{ "ticker": { "uuid": "2f5993f5-7c51-45d4-a998-8d9d9f7410cc", "symbol": "HLG", "name": "Highlight Communications AG", "exchange": "GER", "country": "DE", "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": "^GDAXI", "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": -66.923, "architecture_energy": 71.524, "architecture_maturity": 64.399, "architecture_confidence": 92.496, "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": 6.79, "rotation_up": 19.32, "upward_expansion": 15.01, "deceleration": 44.44, "rotation_down": 67.73, "downward_expansion": 90.68 }, "activity_lines": [ 0.562133, 0.600691, 0.698481, 0.7854 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.833333 }, "latest_close": 0.58, "trend_reference": 0.912033, "distance_from_trend": -0.364058, "trend_direction": "Weakening", "fair_value": 1.599718, "distance_from_fair_value": -0.637436, "fair_value_direction": "Weakening", "relative_strength": -50.526202, "relative_strength_direction": "Weakening", "price_momentum": -0.52459, "excess_performance": -0.58923, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.364058, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.198964, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.637436, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.114928, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.505262, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.252319, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.52459, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.830853, "read": "Supply-led" } ], "volume": { "latest": 7916, "relative_activity": 0.30736, "balance": 0.830853, "dry_up": 1.187291, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.167639, "annualized_volatility": 0.620233, "from_high_reference": -0.625806, "from_low_reference": 0.288889 }, "levels": { "trend_reference": 0.912033, "fair_value_reference": 1.599718, "structural_low": 0.45, "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": 44, "median_return": -0.010582, "positive_rate": 0.340909, "directional_follow_through": 0.568182, "median_excess_return": -0.01739, "regime_survival": 0.863636, "best_return": 0.322581, "worst_return": -0.326241, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.038633, "positive_rate": 0.357143, "directional_follow_through": 0.642857, "median_excess_return": -0.093432, "regime_survival": 0.714286, "best_return": 0.305263, "worst_return": -0.416667, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.051695, "positive_rate": 0.25, "directional_follow_through": 0.625, "median_excess_return": -0.112395, "regime_survival": 0.5, "best_return": 0.442105, "worst_return": -0.377778, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 5, "median_return": -0.383784, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.46752, "regime_survival": 1.0, "best_return": -0.026596, "worst_return": -0.535176, "sufficient": true } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-10-28", "end": "2022-12-02", "tenure": "Developing", "return": -0.025907, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-12-09", "end": "2023-02-17", "tenure": "Developing", "return": -0.02139, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-02-24", "end": "2024-02-23", "tenure": "Extended", "return": -0.289617, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-01", "end": "2024-03-22", "tenure": "New", "return": -0.045802, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-29", "end": "2025-01-17", "tenure": "Extended", "return": -0.382114, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-24", "end": "2025-02-21", "tenure": "Developing", "return": -0.238095, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": 0.108108, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": -0.131148, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-13", "end": "2025-08-22", "tenure": "Developing", "return": 0.026316, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-10-10", "tenure": "Developing", "return": 0.021429, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-11-07", "tenure": "New", "return": -0.021583, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2026-02-20", "tenure": "Established", "return": -0.161972, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.068966, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-08-07", "tenure": "Established", "return": -0.46789, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3.46, "volume": 3890, "typical_volume": 19054.6, "trend": 3.559333, "fair_value": 3.770256, "relative_strength": -10.644555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.539796, "energy": 27.597396, "activity_lines": [ 3.438667, 3.442182, 3.468381, 3.505505 ] }, { "date": "2023-08-25", "close": 3.34, "volume": 11480, "typical_volume": 17520.5, "trend": 3.546, "fair_value": 3.768205, "relative_strength": -13.686298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.072848, "energy": 33.307643, "activity_lines": [ 3.406667, 3.422545, 3.452667, 3.491355 ] }, { "date": "2023-09-01", "close": 3.34, "volume": 13639, "typical_volume": 17839.45, "trend": 3.533333, "fair_value": 3.766795, "relative_strength": -14.297914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.272827, "energy": 31.537713, "activity_lines": [ 3.384, 3.405818, 3.43819, 3.478065 ] }, { "date": "2023-09-08", "close": 3.02, "volume": 2044, "typical_volume": 15611.05, "trend": 3.510667, "fair_value": 3.763205, "relative_strength": -21.402024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.129666, "energy": 67.589189, "activity_lines": [ 3.258667, 3.333455, 3.394667, 3.444946 ] }, { "date": "2023-09-15", "close": 3.14, "volume": 9936, "typical_volume": 14180.65, "trend": 3.493333, "fair_value": 3.760256, "relative_strength": -18.379057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.9526, "energy": 70.790077, "activity_lines": [ 3.196, 3.289818, 3.365429, 3.421032 ] }, { "date": "2023-09-22", "close": 3.16, "volume": 727, "typical_volume": 12942.05, "trend": 3.476667, "fair_value": 3.757692, "relative_strength": -15.36966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.849207, "energy": 68.740302, "activity_lines": [ 3.162667, 3.254909, 3.340476, 3.399527 ] }, { "date": "2023-09-29", "close": 3.0, "volume": 27251, "typical_volume": 12571.55, "trend": 3.454667, "fair_value": 3.754103, "relative_strength": -17.994218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.870245, "energy": 74.575751, "activity_lines": [ 3.096, 3.197091, 3.302667, 3.368774 ] }, { "date": "2023-10-06", "close": 2.9, "volume": 5667, "typical_volume": 12595.65, "trend": 3.429333, "fair_value": 3.749872, "relative_strength": -19.164088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.776889, "energy": 70.750837, "activity_lines": [ 3.018667, 3.129818, 3.257714, 3.332989 ] }, { "date": "2023-10-13", "close": 2.82, "volume": 20769, "typical_volume": 13065.0, "trend": 3.402, "fair_value": 3.745128, "relative_strength": -20.349882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.817823, "energy": 71.772316, "activity_lines": [ 2.944, 3.057091, 3.208, 3.293677 ] }, { "date": "2023-10-20", "close": 2.76, "volume": 4168, "typical_volume": 12946.65, "trend": 3.373333, "fair_value": 3.740256, "relative_strength": -19.19037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.998651, "energy": 77.7265, "activity_lines": [ 2.862667, 2.983273, 3.155714, 3.252258 ] }, { "date": "2023-10-27", "close": 2.72, "volume": 4809, "typical_volume": 12997.05, "trend": 3.343333, "fair_value": 3.734103, "relative_strength": -19.042439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.014513, "energy": 80.763966, "activity_lines": [ 2.793333, 2.915273, 3.103143, 3.210108 ] }, { "date": "2023-11-03", "close": 2.8, "volume": 20526, "typical_volume": 13519.05, "trend": 3.316667, "fair_value": 3.728462, "relative_strength": -18.74548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.426268, "energy": 71.221264, "activity_lines": [ 2.78, 2.875273, 3.06181, 3.175054 ] }, { "date": "2023-11-10", "close": 2.7, "volume": 1294, "typical_volume": 12276.2, "trend": 3.285333, "fair_value": 3.722051, "relative_strength": -21.251279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.724894, "energy": 72.545743, "activity_lines": [ 2.746667, 2.826909, 3.014286, 3.135269 ] }, { "date": "2023-11-17", "close": 2.7, "volume": 25131, "typical_volume": 13001.25, "trend": 3.254667, "fair_value": 3.715128, "relative_strength": -24.057646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.529646, "energy": 59.517611, "activity_lines": [ 2.726667, 2.790182, 2.970476, 3.097505 ] }, { "date": "2023-11-24", "close": 2.68, "volume": 1845, "typical_volume": 12220.5, "trend": 3.222667, "fair_value": 3.707308, "relative_strength": -24.572314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.08643, "energy": 55.508134, "activity_lines": [ 2.708, 2.755636, 2.928095, 3.06043 ] }, { "date": "2023-12-01", "close": 2.32, "volume": 29046, "typical_volume": 13483.25, "trend": 3.178, "fair_value": 3.696667, "relative_strength": -35.51363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.185172, "energy": 74.124332, "activity_lines": [ 2.574667, 2.664, 2.854952, 3.002194 ] }, { "date": "2023-12-08", "close": 2.7, "volume": 17218, "typical_volume": 10664.25, "trend": 3.151333, "fair_value": 3.688205, "relative_strength": -25.927219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.688643, "energy": 54.378209, "activity_lines": [ 2.594667, 2.656727, 2.823619, 2.971355 ] }, { "date": "2023-12-15", "close": 2.32, "volume": 113224, "typical_volume": 16272.75, "trend": 3.112, "fair_value": 3.678077, "relative_strength": -35.594799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.508378, "energy": 61.296842, "activity_lines": [ 2.494667, 2.585818, 2.75981, 2.91772 ] }, { "date": "2023-12-22", "close": 2.66, "volume": 71492, "typical_volume": 19606.35, "trend": 3.084667, "fair_value": 3.669487, "relative_strength": -25.246194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.776711, "energy": 49.043503, "activity_lines": [ 2.533333, 2.587273, 2.733524, 2.888559 ] }, { "date": "2023-12-29", "close": 2.72, "volume": 13159, "typical_volume": 19865.75, "trend": 3.058667, "fair_value": 3.661026, "relative_strength": -23.019093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.764865, "energy": 37.408509, "activity_lines": [ 2.594667, 2.602545, 2.716286, 2.865032 ] }, { "date": "2024-01-05", "close": 2.66, "volume": 12013, "typical_volume": 20271.9, "trend": 3.031333, "fair_value": 3.651795, "relative_strength": -23.314806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.664796, "energy": 31.318164, "activity_lines": [ 2.633333, 2.607636, 2.696952, 2.839312 ] }, { "date": "2024-01-12", "close": 2.62, "volume": 885, "typical_volume": 19742.15, "trend": 3.002, "fair_value": 3.642308, "relative_strength": -24.323726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.168163, "energy": 21.748582, "activity_lines": [ 2.636, 2.606545, 2.677619, 2.812774 ] }, { "date": "2024-01-19", "close": 2.66, "volume": 825, "typical_volume": 19101.45, "trend": 2.974667, "fair_value": 3.633077, "relative_strength": -21.826166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.324512, "energy": 19.690276, "activity_lines": [ 2.657333, 2.616, 2.665524, 2.79071 ] }, { "date": "2024-01-26", "close": 2.52, "volume": 16433, "typical_volume": 19820.9, "trend": 2.945333, "fair_value": 3.623077, "relative_strength": -27.043504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.558494, "energy": 27.002382, "activity_lines": [ 2.609333, 2.600727, 2.643333, 2.761376 ] }, { "date": "2024-02-02", "close": 2.52, "volume": 5253, "typical_volume": 19586.75, "trend": 2.915333, "fair_value": 3.613462, "relative_strength": -26.220404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.103218, "energy": 33.905398, "activity_lines": [ 2.570667, 2.588727, 2.623524, 2.733935 ] }, { "date": "2024-02-09", "close": 2.6, "volume": 10154, "typical_volume": 20058.1, "trend": 2.885333, "fair_value": 3.604487, "relative_strength": -23.271581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.291147, "energy": 29.961172, "activity_lines": [ 2.572, 2.594182, 2.614286, 2.713591 ] }, { "date": "2024-02-16", "close": 2.7, "volume": 11562, "typical_volume": 19273.65, "trend": 2.859333, "fair_value": 3.596282, "relative_strength": -20.609325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.370551, "energy": 25.608455, "activity_lines": [ 2.610667, 2.612727, 2.617238, 2.701634 ] }, { "date": "2024-02-23", "close": 2.6, "volume": 20852, "typical_volume": 20032.9, "trend": 2.832667, "fair_value": 3.587308, "relative_strength": -24.20429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.485561, "energy": 18.741337, "activity_lines": [ 2.610667, 2.613091, 2.612095, 2.684903 ] }, { "date": "2024-03-01", "close": 2.62, "volume": 3138, "typical_volume": 19151.35, "trend": 2.808, "fair_value": 3.578462, "relative_strength": -24.336628, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.151713, "energy": 11.155753, "activity_lines": [ 2.621333, 2.612, 2.610286, 2.671183 ] }, { "date": "2024-03-08", "close": 2.6, "volume": 6443, "typical_volume": 19265.1, "trend": 2.778667, "fair_value": 3.569359, "relative_strength": -24.57086, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.905119, "energy": 11.197114, "activity_lines": [ 2.618667, 2.608, 2.607524, 2.657763 ] }, { "date": "2024-03-15", "close": 2.54, "volume": 13134, "typical_volume": 19681.35, "trend": 2.748, "fair_value": 3.56, "relative_strength": -26.042498, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.528576, "energy": 28.099197, "activity_lines": [ 2.590667, 2.595273, 2.59981, 2.642366 ] }, { "date": "2024-03-22", "close": 2.5, "volume": 12771, "typical_volume": 19293.6, "trend": 2.72, "fair_value": 3.550641, "relative_strength": -27.521689, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.251549, "energy": 47.763824, "activity_lines": [ 2.553333, 2.577455, 2.589143, 2.626366 ] }, { "date": "2024-03-29", "close": 2.46, "volume": 14020, "typical_volume": 19929.9, "trend": 2.690667, "fair_value": 3.540769, "relative_strength": -29.076677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.730422, "energy": 61.771204, "activity_lines": [ 2.516, 2.554545, 2.576095, 2.609591 ] }, { "date": "2024-04-05", "close": 2.4, "volume": 13257, "typical_volume": 19336.2, "trend": 2.67, "fair_value": 3.530641, "relative_strength": -28.877858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.788464, "energy": 71.205231, "activity_lines": [ 2.468, 2.524364, 2.558476, 2.590839 ] }, { "date": "2024-04-12", "close": 2.46, "volume": 4420, "typical_volume": 19464.95, "trend": 2.647333, "fair_value": 3.520769, "relative_strength": -25.385538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.836615, "energy": 65.356976, "activity_lines": [ 2.454667, 2.507273, 2.548, 2.57729 ] }, { "date": "2024-04-19", "close": 2.42, "volume": 10318, "typical_volume": 18528.55, "trend": 2.622667, "fair_value": 3.510897, "relative_strength": -25.083337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.005115, "energy": 61.712894, "activity_lines": [ 2.437333, 2.484, 2.534762, 2.562624 ] }, { "date": "2024-04-26", "close": 2.4, "volume": 5044, "typical_volume": 17919.85, "trend": 2.602667, "fair_value": 3.501282, "relative_strength": -26.68894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.706041, "energy": 63.303229, "activity_lines": [ 2.421333, 2.460364, 2.519143, 2.548258 ] }, { "date": "2024-05-03", "close": 2.4, "volume": 810, "typical_volume": 12299.15, "trend": 2.586, "fair_value": 3.491538, "relative_strength": -25.274543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.53615, "energy": 50.53396, "activity_lines": [ 2.412, 2.442182, 2.504952, 2.535183 ] }, { "date": "2024-05-10", "close": 2.4, "volume": 4906, "typical_volume": 8969.85, "trend": 2.572, "fair_value": 3.481923, "relative_strength": -27.626117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.33038, "energy": 49.082901, "activity_lines": [ 2.406667, 2.427636, 2.490381, 2.523183 ] }, { "date": "2024-05-17", "close": 2.4, "volume": 6742, "typical_volume": 8649.0, "trend": 2.56, "fair_value": 3.472692, "relative_strength": -26.668888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.833544, "energy": 48.79194, "activity_lines": [ 2.401333, 2.417091, 2.477048, 2.512086 ] }, { "date": "2024-05-24", "close": 2.4, "volume": 8739, "typical_volume": 8485.3, "trend": 2.549333, "fair_value": 3.462821, "relative_strength": -25.898014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.315524, "energy": 41.988673, "activity_lines": [ 2.4, 2.410182, 2.465238, 2.501763 ] }, { "date": "2024-05-31", "close": 2.32, "volume": 19959, "typical_volume": 9439.0, "trend": 2.533333, "fair_value": 3.453077, "relative_strength": -26.85928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.192829, "energy": 47.071896, "activity_lines": [ 2.373333, 2.391273, 2.447048, 2.486968 ] }, { "date": "2024-06-07", "close": 2.32, "volume": 18303, "typical_volume": 10312.9, "trend": 2.520667, "fair_value": 3.443205, "relative_strength": -26.323323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.285, "energy": 49.001519, "activity_lines": [ 2.352, 2.375636, 2.430286, 2.473204 ] }, { "date": "2024-06-14", "close": 2.24, "volume": 12622, "typical_volume": 10122.35, "trend": 2.505333, "fair_value": 3.433077, "relative_strength": -25.918053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.588655, "energy": 64.942069, "activity_lines": [ 2.309333, 2.348, 2.407524, 2.455097 ] }, { "date": "2024-06-21", "close": 2.16, "volume": 15693, "typical_volume": 10644.35, "trend": 2.488, "fair_value": 3.422436, "relative_strength": -28.371385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.787954, "energy": 79.556793, "activity_lines": [ 2.250667, 2.308727, 2.378476, 2.432817 ] }, { "date": "2024-06-28", "close": 2.04, "volume": 16335, "typical_volume": 10953.4, "trend": 2.478667, "fair_value": 3.410897, "relative_strength": -31.838457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.084771, "energy": 90.537826, "activity_lines": [ 2.168, 2.253091, 2.339714, 2.403914 ] }, { "date": "2024-07-05", "close": 1.99, "volume": 19580, "typical_volume": 11354.3, "trend": 2.455, "fair_value": 3.399551, "relative_strength": -33.504286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.505612, "energy": 94.081415, "activity_lines": [ 2.092667, 2.195273, 2.298857, 2.372387 ] }, { "date": "2024-07-12", "close": 1.93, "volume": 14957, "typical_volume": 11059.55, "trend": 2.442, "fair_value": 3.388077, "relative_strength": -35.572445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.812332, "energy": 94.031673, "activity_lines": [ 2.019333, 2.134, 2.255667, 2.338516 ] }, { "date": "2024-07-19", "close": 1.79, "volume": 75244, "typical_volume": 14664.85, "trend": 2.413, "fair_value": 3.374679, "relative_strength": -37.473511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.176123, "energy": 95.643148, "activity_lines": [ 1.925333, 2.055818, 2.202333, 2.296452 ] }, { "date": "2024-07-26", "close": 1.84, "volume": 43376, "typical_volume": 16511.5, "trend": 2.383667, "fair_value": 3.361731, "relative_strength": -35.748556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.386957, "energy": 89.952363, "activity_lines": [ 1.878, 1.997818, 2.157714, 2.259484 ] }, { "date": "2024-08-02", "close": 1.79, "volume": 12934, "typical_volume": 16501.5, "trend": 2.354667, "fair_value": 3.347564, "relative_strength": -33.924704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.350281, "energy": 85.76988, "activity_lines": [ 1.835333, 1.940909, 2.111952, 2.221183 ] }, { "date": "2024-08-09", "close": 1.73, "volume": 74459, "typical_volume": 19585.9, "trend": 2.325, "fair_value": 3.333141, "relative_strength": -35.371621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.890112, "energy": 72.163879, "activity_lines": [ 1.789333, 1.884182, 2.064048, 2.180882 ] }, { "date": "2024-08-16", "close": 1.8, "volume": 17721, "typical_volume": 19770.95, "trend": 2.296333, "fair_value": 3.319551, "relative_strength": -33.914137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.032628, "energy": 65.55115, "activity_lines": [ 1.784, 1.850909, 2.026476, 2.147011 ] }, { "date": "2024-08-23", "close": 1.8, "volume": 795, "typical_volume": 19147.85, "trend": 2.272333, "fair_value": 3.30609, "relative_strength": -34.016844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.803254, "energy": 62.576531, "activity_lines": [ 1.787333, 1.827091, 1.992048, 2.114989 ] }, { "date": "2024-08-30", "close": 1.57, "volume": 119649, "typical_volume": 24909.3, "trend": 2.240667, "fair_value": 3.291795, "relative_strength": -42.313013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.0106, "energy": 70.303394, "activity_lines": [ 1.713333, 1.769455, 1.938571, 2.069677 ] }, { "date": "2024-09-06", "close": 1.59, "volume": 2046, "typical_volume": 24495.7, "trend": 2.207, "fair_value": 3.276731, "relative_strength": -38.788295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.449711, "energy": 67.788676, "activity_lines": [ 1.664, 1.726182, 1.891238, 2.027699 ] }, { "date": "2024-09-13", "close": 1.33, "volume": 82608, "typical_volume": 28373.9, "trend": 2.161333, "fair_value": 3.260385, "relative_strength": -49.012656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.450989, "energy": 80.272355, "activity_lines": [ 1.541333, 1.643818, 1.823095, 1.971118 ] }, { "date": "2024-09-20", "close": 1.01, "volume": 44392, "typical_volume": 30553.0, "trend": 2.108333, "fair_value": 3.241346, "relative_strength": -60.510859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.108764, "energy": 96.659397, "activity_lines": [ 1.338667, 1.515273, 1.729571, 1.896839 ] }, { "date": "2024-09-27", "close": 1.06, "volume": 20351, "typical_volume": 31325.25, "trend": 2.056333, "fair_value": 3.2225, "relative_strength": -59.355801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.490649, "energy": 94.171717, "activity_lines": [ 1.205333, 1.412545, 1.647429, 1.829204 ] }, { "date": "2024-10-04", "close": 0.975, "volume": 58535, "typical_volume": 33914.9, "trend": 2.002167, "fair_value": 3.203237, "relative_strength": -61.147558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.366684, "energy": 94.124217, "activity_lines": [ 1.093, 1.307636, 1.563571, 1.759441 ] }, { "date": "2024-10-11", "close": 0.95, "volume": 24644, "typical_volume": 34710.15, "trend": 1.949167, "fair_value": 3.183942, "relative_strength": -61.87453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.776765, "energy": 91.513259, "activity_lines": [ 1.012, 1.213909, 1.484119, 1.691559 ] }, { "date": "2024-10-18", "close": 0.985, "volume": 186562, "typical_volume": 43040.3, "trend": 1.898667, "fair_value": 3.165641, "relative_strength": -60.228988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.762715, "energy": 85.030797, "activity_lines": [ 0.985333, 1.141818, 1.414905, 1.629355 ] }, { "date": "2024-10-25", "close": 0.975, "volume": 30261, "typical_volume": 43638.2, "trend": 1.849167, "fair_value": 3.146378, "relative_strength": -59.403688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.918308, "energy": 68.439077, "activity_lines": [ 0.978333, 1.081455, 1.351095, 1.569763 ] }, { "date": "2024-11-01", "close": 0.975, "volume": 36386, "typical_volume": 44826.4, "trend": 1.801667, "fair_value": 3.127628, "relative_strength": -58.090552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.64683, "energy": 66.69849, "activity_lines": [ 0.973667, 1.036091, 1.29369, 1.513366 ] }, { "date": "2024-11-08", "close": 0.97, "volume": 41592, "typical_volume": 46121.35, "trend": 1.752, "fair_value": 3.109744, "relative_strength": -57.359547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.447266, "energy": 65.341636, "activity_lines": [ 0.973, 1.004818, 1.241833, 1.45971 ] }, { "date": "2024-11-15", "close": 0.99, "volume": 83768, "typical_volume": 49493.0, "trend": 1.704333, "fair_value": 3.091859, "relative_strength": -55.618544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.826128, "energy": 62.81728, "activity_lines": [ 0.979333, 0.988091, 1.197548, 1.410548 ] }, { "date": "2024-11-22", "close": 1.05, "volume": 94533, "typical_volume": 53240.65, "trend": 1.659333, "fair_value": 3.074231, "relative_strength": -52.309718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.033568, "energy": 56.024876, "activity_lines": [ 1.003, 0.993182, 1.163976, 1.368333 ] }, { "date": "2024-11-29", "close": 1.21, "volume": 48902, "typical_volume": 54937.9, "trend": 1.619667, "fair_value": 3.057756, "relative_strength": -45.154513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.226008, "energy": 43.501368, "activity_lines": [ 1.075667, 1.032455, 1.150119, 1.339344 ] }, { "date": "2024-12-06", "close": 1.16, "volume": 32539, "typical_volume": 52802.65, "trend": 1.578333, "fair_value": 3.04109, "relative_strength": -48.457612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.870693, "energy": 31.011335, "activity_lines": [ 1.116, 1.059, 1.134929, 1.309688 ] }, { "date": "2024-12-13", "close": 1.14, "volume": 37662, "typical_volume": 52516.95, "trend": 1.536333, "fair_value": 3.024679, "relative_strength": -48.660259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.949406, "energy": 28.167734, "activity_lines": [ 1.137333, 1.080091, 1.120833, 1.281409 ] }, { "date": "2024-12-20", "close": 1.02, "volume": 102423, "typical_volume": 56991.4, "trend": 1.490333, "fair_value": 3.00609, "relative_strength": -51.943892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.763868, "energy": 29.601481, "activity_lines": [ 1.107333, 1.076364, 1.098643, 1.248097 ] }, { "date": "2024-12-27", "close": 1.1, "volume": 15413, "typical_volume": 54039.1, "trend": 1.449667, "fair_value": 2.9875, "relative_strength": -47.416204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.747584, "energy": 30.757772, "activity_lines": [ 1.102, 1.085909, 1.087738, 1.222914 ] }, { "date": "2025-01-03", "close": 1.42, "volume": 60687, "typical_volume": 56187.4, "trend": 1.419667, "fair_value": 2.971859, "relative_strength": -30.720008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.559831, "energy": 14.910756, "activity_lines": [ 1.2, 1.151545, 1.11031, 1.221 ] }, { "date": "2025-01-10", "close": 1.47, "volume": 82184, "typical_volume": 60256.85, "trend": 1.394, "fair_value": 2.956667, "relative_strength": -28.248491, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 19.62991, "energy": 29.007943, "activity_lines": [ 1.300667, 1.218182, 1.139452, 1.224247 ] }, { "date": "2025-01-17", "close": 1.52, "volume": 19478, "typical_volume": 55248.3, "trend": 1.372667, "fair_value": 2.94141, "relative_strength": -27.034185, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 42.13408, "energy": 54.103651, "activity_lines": [ 1.397333, 1.284909, 1.174929, 1.232376 ] }, { "date": "2025-01-24", "close": 1.47, "volume": 59444, "typical_volume": 58118.2, "trend": 1.353667, "fair_value": 2.926603, "relative_strength": -29.976422, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.598417, "energy": 64.248397, "activity_lines": [ 1.452, 1.332545, 1.205881, 1.238656 ] }, { "date": "2025-01-31", "close": 1.55, "volume": 27357, "typical_volume": 55355.65, "trend": 1.339, "fair_value": 2.912692, "relative_strength": -26.187969, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.449321, "energy": 68.80283, "activity_lines": [ 1.503333, 1.386, 1.245024, 1.251323 ] }, { "date": "2025-02-07", "close": 1.54, "volume": 60218, "typical_volume": 56146.95, "trend": 1.326, "fair_value": 2.898462, "relative_strength": -25.621688, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.770411, "energy": 66.151337, "activity_lines": [ 1.521333, 1.428545, 1.282167, 1.26429 ] }, { "date": "2025-02-14", "close": 1.13, "volume": 131494, "typical_volume": 61704.1, "trend": 1.304, "fair_value": 2.881603, "relative_strength": -46.00974, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.995083, "energy": 20.2976, "activity_lines": [ 1.394667, 1.390545, 1.277738, 1.251645 ] }, { "date": "2025-02-21", "close": 1.12, "volume": 58613, "typical_volume": 61708.0, "trend": 1.28, "fair_value": 2.864551, "relative_strength": -44.815022, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -7.415036, "energy": 11.0789, "activity_lines": [ 1.287333, 1.351273, 1.272024, 1.239774 ] }, { "date": "2025-02-28", "close": 1.11, "volume": 34328, "typical_volume": 62192.2, "trend": 1.257333, "fair_value": 2.847179, "relative_strength": -44.799314, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.598122, "energy": 26.904881, "activity_lines": [ 1.203333, 1.310545, 1.264667, 1.228806 ] }, { "date": "2025-03-07", "close": 1.16, "volume": 19125, "typical_volume": 53820.35, "trend": 1.238333, "fair_value": 2.830385, "relative_strength": -42.270402, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.244551, "energy": 30.449367, "activity_lines": [ 1.16, 1.277273, 1.26131, 1.222527 ] }, { "date": "2025-03-14", "close": 1.21, "volume": 27962, "typical_volume": 53705.4, "trend": 1.218667, "fair_value": 2.81391, "relative_strength": -38.519583, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.719341, "energy": 25.493298, "activity_lines": [ 1.159333, 1.252, 1.261881, 1.220699 ] }, { "date": "2025-03-21", "close": 1.22, "volume": 24854, "typical_volume": 53128.8, "trend": 1.199333, "fair_value": 2.797372, "relative_strength": -36.556518, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.544778, "energy": 18.996369, "activity_lines": [ 1.184, 1.232364, 1.262286, 1.220785 ] }, { "date": "2025-03-28", "close": 1.23, "volume": 3837, "typical_volume": 51241.05, "trend": 1.188, "fair_value": 2.780897, "relative_strength": -33.622199, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.996613, "energy": 10.897888, "activity_lines": [ 1.206, 1.219091, 1.262476, 1.222763 ] }, { "date": "2025-04-04", "close": 1.23, "volume": 23585, "typical_volume": 48231.9, "trend": 1.176, "fair_value": 2.764423, "relative_strength": -26.529248, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.207202, "energy": 10.983821, "activity_lines": [ 1.220667, 1.211091, 1.261429, 1.225473 ] }, { "date": "2025-04-11", "close": 1.22, "volume": 10938, "typical_volume": 44052.15, "trend": 1.172333, "fair_value": 2.747885, "relative_strength": -24.790543, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.387216, "energy": 13.660725, "activity_lines": [ 1.224, 1.205636, 1.258286, 1.228312 ] }, { "date": "2025-04-18", "close": 1.24, "volume": 9469, "typical_volume": 42080.5, "trend": 1.18, "fair_value": 2.731603, "relative_strength": -25.146372, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.969093, "energy": 14.260677, "activity_lines": [ 1.23, 1.209818, 1.256238, 1.232677 ] }, { "date": "2025-04-25", "close": 1.2, "volume": 31431, "typical_volume": 42025.1, "trend": 1.184667, "fair_value": 2.715321, "relative_strength": -29.581334, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.630068, "energy": 11.650931, "activity_lines": [ 1.220667, 1.212182, 1.250238, 1.233968 ] }, { "date": "2025-05-02", "close": 1.24, "volume": 91811, "typical_volume": 44732.55, "trend": 1.1935, "fair_value": 2.699167, "relative_strength": -28.465385, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.501955, "energy": 11.536289, "activity_lines": [ 1.226, 1.220545, 1.247857, 1.237538 ] }, { "date": "2025-05-09", "close": 1.21, "volume": 17891, "typical_volume": 40505.95, "trend": 1.202167, "fair_value": 2.682821, "relative_strength": -30.054019, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.676769, "energy": 5.789552, "activity_lines": [ 1.220667, 1.221273, 1.242143, 1.238602 ] }, { "date": "2025-05-16", "close": 1.21, "volume": 33633, "typical_volume": 41416.95, "trend": 1.209667, "fair_value": 2.666474, "relative_strength": -29.415836, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.997136, "energy": 7.775138, "activity_lines": [ 1.216667, 1.220182, 1.235524, 1.239108 ] }, { "date": "2025-05-23", "close": 1.16, "volume": 23679, "typical_volume": 39566.55, "trend": 1.215833, "fair_value": 2.649679, "relative_strength": -30.467694, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.772849, "energy": 40.772954, "activity_lines": [ 1.196667, 1.209091, 1.223619, 1.235903 ] }, { "date": "2025-05-30", "close": 1.15, "volume": 6485, "typical_volume": 35781.6, "trend": 1.221667, "fair_value": 2.632821, "relative_strength": -30.660205, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.339269, "energy": 56.717807, "activity_lines": [ 1.178667, 1.197091, 1.212, 1.231656 ] }, { "date": "2025-06-06", "close": 1.06, "volume": 22643, "typical_volume": 35939.85, "trend": 1.224667, "fair_value": 2.615513, "relative_strength": -35.431483, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -84.983649, "energy": 80.198845, "activity_lines": [ 1.134, 1.17, 1.193333, 1.221226 ] }, { "date": "2025-06-13", "close": 0.95, "volume": 21333, "typical_volume": 34034.3, "trend": 1.223333, "fair_value": 2.598269, "relative_strength": -38.726383, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.660552, "energy": 96.52391, "activity_lines": [ 1.064667, 1.126, 1.166381, 1.203505 ] }, { "date": "2025-06-20", "close": 0.935, "volume": 11613, "typical_volume": 33247.1, "trend": 1.2195, "fair_value": 2.581186, "relative_strength": -37.835726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.751684, "energy": 95.967452, "activity_lines": [ 1.007667, 1.084364, 1.140476, 1.184903 ] }, { "date": "2025-06-27", "close": 0.94, "volume": 19267, "typical_volume": 31199.55, "trend": 1.2105, "fair_value": 2.564135, "relative_strength": -37.93025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.462425, "energy": 92.727814, "activity_lines": [ 0.970667, 1.048818, 1.117976, 1.166871 ] }, { "date": "2025-07-04", "close": 0.925, "volume": 1553, "typical_volume": 24702.5, "trend": 1.202667, "fair_value": 2.546603, "relative_strength": -36.965677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.351442, "energy": 91.271244, "activity_lines": [ 0.943333, 1.016, 1.096905, 1.148452 ] }, { "date": "2025-07-11", "close": 0.94, "volume": 1936, "typical_volume": 21868.65, "trend": 1.196, "fair_value": 2.528782, "relative_strength": -35.896395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.063219, "energy": 86.051265, "activity_lines": [ 0.936, 0.990909, 1.078238, 1.131505 ] }, { "date": "2025-07-18", "close": 0.925, "volume": 1950, "typical_volume": 20249.75, "trend": 1.192833, "fair_value": 2.51125, "relative_strength": -35.773727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.964801, "energy": 69.425847, "activity_lines": [ 0.931667, 0.968545, 1.059, 1.114022 ] }, { "date": "2025-07-25", "close": 0.91, "volume": 3551, "typical_volume": 19471.05, "trend": 1.1865, "fair_value": 2.493365, "relative_strength": -35.319848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.008943, "energy": 67.03544, "activity_lines": [ 0.924, 0.948636, 1.039214, 1.095774 ] }, { "date": "2025-08-01", "close": 0.945, "volume": 9038, "typical_volume": 18524.85, "trend": 1.170667, "fair_value": 2.475833, "relative_strength": -29.131362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.465205, "energy": 62.178658, "activity_lines": [ 0.929667, 0.940545, 1.023952, 1.080194 ] }, { "date": "2025-08-08", "close": 0.93, "volume": 11062, "typical_volume": 17835.25, "trend": 1.152667, "fair_value": 2.458077, "relative_strength": -31.005038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.480032, "energy": 58.970735, "activity_lines": [ 0.93, 0.933636, 1.008524, 1.064667 ] }, { "date": "2025-08-15", "close": 0.95, "volume": 11630, "typical_volume": 18224.9, "trend": 1.133667, "fair_value": 2.440449, "relative_strength": -28.632155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.363326, "energy": 49.291308, "activity_lines": [ 0.936667, 0.934364, 0.996381, 1.051591 ] }, { "date": "2025-08-22", "close": 0.975, "volume": 47720, "typical_volume": 19431.65, "trend": 1.117167, "fair_value": 2.424263, "relative_strength": -25.27754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.35521, "energy": 38.895881, "activity_lines": [ 0.951, 0.941636, 0.987952, 1.041355 ] }, { "date": "2025-08-29", "close": 1.4, "volume": 312095, "typical_volume": 34489.5, "trend": 1.112167, "fair_value": 2.409006, "relative_strength": 10.331886, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 23.48331, "energy": 31.398644, "activity_lines": [ 1.103667, 1.025727, 1.021214, 1.059602 ] }, { "date": "2025-09-05", "close": 1.23, "volume": 36587, "typical_volume": 35845.4, "trend": 1.101833, "fair_value": 2.392404, "relative_strength": -0.559894, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.535236, "energy": 46.474312, "activity_lines": [ 1.167, 1.070455, 1.037429, 1.067204 ] }, { "date": "2025-09-12", "close": 1.24, "volume": 38882, "typical_volume": 36217.95, "trend": 1.1055, "fair_value": 2.375481, "relative_strength": 0.513865, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.878962, "energy": 50.278997, "activity_lines": [ 1.214667, 1.111727, 1.054643, 1.076118 ] }, { "date": "2025-09-19", "close": 1.3, "volume": 324081, "typical_volume": 47831.45, "trend": 1.1115, "fair_value": 2.359455, "relative_strength": 5.598717, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.516623, "energy": 69.483746, "activity_lines": [ 1.261667, 1.158182, 1.077381, 1.088667 ] }, { "date": "2025-09-26", "close": 1.37, "volume": 265719, "typical_volume": 60222.85, "trend": 1.120167, "fair_value": 2.344006, "relative_strength": 10.681797, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.941295, "energy": 79.534312, "activity_lines": [ 1.308667, 1.210818, 1.1065, 1.105344 ] }, { "date": "2025-10-03", "close": 1.46, "volume": 103031, "typical_volume": 63692.75, "trend": 1.130167, "fair_value": 2.329391, "relative_strength": 14.483901, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 60.969894, "energy": 82.405501, "activity_lines": [ 1.359333, 1.271727, 1.143429, 1.127269 ] }, { "date": "2025-10-10", "close": 1.43, "volume": 176555, "typical_volume": 71336.55, "trend": 1.1375, "fair_value": 2.313686, "relative_strength": 12.355604, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 76.145361, "energy": 86.638849, "activity_lines": [ 1.396, 1.317182, 1.17631, 1.146613 ] }, { "date": "2025-10-17", "close": 1.39, "volume": 1638, "typical_volume": 71094.2, "trend": 1.143167, "fair_value": 2.297468, "relative_strength": 10.760458, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.983664, "energy": 72.566271, "activity_lines": [ 1.406, 1.346545, 1.204095, 1.162903 ] }, { "date": "2025-10-24", "close": 1.4, "volume": 64878, "typical_volume": 73205.95, "trend": 1.148833, "fair_value": 2.281699, "relative_strength": 9.369409, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.871714, "energy": 61.000316, "activity_lines": [ 1.409333, 1.369364, 1.23169, 1.179473 ] }, { "date": "2025-10-31", "close": 1.34, "volume": 11277, "typical_volume": 72703.15, "trend": 1.1525, "fair_value": 2.265929, "relative_strength": 5.70871, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.912339, "energy": 51.997201, "activity_lines": [ 1.386, 1.373091, 1.251952, 1.191806 ] }, { "date": "2025-11-07", "close": 1.36, "volume": 71761, "typical_volume": 75710.55, "trend": 1.157167, "fair_value": 2.249904, "relative_strength": 8.768662, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.206648, "energy": 39.270974, "activity_lines": [ 1.371333, 1.373818, 1.272262, 1.205194 ] }, { "date": "2025-11-14", "close": 1.42, "volume": 63034, "typical_volume": 77898.9, "trend": 1.163167, "fair_value": 2.235032, "relative_strength": 11.78728, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.344733, "energy": 37.293889, "activity_lines": [ 1.383333, 1.386182, 1.296262, 1.222151 ] }, { "date": "2025-11-21", "close": 1.31, "volume": 4941, "typical_volume": 78068.3, "trend": 1.166833, "fair_value": 2.219712, "relative_strength": 6.540053, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.230692, "energy": 27.124031, "activity_lines": [ 1.359333, 1.375091, 1.3075, 1.231624 ] }, { "date": "2025-11-28", "close": 1.29, "volume": 11840, "typical_volume": 78563.5, "trend": 1.1685, "fair_value": 2.203878, "relative_strength": 1.912131, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.780796, "energy": 25.532117, "activity_lines": [ 1.334, 1.359091, 1.315, 1.23957 ] }, { "date": "2025-12-05", "close": 1.41, "volume": 114566, "typical_volume": 84194.3, "trend": 1.175167, "fair_value": 2.188942, "relative_strength": 10.434232, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.245558, "energy": 30.320204, "activity_lines": [ 1.356, 1.365091, 1.332262, 1.255151 ] }, { "date": "2025-12-12", "close": 1.37, "volume": 77808, "typical_volume": 87907.15, "trend": 1.1805, "fair_value": 2.174006, "relative_strength": 6.568872, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.815586, "energy": 23.614913, "activity_lines": [ 1.36, 1.363091, 1.343405, 1.26772 ] }, { "date": "2025-12-19", "close": 1.28, "volume": 37030, "typical_volume": 89306.75, "trend": 1.1845, "fair_value": 2.158494, "relative_strength": -0.900131, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.876825, "energy": 18.902564, "activity_lines": [ 1.333333, 1.346364, 1.343786, 1.27414 ] }, { "date": "2025-12-26", "close": 1.29, "volume": 4919, "typical_volume": 88999.6, "trend": 1.189167, "fair_value": 2.14266, "relative_strength": -0.264165, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.609867, "energy": 14.458666, "activity_lines": [ 1.319333, 1.334182, 1.343524, 1.280946 ] }, { "date": "2026-01-02", "close": 1.26, "volume": 47598, "typical_volume": 90798.0, "trend": 1.195833, "fair_value": 2.126506, "relative_strength": -2.670639, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.513045, "energy": 12.208088, "activity_lines": [ 1.296667, 1.318364, 1.33869, 1.285516 ] }, { "date": "2026-01-09", "close": 1.3, "volume": 22903, "typical_volume": 89557.15, "trend": 1.2075, "fair_value": 2.110737, "relative_strength": -1.690278, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.31173, "energy": 14.750549, "activity_lines": [ 1.289333, 1.312364, 1.33619, 1.292237 ] }, { "date": "2026-01-16", "close": 1.25, "volume": 15433, "typical_volume": 74724.05, "trend": 1.218, "fair_value": 2.094647, "relative_strength": -4.788948, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.300656, "energy": 12.257823, "activity_lines": [ 1.272667, 1.298, 1.327381, 1.294978 ] }, { "date": "2026-01-23", "close": 1.26, "volume": 12055, "typical_volume": 73497.45, "trend": 1.228667, "fair_value": 2.07875, "relative_strength": -1.840773, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.034356, "energy": 11.889793, "activity_lines": [ 1.267333, 1.287455, 1.320238, 1.297688 ] }, { "date": "2026-01-30", "close": 1.27, "volume": 3122, "typical_volume": 71709.45, "trend": 1.240167, "fair_value": 2.063045, "relative_strength": 1.135714, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.935083, "energy": 10.672115, "activity_lines": [ 1.266667, 1.281636, 1.313905, 1.300355 ] }, { "date": "2026-02-06", "close": 1.22, "volume": 95181, "typical_volume": 60264.45, "trend": 1.2495, "fair_value": 2.047147, "relative_strength": -2.784396, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.607515, "energy": 11.205424, "activity_lines": [ 1.250667, 1.267455, 1.302667, 1.299054 ] }, { "date": "2026-02-13", "close": 1.21, "volume": 3051, "typical_volume": 47131.05, "trend": 1.259, "fair_value": 2.031442, "relative_strength": -4.270765, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.174237, "energy": 26.840621, "activity_lines": [ 1.234, 1.252727, 1.290857, 1.296505 ] }, { "date": "2026-02-20", "close": 1.19, "volume": 13021, "typical_volume": 42630.55, "trend": 1.268333, "fair_value": 2.015609, "relative_strength": -7.031119, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.484263, "energy": 35.381111, "activity_lines": [ 1.216667, 1.238, 1.277905, 1.292054 ] }, { "date": "2026-02-27", "close": 1.16, "volume": 32327, "typical_volume": 35419.15, "trend": 1.2755, "fair_value": 1.999583, "relative_strength": -9.344355, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.068901, "energy": 45.699608, "activity_lines": [ 1.193333, 1.221091, 1.263381, 1.285065 ] }, { "date": "2026-03-06", "close": 1.08, "volume": 13711, "typical_volume": 36022.8, "trend": 1.2805, "fair_value": 1.983045, "relative_strength": -9.378847, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.777863, "energy": 72.495618, "activity_lines": [ 1.15, 1.191818, 1.242524, 1.272452 ] }, { "date": "2026-03-13", "close": 1.09, "volume": 14740, "typical_volume": 33515.9, "trend": 1.285167, "fair_value": 1.966699, "relative_strength": -7.763084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.922759, "energy": 75.653893, "activity_lines": [ 1.122667, 1.168182, 1.224095, 1.260161 ] }, { "date": "2026-03-20", "close": 1.04, "volume": 41935, "typical_volume": 35048.8, "trend": 1.287333, "fair_value": 1.95016, "relative_strength": -7.557237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.462075, "energy": 80.799421, "activity_lines": [ 1.087333, 1.138545, 1.202381, 1.244344 ] }, { "date": "2026-03-27", "close": 0.975, "volume": 56089, "typical_volume": 34265.2, "trend": 1.273167, "fair_value": 1.933205, "relative_strength": -12.65731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.11096, "energy": 85.843466, "activity_lines": [ 1.041667, 1.101818, 1.175905, 1.224194 ] }, { "date": "2026-04-03", "close": 0.96, "volume": 6137, "typical_volume": 31420.35, "trend": 1.264167, "fair_value": 1.916282, "relative_strength": -16.639213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.528957, "energy": 86.098131, "activity_lines": [ 1.005333, 1.067364, 1.149833, 1.203989 ] }, { "date": "2026-04-10", "close": 0.98, "volume": 41022, "typical_volume": 33224.4, "trend": 1.2555, "fair_value": 1.899231, "relative_strength": -16.57181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.06318, "energy": 81.262626, "activity_lines": [ 0.989, 1.042, 1.127857, 1.185656 ] }, { "date": "2026-04-17", "close": 0.926, "volume": 32003, "typical_volume": 34232.55, "trend": 1.243033, "fair_value": 1.881962, "relative_strength": -23.409109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.007279, "energy": 79.870889, "activity_lines": [ 0.961333, 1.012091, 1.10231, 1.164398 ] }, { "date": "2026-04-24", "close": 0.936, "volume": 591, "typical_volume": 28533.8, "trend": 1.228567, "fair_value": 1.864628, "relative_strength": -20.267773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.336539, "energy": 71.006952, "activity_lines": [ 0.947933, 0.989345, 1.079448, 1.144589 ] }, { "date": "2026-05-01", "close": 0.946, "volume": 13963, "typical_volume": 25341.55, "trend": 1.211433, "fair_value": 1.847231, "relative_strength": -19.487983, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.225782, "energy": 55.340921, "activity_lines": [ 0.9448, 0.9734, 1.059795, 1.126359 ] }, { "date": "2026-05-08", "close": 0.874, "volume": 17018, "typical_volume": 24340.95, "trend": 1.1929, "fair_value": 1.830397, "relative_strength": -25.294311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.403492, "energy": 61.532153, "activity_lines": [ 0.9196, 0.9488, 1.035305, 1.104589 ] }, { "date": "2026-05-15", "close": 0.76, "volume": 49926, "typical_volume": 26591.3, "trend": 1.1719, "fair_value": 1.812833, "relative_strength": -33.475579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.061377, "energy": 67.507857, "activity_lines": [ 0.862133, 0.908673, 1.00189, 1.07666 ] }, { "date": "2026-05-22", "close": 0.79, "volume": 5970, "typical_volume": 24509.9, "trend": 1.151567, "fair_value": 1.79559, "relative_strength": -32.986993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.139822, "energy": 78.663279, "activity_lines": [ 0.829333, 0.879818, 0.973857, 1.052022 ] }, { "date": "2026-05-29", "close": 0.95, "volume": 56837, "typical_volume": 26206.6, "trend": 1.138567, "fair_value": 1.779244, "relative_strength": -19.780231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.522848, "energy": 58.125581, "activity_lines": [ 0.858933, 0.885509, 0.9633, 1.039017 ] }, { "date": "2026-06-05", "close": 0.846, "volume": 2000, "typical_volume": 25534.95, "trend": 1.121433, "fair_value": 1.762359, "relative_strength": -27.28492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.025553, "energy": 54.152157, "activity_lines": [ 0.852933, 0.873927, 0.944505, 1.020142 ] }, { "date": "2026-06-12", "close": 0.732, "volume": 1056, "typical_volume": 24985.0, "trend": 1.0985, "fair_value": 1.744615, "relative_strength": -36.489662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.888546, "energy": 58.975161, "activity_lines": [ 0.8156, 0.843964, 0.916776, 0.995017 ] }, { "date": "2026-06-19", "close": 0.76, "volume": 0, "typical_volume": 24828.9, "trend": 1.080167, "fair_value": 1.727179, "relative_strength": -34.727127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.005779, "energy": 56.750237, "activity_lines": [ 0.797067, 0.823236, 0.894229, 0.973178 ] }, { "date": "2026-06-26", "close": 0.764, "volume": 0, "typical_volume": 20069.85, "trend": 1.062633, "fair_value": 1.710282, "relative_strength": -33.322739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.491328, "energy": 67.645737, "activity_lines": [ 0.779867, 0.807236, 0.87449, 0.952781 ] }, { "date": "2026-07-03", "close": 0.57, "volume": 28098, "typical_volume": 21322.2, "trend": 1.034633, "fair_value": 1.692013, "relative_strength": -52.059145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.204358, "energy": 87.713826, "activity_lines": [ 0.699733, 0.758909, 0.838448, 0.920998 ] }, { "date": "2026-07-10", "close": 0.6, "volume": 82073, "typical_volume": 24774.8, "trend": 1.008967, "fair_value": 1.673423, "relative_strength": -47.779466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.83251, "energy": 86.348874, "activity_lines": [ 0.654933, 0.722691, 0.80831, 0.892957 ] }, { "date": "2026-07-17", "close": 0.55, "volume": 107876, "typical_volume": 28552.25, "trend": 0.984633, "fair_value": 1.654641, "relative_strength": -51.350808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.904182, "energy": 87.540267, "activity_lines": [ 0.609867, 0.683673, 0.776219, 0.863346 ] }, { "date": "2026-07-24", "close": 0.536, "volume": 1269, "typical_volume": 27930.15, "trend": 0.9595, "fair_value": 1.636282, "relative_strength": -52.771854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.688031, "energy": 86.31904, "activity_lines": [ 0.572267, 0.648, 0.7457, 0.834402 ] }, { "date": "2026-07-31", "close": 0.556, "volume": 5253, "typical_volume": 27455.8, "trend": 0.936033, "fair_value": 1.618308, "relative_strength": -51.639669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.712206, "energy": 81.017907, "activity_lines": [ 0.556267, 0.620036, 0.719676, 0.80837 ] }, { "date": "2026-08-07", "close": 0.58, "volume": 7916, "typical_volume": 25754.85, "trend": 0.912033, "fair_value": 1.599718, "relative_strength": -50.526202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.923496, "energy": 71.523908, "activity_lines": [ 0.562133, 0.600691, 0.698481, 0.7854 ] } ], "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." } } }