{ "ticker": { "uuid": "3128a6dd-f628-425e-a7ef-65ede676f242", "symbol": "GVC", "name": "Entain Plc", "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": 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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -46.274, "architecture_energy": 19.498, "architecture_maturity": 10.468, "architecture_confidence": 86.94, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 48.15, "rotation_up": 24.38, "upward_expansion": 7.64, "deceleration": 49.36, "rotation_down": 38.95, "downward_expansion": 67.31 }, "activity_lines": [ 6.411467, 6.4356, 6.4434, 6.470084 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 6.33, "trend_reference": 6.587935, "distance_from_trend": -0.039153, "trend_direction": "Weakening", "fair_value": 8.527699, "distance_from_fair_value": -0.257713, "fair_value_direction": "Improving", "relative_strength": -34.158053, "relative_strength_direction": "Improving", "price_momentum": -0.084224, "excess_performance": -0.25847, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.039153, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.089545, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.257713, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.056387, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.341581, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.042886, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.084224, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.581049, "read": "Supply-led" } ], "volume": { "latest": 1994, "relative_activity": 0.833177, "balance": 0.581049, "dry_up": 1.203071, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.062389, "annualized_volatility": 0.40481, "from_high_reference": -0.422779, "from_low_reference": 0.092509 }, "levels": { "trend_reference": 6.587935, "fair_value_reference": 8.527699, "structural_low": 5.794, "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": 8, "median_return": -0.104452, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.043547, "regime_survival": 0.25, "best_return": 0.03871, "worst_return": -0.185314, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.032258, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.107214, "regime_survival": 0.0, "best_return": 0.030259, "worst_return": -0.344197, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.088267, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.170451, "regime_survival": 0.0, "best_return": 0.222884, "worst_return": -0.371708, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.24531, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.375714, "regime_survival": 0.0, "best_return": -0.22889, "worst_return": -0.305796, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-08", "end": "2024-09-20", "tenure": "Extended", "return": 0.021481, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-11-08", "tenure": "Developing", "return": -0.050021, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-11-22", "tenure": "New", "return": 0.020992, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2024-12-27", "tenure": "Developing", "return": -0.150912, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.101827, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.124204, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-21", "tenure": "Developing", "return": -0.123572, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-05-23", "tenure": "Developing", "return": 0.178853, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": 0.210094, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-08-29", "tenure": "Developing", "return": 0.021332, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-10-31", "tenure": "Developing", "return": -0.087981, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": 0.060253, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-07-24", "tenure": "Extended", "return": -0.241053, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.000949, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.806551, "volume": 0, "typical_volume": 1326.25, "trend": 14.292985, "fair_value": 15.54416, "relative_strength": -8.066517, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.550944, "energy": 21.799915, "activity_lines": [ 14.058256, 14.030508, 14.210129, 14.201459 ] }, { "date": "2023-08-25", "close": 12.557012, "volume": 501, "typical_volume": 1346.3, "trend": 14.168897, "fair_value": 15.571263, "relative_strength": -9.045577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.24905, "energy": 54.281801, "activity_lines": [ 13.505838, 13.78074, 14.039502, 14.08946 ] }, { "date": "2023-09-01", "close": 12.773592, "volume": 7821, "typical_volume": 1730.3, "trend": 14.055128, "fair_value": 15.598567, "relative_strength": -9.426587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.73021, "energy": 72.188641, "activity_lines": [ 13.10341, 13.588079, 13.893587, 13.999441 ] }, { "date": "2023-09-08", "close": 12.91955, "volume": 4538, "typical_volume": 1936.0, "trend": 14.020646, "fair_value": 15.625704, "relative_strength": -7.473299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.299181, "energy": 73.121652, "activity_lines": [ 12.894408, 13.434725, 13.765698, 13.926178 ] }, { "date": "2023-09-15", "close": 12.660594, "volume": 681, "typical_volume": 1889.4, "trend": 13.958926, "fair_value": 15.647657, "relative_strength": -10.256761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.621561, "energy": 77.877643, "activity_lines": [ 12.748168, 13.252062, 13.620386, 13.838432 ] }, { "date": "2023-09-22", "close": 11.530604, "volume": 0, "typical_volume": 1875.3, "trend": 13.859541, "fair_value": 15.656938, "relative_strength": -17.474167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.706123, "energy": 85.066444, "activity_lines": [ 12.343883, 12.87707, 13.380317, 13.681766 ] }, { "date": "2023-09-29", "close": 10.212281, "volume": 6020, "typical_volume": 2005.75, "trend": 13.722413, "fair_value": 15.657679, "relative_strength": -26.828481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.354254, "energy": 92.713008, "activity_lines": [ 11.58522, 12.306345, 13.035767, 13.446459 ] }, { "date": "2023-10-06", "close": 10.099283, "volume": 0, "typical_volume": 1899.95, "trend": 13.618729, "fair_value": 15.651675, "relative_strength": -26.150175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.895932, "energy": 94.58767, "activity_lines": [ 10.945206, 11.778923, 12.707539, 13.212709 ] }, { "date": "2023-10-13", "close": 10.184032, "volume": 8, "typical_volume": 1893.3, "trend": 13.537073, "fair_value": 15.646659, "relative_strength": -25.7792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.732683, "energy": 91.651876, "activity_lines": [ 10.511729, 11.355019, 12.413265, 12.991116 ] }, { "date": "2023-10-20", "close": 10.118116, "volume": 932, "typical_volume": 1758.1, "trend": 13.446981, "fair_value": 15.645818, "relative_strength": -23.099639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.234681, "energy": 90.025887, "activity_lines": [ 10.238648, 11.009524, 12.135074, 12.770538 ] }, { "date": "2023-10-27", "close": 9.929786, "volume": 847, "typical_volume": 1753.9, "trend": 13.331895, "fair_value": 15.645816, "relative_strength": -23.732536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.368283, "energy": 90.229474, "activity_lines": [ 10.072289, 10.708365, 11.85946, 12.543622 ] }, { "date": "2023-11-03", "close": 9.939202, "volume": 0, "typical_volume": 1721.25, "trend": 13.216031, "fair_value": 15.644333, "relative_strength": -27.19552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.84257, "energy": 85.159656, "activity_lines": [ 10.01579, 10.461223, 11.604659, 12.324738 ] }, { "date": "2023-11-10", "close": 10.009827, "volume": 1793, "typical_volume": 1810.9, "trend": 13.095035, "fair_value": 15.641937, "relative_strength": -26.620631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.489656, "energy": 66.322723, "activity_lines": [ 10.001038, 10.274518, 11.373693, 12.117887 ] }, { "date": "2023-11-17", "close": 9.216949, "volume": 3186, "typical_volume": 1970.2, "trend": 12.920938, "fair_value": 15.635794, "relative_strength": -33.399819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.632862, "energy": 80.816865, "activity_lines": [ 9.727956, 9.993903, 11.083721, 11.867688 ] }, { "date": "2023-11-24", "close": 9.360082, "volume": 2800, "typical_volume": 1818.25, "trend": 12.720885, "fair_value": 15.627157, "relative_strength": -31.387232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.72994, "energy": 68.780129, "activity_lines": [ 9.567058, 9.806633, 10.829666, 11.637955 ] }, { "date": "2023-12-01", "close": 8.908086, "volume": 565, "typical_volume": 1795.8, "trend": 12.485958, "fair_value": 15.617195, "relative_strength": -35.318577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.22999, "energy": 70.812928, "activity_lines": [ 9.306031, 9.597191, 10.551718, 11.391968 ] }, { "date": "2023-12-08", "close": 8.866653, "volume": 3348, "typical_volume": 1949.1, "trend": 12.251521, "fair_value": 15.606256, "relative_strength": -35.098438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.899127, "energy": 70.686997, "activity_lines": [ 9.099305, 9.427898, 10.293826, 11.158464 ] }, { "date": "2023-12-15", "close": 10.344115, "volume": 1605, "typical_volume": 1816.6, "trend": 12.078499, "fair_value": 15.597372, "relative_strength": -24.766264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.618616, "energy": 59.00005, "activity_lines": [ 9.456571, 9.551701, 10.199775, 11.035406 ] }, { "date": "2023-12-22", "close": 10.621903, "volume": 2355, "typical_volume": 1929.7, "trend": 11.936573, "fair_value": 15.58923, "relative_strength": -23.086441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.664364, "energy": 42.893579, "activity_lines": [ 9.884146, 9.721559, 10.15409, 10.941432 ] }, { "date": "2023-12-29", "close": 10.758445, "volume": 127, "typical_volume": 1856.35, "trend": 11.814327, "fair_value": 15.586265, "relative_strength": -22.236847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.562242, "energy": 29.851336, "activity_lines": [ 10.263572, 9.908281, 10.142999, 10.865424 ] }, { "date": "2024-01-05", "close": 10.951485, "volume": 98, "typical_volume": 1861.25, "trend": 11.708966, "fair_value": 15.560511, "relative_strength": -20.255835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.70388, "energy": 31.854542, "activity_lines": [ 10.61412, 10.118459, 10.167823, 10.809756 ] }, { "date": "2024-01-12", "close": 10.428864, "volume": 3008, "typical_volume": 1986.6, "trend": 11.605525, "fair_value": 15.534047, "relative_strength": -22.787037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.141423, "energy": 25.858466, "activity_lines": [ 10.654234, 10.215039, 10.151707, 10.727169 ] }, { "date": "2024-01-19", "close": 10.033368, "volume": 4283, "typical_volume": 1809.7, "trend": 11.490772, "fair_value": 15.513561, "relative_strength": -23.817441, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.528312, "energy": 20.050451, "activity_lines": [ 10.45837, 10.230808, 10.108059, 10.62574 ] }, { "date": "2024-01-26", "close": 10.725487, "volume": 1919, "typical_volume": 1678.75, "trend": 11.385052, "fair_value": 15.498905, "relative_strength": -20.513825, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.953388, "energy": 12.021356, "activity_lines": [ 10.513928, 10.371988, 10.143376, 10.576367 ] }, { "date": "2024-02-02", "close": 10.932651, "volume": 1012, "typical_volume": 1695.3, "trend": 11.303395, "fair_value": 15.482226, "relative_strength": -17.97898, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.258473, "energy": 7.118061, "activity_lines": [ 10.631635, 10.523407, 10.20887, 10.547179 ] }, { "date": "2024-02-09", "close": 11.177482, "volume": 3377, "typical_volume": 1864.15, "trend": 11.211026, "fair_value": 15.46237, "relative_strength": -13.78932, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.461105, "energy": 14.842536, "activity_lines": [ 10.819338, 10.690748, 10.30591, 10.539056 ] }, { "date": "2024-02-16", "close": 10.301739, "volume": 1197, "typical_volume": 1623.0, "trend": 11.096952, "fair_value": 15.43515, "relative_strength": -21.215555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.490563, "energy": 14.438403, "activity_lines": [ 10.700061, 10.657601, 10.321228, 10.480392 ] }, { "date": "2024-02-23", "close": 10.023952, "volume": 829, "typical_volume": 1664.45, "trend": 10.932911, "fair_value": 15.402709, "relative_strength": -22.362881, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.557185, "energy": 15.658199, "activity_lines": [ 10.496663, 10.547855, 10.309664, 10.411166 ] }, { "date": "2024-03-01", "close": 10.259366, "volume": 423, "typical_volume": 1685.2, "trend": 10.769697, "fair_value": 15.371628, "relative_strength": -19.984647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.830739, "energy": 16.139579, "activity_lines": [ 10.372365, 10.486733, 10.320878, 10.367712 ] }, { "date": "2024-03-08", "close": 8.397708, "volume": 508, "typical_volume": 1664.0, "trend": 10.568292, "fair_value": 15.323987, "relative_strength": -34.05289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.286146, "energy": 51.668435, "activity_lines": [ 9.658588, 10.09372, 10.154434, 10.21468 ] }, { "date": "2024-03-15", "close": 8.648967, "volume": 1115, "typical_volume": 1677.4, "trend": 10.429706, "fair_value": 15.271787, "relative_strength": -32.18731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.987878, "energy": 78.627267, "activity_lines": [ 9.197561, 9.789312, 10.020111, 10.090853 ] }, { "date": "2024-03-22", "close": 8.721249, "volume": 2105, "typical_volume": 1782.65, "trend": 10.301847, "fair_value": 15.224351, "relative_strength": -32.761261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.589672, "energy": 82.560633, "activity_lines": [ 8.929195, 9.53991, 9.898771, 9.98063 ] }, { "date": "2024-03-29", "close": 8.88293, "volume": 209, "typical_volume": 1703.45, "trend": 10.172159, "fair_value": 15.171544, "relative_strength": -31.631672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.798233, "energy": 81.847884, "activity_lines": [ 8.820089, 9.350952, 9.798629, 9.889087 ] }, { "date": "2024-04-05", "close": 8.677499, "volume": 1405, "typical_volume": 1614.4, "trend": 10.030757, "fair_value": 15.119201, "relative_strength": -33.172681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.548748, "energy": 79.411847, "activity_lines": [ 8.718574, 9.145561, 9.684289, 9.792657 ] }, { "date": "2024-04-12", "close": 9.211997, "volume": 1432, "typical_volume": 1546.0, "trend": 9.915804, "fair_value": 15.06613, "relative_strength": -28.216288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.935238, "energy": 52.995928, "activity_lines": [ 8.900682, 9.074587, 9.623422, 9.739834 ] }, { "date": "2024-04-19", "close": 9.251942, "volume": 1549, "typical_volume": 1595.2, "trend": 9.839848, "fair_value": 15.010944, "relative_strength": -26.831703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.265425, "energy": 40.746192, "activity_lines": [ 9.04182, 9.04216, 9.567064, 9.697004 ] }, { "date": "2024-04-26", "close": 8.749782, "volume": 12274, "typical_volume": 2041.5, "trend": 9.791098, "fair_value": 14.951944, "relative_strength": -30.178779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.52304, "energy": 39.143375, "activity_lines": [ 8.975373, 8.953441, 9.461244, 9.626677 ] }, { "date": "2024-05-03", "close": 8.770704, "volume": 32, "typical_volume": 1962.85, "trend": 9.746812, "fair_value": 14.896046, "relative_strength": -29.882246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.147961, "energy": 34.977652, "activity_lines": [ 8.913998, 8.896744, 9.357973, 9.560845 ] }, { "date": "2024-05-10", "close": 8.601414, "volume": 5006, "typical_volume": 2095.4, "trend": 9.694058, "fair_value": 14.843214, "relative_strength": -32.015955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.591501, "energy": 44.969142, "activity_lines": [ 8.803674, 8.832053, 9.246072, 9.486949 ] }, { "date": "2024-05-17", "close": 8.085938, "volume": 228, "typical_volume": 2100.45, "trend": 9.626319, "fair_value": 14.785299, "relative_strength": -36.193634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.565183, "energy": 72.501592, "activity_lines": [ 8.526598, 8.703784, 9.094699, 9.383199 ] }, { "date": "2024-05-24", "close": 7.739751, "volume": 4006, "typical_volume": 2295.85, "trend": 9.553318, "fair_value": 14.720418, "relative_strength": -37.89844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.198062, "energy": 82.457709, "activity_lines": [ 8.209196, 8.51824, 8.923083, 9.261485 ] }, { "date": "2024-05-31", "close": 7.63133, "volume": 5765, "typical_volume": 2433.7, "trend": 9.476389, "fair_value": 14.648317, "relative_strength": -36.870395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.668024, "energy": 85.521797, "activity_lines": [ 7.956467, 8.329514, 8.756434, 9.137486 ] }, { "date": "2024-06-07", "close": 8.076427, "volume": 3635, "typical_volume": 2401.3, "trend": 9.411942, "fair_value": 14.574323, "relative_strength": -31.742243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.935749, "energy": 84.958731, "activity_lines": [ 7.926667, 8.241532, 8.645498, 9.047166 ] }, { "date": "2024-06-14", "close": 7.456335, "volume": 1000, "typical_volume": 2355.35, "trend": 9.353255, "fair_value": 14.496355, "relative_strength": -33.927317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.103704, "energy": 88.619058, "activity_lines": [ 7.736454, 8.05547, 8.484823, 8.920998 ] }, { "date": "2024-06-21", "close": 7.538126, "volume": 1477, "typical_volume": 2378.6, "trend": 9.292523, "fair_value": 14.41891, "relative_strength": -33.337785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.452145, "energy": 79.577584, "activity_lines": [ 7.649844, 7.906481, 8.347506, 8.803892 ] }, { "date": "2024-06-28", "close": 7.13868, "volume": 132, "typical_volume": 2216.35, "trend": 9.233543, "fair_value": 14.338905, "relative_strength": -36.237485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.91438, "energy": 79.255492, "activity_lines": [ 7.466606, 7.7153, 8.18831, 8.664935 ] }, { "date": "2024-07-05", "close": 7.172917, "volume": 1450, "typical_volume": 2229.0, "trend": 9.177085, "fair_value": 14.256747, "relative_strength": -36.717447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.382348, "energy": 73.799176, "activity_lines": [ 7.334852, 7.568767, 8.051608, 8.531991 ] }, { "date": "2024-07-12", "close": 7.62182, "volume": 763, "typical_volume": 2225.7, "trend": 9.086342, "fair_value": 14.177466, "relative_strength": -31.703778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.260869, "energy": 60.307493, "activity_lines": [ 7.383293, 7.532523, 7.972558, 8.431652 ] }, { "date": "2024-07-19", "close": 7.231884, "volume": 2326, "typical_volume": 2320.85, "trend": 8.973341, "fair_value": 14.094499, "relative_strength": -33.612317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.561582, "energy": 59.894423, "activity_lines": [ 7.332062, 7.446271, 7.867809, 8.312009 ] }, { "date": "2024-07-26", "close": 7.283241, "volume": 5285, "typical_volume": 2559.7, "trend": 8.857501, "fair_value": 14.015421, "relative_strength": -31.96399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.878268, "energy": 54.408683, "activity_lines": [ 7.312914, 7.394256, 7.782368, 8.20297 ] }, { "date": "2024-08-02", "close": 6.088706, "volume": 3898, "typical_volume": 2698.85, "trend": 8.695409, "fair_value": 13.919193, "relative_strength": -39.59143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.508425, "energy": 67.145261, "activity_lines": [ 6.91258, 7.139648, 7.588469, 8.024338 ] }, { "date": "2024-08-09", "close": 6.195225, "volume": 1000, "typical_volume": 2643.6, "trend": 8.554287, "fair_value": 13.821276, "relative_strength": -37.938137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.278153, "energy": 68.071569, "activity_lines": [ 6.617751, 6.934426, 7.416906, 7.863036 ] }, { "date": "2024-08-16", "close": 7.194345, "volume": 155, "typical_volume": 2640.9, "trend": 8.459653, "fair_value": 13.739255, "relative_strength": -28.189486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.38914, "energy": 56.448378, "activity_lines": [ 6.721141, 6.936973, 7.352526, 7.775298 ] }, { "date": "2024-08-23", "close": 7.379359, "volume": 1241, "typical_volume": 2632.7, "trend": 8.348116, "fair_value": 13.656047, "relative_strength": -26.538415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.505696, "energy": 50.835643, "activity_lines": [ 6.9147, 6.989197, 7.313808, 7.705602 ] }, { "date": "2024-08-30", "close": 7.514265, "volume": 155, "typical_volume": 2568.85, "trend": 8.234169, "fair_value": 13.570144, "relative_strength": -24.935579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.472289, "energy": 24.99825, "activity_lines": [ 7.143397, 7.067348, 7.294119, 7.651805 ] }, { "date": "2024-09-06", "close": 7.32347, "volume": 0, "typical_volume": 2491.4, "trend": 8.105702, "fair_value": 13.483019, "relative_strength": -22.661982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.569176, "energy": 20.492521, "activity_lines": [ 7.293093, 7.111244, 7.264344, 7.59305 ] }, { "date": "2024-09-13", "close": 8.381517, "volume": 6807, "typical_volume": 2218.05, "trend": 8.041695, "fair_value": 13.400302, "relative_strength": -10.94408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.723503, "energy": 14.378474, "activity_lines": [ 7.713155, 7.344152, 7.344519, 7.610845 ] }, { "date": "2024-09-20", "close": 8.578095, "volume": 2135, "typical_volume": 2323.2, "trend": 7.9935, "fair_value": 13.302236, "relative_strength": -8.312964, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.409678, "energy": 25.554581, "activity_lines": [ 8.052989, 7.590827, 7.445168, 7.645451 ] }, { "date": "2024-09-27", "close": 9.131209, "volume": 306, "typical_volume": 2088.2, "trend": 7.955894, "fair_value": 13.210087, "relative_strength": -2.746502, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.021005, "energy": 39.295385, "activity_lines": [ 8.484945, 7.920681, 7.599413, 7.718852 ] }, { "date": "2024-10-04", "close": 8.817072, "volume": 762, "typical_volume": 2114.9, "trend": 7.969873, "fair_value": 13.117112, "relative_strength": -4.521229, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.532375, "energy": 45.22082, "activity_lines": [ 8.695399, 8.158886, 7.721217, 7.774411 ] }, { "date": "2024-10-11", "close": 8.882598, "volume": 0, "typical_volume": 1914.6, "trend": 7.977661, "fair_value": 13.028116, "relative_strength": -3.393893, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.958082, "energy": 54.480029, "activity_lines": [ 8.840841, 8.381118, 7.845779, 7.833297 ] }, { "date": "2024-10-18", "close": 8.558824, "volume": 1488, "typical_volume": 1700.75, "trend": 7.972247, "fair_value": 12.931112, "relative_strength": -6.55156, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.026398, "energy": 41.556134, "activity_lines": [ 8.774416, 8.493683, 7.934064, 7.870791 ] }, { "date": "2024-10-25", "close": 8.35261, "volume": 0, "typical_volume": 1519.0, "trend": 7.954569, "fair_value": 12.839905, "relative_strength": -6.998546, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.320208, "energy": 24.139711, "activity_lines": [ 8.627433, 8.52578, 7.998293, 7.895331 ] }, { "date": "2024-11-01", "close": 8.529915, "volume": 895, "typical_volume": 1513.75, "trend": 7.94965, "fair_value": 12.752208, "relative_strength": -3.033625, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.014019, "energy": 16.18045, "activity_lines": [ 8.554584, 8.569055, 8.078093, 7.93245 ] }, { "date": "2024-11-08", "close": 8.674458, "volume": 282, "typical_volume": 1454.0, "trend": 7.931732, "fair_value": 12.668997, "relative_strength": -1.471674, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 42.016244, "energy": 23.450964, "activity_lines": [ 8.570002, 8.617692, 8.166547, 7.979212 ] }, { "date": "2024-11-15", "close": 8.630131, "volume": 360, "typical_volume": 1465.4, "trend": 7.911005, "fair_value": 12.58906, "relative_strength": -1.837222, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.0841, "energy": 22.517974, "activity_lines": [ 8.580152, 8.637174, 8.245368, 8.02427 ] }, { "date": "2024-11-22", "close": 8.811291, "volume": 1413, "typical_volume": 1463.55, "trend": 7.913055, "fair_value": 12.523337, "relative_strength": 1.18293, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.458014, "energy": 29.078395, "activity_lines": [ 8.66752, 8.665837, 8.33434, 8.082353 ] }, { "date": "2024-11-29", "close": 9.296951, "volume": 3106, "typical_volume": 1580.7, "trend": 7.930597, "fair_value": 12.469625, "relative_strength": 6.609345, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.758851, "energy": 57.082988, "activity_lines": [ 8.899943, 8.774988, 8.461764, 8.171636 ] }, { "date": "2024-12-06", "close": 9.501238, "volume": 4807, "typical_volume": 1704.75, "trend": 7.960591, "fair_value": 12.415443, "relative_strength": 7.616908, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.932331, "energy": 66.920363, "activity_lines": [ 9.137506, 8.908212, 8.600667, 8.272968 ] }, { "date": "2024-12-13", "close": 9.347059, "volume": 25620, "typical_volume": 2721.5, "trend": 8.002628, "fair_value": 12.363238, "relative_strength": 4.421648, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.763791, "energy": 81.02351, "activity_lines": [ 9.258921, 9.006676, 8.714079, 8.362418 ] }, { "date": "2024-12-20", "close": 8.208067, "volume": 2000, "typical_volume": 2626.6, "trend": 8.018239, "fair_value": 12.296021, "relative_strength": -6.203507, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.602853, "energy": 56.045691, "activity_lines": [ 8.955832, 8.888414, 8.709189, 8.375672 ] }, { "date": "2024-12-27", "close": 7.893929, "volume": 170, "typical_volume": 2585.1, "trend": 8.026992, "fair_value": 12.229756, "relative_strength": -10.131601, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.612111, "energy": 11.855998, "activity_lines": [ 8.576168, 8.725301, 8.664288, 8.367652 ] }, { "date": "2025-01-03", "close": 7.911274, "volume": 1468, "typical_volume": 2650.75, "trend": 8.021487, "fair_value": 12.161822, "relative_strength": -9.700411, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.683082, "energy": 22.996991, "activity_lines": [ 8.263443, 8.577429, 8.612951, 8.360186 ] }, { "date": "2025-01-10", "close": 7.105692, "volume": 1387, "typical_volume": 2658.05, "trend": 8.009799, "fair_value": 12.085165, "relative_strength": -18.173891, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -44.167072, "energy": 47.696804, "activity_lines": [ 7.774569, 8.291113, 8.481477, 8.301102 ] }, { "date": "2025-01-17", "close": 7.572082, "volume": 4717, "typical_volume": 2886.15, "trend": 8.010931, "fair_value": 12.01565, "relative_strength": -15.093664, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.607722, "energy": 58.957273, "activity_lines": [ 7.600862, 8.11549, 8.395724, 8.272863 ] }, { "date": "2025-01-24", "close": 7.626044, "volume": 4422, "typical_volume": 3107.25, "trend": 8.027176, "fair_value": 11.9536, "relative_strength": -15.15255, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.44766, "energy": 60.889941, "activity_lines": [ 7.563473, 7.969722, 8.314836, 8.248031 ] }, { "date": "2025-01-31", "close": 8.167595, "volume": 8162, "typical_volume": 3175.0, "trend": 8.060332, "fair_value": 11.892056, "relative_strength": -8.779648, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.403384, "energy": 45.437427, "activity_lines": [ 7.745404, 7.940673, 8.284083, 8.25709 ] }, { "date": "2025-02-07", "close": 8.512568, "volume": 11826, "typical_volume": 3659.55, "trend": 8.090024, "fair_value": 11.829163, "relative_strength": -4.396762, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 6.010294, "energy": 10.081679, "activity_lines": [ 8.024081, 7.98605, 8.287203, 8.286267 ] }, { "date": "2025-02-14", "close": 8.672529, "volume": 18021, "typical_volume": 4545.3, "trend": 8.138045, "fair_value": 11.75899, "relative_strength": -6.772819, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.566823, "energy": 15.096067, "activity_lines": [ 8.315991, 8.074773, 8.305869, 8.323848 ] }, { "date": "2025-02-21", "close": 8.618568, "volume": 6609, "typical_volume": 4837.65, "trend": 8.182556, "fair_value": 11.703303, "relative_strength": -5.889887, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.494378, "energy": 21.979732, "activity_lines": [ 8.48546, 8.168752, 8.321581, 8.354849 ] }, { "date": "2025-02-28", "close": 8.716856, "volume": 14378, "typical_volume": 5556.55, "trend": 8.270161, "fair_value": 11.651211, "relative_strength": -6.34763, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.318431, "energy": 31.530702, "activity_lines": [ 8.617925, 8.293846, 8.347599, 8.38932 ] }, { "date": "2025-03-07", "close": 8.308284, "volume": 7069, "typical_volume": 5835.6, "trend": 8.340597, "fair_value": 11.597687, "relative_strength": -13.29917, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.110118, "energy": 16.831148, "activity_lines": [ 8.541478, 8.335405, 8.335494, 8.39178 ] }, { "date": "2025-03-14", "close": 7.304384, "volume": 9559, "typical_volume": 6313.55, "trend": 8.344264, "fair_value": 11.535948, "relative_strength": -23.349151, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.619, "energy": 24.610347, "activity_lines": [ 8.121019, 8.186902, 8.228973, 8.324928 ] }, { "date": "2025-03-21", "close": 7.600851, "volume": 3011, "typical_volume": 6419.35, "trend": 8.351648, "fair_value": 11.461279, "relative_strength": -19.024161, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.084536, "energy": 39.006296, "activity_lines": [ 7.879928, 8.103337, 8.155678, 8.276965 ] }, { "date": "2025-03-28", "close": 7.175655, "volume": 6163, "typical_volume": 6713.4, "trend": 8.340361, "fair_value": 11.391003, "relative_strength": -21.477507, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.321953, "energy": 63.636366, "activity_lines": [ 7.56855, 7.93346, 8.046312, 8.201095 ] }, { "date": "2025-04-04", "close": 5.85326, "volume": 52035, "typical_volume": 9297.15, "trend": 8.291354, "fair_value": 11.318775, "relative_strength": -28.36373, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.808855, "energy": 85.335642, "activity_lines": [ 6.912568, 7.530356, 7.818142, 8.040637 ] }, { "date": "2025-04-11", "close": 5.950782, "volume": 4639, "typical_volume": 9458.45, "trend": 8.210329, "fair_value": 11.245393, "relative_strength": -25.604391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.401495, "energy": 88.577242, "activity_lines": [ 6.48, 7.177215, 7.612482, 7.889632 ] }, { "date": "2025-04-18", "close": 6.395481, "volume": 125, "typical_volume": 9309.4, "trend": 8.137575, "fair_value": 11.179608, "relative_strength": -23.453999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.91805, "energy": 83.735979, "activity_lines": [ 6.352832, 6.945235, 7.462796, 7.772545 ] }, { "date": "2025-04-25", "close": 6.686096, "volume": 2547, "typical_volume": 9196.4, "trend": 8.056071, "fair_value": 11.115685, "relative_strength": -22.268095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.196996, "energy": 80.434722, "activity_lines": [ 6.383128, 6.804586, 7.354604, 7.678901 ] }, { "date": "2025-05-02", "close": 7.55404, "volume": 3, "typical_volume": 7915.55, "trend": 8.01397, "fair_value": 11.062665, "relative_strength": -12.942174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.789555, "energy": 45.972641, "activity_lines": [ 6.763723, 6.857862, 7.342479, 7.646512 ] }, { "date": "2025-05-09", "close": 8.088459, "volume": 465, "typical_volume": 7838.8, "trend": 7.987499, "fair_value": 11.01841, "relative_strength": -10.531672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.712712, "energy": 17.220664, "activity_lines": [ 7.297232, 7.02766, 7.389789, 7.651318 ] }, { "date": "2025-05-16", "close": 8.934949, "volume": 930, "typical_volume": 7876.8, "trend": 8.000037, "fair_value": 10.977802, "relative_strength": -3.878693, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 7.376786, "energy": 26.876406, "activity_lines": [ 7.963892, 7.362791, 7.518287, 7.712444 ] }, { "date": "2025-05-23", "close": 8.459043, "volume": 1381, "typical_volume": 7872.45, "trend": 8.003584, "fair_value": 10.934736, "relative_strength": -7.752853, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.171253, "energy": 38.206789, "activity_lines": [ 8.272971, 7.6, 7.596503, 7.742057 ] }, { "date": "2025-05-30", "close": 8.675542, "volume": 1762, "typical_volume": 7891.2, "trend": 8.008439, "fair_value": 10.890092, "relative_strength": -6.222048, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.987865, "energy": 41.942703, "activity_lines": [ 8.516646, 7.855578, 7.69273, 7.785409 ] }, { "date": "2025-06-06", "close": 8.597524, "volume": 652, "typical_volume": 7687.95, "trend": 8.005874, "fair_value": 10.846727, "relative_strength": -7.294311, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.734192, "energy": 50.606035, "activity_lines": [ 8.601685, 8.077431, 7.774051, 7.823415 ] }, { "date": "2025-06-13", "close": 8.585821, "volume": 1638, "typical_volume": 7548.75, "trend": 8.004397, "fair_value": 10.813966, "relative_strength": -5.30347, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.21984, "energy": 48.045088, "activity_lines": [ 8.613257, 8.271304, 7.849375, 7.860831 ] }, { "date": "2025-06-20", "close": 9.598098, "volume": 1413, "typical_volume": 7211.3, "trend": 8.030624, "fair_value": 10.784134, "relative_strength": 6.246736, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.293678, "energy": 60.448619, "activity_lines": [ 8.929098, 8.599545, 8.016535, 7.96365 ] }, { "date": "2025-06-27", "close": 10.498224, "volume": 1046, "typical_volume": 6672.3, "trend": 8.070666, "fair_value": 10.766005, "relative_strength": 13.578477, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 87.307516, "energy": 83.689224, "activity_lines": [ 9.500771, 9.02513, 8.26261, 8.12285 ] }, { "date": "2025-07-04", "close": 10.03012, "volume": 1200, "typical_volume": 5831.25, "trend": 8.088296, "fair_value": 10.75318, "relative_strength": 9.014637, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.545934, "energy": 85.514967, "activity_lines": [ 9.780464, 9.291011, 8.454648, 8.249266 ] }, { "date": "2025-07-11", "close": 10.459215, "volume": 1235, "typical_volume": 5562.55, "trend": 8.125368, "fair_value": 10.743106, "relative_strength": 10.891043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.555762, "energy": 90.556008, "activity_lines": [ 10.112883, 9.574107, 8.681087, 8.402229 ] }, { "date": "2025-07-18", "close": 10.468967, "volume": 587, "typical_volume": 4873.0, "trend": 8.200731, "fair_value": 10.727755, "relative_strength": 10.569455, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.683974, "energy": 88.796856, "activity_lines": [ 10.32444, 9.806156, 8.89969, 8.553429 ] }, { "date": "2025-07-25", "close": 11.185754, "volume": 719, "typical_volume": 4555.5, "trend": 8.310459, "fair_value": 10.716406, "relative_strength": 15.331546, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.782939, "energy": 91.710528, "activity_lines": [ 10.649383, 10.125248, 9.178215, 8.746011 ] }, { "date": "2025-08-01", "close": 10.766409, "volume": 4238, "typical_volume": 4289.45, "trend": 8.40563, "fair_value": 10.698809, "relative_strength": 13.247741, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.940839, "energy": 82.384132, "activity_lines": [ 10.728701, 10.327171, 9.403101, 8.904459 ] }, { "date": "2025-08-08", "close": 10.683516, "volume": 907, "typical_volume": 4184.25, "trend": 8.524891, "fair_value": 10.669409, "relative_strength": 5.599442, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.698779, "energy": 64.846205, "activity_lines": [ 10.762508, 10.472071, 9.603605, 9.05142 ] }, { "date": "2025-08-15", "close": 10.605498, "volume": 2779, "typical_volume": 4015.05, "trend": 8.626004, "fair_value": 10.644963, "relative_strength": 1.929481, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.810961, "energy": 62.637855, "activity_lines": [ 10.72675, 10.566277, 9.782001, 9.185653 ] }, { "date": "2025-08-22", "close": 9.973073, "volume": 479, "typical_volume": 1437.25, "trend": 8.704239, "fair_value": 10.618847, "relative_strength": -3.023084, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.664948, "energy": 43.706326, "activity_lines": [ 10.470432, 10.508988, 9.883832, 9.27256 ] }, { "date": "2025-08-29", "close": 10.244081, "volume": 2, "typical_volume": 1205.4, "trend": 8.773455, "fair_value": 10.602818, "relative_strength": 3.134867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.333171, "energy": 34.146913, "activity_lines": [ 10.337509, 10.47575, 9.991856, 9.371905 ] }, { "date": "2025-09-05", "close": 9.789773, "volume": 227, "typical_volume": 1210.5, "trend": 8.816028, "fair_value": 10.581491, "relative_strength": -1.154501, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.286942, "energy": 22.665353, "activity_lines": [ 10.115928, 10.348166, 10.036168, 9.437474 ] }, { "date": "2025-09-12", "close": 9.774006, "volume": 0, "typical_volume": 1083.15, "trend": 8.852744, "fair_value": 10.561256, "relative_strength": -2.188175, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.977063, "energy": 22.863694, "activity_lines": [ 9.954201, 10.230596, 10.062816, 9.499279 ] }, { "date": "2025-09-19", "close": 9.835105, "volume": 5890, "typical_volume": 1377.5, "trend": 8.893296, "fair_value": 10.55155, "relative_strength": -0.947428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.824274, "energy": 21.436315, "activity_lines": [ 9.873474, 10.128792, 10.080578, 9.562657 ] }, { "date": "2025-09-26", "close": 10.076549, "volume": 3278, "typical_volume": 1518.15, "trend": 8.938619, "fair_value": 10.544584, "relative_strength": 1.23446, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.073142, "energy": 16.80459, "activity_lines": [ 9.924587, 10.082234, 10.110472, 9.638996 ] }, { "date": "2025-10-03", "close": 9.817367, "volume": 6150, "typical_volume": 1779.15, "trend": 8.988921, "fair_value": 10.529993, "relative_strength": -3.165499, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.672095, "energy": 13.624713, "activity_lines": [ 9.882409, 9.995687, 10.106215, 9.695689 ] }, { "date": "2025-10-10", "close": 9.115704, "volume": 4138, "typical_volume": 1917.0, "trend": 9.049299, "fair_value": 10.509713, "relative_strength": -7.9322, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.370463, "energy": 11.646548, "activity_lines": [ 9.63479, 9.806444, 10.030931, 9.703869 ] }, { "date": "2025-10-17", "close": 9.336452, "volume": 17769, "typical_volume": 2717.35, "trend": 9.107152, "fair_value": 10.488461, "relative_strength": -3.603412, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.216233, "energy": 12.822338, "activity_lines": [ 9.505692, 9.68735, 9.973544, 9.722395 ] }, { "date": "2025-10-24", "close": 9.29112, "volume": 9171, "typical_volume": 3143.3, "trend": 9.177668, "fair_value": 10.460956, "relative_strength": -5.586324, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.535025, "energy": 18.649343, "activity_lines": [ 9.390654, 9.584507, 9.908692, 9.734264 ] }, { "date": "2025-10-31", "close": 8.928463, "volume": 3162, "typical_volume": 3219.5, "trend": 9.280174, "fair_value": 10.429934, "relative_strength": -11.497059, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.810049, "energy": 43.16354, "activity_lines": [ 9.190995, 9.439623, 9.805999, 9.718186 ] }, { "date": "2025-11-07", "close": 8.276073, "volume": 6444, "typical_volume": 3471.05, "trend": 9.357684, "fair_value": 10.390555, "relative_strength": -16.494638, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.173612, "energy": 60.246324, "activity_lines": [ 8.850412, 9.195116, 9.639542, 9.653405 ] }, { "date": "2025-11-14", "close": 7.773478, "volume": 2351, "typical_volume": 3536.3, "trend": 9.403617, "fair_value": 10.348551, "relative_strength": -22.579649, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.40393, "energy": 71.702668, "activity_lines": [ 8.445051, 8.89501, 9.431514, 9.551198 ] }, { "date": "2025-11-21", "close": 8.132194, "volume": 18933, "typical_volume": 4422.95, "trend": 9.451821, "fair_value": 10.30348, "relative_strength": -17.308911, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.151768, "energy": 74.235004, "activity_lines": [ 8.248743, 8.696785, 9.270624, 9.469171 ] }, { "date": "2025-11-28", "close": 8.774728, "volume": 11268, "typical_volume": 4924.6, "trend": 9.49251, "fair_value": 10.261334, "relative_strength": -13.99937, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.98619, "energy": 79.129861, "activity_lines": [ 8.346897, 8.645235, 9.179966, 9.425488 ] }, { "date": "2025-12-05", "close": 8.561863, "volume": 15126, "typical_volume": 5651.55, "trend": 9.50829, "fair_value": 10.22021, "relative_strength": -16.513523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.490367, "energy": 72.898923, "activity_lines": [ 8.408523, 8.574263, 9.077056, 9.365446 ] }, { "date": "2025-12-12", "close": 8.366737, "volume": 12333, "typical_volume": 6232.25, "trend": 9.48935, "fair_value": 10.17843, "relative_strength": -18.036559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.008696, "energy": 48.925158, "activity_lines": [ 8.429546, 8.495352, 8.964644, 9.291797 ] }, { "date": "2025-12-19", "close": 8.459373, "volume": 7386, "typical_volume": 6389.65, "trend": 9.489361, "fair_value": 10.143208, "relative_strength": -18.68492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.54017, "energy": 37.299471, "activity_lines": [ 8.475403, 8.45966, 8.874479, 9.225347 ] }, { "date": "2025-12-26", "close": 8.516531, "volume": 0, "typical_volume": 6344.3, "trend": 9.484061, "fair_value": 10.108949, "relative_strength": -17.895027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.153681, "energy": 37.317911, "activity_lines": [ 8.494587, 8.446293, 8.800743, 9.162584 ] }, { "date": "2026-01-02", "close": 8.727424, "volume": 3918, "typical_volume": 6401.25, "trend": 9.488391, "fair_value": 10.071867, "relative_strength": -17.072843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.22196, "energy": 33.861948, "activity_lines": [ 8.558447, 8.486178, 8.757411, 9.113769 ] }, { "date": "2026-01-09", "close": 8.711657, "volume": 7806, "typical_volume": 6767.6, "trend": 9.492585, "fair_value": 10.03051, "relative_strength": -17.743091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.178183, "energy": 27.963973, "activity_lines": [ 8.620204, 8.533446, 8.721521, 9.063657 ] }, { "date": "2026-01-16", "close": 8.078978, "volume": 9326, "typical_volume": 7233.8, "trend": 9.441948, "fair_value": 9.979134, "relative_strength": -24.261603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.841393, "energy": 40.821744, "activity_lines": [ 8.461082, 8.469622, 8.631382, 8.972456 ] }, { "date": "2026-01-23", "close": 7.515282, "volume": 341, "typical_volume": 7239.5, "trend": 9.342516, "fair_value": 9.922952, "relative_strength": -29.738854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.901776, "energy": 58.488611, "activity_lines": [ 8.133245, 8.306892, 8.497868, 8.848155 ] }, { "date": "2026-01-30", "close": 6.845155, "volume": 5631, "typical_volume": 7521.05, "trend": 9.236351, "fair_value": 9.863071, "relative_strength": -36.419854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.142543, "energy": 87.317918, "activity_lines": [ 7.644972, 8.027016, 8.311363, 8.687035 ] }, { "date": "2026-02-06", "close": 6.912167, "volume": 12031, "typical_volume": 7828.1, "trend": 9.118116, "fair_value": 9.817931, "relative_strength": -35.858882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.586586, "energy": 92.013423, "activity_lines": [ 7.290461, 7.782724, 8.145188, 8.537088 ] }, { "date": "2026-02-13", "close": 6.687477, "volume": 1892, "typical_volume": 7758.8, "trend": 8.992066, "fair_value": 9.767773, "relative_strength": -36.873625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.097242, "energy": 92.713375, "activity_lines": [ 6.982071, 7.531444, 7.971532, 8.380273 ] }, { "date": "2026-02-20", "close": 6.40563, "volume": 2997, "typical_volume": 7601.15, "trend": 8.832729, "fair_value": 9.715808, "relative_strength": -40.839536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.188569, "energy": 93.526549, "activity_lines": [ 6.714677, 7.262999, 7.787172, 8.213406 ] }, { "date": "2026-02-27", "close": 6.600755, "volume": 13599, "typical_volume": 8074.2, "trend": 8.693874, "fair_value": 9.666286, "relative_strength": -37.296467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.602622, "energy": 88.36918, "activity_lines": [ 6.623881, 7.065687, 7.637641, 8.069407 ] }, { "date": "2026-03-06", "close": 6.746606, "volume": 10944, "typical_volume": 7732.95, "trend": 8.562643, "fair_value": 9.624855, "relative_strength": -31.88805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.438562, "energy": 73.597362, "activity_lines": [ 6.642671, 6.928687, 7.513977, 7.943777 ] }, { "date": "2026-03-13", "close": 6.328, "volume": 2219, "typical_volume": 7385.35, "trend": 8.42006, "fair_value": 9.584434, "relative_strength": -34.063835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.76556, "energy": 68.519887, "activity_lines": [ 6.528495, 6.747758, 7.362779, 7.799607 ] }, { "date": "2026-03-20", "close": 6.25, "volume": 506, "typical_volume": 7252.55, "trend": 8.295958, "fair_value": 9.542313, "relative_strength": -33.614024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.976708, "energy": 66.452541, "activity_lines": [ 6.427264, 6.596272, 7.218262, 7.659603 ] }, { "date": "2026-03-27", "close": 6.236, "volume": 3052, "typical_volume": 7082.95, "trend": 8.162355, "fair_value": 9.496503, "relative_strength": -34.344437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.964078, "energy": 61.226134, "activity_lines": [ 6.350531, 6.486999, 7.085166, 7.526702 ] }, { "date": "2026-04-03", "close": 6.656, "volume": 0, "typical_volume": 6965.4, "trend": 8.057896, "fair_value": 9.453175, "relative_strength": -32.075083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.691839, "energy": 54.239062, "activity_lines": [ 6.425107, 6.487597, 7.001785, 7.429518 ] }, { "date": "2026-04-10", "close": 6.176, "volume": 350, "typical_volume": 6036.25, "trend": 7.937962, "fair_value": 9.405331, "relative_strength": -40.492675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.668037, "energy": 53.145274, "activity_lines": [ 6.336, 6.416547, 6.878011, 7.308106 ] }, { "date": "2026-04-17", "close": 7.304, "volume": 2366, "typical_volume": 5591.15, "trend": 7.853592, "fair_value": 9.359588, "relative_strength": -31.022825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.607922, "energy": 30.484238, "activity_lines": [ 6.660933, 6.562753, 6.870981, 7.267205 ] }, { "date": "2026-04-24", "close": 6.89, "volume": 9123, "typical_volume": 5291.0, "trend": 7.747374, "fair_value": 9.305283, "relative_strength": -32.298373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.133675, "energy": 20.493224, "activity_lines": [ 6.7828, 6.626563, 6.831525, 7.205038 ] }, { "date": "2026-05-01", "close": 6.34, "volume": 796, "typical_volume": 4714.15, "trend": 7.631462, "fair_value": 9.243642, "relative_strength": -37.640791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.745715, "energy": 25.722265, "activity_lines": [ 6.678667, 6.58669, 6.74765, 7.114239 ] }, { "date": "2026-05-08", "close": 6.298, "volume": 3229, "typical_volume": 4506.3, "trend": 7.537538, "fair_value": 9.182093, "relative_strength": -38.446644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.765213, "energy": 24.683608, "activity_lines": [ 6.5536, 6.540375, 6.669426, 7.028209 ] }, { "date": "2026-05-15", "close": 6.084, "volume": 8812, "typical_volume": 4946.9, "trend": 7.429123, "fair_value": 9.121511, "relative_strength": -39.646823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.892366, "energy": 40.669981, "activity_lines": [ 6.381067, 6.460655, 6.581113, 6.934433 ] }, { "date": "2026-05-22", "close": 6.224, "volume": 1600, "typical_volume": 4831.0, "trend": 7.326886, "fair_value": 9.066026, "relative_strength": -38.918113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.587376, "energy": 44.989642, "activity_lines": [ 6.261333, 6.418436, 6.517718, 6.856683 ] }, { "date": "2026-05-29", "close": 6.198, "volume": 2075, "typical_volume": 4544.45, "trend": 7.23587, "fair_value": 9.013283, "relative_strength": -40.173645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.975092, "energy": 48.041811, "activity_lines": [ 6.204933, 6.373382, 6.463767, 6.783852 ] }, { "date": "2026-06-05", "close": 6.56, "volume": 0, "typical_volume": 4078.15, "trend": 7.178668, "fair_value": 8.964871, "relative_strength": -35.375955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.453169, "energy": 35.825243, "activity_lines": [ 6.315333, 6.395091, 6.456262, 6.740247 ] }, { "date": "2026-06-12", "close": 7.02, "volume": 13, "typical_volume": 4061.75, "trend": 7.153552, "fair_value": 8.923127, "relative_strength": -32.107954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.801501, "energy": 12.308943, "activity_lines": [ 6.5644, 6.494545, 6.499799, 6.73001 ] }, { "date": "2026-06-19", "close": 6.376, "volume": 0, "typical_volume": 3780.2, "trend": 7.095012, "fair_value": 8.877614, "relative_strength": -40.012125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.912592, "energy": 17.087588, "activity_lines": [ 6.550667, 6.470291, 6.484362, 6.679846 ] }, { "date": "2026-06-26", "close": 6.472, "volume": 1, "typical_volume": 3178.7, "trend": 7.018255, "fair_value": 8.830017, "relative_strength": -36.937812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.501148, "energy": 16.863873, "activity_lines": [ 6.549467, 6.459855, 6.480302, 6.639651 ] }, { "date": "2026-07-03", "close": 6.172, "volume": 565, "typical_volume": 3112.35, "trend": 6.938592, "fair_value": 8.783797, "relative_strength": -40.359299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.496845, "energy": 17.950152, "activity_lines": [ 6.431733, 6.41, 6.449766, 6.585054 ] }, { "date": "2026-07-10", "close": 6.488, "volume": 4366, "typical_volume": 3180.8, "trend": 6.875968, "fair_value": 8.735973, "relative_strength": -35.473276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.786373, "energy": 23.133721, "activity_lines": [ 6.421067, 6.430655, 6.451781, 6.555984 ] }, { "date": "2026-07-17", "close": 6.622, "volume": 2665, "typical_volume": 2634.1, "trend": 6.814722, "fair_value": 8.690448, "relative_strength": -31.804963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.065409, "energy": 14.580671, "activity_lines": [ 6.459867, 6.472982, 6.466165, 6.539599 ] }, { "date": "2026-07-24", "close": 6.498, "volume": 3979, "typical_volume": 2285.85, "trend": 6.747438, "fair_value": 8.636299, "relative_strength": -32.806749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.15842, "energy": 14.650199, "activity_lines": [ 6.483867, 6.486873, 6.468638, 6.519165 ] }, { "date": "2026-07-31", "close": 6.324, "volume": 2879, "typical_volume": 2318.85, "trend": 6.667324, "fair_value": 8.579685, "relative_strength": -33.398591, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.33038, "energy": 14.258196, "activity_lines": [ 6.441733, 6.4616, 6.455724, 6.491847 ] }, { "date": "2026-08-07", "close": 6.33, "volume": 1994, "typical_volume": 2393.25, "trend": 6.587935, "fair_value": 8.527699, "relative_strength": -34.158053, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.274224, "energy": 19.498497, "activity_lines": [ 6.411467, 6.4356, 6.4434, 6.470084 ] } ], "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." } } }