{ "ticker": { "uuid": "3331631d-2523-4e8b-bbd8-f00de9d156d2", "symbol": "MACI", "name": "Melar Acquisition Corp. I Class A Ordinary Shares", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 56.734, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 63.175, "architecture_energy": 45.595, "architecture_maturity": 10.92, "architecture_confidence": 70.005, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 19.79, "rotation_up": 65.72, "upward_expansion": 83.69, "deceleration": 50.2, "rotation_down": 16.5, "downward_expansion": 5.69 }, "activity_lines": [ 10.911333, 10.891636, 10.863191, 10.835914 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 10.92, "trend_reference": 10.79585, "distance_from_trend": 0.0115, "trend_direction": "Improving", "fair_value": 10.429809, "distance_from_fair_value": 0.046999, "fair_value_direction": "Improving", "relative_strength": -10.862277, "relative_strength_direction": "Improving", "price_momentum": 0.021515, "excess_performance": -0.165938, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.0115, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008517, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.046999, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004985, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.108623, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.045297, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.021515, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.018458, "read": "Demand-led" } ], "volume": { "latest": 3721, "relative_activity": 0.058659, "balance": 6.018458, "dry_up": 0.083823, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.007284, "annualized_volatility": 0.015664, "from_high_reference": -0.04, "from_low_reference": 0.043269 }, "levels": { "trend_reference": 10.79585, "fair_value_reference": 10.429809, "structural_low": 10.685, "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": 7, "median_return": 0.004669, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.002378, "regime_survival": 1.0, "best_return": 0.009268, "worst_return": -0.00553, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.011196, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.037824, "regime_survival": 1.0, "best_return": 0.013133, "worst_return": 0.009259, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.022514, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.077632, "regime_survival": 1.0, "best_return": 0.022514, "worst_return": 0.022514, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-06-19", "tenure": "Established", "return": 0.012195, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-07-03", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.002755, "active": true } ], "chart_path": [ { "date": "2024-07-19", "close": 9.95, "volume": 623035, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 9.98, "volume": 7013, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 9.99, "volume": 312971, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 9.98, "volume": 945017, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 9.99, "volume": 1028443, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 9.99, "volume": 4678, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 9.98, "volume": 341350, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 9.98, "volume": 377675, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 9.97, "volume": 1002854, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 9.98, "volume": 8344, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 9.99, "volume": 123654, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 10.03, "volume": 113223, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 9.95, "volume": 58190, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 9.98, "volume": 4317, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 10.04, "volume": 55262, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 10.04, "volume": 115007, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 10.01, "volume": 267395, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 10.03, "volume": 51512, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 10.034, "volume": 60457, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 10.04, "volume": 22406, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 10.0511, "volume": 5805, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 10.0714, "volume": 20438, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 10.06, "volume": 171280, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 10.06, "volume": 52702, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 10.09, "volume": 91174, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 10.1, "volume": 4154, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 10.11, "volume": 65655, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 10.2, "volume": 13103, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 10.16, "volume": 211009, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 10.14, "volume": 18660, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 10.16, "volume": 81146, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 10.18, "volume": 772303, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 10.23, "volume": 894087, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 10.25, "volume": 1220049, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 10.22, "volume": 65114, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 10.31, "volume": 35728, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 10.23, "volume": 5596, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 10.2865, "volume": 44486, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 10.25, "volume": 214785, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 10.28, "volume": 8310, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 10.28, "volume": 2288, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 10.3059, "volume": 165543, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 10.32, "volume": 9249, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 10.33, "volume": 63236, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 10.35, "volume": 103166, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 10.37, "volume": 11511, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 10.41, "volume": 14525, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 10.43, "volume": 2149, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 10.54, "volume": 660101, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 10.51, "volume": 1289456, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 10.52, "volume": 361036, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 10.515, "volume": 171706, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 10.53, "volume": 115509, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 10.515, "volume": 1274, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 10.46, "volume": 1876602, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 10.47, "volume": 237043, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 10.49, "volume": 31989, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 10.5, "volume": 33505, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 10.5, "volume": 41737, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 10.52, "volume": 15623, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 10.51, "volume": 2501, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 10.55, "volume": 2668, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 10.55, "volume": 521, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 10.53, "volume": 29328, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 10.54, "volume": 407, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 10.52, "volume": 538, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 10.57, "volume": 28521, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 10.55, "volume": 15821, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 10.55, "volume": 13873, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 10.57, "volume": 7681, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 10.59, "volume": 18109, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 10.58, "volume": 4523, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 10.6, "volume": 250310, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 10.61, "volume": 314949, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 10.61, "volume": 80782, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 10.61, "volume": 41836, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 10.62, "volume": 61605, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 10.645, "volume": 24251, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 10.71, "volume": 38993, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-23", "close": 10.66, "volume": 64859, "typical_volume": 50103.8, "trend": 10.5565, "fair_value": 10.298924, "relative_strength": -10.104801, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.714613, "energy": 62.615618, "activity_lines": [ 10.661667, 10.639818, 10.608476, 10.584903 ] }, { "date": "2026-01-30", "close": 10.69, "volume": 19544, "typical_volume": 50955.95, "trend": 10.562167, "fair_value": 10.303752, "relative_strength": -9.512912, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.498922, "energy": 76.244067, "activity_lines": [ 10.675333, 10.651909, 10.618595, 10.593516 ] }, { "date": "2026-02-06", "close": 10.69, "volume": 47247, "typical_volume": 53184.9, "trend": 10.568, "fair_value": 10.308462, "relative_strength": -7.516256, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.521527, "energy": 81.954836, "activity_lines": [ 10.683667, 10.662182, 10.627857, 10.601763 ] }, { "date": "2026-02-13", "close": 10.7, "volume": 15275, "typical_volume": 53922.6, "trend": 10.573667, "fair_value": 10.31318, "relative_strength": -6.126891, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.895898, "energy": 78.933527, "activity_lines": [ 10.690667, 10.672273, 10.637405, 10.61028 ] }, { "date": "2026-02-20", "close": 10.71, "volume": 10908, "typical_volume": 53001.6, "trend": 10.580167, "fair_value": 10.317904, "relative_strength": -6.927102, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.522824, "energy": 80.197382, "activity_lines": [ 10.697333, 10.682364, 10.64719, 10.619075 ] }, { "date": "2026-02-27", "close": 10.715, "volume": 42454, "typical_volume": 55103.95, "trend": 10.588667, "fair_value": 10.322575, "relative_strength": -6.404131, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.083081, "energy": 77.247039, "activity_lines": [ 10.705667, 10.691545, 10.656595, 10.627774 ] }, { "date": "2026-03-06", "close": 10.73, "volume": 234592, "typical_volume": 66806.65, "trend": 10.597333, "fair_value": 10.327313, "relative_strength": -4.797989, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.860574, "energy": 70.344578, "activity_lines": [ 10.715333, 10.701545, 10.666595, 10.636892 ] }, { "date": "2026-03-13", "close": 10.74, "volume": 65624, "typical_volume": 68661.8, "trend": 10.605667, "fair_value": 10.332056, "relative_strength": -3.412891, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.542591, "energy": 78.526506, "activity_lines": [ 10.725667, 10.711182, 10.676548, 10.646097 ] }, { "date": "2026-03-20", "close": 10.76, "volume": 39236, "typical_volume": 69832.55, "trend": 10.614333, "fair_value": 10.336919, "relative_strength": -0.98313, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.308386, "energy": 76.240137, "activity_lines": [ 10.739333, 10.722273, 10.687595, 10.656054 ] }, { "date": "2026-03-27", "close": 10.77, "volume": 389129, "typical_volume": 88595.35, "trend": 10.623333, "fair_value": 10.341785, "relative_strength": 2.706332, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.024349, "energy": 76.216, "activity_lines": [ 10.752333, 10.733091, 10.698595, 10.666097 ] }, { "date": "2026-04-03", "close": 10.77, "volume": 26505, "typical_volume": 89536.55, "trend": 10.631667, "fair_value": 10.346543, "relative_strength": -0.606811, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.911397, "energy": 71.949549, "activity_lines": [ 10.761333, 10.742818, 10.708548, 10.675559 ] }, { "date": "2026-04-10", "close": 10.7796, "volume": 1540, "typical_volume": 88708.1, "trend": 10.640653, "fair_value": 10.351302, "relative_strength": -4.266215, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.696336, "energy": 67.663754, "activity_lines": [ 10.769867, 10.752291, 10.718462, 10.685103 ] }, { "date": "2026-04-17", "close": 10.79, "volume": 8547, "typical_volume": 88909.3, "trend": 10.648653, "fair_value": 10.356071, "relative_strength": -9.12467, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.767926, "energy": 79.091893, "activity_lines": [ 10.77856, 10.762025, 10.728464, 10.694738 ] }, { "date": "2026-04-24", "close": 10.8, "volume": 1456, "typical_volume": 76466.6, "trend": 10.656987, "fair_value": 10.360844, "relative_strength": -10.47749, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.22166, "energy": 89.033717, "activity_lines": [ 10.787253, 10.77176, 10.738418, 10.704503 ] }, { "date": "2026-05-01", "close": 10.805, "volume": 117257, "typical_volume": 66582.0, "trend": 10.666153, "fair_value": 10.365569, "relative_strength": -11.318728, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.40688, "energy": 88.603278, "activity_lines": [ 10.794947, 10.780585, 10.747896, 10.714052 ] }, { "date": "2026-05-08", "close": 10.8059, "volume": 1165, "typical_volume": 62601.15, "trend": 10.675017, "fair_value": 10.370204, "relative_strength": -15.39193, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.653109, "energy": 87.116065, "activity_lines": [ 10.800607, 10.787847, 10.756531, 10.723068 ] }, { "date": "2026-05-15", "close": 10.85, "volume": 4640, "typical_volume": 60741.35, "trend": 10.686017, "fair_value": 10.375202, "relative_strength": -14.351267, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.543972, "energy": 92.405533, "activity_lines": [ 10.818573, 10.801475, 10.768434, 10.734357 ] }, { "date": "2026-05-22", "close": 10.85, "volume": 652344, "typical_volume": 90278.3, "trend": 10.69535, "fair_value": 10.380097, "relative_strength": -14.895551, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.706752, "energy": 51.881577, "activity_lines": [ 10.831847, 10.81292, 10.779193, 10.744937 ] }, { "date": "2026-05-29", "close": 10.83, "volume": 2100, "typical_volume": 89170.75, "trend": 10.704683, "fair_value": 10.384688, "relative_strength": -16.958452, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.154496, "energy": 47.346503, "activity_lines": [ 10.834453, 10.818729, 10.786953, 10.753624 ] }, { "date": "2026-06-05", "close": 10.85, "volume": 33546, "typical_volume": 88898.4, "trend": 10.714683, "fair_value": 10.389388, "relative_strength": -12.469242, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.432598, "energy": 48.920636, "activity_lines": [ 10.841727, 10.826902, 10.795736, 10.762999 ] }, { "date": "2026-06-12", "close": 10.79, "volume": 7381, "typical_volume": 86024.5, "trend": 10.722017, "fair_value": 10.393394, "relative_strength": -14.458649, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.540419, "energy": 35.351756, "activity_lines": [ 10.826, 10.822711, 10.798139, 10.767858 ] }, { "date": "2026-06-19", "close": 10.79, "volume": 91, "typical_volume": 85051.85, "trend": 10.728683, "fair_value": 10.397321, "relative_strength": -16.177413, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.752484, "energy": 23.5643, "activity_lines": [ 10.811333, 10.818156, 10.799922, 10.772244 ] }, { "date": "2026-06-26", "close": 10.88, "volume": 1116, "typical_volume": 82745.3, "trend": 10.738683, "fair_value": 10.402053, "relative_strength": -11.118485, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.689888, "energy": 34.991338, "activity_lines": [ 10.830667, 10.829776, 10.8098, 10.782007 ] }, { "date": "2026-07-03", "close": 10.88, "volume": 51, "typical_volume": 81984.1, "trend": 10.748017, "fair_value": 10.406693, "relative_strength": -11.511952, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.065431, "energy": 36.829282, "activity_lines": [ 10.848, 10.83976, 10.818774, 10.791124 ] }, { "date": "2026-07-10", "close": 10.89, "volume": 545, "typical_volume": 81465.95, "trend": 10.75735, "fair_value": 10.41134, "relative_strength": -12.613851, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.571574, "energy": 50.518695, "activity_lines": [ 10.865333, 10.850107, 10.827843, 10.800284 ] }, { "date": "2026-07-17", "close": 10.9, "volume": 2439, "typical_volume": 79465.2, "trend": 10.767017, "fair_value": 10.415994, "relative_strength": -8.413773, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.87463, "energy": 61.448003, "activity_lines": [ 10.883333, 10.860727, 10.837008, 10.809487 ] }, { "date": "2026-07-24", "close": 10.9, "volume": 334, "typical_volume": 67752.3, "trend": 10.776683, "fair_value": 10.42056, "relative_strength": -6.644414, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.388179, "energy": 60.765101, "activity_lines": [ 10.894, 10.869636, 10.845291, 10.818067 ] }, { "date": "2026-07-31", "close": 10.92, "volume": 14775, "typical_volume": 65209.85, "trend": 10.786683, "fair_value": 10.425228, "relative_strength": -6.660038, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.080972, "energy": 54.56766, "activity_lines": [ 10.904, 10.881273, 10.85467, 10.827313 ] }, { "date": "2026-08-07", "close": 10.92, "volume": 3721, "typical_volume": 63434.1, "trend": 10.79585, "fair_value": 10.429809, "relative_strength": -10.862277, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.17501, "energy": 45.595395, "activity_lines": [ 10.911333, 10.891636, 10.863191, 10.835914 ] } ], "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." } } }