{
  "ticker": {
    "uuid": "0e430583-cdf1-49f9-b710-f21e4a781803",
    "symbol": "MAVEN",
    "name": "Maven Wireless Sweden AB (Publ)",
    "exchange": "STO",
    "country": "SE",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^OMX",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 50.86,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 21.941,
    "architecture_energy": 14.524,
    "architecture_maturity": 14.283,
    "architecture_confidence": 77.536,
    "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": 62.17,
        "rotation_up": 20.34,
        "upward_expansion": 50.82,
        "deceleration": 89.96,
        "rotation_down": 30.64,
        "downward_expansion": 19.16
      },
      "activity_lines": [
        5.094667,
        5.211273,
        5.141619,
        5.01843
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 4.92,
    "trend_reference": 4.89,
    "distance_from_trend": 0.006135,
    "trend_direction": "Weakening",
    "fair_value": 10.316229,
    "distance_from_fair_value": -0.523082,
    "fair_value_direction": "Improving",
    "relative_strength": -27.72238,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.214815,
    "excess_performance": 0.15332,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.006135,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.049994,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.523082,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.062167,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.277224,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.119185,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.214815,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 15.047158,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 38904,
      "relative_activity": 0.323017,
      "balance": 15.047158,
      "dry_up": 0.284861,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.117261,
      "annualized_volatility": 0.536727,
      "from_high_reference": -0.558744,
      "from_low_reference": 0.405714
    },
    "levels": {
      "trend_reference": 4.89,
      "fair_value_reference": 10.316229,
      "structural_low": 3.5,
      "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": 11,
        "median_return": -0.026756,
        "positive_rate": 0.272727,
        "directional_follow_through": 0.272727,
        "median_excess_return": -0.017716,
        "regime_survival": 0.545455,
        "best_return": 0.185393,
        "worst_return": -0.234081,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.2,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.26046,
        "regime_survival": 0.4,
        "best_return": 0.075804,
        "worst_return": -0.332735,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.081164,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.050468,
        "regime_survival": 0.0,
        "best_return": -0.013453,
        "worst_return": -0.354115,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.083317,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.240586,
        "regime_survival": 0.0,
        "best_return": 0.470138,
        "worst_return": -0.636771,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-24",
        "end": "2024-07-19",
        "tenure": "Developing",
        "return": -0.216374,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-07-26",
        "end": "2024-08-09",
        "tenure": "New",
        "return": -0.075812,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-16",
        "end": "2025-01-31",
        "tenure": "Established",
        "return": -0.064639,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-07",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.208969,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-07",
        "end": "2025-07-11",
        "tenure": "Established",
        "return": 0.01171,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-18",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.123596,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-01",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": -0.171488,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-19",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.164589,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-07",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.014286,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-05-22",
        "tenure": "Extended",
        "return": -0.289063,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-29",
        "end": "2026-06-12",
        "tenure": "New",
        "return": 0.018868,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-06-19",
        "end": "2026-07-03",
        "tenure": "New",
        "return": -0.036364,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-10",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.049057,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.053846,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 13.731,
        "volume": 200091,
        "typical_volume": 140045.2,
        "trend": 14.020545,
        "fair_value": 14.361155,
        "relative_strength": -1.667397,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 22.238009,
        "energy": 13.307091,
        "activity_lines": [
          14.211917,
          14.126286,
          14.183962,
          14.118387
        ]
      },
      {
        "date": "2023-08-25",
        "close": 13.6315,
        "volume": 178590,
        "typical_volume": 147443.7,
        "trend": 13.990032,
        "fair_value": 14.354865,
        "relative_strength": -2.50379,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.757803,
        "energy": 7.643541,
        "activity_lines": [
          14.006283,
          14.03945,
          14.131132,
          14.093287
        ]
      },
      {
        "date": "2023-09-01",
        "close": 13.4325,
        "volume": 64795,
        "typical_volume": 149400.85,
        "trend": 13.993348,
        "fair_value": 14.346982,
        "relative_strength": -5.531791,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -13.182877,
        "energy": 20.595689,
        "activity_lines": [
          13.74095,
          13.930905,
          14.058876,
          14.057317
        ]
      },
      {
        "date": "2023-09-08",
        "close": 12.78575,
        "volume": 128994,
        "typical_volume": 141925.2,
        "trend": 13.986383,
        "fair_value": 14.333751,
        "relative_strength": -9.757504,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -62.214483,
        "energy": 51.548302,
        "activity_lines": [
          13.36285,
          13.715623,
          13.922419,
          13.979408
        ]
      },
      {
        "date": "2023-09-15",
        "close": 12.4375,
        "volume": 77409,
        "typical_volume": 135676.65,
        "trend": 13.968473,
        "fair_value": 14.317816,
        "relative_strength": -12.88989,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.853844,
        "energy": 65.462139,
        "activity_lines": [
          12.9748,
          13.458732,
          13.762982,
          13.87948
        ]
      },
      {
        "date": "2023-09-22",
        "close": 11.89025,
        "volume": 109403,
        "typical_volume": 135918.55,
        "trend": 13.881908,
        "fair_value": 14.297586,
        "relative_strength": -15.451347,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.640827,
        "energy": 72.887404,
        "activity_lines": [
          12.537,
          13.129477,
          13.563035,
          13.745401
        ]
      },
      {
        "date": "2023-09-29",
        "close": 11.940001,
        "volume": 159533,
        "typical_volume": 142320.8,
        "trend": 13.799655,
        "fair_value": 14.278102,
        "relative_strength": -14.219105,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.85863,
        "energy": 72.346266,
        "activity_lines": [
          12.2385,
          12.838214,
          13.38275,
          13.620117
        ]
      },
      {
        "date": "2023-10-06",
        "close": 11.19375,
        "volume": 182120,
        "typical_volume": 146406.2,
        "trend": 13.687884,
        "fair_value": 14.25282,
        "relative_strength": -18.943812,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.051855,
        "energy": 77.608402,
        "activity_lines": [
          11.804017,
          12.443832,
          13.141107,
          13.451994
        ]
      },
      {
        "date": "2023-10-13",
        "close": 11.89025,
        "volume": 95742,
        "typical_volume": 147602.8,
        "trend": 13.649742,
        "fair_value": 14.233613,
        "relative_strength": -14.859928,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.15525,
        "energy": 66.609612,
        "activity_lines": [
          11.75095,
          12.244832,
          12.980249,
          13.336017
        ]
      },
      {
        "date": "2023-10-20",
        "close": 11.144,
        "volume": 131254,
        "typical_volume": 136927.65,
        "trend": 13.568815,
        "fair_value": 14.208696,
        "relative_strength": -15.525791,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.886381,
        "energy": 63.711062,
        "activity_lines": [
          11.508833,
          11.955377,
          12.760638,
          13.174356
        ]
      },
      {
        "date": "2023-10-27",
        "close": 10.497251,
        "volume": 209480,
        "typical_volume": 145238.05,
        "trend": 13.485567,
        "fair_value": 14.179005,
        "relative_strength": -18.902948,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.478425,
        "energy": 72.260138,
        "activity_lines": [
          11.137367,
          11.608032,
          12.494357,
          12.976191
        ]
      },
      {
        "date": "2023-11-03",
        "close": 10.149,
        "volume": 224495,
        "typical_volume": 149863.75,
        "trend": 13.3728,
        "fair_value": 14.147021,
        "relative_strength": -23.93666,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.419797,
        "energy": 73.49732,
        "activity_lines": [
          10.742684,
          11.256164,
          12.213625,
          12.760929
        ]
      },
      {
        "date": "2023-11-10",
        "close": 10.0495,
        "volume": 212758,
        "typical_volume": 158563.05,
        "trend": 13.278275,
        "fair_value": 14.114757,
        "relative_strength": -23.903852,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.499128,
        "energy": 78.595251,
        "activity_lines": [
          10.434234,
          10.949523,
          11.943791,
          12.546522
        ]
      },
      {
        "date": "2023-11-17",
        "close": 10.149,
        "volume": 125831,
        "typical_volume": 163260.5,
        "trend": 13.119075,
        "fair_value": 14.083774,
        "relative_strength": -25.507321,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.282708,
        "energy": 80.948454,
        "activity_lines": [
          10.235233,
          10.722482,
          11.702385,
          12.344633
        ]
      },
      {
        "date": "2023-11-24",
        "close": 12.337999,
        "volume": 449623,
        "typical_volume": 181597.15,
        "trend": 13.0345,
        "fair_value": 14.070241,
        "relative_strength": -10.389777,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.78503,
        "energy": 45.22564,
        "activity_lines": [
          10.881983,
          10.941382,
          11.687696,
          12.294241
        ]
      },
      {
        "date": "2023-12-01",
        "close": 13.78075,
        "volume": 458848,
        "typical_volume": 201914.0,
        "trend": 12.993042,
        "fair_value": 14.068014,
        "relative_strength": -0.654082,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -12.245955,
        "energy": 13.50053,
        "activity_lines": [
          11.93005,
          11.424409,
          11.817994,
          12.342387
        ]
      },
      {
        "date": "2023-12-08",
        "close": 14.17875,
        "volume": 89680,
        "typical_volume": 197245.4,
        "trend": 12.999675,
        "fair_value": 14.06886,
        "relative_strength": -0.129343,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 3.470613,
        "energy": 23.785971,
        "activity_lines": [
          12.891883,
          11.945427,
          11.984775,
          12.418884
        ]
      },
      {
        "date": "2023-12-15",
        "close": 13.731,
        "volume": 1087462,
        "typical_volume": 220924.55,
        "trend": 12.983092,
        "fair_value": 14.0663,
        "relative_strength": -5.546627,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 23.69182,
        "energy": 36.034668,
        "activity_lines": [
          13.435817,
          12.344332,
          12.106781,
          12.466066
        ]
      },
      {
        "date": "2023-12-22",
        "close": 13.283251,
        "volume": 111969,
        "typical_volume": 221060.8,
        "trend": 12.943292,
        "fair_value": 14.060412,
        "relative_strength": -7.806163,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 21.865358,
        "energy": 36.040426,
        "activity_lines": [
          13.585067,
          12.615696,
          12.192067,
          12.485431
        ]
      },
      {
        "date": "2023-12-29",
        "close": 13.18375,
        "volume": 123367,
        "typical_volume": 221072.2,
        "trend": 12.906808,
        "fair_value": 14.05387,
        "relative_strength": -8.850558,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.86985,
        "energy": 39.170212,
        "activity_lines": [
          13.4922,
          12.843641,
          12.273088,
          12.500945
        ]
      },
      {
        "date": "2024-01-05",
        "close": 13.58175,
        "volume": 200698,
        "typical_volume": 221102.55,
        "trend": 12.878617,
        "fair_value": 14.050373,
        "relative_strength": -3.294666,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.897972,
        "energy": 29.19541,
        "activity_lines": [
          13.475617,
          13.106864,
          12.397937,
          12.544489
        ]
      },
      {
        "date": "2024-01-12",
        "close": 13.731,
        "volume": 266990,
        "typical_volume": 225522.55,
        "trend": 12.8554,
        "fair_value": 14.048025,
        "relative_strength": -2.774563,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.468343,
        "energy": 22.77754,
        "activity_lines": [
          13.52205,
          13.341141,
          12.537711,
          12.599482
        ]
      },
      {
        "date": "2024-01-19",
        "close": 14.079249,
        "volume": 181583,
        "typical_volume": 231361.95,
        "trend": 12.857058,
        "fair_value": 14.048253,
        "relative_strength": 2.393266,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.508295,
        "energy": 28.803406,
        "activity_lines": [
          13.714416,
          13.573609,
          12.710177,
          12.67844
        ]
      },
      {
        "date": "2024-01-26",
        "close": 13.68125,
        "volume": 95077,
        "typical_volume": 229666.1,
        "trend": 12.847108,
        "fair_value": 14.045593,
        "relative_strength": -3.267659,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 28.006562,
        "energy": 26.916487,
        "activity_lines": [
          13.7509,
          13.660445,
          12.841659,
          12.731613
        ]
      },
      {
        "date": "2024-02-02",
        "close": 13.6315,
        "volume": 84678,
        "typical_volume": 230029.55,
        "trend": 12.837158,
        "fair_value": 14.042614,
        "relative_strength": -3.511851,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.834948,
        "energy": 24.919108,
        "activity_lines": [
          13.744266,
          13.674014,
          12.964139,
          12.782219
        ]
      },
      {
        "date": "2024-02-09",
        "close": 13.88025,
        "volume": 119077,
        "typical_volume": 230513.25,
        "trend": 12.850425,
        "fair_value": 14.041454,
        "relative_strength": -1.103257,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 28.780114,
        "energy": 24.449646,
        "activity_lines": [
          13.7907,
          13.709291,
          13.104624,
          12.849516
        ]
      },
      {
        "date": "2024-02-16",
        "close": 14.4275,
        "volume": 226473,
        "typical_volume": 233860.25,
        "trend": 12.873642,
        "fair_value": 14.044192,
        "relative_strength": 0.313404,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.176998,
        "energy": 35.577966,
        "activity_lines": [
          13.99965,
          13.842259,
          13.287751,
          12.951262
        ]
      },
      {
        "date": "2024-02-23",
        "close": 16.8155,
        "volume": 645390,
        "typical_volume": 257023.75,
        "trend": 12.935,
        "fair_value": 14.063708,
        "relative_strength": 15.517417,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.758925,
        "energy": 68.62552,
        "activity_lines": [
          14.958167,
          14.404886,
          13.686462,
          13.205576
        ]
      },
      {
        "date": "2024-03-01",
        "close": 17.0145,
        "volume": 275617,
        "typical_volume": 266017.5,
        "trend": 13.022892,
        "fair_value": 14.084343,
        "relative_strength": 15.456011,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.345451,
        "energy": 83.7033,
        "activity_lines": [
          15.8006,
          14.947614,
          14.077355,
          13.468769
        ]
      },
      {
        "date": "2024-03-08",
        "close": 18.407499,
        "volume": 261885,
        "typical_volume": 272549.05,
        "trend": 13.155558,
        "fair_value": 14.114365,
        "relative_strength": 23.290274,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.031921,
        "energy": 92.738501,
        "activity_lines": [
          16.88515,
          15.675772,
          14.576513,
          13.816163
        ]
      },
      {
        "date": "2024-03-15",
        "close": 18.457249,
        "volume": 305554,
        "typical_volume": 277352.75,
        "trend": 13.3131,
        "fair_value": 14.144316,
        "relative_strength": 20.978807,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.077769,
        "energy": 93.365091,
        "activity_lines": [
          17.667883,
          16.318,
          15.045821,
          14.158208
        ]
      },
      {
        "date": "2024-03-22",
        "close": 18.158751,
        "volume": 304751,
        "typical_volume": 281365.55,
        "trend": 13.464008,
        "fair_value": 14.171812,
        "relative_strength": 18.736469,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.264389,
        "energy": 88.798375,
        "activity_lines": [
          18.045983,
          16.817309,
          15.448796,
          14.470831
        ]
      },
      {
        "date": "2024-03-29",
        "close": 19.104,
        "volume": 1346877,
        "typical_volume": 338071.5,
        "trend": 13.653058,
        "fair_value": 14.205365,
        "relative_strength": 25.020141,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.342839,
        "energy": 90.650763,
        "activity_lines": [
          18.490417,
          17.407977,
          15.903653,
          14.834701
        ]
      },
      {
        "date": "2024-04-05",
        "close": 20.695999,
        "volume": 342094,
        "typical_volume": 348884.65,
        "trend": 13.916733,
        "fair_value": 14.24922,
        "relative_strength": 35.279928,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.099294,
        "energy": 90.783576,
        "activity_lines": [
          19.31295,
          18.196741,
          16.467013,
          15.289084
        ]
      },
      {
        "date": "2024-04-12",
        "close": 20.099001,
        "volume": 700012,
        "typical_volume": 361404.1,
        "trend": 14.172117,
        "fair_value": 14.288481,
        "relative_strength": 30.32359,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.662616,
        "energy": 68.696869,
        "activity_lines": [
          19.69105,
          18.749418,
          16.923292,
          15.68794
        ]
      },
      {
        "date": "2024-04-19",
        "close": 19.203499,
        "volume": 239719,
        "typical_volume": 350447.65,
        "trend": 14.415892,
        "fair_value": 14.321247,
        "relative_strength": 24.361068,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.564778,
        "energy": 63.964804,
        "activity_lines": [
          19.657883,
          19.021686,
          17.257327,
          16.012546
        ]
      },
      {
        "date": "2024-04-26",
        "close": 19.9,
        "volume": 198787,
        "typical_volume": 355903.0,
        "trend": 14.681225,
        "fair_value": 14.358193,
        "relative_strength": 25.587629,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.79141,
        "energy": 60.124951,
        "activity_lines": [
          19.807133,
          19.323804,
          17.631874,
          16.366359
        ]
      },
      {
        "date": "2024-05-03",
        "close": 20.5965,
        "volume": 86655,
        "typical_volume": 305862.65,
        "trend": 14.99465,
        "fair_value": 14.399234,
        "relative_strength": 30.317442,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.749146,
        "energy": 57.723037,
        "activity_lines": [
          20.072467,
          19.653059,
          18.045509,
          16.74799
        ]
      },
      {
        "date": "2024-05-10",
        "close": 18.049999,
        "volume": 491237,
        "typical_volume": 324826.05,
        "trend": 15.199975,
        "fair_value": 14.423095,
        "relative_strength": 10.180037,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.61517,
        "energy": 37.670503,
        "activity_lines": [
          19.389466,
          19.450568,
          18.183928,
          16.945109
        ]
      },
      {
        "date": "2024-05-17",
        "close": 17.0,
        "volume": 408869,
        "typical_volume": 339101.15,
        "trend": 15.395175,
        "fair_value": 14.439829,
        "relative_strength": 4.692562,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.095873,
        "energy": 25.24106,
        "activity_lines": [
          18.532866,
          19.038341,
          18.199649,
          17.06124
        ]
      },
      {
        "date": "2024-05-24",
        "close": 17.1,
        "volume": 299969,
        "typical_volume": 344064.7,
        "trend": 15.615267,
        "fair_value": 14.456991,
        "relative_strength": 4.367273,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.300982,
        "energy": 21.569978,
        "activity_lines": [
          17.9162,
          18.669886,
          18.20672,
          17.171228
        ]
      },
      {
        "date": "2024-05-31",
        "close": 18.1,
        "volume": 197246,
        "typical_volume": 340577.5,
        "trend": 15.8803,
        "fair_value": 14.480344,
        "relative_strength": 11.088839,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.406016,
        "energy": 23.547057,
        "activity_lines": [
          17.7731,
          18.507927,
          18.292276,
          17.331534
        ]
      },
      {
        "date": "2024-06-07",
        "close": 17.65,
        "volume": 97469,
        "typical_volume": 336371.8,
        "trend": 16.13365,
        "fair_value": 14.495247,
        "relative_strength": 7.370425,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.977222,
        "energy": 17.158881,
        "activity_lines": [
          17.6,
          18.265218,
          18.31417,
          17.445708
        ]
      },
      {
        "date": "2024-06-14",
        "close": 17.799999,
        "volume": 252333,
        "typical_volume": 344234.6,
        "trend": 16.388683,
        "fair_value": 14.514953,
        "relative_strength": 10.652996,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.62801,
        "energy": 12.152159,
        "activity_lines": [
          17.673333,
          18.076218,
          18.333346,
          17.553214
        ]
      },
      {
        "date": "2024-06-21",
        "close": 17.9,
        "volume": 99629,
        "typical_volume": 344982.15,
        "trend": 16.574083,
        "fair_value": 14.544547,
        "relative_strength": 10.518774,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.899203,
        "energy": 8.638211,
        "activity_lines": [
          17.796666,
          17.958054,
          18.342433,
          17.650719
        ]
      },
      {
        "date": "2024-06-28",
        "close": 17.799999,
        "volume": 93466,
        "typical_volume": 343701.6,
        "trend": 16.708058,
        "fair_value": 14.573501,
        "relative_strength": 9.792391,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.788276,
        "energy": 8.31314,
        "activity_lines": [
          17.826666,
          17.861691,
          18.32167,
          17.72981
        ]
      },
      {
        "date": "2024-07-05",
        "close": 17.35,
        "volume": 67075,
        "typical_volume": 335731.7,
        "trend": 16.813766,
        "fair_value": 14.597656,
        "relative_strength": 7.366168,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.590294,
        "energy": 6.854707,
        "activity_lines": [
          17.66,
          17.709027,
          18.239384,
          17.771226
        ]
      },
      {
        "date": "2024-07-12",
        "close": 14.25,
        "volume": 439343,
        "typical_volume": 325429.35,
        "trend": 16.831067,
        "fair_value": 14.602896,
        "relative_strength": -14.149151,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -34.941036,
        "energy": 36.225146,
        "activity_lines": [
          16.51,
          17.039091,
          17.847944,
          17.605821
        ]
      },
      {
        "date": "2024-07-19",
        "close": 13.4,
        "volume": 886644,
        "typical_volume": 355980.7,
        "trend": 16.834958,
        "fair_value": 14.603071,
        "relative_strength": -17.146089,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -40.684355,
        "energy": 56.60411,
        "activity_lines": [
          15.303333,
          16.33,
          17.387768,
          17.384462
        ]
      },
      {
        "date": "2024-07-26",
        "close": 13.85,
        "volume": 133023,
        "typical_volume": 349537.6,
        "trend": 16.857166,
        "fair_value": 14.608936,
        "relative_strength": -14.299803,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.818982,
        "energy": 66.394785,
        "activity_lines": [
          14.54,
          15.787273,
          16.987661,
          17.191884
        ]
      },
      {
        "date": "2024-08-02",
        "close": 13.05,
        "volume": 87475,
        "typical_volume": 338633.65,
        "trend": 16.839441,
        "fair_value": 14.609673,
        "relative_strength": -15.275786,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -47.856069,
        "energy": 73.15902,
        "activity_lines": [
          13.78,
          15.156363,
          16.533065,
          16.946261
        ]
      },
      {
        "date": "2024-08-09",
        "close": 12.8,
        "volume": 109971,
        "typical_volume": 328894.65,
        "trend": 16.808408,
        "fair_value": 14.606895,
        "relative_strength": -16.268599,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -74.039128,
        "energy": 85.046516,
        "activity_lines": [
          13.253333,
          14.553636,
          16.080409,
          16.685651
        ]
      },
      {
        "date": "2024-08-16",
        "close": 13.15,
        "volume": 112348,
        "typical_volume": 267168.2,
        "trend": 16.777433,
        "fair_value": 14.595644,
        "relative_strength": -16.195861,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.953841,
        "energy": 79.758662,
        "activity_lines": [
          13.146667,
          14.110909,
          15.686605,
          16.449625
        ]
      },
      {
        "date": "2024-08-23",
        "close": 13.0,
        "volume": 117443,
        "typical_volume": 255935.65,
        "trend": 16.754725,
        "fair_value": 14.576033,
        "relative_strength": -17.67595,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.271006,
        "energy": 74.681762,
        "activity_lines": [
          13.063333,
          13.722727,
          15.306867,
          16.20592
        ]
      },
      {
        "date": "2024-08-30",
        "close": 13.1,
        "volume": 171373,
        "typical_volume": 229503.7,
        "trend": 16.737008,
        "fair_value": 14.545965,
        "relative_strength": -17.934351,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.174568,
        "energy": 61.504961,
        "activity_lines": [
          13.04,
          13.44,
          14.9733,
          15.970131
        ]
      },
      {
        "date": "2024-09-06",
        "close": 11.9,
        "volume": 62840,
        "typical_volume": 220659.75,
        "trend": 16.671,
        "fair_value": 14.516241,
        "relative_strength": -21.733259,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.142585,
        "energy": 58.187811,
        "activity_lines": [
          12.666667,
          13.026364,
          14.558776,
          15.658066
        ]
      },
      {
        "date": "2024-09-13",
        "close": 12.3,
        "volume": 93671,
        "typical_volume": 215403.95,
        "trend": 16.600083,
        "fair_value": 14.495205,
        "relative_strength": -20.319392,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.768553,
        "energy": 55.915054,
        "activity_lines": [
          12.503333,
          12.792727,
          14.217126,
          15.376066
        ]
      },
      {
        "date": "2024-09-20",
        "close": 11.75,
        "volume": 75104,
        "typical_volume": 214826.4,
        "trend": 16.431233,
        "fair_value": 14.479317,
        "relative_strength": -25.255557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.954497,
        "energy": 61.171002,
        "activity_lines": [
          12.19,
          12.550909,
          13.859286,
          15.063157
        ]
      },
      {
        "date": "2024-09-27",
        "close": 11.75,
        "volume": 53654,
        "typical_volume": 192947.25,
        "trend": 16.25575,
        "fair_value": 14.449397,
        "relative_strength": -26.711643,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.540773,
        "energy": 65.112416,
        "activity_lines": [
          11.97,
          12.354545,
          13.543571,
          14.761142
        ]
      },
      {
        "date": "2024-10-04",
        "close": 11.35,
        "volume": 43955,
        "typical_volume": 174701.55,
        "trend": 16.0205,
        "fair_value": 14.419209,
        "relative_strength": -28.046475,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.163449,
        "energy": 63.806571,
        "activity_lines": [
          11.7,
          12.115455,
          13.219762,
          14.444642
        ]
      },
      {
        "date": "2024-10-11",
        "close": 12.5,
        "volume": 85890,
        "typical_volume": 163997.6,
        "trend": 15.821925,
        "fair_value": 14.393459,
        "relative_strength": -20.142033,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.378463,
        "energy": 62.241167,
        "activity_lines": [
          11.93,
          12.130909,
          13.032381,
          14.217513
        ]
      },
      {
        "date": "2024-10-18",
        "close": 12.5,
        "volume": 96328,
        "typical_volume": 158951.7,
        "trend": 15.6333,
        "fair_value": 14.36975,
        "relative_strength": -20.175315,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.048019,
        "energy": 47.843313,
        "activity_lines": [
          12.12,
          12.156364,
          12.866905,
          14.003196
        ]
      },
      {
        "date": "2024-10-25",
        "close": 11.4,
        "volume": 73774,
        "typical_volume": 157766.95,
        "trend": 15.3765,
        "fair_value": 14.336949,
        "relative_strength": -26.974758,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.18154,
        "energy": 49.629676,
        "activity_lines": [
          11.93,
          11.987273,
          12.623333,
          13.73008
        ]
      },
      {
        "date": "2024-11-01",
        "close": 12.55,
        "volume": 76852,
        "typical_volume": 148992.9,
        "trend": 15.104967,
        "fair_value": 14.31203,
        "relative_strength": -18.541267,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.372824,
        "energy": 32.27196,
        "activity_lines": [
          12.146667,
          12.059091,
          12.519048,
          13.547725
        ]
      },
      {
        "date": "2024-11-08",
        "close": 11.3,
        "volume": 68330,
        "typical_volume": 147427.95,
        "trend": 14.811667,
        "fair_value": 14.276802,
        "relative_strength": -26.61992,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.00422,
        "energy": 42.079027,
        "activity_lines": [
          11.893333,
          11.911818,
          12.320714,
          13.302243
        ]
      },
      {
        "date": "2024-11-15",
        "close": 11.4,
        "volume": 84179,
        "typical_volume": 146963.6,
        "trend": 14.55155,
        "fair_value": 14.24247,
        "relative_strength": -24.514913,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.57579,
        "energy": 42.877604,
        "activity_lines": [
          11.676667,
          11.815455,
          12.163333,
          13.082135
        ]
      },
      {
        "date": "2024-11-22",
        "close": 10.75,
        "volume": 82408,
        "typical_volume": 147730.25,
        "trend": 14.24655,
        "fair_value": 14.20818,
        "relative_strength": -28.648275,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.073784,
        "energy": 45.97895,
        "activity_lines": [
          11.316667,
          11.61,
          11.974524,
          12.836874
        ]
      },
      {
        "date": "2024-11-29",
        "close": 10.6,
        "volume": 118939,
        "typical_volume": 131710.05,
        "trend": 13.913333,
        "fair_value": 14.138679,
        "relative_strength": -29.203506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.963609,
        "energy": 50.962806,
        "activity_lines": [
          11.023333,
          11.405455,
          11.802857,
          12.601613
        ]
      },
      {
        "date": "2024-12-06",
        "close": 9.9,
        "volume": 140166,
        "typical_volume": 94386.15,
        "trend": 13.641667,
        "fair_value": 14.078531,
        "relative_strength": -35.933925,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.435228,
        "energy": 69.109504,
        "activity_lines": [
          10.55,
          11.094545,
          11.581905,
          12.342688
        ]
      },
      {
        "date": "2024-12-13",
        "close": 9.66,
        "volume": 139053,
        "typical_volume": 94687.65,
        "trend": 13.397,
        "fair_value": 14.021564,
        "relative_strength": -35.656995,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.335909,
        "energy": 72.663235,
        "activity_lines": [
          10.173333,
          10.773636,
          11.354762,
          12.085806
        ]
      },
      {
        "date": "2024-12-20",
        "close": 10.35,
        "volume": 366483,
        "typical_volume": 108638.05,
        "trend": 13.172,
        "fair_value": 13.968893,
        "relative_strength": -28.456022,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.428075,
        "energy": 58.401603,
        "activity_lines": [
          10.136,
          10.608909,
          11.213286,
          11.889226
        ]
      },
      {
        "date": "2024-12-27",
        "close": 10.1,
        "volume": 18770,
        "typical_volume": 104078.0,
        "trend": 12.905333,
        "fair_value": 13.912961,
        "relative_strength": -30.289257,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.214762,
        "energy": 48.943756,
        "activity_lines": [
          10.085333,
          10.437818,
          11.060857,
          11.691032
        ]
      },
      {
        "date": "2025-01-03",
        "close": 10.7,
        "volume": 28263,
        "typical_volume": 99873.75,
        "trend": 12.673667,
        "fair_value": 13.863044,
        "relative_strength": -26.395492,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.873966,
        "energy": 40.287371,
        "activity_lines": [
          10.278,
          10.419455,
          10.978429,
          11.548753
        ]
      },
      {
        "date": "2025-01-10",
        "close": 10.0,
        "volume": 115462,
        "typical_volume": 99774.7,
        "trend": 12.413667,
        "fair_value": 13.814507,
        "relative_strength": -31.119302,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.353021,
        "energy": 37.410413,
        "activity_lines": [
          10.230667,
          10.286545,
          10.841,
          11.376258
        ]
      },
      {
        "date": "2025-01-17",
        "close": 11.75,
        "volume": 208729,
        "typical_volume": 101642.5,
        "trend": 12.208667,
        "fair_value": 13.781526,
        "relative_strength": -21.532333,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.835638,
        "energy": 17.188757,
        "activity_lines": [
          10.76,
          10.518182,
          10.884524,
          11.333441
        ]
      },
      {
        "date": "2025-01-24",
        "close": 11.5,
        "volume": 66206,
        "typical_volume": 101810.8,
        "trend": 11.998667,
        "fair_value": 13.756381,
        "relative_strength": -24.334345,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -22.868473,
        "energy": 15.828087,
        "activity_lines": [
          11.066667,
          10.696182,
          10.910667,
          11.28772
        ]
      },
      {
        "date": "2025-01-31",
        "close": 12.3,
        "volume": 65137,
        "typical_volume": 100384.1,
        "trend": 11.830333,
        "fair_value": 13.735472,
        "relative_strength": -18.779406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 3.405501,
        "energy": 13.954761,
        "activity_lines": [
          11.563333,
          11.017818,
          11.014905,
          11.307161
        ]
      },
      {
        "date": "2025-02-07",
        "close": 11.15,
        "volume": 187515,
        "typical_volume": 106004.65,
        "trend": 11.727,
        "fair_value": 13.715866,
        "relative_strength": -25.08879,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.57062,
        "energy": 17.260679,
        "activity_lines": [
          11.53,
          11.102182,
          11.009619,
          11.263269
        ]
      },
      {
        "date": "2025-02-14",
        "close": 9.9,
        "volume": 250213,
        "typical_volume": 115832.6,
        "trend": 11.610333,
        "fair_value": 13.69016,
        "relative_strength": -34.856417,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.681622,
        "energy": 15.137333,
        "activity_lines": [
          11.05,
          10.949273,
          10.888143,
          11.145398
        ]
      },
      {
        "date": "2025-02-21",
        "close": 9.08,
        "volume": 106581,
        "typical_volume": 118963.9,
        "trend": 11.451333,
        "fair_value": 13.66226,
        "relative_strength": -39.670804,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.996922,
        "energy": 34.562676,
        "activity_lines": [
          10.303333,
          10.647273,
          10.697381,
          10.982151
        ]
      },
      {
        "date": "2025-02-28",
        "close": 8.82,
        "volume": 282227,
        "typical_volume": 128780.75,
        "trend": 11.310333,
        "fair_value": 13.635371,
        "relative_strength": -40.648473,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -66.595662,
        "energy": 61.889768,
        "activity_lines": [
          9.648,
          10.308545,
          10.492667,
          10.812387
        ]
      },
      {
        "date": "2025-03-07",
        "close": 8.54,
        "volume": 85867,
        "typical_volume": 128257.7,
        "trend": 11.168333,
        "fair_value": 13.604264,
        "relative_strength": -41.750555,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.45905,
        "energy": 72.025528,
        "activity_lines": [
          9.078,
          9.946727,
          10.27881,
          10.633656
        ]
      },
      {
        "date": "2025-03-14",
        "close": 8.94,
        "volume": 64741,
        "typical_volume": 127806.05,
        "trend": 11.028,
        "fair_value": 13.575466,
        "relative_strength": -37.067304,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.370246,
        "energy": 71.248651,
        "activity_lines": [
          8.892,
          9.686,
          10.121905,
          10.489892
        ]
      },
      {
        "date": "2025-03-21",
        "close": 9.86,
        "volume": 168646,
        "typical_volume": 132395.75,
        "trend": 10.923333,
        "fair_value": 13.553203,
        "relative_strength": -28.302276,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.082654,
        "energy": 54.568086,
        "activity_lines": [
          9.16,
          9.624545,
          10.064333,
          10.414538
        ]
      },
      {
        "date": "2025-03-28",
        "close": 9.1,
        "volume": 50304,
        "typical_volume": 131494.45,
        "trend": 10.79,
        "fair_value": 13.519053,
        "relative_strength": -30.54933,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.87095,
        "energy": 36.566328,
        "activity_lines": [
          9.177333,
          9.427455,
          9.94719,
          10.296903
        ]
      },
      {
        "date": "2025-04-04",
        "close": 8.8,
        "volume": 102598,
        "typical_volume": 132415.4,
        "trend": 10.686667,
        "fair_value": 13.472391,
        "relative_strength": -24.087868,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.557538,
        "energy": 33.585046,
        "activity_lines": [
          9.093333,
          9.224,
          9.811952,
          10.168516
        ]
      },
      {
        "date": "2025-04-11",
        "close": 9.06,
        "volume": 99284,
        "typical_volume": 133259.2,
        "trend": 10.578667,
        "fair_value": 13.429692,
        "relative_strength": -20.29258,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.301772,
        "energy": 29.088199,
        "activity_lines": [
          9.097333,
          9.116909,
          9.713857,
          10.06357
        ]
      },
      {
        "date": "2025-04-18",
        "close": 9.1,
        "volume": 99321,
        "typical_volume": 132278.3,
        "trend": 10.490333,
        "fair_value": 13.38725,
        "relative_strength": -21.436996,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.046111,
        "energy": 27.06817,
        "activity_lines": [
          9.08,
          9.076,
          9.627619,
          9.968172
        ]
      },
      {
        "date": "2025-04-25",
        "close": 8.5,
        "volume": 86323,
        "typical_volume": 129586.15,
        "trend": 10.382,
        "fair_value": 13.349381,
        "relative_strength": -27.563614,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.50066,
        "energy": 34.151063,
        "activity_lines": [
          8.852,
          8.963273,
          9.491381,
          9.839763
        ]
      },
      {
        "date": "2025-05-02",
        "close": 8.18,
        "volume": 78261,
        "typical_volume": 126546.55,
        "trend": 10.276333,
        "fair_value": 13.314818,
        "relative_strength": -29.964124,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.555806,
        "energy": 40.74807,
        "activity_lines": [
          8.608,
          8.817818,
          9.331333,
          9.697699
        ]
      },
      {
        "date": "2025-05-09",
        "close": 7.44,
        "volume": 60179,
        "typical_volume": 111231.35,
        "trend": 10.107667,
        "fair_value": 13.278701,
        "relative_strength": -34.936361,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.972529,
        "energy": 59.48975,
        "activity_lines": [
          8.178667,
          8.554182,
          9.107857,
          9.51471
        ]
      },
      {
        "date": "2025-05-16",
        "close": 7.6,
        "volume": 139957,
        "typical_volume": 117290.7,
        "trend": 9.944333,
        "fair_value": 13.243609,
        "relative_strength": -35.072735,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.931038,
        "energy": 66.809658,
        "activity_lines": [
          7.893333,
          8.344727,
          8.913476,
          9.352925
        ]
      },
      {
        "date": "2025-05-23",
        "close": 7.06,
        "volume": 245232,
        "typical_volume": 128139.15,
        "trend": 9.799667,
        "fair_value": 13.203525,
        "relative_strength": -37.154004,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.405328,
        "energy": 72.100245,
        "activity_lines": [
          7.525333,
          8.054182,
          8.679571,
          9.166839
        ]
      },
      {
        "date": "2025-05-30",
        "close": 7.22,
        "volume": 221376,
        "typical_volume": 133434.85,
        "trend": 9.622,
        "fair_value": 13.167656,
        "relative_strength": -35.035062,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.853892,
        "energy": 70.295805,
        "activity_lines": [
          7.346667,
          7.826909,
          8.478238,
          9.000409
        ]
      },
      {
        "date": "2025-06-06",
        "close": 7.46,
        "volume": 68362,
        "typical_volume": 126416.5,
        "trend": 9.494,
        "fair_value": 13.135749,
        "relative_strength": -32.454076,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.900108,
        "energy": 53.968134,
        "activity_lines": [
          7.333333,
          7.691273,
          8.313,
          8.860925
        ]
      },
      {
        "date": "2025-06-13",
        "close": 7.42,
        "volume": 26510,
        "typical_volume": 124431.7,
        "trend": 9.361333,
        "fair_value": 13.101544,
        "relative_strength": -29.915547,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.194515,
        "energy": 43.002102,
        "activity_lines": [
          7.354667,
          7.578182,
          8.164381,
          8.727118
        ]
      },
      {
        "date": "2025-06-20",
        "close": 7.58,
        "volume": 12619,
        "typical_volume": 121805.8,
        "trend": 9.255667,
        "fair_value": 13.075126,
        "relative_strength": -26.777606,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.104056,
        "energy": 40.399476,
        "activity_lines": [
          7.430667,
          7.519273,
          8.050429,
          8.612194
        ]
      },
      {
        "date": "2025-06-27",
        "close": 7.86,
        "volume": 73832,
        "typical_volume": 116121.65,
        "trend": 9.164333,
        "fair_value": 13.054075,
        "relative_strength": -24.560991,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.471017,
        "energy": 29.864482,
        "activity_lines": [
          7.601333,
          7.538182,
          7.985619,
          8.522151
        ]
      },
      {
        "date": "2025-07-04",
        "close": 8.62,
        "volume": 34100,
        "typical_volume": 105316.0,
        "trend": 9.121667,
        "fair_value": 13.037896,
        "relative_strength": -16.174865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.326357,
        "energy": 16.938606,
        "activity_lines": [
          7.972,
          7.717818,
          8.008857,
          8.487032
        ]
      },
      {
        "date": "2025-07-11",
        "close": 8.64,
        "volume": 33039,
        "typical_volume": 101638.9,
        "trend": 9.087667,
        "fair_value": 13.021079,
        "relative_strength": -16.258285,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -20.125438,
        "energy": 17.765443,
        "activity_lines": [
          8.256,
          7.898909,
          8.040095,
          8.455957
        ]
      },
      {
        "date": "2025-07-18",
        "close": 8.9,
        "volume": 187981,
        "typical_volume": 96926.6,
        "trend": 9.039333,
        "fair_value": 13.006439,
        "relative_strength": -13.085831,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.083583,
        "energy": 15.829728,
        "activity_lines": [
          8.548,
          8.118909,
          8.09819,
          8.443849
        ]
      },
      {
        "date": "2025-07-25",
        "close": 10.0,
        "volume": 221142,
        "typical_volume": 103690.35,
        "trend": 9.036,
        "fair_value": 12.987625,
        "relative_strength": -3.872285,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 37.613338,
        "energy": 36.562683,
        "activity_lines": [
          9.108,
          8.512364,
          8.260667,
          8.505828
        ]
      },
      {
        "date": "2025-08-01",
        "close": 9.68,
        "volume": 73108,
        "typical_volume": 104108.7,
        "trend": 9.002,
        "fair_value": 12.964846,
        "relative_strength": -3.594799,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 29.259793,
        "energy": 42.574116,
        "activity_lines": [
          9.4,
          8.804,
          8.385714,
          8.547376
        ]
      },
      {
        "date": "2025-08-08",
        "close": 11.0,
        "volume": 168332,
        "typical_volume": 104093.0,
        "trend": 9.035333,
        "fair_value": 12.952442,
        "relative_strength": 7.140614,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 45.534498,
        "energy": 62.182428,
        "activity_lines": [
          10.010667,
          9.288,
          8.632952,
          8.67628
        ]
      },
      {
        "date": "2025-08-15",
        "close": 10.55,
        "volume": 68564,
        "typical_volume": 105006.0,
        "trend": 8.995333,
        "fair_value": 12.941108,
        "relative_strength": 1.883967,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 42.817731,
        "energy": 64.349422,
        "activity_lines": [
          10.312667,
          9.621455,
          8.831905,
          8.774
        ]
      },
      {
        "date": "2025-08-22",
        "close": 9.68,
        "volume": 76597,
        "typical_volume": 103705.95,
        "trend": 8.934667,
        "fair_value": 12.923432,
        "relative_strength": -7.537725,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 34.387,
        "energy": 46.937738,
        "activity_lines": [
          10.197333,
          9.740545,
          8.941095,
          8.818172
        ]
      },
      {
        "date": "2025-08-29",
        "close": 9.36,
        "volume": 47132,
        "typical_volume": 101098.35,
        "trend": 8.836667,
        "fair_value": 12.905235,
        "relative_strength": -7.751872,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 57.048267,
        "energy": 39.270106,
        "activity_lines": [
          9.923333,
          9.760364,
          9.015619,
          8.845613
        ]
      },
      {
        "date": "2025-09-05",
        "close": 8.26,
        "volume": 81354,
        "typical_volume": 100200.0,
        "trend": 8.740333,
        "fair_value": 12.889299,
        "relative_strength": -17.947965,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 26.820823,
        "energy": 14.792263,
        "activity_lines": [
          9.325333,
          9.547818,
          8.983952,
          8.808409
        ]
      },
      {
        "date": "2025-09-12",
        "close": 8.02,
        "volume": 119201,
        "typical_volume": 101843.9,
        "trend": 8.677667,
        "fair_value": 12.868636,
        "relative_strength": -19.859498,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 11.688887,
        "energy": 17.932228,
        "activity_lines": [
          8.742,
          9.284364,
          8.933429,
          8.761935
        ]
      },
      {
        "date": "2025-09-19",
        "close": 8.02,
        "volume": 31865,
        "typical_volume": 99524.1,
        "trend": 8.642333,
        "fair_value": 12.849248,
        "relative_strength": -19.573505,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -8.249945,
        "energy": 21.645883,
        "activity_lines": [
          8.357333,
          9.031818,
          8.88519,
          8.719505
        ]
      },
      {
        "date": "2025-09-26",
        "close": 8.18,
        "volume": 35419,
        "typical_volume": 98286.1,
        "trend": 8.621,
        "fair_value": 12.815196,
        "relative_strength": -17.340635,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.768251,
        "energy": 25.971147,
        "activity_lines": [
          8.194667,
          8.819636,
          8.852952,
          8.689677
        ]
      },
      {
        "date": "2025-10-03",
        "close": 10.95,
        "volume": 179681,
        "typical_volume": 100272.3,
        "trend": 8.701333,
        "fair_value": 12.795583,
        "relative_strength": 7.421571,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 46.287497,
        "energy": 20.87668,
        "activity_lines": [
          9.055333,
          9.124182,
          9.081,
          8.839935
        ]
      },
      {
        "date": "2025-10-10",
        "close": 7.78,
        "volume": 252697,
        "typical_volume": 100645.55,
        "trend": 8.662667,
        "fair_value": 12.759349,
        "relative_strength": -22.289274,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -2.434365,
        "energy": 3.779429,
        "activity_lines": [
          8.753333,
          8.835091,
          8.99119,
          8.780495
        ]
      },
      {
        "date": "2025-10-17",
        "close": 7.12,
        "volume": 62005,
        "typical_volume": 92677.0,
        "trend": 8.571333,
        "fair_value": 12.721946,
        "relative_strength": -27.902724,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.74494,
        "energy": 15.260865,
        "activity_lines": [
          8.263333,
          8.460545,
          8.835095,
          8.680968
        ]
      },
      {
        "date": "2025-10-24",
        "close": 6.88,
        "volume": 86918,
        "typical_volume": 93604.8,
        "trend": 8.497333,
        "fair_value": 12.678667,
        "relative_strength": -31.777788,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -28.13301,
        "energy": 23.449006,
        "activity_lines": [
          7.753333,
          8.112909,
          8.656619,
          8.571849
        ]
      },
      {
        "date": "2025-10-31",
        "close": 6.7,
        "volume": 29226,
        "typical_volume": 93740.6,
        "trend": 8.427333,
        "fair_value": 12.632831,
        "relative_strength": -32.190808,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -31.272258,
        "energy": 51.887392,
        "activity_lines": [
          7.259333,
          7.799273,
          8.463762,
          8.455892
        ]
      },
      {
        "date": "2025-11-07",
        "close": 7.0,
        "volume": 60851,
        "typical_volume": 96152.2,
        "trend": 8.358667,
        "fair_value": 12.591852,
        "relative_strength": -27.550488,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.057374,
        "energy": 56.877679,
        "activity_lines": [
          6.964,
          7.594364,
          8.302905,
          8.363806
        ]
      },
      {
        "date": "2025-11-14",
        "close": 6.9,
        "volume": 83729,
        "typical_volume": 96647.05,
        "trend": 8.285333,
        "fair_value": 12.541685,
        "relative_strength": -28.413254,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -59.457479,
        "energy": 63.065924,
        "activity_lines": [
          6.898667,
          7.414182,
          8.135286,
          8.269699
        ]
      },
      {
        "date": "2025-11-21",
        "close": 6.4,
        "volume": 89896,
        "typical_volume": 99436.85,
        "trend": 8.215333,
        "fair_value": 12.493416,
        "relative_strength": -31.461445,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.942488,
        "energy": 64.607545,
        "activity_lines": [
          6.725333,
          7.167818,
          7.924619,
          8.148065
        ]
      },
      {
        "date": "2025-11-28",
        "close": 5.84,
        "volume": 370799,
        "typical_volume": 116324.85,
        "trend": 8.137333,
        "fair_value": 12.439133,
        "relative_strength": -38.719375,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.076404,
        "energy": 66.542962,
        "activity_lines": [
          6.413333,
          6.849091,
          7.67119,
          7.994817
        ]
      },
      {
        "date": "2025-12-05",
        "close": 6.08,
        "volume": 405525,
        "typical_volume": 127202.05,
        "trend": 8.092,
        "fair_value": 12.376184,
        "relative_strength": -36.49342,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.352438,
        "energy": 61.772802,
        "activity_lines": [
          6.250667,
          6.613636,
          7.453952,
          7.862086
        ]
      },
      {
        "date": "2025-12-12",
        "close": 6.06,
        "volume": 52193,
        "typical_volume": 118754.6,
        "trend": 8.040667,
        "fair_value": 12.308004,
        "relative_strength": -35.983742,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.642973,
        "energy": 63.054207,
        "activity_lines": [
          6.122667,
          6.412727,
          7.248238,
          7.730989
        ]
      },
      {
        "date": "2025-12-19",
        "close": 5.66,
        "volume": 115999,
        "typical_volume": 120899.15,
        "trend": 7.994,
        "fair_value": 12.249888,
        "relative_strength": -39.880937,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.848041,
        "energy": 62.303033,
        "activity_lines": [
          5.924,
          6.228,
          7.02319,
          7.577398
        ]
      },
      {
        "date": "2025-12-26",
        "close": 5.5,
        "volume": 26182,
        "typical_volume": 113791.65,
        "trend": 7.936667,
        "fair_value": 12.192661,
        "relative_strength": -41.013124,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.679385,
        "energy": 57.767241,
        "activity_lines": [
          5.754667,
          6.052727,
          6.802048,
          7.416495
        ]
      },
      {
        "date": "2026-01-02",
        "close": 5.54,
        "volume": 187459,
        "typical_volume": 119736.4,
        "trend": 7.872667,
        "fair_value": 12.131608,
        "relative_strength": -40.427754,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.244302,
        "energy": 69.522428,
        "activity_lines": [
          5.658667,
          5.914182,
          6.610905,
          7.261871
        ]
      },
      {
        "date": "2026-01-09",
        "close": 6.1,
        "volume": 37074,
        "typical_volume": 117760.25,
        "trend": 7.828667,
        "fair_value": 12.078354,
        "relative_strength": -35.733845,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.074229,
        "energy": 70.893382,
        "activity_lines": [
          5.769333,
          5.901818,
          6.496952,
          7.147505
        ]
      },
      {
        "date": "2026-01-16",
        "close": 5.42,
        "volume": 83130,
        "typical_volume": 119560.15,
        "trend": 7.756667,
        "fair_value": 12.018828,
        "relative_strength": -43.183165,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.559398,
        "energy": 78.025514,
        "activity_lines": [
          5.652,
          5.776727,
          6.335286,
          6.992108
        ]
      },
      {
        "date": "2026-01-23",
        "close": 5.28,
        "volume": 201603,
        "typical_volume": 125572.6,
        "trend": 7.670667,
        "fair_value": 11.959424,
        "relative_strength": -43.29535,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.451516,
        "energy": 78.460346,
        "activity_lines": [
          5.530667,
          5.654909,
          6.179048,
          6.832323
        ]
      },
      {
        "date": "2026-01-30",
        "close": 4.9,
        "volume": 105367,
        "typical_volume": 124880.9,
        "trend": 7.546667,
        "fair_value": 11.905367,
        "relative_strength": -46.608818,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.913219,
        "energy": 78.318175,
        "activity_lines": [
          5.308,
          5.493455,
          6.00081,
          6.65357
        ]
      },
      {
        "date": "2026-02-06",
        "close": 4.05,
        "volume": 309092,
        "typical_volume": 138742.25,
        "trend": 7.393667,
        "fair_value": 11.848029,
        "relative_strength": -56.388943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -87.661677,
        "energy": 85.554389,
        "activity_lines": [
          4.842,
          5.204727,
          5.756476,
          6.427978
        ]
      },
      {
        "date": "2026-02-13",
        "close": 4.43,
        "volume": 255178,
        "typical_volume": 149730.2,
        "trend": 7.244667,
        "fair_value": 11.793254,
        "relative_strength": -51.590875,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.337416,
        "energy": 77.595207,
        "activity_lines": [
          4.602,
          5.017636,
          5.567238,
          6.236774
        ]
      },
      {
        "date": "2026-02-20",
        "close": 4.27,
        "volume": 172932,
        "typical_volume": 149392.75,
        "trend": 7.053667,
        "fair_value": 11.72776,
        "relative_strength": -53.624647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.921785,
        "energy": 73.819175,
        "activity_lines": [
          4.42,
          4.831455,
          5.380619,
          6.04486
        ]
      },
      {
        "date": "2026-02-27",
        "close": 4.02,
        "volume": 124038,
        "typical_volume": 142959.8,
        "trend": 6.865,
        "fair_value": 11.661172,
        "relative_strength": -56.335651,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.313477,
        "energy": 75.707355,
        "activity_lines": [
          4.231333,
          4.632364,
          5.202,
          5.84914
        ]
      },
      {
        "date": "2026-03-06",
        "close": 3.88,
        "volume": 66908,
        "typical_volume": 143204.95,
        "trend": 6.627667,
        "fair_value": 11.592795,
        "relative_strength": -54.737154,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.98012,
        "energy": 72.838163,
        "activity_lines": [
          4.08,
          4.437636,
          5.027952,
          5.656559
        ]
      },
      {
        "date": "2026-03-13",
        "close": 4.5,
        "volume": 275814,
        "typical_volume": 152649.75,
        "trend": 6.426,
        "fair_value": 11.538087,
        "relative_strength": -46.487607,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.233186,
        "energy": 59.264093,
        "activity_lines": [
          4.203333,
          4.385091,
          4.928381,
          5.51929
        ]
      },
      {
        "date": "2026-03-20",
        "close": 5.18,
        "volume": 60354,
        "typical_volume": 154206.15,
        "trend": 6.276,
        "fair_value": 11.484293,
        "relative_strength": -34.2073,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.037713,
        "energy": 41.800619,
        "activity_lines": [
          4.523333,
          4.475091,
          4.904905,
          5.438903
        ]
      },
      {
        "date": "2026-03-27",
        "close": 4.87,
        "volume": 220471,
        "typical_volume": 162187.15,
        "trend": 6.126333,
        "fair_value": 11.432212,
        "relative_strength": -37.304005,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.383349,
        "energy": 28.288613,
        "activity_lines": [
          4.69,
          4.525455,
          4.859143,
          5.348194
        ]
      },
      {
        "date": "2026-04-03",
        "close": 5.1,
        "volume": 16196,
        "typical_volume": 158810.5,
        "trend": 6.021,
        "fair_value": 11.37816,
        "relative_strength": -35.624873,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.889122,
        "energy": 22.845462,
        "activity_lines": [
          4.893333,
          4.627636,
          4.845429,
          5.281978
        ]
      },
      {
        "date": "2026-04-10",
        "close": 4.68,
        "volume": 14494,
        "typical_volume": 155040.4,
        "trend": 5.909667,
        "fair_value": 11.325563,
        "relative_strength": -42.644571,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.952025,
        "energy": 21.223378,
        "activity_lines": [
          4.884667,
          4.656727,
          4.800286,
          5.195462
        ]
      },
      {
        "date": "2026-04-17",
        "close": 4.94,
        "volume": 101927,
        "typical_volume": 141596.8,
        "trend": 5.807,
        "fair_value": 11.261556,
        "relative_strength": -39.813017,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.019907,
        "energy": 16.594922,
        "activity_lines": [
          4.909333,
          4.737091,
          4.788095,
          5.132903
        ]
      },
      {
        "date": "2026-04-24",
        "close": 4.63,
        "volume": 66252,
        "typical_volume": 124633.15,
        "trend": 5.688667,
        "fair_value": 11.195881,
        "relative_strength": -41.235265,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.850799,
        "energy": 16.179381,
        "activity_lines": [
          4.801333,
          4.744909,
          4.750667,
          5.056968
        ]
      },
      {
        "date": "2026-05-01",
        "close": 4.29,
        "volume": 110710,
        "typical_volume": 127559.0,
        "trend": 5.466667,
        "fair_value": 11.127071,
        "relative_strength": -44.014829,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.860046,
        "energy": 29.260216,
        "activity_lines": [
          4.616667,
          4.687273,
          4.687762,
          4.966731
        ]
      },
      {
        "date": "2026-05-08",
        "close": 4.59,
        "volume": 114694,
        "typical_volume": 127493.75,
        "trend": 5.360333,
        "fair_value": 11.06688,
        "relative_strength": -39.640899,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.934165,
        "energy": 24.179897,
        "activity_lines": [
          4.570667,
          4.683818,
          4.661857,
          4.910172
        ]
      },
      {
        "date": "2026-05-15",
        "close": 4.46,
        "volume": 18616,
        "typical_volume": 127115.45,
        "trend": 5.271667,
        "fair_value": 11.004261,
        "relative_strength": -39.921782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.715906,
        "energy": 28.71014,
        "activity_lines": [
          4.515333,
          4.646364,
          4.628667,
          4.852086
        ]
      },
      {
        "date": "2026-05-22",
        "close": 4.55,
        "volume": 1340913,
        "typical_volume": 184788.15,
        "trend": 5.194,
        "fair_value": 10.940625,
        "relative_strength": -40.187175,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.149477,
        "energy": 29.54084,
        "activity_lines": [
          4.504667,
          4.614727,
          4.609,
          4.805527
        ]
      },
      {
        "date": "2026-05-29",
        "close": 5.3,
        "volume": 123823,
        "typical_volume": 189125.6,
        "trend": 5.147333,
        "fair_value": 10.883072,
        "relative_strength": -29.474258,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.902127,
        "energy": 3.893466,
        "activity_lines": [
          4.77,
          4.718545,
          4.665476,
          4.812366
        ]
      },
      {
        "date": "2026-06-05",
        "close": 6.0,
        "volume": 9766,
        "typical_volume": 185457.4,
        "trend": 5.114,
        "fair_value": 10.82905,
        "relative_strength": -18.931193,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 30.195668,
        "energy": 28.754167,
        "activity_lines": [
          5.224,
          4.947455,
          4.792429,
          4.867376
        ]
      },
      {
        "date": "2026-06-12",
        "close": 5.4,
        "volume": 26532,
        "typical_volume": 176703.85,
        "trend": 5.064,
        "fair_value": 10.771181,
        "relative_strength": -26.205462,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 16.820726,
        "energy": 30.08769,
        "activity_lines": [
          5.364,
          5.046727,
          4.859476,
          4.885828
        ]
      },
      {
        "date": "2026-06-19",
        "close": 5.5,
        "volume": 67851,
        "typical_volume": 174828.05,
        "trend": 5.034,
        "fair_value": 10.716505,
        "relative_strength": -25.544579,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 29.956428,
        "energy": 45.960321,
        "activity_lines": [
          5.483333,
          5.158727,
          4.935476,
          4.913957
        ]
      },
      {
        "date": "2026-06-26",
        "close": 5.4,
        "volume": 3178,
        "typical_volume": 159532.35,
        "trend": 5.019333,
        "fair_value": 10.661506,
        "relative_strength": -25.438158,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 31.366272,
        "energy": 52.609459,
        "activity_lines": [
          5.5,
          5.237636,
          4.999095,
          4.93757
        ]
      },
      {
        "date": "2026-07-03",
        "close": 5.3,
        "volume": 2977,
        "typical_volume": 146922.3,
        "trend": 4.993333,
        "fair_value": 10.606186,
        "relative_strength": -27.838987,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 28.048665,
        "energy": 34.807341,
        "activity_lines": [
          5.426667,
          5.29,
          5.046762,
          4.955677
        ]
      },
      {
        "date": "2026-07-10",
        "close": 5.3,
        "volume": 33156,
        "typical_volume": 139933.5,
        "trend": 4.968,
        "fair_value": 10.553736,
        "relative_strength": -25.167732,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.692266,
        "energy": 31.160044,
        "activity_lines": [
          5.353333,
          5.330182,
          5.090286,
          4.975462
        ]
      },
      {
        "date": "2026-07-17",
        "close": 5.3,
        "volume": 62146,
        "typical_volume": 136838.9,
        "trend": 4.956,
        "fair_value": 10.499691,
        "relative_strength": -23.235137,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 39.184963,
        "energy": 23.039672,
        "activity_lines": [
          5.326667,
          5.352,
          5.128905,
          4.996882
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.04,
        "volume": 13783,
        "typical_volume": 134182.65,
        "trend": 4.940667,
        "fair_value": 10.436006,
        "relative_strength": -26.750748,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 34.129334,
        "energy": 16.715146,
        "activity_lines": [
          5.22,
          5.313636,
          5.136667,
          5.002301
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.2,
        "volume": 22401,
        "typical_volume": 121512.0,
        "trend": 4.929333,
        "fair_value": 10.377175,
        "relative_strength": -24.018451,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.508402,
        "energy": 16.026186,
        "activity_lines": [
          5.197333,
          5.293818,
          5.154143,
          5.019032
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.92,
        "volume": 38904,
        "typical_volume": 120439.5,
        "trend": 4.89,
        "fair_value": 10.316229,
        "relative_strength": -27.72238,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 21.940974,
        "energy": 14.52426,
        "activity_lines": [
          5.094667,
          5.211273,
          5.141619,
          5.01843
        ]
      }
    ],
    "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."
    }
  }
}