{ "ticker": { "uuid": "fce35351-d0da-41b1-8c8b-59d538a30fce", "symbol": "603209", "name": "Xingtong Shipping Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -37.849, "architecture_energy": 24.217, "architecture_maturity": 69.438, "architecture_confidence": 71.676, "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": 36.15, "rotation_up": 26.56, "upward_expansion": 19.5, "deceleration": 46.02, "rotation_down": 27.97, "downward_expansion": 55.83 }, "activity_lines": [ 13.394, 13.274028, 13.487559, 13.885284 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 13.68, "trend_reference": 14.427999, "distance_from_trend": -0.051844, "trend_direction": "Weakening", "fair_value": 15.130524, "distance_from_fair_value": -0.095867, "fair_value_direction": "Weakening", "relative_strength": -7.053929, "relative_strength_direction": "Improving", "price_momentum": -0.151365, "excess_performance": -0.108161, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.051844, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.054666, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.095867, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.04064, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.070539, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.038215, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.151365, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.687137, "read": "Supply-led" } ], "volume": { "latest": 15938010, "relative_activity": 0.912946, "balance": 0.687137, "dry_up": 1.016659, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.054213, "annualized_volatility": 0.213326, "from_high_reference": -0.245033, "from_low_reference": 0.084853 }, "levels": { "trend_reference": 14.427999, "fair_value_reference": 15.130524, "structural_low": 12.61, "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": 14, "median_return": 0.020861, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.027671, "regime_survival": 0.785714, "best_return": 0.13535, "worst_return": -0.265771, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.04144, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.02425, "regime_survival": 0.4, "best_return": 0.312898, "worst_return": -0.081904, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.034238, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.071847, "regime_survival": 0.0, "best_return": 0.173567, "worst_return": -0.036455, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.055076, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.121986, "regime_survival": 0.0, "best_return": 0.083327, "worst_return": 0.026825, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-10-04", "tenure": "Developing", "return": 0.175637, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": 0.040631, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2024-11-29", "tenure": "Developing", "return": -0.049209, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-01-24", "tenure": "Developing", "return": -0.092129, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-31", "end": "2025-02-21", "tenure": "New", "return": 0.11459, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-18", "tenure": "Developing", "return": -0.107459, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": 0.051756, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-10-03", "tenure": "Established", "return": -0.019385, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": 0.027778, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", "return": 0.005099, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2026-03-13", "tenure": "Established", "return": 0.006545, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.021204, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.012031, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": -0.081904, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 21.13773, "volume": 5613429, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-04", "close": 19.662777, "volume": 14259698, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 21.059587, "volume": 13104941, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 19.594402, "volume": 6653010, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 18.275736, "volume": 8574979, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 18.539471, "volume": 5102552, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 18.490631, "volume": 3952900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 18.07061, "volume": 8136330, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 17.347788, "volume": 5368617, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 15.872834, "volume": 12232905, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 16.068193, "volume": 10519319, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 15.540725, "volume": 6745188, "typical_volume": 8153623.5, "trend": 20.321313, "fair_value": 20.805017, "relative_strength": -23.667821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.759083, "energy": 85.587306, "activity_lines": [ 16.157406, 17.064518, 18.338522, 19.141377 ] }, { "date": "2023-10-27", "close": 15.726316, "volume": 8524810, "typical_volume": 8281959.35, "trend": 20.070835, "fair_value": 20.742317, "relative_strength": -23.200023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.407865, "energy": 82.028106, "activity_lines": [ 15.872834, 16.671848, 18.010429, 18.844925 ] }, { "date": "2023-11-03", "close": 15.394208, "volume": 9845237, "typical_volume": 8447930.5, "trend": 19.749252, "fair_value": 20.677096, "relative_strength": -24.601218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.520941, "energy": 76.951993, "activity_lines": [ 15.633847, 16.315764, 17.674779, 18.543208 ] }, { "date": "2023-11-10", "close": 16.009583, "volume": 8192994, "typical_volume": 8054151.3, "trend": 19.529922, "fair_value": 20.620861, "relative_strength": -21.198203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.733259, "energy": 64.637059, "activity_lines": [ 15.730223, 16.147934, 17.421278, 18.301939 ] }, { "date": "2023-11-17", "close": 15.902139, "volume": 11498177, "typical_volume": 8215092.75, "trend": 19.318325, "fair_value": 20.564685, "relative_strength": -21.595626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.323389, "energy": 56.80773, "activity_lines": [ 15.781667, 16.001771, 17.178802, 18.067888 ] }, { "date": "2023-11-24", "close": 15.950977, "volume": 8117023, "typical_volume": 8264701.3, "trend": 19.053631, "fair_value": 20.510406, "relative_strength": -20.573631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.909216, "energy": 53.096933, "activity_lines": [ 15.860461, 15.912439, 16.959582, 17.85064 ] }, { "date": "2023-12-01", "close": 16.732409, "volume": 15974307, "typical_volume": 8562798.6, "trend": 18.821681, "fair_value": 20.466476, "relative_strength": -16.041996, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.980711, "energy": 40.605279, "activity_lines": [ 16.172383, 16.011361, 16.837484, 17.700884 ] }, { "date": "2023-12-08", "close": 16.292852, "volume": 8438796, "typical_volume": 8728257.45, "trend": 18.612717, "fair_value": 20.418504, "relative_strength": -16.111443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.684235, "energy": 35.721373, "activity_lines": [ 16.270713, 16.054694, 16.691942, 17.537733 ] }, { "date": "2023-12-15", "close": 15.589565, "volume": 5736648, "typical_volume": 8829593.0, "trend": 18.411713, "fair_value": 20.363629, "relative_strength": -18.639886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.102377, "energy": 38.734435, "activity_lines": [ 16.074704, 15.989338, 16.499886, 17.342691 ] }, { "date": "2023-12-22", "close": 16.048656, "volume": 20662503, "typical_volume": 9582046.7, "trend": 18.264342, "fair_value": 20.315146, "relative_strength": -15.108796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.989713, "energy": 31.790822, "activity_lines": [ 16.059726, 16.012604, 16.374718, 17.190236 ] }, { "date": "2023-12-29", "close": 15.911907, "volume": 12150708, "typical_volume": 9476597.2, "trend": 18.099483, "fair_value": 20.266222, "relative_strength": -17.084248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.811495, "energy": 38.289907, "activity_lines": [ 15.989398, 16.011361, 16.260759, 17.038466 ] }, { "date": "2024-01-05", "close": 16.996143, "volume": 59191275, "typical_volume": 11780913.9, "trend": 17.973304, "fair_value": 20.230287, "relative_strength": -9.693543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.214393, "energy": 24.462376, "activity_lines": [ 16.283086, 16.200503, 16.267922, 16.967283 ] }, { "date": "2024-01-12", "close": 16.722641, "volume": 39148722, "typical_volume": 13405699.5, "trend": 17.852787, "fair_value": 20.19216, "relative_strength": -9.054044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.040524, "energy": 12.562429, "activity_lines": [ 16.468025, 16.31683, 16.268387, 16.886595 ] }, { "date": "2024-01-19", "close": 14.378346, "volume": 25816095, "typical_volume": 14267755.3, "trend": 17.649615, "fair_value": 20.129646, "relative_strength": -19.861225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.137148, "energy": 35.968902, "activity_lines": [ 15.84288, 15.982767, 16.059261, 16.662437 ] }, { "date": "2024-01-26", "close": 13.811808, "volume": 15276240, "typical_volume": 14776439.7, "trend": 17.449698, "fair_value": 20.062435, "relative_strength": -24.510879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.299451, "energy": 46.742308, "activity_lines": [ 15.109636, 15.575357, 15.814738, 16.414837 ] }, { "date": "2024-02-02", "close": 11.096333, "volume": 18703460, "typical_volume": 15513967.7, "trend": 17.128986, "fair_value": 19.968055, "relative_strength": -34.691363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.62398, "energy": 85.51943, "activity_lines": [ 13.620357, 14.712231, 15.334111, 16.004942 ] }, { "date": "2024-02-09", "close": 12.278248, "volume": 27758459, "typical_volume": 16495074.15, "trend": 16.851577, "fair_value": 19.887953, "relative_strength": -30.430859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.160095, "energy": 83.874232, "activity_lines": [ 12.846089, 14.152264, 15.001259, 15.691992 ] }, { "date": "2024-02-23", "close": 13.05968, "volume": 16502040, "typical_volume": 17051745.3, "trend": 16.600542, "fair_value": 19.817558, "relative_strength": -28.466907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.907774, "energy": 80.480362, "activity_lines": [ 12.646824, 13.81536, 14.770411, 15.447353 ] }, { "date": "2024-03-01", "close": 13.19643, "volume": 17679205, "typical_volume": 17324060.3, "trend": 16.358624, "fair_value": 19.749996, "relative_strength": -27.384784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.774434, "energy": 72.819598, "activity_lines": [ 12.737339, 13.562105, 14.573006, 15.227733 ] }, { "date": "2024-03-08", "close": 12.864322, "volume": 10776150, "typical_volume": 17336901.85, "trend": 16.082844, "fair_value": 19.680443, "relative_strength": -28.733146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.128055, "energy": 49.846035, "activity_lines": [ 12.795947, 13.291978, 14.356717, 15.002294 ] }, { "date": "2024-03-15", "close": 13.499235, "volume": 11982496, "typical_volume": 17598767.25, "trend": 15.877393, "fair_value": 19.618631, "relative_strength": -24.611277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.72432, "energy": 38.663987, "activity_lines": [ 13.129357, 13.195187, 14.216152, 14.83561 ] }, { "date": "2024-03-22", "close": 13.782504, "volume": 15360016, "typical_volume": 17940527.55, "trend": 15.634823, "fair_value": 19.560848, "relative_strength": -22.023485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.902045, "energy": 28.094627, "activity_lines": [ 13.396998, 13.193766, 14.112287, 14.700455 ] }, { "date": "2024-03-29", "close": 13.567611, "volume": 7982280, "typical_volume": 17847379.7, "trend": 15.43393, "fair_value": 19.502091, "relative_strength": -22.367218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.935337, "energy": 24.869947, "activity_lines": [ 13.492723, 13.211704, 13.997212, 14.567087 ] }, { "date": "2024-04-05", "close": 14.563936, "volume": 12083690, "typical_volume": 18041914.5, "trend": 15.310203, "fair_value": 19.454147, "relative_strength": -16.769486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.04329, "energy": 18.30357, "activity_lines": [ 13.886695, 13.468156, 13.985723, 14.510958 ] }, { "date": "2024-04-12", "close": 14.280667, "volume": 12756184, "typical_volume": 18104814.85, "trend": 15.168243, "fair_value": 19.404402, "relative_strength": -16.215963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.592033, "energy": 18.582056, "activity_lines": [ 14.095077, 13.669729, 13.95414, 14.444537 ] }, { "date": "2024-04-19", "close": 14.925347, "volume": 19222369, "typical_volume": 18660082.15, "trend": 15.0494, "fair_value": 19.361745, "relative_strength": -13.173965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.077612, "energy": 14.345575, "activity_lines": [ 14.423929, 13.979993, 13.991677, 14.428866 ] }, { "date": "2024-04-26", "close": 14.974187, "volume": 45781144, "typical_volume": 20150424.0, "trend": 14.946186, "fair_value": 19.320353, "relative_strength": -13.006995, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.113418, "energy": 14.831255, "activity_lines": [ 14.673987, 14.229518, 14.038749, 14.424013 ] }, { "date": "2024-05-03", "close": 14.759294, "volume": 12663561, "typical_volume": 20361662.25, "trend": 14.859903, "fair_value": 19.277726, "relative_strength": -13.965206, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.063722, "energy": 15.828213, "activity_lines": [ 14.772969, 14.390955, 14.073727, 14.411956 ] }, { "date": "2024-05-10", "close": 16.175638, "volume": 35460282, "typical_volume": 21847843.95, "trend": 14.869997, "fair_value": 19.249003, "relative_strength": -6.544386, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.56008, "energy": 45.168657, "activity_lines": [ 15.264619, 14.779007, 14.250898, 14.496842 ] }, { "date": "2024-05-17", "close": 15.540725, "volume": 26142106, "typical_volume": 22121824.1, "trend": 14.852414, "fair_value": 19.214982, "relative_strength": -9.615245, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.625939, "energy": 47.23052, "activity_lines": [ 15.437185, 14.997453, 14.36481, 14.540115 ] }, { "date": "2024-05-24", "close": 15.189081, "volume": 13302975, "typical_volume": 22179437.45, "trend": 14.840693, "fair_value": 19.178383, "relative_strength": -9.256224, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.731312, "energy": 39.809706, "activity_lines": [ 15.408533, 15.103301, 14.447651, 14.561835 ] }, { "date": "2024-05-31", "close": 15.384439, "volume": 16615649, "typical_volume": 20050656.15, "trend": 14.829297, "fair_value": 19.144203, "relative_strength": -7.61797, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.550744, "energy": 35.387976, "activity_lines": [ 15.427418, 15.213945, 14.55254, 14.596916 ] }, { "date": "2024-06-07", "close": 15.277371, "volume": 12426340, "typical_volume": 18714537.05, "trend": 14.825402, "fair_value": 19.109678, "relative_strength": -6.698396, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.891206, "energy": 20.991174, "activity_lines": [ 15.383263, 15.275995, 14.654906, 14.625824 ] }, { "date": "2024-06-14", "close": 14.241784, "volume": 8491732, "typical_volume": 17848318.9, "trend": 14.766476, "fair_value": 19.066599, "relative_strength": -11.939801, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.317982, "energy": 3.943654, "activity_lines": [ 14.959374, 15.118671, 14.665528, 14.588171 ] }, { "date": "2024-06-21", "close": 13.482354, "volume": 7603927, "typical_volume": 17464703.25, "trend": 14.685816, "fair_value": 19.017615, "relative_strength": -15.126396, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.264259, "energy": 17.229223, "activity_lines": [ 14.411265, 14.829126, 14.604472, 14.505324 ] }, { "date": "2024-06-28", "close": 13.650021, "volume": 9723260, "typical_volume": 17015693.25, "trend": 14.609118, "fair_value": 18.97094, "relative_strength": -12.656336, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.4247, "energy": 29.526791, "activity_lines": [ 14.05627, 14.58458, 14.560955, 14.438499 ] }, { "date": "2024-07-05", "close": 13.186472, "volume": 4593113, "typical_volume": 15857425.95, "trend": 14.49092, "fair_value": 18.921074, "relative_strength": -14.584972, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.10509, "energy": 45.460421, "activity_lines": [ 13.649363, 14.27894, 14.461129, 14.346715 ] }, { "date": "2024-07-12", "close": 12.387591, "volume": 11301824, "typical_volume": 15597415.15, "trend": 14.360745, "fair_value": 18.865232, "relative_strength": -19.657248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.059187, "energy": 67.123973, "activity_lines": [ 13.122693, 13.860554, 14.280894, 14.211016 ] }, { "date": "2024-07-19", "close": 12.308689, "volume": 6371670, "typical_volume": 15032038.4, "trend": 14.251382, "fair_value": 18.809668, "relative_strength": -19.774869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.209488, "energy": 73.631583, "activity_lines": [ 12.762375, 13.470943, 14.096345, 14.078626 ] }, { "date": "2024-07-26", "close": 12.269238, "volume": 6618851, "typical_volume": 14824173.45, "trend": 14.125401, "fair_value": 18.754706, "relative_strength": -16.845758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.792228, "energy": 79.136649, "activity_lines": [ 12.517779, 13.144468, 13.912267, 13.950745 ] }, { "date": "2024-08-02", "close": 13.196335, "volume": 12277095, "typical_volume": 14838903.4, "trend": 14.034882, "fair_value": 18.708387, "relative_strength": -10.360204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.267579, "energy": 65.959653, "activity_lines": [ 12.66309, 13.046037, 13.819317, 13.890806 ] }, { "date": "2024-08-09", "close": 14.064256, "volume": 19798137, "typical_volume": 15060809.45, "trend": 13.937153, "fair_value": 18.670005, "relative_strength": -2.454923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.78951, "energy": 34.217897, "activity_lines": [ 13.127954, 13.141642, 13.810468, 13.892701 ] }, { "date": "2024-08-16", "close": 14.074119, "volume": 21536170, "typical_volume": 15738503.95, "trend": 13.848869, "fair_value": 18.632334, "relative_strength": -2.564558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -4.157644, "energy": 7.706774, "activity_lines": [ 13.537586, 13.263043, 13.801218, 13.901537 ] }, { "date": "2024-08-23", "close": 13.926177, "volume": 21199380, "typical_volume": 16194288.45, "trend": 13.833796, "fair_value": 18.594073, "relative_strength": -2.095045, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.838345, "energy": 14.051899, "activity_lines": [ 13.785469, 13.379423, 13.775465, 13.906525 ] }, { "date": "2024-08-30", "close": 13.709197, "volume": 11982898, "typical_volume": 16155624.15, "trend": 13.830376, "fair_value": 18.554679, "relative_strength": -2.670153, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.981826, "energy": 15.976839, "activity_lines": [ 13.853193, 13.462091, 13.732085, 13.898486 ] }, { "date": "2024-09-06", "close": 13.896589, "volume": 8299173, "typical_volume": 15609464.35, "trend": 13.923718, "fair_value": 18.517414, "relative_strength": 1.757027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.458004, "energy": 18.248331, "activity_lines": [ 13.887384, 13.574705, 13.709273, 13.902758 ] }, { "date": "2024-09-13", "close": 13.472491, "volume": 7199900, "typical_volume": 13680402.15, "trend": 13.963526, "fair_value": 18.477375, "relative_strength": 1.271853, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.14056, "energy": 15.25287, "activity_lines": [ 13.733525, 13.605728, 13.650969, 13.873647 ] }, { "date": "2024-09-20", "close": 13.531668, "volume": 3226892, "typical_volume": 13208568.7, "trend": 13.979259, "fair_value": 18.438432, "relative_strength": 0.890266, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.096765, "energy": 14.159288, "activity_lines": [ 13.638843, 13.64231, 13.605453, 13.845785 ] }, { "date": "2024-09-27", "close": 15.23792, "volume": 8906576, "typical_volume": 11880883.4, "trend": 14.047309, "fair_value": 18.413428, "relative_strength": 1.047885, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.275648, "energy": 19.779222, "activity_lines": [ 14.149075, 13.968318, 13.728282, 13.926989 ] }, { "date": "2024-10-04", "close": 16.372135, "volume": 7366642, "typical_volume": 10942110.2, "trend": 14.164236, "fair_value": 18.397604, "relative_strength": 0.718151, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.575285, "energy": 54.498306, "activity_lines": [ 14.949929, 14.447288, 13.963597, 14.076978 ] }, { "date": "2024-10-11", "close": 16.263645, "volume": 36044640, "typical_volume": 12079193.45, "trend": 14.256383, "fair_value": 18.381189, "relative_strength": 3.763303, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.506828, "energy": 60.764068, "activity_lines": [ 15.53709, 14.831935, 14.184621, 14.212423 ] }, { "date": "2024-10-18", "close": 16.924448, "volume": 22995816, "typical_volume": 12398201.8, "trend": 14.361114, "fair_value": 18.370069, "relative_strength": 6.534355, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 75.343453, "energy": 81.391783, "activity_lines": [ 16.186716, 15.280958, 14.463461, 14.384557 ] }, { "date": "2024-10-25", "close": 16.835682, "volume": 21976423, "typical_volume": 12875705.95, "trend": 14.47005, "fair_value": 18.358445, "relative_strength": 4.795231, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.611738, "energy": 80.448883, "activity_lines": [ 16.576622, 15.661839, 14.726514, 14.544206 ] }, { "date": "2024-11-01", "close": 16.234055, "volume": 17230006, "typical_volume": 13312619.65, "trend": 14.525721, "fair_value": 18.342472, "relative_strength": 2.006001, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.112692, "energy": 74.053048, "activity_lines": [ 16.545718, 15.883122, 14.924849, 14.658013 ] }, { "date": "2024-11-08", "close": 16.766644, "volume": 17455681, "typical_volume": 13805207.35, "trend": 14.608586, "fair_value": 18.330712, "relative_strength": -0.061181, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.569169, "energy": 70.275807, "activity_lines": [ 16.625935, 16.159279, 15.16442, 14.802589 ] }, { "date": "2024-11-15", "close": 16.253782, "volume": 12778102, "typical_volume": 13957949.45, "trend": 14.652868, "fair_value": 18.315328, "relative_strength": 0.572519, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.887627, "energy": 48.182796, "activity_lines": [ 16.508898, 16.286598, 15.339507, 14.90873 ] }, { "date": "2024-11-22", "close": 15.977626, "volume": 8889778, "typical_volume": 14172782.7, "trend": 14.686316, "fair_value": 18.298139, "relative_strength": 0.912679, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.491364, "energy": 36.749634, "activity_lines": [ 16.300465, 16.320848, 15.475894, 14.994199 ] }, { "date": "2024-11-29", "close": 16.007214, "volume": 6780164, "typical_volume": 13946699.7, "trend": 14.727913, "fair_value": 18.281416, "relative_strength": -0.530617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.96357, "energy": 32.282663, "activity_lines": [ 16.165018, 16.314931, 15.601808, 15.079418 ] }, { "date": "2024-12-06", "close": 16.165016, "volume": 8019570, "typical_volume": 14029094.7, "trend": 14.727559, "fair_value": 18.26608, "relative_strength": -1.538907, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.867764, "energy": 26.260361, "activity_lines": [ 16.137401, 16.292695, 15.725515, 15.172134 ] }, { "date": "2024-12-13", "close": 16.283371, "volume": 8376220, "typical_volume": 14116963.15, "trend": 14.752314, "fair_value": 18.251816, "relative_strength": -0.188336, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.165375, "energy": 24.956212, "activity_lines": [ 16.15384, 16.275121, 15.84213, 15.272509 ] }, { "date": "2024-12-20", "close": 15.760645, "volume": 7225765, "typical_volume": 13864396.65, "trend": 14.771366, "fair_value": 18.234022, "relative_strength": -2.468352, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.061743, "energy": 20.822987, "activity_lines": [ 16.028254, 16.164121, 15.889847, 15.337563 ] }, { "date": "2024-12-27", "close": 16.174879, "volume": 6834545, "typical_volume": 13216217.05, "trend": 14.797714, "fair_value": 18.219418, "relative_strength": -0.550626, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.199021, "energy": 22.086308, "activity_lines": [ 16.073622, 16.137581, 15.964804, 15.428112 ] }, { "date": "2025-01-03", "close": 15.129431, "volume": 7637805, "typical_volume": 12521298.8, "trend": 14.792782, "fair_value": 18.197658, "relative_strength": -1.259169, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.043385, "energy": 13.779448, "activity_lines": [ 15.757358, 15.934588, 15.930143, 15.449513 ] }, { "date": "2025-01-10", "close": 14.537666, "volume": 9303652, "typical_volume": 11926512.4, "trend": 14.802645, "fair_value": 18.172063, "relative_strength": -3.363549, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.503097, "energy": 16.921369, "activity_lines": [ 15.302357, 15.655024, 15.834099, 15.433054 ] }, { "date": "2025-01-17", "close": 14.942039, "volume": 10251627, "typical_volume": 11839948.85, "trend": 14.851301, "fair_value": 18.149633, "relative_strength": -2.449755, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.304858, "energy": 20.067122, "activity_lines": [ 15.090637, 15.479826, 15.773655, 15.442047 ] }, { "date": "2025-01-24", "close": 14.675745, "volume": 12111033, "typical_volume": 12030541.85, "trend": 14.885492, "fair_value": 18.125675, "relative_strength": -4.286594, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.378369, "energy": 42.36859, "activity_lines": [ 14.879575, 15.289386, 15.681978, 15.430721 ] }, { "date": "2025-01-31", "close": 14.803961, "volume": 2463065, "typical_volume": 11793700.1, "trend": 14.939408, "fair_value": 18.102923, "relative_strength": -3.314615, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.056323, "energy": 47.484786, "activity_lines": [ 14.783578, 15.150949, 15.598803, 15.425461 ] }, { "date": "2025-02-07", "close": 14.606706, "volume": 7176205, "typical_volume": 11991165.75, "trend": 15.013379, "fair_value": 18.07914, "relative_strength": -6.271843, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.310257, "energy": 44.365766, "activity_lines": [ 14.713224, 14.997987, 15.4905, 15.403996 ] }, { "date": "2025-02-14", "close": 14.300961, "volume": 9857086, "typical_volume": 12038691.25, "trend": 15.079788, "fair_value": 18.053611, "relative_strength": -9.410249, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.217278, "energy": 49.255145, "activity_lines": [ 14.575803, 14.814899, 15.34796, 15.358034 ] }, { "date": "2025-02-21", "close": 16.500349, "volume": 75449787, "typical_volume": 15442848.5, "trend": 15.220825, "fair_value": 18.043187, "relative_strength": 3.293884, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 11.144676, "energy": 8.679557, "activity_lines": [ 15.187292, 15.065592, 15.419348, 15.449683 ] }, { "date": "2025-02-28", "close": 15.602841, "volume": 37616373, "typical_volume": 15521435.15, "trend": 15.301042, "fair_value": 18.026918, "relative_strength": -0.749143, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.52428, "energy": 6.723419, "activity_lines": [ 15.395724, 15.149156, 15.404648, 15.474329 ] }, { "date": "2025-03-07", "close": 16.095978, "volume": 29211949, "typical_volume": 15832241.8, "trend": 15.368766, "fair_value": 18.01413, "relative_strength": 0.595233, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.973641, "energy": 19.026291, "activity_lines": [ 15.706729, 15.32525, 15.440059, 15.525615 ] }, { "date": "2025-03-14", "close": 15.770508, "volume": 23421244, "typical_volume": 15904482.85, "trend": 15.425312, "fair_value": 17.999369, "relative_strength": -2.869817, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.805662, "energy": 28.148376, "activity_lines": [ 15.823109, 15.443603, 15.448419, 15.551534 ] }, { "date": "2025-03-21", "close": 16.125566, "volume": 30222713, "typical_volume": 16554118.2, "trend": 15.498625, "fair_value": 17.987122, "relative_strength": 0.82192, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.611799, "energy": 29.397034, "activity_lines": [ 15.980255, 15.614856, 15.495666, 15.596712 ] }, { "date": "2025-03-28", "close": 15.563391, "volume": 22831155, "typical_volume": 16822891.9, "trend": 15.560432, "fair_value": 17.971384, "relative_strength": -2.372433, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.988547, "energy": 19.803539, "activity_lines": [ 15.828369, 15.655024, 15.48989, 15.60089 ] }, { "date": "2025-04-04", "close": 15.454901, "volume": 13564958, "typical_volume": 16862234.7, "trend": 15.612375, "fair_value": 17.955148, "relative_strength": -2.735809, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.555482, "energy": 7.985444, "activity_lines": [ 15.702784, 15.66417, 15.47951, 15.594082 ] }, { "date": "2025-04-11", "close": 14.271373, "volume": 27640704, "typical_volume": 17799781.0, "trend": 15.639005, "fair_value": 17.931535, "relative_strength": -7.184749, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.032705, "energy": 25.637855, "activity_lines": [ 15.192552, 15.443962, 15.360218, 15.507565 ] }, { "date": "2025-04-18", "close": 13.926177, "volume": 14300441, "typical_volume": 18175794.85, "trend": 15.652155, "fair_value": 17.870402, "relative_strength": -10.268988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.471983, "energy": 51.06231, "activity_lines": [ 14.688895, 15.170675, 15.216175, 15.39706 ] }, { "date": "2025-04-25", "close": 14.271373, "volume": 16809675, "typical_volume": 18615300.1, "trend": 15.619937, "fair_value": 17.83085, "relative_strength": -8.363952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.455067, "energy": 60.976138, "activity_lines": [ 14.423259, 14.972523, 15.114918, 15.307978 ] }, { "date": "2025-05-02", "close": 13.965628, "volume": 7707488, "typical_volume": 18581863.5, "trend": 15.53972, "fair_value": 17.806766, "relative_strength": -9.707076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.6679, "energy": 68.398882, "activity_lines": [ 14.179321, 14.71932, 14.99356, 15.201248 ] }, { "date": "2025-05-09", "close": 14.18, "volume": 11122530, "typical_volume": 18776701.75, "trend": 15.470265, "fair_value": 17.801969, "relative_strength": -9.722805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.355086, "energy": 64.218062, "activity_lines": [ 14.113357, 14.55118, 14.903654, 15.113524 ] }, { "date": "2025-05-16", "close": 14.77, "volume": 33130678, "typical_volume": 20091508.4, "trend": 15.39845, "fair_value": 17.782511, "relative_strength": -6.470485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.374495, "energy": 35.594709, "activity_lines": [ 14.329054, 14.516181, 14.877466, 15.068346 ] }, { "date": "2025-05-23", "close": 14.49, "volume": 22353360, "typical_volume": 20827286.15, "trend": 15.320261, "fair_value": 17.784642, "relative_strength": -7.496669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.630543, "energy": 33.025593, "activity_lines": [ 14.418175, 14.454383, 14.831302, 15.009736 ] }, { "date": "2025-05-30", "close": 14.53, "volume": 9192920, "typical_volume": 20821749.55, "trend": 15.263459, "fair_value": 17.774941, "relative_strength": -6.970757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.348324, "energy": 23.066806, "activity_lines": [ 14.483042, 14.423139, 14.791991, 14.958752 ] }, { "date": "2025-06-06", "close": 15.01, "volume": 12590334, "typical_volume": 20938684.9, "trend": 15.204904, "fair_value": 17.768625, "relative_strength": -4.747606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.424261, "energy": 17.041462, "activity_lines": [ 14.690667, 14.508178, 14.798432, 14.942399 ] }, { "date": "2025-06-13", "close": 14.96, "volume": 16756616, "typical_volume": 21170964.05, "trend": 15.161778, "fair_value": 17.765122, "relative_strength": -4.725049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.261351, "energy": 15.245199, "activity_lines": [ 14.812, 14.594188, 14.799787, 14.926599 ] }, { "date": "2025-06-20", "close": 16.43, "volume": 53064236, "typical_volume": 23701022.6, "trend": 15.176857, "fair_value": 17.762438, "relative_strength": 4.998716, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.292655, "energy": 28.356532, "activity_lines": [ 15.371333, 14.956469, 14.939788, 15.00842 ] }, { "date": "2025-06-27", "close": 15.5, "volume": 161765647, "typical_volume": 31430494.7, "trend": 15.15995, "fair_value": 17.755337, "relative_strength": -2.776117, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.13684, "energy": 22.520409, "activity_lines": [ 15.51, 15.110411, 14.983475, 15.029268 ] }, { "date": "2025-07-04", "close": 15.31, "volume": 48612194, "typical_volume": 33368250.1, "trend": 15.13145, "fair_value": 17.744547, "relative_strength": -5.274108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.365676, "energy": 21.848625, "activity_lines": [ 15.518, 15.201193, 15.004813, 15.038948 ] }, { "date": "2025-07-11", "close": 15.09, "volume": 30682018, "typical_volume": 31129861.65, "trend": 15.091671, "fair_value": 17.738921, "relative_strength": -7.691764, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.399315, "energy": 23.787144, "activity_lines": [ 15.400667, 15.233091, 15.000393, 15.036274 ] }, { "date": "2025-07-18", "close": 15.26, "volume": 20510994, "typical_volume": 30274592.7, "trend": 15.074982, "fair_value": 17.734119, "relative_strength": -7.366544, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.70409, "energy": 10.063098, "activity_lines": [ 15.334667, 15.275455, 15.01888, 15.047134 ] }, { "date": "2025-07-25", "close": 15.29, "volume": 24264659, "typical_volume": 30027228.2, "trend": 15.045486, "fair_value": 17.731717, "relative_strength": -8.716711, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.172777, "energy": 5.160964, "activity_lines": [ 15.258667, 15.303636, 15.041857, 15.061006 ] }, { "date": "2025-08-01", "close": 15.13, "volume": 18177318, "typical_volume": 29765031.9, "trend": 15.045505, "fair_value": 17.725462, "relative_strength": -8.706767, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 21.379772, "energy": 11.345381, "activity_lines": [ 15.205333, 15.293273, 15.053434, 15.066459 ] }, { "date": "2025-08-08", "close": 15.23, "volume": 12156294, "typical_volume": 28861710.95, "trend": 15.068583, "fair_value": 17.719849, "relative_strength": -9.733826, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 21.648324, "energy": 10.002958, "activity_lines": [ 15.21, 15.289455, 15.077584, 15.078362 ] }, { "date": "2025-08-15", "close": 15.29, "volume": 21972508, "typical_volume": 28818778.6, "trend": 15.080182, "fair_value": 17.698013, "relative_strength": -10.61089, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.621178, "energy": 14.241906, "activity_lines": [ 15.24, 15.283818, 15.111713, 15.092647 ] }, { "date": "2025-08-22", "close": 15.51, "volume": 23490759, "typical_volume": 29315068.65, "trend": 15.10799, "fair_value": 17.668618, "relative_strength": -12.080502, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.313307, "energy": 22.974453, "activity_lines": [ 15.33, 15.313091, 15.168097, 15.120377 ] }, { "date": "2025-08-29", "close": 15.15, "volume": 24492789, "typical_volume": 29157672.9, "trend": 15.119525, "fair_value": 17.627811, "relative_strength": -14.517672, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.698342, "energy": 19.320317, "activity_lines": [ 15.283333, 15.266909, 15.189932, 15.123087 ] }, { "date": "2025-09-05", "close": 14.95, "volume": 14118932, "typical_volume": 29148597.45, "trend": 15.130968, "fair_value": 17.563787, "relative_strength": -14.245361, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.748415, "energy": 2.44318, "activity_lines": [ 15.179333, 15.207636, 15.188536, 15.11215 ] }, { "date": "2025-09-12", "close": 15.23, "volume": 17998921, "typical_volume": 29208059.75, "trend": 15.161936, "fair_value": 17.513858, "relative_strength": -13.569486, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.09928, "energy": 2.663094, "activity_lines": [ 15.180667, 15.209273, 15.208932, 15.118539 ] }, { "date": "2025-09-19", "close": 15.0, "volume": 9615069, "typical_volume": 29303438.8, "trend": 15.111925, "fair_value": 17.458768, "relative_strength": -13.376833, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.182929, "energy": 10.446742, "activity_lines": [ 15.105333, 15.170545, 15.202857, 15.108092 ] }, { "date": "2025-09-26", "close": 14.75, "volume": 9511389, "typical_volume": 29222881.75, "trend": 15.083496, "fair_value": 17.389288, "relative_strength": -14.606873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.6471, "energy": 29.502868, "activity_lines": [ 14.966, 15.088, 15.168048, 15.084742 ] }, { "date": "2025-10-03", "close": 14.67, "volume": 2636663, "typical_volume": 27698181.0, "trend": 15.035964, "fair_value": 17.327954, "relative_strength": -15.861101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.339161, "energy": 41.027752, "activity_lines": [ 14.850667, 15.000182, 15.122905, 15.058064 ] }, { "date": "2025-10-10", "close": 14.76, "volume": 3080843, "typical_volume": 26734555.15, "trend": 15.00228, "fair_value": 17.274257, "relative_strength": -15.194374, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.964469, "energy": 44.954641, "activity_lines": [ 14.797333, 14.94, 15.08681, 15.04026 ] }, { "date": "2025-10-17", "close": 14.73, "volume": 12603441, "typical_volume": 26905081.2, "trend": 14.955761, "fair_value": 17.231913, "relative_strength": -13.601056, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.087083, "energy": 43.928429, "activity_lines": [ 14.746667, 14.881091, 15.046571, 15.022694 ] }, { "date": "2025-10-24", "close": 14.76, "volume": 9592133, "typical_volume": 26755171.15, "trend": 14.928982, "fair_value": 17.199885, "relative_strength": -15.347303, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.632338, "energy": 35.813953, "activity_lines": [ 14.739333, 14.836727, 15.008238, 15.010064 ] }, { "date": "2025-10-31", "close": 15.17, "volume": 41427630, "typical_volume": 27988721.85, "trend": 14.919485, "fair_value": 17.154012, "relative_strength": -12.66604, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -3.567682, "energy": 7.661116, "activity_lines": [ 14.884667, 14.876545, 15.010143, 15.025614 ] }, { "date": "2025-11-07", "close": 15.69, "volume": 43297834, "typical_volume": 27500401.75, "trend": 14.966773, "fair_value": 17.106099, "relative_strength": -10.272659, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.173206, "energy": 23.056528, "activity_lines": [ 15.175333, 15.017091, 15.060571, 15.075324 ] }, { "date": "2025-11-14", "close": 15.77, "volume": 31888130, "typical_volume": 21006525.9, "trend": 15.028233, "fair_value": 17.058876, "relative_strength": -9.285391, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.931856, "energy": 37.350453, "activity_lines": [ 15.424667, 15.162364, 15.122143, 15.127145 ] }, { "date": "2025-11-21", "close": 15.28, "volume": 38557918, "typical_volume": 20503812.1, "trend": 15.061854, "fair_value": 17.008423, "relative_strength": -8.170456, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.573992, "energy": 33.106313, "activity_lines": [ 15.443333, 15.203636, 15.135762, 15.143388 ] }, { "date": "2025-11-28", "close": 16.129999, "volume": 42546112, "typical_volume": 21097016.8, "trend": 15.134, "fair_value": 16.970613, "relative_strength": -4.11874, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.13001, "energy": 62.380461, "activity_lines": [ 15.708666, 15.398545, 15.230476, 15.212301 ] }, { "date": "2025-12-05", "close": 16.549999, "volume": 49933460, "typical_volume": 22568140.1, "trend": 15.213, "fair_value": 16.93594, "relative_strength": -1.758461, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.62067, "energy": 72.124268, "activity_lines": [ 16.022666, 15.649272, 15.360238, 15.303656 ] }, { "date": "2025-12-12", "close": 15.69, "volume": 80711420, "typical_volume": 25390478.15, "trend": 15.243667, "fair_value": 16.892822, "relative_strength": -6.22079, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.519275, "energy": 48.963889, "activity_lines": [ 15.958, 15.710909, 15.401952, 15.33443 ] }, { "date": "2025-12-19", "close": 15.34, "volume": 28984042, "typical_volume": 25930814.35, "trend": 15.272, "fair_value": 16.853856, "relative_strength": -8.035944, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.592505, "energy": 33.24469, "activity_lines": [ 15.776666, 15.690363, 15.408428, 15.340645 ] }, { "date": "2025-12-26", "close": 16.030001, "volume": 79668380, "typical_volume": 29306418.65, "trend": 15.322, "fair_value": 16.815804, "relative_strength": -5.372287, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.362611, "energy": 30.357488, "activity_lines": [ 15.854, 15.784727, 15.479619, 15.389548 ] }, { "date": "2026-01-02", "close": 15.15, "volume": 22559019, "typical_volume": 29335744.2, "trend": 15.326667, "fair_value": 16.767138, "relative_strength": -10.322678, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.019803, "energy": 13.433296, "activity_lines": [ 15.588, 15.695455, 15.46319, 15.378452 ] }, { "date": "2026-01-09", "close": 15.25, "volume": 29239759, "typical_volume": 29623194.2, "trend": 15.336333, "fair_value": 16.725685, "relative_strength": -12.701788, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.672157, "energy": 13.998094, "activity_lines": [ 15.420667, 15.617273, 15.456952, 15.373505 ] }, { "date": "2026-01-16", "close": 15.55, "volume": 35769919, "typical_volume": 30187050.7, "trend": 15.307, "fair_value": 16.664086, "relative_strength": -10.249591, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.664184, "energy": 12.760531, "activity_lines": [ 15.44, 15.592182, 15.480524, 15.38729 ] }, { "date": "2026-01-23", "close": 15.65, "volume": 18551056, "typical_volume": 30408656.9, "trend": 15.312, "fair_value": 16.613874, "relative_strength": -10.122397, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.879524, "energy": 14.630752, "activity_lines": [ 15.502, 15.587818, 15.511714, 15.409419 ] }, { "date": "2026-01-30", "close": 16.120001, "volume": 30930296, "typical_volume": 31055225.65, "trend": 15.339, "fair_value": 16.569072, "relative_strength": -6.741177, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.352925, "energy": 22.364725, "activity_lines": [ 15.7, 15.671091, 15.584333, 15.461548 ] }, { "date": "2026-02-06", "close": 15.52, "volume": 23339233, "typical_volume": 31741433.85, "trend": 15.353333, "fair_value": 16.514252, "relative_strength": -8.803541, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.295795, "energy": 20.15617, "activity_lines": [ 15.692, 15.63, 15.595571, 15.473226 ] }, { "date": "2026-02-13", "close": 15.52, "volume": 26680973, "typical_volume": 32599913.05, "trend": 15.362, "fair_value": 16.453349, "relative_strength": -8.974919, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.592956, "energy": 16.130164, "activity_lines": [ 15.659334, 15.6, 15.604333, 15.483979 ] }, { "date": "2026-02-27", "close": 16.23, "volume": 34545570, "typical_volume": 34195358.4, "trend": 15.393333, "fair_value": 16.376837, "relative_strength": -6.233591, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.692974, "energy": 34.557789, "activity_lines": [ 15.845333, 15.717818, 15.677048, 15.539979 ] }, { "date": "2026-03-06", "close": 16.23, "volume": 101226617, "typical_volume": 39102647.1, "trend": 15.43, "fair_value": 16.313292, "relative_strength": -5.018803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.504537, "energy": 32.931834, "activity_lines": [ 15.986, 15.825818, 15.742333, 15.593957 ] }, { "date": "2026-03-13", "close": 15.38, "volume": 47781957, "typical_volume": 40861572.9, "trend": 15.435, "fair_value": 16.238969, "relative_strength": -8.93143, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.736532, "energy": 18.404435, "activity_lines": [ 15.804667, 15.763091, 15.719667, 15.590731 ] }, { "date": "2026-03-20", "close": 14.62, "volume": 50126343, "typical_volume": 42888283.4, "trend": 15.412667, "fair_value": 16.167278, "relative_strength": -10.019028, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.299204, "energy": 3.526398, "activity_lines": [ 15.419333, 15.574, 15.621524, 15.538151 ] }, { "date": "2026-03-27", "close": 14.79, "volume": 19812460, "typical_volume": 41807524.9, "trend": 15.388667, "fair_value": 16.100541, "relative_strength": -7.526078, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.082641, "energy": 19.154449, "activity_lines": [ 15.150667, 15.425455, 15.540238, 15.497979 ] }, { "date": "2026-04-03", "close": 15.14, "volume": 26003880, "typical_volume": 40942827.2, "trend": 15.388333, "fair_value": 16.048081, "relative_strength": -4.182743, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.835239, "energy": 21.911042, "activity_lines": [ 15.047333, 15.348909, 15.494095, 15.481936 ] }, { "date": "2026-04-10", "close": 14.93, "volume": 23553786, "typical_volume": 40526110.0, "trend": 15.387667, "fair_value": 15.994808, "relative_strength": -7.644029, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.900175, "energy": 36.110687, "activity_lines": [ 14.946667, 15.241636, 15.430571, 15.452366 ] }, { "date": "2026-04-17", "close": 14.48, "volume": 32883051, "typical_volume": 40242366.65, "trend": 15.362667, "fair_value": 15.927104, "relative_strength": -11.519643, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.462517, "energy": 39.498449, "activity_lines": [ 14.782667, 15.065636, 15.328191, 15.393806 ] }, { "date": "2026-04-24", "close": 14.890561, "volume": 29189241, "typical_volume": 39574523.1, "trend": 15.359019, "fair_value": 15.877752, "relative_strength": -9.386982, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.004573, "energy": 24.799119, "activity_lines": [ 14.81552, 14.994102, 15.26872, 15.363348 ] }, { "date": "2026-05-01", "close": 14.654203, "volume": 14463480, "typical_volume": 37801024.1, "trend": 15.355825, "fair_value": 15.829061, "relative_strength": -11.199438, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.514464, "energy": 33.821887, "activity_lines": [ 14.751551, 14.891038, 15.192642, 15.317876 ] }, { "date": "2026-05-08", "close": 14.90041, "volume": 13651520, "typical_volume": 34448029.1, "trend": 15.363506, "fair_value": 15.771424, "relative_strength": -10.875383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.260747, "energy": 27.851596, "activity_lines": [ 14.778703, 14.84848, 15.149039, 15.288494 ] }, { "date": "2026-05-15", "close": 14.073156, "volume": 29055935, "typical_volume": 34451623.75, "trend": 15.340611, "fair_value": 15.709772, "relative_strength": -14.571405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.846632, "energy": 35.606419, "activity_lines": [ 14.546077, 14.679687, 15.03041, 15.205246 ] }, { "date": "2026-05-22", "close": 13.846647, "volume": 22304960, "typical_volume": 31583452.75, "trend": 15.311166, "fair_value": 15.653905, "relative_strength": -15.06878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.825279, "energy": 48.362623, "activity_lines": [ 14.29507, 14.508926, 14.896242, 15.108861 ] }, { "date": "2026-05-29", "close": 13.295144, "volume": 19383351, "typical_volume": 31424669.35, "trend": 15.262337, "fair_value": 15.600543, "relative_strength": -17.137005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.877882, "energy": 61.385322, "activity_lines": [ 13.902453, 14.265771, 14.719946, 14.978795 ] }, { "date": "2026-06-05", "close": 13.078483, "volume": 2191453, "typical_volume": 30072254.05, "trend": 15.19262, "fair_value": 15.553163, "relative_strength": -17.219584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.514948, "energy": 75.804073, "activity_lines": [ 13.543977, 14.007311, 14.531848, 14.837902 ] }, { "date": "2026-06-12", "close": 12.911062, "volume": 2535210, "typical_volume": 28410518.6, "trend": 15.099989, "fair_value": 15.502223, "relative_strength": -17.860005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.643479, "energy": 80.193401, "activity_lines": [ 13.234742, 13.74953, 14.338147, 14.690704 ] }, { "date": "2026-06-19", "close": 12.960303, "volume": 14629911, "typical_volume": 28214461.35, "trend": 15.006332, "fair_value": 15.452087, "relative_strength": -18.226535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.641224, "energy": 81.619053, "activity_lines": [ 13.074543, 13.541227, 14.161701, 14.55266 ] }, { "date": "2026-06-26", "close": 12.72, "volume": 3466300, "typical_volume": 26841261.55, "trend": 14.920999, "fair_value": 15.403253, "relative_strength": -17.776286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.128864, "energy": 82.961567, "activity_lines": [ 12.908434, 13.325046, 13.975177, 14.405155 ] }, { "date": "2026-07-03", "close": 13.32, "volume": 2504600, "typical_volume": 25799529.9, "trend": 14.827332, "fair_value": 15.357397, "relative_strength": -13.714142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.998414, "energy": 71.897432, "activity_lines": [ 13.017434, 13.249956, 13.861987, 14.301864 ] }, { "date": "2026-07-10", "close": 13.44, "volume": 22532021, "typical_volume": 25592082.3, "trend": 14.723666, "fair_value": 15.316568, "relative_strength": -11.435715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.760282, "energy": 48.45797, "activity_lines": [ 13.164778, 13.225239, 13.770701, 14.212359 ] }, { "date": "2026-07-17", "close": 13.35, "volume": 16649560, "typical_volume": 24697281.8, "trend": 14.645666, "fair_value": 15.269339, "relative_strength": -6.249426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.20641, "energy": 39.668582, "activity_lines": [ 13.25802, 13.206235, 13.680749, 14.123735 ] }, { "date": "2026-07-24", "close": 12.87, "volume": 16791880, "typical_volume": 20475544.95, "trend": 14.563332, "fair_value": 15.219785, "relative_strength": -10.376301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.793022, "energy": 39.33088, "activity_lines": [ 13.162, 13.128148, 13.558797, 14.009176 ] }, { "date": "2026-07-31", "close": 13.44, "volume": 21614980, "typical_volume": 19167196.1, "trend": 14.476999, "fair_value": 15.173947, "relative_strength": -6.491012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.445772, "energy": 29.857196, "activity_lines": [ 13.262, 13.175573, 13.50713, 13.936703 ] }, { "date": "2026-08-07", "close": 13.68, "volume": 15938010, "typical_volume": 17457779.45, "trend": 14.427999, "fair_value": 15.130524, "relative_strength": -7.053929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.84928, "energy": 24.216819, "activity_lines": [ 13.394, 13.274028, 13.487559, 13.885284 ] } ], "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." } } }