lines": [ 60.897958, 59.584249, 54.52481, 50.847992 ] }, { "date": "2024-05-24", "close": 53.135452, "volume": 160414429, "typical_volume": 291337511.3, "trend": 46.731702, "fair_value": 36.049523, "relative_strength": -4.275183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.029731, "energy": 32.67987, "activity_lines": [ 57.854339, 58.888449, 54.801129, 51.298781 ] }, { "date": "2024-05-31", "close": 51.984505, "volume": 98878847, "typical_volume": 288744362.35, "trend": 47.302381, "fair_value": 36.239811, "relative_strength": -4.664355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.65089, "energy": 24.303118, "activity_lines": [ 55.303072, 57.838645, 54.90846, 51.637671 ] }, { "date": "2024-06-07", "close": 53.710926, "volume": 85534045, "typical_volume": 288348610.55, "trend": 47.943395, "fair_value": 36.431021, "relative_strength": -4.684882, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.570366, "energy": 26.454819, "activity_lines": [ 54.1777, 57.013799, 55.129058, 52.051126 ] }, { "date": "2024-06-14", "close": 55.245522, "volume": 232018890, "typical_volume": 295298911.35, "trend": 48.560431, "fair_value": 36.632375, "relative_strength": -4.7142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.543706, "energy": 24.403108, "activity_lines": [ 54.062604, 56.481921, 55.42456, 52.522231 ] }, { "date": "2024-06-21", "close": 55.53326, "volume": 401965469, "typical_volume": 312534745.0, "trend": 49.129511, "fair_value": 36.835574, "relative_strength": -6.958391, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.397397, "energy": 18.724094, "activity_lines": [ 54.459042, 55.970969, 55.681925, 52.972091 ] }, { "date": "2024-06-28", "close": 54.670048, "volume": 95928398, "typical_volume": 316616499.1, "trend": 49.671416, "fair_value": 37.032933, "relative_strength": -7.033999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.211896, "energy": 11.465353, "activity_lines": [ 54.708414, 55.348411, 55.799531, 53.329545 ] }, { "date": "2024-07-05", "close": 55.053696, "volume": 83142374, "typical_volume": 318449701.65, "trend": 50.128598, "fair_value": 37.237976, "relative_strength": -7.906727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.506178, "energy": 12.161011, "activity_lines": [ 54.983361, 55.006614, 55.898869, 53.676789 ] }, { "date": "2024-07-12", "close": 53.710926, "volume": 97317091, "typical_volume": 314518123.2, "trend": 50.603364, "fair_value": 37.43226, "relative_strength": -10.988844, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.100842, "energy": 12.420297, "activity_lines": [ 54.606107, 54.596807, 55.809579, 53.907906 ] }, { "date": "2024-07-19", "close": 51.121292, "volume": 85850301, "typical_volume": 307106187.45, "trend": 50.971028, "fair_value": 37.608714, "relative_strength": -10.897999, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.761477, "energy": 9.384066, "activity_lines": [ 53.365641, 53.852178, 55.43141, 53.941321 ] }, { "date": "2024-07-26", "close": 49.49078, "volume": 64665986, "typical_volume": 300038866.1, "trend": 51.277948, "fair_value": 37.776561, "relative_strength": -10.502535, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -12.290235, "energy": 33.071403, "activity_lines": [ 51.856619, 52.99943, 54.898412, 53.845821 ] }, { "date": "2024-08-02", "close": 46.853188, "volume": 63441536, "typical_volume": 296394631.0, "trend": 51.48416, "fair_value": 37.929037, "relative_strength": -12.966195, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.946233, "energy": 58.852366, "activity_lines": [ 49.871232, 51.815347, 54.106906, 53.560353 ] }, { "date": "2024-08-09", "close": 44.886986, "volume": 105474828, "typical_volume": 296381302.85, "trend": 51.605648, "fair_value": 38.056613, "relative_strength": -15.375683, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.761548, "energy": 69.426927, "activity_lines": [ 47.751569, 50.387997, 53.12015, 53.134729 ] }, { "date": "2024-08-16", "close": 43.400345, "volume": 74344192, "typical_volume": 272791527.85, "trend": 51.760707, "fair_value": 38.167588, "relative_strength": -20.771867, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.364596, "energy": 76.056769, "activity_lines": [ 45.814139, 48.819393, 52.002314, 52.605354 ] }, { "date": "2024-08-23", "close": 44.167645, "volume": 67925746, "typical_volume": 269124735.95, "trend": 51.850225, "fair_value": 38.287479, "relative_strength": -18.040933, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.873529, "energy": 76.971311, "activity_lines": [ 44.819848, 47.577764, 51.010306, 52.115479 ] }, { "date": "2024-08-30", "close": 43.927864, "volume": 38563729, "typical_volume": 248335056.2, "trend": 51.866211, "fair_value": 38.396917, "relative_strength": -18.271823, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.537603, "energy": 86.460733, "activity_lines": [ 44.209206, 46.493955, 50.039993, 51.604359 ] }, { "date": "2024-09-06", "close": 40.187283, "volume": 68136677, "typical_volume": 181556475.95, "trend": 51.767101, "fair_value": 38.47377, "relative_strength": -21.73609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.469222, "energy": 91.685492, "activity_lines": [ 42.722565, 44.941047, 48.780573, 50.85088 ] }, { "date": "2024-09-13", "close": 45.654285, "volume": 123244342, "typical_volume": 139669151.8, "trend": 51.878999, "fair_value": 38.584131, "relative_strength": -12.105616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.269634, "energy": 65.254516, "activity_lines": [ 43.502652, 44.645462, 48.166048, 50.456505 ] }, { "date": "2024-09-20", "close": 45.846111, "volume": 48510227, "typical_volume": 127064246.4, "trend": 51.912568, "fair_value": 38.702791, "relative_strength": -12.942041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.281721, "energy": 53.0919, "activity_lines": [ 44.295528, 44.555653, 47.660681, 50.067286 ] }, { "date": "2024-09-27", "close": 47.812313, "volume": 67083182, "typical_volume": 114589582.85, "trend": 51.799072, "fair_value": 38.80393, "relative_strength": -11.482709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.288432, "energy": 38.064559, "activity_lines": [ 45.580753, 44.966333, 47.415648, 49.802754 ] }, { "date": "2024-10-04", "close": 45.462463, "volume": 33173756, "typical_volume": 104780702.25, "trend": 51.715948, "fair_value": 38.885701, "relative_strength": -13.522068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.41109, "energy": 25.064285, "activity_lines": [ 45.839717, 45.00993, 47.011903, 49.39394 ] }, { "date": "2024-10-11", "close": 44.647209, "volume": 33732928, "typical_volume": 98446627.2, "trend": 51.698364, "fair_value": 38.975158, "relative_strength": -16.941938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.324572, "energy": 25.759825, "activity_lines": [ 45.724623, 44.978541, 46.588518, 48.937893 ] }, { "date": "2024-10-18", "close": 43.544212, "volume": 31600548, "typical_volume": 95082712.25, "trend": 51.580072, "fair_value": 39.046785, "relative_strength": -20.755314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.750098, "energy": 32.223627, "activity_lines": [ 44.944535, 44.786715, 46.100507, 48.411818 ] }, { "date": "2024-10-25", "close": 42.537136, "volume": 22909744, "typical_volume": 91951497.2, "trend": 51.182036, "fair_value": 39.099352, "relative_strength": -21.879581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.349063, "energy": 45.742852, "activity_lines": [ 43.969426, 44.4362, 45.556775, 47.828403 ] }, { "date": "2024-11-01", "close": 43.11261, "volume": 22015430, "typical_volume": 81451324.2, "trend": 50.835153, "fair_value": 39.165138, "relative_strength": -18.700099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.038677, "energy": 46.720988, "activity_lines": [ 43.406741, 44.20601, 45.121059, 47.307795 ] }, { "date": "2024-11-08", "close": 44.551296, "volume": 41182519, "typical_volume": 63412176.7, "trend": 50.385963, "fair_value": 39.239224, "relative_strength": -18.629249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.505669, "energy": 47.360408, "activity_lines": [ 43.636931, 44.256582, 44.880137, 46.902385 ] }, { "date": "2024-11-15", "close": 45.846111, "volume": 41014270, "typical_volume": 60666470.3, "trend": 49.704985, "fair_value": 39.32284, "relative_strength": -13.192612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.108551, "energy": 35.068114, "activity_lines": [ 44.35947, 44.53124, 44.814825, 46.609491 ] }, { "date": "2024-11-22", "close": 50.25808, "volume": 133831840, "typical_volume": 63200943.6, "trend": 49.222226, "fair_value": 39.445805, "relative_strength": -5.48607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.54255, "energy": 9.916321, "activity_lines": [ 46.472739, 45.505187, 45.21172, 46.645175 ] }, { "date": "2024-11-29", "close": 45.414505, "volume": 159888844, "typical_volume": 66329531.25, "trend": 48.696307, "fair_value": 39.498065, "relative_strength": -12.013885, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.683545, "energy": 15.685763, "activity_lines": [ 46.523892, 45.514778, 45.170158, 46.399515 ] }, { "date": "2024-12-06", "close": 45.078812, "volume": 51945117, "typical_volume": 64634272.05, "trend": 48.149606, "fair_value": 39.568155, "relative_strength": -15.866031, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.176516, "energy": 15.296298, "activity_lines": [ 46.271323, 45.471181, 45.136131, 46.166128 ] }, { "date": "2024-12-13", "close": 43.256474, "volume": 60291097, "typical_volume": 64415527.6, "trend": 47.670045, "fair_value": 39.632711, "relative_strength": -18.420768, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.7569, "energy": 15.848579, "activity_lines": [ 45.280227, 45.14595, 44.957323, 45.850442 ] }, { "date": "2024-12-20", "close": 42.441219, "volume": 59351471, "typical_volume": 64211024.35, "trend": 47.31357, "fair_value": 39.717557, "relative_strength": -17.874593, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.679091, "energy": 35.429705, "activity_lines": [ 44.103701, 44.7126, 44.730559, 45.513099 ] }, { "date": "2024-12-27", "close": 44.982899, "volume": 36868232, "typical_volume": 60780694.55, "trend": 47.080183, "fair_value": 39.80978, "relative_strength": -15.596823, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.646101, "energy": 30.906584, "activity_lines": [ 44.001395, 44.781483, 44.766868, 45.362733 ] }, { "date": "2025-01-03", "close": 44.215599, "volume": 67946486, "typical_volume": 60460809.25, "trend": 46.763672, "fair_value": 39.898929, "relative_strength": -15.428215, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.443959, "energy": 33.031285, "activity_lines": [ 43.995001, 44.684698, 44.729645, 45.177921 ] }, { "date": "2025-01-10", "close": 42.057571, "volume": 171528404, "typical_volume": 65640942.15, "trend": 46.324074, "fair_value": 39.968097, "relative_strength": -19.560492, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.976097, "energy": 41.930742, "activity_lines": [ 43.349191, 44.165027, 44.483013, 44.874302 ] }, { "date": "2025-01-17", "close": 41.769836, "volume": 108350343, "typical_volume": 69130272.85, "trend": 45.865293, "fair_value": 40.042183, "relative_strength": -20.319939, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.776004, "energy": 37.38208, "activity_lines": [ 42.808885, 43.612224, 44.219026, 44.58048 ] }, { "date": "2025-01-24", "close": 41.961658, "volume": 45520393, "typical_volume": 67999458.65, "trend": 45.44168, "fair_value": 40.127643, "relative_strength": -20.887535, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.751933, "energy": 41.265021, "activity_lines": [ 42.43163, 43.144869, 43.983583, 44.328632 ] }, { "date": "2025-02-07", "close": 40.666843, "volume": 48481911, "typical_volume": 64261337.1, "trend": 44.962118, "fair_value": 40.206648, "relative_strength": -22.73077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.182038, "energy": 54.242069, "activity_lines": [ 41.65474, 42.512719, 43.616376, 44.020578 ] }, { "date": "2025-02-14", "close": 41.530052, "volume": 43620652, "typical_volume": 64016858.35, "trend": 44.556089, "fair_value": 40.296412, "relative_strength": -19.572702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.881689, "energy": 48.835746, "activity_lines": [ 41.453323, 42.211903, 43.355129, 43.799155 ] }, { "date": "2025-02-21", "close": 42.201443, "volume": 103084735, "typical_volume": 65816936.0, "trend": 44.258761, "fair_value": 40.376954, "relative_strength": -19.920244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.19521, "energy": 39.445407, "activity_lines": [ 41.65474, 42.103784, 43.178376, 43.647242 ] }, { "date": "2025-02-28", "close": 41.050495, "volume": 87038315, "typical_volume": 68510163.95, "trend": 43.977418, "fair_value": 40.447351, "relative_strength": -19.402493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.264528, "energy": 42.082179, "activity_lines": [ 41.462916, 41.838718, 42.918728, 43.440257 ] }, { "date": "2025-03-07", "close": 42.537136, "volume": 197433065, "typical_volume": 76695170.8, "trend": 43.83355, "fair_value": 40.527893, "relative_strength": -14.105158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.044057, "energy": 27.921401, "activity_lines": [ 41.814596, 41.884059, 42.821674, 43.347336 ] }, { "date": "2025-03-14", "close": 43.016697, "volume": 84254725, "typical_volume": 79327879.65, "trend": 43.771207, "fair_value": 40.602287, "relative_strength": -10.366702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.973293, "energy": 18.108851, "activity_lines": [ 42.287763, 42.014848, 42.780341, 43.294636 ] }, { "date": "2025-03-21", "close": 42.872826, "volume": 94961512, "typical_volume": 82930468.05, "trend": 43.753623, "fair_value": 40.680062, "relative_strength": -11.351437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.588258, "energy": 15.502876, "activity_lines": [ 42.556317, 42.155229, 42.727817, 43.236676 ] }, { "date": "2025-03-28", "close": 41.33823, "volume": 65530005, "typical_volume": 85106196.8, "trend": 43.659309, "fair_value": 40.731092, "relative_strength": -11.803116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.747946, "energy": 18.577943, "activity_lines": [ 42.223821, 42.041006, 42.527543, 43.080844 ] }, { "date": "2025-04-04", "close": 39.707718, "volume": 41667460, "typical_volume": 85130443.85, "trend": 43.518637, "fair_value": 40.758759, "relative_strength": -13.440853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.17468, "energy": 32.903715, "activity_lines": [ 41.405368, 41.643405, 42.180431, 42.825902 ] }, { "date": "2025-04-11", "close": 36.830349, "volume": 115269200, "typical_volume": 88843190.35, "trend": 43.40674, "fair_value": 40.771978, "relative_strength": -11.851882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.034708, "energy": 61.888426, "activity_lines": [ 39.71731, 40.76014, 41.582349, 42.3944 ] }, { "date": "2025-04-18", "close": 38.844505, "volume": 67912061, "typical_volume": 85547201.4, "trend": 43.179747, "fair_value": 40.803334, "relative_strength": -5.716079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.810038, "energy": 66.306972, "activity_lines": [ 39.081091, 40.336381, 41.219024, 42.100062 ] }, { "date": "2025-04-25", "close": 38.221081, "volume": 75314068, "typical_volume": 81318462.6, "trend": 42.925579, "fair_value": 40.838686, "relative_strength": -8.237509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.90144, "energy": 70.426683, "activity_lines": [ 38.515209, 39.832406, 40.850675, 41.780148 ] }, { "date": "2025-05-02", "close": 40.379105, "volume": 58607868, "typical_volume": 81651600.15, "trend": 42.677806, "fair_value": 40.889409, "relative_strength": -6.225975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.626757, "energy": 57.737105, "activity_lines": [ 38.978785, 39.780961, 40.722107, 41.61586 ] }, { "date": "2025-05-09", "close": 42.393265, "volume": 112957744, "typical_volume": 84284932.5, "trend": 42.575499, "fair_value": 40.954888, "relative_strength": -1.246911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.733708, "energy": 20.486069, "activity_lines": [ 40.17769, 40.128862, 40.807743, 41.597502 ] }, { "date": "2025-05-16", "close": 39.32407, "volume": 144162101, "typical_volume": 88525464.0, "trend": 42.398061, "fair_value": 40.99731, "relative_strength": -11.319941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.535577, "energy": 20.421619, "activity_lines": [ 40.174493, 39.894312, 40.605185, 41.387733 ] }, { "date": "2025-05-23", "close": 40.283195, "volume": 90947009, "typical_volume": 91229402.85, "trend": 42.289361, "fair_value": 41.046804, "relative_strength": -7.608885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.818987, "energy": 17.709604, "activity_lines": [ 40.324756, 39.892569, 40.508816, 41.25129 ] }, { "date": "2025-05-30", "close": 40.043411, "volume": 51084398, "typical_volume": 90386298.45, "trend": 42.206236, "fair_value": 41.082156, "relative_strength": -6.320759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.414962, "energy": 16.007111, "activity_lines": [ 40.299179, 39.896928, 40.41199, 41.10639 ] }, { "date": "2025-06-06", "close": 39.899544, "volume": 114098069, "typical_volume": 87514781.7, "trend": 42.099134, "fair_value": 41.115971, "relative_strength": -7.462853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.142203, "energy": 18.768311, "activity_lines": [ 40.104157, 39.926574, 40.32133, 40.957571 ] }, { "date": "2025-06-13", "close": 38.969856, "volume": 58923975, "typical_volume": 85043463.3, "trend": 41.913086, "fair_value": 41.15059, "relative_strength": -10.710525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.864181, "energy": 25.771533, "activity_lines": [ 39.63121, 39.813343, 40.152405, 40.755682 ] }, { "date": "2025-06-20", "close": 38.969856, "volume": 0, "typical_volume": 82767443.65, "trend": 41.683878, "fair_value": 41.177216, "relative_strength": -9.998826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.571384, "energy": 28.381594, "activity_lines": [ 39.38649, 39.713528, 39.996813, 40.565796 ] }, { "date": "2025-06-27", "close": 37.251881, "volume": 98449123, "typical_volume": 85265804.25, "trend": 41.250338, "fair_value": 41.204818, "relative_strength": -15.39069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.697944, "energy": 46.259147, "activity_lines": [ 38.592726, 39.262454, 39.69185, 40.279861 ] }, { "date": "2025-07-04", "close": 37.528503, "volume": 94299371, "typical_volume": 87799740.2, "trend": 40.987471, "fair_value": 41.236039, "relative_strength": -14.037965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.898817, "energy": 52.681159, "activity_lines": [ 38.093258, 38.890632, 39.429495, 40.039742 ] }, { "date": "2025-07-11", "close": 37.200001, "volume": 87334181, "typical_volume": 87012212.5, "trend": 40.724844, "fair_value": 41.27499, "relative_strength": -14.959783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.095018, "energy": 64.548481, "activity_lines": [ 37.651949, 38.471674, 39.154908, 39.79539 ] }, { "date": "2025-07-18", "close": 36.200001, "volume": 75646550, "typical_volume": 86442624.25, "trend": 40.489628, "fair_value": 41.303228, "relative_strength": -18.917113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.196802, "energy": 70.802463, "activity_lines": [ 37.057276, 37.9287, 38.8089, 39.503464 ] }, { "date": "2025-07-25", "close": 35.5, "volume": 46365216, "typical_volume": 78889231.8, "trend": 40.258254, "fair_value": 41.315604, "relative_strength": -19.843173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.780105, "energy": 72.776842, "activity_lines": [ 36.413926, 37.371058, 38.419323, 39.181553 ] }, { "date": "2025-08-01", "close": 35.849998, "volume": 31392054, "typical_volume": 76246098.25, "trend": 39.953824, "fair_value": 41.326534, "relative_strength": -18.711093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.502367, "energy": 70.736183, "activity_lines": [ 36.118567, 36.94658, 38.096589, 38.897149 ] }, { "date": "2025-08-08", "close": 37.549999, "volume": 75548677, "typical_volume": 75275456.5, "trend": 39.731638, "fair_value": 41.353281, "relative_strength": -16.422352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.62494, "energy": 48.755087, "activity_lines": [ 36.483333, 36.911797, 37.969887, 38.742064 ] }, { "date": "2025-08-15", "close": 43.0, "volume": 152711109, "typical_volume": 79634511.7, "trend": 39.763052, "fair_value": 41.423879, "relative_strength": -5.20828, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -6.12518, "energy": 8.305081, "activity_lines": [ 38.663333, 37.913258, 38.38758, 38.952926 ] }, { "date": "2025-08-22", "close": 41.450001, "volume": 97035660, "typical_volume": 82402921.7, "trend": 39.752391, "fair_value": 41.476855, "relative_strength": -6.242263, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.382597, "energy": 24.557428, "activity_lines": [ 39.94, 38.57653, 38.64974, 39.061761 ] }, { "date": "2025-08-29", "close": 39.799999, "volume": 63712785, "typical_volume": 79825100.95, "trend": 39.680335, "fair_value": 41.520484, "relative_strength": -11.394006, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.713014, "energy": 28.553675, "activity_lines": [ 40.316666, 38.894707, 38.746461, 39.064833 ] }, { "date": "2025-09-05", "close": 38.75, "volume": 41266304, "typical_volume": 78492813.1, "trend": 39.616441, "fair_value": 41.556461, "relative_strength": -14.305155, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.760502, "energy": 27.834948, "activity_lines": [ 40.056667, 39.006882, 38.72904, 39.004811 ] }, { "date": "2025-09-12", "close": 41.299999, "volume": 70887920, "typical_volume": 78271505.7, "trend": 39.608772, "fair_value": 41.61155, "relative_strength": -11.947065, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.231914, "energy": 31.441104, "activity_lines": [ 40.453333, 39.555454, 38.954927, 39.113428 ] }, { "date": "2025-09-19", "close": 38.849998, "volume": 40717695, "typical_volume": 77376997.05, "trend": 39.497057, "fair_value": 41.658004, "relative_strength": -17.004308, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.975529, "energy": 8.840487, "activity_lines": [ 39.783332, 39.589999, 38.932819, 39.064474 ] }, { "date": "2025-09-26", "close": 39.299999, "volume": 65273606, "typical_volume": 74992790.15, "trend": 39.438707, "fair_value": 41.707343, "relative_strength": -15.576889, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.437015, "energy": 4.136064, "activity_lines": [ 39.539999, 39.676363, 38.960849, 39.051761 ] }, { "date": "2025-10-03", "close": 37.900002, "volume": 33770081, "typical_volume": 69473189.15, "trend": 39.284136, "fair_value": 41.748322, "relative_strength": -21.614316, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.721789, "energy": 9.732501, "activity_lines": [ 38.973333, 39.451818, 38.870277, 38.95249 ] }, { "date": "2025-10-10", "close": 39.299999, "volume": 26598043, "typical_volume": 66255740.85, "trend": 39.160246, "fair_value": 41.804732, "relative_strength": -19.817827, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.808919, "energy": 10.520368, "activity_lines": [ 39.0, 39.438181, 38.919818, 38.953513 ] }, { "date": "2025-10-17", "close": 37.299999, "volume": 66480527, "typical_volume": 67025547.3, "trend": 38.974485, "fair_value": 41.841557, "relative_strength": -23.421072, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.114025, "energy": 17.894199, "activity_lines": [ 38.323333, 38.998181, 38.783566, 38.833497 ] }, { "date": "2025-10-24", "close": 37.200001, "volume": 140322339, "typical_volume": 68336760.8, "trend": 38.836544, "fair_value": 41.881739, "relative_strength": -23.851357, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.41595, "energy": 31.985559, "activity_lines": [ 37.88, 38.544545, 38.650853, 38.719014 ] }, { "date": "2025-10-31", "close": 36.200001, "volume": 129439530, "typical_volume": 71862538.55, "trend": 38.719621, "fair_value": 41.91428, "relative_strength": -27.313307, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.927134, "energy": 45.058522, "activity_lines": [ 37.213334, 38.014545, 38.435758, 38.548915 ] }, { "date": "2025-11-07", "close": 35.650002, "volume": 104871366, "typical_volume": 77106106.85, "trend": 38.680276, "fair_value": 41.95344, "relative_strength": -26.427276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.965259, "energy": 55.998124, "activity_lines": [ 36.570001, 37.48, 38.181471, 38.350875 ] }, { "date": "2025-11-14", "close": 32.25, "volume": 116979765, "typical_volume": 78032638.95, "trend": 38.460459, "fair_value": 41.97388, "relative_strength": -32.296464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.411782, "energy": 75.973293, "activity_lines": [ 34.943334, 36.402728, 37.619183, 37.936018 ] }, { "date": "2025-11-21", "close": 32.0, "volume": 91428074, "typical_volume": 77889074.1, "trend": 38.25309, "fair_value": 41.983802, "relative_strength": -29.749385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.213364, "energy": 80.827215, "activity_lines": [ 33.703334, 35.398182, 37.056905, 37.519215 ] }, { "date": "2025-11-28", "close": 33.450001, "volume": 80970269, "typical_volume": 77570878.5, "trend": 38.022119, "fair_value": 41.999944, "relative_strength": -28.953594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.967883, "energy": 75.874277, "activity_lines": [ 33.300001, 34.826364, 36.659048, 37.209338 ] }, { "date": "2025-12-05", "close": 32.25, "volume": 66185363, "typical_volume": 77097819.15, "trend": 37.684011, "fair_value": 42.010854, "relative_strength": -31.685895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.821856, "energy": 78.103399, "activity_lines": [ 32.746667, 34.134546, 36.164762, 36.836943 ] }, { "date": "2025-12-12", "close": 35.099998, "volume": 141006945, "typical_volume": 81829905.6, "trend": 37.543208, "fair_value": 42.037266, "relative_strength": -25.628939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.764681, "energy": 51.037211, "activity_lines": [ 33.406666, 34.089091, 35.960714, 36.670233 ] }, { "date": "2025-12-19", "close": 31.35, "volume": 239748733, "typical_volume": 92247739.55, "trend": 37.245435, "fair_value": 42.03011, "relative_strength": -31.785812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.256891, "energy": 48.65673, "activity_lines": [ 32.853333, 33.412727, 35.401429, 36.270671 ] }, { "date": "2025-12-26", "close": 31.9, "volume": 90242689, "typical_volume": 92982440.15, "trend": 36.973988, "fair_value": 42.017565, "relative_strength": -32.073836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.103013, "energy": 46.960005, "activity_lines": [ 32.543333, 32.980909, 34.915952, 35.925804 ] }, { "date": "2026-01-02", "close": 30.700001, "volume": 59086196, "typical_volume": 88301194.5, "trend": 36.667337, "fair_value": 42.007164, "relative_strength": -35.730754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.12728, "energy": 49.1252, "activity_lines": [ 31.84, 32.429091, 34.343095, 35.521031 ] }, { "date": "2026-01-09", "close": 31.200001, "volume": 78624054, "typical_volume": 87380614.2, "trend": 36.408341, "fair_value": 41.995051, "relative_strength": -36.02892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.917637, "energy": 54.626181, "activity_lines": [ 31.486667, 32.086364, 33.876429, 35.168299 ] }, { "date": "2026-01-16", "close": 38.849998, "volume": 596983515, "typical_volume": 114044150.7, "trend": 36.404346, "fair_value": 42.035357, "relative_strength": -22.63771, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.124928, "energy": 15.194007, "activity_lines": [ 33.753333, 33.225454, 34.187143, 35.325826 ] }, { "date": "2026-01-23", "close": 40.200001, "volume": 658256687, "typical_volume": 144893669.85, "trend": 36.502617, "fair_value": 42.090465, "relative_strength": -20.813306, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.819814, "energy": 14.360926, "activity_lines": [ 36.22, 34.551818, 34.630952, 35.570706 ] }, { "date": "2026-01-30", "close": 38.900002, "volume": 178334932, "typical_volume": 150266020.45, "trend": 36.548333, "fair_value": 42.13601, "relative_strength": -23.087177, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 22.737217, "energy": 32.089526, "activity_lines": [ 37.663334, 35.497273, 34.944048, 35.725376 ] }, { "date": "2026-02-06", "close": 36.0, "volume": 92181218, "typical_volume": 152839196.6, "trend": 36.508333, "fair_value": 42.15528, "relative_strength": -27.663484, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.109492, "energy": 31.805506, "activity_lines": [ 37.673334, 35.79, 34.992381, 35.69 ] }, { "date": "2026-02-13", "close": 36.799999, "volume": 29567346, "typical_volume": 151053883.6, "trend": 36.528333, "fair_value": 42.187056, "relative_strength": -29.461479, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.406791, "energy": 32.821159, "activity_lines": [ 37.596667, 36.181818, 35.130476, 35.708817 ] }, { "date": "2026-02-27", "close": 37.599998, "volume": 76211271, "typical_volume": 153175943.1, "trend": 36.598333, "fair_value": 42.218735, "relative_strength": -30.996472, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.673867, "energy": 28.384026, "activity_lines": [ 37.413333, 36.636363, 35.356667, 35.777957 ] }, { "date": "2026-03-06", "close": 33.849998, "volume": 104710138, "typical_volume": 157081547.85, "trend": 36.531667, "fair_value": 42.229756, "relative_strength": -33.883882, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -30.208206, "energy": 14.730151, "activity_lines": [ 36.063332, 36.363636, 35.227143, 35.600645 ] }, { "date": "2026-03-13", "close": 31.799999, "volume": 61515171, "typical_volume": 156833280.05, "trend": 36.34, "fair_value": 42.229789, "relative_strength": -36.77373, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.269974, "energy": 27.442941, "activity_lines": [ 34.453332, 35.672727, 34.928333, 35.295376 ] }, { "date": "2026-03-20", "close": 30.799999, "volume": 74472494, "typical_volume": 153540787.8, "trend": 35.933333, "fair_value": 42.223411, "relative_strength": -38.203341, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.639478, "energy": 39.173298, "activity_lines": [ 32.983332, 34.801817, 34.560476, 34.937957 ] }, { "date": "2026-03-27", "close": 31.1, "volume": 51590362, "typical_volume": 149648329.4, "trend": 35.588333, "fair_value": 42.223875, "relative_strength": -35.967226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.480031, "energy": 57.832043, "activity_lines": [ 31.959999, 33.983636, 34.251666, 34.626129 ] }, { "date": "2026-04-03", "close": 31.549999, "volume": 62656556, "typical_volume": 147537588.9, "trend": 35.313333, "fair_value": 42.224149, "relative_strength": -33.135077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.813551, "energy": 63.958999, "activity_lines": [ 31.466666, 33.24909, 34.009999, 34.365591 ] }, { "date": "2026-04-10", "close": 31.9, "volume": 76531941, "typical_volume": 145515197.7, "trend": 35.085, "fair_value": 42.225745, "relative_strength": -37.018959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.253772, "energy": 59.931021, "activity_lines": [ 31.493333, 32.710908, 33.82119, 34.145376 ] }, { "date": "2026-04-17", "close": 33.099998, "volume": 84946769, "typical_volume": 145191132.45, "trend": 34.811666, "fair_value": 42.23534, "relative_strength": -36.266105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.256552, "energy": 36.66577, "activity_lines": [ 32.049999, 32.541817, 33.748333, 34.017311 ] }, { "date": "2026-04-24", "close": 30.299999, "volume": 95389977, "typical_volume": 145912117.85, "trend": 34.526666, "fair_value": 42.22422, "relative_strength": -43.91048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.674909, "energy": 40.605864, "activity_lines": [ 31.586666, 31.96909, 33.403571, 33.726236 ] }, { "date": "2026-05-01", "close": 30.200001, "volume": 57335352, "typical_volume": 145469617.3, "trend": 34.223333, "fair_value": 42.218914, "relative_strength": -43.183732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.631163, "energy": 45.772538, "activity_lines": [ 31.123333, 31.481818, 33.064285, 33.447096 ] }, { "date": "2026-05-08", "close": 30.549999, "volume": 81764923, "typical_volume": 142507516.2, "trend": 33.978333, "fair_value": 42.214315, "relative_strength": -45.293069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.990392, "energy": 49.150604, "activity_lines": [ 30.836666, 31.178181, 32.768095, 33.210107 ] }, { "date": "2026-05-15", "close": 29.15, "volume": 89542137, "typical_volume": 134997186.4, "trend": 33.64, "fair_value": 42.195824, "relative_strength": -46.236981, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.125471, "energy": 70.95905, "activity_lines": [ 30.15, 30.748181, 32.360238, 32.898602 ] }, { "date": "2026-05-22", "close": 29.5, "volume": 88540102, "typical_volume": 134912057.05, "trend": 33.38, "fair_value": 42.154982, "relative_strength": -46.134665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.446902, "energy": 66.770127, "activity_lines": [ 29.763333, 30.467272, 31.99619, 32.631505 ] }, { "date": "2026-05-29", "close": 29.799999, "volume": 106844300, "typical_volume": 137299962.25, "trend": 33.133333, "fair_value": 42.112375, "relative_strength": -47.657465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.097677, "energy": 54.318944, "activity_lines": [ 29.716666, 30.282727, 31.672142, 32.400537 ] }, { "date": "2026-06-05", "close": 30.299999, "volume": 218621233, "typical_volume": 144299821.2, "trend": 32.936666, "fair_value": 42.059755, "relative_strength": -46.199982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.915932, "energy": 47.731902, "activity_lines": [ 29.869999, 30.207272, 31.399999, 32.217741 ] }, { "date": "2026-06-12", "close": 28.4, "volume": 83526254, "typical_volume": 118626958.15, "trend": 32.695, "fair_value": 41.985732, "relative_strength": -47.576532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.535749, "energy": 47.868105, "activity_lines": [ 29.383333, 29.800909, 30.95119, 31.925053 ] }, { "date": "2026-06-19", "close": 28.299999, "volume": 43938645, "typical_volume": 87911056.05, "trend": 32.563333, "fair_value": 41.91691, "relative_strength": -49.425582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.392026, "energy": 48.386778, "activity_lines": [ 29.006666, 29.433636, 30.542618, 31.641505 ] }, { "date": "2026-06-26", "close": 26.200001, "volume": 75179203, "typical_volume": 82753269.6, "trend": 32.37, "fair_value": 41.802962, "relative_strength": -50.252147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.850318, "energy": 72.079483, "activity_lines": [ 27.986667, 28.75, 29.990714, 31.230967 ] }, { "date": "2026-07-03", "close": 28.0, "volume": 50128391, "typical_volume": 80650628.25, "trend": 32.188333, "fair_value": 41.664586, "relative_strength": -48.462949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.149819, "energy": 67.380333, "activity_lines": [ 27.786667, 28.519091, 29.670714, 30.949032 ] }, { "date": "2026-07-10", "close": 27.700001, "volume": 0, "typical_volume": 79172260.95, "trend": 32.036666, "fair_value": 41.508301, "relative_strength": -46.478278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.038158, "energy": 65.98095, "activity_lines": [ 27.606667, 28.275455, 29.360238, 30.659462 ] }, { "date": "2026-07-17", "close": 26.049999, "volume": 51290251, "typical_volume": 77926209.95, "trend": 31.735, "fair_value": 41.339595, "relative_strength": -45.561205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.491237, "energy": 72.330458, "activity_lines": [ 27.05, 27.777273, 28.935952, 30.273225 ] }, { "date": "2026-07-24", "close": 25.799999, "volume": 35782030, "typical_volume": 74479804.55, "trend": 31.55, "fair_value": 41.171131, "relative_strength": -46.418965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.49789, "energy": 69.065552, "activity_lines": [ 26.566666, 27.315454, 28.542857, 29.890322 ] }, { "date": "2026-07-31", "close": 24.299999, "volume": 47913255, "typical_volume": 73799708.75, "trend": 31.296666, "fair_value": 41.002274, "relative_strength": -48.041992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.397251, "energy": 79.198782, "activity_lines": [ 25.749999, 26.641818, 28.045238, 29.42258 ] }, { "date": "2026-08-07", "close": 25.950001, "volume": 32279133, "typical_volume": 71690040.7, "trend": 31.138333, "fair_value": 40.870123, "relative_strength": -44.981834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.495552, "energy": 66.69172, "activity_lines": [ 25.61, 26.362727, 27.740476, 29.077634 ] }, { "date": "2026-08-14", "close": 26.35, "volume": 43652741, "typical_volume": 71293159.65, "trend": 30.976666, "fair_value": 40.737155, "relative_strength": -45.088505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.752433, "energy": 52.052305, "activity_lines": [ 25.74, 26.226364, 27.496905, 28.768709 ] } ], "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." } } }