{ "ticker": { "uuid": "3df856a3-9413-4465-8ad0-eff60c4f6ee9", "symbol": "CLDT", "name": "Chatham Lodging Trust REIT", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 54.07, "architecture_energy": 58.329, "architecture_maturity": 100.0, "architecture_confidence": 77.836, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 15.93, "rotation_up": 48.98, "upward_expansion": 77.0, "deceleration": 65.49, "rotation_down": 27.52, "downward_expansion": 18.0 }, "activity_lines": [ 13.091333, 13.098056, 12.123986, 11.108807 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 12.59, "trend_reference": 9.812925, "distance_from_trend": 0.283002, "trend_direction": "Improving", "fair_value": 8.237449, "distance_from_fair_value": 0.528386, "fair_value_direction": "Improving", "relative_strength": 33.843221, "relative_strength_direction": "Improving", "price_momentum": 0.684277, "excess_performance": 0.558652, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.283002, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.273338, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.528386, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.284829, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.338432, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.100641, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.684277, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.81559, "read": "Demand-led" } ], "volume": { "latest": 1921188, "relative_activity": 1.052649, "balance": 1.81559, "dry_up": 0.938014, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.066138, "annualized_volatility": 0.323767, "from_high_reference": -0.092939, "from_low_reference": 1.124749 }, "levels": { "trend_reference": 9.812925, "fair_value_reference": 8.237449, "structural_low": 7.089912, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": 0.018182, "positive_rate": 0.578947, "directional_follow_through": 0.578947, "median_excess_return": 0.019218, "regime_survival": 0.789474, "best_return": 0.161237, "worst_return": -0.218527, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.058217, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.076289, "regime_survival": 0.333333, "best_return": 0.327174, "worst_return": -0.201623, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.209849, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.247993, "regime_survival": 0.0, "best_return": -0.146083, "worst_return": -0.241084, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.142113, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.324099, "regime_survival": 0.75, "best_return": -0.069302, "worst_return": -0.187093, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-10", "end": "2024-09-20", "tenure": "Established", "return": 0.007099, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-11-22", "tenure": "Developing", "return": 0.075976, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-01-03", "tenure": "Developing", "return": -0.03595, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": -0.071019, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": -0.080446, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-07-04", "tenure": "Established", "return": 0.032801, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-08-29", "tenure": "Developing", "return": 0.039509, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-19", "tenure": "New", "return": -0.041835, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-10", "tenure": "New", "return": -0.09418, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": 0.014263, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": 0.043807, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-09", "tenure": "New", "return": 0.017564, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": 0.095514, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-08-07", "tenure": "Established", "return": 0.702266, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.285296, "volume": 889374, "typical_volume": 1015382.2, "trend": 9.351299, "fair_value": 10.426029, "relative_strength": -23.696539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.584478, "energy": 35.114004, "activity_lines": [ 8.391104, 8.432404, 8.538699, 8.775374 ] }, { "date": "2023-08-25", "close": 8.105961, "volume": 598503, "typical_volume": 1000284.25, "trend": 9.212839, "fair_value": 10.436582, "relative_strength": -25.373429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.72356, "energy": 41.266959, "activity_lines": [ 8.28709, 8.372719, 8.482713, 8.695029 ] }, { "date": "2023-09-01", "close": 8.769502, "volume": 1261617, "typical_volume": 1017111.7, "trend": 9.086775, "fair_value": 10.448233, "relative_strength": -20.780942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.210782, "energy": 25.65269, "activity_lines": [ 8.429362, 8.441481, 8.495652, 8.666427 ] }, { "date": "2023-09-08", "close": 8.823303, "volume": 805639, "typical_volume": 1015874.95, "trend": 8.98961, "fair_value": 10.463441, "relative_strength": -18.776114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.470936, "energy": 12.250571, "activity_lines": [ 8.569842, 8.507672, 8.515863, 8.649429 ] }, { "date": "2023-09-15", "close": 8.930904, "volume": 1371236, "typical_volume": 1038054.75, "trend": 8.89397, "fair_value": 10.476409, "relative_strength": -17.098236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.143711, "energy": 9.338328, "activity_lines": [ 8.716897, 8.585602, 8.548169, 8.645641 ] }, { "date": "2023-09-22", "close": 8.419798, "volume": 732298, "typical_volume": 1008036.3, "trend": 8.802506, "fair_value": 10.489818, "relative_strength": -19.109177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.230513, "energy": 17.1593, "activity_lines": [ 8.662499, 8.564571, 8.532669, 8.615049 ] }, { "date": "2023-09-29", "close": 8.64319, "volume": 1324149, "typical_volume": 1032564.9, "trend": 8.724971, "fair_value": 10.501111, "relative_strength": -16.094776, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.690619, "energy": 12.379064, "activity_lines": [ 8.673597, 8.588069, 8.541706, 8.604771 ] }, { "date": "2023-10-06", "close": 8.706411, "volume": 1561534, "typical_volume": 1065117.25, "trend": 8.695506, "fair_value": 10.514104, "relative_strength": -15.497348, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.962543, "energy": 8.326335, "activity_lines": [ 8.669955, 8.620142, 8.557647, 8.603574 ] }, { "date": "2023-10-13", "close": 8.751569, "volume": 977464, "typical_volume": 1070278.65, "trend": 8.702903, "fair_value": 10.52964, "relative_strength": -14.948435, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.147537, "energy": 5.113546, "activity_lines": [ 8.685571, 8.656192, 8.578557, 8.607191 ] }, { "date": "2023-10-20", "close": 8.543843, "volume": 1195036, "typical_volume": 1081416.4, "trend": 8.696893, "fair_value": 10.538831, "relative_strength": -14.375264, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.621386, "energy": 11.352828, "activity_lines": [ 8.636727, 8.647789, 8.577466, 8.596929 ] }, { "date": "2023-10-27", "close": 8.11936, "volume": 953347, "typical_volume": 1079067.1, "trend": 8.656335, "fair_value": 10.54947, "relative_strength": -15.862573, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.564508, "energy": 22.611812, "activity_lines": [ 8.472193, 8.560768, 8.536966, 8.559668 ] }, { "date": "2023-11-03", "close": 9.275398, "volume": 1223904, "typical_volume": 1025429.2, "trend": 8.655202, "fair_value": 10.566674, "relative_strength": -8.625091, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.458047, "energy": 16.554319, "activity_lines": [ 8.713034, 8.686952, 8.61007, 8.599608 ] }, { "date": "2023-11-10", "close": 8.579969, "volume": 953704, "typical_volume": 1021862.3, "trend": 8.633854, "fair_value": 10.565843, "relative_strength": -15.92936, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.726016, "energy": 5.445003, "activity_lines": [ 8.679918, 8.665432, 8.613418, 8.594754 ] }, { "date": "2023-11-17", "close": 9.212177, "volume": 1542790, "typical_volume": 1041235.85, "trend": 8.633877, "fair_value": 10.564276, "relative_strength": -11.091516, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.871524, "energy": 29.576794, "activity_lines": [ 8.865968, 8.762306, 8.674643, 8.632065 ] }, { "date": "2023-11-24", "close": 8.99542, "volume": 460907, "typical_volume": 1024724.75, "trend": 8.629938, "fair_value": 10.55884, "relative_strength": -13.402355, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.160919, "energy": 44.895046, "activity_lines": [ 8.949058, 8.812698, 8.711323, 8.655391 ] }, { "date": "2023-12-01", "close": 9.130894, "volume": 863995, "typical_volume": 1022085.75, "trend": 8.630811, "fair_value": 10.550329, "relative_strength": -12.165224, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.995545, "energy": 48.663414, "activity_lines": [ 9.047201, 8.886549, 8.759019, 8.68771 ] }, { "date": "2023-12-08", "close": 9.185083, "volume": 1161215, "typical_volume": 1036232.1, "trend": 8.642687, "fair_value": 10.543067, "relative_strength": -11.080451, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.497551, "energy": 54.55873, "activity_lines": [ 9.095972, 8.957324, 8.809513, 8.72347 ] }, { "date": "2023-12-15", "close": 9.564408, "volume": 2189798, "typical_volume": 1092270.05, "trend": 8.666614, "fair_value": 10.539419, "relative_strength": -8.834697, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.526875, "energy": 56.469146, "activity_lines": [ 9.277205, 9.087214, 8.892789, 8.782936 ] }, { "date": "2023-12-22", "close": 9.745039, "volume": 1223992, "typical_volume": 1103895.65, "trend": 8.715252, "fair_value": 10.538282, "relative_strength": -7.2983, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.94083, "energy": 64.017211, "activity_lines": [ 9.453019, 9.234346, 8.988074, 8.852511 ] }, { "date": "2023-12-29", "close": 9.743654, "volume": 659059, "typical_volume": 1097478.05, "trend": 8.748121, "fair_value": 10.539896, "relative_strength": -6.966592, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.949737, "energy": 66.553009, "activity_lines": [ 9.592847, 9.363163, 9.076745, 8.91886 ] }, { "date": "2024-01-05", "close": 9.879993, "volume": 916816, "typical_volume": 1098850.15, "trend": 8.782271, "fair_value": 10.537258, "relative_strength": -3.614839, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.446921, "energy": 71.153978, "activity_lines": [ 9.72824, 9.494955, 9.17231, 8.991884 ] }, { "date": "2024-01-12", "close": 9.652762, "volume": 904677, "typical_volume": 1114158.85, "trend": 8.819526, "fair_value": 10.530402, "relative_strength": -6.877649, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.791453, "energy": 61.826551, "activity_lines": [ 9.737949, 9.55342, 9.23864, 9.048045 ] }, { "date": "2024-01-19", "close": 9.661851, "volume": 865824, "typical_volume": 1094369.2, "trend": 8.871918, "fair_value": 10.526928, "relative_strength": -7.104691, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.087268, "energy": 49.43251, "activity_lines": [ 9.719509, 9.606676, 9.29847, 9.102388 ] }, { "date": "2024-01-26", "close": 9.91635, "volume": 1116726, "typical_volume": 1109923.55, "trend": 8.9227, "fair_value": 10.530157, "relative_strength": -4.753605, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.678806, "energy": 45.537866, "activity_lines": [ 9.779405, 9.686535, 9.378289, 9.169771 ] }, { "date": "2024-02-02", "close": 9.56187, "volume": 961464, "typical_volume": 1089434.95, "trend": 8.954791, "fair_value": 10.525028, "relative_strength": -8.495172, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.097637, "energy": 37.382984, "activity_lines": [ 9.709721, 9.689139, 9.419143, 9.211008 ] }, { "date": "2024-02-09", "close": 9.661851, "volume": 835235, "typical_volume": 1094581.8, "trend": 8.989019, "fair_value": 10.518174, "relative_strength": -7.970643, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.953035, "energy": 32.311802, "activity_lines": [ 9.685483, 9.699623, 9.466515, 9.256624 ] }, { "date": "2024-02-16", "close": 9.543691, "volume": 1274398, "typical_volume": 1092094.25, "trend": 9.02439, "fair_value": 10.507972, "relative_strength": -7.916813, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.08619, "energy": 27.565669, "activity_lines": [ 9.636401, 9.678969, 9.496718, 9.29241 ] }, { "date": "2024-02-23", "close": 9.480067, "volume": 744282, "typical_volume": 1051231.65, "trend": 9.057939, "fair_value": 10.490262, "relative_strength": -9.197261, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.433724, "energy": 19.167308, "activity_lines": [ 9.573383, 9.640228, 9.516574, 9.321808 ] }, { "date": "2024-03-01", "close": 9.44371, "volume": 1296553, "typical_volume": 1067186.1, "trend": 9.093265, "fair_value": 10.473841, "relative_strength": -9.654918, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.159524, "energy": 16.512644, "activity_lines": [ 9.510364, 9.596409, 9.529283, 9.346697 ] }, { "date": "2024-03-08", "close": 9.280104, "volume": 955198, "typical_volume": 1055194.2, "trend": 9.120448, "fair_value": 10.452371, "relative_strength": -10.424261, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.110094, "energy": 14.597198, "activity_lines": [ 9.42432, 9.528322, 9.523115, 9.358751 ] }, { "date": "2024-03-15", "close": 9.125587, "volume": 1681083, "typical_volume": 1091581.0, "trend": 9.148457, "fair_value": 10.431263, "relative_strength": -11.50535, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.702941, "energy": 12.571904, "activity_lines": [ 9.305554, 9.44057, 9.498725, 9.359082 ] }, { "date": "2024-03-22", "close": 9.216479, "volume": 881940, "typical_volume": 1074482.8, "trend": 9.185475, "fair_value": 10.411582, "relative_strength": -12.184369, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.218989, "energy": 15.253735, "activity_lines": [ 9.252836, 9.38306, 9.4782, 9.363471 ] }, { "date": "2024-03-29", "close": 9.25271, "volume": 668668, "typical_volume": 1060231.0, "trend": 9.201581, "fair_value": 10.394106, "relative_strength": -11.693201, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.512864, "energy": 15.496651, "activity_lines": [ 9.23401, 9.34007, 9.461406, 9.367809 ] }, { "date": "2024-04-05", "close": 8.987301, "volume": 1016009, "typical_volume": 1033891.95, "trend": 9.207048, "fair_value": 10.375942, "relative_strength": -12.978464, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.496393, "energy": 35.428206, "activity_lines": [ 9.141871, 9.256262, 9.416131, 9.353984 ] }, { "date": "2024-04-12", "close": 8.914085, "volume": 861075, "typical_volume": 1053900.35, "trend": 9.206487, "fair_value": 10.356633, "relative_strength": -11.962138, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.678665, "energy": 36.42664, "activity_lines": [ 9.055754, 9.176035, 9.364954, 9.335083 ] }, { "date": "2024-04-19", "close": 8.502243, "volume": 1760385, "typical_volume": 1098719.85, "trend": 9.209236, "fair_value": 10.335022, "relative_strength": -12.903906, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.287808, "energy": 54.029326, "activity_lines": [ 8.856757, 9.032705, 9.274942, 9.289648 ] }, { "date": "2024-04-26", "close": 8.511395, "volume": 1312209, "typical_volume": 1106269.55, "trend": 9.204842, "fair_value": 10.311441, "relative_strength": -14.600533, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.108012, "energy": 61.424116, "activity_lines": [ 8.702368, 8.912122, 9.188795, 9.244626 ] }, { "date": "2024-05-03", "close": 8.401571, "volume": 1209896, "typical_volume": 1057274.45, "trend": 9.194681, "fair_value": 10.290199, "relative_strength": -15.709812, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.416651, "energy": 75.859196, "activity_lines": [ 8.558376, 8.790341, 9.095396, 9.192802 ] }, { "date": "2024-05-10", "close": 8.26429, "volume": 1680488, "typical_volume": 1080099.25, "trend": 9.178439, "fair_value": 10.270104, "relative_strength": -18.131238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.02848, "energy": 77.712401, "activity_lines": [ 8.425366, 8.663209, 8.99446, 9.132777 ] }, { "date": "2024-05-17", "close": 8.255138, "volume": 1186514, "typical_volume": 1106472.0, "trend": 9.168815, "fair_value": 10.250628, "relative_strength": -19.082202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.155518, "energy": 78.605951, "activity_lines": [ 8.337506, 8.555856, 8.899704, 9.073209 ] }, { "date": "2024-05-24", "close": 7.797536, "volume": 1473961, "typical_volume": 1134329.25, "trend": 9.158088, "fair_value": 10.226415, "relative_strength": -23.160789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.56255, "energy": 84.617326, "activity_lines": [ 8.141043, 8.383939, 8.768455, 8.98474 ] }, { "date": "2024-05-31", "close": 7.742624, "volume": 1693833, "typical_volume": 1173787.05, "trend": 9.106995, "fair_value": 10.199821, "relative_strength": -22.932141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.370336, "energy": 87.536543, "activity_lines": [ 7.973255, 8.226184, 8.641892, 8.893419 ] }, { "date": "2024-06-07", "close": 7.843296, "volume": 1667188, "typical_volume": 1213855.25, "trend": 9.082439, "fair_value": 10.172014, "relative_strength": -22.414329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.767356, "energy": 84.263699, "activity_lines": [ 7.890277, 8.113531, 8.534013, 8.81189 ] }, { "date": "2024-06-14", "close": 7.577887, "volume": 4913992, "typical_volume": 1403718.55, "trend": 9.027963, "fair_value": 10.14752, "relative_strength": -25.823656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.489915, "energy": 77.970998, "activity_lines": [ 7.756047, 7.978247, 8.409517, 8.714822 ] }, { "date": "2024-06-21", "close": 7.559583, "volume": 12511865, "typical_volume": 1981238.6, "trend": 8.980102, "fair_value": 10.120711, "relative_strength": -26.095031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.51496, "energy": 70.905143, "activity_lines": [ 7.661476, 7.865261, 8.294414, 8.620088 ] }, { "date": "2024-06-28", "close": 7.861601, "volume": 4287284, "typical_volume": 2153841.05, "trend": 8.937792, "fair_value": 10.099726, "relative_strength": -22.725351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.070179, "energy": 55.098526, "activity_lines": [ 7.713948, 7.831815, 8.217608, 8.547927 ] }, { "date": "2024-07-05", "close": 7.833919, "volume": 2010152, "typical_volume": 2190628.75, "trend": 8.892753, "fair_value": 10.079803, "relative_strength": -23.993758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.313698, "energy": 50.316263, "activity_lines": [ 7.752921, 7.804983, 8.146739, 8.476709 ] }, { "date": "2024-07-12", "close": 8.000009, "volume": 1407039, "typical_volume": 2223766.6, "trend": 8.840607, "fair_value": 10.063535, "relative_strength": -22.707614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.276461, "energy": 37.554208, "activity_lines": [ 7.841172, 7.820668, 8.09983, 8.419113 ] }, { "date": "2024-07-19", "close": 8.055372, "volume": 1833788, "typical_volume": 2250628.35, "trend": 8.784284, "fair_value": 10.048975, "relative_strength": -20.252375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.058028, "energy": 27.178307, "activity_lines": [ 7.937429, 7.853719, 8.065241, 8.368453 ] }, { "date": "2024-07-26", "close": 8.267599, "volume": 1986283, "typical_volume": 2302182.6, "trend": 8.735082, "fair_value": 10.03279, "relative_strength": -17.153831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.400235, "energy": 20.699139, "activity_lines": [ 8.072597, 7.929156, 8.057476, 8.335118 ] }, { "date": "2024-08-02", "close": 7.935418, "volume": 1714002, "typical_volume": 2303828.55, "trend": 8.670263, "fair_value": 10.016841, "relative_strength": -18.406386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.219521, "energy": 19.349873, "activity_lines": [ 8.049836, 7.94397, 8.022896, 8.283527 ] }, { "date": "2024-08-09", "close": 7.372557, "volume": 2012538, "typical_volume": 2360358.45, "trend": 8.594256, "fair_value": 9.998129, "relative_strength": -23.770588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.056882, "energy": 34.910932, "activity_lines": [ 7.834534, 7.853938, 7.940377, 8.199804 ] }, { "date": "2024-08-16", "close": 7.474057, "volume": 1386745, "typical_volume": 2396262.3, "trend": 8.52133, "fair_value": 9.982039, "relative_strength": -25.236684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.252072, "energy": 39.382208, "activity_lines": [ 7.683822, 7.78909, 7.876305, 8.127533 ] }, { "date": "2024-08-23", "close": 7.889282, "volume": 1459363, "typical_volume": 2418430.0, "trend": 8.453761, "fair_value": 9.964668, "relative_strength": -21.793373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.85221, "energy": 37.35102, "activity_lines": [ 7.706583, 7.80645, 7.860249, 8.086756 ] }, { "date": "2024-08-30", "close": 7.898509, "volume": 1010152, "typical_volume": 2425883.85, "trend": 8.398316, "fair_value": 9.948314, "relative_strength": -21.437556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.070951, "energy": 34.523497, "activity_lines": [ 7.743492, 7.819826, 7.8503, 8.050933 ] }, { "date": "2024-09-06", "close": 7.510966, "volume": 794137, "typical_volume": 2377571.45, "trend": 8.32662, "fair_value": 9.930883, "relative_strength": -21.5451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.798686, "energy": 34.240228, "activity_lines": [ 7.675826, 7.756578, 7.808278, 7.993685 ] }, { "date": "2024-09-13", "close": 7.704738, "volume": 1303637, "typical_volume": 2377142.85, "trend": 8.265321, "fair_value": 9.911766, "relative_strength": -22.059192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.789231, "energy": 26.112202, "activity_lines": [ 7.701047, 7.734936, 7.789432, 7.953563 ] }, { "date": "2024-09-20", "close": 8.322962, "volume": 1546223, "typical_volume": 2393959.2, "trend": 8.226751, "fair_value": 9.894921, "relative_strength": -16.513408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.811315, "energy": 7.817604, "activity_lines": [ 7.910197, 7.828047, 7.833304, 7.957282 ] }, { "date": "2024-09-27", "close": 7.9631, "volume": 1300385, "typical_volume": 2374954.05, "trend": 8.177397, "fair_value": 9.874135, "relative_strength": -19.998047, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.630335, "energy": 8.699487, "activity_lines": [ 7.9428, 7.849857, 7.843279, 7.940272 ] }, { "date": "2024-10-04", "close": 7.963403, "volume": 1253430, "typical_volume": 2378299.85, "trend": 8.133507, "fair_value": 9.855549, "relative_strength": -19.616018, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.636062, "energy": 12.490914, "activity_lines": [ 7.970583, 7.873399, 7.854717, 7.926466 ] }, { "date": "2024-10-11", "close": 7.842464, "volume": 1057544, "typical_volume": 2357479.0, "trend": 8.090736, "fair_value": 9.834328, "relative_strength": -21.121907, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.281881, "energy": 13.201631, "activity_lines": [ 7.953726, 7.880484, 7.856025, 7.907689 ] }, { "date": "2024-10-18", "close": 7.888979, "volume": 2133050, "typical_volume": 2379439.85, "trend": 8.046486, "fair_value": 9.814589, "relative_strength": -20.706045, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.812352, "energy": 7.424514, "activity_lines": [ 7.930275, 7.897716, 7.86155, 7.894672 ] }, { "date": "2024-10-25", "close": 7.628494, "volume": 2682878, "typical_volume": 2430224.35, "trend": 7.992346, "fair_value": 9.791996, "relative_strength": -21.984195, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.79532, "energy": 18.107227, "activity_lines": [ 7.807712, 7.858197, 7.84157, 7.867705 ] }, { "date": "2024-11-01", "close": 7.31219, "volume": 4353587, "typical_volume": 2402204.1, "trend": 7.936509, "fair_value": 9.760503, "relative_strength": -23.401788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.237206, "energy": 44.094251, "activity_lines": [ 7.626013, 7.758361, 7.792489, 7.823824 ] }, { "date": "2024-11-08", "close": 8.354131, "volume": 3321047, "typical_volume": 1942663.2, "trend": 7.917844, "fair_value": 9.741154, "relative_strength": -15.900626, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.35846, "energy": 7.522753, "activity_lines": [ 7.835021, 7.858461, 7.843905, 7.850768 ] }, { "date": "2024-11-15", "close": 8.242495, "volume": 1664453, "typical_volume": 1811521.65, "trend": 7.909186, "fair_value": 9.72323, "relative_strength": -14.605491, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.352727, "energy": 13.241766, "activity_lines": [ 7.980769, 7.92998, 7.880906, 7.871713 ] }, { "date": "2024-11-22", "close": 8.568101, "volume": 1151787, "typical_volume": 1768603.4, "trend": 7.911076, "fair_value": 9.709928, "relative_strength": -12.108754, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.159978, "energy": 51.173672, "activity_lines": [ 8.208383, 8.047399, 7.947103, 7.914223 ] }, { "date": "2024-11-29", "close": 8.568101, "volume": 1436664, "typical_volume": 1770084.65, "trend": 7.916627, "fair_value": 9.696514, "relative_strength": -12.525386, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.37985, "energy": 60.257428, "activity_lines": [ 8.390723, 8.14912, 8.009804, 7.956612 ] }, { "date": "2024-12-06", "close": 8.93092, "volume": 1894024, "typical_volume": 1773096.45, "trend": 7.938848, "fair_value": 9.680524, "relative_strength": -9.014439, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.903241, "energy": 73.084732, "activity_lines": [ 8.631362, 8.312352, 8.104354, 8.022051 ] }, { "date": "2024-12-13", "close": 8.996041, "volume": 1263537, "typical_volume": 1736959.15, "trend": 7.963544, "fair_value": 9.66405, "relative_strength": -7.176809, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.528203, "energy": 75.70247, "activity_lines": [ 8.785792, 8.469827, 8.200936, 8.090257 ] }, { "date": "2024-12-20", "close": 8.530889, "volume": 1624851, "typical_volume": 1732501.6, "trend": 7.98799, "fair_value": 9.641495, "relative_strength": -9.63802, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.565993, "energy": 64.586001, "activity_lines": [ 8.742378, 8.523954, 8.24975, 8.126859 ] }, { "date": "2024-12-27", "close": 8.354131, "volume": 578566, "typical_volume": 1660803.0, "trend": 8.008373, "fair_value": 9.617752, "relative_strength": -11.366927, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.286455, "energy": 41.888536, "activity_lines": [ 8.620818, 8.533426, 8.278894, 8.150481 ] }, { "date": "2025-01-03", "close": 8.260082, "volume": 745687, "typical_volume": 1628750.1, "trend": 8.022266, "fair_value": 9.593349, "relative_strength": -11.109795, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.268664, "energy": 25.218375, "activity_lines": [ 8.482174, 8.517341, 8.294407, 8.166721 ] }, { "date": "2025-01-10", "close": 8.185076, "volume": 1214722, "typical_volume": 1616518.05, "trend": 8.042506, "fair_value": 9.567902, "relative_strength": -9.467209, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.190915, "energy": 19.644089, "activity_lines": [ 8.339061, 8.476135, 8.299033, 8.177225 ] }, { "date": "2025-01-17", "close": 8.278834, "volume": 1254377, "typical_volume": 1628729.3, "trend": 8.066481, "fair_value": 9.547168, "relative_strength": -10.337064, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.924313, "energy": 19.483126, "activity_lines": [ 8.276925, 8.436106, 8.31118, 8.192472 ] }, { "date": "2025-01-24", "close": 8.138197, "volume": 853406, "typical_volume": 1631692.75, "trend": 8.075701, "fair_value": 9.527336, "relative_strength": -12.580947, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.317846, "energy": 16.739459, "activity_lines": [ 8.215723, 8.371875, 8.308122, 8.197098 ] }, { "date": "2025-01-31", "close": 8.194451, "volume": 1062127, "typical_volume": 1619617.25, "trend": 8.087718, "fair_value": 9.500654, "relative_strength": -10.404944, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.393518, "energy": 15.352389, "activity_lines": [ 8.199452, 8.319768, 8.307435, 8.20476 ] }, { "date": "2025-02-07", "close": 8.260082, "volume": 1109214, "typical_volume": 1597766.8, "trend": 8.096387, "fair_value": 9.474279, "relative_strength": -8.863478, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.794771, "energy": 10.584871, "activity_lines": [ 8.215703, 8.286388, 8.310667, 8.21588 ] }, { "date": "2025-02-14", "close": 7.903801, "volume": 1144938, "typical_volume": 1589994.45, "trend": 8.091335, "fair_value": 9.443536, "relative_strength": -13.366318, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.884104, "energy": 11.780405, "activity_lines": [ 8.113194, 8.19383, 8.280266, 8.203455 ] }, { "date": "2025-02-21", "close": 7.603776, "volume": 1172256, "typical_volume": 1585935.75, "trend": 8.069208, "fair_value": 9.414531, "relative_strength": -14.615138, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.901702, "energy": 43.082812, "activity_lines": [ 7.929429, 8.065397, 8.221574, 8.172 ] }, { "date": "2025-02-28", "close": 7.575648, "volume": 3697636, "typical_volume": 1717940.35, "trend": 8.057215, "fair_value": 9.385628, "relative_strength": -13.444675, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.803027, "energy": 51.525982, "activity_lines": [ 7.781291, 7.957164, 8.161915, 8.140157 ] }, { "date": "2025-03-07", "close": 7.838171, "volume": 2440951, "typical_volume": 1733335.4, "trend": 8.072736, "fair_value": 9.356718, "relative_strength": -7.028339, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.962395, "energy": 49.564581, "activity_lines": [ 7.758164, 7.91403, 8.12853, 8.126025 ] }, { "date": "2025-03-14", "close": 7.078731, "volume": 2054783, "typical_volume": 1701930.65, "trend": 8.059558, "fair_value": 9.324066, "relative_strength": -13.455821, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.56641, "energy": 66.574742, "activity_lines": [ 7.505642, 7.742197, 8.023058, 8.061896 ] }, { "date": "2025-03-21", "close": 6.966221, "volume": 1946778, "typical_volume": 1581590.2, "trend": 8.028789, "fair_value": 9.292665, "relative_strength": -14.637161, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.378403, "energy": 81.991417, "activity_lines": [ 7.294374, 7.571387, 7.90949, 7.991358 ] }, { "date": "2025-03-28", "close": 6.769329, "volume": 1287981, "typical_volume": 1479936.9, "trend": 7.99115, "fair_value": 9.257185, "relative_strength": -15.1616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.567601, "energy": 86.020693, "activity_lines": [ 7.079981, 7.386939, 7.778817, 7.910102 ] }, { "date": "2025-04-04", "close": 5.886373, "volume": 1941268, "typical_volume": 1493777.65, "trend": 7.936997, "fair_value": 9.222749, "relative_strength": -18.225047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.323951, "energy": 95.598029, "activity_lines": [ 6.626898, 7.069399, 7.5716, 7.77431 ] }, { "date": "2025-04-11", "close": 6.228163, "volume": 3437752, "typical_volume": 1608075.9, "trend": 7.887778, "fair_value": 9.185265, "relative_strength": -17.451761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.975074, "energy": 89.224413, "activity_lines": [ 6.400364, 6.854946, 7.408153, 7.664063 ] }, { "date": "2025-04-18", "close": 6.465517, "volume": 2246278, "typical_volume": 1648556.6, "trend": 7.825863, "fair_value": 9.146823, "relative_strength": -12.471786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.123113, "energy": 82.011075, "activity_lines": [ 6.360282, 6.719398, 7.278455, 7.572304 ] }, { "date": "2025-04-25", "close": 6.674388, "volume": 1309450, "typical_volume": 1619327.9, "trend": 7.782906, "fair_value": 9.108706, "relative_strength": -13.04362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.748601, "energy": 60.157351, "activity_lines": [ 6.430705, 6.654455, 7.178661, 7.498016 ] }, { "date": "2025-05-02", "close": 6.674388, "volume": 1556130, "typical_volume": 1633957.55, "trend": 7.739939, "fair_value": 9.078702, "relative_strength": -14.946086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.212431, "energy": 50.32058, "activity_lines": [ 6.520583, 6.611865, 7.089613, 7.426498 ] }, { "date": "2025-05-09", "close": 6.626917, "volume": 1928565, "typical_volume": 1649143.25, "trend": 7.699421, "fair_value": 9.053858, "relative_strength": -14.67624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.303582, "energy": 37.367028, "activity_lines": [ 6.600967, 6.577543, 7.007099, 7.35469 ] }, { "date": "2025-05-16", "close": 6.883259, "volume": 1232250, "typical_volume": 1681827.45, "trend": 7.665897, "fair_value": 9.031503, "relative_strength": -15.331759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.265485, "energy": 29.250039, "activity_lines": [ 6.717428, 6.607077, 6.958065, 7.302035 ] }, { "date": "2025-05-23", "close": 6.579446, "volume": 954688, "typical_volume": 1692277.5, "trend": 7.630928, "fair_value": 9.001172, "relative_strength": -16.543153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.403939, "energy": 28.479831, "activity_lines": [ 6.688945, 6.598735, 6.887101, 7.231941 ] }, { "date": "2025-05-30", "close": 6.769329, "volume": 896174, "typical_volume": 1676350.1, "trend": 7.612833, "fair_value": 8.972114, "relative_strength": -15.22715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.006436, "energy": 25.644826, "activity_lines": [ 6.716162, 6.633994, 6.842224, 7.176354 ] }, { "date": "2025-06-06", "close": 6.788318, "volume": 1183284, "typical_volume": 1672795.45, "trend": 7.560639, "fair_value": 8.946559, "relative_strength": -15.949962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.0274, "energy": 22.651394, "activity_lines": [ 6.743379, 6.676287, 6.805897, 7.12316 ] }, { "date": "2025-06-13", "close": 6.598435, "volume": 930446, "typical_volume": 1676647.45, "trend": 7.505837, "fair_value": 8.93111, "relative_strength": -17.645614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.941249, "energy": 26.67583, "activity_lines": [ 6.699706, 6.683709, 6.758584, 7.061082 ] }, { "date": "2025-06-20", "close": 6.569952, "volume": 1168242, "typical_volume": 1681953.2, "trend": 7.439232, "fair_value": 8.914239, "relative_strength": -17.51561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.700737, "energy": 29.84972, "activity_lines": [ 6.648437, 6.673007, 6.71589, 7.000702 ] }, { "date": "2025-06-27", "close": 6.807306, "volume": 1815303, "typical_volume": 1717257.65, "trend": 7.380539, "fair_value": 8.89889, "relative_strength": -16.979542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.670609, "energy": 25.310371, "activity_lines": [ 6.697174, 6.699245, 6.703537, 6.959933 ] }, { "date": "2025-07-04", "close": 6.991373, "volume": 893136, "typical_volume": 1704667.55, "trend": 7.315887, "fair_value": 8.882579, "relative_strength": -15.777906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.637803, "energy": 13.649783, "activity_lines": [ 6.792076, 6.752736, 6.715632, 6.934825 ] }, { "date": "2025-07-11", "close": 7.05869, "volume": 982874, "typical_volume": 1695198.45, "trend": 7.251309, "fair_value": 8.864672, "relative_strength": -14.342222, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.358965, "energy": 9.404741, "activity_lines": [ 6.894613, 6.812703, 6.738483, 6.918232 ] }, { "date": "2025-07-18", "close": 6.789421, "volume": 1009162, "typical_volume": 1560774.75, "trend": 7.19326, "fair_value": 8.843293, "relative_strength": -17.645864, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.521747, "energy": 13.66621, "activity_lines": [ 6.88937, 6.816724, 6.738286, 6.888433 ] }, { "date": "2025-07-25", "close": 6.837505, "volume": 892241, "typical_volume": 1483339.25, "trend": 7.142706, "fair_value": 8.818616, "relative_strength": -17.742952, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.831546, "energy": 12.4986, "activity_lines": [ 6.887422, 6.826534, 6.746411, 6.865481 ] }, { "date": "2025-08-01", "close": 6.395135, "volume": 1293265, "typical_volume": 1445263.35, "trend": 7.080541, "fair_value": 8.787329, "relative_strength": -20.601025, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.814566, "energy": 21.711383, "activity_lines": [ 6.720181, 6.756744, 6.717171, 6.81725 ] }, { "date": "2025-08-08", "close": 6.558619, "volume": 1070430, "typical_volume": 1401445.95, "trend": 7.026326, "fair_value": 8.752301, "relative_strength": -20.106884, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.386741, "energy": 26.712474, "activity_lines": [ 6.634912, 6.72003, 6.706757, 6.783578 ] }, { "date": "2025-08-15", "close": 6.818271, "volume": 982248, "typical_volume": 1386159.3, "trend": 6.97764, "fair_value": 8.722374, "relative_strength": -17.375306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.101284, "energy": 21.044578, "activity_lines": [ 6.665044, 6.734357, 6.723012, 6.770155 ] }, { "date": "2025-08-22", "close": 7.356809, "volume": 1127373, "typical_volume": 1345464.55, "trend": 6.951594, "fair_value": 8.697477, "relative_strength": -10.731634, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.217904, "energy": 4.790184, "activity_lines": [ 6.890717, 6.846055, 6.790323, 6.794618 ] }, { "date": "2025-08-29", "close": 7.337575, "volume": 2106877, "typical_volume": 1278920.8, "trend": 6.923032, "fair_value": 8.676738, "relative_strength": -10.550468, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.804062, "energy": 44.110627, "activity_lines": [ 7.072153, 6.940467, 6.8488, 6.81952 ] }, { "date": "2025-09-05", "close": 7.126007, "volume": 884653, "typical_volume": 1210839.55, "trend": 6.885229, "fair_value": 8.651319, "relative_strength": -13.020692, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.358645, "energy": 46.736813, "activity_lines": [ 7.149728, 6.982455, 6.881846, 6.832615 ] }, { "date": "2025-09-12", "close": 6.837505, "volume": 984368, "typical_volume": 1194585.45, "trend": 6.849686, "fair_value": 8.624388, "relative_strength": -17.396606, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.985802, "energy": 43.613049, "activity_lines": [ 7.082411, 6.966194, 6.884269, 6.829536 ] }, { "date": "2025-09-19", "close": 6.827888, "volume": 2214777, "typical_volume": 1227517.8, "trend": 6.823823, "fair_value": 8.608889, "relative_strength": -17.952426, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 46.935006, "energy": 34.119679, "activity_lines": [ 6.993296, 6.950982, 6.885, 6.82813 ] }, { "date": "2025-09-26", "close": 6.70287, "volume": 1158264, "typical_volume": 1189002.75, "trend": 6.79473, "fair_value": 8.59625, "relative_strength": -18.730419, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.58793, "energy": 13.330204, "activity_lines": [ 6.861867, 6.917236, 6.873094, 6.820326 ] }, { "date": "2025-10-03", "close": 6.383454, "volume": 1654349, "typical_volume": 1210107.7, "trend": 6.74624, "fair_value": 8.577564, "relative_strength": -22.919338, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.631212, "energy": 27.182968, "activity_lines": [ 6.667562, 6.826988, 6.830405, 6.793792 ] }, { "date": "2025-10-10", "close": 6.071591, "volume": 1751750, "typical_volume": 1249960.8, "trend": 6.712668, "fair_value": 8.554288, "relative_strength": -24.350492, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.920564, "energy": 49.34838, "activity_lines": [ 6.432911, 6.688293, 6.760395, 6.750266 ] }, { "date": "2025-10-17", "close": 6.149556, "volume": 1468720, "typical_volume": 1278588.1, "trend": 6.685446, "fair_value": 8.526666, "relative_strength": -24.167975, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.083448, "energy": 64.304236, "activity_lines": [ 6.294542, 6.569656, 6.700229, 6.713937 ] }, { "date": "2025-10-24", "close": 6.383454, "volume": 1602782, "typical_volume": 1299563.0, "trend": 6.672584, "fair_value": 8.494458, "relative_strength": -22.29996, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.153881, "energy": 61.945106, "activity_lines": [ 6.280003, 6.500984, 6.66529, 6.694453 ] }, { "date": "2025-10-31", "close": 6.237268, "volume": 1548309, "typical_volume": 1330456.15, "trend": 6.68428, "fair_value": 8.465765, "relative_strength": -24.156017, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.802274, "energy": 70.206813, "activity_lines": [ 6.246364, 6.413638, 6.618356, 6.666368 ] }, { "date": "2025-11-07", "close": 6.451674, "volume": 1872093, "typical_volume": 1365648.7, "trend": 6.691731, "fair_value": 8.433375, "relative_strength": -19.673214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.853122, "energy": 42.514752, "activity_lines": [ 6.315234, 6.38563, 6.593562, 6.651361 ] }, { "date": "2025-11-14", "close": 6.52964, "volume": 1408278, "typical_volume": 1345297.45, "trend": 6.693868, "fair_value": 8.401091, "relative_strength": -18.224262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.729186, "energy": 26.792449, "activity_lines": [ 6.405544, 6.387905, 6.576756, 6.640904 ] }, { "date": "2025-11-21", "close": 6.510148, "volume": 1229190, "typical_volume": 1362100.15, "trend": 6.688393, "fair_value": 8.370203, "relative_strength": -16.237578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.593094, "energy": 21.730538, "activity_lines": [ 6.458821, 6.397479, 6.559417, 6.629051 ] }, { "date": "2025-11-28", "close": 6.607606, "volume": 763486, "typical_volume": 1351130.75, "trend": 6.686167, "fair_value": 8.338588, "relative_strength": -17.377794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.068931, "energy": 20.325352, "activity_lines": [ 6.520544, 6.430725, 6.55365, 6.623839 ] }, { "date": "2025-12-05", "close": 6.344471, "volume": 1209275, "typical_volume": 1361136.4, "trend": 6.676753, "fair_value": 8.304271, "relative_strength": -20.197309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.652798, "energy": 20.257803, "activity_lines": [ 6.479612, 6.420133, 6.524971, 6.601794 ] }, { "date": "2025-12-12", "close": 6.7343, "volume": 1266735, "typical_volume": 1379861.1, "trend": 6.671787, "fair_value": 8.275046, "relative_strength": -14.065692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.061654, "energy": 13.316645, "activity_lines": [ 6.561476, 6.486936, 6.535538, 6.605507 ] }, { "date": "2025-12-19", "close": 6.812266, "volume": 1461561, "typical_volume": 1388275.9, "trend": 6.679548, "fair_value": 8.248911, "relative_strength": -12.505637, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.947579, "energy": 9.854934, "activity_lines": [ 6.650487, 6.561535, 6.554021, 6.61457 ] }, { "date": "2025-12-26", "close": 6.714809, "volume": 708666, "typical_volume": 1370187.7, "trend": 6.677731, "fair_value": 8.222432, "relative_strength": -14.326857, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.636658, "energy": 13.794342, "activity_lines": [ 6.68817, 6.604948, 6.561236, 6.616845 ] }, { "date": "2026-01-02", "close": 6.71468, "volume": 1545240, "typical_volume": 1398337.3, "trend": 6.675276, "fair_value": 8.197426, "relative_strength": -12.799701, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.255121, "energy": 18.658575, "activity_lines": [ 6.712167, 6.63806, 6.567695, 6.619229 ] }, { "date": "2026-01-09", "close": 6.93192, "volume": 1502882, "typical_volume": 1417112.75, "trend": 6.686392, "fair_value": 8.169846, "relative_strength": -10.740749, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.973819, "energy": 35.46402, "activity_lines": [ 6.801439, 6.704648, 6.595337, 6.635786 ] }, { "date": "2026-01-16", "close": 6.8233, "volume": 1049198, "typical_volume": 1364228.8, "trend": 6.694837, "fair_value": 8.139303, "relative_strength": -11.199726, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.938912, "energy": 32.991858, "activity_lines": [ 6.81534, 6.738857, 6.614658, 6.644619 ] }, { "date": "2026-01-23", "close": 7.04054, "volume": 1157388, "typical_volume": 1377865.55, "trend": 6.702612, "fair_value": 8.105846, "relative_strength": -7.516748, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.250331, "energy": 37.885267, "activity_lines": [ 6.895722, 6.805807, 6.657117, 6.666923 ] }, { "date": "2026-01-30", "close": 7.02079, "volume": 1138156, "typical_volume": 1385554.95, "trend": 6.703592, "fair_value": 8.070394, "relative_strength": -7.557199, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.491553, "energy": 43.95749, "activity_lines": [ 6.954302, 6.859877, 6.698102, 6.68745 ] }, { "date": "2026-02-06", "close": 7.475019, "volume": 1131868, "typical_volume": 1331409.5, "trend": 6.71747, "fair_value": 8.043065, "relative_strength": -0.847749, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 81.797737, "energy": 71.044776, "activity_lines": [ 7.143893, 6.98725, 6.781474, 6.73722 ] }, { "date": "2026-02-13", "close": 7.396023, "volume": 1308874, "typical_volume": 1338940.0, "trend": 6.73769, "fair_value": 8.014834, "relative_strength": -0.220765, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.72695, "energy": 74.086091, "activity_lines": [ 7.256463, 7.084489, 6.854241, 6.780997 ] }, { "date": "2026-02-20", "close": 7.376274, "volume": 930955, "typical_volume": 1302770.3, "trend": 6.755649, "fair_value": 7.990555, "relative_strength": -1.224736, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.063327, "energy": 73.209767, "activity_lines": [ 7.331509, 7.159018, 6.921827, 6.822196 ] }, { "date": "2026-02-27", "close": 7.613262, "volume": 1681560, "typical_volume": 1299260.8, "trend": 6.796253, "fair_value": 7.969043, "relative_strength": 2.788629, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.62599, "energy": 75.216981, "activity_lines": [ 7.448687, 7.264963, 7.007255, 6.877526 ] }, { "date": "2026-03-06", "close": 7.929247, "volume": 2196350, "typical_volume": 1335642.3, "trend": 6.841941, "fair_value": 7.958395, "relative_strength": 9.607611, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.242221, "energy": 71.334991, "activity_lines": [ 7.633011, 7.413797, 7.115436, 6.950623 ] }, { "date": "2026-03-13", "close": 7.405897, "volume": 1620424, "typical_volume": 1336524.4, "trend": 6.861528, "fair_value": 7.951191, "relative_strength": 4.220233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.17458, "energy": 49.217948, "activity_lines": [ 7.582322, 7.445395, 7.165299, 6.987007 ] }, { "date": "2026-03-20", "close": 7.504642, "volume": 1272325, "typical_volume": 1322725.2, "trend": 6.866456, "fair_value": 7.943374, "relative_strength": 7.723574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.603879, "energy": 45.680958, "activity_lines": [ 7.569156, 7.48238, 7.219697, 7.028498 ] }, { "date": "2026-03-27", "close": 7.623137, "volume": 1208663, "typical_volume": 1289553.7, "trend": 6.875975, "fair_value": 7.932393, "relative_strength": 11.983447, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.748274, "energy": 42.565488, "activity_lines": [ 7.588247, 7.530496, 7.279346, 7.077316 ] }, { "date": "2026-04-03", "close": 7.94, "volume": 966067, "typical_volume": 1267443.15, "trend": 6.903108, "fair_value": 7.923615, "relative_strength": 12.706429, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.425578, "energy": 43.896266, "activity_lines": [ 7.696501, 7.621681, 7.363594, 7.145963 ] }, { "date": "2026-04-10", "close": 8.6, "volume": 1081173, "typical_volume": 1260042.3, "trend": 6.961858, "fair_value": 7.919638, "relative_strength": 17.648622, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.834877, "energy": 63.482475, "activity_lines": [ 8.002973, 7.816512, 7.503983, 7.25544 ] }, { "date": "2026-04-17", "close": 8.74, "volume": 1550088, "typical_volume": 1299372.4, "trend": 7.025595, "fair_value": 7.916616, "relative_strength": 14.422018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.986241, "energy": 81.512257, "activity_lines": [ 8.311394, 8.008084, 7.647753, 7.370159 ] }, { "date": "2026-04-24", "close": 8.61, "volume": 1103050, "typical_volume": 1294061.15, "trend": 7.089166, "fair_value": 7.913387, "relative_strength": 12.160304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.896084, "energy": 83.186537, "activity_lines": [ 8.487542, 8.153021, 7.768989, 7.472379 ] }, { "date": "2026-05-01", "close": 8.694284, "volume": 1399863, "typical_volume": 1300717.55, "trend": 7.166193, "fair_value": 7.910757, "relative_strength": 12.172998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.528152, "energy": 84.166908, "activity_lines": [ 8.618095, 8.29121, 7.887463, 7.575935 ] }, { "date": "2026-05-08", "close": 9.845581, "volume": 2737252, "typical_volume": 1364502.1, "trend": 7.291993, "fair_value": 7.917274, "relative_strength": 23.779102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.647231, "energy": 92.231381, "activity_lines": [ 9.061003, 8.614761, 8.106251, 7.748798 ] }, { "date": "2026-05-15", "close": 9.815806, "volume": 2722198, "typical_volume": 1465178.7, "trend": 7.414201, "fair_value": 7.923487, "relative_strength": 22.803798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.413449, "energy": 89.651089, "activity_lines": [ 9.366947, 8.892312, 8.307759, 7.911625 ] }, { "date": "2026-05-22", "close": 10.61973, "volume": 2732330, "typical_volume": 1524533.2, "trend": 7.55541, "fair_value": 7.938448, "relative_strength": 31.067511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.93124, "energy": 93.593687, "activity_lines": [ 9.859812, 9.281729, 8.571065, 8.118433 ] }, { "date": "2026-05-29", "close": 10.768605, "volume": 1277349, "typical_volume": 1513256.55, "trend": 7.706455, "fair_value": 7.951339, "relative_strength": 30.396279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.290819, "energy": 94.281535, "activity_lines": [ 10.276987, 9.639781, 8.829954, 8.325736 ] }, { "date": "2026-06-05", "close": 11.354179, "volume": 2080146, "typical_volume": 1564803.95, "trend": 7.869872, "fair_value": 7.967356, "relative_strength": 40.045092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.541562, "energy": 95.822458, "activity_lines": [ 10.745447, 10.044957, 9.126342, 8.561073 ] }, { "date": "2026-06-12", "close": 12.763526, "volume": 2831660, "typical_volume": 1648517.55, "trend": 8.077668, "fair_value": 7.994461, "relative_strength": 54.903379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.638276, "energy": 98.441196, "activity_lines": [ 11.506362, 10.63854, 9.535377, 8.876793 ] }, { "date": "2026-06-19", "close": 13.259775, "volume": 2262717, "typical_volume": 1704745.6, "trend": 8.302656, "fair_value": 8.0276, "relative_strength": 57.653126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.97287, "energy": 97.6143, "activity_lines": [ 12.238164, 11.23465, 9.964423, 9.211122 ] }, { "date": "2026-06-26", "close": 13.478125, "volume": 2528149, "typical_volume": 1774559.65, "trend": 8.531673, "fair_value": 8.060198, "relative_strength": 62.131398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.144531, "energy": 95.501905, "activity_lines": [ 12.813151, 11.785736, 10.384554, 9.545023 ] }, { "date": "2026-07-03", "close": 13.04, "volume": 1417857, "typical_volume": 1780008.8, "trend": 8.754857, "fair_value": 8.088665, "relative_strength": 51.945582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.570735, "energy": 85.945055, "activity_lines": [ 13.051537, 12.171016, 10.734372, 9.835883 ] }, { "date": "2026-07-10", "close": 12.86, "volume": 1755545, "typical_volume": 1821238.3, "trend": 8.959047, "fair_value": 8.115748, "relative_strength": 46.463107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.125963, "energy": 74.926062, "activity_lines": [ 13.078497, 12.443023, 11.040172, 10.100731 ] }, { "date": "2026-07-17", "close": 13.37, "volume": 1404316, "typical_volume": 1807376.1, "trend": 9.177638, "fair_value": 8.147078, "relative_strength": 52.878185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.567836, "energy": 69.282633, "activity_lines": [ 13.175068, 12.732017, 11.36843, 10.385309 ] }, { "date": "2026-07-24", "close": 13.5, "volume": 1942963, "typical_volume": 1794706.75, "trend": 9.403811, "fair_value": 8.179299, "relative_strength": 53.415227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.903616, "energy": 68.29988, "activity_lines": [ 13.274542, 12.980567, 11.681656, 10.664171 ] }, { "date": "2026-07-31", "close": 13.33, "volume": 1579403, "typical_volume": 1792655.7, "trend": 9.624322, "fair_value": 8.211004, "relative_strength": 48.06094, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.259254, "energy": 64.480895, "activity_lines": [ 13.301333, 13.131223, 11.952164, 10.917473 ] }, { "date": "2026-08-07", "close": 12.59, "volume": 1921188, "typical_volume": 1825098.85, "trend": 9.812925, "fair_value": 8.237449, "relative_strength": 33.843221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.070386, "energy": 58.329487, "activity_lines": [ 13.091333, 13.098056, 12.123986, 11.108807 ] } ], "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." } } }