{ "ticker": { "uuid": "068a4149-9cc4-45f1-bcb3-bd8fc5c97c86", "symbol": "TQ5", "name": "Frasers Property Limited", "exchange": "SES", "country": "SG", "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": "^STI", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 77.581, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -32.293, "architecture_energy": 51.88, "architecture_maturity": 5.863, "architecture_confidence": 61.495, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 36.44, "rotation_up": 17.1, "upward_expansion": 19.47, "deceleration": 43.65, "rotation_down": 66.13, "downward_expansion": 61.14 }, "activity_lines": [ 1.048667, 1.061091, 1.080024, 1.074337 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 1.05, "trend_reference": 1.075038, "distance_from_trend": -0.02329, "trend_direction": "Improving", "fair_value": 0.868026, "distance_from_fair_value": 0.209641, "fair_value_direction": "Weakening", "relative_strength": -15.942324, "relative_strength_direction": "Weakening", "price_momentum": -0.027778, "excess_performance": -0.182613, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.02329, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.007143, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.209641, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.112046, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.159423, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.18449, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.027778, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.613528, "read": "Demand-led" } ], "volume": { "latest": 622100, "relative_activity": 0.399812, "balance": 2.613528, "dry_up": 0.496664, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.035165, "annualized_volatility": 0.209565, "from_high_reference": -0.125, "from_low_reference": 0.160542 }, "levels": { "trend_reference": 1.075038, "fair_value_reference": 0.868026, "structural_low": 0.95, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.031182, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.000125, "regime_survival": 0.5, "best_return": 0.097436, "worst_return": -0.079754, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.030676, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.01102, "regime_survival": 0.0, "best_return": 0.117949, "worst_return": 0.018867, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.206757, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.092754, "regime_survival": 0.0, "best_return": 0.312884, "worst_return": 0.100629, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.070096, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.095655, "regime_survival": 0.0, "best_return": 0.070096, "worst_return": 0.070096, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.023529, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.079754, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.070968, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": 0.041666, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.067416, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-11-07", "tenure": "Established", "return": 0.074468, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": 0.047619, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-02-20", "tenure": "Developing", "return": 0.002184, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.070755, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.097436, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": -0.034188, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": -0.026549, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-07-24", "tenure": "Developing", "return": -0.045872, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.009615, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.715871, "volume": 387700, "typical_volume": 348800.0, "trend": 0.76185, "fair_value": 0.896844, "relative_strength": -6.43688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.222326, "energy": 66.555453, "activity_lines": [ 0.728966, 0.735474, 0.744472, 0.751364 ] }, { "date": "2023-08-25", "close": 0.659125, "volume": 1809300, "typical_volume": 425845.0, "trend": 0.757048, "fair_value": 0.894918, "relative_strength": -13.827707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.779263, "energy": 90.65744, "activity_lines": [ 0.704813, 0.720553, 0.735576, 0.744737 ] }, { "date": "2023-09-01", "close": 0.67222, "volume": 388300, "typical_volume": 436495.0, "trend": 0.752974, "fair_value": 0.893076, "relative_strength": -12.814357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.805947, "energy": 93.760805, "activity_lines": [ 0.689971, 0.709839, 0.728467, 0.739264 ] }, { "date": "2023-09-08", "close": 0.667855, "volume": 330800, "typical_volume": 436865.0, "trend": 0.7489, "fair_value": 0.891258, "relative_strength": -12.22118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.314958, "energy": 92.249737, "activity_lines": [ 0.67804, 0.699839, 0.721421, 0.733772 ] }, { "date": "2023-09-15", "close": 0.737696, "volume": 1911900, "typical_volume": 521915.0, "trend": 0.747299, "fair_value": 0.889731, "relative_strength": -4.897774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.735486, "energy": 64.471666, "activity_lines": [ 0.694045, 0.703966, 0.721545, 0.73305 ] }, { "date": "2023-09-22", "close": 0.715871, "volume": 1000900, "typical_volume": 565520.0, "trend": 0.744971, "fair_value": 0.888116, "relative_strength": -5.189539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.130896, "energy": 42.112867, "activity_lines": [ 0.702485, 0.704284, 0.719716, 0.731022 ] }, { "date": "2023-09-29", "close": 0.728966, "volume": 307000, "typical_volume": 563470.0, "trend": 0.74308, "fair_value": 0.886637, "relative_strength": -3.533957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.965898, "energy": 21.665612, "activity_lines": [ 0.715289, 0.707537, 0.719363, 0.729989 ] }, { "date": "2023-10-06", "close": 0.711506, "volume": 642900, "typical_volume": 562625.0, "trend": 0.741043, "fair_value": 0.884994, "relative_strength": -4.251405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.805228, "energy": 26.846613, "activity_lines": [ 0.717617, 0.707696, 0.717554, 0.727952 ] }, { "date": "2023-10-13", "close": 0.707141, "volume": 361200, "typical_volume": 558530.0, "trend": 0.739006, "fair_value": 0.883429, "relative_strength": -4.893617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.725043, "energy": 20.778136, "activity_lines": [ 0.715871, 0.707538, 0.715559, 0.725765 ] }, { "date": "2023-10-20", "close": 0.689681, "volume": 213600, "typical_volume": 556885.0, "trend": 0.736823, "fair_value": 0.881856, "relative_strength": -3.710835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.334862, "energy": 26.188197, "activity_lines": [ 0.705686, 0.70476, 0.712171, 0.722583 ] }, { "date": "2023-10-27", "close": 0.676585, "volume": 412600, "typical_volume": 549040.0, "trend": 0.733913, "fair_value": 0.880463, "relative_strength": -4.896939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.134014, "energy": 43.444124, "activity_lines": [ 0.694337, 0.700395, 0.707806, 0.718696 ] }, { "date": "2023-11-03", "close": 0.694046, "volume": 770700, "typical_volume": 574415.0, "trend": 0.731294, "fair_value": 0.879181, "relative_strength": -4.891724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.988124, "energy": 41.249982, "activity_lines": [ 0.691427, 0.699919, 0.705436, 0.716124 ] }, { "date": "2023-11-10", "close": 0.667855, "volume": 381000, "typical_volume": 585265.0, "trend": 0.727802, "fair_value": 0.877258, "relative_strength": -7.263328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.11905, "energy": 55.435772, "activity_lines": [ 0.682114, 0.694046, 0.700884, 0.712032 ] }, { "date": "2023-11-17", "close": 0.715871, "volume": 832300, "typical_volume": 620120.0, "trend": 0.725765, "fair_value": 0.875433, "relative_strength": -1.056317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.896415, "energy": 30.226913, "activity_lines": [ 0.691718, 0.696982, 0.701321, 0.711262 ] }, { "date": "2023-11-24", "close": 0.715871, "volume": 766900, "typical_volume": 646850.0, "trend": 0.724165, "fair_value": 0.87324, "relative_strength": 0.010442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.910582, "energy": 15.324755, "activity_lines": [ 0.700739, 0.699046, 0.701903, 0.710623 ] }, { "date": "2023-12-01", "close": 0.733331, "volume": 801400, "typical_volume": 659510.0, "trend": 0.723146, "fair_value": 0.871369, "relative_strength": 2.642552, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.16874, "energy": 7.420612, "activity_lines": [ 0.713834, 0.704681, 0.704293, 0.711215 ] }, { "date": "2023-12-08", "close": 0.742061, "volume": 524700, "typical_volume": 664040.0, "trend": 0.722127, "fair_value": 0.869554, "relative_strength": 3.235523, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.800864, "energy": 28.475899, "activity_lines": [ 0.726056, 0.711585, 0.707577, 0.712435 ] }, { "date": "2023-12-15", "close": 0.750791, "volume": 770900, "typical_volume": 677000.0, "trend": 0.721836, "fair_value": 0.86769, "relative_strength": 4.213479, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.268306, "energy": 51.468019, "activity_lines": [ 0.737987, 0.719839, 0.711651, 0.714284 ] }, { "date": "2023-12-22", "close": 0.750791, "volume": 418700, "typical_volume": 676490.0, "trend": 0.7214, "fair_value": 0.866088, "relative_strength": 3.430651, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.321886, "energy": 58.503522, "activity_lines": [ 0.744389, 0.727379, 0.715663, 0.716152 ] }, { "date": "2023-12-29", "close": 0.772617, "volume": 791400, "typical_volume": 691210.0, "trend": 0.722273, "fair_value": 0.864574, "relative_strength": 3.182248, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.870542, "energy": 69.003958, "activity_lines": [ 0.755738, 0.738093, 0.721691, 0.719457 ] }, { "date": "2024-01-05", "close": 0.794442, "volume": 945500, "typical_volume": 719100.0, "trend": 0.723873, "fair_value": 0.863148, "relative_strength": 7.898239, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 85.266387, "energy": 85.799467, "activity_lines": [ 0.77058, 0.751267, 0.72961, 0.724113 ] }, { "date": "2024-01-12", "close": 0.864283, "volume": 3233700, "typical_volume": 790320.0, "trend": 0.727365, "fair_value": 0.861906, "relative_strength": 16.773261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.785048, "energy": 96.036715, "activity_lines": [ 0.804627, 0.774998, 0.743807, 0.733172 ] }, { "date": "2024-01-19", "close": 0.816267, "volume": 2278300, "typical_volume": 884820.0, "trend": 0.729403, "fair_value": 0.860461, "relative_strength": 11.489001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.997597, "energy": 87.027042, "activity_lines": [ 0.814521, 0.786902, 0.752454, 0.738907 ] }, { "date": "2024-01-26", "close": 0.829363, "volume": 1183200, "typical_volume": 927440.0, "trend": 0.732167, "fair_value": 0.859233, "relative_strength": 12.776604, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.341914, "energy": 88.19901, "activity_lines": [ 0.824416, 0.79849, 0.761662, 0.745356 ] }, { "date": "2024-02-02", "close": 0.80187, "volume": 652400, "typical_volume": 864465.0, "trend": 0.734015, "fair_value": 0.857882, "relative_strength": 8.188217, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.800996, "energy": 75.318459, "activity_lines": [ 0.819907, 0.803015, 0.767483, 0.749853 ] }, { "date": "2024-02-09", "close": 0.797288, "volume": 362100, "typical_volume": 832525.0, "trend": 0.735711, "fair_value": 0.856342, "relative_strength": 8.821261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.90495, "energy": 51.837367, "activity_lines": [ 0.811922, 0.805143, 0.772562, 0.753935 ] }, { "date": "2024-02-16", "close": 0.792706, "volume": 403800, "typical_volume": 837365.0, "trend": 0.73769, "fair_value": 0.855145, "relative_strength": 5.30069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.221308, "energy": 39.326761, "activity_lines": [ 0.802219, 0.805276, 0.776817, 0.757612 ] }, { "date": "2024-02-23", "close": 0.760631, "volume": 642100, "typical_volume": 837325.0, "trend": 0.738454, "fair_value": 0.853848, "relative_strength": 2.219376, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.776874, "energy": 25.092447, "activity_lines": [ 0.786596, 0.798656, 0.777713, 0.759092 ] }, { "date": "2024-03-01", "close": 0.756049, "volume": 366800, "typical_volume": 837605.0, "trend": 0.739066, "fair_value": 0.852363, "relative_strength": 3.213112, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.578648, "energy": 24.761244, "activity_lines": [ 0.773156, 0.791023, 0.777939, 0.760228 ] }, { "date": "2024-03-08", "close": 0.765213, "volume": 192000, "typical_volume": 836525.0, "trend": 0.740129, "fair_value": 0.85099, "relative_strength": 4.088132, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.820724, "energy": 23.9791, "activity_lines": [ 0.767657, 0.784962, 0.778805, 0.761914 ] }, { "date": "2024-03-15", "close": 0.760631, "volume": 301200, "typical_volume": 830955.0, "trend": 0.741621, "fair_value": 0.84964, "relative_strength": 2.634954, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.128835, "energy": 17.860512, "activity_lines": [ 0.763075, 0.778202, 0.778875, 0.763237 ] }, { "date": "2024-03-22", "close": 0.778959, "volume": 394300, "typical_volume": 812135.0, "trend": 0.745615, "fair_value": 0.848302, "relative_strength": 3.57811, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.296265, "energy": 14.050165, "activity_lines": [ 0.767046, 0.775389, 0.780291, 0.765646 ] }, { "date": "2024-03-29", "close": 0.778959, "volume": 254300, "typical_volume": 805800.0, "trend": 0.749173, "fair_value": 0.846857, "relative_strength": 3.322748, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.881468, "energy": 9.558308, "activity_lines": [ 0.771933, 0.774127, 0.781301, 0.767797 ] }, { "date": "2024-04-05", "close": 0.774377, "volume": 213900, "typical_volume": 774880.0, "trend": 0.752724, "fair_value": 0.845276, "relative_strength": 2.843293, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.763179, "energy": 12.088714, "activity_lines": [ 0.774072, 0.772711, 0.781347, 0.769423 ] }, { "date": "2024-04-12", "close": 0.751467, "volume": 366600, "typical_volume": 754865.0, "trend": 0.753183, "fair_value": 0.843442, "relative_strength": -0.154668, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.626214, "energy": 3.44347, "activity_lines": [ 0.767351, 0.768129, 0.778932, 0.769342 ] }, { "date": "2024-04-19", "close": 0.723974, "volume": 521300, "typical_volume": 740860.0, "trend": 0.753453, "fair_value": 0.841485, "relative_strength": -2.536212, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.250478, "energy": 37.302535, "activity_lines": [ 0.752383, 0.759465, 0.773729, 0.767458 ] }, { "date": "2024-04-26", "close": 0.728556, "volume": 603000, "typical_volume": 744775.0, "trend": 0.753439, "fair_value": 0.839558, "relative_strength": -4.927335, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.618129, "energy": 47.848528, "activity_lines": [ 0.741386, 0.752966, 0.769007, 0.765852 ] }, { "date": "2024-05-03", "close": 0.733138, "volume": 335100, "typical_volume": 722985.0, "trend": 0.75416, "fair_value": 0.837872, "relative_strength": -4.614176, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.896517, "energy": 52.741403, "activity_lines": [ 0.735276, 0.748467, 0.764786, 0.764542 ] }, { "date": "2024-05-10", "close": 0.733138, "volume": 442700, "typical_volume": 724185.0, "trend": 0.755027, "fair_value": 0.8364, "relative_strength": -4.407703, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.939712, "energy": 57.660761, "activity_lines": [ 0.732222, 0.744468, 0.760648, 0.763186 ] }, { "date": "2024-05-17", "close": 0.728556, "volume": 812200, "typical_volume": 725225.0, "trend": 0.756323, "fair_value": 0.834845, "relative_strength": -5.523501, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.13396, "energy": 53.704372, "activity_lines": [ 0.730389, 0.740053, 0.756159, 0.761478 ] }, { "date": "2024-05-24", "close": 0.733138, "volume": 263400, "typical_volume": 691120.0, "trend": 0.758208, "fair_value": 0.833266, "relative_strength": -4.883131, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.57056, "energy": 42.355271, "activity_lines": [ 0.731611, 0.737137, 0.752315, 0.759982 ] }, { "date": "2024-05-31", "close": 0.728556, "volume": 470800, "typical_volume": 552975.0, "trend": 0.759358, "fair_value": 0.831711, "relative_strength": -5.909655, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.844971, "energy": 45.562998, "activity_lines": [ 0.730694, 0.733888, 0.748328, 0.758069 ] }, { "date": "2024-06-07", "close": 0.73772, "volume": 290200, "typical_volume": 453570.0, "trend": 0.761687, "fair_value": 0.830108, "relative_strength": -4.458929, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.040092, "energy": 37.398229, "activity_lines": [ 0.732833, 0.733221, 0.745859, 0.756673 ] }, { "date": "2024-06-14", "close": 0.733138, "volume": 502800, "typical_volume": 419550.0, "trend": 0.762263, "fair_value": 0.828635, "relative_strength": -4.011003, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.272761, "energy": 31.068223, "activity_lines": [ 0.733138, 0.732472, 0.743328, 0.754831 ] }, { "date": "2024-06-21", "close": 0.719392, "volume": 350600, "typical_volume": 404460.0, "trend": 0.76238, "fair_value": 0.827128, "relative_strength": -5.903569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.783218, "energy": 41.362264, "activity_lines": [ 0.728861, 0.729972, 0.739946, 0.752065 ] }, { "date": "2024-06-28", "close": 0.723974, "volume": 427700, "typical_volume": 407740.0, "trend": 0.762068, "fair_value": 0.825703, "relative_strength": -5.943125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.735151, "energy": 38.775444, "activity_lines": [ 0.726723, 0.728889, 0.737393, 0.749587 ] }, { "date": "2024-07-05", "close": 0.723974, "volume": 299100, "typical_volume": 402505.0, "trend": 0.761465, "fair_value": 0.824278, "relative_strength": -7.898803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.649418, "energy": 40.660025, "activity_lines": [ 0.725196, 0.727806, 0.735189, 0.74713 ] }, { "date": "2024-07-12", "close": 0.733138, "volume": 810500, "typical_volume": 410925.0, "trend": 0.760877, "fair_value": 0.822912, "relative_strength": -8.89872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.085629, "energy": 35.415036, "activity_lines": [ 0.727029, 0.728473, 0.734185, 0.745302 ] }, { "date": "2024-07-19", "close": 0.746885, "volume": 3925300, "typical_volume": 588850.0, "trend": 0.760747, "fair_value": 0.821687, "relative_strength": -5.783024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.982591, "energy": 18.092219, "activity_lines": [ 0.733749, 0.731639, 0.734622, 0.744399 ] }, { "date": "2024-07-26", "close": 0.742302, "volume": 1784900, "typical_volume": 668495.0, "trend": 0.759736, "fair_value": 0.820433, "relative_strength": -5.767563, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.915552, "energy": 16.619047, "activity_lines": [ 0.738026, 0.733721, 0.734665, 0.743209 ] }, { "date": "2024-08-02", "close": 0.742302, "volume": 943100, "typical_volume": 700590.0, "trend": 0.757998, "fair_value": 0.819179, "relative_strength": -4.476699, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.204572, "energy": 13.935731, "activity_lines": [ 0.740775, 0.735554, 0.734818, 0.742085 ] }, { "date": "2024-08-09", "close": 0.719392, "volume": 945300, "typical_volume": 728140.0, "trend": 0.753168, "fair_value": 0.817778, "relative_strength": -4.013368, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.788393, "energy": 15.245809, "activity_lines": [ 0.734665, 0.733055, 0.732876, 0.739594 ] }, { "date": "2024-08-16", "close": 0.723974, "volume": 723500, "typical_volume": 751600.0, "trend": 0.750092, "fair_value": 0.81646, "relative_strength": -5.949732, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.300301, "energy": 23.460873, "activity_lines": [ 0.730389, 0.731555, 0.731654, 0.73771 ] }, { "date": "2024-08-23", "close": 0.719392, "volume": 495200, "typical_volume": 765665.0, "trend": 0.746426, "fair_value": 0.815112, "relative_strength": -7.557362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.902296, "energy": 33.363764, "activity_lines": [ 0.725196, 0.729472, 0.730258, 0.73573 ] }, { "date": "2024-08-30", "close": 0.751467, "volume": 687000, "typical_volume": 781685.0, "trend": 0.744746, "fair_value": 0.81397, "relative_strength": -5.058936, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.787, "energy": 13.456421, "activity_lines": [ 0.732527, 0.733471, 0.732178, 0.736055 ] }, { "date": "2024-09-06", "close": 0.746885, "volume": 568000, "typical_volume": 784020.0, "trend": 0.743066, "fair_value": 0.812692, "relative_strength": -6.016014, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.290499, "energy": 5.063719, "activity_lines": [ 0.737721, 0.736054, 0.733662, 0.736193 ] }, { "date": "2024-09-13", "close": 0.756049, "volume": 443200, "typical_volume": 776030.0, "trend": 0.741844, "fair_value": 0.811525, "relative_strength": -7.654094, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.437762, "energy": 22.06221, "activity_lines": [ 0.745663, 0.739887, 0.735909, 0.737031 ] }, { "date": "2024-09-20", "close": 0.797288, "volume": 1640200, "typical_volume": 841285.0, "trend": 0.743066, "fair_value": 0.810624, "relative_strength": -4.258324, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 51.434472, "energy": 57.910797, "activity_lines": [ 0.764908, 0.750634, 0.741953, 0.740608 ] }, { "date": "2024-09-27", "close": 0.806452, "volume": 869300, "typical_volume": 862615.0, "trend": 0.744746, "fair_value": 0.809887, "relative_strength": -1.757601, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.620781, "energy": 70.51352, "activity_lines": [ 0.78232, 0.761881, 0.748565, 0.744697 ] }, { "date": "2024-10-04", "close": 0.806452, "volume": 662200, "typical_volume": 855115.0, "trend": 0.746121, "fair_value": 0.809097, "relative_strength": -2.193787, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.631414, "energy": 83.51821, "activity_lines": [ 0.793928, 0.772045, 0.754827, 0.748678 ] }, { "date": "2024-10-11", "close": 0.797288, "volume": 369200, "typical_volume": 860405.0, "trend": 0.747343, "fair_value": 0.80793, "relative_strength": -2.898499, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.355316, "energy": 80.906127, "activity_lines": [ 0.798815, 0.779376, 0.759845, 0.751979 ] }, { "date": "2024-10-18", "close": 0.811034, "volume": 412200, "typical_volume": 857475.0, "trend": 0.748412, "fair_value": 0.806903, "relative_strength": -3.015869, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.502902, "energy": 87.17555, "activity_lines": [ 0.804925, 0.788207, 0.765868, 0.756088 ] }, { "date": "2024-10-25", "close": 0.80187, "volume": 608400, "typical_volume": 873385.0, "trend": 0.749176, "fair_value": 0.805818, "relative_strength": -2.88111, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.744717, "energy": 78.082508, "activity_lines": [ 0.804314, 0.793706, 0.770624, 0.759537 ] }, { "date": "2024-11-01", "close": 0.811034, "volume": 529700, "typical_volume": 874730.0, "trend": 0.750398, "fair_value": 0.804845, "relative_strength": -0.782813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.660711, "energy": 69.15148, "activity_lines": [ 0.806452, 0.799454, 0.775948, 0.763528 ] }, { "date": "2024-11-08", "close": 0.815616, "volume": 1086600, "typical_volume": 911530.0, "trend": 0.752536, "fair_value": 0.803795, "relative_strength": -4.780291, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.326125, "energy": 56.208543, "activity_lines": [ 0.809812, 0.804369, 0.781338, 0.767736 ] }, { "date": "2024-11-15", "close": 0.843109, "volume": 1384400, "typical_volume": 959365.0, "trend": 0.756507, "fair_value": 0.80308, "relative_strength": -2.072579, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.107801, "energy": 60.288245, "activity_lines": [ 0.821726, 0.813117, 0.788887, 0.773579 ] }, { "date": "2024-11-22", "close": 0.843109, "volume": 600700, "typical_volume": 974445.0, "trend": 0.760325, "fair_value": 0.802366, "relative_strength": -2.055922, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.212401, "energy": 61.456686, "activity_lines": [ 0.830584, 0.820115, 0.79587, 0.779166 ] }, { "date": "2024-11-29", "close": 0.838527, "volume": 774100, "typical_volume": 972625.0, "trend": 0.763838, "fair_value": 0.801729, "relative_strength": -2.306178, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.742639, "energy": 59.884963, "activity_lines": [ 0.835778, 0.824697, 0.801848, 0.784212 ] }, { "date": "2024-12-06", "close": 0.852273, "volume": 1068000, "typical_volume": 829760.0, "trend": 0.76781, "fair_value": 0.801073, "relative_strength": -2.077033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.503194, "energy": 70.621856, "activity_lines": [ 0.843109, 0.831029, 0.808634, 0.789917 ] }, { "date": "2024-12-13", "close": 0.847691, "volume": 710400, "typical_volume": 776035.0, "trend": 0.771781, "fair_value": 0.800494, "relative_strength": -2.815913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.240628, "energy": 60.516262, "activity_lines": [ 0.846164, 0.835694, 0.814482, 0.795071 ] }, { "date": "2024-12-20", "close": 0.843109, "volume": 659900, "typical_volume": 761875.0, "trend": 0.775446, "fair_value": 0.799886, "relative_strength": -0.888207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.914402, "energy": 54.903319, "activity_lines": [ 0.845553, 0.838777, 0.819391, 0.799672 ] }, { "date": "2024-12-27", "close": 0.852273, "volume": 437100, "typical_volume": 736465.0, "trend": 0.77957, "fair_value": 0.799284, "relative_strength": -1.080525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.711425, "energy": 55.786754, "activity_lines": [ 0.847996, 0.842692, 0.824693, 0.804629 ] }, { "date": "2025-01-03", "close": 0.856855, "volume": 629400, "typical_volume": 731760.0, "trend": 0.783541, "fair_value": 0.798711, "relative_strength": -1.138077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.97584, "energy": 53.920066, "activity_lines": [ 0.851357, 0.846691, 0.829799, 0.809615 ] }, { "date": "2025-01-10", "close": 0.861437, "volume": 1024200, "typical_volume": 758210.0, "trend": 0.787818, "fair_value": 0.798167, "relative_strength": -0.230466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.929486, "energy": 54.236252, "activity_lines": [ 0.855022, 0.850523, 0.834708, 0.814641 ] }, { "date": "2025-01-17", "close": 0.852273, "volume": 1050200, "typical_volume": 776370.0, "trend": 0.792247, "fair_value": 0.797618, "relative_strength": -1.235474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.004301, "energy": 50.088968, "activity_lines": [ 0.855022, 0.851773, 0.838069, 0.818799 ] }, { "date": "2025-01-24", "close": 0.842187, "volume": 1912900, "typical_volume": 843615.0, "trend": 0.796188, "fair_value": 0.797058, "relative_strength": -1.894452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.665794, "energy": 42.316258, "activity_lines": [ 0.851355, 0.850522, 0.839988, 0.822021 ] }, { "date": "2025-01-31", "close": 0.832563, "volume": 415000, "typical_volume": 842205.0, "trend": 0.799808, "fair_value": 0.796274, "relative_strength": -4.015856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.870647, "energy": 28.01972, "activity_lines": [ 0.844541, 0.847539, 0.840537, 0.824368 ] }, { "date": "2025-02-07", "close": 0.818125, "volume": 823400, "typical_volume": 801365.0, "trend": 0.80264, "fair_value": 0.795506, "relative_strength": -5.476332, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.863926, "energy": 18.88022, "activity_lines": [ 0.834228, 0.842122, 0.839347, 0.82555 ] }, { "date": "2025-02-14", "close": 0.822937, "volume": 800800, "typical_volume": 797940.0, "trend": 0.805176, "fair_value": 0.794769, "relative_strength": -5.039291, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.577349, "energy": 19.169512, "activity_lines": [ 0.828101, 0.837951, 0.838516, 0.826859 ] }, { "date": "2025-02-21", "close": 0.8085, "volume": 538800, "typical_volume": 791770.0, "trend": 0.807382, "fair_value": 0.793993, "relative_strength": -7.687233, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.343396, "energy": 28.16286, "activity_lines": [ 0.819729, 0.831688, 0.836231, 0.827073 ] }, { "date": "2025-02-28", "close": 0.798875, "volume": 867600, "typical_volume": 816690.0, "trend": 0.809268, "fair_value": 0.793264, "relative_strength": -7.69745, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -19.389894, "energy": 44.460421, "activity_lines": [ 0.811067, 0.824388, 0.83302, 0.826525 ] }, { "date": "2025-03-07", "close": 0.798875, "volume": 1730700, "typical_volume": 882615.0, "trend": 0.811917, "fair_value": 0.792589, "relative_strength": -7.828586, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.979953, "energy": 56.773026, "activity_lines": [ 0.805292, 0.817892, 0.829802, 0.825854 ] }, { "date": "2025-03-14", "close": 0.784437, "volume": 1009700, "typical_volume": 902680.0, "trend": 0.813933, "fair_value": 0.791985, "relative_strength": -7.359768, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.842508, "energy": 64.90628, "activity_lines": [ 0.79695, 0.809742, 0.825266, 0.824081 ] }, { "date": "2025-03-21", "close": 0.798875, "volume": 471600, "typical_volume": 899775.0, "trend": 0.816582, "fair_value": 0.791256, "relative_strength": -7.516485, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.317733, "energy": 59.985568, "activity_lines": [ 0.795667, 0.805533, 0.822189, 0.82311 ] }, { "date": "2025-03-28", "close": 0.798875, "volume": 556300, "typical_volume": 873260.0, "trend": 0.818162, "fair_value": 0.79031, "relative_strength": -8.262128, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.73668, "energy": 47.036314, "activity_lines": [ 0.795987, 0.802462, 0.819169, 0.821967 ] }, { "date": "2025-04-04", "close": 0.774812, "volume": 566100, "typical_volume": 832345.0, "trend": 0.819093, "fair_value": 0.78921, "relative_strength": -7.30692, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.542848, "energy": 57.737563, "activity_lines": [ 0.788929, 0.795987, 0.813937, 0.819171 ] }, { "date": "2025-04-11", "close": 0.721875, "volume": 2007900, "typical_volume": 902705.0, "trend": 0.817954, "fair_value": 0.787771, "relative_strength": -5.703207, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.211509, "energy": 82.406223, "activity_lines": [ 0.765829, 0.781112, 0.803989, 0.812898 ] }, { "date": "2025-04-18", "close": 0.745937, "volume": 438100, "typical_volume": 885905.0, "trend": 0.816242, "fair_value": 0.78654, "relative_strength": -7.779522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.005462, "energy": 79.14268, "activity_lines": [ 0.755883, 0.772625, 0.79691, 0.808252 ] }, { "date": "2025-04-25", "close": 0.779625, "volume": 1025100, "typical_volume": 883760.0, "trend": 0.815348, "fair_value": 0.785633, "relative_strength": -6.070887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.354387, "energy": 66.929735, "activity_lines": [ 0.759733, 0.771575, 0.79348, 0.80589 ] }, { "date": "2025-05-02", "close": 0.78925, "volume": 355200, "typical_volume": 866000.0, "trend": 0.814775, "fair_value": 0.784734, "relative_strength": -5.293656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.118631, "energy": 49.520705, "activity_lines": [ 0.768075, 0.773062, 0.791312, 0.804206 ] }, { "date": "2025-05-09", "close": 0.784437, "volume": 303200, "typical_volume": 848165.0, "trend": 0.814346, "fair_value": 0.783913, "relative_strength": -6.455025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.27332, "energy": 30.326637, "activity_lines": [ 0.775454, 0.774025, 0.788965, 0.802249 ] }, { "date": "2025-05-16", "close": 0.798875, "volume": 849200, "typical_volume": 868770.0, "trend": 0.813941, "fair_value": 0.783021, "relative_strength": -5.138039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.018774, "energy": 24.017271, "activity_lines": [ 0.787004, 0.777875, 0.788272, 0.80125 ] }, { "date": "2025-05-23", "close": 0.78925, "volume": 707400, "typical_volume": 872670.0, "trend": 0.813521, "fair_value": 0.782122, "relative_strength": -5.758973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.000547, "energy": 22.804596, "activity_lines": [ 0.790212, 0.779975, 0.786917, 0.799657 ] }, { "date": "2025-05-30", "close": 0.779625, "volume": 303800, "typical_volume": 836650.0, "trend": 0.812474, "fair_value": 0.781161, "relative_strength": -7.049039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.691829, "energy": 19.879235, "activity_lines": [ 0.787325, 0.780237, 0.784967, 0.797471 ] }, { "date": "2025-06-06", "close": 0.798875, "volume": 1075200, "typical_volume": 837900.0, "trend": 0.811916, "fair_value": 0.780324, "relative_strength": -5.559135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.077123, "energy": 16.905239, "activity_lines": [ 0.790854, 0.78435, 0.785239, 0.796593 ] }, { "date": "2025-06-13", "close": 0.8085, "volume": 1175400, "typical_volume": 801025.0, "trend": 0.810762, "fair_value": 0.779711, "relative_strength": -3.727894, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.663627, "energy": 8.752875, "activity_lines": [ 0.79695, 0.790212, 0.786683, 0.796373 ] }, { "date": "2025-06-20", "close": 0.798875, "volume": 517700, "typical_volume": 806160.0, "trend": 0.809287, "fair_value": 0.779036, "relative_strength": -4.086248, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.731055, "energy": 11.473402, "activity_lines": [ 0.798233, 0.793712, 0.787371, 0.795606 ] }, { "date": "2025-06-27", "close": 0.842187, "volume": 1119400, "typical_volume": 820960.0, "trend": 0.809409, "fair_value": 0.778693, "relative_strength": -0.952903, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.019043, "energy": 35.314436, "activity_lines": [ 0.813954, 0.803687, 0.792344, 0.797729 ] }, { "date": "2025-07-04", "close": 0.856625, "volume": 1542200, "typical_volume": 858030.0, "trend": 0.809555, "fair_value": 0.778388, "relative_strength": -0.455632, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.903749, "energy": 57.288104, "activity_lines": [ 0.830958, 0.814537, 0.798577, 0.800775 ] }, { "date": "2025-07-11", "close": 0.856625, "volume": 924300, "typical_volume": 877305.0, "trend": 0.809852, "fair_value": 0.778138, "relative_strength": -2.261875, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.588757, "energy": 70.170217, "activity_lines": [ 0.842829, 0.823987, 0.80465, 0.803812 ] }, { "date": "2025-07-18", "close": 0.890312, "volume": 2009600, "typical_volume": 934405.0, "trend": 0.811426, "fair_value": 0.778211, "relative_strength": -0.847207, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.75814, "energy": 80.100433, "activity_lines": [ 0.862079, 0.838337, 0.813702, 0.809003 ] }, { "date": "2025-07-25", "close": 0.914375, "volume": 2574700, "typical_volume": 976605.0, "trend": 0.813496, "fair_value": 0.778385, "relative_strength": 0.140893, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.90159, "energy": 95.134368, "activity_lines": [ 0.883896, 0.855137, 0.82461, 0.815644 ] }, { "date": "2025-08-01", "close": 0.90475, "volume": 2170800, "typical_volume": 1034660.0, "trend": 0.815092, "fair_value": 0.778552, "relative_strength": 1.660284, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.956092, "energy": 90.434964, "activity_lines": [ 0.894804, 0.868087, 0.834052, 0.821532 ] }, { "date": "2025-08-08", "close": 0.919187, "volume": 970900, "typical_volume": 1059625.0, "trend": 0.817017, "fair_value": 0.778756, "relative_strength": 1.221577, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.164487, "energy": 91.279464, "activity_lines": [ 0.906354, 0.881562, 0.844296, 0.828248 ] }, { "date": "2025-08-15", "close": 0.924, "volume": 714500, "typical_volume": 1067535.0, "trend": 0.819408, "fair_value": 0.778992, "relative_strength": 1.95251, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.339153, "energy": 89.74673, "activity_lines": [ 0.915337, 0.893375, 0.854425, 0.83515 ] }, { "date": "2025-08-22", "close": 0.914375, "volume": 705900, "typical_volume": 1074525.0, "trend": 0.821814, "fair_value": 0.779166, "relative_strength": 0.333047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.32375, "energy": 74.779662, "activity_lines": [ 0.916621, 0.901162, 0.863042, 0.841277 ] }, { "date": "2025-08-29", "close": 0.952875, "volume": 1917900, "typical_volume": 1070025.0, "trend": 0.825825, "fair_value": 0.779586, "relative_strength": 4.103277, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.418757, "energy": 73.817265, "activity_lines": [ 0.929133, 0.914025, 0.87466, 0.849732 ] }, { "date": "2025-09-05", "close": 0.991375, "volume": 2281800, "typical_volume": 1162210.0, "trend": 0.8316, "fair_value": 0.7802, "relative_strength": 7.235145, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.39863, "energy": 77.982859, "activity_lines": [ 0.951912, 0.931087, 0.888846, 0.860413 ] }, { "date": "2025-09-12", "close": 1.029875, "volume": 2292800, "typical_volume": 1225595.0, "trend": 0.838498, "fair_value": 0.781277, "relative_strength": 10.201349, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.624773, "energy": 85.100956, "activity_lines": [ 0.98175, 0.952437, 0.905529, 0.873205 ] }, { "date": "2025-09-19", "close": 1.010625, "volume": 1486000, "typical_volume": 1282135.0, "trend": 0.845235, "fair_value": 0.78223, "relative_strength": 9.039823, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.255738, "energy": 85.732037, "activity_lines": [ 0.997792, 0.967137, 0.919187, 0.88431 ] }, { "date": "2025-09-26", "close": 0.98175, "volume": 913400, "typical_volume": 1312645.0, "trend": 0.851331, "fair_value": 0.783215, "relative_strength": 6.793977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.697861, "energy": 81.662567, "activity_lines": [ 0.998433, 0.973787, 0.929042, 0.893117 ] }, { "date": "2025-10-03", "close": 1.02025, "volume": 1208600, "typical_volume": 1330615.0, "trend": 0.85871, "fair_value": 0.784419, "relative_strength": 7.247389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.705933, "energy": 72.336475, "activity_lines": [ 1.007417, 0.985775, 0.941623, 0.904015 ] }, { "date": "2025-10-10", "close": 1.029875, "volume": 1283500, "typical_volume": 1359420.0, "trend": 0.866892, "fair_value": 0.785984, "relative_strength": 7.797971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.785395, "energy": 68.195851, "activity_lines": [ 1.015117, 0.997587, 0.954067, 0.915058 ] }, { "date": "2025-10-17", "close": 1.001, "volume": 1223000, "typical_volume": 1405380.0, "trend": 0.873629, "fair_value": 0.787552, "relative_strength": 7.070211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.219335, "energy": 61.759451, "activity_lines": [ 1.010625, 1.001875, 0.962615, 0.92371 ] }, { "date": "2025-10-24", "close": 1.029875, "volume": 1319100, "typical_volume": 1417575.0, "trend": 0.881329, "fair_value": 0.78936, "relative_strength": 7.741729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.01539, "energy": 64.503451, "activity_lines": [ 1.017683, 1.009925, 0.972858, 0.933791 ] }, { "date": "2025-10-31", "close": 1.010625, "volume": 690900, "typical_volume": 1393350.0, "trend": 0.88919, "fair_value": 0.79118, "relative_strength": 5.573968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.738604, "energy": 56.348593, "activity_lines": [ 1.017042, 1.01255, 0.980169, 0.942132 ] }, { "date": "2025-11-07", "close": 0.972125, "volume": 1417100, "typical_volume": 1438320.0, "trend": 0.897531, "fair_value": 0.792618, "relative_strength": 0.137004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.785414, "energy": 39.902679, "activity_lines": [ 1.001642, 1.006425, 0.98285, 0.947483 ] }, { "date": "2025-11-14", "close": 1.010625, "volume": 2064600, "typical_volume": 1485580.0, "trend": 0.906354, "fair_value": 0.794005, "relative_strength": 2.896157, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.505009, "energy": 37.46943, "activity_lines": [ 1.002283, 1.00695, 0.988373, 0.954779 ] }, { "date": "2025-11-21", "close": 0.991375, "volume": 2159700, "typical_volume": 1516455.0, "trend": 0.913412, "fair_value": 0.795268, "relative_strength": 2.703329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.181871, "energy": 26.305965, "activity_lines": [ 0.997792, 1.003625, 0.99126, 0.960264 ] }, { "date": "2025-11-28", "close": 1.001, "volume": 1249900, "typical_volume": 1532735.0, "trend": 0.920471, "fair_value": 0.79662, "relative_strength": 2.471042, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.99564, "energy": 22.533269, "activity_lines": [ 0.99715, 1.00275, 0.994423, 0.965915 ] }, { "date": "2025-12-05", "close": 1.05875, "volume": 2571800, "typical_volume": 1560845.0, "trend": 0.929615, "fair_value": 0.798315, "relative_strength": 8.117828, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.752328, "energy": 45.504954, "activity_lines": [ 1.017683, 1.01255, 1.002398, 0.974837 ] }, { "date": "2025-12-12", "close": 1.087625, "volume": 2143800, "typical_volume": 1539300.0, "trend": 0.93924, "fair_value": 0.800385, "relative_strength": 9.589372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.552944, "energy": 66.264784, "activity_lines": [ 1.044633, 1.0262, 1.012321, 0.985031 ] }, { "date": "2025-12-19", "close": 1.087625, "volume": 1679300, "typical_volume": 1514725.0, "trend": 0.949185, "fair_value": 0.802347, "relative_strength": 9.878245, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.192036, "energy": 81.595344, "activity_lines": [ 1.063883, 1.038625, 1.021419, 0.994604 ] }, { "date": "2025-12-26", "close": 1.09725, "volume": 649300, "typical_volume": 1498645.0, "trend": 0.959773, "fair_value": 0.804343, "relative_strength": 9.159976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.808728, "energy": 86.009331, "activity_lines": [ 1.081208, 1.05175, 1.030563, 1.004157 ] }, { "date": "2026-01-02", "close": 1.087625, "volume": 703100, "typical_volume": 1498075.0, "trend": 0.969398, "fair_value": 0.806223, "relative_strength": 7.659943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.565386, "energy": 83.846813, "activity_lines": [ 1.088267, 1.061375, 1.037942, 1.012405 ] }, { "date": "2026-01-09", "close": 1.09725, "volume": 1547600, "typical_volume": 1540160.0, "trend": 0.979023, "fair_value": 0.808274, "relative_strength": 6.54187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.637667, "energy": 81.688733, "activity_lines": [ 1.092758, 1.0717, 1.045458, 1.020654 ] }, { "date": "2026-01-16", "close": 1.145375, "volume": 2464300, "typical_volume": 1567480.0, "trend": 0.990573, "fair_value": 0.810551, "relative_strength": 8.698499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.710476, "energy": 84.721058, "activity_lines": [ 1.110725, 1.0892, 1.056688, 1.031386 ] }, { "date": "2026-01-23", "close": 1.13575, "volume": 2160100, "typical_volume": 1561395.0, "trend": 1.000358, "fair_value": 0.812683, "relative_strength": 6.749733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.02889, "energy": 79.892091, "activity_lines": [ 1.121633, 1.1018, 1.066083, 1.040752 ] }, { "date": "2026-01-30", "close": 1.13, "volume": 6017500, "typical_volume": 1747630.0, "trend": 1.009471, "fair_value": 0.814834, "relative_strength": 5.777971, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.361999, "energy": 67.418713, "activity_lines": [ 1.127417, 1.11108, 1.074244, 1.049116 ] }, { "date": "2026-02-06", "close": 1.08, "volume": 2860400, "typical_volume": 1816350.0, "trend": 1.016917, "fair_value": 0.816693, "relative_strength": 0.435552, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.345891, "energy": 55.460828, "activity_lines": [ 1.11435, 1.108748, 1.077166, 1.053667 ] }, { "date": "2026-02-13", "close": 1.09, "volume": 2790000, "typical_volume": 1910180.0, "trend": 1.023573, "fair_value": 0.818643, "relative_strength": 1.220296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.278086, "energy": 39.111442, "activity_lines": [ 1.105125, 1.106798, 1.08071, 1.058382 ] }, { "date": "2026-02-20", "close": 1.09, "volume": 766100, "typical_volume": 1888055.0, "trend": 1.029427, "fair_value": 0.820594, "relative_strength": -0.490894, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.544341, "energy": 27.480615, "activity_lines": [ 1.096383, 1.10428, 1.083739, 1.062667 ] }, { "date": "2026-02-27", "close": 1.06, "volume": 2200100, "typical_volume": 1933885.0, "trend": 1.034602, "fair_value": 0.822352, "relative_strength": -2.854324, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.521893, "energy": 23.598035, "activity_lines": [ 1.081333, 1.096264, 1.083578, 1.06464 ] }, { "date": "2026-03-06", "close": 0.995, "volume": 2232900, "typical_volume": 1984380.0, "trend": 1.037129, "fair_value": 0.823777, "relative_strength": -6.059383, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.254958, "energy": 26.715334, "activity_lines": [ 1.049667, 1.076932, 1.077083, 1.062085 ] }, { "date": "2026-03-13", "close": 0.985, "volume": 991100, "typical_volume": 1967980.0, "trend": 1.039162, "fair_value": 0.825167, "relative_strength": -6.879848, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -41.170178, "energy": 43.560339, "activity_lines": [ 1.023667, 1.057641, 1.069665, 1.058722 ] }, { "date": "2026-03-20", "close": 0.975, "volume": 873500, "typical_volume": 1977110.0, "trend": 1.041183, "fair_value": 0.826576, "relative_strength": -9.759499, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.461602, "energy": 63.541973, "activity_lines": [ 1.000667, 1.038398, 1.061508, 1.054582 ] }, { "date": "2026-03-27", "close": 0.965, "volume": 1116800, "typical_volume": 1962095.0, "trend": 1.041587, "fair_value": 0.827865, "relative_strength": -9.728202, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.868613, "energy": 70.741702, "activity_lines": [ 0.982, 1.019559, 1.052568, 1.049667 ] }, { "date": "2026-04-03", "close": 0.97, "volume": 547700, "typical_volume": 1886250.0, "trend": 1.040875, "fair_value": 0.829131, "relative_strength": -10.113847, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.426017, "energy": 70.770089, "activity_lines": [ 0.973333, 1.004909, 1.044138, 1.045048 ] }, { "date": "2026-04-10", "close": 1.03, "volume": 1036900, "typical_volume": 1830110.0, "trend": 1.040879, "fair_value": 0.83078, "relative_strength": -5.36331, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.657756, "energy": 40.519931, "activity_lines": [ 0.990667, 1.004182, 1.041616, 1.044347 ] }, { "date": "2026-04-17", "close": 1.07, "volume": 2700100, "typical_volume": 1902620.0, "trend": 1.042858, "fair_value": 0.832659, "relative_strength": -1.9731, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.247483, "energy": 13.166866, "activity_lines": [ 1.019, 1.012545, 1.04272, 1.046226 ] }, { "date": "2026-04-24", "close": 1.17, "volume": 11415700, "typical_volume": 2344815.0, "trend": 1.049133, "fair_value": 0.835262, "relative_strength": 8.500131, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.952486, "energy": 31.305918, "activity_lines": [ 1.075, 1.039273, 1.053018, 1.054428 ] }, { "date": "2026-05-01", "close": 1.14, "volume": 1607500, "typical_volume": 2318000.0, "trend": 1.053125, "fair_value": 0.837673, "relative_strength": 5.688324, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 49.760979, "energy": 46.352667, "activity_lines": [ 1.108, 1.059091, 1.05993, 1.060291 ] }, { "date": "2026-05-08", "close": 1.11, "volume": 1219800, "typical_volume": 2295025.0, "trend": 1.055796, "fair_value": 0.839836, "relative_strength": 2.506663, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 48.808685, "energy": 47.343587, "activity_lines": [ 1.119333, 1.072545, 1.063736, 1.06396 ] }, { "date": "2026-05-15", "close": 1.13, "volume": 3494900, "typical_volume": 2437305.0, "trend": 1.060096, "fair_value": 0.842211, "relative_strength": 2.754968, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.530248, "energy": 65.333963, "activity_lines": [ 1.128, 1.088727, 1.069339, 1.068747 ] }, { "date": "2026-05-22", "close": 1.13, "volume": 1105300, "typical_volume": 2457415.0, "trend": 1.063433, "fair_value": 0.844557, "relative_strength": 0.978539, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.054171, "energy": 60.125655, "activity_lines": [ 1.13, 1.102455, 1.074787, 1.073257 ] }, { "date": "2026-05-29", "close": 1.13, "volume": 1418300, "typical_volume": 2450950.0, "trend": 1.067412, "fair_value": 0.847016, "relative_strength": 1.372703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.499442, "energy": 44.026365, "activity_lines": [ 1.128, 1.113545, 1.080033, 1.077552 ] }, { "date": "2026-06-05", "close": 1.1, "volume": 47200, "typical_volume": 2330095.0, "trend": 1.071675, "fair_value": 0.849283, "relative_strength": -1.681261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.041679, "energy": 36.266838, "activity_lines": [ 1.118667, 1.116364, 1.082265, 1.079654 ] }, { "date": "2026-06-12", "close": 1.1, "volume": 311500, "typical_volume": 2237665.0, "trend": 1.074654, "fair_value": 0.851465, "relative_strength": -1.312856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.438304, "energy": 26.089187, "activity_lines": [ 1.112, 1.116727, 1.084714, 1.081482 ] }, { "date": "2026-06-19", "close": 1.09, "volume": 127200, "typical_volume": 1943150.0, "trend": 1.077942, "fair_value": 0.853612, "relative_strength": -5.38754, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.111887, "energy": 18.578236, "activity_lines": [ 1.102667, 1.112909, 1.086381, 1.082472 ] }, { "date": "2026-06-26", "close": 1.09, "volume": 312300, "typical_volume": 1815745.0, "trend": 1.080908, "fair_value": 0.855814, "relative_strength": -5.350237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.979283, "energy": 18.621921, "activity_lines": [ 1.096, 1.108, 1.088238, 1.08325 ] }, { "date": "2026-07-03", "close": 1.07, "volume": 324900, "typical_volume": 1692490.0, "trend": 1.081283, "fair_value": 0.857888, "relative_strength": -7.94313, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.832817, "energy": 15.918299, "activity_lines": [ 1.085333, 1.099091, 1.088143, 1.082546 ] }, { "date": "2026-07-10", "close": 1.08, "volume": 1242300, "typical_volume": 1716300.0, "trend": 1.081029, "fair_value": 0.860027, "relative_strength": -10.811729, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.86577, "energy": 16.148446, "activity_lines": [ 1.082, 1.093818, 1.089095, 1.082463 ] }, { "date": "2026-07-17", "close": 1.06, "volume": 950500, "typical_volume": 1653820.0, "trend": 1.080108, "fair_value": 0.862121, "relative_strength": -12.949055, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.807809, "energy": 17.295953, "activity_lines": [ 1.073333, 1.086, 1.08819, 1.081106 ] }, { "date": "2026-07-24", "close": 1.04, "volume": 600800, "typical_volume": 1572215.0, "trend": 1.0782, "fair_value": 0.864059, "relative_strength": -15.588302, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.516494, "energy": 35.556323, "activity_lines": [ 1.060667, 1.075455, 1.085381, 1.078519 ] }, { "date": "2026-07-31", "close": 1.04, "volume": 917800, "typical_volume": 1568550.0, "trend": 1.076612, "fair_value": 0.865996, "relative_strength": -15.948378, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.440245, "energy": 49.498821, "activity_lines": [ 1.051333, 1.066545, 1.082357, 1.076054 ] }, { "date": "2026-08-07", "close": 1.05, "volume": 622100, "typical_volume": 1555980.0, "trend": 1.075038, "fair_value": 0.868026, "relative_strength": -15.942324, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.292629, "energy": 51.8799, "activity_lines": [ 1.048667, 1.061091, 1.080024, 1.074337 ] } ], "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." } } }