{ "ticker": { "uuid": "07274c09-7708-4c1d-8680-fd8db00d9e94", "symbol": "HBOR3", "name": "Helbor Empreendimentos S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -62.562, "architecture_energy": 71.487, "architecture_maturity": 54.351, "architecture_confidence": 90.869, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 12.55, "rotation_up": 11.17, "upward_expansion": 16.45, "deceleration": 37.75, "rotation_down": 69.93, "downward_expansion": 89.78 }, "activity_lines": [ 1.909333, 2.015455, 2.135856, 2.254392 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 1.92, "trend_reference": 2.413237, "distance_from_trend": -0.204388, "trend_direction": "Weakening", "fair_value": 2.353796, "distance_from_fair_value": -0.184296, "fair_value_direction": "Weakening", "relative_strength": -32.872089, "relative_strength_direction": "Weakening", "price_momentum": -0.301417, "excess_performance": -0.244369, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.204388, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.082961, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.184296, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.125974, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.328721, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.016151, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.301417, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.306972, "read": "Supply-led" } ], "volume": { "latest": 2758500, "relative_activity": 0.561876, "balance": 0.306972, "dry_up": 0.860687, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.126603, "annualized_volatility": 0.529019, "from_high_reference": -0.548706, "from_low_reference": 0.163636 }, "levels": { "trend_reference": 2.413237, "fair_value_reference": 2.353796, "structural_low": 1.65, "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": 38, "median_return": -0.044664, "positive_rate": 0.342105, "directional_follow_through": 0.657895, "median_excess_return": -0.029387, "regime_survival": 0.842105, "best_return": 0.23221, "worst_return": -0.232745, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.049296, "positive_rate": 0.266667, "directional_follow_through": 0.733333, "median_excess_return": -0.110554, "regime_survival": 0.666667, "best_return": 0.92338, "worst_return": -0.343648, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.168995, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.198141, "regime_survival": 0.625, "best_return": 0.910809, "worst_return": -0.488579, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.106848, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.015745, "regime_survival": 0.5, "best_return": 1.403731, "worst_return": -0.655939, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-01", "end": "2024-05-31", "tenure": "Established", "return": -0.217427, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2025-03-07", "tenure": "Extended", "return": -0.315316, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": 0.064327, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": 0.250274, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-02", "end": "2025-07-11", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": 0.288288, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-10-17", "tenure": "Developing", "return": 0.144876, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": 0.134454, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.314904, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": -0.085616, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": -0.0762, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-02-20", "tenure": "Developing", "return": 0.23221, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-27", "tenure": "Developing", "return": -0.253289, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.209423, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2.835373, "volume": 11319200, "typical_volume": 4319120.0, "trend": 2.499291, "fair_value": 4.642854, "relative_strength": 13.7838, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.736648, "energy": 38.436512, "activity_lines": [ 3.346531, 3.357858, 3.13706, 2.849442 ] }, { "date": "2023-08-25", "close": 2.84449, "volume": 3657800, "typical_volume": 4200615.0, "trend": 2.527232, "fair_value": 4.595291, "relative_strength": 13.390985, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.031344, "energy": 25.844092, "activity_lines": [ 3.170269, 3.269506, 3.138031, 2.871713 ] }, { "date": "2023-09-01", "close": 2.798905, "volume": 4094300, "typical_volume": 4080235.0, "trend": 2.556866, "fair_value": 4.551458, "relative_strength": 9.617032, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.195485, "energy": 21.816105, "activity_lines": [ 3.001302, 3.176182, 3.129251, 2.88924 ] }, { "date": "2023-09-08", "close": 2.479812, "volume": 3461800, "typical_volume": 4083430.0, "trend": 2.579076, "fair_value": 4.50791, "relative_strength": -0.57384, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.524986, "energy": 29.411537, "activity_lines": [ 2.763653, 3.03346, 3.086431, 2.884269 ] }, { "date": "2023-09-15", "close": 2.589215, "volume": 1840000, "typical_volume": 4028960.0, "trend": 2.604933, "fair_value": 4.466544, "relative_strength": 0.894957, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.099997, "energy": 29.218876, "activity_lines": [ 2.652426, 2.925714, 3.051358, 2.884923 ] }, { "date": "2023-09-22", "close": 2.361291, "volume": 3684200, "typical_volume": 4086205.0, "trend": 2.623484, "fair_value": 4.424353, "relative_strength": -5.480065, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.557791, "energy": 52.798968, "activity_lines": [ 2.536337, 2.792938, 2.992011, 2.869204 ] }, { "date": "2023-09-29", "close": 2.415993, "volume": 2469100, "typical_volume": 4047030.0, "trend": 2.64824, "fair_value": 4.383306, "relative_strength": -3.493181, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.815665, "energy": 57.751939, "activity_lines": [ 2.470087, 2.687844, 2.936875, 2.855818 ] }, { "date": "2023-10-06", "close": 2.151601, "volume": 3418200, "typical_volume": 3971680.0, "trend": 2.659217, "fair_value": 4.332889, "relative_strength": -11.693831, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.48188, "energy": 60.563819, "activity_lines": [ 2.344273, 2.548603, 2.855908, 2.823777 ] }, { "date": "2023-10-13", "close": 2.18807, "volume": 1537800, "typical_volume": 3897020.0, "trend": 2.67141, "fair_value": 4.289641, "relative_strength": -10.859618, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.022524, "energy": 59.347677, "activity_lines": [ 2.273769, 2.43804, 2.77989, 2.79338 ] }, { "date": "2023-10-20", "close": 2.078666, "volume": 1678800, "typical_volume": 3756960.0, "trend": 2.679373, "fair_value": 4.246379, "relative_strength": -13.132608, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.84951, "energy": 60.984378, "activity_lines": [ 2.186246, 2.337422, 2.695406, 2.755139 ] }, { "date": "2023-10-27", "close": 2.18807, "volume": 1986300, "typical_volume": 3696100.0, "trend": 2.692734, "fair_value": 4.213029, "relative_strength": -8.477805, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.325388, "energy": 54.769911, "activity_lines": [ 2.169228, 2.285372, 2.625423, 2.723442 ] }, { "date": "2023-11-03", "close": 2.434227, "volume": 2156200, "typical_volume": 3580475.0, "trend": 2.716929, "fair_value": 4.17464, "relative_strength": -2.189063, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.222603, "energy": 46.175095, "activity_lines": [ 2.24581, 2.289848, 2.583919, 2.706764 ] }, { "date": "2023-11-10", "close": 2.589215, "volume": 3702600, "typical_volume": 3517700.0, "trend": 2.735485, "fair_value": 4.136133, "relative_strength": 1.693063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.385687, "energy": 32.524783, "activity_lines": [ 2.37284, 2.329962, 2.559998, 2.698524 ] }, { "date": "2023-11-17", "close": 2.680385, "volume": 2100800, "typical_volume": 3446890.0, "trend": 2.760876, "fair_value": 4.094611, "relative_strength": 1.278148, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.864892, "energy": 26.38507, "activity_lines": [ 2.501085, 2.390466, 2.548015, 2.694969 ] }, { "date": "2023-11-24", "close": 2.580098, "volume": 2230700, "typical_volume": 3404265.0, "trend": 2.778544, "fair_value": 4.050752, "relative_strength": -3.058447, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.995759, "energy": 28.718269, "activity_lines": [ 2.56308, 2.429088, 2.529478, 2.683306 ] }, { "date": "2023-12-01", "close": 2.716853, "volume": 2655500, "typical_volume": 3403860.0, "trend": 2.797386, "fair_value": 4.004117, "relative_strength": -0.215598, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.977809, "energy": 24.809663, "activity_lines": [ 2.637231, 2.492741, 2.528305, 2.679326 ] }, { "date": "2023-12-08", "close": 2.653034, "volume": 1990700, "typical_volume": 3343075.0, "trend": 2.809846, "fair_value": 3.95755, "relative_strength": -2.114442, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.324135, "energy": 19.956306, "activity_lines": [ 2.654857, 2.538326, 2.524007, 2.670013 ] }, { "date": "2023-12-15", "close": 2.826256, "volume": 2871600, "typical_volume": 3347485.0, "trend": 2.822002, "fair_value": 3.913681, "relative_strength": 1.333847, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.893669, "energy": 17.137233, "activity_lines": [ 2.715637, 2.611096, 2.538725, 2.671072 ] }, { "date": "2023-12-22", "close": 3.05418, "volume": 4471300, "typical_volume": 3383815.0, "trend": 2.837197, "fair_value": 3.870956, "relative_strength": 6.784513, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 18.249954, "energy": 30.986904, "activity_lines": [ 2.836589, 2.71304, 2.577711, 2.686051 ] }, { "date": "2023-12-29", "close": 3.218285, "volume": 3175900, "typical_volume": 3225140.0, "trend": 2.846617, "fair_value": 3.826847, "relative_strength": 10.557461, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.367263, "energy": 60.711997, "activity_lines": [ 2.987322, 2.829074, 2.636016, 2.710637 ] }, { "date": "2024-01-05", "close": 2.789788, "volume": 3120800, "typical_volume": 2815220.0, "trend": 2.831422, "fair_value": 3.78555, "relative_strength": -2.693976, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.064354, "energy": 50.348054, "activity_lines": [ 2.952678, 2.846479, 2.655595, 2.706971 ] }, { "date": "2024-01-12", "close": 2.598332, "volume": 3804300, "typical_volume": 2822545.0, "trend": 2.817139, "fair_value": 3.744772, "relative_strength": -8.83515, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.979825, "energy": 22.931986, "activity_lines": [ 2.849352, 2.818134, 2.657158, 2.691933 ] }, { "date": "2024-01-19", "close": 2.507163, "volume": 4462800, "typical_volume": 2840970.0, "trend": 2.791612, "fair_value": 3.709392, "relative_strength": -9.840537, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -32.029637, "energy": 14.775842, "activity_lines": [ 2.719284, 2.770228, 2.651211, 2.671935 ] }, { "date": "2024-01-26", "close": 2.42511, "volume": 1853900, "typical_volume": 2760575.0, "trend": 2.762134, "fair_value": 3.671421, "relative_strength": -13.765175, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.333948, "energy": 34.182513, "activity_lines": [ 2.583137, 2.708896, 2.638838, 2.648289 ] }, { "date": "2024-02-02", "close": 2.42511, "volume": 2511800, "typical_volume": 2794165.0, "trend": 2.726577, "fair_value": 3.630433, "relative_strength": -12.66761, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.659869, "energy": 36.593517, "activity_lines": [ 2.488929, 2.652205, 2.626725, 2.626546 ] }, { "date": "2024-02-09", "close": 2.461578, "volume": 2166400, "typical_volume": 2718275.0, "trend": 2.697403, "fair_value": 3.592748, "relative_strength": -12.129012, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.913131, "energy": 38.537984, "activity_lines": [ 2.459755, 2.604963, 2.618867, 2.609449 ] }, { "date": "2024-02-16", "close": 2.406877, "volume": 1215800, "typical_volume": 2655610.0, "trend": 2.671572, "fair_value": 3.558101, "relative_strength": -14.706765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.933192, "energy": 50.751697, "activity_lines": [ 2.434227, 2.552416, 2.605322, 2.590705 ] }, { "date": "2024-02-23", "close": 2.616566, "volume": 2458400, "typical_volume": 2607620.0, "trend": 2.646652, "fair_value": 3.532156, "relative_strength": -8.028337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.83394, "energy": 29.886858, "activity_lines": [ 2.49136, 2.54247, 2.611791, 2.587157 ] }, { "date": "2024-03-01", "close": 2.771554, "volume": 3107800, "typical_volume": 2686120.0, "trend": 2.6114, "fair_value": 3.504558, "relative_strength": -2.854501, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.911326, "energy": 5.816459, "activity_lines": [ 2.592862, 2.564517, 2.630806, 2.595215 ] }, { "date": "2024-03-08", "close": 2.525397, "volume": 3017500, "typical_volume": 2753055.0, "trend": 2.573716, "fair_value": 3.475223, "relative_strength": -10.19228, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.822911, "energy": 5.548347, "activity_lines": [ 2.589215, 2.546946, 2.623599, 2.589666 ] }, { "date": "2024-03-15", "close": 2.552748, "volume": 1501600, "typical_volume": 2728820.0, "trend": 2.564296, "fair_value": 3.44437, "relative_strength": -9.163383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.747322, "energy": 10.253491, "activity_lines": [ 2.588, 2.546946, 2.61687, 2.588313 ] }, { "date": "2024-03-22", "close": 2.616566, "volume": 2142400, "typical_volume": 2728130.0, "trend": 2.556698, "fair_value": 3.416148, "relative_strength": -7.260853, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.049241, "energy": 16.245559, "activity_lines": [ 2.601979, 2.562859, 2.614482, 2.591686 ] }, { "date": "2024-03-29", "close": 2.735087, "volume": 2402700, "typical_volume": 2663135.0, "trend": 2.554571, "fair_value": 3.387893, "relative_strength": -4.192482, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.951295, "energy": 18.81773, "activity_lines": [ 2.641486, 2.59999, 2.622514, 2.603195 ] }, { "date": "2024-04-05", "close": 2.653034, "volume": 5239500, "typical_volume": 2820070.0, "trend": 2.560345, "fair_value": 3.357841, "relative_strength": -6.427163, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.19271, "energy": 18.284228, "activity_lines": [ 2.645741, 2.618058, 2.622036, 2.609547 ] }, { "date": "2024-04-12", "close": 2.525397, "volume": 2453600, "typical_volume": 2831215.0, "trend": 2.558218, "fair_value": 3.327606, "relative_strength": -10.399933, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 21.853923, "energy": 11.229998, "activity_lines": [ 2.615351, 2.608776, 2.609533, 2.607292 ] }, { "date": "2024-04-19", "close": 2.415993, "volume": 2656400, "typical_volume": 2831260.0, "trend": 2.560041, "fair_value": 3.295717, "relative_strength": -13.786958, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.031737, "energy": 12.599499, "activity_lines": [ 2.548493, 2.577778, 2.586871, 2.598117 ] }, { "date": "2024-04-26", "close": 2.534514, "volume": 3064000, "typical_volume": 2884925.0, "trend": 2.563992, "fair_value": 3.267499, "relative_strength": -10.590571, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.581414, "energy": 18.586922, "activity_lines": [ 2.530259, 2.569158, 2.576929, 2.59647 ] }, { "date": "2024-05-03", "close": 2.706465, "volume": 2025000, "typical_volume": 2842595.0, "trend": 2.582487, "fair_value": 3.238374, "relative_strength": -6.04618, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.22764, "energy": 8.576596, "activity_lines": [ 2.574813, 2.589482, 2.583928, 2.605662 ] }, { "date": "2024-05-10", "close": 2.517861, "volume": 1342200, "typical_volume": 2686140.0, "trend": 2.59348, "fair_value": 3.207561, "relative_strength": -11.873948, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.908717, "energy": 14.747198, "activity_lines": [ 2.558406, 2.573879, 2.573535, 2.601492 ] }, { "date": "2024-05-17", "close": 2.414129, "volume": 2291900, "typical_volume": 2641940.0, "trend": 2.604662, "fair_value": 3.177414, "relative_strength": -15.622288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.094762, "energy": 27.919651, "activity_lines": [ 2.516434, 2.544029, 2.555817, 2.589921 ] }, { "date": "2024-05-24", "close": 2.282107, "volume": 3539600, "typical_volume": 2662880.0, "trend": 2.607797, "fair_value": 3.144398, "relative_strength": -17.408806, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.802972, "energy": 42.669091, "activity_lines": [ 2.437872, 2.492197, 2.529354, 2.569111 ] }, { "date": "2024-05-31", "close": 2.168944, "volume": 1229900, "typical_volume": 2534160.0, "trend": 2.598954, "fair_value": 3.106237, "relative_strength": -19.505546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.742554, "energy": 64.404382, "activity_lines": [ 2.330515, 2.424712, 2.494532, 2.540798 ] }, { "date": "2024-06-07", "close": 2.093503, "volume": 2076900, "typical_volume": 2414865.0, "trend": 2.58243, "fair_value": 3.070255, "relative_strength": -20.730587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.763426, "energy": 74.829295, "activity_lines": [ 2.222382, 2.351648, 2.454569, 2.508188 ] }, { "date": "2024-06-14", "close": 2.018061, "volume": 2138800, "typical_volume": 2429110.0, "trend": 2.560353, "fair_value": 3.033949, "relative_strength": -22.292309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.205185, "energy": 80.507818, "activity_lines": [ 2.129966, 2.276533, 2.409392, 2.471777 ] }, { "date": "2024-06-21", "close": 1.94262, "volume": 2318500, "typical_volume": 2419445.0, "trend": 2.539104, "fair_value": 2.998756, "relative_strength": -25.472867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.433288, "energy": 84.886994, "activity_lines": [ 2.045723, 2.199246, 2.358967, 2.431924 ] }, { "date": "2024-06-28", "close": 1.94262, "volume": 2188800, "typical_volume": 2420565.0, "trend": 2.513296, "fair_value": 2.967769, "relative_strength": -26.200492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.883187, "energy": 85.121489, "activity_lines": [ 1.992914, 2.132555, 2.310841, 2.393441 ] }, { "date": "2024-07-05", "close": 2.131224, "volume": 1949300, "typical_volume": 2457240.0, "trend": 2.495902, "fair_value": 2.939482, "relative_strength": -19.64024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.734532, "energy": 76.194027, "activity_lines": [ 2.025606, 2.108763, 2.283148, 2.368791 ] }, { "date": "2024-07-12", "close": 2.197235, "volume": 2919400, "typical_volume": 2480290.0, "trend": 2.474935, "fair_value": 2.909009, "relative_strength": -17.99315, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.500892, "energy": 49.731514, "activity_lines": [ 2.082815, 2.104305, 2.263054, 2.349522 ] }, { "date": "2024-07-19", "close": 2.121794, "volume": 2894500, "typical_volume": 2469625.0, "trend": 2.443855, "fair_value": 2.878798, "relative_strength": -19.27899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.51543, "energy": 37.203954, "activity_lines": [ 2.107963, 2.095389, 2.237772, 2.326739 ] }, { "date": "2024-07-26", "close": 2.168944, "volume": 1661200, "typical_volume": 2401810.0, "trend": 2.408877, "fair_value": 2.851391, "relative_strength": -16.549587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.148621, "energy": 26.116913, "activity_lines": [ 2.141911, 2.102247, 2.220075, 2.309003 ] }, { "date": "2024-08-02", "close": 2.074642, "volume": 1712500, "typical_volume": 2412355.0, "trend": 2.385039, "fair_value": 2.82487, "relative_strength": -17.934711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.006769, "energy": 27.636008, "activity_lines": [ 2.129337, 2.096418, 2.195094, 2.287439 ] }, { "date": "2024-08-09", "close": 2.197235, "volume": 1383600, "typical_volume": 2374415.0, "trend": 2.371669, "fair_value": 2.79855, "relative_strength": -15.103978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.114752, "energy": 24.031343, "activity_lines": [ 2.148827, 2.11665, 2.184065, 2.275323 ] }, { "date": "2024-08-16", "close": 1.98034, "volume": 3666000, "typical_volume": 2437580.0, "trend": 2.354109, "fair_value": 2.772382, "relative_strength": -24.675748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.157823, "energy": 36.764893, "activity_lines": [ 2.091617, 2.096932, 2.154376, 2.250076 ] }, { "date": "2024-08-23", "close": 2.036922, "volume": 2912300, "typical_volume": 2321220.0, "trend": 2.341169, "fair_value": 2.745513, "relative_strength": -22.74738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.088812, "energy": 38.691692, "activity_lines": [ 2.067727, 2.089559, 2.133671, 2.229612 ] }, { "date": "2024-08-30", "close": 1.95205, "volume": 2024400, "typical_volume": 2299760.0, "trend": 2.3254, "fair_value": 2.722412, "relative_strength": -25.489954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.374037, "energy": 46.745115, "activity_lines": [ 2.021205, 2.066412, 2.107816, 2.204507 ] }, { "date": "2024-09-06", "close": 1.895469, "volume": 2216300, "typical_volume": 2277755.0, "trend": 2.30653, "fair_value": 2.701291, "relative_strength": -26.334091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.737643, "energy": 66.176838, "activity_lines": [ 1.970282, 2.032807, 2.079302, 2.17677 ] }, { "date": "2024-09-13", "close": 1.886039, "volume": 2200200, "typical_volume": 2234565.0, "trend": 2.289169, "fair_value": 2.679151, "relative_strength": -26.289331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.295886, "energy": 69.173107, "activity_lines": [ 1.92816, 1.998344, 2.052369, 2.149641 ] }, { "date": "2024-09-20", "close": 1.782306, "volume": 3407900, "typical_volume": 2303710.0, "trend": 2.26136, "fair_value": 2.656346, "relative_strength": -27.820517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.868663, "energy": 74.758346, "activity_lines": [ 1.872208, 1.949478, 2.018645, 2.116941 ] }, { "date": "2024-09-27", "close": 1.791737, "volume": 1847000, "typical_volume": 2328950.0, "trend": 2.228699, "fair_value": 2.634666, "relative_strength": -27.816286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.068032, "energy": 72.101908, "activity_lines": [ 1.832601, 1.909871, 1.99022, 2.086642 ] }, { "date": "2024-10-04", "close": 1.801167, "volume": 1725500, "typical_volume": 2300630.0, "trend": 2.204558, "fair_value": 2.613525, "relative_strength": -26.52865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.215076, "energy": 68.046324, "activity_lines": [ 1.812483, 1.87798, 1.96615, 2.05906 ] }, { "date": "2024-10-11", "close": 1.754016, "volume": 1487200, "typical_volume": 2198010.0, "trend": 2.177934, "fair_value": 2.591497, "relative_strength": -27.053304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.142077, "energy": 68.762784, "activity_lines": [ 1.786707, 1.844203, 1.940509, 2.029992 ] }, { "date": "2024-10-18", "close": 1.782306, "volume": 1929100, "typical_volume": 2232970.0, "trend": 2.150125, "fair_value": 2.574708, "relative_strength": -25.801223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.11229, "energy": 61.818267, "activity_lines": [ 1.779792, 1.821399, 1.920077, 2.004468 ] }, { "date": "2024-10-25", "close": 1.706865, "volume": 5821000, "typical_volume": 2420175.0, "trend": 2.115851, "fair_value": 2.560203, "relative_strength": -28.147089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.150206, "energy": 62.06193, "activity_lines": [ 1.754645, 1.792423, 1.894301, 1.975871 ] }, { "date": "2024-11-01", "close": 1.697435, "volume": 3432600, "typical_volume": 2484865.0, "trend": 2.083998, "fair_value": 2.543881, "relative_strength": -26.991315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.772562, "energy": 58.151618, "activity_lines": [ 1.731383, 1.766704, 1.869468, 1.948876 ] }, { "date": "2024-11-08", "close": 1.716295, "volume": 3040000, "typical_volume": 2520940.0, "trend": 2.057028, "fair_value": 2.5272, "relative_strength": -25.376528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.493396, "energy": 53.863407, "activity_lines": [ 1.720696, 1.750587, 1.847959, 1.925153 ] }, { "date": "2024-11-15", "close": 1.697435, "volume": 1433700, "typical_volume": 2483185.0, "trend": 2.033076, "fair_value": 2.511624, "relative_strength": -25.525883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.936906, "energy": 60.319239, "activity_lines": [ 1.70938, 1.735327, 1.82573, 1.901954 ] }, { "date": "2024-11-22", "close": 1.659714, "volume": 2026200, "typical_volume": 2487030.0, "trend": 2.003916, "fair_value": 2.497455, "relative_strength": -27.329971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.803847, "energy": 63.156324, "activity_lines": [ 1.689262, 1.71681, 1.801077, 1.877866 ] }, { "date": "2024-11-29", "close": 1.508831, "volume": 7801900, "typical_volume": 2731155.0, "trend": 1.963995, "fair_value": 2.482905, "relative_strength": -31.432458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.194578, "energy": 70.776011, "activity_lines": [ 1.627023, 1.674974, 1.764299, 1.845925 ] }, { "date": "2024-12-06", "close": 1.442819, "volume": 4344500, "typical_volume": 2803655.0, "trend": 1.92816, "fair_value": 2.466069, "relative_strength": -33.893231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.469723, "energy": 81.610322, "activity_lines": [ 1.555982, 1.626108, 1.724513, 1.812301 ] }, { "date": "2024-12-13", "close": 1.405099, "volume": 6974700, "typical_volume": 3069330.0, "trend": 1.894526, "fair_value": 2.450588, "relative_strength": -34.170222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.078782, "energy": 84.965434, "activity_lines": [ 1.489342, 1.576728, 1.684367, 1.778555 ] }, { "date": "2024-12-20", "close": 1.348518, "volume": 8867700, "typical_volume": 3427090.0, "trend": 1.863406, "fair_value": 2.436341, "relative_strength": -34.644591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.725193, "energy": 89.749847, "activity_lines": [ 1.424588, 1.524262, 1.64247, 1.743328 ] }, { "date": "2024-12-27", "close": 1.301367, "volume": 1497400, "typical_volume": 3432780.0, "trend": 1.834487, "fair_value": 2.419769, "relative_strength": -34.994717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.435642, "energy": 90.487209, "activity_lines": [ 1.367378, 1.470596, 1.59954, 1.707068 ] }, { "date": "2025-01-03", "close": 1.291936, "volume": 1460100, "typical_volume": 3322485.0, "trend": 1.807768, "fair_value": 2.406597, "relative_strength": -33.737384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.169125, "energy": 87.942479, "activity_lines": [ 1.330915, 1.423959, 1.559978, 1.672065 ] }, { "date": "2025-01-10", "close": 1.273076, "volume": 4040500, "typical_volume": 3378895.0, "trend": 1.782935, "fair_value": 2.39389, "relative_strength": -34.179931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.199458, "energy": 83.310361, "activity_lines": [ 1.302624, 1.381438, 1.521898, 1.637568 ] }, { "date": "2025-01-17", "close": 1.291936, "volume": 5463700, "typical_volume": 3550860.0, "trend": 1.761246, "fair_value": 2.380611, "relative_strength": -34.408235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.212553, "energy": 65.837008, "activity_lines": [ 1.291936, 1.350061, 1.489252, 1.605891 ] }, { "date": "2025-01-24", "close": 1.414529, "volume": 3061200, "typical_volume": 3593105.0, "trend": 1.743643, "fair_value": 2.367427, "relative_strength": -27.61399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.530386, "energy": 56.912892, "activity_lines": [ 1.329657, 1.348689, 1.471424, 1.583522 ] }, { "date": "2025-01-31", "close": 1.508831, "volume": 2880300, "typical_volume": 3627110.0, "trend": 1.722896, "fair_value": 2.355219, "relative_strength": -24.398454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.081685, "energy": 39.966331, "activity_lines": [ 1.394411, 1.369607, 1.464868, 1.568373 ] }, { "date": "2025-02-07", "close": 1.386238, "volume": 1359500, "typical_volume": 3524690.0, "trend": 1.695863, "fair_value": 2.343503, "relative_strength": -28.996827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.860827, "energy": 30.796171, "activity_lines": [ 1.40447, 1.370979, 1.448433, 1.546653 ] }, { "date": "2025-02-14", "close": 1.499401, "volume": 2034000, "typical_volume": 3534040.0, "trend": 1.675117, "fair_value": 2.332194, "relative_strength": -24.709642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.364849, "energy": 25.414343, "activity_lines": [ 1.445963, 1.395154, 1.444661, 1.533978 ] }, { "date": "2025-02-21", "close": 1.527691, "volume": 2424900, "typical_volume": 3569010.0, "trend": 1.653741, "fair_value": 2.323407, "relative_strength": -21.837122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.916445, "energy": 22.688073, "activity_lines": [ 1.481798, 1.423445, 1.444975, 1.524467 ] }, { "date": "2025-02-28", "close": 1.376808, "volume": 1970000, "typical_volume": 3593150.0, "trend": 1.63048, "fair_value": 2.313867, "relative_strength": -26.127101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.925881, "energy": 20.097939, "activity_lines": [ 1.451621, 1.422073, 1.432222, 1.5066 ] }, { "date": "2025-03-07", "close": 1.433389, "volume": 840500, "typical_volume": 3538720.0, "trend": 1.605019, "fair_value": 2.30634, "relative_strength": -23.653032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.537025, "energy": 13.003029, "activity_lines": [ 1.442819, 1.430474, 1.426653, 1.493884 ] }, { "date": "2025-03-14", "close": 1.612563, "volume": 4011600, "typical_volume": 3448250.0, "trend": 1.59276, "fair_value": 2.297938, "relative_strength": -15.899304, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.981916, "energy": 9.902324, "activity_lines": [ 1.498772, 1.469052, 1.439811, 1.494371 ] }, { "date": "2025-03-21", "close": 1.603133, "volume": 3008500, "typical_volume": 3427045.0, "trend": 1.5783, "fair_value": 2.287719, "relative_strength": -17.627476, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.644816, "energy": 13.18497, "activity_lines": [ 1.536493, 1.500086, 1.452519, 1.49504 ] }, { "date": "2025-03-28", "close": 1.716295, "volume": 3157600, "typical_volume": 3432925.0, "trend": 1.570441, "fair_value": 2.277001, "relative_strength": -10.541304, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.235745, "energy": 46.707116, "activity_lines": [ 1.605019, 1.545694, 1.476454, 1.503943 ] }, { "date": "2025-04-04", "close": 1.697435, "volume": 4080500, "typical_volume": 3565265.0, "trend": 1.56384, "fair_value": 2.266535, "relative_strength": -7.36519, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.102626, "energy": 54.471831, "activity_lines": [ 1.654685, 1.580157, 1.498592, 1.512136 ] }, { "date": "2025-04-11", "close": 1.603133, "volume": 4052500, "typical_volume": 3666580.0, "trend": 1.55441, "fair_value": 2.256635, "relative_strength": -11.921729, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.98728, "energy": 47.435567, "activity_lines": [ 1.651541, 1.592331, 1.51175, 1.514672 ] }, { "date": "2025-04-18", "close": 1.876608, "volume": 3640200, "typical_volume": 3458495.0, "trend": 1.557554, "fair_value": 2.249606, "relative_strength": 2.204871, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.131563, "energy": 63.263357, "activity_lines": [ 1.72824, 1.652513, 1.551222, 1.535458 ] }, { "date": "2025-04-25", "close": 2.122258, "volume": 8545400, "typical_volume": 3668540.0, "trend": 1.568571, "fair_value": 2.244738, "relative_strength": 11.868345, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 90.342645, "energy": 86.172724, "activity_lines": [ 1.869219, 1.748442, 1.612338, 1.571891 ] }, { "date": "2025-05-02", "close": 2.181761, "volume": 8246800, "typical_volume": 3732145.0, "trend": 1.581257, "fair_value": 2.241314, "relative_strength": 15.44374, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.917532, "energy": 90.511985, "activity_lines": [ 1.995424, 1.843866, 1.675885, 1.611452 ] }, { "date": "2025-05-09", "close": 2.39002, "volume": 3769500, "typical_volume": 3477235.0, "trend": 1.602457, "fair_value": 2.239057, "relative_strength": 25.570938, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.903816, "energy": 95.419292, "activity_lines": [ 2.160018, 1.965262, 1.755569, 1.66363 ] }, { "date": "2025-05-16", "close": 2.380102, "volume": 10097100, "typical_volume": 3907220.0, "trend": 1.622384, "fair_value": 2.236511, "relative_strength": 22.941285, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.752413, "energy": 91.393698, "activity_lines": [ 2.275133, 2.066434, 1.829348, 1.713801 ] }, { "date": "2025-05-23", "close": 2.439605, "volume": 7049700, "typical_volume": 4186700.0, "trend": 1.646809, "fair_value": 2.234403, "relative_strength": 27.376921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.835883, "energy": 88.534734, "activity_lines": [ 2.358285, 2.161211, 1.903657, 1.766524 ] }, { "date": "2025-05-30", "close": 2.528859, "volume": 3056000, "typical_volume": 4137475.0, "trend": 1.674523, "fair_value": 2.233822, "relative_strength": 32.678122, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.050751, "energy": 84.948635, "activity_lines": [ 2.433655, 2.257179, 1.981002, 1.823431 ] }, { "date": "2025-06-06", "close": 2.756952, "volume": 4574600, "typical_volume": 4093020.0, "trend": 1.709211, "fair_value": 2.236051, "relative_strength": 45.042392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.246668, "energy": 74.858614, "activity_lines": [ 2.557949, 2.377787, 2.07409, 1.893265 ] }, { "date": "2025-06-13", "close": 2.766869, "volume": 12224400, "typical_volume": 4551180.0, "trend": 1.744859, "fair_value": 2.239466, "relative_strength": 43.732361, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.315229, "energy": 69.839251, "activity_lines": [ 2.647203, 2.481277, 2.161146, 1.961501 ] }, { "date": "2025-06-20", "close": 2.737118, "volume": 3586700, "typical_volume": 4586500.0, "trend": 1.780773, "fair_value": 2.242298, "relative_strength": 41.520717, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.068145, "energy": 66.800324, "activity_lines": [ 2.701416, 2.559914, 2.238928, 2.025518 ] }, { "date": "2025-06-27", "close": 2.469356, "volume": 8356000, "typical_volume": 4936325.0, "trend": 1.81279, "fair_value": 2.244593, "relative_strength": 27.498547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.301471, "energy": 58.763392, "activity_lines": [ 2.642575, 2.569248, 2.285361, 2.069942 ] }, { "date": "2025-07-04", "close": 2.271014, "volume": 5774300, "typical_volume": 5123340.0, "trend": 1.840397, "fair_value": 2.244718, "relative_strength": 13.562818, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.176548, "energy": 41.571708, "activity_lines": [ 2.515636, 2.531744, 2.307747, 2.099505 ] }, { "date": "2025-07-11", "close": 2.181761, "volume": 14925200, "typical_volume": 5748355.0, "trend": 1.866285, "fair_value": 2.245899, "relative_strength": 13.496768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.580599, "energy": 24.248672, "activity_lines": [ 2.376136, 2.475307, 2.317957, 2.121529 ] }, { "date": "2025-07-18", "close": 2.201595, "volume": 11323500, "typical_volume": 6216030.0, "trend": 1.894721, "fair_value": 2.246365, "relative_strength": 16.956256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.845254, "energy": 25.755407, "activity_lines": [ 2.281593, 2.422476, 2.326942, 2.143162 ] }, { "date": "2025-07-25", "close": 2.806537, "volume": 9465600, "typical_volume": 6647285.0, "trend": 1.944894, "fair_value": 2.250259, "relative_strength": 48.125594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.157472, "energy": 26.926684, "activity_lines": [ 2.426382, 2.48306, 2.389613, 2.201988 ] }, { "date": "2025-08-01", "close": 2.836289, "volume": 7205700, "typical_volume": 6806990.0, "trend": 1.996372, "fair_value": 2.252997, "relative_strength": 49.922514, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.956345, "energy": 37.844351, "activity_lines": [ 2.576461, 2.5413, 2.448579, 2.259498 ] }, { "date": "2025-08-08", "close": 2.806537, "volume": 4887000, "typical_volume": 6900915.0, "trend": 2.047487, "fair_value": 2.253915, "relative_strength": 43.814789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.718776, "energy": 45.774456, "activity_lines": [ 2.69216, 2.586919, 2.498884, 2.311767 ] }, { "date": "2025-08-15", "close": 2.856123, "volume": 8309800, "typical_volume": 7158525.0, "trend": 2.099627, "fair_value": 2.256442, "relative_strength": 44.701562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.841328, "energy": 64.539594, "activity_lines": [ 2.788687, 2.636504, 2.548181, 2.363937 ] }, { "date": "2025-08-22", "close": 3.024713, "volume": 7974500, "typical_volume": 7353225.0, "trend": 2.1533, "fair_value": 2.260556, "relative_strength": 50.059875, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.932385, "energy": 71.807091, "activity_lines": [ 2.896452, 2.714939, 2.608106, 2.42362 ] }, { "date": "2025-08-29", "close": 3.252807, "volume": 8871500, "typical_volume": 7594175.0, "trend": 2.211432, "fair_value": 2.264616, "relative_strength": 55.662637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.572054, "energy": 74.091145, "activity_lines": [ 3.025375, 2.830158, 2.683435, 2.494556 ] }, { "date": "2025-09-05", "close": 3.629656, "volume": 8745000, "typical_volume": 7849415.0, "trend": 2.286213, "fair_value": 2.271315, "relative_strength": 69.704201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.966577, "energy": 83.30903, "activity_lines": [ 3.250162, 3.004519, 2.786798, 2.586054 ] }, { "date": "2025-09-12", "close": 3.520568, "volume": 5889700, "typical_volume": 7716630.0, "trend": 2.353585, "fair_value": 2.277878, "relative_strength": 62.782662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.066472, "energy": 83.864759, "activity_lines": [ 3.385696, 3.137949, 2.871424, 2.66569 ] }, { "date": "2025-09-19", "close": 3.758578, "volume": 5865000, "typical_volume": 7597540.0, "trend": 2.427948, "fair_value": 2.284618, "relative_strength": 66.936986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.503715, "energy": 87.742243, "activity_lines": [ 3.552964, 3.291934, 2.972058, 2.756334 ] }, { "date": "2025-09-26", "close": 3.490817, "volume": 6463600, "typical_volume": 7732245.0, "trend": 2.498415, "fair_value": 2.290259, "relative_strength": 53.481882, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.469154, "energy": 78.620688, "activity_lines": [ 3.570815, 3.368566, 3.039684, 2.824907 ] }, { "date": "2025-10-03", "close": 3.679242, "volume": 17219900, "typical_volume": 8088385.0, "trend": 2.573277, "fair_value": 2.294525, "relative_strength": 60.820962, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.753911, "energy": 62.952537, "activity_lines": [ 3.6204, 3.456017, 3.120012, 2.901089 ] }, { "date": "2025-10-10", "close": 3.03463, "volume": 15007100, "typical_volume": 8486255.0, "trend": 2.620679, "fair_value": 2.295333, "relative_strength": 34.646252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.043798, "energy": 43.769902, "activity_lines": [ 3.426686, 3.410398, 3.132762, 2.930854 ] }, { "date": "2025-10-17", "close": 3.213138, "volume": 8700800, "typical_volume": 8768495.0, "trend": 2.674346, "fair_value": 2.299475, "relative_strength": 38.409766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.348856, "energy": 28.750381, "activity_lines": [ 3.332143, 3.393629, 3.15968, 2.969077 ] }, { "date": "2025-10-24", "close": 3.540402, "volume": 8205400, "typical_volume": 8950035.0, "trend": 2.735149, "fair_value": 2.30622, "relative_strength": 47.670204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.348113, "energy": 30.157092, "activity_lines": [ 3.367184, 3.42897, 3.214508, 3.024951 ] }, { "date": "2025-10-31", "close": 4.016423, "volume": 13895100, "typical_volume": 9033570.0, "trend": 2.812449, "fair_value": 2.314838, "relative_strength": 61.180013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.280416, "energy": 42.583231, "activity_lines": [ 3.575443, 3.538419, 3.31094, 3.107614 ] }, { "date": "2025-11-07", "close": 4.125511, "volume": 9997700, "typical_volume": 9354120.0, "trend": 2.896528, "fair_value": 2.327468, "relative_strength": 58.257741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.311856, "energy": 63.036922, "activity_lines": [ 3.785024, 3.649671, 3.411811, 3.192328 ] }, { "date": "2025-11-14", "close": 2.578444, "volume": 20181300, "typical_volume": 9945385.0, "trend": 2.919923, "fair_value": 2.33108, "relative_strength": -3.728548, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.113397, "energy": 19.266214, "activity_lines": [ 3.449165, 3.46377, 3.358731, 3.171806 ] }, { "date": "2025-11-21", "close": 2.826371, "volume": 10103100, "typical_volume": 10161825.0, "trend": 2.943393, "fair_value": 2.336225, "relative_strength": 6.897896, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.602641, "energy": 8.753635, "activity_lines": [ 3.226361, 3.34206, 3.328743, 3.165771 ] }, { "date": "2025-11-28", "close": 2.895791, "volume": 7035400, "typical_volume": 9767335.0, "trend": 2.967194, "fair_value": 2.34159, "relative_strength": 5.823166, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.635782, "energy": 15.944923, "activity_lines": [ 3.052481, 3.245594, 3.302723, 3.1627 ] }, { "date": "2025-12-05", "close": 2.647864, "volume": 9338800, "typical_volume": 9668100.0, "trend": 2.975789, "fair_value": 2.346714, "relative_strength": -2.773546, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.096045, "energy": 36.431522, "activity_lines": [ 2.838933, 3.119737, 3.24969, 3.142098 ] }, { "date": "2025-12-12", "close": 2.618113, "volume": 5483700, "typical_volume": 9469005.0, "trend": 2.983723, "fair_value": 2.352489, "relative_strength": -6.418226, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.401968, "energy": 50.789856, "activity_lines": [ 2.706705, 3.003797, 3.191698, 3.119022 ] }, { "date": "2025-12-19", "close": 2.399937, "volume": 7110100, "typical_volume": 9464225.0, "trend": 2.9824, "fair_value": 2.356192, "relative_strength": -13.367986, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.359089, "energy": 57.52604, "activity_lines": [ 2.602245, 2.867482, 3.113826, 3.081358 ] }, { "date": "2025-12-26", "close": 2.429688, "volume": 2537000, "typical_volume": 9346725.0, "trend": 2.979095, "fair_value": 2.360311, "relative_strength": -14.020251, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.424922, "energy": 59.542573, "activity_lines": [ 2.519603, 2.748117, 3.040864, 3.045699 ] }, { "date": "2026-01-02", "close": 2.499107, "volume": 3790600, "typical_volume": 9120765.0, "trend": 2.9705, "fair_value": 2.362403, "relative_strength": -11.817178, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.489971, "energy": 52.218124, "activity_lines": [ 2.486546, 2.655617, 2.976309, 3.014732 ] }, { "date": "2026-01-09", "close": 2.398623, "volume": 6943200, "typical_volume": 9069200.0, "trend": 2.958225, "fair_value": 2.365255, "relative_strength": -17.187731, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.201913, "energy": 54.748744, "activity_lines": [ 2.44644, 2.563781, 2.903883, 2.977837 ] }, { "date": "2026-01-16", "close": 2.418612, "volume": 5730600, "typical_volume": 8912155.0, "trend": 2.947608, "fair_value": 2.367674, "relative_strength": -17.590162, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.936451, "energy": 57.842514, "activity_lines": [ 2.429612, 2.504993, 2.836343, 2.943023 ] }, { "date": "2026-01-23", "close": 2.668468, "volume": 5087100, "typical_volume": 8729260.0, "trend": 2.954245, "fair_value": 2.371919, "relative_strength": -16.5272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.763039, "energy": 40.100007, "activity_lines": [ 2.509371, 2.522668, 2.796571, 2.925014 ] }, { "date": "2026-01-30", "close": 2.748422, "volume": 4684100, "typical_volume": 8668980.0, "trend": 2.970159, "fair_value": 2.377294, "relative_strength": -15.503825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.052276, "energy": 29.929324, "activity_lines": [ 2.597878, 2.553243, 2.76899, 2.911735 ] }, { "date": "2026-02-06", "close": 2.748422, "volume": 3987200, "typical_volume": 8575090.0, "trend": 2.989048, "fair_value": 2.383287, "relative_strength": -16.585062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.061458, "energy": 20.871235, "activity_lines": [ 2.665137, 2.585236, 2.745087, 2.89743 ] }, { "date": "2026-02-13", "close": 2.928319, "volume": 5947400, "typical_volume": 8549280.0, "trend": 3.013272, "fair_value": 2.390433, "relative_strength": -13.171879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.164903, "energy": 26.863997, "activity_lines": [ 2.77574, 2.652616, 2.743126, 2.893512 ] }, { "date": "2026-02-20", "close": 3.288112, "volume": 6844000, "typical_volume": 8030485.0, "trend": 3.029324, "fair_value": 2.399942, "relative_strength": -5.114898, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 14.758812, "energy": 27.147846, "activity_lines": [ 2.970961, 2.780315, 2.778111, 2.911243 ] }, { "date": "2026-02-27", "close": 3.038255, "volume": 5511800, "typical_volume": 7555720.0, "trend": 3.036056, "fair_value": 2.408691, "relative_strength": -11.968088, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.249949, "energy": 23.798847, "activity_lines": [ 3.02493, 2.850403, 2.791162, 2.91182 ] }, { "date": "2026-03-06", "close": 2.888342, "volume": 6787700, "typical_volume": 7460065.0, "trend": 3.038783, "fair_value": 2.415525, "relative_strength": -12.343395, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.692871, "energy": 22.525045, "activity_lines": [ 3.004275, 2.881628, 2.789918, 2.90229 ] }, { "date": "2026-03-13", "close": 2.678462, "volume": 7749100, "typical_volume": 7437250.0, "trend": 3.032861, "fair_value": 2.421013, "relative_strength": -18.149973, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.892377, "energy": 17.781639, "activity_lines": [ 2.904332, 2.866354, 2.770232, 2.879043 ] }, { "date": "2026-03-20", "close": 2.658474, "volume": 6272600, "typical_volume": 7056125.0, "trend": 3.020653, "fair_value": 2.426261, "relative_strength": -18.353096, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.304109, "energy": 19.76939, "activity_lines": [ 2.802391, 2.844185, 2.752748, 2.854889 ] }, { "date": "2026-03-27", "close": 2.268698, "volume": 13292900, "typical_volume": 7220885.0, "trend": 2.98785, "fair_value": 2.429348, "relative_strength": -32.336093, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.981173, "energy": 40.639311, "activity_lines": [ 2.588514, 2.746423, 2.704608, 2.806376 ] }, { "date": "2026-04-03", "close": 2.428606, "volume": 6194500, "typical_volume": 6521545.0, "trend": 2.947815, "fair_value": 2.433965, "relative_strength": -30.037653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.643094, "energy": 47.078243, "activity_lines": [ 2.495901, 2.680461, 2.680539, 2.770296 ] }, { "date": "2026-04-10", "close": 2.458588, "volume": 5194800, "typical_volume": 6276130.0, "trend": 2.912415, "fair_value": 2.436696, "relative_strength": -32.495215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.031759, "energy": 57.718187, "activity_lines": [ 2.453925, 2.624312, 2.660039, 2.738733 ] }, { "date": "2026-04-17", "close": 2.358646, "volume": 4660000, "typical_volume": 6157360.0, "trend": 2.865751, "fair_value": 2.439516, "relative_strength": -34.547913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.994966, "energy": 63.324077, "activity_lines": [ 2.407285, 2.55526, 2.631773, 2.703005 ] }, { "date": "2026-04-24", "close": 2.288686, "volume": 5051500, "typical_volume": 5942995.0, "trend": 2.82568, "fair_value": 2.441046, "relative_strength": -34.571715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.334613, "energy": 56.354157, "activity_lines": [ 2.358646, 2.480576, 2.599401, 2.665776 ] }, { "date": "2026-05-01", "close": 2.35, "volume": 5074800, "typical_volume": 5922550.0, "trend": 2.781372, "fair_value": 2.442318, "relative_strength": -31.330592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.066121, "energy": 44.078623, "activity_lines": [ 2.355098, 2.428669, 2.574579, 2.635086 ] }, { "date": "2026-05-08", "close": 2.3, "volume": 4457900, "typical_volume": 5789940.0, "trend": 2.756884, "fair_value": 2.442451, "relative_strength": -31.256944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.731154, "energy": 41.875449, "activity_lines": [ 2.329463, 2.384728, 2.546272, 2.60403 ] }, { "date": "2026-05-15", "close": 2.23, "volume": 4912000, "typical_volume": 5908690.0, "trend": 2.724113, "fair_value": 2.440966, "relative_strength": -30.450845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.192683, "energy": 42.479202, "activity_lines": [ 2.289068, 2.341483, 2.511775, 2.570038 ] }, { "date": "2026-05-22", "close": 2.24, "volume": 2921600, "typical_volume": 5865240.0, "trend": 2.680766, "fair_value": 2.438669, "relative_strength": -29.338336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.327803, "energy": 41.78364, "activity_lines": [ 2.267246, 2.312025, 2.47918, 2.538805 ] }, { "date": "2026-05-29", "close": 2.54, "volume": 4194500, "typical_volume": 5727805.0, "trend": 2.631552, "fair_value": 2.436133, "relative_strength": -18.423222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.148862, "energy": 27.786209, "activity_lines": [ 2.353333, 2.345085, 2.476391, 2.529723 ] }, { "date": "2026-06-05", "close": 2.17, "volume": 422500, "typical_volume": 5462400.0, "trend": 2.566368, "fair_value": 2.429238, "relative_strength": -27.764864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.414354, "energy": 35.688683, "activity_lines": [ 2.299333, 2.313027, 2.43769, 2.499945 ] }, { "date": "2026-06-12", "close": 2.28, "volume": 580100, "typical_volume": 5237050.0, "trend": 2.55642, "fair_value": 2.42445, "relative_strength": -24.481685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.70389, "energy": 30.645181, "activity_lines": [ 2.294, 2.302763, 2.41065, 2.48147 ] }, { "date": "2026-06-19", "close": 2.21, "volume": 1481600, "typical_volume": 5076925.0, "trend": 2.535874, "fair_value": 2.417636, "relative_strength": -25.130696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.970463, "energy": 32.738009, "activity_lines": [ 2.266667, 2.282473, 2.378793, 2.45912 ] }, { "date": "2026-06-26", "close": 2.2, "volume": 598600, "typical_volume": 4907495.0, "trend": 2.512681, "fair_value": 2.410525, "relative_strength": -27.070743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.831532, "energy": 55.461477, "activity_lines": [ 2.237333, 2.264885, 2.348547, 2.437451 ] }, { "date": "2026-07-03", "close": 2.36, "volume": 698600, "typical_volume": 4645055.0, "trend": 2.503086, "fair_value": 2.403269, "relative_strength": -21.986423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.4395, "energy": 39.083187, "activity_lines": [ 2.264, 2.279273, 2.336151, 2.427601 ] }, { "date": "2026-07-10", "close": 2.02, "volume": 21551100, "typical_volume": 5380410.0, "trend": 2.483149, "fair_value": 2.394828, "relative_strength": -34.23743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.66166, "energy": 50.573217, "activity_lines": [ 2.189333, 2.230545, 2.29408, 2.396434 ] }, { "date": "2026-07-17", "close": 1.98, "volume": 7089900, "typical_volume": 5459315.0, "trend": 2.469151, "fair_value": 2.387124, "relative_strength": -33.621409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.118401, "energy": 58.717502, "activity_lines": [ 2.111333, 2.180545, 2.254238, 2.363973 ] }, { "date": "2026-07-24", "close": 1.86, "volume": 5462100, "typical_volume": 5393035.0, "trend": 2.450161, "fair_value": 2.377482, "relative_strength": -37.033275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.476742, "energy": 65.814214, "activity_lines": [ 2.013333, 2.114545, 2.208007, 2.324672 ] }, { "date": "2026-07-31", "close": 1.87, "volume": 1591500, "typical_volume": 5085155.0, "trend": 2.429191, "fair_value": 2.364924, "relative_strength": -37.327284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.445405, "energy": 75.948775, "activity_lines": [ 1.942, 2.057091, 2.167626, 2.287243 ] }, { "date": "2026-08-07", "close": 1.92, "volume": 2758500, "typical_volume": 4909450.0, "trend": 2.413237, "fair_value": 2.353796, "relative_strength": -32.872089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.561969, "energy": 71.487483, "activity_lines": [ 1.909333, 2.015455, 2.135856, 2.254392 ] } ], "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." } } }