{ "ticker": { "uuid": "36dbeab4-21f4-47a8-8568-061abdc31f54", "symbol": "FRE", "name": "Frendy Energy S.p.A.", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -48.602, "architecture_energy": 44.835, "architecture_maturity": 87.882, "architecture_confidence": 61.154, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 21.27, "rotation_up": 27.27, "upward_expansion": 19.52, "deceleration": 66.78, "rotation_down": 39.96, "downward_expansion": 67.18 }, "activity_lines": [ 0.187533, 0.187036, 0.191667, 0.197209 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 0.188, "trend_reference": 0.204333, "distance_from_trend": -0.079935, "trend_direction": "Weakening", "fair_value": 0.207788, "distance_from_fair_value": -0.095234, "fair_value_direction": "Weakening", "relative_strength": -23.585427, "relative_strength_direction": "Weakening", "price_momentum": -0.121495, "excess_performance": -0.292387, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.079935, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.039637, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.095234, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.049758, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.235854, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.042293, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.121495, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.655172, "read": "Supply-led" } ], "volume": { "latest": 3240, "relative_activity": 0.084388, "balance": 0.655172, "dry_up": 0.527426, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.032733, "annualized_volatility": 0.147945, "from_high_reference": -0.271318, "from_low_reference": 0.05618 }, "levels": { "trend_reference": 0.204333, "fair_value_reference": 0.207788, "structural_low": 0.178, "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": 33, "median_return": -0.010638, "positive_rate": 0.424242, "directional_follow_through": 0.575758, "median_excess_return": -0.007301, "regime_survival": 0.787879, "best_return": 0.190476, "worst_return": -0.110345, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.0, "positive_rate": 0.384615, "directional_follow_through": 0.461538, "median_excess_return": -0.043087, "regime_survival": 0.538462, "best_return": 0.206522, "worst_return": -0.192593, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.008333, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.061671, "regime_survival": 0.428571, "best_return": 0.14433, "worst_return": -0.215686, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.092121, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.160766, "regime_survival": 0.5, "best_return": 0.15625, "worst_return": -0.277108, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-02-21", "tenure": "Developing", "return": 0.0625, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.122807, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.009709, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": 0.009615, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.133333, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": -0.06087, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": 0.038835, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-09-26", "tenure": "New", "return": -0.043103, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-10-10", "tenure": "New", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-12-19", "tenure": "Developing", "return": 0.029126, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-01-30", "tenure": "Developing", "return": 0.076923, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": 0.009346, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-04-24", "tenure": "Developing", "return": -0.028571, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": -0.069307, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.2, "volume": 0, "typical_volume": 95310.0, "trend": 0.217467, "fair_value": 0.282487, "relative_strength": -17.688921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.909937, "energy": 34.24214, "activity_lines": [ 0.199067, 0.200309, 0.200557, 0.206178 ] }, { "date": "2023-08-25", "close": 0.194, "volume": 17280, "typical_volume": 94446.0, "trend": 0.2148, "fair_value": 0.281962, "relative_strength": -20.45137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.747275, "energy": 37.832114, "activity_lines": [ 0.197133, 0.199091, 0.19969, 0.204665 ] }, { "date": "2023-09-01", "close": 0.197, "volume": 9720, "typical_volume": 84510.0, "trend": 0.212967, "fair_value": 0.281442, "relative_strength": -19.592247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.861457, "energy": 31.261356, "activity_lines": [ 0.197, 0.198527, 0.199233, 0.203516 ] }, { "date": "2023-09-08", "close": 0.197, "volume": 14040, "typical_volume": 81864.0, "trend": 0.210667, "fair_value": 0.280923, "relative_strength": -17.685563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.721027, "energy": 31.152141, "activity_lines": [ 0.197, 0.198018, 0.198886, 0.202486 ] }, { "date": "2023-09-15", "close": 0.193, "volume": 10800, "typical_volume": 79326.0, "trend": 0.208767, "fair_value": 0.28016, "relative_strength": -20.418081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.234928, "energy": 36.862845, "activity_lines": [ 0.195467, 0.196836, 0.198267, 0.201346 ] }, { "date": "2023-09-22", "close": 0.194, "volume": 95040, "typical_volume": 81216.0, "trend": 0.206967, "fair_value": 0.279237, "relative_strength": -18.232523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.624565, "energy": 30.952751, "activity_lines": [ 0.194733, 0.196036, 0.197824, 0.200394 ] }, { "date": "2023-09-29", "close": 0.204, "volume": 448200, "typical_volume": 80892.0, "trend": 0.2057, "fair_value": 0.278558, "relative_strength": -12.08831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.936525, "energy": 14.778089, "activity_lines": [ 0.197733, 0.197236, 0.19839, 0.200202 ] }, { "date": "2023-10-06", "close": 0.2, "volume": 90720, "typical_volume": 82458.0, "trend": 0.2043, "fair_value": 0.277776, "relative_strength": -11.804814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.65352, "energy": 12.70116, "activity_lines": [ 0.198733, 0.197745, 0.198533, 0.199834 ] }, { "date": "2023-10-13", "close": 0.204, "volume": 45360, "typical_volume": 84186.0, "trend": 0.203167, "fair_value": 0.277122, "relative_strength": -10.766832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.770276, "energy": 11.712878, "activity_lines": [ 0.200867, 0.198964, 0.199038, 0.199815 ] }, { "date": "2023-10-20", "close": 0.2, "volume": 22680, "typical_volume": 84942.0, "trend": 0.202167, "fair_value": 0.276429, "relative_strength": -9.138815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.903803, "energy": 12.770819, "activity_lines": [ 0.2012, 0.199273, 0.199124, 0.199611 ] }, { "date": "2023-10-27", "close": 0.2, "volume": 50760, "typical_volume": 83106.0, "trend": 0.2015, "fair_value": 0.275853, "relative_strength": -8.333187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.796459, "energy": 9.578821, "activity_lines": [ 0.201067, 0.199582, 0.199162, 0.199471 ] }, { "date": "2023-11-03", "close": 0.197, "volume": 14040, "typical_volume": 78840.0, "trend": 0.200733, "fair_value": 0.275244, "relative_strength": -13.506427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.352962, "energy": 8.486157, "activity_lines": [ 0.199533, 0.199345, 0.198924, 0.199181 ] }, { "date": "2023-11-10", "close": 0.198, "volume": 18360, "typical_volume": 79704.0, "trend": 0.2, "fair_value": 0.274603, "relative_strength": -12.092269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.089515, "energy": 13.392084, "activity_lines": [ 0.1988, 0.199236, 0.198795, 0.199004 ] }, { "date": "2023-11-17", "close": 0.198, "volume": 156600, "typical_volume": 81162.0, "trend": 0.199267, "fair_value": 0.273987, "relative_strength": -14.579567, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.877929, "energy": 15.117492, "activity_lines": [ 0.1982, 0.199109, 0.198676, 0.198875 ] }, { "date": "2023-11-24", "close": 0.21, "volume": 46440, "typical_volume": 75114.0, "trend": 0.199267, "fair_value": 0.273436, "relative_strength": -8.787372, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.629477, "energy": 25.143637, "activity_lines": [ 0.202, 0.201145, 0.19971, 0.199568 ] }, { "date": "2023-12-01", "close": 0.212, "volume": 12960, "typical_volume": 69336.0, "trend": 0.199467, "fair_value": 0.272859, "relative_strength": -9.030702, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.275358, "energy": 48.868313, "activity_lines": [ 0.2058, 0.203236, 0.200905, 0.200389 ] }, { "date": "2023-12-08", "close": 0.214, "volume": 75600, "typical_volume": 70524.0, "trend": 0.2001, "fair_value": 0.272256, "relative_strength": -9.156156, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.165547, "energy": 59.209075, "activity_lines": [ 0.209467, 0.205364, 0.202252, 0.201327 ] }, { "date": "2023-12-15", "close": 0.21, "volume": 90720, "typical_volume": 73926.0, "trend": 0.200567, "fair_value": 0.271615, "relative_strength": -10.237299, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.225324, "energy": 59.027031, "activity_lines": [ 0.210667, 0.206582, 0.203181, 0.201966 ] }, { "date": "2023-12-22", "close": 0.208, "volume": 90720, "typical_volume": 76680.0, "trend": 0.200967, "fair_value": 0.271, "relative_strength": -10.503146, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.562033, "energy": 55.12831, "activity_lines": [ 0.2104, 0.207255, 0.203867, 0.202445 ] }, { "date": "2023-12-29", "close": 0.206, "volume": 21600, "typical_volume": 66582.0, "trend": 0.2015, "fair_value": 0.270385, "relative_strength": -10.821309, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.457514, "energy": 38.944884, "activity_lines": [ 0.2088, 0.207491, 0.204295, 0.20277 ] }, { "date": "2024-01-05", "close": 0.21, "volume": 96120, "typical_volume": 71388.0, "trend": 0.201767, "fair_value": 0.269731, "relative_strength": -8.987468, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.713443, "energy": 29.936658, "activity_lines": [ 0.2088, 0.208345, 0.205076, 0.203318 ] }, { "date": "2024-01-12", "close": 0.208, "volume": 389880, "typical_volume": 90018.0, "trend": 0.202033, "fair_value": 0.269128, "relative_strength": -9.569257, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.089784, "energy": 21.311545, "activity_lines": [ 0.208267, 0.208655, 0.205619, 0.20372 ] }, { "date": "2024-01-19", "close": 0.208, "volume": 170640, "typical_volume": 98064.0, "trend": 0.2023, "fair_value": 0.268577, "relative_strength": -8.713455, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.568691, "energy": 19.333639, "activity_lines": [ 0.208133, 0.208764, 0.206095, 0.204105 ] }, { "date": "2024-01-26", "close": 0.202, "volume": 144720, "typical_volume": 104598.0, "trend": 0.202367, "fair_value": 0.267987, "relative_strength": -10.776671, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.37563, "energy": 12.397021, "activity_lines": [ 0.206133, 0.2076, 0.205948, 0.204086 ] }, { "date": "2024-02-02", "close": 0.196, "volume": 64800, "typical_volume": 107298.0, "trend": 0.2021, "fair_value": 0.267269, "relative_strength": -13.721112, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.149401, "energy": 11.408021, "activity_lines": [ 0.202533, 0.205273, 0.205205, 0.203675 ] }, { "date": "2024-02-09", "close": 0.195, "volume": 81000, "typical_volume": 106596.0, "trend": 0.2018, "fair_value": 0.266417, "relative_strength": -14.591568, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.887592, "energy": 24.1049, "activity_lines": [ 0.199267, 0.203018, 0.204352, 0.203217 ] }, { "date": "2024-02-16", "close": 0.194, "volume": 101520, "typical_volume": 89262.0, "trend": 0.2014, "fair_value": 0.265609, "relative_strength": -15.933278, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.157006, "energy": 40.634979, "activity_lines": [ 0.196667, 0.200891, 0.2034, 0.202714 ] }, { "date": "2024-02-23", "close": 0.199, "volume": 39960, "typical_volume": 86724.0, "trend": 0.2014, "fair_value": 0.264833, "relative_strength": -15.629258, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.978511, "energy": 42.561429, "activity_lines": [ 0.196667, 0.200036, 0.202971, 0.202559 ] }, { "date": "2024-03-01", "close": 0.198, "volume": 73440, "typical_volume": 88128.0, "trend": 0.201533, "fair_value": 0.264038, "relative_strength": -16.046082, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.515541, "energy": 35.440974, "activity_lines": [ 0.196933, 0.1992, 0.202452, 0.20234 ] }, { "date": "2024-03-08", "close": 0.185, "volume": 199800, "typical_volume": 96984.0, "trend": 0.201033, "fair_value": 0.263135, "relative_strength": -21.963622, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.202641, "energy": 47.874956, "activity_lines": [ 0.193133, 0.196182, 0.200724, 0.201273 ] }, { "date": "2024-03-15", "close": 0.187, "volume": 83160, "typical_volume": 98604.0, "trend": 0.2006, "fair_value": 0.262205, "relative_strength": -21.552535, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.233888, "energy": 55.763733, "activity_lines": [ 0.190733, 0.193909, 0.199257, 0.200368 ] }, { "date": "2024-03-22", "close": 0.23, "volume": 1080000, "typical_volume": 151902.0, "trend": 0.2018, "fair_value": 0.261244, "relative_strength": -4.07463, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.013157, "energy": 14.389947, "activity_lines": [ 0.2032, 0.199873, 0.201948, 0.202265 ] }, { "date": "2024-03-29", "close": 0.192, "volume": 857520, "typical_volume": 193860.0, "trend": 0.201633, "fair_value": 0.260295, "relative_strength": -20.290352, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -41.226085, "energy": 16.523051, "activity_lines": [ 0.2006, 0.198527, 0.200862, 0.201632 ] }, { "date": "2024-04-05", "close": 0.197, "volume": 117720, "typical_volume": 191916.0, "trend": 0.201633, "fair_value": 0.259353, "relative_strength": -15.902806, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.88856, "energy": 17.395487, "activity_lines": [ 0.200133, 0.198382, 0.200281, 0.201333 ] }, { "date": "2024-04-12", "close": 0.206, "volume": 96120, "typical_volume": 194400.0, "trend": 0.202067, "fair_value": 0.258494, "relative_strength": -10.972024, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.81261, "energy": 11.662734, "activity_lines": [ 0.202733, 0.199964, 0.200562, 0.201615 ] }, { "date": "2024-04-19", "close": 0.199, "volume": 51840, "typical_volume": 196344.0, "trend": 0.202233, "fair_value": 0.257577, "relative_strength": -13.899463, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.206199, "energy": 14.017153, "activity_lines": [ 0.2016, 0.200091, 0.200195, 0.201417 ] }, { "date": "2024-04-26", "close": 0.198, "volume": 24840, "typical_volume": 193806.0, "trend": 0.202033, "fair_value": 0.256654, "relative_strength": -14.677002, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.043958, "energy": 13.278631, "activity_lines": [ 0.199333, 0.199964, 0.199795, 0.201144 ] }, { "date": "2024-05-03", "close": 0.197, "volume": 5400, "typical_volume": 189540.0, "trend": 0.201933, "fair_value": 0.255699, "relative_strength": -13.127477, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.798394, "energy": 14.796964, "activity_lines": [ 0.198867, 0.199582, 0.199376, 0.200819 ] }, { "date": "2024-05-10", "close": 0.198, "volume": 10800, "typical_volume": 185544.0, "trend": 0.201733, "fair_value": 0.254763, "relative_strength": -14.93253, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.930403, "energy": 17.623006, "activity_lines": [ 0.1984, 0.199418, 0.199114, 0.200566 ] }, { "date": "2024-05-17", "close": 0.202, "volume": 77760, "typical_volume": 188352.0, "trend": 0.2018, "fair_value": 0.253814, "relative_strength": -14.68728, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.808517, "energy": 13.086799, "activity_lines": [ 0.1992, 0.199982, 0.199281, 0.200583 ] }, { "date": "2024-05-24", "close": 0.198, "volume": 182520, "typical_volume": 192672.0, "trend": 0.201733, "fair_value": 0.252981, "relative_strength": -13.779407, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.942654, "energy": 14.203442, "activity_lines": [ 0.198933, 0.199509, 0.199086, 0.200338 ] }, { "date": "2024-05-31", "close": 0.197, "volume": 54000, "typical_volume": 175878.0, "trend": 0.201733, "fair_value": 0.252115, "relative_strength": -13.892068, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.272436, "energy": 18.125115, "activity_lines": [ 0.1984, 0.198655, 0.198852, 0.200032 ] }, { "date": "2024-06-07", "close": 0.198, "volume": 51840, "typical_volume": 169938.0, "trend": 0.201733, "fair_value": 0.251167, "relative_strength": -13.441756, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.38296, "energy": 17.217597, "activity_lines": [ 0.198267, 0.198582, 0.198767, 0.199791 ] }, { "date": "2024-06-14", "close": 0.195, "volume": 57240, "typical_volume": 165564.0, "trend": 0.201633, "fair_value": 0.250173, "relative_strength": -9.22718, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.91565, "energy": 23.830281, "activity_lines": [ 0.197067, 0.197855, 0.198443, 0.199357 ] }, { "date": "2024-06-21", "close": 0.193, "volume": 69120, "typical_volume": 165780.0, "trend": 0.201067, "fair_value": 0.249205, "relative_strength": -11.492484, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.029242, "energy": 33.829455, "activity_lines": [ 0.1954, 0.1968, 0.197962, 0.1988 ] }, { "date": "2024-06-28", "close": 0.193, "volume": 16200, "typical_volume": 162540.0, "trend": 0.200433, "fair_value": 0.248263, "relative_strength": -10.747539, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.13524, "energy": 42.793226, "activity_lines": [ 0.194333, 0.195982, 0.197495, 0.19828 ] }, { "date": "2024-07-05", "close": 0.194, "volume": 82080, "typical_volume": 161568.0, "trend": 0.199767, "fair_value": 0.247391, "relative_strength": -12.062327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.976412, "energy": 42.333133, "activity_lines": [ 0.193933, 0.195455, 0.197133, 0.197865 ] }, { "date": "2024-07-12", "close": 0.194, "volume": 19440, "typical_volume": 160542.0, "trend": 0.199233, "fair_value": 0.246545, "relative_strength": -13.182623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.971582, "energy": 41.358383, "activity_lines": [ 0.193733, 0.195, 0.196771, 0.197492 ] }, { "date": "2024-07-19", "close": 0.191, "volume": 54000, "typical_volume": 159570.0, "trend": 0.198667, "fair_value": 0.245654, "relative_strength": -13.211212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.095837, "energy": 42.097093, "activity_lines": [ 0.1928, 0.194055, 0.196148, 0.196961 ] }, { "date": "2024-07-26", "close": 0.196, "volume": 25920, "typical_volume": 150876.0, "trend": 0.198333, "fair_value": 0.244795, "relative_strength": -9.618669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.651902, "energy": 24.963632, "activity_lines": [ 0.1938, 0.194145, 0.196033, 0.196789 ] }, { "date": "2024-08-02", "close": 0.195, "volume": 15120, "typical_volume": 147474.0, "trend": 0.197833, "fair_value": 0.243981, "relative_strength": -4.845754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.345389, "energy": 18.169313, "activity_lines": [ 0.194267, 0.194164, 0.195771, 0.196574 ] }, { "date": "2024-08-09", "close": 0.192, "volume": 39960, "typical_volume": 95472.0, "trend": 0.1973, "fair_value": 0.243122, "relative_strength": -5.317352, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.735487, "energy": 23.2486, "activity_lines": [ 0.1936, 0.193691, 0.195186, 0.196198 ] }, { "date": "2024-08-16", "close": 0.195, "volume": 15120, "typical_volume": 53352.0, "trend": 0.196867, "fair_value": 0.242308, "relative_strength": -7.137602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.429539, "energy": 14.827975, "activity_lines": [ 0.194067, 0.193855, 0.195067, 0.196049 ] }, { "date": "2024-08-23", "close": 0.198, "volume": 12960, "typical_volume": 48114.0, "trend": 0.196733, "fair_value": 0.241474, "relative_strength": -7.136299, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.73533, "energy": 10.637376, "activity_lines": [ 0.195467, 0.194618, 0.195219, 0.196123 ] }, { "date": "2024-08-30", "close": 0.198, "volume": 62640, "typical_volume": 46440.0, "trend": 0.1968, "fair_value": 0.240667, "relative_strength": -8.780689, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.167054, "energy": 10.491381, "activity_lines": [ 0.1964, 0.195327, 0.195367, 0.196204 ] }, { "date": "2024-09-06", "close": 0.196, "volume": 332640, "typical_volume": 60480.0, "trend": 0.196833, "fair_value": 0.239795, "relative_strength": -6.45674, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.88259, "energy": 10.5407, "activity_lines": [ 0.196533, 0.195582, 0.195362, 0.196153 ] }, { "date": "2024-09-13", "close": 0.181, "volume": 413640, "typical_volume": 79920.0, "trend": 0.1964, "fair_value": 0.238878, "relative_strength": -13.99019, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.063066, "energy": 36.715584, "activity_lines": [ 0.1916, 0.193055, 0.193943, 0.195131 ] }, { "date": "2024-09-20", "close": 0.18, "volume": 51840, "typical_volume": 82242.0, "trend": 0.195767, "fair_value": 0.237942, "relative_strength": -14.574948, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.770349, "energy": 61.486827, "activity_lines": [ 0.187067, 0.190582, 0.19251, 0.194073 ] }, { "date": "2024-09-27", "close": 0.192, "volume": 292680, "typical_volume": 96336.0, "trend": 0.195567, "fair_value": 0.237019, "relative_strength": -10.947118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.956651, "energy": 51.373357, "activity_lines": [ 0.187533, 0.190545, 0.1923, 0.19383 ] }, { "date": "2024-10-04", "close": 0.184, "volume": 194400, "typical_volume": 102168.0, "trend": 0.195533, "fair_value": 0.236173, "relative_strength": -11.30844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.489747, "energy": 58.332397, "activity_lines": [ 0.185733, 0.189036, 0.191357, 0.193084 ] }, { "date": "2024-10-11", "close": 0.189, "volume": 221400, "typical_volume": 104112.0, "trend": 0.1956, "fair_value": 0.235269, "relative_strength": -10.315155, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.809801, "energy": 37.843895, "activity_lines": [ 0.186533, 0.188655, 0.190976, 0.192662 ] }, { "date": "2024-10-18", "close": 0.19, "volume": 56160, "typical_volume": 104220.0, "trend": 0.194267, "fair_value": 0.234436, "relative_strength": -11.605758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.444176, "energy": 22.65578, "activity_lines": [ 0.188133, 0.188564, 0.190733, 0.192301 ] }, { "date": "2024-10-25", "close": 0.194, "volume": 240840, "typical_volume": 113670.0, "trend": 0.194333, "fair_value": 0.23359, "relative_strength": -8.127366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.857481, "energy": 12.95718, "activity_lines": [ 0.190467, 0.189236, 0.190905, 0.192284 ] }, { "date": "2024-11-01", "close": 0.198, "volume": 85320, "typical_volume": 115074.0, "trend": 0.194367, "fair_value": 0.23291, "relative_strength": -5.615898, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.549115, "energy": 12.15644, "activity_lines": [ 0.1932, 0.190655, 0.191476, 0.19252 ] }, { "date": "2024-11-08", "close": 0.197, "volume": 156600, "typical_volume": 119448.0, "trend": 0.194067, "fair_value": 0.232212, "relative_strength": -3.36287, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.955058, "energy": 11.382119, "activity_lines": [ 0.1952, 0.191891, 0.191938, 0.19269 ] }, { "date": "2024-11-15", "close": 0.198, "volume": 81000, "typical_volume": 122688.0, "trend": 0.194033, "fair_value": 0.231468, "relative_strength": -3.654346, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.974299, "energy": 18.146374, "activity_lines": [ 0.196667, 0.193327, 0.192476, 0.192944 ] }, { "date": "2024-11-22", "close": 0.198, "volume": 74520, "typical_volume": 122310.0, "trend": 0.194033, "fair_value": 0.230776, "relative_strength": -1.262879, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.234696, "energy": 22.310631, "activity_lines": [ 0.197533, 0.194727, 0.19299, 0.1932 ] }, { "date": "2024-11-29", "close": 0.21, "volume": 334800, "typical_volume": 138078.0, "trend": 0.194467, "fair_value": 0.230212, "relative_strength": 5.24203, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.679452, "energy": 43.718276, "activity_lines": [ 0.201867, 0.198, 0.194629, 0.19423 ] }, { "date": "2024-12-06", "close": 0.228, "volume": 334800, "typical_volume": 152118.0, "trend": 0.195467, "fair_value": 0.229712, "relative_strength": 10.042291, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 84.976955, "energy": 74.439658, "activity_lines": [ 0.211133, 0.204, 0.197905, 0.196394 ] }, { "date": "2024-12-13", "close": 0.224, "volume": 217080, "typical_volume": 161676.0, "trend": 0.1962, "fair_value": 0.229173, "relative_strength": 7.852651, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.644881, "energy": 77.77218, "activity_lines": [ 0.217067, 0.208618, 0.200624, 0.198234 ] }, { "date": "2024-12-20", "close": 0.214, "volume": 98280, "typical_volume": 165834.0, "trend": 0.196733, "fair_value": 0.228622, "relative_strength": 6.642072, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.985118, "energy": 73.005693, "activity_lines": [ 0.217867, 0.210691, 0.202257, 0.199383 ] }, { "date": "2024-12-27", "close": 0.216, "volume": 18360, "typical_volume": 164754.0, "trend": 0.197367, "fair_value": 0.228006, "relative_strength": 6.554108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.23043, "energy": 73.452745, "activity_lines": [ 0.218267, 0.212673, 0.20399, 0.200626 ] }, { "date": "2025-01-03", "close": 0.222, "volume": 33480, "typical_volume": 165672.0, "trend": 0.198167, "fair_value": 0.227378, "relative_strength": 9.759867, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.699448, "energy": 65.119473, "activity_lines": [ 0.219467, 0.215273, 0.206181, 0.202215 ] }, { "date": "2025-01-10", "close": 0.28, "volume": 1645920, "typical_volume": 247320.0, "trend": 0.201, "fair_value": 0.227147, "relative_strength": 34.138622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.832442, "energy": 84.479326, "activity_lines": [ 0.2392, 0.227909, 0.213767, 0.207495 ] }, { "date": "2025-01-17", "close": 0.248, "volume": 1386720, "typical_volume": 313524.0, "trend": 0.202833, "fair_value": 0.226712, "relative_strength": 14.960815, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.550829, "energy": 71.648738, "activity_lines": [ 0.2448, 0.233236, 0.217914, 0.210527 ] }, { "date": "2025-01-24", "close": 0.246, "volume": 225720, "typical_volume": 308178.0, "trend": 0.2046, "fair_value": 0.22634, "relative_strength": 14.190838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.622956, "energy": 65.362832, "activity_lines": [ 0.248133, 0.237273, 0.221633, 0.213312 ] }, { "date": "2025-01-31", "close": 0.248, "volume": 268920, "typical_volume": 300942.0, "trend": 0.2064, "fair_value": 0.225981, "relative_strength": 14.109293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.159434, "energy": 57.811138, "activity_lines": [ 0.25, 0.2408, 0.225305, 0.216112 ] }, { "date": "2025-02-07", "close": 0.246, "volume": 55080, "typical_volume": 301104.0, "trend": 0.208133, "fair_value": 0.225558, "relative_strength": 11.268833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.164783, "energy": 47.464938, "activity_lines": [ 0.249067, 0.243055, 0.228467, 0.218667 ] }, { "date": "2025-02-14", "close": 0.254, "volume": 187920, "typical_volume": 295866.0, "trend": 0.210233, "fair_value": 0.225224, "relative_strength": 11.891036, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.325135, "energy": 44.64487, "activity_lines": [ 0.2492, 0.246109, 0.232076, 0.221626 ] }, { "date": "2025-02-21", "close": 0.238, "volume": 356400, "typical_volume": 303966.0, "trend": 0.211633, "fair_value": 0.224917, "relative_strength": 3.597569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.519993, "energy": 31.327381, "activity_lines": [ 0.245733, 0.245782, 0.233867, 0.223417 ] }, { "date": "2025-02-28", "close": 0.228, "volume": 135000, "typical_volume": 299646.0, "trend": 0.212733, "fair_value": 0.224558, "relative_strength": -1.31997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.588568, "energy": 22.894664, "activity_lines": [ 0.2396, 0.243382, 0.234448, 0.224473 ] }, { "date": "2025-03-07", "close": 0.22, "volume": 255960, "typical_volume": 309636.0, "trend": 0.213667, "fair_value": 0.224006, "relative_strength": -4.67922, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.149677, "energy": 16.926222, "activity_lines": [ 0.232, 0.239273, 0.234081, 0.224942 ] }, { "date": "2025-03-14", "close": 0.25, "volume": 492480, "typical_volume": 322218.0, "trend": 0.2155, "fair_value": 0.223583, "relative_strength": 7.81329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.402367, "energy": 21.27547, "activity_lines": [ 0.236267, 0.240545, 0.236429, 0.227286 ] }, { "date": "2025-03-21", "close": 0.228, "volume": 941760, "typical_volume": 365040.0, "trend": 0.2165, "fair_value": 0.223083, "relative_strength": -2.36598, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.951582, "energy": 16.239684, "activity_lines": [ 0.232933, 0.237309, 0.236414, 0.228092 ] }, { "date": "2025-03-28", "close": 0.214, "volume": 191160, "typical_volume": 366768.0, "trend": 0.217033, "fair_value": 0.222481, "relative_strength": -7.658177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.24788, "energy": 8.246708, "activity_lines": [ 0.226667, 0.232473, 0.234924, 0.227931 ] }, { "date": "2025-04-04", "close": 0.192, "volume": 201960, "typical_volume": 372816.0, "trend": 0.2169, "fair_value": 0.221737, "relative_strength": -7.296933, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.846808, "energy": 23.671489, "activity_lines": [ 0.214667, 0.224255, 0.231257, 0.226316 ] }, { "date": "2025-04-11", "close": 0.2, "volume": 70200, "typical_volume": 372600.0, "trend": 0.217533, "fair_value": 0.221071, "relative_strength": -1.601209, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.579495, "energy": 44.067411, "activity_lines": [ 0.207733, 0.218473, 0.228381, 0.225226 ] }, { "date": "2025-04-18", "close": 0.206, "volume": 1080, "typical_volume": 355914.0, "trend": 0.2184, "fair_value": 0.22034, "relative_strength": -4.104232, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.887097, "energy": 52.62193, "activity_lines": [ 0.204133, 0.214655, 0.226067, 0.224482 ] }, { "date": "2025-04-25", "close": 0.202, "volume": 168480, "typical_volume": 347598.0, "trend": 0.218733, "fair_value": 0.219558, "relative_strength": -9.301795, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.483854, "energy": 57.97088, "activity_lines": [ 0.202133, 0.210836, 0.22339, 0.223424 ] }, { "date": "2025-05-02", "close": 0.208, "volume": 72360, "typical_volume": 340362.0, "trend": 0.219533, "fair_value": 0.218712, "relative_strength": -8.868991, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.892768, "energy": 48.001978, "activity_lines": [ 0.203867, 0.209055, 0.22141, 0.222731 ] }, { "date": "2025-05-09", "close": 0.208, "volume": 27000, "typical_volume": 336798.0, "trend": 0.220167, "fair_value": 0.218058, "relative_strength": -11.157596, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.638799, "energy": 26.697734, "activity_lines": [ 0.206, 0.207818, 0.219505, 0.221987 ] }, { "date": "2025-05-16", "close": 0.208, "volume": 84240, "typical_volume": 340092.0, "trend": 0.220767, "fair_value": 0.217404, "relative_strength": -13.803253, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.706893, "energy": 18.992389, "activity_lines": [ 0.207067, 0.206945, 0.217629, 0.221202 ] }, { "date": "2025-05-23", "close": 0.21, "volume": 6480, "typical_volume": 338742.0, "trend": 0.2213, "fair_value": 0.216801, "relative_strength": -10.248467, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -40.068737, "energy": 25.615534, "activity_lines": [ 0.208267, 0.206655, 0.215981, 0.220508 ] }, { "date": "2025-05-30", "close": 0.21, "volume": 81000, "typical_volume": 260496.0, "trend": 0.2217, "fair_value": 0.216186, "relative_strength": -11.482884, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.429301, "energy": 23.480517, "activity_lines": [ 0.2092, 0.207091, 0.21439, 0.219778 ] }, { "date": "2025-06-06", "close": 0.206, "volume": 84240, "typical_volume": 195372.0, "trend": 0.222, "fair_value": 0.215545, "relative_strength": -14.091921, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.156128, "energy": 24.630582, "activity_lines": [ 0.208267, 0.207127, 0.212752, 0.218766 ] }, { "date": "2025-06-13", "close": 0.21, "volume": 51840, "typical_volume": 186678.0, "trend": 0.2224, "fair_value": 0.214955, "relative_strength": -9.651548, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.911021, "energy": 23.574815, "activity_lines": [ 0.2088, 0.208036, 0.211695, 0.217991 ] }, { "date": "2025-06-20", "close": 0.22, "volume": 73440, "typical_volume": 176904.0, "trend": 0.223133, "fair_value": 0.214455, "relative_strength": -4.789492, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.074592, "energy": 16.366272, "activity_lines": [ 0.212533, 0.210436, 0.211762, 0.217837 ] }, { "date": "2025-06-27", "close": 0.23, "volume": 1019520, "typical_volume": 225126.0, "trend": 0.2238, "fair_value": 0.214147, "relative_strength": -1.730692, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 6.269573, "energy": 13.864114, "activity_lines": [ 0.2188, 0.214291, 0.212914, 0.21828 ] }, { "date": "2025-07-04", "close": 0.238, "volume": 156600, "typical_volume": 223560.0, "trend": 0.224133, "fair_value": 0.213942, "relative_strength": 1.895901, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 35.607553, "energy": 41.10823, "activity_lines": [ 0.2264, 0.219164, 0.214905, 0.219196 ] }, { "date": "2025-07-11", "close": 0.23, "volume": 88560, "typical_volume": 210168.0, "trend": 0.224333, "fair_value": 0.213763, "relative_strength": -2.690439, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.421925, "energy": 47.758094, "activity_lines": [ 0.229467, 0.221927, 0.21621, 0.219574 ] }, { "date": "2025-07-18", "close": 0.222, "volume": 170640, "typical_volume": 211950.0, "trend": 0.2246, "fair_value": 0.213519, "relative_strength": -6.597442, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.198566, "energy": 40.273451, "activity_lines": [ 0.228267, 0.222836, 0.21679, 0.219424 ] }, { "date": "2025-07-25", "close": 0.22, "volume": 71280, "typical_volume": 202716.0, "trend": 0.224733, "fair_value": 0.21325, "relative_strength": -8.261704, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.364596, "energy": 31.219186, "activity_lines": [ 0.2256, 0.223127, 0.21721, 0.219127 ] }, { "date": "2025-08-01", "close": 0.216, "volume": 32400, "typical_volume": 179712.0, "trend": 0.224533, "fair_value": 0.212776, "relative_strength": -7.958897, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -21.048003, "energy": 11.175282, "activity_lines": [ 0.2216, 0.222473, 0.217248, 0.218563 ] }, { "date": "2025-08-08", "close": 0.206, "volume": 74520, "typical_volume": 136350.0, "trend": 0.222067, "fair_value": 0.212276, "relative_strength": -15.4629, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -46.485596, "energy": 29.49454, "activity_lines": [ 0.2152, 0.219891, 0.216495, 0.217368 ] }, { "date": "2025-08-15", "close": 0.204, "volume": 66960, "typical_volume": 130140.0, "trend": 0.2206, "fair_value": 0.211814, "relative_strength": -18.003789, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -51.083404, "energy": 37.067222, "activity_lines": [ 0.210267, 0.217018, 0.215657, 0.216202 ] }, { "date": "2025-08-22", "close": 0.224, "volume": 141480, "typical_volume": 127116.0, "trend": 0.219867, "fair_value": 0.211506, "relative_strength": -11.120003, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -16.546583, "energy": 18.31856, "activity_lines": [ 0.213733, 0.217818, 0.216771, 0.216422 ] }, { "date": "2025-08-29", "close": 0.212, "volume": 68040, "typical_volume": 127008.0, "trend": 0.218667, "fair_value": 0.211212, "relative_strength": -13.450088, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.156052, "energy": 24.911856, "activity_lines": [ 0.213067, 0.216182, 0.21659, 0.215914 ] }, { "date": "2025-09-05", "close": 0.214, "volume": 59400, "typical_volume": 129924.0, "trend": 0.2176, "fair_value": 0.211045, "relative_strength": -11.179938, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.156756, "energy": 18.2595, "activity_lines": [ 0.2136, 0.215055, 0.216543, 0.215613 ] }, { "date": "2025-09-12", "close": 0.232, "volume": 388800, "typical_volume": 140940.0, "trend": 0.216867, "fair_value": 0.210968, "relative_strength": -5.894463, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.828821, "energy": 13.804417, "activity_lines": [ 0.220267, 0.217491, 0.218171, 0.216542 ] }, { "date": "2025-09-19", "close": 0.228, "volume": 33480, "typical_volume": 138996.0, "trend": 0.216533, "fair_value": 0.210878, "relative_strength": -6.979432, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.633035, "energy": 31.584973, "activity_lines": [ 0.223867, 0.219309, 0.219276, 0.21726 ] }, { "date": "2025-09-26", "close": 0.222, "volume": 51840, "typical_volume": 140238.0, "trend": 0.216333, "fair_value": 0.21075, "relative_strength": -10.04018, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.41645, "energy": 38.09303, "activity_lines": [ 0.223867, 0.220073, 0.219714, 0.217613 ] }, { "date": "2025-10-03", "close": 0.22, "volume": 10800, "typical_volume": 136566.0, "trend": 0.216333, "fair_value": 0.210763, "relative_strength": -11.997415, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.238205, "energy": 41.702237, "activity_lines": [ 0.223333, 0.220473, 0.219895, 0.217849 ] }, { "date": "2025-10-10", "close": 0.22, "volume": 41040, "typical_volume": 138294.0, "trend": 0.215333, "fair_value": 0.210801, "relative_strength": -9.381528, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.529706, "energy": 28.07687, "activity_lines": [ 0.222267, 0.220873, 0.220019, 0.218086 ] }, { "date": "2025-10-17", "close": 0.206, "volume": 73440, "typical_volume": 137916.0, "trend": 0.2146, "fair_value": 0.21075, "relative_strength": -14.426652, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.470406, "energy": 6.797856, "activity_lines": [ 0.216133, 0.218655, 0.218762, 0.217484 ] }, { "date": "2025-10-24", "close": 0.23, "volume": 383400, "typical_volume": 152874.0, "trend": 0.215133, "fair_value": 0.210788, "relative_strength": -6.04453, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.67348, "energy": 17.498186, "activity_lines": [ 0.219733, 0.2208, 0.21981, 0.218477 ] }, { "date": "2025-10-31", "close": 0.226, "volume": 32400, "typical_volume": 151902.0, "trend": 0.216267, "fair_value": 0.210801, "relative_strength": -9.005281, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.595063, "energy": 18.662765, "activity_lines": [ 0.221867, 0.221745, 0.220362, 0.219178 ] }, { "date": "2025-11-07", "close": 0.216, "volume": 42120, "typical_volume": 150336.0, "trend": 0.2168, "fair_value": 0.210763, "relative_strength": -12.278377, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.116449, "energy": 9.525528, "activity_lines": [ 0.2204, 0.220836, 0.219886, 0.219161 ] }, { "date": "2025-11-14", "close": 0.216, "volume": 46440, "typical_volume": 101682.0, "trend": 0.217133, "fair_value": 0.210724, "relative_strength": -14.172305, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.761862, "energy": 11.474927, "activity_lines": [ 0.2192, 0.219855, 0.219429, 0.21911 ] }, { "date": "2025-11-21", "close": 0.21, "volume": 24840, "typical_volume": 95094.0, "trend": 0.2174, "fair_value": 0.210647, "relative_strength": -13.662127, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.467988, "energy": 14.748864, "activity_lines": [ 0.216267, 0.217745, 0.218467, 0.218649 ] }, { "date": "2025-11-28", "close": 0.22, "volume": 39960, "typical_volume": 92664.0, "trend": 0.2178, "fair_value": 0.210647, "relative_strength": -10.635811, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.785994, "energy": 11.426517, "activity_lines": [ 0.2164, 0.217855, 0.21859, 0.218817 ] }, { "date": "2025-12-05", "close": 0.216, "volume": 39960, "typical_volume": 86130.0, "trend": 0.218067, "fair_value": 0.210622, "relative_strength": -11.940538, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.323814, "energy": 16.400314, "activity_lines": [ 0.215867, 0.217382, 0.218381, 0.218701 ] }, { "date": "2025-12-12", "close": 0.212, "volume": 50760, "typical_volume": 85104.0, "trend": 0.2182, "fair_value": 0.210571, "relative_strength": -13.274899, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.264909, "energy": 30.008416, "activity_lines": [ 0.214667, 0.216291, 0.217819, 0.21831 ] }, { "date": "2025-12-19", "close": 0.212, "volume": 36720, "typical_volume": 85320.0, "trend": 0.218267, "fair_value": 0.210519, "relative_strength": -15.220645, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.973465, "energy": 34.773109, "activity_lines": [ 0.213733, 0.215345, 0.217295, 0.21791 ] }, { "date": "2025-12-26", "close": 0.208, "volume": 42120, "typical_volume": 83700.0, "trend": 0.2182, "fair_value": 0.210455, "relative_strength": -16.05904, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.835205, "energy": 46.616208, "activity_lines": [ 0.211733, 0.213818, 0.21641, 0.217247 ] }, { "date": "2026-01-02", "close": 0.208, "volume": 0, "typical_volume": 80352.0, "trend": 0.218267, "fair_value": 0.210417, "relative_strength": -16.925566, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.665299, "energy": 52.3709, "activity_lines": [ 0.209867, 0.212255, 0.215514, 0.216589 ] }, { "date": "2026-01-09", "close": 0.212, "volume": 197640, "typical_volume": 83160.0, "trend": 0.218333, "fair_value": 0.210378, "relative_strength": -14.976519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.311334, "energy": 43.67552, "activity_lines": [ 0.210133, 0.211818, 0.214981, 0.216185 ] }, { "date": "2026-01-16", "close": 0.22, "volume": 31320, "typical_volume": 81324.0, "trend": 0.218333, "fair_value": 0.210442, "relative_strength": -11.287721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.990277, "energy": 17.800707, "activity_lines": [ 0.213333, 0.213091, 0.215267, 0.216292 ] }, { "date": "2026-01-23", "close": 0.224, "volume": 520560, "typical_volume": 104382.0, "trend": 0.218133, "fair_value": 0.210122, "relative_strength": -7.131138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.817103, "energy": 10.498188, "activity_lines": [ 0.217333, 0.215018, 0.215895, 0.216658 ] }, { "date": "2026-01-30", "close": 0.224, "volume": 55080, "typical_volume": 87696.0, "trend": 0.217667, "fair_value": 0.209942, "relative_strength": -7.930279, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 19.494679, "energy": 22.875611, "activity_lines": [ 0.220533, 0.2168, 0.216476, 0.217037 ] }, { "date": "2026-02-06", "close": 0.214, "volume": 255960, "typical_volume": 98820.0, "trend": 0.217133, "fair_value": 0.209609, "relative_strength": -12.087097, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 4.058697, "energy": 15.107969, "activity_lines": [ 0.219333, 0.216509, 0.216143, 0.2168 ] }, { "date": "2026-02-13", "close": 0.216, "volume": 12960, "typical_volume": 96876.0, "trend": 0.216933, "fair_value": 0.209391, "relative_strength": -9.761968, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 6.975883, "energy": 12.203222, "activity_lines": [ 0.2184, 0.216691, 0.216067, 0.216727 ] }, { "date": "2026-02-20", "close": 0.21, "volume": 106920, "typical_volume": 101682.0, "trend": 0.2166, "fair_value": 0.209147, "relative_strength": -13.707857, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.572807, "energy": 16.853957, "activity_lines": [ 0.2152, 0.215782, 0.215448, 0.21628 ] }, { "date": "2026-02-27", "close": 0.214, "volume": 89640, "typical_volume": 104112.0, "trend": 0.216533, "fair_value": 0.208968, "relative_strength": -13.000735, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.598854, "energy": 21.273287, "activity_lines": [ 0.214, 0.215636, 0.215257, 0.216112 ] }, { "date": "2026-03-06", "close": 0.218, "volume": 144720, "typical_volume": 107676.0, "trend": 0.216933, "fair_value": 0.208814, "relative_strength": -4.968686, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.970567, "energy": 14.795323, "activity_lines": [ 0.2148, 0.216182, 0.215476, 0.216206 ] }, { "date": "2026-03-13", "close": 0.226, "volume": 55080, "typical_volume": 91260.0, "trend": 0.217667, "fair_value": 0.208737, "relative_strength": -1.348645, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.229826, "energy": 8.720324, "activity_lines": [ 0.218667, 0.218, 0.2164, 0.216791 ] }, { "date": "2026-03-20", "close": 0.22, "volume": 5400, "typical_volume": 89910.0, "trend": 0.217533, "fair_value": 0.208673, "relative_strength": -0.397697, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.061934, "energy": 16.954073, "activity_lines": [ 0.219733, 0.2184, 0.216771, 0.216942 ] }, { "date": "2026-03-27", "close": 0.22, "volume": 7560, "typical_volume": 88182.0, "trend": 0.2178, "fair_value": 0.208673, "relative_strength": -1.466666, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.158679, "energy": 20.294603, "activity_lines": [ 0.220533, 0.218655, 0.217171, 0.217101 ] }, { "date": "2026-04-03", "close": 0.214, "volume": 47520, "typical_volume": 88236.0, "trend": 0.2178, "fair_value": 0.208635, "relative_strength": -8.581564, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.268924, "energy": 10.397968, "activity_lines": [ 0.218667, 0.217818, 0.216981, 0.216856 ] }, { "date": "2026-04-10", "close": 0.214, "volume": 17280, "typical_volume": 87858.0, "trend": 0.2172, "fair_value": 0.208596, "relative_strength": -11.934864, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.616111, "energy": 10.030368, "activity_lines": [ 0.2168, 0.217164, 0.2168, 0.216611 ] }, { "date": "2026-04-17", "close": 0.208, "volume": 114480, "typical_volume": 91584.0, "trend": 0.216533, "fair_value": 0.208519, "relative_strength": -16.146774, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.960923, "energy": 25.081367, "activity_lines": [ 0.2132, 0.2156, 0.216029, 0.216017 ] }, { "date": "2026-04-24", "close": 0.204, "volume": 39960, "typical_volume": 91584.0, "trend": 0.215933, "fair_value": 0.208481, "relative_strength": -15.304115, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.893768, "energy": 55.615026, "activity_lines": [ 0.209467, 0.213418, 0.214933, 0.215209 ] }, { "date": "2026-05-01", "close": 0.202, "volume": 55080, "typical_volume": 91800.0, "trend": 0.215333, "fair_value": 0.208455, "relative_strength": -16.767368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.423406, "energy": 66.589626, "activity_lines": [ 0.206133, 0.211091, 0.213705, 0.21431 ] }, { "date": "2026-05-08", "close": 0.199, "volume": 106920, "typical_volume": 95310.0, "trend": 0.214633, "fair_value": 0.208481, "relative_strength": -19.356142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.421003, "energy": 77.991026, "activity_lines": [ 0.203, 0.208364, 0.212238, 0.213256 ] }, { "date": "2026-05-15", "close": 0.206, "volume": 29160, "typical_volume": 94662.0, "trend": 0.214633, "fair_value": 0.208545, "relative_strength": -15.92594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.606802, "energy": 69.60654, "activity_lines": [ 0.2032, 0.207182, 0.2115, 0.212699 ] }, { "date": "2026-05-22", "close": 0.202, "volume": 36720, "typical_volume": 96498.0, "trend": 0.2137, "fair_value": 0.208583, "relative_strength": -17.82338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.055853, "energy": 65.862559, "activity_lines": [ 0.2026, 0.205491, 0.21039, 0.211884 ] }, { "date": "2026-05-29", "close": 0.198, "volume": 74520, "typical_volume": 90342.0, "trend": 0.212767, "fair_value": 0.208635, "relative_strength": -19.899781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.593814, "energy": 66.157934, "activity_lines": [ 0.201067, 0.203509, 0.208929, 0.210871 ] }, { "date": "2026-06-05", "close": 0.192, "volume": 66960, "typical_volume": 92124.0, "trend": 0.211967, "fair_value": 0.208571, "relative_strength": -21.729516, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.945492, "energy": 77.663305, "activity_lines": [ 0.197933, 0.200836, 0.206962, 0.209531 ] }, { "date": "2026-06-12", "close": 0.191, "volume": 5400, "typical_volume": 66366.0, "trend": 0.211133, "fair_value": 0.208513, "relative_strength": -24.082624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.93034, "energy": 89.313788, "activity_lines": [ 0.195133, 0.198491, 0.205033, 0.208178 ] }, { "date": "2026-06-19", "close": 0.191, "volume": 34560, "typical_volume": 65340.0, "trend": 0.2105, "fair_value": 0.208455, "relative_strength": -25.439622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.917888, "energy": 89.006704, "activity_lines": [ 0.192867, 0.196564, 0.203262, 0.20688 ] }, { "date": "2026-06-26", "close": 0.188, "volume": 1080, "typical_volume": 52596.0, "trend": 0.209433, "fair_value": 0.208378, "relative_strength": -23.70135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.373272, "energy": 90.997353, "activity_lines": [ 0.1906, 0.194509, 0.201362, 0.205428 ] }, { "date": "2026-07-03", "close": 0.181, "volume": 0, "typical_volume": 51948.0, "trend": 0.208267, "fair_value": 0.208231, "relative_strength": -27.95983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.73807, "energy": 94.865881, "activity_lines": [ 0.186933, 0.191545, 0.198919, 0.203594 ] }, { "date": "2026-07-10", "close": 0.185, "volume": 49680, "typical_volume": 49086.0, "trend": 0.207367, "fair_value": 0.208109, "relative_strength": -25.410652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.439935, "energy": 81.483199, "activity_lines": [ 0.185733, 0.189727, 0.197024, 0.202092 ] }, { "date": "2026-07-17", "close": 0.185, "volume": 33480, "typical_volume": 46278.0, "trend": 0.206467, "fair_value": 0.207974, "relative_strength": -23.754464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.156388, "energy": 69.766547, "activity_lines": [ 0.185, 0.188218, 0.195248, 0.200649 ] }, { "date": "2026-07-24", "close": 0.186, "volume": 24840, "typical_volume": 40284.0, "trend": 0.205733, "fair_value": 0.207891, "relative_strength": -22.647793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.075347, "energy": 63.431943, "activity_lines": [ 0.185, 0.187145, 0.193705, 0.199329 ] }, { "date": "2026-07-31", "close": 0.19, "volume": 19440, "typical_volume": 38502.0, "trend": 0.205133, "fair_value": 0.207865, "relative_strength": -20.967965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.150968, "energy": 54.455416, "activity_lines": [ 0.186667, 0.187164, 0.192695, 0.198314 ] }, { "date": "2026-08-07", "close": 0.188, "volume": 3240, "typical_volume": 38394.0, "trend": 0.204333, "fair_value": 0.207788, "relative_strength": -23.585427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.601861, "energy": 44.835173, "activity_lines": [ 0.187533, 0.187036, 0.191667, 0.197209 ] } ], "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." } } }