{ "ticker": { "uuid": "4b38f0b4-52fe-4af6-be6b-232eda56775d", "symbol": "PHAT", "name": "Phathom Pharmaceuticals Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -71.731, "architecture_energy": 63.509, "architecture_maturity": 30.0, "architecture_confidence": 84.762, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 31.79, "rotation_up": 13.39, "upward_expansion": 14.67, "deceleration": 35.54, "rotation_down": 66.64, "downward_expansion": 83.33 }, "activity_lines": [ 9.770667, 10.370909, 10.75581, 11.007183 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 8.55, "trend_reference": 11.468333, "distance_from_trend": -0.254469, "trend_direction": "Weakening", "fair_value": 10.534744, "distance_from_fair_value": -0.1884, "fair_value_direction": "Weakening", "relative_strength": -39.901159, "relative_strength_direction": "Weakening", "price_momentum": -0.32035, "excess_performance": -0.507803, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.254469, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.121974, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.1884, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.316891, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.399012, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.268237, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.32035, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.638974, "read": "Supply-led" } ], "volume": { "latest": 9158897, "relative_activity": 1.4888, "balance": 0.638974, "dry_up": 1.281438, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.180755, "annualized_volatility": 0.671592, "from_high_reference": -0.533042, "from_low_reference": 0.041413 }, "levels": { "trend_reference": 11.468333, "fair_value_reference": 10.534744, "structural_low": 8.21, "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": 9, "median_return": -0.126369, "positive_rate": 0.222222, "directional_follow_through": 0.222222, "median_excess_return": -0.143874, "regime_survival": 0.777778, "best_return": 0.591755, "worst_return": -0.321967, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.174412, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.207283, "regime_survival": 0.5, "best_return": 0.039499, "worst_return": -0.388323, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.364162, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.424052, "regime_survival": 0.0, "best_return": -0.364162, "worst_return": -0.364162, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.262042, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.028778, "regime_survival": 0.0, "best_return": 0.262042, "worst_return": 0.262042, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-19", "end": "2024-10-18", "tenure": "Extended", "return": 0.792642, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": 0.050467, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-15", "end": "2024-12-27", "tenure": "Developing", "return": -0.068337, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-05-30", "tenure": "Established", "return": -0.450904, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": -0.090414, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-08-15", "tenure": "New", "return": 0.051335, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-01-16", "tenure": "Established", "return": 0.180521, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.10963, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.018389, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-05-08", "tenure": "Developing", "return": 0.149338, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": -0.192081, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-07-03", "tenure": "Developing", "return": 0.105627, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.321967, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 14.79, "volume": 1262889, "typical_volume": 1756879.0, "trend": 11.437667, "fair_value": 22.039295, "relative_strength": 19.607886, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.125915, "energy": 47.877912, "activity_lines": [ 14.917333, 14.525455, 13.69481, 12.604774 ] }, { "date": "2023-08-25", "close": 14.43, "volume": 1402895, "typical_volume": 1654566.15, "trend": 11.506667, "fair_value": 21.90109, "relative_strength": 14.110721, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.278172, "energy": 43.778672, "activity_lines": [ 14.812667, 14.584182, 13.852476, 12.797828 ] }, { "date": "2023-09-01", "close": 14.52, "volume": 1125666, "typical_volume": 1570780.15, "trend": 11.591667, "fair_value": 21.77141, "relative_strength": 10.140412, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.142741, "energy": 39.041172, "activity_lines": [ 14.701333, 14.616909, 13.986667, 12.992237 ] }, { "date": "2023-09-08", "close": 12.74, "volume": 1274918, "typical_volume": 1559495.55, "trend": 11.745333, "fair_value": 21.630962, "relative_strength": -2.264527, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.711505, "energy": 18.094508, "activity_lines": [ 14.016, 14.301091, 13.929714, 13.066323 ] }, { "date": "2023-09-15", "close": 13.1, "volume": 3505940, "typical_volume": 1693316.7, "trend": 11.858333, "fair_value": 21.471731, "relative_strength": 1.021668, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.887689, "energy": 18.39919, "activity_lines": [ 13.578, 14.079455, 13.896762, 13.15372 ] }, { "date": "2023-09-22", "close": 10.63, "volume": 3343665, "typical_volume": 1768815.65, "trend": 11.894667, "fair_value": 21.316731, "relative_strength": -14.945009, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.312823, "energy": 24.154675, "activity_lines": [ 12.482667, 13.42, 13.617143, 13.074473 ] }, { "date": "2023-09-29", "close": 10.37, "volume": 1620624, "typical_volume": 1746279.2, "trend": 11.949333, "fair_value": 21.159936, "relative_strength": -16.520474, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.566698, "energy": 45.522147, "activity_lines": [ 11.578, 12.775636, 13.320952, 12.976108 ] }, { "date": "2023-10-06", "close": 10.47, "volume": 1655284, "typical_volume": 1783661.6, "trend": 12.056, "fair_value": 20.974679, "relative_strength": -16.773714, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.340125, "energy": 61.451578, "activity_lines": [ 10.977333, 12.213273, 13.049, 12.880667 ] }, { "date": "2023-10-13", "close": 10.09, "volume": 1287611, "typical_volume": 1619836.45, "trend": 12.172333, "fair_value": 20.785577, "relative_strength": -19.473331, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.426888, "energy": 66.799048, "activity_lines": [ 10.52, 11.660727, 12.754048, 12.753828 ] }, { "date": "2023-10-20", "close": 9.26, "volume": 1593358, "typical_volume": 1633041.7, "trend": 12.274667, "fair_value": 20.589808, "relative_strength": -23.426482, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.140195, "energy": 72.346122, "activity_lines": [ 9.962667, 11.040182, 12.388, 12.565935 ] }, { "date": "2023-10-27", "close": 8.66, "volume": 1611893, "typical_volume": 1650852.75, "trend": 12.325333, "fair_value": 20.393013, "relative_strength": -25.9479, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.150263, "energy": 74.138018, "activity_lines": [ 9.461333, 10.425636, 11.976238, 12.332731 ] }, { "date": "2023-11-03", "close": 8.73, "volume": 4814936, "typical_volume": 1808596.15, "trend": 12.359667, "fair_value": 20.181474, "relative_strength": -29.332294, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.924454, "energy": 78.834171, "activity_lines": [ 9.114667, 9.935273, 11.591762, 12.100774 ] }, { "date": "2023-11-10", "close": 7.51, "volume": 3034906, "typical_volume": 1865513.0, "trend": 12.277333, "fair_value": 19.969679, "relative_strength": -40.337103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.724376, "energy": 86.852108, "activity_lines": [ 8.470667, 9.326727, 11.107143, 11.787892 ] }, { "date": "2023-11-17", "close": 7.5, "volume": 3203021, "typical_volume": 1942584.2, "trend": 12.174667, "fair_value": 19.740769, "relative_strength": -41.043813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.347515, "energy": 86.57878, "activity_lines": [ 8.020667, 8.843818, 10.648429, 11.479677 ] }, { "date": "2023-11-24", "close": 7.4, "volume": 1633109, "typical_volume": 1992047.8, "trend": 12.064667, "fair_value": 19.511731, "relative_strength": -41.858056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.268023, "energy": 83.587426, "activity_lines": [ 7.71, 8.438, 10.212667, 11.171634 ] }, { "date": "2023-12-01", "close": 7.3, "volume": 2576850, "typical_volume": 2043575.9, "trend": 11.896333, "fair_value": 19.267949, "relative_strength": -42.133835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.248021, "energy": 81.934325, "activity_lines": [ 7.49, 8.117636, 9.797476, 10.864237 ] }, { "date": "2023-12-08", "close": 8.43, "volume": 4002834, "typical_volume": 2198826.35, "trend": 11.728667, "fair_value": 19.030256, "relative_strength": -32.99793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.138087, "energy": 59.181847, "activity_lines": [ 7.737333, 8.063273, 9.522095, 10.640602 ] }, { "date": "2023-12-15", "close": 8.72, "volume": 2544570, "typical_volume": 2276673.35, "trend": 11.578, "fair_value": 18.842051, "relative_strength": -32.209408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.663038, "energy": 45.615594, "activity_lines": [ 8.101333, 8.096909, 9.300286, 10.446495 ] }, { "date": "2023-12-22", "close": 9.01, "volume": 2012390, "typical_volume": 2291327.0, "trend": 11.486333, "fair_value": 18.666859, "relative_strength": -29.745865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.877525, "energy": 37.874465, "activity_lines": [ 8.481333, 8.215091, 9.135095, 10.280817 ] }, { "date": "2023-12-29", "close": 9.13, "volume": 1201302, "typical_volume": 2235433.05, "trend": 11.402, "fair_value": 18.512436, "relative_strength": -28.160377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.055648, "energy": 26.152297, "activity_lines": [ 8.800667, 8.374727, 9.00819, 10.128796 ] }, { "date": "2024-01-05", "close": 8.78, "volume": 1562298, "typical_volume": 2250403.5, "trend": 11.261667, "fair_value": 18.342436, "relative_strength": -28.422858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.449323, "energy": 24.240105, "activity_lines": [ 8.888, 8.473091, 8.878714, 9.959634 ] }, { "date": "2024-01-12", "close": 7.56, "volume": 3348526, "typical_volume": 2347685.05, "trend": 11.110333, "fair_value": 18.150192, "relative_strength": -39.878318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.95525, "energy": 32.024648, "activity_lines": [ 8.47, 8.347455, 8.661667, 9.720817 ] }, { "date": "2024-01-19", "close": 7.49, "volume": 2784986, "typical_volume": 2430651.05, "trend": 10.921667, "fair_value": 17.943974, "relative_strength": -41.607072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.94007, "energy": 43.580742, "activity_lines": [ 8.086667, 8.230364, 8.470667, 9.487247 ] }, { "date": "2024-01-26", "close": 6.94, "volume": 3768673, "typical_volume": 2555338.8, "trend": 10.675667, "fair_value": 17.741667, "relative_strength": -45.346069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.703979, "energy": 52.816506, "activity_lines": [ 7.602, 8.013636, 8.260762, 9.230366 ] }, { "date": "2024-02-02", "close": 6.92, "volume": 2256493, "typical_volume": 2492866.45, "trend": 10.449, "fair_value": 17.506859, "relative_strength": -45.349126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.382379, "energy": 71.908043, "activity_lines": [ 7.248667, 7.803455, 8.076571, 8.988065 ] }, { "date": "2024-02-09", "close": 6.74, "volume": 4304667, "typical_volume": 2540916.55, "trend": 10.205, "fair_value": 17.264295, "relative_strength": -47.341852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.519778, "energy": 78.761553, "activity_lines": [ 6.982667, 7.569273, 7.904667, 8.748774 ] }, { "date": "2024-02-16", "close": 9.29, "volume": 7778303, "typical_volume": 2848800.5, "trend": 10.052, "fair_value": 17.016923, "relative_strength": -25.796387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.362944, "energy": 32.787435, "activity_lines": [ 7.702667, 7.808909, 7.994143, 8.689742 ] }, { "date": "2024-02-23", "close": 10.6, "volume": 5110202, "typical_volume": 3021546.4, "trend": 9.911667, "fair_value": 16.8025, "relative_strength": -16.056612, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.327243, "energy": 9.542784, "activity_lines": [ 8.744, 8.271091, 8.213524, 8.725097 ] }, { "date": "2024-03-01", "close": 10.69, "volume": 5847727, "typical_volume": 3249552.2, "trend": 9.779667, "fair_value": 16.576859, "relative_strength": -16.725458, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.302713, "energy": 25.908771, "activity_lines": [ 9.608, 8.715455, 8.440857, 8.775312 ] }, { "date": "2024-03-08", "close": 8.88, "volume": 4282070, "typical_volume": 3383987.8, "trend": 9.556, "fair_value": 16.344103, "relative_strength": -29.545066, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 16.494313, "energy": 30.065685, "activity_lines": [ 9.618667, 8.800182, 8.492952, 8.717269 ] }, { "date": "2024-03-15", "close": 8.49, "volume": 3453945, "typical_volume": 3476090.4, "trend": 9.346, "fair_value": 16.119936, "relative_strength": -31.747209, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 13.567092, "energy": 23.812556, "activity_lines": [ 9.368667, 8.818545, 8.509714, 8.648495 ] }, { "date": "2024-03-22", "close": 11.02, "volume": 3634853, "typical_volume": 3417086.25, "trend": 9.232333, "fair_value": 15.927244, "relative_strength": -14.260454, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.768332, "energy": 42.753607, "activity_lines": [ 9.845333, 9.302182, 8.768238, 8.756495 ] }, { "date": "2024-03-29", "close": 10.62, "volume": 3898579, "typical_volume": 3460269.9, "trend": 9.102333, "fair_value": 15.758526, "relative_strength": -17.015924, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.206086, "energy": 26.408577, "activity_lines": [ 10.073333, 9.650182, 8.977762, 8.846022 ] }, { "date": "2024-04-05", "close": 11.03, "volume": 4405436, "typical_volume": 3520390.65, "trend": 9.045333, "fair_value": 15.5825, "relative_strength": -13.15835, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.111006, "energy": 35.307437, "activity_lines": [ 10.436667, 10.015818, 9.211524, 8.970387 ] }, { "date": "2024-04-12", "close": 10.14, "volume": 5414796, "typical_volume": 3709475.0, "trend": 8.946667, "fair_value": 15.410256, "relative_strength": -19.312766, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 54.416593, "energy": 48.267392, "activity_lines": [ 10.480667, 10.145273, 9.343714, 9.041011 ] }, { "date": "2024-04-19", "close": 8.97, "volume": 2648574, "typical_volume": 3713061.2, "trend": 8.891333, "fair_value": 15.2125, "relative_strength": -23.944497, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.88922, "energy": 27.997188, "activity_lines": [ 10.050667, 10.003455, 9.351429, 9.042516 ] }, { "date": "2024-04-26", "close": 9.18, "volume": 2413315, "typical_volume": 3633585.25, "trend": 8.851667, "fair_value": 15.024423, "relative_strength": -24.499293, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.586006, "energy": 17.964936, "activity_lines": [ 9.658667, 9.859273, 9.37119, 9.06114 ] }, { "date": "2024-05-03", "close": 10.04, "volume": 3087383, "typical_volume": 3660725.9, "trend": 8.837333, "fair_value": 14.864679, "relative_strength": -17.405938, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.331425, "energy": 17.796965, "activity_lines": [ 9.676, 9.873455, 9.469286, 9.137806 ] }, { "date": "2024-05-10", "close": 9.525, "volume": 3738992, "typical_volume": 3747056.0, "trend": 8.8185, "fair_value": 14.712468, "relative_strength": -21.722773, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.636808, "energy": 16.88248, "activity_lines": [ 9.560333, 9.804182, 9.512048, 9.182172 ] }, { "date": "2024-05-17", "close": 10.54, "volume": 2341400, "typical_volume": 3804060.9, "trend": 8.861167, "fair_value": 14.552532, "relative_strength": -14.266367, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.995061, "energy": 19.521467, "activity_lines": [ 9.883333, 9.940636, 9.649024, 9.293237 ] }, { "date": "2024-05-24", "close": 10.5, "volume": 2294622, "typical_volume": 3840677.1, "trend": 8.9225, "fair_value": 14.393237, "relative_strength": -15.083025, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.368485, "energy": 31.041097, "activity_lines": [ 10.166333, 10.039636, 9.775476, 9.398968 ] }, { "date": "2024-05-31", "close": 9.42, "volume": 2148042, "typical_volume": 3780652.9, "trend": 8.9455, "fair_value": 14.239327, "relative_strength": -21.915293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.310965, "energy": 22.996443, "activity_lines": [ 9.987333, 9.905727, 9.790881, 9.431065 ] }, { "date": "2024-06-07", "close": 10.6, "volume": 2454505, "typical_volume": 3764128.85, "trend": 9.0485, "fair_value": 14.084776, "relative_strength": -13.590315, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.313703, "energy": 34.492516, "activity_lines": [ 10.185667, 10.015455, 9.90981, 9.537806 ] }, { "date": "2024-06-14", "close": 11.35, "volume": 1697291, "typical_volume": 3660559.75, "trend": 9.176833, "fair_value": 13.933237, "relative_strength": -9.994819, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.852995, "energy": 44.66808, "activity_lines": [ 10.596667, 10.261909, 10.085357, 9.68629 ] }, { "date": "2024-06-21", "close": 11.08, "volume": 3145151, "typical_volume": 3704992.65, "trend": 9.2995, "fair_value": 13.779904, "relative_strength": -11.45069, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.936355, "energy": 44.930558, "activity_lines": [ 10.796, 10.453455, 10.21419, 9.809075 ] }, { "date": "2024-06-28", "close": 10.3, "volume": 2817851, "typical_volume": 3630651.85, "trend": 9.3995, "fair_value": 13.62375, "relative_strength": -16.554855, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.577238, "energy": 43.661929, "activity_lines": [ 10.699333, 10.486091, 10.248929, 9.873624 ] }, { "date": "2024-07-05", "close": 10.3, "volume": 1584050, "typical_volume": 3320939.2, "trend": 9.461833, "fair_value": 13.466314, "relative_strength": -18.389142, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.496228, "energy": 33.312272, "activity_lines": [ 10.616, 10.494545, 10.266714, 9.93172 ] }, { "date": "2024-07-12", "close": 11.65, "volume": 3998035, "typical_volume": 3265330.85, "trend": 9.5595, "fair_value": 13.323558, "relative_strength": -6.466572, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.934188, "energy": 38.20444, "activity_lines": [ 10.924, 10.728091, 10.408262, 10.072892 ] }, { "date": "2024-07-19", "close": 10.945, "volume": 7084910, "typical_volume": 3327190.0, "trend": 9.624, "fair_value": 13.184615, "relative_strength": -7.504621, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.008186, "energy": 28.563949, "activity_lines": [ 10.927, 10.804182, 10.477667, 10.16228 ] }, { "date": "2024-07-26", "close": 11.74, "volume": 3998666, "typical_volume": 3313019.8, "trend": 9.711, "fair_value": 13.054103, "relative_strength": 2.918676, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.307577, "energy": 38.101315, "activity_lines": [ 11.222, 10.999, 10.621571, 10.298796 ] }, { "date": "2024-08-02", "close": 11.51, "volume": 2731556, "typical_volume": 3276900.35, "trend": 9.802, "fair_value": 12.911795, "relative_strength": 5.249863, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.404752, "energy": 44.609462, "activity_lines": [ 11.396333, 11.130182, 10.729952, 10.41486 ] }, { "date": "2024-08-09", "close": 11.75, "volume": 3678227, "typical_volume": 3279069.05, "trend": 9.941667, "fair_value": 12.781987, "relative_strength": 8.484481, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.879129, "energy": 40.853083, "activity_lines": [ 11.57, 11.286636, 10.84681, 10.540538 ] }, { "date": "2024-08-16", "close": 12.45, "volume": 2797085, "typical_volume": 3223994.35, "trend": 10.107, "fair_value": 12.659551, "relative_strength": 10.346539, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.323138, "energy": 54.299829, "activity_lines": [ 11.880333, 11.528, 11.026857, 10.702366 ] }, { "date": "2024-08-23", "close": 13.84, "volume": 4225347, "typical_volume": 3214989.9, "trend": 10.337, "fair_value": 12.532628, "relative_strength": 22.49525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.537475, "energy": 68.475858, "activity_lines": [ 12.600667, 11.988455, 11.330571, 10.943204 ] }, { "date": "2024-08-30", "close": 16.52, "volume": 6259114, "typical_volume": 3257205.8, "trend": 10.657, "fair_value": 12.407564, "relative_strength": 47.847757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.519899, "energy": 86.141256, "activity_lines": [ 14.021333, 12.890909, 11.876143, 11.342108 ] }, { "date": "2024-09-06", "close": 17.72, "volume": 3975755, "typical_volume": 3323564.85, "trend": 11.023, "fair_value": 12.307179, "relative_strength": 67.639618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.265368, "energy": 93.417976, "activity_lines": [ 15.523333, 13.912636, 12.505619, 11.797785 ] }, { "date": "2024-09-13", "close": 18.3, "volume": 5068938, "typical_volume": 3456346.0, "trend": 11.323333, "fair_value": 12.208782, "relative_strength": 63.030794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.886362, "energy": 93.924049, "activity_lines": [ 16.804667, 14.904909, 13.148667, 12.267269 ] }, { "date": "2024-09-20", "close": 18.43, "volume": 8467741, "typical_volume": 3725363.9, "trend": 11.584333, "fair_value": 12.122628, "relative_strength": 60.681284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.490869, "energy": 91.652635, "activity_lines": [ 17.692667, 15.775364, 13.760667, 12.725763 ] }, { "date": "2024-09-27", "close": 17.52, "volume": 3792216, "typical_volume": 3728025.1, "trend": 11.812, "fair_value": 12.028269, "relative_strength": 50.351093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.782781, "energy": 86.574037, "activity_lines": [ 17.878667, 16.357091, 14.246048, 13.10871 ] }, { "date": "2024-10-04", "close": 17.25, "volume": 5924398, "typical_volume": 3907175.0, "trend": 12.091, "fair_value": 11.933654, "relative_strength": 47.093726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.322963, "energy": 64.352933, "activity_lines": [ 17.729333, 16.770182, 14.667643, 13.459548 ] }, { "date": "2024-10-11", "close": 15.09, "volume": 4581363, "typical_volume": 4021512.05, "trend": 12.311, "fair_value": 11.821987, "relative_strength": 26.818549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.939421, "energy": 49.113656, "activity_lines": [ 16.811333, 16.690364, 14.851571, 13.653032 ] }, { "date": "2024-10-18", "close": 16.08, "volume": 4113880, "typical_volume": 4119803.95, "trend": 12.479667, "fair_value": 11.737885, "relative_strength": 34.169125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.869492, "energy": 34.304657, "activity_lines": [ 16.398667, 16.725455, 15.107929, 13.896194 ] }, { "date": "2024-10-25", "close": 16.05, "volume": 6129383, "typical_volume": 4303547.85, "trend": 12.660667, "fair_value": 11.689936, "relative_strength": 32.934583, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.076405, "energy": 26.685666, "activity_lines": [ 16.124, 16.676364, 15.329714, 14.126538 ] }, { "date": "2024-11-01", "close": 18.27, "volume": 4402082, "typical_volume": 4438787.4, "trend": 12.902, "fair_value": 11.663846, "relative_strength": 52.141429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.023542, "energy": 32.845695, "activity_lines": [ 16.748, 16.965455, 15.736976, 14.48843 ] }, { "date": "2024-11-08", "close": 16.86, "volume": 5423235, "typical_volume": 4552691.6, "trend": 13.126, "fair_value": 11.632179, "relative_strength": 31.788192, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.552522, "energy": 30.300464, "activity_lines": [ 16.852, 16.917636, 15.977, 14.743785 ] }, { "date": "2024-11-15", "close": 8.78, "volume": 21982038, "typical_volume": 5510900.95, "trend": 13.119667, "fair_value": 11.559744, "relative_strength": -28.838392, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -13.002751, "energy": 14.444754, "activity_lines": [ 14.288667, 15.394545, 15.419976, 14.463398 ] }, { "date": "2024-11-22", "close": 9.34, "volume": 6726759, "typical_volume": 5768036.4, "trend": 13.125, "fair_value": 11.492692, "relative_strength": -25.641438, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.54119, "energy": 35.715835, "activity_lines": [ 12.332667, 14.135818, 14.923524, 14.219548 ] }, { "date": "2024-11-29", "close": 8.87, "volume": 3384191, "typical_volume": 5737344.2, "trend": 13.086, "fair_value": 11.432885, "relative_strength": -29.851807, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.251973, "energy": 58.737944, "activity_lines": [ 10.669333, 12.954545, 14.386881, 13.945032 ] }, { "date": "2024-12-06", "close": 9.0, "volume": 4154706, "typical_volume": 5590834.0, "trend": 13.0685, "fair_value": 11.36891, "relative_strength": -30.842982, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.149472, "energy": 69.130934, "activity_lines": [ 9.528, 11.970727, 13.875857, 13.681419 ] }, { "date": "2024-12-13", "close": 7.89, "volume": 5479050, "typical_volume": 5664853.2, "trend": 12.980167, "fair_value": 11.296987, "relative_strength": -39.515747, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.205776, "energy": 76.333362, "activity_lines": [ 8.634667, 10.94, 13.268381, 13.347323 ] }, { "date": "2024-12-20", "close": 7.45, "volume": 6360754, "typical_volume": 5846313.1, "trend": 12.8785, "fair_value": 11.217885, "relative_strength": -41.222877, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.493971, "energy": 76.40658, "activity_lines": [ 8.192667, 9.999455, 12.637333, 12.990538 ] }, { "date": "2024-12-27", "close": 8.18, "volume": 3319979, "typical_volume": 5828400.7, "trend": 12.837167, "fair_value": 11.144231, "relative_strength": -35.705122, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.185894, "energy": 76.93428, "activity_lines": [ 8.082667, 9.330545, 12.095143, 12.687409 ] }, { "date": "2025-01-03", "close": 7.74, "volume": 3642430, "typical_volume": 5870667.95, "trend": 12.741833, "fair_value": 11.086859, "relative_strength": -38.339344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.560391, "energy": 69.299708, "activity_lines": [ 7.903333, 8.725273, 11.528048, 12.358559 ] }, { "date": "2025-01-10", "close": 6.94, "volume": 3307669, "typical_volume": 5824784.05, "trend": 12.594833, "fair_value": 11.034167, "relative_strength": -43.250699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.235128, "energy": 69.222516, "activity_lines": [ 7.532667, 8.125636, 10.90719, 11.984247 ] }, { "date": "2025-01-17", "close": 6.96, "volume": 4434596, "typical_volume": 5733558.15, "trend": 12.4575, "fair_value": 10.981667, "relative_strength": -44.472858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.838048, "energy": 70.689585, "activity_lines": [ 7.306, 7.735636, 10.321095, 11.62071 ] }, { "date": "2025-01-24", "close": 6.9, "volume": 4771500, "typical_volume": 5773345.4, "trend": 12.344167, "fair_value": 10.920962, "relative_strength": -45.62168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.122731, "energy": 69.811806, "activity_lines": [ 7.121333, 7.514727, 9.77481, 11.262161 ] }, { "date": "2025-01-31", "close": 5.99, "volume": 5725685, "typical_volume": 5806182.75, "trend": 12.2005, "fair_value": 10.854103, "relative_strength": -51.946406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.44914, "energy": 77.985932, "activity_lines": [ 6.67, 7.162545, 9.193381, 10.852215 ] }, { "date": "2025-02-07", "close": 5.71, "volume": 5751336, "typical_volume": 5670362.5, "trend": 12.0025, "fair_value": 10.776218, "relative_strength": -54.077866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.218417, "energy": 80.322931, "activity_lines": [ 6.271333, 6.820364, 8.643905, 10.433473 ] }, { "date": "2025-02-14", "close": 5.77, "volume": 4560055, "typical_volume": 5708754.45, "trend": 11.83, "fair_value": 10.69859, "relative_strength": -54.504523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.781923, "energy": 89.497286, "activity_lines": [ 6.028, 6.546545, 8.160714, 10.031376 ] }, { "date": "2025-02-21", "close": 5.67, "volume": 3391198, "typical_volume": 5582094.45, "trend": 11.627667, "fair_value": 10.616346, "relative_strength": -53.752741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.04748, "energy": 89.214895, "activity_lines": [ 5.829333, 6.313273, 7.723952, 9.633957 ] }, { "date": "2025-02-28", "close": 5.52, "volume": 5029876, "typical_volume": 5604520.1, "trend": 11.428, "fair_value": 10.540385, "relative_strength": -52.873371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.501796, "energy": 88.348131, "activity_lines": [ 5.666667, 6.093091, 7.328048, 9.239914 ] }, { "date": "2025-03-07", "close": 5.06, "volume": 7100491, "typical_volume": 5753850.65, "trend": 11.205, "fair_value": 10.485256, "relative_strength": -54.984002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.596417, "energy": 86.209608, "activity_lines": [ 5.442667, 5.824364, 6.933905, 8.829075 ] }, { "date": "2025-03-14", "close": 4.41, "volume": 7609764, "typical_volume": 5827869.7, "trend": 10.937, "fair_value": 10.429551, "relative_strength": -59.416409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.798774, "energy": 71.751947, "activity_lines": [ 5.064, 5.494182, 6.530333, 8.390688 ] }, { "date": "2025-03-21", "close": 6.23, "volume": 8304832, "typical_volume": 6023007.2, "trend": 10.683333, "fair_value": 10.384615, "relative_strength": -42.227433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.891452, "energy": 63.26041, "activity_lines": [ 5.378667, 5.555455, 6.355524, 8.087011 ] }, { "date": "2025-03-28", "close": 6.6, "volume": 4545948, "typical_volume": 5979142.85, "trend": 10.352667, "fair_value": 10.335641, "relative_strength": -36.793972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.899162, "energy": 51.962632, "activity_lines": [ 5.786, 5.696909, 6.273286, 7.82357 ] }, { "date": "2025-04-04", "close": 4.88, "volume": 9598603, "typical_volume": 5359971.1, "trend": 9.924667, "fair_value": 10.270256, "relative_strength": -47.531386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.181834, "energy": 51.222665, "activity_lines": [ 5.558, 5.532182, 6.076095, 7.470495 ] }, { "date": "2025-04-11", "close": 4.88, "volume": 5412989, "typical_volume": 5294282.6, "trend": 9.477333, "fair_value": 10.207051, "relative_strength": -50.654504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.034954, "energy": 47.448662, "activity_lines": [ 5.372667, 5.404182, 5.897476, 7.145032 ] }, { "date": "2025-04-18", "close": 4.03, "volume": 3833745, "typical_volume": 5316760.3, "trend": 8.997333, "fair_value": 10.145705, "relative_strength": -57.831571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.237674, "energy": 56.752188, "activity_lines": [ 4.916, 5.141818, 5.659143, 6.793591 ] }, { "date": "2025-04-25", "close": 4.11, "volume": 5100908, "typical_volume": 5364070.4, "trend": 8.550333, "fair_value": 10.089103, "relative_strength": -59.119386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.608643, "energy": 60.218213, "activity_lines": [ 4.511333, 4.924545, 5.451476, 6.47828 ] }, { "date": "2025-05-02", "close": 2.76, "volume": 13047616, "typical_volume": 5742498.7, "trend": 8.067333, "fair_value": 10.033013, "relative_strength": -73.033278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.93972, "energy": 77.208393, "activity_lines": [ 3.798, 4.492, 5.138524, 6.10471 ] }, { "date": "2025-05-09", "close": 3.14, "volume": 21583602, "typical_volume": 6503641.1, "trend": 7.669, "fair_value": 10.001923, "relative_strength": -68.830004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.565385, "energy": 76.347709, "activity_lines": [ 3.467333, 4.181455, 4.88619, 5.786817 ] }, { "date": "2025-05-16", "close": 4.085, "volume": 9328224, "typical_volume": 6804053.35, "trend": 7.269167, "fair_value": 9.972532, "relative_strength": -61.496221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.447296, "energy": 56.260238, "activity_lines": [ 3.567667, 4.086, 4.744381, 5.555591 ] }, { "date": "2025-05-23", "close": 4.02, "volume": 5234127, "typical_volume": 6883638.2, "trend": 6.868167, "fair_value": 9.950609, "relative_strength": -60.631225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.136238, "energy": 50.195873, "activity_lines": [ 3.699333, 3.996455, 4.615881, 5.345968 ] }, { "date": "2025-05-30", "close": 4.25, "volume": 4022551, "typical_volume": 6919382.3, "trend": 6.400833, "fair_value": 9.931955, "relative_strength": -58.661069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.631361, "energy": 39.405292, "activity_lines": [ 3.908333, 3.955818, 4.527, 5.177054 ] }, { "date": "2025-06-06", "close": 8.92, "volume": 56166549, "typical_volume": 9505979.95, "trend": 6.136167, "fair_value": 9.945673, "relative_strength": -14.491789, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 4.997723, "energy": 16.144842, "activity_lines": [ 5.664667, 4.800273, 4.89569, 5.339581 ] }, { "date": "2025-06-13", "close": 10.64, "volume": 24570711, "typical_volume": 10495940.5, "trend": 6.198167, "fair_value": 9.973686, "relative_strength": 2.93514, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.478165, "energy": 46.21147, "activity_lines": [ 7.583667, 5.915273, 5.418857, 5.630151 ] }, { "date": "2025-06-20", "close": 10.42, "volume": 7828922, "typical_volume": 10601102.35, "trend": 6.234167, "fair_value": 9.985417, "relative_strength": 1.172489, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.170032, "energy": 70.968182, "activity_lines": [ 8.929333, 6.885545, 5.903262, 5.902527 ] }, { "date": "2025-06-27", "close": 9.74, "volume": 8362539, "typical_volume": 10731662.5, "trend": 6.263167, "fair_value": 9.989712, "relative_strength": -8.854628, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.384575, "energy": 73.692798, "activity_lines": [ 9.626, 7.631455, 6.30181, 6.12871 ] }, { "date": "2025-07-04", "close": 8.92, "volume": 5181504, "typical_volume": 10762734.95, "trend": 6.2605, "fair_value": 9.981122, "relative_strength": -17.353712, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.622898, "energy": 82.274733, "activity_lines": [ 9.668, 8.124455, 6.603071, 6.300118 ] }, { "date": "2025-07-11", "close": 9.18, "volume": 4405482, "typical_volume": 10813449.15, "trend": 6.3035, "fair_value": 9.978237, "relative_strength": -14.028856, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.030696, "energy": 72.114478, "activity_lines": [ 9.485333, 8.577273, 6.914095, 6.488473 ] }, { "date": "2025-07-18", "close": 7.95, "volume": 4976486, "typical_volume": 10810779.65, "trend": 6.320167, "fair_value": 9.966635, "relative_strength": -25.818437, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.504952, "energy": 44.34274, "activity_lines": [ 8.875333, 8.689727, 7.091262, 6.594699 ] }, { "date": "2025-07-25", "close": 9.63, "volume": 5421929, "typical_volume": 10726851.55, "trend": 6.3685, "fair_value": 9.969327, "relative_strength": -10.184498, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.503531, "energy": 38.106377, "activity_lines": [ 9.004667, 9.020182, 7.416857, 6.808237 ] }, { "date": "2025-08-01", "close": 8.35, "volume": 3937839, "typical_volume": 10543255.3, "trend": 6.388833, "fair_value": 9.976378, "relative_strength": -19.489996, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.465931, "energy": 30.359524, "activity_lines": [ 8.76, 9.017091, 7.598786, 6.936075 ] }, { "date": "2025-08-08", "close": 9.74, "volume": 6627133, "typical_volume": 10459370.35, "trend": 6.482167, "fair_value": 9.970609, "relative_strength": -8.595121, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.08693, "energy": 32.991889, "activity_lines": [ 9.071333, 9.188, 7.894333, 7.15228 ] }, { "date": "2025-08-15", "close": 10.24, "volume": 5542121, "typical_volume": 10509179.0, "trend": 6.5915, "fair_value": 9.968686, "relative_strength": -3.504933, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.489723, "energy": 42.496109, "activity_lines": [ 9.494667, 9.35, 8.220786, 7.39472 ] }, { "date": "2025-08-22", "close": 11.91, "volume": 5585326, "typical_volume": 10308515.15, "trend": 6.7585, "fair_value": 9.988942, "relative_strength": 14.262627, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.327914, "energy": 55.177898, "activity_lines": [ 10.404, 9.791636, 8.688952, 7.737849 ] }, { "date": "2025-08-29", "close": 12.18, "volume": 4769272, "typical_volume": 10276329.3, "trend": 6.964833, "fair_value": 10.011891, "relative_strength": 18.87135, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.216109, "energy": 66.397905, "activity_lines": [ 11.139333, 10.259273, 9.149357, 8.087624 ] }, { "date": "2025-09-05", "close": 12.34, "volume": 5071770, "typical_volume": 10338230.55, "trend": 7.185833, "fair_value": 10.031506, "relative_strength": 21.631387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.407124, "energy": 82.167021, "activity_lines": [ 11.758, 10.724, 9.590238, 8.434409 ] }, { "date": "2025-09-12", "close": 11.84, "volume": 5235742, "typical_volume": 10344972.25, "trend": 7.388167, "fair_value": 10.040865, "relative_strength": 16.961136, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.153932, "energy": 81.24623, "activity_lines": [ 11.944, 11.050545, 9.943929, 8.734677 ] }, { "date": "2025-09-19", "close": 11.21, "volume": 5746397, "typical_volume": 9979911.3, "trend": 7.572833, "fair_value": 10.05125, "relative_strength": 10.827693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.27411, "energy": 72.088125, "activity_lines": [ 11.78, 11.209455, 10.20081, 8.981247 ] }, { "date": "2025-09-26", "close": 11.78, "volume": 5727772, "typical_volume": 9187119.8, "trend": 7.7815, "fair_value": 10.055737, "relative_strength": 19.216716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.130908, "energy": 59.075715, "activity_lines": [ 11.741333, 11.435091, 10.471738, 9.252677 ] }, { "date": "2025-10-03", "close": 12.21, "volume": 6633891, "typical_volume": 9052403.15, "trend": 8.019833, "fair_value": 10.068942, "relative_strength": 24.303579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.252317, "energy": 49.20748, "activity_lines": [ 11.854667, 11.669273, 10.742476, 9.538387 ] }, { "date": "2025-10-10", "close": 11.82, "volume": 8505751, "typical_volume": 9215984.35, "trend": 8.266833, "fair_value": 10.082276, "relative_strength": 24.701082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.550278, "energy": 41.534429, "activity_lines": [ 11.836, 11.785636, 10.937381, 9.783559 ] }, { "date": "2025-10-17", "close": 12.96, "volume": 6404768, "typical_volume": 9335095.2, "trend": 8.491167, "fair_value": 10.101378, "relative_strength": 35.278699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.095091, "energy": 47.293637, "activity_lines": [ 12.232, 12.046182, 11.203714, 10.086344 ] }, { "date": "2025-10-24", "close": 13.53, "volume": 3883428, "typical_volume": 6720939.15, "trend": 8.722167, "fair_value": 10.121186, "relative_strength": 40.022357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.11281, "energy": 52.36184, "activity_lines": [ 12.743333, 12.351818, 11.482857, 10.41143 ] }, { "date": "2025-10-31", "close": 13.55, "volume": 6432608, "typical_volume": 5814034.0, "trend": 9.011167, "fair_value": 10.144327, "relative_strength": 40.343381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.54441, "energy": 50.906884, "activity_lines": [ 13.106667, 12.601273, 11.741952, 10.722903 ] }, { "date": "2025-11-07", "close": 13.25, "volume": 4854014, "typical_volume": 5665288.6, "trend": 9.290167, "fair_value": 10.161378, "relative_strength": 43.608775, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.409379, "energy": 50.669665, "activity_lines": [ 13.252, 12.766364, 11.958619, 10.996376 ] }, { "date": "2025-11-14", "close": 14.56, "volume": 4385320, "typical_volume": 5466427.65, "trend": 9.641167, "fair_value": 10.190032, "relative_strength": 56.811914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.183555, "energy": 58.687247, "activity_lines": [ 13.764667, 13.150182, 12.286571, 11.336366 ] }, { "date": "2025-11-21", "close": 15.0, "volume": 4083398, "typical_volume": 5411522.35, "trend": 10.004167, "fair_value": 10.225096, "relative_strength": 65.266228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.420181, "energy": 61.009245, "activity_lines": [ 14.241333, 13.573636, 12.633476, 11.682097 ] }, { "date": "2025-11-28", "close": 15.62, "volume": 3116762, "typical_volume": 5347086.35, "trend": 10.432833, "fair_value": 10.259006, "relative_strength": 62.418026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.112908, "energy": 68.743048, "activity_lines": [ 14.788667, 14.052364, 13.010476, 12.044409 ] }, { "date": "2025-12-05", "close": 14.58, "volume": 4194767, "typical_volume": 5308000.4, "trend": 10.814167, "fair_value": 10.288686, "relative_strength": 48.96431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.562142, "energy": 61.883298, "activity_lines": [ 14.85, 14.261818, 13.257762, 12.311968 ] }, { "date": "2025-12-12", "close": 14.56, "volume": 3852606, "typical_volume": 5229534.25, "trend": 11.163333, "fair_value": 10.312853, "relative_strength": 50.017057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.428399, "energy": 48.514401, "activity_lines": [ 14.836, 14.416727, 13.471571, 12.553634 ] }, { "date": "2025-12-19", "close": 17.53, "volume": 7645476, "typical_volume": 5414916.1, "trend": 11.613667, "fair_value": 10.352853, "relative_strength": 76.614463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.445334, "energy": 57.79719, "activity_lines": [ 15.724667, 15.068909, 13.944762, 12.964387 ] }, { "date": "2025-12-26", "close": 17.56, "volume": 2829182, "typical_volume": 5225018.55, "trend": 12.057333, "fair_value": 10.393494, "relative_strength": 72.200616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.410643, "energy": 58.088431, "activity_lines": [ 16.425333, 15.622727, 14.377095, 13.348022 ] }, { "date": "2026-01-02", "close": 15.71, "volume": 2455933, "typical_volume": 5070709.15, "trend": 12.283667, "fair_value": 10.445994, "relative_strength": 54.829804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.040519, "energy": 50.009203, "activity_lines": [ 16.338667, 15.756545, 14.596, 13.583677 ] }, { "date": "2026-01-09", "close": 15.015, "volume": 10435207, "typical_volume": 5313203.2, "trend": 12.4295, "fair_value": 10.489231, "relative_strength": 43.087727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.781143, "energy": 44.8129, "activity_lines": [ 16.014333, 15.724364, 14.722667, 13.759892 ] }, { "date": "2026-01-16", "close": 14.06, "volume": 6950742, "typical_volume": 5422276.7, "trend": 12.550833, "fair_value": 10.524167, "relative_strength": 33.732657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.030557, "energy": 27.457523, "activity_lines": [ 15.342667, 15.491909, 14.743595, 13.865086 ] }, { "date": "2026-01-23", "close": 13.5, "volume": 5303300, "typical_volume": 5433853.2, "trend": 12.676167, "fair_value": 10.531474, "relative_strength": 26.867318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.207807, "energy": 19.267962, "activity_lines": [ 14.517667, 15.142909, 14.702238, 13.926323 ] }, { "date": "2026-01-30", "close": 13.67, "volume": 3779368, "typical_volume": 5361034.5, "trend": 12.8345, "fair_value": 10.542372, "relative_strength": 27.144393, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.773617, "energy": 20.197812, "activity_lines": [ 14.018, 14.844091, 14.671548, 13.990441 ] }, { "date": "2026-02-06", "close": 12.58, "volume": 4695595, "typical_volume": 5308494.4, "trend": 12.947833, "fair_value": 10.570897, "relative_strength": 18.082771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.555652, "energy": 20.400342, "activity_lines": [ 13.414333, 14.371273, 14.528333, 13.974022 ] }, { "date": "2026-02-13", "close": 12.02, "volume": 3304591, "typical_volume": 5187335.35, "trend": 13.0835, "fair_value": 10.585705, "relative_strength": 13.130641, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.239296, "energy": 32.359144, "activity_lines": [ 12.832667, 13.851909, 14.325262, 13.914161 ] }, { "date": "2026-02-20", "close": 11.42, "volume": 4609454, "typical_volume": 5086113.5, "trend": 13.143167, "fair_value": 10.597756, "relative_strength": 5.357342, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.278232, "energy": 48.23159, "activity_lines": [ 12.250667, 13.27, 14.063905, 13.806839 ] }, { "date": "2026-02-27", "close": 12.56, "volume": 6598083, "typical_volume": 4990730.1, "trend": 13.2835, "fair_value": 10.622308, "relative_strength": 14.952184, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.81205, "energy": 43.003672, "activity_lines": [ 12.224667, 12.952455, 13.914881, 13.769215 ] }, { "date": "2026-03-06", "close": 10.67, "volume": 5575198, "typical_volume": 4949251.6, "trend": 13.3145, "fair_value": 10.644103, "relative_strength": -1.899054, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.717854, "energy": 51.358972, "activity_lines": [ 11.631333, 12.381636, 13.582333, 13.600602 ] }, { "date": "2026-03-13", "close": 10.37, "volume": 5307057, "typical_volume": 5020433.05, "trend": 13.318833, "fair_value": 10.668269, "relative_strength": -4.521808, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.101548, "energy": 51.806006, "activity_lines": [ 11.138, 11.881545, 13.232119, 13.410634 ] }, { "date": "2026-03-20", "close": 11.21, "volume": 6476307, "typical_volume": 5022618.0, "trend": 13.2955, "fair_value": 10.700449, "relative_strength": 4.593919, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.935008, "energy": 53.435411, "activity_lines": [ 11.072, 11.631273, 12.976952, 13.274581 ] }, { "date": "2026-03-27", "close": 10.58, "volume": 5094124, "typical_volume": 5034623.5, "trend": 13.242167, "fair_value": 10.7225, "relative_strength": 1.512883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.79451, "energy": 60.425198, "activity_lines": [ 10.85, 11.335636, 12.672929, 13.099387 ] }, { "date": "2026-04-03", "close": 11.34, "volume": 4280170, "typical_volume": 5029366.0, "trend": 13.208833, "fair_value": 10.745833, "relative_strength": 3.799837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.191703, "energy": 47.664868, "activity_lines": [ 10.937333, 11.241455, 12.454, 12.976667 ] }, { "date": "2026-04-10", "close": 12.63, "volume": 5461421, "typical_volume": 5098267.15, "trend": 13.235167, "fair_value": 10.762821, "relative_strength": 9.557473, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.098335, "energy": 27.829178, "activity_lines": [ 11.536, 11.421091, 12.373262, 12.939323 ] }, { "date": "2026-04-17", "close": 13.19, "volume": 4252600, "typical_volume": 5155059.05, "trend": 13.301167, "fair_value": 10.779551, "relative_strength": 6.535781, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.898091, "energy": 18.020135, "activity_lines": [ 12.190667, 11.721455, 12.357143, 12.936409 ] }, { "date": "2026-04-24", "close": 11.7, "volume": 6966987, "typical_volume": 5293670.05, "trend": 13.2985, "fair_value": 10.785962, "relative_strength": -8.35899, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.314007, "energy": 20.704822, "activity_lines": [ 12.160667, 11.739818, 12.21069, 12.833108 ] }, { "date": "2026-05-01", "close": 12.01, "volume": 11757607, "typical_volume": 5688920.1, "trend": 13.291833, "fair_value": 10.783782, "relative_strength": -8.475758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.804027, "energy": 19.677142, "activity_lines": [ 12.201333, 11.820364, 12.107476, 12.749978 ] }, { "date": "2026-05-08", "close": 12.16, "volume": 5388735, "typical_volume": 5576083.05, "trend": 13.303167, "fair_value": 10.775449, "relative_strength": -13.077482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.783543, "energy": 15.958645, "activity_lines": [ 12.196667, 11.917455, 12.03069, 12.676957 ] }, { "date": "2026-05-15", "close": 11.87, "volume": 5884414, "typical_volume": 5728844.65, "trend": 13.266833, "fair_value": 10.766667, "relative_strength": -15.608009, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.218197, "energy": 14.150597, "activity_lines": [ 12.040667, 11.969091, 11.951857, 12.584495 ] }, { "date": "2026-05-22", "close": 11.33, "volume": 4751863, "typical_volume": 5843641.15, "trend": 13.1935, "fair_value": 10.76391, "relative_strength": -21.016082, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.50872, "energy": 21.71426, "activity_lines": [ 11.755333, 11.900727, 11.84869, 12.459538 ] }, { "date": "2026-05-29", "close": 9.59, "volume": 5288543, "typical_volume": 5586307.95, "trend": 13.0615, "fair_value": 10.750641, "relative_strength": -35.323607, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.606646, "energy": 50.744733, "activity_lines": [ 11.014, 11.498545, 11.600667, 12.227054 ] }, { "date": "2026-06-05", "close": 10.13, "volume": 7698505, "typical_volume": 5623696.1, "trend": 12.9575, "fair_value": 10.732308, "relative_strength": -28.286387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.700934, "energy": 58.883839, "activity_lines": [ 10.593333, 11.224, 11.429905, 12.037925 ] }, { "date": "2026-06-12", "close": 10.37, "volume": 3694686, "typical_volume": 5543265.4, "trend": 12.817833, "fair_value": 10.721218, "relative_strength": -27.836224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.118413, "energy": 61.982567, "activity_lines": [ 10.378, 11.001273, 11.300714, 11.870989 ] }, { "date": "2026-06-19", "close": 10.88, "volume": 3404429, "typical_volume": 5524518.45, "trend": 12.6805, "fair_value": 10.706667, "relative_strength": -25.888907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.167562, "energy": 57.381544, "activity_lines": [ 10.452, 10.888909, 11.235, 11.745968 ] }, { "date": "2026-06-26", "close": 10.72, "volume": 5919608, "typical_volume": 5585719.1, "trend": 12.517167, "fair_value": 10.68359, "relative_strength": -23.340854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.995748, "energy": 35.449405, "activity_lines": [ 10.538667, 10.779273, 11.167333, 11.619484 ] }, { "date": "2026-07-03", "close": 11.2, "volume": 3589103, "typical_volume": 5599944.7, "trend": 12.4045, "fair_value": 10.667436, "relative_strength": -20.562469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.374864, "energy": 22.997949, "activity_lines": [ 10.826, 10.801818, 11.154238, 11.534505 ] }, { "date": "2026-07-10", "close": 12.61, "volume": 8071544, "typical_volume": 5773049.2, "trend": 12.3395, "fair_value": 10.658141, "relative_strength": -12.2178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.778757, "energy": 11.340395, "activity_lines": [ 11.476, 11.089818, 11.279333, 11.547763 ] }, { "date": "2026-07-17", "close": 10.94, "volume": 4691583, "typical_volume": 5677724.2, "trend": 12.119833, "fair_value": 10.639295, "relative_strength": -20.654589, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.661565, "energy": 16.815672, "activity_lines": [ 11.404, 11.063273, 11.239714, 11.457473 ] }, { "date": "2026-07-24", "close": 11.44, "volume": 4666618, "typical_volume": 5632295.2, "trend": 11.915833, "fair_value": 10.617692, "relative_strength": -15.653863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.476279, "energy": 16.476441, "activity_lines": [ 11.460667, 11.149818, 11.255429, 11.413613 ] }, { "date": "2026-07-31", "close": 8.75, "volume": 13015843, "typical_volume": 6017734.5, "trend": 11.683833, "fair_value": 10.579872, "relative_strength": -35.689039, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.547443, "energy": 30.621007, "activity_lines": [ 10.583333, 10.755091, 11.011286, 11.209366 ] }, { "date": "2026-08-07", "close": 8.55, "volume": 9158897, "typical_volume": 6151864.0, "trend": 11.468333, "fair_value": 10.534744, "relative_strength": -39.901159, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.730921, "energy": 63.509144, "activity_lines": [ 9.770667, 10.370909, 10.75581, 11.007183 ] } ], "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." } } }