{ "ticker": { "uuid": "1b65a01b-8c0a-4764-aeac-157cdff36233", "symbol": "VHP", "name": "Vital Healthcare Property Trust", "exchange": "NZE", "country": "NZ", "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": "^NZ50", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 63.048, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 30.414, "architecture_energy": 17.019, "architecture_maturity": 18.253, "architecture_confidence": 80.803, "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": 62.29, "rotation_up": 22.63, "upward_expansion": 51.29, "deceleration": 90.87, "rotation_down": 26.71, "downward_expansion": 17.29 }, "activity_lines": [ 1.899, 1.908545, 1.893665, 1.885405 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 1.9, "trend_reference": 1.885009, "distance_from_trend": 0.007953, "trend_direction": "Weakening", "fair_value": 1.844792, "distance_from_fair_value": 0.029926, "fair_value_direction": "Improving", "relative_strength": -5.380046, "relative_strength_direction": "Weakening", "price_momentum": -9.3e-05, "excess_performance": -0.028367, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007953, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.002952, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.029926, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.042905, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.0538, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002014, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -9.3e-05, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.233604, "read": "Demand-led" } ], "volume": { "latest": 2268687, "relative_activity": 0.94413, "balance": 2.233604, "dry_up": 1.011838, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.029, "annualized_volatility": 0.137131, "from_high_reference": -0.167193, "from_low_reference": 0.10029 }, "levels": { "trend_reference": 1.885009, "fair_value_reference": 1.844792, "structural_low": 1.726817, "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": 18, "median_return": -0.024499, "positive_rate": 0.277778, "directional_follow_through": 0.277778, "median_excess_return": -0.015785, "regime_survival": 0.333333, "best_return": 0.081301, "worst_return": -0.106977, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.027467, "positive_rate": 0.3, "directional_follow_through": 0.3, "median_excess_return": -0.024296, "regime_survival": 0.4, "best_return": 0.051338, "worst_return": -0.144816, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.016657, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.025978, "regime_survival": 0.285714, "best_return": 0.125701, "worst_return": -0.232228, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.081803, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.006688, "regime_survival": 0.25, "best_return": 0.130701, "worst_return": -0.114489, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": -0.034947, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-20", "end": "2025-01-17", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": 0.021979, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": -0.071454, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.073446, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": 0.079786, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2025-11-07", "tenure": "Established", "return": 0.148946, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": -0.025906, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": -0.02463, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-02-13", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-05-29", "tenure": "Established", "return": 0.002293, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-19", "tenure": "New", "return": 0.037037, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": -0.030769, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.005236, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.989638, "volume": 1473162, "typical_volume": 1285013.7, "trend": 1.997464, "fair_value": 2.291839, "relative_strength": -0.773927, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.257542, "energy": 15.201334, "activity_lines": [ 2.01318, 2.023855, 2.011266, 2.000894 ] }, { "date": "2023-08-25", "close": 1.929346, "volume": 724119, "typical_volume": 1293009.85, "trend": 1.994298, "fair_value": 2.289723, "relative_strength": -2.275322, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.986886, "energy": 21.769735, "activity_lines": [ 1.981025, 2.006238, 2.004653, 1.996499 ] }, { "date": "2023-09-01", "close": 1.929346, "volume": 1352404, "typical_volume": 1335579.2, "trend": 1.988602, "fair_value": 2.287013, "relative_strength": -2.524344, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.354799, "energy": 29.947805, "activity_lines": [ 1.958056, 1.990577, 1.998268, 1.992309 ] }, { "date": "2023-09-08", "close": 1.833475, "volume": 2685634, "typical_volume": 1373707.1, "trend": 1.981397, "fair_value": 2.283828, "relative_strength": -5.497582, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -46.716106, "energy": 61.852005, "activity_lines": [ 1.91117, 1.958739, 1.983022, 1.982301 ] }, { "date": "2023-09-15", "close": 1.768149, "volume": 8268586, "typical_volume": 1724129.3, "trend": 1.971874, "fair_value": 2.280375, "relative_strength": -8.461359, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -88.953811, "energy": 88.105299, "activity_lines": [ 1.854068, 1.918332, 1.962036, 1.968543 ] }, { "date": "2023-09-22", "close": 1.85525, "volume": 2080905, "typical_volume": 1793392.75, "trend": 1.967504, "fair_value": 2.277729, "relative_strength": -3.841291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.887739, "energy": 78.988675, "activity_lines": [ 1.842487, 1.898415, 1.950382, 1.961018 ] }, { "date": "2023-09-29", "close": 1.84654, "volume": 1194644, "typical_volume": 1819239.1, "trend": 1.962843, "fair_value": 2.274653, "relative_strength": -3.33102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.194213, "energy": 76.226525, "activity_lines": [ 1.836963, 1.880611, 1.938521, 1.953214 ] }, { "date": "2023-10-06", "close": 1.863961, "volume": 1963124, "typical_volume": 1876662.45, "trend": 1.959632, "fair_value": 2.272064, "relative_strength": -2.117862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.104024, "energy": 62.017053, "activity_lines": [ 1.842766, 1.869986, 1.928821, 1.946835 ] }, { "date": "2023-10-13", "close": 1.82912, "volume": 1797530, "typical_volume": 1934106.8, "trend": 1.955686, "fair_value": 2.269101, "relative_strength": -3.558408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.116208, "energy": 45.8115, "activity_lines": [ 1.841314, 1.856407, 1.916301, 1.938415 ] }, { "date": "2023-10-20", "close": 1.789925, "volume": 1195284, "typical_volume": 1899524.15, "trend": 1.953842, "fair_value": 2.265812, "relative_strength": -3.111962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.38655, "energy": 50.339139, "activity_lines": [ 1.827088, 1.838933, 1.900795, 1.92772 ] }, { "date": "2023-10-27", "close": 1.750729, "volume": 712475, "typical_volume": 1859318.95, "trend": 1.94572, "fair_value": 2.262497, "relative_strength": -3.090684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.142597, "energy": 55.222694, "activity_lines": [ 1.798344, 1.818434, 1.882306, 1.914616 ] }, { "date": "2023-11-03", "close": 1.768149, "volume": 2884853, "typical_volume": 1914598.2, "trend": 1.938746, "fair_value": 2.259193, "relative_strength": -4.982948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.98481, "energy": 63.835187, "activity_lines": [ 1.782376, 1.805445, 1.866614, 1.90316 ] }, { "date": "2023-11-10", "close": 1.768149, "volume": 2055928, "typical_volume": 1952165.65, "trend": 1.931489, "fair_value": 2.25544, "relative_strength": -4.965739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.714848, "energy": 63.130986, "activity_lines": [ 1.771633, 1.795388, 1.852203, 1.892154 ] }, { "date": "2023-11-17", "close": 1.78557, "volume": 1877980, "typical_volume": 1967836.2, "trend": 1.926517, "fair_value": 2.252123, "relative_strength": -4.176314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.267637, "energy": 49.968274, "activity_lines": [ 1.773085, 1.791429, 1.840546, 1.88274 ] }, { "date": "2023-11-24", "close": 1.84654, "volume": 1179318, "typical_volume": 1920572.4, "trend": 1.921873, "fair_value": 2.249072, "relative_strength": -1.128787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.981669, "energy": 37.516467, "activity_lines": [ 1.797764, 1.799426, 1.835791, 1.87758 ] }, { "date": "2023-12-01", "close": 1.85113, "volume": 1303180, "typical_volume": 1930208.5, "trend": 1.917381, "fair_value": 2.245966, "relative_strength": -2.162002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.990973, "energy": 23.682958, "activity_lines": [ 1.820198, 1.806833, 1.832318, 1.873016 ] }, { "date": "2023-12-08", "close": 1.820278, "volume": 824112, "typical_volume": 1855951.25, "trend": 1.912998, "fair_value": 2.242385, "relative_strength": -4.718367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.424168, "energy": 20.848645, "activity_lines": [ 1.825655, 1.808705, 1.826895, 1.866751 ] }, { "date": "2023-12-15", "close": 1.930465, "volume": 2088827, "typical_volume": 1902785.0, "trend": 1.911719, "fair_value": 2.238429, "relative_strength": 0.631809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.056343, "energy": 16.4361, "activity_lines": [ 1.864365, 1.831089, 1.833141, 1.867878 ] }, { "date": "2023-12-22", "close": 1.912835, "volume": 744147, "typical_volume": 1873049.2, "trend": 1.909285, "fair_value": 2.234107, "relative_strength": -0.933893, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.928434, "energy": 19.455337, "activity_lines": [ 1.886378, 1.849058, 1.838277, 1.86795 ] }, { "date": "2023-12-29", "close": 1.948094, "volume": 354629, "typical_volume": 1838042.05, "trend": 1.909304, "fair_value": 2.230113, "relative_strength": -0.275193, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.286423, "energy": 39.302029, "activity_lines": [ 1.911659, 1.871916, 1.847219, 1.870454 ] }, { "date": "2024-01-05", "close": 1.934872, "volume": 216459, "typical_volume": 1775206.9, "trend": 1.907479, "fair_value": 2.225933, "relative_strength": -0.724785, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.005927, "energy": 47.416864, "activity_lines": [ 1.925763, 1.889493, 1.855223, 1.872103 ] }, { "date": "2024-01-12", "close": 1.92165, "volume": 387638, "typical_volume": 1758382.85, "trend": 1.903633, "fair_value": 2.221769, "relative_strength": -2.282493, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.854386, "energy": 47.83165, "activity_lines": [ 1.929877, 1.901319, 1.862228, 1.873018 ] }, { "date": "2024-01-19", "close": 1.912835, "volume": 2544959, "typical_volume": 1818010.6, "trend": 1.900786, "fair_value": 2.217473, "relative_strength": -1.078106, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.250358, "energy": 33.23377, "activity_lines": [ 1.924294, 1.908751, 1.86843, 1.873611 ] }, { "date": "2024-01-26", "close": 1.92165, "volume": 3198507, "typical_volume": 1843654.25, "trend": 1.897659, "fair_value": 2.213284, "relative_strength": -2.298802, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.87782, "energy": 24.722361, "activity_lines": [ 1.922825, 1.915155, 1.875551, 1.874957 ] }, { "date": "2024-02-02", "close": 1.930465, "volume": 817589, "typical_volume": 1471104.4, "trend": 1.894538, "fair_value": 2.209353, "relative_strength": -2.19495, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.035707, "energy": 22.694975, "activity_lines": [ 1.923707, 1.920688, 1.883091, 1.877074 ] }, { "date": "2024-02-09", "close": 1.92165, "volume": 752804, "typical_volume": 1404699.35, "trend": 1.889975, "fair_value": 2.205516, "relative_strength": -2.009339, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.882278, "energy": 15.662689, "activity_lines": [ 1.922825, 1.923092, 1.889018, 1.878823 ] }, { "date": "2024-02-16", "close": 1.912835, "volume": 880313, "typical_volume": 1388982.8, "trend": 1.884831, "fair_value": 2.202226, "relative_strength": -1.238313, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.310009, "energy": 13.747244, "activity_lines": [ 1.919887, 1.922612, 1.89379, 1.880298 ] }, { "date": "2024-02-23", "close": 1.92165, "volume": 1083911, "typical_volume": 1345022.15, "trend": 1.880555, "fair_value": 2.199094, "relative_strength": -0.710509, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.343409, "energy": 21.919755, "activity_lines": [ 1.920475, 1.922051, 1.899086, 1.882673 ] }, { "date": "2024-03-01", "close": 1.855538, "volume": 712696, "typical_volume": 1290780.45, "trend": 1.87551, "fair_value": 2.19579, "relative_strength": -4.222544, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.182973, "energy": 12.913491, "activity_lines": [ 1.898437, 1.90963, 1.89781, 1.881059 ] }, { "date": "2024-03-08", "close": 1.900281, "volume": 1362779, "typical_volume": 1299155.2, "trend": 1.871671, "fair_value": 2.193011, "relative_strength": -3.300419, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.894262, "energy": 15.499469, "activity_lines": [ 1.895722, 1.906385, 1.900671, 1.882658 ] }, { "date": "2024-03-15", "close": 1.962731, "volume": 2616284, "typical_volume": 1394345.65, "trend": 1.870774, "fair_value": 2.190937, "relative_strength": 1.199493, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.323504, "energy": 24.012171, "activity_lines": [ 1.915835, 1.915365, 1.908953, 1.888532 ] }, { "date": "2024-03-22", "close": 1.944888, "volume": 1297593, "typical_volume": 1314982.65, "trend": 1.871292, "fair_value": 2.188597, "relative_strength": -1.527034, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.94983, "energy": 25.150987, "activity_lines": [ 1.927262, 1.920594, 1.914526, 1.893314 ] }, { "date": "2024-03-29", "close": 1.989496, "volume": 1180009, "typical_volume": 1271186.7, "trend": 1.873297, "fair_value": 2.186543, "relative_strength": -0.282208, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.120296, "energy": 50.851839, "activity_lines": [ 1.951422, 1.933511, 1.923506, 1.90094 ] }, { "date": "2024-04-05", "close": 1.935967, "volume": 867898, "typical_volume": 1220682.6, "trend": 1.876713, "fair_value": 2.184145, "relative_strength": -2.151704, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.103663, "energy": 48.249616, "activity_lines": [ 1.953215, 1.935302, 1.926334, 1.904983 ] }, { "date": "2024-04-12", "close": 1.940428, "volume": 908491, "typical_volume": 1207141.25, "trend": 1.882456, "fair_value": 2.181574, "relative_strength": -1.208951, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.840959, "energy": 41.541171, "activity_lines": [ 1.951134, 1.937643, 1.928871, 1.909094 ] }, { "date": "2024-04-19", "close": 1.944888, "volume": 455407, "typical_volume": 1164752.6, "trend": 1.885444, "fair_value": 2.179284, "relative_strength": 0.121055, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.176045, "energy": 29.756411, "activity_lines": [ 1.947862, 1.940614, 1.931385, 1.913122 ] }, { "date": "2024-04-26", "close": 1.900281, "volume": 1410012, "typical_volume": 1194047.6, "trend": 1.887235, "fair_value": 2.176556, "relative_strength": -2.200378, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.472463, "energy": 11.92905, "activity_lines": [ 1.930911, 1.935053, 1.929205, 1.914079 ] }, { "date": "2024-05-03", "close": 1.918124, "volume": 1032763, "typical_volume": 1141244.4, "trend": 1.88904, "fair_value": 2.173968, "relative_strength": -2.309181, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.448597, "energy": 13.759078, "activity_lines": [ 1.922882, 1.932964, 1.928343, 1.916072 ] }, { "date": "2024-05-10", "close": 1.802144, "volume": 1223481, "typical_volume": 1165211.1, "trend": 1.888141, "fair_value": 2.170383, "relative_strength": -6.676908, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.604734, "energy": 25.953067, "activity_lines": [ 1.880951, 1.909851, 1.916494, 1.910466 ] }, { "date": "2024-05-17", "close": 1.766458, "volume": 1017226, "typical_volume": 1198340.95, "trend": 1.887359, "fair_value": 2.166646, "relative_strength": -7.965476, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -49.605769, "energy": 56.901624, "activity_lines": [ 1.836046, 1.881221, 1.901773, 1.902615 ] }, { "date": "2024-05-24", "close": 1.766458, "volume": 691318, "typical_volume": 1222083.9, "trend": 1.887883, "fair_value": 2.162908, "relative_strength": -8.425678, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.76257, "energy": 67.100761, "activity_lines": [ 1.802739, 1.855024, 1.887918, 1.894815 ] }, { "date": "2024-05-31", "close": 1.712929, "volume": 1089075, "typical_volume": 1257155.75, "trend": 1.886043, "fair_value": 2.158346, "relative_strength": -11.62519, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.787562, "energy": 86.110911, "activity_lines": [ 1.763484, 1.822664, 1.869766, 1.883528 ] }, { "date": "2024-06-07", "close": 1.681316, "volume": 2924449, "typical_volume": 1276130.25, "trend": 1.883148, "fair_value": 2.15344, "relative_strength": -12.886487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.424064, "energy": 91.552942, "activity_lines": [ 1.726182, 1.788772, 1.849598, 1.87032 ] }, { "date": "2024-06-14", "close": 1.76267, "volume": 2111514, "typical_volume": 1221780.6, "trend": 1.882385, "fair_value": 2.149056, "relative_strength": -8.475226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.480094, "energy": 81.30904, "activity_lines": [ 1.731785, 1.775276, 1.83828, 1.862547 ] }, { "date": "2024-06-21", "close": 1.663237, "volume": 1848354, "typical_volume": 1273318.85, "trend": 1.876275, "fair_value": 2.144137, "relative_strength": -11.998447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.823162, "energy": 84.426664, "activity_lines": [ 1.706875, 1.746852, 1.818249, 1.848408 ] }, { "date": "2024-06-28", "close": 1.627079, "volume": 1008371, "typical_volume": 1286097.2, "trend": 1.868806, "fair_value": 2.137708, "relative_strength": -13.859013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.032784, "energy": 85.511401, "activity_lines": [ 1.676794, 1.716894, 1.796047, 1.832331 ] }, { "date": "2024-07-05", "close": 1.61804, "volume": 1842104, "typical_volume": 1334186.75, "trend": 1.862065, "fair_value": 2.131196, "relative_strength": -14.575764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.159088, "energy": 75.027386, "activity_lines": [ 1.652992, 1.69107, 1.774387, 1.816153 ] }, { "date": "2024-07-12", "close": 1.672276, "volume": 1943581, "typical_volume": 1377170.25, "trend": 1.853459, "fair_value": 2.125415, "relative_strength": -13.84108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.285184, "energy": 71.620413, "activity_lines": [ 1.653595, 1.680239, 1.759296, 1.803908 ] }, { "date": "2024-07-19", "close": 1.744591, "volume": 4183475, "typical_volume": 1550709.2, "trend": 1.847851, "fair_value": 2.120405, "relative_strength": -11.168147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.101102, "energy": 52.4853, "activity_lines": [ 1.678905, 1.687027, 1.75228, 1.796884 ] }, { "date": "2024-07-26", "close": 1.75363, "volume": 3152928, "typical_volume": 1640216.65, "trend": 1.841369, "fair_value": 2.115452, "relative_strength": -10.561089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.302894, "energy": 35.396775, "activity_lines": [ 1.708433, 1.696504, 1.746653, 1.790806 ] }, { "date": "2024-08-02", "close": 1.771709, "volume": 5303412, "typical_volume": 1774573.05, "trend": 1.83593, "fair_value": 2.110819, "relative_strength": -10.110038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.331078, "energy": 26.541989, "activity_lines": [ 1.737962, 1.709501, 1.743446, 1.786312 ] }, { "date": "2024-08-09", "close": 1.726512, "volume": 2484040, "typical_volume": 1833895.4, "trend": 1.829425, "fair_value": 2.10513, "relative_strength": -10.585841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.522911, "energy": 27.430985, "activity_lines": [ 1.742783, 1.714186, 1.736844, 1.779252 ] }, { "date": "2024-08-16", "close": 1.794307, "volume": 3143834, "typical_volume": 1932086.65, "trend": 1.825474, "fair_value": 2.099774, "relative_strength": -10.278247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.026822, "energy": 21.252826, "activity_lines": [ 1.762971, 1.73095, 1.737739, 1.776987 ] }, { "date": "2024-08-23", "close": 1.844024, "volume": 1576659, "typical_volume": 1967524.7, "trend": 1.822887, "fair_value": 2.094864, "relative_strength": -6.094711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.753254, "energy": 20.584861, "activity_lines": [ 1.791595, 1.754698, 1.744298, 1.778183 ] }, { "date": "2024-08-30", "close": 1.844024, "volume": 5385409, "typical_volume": 2191370.6, "trend": 1.820005, "fair_value": 2.090439, "relative_strength": -5.250426, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.795735, "energy": 22.588305, "activity_lines": [ 1.813591, 1.776968, 1.751295, 1.779547 ] }, { "date": "2024-09-06", "close": 1.770691, "volume": 11035756, "typical_volume": 2720388.05, "trend": 1.814973, "fair_value": 2.085892, "relative_strength": -9.993371, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.852401, "energy": 18.803089, "activity_lines": [ 1.805117, 1.782618, 1.751767, 1.776365 ] }, { "date": "2024-09-13", "close": 1.788993, "volume": 4451422, "typical_volume": 2872458.55, "trend": 1.810845, "fair_value": 2.081616, "relative_strength": -10.419872, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.197372, "energy": 16.79968, "activity_lines": [ 1.80281, 1.788984, 1.754812, 1.774689 ] }, { "date": "2024-09-20", "close": 1.729512, "volume": 49937465, "typical_volume": 5317693.65, "trend": 1.804441, "fair_value": 2.076754, "relative_strength": -10.670314, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.994, "energy": 14.044344, "activity_lines": [ 1.776512, 1.781427, 1.752722, 1.769442 ] }, { "date": "2024-09-27", "close": 1.688333, "volume": 5459571, "typical_volume": 5529498.15, "trend": 1.798867, "fair_value": 2.071781, "relative_strength": -12.346106, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.421022, "energy": 29.426844, "activity_lines": [ 1.740807, 1.765342, 1.747608, 1.761951 ] }, { "date": "2024-10-04", "close": 1.71121, "volume": 3389156, "typical_volume": 5648094.65, "trend": 1.792565, "fair_value": 2.067084, "relative_strength": -11.979106, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.041449, "energy": 30.7691, "activity_lines": [ 1.723106, 1.754439, 1.745214, 1.756296 ] }, { "date": "2024-10-11", "close": 1.81187, "volume": 2124721, "typical_volume": 5719764.8, "trend": 1.787536, "fair_value": 2.063572, "relative_strength": -8.194637, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.366588, "energy": 17.647073, "activity_lines": [ 1.747814, 1.76261, 1.752671, 1.757541 ] }, { "date": "2024-10-18", "close": 1.766116, "volume": 2346382, "typical_volume": 5782630.15, "trend": 1.781577, "fair_value": 2.059819, "relative_strength": -10.0788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.816168, "energy": 15.56548, "activity_lines": [ 1.754525, 1.761731, 1.755554, 1.756159 ] }, { "date": "2024-10-25", "close": 1.825596, "volume": 2878733, "typical_volume": 5780344.35, "trend": 1.776114, "fair_value": 2.056447, "relative_strength": -6.438928, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.034207, "energy": 16.713855, "activity_lines": [ 1.782587, 1.770947, 1.763848, 1.758999 ] }, { "date": "2024-11-01", "close": 1.802719, "volume": 1604085, "typical_volume": 5754972.9, "trend": 1.771672, "fair_value": 2.052825, "relative_strength": -5.865943, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.298453, "energy": 21.348959, "activity_lines": [ 1.796618, 1.775435, 1.769276, 1.760716 ] }, { "date": "2024-11-08", "close": 1.807294, "volume": 2245109, "typical_volume": 5774810.65, "trend": 1.767234, "fair_value": 2.049207, "relative_strength": -6.985028, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.361053, "energy": 33.567451, "activity_lines": [ 1.804549, 1.781506, 1.77495, 1.763014 ] }, { "date": "2024-11-15", "close": 1.798144, "volume": 2540568, "typical_volume": 5851420.5, "trend": 1.762343, "fair_value": 2.045658, "relative_strength": -6.620094, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.46157, "energy": 46.555051, "activity_lines": [ 1.803024, 1.78658, 1.779065, 1.765008 ] }, { "date": "2024-11-22", "close": 1.720361, "volume": 1479792, "typical_volume": 5833304.9, "trend": 1.756346, "fair_value": 2.041792, "relative_strength": -12.742646, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.348297, "energy": 10.501391, "activity_lines": [ 1.776486, 1.777013, 1.774959, 1.7623 ] }, { "date": "2024-11-29", "close": 1.723946, "volume": 2911920, "typical_volume": 5881721.85, "trend": 1.749873, "fair_value": 2.037901, "relative_strength": -12.383703, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.798261, "energy": 9.02571, "activity_lines": [ 1.754194, 1.769346, 1.770707, 1.760209 ] }, { "date": "2024-12-06", "close": 1.710043, "volume": 2304248, "typical_volume": 5787760.5, "trend": 1.746803, "fair_value": 2.033066, "relative_strength": -11.062146, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.756899, "energy": 20.49978, "activity_lines": [ 1.734044, 1.759252, 1.764884, 1.75764 ] }, { "date": "2024-12-13", "close": 1.6637, "volume": 2313662, "typical_volume": 5745797.2, "trend": 1.743378, "fair_value": 2.027336, "relative_strength": -12.686556, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.213453, "energy": 40.552055, "activity_lines": [ 1.704625, 1.740338, 1.754813, 1.752278 ] }, { "date": "2024-12-20", "close": 1.705409, "volume": 2376003, "typical_volume": 5599426.75, "trend": 1.741343, "fair_value": 2.022082, "relative_strength": -11.168176, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.063882, "energy": 46.912323, "activity_lines": [ 1.698682, 1.729871, 1.749141, 1.749829 ] }, { "date": "2024-12-27", "close": 1.659066, "volume": 907607, "typical_volume": 5520605.1, "trend": 1.739547, "fair_value": 2.016375, "relative_strength": -15.114414, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.64907, "energy": 55.228115, "activity_lines": [ 1.683473, 1.712913, 1.739372, 1.74452 ] }, { "date": "2025-01-03", "close": 1.677603, "volume": 305962, "typical_volume": 5378711.5, "trend": 1.739424, "fair_value": 2.010838, "relative_strength": -12.85315, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.607056, "energy": 48.47035, "activity_lines": [ 1.67853, 1.701272, 1.73169, 1.740524 ] }, { "date": "2025-01-10", "close": 1.714677, "volume": 720214, "typical_volume": 5335889.25, "trend": 1.737824, "fair_value": 2.005358, "relative_strength": -9.39623, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.739399, "energy": 26.939094, "activity_lines": [ 1.689034, 1.699063, 1.728094, 1.738928 ] }, { "date": "2025-01-17", "close": 1.705409, "volume": 962410, "typical_volume": 5114739.3, "trend": 1.739229, "fair_value": 1.999844, "relative_strength": -11.097902, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.93886, "energy": 31.572536, "activity_lines": [ 1.69614, 1.696769, 1.724232, 1.736836 ] }, { "date": "2025-01-24", "close": 1.686871, "volume": 901978, "typical_volume": 4608050.4, "trend": 1.741223, "fair_value": 1.995042, "relative_strength": -10.971819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.578613, "energy": 25.454891, "activity_lines": [ 1.694286, 1.692957, 1.719264, 1.733458 ] }, { "date": "2025-01-31", "close": 1.737848, "volume": 1405821, "typical_volume": 4455770.35, "trend": 1.745216, "fair_value": 1.989969, "relative_strength": -7.729492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.794367, "energy": 17.340893, "activity_lines": [ 1.710661, 1.700437, 1.71955, 1.733241 ] }, { "date": "2025-02-07", "close": 1.723946, "volume": 1234750, "typical_volume": 2020634.6, "trend": 1.746938, "fair_value": 1.98473, "relative_strength": -7.460766, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.268219, "energy": 16.791565, "activity_lines": [ 1.717149, 1.705072, 1.718756, 1.731868 ] }, { "date": "2025-02-14", "close": 1.719311, "volume": 2225652, "typical_volume": 1858938.65, "trend": 1.746096, "fair_value": 1.979461, "relative_strength": -7.950234, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.563884, "energy": 15.546525, "activity_lines": [ 1.719002, 1.708863, 1.717546, 1.730086 ] }, { "date": "2025-02-21", "close": 1.686871, "volume": 2739515, "typical_volume": 1826456.6, "trend": 1.743871, "fair_value": 1.974451, "relative_strength": -7.619947, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.521206, "energy": 18.328369, "activity_lines": [ 1.709734, 1.706588, 1.7131, 1.726265 ] }, { "date": "2025-02-28", "close": 1.723946, "volume": 1858441, "typical_volume": 1813142.6, "trend": 1.742278, "fair_value": 1.968459, "relative_strength": -4.184411, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.179732, "energy": 12.726671, "activity_lines": [ 1.714059, 1.710633, 1.712301, 1.724979 ] }, { "date": "2025-03-07", "close": 1.699759, "volume": 1673818, "typical_volume": 1779514.4, "trend": 1.741387, "fair_value": 1.962841, "relative_strength": -3.703355, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.624487, "energy": 16.796959, "activity_lines": [ 1.707851, 1.709942, 1.709616, 1.722236 ] }, { "date": "2025-03-14", "close": 1.70915, "volume": 3752074, "typical_volume": 1823181.45, "trend": 1.738548, "fair_value": 1.956787, "relative_strength": -1.752754, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.933726, "energy": 16.909897, "activity_lines": [ 1.707312, 1.71022, 1.708143, 1.720157 ] }, { "date": "2025-03-21", "close": 1.671586, "volume": 3200223, "typical_volume": 1902988.35, "trend": 1.7328, "fair_value": 1.950492, "relative_strength": -2.378121, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.712781, "energy": 26.037125, "activity_lines": [ 1.695238, 1.703094, 1.703646, 1.715836 ] }, { "date": "2025-03-28", "close": 1.596459, "volume": 1068492, "typical_volume": 1844157.5, "trend": 1.724548, "fair_value": 1.944003, "relative_strength": -7.65278, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -73.82857, "energy": 59.488717, "activity_lines": [ 1.661304, 1.683092, 1.692618, 1.70704 ] }, { "date": "2025-04-04", "close": 1.662195, "volume": 1292345, "typical_volume": 1781746.35, "trend": 1.720931, "fair_value": 1.938301, "relative_strength": -3.027192, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.730232, "energy": 51.383573, "activity_lines": [ 1.655309, 1.677023, 1.688855, 1.703017 ] }, { "date": "2025-04-11", "close": 1.624631, "volume": 1663177, "typical_volume": 1790915.6, "trend": 1.715453, "fair_value": 1.932384, "relative_strength": -3.228494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.213594, "energy": 60.691248, "activity_lines": [ 1.640909, 1.664573, 1.682162, 1.696804 ] }, { "date": "2025-04-18", "close": 1.601154, "volume": 1016356, "typical_volume": 1696137.4, "trend": 1.711174, "fair_value": 1.926343, "relative_strength": -4.984301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.950696, "energy": 64.547284, "activity_lines": [ 1.623692, 1.649912, 1.673689, 1.68943 ] }, { "date": "2025-04-25", "close": 1.624631, "volume": 705322, "typical_volume": 1616191.1, "trend": 1.709051, "fair_value": 1.920452, "relative_strength": -2.43173, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.952413, "energy": 49.110917, "activity_lines": [ 1.621501, 1.641753, 1.668037, 1.683847 ] }, { "date": "2025-05-02", "close": 1.685673, "volume": 3677181, "typical_volume": 1684367.05, "trend": 1.708199, "fair_value": 1.91549, "relative_strength": -0.982921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.852754, "energy": 30.703619, "activity_lines": [ 1.642787, 1.646414, 1.668605, 1.682339 ] }, { "date": "2025-05-09", "close": 1.788973, "volume": 3865987, "typical_volume": 1758866.25, "trend": 1.707436, "fair_value": 1.911558, "relative_strength": 2.937338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.685436, "energy": 7.728003, "activity_lines": [ 1.692559, 1.669879, 1.678906, 1.68755 ] }, { "date": "2025-05-16", "close": 1.784277, "volume": 3349033, "typical_volume": 1880937.55, "trend": 1.708042, "fair_value": 1.907385, "relative_strength": 1.369844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 25.990684, "energy": 27.126818, "activity_lines": [ 1.732314, 1.691307, 1.688362, 1.692507 ] }, { "date": "2025-05-23", "close": 1.70915, "volume": 1656794, "typical_volume": 1948479.15, "trend": 1.70416, "fair_value": 1.902941, "relative_strength": -1.235169, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.216334, "energy": 25.462354, "activity_lines": [ 1.736384, 1.697539, 1.690067, 1.692579 ] }, { "date": "2025-05-30", "close": 1.81245, "volume": 2934854, "typical_volume": 2059211.15, "trend": 1.704484, "fair_value": 1.899317, "relative_strength": 6.20816, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.83881, "energy": 51.026225, "activity_lines": [ 1.767687, 1.722553, 1.70146, 1.699565 ] }, { "date": "2025-06-06", "close": 1.845517, "volume": 1584760, "typical_volume": 2090328.65, "trend": 1.705759, "fair_value": 1.896224, "relative_strength": 6.825124, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.267165, "energy": 71.301083, "activity_lines": [ 1.797491, 1.751018, 1.715536, 1.708664 ] }, { "date": "2025-06-13", "close": 1.826491, "volume": 1685846, "typical_volume": 2129522.05, "trend": 1.706703, "fair_value": 1.89346, "relative_strength": 5.858465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.169656, "energy": 66.51806, "activity_lines": [ 1.810297, 1.771496, 1.727133, 1.716453 ] }, { "date": "2025-06-20", "close": 1.826491, "volume": 2365955, "typical_volume": 2177528.75, "trend": 1.710241, "fair_value": 1.891067, "relative_strength": 5.678651, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.72802, "energy": 68.930074, "activity_lines": [ 1.820601, 1.788986, 1.738066, 1.724182 ] }, { "date": "2025-06-27", "close": 1.826491, "volume": 3297198, "typical_volume": 2280651.15, "trend": 1.713659, "fair_value": 1.888674, "relative_strength": 5.463784, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.97606, "energy": 61.142414, "activity_lines": [ 1.828092, 1.802806, 1.748576, 1.731682 ] }, { "date": "2025-07-04", "close": 1.921621, "volume": 1660968, "typical_volume": 2252416.95, "trend": 1.720712, "fair_value": 1.886678, "relative_strength": 9.162703, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.27747, "energy": 71.852259, "activity_lines": [ 1.859469, 1.829825, 1.767658, 1.745098 ] }, { "date": "2025-07-11", "close": 1.95016, "volume": 1189958, "typical_volume": 2174939.1, "trend": 1.730261, "fair_value": 1.884733, "relative_strength": 11.234983, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.727059, "energy": 79.390395, "activity_lines": [ 1.893082, 1.856634, 1.788495, 1.759902 ] }, { "date": "2025-07-18", "close": 1.893082, "volume": 1462402, "typical_volume": 2155137.15, "trend": 1.736516, "fair_value": 1.882423, "relative_strength": 6.27498, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.453434, "energy": 70.895509, "activity_lines": [ 1.900692, 1.868256, 1.802641, 1.770406 ] }, { "date": "2025-07-25", "close": 1.864543, "volume": 1532515, "typical_volume": 2148072.0, "trend": 1.743366, "fair_value": 1.879346, "relative_strength": 4.847601, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.964848, "energy": 60.866018, "activity_lines": [ 1.89435, 1.872796, 1.813265, 1.778666 ] }, { "date": "2025-08-01", "close": 1.902595, "volume": 1538709, "typical_volume": 2037403.75, "trend": 1.750865, "fair_value": 1.876645, "relative_strength": 7.922136, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.942909, "energy": 48.805361, "activity_lines": [ 1.898156, 1.882795, 1.826728, 1.788939 ] }, { "date": "2025-08-08", "close": 1.874056, "volume": 1958417, "typical_volume": 1975313.45, "trend": 1.756178, "fair_value": 1.873629, "relative_strength": 5.278211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.558071, "energy": 40.704177, "activity_lines": [ 1.887374, 1.884088, 1.836551, 1.796887 ] }, { "date": "2025-08-15", "close": 1.893082, "volume": 1795966, "typical_volume": 2011687.15, "trend": 1.762434, "fair_value": 1.871133, "relative_strength": 5.89118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.067484, "energy": 35.460202, "activity_lines": [ 1.886106, 1.88772, 1.847223, 1.805719 ] }, { "date": "2025-08-22", "close": 1.916864, "volume": 1448811, "typical_volume": 2019510.45, "trend": 1.7701, "fair_value": 1.868842, "relative_strength": 5.963502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.06836, "energy": 42.914085, "activity_lines": [ 1.89657, 1.894812, 1.858746, 1.815682 ] }, { "date": "2025-08-29", "close": 1.940647, "volume": 1555289, "typical_volume": 2014116.05, "trend": 1.77686, "fair_value": 1.866968, "relative_strength": 8.178582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.545987, "energy": 48.04799, "activity_lines": [ 1.913376, 1.904584, 1.871323, 1.826685 ] }, { "date": "2025-09-05", "close": 2.069661, "volume": 2410918, "typical_volume": 2083844.15, "trend": 1.788384, "fair_value": 1.86547, "relative_strength": 12.563643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.446617, "energy": 82.59188, "activity_lines": [ 1.968114, 1.935738, 1.894681, 1.845576 ] }, { "date": "2025-09-12", "close": 2.060035, "volume": 1635343, "typical_volume": 2130345.2, "trend": 1.799741, "fair_value": 1.86399, "relative_strength": 11.7508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.564111, "energy": 84.512766, "activity_lines": [ 2.008505, 1.960721, 1.914892, 1.863102 ] }, { "date": "2025-09-19", "close": 2.09854, "volume": 7870984, "typical_volume": 2340035.35, "trend": 1.813464, "fair_value": 1.863319, "relative_strength": 13.493994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.295104, "energy": 85.479789, "activity_lines": [ 2.049332, 1.990187, 1.936696, 1.882379 ] }, { "date": "2025-09-26", "close": 2.146671, "volume": 2023085, "typical_volume": 2247890.25, "trend": 1.827554, "fair_value": 1.863438, "relative_strength": 16.706147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.929516, "energy": 88.967849, "activity_lines": [ 2.092506, 2.025707, 1.961119, 1.903876 ] }, { "date": "2025-10-03", "close": 2.194803, "volume": 1916226, "typical_volume": 2176249.9, "trend": 1.844056, "fair_value": 1.864347, "relative_strength": 15.346292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.716889, "energy": 90.415444, "activity_lines": [ 2.136403, 2.065368, 1.988422, 1.92757 ] }, { "date": "2025-10-10", "close": 2.252561, "volume": 1369294, "typical_volume": 2161874.9, "trend": 1.86217, "fair_value": 1.866161, "relative_strength": 18.369593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.903148, "energy": 91.671079, "activity_lines": [ 2.18261, 2.109525, 2.019271, 1.953925 ] }, { "date": "2025-10-17", "close": 2.127419, "volume": 1906153, "typical_volume": 2110439.85, "trend": 1.877364, "fair_value": 1.867413, "relative_strength": 12.947547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.737815, "energy": 71.819914, "activity_lines": [ 2.174909, 2.124567, 2.035613, 1.971038 ] }, { "date": "2025-10-24", "close": 2.088913, "volume": 2248421, "typical_volume": 2143622.9, "trend": 1.893779, "fair_value": 1.868285, "relative_strength": 9.860894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.315405, "energy": 55.680582, "activity_lines": [ 2.14988, 2.128, 2.046789, 1.984686 ] }, { "date": "2025-10-31", "close": 2.146671, "volume": 961711, "typical_volume": 2107416.15, "trend": 1.909928, "fair_value": 1.868992, "relative_strength": 11.367604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.323918, "energy": 48.818759, "activity_lines": [ 2.144746, 2.138375, 2.062307, 2.001002 ] }, { "date": "2025-11-07", "close": 2.09854, "volume": 1693084, "typical_volume": 2073772.6, "trend": 1.925725, "fair_value": 1.869605, "relative_strength": 8.276006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.879124, "energy": 31.827612, "activity_lines": [ 2.123568, 2.13582, 2.071716, 2.01317 ] }, { "date": "2025-11-14", "close": 1.880688, "volume": 3440444, "typical_volume": 2080934.9, "trend": 1.935043, "fair_value": 1.868902, "relative_strength": -1.965667, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.716134, "energy": 15.890965, "activity_lines": [ 2.036191, 2.090785, 2.059082, 2.010265 ] }, { "date": "2025-11-21", "close": 1.914794, "volume": 2097112, "typical_volume": 2102742.1, "trend": 1.944715, "fair_value": 1.868658, "relative_strength": 0.001841, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.60203, "energy": 19.525275, "activity_lines": [ 1.984973, 2.055386, 2.049438, 2.008958 ] }, { "date": "2025-11-28", "close": 1.88556, "volume": 2956670, "typical_volume": 2191077.7, "trend": 1.951378, "fair_value": 1.868038, "relative_strength": -2.137685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.321072, "energy": 34.369815, "activity_lines": [ 1.938186, 2.017314, 2.037042, 2.005142 ] }, { "date": "2025-12-05", "close": 1.831966, "volume": 4546017, "typical_volume": 2345258.45, "trend": 1.952811, "fair_value": 1.867022, "relative_strength": -4.913156, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.222795, "energy": 42.412907, "activity_lines": [ 1.887091, 1.973369, 2.019849, 1.997438 ] }, { "date": "2025-12-12", "close": 1.978133, "volume": 11279030, "typical_volume": 2832584.2, "trend": 1.959273, "fair_value": 1.866888, "relative_strength": 3.026673, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.352726, "energy": 40.741778, "activity_lines": [ 1.905699, 1.961722, 2.016869, 1.999071 ] }, { "date": "2025-12-19", "close": 1.895305, "volume": 25342477, "typical_volume": 4022772.6, "trend": 1.965478, "fair_value": 1.866439, "relative_strength": -0.87595, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.642087, "energy": 41.959396, "activity_lines": [ 1.904725, 1.938955, 2.005459, 1.994944 ] }, { "date": "2025-12-26", "close": 1.929411, "volume": 2083327, "typical_volume": 4029018.1, "trend": 1.969377, "fair_value": 1.866642, "relative_strength": -0.777413, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.189762, "energy": 24.333923, "activity_lines": [ 1.914144, 1.928884, 1.997332, 1.992617 ] }, { "date": "2026-01-02", "close": 1.944027, "volume": 2129296, "typical_volume": 4045684.6, "trend": 1.972661, "fair_value": 1.86656, "relative_strength": -0.370058, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.478689, "energy": 13.450534, "activity_lines": [ 1.927462, 1.925071, 1.990333, 1.990982 ] }, { "date": "2026-01-09", "close": 1.944027, "volume": 2978099, "typical_volume": 4122149.0, "trend": 1.976579, "fair_value": 1.866586, "relative_strength": -1.563399, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.799712, "energy": 13.638544, "activity_lines": [ 1.936881, 1.923893, 1.983092, 1.989135 ] }, { "date": "2026-01-16", "close": 1.944027, "volume": 2312673, "typical_volume": 4160018.2, "trend": 1.980496, "fair_value": 1.866125, "relative_strength": -1.875006, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.037893, "energy": 10.379582, "activity_lines": [ 1.93883, 1.926399, 1.975721, 1.987034 ] }, { "date": "2026-01-23", "close": 1.929411, "volume": 2497551, "typical_volume": 4164349.85, "trend": 1.983927, "fair_value": 1.865517, "relative_strength": -0.842798, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -36.254516, "energy": 19.113106, "activity_lines": [ 1.938181, 1.929056, 1.966942, 1.983739 ] }, { "date": "2026-01-30", "close": 1.924538, "volume": 2556278, "typical_volume": 4210396.6, "trend": 1.984024, "fair_value": 1.864391, "relative_strength": -1.035409, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -37.551733, "energy": 20.374294, "activity_lines": [ 1.933633, 1.929942, 1.958367, 1.979907 ] }, { "date": "2026-02-06", "close": 1.900177, "volume": 3368328, "typical_volume": 3985263.8, "trend": 1.982358, "fair_value": 1.863433, "relative_strength": -2.539496, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -53.358269, "energy": 28.855703, "activity_lines": [ 1.92129, 1.926221, 1.948117, 1.974498 ] }, { "date": "2026-02-13", "close": 1.944027, "volume": 2624304, "typical_volume": 4015324.75, "trend": 1.984056, "fair_value": 1.862729, "relative_strength": 1.366164, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -47.235222, "energy": 26.669697, "activity_lines": [ 1.926487, 1.930208, 1.942988, 1.972025 ] }, { "date": "2026-02-20", "close": 1.880688, "volume": 6035562, "typical_volume": 4221291.55, "trend": 1.984595, "fair_value": 1.862052, "relative_strength": -2.865699, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.89587, "energy": 37.157763, "activity_lines": [ 1.910571, 1.92064, 1.932792, 1.965356 ] }, { "date": "2026-02-27", "close": 1.9143, "volume": 3986382, "typical_volume": 4352145.95, "trend": 1.984985, "fair_value": 1.86159, "relative_strength": -4.149785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.865697, "energy": 34.897834, "activity_lines": [ 1.910082, 1.918956, 1.927293, 1.960821 ] }, { "date": "2026-03-06", "close": 1.899499, "volume": 5006896, "typical_volume": 4507183.1, "trend": 1.985833, "fair_value": 1.8612, "relative_strength": -3.502046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.184163, "energy": 35.26881, "activity_lines": [ 1.905666, 1.914235, 1.921994, 1.955305 ] }, { "date": "2026-03-13", "close": 1.869896, "volume": 3330538, "typical_volume": 4561288.95, "trend": 1.98506, "fair_value": 1.860702, "relative_strength": -2.645918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.667214, "energy": 50.310491, "activity_lines": [ 1.893052, 1.904676, 1.914962, 1.947826 ] }, { "date": "2026-03-20", "close": 1.864963, "volume": 19883619, "typical_volume": 5507384.35, "trend": 1.98333, "fair_value": 1.860829, "relative_strength": -1.500124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.255137, "energy": 47.5918, "activity_lines": [ 1.880812, 1.895568, 1.908503, 1.940077 ] }, { "date": "2026-03-27", "close": 1.805758, "volume": 3834189, "typical_volume": 5614439.6, "trend": 1.978834, "fair_value": 1.85962, "relative_strength": -4.346593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.531568, "energy": 64.432294, "activity_lines": [ 1.854109, 1.877132, 1.897747, 1.928621 ] }, { "date": "2026-04-03", "close": 1.766287, "volume": 3127567, "typical_volume": 5598795.75, "trend": 1.968721, "fair_value": 1.858267, "relative_strength": -6.207938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.887475, "energy": 75.627223, "activity_lines": [ 1.819243, 1.854034, 1.884625, 1.914908 ] }, { "date": "2026-04-10", "close": 1.83536, "volume": 1852123, "typical_volume": 5586546.3, "trend": 1.961232, "fair_value": 1.857302, "relative_strength": -4.656167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.438724, "energy": 60.609051, "activity_lines": [ 1.81727, 1.846461, 1.878627, 1.906304 ] }, { "date": "2026-04-17", "close": 1.864963, "volume": 2345449, "typical_volume": 5555985.25, "trend": 1.953446, "fair_value": 1.856855, "relative_strength": -1.209312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.007947, "energy": 45.270391, "activity_lines": [ 1.82944, 1.845891, 1.875827, 1.900094 ] }, { "date": "2026-04-24", "close": 1.855095, "volume": 1773118, "typical_volume": 5417340.3, "trend": 1.943727, "fair_value": 1.856016, "relative_strength": -1.612627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.202077, "energy": 34.901815, "activity_lines": [ 1.838649, 1.844168, 1.872185, 1.893748 ] }, { "date": "2026-05-01", "close": 1.869896, "volume": 3372593, "typical_volume": 5022018.45, "trend": 1.932897, "fair_value": 1.855273, "relative_strength": -2.162631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.97143, "energy": 19.406936, "activity_lines": [ 1.85345, 1.846753, 1.869842, 1.888985 ] }, { "date": "2026-05-08", "close": 1.830426, "volume": 3406144, "typical_volume": 3925201.8, "trend": 1.918826, "fair_value": 1.854495, "relative_strength": -5.178637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.02725, "energy": 19.646553, "activity_lines": [ 1.850819, 1.842357, 1.864255, 1.882374 ] }, { "date": "2026-05-15", "close": 1.790956, "volume": 3867118, "typical_volume": 4014391.35, "trend": 1.90761, "fair_value": 1.853355, "relative_strength": -5.702328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.75123, "energy": 32.153768, "activity_lines": [ 1.830755, 1.83231, 1.855219, 1.874124 ] }, { "date": "2026-05-22", "close": 1.84, "volume": 2485014, "typical_volume": 4032177.25, "trend": 1.899313, "fair_value": 1.85242, "relative_strength": -3.391624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.186664, "energy": 27.880058, "activity_lines": [ 1.829999, 1.833154, 1.851513, 1.869762 ] }, { "date": "2026-05-29", "close": 1.885, "volume": 3194038, "typical_volume": 4042974.2, "trend": 1.890591, "fair_value": 1.852019, "relative_strength": -2.875156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.341288, "energy": 18.045172, "activity_lines": [ 1.845908, 1.842723, 1.852588, 1.868839 ] }, { "date": "2026-06-05", "close": 1.89, "volume": 397003, "typical_volume": 3947190.7, "trend": 1.883639, "fair_value": 1.85138, "relative_strength": -1.964084, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.386037, "energy": 9.61319, "activity_lines": [ 1.861489, 1.852836, 1.85442, 1.868801 ] }, { "date": "2026-06-12", "close": 1.92, "volume": 582333, "typical_volume": 3851429.8, "trend": 1.88495, "fair_value": 1.85063, "relative_strength": -2.104592, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.189172, "energy": 18.87218, "activity_lines": [ 1.88573, 1.866873, 1.859366, 1.871147 ] }, { "date": "2026-06-19", "close": 1.96, "volume": 4531269, "typical_volume": 3950179.35, "trend": 1.886457, "fair_value": 1.850385, "relative_strength": -0.817535, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.282479, "energy": 40.555966, "activity_lines": [ 1.917333, 1.885388, 1.868167, 1.875989 ] }, { "date": "2026-06-26", "close": 1.95, "volume": 252457, "typical_volume": 3794385.8, "trend": 1.888605, "fair_value": 1.849965, "relative_strength": -1.312252, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.75349, "energy": 52.135423, "activity_lines": [ 1.934333, 1.899818, 1.875846, 1.880088 ] }, { "date": "2026-07-03", "close": 1.91, "volume": 249891, "typical_volume": 3675665.15, "trend": 1.891206, "fair_value": 1.849234, "relative_strength": -4.081584, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.484836, "energy": 48.701763, "activity_lines": [ 1.930667, 1.905429, 1.879479, 1.881469 ] }, { "date": "2026-07-10", "close": 1.915, "volume": 3062948, "typical_volume": 3527034.45, "trend": 1.889101, "fair_value": 1.848314, "relative_strength": -4.81189, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.571331, "energy": 46.08306, "activity_lines": [ 1.927, 1.910952, 1.88375, 1.883004 ] }, { "date": "2026-07-17", "close": 1.89, "volume": 1803497, "typical_volume": 3417890.2, "trend": 1.888924, "fair_value": 1.847178, "relative_strength": -5.318519, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.915084, "energy": 19.273158, "activity_lines": [ 1.913333, 1.911108, 1.885477, 1.883062 ] }, { "date": "2026-07-24", "close": 1.91, "volume": 3059755, "typical_volume": 3320533.15, "trend": 1.888277, "fair_value": 1.846281, "relative_strength": -4.77568, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.282246, "energy": 9.116027, "activity_lines": [ 1.908333, 1.913818, 1.889224, 1.884421 ] }, { "date": "2026-07-31", "close": 1.89, "volume": 2593606, "typical_volume": 3283686.55, "trend": 1.886476, "fair_value": 1.845532, "relative_strength": -5.126533, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.199699, "energy": 7.982377, "activity_lines": [ 1.9, 1.910727, 1.891016, 1.884533 ] }, { "date": "2026-08-07", "close": 1.9, "volume": 2268687, "typical_volume": 2402939.95, "trend": 1.885009, "fair_value": 1.844792, "relative_strength": -5.380046, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.414265, "energy": 17.018751, "activity_lines": [ 1.899, 1.908545, 1.893665, 1.885405 ] } ], "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." } } }