{ "ticker": { "uuid": "fbf224fb-b606-4c3c-9c50-c8e334121480", "symbol": "002605", "name": "Shanghai Yaoji Technology Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -52.294, "architecture_energy": 39.627, "architecture_maturity": 70.695, "architecture_confidence": 78.782, "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": 36.45, "rotation_up": 21.0, "upward_expansion": 4.95, "deceleration": 59.31, "rotation_down": 44.67, "downward_expansion": 71.28 }, "activity_lines": [ 18.393333, 18.598459, 18.848937, 19.649497 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 18.42, "trend_reference": 21.171298, "distance_from_trend": -0.129954, "trend_direction": "Weakening", "fair_value": 24.161201, "distance_from_fair_value": -0.237621, "fair_value_direction": "Weakening", "relative_strength": -23.913007, "relative_strength_direction": "Improving", "price_momentum": -0.291266, "excess_performance": -0.298666, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.129954, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.078338, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.237621, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.039282, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.23913, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.113919, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.291266, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.489448, "read": "Supply-led" } ], "volume": { "latest": 41187821, "relative_activity": 1.239368, "balance": 0.489448, "dry_up": 1.809714, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.075169, "annualized_volatility": 0.390745, "from_high_reference": -0.408478, "from_low_reference": 0.118397 }, "levels": { "trend_reference": 21.171298, "fair_value_reference": 24.161201, "structural_low": 16.469999, "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": 29, "median_return": 0.009151, "positive_rate": 0.517241, "directional_follow_through": 0.482759, "median_excess_return": -0.005048, "regime_survival": 0.793103, "best_return": 0.346432, "worst_return": -0.266192, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.057879, "positive_rate": 0.636364, "directional_follow_through": 0.363636, "median_excess_return": -0.011544, "regime_survival": 0.454545, "best_return": 0.841094, "worst_return": -0.155359, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.014654, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.007851, "regime_survival": 0.166667, "best_return": 0.555064, "worst_return": -0.226214, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.006013, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.014254, "regime_survival": 0.5, "best_return": 1.398535, "worst_return": -0.292035, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-09-27", "tenure": "Established", "return": 0.127326, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-10-25", "tenure": "New", "return": 0.082149, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-01", "end": "2025-01-03", "tenure": "Developing", "return": -0.011881, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-03-28", "tenure": "Developing", "return": 0.131301, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.083923, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": 0.074419, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-09-05", "tenure": "Established", "return": -0.052597, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-10-10", "tenure": "Developing", "return": -0.029298, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.003492, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-31", "end": "2025-11-14", "tenure": "New", "return": -0.022359, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-01-09", "tenure": "Developing", "return": 0.061259, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-27", "tenure": "Developing", "return": -0.104114, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.023285, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": -0.135617, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 29.548038, "volume": 52048858, "typical_volume": 95207407.65, "trend": 26.574002, "fair_value": 20.818605, "relative_strength": 43.642389, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.274193, "energy": 25.126424, "activity_lines": [ 32.310759, 35.474963, 34.484918, 31.341314 ] }, { "date": "2023-08-04", "close": 31.670065, "volume": 82823067, "typical_volume": 96261446.8, "trend": 27.19073, "fair_value": 20.803763, "relative_strength": 49.355692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.823477, "energy": 25.682123, "activity_lines": [ 31.340601, 34.610893, 34.41731, 31.670092 ] }, { "date": "2023-08-11", "close": 31.528597, "volume": 94072275, "typical_volume": 92382528.25, "trend": 27.761817, "fair_value": 20.808179, "relative_strength": 51.749363, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.816647, "energy": 20.411858, "activity_lines": [ 31.131228, 33.691949, 34.273028, 31.949955 ] }, { "date": "2023-08-18", "close": 27.944729, "volume": 93548298, "typical_volume": 91436168.8, "trend": 28.231873, "fair_value": 20.775949, "relative_strength": 36.808158, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.875103, "energy": 19.847469, "activity_lines": [ 30.00451, 32.231137, 33.749312, 31.961756 ] }, { "date": "2023-08-25", "close": 27.793829, "volume": 67781579, "typical_volume": 90380816.5, "trend": 28.692838, "fair_value": 20.751483, "relative_strength": 38.24684, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.160205, "energy": 19.39555, "activity_lines": [ 29.214801, 30.935286, 33.195711, 31.933495 ] }, { "date": "2023-09-01", "close": 28.331409, "volume": 57950991, "typical_volume": 85770191.35, "trend": 29.148916, "fair_value": 20.733566, "relative_strength": 34.436543, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.293555, "energy": 35.153881, "activity_lines": [ 28.759587, 30.043606, 32.699356, 31.910177 ] }, { "date": "2023-09-08", "close": 25.992464, "volume": 55493119, "typical_volume": 82317997.65, "trend": 29.512659, "fair_value": 20.682329, "relative_strength": 23.898677, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.954407, "energy": 46.488768, "activity_lines": [ 27.605833, 28.948212, 32.006002, 31.706535 ] }, { "date": "2023-09-15", "close": 24.841856, "volume": 41911298, "typical_volume": 78517097.3, "trend": 29.83586, "fair_value": 20.638194, "relative_strength": 18.628119, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.863946, "energy": 56.703648, "activity_lines": [ 26.44705, 27.967193, 31.230501, 31.405192 ] }, { "date": "2023-09-22", "close": 25.303984, "volume": 43764803, "typical_volume": 78287187.0, "trend": 30.164157, "fair_value": 20.608972, "relative_strength": 18.930594, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.465915, "energy": 58.24574, "activity_lines": [ 25.888092, 27.267395, 30.534693, 31.112813 ] }, { "date": "2023-09-29", "close": 25.370003, "volume": 43219232, "typical_volume": 76615591.7, "trend": 30.475284, "fair_value": 20.594535, "relative_strength": 18.552786, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.060031, "energy": 61.422142, "activity_lines": [ 25.52719, 26.733245, 29.875215, 30.803513 ] }, { "date": "2023-10-13", "close": 23.200823, "volume": 50675818, "typical_volume": 74957994.35, "trend": 30.65256, "fair_value": 20.560276, "relative_strength": 7.713815, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.035243, "energy": 81.698488, "activity_lines": [ 24.604817, 25.891122, 29.023392, 30.334193 ] }, { "date": "2023-10-20", "close": 22.41803, "volume": 33047697, "typical_volume": 73337844.1, "trend": 30.786561, "fair_value": 20.529731, "relative_strength": 8.270891, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.422414, "energy": 86.22848, "activity_lines": [ 23.763552, 25.022077, 28.128908, 29.802933 ] }, { "date": "2023-10-27", "close": 21.861588, "volume": 36994145, "typical_volume": 68382932.15, "trend": 30.731123, "fair_value": 20.498033, "relative_strength": 2.387827, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.016013, "energy": 88.5181, "activity_lines": [ 22.975101, 24.22008, 27.217851, 29.227128 ] }, { "date": "2023-11-03", "close": 22.540636, "volume": 131551488, "typical_volume": 68962922.8, "trend": 30.659581, "fair_value": 20.467355, "relative_strength": 3.620949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.810343, "energy": 85.164615, "activity_lines": [ 22.611685, 23.71731, 26.446242, 28.69871 ] }, { "date": "2023-11-10", "close": 23.81385, "volume": 156684956, "typical_volume": 72057006.75, "trend": 30.484582, "fair_value": 20.426971, "relative_strength": 6.957461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.796193, "energy": 72.828293, "activity_lines": [ 22.856896, 23.54429, 25.872015, 28.25705 ] }, { "date": "2023-11-17", "close": 24.81356, "volume": 92792475, "typical_volume": 73219124.5, "trend": 30.187012, "fair_value": 20.404429, "relative_strength": 10.219534, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.337778, "energy": 54.522575, "activity_lines": [ 23.539088, 23.625398, 25.492206, 27.891177 ] }, { "date": "2023-11-24", "close": 24.370293, "volume": 150825225, "typical_volume": 76495617.0, "trend": 29.940899, "fair_value": 20.389157, "relative_strength": 8.79481, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.908873, "energy": 43.672462, "activity_lines": [ 23.966008, 23.689873, 25.144957, 27.515905 ] }, { "date": "2023-12-01", "close": 24.379726, "volume": 91303022, "typical_volume": 76512395.5, "trend": 29.67573, "fair_value": 20.372738, "relative_strength": 9.078189, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.665456, "energy": 33.951444, "activity_lines": [ 24.265921, 23.785557, 24.891077, 27.15712 ] }, { "date": "2023-12-08", "close": 25.530334, "volume": 165045561, "typical_volume": 79648934.4, "trend": 29.472971, "fair_value": 20.3672, "relative_strength": 14.832614, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.955467, "energy": 24.969755, "activity_lines": [ 24.781495, 24.098846, 24.800627, 26.889675 ] }, { "date": "2023-12-15", "close": 26.501753, "volume": 144594732, "typical_volume": 84306431.95, "trend": 29.411, "fair_value": 20.372313, "relative_strength": 19.763808, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.456897, "energy": 23.508012, "activity_lines": [ 25.421562, 24.58464, 24.841855, 26.697983 ] }, { "date": "2023-12-22", "close": 22.484047, "volume": 90606134, "typical_volume": 86234295.75, "trend": 29.16387, "fair_value": 20.360461, "relative_strength": 2.351341, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.806999, "energy": 28.727786, "activity_lines": [ 24.5432, 24.319365, 24.51769, 26.251083 ] }, { "date": "2023-12-29", "close": 20.956188, "volume": 125077071, "typical_volume": 88346995.95, "trend": 28.860187, "fair_value": 20.332323, "relative_strength": -8.390662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.345911, "energy": 44.177653, "activity_lines": [ 23.310852, 23.78933, 24.081653, 25.721555 ] }, { "date": "2024-01-05", "close": 20.456335, "volume": 64526431, "typical_volume": 86869703.75, "trend": 28.289912, "fair_value": 20.310921, "relative_strength": -7.336829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.876282, "energy": 53.897539, "activity_lines": [ 22.139494, 23.194991, 23.649029, 25.179371 ] }, { "date": "2024-01-12", "close": 19.447195, "volume": 59426249, "typical_volume": 85163601.3, "trend": 27.653933, "fair_value": 20.285347, "relative_strength": -11.411053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.605891, "energy": 80.234414, "activity_lines": [ 20.893315, 22.442723, 23.173022, 24.608873 ] }, { "date": "2024-01-19", "close": 20.324295, "volume": 70781576, "typical_volume": 85313601.15, "trend": 26.843162, "fair_value": 20.281425, "relative_strength": -5.986335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.163655, "energy": 76.477462, "activity_lines": [ 20.345046, 21.906171, 22.821012, 24.135994 ] }, { "date": "2024-01-26", "close": 22.050211, "volume": 184095617, "typical_volume": 91620832.45, "trend": 26.227617, "fair_value": 20.281786, "relative_strength": 1.237395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.775876, "energy": 54.954479, "activity_lines": [ 20.783912, 21.746869, 22.668945, 23.826771 ] }, { "date": "2024-02-02", "close": 20.446901, "volume": 128021063, "typical_volume": 95247229.65, "trend": 25.449541, "fair_value": 20.269228, "relative_strength": 1.037113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.165549, "energy": 45.456721, "activity_lines": [ 20.717264, 21.346299, 22.394092, 23.453822 ] }, { "date": "2024-02-09", "close": 21.984192, "volume": 137837354, "typical_volume": 100043532.45, "trend": 24.992755, "fair_value": 20.263939, "relative_strength": -1.746597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.761619, "energy": 33.436682, "activity_lines": [ 21.196999, 21.29657, 22.292055, 23.230251 ] }, { "date": "2024-02-23", "close": 23.247976, "volume": 149488273, "typical_volume": 105329705.95, "trend": 24.642542, "fair_value": 20.260201, "relative_strength": 0.061697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.634502, "energy": 17.732833, "activity_lines": [ 21.996138, 21.520176, 22.323986, 23.117684 ] }, { "date": "2024-03-01", "close": 26.10564, "volume": 203387867, "typical_volume": 113338137.7, "trend": 24.508618, "fair_value": 20.267026, "relative_strength": 6.828323, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.697264, "energy": 12.054563, "activity_lines": [ 23.494446, 22.304854, 22.637867, 23.212078 ] }, { "date": "2024-03-08", "close": 23.766695, "volume": 114700248, "typical_volume": 116539359.2, "trend": 24.315907, "fair_value": 20.28, "relative_strength": -2.944154, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.796632, "energy": 20.482824, "activity_lines": [ 23.827683, 22.671472, 22.725487, 23.164212 ] }, { "date": "2024-03-15", "close": 24.379726, "volume": 108395182, "typical_volume": 120306733.45, "trend": 24.072896, "fair_value": 20.28909, "relative_strength": -3.802156, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.61981, "energy": 21.274049, "activity_lines": [ 24.250832, 23.126229, 22.868797, 23.168329 ] }, { "date": "2024-03-22", "close": 24.257118, "volume": 99933506, "typical_volume": 123453701.5, "trend": 23.830513, "fair_value": 20.291476, "relative_strength": -4.491651, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.792341, "energy": 21.379549, "activity_lines": [ 24.370922, 23.496447, 22.991089, 23.180214 ] }, { "date": "2024-03-29", "close": 21.729551, "volume": 60394377, "typical_volume": 119895845.95, "trend": 23.62334, "fair_value": 20.288404, "relative_strength": -13.371252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.317672, "energy": 11.933404, "activity_lines": [ 23.496962, 23.338003, 22.861252, 23.044669 ] }, { "date": "2024-04-05", "close": 21.333439, "volume": 26599630, "typical_volume": 113391579.65, "trend": 23.407994, "fair_value": 20.280782, "relative_strength": -16.361273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.994903, "energy": 18.320009, "activity_lines": [ 22.592193, 23.066041, 22.697553, 22.896933 ] }, { "date": "2024-04-12", "close": 20.371452, "volume": 36201327, "typical_volume": 110562022.25, "trend": 23.142662, "fair_value": 20.274059, "relative_strength": -17.454001, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.910352, "energy": 30.99205, "activity_lines": [ 21.684909, 22.600824, 22.454048, 22.701027 ] }, { "date": "2024-04-19", "close": 20.701546, "volume": 49462298, "typical_volume": 105493875.9, "trend": 22.966298, "fair_value": 20.271521, "relative_strength": -16.460833, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.241509, "energy": 40.651049, "activity_lines": [ 21.114005, 22.226147, 22.263133, 22.543536 ] }, { "date": "2024-04-26", "close": 22.625515, "volume": 64318937, "typical_volume": 104144671.65, "trend": 22.89242, "fair_value": 20.282982, "relative_strength": -10.173174, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.14413, "energy": 38.622729, "activity_lines": [ 21.429636, 22.196653, 22.272923, 22.52155 ] }, { "date": "2024-05-03", "close": 24.408018, "volume": 49351281, "typical_volume": 98359957.65, "trend": 22.862555, "fair_value": 20.303572, "relative_strength": -4.184412, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.680516, "energy": 10.05938, "activity_lines": [ 22.448209, 22.479589, 22.460829, 22.61933 ] }, { "date": "2024-05-10", "close": 23.153666, "volume": 62426621, "typical_volume": 94251552.1, "trend": 22.788677, "fair_value": 20.319567, "relative_strength": -10.147362, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.713826, "energy": 6.069818, "activity_lines": [ 22.870099, 22.51337, 22.534617, 22.638112 ] }, { "date": "2024-05-17", "close": 22.352013, "volume": 47165937, "typical_volume": 92079542.25, "trend": 22.760383, "fair_value": 20.340018, "relative_strength": -12.730461, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.572097, "energy": 11.502358, "activity_lines": [ 22.903424, 22.455069, 22.548001, 22.60994 ] }, { "date": "2024-05-24", "close": 21.333439, "volume": 51769925, "typical_volume": 88414184.95, "trend": 22.72423, "fair_value": 20.348712, "relative_strength": -13.993477, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.751196, "energy": 17.988457, "activity_lines": [ 22.465186, 22.237293, 22.465006, 22.517879 ] }, { "date": "2024-05-31", "close": 21.550356, "volume": 31221467, "typical_volume": 86748936.75, "trend": 22.713856, "fair_value": 20.364254, "relative_strength": -12.307795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.16792, "energy": 27.646382, "activity_lines": [ 22.057128, 22.114344, 22.400874, 22.442145 ] }, { "date": "2024-06-07", "close": 20.833584, "volume": 32772599, "typical_volume": 85416254.25, "trend": 22.656954, "fair_value": 20.378075, "relative_strength": -13.910219, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.36883, "energy": 45.801571, "activity_lines": [ 21.481824, 21.910287, 22.263268, 22.320837 ] }, { "date": "2024-06-14", "close": 21.456045, "volume": 22431345, "typical_volume": 82998742.7, "trend": 22.57836, "fair_value": 20.395597, "relative_strength": -10.584013, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.235471, "energy": 44.745206, "activity_lines": [ 21.352301, 21.835694, 22.178342, 22.243359 ] }, { "date": "2024-06-21", "close": 20.802082, "volume": 27252784, "typical_volume": 75156601.05, "trend": 22.444644, "fair_value": 20.410997, "relative_strength": -10.672907, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.86399, "energy": 51.545331, "activity_lines": [ 21.117966, 21.639971, 22.025744, 22.128761 ] }, { "date": "2024-06-28", "close": 20.065117, "volume": 26113125, "typical_volume": 70061204.15, "trend": 22.301139, "fair_value": 20.39714, "relative_strength": -10.607897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.300732, "energy": 60.460703, "activity_lines": [ 20.741305, 21.302423, 21.808903, 21.975243 ] }, { "date": "2024-07-05", "close": 19.337976, "volume": 21706342, "typical_volume": 64254653.55, "trend": 22.13308, "fair_value": 20.382816, "relative_strength": -11.362446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.512824, "energy": 63.664619, "activity_lines": [ 20.206818, 20.84424, 21.524629, 21.784071 ] }, { "date": "2024-07-12", "close": 17.883699, "volume": 42052988, "typical_volume": 58882889.3, "trend": 21.878192, "fair_value": 20.365949, "relative_strength": -18.27356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.218309, "energy": 77.182267, "activity_lines": [ 19.335064, 20.181416, 21.114453, 21.509917 ] }, { "date": "2024-07-19", "close": 17.087774, "volume": 35358378, "typical_volume": 50481414.85, "trend": 21.564393, "fair_value": 20.348937, "relative_strength": -21.512406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.969403, "energy": 85.573226, "activity_lines": [ 18.394661, 19.492503, 20.654019, 21.200858 ] }, { "date": "2024-07-26", "close": 16.881426, "volume": 25670825, "typical_volume": 46029943.7, "trend": 21.377639, "fair_value": 20.330308, "relative_strength": -19.010153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.576328, "energy": 90.00565, "activity_lines": [ 17.676693, 18.876361, 20.216874, 20.898731 ] }, { "date": "2024-08-02", "close": 17.274473, "volume": 28618740, "typical_volume": 42041121.6, "trend": 21.254915, "fair_value": 20.315256, "relative_strength": -16.191978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.997876, "energy": 87.307989, "activity_lines": [ 17.351118, 18.431147, 19.84995, 20.634011 ] }, { "date": "2024-08-09", "close": 18.55188, "volume": 80714799, "typical_volume": 41080186.25, "trend": 21.191433, "fair_value": 20.312332, "relative_strength": -7.948705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.918524, "energy": 77.108668, "activity_lines": [ 17.637388, 18.291988, 19.638518, 20.459621 ] }, { "date": "2024-08-16", "close": 18.070395, "volume": 43452796, "typical_volume": 40233107.2, "trend": 21.14554, "fair_value": 20.308613, "relative_strength": -9.392524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.399153, "energy": 53.113963, "activity_lines": [ 17.815569, 18.119804, 19.408398, 20.258264 ] }, { "date": "2024-08-23", "close": 17.706827, "volume": 38366066, "typical_volume": 40821429.0, "trend": 21.058291, "fair_value": 20.309852, "relative_strength": -8.840514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.774346, "energy": 48.050932, "activity_lines": [ 17.860115, 17.931757, 19.161078, 20.036412 ] }, { "date": "2024-08-30", "close": 20.212509, "volume": 109036351, "typical_volume": 44463180.2, "trend": 20.997034, "fair_value": 20.337498, "relative_strength": 2.190981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.425374, "energy": 22.86267, "activity_lines": [ 18.698618, 18.267456, 19.169663, 19.981845 ] }, { "date": "2024-09-06", "close": 20.222336, "volume": 44078630, "typical_volume": 44193996.8, "trend": 20.989549, "fair_value": 20.368087, "relative_strength": 5.197253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.522967, "energy": 21.51994, "activity_lines": [ 19.318324, 18.615661, 19.179941, 19.931864 ] }, { "date": "2024-09-13", "close": 19.740852, "volume": 36701352, "typical_volume": 42813117.55, "trend": 20.914771, "fair_value": 20.389007, "relative_strength": 4.786455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.619304, "energy": 22.953809, "activity_lines": [ 19.581012, 18.873465, 19.146645, 19.851303 ] }, { "date": "2024-09-20", "close": 19.003885, "volume": 19819415, "typical_volume": 41336524.25, "trend": 20.773301, "fair_value": 20.410551, "relative_strength": -0.127472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.133633, "energy": 22.838246, "activity_lines": [ 19.518779, 18.98995, 19.056899, 19.72802 ] }, { "date": "2024-09-27", "close": 22.61993, "volume": 73194011, "typical_volume": 41874893.75, "trend": 20.657111, "fair_value": 20.454452, "relative_strength": 0.947573, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.490706, "energy": 25.977991, "activity_lines": [ 20.599662, 19.743531, 19.337271, 19.847158 ] }, { "date": "2024-10-04", "close": 24.879957, "volume": 23977188, "typical_volume": 40715456.3, "trend": 20.69422, "fair_value": 20.510842, "relative_strength": 0.432699, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.80844, "energy": 62.21928, "activity_lines": [ 22.106347, 20.807441, 19.835426, 20.119599 ] }, { "date": "2024-10-11", "close": 22.433231, "volume": 73274432, "typical_volume": 41790681.65, "trend": 20.629336, "fair_value": 20.549902, "relative_strength": -5.005153, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.120686, "energy": 53.728798, "activity_lines": [ 22.486293, 21.281064, 20.088522, 20.231794 ] }, { "date": "2024-10-18", "close": 25.587446, "volume": 82473684, "typical_volume": 44353292.5, "trend": 20.673681, "fair_value": 20.612532, "relative_strength": 5.102307, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.634625, "energy": 71.69274, "activity_lines": [ 23.770251, 22.234385, 20.636782, 20.551672 ] }, { "date": "2024-10-25", "close": 26.923809, "volume": 129944367, "typical_volume": 49211880.9, "trend": 20.846823, "fair_value": 20.684669, "relative_strength": 7.691499, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.428462, "energy": 83.842695, "activity_lines": [ 25.109891, 23.302762, 21.29309, 20.954906 ] }, { "date": "2024-11-01", "close": 24.811174, "volume": 70814345, "typical_volume": 51631030.9, "trend": 20.962747, "fair_value": 20.742499, "relative_strength": 0.689693, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.370508, "energy": 65.180056, "activity_lines": [ 25.217324, 23.826052, 21.719194, 21.210671 ] }, { "date": "2024-11-08", "close": 26.727285, "volume": 73742885, "typical_volume": 53955535.95, "trend": 21.174608, "fair_value": 20.807028, "relative_strength": 1.514422, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.281338, "energy": 74.950941, "activity_lines": [ 25.817378, 24.568556, 22.311808, 21.582576 ] }, { "date": "2024-11-15", "close": 32.917797, "volume": 166144689, "typical_volume": 60957114.15, "trend": 21.581817, "fair_value": 20.917058, "relative_strength": 29.116156, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.494179, "energy": 81.434932, "activity_lines": [ 28.357781, 26.318157, 23.465779, 22.340201 ] }, { "date": "2024-11-22", "close": 29.881498, "volume": 160655696, "typical_volume": 67904581.85, "trend": 21.823683, "fair_value": 21.00839, "relative_strength": 20.323169, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.023869, "energy": 64.923562, "activity_lines": [ 29.187113, 27.284878, 24.269376, 22.875665 ] }, { "date": "2024-11-29", "close": 31.22769, "volume": 196149713, "typical_volume": 75609418.1, "trend": 22.051005, "fair_value": 21.108938, "relative_strength": 23.229718, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.554849, "energy": 72.710804, "activity_lines": [ 30.178905, 28.311985, 25.150974, 23.482375 ] }, { "date": "2024-12-06", "close": 31.492994, "volume": 114156111, "typical_volume": 79549304.75, "trend": 22.328983, "fair_value": 21.20531, "relative_strength": 21.80562, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.076861, "energy": 67.466882, "activity_lines": [ 30.972207, 29.165078, 25.994297, 24.091535 ] }, { "date": "2024-12-13", "close": 33.585979, "volume": 126766566, "typical_volume": 84604091.8, "trend": 22.703448, "fair_value": 21.312629, "relative_strength": 30.365448, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.924167, "energy": 60.425189, "activity_lines": [ 32.017716, 30.237385, 26.968355, 24.817793 ] }, { "date": "2024-12-20", "close": 30.756029, "volume": 71929502, "typical_volume": 86769629.9, "trend": 23.017535, "fair_value": 21.402924, "relative_strength": 20.063511, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.894868, "energy": 51.134285, "activity_lines": [ 31.662661, 30.636865, 27.593348, 25.337314 ] }, { "date": "2024-12-27", "close": 26.864853, "volume": 87818609, "typical_volume": 87124820.4, "trend": 23.194684, "fair_value": 21.470804, "relative_strength": 4.673426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.0867, "energy": 36.398612, "activity_lines": [ 30.154666, 30.177535, 27.783556, 25.585529 ] }, { "date": "2025-01-03", "close": 24.51639, "volume": 42890697, "typical_volume": 87096715.45, "trend": 23.317445, "fair_value": 21.524628, "relative_strength": 2.658873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.122759, "energy": 18.755464, "activity_lines": [ 28.06496, 29.267986, 27.710514, 25.6708 ] }, { "date": "2025-01-10", "close": 24.172472, "volume": 52955575, "typical_volume": 87826190.9, "trend": 23.407992, "fair_value": 21.572016, "relative_strength": 2.082227, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.278577, "energy": 21.391436, "activity_lines": [ 26.308034, 28.339677, 27.574024, 25.725963 ] }, { "date": "2025-01-17", "close": 27.120335, "volume": 161252706, "typical_volume": 90437008.65, "trend": 23.618601, "fair_value": 21.624311, "relative_strength": 9.969172, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.618407, "energy": 23.079508, "activity_lines": [ 26.021765, 27.958956, 27.687493, 25.965469 ] }, { "date": "2025-01-24", "close": 28.004692, "volume": 96483152, "typical_volume": 93057234.75, "trend": 23.883253, "fair_value": 21.683157, "relative_strength": 11.744226, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.3578, "energy": 17.049496, "activity_lines": [ 26.461323, 27.731881, 27.852293, 26.248443 ] }, { "date": "2025-01-31", "close": 27.483902, "volume": 12646948, "typical_volume": 91854514.55, "trend": 24.154784, "fair_value": 21.725733, "relative_strength": 10.975589, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.018863, "energy": 11.759434, "activity_lines": [ 26.910708, 27.499447, 27.930434, 26.480743 ] }, { "date": "2025-02-07", "close": 29.527754, "volume": 61947349, "typical_volume": 93960911.25, "trend": 24.542919, "fair_value": 21.771536, "relative_strength": 14.265569, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.497807, "energy": 21.146223, "activity_lines": [ 28.000106, 27.682214, 28.166357, 26.827386 ] }, { "date": "2025-02-14", "close": 29.635843, "volume": 71602433, "typical_volume": 93881332.35, "trend": 24.961188, "fair_value": 21.775594, "relative_strength": 12.598755, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.661014, "energy": 28.414697, "activity_lines": [ 28.791444, 27.915542, 28.36246, 27.155961 ] }, { "date": "2025-02-21", "close": 28.328957, "volume": 70062504, "typical_volume": 96185598.15, "trend": 25.342772, "fair_value": 21.794257, "relative_strength": 5.252833, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.484567, "energy": 26.011361, "activity_lines": [ 28.782928, 27.94502, 28.400689, 27.373237 ] }, { "date": "2025-02-28", "close": 25.901884, "volume": 60704140, "typical_volume": 95557083.55, "trend": 25.630353, "fair_value": 21.825693, "relative_strength": -0.06135, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.677703, "energy": 14.527339, "activity_lines": [ 27.884812, 27.628795, 28.191344, 27.409309 ] }, { "date": "2025-03-07", "close": 27.434772, "volume": 55844474, "typical_volume": 94225623.05, "trend": 25.926449, "fair_value": 21.851202, "relative_strength": 3.589054, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.80565, "energy": 8.009547, "activity_lines": [ 27.637847, 27.679534, 28.11147, 27.525723 ] }, { "date": "2025-03-14", "close": 28.574612, "volume": 49707422, "typical_volume": 90213775.8, "trend": 26.27659, "fair_value": 21.890484, "relative_strength": 6.514482, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.484306, "energy": 10.304457, "activity_lines": [ 27.774104, 27.927154, 28.131357, 27.696572 ] }, { "date": "2025-03-21", "close": 27.405293, "volume": 49880674, "typical_volume": 89167092.25, "trend": 26.599872, "fair_value": 21.94055, "relative_strength": 4.911436, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.864885, "energy": 8.776374, "activity_lines": [ 27.58413, 27.888385, 28.032018, 27.769392 ] }, { "date": "2025-03-28", "close": 27.346336, "volume": 31249667, "typical_volume": 87042431.35, "trend": 26.837666, "fair_value": 21.994941, "relative_strength": 5.256645, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.019941, "energy": 5.286021, "activity_lines": [ 27.523208, 27.780118, 27.914712, 27.81755 ] }, { "date": "2025-04-04", "close": 27.74921, "volume": 29947613, "typical_volume": 80232577.55, "trend": 27.088562, "fair_value": 22.058497, "relative_strength": 8.918809, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.208063, "energy": 2.586623, "activity_lines": [ 27.662085, 27.740992, 27.832827, 27.87636 ] }, { "date": "2025-04-11", "close": 25.744665, "volume": 48317236, "typical_volume": 74615654.55, "trend": 27.288689, "fair_value": 22.107969, "relative_strength": 6.169016, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.256053, "energy": 22.282674, "activity_lines": [ 27.009625, 27.342048, 27.584645, 27.789657 ] }, { "date": "2025-04-18", "close": 25.420401, "volume": 66825059, "typical_volume": 68149421.85, "trend": 27.502573, "fair_value": 22.157008, "relative_strength": 5.09599, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.980319, "energy": 36.297944, "activity_lines": [ 26.361751, 26.91577, 27.32528, 27.669122 ] }, { "date": "2025-04-25", "close": 25.351616, "volume": 42605066, "typical_volume": 64571869.6, "trend": 27.593629, "fair_value": 22.202197, "relative_strength": 3.247487, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.117242, "energy": 53.530046, "activity_lines": [ 25.901229, 26.551664, 27.087018, 27.530351 ] }, { "date": "2025-05-02", "close": 26.599545, "volume": 33074636, "typical_volume": 59887273.1, "trend": 27.650949, "fair_value": 22.255856, "relative_strength": 8.399795, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.076136, "energy": 50.402058, "activity_lines": [ 25.993595, 26.49235, 26.996851, 27.466216 ] }, { "date": "2025-05-09", "close": 26.167191, "volume": 35914960, "typical_volume": 58086546.0, "trend": 27.775414, "fair_value": 22.321673, "relative_strength": 4.082133, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.634108, "energy": 42.530793, "activity_lines": [ 25.99163, 26.385869, 26.898776, 27.37049 ] }, { "date": "2025-05-16", "close": 25.528488, "volume": 28267048, "typical_volume": 55108967.95, "trend": 27.773449, "fair_value": 22.393212, "relative_strength": 0.854552, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.91882, "energy": 33.733646, "activity_lines": [ 25.882231, 26.158437, 26.761724, 27.225527 ] }, { "date": "2025-05-23", "close": 25.774143, "volume": 66089902, "typical_volume": 56268928.2, "trend": 27.735127, "fair_value": 22.472439, "relative_strength": 2.078123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.339132, "energy": 27.362432, "activity_lines": [ 25.86913, 26.010329, 26.654431, 27.096539 ] }, { "date": "2025-05-30", "close": 27.238247, "volume": 68813501, "typical_volume": 57061824.5, "trend": 27.816029, "fair_value": 22.561814, "relative_strength": 8.51817, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.857592, "energy": 17.873149, "activity_lines": [ 26.32048, 26.17934, 26.680587, 27.064483 ] }, { "date": "2025-06-06", "close": 30.799999, "volume": 82005741, "typical_volume": 53099476.25, "trend": 27.951786, "fair_value": 22.670025, "relative_strength": 20.268718, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.316636, "energy": 11.909955, "activity_lines": [ 27.833305, 26.998979, 27.031359, 27.256997 ] }, { "date": "2025-06-13", "close": 29.540001, "volume": 155921239, "typical_volume": 56071380.6, "trend": 27.839193, "fair_value": 22.768689, "relative_strength": 15.521021, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.387312, "energy": 28.058879, "activity_lines": [ 28.646101, 27.526734, 27.244609, 27.359462 ] }, { "date": "2025-06-20", "close": 26.01, "volume": 91057838, "typical_volume": 59991925.1, "trend": 27.710143, "fair_value": 22.845548, "relative_strength": 2.668391, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.871204, "energy": 15.280353, "activity_lines": [ 28.057376, 27.38011, 27.114357, 27.24145 ] }, { "date": "2025-06-27", "close": 26.940001, "volume": 58154496, "typical_volume": 59802282.45, "trend": 27.56722, "fair_value": 22.924607, "relative_strength": 2.25739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.080129, "energy": 13.506891, "activity_lines": [ 27.74655, 27.397753, 27.079696, 27.191763 ] }, { "date": "2025-07-04", "close": 27.639999, "volume": 59880564, "typical_volume": 59216189.0, "trend": 27.438787, "fair_value": 23.008329, "relative_strength": 3.296503, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.437259, "energy": 4.861518, "activity_lines": [ 27.591333, 27.51504, 27.124023, 27.196459 ] }, { "date": "2025-07-11", "close": 27.59, "volume": 56145772, "typical_volume": 58520352.4, "trend": 27.238921, "fair_value": 23.088322, "relative_strength": 0.877338, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.143414, "energy": 8.547751, "activity_lines": [ 27.392667, 27.581629, 27.173093, 27.206214 ] }, { "date": "2025-07-18", "close": 27.219999, "volume": 48589576, "typical_volume": 57914624.2, "trend": 27.121053, "fair_value": 23.163298, "relative_strength": -2.880938, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 20.310317, "energy": 10.622243, "activity_lines": [ 27.284666, 27.562936, 27.190443, 27.204994 ] }, { "date": "2025-07-25", "close": 26.969999, "volume": 57681055, "typical_volume": 58006453.25, "trend": 27.124558, "fair_value": 23.239904, "relative_strength": -6.28075, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 15.240048, "energy": 7.756588, "activity_lines": [ 27.247999, 27.479648, 27.177707, 27.195248 ] }, { "date": "2025-08-01", "close": 26.35, "volume": 45190330, "typical_volume": 57780598.65, "trend": 27.185679, "fair_value": 23.318884, "relative_strength": -7.22377, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.323783, "energy": 11.800362, "activity_lines": [ 26.940666, 27.257422, 27.108137, 27.145277 ] }, { "date": "2025-08-08", "close": 26.49, "volume": 42454729, "typical_volume": 57409301.4, "trend": 27.262929, "fair_value": 23.405226, "relative_strength": -7.998449, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.548621, "energy": 23.156649, "activity_lines": [ 26.719333, 27.050182, 27.062494, 27.100394 ] }, { "date": "2025-08-15", "close": 26.870001, "volume": 50315737, "typical_volume": 58362604.9, "trend": 27.254585, "fair_value": 23.492829, "relative_strength": -10.833604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.753117, "energy": 23.484906, "activity_lines": [ 26.701333, 26.925636, 27.057399, 27.075044 ] }, { "date": "2025-08-22", "close": 27.6, "volume": 75383402, "typical_volume": 60634394.35, "trend": 27.241095, "fair_value": 23.584936, "relative_strength": -12.479454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.392473, "energy": 13.689378, "activity_lines": [ 26.974667, 27.005273, 27.124097, 27.097329 ] }, { "date": "2025-08-29", "close": 28.41, "volume": 112965831, "typical_volume": 63866824.1, "trend": 27.271965, "fair_value": 23.68318, "relative_strength": -13.554693, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.389075, "energy": 10.189863, "activity_lines": [ 27.492667, 27.267455, 27.268648, 27.172742 ] }, { "date": "2025-09-05", "close": 29.18, "volume": 83237843, "typical_volume": 64687463.3, "trend": 27.260373, "fair_value": 23.782155, "relative_strength": -10.354228, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.327653, "energy": 49.145302, "activity_lines": [ 28.171333, 27.626, 27.47384, 27.295841 ] }, { "date": "2025-09-12", "close": 28.33, "volume": 137543697, "typical_volume": 69434394.85, "trend": 27.216845, "fair_value": 23.870634, "relative_strength": -15.03453, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.614412, "energy": 51.940627, "activity_lines": [ 28.378, 27.789273, 27.580177, 27.364849 ] }, { "date": "2025-09-19", "close": 28.799999, "volume": 80508154, "typical_volume": 71806070.75, "trend": 27.232547, "fair_value": 23.965731, "relative_strength": -14.498962, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.202529, "energy": 62.551215, "activity_lines": [ 28.618666, 28.025454, 27.717093, 27.466988 ] }, { "date": "2025-09-26", "close": 27.77, "volume": 46015499, "typical_volume": 72311097.7, "trend": 27.294817, "fair_value": 24.053204, "relative_strength": -18.251255, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.020419, "energy": 51.26981, "activity_lines": [ 28.387333, 28.052364, 27.745436, 27.501662 ] }, { "date": "2025-10-03", "close": 27.809999, "volume": 12164582, "typical_volume": 71505974.4, "trend": 27.307325, "fair_value": 24.145199, "relative_strength": -19.871305, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.214659, "energy": 26.055659, "activity_lines": [ 28.157999, 28.076545, 27.769955, 27.5349 ] }, { "date": "2025-10-10", "close": 27.5, "volume": 11673967, "typical_volume": 68785177.65, "trend": 27.271504, "fair_value": 24.239893, "relative_strength": -19.646657, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.590534, "energy": 14.683017, "activity_lines": [ 27.865333, 28.029091, 27.754087, 27.547331 ] }, { "date": "2025-10-17", "close": 25.77, "volume": 27525682, "typical_volume": 66720786.7, "trend": 27.216995, "fair_value": 24.32518, "relative_strength": -20.484355, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.648049, "energy": 20.478112, "activity_lines": [ 27.108, 27.646182, 27.565238, 27.450459 ] }, { "date": "2025-10-24", "close": 25.860001, "volume": 22138000, "typical_volume": 63727399.65, "trend": 27.16745, "fair_value": 24.41597, "relative_strength": -23.471158, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.55524, "energy": 29.140721, "activity_lines": [ 26.551334, 27.292727, 27.391952, 27.362911 ] }, { "date": "2025-10-31", "close": 25.940001, "volume": 21474812, "typical_volume": 57005078.3, "trend": 27.107143, "fair_value": 24.503368, "relative_strength": -23.494128, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.268333, "energy": 48.534367, "activity_lines": [ 26.217334, 26.972182, 27.24981, 27.283721 ] }, { "date": "2025-11-07", "close": 25.540001, "volume": 19711779, "typical_volume": 53437775.35, "trend": 27.100321, "fair_value": 24.588141, "relative_strength": -24.539043, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.446039, "energy": 59.148802, "activity_lines": [ 25.872001, 26.609091, 27.086714, 27.182615 ] }, { "date": "2025-11-14", "close": 25.360001, "volume": 20329414, "typical_volume": 51546521.25, "trend": 27.098308, "fair_value": 24.673803, "relative_strength": -23.337151, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.141198, "energy": 69.73802, "activity_lines": [ 25.618001, 26.265455, 26.908715, 27.070337 ] }, { "date": "2025-11-21", "close": 23.67, "volume": 23498568, "typical_volume": 49727421.45, "trend": 27.042254, "fair_value": 24.73896, "relative_strength": -24.007831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.011055, "energy": 79.008155, "activity_lines": [ 24.943334, 25.684, 26.577286, 26.849155 ] }, { "date": "2025-11-28", "close": 23.559999, "volume": 32131019, "typical_volume": 48526683.8, "trend": 26.940936, "fair_value": 24.789953, "relative_strength": -26.315697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.649954, "energy": 83.245173, "activity_lines": [ 24.372, 25.167273, 26.254286, 26.624494 ] }, { "date": "2025-12-05", "close": 23.08, "volume": 21582755, "typical_volume": 47176342.75, "trend": 26.838029, "fair_value": 24.842976, "relative_strength": -28.061789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.263637, "energy": 88.856402, "activity_lines": [ 23.794, 24.658546, 25.904762, 26.375401 ] }, { "date": "2025-12-12", "close": 23.15, "volume": 18819184, "typical_volume": 45233249.2, "trend": 26.758746, "fair_value": 24.90546, "relative_strength": -27.653887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.410543, "energy": 90.039592, "activity_lines": [ 23.43, 24.247818, 25.581619, 26.137464 ] }, { "date": "2025-12-19", "close": 23.290001, "volume": 19436593, "typical_volume": 43945562.35, "trend": 26.675942, "fair_value": 24.966438, "relative_strength": -25.902982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.599213, "energy": 86.588602, "activity_lines": [ 23.272, 23.947273, 25.29, 25.913674 ] }, { "date": "2025-12-26", "close": 23.58, "volume": 25112402, "typical_volume": 43078446.0, "trend": 26.554, "fair_value": 25.031738, "relative_strength": -27.076049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.798982, "energy": 83.808042, "activity_lines": [ 23.348667, 23.776, 25.040572, 25.713936 ] }, { "date": "2026-01-02", "close": 23.299999, "volume": 11252653, "typical_volume": 41125291.8, "trend": 26.304, "fair_value": 25.095063, "relative_strength": -27.076693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.684243, "energy": 71.122402, "activity_lines": [ 23.338, 23.593636, 24.778333, 25.504 ] }, { "date": "2026-01-09", "close": 25.120001, "volume": 46865423, "typical_volume": 39699392.85, "trend": 26.156667, "fair_value": 25.171797, "relative_strength": -24.269662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.490649, "energy": 40.862629, "activity_lines": [ 23.951334, 23.788727, 24.706429, 25.427613 ] }, { "date": "2026-01-16", "close": 27.950001, "volume": 215139425, "typical_volume": 44808072.55, "trend": 26.221333, "fair_value": 25.266552, "relative_strength": -16.199131, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -0.568915, "energy": 16.802195, "activity_lines": [ 25.372, 24.513273, 24.915857, 25.543312 ] }, { "date": "2026-01-23", "close": 26.940001, "volume": 73019013, "typical_volume": 44297131.05, "trend": 26.221333, "fair_value": 25.346963, "relative_strength": -19.547931, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -1.654282, "energy": 24.317692, "activity_lines": [ 26.136001, 25.010364, 25.031286, 25.589678 ] }, { "date": "2026-01-30", "close": 25.99, "volume": 61393921, "typical_volume": 40489642.25, "trend": 26.166333, "fair_value": 25.424828, "relative_strength": -20.53002, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.101267, "energy": 32.054339, "activity_lines": [ 26.340001, 25.306, 25.066905, 25.574753 ] }, { "date": "2026-02-06", "close": 25.5, "volume": 38987722, "typical_volume": 38413620.65, "trend": 26.096667, "fair_value": 25.498771, "relative_strength": -19.708238, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.346778, "energy": 28.826641, "activity_lines": [ 26.22, 25.470364, 25.067, 25.531764 ] }, { "date": "2026-02-13", "close": 26.379999, "volume": 67923216, "typical_volume": 39509006.5, "trend": 26.068667, "fair_value": 25.573969, "relative_strength": -17.461187, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.913801, "energy": 21.338443, "activity_lines": [ 26.246667, 25.759455, 25.166619, 25.550043 ] }, { "date": "2026-02-27", "close": 25.040001, "volume": 34458058, "typical_volume": 40623680.3, "trend": 26.004333, "fair_value": 25.637814, "relative_strength": -23.234739, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -20.709251, "energy": 11.859407, "activity_lines": [ 25.742667, 25.744909, 25.145238, 25.483678 ] }, { "date": "2026-03-06", "close": 23.620001, "volume": 33430119, "typical_volume": 41711487.9, "trend": 25.913334, "fair_value": 25.692136, "relative_strength": -25.447131, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.286286, "energy": 25.177685, "activity_lines": [ 24.959334, 25.437819, 25.00181, 25.32985 ] }, { "date": "2026-03-13", "close": 23.07, "volume": 30719232, "typical_volume": 41871165.4, "trend": 25.799334, "fair_value": 25.740949, "relative_strength": -27.161514, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.023051, "energy": 36.007015, "activity_lines": [ 24.214, 25.024728, 24.824476, 25.146409 ] }, { "date": "2026-03-20", "close": 21.309999, "volume": 29353882, "typical_volume": 42231959.5, "trend": 25.614, "fair_value": 25.774756, "relative_strength": -30.060244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.809145, "energy": 66.511374, "activity_lines": [ 23.076667, 24.300909, 24.492381, 24.856774 ] }, { "date": "2026-03-27", "close": 20.52, "volume": 26775282, "typical_volume": 42496983.0, "trend": 25.378, "fair_value": 25.791663, "relative_strength": -31.491745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.476147, "energy": 81.04168, "activity_lines": [ 21.955333, 23.469636, 24.106714, 24.528129 ] }, { "date": "2026-04-03", "close": 20.299999, "volume": 25639178, "typical_volume": 42793352.95, "trend": 25.107667, "fair_value": 25.803855, "relative_strength": -29.499246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.574901, "energy": 83.580531, "activity_lines": [ 21.151333, 22.682, 23.725905, 24.200516 ] }, { "date": "2026-04-10", "close": 20.623219, "volume": 22334507, "typical_volume": 42893607.6, "trend": 24.822441, "fair_value": 25.785255, "relative_strength": -32.419857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.100434, "energy": 80.203218, "activity_lines": [ 20.771073, 22.092221, 23.40083, 23.911197 ] }, { "date": "2026-04-17", "close": 20.331104, "volume": 24539341, "typical_volume": 42945646.25, "trend": 24.555811, "fair_value": 25.757334, "relative_strength": -35.223582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.466109, "energy": 79.305401, "activity_lines": [ 20.493226, 21.564182, 23.070492, 23.621433 ] }, { "date": "2026-04-24", "close": 18.870537, "volume": 34943107, "typical_volume": 43086250.65, "trend": 24.224829, "fair_value": 25.691992, "relative_strength": -39.35916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.373123, "energy": 89.638812, "activity_lines": [ 19.911117, 20.873474, 22.616951, 23.254641 ] }, { "date": "2026-05-01", "close": 19.951357, "volume": 34326666, "typical_volume": 43723446.2, "trend": 23.964207, "fair_value": 25.603599, "relative_strength": -35.863949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.271696, "energy": 76.493671, "activity_lines": [ 19.851912, 20.499814, 22.288676, 22.978934 ] }, { "date": "2026-05-08", "close": 20.467424, "volume": 23941000, "typical_volume": 43979537.0, "trend": 23.719455, "fair_value": 25.531251, "relative_strength": -35.304892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.126325, "energy": 68.467298, "activity_lines": [ 20.002639, 20.336869, 22.024449, 22.753335 ] }, { "date": "2026-05-15", "close": 19.483976, "volume": 29406652, "typical_volume": 44478039.95, "trend": 23.452254, "fair_value": 25.448874, "relative_strength": -37.6178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.428553, "energy": 66.748766, "activity_lines": [ 19.814388, 20.078253, 21.679334, 22.480078 ] }, { "date": "2026-05-22", "close": 18.870537, "volume": 26942271, "typical_volume": 44569533.4, "trend": 23.222272, "fair_value": 25.367191, "relative_strength": -38.96196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.071935, "energy": 61.110244, "activity_lines": [ 19.497607, 19.783303, 21.29392, 22.184483 ] }, { "date": "2026-05-29", "close": 18.315521, "volume": 30380904, "typical_volume": 45525945.95, "trend": 22.970789, "fair_value": 25.302798, "relative_strength": -39.874993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.796619, "energy": 70.943803, "activity_lines": [ 19.093192, 19.463795, 20.878074, 21.867919 ] }, { "date": "2026-06-05", "close": 18.695269, "volume": 8885800, "typical_volume": 43626964.8, "trend": 22.729298, "fair_value": 25.230986, "relative_strength": -36.655434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.083344, "energy": 77.833848, "activity_lines": [ 18.852361, 19.267777, 20.522129, 21.592079 ] }, { "date": "2026-06-12", "close": 18.559999, "volume": 6159491, "typical_volume": 33177968.1, "trend": 22.496631, "fair_value": 25.157225, "relative_strength": -34.470781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.095616, "energy": 77.638644, "activity_lines": [ 18.650179, 19.080341, 20.183896, 21.323092 ] }, { "date": "2026-06-19", "close": 18.34, "volume": 23363802, "typical_volume": 30695207.55, "trend": 22.262631, "fair_value": 25.033991, "relative_strength": -38.449054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.063467, "energy": 76.898965, "activity_lines": [ 18.501825, 18.884542, 19.869425, 21.054922 ] }, { "date": "2026-06-26", "close": 18.27, "volume": 9272997, "typical_volume": 28089161.35, "trend": 22.082631, "fair_value": 24.904141, "relative_strength": -36.77529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.95913, "energy": 65.99099, "activity_lines": [ 18.406404, 18.717529, 19.58924, 20.797333 ] }, { "date": "2026-07-03", "close": 18.950001, "volume": 9285632, "typical_volume": 26604056.85, "trend": 21.928965, "fair_value": 24.739414, "relative_strength": -32.669034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.96344, "energy": 56.475121, "activity_lines": [ 18.577685, 18.711627, 19.410578, 20.595228 ] }, { "date": "2026-07-10", "close": 20.41, "volume": 87893356, "typical_volume": 27602563.85, "trend": 21.839965, "fair_value": 24.610525, "relative_strength": -23.792206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.953674, "energy": 36.676706, "activity_lines": [ 19.193334, 18.969735, 19.402155, 20.49723 ] }, { "date": "2026-07-17", "close": 19.690001, "volume": 81319719, "typical_volume": 29945646.9, "trend": 21.724632, "fair_value": 24.456043, "relative_strength": -18.285295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.112519, "energy": 23.579074, "activity_lines": [ 19.454667, 19.088595, 19.353588, 20.358523 ] }, { "date": "2026-07-24", "close": 16.59, "volume": 68969206, "typical_volume": 31722601.25, "trend": 21.501298, "fair_value": 24.333622, "relative_strength": -30.508963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.856079, "energy": 44.083703, "activity_lines": [ 18.607334, 18.657953, 19.03526, 20.027256 ] }, { "date": "2026-07-31", "close": 18.559999, "volume": 49091607, "typical_volume": 32641220.0, "trend": 21.333965, "fair_value": 24.236222, "relative_strength": -20.208526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.493084, "energy": 34.303664, "activity_lines": [ 18.533333, 18.63811, 18.938027, 19.837495 ] }, { "date": "2026-08-07", "close": 18.42, "volume": 41187821, "typical_volume": 33232916.95, "trend": 21.171298, "fair_value": 24.161201, "relative_strength": -23.913007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.293663, "energy": 39.626862, "activity_lines": [ 18.393333, 18.598459, 18.848937, 19.649497 ] } ], "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." } } }