{ "ticker": { "uuid": "0b6b35a5-30a7-400e-8fe4-770b974f1ae3", "symbol": "THRY", "name": "Thryv Holdings Inc", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1a", "phase_label": "Stage 1A \u00b7 Bottoming", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -38.485, "architecture_energy": 26.958, "architecture_maturity": 32.552, "architecture_confidence": 63.323, "architecture_tenure": "New", "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": 48.48, "rotation_up": 25.52, "upward_expansion": 19.57, "deceleration": 53.74, "rotation_down": 52.41, "downward_expansion": 35.91 }, "activity_lines": [ 3.442667, 3.690455, 3.708262, 3.603989 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 2.44, "trend_reference": 3.636167, "distance_from_trend": -0.328964, "trend_direction": "Weakening", "fair_value": 13.668333, "distance_from_fair_value": -0.821485, "fair_value_direction": "Weakening", "relative_strength": -65.217349, "relative_strength_direction": "Weakening", "price_momentum": -0.374359, "excess_performance": -0.561813, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.328964, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.159138, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.821485, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.069285, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.652173, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.027242, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.374359, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.524964, "read": "Supply-led" } ], "volume": { "latest": 9459180, "relative_activity": 2.537965, "balance": 0.524964, "dry_up": 1.066869, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.286491, "annualized_volatility": 1.256025, "from_high_reference": -0.824901, "from_low_reference": 0.277487 }, "levels": { "trend_reference": 3.636167, "fair_value_reference": 13.668333, "structural_low": 1.91, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": -0.088967, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.091617, "regime_survival": 0.3, "best_return": 0.098571, "worst_return": -0.354271, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.22273, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.193672, "regime_survival": 0.0, "best_return": 0.092383, "worst_return": -0.5272, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.215789, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.334068, "regime_survival": 0.0, "best_return": -0.07775, "worst_return": -0.7456, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.270762, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.554357, "regime_survival": 0.0, "best_return": -0.186104, "worst_return": -0.7253, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-02-16", "end": "2024-03-08", "tenure": "New", "return": 0.019645, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-05-24", "tenure": "Developing", "return": -0.042476, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-06-14", "tenure": "New", "return": -0.095871, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-21", "end": "2024-07-05", "tenure": "New", "return": -0.066265, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2025-01-24", "tenure": "Extended", "return": -0.036047, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.062821, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-03-14", "tenure": "Developing", "return": -0.238569, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.271825, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-08-29", "tenure": "Established", "return": 0.130053, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-10-03", "tenure": "Developing", "return": -0.0448, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2026-05-15", "tenure": "Extended", "return": -0.682199, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-07-03", "tenure": "Developing", "return": 0.080605, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-07-24", "tenure": "New", "return": -0.066015, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.397531, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 23.38, "volume": 1025771, "typical_volume": 871557.9, "trend": 23.482, "fair_value": 24.627881, "relative_strength": -9.91063, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.655193, "energy": 15.188561, "activity_lines": [ 23.777333, 24.069091, 23.962286, 23.699871 ] }, { "date": "2023-08-25", "close": 21.11, "volume": 796736, "typical_volume": 871092.9, "trend": 23.448667, "fair_value": 24.604737, "relative_strength": -19.342784, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -37.228128, "energy": 34.448546, "activity_lines": [ 22.873333, 23.489455, 23.723619, 23.546839 ] }, { "date": "2023-09-01", "close": 20.39, "volume": 971231, "typical_volume": 889801.2, "trend": 23.311333, "fair_value": 24.57719, "relative_strength": -24.253192, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.033712, "energy": 61.715649, "activity_lines": [ 21.932667, 22.853818, 23.423714, 23.349505 ] }, { "date": "2023-09-08", "close": 19.45, "volume": 901464, "typical_volume": 915257.5, "trend": 23.167333, "fair_value": 24.543896, "relative_strength": -26.108613, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.614654, "energy": 88.289865, "activity_lines": [ 20.884667, 22.118727, 23.045095, 23.100387 ] }, { "date": "2023-09-15", "close": 19.68, "volume": 1971596, "typical_volume": 992259.45, "trend": 23.018, "fair_value": 24.512516, "relative_strength": -24.236589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.175329, "energy": 87.696519, "activity_lines": [ 20.198, 21.519091, 22.706762, 22.875398 ] }, { "date": "2023-09-22", "close": 18.38, "volume": 767604, "typical_volume": 985330.25, "trend": 22.818, "fair_value": 24.473205, "relative_strength": -26.143533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.938087, "energy": 94.168619, "activity_lines": [ 19.390667, 20.774, 22.257857, 22.576172 ] }, { "date": "2023-09-29", "close": 18.77, "volume": 1005111, "typical_volume": 995182.95, "trend": 22.638, "fair_value": 24.501282, "relative_strength": -23.945111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.171996, "energy": 89.630314, "activity_lines": [ 19.046667, 20.220909, 21.859762, 22.315011 ] }, { "date": "2023-10-06", "close": 20.1, "volume": 839590, "typical_volume": 1004335.9, "trend": 22.592, "fair_value": 24.558397, "relative_strength": -19.365408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.395837, "energy": 71.001294, "activity_lines": [ 19.302, 20.007636, 21.600238, 22.151269 ] }, { "date": "2023-10-13", "close": 18.41, "volume": 548536, "typical_volume": 1000187.5, "trend": 22.462333, "fair_value": 24.607436, "relative_strength": -25.693444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.714304, "energy": 62.38132, "activity_lines": [ 19.013333, 19.548545, 21.196476, 21.881462 ] }, { "date": "2023-10-20", "close": 17.73, "volume": 748852, "typical_volume": 998209.8, "trend": 22.313333, "fair_value": 24.654872, "relative_strength": -25.774812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.064913, "energy": 62.297792, "activity_lines": [ 18.567333, 19.062364, 20.748238, 21.576151 ] }, { "date": "2023-10-27", "close": 17.23, "volume": 1223846, "typical_volume": 1014363.05, "trend": 22.119, "fair_value": 24.710513, "relative_strength": -25.379603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.366183, "energy": 63.374504, "activity_lines": [ 18.084667, 18.606, 20.283952, 21.248194 ] }, { "date": "2023-11-03", "close": 18.53, "volume": 1344400, "typical_volume": 1022631.35, "trend": 21.981667, "fair_value": 24.764327, "relative_strength": -24.261819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.620002, "energy": 56.877937, "activity_lines": [ 18.112, 18.497818, 19.980952, 21.016645 ] }, { "date": "2023-11-10", "close": 18.06, "volume": 1000519, "typical_volume": 964377.85, "trend": 21.828333, "fair_value": 24.814391, "relative_strength": -27.819264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.398121, "energy": 53.919234, "activity_lines": [ 17.998667, 18.351091, 19.665095, 20.763634 ] }, { "date": "2023-11-17", "close": 18.87, "volume": 831719, "typical_volume": 968979.15, "trend": 21.680333, "fair_value": 24.873686, "relative_strength": -25.673606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.536161, "energy": 46.094526, "activity_lines": [ 18.291333, 18.394, 19.45619, 20.572774 ] }, { "date": "2023-11-24", "close": 18.48, "volume": 336292, "typical_volume": 963460.55, "trend": 21.547667, "fair_value": 24.930481, "relative_strength": -27.407617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.355928, "energy": 35.843927, "activity_lines": [ 18.423333, 18.376545, 19.237429, 20.366301 ] }, { "date": "2023-12-01", "close": 18.6, "volume": 562319, "typical_volume": 951854.0, "trend": 21.459333, "fair_value": 24.982404, "relative_strength": -26.638682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.19132, "energy": 32.03831, "activity_lines": [ 18.545333, 18.402727, 19.059619, 20.176129 ] }, { "date": "2023-12-08", "close": 19.18, "volume": 819837, "typical_volume": 953086.1, "trend": 21.389667, "fair_value": 25.039038, "relative_strength": -24.46065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.92853, "energy": 24.203139, "activity_lines": [ 18.769333, 18.530364, 18.967714, 20.029075 ] }, { "date": "2023-12-15", "close": 19.69, "volume": 1460745, "typical_volume": 970192.95, "trend": 21.259, "fair_value": 25.094744, "relative_strength": -24.596896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.701861, "energy": 18.48938, "activity_lines": [ 19.12, 18.743273, 18.948095, 19.919419 ] }, { "date": "2023-12-22", "close": 20.6, "volume": 789195, "typical_volume": 942134.15, "trend": 21.19, "fair_value": 25.153077, "relative_strength": -21.400615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.029502, "energy": 12.552051, "activity_lines": [ 19.665333, 19.129091, 19.03319, 19.876903 ] }, { "date": "2023-12-29", "close": 20.35, "volume": 519070, "typical_volume": 923221.65, "trend": 21.056333, "fair_value": 25.196987, "relative_strength": -22.094342, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.572764, "energy": 16.63993, "activity_lines": [ 20.012, 19.429636, 19.109333, 19.82271 ] }, { "date": "2024-01-05", "close": 18.23, "volume": 697351, "typical_volume": 906800.65, "trend": 20.827333, "fair_value": 25.226987, "relative_strength": -27.376471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.77317, "energy": 18.462376, "activity_lines": [ 19.527333, 19.297091, 19.002714, 19.640366 ] }, { "date": "2024-01-12", "close": 18.62, "volume": 555538, "typical_volume": 894740.75, "trend": 20.607, "fair_value": 25.226538, "relative_strength": -27.569025, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.681883, "energy": 15.597039, "activity_lines": [ 19.197333, 19.217273, 18.957762, 19.497957 ] }, { "date": "2024-01-19", "close": 18.99, "volume": 456072, "typical_volume": 868982.8, "trend": 20.429333, "fair_value": 25.225833, "relative_strength": -27.507812, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.766276, "energy": 19.736032, "activity_lines": [ 19.028, 19.203091, 18.959905, 19.393634 ] }, { "date": "2024-01-26", "close": 21.16, "volume": 531496, "typical_volume": 850484.4, "trend": 20.314667, "fair_value": 25.240833, "relative_strength": -19.094524, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.713903, "energy": 8.203832, "activity_lines": [ 19.628667, 19.566545, 19.175381, 19.440774 ] }, { "date": "2024-02-02", "close": 20.74, "volume": 604960, "typical_volume": 782152.6, "trend": 20.183333, "fair_value": 25.245705, "relative_strength": -20.866068, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.065932, "energy": 17.41358, "activity_lines": [ 20.052, 19.812, 19.342714, 19.468215 ] }, { "date": "2024-02-09", "close": 21.49, "volume": 429902, "typical_volume": 765267.5, "trend": 20.065, "fair_value": 25.228974, "relative_strength": -18.727682, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.503128, "energy": 50.441295, "activity_lines": [ 20.699333, 20.152727, 19.576429, 19.552516 ] }, { "date": "2024-02-16", "close": 21.38, "volume": 628450, "typical_volume": 746434.45, "trend": 19.972333, "fair_value": 25.229679, "relative_strength": -17.106816, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.601146, "energy": 57.579737, "activity_lines": [ 21.092667, 20.420909, 19.784857, 19.637355 ] }, { "date": "2024-02-23", "close": 19.9, "volume": 1009842, "typical_volume": 754947.05, "trend": 19.853, "fair_value": 25.218462, "relative_strength": -22.988821, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.697148, "energy": 43.206169, "activity_lines": [ 20.808667, 20.38, 19.839905, 19.632688 ] }, { "date": "2024-03-01", "close": 21.78, "volume": 1288800, "typical_volume": 791960.25, "trend": 19.788333, "fair_value": 25.24609, "relative_strength": -16.506068, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.180154, "energy": 41.351389, "activity_lines": [ 21.090667, 20.677091, 20.074952, 19.757011 ] }, { "date": "2024-03-08", "close": 21.8, "volume": 865866, "typical_volume": 797810.95, "trend": 19.702667, "fair_value": 25.257628, "relative_strength": -14.464066, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.626779, "energy": 39.049506, "activity_lines": [ 21.338, 20.956364, 20.295857, 19.886796 ] }, { "date": "2024-03-15", "close": 22.13, "volume": 1109204, "typical_volume": 792078.85, "trend": 19.661, "fair_value": 25.268077, "relative_strength": -11.488045, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.060778, "energy": 40.533255, "activity_lines": [ 21.624667, 21.269273, 20.52881, 20.043398 ] }, { "date": "2024-03-22", "close": 22.13, "volume": 801651, "typical_volume": 764941.4, "trend": 19.695, "fair_value": 25.252051, "relative_strength": -13.427654, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.161069, "energy": 53.584918, "activity_lines": [ 21.868667, 21.511273, 20.738429, 20.202688 ] }, { "date": "2024-03-29", "close": 22.23, "volume": 489120, "typical_volume": 739371.45, "trend": 19.756333, "fair_value": 25.239231, "relative_strength": -11.91362, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.10886, "energy": 52.200149, "activity_lines": [ 22.096, 21.707636, 20.940429, 20.366237 ] }, { "date": "2024-04-05", "close": 21.85, "volume": 501759, "typical_volume": 722873.45, "trend": 19.836333, "fair_value": 25.228654, "relative_strength": -12.066501, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.174288, "energy": 44.851214, "activity_lines": [ 22.041333, 21.776, 21.086381, 20.501312 ] }, { "date": "2024-04-12", "close": 22.34, "volume": 529122, "typical_volume": 732514.95, "trend": 19.925, "fair_value": 25.203782, "relative_strength": -9.003252, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.635527, "energy": 38.784328, "activity_lines": [ 22.145333, 21.920909, 21.26481, 20.662839 ] }, { "date": "2024-04-19", "close": 22.23, "volume": 438833, "typical_volume": 726340.65, "trend": 20.053333, "fair_value": 25.171346, "relative_strength": -3.614889, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.367398, "energy": 35.431193, "activity_lines": [ 22.176667, 22.016727, 21.414381, 20.811548 ] }, { "date": "2024-04-26", "close": 22.85, "volume": 541055, "typical_volume": 712401.55, "trend": 20.189333, "fair_value": 25.139679, "relative_strength": -4.118891, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.149602, "energy": 37.98706, "activity_lines": [ 22.408, 22.211818, 21.605714, 20.991978 ] }, { "date": "2024-05-03", "close": 21.495, "volume": 1335974, "typical_volume": 706163.0, "trend": 20.235833, "fair_value": 25.103878, "relative_strength": -10.20499, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.804773, "energy": 28.595066, "activity_lines": [ 22.139667, 22.133818, 21.650524, 21.076215 ] }, { "date": "2024-05-10", "close": 21.59, "volume": 1513396, "typical_volume": 742373.05, "trend": 20.341833, "fair_value": 25.072404, "relative_strength": -10.61788, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.701642, "energy": 20.580095, "activity_lines": [ 21.952, 22.044091, 21.695786, 21.163581 ] }, { "date": "2024-05-17", "close": 22.3, "volume": 1019678, "typical_volume": 767403.45, "trend": 20.494167, "fair_value": 25.058301, "relative_strength": -8.979527, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.100494, "energy": 21.124235, "activity_lines": [ 22.018333, 22.086909, 21.803952, 21.289914 ] }, { "date": "2024-05-24", "close": 21.19, "volume": 1014118, "typical_volume": 783241.8, "trend": 20.626167, "fair_value": 25.008237, "relative_strength": -14.093376, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.337309, "energy": 14.81521, "activity_lines": [ 21.717333, 21.918818, 21.797119, 21.334806 ] }, { "date": "2024-05-31", "close": 21.07, "volume": 839608, "typical_volume": 797445.3, "trend": 20.710833, "fair_value": 24.968365, "relative_strength": -12.508096, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.94422, "energy": 9.421881, "activity_lines": [ 21.445667, 21.746, 21.764762, 21.363441 ] }, { "date": "2024-06-07", "close": 20.66, "volume": 733492, "typical_volume": 811316.3, "trend": 20.7975, "fair_value": 24.906506, "relative_strength": -15.67175, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.209699, "energy": 9.090014, "activity_lines": [ 21.156, 21.517909, 21.68169, 21.360161 ] }, { "date": "2024-06-14", "close": 19.05, "volume": 1424247, "typical_volume": 855953.85, "trend": 20.8035, "fair_value": 24.824071, "relative_strength": -24.069107, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.088089, "energy": 35.712735, "activity_lines": [ 20.385333, 21.025636, 21.437333, 21.247419 ] }, { "date": "2024-06-21", "close": 18.26, "volume": 2464402, "typical_volume": 948925.95, "trend": 20.796167, "fair_value": 24.716314, "relative_strength": -26.574848, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.754393, "energy": 54.180914, "activity_lines": [ 19.520667, 20.440636, 21.127786, 21.083323 ] }, { "date": "2024-06-28", "close": 17.82, "volume": 2814103, "typical_volume": 1068136.0, "trend": 20.770167, "fair_value": 24.617468, "relative_strength": -27.496806, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.822338, "energy": 66.588602, "activity_lines": [ 18.778667, 19.849818, 20.788143, 20.891312 ] }, { "date": "2024-07-05", "close": 17.05, "volume": 935014, "typical_volume": 1083464.2, "trend": 20.699167, "fair_value": 24.511763, "relative_strength": -32.161865, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.257461, "energy": 82.423019, "activity_lines": [ 18.004667, 19.199182, 20.392643, 20.651301 ] }, { "date": "2024-07-12", "close": 17.2, "volume": 1149733, "typical_volume": 1090458.75, "trend": 20.616167, "fair_value": 24.430353, "relative_strength": -30.542465, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.143643, "energy": 81.274133, "activity_lines": [ 17.548667, 18.681273, 20.032048, 20.425548 ] }, { "date": "2024-07-19", "close": 18.05, "volume": 888045, "typical_volume": 1070421.0, "trend": 20.531167, "fair_value": 24.331955, "relative_strength": -23.317723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.630437, "energy": 72.620685, "activity_lines": [ 17.606667, 18.396, 19.765262, 20.259989 ] }, { "date": "2024-07-26", "close": 19.5, "volume": 852077, "typical_volume": 1069731.55, "trend": 20.502833, "fair_value": 24.244006, "relative_strength": -14.312283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.762955, "energy": 45.153869, "activity_lines": [ 18.214667, 18.438727, 19.654333, 20.193462 ] }, { "date": "2024-08-02", "close": 18.13, "volume": 1233724, "typical_volume": 1075957.55, "trend": 20.4995, "fair_value": 24.145417, "relative_strength": -17.035528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.268403, "energy": 38.041072, "activity_lines": [ 18.283333, 18.283273, 19.423881, 20.040376 ] }, { "date": "2024-08-09", "close": 16.8, "volume": 1299003, "typical_volume": 1100825.15, "trend": 20.438833, "fair_value": 24.042788, "relative_strength": -22.496012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.181496, "energy": 44.502635, "activity_lines": [ 17.888, 17.941636, 19.08581, 19.801699 ] }, { "date": "2024-08-16", "close": 17.75, "volume": 791755, "typical_volume": 1115956.9, "trend": 20.3975, "fair_value": 23.95625, "relative_strength": -21.46717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.958667, "energy": 38.715186, "activity_lines": [ 17.826, 17.850364, 18.863595, 19.628226 ] }, { "date": "2024-08-23", "close": 18.53, "volume": 583272, "typical_volume": 1120032.55, "trend": 20.309833, "fair_value": 23.881571, "relative_strength": -18.210913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.819513, "energy": 36.363266, "activity_lines": [ 17.987333, 17.953818, 18.737, 19.507742 ] }, { "date": "2024-08-30", "close": 18.22, "volume": 597164, "typical_volume": 1123434.65, "trend": 20.225833, "fair_value": 23.796699, "relative_strength": -18.413625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.650219, "energy": 34.350493, "activity_lines": [ 18.013333, 18.010364, 18.59669, 19.372914 ] }, { "date": "2024-09-06", "close": 17.49, "volume": 460053, "typical_volume": 1124495.65, "trend": 20.0925, "fair_value": 23.719968, "relative_strength": -16.402722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.419005, "energy": 35.944419, "activity_lines": [ 17.881333, 17.934909, 18.406476, 19.196409 ] }, { "date": "2024-09-13", "close": 18.49, "volume": 808529, "typical_volume": 1137869.35, "trend": 19.996167, "fair_value": 23.649583, "relative_strength": -16.074574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.699333, "energy": 23.436343, "activity_lines": [ 18.125333, 18.047273, 18.334071, 19.093022 ] }, { "date": "2024-09-20", "close": 18.29, "volume": 1689290, "typical_volume": 1155535.15, "trend": 19.9425, "fair_value": 23.578942, "relative_strength": -17.735776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.305724, "energy": 22.316538, "activity_lines": [ 18.19, 18.097091, 18.263381, 18.982946 ] }, { "date": "2024-09-27", "close": 17.38, "volume": 904575, "typical_volume": 1125094.1, "trend": 19.795833, "fair_value": 23.494712, "relative_strength": -22.075927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.951022, "energy": 31.810837, "activity_lines": [ 17.915333, 17.961636, 18.121286, 18.817624 ] }, { "date": "2024-10-04", "close": 16.93, "volume": 976006, "typical_volume": 1122910.5, "trend": 19.6335, "fair_value": 23.427019, "relative_strength": -23.516247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.016237, "energy": 35.434512, "activity_lines": [ 17.567333, 17.756545, 17.956381, 18.632731 ] }, { "date": "2024-10-11", "close": 17.41, "volume": 858476, "typical_volume": 1115128.4, "trend": 19.476167, "fair_value": 23.341763, "relative_strength": -21.798958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.152811, "energy": 35.613889, "activity_lines": [ 17.465333, 17.685455, 17.862762, 18.48928 ] }, { "date": "2024-10-18", "close": 17.19, "volume": 764126, "typical_volume": 1111354.3, "trend": 19.3115, "fair_value": 23.258878, "relative_strength": -22.44561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.766215, "energy": 44.946915, "activity_lines": [ 17.295333, 17.587455, 17.76619, 18.341785 ] }, { "date": "2024-10-25", "close": 17.58, "volume": 874114, "typical_volume": 1118385.4, "trend": 19.1565, "fair_value": 23.168558, "relative_strength": -20.318091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.935883, "energy": 35.686097, "activity_lines": [ 17.342, 17.553273, 17.725238, 18.230075 ] }, { "date": "2024-11-01", "close": 14.73, "volume": 7423767, "typical_volume": 1418361.4, "trend": 18.919167, "fair_value": 23.063878, "relative_strength": -31.548717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.137311, "energy": 58.44071, "activity_lines": [ 16.486, 17.004, 17.427524, 17.944495 ] }, { "date": "2024-11-08", "close": 14.38, "volume": 3964788, "typical_volume": 1493380.7, "trend": 18.653833, "fair_value": 22.928494, "relative_strength": -36.087587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.99901, "energy": 75.245119, "activity_lines": [ 15.69, 16.460182, 17.117048, 17.651645 ] }, { "date": "2024-11-15", "close": 13.73, "volume": 2686262, "typical_volume": 1486988.65, "trend": 18.3705, "fair_value": 22.786442, "relative_strength": -36.212845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.56366, "energy": 83.505718, "activity_lines": [ 14.847333, 15.868, 16.763143, 17.333978 ] }, { "date": "2024-11-22", "close": 14.9, "volume": 1709025, "typical_volume": 1525689.2, "trend": 18.1055, "fair_value": 22.641891, "relative_strength": -31.482498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.324326, "energy": 77.596258, "activity_lines": [ 14.64, 15.556909, 16.540143, 17.110075 ] }, { "date": "2024-11-29", "close": 15.82, "volume": 1622838, "typical_volume": 1549344.45, "trend": 17.916333, "fair_value": 22.505096, "relative_strength": -27.262835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.532174, "energy": 62.983329, "activity_lines": [ 14.892, 15.478364, 16.415, 16.962624 ] }, { "date": "2024-12-06", "close": 15.98, "volume": 1798455, "typical_volume": 1594864.95, "trend": 17.729333, "fair_value": 22.368045, "relative_strength": -28.252496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.171742, "energy": 40.25076, "activity_lines": [ 15.314667, 15.473818, 16.311667, 16.837699 ] }, { "date": "2024-12-13", "close": 15.55, "volume": 1491343, "typical_volume": 1626828.25, "trend": 17.504333, "fair_value": 22.223622, "relative_strength": -30.093285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.041731, "energy": 26.030392, "activity_lines": [ 15.510667, 15.416545, 16.177238, 16.697097 ] }, { "date": "2024-12-20", "close": 14.24, "volume": 6983491, "typical_volume": 1914316.6, "trend": 17.272667, "fair_value": 22.06016, "relative_strength": -33.81214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.597804, "energy": 30.619493, "activity_lines": [ 15.192, 15.146182, 15.936857, 16.486495 ] }, { "date": "2024-12-27", "close": 14.84, "volume": 1754610, "typical_volume": 1937096.95, "trend": 17.065, "fair_value": 21.891635, "relative_strength": -30.957322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.980283, "energy": 32.570377, "activity_lines": [ 15.039333, 15.042545, 15.772143, 16.329548 ] }, { "date": "2025-01-03", "close": 14.94, "volume": 1775420, "typical_volume": 1986280.2, "trend": 16.874333, "fair_value": 21.747019, "relative_strength": -29.383769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.155724, "energy": 34.699741, "activity_lines": [ 14.924, 14.999818, 15.626286, 16.192452 ] }, { "date": "2025-01-10", "close": 14.24, "volume": 1173484, "typical_volume": 2015790.8, "trend": 16.714, "fair_value": 21.62016, "relative_strength": -30.603314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.332944, "energy": 42.30154, "activity_lines": [ 14.634, 14.877818, 15.427143, 16.022495 ] }, { "date": "2025-01-17", "close": 15.79, "volume": 1888861, "typical_volume": 2080375.65, "trend": 16.631667, "fair_value": 21.519776, "relative_strength": -24.655095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.007289, "energy": 27.718619, "activity_lines": [ 14.976667, 15.046545, 15.396048, 15.962882 ] }, { "date": "2025-01-24", "close": 16.58, "volume": 1562290, "typical_volume": 2135487.5, "trend": 16.590333, "fair_value": 21.429135, "relative_strength": -21.351665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.663104, "energy": 11.979419, "activity_lines": [ 15.566667, 15.333273, 15.451762, 15.959548 ] }, { "date": "2025-01-31", "close": 17.51, "volume": 2242988, "typical_volume": 2207210.45, "trend": 16.605667, "fair_value": 21.337981, "relative_strength": -15.153671, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.091747, "energy": 15.577048, "activity_lines": [ 16.310667, 15.737273, 15.600381, 16.018882 ] }, { "date": "2025-02-07", "close": 18.61, "volume": 1904710, "typical_volume": 2217981.45, "trend": 16.652667, "fair_value": 21.255224, "relative_strength": -9.319879, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.376658, "energy": 43.641011, "activity_lines": [ 17.243333, 16.293818, 15.858429, 16.148194 ] }, { "date": "2025-02-14", "close": 20.12, "volume": 3209041, "typical_volume": 2333204.75, "trend": 16.721667, "fair_value": 21.196122, "relative_strength": -4.146682, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.717795, "energy": 70.321837, "activity_lines": [ 18.434667, 17.074182, 16.258762, 16.371892 ] }, { "date": "2025-02-21", "close": 18.15, "volume": 1660294, "typical_volume": 2367419.15, "trend": 16.676667, "fair_value": 21.116699, "relative_strength": -11.05117, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.564251, "energy": 62.452121, "activity_lines": [ 18.577333, 17.421091, 16.458429, 16.464043 ] }, { "date": "2025-02-28", "close": 17.24, "volume": 2563455, "typical_volume": 2452668.1, "trend": 16.647, "fair_value": 21.051186, "relative_strength": -11.867139, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.640352, "energy": 54.72023, "activity_lines": [ 18.259333, 17.555273, 16.565619, 16.500387 ] }, { "date": "2025-03-07", "close": 16.69, "volume": 2473860, "typical_volume": 2538154.8, "trend": 16.643333, "fair_value": 20.97516, "relative_strength": -11.126036, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.511357, "energy": 26.916671, "activity_lines": [ 17.714, 17.534909, 16.621238, 16.503161 ] }, { "date": "2025-03-14", "close": 15.32, "volume": 2094973, "typical_volume": 2599197.75, "trend": 16.562333, "fair_value": 20.875929, "relative_strength": -15.534573, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -9.724148, "energy": 12.255769, "activity_lines": [ 16.766667, 17.231818, 16.548762, 16.417785 ] }, { "date": "2025-03-21", "close": 15.12, "volume": 2086893, "typical_volume": 2332354.05, "trend": 16.448667, "fair_value": 20.788109, "relative_strength": -16.058025, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.412195, "energy": 23.895366, "activity_lines": [ 15.972, 16.885455, 16.468, 16.324731 ] }, { "date": "2025-03-28", "close": 13.45, "volume": 1903764, "typical_volume": 2229302.85, "trend": 16.289667, "fair_value": 20.687788, "relative_strength": -22.686466, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.609961, "energy": 45.869279, "activity_lines": [ 14.954, 16.219455, 16.226333, 16.131269 ] }, { "date": "2025-04-04", "close": 11.01, "volume": 3943117, "typical_volume": 2292145.6, "trend": 16.073667, "fair_value": 20.582724, "relative_strength": -28.904645, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -85.08563, "energy": 78.052814, "activity_lines": [ 13.436, 15.152364, 15.756714, 15.790645 ] }, { "date": "2025-04-11", "close": 11.38, "volume": 3816474, "typical_volume": 2397518.05, "trend": 15.836667, "fair_value": 20.466827, "relative_strength": -30.692226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.913892, "energy": 82.632897, "activity_lines": [ 12.456667, 14.253818, 15.335286, 15.487828 ] }, { "date": "2025-04-18", "close": 12.07, "volume": 1968377, "typical_volume": 2414795.0, "trend": 15.629333, "fair_value": 20.368558, "relative_strength": -23.698383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.555892, "energy": 80.991355, "activity_lines": [ 12.061333, 13.592182, 14.996333, 15.244817 ] }, { "date": "2025-04-25", "close": 13.43, "volume": 2527235, "typical_volume": 2451234.0, "trend": 15.497667, "fair_value": 20.289071, "relative_strength": -19.126048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.923735, "energy": 74.283029, "activity_lines": [ 12.336, 13.296727, 14.804762, 15.102925 ] }, { "date": "2025-05-02", "close": 13.61, "volume": 5311810, "typical_volume": 2642257.35, "trend": 15.387, "fair_value": 20.214135, "relative_strength": -19.812559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.964984, "energy": 45.589149, "activity_lines": [ 12.783333, 13.155636, 14.642476, 14.98114 ] }, { "date": "2025-05-09", "close": 13.75, "volume": 3575848, "typical_volume": 2471875.2, "trend": 15.265, "fair_value": 20.145865, "relative_strength": -17.891813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.597896, "energy": 30.053575, "activity_lines": [ 13.266667, 13.122545, 14.502762, 14.875527 ] }, { "date": "2025-05-16", "close": 14.23, "volume": 2353273, "typical_volume": 2501808.35, "trend": 15.166333, "fair_value": 20.08016, "relative_strength": -19.48085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.726514, "energy": 21.1892, "activity_lines": [ 13.727333, 13.240182, 14.411095, 14.808753 ] }, { "date": "2025-05-23", "close": 13.01, "volume": 2107271, "typical_volume": 2518400.9, "trend": 15.014, "fair_value": 19.993109, "relative_strength": -23.700879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.260661, "energy": 21.403012, "activity_lines": [ 13.591333, 13.180727, 14.206143, 14.669634 ] }, { "date": "2025-05-30", "close": 13.3, "volume": 1409314, "typical_volume": 2530192.4, "trend": 14.966333, "fair_value": 19.915994, "relative_strength": -22.530491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.033191, "energy": 22.066829, "activity_lines": [ 13.489333, 13.216, 14.038, 14.559054 ] }, { "date": "2025-06-06", "close": 13.6, "volume": 1592578, "typical_volume": 2515378.25, "trend": 14.940333, "fair_value": 19.845673, "relative_strength": -21.521363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.649388, "energy": 22.440015, "activity_lines": [ 13.496, 13.338909, 13.902905, 14.470903 ] }, { "date": "2025-06-13", "close": 12.85, "volume": 1498584, "typical_volume": 2512192.95, "trend": 14.911, "fair_value": 19.777724, "relative_strength": -24.741832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.799178, "energy": 34.082685, "activity_lines": [ 13.253333, 13.322727, 13.70681, 14.336043 ] }, { "date": "2025-06-20", "close": 12.56, "volume": 1624177, "typical_volume": 2481252.4, "trend": 14.833, "fair_value": 19.708622, "relative_strength": -25.787072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.663888, "energy": 36.247908, "activity_lines": [ 12.974, 13.220364, 13.500857, 14.184366 ] }, { "date": "2025-06-27", "close": 11.93, "volume": 2711531, "typical_volume": 2521593.45, "trend": 14.703333, "fair_value": 19.639135, "relative_strength": -31.680327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.197448, "energy": 50.528452, "activity_lines": [ 12.596, 12.982, 13.258476, 13.997075 ] }, { "date": "2025-07-04", "close": 12.89, "volume": 2000454, "typical_volume": 2461164.1, "trend": 14.600333, "fair_value": 19.574968, "relative_strength": -26.758476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.579248, "energy": 52.007668, "activity_lines": [ 12.61, 12.920727, 13.139333, 13.880086 ] }, { "date": "2025-07-11", "close": 12.76, "volume": 2168908, "typical_volume": 2486594.8, "trend": 14.507333, "fair_value": 19.512276, "relative_strength": -26.701406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.00938, "energy": 49.790067, "activity_lines": [ 12.608, 12.845636, 13.042238, 13.761355 ] }, { "date": "2025-07-18", "close": 11.79, "volume": 2299369, "typical_volume": 2473390.5, "trend": 14.425667, "fair_value": 19.437981, "relative_strength": -32.414269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.739947, "energy": 55.208191, "activity_lines": [ 12.338667, 12.609636, 12.878429, 13.586043 ] }, { "date": "2025-07-25", "close": 11.9, "volume": 2426385, "typical_volume": 2471016.75, "trend": 14.327667, "fair_value": 19.358237, "relative_strength": -31.494501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.905915, "energy": 47.586007, "activity_lines": [ 12.176667, 12.429273, 12.751048, 13.423097 ] }, { "date": "2025-08-01", "close": 12.13, "volume": 4024101, "typical_volume": 2567473.15, "trend": 14.234, "fair_value": 19.267724, "relative_strength": -27.747418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.205741, "energy": 42.354506, "activity_lines": [ 12.135333, 12.333091, 12.668381, 13.281312 ] }, { "date": "2025-08-08", "close": 12.87, "volume": 2952090, "typical_volume": 2610733.0, "trend": 14.188333, "fair_value": 19.166699, "relative_strength": -25.382316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.357195, "energy": 34.460263, "activity_lines": [ 12.327333, 12.387455, 12.671381, 13.193312 ] }, { "date": "2025-08-15", "close": 13.52, "volume": 2586031, "typical_volume": 2644846.35, "trend": 14.112667, "fair_value": 19.076635, "relative_strength": -21.278634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.331837, "energy": 15.103651, "activity_lines": [ 12.737333, 12.567818, 12.747, 13.150194 ] }, { "date": "2025-08-22", "close": 13.8, "volume": 2004165, "typical_volume": 2547898.75, "trend": 14.02, "fair_value": 18.993942, "relative_strength": -18.116178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.953244, "energy": 14.769597, "activity_lines": [ 13.19, 12.800545, 12.848952, 13.130022 ] }, { "date": "2025-08-29", "close": 12.86, "volume": 2334379, "typical_volume": 2473794.0, "trend": 13.865, "fair_value": 18.915545, "relative_strength": -22.680183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.526625, "energy": 19.361999, "activity_lines": [ 13.195333, 12.845091, 12.848095, 13.055183 ] }, { "date": "2025-09-05", "close": 12.5, "volume": 1891017, "typical_volume": 2469926.0, "trend": 13.661333, "fair_value": 18.828429, "relative_strength": -24.714245, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.588722, "energy": 15.151899, "activity_lines": [ 13.016667, 12.818727, 12.805905, 12.967118 ] }, { "date": "2025-09-12", "close": 12.51, "volume": 2434649, "typical_volume": 2465296.7, "trend": 13.407667, "fair_value": 18.753622, "relative_strength": -25.126595, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.423485, "energy": 9.522195, "activity_lines": [ 12.816667, 12.783818, 12.762619, 12.892839 ] }, { "date": "2025-09-19", "close": 12.15, "volume": 2678516, "typical_volume": 2333632.0, "trend": 13.207667, "fair_value": 18.684776, "relative_strength": -27.952464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.929299, "energy": 24.791603, "activity_lines": [ 12.520667, 12.690364, 12.689429, 12.811699 ] }, { "date": "2025-09-26", "close": 12.21, "volume": 1808864, "typical_volume": 2245282.8, "trend": 13.04, "fair_value": 18.616699, "relative_strength": -26.496642, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.705589, "energy": 33.629779, "activity_lines": [ 12.336, 12.618909, 12.628905, 12.747333 ] }, { "date": "2025-10-03", "close": 11.94, "volume": 2232731, "typical_volume": 2239255.7, "trend": 12.881667, "fair_value": 18.551122, "relative_strength": -28.231975, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.215441, "energy": 45.665208, "activity_lines": [ 12.167333, 12.490727, 12.55, 12.676366 ] }, { "date": "2025-10-10", "close": 10.73, "volume": 2232851, "typical_volume": 2245534.7, "trend": 12.728667, "fair_value": 18.491058, "relative_strength": -33.203751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.10144, "energy": 65.970813, "activity_lines": [ 11.656667, 12.141818, 12.366762, 12.537548 ] }, { "date": "2025-10-17", "close": 11.08, "volume": 2007851, "typical_volume": 2275461.55, "trend": 12.594, "fair_value": 18.432083, "relative_strength": -31.874748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.849325, "energy": 64.800375, "activity_lines": [ 11.380667, 11.882, 12.227714, 12.431183 ] }, { "date": "2025-10-24", "close": 12.46, "volume": 1457178, "typical_volume": 2268691.55, "trend": 12.561, "fair_value": 18.376571, "relative_strength": -24.186229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.033085, "energy": 48.227387, "activity_lines": [ 11.66, 11.905636, 12.230667, 12.422538 ] }, { "date": "2025-10-31", "close": 7.71, "volume": 7794456, "typical_volume": 2583485.15, "trend": 12.451, "fair_value": 18.311955, "relative_strength": -53.370337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.645228, "energy": 79.307059, "activity_lines": [ 10.335333, 11.084909, 11.786667, 12.10957 ] }, { "date": "2025-11-07", "close": 6.26, "volume": 7507214, "typical_volume": 2877637.0, "trend": 12.280333, "fair_value": 18.225288, "relative_strength": -60.422696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.657559, "energy": 93.212083, "activity_lines": [ 8.827333, 10.111273, 11.229048, 11.710151 ] }, { "date": "2025-11-14", "close": 5.88, "volume": 5466798, "typical_volume": 3015400.35, "trend": 12.074, "fair_value": 18.140545, "relative_strength": -62.263966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.147406, "energy": 95.829861, "activity_lines": [ 7.571333, 9.188545, 10.665238, 11.297226 ] }, { "date": "2025-11-21", "close": 5.54, "volume": 4965542, "typical_volume": 3163654.75, "trend": 11.811, "fair_value": 18.050609, "relative_strength": -62.747595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.691462, "energy": 94.145118, "activity_lines": [ 6.525333, 8.324364, 10.097857, 10.875677 ] }, { "date": "2025-11-28", "close": 5.63, "volume": 4720286, "typical_volume": 3291223.65, "trend": 11.545, "fair_value": 17.965224, "relative_strength": -63.307309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.025552, "energy": 90.047008, "activity_lines": [ 5.878667, 7.603273, 9.574048, 10.476903 ] }, { "date": "2025-12-05", "close": 5.91, "volume": 3924034, "typical_volume": 3372456.9, "trend": 11.283667, "fair_value": 17.889519, "relative_strength": -61.232262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.440843, "energy": 88.472301, "activity_lines": [ 5.780667, 7.051636, 9.110857, 10.113355 ] }, { "date": "2025-12-12", "close": 5.82, "volume": 5409296, "typical_volume": 3521602.45, "trend": 11.003333, "fair_value": 17.812788, "relative_strength": -60.461369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.845515, "energy": 82.714986, "activity_lines": [ 5.772667, 6.598182, 8.667095, 9.76086 ] }, { "date": "2025-12-19", "close": 6.11, "volume": 11608376, "typical_volume": 3900816.2, "trend": 10.773333, "fair_value": 17.733045, "relative_strength": -58.127828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.834097, "energy": 65.398166, "activity_lines": [ 5.890667, 6.308727, 8.279905, 9.445161 ] }, { "date": "2025-12-26", "close": 6.1, "volume": 2641604, "typical_volume": 3885291.9, "trend": 10.533333, "fair_value": 17.650353, "relative_strength": -58.068623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.415888, "energy": 62.367158, "activity_lines": [ 5.99, 6.101455, 7.920429, 9.143656 ] }, { "date": "2026-01-02", "close": 5.67, "volume": 2785004, "typical_volume": 3895240.55, "trend": 10.269, "fair_value": 17.562147, "relative_strength": -59.684582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.781787, "energy": 59.550276, "activity_lines": [ 5.908667, 5.906545, 7.552238, 8.829892 ] }, { "date": "2026-01-09", "close": 5.52, "volume": 3026138, "typical_volume": 3946339.2, "trend": 10.024667, "fair_value": 17.469583, "relative_strength": -60.96338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.148719, "energy": 62.308326, "activity_lines": [ 5.774667, 5.807818, 7.207143, 8.523505 ] }, { "date": "2026-01-16", "close": 5.18, "volume": 3309508, "typical_volume": 3995095.65, "trend": 9.778667, "fair_value": 17.368173, "relative_strength": -62.341429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.725038, "energy": 64.730808, "activity_lines": [ 5.553333, 5.687091, 6.869095, 8.210946 ] }, { "date": "2026-01-23", "close": 5.01, "volume": 2479930, "typical_volume": 4024541.3, "trend": 9.548, "fair_value": 17.258558, "relative_strength": -62.908321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.734943, "energy": 66.348843, "activity_lines": [ 5.318, 5.555091, 6.551429, 7.90329 ] }, { "date": "2026-01-30", "close": 4.81, "volume": 3807858, "typical_volume": 4093201.75, "trend": 9.278667, "fair_value": 17.132276, "relative_strength": -63.500308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.346778, "energy": 91.121929, "activity_lines": [ 5.089333, 5.402545, 6.250381, 7.597613 ] }, { "date": "2026-02-06", "close": 3.9, "volume": 5833823, "typical_volume": 4250967.1, "trend": 8.983333, "fair_value": 17.004904, "relative_strength": -68.985841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.375019, "energy": 96.705364, "activity_lines": [ 4.643333, 5.097818, 5.899333, 7.250602 ] }, { "date": "2026-02-13", "close": 3.62, "volume": 6463995, "typical_volume": 4483723.65, "trend": 8.711, "fair_value": 16.873237, "relative_strength": -69.958835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.516705, "energy": 95.894322, "activity_lines": [ 4.222, 4.773636, 5.560905, 6.904581 ] }, { "date": "2026-02-20", "close": 3.9, "volume": 4095956, "typical_volume": 4576884.9, "trend": 8.444333, "fair_value": 16.741955, "relative_strength": -67.108351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.514464, "energy": 90.621591, "activity_lines": [ 4.020667, 4.542, 5.290048, 6.594194 ] }, { "date": "2026-02-27", "close": 2.32, "volume": 17346441, "typical_volume": 5332564.4, "trend": 8.117333, "fair_value": 16.601891, "relative_strength": -79.780254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.404238, "energy": 77.623182, "activity_lines": [ 3.378, 4.058, 4.907, 6.199075 ] }, { "date": "2026-03-06", "close": 3.18, "volume": 10938655, "typical_volume": 5779104.6, "trend": 7.794333, "fair_value": 16.484583, "relative_strength": -71.088924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.15515, "energy": 68.71894, "activity_lines": [ 3.201333, 3.799273, 4.645905, 5.880538 ] }, { "date": "2026-03-13", "close": 2.94, "volume": 4507699, "typical_volume": 5931630.65, "trend": 7.441667, "fair_value": 16.360481, "relative_strength": -72.208287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.721851, "energy": 69.252402, "activity_lines": [ 3.053333, 3.55, 4.399571, 5.567355 ] }, { "date": "2026-03-20", "close": 2.78, "volume": 7259817, "typical_volume": 5904898.7, "trend": 7.074333, "fair_value": 16.235994, "relative_strength": -72.39505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.256554, "energy": 69.284853, "activity_lines": [ 2.916, 3.321273, 4.183333, 5.266602 ] }, { "date": "2026-03-27", "close": 2.49, "volume": 2909106, "typical_volume": 5674993.3, "trend": 6.728667, "fair_value": 16.104135, "relative_strength": -73.73928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.586116, "energy": 68.565213, "activity_lines": [ 2.738, 3.089636, 3.962952, 4.970839 ] }, { "date": "2026-04-03", "close": 2.8, "volume": 1975644, "typical_volume": 5500435.6, "trend": 6.405333, "fair_value": 15.976891, "relative_strength": -70.890273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.530586, "energy": 64.477928, "activity_lines": [ 2.757333, 2.963273, 3.790048, 4.717376 ] }, { "date": "2026-04-10", "close": 2.9, "volume": 2847558, "typical_volume": 5394536.4, "trend": 6.085, "fair_value": 15.850224, "relative_strength": -70.431784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.320414, "energy": 61.485781, "activity_lines": [ 2.778, 2.895273, 3.641333, 4.491226 ] }, { "date": "2026-04-17", "close": 3.24, "volume": 2713724, "typical_volume": 5294208.3, "trend": 5.788, "fair_value": 15.721571, "relative_strength": -68.033957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.685557, "energy": 49.633872, "activity_lines": [ 2.930667, 2.923818, 3.537571, 4.307677 ] }, { "date": "2026-04-24", "close": 3.32, "volume": 2048785, "typical_volume": 5200445.85, "trend": 5.491667, "fair_value": 15.598878, "relative_strength": -66.994059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.359541, "energy": 39.296536, "activity_lines": [ 3.09, 2.978909, 3.45281, 4.148452 ] }, { "date": "2026-05-01", "close": 3.83, "volume": 9378162, "typical_volume": 5398889.15, "trend": 5.221333, "fair_value": 15.487212, "relative_strength": -61.413558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.395088, "energy": 25.568631, "activity_lines": [ 3.383333, 3.132182, 3.428952, 4.041247 ] }, { "date": "2026-05-08", "close": 3.81, "volume": 5289606, "typical_volume": 5082950.65, "trend": 4.990667, "fair_value": 15.375288, "relative_strength": -62.493171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.653005, "energy": 22.767224, "activity_lines": [ 3.580667, 3.283091, 3.412667, 3.950194 ] }, { "date": "2026-05-15", "close": 3.41, "volume": 4917355, "typical_volume": 5196738.2, "trend": 4.735, "fair_value": 15.245801, "relative_strength": -65.266118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.527714, "energy": 20.173301, "activity_lines": [ 3.577333, 3.334182, 3.369238, 3.848215 ] }, { "date": "2026-05-22", "close": 3.97, "volume": 5342001, "typical_volume": 5324588.05, "trend": 4.452, "fair_value": 15.125929, "relative_strength": -58.899499, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.752112, "energy": 14.373219, "activity_lines": [ 3.726667, 3.482909, 3.391952, 3.79886 ] }, { "date": "2026-05-29", "close": 3.88, "volume": 4121330, "typical_volume": 5379347.65, "trend": 4.324333, "fair_value": 14.994647, "relative_strength": -59.785862, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.168205, "energy": 13.895591, "activity_lines": [ 3.797333, 3.596545, 3.41419, 3.761957 ] }, { "date": "2026-06-05", "close": 3.72, "volume": 3727679, "typical_volume": 5400256.2, "trend": 4.239667, "fair_value": 14.857596, "relative_strength": -58.371134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.88838, "energy": 12.890662, "activity_lines": [ 3.777333, 3.661091, 3.429, 3.722968 ] }, { "date": "2026-06-12", "close": 3.86, "volume": 2060290, "typical_volume": 5379274.2, "trend": 4.172333, "fair_value": 14.720609, "relative_strength": -56.517604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.644882, "energy": 13.793865, "activity_lines": [ 3.811333, 3.728727, 3.464095, 3.698473 ] }, { "date": "2026-06-19", "close": 3.5, "volume": 2156761, "typical_volume": 5296719.35, "trend": 4.104333, "fair_value": 14.587147, "relative_strength": -60.411368, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.222156, "energy": 8.946243, "activity_lines": [ 3.722, 3.711636, 3.470381, 3.655097 ] }, { "date": "2026-06-26", "close": 4.18, "volume": 4544312, "typical_volume": 5232243.8, "trend": 4.056, "fair_value": 14.45625, "relative_strength": -49.18993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.247745, "energy": 11.284506, "activity_lines": [ 3.853333, 3.807273, 3.547667, 3.659978 ] }, { "date": "2026-07-03", "close": 4.29, "volume": 2598766, "typical_volume": 5038982.35, "trend": 4.002, "fair_value": 14.325545, "relative_strength": -46.782539, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.956705, "energy": 24.477273, "activity_lines": [ 4.007333, 3.905818, 3.634095, 3.675075 ] }, { "date": "2026-07-10", "close": 4.09, "volume": 2005188, "typical_volume": 4934443.95, "trend": 3.944333, "fair_value": 14.19125, "relative_strength": -48.640943, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.637427, "energy": 25.037109, "activity_lines": [ 4.067333, 3.950364, 3.698286, 3.680753 ] }, { "date": "2026-07-17", "close": 3.845, "volume": 1868837, "typical_volume": 4160563.75, "trend": 3.868833, "fair_value": 14.061026, "relative_strength": -48.210523, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.65182, "energy": 30.177672, "activity_lines": [ 4.021, 3.945636, 3.738238, 3.674344 ] }, { "date": "2026-07-24", "close": 3.82, "volume": 2812514, "typical_volume": 3754256.7, "trend": 3.792833, "fair_value": 13.935, "relative_strength": -46.210394, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.369146, "energy": 18.16489, "activity_lines": [ 3.967333, 3.935727, 3.768548, 3.671194 ] }, { "date": "2026-07-31", "close": 4.05, "volume": 1764666, "typical_volume": 3617105.05, "trend": 3.738833, "fair_value": 13.80891, "relative_strength": -41.540185, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.528555, "energy": 16.209814, "activity_lines": [ 3.969, 3.960182, 3.817714, 3.687785 ] }, { "date": "2026-08-07", "close": 2.44, "volume": 9459180, "typical_volume": 3727073.2, "trend": 3.636167, "fair_value": 13.668333, "relative_strength": -65.217349, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.485044, "energy": 26.958445, "activity_lines": [ 3.442667, 3.690455, 3.708262, 3.603989 ] } ], "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." } } }