{ "ticker": { "uuid": "0c7a0c89-ab6d-4040-9266-8a79b1ab4899", "symbol": "TNIE", "name": "tonies SE", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 45.837, "architecture_energy": 33.11, "architecture_maturity": 63.023, "architecture_confidence": 60.46, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 27.7, "rotation_up": 40.25, "upward_expansion": 66.11, "deceleration": 65.27, "rotation_down": 24.92, "downward_expansion": 16.11 }, "activity_lines": [ 12.296, 12.343273, 11.770095, 11.44129 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 12.04, "trend_reference": 11.14, "distance_from_trend": 0.08079, "trend_direction": "Improving", "fair_value": 7.241859, "distance_from_fair_value": 0.662557, "fair_value_direction": "Improving", "relative_strength": 11.804288, "relative_strength_direction": "Weakening", "price_momentum": 0.078853, "excess_performance": 0.014213, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08079, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.08828, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.662557, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.146587, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.118043, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.056245, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.078853, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.394535, "read": "Demand-led" } ], "volume": { "latest": 675002, "relative_activity": 1.076972, "balance": 1.394535, "dry_up": 1.017282, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.072834, "annualized_volatility": 0.311823, "from_high_reference": -0.102832, "from_low_reference": 1.101222 }, "levels": { "trend_reference": 11.14, "fair_value_reference": 7.241859, "structural_low": 9.56, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": -0.006741, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.004218, "regime_survival": 0.681818, "best_return": 0.230769, "worst_return": -0.110465, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.012028, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.059704, "regime_survival": 0.375, "best_return": 0.291173, "worst_return": -0.089091, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.036254, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.041973, "regime_survival": 0.6, "best_return": 0.517787, "worst_return": -0.174927, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.30916, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.099024, "regime_survival": 0.666667, "best_return": 0.577259, "worst_return": -0.126761, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-16", "end": "2024-04-26", "tenure": "Developing", "return": 0.086316, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-03", "end": "2024-07-26", "tenure": "Established", "return": 0.176923, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-10-11", "tenure": "Developing", "return": 0.123779, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-11-22", "tenure": "Developing", "return": -0.072581, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": 0.033241, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": -0.041899, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": -0.014535, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.144543, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-05-23", "tenure": "Developing", "return": 0.143382, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": -0.050336, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.022609, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2026-03-20", "tenure": "Extended", "return": 0.330698, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-06-12", "tenure": "Developing", "return": 0.137795, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.066667, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.685, "volume": 23313, "typical_volume": 169721.05, "trend": 5.148333, "fair_value": 6.95825, "relative_strength": -14.515364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.191946, "energy": 39.639672, "activity_lines": [ 4.711, 4.751364, 4.893976, 4.986312 ] }, { "date": "2023-08-25", "close": 5.0, "volume": 105596, "typical_volume": 173877.6, "trend": 5.121667, "fair_value": 6.942066, "relative_strength": -8.930657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.69178, "energy": 23.913392, "activity_lines": [ 4.797333, 4.779909, 4.894024, 4.976742 ] }, { "date": "2023-09-01", "close": 5.11, "volume": 84853, "typical_volume": 168366.5, "trend": 5.1, "fair_value": 6.927049, "relative_strength": -8.129177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.639053, "energy": 11.860299, "activity_lines": [ 4.908333, 4.837727, 4.903881, 4.975989 ] }, { "date": "2023-09-08", "close": 4.95, "volume": 63287, "typical_volume": 160882.65, "trend": 5.073667, "fair_value": 6.910976, "relative_strength": -10.262142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.479837, "energy": 16.604704, "activity_lines": [ 4.948, 4.864364, 4.899929, 4.966312 ] }, { "date": "2023-09-15", "close": 4.77, "volume": 50564, "typical_volume": 158852.85, "trend": 5.045333, "fair_value": 6.89371, "relative_strength": -13.964013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.292524, "energy": 19.400075, "activity_lines": [ 4.911, 4.857182, 4.878881, 4.94672 ] }, { "date": "2023-09-22", "close": 4.635, "volume": 346334, "typical_volume": 171071.25, "trend": 5.0165, "fair_value": 6.87564, "relative_strength": -14.388432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.661627, "energy": 22.150917, "activity_lines": [ 4.821667, 4.823909, 4.848262, 4.920247 ] }, { "date": "2023-09-29", "close": 4.6, "volume": 308700, "typical_volume": 169996.45, "trend": 4.987167, "fair_value": 6.857579, "relative_strength": -13.667608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.567687, "energy": 38.109388, "activity_lines": [ 4.724, 4.784455, 4.818143, 4.893376 ] }, { "date": "2023-10-06", "close": 4.55, "volume": 71517, "typical_volume": 165598.75, "trend": 4.9555, "fair_value": 6.839409, "relative_strength": -13.203094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.162916, "energy": 57.983669, "activity_lines": [ 4.636333, 4.739909, 4.787786, 4.865172 ] }, { "date": "2023-10-13", "close": 4.92, "volume": 106102, "typical_volume": 161571.5, "trend": 4.942833, "fair_value": 6.824414, "relative_strength": -5.363857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.338701, "energy": 38.151486, "activity_lines": [ 4.709333, 4.767909, 4.794095, 4.862882 ] }, { "date": "2023-10-20", "close": 4.64, "volume": 63166, "typical_volume": 106042.75, "trend": 4.934167, "fair_value": 6.807481, "relative_strength": -7.999136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.860126, "energy": 38.005291, "activity_lines": [ 4.691, 4.741, 4.774167, 4.843344 ] }, { "date": "2023-10-27", "close": 4.8, "volume": 42379, "typical_volume": 104870.25, "trend": 4.932167, "fair_value": 6.792038, "relative_strength": -3.815265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.794174, "energy": 21.298278, "activity_lines": [ 4.734667, 4.743545, 4.771286, 4.834688 ] }, { "date": "2023-11-03", "close": 4.9, "volume": 66090, "typical_volume": 102542.15, "trend": 4.9335, "fair_value": 6.777595, "relative_strength": -4.727817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.356254, "energy": 13.176711, "activity_lines": [ 4.800667, 4.762182, 4.778881, 4.832613 ] }, { "date": "2023-11-10", "close": 4.74, "volume": 75130, "typical_volume": 103319.05, "trend": 4.911167, "fair_value": 6.762159, "relative_strength": -7.790013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.374869, "energy": 12.417229, "activity_lines": [ 4.793333, 4.753545, 4.774143, 4.820129 ] }, { "date": "2023-11-17", "close": 4.945, "volume": 110920, "typical_volume": 104772.4, "trend": 4.910667, "fair_value": 6.748496, "relative_strength": -7.421974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.02638, "energy": 10.94257, "activity_lines": [ 4.841667, 4.788909, 4.790143, 4.822312 ] }, { "date": "2023-11-24", "close": 4.96, "volume": 169746, "typical_volume": 108053.15, "trend": 4.894, "fair_value": 6.735149, "relative_strength": -7.349216, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.662175, "energy": 10.101813, "activity_lines": [ 4.893333, 4.827091, 4.80731, 4.825495 ] }, { "date": "2023-12-01", "close": 4.825, "volume": 221639, "typical_volume": 113962.95, "trend": 4.8735, "fair_value": 6.721, "relative_strength": -11.280389, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.405786, "energy": 7.383504, "activity_lines": [ 4.878667, 4.837273, 4.81031, 4.821043 ] }, { "date": "2023-12-08", "close": 4.93, "volume": 226903, "typical_volume": 112999.55, "trend": 4.852833, "fair_value": 6.707831, "relative_strength": -10.696254, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.327154, "energy": 11.561997, "activity_lines": [ 4.897333, 4.863091, 4.822452, 4.824688 ] }, { "date": "2023-12-15", "close": 4.92, "volume": 34887, "typical_volume": 112381.35, "trend": 4.855167, "fair_value": 6.694781, "relative_strength": -10.225033, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.804083, "energy": 16.434555, "activity_lines": [ 4.910667, 4.881091, 4.833119, 4.829022 ] }, { "date": "2023-12-22", "close": 4.83, "volume": 45194, "typical_volume": 113212.95, "trend": 4.849167, "fair_value": 6.681268, "relative_strength": -11.220665, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.445173, "energy": 8.898328, "activity_lines": [ 4.882, 4.876, 4.834833, 4.827398 ] }, { "date": "2023-12-29", "close": 5.25, "volume": 175861, "typical_volume": 119609.05, "trend": 4.856833, "fair_value": 6.670971, "relative_strength": -3.090057, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.846301, "energy": 32.409364, "activity_lines": [ 5.001, 4.948909, 4.875929, 4.853258 ] }, { "date": "2024-01-05", "close": 5.3, "volume": 69904, "typical_volume": 121938.6, "trend": 4.866833, "fair_value": 6.661179, "relative_strength": -0.862196, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.9673, "energy": 53.249911, "activity_lines": [ 5.117333, 5.019818, 4.918976, 4.881849 ] }, { "date": "2024-01-12", "close": 5.24, "volume": 47138, "typical_volume": 119015.7, "trend": 4.857833, "fair_value": 6.651099, "relative_strength": -2.327641, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.857043, "energy": 58.862567, "activity_lines": [ 5.182, 5.070727, 4.953381, 4.905925 ] }, { "date": "2024-01-19", "close": 4.965, "volume": 159585, "typical_volume": 122752.3, "trend": 4.856833, "fair_value": 6.639225, "relative_strength": -6.112902, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.971349, "energy": 52.972749, "activity_lines": [ 5.134333, 5.065455, 4.960452, 4.912839 ] }, { "date": "2024-01-26", "close": 4.89, "volume": 43476, "typical_volume": 121761.75, "trend": 4.856833, "fair_value": 6.626993, "relative_strength": -9.22935, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.589841, "energy": 26.624325, "activity_lines": [ 5.058667, 5.042455, 4.961071, 4.914978 ] }, { "date": "2024-02-02", "close": 4.92, "volume": 258698, "typical_volume": 132168.45, "trend": 4.864667, "fair_value": 6.615139, "relative_strength": -7.986066, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.500581, "energy": 14.809793, "activity_lines": [ 4.989, 5.025909, 4.964833, 4.919054 ] }, { "date": "2024-02-09", "close": 4.8, "volume": 110460, "typical_volume": 120374.75, "trend": 4.869833, "fair_value": 6.602621, "relative_strength": -9.772538, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.838722, "energy": 15.649759, "activity_lines": [ 4.901333, 4.988273, 4.956452, 4.914882 ] }, { "date": "2024-02-16", "close": 4.75, "volume": 70762, "typical_volume": 108477.85, "trend": 4.8675, "fair_value": 6.589932, "relative_strength": -11.244013, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.675438, "energy": 18.650487, "activity_lines": [ 4.830333, 4.942, 4.942524, 4.907151 ] }, { "date": "2024-02-23", "close": 5.04, "volume": 142869, "typical_volume": 112045.45, "trend": 4.874167, "fair_value": 6.579388, "relative_strength": -7.044097, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.816129, "energy": 14.332872, "activity_lines": [ 4.888667, 4.951727, 4.9555, 4.91828 ] }, { "date": "2024-03-01", "close": 5.03, "volume": 98704, "typical_volume": 111675.55, "trend": 4.885167, "fair_value": 6.568919, "relative_strength": -8.494867, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.533831, "energy": 10.93802, "activity_lines": [ 4.938667, 4.957455, 4.96519, 4.928333 ] }, { "date": "2024-03-08", "close": 4.9, "volume": 116632, "typical_volume": 114348.85, "trend": 4.893167, "fair_value": 6.557718, "relative_strength": -10.806628, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.645687, "energy": 8.978735, "activity_lines": [ 4.936, 4.935909, 4.961976, 4.92929 ] }, { "date": "2024-03-15", "close": 4.885, "volume": 73669, "typical_volume": 115913.35, "trend": 4.899833, "fair_value": 6.546567, "relative_strength": -11.206032, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.802251, "energy": 11.666028, "activity_lines": [ 4.929667, 4.918, 4.956095, 4.928763 ] }, { "date": "2024-03-22", "close": 4.7, "volume": 128479, "typical_volume": 119032.8, "trend": 4.889833, "fair_value": 6.534338, "relative_strength": -15.464322, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.028872, "energy": 14.764485, "activity_lines": [ 4.856, 4.874, 4.93219, 4.915871 ] }, { "date": "2024-03-29", "close": 4.7, "volume": 73127, "typical_volume": 118932.65, "trend": 4.876167, "fair_value": 6.52227, "relative_strength": -16.475458, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.249587, "energy": 32.415154, "activity_lines": [ 4.785667, 4.839818, 4.909238, 4.903624 ] }, { "date": "2024-04-05", "close": 4.85, "volume": 173339, "typical_volume": 122053.6, "trend": 4.872833, "fair_value": 6.51134, "relative_strength": -12.055741, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.585641, "energy": 31.378061, "activity_lines": [ 4.788, 4.837727, 4.900762, 4.901935 ] }, { "date": "2024-04-12", "close": 5.28, "volume": 279562, "typical_volume": 127544.4, "trend": 4.889833, "fair_value": 6.503344, "relative_strength": -2.657205, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.245677, "energy": 16.656826, "activity_lines": [ 4.945667, 4.914545, 4.93369, 4.928204 ] }, { "date": "2024-04-19", "close": 5.18, "volume": 157309, "typical_volume": 124327.9, "trend": 4.908, "fair_value": 6.494806, "relative_strength": -3.33734, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.123318, "energy": 33.72138, "activity_lines": [ 5.044667, 4.966636, 4.955571, 4.946925 ] }, { "date": "2024-04-26", "close": 5.16, "volume": 106156, "typical_volume": 118290.55, "trend": 4.926667, "fair_value": 6.48625, "relative_strength": -5.603511, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.242332, "energy": 40.983656, "activity_lines": [ 5.117333, 5.008182, 4.973857, 4.963183 ] }, { "date": "2024-05-03", "close": 5.2, "volume": 134475, "typical_volume": 123269.95, "trend": 4.948333, "fair_value": 6.457724, "relative_strength": -3.709654, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.911084, "energy": 54.544766, "activity_lines": [ 5.172667, 5.049545, 4.994857, 4.980817 ] }, { "date": "2024-05-10", "close": 5.44, "volume": 69559, "typical_volume": 124488.2, "trend": 4.965667, "fair_value": 6.430417, "relative_strength": -3.037426, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.687261, "energy": 68.419497, "activity_lines": [ 5.274667, 5.131636, 5.037381, 5.012538 ] }, { "date": "2024-05-17", "close": 6.1, "volume": 551284, "typical_volume": 143259.35, "trend": 5.014333, "fair_value": 6.408141, "relative_strength": 8.92702, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.036867, "energy": 78.608408, "activity_lines": [ 5.557333, 5.326273, 5.139857, 5.08572 ] }, { "date": "2024-05-24", "close": 6.34, "volume": 112674, "typical_volume": 145397.85, "trend": 5.065667, "fair_value": 6.386731, "relative_strength": 13.092777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.844647, "energy": 88.600765, "activity_lines": [ 5.865333, 5.542727, 5.261143, 5.171247 ] }, { "date": "2024-05-31", "close": 6.4, "volume": 60089, "typical_volume": 146045.4, "trend": 5.115667, "fair_value": 6.36609, "relative_strength": 15.123823, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.337371, "energy": 91.94101, "activity_lines": [ 6.116, 5.743636, 5.38319, 5.257333 ] }, { "date": "2024-06-07", "close": 6.9, "volume": 197679, "typical_volume": 147950.1, "trend": 5.187667, "fair_value": 6.348846, "relative_strength": 23.260909, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.606399, "energy": 95.428052, "activity_lines": [ 6.450667, 6.004545, 5.547333, 5.372452 ] }, { "date": "2024-06-14", "close": 6.98, "volume": 133270, "typical_volume": 152439.8, "trend": 5.2555, "fair_value": 6.330192, "relative_strength": 28.120285, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.888158, "energy": 92.955581, "activity_lines": [ 6.698667, 6.24, 5.709881, 5.488086 ] }, { "date": "2024-06-21", "close": 6.78, "volume": 140546, "typical_volume": 146532.2, "trend": 5.316167, "fair_value": 6.310962, "relative_strength": 22.891826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.957357, "energy": 84.513955, "activity_lines": [ 6.777333, 6.400364, 5.843429, 5.586441 ] }, { "date": "2024-06-28", "close": 6.88, "volume": 147334, "typical_volume": 148375.9, "trend": 5.384667, "fair_value": 6.291923, "relative_strength": 23.629662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.016753, "energy": 67.447408, "activity_lines": [ 6.844, 6.551636, 5.977643, 5.687333 ] }, { "date": "2024-07-05", "close": 6.76, "volume": 158195, "typical_volume": 152747.55, "trend": 5.445667, "fair_value": 6.272564, "relative_strength": 19.401512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.892763, "energy": 61.043297, "activity_lines": [ 6.834667, 6.650182, 6.090524, 5.776065 ] }, { "date": "2024-07-12", "close": 6.62, "volume": 185216, "typical_volume": 154864.9, "trend": 5.502333, "fair_value": 6.252147, "relative_strength": 14.761891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.493151, "energy": 53.896868, "activity_lines": [ 6.754667, 6.694182, 6.1805, 5.851828 ] }, { "date": "2024-07-19", "close": 6.36, "volume": 189335, "typical_volume": 159396.45, "trend": 5.553333, "fair_value": 6.229615, "relative_strength": 13.382118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.710947, "energy": 40.989019, "activity_lines": [ 6.606667, 6.665091, 6.23819, 5.907161 ] }, { "date": "2024-07-26", "close": 6.12, "volume": 153004, "typical_volume": 161215.05, "trend": 5.582333, "fair_value": 6.206026, "relative_strength": 7.391471, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.053724, "energy": 26.927494, "activity_lines": [ 6.42, 6.575636, 6.26669, 5.94372 ] }, { "date": "2024-08-02", "close": 6.14, "volume": 143242, "typical_volume": 164693.7, "trend": 5.610333, "fair_value": 6.182981, "relative_strength": 11.987411, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.976745, "energy": 24.98005, "activity_lines": [ 6.284, 6.489455, 6.291286, 5.979699 ] }, { "date": "2024-08-09", "close": 6.4, "volume": 182507, "typical_volume": 167395.1, "trend": 5.649, "fair_value": 6.161923, "relative_strength": 15.844225, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.336349, "energy": 22.653023, "activity_lines": [ 6.284, 6.454182, 6.334667, 6.030645 ] }, { "date": "2024-08-16", "close": 6.52, "volume": 41091, "typical_volume": 165793.3, "trend": 5.700833, "fair_value": 6.141378, "relative_strength": 13.768499, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.411721, "energy": 22.829903, "activity_lines": [ 6.348, 6.440727, 6.381381, 6.086839 ] }, { "date": "2024-08-23", "close": 6.82, "volume": 57402, "typical_volume": 159996.45, "trend": 5.765167, "fair_value": 6.122917, "relative_strength": 16.687787, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.059357, "energy": 35.252536, "activity_lines": [ 6.518667, 6.488727, 6.448, 6.159043 ] }, { "date": "2024-08-30", "close": 6.32, "volume": 33586, "typical_volume": 147697.65, "trend": 5.811833, "fair_value": 6.096314, "relative_strength": 6.4907, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.533854, "energy": 26.79078, "activity_lines": [ 6.492, 6.448727, 6.457619, 6.194839 ] }, { "date": "2024-09-06", "close": 6.04, "volume": 60662, "typical_volume": 142865.3, "trend": 5.853167, "fair_value": 6.069968, "relative_strength": 5.037127, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.439362, "energy": 13.470033, "activity_lines": [ 6.358667, 6.366182, 6.435619, 6.209559 ] }, { "date": "2024-09-13", "close": 6.2, "volume": 33163, "typical_volume": 139215.65, "trend": 5.9015, "fair_value": 6.044135, "relative_strength": 5.324931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.575176, "energy": 9.353798, "activity_lines": [ 6.285333, 6.328, 6.424762, 6.231935 ] }, { "date": "2024-09-20", "close": 6.36, "volume": 57061, "typical_volume": 135344.95, "trend": 5.9455, "fair_value": 6.01234, "relative_strength": 7.649081, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.620229, "energy": 13.823477, "activity_lines": [ 6.278667, 6.329091, 6.42419, 6.261516 ] }, { "date": "2024-09-27", "close": 6.64, "volume": 97988, "typical_volume": 136766.4, "trend": 5.999167, "fair_value": 5.977147, "relative_strength": 7.763101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.936158, "energy": 13.959614, "activity_lines": [ 6.376, 6.385818, 6.444762, 6.306323 ] }, { "date": "2024-10-04", "close": 6.78, "volume": 43657, "typical_volume": 111385.05, "trend": 6.061833, "fair_value": 5.943686, "relative_strength": 11.685939, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.640053, "energy": 27.342411, "activity_lines": [ 6.532, 6.462909, 6.472952, 6.356699 ] }, { "date": "2024-10-11", "close": 6.9, "volume": 83992, "typical_volume": 109950.95, "trend": 6.129, "fair_value": 5.912276, "relative_strength": 11.960712, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 60.787251, "energy": 49.894438, "activity_lines": [ 6.697333, 6.549818, 6.509333, 6.410774 ] }, { "date": "2024-10-18", "close": 7.44, "volume": 538829, "typical_volume": 133887.95, "trend": 6.220333, "fair_value": 5.887019, "relative_strength": 18.51627, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.555223, "energy": 71.986041, "activity_lines": [ 6.985333, 6.721091, 6.594476, 6.495355 ] }, { "date": "2024-10-25", "close": 7.8, "volume": 229190, "typical_volume": 135463.5, "trend": 6.323667, "fair_value": 5.866442, "relative_strength": 24.931724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.864866, "energy": 82.246114, "activity_lines": [ 7.310667, 6.938909, 6.708952, 6.597269 ] }, { "date": "2024-11-01", "close": 7.72, "volume": 185242, "typical_volume": 138062.1, "trend": 6.419333, "fair_value": 5.846058, "relative_strength": 24.405798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.974696, "energy": 80.083487, "activity_lines": [ 7.513333, 7.118909, 6.811524, 6.687355 ] }, { "date": "2024-11-08", "close": 7.38, "volume": 214689, "typical_volume": 141769.25, "trend": 6.489333, "fair_value": 5.823173, "relative_strength": 18.654853, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.431218, "energy": 73.180447, "activity_lines": [ 7.530667, 7.220727, 6.87819, 6.749333 ] }, { "date": "2024-11-15", "close": 6.82, "volume": 145009, "typical_volume": 141653.0, "trend": 6.544, "fair_value": 5.793814, "relative_strength": 9.389481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.540465, "energy": 43.227976, "activity_lines": [ 7.321333, 7.201455, 6.888667, 6.770667 ] }, { "date": "2024-11-22", "close": 6.9, "volume": 205119, "typical_volume": 143999.2, "trend": 6.602, "fair_value": 5.763045, "relative_strength": 9.722505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.95025, "energy": 26.132507, "activity_lines": [ 7.144, 7.182545, 6.907048, 6.793634 ] }, { "date": "2024-11-29", "close": 7.22, "volume": 86323, "typical_volume": 139054.55, "trend": 6.669333, "fair_value": 5.734327, "relative_strength": 12.543986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.536021, "energy": 19.325516, "activity_lines": [ 7.109333, 7.209091, 6.955238, 6.833505 ] }, { "date": "2024-12-06", "close": 7.66, "volume": 164003, "typical_volume": 137787.95, "trend": 6.743333, "fair_value": 5.708429, "relative_strength": 14.412388, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.234161, "energy": 26.002589, "activity_lines": [ 7.26, 7.3, 7.042476, 6.897419 ] }, { "date": "2024-12-13", "close": 7.46, "volume": 150524, "typical_volume": 137663.95, "trend": 6.788667, "fair_value": 5.68125, "relative_strength": 10.842287, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.482499, "energy": 31.605225, "activity_lines": [ 7.348, 7.336, 7.104476, 6.943656 ] }, { "date": "2024-12-20", "close": 7.16, "volume": 106140, "typical_volume": 135808.85, "trend": 6.816, "fair_value": 5.652147, "relative_strength": 8.723279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.671156, "energy": 30.639748, "activity_lines": [ 7.330667, 7.305091, 7.131524, 6.967613 ] }, { "date": "2024-12-27", "close": 7.08, "volume": 26226, "typical_volume": 127994.8, "trend": 6.838667, "fair_value": 5.622532, "relative_strength": 6.719541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.591351, "energy": 27.594918, "activity_lines": [ 7.264, 7.254909, 7.146095, 6.984645 ] }, { "date": "2025-01-03", "close": 7.38, "volume": 148808, "typical_volume": 133380.65, "trend": 6.854667, "fair_value": 5.600609, "relative_strength": 11.34755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.206302, "energy": 24.71844, "activity_lines": [ 7.285333, 7.265818, 7.186, 7.01957 ] }, { "date": "2025-01-10", "close": 6.86, "volume": 112892, "typical_volume": 136155.15, "trend": 6.850667, "fair_value": 5.575994, "relative_strength": 1.770419, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.207081, "energy": 13.391935, "activity_lines": [ 7.122667, 7.189818, 7.172286, 7.019914 ] }, { "date": "2025-01-17", "close": 6.88, "volume": 102362, "typical_volume": 139593.95, "trend": 6.854, "fair_value": 5.566571, "relative_strength": -1.461269, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.758556, "energy": 10.307822, "activity_lines": [ 7.02, 7.133091, 7.160286, 7.021806 ] }, { "date": "2025-01-24", "close": 6.5, "volume": 321875, "typical_volume": 152654.6, "trend": 6.841333, "fair_value": 5.556955, "relative_strength": -9.123802, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.221138, "energy": 21.371731, "activity_lines": [ 6.829333, 7.016364, 7.109429, 6.998968 ] }, { "date": "2025-01-31", "close": 6.78, "volume": 124540, "typical_volume": 157223.45, "trend": 6.842, "fair_value": 5.550737, "relative_strength": -6.793098, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.566965, "energy": 26.422016, "activity_lines": [ 6.776, 6.956364, 7.083048, 6.995011 ] }, { "date": "2025-02-07", "close": 6.78, "volume": 141216, "typical_volume": 161431.2, "trend": 6.847333, "fair_value": 5.542917, "relative_strength": -7.175453, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.327367, "energy": 33.367659, "activity_lines": [ 6.742667, 6.898545, 7.053905, 6.991011 ] }, { "date": "2025-02-14", "close": 6.64, "volume": 135800, "typical_volume": 163321.8, "trend": 6.856667, "fair_value": 5.539327, "relative_strength": -12.113348, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.710765, "energy": 38.850719, "activity_lines": [ 6.702667, 6.823273, 7.009429, 6.977634 ] }, { "date": "2025-02-21", "close": 6.38, "volume": 203533, "typical_volume": 171315.6, "trend": 6.865333, "fair_value": 5.53984, "relative_strength": -14.683898, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.672713, "energy": 41.085354, "activity_lines": [ 6.590667, 6.719273, 6.94019, 6.946882 ] }, { "date": "2025-02-28", "close": 6.1, "volume": 248920, "typical_volume": 179562.0, "trend": 6.864, "fair_value": 5.54016, "relative_strength": -19.321936, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.348804, "energy": 54.071533, "activity_lines": [ 6.418667, 6.584, 6.84619, 6.897505 ] }, { "date": "2025-03-07", "close": 5.8, "volume": 284805, "typical_volume": 166860.8, "trend": 6.844, "fair_value": 5.536635, "relative_strength": -24.715782, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.281418, "energy": 75.68288, "activity_lines": [ 6.173333, 6.413455, 6.727429, 6.82886 ] }, { "date": "2025-03-14", "close": 5.44, "volume": 315169, "typical_volume": 171159.75, "trend": 6.808, "fair_value": 5.530801, "relative_strength": -29.175472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.3421, "energy": 86.269303, "activity_lines": [ 5.873333, 6.200727, 6.58219, 6.73828 ] }, { "date": "2025-03-21", "close": 5.46, "volume": 147367, "typical_volume": 169266.0, "trend": 6.762667, "fair_value": 5.525417, "relative_strength": -28.538864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.882164, "energy": 88.996333, "activity_lines": [ 5.669333, 6.026909, 6.450095, 6.651312 ] }, { "date": "2025-03-28", "close": 5.58, "volume": 167267, "typical_volume": 166894.9, "trend": 6.738, "fair_value": 5.521571, "relative_strength": -25.54507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.543329, "energy": 84.871571, "activity_lines": [ 5.584, 5.900364, 6.34019, 6.575011 ] }, { "date": "2025-04-04", "close": 5.04, "volume": 262925, "typical_volume": 172790.7, "trend": 6.704667, "fair_value": 5.515673, "relative_strength": -26.72578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.597654, "energy": 91.187663, "activity_lines": [ 5.372, 5.699273, 6.187429, 6.465462 ] }, { "date": "2025-04-11", "close": 5.5, "volume": 439725, "typical_volume": 184521.0, "trend": 6.681333, "fair_value": 5.513365, "relative_strength": -18.87291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.610343, "energy": 66.286814, "activity_lines": [ 5.384, 5.608364, 6.086952, 6.387742 ] }, { "date": "2025-04-18", "close": 5.84, "volume": 190789, "typical_volume": 189744.3, "trend": 6.664, "fair_value": 5.511314, "relative_strength": -17.156862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.637786, "energy": 50.889636, "activity_lines": [ 5.529333, 5.602545, 6.025524, 6.333462 ] }, { "date": "2025-04-25", "close": 5.88, "volume": 158025, "typical_volume": 189445.4, "trend": 6.638667, "fair_value": 5.514776, "relative_strength": -20.385685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.728986, "energy": 40.843295, "activity_lines": [ 5.661333, 5.621091, 5.974476, 6.282882 ] }, { "date": "2025-05-02", "close": 5.66, "volume": 128667, "typical_volume": 188352.55, "trend": 6.601333, "fair_value": 5.520673, "relative_strength": -25.979418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.901512, "energy": 30.269593, "activity_lines": [ 5.692, 5.613455, 5.910952, 6.219742 ] }, { "date": "2025-05-09", "close": 6.6, "volume": 157888, "typical_volume": 190939.95, "trend": 6.591333, "fair_value": 5.527981, "relative_strength": -15.158051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.426422, "energy": 19.052329, "activity_lines": [ 6.030667, 5.789818, 5.945524, 6.219656 ] }, { "date": "2025-05-16", "close": 6.45, "volume": 122881, "typical_volume": 195772.7, "trend": 6.558333, "fair_value": 5.533558, "relative_strength": -17.760038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.964623, "energy": 18.608292, "activity_lines": [ 6.215333, 5.929818, 5.968476, 6.210538 ] }, { "date": "2025-05-23", "close": 6.22, "volume": 166285, "typical_volume": 196646.55, "trend": 6.505667, "fair_value": 5.538173, "relative_strength": -19.875419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.969513, "energy": 18.820269, "activity_lines": [ 6.26, 6.016182, 5.972524, 6.18871 ] }, { "date": "2025-05-30", "close": 5.96, "volume": 178675, "typical_volume": 199935.7, "trend": 6.447, "fair_value": 5.543429, "relative_strength": -23.967204, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.793825, "energy": 18.023265, "activity_lines": [ 6.192667, 6.041091, 5.957333, 6.153505 ] }, { "date": "2025-06-06", "close": 6.26, "volume": 104327, "typical_volume": 200033.95, "trend": 6.409667, "fair_value": 5.553429, "relative_strength": -20.614737, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.585789, "energy": 12.359784, "activity_lines": [ 6.22, 6.111455, 5.975, 6.141441 ] }, { "date": "2025-06-13", "close": 6.05, "volume": 74405, "typical_volume": 187660.45, "trend": 6.384, "fair_value": 5.565032, "relative_strength": -20.088253, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.743943, "energy": 7.053224, "activity_lines": [ 6.137333, 6.131273, 5.975619, 6.118237 ] }, { "date": "2025-06-20", "close": 5.61, "volume": 90419, "typical_volume": 185954.4, "trend": 6.341, "fair_value": 5.572532, "relative_strength": -24.776524, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.027293, "energy": 22.724703, "activity_lines": [ 5.944667, 6.052727, 5.936476, 6.068301 ] }, { "date": "2025-06-27", "close": 6.05, "volume": 123958, "typical_volume": 185091.5, "trend": 6.302, "fair_value": 5.584904, "relative_strength": -20.580581, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.000475, "energy": 16.427206, "activity_lines": [ 5.954667, 6.052182, 5.94481, 6.049527 ] }, { "date": "2025-07-04", "close": 5.79, "volume": 126990, "typical_volume": 184651.0, "trend": 6.239667, "fair_value": 5.596506, "relative_strength": -22.633418, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.822585, "energy": 23.689831, "activity_lines": [ 5.889333, 6.000545, 5.931857, 6.016495 ] }, { "date": "2025-07-11", "close": 5.66, "volume": 138455, "typical_volume": 181397.1, "trend": 6.179667, "fair_value": 5.609071, "relative_strength": -25.282398, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.257245, "energy": 34.893339, "activity_lines": [ 5.792, 5.926909, 5.910571, 5.979097 ] }, { "date": "2025-07-18", "close": 5.75, "volume": 67456, "typical_volume": 172323.9, "trend": 6.132667, "fair_value": 5.621699, "relative_strength": -23.668832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.370186, "energy": 36.786438, "activity_lines": [ 5.764667, 5.869636, 5.901286, 5.951376 ] }, { "date": "2025-07-25", "close": 6.0, "volume": 269244, "typical_volume": 171545.85, "trend": 6.096667, "fair_value": 5.628109, "relative_strength": -19.692277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.063533, "energy": 24.814621, "activity_lines": [ 5.840667, 5.873273, 5.917476, 5.942817 ] }, { "date": "2025-08-01", "close": 5.83, "volume": 271217, "typical_volume": 169348.25, "trend": 6.045, "fair_value": 5.637404, "relative_strength": -18.831244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.903139, "energy": 21.633395, "activity_lines": [ 5.834, 5.854182, 5.916524, 5.925613 ] }, { "date": "2025-08-08", "close": 5.93, "volume": 102097, "typical_volume": 167084.75, "trend": 6.014, "fair_value": 5.643878, "relative_strength": -19.371735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.574354, "energy": 9.579411, "activity_lines": [ 5.875333, 5.860364, 5.923238, 5.918194 ] }, { "date": "2025-08-15", "close": 5.76, "volume": 102268, "typical_volume": 163834.8, "trend": 5.976667, "fair_value": 5.651763, "relative_strength": -21.724313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.25445, "energy": 11.263978, "activity_lines": [ 5.850667, 5.836182, 5.911524, 5.901806 ] }, { "date": "2025-08-22", "close": 5.88, "volume": 340779, "typical_volume": 167727.5, "trend": 5.956, "fair_value": 5.659968, "relative_strength": -19.466865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.900483, "energy": 10.063338, "activity_lines": [ 5.859333, 5.842909, 5.910381, 5.89557 ] }, { "date": "2025-08-29", "close": 7.59, "volume": 1505517, "typical_volume": 221017.1, "trend": 5.983, "fair_value": 5.68125, "relative_strength": 6.071743, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.103144, "energy": 64.706582, "activity_lines": [ 6.429333, 6.163636, 6.068095, 6.000989 ] }, { "date": "2025-09-05", "close": 7.4, "volume": 591060, "typical_volume": 241030.65, "trend": 6.003667, "fair_value": 5.699263, "relative_strength": 4.864779, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.500362, "energy": 77.389631, "activity_lines": [ 6.83, 6.413818, 6.197762, 6.092409 ] }, { "date": "2025-09-12", "close": 7.1, "volume": 308383, "typical_volume": 248548.55, "trend": 6.019, "fair_value": 5.713429, "relative_strength": 0.390298, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.142796, "energy": 76.778914, "activity_lines": [ 7.026, 6.584909, 6.291429, 6.16314 ] }, { "date": "2025-09-19", "close": 7.25, "volume": 346442, "typical_volume": 259437.3, "trend": 6.048, "fair_value": 5.733045, "relative_strength": 2.985286, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.869036, "energy": 80.224965, "activity_lines": [ 7.194, 6.759455, 6.393571, 6.242559 ] }, { "date": "2025-09-26", "close": 7.39, "volume": 372417, "typical_volume": 270163.75, "trend": 6.091, "fair_value": 5.750288, "relative_strength": 4.732225, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.61531, "energy": 78.301281, "activity_lines": [ 7.309333, 6.930545, 6.501476, 6.32914 ] }, { "date": "2025-10-03", "close": 7.47, "volume": 380229, "typical_volume": 283031.15, "trend": 6.146667, "fair_value": 5.766122, "relative_strength": 3.411982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.132849, "energy": 65.741003, "activity_lines": [ 7.350667, 7.086364, 6.613238, 6.418108 ] }, { "date": "2025-10-10", "close": 7.79, "volume": 643822, "typical_volume": 306908.0, "trend": 6.225, "fair_value": 5.782468, "relative_strength": 8.698432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.243529, "energy": 59.608393, "activity_lines": [ 7.506667, 7.273636, 6.750619, 6.524129 ] }, { "date": "2025-10-17", "close": 8.37, "volume": 613573, "typical_volume": 328652.9, "trend": 6.322, "fair_value": 5.804071, "relative_strength": 19.014203, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.817966, "energy": 65.133709, "activity_lines": [ 7.83, 7.530727, 6.935762, 6.662516 ] }, { "date": "2025-10-24", "close": 8.88, "volume": 663258, "typical_volume": 356599.45, "trend": 6.432, "fair_value": 5.828686, "relative_strength": 24.414973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.094348, "energy": 81.206187, "activity_lines": [ 8.238667, 7.836182, 7.158, 6.827548 ] }, { "date": "2025-10-31", "close": 8.77, "volume": 637963, "typical_volume": 384777.35, "trend": 6.556333, "fair_value": 5.851827, "relative_strength": 24.601845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.826636, "energy": 88.261017, "activity_lines": [ 8.502, 8.064909, 7.357286, 6.978387 ] }, { "date": "2025-11-07", "close": 7.97, "volume": 548706, "typical_volume": 407691.7, "trend": 6.638667, "fair_value": 5.868942, "relative_strength": 15.448386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.765434, "energy": 70.82128, "activity_lines": [ 8.406667, 8.095636, 7.467429, 7.069591 ] }, { "date": "2025-11-14", "close": 8.63, "volume": 889815, "typical_volume": 445984.55, "trend": 6.731667, "fair_value": 5.886442, "relative_strength": 23.35143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.606246, "energy": 57.460493, "activity_lines": [ 8.498, 8.239455, 7.62919, 7.198065 ] }, { "date": "2025-11-21", "close": 9.03, "volume": 1314200, "typical_volume": 505345.05, "trend": 6.836667, "fair_value": 5.907917, "relative_strength": 33.15792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.930645, "energy": 57.082538, "activity_lines": [ 8.666667, 8.433636, 7.816762, 7.346344 ] }, { "date": "2025-11-28", "close": 9.8, "volume": 841180, "typical_volume": 540481.3, "trend": 6.974667, "fair_value": 5.932147, "relative_strength": 39.600883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.483048, "energy": 67.021522, "activity_lines": [ 9.048, 8.732727, 8.062238, 7.537527 ] }, { "date": "2025-12-05", "close": 9.28, "volume": 705714, "typical_volume": 572394.2, "trend": 7.064, "fair_value": 5.953686, "relative_strength": 31.051406, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.7393, "energy": 71.605589, "activity_lines": [ 9.194667, 8.890909, 8.238476, 7.686258 ] }, { "date": "2025-12-12", "close": 9.24, "volume": 635569, "typical_volume": 590710.45, "trend": 7.157, "fair_value": 5.976378, "relative_strength": 29.493217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.630537, "energy": 73.299307, "activity_lines": [ 9.294, 9.007455, 8.394095, 7.826645 ] }, { "date": "2025-12-19", "close": 9.93, "volume": 1284453, "typical_volume": 641372.25, "trend": 7.280667, "fair_value": 6.007212, "relative_strength": 38.140175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.180133, "energy": 76.514659, "activity_lines": [ 9.538667, 9.217273, 8.6, 8.005548 ] }, { "date": "2025-12-26", "close": 9.95, "volume": 271194, "typical_volume": 649827.1, "trend": 7.413667, "fair_value": 6.032532, "relative_strength": 37.637085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.709758, "energy": 62.143492, "activity_lines": [ 9.703333, 9.391818, 8.788286, 8.177763 ] }, { "date": "2026-01-02", "close": 10.38, "volume": 1051667, "typical_volume": 697297.05, "trend": 7.551, "fair_value": 6.063173, "relative_strength": 41.938966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.614125, "energy": 64.396715, "activity_lines": [ 9.95, 9.615818, 8.998381, 8.36914 ] }, { "date": "2026-01-09", "close": 10.82, "volume": 580495, "typical_volume": 709282.85, "trend": 7.71, "fair_value": 6.097147, "relative_strength": 42.904803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.841126, "energy": 76.43183, "activity_lines": [ 10.304667, 9.892545, 9.228381, 8.580043 ] }, { "date": "2026-01-16", "close": 10.88, "volume": 376790, "typical_volume": 652846.5, "trend": 7.885667, "fair_value": 6.129327, "relative_strength": 42.572145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.142438, "energy": 82.621944, "activity_lines": [ 10.576667, 10.142909, 9.440571, 8.784559 ] }, { "date": "2026-01-23", "close": 11.0, "volume": 845387, "typical_volume": 665562.85, "trend": 8.050667, "fair_value": 6.16266, "relative_strength": 45.162883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.780908, "energy": 79.421354, "activity_lines": [ 10.779333, 10.362182, 9.648524, 8.985484 ] }, { "date": "2026-01-30", "close": 10.34, "volume": 513860, "typical_volume": 675836.7, "trend": 8.202333, "fair_value": 6.192019, "relative_strength": 37.514915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.622862, "energy": 60.177299, "activity_lines": [ 10.690667, 10.418364, 9.776476, 9.133183 ] }, { "date": "2026-02-06", "close": 11.16, "volume": 1120861, "typical_volume": 714557.65, "trend": 8.385667, "fair_value": 6.226763, "relative_strength": 46.038479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.154201, "energy": 61.979427, "activity_lines": [ 10.849333, 10.599818, 9.967095, 9.324 ] }, { "date": "2026-02-13", "close": 11.02, "volume": 1205433, "typical_volume": 756208.45, "trend": 8.561333, "fair_value": 6.261378, "relative_strength": 41.787013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.004895, "energy": 55.717237, "activity_lines": [ 10.909333, 10.731091, 10.125762, 9.493957 ] }, { "date": "2026-02-20", "close": 11.56, "volume": 655391, "typical_volume": 769966.55, "trend": 8.746667, "fair_value": 6.300224, "relative_strength": 45.165133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.671307, "energy": 59.198476, "activity_lines": [ 11.136, 10.928909, 10.318571, 9.687419 ] }, { "date": "2026-02-27", "close": 11.52, "volume": 485640, "typical_volume": 762057.45, "trend": 8.936333, "fair_value": 6.338942, "relative_strength": 42.914025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.760519, "energy": 61.006011, "activity_lines": [ 11.304, 11.077273, 10.488095, 9.866344 ] }, { "date": "2026-03-06", "close": 10.82, "volume": 588755, "typical_volume": 760816.55, "trend": 9.099333, "fair_value": 6.373045, "relative_strength": 42.093695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.714579, "energy": 51.796735, "activity_lines": [ 11.204, 11.069455, 10.57319, 9.987871 ] }, { "date": "2026-03-13", "close": 10.72, "volume": 475826, "typical_volume": 751444.95, "trend": 9.264667, "fair_value": 6.407788, "relative_strength": 39.806507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.790905, "energy": 44.228939, "activity_lines": [ 11.038667, 11.027636, 10.637095, 10.09243 ] }, { "date": "2026-03-20", "close": 10.1, "volume": 893072, "typical_volume": 764200.4, "trend": 9.405333, "fair_value": 6.441122, "relative_strength": 36.295783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.472694, "energy": 23.863088, "activity_lines": [ 10.696, 10.866909, 10.63319, 10.146323 ] }, { "date": "2026-03-27", "close": 10.16, "volume": 563619, "typical_volume": 764946.05, "trend": 9.491, "fair_value": 6.475096, "relative_strength": 35.958008, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.398467, "energy": 21.977263, "activity_lines": [ 10.434667, 10.730182, 10.628667, 10.195011 ] }, { "date": "2026-04-03", "close": 10.1, "volume": 419073, "typical_volume": 741408.95, "trend": 9.581, "fair_value": 6.508686, "relative_strength": 28.679144, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.95858, "energy": 17.099727, "activity_lines": [ 10.246667, 10.595636, 10.608, 10.234301 ] }, { "date": "2026-04-10", "close": 10.3, "volume": 382897, "typical_volume": 694843.8, "trend": 9.687667, "fair_value": 6.540032, "relative_strength": 26.552661, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.088666, "energy": 17.658274, "activity_lines": [ 10.22, 10.513818, 10.599381, 10.280688 ] }, { "date": "2026-04-17", "close": 10.02, "volume": 2232877, "typical_volume": 764428.65, "trend": 9.78, "fair_value": 6.572468, "relative_strength": 17.772753, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.804731, "energy": 13.364115, "activity_lines": [ 10.134667, 10.381818, 10.558048, 10.302129 ] }, { "date": "2026-04-24", "close": 10.1, "volume": 1156639, "typical_volume": 786974.9, "trend": 9.870333, "fair_value": 6.602212, "relative_strength": 20.495843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.804926, "energy": 11.946428, "activity_lines": [ 10.122667, 10.285091, 10.523286, 10.322774 ] }, { "date": "2026-05-01", "close": 10.28, "volume": 394966, "typical_volume": 774944.75, "trend": 9.964, "fair_value": 6.633237, "relative_strength": 20.629581, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.806962, "energy": 9.842068, "activity_lines": [ 10.170667, 10.237818, 10.501762, 10.349204 ] }, { "date": "2026-05-08", "close": 10.1, "volume": 529613, "typical_volume": 737202.75, "trend": 10.041, "fair_value": 6.662404, "relative_strength": 17.428814, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.160275, "energy": 9.474863, "activity_lines": [ 10.150667, 10.181091, 10.458143, 10.357978 ] }, { "date": "2026-05-15", "close": 10.52, "volume": 877564, "typical_volume": 767521.25, "trend": 10.112667, "fair_value": 6.69875, "relative_strength": 23.168665, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.18273, "energy": 10.907825, "activity_lines": [ 10.270667, 10.226545, 10.453714, 10.388882 ] }, { "date": "2026-05-22", "close": 10.54, "volume": 510876, "typical_volume": 740481.7, "trend": 10.168, "fair_value": 6.734199, "relative_strength": 17.734599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.655949, "energy": 14.702761, "activity_lines": [ 10.382667, 10.281091, 10.448476, 10.416452 ] }, { "date": "2026-05-29", "close": 10.82, "volume": 524149, "typical_volume": 737664.4, "trend": 10.236333, "fair_value": 6.771378, "relative_strength": 18.663038, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.462557, "energy": 22.595604, "activity_lines": [ 10.553333, 10.389818, 10.469143, 10.458516 ] }, { "date": "2026-06-05", "close": 10.86, "volume": 178159, "typical_volume": 727732.85, "trend": 10.332667, "fair_value": 6.808942, "relative_strength": 19.617705, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.844032, "energy": 25.987975, "activity_lines": [ 10.689333, 10.492727, 10.493619, 10.498753 ] }, { "date": "2026-06-12", "close": 11.56, "volume": 218922, "typical_volume": 696409.6, "trend": 10.430333, "fair_value": 6.847724, "relative_strength": 26.560514, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.419612, "energy": 58.502152, "activity_lines": [ 11.02, 10.710182, 10.584857, 10.577935 ] }, { "date": "2026-06-19", "close": 12.9, "volume": 793182, "typical_volume": 710375.7, "trend": 10.559333, "fair_value": 6.898397, "relative_strength": 37.284155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.927536, "energy": 83.141349, "activity_lines": [ 11.7, 11.144727, 10.801048, 10.737269 ] }, { "date": "2026-06-26", "close": 12.34, "volume": 144264, "typical_volume": 661545.85, "trend": 10.644, "fair_value": 6.946154, "relative_strength": 31.330688, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.115534, "energy": 81.794022, "activity_lines": [ 12.034667, 11.430182, 10.951714, 10.852151 ] }, { "date": "2026-07-03", "close": 12.8, "volume": 216903, "typical_volume": 612119.35, "trend": 10.761333, "fair_value": 6.998173, "relative_strength": 28.725593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.795857, "energy": 86.833766, "activity_lines": [ 12.402667, 11.757091, 11.140571, 10.991247 ] }, { "date": "2026-07-10", "close": 12.56, "volume": 841114, "typical_volume": 621405.5, "trend": 10.872, "fair_value": 7.04891, "relative_strength": 28.189907, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.383967, "energy": 83.516885, "activity_lines": [ 12.558667, 11.991273, 11.298095, 11.10729 ] }, { "date": "2026-07-17", "close": 11.84, "volume": 336561, "typical_volume": 613951.55, "trend": 10.935667, "fair_value": 7.09391, "relative_strength": 20.566267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.134474, "energy": 69.556243, "activity_lines": [ 12.361333, 12.053091, 11.382286, 11.169742 ] }, { "date": "2026-07-24", "close": 12.96, "volume": 672764, "typical_volume": 618152.0, "trend": 11.036, "fair_value": 7.145962, "relative_strength": 28.878665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.222564, "energy": 60.36456, "activity_lines": [ 12.518667, 12.286909, 11.571619, 11.300344 ] }, { "date": "2026-07-31", "close": 12.28, "volume": 866035, "typical_volume": 637662.45, "trend": 11.099333, "fair_value": 7.194551, "relative_strength": 18.282715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.776835, "energy": 45.168595, "activity_lines": [ 12.445333, 12.352727, 11.686, 11.380602 ] }, { "date": "2026-08-07", "close": 12.04, "volume": 675002, "typical_volume": 626758.95, "trend": 11.14, "fair_value": 7.241859, "relative_strength": 11.804288, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.837251, "energy": 33.110166, "activity_lines": [ 12.296, 12.343273, 11.770095, 11.44129 ] } ], "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." } } }