{
  "ticker": {
    "uuid": "3b224207-05a0-45fe-aa52-65fca97774ae",
    "symbol": "EVCM",
    "name": "EverCommerce Inc",
    "exchange": "NASDAQ",
    "country": "US",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "QQQ",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 68.02,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 16.306,
    "architecture_energy": 25.393,
    "architecture_maturity": 6.428,
    "architecture_confidence": 57.107,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 47.97,
        "rotation_up": 59.22,
        "upward_expansion": 39.8,
        "deceleration": 36.15,
        "rotation_down": 14.72,
        "downward_expansion": 14.8
      },
      "activity_lines": [
        11.526,
        10.899818,
        10.722381,
        10.806753
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 10.92,
    "trend_reference": 11.0,
    "distance_from_trend": -0.007273,
    "trend_direction": "Weakening",
    "fair_value": 10.476474,
    "distance_from_fair_value": 0.042335,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.343441,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.01487,
    "excess_performance": -0.172584,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.007273,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.002268,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.042335,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.09041,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.133434,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.04064,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.01487,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.294301,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 721295,
      "relative_activity": 1.05167,
      "balance": 1.294301,
      "dry_up": 1.28037,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.143568,
      "annualized_volatility": 0.71498,
      "from_high_reference": -0.242193,
      "from_low_reference": 0.425587
    },
    "levels": {
      "trend_reference": 11.0,
      "fair_value_reference": 10.476474,
      "structural_low": 8.545,
      "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": 6,
        "median_return": -0.002989,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.028736,
        "regime_survival": 0.166667,
        "best_return": 0.067608,
        "worst_return": -0.074697,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.024322,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.021759,
        "regime_survival": 0.0,
        "best_return": 0.14099,
        "worst_return": -0.097097,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.00387,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.174171,
        "regime_survival": 0.25,
        "best_return": 0.116116,
        "worst_return": -0.135931,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.051446,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.316242,
        "regime_survival": 0.0,
        "best_return": -0.033797,
        "worst_return": -0.069094,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-31",
        "end": "2025-02-14",
        "tenure": "New",
        "return": 0.060158,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-21",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.02266,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-07",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.057082,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": 0.051818,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-01",
        "end": "2025-10-24",
        "tenure": "Established",
        "return": 0.180361,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.270923,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-21",
        "end": "2025-11-28",
        "tenure": "New",
        "return": 0.037037,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-05",
        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.215292,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-19",
        "end": "2025-12-26",
        "tenure": "New",
        "return": 0.004177,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-02",
        "end": "2026-01-09",
        "tenure": "New",
        "return": 0.033766,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-16",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.196078,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-06-12",
        "tenure": "Established",
        "return": -0.11531,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-19",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.378771,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 10.22,
        "volume": 291551,
        "typical_volume": 813849.85,
        "trend": 11.019,
        "fair_value": 12.390848,
        "relative_strength": -11.59211,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -28.083772,
        "energy": 39.81158,
        "activity_lines": [
          10.719333,
          11.070727,
          11.343952,
          11.246946
        ]
      },
      {
        "date": "2023-08-25",
        "close": 10.25,
        "volume": 256466,
        "typical_volume": 774299.3,
        "trend": 11.011,
        "fair_value": 12.371903,
        "relative_strength": -12.202733,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.566852,
        "energy": 49.340706,
        "activity_lines": [
          10.494,
          10.890545,
          11.225143,
          11.197333
        ]
      },
      {
        "date": "2023-09-01",
        "close": 10.61,
        "volume": 248187,
        "typical_volume": 740330.5,
        "trend": 11.007667,
        "fair_value": 12.356447,
        "relative_strength": -11.790615,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.040005,
        "energy": 50.602177,
        "activity_lines": [
          10.464667,
          10.794727,
          11.140905,
          11.171462
        ]
      },
      {
        "date": "2023-09-08",
        "close": 9.97,
        "volume": 429211,
        "typical_volume": 663781.7,
        "trend": 11.001667,
        "fair_value": 12.335696,
        "relative_strength": -15.30079,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.384315,
        "energy": 57.721082,
        "activity_lines": [
          10.280667,
          10.592545,
          10.999476,
          11.104516
        ]
      },
      {
        "date": "2023-09-15",
        "close": 9.5,
        "volume": 1093778,
        "typical_volume": 667016.6,
        "trend": 10.976,
        "fair_value": 12.31125,
        "relative_strength": -18.195922,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -49.584658,
        "energy": 62.844489,
        "activity_lines": [
          9.995333,
          10.338909,
          10.827762,
          11.007634
        ]
      },
      {
        "date": "2023-09-22",
        "close": 9.89,
        "volume": 405472,
        "typical_volume": 650592.5,
        "trend": 10.973667,
        "fair_value": 12.290556,
        "relative_strength": -11.286307,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -62.747236,
        "energy": 62.158487,
        "activity_lines": [
          9.922,
          10.194909,
          10.705429,
          10.93757
        ]
      },
      {
        "date": "2023-09-29",
        "close": 10.03,
        "volume": 414664,
        "typical_volume": 629296.8,
        "trend": 10.977667,
        "fair_value": 12.271398,
        "relative_strength": -9.383551,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.614852,
        "energy": 60.560001,
        "activity_lines": [
          9.917333,
          10.112182,
          10.607524,
          10.876688
        ]
      },
      {
        "date": "2023-10-06",
        "close": 10.23,
        "volume": 371689,
        "typical_volume": 622039.7,
        "trend": 11.033667,
        "fair_value": 12.254244,
        "relative_strength": -8.733711,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.718256,
        "energy": 41.371607,
        "activity_lines": [
          9.994,
          10.090545,
          10.53581,
          10.828452
        ]
      },
      {
        "date": "2023-10-13",
        "close": 9.91,
        "volume": 393526,
        "typical_volume": 602211.65,
        "trend": 11.022333,
        "fair_value": 12.234708,
        "relative_strength": -11.329608,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.893974,
        "energy": 36.89837,
        "activity_lines": [
          9.989333,
          10.033636,
          10.441286,
          10.755957
        ]
      },
      {
        "date": "2023-10-20",
        "close": 9.93,
        "volume": 380017,
        "typical_volume": 547788.7,
        "trend": 11.028333,
        "fair_value": 12.215661,
        "relative_strength": -8.470545,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.759094,
        "energy": 34.863578,
        "activity_lines": [
          9.995333,
          9.996545,
          10.359,
          10.685484
        ]
      },
      {
        "date": "2023-10-27",
        "close": 9.63,
        "volume": 297120,
        "typical_volume": 520313.6,
        "trend": 10.996667,
        "fair_value": 12.194467,
        "relative_strength": -8.639989,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.273231,
        "energy": 39.17053,
        "activity_lines": [
          9.872667,
          9.919455,
          10.256952,
          10.595269
        ]
      },
      {
        "date": "2023-11-03",
        "close": 9.6,
        "volume": 589390,
        "typical_volume": 482223.35,
        "trend": 10.973,
        "fair_value": 12.173374,
        "relative_strength": -14.216413,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.340307,
        "energy": 43.440705,
        "activity_lines": [
          9.757333,
          9.847636,
          10.16,
          10.505161
        ]
      },
      {
        "date": "2023-11-10",
        "close": 7.95,
        "volume": 855749,
        "typical_volume": 447739.35,
        "trend": 10.858,
        "fair_value": 12.139315,
        "relative_strength": -30.821743,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -87.867248,
        "energy": 77.717504,
        "activity_lines": [
          9.120667,
          9.487636,
          9.913952,
          10.310129
        ]
      },
      {
        "date": "2023-11-17",
        "close": 8.39,
        "volume": 748890,
        "typical_volume": 455457.8,
        "trend": 10.704,
        "fair_value": 12.10932,
        "relative_strength": -28.367323,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.585086,
        "energy": 83.29884,
        "activity_lines": [
          8.782667,
          9.256,
          9.725095,
          10.150903
        ]
      },
      {
        "date": "2023-11-24",
        "close": 9.07,
        "volume": 448289,
        "typical_volume": 458258.85,
        "trend": 10.604,
        "fair_value": 12.085198,
        "relative_strength": -23.204626,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.829974,
        "energy": 74.619981,
        "activity_lines": [
          8.772667,
          9.176727,
          9.617429,
          10.045484
        ]
      },
      {
        "date": "2023-12-01",
        "close": 9.73,
        "volume": 781395,
        "typical_volume": 477848.3,
        "trend": 10.521,
        "fair_value": 12.066654,
        "relative_strength": -17.895524,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.811968,
        "energy": 54.980387,
        "activity_lines": [
          9.04,
          9.225273,
          9.58481,
          9.989097
        ]
      },
      {
        "date": "2023-12-08",
        "close": 10.14,
        "volume": 902373,
        "typical_volume": 504877.25,
        "trend": 10.474667,
        "fair_value": 12.051602,
        "relative_strength": -15.099401,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.232121,
        "energy": 22.800332,
        "activity_lines": [
          9.437333,
          9.351273,
          9.601381,
          9.964516
        ]
      },
      {
        "date": "2023-12-15",
        "close": 10.25,
        "volume": 757595,
        "typical_volume": 522857.95,
        "trend": 10.421667,
        "fair_value": 12.037636,
        "relative_strength": -17.024183,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -17.235125,
        "energy": 19.299494,
        "activity_lines": [
          9.835333,
          9.495273,
          9.634381,
          9.950022
        ]
      },
      {
        "date": "2023-12-22",
        "close": 10.76,
        "volume": 441845,
        "typical_volume": 527915.0,
        "trend": 10.377667,
        "fair_value": 12.027808,
        "relative_strength": -13.780721,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 9.339455,
        "energy": 24.937007,
        "activity_lines": [
          10.25,
          9.731636,
          9.721857,
          9.971849
        ]
      },
      {
        "date": "2023-12-29",
        "close": 11.03,
        "volume": 293813,
        "typical_volume": 520051.0,
        "trend": 10.352667,
        "fair_value": 12.020191,
        "relative_strength": -11.842968,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 34.294718,
        "energy": 39.270856,
        "activity_lines": [
          10.596667,
          10.001636,
          9.835238,
          10.013935
        ]
      },
      {
        "date": "2024-01-05",
        "close": 9.99,
        "volume": 445576,
        "typical_volume": 527752.25,
        "trend": 10.309,
        "fair_value": 12.004811,
        "relative_strength": -17.394714,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 19.806085,
        "energy": 29.813682,
        "activity_lines": [
          10.466,
          10.062545,
          9.848143,
          9.990538
        ]
      },
      {
        "date": "2024-01-12",
        "close": 10.02,
        "volume": 431912,
        "typical_volume": 536524.55,
        "trend": 10.266667,
        "fair_value": 11.989887,
        "relative_strength": -19.389428,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 17.433789,
        "energy": 24.827957,
        "activity_lines": [
          10.328,
          10.122364,
          9.865,
          9.971892
        ]
      },
      {
        "date": "2024-01-19",
        "close": 10.12,
        "volume": 459767,
        "typical_volume": 547103.55,
        "trend": 10.232,
        "fair_value": 11.975933,
        "relative_strength": -20.362993,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -5.344617,
        "energy": 11.15109,
        "activity_lines": [
          10.231333,
          10.192727,
          9.892476,
          9.96243
        ]
      },
      {
        "date": "2024-01-26",
        "close": 10.08,
        "volume": 440855,
        "typical_volume": 547685.75,
        "trend": 10.173333,
        "fair_value": 11.961889,
        "relative_strength": -20.569151,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.211696,
        "energy": 6.285675,
        "activity_lines": [
          10.13,
          10.216364,
          9.918476,
          9.952624
        ]
      },
      {
        "date": "2024-02-02",
        "close": 9.97,
        "volume": 480549,
        "typical_volume": 517024.3,
        "trend": 10.118,
        "fair_value": 11.947243,
        "relative_strength": -21.786388,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -4.942731,
        "energy": 7.162817,
        "activity_lines": [
          10.037333,
          10.189273,
          9.933476,
          9.939505
        ]
      },
      {
        "date": "2024-02-09",
        "close": 9.94,
        "volume": 382704,
        "typical_volume": 515885.9,
        "trend": 10.054,
        "fair_value": 11.932591,
        "relative_strength": -22.889406,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 2.227136,
        "energy": 6.801123,
        "activity_lines": [
          10.005333,
          10.140364,
          9.943381,
          9.928022
        ]
      },
      {
        "date": "2024-02-16",
        "close": 9.93,
        "volume": 440709,
        "typical_volume": 517188.15,
        "trend": 10.005333,
        "fair_value": 11.91808,
        "relative_strength": -21.228603,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.641171,
        "energy": 6.439054,
        "activity_lines": [
          9.973333,
          10.085818,
          9.952095,
          9.920022
        ]
      },
      {
        "date": "2024-02-23",
        "close": 9.85,
        "volume": 273076,
        "typical_volume": 512257.5,
        "trend": 9.950667,
        "fair_value": 11.903201,
        "relative_strength": -22.371898,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -4.930615,
        "energy": 8.267893,
        "activity_lines": [
          9.920667,
          10.020545,
          9.953667,
          9.91
        ]
      },
      {
        "date": "2024-03-01",
        "close": 9.88,
        "volume": 448207,
        "typical_volume": 514991.55,
        "trend": 9.92,
        "fair_value": 11.88875,
        "relative_strength": -23.112161,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -5.587466,
        "energy": 7.705379,
        "activity_lines": [
          9.896,
          9.968,
          9.959905,
          9.905441
        ]
      },
      {
        "date": "2024-03-08",
        "close": 9.54,
        "volume": 548373,
        "typical_volume": 523409.35,
        "trend": 9.880333,
        "fair_value": 11.872092,
        "relative_strength": -24.234145,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.972145,
        "energy": 15.938723,
        "activity_lines": [
          9.771333,
          9.869636,
          9.933905,
          9.880925
        ]
      },
      {
        "date": "2024-03-15",
        "close": 8.45,
        "volume": 1262244,
        "typical_volume": 571665.55,
        "trend": 9.821333,
        "fair_value": 11.847993,
        "relative_strength": -31.443592,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -66.202496,
        "energy": 53.895473,
        "activity_lines": [
          9.312,
          9.600182,
          9.805952,
          9.788645
        ]
      },
      {
        "date": "2024-03-22",
        "close": 9.06,
        "volume": 942895,
        "typical_volume": 589340.8,
        "trend": 9.781667,
        "fair_value": 11.828497,
        "relative_strength": -28.091745,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.436728,
        "energy": 54.707944,
        "activity_lines": [
          9.155333,
          9.469636,
          9.741714,
          9.739527
        ]
      },
      {
        "date": "2024-03-29",
        "close": 9.42,
        "volume": 483703,
        "typical_volume": 570738.5,
        "trend": 9.742,
        "fair_value": 11.811771,
        "relative_strength": -24.217312,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.464513,
        "energy": 56.35999,
        "activity_lines": [
          9.176667,
          9.422,
          9.714333,
          9.716194
        ]
      },
      {
        "date": "2024-04-05",
        "close": 9.02,
        "volume": 788258,
        "typical_volume": 572706.9,
        "trend": 9.710333,
        "fair_value": 11.792517,
        "relative_strength": -26.236211,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.894378,
        "energy": 57.85101,
        "activity_lines": [
          9.093333,
          9.314364,
          9.641857,
          9.669613
        ]
      },
      {
        "date": "2024-04-12",
        "close": 8.75,
        "volume": 1082161,
        "typical_volume": 604400.5,
        "trend": 9.685333,
        "fair_value": 11.771678,
        "relative_strength": -27.276054,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.894214,
        "energy": 47.160084,
        "activity_lines": [
          8.977333,
          9.176909,
          9.540667,
          9.607656
        ]
      },
      {
        "date": "2024-04-19",
        "close": 8.83,
        "volume": 859280,
        "typical_volume": 608294.75,
        "trend": 9.65,
        "fair_value": 11.751667,
        "relative_strength": -21.324528,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.972842,
        "energy": 39.602342,
        "activity_lines": [
          8.940667,
          9.076182,
          9.448619,
          9.552473
        ]
      },
      {
        "date": "2024-04-26",
        "close": 9.17,
        "volume": 926265,
        "typical_volume": 609489.35,
        "trend": 9.621333,
        "fair_value": 11.734223,
        "relative_strength": -20.468307,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.165311,
        "energy": 34.063341,
        "activity_lines": [
          8.992,
          9.057455,
          9.393238,
          9.521505
        ]
      },
      {
        "date": "2024-05-03",
        "close": 9.5,
        "volume": 885835,
        "typical_volume": 615901.35,
        "trend": 9.597,
        "fair_value": 11.719228,
        "relative_strength": -17.488015,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.986683,
        "energy": 23.593215,
        "activity_lines": [
          9.146,
          9.112545,
          9.373905,
          9.513677
        ]
      },
      {
        "date": "2024-05-10",
        "close": 10.09,
        "volume": 966894,
        "typical_volume": 642153.8,
        "trend": 9.603,
        "fair_value": 11.708367,
        "relative_strength": -12.851256,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -15.448201,
        "energy": 12.001607,
        "activity_lines": [
          9.491333,
          9.281273,
          9.414333,
          9.545484
        ]
      },
      {
        "date": "2024-05-17",
        "close": 10.89,
        "volume": 718608,
        "typical_volume": 663393.55,
        "trend": 9.635,
        "fair_value": 11.702947,
        "relative_strength": -7.190156,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 31.217845,
        "energy": 29.783721,
        "activity_lines": [
          10.032,
          9.591636,
          9.534143,
          9.628516
        ]
      },
      {
        "date": "2024-05-24",
        "close": 10.06,
        "volume": 739839,
        "typical_volume": 678106.7,
        "trend": 9.649333,
        "fair_value": 11.692138,
        "relative_strength": -14.604758,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 23.541429,
        "energy": 28.888643,
        "activity_lines": [
          10.153333,
          9.726545,
          9.575571,
          9.655935
        ]
      },
      {
        "date": "2024-05-31",
        "close": 9.59,
        "volume": 689203,
        "typical_volume": 690971.25,
        "trend": 9.649,
        "fair_value": 11.678399,
        "relative_strength": -16.527956,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 23.295093,
        "energy": 26.176598,
        "activity_lines": [
          10.036,
          9.746727,
          9.571905,
          9.652108
        ]
      },
      {
        "date": "2024-06-07",
        "close": 9.43,
        "volume": 887164,
        "typical_volume": 712341.1,
        "trend": 9.698333,
        "fair_value": 11.663799,
        "relative_strength": -19.379644,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 5.676733,
        "energy": 13.385676,
        "activity_lines": [
          9.837333,
          9.728182,
          9.555048,
          9.637978
        ]
      },
      {
        "date": "2024-06-14",
        "close": 9.87,
        "volume": 1226524,
        "typical_volume": 751624.55,
        "trend": 9.747667,
        "fair_value": 11.652226,
        "relative_strength": -17.832207,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 10.141385,
        "energy": 6.528303,
        "activity_lines": [
          9.79,
          9.789455,
          9.583381,
          9.649054
        ]
      },
      {
        "date": "2024-06-21",
        "close": 10.02,
        "volume": 1778895,
        "typical_volume": 816541.85,
        "trend": 9.779333,
        "fair_value": 11.641763,
        "relative_strength": -16.106799,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 3.683428,
        "energy": 6.223836,
        "activity_lines": [
          9.807333,
          9.862545,
          9.627,
          9.666624
        ]
      },
      {
        "date": "2024-06-28",
        "close": 10.98,
        "volume": 1533300,
        "typical_volume": 874071.65,
        "trend": 9.821,
        "fair_value": 11.601635,
        "relative_strength": -7.3426,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 46.140912,
        "energy": 37.408526,
        "activity_lines": [
          10.202667,
          10.087091,
          9.76181,
          9.744086
        ]
      },
      {
        "date": "2024-07-05",
        "close": 11.15,
        "volume": 530666,
        "typical_volume": 878569.5,
        "trend": 9.854667,
        "fair_value": 11.563622,
        "relative_strength": -8.465152,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 49.634309,
        "energy": 62.967866,
        "activity_lines": [
          10.593333,
          10.303455,
          9.907857,
          9.829828
        ]
      },
      {
        "date": "2024-07-12",
        "close": 11.31,
        "volume": 627281,
        "typical_volume": 896279.75,
        "trend": 9.89,
        "fair_value": 11.527468,
        "relative_strength": -6.265384,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 76.061176,
        "energy": 79.921952,
        "activity_lines": [
          10.933333,
          10.512909,
          10.063333,
          9.92372
        ]
      },
      {
        "date": "2024-07-19",
        "close": 11.79,
        "volume": 775264,
        "typical_volume": 912632.6,
        "trend": 9.924333,
        "fair_value": 11.491186,
        "relative_strength": 2.199808,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.610903,
        "energy": 86.820094,
        "activity_lines": [
          11.308,
          10.776727,
          10.257571,
          10.046301
        ]
      },
      {
        "date": "2024-07-26",
        "close": 12.14,
        "volume": 667141,
        "typical_volume": 918571.0,
        "trend": 9.961333,
        "fair_value": 11.456378,
        "relative_strength": 8.361568,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.027608,
        "energy": 90.27275,
        "activity_lines": [
          11.671333,
          11.073273,
          10.476048,
          10.189247
        ]
      },
      {
        "date": "2024-08-02",
        "close": 11.1,
        "volume": 757166,
        "typical_volume": 893317.1,
        "trend": 9.998333,
        "fair_value": 11.399519,
        "relative_strength": 2.584512,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.228695,
        "energy": 74.230503,
        "activity_lines": [
          11.546667,
          11.158,
          10.583095,
          10.26271
        ]
      },
      {
        "date": "2024-08-09",
        "close": 9.86,
        "volume": 781572,
        "typical_volume": 885250.95,
        "trend": 9.993,
        "fair_value": 11.338173,
        "relative_strength": -8.656921,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.786159,
        "energy": 35.053629,
        "activity_lines": [
          11.000667,
          10.998364,
          10.559429,
          10.253785
        ]
      },
      {
        "date": "2024-08-16",
        "close": 10.11,
        "volume": 730102,
        "typical_volume": 897570.9,
        "trend": 9.992667,
        "fair_value": 11.27875,
        "relative_strength": -10.660955,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 30.497962,
        "energy": 17.921806,
        "activity_lines": [
          10.624,
          10.879273,
          10.555762,
          10.261333
        ]
      },
      {
        "date": "2024-08-23",
        "close": 10.41,
        "volume": 519793,
        "typical_volume": 884147.65,
        "trend": 10.003667,
        "fair_value": 11.201827,
        "relative_strength": -8.469996,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.42714,
        "energy": 26.958361,
        "activity_lines": [
          10.427333,
          10.802364,
          10.577381,
          10.288258
        ]
      },
      {
        "date": "2024-08-30",
        "close": 10.71,
        "volume": 428699,
        "typical_volume": 851474.55,
        "trend": 10.028333,
        "fair_value": 11.130096,
        "relative_strength": -4.645425,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.372263,
        "energy": 25.588621,
        "activity_lines": [
          10.422667,
          10.770182,
          10.620952,
          10.333828
        ]
      },
      {
        "date": "2024-09-06",
        "close": 10.13,
        "volume": 397258,
        "typical_volume": 828373.45,
        "trend": 10.034667,
        "fair_value": 11.078429,
        "relative_strength": -3.923378,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.988611,
        "energy": 16.627652,
        "activity_lines": [
          10.32,
          10.62,
          10.599952,
          10.340387
        ]
      },
      {
        "date": "2024-09-13",
        "close": 10.69,
        "volume": 589699,
        "typical_volume": 811545.15,
        "trend": 10.06,
        "fair_value": 11.042308,
        "relative_strength": -4.036731,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.611535,
        "energy": 10.803933,
        "activity_lines": [
          10.468667,
          10.587091,
          10.626095,
          10.382667
        ]
      },
      {
        "date": "2024-09-20",
        "close": 10.77,
        "volume": 723122,
        "typical_volume": 803409.5,
        "trend": 10.090667,
        "fair_value": 11.003974,
        "relative_strength": -4.31279,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.043559,
        "energy": 15.011472,
        "activity_lines": [
          10.588667,
          10.577091,
          10.652619,
          10.428473
        ]
      },
      {
        "date": "2024-09-27",
        "close": 10.42,
        "volume": 442434,
        "typical_volume": 777186.5,
        "trend": 10.108667,
        "fair_value": 10.961538,
        "relative_strength": -7.856298,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.790529,
        "energy": 11.157902,
        "activity_lines": [
          10.548,
          10.513273,
          10.639762,
          10.44972
        ]
      },
      {
        "date": "2024-10-04",
        "close": 10.22,
        "volume": 417080,
        "typical_volume": 762110.1,
        "trend": 10.131333,
        "fair_value": 10.917756,
        "relative_strength": -9.184041,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.311083,
        "energy": 8.504829,
        "activity_lines": [
          10.44,
          10.438,
          10.606286,
          10.456903
        ]
      },
      {
        "date": "2024-10-11",
        "close": 10.27,
        "volume": 350774,
        "typical_volume": 742656.85,
        "trend": 10.192,
        "fair_value": 10.861603,
        "relative_strength": -9.366462,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.817665,
        "energy": 7.245204,
        "activity_lines": [
          10.381333,
          10.406727,
          10.580762,
          10.465849
        ]
      },
      {
        "date": "2024-10-18",
        "close": 10.74,
        "volume": 340916,
        "typical_volume": 725242.5,
        "trend": 10.248,
        "fair_value": 10.808846,
        "relative_strength": -4.915955,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.655505,
        "energy": 10.318776,
        "activity_lines": [
          10.47,
          10.476,
          10.599,
          10.501204
        ]
      },
      {
        "date": "2024-10-25",
        "close": 10.42,
        "volume": 264040,
        "typical_volume": 694086.3,
        "trend": 10.281333,
        "fair_value": 10.743077,
        "relative_strength": -7.358089,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.716676,
        "energy": 6.999897,
        "activity_lines": [
          10.448667,
          10.471091,
          10.581286,
          10.512301
        ]
      },
      {
        "date": "2024-11-01",
        "close": 10.71,
        "volume": 350379,
        "typical_volume": 650279.05,
        "trend": 10.337667,
        "fair_value": 10.685385,
        "relative_strength": -2.883638,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.125319,
        "energy": 13.859477,
        "activity_lines": [
          10.547333,
          10.513273,
          10.586476,
          10.539957
        ]
      },
      {
        "date": "2024-11-08",
        "close": 11.7,
        "volume": 849237,
        "typical_volume": 603796.15,
        "trend": 10.436,
        "fair_value": 10.630577,
        "relative_strength": 0.44504,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 68.423638,
        "energy": 50.061834,
        "activity_lines": [
          10.956667,
          10.73,
          10.681952,
          10.627849
        ]
      },
      {
        "date": "2024-11-15",
        "close": 11.12,
        "volume": 708105,
        "typical_volume": 562536.4,
        "trend": 10.512333,
        "fair_value": 10.583718,
        "relative_strength": -1.199331,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.076024,
        "energy": 49.124274,
        "activity_lines": [
          11.074,
          10.823273,
          10.71419,
          10.671978
        ]
      },
      {
        "date": "2024-11-22",
        "close": 11.87,
        "volume": 580317,
        "typical_volume": 565018.95,
        "trend": 10.602333,
        "fair_value": 10.553269,
        "relative_strength": 3.53985,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.076487,
        "energy": 66.630143,
        "activity_lines": [
          11.384667,
          11.034909,
          10.81719,
          10.75957
        ]
      },
      {
        "date": "2024-11-29",
        "close": 12.15,
        "volume": 288679,
        "typical_volume": 548088.85,
        "trend": 10.690667,
        "fair_value": 10.529231,
        "relative_strength": 5.275998,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.991141,
        "energy": 72.955434,
        "activity_lines": [
          11.713333,
          11.276,
          10.943429,
          10.859419
        ]
      },
      {
        "date": "2024-12-06",
        "close": 11.91,
        "volume": 530942,
        "typical_volume": 535872.75,
        "trend": 10.751333,
        "fair_value": 10.500128,
        "relative_strength": 0.205565,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.106856,
        "energy": 67.353642,
        "activity_lines": [
          11.846667,
          11.448364,
          11.04281,
          10.938086
        ]
      },
      {
        "date": "2024-12-13",
        "close": 12.2,
        "volume": 724601,
        "typical_volume": 538745.75,
        "trend": 10.795,
        "fair_value": 10.474487,
        "relative_strength": 2.076226,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.558525,
        "energy": 71.643737,
        "activity_lines": [
          11.996667,
          11.646364,
          11.169238,
          11.031548
        ]
      },
      {
        "date": "2024-12-20",
        "close": 11.17,
        "volume": 516589,
        "typical_volume": 526716.9,
        "trend": 10.832,
        "fair_value": 10.438526,
        "relative_strength": -3.998006,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.427591,
        "energy": 40.484329,
        "activity_lines": [
          11.77,
          11.621091,
          11.197286,
          11.055742
        ]
      },
      {
        "date": "2024-12-27",
        "close": 11.15,
        "volume": 317566,
        "typical_volume": 503516.6,
        "trend": 10.884,
        "fair_value": 10.409038,
        "relative_strength": -4.566514,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 42.475478,
        "energy": 25.297571,
        "activity_lines": [
          11.533333,
          11.575818,
          11.223095,
          11.076258
        ]
      },
      {
        "date": "2025-01-03",
        "close": 10.97,
        "volume": 298604,
        "typical_volume": 481941.7,
        "trend": 10.935333,
        "fair_value": 10.392179,
        "relative_strength": -5.04556,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 30.43539,
        "energy": 16.511824,
        "activity_lines": [
          11.284667,
          11.490364,
          11.225619,
          11.081806
        ]
      },
      {
        "date": "2025-01-10",
        "close": 10.13,
        "volume": 293882,
        "typical_volume": 470646.15,
        "trend": 10.944,
        "fair_value": 10.376795,
        "relative_strength": -9.987001,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -14.357988,
        "energy": 21.05095,
        "activity_lines": [
          10.834667,
          11.242182,
          11.144048,
          11.029849
        ]
      },
      {
        "date": "2025-01-17",
        "close": 10.27,
        "volume": 387014,
        "typical_volume": 468561.9,
        "trend": 10.952333,
        "fair_value": 10.370128,
        "relative_strength": -10.941658,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -21.803331,
        "energy": 27.503053,
        "activity_lines": [
          10.55,
          11.03,
          11.077143,
          10.986366
        ]
      },
      {
        "date": "2025-01-24",
        "close": 10.33,
        "volume": 299995,
        "typical_volume": 463698.75,
        "trend": 10.930667,
        "fair_value": 10.362692,
        "relative_strength": -11.415072,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -21.659697,
        "energy": 33.405395,
        "activity_lines": [
          10.414,
          10.854727,
          11.018048,
          10.946215
        ]
      },
      {
        "date": "2025-01-31",
        "close": 10.14,
        "volume": 482303,
        "typical_volume": 458328.95,
        "trend": 10.897,
        "fair_value": 10.349551,
        "relative_strength": -11.516123,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.762415,
        "energy": 44.874065,
        "activity_lines": [
          10.270667,
          10.659273,
          10.939905,
          10.895204
        ]
      },
      {
        "date": "2025-02-07",
        "close": 10.31,
        "volume": 589869,
        "typical_volume": 451666.3,
        "trend": 10.863667,
        "fair_value": 10.341154,
        "relative_strength": -9.891329,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.982055,
        "energy": 42.304522,
        "activity_lines": [
          10.251333,
          10.526182,
          10.880571,
          10.857333
        ]
      },
      {
        "date": "2025-02-14",
        "close": 10.75,
        "volume": 547391,
        "typical_volume": 456914.15,
        "trend": 10.829,
        "fair_value": 10.338526,
        "relative_strength": -8.445354,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.55693,
        "energy": 20.08782,
        "activity_lines": [
          10.422667,
          10.506545,
          10.865333,
          10.85
        ]
      },
      {
        "date": "2025-02-21",
        "close": 10.15,
        "volume": 396597,
        "typical_volume": 455890.0,
        "trend": 10.762667,
        "fair_value": 10.328141,
        "relative_strength": -11.306936,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -32.654208,
        "energy": 24.557307,
        "activity_lines": [
          10.352667,
          10.398909,
          10.791381,
          10.806194
        ]
      },
      {
        "date": "2025-02-28",
        "close": 9.92,
        "volume": 557207,
        "typical_volume": 466211.65,
        "trend": 10.723333,
        "fair_value": 10.309679,
        "relative_strength": -10.040387,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -36.274548,
        "energy": 26.608665,
        "activity_lines": [
          10.214,
          10.286727,
          10.695857,
          10.751828
        ]
      },
      {
        "date": "2025-03-07",
        "close": 9.46,
        "volume": 580942,
        "typical_volume": 478212.95,
        "trend": 10.71,
        "fair_value": 10.291667,
        "relative_strength": -11.14801,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.179767,
        "energy": 51.81768,
        "activity_lines": [
          9.949333,
          10.113636,
          10.55819,
          10.670323
        ]
      },
      {
        "date": "2025-03-14",
        "close": 9.36,
        "volume": 1041483,
        "typical_volume": 517085.1,
        "trend": 10.685,
        "fair_value": 10.274167,
        "relative_strength": -9.85802,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.708658,
        "energy": 66.262485,
        "activity_lines": [
          9.696667,
          9.953091,
          10.417095,
          10.583226
        ]
      },
      {
        "date": "2025-03-21",
        "close": 10.08,
        "volume": 844497,
        "typical_volume": 541791.0,
        "trend": 10.674,
        "fair_value": 10.259103,
        "relative_strength": -3.211526,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.25524,
        "energy": 60.301576,
        "activity_lines": [
          9.747333,
          9.952727,
          10.349619,
          10.544194
        ]
      },
      {
        "date": "2025-03-28",
        "close": 10.12,
        "volume": 587435,
        "typical_volume": 528700.9,
        "trend": 10.654333,
        "fair_value": 10.238205,
        "relative_strength": -0.527492,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.52099,
        "energy": 45.206812,
        "activity_lines": [
          9.856,
          9.960545,
          10.288952,
          10.508452
        ]
      },
      {
        "date": "2025-04-04",
        "close": 9.58,
        "volume": 823211,
        "typical_volume": 534456.2,
        "trend": 10.636,
        "fair_value": 10.216154,
        "relative_strength": 4.282279,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.530254,
        "energy": 37.031988,
        "activity_lines": [
          9.786667,
          9.872909,
          10.184381,
          10.43914
        ]
      },
      {
        "date": "2025-04-11",
        "close": 10.09,
        "volume": 1077005,
        "typical_volume": 559290.6,
        "trend": 10.616,
        "fair_value": 10.195256,
        "relative_strength": 1.973145,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.323663,
        "energy": 21.685991,
        "activity_lines": [
          9.91,
          9.891636,
          10.135714,
          10.403914
        ]
      },
      {
        "date": "2025-04-18",
        "close": 9.96,
        "volume": 462694,
        "typical_volume": 567991.35,
        "trend": 10.589,
        "fair_value": 10.176026,
        "relative_strength": 2.902765,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.034755,
        "energy": 20.630245,
        "activity_lines": [
          9.948,
          9.887636,
          10.083143,
          10.361591
        ]
      },
      {
        "date": "2025-04-25",
        "close": 10.46,
        "volume": 619089,
        "typical_volume": 572398.7,
        "trend": 10.590333,
        "fair_value": 10.163718,
        "relative_strength": 1.494802,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.888972,
        "energy": 14.106952,
        "activity_lines": [
          10.112667,
          9.980909,
          10.088619,
          10.353269
        ]
      },
      {
        "date": "2025-05-02",
        "close": 10.0,
        "volume": 924616,
        "typical_volume": 582399.45,
        "trend": 10.583,
        "fair_value": 10.156667,
        "relative_strength": -6.074737,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.968483,
        "energy": 14.697111,
        "activity_lines": [
          10.098667,
          9.995818,
          10.05719,
          10.315183
        ]
      },
      {
        "date": "2025-05-09",
        "close": 11.0,
        "volume": 939244,
        "typical_volume": 603532.2,
        "trend": 10.607333,
        "fair_value": 10.1625,
        "relative_strength": 3.538391,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.420206,
        "energy": 8.388924,
        "activity_lines": [
          10.426,
          10.195273,
          10.131476,
          10.342086
        ]
      },
      {
        "date": "2025-05-16",
        "close": 10.36,
        "volume": 1400263,
        "typical_volume": 657667.05,
        "trend": 10.594667,
        "fair_value": 10.164872,
        "relative_strength": -8.402203,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.27698,
        "energy": 12.492947,
        "activity_lines": [
          10.445333,
          10.258727,
          10.145619,
          10.326129
        ]
      },
      {
        "date": "2025-05-23",
        "close": 9.72,
        "volume": 770330,
        "typical_volume": 681253.35,
        "trend": 10.571333,
        "fair_value": 10.164872,
        "relative_strength": -11.754254,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.08739,
        "energy": 11.783951,
        "activity_lines": [
          10.233333,
          10.189455,
          10.102571,
          10.269699
        ]
      },
      {
        "date": "2025-05-30",
        "close": 10.01,
        "volume": 707735,
        "typical_volume": 701946.0,
        "trend": 10.548,
        "fair_value": 10.168141,
        "relative_strength": -10.68065,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.693339,
        "energy": 12.530892,
        "activity_lines": [
          10.134,
          10.166364,
          10.093095,
          10.233484
        ]
      },
      {
        "date": "2025-06-06",
        "close": 10.26,
        "volume": 1156074,
        "typical_volume": 740399.0,
        "trend": 10.5,
        "fair_value": 10.178397,
        "relative_strength": -10.226989,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.34811,
        "energy": 13.894376,
        "activity_lines": [
          10.148,
          10.19,
          10.108,
          10.214903
        ]
      },
      {
        "date": "2025-06-13",
        "close": 9.42,
        "volume": 995175,
        "typical_volume": 775158.0,
        "trend": 10.443333,
        "fair_value": 10.186154,
        "relative_strength": -16.902947,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.884258,
        "energy": 27.600441,
        "activity_lines": [
          9.864667,
          10.058364,
          10.042952,
          10.145226
        ]
      },
      {
        "date": "2025-06-20",
        "close": 9.55,
        "volume": 1070474,
        "typical_volume": 804566.55,
        "trend": 10.366,
        "fair_value": 10.184679,
        "relative_strength": -15.518889,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -52.751977,
        "energy": 39.696305,
        "activity_lines": [
          9.73,
          9.953273,
          9.994619,
          10.087591
        ]
      },
      {
        "date": "2025-06-27",
        "close": 10.3,
        "volume": 1865465,
        "typical_volume": 868346.35,
        "trend": 10.304333,
        "fair_value": 10.191474,
        "relative_strength": -12.181474,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -37.538822,
        "energy": 22.357761,
        "activity_lines": [
          9.899333,
          9.994364,
          10.020524,
          10.083333
        ]
      },
      {
        "date": "2025-07-04",
        "close": 10.87,
        "volume": 837993,
        "typical_volume": 882876.45,
        "trend": 10.269667,
        "fair_value": 10.198974,
        "relative_strength": -8.424808,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.155633,
        "energy": 3.349108,
        "activity_lines": [
          10.22,
          10.132909,
          10.100762,
          10.119828
        ]
      },
      {
        "date": "2025-07-11",
        "close": 10.55,
        "volume": 968876,
        "typical_volume": 911490.4,
        "trend": 10.214667,
        "fair_value": 10.204295,
        "relative_strength": -10.478237,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.341637,
        "energy": 17.672251,
        "activity_lines": [
          10.376667,
          10.205818,
          10.149952,
          10.137914
        ]
      },
      {
        "date": "2025-07-18",
        "close": 11.19,
        "volume": 1007268,
        "typical_volume": 933993.45,
        "trend": 10.215333,
        "fair_value": 10.206154,
        "relative_strength": -5.815219,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 37.439104,
        "energy": 41.820197,
        "activity_lines": [
          10.727333,
          10.385091,
          10.25819,
          10.200839
        ]
      },
      {
        "date": "2025-07-25",
        "close": 11.57,
        "volume": 1040869,
        "typical_volume": 956989.8,
        "trend": 10.229333,
        "fair_value": 10.206731,
        "relative_strength": -2.971843,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 71.62309,
        "energy": 69.012391,
        "activity_lines": [
          11.086667,
          10.63,
          10.396571,
          10.288237
        ]
      },
      {
        "date": "2025-08-01",
        "close": 9.98,
        "volume": 968478,
        "typical_volume": 953339.55,
        "trend": 10.196333,
        "fair_value": 10.190705,
        "relative_strength": -13.879337,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.462866,
        "energy": 46.609608,
        "activity_lines": [
          10.781333,
          10.563818,
          10.373476,
          10.272151
        ]
      },
      {
        "date": "2025-08-08",
        "close": 10.86,
        "volume": 1029009,
        "typical_volume": 962565.15,
        "trend": 10.220667,
        "fair_value": 10.179167,
        "relative_strength": -9.397878,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.179254,
        "energy": 41.99719,
        "activity_lines": [
          10.790667,
          10.652909,
          10.431238,
          10.314968
        ]
      },
      {
        "date": "2025-08-15",
        "close": 10.82,
        "volume": 1479259,
        "typical_volume": 1007156.35,
        "trend": 10.239,
        "fair_value": 10.167244,
        "relative_strength": -9.946963,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.556404,
        "energy": 28.663746,
        "activity_lines": [
          10.787333,
          10.719273,
          10.481476,
          10.353634
        ]
      },
      {
        "date": "2025-08-22",
        "close": 11.54,
        "volume": 1695898,
        "typical_volume": 1050790.7,
        "trend": 10.279333,
        "fair_value": 10.165,
        "relative_strength": -2.906311,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.287654,
        "energy": 32.397822,
        "activity_lines": [
          11.006,
          10.906364,
          10.596952,
          10.43757
        ]
      },
      {
        "date": "2025-08-29",
        "close": 11.55,
        "volume": 1278964,
        "typical_volume": 1060888.65,
        "trend": 10.326333,
        "fair_value": 10.165128,
        "relative_strength": -2.341063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.20988,
        "energy": 47.474093,
        "activity_lines": [
          11.204667,
          11.056727,
          10.704048,
          10.519548
        ]
      },
      {
        "date": "2025-09-05",
        "close": 11.39,
        "volume": 822955,
        "typical_volume": 1078901.7,
        "trend": 10.362333,
        "fair_value": 10.159231,
        "relative_strength": -4.380257,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.499135,
        "energy": 51.864246,
        "activity_lines": [
          11.351333,
          11.141636,
          10.788952,
          10.588172
        ]
      },
      {
        "date": "2025-09-12",
        "close": 11.85,
        "volume": 1034559,
        "typical_volume": 1099675.2,
        "trend": 10.399,
        "fair_value": 10.161667,
        "relative_strength": -2.096058,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.957403,
        "energy": 63.383224,
        "activity_lines": [
          11.557333,
          11.290364,
          10.910857,
          10.684151
        ]
      },
      {
        "date": "2025-09-19",
        "close": 11.84,
        "volume": 1292561,
        "typical_volume": 1118072.45,
        "trend": 10.455333,
        "fair_value": 10.169423,
        "relative_strength": -4.008814,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.862344,
        "energy": 59.251443,
        "activity_lines": [
          11.694,
          11.419455,
          11.02519,
          10.777118
        ]
      },
      {
        "date": "2025-09-26",
        "close": 11.41,
        "volume": 896779,
        "typical_volume": 1115949.2,
        "trend": 10.505,
        "fair_value": 10.1725,
        "relative_strength": -6.870881,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.669565,
        "energy": 44.692568,
        "activity_lines": [
          11.619333,
          11.446909,
          11.08981,
          10.83871
        ]
      },
      {
        "date": "2025-10-03",
        "close": 11.03,
        "volume": 953246,
        "typical_volume": 1093598.35,
        "trend": 10.557333,
        "fair_value": 10.180897,
        "relative_strength": -10.815227,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.418367,
        "energy": 31.268381,
        "activity_lines": [
          11.426667,
          11.401273,
          11.116286,
          10.872581
        ]
      },
      {
        "date": "2025-10-10",
        "close": 10.78,
        "volume": 922118,
        "typical_volume": 1101187.75,
        "trend": 10.604667,
        "fair_value": 10.193013,
        "relative_strength": -10.59248,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 31.824096,
        "energy": 15.725344,
        "activity_lines": [
          11.185333,
          11.32,
          11.115762,
          10.886946
        ]
      },
      {
        "date": "2025-10-17",
        "close": 10.92,
        "volume": 907280,
        "typical_volume": 1111165.0,
        "trend": 10.632667,
        "fair_value": 10.213782,
        "relative_strength": -11.282168,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 28.411482,
        "energy": 18.00435,
        "activity_lines": [
          11.031333,
          11.249636,
          11.123524,
          10.90729
        ]
      },
      {
        "date": "2025-10-24",
        "close": 11.78,
        "volume": 636995,
        "typical_volume": 1085211.05,
        "trend": 10.688,
        "fair_value": 10.232885,
        "relative_strength": -6.155354,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.921464,
        "energy": 19.98281,
        "activity_lines": [
          11.226,
          11.334545,
          11.208857,
          10.981312
        ]
      },
      {
        "date": "2025-10-31",
        "close": 11.59,
        "volume": 898218,
        "typical_volume": 1080363.2,
        "trend": 10.755,
        "fair_value": 10.255192,
        "relative_strength": -9.110899,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.533722,
        "energy": 19.041044,
        "activity_lines": [
          11.361333,
          11.367455,
          11.268857,
          11.039505
        ]
      },
      {
        "date": "2025-11-07",
        "close": 9.35,
        "volume": 1582773,
        "typical_volume": 1105978.15,
        "trend": 10.730333,
        "fair_value": 10.270577,
        "relative_strength": -23.807298,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -11.181512,
        "energy": 12.282603,
        "activity_lines": [
          10.738,
          10.992182,
          11.10519,
          10.94886
        ]
      },
      {
        "date": "2025-11-14",
        "close": 8.45,
        "volume": 1921914,
        "typical_volume": 1108800.6,
        "trend": 10.68,
        "fair_value": 10.282436,
        "relative_strength": -30.468154,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -41.081976,
        "energy": 51.897355,
        "activity_lines": [
          9.926667,
          10.493273,
          10.856762,
          10.801742
        ]
      },
      {
        "date": "2025-11-21",
        "close": 8.37,
        "volume": 1461353,
        "typical_volume": 1139968.6,
        "trend": 10.610333,
        "fair_value": 10.291795,
        "relative_strength": -28.283148,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -49.971078,
        "energy": 69.88419,
        "activity_lines": [
          9.244,
          10.033273,
          10.609524,
          10.65271
        ]
      },
      {
        "date": "2025-11-28",
        "close": 8.68,
        "volume": 978172,
        "typical_volume": 1140433.4,
        "trend": 10.566333,
        "fair_value": 10.307692,
        "relative_strength": -28.439537,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -66.05997,
        "energy": 80.520942,
        "activity_lines": [
          8.834667,
          9.692909,
          10.403714,
          10.528172
        ]
      },
      {
        "date": "2025-12-05",
        "close": 9.94,
        "volume": 1570965,
        "typical_volume": 1168618.25,
        "trend": 10.531,
        "fair_value": 10.330897,
        "relative_strength": -18.318579,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.797275,
        "energy": 73.166891,
        "activity_lines": [
          9.052,
          9.639091,
          10.32681,
          10.487763
        ]
      },
      {
        "date": "2025-12-12",
        "close": 12.08,
        "volume": 1982871,
        "typical_volume": 1215718.35,
        "trend": 10.588333,
        "fair_value": 10.36609,
        "relative_strength": 1.529796,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -17.740246,
        "energy": 15.820172,
        "activity_lines": [
          10.092667,
          10.001091,
          10.459667,
          10.587699
        ]
      },
      {
        "date": "2025-12-19",
        "close": 11.97,
        "volume": 3119980,
        "typical_volume": 1323293.45,
        "trend": 10.663333,
        "fair_value": 10.4,
        "relative_strength": 0.270019,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.273276,
        "energy": 20.17681,
        "activity_lines": [
          10.914667,
          10.324,
          10.579619,
          10.676839
        ]
      },
      {
        "date": "2025-12-26",
        "close": 12.02,
        "volume": 513401,
        "typical_volume": 1297513.05,
        "trend": 10.730333,
        "fair_value": 10.429359,
        "relative_strength": -0.327069,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.734703,
        "energy": 31.44574,
        "activity_lines": [
          11.518667,
          10.634364,
          10.694857,
          10.764366
        ]
      },
      {
        "date": "2026-01-02",
        "close": 11.55,
        "volume": 595432,
        "typical_volume": 1253321.7,
        "trend": 10.773333,
        "fair_value": 10.454038,
        "relative_strength": -2.306648,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 26.424477,
        "energy": 33.804161,
        "activity_lines": [
          11.722667,
          10.839273,
          10.75981,
          10.817247
        ]
      },
      {
        "date": "2026-01-09",
        "close": 11.94,
        "volume": 967870,
        "typical_volume": 1216920.3,
        "trend": 10.857333,
        "fair_value": 10.474551,
        "relative_strength": -1.087888,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 47.766911,
        "energy": 46.427663,
        "activity_lines": [
          11.865333,
          11.119273,
          10.858429,
          10.892516
        ]
      },
      {
        "date": "2026-01-16",
        "close": 12.75,
        "volume": 746803,
        "typical_volume": 1190312.25,
        "trend": 10.964,
        "fair_value": 10.496346,
        "relative_strength": 6.459956,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.894029,
        "energy": 55.757672,
        "activity_lines": [
          12.144667,
          11.540182,
          11.032286,
          11.014624
        ]
      },
      {
        "date": "2026-01-23",
        "close": 12.67,
        "volume": 349116,
        "typical_volume": 1166620.3,
        "trend": 11.043,
        "fair_value": 10.510321,
        "relative_strength": 5.465636,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.207824,
        "energy": 48.972175,
        "activity_lines": [
          12.352667,
          11.884727,
          11.19281,
          11.124688
        ]
      },
      {
        "date": "2026-01-30",
        "close": 12.05,
        "volume": 545169,
        "typical_volume": 1142150.8,
        "trend": 11.082333,
        "fair_value": 10.51891,
        "relative_strength": 0.45533,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.154971,
        "energy": 40.099656,
        "activity_lines": [
          12.307333,
          12.039818,
          11.28819,
          11.189656
        ]
      },
      {
        "date": "2026-02-06",
        "close": 10.76,
        "volume": 763697,
        "typical_volume": 1115707.6,
        "trend": 11.089333,
        "fair_value": 10.522821,
        "relative_strength": -8.302834,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 33.788913,
        "energy": 23.855738,
        "activity_lines": [
          11.83,
          11.893455,
          11.259762,
          11.16886
        ]
      },
      {
        "date": "2026-02-13",
        "close": 10.25,
        "volume": 735343,
        "typical_volume": 1107635.8,
        "trend": 11.058,
        "fair_value": 10.522692,
        "relative_strength": -11.257115,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 16.32375,
        "energy": 12.076616,
        "activity_lines": [
          11.235333,
          11.616545,
          11.187905,
          11.11471
        ]
      },
      {
        "date": "2026-02-20",
        "close": 10.32,
        "volume": 491662,
        "typical_volume": 1084556.6,
        "trend": 11.016333,
        "fair_value": 10.525,
        "relative_strength": -11.445762,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -5.8742,
        "energy": 16.832039,
        "activity_lines": [
          10.776667,
          11.346727,
          11.128238,
          11.067097
        ]
      },
      {
        "date": "2026-02-27",
        "close": 11.48,
        "volume": 663067,
        "typical_volume": 1071604.05,
        "trend": 11.066333,
        "fair_value": 10.535064,
        "relative_strength": -1.174419,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 4.368445,
        "energy": 15.270371,
        "activity_lines": [
          10.866667,
          11.319818,
          11.182429,
          11.097011
        ]
      },
      {
        "date": "2026-03-06",
        "close": 12.26,
        "volume": 755546,
        "typical_volume": 1064017.35,
        "trend": 11.113,
        "fair_value": 10.558846,
        "relative_strength": 6.747977,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 37.162126,
        "energy": 19.102237,
        "activity_lines": [
          11.296,
          11.443636,
          11.307571,
          11.174022
        ]
      },
      {
        "date": "2026-03-13",
        "close": 10.05,
        "volume": 836559,
        "typical_volume": 1073995.55,
        "trend": 11.087333,
        "fair_value": 10.557564,
        "relative_strength": -11.366845,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.694306,
        "energy": 11.263586,
        "activity_lines": [
          10.974667,
          11.161273,
          11.215857,
          11.105441
        ]
      },
      {
        "date": "2026-03-20",
        "close": 10.35,
        "volume": 1003925,
        "typical_volume": 1079280.9,
        "trend": 11.047667,
        "fair_value": 10.56141,
        "relative_strength": -6.583379,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -13.813021,
        "energy": 8.828603,
        "activity_lines": [
          10.800667,
          10.960727,
          11.160952,
          11.057871
        ]
      },
      {
        "date": "2026-03-27",
        "close": 11.36,
        "volume": 795168,
        "typical_volume": 1039900.65,
        "trend": 11.041333,
        "fair_value": 10.56641,
        "relative_strength": 6.110604,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -0.289167,
        "energy": 2.799015,
        "activity_lines": [
          10.956667,
          10.972727,
          11.208143,
          11.078022
        ]
      },
      {
        "date": "2026-04-03",
        "close": 11.71,
        "volume": 596400,
        "typical_volume": 973624.95,
        "trend": 11.052,
        "fair_value": 10.575385,
        "relative_strength": 5.485332,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 34.13295,
        "energy": 16.151262,
        "activity_lines": [
          11.16,
          11.073636,
          11.279095,
          11.121161
        ]
      },
      {
        "date": "2026-04-10",
        "close": 10.92,
        "volume": 602337,
        "typical_volume": 930674.15,
        "trend": 11.021,
        "fair_value": 10.572308,
        "relative_strength": -5.40526,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 23.559451,
        "energy": 9.74773,
        "activity_lines": [
          11.084667,
          11.048364,
          11.259286,
          11.112645
        ]
      },
      {
        "date": "2026-04-17",
        "close": 12.21,
        "volume": 536409,
        "typical_volume": 908586.0,
        "trend": 11.033333,
        "fair_value": 10.567179,
        "relative_strength": -0.010794,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 42.562228,
        "energy": 23.728696,
        "activity_lines": [
          11.528667,
          11.278182,
          11.35019,
          11.189355
        ]
      },
      {
        "date": "2026-04-24",
        "close": 11.75,
        "volume": 431988,
        "typical_volume": 851637.15,
        "trend": 11.044667,
        "fair_value": 10.565128,
        "relative_strength": -5.415455,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 45.990129,
        "energy": 31.070321,
        "activity_lines": [
          11.675333,
          11.398,
          11.380476,
          11.235591
        ]
      },
      {
        "date": "2026-05-01",
        "close": 12.11,
        "volume": 489553,
        "typical_volume": 776971.25,
        "trend": 11.080667,
        "fair_value": 10.564423,
        "relative_strength": -3.748449,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 52.961228,
        "energy": 38.078268,
        "activity_lines": [
          11.848667,
          11.556,
          11.436429,
          11.304323
        ]
      },
      {
        "date": "2026-05-08",
        "close": 11.97,
        "volume": 546871,
        "typical_volume": 648315.8,
        "trend": 11.120333,
        "fair_value": 10.567244,
        "relative_strength": -9.279465,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 50.698375,
        "energy": 39.260091,
        "activity_lines": [
          11.925333,
          11.656,
          11.478905,
          11.361699
        ]
      },
      {
        "date": "2026-05-15",
        "close": 9.49,
        "volume": 637402,
        "typical_volume": 654515.85,
        "trend": 11.072667,
        "fair_value": 10.552179,
        "relative_strength": -27.348544,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.273245,
        "energy": 5.231535,
        "activity_lines": [
          11.158,
          11.296182,
          11.28519,
          11.256516
        ]
      },
      {
        "date": "2026-05-22",
        "close": 10.69,
        "volume": 464944,
        "typical_volume": 647991.45,
        "trend": 11.036333,
        "fair_value": 10.543269,
        "relative_strength": -18.782772,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -13.501043,
        "energy": 11.624488,
        "activity_lines": [
          10.886,
          11.204909,
          11.21781,
          11.231828
        ]
      },
      {
        "date": "2026-05-29",
        "close": 11.25,
        "volume": 465840,
        "typical_volume": 622889.95,
        "trend": 11.025,
        "fair_value": 10.539872,
        "relative_strength": -16.57259,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.572097,
        "energy": 12.982969,
        "activity_lines": [
          10.902,
          11.203818,
          11.207857,
          11.245613
        ]
      },
      {
        "date": "2026-06-05",
        "close": 9.2,
        "volume": 840314,
        "typical_volume": 627565.5,
        "trend": 11.02,
        "fair_value": 10.52641,
        "relative_strength": -28.073982,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -34.750225,
        "energy": 35.483116,
        "activity_lines": [
          10.268,
          10.813636,
          11.005952,
          11.127871
        ]
      },
      {
        "date": "2026-06-12",
        "close": 9.13,
        "volume": 748729,
        "typical_volume": 647546.15,
        "trend": 11.042667,
        "fair_value": 10.512564,
        "relative_strength": -29.839125,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -63.794857,
        "energy": 60.99816,
        "activity_lines": [
          9.804667,
          10.45,
          10.814286,
          11.005935
        ]
      },
      {
        "date": "2026-06-19",
        "close": 8.95,
        "volume": 548248,
        "typical_volume": 647700.1,
        "trend": 11.062,
        "fair_value": 10.498397,
        "relative_strength": -32.573644,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.584627,
        "energy": 65.370711,
        "activity_lines": [
          9.470667,
          10.100545,
          10.622333,
          10.870925
        ]
      },
      {
        "date": "2026-06-26",
        "close": 9.31,
        "volume": 1091093,
        "typical_volume": 664069.9,
        "trend": 11.083,
        "fair_value": 10.482179,
        "relative_strength": -26.107055,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.847935,
        "energy": 66.221474,
        "activity_lines": [
          9.292667,
          9.852364,
          10.479429,
          10.757892
        ]
      },
      {
        "date": "2026-07-03",
        "close": 9.98,
        "volume": 724247,
        "typical_volume": 663515.1,
        "trend": 11.084333,
        "fair_value": 10.471603,
        "relative_strength": -20.987165,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.567122,
        "energy": 52.445608,
        "activity_lines": [
          9.43,
          9.778727,
          10.407238,
          10.686731
        ]
      },
      {
        "date": "2026-07-10",
        "close": 10.17,
        "volume": 684992,
        "typical_volume": 673181.6,
        "trend": 11.020667,
        "fair_value": 10.460769,
        "relative_strength": -20.476601,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.235449,
        "energy": 32.179694,
        "activity_lines": [
          9.715333,
          9.771818,
          10.354429,
          10.627742
        ]
      },
      {
        "date": "2026-07-17",
        "close": 12.04,
        "volume": 1487657,
        "typical_volume": 714411.1,
        "trend": 11.023,
        "fair_value": 10.464936,
        "relative_strength": -1.478322,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -10.545196,
        "energy": 11.02736,
        "activity_lines": [
          10.559333,
          10.140182,
          10.480429,
          10.693505
        ]
      },
      {
        "date": "2026-07-24",
        "close": 11.56,
        "volume": 739905,
        "typical_volume": 713629.05,
        "trend": 11.007667,
        "fair_value": 10.465385,
        "relative_strength": -3.490455,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 6.944807,
        "energy": 17.381606,
        "activity_lines": [
          11.049333,
          10.42,
          10.558048,
          10.728151
        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.34,
        "volume": 563746,
        "typical_volume": 699988.4,
        "trend": 11.034,
        "fair_value": 10.475256,
        "relative_strength": 2.475113,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 28.056312,
        "energy": 31.148432,
        "activity_lines": [
          11.625333,
          10.804,
          10.713286,
          10.814108
        ]
      },
      {
        "date": "2026-08-07",
        "close": 10.92,
        "volume": 721295,
        "typical_volume": 685856.9,
        "trend": 11.0,
        "fair_value": 10.476474,
        "relative_strength": -13.343441,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 16.306296,
        "energy": 25.393315,
        "activity_lines": [
          11.526,
          10.899818,
          10.722381,
          10.806753
        ]
      }
    ],
    "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."
    }
  }
}