{ "ticker": { "uuid": "20bc1278-299e-4fbb-a0ad-26a1298e9865", "symbol": "6572", "name": "PlexBio Co., Ltd.", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -52.678, "architecture_energy": 42.221, "architecture_maturity": 10.775, "architecture_confidence": 91.472, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 33.83, "rotation_up": 19.26, "upward_expansion": 10.46, "deceleration": 38.49, "rotation_down": 53.5, "downward_expansion": 81.46 }, "activity_lines": [ 7.314667, 7.434182, 7.910619, 8.036086 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 7.24, "trend_reference": 8.132, "distance_from_trend": -0.10969, "trend_direction": "Weakening", "fair_value": 11.113333, "distance_from_fair_value": -0.34853, "fair_value_direction": "Weakening", "relative_strength": -41.214237, "relative_strength_direction": "Improving", "price_momentum": -0.129808, "excess_performance": -0.57118, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.10969, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.045615, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.34853, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.017212, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.412142, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.024055, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.129808, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.286088, "read": "Demand-led" } ], "volume": { "latest": 813932, "relative_activity": 0.434674, "balance": 1.286088, "dry_up": 0.320697, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.191883, "annualized_volatility": 1.153384, "from_high_reference": -0.541772, "from_low_reference": 0.403101 }, "levels": { "trend_reference": 8.132, "fair_value_reference": 11.113333, "structural_low": 5.16, "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": 33, "median_return": 0.003145, "positive_rate": 0.515152, "directional_follow_through": 0.454545, "median_excess_return": -0.017992, "regime_survival": 0.666667, "best_return": 1.039356, "worst_return": -0.300375, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.041254, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.093576, "regime_survival": 0.357143, "best_return": 0.529183, "worst_return": -0.187845, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.074814, "positive_rate": 0.125, "directional_follow_through": 0.875, "median_excess_return": -0.19234, "regime_survival": 0.75, "best_return": 0.321555, "worst_return": -0.312821, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.15631, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.25616, "regime_survival": 1.0, "best_return": -0.031802, "worst_return": -0.287154, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-08-16", "tenure": "New", "return": -0.041322, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-23", "end": "2024-10-11", "tenure": "Developing", "return": 0.169725, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2025-03-14", "tenure": "Established", "return": -0.074074, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-06-06", "tenure": "Developing", "return": 0.105991, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": -0.067873, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.004975, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-10-03", "tenure": "Developing", "return": -0.033816, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": -0.039474, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-02-06", "tenure": "Established", "return": -0.085714, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-13", "end": "2026-02-13", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-04-10", "tenure": "Developing", "return": -0.0675, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-22", "tenure": "Developing", "return": -0.295349, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.143207, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-14", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 15.65, "volume": 241737, "typical_volume": 539404.4, "trend": 17.325, "fair_value": 20.18109, "relative_strength": -6.099592, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.107894, "energy": 56.271056, "activity_lines": [ 16.05, 16.596364, 17.27, 17.578817 ] }, { "date": "2023-08-18", "close": 14.7, "volume": 181328, "typical_volume": 510570.25, "trend": 17.386667, "fair_value": 19.872115, "relative_strength": -10.651209, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.939826, "energy": 65.096422, "activity_lines": [ 15.576667, 16.167273, 16.962857, 17.409462 ] }, { "date": "2023-08-25", "close": 14.1, "volume": 248345, "typical_volume": 480963.0, "trend": 17.43, "fair_value": 19.533654, "relative_strength": -14.70101, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.35972, "energy": 79.514089, "activity_lines": [ 15.0, 15.692727, 16.619524, 17.197419 ] }, { "date": "2023-09-01", "close": 14.05, "volume": 234819, "typical_volume": 454359.9, "trend": 17.486667, "fair_value": 19.257051, "relative_strength": -15.715666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.14889, "energy": 82.687094, "activity_lines": [ 14.56, 15.282727, 16.301667, 16.979355 ] }, { "date": "2023-09-08", "close": 13.95, "volume": 153083, "typical_volume": 435749.95, "trend": 17.528333, "fair_value": 18.988782, "relative_strength": -15.763505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.55183, "energy": 86.148975, "activity_lines": [ 14.22, 14.924545, 16.003095, 16.751183 ] }, { "date": "2023-09-15", "close": 13.7, "volume": 365436, "typical_volume": 420318.95, "trend": 17.458333, "fair_value": 18.753526, "relative_strength": -18.707996, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.465198, "energy": 86.085302, "activity_lines": [ 13.956667, 14.592727, 15.707857, 16.504193 ] }, { "date": "2023-09-22", "close": 14.05, "volume": 261617, "typical_volume": 416018.9, "trend": 17.323333, "fair_value": 18.571795, "relative_strength": -13.434682, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.618509, "energy": 72.62074, "activity_lines": [ 13.94, 14.4, 15.47119, 16.284301 ] }, { "date": "2023-09-29", "close": 14.0, "volume": 36571, "typical_volume": 381058.6, "trend": 17.125, "fair_value": 18.395513, "relative_strength": -13.558758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.356739, "energy": 56.735688, "activity_lines": [ 13.95, 14.236364, 15.251429, 16.069892 ] }, { "date": "2023-10-06", "close": 13.9, "volume": 102064, "typical_volume": 366674.75, "trend": 16.931667, "fair_value": 18.224359, "relative_strength": -14.82667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.910859, "energy": 53.419431, "activity_lines": [ 13.933333, 14.098182, 15.04119, 15.861828 ] }, { "date": "2023-10-13", "close": 13.85, "volume": 57315, "typical_volume": 339404.75, "trend": 16.77, "fair_value": 18.096154, "relative_strength": -16.244699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.922985, "energy": 52.029191, "activity_lines": [ 13.91, 13.99, 14.845238, 15.663011 ] }, { "date": "2023-10-20", "close": 14.0, "volume": 73549, "typical_volume": 309630.5, "trend": 16.626667, "fair_value": 17.99359, "relative_strength": -13.426536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.096948, "energy": 47.797459, "activity_lines": [ 13.943333, 13.954545, 14.682381, 15.484301 ] }, { "date": "2023-10-27", "close": 13.7, "volume": 44177, "typical_volume": 268754.85, "trend": 16.446667, "fair_value": 17.870192, "relative_strength": -13.527313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.408914, "energy": 50.132955, "activity_lines": [ 13.856667, 13.894545, 14.506667, 15.295484 ] }, { "date": "2023-11-03", "close": 13.65, "volume": 86546, "typical_volume": 243642.55, "trend": 16.22, "fair_value": 17.785256, "relative_strength": -15.625087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.756035, "energy": 49.695645, "activity_lines": [ 13.776667, 13.843636, 14.347619, 15.115054 ] }, { "date": "2023-11-10", "close": 13.9, "volume": 132050, "typical_volume": 234379.3, "trend": 16.013333, "fair_value": 17.701282, "relative_strength": -14.814836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.145872, "energy": 45.766223, "activity_lines": [ 13.803333, 13.846364, 14.233809, 14.965376 ] }, { "date": "2023-11-17", "close": 13.65, "volume": 317625, "typical_volume": 236174.9, "trend": 15.813333, "fair_value": 17.625, "relative_strength": -18.798138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.253878, "energy": 45.46036, "activity_lines": [ 13.746667, 13.806364, 14.115238, 14.812903 ] }, { "date": "2023-11-24", "close": 13.65, "volume": 1220827, "typical_volume": 277559.25, "trend": 15.635, "fair_value": 17.550962, "relative_strength": -19.101178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.008664, "energy": 40.968664, "activity_lines": [ 13.703333, 13.771818, 14.016905, 14.673333 ] }, { "date": "2023-12-01", "close": 14.5, "volume": 1284656, "typical_volume": 318566.5, "trend": 15.498333, "fair_value": 17.502885, "relative_strength": -14.811661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.744905, "energy": 24.831122, "activity_lines": [ 13.966667, 13.892727, 14.019524, 14.600107 ] }, { "date": "2023-12-08", "close": 14.8, "volume": 544229, "typical_volume": 332520.0, "trend": 15.391667, "fair_value": 17.433333, "relative_strength": -12.811147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.059013, "energy": 10.914851, "activity_lines": [ 14.276667, 14.06, 14.058571, 14.555054 ] }, { "date": "2023-12-15", "close": 14.25, "volume": 482339, "typical_volume": 322642.7, "trend": 15.27, "fair_value": 17.372756, "relative_strength": -17.379102, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.475163, "energy": 13.434611, "activity_lines": [ 14.326667, 14.112727, 14.052857, 14.481398 ] }, { "date": "2023-12-22", "close": 14.65, "volume": 214995, "typical_volume": 314165.4, "trend": 15.165, "fair_value": 17.320192, "relative_strength": -14.605506, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.721732, "energy": 14.319032, "activity_lines": [ 14.486667, 14.231818, 14.09381, 14.441398 ] }, { "date": "2023-12-29", "close": 14.1, "volume": 172253, "typical_volume": 310691.2, "trend": 15.058333, "fair_value": 17.280769, "relative_strength": -19.250861, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.098604, "energy": 11.550115, "activity_lines": [ 14.396667, 14.236364, 14.090476, 14.372688 ] }, { "date": "2024-01-05", "close": 14.05, "volume": 77475, "typical_volume": 305498.55, "trend": 14.92, "fair_value": 17.239423, "relative_strength": -17.5645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.003103, "energy": 8.22216, "activity_lines": [ 14.26, 14.23, 14.089762, 14.307634 ] }, { "date": "2024-01-12", "close": 13.85, "volume": 148983, "typical_volume": 300530.45, "trend": 14.776667, "fair_value": 17.184615, "relative_strength": -18.637863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.782438, "energy": 16.010092, "activity_lines": [ 14.086667, 14.180909, 14.073095, 14.238602 ] }, { "date": "2024-01-19", "close": 13.9, "volume": 174129, "typical_volume": 297495.95, "trend": 14.643333, "fair_value": 17.123077, "relative_strength": -18.993836, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.703944, "energy": 20.196053, "activity_lines": [ 13.993333, 14.137273, 14.062381, 14.182043 ] }, { "date": "2024-01-26", "close": 13.7, "volume": 183904, "typical_volume": 299037.0, "trend": 14.503333, "fair_value": 17.071795, "relative_strength": -21.401097, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.070783, "energy": 23.403814, "activity_lines": [ 13.856667, 14.057273, 14.033333, 14.121183 ] }, { "date": "2024-02-02", "close": 14.0, "volume": 254213, "typical_volume": 293475.85, "trend": 14.375, "fair_value": 17.026923, "relative_strength": -19.942628, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.065851, "energy": 23.957911, "activity_lines": [ 13.883333, 14.030909, 14.034048, 14.08871 ] }, { "date": "2024-02-09", "close": 14.0, "volume": 55038, "typical_volume": 283146.9, "trend": 14.303333, "fair_value": 16.980128, "relative_strength": -20.037164, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.970379, "energy": 21.215568, "activity_lines": [ 13.916667, 13.998182, 14.033333, 14.064516 ] }, { "date": "2024-02-16", "close": 14.1, "volume": 160772, "typical_volume": 289356.95, "trend": 14.226667, "fair_value": 16.936859, "relative_strength": -21.266978, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.617447, "energy": 16.718504, "activity_lines": [ 13.986667, 13.992727, 14.042381, 14.051398 ] }, { "date": "2024-02-23", "close": 13.6, "volume": 315745, "typical_volume": 300041.0, "trend": 14.145, "fair_value": 16.895192, "relative_strength": -24.517546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.135112, "energy": 20.771903, "activity_lines": [ 13.873333, 13.909091, 14.003333, 14.010968 ] }, { "date": "2024-03-01", "close": 13.5, "volume": 520478, "typical_volume": 323199.15, "trend": 14.05, "fair_value": 16.842949, "relative_strength": -24.395953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.613501, "energy": 29.705177, "activity_lines": [ 13.746667, 13.819091, 13.95619, 13.969355 ] }, { "date": "2024-03-08", "close": 13.0, "volume": 554431, "typical_volume": 347243.25, "trend": 13.961667, "fair_value": 16.789103, "relative_strength": -29.441294, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.660523, "energy": 51.428896, "activity_lines": [ 13.466667, 13.659091, 13.863095, 13.901613 ] }, { "date": "2024-03-15", "close": 12.7, "volume": 644658, "typical_volume": 377267.3, "trend": 13.895, "fair_value": 16.73141, "relative_strength": -29.891632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.098744, "energy": 68.042211, "activity_lines": [ 13.153333, 13.464545, 13.74619, 13.820215 ] }, { "date": "2024-03-22", "close": 12.3, "volume": 475532, "typical_volume": 396716.6, "trend": 13.835, "fair_value": 16.672436, "relative_strength": -33.17573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.14215, "energy": 75.926139, "activity_lines": [ 12.793333, 13.221818, 13.595952, 13.717312 ] }, { "date": "2024-03-29", "close": 12.15, "volume": 218650, "typical_volume": 401046.6, "trend": 13.771667, "fair_value": 16.614744, "relative_strength": -33.353245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.37566, "energy": 82.587791, "activity_lines": [ 12.503333, 12.98, 13.437857, 13.608602 ] }, { "date": "2024-04-05", "close": 11.9, "volume": 360029, "typical_volume": 403166.8, "trend": 13.703333, "fair_value": 16.55641, "relative_strength": -33.863197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.098524, "energy": 86.449526, "activity_lines": [ 12.226667, 12.724545, 13.264286, 13.487849 ] }, { "date": "2024-04-12", "close": 11.75, "volume": 528418, "typical_volume": 368546.35, "trend": 13.638333, "fair_value": 16.489423, "relative_strength": -34.970628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.236128, "energy": 87.146395, "activity_lines": [ 12.006667, 12.474545, 13.084762, 13.361828 ] }, { "date": "2024-04-19", "close": 11.9, "volume": 273140, "typical_volume": 317970.55, "trend": 13.566667, "fair_value": 16.430449, "relative_strength": -29.043464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.519632, "energy": 81.693169, "activity_lines": [ 11.92, 12.292727, 12.928571, 13.249677 ] }, { "date": "2024-04-26", "close": 12.2, "volume": 383293, "typical_volume": 309923.75, "trend": 13.506667, "fair_value": 16.375962, "relative_strength": -28.41713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.212679, "energy": 64.610669, "activity_lines": [ 11.986667, 12.203636, 12.813333, 13.161505 ] }, { "date": "2024-05-03", "close": 12.4, "volume": 384389, "typical_volume": 305026.25, "trend": 13.456667, "fair_value": 16.319551, "relative_strength": -27.033028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.687796, "energy": 47.884508, "activity_lines": [ 12.126667, 12.185455, 12.729524, 13.090108 ] }, { "date": "2024-05-10", "close": 12.3, "volume": 393225, "typical_volume": 313937.75, "trend": 13.405, "fair_value": 16.260577, "relative_strength": -28.005005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.927271, "energy": 33.857722, "activity_lines": [ 12.216667, 12.170909, 12.645, 13.015484 ] }, { "date": "2024-05-17", "close": 12.8, "volume": 273308, "typical_volume": 318990.5, "trend": 13.365, "fair_value": 16.200962, "relative_strength": -26.146867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.758603, "energy": 22.337465, "activity_lines": [ 12.446667, 12.269091, 12.619286, 12.976452 ] }, { "date": "2024-05-24", "close": 13.1, "volume": 1553772, "typical_volume": 392805.35, "trend": 13.345, "fair_value": 16.054167, "relative_strength": -24.654394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.369121, "energy": 19.114771, "activity_lines": [ 12.706667, 12.425455, 12.628333, 12.959355 ] }, { "date": "2024-05-31", "close": 13.65, "volume": 721720, "typical_volume": 421442.2, "trend": 13.345, "fair_value": 15.961218, "relative_strength": -19.288393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.303177, "energy": 15.229008, "activity_lines": [ 13.07, 12.674545, 12.694286, 12.979032 ] }, { "date": "2024-06-07", "close": 13.1, "volume": 175319, "typical_volume": 421501.7, "trend": 13.318333, "fair_value": 15.864744, "relative_strength": -24.090453, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.353234, "energy": 17.864577, "activity_lines": [ 13.153333, 12.799091, 12.70881, 12.963226 ] }, { "date": "2024-06-14", "close": 12.9, "volume": 155469, "typical_volume": 420079.95, "trend": 13.293333, "fair_value": 15.766987, "relative_strength": -26.543488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.564752, "energy": 15.991067, "activity_lines": [ 13.123333, 12.87, 12.708095, 12.936237 ] }, { "date": "2024-06-21", "close": 13.4, "volume": 666699, "typical_volume": 440704.25, "trend": 13.285, "fair_value": 15.695833, "relative_strength": -25.298283, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.890783, "energy": 13.108089, "activity_lines": [ 13.22, 13.013636, 12.75881, 12.943118 ] }, { "date": "2024-06-28", "close": 13.6, "volume": 404310, "typical_volume": 458167.85, "trend": 13.255, "fair_value": 15.622436, "relative_strength": -22.552354, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.978606, "energy": 20.658091, "activity_lines": [ 13.343333, 13.163636, 12.831429, 12.963441 ] }, { "date": "2024-07-05", "close": 13.65, "volume": 351569, "typical_volume": 467707.7, "trend": 13.216667, "fair_value": 15.555449, "relative_strength": -23.043401, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.664508, "energy": 20.277535, "activity_lines": [ 13.45, 13.291818, 12.910714, 12.988925 ] }, { "date": "2024-07-12", "close": 13.65, "volume": 649176, "typical_volume": 484379.25, "trend": 13.196667, "fair_value": 15.497436, "relative_strength": -23.492216, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.650673, "energy": 23.837972, "activity_lines": [ 13.556667, 13.393636, 12.992143, 13.016882 ] }, { "date": "2024-07-19", "close": 13.65, "volume": 401896, "typical_volume": 478450.15, "trend": 13.163333, "fair_value": 15.435577, "relative_strength": -19.22496, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.562684, "energy": 25.882072, "activity_lines": [ 13.626667, 13.472727, 13.073333, 13.046129 ] }, { "date": "2024-07-26", "close": 13.1, "volume": 210473, "typical_volume": 461252.25, "trend": 13.13, "fair_value": 15.38141, "relative_strength": -19.144177, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.935677, "energy": 16.840559, "activity_lines": [ 13.463333, 13.427273, 13.101429, 13.042043 ] }, { "date": "2024-08-02", "close": 12.1, "volume": 757159, "typical_volume": 466877.3, "trend": 13.065, "fair_value": 15.320513, "relative_strength": -22.821996, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.039411, "energy": 9.390342, "activity_lines": [ 12.986667, 13.194545, 13.03381, 12.975591 ] }, { "date": "2024-08-09", "close": 11.45, "volume": 882313, "typical_volume": 487216.35, "trend": 12.985, "fair_value": 15.258654, "relative_strength": -25.584169, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.859951, "energy": 34.243744, "activity_lines": [ 12.393333, 12.861818, 12.907143, 12.871398 ] }, { "date": "2024-08-16", "close": 11.6, "volume": 249728, "typical_volume": 488770.25, "trend": 12.908333, "fair_value": 15.195513, "relative_strength": -26.836151, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.553287, "energy": 47.817826, "activity_lines": [ 11.996667, 12.596364, 12.79881, 12.782043 ] }, { "date": "2024-08-23", "close": 10.9, "volume": 289719, "typical_volume": 485254.75, "trend": 12.815, "fair_value": 15.13141, "relative_strength": -29.967499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.502705, "energy": 72.816844, "activity_lines": [ 11.503333, 12.230909, 12.626429, 12.652473 ] }, { "date": "2024-08-30", "close": 11.15, "volume": 279448, "typical_volume": 472806.25, "trend": 12.72, "fair_value": 15.074038, "relative_strength": -28.038737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.330187, "energy": 75.324914, "activity_lines": [ 11.276667, 11.947273, 12.482619, 12.545054 ] }, { "date": "2024-09-06", "close": 11.1, "volume": 494930, "typical_volume": 483895.75, "trend": 12.623333, "fair_value": 15.013141, "relative_strength": -24.9059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.0051, "energy": 73.789027, "activity_lines": [ 11.163333, 11.695455, 12.336905, 12.440538 ] }, { "date": "2024-09-13", "close": 11.4, "volume": 185725, "typical_volume": 474017.35, "trend": 12.533333, "fair_value": 14.958974, "relative_strength": -23.416063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.631045, "energy": 64.471379, "activity_lines": [ 11.216667, 11.543636, 12.223571, 12.361613 ] }, { "date": "2024-09-20", "close": 11.75, "volume": 178560, "typical_volume": 463725.9, "trend": 12.471667, "fair_value": 14.905449, "relative_strength": -21.764459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.135248, "energy": 40.903982, "activity_lines": [ 11.39, 11.496364, 12.147381, 12.311075 ] }, { "date": "2024-09-27", "close": 12.15, "volume": 261122, "typical_volume": 457120.75, "trend": 12.426667, "fair_value": 14.857372, "relative_strength": -20.72439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.425928, "energy": 26.330276, "activity_lines": [ 11.686667, 11.556364, 12.112381, 12.290323 ] }, { "date": "2024-10-04", "close": 12.95, "volume": 614778, "typical_volume": 474194.25, "trend": 12.425, "fair_value": 14.81859, "relative_strength": -12.88379, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.723313, "energy": 16.474286, "activity_lines": [ 12.166667, 11.789091, 12.154286, 12.324086 ] }, { "date": "2024-10-11", "close": 12.75, "volume": 308120, "typical_volume": 411911.65, "trend": 12.426667, "fair_value": 14.792949, "relative_strength": -15.820103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 4.378278, "energy": 17.522608, "activity_lines": [ 12.46, 11.988182, 12.176429, 12.345054 ] }, { "date": "2024-10-18", "close": 12.15, "volume": 163473, "typical_volume": 383999.3, "trend": 12.421667, "fair_value": 14.767308, "relative_strength": -21.014001, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.257238, "energy": 15.440746, "activity_lines": [ 12.443333, 12.066364, 12.143095, 12.327204 ] }, { "date": "2024-10-25", "close": 12.2, "volume": 219177, "typical_volume": 386192.2, "trend": 12.423333, "fair_value": 14.743269, "relative_strength": -19.444909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.746706, "energy": 15.580499, "activity_lines": [ 12.393333, 12.140909, 12.121667, 12.312903 ] }, { "date": "2024-11-01", "close": 12.55, "volume": 155940, "typical_volume": 386215.75, "trend": 12.445, "fair_value": 14.724359, "relative_strength": -14.365729, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.947373, "energy": 10.480984, "activity_lines": [ 12.43, 12.268182, 12.137857, 12.321075 ] }, { "date": "2024-11-08", "close": 12.3, "volume": 289514, "typical_volume": 367356.5, "trend": 12.463333, "fair_value": 14.703526, "relative_strength": -18.067205, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.915095, "energy": 7.474986, "activity_lines": [ 12.356667, 12.32, 12.131905, 12.31172 ] }, { "date": "2024-11-15", "close": 12.05, "volume": 123693, "typical_volume": 353325.65, "trend": 12.468333, "fair_value": 14.678526, "relative_strength": -16.203918, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.811772, "energy": 11.454157, "activity_lines": [ 12.243333, 12.305455, 12.107381, 12.285054 ] }, { "date": "2024-11-22", "close": 12.4, "volume": 430077, "typical_volume": 357251.05, "trend": 12.475, "fair_value": 14.655769, "relative_strength": -13.72693, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.379595, "energy": 10.17979, "activity_lines": [ 12.293333, 12.337273, 12.123571, 12.280645 ] }, { "date": "2024-11-29", "close": 11.8, "volume": 156536, "typical_volume": 332619.05, "trend": 12.455, "fair_value": 14.616026, "relative_strength": -14.746953, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.898089, "energy": 17.851227, "activity_lines": [ 12.126667, 12.241818, 12.088571, 12.237097 ] }, { "date": "2024-12-06", "close": 11.3, "volume": 278155, "typical_volume": 326432.0, "trend": 12.421667, "fair_value": 14.572756, "relative_strength": -20.742975, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.196311, "energy": 33.296684, "activity_lines": [ 11.82, 12.054545, 12.014762, 12.162581 ] }, { "date": "2024-12-13", "close": 12.4, "volume": 304243, "typical_volume": 331120.5, "trend": 12.408333, "fair_value": 14.536218, "relative_strength": -11.63507, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.560595, "energy": 16.228674, "activity_lines": [ 11.963333, 12.082727, 12.056905, 12.161183 ] }, { "date": "2024-12-20", "close": 11.75, "volume": 323172, "typical_volume": 309421.15, "trend": 12.363333, "fair_value": 14.490705, "relative_strength": -13.521891, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.44991, "energy": 25.582238, "activity_lines": [ 11.883333, 12.002727, 12.040476, 12.11871 ] }, { "date": "2024-12-27", "close": 13.2, "volume": 876741, "typical_volume": 309142.55, "trend": 12.348333, "fair_value": 14.458013, "relative_strength": -5.384044, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.188047, "energy": 2.120919, "activity_lines": [ 12.306667, 12.204545, 12.16381, 12.172688 ] }, { "date": "2025-01-03", "close": 12.0, "volume": 485598, "typical_volume": 320936.05, "trend": 12.311667, "fair_value": 14.417308, "relative_strength": -11.819137, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.581512, "energy": 9.261698, "activity_lines": [ 12.276667, 12.169091, 12.164524, 12.150215 ] }, { "date": "2025-01-10", "close": 11.9, "volume": 486614, "typical_volume": 330780.8, "trend": 12.278333, "fair_value": 14.378846, "relative_strength": -12.169213, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.53837, "energy": 10.745872, "activity_lines": [ 12.2, 12.119091, 12.15381, 12.123656 ] }, { "date": "2025-01-17", "close": 11.3, "volume": 163016, "typical_volume": 324959.2, "trend": 12.208333, "fair_value": 14.319231, "relative_strength": -16.273597, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.194142, "energy": 16.389449, "activity_lines": [ 11.883333, 11.971818, 12.08119, 12.060538 ] }, { "date": "2025-01-24", "close": 11.45, "volume": 70131, "typical_volume": 303719.25, "trend": 12.136667, "fair_value": 14.26859, "relative_strength": -15.759899, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.631044, "energy": 30.626102, "activity_lines": [ 11.69, 11.87, 12.022143, 12.011613 ] }, { "date": "2025-02-07", "close": 11.35, "volume": 164626, "typical_volume": 302664.3, "trend": 12.06, "fair_value": 14.222756, "relative_strength": -15.507401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.920474, "energy": 41.724996, "activity_lines": [ 11.483333, 11.760909, 11.951905, 11.96086 ] }, { "date": "2025-02-14", "close": 11.5, "volume": 108966, "typical_volume": 299184.6, "trend": 11.988333, "fair_value": 14.180128, "relative_strength": -12.370903, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.782558, "energy": 42.532206, "activity_lines": [ 11.45, 11.698182, 11.89619, 11.924731 ] }, { "date": "2025-02-21", "close": 11.4, "volume": 164259, "typical_volume": 294341.45, "trend": 11.913333, "fair_value": 14.142949, "relative_strength": -14.442282, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.291271, "energy": 37.746154, "activity_lines": [ 11.416667, 11.622727, 11.832143, 11.886774 ] }, { "date": "2025-02-28", "close": 11.3, "volume": 225450, "typical_volume": 274875.05, "trend": 11.853333, "fair_value": 14.108654, "relative_strength": -12.009422, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.639319, "energy": 33.973208, "activity_lines": [ 11.383333, 11.527273, 11.762143, 11.847204 ] }, { "date": "2025-03-07", "close": 11.4, "volume": 84552, "typical_volume": 263696.65, "trend": 11.83, "fair_value": 14.078205, "relative_strength": -8.699263, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.872692, "energy": 25.630397, "activity_lines": [ 11.383333, 11.47, 11.709524, 11.817957 ] }, { "date": "2025-03-14", "close": 11.25, "volume": 170682, "typical_volume": 264057.1, "trend": 11.823333, "fair_value": 14.04968, "relative_strength": -6.937846, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.244773, "energy": 27.87724, "activity_lines": [ 11.336667, 11.391818, 11.649048, 11.780538 ] }, { "date": "2025-03-21", "close": 10.85, "volume": 183080, "typical_volume": 262252.25, "trend": 11.798333, "fair_value": 14.025, "relative_strength": -10.732007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.405808, "energy": 40.681885, "activity_lines": [ 11.163333, 11.276364, 11.554762, 11.717742 ] }, { "date": "2025-03-28", "close": 10.9, "volume": 36050, "typical_volume": 256257.75, "trend": 11.798333, "fair_value": 14.007051, "relative_strength": -7.467588, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.967244, "energy": 46.739347, "activity_lines": [ 11.05, 11.190909, 11.471667, 11.659785 ] }, { "date": "2025-04-04", "close": 10.75, "volume": 80219, "typical_volume": 245793.0, "trend": 11.785, "fair_value": 13.975, "relative_strength": -7.127796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.963179, "energy": 59.596573, "activity_lines": [ 10.92, 11.096364, 11.382143, 11.592151 ] }, { "date": "2025-04-11", "close": 9.36, "volume": 374385, "typical_volume": 258327.6, "trend": 11.727, "fair_value": 13.934038, "relative_strength": -11.47805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.252164, "energy": 81.235984, "activity_lines": [ 10.363333, 10.759091, 11.167619, 11.435699 ] }, { "date": "2025-04-18", "close": 9.28, "volume": 572161, "typical_volume": 265431.8, "trend": 11.656333, "fair_value": 13.891603, "relative_strength": -11.351878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.836997, "energy": 86.596211, "activity_lines": [ 9.916, 10.445273, 10.958286, 11.277828 ] }, { "date": "2025-04-25", "close": 9.34, "volume": 236278, "typical_volume": 269418.9, "trend": 11.576, "fair_value": 13.82391, "relative_strength": -12.488723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.454781, "energy": 86.150237, "activity_lines": [ 9.62, 10.18, 10.769524, 11.128387 ] }, { "date": "2025-05-02", "close": 9.49, "volume": 134486, "typical_volume": 262235.45, "trend": 11.487333, "fair_value": 13.769679, "relative_strength": -14.538229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.913738, "energy": 83.382641, "activity_lines": [ 9.474667, 9.981273, 10.606762, 10.993806 ] }, { "date": "2025-05-09", "close": 9.45, "volume": 193421, "typical_volume": 256694.35, "trend": 11.370667, "fair_value": 13.718718, "relative_strength": -14.93265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.713528, "energy": 75.820927, "activity_lines": [ 9.41, 9.81, 10.44881, 10.862366 ] }, { "date": "2025-05-16", "close": 11.0, "volume": 645714, "typical_volume": 272821.45, "trend": 11.312333, "fair_value": 13.686987, "relative_strength": -4.878253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.395334, "energy": 37.723278, "activity_lines": [ 9.948667, 9.954182, 10.452524, 10.838452 ] }, { "date": "2025-05-23", "close": 11.2, "volume": 515175, "typical_volume": 254743.15, "trend": 11.280667, "fair_value": 13.655577, "relative_strength": -1.990337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.399313, "energy": 16.397772, "activity_lines": [ 10.444667, 10.142, 10.478857, 10.831204 ] }, { "date": "2025-05-30", "close": 11.35, "volume": 313539, "typical_volume": 246140.2, "trend": 11.252333, "fair_value": 13.623205, "relative_strength": 1.019995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.819791, "energy": 19.441954, "activity_lines": [ 10.862667, 10.358, 10.529, 10.835677 ] }, { "date": "2025-06-06", "close": 12.0, "volume": 534632, "typical_volume": 248541.1, "trend": 11.234, "fair_value": 13.600449, "relative_strength": 5.609967, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.905039, "energy": 36.128528, "activity_lines": [ 11.363333, 10.683091, 10.644143, 10.883914 ] }, { "date": "2025-06-13", "close": 11.05, "volume": 95970, "typical_volume": 245188.8, "trend": 11.192333, "fair_value": 13.574487, "relative_strength": -4.220728, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.339187, "energy": 28.267323, "activity_lines": [ 11.38, 10.815455, 10.668333, 10.872043 ] }, { "date": "2025-06-20", "close": 10.3, "volume": 153805, "typical_volume": 249372.5, "trend": 11.134, "fair_value": 13.540513, "relative_strength": -10.2614, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -13.291325, "energy": 17.280134, "activity_lines": [ 11.04, 10.806, 10.622286, 10.814473 ] }, { "date": "2025-06-27", "close": 10.05, "volume": 68034, "typical_volume": 244542.9, "trend": 11.055667, "fair_value": 13.508462, "relative_strength": -14.095336, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.255114, "energy": 14.63477, "activity_lines": [ 10.663333, 10.734, 10.557905, 10.744538 ] }, { "date": "2025-07-04", "close": 10.0, "volume": 85530, "typical_volume": 243371.1, "trend": 10.995667, "fair_value": 13.483462, "relative_strength": -13.929696, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.871922, "energy": 26.658205, "activity_lines": [ 10.346667, 10.638909, 10.494952, 10.67643 ] }, { "date": "2025-07-11", "close": 10.1, "volume": 63397, "typical_volume": 238328.0, "trend": 10.955667, "fair_value": 13.461026, "relative_strength": -13.408722, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.41046, "energy": 33.029943, "activity_lines": [ 10.153333, 10.55, 10.448667, 10.618645 ] }, { "date": "2025-07-18", "close": 10.35, "volume": 156439, "typical_volume": 234877.45, "trend": 10.887333, "fair_value": 13.437949, "relative_strength": -13.247233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.844583, "energy": 34.692691, "activity_lines": [ 10.17, 10.495455, 10.432381, 10.57957 ] }, { "date": "2025-07-25", "close": 10.05, "volume": 89710, "typical_volume": 235135.35, "trend": 10.830667, "fair_value": 13.416154, "relative_strength": -15.161054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.303199, "energy": 44.541239, "activity_lines": [ 10.133333, 10.37, 10.392048, 10.525548 ] }, { "date": "2025-08-01", "close": 10.1, "volume": 160173, "typical_volume": 234609.9, "trend": 10.727333, "fair_value": 13.394679, "relative_strength": -14.470522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.486311, "energy": 33.003708, "activity_lines": [ 10.13, 10.270909, 10.362905, 10.478409 ] }, { "date": "2025-08-08", "close": 10.1, "volume": 295971, "typical_volume": 240254.45, "trend": 10.664, "fair_value": 13.375769, "relative_strength": -16.116008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.568464, "energy": 26.504046, "activity_lines": [ 10.123333, 10.191818, 10.339238, 10.437935 ] }, { "date": "2025-08-15", "close": 9.95, "volume": 307044, "typical_volume": 253804.15, "trend": 10.599, "fair_value": 13.355577, "relative_strength": -18.034148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.445919, "energy": 30.740998, "activity_lines": [ 10.06, 10.108182, 10.304857, 10.391871 ] }, { "date": "2025-08-22", "close": 9.84, "volume": 245008, "typical_volume": 262043.6, "trend": 10.550333, "fair_value": 13.332756, "relative_strength": -16.658778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.798303, "energy": 32.82291, "activity_lines": [ 9.97, 10.041818, 10.264524, 10.342903 ] }, { "date": "2025-08-29", "close": 9.67, "volume": 335231, "typical_volume": 260085.9, "trend": 10.491, "fair_value": 13.303077, "relative_strength": -19.392666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.33359, "energy": 42.176745, "activity_lines": [ 9.857333, 9.966545, 10.212333, 10.286108 ] }, { "date": "2025-09-05", "close": 9.4, "volume": 309774, "typical_volume": 246966.55, "trend": 10.426, "fair_value": 13.273269, "relative_strength": -22.125981, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.812764, "energy": 56.278643, "activity_lines": [ 9.68, 9.853636, 10.132952, 10.21572 ] }, { "date": "2025-09-12", "close": 10.0, "volume": 398028, "typical_volume": 255054.05, "trend": 10.376, "fair_value": 13.246346, "relative_strength": -19.951108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.1555, "energy": 38.680884, "activity_lines": [ 9.749333, 9.861636, 10.110143, 10.188237 ] }, { "date": "2025-09-19", "close": 9.75, "volume": 269482, "typical_volume": 261803.85, "trend": 10.321, "fair_value": 13.218141, "relative_strength": -21.831326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.18564, "energy": 33.298999, "activity_lines": [ 9.742, 9.824182, 10.060381, 10.147849 ] }, { "date": "2025-09-26", "close": 10.1, "volume": 248796, "typical_volume": 264572.6, "trend": 10.281, "fair_value": 13.188333, "relative_strength": -18.596735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.629158, "energy": 19.978258, "activity_lines": [ 9.864667, 9.856727, 10.042714, 10.133591 ] }, { "date": "2025-10-03", "close": 10.0, "volume": 113409, "typical_volume": 237957.35, "trend": 10.234333, "fair_value": 13.162372, "relative_strength": -22.471008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.767239, "energy": 14.523992, "activity_lines": [ 9.936667, 9.875636, 10.012429, 10.115462 ] }, { "date": "2025-10-10", "close": 9.88, "volume": 62852, "typical_volume": 215341.2, "trend": 10.188667, "fair_value": 13.142051, "relative_strength": -24.25767, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.024767, "energy": 13.311144, "activity_lines": [ 9.946667, 9.873636, 9.975476, 10.092602 ] }, { "date": "2025-10-17", "close": 9.8, "volume": 68730, "typical_volume": 203100.75, "trend": 10.153667, "fair_value": 13.120897, "relative_strength": -24.269315, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.67264, "energy": 13.654408, "activity_lines": [ 9.898, 9.861091, 9.93719, 10.067527 ] }, { "date": "2025-10-24", "close": 9.6, "volume": 132811, "typical_volume": 183009.7, "trend": 10.110333, "fair_value": 13.103269, "relative_strength": -25.927508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.953809, "energy": 22.822044, "activity_lines": [ 9.796, 9.817636, 9.887238, 10.031806 ] }, { "date": "2025-10-31", "close": 9.49, "volume": 186150, "typical_volume": 187518.7, "trend": 10.068333, "fair_value": 13.087179, "relative_strength": -28.046646, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.113379, "energy": 31.779126, "activity_lines": [ 9.667333, 9.760545, 9.838238, 9.991785 ] }, { "date": "2025-11-07", "close": 9.1, "volume": 59283, "typical_volume": 182792.6, "trend": 10.059667, "fair_value": 13.069551, "relative_strength": -28.902326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.068636, "energy": 48.7189, "activity_lines": [ 9.449333, 9.638909, 9.759524, 9.929312 ] }, { "date": "2025-11-14", "close": 9.1, "volume": 136397, "typical_volume": 186210.75, "trend": 10.053667, "fair_value": 13.05, "relative_strength": -27.672305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.716, "energy": 55.639952, "activity_lines": [ 9.291333, 9.527636, 9.686524, 9.867398 ] }, { "date": "2025-11-21", "close": 9.46, "volume": 62433, "typical_volume": 185055.9, "trend": 10.057667, "fair_value": 13.033397, "relative_strength": -21.507883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.288563, "energy": 50.283388, "activity_lines": [ 9.305333, 9.487273, 9.652333, 9.829097 ] }, { "date": "2025-11-28", "close": 9.03, "volume": 131422, "typical_volume": 188457.15, "trend": 10.042333, "fair_value": 13.014038, "relative_strength": -27.652577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.255021, "energy": 51.797455, "activity_lines": [ 9.198667, 9.378545, 9.579762, 9.762796 ] }, { "date": "2025-12-05", "close": 8.84, "volume": 486639, "typical_volume": 204967.15, "trend": 10.022, "fair_value": 12.992179, "relative_strength": -29.428756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.004278, "energy": 50.081828, "activity_lines": [ 9.066667, 9.248364, 9.49419, 9.685226 ] }, { "date": "2025-12-12", "close": 8.9, "volume": 508963, "typical_volume": 225929.8, "trend": 9.952, "fair_value": 12.969423, "relative_strength": -28.973341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.873959, "energy": 50.250429, "activity_lines": [ 8.998, 9.152, 9.421524, 9.612839 ] }, { "date": "2025-12-19", "close": 8.45, "volume": 238920, "typical_volume": 229867.15, "trend": 9.860333, "fair_value": 12.944744, "relative_strength": -30.642077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.067611, "energy": 65.855374, "activity_lines": [ 8.792667, 8.993818, 9.311476, 9.515935 ] }, { "date": "2025-12-26", "close": 7.57, "volume": 567420, "typical_volume": 243439.6, "trend": 9.734333, "fair_value": 12.911218, "relative_strength": -39.051201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.862736, "energy": 84.988988, "activity_lines": [ 8.337333, 8.701636, 9.125476, 9.368172 ] }, { "date": "2026-01-02", "close": 7.75, "volume": 159091, "typical_volume": 236041.95, "trend": 9.592667, "fair_value": 12.883654, "relative_strength": -38.465022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.201539, "energy": 85.528947, "activity_lines": [ 8.068, 8.482727, 8.968667, 9.240151 ] }, { "date": "2026-01-09", "close": 8.02, "volume": 467961, "typical_volume": 247189.6, "trend": 9.491667, "fair_value": 12.857821, "relative_strength": -37.570927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.119173, "energy": 79.685686, "activity_lines": [ 7.974, 8.346545, 8.848048, 9.138688 ] }, { "date": "2026-01-16", "close": 8.51, "volume": 2790914, "typical_volume": 369973.75, "trend": 9.432, "fair_value": 12.835449, "relative_strength": -35.397189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.116776, "energy": 53.772743, "activity_lines": [ 8.098, 8.326182, 8.782762, 9.075355 ] }, { "date": "2026-01-23", "close": 7.89, "volume": 942140, "typical_volume": 401592.05, "trend": 9.36, "fair_value": 12.803654, "relative_strength": -40.481288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.835292, "energy": 44.717643, "activity_lines": [ 8.041333, 8.203818, 8.663952, 8.975871 ] }, { "date": "2026-01-30", "close": 8.0, "volume": 2424223, "typical_volume": 502901.8, "trend": 9.293333, "fair_value": 12.772885, "relative_strength": -39.174956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.39678, "energy": 35.593393, "activity_lines": [ 8.058667, 8.123455, 8.56281, 8.888129 ] }, { "date": "2026-02-06", "close": 8.32, "volume": 558780, "typical_volume": 517366.7, "trend": 9.234, "fair_value": 12.747051, "relative_strength": -35.512908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.633808, "energy": 25.791025, "activity_lines": [ 8.154, 8.127818, 8.501667, 8.825333 ] }, { "date": "2026-02-13", "close": 8.31, "volume": 65412, "typical_volume": 508197.5, "trend": 9.166, "fair_value": 12.71891, "relative_strength": -38.35562, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.16688, "energy": 24.366543, "activity_lines": [ 8.208, 8.143273, 8.446381, 8.76572 ] }, { "date": "2026-02-27", "close": 8.0, "volume": 232887, "typical_volume": 514171.4, "trend": 9.097667, "fair_value": 12.66891, "relative_strength": -42.990663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.352508, "energy": 24.095299, "activity_lines": [ 8.139333, 8.112, 8.370095, 8.690495 ] }, { "date": "2026-03-06", "close": 7.99, "volume": 206217, "typical_volume": 521339.65, "trend": 9.027333, "fair_value": 12.604103, "relative_strength": -39.242122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.524253, "energy": 23.083416, "activity_lines": [ 8.101333, 8.095273, 8.302381, 8.619032 ] }, { "date": "2026-03-13", "close": 7.1, "volume": 1696851, "typical_volume": 602745.7, "trend": 8.927333, "fair_value": 12.521731, "relative_strength": -44.896234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.889091, "energy": 37.233988, "activity_lines": [ 7.76, 7.925091, 8.158905, 8.494688 ] }, { "date": "2026-03-20", "close": 6.7, "volume": 586291, "typical_volume": 625419.7, "trend": 8.819, "fair_value": 12.438397, "relative_strength": -47.404204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.853952, "energy": 57.006722, "activity_lines": [ 7.345333, 7.690727, 7.99019, 8.350989 ] }, { "date": "2026-03-27", "close": 6.7, "volume": 792094, "typical_volume": 655716.9, "trend": 8.714333, "fair_value": 12.361474, "relative_strength": -45.935601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.630181, "energy": 64.753347, "activity_lines": [ 7.038667, 7.475455, 7.835286, 8.21428 ] }, { "date": "2026-04-03", "close": 5.59, "volume": 1125651, "typical_volume": 709035.3, "trend": 8.578333, "fair_value": 12.28, "relative_strength": -53.346357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.49662, "energy": 79.022305, "activity_lines": [ 6.469333, 7.082364, 7.587952, 8.01271 ] }, { "date": "2026-04-10", "close": 7.46, "volume": 1814949, "typical_volume": 792962.9, "trend": 8.513667, "fair_value": 12.205385, "relative_strength": -41.847263, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.731011, "energy": 56.283205, "activity_lines": [ 6.684, 7.082364, 7.535429, 7.940559 ] }, { "date": "2026-04-17", "close": 12.9, "volume": 12683824, "typical_volume": 1424032.45, "trend": 8.610333, "fair_value": 12.156987, "relative_strength": -2.563006, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.300886, "energy": 20.638971, "activity_lines": [ 8.747333, 8.079273, 8.00881, 8.223548 ] }, { "date": "2026-04-24", "close": 10.55, "volume": 7080229, "typical_volume": 1771472.8, "trend": 8.637, "fair_value": 12.095769, "relative_strength": -23.823885, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.082948, "energy": 28.699856, "activity_lines": [ 9.640667, 8.559818, 8.242, 8.348688 ] }, { "date": "2026-05-01", "close": 11.4, "volume": 2431227, "typical_volume": 1868702.2, "trend": 8.680333, "fair_value": 12.042885, "relative_strength": -16.878323, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.640167, "energy": 42.03061, "activity_lines": [ 10.560667, 9.154364, 8.548905, 8.526946 ] }, { "date": "2026-05-08", "close": 10.3, "volume": 2013816, "typical_volume": 1943944.85, "trend": 8.690333, "fair_value": 11.987115, "relative_strength": -28.921125, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.772353, "energy": 44.237989, "activity_lines": [ 10.800667, 9.492727, 8.738857, 8.631441 ] }, { "date": "2026-05-15", "close": 7.97, "volume": 1387964, "typical_volume": 2001397.05, "trend": 8.626667, "fair_value": 11.918974, "relative_strength": -43.619701, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.892133, "energy": 31.970787, "activity_lines": [ 9.95, 9.365636, 8.700238, 8.584968 ] }, { "date": "2026-05-22", "close": 9.09, "volume": 719697, "typical_volume": 2009010.9, "trend": 8.603, "fair_value": 11.861859, "relative_strength": -36.334674, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 37.279834, "energy": 20.745473, "activity_lines": [ 9.438667, 9.442545, 8.770571, 8.61486 ] }, { "date": "2026-05-29", "close": 8.17, "volume": 791468, "typical_volume": 2040629.75, "trend": 8.555333, "fair_value": 11.799487, "relative_strength": -44.881362, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.166215, "energy": 14.932155, "activity_lines": [ 8.874667, 9.316, 8.746048, 8.586925 ] }, { "date": "2026-06-05", "close": 8.45, "volume": 1140880, "typical_volume": 2074275.7, "trend": 8.520667, "fair_value": 11.739551, "relative_strength": -42.266575, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.227508, "energy": 17.329012, "activity_lines": [ 8.562667, 9.213636, 8.74619, 8.580129 ] }, { "date": "2026-06-12", "close": 7.65, "volume": 492580, "typical_volume": 1959359.0, "trend": 8.472333, "fair_value": 11.677692, "relative_strength": -45.4347, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.065372, "energy": 11.318714, "activity_lines": [ 8.180667, 8.934, 8.668095, 8.523957 ] }, { "date": "2026-06-19", "close": 7.33, "volume": 374532, "typical_volume": 1930978.6, "trend": 8.413333, "fair_value": 11.608013, "relative_strength": -49.246547, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.033464, "energy": 17.127618, "activity_lines": [ 7.868667, 8.558727, 8.563619, 8.450258 ] }, { "date": "2026-06-26", "close": 6.99, "volume": 651923, "typical_volume": 1842363.6, "trend": 8.331, "fair_value": 11.536474, "relative_strength": -48.556796, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.002032, "energy": 23.039007, "activity_lines": [ 7.486, 8.124, 8.429429, 8.35843 ] }, { "date": "2026-07-03", "close": 7.07, "volume": 400676, "typical_volume": 1834458.4, "trend": 8.265667, "fair_value": 11.467051, "relative_strength": -49.4882, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.238444, "energy": 27.953999, "activity_lines": [ 7.27, 7.811273, 8.307667, 8.277075 ] }, { "date": "2026-07-10", "close": 7.62, "volume": 517159, "typical_volume": 1857045.75, "trend": 8.225, "fair_value": 11.401154, "relative_strength": -42.834751, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.64338, "energy": 22.874877, "activity_lines": [ 7.310667, 7.661818, 8.244238, 8.235419 ] }, { "date": "2026-07-17", "close": 8.95, "volume": 1421602, "typical_volume": 1916481.5, "trend": 8.226667, "fair_value": 11.344103, "relative_strength": -27.524265, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.523007, "energy": 9.323747, "activity_lines": [ 7.85, 7.822909, 8.310762, 8.282194 ] }, { "date": "2026-07-24", "close": 7.56, "volume": 996741, "typical_volume": 1956007.7, "trend": 8.197, "fair_value": 11.289038, "relative_strength": -39.0686, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.99686, "energy": 4.991531, "activity_lines": [ 7.839333, 7.755818, 8.240381, 8.239183 ] }, { "date": "2026-07-31", "close": 7.15, "volume": 438371, "typical_volume": 1893083.7, "trend": 8.183, "fair_value": 11.229744, "relative_strength": -40.595523, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.956055, "energy": 18.827518, "activity_lines": [ 7.676667, 7.621636, 8.133, 8.171634 ] }, { "date": "2026-08-07", "close": 7.0, "volume": 152989, "typical_volume": 1871418.6, "trend": 8.158, "fair_value": 11.171731, "relative_strength": -42.210628, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.173808, "energy": 26.945704, "activity_lines": [ 7.453333, 7.495455, 8.011095, 8.095312 ] }, { "date": "2026-08-14", "close": 7.24, "volume": 813932, "typical_volume": 1872510.5, "trend": 8.132, "fair_value": 11.113333, "relative_strength": -41.214237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.67821, "energy": 42.221151, "activity_lines": [ 7.314667, 7.434182, 7.910619, 8.036086 ] } ], "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." } } }