{ "ticker": { "uuid": "2f6f3da4-223a-4885-a87f-62419e8bae13", "symbol": "ZIL2", "name": "ElringKlinger AG", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 94.701, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -25.402, "architecture_energy": 53.323, "architecture_maturity": 4.048, "architecture_confidence": 74.32, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 33.07, "rotation_up": 14.65, "upward_expansion": 26.79, "deceleration": 50.42, "rotation_down": 65.84, "downward_expansion": 54.12 }, "activity_lines": [ 4.896333, 5.009636, 5.266234, 5.186531 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 4.985, "trend_reference": 4.982003, "distance_from_trend": 0.000601, "trend_direction": "Improving", "fair_value": 4.667395, "distance_from_fair_value": 0.068048, "fair_value_direction": "Weakening", "relative_strength": -12.085657, "relative_strength_direction": "Weakening", "price_momentum": 0.212203, "excess_performance": 0.037956, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.000601, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.085667, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.068048, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.087059, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.120857, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.195414, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.212203, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": null, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": null, "dry_up": 0.0, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.058956, "annualized_volatility": 0.31962, "from_high_reference": -0.21248, "from_low_reference": 0.296704 }, "levels": { "trend_reference": 4.982003, "fair_value_reference": 4.667395, "structural_low": 4.024643, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.104929, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.108125, "regime_survival": 0.333333, "best_return": -0.015298, "worst_return": -0.155258, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.201905, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.17511, "regime_survival": 0.0, "best_return": -0.074912, "worst_return": -0.318519, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.279152, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.36915, "regime_survival": 0.0, "best_return": -0.214286, "worst_return": -0.354938, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.335835, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.310549, "regime_survival": 0.333333, "best_return": -0.128344, "worst_return": -0.426061, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-12-20", "tenure": "Established", "return": -0.030057, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": 0.071006, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-24", "end": "2025-02-28", "tenure": "Developing", "return": -0.118077, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": 0.095613, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-04", "end": "2025-06-13", "tenure": "Developing", "return": -0.038402, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-08-29", "tenure": "Developing", "return": 0.072727, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": -0.019149, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": -0.05075, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-01-09", "tenure": "Developing", "return": 0.026667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-03-13", "tenure": "Developing", "return": 0.06085, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.073661, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-03", "end": "2026-06-26", "tenure": "Established", "return": -0.000878, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": -0.038845, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.024666, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 5.443848, "volume": 1224, "typical_volume": 294.6, "trend": 7.794793, "fair_value": 9.163666, "relative_strength": -23.608822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.234649, "energy": 97.188285, "activity_lines": [ 6.110949, 6.679492, 7.326469, 7.602055 ] }, { "date": "2023-08-25", "close": 5.328512, "volume": 0, "typical_volume": 294.6, "trend": 7.726986, "fair_value": 9.163941, "relative_strength": -24.50683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.12861, "energy": 95.665094, "activity_lines": [ 5.72742, 6.366198, 7.086898, 7.44294 ] }, { "date": "2023-09-01", "close": 5.522275, "volume": 73, "typical_volume": 298.25, "trend": 7.657769, "fair_value": 9.165857, "relative_strength": -23.240042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.816669, "energy": 90.040171, "activity_lines": [ 5.553954, 6.134604, 6.882883, 7.300701 ] }, { "date": "2023-09-08", "close": 5.346965, "volume": 0, "typical_volume": 298.25, "trend": 7.588912, "fair_value": 9.16625, "relative_strength": -24.769309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.080133, "energy": 91.127377, "activity_lines": [ 5.430314, 5.907874, 6.676901, 7.151617 ] }, { "date": "2023-09-15", "close": 5.453074, "volume": 335, "typical_volume": 311.7, "trend": 7.521927, "fair_value": 9.167666, "relative_strength": -23.939178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.514791, "energy": 88.370617, "activity_lines": [ 5.421395, 5.741707, 6.495725, 7.013821 ] }, { "date": "2023-09-22", "close": 5.360806, "volume": 164, "typical_volume": 319.9, "trend": 7.434769, "fair_value": 9.16444, "relative_strength": -24.422296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.268332, "energy": 86.067274, "activity_lines": [ 5.402019, 5.595503, 6.323199, 6.874394 ] }, { "date": "2023-09-29", "close": 5.416167, "volume": 0, "typical_volume": 205.9, "trend": 7.340529, "fair_value": 9.160714, "relative_strength": -23.681986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.662404, "energy": 66.966121, "activity_lines": [ 5.406632, 5.500131, 6.176416, 6.744161 ] }, { "date": "2023-10-06", "close": 5.093226, "volume": 0, "typical_volume": 203.4, "trend": 7.246116, "fair_value": 9.149613, "relative_strength": -26.843576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.45286, "energy": 70.861847, "activity_lines": [ 5.297755, 5.384124, 6.014177, 6.599174 ] }, { "date": "2023-10-13", "close": 4.839488, "volume": 103, "typical_volume": 208.55, "trend": 7.167152, "fair_value": 9.12599, "relative_strength": -30.696282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.202384, "energy": 72.909703, "activity_lines": [ 5.132902, 5.25931, 5.845216, 6.443908 ] }, { "date": "2023-10-20", "close": 4.664178, "volume": 0, "typical_volume": 208.55, "trend": 7.080075, "fair_value": 9.110998, "relative_strength": -30.268699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.287171, "energy": 72.839658, "activity_lines": [ 4.943444, 5.133489, 5.678583, 6.282425 ] }, { "date": "2023-10-27", "close": 4.696472, "volume": 350, "typical_volume": 226.05, "trend": 6.953372, "fair_value": 9.092048, "relative_strength": -29.063161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.619728, "energy": 71.016979, "activity_lines": [ 4.817344, 5.03342, 5.53058, 6.128645 ] }, { "date": "2023-11-03", "close": 5.199336, "volume": 527, "typical_volume": 252.4, "trend": 6.829359, "fair_value": 9.076436, "relative_strength": -25.289892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.584225, "energy": 66.883109, "activity_lines": [ 4.903154, 5.038369, 5.443672, 6.015481 ] }, { "date": "2023-11-10", "close": 4.977891, "volume": 0, "typical_volume": 252.4, "trend": 6.708102, "fair_value": 9.047084, "relative_strength": -28.437092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.19633, "energy": 65.986475, "activity_lines": [ 4.929604, 5.005404, 5.348459, 5.896031 ] }, { "date": "2023-11-17", "close": 5.628385, "volume": 0, "typical_volume": 252.4, "trend": 6.614581, "fair_value": 9.01654, "relative_strength": -20.578204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.535955, "energy": 50.78491, "activity_lines": [ 5.180575, 5.100608, 5.327413, 5.826372 ] }, { "date": "2023-11-24", "close": 5.342352, "volume": 0, "typical_volume": 252.4, "trend": 6.488829, "fair_value": 8.970587, "relative_strength": -23.851889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.979522, "energy": 32.295579, "activity_lines": [ 5.283608, 5.13869, 5.288595, 5.744293 ] }, { "date": "2023-12-01", "close": 5.471528, "volume": 0, "typical_volume": 183.15, "trend": 6.349226, "fair_value": 8.924435, "relative_strength": -23.159804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.551718, "energy": 28.775548, "activity_lines": [ 5.384488, 5.202272, 5.272228, 5.678661 ] }, { "date": "2023-12-08", "close": 5.213176, "volume": 0, "typical_volume": 183.15, "trend": 6.235358, "fair_value": 8.882331, "relative_strength": -26.537467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.140267, "energy": 27.269009, "activity_lines": [ 5.347581, 5.216867, 5.241406, 5.605367 ] }, { "date": "2023-12-15", "close": 4.996345, "volume": 0, "typical_volume": 176.7, "trend": 6.110027, "fair_value": 8.824006, "relative_strength": -30.287542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.378792, "energy": 33.608108, "activity_lines": [ 5.237473, 5.195729, 5.200874, 5.525431 ] }, { "date": "2023-12-22", "close": 5.111681, "volume": 0, "typical_volume": 138.8, "trend": 5.985925, "fair_value": 8.769615, "relative_strength": -29.165311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.976925, "energy": 33.088658, "activity_lines": [ 5.164581, 5.197323, 5.181563, 5.461021 ] }, { "date": "2023-12-29", "close": 5.102454, "volume": 0, "typical_volume": 138.8, "trend": 5.891658, "fair_value": 8.712541, "relative_strength": -29.515272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.484468, "energy": 36.723048, "activity_lines": [ 5.123061, 5.19229, 5.168162, 5.404023 ] }, { "date": "2024-01-05", "close": 4.821034, "volume": 0, "typical_volume": 77.6, "trend": 5.803387, "fair_value": 8.659481, "relative_strength": -32.877298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.838221, "energy": 49.41414, "activity_lines": [ 5.003726, 5.128121, 5.131079, 5.334951 ] }, { "date": "2024-01-12", "close": 4.913302, "volume": 0, "typical_volume": 77.6, "trend": 5.704352, "fair_value": 8.605986, "relative_strength": -30.486152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.712308, "energy": 45.304776, "activity_lines": [ 4.958514, 5.078464, 5.105749, 5.277526 ] }, { "date": "2024-01-19", "close": 4.724153, "volume": 0, "typical_volume": 73.95, "trend": 5.610392, "fair_value": 8.545232, "relative_strength": -31.647028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.900445, "energy": 59.435474, "activity_lines": [ 4.870244, 4.999616, 5.064382, 5.214287 ] }, { "date": "2024-01-26", "close": 4.742606, "volume": 0, "typical_volume": 73.95, "trend": 5.514587, "fair_value": 8.486764, "relative_strength": -33.083262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.115602, "energy": 60.101883, "activity_lines": [ 4.806271, 4.928737, 5.028573, 5.158301 ] }, { "date": "2024-02-02", "close": 4.636497, "volume": 0, "typical_volume": 57.2, "trend": 5.420011, "fair_value": 8.42465, "relative_strength": -33.739441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.115921, "energy": 62.316708, "activity_lines": [ 4.731534, 4.85467, 4.985536, 5.10165 ] }, { "date": "2024-02-09", "close": 4.475027, "volume": 424, "typical_volume": 70.2, "trend": 5.315748, "fair_value": 8.367661, "relative_strength": -33.976972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.521387, "energy": 72.742428, "activity_lines": [ 4.634037, 4.764079, 4.93101, 5.040683 ] }, { "date": "2024-02-16", "close": 5.268537, "volume": 0, "typical_volume": 70.2, "trend": 5.24101, "fair_value": 8.318496, "relative_strength": -22.927772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.010029, "energy": 30.86204, "activity_lines": [ 4.82411, 4.835881, 4.956274, 5.037637 ] }, { "date": "2024-02-23", "close": 4.959437, "volume": 0, "typical_volume": 70.2, "trend": 5.168118, "fair_value": 8.271343, "relative_strength": -26.386011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.670905, "energy": 23.639375, "activity_lines": [ 4.887468, 4.850476, 4.952803, 5.019471 ] }, { "date": "2024-03-01", "close": 4.830261, "volume": 0, "typical_volume": 65.05, "trend": 5.111219, "fair_value": 8.225415, "relative_strength": -27.541084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.323135, "energy": 17.417943, "activity_lines": [ 4.892081, 4.842256, 4.937666, 4.997674 ] }, { "date": "2024-03-08", "close": 4.857942, "volume": 0, "typical_volume": 65.05, "trend": 5.081232, "fair_value": 8.175216, "relative_strength": -26.507325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.015626, "energy": 21.453009, "activity_lines": [ 4.900078, 4.844185, 4.92521, 4.981334 ] }, { "date": "2024-03-15", "close": 5.162428, "volume": 50, "typical_volume": 50.05, "trend": 5.071851, "fair_value": 8.126398, "relative_strength": -22.016251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.915778, "energy": 11.344157, "activity_lines": [ 4.994807, 4.905921, 4.94083, 4.986572 ] }, { "date": "2024-03-22", "close": 4.913302, "volume": 0, "typical_volume": 23.7, "trend": 5.058011, "fair_value": 8.081801, "relative_strength": -26.948187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.228216, "energy": 12.884072, "activity_lines": [ 4.960667, 4.916155, 4.930504, 4.976343 ] }, { "date": "2024-03-29", "close": 5.619158, "volume": 0, "typical_volume": 23.7, "trend": 5.06124, "fair_value": 8.045893, "relative_strength": -16.42818, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.823287, "energy": 28.978657, "activity_lines": [ 5.185495, 5.054725, 4.988765, 5.012546 ] }, { "date": "2024-04-05", "close": 6.098955, "volume": 40, "typical_volume": 25.7, "trend": 5.086307, "fair_value": 8.013859, "relative_strength": -9.082106, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 54.495214, "energy": 65.500536, "activity_lines": [ 5.526274, 5.264259, 5.089668, 5.079496 ] }, { "date": "2024-04-12", "close": 6.274265, "volume": 335, "typical_volume": 42.45, "trend": 5.11368, "fair_value": 7.975762, "relative_strength": -5.307082, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 83.073551, "energy": 84.595948, "activity_lines": [ 5.84091, 5.481006, 5.205025, 5.156138 ] }, { "date": "2024-04-19", "close": 6.126635, "volume": 0, "typical_volume": 42.45, "trend": 5.139207, "fair_value": 7.934836, "relative_strength": -6.237607, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.603117, "energy": 83.845668, "activity_lines": [ 6.011915, 5.641134, 5.301886, 5.22149 ] }, { "date": "2024-04-26", "close": 6.145089, "volume": 0, "typical_volume": 42.45, "trend": 5.163505, "fair_value": 7.891405, "relative_strength": -5.203176, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.73546, "energy": 83.020059, "activity_lines": [ 6.12479, 5.774588, 5.397384, 5.286386 ] }, { "date": "2024-05-03", "close": 6.098955, "volume": 0, "typical_volume": 42.45, "trend": 5.197029, "fair_value": 7.848818, "relative_strength": -5.738586, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.162324, "energy": 78.490082, "activity_lines": [ 6.140168, 5.883717, 5.48405, 5.346737 ] }, { "date": "2024-05-10", "close": 5.40694, "volume": 0, "typical_volume": 42.45, "trend": 5.215944, "fair_value": 7.806074, "relative_strength": -17.50049, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.12189, "energy": 43.367891, "activity_lines": [ 5.892888, 5.846306, 5.49956, 5.36028 ] }, { "date": "2024-05-17", "close": 5.909295, "volume": 0, "typical_volume": 42.45, "trend": 5.257448, "fair_value": 7.758336, "relative_strength": -10.212796, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.696032, "energy": 34.917433, "activity_lines": [ 5.859194, 5.889748, 5.561507, 5.405012 ] }, { "date": "2024-05-24", "close": 5.351457, "volume": 200, "typical_volume": 52.45, "trend": 5.279281, "fair_value": 7.704341, "relative_strength": -17.318817, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.958233, "energy": 21.553712, "activity_lines": [ 5.663886, 5.812649, 5.566485, 5.411077 ] }, { "date": "2024-05-31", "close": 5.606739, "volume": 0, "typical_volume": 52.45, "trend": 5.292861, "fair_value": 7.64588, "relative_strength": -10.997058, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.407417, "energy": 24.681763, "activity_lines": [ 5.60535, 5.778528, 5.59325, 5.432204 ] }, { "date": "2024-06-07", "close": 5.464916, "volume": 0, "typical_volume": 52.45, "trend": 5.309095, "fair_value": 7.584798, "relative_strength": -11.680043, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.302387, "energy": 19.873604, "activity_lines": [ 5.535429, 5.706013, 5.603205, 5.443304 ] }, { "date": "2024-06-14", "close": 5.067811, "volume": 0, "typical_volume": 52.45, "trend": 5.290409, "fair_value": 7.532635, "relative_strength": -14.202497, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.791869, "energy": 17.089683, "activity_lines": [ 5.37541, 5.564101, 5.571813, 5.427737 ] }, { "date": "2024-06-21", "close": 4.992172, "volume": 0, "typical_volume": 52.45, "trend": 5.278737, "fair_value": 7.475596, "relative_strength": -15.783164, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.071589, "energy": 28.65069, "activity_lines": [ 5.212786, 5.427185, 5.53167, 5.408496 ] }, { "date": "2024-06-28", "close": 4.746345, "volume": 0, "typical_volume": 31.25, "trend": 5.254564, "fair_value": 7.418293, "relative_strength": -19.292867, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.411982, "energy": 51.736054, "activity_lines": [ 5.029361, 5.268884, 5.46642, 5.374148 ] }, { "date": "2024-07-05", "close": 4.963808, "volume": 1676, "typical_volume": 115.05, "trend": 5.246252, "fair_value": 7.367517, "relative_strength": -16.809536, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.569849, "energy": 56.418491, "activity_lines": [ 4.958765, 5.175218, 5.420589, 5.35539 ] }, { "date": "2024-07-12", "close": 4.850349, "volume": 0, "typical_volume": 115.05, "trend": 5.241385, "fair_value": 7.318695, "relative_strength": -17.58159, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.531731, "energy": 60.385126, "activity_lines": [ 4.893211, 5.082401, 5.365404, 5.329848 ] }, { "date": "2024-07-19", "close": 4.665979, "volume": 0, "typical_volume": 115.05, "trend": 5.226528, "fair_value": 7.270459, "relative_strength": -18.921043, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.050912, "energy": 62.940208, "activity_lines": [ 4.807172, 4.978763, 5.293179, 5.292725 ] }, { "date": "2024-07-26", "close": 4.647069, "volume": 0, "typical_volume": 115.05, "trend": 5.211349, "fair_value": 7.221589, "relative_strength": -18.288138, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.369656, "energy": 60.01276, "activity_lines": [ 4.741618, 4.88516, 5.219935, 5.25534 ] }, { "date": "2024-08-02", "close": 4.372878, "volume": 0, "typical_volume": 112.55, "trend": 5.19641, "fair_value": 7.168908, "relative_strength": -19.150779, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.341209, "energy": 66.725232, "activity_lines": [ 4.607674, 4.764653, 5.121582, 5.201245 ] }, { "date": "2024-08-09", "close": 4.098687, "volume": 0, "typical_volume": 112.55, "trend": 5.169256, "fair_value": 7.109677, "relative_strength": -24.307552, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.44997, "energy": 91.553235, "activity_lines": [ 4.407231, 4.612086, 5.000876, 5.130425 ] }, { "date": "2024-08-16", "close": 4.089231, "volume": 0, "typical_volume": 112.55, "trend": 5.148092, "fair_value": 7.057802, "relative_strength": -25.266743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.16787, "energy": 92.034513, "activity_lines": [ 4.26131, 4.485219, 4.883148, 5.060746 ] }, { "date": "2024-08-23", "close": 4.122324, "volume": 27, "typical_volume": 111.9, "trend": 5.127416, "fair_value": 7.005226, "relative_strength": -25.362619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.498769, "energy": 90.184876, "activity_lines": [ 4.177162, 4.389381, 4.775857, 4.994567 ] }, { "date": "2024-08-30", "close": 3.975773, "volume": 0, "typical_volume": 95.15, "trend": 5.105392, "fair_value": 6.951425, "relative_strength": -28.17002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.18539, "energy": 91.913711, "activity_lines": [ 4.080407, 4.284088, 4.664021, 4.920267 ] }, { "date": "2024-09-06", "close": 3.739401, "volume": 0, "typical_volume": 95.15, "trend": 5.080871, "fair_value": 6.900843, "relative_strength": -29.033541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.698032, "energy": 94.087886, "activity_lines": [ 3.949615, 4.154298, 4.540619, 4.832139 ] }, { "date": "2024-09-13", "close": 3.99941, "volume": 5850, "typical_volume": 387.65, "trend": 5.038567, "fair_value": 6.855636, "relative_strength": -23.949759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.892344, "energy": 84.206613, "activity_lines": [ 3.947723, 4.090091, 4.453348, 4.762367 ] }, { "date": "2024-09-20", "close": 4.127051, "volume": 0, "typical_volume": 387.65, "trend": 5.010821, "fair_value": 6.813243, "relative_strength": -21.221472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.114805, "energy": 63.787126, "activity_lines": [ 3.994998, 4.066626, 4.38845, 4.70356 ] }, { "date": "2024-09-27", "close": 4.127051, "volume": 400, "typical_volume": 407.65, "trend": 4.98738, "fair_value": 6.7749, "relative_strength": -21.316722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.260718, "energy": 58.815094, "activity_lines": [ 4.039751, 4.056311, 4.332942, 4.646542 ] }, { "date": "2024-10-04", "close": 3.961591, "volume": 0, "typical_volume": 407.65, "trend": 4.957502, "fair_value": 6.736181, "relative_strength": -23.113309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.215719, "energy": 50.512937, "activity_lines": [ 4.029036, 4.025712, 4.267771, 4.580362 ] }, { "date": "2024-10-11", "close": 3.800858, "volume": 0, "typical_volume": 397.65, "trend": 4.912116, "fair_value": 6.690785, "relative_strength": -25.860371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.284272, "energy": 56.924393, "activity_lines": [ 3.965688, 3.978352, 4.196567, 4.50574 ] }, { "date": "2024-10-18", "close": 3.83395, "volume": 0, "typical_volume": 397.65, "trend": 4.876138, "fair_value": 6.647027, "relative_strength": -24.987725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.782728, "energy": 57.630029, "activity_lines": [ 3.909274, 3.947408, 4.135898, 4.436181 ] }, { "date": "2024-10-25", "close": 3.796131, "volume": 0, "typical_volume": 397.65, "trend": 4.815371, "fair_value": 6.601829, "relative_strength": -24.297843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.773529, "energy": 60.846272, "activity_lines": [ 3.851284, 3.914402, 4.080069, 4.366503 ] }, { "date": "2024-11-01", "close": 3.890679, "volume": 0, "typical_volume": 397.65, "trend": 4.741761, "fair_value": 6.552103, "relative_strength": -20.635645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.244334, "energy": 57.504137, "activity_lines": [ 3.846872, 3.903916, 4.041192, 4.306846 ] }, { "date": "2024-11-08", "close": 3.777221, "volume": 600, "typical_volume": 427.65, "trend": 4.658526, "fair_value": 6.505243, "relative_strength": -22.895129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.346667, "energy": 57.742851, "activity_lines": [ 3.820398, 3.877013, 3.997114, 4.244617 ] }, { "date": "2024-11-15", "close": 3.843405, "volume": 0, "typical_volume": 427.65, "trend": 4.582419, "fair_value": 6.459435, "relative_strength": -20.967224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.816242, "energy": 50.561897, "activity_lines": [ 3.828277, 3.865753, 3.965125, 4.192029 ] }, { "date": "2024-11-22", "close": 3.791404, "volume": 0, "typical_volume": 343.85, "trend": 4.503963, "fair_value": 6.420652, "relative_strength": -20.891669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.952169, "energy": 47.780545, "activity_lines": [ 3.815986, 3.843147, 3.932483, 4.140996 ] }, { "date": "2024-11-29", "close": 3.857588, "volume": 5120, "typical_volume": 599.85, "trend": 4.42925, "fair_value": 6.384974, "relative_strength": -19.018725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.307391, "energy": 42.238095, "activity_lines": [ 3.828593, 3.836357, 3.911728, 4.099294 ] }, { "date": "2024-12-06", "close": 3.966319, "volume": 0, "typical_volume": 599.85, "trend": 4.38123, "fair_value": 6.347768, "relative_strength": -17.220801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.097851, "energy": 31.132259, "activity_lines": [ 3.873346, 3.854235, 3.906055, 4.069427 ] }, { "date": "2024-12-13", "close": 4.127051, "volume": 0, "typical_volume": 599.85, "trend": 4.321822, "fair_value": 6.314787, "relative_strength": -14.95161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.413105, "energy": 15.027264, "activity_lines": [ 3.966634, 3.90426, 3.919022, 4.053029 ] }, { "date": "2024-12-20", "close": 3.966319, "volume": 0, "typical_volume": 599.85, "trend": 4.27565, "fair_value": 6.276498, "relative_strength": -16.459686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.767307, "energy": 17.268531, "activity_lines": [ 3.983022, 3.922053, 3.919157, 4.030093 ] }, { "date": "2024-12-27", "close": 3.994683, "volume": 0, "typical_volume": 599.85, "trend": 4.221915, "fair_value": 6.23879, "relative_strength": -16.342633, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.1704, "energy": 18.77612, "activity_lines": [ 4.000671, 3.941994, 3.923929, 4.011966 ] }, { "date": "2025-01-03", "close": 3.900134, "volume": 0, "typical_volume": 599.85, "trend": 4.169756, "fair_value": 6.190322, "relative_strength": -18.375948, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.08364, "energy": 17.036157, "activity_lines": [ 3.973252, 3.941822, 3.920192, 3.991206 ] }, { "date": "2025-01-10", "close": 3.994683, "volume": 2367, "typical_volume": 716.85, "trend": 4.133985, "fair_value": 6.143145, "relative_strength": -15.978083, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.577761, "energy": 8.102888, "activity_lines": [ 3.974513, 3.95695, 3.92636, 3.979911 ] }, { "date": "2025-01-17", "close": 4.278329, "volume": 0, "typical_volume": 716.85, "trend": 4.11019, "fair_value": 6.10851, "relative_strength": -12.720317, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 20.451487, "energy": 24.641351, "activity_lines": [ 4.068431, 4.021758, 3.96015, 3.989224 ] }, { "date": "2025-01-24", "close": 4.524156, "volume": 19, "typical_volume": 717.8, "trend": 4.102784, "fair_value": 6.079615, "relative_strength": -8.994152, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.139585, "energy": 64.21795, "activity_lines": [ 4.234206, 4.122152, 4.015912, 4.015931 ] }, { "date": "2025-01-31", "close": 4.557248, "volume": 46, "typical_volume": 427.6, "trend": 4.089232, "fair_value": 6.050646, "relative_strength": -8.554427, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.398434, "energy": 78.805863, "activity_lines": [ 4.373823, 4.216185, 4.071087, 4.045251 ] }, { "date": "2025-02-07", "close": 4.212145, "volume": 0, "typical_volume": 427.6, "trend": 4.067958, "fair_value": 6.016671, "relative_strength": -15.496948, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.156869, "energy": 68.089031, "activity_lines": [ 4.360902, 4.233547, 4.09074, 4.053181 ] }, { "date": "2025-02-14", "close": 4.108141, "volume": 90, "typical_volume": 412.1, "trend": 4.049364, "fair_value": 5.985736, "relative_strength": -21.07063, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.000757, "energy": 66.947027, "activity_lines": [ 4.292511, 4.225554, 4.100082, 4.055774 ] }, { "date": "2025-02-21", "close": 3.937954, "volume": 0, "typical_volume": 412.1, "trend": 4.025727, "fair_value": 5.95585, "relative_strength": -23.114553, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 26.945217, "energy": 18.857748, "activity_lines": [ 4.159828, 4.184038, 4.093306, 4.048586 ] }, { "date": "2025-02-28", "close": 3.989956, "volume": 0, "typical_volume": 412.1, "trend": 4.012962, "fair_value": 5.93528, "relative_strength": -23.417077, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 18.283919, "energy": 23.182822, "activity_lines": [ 4.06717, 4.155416, 4.091596, 4.046278 ] }, { "date": "2025-03-07", "close": 4.20269, "volume": 0, "typical_volume": 412.1, "trend": 4.016429, "fair_value": 5.913793, "relative_strength": -21.466702, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.216302, "energy": 24.785606, "activity_lines": [ 4.081038, 4.165043, 4.109245, 4.058519 ] }, { "date": "2025-03-14", "close": 4.127051, "volume": 1277, "typical_volume": 475.95, "trend": 4.01769, "fair_value": 5.888256, "relative_strength": -22.344817, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.560926, "energy": 20.178747, "activity_lines": [ 4.093329, 4.157135, 4.117934, 4.065656 ] }, { "date": "2025-03-21", "close": 4.287784, "volume": 0, "typical_volume": 475.95, "trend": 4.023205, "fair_value": 5.867885, "relative_strength": -18.089123, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.676297, "energy": 21.192211, "activity_lines": [ 4.164871, 4.174326, 4.140356, 4.083081 ] }, { "date": "2025-03-28", "close": 4.604522, "volume": 0, "typical_volume": 445.95, "trend": 4.044163, "fair_value": 5.846549, "relative_strength": -9.586664, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.02742, "energy": 57.12203, "activity_lines": [ 4.330016, 4.243776, 4.191052, 4.120585 ] }, { "date": "2025-04-04", "close": 4.443789, "volume": 2054, "typical_volume": 548.65, "trend": 4.067643, "fair_value": 5.829146, "relative_strength": -2.348143, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.338876, "energy": 59.806187, "activity_lines": [ 4.397145, 4.278071, 4.2225, 4.146368 ] }, { "date": "2025-04-11", "close": 4.320876, "volume": 0, "typical_volume": 548.65, "trend": 4.078359, "fair_value": 5.811639, "relative_strength": -2.928555, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.645505, "energy": 52.79757, "activity_lines": [ 4.393048, 4.29148, 4.239384, 4.162705 ] }, { "date": "2025-04-18", "close": 4.401243, "volume": 0, "typical_volume": 292.65, "trend": 4.087498, "fair_value": 5.792822, "relative_strength": -5.244692, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.13687, "energy": 51.733899, "activity_lines": [ 4.407861, 4.323798, 4.2614, 4.183536 ] }, { "date": "2025-04-25", "close": 4.481609, "volume": 0, "typical_volume": 292.65, "trend": 4.099317, "fair_value": 5.775946, "relative_strength": -6.013275, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.266044, "energy": 36.928674, "activity_lines": [ 4.431183, 4.367291, 4.288482, 4.208963 ] }, { "date": "2025-05-02", "close": 4.62816, "volume": 0, "typical_volume": 292.65, "trend": 4.121536, "fair_value": 5.76309, "relative_strength": -3.407122, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.21349, "energy": 41.19624, "activity_lines": [ 4.490434, 4.430639, 4.327067, 4.243082 ] }, { "date": "2025-05-09", "close": 4.675434, "volume": 0, "typical_volume": 292.65, "trend": 4.150688, "fair_value": 5.74971, "relative_strength": -6.142115, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.52316, "energy": 53.334016, "activity_lines": [ 4.563867, 4.490032, 4.367768, 4.278817 ] }, { "date": "2025-05-16", "close": 4.765255, "volume": 0, "typical_volume": 292.65, "trend": 4.181732, "fair_value": 5.736027, "relative_strength": -6.301464, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.181109, "energy": 61.763994, "activity_lines": [ 4.651797, 4.553294, 4.413646, 4.318467 ] }, { "date": "2025-05-23", "close": 4.429056, "volume": 5934, "typical_volume": 589.35, "trend": 4.202829, "fair_value": 5.718473, "relative_strength": -11.207636, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.377109, "energy": 41.745689, "activity_lines": [ 4.598035, 4.5452, 4.423837, 4.334423 ] }, { "date": "2025-05-30", "close": 4.492398, "volume": 0, "typical_volume": 471.0, "trend": 4.222887, "fair_value": 5.699928, "relative_strength": -10.049563, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.850147, "energy": 32.389583, "activity_lines": [ 4.563534, 4.543132, 4.437541, 4.353105 ] }, { "date": "2025-06-06", "close": 4.33648, "volume": 0, "typical_volume": 471.0, "trend": 4.241529, "fair_value": 5.68082, "relative_strength": -12.833467, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.752899, "energy": 17.548858, "activity_lines": [ 4.47634, 4.508995, 4.434026, 4.360434 ] }, { "date": "2025-06-13", "close": 4.273138, "volume": 0, "typical_volume": 470.05, "trend": 4.255853, "fair_value": 5.665146, "relative_strength": -11.566127, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.30717, "energy": 16.119467, "activity_lines": [ 4.387478, 4.468215, 4.424201, 4.362473 ] }, { "date": "2025-06-20", "close": 4.287755, "volume": 156, "typical_volume": 475.55, "trend": 4.272398, "fair_value": 5.649654, "relative_strength": -10.221957, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.582546, "energy": 16.951324, "activity_lines": [ 4.330308, 4.433195, 4.416964, 4.364531 ] }, { "date": "2025-06-27", "close": 4.365715, "volume": 0, "typical_volume": 475.55, "trend": 4.289336, "fair_value": 5.635593, "relative_strength": -9.81731, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.473894, "energy": 14.227437, "activity_lines": [ 4.330958, 4.412951, 4.418434, 4.370551 ] }, { "date": "2025-07-04", "close": 4.326735, "volume": 0, "typical_volume": 471.05, "trend": 4.30135, "fair_value": 5.619477, "relative_strength": -9.358975, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.161643, "energy": 12.751213, "activity_lines": [ 4.322837, 4.386267, 4.415462, 4.372964 ] }, { "date": "2025-07-11", "close": 4.507015, "volume": 4466, "typical_volume": 694.35, "trend": 4.314015, "fair_value": 5.606438, "relative_strength": -7.166507, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.654642, "energy": 10.019417, "activity_lines": [ 4.385854, 4.395176, 4.428617, 4.386233 ] }, { "date": "2025-07-18", "close": 4.209796, "volume": 0, "typical_volume": 694.35, "trend": 4.322131, "fair_value": 5.587595, "relative_strength": -12.818445, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.249381, "energy": 4.372041, "activity_lines": [ 4.338429, 4.352249, 4.410757, 4.379509 ] }, { "date": "2025-07-25", "close": 4.25852, "volume": 0, "typical_volume": 694.35, "trend": 4.330926, "fair_value": 5.569383, "relative_strength": -13.023804, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.117693, "energy": 13.727166, "activity_lines": [ 4.311468, 4.326646, 4.39649, 4.375405 ] }, { "date": "2025-08-01", "close": 4.224413, "volume": 0, "typical_volume": 630.5, "trend": 4.341735, "fair_value": 5.550139, "relative_strength": -10.961824, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.111301, "energy": 19.388977, "activity_lines": [ 4.275087, 4.304056, 4.378708, 4.368533 ] }, { "date": "2025-08-08", "close": 4.438801, "volume": 4466, "typical_volume": 853.8, "trend": 4.356539, "fair_value": 5.529824, "relative_strength": -11.332439, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.604966, "energy": 13.778473, "activity_lines": [ 4.319588, 4.324166, 4.380881, 4.374796 ] }, { "date": "2025-08-15", "close": 4.47778, "volume": 0, "typical_volume": 853.8, "trend": 4.363187, "fair_value": 5.513222, "relative_strength": -12.5447, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.806965, "energy": 7.52369, "activity_lines": [ 4.369612, 4.352337, 4.386047, 4.382618 ] }, { "date": "2025-08-22", "close": 4.541122, "volume": 0, "typical_volume": 751.1, "trend": 4.363753, "fair_value": 5.501566, "relative_strength": -9.922479, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.694577, "energy": 25.342862, "activity_lines": [ 4.442699, 4.389456, 4.39785, 4.394098 ] }, { "date": "2025-08-29", "close": 4.599592, "volume": 0, "typical_volume": 751.1, "trend": 4.365164, "fair_value": 5.490313, "relative_strength": -5.242859, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.696831, "energy": 48.32151, "activity_lines": [ 4.513187, 4.432334, 4.414757, 4.409313 ] }, { "date": "2025-09-05", "close": 4.580102, "volume": 0, "typical_volume": 751.1, "trend": 4.377429, "fair_value": 5.479459, "relative_strength": -5.217585, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.696712, "energy": 60.293886, "activity_lines": [ 4.55444, 4.465998, 4.428481, 4.42318 ] }, { "date": "2025-09-12", "close": 4.492398, "volume": 0, "typical_volume": 751.1, "trend": 4.390238, "fair_value": 5.468334, "relative_strength": -7.798063, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.514946, "energy": 57.128486, "activity_lines": [ 4.542747, 4.479818, 4.433, 4.430597 ] }, { "date": "2025-09-19", "close": 4.507015, "volume": 0, "typical_volume": 751.1, "trend": 4.409207, "fair_value": 5.460882, "relative_strength": -6.826165, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.234591, "energy": 47.150063, "activity_lines": [ 4.532352, 4.493284, 4.43886, 4.438131 ] }, { "date": "2025-09-26", "close": 4.492398, "volume": 0, "typical_volume": 751.1, "trend": 4.425955, "fair_value": 5.455372, "relative_strength": -7.354524, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.012948, "energy": 27.96547, "activity_lines": [ 4.515136, 4.504092, 4.443905, 4.443498 ] }, { "date": "2025-10-03", "close": 4.224413, "volume": 0, "typical_volume": 751.1, "trend": 4.426679, "fair_value": 5.445701, "relative_strength": -14.42811, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.270484, "energy": 16.750018, "activity_lines": [ 4.41184, 4.461037, 4.4243, 4.430496 ] }, { "date": "2025-10-10", "close": 4.312118, "volume": 2100, "typical_volume": 559.4, "trend": 4.432848, "fair_value": 5.434497, "relative_strength": -10.754669, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.825081, "energy": 23.059469, "activity_lines": [ 4.362791, 4.434549, 4.415622, 4.423105 ] }, { "date": "2025-10-17", "close": 4.010026, "volume": 0, "typical_volume": 559.4, "trend": 4.423589, "fair_value": 5.419552, "relative_strength": -15.120075, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -80.814649, "energy": 68.991011, "activity_lines": [ 4.23091, 4.35154, 4.378731, 4.395826 ] }, { "date": "2025-10-24", "close": 4.019771, "volume": 700, "typical_volume": 594.4, "trend": 4.404097, "fair_value": 5.403855, "relative_strength": -16.207071, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.196331, "energy": 79.338224, "activity_lines": [ 4.134436, 4.278099, 4.345064, 4.369773 ] }, { "date": "2025-10-31", "close": 3.946684, "volume": 2589, "typical_volume": 723.85, "trend": 4.387527, "fair_value": 5.388941, "relative_strength": -19.735655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.464477, "energy": 84.021728, "activity_lines": [ 4.046082, 4.199697, 4.305946, 4.340263 ] }, { "date": "2025-11-07", "close": 3.844362, "volume": 0, "typical_volume": 716.05, "trend": 4.371643, "fair_value": 5.367959, "relative_strength": -20.547398, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.083312, "energy": 91.445001, "activity_lines": [ 3.960002, 4.113499, 4.258636, 4.30522 ] }, { "date": "2025-11-14", "close": 3.888214, "volume": 18, "typical_volume": 716.95, "trend": 4.354542, "fair_value": 5.349963, "relative_strength": -20.86547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.075528, "energy": 86.237526, "activity_lines": [ 3.913876, 4.049005, 4.217615, 4.274031 ] }, { "date": "2025-11-21", "close": 3.907704, "volume": 2173, "typical_volume": 825.6, "trend": 4.335412, "fair_value": 5.331773, "relative_strength": -19.006469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.971425, "energy": 82.599831, "activity_lines": [ 3.902507, 4.000635, 4.180724, 4.245202 ] }, { "date": "2025-11-28", "close": 3.927194, "volume": 16, "typical_volume": 603.1, "trend": 4.312047, "fair_value": 5.313038, "relative_strength": -21.729521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.951619, "energy": 72.909918, "activity_lines": [ 3.904456, 3.966439, 4.147684, 4.218866 ] }, { "date": "2025-12-05", "close": 3.917449, "volume": 0, "typical_volume": 603.1, "trend": 4.286781, "fair_value": 5.295114, "relative_strength": -22.53106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.023837, "energy": 55.569288, "activity_lines": [ 3.909328, 3.941014, 4.116477, 4.193408 ] }, { "date": "2025-12-12", "close": 3.956429, "volume": 0, "typical_volume": 603.1, "trend": 4.25982, "fair_value": 5.280728, "relative_strength": -21.547515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.416439, "energy": 48.149196, "activity_lines": [ 3.929143, 3.93313, 4.090375, 4.172095 ] }, { "date": "2025-12-19", "close": 4.156199, "volume": 250, "typical_volume": 615.6, "trend": 4.250725, "fair_value": 5.268641, "relative_strength": -19.165711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.573612, "energy": 29.6523, "activity_lines": [ 4.008077, 3.966439, 4.084736, 4.16541 ] }, { "date": "2025-12-26", "close": 4.190306, "volume": 0, "typical_volume": 392.3, "trend": 4.240655, "fair_value": 5.255084, "relative_strength": -18.215848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.960033, "energy": 21.561797, "activity_lines": [ 4.080514, 4.008785, 4.082671, 4.161512 ] }, { "date": "2026-01-02", "close": 4.136709, "volume": 0, "typical_volume": 392.3, "trend": 4.233996, "fair_value": 5.237373, "relative_strength": -20.37594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.048086, "energy": 25.711214, "activity_lines": [ 4.116245, 4.038109, 4.076685, 4.154805 ] }, { "date": "2026-01-09", "close": 4.126965, "volume": 0, "typical_volume": 392.3, "trend": 4.229123, "fair_value": 5.217707, "relative_strength": -20.802457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.485117, "energy": 25.699863, "activity_lines": [ 4.13476, 4.063534, 4.071395, 4.1479 ] }, { "date": "2026-01-16", "close": 4.243903, "volume": 0, "typical_volume": 392.3, "trend": 4.227662, "fair_value": 5.200624, "relative_strength": -18.982282, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.221432, "energy": 23.95057, "activity_lines": [ 4.178288, 4.106943, 4.079214, 4.148854 ] }, { "date": "2026-01-23", "close": 4.229286, "volume": 379, "typical_volume": 411.25, "trend": 4.223114, "fair_value": 5.180538, "relative_strength": -19.310951, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.309013, "energy": 21.566012, "activity_lines": [ 4.197777, 4.14043, 4.087335, 4.148958 ] }, { "date": "2026-01-30", "close": 4.175689, "volume": 0, "typical_volume": 411.25, "trend": 4.218079, "fair_value": 5.158595, "relative_strength": -20.856042, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.616036, "energy": 19.520554, "activity_lines": [ 4.194529, 4.157971, 4.092022, 4.145899 ] }, { "date": "2026-02-06", "close": 4.112347, "volume": 0, "typical_volume": 411.25, "trend": 4.204924, "fair_value": 5.137439, "relative_strength": -22.319556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.762656, "energy": 17.888784, "activity_lines": [ 4.171141, 4.159123, 4.092184, 4.139077 ] }, { "date": "2026-02-13", "close": 4.126965, "volume": 0, "typical_volume": 411.25, "trend": 4.202162, "fair_value": 5.116057, "relative_strength": -21.005828, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.082167, "energy": 13.007223, "activity_lines": [ 4.15425, 4.159566, 4.095618, 4.134048 ] }, { "date": "2026-02-20", "close": 4.112347, "volume": 0, "typical_volume": 411.25, "trend": 4.19729, "fair_value": 5.091293, "relative_strength": -23.37177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.666114, "energy": 16.203409, "activity_lines": [ 4.132487, 4.153542, 4.0994, 4.128253 ] }, { "date": "2026-02-27", "close": 4.268265, "volume": 0, "typical_volume": 306.25, "trend": 4.198752, "fair_value": 5.065811, "relative_strength": -18.630288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.363157, "energy": 4.673515, "activity_lines": [ 4.171466, 4.173031, 4.118565, 4.132832 ] }, { "date": "2026-03-06", "close": 4.224413, "volume": 0, "typical_volume": 306.25, "trend": 4.191605, "fair_value": 5.042086, "relative_strength": -14.67165, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.009527, "energy": 14.399512, "activity_lines": [ 4.19323, 4.18251, 4.133763, 4.134488 ] }, { "date": "2026-03-13", "close": 4.502143, "volume": 0, "typical_volume": 271.25, "trend": 4.192418, "fair_value": 5.024738, "relative_strength": -6.42692, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 52.733185, "energy": 54.439555, "activity_lines": [ 4.304321, 4.241866, 4.17439, 4.154523 ] }, { "date": "2026-03-20", "close": 4.365715, "volume": 0, "typical_volume": 141.8, "trend": 4.186571, "fair_value": 5.006079, "relative_strength": -7.747786, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.258194, "energy": 58.95251, "activity_lines": [ 4.343951, 4.269772, 4.199726, 4.165703 ] }, { "date": "2026-03-27", "close": 4.687296, "volume": 2365, "typical_volume": 260.05, "trend": 4.189494, "fair_value": 4.981654, "relative_strength": -1.93824, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 86.602914, "energy": 83.563881, "activity_lines": [ 4.474857, 4.351806, 4.253695, 4.198008 ] }, { "date": "2026-04-03", "close": 5.174541, "volume": 1379, "typical_volume": 328.1, "trend": 4.209309, "fair_value": 4.957647, "relative_strength": 5.072513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.62796, "energy": 96.515407, "activity_lines": [ 4.729849, 4.514368, 4.350053, 4.261559 ] }, { "date": "2026-04-10", "close": 5.632551, "volume": 0, "typical_volume": 219.45, "trend": 4.247314, "fair_value": 4.938525, "relative_strength": 7.808615, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.187591, "energy": 98.804962, "activity_lines": [ 5.077092, 4.743019, 4.483906, 4.353381 ] }, { "date": "2026-04-17", "close": 5.759234, "volume": 0, "typical_volume": 218.65, "trend": 4.289055, "fair_value": 4.921379, "relative_strength": 7.931684, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.433347, "energy": 97.838266, "activity_lines": [ 5.372687, 4.968215, 4.621611, 4.450925 ] }, { "date": "2026-04-24", "close": 5.437653, "volume": 0, "typical_volume": 218.65, "trend": 4.320563, "fair_value": 4.897806, "relative_strength": 5.875766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.477292, "energy": 88.703631, "activity_lines": [ 5.477282, 5.104998, 4.719965, 4.525028 ] }, { "date": "2026-05-01", "close": 5.369439, "volume": 157, "typical_volume": 226.5, "trend": 4.358731, "fair_value": 4.870305, "relative_strength": 4.252039, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.950353, "energy": 86.439039, "activity_lines": [ 5.487677, 5.205547, 4.804583, 4.592697 ] }, { "date": "2026-05-08", "close": 5.603316, "volume": 0, "typical_volume": 214.0, "trend": 4.40177, "fair_value": 4.850909, "relative_strength": 7.455729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.386474, "energy": 68.032363, "activity_lines": [ 5.530554, 5.325764, 4.904746, 4.672993 ] }, { "date": "2026-05-15", "close": 5.94, "volume": 0, "typical_volume": 214.0, "trend": 4.466103, "fair_value": 4.832855, "relative_strength": 14.522565, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.069603, "energy": 70.097245, "activity_lines": [ 5.657075, 5.482922, 5.030084, 4.772234 ] }, { "date": "2026-05-22", "close": 5.69, "volume": 0, "typical_volume": 214.0, "trend": 4.521777, "fair_value": 4.812697, "relative_strength": 7.589341, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.20467, "energy": 61.899484, "activity_lines": [ 5.679765, 5.563433, 5.12328, 4.851195 ] }, { "date": "2026-05-29", "close": 5.96, "volume": 0, "typical_volume": 214.0, "trend": 4.588888, "fair_value": 4.800066, "relative_strength": 9.758768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.923948, "energy": 66.753622, "activity_lines": [ 5.797071, 5.671438, 5.234794, 4.943983 ] }, { "date": "2026-06-05", "close": 5.84, "volume": 0, "typical_volume": 214.0, "trend": 4.655409, "fair_value": 4.789622, "relative_strength": 8.727704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.828141, "energy": 61.066685, "activity_lines": [ 5.839554, 5.728637, 5.326151, 5.0247 ] }, { "date": "2026-06-12", "close": 5.79, "volume": 0, "typical_volume": 195.05, "trend": 4.718802, "fair_value": 4.776197, "relative_strength": 4.918789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.54313, "energy": 57.270551, "activity_lines": [ 5.834, 5.755788, 5.405145, 5.0979 ] }, { "date": "2026-06-19", "close": 5.62, "volume": 0, "typical_volume": 195.05, "trend": 4.775878, "fair_value": 4.76387, "relative_strength": -2.082754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.897204, "energy": 49.362095, "activity_lines": [ 5.759333, 5.740839, 5.460517, 5.156041 ] }, { "date": "2026-06-26", "close": 5.17, "volume": 0, "typical_volume": 195.05, "trend": 4.817305, "fair_value": 4.748186, "relative_strength": -7.851167, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.656992, "energy": 27.997886, "activity_lines": [ 5.556, 5.6443, 5.466154, 5.181469 ] }, { "date": "2026-07-03", "close": 5.02, "volume": 0, "typical_volume": 195.05, "trend": 4.854057, "fair_value": 4.732457, "relative_strength": -12.273448, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.673228, "energy": 21.742617, "activity_lines": [ 5.337333, 5.531201, 5.452469, 5.194546 ] }, { "date": "2026-07-10", "close": 4.875, "volume": 0, "typical_volume": 195.05, "trend": 4.884676, "fair_value": 4.71497, "relative_strength": -13.257544, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.334082, "energy": 27.161093, "activity_lines": [ 5.133, 5.399333, 5.420722, 5.195897 ] }, { "date": "2026-07-17", "close": 4.855, "volume": 0, "typical_volume": 195.05, "trend": 4.907969, "fair_value": 4.697946, "relative_strength": -11.640383, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.862544, "energy": 35.631868, "activity_lines": [ 4.986333, 5.272818, 5.383438, 5.193982 ] }, { "date": "2026-07-24", "close": 4.825, "volume": 0, "typical_volume": 195.05, "trend": 4.929126, "fair_value": 4.683067, "relative_strength": -13.068693, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.717722, "energy": 56.966441, "activity_lines": [ 4.892, 5.154455, 5.340503, 5.188629 ] }, { "date": "2026-07-31", "close": 4.865, "volume": 0, "typical_volume": 195.05, "trend": 4.953402, "fair_value": 4.672348, "relative_strength": -11.99291, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.242225, "energy": 60.585204, "activity_lines": [ 4.864, 5.063636, 5.298518, 5.184492 ] }, { "date": "2026-08-07", "close": 4.985, "volume": 0, "typical_volume": 195.05, "trend": 4.982003, "fair_value": 4.667395, "relative_strength": -12.085657, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.402243, "energy": 53.32304, "activity_lines": [ 4.896333, 5.009636, 5.266234, 5.186531 ] } ], "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." } } }