{ "ticker": { "uuid": "03a3fd25-3518-4eda-b4b8-7d04d6fb71a0", "symbol": "COUR", "name": "Coursera Inc", "exchange": "NYSE", "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": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 66.921, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -24.736, "architecture_energy": 13.52, "architecture_maturity": 73.295, "architecture_confidence": 74.375, "architecture_tenure": "Extended", "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": 53.88, "rotation_up": 22.52, "upward_expansion": 11.41, "deceleration": 51.75, "rotation_down": 39.65, "downward_expansion": 65.75 }, "activity_lines": [ 5.548667, 5.576182, 5.566286, 5.638108 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.166667 }, "latest_close": 5.81, "trend_reference": 5.768667, "distance_from_trend": 0.007165, "trend_direction": "Weakening", "fair_value": 10.035577, "distance_from_fair_value": -0.42106, "fair_value_direction": "Improving", "relative_strength": -30.003863, "relative_strength_direction": "Improving", "price_momentum": -0.01692, "excess_performance": -0.142545, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007165, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.117851, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.42106, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.038931, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.300039, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.085682, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.01692, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.198127, "read": "Demand-led" } ], "volume": { "latest": 35090479, "relative_activity": 1.093174, "balance": 1.198127, "dry_up": 1.147254, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.112569, "annualized_volatility": 0.533198, "from_high_reference": -0.528409, "from_low_reference": 0.162 }, "levels": { "trend_reference": 5.768667, "fair_value_reference": 10.035577, "structural_low": 5.0, "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": 22, "median_return": 0.024123, "positive_rate": 0.590909, "directional_follow_through": 0.409091, "median_excess_return": -0.010396, "regime_survival": 0.772727, "best_return": 0.319588, "worst_return": -0.325954, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.1499, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.027841, "regime_survival": 0.375, "best_return": 0.265014, "worst_return": -0.53103, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.017771, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.169478, "regime_survival": 0.333333, "best_return": 0.700667, "worst_return": -0.442172, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.210604, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.497741, "regime_survival": 0.333333, "best_return": 0.607237, "worst_return": -0.508463, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-02-23", "end": "2024-03-08", "tenure": "New", "return": -0.07949, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-15", "end": "2024-08-30", "tenure": "Established", "return": -0.428773, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-06", "end": "2024-10-18", "tenure": "Developing", "return": 0.050685, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-25", "end": "2024-11-29", "tenure": "Developing", "return": 0.155523, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": 0.01697, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": -0.096131, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-03-14", "tenure": "Developing", "return": -0.133085, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.12202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.28866, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": 0.057579, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-09-12", "tenure": "Established", "return": 0.295159, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-10-31", "tenure": "Developing", "return": -0.277253, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": 0.02303, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-08-07", "tenure": "Extended", "return": -0.280941, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.81, "volume": 6368894, "typical_volume": 5588283.7, "trend": 12.877, "fair_value": 21.81504, "relative_strength": 15.366435, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.341095, "energy": 89.144387, "activity_lines": [ 15.564667, 14.711818, 13.760714, 13.196237 ] }, { "date": "2023-08-25", "close": 16.89, "volume": 6508912, "typical_volume": 5787728.05, "trend": 12.920333, "fair_value": 21.775952, "relative_strength": 21.63298, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.435052, "energy": 92.845488, "activity_lines": [ 16.128667, 15.219636, 14.134238, 13.45514 ] }, { "date": "2023-09-01", "close": 17.42, "volume": 6733771, "typical_volume": 5970537.75, "trend": 12.962, "fair_value": 21.741654, "relative_strength": 21.633241, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.509186, "energy": 91.878761, "activity_lines": [ 16.628, 15.754182, 14.530905, 13.745441 ] }, { "date": "2023-09-08", "close": 18.11, "volume": 5546015, "typical_volume": 6057111.5, "trend": 13.118667, "fair_value": 21.713281, "relative_strength": 27.335249, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.224162, "energy": 92.602311, "activity_lines": [ 17.216667, 16.327636, 14.963524, 14.07757 ] }, { "date": "2023-09-15", "close": 18.22, "volume": 8239507, "typical_volume": 6143444.2, "trend": 13.289, "fair_value": 21.686202, "relative_strength": 27.458191, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.267521, "energy": 90.209009, "activity_lines": [ 17.692667, 16.828545, 15.370333, 14.406688 ] }, { "date": "2023-09-22", "close": 18.11, "volume": 5610627, "typical_volume": 5995490.4, "trend": 13.488, "fair_value": 21.658692, "relative_strength": 29.436857, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.074981, "energy": 79.67514, "activity_lines": [ 17.966, 17.212909, 15.739143, 14.71772 ] }, { "date": "2023-09-29", "close": 18.69, "volume": 4789832, "typical_volume": 5847757.2, "trend": 13.724, "fair_value": 21.636031, "relative_strength": 33.469712, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.97416, "energy": 73.669544, "activity_lines": [ 18.279333, 17.615818, 16.129143, 15.053333 ] }, { "date": "2023-10-06", "close": 18.21, "volume": 6686414, "typical_volume": 5779104.8, "trend": 13.953333, "fair_value": 21.610076, "relative_strength": 28.612831, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.771518, "energy": 65.011621, "activity_lines": [ 18.312667, 17.832909, 16.439619, 15.342753 ] }, { "date": "2023-10-13", "close": 18.19, "volume": 5481561, "typical_volume": 5761824.45, "trend": 14.186333, "fair_value": 21.584361, "relative_strength": 27.184022, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.028295, "energy": 59.896031, "activity_lines": [ 18.286667, 17.993636, 16.718619, 15.616086 ] }, { "date": "2023-10-20", "close": 17.84, "volume": 6139505, "typical_volume": 5804441.5, "trend": 14.418667, "fair_value": 21.556418, "relative_strength": 26.983222, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.763719, "energy": 52.640357, "activity_lines": [ 18.138667, 18.048545, 16.936905, 15.851806 ] }, { "date": "2023-10-27", "close": 17.2, "volume": 9271917, "typical_volume": 6039888.85, "trend": 14.608, "fair_value": 21.524148, "relative_strength": 25.032345, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.256977, "energy": 38.415026, "activity_lines": [ 17.802667, 17.948727, 17.072048, 16.031247 ] }, { "date": "2023-11-03", "close": 18.05, "volume": 9974238, "typical_volume": 6318046.4, "trend": 14.838, "fair_value": 21.498603, "relative_strength": 23.450574, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.907495, "energy": 35.224387, "activity_lines": [ 17.810667, 17.978182, 17.268, 16.253312 ] }, { "date": "2023-11-10", "close": 18.66, "volume": 7784566, "typical_volume": 6391854.6, "trend": 15.087667, "fair_value": 21.477883, "relative_strength": 25.402884, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.337214, "energy": 37.850025, "activity_lines": [ 18.064667, 18.097455, 17.498286, 16.499892 ] }, { "date": "2023-11-17", "close": 19.18, "volume": 8796115, "typical_volume": 6626080.4, "trend": 15.377333, "fair_value": 21.461232, "relative_strength": 25.519788, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.964096, "energy": 45.788421, "activity_lines": [ 18.462, 18.288727, 17.749524, 16.763914 ] }, { "date": "2023-11-24", "close": 19.61, "volume": 3360919, "typical_volume": 6649974.8, "trend": 15.616333, "fair_value": 21.447914, "relative_strength": 26.465264, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.839172, "energy": 53.807723, "activity_lines": [ 18.936667, 18.538727, 18.012381, 17.036989 ] }, { "date": "2023-12-01", "close": 20.21, "volume": 6581841, "typical_volume": 6781664.55, "trend": 15.924667, "fair_value": 21.439071, "relative_strength": 28.57938, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.322107, "energy": 71.775183, "activity_lines": [ 19.493333, 18.872545, 18.300476, 17.333355 ] }, { "date": "2023-12-08", "close": 20.72, "volume": 5566857, "typical_volume": 6892287.3, "trend": 16.229, "fair_value": 21.433972, "relative_strength": 30.573102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.623474, "energy": 81.190636, "activity_lines": [ 20.019333, 19.260909, 18.604381, 17.642731 ] }, { "date": "2023-12-15", "close": 19.76, "volume": 7715907, "typical_volume": 6910286.0, "trend": 16.487667, "fair_value": 21.422183, "relative_strength": 21.038386, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.154086, "energy": 68.461015, "activity_lines": [ 20.047333, 19.437818, 18.781381, 17.870538 ] }, { "date": "2023-12-22", "close": 19.87, "volume": 5858094, "typical_volume": 6653433.75, "trend": 16.735333, "fair_value": 21.411329, "relative_strength": 19.939032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.865212, "energy": 54.931399, "activity_lines": [ 20.038667, 19.606545, 18.947667, 18.088753 ] }, { "date": "2023-12-29", "close": 19.37, "volume": 4218720, "typical_volume": 6561710.6, "trend": 16.941667, "fair_value": 21.397153, "relative_strength": 15.917012, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.524036, "energy": 44.16643, "activity_lines": [ 19.817333, 19.653818, 19.047286, 18.258731 ] }, { "date": "2024-01-05", "close": 18.8, "volume": 4282021, "typical_volume": 6457366.95, "trend": 17.136, "fair_value": 21.379241, "relative_strength": 13.830373, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.141977, "energy": 27.643878, "activity_lines": [ 19.422, 19.569636, 19.075286, 18.378624 ] }, { "date": "2024-01-12", "close": 19.6, "volume": 5506982, "typical_volume": 6407270.45, "trend": 17.354, "fair_value": 21.367055, "relative_strength": 16.036139, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.105989, "energy": 24.216332, "activity_lines": [ 19.387333, 19.601818, 19.165238, 18.537591 ] }, { "date": "2024-01-19", "close": 17.56, "volume": 7083621, "typical_volume": 6424762.95, "trend": 17.517333, "fair_value": 21.341156, "relative_strength": 2.622371, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.502154, "energy": 13.717268, "activity_lines": [ 18.747333, 19.234909, 19.048, 18.550882 ] }, { "date": "2024-01-26", "close": 19.86, "volume": 7985733, "typical_volume": 6546748.85, "trend": 17.745333, "fair_value": 21.331149, "relative_strength": 14.770392, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.025522, "energy": 20.525434, "activity_lines": [ 19.020667, 19.306182, 19.149143, 18.702022 ] }, { "date": "2024-02-02", "close": 18.21, "volume": 15774643, "typical_volume": 6923505.65, "trend": 17.922, "fair_value": 21.310201, "relative_strength": 3.925395, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.113867, "energy": 8.513372, "activity_lines": [ 18.744667, 19.065091, 19.08481, 18.732 ] }, { "date": "2024-02-09", "close": 17.87, "volume": 9785138, "typical_volume": 7132231.2, "trend": 18.073333, "fair_value": 21.287267, "relative_strength": 0.466494, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.479381, "energy": 13.000114, "activity_lines": [ 18.432667, 18.787636, 18.988143, 18.728645 ] }, { "date": "2024-02-16", "close": 16.86, "volume": 8835722, "typical_volume": 7334525.7, "trend": 18.193, "fair_value": 21.257947, "relative_strength": -4.946193, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.538346, "energy": 34.499804, "activity_lines": [ 17.846, 18.369091, 18.796429, 18.650366 ] }, { "date": "2024-02-23", "close": 16.48, "volume": 5601320, "typical_volume": 7280271.0, "trend": 18.232, "fair_value": 21.226513, "relative_strength": -8.681361, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.869053, "energy": 53.300576, "activity_lines": [ 17.315333, 17.951636, 18.577238, 18.539849 ] }, { "date": "2024-03-01", "close": 15.93, "volume": 6561075, "typical_volume": 7334246.7, "trend": 18.234, "fair_value": 21.191895, "relative_strength": -12.679286, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.492934, "energy": 66.432484, "activity_lines": [ 16.673333, 17.493818, 18.313905, 18.391333 ] }, { "date": "2024-03-08", "close": 15.17, "volume": 6934137, "typical_volume": 7373978.3, "trend": 18.215333, "fair_value": 21.152792, "relative_strength": -16.654252, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.912186, "energy": 83.069031, "activity_lines": [ 16.04, 16.969455, 17.988952, 18.193656 ] }, { "date": "2024-03-15", "close": 14.18, "volume": 6254843, "typical_volume": 7223124.6, "trend": 18.161, "fair_value": 21.107806, "relative_strength": -21.99282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.18464, "energy": 89.105852, "activity_lines": [ 15.279333, 16.341455, 17.582429, 17.933312 ] }, { "date": "2024-03-22", "close": 13.95, "volume": 6201632, "typical_volume": 7034494.3, "trend": 18.063, "fair_value": 21.061923, "relative_strength": -24.88901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.102266, "energy": 90.694055, "activity_lines": [ 14.688, 15.755636, 17.168381, 17.661634 ] }, { "date": "2024-03-29", "close": 14.02, "volume": 5968900, "typical_volume": 6943711.0, "trend": 17.949667, "fair_value": 20.858333, "relative_strength": -24.709592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.147587, "energy": 88.757454, "activity_lines": [ 14.314, 15.285273, 16.780524, 17.400796 ] }, { "date": "2024-04-05", "close": 13.84, "volume": 8274152, "typical_volume": 6917612.85, "trend": 17.807333, "fair_value": 20.603141, "relative_strength": -24.972526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.490614, "energy": 87.107063, "activity_lines": [ 14.044, 14.846545, 16.397619, 17.135656 ] }, { "date": "2024-04-12", "close": 13.1, "volume": 8647951, "typical_volume": 7181964.45, "trend": 17.636667, "fair_value": 20.392372, "relative_strength": -27.858932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.538856, "energy": 85.197456, "activity_lines": [ 13.666667, 14.382727, 15.969667, 16.831957 ] }, { "date": "2024-04-19", "close": 11.95, "volume": 11660140, "typical_volume": 7435879.4, "trend": 17.431333, "fair_value": 20.171731, "relative_strength": -32.044702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.889147, "energy": 91.746739, "activity_lines": [ 13.044, 13.802727, 15.46319, 16.465075 ] }, { "date": "2024-04-26", "close": 11.97, "volume": 9438651, "typical_volume": 7629469.1, "trend": 17.207333, "fair_value": 19.961923, "relative_strength": -33.44054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.383873, "energy": 92.234481, "activity_lines": [ 12.576667, 13.334, 14.997952, 16.112731 ] }, { "date": "2024-05-03", "close": 9.61, "volume": 23529043, "typical_volume": 8420125.9, "trend": 16.920667, "fair_value": 19.791859, "relative_strength": -46.64363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.388013, "energy": 98.296288, "activity_lines": [ 11.454667, 12.525091, 14.349619, 15.622581 ] }, { "date": "2024-05-10", "close": 8.83, "volume": 10457289, "typical_volume": 8650085.65, "trend": 16.608667, "fair_value": 19.604103, "relative_strength": -51.566112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.636017, "energy": 97.952178, "activity_lines": [ 10.366667, 11.699273, 13.675333, 15.100602 ] }, { "date": "2024-05-17", "close": 8.49, "volume": 10800784, "typical_volume": 8979188.85, "trend": 16.297, "fair_value": 19.417949, "relative_strength": -53.857607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.148332, "energy": 96.474807, "activity_lines": [ 9.499333, 10.940727, 13.021238, 14.576817 ] }, { "date": "2024-05-24", "close": 7.69, "volume": 10881752, "typical_volume": 9309175.4, "trend": 15.98, "fair_value": 19.223654, "relative_strength": -57.842587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.636301, "energy": 96.322023, "activity_lines": [ 8.672667, 10.158182, 12.342762, 14.021527 ] }, { "date": "2024-05-31", "close": 7.6, "volume": 11197196, "typical_volume": 9593686.1, "trend": 15.631667, "fair_value": 19.018205, "relative_strength": -57.775607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.629327, "energy": 93.464552, "activity_lines": [ 8.1, 9.477273, 11.708619, 13.480882 ] }, { "date": "2024-06-07", "close": 7.14, "volume": 20707379, "typical_volume": 10274874.0, "trend": 15.247667, "fair_value": 18.763013, "relative_strength": -60.440288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.586105, "energy": 93.501539, "activity_lines": [ 7.665333, 8.828182, 11.08781, 12.933032 ] }, { "date": "2024-06-14", "close": 6.65, "volume": 13806743, "typical_volume": 10565924.5, "trend": 14.83, "fair_value": 18.522692, "relative_strength": -63.379867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.280102, "energy": 91.658908, "activity_lines": [ 7.232, 8.215091, 10.469952, 12.378344 ] }, { "date": "2024-06-21", "close": 6.6, "volume": 11925317, "typical_volume": 10373458.2, "trend": 14.396333, "fair_value": 18.292179, "relative_strength": -63.521295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.602424, "energy": 82.046477, "activity_lines": [ 6.927333, 7.723636, 9.910238, 11.847376 ] }, { "date": "2024-06-28", "close": 7.16, "volume": 13774085, "typical_volume": 10572905.55, "trend": 13.961333, "fair_value": 18.081218, "relative_strength": -60.020281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.500756, "energy": 68.636107, "activity_lines": [ 6.935333, 7.452182, 9.459143, 11.380516 ] }, { "date": "2024-07-05", "close": 7.19, "volume": 6749866, "typical_volume": 10468612.75, "trend": 13.510333, "fair_value": 17.870705, "relative_strength": -60.214352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.985272, "energy": 67.733999, "activity_lines": [ 6.988667, 7.273273, 9.061905, 10.943656 ] }, { "date": "2024-07-12", "close": 7.11, "volume": 11268607, "typical_volume": 10751977.1, "trend": 13.088667, "fair_value": 17.671795, "relative_strength": -60.628799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.22374, "energy": 66.241741, "activity_lines": [ 7.042667, 7.166727, 8.703095, 10.530731 ] }, { "date": "2024-07-19", "close": 7.18, "volume": 11431040, "typical_volume": 10995475.35, "trend": 12.665667, "fair_value": 17.467244, "relative_strength": -59.037068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.145554, "energy": 60.841997, "activity_lines": [ 7.122, 7.118364, 8.395571, 10.149527 ] }, { "date": "2024-07-26", "close": 10.72, "volume": 37552694, "typical_volume": 12526403.2, "trend": 12.377333, "fair_value": 17.307821, "relative_strength": -37.794392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.392685, "energy": 32.359304, "activity_lines": [ 8.346, 7.743636, 8.466857, 10.024 ] }, { "date": "2024-08-02", "close": 8.69, "volume": 22345546, "typical_volume": 13330938.35, "trend": 12.040333, "fair_value": 17.106795, "relative_strength": -47.857593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.478665, "energy": 30.420809, "activity_lines": [ 8.618667, 7.959273, 8.366, 9.786108 ] }, { "date": "2024-08-09", "close": 7.91, "volume": 10788457, "typical_volume": 13560279.6, "trend": 11.650667, "fair_value": 16.910769, "relative_strength": -51.926449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.274116, "energy": 30.737429, "activity_lines": [ 8.529333, 8.014909, 8.217, 9.519634 ] }, { "date": "2024-08-16", "close": 8.25, "volume": 9357964, "typical_volume": 13729732.8, "trend": 11.340333, "fair_value": 16.729487, "relative_strength": -51.123423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.109257, "energy": 28.512153, "activity_lines": [ 8.505333, 8.126727, 8.129143, 9.300237 ] }, { "date": "2024-08-23", "close": 8.36, "volume": 6588823, "typical_volume": 13645466.35, "trend": 10.957, "fair_value": 16.541538, "relative_strength": -50.407293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.77117, "energy": 22.60252, "activity_lines": [ 8.442, 8.238364, 8.079238, 9.107957 ] }, { "date": "2024-08-30", "close": 8.1, "volume": 6325179, "typical_volume": 13529327.75, "trend": 10.62, "fair_value": 16.338782, "relative_strength": -51.307955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.180024, "energy": 28.651884, "activity_lines": [ 8.213333, 8.271636, 8.030667, 8.923634 ] }, { "date": "2024-09-06", "close": 7.3, "volume": 5598465, "typical_volume": 13226244.0, "trend": 10.267667, "fair_value": 16.144615, "relative_strength": -53.381396, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -52.376297, "energy": 35.771647, "activity_lines": [ 7.892667, 8.132182, 7.929714, 8.709441 ] }, { "date": "2024-09-13", "close": 7.91, "volume": 7198750, "typical_volume": 13114248.95, "trend": 9.969333, "fair_value": 15.955962, "relative_strength": -50.530666, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -38.8823, "energy": 29.988954, "activity_lines": [ 7.868, 8.101091, 7.909, 8.557333 ] }, { "date": "2024-09-20", "close": 8.12, "volume": 8473773, "typical_volume": 12361485.45, "trend": 9.690667, "fair_value": 15.7875, "relative_strength": -48.953374, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.879767, "energy": 26.45609, "activity_lines": [ 7.913333, 8.095091, 7.927619, 8.438022 ] }, { "date": "2024-09-27", "close": 8.22, "volume": 6739712, "typical_volume": 12175606.6, "trend": 9.433667, "fair_value": 15.635385, "relative_strength": -47.537169, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -33.538689, "energy": 21.931518, "activity_lines": [ 8.000667, 8.088909, 7.962857, 8.34314 ] }, { "date": "2024-10-04", "close": 7.72, "volume": 7064793, "typical_volume": 11988807.05, "trend": 9.185333, "fair_value": 15.482564, "relative_strength": -49.820042, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -38.148663, "energy": 19.470411, "activity_lines": [ 7.930667, 7.972909, 7.953381, 8.232581 ] }, { "date": "2024-10-11", "close": 7.56, "volume": 6862372, "typical_volume": 11787838.05, "trend": 8.964667, "fair_value": 15.319295, "relative_strength": -50.364389, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -50.482437, "energy": 24.272214, "activity_lines": [ 7.832667, 7.882364, 7.932333, 8.12772 ] }, { "date": "2024-10-18", "close": 7.67, "volume": 9552019, "typical_volume": 11705579.2, "trend": 8.755333, "fair_value": 15.152885, "relative_strength": -48.960341, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -47.429368, "energy": 24.313968, "activity_lines": [ 7.754, 7.832364, 7.922381, 8.044194 ] }, { "date": "2024-10-25", "close": 6.88, "volume": 23139627, "typical_volume": 11827191.6, "trend": 8.517333, "fair_value": 14.973205, "relative_strength": -52.696815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.108748, "energy": 48.334503, "activity_lines": [ 7.428, 7.643091, 7.836857, 7.923204 ] }, { "date": "2024-11-01", "close": 6.95, "volume": 13111513, "typical_volume": 11792430.1, "trend": 8.287667, "fair_value": 14.803526, "relative_strength": -50.410289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.820889, "energy": 62.16657, "activity_lines": [ 7.208, 7.491455, 7.759238, 7.822086 ] }, { "date": "2024-11-08", "close": 7.44, "volume": 11372492, "typical_volume": 11764788.85, "trend": 8.099, "fair_value": 14.625385, "relative_strength": -48.083238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.74404, "energy": 55.286903, "activity_lines": [ 7.236, 7.454545, 7.726857, 7.767398 ] }, { "date": "2024-11-15", "close": 6.93, "volume": 13257539, "typical_volume": 11738961.55, "trend": 7.931667, "fair_value": 14.461282, "relative_strength": -49.342505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.666923, "energy": 60.534822, "activity_lines": [ 7.112667, 7.336909, 7.641905, 7.691978 ] }, { "date": "2024-11-22", "close": 7.11, "volume": 13217945, "typical_volume": 12062365.5, "trend": 7.769667, "fair_value": 14.321218, "relative_strength": -47.507706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.590122, "energy": 44.186766, "activity_lines": [ 7.091333, 7.258727, 7.57519, 7.638968 ] }, { "date": "2024-11-29", "close": 7.95, "volume": 20577578, "typical_volume": 12527814.05, "trend": 7.714333, "fair_value": 14.203205, "relative_strength": -40.408573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.681947, "energy": 15.831898, "activity_lines": [ 7.387333, 7.347818, 7.588857, 7.650602 ] }, { "date": "2024-12-06", "close": 8.25, "volume": 9847039, "typical_volume": 12448614.0, "trend": 7.695, "fair_value": 14.090641, "relative_strength": -36.938918, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.037096, "energy": 7.591025, "activity_lines": [ 7.712, 7.494545, 7.627095, 7.685161 ] }, { "date": "2024-12-13", "close": 8.26, "volume": 15081988, "typical_volume": 11325078.7, "trend": 7.687333, "fair_value": 13.988397, "relative_strength": -34.807029, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.854107, "energy": 20.380488, "activity_lines": [ 7.953333, 7.642545, 7.66119, 7.721613 ] }, { "date": "2024-12-20", "close": 8.31, "volume": 12664308, "typical_volume": 10841016.8, "trend": 7.708, "fair_value": 13.880833, "relative_strength": -31.402918, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.699505, "energy": 36.433473, "activity_lines": [ 8.156667, 7.789818, 7.711762, 7.761785 ] }, { "date": "2024-12-27", "close": 8.39, "volume": 5804879, "typical_volume": 10591837.9, "trend": 7.734333, "fair_value": 13.777949, "relative_strength": -29.391252, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.275485, "energy": 48.443313, "activity_lines": [ 8.294667, 7.938, 7.771762, 7.805785 ] }, { "date": "2025-01-03", "close": 8.53, "volume": 5523041, "typical_volume": 10400091.75, "trend": 7.780667, "fair_value": 13.683782, "relative_strength": -25.968216, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.069575, "energy": 54.069362, "activity_lines": [ 8.394, 8.098545, 7.84281, 7.857118 ] }, { "date": "2025-01-10", "close": 8.32, "volume": 4662232, "typical_volume": 10303762.2, "trend": 7.836333, "fair_value": 13.595385, "relative_strength": -24.3232, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.344263, "energy": 46.541309, "activity_lines": [ 8.384667, 8.190909, 7.892524, 7.891914 ] }, { "date": "2025-01-17", "close": 8.51, "volume": 4962712, "typical_volume": 10235638.85, "trend": 7.9, "fair_value": 13.525897, "relative_strength": -23.040708, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.988195, "energy": 38.847925, "activity_lines": [ 8.434, 8.292909, 7.960524, 7.935376 ] }, { "date": "2025-01-24", "close": 8.65, "volume": 6555263, "typical_volume": 10283478.75, "trend": 7.949667, "fair_value": 13.460833, "relative_strength": -20.888267, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.280323, "energy": 41.353757, "activity_lines": [ 8.513333, 8.400909, 8.039905, 7.983763 ] }, { "date": "2025-01-31", "close": 7.71, "volume": 16194520, "typical_volume": 10733267.25, "trend": 7.967, "fair_value": 13.378654, "relative_strength": -26.84858, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.056332, "energy": 17.493798, "activity_lines": [ 8.256667, 8.306727, 8.023333, 7.968301 ] }, { "date": "2025-02-07", "close": 8.04, "volume": 14035413, "typical_volume": 11011349.25, "trend": 7.998, "fair_value": 13.30391, "relative_strength": -21.628288, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.101866, "energy": 6.061088, "activity_lines": [ 8.155333, 8.261636, 8.039143, 7.973011 ] }, { "date": "2025-02-14", "close": 8.85, "volume": 7874983, "typical_volume": 11068112.8, "trend": 8.053667, "fair_value": 13.233077, "relative_strength": -13.070454, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.486648, "energy": 12.978084, "activity_lines": [ 8.356667, 8.362182, 8.132476, 8.027978 ] }, { "date": "2025-02-21", "close": 8.03, "volume": 5285205, "typical_volume": 10979133.4, "trend": 7.964, "fair_value": 13.15641, "relative_strength": -18.00199, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.509043, "energy": 15.839387, "activity_lines": [ 8.249333, 8.302727, 8.144714, 8.026452 ] }, { "date": "2025-02-28", "close": 7.92, "volume": 8918215, "typical_volume": 11081925.55, "trend": 7.938333, "fair_value": 13.094487, "relative_strength": -16.55894, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.074979, "energy": 11.339335, "activity_lines": [ 8.137333, 8.227455, 8.145, 8.023613 ] }, { "date": "2025-03-07", "close": 7.14, "volume": 8237573, "typical_volume": 11016203.25, "trend": 7.912667, "fair_value": 13.0275, "relative_strength": -20.70899, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.318454, "energy": 15.337122, "activity_lines": [ 7.814, 8.017455, 8.069286, 7.972108 ] }, { "date": "2025-03-14", "close": 6.97, "volume": 9412472, "typical_volume": 10329845.5, "trend": 7.87, "fair_value": 12.94359, "relative_strength": -19.234513, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.407998, "energy": 37.357262, "activity_lines": [ 7.472, 7.799273, 7.979905, 7.91129 ] }, { "date": "2025-03-21", "close": 7.13, "volume": 7955024, "typical_volume": 10072021.05, "trend": 7.829, "fair_value": 12.85391, "relative_strength": -16.285178, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.743143, "energy": 47.02824, "activity_lines": [ 7.254667, 7.638545, 7.905333, 7.863548 ] }, { "date": "2025-03-28", "close": 6.8, "volume": 6613013, "typical_volume": 9834047.1, "trend": 7.785667, "fair_value": 12.748397, "relative_strength": -17.396379, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.940467, "energy": 54.998111, "activity_lines": [ 7.042, 7.439455, 7.798476, 7.797161 ] }, { "date": "2025-04-04", "close": 6.26, "volume": 9393786, "typical_volume": 9640859.45, "trend": 7.751, "fair_value": 12.652628, "relative_strength": -14.753334, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.650218, "energy": 74.285896, "activity_lines": [ 6.731333, 7.173273, 7.643238, 7.698731 ] }, { "date": "2025-04-11", "close": 6.79, "volume": 11741973, "typical_volume": 9567060.85, "trend": 7.713667, "fair_value": 12.553205, "relative_strength": -10.937334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.303597, "energy": 62.04186, "activity_lines": [ 6.708, 7.046909, 7.541667, 7.636731 ] }, { "date": "2025-04-18", "close": 7.31, "volume": 6506304, "typical_volume": 8863497.15, "trend": 7.686667, "fair_value": 12.465128, "relative_strength": -1.34278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.421193, "energy": 42.174961, "activity_lines": [ 6.881333, 7.031818, 7.491143, 7.610688 ] }, { "date": "2025-04-25", "close": 8.75, "volume": 14473792, "typical_volume": 9094834.8, "trend": 7.704333, "fair_value": 12.400641, "relative_strength": 14.136484, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.470683, "energy": 7.990971, "activity_lines": [ 7.512, 7.291818, 7.58081, 7.67929 ] }, { "date": "2025-05-02", "close": 8.51, "volume": 13089236, "typical_volume": 8995197.2, "trend": 7.730667, "fair_value": 12.346218, "relative_strength": 8.450661, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.221939, "energy": 24.562124, "activity_lines": [ 7.954667, 7.51, 7.645238, 7.731269 ] }, { "date": "2025-05-09", "close": 8.96, "volume": 8354945, "typical_volume": 8779729.05, "trend": 7.777333, "fair_value": 12.305, "relative_strength": 14.881172, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.07295, "energy": 40.458647, "activity_lines": [ 8.433333, 7.801273, 7.751333, 7.810581 ] }, { "date": "2025-05-16", "close": 9.0, "volume": 9995054, "typical_volume": 8989237.8, "trend": 7.821667, "fair_value": 12.262885, "relative_strength": 9.762084, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.126536, "energy": 63.039096, "activity_lines": [ 8.745333, 8.080909, 7.858143, 7.889462 ] }, { "date": "2025-05-23", "close": 8.47, "volume": 8478193, "typical_volume": 9136995.4, "trend": 7.874667, "fair_value": 12.208974, "relative_strength": 6.002284, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.931824, "energy": 64.700537, "activity_lines": [ 8.733333, 8.230364, 7.911571, 7.93129 ] }, { "date": "2025-05-30", "close": 8.85, "volume": 6638576, "typical_volume": 9235812.6, "trend": 7.938, "fair_value": 12.157179, "relative_strength": 8.762291, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.635729, "energy": 65.644758, "activity_lines": [ 8.770667, 8.421636, 8.001476, 7.994215 ] }, { "date": "2025-06-06", "close": 8.93, "volume": 9935061, "typical_volume": 9484430.05, "trend": 7.987667, "fair_value": 12.114038, "relative_strength": 7.754731, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.211743, "energy": 55.050392, "activity_lines": [ 8.828, 8.596182, 8.096476, 8.058215 ] }, { "date": "2025-06-13", "close": 8.3, "volume": 6107596, "typical_volume": 9462046.7, "trend": 8.033333, "fair_value": 12.0625, "relative_strength": 0.303217, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.083925, "energy": 33.90297, "activity_lines": [ 8.647333, 8.617455, 8.129476, 8.078366 ] }, { "date": "2025-06-20", "close": 8.29, "volume": 4974208, "typical_volume": 8901031.1, "trend": 8.072667, "fair_value": 12.014872, "relative_strength": 0.111149, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.859141, "energy": 25.452482, "activity_lines": [ 8.507333, 8.599818, 8.16319, 8.094925 ] }, { "date": "2025-06-27", "close": 8.75, "volume": 6857246, "typical_volume": 8542122.75, "trend": 8.099333, "fair_value": 11.9775, "relative_strength": 1.993042, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.458612, "energy": 24.878508, "activity_lines": [ 8.568, 8.638545, 8.237952, 8.138624 ] }, { "date": "2025-07-04", "close": 8.57, "volume": 4992488, "typical_volume": 8397998.0, "trend": 8.11, "fair_value": 11.93, "relative_strength": -1.849725, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.742303, "energy": 19.245948, "activity_lines": [ 8.55, 8.618364, 8.29219, 8.168989 ] }, { "date": "2025-07-11", "close": 8.09, "volume": 11401005, "typical_volume": 8703788.0, "trend": 8.104333, "fair_value": 11.881026, "relative_strength": -7.10664, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.396728, "energy": 15.785495, "activity_lines": [ 8.390667, 8.514182, 8.302048, 8.167699 ] }, { "date": "2025-07-18", "close": 8.74, "volume": 8825516, "typical_volume": 8699153.05, "trend": 8.118667, "fair_value": 11.829487, "relative_strength": -0.370311, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.249798, "energy": 20.82928, "activity_lines": [ 8.504, 8.535818, 8.373524, 8.20871 ] }, { "date": "2025-07-25", "close": 12.37, "volume": 38711081, "typical_volume": 10222828.45, "trend": 8.251333, "fair_value": 11.819744, "relative_strength": 39.001161, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.761535, "energy": 81.182728, "activity_lines": [ 9.798, 9.221455, 8.78681, 8.482989 ] }, { "date": "2025-08-01", "close": 12.17, "volume": 35906261, "typical_volume": 11547517.9, "trend": 8.372667, "fair_value": 11.812051, "relative_strength": 39.547882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.93568, "energy": 92.070792, "activity_lines": [ 10.753333, 9.809455, 9.156143, 8.735806 ] }, { "date": "2025-08-08", "close": 12.13, "volume": 16664091, "typical_volume": 11982971.25, "trend": 8.499667, "fair_value": 11.800128, "relative_strength": 34.972125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.88407, "energy": 92.184052, "activity_lines": [ 11.467333, 10.322909, 9.496905, 8.978215 ] }, { "date": "2025-08-15", "close": 11.91, "volume": 13875733, "typical_volume": 12346107.25, "trend": 8.613, "fair_value": 11.798333, "relative_strength": 30.621892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.785921, "energy": 88.294412, "activity_lines": [ 11.870667, 10.736727, 9.792905, 9.198237 ] }, { "date": "2025-08-22", "close": 11.38, "volume": 12092187, "typical_volume": 12481027.3, "trend": 8.704, "fair_value": 11.795192, "relative_strength": 24.013588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.55361, "energy": 86.281466, "activity_lines": [ 11.842667, 11.0, 10.014095, 9.376753 ] }, { "date": "2025-08-29", "close": 11.5, "volume": 10776424, "typical_volume": 12432749.85, "trend": 8.830333, "fair_value": 11.796667, "relative_strength": 24.818193, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.883696, "energy": 61.736761, "activity_lines": [ 11.678667, 11.229091, 10.222333, 9.55714 ] }, { "date": "2025-09-05", "close": 11.26, "volume": 7921947, "typical_volume": 12503532.0, "trend": 8.937667, "fair_value": 11.788718, "relative_strength": 21.192836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.061562, "energy": 53.128388, "activity_lines": [ 11.492667, 11.356182, 10.385286, 9.713892 ] }, { "date": "2025-09-12", "close": 10.97, "volume": 14319802, "typical_volume": 12495832.5, "trend": 9.008333, "fair_value": 11.784936, "relative_strength": 15.86665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.341326, "energy": 37.756452, "activity_lines": [ 11.270667, 11.384909, 10.50181, 9.845011 ] }, { "date": "2025-09-19", "close": 11.65, "volume": 12070820, "typical_volume": 12444911.7, "trend": 9.129, "fair_value": 11.79391, "relative_strength": 21.049216, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.779321, "energy": 36.879934, "activity_lines": [ 11.352667, 11.493636, 10.672524, 10.015441 ] }, { "date": "2025-09-26", "close": 11.72, "volume": 10473928, "typical_volume": 12550860.85, "trend": 9.255667, "fair_value": 11.799936, "relative_strength": 21.614333, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.836668, "energy": 36.363034, "activity_lines": [ 11.475333, 11.550364, 10.834952, 10.182602 ] }, { "date": "2025-10-03", "close": 10.25, "volume": 12048741, "typical_volume": 12653545.2, "trend": 9.359333, "fair_value": 11.793013, "relative_strength": 4.953268, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.227994, "energy": 24.098659, "activity_lines": [ 11.085333, 11.285636, 10.844238, 10.246753 ] }, { "date": "2025-10-10", "close": 9.96, "volume": 19350820, "typical_volume": 13197176.55, "trend": 9.459, "fair_value": 11.783141, "relative_strength": 4.230679, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.687285, "energy": 15.153162, "activity_lines": [ 10.682, 11.006727, 10.819952, 10.285505 ] }, { "date": "2025-10-17", "close": 10.03, "volume": 10799704, "typical_volume": 13405232.95, "trend": 9.555667, "fair_value": 11.773269, "relative_strength": 2.921126, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.403975, "energy": 13.776124, "activity_lines": [ 10.388667, 10.780727, 10.795238, 10.322344 ] }, { "date": "2025-10-24", "close": 9.2, "volume": 21113824, "typical_volume": 13964171.1, "trend": 9.635667, "fair_value": 11.747436, "relative_strength": -7.577253, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.584998, "energy": 25.362161, "activity_lines": [ 9.881333, 10.442, 10.685857, 10.299398 ] }, { "date": "2025-10-31", "close": 8.42, "volume": 16842105, "typical_volume": 14500896.55, "trend": 9.707667, "fair_value": 11.72, "relative_strength": -16.012562, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.822662, "energy": 54.486392, "activity_lines": [ 9.277333, 10.010727, 10.500905, 10.220968 ] }, { "date": "2025-11-07", "close": 8.25, "volume": 13009377, "typical_volume": 14902655.0, "trend": 9.756333, "fair_value": 11.684103, "relative_strength": -16.316104, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.140499, "energy": 66.265851, "activity_lines": [ 8.836667, 9.602364, 10.29919, 10.126925 ] }, { "date": "2025-11-14", "close": 8.48, "volume": 10876276, "typical_volume": 15103606.5, "trend": 9.795333, "fair_value": 11.648462, "relative_strength": -14.178569, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.608504, "energy": 65.612798, "activity_lines": [ 8.606, 9.294909, 10.119571, 10.044581 ] }, { "date": "2025-11-21", "close": 8.11, "volume": 15021890, "typical_volume": 15605076.6, "trend": 9.774, "fair_value": 11.612244, "relative_strength": -16.340839, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.868712, "energy": 70.228928, "activity_lines": [ 8.350667, 8.970727, 9.906, 9.935849 ] }, { "date": "2025-11-28", "close": 7.95, "volume": 10716989, "typical_volume": 15570875.8, "trend": 9.755333, "fair_value": 11.574103, "relative_strength": -20.736307, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.328436, "energy": 67.514554, "activity_lines": [ 8.17, 8.669455, 9.679381, 9.818172 ] }, { "date": "2025-12-05", "close": 8.44, "volume": 10003482, "typical_volume": 15629774.1, "trend": 9.738, "fair_value": 11.548141, "relative_strength": -15.975814, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.213835, "energy": 59.219249, "activity_lines": [ 8.236, 8.524545, 9.500095, 9.733312 ] }, { "date": "2025-12-12", "close": 8.08, "volume": 12004935, "typical_volume": 14294466.8, "trend": 9.707333, "fair_value": 11.518526, "relative_strength": -18.884757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.174343, "energy": 62.987, "activity_lines": [ 8.180667, 8.373818, 9.287952, 9.626344 ] }, { "date": "2025-12-19", "close": 7.57, "volume": 44423165, "typical_volume": 14720312.0, "trend": 9.677333, "fair_value": 11.489808, "relative_strength": -23.786342, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.987547, "energy": 61.122627, "activity_lines": [ 7.966667, 8.169818, 9.047667, 9.488452 ] }, { "date": "2025-12-26", "close": 7.43, "volume": 13405816, "typical_volume": 14557398.25, "trend": 9.63, "fair_value": 11.461603, "relative_strength": -25.907181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.575492, "energy": 59.911198, "activity_lines": [ 7.766667, 7.983818, 8.815952, 9.343462 ] }, { "date": "2026-01-02", "close": 7.08, "volume": 10329416, "typical_volume": 14380082.4, "trend": 9.568333, "fair_value": 11.426346, "relative_strength": -28.259202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.988026, "energy": 83.565718, "activity_lines": [ 7.495333, 7.781455, 8.573286, 9.178946 ] }, { "date": "2026-01-09", "close": 7.29, "volume": 15249258, "typical_volume": 14537935.95, "trend": 9.534667, "fair_value": 11.387821, "relative_strength": -26.902388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.480171, "energy": 82.7096, "activity_lines": [ 7.352, 7.655818, 8.373619, 9.031957 ] }, { "date": "2026-01-16", "close": 6.29, "volume": 20499276, "typical_volume": 15024078.55, "trend": 9.468, "fair_value": 11.341538, "relative_strength": -36.256431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.840039, "energy": 90.063149, "activity_lines": [ 6.952, 7.368909, 8.09819, 8.822624 ] }, { "date": "2026-01-23", "close": 6.5, "volume": 13971086, "typical_volume": 15326535.5, "trend": 9.393, "fair_value": 11.283269, "relative_strength": -33.450778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.025668, "energy": 89.271959, "activity_lines": [ 6.741333, 7.155818, 7.867571, 8.63114 ] }, { "date": "2026-01-30", "close": 6.06, "volume": 23464093, "typical_volume": 15783750.05, "trend": 9.309333, "fair_value": 11.218462, "relative_strength": -37.846783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.883306, "energy": 91.663631, "activity_lines": [ 6.455333, 6.898727, 7.617714, 8.416108 ] }, { "date": "2026-02-06", "close": 5.91, "volume": 43031477, "typical_volume": 17331782.9, "trend": 9.236667, "fair_value": 11.170385, "relative_strength": -38.850957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.044931, "energy": 90.521905, "activity_lines": [ 6.210667, 6.651636, 7.376952, 8.196796 ] }, { "date": "2026-02-13", "close": 5.92, "volume": 34555182, "typical_volume": 18535845.6, "trend": 9.142667, "fair_value": 11.124295, "relative_strength": -37.434555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.620047, "energy": 85.407, "activity_lines": [ 6.047333, 6.443455, 7.164476, 7.982817 ] }, { "date": "2026-02-20", "close": 6.03, "volume": 23156551, "typical_volume": 19091236.1, "trend": 8.931333, "fair_value": 11.085128, "relative_strength": -36.560439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.421388, "energy": 66.432373, "activity_lines": [ 6.012, 6.301091, 6.990095, 7.782 ] }, { "date": "2026-02-27", "close": 6.41, "volume": 32299427, "typical_volume": 19738666.45, "trend": 8.739333, "fair_value": 11.051795, "relative_strength": -31.830641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.315231, "energy": 61.254126, "activity_lines": [ 6.120667, 6.265091, 6.872, 7.619333 ] }, { "date": "2026-03-06", "close": 6.16, "volume": 27855568, "typical_volume": 20591459.65, "trend": 8.540333, "fair_value": 11.018654, "relative_strength": -32.84475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.13712, "energy": 54.49994, "activity_lines": [ 6.152, 6.204727, 6.747, 7.452925 ] }, { "date": "2026-03-13", "close": 6.04, "volume": 18484754, "typical_volume": 20460006.15, "trend": 8.344667, "fair_value": 10.985577, "relative_strength": -32.82695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.839124, "energy": 50.706666, "activity_lines": [ 6.136667, 6.145636, 6.629, 7.291613 ] }, { "date": "2026-03-20", "close": 5.84, "volume": 20312900, "typical_volume": 20633545.9, "trend": 8.16, "fair_value": 10.953333, "relative_strength": -33.505221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.386554, "energy": 52.946362, "activity_lines": [ 6.046, 6.069091, 6.507, 7.130022 ] }, { "date": "2026-03-27", "close": 5.51, "volume": 18308792, "typical_volume": 20898516.65, "trend": 7.960333, "fair_value": 10.914808, "relative_strength": -35.49207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.31187, "energy": 58.230104, "activity_lines": [ 5.850667, 5.958909, 6.365857, 6.959054 ] }, { "date": "2026-04-03", "close": 5.91, "volume": 10949444, "typical_volume": 20902175.05, "trend": 7.782, "fair_value": 10.881218, "relative_strength": -32.764846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.469767, "energy": 52.201332, "activity_lines": [ 5.823333, 5.935636, 6.275857, 6.826774 ] }, { "date": "2026-04-10", "close": 5.36, "volume": 27783464, "typical_volume": 21540253.75, "trend": 7.595, "fair_value": 10.843974, "relative_strength": -40.719522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.973183, "energy": 56.45226, "activity_lines": [ 5.646, 5.823091, 6.145714, 6.670516 ] }, { "date": "2026-04-17", "close": 6.36, "volume": 22114207, "typical_volume": 22110114.65, "trend": 7.418667, "fair_value": 10.8175, "relative_strength": -32.199922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.853096, "energy": 43.132225, "activity_lines": [ 5.855333, 5.905091, 6.123905, 6.590839 ] }, { "date": "2026-04-24", "close": 5.28, "volume": 39652252, "typical_volume": 23592553.15, "trend": 7.204, "fair_value": 10.771603, "relative_strength": -43.296411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.709923, "energy": 44.369662, "activity_lines": [ 5.683333, 5.782545, 6.00681, 6.45286 ] }, { "date": "2026-05-01", "close": 6.15, "volume": 33350981, "typical_volume": 24659855.45, "trend": 7.067333, "fair_value": 10.740769, "relative_strength": -33.919905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.78297, "energy": 28.220431, "activity_lines": [ 5.838667, 5.829818, 5.987619, 6.38486 ] }, { "date": "2026-05-08", "close": 5.78, "volume": 23218877, "typical_volume": 23599641.05, "trend": 6.928, "fair_value": 10.703526, "relative_strength": -38.572089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.089492, "energy": 23.337786, "activity_lines": [ 5.828, 5.807636, 5.942381, 6.301806 ] }, { "date": "2026-05-15", "close": 5.28, "volume": 42283361, "typical_volume": 25043518.3, "trend": 6.769667, "fair_value": 10.660449, "relative_strength": -43.304701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.805671, "energy": 37.651565, "activity_lines": [ 5.659333, 5.706, 5.858048, 6.195484 ] }, { "date": "2026-05-22", "close": 5.32, "volume": 37593267, "typical_volume": 26406710.85, "trend": 6.640333, "fair_value": 10.614808, "relative_strength": -42.701039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.045863, "energy": 34.588206, "activity_lines": [ 5.509333, 5.627636, 5.787762, 6.101957 ] }, { "date": "2026-05-29", "close": 5.39, "volume": 31494927, "typical_volume": 27218994.3, "trend": 6.539333, "fair_value": 10.564872, "relative_strength": -42.057475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.545544, "energy": 39.45919, "activity_lines": [ 5.452, 5.575091, 5.732524, 6.02129 ] }, { "date": "2026-06-05", "close": 5.47, "volume": 35066710, "typical_volume": 27947366.0, "trend": 6.446667, "fair_value": 10.516795, "relative_strength": -38.957068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.037864, "energy": 39.392534, "activity_lines": [ 5.414, 5.545273, 5.693952, 5.952301 ] }, { "date": "2026-06-12", "close": 5.34, "volume": 31399438, "typical_volume": 28818783.6, "trend": 6.342, "fair_value": 10.467308, "relative_strength": -40.094475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.421975, "energy": 34.633338, "activity_lines": [ 5.378, 5.492545, 5.646905, 5.880903 ] }, { "date": "2026-06-19", "close": 5.35, "volume": 30704880, "typical_volume": 29180822.95, "trend": 6.25, "fair_value": 10.420449, "relative_strength": -39.868907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.747859, "energy": 31.622909, "activity_lines": [ 5.374667, 5.452, 5.606333, 5.816903 ] }, { "date": "2026-06-26", "close": 5.74, "volume": 59201858, "typical_volume": 29989342.0, "trend": 6.176333, "fair_value": 10.373782, "relative_strength": -33.21258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.721433, "energy": 20.794072, "activity_lines": [ 5.496667, 5.482545, 5.606286, 5.784 ] }, { "date": "2026-07-03", "close": 5.9, "volume": 25184200, "typical_volume": 29520792.9, "trend": 6.091667, "fair_value": 10.328846, "relative_strength": -32.149555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.886149, "energy": 12.265262, "activity_lines": [ 5.644, 5.553455, 5.622286, 5.766172 ] }, { "date": "2026-07-10", "close": 5.71, "volume": 26380292, "typical_volume": 29681979.95, "trend": 6.012667, "fair_value": 10.28, "relative_strength": -34.621211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.268552, "energy": 14.133979, "activity_lines": [ 5.694, 5.578545, 5.620286, 5.741548 ] }, { "date": "2026-07-17", "close": 5.56, "volume": 26926707, "typical_volume": 29413343.95, "trend": 5.945667, "fair_value": 10.230577, "relative_strength": -34.622741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.522822, "energy": 15.495448, "activity_lines": [ 5.678, 5.584364, 5.605524, 5.712344 ] }, { "date": "2026-07-24", "close": 5.37, "volume": 25900695, "typical_volume": 29315600.3, "trend": 5.877, "fair_value": 10.166859, "relative_strength": -35.136416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.625378, "energy": 15.543708, "activity_lines": [ 5.584, 5.559636, 5.576714, 5.675204 ] }, { "date": "2026-07-31", "close": 5.31, "volume": 59387811, "typical_volume": 31360753.15, "trend": 5.818, "fair_value": 10.099167, "relative_strength": -35.144742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.106168, "energy": 25.645149, "activity_lines": [ 5.468667, 5.522364, 5.545952, 5.638624 ] }, { "date": "2026-08-07", "close": 5.81, "volume": 35090479, "typical_volume": 32099632.1, "trend": 5.768667, "fair_value": 10.035577, "relative_strength": -30.003863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.7358, "energy": 13.520109, "activity_lines": [ 5.548667, 5.576182, 5.566286, 5.638108 ] } ], "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." } } }