{ "ticker": { "uuid": "3e9fa047-434b-4af9-a00e-6953fa307ce4", "symbol": "VAMO3", "name": "Vamos Loca\u00e7\u00e3o de Caminh\u00f5es, M\u00e1quinas e Equipamentos S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -35.132, "architecture_energy": 26.115, "architecture_maturity": 76.353, "architecture_confidence": 75.68, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 38.14, "rotation_up": 31.34, "upward_expansion": 20.61, "deceleration": 46.53, "rotation_down": 23.33, "downward_expansion": 56.94 }, "activity_lines": [ 3.174, 3.082364, 3.192571, 3.363952 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 3.08, "trend_reference": 3.589782, "distance_from_trend": -0.142009, "trend_direction": "Weakening", "fair_value": 5.441338, "distance_from_fair_value": -0.433963, "fair_value_direction": "Weakening", "relative_strength": -15.860751, "relative_strength_direction": "Weakening", "price_momentum": -0.309417, "excess_performance": -0.252369, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.142009, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.035665, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.433963, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.049658, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.158608, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.000968, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.309417, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.587227, "read": "Supply-led" } ], "volume": { "latest": 47692300, "relative_activity": 0.890119, "balance": 0.587227, "dry_up": 0.93269, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.088911, "annualized_volatility": 0.536806, "from_high_reference": -0.376518, "from_low_reference": 0.149254 }, "levels": { "trend_reference": 3.589782, "fair_value_reference": 5.441338, "structural_low": 2.68, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": -0.002604, "positive_rate": 0.481481, "directional_follow_through": 0.518519, "median_excess_return": -0.018973, "regime_survival": 0.814815, "best_return": 0.258621, "worst_return": -0.24359, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.041294, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.120285, "regime_survival": 0.7, "best_return": 0.274451, "worst_return": -0.248399, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.190313, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.258231, "regime_survival": 0.6, "best_return": -0.02093, "worst_return": -0.290683, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.276479, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.452906, "regime_survival": 0.666667, "best_return": -0.137874, "worst_return": -0.425675, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-09-06", "tenure": "New", "return": -0.09842, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-13", "end": "2024-09-20", "tenure": "New", "return": -0.102459, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2025-04-11", "tenure": "Extended", "return": -0.214529, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-04-25", "tenure": "New", "return": 0.074148, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-02", "end": "2025-05-09", "tenure": "New", "return": -0.126733, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-07-11", "tenure": "Developing", "return": -0.138767, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-11-28", "tenure": "Established", "return": -0.002604, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2026-01-30", "tenure": "Developing", "return": 0.062991, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": -0.020179, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.316916, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-01", "tenure": "Developing", "return": 0.050398, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": -0.135638, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.009804, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.149254, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.25953, "volume": 27323300, "typical_volume": 32962785.2, "trend": 11.349125, "fair_value": 11.029522, "relative_strength": -14.469353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.847636, "energy": 31.295499, "activity_lines": [ 10.43347, 10.471166, 10.811277, 11.012567 ] }, { "date": "2023-08-25", "close": 10.294908, "volume": 27666900, "typical_volume": 33384087.25, "trend": 11.277668, "fair_value": 11.02404, "relative_strength": -14.180354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.311315, "energy": 29.636828, "activity_lines": [ 10.376276, 10.412457, 10.745803, 10.944553 ] }, { "date": "2023-09-01", "close": 10.577929, "volume": 32804900, "typical_volume": 33614536.0, "trend": 11.21098, "fair_value": 11.020735, "relative_strength": -12.998501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.568689, "energy": 27.929709, "activity_lines": [ 10.430522, 10.43481, 10.709702, 10.899409 ] }, { "date": "2023-09-08", "close": 9.419309, "volume": 53646000, "typical_volume": 35510989.9, "trend": 11.111503, "fair_value": 11.00896, "relative_strength": -20.376589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.130104, "energy": 48.23671, "activity_lines": [ 10.08382, 10.247147, 10.572533, 10.783817 ] }, { "date": "2023-09-15", "close": 9.375087, "volume": 44286700, "typical_volume": 36567257.05, "trend": 10.997722, "fair_value": 10.997034, "relative_strength": -22.547876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.156012, "energy": 58.181792, "activity_lines": [ 9.809054, 10.074922, 10.440948, 10.67179 ] }, { "date": "2023-09-22", "close": 8.579088, "volume": 59327400, "typical_volume": 37518936.4, "trend": 10.890065, "fair_value": 10.979512, "relative_strength": -26.995351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.427418, "energy": 77.340783, "activity_lines": [ 9.340299, 9.778875, 10.239811, 10.515749 ] }, { "date": "2023-09-29", "close": 8.623311, "volume": 30737600, "typical_volume": 37255414.0, "trend": 10.788255, "fair_value": 10.962561, "relative_strength": -26.516818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.367099, "energy": 82.911754, "activity_lines": [ 8.998314, 9.518045, 10.049519, 10.369507 ] }, { "date": "2023-10-06", "close": 7.473536, "volume": 67191900, "typical_volume": 39021055.45, "trend": 10.617504, "fair_value": 10.93764, "relative_strength": -34.439917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.028907, "energy": 92.005236, "activity_lines": [ 8.384511, 9.083221, 9.757052, 10.155654 ] }, { "date": "2023-10-13", "close": 7.56198, "volume": 28738800, "typical_volume": 39397463.05, "trend": 10.478567, "fair_value": 10.913699, "relative_strength": -33.953439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.776493, "energy": 91.596734, "activity_lines": [ 8.007149, 8.716901, 9.491902, 9.958524 ] }, { "date": "2023-10-20", "close": 7.10207, "volume": 38115700, "typical_volume": 39983309.4, "trend": 10.344419, "fair_value": 10.886856, "relative_strength": -35.96852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.465034, "energy": 92.309175, "activity_lines": [ 7.600306, 8.324369, 9.20255, 9.740685 ] }, { "date": "2023-10-27", "close": 6.792516, "volume": 41169700, "typical_volume": 41045011.9, "trend": 10.181583, "fair_value": 10.858225, "relative_strength": -38.181579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.582933, "energy": 92.074995, "activity_lines": [ 7.241812, 7.936341, 8.906715, 9.51153 ] }, { "date": "2023-11-03", "close": 8.030734, "volume": 38112500, "typical_volume": 41087867.75, "trend": 10.089178, "fair_value": 10.838589, "relative_strength": -29.207534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.903819, "energy": 72.087837, "activity_lines": [ 7.415163, 7.836479, 8.757367, 9.372766 ] }, { "date": "2023-11-10", "close": 7.933446, "volume": 52366600, "typical_volume": 40774590.0, "trend": 9.93609, "fair_value": 10.818554, "relative_strength": -30.991103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.977696, "energy": 58.410847, "activity_lines": [ 7.595589, 7.760095, 8.617288, 9.233686 ] }, { "date": "2023-11-17", "close": 8.641, "volume": 41582100, "typical_volume": 39091290.0, "trend": 9.841577, "fair_value": 10.803639, "relative_strength": -27.036046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.111698, "energy": 39.661994, "activity_lines": [ 7.981206, 7.860439, 8.557357, 9.150132 ] }, { "date": "2023-11-24", "close": 8.366822, "volume": 40064600, "typical_volume": 39215775.0, "trend": 9.764165, "fair_value": 10.787062, "relative_strength": -29.133878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.13456, "energy": 25.725542, "activity_lines": [ 8.203495, 7.925084, 8.481168, 9.054987 ] }, { "date": "2023-12-01", "close": 8.313756, "volume": 25800500, "typical_volume": 39008870.0, "trend": 9.708894, "fair_value": 10.770351, "relative_strength": -30.475598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.086871, "energy": 24.888006, "activity_lines": [ 8.32378, 7.998412, 8.410202, 8.961412 ] }, { "date": "2023-12-08", "close": 8.207623, "volume": 18843600, "typical_volume": 38328645.0, "trend": 9.643742, "fair_value": 10.753151, "relative_strength": -30.453642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.643455, "energy": 24.105452, "activity_lines": [ 8.30727, 8.057268, 8.33751, 8.864556 ] }, { "date": "2023-12-15", "close": 8.791355, "volume": 27927500, "typical_volume": 38453170.0, "trend": 9.555414, "fair_value": 10.740072, "relative_strength": -26.856013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.392931, "energy": 19.733695, "activity_lines": [ 8.473545, 8.229814, 8.331571, 8.809563 ] }, { "date": "2023-12-22", "close": 8.887002, "volume": 79023300, "typical_volume": 40277885.0, "trend": 9.462389, "fair_value": 10.727801, "relative_strength": -27.000009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.903029, "energy": 13.481799, "activity_lines": [ 8.614509, 8.395791, 8.342197, 8.76644 ] }, { "date": "2023-12-29", "close": 9.197545, "volume": 23560900, "typical_volume": 39914525.0, "trend": 9.371247, "fair_value": 10.717733, "relative_strength": -24.751355, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.947392, "energy": 14.689745, "activity_lines": [ 8.842587, 8.594139, 8.391124, 8.749353 ] }, { "date": "2024-01-05", "close": 8.969205, "volume": 19122800, "typical_volume": 39504500.0, "trend": 9.243876, "fair_value": 10.706305, "relative_strength": -24.975176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.320094, "energy": 18.699043, "activity_lines": [ 8.93917, 8.712871, 8.424245, 8.723415 ] }, { "date": "2024-01-12", "close": 8.67693, "volume": 23198200, "typical_volume": 39281065.0, "trend": 9.135672, "fair_value": 10.693127, "relative_strength": -26.295872, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.391875, "energy": 16.270825, "activity_lines": [ 8.894631, 8.738885, 8.435676, 8.686838 ] }, { "date": "2024-01-19", "close": 7.763569, "volume": 36821900, "typical_volume": 39481915.0, "trend": 9.040681, "fair_value": 10.674227, "relative_strength": -31.667369, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.320054, "energy": 17.392858, "activity_lines": [ 8.514351, 8.587086, 8.367824, 8.598315 ] }, { "date": "2024-01-26", "close": 7.471294, "volume": 23904700, "typical_volume": 37994850.0, "trend": 8.932704, "fair_value": 10.653695, "relative_strength": -34.170036, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.348864, "energy": 35.788049, "activity_lines": [ 8.105166, 8.385233, 8.285538, 8.497064 ] }, { "date": "2024-02-02", "close": 7.242953, "volume": 31889600, "typical_volume": 37374995.0, "trend": 8.823307, "fair_value": 10.656385, "relative_strength": -34.441126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.736769, "energy": 64.971771, "activity_lines": [ 7.714248, 8.163132, 8.190782, 8.388048 ] }, { "date": "2024-02-09", "close": 7.26122, "volume": 36944400, "typical_volume": 36255845.0, "trend": 8.729554, "fair_value": 10.657873, "relative_strength": -33.860234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.388981, "energy": 74.810658, "activity_lines": [ 7.459724, 7.964786, 8.107918, 8.287268 ] }, { "date": "2024-02-16", "close": 7.553496, "volume": 18762100, "typical_volume": 35657070.0, "trend": 8.629624, "fair_value": 10.658516, "relative_strength": -30.665304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.859219, "energy": 74.756273, "activity_lines": [ 7.416492, 7.838718, 8.059166, 8.211393 ] }, { "date": "2024-02-23", "close": 7.955375, "volume": 36888400, "typical_volume": 34141895.0, "trend": 8.549576, "fair_value": 10.663081, "relative_strength": -26.531575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.71634, "energy": 61.622487, "activity_lines": [ 7.582115, 7.797612, 8.053783, 8.167893 ] }, { "date": "2024-03-01", "close": 7.99191, "volume": 25269200, "typical_volume": 33968415.0, "trend": 8.458659, "fair_value": 10.669334, "relative_strength": -25.188185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.666826, "energy": 32.861069, "activity_lines": [ 7.747129, 7.778349, 8.049584, 8.131915 ] }, { "date": "2024-03-08", "close": 7.489561, "volume": 23633300, "typical_volume": 33244295.0, "trend": 8.360135, "fair_value": 10.674425, "relative_strength": -27.673773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.863941, "energy": 26.861592, "activity_lines": [ 7.709985, 7.684024, 7.995496, 8.069392 ] }, { "date": "2024-03-15", "close": 7.562629, "volume": 30063000, "typical_volume": 32688960.0, "trend": 8.270239, "fair_value": 10.674723, "relative_strength": -25.809499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.538132, "energy": 23.741337, "activity_lines": [ 7.680758, 7.634038, 7.946521, 8.01794 ] }, { "date": "2024-03-22", "close": 7.809237, "volume": 50485100, "typical_volume": 33307590.0, "trend": 8.187383, "fair_value": 10.676589, "relative_strength": -22.616498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.267966, "energy": 21.642178, "activity_lines": [ 7.713639, 7.654464, 7.917365, 7.988198 ] }, { "date": "2024-03-29", "close": 7.626565, "volume": 42670300, "typical_volume": 32822775.0, "trend": 8.089004, "fair_value": 10.678373, "relative_strength": -24.050433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.429465, "energy": 24.649581, "activity_lines": [ 7.668579, 7.657453, 7.871867, 7.952017 ] }, { "date": "2024-04-05", "close": 7.306889, "volume": 37476400, "typical_volume": 32617490.0, "trend": 8.01859, "fair_value": 10.676157, "relative_strength": -25.577405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.843998, "energy": 32.6539, "activity_lines": [ 7.538882, 7.60481, 7.797385, 7.901558 ] }, { "date": "2024-04-12", "close": 7.398225, "volume": 36821300, "typical_volume": 32455325.0, "trend": 7.952695, "fair_value": 10.671094, "relative_strength": -23.008749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.949973, "energy": 31.516016, "activity_lines": [ 7.485299, 7.571763, 7.737954, 7.861534 ] }, { "date": "2024-04-19", "close": 6.749738, "volume": 49063000, "typical_volume": 33618450.0, "trend": 7.891716, "fair_value": 10.661874, "relative_strength": -28.283308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.460432, "energy": 60.791233, "activity_lines": [ 7.221642, 7.417987, 7.621375, 7.783924 ] }, { "date": "2024-04-26", "close": 6.621868, "volume": 42554400, "typical_volume": 34803990.0, "trend": 7.825002, "fair_value": 10.648336, "relative_strength": -29.520254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.741688, "energy": 70.864843, "activity_lines": [ 6.969554, 7.25026, 7.500066, 7.701998 ] }, { "date": "2024-05-03", "close": 6.831941, "volume": 39506100, "typical_volume": 35382920.0, "trend": 7.803615, "fair_value": 10.628877, "relative_strength": -27.625308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.542925, "energy": 68.235495, "activity_lines": [ 6.866649, 7.137668, 7.406314, 7.63793 ] }, { "date": "2024-05-10", "close": 7.352557, "volume": 57333900, "typical_volume": 34298450.0, "trend": 7.796634, "fair_value": 10.614302, "relative_strength": -20.80742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.321823, "energy": 56.739923, "activity_lines": [ 6.990257, 7.140159, 7.371476, 7.608829 ] }, { "date": "2024-05-17", "close": 7.781837, "volume": 26145700, "typical_volume": 34427690.0, "trend": 7.819293, "fair_value": 10.599398, "relative_strength": -15.594076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.097364, "energy": 22.903684, "activity_lines": [ 7.253914, 7.232325, 7.384829, 7.607875 ] }, { "date": "2024-05-24", "close": 7.453026, "volume": 28928800, "typical_volume": 34917990.0, "trend": 7.84131, "fair_value": 10.578402, "relative_strength": -15.637652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.805751, "energy": 17.676417, "activity_lines": [ 7.382393, 7.259394, 7.373608, 7.584244 ] }, { "date": "2024-05-31", "close": 7.407358, "volume": 20390800, "typical_volume": 34777620.0, "trend": 7.820531, "fair_value": 10.554557, "relative_strength": -13.578111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.721145, "energy": 19.900946, "activity_lines": [ 7.448764, 7.280152, 7.365257, 7.556248 ] }, { "date": "2024-06-07", "close": 7.014613, "volume": 39189300, "typical_volume": 34895990.0, "trend": 7.789903, "fair_value": 10.531558, "relative_strength": -16.080849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.834379, "energy": 19.81287, "activity_lines": [ 7.331854, 7.236809, 7.325547, 7.504253 ] }, { "date": "2024-06-14", "close": 6.67667, "volume": 33852000, "typical_volume": 35393355.0, "trend": 7.724426, "fair_value": 10.501682, "relative_strength": -18.374687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.260623, "energy": 31.058849, "activity_lines": [ 7.090118, 7.143148, 7.257219, 7.432431 ] }, { "date": "2024-06-21", "close": 6.850208, "volume": 24123600, "typical_volume": 35005055.0, "trend": 7.673872, "fair_value": 10.471156, "relative_strength": -16.643895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.965716, "energy": 41.243029, "activity_lines": [ 6.951287, 7.092498, 7.209203, 7.37603 ] }, { "date": "2024-06-28", "close": 6.914144, "volume": 29013200, "typical_volume": 34608495.0, "trend": 7.627218, "fair_value": 10.432414, "relative_strength": -16.783585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.807811, "energy": 46.606205, "activity_lines": [ 6.895876, 7.063437, 7.169145, 7.327015 ] }, { "date": "2024-07-05", "close": 8.22025, "volume": 39704900, "typical_volume": 35655635.0, "trend": 7.627639, "fair_value": 10.401397, "relative_strength": -2.256439, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.288284, "energy": 3.560648, "activity_lines": [ 7.31176, 7.26886, 7.255132, 7.365276 ] }, { "date": "2024-07-12", "close": 8.357253, "volume": 45255000, "typical_volume": 36073965.0, "trend": 7.613169, "fair_value": 10.366145, "relative_strength": -2.068429, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.146249, "energy": 25.015374, "activity_lines": [ 7.719119, 7.470131, 7.350991, 7.412347 ] }, { "date": "2024-07-19", "close": 8.201982, "volume": 36354900, "typical_volume": 36628250.0, "trend": 7.590335, "fair_value": 10.322132, "relative_strength": -2.255986, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.516491, "energy": 38.031371, "activity_lines": [ 7.985211, 7.615439, 7.430149, 7.450335 ] }, { "date": "2024-07-26", "close": 8.165448, "volume": 28354400, "typical_volume": 36864305.0, "trend": 7.555932, "fair_value": 10.275408, "relative_strength": -1.962321, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.753403, "energy": 49.686699, "activity_lines": [ 8.137438, 7.738659, 7.504827, 7.487439 ] }, { "date": "2024-08-02", "close": 8.229383, "volume": 47194000, "typical_volume": 37720855.0, "trend": 7.531271, "fair_value": 10.238825, "relative_strength": 0.812638, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.038973, "energy": 56.484376, "activity_lines": [ 8.223294, 7.86653, 7.582376, 7.530888 ] }, { "date": "2024-08-09", "close": 7.745302, "volume": 76210400, "typical_volume": 39007120.0, "trend": 7.500217, "fair_value": 10.205424, "relative_strength": -7.778401, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 56.938962, "energy": 46.762162, "activity_lines": [ 8.060107, 7.89227, 7.610646, 7.544696 ] }, { "date": "2024-08-16", "close": 7.544363, "volume": 31579100, "typical_volume": 38452560.0, "trend": 7.49291, "fair_value": 10.167114, "relative_strength": -11.547631, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 39.924163, "energy": 22.755471, "activity_lines": [ 7.861603, 7.875331, 7.620084, 7.547545 ] }, { "date": "2024-08-23", "close": 7.516961, "volume": 33358900, "typical_volume": 38246685.0, "trend": 7.494432, "fair_value": 10.127552, "relative_strength": -12.056217, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.160375, "energy": 16.122944, "activity_lines": [ 7.708158, 7.843779, 7.627304, 7.549096 ] }, { "date": "2024-08-30", "close": 6.941544, "volume": 31361400, "typical_volume": 37973690.0, "trend": 7.484385, "fair_value": 10.088069, "relative_strength": -18.057532, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.539438, "energy": 17.600021, "activity_lines": [ 7.408576, 7.692327, 7.578722, 7.513426 ] }, { "date": "2024-09-06", "close": 6.777139, "volume": 29273600, "typical_volume": 36984220.0, "trend": 7.468249, "fair_value": 10.047641, "relative_strength": -18.357386, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.986057, "energy": 31.673193, "activity_lines": [ 7.135785, 7.509322, 7.516657, 7.467797 ] }, { "date": "2024-09-13", "close": 6.685803, "volume": 41214300, "typical_volume": 36917215.0, "trend": 7.439326, "fair_value": 10.004312, "relative_strength": -18.900089, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.160462, "energy": 49.632977, "activity_lines": [ 6.929366, 7.312203, 7.445763, 7.417317 ] }, { "date": "2024-09-20", "close": 6.000782, "volume": 40515600, "typical_volume": 36967690.0, "trend": 7.374173, "fair_value": 9.953954, "relative_strength": -24.419799, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.83462, "energy": 76.686723, "activity_lines": [ 6.565239, 7.018432, 7.309324, 7.324508 ] }, { "date": "2024-09-27", "close": 5.936847, "volume": 30820900, "typical_volume": 35642040.0, "trend": 7.305671, "fair_value": 9.910077, "relative_strength": -25.471019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.008094, "energy": 80.336536, "activity_lines": [ 6.282706, 6.755883, 7.170754, 7.231777 ] }, { "date": "2024-10-04", "close": 5.151356, "volume": 129935700, "typical_volume": 40831540.0, "trend": 7.227731, "fair_value": 9.859388, "relative_strength": -34.316453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.615499, "energy": 90.042862, "activity_lines": [ 5.843684, 6.391701, 6.964117, 7.092789 ] }, { "date": "2024-10-11", "close": 5.114822, "volume": 52798000, "typical_volume": 42025000.0, "trend": 7.146137, "fair_value": 9.80615, "relative_strength": -33.319366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.738279, "energy": 92.217619, "activity_lines": [ 5.511829, 6.075678, 6.766527, 6.956472 ] }, { "date": "2024-10-18", "close": 5.306628, "volume": 44397500, "typical_volume": 43225335.0, "trend": 7.062717, "fair_value": 9.77266, "relative_strength": -30.587683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.888683, "energy": 88.155592, "activity_lines": [ 5.354731, 5.851157, 6.598338, 6.837794 ] }, { "date": "2024-10-25", "close": 5.772442, "volume": 50183700, "typical_volume": 43775055.0, "trend": 7.000913, "fair_value": 9.748671, "relative_strength": -23.754211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.921479, "energy": 81.514113, "activity_lines": [ 5.44485, 5.755669, 6.484516, 6.754551 ] }, { "date": "2024-11-01", "close": 5.270093, "volume": 34230700, "typical_volume": 43793990.0, "trend": 6.933019, "fair_value": 9.714785, "relative_strength": -28.796422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.047421, "energy": 66.234574, "activity_lines": [ 5.382741, 5.601062, 6.328766, 6.642885 ] }, { "date": "2024-11-08", "close": 5.215292, "volume": 37260200, "typical_volume": 44450820.0, "trend": 6.860255, "fair_value": 9.679256, "relative_strength": -28.784587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.64758, "energy": 58.793596, "activity_lines": [ 5.346816, 5.477343, 6.174495, 6.532064 ] }, { "date": "2024-11-15", "close": 5.050887, "volume": 55827600, "typical_volume": 45791540.0, "trend": 6.803627, "fair_value": 9.642351, "relative_strength": -30.317387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.771489, "energy": 58.369756, "activity_lines": [ 5.251826, 5.355119, 6.012351, 6.41533 ] }, { "date": "2024-11-22", "close": 5.571502, "volume": 28905400, "typical_volume": 45251565.0, "trend": 6.768614, "fair_value": 9.617342, "relative_strength": -23.318106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.920826, "energy": 51.968801, "activity_lines": [ 5.334637, 5.358938, 5.908663, 6.335838 ] }, { "date": "2024-11-29", "close": 5.288361, "volume": 59476700, "typical_volume": 45962650.0, "trend": 6.717162, "fair_value": 9.587773, "relative_strength": -24.624435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.272997, "energy": 48.758623, "activity_lines": [ 5.30541, 5.331538, 5.790622, 6.240338 ] }, { "date": "2024-12-06", "close": 5.074967, "volume": 39995000, "typical_volume": 46144655.0, "trend": 6.641242, "fair_value": 9.548727, "relative_strength": -27.216805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.759746, "energy": 50.14536, "activity_lines": [ 5.237323, 5.278291, 5.666872, 6.13439 ] }, { "date": "2024-12-13", "close": 5.362229, "volume": 67057400, "typical_volume": 48079805.0, "trend": 6.560588, "fair_value": 9.511468, "relative_strength": -21.606807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.529989, "energy": 39.053522, "activity_lines": [ 5.277999, 5.292945, 5.58537, 6.051873 ] }, { "date": "2024-12-20", "close": 4.787704, "volume": 84525700, "typical_volume": 49946390.0, "trend": 6.471744, "fair_value": 9.475557, "relative_strength": -27.866396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.199394, "energy": 47.148237, "activity_lines": [ 5.117371, 5.199305, 5.4625, 5.937493 ] }, { "date": "2024-12-27", "close": 4.462141, "volume": 31793800, "typical_volume": 47725560.0, "trend": 6.373571, "fair_value": 9.438653, "relative_strength": -30.979087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.092917, "energy": 52.706145, "activity_lines": [ 4.865767, 5.05242, 5.325014, 5.807842 ] }, { "date": "2025-01-03", "close": 4.385537, "volume": 22309000, "typical_volume": 47262055.0, "trend": 6.285935, "fair_value": 9.41099, "relative_strength": -30.400144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.957357, "energy": 65.236734, "activity_lines": [ 4.662586, 4.90696, 5.195866, 5.679581 ] }, { "date": "2025-01-10", "close": 4.251482, "volume": 21929700, "typical_volume": 46690595.0, "trend": 6.205095, "fair_value": 9.382195, "relative_strength": -31.960963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.438666, "energy": 78.07481, "activity_lines": [ 4.474908, 4.762344, 5.068992, 5.548326 ] }, { "date": "2025-01-17", "close": 4.44299, "volume": 28623200, "typical_volume": 46553685.0, "trend": 6.124854, "fair_value": 9.349543, "relative_strength": -30.301748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.003429, "energy": 70.158252, "activity_lines": [ 4.405965, 4.671068, 4.975908, 5.434642 ] }, { "date": "2025-01-24", "close": 4.366386, "volume": 21129000, "typical_volume": 46146455.0, "trend": 6.039929, "fair_value": 9.312024, "relative_strength": -30.9904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.888284, "energy": 62.390533, "activity_lines": [ 4.37277, 4.579905, 4.887425, 5.321193 ] }, { "date": "2025-01-31", "close": 4.634498, "volume": 24142200, "typical_volume": 45292850.0, "trend": 5.920404, "fair_value": 9.276006, "relative_strength": -28.355805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.097881, "energy": 47.727448, "activity_lines": [ 4.457034, 4.549936, 4.835957, 5.23052 ] }, { "date": "2025-02-07", "close": 3.887616, "volume": 50361500, "typical_volume": 45785145.0, "trend": 5.771416, "fair_value": 9.237278, "relative_strength": -38.582922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.743431, "energy": 52.956925, "activity_lines": [ 4.280846, 4.401206, 4.723126, 5.099372 ] }, { "date": "2025-02-14", "close": 4.787704, "volume": 43069100, "typical_volume": 46397555.0, "trend": 5.657607, "fair_value": 9.204155, "relative_strength": -25.888113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.483545, "energy": 37.008879, "activity_lines": [ 4.437883, 4.441597, 4.70608, 5.035907 ] }, { "date": "2025-02-21", "close": 4.423839, "volume": 41900400, "typical_volume": 41995790.0, "trend": 5.532887, "fair_value": 9.172091, "relative_strength": -30.222573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.367302, "energy": 29.927141, "activity_lines": [ 4.437883, 4.421053, 4.659852, 4.956309 ] }, { "date": "2025-02-28", "close": 3.648231, "volume": 49863500, "typical_volume": 41849065.0, "trend": 5.380182, "fair_value": 9.135711, "relative_strength": -39.679706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.879556, "energy": 47.833042, "activity_lines": [ 4.180624, 4.276552, 4.543221, 4.834718 ] }, { "date": "2025-03-07", "close": 3.657806, "volume": 32374400, "typical_volume": 41247910.0, "trend": 5.243932, "fair_value": 9.10393, "relative_strength": -39.906387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.359289, "energy": 47.08674, "activity_lines": [ 3.974433, 4.154509, 4.434485, 4.723597 ] }, { "date": "2025-03-14", "close": 3.782287, "volume": 55568600, "typical_volume": 41517155.0, "trend": 5.118529, "fair_value": 9.067425, "relative_strength": -39.020288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.785616, "energy": 63.690475, "activity_lines": [ 3.874849, 4.069723, 4.345457, 4.629297 ] }, { "date": "2025-03-21", "close": 4.184454, "volume": 43389800, "typical_volume": 41975110.0, "trend": 5.007446, "fair_value": 9.025296, "relative_strength": -33.469144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.537233, "energy": 62.432009, "activity_lines": [ 3.916342, 4.069027, 4.304207, 4.569035 ] }, { "date": "2025-03-28", "close": 4.471716, "volume": 92982200, "typical_volume": 44761210.0, "trend": 4.925118, "fair_value": 8.981891, "relative_strength": -27.915366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.910812, "energy": 34.831844, "activity_lines": [ 4.093807, 4.121778, 4.295485, 4.534471 ] }, { "date": "2025-04-04", "close": 4.174879, "volume": 91574900, "typical_volume": 46548575.0, "trend": 4.838376, "fair_value": 8.942215, "relative_strength": -29.528141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.74408, "energy": 21.868614, "activity_lines": [ 4.169133, 4.120038, 4.262034, 4.486069 ] }, { "date": "2025-04-11", "close": 4.663224, "volume": 64307600, "typical_volume": 48318685.0, "trend": 4.770957, "fair_value": 8.902827, "relative_strength": -20.820767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.48687, "energy": 15.908339, "activity_lines": [ 4.372132, 4.210569, 4.279263, 4.474769 ] }, { "date": "2025-04-18", "close": 4.778129, "volume": 33281400, "typical_volume": 47008920.0, "trend": 4.730202, "fair_value": 8.866964, "relative_strength": -19.527854, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.474938, "energy": 13.269727, "activity_lines": [ 4.546404, 4.321469, 4.311761, 4.475231 ] }, { "date": "2025-04-25", "close": 5.13242, "volume": 44852400, "typical_volume": 47251790.0, "trend": 4.703387, "fair_value": 8.82517, "relative_strength": -16.325217, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.942967, "energy": 26.284845, "activity_lines": [ 4.772384, 4.480595, 4.380431, 4.501181 ] }, { "date": "2025-05-02", "close": 4.835582, "volume": 33998000, "typical_volume": 45598820.0, "trend": 4.692862, "fair_value": 8.782293, "relative_strength": -20.813692, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.581483, "energy": 26.00824, "activity_lines": [ 4.83622, 4.579483, 4.420556, 4.50971 ] }, { "date": "2025-05-09", "close": 4.222755, "volume": 95190400, "typical_volume": 46132055.0, "trend": 4.663126, "fair_value": 8.733574, "relative_strength": -30.760833, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.751509, "energy": 13.580175, "activity_lines": [ 4.671523, 4.559462, 4.404825, 4.47938 ] }, { "date": "2025-05-16", "close": 4.347236, "volume": 61742500, "typical_volume": 47629490.0, "trend": 4.631146, "fair_value": 8.681278, "relative_strength": -29.190795, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.797136, "energy": 13.666859, "activity_lines": [ 4.545128, 4.551627, 4.40364, 4.459 ] }, { "date": "2025-05-23", "close": 3.945069, "volume": 85971000, "typical_volume": 50812590.0, "trend": 4.570234, "fair_value": 8.622796, "relative_strength": -34.207161, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.20397, "energy": 25.090455, "activity_lines": [ 4.305743, 4.458137, 4.3647, 4.414737 ] }, { "date": "2025-05-30", "close": 4.758978, "volume": 56678400, "typical_volume": 52550025.0, "trend": 4.553197, "fair_value": 8.573522, "relative_strength": -19.245955, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.266175, "energy": 16.47805, "activity_lines": [ 4.393198, 4.50967, 4.405372, 4.426914 ] }, { "date": "2025-06-06", "close": 4.337661, "volume": 73451400, "typical_volume": 54791435.0, "trend": 4.523942, "fair_value": 8.526688, "relative_strength": -25.01604, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.338581, "energy": 18.980932, "activity_lines": [ 4.36511, 4.474154, 4.403503, 4.413009 ] }, { "date": "2025-06-13", "close": 4.44299, "volume": 64004400, "typical_volume": 56935205.0, "trend": 4.503679, "fair_value": 8.486818, "relative_strength": -23.001359, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.911162, "energy": 12.034837, "activity_lines": [ 4.405327, 4.460226, 4.412166, 4.407786 ] }, { "date": "2025-06-20", "close": 4.289783, "volume": 85142700, "typical_volume": 59985230.0, "trend": 4.460955, "fair_value": 8.446238, "relative_strength": -24.73767, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.20343, "energy": 9.877082, "activity_lines": [ 4.379792, 4.413567, 4.405874, 4.393986 ] }, { "date": "2025-06-27", "close": 3.954644, "volume": 107797600, "typical_volume": 62857035.0, "trend": 4.416498, "fair_value": 8.407776, "relative_strength": -29.614664, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.97087, "energy": 23.907422, "activity_lines": [ 4.246375, 4.312764, 4.369305, 4.361321 ] }, { "date": "2025-07-04", "close": 3.801438, "volume": 77640700, "typical_volume": 64585615.0, "trend": 4.374047, "fair_value": 8.369425, "relative_strength": -33.353371, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.122368, "energy": 44.511704, "activity_lines": [ 4.06125, 4.199078, 4.317826, 4.32164 ] }, { "date": "2025-07-11", "close": 3.743985, "volume": 66717500, "typical_volume": 65826470.0, "trend": 4.320105, "fair_value": 8.333822, "relative_strength": -30.573752, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.726009, "energy": 59.160269, "activity_lines": [ 3.920811, 4.099146, 4.265571, 4.28099 ] }, { "date": "2025-07-18", "close": 3.676957, "volume": 57121000, "typical_volume": 66189345.0, "trend": 4.283081, "fair_value": 8.29101, "relative_strength": -29.119343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.756715, "energy": 64.38697, "activity_lines": [ 3.797607, 4.006874, 4.210171, 4.239497 ] }, { "date": "2025-07-25", "close": 3.830164, "volume": 57355200, "typical_volume": 67438385.0, "trend": 4.262015, "fair_value": 8.241196, "relative_strength": -24.931934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.453164, "energy": 61.246941, "activity_lines": [ 3.776542, 3.952381, 4.169224, 4.210277 ] }, { "date": "2025-08-01", "close": 3.724834, "volume": 56670100, "typical_volume": 67493460.0, "trend": 4.239991, "fair_value": 8.183052, "relative_strength": -24.990468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.288746, "energy": 57.022607, "activity_lines": [ 3.751007, 3.888138, 4.117426, 4.17562 ] }, { "date": "2025-08-08", "close": 3.964219, "volume": 53646900, "typical_volume": 68006315.0, "trend": 4.230416, "fair_value": 8.120263, "relative_strength": -20.990485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.496895, "energy": 40.268731, "activity_lines": [ 3.820588, 3.871425, 4.0887, 4.157828 ] }, { "date": "2025-08-15", "close": 3.667382, "volume": 80758500, "typical_volume": 67395130.0, "trend": 4.204562, "fair_value": 8.061203, "relative_strength": -26.001928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.432592, "energy": 35.878566, "activity_lines": [ 3.780372, 3.815191, 4.032752, 4.121503 ] }, { "date": "2025-08-22", "close": 3.696108, "volume": 69709500, "typical_volume": 66301860.0, "trend": 4.18222, "fair_value": 8.006812, "relative_strength": -25.167869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.04228, "energy": 35.604856, "activity_lines": [ 3.754837, 3.776367, 3.98337, 4.0887 ] }, { "date": "2025-08-29", "close": 4.146152, "volume": 71765000, "typical_volume": 66674730.0, "trend": 4.165941, "fair_value": 7.953774, "relative_strength": -17.139529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.611568, "energy": 20.398844, "activity_lines": [ 3.878041, 3.832949, 3.97913, 4.086373 ] }, { "date": "2025-09-05", "close": 4.040823, "volume": 53551300, "typical_volume": 67688225.0, "trend": 4.171048, "fair_value": 7.900608, "relative_strength": -18.963698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.293937, "energy": 18.31545, "activity_lines": [ 3.945069, 3.872992, 3.96732, 4.078301 ] }, { "date": "2025-09-12", "close": 3.73441, "volume": 54649600, "typical_volume": 68178085.0, "trend": 4.135938, "fair_value": 7.845052, "relative_strength": -23.939193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.359043, "energy": 19.655833, "activity_lines": [ 3.888893, 3.855756, 3.929839, 4.05013 ] }, { "date": "2025-09-19", "close": 3.638655, "volume": 94519100, "typical_volume": 71204140.0, "trend": 4.109766, "fair_value": 7.792066, "relative_strength": -26.865704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.599562, "energy": 26.066592, "activity_lines": [ 3.81612, 3.822329, 3.889896, 4.018048 ] }, { "date": "2025-09-26", "close": 3.523751, "volume": 78704500, "typical_volume": 70379845.0, "trend": 4.105616, "fair_value": 7.739606, "relative_strength": -28.141034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.249185, "energy": 47.686145, "activity_lines": [ 3.70696, 3.769926, 3.844709, 3.98024 ] }, { "date": "2025-10-03", "close": 3.102433, "volume": 88547300, "typical_volume": 71720085.0, "trend": 4.087104, "fair_value": 7.678571, "relative_strength": -35.540096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.200092, "energy": 75.940889, "activity_lines": [ 3.468852, 3.643704, 3.762726, 3.915519 ] }, { "date": "2025-10-10", "close": 2.824746, "volume": 69665200, "typical_volume": 70904795.0, "trend": 4.055186, "fair_value": 7.614823, "relative_strength": -39.165364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.463106, "energy": 86.997072, "activity_lines": [ 3.207762, 3.480226, 3.660223, 3.834076 ] }, { "date": "2025-10-17", "close": 2.824746, "volume": 61634100, "typical_volume": 71152580.0, "trend": 4.009862, "fair_value": 7.549044, "relative_strength": -39.580809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.308529, "energy": 89.670484, "activity_lines": [ 3.027745, 3.333113, 3.563055, 3.754693 ] }, { "date": "2025-10-24", "close": 3.198187, "volume": 85703000, "typical_volume": 71765160.0, "trend": 3.967411, "fair_value": 7.485768, "relative_strength": -31.985845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.301471, "energy": 81.07203, "activity_lines": [ 3.032852, 3.274616, 3.510664, 3.702327 ] }, { "date": "2025-10-31", "close": 3.102433, "volume": 55173000, "typical_volume": 71323590.0, "trend": 3.931663, "fair_value": 7.41584, "relative_strength": -34.712483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.906571, "energy": 70.858546, "activity_lines": [ 3.035405, 3.20724, 3.45458, 3.646522 ] }, { "date": "2025-11-07", "close": 3.39927, "volume": 82977500, "typical_volume": 71215330.0, "trend": 3.889531, "fair_value": 7.36379, "relative_strength": -29.770163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.953169, "energy": 44.216348, "activity_lines": [ 3.164992, 3.204629, 3.433149, 3.612174 ] }, { "date": "2025-11-14", "close": 3.590779, "volume": 162111500, "typical_volume": 73931025.0, "trend": 3.849953, "fair_value": 7.316756, "relative_strength": -26.790863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.2467, "energy": 23.102221, "activity_lines": [ 3.338626, 3.250416, 3.434198, 3.5929 ] }, { "date": "2025-11-21", "close": 3.246064, "volume": 41635300, "typical_volume": 72130755.0, "trend": 3.787074, "fair_value": 7.267348, "relative_strength": -31.611496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.963544, "energy": 20.430135, "activity_lines": [ 3.346287, 3.241712, 3.404149, 3.553939 ] }, { "date": "2025-11-28", "close": 3.667382, "volume": 55450200, "typical_volume": 71567390.0, "trend": 3.748134, "fair_value": 7.218279, "relative_strength": -23.916932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.394127, "energy": 19.67782, "activity_lines": [ 3.466298, 3.318489, 3.416871, 3.546217 ] }, { "date": "2025-12-05", "close": 3.753561, "volume": 86003800, "typical_volume": 73011530.0, "trend": 3.732495, "fair_value": 7.180194, "relative_strength": -20.456327, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.715658, "energy": 17.564629, "activity_lines": [ 3.583757, 3.410413, 3.438165, 3.546567 ] }, { "date": "2025-12-12", "close": 3.475874, "volume": 89411100, "typical_volume": 74614325.0, "trend": 3.703449, "fair_value": 7.139396, "relative_strength": -26.89352, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.902692, "energy": 13.619545, "activity_lines": [ 3.565244, 3.44767, 3.432648, 3.530011 ] }, { "date": "2025-12-19", "close": 3.24, "volume": 73012900, "typical_volume": 75431465.0, "trend": 3.679947, "fair_value": 7.090717, "relative_strength": -30.014542, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.30008, "energy": 15.456981, "activity_lines": [ 3.463, 3.435251, 3.406353, 3.500111 ] }, { "date": "2025-12-26", "close": 3.27, "volume": 38866800, "typical_volume": 74692460.0, "trend": 3.630314, "fair_value": 7.040803, "relative_strength": -29.653715, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.712352, "energy": 15.925506, "activity_lines": [ 3.394142, 3.420737, 3.385225, 3.473663 ] }, { "date": "2026-01-02", "close": 3.25, "volume": 27128600, "typical_volume": 72010965.0, "trend": 3.594059, "fair_value": 6.994742, "relative_strength": -29.137786, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.687536, "energy": 26.162084, "activity_lines": [ 3.317021, 3.39449, 3.365497, 3.449126 ] }, { "date": "2026-01-09", "close": 3.3, "volume": 55179600, "typical_volume": 71284470.0, "trend": 3.555959, "fair_value": 6.943787, "relative_strength": -28.545516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.991577, "energy": 31.233635, "activity_lines": [ 3.284392, 3.376393, 3.35252, 3.430155 ] }, { "date": "2026-01-16", "close": 3.6, "volume": 131578100, "typical_volume": 74275125.0, "trend": 3.532967, "fair_value": 6.89083, "relative_strength": -21.957877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.892539, "energy": 13.143511, "activity_lines": [ 3.382, 3.409248, 3.369999, 3.432996 ] }, { "date": "2026-01-23", "close": 3.86, "volume": 100956700, "typical_volume": 76645395.0, "trend": 3.529812, "fair_value": 6.835839, "relative_strength": -22.145929, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.517335, "energy": 21.309351, "activity_lines": [ 3.558, 3.485727, 3.414842, 3.454095 ] }, { "date": "2026-01-30", "close": 3.99, "volume": 100135600, "typical_volume": 78919695.0, "trend": 3.536097, "fair_value": 6.780784, "relative_strength": -19.815348, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.93118, "energy": 39.803084, "activity_lines": [ 3.736, 3.580948, 3.472926, 3.483785 ] }, { "date": "2026-02-06", "close": 4.46, "volume": 131464000, "typical_volume": 80766940.0, "trend": 3.559964, "fair_value": 6.729863, "relative_strength": -10.720404, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.988483, "energy": 67.134649, "activity_lines": [ 4.022667, 3.748097, 3.574555, 3.543391 ] }, { "date": "2026-02-13", "close": 4.37, "volume": 77839900, "typical_volume": 80723710.0, "trend": 3.583066, "fair_value": 6.675899, "relative_strength": -13.321798, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.523117, "energy": 80.046127, "activity_lines": [ 4.198667, 3.88447, 3.663702, 3.595652 ] }, { "date": "2026-02-20", "close": 4.67, "volume": 27606100, "typical_volume": 77676650.0, "trend": 3.61106, "fair_value": 6.630137, "relative_strength": -8.681773, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.886563, "energy": 86.55887, "activity_lines": [ 4.403333, 4.064182, 3.77739, 3.665776 ] }, { "date": "2026-02-27", "close": 4.4, "volume": 75601800, "typical_volume": 77973480.0, "trend": 3.633566, "fair_value": 6.583486, "relative_strength": -12.765068, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.232364, "energy": 80.396602, "activity_lines": [ 4.446667, 4.173091, 3.857899, 3.716676 ] }, { "date": "2026-03-06", "close": 3.95346, "volume": 100540269, "typical_volume": 79918788.45, "trend": 3.633207, "fair_value": 6.528085, "relative_strength": -17.070299, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.007734, "energy": 59.531153, "activity_lines": [ 4.305153, 4.17972, 3.88838, 3.737314 ] }, { "date": "2026-03-13", "close": 3.53, "volume": 94878473, "typical_volume": 80377562.1, "trend": 3.628628, "fair_value": 6.47552, "relative_strength": -24.724204, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.141638, "energy": 25.277864, "activity_lines": [ 4.024923, 4.09693, 3.873156, 3.730656 ] }, { "date": "2026-03-20", "close": 3.19, "volume": 90756200, "typical_volume": 82156722.1, "trend": 3.611758, "fair_value": 6.424645, "relative_strength": -30.739032, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 1.38143, "energy": 17.801084, "activity_lines": [ 3.693359, 3.947231, 3.823971, 3.702357 ] }, { "date": "2026-03-27", "close": 3.77, "volume": 88160900, "typical_volume": 82415892.1, "trend": 3.599219, "fair_value": 6.373955, "relative_strength": -19.777308, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.101188, "energy": 27.151753, "activity_lines": [ 3.633795, 3.904986, 3.829607, 3.712566 ] }, { "date": "2026-04-03", "close": 3.69, "volume": 100710100, "typical_volume": 79345822.1, "trend": 3.587525, "fair_value": 6.32836, "relative_strength": -23.441664, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.323435, "energy": 24.917629, "activity_lines": [ 3.607564, 3.845105, 3.825859, 3.718423 ] }, { "date": "2026-04-10", "close": 3.97, "volume": 106901200, "typical_volume": 82609117.1, "trend": 3.595378, "fair_value": 6.273513, "relative_strength": -20.52458, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.90975, "energy": 16.644394, "activity_lines": [ 3.722, 3.839224, 3.848305, 3.743099 ] }, { "date": "2026-04-17", "close": 4.41, "volume": 90863400, "typical_volume": 84379777.1, "trend": 3.62109, "fair_value": 6.228215, "relative_strength": -10.019998, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.419769, "energy": 30.845023, "activity_lines": [ 3.982, 3.913706, 3.909208, 3.795655 ] }, { "date": "2026-04-24", "close": 4.18, "volume": 70393500, "typical_volume": 83599262.1, "trend": 3.642964, "fair_value": 6.18649, "relative_strength": -11.381065, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.041128, "energy": 33.595294, "activity_lines": [ 4.106667, 3.94728, 3.944671, 3.831714 ] }, { "date": "2026-05-01", "close": 3.96, "volume": 60589800, "typical_volume": 82158197.1, "trend": 3.67155, "fair_value": 6.147952, "relative_strength": -13.52451, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.781048, "energy": 30.511526, "activity_lines": [ 4.092, 3.944308, 3.95715, 3.852168 ] }, { "date": "2026-05-08", "close": 3.76, "volume": 76332400, "typical_volume": 82324172.1, "trend": 3.702725, "fair_value": 6.106913, "relative_strength": -15.763917, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.969036, "energy": 24.170682, "activity_lines": [ 3.998, 3.917881, 3.948276, 3.857874 ] }, { "date": "2026-05-15", "close": 3.41, "volume": 53927000, "typical_volume": 83077182.1, "trend": 3.722234, "fair_value": 6.055431, "relative_strength": -19.902159, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.470329, "energy": 6.462298, "activity_lines": [ 3.782667, 3.839455, 3.903593, 3.838989 ] }, { "date": "2026-05-22", "close": 3.25, "volume": 56139000, "typical_volume": 84527702.1, "trend": 3.723961, "fair_value": 6.001406, "relative_strength": -22.563838, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.385522, "energy": 31.830993, "activity_lines": [ 3.551333, 3.741818, 3.843005, 3.808522 ] }, { "date": "2026-05-29", "close": 3.06, "volume": 64343000, "typical_volume": 84985872.1, "trend": 3.722546, "fair_value": 5.944536, "relative_strength": -25.038454, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.922677, "energy": 57.688371, "activity_lines": [ 3.334, 3.614727, 3.764322, 3.765686 ] }, { "date": "2026-06-05", "close": 2.95, "volume": 10027400, "typical_volume": 78908337.1, "trend": 3.707571, "fair_value": 5.881457, "relative_strength": -24.806544, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.529601, "energy": 69.293965, "activity_lines": [ 3.154667, 3.47, 3.676306, 3.715844 ] }, { "date": "2026-06-12", "close": 3.03, "volume": 9907700, "typical_volume": 74355887.1, "trend": 3.688878, "fair_value": 5.82445, "relative_strength": -22.782647, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.134912, "energy": 79.101052, "activity_lines": [ 3.069333, 3.354727, 3.599004, 3.67213 ] }, { "date": "2026-06-19", "close": 2.68, "volume": 10299900, "typical_volume": 69864102.1, "trend": 3.670009, "fair_value": 5.773596, "relative_strength": -29.759683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.675308, "energy": 86.579474, "activity_lines": [ 2.916, 3.187818, 3.49232, 3.607041 ] }, { "date": "2026-06-26", "close": 2.88, "volume": 9850200, "typical_volume": 63783412.1, "trend": 3.643763, "fair_value": 5.7234, "relative_strength": -25.799432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.456692, "energy": 81.465288, "activity_lines": [ 2.878, 3.080727, 3.410923, 3.556073 ] }, { "date": "2026-07-03", "close": 2.87, "volume": 10432900, "typical_volume": 60413062.1, "trend": 3.614311, "fair_value": 5.67433, "relative_strength": -25.806538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.779457, "energy": 78.276198, "activity_lines": [ 2.861333, 2.999636, 3.336097, 3.506152 ] }, { "date": "2026-07-10", "close": 3.06, "volume": 52822500, "typical_volume": 61673882.1, "trend": 3.600449, "fair_value": 5.62937, "relative_strength": -21.798886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.443055, "energy": 65.725387, "activity_lines": [ 2.920667, 2.976909, 3.286509, 3.47039 ] }, { "date": "2026-07-17", "close": 3.17, "volume": 57223900, "typical_volume": 60754987.1, "trend": 3.598115, "fair_value": 5.582053, "relative_strength": -16.370194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.298597, "energy": 42.797384, "activity_lines": [ 3.009333, 2.990545, 3.255064, 3.442619 ] }, { "date": "2026-07-24", "close": 3.15, "volume": 48067500, "typical_volume": 58131348.65, "trend": 3.594115, "fair_value": 5.535855, "relative_strength": -16.273291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.093899, "energy": 33.811537, "activity_lines": [ 3.082, 3.011273, 3.227571, 3.413709 ] }, { "date": "2026-07-31", "close": 3.34, "volume": 46909400, "typical_volume": 55732895.0, "trend": 3.597115, "fair_value": 5.488551, "relative_strength": -12.467701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.524876, "energy": 27.764394, "activity_lines": [ 3.186667, 3.071273, 3.222, 3.397314 ] }, { "date": "2026-08-07", "close": 3.08, "volume": 47692300, "typical_volume": 53579700.0, "trend": 3.589782, "fair_value": 5.441338, "relative_strength": -15.860751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.132304, "energy": 26.114939, "activity_lines": [ 3.174, 3.082364, 3.192571, 3.363952 ] } ], "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." } } }