{ "ticker": { "uuid": "38901a7c-c49f-4348-879e-94b17b07038a", "symbol": "MJD", "name": "Major Development Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 53.469, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -5.777, "architecture_energy": 8.994, "architecture_maturity": 15.028, "architecture_confidence": 57.673, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 63.15, "rotation_up": 29.38, "upward_expansion": 29.11, "deceleration": 47.3, "rotation_down": 23.88, "downward_expansion": 44.45 }, "activity_lines": [ 0.326, 0.320545, 0.319571, 0.32643 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 0.34, "trend_reference": 0.336667, "distance_from_trend": 0.009901, "trend_direction": "Weakening", "fair_value": 0.806282, "distance_from_fair_value": -0.578311, "fair_value_direction": "Improving", "relative_strength": -20.528845, "relative_strength_direction": "Improving", "price_momentum": -0.081081, "excess_performance": -0.273406, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.009901, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.034417, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.578311, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.05463, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.205288, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.091877, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.081081, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 7.090351, "read": "Demand-led" } ], "volume": { "latest": 1477900, "relative_activity": 0.763585, "balance": 7.090351, "dry_up": 1.020563, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.085973, "annualized_volatility": 0.538508, "from_high_reference": -0.451613, "from_low_reference": 0.172414 }, "levels": { "trend_reference": 0.336667, "fair_value_reference": 0.806282, "structural_low": 0.29, "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": 19, "median_return": -0.018349, "positive_rate": 0.315789, "directional_follow_through": 0.315789, "median_excess_return": -0.024341, "regime_survival": 0.684211, "best_return": 0.10101, "worst_return": -0.203704, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.076964, "positive_rate": 0.125, "directional_follow_through": 0.125, "median_excess_return": -0.07595, "regime_survival": 0.375, "best_return": 0.106145, "worst_return": -0.333333, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.181818, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.121642, "regime_survival": 0.4, "best_return": 0.042105, "worst_return": -0.477064, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.21967, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.207291, "regime_survival": 0.0, "best_return": -0.147368, "worst_return": -0.291971, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-01-13", "end": "2023-02-24", "tenure": "Developing", "return": -0.076471, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-03-03", "end": "2023-03-17", "tenure": "New", "return": -0.012346, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-03-24", "end": "2023-04-21", "tenure": "Developing", "return": -0.012658, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-04-28", "end": "2023-12-15", "tenure": "Extended", "return": -0.117647, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-22", "end": "2024-05-31", "tenure": "Established", "return": -0.10219, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-10-11", "tenure": "Established", "return": -0.112903, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-22", "tenure": "Developing", "return": -0.055046, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-09-05", "tenure": "Extended", "return": -0.54902, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-10-24", "tenure": "Developing", "return": -0.222222, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-02-06", "tenure": "Established", "return": -0.051282, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-13", "end": "2026-03-06", "tenure": "New", "return": -0.270833, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-04-10", "tenure": "Developing", "return": -0.058824, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-07-31", "tenure": "Established", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.39, "volume": 344200, "typical_volume": 763845.0, "trend": 1.513, "fair_value": 1.724231, "relative_strength": -6.358554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.685615, "energy": 53.789351, "activity_lines": [ 1.368667, 1.380909, 1.425333, 1.46286 ] }, { "date": "2023-08-25", "close": 1.4, "volume": 1467600, "typical_volume": 836235.0, "trend": 1.503667, "fair_value": 1.723846, "relative_strength": -8.031614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.407013, "energy": 45.502726, "activity_lines": [ 1.378667, 1.381273, 1.419095, 1.45557 ] }, { "date": "2023-09-01", "close": 1.39, "volume": 1841500, "typical_volume": 924270.0, "trend": 1.495, "fair_value": 1.723141, "relative_strength": -8.602979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.917802, "energy": 34.568414, "activity_lines": [ 1.386, 1.381091, 1.41281, 1.448237 ] }, { "date": "2023-09-08", "close": 1.39, "volume": 344700, "typical_volume": 924710.0, "trend": 1.487333, "fair_value": 1.722628, "relative_strength": -7.575574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.201959, "energy": 27.250944, "activity_lines": [ 1.39, 1.382182, 1.407381, 1.441462 ] }, { "date": "2023-09-15", "close": 1.37, "volume": 584900, "typical_volume": 930070.0, "trend": 1.480667, "fair_value": 1.721987, "relative_strength": -8.411193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.415718, "energy": 29.208808, "activity_lines": [ 1.384667, 1.379818, 1.400857, 1.433892 ] }, { "date": "2023-09-22", "close": 1.38, "volume": 152400, "typical_volume": 916920.0, "trend": 1.474333, "fair_value": 1.721474, "relative_strength": -6.404288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.144696, "energy": 27.967518, "activity_lines": [ 1.382, 1.380182, 1.396048, 1.427398 ] }, { "date": "2023-09-29", "close": 1.35, "volume": 92900, "typical_volume": 913045.0, "trend": 1.465333, "fair_value": 1.720769, "relative_strength": -5.158741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.298741, "energy": 38.385915, "activity_lines": [ 1.37, 1.375091, 1.389143, 1.419376 ] }, { "date": "2023-10-06", "close": 1.3, "volume": 434900, "typical_volume": 878520.0, "trend": 1.455333, "fair_value": 1.719423, "relative_strength": -6.456918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.453409, "energy": 55.855995, "activity_lines": [ 1.344667, 1.362, 1.378286, 1.40871 ] }, { "date": "2023-10-13", "close": 1.33, "volume": 261800, "typical_volume": 880910.0, "trend": 1.446333, "fair_value": 1.718333, "relative_strength": -4.977385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.947445, "energy": 52.726442, "activity_lines": [ 1.335333, 1.355091, 1.371095, 1.400624 ] }, { "date": "2023-10-20", "close": 1.23, "volume": 738600, "typical_volume": 900755.0, "trend": 1.434667, "fair_value": 1.716859, "relative_strength": -8.73257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.767499, "energy": 77.362849, "activity_lines": [ 1.296667, 1.330364, 1.355333, 1.386667 ] }, { "date": "2023-10-27", "close": 1.27, "volume": 1404400, "typical_volume": 960395.0, "trend": 1.424, "fair_value": 1.715256, "relative_strength": -4.902427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.076862, "energy": 76.610656, "activity_lines": [ 1.280667, 1.315273, 1.344714, 1.376043 ] }, { "date": "2023-11-03", "close": 1.32, "volume": 148000, "typical_volume": 881865.0, "trend": 1.415, "fair_value": 1.714103, "relative_strength": -3.225085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.294108, "energy": 55.796585, "activity_lines": [ 1.288667, 1.311455, 1.34, 1.369333 ] }, { "date": "2023-11-10", "close": 1.3, "volume": 110400, "typical_volume": 757250.0, "trend": 1.406, "fair_value": 1.712821, "relative_strength": -2.551283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.845012, "energy": 53.182991, "activity_lines": [ 1.292, 1.305455, 1.334095, 1.361914 ] }, { "date": "2023-11-17", "close": 1.25, "volume": 810800, "typical_volume": 680720.0, "trend": 1.395667, "fair_value": 1.711218, "relative_strength": -7.871944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.459826, "energy": 49.270674, "activity_lines": [ 1.278667, 1.292, 1.32419, 1.351849 ] }, { "date": "2023-11-24", "close": 1.28, "volume": 622900, "typical_volume": 701775.0, "trend": 1.387333, "fair_value": 1.708718, "relative_strength": -4.202238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.919728, "energy": 38.850594, "activity_lines": [ 1.280667, 1.286545, 1.317857, 1.344387 ] }, { "date": "2023-12-01", "close": 1.3, "volume": 201800, "typical_volume": 682890.0, "trend": 1.379333, "fair_value": 1.706154, "relative_strength": -1.324705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.683692, "energy": 35.134261, "activity_lines": [ 1.286, 1.286364, 1.314095, 1.338753 ] }, { "date": "2023-12-08", "close": 1.33, "volume": 232100, "typical_volume": 679620.0, "trend": 1.373, "fair_value": 1.703718, "relative_strength": 1.011551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.39446, "energy": 25.117843, "activity_lines": [ 1.299333, 1.293091, 1.313571, 1.33557 ] }, { "date": "2023-12-15", "close": 1.35, "volume": 287800, "typical_volume": 568785.0, "trend": 1.369, "fair_value": 1.700513, "relative_strength": 1.915862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.100641, "energy": 15.101494, "activity_lines": [ 1.318667, 1.303818, 1.315333, 1.334086 ] }, { "date": "2023-12-22", "close": 1.37, "volume": 179000, "typical_volume": 560275.0, "trend": 1.363667, "fair_value": 1.698397, "relative_strength": 2.458403, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.563747, "energy": 15.544631, "activity_lines": [ 1.341333, 1.317273, 1.318952, 1.334151 ] }, { "date": "2023-12-29", "close": 1.4, "volume": 524100, "typical_volume": 539240.0, "trend": 1.36, "fair_value": 1.696923, "relative_strength": 3.918926, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.974025, "energy": 25.913336, "activity_lines": [ 1.366, 1.335455, 1.325333, 1.336495 ] }, { "date": "2024-01-05", "close": 1.36, "volume": 167100, "typical_volume": 530385.0, "trend": 1.355, "fair_value": 1.694744, "relative_strength": 0.161184, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.356917, "energy": 22.496742, "activity_lines": [ 1.369333, 1.343273, 1.327714, 1.336495 ] }, { "date": "2024-01-12", "close": 1.36, "volume": 252500, "typical_volume": 469630.0, "trend": 1.351333, "fair_value": 1.692692, "relative_strength": 1.283498, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.38132, "energy": 26.248826, "activity_lines": [ 1.368667, 1.349455, 1.330238, 1.336817 ] }, { "date": "2024-01-19", "close": 1.31, "volume": 238400, "typical_volume": 389475.0, "trend": 1.346333, "fair_value": 1.690705, "relative_strength": -0.117686, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.933214, "energy": 9.696579, "activity_lines": [ 1.349333, 1.345818, 1.32819, 1.334151 ] }, { "date": "2024-01-26", "close": 1.27, "volume": 691700, "typical_volume": 406825.0, "trend": 1.342, "fair_value": 1.68859, "relative_strength": -2.010216, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.901124, "energy": 24.501256, "activity_lines": [ 1.319333, 1.334727, 1.322714, 1.329226 ] }, { "date": "2024-02-02", "close": 1.3, "volume": 177100, "typical_volume": 386435.0, "trend": 1.338, "fair_value": 1.686603, "relative_strength": -0.773341, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.43951, "energy": 26.671627, "activity_lines": [ 1.306, 1.328727, 1.320667, 1.326516 ] }, { "date": "2024-02-09", "close": 1.28, "volume": 989100, "typical_volume": 428270.0, "trend": 1.334667, "fair_value": 1.684551, "relative_strength": -2.500219, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.5324, "energy": 33.119215, "activity_lines": [ 1.292667, 1.318727, 1.317048, 1.322774 ] }, { "date": "2024-02-16", "close": 1.29, "volume": 212900, "typical_volume": 434270.0, "trend": 1.330667, "fair_value": 1.682436, "relative_strength": -1.549611, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.767247, "energy": 39.98047, "activity_lines": [ 1.288, 1.310909, 1.314857, 1.319892 ] }, { "date": "2024-02-23", "close": 1.32, "volume": 120900, "typical_volume": 418570.0, "trend": 1.33, "fair_value": 1.680321, "relative_strength": -0.081365, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.518888, "energy": 28.913383, "activity_lines": [ 1.298, 1.309273, 1.31581, 1.319204 ] }, { "date": "2024-03-01", "close": 1.24, "volume": 2015900, "typical_volume": 506275.0, "trend": 1.326333, "fair_value": 1.677692, "relative_strength": -3.82998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.33918, "energy": 38.70883, "activity_lines": [ 1.280667, 1.293636, 1.309048, 1.313398 ] }, { "date": "2024-03-08", "close": 1.29, "volume": 96600, "typical_volume": 474175.0, "trend": 1.324, "fair_value": 1.675064, "relative_strength": -1.182648, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.083606, "energy": 26.100248, "activity_lines": [ 1.282, 1.289455, 1.307476, 1.311054 ] }, { "date": "2024-03-15", "close": 1.25, "volume": 19700, "typical_volume": 404940.0, "trend": 1.319333, "fair_value": 1.670897, "relative_strength": -3.982461, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.568719, "energy": 34.891884, "activity_lines": [ 1.270667, 1.28, 1.30181, 1.30628 ] }, { "date": "2024-03-22", "close": 1.28, "volume": 392700, "typical_volume": 417175.0, "trend": 1.315333, "fair_value": 1.66641, "relative_strength": -1.189115, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.818637, "energy": 38.966713, "activity_lines": [ 1.271333, 1.278, 1.299095, 1.303742 ] }, { "date": "2024-03-29", "close": 1.3, "volume": 860400, "typical_volume": 454675.0, "trend": 1.312333, "fair_value": 1.66, "relative_strength": 0.672741, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.67922, "energy": 22.879734, "activity_lines": [ 1.279333, 1.281091, 1.298476, 1.302753 ] }, { "date": "2024-04-05", "close": 1.31, "volume": 192100, "typical_volume": 423740.0, "trend": 1.309667, "fair_value": 1.654936, "relative_strength": 1.737841, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.353057, "energy": 13.756215, "activity_lines": [ 1.292, 1.286182, 1.29881, 1.302602 ] }, { "date": "2024-04-12", "close": 1.32, "volume": 376400, "typical_volume": 411415.0, "trend": 1.308, "fair_value": 1.650192, "relative_strength": 1.071465, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.339337, "energy": 12.527094, "activity_lines": [ 1.303333, 1.292364, 1.29981, 1.303269 ] }, { "date": "2024-04-19", "close": 1.3, "volume": 163000, "typical_volume": 409475.0, "trend": 1.305333, "fair_value": 1.644936, "relative_strength": 4.398875, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.961913, "energy": 9.260444, "activity_lines": [ 1.306, 1.294545, 1.298714, 1.302753 ] }, { "date": "2024-04-26", "close": 1.27, "volume": 208200, "typical_volume": 408280.0, "trend": 1.302667, "fair_value": 1.639872, "relative_strength": 0.03758, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.096636, "energy": 15.854983, "activity_lines": [ 1.295333, 1.290909, 1.294762, 1.300473 ] }, { "date": "2024-05-03", "close": 1.28, "volume": 275500, "typical_volume": 407665.0, "trend": 1.302, "fair_value": 1.635256, "relative_strength": 0.235308, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.088152, "energy": 17.579804, "activity_lines": [ 1.288667, 1.289455, 1.292048, 1.299011 ] }, { "date": "2024-05-10", "close": 1.31, "volume": 97200, "typical_volume": 403575.0, "trend": 1.301333, "fair_value": 1.631987, "relative_strength": 2.475918, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.106478, "energy": 11.832398, "activity_lines": [ 1.293333, 1.294182, 1.292524, 1.299527 ] }, { "date": "2024-05-17", "close": 1.32, "volume": 657300, "typical_volume": 410235.0, "trend": 1.304333, "fair_value": 1.628782, "relative_strength": 2.486334, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.899941, "energy": 4.811598, "activity_lines": [ 1.301333, 1.299455, 1.294238, 1.300731 ] }, { "date": "2024-05-24", "close": 1.22, "volume": 4546500, "typical_volume": 629205.0, "trend": 1.302667, "fair_value": 1.625321, "relative_strength": -3.80514, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.558234, "energy": 35.588808, "activity_lines": [ 1.276, 1.286, 1.28681, 1.29529 ] }, { "date": "2024-05-31", "close": 1.23, "volume": 400500, "typical_volume": 636605.0, "trend": 1.299667, "fair_value": 1.62109, "relative_strength": -1.513355, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.853946, "energy": 48.790177, "activity_lines": [ 1.259333, 1.274909, 1.281, 1.290602 ] }, { "date": "2024-06-07", "close": 1.24, "volume": 148300, "typical_volume": 632100.0, "trend": 1.297667, "fair_value": 1.615833, "relative_strength": 0.334237, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.271069, "energy": 56.155946, "activity_lines": [ 1.248667, 1.266545, 1.276762, 1.286753 ] }, { "date": "2024-06-14", "close": 1.15, "volume": 1947600, "typical_volume": 694895.0, "trend": 1.294333, "fair_value": 1.609615, "relative_strength": -4.960389, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.477746, "energy": 77.189006, "activity_lines": [ 1.210667, 1.242909, 1.264286, 1.277226 ] }, { "date": "2024-06-21", "close": 1.15, "volume": 316800, "typical_volume": 701880.0, "trend": 1.29, "fair_value": 1.604038, "relative_strength": -4.772518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.578797, "energy": 80.282824, "activity_lines": [ 1.183333, 1.222182, 1.252381, 1.267914 ] }, { "date": "2024-06-28", "close": 1.14, "volume": 846500, "typical_volume": 694750.0, "trend": 1.284667, "fair_value": 1.598526, "relative_strength": -5.096267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.308571, "energy": 83.483762, "activity_lines": [ 1.164, 1.202727, 1.240238, 1.258237 ] }, { "date": "2024-07-05", "close": 1.16, "volume": 380500, "typical_volume": 703130.0, "trend": 1.279, "fair_value": 1.593782, "relative_strength": -4.10626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.889025, "energy": 78.70718, "activity_lines": [ 1.156667, 1.189818, 1.230667, 1.250194 ] }, { "date": "2024-07-12", "close": 1.12, "volume": 224100, "typical_volume": 708290.0, "trend": 1.271333, "fair_value": 1.588333, "relative_strength": -8.676434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.29233, "energy": 79.408019, "activity_lines": [ 1.140667, 1.171636, 1.217905, 1.239935 ] }, { "date": "2024-07-19", "close": 1.05, "volume": 209100, "typical_volume": 617950.0, "trend": 1.260667, "fair_value": 1.582949, "relative_strength": -13.189274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.698963, "energy": 81.964176, "activity_lines": [ 1.109333, 1.143636, 1.199429, 1.225656 ] }, { "date": "2024-07-26", "close": 1.05, "volume": 453800, "typical_volume": 635810.0, "trend": 1.249, "fair_value": 1.577885, "relative_strength": -12.41051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.411583, "energy": 81.20381, "activity_lines": [ 1.084667, 1.120364, 1.181857, 1.212065 ] }, { "date": "2024-08-02", "close": 1.09, "volume": 245600, "typical_volume": 647105.0, "trend": 1.24, "fair_value": 1.5725, "relative_strength": -9.38147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.080416, "energy": 73.597985, "activity_lines": [ 1.08, 1.109273, 1.169238, 1.201806 ] }, { "date": "2024-08-09", "close": 1.04, "volume": 2049500, "typical_volume": 729945.0, "trend": 1.229333, "fair_value": 1.5675, "relative_strength": -12.316271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.679378, "energy": 70.191643, "activity_lines": [ 1.062, 1.091455, 1.152619, 1.188903 ] }, { "date": "2024-08-16", "close": 1.0, "volume": 2882600, "typical_volume": 831055.0, "trend": 1.219, "fair_value": 1.562372, "relative_strength": -15.811201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.850137, "energy": 69.774526, "activity_lines": [ 1.038667, 1.069818, 1.133333, 1.174108 ] }, { "date": "2024-08-23", "close": 1.02, "volume": 306600, "typical_volume": 836780.0, "trend": 1.210667, "fair_value": 1.557372, "relative_strength": -17.162496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.114514, "energy": 68.154957, "activity_lines": [ 1.03, 1.056182, 1.117381, 1.161269 ] }, { "date": "2024-08-30", "close": 0.99, "volume": 1209900, "typical_volume": 878455.0, "trend": 1.200333, "fair_value": 1.551859, "relative_strength": -19.572123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.973837, "energy": 71.910957, "activity_lines": [ 1.013333, 1.039455, 1.099952, 1.147032 ] }, { "date": "2024-09-06", "close": 1.06, "volume": 128200, "typical_volume": 876715.0, "trend": 1.193, "fair_value": 1.545833, "relative_strength": -17.749102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.14426, "energy": 55.80155, "activity_lines": [ 1.024, 1.038364, 1.090762, 1.137978 ] }, { "date": "2024-09-13", "close": 1.07, "volume": 164200, "typical_volume": 874515.0, "trend": 1.185667, "fair_value": 1.539936, "relative_strength": -16.539697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.448069, "energy": 48.199511, "activity_lines": [ 1.04, 1.040545, 1.083667, 1.130043 ] }, { "date": "2024-09-20", "close": 1.07, "volume": 0, "typical_volume": 860740.0, "trend": 1.177333, "fair_value": 1.534551, "relative_strength": -17.811963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.582342, "energy": 36.981044, "activity_lines": [ 1.054, 1.044364, 1.077524, 1.122581 ] }, { "date": "2024-09-27", "close": 1.16, "volume": 22210800, "typical_volume": 1966420.0, "trend": 1.174667, "fair_value": 1.530833, "relative_strength": -10.578917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.543938, "energy": 20.409556, "activity_lines": [ 1.093333, 1.065455, 1.080952, 1.121462 ] }, { "date": "2024-10-04", "close": 1.15, "volume": 326700, "typical_volume": 1949890.0, "trend": 1.17, "fair_value": 1.526731, "relative_strength": -10.781472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.877544, "energy": 20.852544, "activity_lines": [ 1.12, 1.082727, 1.084143, 1.119871 ] }, { "date": "2024-10-11", "close": 1.1, "volume": 272600, "typical_volume": 1736195.0, "trend": 1.165, "fair_value": 1.522051, "relative_strength": -15.855592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.187344, "energy": 19.830598, "activity_lines": [ 1.119333, 1.089091, 1.083381, 1.115355 ] }, { "date": "2024-10-18", "close": 1.09, "volume": 213700, "typical_volume": 1726855.0, "trend": 1.158667, "fair_value": 1.515577, "relative_strength": -17.461178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.847244, "energy": 18.634662, "activity_lines": [ 1.112667, 1.093455, 1.082238, 1.110516 ] }, { "date": "2024-10-25", "close": 1.1, "volume": 32100, "typical_volume": 1721045.0, "trend": 1.152, "fair_value": 1.509872, "relative_strength": -14.900038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.45474, "energy": 12.100984, "activity_lines": [ 1.108, 1.098727, 1.082714, 1.106731 ] }, { "date": "2024-11-01", "close": 1.1, "volume": 15500, "typical_volume": 1624440.0, "trend": 1.145, "fair_value": 1.503974, "relative_strength": -14.611864, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.746479, "energy": 13.267873, "activity_lines": [ 1.101333, 1.102182, 1.083857, 1.103376 ] }, { "date": "2024-11-08", "close": 1.04, "volume": 156000, "typical_volume": 1616400.0, "trend": 1.135667, "fair_value": 1.498077, "relative_strength": -18.898334, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.52104, "energy": 27.762951, "activity_lines": [ 1.078667, 1.093273, 1.079524, 1.096602 ] }, { "date": "2024-11-15", "close": 1.07, "volume": 225200, "typical_volume": 1585335.0, "trend": 1.128, "fair_value": 1.492244, "relative_strength": -15.019348, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.98117, "energy": 25.08996, "activity_lines": [ 1.073333, 1.088909, 1.078571, 1.092366 ] }, { "date": "2024-11-22", "close": 1.03, "volume": 384200, "typical_volume": 1585520.0, "trend": 1.12, "fair_value": 1.48641, "relative_strength": -18.035708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.983564, "energy": 40.89554, "activity_lines": [ 1.056667, 1.077091, 1.074143, 1.086043 ] }, { "date": "2024-11-29", "close": 1.02, "volume": 347500, "typical_volume": 1591690.0, "trend": 1.111333, "fair_value": 1.480513, "relative_strength": -17.348993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.800979, "energy": 60.388284, "activity_lines": [ 1.040667, 1.064182, 1.069381, 1.079591 ] }, { "date": "2024-12-06", "close": 1.04, "volume": 117200, "typical_volume": 1587095.0, "trend": 1.102333, "fair_value": 1.474487, "relative_strength": -16.688321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.583487, "energy": 56.53705, "activity_lines": [ 1.036667, 1.055818, 1.067, 1.074989 ] }, { "date": "2024-12-13", "close": 0.99, "volume": 447400, "typical_volume": 1586775.0, "trend": 1.091333, "fair_value": 1.467628, "relative_strength": -19.064651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.121061, "energy": 67.019207, "activity_lines": [ 1.02, 1.040545, 1.059905, 1.067742 ] }, { "date": "2024-12-20", "close": 0.97, "volume": 786500, "typical_volume": 1613820.0, "trend": 1.083, "fair_value": 1.460513, "relative_strength": -16.332748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.22732, "energy": 65.405868, "activity_lines": [ 1.0, 1.024545, 1.05119, 1.059914 ] }, { "date": "2024-12-27", "close": 1.03, "volume": 434200, "typical_volume": 1533055.0, "trend": 1.076333, "fair_value": 1.454487, "relative_strength": -12.964029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.444816, "energy": 49.706685, "activity_lines": [ 1.006667, 1.021818, 1.048762, 1.056495 ] }, { "date": "2025-01-03", "close": 0.95, "volume": 578600, "typical_volume": 1417855.0, "trend": 1.066667, "fair_value": 1.447885, "relative_strength": -18.260136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.69397, "energy": 63.711993, "activity_lines": [ 0.986667, 1.005636, 1.038762, 1.048344 ] }, { "date": "2025-01-10", "close": 0.96, "volume": 345600, "typical_volume": 1419805.0, "trend": 1.060333, "fair_value": 1.440705, "relative_strength": -15.885313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.19551, "energy": 61.841811, "activity_lines": [ 0.974667, 0.994, 1.029952, 1.041462 ] }, { "date": "2025-01-17", "close": 0.9, "volume": 377500, "typical_volume": 1378185.0, "trend": 1.052, "fair_value": 1.432885, "relative_strength": -19.017506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.336009, "energy": 71.608328, "activity_lines": [ 0.948, 0.974, 1.015714, 1.031118 ] }, { "date": "2025-01-24", "close": 0.82, "volume": 3788400, "typical_volume": 1561195.0, "trend": 1.041333, "fair_value": 1.424551, "relative_strength": -26.397342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.439547, "energy": 80.288852, "activity_lines": [ 0.900667, 0.942, 0.994286, 1.016151 ] }, { "date": "2025-01-31", "close": 0.78, "volume": 695500, "typical_volume": 1587760.0, "trend": 1.028667, "fair_value": 1.415577, "relative_strength": -27.292384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.92595, "energy": 87.385254, "activity_lines": [ 0.85, 0.907273, 0.97019, 0.99929 ] }, { "date": "2025-02-07", "close": 0.77, "volume": 3191500, "typical_volume": 1747335.0, "trend": 1.017, "fair_value": 1.407821, "relative_strength": -25.848607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.887436, "energy": 84.816561, "activity_lines": [ 0.812667, 0.875273, 0.946524, 0.982602 ] }, { "date": "2025-02-14", "close": 0.76, "volume": 1989900, "typical_volume": 736290.0, "trend": 1.007333, "fair_value": 1.4, "relative_strength": -25.648783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.177902, "energy": 82.321614, "activity_lines": [ 0.784, 0.846, 0.923333, 0.966022 ] }, { "date": "2025-02-21", "close": 0.72, "volume": 412300, "typical_volume": 740570.0, "trend": 0.996333, "fair_value": 1.392372, "relative_strength": -27.462649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.54357, "energy": 82.149724, "activity_lines": [ 0.755333, 0.814545, 0.898238, 0.947484 ] }, { "date": "2025-02-28", "close": 0.74, "volume": 101600, "typical_volume": 732020.0, "trend": 0.984667, "fair_value": 1.385192, "relative_strength": -22.267979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.639984, "energy": 62.870903, "activity_lines": [ 0.745333, 0.791636, 0.877095, 0.930946 ] }, { "date": "2025-03-07", "close": 0.71, "volume": 286600, "typical_volume": 735665.0, "trend": 0.973667, "fair_value": 1.377949, "relative_strength": -24.692214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.866864, "energy": 61.528679, "activity_lines": [ 0.730667, 0.767455, 0.85481, 0.913226 ] }, { "date": "2025-03-14", "close": 0.7, "volume": 549300, "typical_volume": 761525.0, "trend": 0.963667, "fair_value": 1.370641, "relative_strength": -23.390858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.731263, "energy": 60.186743, "activity_lines": [ 0.717333, 0.747273, 0.833381, 0.89557 ] }, { "date": "2025-03-21", "close": 0.68, "volume": 1119200, "typical_volume": 816710.0, "trend": 0.952333, "fair_value": 1.363077, "relative_strength": -25.736572, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.745755, "energy": 60.107939, "activity_lines": [ 0.702, 0.728, 0.811952, 0.877269 ] }, { "date": "2025-03-28", "close": 0.67, "volume": 2237200, "typical_volume": 920770.0, "trend": 0.941667, "fair_value": 1.355256, "relative_strength": -25.440068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.363081, "energy": 58.239054, "activity_lines": [ 0.688667, 0.712, 0.791571, 0.859054 ] }, { "date": "2025-04-04", "close": 0.52, "volume": 4937200, "typical_volume": 1156370.0, "trend": 0.923667, "fair_value": 1.346667, "relative_strength": -38.794118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.51807, "energy": 71.746497, "activity_lines": [ 0.628667, 0.672909, 0.758667, 0.831849 ] }, { "date": "2025-04-11", "close": 0.52, "volume": 210400, "typical_volume": 1147680.0, "trend": 0.905333, "fair_value": 1.338269, "relative_strength": -38.218709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.030716, "energy": 78.317496, "activity_lines": [ 0.583333, 0.639273, 0.728381, 0.805806 ] }, { "date": "2025-04-18", "close": 0.57, "volume": 116400, "typical_volume": 1136125.0, "trend": 0.888667, "fair_value": 1.330128, "relative_strength": -32.756217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.362529, "energy": 72.226375, "activity_lines": [ 0.567333, 0.619455, 0.705286, 0.784172 ] }, { "date": "2025-04-25", "close": 0.61, "volume": 70400, "typical_volume": 1133785.0, "trend": 0.870333, "fair_value": 1.322179, "relative_strength": -27.76852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.256127, "energy": 75.927823, "activity_lines": [ 0.573333, 0.610545, 0.688143, 0.766194 ] }, { "date": "2025-05-02", "close": 0.57, "volume": 421700, "typical_volume": 1132500.0, "trend": 0.851, "fair_value": 1.314551, "relative_strength": -33.955641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.78805, "energy": 58.039895, "activity_lines": [ 0.570667, 0.597091, 0.669238, 0.746817 ] }, { "date": "2025-05-09", "close": 0.51, "volume": 1486100, "typical_volume": 1167480.0, "trend": 0.831333, "fair_value": 1.307179, "relative_strength": -40.644979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.799686, "energy": 62.958801, "activity_lines": [ 0.554667, 0.575455, 0.646619, 0.724817 ] }, { "date": "2025-05-16", "close": 0.49, "volume": 888300, "typical_volume": 1190185.0, "trend": 0.811333, "fair_value": 1.299231, "relative_strength": -41.383524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.265049, "energy": 67.334707, "activity_lines": [ 0.532667, 0.554364, 0.624286, 0.702796 ] }, { "date": "2025-05-23", "close": 0.5, "volume": 111500, "typical_volume": 1166830.0, "trend": 0.791333, "fair_value": 1.29109, "relative_strength": -38.405568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.109012, "energy": 71.818785, "activity_lines": [ 0.516, 0.539091, 0.605476, 0.68271 ] }, { "date": "2025-05-30", "close": 0.48, "volume": 568900, "typical_volume": 1177995.0, "trend": 0.770667, "fair_value": 1.282372, "relative_strength": -38.621788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.617289, "energy": 75.365025, "activity_lines": [ 0.497333, 0.523818, 0.586905, 0.662624 ] }, { "date": "2025-06-06", "close": 0.48, "volume": 259800, "typical_volume": 1172110.0, "trend": 0.752, "fair_value": 1.273718, "relative_strength": -37.02911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.418954, "energy": 62.942075, "activity_lines": [ 0.487333, 0.512182, 0.570619, 0.643871 ] }, { "date": "2025-06-13", "close": 0.42, "volume": 1000700, "typical_volume": 1032725.0, "trend": 0.730333, "fair_value": 1.265769, "relative_strength": -43.40547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.788306, "energy": 66.394678, "activity_lines": [ 0.463333, 0.493091, 0.550619, 0.622452 ] }, { "date": "2025-06-20", "close": 0.42, "volume": 1099900, "typical_volume": 1052945.0, "trend": 0.71, "fair_value": 1.257949, "relative_strength": -39.631132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.806498, "energy": 64.505641, "activity_lines": [ 0.445333, 0.475818, 0.532524, 0.60243 ] }, { "date": "2025-06-27", "close": 0.4, "volume": 765000, "typical_volume": 931620.0, "trend": 0.689333, "fair_value": 1.249872, "relative_strength": -42.430531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.211597, "energy": 71.508429, "activity_lines": [ 0.425333, 0.456727, 0.514238, 0.58243 ] }, { "date": "2025-07-04", "close": 0.44, "volume": 327800, "typical_volume": 848515.0, "trend": 0.669333, "fair_value": 1.242308, "relative_strength": -37.880857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.777046, "energy": 76.008284, "activity_lines": [ 0.425333, 0.448, 0.501524, 0.566344 ] }, { "date": "2025-07-11", "close": 0.44, "volume": 391000, "typical_volume": 847450.0, "trend": 0.651, "fair_value": 1.234872, "relative_strength": -37.089143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.377304, "energy": 62.279721, "activity_lines": [ 0.428, 0.442364, 0.490333, 0.551548 ] }, { "date": "2025-07-18", "close": 0.44, "volume": 2331200, "typical_volume": 958930.0, "trend": 0.633333, "fair_value": 1.227244, "relative_strength": -40.754571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.979033, "energy": 53.601576, "activity_lines": [ 0.433333, 0.439091, 0.480476, 0.537935 ] }, { "date": "2025-07-25", "close": 0.45, "volume": 611000, "typical_volume": 975150.0, "trend": 0.614, "fair_value": 1.219615, "relative_strength": -39.109546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.692799, "energy": 42.169107, "activity_lines": [ 0.440667, 0.438909, 0.473, 0.526108 ] }, { "date": "2025-08-01", "close": 0.47, "volume": 1377600, "typical_volume": 1016565.0, "trend": 0.598, "fair_value": 1.212308, "relative_strength": -35.558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.096547, "energy": 34.802656, "activity_lines": [ 0.452667, 0.443091, 0.468667, 0.516817 ] }, { "date": "2025-08-08", "close": 0.48, "volume": 273000, "typical_volume": 974255.0, "trend": 0.582, "fair_value": 1.205064, "relative_strength": -35.444235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.852718, "energy": 26.915728, "activity_lines": [ 0.463333, 0.449636, 0.466381, 0.509204 ] }, { "date": "2025-08-15", "close": 0.45, "volume": 298500, "typical_volume": 877320.0, "trend": 0.567, "fair_value": 1.1975, "relative_strength": -38.676744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.798642, "energy": 24.279728, "activity_lines": [ 0.461333, 0.450727, 0.46219, 0.500688 ] }, { "date": "2025-08-22", "close": 0.47, "volume": 315500, "typical_volume": 646235.0, "trend": 0.555333, "fair_value": 1.190256, "relative_strength": -34.830388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.272572, "energy": 19.072342, "activity_lines": [ 0.465333, 0.456, 0.460952, 0.49443 ] }, { "date": "2025-08-29", "close": 0.46, "volume": 1387500, "typical_volume": 705090.0, "trend": 0.544667, "fair_value": 1.183013, "relative_strength": -34.572012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.495067, "energy": 18.695906, "activity_lines": [ 0.464, 0.458545, 0.459, 0.48828 ] }, { "date": "2025-09-05", "close": 0.46, "volume": 293200, "typical_volume": 713930.0, "trend": 0.534333, "fair_value": 1.175385, "relative_strength": -35.200031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.52867, "energy": 17.251787, "activity_lines": [ 0.462, 0.460364, 0.457333, 0.482817 ] }, { "date": "2025-09-12", "close": 0.54, "volume": 3589700, "typical_volume": 889895.0, "trend": 0.527, "fair_value": 1.168462, "relative_strength": -24.764793, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.294469, "energy": 10.708325, "activity_lines": [ 0.487333, 0.475636, 0.46381, 0.483183 ] }, { "date": "2025-09-19", "close": 0.45, "volume": 4128100, "typical_volume": 1075215.0, "trend": 0.518, "fair_value": 1.160962, "relative_strength": -36.402946, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.623692, "energy": 11.971475, "activity_lines": [ 0.478667, 0.472727, 0.462048, 0.478215 ] }, { "date": "2025-09-26", "close": 0.45, "volume": 1942600, "typical_volume": 1098040.0, "trend": 0.508333, "fair_value": 1.153974, "relative_strength": -34.679502, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.647681, "energy": 10.382869, "activity_lines": [ 0.47, 0.469636, 0.460857, 0.473828 ] }, { "date": "2025-10-03", "close": 0.45, "volume": 15689600, "typical_volume": 1838105.0, "trend": 0.499667, "fair_value": 1.147051, "relative_strength": -34.380055, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.56427, "energy": 13.466557, "activity_lines": [ 0.462667, 0.466364, 0.459952, 0.470065 ] }, { "date": "2025-10-10", "close": 0.43, "volume": 867400, "typical_volume": 1875900.0, "trend": 0.490667, "fair_value": 1.139936, "relative_strength": -36.012171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.098765, "energy": 26.274852, "activity_lines": [ 0.449333, 0.459455, 0.457333, 0.46557 ] }, { "date": "2025-10-17", "close": 0.41, "volume": 646600, "typical_volume": 1879785.0, "trend": 0.481667, "fair_value": 1.132692, "relative_strength": -37.451829, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.372074, "energy": 43.629084, "activity_lines": [ 0.431333, 0.449636, 0.453143, 0.460366 ] }, { "date": "2025-10-24", "close": 0.42, "volume": 272900, "typical_volume": 1880440.0, "trend": 0.473333, "fair_value": 1.125385, "relative_strength": -36.822146, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.973889, "energy": 47.006477, "activity_lines": [ 0.425333, 0.442909, 0.450238, 0.456387 ] }, { "date": "2025-10-31", "close": 0.39, "volume": 996000, "typical_volume": 1880205.0, "trend": 0.469, "fair_value": 1.1175, "relative_strength": -40.104989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.56934, "energy": 57.543208, "activity_lines": [ 0.411333, 0.431273, 0.444762, 0.451011 ] }, { "date": "2025-11-07", "close": 0.38, "volume": 572600, "typical_volume": 1853840.0, "trend": 0.464333, "fair_value": 1.109744, "relative_strength": -40.380871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.262173, "energy": 58.399852, "activity_lines": [ 0.398, 0.419273, 0.438476, 0.445269 ] }, { "date": "2025-11-14", "close": 0.36, "volume": 530000, "typical_volume": 1842090.0, "trend": 0.457333, "fair_value": 1.101987, "relative_strength": -40.958137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.646863, "energy": 59.994343, "activity_lines": [ 0.382667, 0.405091, 0.430476, 0.438538 ] }, { "date": "2025-11-21", "close": 0.36, "volume": 609100, "typical_volume": 1856155.0, "trend": 0.449, "fair_value": 1.09359, "relative_strength": -39.224283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.724866, "energy": 60.635079, "activity_lines": [ 0.372, 0.392727, 0.422667, 0.432258 ] }, { "date": "2025-11-28", "close": 0.36, "volume": 309500, "typical_volume": 1852080.0, "trend": 0.442, "fair_value": 1.085064, "relative_strength": -38.258737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.948641, "energy": 60.204238, "activity_lines": [ 0.364667, 0.383636, 0.415238, 0.426516 ] }, { "date": "2025-12-05", "close": 0.37, "volume": 108700, "typical_volume": 1740955.0, "trend": 0.437333, "fair_value": 1.076859, "relative_strength": -36.26987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.761364, "energy": 52.136266, "activity_lines": [ 0.364667, 0.378, 0.409143, 0.421871 ] }, { "date": "2025-12-12", "close": 0.36, "volume": 936600, "typical_volume": 1757235.0, "trend": 0.433, "fair_value": 1.068462, "relative_strength": -35.926374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.253569, "energy": 50.872762, "activity_lines": [ 0.362667, 0.372, 0.402429, 0.416882 ] }, { "date": "2025-12-19", "close": 0.34, "volume": 674000, "typical_volume": 1722055.0, "trend": 0.427667, "fair_value": 1.060192, "relative_strength": -38.229556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.119923, "energy": 60.441637, "activity_lines": [ 0.355333, 0.364, 0.394238, 0.410882 ] }, { "date": "2025-12-26", "close": 0.34, "volume": 741500, "typical_volume": 1745480.0, "trend": 0.423, "fair_value": 1.051731, "relative_strength": -37.300509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.562074, "energy": 59.597898, "activity_lines": [ 0.349333, 0.357636, 0.386667, 0.405226 ] }, { "date": "2026-01-02", "close": 0.34, "volume": 283100, "typical_volume": 1744710.0, "trend": 0.418333, "fair_value": 1.043333, "relative_strength": -36.134594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.554573, "energy": 70.898766, "activity_lines": [ 0.344667, 0.352545, 0.379762, 0.399871 ] }, { "date": "2026-01-09", "close": 0.32, "volume": 818300, "typical_volume": 1769850.0, "trend": 0.415, "fair_value": 1.034487, "relative_strength": -38.371553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.491598, "energy": 77.783398, "activity_lines": [ 0.334667, 0.345273, 0.371476, 0.393527 ] }, { "date": "2026-01-16", "close": 0.32, "volume": 759200, "typical_volume": 1738435.0, "trend": 0.411667, "fair_value": 1.025641, "relative_strength": -38.203943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.557769, "energy": 75.769751, "activity_lines": [ 0.328, 0.339273, 0.363905, 0.387398 ] }, { "date": "2026-01-23", "close": 0.32, "volume": 224500, "typical_volume": 1735000.0, "trend": 0.409, "fair_value": 1.016923, "relative_strength": -38.980905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.634462, "energy": 73.013867, "activity_lines": [ 0.324, 0.334364, 0.357, 0.381484 ] }, { "date": "2026-01-30", "close": 0.33, "volume": 182000, "typical_volume": 1564615.0, "trend": 0.405333, "fair_value": 1.008462, "relative_strength": -36.553822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.811956, "energy": 59.295629, "activity_lines": [ 0.324667, 0.332, 0.351714, 0.376387 ] }, { "date": "2026-02-06", "close": 0.37, "volume": 1150600, "typical_volume": 1415740.0, "trend": 0.403, "fair_value": 1.000449, "relative_strength": -29.219407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.473219, "energy": 36.283034, "activity_lines": [ 0.339333, 0.337455, 0.351238, 0.374108 ] }, { "date": "2026-02-13", "close": 0.48, "volume": 3844300, "typical_volume": 1510825.0, "trend": 0.404333, "fair_value": 0.993462, "relative_strength": -11.932168, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 16.015664, "energy": 23.798625, "activity_lines": [ 0.388667, 0.362727, 0.361619, 0.379075 ] }, { "date": "2026-02-20", "close": 0.42, "volume": 18025800, "typical_volume": 1627635.0, "trend": 0.403333, "fair_value": 0.98609, "relative_strength": -24.386423, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.44607, "energy": 32.810963, "activity_lines": [ 0.407333, 0.375091, 0.366143, 0.380086 ] }, { "date": "2026-02-27", "close": 0.41, "volume": 934500, "typical_volume": 1630990.0, "trend": 0.401333, "fair_value": 0.978333, "relative_strength": -27.240154, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.186768, "energy": 35.121095, "activity_lines": [ 0.416, 0.384545, 0.369857, 0.380516 ] }, { "date": "2026-03-06", "close": 0.35, "volume": 1734500, "typical_volume": 1685385.0, "trend": 0.397, "fair_value": 0.970321, "relative_strength": -31.471954, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 6.268682, "energy": 22.295067, "activity_lines": [ 0.398667, 0.381818, 0.367952, 0.377204 ] }, { "date": "2026-03-13", "close": 0.34, "volume": 414000, "typical_volume": 1692440.0, "trend": 0.393333, "fair_value": 0.962244, "relative_strength": -32.101225, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.312586, "energy": 14.335461, "activity_lines": [ 0.376667, 0.377091, 0.365381, 0.373527 ] }, { "date": "2026-03-20", "close": 0.34, "volume": 26875100, "typical_volume": 2986395.0, "trend": 0.389, "fair_value": 0.954295, "relative_strength": -31.985186, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.550622, "energy": 25.566717, "activity_lines": [ 0.356667, 0.372364, 0.36319, 0.370086 ] }, { "date": "2026-03-27", "close": 0.34, "volume": 440100, "typical_volume": 2979770.0, "trend": 0.385, "fair_value": 0.946282, "relative_strength": -31.378647, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.778389, "energy": 32.203048, "activity_lines": [ 0.346, 0.367273, 0.361238, 0.366925 ] }, { "date": "2026-04-03", "close": 0.33, "volume": 471700, "typical_volume": 2976855.0, "trend": 0.380667, "fair_value": 0.938205, "relative_strength": -32.828037, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.606126, "energy": 34.579995, "activity_lines": [ 0.337333, 0.36, 0.358524, 0.363376 ] }, { "date": "2026-04-10", "close": 0.32, "volume": 458800, "typical_volume": 2969340.0, "trend": 0.373333, "fair_value": 0.930192, "relative_strength": -36.24648, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.451668, "energy": 51.15297, "activity_lines": [ 0.330667, 0.350727, 0.355, 0.359462 ] }, { "date": "2026-04-17", "close": 0.32, "volume": 105400, "typical_volume": 2959135.0, "trend": 0.369, "fair_value": 0.922244, "relative_strength": -34.135211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.7926, "energy": 48.285021, "activity_lines": [ 0.326, 0.341636, 0.351667, 0.356022 ] }, { "date": "2026-04-24", "close": 0.32, "volume": 15648400, "typical_volume": 3736120.0, "trend": 0.364667, "fair_value": 0.914487, "relative_strength": -31.714996, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.945186, "energy": 44.669759, "activity_lines": [ 0.322667, 0.333455, 0.348524, 0.35286 ] }, { "date": "2026-05-01", "close": 0.32, "volume": 404100, "typical_volume": 3709495.0, "trend": 0.360333, "fair_value": 0.906667, "relative_strength": -32.378153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.985862, "energy": 39.76234, "activity_lines": [ 0.320667, 0.328182, 0.345619, 0.349978 ] }, { "date": "2026-05-08", "close": 0.33, "volume": 1494500, "typical_volume": 3750520.0, "trend": 0.357, "fair_value": 0.899038, "relative_strength": -29.716559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.544328, "energy": 31.191494, "activity_lines": [ 0.323333, 0.326545, 0.343857, 0.348022 ] }, { "date": "2026-05-15", "close": 0.34, "volume": 97800, "typical_volume": 3718335.0, "trend": 0.354667, "fair_value": 0.891795, "relative_strength": -27.599271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.818745, "energy": 24.240235, "activity_lines": [ 0.329333, 0.328182, 0.343095, 0.346925 ] }, { "date": "2026-05-22", "close": 0.31, "volume": 1104400, "typical_volume": 3759400.0, "trend": 0.351, "fair_value": 0.883974, "relative_strength": -33.958723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.619893, "energy": 32.240683, "activity_lines": [ 0.324, 0.324545, 0.339476, 0.344043 ] }, { "date": "2026-05-29", "close": 0.32, "volume": 408600, "typical_volume": 3738915.0, "trend": 0.348667, "fair_value": 0.876346, "relative_strength": -32.206253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.22519, "energy": 28.076148, "activity_lines": [ 0.322667, 0.323273, 0.336952, 0.342043 ] }, { "date": "2026-06-05", "close": 0.3, "volume": 357600, "typical_volume": 3718835.0, "trend": 0.346, "fair_value": 0.86859, "relative_strength": -36.0637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.640778, "energy": 55.806018, "activity_lines": [ 0.314667, 0.318727, 0.332524, 0.338903 ] }, { "date": "2026-06-12", "close": 0.31, "volume": 11100, "typical_volume": 3708165.0, "trend": 0.344333, "fair_value": 0.861154, "relative_strength": -33.566349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.977259, "energy": 63.439126, "activity_lines": [ 0.311333, 0.316727, 0.329143, 0.336581 ] }, { "date": "2026-06-19", "close": 0.33, "volume": 7925700, "typical_volume": 4095350.0, "trend": 0.343333, "fair_value": 0.85391, "relative_strength": -27.511783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.810315, "energy": 39.409323, "activity_lines": [ 0.316, 0.318727, 0.327714, 0.335656 ] }, { "date": "2026-06-26", "close": 0.32, "volume": 217300, "typical_volume": 4048685.0, "trend": 0.342, "fair_value": 0.846987, "relative_strength": -27.553951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.583755, "energy": 30.521631, "activity_lines": [ 0.318, 0.318727, 0.325333, 0.334151 ] }, { "date": "2026-07-03", "close": 0.3, "volume": 600700, "typical_volume": 3886505.0, "trend": 0.339667, "fair_value": 0.839808, "relative_strength": -34.072755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.982232, "energy": 33.894239, "activity_lines": [ 0.312667, 0.315091, 0.321286, 0.331441 ] }, { "date": "2026-07-10", "close": 0.31, "volume": 1062200, "typical_volume": 3038325.0, "trend": 0.338, "fair_value": 0.832949, "relative_strength": -31.365916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.987951, "energy": 28.534683, "activity_lines": [ 0.312, 0.313636, 0.319048, 0.329527 ] }, { "date": "2026-07-17", "close": 0.32, "volume": 5182700, "typical_volume": 3250735.0, "trend": 0.337333, "fair_value": 0.825962, "relative_strength": -29.078309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.922225, "energy": 26.576577, "activity_lines": [ 0.314, 0.314182, 0.318286, 0.328366 ] }, { "date": "2026-07-24", "close": 0.32, "volume": 1093800, "typical_volume": 3218700.0, "trend": 0.336667, "fair_value": 0.819423, "relative_strength": -28.403935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.088663, "energy": 20.86556, "activity_lines": [ 0.315333, 0.314909, 0.317952, 0.327247 ] }, { "date": "2026-07-31", "close": 0.32, "volume": 146700, "typical_volume": 3205335.0, "trend": 0.336, "fair_value": 0.812821, "relative_strength": -26.615276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.054406, "energy": 15.208943, "activity_lines": [ 0.317333, 0.316, 0.317762, 0.326172 ] }, { "date": "2026-08-07", "close": 0.34, "volume": 1477900, "typical_volume": 1935475.0, "trend": 0.336667, "fair_value": 0.806282, "relative_strength": -20.528845, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.777485, "energy": 8.994071, "activity_lines": [ 0.326, 0.320545, 0.319571, 0.32643 ] } ], "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." } } }