{ "ticker": { "uuid": "26154771-b109-4d3e-a4b1-eda252891a0c", "symbol": "U9E", "name": "China Everbright Water Limited", "exchange": "SES", "country": "SG", "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": "^STI", "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": -32.015, "architecture_energy": 19.222, "architecture_maturity": 91.895, "architecture_confidence": 75.906, "architecture_tenure": "Established", "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": 43.56, "rotation_up": 29.46, "upward_expansion": 17.61, "deceleration": 46.92, "rotation_down": 26.49, "downward_expansion": 56.27 }, "activity_lines": [ 0.224667, 0.223364, 0.224507, 0.22649 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 0.225, "trend_reference": 0.23108, "distance_from_trend": -0.02631, "trend_direction": "Weakening", "fair_value": 0.212246, "distance_from_fair_value": 0.06009, "fair_value_direction": "Weakening", "relative_strength": -20.412488, "relative_strength_direction": "Weakening", "price_momentum": -0.108438, "excess_performance": -0.263273, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.02631, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.030218, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.06009, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.07355, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.204125, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.109434, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.108438, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.067105, "read": "Supply-led" } ], "volume": { "latest": 940700, "relative_activity": 1.615185, "balance": 0.067105, "dry_up": 0.918769, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.02906, "annualized_volatility": 0.14602, "from_high_reference": -0.15707, "from_low_reference": 0.159029 }, "levels": { "trend_reference": 0.23108, "fair_value_reference": 0.212246, "structural_low": 0.194128, "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": 0.0, "positive_rate": 0.473684, "directional_follow_through": 0.368421, "median_excess_return": -0.016905, "regime_survival": 0.894737, "best_return": 0.075005, "worst_return": -0.113204, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.025177, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.047491, "regime_survival": 0.666667, "best_return": 0.079245, "worst_return": -0.111113, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.068561, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.057108, "regime_survival": 0.666667, "best_return": -0.019401, "worst_return": -0.142943, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.014586, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.001152, "regime_survival": 0.5, "best_return": 0.230874, "worst_return": -0.201703, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-08-04", "end": "2023-08-11", "tenure": "New", "return": 0.069766, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-08-18", "end": "2023-09-01", "tenure": "New", "return": -0.039558, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-08", "end": "2023-11-10", "tenure": "Developing", "return": -0.04651, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-17", "end": "2024-01-26", "tenure": "Developing", "return": 0.024389, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-02", "end": "2024-07-19", "tenure": "Established", "return": 0.195457, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-26", "end": "2024-10-04", "tenure": "Developing", "return": 0.130059, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": -0.038462, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-07-04", "tenure": "Established", "return": 0.02307, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-21", "tenure": "Established", "return": 0.060804, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-02-06", "tenure": "Developing", "return": 0.019607, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": -0.076924, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.041665, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": 0.007852, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.174604, "volume": 2413500, "typical_volume": 1258180.0, "trend": 0.167067, "fair_value": 0.180665, "relative_strength": 1.785487, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.433305, "energy": 48.505297, "activity_lines": [ 0.171758, 0.168254, 0.165995, 0.165432 ] }, { "date": "2023-08-25", "close": 0.171787, "volume": 1414900, "typical_volume": 1284080.0, "trend": 0.166449, "fair_value": 0.180822, "relative_strength": -0.067263, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.740471, "energy": 49.157386, "activity_lines": [ 0.17263, 0.169294, 0.166645, 0.165736 ] }, { "date": "2023-09-01", "close": 0.167697, "volume": 225300, "typical_volume": 1236970.0, "trend": 0.165695, "fair_value": 0.180953, "relative_strength": -3.377413, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 54.636784, "energy": 56.238767, "activity_lines": [ 0.17155, 0.16943, 0.166852, 0.165817 ] }, { "date": "2023-09-08", "close": 0.175877, "volume": 799900, "typical_volume": 1261830.0, "trend": 0.165463, "fair_value": 0.181136, "relative_strength": 2.355018, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.390393, "energy": 49.723136, "activity_lines": [ 0.172882, 0.170897, 0.167822, 0.166474 ] }, { "date": "2023-09-15", "close": 0.179967, "volume": 267400, "typical_volume": 1207805.0, "trend": 0.165366, "fair_value": 0.181366, "relative_strength": 2.615176, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.611402, "energy": 49.423023, "activity_lines": [ 0.174974, 0.172943, 0.169125, 0.16741 ] }, { "date": "2023-09-22", "close": 0.175877, "volume": 1096700, "typical_volume": 1200285.0, "trend": 0.165507, "fair_value": 0.181591, "relative_strength": 2.765879, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.8164, "energy": 41.223596, "activity_lines": [ 0.175604, 0.173936, 0.169982, 0.168088 ] }, { "date": "2023-09-29", "close": 0.162789, "volume": 8159800, "typical_volume": 1559700.0, "trend": 0.165709, "fair_value": 0.181711, "relative_strength": -5.027036, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.106166, "energy": 19.949894, "activity_lines": [ 0.171787, 0.172314, 0.16953, 0.167912 ] }, { "date": "2023-10-06", "close": 0.163607, "volume": 1106400, "typical_volume": 1591850.0, "trend": 0.165938, "fair_value": 0.181836, "relative_strength": -3.025646, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.595736, "energy": 11.14548, "activity_lines": [ 0.168842, 0.170845, 0.169176, 0.167777 ] }, { "date": "2023-10-13", "close": 0.163607, "volume": 664100, "typical_volume": 1579320.0, "trend": 0.165918, "fair_value": 0.182002, "relative_strength": -3.15022, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.497612, "energy": 18.13968, "activity_lines": [ 0.16617, 0.169364, 0.168837, 0.167626 ] }, { "date": "2023-10-20", "close": 0.163607, "volume": 991500, "typical_volume": 1398330.0, "trend": 0.166147, "fair_value": 0.182168, "relative_strength": 0.498403, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -15.399122, "energy": 24.224185, "activity_lines": [ 0.164316, 0.167942, 0.168514, 0.167477 ] }, { "date": "2023-10-27", "close": 0.163607, "volume": 876600, "typical_volume": 1308635.0, "trend": 0.166252, "fair_value": 0.182334, "relative_strength": 1.039087, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -14.85514, "energy": 23.154119, "activity_lines": [ 0.163552, 0.16679, 0.168151, 0.167314 ] }, { "date": "2023-11-03", "close": 0.163607, "volume": 508500, "typical_volume": 1300570.0, "trend": 0.166356, "fair_value": 0.182521, "relative_strength": -1.318775, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -15.460155, "energy": 24.891012, "activity_lines": [ 0.163607, 0.165838, 0.167784, 0.167143 ] }, { "date": "2023-11-10", "close": 0.167697, "volume": 287900, "typical_volume": 1274020.0, "trend": 0.166473, "fair_value": 0.182693, "relative_strength": 2.451597, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -11.678359, "energy": 13.757507, "activity_lines": [ 0.16497, 0.165778, 0.167804, 0.167229 ] }, { "date": "2023-11-17", "close": 0.167697, "volume": 1232000, "typical_volume": 1256045.0, "trend": 0.16659, "fair_value": 0.182865, "relative_strength": 1.986565, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.889388, "energy": 4.37755, "activity_lines": [ 0.166061, 0.165719, 0.167783, 0.167308 ] }, { "date": "2023-11-24", "close": 0.163607, "volume": 728500, "typical_volume": 1261715.0, "trend": 0.166445, "fair_value": 0.183011, "relative_strength": 0.545287, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.23428, "energy": 4.586895, "activity_lines": [ 0.165516, 0.165065, 0.167369, 0.167116 ] }, { "date": "2023-12-01", "close": 0.163607, "volume": 97800, "typical_volume": 1251905.0, "trend": 0.166467, "fair_value": 0.183136, "relative_strength": 0.850644, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.81188, "energy": 4.583264, "activity_lines": [ 0.16497, 0.164708, 0.166951, 0.166933 ] }, { "date": "2023-12-08", "close": 0.163607, "volume": 1380200, "typical_volume": 1285575.0, "trend": 0.166359, "fair_value": 0.183282, "relative_strength": 0.326048, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.953013, "energy": 14.76608, "activity_lines": [ 0.164425, 0.164574, 0.16653, 0.166748 ] }, { "date": "2023-12-15", "close": 0.163607, "volume": 1090400, "typical_volume": 1317380.0, "trend": 0.166251, "fair_value": 0.183407, "relative_strength": 0.284422, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.087984, "energy": 24.272966, "activity_lines": [ 0.16388, 0.164425, 0.166106, 0.166571 ] }, { "date": "2023-12-22", "close": 0.167697, "volume": 1310400, "typical_volume": 1358130.0, "trend": 0.16628, "fair_value": 0.183599, "relative_strength": 2.071446, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.26808, "energy": 10.334876, "activity_lines": [ 0.16497, 0.16502, 0.166069, 0.166664 ] }, { "date": "2023-12-29", "close": 0.167697, "volume": 589300, "typical_volume": 1262055.0, "trend": 0.166696, "fair_value": 0.18373, "relative_strength": -0.913649, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.0146, "energy": 2.990537, "activity_lines": [ 0.166061, 0.16554, 0.166028, 0.166755 ] }, { "date": "2024-01-05", "close": 0.179967, "volume": 1415400, "typical_volume": 1212150.0, "trend": 0.167263, "fair_value": 0.18396, "relative_strength": 8.222335, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 46.066519, "energy": 45.195267, "activity_lines": [ 0.170969, 0.168218, 0.167206, 0.167612 ] }, { "date": "2024-01-12", "close": 0.171787, "volume": 1068000, "typical_volume": 1194805.0, "trend": 0.167557, "fair_value": 0.184056, "relative_strength": 3.213677, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.253089, "energy": 48.639115, "activity_lines": [ 0.17206, 0.16911, 0.16758, 0.167904 ] }, { "date": "2024-01-19", "close": 0.171787, "volume": 1766000, "typical_volume": 1271840.0, "trend": 0.16798, "fair_value": 0.184192, "relative_strength": 4.587796, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.863879, "energy": 45.738036, "activity_lines": [ 0.172605, 0.169854, 0.167954, 0.168176 ] }, { "date": "2024-01-26", "close": 0.171787, "volume": 541400, "typical_volume": 1258915.0, "trend": 0.168145, "fair_value": 0.18437, "relative_strength": 4.413693, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.817594, "energy": 50.995502, "activity_lines": [ 0.172605, 0.170523, 0.168309, 0.168422 ] }, { "date": "2024-02-02", "close": 0.171787, "volume": 729500, "typical_volume": 1282020.0, "trend": 0.168439, "fair_value": 0.184568, "relative_strength": 3.833884, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.80718, "energy": 29.905928, "activity_lines": [ 0.172332, 0.171118, 0.168682, 0.168657 ] }, { "date": "2024-02-09", "close": 0.175877, "volume": 934300, "typical_volume": 1273900.0, "trend": 0.16887, "fair_value": 0.184772, "relative_strength": 7.645847, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.011482, "energy": 33.239813, "activity_lines": [ 0.17315, 0.172308, 0.169485, 0.169137 ] }, { "date": "2024-02-16", "close": 0.179967, "volume": 73000, "typical_volume": 869560.0, "trend": 0.169437, "fair_value": 0.185002, "relative_strength": 7.253363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.111403, "energy": 48.30294, "activity_lines": [ 0.175604, 0.174018, 0.170677, 0.169853 ] }, { "date": "2024-02-23", "close": 0.184058, "volume": 997600, "typical_volume": 864120.0, "trend": 0.17014, "fair_value": 0.185258, "relative_strength": 10.742235, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.799383, "energy": 70.186305, "activity_lines": [ 0.178877, 0.176175, 0.172177, 0.170796 ] }, { "date": "2024-03-01", "close": 0.179967, "volume": 2148800, "typical_volume": 938355.0, "trend": 0.170577, "fair_value": 0.185427, "relative_strength": 9.618578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.938931, "energy": 66.925828, "activity_lines": [ 0.179967, 0.177216, 0.173189, 0.17143 ] }, { "date": "2024-03-08", "close": 0.175877, "volume": 1827200, "typical_volume": 980140.0, "trend": 0.17049, "fair_value": 0.185569, "relative_strength": 6.485164, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.903524, "energy": 59.420949, "activity_lines": [ 0.179149, 0.17729, 0.173735, 0.171772 ] }, { "date": "2024-03-15", "close": 0.184058, "volume": 2117100, "typical_volume": 1042165.0, "trend": 0.170805, "fair_value": 0.185743, "relative_strength": 10.270104, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.915203, "energy": 57.04562, "activity_lines": [ 0.180785, 0.178703, 0.175001, 0.172647 ] }, { "date": "2024-03-22", "close": 0.184058, "volume": 1293300, "typical_volume": 1081405.0, "trend": 0.171214, "fair_value": 0.185917, "relative_strength": 8.394501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.931981, "energy": 44.709512, "activity_lines": [ 0.181876, 0.180042, 0.176169, 0.173502 ] }, { "date": "2024-03-29", "close": 0.175877, "volume": 550200, "typical_volume": 1094520.0, "trend": 0.171487, "fair_value": 0.185998, "relative_strength": 3.182752, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.985862, "energy": 33.447517, "activity_lines": [ 0.179967, 0.17967, 0.176462, 0.173803 ] }, { "date": "2024-04-05", "close": 0.179967, "volume": 1644000, "typical_volume": 1115120.0, "trend": 0.171623, "fair_value": 0.186105, "relative_strength": 5.490726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.012191, "energy": 31.117702, "activity_lines": [ 0.179967, 0.179967, 0.177104, 0.17435 ] }, { "date": "2024-04-12", "close": 0.184058, "volume": 987000, "typical_volume": 1128045.0, "trend": 0.17176, "fair_value": 0.186238, "relative_strength": 7.641186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.734061, "energy": 38.299021, "activity_lines": [ 0.181331, 0.18086, 0.178078, 0.175152 ] }, { "date": "2024-04-19", "close": 0.179967, "volume": 1113100, "typical_volume": 1178810.0, "trend": 0.171896, "fair_value": 0.186365, "relative_strength": 6.309362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.399393, "energy": 25.414781, "activity_lines": [ 0.180785, 0.180785, 0.178565, 0.175682 ] }, { "date": "2024-04-26", "close": 0.188148, "volume": 1141500, "typical_volume": 1166875.0, "trend": 0.172741, "fair_value": 0.186395, "relative_strength": 7.39893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.484397, "energy": 49.74121, "activity_lines": [ 0.18324, 0.182124, 0.179753, 0.17673 ] }, { "date": "2024-05-03", "close": 0.192529, "volume": 709400, "typical_volume": 1147825.0, "trend": 0.173706, "fair_value": 0.186518, "relative_strength": 9.134346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.254923, "energy": 65.835413, "activity_lines": [ 0.186881, 0.184111, 0.181242, 0.178007 ] }, { "date": "2024-05-10", "close": 0.196807, "volume": 2767100, "typical_volume": 1220660.0, "trend": 0.174812, "fair_value": 0.186711, "relative_strength": 11.322934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.937419, "energy": 76.481109, "activity_lines": [ 0.190839, 0.186721, 0.183, 0.179497 ] }, { "date": "2024-05-17", "close": 0.209643, "volume": 4523500, "typical_volume": 1417370.0, "trend": 0.176347, "fair_value": 0.186943, "relative_strength": 17.299162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.241589, "energy": 90.117171, "activity_lines": [ 0.197953, 0.191359, 0.185842, 0.181745 ] }, { "date": "2024-05-24", "close": 0.205364, "volume": 2139900, "typical_volume": 1453595.0, "trend": 0.177739, "fair_value": 0.187147, "relative_strength": 14.394411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.333267, "energy": 88.155948, "activity_lines": [ 0.201935, 0.194605, 0.188077, 0.183617 ] }, { "date": "2024-05-31", "close": 0.209643, "volume": 2266100, "typical_volume": 1513500.0, "trend": 0.179273, "fair_value": 0.187401, "relative_strength": 15.510006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.439521, "energy": 90.991321, "activity_lines": [ 0.20565, 0.198241, 0.190598, 0.185675 ] }, { "date": "2024-06-07", "close": 0.213921, "volume": 467700, "typical_volume": 1448585.0, "trend": 0.180814, "fair_value": 0.187682, "relative_strength": 17.529104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.553341, "energy": 92.048766, "activity_lines": [ 0.209357, 0.20219, 0.193347, 0.18791 ] }, { "date": "2024-06-14", "close": 0.222478, "volume": 1447700, "typical_volume": 1493900.0, "trend": 0.18264, "fair_value": 0.187996, "relative_strength": 22.706923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.365876, "energy": 92.573458, "activity_lines": [ 0.214492, 0.207004, 0.196709, 0.190598 ] }, { "date": "2024-06-21", "close": 0.213921, "volume": 907800, "typical_volume": 1502815.0, "trend": 0.184317, "fair_value": 0.188234, "relative_strength": 17.076471, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.311368, "energy": 76.947098, "activity_lines": [ 0.215062, 0.209488, 0.199016, 0.192617 ] }, { "date": "2024-06-28", "close": 0.213921, "volume": 1367800, "typical_volume": 1524490.0, "trend": 0.185994, "fair_value": 0.188494, "relative_strength": 15.647061, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.624057, "energy": 65.111346, "activity_lines": [ 0.215347, 0.21143, 0.201122, 0.194526 ] }, { "date": "2024-07-05", "close": 0.218199, "volume": 1146100, "typical_volume": 1578145.0, "trend": 0.187814, "fair_value": 0.188802, "relative_strength": 14.78204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.906477, "energy": 65.675404, "activity_lines": [ 0.216488, 0.213532, 0.203454, 0.196604 ] }, { "date": "2024-07-12", "close": 0.213921, "volume": 552400, "typical_volume": 1555885.0, "trend": 0.189491, "fair_value": 0.189062, "relative_strength": 9.318856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.39673, "energy": 54.927514, "activity_lines": [ 0.215632, 0.21431, 0.205197, 0.198288 ] }, { "date": "2024-07-19", "close": 0.205364, "volume": 949600, "typical_volume": 1495925.0, "trend": 0.190747, "fair_value": 0.189288, "relative_strength": 6.115157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.25257, "energy": 40.669888, "activity_lines": [ 0.211924, 0.213143, 0.205982, 0.199313 ] }, { "date": "2024-07-26", "close": 0.209643, "volume": 187800, "typical_volume": 1413955.0, "trend": 0.192145, "fair_value": 0.189606, "relative_strength": 8.515495, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.847922, "energy": 33.346265, "activity_lines": [ 0.210784, 0.212599, 0.207054, 0.200532 ] }, { "date": "2024-08-02", "close": 0.209643, "volume": 978400, "typical_volume": 1357020.0, "trend": 0.193134, "fair_value": 0.189966, "relative_strength": 9.53724, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.941947, "energy": 25.179478, "activity_lines": [ 0.209928, 0.212054, 0.207966, 0.201661 ] }, { "date": "2024-08-09", "close": 0.209643, "volume": 1281800, "typical_volume": 1356445.0, "trend": 0.194396, "fair_value": 0.190156, "relative_strength": 13.166234, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.292274, "energy": 22.626314, "activity_lines": [ 0.209358, 0.211432, 0.208755, 0.202726 ] }, { "date": "2024-08-16", "close": 0.209643, "volume": 1059100, "typical_volume": 1381890.0, "trend": 0.195658, "fair_value": 0.190388, "relative_strength": 9.813396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.548971, "energy": 23.065163, "activity_lines": [ 0.209358, 0.21081, 0.209423, 0.203709 ] }, { "date": "2024-08-23", "close": 0.209643, "volume": 1343400, "typical_volume": 1366860.0, "trend": 0.19692, "fair_value": 0.190598, "relative_strength": 8.381969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.583524, "energy": 22.033044, "activity_lines": [ 0.209643, 0.210265, 0.20993, 0.204612 ] }, { "date": "2024-08-30", "close": 0.21009, "volume": 749600, "typical_volume": 1354990.0, "trend": 0.198196, "fair_value": 0.190789, "relative_strength": 6.551309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.453893, "energy": 18.077202, "activity_lines": [ 0.209792, 0.210035, 0.210338, 0.205461 ] }, { "date": "2024-09-06", "close": 0.21009, "volume": 597200, "typical_volume": 1329195.0, "trend": 0.199337, "fair_value": 0.190891, "relative_strength": 5.982255, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.205031, "energy": 20.171213, "activity_lines": [ 0.209911, 0.209875, 0.210622, 0.206229 ] }, { "date": "2024-09-13", "close": 0.20562, "volume": 668300, "typical_volume": 1305535.0, "trend": 0.200192, "fair_value": 0.190831, "relative_strength": 0.481358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.557719, "energy": 10.66715, "activity_lines": [ 0.208511, 0.208972, 0.210337, 0.206634 ] }, { "date": "2024-09-20", "close": 0.20562, "volume": 546400, "typical_volume": 1297385.0, "trend": 0.200911, "fair_value": 0.190815, "relative_strength": -1.30144, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.497941, "energy": 8.350874, "activity_lines": [ 0.207378, 0.208297, 0.209969, 0.206984 ] }, { "date": "2024-09-27", "close": 0.21903, "volume": 1882400, "typical_volume": 1253150.0, "trend": 0.202213, "fair_value": 0.190886, "relative_strength": 6.267292, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.324393, "energy": 24.234275, "activity_lines": [ 0.210984, 0.210212, 0.210815, 0.208153 ] }, { "date": "2024-10-04", "close": 0.236909, "volume": 7482100, "typical_volume": 1401080.0, "trend": 0.204247, "fair_value": 0.190915, "relative_strength": 13.887318, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 79.261737, "energy": 66.920513, "activity_lines": [ 0.219924, 0.215129, 0.213259, 0.210392 ] }, { "date": "2024-10-11", "close": 0.232439, "volume": 3766000, "typical_volume": 1482385.0, "trend": 0.20586, "fair_value": 0.191005, "relative_strength": 11.711792, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.94866, "energy": 76.044717, "activity_lines": [ 0.225585, 0.218737, 0.215147, 0.21221 ] }, { "date": "2024-10-18", "close": 0.227969, "volume": 1181700, "typical_volume": 1428165.0, "trend": 0.207324, "fair_value": 0.191044, "relative_strength": 7.229376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.406987, "energy": 74.30582, "activity_lines": [ 0.228267, 0.221118, 0.21648, 0.213637 ] }, { "date": "2024-10-25", "close": 0.223499, "volume": 918300, "typical_volume": 1450695.0, "trend": 0.208911, "fair_value": 0.191054, "relative_strength": 6.189003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.015203, "energy": 72.256833, "activity_lines": [ 0.227969, 0.222353, 0.2173, 0.21468 ] }, { "date": "2024-11-01", "close": 0.223499, "volume": 250200, "typical_volume": 1390820.0, "trend": 0.210362, "fair_value": 0.191109, "relative_strength": 6.943499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.613177, "energy": 49.889194, "activity_lines": [ 0.226479, 0.223337, 0.218075, 0.215622 ] }, { "date": "2024-11-08", "close": 0.223499, "volume": 636600, "typical_volume": 1377260.0, "trend": 0.211677, "fair_value": 0.191208, "relative_strength": 1.891438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.172624, "energy": 35.427022, "activity_lines": [ 0.224691, 0.224068, 0.218845, 0.216469 ] }, { "date": "2024-11-15", "close": 0.214559, "volume": 1565300, "typical_volume": 1387135.0, "trend": 0.21283, "fair_value": 0.19125, "relative_strength": -2.830385, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.744961, "energy": 15.889033, "activity_lines": [ 0.220817, 0.22293, 0.218718, 0.216655 ] }, { "date": "2024-11-22", "close": 0.21009, "volume": 542700, "typical_volume": 1356965.0, "trend": 0.213561, "fair_value": 0.191307, "relative_strength": -4.987571, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.121925, "energy": 14.521204, "activity_lines": [ 0.216645, 0.220899, 0.218162, 0.216478 ] }, { "date": "2024-11-29", "close": 0.21009, "volume": 399100, "typical_volume": 1349300.0, "trend": 0.214147, "fair_value": 0.191276, "relative_strength": -4.917012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.470967, "energy": 20.118616, "activity_lines": [ 0.213666, 0.218786, 0.217645, 0.216254 ] }, { "date": "2024-12-06", "close": 0.21903, "volume": 700000, "typical_volume": 1336820.0, "trend": 0.214887, "fair_value": 0.191302, "relative_strength": -2.517877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 1.221978, "energy": 14.912041, "activity_lines": [ 0.21456, 0.218217, 0.217997, 0.216569 ] }, { "date": "2024-12-13", "close": 0.21009, "volume": 994600, "typical_volume": 1377160.0, "trend": 0.214902, "fair_value": 0.191271, "relative_strength": -6.924786, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.330531, "energy": 21.620463, "activity_lines": [ 0.212772, 0.216023, 0.217433, 0.21626 ] }, { "date": "2024-12-20", "close": 0.214559, "volume": 303100, "typical_volume": 1343395.0, "trend": 0.215209, "fair_value": 0.191268, "relative_strength": -2.769405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.739742, "energy": 14.689171, "activity_lines": [ 0.213368, 0.215128, 0.217293, 0.216238 ] }, { "date": "2024-12-27", "close": 0.214559, "volume": 137400, "typical_volume": 1286175.0, "trend": 0.215373, "fair_value": 0.191243, "relative_strength": -4.261531, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.695138, "energy": 9.433974, "activity_lines": [ 0.213963, 0.214559, 0.217129, 0.216196 ] }, { "date": "2025-01-03", "close": 0.214559, "volume": 187800, "typical_volume": 1242610.0, "trend": 0.215394, "fair_value": 0.191174, "relative_strength": -5.019541, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.913813, "energy": 7.760663, "activity_lines": [ 0.214261, 0.214234, 0.216941, 0.216143 ] }, { "date": "2025-01-10", "close": 0.21903, "volume": 172000, "typical_volume": 1184040.0, "trend": 0.215279, "fair_value": 0.191155, "relative_strength": -3.152337, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.361978, "energy": 8.606757, "activity_lines": [ 0.215751, 0.214885, 0.217156, 0.216378 ] }, { "date": "2025-01-17", "close": 0.214559, "volume": 460400, "typical_volume": 1169580.0, "trend": 0.2153, "fair_value": 0.191108, "relative_strength": -5.414053, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.743388, "energy": 5.635158, "activity_lines": [ 0.215751, 0.214803, 0.216901, 0.216331 ] }, { "date": "2025-01-24", "close": 0.21009, "volume": 393100, "typical_volume": 1159375.0, "trend": 0.215173, "fair_value": 0.191077, "relative_strength": -7.251016, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.772902, "energy": 10.212742, "activity_lines": [ 0.213964, 0.214072, 0.216198, 0.215995 ] }, { "date": "2025-01-31", "close": 0.214559, "volume": 15200, "typical_volume": 1126720.0, "trend": 0.215051, "fair_value": 0.19103, "relative_strength": -6.593585, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.879628, "energy": 8.681418, "activity_lines": [ 0.213963, 0.214234, 0.215922, 0.215956 ] }, { "date": "2025-02-07", "close": 0.21009, "volume": 392200, "typical_volume": 1119010.0, "trend": 0.214924, "fair_value": 0.190954, "relative_strength": -8.623545, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.641007, "energy": 23.744203, "activity_lines": [ 0.212474, 0.213503, 0.215177, 0.215636 ] }, { "date": "2025-02-14", "close": 0.21903, "volume": 1616400, "typical_volume": 1105710.0, "trend": 0.215379, "fair_value": 0.190958, "relative_strength": -5.149571, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.903874, "energy": 7.378932, "activity_lines": [ 0.214262, 0.214397, 0.215262, 0.215901 ] }, { "date": "2025-02-21", "close": 0.214559, "volume": 1406300, "typical_volume": 801920.0, "trend": 0.215543, "fair_value": 0.190933, "relative_strength": -8.23088, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.641319, "energy": 3.386161, "activity_lines": [ 0.21456, 0.214478, 0.214921, 0.215848 ] }, { "date": "2025-02-28", "close": 0.214559, "volume": 2653000, "typical_volume": 746270.0, "trend": 0.215707, "fair_value": 0.190886, "relative_strength": -7.354948, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.581109, "energy": 2.408087, "activity_lines": [ 0.214857, 0.214478, 0.214687, 0.215784 ] }, { "date": "2025-03-07", "close": 0.214559, "volume": 848900, "typical_volume": 729630.0, "trend": 0.215871, "fair_value": 0.190861, "relative_strength": -7.767377, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.774614, "energy": 13.205354, "activity_lines": [ 0.214857, 0.214478, 0.214538, 0.21571 ] }, { "date": "2025-03-14", "close": 0.21009, "volume": 300000, "typical_volume": 698715.0, "trend": 0.215886, "fair_value": 0.19083, "relative_strength": -7.74454, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.631907, "energy": 26.280023, "activity_lines": [ 0.213367, 0.213665, 0.214027, 0.215337 ] }, { "date": "2025-03-21", "close": 0.21903, "volume": 983800, "typical_volume": 735395.0, "trend": 0.216198, "fair_value": 0.190878, "relative_strength": -5.99087, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -7.327192, "energy": 4.180869, "activity_lines": [ 0.214858, 0.21456, 0.214432, 0.21554 ] }, { "date": "2025-03-28", "close": 0.214559, "volume": 186700, "typical_volume": 712900.0, "trend": 0.216347, "fair_value": 0.190853, "relative_strength": -8.959836, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.643779, "energy": 8.114926, "activity_lines": [ 0.214857, 0.214641, 0.214432, 0.215434 ] }, { "date": "2025-04-04", "close": 0.214559, "volume": 1027900, "typical_volume": 686030.0, "trend": 0.216496, "fair_value": 0.19085, "relative_strength": -5.476983, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.352494, "energy": 7.602805, "activity_lines": [ 0.214857, 0.214722, 0.214474, 0.215319 ] }, { "date": "2025-04-11", "close": 0.20562, "volume": 3388700, "typical_volume": 828330.0, "trend": 0.216496, "fair_value": 0.19079, "relative_strength": -1.376819, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.190621, "energy": 30.338217, "activity_lines": [ 0.211878, 0.213097, 0.213665, 0.214617 ] }, { "date": "2025-04-18", "close": 0.214559, "volume": 735900, "typical_volume": 845170.0, "trend": 0.216794, "fair_value": 0.190788, "relative_strength": -2.869424, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.815902, "energy": 25.694, "activity_lines": [ 0.212473, 0.213259, 0.213729, 0.214492 ] }, { "date": "2025-04-25", "close": 0.214559, "volume": 1608000, "typical_volume": 890570.0, "trend": 0.216645, "fair_value": 0.1908, "relative_strength": -5.458995, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.096366, "energy": 21.768382, "activity_lines": [ 0.212771, 0.21334, 0.213772, 0.214348 ] }, { "date": "2025-05-02", "close": 0.210078, "volume": 358800, "typical_volume": 858780.0, "trend": 0.215751, "fair_value": 0.190784, "relative_strength": -7.833209, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.85903, "energy": 30.134045, "activity_lines": [ 0.211873, 0.212688, 0.213409, 0.213924 ] }, { "date": "2025-05-09", "close": 0.210078, "volume": 1239800, "typical_volume": 905615.0, "trend": 0.215006, "fair_value": 0.190768, "relative_strength": -8.404108, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.979203, "energy": 20.679896, "activity_lines": [ 0.211274, 0.212117, 0.213046, 0.213558 ] }, { "date": "2025-05-16", "close": 0.210078, "volume": 1906800, "typical_volume": 994085.0, "trend": 0.214409, "fair_value": 0.190775, "relative_strength": -8.635919, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.072994, "energy": 24.835147, "activity_lines": [ 0.210974, 0.211628, 0.212704, 0.21324 ] }, { "date": "2025-05-23", "close": 0.210078, "volume": 398800, "typical_volume": 1004635.0, "trend": 0.213962, "fair_value": 0.190782, "relative_strength": -8.038171, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.830402, "energy": 31.336577, "activity_lines": [ 0.210377, 0.21122, 0.212384, 0.212961 ] }, { "date": "2025-05-30", "close": 0.210078, "volume": 697200, "typical_volume": 1030895.0, "trend": 0.213515, "fair_value": 0.190742, "relative_strength": -8.058849, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.548671, "energy": 30.935454, "activity_lines": [ 0.210078, 0.210813, 0.212085, 0.21271 ] }, { "date": "2025-06-06", "close": 0.214746, "volume": 1236600, "typical_volume": 1069705.0, "trend": 0.213223, "fair_value": 0.19071, "relative_strength": -6.66879, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.192638, "energy": 13.24347, "activity_lines": [ 0.211634, 0.211416, 0.212274, 0.21279 ] }, { "date": "2025-06-13", "close": 0.214746, "volume": 1323000, "typical_volume": 1116200.0, "trend": 0.213229, "fair_value": 0.190747, "relative_strength": -5.733591, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.376849, "energy": 10.45759, "activity_lines": [ 0.212879, 0.212017, 0.212461, 0.212888 ] }, { "date": "2025-06-20", "close": 0.219415, "volume": 946100, "typical_volume": 1162745.0, "trend": 0.21354, "fair_value": 0.190813, "relative_strength": -2.72628, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.670762, "energy": 17.170916, "activity_lines": [ 0.215369, 0.213463, 0.213071, 0.213287 ] }, { "date": "2025-06-27", "close": 0.224083, "volume": 943300, "typical_volume": 1190300.0, "trend": 0.214006, "fair_value": 0.190887, "relative_strength": -2.481748, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 40.29333, "energy": 42.294078, "activity_lines": [ 0.218792, 0.215507, 0.214102, 0.213967 ] }, { "date": "2025-07-04", "close": 0.224083, "volume": 327500, "typical_volume": 1125855.0, "trend": 0.214175, "fair_value": 0.190984, "relative_strength": -3.37276, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.785245, "energy": 63.841701, "activity_lines": [ 0.221282, 0.217378, 0.215067, 0.214617 ] }, { "date": "2025-07-11", "close": 0.228751, "volume": 924900, "typical_volume": 1101785.0, "trend": 0.214797, "fair_value": 0.191133, "relative_strength": -2.982186, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.298786, "energy": 74.994704, "activity_lines": [ 0.224394, 0.219924, 0.216452, 0.215558 ] }, { "date": "2025-07-18", "close": 0.228751, "volume": 2404600, "typical_volume": 1089365.0, "trend": 0.21527, "fair_value": 0.19126, "relative_strength": -5.180036, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.463021, "energy": 75.175208, "activity_lines": [ 0.226573, 0.222131, 0.21777, 0.216458 ] }, { "date": "2025-07-25", "close": 0.228751, "volume": 2515600, "typical_volume": 1172700.0, "trend": 0.215743, "fair_value": 0.191433, "relative_strength": -6.538366, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.15352, "energy": 70.761433, "activity_lines": [ 0.227817, 0.223998, 0.21902, 0.217328 ] }, { "date": "2025-08-01", "close": 0.228751, "volume": 7500500, "typical_volume": 1532725.0, "trend": 0.216216, "fair_value": 0.191606, "relative_strength": -3.902781, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.09613, "energy": 61.189843, "activity_lines": [ 0.22844, 0.225526, 0.220203, 0.218167 ] }, { "date": "2025-08-08", "close": 0.23342, "volume": 2153100, "typical_volume": 1591190.0, "trend": 0.216696, "fair_value": 0.191808, "relative_strength": -3.632278, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.78422, "energy": 53.20436, "activity_lines": [ 0.230307, 0.227563, 0.221741, 0.219277 ] }, { "date": "2025-08-15", "close": 0.242757, "volume": 3682900, "typical_volume": 1766000.0, "trend": 0.217636, "fair_value": 0.192048, "relative_strength": 0.617062, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.179253, "energy": 64.344422, "activity_lines": [ 0.234665, 0.230873, 0.2241, 0.220958 ] }, { "date": "2025-08-22", "close": 0.242757, "volume": 2965300, "typical_volume": 1862870.0, "trend": 0.218724, "fair_value": 0.192312, "relative_strength": 0.247235, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.302429, "energy": 69.829855, "activity_lines": [ 0.238088, 0.233674, 0.226325, 0.222579 ] }, { "date": "2025-08-29", "close": 0.24266, "volume": 1895000, "typical_volume": 1788185.0, "trend": 0.219661, "fair_value": 0.192576, "relative_strength": -0.042917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.902643, "energy": 72.938403, "activity_lines": [ 0.240546, 0.235949, 0.228406, 0.224123 ] }, { "date": "2025-09-05", "close": 0.237806, "volume": 3565300, "typical_volume": 1929655.0, "trend": 0.220585, "fair_value": 0.192833, "relative_strength": -2.708122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.950489, "energy": 64.337192, "activity_lines": [ 0.240458, 0.236918, 0.229849, 0.225294 ] }, { "date": "2025-09-12", "close": 0.24266, "volume": 2299800, "typical_volume": 1964245.0, "trend": 0.221373, "fair_value": 0.19312, "relative_strength": -1.509453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.697528, "energy": 51.853178, "activity_lines": [ 0.241385, 0.23852, 0.231643, 0.226718 ] }, { "date": "2025-09-19", "close": 0.237806, "volume": 974800, "typical_volume": 1995045.0, "trend": 0.222148, "fair_value": 0.193449, "relative_strength": -2.499771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.620344, "energy": 43.203288, "activity_lines": [ 0.240078, 0.238901, 0.232841, 0.227778 ] }, { "date": "2025-09-26", "close": 0.24266, "volume": 1130100, "typical_volume": 1989560.0, "trend": 0.223084, "fair_value": 0.193856, "relative_strength": 0.497418, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.636621, "energy": 41.492602, "activity_lines": [ 0.240718, 0.240001, 0.234369, 0.229102 ] }, { "date": "2025-10-03", "close": 0.247513, "volume": 2035800, "typical_volume": 1996010.0, "trend": 0.224183, "fair_value": 0.19427, "relative_strength": -0.549446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.750971, "energy": 45.695214, "activity_lines": [ 0.242983, 0.24173, 0.236205, 0.230678 ] }, { "date": "2025-10-10", "close": 0.252366, "volume": 2977000, "typical_volume": 2124920.0, "trend": 0.225592, "fair_value": 0.194764, "relative_strength": 1.331971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.012566, "energy": 49.48329, "activity_lines": [ 0.246542, 0.244001, 0.238324, 0.232496 ] }, { "date": "2025-10-17", "close": 0.24266, "volume": 4978500, "typical_volume": 2338985.0, "trend": 0.22638, "fair_value": 0.195195, "relative_strength": -0.132269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.771689, "energy": 44.518802, "activity_lines": [ 0.245895, 0.244077, 0.239317, 0.233597 ] }, { "date": "2025-10-24", "close": 0.247513, "volume": 1180500, "typical_volume": 2336180.0, "trend": 0.227478, "fair_value": 0.195705, "relative_strength": -0.070507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.205216, "energy": 45.786407, "activity_lines": [ 0.246866, 0.244868, 0.240618, 0.234961 ] }, { "date": "2025-10-31", "close": 0.252366, "volume": 1223500, "typical_volume": 2331205.0, "trend": 0.228738, "fair_value": 0.196127, "relative_strength": 1.947018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.115125, "energy": 53.789921, "activity_lines": [ 0.248807, 0.246454, 0.242225, 0.236566 ] }, { "date": "2025-11-07", "close": 0.24266, "volume": 2955200, "typical_volume": 2431660.0, "trend": 0.229973, "fair_value": 0.19651, "relative_strength": -3.162495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.86322, "energy": 35.933813, "activity_lines": [ 0.246866, 0.246101, 0.242728, 0.237465 ] }, { "date": "2025-11-14", "close": 0.247513, "volume": 1420800, "typical_volume": 2455535.0, "trend": 0.231071, "fair_value": 0.196901, "relative_strength": -2.299365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.940444, "energy": 35.93109, "activity_lines": [ 0.246866, 0.246631, 0.243582, 0.238596 ] }, { "date": "2025-11-21", "close": 0.24266, "volume": 1604300, "typical_volume": 2519375.0, "trend": 0.232008, "fair_value": 0.197308, "relative_strength": -2.506075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.875716, "energy": 26.161276, "activity_lines": [ 0.245572, 0.246101, 0.243863, 0.239344 ] }, { "date": "2025-11-28", "close": 0.247513, "volume": 230900, "typical_volume": 2484675.0, "trend": 0.233256, "fair_value": 0.197698, "relative_strength": -1.711313, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.89481, "energy": 23.269939, "activity_lines": [ 0.245895, 0.246454, 0.244518, 0.240344 ] }, { "date": "2025-12-05", "close": 0.24266, "volume": 607900, "typical_volume": 2394840.0, "trend": 0.234342, "fair_value": 0.198082, "relative_strength": -3.657813, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.7069, "energy": 19.825786, "activity_lines": [ 0.244601, 0.245748, 0.244621, 0.240951 ] }, { "date": "2025-12-12", "close": 0.247513, "volume": 831300, "typical_volume": 2310625.0, "trend": 0.23559, "fair_value": 0.198496, "relative_strength": -2.872077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.74429, "energy": 20.566642, "activity_lines": [ 0.245572, 0.245925, 0.24512, 0.241801 ] }, { "date": "2025-12-19", "close": 0.24266, "volume": 1113700, "typical_volume": 1991285.0, "trend": 0.236676, "fair_value": 0.198903, "relative_strength": -4.277449, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.377481, "energy": 16.80919, "activity_lines": [ 0.244601, 0.245219, 0.245068, 0.242257 ] }, { "date": "2025-12-26", "close": 0.24266, "volume": 236200, "typical_volume": 1895440.0, "trend": 0.237762, "fair_value": 0.199287, "relative_strength": -5.49884, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.351428, "energy": 10.663988, "activity_lines": [ 0.243954, 0.244689, 0.244949, 0.242643 ] }, { "date": "2026-01-02", "close": 0.247513, "volume": 212300, "typical_volume": 1721910.0, "trend": 0.238854, "fair_value": 0.199677, "relative_strength": -3.912987, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.577966, "energy": 15.673636, "activity_lines": [ 0.244925, 0.245042, 0.245249, 0.243272 ] }, { "date": "2026-01-09", "close": 0.24266, "volume": 1201400, "typical_volume": 1633715.0, "trend": 0.239785, "fair_value": 0.200013, "relative_strength": -7.346448, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.356171, "energy": 8.559105, "activity_lines": [ 0.244278, 0.244513, 0.245063, 0.243517 ] }, { "date": "2026-01-16", "close": 0.247513, "volume": 1413200, "typical_volume": 1609625.0, "trend": 0.240721, "fair_value": 0.200403, "relative_strength": -7.359165, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.776176, "energy": 17.593527, "activity_lines": [ 0.245248, 0.245042, 0.245341, 0.244016 ] }, { "date": "2026-01-23", "close": 0.252366, "volume": 777000, "typical_volume": 1470210.0, "trend": 0.241664, "fair_value": 0.200801, "relative_strength": -6.241718, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 60.045041, "energy": 38.782903, "activity_lines": [ 0.247837, 0.246366, 0.246057, 0.244767 ] }, { "date": "2026-01-30", "close": 0.247513, "volume": 1734300, "typical_volume": 1441935.0, "trend": 0.242445, "fair_value": 0.201168, "relative_strength": -8.134664, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.311946, "energy": 33.405664, "activity_lines": [ 0.24816, 0.246719, 0.246242, 0.245145 ] }, { "date": "2026-02-06", "close": 0.252366, "volume": 1027800, "typical_volume": 1444585.0, "trend": 0.243232, "fair_value": 0.201613, "relative_strength": -6.782761, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.156985, "energy": 52.817599, "activity_lines": [ 0.249778, 0.247866, 0.246866, 0.245785 ] }, { "date": "2026-02-13", "close": 0.252366, "volume": 1631200, "typical_volume": 1469640.0, "trend": 0.244019, "fair_value": 0.202059, "relative_strength": -6.670438, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.513458, "energy": 56.317574, "activity_lines": [ 0.251072, 0.248925, 0.247421, 0.246374 ] }, { "date": "2026-02-20", "close": 0.252366, "volume": 1908400, "typical_volume": 1463270.0, "trend": 0.244807, "fair_value": 0.202576, "relative_strength": -8.016237, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.620583, "energy": 47.236543, "activity_lines": [ 0.251719, 0.249807, 0.247929, 0.246913 ] }, { "date": "2026-02-27", "close": 0.232953, "volume": 9082500, "typical_volume": 1768545.0, "trend": 0.244947, "fair_value": 0.203065, "relative_strength": -14.455112, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.748096, "energy": 4.498594, "activity_lines": [ 0.245571, 0.247072, 0.246565, 0.246148 ] }, { "date": "2026-03-06", "close": 0.232953, "volume": 6829900, "typical_volume": 1861115.0, "trend": 0.244931, "fair_value": 0.203553, "relative_strength": -11.653798, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.320822, "energy": 22.791607, "activity_lines": [ 0.240718, 0.244513, 0.245294, 0.245374 ] }, { "date": "2026-03-13", "close": 0.223247, "volume": 1117800, "typical_volume": 1857980.0, "trend": 0.244281, "fair_value": 0.203932, "relative_strength": -14.969702, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.123724, "energy": 55.278223, "activity_lines": [ 0.2336, 0.240365, 0.243145, 0.243975 ] }, { "date": "2026-03-20", "close": 0.223247, "volume": 1159800, "typical_volume": 1854795.0, "trend": 0.24363, "fair_value": 0.204358, "relative_strength": -16.48515, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.92106, "energy": 70.573893, "activity_lines": [ 0.228424, 0.236659, 0.241111, 0.242618 ] }, { "date": "2026-03-27", "close": 0.2281, "volume": 1085000, "typical_volume": 1761285.0, "trend": 0.243145, "fair_value": 0.204792, "relative_strength": -13.557537, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.154072, "energy": 70.197228, "activity_lines": [ 0.226806, 0.234189, 0.239678, 0.241616 ] }, { "date": "2026-04-03", "close": 0.2281, "volume": 891300, "typical_volume": 1734810.0, "trend": 0.242822, "fair_value": 0.205225, "relative_strength": -14.11336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.793823, "energy": 67.092009, "activity_lines": [ 0.226806, 0.232071, 0.238315, 0.240645 ] }, { "date": "2026-04-10", "close": 0.2281, "volume": 1153400, "typical_volume": 1712265.0, "trend": 0.242336, "fair_value": 0.205635, "relative_strength": -14.44178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.336806, "energy": 49.164517, "activity_lines": [ 0.227129, 0.230394, 0.237044, 0.239696 ] }, { "date": "2026-04-17", "close": 0.2281, "volume": 751400, "typical_volume": 1738290.0, "trend": 0.242013, "fair_value": 0.206045, "relative_strength": -14.216125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.751851, "energy": 36.763797, "activity_lines": [ 0.227776, 0.229071, 0.235842, 0.238777 ] }, { "date": "2026-04-24", "close": 0.2281, "volume": 1106900, "typical_volume": 1763240.0, "trend": 0.241527, "fair_value": 0.20643, "relative_strength": -12.599103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.88038, "energy": 32.767219, "activity_lines": [ 0.2281, 0.228188, 0.234733, 0.23788 ] }, { "date": "2026-05-01", "close": 0.23, "volume": 607200, "typical_volume": 1752035.0, "trend": 0.240944, "fair_value": 0.20686, "relative_strength": -11.43751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.902183, "energy": 26.339735, "activity_lines": [ 0.228733, 0.228093, 0.233874, 0.237136 ] }, { "date": "2026-05-08", "close": 0.235, "volume": 367300, "typical_volume": 1714715.0, "trend": 0.240365, "fair_value": 0.207297, "relative_strength": -9.469087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.010377, "energy": 19.988383, "activity_lines": [ 0.230907, 0.229313, 0.233574, 0.236752 ] }, { "date": "2026-05-15", "close": 0.23, "volume": 709700, "typical_volume": 1738390.0, "trend": 0.239943, "fair_value": 0.207702, "relative_strength": -12.33922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.649268, "energy": 17.940905, "activity_lines": [ 0.230953, 0.229586, 0.232835, 0.236084 ] }, { "date": "2026-05-22", "close": 0.225, "volume": 729400, "typical_volume": 1764245.0, "trend": 0.239192, "fair_value": 0.208075, "relative_strength": -15.281813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.180033, "energy": 22.76255, "activity_lines": [ 0.229207, 0.229004, 0.23168, 0.23512 ] }, { "date": "2026-05-29", "close": 0.225, "volume": 500300, "typical_volume": 1729190.0, "trend": 0.23828, "fair_value": 0.208522, "relative_strength": -14.481243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.278002, "energy": 30.719563, "activity_lines": [ 0.227667, 0.228391, 0.230632, 0.234204 ] }, { "date": "2026-06-05", "close": 0.225, "volume": 221100, "typical_volume": 1669585.0, "trend": 0.237691, "fair_value": 0.20892, "relative_strength": -14.369941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.007215, "energy": 58.642589, "activity_lines": [ 0.226333, 0.227745, 0.229668, 0.233347 ] }, { "date": "2026-06-12", "close": 0.225, "volume": 100200, "typical_volume": 1635745.0, "trend": 0.236941, "fair_value": 0.209317, "relative_strength": -13.63484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.18711, "energy": 63.718239, "activity_lines": [ 0.225333, 0.227156, 0.228812, 0.232528 ] }, { "date": "2026-06-19", "close": 0.22, "volume": 615900, "typical_volume": 1579825.0, "trend": 0.236186, "fair_value": 0.209708, "relative_strength": -17.837477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.629499, "energy": 74.091954, "activity_lines": [ 0.223333, 0.225715, 0.227609, 0.231435 ] }, { "date": "2026-06-26", "close": 0.22, "volume": 182200, "typical_volume": 1537545.0, "trend": 0.235269, "fair_value": 0.210049, "relative_strength": -17.386993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.036207, "energy": 78.159114, "activity_lines": [ 0.222, 0.22442, 0.226538, 0.230391 ] }, { "date": "2026-07-03", "close": 0.22, "volume": 114400, "typical_volume": 1461705.0, "trend": 0.234513, "fair_value": 0.210414, "relative_strength": -17.787138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.848551, "energy": 74.060632, "activity_lines": [ 0.221, 0.223273, 0.225621, 0.229406 ] }, { "date": "2026-07-10", "close": 0.22, "volume": 372100, "typical_volume": 1384890.0, "trend": 0.233596, "fair_value": 0.21078, "relative_strength": -20.699017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.805778, "energy": 69.94569, "activity_lines": [ 0.220333, 0.222273, 0.224858, 0.22847 ] }, { "date": "2026-07-17", "close": 0.225, "volume": 137900, "typical_volume": 937660.0, "trend": 0.233007, "fair_value": 0.211177, "relative_strength": -19.065339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.666832, "energy": 44.051456, "activity_lines": [ 0.221667, 0.222364, 0.224725, 0.227915 ] }, { "date": "2026-07-24", "close": 0.225, "volume": 475900, "typical_volume": 619960.0, "trend": 0.232419, "fair_value": 0.211575, "relative_strength": -19.797921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.472483, "energy": 30.173971, "activity_lines": [ 0.223, 0.222636, 0.22463, 0.227399 ] }, { "date": "2026-07-31", "close": 0.225, "volume": 585900, "typical_volume": 593365.0, "trend": 0.231668, "fair_value": 0.211948, "relative_strength": -19.907044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.813826, "energy": 20.049747, "activity_lines": [ 0.224, 0.223, 0.224573, 0.22692 ] }, { "date": "2026-08-07", "close": 0.225, "volume": 940700, "typical_volume": 582410.0, "trend": 0.23108, "fair_value": 0.212246, "relative_strength": -20.412488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.015264, "energy": 19.221803, "activity_lines": [ 0.224667, 0.223364, 0.224507, 0.22649 ] } ], "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." } } }