{ "ticker": { "uuid": "491a0c10-7725-4bd7-baf2-dce0d3da91c5", "symbol": "HBSA3", "name": "Hidrovias do Brasil 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -70.742, "architecture_energy": 63.382, "architecture_maturity": 40.683, "architecture_confidence": 89.267, "architecture_tenure": "Established", "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": 27.53, "rotation_up": 13.05, "upward_expansion": 12.3, "deceleration": 39.53, "rotation_down": 64.61, "downward_expansion": 83.3 }, "activity_lines": [ 3.204, 3.302182, 3.343952, 3.459398 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 3.05, "trend_reference": 3.624667, "distance_from_trend": -0.158543, "trend_direction": "Weakening", "fair_value": 3.534159, "distance_from_fair_value": -0.136994, "fair_value_direction": "Weakening", "relative_strength": -20.026886, "relative_strength_direction": "Improving", "price_momentum": -0.223919, "excess_performance": -0.16687, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.158543, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.040924, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.136994, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.108126, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.200269, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.008237, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.223919, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.196827, "read": "Supply-led" } ], "volume": { "latest": 5440900, "relative_activity": 0.70035, "balance": 0.196827, "dry_up": 0.764523, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.083228, "annualized_volatility": 0.416757, "from_high_reference": -0.305239, "from_low_reference": 0.02349 }, "levels": { "trend_reference": 3.624667, "fair_value_reference": 3.534159, "structural_low": 2.98, "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": 22, "median_return": 0.001189, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.006656, "regime_survival": 0.818182, "best_return": 0.221591, "worst_return": -0.235088, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.003606, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.048275, "regime_survival": 0.5, "best_return": 0.514551, "worst_return": -0.216236, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.0, "positive_rate": 0.4, "directional_follow_through": 0.2, "median_excess_return": -0.040606, "regime_survival": 0.2, "best_return": 0.883178, "worst_return": -0.384502, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.523207, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.1361, "regime_survival": 0.333333, "best_return": 0.590361, "worst_return": -0.306407, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-29", "end": "2024-02-09", "tenure": "Developing", "return": -0.07868, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-16", "end": "2024-03-22", "tenure": "Developing", "return": -0.008357, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-03-29", "end": "2024-04-26", "tenure": "Developing", "return": 0.006993, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-03", "end": "2024-06-07", "tenure": "Developing", "return": -0.170787, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-08-30", "tenure": "Developing", "return": -0.035912, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2025-05-02", "tenure": "Extended", "return": -0.138418, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-09", "end": "2025-06-13", "tenure": "Developing", "return": 0.289199, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-08-29", "tenure": "Developing", "return": -0.051351, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-10-17", "tenure": "Developing", "return": 0.115493, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-12-19", "tenure": "Developing", "return": -0.085366, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": 0.153631, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-04-17", "tenure": "Developing", "return": -0.064356, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": 0.003003, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": -0.115942, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.11, "volume": 44787300, "typical_volume": 34335260.0, "trend": 2.824667, "fair_value": 3.995197, "relative_strength": 48.700546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.320427, "energy": 80.340107, "activity_lines": [ 4.016, 3.826909, 3.55719, 3.238538 ] }, { "date": "2023-08-25", "close": 4.04, "volume": 70722600, "typical_volume": 36819300.0, "trend": 2.887, "fair_value": 3.99549, "relative_strength": 44.187958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.386374, "energy": 65.056413, "activity_lines": [ 4.042, 3.885636, 3.631952, 3.316946 ] }, { "date": "2023-09-01", "close": 4.09, "volume": 98730000, "typical_volume": 40464635.0, "trend": 2.952, "fair_value": 3.996104, "relative_strength": 42.115976, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.272574, "energy": 57.584927, "activity_lines": [ 4.062, 3.948182, 3.702143, 3.394559 ] }, { "date": "2023-09-08", "close": 4.27, "volume": 59039500, "typical_volume": 42390495.0, "trend": 3.034, "fair_value": 3.997871, "relative_strength": 49.966453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.453117, "energy": 60.539009, "activity_lines": [ 4.135333, 4.034727, 3.781762, 3.479591 ] }, { "date": "2023-09-15", "close": 4.55, "volume": 35952900, "typical_volume": 43315500.0, "trend": 3.121333, "fair_value": 4.00141, "relative_strength": 53.289104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.946752, "energy": 66.623523, "activity_lines": [ 4.286, 4.152364, 3.879429, 3.577398 ] }, { "date": "2023-09-22", "close": 4.6, "volume": 36077700, "typical_volume": 44418980.0, "trend": 3.217, "fair_value": 3.983333, "relative_strength": 56.650229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.512764, "energy": 82.556537, "activity_lines": [ 4.415333, 4.258545, 3.972381, 3.672796 ] }, { "date": "2023-09-29", "close": 4.58, "volume": 39580200, "typical_volume": 45061190.0, "trend": 3.311, "fair_value": 3.966923, "relative_strength": 53.159422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.870756, "energy": 85.147421, "activity_lines": [ 4.505333, 4.339273, 4.054286, 3.760731 ] }, { "date": "2023-10-06", "close": 4.0, "volume": 77227500, "typical_volume": 47740180.0, "trend": 3.378, "fair_value": 3.949295, "relative_strength": 35.222017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.588943, "energy": 56.573567, "activity_lines": [ 4.366, 4.298545, 4.072571, 3.805183 ] }, { "date": "2023-10-13", "close": 3.78, "volume": 53310000, "typical_volume": 48883420.0, "trend": 3.438333, "fair_value": 3.929359, "relative_strength": 24.976925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.512716, "energy": 33.008495, "activity_lines": [ 4.159333, 4.217636, 4.06481, 3.831118 ] }, { "date": "2023-10-20", "close": 3.9, "volume": 47097000, "typical_volume": 50060820.0, "trend": 3.502, "fair_value": 3.910449, "relative_strength": 30.62076, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.141829, "energy": 24.979395, "activity_lines": [ 4.025333, 4.163091, 4.065952, 3.860903 ] }, { "date": "2023-10-27", "close": 4.0, "volume": 32842600, "typical_volume": 50400805.0, "trend": 3.563667, "fair_value": 3.898269, "relative_strength": 32.579453, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.774289, "energy": 28.122987, "activity_lines": [ 3.968, 4.128182, 4.074429, 3.893032 ] }, { "date": "2023-11-03", "close": 3.84, "volume": 68394100, "typical_volume": 52717430.0, "trend": 3.622333, "fair_value": 3.880385, "relative_strength": 21.448663, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.583581, "energy": 21.833848, "activity_lines": [ 3.897333, 4.066182, 4.064048, 3.91086 ] }, { "date": "2023-11-10", "close": 3.96, "volume": 46354600, "typical_volume": 53552420.0, "trend": 3.672, "fair_value": 3.865385, "relative_strength": 22.005653, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.854147, "energy": 14.057843, "activity_lines": [ 3.916, 4.029636, 4.064667, 3.932645 ] }, { "date": "2023-11-17", "close": 3.43, "volume": 97598700, "typical_volume": 56139965.0, "trend": 3.704333, "fair_value": 3.846026, "relative_strength": 1.678898, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.717963, "energy": 20.750407, "activity_lines": [ 3.760667, 3.899091, 4.013143, 3.917032 ] }, { "date": "2023-11-24", "close": 3.59, "volume": 45939700, "typical_volume": 54141630.0, "trend": 3.738667, "fair_value": 3.824487, "relative_strength": 5.589304, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.206894, "energy": 30.568696, "activity_lines": [ 3.682, 3.812909, 3.975667, 3.909656 ] }, { "date": "2023-12-01", "close": 3.74, "volume": 39156500, "typical_volume": 51862780.0, "trend": 3.774, "fair_value": 3.802628, "relative_strength": 7.394792, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.697246, "energy": 36.402914, "activity_lines": [ 3.674, 3.771455, 3.951667, 3.909742 ] }, { "date": "2023-12-08", "close": 3.71, "volume": 39525400, "typical_volume": 51361315.0, "trend": 3.803667, "fair_value": 3.784231, "relative_strength": 6.871151, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.686195, "energy": 38.81717, "activity_lines": [ 3.673333, 3.740182, 3.92319, 3.905613 ] }, { "date": "2023-12-15", "close": 3.75, "volume": 25608900, "typical_volume": 51502540.0, "trend": 3.831, "fair_value": 3.765128, "relative_strength": 4.951856, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.230891, "energy": 22.007102, "activity_lines": [ 3.694667, 3.732, 3.898476, 3.902151 ] }, { "date": "2023-12-22", "close": 3.86, "volume": 20172600, "typical_volume": 51062135.0, "trend": 3.851333, "fair_value": 3.745833, "relative_strength": 5.398603, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.381786, "energy": 9.534491, "activity_lines": [ 3.766667, 3.748364, 3.885381, 3.904022 ] }, { "date": "2023-12-29", "close": 3.94, "volume": 9864700, "typical_volume": 49399125.0, "trend": 3.868, "fair_value": 3.726859, "relative_strength": 5.78432, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.382971, "energy": 6.461374, "activity_lines": [ 3.836667, 3.777818, 3.880714, 3.909742 ] }, { "date": "2024-01-05", "close": 3.69, "volume": 20729200, "typical_volume": 48196220.0, "trend": 3.883, "fair_value": 3.709679, "relative_strength": 0.094335, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.479458, "energy": 9.584603, "activity_lines": [ 3.8, 3.761091, 3.852429, 3.898258 ] }, { "date": "2024-01-12", "close": 3.85, "volume": 20100700, "typical_volume": 45665125.0, "trend": 3.886333, "fair_value": 3.690769, "relative_strength": 4.526232, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.841677, "energy": 7.441375, "activity_lines": [ 3.82, 3.779091, 3.841381, 3.896129 ] }, { "date": "2024-01-19", "close": 3.79, "volume": 19423800, "typical_volume": 41699815.0, "trend": 3.892333, "fair_value": 3.66859, "relative_strength": 4.843182, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.524349, "energy": 14.040818, "activity_lines": [ 3.810667, 3.786, 3.825524, 3.889914 ] }, { "date": "2024-01-26", "close": 3.7, "volume": 16155200, "typical_volume": 39555600.0, "trend": 3.909667, "fair_value": 3.649359, "relative_strength": 0.65466, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.770712, "energy": 25.684102, "activity_lines": [ 3.768667, 3.779636, 3.802524, 3.877505 ] }, { "date": "2024-02-02", "close": 3.74, "volume": 18941400, "typical_volume": 38705025.0, "trend": 3.920333, "fair_value": 3.630769, "relative_strength": 2.501245, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.852062, "energy": 23.920633, "activity_lines": [ 3.750667, 3.775636, 3.786048, 3.866559 ] }, { "date": "2024-02-09", "close": 3.63, "volume": 19044900, "typical_volume": 37853385.0, "trend": 3.928, "fair_value": 3.6125, "relative_strength": -1.933046, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.604527, "energy": 40.962743, "activity_lines": [ 3.709333, 3.748909, 3.762952, 3.847828 ] }, { "date": "2024-02-16", "close": 3.59, "volume": 13435200, "typical_volume": 36546135.0, "trend": 3.924333, "fair_value": 3.592564, "relative_strength": -4.193067, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.906172, "energy": 57.007154, "activity_lines": [ 3.658667, 3.716909, 3.740667, 3.826022 ] }, { "date": "2024-02-23", "close": 3.77, "volume": 19500800, "typical_volume": 33659800.0, "trend": 3.917, "fair_value": 3.575449, "relative_strength": -0.766589, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.739669, "energy": 41.580137, "activity_lines": [ 3.685333, 3.719818, 3.740238, 3.816065 ] }, { "date": "2024-03-01", "close": 3.74, "volume": 18105400, "typical_volume": 31899570.0, "trend": 3.907333, "fair_value": 3.561218, "relative_strength": -2.143829, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.844772, "energy": 29.960734, "activity_lines": [ 3.703333, 3.716909, 3.738048, 3.804645 ] }, { "date": "2024-03-08", "close": 3.51, "volume": 33322900, "typical_volume": 31210865.0, "trend": 3.891667, "fair_value": 3.549231, "relative_strength": -7.145498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.538563, "energy": 36.40714, "activity_lines": [ 3.642, 3.674364, 3.714143, 3.779011 ] }, { "date": "2024-03-15", "close": 3.5, "volume": 17448800, "typical_volume": 30441175.0, "trend": 3.871333, "fair_value": 3.534231, "relative_strength": -7.665007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.818188, "energy": 36.945839, "activity_lines": [ 3.592667, 3.637818, 3.691143, 3.753742 ] }, { "date": "2024-03-22", "close": 3.56, "volume": 15435400, "typical_volume": 27793240.0, "trend": 3.855333, "fair_value": 3.518974, "relative_strength": -6.765829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.918276, "energy": 41.358209, "activity_lines": [ 3.572, 3.615636, 3.676238, 3.733656 ] }, { "date": "2024-03-29", "close": 4.29, "volume": 87240300, "typical_volume": 29837525.0, "trend": 3.862, "fair_value": 3.507821, "relative_strength": 10.530318, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -0.789207, "energy": 4.029127, "activity_lines": [ 3.796667, 3.731455, 3.73219, 3.761699 ] }, { "date": "2024-04-05", "close": 4.16, "volume": 31034000, "typical_volume": 26509290.0, "trend": 3.858333, "fair_value": 3.495192, "relative_strength": 7.458455, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.039061, "energy": 29.315351, "activity_lines": [ 3.943333, 3.814545, 3.77419, 3.780925 ] }, { "date": "2024-04-12", "close": 4.09, "volume": 41633300, "typical_volume": 26293970.0, "trend": 3.843, "fair_value": 3.482436, "relative_strength": 5.747436, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.58029, "energy": 45.737685, "activity_lines": [ 4.038667, 3.876545, 3.806048, 3.795871 ] }, { "date": "2024-04-19", "close": 4.14, "volume": 46346300, "typical_volume": 26653460.0, "trend": 3.827667, "fair_value": 3.466923, "relative_strength": 7.105104, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.752992, "energy": 56.760028, "activity_lines": [ 4.112, 3.941273, 3.840286, 3.815032 ] }, { "date": "2024-04-26", "close": 4.32, "volume": 34398600, "typical_volume": 26397120.0, "trend": 3.819, "fair_value": 3.451282, "relative_strength": 9.864855, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.110506, "energy": 74.059355, "activity_lines": [ 4.202667, 4.029455, 3.889762, 3.846796 ] }, { "date": "2024-05-03", "close": 4.45, "volume": 87020000, "typical_volume": 29467675.0, "trend": 3.834, "fair_value": 3.436026, "relative_strength": 10.797993, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.442104, "energy": 75.875647, "activity_lines": [ 4.286, 4.128, 3.948714, 3.887505 ] }, { "date": "2024-05-10", "close": 4.24, "volume": 30502400, "typical_volume": 29984165.0, "trend": 3.849333, "fair_value": 3.419872, "relative_strength": 5.850513, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.31538, "energy": 60.214539, "activity_lines": [ 4.288667, 4.176, 3.984333, 3.913699 ] }, { "date": "2024-05-17", "close": 4.17, "volume": 15409700, "typical_volume": 30261415.0, "trend": 3.858333, "fair_value": 3.403397, "relative_strength": 3.270576, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.404166, "energy": 44.658583, "activity_lines": [ 4.262667, 4.202182, 4.011476, 3.934387 ] }, { "date": "2024-05-24", "close": 4.02, "volume": 26835700, "typical_volume": 30566740.0, "trend": 3.859, "fair_value": 3.385577, "relative_strength": 2.44545, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.743018, "energy": 31.254952, "activity_lines": [ 4.181333, 4.189091, 4.023238, 3.944817 ] }, { "date": "2024-05-31", "close": 4.01, "volume": 22643100, "typical_volume": 30693860.0, "trend": 3.864667, "fair_value": 3.369487, "relative_strength": 3.894275, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.082932, "energy": 19.043004, "activity_lines": [ 4.104667, 4.164727, 4.032476, 3.954559 ] }, { "date": "2024-06-07", "close": 3.69, "volume": 26862900, "typical_volume": 31065815.0, "trend": 3.855667, "fair_value": 3.354167, "relative_strength": -3.511157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 7.465709, "energy": 15.25553, "activity_lines": [ 3.942, 4.074, 4.010476, 3.94329 ] }, { "date": "2024-06-14", "close": 3.62, "volume": 14490700, "typical_volume": 30982590.0, "trend": 3.862, "fair_value": 3.337756, "relative_strength": -4.39053, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.243393, "energy": 28.683725, "activity_lines": [ 3.806667, 3.981455, 3.982286, 3.928086 ] }, { "date": "2024-06-21", "close": 3.77, "volume": 14310800, "typical_volume": 30751060.0, "trend": 3.868, "fair_value": 3.323141, "relative_strength": -1.849978, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.997842, "energy": 25.532768, "activity_lines": [ 3.762667, 3.926, 3.968762, 3.922151 ] }, { "date": "2024-06-28", "close": 3.71, "volume": 16504500, "typical_volume": 30624040.0, "trend": 3.867, "fair_value": 3.305, "relative_strength": -5.585087, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.519408, "energy": 33.321795, "activity_lines": [ 3.725333, 3.865455, 3.949381, 3.911957 ] }, { "date": "2024-07-05", "close": 4.0, "volume": 15201900, "typical_volume": 30712375.0, "trend": 3.876667, "fair_value": 3.290385, "relative_strength": -0.2838, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.83401, "energy": 21.365379, "activity_lines": [ 3.805333, 3.865455, 3.957238, 3.920538 ] }, { "date": "2024-07-12", "close": 4.0, "volume": 16291700, "typical_volume": 30551920.0, "trend": 3.885, "fair_value": 3.275641, "relative_strength": -2.445257, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.0936, "energy": 6.075424, "activity_lines": [ 3.886, 3.871273, 3.963143, 3.928495 ] }, { "date": "2024-07-19", "close": 3.77, "volume": 23525100, "typical_volume": 30822905.0, "trend": 3.882, "fair_value": 3.262372, "relative_strength": -7.062274, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.784311, "energy": 4.029363, "activity_lines": [ 3.869333, 3.843455, 3.946048, 3.921075 ] }, { "date": "2024-07-26", "close": 3.6, "volume": 28790800, "typical_volume": 30596300.0, "trend": 3.870667, "fair_value": 3.25, "relative_strength": -10.899347, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.091426, "energy": 13.424405, "activity_lines": [ 3.786, 3.793273, 3.912619, 3.902882 ] }, { "date": "2024-08-02", "close": 3.49, "volume": 13955300, "typical_volume": 30421625.0, "trend": 3.864, "fair_value": 3.239231, "relative_strength": -12.178376, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.445404, "energy": 37.231412, "activity_lines": [ 3.677333, 3.733455, 3.868286, 3.878323 ] }, { "date": "2024-08-09", "close": 3.8, "volume": 9187800, "typical_volume": 30109245.0, "trend": 3.862333, "fair_value": 3.234808, "relative_strength": -7.603282, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.854597, "energy": 37.283743, "activity_lines": [ 3.686667, 3.739636, 3.853524, 3.874194 ] }, { "date": "2024-08-16", "close": 3.59, "volume": 12848200, "typical_volume": 26389640.0, "trend": 3.855667, "fair_value": 3.227244, "relative_strength": -14.424063, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.743878, "energy": 41.595882, "activity_lines": [ 3.639333, 3.711455, 3.817619, 3.856624 ] }, { "date": "2024-08-23", "close": 3.79, "volume": 12296400, "typical_volume": 25452760.0, "trend": 3.858667, "fair_value": 3.221154, "relative_strength": -10.37789, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.457266, "energy": 33.665734, "activity_lines": [ 3.686, 3.721455, 3.804095, 3.852387 ] }, { "date": "2024-08-30", "close": 3.49, "volume": 17950300, "typical_volume": 24268610.0, "trend": 3.850333, "fair_value": 3.214167, "relative_strength": -17.251415, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.008483, "energy": 32.317734, "activity_lines": [ 3.631333, 3.673818, 3.763762, 3.828602 ] }, { "date": "2024-09-06", "close": 3.54, "volume": 10180600, "typical_volume": 22460325.0, "trend": 3.847333, "fair_value": 3.209423, "relative_strength": -14.604847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.322063, "energy": 34.821363, "activity_lines": [ 3.600667, 3.640364, 3.731048, 3.808581 ] }, { "date": "2024-09-13", "close": 3.52, "volume": 9682900, "typical_volume": 21224540.0, "trend": 3.845, "fair_value": 3.204808, "relative_strength": -14.631402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.09618, "energy": 34.294083, "activity_lines": [ 3.56, 3.606364, 3.699286, 3.787462 ] }, { "date": "2024-09-20", "close": 3.42, "volume": 7963500, "typical_volume": 17271715.0, "trend": 3.833333, "fair_value": 3.201603, "relative_strength": -13.906787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.03075, "energy": 53.793742, "activity_lines": [ 3.504667, 3.562909, 3.66181, 3.760043 ] }, { "date": "2024-09-27", "close": 3.44, "volume": 12218700, "typical_volume": 16357530.0, "trend": 3.823333, "fair_value": 3.198846, "relative_strength": -13.757778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.748051, "energy": 51.833726, "activity_lines": [ 3.467333, 3.533636, 3.631143, 3.734667 ] }, { "date": "2024-10-04", "close": 3.41, "volume": 12523700, "typical_volume": 16213230.0, "trend": 3.82, "fair_value": 3.195, "relative_strength": -13.393699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.190082, "energy": 53.132172, "activity_lines": [ 3.443333, 3.504909, 3.601429, 3.708 ] }, { "date": "2024-10-11", "close": 3.26, "volume": 25746600, "typical_volume": 16158775.0, "trend": 3.812, "fair_value": 3.189038, "relative_strength": -15.645454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.729693, "energy": 58.933738, "activity_lines": [ 3.374667, 3.452364, 3.561048, 3.671871 ] }, { "date": "2024-10-18", "close": 3.35, "volume": 14658400, "typical_volume": 15759540.0, "trend": 3.805, "fair_value": 3.189487, "relative_strength": -13.159362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.69146, "energy": 50.757441, "activity_lines": [ 3.354667, 3.420364, 3.532857, 3.642065 ] }, { "date": "2024-10-25", "close": 3.21, "volume": 12048700, "typical_volume": 15018830.0, "trend": 3.769, "fair_value": 3.190962, "relative_strength": -15.820282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.461952, "energy": 58.052984, "activity_lines": [ 3.299333, 3.371091, 3.494476, 3.603677 ] }, { "date": "2024-11-01", "close": 3.07, "volume": 10996600, "typical_volume": 14844125.0, "trend": 3.732667, "fair_value": 3.191667, "relative_strength": -17.919189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.407866, "energy": 70.034051, "activity_lines": [ 3.211333, 3.303273, 3.445048, 3.558581 ] }, { "date": "2024-11-08", "close": 3.25, "volume": 17628700, "typical_volume": 15010020.0, "trend": 3.704667, "fair_value": 3.192436, "relative_strength": -12.482103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.340216, "energy": 61.879933, "activity_lines": [ 3.208, 3.281273, 3.415381, 3.527441 ] }, { "date": "2024-11-15", "close": 3.2, "volume": 17467200, "typical_volume": 15058155.0, "trend": 3.673333, "fair_value": 3.193654, "relative_strength": -13.666563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.197526, "energy": 61.216387, "activity_lines": [ 3.198667, 3.254545, 3.383429, 3.494882 ] }, { "date": "2024-11-22", "close": 3.25, "volume": 13932200, "typical_volume": 14994670.0, "trend": 3.637667, "fair_value": 3.195192, "relative_strength": -13.02584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.760514, "energy": 51.442795, "activity_lines": [ 3.21, 3.243091, 3.358667, 3.46757 ] }, { "date": "2024-11-29", "close": 3.0, "volume": 32904000, "typical_volume": 15825285.0, "trend": 3.589333, "fair_value": 3.194808, "relative_strength": -17.214163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.908955, "energy": 52.732465, "activity_lines": [ 3.144667, 3.191091, 3.313667, 3.42643 ] }, { "date": "2024-12-06", "close": 2.78, "volume": 24897800, "typical_volume": 15893920.0, "trend": 3.540667, "fair_value": 3.191218, "relative_strength": -23.089365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.771211, "energy": 69.115301, "activity_lines": [ 3.02, 3.106727, 3.252476, 3.374215 ] }, { "date": "2024-12-13", "close": 2.84, "volume": 21078600, "typical_volume": 15508310.0, "trend": 3.496333, "fair_value": 3.18859, "relative_strength": -20.267117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.458145, "energy": 72.316998, "activity_lines": [ 2.934667, 3.045273, 3.201714, 3.329011 ] }, { "date": "2024-12-20", "close": 2.95, "volume": 16294800, "typical_volume": 15625285.0, "trend": 3.460667, "fair_value": 3.186154, "relative_strength": -15.195846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.901985, "energy": 66.548981, "activity_lines": [ 2.913333, 3.014182, 3.165048, 3.293763 ] }, { "date": "2024-12-27", "close": 2.78, "volume": 7116600, "typical_volume": 15521725.0, "trend": 3.419667, "fair_value": 3.181859, "relative_strength": -18.521246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.131554, "energy": 67.455937, "activity_lines": [ 2.852, 2.957818, 3.114762, 3.249849 ] }, { "date": "2025-01-03", "close": 2.72, "volume": 10538600, "typical_volume": 15406245.0, "trend": 3.387333, "fair_value": 3.180641, "relative_strength": -18.836993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.835335, "energy": 60.109345, "activity_lines": [ 2.802, 2.900909, 3.063619, 3.20471 ] }, { "date": "2025-01-10", "close": 2.71, "volume": 13283600, "typical_volume": 15455605.0, "trend": 3.357, "fair_value": 3.179423, "relative_strength": -18.991959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.22475, "energy": 55.847507, "activity_lines": [ 2.767333, 2.851091, 3.015667, 3.161011 ] }, { "date": "2025-01-17", "close": 2.95, "volume": 18690100, "typical_volume": 15492595.0, "trend": 3.329667, "fair_value": 3.178974, "relative_strength": -14.00807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.828916, "energy": 44.102862, "activity_lines": [ 2.817333, 2.851455, 2.995714, 3.134753 ] }, { "date": "2025-01-24", "close": 2.85, "volume": 22821000, "typical_volume": 16124615.0, "trend": 3.301, "fair_value": 3.178333, "relative_strength": -16.679464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.187823, "energy": 38.393545, "activity_lines": [ 2.826667, 2.839091, 2.96881, 3.103806 ] }, { "date": "2025-01-31", "close": 2.65, "volume": 9993300, "typical_volume": 16140135.0, "trend": 3.256, "fair_value": 3.177372, "relative_strength": -24.354426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.998269, "energy": 41.446394, "activity_lines": [ 2.776, 2.796727, 2.926143, 3.061806 ] }, { "date": "2025-02-07", "close": 2.45, "volume": 6381600, "typical_volume": 16061040.0, "trend": 3.204333, "fair_value": 3.174936, "relative_strength": -28.784045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.753927, "energy": 47.88965, "activity_lines": [ 2.667333, 2.728909, 2.868571, 3.009806 ] }, { "date": "2025-02-14", "close": 2.49, "volume": 9849500, "typical_volume": 15942580.0, "trend": 3.161667, "fair_value": 3.171923, "relative_strength": -29.236038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.963818, "energy": 55.927978, "activity_lines": [ 2.59, 2.678364, 2.819429, 2.96372 ] }, { "date": "2025-02-21", "close": 2.18, "volume": 14223700, "typical_volume": 16027580.0, "trend": 3.114333, "fair_value": 3.166474, "relative_strength": -36.985226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.698885, "energy": 75.464586, "activity_lines": [ 2.424, 2.576727, 2.745286, 2.900387 ] }, { "date": "2025-02-28", "close": 1.98, "volume": 46206500, "typical_volume": 17050575.0, "trend": 3.064, "fair_value": 3.160833, "relative_strength": -40.206715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.90028, "energy": 83.117259, "activity_lines": [ 2.242667, 2.450727, 2.657952, 2.827204 ] }, { "date": "2025-03-07", "close": 2.178863, "volume": 21802553, "typical_volume": 17407782.65, "trend": 3.009962, "fair_value": 3.15698, "relative_strength": -34.904663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.460226, "energy": 77.843825, "activity_lines": [ 2.185621, 2.378521, 2.595654, 2.770099 ] }, { "date": "2025-03-14", "close": 2.23, "volume": 16541200, "typical_volume": 17632407.65, "trend": 2.964629, "fair_value": 3.153262, "relative_strength": -34.920535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.402894, "energy": 73.413061, "activity_lines": [ 2.17703, 2.326541, 2.543802, 2.719779 ] }, { "date": "2025-03-21", "close": 2.27, "volume": 35638300, "typical_volume": 18864492.65, "trend": 2.913962, "fair_value": 3.146147, "relative_strength": -34.937082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.705976, "energy": 57.193086, "activity_lines": [ 2.196439, 2.290744, 2.500426, 2.674964 ] }, { "date": "2025-03-28", "close": 2.28, "volume": 10344600, "typical_volume": 18500287.65, "trend": 2.873629, "fair_value": 3.138262, "relative_strength": -33.646736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.317202, "energy": 45.286278, "activity_lines": [ 2.233848, 2.264764, 2.461813, 2.634063 ] }, { "date": "2025-04-04", "close": 2.21, "volume": 14751300, "typical_volume": 18364492.65, "trend": 2.829295, "fair_value": 3.131595, "relative_strength": -32.567071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.400607, "energy": 37.562319, "activity_lines": [ 2.241258, 2.23824, 2.421151, 2.591248 ] }, { "date": "2025-04-11", "close": 2.26, "volume": 20551300, "typical_volume": 18695447.65, "trend": 2.787295, "fair_value": 3.125377, "relative_strength": -30.504845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.913232, "energy": 32.470779, "activity_lines": [ 2.25, 2.232442, 2.389966, 2.55452 ] }, { "date": "2025-04-18", "close": 2.68, "volume": 40382000, "typical_volume": 19069347.65, "trend": 2.762629, "fair_value": 3.121788, "relative_strength": -18.072701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.756445, "energy": 15.316121, "activity_lines": [ 2.393333, 2.310099, 2.403496, 2.547597 ] }, { "date": "2025-04-25", "close": 2.8, "volume": 11531100, "typical_volume": 18401012.65, "trend": 2.741295, "fair_value": 3.119288, "relative_strength": -16.789744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.626496, "energy": 13.934771, "activity_lines": [ 2.546667, 2.405393, 2.429977, 2.550008 ] }, { "date": "2025-05-02", "close": 3.05, "volume": 12142500, "typical_volume": 17954207.65, "trend": 2.729295, "fair_value": 3.121211, "relative_strength": -8.778219, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.557308, "energy": 37.080465, "activity_lines": [ 2.748, 2.540504, 2.480173, 2.569925 ] }, { "date": "2025-05-09", "close": 2.87, "volume": 29199200, "typical_volume": 18599427.65, "trend": 2.716295, "fair_value": 3.120121, "relative_strength": -14.214488, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.894986, "energy": 35.763297, "activity_lines": [ 2.838, 2.62707, 2.512226, 2.579002 ] }, { "date": "2025-05-16", "close": 2.91, "volume": 30456900, "typical_volume": 19766442.65, "trend": 2.701629, "fair_value": 3.118134, "relative_strength": -13.904659, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.356638, "energy": 46.641111, "activity_lines": [ 2.897333, 2.704727, 2.54847, 2.591499 ] }, { "date": "2025-05-23", "close": 2.95, "volume": 31201200, "typical_volume": 20799572.65, "trend": 2.692962, "fair_value": 3.116211, "relative_strength": -11.088104, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.945802, "energy": 53.918223, "activity_lines": [ 2.926667, 2.776364, 2.587904, 2.607523 ] }, { "date": "2025-05-30", "close": 3.18, "volume": 18275600, "typical_volume": 21049172.65, "trend": 2.696629, "fair_value": 3.116595, "relative_strength": -2.850757, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.876696, "energy": 59.710786, "activity_lines": [ 3.014667, 2.876727, 2.648147, 2.638945 ] }, { "date": "2025-06-06", "close": 3.3, "volume": 15206100, "typical_volume": 20874972.65, "trend": 2.698295, "fair_value": 3.119993, "relative_strength": 2.018512, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.862699, "energy": 64.712654, "activity_lines": [ 3.117333, 2.982364, 2.717581, 2.677872 ] }, { "date": "2025-06-13", "close": 3.7, "volume": 12366900, "typical_volume": 20352267.65, "trend": 2.714962, "fair_value": 3.1273, "relative_strength": 13.760752, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.447324, "energy": 86.098467, "activity_lines": [ 3.336667, 3.142182, 2.823444, 2.742499 ] }, { "date": "2025-06-20", "close": 3.7, "volume": 9596800, "typical_volume": 20332442.65, "trend": 2.729962, "fair_value": 3.135826, "relative_strength": 14.219775, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.833507, "energy": 89.159097, "activity_lines": [ 3.500667, 3.274909, 2.925259, 2.806049 ] }, { "date": "2025-06-27", "close": 3.61, "volume": 17260500, "typical_volume": 20876387.65, "trend": 2.750295, "fair_value": 3.14448, "relative_strength": 11.970001, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.275307, "energy": 84.606602, "activity_lines": [ 3.582, 3.365091, 3.013502, 2.862826 ] }, { "date": "2025-07-04", "close": 3.53, "volume": 16443100, "typical_volume": 21206067.65, "trend": 2.775295, "fair_value": 3.152493, "relative_strength": 6.504464, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.395883, "energy": 77.719803, "activity_lines": [ 3.592667, 3.423818, 3.088603, 2.91313 ] }, { "date": "2025-07-11", "close": 3.47, "volume": 10473800, "typical_volume": 21018572.65, "trend": 2.796295, "fair_value": 3.161916, "relative_strength": 9.259693, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.031196, "energy": 55.060597, "activity_lines": [ 3.56, 3.458364, 3.153037, 2.957949 ] }, { "date": "2025-07-18", "close": 3.62, "volume": 13362800, "typical_volume": 19376387.65, "trend": 2.818629, "fair_value": 3.171788, "relative_strength": 16.610718, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.745392, "energy": 53.387872, "activity_lines": [ 3.566, 3.512545, 3.225614, 3.011091 ] }, { "date": "2025-07-25", "close": 3.75, "volume": 16361200, "typical_volume": 19104320.0, "trend": 2.850962, "fair_value": 3.181531, "relative_strength": 20.685109, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.509937, "energy": 54.10483, "activity_lines": [ 3.620667, 3.576727, 3.302762, 3.07118 ] }, { "date": "2025-08-01", "close": 3.59, "volume": 11818000, "typical_volume": 18868160.0, "trend": 2.879962, "fair_value": 3.188454, "relative_strength": 16.54419, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.953489, "energy": 47.268139, "activity_lines": [ 3.618667, 3.596545, 3.35719, 3.11886 ] }, { "date": "2025-08-08", "close": 3.59, "volume": 10337600, "typical_volume": 17603125.0, "trend": 2.909295, "fair_value": 3.194159, "relative_strength": 13.81567, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.964636, "energy": 47.883697, "activity_lines": [ 3.618, 3.604727, 3.405143, 3.164669 ] }, { "date": "2025-08-15", "close": 3.66, "volume": 16046500, "typical_volume": 17888220.0, "trend": 2.932962, "fair_value": 3.203134, "relative_strength": 15.666444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.44024, "energy": 45.124067, "activity_lines": [ 3.636667, 3.618182, 3.453476, 3.213101 ] }, { "date": "2025-08-22", "close": 3.69, "volume": 15832100, "typical_volume": 17942260.0, "trend": 2.960962, "fair_value": 3.210634, "relative_strength": 15.354317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.468014, "energy": 40.99812, "activity_lines": [ 3.652667, 3.630545, 3.498095, 3.261942 ] }, { "date": "2025-08-29", "close": 3.51, "volume": 39029000, "typical_volume": 18866145.0, "trend": 2.989629, "fair_value": 3.216723, "relative_strength": 7.122152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.408087, "energy": 30.535372, "activity_lines": [ 3.604, 3.610364, 3.518524, 3.297364 ] }, { "date": "2025-09-05", "close": 3.55, "volume": 11408800, "typical_volume": 17417485.0, "trend": 3.026295, "fair_value": 3.223326, "relative_strength": 7.544336, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.498364, "energy": 27.680307, "activity_lines": [ 3.584667, 3.600909, 3.53681, 3.333517 ] }, { "date": "2025-09-12", "close": 3.42, "volume": 15657200, "typical_volume": 17623790.0, "trend": 3.057295, "fair_value": 3.229416, "relative_strength": 4.052065, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.013395, "energy": 20.418064, "activity_lines": [ 3.524667, 3.568909, 3.538571, 3.358917 ] }, { "date": "2025-09-19", "close": 3.37, "volume": 13659800, "typical_volume": 17699655.0, "trend": 3.096962, "fair_value": 3.23448, "relative_strength": 0.254816, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.200917, "energy": 14.727282, "activity_lines": [ 3.459333, 3.529818, 3.532619, 3.379092 ] }, { "date": "2025-09-26", "close": 3.34, "volume": 8328100, "typical_volume": 16656100.0, "trend": 3.142295, "fair_value": 3.240698, "relative_strength": -0.105889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.810741, "energy": 12.367408, "activity_lines": [ 3.403333, 3.487091, 3.522286, 3.394772 ] }, { "date": "2025-10-03", "close": 3.47, "volume": 8064100, "typical_volume": 15536460.0, "trend": 3.185333, "fair_value": 3.246723, "relative_strength": 4.837741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.892003, "energy": 13.054475, "activity_lines": [ 3.414, 3.473091, 3.522095, 3.415914 ] }, { "date": "2025-10-10", "close": 3.7, "volume": 19661500, "typical_volume": 14959475.0, "trend": 3.234333, "fair_value": 3.255185, "relative_strength": 14.467256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.896419, "energy": 13.507465, "activity_lines": [ 3.504, 3.506, 3.541143, 3.449118 ] }, { "date": "2025-10-17", "close": 3.96, "volume": 22659700, "typical_volume": 15178680.0, "trend": 3.290667, "fair_value": 3.264352, "relative_strength": 19.99267, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.443362, "energy": 41.246795, "activity_lines": [ 3.670667, 3.584182, 3.581381, 3.495935 ] }, { "date": "2025-10-24", "close": 4.1, "volume": 25408600, "typical_volume": 15688805.0, "trend": 3.351333, "fair_value": 3.273967, "relative_strength": 21.539149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.581251, "energy": 69.073685, "activity_lines": [ 3.848, 3.681091, 3.631238, 3.548151 ] }, { "date": "2025-10-31", "close": 3.91, "volume": 14839000, "typical_volume": 15812410.0, "trend": 3.408, "fair_value": 3.279544, "relative_strength": 13.090428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.052728, "energy": 68.180643, "activity_lines": [ 3.913333, 3.735455, 3.65919, 3.584194 ] }, { "date": "2025-11-07", "close": 3.97, "volume": 8067800, "typical_volume": 15735960.0, "trend": 3.465, "fair_value": 3.286852, "relative_strength": 11.422145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.199677, "energy": 70.839177, "activity_lines": [ 3.960667, 3.796727, 3.691857, 3.620452 ] }, { "date": "2025-11-14", "close": 3.93, "volume": 24778800, "typical_volume": 16111875.0, "trend": 3.506667, "fair_value": 3.295377, "relative_strength": 7.741047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.23411, "energy": 63.804874, "activity_lines": [ 3.961333, 3.842364, 3.719429, 3.650452 ] }, { "date": "2025-11-21", "close": 3.73, "volume": 8595700, "typical_volume": 15719505.0, "trend": 3.537667, "fair_value": 3.303262, "relative_strength": 4.312417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.871865, "energy": 35.756361, "activity_lines": [ 3.88, 3.844727, 3.726429, 3.66486 ] }, { "date": "2025-11-28", "close": 3.81, "volume": 14871700, "typical_volume": 15939400.0, "trend": 3.563, "fair_value": 3.31057, "relative_strength": 3.661297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.289897, "energy": 25.450737, "activity_lines": [ 3.840667, 3.856, 3.740095, 3.68243 ] }, { "date": "2025-12-05", "close": 3.79, "volume": 32676700, "typical_volume": 16905095.0, "trend": 3.593667, "fair_value": 3.319352, "relative_strength": 4.058913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.281085, "energy": 18.336612, "activity_lines": [ 3.814, 3.855636, 3.750238, 3.697075 ] }, { "date": "2025-12-12", "close": 3.88, "volume": 10571800, "typical_volume": 16615625.0, "trend": 3.626, "fair_value": 3.329672, "relative_strength": 4.162683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.283276, "energy": 17.752713, "activity_lines": [ 3.825333, 3.863455, 3.768143, 3.715548 ] }, { "date": "2025-12-19", "close": 3.75, "volume": 10961000, "typical_volume": 16572775.0, "trend": 3.652667, "fair_value": 3.338518, "relative_strength": 2.171492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.920289, "energy": 15.611134, "activity_lines": [ 3.799333, 3.840182, 3.773048, 3.723548 ] }, { "date": "2025-12-26", "close": 3.58, "volume": 12826500, "typical_volume": 16697220.0, "trend": 3.666, "fair_value": 3.34698, "relative_strength": -3.860753, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.434809, "energy": 10.674235, "activity_lines": [ 3.728667, 3.785091, 3.761, 3.71886 ] }, { "date": "2026-01-02", "close": 3.54, "volume": 4819300, "typical_volume": 16135860.0, "trend": 3.674, "fair_value": 3.356211, "relative_strength": -4.651915, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.082687, "energy": 15.337407, "activity_lines": [ 3.654667, 3.729636, 3.74519, 3.710731 ] }, { "date": "2026-01-09", "close": 3.93, "volume": 11874600, "typical_volume": 15937985.0, "trend": 3.681667, "fair_value": 3.367749, "relative_strength": 3.909792, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.622289, "energy": 15.596786, "activity_lines": [ 3.728667, 3.755273, 3.767095, 3.727247 ] }, { "date": "2026-01-16", "close": 3.95, "volume": 10168700, "typical_volume": 14494970.0, "trend": 3.69, "fair_value": 3.379288, "relative_strength": 3.544637, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.824766, "energy": 16.839257, "activity_lines": [ 3.8, 3.784182, 3.789762, 3.744559 ] }, { "date": "2026-01-23", "close": 4.13, "volume": 13083900, "typical_volume": 14578725.0, "trend": 3.707333, "fair_value": 3.391852, "relative_strength": -0.231471, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.363323, "energy": 47.350718, "activity_lines": [ 3.926667, 3.846182, 3.827476, 3.772946 ] }, { "date": "2026-01-30", "close": 4.04, "volume": 15574500, "typical_volume": 14574590.0, "trend": 3.724333, "fair_value": 3.404031, "relative_strength": -3.854748, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.089538, "energy": 56.997176, "activity_lines": [ 3.998, 3.888182, 3.853857, 3.794409 ] }, { "date": "2026-02-06", "close": 3.93, "volume": 12796100, "typical_volume": 14531405.0, "trend": 3.739667, "fair_value": 3.417621, "relative_strength": -7.423312, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.459713, "energy": 55.254061, "activity_lines": [ 4.002, 3.904545, 3.86681, 3.807677 ] }, { "date": "2026-02-13", "close": 3.96, "volume": 6862100, "typical_volume": 14458105.0, "trend": 3.751, "fair_value": 3.430634, "relative_strength": -8.612242, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.946532, "energy": 51.467415, "activity_lines": [ 3.99, 3.924182, 3.879952, 3.821892 ] }, { "date": "2026-02-20", "close": 4.1, "volume": 4352900, "typical_volume": 14272545.0, "trend": 3.762667, "fair_value": 3.445826, "relative_strength": -7.736197, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.407656, "energy": 42.905335, "activity_lines": [ 4.022667, 3.966182, 3.903476, 3.844409 ] }, { "date": "2026-02-27", "close": 4.2, "volume": 10046000, "typical_volume": 13791770.0, "trend": 3.783, "fair_value": 3.461467, "relative_strength": -5.090445, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.127551, "energy": 43.594242, "activity_lines": [ 4.078667, 4.022364, 3.933524, 3.872624 ] }, { "date": "2026-03-06", "close": 3.99, "volume": 12457000, "typical_volume": 13281635.0, "trend": 3.796333, "fair_value": 3.474288, "relative_strength": -5.47335, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.260507, "energy": 33.110375, "activity_lines": [ 4.06, 4.032182, 3.94119, 3.885978 ] }, { "date": "2026-03-13", "close": 3.78, "volume": 10939700, "typical_volume": 12558190.0, "trend": 3.800333, "fair_value": 3.48589, "relative_strength": -9.878913, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.604804, "energy": 17.114843, "activity_lines": [ 3.974667, 3.996364, 3.928714, 3.884925 ] }, { "date": "2026-03-20", "close": 3.73, "volume": 7247000, "typical_volume": 12178590.0, "trend": 3.801667, "fair_value": 3.497044, "relative_strength": -10.639537, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.6385, "energy": 10.192515, "activity_lines": [ 3.882667, 3.947091, 3.913, 3.880387 ] }, { "date": "2026-03-27", "close": 3.95, "volume": 7157600, "typical_volume": 12133080.0, "trend": 3.816333, "fair_value": 3.508582, "relative_strength": -8.483387, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.105486, "energy": 17.771432, "activity_lines": [ 3.879333, 3.941455, 3.919095, 3.889957 ] }, { "date": "2026-04-03", "close": 4.03, "volume": 6649000, "typical_volume": 11226590.0, "trend": 3.832333, "fair_value": 3.521082, "relative_strength": -10.150091, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.773487, "energy": 18.187836, "activity_lines": [ 3.912667, 3.950364, 3.932905, 3.903742 ] }, { "date": "2026-04-10", "close": 4.0, "volume": 10231900, "typical_volume": 11308400.0, "trend": 3.851667, "fair_value": 3.53089, "relative_strength": -15.185268, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.123195, "energy": 13.461284, "activity_lines": [ 3.947333, 3.955636, 3.943381, 3.914559 ] }, { "date": "2026-04-17", "close": 3.78, "volume": 5348500, "typical_volume": 10832240.0, "trend": 3.865333, "fair_value": 3.539352, "relative_strength": -19.110542, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.376646, "energy": 4.815683, "activity_lines": [ 3.908, 3.921636, 3.931619, 3.909935 ] }, { "date": "2026-04-24", "close": 3.33, "volume": 13617700, "typical_volume": 9879290.0, "trend": 3.865, "fair_value": 3.544288, "relative_strength": -26.68016, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.770001, "energy": 35.320152, "activity_lines": [ 3.718667, 3.808545, 3.877143, 3.875398 ] }, { "date": "2026-05-01", "close": 3.34, "volume": 10670400, "typical_volume": 9884220.0, "trend": 3.860667, "fair_value": 3.548518, "relative_strength": -24.826801, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.681051, "energy": 66.46156, "activity_lines": [ 3.559333, 3.708727, 3.82581, 3.841527 ] }, { "date": "2026-05-08", "close": 3.45, "volume": 13339100, "typical_volume": 10003125.0, "trend": 3.852333, "fair_value": 3.552557, "relative_strength": -20.850577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.668779, "energy": 69.292249, "activity_lines": [ 3.477333, 3.642727, 3.787524, 3.815032 ] }, { "date": "2026-05-15", "close": 3.31, "volume": 15369000, "typical_volume": 10130250.0, "trend": 3.830667, "fair_value": 3.554993, "relative_strength": -20.995934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.734372, "energy": 75.557413, "activity_lines": [ 3.387333, 3.564909, 3.737333, 3.780043 ] }, { "date": "2026-05-22", "close": 3.24, "volume": 13655100, "typical_volume": 10572040.0, "trend": 3.802, "fair_value": 3.554929, "relative_strength": -22.003885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.969085, "energy": 76.441194, "activity_lines": [ 3.32, 3.486727, 3.681762, 3.741935 ] }, { "date": "2026-05-29", "close": 3.23, "volume": 19239700, "typical_volume": 10940295.0, "trend": 3.779333, "fair_value": 3.553582, "relative_strength": -20.862646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.364391, "energy": 70.309736, "activity_lines": [ 3.285333, 3.416545, 3.626667, 3.705032 ] }, { "date": "2026-06-05", "close": 2.98, "volume": 3402600, "typical_volume": 10601990.0, "trend": 3.746333, "fair_value": 3.551916, "relative_strength": -24.518861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.545378, "energy": 80.433088, "activity_lines": [ 3.174, 3.31, 3.551095, 3.653462 ] }, { "date": "2026-06-12", "close": 3.43, "volume": 1529900, "typical_volume": 10024290.0, "trend": 3.729667, "fair_value": 3.549865, "relative_strength": -13.702088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.078338, "energy": 55.839956, "activity_lines": [ 3.236667, 3.302909, 3.523, 3.633054 ] }, { "date": "2026-06-19", "close": 3.43, "volume": 4716000, "typical_volume": 9481365.0, "trend": 3.719667, "fair_value": 3.548711, "relative_strength": -11.908955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.70511, "energy": 42.623055, "activity_lines": [ 3.300667, 3.306727, 3.498238, 3.61372 ] }, { "date": "2026-06-26", "close": 3.72, "volume": 966900, "typical_volume": 8889905.0, "trend": 3.716667, "fair_value": 3.552172, "relative_strength": -6.68117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.068841, "energy": 20.735137, "activity_lines": [ 3.453333, 3.373636, 3.504, 3.613742 ] }, { "date": "2026-07-03", "close": 3.38, "volume": 1470200, "typical_volume": 8620310.0, "trend": 3.703, "fair_value": 3.551916, "relative_strength": -15.28934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.268562, "energy": 23.726391, "activity_lines": [ 3.460667, 3.379818, 3.478381, 3.592022 ] }, { "date": "2026-07-10", "close": 3.45, "volume": 4255300, "typical_volume": 8615430.0, "trend": 3.688667, "fair_value": 3.552236, "relative_strength": -14.849978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.13661, "energy": 21.964839, "activity_lines": [ 3.481333, 3.397818, 3.46219, 3.575699 ] }, { "date": "2026-07-17", "close": 3.27, "volume": 4622500, "typical_volume": 8344255.0, "trend": 3.672667, "fair_value": 3.54948, "relative_strength": -16.779314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.220125, "energy": 21.932634, "activity_lines": [ 3.410667, 3.381091, 3.431952, 3.548688 ] }, { "date": "2026-07-24", "close": 3.42, "volume": 7004200, "typical_volume": 8071615.0, "trend": 3.667333, "fair_value": 3.545826, "relative_strength": -12.498425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.459749, "energy": 23.458128, "activity_lines": [ 3.400667, 3.394909, 3.420429, 3.532387 ] }, { "date": "2026-07-31", "close": 3.14, "volume": 6690200, "typical_volume": 7859140.0, "trend": 3.654, "fair_value": 3.540121, "relative_strength": -20.806249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.609626, "energy": 41.337964, "activity_lines": [ 3.298, 3.355818, 3.384952, 3.498366 ] }, { "date": "2026-08-07", "close": 3.05, "volume": 5440900, "typical_volume": 7768835.0, "trend": 3.624667, "fair_value": 3.534159, "relative_strength": -20.026886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.742291, "energy": 63.381838, "activity_lines": [ 3.204, 3.302182, 3.343952, 3.459398 ] } ], "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." } } }