{ "ticker": { "uuid": "12ad7d13-80f8-4ac9-bba4-fdba5f28917f", "symbol": "CLF", "name": "Caleffi S.p.A.", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 58.242, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 14.554, "architecture_energy": 24.755, "architecture_maturity": 4.007, "architecture_confidence": 38.273, "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": 51.01, "rotation_up": 51.7, "upward_expansion": 34.87, "deceleration": 32.7, "rotation_down": 16.12, "downward_expansion": 21.21 }, "activity_lines": [ 0.822133, 0.811455, 0.797952, 0.802396 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 0.82, "trend_reference": 0.819933, "distance_from_trend": 8.1e-05, "trend_direction": "Weakening", "fair_value": 0.834362, "distance_from_fair_value": -0.017213, "fair_value_direction": "Improving", "relative_strength": -14.825939, "relative_strength_direction": "Improving", "price_momentum": -0.068182, "excess_performance": -0.239074, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 8.1e-05, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.021404, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.017213, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.079448, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.148259, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.023508, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.068182, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.108902, "read": "Demand-led" } ], "volume": { "latest": 107470, "relative_activity": 2.044442, "balance": 2.108902, "dry_up": 1.284877, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.053846, "annualized_volatility": 0.161732, "from_high_reference": -0.152893, "from_low_reference": 0.11413 }, "levels": { "trend_reference": 0.819933, "fair_value_reference": 0.834362, "structural_low": 0.74, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": -0.006447, "positive_rate": 0.388889, "directional_follow_through": 0.388889, "median_excess_return": -0.030799, "regime_survival": 0.555556, "best_return": 0.138889, "worst_return": -0.148277, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.043402, "positive_rate": 0.222222, "directional_follow_through": 0.222222, "median_excess_return": -0.085387, "regime_survival": 0.222222, "best_return": 0.319445, "worst_return": -0.171103, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.07563, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.121363, "regime_survival": 0.166667, "best_return": 0.143951, "worst_return": -0.231939, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.046617, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.376217, "regime_survival": 0.0, "best_return": 0.083333, "worst_return": -0.204082, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-29", "end": "2024-04-19", "tenure": "New", "return": -0.002253, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-26", "end": "2024-07-26", "tenure": "Established", "return": -0.006787, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-08-16", "tenure": "New", "return": -0.041379, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-23", "end": "2025-02-07", "tenure": "Established", "return": 0.045238, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.061758, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-08-29", "tenure": "Established", "return": -0.034227, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-05", "end": "2025-10-03", "tenure": "Developing", "return": 0.202703, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-11-14", "tenure": "Developing", "return": -0.054176, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2025-12-26", "tenure": "Developing", "return": 0.09828, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-02-13", "tenure": "Developing", "return": -0.032967, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.066667, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": -0.01737, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-24", "end": "2026-07-24", "tenure": "Established", "return": 0.041131, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.002445, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.990196, "volume": 55022, "typical_volume": 27905.9, "trend": 1.04744, "fair_value": 1.042933, "relative_strength": -12.237972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.953719, "energy": 27.567243, "activity_lines": [ 0.999673, 1.001337, 1.007853, 1.021672 ] }, { "date": "2023-08-25", "close": 0.960784, "volume": 28316, "typical_volume": 28048.75, "trend": 1.045112, "fair_value": 1.044677, "relative_strength": -15.51278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.295841, "energy": 44.718826, "activity_lines": [ 0.985621, 0.993493, 1.002789, 1.016081 ] }, { "date": "2023-09-01", "close": 0.956862, "volume": 28359, "typical_volume": 26732.5, "trend": 1.040727, "fair_value": 1.046366, "relative_strength": -16.437864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.816079, "energy": 57.467649, "activity_lines": [ 0.973202, 0.986096, 0.99773, 1.010388 ] }, { "date": "2023-09-08", "close": 0.970588, "volume": 6276, "typical_volume": 25790.85, "trend": 1.032144, "fair_value": 1.048327, "relative_strength": -13.311968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.409975, "energy": 56.669143, "activity_lines": [ 0.969542, 0.982246, 0.994284, 1.005863 ] }, { "date": "2023-09-15", "close": 0.956862, "volume": 18667, "typical_volume": 25047.2, "trend": 1.023586, "fair_value": 1.050324, "relative_strength": -15.927918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.79113, "energy": 58.951941, "activity_lines": [ 0.963267, 0.976256, 0.989954, 1.001006 ] }, { "date": "2023-09-22", "close": 0.956862, "volume": 22715, "typical_volume": 24698.7, "trend": 1.01599, "fair_value": 1.052383, "relative_strength": -14.295684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.074616, "energy": 49.60529, "activity_lines": [ 0.959869, 0.970962, 0.985929, 0.996701 ] }, { "date": "2023-09-29", "close": 0.949019, "volume": 16454, "typical_volume": 24295.25, "trend": 1.009578, "fair_value": 1.054484, "relative_strength": -13.400177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.108256, "energy": 42.311788, "activity_lines": [ 0.956078, 0.965026, 0.981417, 0.99238 ] }, { "date": "2023-10-06", "close": 0.886274, "volume": 104229, "typical_volume": 26026.45, "trend": 1.001556, "fair_value": 1.056399, "relative_strength": -17.309674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.039657, "energy": 61.909672, "activity_lines": [ 0.932156, 0.948698, 0.971157, 0.984425 ] }, { "date": "2023-10-13", "close": 0.878431, "volume": 16126, "typical_volume": 26201.9, "trend": 0.997125, "fair_value": 1.058047, "relative_strength": -18.654081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.096718, "energy": 71.037463, "activity_lines": [ 0.910326, 0.933368, 0.960723, 0.976482 ] }, { "date": "2023-10-20", "close": 0.878431, "volume": 110587, "typical_volume": 31084.7, "trend": 0.99141, "fair_value": 1.059912, "relative_strength": -15.52714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.178797, "energy": 72.341878, "activity_lines": [ 0.89464, 0.920249, 0.950985, 0.968824 ] }, { "date": "2023-10-27", "close": 0.882352, "volume": 11901, "typical_volume": 30105.7, "trend": 0.985184, "fair_value": 1.062172, "relative_strength": -14.407265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.13792, "energy": 72.601757, "activity_lines": [ 0.88549, 0.910053, 0.942338, 0.961788 ] }, { "date": "2023-11-03", "close": 0.85098, "volume": 9788, "typical_volume": 30276.45, "trend": 0.978875, "fair_value": 1.064478, "relative_strength": -20.908859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.916341, "energy": 75.480796, "activity_lines": [ 0.870849, 0.896114, 0.931405, 0.953129 ] }, { "date": "2023-11-10", "close": 0.888235, "volume": 30081, "typical_volume": 31150.3, "trend": 0.97445, "fair_value": 1.066406, "relative_strength": -16.531921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.166957, "energy": 56.079049, "activity_lines": [ 0.875163, 0.890944, 0.924845, 0.947282 ] }, { "date": "2023-11-17", "close": 0.9, "volume": 150555, "typical_volume": 36758.55, "trend": 0.969133, "fair_value": 1.067544, "relative_strength": -17.874349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.217535, "energy": 42.168661, "activity_lines": [ 0.883268, 0.889162, 0.920009, 0.942478 ] }, { "date": "2023-11-24", "close": 0.860784, "volume": 103037, "typical_volume": 41409.55, "trend": 0.963793, "fair_value": 1.068524, "relative_strength": -20.846549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.166126, "energy": 42.906403, "activity_lines": [ 0.876862, 0.881533, 0.911867, 0.935488 ] }, { "date": "2023-12-01", "close": 0.862745, "volume": 66650, "typical_volume": 43906.1, "trend": 0.95884, "fair_value": 1.069578, "relative_strength": -21.552841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.790462, "energy": 38.201272, "activity_lines": [ 0.872287, 0.876007, 0.904551, 0.928969 ] }, { "date": "2023-12-08", "close": 0.978431, "volume": 102773, "typical_volume": 48143.8, "trend": 0.958224, "fair_value": 1.071435, "relative_strength": -11.944194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.781636, "energy": 11.659645, "activity_lines": [ 0.907581, 0.893226, 0.908907, 0.930233 ] }, { "date": "2023-12-15", "close": 0.958823, "volume": 20705, "typical_volume": 48535.75, "trend": 0.956634, "fair_value": 1.073229, "relative_strength": -13.142925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.292292, "energy": 13.138019, "activity_lines": [ 0.927843, 0.906345, 0.911522, 0.930272 ] }, { "date": "2023-12-22", "close": 1.034313, "volume": 79618, "typical_volume": 51350.85, "trend": 0.95696, "fair_value": 1.075475, "relative_strength": -5.877585, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.072718, "energy": 29.954079, "activity_lines": [ 0.968562, 0.931871, 0.921615, 0.935283 ] }, { "date": "2023-12-29", "close": 1.014705, "volume": 61053, "typical_volume": 52145.6, "trend": 0.95647, "fair_value": 1.077658, "relative_strength": -7.264287, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.758371, "energy": 34.454816, "activity_lines": [ 0.99379, 0.950998, 0.929677, 0.939009 ] }, { "date": "2024-01-05", "close": 0.990196, "volume": 62261, "typical_volume": 52507.55, "trend": 0.955163, "fair_value": 1.079683, "relative_strength": -9.334697, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.636379, "energy": 46.336266, "activity_lines": [ 1.000588, 0.96319, 0.935336, 0.941184 ] }, { "date": "2024-01-12", "close": 1.044117, "volume": 819445, "typical_volume": 92064.0, "trend": 0.955817, "fair_value": 1.081931, "relative_strength": -4.217847, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.48316, "energy": 52.306855, "activity_lines": [ 1.016862, 0.983226, 0.946129, 0.946923 ] }, { "date": "2024-01-19", "close": 0.960784, "volume": 59733, "typical_volume": 93632.7, "trend": 0.954019, "fair_value": 1.083706, "relative_strength": -10.967669, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.068225, "energy": 27.972214, "activity_lines": [ 1.00098, 0.984598, 0.94859, 0.947244 ] }, { "date": "2024-01-26", "close": 0.980392, "volume": 37477, "typical_volume": 95192.75, "trend": 0.953692, "fair_value": 1.085668, "relative_strength": -9.10546, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.576987, "energy": 18.944529, "activity_lines": [ 0.991503, 0.988217, 0.952899, 0.948945 ] }, { "date": "2024-02-02", "close": 0.960784, "volume": 132498, "typical_volume": 100884.3, "trend": 0.952549, "fair_value": 1.087412, "relative_strength": -11.469707, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.157092, "energy": 10.240282, "activity_lines": [ 0.979085, 0.986809, 0.955294, 0.949403 ] }, { "date": "2024-02-09", "close": 0.968627, "volume": 66648, "typical_volume": 103080.95, "trend": 0.951503, "fair_value": 1.089053, "relative_strength": -11.328582, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.235033, "energy": 7.826766, "activity_lines": [ 0.972875, 0.985009, 0.958417, 0.95044 ] }, { "date": "2024-02-16", "close": 0.923529, "volume": 36365, "typical_volume": 104076.5, "trend": 0.94879, "fair_value": 1.089169, "relative_strength": -16.320225, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.481767, "energy": 10.032925, "activity_lines": [ 0.953072, 0.973083, 0.957189, 0.948635 ] }, { "date": "2024-02-23", "close": 0.931372, "volume": 24296, "typical_volume": 100079.85, "trend": 0.945849, "fair_value": 1.089644, "relative_strength": -17.406045, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.391785, "energy": 9.022868, "activity_lines": [ 0.943921, 0.963582, 0.95683, 0.947512 ] }, { "date": "2024-03-01", "close": 0.921568, "volume": 47640, "typical_volume": 101655.55, "trend": 0.943235, "fair_value": 1.090056, "relative_strength": -18.259319, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.995754, "energy": 14.642992, "activity_lines": [ 0.933464, 0.952798, 0.955322, 0.945945 ] }, { "date": "2024-03-08", "close": 0.917647, "volume": 55971, "typical_volume": 98924.75, "trend": 0.94049, "fair_value": 1.090228, "relative_strength": -19.123713, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.167498, "energy": 18.837289, "activity_lines": [ 0.925621, 0.943351, 0.953235, 0.944294 ] }, { "date": "2024-03-15", "close": 0.898039, "volume": 91576, "typical_volume": 102908.5, "trend": 0.937418, "fair_value": 1.090119, "relative_strength": -21.51486, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.927695, "energy": 28.793059, "activity_lines": [ 0.914117, 0.932103, 0.949094, 0.941556 ] }, { "date": "2024-03-22", "close": 0.880392, "volume": 40546, "typical_volume": 104446.4, "trend": 0.934738, "fair_value": 1.08965, "relative_strength": -23.309819, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.299217, "energy": 40.119086, "activity_lines": [ 0.901438, 0.919322, 0.943198, 0.937876 ] }, { "date": "2024-03-29", "close": 0.870588, "volume": 56925, "typical_volume": 105788.6, "trend": 0.931862, "fair_value": 1.087821, "relative_strength": -24.424686, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.467398, "energy": 42.735796, "activity_lines": [ 0.888366, 0.907736, 0.936227, 0.933738 ] }, { "date": "2024-04-05", "close": 0.884313, "volume": 8115, "typical_volume": 98666.6, "trend": 0.928987, "fair_value": 1.086204, "relative_strength": -21.005036, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.226656, "energy": 40.283283, "activity_lines": [ 0.883921, 0.900285, 0.930649, 0.93067 ] }, { "date": "2024-04-12", "close": 0.860784, "volume": 52104, "typical_volume": 96119.95, "trend": 0.925784, "fair_value": 1.084436, "relative_strength": -22.03705, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.632639, "energy": 50.576422, "activity_lines": [ 0.874117, 0.890303, 0.922903, 0.92627 ] }, { "date": "2024-04-19", "close": 0.868627, "volume": 38090, "typical_volume": 94691.95, "trend": 0.922843, "fair_value": 1.082564, "relative_strength": -21.109512, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.659359, "energy": 55.012161, "activity_lines": [ 0.870719, 0.883565, 0.915905, 0.922582 ] }, { "date": "2024-04-26", "close": 0.866666, "volume": 60999, "typical_volume": 92603.25, "trend": 0.920098, "fair_value": 1.08105, "relative_strength": -21.46432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.654019, "energy": 50.175143, "activity_lines": [ 0.868627, 0.878288, 0.908692, 0.918958 ] }, { "date": "2024-05-03", "close": 0.862745, "volume": 41207, "typical_volume": 93628.35, "trend": 0.919313, "fair_value": 1.07948, "relative_strength": -19.834078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.258539, "energy": 51.004234, "activity_lines": [ 0.866143, 0.873333, 0.901638, 0.915258 ] }, { "date": "2024-05-10", "close": 0.882352, "volume": 31540, "typical_volume": 91224.45, "trend": 0.919444, "fair_value": 1.078314, "relative_strength": -19.915036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.250281, "energy": 35.551494, "activity_lines": [ 0.870718, 0.87319, 0.896909, 0.912873 ] }, { "date": "2024-05-17", "close": 0.843137, "volume": 172753, "typical_volume": 96809.45, "trend": 0.918268, "fair_value": 1.077143, "relative_strength": -24.495725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.406165, "energy": 41.056846, "activity_lines": [ 0.862352, 0.866631, 0.889169, 0.90795 ] }, { "date": "2024-05-24", "close": 0.843137, "volume": 27635, "typical_volume": 95078.15, "trend": 0.91696, "fair_value": 1.076003, "relative_strength": -21.84541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.475726, "energy": 46.753356, "activity_lines": [ 0.855163, 0.861426, 0.882245, 0.903103 ] }, { "date": "2024-05-31", "close": 0.82745, "volume": 36356, "typical_volume": 55923.7, "trend": 0.916176, "fair_value": 1.074608, "relative_strength": -22.633849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.479787, "energy": 59.56494, "activity_lines": [ 0.844444, 0.854367, 0.874528, 0.897328 ] }, { "date": "2024-06-07", "close": 0.856862, "volume": 30569, "typical_volume": 54465.5, "trend": 0.91513, "fair_value": 1.073401, "relative_strength": -19.615249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.790912, "energy": 55.587671, "activity_lines": [ 0.846143, 0.853618, 0.870644, 0.893502 ] }, { "date": "2024-06-14", "close": 0.843137, "volume": 30463, "typical_volume": 54114.8, "trend": 0.913235, "fair_value": 1.072354, "relative_strength": -15.492899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.797856, "energy": 53.73346, "activity_lines": [ 0.84366, 0.850623, 0.865947, 0.888857 ] }, { "date": "2024-06-21", "close": 0.862745, "volume": 11327, "typical_volume": 48056.25, "trend": 0.9133, "fair_value": 1.071247, "relative_strength": -14.586926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.006103, "energy": 36.628537, "activity_lines": [ 0.850326, 0.851943, 0.863772, 0.885599 ] }, { "date": "2024-06-28", "close": 0.852941, "volume": 14927, "typical_volume": 45470.2, "trend": 0.912973, "fair_value": 1.069923, "relative_strength": -14.656822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.958715, "energy": 27.231056, "activity_lines": [ 0.852418, 0.851443, 0.861129, 0.881705 ] }, { "date": "2024-07-05", "close": 0.849019, "volume": 20318, "typical_volume": 44667.85, "trend": 0.90866, "fair_value": 1.068697, "relative_strength": -16.556563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.414098, "energy": 27.175898, "activity_lines": [ 0.852549, 0.850517, 0.858664, 0.877579 ] }, { "date": "2024-07-12", "close": 0.85098, "volume": 43259, "typical_volume": 45616.0, "trend": 0.905065, "fair_value": 1.067546, "relative_strength": -17.251595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.29254, "energy": 23.108963, "activity_lines": [ 0.851895, 0.850267, 0.856741, 0.873858 ] }, { "date": "2024-07-19", "close": 0.874509, "volume": 2374, "typical_volume": 43352.7, "trend": 0.899738, "fair_value": 1.066483, "relative_strength": -13.538381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.483021, "energy": 17.736181, "activity_lines": [ 0.859477, 0.854509, 0.857441, 0.871887 ] }, { "date": "2024-07-26", "close": 0.860784, "volume": 45681, "typical_volume": 42838.2, "trend": 0.894607, "fair_value": 1.065518, "relative_strength": -13.365324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.155006, "energy": 15.048993, "activity_lines": [ 0.860392, 0.856399, 0.857058, 0.869373 ] }, { "date": "2024-08-02", "close": 0.852941, "volume": 39599, "typical_volume": 40239.35, "trend": 0.890032, "fair_value": 1.064441, "relative_strength": -8.849819, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.176158, "energy": 11.701671, "activity_lines": [ 0.858823, 0.856541, 0.856199, 0.866685 ] }, { "date": "2024-08-09", "close": 0.82549, "volume": 52761, "typical_volume": 40850.1, "trend": 0.882745, "fair_value": 1.063064, "relative_strength": -10.572795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.655956, "energy": 27.875723, "activity_lines": [ 0.848104, 0.851515, 0.852941, 0.862521 ] }, { "date": "2024-08-16", "close": 0.817647, "volume": 27864, "typical_volume": 39397.05, "trend": 0.877973, "fair_value": 1.061637, "relative_strength": -14.177041, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.164902, "energy": 41.549513, "activity_lines": [ 0.83634, 0.845098, 0.849197, 0.858321 ] }, { "date": "2024-08-23", "close": 0.823529, "volume": 4516, "typical_volume": 39217.1, "trend": 0.872745, "fair_value": 1.06031, "relative_strength": -14.577846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.173505, "energy": 54.276463, "activity_lines": [ 0.828758, 0.840463, 0.846265, 0.854809 ] }, { "date": "2024-08-30", "close": 0.852941, "volume": 612, "typical_volume": 36642.5, "trend": 0.86915, "fair_value": 1.059109, "relative_strength": -12.886023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.143396, "energy": 44.383857, "activity_lines": [ 0.834379, 0.841533, 0.846424, 0.853531 ] }, { "date": "2024-09-06", "close": 0.831372, "volume": 19253, "typical_volume": 35700.65, "trend": 0.864575, "fair_value": 1.057338, "relative_strength": -11.769005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.811968, "energy": 35.385973, "activity_lines": [ 0.833333, 0.838859, 0.844565, 0.851094 ] }, { "date": "2024-09-13", "close": 0.790196, "volume": 60980, "typical_volume": 35699.7, "trend": 0.86013, "fair_value": 1.05484, "relative_strength": -16.286296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.266272, "energy": 42.802614, "activity_lines": [ 0.82, 0.829091, 0.838963, 0.846295 ] }, { "date": "2024-09-20", "close": 0.813725, "volume": 23970, "typical_volume": 34837.85, "trend": 0.856209, "fair_value": 1.052647, "relative_strength": -13.735422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.502955, "energy": 34.585871, "activity_lines": [ 0.816862, 0.82467, 0.835966, 0.843301 ] }, { "date": "2024-09-27", "close": 0.813725, "volume": 35955, "typical_volume": 35058.6, "trend": 0.852614, "fair_value": 1.050269, "relative_strength": -15.541351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.348112, "energy": 42.521873, "activity_lines": [ 0.813987, 0.820927, 0.833202, 0.84056 ] }, { "date": "2024-10-04", "close": 0.811764, "volume": 15152, "typical_volume": 27178.55, "trend": 0.849085, "fair_value": 1.047353, "relative_strength": -12.435692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.008589, "energy": 44.896916, "activity_lines": [ 0.811111, 0.817932, 0.830579, 0.837925 ] }, { "date": "2024-10-11", "close": 0.805882, "volume": 49458, "typical_volume": 28269.7, "trend": 0.846013, "fair_value": 1.044245, "relative_strength": -14.42492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.098116, "energy": 33.572775, "activity_lines": [ 0.809019, 0.814759, 0.827544, 0.835138 ] }, { "date": "2024-10-18", "close": 0.745098, "volume": 263805, "typical_volume": 39642.15, "trend": 0.841503, "fair_value": 1.04081, "relative_strength": -22.297393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.490239, "energy": 53.989489, "activity_lines": [ 0.788366, 0.80139, 0.818898, 0.828627 ] }, { "date": "2024-10-25", "close": 0.729411, "volume": 63263, "typical_volume": 41276.85, "trend": 0.836797, "fair_value": 1.037675, "relative_strength": -22.374478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.382108, "energy": 70.876304, "activity_lines": [ 0.76549, 0.786631, 0.80915, 0.821395 ] }, { "date": "2024-11-01", "close": 0.731372, "volume": 50004, "typical_volume": 42253.9, "trend": 0.831699, "fair_value": 1.034028, "relative_strength": -21.461437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.413347, "energy": 74.928066, "activity_lines": [ 0.748888, 0.773832, 0.800196, 0.814594 ] }, { "date": "2024-11-08", "close": 0.735294, "volume": 111958, "typical_volume": 47285.45, "trend": 0.827516, "fair_value": 1.029511, "relative_strength": -18.484803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.276802, "energy": 77.509409, "activity_lines": [ 0.739085, 0.763422, 0.792147, 0.808374 ] }, { "date": "2024-11-15", "close": 0.698039, "volume": 69674, "typical_volume": 50022.8, "trend": 0.82183, "fair_value": 1.024909, "relative_strength": -22.902502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.843412, "energy": 82.623546, "activity_lines": [ 0.72196, 0.748378, 0.781157, 0.800021 ] }, { "date": "2024-11-22", "close": 0.745098, "volume": 25790, "typical_volume": 50296.4, "trend": 0.817777, "fair_value": 1.020578, "relative_strength": -15.563069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.975345, "energy": 58.092769, "activity_lines": [ 0.727712, 0.744313, 0.775387, 0.79507 ] }, { "date": "2024-11-29", "close": 0.752941, "volume": 43457, "typical_volume": 50306.3, "trend": 0.814117, "fair_value": 1.016606, "relative_strength": -14.075206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.666308, "energy": 43.241777, "activity_lines": [ 0.736078, 0.742495, 0.770859, 0.790887 ] }, { "date": "2024-12-06", "close": 0.72549, "volume": 152975, "typical_volume": 57836.35, "trend": 0.808889, "fair_value": 1.012119, "relative_strength": -19.7231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.041157, "energy": 42.918121, "activity_lines": [ 0.733725, 0.736791, 0.764183, 0.785169 ] }, { "date": "2024-12-13", "close": 0.72549, "volume": 239098, "typical_volume": 67507.2, "trend": 0.804967, "fair_value": 1.007848, "relative_strength": -19.400866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.334046, "energy": 36.279497, "activity_lines": [ 0.731765, 0.732691, 0.758216, 0.779789 ] }, { "date": "2024-12-20", "close": 0.694117, "volume": 57030, "typical_volume": 68378.75, "trend": 0.8, "fair_value": 1.003653, "relative_strength": -19.510498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.604744, "energy": 44.836938, "activity_lines": [ 0.72, 0.724456, 0.749906, 0.772637 ] }, { "date": "2024-12-27", "close": 0.709803, "volume": 32321, "typical_volume": 67356.75, "trend": 0.796078, "fair_value": 0.999189, "relative_strength": -17.860698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.150082, "energy": 43.609748, "activity_lines": [ 0.713725, 0.721105, 0.743846, 0.766818 ] }, { "date": "2025-01-03", "close": 0.692156, "volume": 54671, "typical_volume": 68697.1, "trend": 0.790588, "fair_value": 0.994549, "relative_strength": -19.071894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.074726, "energy": 51.473637, "activity_lines": [ 0.703921, 0.715187, 0.736657, 0.760113 ] }, { "date": "2025-01-10", "close": 0.72549, "volume": 100688, "typical_volume": 73505.7, "trend": 0.786666, "fair_value": 0.990031, "relative_strength": -16.630463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.478892, "energy": 41.688521, "activity_lines": [ 0.70928, 0.716007, 0.73324, 0.755914 ] }, { "date": "2025-01-17", "close": 0.760784, "volume": 120116, "typical_volume": 79480.9, "trend": 0.783268, "fair_value": 0.985523, "relative_strength": -14.70329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.059694, "energy": 24.479891, "activity_lines": [ 0.726405, 0.723351, 0.73365, 0.754244 ] }, { "date": "2025-01-24", "close": 0.731372, "volume": 30716, "typical_volume": 80054.05, "trend": 0.779215, "fair_value": 0.980703, "relative_strength": -17.066417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.572384, "energy": 19.042387, "activity_lines": [ 0.731372, 0.724884, 0.731699, 0.750896 ] }, { "date": "2025-01-31", "close": 0.764705, "volume": 25383, "typical_volume": 78274.2, "trend": 0.776405, "fair_value": 0.975726, "relative_strength": -13.224644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.496359, "energy": 17.194434, "activity_lines": [ 0.744967, 0.731871, 0.733398, 0.74996 ] }, { "date": "2025-02-07", "close": 0.860784, "volume": 128830, "typical_volume": 83517.2, "trend": 0.776732, "fair_value": 0.971488, "relative_strength": -3.256189, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 42.834454, "energy": 39.040674, "activity_lines": [ 0.786928, 0.755971, 0.744369, 0.755403 ] }, { "date": "2025-02-14", "close": 0.82549, "volume": 117240, "typical_volume": 87581.45, "trend": 0.775098, "fair_value": 0.967673, "relative_strength": -8.937894, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.176706, "energy": 52.570607, "activity_lines": [ 0.805882, 0.771693, 0.751755, 0.758549 ] }, { "date": "2025-02-21", "close": 0.821568, "volume": 29844, "typical_volume": 88316.05, "trend": 0.77379, "fair_value": 0.964882, "relative_strength": -9.900256, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.626473, "energy": 57.496068, "activity_lines": [ 0.816862, 0.784884, 0.758711, 0.761547 ] }, { "date": "2025-02-28", "close": 0.811764, "volume": 186656, "typical_volume": 95175.95, "trend": 0.772418, "fair_value": 0.963417, "relative_strength": -11.010897, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.776544, "energy": 59.007713, "activity_lines": [ 0.820522, 0.794545, 0.764687, 0.763997 ] }, { "date": "2025-03-07", "close": 0.833333, "volume": 54955, "typical_volume": 84733.45, "trend": 0.772679, "fair_value": 0.961226, "relative_strength": -8.059226, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.519229, "energy": 46.45283, "activity_lines": [ 0.826013, 0.805989, 0.772689, 0.767927 ] }, { "date": "2025-03-14", "close": 0.807843, "volume": 31672, "typical_volume": 83153.9, "trend": 0.772353, "fair_value": 0.958502, "relative_strength": -10.60743, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.47946, "energy": 30.30366, "activity_lines": [ 0.818431, 0.810552, 0.777843, 0.770196 ] }, { "date": "2025-03-21", "close": 0.796078, "volume": 56543, "typical_volume": 83480.85, "trend": 0.771437, "fair_value": 0.955609, "relative_strength": -12.391383, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 43.707163, "energy": 28.651282, "activity_lines": [ 0.810457, 0.810873, 0.781503, 0.771726 ] }, { "date": "2025-03-28", "close": 0.774509, "volume": 76807, "typical_volume": 81723.3, "trend": 0.768823, "fair_value": 0.952208, "relative_strength": -13.751052, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 37.52622, "energy": 20.228804, "activity_lines": [ 0.797254, 0.805989, 0.782801, 0.771924 ] }, { "date": "2025-04-04", "close": 0.774509, "volume": 28777, "typical_volume": 79678.45, "trend": 0.766928, "fair_value": 0.949053, "relative_strength": -3.277441, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 31.200221, "energy": 18.531289, "activity_lines": [ 0.787189, 0.800855, 0.783912, 0.772291 ] }, { "date": "2025-04-11", "close": 0.774509, "volume": 12337, "typical_volume": 79005.8, "trend": 0.766405, "fair_value": 0.945899, "relative_strength": -1.287778, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.205836, "energy": 18.319348, "activity_lines": [ 0.779607, 0.794937, 0.784659, 0.77278 ] }, { "date": "2025-04-18", "close": 0.764705, "volume": 29291, "typical_volume": 78297.5, "trend": 0.764771, "fair_value": 0.942805, "relative_strength": -7.489032, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.93483, "energy": 15.497959, "activity_lines": [ 0.772679, 0.787058, 0.784332, 0.772671 ] }, { "date": "2025-04-25", "close": 0.794117, "volume": 12556, "typical_volume": 71276.55, "trend": 0.764117, "fair_value": 0.940209, "relative_strength": -7.135593, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.416358, "energy": 12.067578, "activity_lines": [ 0.778431, 0.786274, 0.78675, 0.774564 ] }, { "date": "2025-05-02", "close": 0.788235, "volume": 7823, "typical_volume": 59712.8, "trend": 0.763333, "fair_value": 0.937389, "relative_strength": -9.794696, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.709844, "energy": 9.31327, "activity_lines": [ 0.782352, 0.78499, 0.788281, 0.77612 ] }, { "date": "2025-05-09", "close": 0.784313, "volume": 81570, "typical_volume": 60939.8, "trend": 0.762614, "fair_value": 0.934761, "relative_strength": -12.209, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.297194, "energy": 11.572233, "activity_lines": [ 0.784052, 0.7836, 0.78914, 0.777474 ] }, { "date": "2025-05-16", "close": 0.778431, "volume": 214909, "typical_volume": 70069.2, "trend": 0.763725, "fair_value": 0.93228, "relative_strength": -15.288149, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.185085, "energy": 12.775306, "activity_lines": [ 0.783137, 0.781639, 0.78901, 0.778494 ] }, { "date": "2025-05-23", "close": 0.774509, "volume": 102541, "typical_volume": 72462.7, "trend": 0.765228, "fair_value": 0.929712, "relative_strength": -12.835518, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.395547, "energy": 9.143052, "activity_lines": [ 0.780653, 0.779964, 0.788179, 0.77919 ] }, { "date": "2025-05-30", "close": 0.778, "volume": 59424, "typical_volume": 70399.5, "trend": 0.766783, "fair_value": 0.927043, "relative_strength": -13.440522, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.202835, "energy": 6.785989, "activity_lines": [ 0.778679, 0.779529, 0.787288, 0.780014 ] }, { "date": "2025-06-06", "close": 0.778, "volume": 12782, "typical_volume": 65032.8, "trend": 0.768206, "fair_value": 0.924683, "relative_strength": -14.128926, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.698467, "energy": 6.888463, "activity_lines": [ 0.77778, 0.779423, 0.786147, 0.780738 ] }, { "date": "2025-06-13", "close": 0.774, "volume": 36974, "typical_volume": 65345.7, "trend": 0.770738, "fair_value": 0.922544, "relative_strength": -11.579815, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.983382, "energy": 6.221206, "activity_lines": [ 0.77623, 0.778526, 0.784544, 0.781111 ] }, { "date": "2025-06-20", "close": 0.766, "volume": 13088, "typical_volume": 64730.95, "trend": 0.771435, "fair_value": 0.920168, "relative_strength": -11.541097, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.654372, "energy": 6.508285, "activity_lines": [ 0.772701, 0.776184, 0.781975, 0.780806 ] }, { "date": "2025-06-27", "close": 0.76, "volume": 19367, "typical_volume": 59257.8, "trend": 0.77167, "fair_value": 0.918094, "relative_strength": -12.861161, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.78085, "energy": 18.86481, "activity_lines": [ 0.768, 0.772905, 0.778829, 0.780068 ] }, { "date": "2025-07-04", "close": 0.772, "volume": 75210, "typical_volume": 57156.3, "trend": 0.77322, "fair_value": 0.915911, "relative_strength": -10.787568, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.494215, "energy": 16.951552, "activity_lines": [ 0.768267, 0.771894, 0.777305, 0.780089 ] }, { "date": "2025-07-11", "close": 0.746, "volume": 121630, "typical_volume": 61745.6, "trend": 0.773904, "fair_value": 0.913963, "relative_strength": -14.320739, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.171461, "energy": 28.975244, "activity_lines": [ 0.760267, 0.766558, 0.773561, 0.778333 ] }, { "date": "2025-07-18", "close": 0.766, "volume": 263466, "typical_volume": 65586.1, "trend": 0.7763, "fair_value": 0.912082, "relative_strength": -12.023776, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.069771, "energy": 22.519111, "activity_lines": [ 0.761067, 0.765626, 0.77208, 0.777823 ] }, { "date": "2025-07-25", "close": 0.776, "volume": 108760, "typical_volume": 68276.35, "trend": 0.778507, "fair_value": 0.910265, "relative_strength": -11.275378, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.50316, "energy": 20.839946, "activity_lines": [ 0.765733, 0.766846, 0.77177, 0.777804 ] }, { "date": "2025-08-01", "close": 0.768, "volume": 189930, "typical_volume": 76189.25, "trend": 0.781035, "fair_value": 0.908025, "relative_strength": -9.870589, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.52422, "energy": 16.122937, "activity_lines": [ 0.767067, 0.766655, 0.770971, 0.777126 ] }, { "date": "2025-08-08", "close": 0.77, "volume": 6666, "typical_volume": 73695.4, "trend": 0.782519, "fair_value": 0.905583, "relative_strength": -12.69702, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.325711, "energy": 13.100976, "activity_lines": [ 0.768533, 0.766945, 0.770553, 0.776414 ] }, { "date": "2025-08-15", "close": 0.75, "volume": 28962, "typical_volume": 71303.15, "trend": 0.782159, "fair_value": 0.903167, "relative_strength": -16.475052, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.813942, "energy": 20.825286, "activity_lines": [ 0.763467, 0.763745, 0.768354, 0.774316 ] }, { "date": "2025-08-22", "close": 0.742, "volume": 33417, "typical_volume": 71535.15, "trend": 0.782513, "fair_value": 0.900761, "relative_strength": -18.068166, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.695518, "energy": 33.620925, "activity_lines": [ 0.755467, 0.7596, 0.765509, 0.771725 ] }, { "date": "2025-08-29", "close": 0.748, "volume": 50750, "typical_volume": 73455.8, "trend": 0.781957, "fair_value": 0.898332, "relative_strength": -14.668902, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.733947, "energy": 41.788525, "activity_lines": [ 0.751067, 0.757127, 0.763391, 0.769498 ] }, { "date": "2025-09-05", "close": 0.74, "volume": 16148, "typical_volume": 72798.65, "trend": 0.77793, "fair_value": 0.895913, "relative_strength": -13.815081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.203373, "energy": 49.720648, "activity_lines": [ 0.745867, 0.753527, 0.760637, 0.766791 ] }, { "date": "2025-09-12", "close": 0.75, "volume": 108095, "typical_volume": 77575.6, "trend": 0.775414, "fair_value": 0.894053, "relative_strength": -14.142626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.611216, "energy": 45.281797, "activity_lines": [ 0.745867, 0.752109, 0.758953, 0.76499 ] }, { "date": "2025-09-19", "close": 0.774, "volume": 477897, "typical_volume": 101079.3, "trend": 0.773829, "fair_value": 0.892253, "relative_strength": -10.375413, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.099443, "energy": 19.66618, "activity_lines": [ 0.7552, 0.755455, 0.759765, 0.764898 ] }, { "date": "2025-09-26", "close": 0.848, "volume": 255770, "typical_volume": 109789.3, "trend": 0.775036, "fair_value": 0.891392, "relative_strength": -2.248972, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 33.128874, "energy": 25.748174, "activity_lines": [ 0.7876, 0.771745, 0.767693, 0.769684 ] }, { "date": "2025-10-03", "close": 0.89, "volume": 379635, "typical_volume": 118025.6, "trend": 0.776925, "fair_value": 0.890996, "relative_strength": 1.485428, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "up", "direction": 83.076706, "energy": 77.264142, "activity_lines": [ 0.826933, 0.794182, 0.779317, 0.777101 ] }, { "date": "2025-10-10", "close": 0.886, "volume": 167223, "typical_volume": 121259.7, "trend": 0.779531, "fair_value": 0.89044, "relative_strength": 4.175589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.894497, "energy": 84.628065, "activity_lines": [ 0.855467, 0.813818, 0.790029, 0.784138 ] }, { "date": "2025-10-17", "close": 0.826, "volume": 161712, "typical_volume": 126374.1, "trend": 0.780528, "fair_value": 0.889635, "relative_strength": -2.075807, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.684732, "energy": 79.066649, "activity_lines": [ 0.854267, 0.8204, 0.794495, 0.787136 ] }, { "date": "2025-10-24", "close": 0.836, "volume": 52797, "typical_volume": 128374.85, "trend": 0.782578, "fair_value": 0.888572, "relative_strength": -2.470313, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.46745, "energy": 74.530494, "activity_lines": [ 0.851333, 0.827782, 0.799686, 0.790715 ] }, { "date": "2025-10-31", "close": 0.85, "volume": 83061, "typical_volume": 130679.2, "trend": 0.785094, "fair_value": 0.8876, "relative_strength": -2.286422, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.901438, "energy": 47.078584, "activity_lines": [ 0.848933, 0.836145, 0.805933, 0.795064 ] }, { "date": "2025-11-07", "close": 0.84, "volume": 71425, "typical_volume": 133596.05, "trend": 0.787277, "fair_value": 0.886563, "relative_strength": -2.656029, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.314945, "energy": 34.776691, "activity_lines": [ 0.843067, 0.840727, 0.810867, 0.798607 ] }, { "date": "2025-11-14", "close": 0.838, "volume": 103273, "typical_volume": 137791.35, "trend": 0.78972, "fair_value": 0.885606, "relative_strength": -5.141027, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.522798, "energy": 28.737703, "activity_lines": [ 0.839867, 0.843273, 0.815257, 0.801879 ] }, { "date": "2025-11-21", "close": 0.814, "volume": 66509, "typical_volume": 137356.3, "trend": 0.790383, "fair_value": 0.884526, "relative_strength": -4.689826, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.619775, "energy": 22.392295, "activity_lines": [ 0.831867, 0.839673, 0.81699, 0.803446 ] }, { "date": "2025-11-28", "close": 0.808, "volume": 31183, "typical_volume": 132833.95, "trend": 0.791042, "fair_value": 0.883501, "relative_strength": -6.559086, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.159361, "energy": 17.242998, "activity_lines": [ 0.822667, 0.833818, 0.817952, 0.804582 ] }, { "date": "2025-12-05", "close": 0.824, "volume": 106723, "typical_volume": 124996.8, "trend": 0.792365, "fair_value": 0.882145, "relative_strength": -4.700401, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.986089, "energy": 16.341461, "activity_lines": [ 0.820667, 0.830255, 0.820143, 0.806708 ] }, { "date": "2025-12-12", "close": 0.844, "volume": 35809, "typical_volume": 121349.25, "trend": 0.79455, "fair_value": 0.881165, "relative_strength": -2.437234, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.42069, "energy": 16.749961, "activity_lines": [ 0.827067, 0.830764, 0.823962, 0.81004 ] }, { "date": "2025-12-19", "close": 0.852, "volume": 26766, "typical_volume": 113191.05, "trend": 0.797133, "fair_value": 0.880298, "relative_strength": -4.108741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.233556, "energy": 23.250491, "activity_lines": [ 0.835867, 0.833564, 0.828219, 0.813746 ] }, { "date": "2025-12-26", "close": 0.894, "volume": 35439, "typical_volume": 114629.7, "trend": 0.801, "fair_value": 0.879731, "relative_strength": 1.030978, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.072577, "energy": 45.146794, "activity_lines": [ 0.857733, 0.844618, 0.836076, 0.819996 ] }, { "date": "2026-01-02", "close": 0.91, "volume": 121820, "typical_volume": 119272.6, "trend": 0.8054, "fair_value": 0.878865, "relative_strength": 1.122871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.963561, "energy": 62.687874, "activity_lines": [ 0.8796, 0.857345, 0.844867, 0.827028 ] }, { "date": "2026-01-09", "close": 0.92, "volume": 91989, "typical_volume": 122201.2, "trend": 0.810267, "fair_value": 0.878218, "relative_strength": 1.516998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.984034, "energy": 70.186613, "activity_lines": [ 0.898, 0.870545, 0.853848, 0.834422 ] }, { "date": "2026-01-16", "close": 0.934, "volume": 176858, "typical_volume": 128506.6, "trend": 0.815867, "fair_value": 0.877753, "relative_strength": 2.937845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.687268, "energy": 75.650962, "activity_lines": [ 0.914667, 0.885018, 0.863314, 0.842404 ] }, { "date": "2026-01-23", "close": 0.94, "volume": 111021, "typical_volume": 133250.25, "trend": 0.821867, "fair_value": 0.877172, "relative_strength": 5.757558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.847172, "energy": 72.947823, "activity_lines": [ 0.927333, 0.898873, 0.872467, 0.850413 ] }, { "date": "2026-01-30", "close": 0.898, "volume": 75689, "typical_volume": 131629.95, "trend": 0.826067, "fair_value": 0.875952, "relative_strength": -0.390067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.306301, "energy": 56.929077, "activity_lines": [ 0.920133, 0.903236, 0.876667, 0.855325 ] }, { "date": "2026-02-06", "close": 0.88, "volume": 40688, "typical_volume": 109769.5, "trend": 0.830533, "fair_value": 0.87372, "relative_strength": -2.749127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.114363, "energy": 38.160913, "activity_lines": [ 0.906667, 0.9028, 0.878448, 0.858804 ] }, { "date": "2026-02-13", "close": 0.88, "volume": 20371, "typical_volume": 97999.55, "trend": 0.834333, "fair_value": 0.871582, "relative_strength": -1.567342, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.718219, "energy": 24.526966, "activity_lines": [ 0.8952, 0.901055, 0.879724, 0.861996 ] }, { "date": "2026-02-20", "close": 0.87, "volume": 35286, "typical_volume": 80782.1, "trend": 0.837467, "fair_value": 0.869564, "relative_strength": -4.619638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.397942, "energy": 20.038468, "activity_lines": [ 0.883067, 0.896473, 0.879895, 0.864297 ] }, { "date": "2026-02-27", "close": 0.86, "volume": 50963, "typical_volume": 74969.1, "trend": 0.840533, "fair_value": 0.86776, "relative_strength": -6.934002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.066776, "energy": 18.578135, "activity_lines": [ 0.871867, 0.8896, 0.87921, 0.865751 ] }, { "date": "2026-03-06", "close": 0.832, "volume": 31621, "typical_volume": 68464.55, "trend": 0.8426, "fair_value": 0.86587, "relative_strength": -3.467397, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.00998, "energy": 15.255268, "activity_lines": [ 0.856667, 0.877491, 0.875981, 0.8652 ] }, { "date": "2026-03-13", "close": 0.82, "volume": 69729, "typical_volume": 69311.15, "trend": 0.844933, "fair_value": 0.864643, "relative_strength": -4.98968, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.358253, "energy": 23.566874, "activity_lines": [ 0.841867, 0.864327, 0.871581, 0.863742 ] }, { "date": "2026-03-20", "close": 0.812, "volume": 84153, "typical_volume": 69365.75, "trend": 0.847267, "fair_value": 0.863118, "relative_strength": -2.536605, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.794848, "energy": 30.188653, "activity_lines": [ 0.8284, 0.851345, 0.866495, 0.861617 ] }, { "date": "2026-03-27", "close": 0.806, "volume": 4851, "typical_volume": 66037.05, "trend": 0.8492, "fair_value": 0.861432, "relative_strength": -4.322969, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.590056, "energy": 41.862283, "activity_lines": [ 0.817467, 0.839236, 0.861019, 0.858955 ] }, { "date": "2026-04-03", "close": 0.81, "volume": 22359, "typical_volume": 61991.35, "trend": 0.851533, "fair_value": 0.859956, "relative_strength": -8.163155, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.390533, "energy": 48.51775, "activity_lines": [ 0.812133, 0.830182, 0.856086, 0.856426 ] }, { "date": "2026-04-10", "close": 0.804, "volume": 103050, "typical_volume": 63818.4, "trend": 0.853333, "fair_value": 0.858565, "relative_strength": -12.128766, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.483035, "energy": 46.598024, "activity_lines": [ 0.808133, 0.8224, 0.850714, 0.853359 ] }, { "date": "2026-04-17", "close": 0.792, "volume": 89507, "typical_volume": 66734.6, "trend": 0.853933, "fair_value": 0.85685, "relative_strength": -15.244027, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.469311, "energy": 55.244422, "activity_lines": [ 0.802, 0.814145, 0.844248, 0.849402 ] }, { "date": "2026-04-24", "close": 0.778, "volume": 85172, "typical_volume": 65657.05, "trend": 0.8516, "fair_value": 0.855292, "relative_strength": -14.197001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.77462, "energy": 58.188678, "activity_lines": [ 0.793067, 0.804945, 0.836524, 0.844503 ] }, { "date": "2026-05-01", "close": 0.786, "volume": 41201, "typical_volume": 65926.65, "trend": 0.848133, "fair_value": 0.853848, "relative_strength": -14.003286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.179978, "energy": 54.810485, "activity_lines": [ 0.789067, 0.799055, 0.829781, 0.840271 ] }, { "date": "2026-05-08", "close": 0.77, "volume": 149151, "typical_volume": 72045.9, "trend": 0.844267, "fair_value": 0.852393, "relative_strength": -17.176749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.587275, "energy": 57.713077, "activity_lines": [ 0.781067, 0.791782, 0.82179, 0.83523 ] }, { "date": "2026-05-15", "close": 0.77, "volume": 45102, "typical_volume": 72529.05, "trend": 0.8424, "fair_value": 0.850877, "relative_strength": -16.588268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.244591, "energy": 56.801281, "activity_lines": [ 0.775733, 0.786145, 0.81419, 0.830439 ] }, { "date": "2026-05-22", "close": 0.782, "volume": 12988, "typical_volume": 67087.45, "trend": 0.8406, "fair_value": 0.849322, "relative_strength": -15.633926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.240703, "energy": 42.57274, "activity_lines": [ 0.776667, 0.783818, 0.808324, 0.826542 ] }, { "date": "2026-05-29", "close": 0.768, "volume": 65697, "typical_volume": 65772.85, "trend": 0.837867, "fair_value": 0.847647, "relative_strength": -17.672039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.574684, "energy": 42.334428, "activity_lines": [ 0.7736, 0.779636, 0.801733, 0.821858 ] }, { "date": "2026-06-05", "close": 0.776, "volume": 0, "typical_volume": 56929.95, "trend": 0.835733, "fair_value": 0.846022, "relative_strength": -16.262695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.915179, "energy": 39.817168, "activity_lines": [ 0.773867, 0.777709, 0.796629, 0.817867 ] }, { "date": "2026-06-12", "close": 0.758, "volume": 18702, "typical_volume": 52314.0, "trend": 0.833067, "fair_value": 0.844314, "relative_strength": -20.348172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.804191, "energy": 43.097353, "activity_lines": [ 0.7688, 0.773055, 0.790562, 0.812852 ] }, { "date": "2026-06-19", "close": 0.79, "volume": 55674, "typical_volume": 51313.25, "trend": 0.832267, "fair_value": 0.842874, "relative_strength": -18.722121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.646338, "energy": 32.511897, "activity_lines": [ 0.7752, 0.775164, 0.78841, 0.810073 ] }, { "date": "2026-06-26", "close": 0.774, "volume": 27189, "typical_volume": 50638.3, "trend": 0.831133, "fair_value": 0.841488, "relative_strength": -17.560785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.263946, "energy": 29.359298, "activity_lines": [ 0.774933, 0.774618, 0.785248, 0.806314 ] }, { "date": "2026-07-03", "close": 0.786, "volume": 5790, "typical_volume": 49909.25, "trend": 0.829867, "fair_value": 0.840147, "relative_strength": -18.351074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.106747, "energy": 24.938741, "activity_lines": [ 0.7792, 0.776582, 0.783733, 0.803402 ] }, { "date": "2026-07-10", "close": 0.818, "volume": 54737, "typical_volume": 50881.8, "trend": 0.829, "fair_value": 0.838981, "relative_strength": -14.418955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.591402, "energy": 15.12003, "activity_lines": [ 0.792933, 0.784218, 0.785714, 0.802637 ] }, { "date": "2026-07-17", "close": 0.856, "volume": 75409, "typical_volume": 52104.1, "trend": 0.829133, "fair_value": 0.838026, "relative_strength": -8.938498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.914122, "energy": 21.059045, "activity_lines": [ 0.816533, 0.798182, 0.791562, 0.804378 ] }, { "date": "2026-07-24", "close": 0.81, "volume": 52761, "typical_volume": 53161.1, "trend": 0.826333, "fair_value": 0.836682, "relative_strength": -13.384719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.152354, "energy": 20.418108, "activity_lines": [ 0.818267, 0.802218, 0.793048, 0.803144 ] }, { "date": "2026-07-31", "close": 0.818, "volume": 34528, "typical_volume": 51401.05, "trend": 0.823267, "fair_value": 0.835516, "relative_strength": -12.821695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.788757, "energy": 20.72742, "activity_lines": [ 0.821333, 0.806982, 0.7954, 0.802606 ] }, { "date": "2026-08-07", "close": 0.82, "volume": 107470, "typical_volume": 52566.9, "trend": 0.819933, "fair_value": 0.834362, "relative_strength": -14.825939, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.553529, "energy": 24.754662, "activity_lines": [ 0.822133, 0.811455, 0.797952, 0.802396 ] } ], "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." } } }