{ "ticker": { "uuid": "3fcacf84-6737-49fb-9db2-e78b7a7c6075", "symbol": "XER", "name": "Xer Tech Holding AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 35.031, "architecture_energy": 18.122, "architecture_maturity": 35.478, "architecture_confidence": 55.62, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 44.71, "rotation_up": 45.42, "upward_expansion": 42.75, "deceleration": 40.79, "rotation_down": 28.45, "downward_expansion": 14.75 }, "activity_lines": [ 3.618667, 3.533818, 3.306952, 3.298796 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 4.24, "trend_reference": 3.465, "distance_from_trend": 0.223665, "trend_direction": "Weakening", "fair_value": 4.605984, "distance_from_fair_value": -0.079458, "fair_value_direction": "Improving", "relative_strength": 1.5669, "relative_strength_direction": "Improving", "price_momentum": 0.081633, "excess_performance": 0.020138, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.223665, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.126569, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.079458, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.374731, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.015669, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.369229, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.081633, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.439308, "read": "Demand-led" } ], "volume": { "latest": 2754370, "relative_activity": 4.533745, "balance": 5.439308, "dry_up": 1.820075, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.214804, "annualized_volatility": 0.858154, "from_high_reference": -0.419178, "from_low_reference": 1.304348 }, "levels": { "trend_reference": 3.465, "fair_value_reference": 4.605984, "structural_low": 2.3, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.015385, "positive_rate": 0.461538, "directional_follow_through": 0.461538, "median_excess_return": -0.002617, "regime_survival": 0.769231, "best_return": 0.449837, "worst_return": -0.144444, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.005682, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": 0.063198, "regime_survival": 0.4, "best_return": 0.427711, "worst_return": -0.028571, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.034091, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.050427, "regime_survival": 0.0, "best_return": 0.153846, "worst_return": -0.216867, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.098575, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.285602, "regime_survival": 0.0, "best_return": 0.039773, "worst_return": -0.236923, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-08", "end": "2024-04-26", "tenure": "Developing", "return": 0.25, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-03", "end": "2024-05-10", "tenure": "New", "return": 0.021429, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-17", "end": "2024-05-24", "tenure": "New", "return": -0.046729, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-31", "end": "2025-03-07", "tenure": "Extended", "return": -0.30297, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.0625, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": -0.291498, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-08-08", "tenure": "Established", "return": -0.172973, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-10-24", "tenure": "Developing", "return": 0.320261, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": -0.006024, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2026-01-23", "tenure": "Developing", "return": -0.09009, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-30", "end": "2026-02-27", "tenure": "Developing", "return": -0.261603, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-04-10", "tenure": "Developing", "return": -0.273632, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-06-26", "tenure": "Developing", "return": 0.323741, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.184358, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.9, "volume": 31034, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 10.0, "volume": 565, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 8.45, "volume": 10293, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 8.35, "volume": 16764, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 8.0, "volume": 7878, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 8.65, "volume": 2583, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 7.45, "volume": 17720, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 7.1, "volume": 7297, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 7.05, "volume": 9165, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 6.5, "volume": 2112, "typical_volume": 7786.5, "trend": 7.198333, "fair_value": 7.31425, "relative_strength": -7.63502, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -8.318454, "energy": 16.5179, "activity_lines": [ 7.036667, 7.599091, 7.561905, 7.370538 ] }, { "date": "2023-10-27", "close": 6.45, "volume": 1599, "typical_volume": 7750.3, "trend": 7.166667, "fair_value": 7.30358, "relative_strength": -6.537379, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -17.739728, "energy": 21.481566, "activity_lines": [ 6.736667, 7.290909, 7.480714, 7.322258 ] }, { "date": "2023-11-03", "close": 7.3, "volume": 2662, "typical_volume": 7676.75, "trend": 7.166667, "fair_value": 7.303537, "relative_strength": 2.376623, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -13.566174, "energy": 16.928456, "activity_lines": [ 6.866667, 7.2, 7.480714, 7.33086 ] }, { "date": "2023-11-10", "close": 6.9, "volume": 4568, "typical_volume": 7736.15, "trend": 7.153333, "fair_value": 7.298675, "relative_strength": -2.414682, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -13.066935, "energy": 16.245358, "activity_lines": [ 6.873333, 7.085455, 7.43881, 7.313656 ] }, { "date": "2023-11-17", "close": 6.9, "volume": 540, "typical_volume": 7490.9, "trend": 7.151667, "fair_value": 7.293929, "relative_strength": -5.621457, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -11.454483, "energy": 12.68037, "activity_lines": [ 6.893333, 6.999091, 7.395476, 7.297312 ] }, { "date": "2023-11-24", "close": 7.0, "volume": 10797, "typical_volume": 7725.15, "trend": 7.155, "fair_value": 7.290471, "relative_strength": -5.084538, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -7.826427, "energy": 6.644769, "activity_lines": [ 6.956667, 6.957273, 7.36119, 7.287527 ] }, { "date": "2023-12-01", "close": 7.5, "volume": 672, "typical_volume": 6966.35, "trend": 7.175, "fair_value": 7.292907, "relative_strength": 1.530049, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 7.962731, "energy": 5.071634, "activity_lines": [ 7.153333, 7.024545, 7.372143, 7.309785 ] }, { "date": "2023-12-08", "close": 6.95, "volume": 4140, "typical_volume": 6720.25, "trend": 7.176667, "fair_value": 7.288966, "relative_strength": -7.499449, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 4.598663, "energy": 3.742771, "activity_lines": [ 7.096667, 7.012727, 7.325714, 7.295269 ] }, { "date": "2023-12-15", "close": 6.5, "volume": 20490, "typical_volume": 7743.25, "trend": 7.175, "fair_value": 7.28, "relative_strength": -15.729173, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -22.836531, "energy": 11.785596, "activity_lines": [ 6.913333, 6.928182, 7.23, 7.251613 ] }, { "date": "2023-12-22", "close": 6.85, "volume": 2085, "typical_volume": 7829.6, "trend": 7.186667, "fair_value": 7.275169, "relative_strength": -10.56651, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -17.266604, "energy": 10.692649, "activity_lines": [ 6.873333, 6.918182, 7.163333, 7.230645 ] }, { "date": "2023-12-29", "close": 6.95, "volume": 1862, "typical_volume": 7741.3, "trend": 7.178333, "fair_value": 7.271556, "relative_strength": -9.944778, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -17.477863, "energy": 14.217996, "activity_lines": [ 6.87, 6.93, 7.105238, 7.215376 ] }, { "date": "2024-01-05", "close": 6.95, "volume": 118, "typical_volume": 6195.5, "trend": 7.193333, "fair_value": 7.268022, "relative_strength": -7.604622, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -17.028737, "energy": 14.68082, "activity_lines": [ 6.87, 6.933636, 7.049286, 7.200645 ] }, { "date": "2024-01-12", "close": 6.4, "volume": 30, "typical_volume": 6168.75, "trend": 7.19, "fair_value": 7.258587, "relative_strength": -15.35177, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -54.353196, "energy": 31.406581, "activity_lines": [ 6.723333, 6.828182, 6.955, 7.149462 ] }, { "date": "2024-01-19", "close": 7.6, "volume": 2470, "typical_volume": 5777.6, "trend": 7.223333, "fair_value": 7.262258, "relative_strength": 2.763324, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -22.815812, "energy": 9.928102, "activity_lines": [ 7.013333, 6.957273, 6.992143, 7.175914 ] }, { "date": "2024-01-26", "close": 7.0, "volume": 3920, "typical_volume": 5135.4, "trend": 7.23, "fair_value": 7.259468, "relative_strength": -7.954011, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -29.355836, "energy": 11.76588, "activity_lines": [ 7.03, 6.964545, 6.97619, 7.161505 ] }, { "date": "2024-02-02", "close": 6.25, "volume": 3554, "typical_volume": 4919.2, "trend": 7.221667, "fair_value": 7.248842, "relative_strength": -17.574262, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -51.491279, "energy": 22.950131, "activity_lines": [ 6.786667, 6.833636, 6.895238, 7.09828 ] }, { "date": "2024-02-09", "close": 7.45, "volume": 3758, "typical_volume": 4977.95, "trend": 7.255, "fair_value": 7.250938, "relative_strength": -0.95867, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -20.169808, "energy": 10.436978, "activity_lines": [ 6.99, 6.934545, 6.936905, 7.113011 ] }, { "date": "2024-02-16", "close": 6.45, "volume": 16043, "typical_volume": 4894.1, "trend": 7.283333, "fair_value": 7.24268, "relative_strength": -15.931939, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -49.171277, "energy": 23.573348, "activity_lines": [ 6.826667, 6.854545, 6.889048, 7.061075 ] }, { "date": "2024-02-23", "close": 6.5, "volume": 85, "typical_volume": 4533.5, "trend": 7.313333, "fair_value": 7.235102, "relative_strength": -15.832012, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -48.239364, "energy": 33.566682, "activity_lines": [ 6.676667, 6.792727, 6.850714, 7.010538 ] }, { "date": "2024-03-01", "close": 6.45, "volume": 4212, "typical_volume": 4285.85, "trend": 7.306667, "fair_value": 7.227172, "relative_strength": -17.028648, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -49.831747, "energy": 31.293091, "activity_lines": [ 6.583333, 6.721818, 6.810476, 6.954839 ] }, { "date": "2024-03-08", "close": 6.4, "volume": 3076, "typical_volume": 4334.05, "trend": 7.273333, "fair_value": 7.2189, "relative_strength": -18.116019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.844861, "energy": 43.147768, "activity_lines": [ 6.51, 6.649091, 6.768333, 6.896344 ] }, { "date": "2024-03-15", "close": 6.4, "volume": 2569, "typical_volume": 4382.55, "trend": 7.156667, "fair_value": 7.210792, "relative_strength": -19.095996, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.398103, "energy": 43.458464, "activity_lines": [ 6.426667, 6.586364, 6.726667, 6.84 ] }, { "date": "2024-03-22", "close": 6.35, "volume": 6134, "typical_volume": 4556.15, "trend": 7.035, "fair_value": 7.202353, "relative_strength": -19.435036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.128894, "energy": 40.94994, "activity_lines": [ 6.396667, 6.524545, 6.680476, 6.787957 ] }, { "date": "2024-03-29", "close": 6.5, "volume": 97, "typical_volume": 4332.6, "trend": 6.97, "fair_value": 7.195534, "relative_strength": -16.620749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.329221, "energy": 33.28832, "activity_lines": [ 6.423333, 6.490909, 6.653095, 6.753441 ] }, { "date": "2024-04-05", "close": 6.4, "volume": 167, "typical_volume": 4313.95, "trend": 6.905, "fair_value": 7.187885, "relative_strength": -17.056884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.811378, "energy": 28.224264, "activity_lines": [ 6.416667, 6.459091, 6.618095, 6.716667 ] }, { "date": "2024-04-12", "close": 6.4, "volume": 30, "typical_volume": 3775.6, "trend": 6.851667, "fair_value": 7.180381, "relative_strength": -16.769608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.947375, "energy": 26.489629, "activity_lines": [ 6.413333, 6.438182, 6.585476, 6.684086 ] }, { "date": "2024-04-19", "close": 7.5, "volume": 791, "typical_volume": 3781.55, "trend": 6.813333, "fair_value": 7.183396, "relative_strength": -2.21355, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.057245, "energy": 9.178129, "activity_lines": [ 6.776667, 6.614545, 6.660476, 6.725914 ] }, { "date": "2024-04-26", "close": 8.0, "volume": 1078, "typical_volume": 3628.45, "trend": 6.831667, "fair_value": 7.191028, "relative_strength": 1.980003, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 32.780193, "energy": 37.863809, "activity_lines": [ 7.233333, 6.880909, 6.783095, 6.802473 ] }, { "date": "2024-05-03", "close": 7.0, "volume": 5215, "typical_volume": 2864.7, "trend": 6.828333, "fair_value": 7.189259, "relative_strength": -9.965679, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.096564, "energy": 34.650233, "activity_lines": [ 7.246667, 6.937273, 6.805476, 6.813333 ] }, { "date": "2024-05-10", "close": 7.15, "volume": 4540, "typical_volume": 2987.45, "trend": 6.831667, "fair_value": 7.188899, "relative_strength": -10.904316, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 51.610312, "energy": 50.935796, "activity_lines": [ 7.276667, 7.011818, 6.839762, 6.834086 ] }, { "date": "2024-05-17", "close": 5.35, "volume": 18361, "typical_volume": 3812.4, "trend": 6.793333, "fair_value": 7.172182, "relative_strength": -32.332754, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.967503, "energy": 20.644952, "activity_lines": [ 6.656667, 6.746364, 6.70119, 6.738495 ] }, { "date": "2024-05-24", "close": 5.1, "volume": 24934, "typical_volume": 5053.2, "trend": 6.748333, "fair_value": 7.153514, "relative_strength": -35.669311, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.188977, "energy": 53.840091, "activity_lines": [ 6.023333, 6.454545, 6.546429, 6.629247 ] }, { "date": "2024-05-31", "close": 5.05, "volume": 70151, "typical_volume": 8559.25, "trend": 6.673333, "fair_value": 7.134732, "relative_strength": -35.306169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.313093, "energy": 71.391094, "activity_lines": [ 5.533333, 6.177273, 6.395714, 6.519677 ] }, { "date": "2024-06-07", "close": 4.52, "volume": 11152, "typical_volume": 8993.35, "trend": 6.594, "fair_value": 7.111593, "relative_strength": -42.11719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.156046, "energy": 82.566608, "activity_lines": [ 5.063333, 5.827273, 6.200952, 6.380753 ] }, { "date": "2024-06-14", "close": 4.5, "volume": 21922, "typical_volume": 9893.45, "trend": 6.514, "fair_value": 7.088684, "relative_strength": -40.578777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.462137, "energy": 82.120662, "activity_lines": [ 4.752, 5.509636, 6.018952, 6.245656 ] }, { "date": "2024-06-21", "close": 4.38, "volume": 16667, "typical_volume": 10549.1, "trend": 6.426667, "fair_value": 7.06513, "relative_strength": -41.964669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.329078, "energy": 80.974303, "activity_lines": [ 4.577333, 5.204727, 5.837429, 6.107978 ] }, { "date": "2024-06-28", "close": 4.76, "volume": 3004, "typical_volume": 10511.4, "trend": 6.335333, "fair_value": 7.045259, "relative_strength": -36.368183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.999858, "energy": 70.496097, "activity_lines": [ 4.594, 5.005636, 5.701, 6.000452 ] }, { "date": "2024-07-05", "close": 4.32, "volume": 7815, "typical_volume": 10100.0, "trend": 6.247667, "fair_value": 7.021966, "relative_strength": -41.492959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.159081, "energy": 54.789075, "activity_lines": [ 4.486667, 4.776364, 5.535476, 5.87043 ] }, { "date": "2024-07-12", "close": 4.22, "volume": 558, "typical_volume": 10123.65, "trend": 6.171667, "fair_value": 6.99822, "relative_strength": -43.984973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.009678, "energy": 51.498419, "activity_lines": [ 4.394667, 4.595818, 5.370571, 5.739613 ] }, { "date": "2024-07-19", "close": 4.42, "volume": 4225, "typical_volume": 10124.3, "trend": 6.090667, "fair_value": 6.976555, "relative_strength": -39.639203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.630829, "energy": 47.581971, "activity_lines": [ 4.389333, 4.502182, 5.235571, 5.626602 ] }, { "date": "2024-07-26", "close": 4.96, "volume": 2272, "typical_volume": 10084.1, "trend": 6.024333, "fair_value": 6.95975, "relative_strength": -32.221293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.269737, "energy": 38.829597, "activity_lines": [ 4.569333, 4.556364, 5.161667, 5.553656 ] }, { "date": "2024-08-02", "close": 4.42, "volume": 3295, "typical_volume": 10120.4, "trend": 5.94, "fair_value": 6.93876, "relative_strength": -36.33904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.833329, "energy": 36.969748, "activity_lines": [ 4.530667, 4.519455, 5.04319, 5.450151 ] }, { "date": "2024-08-09", "close": 3.92, "volume": 17954, "typical_volume": 10711.4, "trend": 5.857333, "fair_value": 6.914016, "relative_strength": -42.656168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.033751, "energy": 45.437588, "activity_lines": [ 4.348, 4.404, 4.886524, 5.319828 ] }, { "date": "2024-08-16", "close": 3.98, "volume": 15118, "typical_volume": 11462.45, "trend": 5.736667, "fair_value": 6.890163, "relative_strength": -42.275985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.869683, "energy": 48.589535, "activity_lines": [ 4.212, 4.32, 4.747143, 5.19871 ] }, { "date": "2024-08-23", "close": 3.8, "volume": 594, "typical_volume": 11483.8, "trend": 5.63, "fair_value": 6.865242, "relative_strength": -44.20082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.189745, "energy": 65.607059, "activity_lines": [ 4.032, 4.213091, 4.602619, 5.073763 ] }, { "date": "2024-08-30", "close": 4.2, "volume": 3979, "typical_volume": 11681.25, "trend": 5.561667, "fair_value": 6.84392, "relative_strength": -38.195116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.680696, "energy": 65.234344, "activity_lines": [ 4.026667, 4.191636, 4.508571, 4.981505 ] }, { "date": "2024-09-06", "close": 3.6, "volume": 17194, "typical_volume": 12501.4, "trend": 5.433333, "fair_value": 6.818175, "relative_strength": -43.580675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.793667, "energy": 67.704634, "activity_lines": [ 3.872, 4.064364, 4.367857, 4.854946 ] }, { "date": "2024-09-13", "close": 3.52, "volume": 47263, "typical_volume": 14810.65, "trend": 5.335667, "fair_value": 6.792205, "relative_strength": -44.872203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.237974, "energy": 62.120515, "activity_lines": [ 3.745333, 3.943636, 4.238095, 4.731505 ] }, { "date": "2024-09-20", "close": 3.6, "volume": 7207, "typical_volume": 14910.25, "trend": 5.239, "fair_value": 6.767266, "relative_strength": -43.686485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.591045, "energy": 51.07793, "activity_lines": [ 3.672, 3.852, 4.137286, 4.619527 ] }, { "date": "2024-09-27", "close": 3.72, "volume": 27015, "typical_volume": 16034.0, "trend": 5.148, "fair_value": 6.743643, "relative_strength": -42.22118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.337837, "energy": 48.764369, "activity_lines": [ 3.664, 3.793455, 4.064095, 4.521527 ] }, { "date": "2024-10-04", "close": 4.0, "volume": 1251, "typical_volume": 15178.5, "trend": 5.068, "fair_value": 6.722538, "relative_strength": -36.13549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.1883, "energy": 41.505667, "activity_lines": [ 3.754667, 3.798545, 4.033905, 4.447462 ] }, { "date": "2024-10-11", "close": 4.0, "volume": 5385, "typical_volume": 14201.05, "trend": 4.988, "fair_value": 6.701756, "relative_strength": -34.891979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.473469, "energy": 30.632439, "activity_lines": [ 3.858667, 3.821091, 4.010143, 4.378559 ] }, { "date": "2024-10-18", "close": 4.96, "volume": 81, "typical_volume": 10697.55, "trend": 4.941667, "fair_value": 6.688561, "relative_strength": -18.637582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.166952, "energy": 13.614703, "activity_lines": [ 4.256, 4.025818, 4.083048, 4.376753 ] }, { "date": "2024-10-25", "close": 3.74, "volume": 145, "typical_volume": 10147.2, "trend": 4.849667, "fair_value": 6.666391, "relative_strength": -37.733917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.649758, "energy": 22.358319, "activity_lines": [ 4.150667, 3.989818, 4.04019, 4.299226 ] }, { "date": "2024-11-01", "close": 3.36, "volume": 2907, "typical_volume": 9196.45, "trend": 4.748333, "fair_value": 6.641716, "relative_strength": -42.278559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.701313, "energy": 23.362718, "activity_lines": [ 3.909333, 3.889091, 3.964857, 4.203118 ] }, { "date": "2024-11-08", "close": 3.62, "volume": 1840, "typical_volume": 8455.1, "trend": 4.655667, "fair_value": 6.619333, "relative_strength": -36.863763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.925729, "energy": 28.295153, "activity_lines": [ 3.778667, 3.843636, 3.919714, 4.130323 ] }, { "date": "2024-11-15", "close": 3.42, "volume": 6238, "typical_volume": 8616.8, "trend": 4.519667, "fair_value": 6.595809, "relative_strength": -38.252581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.242601, "energy": 45.918588, "activity_lines": [ 3.606667, 3.772364, 3.859143, 4.050602 ] }, { "date": "2024-11-22", "close": 4.26, "volume": 7664, "typical_volume": 8609.25, "trend": 4.395, "fair_value": 6.578759, "relative_strength": -22.232655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.553117, "energy": 26.79488, "activity_lines": [ 3.753333, 3.857091, 3.884952, 4.033849 ] }, { "date": "2024-11-29", "close": 4.0, "volume": 5408, "typical_volume": 8851.75, "trend": 4.295, "fair_value": 6.560072, "relative_strength": -25.831523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.567392, "energy": 20.507119, "activity_lines": [ 3.86, 3.881091, 3.886286, 4.008366 ] }, { "date": "2024-12-06", "close": 3.44, "volume": 1102, "typical_volume": 8695.6, "trend": 4.171333, "fair_value": 6.537626, "relative_strength": -37.722411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.420321, "energy": 25.345436, "activity_lines": [ 3.762667, 3.796, 3.835333, 3.953204 ] }, { "date": "2024-12-13", "close": 3.5, "volume": 910, "typical_volume": 8627.5, "trend": 4.109667, "fair_value": 6.515929, "relative_strength": -34.39138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.437014, "energy": 23.096373, "activity_lines": [ 3.68, 3.726909, 3.794762, 3.909892 ] }, { "date": "2024-12-20", "close": 3.2, "volume": 12183, "typical_volume": 9071.9, "trend": 4.046333, "fair_value": 6.492411, "relative_strength": -37.114206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.832707, "energy": 35.927198, "activity_lines": [ 3.505333, 3.612364, 3.732571, 3.851204 ] }, { "date": "2024-12-27", "close": 3.22, "volume": 4853, "typical_volume": 8416.85, "trend": 3.985333, "fair_value": 6.469366, "relative_strength": -36.157793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.313639, "energy": 49.820569, "activity_lines": [ 3.352, 3.516, 3.678095, 3.797892 ] }, { "date": "2025-01-03", "close": 3.26, "volume": 6846, "typical_volume": 8003.25, "trend": 3.943333, "fair_value": 6.446923, "relative_strength": -34.875558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.690688, "energy": 45.442466, "activity_lines": [ 3.281333, 3.458545, 3.630762, 3.751097 ] }, { "date": "2025-01-10", "close": 3.26, "volume": 15433, "typical_volume": 8745.2, "trend": 3.902, "fair_value": 6.424792, "relative_strength": -34.289941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.437058, "energy": 40.108228, "activity_lines": [ 3.26, 3.409818, 3.586857, 3.707011 ] }, { "date": "2025-01-17", "close": 3.26, "volume": 6587, "typical_volume": 8875.6, "trend": 3.864667, "fair_value": 6.402966, "relative_strength": -35.337566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.997068, "energy": 31.048046, "activity_lines": [ 3.250667, 3.362909, 3.545524, 3.665591 ] }, { "date": "2025-01-24", "close": 3.26, "volume": 2794, "typical_volume": 8155.6, "trend": 3.814667, "fair_value": 6.381438, "relative_strength": -35.48904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.716553, "energy": 26.987286, "activity_lines": [ 3.257333, 3.322545, 3.508667, 3.626581 ] }, { "date": "2025-01-31", "close": 3.7, "volume": 11225, "typical_volume": 6353.7, "trend": 3.794, "fair_value": 6.363197, "relative_strength": -25.859698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.836943, "energy": 15.586319, "activity_lines": [ 3.406667, 3.365091, 3.515333, 3.619183 ] }, { "date": "2025-02-07", "close": 3.26, "volume": 14260, "typical_volume": 6706.35, "trend": 3.762, "fair_value": 6.34223, "relative_strength": -32.574158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.284199, "energy": 16.759765, "activity_lines": [ 3.377333, 3.337818, 3.479238, 3.584731 ] }, { "date": "2025-02-14", "close": 3.3, "volume": 9266, "typical_volume": 5818.9, "trend": 3.724667, "fair_value": 6.321812, "relative_strength": -32.65244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.711044, "energy": 15.786672, "activity_lines": [ 3.361333, 3.331273, 3.448571, 3.554925 ] }, { "date": "2025-02-21", "close": 3.32, "volume": 505, "typical_volume": 5781.6, "trend": 3.67, "fair_value": 6.3018, "relative_strength": -31.363675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.23842, "energy": 15.663407, "activity_lines": [ 3.349333, 3.330909, 3.42181, 3.528817 ] }, { "date": "2025-02-28", "close": 3.5, "volume": 4748, "typical_volume": 5749.75, "trend": 3.639333, "fair_value": 6.283245, "relative_strength": -26.592045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.259583, "energy": 16.186311, "activity_lines": [ 3.393333, 3.366545, 3.415429, 3.517849 ] }, { "date": "2025-03-07", "close": 3.52, "volume": 6491, "typical_volume": 6070.25, "trend": 3.626, "fair_value": 6.265066, "relative_strength": -25.240543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.443387, "energy": 12.11908, "activity_lines": [ 3.428, 3.400364, 3.413333, 3.510151 ] }, { "date": "2025-03-14", "close": 3.52, "volume": 864, "typical_volume": 6106.2, "trend": 3.610667, "fair_value": 6.247124, "relative_strength": -22.89211, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.291144, "energy": 8.937835, "activity_lines": [ 3.474667, 3.428727, 3.418095, 3.503312 ] }, { "date": "2025-03-21", "close": 3.7, "volume": 758, "typical_volume": 5998.75, "trend": 3.607333, "fair_value": 6.230584, "relative_strength": -16.275575, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.114968, "energy": 9.192636, "activity_lines": [ 3.564, 3.485091, 3.441048, 3.509075 ] }, { "date": "2025-03-28", "close": 3.26, "volume": 5107, "typical_volume": 6162.1, "trend": 3.576, "fair_value": 6.211419, "relative_strength": -22.566017, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.048155, "energy": 10.712383, "activity_lines": [ 3.48, 3.453455, 3.420476, 3.486667 ] }, { "date": "2025-04-04", "close": 3.78, "volume": 3542, "typical_volume": 6027.3, "trend": 3.582, "fair_value": 6.195833, "relative_strength": 0.869559, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.233042, "energy": 9.19468, "activity_lines": [ 3.573333, 3.516364, 3.451143, 3.499828 ] }, { "date": "2025-04-11", "close": 3.3, "volume": 7188, "typical_volume": 6003.5, "trend": 3.574667, "fair_value": 6.175321, "relative_strength": -10.405607, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.969752, "energy": 8.735501, "activity_lines": [ 3.488, 3.482545, 3.434381, 3.481634 ] }, { "date": "2025-04-18", "close": 4.94, "volume": 3987, "typical_volume": 5932.45, "trend": 3.619333, "fair_value": 6.165962, "relative_strength": 31.083625, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.541655, "energy": 47.323631, "activity_lines": [ 3.964, 3.754182, 3.578381, 3.56972 ] }, { "date": "2025-04-25", "close": 3.4, "volume": 4209, "typical_volume": 6087.8, "trend": 3.608667, "fair_value": 6.143013, "relative_strength": -10.578134, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.050386, "energy": 27.795289, "activity_lines": [ 3.832, 3.715273, 3.571238, 3.55557 ] }, { "date": "2025-05-02", "close": 3.5, "volume": 1625, "typical_volume": 6123.55, "trend": 3.592, "fair_value": 6.120064, "relative_strength": -7.766809, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.32544, "energy": 14.204285, "activity_lines": [ 3.753333, 3.692727, 3.57381, 3.548559 ] }, { "date": "2025-05-09", "close": 3.7, "volume": 2394, "typical_volume": 5634.1, "trend": 3.582, "fair_value": 6.102115, "relative_strength": -0.452878, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.75041, "energy": 20.767791, "activity_lines": [ 3.725333, 3.703273, 3.595429, 3.555527 ] }, { "date": "2025-05-16", "close": 3.4, "volume": 417, "typical_volume": 5412.3, "trend": 3.53, "fair_value": 6.080321, "relative_strength": -11.132515, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.243029, "energy": 12.575509, "activity_lines": [ 3.602667, 3.655636, 3.586095, 3.543785 ] }, { "date": "2025-05-23", "close": 3.4, "volume": 573, "typical_volume": 5098.65, "trend": 3.518667, "fair_value": 6.057244, "relative_strength": -8.149699, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.093086, "energy": 6.546293, "activity_lines": [ 3.473333, 3.610182, 3.575905, 3.535398 ] }, { "date": "2025-05-30", "close": 3.7, "volume": 2402, "typical_volume": 4447.1, "trend": 3.53, "fair_value": 6.034936, "relative_strength": -0.117331, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.671586, "energy": 12.261046, "activity_lines": [ 3.546667, 3.621455, 3.593619, 3.547097 ] }, { "date": "2025-06-06", "close": 3.78, "volume": 426, "typical_volume": 4139.05, "trend": 3.535333, "fair_value": 6.017372, "relative_strength": 1.305247, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.592294, "energy": 13.030182, "activity_lines": [ 3.626667, 3.647273, 3.616857, 3.563226 ] }, { "date": "2025-06-13", "close": 3.5, "volume": 5486, "typical_volume": 4273.65, "trend": 3.538, "fair_value": 5.996859, "relative_strength": -3.419327, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.100952, "energy": 9.126527, "activity_lines": [ 3.594667, 3.612727, 3.610952, 3.560946 ] }, { "date": "2025-06-20", "close": 3.5, "volume": 2636, "typical_volume": 3844.2, "trend": 3.512667, "fair_value": 5.971346, "relative_strength": -2.581895, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.103052, "energy": 6.637596, "activity_lines": [ 3.576, 3.583273, 3.603905, 3.558495 ] }, { "date": "2025-06-27", "close": 3.7, "volume": 2707, "typical_volume": 3266.55, "trend": 3.502667, "fair_value": 5.946346, "relative_strength": 1.057116, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.072861, "energy": 11.826943, "activity_lines": [ 3.617333, 3.586545, 3.616857, 3.570581 ] }, { "date": "2025-07-04", "close": 3.28, "volume": 20763, "typical_volume": 3841.4, "trend": 3.497333, "fair_value": 5.925962, "relative_strength": -10.186623, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.155971, "energy": 6.72101, "activity_lines": [ 3.498667, 3.536, 3.587714, 3.556215 ] }, { "date": "2025-07-11", "close": 3.24, "volume": 1075, "typical_volume": 3869.9, "trend": 3.488667, "fair_value": 5.905064, "relative_strength": -12.030129, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.292398, "energy": 14.598876, "activity_lines": [ 3.394667, 3.480364, 3.554857, 3.539613 ] }, { "date": "2025-07-18", "close": 3.24, "volume": 945, "typical_volume": 3679.75, "trend": 3.49, "fair_value": 5.877756, "relative_strength": -11.561572, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.345456, "energy": 24.593626, "activity_lines": [ 3.326667, 3.429455, 3.522381, 3.52357 ] }, { "date": "2025-07-25", "close": 3.1, "volume": 1605, "typical_volume": 3435.45, "trend": 3.486, "fair_value": 5.852756, "relative_strength": -16.499296, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.441015, "energy": 35.330784, "activity_lines": [ 3.229333, 3.361455, 3.47781, 3.498409 ] }, { "date": "2025-08-01", "close": 3.6, "volume": 2340, "typical_volume": 3509.25, "trend": 3.497333, "fair_value": 5.830962, "relative_strength": 0.253961, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.607999, "energy": 20.723001, "activity_lines": [ 3.325333, 3.389818, 3.482857, 3.505763 ] }, { "date": "2025-08-08", "close": 3.06, "volume": 5879, "typical_volume": 3765.3, "trend": 3.490667, "fair_value": 5.805705, "relative_strength": -16.581744, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.715503, "energy": 35.081923, "activity_lines": [ 3.248, 3.316364, 3.436095, 3.477548 ] }, { "date": "2025-08-15", "close": 3.06, "volume": 1499, "typical_volume": 3584.9, "trend": 3.484, "fair_value": 5.775449, "relative_strength": -17.307914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.333005, "energy": 34.591038, "activity_lines": [ 3.185333, 3.254545, 3.392381, 3.449763 ] }, { "date": "2025-08-22", "close": 3.1, "volume": 4443, "typical_volume": 3629.95, "trend": 3.478667, "fair_value": 5.744038, "relative_strength": -17.36581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.540935, "energy": 29.172746, "activity_lines": [ 3.148, 3.213091, 3.353429, 3.424989 ] }, { "date": "2025-08-29", "close": 3.08, "volume": 4383, "typical_volume": 3489.7, "trend": 3.458, "fair_value": 5.712628, "relative_strength": -15.389778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.877904, "energy": 39.164672, "activity_lines": [ 3.113333, 3.175273, 3.31581, 3.399269 ] }, { "date": "2025-09-05", "close": 3.16, "volume": 125, "typical_volume": 3296.6, "trend": 3.454667, "fair_value": 5.681987, "relative_strength": -12.923982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.61113, "energy": 34.812831, "activity_lines": [ 3.106667, 3.159636, 3.286857, 3.380043 ] }, { "date": "2025-09-12", "close": 3.4, "volume": 4852, "typical_volume": 3328.75, "trend": 3.458, "fair_value": 5.652885, "relative_strength": -6.484094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.872228, "energy": 18.834938, "activity_lines": [ 3.209333, 3.197455, 3.289238, 3.376516 ] }, { "date": "2025-09-19", "close": 3.26, "volume": 6979, "typical_volume": 3596.45, "trend": 3.456, "fair_value": 5.629551, "relative_strength": -10.505296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.702213, "energy": 15.543974, "activity_lines": [ 3.242667, 3.207636, 3.278286, 3.363742 ] }, { "date": "2025-09-26", "close": 3.2, "volume": 9126, "typical_volume": 3933.05, "trend": 3.446, "fair_value": 5.598782, "relative_strength": -11.847763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.856567, "energy": 15.324768, "activity_lines": [ 3.242667, 3.206545, 3.262762, 3.347226 ] }, { "date": "2025-10-03", "close": 3.16, "volume": 977, "typical_volume": 3961.05, "trend": 3.434, "fair_value": 5.570064, "relative_strength": -15.190851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.099568, "energy": 16.546876, "activity_lines": [ 3.222667, 3.198909, 3.24581, 3.328774 ] }, { "date": "2025-10-10", "close": 3.06, "volume": 696, "typical_volume": 3967.2, "trend": 3.418667, "fair_value": 5.540705, "relative_strength": -16.73679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.255449, "energy": 27.652772, "activity_lines": [ 3.164, 3.172, 3.220476, 3.304645 ] }, { "date": "2025-10-17", "close": 3.22, "volume": 7672, "typical_volume": 4230.7, "trend": 3.402667, "fair_value": 5.513269, "relative_strength": -11.280423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.107269, "energy": 22.526713, "activity_lines": [ 3.165333, 3.184, 3.212, 3.291828 ] }, { "date": "2025-10-24", "close": 4.04, "volume": 2990, "typical_volume": 4358.9, "trend": 3.428667, "fair_value": 5.48609, "relative_strength": 7.887503, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.667098, "energy": 21.64624, "activity_lines": [ 3.452, 3.342182, 3.283905, 3.332946 ] }, { "date": "2025-10-31", "close": 3.32, "volume": 2864, "typical_volume": 4227.8, "trend": 3.413333, "fair_value": 5.45391, "relative_strength": -10.558862, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.292551, "energy": 12.256989, "activity_lines": [ 3.446667, 3.351636, 3.286, 3.325935 ] }, { "date": "2025-11-07", "close": 3.3, "volume": 12626, "typical_volume": 4727.3, "trend": 3.413333, "fair_value": 5.423782, "relative_strength": -9.724684, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.685832, "energy": 12.475414, "activity_lines": [ 3.426667, 3.353455, 3.287048, 3.318624 ] }, { "date": "2025-11-14", "close": 5.55, "volume": 697213, "typical_volume": 39452.6, "trend": 3.433667, "fair_value": 5.405128, "relative_strength": 49.110045, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.237344, "energy": 65.867567, "activity_lines": [ 4.147333, 3.760364, 3.503333, 3.456473 ] }, { "date": "2025-11-21", "close": 5.1, "volume": 35391, "typical_volume": 40184.0, "trend": 3.490333, "fair_value": 5.383333, "relative_strength": 39.564984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.446461, "energy": 70.277271, "activity_lines": [ 4.552, 4.042, 3.667952, 3.563978 ] }, { "date": "2025-11-28", "close": 4.813459, "volume": 115303, "typical_volume": 45895.4, "trend": 3.534115, "fair_value": 5.350727, "relative_strength": 27.30076, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.693229, "energy": 68.366732, "activity_lines": [ 4.73582, 4.240629, 3.796615, 3.649341 ] }, { "date": "2025-12-05", "close": 5.0, "volume": 62113, "typical_volume": 48953.8, "trend": 3.577449, "fair_value": 5.317714, "relative_strength": 29.584331, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.237157, "energy": 70.602516, "activity_lines": [ 4.930256, 4.44493, 3.935551, 3.743915 ] }, { "date": "2025-12-12", "close": 5.05, "volume": 88256, "typical_volume": 53286.35, "trend": 3.632449, "fair_value": 5.303291, "relative_strength": 30.367255, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.373183, "energy": 56.924383, "activity_lines": [ 5.029358, 4.625594, 4.070868, 3.838918 ] }, { "date": "2025-12-19", "close": 4.94, "volume": 129455, "typical_volume": 59642.1, "trend": 3.683782, "fair_value": 5.290214, "relative_strength": 25.833047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.357793, "energy": 40.254034, "activity_lines": [ 4.975128, 4.751895, 4.186423, 3.923276 ] }, { "date": "2025-12-26", "close": 4.92, "volume": 7059, "typical_volume": 59701.1, "trend": 3.724449, "fair_value": 5.280984, "relative_strength": 24.229578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.32018, "energy": 36.092534, "activity_lines": [ 4.954897, 4.840377, 4.293692, 4.003032 ] }, { "date": "2026-01-02", "close": 5.5, "volume": 32972, "typical_volume": 61274.75, "trend": 3.781782, "fair_value": 5.275086, "relative_strength": 36.176479, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.424096, "energy": 37.526607, "activity_lines": [ 5.14, 5.003405, 4.447342, 4.117584 ] }, { "date": "2026-01-09", "close": 5.15, "volume": 32102, "typical_volume": 62657.7, "trend": 3.836782, "fair_value": 5.263356, "relative_strength": 22.766197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.354768, "energy": 32.487725, "activity_lines": [ 5.162667, 5.076252, 4.55604, 4.205856 ] }, { "date": "2026-01-16", "close": 4.92, "volume": 254774, "typical_volume": 75177.25, "trend": 3.884115, "fair_value": 5.255022, "relative_strength": 14.213112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.443257, "energy": 29.406896, "activity_lines": [ 5.098667, 5.074007, 4.633071, 4.275741 ] }, { "date": "2026-01-23", "close": 5.05, "volume": 144254, "typical_volume": 82383.7, "trend": 3.929115, "fair_value": 5.238676, "relative_strength": 17.49663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.054223, "energy": 27.525914, "activity_lines": [ 5.086667, 5.065944, 4.713721, 4.350959 ] }, { "date": "2026-01-30", "close": 4.74, "volume": 113274, "typical_volume": 87804.8, "trend": 3.977782, "fair_value": 5.225343, "relative_strength": 9.545614, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.618661, "energy": 18.395082, "activity_lines": [ 4.964, 5.010608, 4.755848, 4.403274 ] }, { "date": "2026-02-06", "close": 3.92, "volume": 428663, "typical_volume": 108889.0, "trend": 4.000449, "fair_value": 5.202394, "relative_strength": -12.15602, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.603887, "energy": 11.99697, "activity_lines": [ 4.58, 4.812727, 4.713498, 4.399547 ] }, { "date": "2026-02-13", "close": 4.36, "volume": 208856, "typical_volume": 118875.5, "trend": 4.037782, "fair_value": 5.182266, "relative_strength": -2.514228, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.617466, "energy": 14.843276, "activity_lines": [ 4.448, 4.711091, 4.70991, 4.422743 ] }, { "date": "2026-02-20", "close": 3.66, "volume": 280873, "typical_volume": 132870.3, "trend": 4.056449, "fair_value": 5.15765, "relative_strength": -19.65426, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.408096, "energy": 14.697603, "activity_lines": [ 4.135333, 4.493818, 4.634132, 4.39837 ] }, { "date": "2026-02-27", "close": 3.5, "volume": 327739, "typical_volume": 149222.45, "trend": 4.053115, "fair_value": 5.13265, "relative_strength": -23.972231, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.984607, "energy": 34.208154, "activity_lines": [ 3.853333, 4.272727, 4.540734, 4.362471 ] }, { "date": "2026-03-06", "close": 4.02, "volume": 287728, "typical_volume": 163225.25, "trend": 4.085115, "fair_value": 5.110343, "relative_strength": -7.424488, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.744022, "energy": 32.942575, "activity_lines": [ 3.848, 4.172364, 4.494765, 4.360334 ] }, { "date": "2026-03-13", "close": 3.66, "volume": 238917, "typical_volume": 175021.6, "trend": 4.105115, "fair_value": 5.086368, "relative_strength": -15.047033, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.492172, "energy": 35.642944, "activity_lines": [ 3.770667, 4.022909, 4.410701, 4.332907 ] }, { "date": "2026-03-20", "close": 3.38, "volume": 145017, "typical_volume": 182129.25, "trend": 4.114449, "fair_value": 5.065984, "relative_strength": -17.073835, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.100009, "energy": 32.925966, "activity_lines": [ 3.617333, 3.856, 4.30178, 4.286126 ] }, { "date": "2026-03-27", "close": 2.9, "volume": 254282, "typical_volume": 194212.05, "trend": 4.108449, "fair_value": 5.037138, "relative_strength": -28.570999, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.498466, "energy": 38.775214, "activity_lines": [ 3.369333, 3.634, 4.146859, 4.207774 ] }, { "date": "2026-04-03", "close": 3.0, "volume": 129340, "typical_volume": 165818.4, "trend": 4.103115, "fair_value": 5.009573, "relative_strength": -28.0176, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.223195, "energy": 46.650972, "activity_lines": [ 3.205333, 3.466909, 4.003366, 4.136261 ] }, { "date": "2026-04-10", "close": 2.92, "volume": 192638, "typical_volume": 173680.75, "trend": 4.087115, "fair_value": 4.981497, "relative_strength": -32.716497, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.452739, "energy": 60.320888, "activity_lines": [ 3.048, 3.322545, 3.864397, 4.059931 ] }, { "date": "2026-04-17", "close": 2.78, "volume": 577200, "typical_volume": 196775.6, "trend": 4.071115, "fair_value": 4.954766, "relative_strength": -36.322786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.253765, "energy": 64.614698, "activity_lines": [ 2.917333, 3.185818, 3.722476, 3.975601 ] }, { "date": "2026-04-24", "close": 2.76, "volume": 140125, "typical_volume": 200676.2, "trend": 4.056449, "fair_value": 4.928227, "relative_strength": -34.660678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.351286, "energy": 60.692605, "activity_lines": [ 2.838667, 3.066182, 3.588333, 3.891013 ] }, { "date": "2026-05-01", "close": 2.6, "volume": 58104, "typical_volume": 199168.6, "trend": 4.037782, "fair_value": 4.900663, "relative_strength": -37.124592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.730545, "energy": 60.736627, "activity_lines": [ 2.748, 2.946545, 3.449619, 3.797049 ] }, { "date": "2026-05-08", "close": 2.66, "volume": 220905, "typical_volume": 203741.1, "trend": 4.024449, "fair_value": 4.873484, "relative_strength": -35.356027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.077813, "energy": 60.35823, "activity_lines": [ 2.697333, 2.857091, 3.328286, 3.70816 ] }, { "date": "2026-05-15", "close": 2.6, "volume": 251466, "typical_volume": 215961.45, "trend": 4.003782, "fair_value": 4.848163, "relative_strength": -35.594758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.818797, "energy": 53.119575, "activity_lines": [ 2.649333, 2.772, 3.212095, 3.61626 ] }, { "date": "2026-05-22", "close": 2.7, "volume": 288191, "typical_volume": 228722.4, "trend": 3.959115, "fair_value": 4.823804, "relative_strength": -34.966906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.583609, "energy": 49.928916, "activity_lines": [ 2.656, 2.730909, 3.116476, 3.532145 ] }, { "date": "2026-05-29", "close": 3.56, "volume": 2076461, "typical_volume": 330940.35, "trend": 3.967115, "fair_value": 4.800471, "relative_strength": -13.594913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.912597, "energy": 26.239249, "activity_lines": [ 2.954667, 2.863636, 3.116095, 3.506395 ] }, { "date": "2026-06-05", "close": 3.08, "volume": 199049, "typical_volume": 328154.1, "trend": 3.959782, "fair_value": 4.778548, "relative_strength": -24.157327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.571905, "energy": 20.200294, "activity_lines": [ 3.04, 2.905818, 3.077571, 3.449162 ] }, { "date": "2026-06-12", "close": 2.74, "volume": 72495, "typical_volume": 324566.15, "trend": 3.866115, "fair_value": 4.754445, "relative_strength": -31.922752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.584969, "energy": 20.191276, "activity_lines": [ 2.98, 2.882909, 3.015429, 3.370466 ] }, { "date": "2026-06-19", "close": 3.5, "volume": 2427814, "typical_volume": 440293.15, "trend": 3.812782, "fair_value": 4.734573, "relative_strength": -14.401028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.488004, "energy": 16.43737, "activity_lines": [ 3.168, 3.002909, 3.036667, 3.346846 ] }, { "date": "2026-06-26", "close": 3.68, "volume": 307909, "typical_volume": 434255.45, "trend": 3.775, "fair_value": 4.714573, "relative_strength": -8.861153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.787117, "energy": 8.487655, "activity_lines": [ 3.356, 3.145091, 3.080952, 3.33828 ] }, { "date": "2026-07-03", "close": 3.58, "volume": 54410, "typical_volume": 426533.15, "trend": 3.727667, "fair_value": 4.695856, "relative_strength": -13.627053, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.951684, "energy": 11.365006, "activity_lines": [ 3.445333, 3.252727, 3.116857, 3.325699 ] }, { "date": "2026-07-10", "close": 3.72, "volume": 477164, "typical_volume": 436347.7, "trend": 3.683333, "fair_value": 4.678356, "relative_strength": -8.151763, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.604884, "energy": 15.725761, "activity_lines": [ 3.58, 3.370909, 3.16981, 3.325204 ] }, { "date": "2026-07-17", "close": 3.18, "volume": 716582, "typical_volume": 455789.85, "trend": 3.624667, "fair_value": 4.662843, "relative_strength": -20.400772, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.383455, "energy": 12.658991, "activity_lines": [ 3.492, 3.370545, 3.171048, 3.292731 ] }, { "date": "2026-07-24", "close": 3.16, "volume": 348711, "typical_volume": 458839.0, "trend": 3.566, "fair_value": 4.647202, "relative_strength": -21.965168, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.164889, "energy": 7.846052, "activity_lines": [ 3.368, 3.357091, 3.171905, 3.262753 ] }, { "date": "2026-07-31", "close": 3.38, "volume": 603313, "typical_volume": 477058.8, "trend": 3.495333, "fair_value": 4.62624, "relative_strength": -17.270701, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.945299, "energy": 8.988863, "activity_lines": [ 3.34, 3.373455, 3.19781, 3.250753 ] }, { "date": "2026-08-07", "close": 4.24, "volume": 2754370, "typical_volume": 607526.45, "trend": 3.465, "fair_value": 4.605984, "relative_strength": 1.5669, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.030541, "energy": 18.122266, "activity_lines": [ 3.618667, 3.533818, 3.306952, 3.298796 ] } ], "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." } } }