{ "ticker": { "uuid": "495690e1-f0a8-42fe-adc7-ec491d515dc0", "symbol": "SKO", "name": "Serko Limited", "exchange": "ASX", "country": "AU", "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": "^AXJO", "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": -39.944, "architecture_energy": 34.49, "architecture_maturity": 100.0, "architecture_confidence": 57.764, "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": 33.44, "rotation_up": 29.68, "upward_expansion": 18.51, "deceleration": 64.15, "rotation_down": 36.74, "downward_expansion": 63.84 }, "activity_lines": [ 1.227, 1.217818, 1.248571, 1.331065 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 1.345, "trend_reference": 1.53, "distance_from_trend": -0.120915, "trend_direction": "Weakening", "fair_value": 2.836731, "distance_from_fair_value": -0.525863, "fair_value_direction": "Improving", "relative_strength": -32.52006, "relative_strength_direction": "Improving", "price_momentum": -0.432489, "excess_performance": -0.496195, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.120915, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.207322, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.525863, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.064406, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.325201, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.128736, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.432489, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.193833, "read": "Demand-led" } ], "volume": { "latest": 32066, "relative_activity": 2.510599, "balance": 1.193833, "dry_up": 1.305212, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.080927, "annualized_volatility": 0.77608, "from_high_reference": -0.505515, "from_low_reference": 0.280952 }, "levels": { "trend_reference": 1.53, "fair_value_reference": 2.836731, "structural_low": 1.05, "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": 37, "median_return": -0.013158, "positive_rate": 0.432432, "directional_follow_through": 0.567568, "median_excess_return": -0.038696, "regime_survival": 0.891892, "best_return": 0.595745, "worst_return": -0.224165, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.158491, "positive_rate": 0.307692, "directional_follow_through": 0.692308, "median_excess_return": -0.107047, "regime_survival": 0.769231, "best_return": 0.598131, "worst_return": -0.349576, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.248619, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.288546, "regime_survival": 0.571429, "best_return": 0.533632, "worst_return": -0.475358, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.294646, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.31764, "regime_survival": 0.5, "best_return": 0.681614, "worst_return": -0.645469, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-26", "end": "2024-08-16", "tenure": "New", "return": 0.014837, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-23", "end": "2024-08-30", "tenure": "New", "return": -0.171429, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": -0.122581, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-04", "end": "2024-11-01", "tenure": "Developing", "return": 0.230769, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-08", "end": "2024-11-29", "tenure": "New", "return": -0.070423, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-01-24", "tenure": "Developing", "return": -0.017391, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-04-18", "tenure": "Developing", "return": -0.123529, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-23", "tenure": "Developing", "return": -0.121495, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-30", "end": "2025-12-05", "tenure": "Extended", "return": -0.117647, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": -0.003922, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-02", "end": "2026-01-30", "tenure": "Developing", "return": -0.08046, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-02-06", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": -0.012594, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-08-07", "tenure": "Established", "return": -0.123779, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3.58, "volume": 13016, "typical_volume": 81089.8, "trend": 2.736167, "fair_value": 4.512404, "relative_strength": 33.658914, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.087888, "energy": 58.075198, "activity_lines": [ 3.639333, 3.608, 3.316429, 3.036301 ] }, { "date": "2023-08-25", "close": 3.5, "volume": 63560, "typical_volume": 83576.0, "trend": 2.776833, "fair_value": 4.513686, "relative_strength": 31.158332, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.894894, "energy": 45.821683, "activity_lines": [ 3.584667, 3.599273, 3.367548, 3.085581 ] }, { "date": "2023-09-01", "close": 3.63, "volume": 49390, "typical_volume": 83943.85, "trend": 2.813833, "fair_value": 4.513173, "relative_strength": 32.856166, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.936067, "energy": 42.229704, "activity_lines": [ 3.588, 3.610545, 3.423905, 3.140624 ] }, { "date": "2023-09-08", "close": 3.6, "volume": 4451, "typical_volume": 79196.75, "trend": 2.853167, "fair_value": 4.511378, "relative_strength": 33.849734, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.842213, "energy": 38.614969, "activity_lines": [ 3.588667, 3.610364, 3.469286, 3.191344 ] }, { "date": "2023-09-15", "close": 3.56, "volume": 30843, "typical_volume": 77882.65, "trend": 2.890167, "fair_value": 4.50734, "relative_strength": 30.19203, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.240906, "energy": 35.247675, "activity_lines": [ 3.578, 3.599636, 3.502667, 3.236946 ] }, { "date": "2023-09-22", "close": 3.86, "volume": 24286, "typical_volume": 77158.9, "trend": 2.943833, "fair_value": 4.504904, "relative_strength": 44.74089, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.697892, "energy": 49.563272, "activity_lines": [ 3.673333, 3.644364, 3.55681, 3.299516 ] }, { "date": "2023-09-29", "close": 4.0, "volume": 48577, "typical_volume": 76352.7, "trend": 3.0035, "fair_value": 4.501891, "relative_strength": 49.21732, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.549546, "energy": 58.819049, "activity_lines": [ 3.796667, 3.708545, 3.615952, 3.367656 ] }, { "date": "2023-10-06", "close": 3.95, "volume": 15299, "typical_volume": 50741.1, "trend": 3.063833, "fair_value": 4.498942, "relative_strength": 47.989881, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.497291, "energy": 63.519827, "activity_lines": [ 3.87, 3.758545, 3.661286, 3.42872 ] }, { "date": "2023-10-13", "close": 3.91, "volume": 111197, "typical_volume": 53021.65, "trend": 3.1215, "fair_value": 4.492276, "relative_strength": 43.239908, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.126374, "energy": 67.39879, "activity_lines": [ 3.908667, 3.797455, 3.698286, 3.483312 ] }, { "date": "2023-10-20", "close": 3.94, "volume": 25239, "typical_volume": 46619.75, "trend": 3.1785, "fair_value": 4.487532, "relative_strength": 46.250797, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.319795, "energy": 65.586404, "activity_lines": [ 3.936667, 3.836727, 3.733048, 3.536118 ] }, { "date": "2023-10-27", "close": 3.77, "volume": 37465, "typical_volume": 45098.2, "trend": 3.232833, "fair_value": 4.481891, "relative_strength": 40.305142, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.362643, "energy": 43.994025, "activity_lines": [ 3.882667, 3.839818, 3.74681, 3.57428 ] }, { "date": "2023-11-03", "close": 3.99, "volume": 25982, "typical_volume": 43411.85, "trend": 3.299167, "fair_value": 4.477212, "relative_strength": 43.905132, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.655857, "energy": 42.709278, "activity_lines": [ 3.908, 3.879455, 3.778238, 3.623129 ] }, { "date": "2023-11-10", "close": 4.0, "volume": 47423, "typical_volume": 43396.7, "trend": 3.368333, "fair_value": 4.468942, "relative_strength": 42.657222, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.164084, "energy": 40.217261, "activity_lines": [ 3.937333, 3.912, 3.807333, 3.668344 ] }, { "date": "2023-11-17", "close": 3.99, "volume": 153194, "typical_volume": 46420.1, "trend": 3.438667, "fair_value": 4.459263, "relative_strength": 39.191906, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.069772, "energy": 36.458475, "activity_lines": [ 3.96, 3.936, 3.832143, 3.708452 ] }, { "date": "2023-11-24", "close": 3.91, "volume": 90024, "typical_volume": 48674.9, "trend": 3.505, "fair_value": 4.450994, "relative_strength": 35.061854, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.297087, "energy": 35.478275, "activity_lines": [ 3.950667, 3.938364, 3.846619, 3.73886 ] }, { "date": "2023-12-01", "close": 3.81, "volume": 50285, "typical_volume": 49252.95, "trend": 3.561667, "fair_value": 4.441442, "relative_strength": 29.739043, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.148148, "energy": 24.90934, "activity_lines": [ 3.91, 3.916182, 3.850143, 3.758538 ] }, { "date": "2023-12-08", "close": 3.82, "volume": 66522, "typical_volume": 51466.05, "trend": 3.619, "fair_value": 4.433942, "relative_strength": 26.68371, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.800588, "energy": 17.756661, "activity_lines": [ 3.87, 3.896727, 3.853286, 3.775204 ] }, { "date": "2023-12-15", "close": 4.01, "volume": 77351, "typical_volume": 51211.1, "trend": 3.652667, "fair_value": 4.424904, "relative_strength": 27.289365, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.082432, "energy": 19.753252, "activity_lines": [ 3.904667, 3.915091, 3.874048, 3.80043 ] }, { "date": "2023-12-22", "close": 3.75, "volume": 48274, "typical_volume": 49940.75, "trend": 3.683, "fair_value": 4.413237, "relative_strength": 17.111106, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.965244, "energy": 12.51136, "activity_lines": [ 3.852, 3.885091, 3.868762, 3.80671 ] }, { "date": "2023-12-29", "close": 3.75, "volume": 15486, "typical_volume": 49893.2, "trend": 3.710333, "fair_value": 4.402853, "relative_strength": 14.818308, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.60229, "energy": 7.504106, "activity_lines": [ 3.815333, 3.858, 3.862905, 3.811032 ] }, { "date": "2024-01-05", "close": 3.66, "volume": 28678, "typical_volume": 50676.3, "trend": 3.729667, "fair_value": 4.392019, "relative_strength": 12.660501, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.758449, "energy": 7.87779, "activity_lines": [ 3.759333, 3.818, 3.848, 3.807785 ] }, { "date": "2024-01-12", "close": 3.83, "volume": 10857, "typical_volume": 48041.15, "trend": 3.747333, "fair_value": 4.382917, "relative_strength": 16.540969, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.565839, "energy": 12.39064, "activity_lines": [ 3.77, 3.810909, 3.848905, 3.814258 ] }, { "date": "2024-01-19", "close": 3.72, "volume": 11479, "typical_volume": 46145.6, "trend": 3.761333, "fair_value": 4.373365, "relative_strength": 13.140414, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.624041, "energy": 16.682671, "activity_lines": [ 3.743333, 3.786727, 3.837762, 3.812495 ] }, { "date": "2024-01-26", "close": 3.75, "volume": 30799, "typical_volume": 47463.0, "trend": 3.772333, "fair_value": 4.363237, "relative_strength": 11.100724, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.312023, "energy": 19.419396, "activity_lines": [ 3.746, 3.773091, 3.829048, 3.811763 ] }, { "date": "2024-02-02", "close": 3.97, "volume": 28797, "typical_volume": 47360.7, "trend": 3.784333, "fair_value": 4.353494, "relative_strength": 14.520607, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.377727, "energy": 15.352651, "activity_lines": [ 3.822, 3.803818, 3.840571, 3.824516 ] }, { "date": "2024-02-09", "close": 3.94, "volume": 66024, "typical_volume": 49447.6, "trend": 3.798, "fair_value": 4.345737, "relative_strength": 13.546281, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.936857, "energy": 18.262849, "activity_lines": [ 3.873333, 3.828, 3.847286, 3.834559 ] }, { "date": "2024-02-16", "close": 3.92, "volume": 126223, "typical_volume": 53329.9, "trend": 3.804667, "fair_value": 4.338878, "relative_strength": 11.924854, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.080283, "energy": 24.089718, "activity_lines": [ 3.899333, 3.846182, 3.851714, 3.84243 ] }, { "date": "2024-02-23", "close": 3.95, "volume": 41529, "typical_volume": 54641.4, "trend": 3.811667, "fair_value": 4.329583, "relative_strength": 12.014588, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.363009, "energy": 33.762279, "activity_lines": [ 3.929333, 3.868, 3.859381, 3.851806 ] }, { "date": "2024-03-01", "close": 3.82, "volume": 10821, "typical_volume": 49622.6, "trend": 3.818, "fair_value": 4.320737, "relative_strength": 6.062522, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.963085, "energy": 26.586337, "activity_lines": [ 3.900667, 3.867273, 3.854667, 3.852344 ] }, { "date": "2024-03-08", "close": 3.75, "volume": 53325, "typical_volume": 51026.9, "trend": 3.821333, "fair_value": 4.310353, "relative_strength": 2.020948, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.783436, "energy": 4.315212, "activity_lines": [ 3.844, 3.852545, 3.843714, 3.847957 ] }, { "date": "2024-03-15", "close": 3.53, "volume": 219331, "typical_volume": 60120.2, "trend": 3.819667, "fair_value": 4.297019, "relative_strength": -2.347484, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.4486, "energy": 32.047681, "activity_lines": [ 3.728667, 3.797818, 3.812714, 3.829161 ] }, { "date": "2024-03-22", "close": 3.41, "volume": 72861, "typical_volume": 62464.15, "trend": 3.816667, "fair_value": 4.279583, "relative_strength": -7.331729, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.246482, "energy": 66.862772, "activity_lines": [ 3.600667, 3.723636, 3.771429, 3.802731 ] }, { "date": "2024-03-29", "close": 3.62, "volume": 45443, "typical_volume": 62365.15, "trend": 3.816333, "fair_value": 4.261763, "relative_strength": -3.824202, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.267172, "energy": 63.586182, "activity_lines": [ 3.576667, 3.695273, 3.752905, 3.790043 ] }, { "date": "2024-04-05", "close": 3.36, "volume": 69528, "typical_volume": 58181.85, "trend": 3.808333, "fair_value": 4.242532, "relative_strength": -9.876784, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.928217, "energy": 75.444773, "activity_lines": [ 3.488, 3.621455, 3.711429, 3.760602 ] }, { "date": "2024-04-12", "close": 3.21, "volume": 57527, "typical_volume": 56557.0, "trend": 3.796667, "fair_value": 4.222468, "relative_strength": -14.579826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.925877, "energy": 80.239259, "activity_lines": [ 3.38, 3.527455, 3.658667, 3.722 ] }, { "date": "2024-04-19", "close": 3.18, "volume": 32335, "typical_volume": 55659.5, "trend": 3.774, "fair_value": 4.202147, "relative_strength": -13.473769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.43228, "energy": 79.434944, "activity_lines": [ 3.298, 3.441818, 3.606381, 3.682215 ] }, { "date": "2024-04-26", "close": 2.93, "volume": 46236, "typical_volume": 54645.2, "trend": 3.738333, "fair_value": 4.180481, "relative_strength": -20.755954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.202922, "energy": 89.850347, "activity_lines": [ 3.156, 3.324545, 3.533286, 3.627763 ] }, { "date": "2024-05-03", "close": 3.08, "volume": 151460, "typical_volume": 58350.65, "trend": 3.709333, "fair_value": 4.16234, "relative_strength": -17.640663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.985872, "energy": 81.031469, "activity_lines": [ 3.096, 3.252545, 3.478714, 3.58529 ] }, { "date": "2024-05-10", "close": 2.95, "volume": 78317, "typical_volume": 59852.8, "trend": 3.677333, "fair_value": 4.144071, "relative_strength": -22.615635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.929951, "energy": 81.199911, "activity_lines": [ 3.028667, 3.172727, 3.41619, 3.536301 ] }, { "date": "2024-05-17", "close": 3.08, "volume": 56988, "typical_volume": 61927.9, "trend": 3.648667, "fair_value": 4.126378, "relative_strength": -19.825332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.900501, "energy": 56.508027, "activity_lines": [ 3.032, 3.132364, 3.369857, 3.497763 ] }, { "date": "2024-05-24", "close": 2.78, "volume": 9921, "typical_volume": 60990.05, "trend": 3.615667, "fair_value": 4.102083, "relative_strength": -26.715106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.263622, "energy": 58.82086, "activity_lines": [ 2.944, 3.049636, 3.298143, 3.44172 ] }, { "date": "2024-05-31", "close": 2.91, "volume": 52688, "typical_volume": 63081.6, "trend": 3.579667, "fair_value": 4.078237, "relative_strength": -22.932828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.677211, "energy": 52.976898, "activity_lines": [ 2.926, 3.004182, 3.243, 3.396194 ] }, { "date": "2024-06-07", "close": 2.75, "volume": 19981, "typical_volume": 63506.7, "trend": 3.538, "fair_value": 4.052147, "relative_strength": -28.405134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.103013, "energy": 54.938332, "activity_lines": [ 2.856, 2.938727, 3.177, 3.342667 ] }, { "date": "2024-06-14", "close": 2.86, "volume": 29139, "typical_volume": 63423.7, "trend": 3.500333, "fair_value": 4.025609, "relative_strength": -23.979456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.164352, "energy": 52.365793, "activity_lines": [ 2.844667, 2.909091, 3.126095, 3.298925 ] }, { "date": "2024-06-21", "close": 2.95, "volume": 54516, "typical_volume": 64709.65, "trend": 3.468333, "fair_value": 3.999712, "relative_strength": -22.042293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.046759, "energy": 44.771473, "activity_lines": [ 2.869333, 2.904909, 3.088, 3.263419 ] }, { "date": "2024-06-28", "close": 2.71, "volume": 52841, "typical_volume": 64050.5, "trend": 3.431667, "fair_value": 3.971058, "relative_strength": -27.761539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.724741, "energy": 48.259261, "activity_lines": [ 2.822667, 2.861818, 3.031905, 3.214495 ] }, { "date": "2024-07-05", "close": 3.12, "volume": 32982, "typical_volume": 59388.45, "trend": 3.408333, "fair_value": 3.948045, "relative_strength": -17.039336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.729021, "energy": 28.475998, "activity_lines": [ 2.917333, 2.901818, 3.020714, 3.194387 ] }, { "date": "2024-07-12", "close": 3.2, "volume": 4391, "typical_volume": 57531.55, "trend": 3.381333, "fair_value": 3.925609, "relative_strength": -16.103861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.648864, "energy": 17.431684, "activity_lines": [ 3.024667, 2.952909, 3.020952, 3.180946 ] }, { "date": "2024-07-19", "close": 3.4, "volume": 35513, "typical_volume": 58766.15, "trend": 3.369667, "fair_value": 3.901891, "relative_strength": -10.703674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.823443, "energy": 13.406866, "activity_lines": [ 3.168667, 3.038182, 3.04381, 3.182151 ] }, { "date": "2024-07-26", "close": 3.37, "volume": 13133, "typical_volume": 56756.55, "trend": 3.357, "fair_value": 3.879904, "relative_strength": -10.642728, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.336993, "energy": 20.286454, "activity_lines": [ 3.266667, 3.109818, 3.06581, 3.182172 ] }, { "date": "2024-08-02", "close": 3.3, "volume": 46700, "typical_volume": 48125.0, "trend": 3.345, "fair_value": 3.858109, "relative_strength": -12.456854, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.990687, "energy": 22.647966, "activity_lines": [ 3.313333, 3.163455, 3.082952, 3.178495 ] }, { "date": "2024-08-09", "close": 3.3, "volume": 3169, "typical_volume": 44640.4, "trend": 3.327333, "fair_value": 3.837596, "relative_strength": -10.328858, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.011596, "energy": 24.246241, "activity_lines": [ 3.320667, 3.207636, 3.10119, 3.175591 ] }, { "date": "2024-08-16", "close": 3.42, "volume": 38201, "typical_volume": 44278.3, "trend": 3.317333, "fair_value": 3.815609, "relative_strength": -9.057542, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.983842, "energy": 43.464431, "activity_lines": [ 3.356, 3.266545, 3.131381, 3.18157 ] }, { "date": "2024-08-23", "close": 3.5, "volume": 2551, "typical_volume": 40929.45, "trend": 3.309, "fair_value": 3.789327, "relative_strength": -7.332235, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.114297, "energy": 44.379997, "activity_lines": [ 3.403333, 3.327818, 3.170143, 3.193355 ] }, { "date": "2024-08-30", "close": 2.9, "volume": 30102, "typical_volume": 39558.2, "trend": 3.273333, "fair_value": 3.760481, "relative_strength": -23.424258, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -36.010573, "energy": 18.931056, "activity_lines": [ 3.244, 3.268364, 3.151095, 3.166968 ] }, { "date": "2024-09-06", "close": 3.1, "volume": 6179, "typical_volume": 38250.4, "trend": 3.245333, "fair_value": 3.733878, "relative_strength": -16.944823, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.686044, "energy": 8.759269, "activity_lines": [ 3.182667, 3.246182, 3.152571, 3.155785 ] }, { "date": "2024-09-13", "close": 2.9, "volume": 1899, "typical_volume": 36033.55, "trend": 3.211333, "fair_value": 3.704327, "relative_strength": -22.714791, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.029754, "energy": 28.14666, "activity_lines": [ 3.068, 3.180545, 3.135381, 3.133505 ] }, { "date": "2024-09-20", "close": 3.08, "volume": 21453, "typical_volume": 29533.2, "trend": 3.182333, "fair_value": 3.675865, "relative_strength": -18.434998, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.795408, "energy": 28.701562, "activity_lines": [ 3.04, 3.151636, 3.135476, 3.125032 ] }, { "date": "2024-09-27", "close": 2.72, "volume": 57004, "typical_volume": 28467.55, "trend": 3.145667, "fair_value": 3.642083, "relative_strength": -27.273842, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.694972, "energy": 50.582317, "activity_lines": [ 2.914667, 3.059455, 3.101286, 3.095204 ] }, { "date": "2024-10-04", "close": 2.6, "volume": 9569, "typical_volume": 26096.6, "trend": 3.107333, "fair_value": 3.610673, "relative_strength": -29.207516, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.426976, "energy": 74.464907, "activity_lines": [ 2.801333, 2.957818, 3.056762, 3.06 ] }, { "date": "2024-10-11", "close": 2.55, "volume": 14556, "typical_volume": 26328.35, "trend": 3.074667, "fair_value": 3.57875, "relative_strength": -30.38894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.501968, "energy": 77.310481, "activity_lines": [ 2.691333, 2.861091, 3.009762, 3.024043 ] }, { "date": "2024-10-18", "close": 2.52, "volume": 12014, "typical_volume": 24294.65, "trend": 3.045, "fair_value": 3.547212, "relative_strength": -30.98462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.355185, "energy": 81.423934, "activity_lines": [ 2.608, 2.772545, 2.961, 2.988258 ] }, { "date": "2024-10-25", "close": 2.5, "volume": 9596, "typical_volume": 23775.4, "trend": 3.007667, "fair_value": 3.515801, "relative_strength": -30.178133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.677104, "energy": 78.76228, "activity_lines": [ 2.543333, 2.694545, 2.91219, 2.953097 ] }, { "date": "2024-11-01", "close": 3.2, "volume": 86694, "typical_volume": 26653.15, "trend": 3.002333, "fair_value": 3.488814, "relative_strength": -8.896056, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.328956, "energy": 31.415538, "activity_lines": [ 2.750667, 2.760545, 2.931238, 2.965505 ] }, { "date": "2024-11-08", "close": 3.55, "volume": 87434, "typical_volume": 28299.05, "trend": 3.013667, "fair_value": 3.463173, "relative_strength": -0.436174, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.840959, "energy": 17.968317, "activity_lines": [ 3.042667, 2.895636, 2.982, 3.000839 ] }, { "date": "2024-11-15", "close": 3.26, "volume": 17706, "typical_volume": 26542.3, "trend": 3.016333, "fair_value": 3.436635, "relative_strength": -7.748218, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.827295, "energy": 28.626018, "activity_lines": [ 3.174667, 2.966182, 3.002286, 3.016731 ] }, { "date": "2024-11-22", "close": 3.5, "volume": 19960, "typical_volume": 25891.2, "trend": 3.035333, "fair_value": 3.416122, "relative_strength": -1.624407, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.58494, "energy": 50.640386, "activity_lines": [ 3.339333, 3.077455, 3.04281, 3.047935 ] }, { "date": "2024-11-29", "close": 3.3, "volume": 12289, "typical_volume": 26286.1, "trend": 3.042667, "fair_value": 3.398173, "relative_strength": -7.090363, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 50.708417, "energy": 59.447668, "activity_lines": [ 3.372, 3.141455, 3.062476, 3.065011 ] }, { "date": "2024-12-06", "close": 3.45, "volume": 22095, "typical_volume": 25615.2, "trend": 3.059333, "fair_value": 3.379199, "relative_strength": -2.148854, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.782836, "energy": 67.246863, "activity_lines": [ 3.401333, 3.228727, 3.095952, 3.09129 ] }, { "date": "2024-12-13", "close": 3.36, "volume": 39120, "typical_volume": 26914.55, "trend": 3.068667, "fair_value": 3.36016, "relative_strength": -2.668717, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.516354, "energy": 55.58236, "activity_lines": [ 3.384, 3.286364, 3.120619, 3.110688 ] }, { "date": "2024-12-20", "close": 3.34, "volume": 9404, "typical_volume": 25049.75, "trend": 3.087333, "fair_value": 3.340865, "relative_strength": -0.105163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.298601, "energy": 39.236377, "activity_lines": [ 3.372667, 3.326545, 3.143429, 3.128194 ] }, { "date": "2024-12-27", "close": 3.35, "volume": 693, "typical_volume": 24925.95, "trend": 3.102, "fair_value": 3.322019, "relative_strength": -1.764931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.865466, "energy": 37.797725, "activity_lines": [ 3.359333, 3.354182, 3.167, 3.14514 ] }, { "date": "2025-01-03", "close": 3.49, "volume": 1204, "typical_volume": 23076.1, "trend": 3.126667, "fair_value": 3.304519, "relative_strength": 2.795259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.057322, "energy": 40.478543, "activity_lines": [ 3.402667, 3.392182, 3.203667, 3.170172 ] }, { "date": "2025-01-10", "close": 3.39, "volume": 7847, "typical_volume": 23340.9, "trend": 3.144333, "fair_value": 3.289071, "relative_strength": -0.199044, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.569624, "energy": 35.378019, "activity_lines": [ 3.4, 3.394, 3.230476, 3.187161 ] }, { "date": "2025-01-17", "close": 3.36, "volume": 588, "typical_volume": 21865.2, "trend": 3.158, "fair_value": 3.276571, "relative_strength": -0.824752, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.920169, "energy": 32.731896, "activity_lines": [ 3.391333, 3.386909, 3.254952, 3.201075 ] }, { "date": "2025-01-24", "close": 3.39, "volume": 5426, "typical_volume": 21827.55, "trend": 3.180667, "fair_value": 3.267019, "relative_strength": -0.674723, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.537807, "energy": 30.782245, "activity_lines": [ 3.392667, 3.388727, 3.280095, 3.216043 ] }, { "date": "2025-01-31", "close": 3.4, "volume": 3865, "typical_volume": 21925.85, "trend": 3.19, "fair_value": 3.257853, "relative_strength": -1.274538, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.383578, "energy": 30.760628, "activity_lines": [ 3.394, 3.39, 3.30481, 3.230194 ] }, { "date": "2025-02-07", "close": 3.06, "volume": 3622, "typical_volume": 21034.3, "trend": 3.185333, "fair_value": 3.245673, "relative_strength": -10.262507, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.903426, "energy": 12.726524, "activity_lines": [ 3.278667, 3.331273, 3.294762, 3.221806 ] }, { "date": "2025-02-14", "close": 3.25, "volume": 7505, "typical_volume": 18559.35, "trend": 3.180333, "fair_value": 3.236378, "relative_strength": -4.580563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.217404, "energy": 18.187983, "activity_lines": [ 3.255333, 3.311455, 3.302905, 3.225978 ] }, { "date": "2025-02-21", "close": 3.5, "volume": 19648, "typical_volume": 19063.3, "trend": 3.184667, "fair_value": 3.230032, "relative_strength": 6.4629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.510257, "energy": 22.3664, "activity_lines": [ 3.324667, 3.340727, 3.332333, 3.246602 ] }, { "date": "2025-02-28", "close": 3.26, "volume": 3361, "typical_volume": 18503.55, "trend": 3.183333, "fair_value": 3.221955, "relative_strength": 1.127453, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.357722, "energy": 14.510338, "activity_lines": [ 3.304667, 3.323818, 3.334619, 3.251462 ] }, { "date": "2025-03-07", "close": 3.2, "volume": 15143, "typical_volume": 18660.0, "trend": 3.18, "fair_value": 3.214583, "relative_strength": 2.442261, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.849438, "energy": 8.32161, "activity_lines": [ 3.273333, 3.297455, 3.32781, 3.252538 ] }, { "date": "2025-03-14", "close": 3.55, "volume": 105265, "typical_volume": 23443.45, "trend": 3.184333, "fair_value": 3.209776, "relative_strength": 15.984763, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 52.428525, "energy": 31.953578, "activity_lines": [ 3.372, 3.337455, 3.351095, 3.276409 ] }, { "date": "2025-03-21", "close": 3.51, "volume": 26933, "typical_volume": 20455.4, "trend": 3.184667, "fair_value": 3.20484, "relative_strength": 12.611416, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.985799, "energy": 35.715954, "activity_lines": [ 3.424667, 3.369091, 3.365571, 3.297419 ] }, { "date": "2025-03-28", "close": 3.35, "volume": 18920, "typical_volume": 17029.7, "trend": 3.199667, "fair_value": 3.198686, "relative_strength": 6.996804, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.98274, "energy": 26.9206, "activity_lines": [ 3.406667, 3.369455, 3.363333, 3.308086 ] }, { "date": "2025-04-04", "close": 3.6, "volume": 26603, "typical_volume": 17474.55, "trend": 3.216333, "fair_value": 3.191314, "relative_strength": 19.475021, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.809345, "energy": 48.694323, "activity_lines": [ 3.482, 3.415455, 3.385857, 3.333914 ] }, { "date": "2025-04-11", "close": 2.85, "volume": 9211, "typical_volume": 16937.1, "trend": 3.214667, "fair_value": 3.18234, "relative_strength": -4.968682, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.073389, "energy": 6.588927, "activity_lines": [ 3.284667, 3.321273, 3.335333, 3.31028 ] }, { "date": "2025-04-18", "close": 2.98, "volume": 11229, "typical_volume": 16884.1, "trend": 3.211333, "fair_value": 3.173878, "relative_strength": -2.640637, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.457452, "energy": 21.990546, "activity_lines": [ 3.154, 3.260727, 3.300286, 3.29514 ] }, { "date": "2025-04-25", "close": 3.21, "volume": 20088, "typical_volume": 16783.75, "trend": 3.227667, "fair_value": 3.165353, "relative_strength": 2.829967, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.0995, "energy": 27.377334, "activity_lines": [ 3.138, 3.243455, 3.288667, 3.295054 ] }, { "date": "2025-05-02", "close": 3.49, "volume": 371, "typical_volume": 14846.3, "trend": 3.257333, "fair_value": 3.158365, "relative_strength": 8.032394, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.410361, "energy": 14.462542, "activity_lines": [ 3.235333, 3.277818, 3.304857, 3.311978 ] }, { "date": "2025-05-09", "close": 3.49, "volume": 0, "typical_volume": 14376.1, "trend": 3.288667, "fair_value": 3.152917, "relative_strength": 7.892527, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.146799, "energy": 12.52274, "activity_lines": [ 3.323333, 3.312364, 3.320429, 3.326989 ] }, { "date": "2025-05-16", "close": 2.9, "volume": 2939, "typical_volume": 14488.4, "trend": 3.301333, "fair_value": 3.148045, "relative_strength": -11.353946, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.728137, "energy": 14.703439, "activity_lines": [ 3.222, 3.235455, 3.279095, 3.301914 ] }, { "date": "2025-05-23", "close": 2.82, "volume": 54204, "typical_volume": 17138.4, "trend": 3.312, "fair_value": 3.145224, "relative_strength": -13.881797, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.051318, "energy": 35.744323, "activity_lines": [ 3.090667, 3.149455, 3.232286, 3.27086 ] }, { "date": "2025-05-30", "close": 2.72, "volume": 19578, "typical_volume": 17724.95, "trend": 3.296, "fair_value": 3.141571, "relative_strength": -17.437979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.118878, "energy": 66.774993, "activity_lines": [ 2.936667, 3.058545, 3.179143, 3.232667 ] }, { "date": "2025-06-06", "close": 2.6, "volume": 18159, "typical_volume": 18603.5, "trend": 3.264333, "fair_value": 3.136506, "relative_strength": -21.65924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.404314, "energy": 78.448406, "activity_lines": [ 2.775333, 2.960182, 3.117762, 3.187763 ] }, { "date": "2025-06-13", "close": 2.63, "volume": 57582, "typical_volume": 21211.3, "trend": 3.243333, "fair_value": 3.133173, "relative_strength": -20.804719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.444477, "energy": 79.177169, "activity_lines": [ 2.683333, 2.880909, 3.062857, 3.146839 ] }, { "date": "2025-06-20", "close": 2.65, "volume": 36291, "typical_volume": 22832.6, "trend": 3.215, "fair_value": 3.129647, "relative_strength": -19.543206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.288305, "energy": 78.652744, "activity_lines": [ 2.655333, 2.822909, 3.013476, 3.108559 ] }, { "date": "2025-06-27", "close": 2.86, "volume": 35909, "typical_volume": 24446.95, "trend": 3.200333, "fair_value": 3.126827, "relative_strength": -13.200163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.074303, "energy": 64.186108, "activity_lines": [ 2.714, 2.806727, 2.987667, 3.085656 ] }, { "date": "2025-07-04", "close": 2.88, "volume": 2852, "typical_volume": 24214.3, "trend": 3.181333, "fair_value": 3.120929, "relative_strength": -13.218988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.174614, "energy": 41.543598, "activity_lines": [ 2.776667, 2.796364, 2.964714, 3.064989 ] }, { "date": "2025-07-11", "close": 2.57, "volume": 4978, "typical_volume": 23480.8, "trend": 3.155, "fair_value": 3.114647, "relative_strength": -21.954456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.690209, "energy": 48.443718, "activity_lines": [ 2.725333, 2.735636, 2.914, 3.025548 ] }, { "date": "2025-07-18", "close": 2.6, "volume": 2417, "typical_volume": 23433.6, "trend": 3.130333, "fair_value": 3.109135, "relative_strength": -22.134476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.852541, "energy": 48.260042, "activity_lines": [ 2.686, 2.697091, 2.870571, 2.989742 ] }, { "date": "2025-07-25", "close": 2.62, "volume": 3479, "typical_volume": 22850.4, "trend": 3.106, "fair_value": 3.103109, "relative_strength": -20.222547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.551568, "energy": 59.206214, "activity_lines": [ 2.655333, 2.678364, 2.83219, 2.956817 ] }, { "date": "2025-08-01", "close": 2.6, "volume": 23893, "typical_volume": 18781.8, "trend": 3.076333, "fair_value": 3.098942, "relative_strength": -20.320549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.586076, "energy": 72.250167, "activity_lines": [ 2.62, 2.661091, 2.794667, 2.924172 ] }, { "date": "2025-08-08", "close": 2.5, "volume": 32752, "typical_volume": 19072.75, "trend": 3.046667, "fair_value": 3.094135, "relative_strength": -24.103314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.31757, "energy": 66.707243, "activity_lines": [ 2.568667, 2.629636, 2.752143, 2.886989 ] }, { "date": "2025-08-15", "close": 2.31, "volume": 42497, "typical_volume": 20251.6, "trend": 3.011667, "fair_value": 3.086955, "relative_strength": -30.291612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.896529, "energy": 87.079837, "activity_lines": [ 2.479333, 2.567636, 2.696333, 2.839462 ] }, { "date": "2025-08-22", "close": 2.29, "volume": 39113, "typical_volume": 20877.1, "trend": 2.975, "fair_value": 3.080032, "relative_strength": -30.464853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.270755, "energy": 90.67136, "activity_lines": [ 2.400667, 2.507273, 2.643571, 2.792903 ] }, { "date": "2025-08-29", "close": 2.2, "volume": 15159, "typical_volume": 21174.5, "trend": 2.935, "fair_value": 3.073109, "relative_strength": -32.841998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.135374, "energy": 92.351938, "activity_lines": [ 2.312667, 2.436727, 2.588476, 2.742903 ] }, { "date": "2025-09-05", "close": 2.33, "volume": 9139, "typical_volume": 21070.0, "trend": 2.910667, "fair_value": 3.066763, "relative_strength": -27.582776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.754126, "energy": 86.984773, "activity_lines": [ 2.296, 2.398, 2.548857, 2.703871 ] }, { "date": "2025-09-12", "close": 2.57, "volume": 20168, "typical_volume": 21074.0, "trend": 2.888, "fair_value": 3.061763, "relative_strength": -19.77696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.697748, "energy": 57.852054, "activity_lines": [ 2.377333, 2.412545, 2.53519, 2.681892 ] }, { "date": "2025-09-19", "close": 2.34, "volume": 956, "typical_volume": 21103.25, "trend": 2.849333, "fair_value": 3.057276, "relative_strength": -25.767038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.206781, "energy": 52.098379, "activity_lines": [ 2.377333, 2.390909, 2.502667, 2.646538 ] }, { "date": "2025-09-26", "close": 2.3, "volume": 1790, "typical_volume": 21192.75, "trend": 2.817333, "fair_value": 3.055032, "relative_strength": -26.881946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.216697, "energy": 47.215124, "activity_lines": [ 2.362, 2.366182, 2.47181, 2.611097 ] }, { "date": "2025-10-03", "close": 2.3, "volume": 13426, "typical_volume": 21717.1, "trend": 2.787333, "fair_value": 3.053045, "relative_strength": -28.263427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.76285, "energy": 43.228217, "activity_lines": [ 2.346, 2.346909, 2.446619, 2.57772 ] }, { "date": "2025-10-10", "close": 2.41, "volume": 23455, "typical_volume": 20179.65, "trend": 2.749333, "fair_value": 3.051955, "relative_strength": -24.419684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.680663, "energy": 39.096946, "activity_lines": [ 2.36, 2.353455, 2.434762, 2.553376 ] }, { "date": "2025-10-17", "close": 2.57, "volume": 19090, "typical_volume": 20155.25, "trend": 2.718, "fair_value": 3.05125, "relative_strength": -19.653006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.631887, "energy": 24.286806, "activity_lines": [ 2.422, 2.392545, 2.440095, 2.541806 ] }, { "date": "2025-10-24", "close": 2.32, "volume": 6561, "typical_volume": 19575.35, "trend": 2.683667, "fair_value": 3.049327, "relative_strength": -27.474234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.840492, "energy": 25.562744, "activity_lines": [ 2.400667, 2.384909, 2.422333, 2.516129 ] }, { "date": "2025-10-31", "close": 2.43, "volume": 18096, "typical_volume": 17601.05, "trend": 2.644667, "fair_value": 3.048237, "relative_strength": -22.355405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.827217, "energy": 16.816156, "activity_lines": [ 2.417333, 2.397091, 2.416381, 2.499763 ] }, { "date": "2025-11-07", "close": 2.03, "volume": 23080, "typical_volume": 16940.5, "trend": 2.617333, "fair_value": 3.045865, "relative_strength": -33.59444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.043038, "energy": 39.708544, "activity_lines": [ 2.292, 2.334, 2.373286, 2.460108 ] }, { "date": "2025-11-14", "close": 2.34, "volume": 98098, "typical_volume": 20049.95, "trend": 2.596, "fair_value": 3.046186, "relative_strength": -21.726276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.412503, "energy": 34.410555, "activity_lines": [ 2.288, 2.330364, 2.362667, 2.442215 ] }, { "date": "2025-11-21", "close": 2.22, "volume": 21617, "typical_volume": 20988.2, "trend": 2.563, "fair_value": 3.045545, "relative_strength": -23.163019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.437989, "energy": 39.198091, "activity_lines": [ 2.248667, 2.304727, 2.343095, 2.417957 ] }, { "date": "2025-11-28", "close": 2.36, "volume": 27917, "typical_volume": 22135.15, "trend": 2.525333, "fair_value": 3.045224, "relative_strength": -19.663704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.167907, "energy": 35.145531, "activity_lines": [ 2.279333, 2.310909, 2.34, 2.40486 ] }, { "date": "2025-12-05", "close": 2.4, "volume": 16648, "typical_volume": 22846.7, "trend": 2.489, "fair_value": 3.045481, "relative_strength": -17.886005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.692305, "energy": 19.872824, "activity_lines": [ 2.320667, 2.324, 2.341714, 2.396774 ] }, { "date": "2025-12-12", "close": 2.55, "volume": 25070, "typical_volume": 23926.25, "trend": 2.477333, "fair_value": 3.047083, "relative_strength": -12.829073, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.523956, "energy": 6.629195, "activity_lines": [ 2.414, 2.362545, 2.358667, 2.40071 ] }, { "date": "2025-12-19", "close": 2.54, "volume": 9647, "typical_volume": 23213.95, "trend": 2.468, "fair_value": 3.049071, "relative_strength": -11.804332, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.633719, "energy": 22.015539, "activity_lines": [ 2.469333, 2.394727, 2.375, 2.404753 ] }, { "date": "2025-12-26", "close": 2.54, "volume": 4885, "typical_volume": 21820.6, "trend": 2.462, "fair_value": 3.051058, "relative_strength": -12.645078, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.779527, "energy": 28.922551, "activity_lines": [ 2.511333, 2.424545, 2.391619, 2.409398 ] }, { "date": "2026-01-02", "close": 2.61, "volume": 5075, "typical_volume": 19949.5, "trend": 2.462333, "fair_value": 3.053878, "relative_strength": -9.226598, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.149696, "energy": 44.828244, "activity_lines": [ 2.555333, 2.467636, 2.414714, 2.418946 ] }, { "date": "2026-01-09", "close": 2.65, "volume": 15831, "typical_volume": 18785.4, "trend": 2.463, "fair_value": 3.057853, "relative_strength": -7.162048, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.074061, "energy": 53.706902, "activity_lines": [ 2.596, 2.512727, 2.44019, 2.431054 ] }, { "date": "2026-01-16", "close": 2.62, "volume": 5914, "typical_volume": 18323.15, "trend": 2.462, "fair_value": 3.062532, "relative_strength": -9.546782, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.168596, "energy": 49.611632, "activity_lines": [ 2.61, 2.548364, 2.461095, 2.441183 ] }, { "date": "2026-01-23", "close": 2.55, "volume": 2771, "typical_volume": 18004.75, "trend": 2.451667, "fair_value": 3.064263, "relative_strength": -10.920896, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.184049, "energy": 38.779727, "activity_lines": [ 2.596, 2.560545, 2.473333, 2.44686 ] }, { "date": "2026-01-30", "close": 2.4, "volume": 2346, "typical_volume": 17113.65, "trend": 2.435667, "fair_value": 3.063494, "relative_strength": -15.603514, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 34.979102, "energy": 22.246281, "activity_lines": [ 2.531333, 2.541636, 2.470238, 2.443527 ] }, { "date": "2026-02-06", "close": 2.37, "volume": 3696, "typical_volume": 17250.65, "trend": 2.429, "fair_value": 3.063173, "relative_strength": -14.677273, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.497985, "energy": 15.480358, "activity_lines": [ 2.466, 2.514, 2.465095, 2.43929 ] }, { "date": "2026-02-13", "close": 1.985, "volume": 11641, "typical_volume": 17743.2, "trend": 2.4085, "fair_value": 3.060192, "relative_strength": -29.542876, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -43.170379, "energy": 40.253574, "activity_lines": [ 2.288333, 2.416182, 2.423143, 2.410645 ] }, { "date": "2026-02-20", "close": 1.96, "volume": 5287, "typical_volume": 17336.25, "trend": 2.3865, "fair_value": 3.058333, "relative_strength": -30.817335, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.340559, "energy": 82.706034, "activity_lines": [ 2.146667, 2.321364, 2.38031, 2.38171 ] }, { "date": "2026-02-27", "close": 1.535, "volume": 1720, "typical_volume": 16249.5, "trend": 2.351, "fair_value": 3.054006, "relative_strength": -45.732803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.472947, "energy": 97.530547, "activity_lines": [ 1.907333, 2.16, 2.298619, 2.326774 ] }, { "date": "2026-03-06", "close": 1.565, "volume": 35396, "typical_volume": 17064.8, "trend": 2.319833, "fair_value": 3.050321, "relative_strength": -41.67578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.449323, "energy": 95.604932, "activity_lines": [ 1.745667, 2.022364, 2.223952, 2.276065 ] }, { "date": "2026-03-13", "close": 1.755, "volume": 11751, "typical_volume": 17324.3, "trend": 2.301333, "fair_value": 3.047596, "relative_strength": -31.727904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.223577, "energy": 88.330778, "activity_lines": [ 1.703, 1.937, 2.172167, 2.239624 ] }, { "date": "2026-03-20", "close": 1.5, "volume": 31566, "typical_volume": 17997.8, "trend": 2.275, "fair_value": 3.042917, "relative_strength": -39.306135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.76469, "energy": 92.454529, "activity_lines": [ 1.616333, 1.820818, 2.098786, 2.187925 ] }, { "date": "2026-03-27", "close": 1.2, "volume": 21220, "typical_volume": 17904.8, "trend": 2.241667, "fair_value": 3.036891, "relative_strength": -51.051082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.907394, "energy": 92.785631, "activity_lines": [ 1.462, 1.671, 2.001262, 2.11857 ] }, { "date": "2026-04-03", "close": 1.415, "volume": 5056, "typical_volume": 13252.7, "trend": 2.211167, "fair_value": 3.033141, "relative_strength": -41.5163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.201132, "energy": 68.609105, "activity_lines": [ 1.43, 1.586091, 1.928167, 2.065237 ] }, { "date": "2026-04-10", "close": 1.53, "volume": 7275, "typical_volume": 12535.6, "trend": 2.1765, "fair_value": 3.030609, "relative_strength": -38.607143, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.128413, "energy": 65.988383, "activity_lines": [ 1.444333, 1.542727, 1.870429, 2.02129 ] }, { "date": "2026-04-17", "close": 1.43, "volume": 25364, "typical_volume": 12407.95, "trend": 2.146167, "fair_value": 3.027724, "relative_strength": -41.638917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.335202, "energy": 64.480727, "activity_lines": [ 1.427667, 1.497, 1.806452, 1.973129 ] }, { "date": "2026-04-24", "close": 1.43, "volume": 4560, "typical_volume": 11803.55, "trend": 2.117167, "fair_value": 3.024583, "relative_strength": -39.554418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.478008, "energy": 61.452416, "activity_lines": [ 1.432667, 1.468364, 1.746905, 1.926925 ] }, { "date": "2026-05-01", "close": 1.35, "volume": 20052, "typical_volume": 11552.65, "trend": 2.0855, "fair_value": 3.019712, "relative_strength": -41.440238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.18729, "energy": 62.637648, "activity_lines": [ 1.415667, 1.435273, 1.684357, 1.87743 ] }, { "date": "2026-05-08", "close": 1.235, "volume": 16448, "typical_volume": 11892.7, "trend": 2.046333, "fair_value": 3.014167, "relative_strength": -45.39368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.873792, "energy": 67.082507, "activity_lines": [ 1.350333, 1.392364, 1.616571, 1.822559 ] }, { "date": "2026-05-15", "close": 1.2, "volume": 17949, "typical_volume": 12545.9, "trend": 2.000667, "fair_value": 3.002628, "relative_strength": -45.396223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.798828, "energy": 81.221612, "activity_lines": [ 1.285333, 1.348545, 1.551667, 1.767957 ] }, { "date": "2026-05-22", "close": 1.315, "volume": 11733, "typical_volume": 12878.8, "trend": 1.967167, "fair_value": 2.992853, "relative_strength": -39.497353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.988774, "energy": 64.99359, "activity_lines": [ 1.280667, 1.332273, 1.504095, 1.72372 ] }, { "date": "2026-05-29", "close": 1.32, "volume": 19970, "typical_volume": 13085.75, "trend": 1.930167, "fair_value": 2.982532, "relative_strength": -38.986291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.374911, "energy": 76.527596, "activity_lines": [ 1.285333, 1.324909, 1.463167, 1.681968 ] }, { "date": "2026-06-05", "close": 1.235, "volume": 23833, "typical_volume": 13981.7, "trend": 1.903667, "fair_value": 2.970705, "relative_strength": -41.473175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.668887, "energy": 73.041432, "activity_lines": [ 1.269, 1.305364, 1.420476, 1.637118 ] }, { "date": "2026-06-12", "close": 1.28, "volume": 2585, "typical_volume": 13972.4, "trend": 1.868333, "fair_value": 2.957756, "relative_strength": -39.805266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.235601, "energy": 59.902294, "activity_lines": [ 1.275333, 1.293364, 1.388667, 1.596882 ] }, { "date": "2026-06-19", "close": 1.33, "volume": 4069, "typical_volume": 14058.55, "trend": 1.838667, "fair_value": 2.945128, "relative_strength": -36.819401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.12447, "energy": 54.794608, "activity_lines": [ 1.295333, 1.292909, 1.367667, 1.562151 ] }, { "date": "2026-06-26", "close": 1.16, "volume": 6666, "typical_volume": 14207.05, "trend": 1.798667, "fair_value": 2.930641, "relative_strength": -43.563029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.140636, "energy": 67.46337, "activity_lines": [ 1.25, 1.265182, 1.335571, 1.518366 ] }, { "date": "2026-07-03", "close": 1.175, "volume": 1791, "typical_volume": 13714.55, "trend": 1.757833, "fair_value": 2.915032, "relative_strength": -42.397904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.104821, "energy": 67.618694, "activity_lines": [ 1.22, 1.245091, 1.310667, 1.478129 ] }, { "date": "2026-07-10", "close": 1.22, "volume": 192, "typical_volume": 13459.8, "trend": 1.7135, "fair_value": 2.900224, "relative_strength": -39.113765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.403952, "energy": 63.311095, "activity_lines": [ 1.214667, 1.237818, 1.293905, 1.44343 ] }, { "date": "2026-07-17", "close": 1.22, "volume": 4, "typical_volume": 13374.0, "trend": 1.6695, "fair_value": 2.884199, "relative_strength": -38.223371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.558178, "energy": 67.845635, "activity_lines": [ 1.210333, 1.232909, 1.280667, 1.411591 ] }, { "date": "2026-07-24", "close": 1.06, "volume": 22417, "typical_volume": 12725.05, "trend": 1.620167, "fair_value": 2.867019, "relative_strength": -45.326055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.116207, "energy": 69.336557, "activity_lines": [ 1.156667, 1.199182, 1.25369, 1.372269 ] }, { "date": "2026-07-31", "close": 1.21, "volume": 12195, "typical_volume": 12747.25, "trend": 1.5735, "fair_value": 2.851506, "relative_strength": -38.120549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.793924, "energy": 53.701792, "activity_lines": [ 1.171, 1.195273, 1.243405, 1.345806 ] }, { "date": "2026-08-07", "close": 1.345, "volume": 32066, "typical_volume": 12772.25, "trend": 1.53, "fair_value": 2.836731, "relative_strength": -32.52006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.943764, "energy": 34.48984, "activity_lines": [ 1.227, 1.217818, 1.248571, 1.331065 ] } ], "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." } } }