{ "ticker": { "uuid": "2162a624-6497-4f75-a8a3-a9524ec7dadd", "symbol": "AGRO", "name": "Adecoagro SA", "exchange": "NYSE", "country": "US", "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": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 77.306, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -39.656, "architecture_energy": 33.022, "architecture_maturity": 18.021, "architecture_confidence": 79.452, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 35.96, "rotation_up": 31.09, "upward_expansion": 16.2, "deceleration": 57.52, "rotation_down": 44.14, "downward_expansion": 44.2 }, "activity_lines": [ 9.954667, 9.990909, 10.870632, 11.17472 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 9.45, "trend_reference": 11.022003, "distance_from_trend": -0.142624, "trend_direction": "Improving", "fair_value": 9.725822, "distance_from_fair_value": -0.02836, "fair_value_direction": "Weakening", "relative_strength": -12.730268, "relative_strength_direction": "Weakening", "price_momentum": 0.111493, "excess_performance": -0.014132, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.142624, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.077883, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.02836, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.400714, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.127303, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.391099, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.111493, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.587407, "read": "Supply-led" } ], "volume": { "latest": 3772015, "relative_activity": 0.706526, "balance": 0.587407, "dry_up": 0.642345, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.123556, "annualized_volatility": 0.653278, "from_high_reference": -0.400535, "from_low_reference": 0.38251 }, "levels": { "trend_reference": 11.022003, "fair_value_reference": 9.725822, "structural_low": 8.383031, "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": 11, "median_return": -0.054752, "positive_rate": 0.181818, "directional_follow_through": 0.181818, "median_excess_return": -0.08063, "regime_survival": 0.636364, "best_return": 0.08787, "worst_return": -0.222331, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.069268, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.137029, "regime_survival": 0.0, "best_return": -0.06199, "worst_return": -0.079665, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.213837, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.229218, "regime_survival": 0.0, "best_return": 0.020422, "worst_return": -0.228808, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.04317, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.199124, "regime_survival": 0.0, "best_return": 0.069753, "worst_return": -0.156093, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": 0.106736, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.004608, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-21", "end": "2025-04-25", "tenure": "Developing", "return": -0.084026, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-09", "tenure": "New", "return": 0.014739, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": 0.041667, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-30", "end": "2025-07-18", "tenure": "Developing", "return": 0.031487, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": -0.06871, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2026-01-02", "tenure": "Established", "return": -0.126411, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": 0.069461, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-20", "tenure": "New", "return": 0.038375, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-05-08", "tenure": "Developing", "return": 0.490416, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-15", "end": "2026-06-26", "tenure": "Developing", "return": -0.282227, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": 0.09751, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.052156, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.434202, "volume": 4664808, "typical_volume": 2828266.6, "trend": 8.037738, "fair_value": 7.504293, "relative_strength": 12.981786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.264004, "energy": 51.955861, "activity_lines": [ 9.422084, 9.269281, 8.888011, 8.498717 ] }, { "date": "2023-08-25", "close": 10.288552, "volume": 3355296, "typical_volume": 2890985.05, "trend": 8.13093, "fair_value": 7.540572, "relative_strength": 21.935083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.276796, "energy": 59.245897, "activity_lines": [ 9.677783, 9.479646, 9.059179, 8.643931 ] }, { "date": "2023-09-01", "close": 10.661194, "volume": 2331645, "typical_volume": 2805501.9, "trend": 8.233571, "fair_value": 7.580403, "relative_strength": 22.783986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.495429, "energy": 64.333532, "activity_lines": [ 10.019523, 9.733307, 9.250484, 8.807174 ] }, { "date": "2023-09-08", "close": 10.570305, "volume": 2057370, "typical_volume": 2737211.95, "trend": 8.355779, "fair_value": 7.619873, "relative_strength": 22.782111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.103227, "energy": 76.830967, "activity_lines": [ 10.273404, 9.937723, 9.420509, 8.957931 ] }, { "date": "2023-09-15", "close": 10.652105, "volume": 1898346, "typical_volume": 2710384.6, "trend": 8.471199, "fair_value": 7.660863, "relative_strength": 23.246157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.781, "energy": 86.162166, "activity_lines": [ 10.502442, 10.1195, 9.582141, 9.106081 ] }, { "date": "2023-09-22", "close": 10.324907, "volume": 1783179, "typical_volume": 2689879.0, "trend": 8.570361, "fair_value": 7.701473, "relative_strength": 22.391453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.199643, "energy": 75.393652, "activity_lines": [ 10.503654, 10.206752, 9.697821, 9.225675 ] }, { "date": "2023-09-29", "close": 10.624838, "volume": 2429928, "typical_volume": 2610924.25, "trend": 8.685169, "fair_value": 7.743174, "relative_strength": 26.291656, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.151288, "energy": 59.786773, "activity_lines": [ 10.545462, 10.318462, 9.82909, 9.358222 ] }, { "date": "2023-10-06", "close": 9.788666, "volume": 2275881, "typical_volume": 2587497.9, "trend": 8.779539, "fair_value": 7.778741, "relative_strength": 15.577523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.886144, "energy": 44.067227, "activity_lines": [ 10.286128, 10.261616, 9.867782, 9.429415 ] }, { "date": "2023-10-13", "close": 9.715956, "volume": 2058964, "typical_volume": 2508391.7, "trend": 8.884567, "fair_value": 7.813453, "relative_strength": 13.951311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.267761, "energy": 27.525912, "activity_lines": [ 10.060725, 10.191714, 9.89111, 9.489829 ] }, { "date": "2023-10-20", "close": 9.970443, "volume": 2566011, "typical_volume": 2431787.5, "trend": 8.987969, "fair_value": 7.849797, "relative_strength": 19.505415, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.934493, "energy": 21.905181, "activity_lines": [ 9.977108, 10.169406, 9.931707, 9.559886 ] }, { "date": "2023-10-27", "close": 9.815933, "volume": 2310683, "typical_volume": 2372078.4, "trend": 9.074625, "fair_value": 7.885926, "relative_strength": 20.114496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.265505, "energy": 23.903394, "activity_lines": [ 9.887432, 10.099008, 9.949452, 9.613303 ] }, { "date": "2023-11-03", "close": 10.061331, "volume": 1557543, "typical_volume": 2326779.1, "trend": 9.174515, "fair_value": 7.924292, "relative_strength": 16.016567, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.524565, "energy": 18.785264, "activity_lines": [ 9.913486, 10.066289, 9.985158, 9.676961 ] }, { "date": "2023-11-10", "close": 9.490861, "volume": 1740523, "typical_volume": 2333882.65, "trend": 9.223872, "fair_value": 7.956178, "relative_strength": 7.564302, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.206484, "energy": 9.711946, "activity_lines": [ 9.786951, 9.933978, 9.96121, 9.697371 ] }, { "date": "2023-11-17", "close": 9.666276, "volume": 3810585, "typical_volume": 2414714.65, "trend": 9.307026, "fair_value": 7.98476, "relative_strength": 6.754377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.304848, "energy": 11.378612, "activity_lines": [ 9.738742, 9.85484, 9.950972, 9.725913 ] }, { "date": "2023-11-24", "close": 10.497188, "volume": 4244094, "typical_volume": 2558301.35, "trend": 9.405389, "fair_value": 8.017616, "relative_strength": 14.285707, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.648914, "energy": 21.469967, "activity_lines": [ 9.970815, 9.943214, 10.014349, 9.802698 ] }, { "date": "2023-12-01", "close": 10.340238, "volume": 3908474, "typical_volume": 2637729.4, "trend": 9.496736, "fair_value": 8.048912, "relative_strength": 11.108861, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.868431, "energy": 22.738507, "activity_lines": [ 10.115455, 10.005869, 10.05434, 9.86301 ] }, { "date": "2023-12-08", "close": 9.638579, "volume": 7561209, "typical_volume": 2840903.55, "trend": 9.554446, "fair_value": 8.075379, "relative_strength": 2.963963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.803235, "energy": 13.565669, "activity_lines": [ 9.991255, 9.94067, 10.019557, 9.872162 ] }, { "date": "2023-12-15", "close": 10.515652, "volume": 4743989, "typical_volume": 2983447.85, "trend": 9.637756, "fair_value": 8.107799, "relative_strength": 9.186998, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.118011, "energy": 26.445178, "activity_lines": [ 10.187596, 10.05287, 10.068673, 9.934175 ] }, { "date": "2023-12-22", "close": 10.238682, "volume": 2435170, "typical_volume": 3015435.8, "trend": 9.703957, "fair_value": 8.140216, "relative_strength": 5.17146, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.785894, "energy": 24.223056, "activity_lines": [ 10.223295, 10.101495, 10.087992, 9.972944 ] }, { "date": "2023-12-29", "close": 10.247914, "volume": 1080526, "typical_volume": 2940711.2, "trend": 9.770163, "fair_value": 8.168264, "relative_strength": 4.70972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.861798, "energy": 22.922532, "activity_lines": [ 10.22391, 10.142294, 10.106048, 10.008038 ] }, { "date": "2024-01-05", "close": 9.961711, "volume": 1573009, "typical_volume": 2786121.25, "trend": 9.812892, "fair_value": 8.191819, "relative_strength": 3.14279, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.372226, "energy": 21.515691, "activity_lines": [ 10.145743, 10.126012, 10.090288, 10.020396 ] }, { "date": "2024-01-12", "close": 9.832458, "volume": 2568645, "typical_volume": 2746788.7, "trend": 9.842528, "fair_value": 8.210726, "relative_strength": -0.213446, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.483605, "energy": 8.531036, "activity_lines": [ 10.049726, 10.083578, 10.059706, 10.021658 ] }, { "date": "2024-01-19", "close": 9.352376, "volume": 3057408, "typical_volume": 2783076.85, "trend": 9.858887, "fair_value": 8.227774, "relative_strength": -6.251636, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.821978, "energy": 18.758128, "activity_lines": [ 9.780757, 9.958018, 9.985574, 9.990036 ] }, { "date": "2024-01-26", "close": 9.398537, "volume": 2992771, "typical_volume": 2829846.9, "trend": 9.8886, "fair_value": 8.246723, "relative_strength": -6.79745, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.804986, "energy": 31.773468, "activity_lines": [ 9.604727, 9.843369, 9.922071, 9.960336 ] }, { "date": "2024-02-02", "close": 9.749367, "volume": 2808949, "typical_volume": 2875377.05, "trend": 9.922736, "fair_value": 8.264544, "relative_strength": -4.768847, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.056152, "energy": 33.476372, "activity_lines": [ 9.601649, 9.797375, 9.89756, 9.951353 ] }, { "date": "2024-02-09", "close": 9.075405, "volume": 2886182, "typical_volume": 2930527.2, "trend": 9.936225, "fair_value": 8.277325, "relative_strength": -12.638935, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.711355, "energy": 57.850614, "activity_lines": [ 9.407154, 9.642439, 9.813161, 9.896687 ] }, { "date": "2024-02-16", "close": 9.158496, "volume": 2532471, "typical_volume": 2935654.35, "trend": 9.917643, "fair_value": 8.289863, "relative_strength": -11.574561, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.940524, "energy": 54.596639, "activity_lines": [ 9.299443, 9.525608, 9.742625, 9.84651 ] }, { "date": "2024-02-23", "close": 9.186193, "volume": 1447990, "typical_volume": 2894259.8, "trend": 9.897258, "fair_value": 8.303077, "relative_strength": -12.703888, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.461537, "energy": 52.466667, "activity_lines": [ 9.245896, 9.422541, 9.68171, 9.79932 ] }, { "date": "2024-03-01", "close": 9.306214, "volume": 2214470, "typical_volume": 2902035.1, "trend": 9.881176, "fair_value": 8.316895, "relative_strength": -12.434377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.560752, "energy": 51.772896, "activity_lines": [ 9.243434, 9.365469, 9.635094, 9.761188 ] }, { "date": "2024-03-08", "close": 9.333911, "volume": 1707236, "typical_volume": 2859096.35, "trend": 9.896616, "fair_value": 8.326849, "relative_strength": -11.974533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.508948, "energy": 49.068525, "activity_lines": [ 9.256359, 9.330386, 9.593067, 9.725881 ] }, { "date": "2024-03-15", "close": 9.260052, "volume": 2499143, "typical_volume": 2868519.35, "trend": 9.890811, "fair_value": 8.338378, "relative_strength": -12.708216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.302683, "energy": 42.013087, "activity_lines": [ 9.272362, 9.298492, 9.547037, 9.684812 ] }, { "date": "2024-03-22", "close": 9.832458, "volume": 2009811, "typical_volume": 2891132.75, "trend": 9.875608, "fair_value": 8.357617, "relative_strength": -9.441204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.380465, "energy": 16.596062, "activity_lines": [ 9.466857, 9.38343, 9.558169, 9.681048 ] }, { "date": "2024-03-29", "close": 10.174055, "volume": 2135304, "typical_volume": 2910871.8, "trend": 9.85937, "fair_value": 8.379378, "relative_strength": -6.763117, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.802048, "energy": 13.436452, "activity_lines": [ 9.730287, 9.530476, 9.602924, 9.700302 ] }, { "date": "2024-04-05", "close": 10.183287, "volume": 2376904, "typical_volume": 2839187.75, "trend": 9.84647, "fair_value": 8.399206, "relative_strength": -6.027458, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 24.740655, "energy": 27.549498, "activity_lines": [ 9.930936, 9.664261, 9.645305, 9.7212 ] }, { "date": "2024-04-12", "close": 10.247914, "volume": 3215161, "typical_volume": 2787741.1, "trend": 9.832997, "fair_value": 8.414908, "relative_strength": -4.059388, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.897176, "energy": 32.898644, "activity_lines": [ 10.094657, 9.795529, 9.691379, 9.7471 ] }, { "date": "2024-04-19", "close": 10.174055, "volume": 1642071, "typical_volume": 2674420.95, "trend": 9.827968, "fair_value": 8.43141, "relative_strength": -1.993676, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.067399, "energy": 40.805046, "activity_lines": [ 10.172824, 9.904302, 9.731605, 9.769103 ] }, { "date": "2024-04-26", "close": 10.201752, "volume": 1584600, "typical_volume": 2375590.5, "trend": 9.813865, "fair_value": 8.445266, "relative_strength": -4.405732, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.616416, "energy": 45.689107, "activity_lines": [ 10.19929, 9.998137, 9.775261, 9.793218 ] }, { "date": "2024-05-03", "close": 10.257146, "volume": 4192552, "typical_volume": 2348018.65, "trend": 9.829481, "fair_value": 8.456322, "relative_strength": -4.576425, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.518128, "energy": 37.251168, "activity_lines": [ 10.219601, 10.083074, 9.821511, 9.821817 ] }, { "date": "2024-05-10", "close": 10.229449, "volume": 3251696, "typical_volume": 2388844.95, "trend": 9.846598, "fair_value": 8.466093, "relative_strength": -6.591756, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.263585, "energy": 39.86993, "activity_lines": [ 10.225141, 10.143504, 9.866354, 9.847622 ] }, { "date": "2024-05-17", "close": 9.672427, "volume": 3728132, "typical_volume": 2521225.25, "trend": 9.836664, "fair_value": 8.47019, "relative_strength": -13.022154, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 6.431786, "energy": 9.877678, "activity_lines": [ 10.041929, 10.085871, 9.858191, 9.836385 ] }, { "date": "2024-05-24", "close": 9.325644, "volume": 3157289, "typical_volume": 2600439.25, "trend": 9.820321, "fair_value": 8.471122, "relative_strength": -15.960429, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.573273, "energy": 13.746582, "activity_lines": [ 9.781488, 9.959032, 9.819741, 9.803416 ] }, { "date": "2024-05-31", "close": 9.222547, "volume": 2418009, "typical_volume": 2592907.45, "trend": 9.792361, "fair_value": 8.467187, "relative_strength": -16.402194, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.486903, "energy": 25.285989, "activity_lines": [ 9.543242, 9.812255, 9.774502, 9.76485 ] }, { "date": "2024-06-07", "close": 8.444629, "volume": 4245902, "typical_volume": 2652332.15, "trend": 9.757487, "fair_value": 8.456327, "relative_strength": -24.079434, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -79.064202, "energy": 64.203099, "activity_lines": [ 9.110971, 9.535128, 9.65808, 9.677899 ] }, { "date": "2024-06-14", "close": 8.482119, "volume": 3857288, "typical_volume": 2695558.0, "trend": 9.718015, "fair_value": 8.450469, "relative_strength": -24.630524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.373081, "energy": 81.358705, "activity_lines": [ 8.812031, 9.296262, 9.54955, 9.595617 ] }, { "date": "2024-06-21", "close": 8.566471, "volume": 2985216, "typical_volume": 2704371.35, "trend": 9.653658, "fair_value": 8.448749, "relative_strength": -24.01516, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.074998, "energy": 82.968586, "activity_lines": [ 8.657697, 9.103662, 9.453419, 9.521324 ] }, { "date": "2024-06-28", "close": 9.119449, "volume": 3280139, "typical_volume": 2724069.2, "trend": 9.612965, "fair_value": 8.451516, "relative_strength": -18.863324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.224772, "energy": 75.729574, "activity_lines": [ 8.761419, 9.042176, 9.415584, 9.486859 ] }, { "date": "2024-07-05", "close": 9.194429, "volume": 2731952, "typical_volume": 2734043.25, "trend": 9.59816, "fair_value": 8.457641, "relative_strength": -19.463224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.958506, "energy": 48.797005, "activity_lines": [ 8.903881, 9.013497, 9.384681, 9.459857 ] }, { "date": "2024-07-12", "close": 9.081959, "volume": 3934141, "typical_volume": 2858350.8, "trend": 9.55037, "fair_value": 8.464652, "relative_strength": -20.96083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.419265, "energy": 31.384368, "activity_lines": [ 9.010728, 8.982684, 9.342895, 9.426554 ] }, { "date": "2024-07-19", "close": 8.791411, "volume": 3514156, "typical_volume": 2923335.1, "trend": 9.502128, "fair_value": 8.47063, "relative_strength": -21.531679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.666768, "energy": 28.790395, "activity_lines": [ 8.978236, 8.920411, 9.273934, 9.377588 ] }, { "date": "2024-07-26", "close": 8.828901, "volume": 2493707, "typical_volume": 2962658.65, "trend": 9.454827, "fair_value": 8.474302, "relative_strength": -20.122384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.221024, "energy": 30.015997, "activity_lines": [ 8.937622, 8.891101, 9.210995, 9.334154 ] }, { "date": "2024-08-02", "close": 8.613334, "volume": 12232182, "typical_volume": 3449310.6, "trend": 9.409882, "fair_value": 8.475927, "relative_strength": -19.926046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.338881, "energy": 42.012793, "activity_lines": [ 8.807657, 8.837933, 9.129931, 9.279865 ] }, { "date": "2024-08-09", "close": 9.663054, "volume": 5297922, "typical_volume": 3613716.15, "trend": 9.404235, "fair_value": 8.48777, "relative_strength": -10.006279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.858126, "energy": 16.380542, "activity_lines": [ 9.061339, 8.988575, 9.15192, 9.296198 ] }, { "date": "2024-08-16", "close": 10.684658, "volume": 13043596, "typical_volume": 4159130.75, "trend": 9.448644, "fair_value": 8.507822, "relative_strength": -4.077318, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.299366, "energy": 29.473417, "activity_lines": [ 9.624315, 9.316953, 9.272011, 9.378806 ] }, { "date": "2024-08-23", "close": 9.991092, "volume": 3506351, "typical_volume": 4215603.1, "trend": 9.468396, "fair_value": 8.519829, "relative_strength": -11.046021, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.734426, "energy": 31.068108, "activity_lines": [ 9.849255, 9.478501, 9.323617, 9.413803 ] }, { "date": "2024-08-30", "close": 10.31913, "volume": 3613423, "typical_volume": 4235516.2, "trend": 9.487388, "fair_value": 8.535324, "relative_strength": -7.876652, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.385751, "energy": 44.111231, "activity_lines": [ 10.103562, 9.672256, 9.40738, 9.468689 ] }, { "date": "2024-09-06", "close": 10.703403, "volume": 3620149, "typical_volume": 4334420.1, "trend": 9.541655, "fair_value": 8.552894, "relative_strength": 0.089489, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.988061, "energy": 69.204257, "activity_lines": [ 10.386612, 9.904013, 9.527401, 9.547141 ] }, { "date": "2024-09-13", "close": 10.84399, "volume": 4266891, "typical_volume": 4468534.65, "trend": 9.597838, "fair_value": 8.565885, "relative_strength": -2.027939, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.237337, "energy": 77.670512, "activity_lines": [ 10.577186, 10.132532, 9.65829, 9.631163 ] }, { "date": "2024-09-20", "close": 10.69403, "volume": 5603800, "typical_volume": 4539097.05, "trend": 9.648099, "fair_value": 8.583561, "relative_strength": -4.224136, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.312817, "energy": 70.447039, "activity_lines": [ 10.639045, 10.303793, 9.771839, 9.701885 ] }, { "date": "2024-09-27", "close": 10.65654, "volume": 4081332, "typical_volume": 4580578.85, "trend": 9.69311, "fair_value": 8.602436, "relative_strength": -4.485929, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.504327, "energy": 60.880678, "activity_lines": [ 10.687782, 10.438928, 9.879738, 9.766946 ] }, { "date": "2024-10-04", "close": 10.478463, "volume": 2732155, "typical_volume": 4530780.0, "trend": 9.731262, "fair_value": 8.621, "relative_strength": -5.88361, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.819616, "energy": 44.987361, "activity_lines": [ 10.632797, 10.507773, 9.968643, 9.817614 ] }, { "date": "2024-10-11", "close": 10.272267, "volume": 2312910, "typical_volume": 4488561.05, "trend": 9.765002, "fair_value": 8.637412, "relative_strength": -8.323718, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.745138, "energy": 32.598488, "activity_lines": [ 10.498457, 10.509136, 10.034072, 9.852517 ] }, { "date": "2024-10-18", "close": 10.665913, "volume": 4242174, "typical_volume": 4579769.3, "trend": 9.792784, "fair_value": 8.655517, "relative_strength": -5.083659, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.716825, "energy": 30.901956, "activity_lines": [ 10.524075, 10.551909, 10.132483, 9.910641 ] }, { "date": "2024-10-25", "close": 11.03144, "volume": 3480395, "typical_volume": 4541493.95, "trend": 9.821363, "fair_value": 8.677736, "relative_strength": -0.374145, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.095796, "energy": 37.910349, "activity_lines": [ 10.683408, 10.642907, 10.258833, 9.990554 ] }, { "date": "2024-11-01", "close": 10.600305, "volume": 3361561, "typical_volume": 4516707.6, "trend": 9.835264, "fair_value": 8.695088, "relative_strength": -2.44621, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.477836, "energy": 32.627735, "activity_lines": [ 10.676535, 10.649212, 10.331805, 10.040808 ] }, { "date": "2024-11-08", "close": 10.76901, "volume": 2213259, "typical_volume": 4478109.75, "trend": 9.852634, "fair_value": 8.707377, "relative_strength": -5.02417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.004611, "energy": 39.167423, "activity_lines": [ 10.729646, 10.675115, 10.410757, 10.10105 ] }, { "date": "2024-11-15", "close": 10.820342, "volume": 4693067, "typical_volume": 4548756.15, "trend": 9.874177, "fair_value": 8.728409, "relative_strength": -2.221263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.749758, "energy": 44.782123, "activity_lines": [ 10.780497, 10.70217, 10.48411, 10.163483 ] }, { "date": "2024-11-22", "close": 10.582428, "volume": 2429320, "typical_volume": 4533624.55, "trend": 9.886866, "fair_value": 8.753896, "relative_strength": -5.399435, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.95695, "energy": 32.454665, "activity_lines": [ 10.715506, 10.683843, 10.526705, 10.209176 ] }, { "date": "2024-11-29", "close": 10.373063, "volume": 2066548, "typical_volume": 4440244.9, "trend": 9.89073, "fair_value": 8.777098, "relative_strength": -7.824782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.750902, "energy": 22.857556, "activity_lines": [ 10.586292, 10.632204, 10.54275, 10.240544 ] }, { "date": "2024-12-06", "close": 9.982884, "volume": 3018897, "typical_volume": 4415481.95, "trend": 9.882511, "fair_value": 8.798631, "relative_strength": -11.622441, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.453853, "energy": 10.551225, "activity_lines": [ 10.37091, 10.51546, 10.515488, 10.246489 ] }, { "date": "2024-12-13", "close": 9.925784, "volume": 3067304, "typical_volume": 4444161.8, "trend": 9.890956, "fair_value": 8.822786, "relative_strength": -11.034538, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 1.375626, "energy": 14.631999, "activity_lines": [ 10.177656, 10.400582, 10.477114, 10.249281 ] }, { "date": "2024-12-20", "close": 9.154942, "volume": 3041559, "typical_volume": 3984630.65, "trend": 9.885266, "fair_value": 8.841336, "relative_strength": -15.84911, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -38.483891, "energy": 42.029322, "activity_lines": [ 9.78367, 10.1556, 10.360103, 10.201796 ] }, { "date": "2024-12-27", "close": 9.012193, "volume": 1434835, "typical_volume": 3791476.3, "trend": 9.878254, "fair_value": 8.856591, "relative_strength": -17.119192, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.491363, "energy": 64.707667, "activity_lines": [ 9.453128, 9.904979, 10.226918, 10.145469 ] }, { "date": "2025-01-03", "close": 9.069293, "volume": 1840363, "typical_volume": 3231314.65, "trend": 9.899077, "fair_value": 8.873207, "relative_strength": -15.608663, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.793496, "energy": 67.216981, "activity_lines": [ 9.246301, 9.694807, 10.10227, 10.093278 ] }, { "date": "2025-01-10", "close": 9.35479, "volume": 2152068, "typical_volume": 3163600.5, "trend": 9.928166, "fair_value": 8.891488, "relative_strength": -10.782211, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.475941, "energy": 67.15643, "activity_lines": [ 9.221558, 9.572219, 10.012505, 10.058163 ] }, { "date": "2025-01-17", "close": 9.193008, "volume": 2045853, "typical_volume": 3085222.0, "trend": 9.94905, "fair_value": 8.910116, "relative_strength": -14.44535, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.421946, "energy": 62.170578, "activity_lines": [ 9.18476, 9.442861, 9.910362, 10.010733 ] }, { "date": "2025-01-24", "close": 9.002677, "volume": 1959514, "typical_volume": 3002190.25, "trend": 9.945158, "fair_value": 8.924147, "relative_strength": -17.230495, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.134062, "energy": 52.583945, "activity_lines": [ 9.133371, 9.307553, 9.795454, 9.949677 ] }, { "date": "2025-01-31", "close": 9.259624, "volume": 1786144, "typical_volume": 2878152.9, "trend": 9.947331, "fair_value": 8.939714, "relative_strength": -13.571922, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.897537, "energy": 45.863178, "activity_lines": [ 9.177782, 9.252011, 9.713117, 9.905449 ] }, { "date": "2025-02-07", "close": 9.183492, "volume": 1854278, "typical_volume": 2690676.8, "trend": 9.950715, "fair_value": 8.953631, "relative_strength": -13.848566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.661291, "energy": 43.069279, "activity_lines": [ 9.18032, 9.206678, 9.631073, 9.856169 ] }, { "date": "2025-02-14", "close": 9.316724, "volume": 1919584, "typical_volume": 2582589.4, "trend": 9.968226, "fair_value": 8.967073, "relative_strength": -13.570722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.203555, "energy": 37.048288, "activity_lines": [ 9.219655, 9.207197, 9.568911, 9.815266 ] }, { "date": "2025-02-21", "close": 10.268381, "volume": 5060944, "typical_volume": 2699028.85, "trend": 10.016208, "fair_value": 8.981523, "relative_strength": -3.06572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.548054, "energy": 15.685235, "activity_lines": [ 9.578747, 9.392856, 9.603764, 9.834631 ] }, { "date": "2025-02-28", "close": 10.163699, "volume": 4172721, "typical_volume": 2792019.4, "trend": 10.067887, "fair_value": 8.988547, "relative_strength": -2.989296, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.725168, "energy": 18.424413, "activity_lines": [ 9.831253, 9.553254, 9.629647, 9.844147 ] }, { "date": "2025-03-07", "close": 10.32548, "volume": 3430002, "typical_volume": 2751410.8, "trend": 10.089968, "fair_value": 8.987308, "relative_strength": 1.740152, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.878928, "energy": 26.915574, "activity_lines": [ 10.060285, 9.724725, 9.671454, 9.860766 ] }, { "date": "2025-03-14", "close": 10.277898, "volume": 4441267, "typical_volume": 2799454.4, "trend": 10.07641, "fair_value": 8.989972, "relative_strength": 3.638982, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.032725, "energy": 35.811781, "activity_lines": [ 10.2024, 9.863667, 9.710351, 9.87289 ] }, { "date": "2025-03-21", "close": 10.306447, "volume": 3262618, "typical_volume": 2794507.25, "trend": 10.086921, "fair_value": 8.988057, "relative_strength": 3.49383, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.732095, "energy": 45.121959, "activity_lines": [ 10.28107, 9.985825, 9.755556, 9.887731 ] }, { "date": "2025-03-28", "close": 10.810826, "volume": 6427828, "typical_volume": 3005235.7, "trend": 10.103311, "fair_value": 8.989044, "relative_strength": 10.213115, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.200468, "energy": 58.48569, "activity_lines": [ 10.461885, 10.182386, 9.850196, 9.934435 ] }, { "date": "2025-04-04", "close": 10.534845, "volume": 6998389, "typical_volume": 3120501.8, "trend": 10.097693, "fair_value": 8.98804, "relative_strength": 17.984985, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.299674, "energy": 45.8704, "activity_lines": [ 10.514543, 10.299353, 9.918352, 9.962276 ] }, { "date": "2025-04-11", "close": 10.68711, "volume": 7567324, "typical_volume": 3377402.0, "trend": 10.092463, "fair_value": 8.984303, "relative_strength": 13.302668, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.600507, "energy": 39.224987, "activity_lines": [ 10.593213, 10.416147, 10.00237, 10.000303 ] }, { "date": "2025-04-18", "close": 10.839375, "volume": 3510421, "typical_volume": 3449595.65, "trend": 10.097308, "fair_value": 8.988462, "relative_strength": 16.588277, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.479119, "energy": 40.76057, "activity_lines": [ 10.69853, 10.534672, 10.100391, 10.04849 ] }, { "date": "2025-04-25", "close": 9.440439, "volume": 7765632, "typical_volume": 3686932.4, "trend": 10.056771, "fair_value": 8.985829, "relative_strength": -2.589305, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -3.029629, "energy": 8.67951, "activity_lines": [ 10.300103, 10.368737, 10.062959, 10.006112 ] }, { "date": "2025-05-02", "close": 8.560156, "volume": 10081177, "typical_volume": 4037626.05, "trend": 9.992828, "fair_value": 8.979349, "relative_strength": -13.693173, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.982048, "energy": 25.108579, "activity_lines": [ 9.665982, 10.040502, 9.944274, 9.909556 ] }, { "date": "2025-05-09", "close": 8.686326, "volume": 4381304, "typical_volume": 4104613.3, "trend": 9.939963, "fair_value": 8.977495, "relative_strength": -11.608656, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.471129, "energy": 45.915488, "activity_lines": [ 9.223962, 9.766266, 9.844108, 9.825265 ] }, { "date": "2025-05-16", "close": 8.851318, "volume": 3268780, "typical_volume": 4196310.55, "trend": 9.879477, "fair_value": 8.977372, "relative_strength": -14.114077, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.919615, "energy": 49.105594, "activity_lines": [ 8.960174, 9.548889, 9.761887, 9.75503 ] }, { "date": "2025-05-23", "close": 9.220123, "volume": 2804191, "typical_volume": 4244501.95, "trend": 9.819099, "fair_value": 8.973326, "relative_strength": -8.008816, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.49418, "energy": 65.462807, "activity_lines": [ 8.941708, 9.42537, 9.715556, 9.712491 ] }, { "date": "2025-05-30", "close": 8.938667, "volume": 2693780, "typical_volume": 4271587.55, "trend": 9.763711, "fair_value": 8.969384, "relative_strength": -12.124088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.302311, "energy": 63.427674, "activity_lines": [ 8.937373, 9.269911, 9.641702, 9.655689 ] }, { "date": "2025-06-06", "close": 8.841613, "volume": 3323849, "typical_volume": 4335487.35, "trend": 9.699465, "fair_value": 8.96875, "relative_strength": -14.37278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.333664, "energy": 46.860616, "activity_lines": [ 8.934138, 9.121673, 9.560586, 9.596199 ] }, { "date": "2025-06-13", "close": 9.01631, "volume": 1931393, "typical_volume": 4334081.3, "trend": 9.63933, "fair_value": 8.975859, "relative_strength": -12.297172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.403495, "energy": 36.989192, "activity_lines": [ 8.970371, 9.041003, 9.497781, 9.552125 ] }, { "date": "2025-06-20", "close": 9.113364, "volume": 1612777, "typical_volume": 4325412.95, "trend": 9.590362, "fair_value": 8.985724, "relative_strength": -11.151863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.897829, "energy": 30.801553, "activity_lines": [ 9.016957, 9.005588, 9.444154, 9.518191 ] }, { "date": "2025-06-27", "close": 8.793086, "volume": 1691813, "typical_volume": 4317289.7, "trend": 9.537696, "fair_value": 8.995331, "relative_strength": -16.903619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.874233, "energy": 36.886734, "activity_lines": [ 8.939314, 8.940555, 9.360721, 9.466754 ] }, { "date": "2025-07-04", "close": 9.093953, "volume": 1259480, "typical_volume": 4284284.5, "trend": 9.508065, "fair_value": 9.009057, "relative_strength": -15.281601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.096932, "energy": 27.576955, "activity_lines": [ 8.990429, 8.96743, 9.307802, 9.438125 ] }, { "date": "2025-07-11", "close": 9.171596, "volume": 3468457, "typical_volume": 4204660.15, "trend": 9.482925, "fair_value": 9.027265, "relative_strength": -14.157936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.943688, "energy": 24.211456, "activity_lines": [ 9.057073, 9.014722, 9.263338, 9.416418 ] }, { "date": "2025-07-18", "close": 9.220123, "volume": 2053635, "typical_volume": 4098705.85, "trend": 9.485098, "fair_value": 9.044157, "relative_strength": -14.1016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.899643, "energy": 20.008028, "activity_lines": [ 9.117893, 9.059719, 9.228718, 9.399463 ] }, { "date": "2025-07-25", "close": 9.181301, "volume": 1991569, "typical_volume": 4026784.2, "trend": 9.490735, "fair_value": 9.056983, "relative_strength": -15.550873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.553552, "energy": 18.993584, "activity_lines": [ 9.152185, 9.087953, 9.194894, 9.379863 ] }, { "date": "2025-08-01", "close": 8.550451, "volume": 1901613, "typical_volume": 3899801.5, "trend": 9.47344, "fair_value": 9.064754, "relative_strength": -19.170014, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.730638, "energy": 37.126138, "activity_lines": [ 8.971665, 8.995487, 9.106437, 9.3192 ] }, { "date": "2025-08-08", "close": 8.812497, "volume": 1728539, "typical_volume": 3823097.55, "trend": 9.455364, "fair_value": 9.067694, "relative_strength": -18.296276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.155402, "energy": 44.0387, "activity_lines": [ 8.894669, 8.962842, 9.051163, 9.276558 ] }, { "date": "2025-08-15", "close": 8.841613, "volume": 1584633, "typical_volume": 3580937.8, "trend": 9.44365, "fair_value": 9.074077, "relative_strength": -18.287857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.000279, "energy": 53.315378, "activity_lines": [ 8.846142, 8.937784, 9.005777, 9.236961 ] }, { "date": "2025-08-22", "close": 8.521335, "volume": 4854776, "typical_volume": 3473757.15, "trend": 9.427606, "fair_value": 9.075319, "relative_strength": -21.043558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.506022, "energy": 61.486407, "activity_lines": [ 8.712855, 8.854495, 8.939264, 9.177457 ] }, { "date": "2025-08-29", "close": 8.210762, "volume": 3341456, "typical_volume": 3262463.75, "trend": 9.392644, "fair_value": 9.07805, "relative_strength": -23.379116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.586735, "energy": 68.201585, "activity_lines": [ 8.522629, 8.723736, 8.852762, 9.098951 ] }, { "date": "2025-09-05", "close": 8.036065, "volume": 1560517, "typical_volume": 3164968.55, "trend": 9.354396, "fair_value": 9.079268, "relative_strength": -24.596383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.509555, "energy": 76.900879, "activity_lines": [ 8.338873, 8.577626, 8.761414, 9.01143 ] }, { "date": "2025-09-12", "close": 7.812841, "volume": 2462231, "typical_volume": 2899798.5, "trend": 9.304267, "fair_value": 9.083715, "relative_strength": -27.174301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.408522, "energy": 83.77759, "activity_lines": [ 8.115002, 8.404694, 8.662155, 8.911975 ] }, { "date": "2025-09-19", "close": 7.66726, "volume": 2190810, "typical_volume": 2505280.15, "trend": 9.217563, "fair_value": 9.089923, "relative_strength": -28.776063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.472288, "energy": 85.94905, "activity_lines": [ 7.909248, 8.228585, 8.556783, 8.806361 ] }, { "date": "2025-09-26", "close": 7.812841, "volume": 2248661, "typical_volume": 2398648.0, "trend": 9.139201, "fair_value": 9.093471, "relative_strength": -26.602438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.514741, "energy": 80.338826, "activity_lines": [ 7.830311, 8.106297, 8.469526, 8.715734 ] }, { "date": "2025-10-03", "close": 7.560501, "volume": 2408052, "typical_volume": 2355611.6, "trend": 9.047035, "fair_value": 9.094167, "relative_strength": -29.14645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.421319, "energy": 79.905613, "activity_lines": [ 7.714493, 7.963716, 8.362397, 8.613883 ] }, { "date": "2025-10-10", "close": 7.327571, "volume": 2080237, "typical_volume": 2319413.9, "trend": 8.94869, "fair_value": 9.095335, "relative_strength": -29.052072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.638411, "energy": 79.482936, "activity_lines": [ 7.564383, 7.808253, 8.239231, 8.502949 ] }, { "date": "2025-10-17", "close": 7.41492, "volume": 1519311, "typical_volume": 2260690.45, "trend": 8.852306, "fair_value": 9.092908, "relative_strength": -28.802527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.86757, "energy": 72.953464, "activity_lines": [ 7.490622, 7.690906, 8.133396, 8.403996 ] }, { "date": "2025-10-24", "close": 7.579912, "volume": 2035295, "typical_volume": 2196262.75, "trend": 8.744609, "fair_value": 9.094402, "relative_strength": -27.88459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.407522, "energy": 58.722561, "activity_lines": [ 7.498386, 7.628968, 8.050531, 8.321906 ] }, { "date": "2025-10-31", "close": 7.822546, "volume": 2616143, "typical_volume": 2230500.25, "trend": 8.654199, "fair_value": 9.095944, "relative_strength": -25.424696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.590288, "energy": 50.440386, "activity_lines": [ 7.592852, 7.634085, 7.996781, 8.262419 ] }, { "date": "2025-11-07", "close": 8.144933, "volume": 1729326, "typical_volume": 2236327.7, "trend": 8.56946, "fair_value": 9.103784, "relative_strength": -20.462999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.386277, "energy": 31.376474, "activity_lines": [ 7.794133, 7.710524, 7.97942, 8.229563 ] }, { "date": "2025-11-14", "close": 7.609213, "volume": 2340044, "typical_volume": 2268739.25, "trend": 8.461788, "fair_value": 9.106875, "relative_strength": -25.104894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.978701, "energy": 26.275062, "activity_lines": [ 7.777879, 7.690755, 7.915649, 8.167611 ] }, { "date": "2025-11-21", "close": 7.57945, "volume": 2101846, "typical_volume": 2310857.55, "trend": 8.399755, "fair_value": 9.10846, "relative_strength": -23.305027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.904852, "energy": 26.386978, "activity_lines": [ 7.732927, 7.673336, 7.854682, 8.110686 ] }, { "date": "2025-11-28", "close": 8.065567, "volume": 2142400, "typical_volume": 2244554.7, "trend": 8.383269, "fair_value": 9.115334, "relative_strength": -20.723792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.518518, "energy": 19.292067, "activity_lines": [ 7.839046, 7.748546, 7.847223, 8.089126 ] }, { "date": "2025-12-05", "close": 8.174695, "volume": 4040110, "typical_volume": 2343878.45, "trend": 8.366214, "fair_value": 9.124851, "relative_strength": -19.431403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.261323, "energy": 13.246673, "activity_lines": [ 7.949163, 7.836355, 7.855423, 8.075669 ] }, { "date": "2025-12-12", "close": 7.073492, "volume": 12964145, "typical_volume": 2892507.25, "trend": 8.306953, "fair_value": 9.12811, "relative_strength": -29.308504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.037534, "energy": 32.00512, "activity_lines": [ 7.668737, 7.717366, 7.763726, 7.992268 ] }, { "date": "2025-12-19", "close": 7.291749, "volume": 7151997, "typical_volume": 3155026.45, "trend": 8.242674, "fair_value": 9.126764, "relative_strength": -26.741023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.385344, "energy": 31.637537, "activity_lines": [ 7.532492, 7.646915, 7.702852, 7.926771 ] }, { "date": "2025-12-26", "close": 7.926676, "volume": 4109091, "typical_volume": 3274054.05, "trend": 8.208941, "fair_value": 9.130174, "relative_strength": -21.084806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.421067, "energy": 25.083452, "activity_lines": [ 7.629054, 7.692557, 7.708442, 7.906384 ] }, { "date": "2026-01-02", "close": 7.698499, "volume": 2947030, "typical_volume": 3342173.9, "trend": 8.170837, "fair_value": 9.133723, "relative_strength": -22.119874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.55805, "energy": 27.250557, "activity_lines": [ 7.626408, 7.687407, 7.696518, 7.873452 ] }, { "date": "2026-01-09", "close": 8.283823, "volume": 4535566, "typical_volume": 3326213.4, "trend": 8.146421, "fair_value": 9.138908, "relative_strength": -17.032882, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.476131, "energy": 4.035767, "activity_lines": [ 7.843342, 7.786523, 7.745783, 7.880741 ] }, { "date": "2026-01-16", "close": 8.115171, "volume": 3474078, "typical_volume": 3332844.5, "trend": 8.113148, "fair_value": 9.14347, "relative_strength": -18.018972, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.403374, "energy": 11.935609, "activity_lines": [ 7.996783, 7.846589, 7.780117, 7.878725 ] }, { "date": "2026-01-23", "close": 8.859227, "volume": 2494745, "typical_volume": 3379555.9, "trend": 8.115353, "fair_value": 9.152229, "relative_strength": -9.929366, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.741177, "energy": 34.28877, "activity_lines": [ 8.328797, 8.042479, 7.885768, 7.926859 ] }, { "date": "2026-01-30", "close": 8.789781, "volume": 2208021, "typical_volume": 3366845.4, "trend": 8.105214, "fair_value": 9.159971, "relative_strength": -10.644455, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.435893, "energy": 49.613028, "activity_lines": [ 8.533165, 8.203014, 7.980886, 7.970371 ] }, { "date": "2026-02-06", "close": 8.50208, "volume": 2189614, "typical_volume": 3366785.6, "trend": 8.082897, "fair_value": 9.170215, "relative_strength": -13.029105, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.92569, "energy": 49.08312, "activity_lines": [ 8.584091, 8.289235, 8.043952, 7.995975 ] }, { "date": "2026-02-13", "close": 8.581446, "volume": 2280203, "typical_volume": 3368362.7, "trend": 8.061607, "fair_value": 9.179138, "relative_strength": -10.726757, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.316166, "energy": 48.262267, "activity_lines": [ 8.607901, 8.381949, 8.110601, 8.02814 ] }, { "date": "2026-02-20", "close": 9.127087, "volume": 1261818, "typical_volume": 3311051.0, "trend": 8.0598, "fair_value": 9.190529, "relative_strength": -5.583049, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 68.088558, "energy": 58.275523, "activity_lines": [ 8.79375, 8.566475, 8.225555, 8.09688 ] }, { "date": "2026-02-27", "close": 8.809623, "volume": 1455555, "typical_volume": 3279816.9, "trend": 8.068439, "fair_value": 9.200971, "relative_strength": -7.845969, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.843877, "energy": 44.974579, "activity_lines": [ 8.806316, 8.655942, 8.302815, 8.145256 ] }, { "date": "2026-03-06", "close": 10.079478, "volume": 4710112, "typical_volume": 3439356.95, "trend": 8.110672, "fair_value": 9.220984, "relative_strength": 8.04103, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.614753, "energy": 70.917527, "activity_lines": [ 9.245474, 8.948694, 8.493957, 8.275 ] }, { "date": "2026-03-13", "close": 10.734248, "volume": 11879153, "typical_volume": 3931549.85, "trend": 8.17376, "fair_value": 9.247709, "relative_strength": 17.180703, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.901444, "energy": 88.609578, "activity_lines": [ 9.816909, 9.321353, 8.734769, 8.444263 ] }, { "date": "2026-03-20", "close": 13.998173, "volume": 19617435, "typical_volume": 4781614.45, "trend": 8.356321, "fair_value": 9.293413, "relative_strength": 54.94709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.091342, "energy": 97.743594, "activity_lines": [ 11.327508, 10.232258, 9.27141, 8.820032 ] }, { "date": "2026-03-27", "close": 13.938649, "volume": 11347234, "typical_volume": 5262509.85, "trend": 8.547251, "fair_value": 9.336505, "relative_strength": 57.311321, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.058694, "energy": 97.542929, "activity_lines": [ 12.457151, 11.028443, 9.772975, 9.180182 ] }, { "date": "2026-04-03", "close": 15.099376, "volume": 9294464, "typical_volume": 5610230.85, "trend": 8.782694, "fair_value": 9.38801, "relative_strength": 64.32482, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.735826, "energy": 97.252154, "activity_lines": [ 13.652931, 11.929788, 10.357496, 9.6029 ] }, { "date": "2026-04-10", "close": 14.266033, "volume": 7012008, "typical_volume": 5855738.95, "trend": 8.997801, "fair_value": 9.428112, "relative_strength": 49.701914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.044851, "energy": 89.924957, "activity_lines": [ 14.151614, 12.566159, 10.826983, 9.956664 ] }, { "date": "2026-04-17", "close": 12.371171, "volume": 8195655, "typical_volume": 6158401.7, "trend": 9.154598, "fair_value": 9.461442, "relative_strength": 24.792408, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.643871, "energy": 67.071223, "activity_lines": [ 13.739572, 12.758441, 11.084167, 10.174301 ] }, { "date": "2026-04-24", "close": 12.678714, "volume": 6450849, "typical_volume": 6278938.65, "trend": 9.316793, "fair_value": 9.494342, "relative_strength": 27.140825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.421128, "energy": 59.702064, "activity_lines": [ 13.320917, 12.936293, 11.350137, 10.401663 ] }, { "date": "2026-05-01", "close": 13.789838, "volume": 6433788, "typical_volume": 5952420.8, "trend": 9.524438, "fair_value": 9.534021, "relative_strength": 36.271607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.604245, "energy": 52.512453, "activity_lines": [ 13.3606, 13.241671, 11.700481, 10.690246 ] }, { "date": "2026-05-08", "close": 13.13, "volume": 6839256, "typical_volume": 5936783.75, "trend": 9.717852, "fair_value": 9.5675, "relative_strength": 26.37966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.116957, "energy": 36.783276, "activity_lines": [ 13.190258, 13.342302, 11.956001, 10.922863 ] }, { "date": "2026-05-15", "close": 13.11, "volume": 5928732, "typical_volume": 6027765.8, "trend": 9.907688, "fair_value": 9.600152, "relative_strength": 25.465332, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.01817, "energy": 34.829787, "activity_lines": [ 13.144541, 13.360744, 12.181815, 11.141712 ] }, { "date": "2026-05-22", "close": 12.81, "volume": 3595241, "typical_volume": 6060176.35, "trend": 10.082025, "fair_value": 9.629366, "relative_strength": 21.352867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.461064, "energy": 32.205747, "activity_lines": [ 13.075893, 13.269541, 12.354375, 11.328958 ] }, { "date": "2026-05-29", "close": 12.13, "volume": 2833873, "typical_volume": 5975091.7, "trend": 10.225606, "fair_value": 9.654162, "relative_strength": 13.157599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.60836, "energy": 23.21975, "activity_lines": [ 12.751323, 13.01696, 12.437832, 11.461085 ] }, { "date": "2026-06-05", "close": 11.42, "volume": 3713857, "typical_volume": 5987080.65, "trend": 10.334775, "fair_value": 9.671728, "relative_strength": 9.185936, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.734949, "energy": 17.56681, "activity_lines": [ 12.226667, 12.669255, 12.435356, 11.538143 ] }, { "date": "2026-06-12", "close": 11.65, "volume": 4925766, "typical_volume": 6108631.7, "trend": 10.469468, "fair_value": 9.689078, "relative_strength": 10.689689, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.30939, "energy": 14.943767, "activity_lines": [ 11.936667, 12.409161, 12.439046, 11.622996 ] }, { "date": "2026-06-19", "close": 9.24, "volume": 5893761, "typical_volume": 6292918.7, "trend": 10.52482, "fair_value": 9.691503, "relative_strength": -12.647018, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.137993, "energy": 25.815797, "activity_lines": [ 10.942, 11.773602, 12.199924, 11.543675 ] }, { "date": "2026-06-26", "close": 9.41, "volume": 4100604, "typical_volume": 6388468.2, "trend": 10.569634, "fair_value": 9.697291, "relative_strength": -8.681699, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.217929, "energy": 46.766538, "activity_lines": [ 10.262, 11.260334, 11.974848, 11.471751 ] }, { "date": "2026-07-03", "close": 9.64, "volume": 2719317, "typical_volume": 6410423.9, "trend": 10.618478, "fair_value": 9.703154, "relative_strength": -8.213297, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.866753, "energy": 56.699206, "activity_lines": [ 9.885333, 10.842724, 11.767354, 11.411775 ] }, { "date": "2026-07-10", "close": 10.31, "volume": 3774530, "typical_volume": 6536059.5, "trend": 10.726361, "fair_value": 9.713662, "relative_strength": -2.995864, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.601406, "energy": 56.372378, "activity_lines": [ 9.898, 10.602182, 11.618628, 11.391873 ] }, { "date": "2026-07-17", "close": 10.07, "volume": 2972618, "typical_volume": 6611912.65, "trend": 10.81897, "fair_value": 9.715932, "relative_strength": -3.595689, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.527673, "energy": 49.307571, "activity_lines": [ 9.904667, 10.381273, 11.441412, 11.349527 ] }, { "date": "2026-07-24", "close": 10.58, "volume": 3427088, "typical_volume": 6547761.45, "trend": 10.907414, "fair_value": 9.720946, "relative_strength": 1.919587, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.805714, "energy": 27.826525, "activity_lines": [ 10.186667, 10.308727, 11.306766, 11.33411 ] }, { "date": "2026-07-31", "close": 9.97, "volume": 3545733, "typical_volume": 6131090.45, "trend": 10.983131, "fair_value": 9.722109, "relative_strength": -4.925359, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.236256, "energy": 22.557502, "activity_lines": [ 10.176, 10.171273, 11.111642, 11.273632 ] }, { "date": "2026-08-07", "close": 9.45, "volume": 3772015, "typical_volume": 5338819.45, "trend": 11.022003, "fair_value": 9.725822, "relative_strength": -12.730268, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.656444, "energy": 33.021847, "activity_lines": [ 9.954667, 9.990909, 10.870632, 11.17472 ] } ], "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." } } }