{ "ticker": { "uuid": "00f1b236-bdbe-483b-832e-6d89c220ece2", "symbol": "QNRX", "name": "Quoin Pharmaceuticals Ltd DRC", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "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": -46.868, "architecture_energy": 37.739, "architecture_maturity": 92.795, "architecture_confidence": 65.373, "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": 25.08, "rotation_up": 26.67, "upward_expansion": 16.54, "deceleration": 64.58, "rotation_down": 41.6, "downward_expansion": 66.54 }, "activity_lines": [ 4.501333, 4.474727, 4.776286, 5.364634 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 4.79, "trend_reference": 6.2702, "distance_from_trend": -0.236069, "trend_direction": "Weakening", "fair_value": 39.785931, "distance_from_fair_value": -0.879606, "fair_value_direction": "Improving", "relative_strength": -52.369451, "relative_strength_direction": "Weakening", "price_momentum": -0.329132, "excess_performance": -0.516585, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.236069, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.338775, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.879606, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.018181, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.523695, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.040142, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.329132, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.057384, "read": "Supply-led" } ], "volume": { "latest": 81029, "relative_activity": 0.079574, "balance": 0.057384, "dry_up": 0.070536, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.167846, "annualized_volatility": 0.678006, "from_high_reference": -0.885407, "from_low_reference": 0.473846 }, "levels": { "trend_reference": 6.2702, "fair_value_reference": 39.785931, "structural_low": 3.25, "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": 47, "median_return": -0.103715, "positive_rate": 0.404255, "directional_follow_through": 0.595745, "median_excess_return": -0.107962, "regime_survival": 0.893617, "best_return": 1.697368, "worst_return": -0.698718, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.414431, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.370207, "regime_survival": 0.666667, "best_return": 1.009358, "worst_return": -0.764758, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.542682, "positive_rate": 0.125, "directional_follow_through": 0.875, "median_excess_return": -0.530252, "regime_survival": 0.625, "best_return": 0.122995, "worst_return": -0.856093, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.815873, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.904908, "regime_survival": 0.5, "best_return": -0.349075, "worst_return": -0.956656, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2021-11-12", "end": "2021-11-26", "tenure": "New", "return": -0.22031, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2021-12-03", "end": "2023-07-21", "tenure": "Extended", "return": -0.981238, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-28", "end": "2023-09-29", "tenure": "Developing", "return": -0.448138, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-06", "end": "2023-12-22", "tenure": "Developing", "return": 0.045673, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-29", "end": "2024-01-26", "tenure": "Developing", "return": -0.261978, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-02", "end": "2024-10-18", "tenure": "Extended", "return": -0.742424, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2025-01-31", "tenure": "Established", "return": -0.587871, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-06-20", "tenure": "Established", "return": -0.206856, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-08-08", "tenure": "Developing", "return": -0.228695, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-10-03", "tenure": "Developing", "return": -0.037433, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2026-01-09", "tenure": "Established", "return": -0.40439, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-01-30", "tenure": "New", "return": -0.297468, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": 0.128852, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": -0.396801, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 185.85, "volume": 152742, "typical_volume": 1441724.1, "trend": 283.216668, "fair_value": 29071.475595, "relative_strength": -71.871641, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.85772, "energy": 23.830703, "activity_lines": [ 220.71, 230.008693, 222.440612, 228.652178 ] }, { "date": "2023-08-25", "close": 195.1355, "volume": 184770, "typical_volume": 1423159.55, "trend": 267.881185, "fair_value": 28756.38031, "relative_strength": -69.505101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.592548, "energy": 29.115866, "activity_lines": [ 205.080167, 223.362165, 220.480021, 222.969522 ] }, { "date": "2023-09-01", "close": 203.9205, "volume": 154704, "typical_volume": 1326546.65, "trend": 241.917135, "fair_value": 28503.264415, "relative_strength": -67.923137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.680611, "energy": 29.196829, "activity_lines": [ 200.579633, 218.820664, 219.356881, 218.843027 ] }, { "date": "2023-09-08", "close": 198.45, "volume": 191318, "typical_volume": 1292148.5, "trend": 225.152135, "fair_value": 28227.228838, "relative_strength": -66.612918, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.488608, "energy": 28.49721, "activity_lines": [ 198.207567, 214.0663, 217.75669, 216.038695 ] }, { "date": "2023-09-15", "close": 193.025, "volume": 36593, "typical_volume": 1231916.15, "trend": 211.986301, "fair_value": 27935.00464, "relative_strength": -65.35314, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.296035, "energy": 22.734704, "activity_lines": [ 196.453833, 208.537955, 215.615033, 213.965977 ] }, { "date": "2023-09-22", "close": 164.5, "volume": 39159, "typical_volume": 1207888.9, "trend": 210.889635, "fair_value": 27633.174511, "relative_strength": -67.797989, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -33.874039, "energy": 30.647025, "activity_lines": [ 186.1951, 197.795118, 210.837542, 210.902345 ] }, { "date": "2023-09-29", "close": 145.25, "volume": 80959, "typical_volume": 1089679.2, "trend": 208.008901, "fair_value": 27359.490217, "relative_strength": -70.347166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.147156, "energy": 55.298075, "activity_lines": [ 170.943033, 184.837736, 204.432785, 206.667529 ] }, { "date": "2023-10-06", "close": 145.6, "volume": 44164, "typical_volume": 1072880.85, "trend": 205.862235, "fair_value": 27062.92355, "relative_strength": -69.494471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.48449, "energy": 61.279589, "activity_lines": [ 159.133333, 175.087627, 198.345894, 202.641149 ] }, { "date": "2023-10-13", "close": 138.25, "volume": 149171, "typical_volume": 1040543.45, "trend": 203.889168, "fair_value": 26763.550152, "relative_strength": -70.025621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.297199, "energy": 66.596974, "activity_lines": [ 148.761667, 166.139336, 191.80887, 198.279069 ] }, { "date": "2023-10-20", "close": 150.85, "volume": 39161, "typical_volume": 1028115.8, "trend": 201.638901, "fair_value": 26502.165217, "relative_strength": -64.860129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.20697, "energy": 73.267691, "activity_lines": [ 146.603333, 161.238318, 186.671713, 194.857187 ] }, { "date": "2023-10-27", "close": 148.05, "volume": 183989, "typical_volume": 1009765.6, "trend": 199.915501, "fair_value": 26259.460409, "relative_strength": -63.145351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.53856, "energy": 71.467133, "activity_lines": [ 146.323333, 156.868664, 181.469355, 191.399839 ] }, { "date": "2023-11-03", "close": 155.75, "volume": 38459, "typical_volume": 979647.4, "trend": 198.597168, "fair_value": 26024.881883, "relative_strength": -62.093899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.463015, "energy": 63.106, "activity_lines": [ 149.706667, 154.586282, 177.255331, 188.550452 ] }, { "date": "2023-11-10", "close": 135.45, "volume": 55713, "typical_volume": 750945.15, "trend": 196.007168, "fair_value": 25772.282845, "relative_strength": -66.56543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.928256, "energy": 61.201852, "activity_lines": [ 145.623333, 149.329091, 171.428507, 184.476441 ] }, { "date": "2023-11-17", "close": 156.1, "volume": 90393, "typical_volume": 719679.2, "trend": 194.769101, "fair_value": 25529.62964, "relative_strength": -60.605875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.390742, "energy": 37.128317, "activity_lines": [ 149.1, 149.071364, 168.09915, 181.901785 ] }, { "date": "2023-11-24", "close": 160.0585, "volume": 52362, "typical_volume": 691350.9, "trend": 193.104385, "fair_value": 25272.194117, "relative_strength": -58.17534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.186294, "energy": 31.076587, "activity_lines": [ 152.706167, 150.303364, 165.404083, 179.662391 ] }, { "date": "2023-12-01", "close": 189.0, "volume": 266289, "typical_volume": 595247.55, "trend": 192.478585, "fair_value": 24986.674886, "relative_strength": -48.610291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.972098, "energy": 16.000575, "activity_lines": [ 165.3456, 157.396845, 165.614967, 179.397592 ] }, { "date": "2023-12-08", "close": 172.55, "volume": 115236, "typical_volume": 165791.65, "trend": 191.396851, "fair_value": 24679.511745, "relative_strength": -51.470919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.811199, "energy": 20.688753, "activity_lines": [ 169.7717, 161.053964, 164.479183, 178.111877 ] }, { "date": "2023-12-15", "close": 150.675, "volume": 695242, "typical_volume": 155570.2, "trend": 189.816951, "fair_value": 24376.40838, "relative_strength": -57.1957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.228627, "energy": 21.148422, "activity_lines": [ 165.786133, 160.237445, 161.9534, 175.484661 ] }, { "date": "2023-12-22", "close": 152.25, "volume": 124405, "typical_volume": 145545.65, "trend": 188.884551, "fair_value": 24066.422803, "relative_strength": -55.468437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.996382, "energy": 18.358252, "activity_lines": [ 161.310567, 159.615018, 160.11345, 173.060986 ] }, { "date": "2023-12-29", "close": 171.675, "volume": 285526, "typical_volume": 149017.75, "trend": 188.168451, "fair_value": 23776.754053, "relative_strength": -47.750452, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.35383, "energy": 13.362334, "activity_lines": [ 163.566667, 162.269864, 160.516833, 171.950693 ] }, { "date": "2024-01-05", "close": 163.3905, "volume": 87127, "typical_volume": 145737.0, "trend": 186.894801, "fair_value": 23407.60912, "relative_strength": -46.263439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.737601, "energy": 17.845784, "activity_lines": [ 162.286833, 163.0398, 160.30455, 170.352115 ] }, { "date": "2024-01-12", "close": 155.4385, "volume": 31792, "typical_volume": 138088.1, "trend": 184.640685, "fair_value": 23039.759367, "relative_strength": -47.696566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.284593, "energy": 18.82353, "activity_lines": [ 160.063633, 162.085, 159.441883, 168.322677 ] }, { "date": "2024-01-19", "close": 131.25, "volume": 106459, "typical_volume": 135675.85, "trend": 180.785085, "fair_value": 22613.869944, "relative_strength": -54.660271, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.651969, "energy": 28.085183, "activity_lines": [ 150.918367, 156.737955, 156.464583, 164.878116 ] }, { "date": "2024-01-26", "close": 126.7, "volume": 38118, "typical_volume": 128015.85, "trend": 178.00405, "fair_value": 22226.989816, "relative_strength": -54.023623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.051446, "energy": 50.088475, "activity_lines": [ 141.551433, 150.64, 153.4, 161.388756 ] }, { "date": "2024-02-02", "close": 115.5, "volume": 86711, "typical_volume": 130521.75, "trend": 175.47145, "fair_value": 21794.268662, "relative_strength": -54.619167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.551645, "energy": 64.619902, "activity_lines": [ 130.1545, 143.040227, 149.610417, 157.356237 ] }, { "date": "2024-02-09", "close": 117.6, "volume": 62378, "typical_volume": 131682.7, "trend": 171.55145, "fair_value": 21251.176354, "relative_strength": -51.352338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.59652, "energy": 70.268905, "activity_lines": [ 123.202567, 136.632427, 146.39, 153.622595 ] }, { "date": "2024-02-16", "close": 96.6, "volume": 73361, "typical_volume": 131302.8, "trend": 164.16645, "fair_value": 20714.680201, "relative_strength": -56.823642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.465948, "energy": 77.115794, "activity_lines": [ 112.303333, 127.704627, 141.392917, 148.787017 ] }, { "date": "2024-02-23", "close": 90.3, "volume": 55529, "typical_volume": 131871.05, "trend": 158.403117, "fair_value": 20265.643662, "relative_strength": -59.502451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.715525, "energy": 78.988239, "activity_lines": [ 103.226667, 119.012282, 136.0275, 144.02144 ] }, { "date": "2024-03-01", "close": 96.9535, "volume": 42195, "typical_volume": 126522.25, "trend": 153.806567, "fair_value": 19881.265159, "relative_strength": -56.460274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.065682, "energy": 78.723123, "activity_lines": [ 99.097833, 112.627391, 131.559083, 140.056948 ] }, { "date": "2024-03-08", "close": 41.3, "volume": 33453972, "typical_volume": 1797262.8, "trend": 148.2474, "fair_value": 19361.914518, "relative_strength": -80.700264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.798522, "energy": 78.977766, "activity_lines": [ 78.400933, 97.129073, 121.986983, 132.79846 ] }, { "date": "2024-03-15", "close": 33.495, "volume": 2267206, "typical_volume": 1901423.65, "trend": 143.1689, "fair_value": 18874.821537, "relative_strength": -83.79677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.567178, "energy": 86.058204, "activity_lines": [ 60.049033, 82.582118, 112.193217, 125.39508 ] }, { "date": "2024-03-22", "close": 29.4, "volume": 764856, "typical_volume": 1937743.5, "trend": 137.644383, "fair_value": 18333.856153, "relative_strength": -85.826451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.353332, "energy": 89.367569, "activity_lines": [ 45.939133, 69.652355, 102.55495, 118.055151 ] }, { "date": "2024-03-29", "close": 33.25, "volume": 592879, "typical_volume": 1964601.8, "trend": 131.955367, "fair_value": 17923.49237, "relative_strength": -83.508313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.572167, "energy": 87.601736, "activity_lines": [ 37.592567, 59.7142, 93.885017, 111.320029 ] }, { "date": "2024-04-05", "close": 28.3535, "volume": 411132, "typical_volume": 1980638.75, "trend": 126.285483, "fair_value": 17530.597201, "relative_strength": -85.483452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.655306, "energy": 88.06517, "activity_lines": [ 31.417167, 50.667591, 85.235417, 104.636038 ] }, { "date": "2024-04-12", "close": 25.935, "volume": 315623, "typical_volume": 1993801.8, "trend": 120.715817, "fair_value": 17188.840374, "relative_strength": -86.289737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.512925, "energy": 85.643184, "activity_lines": [ 29.008933, 42.969373, 76.9638, 98.161813 ] }, { "date": "2024-04-19", "close": 24.8465, "volume": 204638, "typical_volume": 1990719.25, "trend": 116.0607, "fair_value": 16863.230415, "relative_strength": -85.765276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.782346, "energy": 80.864732, "activity_lines": [ 27.2622, 36.7017, 69.2272, 91.976696 ] }, { "date": "2024-04-26", "close": 22.3125, "volume": 570797, "typical_volume": 2013497.3, "trend": 111.962783, "fair_value": 16524.142675, "relative_strength": -87.353205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.006506, "energy": 71.593168, "activity_lines": [ 25.247367, 31.659727, 62.03095, 85.928425 ] }, { "date": "2024-05-03", "close": 27.1705, "volume": 380328, "typical_volume": 1997751.6, "trend": 108.015133, "fair_value": 16187.778383, "relative_strength": -84.32709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.040968, "energy": 63.141007, "activity_lines": [ 25.324367, 28.851709, 56.012783, 80.457955 ] }, { "date": "2024-05-10", "close": 27.042715, "volume": 213541, "typical_volume": 2002208.4, "trend": 104.308224, "fair_value": 15835.259426, "relative_strength": -84.194933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.900399, "energy": 60.951106, "activity_lines": [ 25.764072, 27.168266, 50.570563, 75.233928 ] }, { "date": "2024-05-17", "close": 26.6, "volume": 203715, "typical_volume": 1998117.85, "trend": 100.166557, "fair_value": 15458.506862, "relative_strength": -84.373147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.833378, "energy": 58.305267, "activity_lines": [ 26.143591, 26.675435, 45.682405, 70.220494 ] }, { "date": "2024-05-24", "close": 25.9, "volume": 135584, "typical_volume": 2000540.7, "trend": 96.094891, "fair_value": 15037.326734, "relative_strength": -84.625821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.474077, "energy": 56.190114, "activity_lines": [ 26.245443, 26.322604, 41.418414, 65.429103 ] }, { "date": "2024-05-31", "close": 27.1985, "volume": 158721, "typical_volume": 2006887.15, "trend": 91.809841, "fair_value": 14613.462622, "relative_strength": -83.166309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.523868, "energy": 48.574496, "activity_lines": [ 26.709895, 26.343955, 37.932806, 60.984175 ] }, { "date": "2024-06-07", "close": 25.2, "volume": 96755, "typical_volume": 2006401.95, "trend": 88.134841, "fair_value": 14204.393391, "relative_strength": -84.381878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.32949, "energy": 85.024731, "activity_lines": [ 26.182448, 26.041969, 34.867531, 56.686766 ] }, { "date": "2024-06-14", "close": 24.017, "volume": 263264, "typical_volume": 2017659.25, "trend": 83.732074, "fair_value": 13678.201192, "relative_strength": -85.160522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.973743, "energy": 90.554038, "activity_lines": [ 25.392033, 25.671256, 32.194589, 52.550131 ] }, { "date": "2024-06-21", "close": 21.434, "volume": 195895, "typical_volume": 2023118.45, "trend": 79.111257, "fair_value": 13170.83859, "relative_strength": -86.283944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.759501, "energy": 93.318015, "activity_lines": [ 23.942333, 24.909752, 29.764614, 48.5309 ] }, { "date": "2024-06-28", "close": 20.3, "volume": 370453, "typical_volume": 2038522.2, "trend": 73.487924, "fair_value": 12683.661026, "relative_strength": -86.581625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.294936, "energy": 93.631739, "activity_lines": [ 22.459033, 24.023903, 27.674573, 44.736626 ] }, { "date": "2024-07-05", "close": 20.2965, "volume": 173701, "typical_volume": 2043539.2, "trend": 68.412807, "fair_value": 12195.137285, "relative_strength": -86.65022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.325196, "energy": 76.403754, "activity_lines": [ 21.3479, 23.220081, 26.047531, 41.304921 ] }, { "date": "2024-07-12", "close": 22.96, "volume": 186768, "typical_volume": 2050101.15, "trend": 64.15564, "fair_value": 11650.092157, "relative_strength": -84.287124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.518855, "energy": 68.70565, "activity_lines": [ 21.584733, 22.937186, 25.037506, 38.372482 ] }, { "date": "2024-07-19", "close": 21.7, "volume": 203236, "typical_volume": 2058153.2, "trend": 59.803974, "fair_value": 11102.346644, "relative_strength": -83.679711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.957653, "energy": 67.76582, "activity_lines": [ 21.5509, 22.501755, 24.228148, 35.633408 ] }, { "date": "2024-07-26", "close": 21.308, "volume": 237636, "typical_volume": 397336.4, "trend": 54.79174, "fair_value": 10527.675542, "relative_strength": -82.786602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.367806, "energy": 67.55779, "activity_lines": [ 21.540867, 22.092191, 23.739807, 33.149797 ] }, { "date": "2024-08-02", "close": 20.6325, "volume": 129283, "typical_volume": 290440.25, "trend": 50.03314, "fair_value": 9962.423186, "relative_strength": -82.042586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.629709, "energy": 67.803519, "activity_lines": [ 21.314067, 21.656027, 23.282332, 30.945975 ] }, { "date": "2024-08-09", "close": 17.346, "volume": 349528, "typical_volume": 269673.85, "trend": 45.430057, "fair_value": 9437.534378, "relative_strength": -84.330682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.367566, "energy": 72.564696, "activity_lines": [ 19.9696, 20.718091, 22.573107, 28.837127 ] }, { "date": "2024-08-16", "close": 17.451, "volume": 228921, "typical_volume": 251475.95, "trend": 41.636757, "fair_value": 8884.377013, "relative_strength": -84.462265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.054624, "energy": 70.160659, "activity_lines": [ 18.856833, 19.978382, 21.931282, 27.032027 ] }, { "date": "2024-08-23", "close": 21.1645, "volume": 271172, "typical_volume": 244477.95, "trend": 38.118907, "fair_value": 8320.474221, "relative_strength": -80.567588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.915494, "energy": 62.893621, "activity_lines": [ 19.349167, 20.054745, 21.718358, 25.711236 ] }, { "date": "2024-08-30", "close": 21.9135, "volume": 362603, "typical_volume": 246826.95, "trend": 34.999357, "fair_value": 7420.037769, "relative_strength": -78.829157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.419643, "energy": 54.251491, "activity_lines": [ 20.126867, 20.319155, 21.610999, 24.665726 ] }, { "date": "2024-09-06", "close": 26.943, "volume": 849383, "typical_volume": 279064.2, "trend": 31.977457, "fair_value": 6565.402788, "relative_strength": -71.154474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.717065, "energy": 17.83597, "activity_lines": [ 22.5407, 21.4893, 22.001791, 24.145961 ] }, { "date": "2024-09-13", "close": 21.0455, "volume": 26591285, "typical_volume": 1580088.6, "trend": 29.458974, "fair_value": 5663.614619, "relative_strength": -77.745094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.193374, "energy": 18.046896, "activity_lines": [ 22.568, 21.466391, 21.820933, 23.440673 ] }, { "date": "2024-09-20", "close": 18.655, "volume": 910706, "typical_volume": 1606607.5, "trend": 27.070807, "fair_value": 5025.657279, "relative_strength": -79.733748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.983647, "energy": 19.408104, "activity_lines": [ 21.551833, 20.995227, 21.418442, 22.743643 ] }, { "date": "2024-09-27", "close": 17.99, "volume": 351120, "typical_volume": 1613486.45, "trend": 24.43869, "fair_value": 4428.080292, "relative_strength": -79.90552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.37771, "energy": 28.726286, "activity_lines": [ 20.233733, 20.481427, 20.993167, 22.157784 ] }, { "date": "2024-10-04", "close": 16.9365, "volume": 386960, "typical_volume": 1622648.7, "trend": 23.626574, "fair_value": 3837.900397, "relative_strength": -80.34994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.402357, "energy": 42.283082, "activity_lines": [ 18.7761, 19.843536, 20.510667, 21.673772 ] }, { "date": "2024-10-11", "close": 18.2035, "volume": 371906, "typical_volume": 1634464.8, "trend": 23.116857, "fair_value": 3305.61324, "relative_strength": -78.327479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.951116, "energy": 53.542022, "activity_lines": [ 18.0726, 19.515491, 20.19485, 21.323896 ] }, { "date": "2024-10-18", "close": 29.75, "volume": 128057093, "typical_volume": 8029383.4, "trend": 23.128524, "fair_value": 2867.967407, "relative_strength": -63.126672, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.23728, "energy": 2.013091, "activity_lines": [ 21.800567, 21.330973, 21.01535, 21.751841 ] }, { "date": "2024-10-25", "close": 28.28, "volume": 5528185, "typical_volume": 8300954.9, "trend": 22.962857, "fair_value": 2476.41792, "relative_strength": -63.392646, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.39178, "energy": 17.045436, "activity_lines": [ 24.458233, 22.653655, 21.6837, 22.084194 ] }, { "date": "2024-11-01", "close": 26.544, "volume": 2478061, "typical_volume": 8411694.75, "trend": 22.902541, "fair_value": 2190.530381, "relative_strength": -63.405041, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.667696, "energy": 21.451206, "activity_lines": [ 25.895567, 23.463809, 22.17205, 22.315236 ] }, { "date": "2024-11-08", "close": 23.45, "volume": 788642, "typical_volume": 8441332.1, "trend": 22.819707, "fair_value": 1995.151856, "relative_strength": -68.050348, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.311974, "energy": 25.40309, "activity_lines": [ 25.7313, 23.613609, 22.3537, 22.350556 ] }, { "date": "2024-11-15", "close": 21.707, "volume": 933184, "typical_volume": 8469468.65, "trend": 22.715057, "fair_value": 1823.319849, "relative_strength": -67.802406, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.807691, "energy": 22.397879, "activity_lines": [ 24.5518, 23.418564, 22.35975, 22.278768 ] }, { "date": "2024-11-22", "close": 20.475, "volume": 526411, "typical_volume": 8487104.15, "trend": 22.653807, "fair_value": 1670.999176, "relative_strength": -68.519037, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.499449, "energy": 2.659354, "activity_lines": [ 22.728067, 23.094718, 22.241767, 22.134248 ] }, { "date": "2024-11-29", "close": 21.0, "volume": 211883, "typical_volume": 8488359.9, "trend": 22.448124, "fair_value": 1562.431869, "relative_strength": -65.667921, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.572816, "energy": 8.410757, "activity_lines": [ 21.697667, 22.8767, 22.172933, 22.027551 ] }, { "date": "2024-12-06", "close": 28.0035, "volume": 45678191, "typical_volume": 10762107.65, "trend": 22.48015, "fair_value": 1444.486378, "relative_strength": -52.720234, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.94268, "energy": 6.587925, "activity_lines": [ 23.4871, 23.889409, 22.780433, 22.385962 ] }, { "date": "2024-12-13", "close": 23.17, "volume": 1597137, "typical_volume": 10830082.7, "trend": 22.365817, "fair_value": 1372.615673, "relative_strength": -58.85429, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 26.649414, "energy": 10.950077, "activity_lines": [ 23.568067, 23.841236, 22.897583, 22.430469 ] }, { "date": "2024-12-20", "close": 19.915, "volume": 19465856, "typical_volume": 11796911.35, "trend": 22.166317, "fair_value": 1306.108718, "relative_strength": -61.478611, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 17.433052, "energy": 7.314507, "activity_lines": [ 22.5827, 23.087909, 22.695867, 22.272352 ] }, { "date": "2024-12-27", "close": 19.25, "volume": 1705514, "typical_volume": 11864710.65, "trend": 21.901367, "fair_value": 1244.982115, "relative_strength": -60.147335, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.135984, "energy": 5.323092, "activity_lines": [ 21.495133, 22.182555, 22.434233, 22.084202 ] }, { "date": "2025-01-03", "close": 24.5105, "volume": 4036043, "typical_volume": 12055066.75, "trend": 21.878383, "fair_value": 1175.139234, "relative_strength": -44.640388, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.986401, "energy": 9.751186, "activity_lines": [ 22.242733, 22.424564, 22.664533, 22.252533 ] }, { "date": "2025-01-10", "close": 21.7525, "volume": 1512625, "typical_volume": 12117139.4, "trend": 21.8029, "fair_value": 1120.759442, "relative_strength": -45.614969, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 14.313269, "energy": 8.667248, "activity_lines": [ 21.836967, 22.233655, 22.59855, 22.244412 ] }, { "date": "2025-01-17", "close": 19.992035, "volume": 991905, "typical_volume": 12148604.5, "trend": 21.754835, "fair_value": 1076.464519, "relative_strength": -47.915562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.661497, "energy": 11.319129, "activity_lines": [ 21.261112, 21.809779, 22.362103, 22.127582 ] }, { "date": "2025-01-24", "close": 13.3315, "volume": 67814496, "typical_volume": 15496860.15, "trend": 21.522551, "fair_value": 1034.819209, "relative_strength": -63.129635, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -38.193419, "energy": 34.293288, "activity_lines": [ 18.676943, 20.237769, 21.50047, 21.584141 ] }, { "date": "2025-01-31", "close": 11.655, "volume": 10429724, "typical_volume": 14688782.1, "trend": 21.234501, "fair_value": 987.105459, "relative_strength": -64.852939, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.623672, "energy": 61.856782, "activity_lines": [ 15.97284, 18.513223, 20.543986, 20.947525 ] }, { "date": "2025-02-07", "close": 10.969, "volume": 54943964, "typical_volume": 17390445.0, "trend": 20.834801, "fair_value": 940.733465, "relative_strength": -64.258357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.681154, "energy": 67.78701, "activity_lines": [ 13.546405, 16.824314, 19.566886, 20.285234 ] }, { "date": "2025-02-14", "close": 10.792565, "volume": 6531210, "typical_volume": 17699449.5, "trend": 20.47122, "fair_value": 895.369956, "relative_strength": -63.35972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.778609, "energy": 71.396907, "activity_lines": [ 11.963924, 15.285707, 18.609583, 19.637348 ] }, { "date": "2025-02-21", "close": 11.1755, "volume": 3965212, "typical_volume": 17878362.1, "trend": 20.13347, "fair_value": 858.422363, "relative_strength": -58.46428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.866574, "energy": 68.687768, "activity_lines": [ 11.239751, 14.12965, 17.723023, 19.037624 ] }, { "date": "2025-02-28", "close": 10.8745, "volume": 167947760, "typical_volume": 26257154.8, "trend": 19.808203, "fair_value": 819.790148, "relative_strength": -54.802655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.381271, "energy": 58.141233, "activity_lines": [ 11.003013, 13.136948, 16.835229, 18.440271 ] }, { "date": "2025-03-07", "close": 10.843, "volume": 4863868, "typical_volume": 20097493.55, "trend": 19.591437, "fair_value": 770.051962, "relative_strength": -52.017994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.149628, "energy": 63.459557, "activity_lines": [ 10.919575, 12.302892, 15.979336, 17.861871 ] }, { "date": "2025-03-14", "close": 10.652775, "volume": 2346007, "typical_volume": 19938384.65, "trend": 19.364829, "fair_value": 720.312557, "relative_strength": -50.519595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.166231, "energy": 58.645103, "activity_lines": [ 10.826863, 11.587104, 15.195359, 17.285183 ] }, { "date": "2025-03-21", "close": 10.5, "volume": 1579322, "typical_volume": 19893447.7, "trend": 19.009346, "fair_value": 671.245249, "relative_strength": -50.406962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.694749, "energy": 60.928641, "activity_lines": [ 10.704307, 11.095497, 14.480772, 16.713259 ] }, { "date": "2025-03-28", "close": 8.463, "volume": 2556162, "typical_volume": 19981823.7, "trend": 18.560996, "fair_value": 626.203345, "relative_strength": -58.024554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.427471, "energy": 69.214439, "activity_lines": [ 9.922255, 10.438117, 13.648584, 16.032849 ] }, { "date": "2025-04-04", "close": 8.162, "volume": 217449656, "typical_volume": 30807647.3, "trend": 17.934962, "fair_value": 586.544127, "relative_strength": -54.153778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.747363, "energy": 64.170517, "activity_lines": [ 9.220703, 9.935629, 12.859097, 15.361946 ] }, { "date": "2025-04-11", "close": 5.37, "volume": 6345226, "typical_volume": 31098588.05, "trend": 17.412446, "fair_value": 545.520858, "relative_strength": -71.317921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.185579, "energy": 77.769114, "activity_lines": [ 7.769318, 9.019496, 11.868205, 14.551304 ] }, { "date": "2025-04-18", "close": 5.4786, "volume": 200173, "typical_volume": 31098002.55, "trend": 16.973233, "fair_value": 510.219439, "relative_strength": -69.37379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.511774, "energy": 77.79839, "activity_lines": [ 6.719, 8.237381, 10.959584, 13.781378 ] }, { "date": "2025-04-25", "close": 7.1165, "volume": 202333, "typical_volume": 28824209.65, "trend": 16.610782, "fair_value": 483.301596, "relative_strength": -61.940836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.061948, "energy": 80.390472, "activity_lines": [ 6.559593, 7.852891, 10.280865, 13.14546 ] }, { "date": "2025-05-02", "close": 6.1, "volume": 239299, "typical_volume": 28756317.75, "trend": 16.249566, "fair_value": 456.75416, "relative_strength": -67.672736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.556222, "energy": 79.414659, "activity_lines": [ 6.28692, 7.35042, 9.604798, 12.467345 ] }, { "date": "2025-05-09", "close": 6.19, "volume": 131149, "typical_volume": 27789582.4, "trend": 15.849116, "fair_value": 435.820763, "relative_strength": -66.31808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.777004, "energy": 75.810457, "activity_lines": [ 6.20178, 6.956595, 9.018589, 11.818341 ] }, { "date": "2025-05-16", "close": 7.7, "volume": 10019184, "typical_volume": 28205265.9, "trend": 15.114116, "fair_value": 414.671564, "relative_strength": -59.8853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.196212, "energy": 51.285195, "activity_lines": [ 6.75144, 6.922489, 8.641546, 11.292591 ] }, { "date": "2025-05-23", "close": 8.9, "volume": 244883, "typical_volume": 28015707.9, "trend": 14.468116, "fair_value": 393.419, "relative_strength": -51.517845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.130776, "energy": 38.876013, "activity_lines": [ 7.545767, 7.163709, 8.433789, 10.891681 ] }, { "date": "2025-05-30", "close": 8.53, "volume": 114943, "typical_volume": 27945823.8, "trend": 13.867649, "fair_value": 372.771482, "relative_strength": -53.314043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.467602, "energy": 31.860485, "activity_lines": [ 7.988667, 7.369525, 8.26513, 10.508576 ] }, { "date": "2025-06-06", "close": 8.82, "volume": 72265, "typical_volume": 27899841.8, "trend": 13.379983, "fair_value": 357.078021, "relative_strength": -51.705723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.950131, "energy": 24.425873, "activity_lines": [ 8.434, 7.663887, 8.187054, 10.182922 ] }, { "date": "2025-06-13", "close": 8.38, "volume": 59389, "typical_volume": 24512086.45, "trend": 12.935749, "fair_value": 345.37645, "relative_strength": -52.950899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.043576, "energy": 22.331732, "activity_lines": [ 8.551333, 7.871758, 8.120273, 9.860342 ] }, { "date": "2025-06-20", "close": 8.7, "volume": 41704, "typical_volume": 23992685.45, "trend": 12.543249, "fair_value": 333.45145, "relative_strength": -50.339938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.062278, "energy": 14.81023, "activity_lines": [ 8.629333, 8.133847, 8.107547, 9.587068 ] }, { "date": "2025-06-27", "close": 9.27, "volume": 62722, "typical_volume": 21248623.35, "trend": 12.152249, "fair_value": 312.8777, "relative_strength": -48.429911, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.990011, "energy": 13.756162, "activity_lines": [ 8.830667, 8.439027, 8.163178, 9.375891 ] }, { "date": "2025-07-04", "close": 8.8, "volume": 16122, "typical_volume": 20922868.95, "trend": 11.512132, "fair_value": 295.097572, "relative_strength": -51.033301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.763912, "energy": 12.546336, "activity_lines": [ 8.850667, 8.589818, 8.182138, 9.159616 ] }, { "date": "2025-07-11", "close": 8.89, "volume": 12658, "typical_volume": 20725241.25, "trend": 11.036133, "fair_value": 281.356482, "relative_strength": -49.430623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.526108, "energy": 11.873901, "activity_lines": [ 8.882667, 8.726364, 8.219158, 8.990447 ] }, { "date": "2025-07-18", "close": 8.48, "volume": 19594, "typical_volume": 12328832.95, "trend": 10.654966, "fair_value": 267.276226, "relative_strength": -51.463104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.709741, "energy": 9.627078, "activity_lines": [ 8.773333, 8.737636, 8.228013, 8.825535 ] }, { "date": "2025-07-25", "close": 8.17, "volume": 15307, "typical_volume": 12086404.9, "trend": 10.285633, "fair_value": 255.324271, "relative_strength": -52.729053, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.054125, "energy": 17.690088, "activity_lines": [ 8.554, 8.650909, 8.218747, 8.665214 ] }, { "date": "2025-08-01", "close": 6.82, "volume": 36265, "typical_volume": 11970917.8, "trend": 9.695949, "fair_value": 241.125681, "relative_strength": -58.768836, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.759447, "energy": 34.608522, "activity_lines": [ 7.92, 8.310182, 8.093638, 8.441625 ] }, { "date": "2025-08-08", "close": 7.15, "volume": 19314, "typical_volume": 11892917.4, "trend": 9.209199, "fair_value": 228.302284, "relative_strength": -57.611489, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.262485, "energy": 38.81991, "activity_lines": [ 7.559333, 8.067273, 8.018209, 8.27737 ] }, { "date": "2025-08-15", "close": 7.48, "volume": 15079, "typical_volume": 11765863.25, "trend": 8.792131, "fair_value": 215.911771, "relative_strength": -55.164968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.851109, "energy": 52.822782, "activity_lines": [ 7.418667, 7.909455, 7.990161, 8.165809 ] }, { "date": "2025-08-22", "close": 7.2014, "volume": 18650, "typical_volume": 894312.95, "trend": 8.587795, "fair_value": 206.050241, "relative_strength": -55.489198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.197792, "energy": 61.342251, "activity_lines": [ 7.279133, 7.725345, 7.94026, 8.063181 ] }, { "date": "2025-08-29", "close": 7.3753, "volume": 11767, "typical_volume": 577640.0, "trend": 8.445138, "fair_value": 197.832134, "relative_strength": -53.228822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.903503, "energy": 53.805839, "activity_lines": [ 7.282807, 7.594284, 7.911496, 7.984956 ] }, { "date": "2025-09-05", "close": 7.5599, "volume": 5571, "typical_volume": 567909.9, "trend": 8.331501, "fair_value": 187.86521, "relative_strength": -50.915557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.66333, "energy": 34.809441, "activity_lines": [ 7.400993, 7.520871, 7.890764, 7.927844 ] }, { "date": "2025-09-12", "close": 7.6, "volume": 8764, "typical_volume": 558231.45, "trend": 8.225083, "fair_value": 178.060082, "relative_strength": -50.421081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.368427, "energy": 28.180881, "activity_lines": [ 7.48322, 7.485842, 7.86394, 7.88065 ] }, { "date": "2025-09-19", "close": 7.7, "volume": 2310653, "typical_volume": 661799.15, "trend": 8.109232, "fair_value": 170.247903, "relative_strength": -49.871692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.767008, "energy": 17.323432, "activity_lines": [ 7.56878, 7.490813, 7.844337, 7.846774 ] }, { "date": "2025-09-26", "close": 7.2815, "volume": 175337, "typical_volume": 664008.55, "trend": 7.989466, "fair_value": 164.290733, "relative_strength": -51.475232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.654179, "energy": 19.726804, "activity_lines": [ 7.500173, 7.441329, 7.777258, 7.793372 ] }, { "date": "2025-10-03", "close": 7.2, "volume": 46263, "typical_volume": 165362.5, "trend": 7.868032, "fair_value": 158.440733, "relative_strength": -51.744092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.236712, "energy": 22.828114, "activity_lines": [ 7.39906, 7.398818, 7.697219, 7.742438 ] }, { "date": "2025-10-10", "close": 20.5, "volume": 13868594, "typical_volume": 846548.05, "trend": 8.196273, "fair_value": 153.968297, "relative_strength": 40.83755, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.366947, "energy": 67.265268, "activity_lines": [ 11.742967, 9.792125, 8.886228, 8.557404 ] }, { "date": "2025-10-17", "close": 14.89, "volume": 2122937, "typical_volume": 946947.75, "trend": 8.342607, "fair_value": 148.571438, "relative_strength": 2.718436, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.144461, "energy": 68.725241, "activity_lines": [ 13.3542, 10.916705, 9.485713, 8.989257 ] }, { "date": "2025-10-24", "close": 12.95, "volume": 631650, "typical_volume": 974917.0, "trend": 8.492173, "fair_value": 143.48522, "relative_strength": -9.943885, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.241211, "energy": 65.243092, "activity_lines": [ 13.832767, 11.547831, 9.870151, 9.286509 ] }, { "date": "2025-10-31", "close": 11.3, "volume": 202485, "typical_volume": 982071.8, "trend": 8.596773, "fair_value": 138.819194, "relative_strength": -20.500105, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.576153, "energy": 61.767, "activity_lines": [ 13.411333, 11.779502, 10.077779, 9.467659 ] }, { "date": "2025-11-07", "close": 9.01, "volume": 179882, "typical_volume": 988980.7, "trend": 8.718107, "fair_value": 133.761566, "relative_strength": -32.824851, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.584791, "energy": 26.440472, "activity_lines": [ 11.958667, 11.520289, 10.053407, 9.494318 ] }, { "date": "2025-11-14", "close": 15.03, "volume": 19278552, "typical_volume": 1949772.2, "trend": 9.036487, "fair_value": 128.957912, "relative_strength": 14.141971, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.075251, "energy": 28.612215, "activity_lines": [ 12.392, 12.3259, 10.600892, 9.901537 ] }, { "date": "2025-11-21", "close": 18.295, "volume": 636803, "typical_volume": 1980806.25, "trend": 9.409103, "fair_value": 124.148265, "relative_strength": 44.607832, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.229248, "energy": 36.194744, "activity_lines": [ 14.278333, 13.589327, 11.431901, 10.498861 ] }, { "date": "2025-11-28", "close": 21.75, "volume": 244389, "typical_volume": 1992392.8, "trend": 9.93077, "fair_value": 119.57615, "relative_strength": 64.745975, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.052515, "energy": 50.67228, "activity_lines": [ 17.089333, 15.286482, 12.546744, 11.295048 ] }, { "date": "2025-12-05", "close": 12.09, "volume": 735392, "typical_volume": 2028182.7, "trend": 10.127437, "fair_value": 115.45365, "relative_strength": -6.454992, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.777943, "energy": 43.485798, "activity_lines": [ 16.093667, 14.971818, 12.680348, 11.434353 ] }, { "date": "2025-12-12", "close": 10.3, "volume": 674510, "typical_volume": 2061142.85, "trend": 10.214103, "fair_value": 111.400444, "relative_strength": -16.661042, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.727523, "energy": 26.422246, "activity_lines": [ 14.448667, 14.244273, 12.626286, 11.445486 ] }, { "date": "2025-12-19", "close": 14.2, "volume": 317413, "typical_volume": 2075200.25, "trend": 10.39077, "fair_value": 107.937624, "relative_strength": 15.982115, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.847838, "energy": 18.981634, "activity_lines": [ 14.017667, 14.169455, 12.933509, 11.702641 ] }, { "date": "2025-12-26", "close": 13.99, "volume": 103860, "typical_volume": 2079427.55, "trend": 10.57277, "fair_value": 104.204226, "relative_strength": 14.487225, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.188363, "energy": 17.022282, "activity_lines": [ 13.572, 14.171, 13.18559, 11.934849 ] }, { "date": "2026-01-02", "close": 14.08, "volume": 160355, "typical_volume": 2086691.35, "trend": 10.748103, "fair_value": 100.390637, "relative_strength": 20.142182, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.872761, "energy": 14.860007, "activity_lines": [ 13.443333, 14.205273, 13.41367, 12.161122 ] }, { "date": "2026-01-09", "close": 12.21, "volume": 214033, "typical_volume": 2096460.5, "trend": 10.87577, "fair_value": 95.999675, "relative_strength": 4.417546, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.919035, "energy": 12.606348, "activity_lines": [ 13.202667, 13.879, 13.432227, 12.255438 ] }, { "date": "2026-01-16", "close": 10.27, "volume": 135008, "typical_volume": 2102622.55, "trend": 10.928103, "fair_value": 91.919355, "relative_strength": -9.357818, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.046485, "energy": 6.453167, "activity_lines": [ 12.307333, 13.183455, 13.242171, 12.216356 ] }, { "date": "2026-01-23", "close": 9.6, "volume": 120371, "typical_volume": 2108362.55, "trend": 10.939103, "fair_value": 87.780893, "relative_strength": -14.579802, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.24341, "energy": 15.952834, "activity_lines": [ 11.190667, 12.343182, 12.974521, 12.130672 ] }, { "date": "2026-01-30", "close": 7.215, "volume": 233238, "typical_volume": 2119586.25, "trend": 10.88627, "fair_value": 81.526874, "relative_strength": -34.963456, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.05831, "energy": 43.640302, "activity_lines": [ 9.585667, 11.168, 12.470014, 11.890407 ] }, { "date": "2026-02-06", "close": 7.14, "volume": 141630, "typical_volume": 2011135.1, "trend": 10.827937, "fair_value": 77.076489, "relative_strength": -33.679561, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.032391, "energy": 51.282157, "activity_lines": [ 8.407333, 10.180636, 11.960198, 11.648712 ] }, { "date": "2026-02-13", "close": 8.4, "volume": 70495, "typical_volume": 2005893.0, "trend": 10.82527, "fair_value": 73.361105, "relative_strength": -20.436743, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.064167, "energy": 52.422154, "activity_lines": [ 8.111667, 9.688, 11.573048, 11.492071 ] }, { "date": "2026-02-20", "close": 8.61, "volume": 196493, "typical_volume": 2013404.5, "trend": 10.839937, "fair_value": 72.150912, "relative_strength": -18.728401, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.670558, "energy": 52.395307, "activity_lines": [ 8.14, 9.300636, 11.200571, 11.349151 ] }, { "date": "2026-02-27", "close": 8.37, "volume": 164364, "typical_volume": 1328193.0, "trend": 10.891603, "fair_value": 70.719489, "relative_strength": -20.114147, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.17622, "energy": 43.674116, "activity_lines": [ 8.199, 8.900364, 10.798524, 11.1898 ] }, { "date": "2026-03-06", "close": 8.67, "volume": 69227, "typical_volume": 1225507.5, "trend": 10.94227, "fair_value": 69.428912, "relative_strength": -15.484924, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.823404, "energy": 41.731098, "activity_lines": [ 8.44, 8.660636, 10.48281, 11.046471 ] }, { "date": "2026-03-13", "close": 8.06, "volume": 110309, "typical_volume": 1199440.45, "trend": 10.961603, "fair_value": 68.214925, "relative_strength": -19.845151, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.200076, "energy": 54.921903, "activity_lines": [ 8.380667, 8.406727, 10.138619, 10.860518 ] }, { "date": "2026-03-20", "close": 7.941, "volume": 51300, "typical_volume": 1191881.2, "trend": 10.986257, "fair_value": 66.866098, "relative_strength": -18.6799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.594178, "energy": 63.308408, "activity_lines": [ 8.220333, 8.240636, 9.806381, 10.66564 ] }, { "date": "2026-03-27", "close": 6.41, "volume": 4412806, "typical_volume": 1403527.4, "trend": 10.95408, "fair_value": 65.626726, "relative_strength": -31.642322, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.248621, "energy": 68.82877, "activity_lines": [ 7.580267, 7.8738, 9.344329, 10.370398 ] }, { "date": "2026-04-03", "close": 7.02, "volume": 307748, "typical_volume": 454987.2, "trend": 10.936083, "fair_value": 64.419803, "relative_strength": -27.383566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.973749, "energy": 65.83768, "activity_lines": [ 7.2902, 7.688055, 8.952752, 10.116586 ] }, { "date": "2026-04-10", "close": 5.9, "volume": 141489, "typical_volume": 430221.5, "trend": 10.879417, "fair_value": 63.091278, "relative_strength": -41.423566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.921331, "energy": 75.370047, "activity_lines": [ 6.7168, 7.345582, 8.492652, 9.791677 ] }, { "date": "2026-04-17", "close": 6.46, "volume": 145085, "typical_volume": 425256.3, "trend": 10.838083, "fair_value": 61.893957, "relative_strength": -39.425762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.494864, "energy": 67.453412, "activity_lines": [ 6.514733, 7.128836, 8.14491, 9.506554 ] }, { "date": "2026-04-24", "close": 5.7, "volume": 189130, "typical_volume": 397943.2, "trend": 10.785367, "fair_value": 60.584342, "relative_strength": -47.301571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.846291, "energy": 68.768289, "activity_lines": [ 6.166, 6.786273, 7.797595, 9.175065 ] }, { "date": "2026-05-01", "close": 6.21, "volume": 120604, "typical_volume": 370247.9, "trend": 10.752367, "fair_value": 59.292265, "relative_strength": -43.239105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.215874, "energy": 64.753585, "activity_lines": [ 6.136667, 6.585527, 7.529281, 8.87988 ] }, { "date": "2026-05-08", "close": 5.93, "volume": 82278, "typical_volume": 358491.15, "trend": 10.2667, "fair_value": 58.016162, "relative_strength": -48.355247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.740755, "energy": 53.972671, "activity_lines": [ 6.027333, 6.377509, 7.253776, 8.568759 ] }, { "date": "2026-05-15", "close": 5.79, "volume": 63664, "typical_volume": 356481.35, "trend": 9.963367, "fair_value": 56.783585, "relative_strength": -49.006854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.312262, "energy": 53.039993, "activity_lines": [ 5.944, 6.1884, 7.004319, 8.27994 ] }, { "date": "2026-05-22", "close": 4.77, "volume": 205445, "typical_volume": 358735.85, "trend": 9.6907, "fair_value": 55.658893, "relative_strength": -57.944091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.691504, "energy": 58.57184, "activity_lines": [ 5.528, 5.8662, 6.696767, 7.944884 ] }, { "date": "2026-05-29", "close": 5.06, "volume": 163668, "typical_volume": 356217.6, "trend": 9.4827, "fair_value": 54.453137, "relative_strength": -56.127775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.981836, "energy": 59.180211, "activity_lines": [ 5.321333, 5.656545, 6.461167, 7.646129 ] }, { "date": "2026-06-05", "close": 4.49, "volume": 168576, "typical_volume": 357896.0, "trend": 9.332033, "fair_value": 53.189611, "relative_strength": -58.708533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.894987, "energy": 64.654057, "activity_lines": [ 4.967333, 5.395636, 6.205329, 7.324019 ] }, { "date": "2026-06-12", "close": 4.2, "volume": 165958, "typical_volume": 360175.35, "trend": 8.971033, "fair_value": 51.78665, "relative_strength": -61.763796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.987303, "energy": 69.921354, "activity_lines": [ 4.631333, 5.116909, 5.949395, 6.99292 ] }, { "date": "2026-06-19", "close": 4.65, "volume": 97729, "typical_volume": 353399.9, "trend": 8.5162, "fair_value": 50.23365, "relative_strength": -58.22589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.045533, "energy": 55.342461, "activity_lines": [ 4.560667, 4.971273, 5.762033, 6.714144 ] }, { "date": "2026-06-26", "close": 4.45, "volume": 13227362, "typical_volume": 1007686.5, "trend": 7.939533, "fair_value": 48.915181, "relative_strength": -57.560116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.874981, "energy": 57.898354, "activity_lines": [ 4.499333, 4.812, 5.567838, 6.451809 ] }, { "date": "2026-07-03", "close": 4.58, "volume": 357209, "typical_volume": 1022022.2, "trend": 7.6892, "fair_value": 47.717117, "relative_strength": -56.155974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.268019, "energy": 53.491959, "activity_lines": [ 4.502667, 4.712909, 5.398833, 6.235065 ] }, { "date": "2026-07-10", "close": 4.45, "volume": 229590, "typical_volume": 1023677.05, "trend": 7.4942, "fair_value": 46.237951, "relative_strength": -57.604169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.111999, "energy": 50.495867, "activity_lines": [ 4.494667, 4.610545, 5.235638, 6.026084 ] }, { "date": "2026-07-17", "close": 4.24, "volume": 93672, "typical_volume": 1020142.45, "trend": 7.1622, "fair_value": 44.225707, "relative_strength": -57.337404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.854025, "energy": 52.022965, "activity_lines": [ 4.419333, 4.502, 5.072252, 5.816135 ] }, { "date": "2026-07-24", "close": 4.28, "volume": 42132, "typical_volume": 1018787.7, "trend": 6.838533, "fair_value": 42.565963, "relative_strength": -55.746685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.860835, "energy": 50.156426, "activity_lines": [ 4.354667, 4.431455, 4.932343, 5.630187 ] }, { "date": "2026-07-31", "close": 4.45, "volume": 70468, "typical_volume": 1016795.65, "trend": 6.517533, "fair_value": 41.08904, "relative_strength": -53.870743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.120622, "energy": 47.836767, "activity_lines": [ 4.371333, 4.419273, 4.829529, 5.476088 ] }, { "date": "2026-08-07", "close": 4.79, "volume": 81029, "typical_volume": 1018282.1, "trend": 6.2702, "fair_value": 39.785931, "relative_strength": -52.369451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.867523, "energy": 37.73887, "activity_lines": [ 4.501333, 4.474727, 4.776286, 5.364634 ] } ], "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." } } }