{ "ticker": { "uuid": "3aea840d-451a-4ebd-b99c-a4e2bd75bfeb", "symbol": "EARN", "name": "Ellington Residential Mortgage", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 91.532, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 10.992, "architecture_energy": 9.326, "architecture_maturity": 29.332, "architecture_confidence": 75.647, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 52.94, "rotation_up": 20.93, "upward_expansion": 44.83, "deceleration": 79.91, "rotation_down": 31.65, "downward_expansion": 29.83 }, "activity_lines": [ 4.351248, 4.356931, 4.404872, 4.341073 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 4.4, "trend_reference": 4.312108, "distance_from_trend": 0.020383, "trend_direction": "Improving", "fair_value": 4.214895, "distance_from_fair_value": 0.043917, "fair_value_direction": "Weakening", "relative_strength": -8.928185, "relative_strength_direction": "Weakening", "price_momentum": -0.001642, "excess_performance": -0.127267, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.020383, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.005627, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.043917, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.096682, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.089282, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.078812, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.001642, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.563171, "read": "Supply-led" } ], "volume": { "latest": 2364439, "relative_activity": 1.203171, "balance": 0.563171, "dry_up": 1.112537, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.043294, "annualized_volatility": 0.275192, "from_high_reference": -0.083452, "from_low_reference": 0.212332 }, "levels": { "trend_reference": 4.312108, "fair_value_reference": 4.214895, "structural_low": 3.629368, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": -0.010298, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.039801, "regime_survival": 0.428571, "best_return": 0.063585, "worst_return": -0.026206, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.046873, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.077435, "regime_survival": 0.0, "best_return": 0.047219, "worst_return": -0.053356, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.061016, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.135471, "regime_survival": 0.0, "best_return": -0.011099, "worst_return": -0.17371, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.074566, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.193247, "regime_survival": 0.0, "best_return": 0.053764, "worst_return": -0.202895, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2025-03-14", "tenure": "Established", "return": -0.051609, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-06-06", "tenure": "Developing", "return": 0.03332, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": 0.019222, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-15", "tenure": "Developing", "return": -0.042545, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": -0.020716, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": -0.019504, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-11-21", "tenure": "Developing", "return": 0.070347, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.035783, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-01-30", "tenure": "New", "return": -0.01773, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-06", "tenure": "Developing", "return": -0.116712, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-04-24", "tenure": "Developing", "return": 0.056604, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": 0.008368, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-06-19", "tenure": "New", "return": -0.05794, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.008132, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3.761601, "volume": 508764, "typical_volume": 435914.2, "trend": 3.957925, "fair_value": 4.481057, "relative_strength": -9.419419, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.414771, "energy": 14.731139, "activity_lines": [ 3.917475, 3.96338, 3.946557, 3.936725 ] }, { "date": "2023-08-25", "close": 3.727712, "volume": 580893, "typical_volume": 453636.75, "trend": 3.940793, "fair_value": 4.47535, "relative_strength": -10.562126, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.41207, "energy": 40.031861, "activity_lines": [ 3.829754, 3.918378, 3.927839, 3.921873 ] }, { "date": "2023-09-01", "close": 3.738328, "volume": 1224474, "typical_volume": 480556.85, "trend": 3.924509, "fair_value": 4.470426, "relative_strength": -12.210348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.04759, "energy": 53.405488, "activity_lines": [ 3.775306, 3.879068, 3.911037, 3.908811 ] }, { "date": "2023-09-08", "close": 3.681167, "volume": 438767, "typical_volume": 487155.85, "trend": 3.9102, "fair_value": 4.46539, "relative_strength": -12.181316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.881417, "energy": 68.558151, "activity_lines": [ 3.729713, 3.833335, 3.889003, 3.893111 ] }, { "date": "2023-09-15", "close": 3.715464, "volume": 401566, "typical_volume": 487935.3, "trend": 3.893507, "fair_value": 4.45912, "relative_strength": -10.895933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.378249, "energy": 66.018066, "activity_lines": [ 3.7156, 3.800152, 3.871258, 3.880547 ] }, { "date": "2023-09-22", "close": 3.669735, "volume": 460536, "typical_volume": 494171.2, "trend": 3.877583, "fair_value": 4.453705, "relative_strength": -9.091379, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.705213, "energy": 61.127349, "activity_lines": [ 3.697227, 3.761501, 3.850637, 3.866111 ] }, { "date": "2023-09-29", "close": 3.595499, "volume": 543154, "typical_volume": 510025.15, "trend": 3.863108, "fair_value": 4.44743, "relative_strength": -10.231207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.032268, "energy": 59.403335, "activity_lines": [ 3.660233, 3.715468, 3.823498, 3.847912 ] }, { "date": "2023-10-06", "close": 3.392854, "volume": 602214, "typical_volume": 517659.35, "trend": 3.850074, "fair_value": 4.439779, "relative_strength": -15.54792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.819455, "energy": 73.766358, "activity_lines": [ 3.564504, 3.643104, 3.777653, 3.817573 ] }, { "date": "2023-10-13", "close": 3.398644, "volume": 453006, "typical_volume": 518124.0, "trend": 3.838123, "fair_value": 4.43219, "relative_strength": -15.585611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.661197, "energy": 77.681337, "activity_lines": [ 3.493738, 3.585686, 3.734855, 3.788448 ] }, { "date": "2023-10-20", "close": 3.109152, "volume": 1043237, "typical_volume": 555615.45, "trend": 3.815276, "fair_value": 4.422275, "relative_strength": -20.661856, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.348145, "energy": 90.941314, "activity_lines": [ 3.345309, 3.486237, 3.666485, 3.741418 ] }, { "date": "2023-10-27", "close": 3.016514, "volume": 578789, "typical_volume": 559195.7, "trend": 3.784334, "fair_value": 4.413806, "relative_strength": -20.763134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.756507, "energy": 94.693534, "activity_lines": [ 3.206421, 3.383964, 3.593117, 3.689885 ] }, { "date": "2023-11-03", "close": 3.421837, "volume": 720961, "typical_volume": 577418.3, "trend": 3.767805, "fair_value": 4.406837, "relative_strength": -14.818499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.700611, "energy": 81.173166, "activity_lines": [ 3.246189, 3.368933, 3.562829, 3.666498 ] }, { "date": "2023-11-10", "close": 3.298369, "volume": 371856, "typical_volume": 577163.75, "trend": 3.751662, "fair_value": 4.39769, "relative_strength": -18.684949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.747099, "energy": 71.399672, "activity_lines": [ 3.256379, 3.337015, 3.523223, 3.636212 ] }, { "date": "2023-11-17", "close": 3.527667, "volume": 794052, "typical_volume": 598382.5, "trend": 3.73938, "fair_value": 4.389071, "relative_strength": -14.714732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.121226, "energy": 44.264413, "activity_lines": [ 3.3493, 3.354787, 3.508591, 3.62176 ] }, { "date": "2023-11-24", "close": 3.580582, "volume": 519090, "typical_volume": 612348.4, "trend": 3.724532, "fair_value": 4.378699, "relative_strength": -14.006946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.901916, "energy": 25.142671, "activity_lines": [ 3.451258, 3.38497, 3.501382, 3.611515 ] }, { "date": "2023-12-01", "close": 3.621738, "volume": 1204203, "typical_volume": 658576.5, "trend": 3.719067, "fair_value": 4.36914, "relative_strength": -13.435773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.186337, "energy": 24.597034, "activity_lines": [ 3.535506, 3.425089, 3.499481, 3.604883 ] }, { "date": "2023-12-08", "close": 3.627695, "volume": 815669, "typical_volume": 643861.85, "trend": 3.715985, "fair_value": 4.36064, "relative_strength": -13.19556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.851011, "energy": 24.714129, "activity_lines": [ 3.581392, 3.467163, 3.499977, 3.598988 ] }, { "date": "2023-12-15", "close": 3.758745, "volume": 1527630, "typical_volume": 682125.25, "trend": 3.710717, "fair_value": 4.35141, "relative_strength": -11.862652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.923586, "energy": 22.804393, "activity_lines": [ 3.657237, 3.532479, 3.515555, 3.601747 ] }, { "date": "2023-12-22", "close": 3.776615, "volume": 1335168, "typical_volume": 725631.8, "trend": 3.709322, "fair_value": 4.342556, "relative_strength": -11.884855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.699902, "energy": 25.503582, "activity_lines": [ 3.708347, 3.594392, 3.534731, 3.605999 ] }, { "date": "2023-12-29", "close": 3.698113, "volume": 1319593, "typical_volume": 772181.1, "trend": 3.702177, "fair_value": 4.331399, "relative_strength": -13.695559, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.80425, "energy": 28.207579, "activity_lines": [ 3.716693, 3.63516, 3.547408, 3.605275 ] }, { "date": "2024-01-05", "close": 3.667949, "volume": 876894, "typical_volume": 790587.6, "trend": 3.692553, "fair_value": 4.321814, "relative_strength": -12.644648, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.803022, "energy": 31.173089, "activity_lines": [ 3.707148, 3.659735, 3.558079, 3.603067 ] }, { "date": "2024-01-12", "close": 3.69208, "volume": 987551, "typical_volume": 810920.5, "trend": 3.68447, "fair_value": 4.313078, "relative_strength": -13.213188, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.056186, "energy": 23.262959, "activity_lines": [ 3.702567, 3.676853, 3.571494, 3.603037 ] }, { "date": "2024-01-19", "close": 3.686047, "volume": 867701, "typical_volume": 793081.85, "trend": 3.675449, "fair_value": 4.303288, "relative_strength": -13.818824, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.139247, "energy": 16.112587, "activity_lines": [ 3.691683, 3.68796, 3.584505, 3.603138 ] }, { "date": "2024-01-26", "close": 3.73431, "volume": 1320274, "typical_volume": 837157.2, "trend": 3.665644, "fair_value": 4.29525, "relative_strength": -13.025136, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.753055, "energy": 16.777784, "activity_lines": [ 3.701733, 3.700794, 3.60236, 3.606936 ] }, { "date": "2024-02-02", "close": 3.728837, "volume": 1474857, "typical_volume": 890821.75, "trend": 3.660871, "fair_value": 4.286456, "relative_strength": -13.83296, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.347157, "energy": 22.378269, "activity_lines": [ 3.712778, 3.708876, 3.619442, 3.611013 ] }, { "date": "2024-02-09", "close": 3.47821, "volume": 2048373, "typical_volume": 970213.6, "trend": 3.643275, "fair_value": 4.275975, "relative_strength": -20.146213, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.94514, "energy": 9.482465, "activity_lines": [ 3.638233, 3.668694, 3.612591, 3.599228 ] }, { "date": "2024-02-16", "close": 3.618806, "volume": 1042438, "typical_volume": 995177.8, "trend": 3.624777, "fair_value": 4.266396, "relative_strength": -16.030328, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.397962, "energy": 8.451573, "activity_lines": [ 3.623203, 3.656684, 3.620041, 3.59765 ] }, { "date": "2024-02-23", "close": 3.716611, "volume": 715497, "typical_volume": 1000841.95, "trend": 3.610099, "fair_value": 4.25747, "relative_strength": -14.54758, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.846883, "energy": 11.64168, "activity_lines": [ 3.64566, 3.662618, 3.636696, 3.603574 ] }, { "date": "2024-03-01", "close": 3.711329, "volume": 1090288, "typical_volume": 1032706.05, "trend": 3.601081, "fair_value": 4.248216, "relative_strength": -14.949817, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.722915, "energy": 20.683858, "activity_lines": [ 3.664318, 3.668359, 3.651306, 3.610105 ] }, { "date": "2024-03-08", "close": 3.835246, "volume": 1317644, "typical_volume": 1046426.4, "trend": 3.599582, "fair_value": 4.239114, "relative_strength": -11.42345, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.879488, "energy": 45.260243, "activity_lines": [ 3.725813, 3.697816, 3.676228, 3.625213 ] }, { "date": "2024-03-15", "close": 3.959164, "volume": 1284570, "typical_volume": 1081715.45, "trend": 3.606167, "fair_value": 4.231102, "relative_strength": -8.090476, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.626867, "energy": 72.041729, "activity_lines": [ 3.821521, 3.747311, 3.709495, 3.648412 ] }, { "date": "2024-03-22", "close": 4.200803, "volume": 1355496, "typical_volume": 1113442.2, "trend": 3.621937, "fair_value": 4.224263, "relative_strength": -4.246608, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.237718, "energy": 86.684063, "activity_lines": [ 3.965712, 3.835445, 3.761286, 3.686775 ] }, { "date": "2024-03-29", "close": 4.331205, "volume": 1306473, "typical_volume": 1160173.05, "trend": 3.6417, "fair_value": 4.218321, "relative_strength": -1.287955, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.540572, "energy": 94.915807, "activity_lines": [ 4.11457, 3.93804, 3.821787, 3.732535 ] }, { "date": "2024-04-05", "close": 4.268525, "volume": 1612016, "typical_volume": 1201071.25, "trend": 3.661278, "fair_value": 4.212113, "relative_strength": -1.511561, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.933917, "energy": 91.241521, "activity_lines": [ 4.201562, 4.017507, 3.8714, 3.772975 ] }, { "date": "2024-04-12", "close": 4.143164, "volume": 1011031, "typical_volume": 1225668.3, "trend": 3.675535, "fair_value": 4.205457, "relative_strength": -2.718345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.300662, "energy": 85.330067, "activity_lines": [ 4.20962, 4.064469, 3.905546, 3.804064 ] }, { "date": "2024-04-19", "close": 4.212112, "volume": 1060876, "typical_volume": 1218501.95, "trend": 3.693614, "fair_value": 4.199133, "relative_strength": 2.289959, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.114485, "energy": 73.514192, "activity_lines": [ 4.220134, 4.116434, 3.943579, 3.838682 ] }, { "date": "2024-04-26", "close": 4.237185, "volume": 1045181, "typical_volume": 1229977.55, "trend": 3.715004, "fair_value": 4.192287, "relative_strength": 0.59191, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.372794, "energy": 57.356571, "activity_lines": [ 4.222141, 4.159614, 3.98119, 3.873751 ] }, { "date": "2024-05-03", "close": 4.370389, "volume": 858752, "typical_volume": 1196533.65, "trend": 3.747588, "fair_value": 4.18717, "relative_strength": 3.32165, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.891496, "energy": 59.16991, "activity_lines": [ 4.266125, 4.215769, 4.028583, 3.916034 ] }, { "date": "2024-05-10", "close": 4.490908, "volume": 1137714, "typical_volume": 1186660.95, "trend": 3.783997, "fair_value": 4.183126, "relative_strength": 4.357007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.05435, "energy": 66.678158, "activity_lines": [ 4.347669, 4.28195, 4.084543, 3.96399 ] }, { "date": "2024-05-17", "close": 4.522624, "volume": 1125216, "typical_volume": 1176942.1, "trend": 3.831113, "fair_value": 4.178465, "relative_strength": 3.614201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.934176, "energy": 82.148467, "activity_lines": [ 4.42496, 4.339724, 4.140121, 4.011644 ] }, { "date": "2024-05-24", "close": 4.440163, "volume": 1569746, "typical_volume": 1211584.7, "trend": 3.878568, "fair_value": 4.173384, "relative_strength": 1.92594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.365958, "energy": 77.501225, "activity_lines": [ 4.449467, 4.370006, 4.18392, 4.050937 ] }, { "date": "2024-05-31", "close": 4.528967, "volume": 1035504, "typical_volume": 1213982.35, "trend": 3.915472, "fair_value": 4.167917, "relative_strength": 4.540736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.825973, "energy": 79.269509, "activity_lines": [ 4.488371, 4.40769, 4.232499, 4.092898 ] }, { "date": "2024-06-07", "close": 4.458402, "volume": 1895868, "typical_volume": 1265390.7, "trend": 3.95414, "fair_value": 4.159645, "relative_strength": 1.868096, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.320041, "energy": 60.54097, "activity_lines": [ 4.484302, 4.426577, 4.270373, 4.127926 ] }, { "date": "2024-06-14", "close": 4.516137, "volume": 780802, "typical_volume": 1238417.1, "trend": 3.987089, "fair_value": 4.153631, "relative_strength": 1.694076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.350194, "energy": 58.12972, "activity_lines": [ 4.49361, 4.453648, 4.310067, 4.164184 ] }, { "date": "2024-06-21", "close": 4.516137, "volume": 1156445, "typical_volume": 1222496.5, "trend": 4.018274, "fair_value": 4.148409, "relative_strength": 1.274211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.438934, "energy": 57.764278, "activity_lines": [ 4.501236, 4.476218, 4.346038, 4.198316 ] }, { "date": "2024-06-28", "close": 4.509722, "volume": 1198296, "typical_volume": 1179992.65, "trend": 4.047873, "fair_value": 4.144495, "relative_strength": 1.405475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.460791, "energy": 53.926783, "activity_lines": [ 4.507156, 4.490839, 4.377649, 4.230023 ] }, { "date": "2024-07-05", "close": 4.490255, "volume": 2075302, "typical_volume": 1231635.85, "trend": 4.076625, "fair_value": 4.14082, "relative_strength": -0.728811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.504945, "energy": 51.922364, "activity_lines": [ 4.50195, 4.496511, 4.402495, 4.258563 ] }, { "date": "2024-07-12", "close": 4.561632, "volume": 2280142, "typical_volume": 1309868.1, "trend": 4.103388, "fair_value": 4.139201, "relative_strength": 0.097256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.898564, "energy": 53.97517, "activity_lines": [ 4.523117, 4.510558, 4.429988, 4.289854 ] }, { "date": "2024-07-19", "close": 4.548655, "volume": 2240579, "typical_volume": 1367382.65, "trend": 4.129123, "fair_value": 4.137387, "relative_strength": 2.071606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.652087, "energy": 51.170401, "activity_lines": [ 4.533077, 4.518769, 4.452221, 4.318581 ] }, { "date": "2024-07-26", "close": 4.57461, "volume": 3472182, "typical_volume": 1475109.55, "trend": 4.158339, "fair_value": 4.135515, "relative_strength": 3.714237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.307617, "energy": 49.504095, "activity_lines": [ 4.54952, 4.530649, 4.47294, 4.347322 ] }, { "date": "2024-08-02", "close": 4.534864, "volume": 1929676, "typical_volume": 1507364.85, "trend": 4.187237, "fair_value": 4.133304, "relative_strength": 5.171204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.82087, "energy": 45.485119, "activity_lines": [ 4.548816, 4.534358, 4.486352, 4.371614 ] }, { "date": "2024-08-09", "close": 4.469236, "volume": 1501128, "typical_volume": 1514646.45, "trend": 4.213142, "fair_value": 4.130027, "relative_strength": 3.741174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.165287, "energy": 33.75469, "activity_lines": [ 4.524561, 4.524412, 4.490772, 4.389808 ] }, { "date": "2024-08-16", "close": 4.600491, "volume": 1597410, "typical_volume": 1529193.3, "trend": 4.243623, "fair_value": 4.128517, "relative_strength": 2.788046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.794569, "energy": 36.165625, "activity_lines": [ 4.545458, 4.539416, 4.506414, 4.414798 ] }, { "date": "2024-08-23", "close": 4.587366, "volume": 1998083, "typical_volume": 1548496.65, "trend": 4.272058, "fair_value": 4.125886, "relative_strength": 1.172839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.589849, "energy": 33.853786, "activity_lines": [ 4.559389, 4.549451, 4.519525, 4.436975 ] }, { "date": "2024-08-30", "close": 4.593928, "volume": 2356865, "typical_volume": 1615788.35, "trend": 4.300895, "fair_value": 4.123296, "relative_strength": 1.099732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.528118, "energy": 33.779259, "activity_lines": [ 4.572928, 4.559384, 4.531741, 4.457741 ] }, { "date": "2024-09-06", "close": 4.520904, "volume": 1331502, "typical_volume": 1629319.65, "trend": 4.335651, "fair_value": 4.120603, "relative_strength": 3.789484, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.88082, "energy": 30.959849, "activity_lines": [ 4.560837, 4.554626, 4.534857, 4.471935 ] }, { "date": "2024-09-13", "close": 4.63376, "volume": 1610327, "typical_volume": 1657576.95, "trend": 4.369483, "fair_value": 4.118101, "relative_strength": 2.336733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.401427, "energy": 34.15434, "activity_lines": [ 4.587295, 4.570183, 4.547251, 4.491167 ] }, { "date": "2024-09-20", "close": 4.653676, "volume": 2482024, "typical_volume": 1738740.55, "trend": 4.400719, "fair_value": 4.114914, "relative_strength": 1.445827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.942533, "energy": 35.290275, "activity_lines": [ 4.609424, 4.586753, 4.559652, 4.509502 ] }, { "date": "2024-09-27", "close": 4.640399, "volume": 1898224, "typical_volume": 1776766.05, "trend": 4.431688, "fair_value": 4.1124, "relative_strength": 0.68353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.14049, "energy": 33.943463, "activity_lines": [ 4.623581, 4.599234, 4.569441, 4.524966 ] }, { "date": "2024-10-04", "close": 4.54586, "volume": 2242015, "typical_volume": 1832606.0, "trend": 4.455375, "fair_value": 4.107869, "relative_strength": -1.61069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.12162, "energy": 29.263771, "activity_lines": [ 4.60269, 4.592859, 4.569513, 4.532332 ] }, { "date": "2024-10-11", "close": 4.525716, "volume": 1486688, "typical_volume": 1828453.1, "trend": 4.47426, "fair_value": 4.102893, "relative_strength": -3.121805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.791889, "energy": 17.436513, "activity_lines": [ 4.578289, 4.583344, 4.567557, 4.53687 ] }, { "date": "2024-10-18", "close": 4.720443, "volume": 1234000, "typical_volume": 1838377.9, "trend": 4.491581, "fair_value": 4.097669, "relative_strength": 0.039066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.067452, "energy": 29.491155, "activity_lines": [ 4.618476, 4.6094, 4.583739, 4.552753 ] }, { "date": "2024-10-25", "close": 4.606293, "volume": 1701912, "typical_volume": 1828680.1, "trend": 4.500751, "fair_value": 4.091973, "relative_strength": -1.564087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.021692, "energy": 20.936617, "activity_lines": [ 4.614834, 4.610135, 4.588137, 4.560153 ] }, { "date": "2024-11-01", "close": 4.377171, "volume": 2917073, "typical_volume": 1935493.65, "trend": 4.504372, "fair_value": 4.084982, "relative_strength": -5.079165, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.500363, "energy": 5.888594, "activity_lines": [ 4.537977, 4.569105, 4.57001, 4.55218 ] }, { "date": "2024-11-08", "close": 4.499514, "volume": 2465816, "typical_volume": 2000962.2, "trend": 4.516251, "fair_value": 4.079356, "relative_strength": -6.840142, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.025309, "energy": 9.03296, "activity_lines": [ 4.519449, 4.554141, 4.564196, 4.551867 ] }, { "date": "2024-11-15", "close": 4.390765, "volume": 2630976, "typical_volume": 2072596.2, "trend": 4.522206, "fair_value": 4.073468, "relative_strength": -7.064608, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.530612, "energy": 30.19119, "activity_lines": [ 4.467762, 4.521121, 4.548105, 4.543771 ] }, { "date": "2024-11-22", "close": 4.59467, "volume": 1859713, "typical_volume": 2061816.75, "trend": 4.534122, "fair_value": 4.069873, "relative_strength": -4.284344, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.577001, "energy": 16.432855, "activity_lines": [ 4.493039, 4.527542, 4.552, 4.548446 ] }, { "date": "2024-11-29", "close": 4.628655, "volume": 1624081, "typical_volume": 2029013.7, "trend": 4.542731, "fair_value": 4.068777, "relative_strength": -4.631519, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.708112, "energy": 4.730566, "activity_lines": [ 4.53803, 4.540851, 4.558634, 4.554545 ] }, { "date": "2024-12-06", "close": 4.711186, "volume": 2215766, "typical_volume": 2027773.05, "trend": 4.550073, "fair_value": 4.06657, "relative_strength": -3.716228, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.822763, "energy": 23.286709, "activity_lines": [ 4.60904, 4.569622, 4.572809, 4.565413 ] }, { "date": "2024-12-13", "close": 4.697431, "volume": 2150143, "typical_volume": 1961671.1, "trend": 4.5559, "fair_value": 4.066998, "relative_strength": -3.353767, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.125197, "energy": 35.921933, "activity_lines": [ 4.653198, 4.594604, 4.5849, 4.57492 ] }, { "date": "2024-12-20", "close": 4.511735, "volume": 3172393, "typical_volume": 2023806.95, "trend": 4.558286, "fair_value": 4.064245, "relative_strength": -5.337958, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.006315, "energy": 24.520746, "activity_lines": [ 4.622262, 4.583068, 4.578721, 4.572071 ] }, { "date": "2024-12-27", "close": 4.573633, "volume": 1706783, "typical_volume": 2034089.7, "trend": 4.559775, "fair_value": 4.062864, "relative_strength": -4.617762, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.365491, "energy": 24.242615, "activity_lines": [ 4.603895, 4.58304, 4.578547, 4.573061 ] }, { "date": "2025-01-03", "close": 4.747237, "volume": 2554185, "typical_volume": 2081928.45, "trend": 4.569403, "fair_value": 4.061296, "relative_strength": -0.504582, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.5238, "energy": 29.415358, "activity_lines": [ 4.644798, 4.617246, 4.594409, 4.585155 ] }, { "date": "2025-01-10", "close": 4.475767, "volume": 2044887, "typical_volume": 2084268.65, "trend": 4.568057, "fair_value": 4.057988, "relative_strength": -4.311631, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.40072, "energy": 8.925808, "activity_lines": [ 4.587306, 4.599531, 4.583719, 4.579114 ] }, { "date": "2025-01-17", "close": 4.608022, "volume": 2148565, "typical_volume": 2073853.65, "trend": 4.57112, "fair_value": 4.056768, "relative_strength": -4.295295, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.924606, "energy": 11.560448, "activity_lines": [ 4.589593, 4.60407, 4.586155, 4.581693 ] }, { "date": "2025-01-24", "close": 4.608022, "volume": 1972782, "typical_volume": 2105917.65, "trend": 4.574397, "fair_value": 4.055489, "relative_strength": -5.89034, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.4393, "energy": 12.893345, "activity_lines": [ 4.59784, 4.606635, 4.588525, 4.584073 ] }, { "date": "2025-01-31", "close": 4.621943, "volume": 4635376, "typical_volume": 2257170.1, "trend": 4.578786, "fair_value": 4.054509, "relative_strength": -4.650608, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.133477, "energy": 14.223778, "activity_lines": [ 4.604309, 4.607782, 4.591805, 4.587141 ] }, { "date": "2025-02-07", "close": 4.600806, "volume": 3364287, "typical_volume": 2301283.25, "trend": 4.580092, "fair_value": 4.053393, "relative_strength": -5.063454, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.678315, "energy": 13.483453, "activity_lines": [ 4.600512, 4.60459, 4.593129, 4.588562 ] }, { "date": "2025-02-14", "close": 4.593761, "volume": 3720414, "typical_volume": 2392392.75, "trend": 4.581595, "fair_value": 4.052888, "relative_strength": -6.641012, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.16787, "energy": 15.780099, "activity_lines": [ 4.604128, 4.600623, 4.594034, 4.589444 ] }, { "date": "2025-02-21", "close": 4.593761, "volume": 2874013, "typical_volume": 2423992.65, "trend": 4.582234, "fair_value": 4.05295, "relative_strength": -5.177559, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.802702, "energy": 15.042103, "activity_lines": [ 4.599878, 4.598791, 4.59516, 4.590228 ] }, { "date": "2025-02-28", "close": 4.614897, "volume": 3679224, "typical_volume": 2533619.45, "trend": 4.584902, "fair_value": 4.053208, "relative_strength": -3.917924, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.498071, "energy": 15.688362, "activity_lines": [ 4.603624, 4.602688, 4.598072, 4.592336 ] }, { "date": "2025-03-07", "close": 4.572101, "volume": 3301855, "typical_volume": 2637012.2, "trend": 4.58833, "fair_value": 4.053342, "relative_strength": -1.872045, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.456755, "energy": 9.602729, "activity_lines": [ 4.592647, 4.596927, 4.596483, 4.59151 ] }, { "date": "2025-03-14", "close": 4.151268, "volume": 5403223, "typical_volume": 2822077.75, "trend": 4.573356, "fair_value": 4.050326, "relative_strength": -8.727901, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -74.507288, "energy": 58.812663, "activity_lines": [ 4.444715, 4.514679, 4.555521, 4.563312 ] }, { "date": "2025-03-21", "close": 4.065675, "volume": 3171678, "typical_volume": 2834808.0, "trend": 4.555967, "fair_value": 4.046008, "relative_strength": -10.861048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.245841, "energy": 78.96408, "activity_lines": [ 4.29822, 4.427704, 4.508574, 4.530559 ] }, { "date": "2025-03-28", "close": 4.158401, "volume": 3218590, "typical_volume": 2872446.7, "trend": 4.541449, "fair_value": 4.043109, "relative_strength": -7.264067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.079304, "energy": 79.533332, "activity_lines": [ 4.217841, 4.365045, 4.471941, 4.504909 ] }, { "date": "2025-04-04", "close": 3.430925, "volume": 12490984, "typical_volume": 3365447.1, "trend": 4.505116, "fair_value": 4.036489, "relative_strength": -15.547037, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.764349, "energy": 97.262975, "activity_lines": [ 3.923993, 4.178293, 4.36765, 4.433263 ] }, { "date": "2025-04-11", "close": 3.467116, "volume": 5506722, "typical_volume": 3547797.55, "trend": 4.466228, "fair_value": 4.030193, "relative_strength": -18.903546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.814333, "energy": 96.20201, "activity_lines": [ 3.72114, 4.019522, 4.271376, 4.366295 ] }, { "date": "2025-04-18", "close": 3.865219, "volume": 2181900, "typical_volume": 3575688.5, "trend": 4.439946, "fair_value": 4.027758, "relative_strength": -8.017615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.856735, "energy": 87.428449, "activity_lines": [ 3.724654, 3.954131, 4.218385, 4.32752 ] }, { "date": "2025-04-25", "close": 4.06789, "volume": 2208812, "typical_volume": 3575340.8, "trend": 4.420863, "fair_value": 4.02681, "relative_strength": -7.218534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.62635, "energy": 76.252479, "activity_lines": [ 3.814795, 3.938963, 4.188332, 4.303516 ] }, { "date": "2025-05-02", "close": 3.965918, "volume": 2513912, "typical_volume": 3593529.25, "trend": 4.401531, "fair_value": 4.02604, "relative_strength": -11.763616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.98567, "energy": 51.964827, "activity_lines": [ 3.870798, 3.914817, 4.151631, 4.274165 ] }, { "date": "2025-05-09", "close": 3.943885, "volume": 1639689, "typical_volume": 3516894.05, "trend": 4.382137, "fair_value": 4.026174, "relative_strength": -11.503419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.425759, "energy": 32.788165, "activity_lines": [ 3.932288, 3.898079, 4.116315, 4.244639 ] }, { "date": "2025-05-16", "close": 4.186247, "volume": 1538237, "typical_volume": 3508466.75, "trend": 4.36433, "fair_value": 4.029433, "relative_strength": -10.435387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.900209, "energy": 25.16731, "activity_lines": [ 4.040369, 3.937608, 4.106785, 4.232001 ] }, { "date": "2025-05-23", "close": 4.098115, "volume": 1969787, "typical_volume": 3479246.85, "trend": 4.347391, "fair_value": 4.030187, "relative_strength": -9.723685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.330453, "energy": 21.994358, "activity_lines": [ 4.07113, 3.968128, 4.090706, 4.214826 ] }, { "date": "2025-05-30", "close": 4.186247, "volume": 1644825, "typical_volume": 3459243.75, "trend": 4.341027, "fair_value": 4.031599, "relative_strength": -9.034929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.182447, "energy": 21.432672, "activity_lines": [ 4.115742, 4.015638, 4.086112, 4.20443 ] }, { "date": "2025-06-06", "close": 4.201144, "volume": 1338826, "typical_volume": 3418756.8, "trend": 4.331081, "fair_value": 4.033729, "relative_strength": -9.876514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.224423, "energy": 20.107866, "activity_lines": [ 4.157429, 4.063665, 4.084315, 4.195405 ] }, { "date": "2025-06-13", "close": 4.268184, "volume": 1154195, "typical_volume": 3377827.45, "trend": 4.326995, "fair_value": 4.040048, "relative_strength": -7.819286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.926242, "energy": 13.61062, "activity_lines": [ 4.205781, 4.123104, 4.09084, 4.191347 ] }, { "date": "2025-06-20", "close": 4.275633, "volume": 775128, "typical_volume": 3184815.05, "trend": 4.316361, "fair_value": 4.043961, "relative_strength": -7.234114, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.428979, "energy": 14.98365, "activity_lines": [ 4.234996, 4.168674, 4.099693, 4.188034 ] }, { "date": "2025-06-27", "close": 4.305428, "volume": 1424477, "typical_volume": 3087824.55, "trend": 4.305587, "fair_value": 4.047339, "relative_strength": -9.409882, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.787804, "energy": 16.332528, "activity_lines": [ 4.268184, 4.204962, 4.113033, 4.187328 ] }, { "date": "2025-07-04", "close": 4.350225, "volume": 1054508, "typical_volume": 2954529.25, "trend": 4.293555, "fair_value": 4.050911, "relative_strength": -9.71547, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.127505, "energy": 43.564846, "activity_lines": [ 4.302483, 4.24139, 4.132046, 4.190208 ] }, { "date": "2025-07-11", "close": 4.493722, "volume": 1058790, "typical_volume": 2863768.1, "trend": 4.286764, "fair_value": 4.05512, "relative_strength": -6.236435, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.125668, "energy": 57.966707, "activity_lines": [ 4.373683, 4.298775, 4.165885, 4.203122 ] }, { "date": "2025-07-18", "close": 4.523932, "volume": 1247961, "typical_volume": 2742204.95, "trend": 4.287171, "fair_value": 4.058768, "relative_strength": -5.923951, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.676638, "energy": 64.686647, "activity_lines": [ 4.435447, 4.352057, 4.203077, 4.218423 ] }, { "date": "2025-07-25", "close": 4.471064, "volume": 1851308, "typical_volume": 2669677.6, "trend": 4.283752, "fair_value": 4.060477, "relative_strength": -8.069136, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.915165, "energy": 67.083079, "activity_lines": [ 4.462539, 4.38518, 4.235668, 4.230287 ] }, { "date": "2025-08-01", "close": 4.333158, "volume": 2313097, "typical_volume": 2515171.3, "trend": 4.269949, "fair_value": 4.06165, "relative_strength": -8.320513, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.354171, "energy": 55.622604, "activity_lines": [ 4.430634, 4.38805, 4.255606, 4.233475 ] }, { "date": "2025-08-08", "close": 4.31019, "volume": 1723160, "typical_volume": 2442745.4, "trend": 4.26443, "fair_value": 4.061534, "relative_strength": -10.629143, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.790909, "energy": 30.442617, "activity_lines": [ 4.389224, 4.382472, 4.27249, 4.236071 ] }, { "date": "2025-08-15", "close": 4.302535, "volume": 2345345, "typical_volume": 2399083.15, "trend": 4.254247, "fair_value": 4.062067, "relative_strength": -11.268989, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.489022, "energy": 14.852057, "activity_lines": [ 4.347931, 4.373247, 4.28748, 4.238529 ] }, { "date": "2025-08-22", "close": 4.470961, "volume": 1818047, "typical_volume": 1865436.3, "trend": 4.249678, "fair_value": 4.06368, "relative_strength": -7.748775, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.329193, "energy": 28.220419, "activity_lines": [ 4.375526, 4.392803, 4.317825, 4.252511 ] }, { "date": "2025-08-29", "close": 4.432682, "volume": 1654303, "typical_volume": 1672815.35, "trend": 4.24337, "fair_value": 4.067053, "relative_strength": -8.177439, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.048837, "energy": 29.846541, "activity_lines": [ 4.393893, 4.401711, 4.339572, 4.264318 ] }, { "date": "2025-09-05", "close": 4.378341, "volume": 1345558, "typical_volume": 1630998.25, "trend": 4.235954, "fair_value": 4.070047, "relative_strength": -9.212044, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.768461, "energy": 28.902842, "activity_lines": [ 4.396705, 4.397884, 4.351546, 4.273025 ] }, { "date": "2025-09-12", "close": 4.378341, "volume": 1022859, "typical_volume": 1571700.6, "trend": 4.228773, "fair_value": 4.072976, "relative_strength": -10.225531, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.014167, "energy": 33.892623, "activity_lines": [ 4.396505, 4.392731, 4.361076, 4.282212 ] }, { "date": "2025-09-19", "close": 4.424919, "volume": 832607, "typical_volume": 1487635.35, "trend": 4.223145, "fair_value": 4.078382, "relative_strength": -10.000328, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.588611, "energy": 32.23236, "activity_lines": [ 4.407287, 4.395536, 4.373564, 4.294866 ] }, { "date": "2025-09-26", "close": 4.424919, "volume": 1114972, "typical_volume": 1461399.5, "trend": 4.216813, "fair_value": 4.08673, "relative_strength": -9.384181, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.936813, "energy": 29.802728, "activity_lines": [ 4.409911, 4.399592, 4.383866, 4.307884 ] }, { "date": "2025-10-03", "close": 4.292948, "volume": 2210700, "typical_volume": 1495022.65, "trend": 4.207508, "fair_value": 4.0942, "relative_strength": -12.690094, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.62278, "energy": 15.629049, "activity_lines": [ 4.371613, 4.381453, 4.379308, 4.312796 ] }, { "date": "2025-10-10", "close": 3.954238, "volume": 2116718, "typical_volume": 1502369.2, "trend": 4.20094, "fair_value": 4.099141, "relative_strength": -17.184388, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -17.56726, "energy": 22.153802, "activity_lines": [ 4.229728, 4.304969, 4.341985, 4.296456 ] }, { "date": "2025-10-17", "close": 4.048762, "volume": 1560079, "typical_volume": 1498131.9, "trend": 4.200376, "fair_value": 4.104429, "relative_strength": -16.19772, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.990527, "energy": 43.474049, "activity_lines": [ 4.147624, 4.252561, 4.314349, 4.286638 ] }, { "date": "2025-10-24", "close": 4.198424, "volume": 1547329, "typical_volume": 1508557.05, "trend": 4.20171, "fair_value": 4.108925, "relative_strength": -14.330465, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.296181, "energy": 42.126911, "activity_lines": [ 4.13738, 4.232117, 4.301621, 4.286512 ] }, { "date": "2025-10-31", "close": 4.072393, "volume": 1910677, "typical_volume": 1546381.15, "trend": 4.223093, "fair_value": 4.11281, "relative_strength": -17.094365, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.622005, "energy": 58.249268, "activity_lines": [ 4.100225, 4.190652, 4.276903, 4.278169 ] }, { "date": "2025-11-07", "close": 4.216407, "volume": 2308025, "typical_volume": 1623026.0, "trend": 4.248069, "fair_value": 4.116403, "relative_strength": -12.43305, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.545647, "energy": 36.140017, "activity_lines": [ 4.134576, 4.182617, 4.266833, 4.277738 ] }, { "date": "2025-11-14", "close": 4.200405, "volume": 1070921, "typical_volume": 1605348.2, "trend": 4.259242, "fair_value": 4.119828, "relative_strength": -12.577149, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.916557, "energy": 19.087105, "activity_lines": [ 4.168696, 4.175606, 4.255521, 4.274662 ] }, { "date": "2025-11-21", "close": 4.232408, "volume": 1584934, "typical_volume": 1631869.5, "trend": 4.264726, "fair_value": 4.122966, "relative_strength": -9.850582, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.032075, "energy": 11.541481, "activity_lines": [ 4.197073, 4.177648, 4.247758, 4.272931 ] }, { "date": "2025-11-28", "close": 4.400425, "volume": 1336982, "typical_volume": 1645779.1, "trend": 4.279209, "fair_value": 4.126649, "relative_strength": -9.285792, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.16652, "energy": 15.729964, "activity_lines": [ 4.269212, 4.212892, 4.256556, 4.281686 ] }, { "date": "2025-12-05", "close": 4.351711, "volume": 1446914, "typical_volume": 1655726.75, "trend": 4.292804, "fair_value": 4.13085, "relative_strength": -10.226485, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.356154, "energy": 13.752313, "activity_lines": [ 4.311646, 4.239724, 4.26116, 4.286364 ] }, { "date": "2025-12-12", "close": 4.197453, "volume": 1573230, "typical_volume": 1641822.85, "trend": 4.293177, "fair_value": 4.134427, "relative_strength": -12.502142, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.005125, "energy": 18.808117, "activity_lines": [ 4.28404, 4.239841, 4.251893, 4.280212 ] }, { "date": "2025-12-19", "close": 4.286761, "volume": 1742194, "typical_volume": 1613277.7, "trend": 4.299465, "fair_value": 4.137879, "relative_strength": -10.400851, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.819331, "energy": 12.807317, "activity_lines": [ 4.287467, 4.257932, 4.252434, 4.279798 ] }, { "date": "2025-12-26", "close": 4.327355, "volume": 1187127, "typical_volume": 1586476.05, "trend": 4.304169, "fair_value": 4.142591, "relative_strength": -10.45656, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.502189, "energy": 8.345599, "activity_lines": [ 4.298668, 4.277357, 4.257062, 4.281597 ] }, { "date": "2026-01-02", "close": 4.368319, "volume": 1317894, "typical_volume": 1535103.5, "trend": 4.309741, "fair_value": 4.146088, "relative_strength": -8.230784, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.004481, "energy": 10.485895, "activity_lines": [ 4.317194, 4.299165, 4.265509, 4.285736 ] }, { "date": "2026-01-09", "close": 4.557887, "volume": 1735581, "typical_volume": 1530980.2, "trend": 4.319398, "fair_value": 4.149424, "relative_strength": -5.430075, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.387484, "energy": 43.090424, "activity_lines": [ 4.40105, 4.352351, 4.291698, 4.301745 ] }, { "date": "2026-01-16", "close": 4.648551, "volume": 1693036, "typical_volume": 1532916.85, "trend": 4.331829, "fair_value": 4.152469, "relative_strength": -2.922341, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.570443, "energy": 61.166316, "activity_lines": [ 4.501382, 4.413195, 4.326107, 4.322981 ] }, { "date": "2026-01-23", "close": 4.640309, "volume": 1557739, "typical_volume": 1543525.9, "trend": 4.342992, "fair_value": 4.155024, "relative_strength": -2.499441, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.918633, "energy": 66.144729, "activity_lines": [ 4.568894, 4.464682, 4.358703, 4.342883 ] }, { "date": "2026-01-30", "close": 4.56613, "volume": 2689466, "typical_volume": 1626856.25, "trend": 4.350188, "fair_value": 4.157199, "relative_strength": -4.125266, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.184598, "energy": 73.54097, "activity_lines": [ 4.588109, 4.494684, 4.382987, 4.357279 ] }, { "date": "2026-02-06", "close": 4.407235, "volume": 2616575, "typical_volume": 1716054.65, "trend": 4.347305, "fair_value": 4.159101, "relative_strength": -6.925369, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.257576, "energy": 57.539603, "activity_lines": [ 4.538441, 4.489729, 4.391244, 4.360959 ] }, { "date": "2026-02-13", "close": 4.365421, "volume": 1801914, "typical_volume": 1750401.75, "trend": 4.342022, "fair_value": 4.160058, "relative_strength": -6.288436, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.014762, "energy": 26.025654, "activity_lines": [ 4.47224, 4.477047, 4.395603, 4.362128 ] }, { "date": "2026-02-20", "close": 4.198163, "volume": 2686817, "typical_volume": 1774207.6, "trend": 4.332925, "fair_value": 4.160383, "relative_strength": -10.465208, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.773546, "energy": 15.193186, "activity_lines": [ 4.363118, 4.433705, 4.384316, 4.352847 ] }, { "date": "2026-02-27", "close": 4.156349, "volume": 3571780, "typical_volume": 1846960.7, "trend": 4.327031, "fair_value": 4.161194, "relative_strength": -10.457007, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -16.700478, "energy": 27.240178, "activity_lines": [ 4.270084, 4.382748, 4.369498, 4.341455 ] }, { "date": "2026-03-06", "close": 3.892858, "volume": 3981232, "typical_volume": 1968018.35, "trend": 4.31312, "fair_value": 4.161893, "relative_strength": -13.887267, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -44.295226, "energy": 47.111327, "activity_lines": [ 4.121483, 4.286255, 4.328623, 4.313444 ] }, { "date": "2026-03-13", "close": 3.816361, "volume": 2394976, "typical_volume": 2010400.7, "trend": 4.296915, "fair_value": 4.162272, "relative_strength": -13.87451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.750567, "energy": 81.976667, "activity_lines": [ 3.992269, 4.183753, 4.281205, 4.281395 ] }, { "date": "2026-03-20", "close": 3.688866, "volume": 2374449, "typical_volume": 2033589.3, "trend": 4.270845, "fair_value": 4.161595, "relative_strength": -14.834045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.522421, "energy": 89.190215, "activity_lines": [ 3.859947, 4.068105, 4.223465, 4.242166 ] }, { "date": "2026-03-27", "close": 3.714365, "volume": 2070353, "typical_volume": 2021705.7, "trend": 4.246901, "fair_value": 4.160118, "relative_strength": -11.852567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.185087, "energy": 87.815687, "activity_lines": [ 3.781229, 3.972895, 4.169978, 4.206264 ] }, { "date": "2026-04-03", "close": 3.963158, "volume": 1809665, "typical_volume": 2058642.9, "trend": 4.233061, "fair_value": 4.160409, "relative_strength": -8.848405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.066831, "energy": 76.94059, "activity_lines": [ 3.817695, 3.939904, 4.142578, 4.187958 ] }, { "date": "2026-04-10", "close": 3.989118, "volume": 1637523, "typical_volume": 2061272.35, "trend": 4.220087, "fair_value": 4.161733, "relative_strength": -11.262739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.503751, "energy": 51.811726, "activity_lines": [ 3.875694, 3.923945, 4.118779, 4.17222 ] }, { "date": "2026-04-17", "close": 4.084303, "volume": 1687431, "typical_volume": 2078794.8, "trend": 4.208733, "fair_value": 4.162939, "relative_strength": -12.645131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.10209, "energy": 33.334378, "activity_lines": [ 3.959004, 3.935784, 4.105204, 4.163459 ] }, { "date": "2026-04-24", "close": 4.032384, "volume": 2177323, "typical_volume": 2115315.25, "trend": 4.195649, "fair_value": 4.162979, "relative_strength": -13.755072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.473009, "energy": 24.192267, "activity_lines": [ 4.007144, 3.944055, 4.08819, 4.152082 ] }, { "date": "2026-05-01", "close": 4.617097, "volume": 2792055, "typical_volume": 2176256.5, "trend": 4.206454, "fair_value": 4.168309, "relative_strength": -1.97553, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.89857, "energy": 27.883153, "activity_lines": [ 4.227288, 4.064692, 4.128383, 4.179272 ] }, { "date": "2026-05-08", "close": 4.761985, "volume": 1891671, "typical_volume": 2183730.35, "trend": 4.233379, "fair_value": 4.174988, "relative_strength": -1.047, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.602068, "energy": 45.667434, "activity_lines": [ 4.435546, 4.204055, 4.180377, 4.215113 ] }, { "date": "2026-05-15", "close": 4.655733, "volume": 1501059, "typical_volume": 2199426.95, "trend": 4.253611, "fair_value": 4.179724, "relative_strength": -3.221734, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.593829, "energy": 59.115975, "activity_lines": [ 4.555131, 4.313089, 4.219989, 4.242362 ] }, { "date": "2026-05-22", "close": 4.646074, "volume": 2310110, "typical_volume": 2249037.75, "trend": 4.268533, "fair_value": 4.18503, "relative_strength": -3.997634, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.486857, "energy": 63.085058, "activity_lines": [ 4.627056, 4.406496, 4.257117, 4.267682 ] }, { "date": "2026-05-29", "close": 4.655733, "volume": 2474958, "typical_volume": 2286006.6, "trend": 4.287977, "fair_value": 4.189794, "relative_strength": -4.886398, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.523958, "energy": 76.796376, "activity_lines": [ 4.664748, 4.486573, 4.293842, 4.292662 ] }, { "date": "2026-06-05", "close": 4.577156, "volume": 1821166, "typical_volume": 2292413.1, "trend": 4.300002, "fair_value": 4.193772, "relative_strength": -3.83833, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.1373, "energy": 65.822881, "activity_lines": [ 4.634692, 4.534784, 4.322618, 4.311319 ] }, { "date": "2026-06-12", "close": 4.528044, "volume": 1190749, "typical_volume": 2274063.6, "trend": 4.310924, "fair_value": 4.197576, "relative_strength": -5.090085, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.249532, "energy": 45.601374, "activity_lines": [ 4.590928, 4.558378, 4.347056, 4.326032 ] }, { "date": "2026-06-19", "close": 4.311956, "volume": 1806924, "typical_volume": 2229936.5, "trend": 4.313575, "fair_value": 4.199853, "relative_strength": -10.049282, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.392356, "energy": 26.023108, "activity_lines": [ 4.490731, 4.532414, 4.35145, 4.326098 ] }, { "date": "2026-06-26", "close": 4.436073, "volume": 1747828, "typical_volume": 2186499.15, "trend": 4.314764, "fair_value": 4.202466, "relative_strength": -4.9238, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.015613, "energy": 21.097754, "activity_lines": [ 4.454824, 4.523146, 4.368874, 4.334001 ] }, { "date": "2026-07-03", "close": 4.280727, "volume": 2112727, "typical_volume": 2202039.8, "trend": 4.312397, "fair_value": 4.205086, "relative_strength": -9.850079, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.228837, "energy": 20.434798, "activity_lines": [ 4.381136, 4.479237, 4.371366, 4.331805 ] }, { "date": "2026-07-10", "close": 4.349455, "volume": 1526619, "typical_volume": 2144029.9, "trend": 4.317464, "fair_value": 4.207287, "relative_strength": -9.219243, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.95313, "energy": 21.667362, "activity_lines": [ 4.355357, 4.443309, 4.380807, 4.334196 ] }, { "date": "2026-07-17", "close": 4.339636, "volume": 1572709, "typical_volume": 2044076.35, "trend": 4.319227, "fair_value": 4.208351, "relative_strength": -7.597376, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.939087, "energy": 17.882726, "activity_lines": [ 4.341486, 4.410463, 4.388592, 4.335627 ] }, { "date": "2026-07-24", "close": 4.32, "volume": 2091976, "typical_volume": 1949613.55, "trend": 4.318982, "fair_value": 4.209396, "relative_strength": -7.11962, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.281713, "energy": 12.938022, "activity_lines": [ 4.333629, 4.381725, 4.393635, 4.335676 ] }, { "date": "2026-07-31", "close": 4.32, "volume": 2716187, "typical_volume": 1965674.1, "trend": 4.317371, "fair_value": 4.211563, "relative_strength": -7.770613, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.283998, "energy": 11.992662, "activity_lines": [ 4.325236, 4.359091, 4.396643, 4.335742 ] }, { "date": "2026-08-07", "close": 4.4, "volume": 2364439, "typical_volume": 1965173.6, "trend": 4.312108, "fair_value": 4.214895, "relative_strength": -8.928185, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.991887, "energy": 9.326151, "activity_lines": [ 4.351248, 4.356931, 4.404872, 4.341073 ] } ], "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." } } }