{ "ticker": { "uuid": "2bad4f36-570a-47ed-a791-62cba23bb96d", "symbol": "BTCL", "name": "T-REX 2X LONG BITCOIN DAILY TARGET ETF", "exchange": "CBOE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "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": -47.365, "architecture_energy": 39.758, "architecture_maturity": 77.505, "architecture_confidence": 62.521, "architecture_tenure": "Developing", "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": 28.14, "rotation_up": 26.45, "upward_expansion": 17.61, "deceleration": 66.13, "rotation_down": 39.32, "downward_expansion": 65.28 }, "activity_lines": [ 12.41272, 12.225542, 13.91793, 14.906046 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 12.6836, "trend_reference": 16.92482, "distance_from_trend": -0.250592, "trend_direction": "Weakening", "fair_value": 35.701846, "distance_from_fair_value": -0.644735, "fair_value_direction": "Weakening", "relative_strength": -61.295693, "relative_strength_direction": "Weakening", "price_momentum": -0.267902, "excess_performance": -0.393527, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.250592, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.283483, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.644735, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.182028, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.612957, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.079436, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.267902, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.546322, "read": "Supply-led" } ], "volume": { "latest": 244887, "relative_activity": 0.60117, "balance": 0.546322, "dry_up": 0.754451, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.16212, "annualized_volatility": 0.761696, "from_high_reference": -0.81112, "from_low_reference": 0.219577 }, "levels": { "trend_reference": 16.92482, "fair_value_reference": 35.701846, "structural_low": 10.4, "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": 7, "median_return": 0.03266, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.009266, "regime_survival": 1.0, "best_return": 0.171928, "worst_return": -0.517564, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.393845, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.433301, "regime_survival": 1.0, "best_return": -0.366144, "worst_return": -0.421546, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.633343, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.713714, "regime_survival": 1.0, "best_return": -0.633343, "worst_return": -0.633343, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-05-15", "tenure": "Established", "return": -0.41034, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": -0.0642, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.101964, "active": true } ], "chart_path": [ { "date": "2024-07-12", "close": 23.486749, "volume": 141274, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 31.602936, "volume": 302491, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 31.896521, "volume": 507497, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 26.716177, "volume": 462613, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 24.206504, "volume": 1208344, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 23.145718, "volume": 361621, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 26.052298, "volume": 231584, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 21.87677, "volume": 241333, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 18.031762, "volume": 297175, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 22.435528, "volume": 589547, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 24.566382, "volume": 355345, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 26.801411, "volume": 423757, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 23.789804, "volume": 307481, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 24.405384, "volume": 432004, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 28.657622, "volume": 511371, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 26.915057, "volume": 369210, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 28.704975, "volume": 861738, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 34.898658, "volume": 899671, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 48.659241, "volume": 1044924, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 57.01219, "volume": 950987, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 53.839585, "volume": 681301, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 59.000987, "volume": 697013, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 58.319114, "volume": 608380, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 51.793964, "volume": 1044983, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 49.208312, "volume": 596858, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 53.112329, "volume": 676606, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 48.972301, "volume": 486670, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 59.573133, "volume": 706136, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 59.258451, "volume": 943784, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 54.961083, "volume": 677135, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 48.647786, "volume": 866419, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 49.995016, "volume": 502251, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 47.094046, "volume": 694545, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 36.729226, "volume": 906185, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 38.86316, "volume": 1071128, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 36.099863, "volume": 1127288, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 35.273824, "volume": 398633, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 34.654295, "volume": 254179, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 34.516622, "volume": 265621, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 33.828256, "volume": 401801, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 34.664129, "volume": 140175, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 43.465376, "volume": 398233, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 44.733935, "volume": 244594, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 50.172024, "volume": 292651, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 50.762052, "volume": 301911, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 55.138091, "volume": 1457400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 50.840722, "volume": 395987, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 50.349033, "volume": 364589, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 50.78172, "volume": 318507, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 48.824794, "volume": 393195, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 52.00111, "volume": 328215, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 54.174379, "volume": 249445, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 62.916623, "volume": 478016, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 61.756235, "volume": 646874, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 60.871194, "volume": 460178, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 56.691831, "volume": 388165, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 59.838645, "volume": 260269, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 60.094324, "volume": 505258, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 59.405958, "volume": 510986, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 50.644046, "volume": 474525, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 53.613853, "volume": 280286, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 58.511083, "volume": 317051, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 56.367315, "volume": 394179, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 50.3687, "volume": 340669, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 63.47715, "volume": 522836, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 56.770501, "volume": 819565, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 47.10388, "volume": 670274, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 50.457204, "volume": 540134, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 49.316484, "volume": 531106, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 43.494877, "volume": 900069, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 35.588506, "volume": 548894, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 28.468838, "volume": 1046876, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 32.441691, "volume": 665714, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 31.045292, "volume": 1109905, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 31.369807, "volume": 803205, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 29.452217, "volume": 787120, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 29.11, "volume": 519342, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 30.46, "volume": 511365, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 30.61, "volume": 439004, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 34.16, "volume": 811175, "typical_volume": 627938.45, "trend": 47.352725, "fair_value": 42.723958, "relative_strength": -34.26666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.453947, "energy": 46.225911, "activity_lines": [ 31.486148, 31.129723, 36.431437, 41.406079 ] }, { "date": "2026-01-23", "close": 29.65, "volume": 942511, "typical_volume": 661049.7, "trend": 46.607688, "fair_value": 42.562551, "relative_strength": -41.917558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.933051, "energy": 44.393132, "activity_lines": [ 31.116667, 30.835062, 35.24483, 40.263967 ] }, { "date": "2026-01-30", "close": 25.87, "volume": 722419, "typical_volume": 681318.1, "trend": 45.664208, "fair_value": 42.358984, "relative_strength": -48.791615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.376619, "energy": 53.879409, "activity_lines": [ 29.474, 29.961101, 33.812337, 38.926052 ] }, { "date": "2026-02-06", "close": 17.325, "volume": 2827520, "typical_volume": 802985.15, "trend": 44.144488, "fair_value": 42.057369, "relative_strength": -65.116728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.977403, "energy": 72.427727, "activity_lines": [ 25.199, 27.580756, 31.721468, 37.097716 ] }, { "date": "2026-02-13", "close": 16.48, "volume": 700974, "typical_volume": 821000.4, "trend": 42.63528, "fair_value": 41.752877, "relative_strength": -65.849538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.292476, "energy": 91.992966, "activity_lines": [ 21.518, 25.321623, 29.736039, 35.31291 ] }, { "date": "2026-02-20", "close": 15.97, "volume": 298525, "typical_volume": 809784.85, "trend": 41.138573, "fair_value": 41.449549, "relative_strength": -66.767134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.874993, "energy": 92.63187, "activity_lines": [ 18.609, 23.234586, 27.863413, 33.59257 ] }, { "date": "2026-02-27", "close": 14.77, "volume": 515112, "typical_volume": 794562.2, "trend": 39.741179, "fair_value": 41.139322, "relative_strength": -68.756665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.748012, "energy": 92.155826, "activity_lines": [ 16.512667, 21.209364, 26.102726, 31.891371 ] }, { "date": "2026-03-06", "close": 15.77, "volume": 790511, "typical_volume": 800574.05, "trend": 38.272224, "fair_value": 40.84772, "relative_strength": -65.535084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.286176, "energy": 88.156916, "activity_lines": [ 15.741667, 19.632909, 24.637279, 30.344844 ] }, { "date": "2026-03-13", "close": 17.09, "volume": 521091, "typical_volume": 799621.9, "trend": 36.838747, "fair_value": 40.577746, "relative_strength": -61.657702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.539389, "energy": 82.173117, "activity_lines": [ 16.084, 18.539, 23.446756, 28.978249 ] }, { "date": "2026-03-20", "close": 16.49, "volume": 556732, "typical_volume": 800903.2, "trend": 35.408215, "fair_value": 40.307097, "relative_strength": -61.914966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.487223, "energy": 64.795736, "activity_lines": [ 16.242, 17.579091, 22.357981, 27.665426 ] }, { "date": "2026-03-27", "close": 14.48, "volume": 471915, "typical_volume": 779495.5, "trend": 34.202747, "fair_value": 40.02013, "relative_strength": -65.392319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.662008, "energy": 65.188244, "activity_lines": [ 15.729333, 16.510455, 21.234094, 26.315219 ] }, { "date": "2026-04-03", "close": 14.87, "volume": 228139, "typical_volume": 763457.75, "trend": 32.911285, "fair_value": 39.743754, "relative_strength": -65.167044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.242456, "energy": 62.329379, "activity_lines": [ 15.446, 15.870545, 20.285516, 25.067945 ] }, { "date": "2026-04-10", "close": 17.74, "volume": 389432, "typical_volume": 730585.55, "trend": 31.552249, "fair_value": 39.504583, "relative_strength": -59.434185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.26209, "energy": 52.831601, "activity_lines": [ 16.112667, 16.021182, 19.708931, 24.089152 ] }, { "date": "2026-04-17", "close": 19.76, "volume": 559466, "typical_volume": 725273.15, "trend": 30.332005, "fair_value": 39.292276, "relative_strength": -56.260377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.298921, "energy": 44.713418, "activity_lines": [ 17.321333, 16.686909, 19.375817, 23.328362 ] }, { "date": "2026-04-24", "close": 19.68, "volume": 374318, "typical_volume": 688493.8, "trend": 29.309048, "fair_value": 39.083635, "relative_strength": -55.973586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.278872, "energy": 33.265751, "activity_lines": [ 18.325333, 17.293818, 19.095473, 22.641136 ] }, { "date": "2026-05-01", "close": 19.97, "volume": 234584, "typical_volume": 660062.75, "trend": 27.85881, "fair_value": 38.882439, "relative_strength": -55.020695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.01587, "energy": 27.061031, "activity_lines": [ 19.213333, 17.895273, 18.896868, 22.038617 ] }, { "date": "2026-05-08", "close": 20.79, "volume": 356920, "typical_volume": 638552.75, "trend": 26.65946, "fair_value": 38.693976, "relative_strength": -53.35211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.218064, "energy": 29.689764, "activity_lines": [ 20.008667, 18.573091, 18.830643, 21.582564 ] }, { "date": "2026-05-15", "close": 20.1428, "volume": 257531, "typical_volume": 625462.2, "trend": 25.760757, "fair_value": 38.502726, "relative_strength": -54.033551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.047436, "energy": 21.77863, "activity_lines": [ 20.1936, 19.023782, 18.744029, 21.162135 ] }, { "date": "2026-05-22", "close": 18.38, "volume": 230981, "typical_volume": 611443.0, "trend": 24.691517, "fair_value": 38.297392, "relative_strength": -57.430802, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.829558, "energy": 16.949566, "activity_lines": [ 19.630747, 19.074458, 18.53223, 20.685957 ] }, { "date": "2026-05-29", "close": 17.2, "volume": 304953, "typical_volume": 604740.45, "trend": 23.620968, "fair_value": 38.084287, "relative_strength": -59.87491, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.432753, "energy": 28.597686, "activity_lines": [ 18.76656, 18.887135, 18.265573, 20.202633 ] }, { "date": "2026-06-05", "close": 11.51, "volume": 1196802, "typical_volume": 624021.8, "trend": 22.554805, "fair_value": 37.818545, "relative_strength": -71.795453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.62565, "energy": 58.122176, "activity_lines": [ 16.17104, 17.652356, 17.52087, 19.42128 ] }, { "date": "2026-06-12", "close": 12.65, "volume": 623732, "typical_volume": 608082.85, "trend": 21.790188, "fair_value": 37.569351, "relative_strength": -68.420323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.554366, "energy": 83.090052, "activity_lines": [ 14.51952, 16.678851, 16.992594, 18.782261 ] }, { "date": "2026-06-19", "close": 12.28, "volume": 414857, "typical_volume": 592704.75, "trend": 21.25056, "fair_value": 37.321416, "relative_strength": -68.890111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.116192, "energy": 87.18852, "activity_lines": [ 13.287333, 15.678436, 16.510033, 18.1687 ] }, { "date": "2026-06-26", "close": 11.02, "volume": 474604, "typical_volume": 475058.95, "trend": 20.536504, "fair_value": 37.066063, "relative_strength": -70.650883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.442583, "energy": 90.823716, "activity_lines": [ 12.159333, 14.548204, 15.972187, 17.508664 ] }, { "date": "2026-07-03", "close": 11.58, "volume": 353824, "typical_volume": 457701.45, "trend": 19.887661, "fair_value": 36.821004, "relative_strength": -68.978913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.651638, "energy": 85.286107, "activity_lines": [ 11.708667, 13.678698, 15.517697, 16.930825 ] }, { "date": "2026-07-10", "close": 12.48, "volume": 445655, "typical_volume": 465057.95, "trend": 19.258001, "fair_value": 36.589185, "relative_strength": -65.900011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.400399, "energy": 72.290011, "activity_lines": [ 11.932667, 13.120102, 15.172255, 16.452911 ] }, { "date": "2026-07-17", "close": 12.525, "volume": 286467, "typical_volume": 453625.7, "trend": 18.69376, "fair_value": 36.362165, "relative_strength": -64.062046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.253381, "energy": 58.505559, "activity_lines": [ 12.107, 12.705869, 14.847718, 16.018524 ] }, { "date": "2026-07-24", "close": 12.47, "volume": 290081, "typical_volume": 428604.2, "trend": 18.139093, "fair_value": 36.138873, "relative_strength": -62.792113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.827752, "energy": 51.543066, "activity_lines": [ 12.271333, 12.431909, 14.528633, 15.616991 ] }, { "date": "2026-07-31", "close": 11.9582, "volume": 407871, "typical_volume": 422943.2, "trend": 17.522367, "fair_value": 35.914978, "relative_strength": -63.527948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.036694, "energy": 44.700766, "activity_lines": [ 12.2524, 12.2044, 14.17652, 15.218224 ] }, { "date": "2026-08-07", "close": 12.6836, "volume": 244887, "typical_volume": 407350.95, "trend": 16.92482, "fair_value": 35.701846, "relative_strength": -61.295693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.364865, "energy": 39.758144, "activity_lines": [ 12.41272, 12.225542, 13.91793, 14.906046 ] } ], "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." } } }