{ "ticker": { "uuid": "08dda054-9082-4094-8f36-1d7db8b6c25c", "symbol": "PERP-B", "name": "Perpetua Medical AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -51.469, "architecture_energy": 21.059, "architecture_maturity": 34.437, "architecture_confidence": 80.327, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 45.18, "rotation_up": 24.68, "upward_expansion": 14.48, "deceleration": 49.28, "rotation_down": 42.36, "downward_expansion": 62.81 }, "activity_lines": [ 3.418667, 3.451636, 3.476238, 3.494989 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.166667 }, "latest_close": 3.17, "trend_reference": 3.611667, "distance_from_trend": -0.122289, "trend_direction": "Weakening", "fair_value": 3.816031, "distance_from_fair_value": -0.169294, "fair_value_direction": "Improving", "relative_strength": -32.853051, "relative_strength_direction": "Weakening", "price_momentum": -0.2075, "excess_performance": -0.268994, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.122289, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.128949, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.169294, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.031501, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.328531, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.008046, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.2075, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.621271, "read": "Supply-led" } ], "volume": { "latest": 4600, "relative_activity": 0.301303, "balance": 0.621271, "dry_up": 0.368, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.161854, "annualized_volatility": 0.539079, "from_high_reference": -0.471667, "from_low_reference": 0.053156 }, "levels": { "trend_reference": 3.611667, "fair_value_reference": 3.816031, "structural_low": 3.01, "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": 21, "median_return": -0.040512, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.074722, "regime_survival": 0.571429, "best_return": 0.815789, "worst_return": -0.489645, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.111133, "positive_rate": 0.3, "directional_follow_through": 0.3, "median_excess_return": -0.157106, "regime_survival": 0.2, "best_return": 1.060571, "worst_return": -0.879056, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.164843, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.171152, "regime_survival": 0.5, "best_return": 0.847827, "worst_return": -0.918575, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.267877, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.306576, "regime_survival": 0.25, "best_return": 2.196933, "worst_return": -0.959167, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-26", "end": "2024-04-19", "tenure": "Established", "return": 0.342711, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-26", "end": "2024-06-07", "tenure": "Developing", "return": -0.034483, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-06-28", "tenure": "New", "return": 0.579573, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2024-12-27", "tenure": "Established", "return": 0.287314, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-01-17", "tenure": "New", "return": 0.684211, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-03-07", "tenure": "Developing", "return": -0.066667, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-04-25", "tenure": "Developing", "return": -0.213115, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-02", "end": "2025-06-06", "tenure": "Developing", "return": -0.035565, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": 0.095023, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-11-21", "tenure": "Established", "return": 0.003788, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-28", "end": "2026-01-16", "tenure": "Developing", "return": -0.133574, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": -0.099099, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-06-05", "tenure": "Established", "return": -0.075, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.199495, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 5.279999, "volume": 35895, "typical_volume": 23973.95, "trend": 30.174236, "fair_value": 113.947244, "relative_strength": -88.425355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.782687, "energy": 79.66146, "activity_lines": [ 6.444799, 7.067651, 9.768848, 17.636786 ] }, { "date": "2023-08-25", "close": 4.223999, "volume": 51739, "typical_volume": 26445.85, "trend": 27.860549, "fair_value": 113.288024, "relative_strength": -90.25333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.303339, "energy": 85.206199, "activity_lines": [ 5.566399, 6.465599, 8.707512, 15.962578 ] }, { "date": "2023-09-01", "close": 4.655999, "volume": 73730, "typical_volume": 29590.35, "trend": 25.879748, "fair_value": 112.688063, "relative_strength": -88.868793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.587339, "energy": 88.938166, "activity_lines": [ 5.036799, 6.016581, 7.888546, 14.46551 ] }, { "date": "2023-09-08", "close": 4.103999, "volume": 185335, "typical_volume": 36804.8, "trend": 23.797659, "fair_value": 112.101391, "relative_strength": -89.777708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.474283, "energy": 90.757252, "activity_lines": [ 4.559999, 5.543999, 7.202517, 13.060623 ] }, { "date": "2023-09-15", "close": 4.163999, "volume": 154757, "typical_volume": 44367.05, "trend": 21.774954, "fair_value": 111.49467, "relative_strength": -89.348984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.808572, "energy": 69.466757, "activity_lines": [ 4.328799, 5.164363, 6.632003, 11.793935 ] }, { "date": "2023-09-22", "close": 4.031999, "volume": 135717, "typical_volume": 50763.35, "trend": 19.933395, "fair_value": 110.924964, "relative_strength": -89.147414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.334283, "energy": 68.793316, "activity_lines": [ 4.177599, 4.822472, 6.161622, 10.649228 ] }, { "date": "2023-09-29", "close": 3.983999, "volume": 123303, "typical_volume": 56733.5, "trend": 17.941034, "fair_value": 110.344734, "relative_strength": -88.83811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.963526, "energy": 68.532429, "activity_lines": [ 4.093599, 4.538181, 5.794991, 9.620235 ] }, { "date": "2023-10-06", "close": 3.359999, "volume": 50219, "typical_volume": 55814.1, "trend": 16.195033, "fair_value": 109.768917, "relative_strength": -90.189467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.2196, "energy": 69.893982, "activity_lines": [ 3.817599, 4.200654, 5.472929, 8.679523 ] }, { "date": "2023-10-13", "close": 1.228799, "volume": 291623, "typical_volume": 69886.6, "trend": 14.53325, "fair_value": 109.201074, "relative_strength": -96.31839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.798514, "energy": 74.693679, "activity_lines": [ 2.917599, 3.563781, 4.969241, 7.71396 ] }, { "date": "2023-10-20", "close": 1.079999, "volume": 380291, "typical_volume": 87363.9, "trend": 12.854712, "fair_value": 108.650906, "relative_strength": -96.438361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.072415, "energy": 73.650165, "activity_lines": [ 2.159679, 3.013657, 4.481965, 6.846008 ] }, { "date": "2023-10-27", "close": 0.935999, "volume": 44419, "typical_volume": 89314.35, "trend": 11.304316, "fair_value": 108.151498, "relative_strength": -96.729181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.571036, "energy": 72.66069, "activity_lines": [ 1.559359, 2.527243, 4.025748, 6.077059 ] }, { "date": "2023-11-03", "close": 0.921599, "volume": 22921, "typical_volume": 89453.35, "trend": 9.785639, "fair_value": 107.667022, "relative_strength": -96.749772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.932277, "energy": 87.403657, "activity_lines": [ 1.160639, 2.117192, 3.603416, 5.407206 ] }, { "date": "2023-11-10", "close": 0.983999, "volume": 257633, "typical_volume": 101920.2, "trend": 8.364683, "fair_value": 107.172128, "relative_strength": -96.375706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.826294, "energy": 86.709585, "activity_lines": [ 0.986879, 1.77853, 3.222262, 4.839358 ] }, { "date": "2023-11-17", "close": 1.315199, "volume": 264354, "typical_volume": 114542.75, "trend": 7.503114, "fair_value": 106.710607, "relative_strength": -95.155772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.1394, "energy": 73.997371, "activity_lines": [ 1.081919, 1.56685, 2.91025, 4.384553 ] }, { "date": "2023-11-24", "close": 1.439999, "volume": 125358, "typical_volume": 118620.55, "trend": 6.623389, "fair_value": 106.147723, "relative_strength": -94.545473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.224093, "energy": 66.114103, "activity_lines": [ 1.212799, 1.428566, 2.64489, 3.993384 ] }, { "date": "2023-12-01", "close": 1.334399, "volume": 111695, "typical_volume": 123662.95, "trend": 5.775212, "fair_value": 105.496422, "relative_strength": -94.78625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.896493, "energy": 63.389206, "activity_lines": [ 1.284479, 1.32061, 2.398616, 3.652159 ] }, { "date": "2023-12-08", "close": 1.454399, "volume": 88251, "typical_volume": 127331.25, "trend": 4.962916, "fair_value": 104.873534, "relative_strength": -94.236942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.180646, "energy": 56.650022, "activity_lines": [ 1.369599, 1.283519, 2.193988, 3.373397 ] }, { "date": "2023-12-15", "close": 1.204799, "volume": 149880, "typical_volume": 132896.7, "trend": 4.741655, "fair_value": 104.267075, "relative_strength": -95.153986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.762628, "energy": 55.699357, "activity_lines": [ 1.335999, 1.247039, 1.993405, 3.130938 ] }, { "date": "2023-12-22", "close": 1.031999, "volume": 70178, "typical_volume": 134159.2, "trend": 4.52101, "fair_value": 103.64148, "relative_strength": -95.641365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.6928, "energy": 57.847483, "activity_lines": [ 1.230079, 1.218326, 1.809713, 2.891605 ] }, { "date": "2023-12-29", "close": 1.358399, "volume": 38993, "typical_volume": 132814.55, "trend": 4.216879, "fair_value": 102.997544, "relative_strength": -94.058083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.62043, "energy": 55.301501, "activity_lines": [ 1.251839, 1.252537, 1.68785, 2.687566 ] }, { "date": "2024-01-05", "close": 1.535999, "volume": 33667, "typical_volume": 132703.15, "trend": 3.99008, "fair_value": 102.335516, "relative_strength": -92.796148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.563443, "energy": 49.150655, "activity_lines": [ 1.338239, 1.313977, 1.605119, 2.514606 ] }, { "date": "2024-01-12", "close": 2.279999, "volume": 1133160, "typical_volume": 186774.2, "trend": 3.788719, "fair_value": 101.544843, "relative_strength": -88.930236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.233877, "energy": 33.051604, "activity_lines": [ 1.659199, 1.499781, 1.611073, 2.404278 ] }, { "date": "2024-01-19", "close": 2.241599, "volume": 148088, "typical_volume": 190492.1, "trend": 3.567439, "fair_value": 100.66979, "relative_strength": -88.224632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.522783, "energy": 21.156383, "activity_lines": [ 1.912319, 1.653904, 1.622628, 2.304464 ] }, { "date": "2024-01-26", "close": 1.876799, "volume": 65601, "typical_volume": 184505.4, "trend": 3.342799, "fair_value": 99.78038, "relative_strength": -89.655581, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.603462, "energy": 20.39671, "activity_lines": [ 1.974719, 1.718835, 1.610936, 2.19539 ] }, { "date": "2024-02-02", "close": 1.919999, "volume": 187156, "typical_volume": 186125.35, "trend": 3.154799, "fair_value": 98.732592, "relative_strength": -88.633169, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.898866, "energy": 17.66269, "activity_lines": [ 1.995199, 1.78141, 1.613965, 2.103596 ] }, { "date": "2024-02-09", "close": 2.039999, "volume": 764994, "typical_volume": 217589.2, "trend": 2.966799, "fair_value": 97.471632, "relative_strength": -86.797583, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.832655, "energy": 11.586412, "activity_lines": [ 2.018239, 1.857075, 1.639108, 2.031674 ] }, { "date": "2024-02-16", "close": 2.035199, "volume": 445342, "typical_volume": 233691.15, "trend": 2.791439, "fair_value": 96.237084, "relative_strength": -85.989745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.469599, "energy": 7.907843, "activity_lines": [ 2.006079, 1.919039, 1.673279, 1.971571 ] }, { "date": "2024-02-23", "close": 1.732799, "volume": 245342, "typical_volume": 243447.3, "trend": 2.575599, "fair_value": 94.9405, "relative_strength": -87.127742, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.335958, "energy": 10.76258, "activity_lines": [ 1.909439, 1.915461, 1.68793, 1.903271 ] }, { "date": "2024-03-01", "close": 1.780799, "volume": 160074, "typical_volume": 236869.85, "trend": 2.385359, "fair_value": 93.555283, "relative_strength": -85.521986, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.896981, "energy": 11.20667, "activity_lines": [ 1.862719, 1.91101, 1.714902, 1.851994 ] }, { "date": "2024-03-08", "close": 1.699199, "volume": 57756, "typical_volume": 220743.1, "trend": 2.241199, "fair_value": 92.280119, "relative_strength": -84.892219, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.525233, "energy": 13.476005, "activity_lines": [ 1.795199, 1.878108, 1.731473, 1.807725 ] }, { "date": "2024-03-15", "close": 1.679999, "volume": 110986, "typical_volume": 224071.45, "trend": 2.121199, "fair_value": 90.992812, "relative_strength": -83.681572, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.894159, "energy": 15.508342, "activity_lines": [ 1.735999, 1.835519, 1.743268, 1.771519 ] }, { "date": "2024-03-22", "close": 1.905599, "volume": 55316, "typical_volume": 225691.2, "trend": 2.043919, "fair_value": 89.786279, "relative_strength": -79.137214, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.404594, "energy": 8.701749, "activity_lines": [ 1.775999, 1.83133, 1.773005, 1.757609 ] }, { "date": "2024-03-29", "close": 2.483999, "volume": 322713, "typical_volume": 228945.2, "trend": 1.971519, "fair_value": 88.564223, "relative_strength": -69.297356, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.552357, "energy": 12.842153, "activity_lines": [ 2.017439, 1.939112, 1.853142, 1.786002 ] }, { "date": "2024-04-05", "close": 2.639999, "volume": 208143, "typical_volume": 226134.65, "trend": 1.922719, "fair_value": 87.434512, "relative_strength": -62.675817, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.841587, "energy": 29.617876, "activity_lines": [ 2.260799, 2.07085, 1.940993, 1.829129 ] }, { "date": "2024-04-12", "close": 2.275199, "volume": 199583, "typical_volume": 229845.9, "trend": 1.859759, "fair_value": 86.298943, "relative_strength": -63.23432, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.957938, "energy": 36.529448, "activity_lines": [ 2.325279, 2.122384, 1.987793, 1.85187 ] }, { "date": "2024-04-19", "close": 2.519999, "volume": 101925, "typical_volume": 229357.4, "trend": 1.809359, "fair_value": 85.157586, "relative_strength": -55.342089, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.837324, "energy": 53.049681, "activity_lines": [ 2.432959, 2.21197, 2.05393, 1.894466 ] }, { "date": "2024-04-26", "close": 2.366399, "volume": 3869, "typical_volume": 225138.3, "trend": 1.755439, "fair_value": 84.064291, "relative_strength": -54.588019, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.726523, "energy": 46.959026, "activity_lines": [ 2.433439, 2.264901, 2.099793, 1.930404 ] }, { "date": "2024-05-03", "close": 2.366399, "volume": 0, "typical_volume": 217644.3, "trend": 1.722319, "fair_value": 83.022496, "relative_strength": -48.963803, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.205331, "energy": 36.709818, "activity_lines": [ 2.403199, 2.31181, 2.141313, 1.969821 ] }, { "date": "2024-05-10", "close": 2.366399, "volume": 0, "typical_volume": 214135.4, "trend": 1.760239, "fair_value": 82.001546, "relative_strength": -44.435632, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.658104, "energy": 38.037739, "activity_lines": [ 2.380799, 2.347199, 2.177302, 2.011374 ] }, { "date": "2024-05-17", "close": 2.366399, "volume": 0, "typical_volume": 212185.75, "trend": 1.803119, "fair_value": 80.864109, "relative_strength": -42.159438, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.502652, "energy": 31.634279, "activity_lines": [ 2.376639, 2.371941, 2.206936, 2.050482 ] }, { "date": "2024-05-24", "close": 2.411999, "volume": 12364, "typical_volume": 211120.6, "trend": 1.852319, "fair_value": 79.699988, "relative_strength": -39.741226, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.345391, "energy": 28.425969, "activity_lines": [ 2.381599, 2.392843, 2.236113, 2.089764 ] }, { "date": "2024-05-31", "close": 2.294399, "volume": 20944, "typical_volume": 155509.8, "trend": 1.898079, "fair_value": 78.630756, "relative_strength": -39.410006, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.854672, "energy": 22.081429, "activity_lines": [ 2.354559, 2.379054, 2.249919, 2.118285 ] }, { "date": "2024-06-07", "close": 2.284799, "volume": 13891, "typical_volume": 148799.95, "trend": 1.941439, "fair_value": 77.541843, "relative_strength": -37.849754, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.596001, "energy": 18.668947, "activity_lines": [ 2.329119, 2.35645, 2.262742, 2.143235 ] }, { "date": "2024-06-14", "close": 2.020799, "volume": 48957, "typical_volume": 147967.75, "trend": 1.964959, "fair_value": 76.497832, "relative_strength": -41.456173, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.101163, "energy": 11.782999, "activity_lines": [ 2.221119, 2.289468, 2.250216, 2.148355 ] }, { "date": "2024-06-21", "close": 2.591999, "volume": 181651, "typical_volume": 147692.5, "trend": 2.003359, "fair_value": 75.418246, "relative_strength": -21.960625, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.732639, "energy": 18.042587, "activity_lines": [ 2.326559, 2.337599, 2.291405, 2.188809 ] }, { "date": "2024-06-28", "close": 3.191999, "volume": 57588, "typical_volume": 112322.2, "trend": 2.065279, "fair_value": 74.371933, "relative_strength": -0.02817, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.024697, "energy": 48.586223, "activity_lines": [ 2.616959, 2.489061, 2.386536, 2.265496 ] }, { "date": "2024-07-05", "close": 3.215999, "volume": 10934, "typical_volume": 90601.8, "trend": 2.123999, "fair_value": 73.264466, "relative_strength": 4.645963, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.956371, "energy": 69.628745, "activity_lines": [ 2.863359, 2.632668, 2.478468, 2.339736 ] }, { "date": "2024-07-12", "close": 3.251999, "volume": 19253, "typical_volume": 79297.35, "trend": 2.192239, "fair_value": 71.904637, "relative_strength": 6.553552, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.889973, "energy": 77.292823, "activity_lines": [ 3.060319, 2.767374, 2.568205, 2.41251 ] }, { "date": "2024-07-19", "close": 3.707999, "volume": 80605, "typical_volume": 75323.9, "trend": 2.281439, "fair_value": 70.474161, "relative_strength": 28.225462, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.381722, "energy": 83.620437, "activity_lines": [ 3.344799, 2.968886, 2.694136, 2.510301 ] }, { "date": "2024-07-26", "close": 3.467999, "volume": 63785, "typical_volume": 75625.35, "trend": 2.351759, "fair_value": 69.086288, "relative_strength": 24.434516, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.161671, "energy": 75.382397, "activity_lines": [ 3.436799, 3.10237, 2.788033, 2.586853 ] }, { "date": "2024-08-02", "close": 3.371999, "volume": 67082, "typical_volume": 73430.15, "trend": 2.412959, "fair_value": 67.783632, "relative_strength": 31.190531, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.859581, "energy": 58.097218, "activity_lines": [ 3.438399, 3.19837, 2.864365, 2.652675 ] }, { "date": "2024-08-09", "close": 4.055999, "volume": 454660, "typical_volume": 93397.35, "trend": 2.472159, "fair_value": 66.522147, "relative_strength": 61.57546, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.9201, "energy": 52.881918, "activity_lines": [ 3.655999, 3.401279, 2.997782, 2.758678 ] }, { "date": "2024-08-16", "close": 3.623999, "volume": 61306, "typical_volume": 80327.0, "trend": 2.518239, "fair_value": 65.262796, "relative_strength": 42.89273, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.533241, "energy": 43.181785, "activity_lines": [ 3.673599, 3.493614, 3.079816, 2.83299 ] }, { "date": "2024-08-23", "close": 4.043999, "volume": 139938, "typical_volume": 76916.75, "trend": 2.590479, "fair_value": 63.883521, "relative_strength": 59.000605, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.142179, "energy": 45.263177, "activity_lines": [ 3.806399, 3.637963, 3.196422, 2.931426 ] }, { "date": "2024-08-30", "close": 4.067999, "volume": 74125, "typical_volume": 70643.85, "trend": 2.662079, "fair_value": 62.597589, "relative_strength": 59.419421, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.387105, "energy": 46.352164, "activity_lines": [ 3.924799, 3.74989, 3.308628, 3.02675 ] }, { "date": "2024-09-06", "close": 4.319999, "volume": 65451, "typical_volume": 68820.15, "trend": 2.738079, "fair_value": 61.377033, "relative_strength": 77.642324, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.023967, "energy": 47.375971, "activity_lines": [ 4.087199, 3.880799, 3.436296, 3.133713 ] }, { "date": "2024-09-13", "close": 4.163999, "volume": 18210, "typical_volume": 69537.2, "trend": 2.809039, "fair_value": 60.206977, "relative_strength": 69.053157, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.631269, "energy": 49.134841, "activity_lines": [ 4.134399, 3.962835, 3.540536, 3.225707 ] }, { "date": "2024-09-20", "close": 4.199999, "volume": 26598, "typical_volume": 70867.1, "trend": 2.891279, "fair_value": 59.094782, "relative_strength": 67.717386, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.12129, "energy": 51.2401, "activity_lines": [ 4.186399, 4.034181, 3.639645, 3.315447 ] }, { "date": "2024-09-27", "close": 4.4, "volume": 82153, "typical_volume": 74974.75, "trend": 2.978586, "fair_value": 58.013297, "relative_strength": 72.308593, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.394897, "energy": 44.35833, "activity_lines": [ 4.266666, 4.124654, 3.74907, 3.412784 ] }, { "date": "2024-10-04", "close": 4.415, "volume": 128594, "typical_volume": 81404.45, "trend": 3.069112, "fair_value": 57.018966, "relative_strength": 74.791644, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.607152, "energy": 40.966481, "activity_lines": [ 4.3282, 4.205272, 3.850239, 3.505455 ] }, { "date": "2024-10-11", "close": 4.795, "volume": 141822, "typical_volume": 87877.35, "trend": 3.172946, "fair_value": 56.020941, "relative_strength": 86.17656, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.157244, "energy": 44.991866, "activity_lines": [ 4.493266, 4.337763, 3.977844, 3.616803 ] }, { "date": "2024-10-18", "close": 4.12, "volume": 21945, "typical_volume": 87927.4, "trend": 3.246759, "fair_value": 54.894745, "relative_strength": 56.394675, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.871281, "energy": 38.04835, "activity_lines": [ 4.401667, 4.321654, 4.029816, 3.677903 ] }, { "date": "2024-10-25", "close": 4.45, "volume": 16701, "typical_volume": 88067.9, "trend": 3.312292, "fair_value": 53.844235, "relative_strength": 65.113171, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.502083, "energy": 36.123977, "activity_lines": [ 4.423, 4.364382, 4.104522, 3.755532 ] }, { "date": "2024-11-01", "close": 4.75, "volume": 79241, "typical_volume": 89582.1, "trend": 3.382626, "fair_value": 52.723304, "relative_strength": 74.075177, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.486109, "energy": 37.62344, "activity_lines": [ 4.527667, 4.446636, 4.19749, 3.848287 ] }, { "date": "2024-11-08", "close": 4.4015, "volume": 32559, "typical_volume": 82127.5, "trend": 3.453503, "fair_value": 51.525342, "relative_strength": 57.642152, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.552086, "energy": 31.51581, "activity_lines": [ 4.492833, 4.452691, 4.244271, 3.914021 ] }, { "date": "2024-11-15", "close": 4.695, "volume": 127640, "typical_volume": 85630.1, "trend": 3.526003, "fair_value": 50.341523, "relative_strength": 67.660341, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.546802, "energy": 35.1773, "activity_lines": [ 4.556733, 4.506045, 4.310388, 3.994118 ] }, { "date": "2024-11-22", "close": 4.88, "volume": 46025, "typical_volume": 87384.65, "trend": 3.609789, "fair_value": 49.245949, "relative_strength": 70.182669, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.54181, "energy": 38.584144, "activity_lines": [ 4.688967, 4.586218, 4.386966, 4.081472 ] }, { "date": "2024-11-29", "close": 4.82, "volume": 57744, "typical_volume": 89309.2, "trend": 3.691576, "fair_value": 48.197811, "relative_strength": 64.435187, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.555167, "energy": 36.683117, "activity_lines": [ 4.750533, 4.642464, 4.449907, 4.15955 ] }, { "date": "2024-12-06", "close": 4.78, "volume": 42661, "typical_volume": 87412.0, "trend": 3.772029, "fair_value": 47.131023, "relative_strength": 53.764466, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.007285, "energy": 35.162263, "activity_lines": [ 4.7741, 4.680164, 4.501571, 4.229771 ] }, { "date": "2024-12-13", "close": 4.5, "volume": 24983, "typical_volume": 85471.9, "trend": 3.843149, "fair_value": 46.015847, "relative_strength": 45.091775, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.55749, "energy": 29.338849, "activity_lines": [ 4.702333, 4.660045, 4.521464, 4.276737 ] }, { "date": "2024-12-20", "close": 4.3, "volume": 22888, "typical_volume": 83262.2, "trend": 3.906083, "fair_value": 44.919007, "relative_strength": 40.320843, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.36332, "energy": 17.59755, "activity_lines": [ 4.557333, 4.602018, 4.517395, 4.306211 ] }, { "date": "2024-12-27", "close": 4.14, "volume": 9761, "typical_volume": 61017.25, "trend": 3.967603, "fair_value": 43.83095, "relative_strength": 32.009444, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.4729, "energy": 12.926719, "activity_lines": [ 4.385333, 4.5239, 4.493669, 4.321303 ] }, { "date": "2025-01-03", "close": 3.8, "volume": 38261, "typical_volume": 59865.0, "trend": 4.018109, "fair_value": 42.762786, "relative_strength": 18.593537, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.125367, "energy": 12.701613, "activity_lines": [ 4.149333, 4.3836, 4.437162, 4.31049 ] }, { "date": "2025-01-10", "close": 5.3, "volume": 127230, "typical_volume": 59229.6, "trend": 4.127416, "fair_value": 41.707915, "relative_strength": 61.837874, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.804973, "energy": 18.665964, "activity_lines": [ 4.481333, 4.527845, 4.522674, 4.393192 ] }, { "date": "2025-01-17", "close": 6.4, "volume": 68539, "typical_volume": 58950.3, "trend": 4.25435, "fair_value": 40.785166, "relative_strength": 84.415642, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.767335, "energy": 50.936963, "activity_lines": [ 5.145333, 4.862091, 4.706967, 4.539811 ] }, { "date": "2025-01-24", "close": 6.0, "volume": 57081, "typical_volume": 58531.8, "trend": 4.34795, "fair_value": 39.897864, "relative_strength": 65.997025, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.778331, "energy": 64.694259, "activity_lines": [ 5.549333, 5.087273, 4.84206, 4.652433 ] }, { "date": "2025-01-31", "close": 6.9, "volume": 69074, "typical_volume": 61075.0, "trend": 4.47075, "fair_value": 38.997938, "relative_strength": 86.150939, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.031404, "energy": 79.728722, "activity_lines": [ 6.14, 5.452364, 5.054867, 4.817082 ] }, { "date": "2025-02-07", "close": 7.3, "volume": 129041, "typical_volume": 66197.15, "trend": 4.605683, "fair_value": 38.132458, "relative_strength": 94.132971, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.738203, "energy": 82.07072, "activity_lines": [ 6.68, 5.853455, 5.29274, 4.999614 ] }, { "date": "2025-02-14", "close": 5.45, "volume": 124141, "typical_volume": 68296.55, "trend": 4.66375, "fair_value": 37.315201, "relative_strength": 38.642046, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.37597, "energy": 62.602956, "activity_lines": [ 6.37, 5.873091, 5.339662, 5.054086 ] }, { "date": "2025-02-21", "close": 5.8, "volume": 37908, "typical_volume": 63762.25, "trend": 4.741483, "fair_value": 36.536973, "relative_strength": 44.430634, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.297745, "energy": 41.073989, "activity_lines": [ 6.166667, 5.944182, 5.414917, 5.127392 ] }, { "date": "2025-02-28", "close": 6.5, "volume": 29001, "typical_volume": 58121.2, "trend": 4.84575, "fair_value": 35.825767, "relative_strength": 58.401019, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.842697, "energy": 37.07021, "activity_lines": [ 6.236667, 6.118909, 5.550243, 5.240845 ] }, { "date": "2025-03-07", "close": 5.6, "volume": 43920, "typical_volume": 59219.95, "trend": 4.897216, "fair_value": 35.102661, "relative_strength": 33.902601, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.593637, "energy": 19.496716, "activity_lines": [ 5.973333, 6.09, 5.591736, 5.289506 ] }, { "date": "2025-03-14", "close": 6.1, "volume": 30775, "typical_volume": 59923.65, "trend": 4.97975, "fair_value": 34.244202, "relative_strength": 45.46368, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.59616, "energy": 20.99836, "activity_lines": [ 5.963333, 6.125455, 5.6738, 5.367105 ] }, { "date": "2025-03-21", "close": 5.85, "volume": 23822, "typical_volume": 57152.7, "trend": 5.03995, "fair_value": 33.364522, "relative_strength": 39.782331, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.37641, "energy": 19.637351, "activity_lines": [ 5.95, 6.073636, 5.724198, 5.423251 ] }, { "date": "2025-03-28", "close": 6.15, "volume": 18309, "typical_volume": 56440.2, "trend": 5.10935, "fair_value": 32.415646, "relative_strength": 49.375786, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.859733, "energy": 17.935461, "activity_lines": [ 6.01, 6.066364, 5.797929, 5.494867 ] }, { "date": "2025-04-04", "close": 4.8, "volume": 101826, "typical_volume": 55149.5, "trend": 5.12535, "fair_value": 31.584413, "relative_strength": 28.017583, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.86816, "energy": 10.075118, "activity_lines": [ 5.596667, 5.818182, 5.734762, 5.474909 ] }, { "date": "2025-04-11", "close": 4.49, "volume": 36526, "typical_volume": 54674.55, "trend": 5.136217, "fair_value": 30.754872, "relative_strength": 18.774333, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.143502, "energy": 11.572656, "activity_lines": [ 5.193333, 5.535455, 5.641571, 5.433918 ] }, { "date": "2025-04-18", "close": 4.75, "volume": 5446, "typical_volume": 52059.65, "trend": 5.15455, "fair_value": 29.938032, "relative_strength": 20.088133, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.14268, "energy": 23.406102, "activity_lines": [ 4.950667, 5.343818, 5.575, 5.409001 ] }, { "date": "2025-04-25", "close": 4.8, "volume": 7489, "typical_volume": 50301.05, "trend": 5.167883, "fair_value": 29.19631, "relative_strength": 16.379708, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.505681, "energy": 33.010059, "activity_lines": [ 4.814667, 5.207636, 5.513524, 5.386127 ] }, { "date": "2025-05-02", "close": 4.78, "volume": 8574, "typical_volume": 49480.6, "trend": 5.18005, "fair_value": 28.461817, "relative_strength": 12.930727, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.488549, "energy": 38.737665, "activity_lines": [ 4.742, 5.079636, 5.450048, 5.361102 ] }, { "date": "2025-05-09", "close": 4.79, "volume": 20031, "typical_volume": 49337.75, "trend": 5.179883, "fair_value": 27.785018, "relative_strength": 12.466014, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.17629, "energy": 32.947051, "activity_lines": [ 4.764, 4.972, 5.38619, 5.335938 ] }, { "date": "2025-05-16", "close": 4.47, "volume": 43280, "typical_volume": 51013.7, "trend": 5.19155, "fair_value": 27.090227, "relative_strength": 0.092386, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.761584, "energy": 34.35053, "activity_lines": [ 4.68, 4.837273, 5.289524, 5.290139 ] }, { "date": "2025-05-23", "close": 4.29, "volume": 6045, "typical_volume": 49402.9, "trend": 5.186217, "fair_value": 26.400414, "relative_strength": -2.308198, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.43947, "energy": 39.24981, "activity_lines": [ 4.537333, 4.690364, 5.174143, 5.231974 ] }, { "date": "2025-05-30", "close": 4.74, "volume": 46693, "typical_volume": 45376.05, "trend": 5.185883, "fair_value": 25.70858, "relative_strength": 6.054279, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.532326, "energy": 27.276989, "activity_lines": [ 4.575333, 4.658182, 5.099286, 5.203186 ] }, { "date": "2025-06-06", "close": 4.61, "volume": 737, "typical_volume": 41985.95, "trend": 5.192833, "fair_value": 25.028175, "relative_strength": 1.064554, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.2249, "energy": 37.123487, "activity_lines": [ 4.574, 4.622545, 5.014714, 5.166032 ] }, { "date": "2025-06-13", "close": 4.42, "volume": 2867, "typical_volume": 39275.25, "trend": 5.183667, "fair_value": 24.368623, "relative_strength": -1.715512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.725192, "energy": 35.538998, "activity_lines": [ 4.520667, 4.580364, 4.920571, 5.116172 ] }, { "date": "2025-06-20", "close": 4.28, "volume": 2852, "typical_volume": 35964.15, "trend": 5.163667, "fair_value": 23.754769, "relative_strength": -5.084259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.56808, "energy": 33.225672, "activity_lines": [ 4.445333, 4.519636, 4.820619, 5.057871 ] }, { "date": "2025-06-27", "close": 4.16, "volume": 5870, "typical_volume": 29805.6, "trend": 5.141667, "fair_value": 22.969706, "relative_strength": -10.309307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.604566, "energy": 39.646042, "activity_lines": [ 4.342667, 4.440909, 4.721714, 4.993118 ] }, { "date": "2025-07-04", "close": 4.04, "volume": 12398, "typical_volume": 24218.45, "trend": 5.117, "fair_value": 22.089459, "relative_strength": -13.431855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.893333, "energy": 54.043199, "activity_lines": [ 4.208667, 4.351091, 4.626333, 4.922043 ] }, { "date": "2025-07-11", "close": 5.1, "volume": 39346, "typical_volume": 24290.35, "trend": 5.137, "fair_value": 21.218459, "relative_strength": 7.034478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.143304, "energy": 24.017828, "activity_lines": [ 4.474667, 4.467818, 4.638619, 4.920946 ] }, { "date": "2025-07-18", "close": 4.84, "volume": 10916, "typical_volume": 23386.1, "trend": 5.155, "fair_value": 20.391161, "relative_strength": 1.036632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.071699, "energy": 18.449694, "activity_lines": [ 4.621333, 4.531455, 4.629476, 4.901785 ] }, { "date": "2025-07-25", "close": 5.28, "volume": 9370, "typical_volume": 21658.6, "trend": 5.193, "fair_value": 19.549517, "relative_strength": 6.955764, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.736713, "energy": 10.770622, "activity_lines": [ 4.886667, 4.674182, 4.670143, 4.909849 ] }, { "date": "2025-08-01", "close": 4.99, "volume": 9601, "typical_volume": 20599.9, "trend": 5.232667, "fair_value": 18.712145, "relative_strength": 3.35055, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.686895, "energy": 17.522624, "activity_lines": [ 4.988667, 4.749455, 4.684714, 4.896753 ] }, { "date": "2025-08-08", "close": 4.74, "volume": 6260, "typical_volume": 19721.8, "trend": 5.214, "fair_value": 17.902598, "relative_strength": -4.609268, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.031246, "energy": 13.501314, "activity_lines": [ 4.952, 4.766545, 4.680762, 4.864968 ] }, { "date": "2025-08-15", "close": 4.63, "volume": 14250, "typical_volume": 19518.85, "trend": 5.155, "fair_value": 17.103382, "relative_strength": -8.451497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.572663, "energy": 10.637198, "activity_lines": [ 4.832, 4.763636, 4.671619, 4.82729 ] }, { "date": "2025-08-22", "close": 4.69, "volume": 30205, "typical_volume": 15937.8, "trend": 5.111333, "fair_value": 16.398967, "relative_strength": -9.092191, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.568984, "energy": 11.681241, "activity_lines": [ 4.763333, 4.771273, 4.675429, 4.79729 ] }, { "date": "2025-08-29", "close": 4.93, "volume": 21911, "typical_volume": 15207.05, "trend": 5.045667, "fair_value": 15.737779, "relative_strength": -2.427462, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.120392, "energy": 11.018373, "activity_lines": [ 4.784667, 4.817636, 4.702619, 4.785591 ] }, { "date": "2025-09-05", "close": 4.89, "volume": 11474, "typical_volume": 15508.45, "trend": 4.965333, "fair_value": 15.303791, "relative_strength": -3.37044, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.081226, "energy": 10.163887, "activity_lines": [ 4.816, 4.844909, 4.723905, 4.775548 ] }, { "date": "2025-09-12", "close": 4.92, "volume": 7006, "typical_volume": 15484.3, "trend": 4.947667, "fair_value": 14.912299, "relative_strength": -3.308199, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.39184, "energy": 9.902359, "activity_lines": [ 4.864, 4.864364, 4.747381, 4.772624 ] }, { "date": "2025-09-19", "close": 4.5, "volume": 19897, "typical_volume": 16050.45, "trend": 4.904333, "fair_value": 14.521792, "relative_strength": -11.995402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.767009, "energy": 13.002929, "activity_lines": [ 4.76, 4.791455, 4.730286, 4.743742 ] }, { "date": "2025-09-26", "close": 4.78, "volume": 3415, "typical_volume": 15219.65, "trend": 4.847, "fair_value": 14.16864, "relative_strength": -6.587209, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.847027, "energy": 6.858432, "activity_lines": [ 4.758, 4.780364, 4.74119, 4.73572 ] }, { "date": "2025-10-03", "close": 4.35, "volume": 16401, "typical_volume": 13875.7, "trend": 4.805333, "fair_value": 13.773494, "relative_strength": -17.53475, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.308551, "energy": 21.323989, "activity_lines": [ 4.606667, 4.692182, 4.71119, 4.703656 ] }, { "date": "2025-10-10", "close": 4.85, "volume": 15650, "typical_volume": 14355.95, "trend": 4.763667, "fair_value": 13.387683, "relative_strength": -7.27066, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.259326, "energy": 15.739242, "activity_lines": [ 4.660667, 4.711818, 4.729381, 4.706538 ] }, { "date": "2025-10-17", "close": 4.6, "volume": 7355, "typical_volume": 12389.05, "trend": 4.722, "fair_value": 13.000884, "relative_strength": -11.952479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.73572, "energy": 20.491433, "activity_lines": [ 4.634, 4.688545, 4.721095, 4.695978 ] }, { "date": "2025-10-24", "close": 4.6, "volume": 19600, "typical_volume": 13332.2, "trend": 4.670333, "fair_value": 12.607953, "relative_strength": -14.597314, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.075579, "energy": 12.195148, "activity_lines": [ 4.628667, 4.667818, 4.713476, 4.688108 ] }, { "date": "2025-10-31", "close": 4.64, "volume": 5478, "typical_volume": 13462.75, "trend": 4.665, "fair_value": 12.212826, "relative_strength": -13.081433, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.728479, "energy": 3.410667, "activity_lines": [ 4.63, 4.654909, 4.709714, 4.686151 ] }, { "date": "2025-11-07", "close": 5.1, "volume": 39336, "typical_volume": 15286.95, "trend": 4.685333, "fair_value": 11.889314, "relative_strength": -3.41783, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.588838, "energy": 16.691172, "activity_lines": [ 4.794, 4.726545, 4.748714, 4.714215 ] }, { "date": "2025-11-14", "close": 5.2, "volume": 22782, "typical_volume": 16132.55, "trend": 4.700333, "fair_value": 11.575639, "relative_strength": -2.396685, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.896141, "energy": 33.08394, "activity_lines": [ 4.941333, 4.813273, 4.793333, 4.747419 ] }, { "date": "2025-11-21", "close": 5.3, "volume": 29093, "typical_volume": 16967.3, "trend": 4.717, "fair_value": 11.244213, "relative_strength": 1.586695, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.344838, "energy": 47.061803, "activity_lines": [ 5.098667, 4.912545, 4.842524, 4.786108 ] }, { "date": "2025-11-28", "close": 5.54, "volume": 9052, "typical_volume": 15452.6, "trend": 4.742333, "fair_value": 10.939462, "relative_strength": 2.747477, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.979102, "energy": 60.238522, "activity_lines": [ 5.289333, 5.048545, 4.908571, 4.839204 ] }, { "date": "2025-12-05", "close": 5.22, "volume": 17397, "typical_volume": 15776.65, "trend": 4.756667, "fair_value": 10.637564, "relative_strength": -4.535395, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.091433, "energy": 54.798593, "activity_lines": [ 5.310667, 5.107455, 4.942048, 4.870022 ] }, { "date": "2025-12-12", "close": 5.16, "volume": 23513, "typical_volume": 16483.8, "trend": 4.779667, "fair_value": 10.327925, "relative_strength": -5.509652, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.45241, "energy": 44.975247, "activity_lines": [ 5.273333, 5.147455, 4.968, 4.896043 ] }, { "date": "2025-12-19", "close": 4.8, "volume": 53881, "typical_volume": 18697.8, "trend": 4.796667, "fair_value": 10.039888, "relative_strength": -12.686931, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.17118, "energy": 22.397074, "activity_lines": [ 5.112, 5.107273, 4.960238, 4.897355 ] }, { "date": "2025-12-26", "close": 4.59, "volume": 1922, "typical_volume": 18480.9, "trend": 4.791667, "fair_value": 9.77043, "relative_strength": -16.693418, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.900867, "energy": 11.382191, "activity_lines": [ 4.907333, 5.029818, 4.933381, 4.884022 ] }, { "date": "2026-01-02", "close": 5.2, "volume": 25599, "typical_volume": 19048.35, "trend": 4.811333, "fair_value": 9.500837, "relative_strength": -6.943604, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.553842, "energy": 16.356363, "activity_lines": [ 4.953333, 5.063455, 4.965333, 4.910366 ] }, { "date": "2026-01-09", "close": 5.0, "volume": 16423, "typical_volume": 18359.25, "trend": 4.830667, "fair_value": 9.239832, "relative_strength": -12.970802, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.102608, "energy": 14.276291, "activity_lines": [ 4.955333, 5.049818, 4.975524, 4.922538 ] }, { "date": "2026-01-16", "close": 4.8, "volume": 34139, "typical_volume": 18970.65, "trend": 4.848, "fair_value": 8.92114, "relative_strength": -17.513837, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.633515, "energy": 10.891867, "activity_lines": [ 4.905333, 4.993273, 4.96519, 4.920559 ] }, { "date": "2026-01-23", "close": 4.44, "volume": 43264, "typical_volume": 20560.15, "trend": 4.857333, "fair_value": 8.477585, "relative_strength": -22.452786, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.283166, "energy": 12.381252, "activity_lines": [ 4.759333, 4.876727, 4.92119, 4.894237 ] }, { "date": "2026-01-30", "close": 4.0, "volume": 23941, "typical_volume": 21406.9, "trend": 4.856, "fair_value": 8.092457, "relative_strength": -29.536149, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.260802, "energy": 47.322237, "activity_lines": [ 4.490667, 4.694, 4.837429, 4.838925 ] }, { "date": "2026-02-06", "close": 4.0, "volume": 27389, "typical_volume": 21781.5, "trend": 4.819333, "fair_value": 7.691389, "relative_strength": -30.600457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.722088, "energy": 63.172593, "activity_lines": [ 4.261333, 4.534909, 4.758048, 4.783699 ] }, { "date": "2026-02-13", "close": 4.08, "volume": 24939, "typical_volume": 22857.7, "trend": 4.794, "fair_value": 7.301868, "relative_strength": -28.678428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.732702, "energy": 65.768603, "activity_lines": [ 4.138667, 4.418364, 4.688667, 4.736 ] }, { "date": "2026-02-20", "close": 3.6, "volume": 34378, "typical_volume": 23756.55, "trend": 4.738, "fair_value": 6.944953, "relative_strength": -37.617904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.292337, "energy": 72.741613, "activity_lines": [ 3.917333, 4.235273, 4.576905, 4.658968 ] }, { "date": "2026-02-27", "close": 3.98, "volume": 72292, "typical_volume": 26588.65, "trend": 4.704333, "fair_value": 6.561781, "relative_strength": -31.097889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.200952, "energy": 63.812963, "activity_lines": [ 3.902667, 4.149636, 4.504905, 4.610065 ] }, { "date": "2026-03-06", "close": 3.74, "volume": 27479, "typical_volume": 27594.85, "trend": 4.671, "fair_value": 6.228448, "relative_strength": -30.717435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.100187, "energy": 55.935344, "activity_lines": [ 3.838667, 4.035273, 4.41419, 4.547849 ] }, { "date": "2026-03-13", "close": 3.4, "volume": 32067, "typical_volume": 28218.2, "trend": 4.63, "fair_value": 5.922792, "relative_strength": -35.804507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.387364, "energy": 61.06111, "activity_lines": [ 3.678667, 3.874545, 4.29519, 4.465849 ] }, { "date": "2026-03-20", "close": 3.51, "volume": 13083, "typical_volume": 28598.45, "trend": 4.590667, "fair_value": 5.615573, "relative_strength": -29.390586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.605278, "energy": 53.909535, "activity_lines": [ 3.595333, 3.766545, 4.192381, 4.393591 ] }, { "date": "2026-03-27", "close": 3.45, "volume": 39228, "typical_volume": 28593.05, "trend": 4.541333, "fair_value": 5.333535, "relative_strength": -29.632143, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.453275, "energy": 59.377919, "activity_lines": [ 3.53, 3.674727, 4.089238, 4.32 ] }, { "date": "2026-04-03", "close": 3.03, "volume": 11519, "typical_volume": 28029.9, "trend": 4.479333, "fair_value": 5.054997, "relative_strength": -39.588603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.283785, "energy": 74.667518, "activity_lines": [ 3.334667, 3.531091, 3.953952, 4.222495 ] }, { "date": "2026-04-10", "close": 3.06, "volume": 20020, "typical_volume": 27576.25, "trend": 4.417333, "fair_value": 4.795045, "relative_strength": -41.158895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.913523, "energy": 72.873999, "activity_lines": [ 3.212667, 3.418545, 3.831857, 4.130925 ] }, { "date": "2026-04-17", "close": 3.34, "volume": 65697, "typical_volume": 30408.5, "trend": 4.378667, "fair_value": 4.642338, "relative_strength": -36.526795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.320524, "energy": 63.243545, "activity_lines": [ 3.229333, 3.374, 3.747095, 4.061419 ] }, { "date": "2026-04-24", "close": 3.47, "volume": 6309, "typical_volume": 29854.1, "trend": 4.335, "fair_value": 4.486173, "relative_strength": -31.650134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.735341, "energy": 51.484032, "activity_lines": [ 3.293333, 3.365091, 3.68519, 4.002796 ] }, { "date": "2026-05-01", "close": 3.31, "volume": 3976, "typical_volume": 28877.25, "trend": 4.300333, "fair_value": 4.335726, "relative_strength": -33.26317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.582044, "energy": 43.832056, "activity_lines": [ 3.306667, 3.338182, 3.616381, 3.936667 ] }, { "date": "2026-05-08", "close": 3.35, "volume": 15458, "typical_volume": 26956.1, "trend": 4.250333, "fair_value": 4.191666, "relative_strength": -32.048423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.723139, "energy": 34.427863, "activity_lines": [ 3.342667, 3.323818, 3.56019, 3.875355 ] }, { "date": "2026-05-15", "close": 3.42, "volume": 12356, "typical_volume": 27477.8, "trend": 4.211, "fair_value": 4.163316, "relative_strength": -29.242423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.992686, "energy": 31.620494, "activity_lines": [ 3.380667, 3.333636, 3.517571, 3.821785 ] }, { "date": "2026-05-22", "close": 3.6, "volume": 11804, "typical_volume": 26788.05, "trend": 4.177667, "fair_value": 4.137346, "relative_strength": -27.602709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.63196, "energy": 26.235315, "activity_lines": [ 3.454667, 3.382, 3.497667, 3.782366 ] }, { "date": "2026-05-29", "close": 3.7, "volume": 16287, "typical_volume": 26781.25, "trend": 4.146333, "fair_value": 4.093869, "relative_strength": -24.741793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.155343, "energy": 18.737761, "activity_lines": [ 3.544667, 3.444909, 3.494905, 3.751548 ] }, { "date": "2026-06-05", "close": 3.7, "volume": 6001, "typical_volume": 25374.35, "trend": 4.099667, "fair_value": 4.064126, "relative_strength": -23.617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.005277, "energy": 16.849255, "activity_lines": [ 3.619333, 3.504364, 3.498333, 3.722753 ] }, { "date": "2026-06-12", "close": 3.96, "volume": 500, "typical_volume": 23236.15, "trend": 4.058333, "fair_value": 4.036172, "relative_strength": -17.640103, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.797356, "energy": 18.368596, "activity_lines": [ 3.754667, 3.606545, 3.531762, 3.713742 ] }, { "date": "2026-06-19", "close": 3.29, "volume": 44539, "typical_volume": 24266.05, "trend": 3.991333, "fair_value": 4.000339, "relative_strength": -32.374215, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.83152, "energy": 18.40309, "activity_lines": [ 3.626, 3.57, 3.503667, 3.664172 ] }, { "date": "2026-06-26", "close": 3.53, "volume": 2834, "typical_volume": 23038.3, "trend": 3.924333, "fair_value": 3.967736, "relative_strength": -26.363632, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.88281, "energy": 10.208276, "activity_lines": [ 3.586, 3.572909, 3.50181, 3.634409 ] }, { "date": "2026-07-03", "close": 3.39, "volume": 6185, "typical_volume": 22100.6, "trend": 3.863333, "fair_value": 3.941005, "relative_strength": -30.826449, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.350658, "energy": 19.669233, "activity_lines": [ 3.504, 3.546909, 3.488857, 3.599935 ] }, { "date": "2026-07-10", "close": 3.3, "volume": 20154, "typical_volume": 21389.4, "trend": 3.801333, "fair_value": 3.912928, "relative_strength": -30.338597, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.445064, "energy": 29.013178, "activity_lines": [ 3.412667, 3.506, 3.470619, 3.563591 ] }, { "date": "2026-07-17", "close": 3.65, "volume": 1819, "typical_volume": 17865.75, "trend": 3.763, "fair_value": 3.889557, "relative_strength": -21.444622, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.772451, "energy": 16.574819, "activity_lines": [ 3.464667, 3.528909, 3.487143, 3.553828 ] }, { "date": "2026-07-24", "close": 3.49, "volume": 9105, "typical_volume": 16947.05, "trend": 3.726333, "fair_value": 3.859313, "relative_strength": -25.213985, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.225522, "energy": 16.588779, "activity_lines": [ 3.484, 3.517273, 3.49, 3.536215 ] }, { "date": "2026-07-31", "close": 3.59, "volume": 6949, "typical_volume": 15691.15, "trend": 3.672667, "fair_value": 3.834326, "relative_strength": -23.31835, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.09755, "energy": 6.688196, "activity_lines": [ 3.523333, 3.522545, 3.503571, 3.527419 ] }, { "date": "2026-08-07", "close": 3.17, "volume": 4600, "typical_volume": 15267.0, "trend": 3.611667, "fair_value": 3.816031, "relative_strength": -32.853051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.46931, "energy": 21.059429, "activity_lines": [ 3.418667, 3.451636, 3.476238, 3.494989 ] } ], "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." } } }