{ "ticker": { "uuid": "0a7bd3c9-5968-4e01-a746-7e49406f1d67", "symbol": "CINPHA", "name": "Cinclus Pharma Holding 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": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -44.1, "architecture_energy": 40.115, "architecture_maturity": 81.839, "architecture_confidence": 82.064, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 29.88, "rotation_up": 27.98, "upward_expansion": 25.32, "deceleration": 44.3, "rotation_down": 31.25, "downward_expansion": 61.65 }, "activity_lines": [ 12.064, 11.859273, 12.133143, 13.093591 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 12.28, "trend_reference": 14.487333, "distance_from_trend": -0.152363, "trend_direction": "Weakening", "fair_value": 18.411152, "distance_from_fair_value": -0.333013, "fair_value_direction": "Improving", "relative_strength": -30.451345, "relative_strength_direction": "Improving", "price_momentum": -0.271649, "excess_performance": -0.333143, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.152363, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.124315, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.333013, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.04316, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.304513, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.040124, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.271649, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.245982, "read": "Demand-led" } ], "volume": { "latest": 236261, "relative_activity": 0.616935, "balance": 1.245982, "dry_up": 0.434941, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.05312, "annualized_volatility": 0.521785, "from_high_reference": -0.374745, "from_low_reference": 0.132841 }, "levels": { "trend_reference": 14.487333, "fair_value_reference": 18.411152, "structural_low": 10.84, "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": 3, "median_return": -0.00817, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.022697, "regime_survival": 1.0, "best_return": 0.04, "worst_return": -0.052718, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.02451, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.056286, "regime_survival": 1.0, "best_return": -0.02451, "worst_return": -0.02451, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-02-13", "tenure": "Developing", "return": -0.068817, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-04-17", "tenure": "Developing", "return": -0.015964, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.003268, "active": true } ], "chart_path": [ { "date": "2024-06-21", "close": 32.605, "volume": 4642609, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 31.0, "volume": 3028214, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 33.599998, "volume": 2262487, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 34.200001, "volume": 1226185, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 32.799999, "volume": 1089292, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 31.6, "volume": 334633, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 31.485001, "volume": 857407, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 32.915001, "volume": 666239, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 31.565001, "volume": 211902, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 30.815001, "volume": 193226, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 30.5, "volume": 154730, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 28.705, "volume": 206070, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 27.805, "volume": 137568, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 27.905001, "volume": 76432, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 28.0, "volume": 226189, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 29.215, "volume": 189723, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 28.475, "volume": 132711, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 27.299999, "volume": 85051, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 25.975, "volume": 195947, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 24.610001, "volume": 148349, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 23.004999, "volume": 259431, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 20.764999, "volume": 453416, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 20.01, "volume": 255014, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 20.0, "volume": 565229, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 19.638, "volume": 565440, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 23.6, "volume": 656205, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 20.295, "volume": 600429, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 20.5, "volume": 126749, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 22.9, "volume": 295044, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 20.115, "volume": 579588, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 18.700001, "volume": 295569, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 18.681999, "volume": 188233, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 18.983999, "volume": 296156, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 18.354, "volume": 214201, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 16.898001, "volume": 205513, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 15.996, "volume": 639702, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 14.58, "volume": 455382, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 13.288, "volume": 621977, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 11.6, "volume": 460520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 12.394, "volume": 261549, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 11.7, "volume": 310740, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 10.81, "volume": 144768, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 11.0, "volume": 148111, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 10.18, "volume": 185755, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 10.4, "volume": 200519, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 10.28, "volume": 287609, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 9.8, "volume": 482532, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 9.96, "volume": 353334, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 15.74, "volume": 3003390, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 15.12, "volume": 952620, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 15.68, "volume": 427586, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 17.52, "volume": 1060216, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 16.58, "volume": 423824, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 16.040001, "volume": 368860, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 15.7, "volume": 258885, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 15.7, "volume": 190063, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 16.68, "volume": 226157, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 17.299999, "volume": 137694, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 17.18, "volume": 417133, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 17.280001, "volume": 135621, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 16.16, "volume": 257485, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 16.059999, "volume": 234984, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 15.6, "volume": 312222, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 15.08, "volume": 504029, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 17.16, "volume": 629526, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 17.16, "volume": 525632, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 16.040001, "volume": 381368, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 17.34, "volume": 335007, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 16.459999, "volume": 315999, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 15.74, "volume": 134573, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 16.379999, "volume": 280613, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 16.4, "volume": 109103, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 17.440001, "volume": 331142, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 17.6, "volume": 200963, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 17.4, "volume": 230456, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 17.48, "volume": 202819, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 17.0, "volume": 96080, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 18.360001, "volume": 331235, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 17.860001, "volume": 268491, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 18.6, "volume": 108540, "typical_volume": 289513.35, "trend": 16.766, "fair_value": 19.866863, "relative_strength": 8.403436, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.518969, "energy": 48.025658, "activity_lines": [ 18.066667, 17.752728, 17.249048, 17.022366 ] }, { "date": "2026-01-02", "close": 19.200001, "volume": 160100, "typical_volume": 284644.1, "trend": 16.883333, "fair_value": 19.85863, "relative_strength": 11.527737, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.292252, "energy": 65.156522, "activity_lines": [ 18.513334, 18.070546, 17.471334, 17.179398 ] }, { "date": "2026-01-09", "close": 18.879999, "volume": 192904, "typical_volume": 282540.1, "trend": 16.928667, "fair_value": 19.846695, "relative_strength": 6.782925, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.832266, "energy": 61.816447, "activity_lines": [ 18.738667, 18.278909, 17.648667, 17.308215 ] }, { "date": "2026-01-16", "close": 19.1, "volume": 181680, "typical_volume": 276013.0, "trend": 17.012667, "fair_value": 19.837699, "relative_strength": 6.029782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.043873, "energy": 65.734222, "activity_lines": [ 18.912, 18.482182, 17.833524, 17.448301 ] }, { "date": "2026-01-23", "close": 18.76, "volume": 175286, "typical_volume": 259575.85, "trend": 17.103333, "fair_value": 19.824869, "relative_strength": 5.286106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.518792, "energy": 53.633789, "activity_lines": [ 18.922667, 18.593455, 17.969333, 17.561032 ] }, { "date": "2026-01-30", "close": 17.32, "volume": 233941, "typical_volume": 239796.6, "trend": 17.157333, "fair_value": 19.7954, "relative_strength": -2.772846, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.586392, "energy": 23.220417, "activity_lines": [ 18.393333, 18.421818, 17.950476, 17.575011 ] }, { "date": "2026-02-06", "close": 16.860001, "volume": 259680, "typical_volume": 226499.0, "trend": 17.196, "fair_value": 19.761267, "relative_strength": -7.735306, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.393691, "energy": 13.172953, "activity_lines": [ 17.796, 18.168, 17.887048, 17.555828 ] }, { "date": "2026-02-13", "close": 17.32, "volume": 111232, "typical_volume": 212992.2, "trend": 17.217333, "fair_value": 19.733207, "relative_strength": -4.988725, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.059335, "energy": 18.109253, "activity_lines": [ 17.508, 18.009091, 17.868857, 17.563828 ] }, { "date": "2026-02-20", "close": 17.540001, "volume": 129667, "typical_volume": 202725.2, "trend": 17.225333, "fair_value": 19.708284, "relative_strength": -5.50728, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.108454, "energy": 20.05132, "activity_lines": [ 17.397334, 17.884364, 17.865524, 17.584645 ] }, { "date": "2026-02-27", "close": 17.440001, "volume": 229167, "typical_volume": 198383.6, "trend": 17.234, "fair_value": 19.682798, "relative_strength": -7.297378, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.906772, "energy": 14.178079, "activity_lines": [ 17.357334, 17.756364, 17.851715, 17.598495 ] }, { "date": "2026-03-06", "close": 17.139999, "volume": 116278, "typical_volume": 197468.85, "trend": 17.229333, "fair_value": 19.654545, "relative_strength": -3.614132, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.395313, "energy": 9.94674, "activity_lines": [ 17.305334, 17.581455, 17.804667, 17.59243 ] }, { "date": "2026-03-13", "close": 17.9, "volume": 161889, "typical_volume": 191532.65, "trend": 17.287333, "fair_value": 19.635264, "relative_strength": 0.789317, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.389087, "energy": 8.505903, "activity_lines": [ 17.518667, 17.571273, 17.823334, 17.635699 ] }, { "date": "2026-03-20", "close": 17.26, "volume": 144651, "typical_volume": 193310.05, "trend": 17.327333, "fair_value": 19.609446, "relative_strength": 1.974081, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.231146, "energy": 6.926067, "activity_lines": [ 17.449333, 17.468364, 17.77381, 17.633936 ] }, { "date": "2026-03-27", "close": 16.860001, "volume": 84832, "typical_volume": 180994.55, "trend": 17.369333, "fair_value": 19.579882, "relative_strength": -0.777551, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.798893, "energy": 11.273561, "activity_lines": [ 17.250667, 17.322182, 17.682096, 17.603785 ] }, { "date": "2026-04-03", "close": 16.299999, "volume": 55766, "typical_volume": 173734.7, "trend": 17.41, "fair_value": 19.544989, "relative_strength": -7.595621, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.333083, "energy": 21.330829, "activity_lines": [ 16.910667, 17.114909, 17.53981, 17.534796 ] }, { "date": "2026-04-10", "close": 16.440001, "volume": 85751, "typical_volume": 166499.45, "trend": 17.386, "fair_value": 19.512305, "relative_strength": -11.254703, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.754859, "energy": 36.428107, "activity_lines": [ 16.693334, 16.977818, 17.417048, 17.472215 ] }, { "date": "2026-04-17", "close": 17.26, "volume": 178487, "typical_volume": 165282.85, "trend": 17.389334, "fair_value": 19.488844, "relative_strength": -9.266028, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.788873, "energy": 28.992415, "activity_lines": [ 16.796, 17.005818, 17.376953, 17.464086 ] }, { "date": "2026-04-24", "close": 12.24, "volume": 4482228, "typical_volume": 384590.25, "trend": 17.262667, "fair_value": 19.414113, "relative_strength": -33.902021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.628337, "energy": 75.173776, "activity_lines": [ 15.268, 16.113818, 16.85981, 17.131871 ] }, { "date": "2026-05-01", "close": 12.36, "volume": 305042, "typical_volume": 383280.6, "trend": 17.096667, "fair_value": 19.342133, "relative_strength": -32.339145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.789355, "energy": 86.159668, "activity_lines": [ 14.114667, 15.336, 16.376762, 16.81557 ] }, { "date": "2026-05-08", "close": 12.02, "volume": 480666, "typical_volume": 393889.35, "trend": 16.948667, "fair_value": 19.268172, "relative_strength": -34.463712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.233004, "energy": 91.509774, "activity_lines": [ 13.148, 14.590546, 15.889905, 16.488043 ] }, { "date": "2026-05-15", "close": 12.24, "volume": 185631, "typical_volume": 397743.9, "trend": 16.832, "fair_value": 19.19789, "relative_strength": -32.470767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.789636, "energy": 89.753838, "activity_lines": [ 12.54, 13.983636, 15.45181, 16.184258 ] }, { "date": "2026-05-22", "close": 12.14, "volume": 210273, "typical_volume": 400252.55, "trend": 16.690667, "fair_value": 19.12801, "relative_strength": -34.835081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.644873, "energy": 87.95049, "activity_lines": [ 12.178667, 13.447636, 15.034476, 15.881549 ] }, { "date": "2026-05-29", "close": 12.0, "volume": 185041, "typical_volume": 399859.4, "trend": 16.544, "fair_value": 19.058128, "relative_strength": -34.94967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.151233, "energy": 87.725817, "activity_lines": [ 12.112, 12.990909, 14.637429, 15.578925 ] }, { "date": "2026-06-05", "close": 12.22, "volume": 106580, "typical_volume": 396104.4, "trend": 16.37, "fair_value": 18.991738, "relative_strength": -32.79093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.05782, "energy": 78.541313, "activity_lines": [ 12.134667, 12.669818, 14.294095, 15.299957 ] }, { "date": "2026-06-12", "close": 12.16, "volume": 9459, "typical_volume": 387813.05, "trend": 16.188667, "fair_value": 18.926048, "relative_strength": -32.342589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.28556, "energy": 69.408897, "activity_lines": [ 12.146667, 12.422182, 13.97781, 15.028344 ] }, { "date": "2026-06-19", "close": 11.5, "volume": 187163, "typical_volume": 385474.15, "trend": 15.992, "fair_value": 18.855324, "relative_strength": -36.658353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.044352, "energy": 66.228775, "activity_lines": [ 11.929333, 12.129818, 13.630095, 14.72585 ] }, { "date": "2026-06-26", "close": 10.94, "volume": 25944, "typical_volume": 373787.35, "trend": 15.774, "fair_value": 18.780651, "relative_strength": -38.658041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.858923, "energy": 69.432319, "activity_lines": [ 11.574667, 11.825455, 13.256762, 14.399914 ] }, { "date": "2026-07-03", "close": 11.18, "volume": 159816, "typical_volume": 376216.55, "trend": 15.58, "fair_value": 18.709617, "relative_strength": -38.530646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.064114, "energy": 70.822293, "activity_lines": [ 11.38, 11.679636, 12.934476, 14.103527 ] }, { "date": "2026-07-10", "close": 11.98, "volume": 250248, "typical_volume": 382245.6, "trend": 15.367333, "fair_value": 18.647306, "relative_strength": -32.137825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.341259, "energy": 62.411391, "activity_lines": [ 11.506667, 11.698545, 12.717619, 13.871269 ] }, { "date": "2026-07-17", "close": 11.96, "volume": 205080, "typical_volume": 381041.25, "trend": 15.170667, "fair_value": 18.585954, "relative_strength": -30.929855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.592371, "energy": 56.403958, "activity_lines": [ 11.642667, 11.720727, 12.525333, 13.651441 ] }, { "date": "2026-07-24", "close": 11.94, "volume": 61470, "typical_volume": 378300.85, "trend": 14.948667, "fair_value": 18.525536, "relative_strength": -31.484789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.602266, "energy": 54.92234, "activity_lines": [ 11.785333, 11.740364, 12.357238, 13.443011 ] }, { "date": "2026-07-31", "close": 11.96, "volume": 163448, "typical_volume": 378378.8, "trend": 14.707333, "fair_value": 18.466387, "relative_strength": -31.621986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.916093, "energy": 47.234716, "activity_lines": [ 11.905333, 11.769091, 12.21581, 13.250194 ] }, { "date": "2026-08-07", "close": 12.28, "volume": 236261, "typical_volume": 382959.3, "trend": 14.487333, "fair_value": 18.411152, "relative_strength": -30.451345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.09975, "energy": 40.115306, "activity_lines": [ 12.064, 11.859273, 12.133143, 13.093591 ] } ], "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." } } }