{ "ticker": { "uuid": "25a9b3b8-c0ee-4b94-badd-89cdea26b5a0", "symbol": "LBG", "name": "LBG Media plc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -48.167, "architecture_energy": 46.482, "architecture_maturity": 100.0, "architecture_confidence": 82.451, "architecture_tenure": "Extended", "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": 23.87, "rotation_up": 27.94, "upward_expansion": 25.28, "deceleration": 46.74, "rotation_down": 38.95, "downward_expansion": 63.95 }, "activity_lines": [ 0.332733, 0.325582, 0.34409, 0.404204 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 0.338, "trend_reference": 0.5043, "distance_from_trend": -0.329764, "trend_direction": "Weakening", "fair_value": 0.899253, "distance_from_fair_value": -0.624133, "fair_value_direction": "Weakening", "relative_strength": -55.140768, "relative_strength_direction": "Improving", "price_momentum": -0.564433, "excess_performance": -0.615668, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.329764, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.271944, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.624133, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.032063, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.551408, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.019557, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.564433, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.122134, "read": "Demand-led" } ], "volume": { "latest": 858430, "relative_activity": 0.702901, "balance": 1.122134, "dry_up": 1.45444, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.12338, "annualized_volatility": 0.733741, "from_high_reference": -0.678095, "from_low_reference": 0.346614 }, "levels": { "trend_reference": 0.5043, "fair_value_reference": 0.899253, "structural_low": 0.251, "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": 19, "median_return": -0.065646, "positive_rate": 0.368421, "directional_follow_through": 0.631579, "median_excess_return": -0.062536, "regime_survival": 0.842105, "best_return": 0.447368, "worst_return": -0.30084, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.070154, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.093567, "regime_survival": 0.5, "best_return": 0.508897, "worst_return": -0.446841, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.046033, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.065455, "regime_survival": 0.25, "best_return": 0.822064, "worst_return": -0.607221, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.161068, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.024503, "regime_survival": 0.5, "best_return": 0.581957, "worst_return": -0.259821, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-23", "end": "2023-07-21", "tenure": "Developing", "return": -0.114169, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-07-28", "end": "2023-10-13", "tenure": "Developing", "return": 0.119441, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-20", "end": "2023-10-27", "tenure": "New", "return": -0.017563, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-03", "end": "2023-11-24", "tenure": "New", "return": -0.017877, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-01", "end": "2024-03-29", "tenure": "Established", "return": -0.146453, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-05", "end": "2024-05-17", "tenure": "Developing", "return": 0.309609, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-24", "end": "2024-06-07", "tenure": "New", "return": 0.076923, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-14", "end": "2024-10-18", "tenure": "Established", "return": 0.222727, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2025-01-17", "tenure": "Established", "return": -0.015385, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": -0.041322, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-07-04", "tenure": "Established", "return": -0.107143, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-11-07", "tenure": "Established", "return": -0.163462, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": -0.005435, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-08-07", "tenure": "Extended", "return": -0.630197, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.744, "volume": 200624, "typical_volume": 271265.95, "trend": 0.956675, "fair_value": 1.204688, "relative_strength": -14.824915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.018285, "energy": 86.913825, "activity_lines": [ 0.7812, 0.8324, 0.895783, 0.915401 ] }, { "date": "2023-08-25", "close": 0.69, "volume": 120382, "typical_volume": 276052.75, "trend": 0.941842, "fair_value": 1.198905, "relative_strength": -20.904922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.953541, "energy": 90.458849, "activity_lines": [ 0.7454, 0.798582, 0.873167, 0.898197 ] }, { "date": "2023-09-01", "close": 0.708, "volume": 48178, "typical_volume": 201073.6, "trend": 0.927108, "fair_value": 1.193451, "relative_strength": -19.378596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.14988, "energy": 87.087859, "activity_lines": [ 0.727533, 0.773418, 0.852688, 0.88311 ] }, { "date": "2023-09-08", "close": 0.72, "volume": 60715, "typical_volume": 189610.8, "trend": 0.913608, "fair_value": 1.188248, "relative_strength": -17.488732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.108922, "energy": 81.482536, "activity_lines": [ 0.718933, 0.7554, 0.83469, 0.869748 ] }, { "date": "2023-09-15", "close": 0.725, "volume": 18248, "typical_volume": 184201.45, "trend": 0.900275, "fair_value": 1.183213, "relative_strength": -18.845119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.107925, "energy": 68.926138, "activity_lines": [ 0.716867, 0.742745, 0.818483, 0.85758 ] }, { "date": "2023-09-22", "close": 0.734, "volume": 258850, "typical_volume": 194540.4, "trend": 0.887238, "fair_value": 1.178382, "relative_strength": -17.339811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.008391, "energy": 55.933194, "activity_lines": [ 0.7224, 0.735255, 0.804586, 0.846852 ] }, { "date": "2023-09-29", "close": 0.835, "volume": 109554, "typical_volume": 197981.85, "trend": 0.878488, "fair_value": 1.174729, "relative_strength": -5.083948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.836007, "energy": 34.497782, "activity_lines": [ 0.762267, 0.749545, 0.801602, 0.843482 ] }, { "date": "2023-10-06", "close": 0.826, "volume": 94222, "typical_volume": 199778.6, "trend": 0.873357, "fair_value": 1.171058, "relative_strength": -4.810754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.715008, "energy": 23.396247, "activity_lines": [ 0.789467, 0.762818, 0.798629, 0.840096 ] }, { "date": "2023-10-13", "close": 0.881, "volume": 1198602, "typical_volume": 255854.65, "trend": 0.874723, "fair_value": 1.168037, "relative_strength": -0.237914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.602838, "energy": 21.631817, "activity_lines": [ 0.827133, 0.785382, 0.80175, 0.840589 ] }, { "date": "2023-10-20", "close": 0.911, "volume": 1152102, "typical_volume": 298877.3, "trend": 0.87909, "fair_value": 1.165387, "relative_strength": 5.267326, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.820797, "energy": 27.438165, "activity_lines": [ 0.864067, 0.8118, 0.808219, 0.842929 ] }, { "date": "2023-10-27", "close": 0.895, "volume": 298339, "typical_volume": 288082.25, "trend": 0.882483, "fair_value": 1.162628, "relative_strength": 4.344366, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.666579, "energy": 33.589849, "activity_lines": [ 0.883267, 0.833182, 0.813605, 0.843956 ] }, { "date": "2023-11-03", "close": 0.895, "volume": 14949, "typical_volume": 287053.25, "trend": 0.88635, "fair_value": 1.159925, "relative_strength": 1.783674, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.671733, "energy": 33.285818, "activity_lines": [ 0.891733, 0.851818, 0.81939, 0.844763 ] }, { "date": "2023-11-10", "close": 0.876, "volume": 1078482, "typical_volume": 325397.75, "trend": 0.882583, "fair_value": 1.157085, "relative_strength": -0.170649, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.319806, "energy": 32.045297, "activity_lines": [ 0.889867, 0.863273, 0.8238, 0.844096 ] }, { "date": "2023-11-17", "close": 0.875, "volume": 20140, "typical_volume": 324332.15, "trend": 0.87855, "fair_value": 1.154293, "relative_strength": -2.812088, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.754574, "energy": 21.196776, "activity_lines": [ 0.884333, 0.871491, 0.828614, 0.843606 ] }, { "date": "2023-11-24", "close": 0.879, "volume": 4321, "typical_volume": 322816.6, "trend": 0.873517, "fair_value": 1.151594, "relative_strength": -2.759207, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.091614, "energy": 16.557199, "activity_lines": [ 0.880533, 0.877618, 0.834238, 0.843635 ] }, { "date": "2023-12-01", "close": 0.874, "volume": 299319, "typical_volume": 337321.0, "trend": 0.869117, "fair_value": 1.148899, "relative_strength": -4.21924, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.707141, "energy": 8.554751, "activity_lines": [ 0.8772, 0.880036, 0.839576, 0.843667 ] }, { "date": "2023-12-08", "close": 0.874, "volume": 371329, "typical_volume": 353180.7, "trend": 0.86435, "fair_value": 1.146255, "relative_strength": -4.930903, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.376006, "energy": 9.577755, "activity_lines": [ 0.875267, 0.879909, 0.845143, 0.843982 ] }, { "date": "2023-12-15", "close": 0.875, "volume": 348123, "typical_volume": 292461.8, "trend": 0.859983, "fair_value": 1.143672, "relative_strength": -5.437168, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.135744, "energy": 8.316134, "activity_lines": [ 0.875067, 0.879255, 0.850781, 0.844669 ] }, { "date": "2023-12-22", "close": 0.825, "volume": 201267, "typical_volume": 295536.85, "trend": 0.854683, "fair_value": 1.140666, "relative_strength": -11.68695, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.402562, "energy": 5.196236, "activity_lines": [ 0.858267, 0.868618, 0.851238, 0.842412 ] }, { "date": "2023-12-29", "close": 0.812, "volume": 34966, "typical_volume": 296635.6, "trend": 0.8483, "fair_value": 1.137594, "relative_strength": -12.676597, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.803556, "energy": 11.617187, "activity_lines": [ 0.840467, 0.856636, 0.850305, 0.839658 ] }, { "date": "2024-01-05", "close": 0.8, "volume": 3429882, "typical_volume": 458098.5, "trend": 0.842333, "fair_value": 1.134468, "relative_strength": -13.047672, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.474598, "energy": 20.943906, "activity_lines": [ 0.823133, 0.844273, 0.848143, 0.836542 ] }, { "date": "2024-01-12", "close": 0.82, "volume": 127255, "typical_volume": 458442.15, "trend": 0.8368, "fair_value": 1.131583, "relative_strength": -9.577644, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.719299, "energy": 22.281735, "activity_lines": [ 0.8174, 0.837273, 0.847619, 0.835101 ] }, { "date": "2024-01-19", "close": 0.832, "volume": 179793, "typical_volume": 465022.9, "trend": 0.831833, "fair_value": 1.12886, "relative_strength": -5.723387, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.826648, "energy": 20.517979, "activity_lines": [ 0.819267, 0.833818, 0.847619, 0.834791 ] }, { "date": "2024-01-26", "close": 0.834, "volume": 76634, "typical_volume": 465818.85, "trend": 0.827467, "fair_value": 1.126203, "relative_strength": -7.082541, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.803608, "energy": 15.825629, "activity_lines": [ 0.824667, 0.831527, 0.847219, 0.834931 ] }, { "date": "2024-02-02", "close": 0.834, "volume": 547682, "typical_volume": 492290.55, "trend": 0.824633, "fair_value": 1.123594, "relative_strength": -6.291191, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.874137, "energy": 7.522825, "activity_lines": [ 0.829467, 0.829982, 0.846276, 0.835353 ] }, { "date": "2024-02-09", "close": 0.834, "volume": 8417, "typical_volume": 479768.9, "trend": 0.8217, "fair_value": 1.121031, "relative_strength": -5.252242, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.539787, "energy": 10.802255, "activity_lines": [ 0.8328, 0.829255, 0.844814, 0.835957 ] }, { "date": "2024-02-16", "close": 0.834, "volume": 32996, "typical_volume": 475941.0, "trend": 0.820533, "fair_value": 1.118514, "relative_strength": -6.45985, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.200767, "energy": 11.405579, "activity_lines": [ 0.833867, 0.829255, 0.842876, 0.836751 ] }, { "date": "2024-02-23", "close": 0.836, "volume": 42914, "typical_volume": 473375.6, "trend": 0.822167, "fair_value": 1.116057, "relative_strength": -5.631114, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.507978, "energy": 10.882563, "activity_lines": [ 0.834667, 0.830345, 0.841133, 0.837748 ] }, { "date": "2024-03-01", "close": 0.835, "volume": 1973270, "typical_volume": 512109.0, "trend": 0.823567, "fair_value": 1.113634, "relative_strength": -4.984493, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.779662, "energy": 10.316157, "activity_lines": [ 0.834867, 0.831964, 0.839248, 0.838576 ] }, { "date": "2024-03-08", "close": 0.774, "volume": 53053, "typical_volume": 457156.55, "trend": 0.8229, "fair_value": 1.110731, "relative_strength": -11.284415, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.40916, "energy": 18.831099, "activity_lines": [ 0.814667, 0.822309, 0.831771, 0.835378 ] }, { "date": "2024-03-15", "close": 0.782, "volume": 51878, "typical_volume": 444833.5, "trend": 0.824167, "fair_value": 1.107945, "relative_strength": -10.952547, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.547579, "energy": 29.735299, "activity_lines": [ 0.801133, 0.8148, 0.82571, 0.83274 ] }, { "date": "2024-03-22", "close": 0.746, "volume": 59328, "typical_volume": 447052.45, "trend": 0.826033, "fair_value": 1.104904, "relative_strength": -17.07354, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.029998, "energy": 48.92764, "activity_lines": [ 0.779067, 0.801073, 0.816757, 0.827697 ] }, { "date": "2024-03-29", "close": 0.746, "volume": 5827, "typical_volume": 393419.7, "trend": 0.8273, "fair_value": 1.101913, "relative_strength": -17.157556, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.279543, "energy": 63.48812, "activity_lines": [ 0.762867, 0.788691, 0.808514, 0.822533 ] }, { "date": "2024-04-05", "close": 0.7025, "volume": 1103498, "typical_volume": 447587.6, "trend": 0.826717, "fair_value": 1.098612, "relative_strength": -21.422107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.870994, "energy": 69.168218, "activity_lines": [ 0.738167, 0.769964, 0.796748, 0.814482 ] }, { "date": "2024-04-12", "close": 0.635, "volume": 111133, "typical_volume": 452928.2, "trend": 0.823717, "fair_value": 1.094812, "relative_strength": -29.164924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.690219, "energy": 80.546221, "activity_lines": [ 0.6998, 0.741355, 0.779374, 0.802113 ] }, { "date": "2024-04-19", "close": 0.7, "volume": 3093889, "typical_volume": 592656.7, "trend": 0.822583, "fair_value": 1.091602, "relative_strength": -20.420372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.345181, "energy": 69.953988, "activity_lines": [ 0.692367, 0.728182, 0.769352, 0.794131 ] }, { "date": "2024-04-26", "close": 0.7725, "volume": 261874, "typical_volume": 587183.95, "trend": 0.8205, "fair_value": 1.089029, "relative_strength": -14.277509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.932297, "energy": 49.888914, "activity_lines": [ 0.714567, 0.730627, 0.767064, 0.7909 ] }, { "date": "2024-05-03", "close": 0.76, "volume": 219104, "typical_volume": 580733.0, "trend": 0.8183, "fair_value": 1.086396, "relative_strength": -15.883628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.895729, "energy": 35.644981, "activity_lines": [ 0.730833, 0.731918, 0.764069, 0.786997 ] }, { "date": "2024-05-10", "close": 0.75, "volume": 4832, "typical_volume": 570911.25, "trend": 0.813933, "fair_value": 1.083727, "relative_strength": -18.557601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.453688, "energy": 19.609578, "activity_lines": [ 0.742833, 0.732773, 0.760669, 0.78259 ] }, { "date": "2024-05-17", "close": 0.92, "volume": 1360485, "typical_volume": 637187.2, "trend": 0.814233, "fair_value": 1.082437, "relative_strength": 0.424209, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 4.70547, "energy": 19.27576, "activity_lines": [ 0.808333, 0.766082, 0.773817, 0.789433 ] }, { "date": "2024-05-24", "close": 1.04, "volume": 117987, "typical_volume": 471592.45, "trend": 0.819067, "fair_value": 1.082106, "relative_strength": 15.005547, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.937041, "energy": 51.793523, "activity_lines": [ 0.894833, 0.818555, 0.797879, 0.803999 ] }, { "date": "2024-05-31", "close": 1.1, "volume": 378737, "typical_volume": 484166.55, "trend": 0.8259, "fair_value": 1.082245, "relative_strength": 22.238904, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.259463, "energy": 78.497789, "activity_lines": [ 0.978667, 0.877245, 0.826512, 0.822124 ] }, { "date": "2024-06-07", "close": 1.12, "volume": 738237, "typical_volume": 512088.75, "trend": 0.834033, "fair_value": 1.082535, "relative_strength": 24.773553, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.631908, "energy": 93.615879, "activity_lines": [ 1.047333, 0.933136, 0.855717, 0.841098 ] }, { "date": "2024-06-14", "close": 1.1, "volume": 1078558, "typical_volume": 562184.95, "trend": 0.841533, "fair_value": 1.082668, "relative_strength": 23.895589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.560431, "energy": 89.254798, "activity_lines": [ 1.085333, 0.978591, 0.881645, 0.858257 ] }, { "date": "2024-06-21", "close": 1.07, "volume": 44243, "typical_volume": 537013.0, "trend": 0.8479, "fair_value": 1.082572, "relative_strength": 19.221402, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.666085, "energy": 87.037233, "activity_lines": [ 1.09, 1.011364, 0.90345, 0.872997 ] }, { "date": "2024-06-28", "close": 1.06, "volume": 143466, "typical_volume": 543765.45, "trend": 0.8541, "fair_value": 1.082403, "relative_strength": 19.136009, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.287857, "energy": 74.257433, "activity_lines": [ 1.081333, 1.034409, 0.923179, 0.886681 ] }, { "date": "2024-07-05", "close": 1.06, "volume": 43962, "typical_volume": 544313.75, "trend": 0.8603, "fair_value": 1.082235, "relative_strength": 18.504319, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.233127, "energy": 56.333014, "activity_lines": [ 1.071333, 1.050909, 0.941831, 0.899965 ] }, { "date": "2024-07-12", "close": 1.095, "volume": 56213, "typical_volume": 544978.7, "trend": 0.867633, "fair_value": 1.08233, "relative_strength": 21.504652, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.677257, "energy": 53.535527, "activity_lines": [ 1.075667, 1.068545, 0.96274, 0.915106 ] }, { "date": "2024-07-19", "close": 1.06, "volume": 9726, "typical_volume": 446801.5, "trend": 0.875467, "fair_value": 1.082166, "relative_strength": 18.676261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.060359, "energy": 44.614129, "activity_lines": [ 1.07, 1.073727, 0.979083, 0.927517 ] }, { "date": "2024-07-26", "close": 1.245, "volume": 696052, "typical_volume": 478951.45, "trend": 0.8899, "fair_value": 1.083354, "relative_strength": 36.055491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.489888, "energy": 60.408827, "activity_lines": [ 1.128667, 1.106909, 1.011974, 0.951358 ] }, { "date": "2024-08-02", "close": 1.25, "volume": 933987, "typical_volume": 523056.9, "trend": 0.9049, "fair_value": 1.084562, "relative_strength": 37.307244, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.277754, "energy": 64.046687, "activity_lines": [ 1.177333, 1.135091, 1.043098, 0.97459 ] }, { "date": "2024-08-09", "close": 1.275, "volume": 532579, "typical_volume": 546719.45, "trend": 0.920067, "fair_value": 1.085932, "relative_strength": 38.953157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.470134, "energy": 68.66218, "activity_lines": [ 1.221667, 1.164, 1.074374, 0.998468 ] }, { "date": "2024-08-16", "close": 1.28, "volume": 217231, "typical_volume": 557289.65, "trend": 0.935, "fair_value": 1.087318, "relative_strength": 35.893466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.428072, "energy": 81.179558, "activity_lines": [ 1.253333, 1.190636, 1.103607, 1.021689 ] }, { "date": "2024-08-23", "close": 1.28, "volume": 157113, "typical_volume": 509970.4, "trend": 0.949867, "fair_value": 1.088685, "relative_strength": 34.266153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.251743, "energy": 80.165279, "activity_lines": [ 1.272667, 1.214364, 1.130298, 1.043947 ] }, { "date": "2024-08-30", "close": 1.275, "volume": 183127, "typical_volume": 513570.1, "trend": 0.964567, "fair_value": 1.089997, "relative_strength": 31.693529, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.266194, "energy": 75.080707, "activity_lines": [ 1.275667, 1.233909, 1.153762, 1.064924 ] }, { "date": "2024-09-06", "close": 1.34, "volume": 236687, "typical_volume": 370710.0, "trend": 0.981433, "fair_value": 1.091745, "relative_strength": 40.13388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.625738, "energy": 74.908406, "activity_lines": [ 1.298333, 1.261545, 1.180369, 1.089145 ] }, { "date": "2024-09-13", "close": 1.355, "volume": 244296, "typical_volume": 369831.1, "trend": 0.9988, "fair_value": 1.093573, "relative_strength": 38.543222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.709802, "energy": 70.615684, "activity_lines": [ 1.32, 1.286818, 1.205357, 1.113246 ] }, { "date": "2024-09-20", "close": 1.39, "volume": 1030736, "typical_volume": 410412.7, "trend": 1.017267, "fair_value": 1.095618, "relative_strength": 41.181085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.526447, "energy": 65.075457, "activity_lines": [ 1.348, 1.313091, 1.230905, 1.138485 ] }, { "date": "2024-09-27", "close": 1.37, "volume": 412677, "typical_volume": 430804.95, "trend": 1.0351, "fair_value": 1.097497, "relative_strength": 36.427315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.521934, "energy": 61.326461, "activity_lines": [ 1.362, 1.330364, 1.251548, 1.161242 ] }, { "date": "2024-10-04", "close": 1.28, "volume": 334848, "typical_volume": 379523.1, "trend": 1.051967, "fair_value": 1.098738, "relative_strength": 27.184617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.606531, "energy": 51.617391, "activity_lines": [ 1.34, 1.325636, 1.260667, 1.177042 ] }, { "date": "2024-10-11", "close": 1.29, "volume": 3041092, "typical_volume": 525678.35, "trend": 1.0689, "fair_value": 1.100031, "relative_strength": 27.779848, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.149687, "energy": 39.598139, "activity_lines": [ 1.321, 1.322091, 1.269024, 1.192399 ] }, { "date": "2024-10-18", "close": 1.345, "volume": 82533, "typical_volume": 510868.15, "trend": 1.088867, "fair_value": 1.101675, "relative_strength": 30.782385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.374194, "energy": 35.049435, "activity_lines": [ 1.323667, 1.327818, 1.281429, 1.210212 ] }, { "date": "2024-10-25", "close": 1.3, "volume": 848031, "typical_volume": 516357.85, "trend": 1.107333, "fair_value": 1.102997, "relative_strength": 27.390902, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.450551, "energy": 27.88427, "activity_lines": [ 1.312, 1.324091, 1.288381, 1.223833 ] }, { "date": "2024-11-01", "close": 1.33, "volume": 62963, "typical_volume": 465578.1, "trend": 1.12825, "fair_value": 1.1045, "relative_strength": 30.619287, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.041654, "energy": 29.905953, "activity_lines": [ 1.316333, 1.325455, 1.297333, 1.238199 ] }, { "date": "2024-11-08", "close": 1.3, "volume": 81715, "typical_volume": 467451.7, "trend": 1.150417, "fair_value": 1.105787, "relative_strength": 28.496418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.042432, "energy": 29.134445, "activity_lines": [ 1.313333, 1.320455, 1.302333, 1.24928 ] }, { "date": "2024-11-15", "close": 1.3, "volume": 580692, "typical_volume": 489313.0, "trend": 1.170417, "fair_value": 1.107056, "relative_strength": 27.761937, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.787334, "energy": 21.788056, "activity_lines": [ 1.309, 1.315, 1.306238, 1.25893 ] }, { "date": "2024-11-22", "close": 1.33, "volume": 113046, "typical_volume": 492767.2, "trend": 1.189, "fair_value": 1.108504, "relative_strength": 26.728042, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.451534, "energy": 23.736841, "activity_lines": [ 1.314, 1.315727, 1.311857, 1.269226 ] }, { "date": "2024-11-29", "close": 1.27, "volume": 324141, "typical_volume": 506163.6, "trend": 1.206, "fair_value": 1.109545, "relative_strength": 19.96795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.685445, "energy": 11.579362, "activity_lines": [ 1.3, 1.306, 1.310476, 1.274452 ] }, { "date": "2024-12-06", "close": 1.2, "volume": 1111851, "typical_volume": 561269.85, "trend": 1.221, "fair_value": 1.110125, "relative_strength": 12.577921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.69738, "energy": 7.903811, "activity_lines": [ 1.264667, 1.285727, 1.301595, 1.274065 ] }, { "date": "2024-12-13", "close": 1.24, "volume": 174458, "typical_volume": 535190.15, "trend": 1.231667, "fair_value": 1.105673, "relative_strength": 15.858069, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.595578, "energy": 12.486183, "activity_lines": [ 1.251333, 1.275818, 1.295857, 1.27529 ] }, { "date": "2024-12-20", "close": 1.33, "volume": 694493, "typical_volume": 523215.45, "trend": 1.241333, "fair_value": 1.101635, "relative_strength": 26.500949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.914816, "energy": 13.890343, "activity_lines": [ 1.272, 1.283, 1.298714, 1.281634 ] }, { "date": "2024-12-27", "close": 1.3, "volume": 66574, "typical_volume": 499915.2, "trend": 1.248, "fair_value": 1.09726, "relative_strength": 21.677513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.423336, "energy": 9.696951, "activity_lines": [ 1.280667, 1.284, 1.298333, 1.285419 ] }, { "date": "2025-01-03", "close": 1.33, "volume": 80811, "typical_volume": 493094.2, "trend": 1.255, "fair_value": 1.093221, "relative_strength": 22.327162, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.517277, "energy": 17.413285, "activity_lines": [ 1.301333, 1.291273, 1.30069, 1.29071 ] }, { "date": "2025-01-10", "close": 1.305, "volume": 304594, "typical_volume": 500468.25, "trend": 1.261833, "fair_value": 1.089183, "relative_strength": 18.795705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.390773, "energy": 19.582004, "activity_lines": [ 1.309667, 1.293455, 1.300429, 1.293935 ] }, { "date": "2025-01-17", "close": 1.28, "volume": 271454, "typical_volume": 504884.6, "trend": 1.268833, "fair_value": 1.084984, "relative_strength": 12.370414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.570983, "energy": 14.298822, "activity_lines": [ 1.302667, 1.291545, 1.297667, 1.295108 ] }, { "date": "2025-01-24", "close": 1.21, "volume": 924269, "typical_volume": 539263.7, "trend": 1.273833, "fair_value": 1.080721, "relative_strength": 5.757786, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.14566, "energy": 12.736707, "activity_lines": [ 1.269667, 1.277273, 1.288214, 1.291312 ] }, { "date": "2025-01-31", "close": 1.24, "volume": 399655, "typical_volume": 547031.65, "trend": 1.279833, "fair_value": 1.076651, "relative_strength": 5.730461, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.038793, "energy": 24.086443, "activity_lines": [ 1.254667, 1.270091, 1.282238, 1.289129 ] }, { "date": "2025-02-07", "close": 1.16, "volume": 305123, "typical_volume": 510751.0, "trend": 1.282, "fair_value": 1.071138, "relative_strength": -1.716314, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.776521, "energy": 51.9596, "activity_lines": [ 1.217, 1.25, 1.26919, 1.281398 ] }, { "date": "2025-02-14", "close": 1.12, "volume": 1082223, "typical_volume": 544228.3, "trend": 1.284, "fair_value": 1.06508, "relative_strength": -5.721908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.099394, "energy": 65.303772, "activity_lines": [ 1.177333, 1.224636, 1.253429, 1.270946 ] }, { "date": "2025-02-21", "close": 1.02, "volume": 1257574, "typical_volume": 590364.6, "trend": 1.2765, "fair_value": 1.059023, "relative_strength": -13.528574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.473969, "energy": 75.395775, "activity_lines": [ 1.116667, 1.182545, 1.229333, 1.253914 ] }, { "date": "2025-02-28", "close": 1.04, "volume": 1238997, "typical_volume": 500259.85, "trend": 1.2695, "fair_value": 1.053189, "relative_strength": -13.45165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.844248, "energy": 76.219372, "activity_lines": [ 1.08, 1.148091, 1.208381, 1.238656 ] }, { "date": "2025-03-07", "close": 1.02, "volume": 352581, "typical_volume": 513762.25, "trend": 1.261, "fair_value": 1.047388, "relative_strength": -14.046206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.132229, "energy": 78.738853, "activity_lines": [ 1.048, 1.115273, 1.186714, 1.222559 ] }, { "date": "2025-03-14", "close": 1.06, "volume": 345969, "typical_volume": 488659.15, "trend": 1.253667, "fair_value": 1.042324, "relative_strength": -10.45493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.368006, "energy": 72.102476, "activity_lines": [ 1.044, 1.094818, 1.170405, 1.209591 ] }, { "date": "2025-03-21", "close": 1.13, "volume": 172259, "typical_volume": 494123.95, "trend": 1.248667, "fair_value": 1.037068, "relative_strength": -5.188573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.002513, "energy": 54.186948, "activity_lines": [ 1.07, 1.092, 1.161905, 1.201613 ] }, { "date": "2025-03-28", "close": 1.08, "volume": 107071, "typical_volume": 495391.75, "trend": 1.242167, "fair_value": 1.032132, "relative_strength": -9.899109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.222636, "energy": 41.906312, "activity_lines": [ 1.078667, 1.083273, 1.149595, 1.190731 ] }, { "date": "2025-04-04", "close": 0.988, "volume": 452346, "typical_volume": 488974.45, "trend": 1.230433, "fair_value": 1.026927, "relative_strength": -11.809562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.271659, "energy": 45.190102, "activity_lines": [ 1.052667, 1.061455, 1.129571, 1.174333 ] }, { "date": "2025-04-11", "close": 0.986, "volume": 3435217, "typical_volume": 655083.0, "trend": 1.218133, "fair_value": 1.022029, "relative_strength": -11.527629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.1342, "energy": 43.344082, "activity_lines": [ 1.029467, 1.043309, 1.110843, 1.158563 ] }, { "date": "2025-04-18", "close": 0.96, "volume": 61914, "typical_volume": 641971.65, "trend": 1.2038, "fair_value": 1.017606, "relative_strength": -17.413284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.471092, "energy": 48.680271, "activity_lines": [ 0.999867, 1.025055, 1.091276, 1.14191 ] }, { "date": "2025-04-25", "close": 0.897, "volume": 280612, "typical_volume": 600409.7, "trend": 1.188033, "fair_value": 1.01201, "relative_strength": -24.23438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.705735, "energy": 67.942133, "activity_lines": [ 0.955933, 0.998982, 1.067186, 1.122116 ] }, { "date": "2025-05-02", "close": 0.84, "volume": 8600668, "typical_volume": 1021720.2, "trend": 1.173367, "fair_value": 1.006177, "relative_strength": -30.592836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.724279, "energy": 73.283325, "activity_lines": [ 0.908533, 0.9666, 1.03911, 1.099662 ] }, { "date": "2025-05-09", "close": 0.917, "volume": 739128, "typical_volume": 1023951.95, "trend": 1.160933, "fair_value": 1.001797, "relative_strength": -24.051527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.731054, "energy": 67.234832, "activity_lines": [ 0.9028, 0.951491, 1.020271, 1.083123 ] }, { "date": "2025-05-16", "close": 0.898, "volume": 904545, "typical_volume": 1065850.5, "trend": 1.146033, "fair_value": 0.997425, "relative_strength": -26.678236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.217024, "energy": 63.14269, "activity_lines": [ 0.895467, 0.935164, 1.00159, 1.066159 ] }, { "date": "2025-05-23", "close": 0.858, "volume": 476272, "typical_volume": 1085623.55, "trend": 1.1313, "fair_value": 0.9928, "relative_strength": -29.958393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.406336, "energy": 54.280457, "activity_lines": [ 0.880667, 0.913782, 0.981014, 1.047576 ] }, { "date": "2025-05-30", "close": 0.9, "volume": 152901, "typical_volume": 1078038.9, "trend": 1.116967, "fair_value": 0.988496, "relative_strength": -26.68105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.135098, "energy": 45.24509, "activity_lines": [ 0.886667, 0.903709, 0.966686, 1.032654 ] }, { "date": "2025-06-06", "close": 0.89, "volume": 2212130, "typical_volume": 1175072.7, "trend": 1.1033, "fair_value": 0.98538, "relative_strength": -27.683905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.438592, "energy": 41.454806, "activity_lines": [ 0.889133, 0.896, 0.953333, 1.018011 ] }, { "date": "2025-06-13", "close": 1.01, "volume": 1176819, "typical_volume": 1187700.2, "trend": 1.093633, "fair_value": 0.984034, "relative_strength": -17.813915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.285077, "energy": 26.774921, "activity_lines": [ 0.928267, 0.913564, 0.953267, 1.011991 ] }, { "date": "2025-06-20", "close": 1.0, "volume": 461100, "typical_volume": 1190772.45, "trend": 1.082633, "fair_value": 0.98288, "relative_strength": -17.742338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.645417, "energy": 18.190296, "activity_lines": [ 0.957867, 0.928909, 0.9532, 1.005951 ] }, { "date": "2025-06-27", "close": 0.984, "volume": 1450026, "typical_volume": 1248017.6, "trend": 1.0731, "fair_value": 0.982137, "relative_strength": -19.078848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.619558, "energy": 18.495444, "activity_lines": [ 0.975333, 0.941091, 0.952752, 0.999587 ] }, { "date": "2025-07-04", "close": 1.0, "volume": 288306, "typical_volume": 1208321.75, "trend": 1.066433, "fair_value": 0.982169, "relative_strength": -17.805294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.141858, "energy": 15.032795, "activity_lines": [ 0.989733, 0.955745, 0.954667, 0.994871 ] }, { "date": "2025-07-11", "close": 1.04, "volume": 377582, "typical_volume": 1164322.15, "trend": 1.059767, "fair_value": 0.982457, "relative_strength": -15.454622, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.844962, "energy": 13.110953, "activity_lines": [ 1.0108, 0.9758, 0.960962, 0.993166 ] }, { "date": "2025-07-18", "close": 1.015, "volume": 114302, "typical_volume": 1108087.4, "trend": 1.049267, "fair_value": 0.981015, "relative_strength": -17.758445, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.82346, "energy": 13.076907, "activity_lines": [ 1.013533, 0.987673, 0.964781, 0.990277 ] }, { "date": "2025-07-25", "close": 0.948, "volume": 198534, "typical_volume": 1100385.05, "trend": 1.037533, "fair_value": 0.979688, "relative_strength": -23.772251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.980857, "energy": 11.060626, "activity_lines": [ 0.9936, 0.985582, 0.962338, 0.983744 ] }, { "date": "2025-08-01", "close": 0.9, "volume": 258829, "typical_volume": 1096028.05, "trend": 1.0232, "fair_value": 0.979015, "relative_strength": -26.664258, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.812665, "energy": 16.771779, "activity_lines": [ 0.961133, 0.973855, 0.955667, 0.974871 ] }, { "date": "2025-08-08", "close": 0.95, "volume": 177254, "typical_volume": 1096277.8, "trend": 1.011367, "fair_value": 0.977572, "relative_strength": -22.250027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.519029, "energy": 18.583927, "activity_lines": [ 0.950933, 0.970455, 0.954519, 0.970148 ] }, { "date": "2025-08-15", "close": 0.95, "volume": 298036, "typical_volume": 1105826.05, "trend": 1.000367, "fair_value": 0.975488, "relative_strength": -22.059068, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.308983, "energy": 22.05066, "activity_lines": [ 0.944067, 0.966145, 0.954229, 0.966189 ] }, { "date": "2025-08-22", "close": 0.945, "volume": 147553, "typical_volume": 1090586.4, "trend": 0.991533, "fair_value": 0.973597, "relative_strength": -23.409402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.739168, "energy": 21.720009, "activity_lines": [ 0.941533, 0.959836, 0.954081, 0.962617 ] }, { "date": "2025-08-29", "close": 0.95, "volume": 138932, "typical_volume": 925772.15, "trend": 0.981867, "fair_value": 0.972283, "relative_strength": -21.322418, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.003752, "energy": 16.900991, "activity_lines": [ 0.945333, 0.955618, 0.954614, 0.959938 ] }, { "date": "2025-09-05", "close": 0.9775, "volume": 203681, "typical_volume": 932860.5, "trend": 0.975783, "fair_value": 0.971659, "relative_strength": -18.541769, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.61847, "energy": 9.834029, "activity_lines": [ 0.958167, 0.957309, 0.957938, 0.959656 ] }, { "date": "2025-09-12", "close": 0.965, "volume": 1288812, "typical_volume": 983270.5, "trend": 0.970617, "fair_value": 0.971461, "relative_strength": -19.523418, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.549609, "energy": 6.477761, "activity_lines": [ 0.961667, 0.956845, 0.959988, 0.95896 ] }, { "date": "2025-09-19", "close": 0.9775, "volume": 666183, "typical_volume": 586546.25, "trend": 0.9692, "fair_value": 0.972761, "relative_strength": -17.116525, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.294103, "energy": 7.164032, "activity_lines": [ 0.968333, 0.959291, 0.962905, 0.959404 ] }, { "date": "2025-09-26", "close": 0.981, "volume": 182115, "typical_volume": 558695.6, "trend": 0.967233, "fair_value": 0.974354, "relative_strength": -16.691259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.154006, "energy": 12.030621, "activity_lines": [ 0.974333, 0.963509, 0.9655, 0.960166 ] }, { "date": "2025-10-03", "close": 0.995, "volume": 391343, "typical_volume": 533035.5, "trend": 0.9664, "fair_value": 0.976149, "relative_strength": -16.712507, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.617966, "energy": 25.746692, "activity_lines": [ 0.9826, 0.970891, 0.969124, 0.961957 ] }, { "date": "2025-10-10", "close": 1.016, "volume": 188752, "typical_volume": 518659.5, "trend": 0.964933, "fair_value": 0.978527, "relative_strength": -13.739638, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.79839, "energy": 44.487259, "activity_lines": [ 0.994867, 0.981236, 0.974286, 0.965157 ] }, { "date": "2025-10-17", "close": 0.9985, "volume": 139145, "typical_volume": 517971.7, "trend": 0.96055, "fair_value": 0.981081, "relative_strength": -13.846292, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.116419, "energy": 40.992376, "activity_lines": [ 0.998733, 0.986291, 0.977029, 0.967323 ] }, { "date": "2025-10-24", "close": 0.91, "volume": 377780, "typical_volume": 426254.2, "trend": 0.954883, "fair_value": 0.983069, "relative_strength": -23.096085, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 17.734488, "energy": 8.987115, "activity_lines": [ 0.970867, 0.974373, 0.970874, 0.964061 ] }, { "date": "2025-10-31", "close": 0.88, "volume": 404095, "typical_volume": 387618.0, "trend": 0.951283, "fair_value": 0.985248, "relative_strength": -25.336393, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.093745, "energy": 18.791534, "activity_lines": [ 0.9375, 0.957727, 0.961767, 0.95923 ] }, { "date": "2025-11-07", "close": 0.87, "volume": 352062, "typical_volume": 382166.1, "trend": 0.947417, "fair_value": 0.986883, "relative_strength": -25.074598, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -34.219671, "energy": 38.754216, "activity_lines": [ 0.907533, 0.940445, 0.952326, 0.953986 ] }, { "date": "2025-11-14", "close": 0.92, "volume": 78408, "typical_volume": 313585.2, "trend": 0.946083, "fair_value": 0.989127, "relative_strength": -20.046835, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.708518, "energy": 37.830011, "activity_lines": [ 0.902567, 0.933709, 0.948267, 0.952217 ] }, { "date": "2025-11-21", "close": 0.9, "volume": 186988, "typical_volume": 308519.3, "trend": 0.946183, "fair_value": 0.991114, "relative_strength": -19.615602, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.927871, "energy": 45.318434, "activity_lines": [ 0.897333, 0.924382, 0.942607, 0.949244 ] }, { "date": "2025-11-28", "close": 0.915, "volume": 119131, "typical_volume": 295596.75, "trend": 0.948683, "fair_value": 0.992556, "relative_strength": -19.011431, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.278542, "energy": 41.610537, "activity_lines": [ 0.903667, 0.918964, 0.938852, 0.947232 ] }, { "date": "2025-12-05", "close": 0.914, "volume": 46627, "typical_volume": 292213.0, "trend": 0.948583, "fair_value": 0.99412, "relative_strength": -17.975261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.939857, "energy": 25.056518, "activity_lines": [ 0.909333, 0.9145, 0.935598, 0.944995 ] }, { "date": "2025-12-12", "close": 0.911, "volume": 76131, "typical_volume": 286092.85, "trend": 0.949017, "fair_value": 0.995601, "relative_strength": -17.333737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.607245, "energy": 19.534484, "activity_lines": [ 0.911733, 0.910709, 0.932538, 0.94257 ] }, { "date": "2025-12-19", "close": 0.854, "volume": 542370, "typical_volume": 300269.9, "trend": 0.948883, "fair_value": 0.994024, "relative_strength": -23.442582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.370432, "energy": 30.16679, "activity_lines": [ 0.8924, 0.898082, 0.924226, 0.93644 ] }, { "date": "2025-12-26", "close": 0.869, "volume": 41665, "typical_volume": 293490.45, "trend": 0.94785, "fair_value": 0.991806, "relative_strength": -20.922785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.046992, "energy": 31.555565, "activity_lines": [ 0.882467, 0.891127, 0.917562, 0.931286 ] }, { "date": "2026-01-02", "close": 0.854, "volume": 38857, "typical_volume": 280531.5, "trend": 0.94665, "fair_value": 0.990614, "relative_strength": -21.89156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.339331, "energy": 42.341122, "activity_lines": [ 0.8696, 0.8838, 0.909855, 0.925231 ] }, { "date": "2026-01-09", "close": 0.845, "volume": 155749, "typical_volume": 280941.3, "trend": 0.94115, "fair_value": 0.988755, "relative_strength": -23.03211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.929428, "energy": 48.478961, "activity_lines": [ 0.8578, 0.875855, 0.901748, 0.918673 ] }, { "date": "2026-01-16", "close": 0.8, "volume": 73616, "typical_volume": 277675.5, "trend": 0.934483, "fair_value": 0.986607, "relative_strength": -26.982399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.802591, "energy": 54.603496, "activity_lines": [ 0.8356, 0.860364, 0.889831, 0.909567 ] }, { "date": "2026-01-23", "close": 0.81, "volume": 57581, "typical_volume": 270370.5, "trend": 0.928683, "fair_value": 0.984524, "relative_strength": -24.5533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.31721, "energy": 57.579643, "activity_lines": [ 0.824133, 0.847964, 0.879581, 0.901535 ] }, { "date": "2026-01-30", "close": 0.869, "volume": 102972, "typical_volume": 211078.5, "trend": 0.924317, "fair_value": 0.982723, "relative_strength": -18.83732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.547596, "energy": 42.907583, "activity_lines": [ 0.835267, 0.848291, 0.875748, 0.897685 ] }, { "date": "2026-02-06", "close": 0.776, "volume": 410975, "typical_volume": 198318.1, "trend": 0.915517, "fair_value": 0.980486, "relative_strength": -27.770026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.383454, "energy": 50.686718, "activity_lines": [ 0.8154, 0.832273, 0.863514, 0.888116 ] }, { "date": "2026-02-13", "close": 0.829, "volume": 160618, "typical_volume": 197243.25, "trend": 0.909317, "fair_value": 0.978588, "relative_strength": -22.700998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.156747, "energy": 34.642467, "activity_lines": [ 0.8184, 0.828418, 0.857288, 0.882534 ] }, { "date": "2026-02-20", "close": 0.708, "volume": 1350527, "typical_volume": 245202.45, "trend": 0.901317, "fair_value": 0.975914, "relative_strength": -34.840026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.728983, "energy": 46.240768, "activity_lines": [ 0.782133, 0.804109, 0.840262, 0.869546 ] }, { "date": "2026-02-27", "close": 0.759, "volume": 130925, "typical_volume": 242311.1, "trend": 0.896617, "fair_value": 0.973745, "relative_strength": -30.945205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.533886, "energy": 52.060799, "activity_lines": [ 0.769, 0.792764, 0.82946, 0.860365 ] }, { "date": "2026-03-06", "close": 0.649, "volume": 567734, "typical_volume": 263740.55, "trend": 0.886583, "fair_value": 0.971623, "relative_strength": -36.702873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.775795, "energy": 65.747909, "activity_lines": [ 0.7226, 0.763145, 0.809405, 0.844389 ] }, { "date": "2026-03-13", "close": 0.623, "volume": 927602, "typical_volume": 291231.65, "trend": 0.875683, "fair_value": 0.970232, "relative_strength": -38.360766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.073417, "energy": 76.941464, "activity_lines": [ 0.6822, 0.7328, 0.788538, 0.827384 ] }, { "date": "2026-03-20", "close": 0.594, "volume": 356705, "typical_volume": 288862.15, "trend": 0.863983, "fair_value": 0.96904, "relative_strength": -38.346011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.344594, "energy": 80.301537, "activity_lines": [ 0.642333, 0.701382, 0.766276, 0.809211 ] }, { "date": "2026-03-27", "close": 0.595, "volume": 116989, "typical_volume": 277108.5, "trend": 0.85215, "fair_value": 0.967769, "relative_strength": -37.744922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.204143, "energy": 82.10152, "activity_lines": [ 0.618467, 0.674709, 0.745471, 0.791857 ] }, { "date": "2026-04-03", "close": 0.56, "volume": 83742, "typical_volume": 277375.2, "trend": 0.838233, "fair_value": 0.966365, "relative_strength": -43.254305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.15574, "energy": 83.16041, "activity_lines": [ 0.590467, 0.6454, 0.722643, 0.773009 ] }, { "date": "2026-04-10", "close": 0.546, "volume": 113949, "typical_volume": 273723.25, "trend": 0.824267, "fair_value": 0.963526, "relative_strength": -44.717127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.208677, "energy": 82.179379, "activity_lines": [ 0.571067, 0.618091, 0.700195, 0.754155 ] }, { "date": "2026-04-17", "close": 0.54, "volume": 1082008, "typical_volume": 321867.1, "trend": 0.809683, "fair_value": 0.960603, "relative_strength": -44.925301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.957746, "energy": 76.882793, "activity_lines": [ 0.556533, 0.595564, 0.678862, 0.735815 ] }, { "date": "2026-04-24", "close": 0.416, "volume": 4133371, "typical_volume": 526204.3, "trend": 0.79085, "fair_value": 0.956667, "relative_strength": -55.777343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.46372, "energy": 84.880011, "activity_lines": [ 0.5062, 0.554782, 0.647505, 0.710416 ] }, { "date": "2026-05-01", "close": 0.392, "volume": 1124473, "typical_volume": 578621.4, "trend": 0.77075, "fair_value": 0.952731, "relative_strength": -57.730378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.863174, "energy": 89.22562, "activity_lines": [ 0.459733, 0.517145, 0.616233, 0.684684 ] }, { "date": "2026-05-08", "close": 0.387, "volume": 1876584, "typical_volume": 645332.1, "trend": 0.749783, "fair_value": 0.948692, "relative_strength": -57.096474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.377258, "energy": 91.264115, "activity_lines": [ 0.425133, 0.484345, 0.586957, 0.659926 ] }, { "date": "2026-05-15", "close": 0.351, "volume": 1269738, "typical_volume": 706735.75, "trend": 0.7282, "fair_value": 0.944494, "relative_strength": -60.346923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.284265, "energy": 92.457597, "activity_lines": [ 0.390067, 0.451764, 0.556476, 0.634198 ] }, { "date": "2026-05-22", "close": 0.36, "volume": 2677824, "typical_volume": 838684.1, "trend": 0.709867, "fair_value": 0.940494, "relative_strength": -59.812962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.493567, "energy": 89.894599, "activity_lines": [ 0.371, 0.426236, 0.529319, 0.610443 ] }, { "date": "2026-05-29", "close": 0.364, "volume": 1077116, "typical_volume": 884752.45, "trend": 0.692667, "fair_value": 0.936394, "relative_strength": -58.51357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.97807, "energy": 88.01667, "activity_lines": [ 0.365267, 0.406218, 0.504895, 0.588129 ] }, { "date": "2026-06-05", "close": 0.359, "volume": 840077, "typical_volume": 923075.5, "trend": 0.675633, "fair_value": 0.93242, "relative_strength": -58.292075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.56138, "energy": 87.569536, "activity_lines": [ 0.361333, 0.389473, 0.482286, 0.566602 ] }, { "date": "2026-06-12", "close": 0.261, "volume": 234239, "typical_volume": 931908.4, "trend": 0.653667, "fair_value": 0.927772, "relative_strength": -69.344143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.49239, "energy": 92.731574, "activity_lines": [ 0.326933, 0.3592, 0.452443, 0.539852 ] }, { "date": "2026-06-19", "close": 0.274, "volume": 998283, "typical_volume": 976673.95, "trend": 0.6328, "fair_value": 0.92324, "relative_strength": -66.793135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.332507, "energy": 84.488066, "activity_lines": [ 0.305267, 0.336727, 0.426452, 0.515357 ] }, { "date": "2026-06-26", "close": 0.322, "volume": 574303, "typical_volume": 984840.35, "trend": 0.613033, "fair_value": 0.919119, "relative_strength": -60.74345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.908943, "energy": 67.312744, "activity_lines": [ 0.304733, 0.327927, 0.407867, 0.495305 ] }, { "date": "2026-07-03", "close": 0.34, "volume": 200635, "typical_volume": 986841.2, "trend": 0.5939, "fair_value": 0.915407, "relative_strength": -58.376969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.393183, "energy": 66.482555, "activity_lines": [ 0.312733, 0.326364, 0.393157, 0.47769 ] }, { "date": "2026-07-10", "close": 0.324, "volume": 916987, "typical_volume": 965164.2, "trend": 0.574333, "fair_value": 0.911574, "relative_strength": -58.763235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.659938, "energy": 62.80951, "activity_lines": [ 0.317, 0.323273, 0.379252, 0.460277 ] }, { "date": "2026-07-17", "close": 0.32, "volume": 2944270, "typical_volume": 1105831.45, "trend": 0.556533, "fair_value": 0.908054, "relative_strength": -58.792997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.725943, "energy": 54.682949, "activity_lines": [ 0.322267, 0.320691, 0.366795, 0.443869 ] }, { "date": "2026-07-24", "close": 0.315, "volume": 426006, "typical_volume": 1098745.05, "trend": 0.538067, "fair_value": 0.905029, "relative_strength": -59.149922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.718993, "energy": 55.90744, "activity_lines": [ 0.321933, 0.318418, 0.355952, 0.428286 ] }, { "date": "2026-07-31", "close": 0.348, "volume": 2876339, "typical_volume": 1196181.9, "trend": 0.5212, "fair_value": 0.902176, "relative_strength": -54.600961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.956806, "energy": 52.191972, "activity_lines": [ 0.329867, 0.3228, 0.349843, 0.416024 ] }, { "date": "2026-08-07", "close": 0.338, "volume": 858430, "typical_volume": 1221268.15, "trend": 0.5043, "fair_value": 0.899253, "relative_strength": -55.140768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.166562, "energy": 46.482048, "activity_lines": [ 0.332733, 0.325582, 0.34409, 0.404204 ] } ], "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." } } }