{ "ticker": { "uuid": "07af44e3-8749-4c84-b253-680b7aa61891", "symbol": "RNEW3", "name": "Renova Energia 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.605, "architecture_energy": 58.143, "architecture_maturity": 39.905, "architecture_confidence": 94.079, "architecture_tenure": "Developing", "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": 11.87, "rotation_up": 23.88, "upward_expansion": 10.17, "deceleration": 54.71, "rotation_down": 57.2, "downward_expansion": 83.5 }, "activity_lines": [ 0.813333, 0.829636, 0.884952, 0.948129 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 0.85, "trend_reference": 1.017, "distance_from_trend": -0.164208, "trend_direction": "Weakening", "fair_value": 1.696923, "distance_from_fair_value": -0.499093, "fair_value_direction": "Weakening", "relative_strength": -19.467885, "relative_strength_direction": "Improving", "price_momentum": -0.166667, "excess_performance": -0.109618, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.164208, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.028962, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.499093, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.02771, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.194679, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.049579, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.166667, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.798089, "read": "Supply-led" } ], "volume": { "latest": 248000, "relative_activity": 1.050358, "balance": 0.798089, "dry_up": 0.977299, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.085068, "annualized_volatility": 0.453302, "from_high_reference": -0.37037, "from_low_reference": 0.180556 }, "levels": { "trend_reference": 1.017, "fair_value_reference": 1.696923, "structural_low": 0.72, "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": 44, "median_return": -0.02475, "positive_rate": 0.386364, "directional_follow_through": 0.613636, "median_excess_return": -0.044792, "regime_survival": 0.863636, "best_return": 0.417112, "worst_return": -0.464706, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.045685, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.155331, "regime_survival": 0.666667, "best_return": 0.255319, "worst_return": -0.368687, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.147645, "positive_rate": 0.125, "directional_follow_through": 0.75, "median_excess_return": -0.221522, "regime_survival": 0.5, "best_return": 0.19797, "worst_return": -0.502525, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.36452, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.436327, "regime_survival": 0.25, "best_return": -0.141414, "worst_return": -0.458824, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-19", "end": "2024-05-17", "tenure": "Developing", "return": -0.019048, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-24", "end": "2024-09-13", "tenure": "Established", "return": 0.010101, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-10-11", "tenure": "New", "return": 0.122449, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-18", "end": "2024-10-25", "tenure": "New", "return": -0.040984, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-01", "end": "2024-11-15", "tenure": "New", "return": -0.048077, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2025-01-17", "tenure": "Developing", "return": -0.080808, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": 0.153846, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": -0.134021, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2026-02-13", "tenure": "Extended", "return": -0.286517, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": 0.055118, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.141732, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-08", "tenure": "Developing", "return": -0.074074, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-15", "end": "2026-06-19", "tenure": "Developing", "return": -0.030303, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.055556, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2.84, "volume": 916350, "typical_volume": 362640.0, "trend": 3.396, "fair_value": 5.717051, "relative_strength": -28.499884, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.580439, "energy": 44.558628, "activity_lines": [ 3.061333, 3.177455, 3.18819, 3.237763 ] }, { "date": "2023-08-25", "close": 2.94, "volume": 274650, "typical_volume": 371722.5, "trend": 3.352, "fair_value": 5.694615, "relative_strength": -25.563242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.52092, "energy": 49.390547, "activity_lines": [ 3.008, 3.123273, 3.165429, 3.208344 ] }, { "date": "2023-09-01", "close": 2.74, "volume": 390200, "typical_volume": 385240.0, "trend": 3.302667, "fair_value": 5.67141, "relative_strength": -31.311459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.914503, "energy": 57.860717, "activity_lines": [ 2.909333, 3.036364, 3.123714, 3.16886 ] }, { "date": "2023-09-08", "close": 2.58, "volume": 281100, "typical_volume": 392355.0, "trend": 3.255333, "fair_value": 5.647564, "relative_strength": -33.203519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.253198, "energy": 69.67924, "activity_lines": [ 2.777333, 2.933455, 3.068571, 3.122237 ] }, { "date": "2023-09-15", "close": 2.54, "volume": 263350, "typical_volume": 399372.5, "trend": 3.202, "fair_value": 5.623718, "relative_strength": -35.54989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.336733, "energy": 70.250025, "activity_lines": [ 2.664, 2.836727, 3.012952, 3.076086 ] }, { "date": "2023-09-22", "close": 2.12, "volume": 393650, "typical_volume": 411502.5, "trend": 3.135333, "fair_value": 5.599359, "relative_strength": -44.179908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.194851, "energy": 84.168762, "activity_lines": [ 2.461333, 2.680727, 2.920667, 3.00628 ] }, { "date": "2023-09-29", "close": 2.42, "volume": 209850, "typical_volume": 408402.5, "trend": 3.083333, "fair_value": 5.577949, "relative_strength": -35.721597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.592934, "energy": 77.520485, "activity_lines": [ 2.406667, 2.604, 2.861333, 2.960129 ] }, { "date": "2023-10-06", "close": 2.5, "volume": 319200, "typical_volume": 414972.5, "trend": 3.035333, "fair_value": 5.538718, "relative_strength": -31.299784, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.182075, "energy": 70.493337, "activity_lines": [ 2.413333, 2.557091, 2.814, 2.922495 ] }, { "date": "2023-10-13", "close": 2.36, "volume": 134650, "typical_volume": 413050.0, "trend": 3.007333, "fair_value": 5.497179, "relative_strength": -35.1777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.147087, "energy": 66.834997, "activity_lines": [ 2.389333, 2.494545, 2.756476, 2.878925 ] }, { "date": "2023-10-20", "close": 2.22, "volume": 127100, "typical_volume": 407205.0, "trend": 2.978667, "fair_value": 5.462564, "relative_strength": -36.873603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.262733, "energy": 55.066671, "activity_lines": [ 2.333333, 2.419273, 2.688571, 2.828129 ] }, { "date": "2023-10-27", "close": 2.18, "volume": 154350, "typical_volume": 398175.0, "trend": 2.939333, "fair_value": 5.427179, "relative_strength": -37.072339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.243939, "energy": 55.146904, "activity_lines": [ 2.285333, 2.356364, 2.620762, 2.776602 ] }, { "date": "2023-11-03", "close": 2.1, "volume": 184300, "typical_volume": 390340.0, "trend": 2.910667, "fair_value": 5.393205, "relative_strength": -41.001272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.7643, "energy": 63.654041, "activity_lines": [ 2.206667, 2.290909, 2.549429, 2.722452 ] }, { "date": "2023-11-10", "close": 2.28, "volume": 266450, "typical_volume": 355320.0, "trend": 2.882667, "fair_value": 5.36141, "relative_strength": -36.281102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.463593, "energy": 50.431832, "activity_lines": [ 2.209333, 2.273455, 2.50019, 2.681763 ] }, { "date": "2023-11-17", "close": 2.3, "volume": 282750, "typical_volume": 346752.5, "trend": 2.85, "fair_value": 5.325769, "relative_strength": -37.129333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.224851, "energy": 47.367485, "activity_lines": [ 2.233333, 2.268, 2.458476, 2.644172 ] }, { "date": "2023-11-24", "close": 2.12, "volume": 279650, "typical_volume": 342030.0, "trend": 2.812667, "fair_value": 5.281795, "relative_strength": -41.466212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.064865, "energy": 48.318214, "activity_lines": [ 2.201333, 2.234909, 2.404476, 2.597075 ] }, { "date": "2023-12-01", "close": 2.26, "volume": 254050, "typical_volume": 331242.5, "trend": 2.786667, "fair_value": 5.220256, "relative_strength": -38.146314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.584144, "energy": 39.32734, "activity_lines": [ 2.222667, 2.234909, 2.370286, 2.561419 ] }, { "date": "2023-12-08", "close": 2.38, "volume": 841100, "typical_volume": 356770.0, "trend": 2.754667, "fair_value": 5.163718, "relative_strength": -33.536221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.325691, "energy": 28.34509, "activity_lines": [ 2.278667, 2.254182, 2.353333, 2.535183 ] }, { "date": "2023-12-15", "close": 2.38, "volume": 328450, "typical_volume": 339015.0, "trend": 2.728667, "fair_value": 5.102051, "relative_strength": -34.256026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.279742, "energy": 23.85856, "activity_lines": [ 2.316, 2.274182, 2.340571, 2.511011 ] }, { "date": "2023-12-22", "close": 2.42, "volume": 253350, "typical_volume": 328455.0, "trend": 2.71, "fair_value": 5.04641, "relative_strength": -33.566849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.586013, "energy": 18.540542, "activity_lines": [ 2.36, 2.303636, 2.334762, 2.491097 ] }, { "date": "2023-12-29", "close": 2.48, "volume": 226700, "typical_volume": 319062.5, "trend": 2.691333, "fair_value": 4.998205, "relative_strength": -31.765589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.070677, "energy": 15.473745, "activity_lines": [ 2.416, 2.342909, 2.337714, 2.476258 ] }, { "date": "2024-01-05", "close": 2.7, "volume": 492600, "typical_volume": 297875.0, "trend": 2.68, "fair_value": 4.959231, "relative_strength": -23.611898, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.435339, "energy": 17.498195, "activity_lines": [ 2.521333, 2.417455, 2.365524, 2.476817 ] }, { "date": "2024-01-12", "close": 2.96, "volume": 487550, "typical_volume": 308520.0, "trend": 2.674, "fair_value": 4.92141, "relative_strength": -14.858994, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.918623, "energy": 45.409472, "activity_lines": [ 2.684, 2.529818, 2.418762, 2.494882 ] }, { "date": "2024-01-19", "close": 2.66, "volume": 395850, "typical_volume": 308802.5, "trend": 2.647333, "fair_value": 4.883333, "relative_strength": -20.57711, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.607924, "energy": 40.997128, "activity_lines": [ 2.708, 2.572, 2.443333, 2.493978 ] }, { "date": "2024-01-26", "close": 2.58, "volume": 211950, "typical_volume": 305345.0, "trend": 2.622667, "fair_value": 4.844872, "relative_strength": -22.749597, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.747034, "energy": 38.645271, "activity_lines": [ 2.686667, 2.592727, 2.460667, 2.489634 ] }, { "date": "2024-02-02", "close": 2.6, "volume": 235750, "typical_volume": 303965.0, "trend": 2.593333, "fair_value": 4.803846, "relative_strength": -19.961266, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.615949, "energy": 24.396208, "activity_lines": [ 2.661333, 2.612, 2.479905, 2.488172 ] }, { "date": "2024-02-09", "close": 2.62, "volume": 166850, "typical_volume": 292625.0, "trend": 2.564667, "fair_value": 4.76641, "relative_strength": -18.868086, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.386647, "energy": 15.76048, "activity_lines": [ 2.634667, 2.626182, 2.500762, 2.489892 ] }, { "date": "2024-02-16", "close": 2.72, "volume": 115100, "typical_volume": 287887.5, "trend": 2.546667, "fair_value": 4.730641, "relative_strength": -15.146113, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.434621, "energy": 14.66957, "activity_lines": [ 2.646667, 2.652, 2.528762, 2.499914 ] }, { "date": "2024-02-23", "close": 2.78, "volume": 241200, "typical_volume": 283987.5, "trend": 2.538, "fair_value": 4.697436, "relative_strength": -12.561489, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.033429, "energy": 23.069494, "activity_lines": [ 2.694667, 2.682545, 2.561048, 2.514968 ] }, { "date": "2024-03-01", "close": 2.5, "volume": 278900, "typical_volume": 291200.0, "trend": 2.519333, "fair_value": 4.663846, "relative_strength": -20.035578, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.467428, "energy": 10.998757, "activity_lines": [ 2.641333, 2.654909, 2.565333, 2.512516 ] }, { "date": "2024-03-08", "close": 2.44, "volume": 305200, "typical_volume": 300105.0, "trend": 2.490667, "fair_value": 4.62641, "relative_strength": -19.454746, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.94696, "energy": 12.489797, "activity_lines": [ 2.573333, 2.614909, 2.563238, 2.507398 ] }, { "date": "2024-03-15", "close": 2.4, "volume": 291300, "typical_volume": 306952.5, "trend": 2.476, "fair_value": 4.590385, "relative_strength": -19.764219, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.633043, "energy": 12.781069, "activity_lines": [ 2.502667, 2.568364, 2.556286, 2.501548 ] }, { "date": "2024-03-22", "close": 2.44, "volume": 167400, "typical_volume": 306107.5, "trend": 2.459333, "fair_value": 4.550256, "relative_strength": -17.809222, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.691809, "energy": 15.775087, "activity_lines": [ 2.46, 2.534545, 2.552095, 2.499226 ] }, { "date": "2024-03-29", "close": 2.36, "volume": 183250, "typical_volume": 301947.5, "trend": 2.446667, "fair_value": 4.506923, "relative_strength": -20.217908, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.628858, "energy": 21.38366, "activity_lines": [ 2.409333, 2.495636, 2.538667, 2.492817 ] }, { "date": "2024-04-05", "close": 2.32, "volume": 155500, "typical_volume": 295585.0, "trend": 2.438, "fair_value": 4.462821, "relative_strength": -20.022438, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.377745, "energy": 29.350637, "activity_lines": [ 2.373333, 2.454909, 2.521048, 2.484645 ] }, { "date": "2024-04-12", "close": 2.26, "volume": 101200, "typical_volume": 286662.5, "trend": 2.428667, "fair_value": 4.421154, "relative_strength": -20.805921, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.364056, "energy": 40.979404, "activity_lines": [ 2.329333, 2.408, 2.497619, 2.473161 ] }, { "date": "2024-04-19", "close": 2.1, "volume": 180850, "typical_volume": 283002.5, "trend": 2.428, "fair_value": 4.379615, "relative_strength": -24.996948, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.644317, "energy": 53.165733, "activity_lines": [ 2.244, 2.338182, 2.458286, 2.451957 ] }, { "date": "2024-04-26", "close": 2.1, "volume": 64850, "typical_volume": 244190.0, "trend": 2.417333, "fair_value": 4.337308, "relative_strength": -24.896823, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.755743, "energy": 60.410063, "activity_lines": [ 2.178667, 2.277818, 2.419714, 2.430796 ] }, { "date": "2024-05-03", "close": 2.28, "volume": 148150, "typical_volume": 235175.0, "trend": 2.41, "fair_value": 4.293077, "relative_strength": -18.929661, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.107198, "energy": 51.652195, "activity_lines": [ 2.196, 2.261455, 2.399619, 2.421935 ] }, { "date": "2024-05-10", "close": 2.1, "volume": 74900, "typical_volume": 226252.5, "trend": 2.401333, "fair_value": 4.248077, "relative_strength": -23.838573, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.349097, "energy": 52.956386, "activity_lines": [ 2.158667, 2.221455, 2.362857, 2.401935 ] }, { "date": "2024-05-17", "close": 2.06, "volume": 180050, "typical_volume": 223920.0, "trend": 2.396, "fair_value": 4.200641, "relative_strength": -24.776412, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.949702, "energy": 59.167981, "activity_lines": [ 2.122667, 2.181455, 2.32381, 2.379914 ] }, { "date": "2024-05-24", "close": 1.98, "volume": 197050, "typical_volume": 209142.5, "trend": 2.389333, "fair_value": 4.153077, "relative_strength": -24.72006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.120248, "energy": 60.41088, "activity_lines": [ 2.073333, 2.133818, 2.279143, 2.353075 ] }, { "date": "2024-05-31", "close": 1.98, "volume": 69100, "typical_volume": 188220.0, "trend": 2.385333, "fair_value": 4.103462, "relative_strength": -22.599536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.829503, "energy": 73.948941, "activity_lines": [ 2.032, 2.093818, 2.237905, 2.326667 ] }, { "date": "2024-06-07", "close": 1.96, "volume": 52850, "typical_volume": 171070.0, "trend": 2.374667, "fair_value": 4.050641, "relative_strength": -21.837495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.945934, "energy": 79.220051, "activity_lines": [ 1.992, 2.058545, 2.199429, 2.299226 ] }, { "date": "2024-06-14", "close": 1.9, "volume": 104550, "typical_volume": 165700.0, "trend": 2.361333, "fair_value": 4.001154, "relative_strength": -22.775098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.59871, "energy": 84.51859, "activity_lines": [ 1.953333, 2.019636, 2.158571, 2.268602 ] }, { "date": "2024-06-21", "close": 1.9, "volume": 149450, "typical_volume": 161385.0, "trend": 2.354, "fair_value": 3.957308, "relative_strength": -22.875393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.829999, "energy": 82.81336, "activity_lines": [ 1.928, 1.988364, 2.120952, 2.238839 ] }, { "date": "2024-06-28", "close": 1.82, "volume": 202200, "typical_volume": 163152.5, "trend": 2.339333, "fair_value": 3.912051, "relative_strength": -26.720741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.842537, "energy": 87.082669, "activity_lines": [ 1.886667, 1.949091, 2.079048, 2.204387 ] }, { "date": "2024-07-05", "close": 1.84, "volume": 85800, "typical_volume": 161687.5, "trend": 2.321333, "fair_value": 3.871538, "relative_strength": -26.260435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.817098, "energy": 81.603834, "activity_lines": [ 1.862667, 1.918545, 2.042857, 2.172172 ] }, { "date": "2024-07-12", "close": 1.8, "volume": 115700, "typical_volume": 155412.5, "trend": 2.302, "fair_value": 3.829872, "relative_strength": -28.246104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.874747, "energy": 76.252234, "activity_lines": [ 1.834667, 1.885455, 2.007048, 2.138538 ] }, { "date": "2024-07-19", "close": 1.82, "volume": 171950, "typical_volume": 150065.0, "trend": 2.282, "fair_value": 3.783077, "relative_strength": -25.777697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.202433, "energy": 68.513301, "activity_lines": [ 1.824, 1.864727, 1.97781, 2.107441 ] }, { "date": "2024-07-26", "close": 1.78, "volume": 158450, "typical_volume": 142727.5, "trend": 2.258667, "fair_value": 3.743205, "relative_strength": -26.504787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.41984, "energy": 62.844947, "activity_lines": [ 1.805333, 1.841818, 1.948, 2.075054 ] }, { "date": "2024-08-02", "close": 1.78, "volume": 86550, "typical_volume": 132490.0, "trend": 2.228, "fair_value": 3.706026, "relative_strength": -24.674248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.822783, "energy": 62.737572, "activity_lines": [ 1.794667, 1.824, 1.921333, 2.044172 ] }, { "date": "2024-08-09", "close": 1.68, "volume": 172900, "typical_volume": 132765.0, "trend": 2.185333, "fair_value": 3.670385, "relative_strength": -30.422218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.394767, "energy": 68.266547, "activity_lines": [ 1.753333, 1.791636, 1.888095, 2.008817 ] }, { "date": "2024-08-16", "close": 1.96, "volume": 408000, "typical_volume": 144002.5, "trend": 2.162, "fair_value": 3.636154, "relative_strength": -20.018668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.810335, "energy": 43.421822, "activity_lines": [ 1.816, 1.815636, 1.885143, 1.99428 ] }, { "date": "2024-08-23", "close": 2.04, "volume": 377250, "typical_volume": 155090.0, "trend": 2.144, "fair_value": 3.598462, "relative_strength": -16.86673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.681088, "energy": 20.842555, "activity_lines": [ 1.894667, 1.854182, 1.891714, 1.986409 ] }, { "date": "2024-08-30", "close": 2.04, "volume": 154700, "typical_volume": 157765.0, "trend": 2.125333, "fair_value": 3.568462, "relative_strength": -16.376332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.494441, "energy": 18.287585, "activity_lines": [ 1.958667, 1.890182, 1.899619, 1.979699 ] }, { "date": "2024-09-06", "close": 2.14, "volume": 107000, "typical_volume": 154072.5, "trend": 2.109333, "fair_value": 3.540641, "relative_strength": -10.724229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.342964, "energy": 27.461053, "activity_lines": [ 2.038667, 1.941818, 1.918095, 1.980645 ] }, { "date": "2024-09-13", "close": 2.0, "volume": 231800, "typical_volume": 162420.0, "trend": 2.085333, "fair_value": 3.512308, "relative_strength": -16.162674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.164166, "energy": 22.737917, "activity_lines": [ 2.048, 1.962182, 1.923048, 1.973591 ] }, { "date": "2024-09-20", "close": 1.96, "volume": 147800, "typical_volume": 162402.5, "trend": 2.058, "fair_value": 3.483846, "relative_strength": -15.140323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.370358, "energy": 17.271342, "activity_lines": [ 2.022667, 1.972364, 1.924667, 1.965505 ] }, { "date": "2024-09-27", "close": 2.24, "volume": 551000, "typical_volume": 186207.5, "trend": 2.049333, "fair_value": 3.457692, "relative_strength": -3.826397, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.995079, "energy": 34.273666, "activity_lines": [ 2.090667, 2.030545, 1.954476, 1.977247 ] }, { "date": "2024-10-04", "close": 2.08, "volume": 532850, "typical_volume": 203847.5, "trend": 2.037333, "fair_value": 3.430769, "relative_strength": -9.453572, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.253599, "energy": 16.485306, "activity_lines": [ 2.092, 2.052, 1.968381, 1.979226 ] }, { "date": "2024-10-11", "close": 2.2, "volume": 433850, "typical_volume": 215687.5, "trend": 2.030667, "fair_value": 3.404872, "relative_strength": -2.531104, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.986063, "energy": 24.113347, "activity_lines": [ 2.130667, 2.089818, 1.993619, 1.98972 ] }, { "date": "2024-10-18", "close": 2.44, "volume": 499300, "typical_volume": 237197.5, "trend": 2.030667, "fair_value": 3.38359, "relative_strength": 7.79191, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.836575, "energy": 46.981798, "activity_lines": [ 2.245333, 2.163636, 2.040667, 2.016129 ] }, { "date": "2024-10-25", "close": 2.34, "volume": 382250, "typical_volume": 253667.5, "trend": 2.03, "fair_value": 3.362436, "relative_strength": 3.99784, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.551655, "energy": 49.095487, "activity_lines": [ 2.297333, 2.205455, 2.076, 2.036086 ] }, { "date": "2024-11-01", "close": 2.08, "volume": 330200, "typical_volume": 264950.0, "trend": 2.022, "fair_value": 3.340513, "relative_strength": -6.11865, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.157378, "energy": 38.974405, "activity_lines": [ 2.237333, 2.193091, 2.084762, 2.039312 ] }, { "date": "2024-11-08", "close": 2.16, "volume": 228250, "typical_volume": 268890.0, "trend": 2.018667, "fair_value": 3.314872, "relative_strength": -2.067816, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.79027, "energy": 30.640223, "activity_lines": [ 2.214667, 2.194545, 2.100286, 2.048215 ] }, { "date": "2024-11-15", "close": 1.98, "volume": 224750, "typical_volume": 270017.5, "trend": 2.014667, "fair_value": 3.292308, "relative_strength": -9.911258, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.237848, "energy": 14.092467, "activity_lines": [ 2.126667, 2.161091, 2.097429, 2.04572 ] }, { "date": "2024-11-22", "close": 1.98, "volume": 137200, "typical_volume": 272587.5, "trend": 2.010667, "fair_value": 3.272949, "relative_strength": -10.68688, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.610855, "energy": 16.970026, "activity_lines": [ 2.053333, 2.130545, 2.09381, 2.043484 ] }, { "date": "2024-11-29", "close": 1.98, "volume": 148850, "typical_volume": 274245.0, "trend": 2.000667, "fair_value": 3.254487, "relative_strength": -8.03495, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.319817, "energy": 16.744906, "activity_lines": [ 2.010667, 2.100364, 2.089524, 2.041505 ] }, { "date": "2024-12-06", "close": 1.96, "volume": 111400, "typical_volume": 271217.5, "trend": 1.996, "fair_value": 3.236795, "relative_strength": -8.841073, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.383811, "energy": 17.797554, "activity_lines": [ 1.985333, 2.066182, 2.082476, 2.038882 ] }, { "date": "2024-12-13", "close": 1.88, "volume": 94200, "typical_volume": 268005.0, "trend": 1.99, "fair_value": 3.219615, "relative_strength": -11.306767, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.735357, "energy": 23.81061, "activity_lines": [ 1.941333, 2.022545, 2.067143, 2.031398 ] }, { "date": "2024-12-20", "close": 1.94, "volume": 311100, "typical_volume": 279232.5, "trend": 1.988667, "fair_value": 3.201154, "relative_strength": -6.346851, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.155414, "energy": 21.995022, "activity_lines": [ 1.936, 1.993455, 2.057048, 2.028172 ] }, { "date": "2024-12-27", "close": 1.92, "volume": 80650, "typical_volume": 274620.0, "trend": 1.986667, "fair_value": 3.181795, "relative_strength": -5.630382, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.870443, "energy": 23.761176, "activity_lines": [ 1.926667, 1.965455, 2.044286, 2.023742 ] }, { "date": "2025-01-03", "close": 1.92, "volume": 72800, "typical_volume": 257860.0, "trend": 1.985333, "fair_value": 3.165513, "relative_strength": -3.783089, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.345448, "energy": 24.092019, "activity_lines": [ 1.921333, 1.946909, 2.030381, 2.019441 ] }, { "date": "2025-01-10", "close": 1.94, "volume": 117350, "typical_volume": 244865.0, "trend": 1.986667, "fair_value": 3.148974, "relative_strength": -2.345011, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.684009, "energy": 14.622759, "activity_lines": [ 1.926667, 1.939636, 2.018571, 2.016516 ] }, { "date": "2025-01-17", "close": 1.82, "volume": 166150, "typical_volume": 245437.5, "trend": 1.984, "fair_value": 3.128718, "relative_strength": -10.386757, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.978913, "energy": 31.680889, "activity_lines": [ 1.893333, 1.913091, 1.99581, 2.005763 ] }, { "date": "2025-01-24", "close": 1.82, "volume": 115250, "typical_volume": 245850.0, "trend": 1.984, "fair_value": 3.109487, "relative_strength": -9.921188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -34.464877, "energy": 40.307522, "activity_lines": [ 1.864, 1.892727, 1.974095, 1.995183 ] }, { "date": "2025-01-31", "close": 1.92, "volume": 194150, "typical_volume": 243967.5, "trend": 1.986667, "fair_value": 3.086026, "relative_strength": -7.185485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -26.992803, "energy": 32.482031, "activity_lines": [ 1.876, 1.893455, 1.963429, 1.991054 ] }, { "date": "2025-02-07", "close": 2.1, "volume": 507200, "typical_volume": 261937.5, "trend": 1.996667, "fair_value": 3.069359, "relative_strength": 3.188016, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 4.491145, "energy": 7.382295, "activity_lines": [ 1.948, 1.928, 1.970286, 1.998366 ] }, { "date": "2025-02-14", "close": 1.94, "volume": 644100, "typical_volume": 266592.5, "trend": 2.000667, "fair_value": 3.052821, "relative_strength": -6.691145, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.92658, "energy": 15.062977, "activity_lines": [ 1.954667, 1.931273, 1.961238, 1.99471 ] }, { "date": "2025-02-21", "close": 1.78, "volume": 330050, "typical_volume": 256452.5, "trend": 2.000667, "fair_value": 3.038974, "relative_strength": -12.879254, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.19139, "energy": 20.411742, "activity_lines": [ 1.908, 1.905818, 1.938381, 1.980473 ] }, { "date": "2025-02-28", "close": 1.68, "volume": 231100, "typical_volume": 246315.0, "trend": 1.997333, "fair_value": 3.024231, "relative_strength": -14.293293, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.633977, "energy": 34.167576, "activity_lines": [ 1.830667, 1.864, 1.907429, 1.959785 ] }, { "date": "2025-03-07", "close": 1.78, "volume": 173700, "typical_volume": 230035.0, "trend": 2.000667, "fair_value": 3.011667, "relative_strength": -10.278861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.173355, "energy": 50.458928, "activity_lines": [ 1.796, 1.845091, 1.888476, 1.945763 ] }, { "date": "2025-03-14", "close": 1.72, "volume": 294350, "typical_volume": 225640.0, "trend": 1.992667, "fair_value": 2.999744, "relative_strength": -15.365641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.432145, "energy": 59.867384, "activity_lines": [ 1.750667, 1.817818, 1.866952, 1.927656 ] }, { "date": "2025-03-21", "close": 1.88, "volume": 364750, "typical_volume": 227367.5, "trend": 1.987333, "fair_value": 2.987692, "relative_strength": -9.307132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.194089, "energy": 48.252212, "activity_lines": [ 1.784, 1.823273, 1.863619, 1.920387 ] }, { "date": "2025-03-28", "close": 2.02, "volume": 213000, "typical_volume": 226605.0, "trend": 1.986667, "fair_value": 2.974487, "relative_strength": -1.85162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.056047, "energy": 12.761885, "activity_lines": [ 1.868, 1.855273, 1.874571, 1.922495 ] }, { "date": "2025-04-04", "close": 1.86, "volume": 195800, "typical_volume": 225157.5, "trend": 1.977333, "fair_value": 2.962949, "relative_strength": -5.899351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.897217, "energy": 14.985383, "activity_lines": [ 1.882667, 1.854545, 1.870952, 1.914323 ] }, { "date": "2025-04-11", "close": 1.72, "volume": 264100, "typical_volume": 231502.5, "trend": 1.968, "fair_value": 2.950513, "relative_strength": -12.789526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.534377, "energy": 19.967825, "activity_lines": [ 1.838667, 1.827636, 1.854571, 1.89772 ] }, { "date": "2025-04-18", "close": 1.72, "volume": 158750, "typical_volume": 231997.5, "trend": 1.96, "fair_value": 2.938718, "relative_strength": -13.735616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.832611, "energy": 24.103253, "activity_lines": [ 1.798667, 1.804364, 1.839429, 1.88172 ] }, { "date": "2025-04-25", "close": 1.72, "volume": 181300, "typical_volume": 235492.5, "trend": 1.942667, "fair_value": 2.927692, "relative_strength": -16.594104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.922222, "energy": 38.874036, "activity_lines": [ 1.758667, 1.788, 1.825524, 1.866237 ] }, { "date": "2025-05-02", "close": 1.68, "volume": 190100, "typical_volume": 240287.5, "trend": 1.929333, "fair_value": 2.915128, "relative_strength": -18.22633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.740169, "energy": 50.246519, "activity_lines": [ 1.716, 1.768364, 1.808952, 1.84929 ] }, { "date": "2025-05-09", "close": 1.78, "volume": 235000, "typical_volume": 236482.5, "trend": 1.915333, "fair_value": 2.901795, "relative_strength": -13.860954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.28512, "energy": 42.612616, "activity_lines": [ 1.729333, 1.768727, 1.802857, 1.839656 ] }, { "date": "2025-05-16", "close": 1.82, "volume": 188400, "typical_volume": 241870.0, "trend": 1.894667, "fair_value": 2.888205, "relative_strength": -13.287574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.062235, "energy": 27.797329, "activity_lines": [ 1.761333, 1.774545, 1.801333, 1.833505 ] }, { "date": "2025-05-23", "close": 1.7, "volume": 85750, "typical_volume": 242517.5, "trend": 1.873333, "fair_value": 2.875, "relative_strength": -17.827269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.349258, "energy": 28.35439, "activity_lines": [ 1.746667, 1.757818, 1.788857, 1.820946 ] }, { "date": "2025-05-30", "close": 1.7, "volume": 79150, "typical_volume": 240607.5, "trend": 1.860667, "fair_value": 2.862436, "relative_strength": -16.943892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.602161, "energy": 26.422991, "activity_lines": [ 1.733333, 1.741455, 1.777429, 1.809763 ] }, { "date": "2025-06-06", "close": 1.3, "volume": 765400, "typical_volume": 270570.0, "trend": 1.832, "fair_value": 2.84859, "relative_strength": -35.500314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.301314, "energy": 66.35769, "activity_lines": [ 1.588, 1.655636, 1.729048, 1.773591 ] }, { "date": "2025-06-13", "close": 1.16, "volume": 284000, "typical_volume": 279007.5, "trend": 1.804667, "fair_value": 2.832821, "relative_strength": -42.356708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.242545, "energy": 86.383886, "activity_lines": [ 1.421333, 1.557455, 1.66981, 1.730237 ] }, { "date": "2025-06-20", "close": 1.12, "volume": 93500, "typical_volume": 273975.0, "trend": 1.776, "fair_value": 2.816154, "relative_strength": -43.752612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.438381, "energy": 93.980417, "activity_lines": [ 1.282667, 1.464727, 1.609905, 1.686065 ] }, { "date": "2025-06-27", "close": 0.91, "volume": 455300, "typical_volume": 271380.0, "trend": 1.740333, "fair_value": 2.798013, "relative_strength": -53.722834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.024346, "energy": 96.841902, "activity_lines": [ 1.120667, 1.344727, 1.53381, 1.630194 ] }, { "date": "2025-07-04", "close": 0.97, "volume": 488600, "typical_volume": 263605.0, "trend": 1.707333, "fair_value": 2.777692, "relative_strength": -51.781636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.831594, "energy": 91.832351, "activity_lines": [ 1.031333, 1.250364, 1.469095, 1.580495 ] }, { "date": "2025-07-11", "close": 0.98, "volume": 227300, "typical_volume": 258467.5, "trend": 1.677333, "fair_value": 2.753846, "relative_strength": -48.92433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.769936, "energy": 89.620916, "activity_lines": [ 0.994, 1.171455, 1.409952, 1.53357 ] }, { "date": "2025-07-18", "close": 1.4, "volume": 851700, "typical_volume": 289497.5, "trend": 1.659333, "fair_value": 2.730513, "relative_strength": -25.115435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.634606, "energy": 63.366417, "activity_lines": [ 1.118, 1.181636, 1.394619, 1.515677 ] }, { "date": "2025-07-25", "close": 1.21, "volume": 499600, "typical_volume": 305792.5, "trend": 1.635667, "fair_value": 2.704295, "relative_strength": -34.909611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.255239, "energy": 49.714155, "activity_lines": [ 1.162667, 1.164182, 1.362524, 1.486688 ] }, { "date": "2025-08-01", "close": 1.21, "volume": 141000, "typical_volume": 298125.0, "trend": 1.612, "fair_value": 2.674744, "relative_strength": -33.918343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.293796, "energy": 35.368631, "activity_lines": [ 1.201333, 1.157818, 1.333143, 1.459226 ] }, { "date": "2025-08-08", "close": 1.04, "volume": 164000, "typical_volume": 288087.5, "trend": 1.582, "fair_value": 2.646923, "relative_strength": -44.251133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.454668, "energy": 34.768279, "activity_lines": [ 1.163333, 1.129455, 1.29, 1.422323 ] }, { "date": "2025-08-15", "close": 1.04, "volume": 205400, "typical_volume": 287707.5, "trend": 1.556, "fair_value": 2.619231, "relative_strength": -43.875377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.789616, "energy": 43.045224, "activity_lines": [ 1.120667, 1.113091, 1.250857, 1.387355 ] }, { "date": "2025-08-22", "close": 1.0, "volume": 93600, "typical_volume": 282597.5, "trend": 1.528667, "fair_value": 2.595385, "relative_strength": -46.075628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.495456, "energy": 51.006213, "activity_lines": [ 1.060667, 1.094182, 1.212571, 1.351484 ] }, { "date": "2025-08-29", "close": 1.04, "volume": 125300, "typical_volume": 275657.5, "trend": 1.499333, "fair_value": 2.575897, "relative_strength": -44.68324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.957951, "energy": 49.895547, "activity_lines": [ 1.040667, 1.085455, 1.18219, 1.319957 ] }, { "date": "2025-09-05", "close": 1.1, "volume": 373600, "typical_volume": 286400.0, "trend": 1.466, "fair_value": 2.554103, "relative_strength": -41.295954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.588592, "energy": 47.114728, "activity_lines": [ 1.052, 1.089091, 1.160762, 1.294194 ] }, { "date": "2025-09-12", "close": 1.18, "volume": 399800, "typical_volume": 297325.0, "trend": 1.440667, "fair_value": 2.535385, "relative_strength": -36.253959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.958783, "energy": 37.066371, "activity_lines": [ 1.097333, 1.103818, 1.149905, 1.275742 ] }, { "date": "2025-09-19", "close": 1.14, "volume": 178100, "typical_volume": 296725.0, "trend": 1.419333, "fair_value": 2.512949, "relative_strength": -39.291249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.055033, "energy": 24.806122, "activity_lines": [ 1.12, 1.107455, 1.13781, 1.256344 ] }, { "date": "2025-09-26", "close": 1.08, "volume": 212300, "typical_volume": 295590.0, "trend": 1.399333, "fair_value": 2.489103, "relative_strength": -41.495192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.18615, "energy": 23.615609, "activity_lines": [ 1.116, 1.097273, 1.122571, 1.234452 ] }, { "date": "2025-10-03", "close": 1.05, "volume": 212200, "typical_volume": 296780.0, "trend": 1.375, "fair_value": 2.463013, "relative_strength": -41.880226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.875628, "energy": 26.22828, "activity_lines": [ 1.096667, 1.087455, 1.10781, 1.211914 ] }, { "date": "2025-10-10", "close": 1.04, "volume": 277600, "typical_volume": 306372.5, "trend": 1.352333, "fair_value": 2.439295, "relative_strength": -40.116835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.23397, "energy": 33.556212, "activity_lines": [ 1.073333, 1.078727, 1.095762, 1.190301 ] }, { "date": "2025-10-17", "close": 1.05, "volume": 139400, "typical_volume": 309385.0, "trend": 1.324667, "fair_value": 2.416026, "relative_strength": -39.617431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.931401, "energy": 41.226924, "activity_lines": [ 1.057333, 1.074909, 1.08781, 1.170796 ] }, { "date": "2025-10-24", "close": 1.03, "volume": 246100, "typical_volume": 283420.0, "trend": 1.291667, "fair_value": 2.389295, "relative_strength": -40.862611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.440974, "energy": 50.894121, "activity_lines": [ 1.043333, 1.067273, 1.081048, 1.151785 ] }, { "date": "2025-10-31", "close": 0.98, "volume": 775600, "typical_volume": 308000.0, "trend": 1.262333, "fair_value": 2.364295, "relative_strength": -44.12762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.465507, "energy": 58.010159, "activity_lines": [ 1.02, 1.050727, 1.07081, 1.131677 ] }, { "date": "2025-11-07", "close": 0.99, "volume": 103600, "typical_volume": 308505.0, "trend": 1.238, "fair_value": 2.339744, "relative_strength": -44.257879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.461849, "energy": 62.512672, "activity_lines": [ 1.006667, 1.036364, 1.062381, 1.114108 ] }, { "date": "2025-11-14", "close": 0.98, "volume": 200500, "typical_volume": 295765.0, "trend": 1.213333, "fair_value": 2.318333, "relative_strength": -45.258952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.292619, "energy": 58.224892, "activity_lines": [ 0.994, 1.021091, 1.053619, 1.097462 ] }, { "date": "2025-11-21", "close": 0.93, "volume": 146800, "typical_volume": 278675.0, "trend": 1.187, "fair_value": 2.297885, "relative_strength": -46.205347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.358342, "energy": 60.501198, "activity_lines": [ 0.968667, 0.998909, 1.039762, 1.079183 ] }, { "date": "2025-11-28", "close": 0.9, "volume": 235600, "typical_volume": 279090.0, "trend": 1.161, "fair_value": 2.278782, "relative_strength": -48.452416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.972033, "energy": 64.087258, "activity_lines": [ 0.941333, 0.975818, 1.023238, 1.060667 ] }, { "date": "2025-12-05", "close": 0.91, "volume": 206400, "typical_volume": 246825.0, "trend": 1.132, "fair_value": 2.259231, "relative_strength": -46.39716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.786948, "energy": 66.799635, "activity_lines": [ 0.926, 0.958909, 1.008048, 1.044473 ] }, { "date": "2025-12-12", "close": 0.89, "volume": 92200, "typical_volume": 226455.0, "trend": 1.101, "fair_value": 2.240192, "relative_strength": -47.794146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.622384, "energy": 80.014061, "activity_lines": [ 0.908667, 0.941455, 0.993286, 1.02886 ] }, { "date": "2025-12-19", "close": 0.88, "volume": 114500, "typical_volume": 225130.0, "trend": 1.073667, "fair_value": 2.219679, "relative_strength": -46.63357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.412779, "energy": 79.683654, "activity_lines": [ 0.894667, 0.925091, 0.979095, 1.014602 ] }, { "date": "2025-12-26", "close": 0.93, "volume": 145000, "typical_volume": 224180.0, "trend": 1.048, "fair_value": 2.199615, "relative_strength": -43.385475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.358503, "energy": 67.617822, "activity_lines": [ 0.904, 0.920727, 0.971238, 1.005333 ] }, { "date": "2026-01-02", "close": 1.02, "volume": 231900, "typical_volume": 225505.0, "trend": 1.038667, "fair_value": 2.180513, "relative_strength": -36.592417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.452287, "energy": 30.709645, "activity_lines": [ 0.943333, 0.934909, 0.972476, 1.003527 ] }, { "date": "2026-01-09", "close": 1.03, "volume": 268900, "typical_volume": 234270.0, "trend": 1.034333, "fair_value": 2.1625, "relative_strength": -35.846938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.739407, "energy": 17.831374, "activity_lines": [ 0.978, 0.951091, 0.974762, 1.002968 ] }, { "date": "2026-01-16", "close": 1.0, "volume": 172500, "typical_volume": 236630.0, "trend": 1.030333, "fair_value": 2.142628, "relative_strength": -37.173144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.072768, "energy": 23.772782, "activity_lines": [ 0.994667, 0.960909, 0.974048, 1.000753 ] }, { "date": "2026-01-23", "close": 1.01, "volume": 481600, "typical_volume": 242030.0, "trend": 1.033667, "fair_value": 2.121795, "relative_strength": -40.439665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.905408, "energy": 22.166349, "activity_lines": [ 1.007333, 0.972364, 0.974476, 0.999441 ] }, { "date": "2026-01-30", "close": 1.09, "volume": 401100, "typical_volume": 242095.0, "trend": 1.037667, "fair_value": 2.101731, "relative_strength": -35.402843, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 29.629994, "energy": 28.761099, "activity_lines": [ 1.038, 0.997818, 0.982952, 1.003075 ] }, { "date": "2026-02-06", "close": 1.02, "volume": 430900, "typical_volume": 254735.0, "trend": 1.039, "fair_value": 2.082628, "relative_strength": -38.645303, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.544071, "energy": 14.585037, "activity_lines": [ 1.034667, 1.007636, 0.98519, 1.001935 ] }, { "date": "2026-02-13", "close": 1.27, "volume": 471000, "typical_volume": 267670.0, "trend": 1.034667, "fair_value": 2.064231, "relative_strength": -23.703744, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 45.877764, "energy": 52.295136, "activity_lines": [ 1.114667, 1.060727, 1.01181, 1.016839 ] }, { "date": "2026-02-20", "close": 1.27, "volume": 323900, "typical_volume": 273255.0, "trend": 1.036667, "fair_value": 2.045962, "relative_strength": -24.134552, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.489481, "energy": 65.216018, "activity_lines": [ 1.178667, 1.107273, 1.037524, 1.032022 ] }, { "date": "2026-02-27", "close": 1.34, "volume": 521500, "typical_volume": 285450.0, "trend": 1.041, "fair_value": 2.029038, "relative_strength": -18.031174, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 79.890597, "energy": 80.207547, "activity_lines": [ 1.248, 1.159636, 1.068857, 1.051591 ] }, { "date": "2026-03-06", "close": 1.27, "volume": 648600, "typical_volume": 310910.0, "trend": 1.048667, "fair_value": 2.011923, "relative_strength": -16.911902, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.836248, "energy": 75.531953, "activity_lines": [ 1.272, 1.190909, 1.092095, 1.066366 ] }, { "date": "2026-03-13", "close": 1.24, "volume": 193100, "typical_volume": 308260.0, "trend": 1.055333, "fair_value": 1.999359, "relative_strength": -16.900542, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.03407, "energy": 66.678282, "activity_lines": [ 1.274, 1.210545, 1.111429, 1.07871 ] }, { "date": "2026-03-20", "close": 1.17, "volume": 168900, "typical_volume": 277925.0, "trend": 1.061, "fair_value": 1.987115, "relative_strength": -19.560192, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.127801, "energy": 41.980632, "activity_lines": [ 1.238, 1.213455, 1.123095, 1.086108 ] }, { "date": "2026-03-27", "close": 1.09, "volume": 230000, "typical_volume": 284245.0, "trend": 1.062667, "fair_value": 1.972564, "relative_strength": -25.650808, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.552539, "energy": 23.30336, "activity_lines": [ 1.182, 1.199273, 1.126238, 1.087978 ] }, { "date": "2026-04-03", "close": 1.08, "volume": 316700, "typical_volume": 290055.0, "trend": 1.062, "fair_value": 1.960513, "relative_strength": -27.341854, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.053747, "energy": 19.91486, "activity_lines": [ 1.134667, 1.181636, 1.127952, 1.089097 ] }, { "date": "2026-04-10", "close": 1.12, "volume": 704800, "typical_volume": 317955.0, "trend": 1.06, "fair_value": 1.947692, "relative_strength": -26.803196, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.563693, "energy": 20.772858, "activity_lines": [ 1.118, 1.17, 1.133, 1.092839 ] }, { "date": "2026-04-17", "close": 1.07, "volume": 551800, "typical_volume": 333765.0, "trend": 1.057667, "fair_value": 1.933526, "relative_strength": -28.112286, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.627475, "energy": 17.873009, "activity_lines": [ 1.094667, 1.148727, 1.132381, 1.093484 ] }, { "date": "2026-04-24", "close": 1.08, "volume": 294300, "typical_volume": 338160.0, "trend": 1.057667, "fair_value": 1.919679, "relative_strength": -24.180606, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.80161, "energy": 13.048567, "activity_lines": [ 1.086, 1.128364, 1.131905, 1.094925 ] }, { "date": "2026-05-01", "close": 1.02, "volume": 308400, "typical_volume": 348970.0, "trend": 1.056667, "fair_value": 1.906731, "relative_strength": -25.74675, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.966336, "energy": 11.409346, "activity_lines": [ 1.063333, 1.100545, 1.124905, 1.092495 ] }, { "date": "2026-05-08", "close": 1.0, "volume": 189600, "typical_volume": 352725.0, "trend": 1.055333, "fair_value": 1.891731, "relative_strength": -24.425761, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.588278, "energy": 25.375259, "activity_lines": [ 1.038667, 1.073636, 1.115381, 1.088839 ] }, { "date": "2026-05-15", "close": 0.99, "volume": 287900, "typical_volume": 359870.0, "trend": 1.053333, "fair_value": 1.877821, "relative_strength": -20.712214, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.955278, "energy": 39.421675, "activity_lines": [ 1.016, 1.051091, 1.104333, 1.084624 ] }, { "date": "2026-05-22", "close": 0.92, "volume": 431800, "typical_volume": 369865.0, "trend": 1.049667, "fair_value": 1.864615, "relative_strength": -24.400951, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.414835, "energy": 53.020524, "activity_lines": [ 0.978667, 1.020909, 1.086333, 1.076022 ] }, { "date": "2026-05-29", "close": 0.91, "volume": 63500, "typical_volume": 359595.0, "trend": 1.047333, "fair_value": 1.850962, "relative_strength": -22.635941, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.034868, "energy": 57.782617, "activity_lines": [ 0.948, 0.994727, 1.067857, 1.067011 ] }, { "date": "2026-06-05", "close": 0.92, "volume": 14700, "typical_volume": 351705.0, "trend": 1.045, "fair_value": 1.837372, "relative_strength": -18.62904, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.936572, "energy": 62.528681, "activity_lines": [ 0.932, 0.975091, 1.050905, 1.058796 ] }, { "date": "2026-06-12", "close": 0.94, "volume": 86900, "typical_volume": 331970.0, "trend": 1.043667, "fair_value": 1.823269, "relative_strength": -17.182102, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.224661, "energy": 58.399203, "activity_lines": [ 0.929333, 0.962182, 1.036238, 1.052022 ] }, { "date": "2026-06-19", "close": 0.96, "volume": 38400, "typical_volume": 313835.0, "trend": 1.044667, "fair_value": 1.807244, "relative_strength": -13.516834, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.544738, "energy": 50.169373, "activity_lines": [ 0.937333, 0.955455, 1.02381, 1.046624 ] }, { "date": "2026-06-26", "close": 0.9, "volume": 15200, "typical_volume": 293050.0, "trend": 1.044667, "fair_value": 1.791731, "relative_strength": -20.793207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.659371, "energy": 56.538477, "activity_lines": [ 0.927333, 0.940727, 1.006286, 1.03729 ] }, { "date": "2026-07-03", "close": 0.8, "volume": 32500, "typical_volume": 271125.0, "trend": 1.041, "fair_value": 1.774551, "relative_strength": -29.517936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.484807, "energy": 72.063295, "activity_lines": [ 0.885333, 0.910909, 0.97981, 1.021505 ] }, { "date": "2026-07-10", "close": 0.81, "volume": 232700, "typical_volume": 266565.0, "trend": 1.038333, "fair_value": 1.757436, "relative_strength": -29.531597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.279244, "energy": 85.366932, "activity_lines": [ 0.854, 0.888, 0.956524, 1.006602 ] }, { "date": "2026-07-17", "close": 0.79, "volume": 133000, "typical_volume": 247140.0, "trend": 1.035333, "fair_value": 1.741603, "relative_strength": -28.360751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.820538, "energy": 90.202887, "activity_lines": [ 0.823333, 0.865273, 0.933524, 0.990581 ] }, { "date": "2026-07-24", "close": 0.76, "volume": 218800, "typical_volume": 225650.0, "trend": 1.029667, "fair_value": 1.726987, "relative_strength": -30.218553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.460085, "energy": 91.5208, "activity_lines": [ 0.792667, 0.840909, 0.910286, 0.972817 ] }, { "date": "2026-07-31", "close": 0.82, "volume": 323200, "typical_volume": 232155.0, "trend": 1.023, "fair_value": 1.712628, "relative_strength": -25.344016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.068659, "energy": 84.786822, "activity_lines": [ 0.795333, 0.831636, 0.89519, 0.95929 ] }, { "date": "2026-08-07", "close": 0.85, "volume": 248000, "typical_volume": 236110.0, "trend": 1.017, "fair_value": 1.696923, "relative_strength": -19.467885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.605484, "energy": 58.1434, "activity_lines": [ 0.813333, 0.829636, 0.884952, 0.948129 ] } ], "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." } } }