{ "ticker": { "uuid": "4c20995b-9004-419f-bdc1-2921e6e00b7d", "symbol": "CDXS", "name": "Codexis 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 92.239, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -36.786, "architecture_energy": 68.226, "architecture_maturity": 22.0, "architecture_confidence": 84.679, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 26.47, "rotation_up": 14.04, "upward_expansion": 29.92, "deceleration": 49.24, "rotation_down": 70.65, "downward_expansion": 54.92 }, "activity_lines": [ 1.62, 1.934182, 2.198286, 2.131462 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 1.47, "trend_reference": 1.974667, "distance_from_trend": -0.255571, "trend_direction": "Improving", "fair_value": 2.713205, "distance_from_fair_value": -0.458205, "fair_value_direction": "Weakening", "relative_strength": -37.44328, "relative_strength_direction": "Weakening", "price_momentum": 0.105263, "excess_performance": -0.08219, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.255571, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.087471, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.458205, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.489449, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.374433, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.470458, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.105263, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.388002, "read": "Supply-led" } ], "volume": { "latest": 4160398, "relative_activity": 0.733661, "balance": 0.388002, "dry_up": 1.295988, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.253297, "annualized_volatility": 0.97119, "from_high_reference": -0.620155, "from_low_reference": 0.533966 }, "levels": { "trend_reference": 1.974667, "fair_value_reference": 2.713205, "structural_low": 0.9583, "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": 3, "median_return": 0.067057, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.029354, "regime_survival": 0.333333, "best_return": 0.185882, "worst_return": -0.246454, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.25967, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.244984, "regime_survival": 0.0, "best_return": -0.159574, "worst_return": -0.359766, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.388378, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.42531, "regime_survival": 0.0, "best_return": -0.141844, "worst_return": -0.634912, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.607088, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.644064, "regime_survival": 0.0, "best_return": -0.56383, "worst_return": -0.650346, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-05", "end": "2024-06-28", "tenure": "Established", "return": -0.028213, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-05", "end": "2024-09-06", "tenure": "Developing", "return": -0.077441, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-10-11", "tenure": "Developing", "return": 0.133094, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.196481, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-24", "tenure": "Developing", "return": 0.265464, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.274463, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.246454, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-08-01", "tenure": "Established", "return": 0.144681, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-11-14", "tenure": "Established", "return": -0.406137, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-04-10", "tenure": "Established", "return": 0.454545, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-08", "tenure": "New", "return": 0.100386, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-06-12", "tenure": "Developing", "return": -0.02439, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-07-31", "tenure": "Developing", "return": -0.455253, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.66, "volume": 6390947, "typical_volume": 4716948.7, "trend": 3.725333, "fair_value": 15.096026, "relative_strength": -70.15361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.238534, "energy": 73.986469, "activity_lines": [ 2.433333, 2.734909, 2.843952, 3.142602 ] }, { "date": "2023-08-25", "close": 1.65, "volume": 5122853, "typical_volume": 4792893.95, "trend": 3.561333, "fair_value": 15.018141, "relative_strength": -70.087027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.623936, "energy": 88.467516, "activity_lines": [ 2.043333, 2.518, 2.708429, 3.00871 ] }, { "date": "2023-09-01", "close": 1.8, "volume": 4287363, "typical_volume": 4851095.3, "trend": 3.406333, "fair_value": 14.951218, "relative_strength": -67.795324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.36371, "energy": 87.581834, "activity_lines": [ 1.843333, 2.350727, 2.598714, 2.895075 ] }, { "date": "2023-09-08", "close": 1.72, "volume": 3695485, "typical_volume": 4878117.85, "trend": 3.268333, "fair_value": 14.889103, "relative_strength": -67.973289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.992187, "energy": 87.666551, "activity_lines": [ 1.744, 2.187091, 2.492333, 2.78628 ] }, { "date": "2023-09-15", "close": 1.94, "volume": 8623184, "typical_volume": 5188090.6, "trend": 3.142, "fair_value": 14.823462, "relative_strength": -62.773045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.123498, "energy": 76.806642, "activity_lines": [ 1.796, 2.083091, 2.41919, 2.700581 ] }, { "date": "2023-09-22", "close": 1.56, "volume": 4164256, "typical_volume": 5218811.85, "trend": 3.036333, "fair_value": 14.757756, "relative_strength": -68.24497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.420187, "energy": 60.984098, "activity_lines": [ 1.731333, 1.924, 2.319286, 2.598516 ] }, { "date": "2023-09-29", "close": 1.89, "volume": 5530684, "typical_volume": 5209350.55, "trend": 2.935, "fair_value": 14.694872, "relative_strength": -60.597145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.692077, "energy": 50.743821, "activity_lines": [ 1.783333, 1.853636, 2.261286, 2.524559 ] }, { "date": "2023-10-06", "close": 2.04, "volume": 4239446, "typical_volume": 5183697.55, "trend": 2.865667, "fair_value": 14.619359, "relative_strength": -57.324194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.316686, "energy": 39.137547, "activity_lines": [ 1.869333, 1.844364, 2.22119, 2.466817 ] }, { "date": "2023-10-13", "close": 1.99, "volume": 3104999, "typical_volume": 5085957.75, "trend": 2.802333, "fair_value": 14.541923, "relative_strength": -57.571129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.61214, "energy": 36.072488, "activity_lines": [ 1.922667, 1.856364, 2.178952, 2.410323 ] }, { "date": "2023-10-20", "close": 1.7, "volume": 3335398, "typical_volume": 4956076.1, "trend": 2.729667, "fair_value": 14.460417, "relative_strength": -61.86743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.80908, "energy": 35.796055, "activity_lines": [ 1.861333, 1.832, 2.111381, 2.339204 ] }, { "date": "2023-10-27", "close": 1.55, "volume": 2928141, "typical_volume": 4722950.3, "trend": 2.643333, "fair_value": 14.385032, "relative_strength": -63.409771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.10825, "energy": 44.234431, "activity_lines": [ 1.766, 1.787455, 2.033952, 2.263097 ] }, { "date": "2023-11-03", "close": 1.93, "volume": 3636895, "typical_volume": 4685224.85, "trend": 2.572, "fair_value": 14.304455, "relative_strength": -55.910645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.300488, "energy": 38.865547, "activity_lines": [ 1.798, 1.814, 1.997429, 2.217075 ] }, { "date": "2023-11-10", "close": 1.66, "volume": 3482902, "typical_volume": 4582499.8, "trend": 2.490667, "fair_value": 14.214968, "relative_strength": -61.948549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.525245, "energy": 45.910286, "activity_lines": [ 1.737333, 1.786364, 1.939714, 2.158237 ] }, { "date": "2023-11-17", "close": 2.04, "volume": 4225874, "typical_volume": 4678399.2, "trend": 2.415333, "fair_value": 14.116827, "relative_strength": -53.183276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.48514, "energy": 34.106007, "activity_lines": [ 1.828667, 1.830364, 1.923619, 2.129161 ] }, { "date": "2023-11-24", "close": 2.03, "volume": 2565861, "typical_volume": 4710463.9, "trend": 2.352333, "fair_value": 14.014391, "relative_strength": -52.718371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.090802, "energy": 19.922185, "activity_lines": [ 1.913333, 1.866727, 1.91019, 2.104301 ] }, { "date": "2023-12-01", "close": 2.47, "volume": 3513311, "typical_volume": 4563170.5, "trend": 2.309333, "fair_value": 13.91766, "relative_strength": -41.181147, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.262722, "energy": 11.472552, "activity_lines": [ 2.122667, 1.981455, 1.941905, 2.111892 ] }, { "date": "2023-12-08", "close": 2.28, "volume": 2687171, "typical_volume": 4457521.45, "trend": 2.297, "fair_value": 13.819776, "relative_strength": -44.612211, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.657515, "energy": 18.270389, "activity_lines": [ 2.207333, 2.045091, 1.958714, 2.11 ] }, { "date": "2023-12-15", "close": 2.88, "volume": 11483037, "typical_volume": 4798819.05, "trend": 2.306667, "fair_value": 13.712853, "relative_strength": -30.751894, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.325017, "energy": 42.266265, "activity_lines": [ 2.468667, 2.210727, 2.039667, 2.147613 ] }, { "date": "2023-12-22", "close": 3.12, "volume": 4283889, "typical_volume": 4745135.15, "trend": 2.328333, "fair_value": 13.587532, "relative_strength": -24.409694, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.22337, "energy": 62.340815, "activity_lines": [ 2.728667, 2.404727, 2.147429, 2.200086 ] }, { "date": "2023-12-29", "close": 3.05, "volume": 3231397, "typical_volume": 4526654.65, "trend": 2.342333, "fair_value": 13.467147, "relative_strength": -24.896959, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.086481, "energy": 66.909529, "activity_lines": [ 2.893333, 2.565455, 2.247429, 2.246645 ] }, { "date": "2024-01-05", "close": 2.79, "volume": 2338236, "typical_volume": 4324019.1, "trend": 2.350667, "fair_value": 13.334006, "relative_strength": -27.236529, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.990897, "energy": 61.145923, "activity_lines": [ 2.903333, 2.654364, 2.318095, 2.275527 ] }, { "date": "2024-01-12", "close": 2.86, "volume": 2436097, "typical_volume": 4189681.3, "trend": 2.35, "fair_value": 13.19016, "relative_strength": -25.440967, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.388006, "energy": 49.601609, "activity_lines": [ 2.915333, 2.733455, 2.390048, 2.308387 ] }, { "date": "2024-01-19", "close": 2.69, "volume": 1629635, "typical_volume": 4056794.9, "trend": 2.346333, "fair_value": 13.040994, "relative_strength": -29.370953, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.665013, "energy": 31.017669, "activity_lines": [ 2.832, 2.764727, 2.440048, 2.330323 ] }, { "date": "2024-01-26", "close": 2.78, "volume": 2489403, "typical_volume": 3996490.8, "trend": 2.345667, "fair_value": 12.909519, "relative_strength": -24.943692, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 42.969624, "energy": 29.153182, "activity_lines": [ 2.791333, 2.793636, 2.494381, 2.358301 ] }, { "date": "2024-02-02", "close": 2.72, "volume": 2427083, "typical_volume": 3686685.75, "trend": 2.346, "fair_value": 12.749071, "relative_strength": -24.99947, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.904847, "energy": 25.881142, "activity_lines": [ 2.753333, 2.798182, 2.537952, 2.382452 ] }, { "date": "2024-02-09", "close": 3.0, "volume": 2208855, "typical_volume": 3588915.7, "trend": 2.341333, "fair_value": 12.599647, "relative_strength": -16.360628, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.514333, "energy": 28.919221, "activity_lines": [ 2.830667, 2.841091, 2.604476, 2.424645 ] }, { "date": "2024-02-16", "close": 3.18, "volume": 2601523, "typical_volume": 3442457.65, "trend": 2.322333, "fair_value": 12.454808, "relative_strength": -7.455135, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.196872, "energy": 39.446263, "activity_lines": [ 2.954, 2.907091, 2.681286, 2.478753 ] }, { "date": "2024-02-23", "close": 3.03, "volume": 1710277, "typical_volume": 3315999.2, "trend": 2.299667, "fair_value": 12.3325, "relative_strength": -11.063576, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.474346, "energy": 41.114321, "activity_lines": [ 3.006, 2.929455, 2.737667, 2.524409 ] }, { "date": "2024-03-01", "close": 4.61, "volume": 9045116, "typical_volume": 3613005.05, "trend": 2.357, "fair_value": 12.236987, "relative_strength": 34.696479, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.102844, "energy": 78.825746, "activity_lines": [ 3.562, 3.236364, 2.93981, 2.673462 ] }, { "date": "2024-03-08", "close": 3.47, "volume": 3743705, "typical_volume": 3633420.4, "trend": 2.403, "fair_value": 12.124487, "relative_strength": 4.604811, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.882665, "energy": 64.903706, "activity_lines": [ 3.616, 3.308909, 3.020905, 2.745269 ] }, { "date": "2024-03-15", "close": 3.33, "volume": 2622056, "typical_volume": 3618116.15, "trend": 2.458667, "fair_value": 12.008141, "relative_strength": 2.913923, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.421011, "energy": 59.067898, "activity_lines": [ 3.573333, 3.348364, 3.080238, 2.805075 ] }, { "date": "2024-03-22", "close": 3.45, "volume": 2941607, "typical_volume": 3583351.75, "trend": 2.518667, "fair_value": 11.897564, "relative_strength": 4.815793, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.440098, "energy": 52.7607, "activity_lines": [ 3.548667, 3.399818, 3.142524, 2.869032 ] }, { "date": "2024-03-29", "close": 3.49, "volume": 1632507, "typical_volume": 3490832.0, "trend": 2.575, "fair_value": 11.764167, "relative_strength": 8.041325, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.260516, "energy": 34.569494, "activity_lines": [ 3.519333, 3.447818, 3.201381, 2.931699 ] }, { "date": "2024-04-05", "close": 3.19, "volume": 1789340, "typical_volume": 3369005.3, "trend": 2.624, "fair_value": 11.630769, "relative_strength": 1.05428, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.798828, "energy": 23.336742, "activity_lines": [ 3.359333, 3.426727, 3.222952, 2.971376 ] }, { "date": "2024-04-12", "close": 2.87, "volume": 1548759, "typical_volume": 3318150.2, "trend": 2.655, "fair_value": 11.497885, "relative_strength": -7.027972, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.282721, "energy": 14.876359, "activity_lines": [ 3.187333, 3.34, 3.208571, 2.987247 ] }, { "date": "2024-04-19", "close": 2.83, "volume": 2307858, "typical_volume": 3257877.55, "trend": 2.697333, "fair_value": 11.361731, "relative_strength": -1.255609, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.480296, "energy": 15.130389, "activity_lines": [ 3.042, 3.243273, 3.186381, 2.998538 ] }, { "date": "2024-04-26", "close": 2.66, "volume": 1406169, "typical_volume": 3193827.45, "trend": 2.723, "fair_value": 11.230192, "relative_strength": -9.176222, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.567249, "energy": 15.406073, "activity_lines": [ 2.873333, 3.118727, 3.146286, 2.996129 ] }, { "date": "2024-05-03", "close": 3.92, "volume": 3765148, "typical_volume": 2807933.0, "trend": 2.785667, "fair_value": 11.131346, "relative_strength": 33.496583, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.250776, "energy": 20.457031, "activity_lines": [ 3.177333, 3.232727, 3.224381, 3.073355 ] }, { "date": "2024-05-10", "close": 3.62, "volume": 2752336, "typical_volume": 2731355.35, "trend": 2.84, "fair_value": 11.037308, "relative_strength": 21.451412, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.010526, "energy": 22.818622, "activity_lines": [ 3.352667, 3.276, 3.268952, 3.127183 ] }, { "date": "2024-05-17", "close": 3.61, "volume": 2296516, "typical_volume": 2684611.3, "trend": 2.903667, "fair_value": 10.935064, "relative_strength": 18.433272, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 48.622909, "energy": 32.884705, "activity_lines": [ 3.496, 3.335455, 3.31019, 3.17686 ] }, { "date": "2024-05-24", "close": 3.17, "volume": 1786284, "typical_volume": 2657013.7, "trend": 2.957667, "fair_value": 10.823974, "relative_strength": 2.655278, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.79241, "energy": 29.700671, "activity_lines": [ 3.443333, 3.312364, 3.306857, 3.194043 ] }, { "date": "2024-05-31", "close": 3.38, "volume": 1630813, "typical_volume": 2616749.5, "trend": 3.006, "fair_value": 10.715641, "relative_strength": 11.203222, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 44.314645, "energy": 32.008511, "activity_lines": [ 3.438, 3.330364, 3.321714, 3.22129 ] }, { "date": "2024-06-07", "close": 3.26, "volume": 2100677, "typical_volume": 2640301.6, "trend": 3.059333, "fair_value": 10.595897, "relative_strength": 4.46817, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.9272, "energy": 19.323097, "activity_lines": [ 3.344667, 3.327818, 3.322667, 3.237677 ] }, { "date": "2024-06-14", "close": 3.05, "volume": 1229117, "typical_volume": 2577287.3, "trend": 3.093, "fair_value": 10.473654, "relative_strength": -5.161869, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.948373, "energy": 7.81152, "activity_lines": [ 3.225333, 3.291273, 3.300905, 3.237075 ] }, { "date": "2024-06-21", "close": 2.94, "volume": 2064733, "typical_volume": 2559169.8, "trend": 3.123333, "fair_value": 10.348013, "relative_strength": -8.339634, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.028534, "energy": 14.481312, "activity_lines": [ 3.107333, 3.237273, 3.267381, 3.227204 ] }, { "date": "2024-06-28", "close": 3.1, "volume": 2621320, "typical_volume": 2579793.05, "trend": 3.144333, "fair_value": 10.226218, "relative_strength": -2.966924, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.747836, "energy": 14.237064, "activity_lines": [ 3.087333, 3.211091, 3.248048, 3.225699 ] }, { "date": "2024-07-05", "close": 2.97, "volume": 1193270, "typical_volume": 2509380.4, "trend": 3.167333, "fair_value": 10.101603, "relative_strength": -9.849877, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.325386, "energy": 24.626476, "activity_lines": [ 3.028667, 3.156364, 3.215857, 3.214452 ] }, { "date": "2024-07-12", "close": 3.2, "volume": 2038418, "typical_volume": 2525787.45, "trend": 3.178, "fair_value": 9.995833, "relative_strength": -2.074144, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.529026, "energy": 20.909423, "activity_lines": [ 3.074, 3.137818, 3.206571, 3.216559 ] }, { "date": "2024-07-19", "close": 3.55, "volume": 2625505, "typical_volume": 2204806.9, "trend": 3.192333, "fair_value": 9.884295, "relative_strength": 13.969322, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.289138, "energy": 11.585892, "activity_lines": [ 3.24, 3.196, 3.22981, 3.240559 ] }, { "date": "2024-07-26", "close": 3.7, "volume": 2316140, "typical_volume": 2133428.65, "trend": 3.214, "fair_value": 9.772372, "relative_strength": 22.562165, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.723052, "energy": 24.747737, "activity_lines": [ 3.422667, 3.282727, 3.272381, 3.273312 ] }, { "date": "2024-08-02", "close": 3.3, "volume": 1928058, "typical_volume": 2098728.75, "trend": 3.231, "fair_value": 9.631218, "relative_strength": 12.931899, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.062302, "energy": 25.128925, "activity_lines": [ 3.421333, 3.295091, 3.275762, 3.27886 ] }, { "date": "2024-08-09", "close": 2.8, "volume": 2060666, "typical_volume": 2054681.7, "trend": 3.229, "fair_value": 9.497051, "relative_strength": -4.664629, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.304848, "energy": 11.069229, "activity_lines": [ 3.24, 3.214182, 3.231667, 3.251054 ] }, { "date": "2024-08-16", "close": 2.91, "volume": 2224749, "typical_volume": 2084293.8, "trend": 3.236333, "fair_value": 9.369295, "relative_strength": -6.45693, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.02524, "energy": 30.077629, "activity_lines": [ 3.106667, 3.163818, 3.201143, 3.230473 ] }, { "date": "2024-08-23", "close": 3.05, "volume": 1461223, "typical_volume": 2067887.95, "trend": 3.245333, "fair_value": 9.218013, "relative_strength": -3.479137, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.85055, "energy": 33.031706, "activity_lines": [ 3.039333, 3.145273, 3.186714, 3.218452 ] }, { "date": "2024-08-30", "close": 2.89, "volume": 1161658, "typical_volume": 2048532.9, "trend": 3.251, "fair_value": 9.057692, "relative_strength": -8.166422, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.52849, "energy": 44.749096, "activity_lines": [ 2.952, 3.097636, 3.157714, 3.195527 ] }, { "date": "2024-09-06", "close": 2.74, "volume": 783731, "typical_volume": 1972326.55, "trend": 3.242333, "fair_value": 8.903077, "relative_strength": -7.971649, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.550125, "energy": 57.021195, "activity_lines": [ 2.868667, 3.023636, 3.114333, 3.162559 ] }, { "date": "2024-09-13", "close": 2.78, "volume": 1346131, "typical_volume": 1969324.65, "trend": 3.229, "fair_value": 8.756923, "relative_strength": -12.011117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.282654, "energy": 53.613049, "activity_lines": [ 2.836, 2.963455, 3.07519, 3.132731 ] }, { "date": "2024-09-20", "close": 3.1, "volume": 13351384, "typical_volume": 2448636.45, "trend": 3.231333, "fair_value": 8.612885, "relative_strength": -3.895032, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.624171, "energy": 35.912357, "activity_lines": [ 2.911333, 2.964909, 3.065952, 3.124409 ] }, { "date": "2024-09-27", "close": 3.23, "volume": 3181552, "typical_volume": 2470097.25, "trend": 3.185333, "fair_value": 8.466026, "relative_strength": -1.265937, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.306342, "energy": 16.246407, "activity_lines": [ 3.017333, 2.991818, 3.073, 3.124323 ] }, { "date": "2024-10-04", "close": 3.16, "volume": 2262193, "typical_volume": 2468381.1, "trend": 3.175, "fair_value": 8.279615, "relative_strength": -3.753442, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.226749, "energy": 13.952621, "activity_lines": [ 3.088, 3.011818, 3.075238, 3.122688 ] }, { "date": "2024-10-11", "close": 3.15, "volume": 1709079, "typical_volume": 2464520.85, "trend": 3.169, "fair_value": 8.118205, "relative_strength": -5.475319, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.299906, "energy": 16.355173, "activity_lines": [ 3.137333, 3.039818, 3.078667, 3.121075 ] }, { "date": "2024-10-18", "close": 3.41, "volume": 1856012, "typical_volume": 2475780.8, "trend": 3.167667, "fair_value": 7.949359, "relative_strength": 1.499036, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.500168, "energy": 19.618173, "activity_lines": [ 3.246, 3.117818, 3.106952, 3.136624 ] }, { "date": "2024-10-25", "close": 2.91, "volume": 2358726, "typical_volume": 2488683.25, "trend": 3.148333, "fair_value": 7.745128, "relative_strength": -13.862641, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.103477, "energy": 12.915696, "activity_lines": [ 3.146, 3.093818, 3.087476, 3.12 ] }, { "date": "2024-11-01", "close": 3.5, "volume": 3330004, "typical_volume": 2593727.6, "trend": 3.158667, "fair_value": 7.510064, "relative_strength": 4.718849, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.615576, "energy": 19.915765, "activity_lines": [ 3.255333, 3.177091, 3.125857, 3.142688 ] }, { "date": "2024-11-08", "close": 4.08, "volume": 3785714, "typical_volume": 2679776.65, "trend": 3.199, "fair_value": 7.297244, "relative_strength": 14.599637, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 78.450165, "energy": 63.735415, "activity_lines": [ 3.54, 3.357636, 3.217333, 3.202129 ] }, { "date": "2024-11-15", "close": 3.88, "volume": 3605803, "typical_volume": 2729000.8, "trend": 3.234, "fair_value": 7.083526, "relative_strength": 12.062232, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.807473, "energy": 64.923715, "activity_lines": [ 3.696667, 3.480182, 3.284333, 3.246065 ] }, { "date": "2024-11-22", "close": 4.61, "volume": 3629624, "typical_volume": 2850818.5, "trend": 3.299, "fair_value": 6.878333, "relative_strength": 29.3395, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.881109, "energy": 83.011871, "activity_lines": [ 4.048, 3.714727, 3.417143, 3.334839 ] }, { "date": "2024-11-29", "close": 4.58, "volume": 1697287, "typical_volume": 2833761.95, "trend": 3.321, "fair_value": 6.698974, "relative_strength": 26.601282, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.424961, "energy": 85.271933, "activity_lines": [ 4.309333, 3.910545, 3.539286, 3.417484 ] }, { "date": "2024-12-06", "close": 4.73, "volume": 2508762, "typical_volume": 2827924.8, "trend": 3.358, "fair_value": 6.526026, "relative_strength": 25.525532, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.827191, "energy": 86.249822, "activity_lines": [ 4.509333, 4.106727, 3.669143, 3.508387 ] }, { "date": "2024-12-13", "close": 5.53, "volume": 5780309, "typical_volume": 3001133.25, "trend": 3.422, "fair_value": 6.369103, "relative_strength": 44.367418, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.311539, "energy": 92.233526, "activity_lines": [ 4.894, 4.421091, 3.869571, 3.648516 ] }, { "date": "2024-12-20", "close": 5.28, "volume": 6819987, "typical_volume": 3245729.7, "trend": 3.492333, "fair_value": 6.188846, "relative_strength": 40.061697, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.221226, "energy": 85.936168, "activity_lines": [ 5.098667, 4.646909, 4.037476, 3.768387 ] }, { "date": "2024-12-27", "close": 4.99, "volume": 1807511, "typical_volume": 3233071.95, "trend": 3.546, "fair_value": 6.020385, "relative_strength": 30.462624, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.520668, "energy": 71.480444, "activity_lines": [ 5.113333, 4.781273, 4.168333, 3.865011 ] }, { "date": "2025-01-03", "close": 5.43, "volume": 2274037, "typical_volume": 3235536.35, "trend": 3.618333, "fair_value": 5.891026, "relative_strength": 41.790381, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.562792, "energy": 63.176173, "activity_lines": [ 5.249333, 4.966909, 4.330667, 3.986559 ] }, { "date": "2025-01-10", "close": 4.39, "volume": 2836112, "typical_volume": 3304280.8, "trend": 3.663, "fair_value": 5.768526, "relative_strength": 16.712086, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.068918, "energy": 46.263412, "activity_lines": [ 4.982, 4.917636, 4.381952, 4.036344 ] }, { "date": "2025-01-17", "close": 5.0, "volume": 3456163, "typical_volume": 3419006.05, "trend": 3.731667, "fair_value": 5.673462, "relative_strength": 28.172601, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.202697, "energy": 36.252687, "activity_lines": [ 4.940667, 4.963091, 4.484952, 4.122602 ] }, { "date": "2025-01-24", "close": 4.91, "volume": 2355303, "typical_volume": 3497584.65, "trend": 3.792, "fair_value": 5.584487, "relative_strength": 23.144087, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.615681, "energy": 31.49524, "activity_lines": [ 4.904667, 4.975455, 4.569333, 4.198624 ] }, { "date": "2025-01-31", "close": 4.19, "volume": 4178788, "typical_volume": 3639217.5, "trend": 3.832667, "fair_value": 5.490449, "relative_strength": 6.11732, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.479466, "energy": 21.225654, "activity_lines": [ 4.653333, 4.838182, 4.57481, 4.224301 ] }, { "date": "2025-02-07", "close": 4.32, "volume": 2548872, "typical_volume": 3099091.9, "trend": 3.87, "fair_value": 5.392436, "relative_strength": 8.902172, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.771806, "energy": 19.449683, "activity_lines": [ 4.498667, 4.732182, 4.585952, 4.255742 ] }, { "date": "2025-02-14", "close": 4.31, "volume": 2318412, "typical_volume": 3055934.9, "trend": 3.895333, "fair_value": 5.302115, "relative_strength": 5.420326, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.175338, "energy": 19.523257, "activity_lines": [ 4.414667, 4.629091, 4.590333, 4.284129 ] }, { "date": "2025-02-21", "close": 4.18, "volume": 1863322, "typical_volume": 3035991.35, "trend": 3.911333, "fair_value": 5.200385, "relative_strength": 4.330868, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.631334, "energy": 16.357314, "activity_lines": [ 4.292667, 4.51, 4.57719, 4.302495 ] }, { "date": "2025-02-28", "close": 3.04, "volume": 5419150, "typical_volume": 3221494.9, "trend": 3.902667, "fair_value": 5.096154, "relative_strength": -20.561271, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.300429, "energy": 34.048337, "activity_lines": [ 3.845333, 4.208182, 4.450619, 4.24628 ] }, { "date": "2025-03-07", "close": 2.82, "volume": 7875618, "typical_volume": 3522475.2, "trend": 3.903333, "fair_value": 4.997692, "relative_strength": -23.422267, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.221729, "energy": 56.461911, "activity_lines": [ 3.449333, 3.907091, 4.303619, 4.17643 ] }, { "date": "2025-03-14", "close": 2.78, "volume": 5452479, "typical_volume": 3677162.85, "trend": 3.899, "fair_value": 4.881218, "relative_strength": -22.215047, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.337429, "energy": 67.255867, "activity_lines": [ 3.131333, 3.638182, 4.155619, 4.103957 ] }, { "date": "2025-03-21", "close": 2.55, "volume": 4254260, "typical_volume": 3723375.65, "trend": 3.882333, "fair_value": 4.772179, "relative_strength": -28.370567, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.837613, "energy": 75.676952, "activity_lines": [ 2.839333, 3.375636, 3.986333, 4.016925 ] }, { "date": "2025-03-28", "close": 2.81, "volume": 5395151, "typical_volume": 3803847.5, "trend": 3.879667, "fair_value": 4.649872, "relative_strength": -18.778464, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.306405, "energy": 70.382772, "activity_lines": [ 2.751333, 3.193818, 3.846333, 3.947742 ] }, { "date": "2025-04-04", "close": 2.125, "volume": 7755587, "typical_volume": 4011336.7, "trend": 3.859167, "fair_value": 4.539647, "relative_strength": -31.450517, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.818434, "energy": 85.479973, "activity_lines": [ 2.526333, 2.927273, 3.647143, 3.834538 ] }, { "date": "2025-04-11", "close": 2.35, "volume": 5450886, "typical_volume": 4102399.8, "trend": 3.844833, "fair_value": 4.436827, "relative_strength": -29.222962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.836121, "energy": 81.337986, "activity_lines": [ 2.437333, 2.752273, 3.477738, 3.737172 ] }, { "date": "2025-04-18", "close": 2.11, "volume": 2152610, "typical_volume": 4125165.95, "trend": 3.811833, "fair_value": 4.364327, "relative_strength": -34.613351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.008932, "energy": 81.868293, "activity_lines": [ 2.299667, 2.567091, 3.296238, 3.625247 ] }, { "date": "2025-04-25", "close": 2.26, "volume": 2416065, "typical_volume": 4120531.1, "trend": 3.7795, "fair_value": 4.301699, "relative_strength": -33.933414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.217721, "energy": 79.0716, "activity_lines": [ 2.256667, 2.449364, 3.140786, 3.525129 ] }, { "date": "2025-05-02", "close": 2.52, "volume": 2074747, "typical_volume": 3935253.0, "trend": 3.758167, "fair_value": 4.243237, "relative_strength": -28.038958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.5944, "energy": 65.670871, "activity_lines": [ 2.319667, 2.416182, 3.021857, 3.443871 ] }, { "date": "2025-05-09", "close": 2.46, "volume": 2802814, "typical_volume": 3734394.35, "trend": 3.735167, "fair_value": 4.188686, "relative_strength": -29.019271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.169538, "energy": 54.298547, "activity_lines": [ 2.382, 2.402273, 2.911548, 3.360118 ] }, { "date": "2025-05-16", "close": 2.47, "volume": 3783984, "typical_volume": 3833218.0, "trend": 3.703833, "fair_value": 4.137276, "relative_strength": -32.712457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.673839, "energy": 41.93556, "activity_lines": [ 2.425333, 2.400727, 2.815619, 3.278495 ] }, { "date": "2025-05-23", "close": 2.4, "volume": 9105660, "typical_volume": 4174799.15, "trend": 3.686833, "fair_value": 4.081827, "relative_strength": -32.629681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.436216, "energy": 37.020418, "activity_lines": [ 2.437333, 2.392818, 2.725024, 3.194376 ] }, { "date": "2025-05-30", "close": 2.3, "volume": 3828167, "typical_volume": 4224401.9, "trend": 3.646833, "fair_value": 4.031571, "relative_strength": -36.117444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.793184, "energy": 42.440486, "activity_lines": [ 2.396667, 2.373636, 2.639333, 3.104903 ] }, { "date": "2025-06-06", "close": 2.37, "volume": 3786472, "typical_volume": 4240917.35, "trend": 3.589833, "fair_value": 3.988045, "relative_strength": -35.045575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.381499, "energy": 41.758958, "activity_lines": [ 2.376667, 2.371727, 2.570262, 3.022527 ] }, { "date": "2025-06-13", "close": 2.23, "volume": 2990543, "typical_volume": 4272679.35, "trend": 3.534833, "fair_value": 3.944327, "relative_strength": -38.164164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.753319, "energy": 47.629859, "activity_lines": [ 2.32, 2.352364, 2.500381, 2.934796 ] }, { "date": "2025-06-20", "close": 2.29, "volume": 2883149, "typical_volume": 4207897.4, "trend": 3.4575, "fair_value": 3.885673, "relative_strength": -36.159482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.342863, "energy": 46.412532, "activity_lines": [ 2.298667, 2.342, 2.448976, 2.854484 ] }, { "date": "2025-06-27", "close": 2.39, "volume": 6059811, "typical_volume": 4383444.35, "trend": 3.3845, "fair_value": 3.83125, "relative_strength": -35.637627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.885777, "energy": 42.199096, "activity_lines": [ 2.322667, 2.350909, 2.416143, 2.785613 ] }, { "date": "2025-07-04", "close": 2.77, "volume": 4220567, "typical_volume": 4478552.1, "trend": 3.319167, "fair_value": 3.768237, "relative_strength": -26.27712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.382728, "energy": 26.662693, "activity_lines": [ 2.474, 2.423818, 2.42869, 2.745968 ] }, { "date": "2025-07-11", "close": 2.99, "volume": 4302481, "typical_volume": 4600510.05, "trend": 3.2345, "fair_value": 3.744647, "relative_strength": -19.879111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.171292, "energy": 11.976921, "activity_lines": [ 2.667333, 2.527455, 2.469524, 2.724731 ] }, { "date": "2025-07-18", "close": 2.82, "volume": 3400126, "typical_volume": 4499558.85, "trend": 3.1525, "fair_value": 3.714904, "relative_strength": -24.85122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.695524, "energy": 19.032004, "activity_lines": [ 2.762667, 2.591636, 2.499833, 2.697989 ] }, { "date": "2025-07-25", "close": 3.11, "volume": 4362985, "typical_volume": 4323927.2, "trend": 3.089833, "fair_value": 3.690865, "relative_strength": -17.265181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.864764, "energy": 28.83578, "activity_lines": [ 2.915333, 2.702, 2.55881, 2.695247 ] }, { "date": "2025-08-01", "close": 2.69, "volume": 4326346, "typical_volume": 4267620.55, "trend": 2.9985, "fair_value": 3.652019, "relative_strength": -26.282516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.693029, "energy": 19.69478, "activity_lines": [ 2.873333, 2.724364, 2.576405, 2.669452 ] }, { "date": "2025-08-08", "close": 2.77, "volume": 3753197, "typical_volume": 4242567.4, "trend": 2.9445, "fair_value": 3.613109, "relative_strength": -26.514349, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.754571, "energy": 14.11324, "activity_lines": [ 2.838, 2.756, 2.602048, 2.65471 ] }, { "date": "2025-08-15", "close": 3.01, "volume": 8995819, "typical_volume": 4422600.8, "trend": 2.878167, "fair_value": 3.581314, "relative_strength": -20.312154, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.603808, "energy": 20.875633, "activity_lines": [ 2.882667, 2.822727, 2.6495, 2.658935 ] }, { "date": "2025-08-22", "close": 2.885, "volume": 6848822, "typical_volume": 4377262.55, "trend": 2.810667, "fair_value": 3.552564, "relative_strength": -22.59821, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.37684, "energy": 16.237624, "activity_lines": [ 2.884333, 2.855091, 2.684095, 2.659376 ] }, { "date": "2025-08-29", "close": 2.73, "volume": 6753962, "typical_volume": 4442416.35, "trend": 2.762, "fair_value": 3.526859, "relative_strength": -26.268832, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.714785, "energy": 11.177181, "activity_lines": [ 2.83, 2.847364, 2.70031, 2.654172 ] }, { "date": "2025-09-05", "close": 2.42, "volume": 5211093, "typical_volume": 4595340.5, "trend": 2.698667, "fair_value": 3.49391, "relative_strength": -34.909353, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.925389, "energy": 6.218346, "activity_lines": [ 2.697667, 2.775273, 2.68519, 2.632108 ] }, { "date": "2025-09-12", "close": 2.43, "volume": 2567480, "typical_volume": 4602911.25, "trend": 2.636, "fair_value": 3.465321, "relative_strength": -35.487046, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.75905, "energy": 13.786342, "activity_lines": [ 2.586667, 2.704455, 2.669548, 2.614774 ] }, { "date": "2025-09-19", "close": 2.45, "volume": 3132226, "typical_volume": 4655785.2, "trend": 2.578333, "fair_value": 3.441603, "relative_strength": -35.877343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.877093, "energy": 18.13206, "activity_lines": [ 2.505, 2.643455, 2.655, 2.602774 ] }, { "date": "2025-09-26", "close": 2.46, "volume": 2763916, "typical_volume": 4653840.3, "trend": 2.559, "fair_value": 3.418526, "relative_strength": -34.825501, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.702138, "energy": 20.489716, "activity_lines": [ 2.464, 2.594091, 2.641738, 2.59514 ] }, { "date": "2025-10-03", "close": 2.54, "volume": 2097878, "typical_volume": 4569535.0, "trend": 2.549667, "fair_value": 3.400192, "relative_strength": -33.04114, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.971995, "energy": 21.362956, "activity_lines": [ 2.478, 2.565818, 2.636095, 2.593914 ] }, { "date": "2025-10-10", "close": 2.59, "volume": 3153062, "typical_volume": 4271905.1, "trend": 2.543333, "fair_value": 3.384679, "relative_strength": -29.703264, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.364751, "energy": 13.051937, "activity_lines": [ 2.521333, 2.557, 2.634881, 2.596516 ] }, { "date": "2025-10-17", "close": 2.65, "volume": 2929262, "typical_volume": 4226959.85, "trend": 2.546667, "fair_value": 3.368846, "relative_strength": -29.23918, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.25321, "energy": 10.178644, "activity_lines": [ 2.573333, 2.560909, 2.638476, 2.603398 ] }, { "date": "2025-10-24", "close": 2.695, "volume": 2314019, "typical_volume": 4153337.2, "trend": 2.542833, "fair_value": 3.349712, "relative_strength": -29.235623, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.607565, "energy": 15.857174, "activity_lines": [ 2.625667, 2.575182, 2.64469, 2.612968 ] }, { "date": "2025-10-31", "close": 2.37, "volume": 4065091, "typical_volume": 4207064.6, "trend": 2.551, "fair_value": 3.324263, "relative_strength": -38.289824, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.761877, "energy": 4.480339, "activity_lines": [ 2.553333, 2.536091, 2.618405, 2.601817 ] }, { "date": "2025-11-07", "close": 1.69, "volume": 8037761, "typical_volume": 4464795.2, "trend": 2.529, "fair_value": 3.29125, "relative_strength": -53.843741, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -47.496298, "energy": 48.448625, "activity_lines": [ 2.260333, 2.382727, 2.52669, 2.546269 ] }, { "date": "2025-11-14", "close": 1.645, "volume": 11305442, "typical_volume": 4727076.75, "trend": 2.5135, "fair_value": 3.269423, "relative_strength": -54.252814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -79.823937, "energy": 79.983338, "activity_lines": [ 2.009, 2.240091, 2.433548, 2.489237 ] }, { "date": "2025-11-21", "close": 1.54, "volume": 5736046, "typical_volume": 4802850.7, "trend": 2.4895, "fair_value": 3.244615, "relative_strength": -54.845544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.418819, "energy": 88.538187, "activity_lines": [ 1.785667, 2.092455, 2.333952, 2.42643 ] }, { "date": "2025-11-28", "close": 1.73, "volume": 3076895, "typical_volume": 4741571.4, "trend": 2.463167, "fair_value": 3.219359, "relative_strength": -50.64014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.772548, "energy": 84.853048, "activity_lines": [ 1.699667, 1.995545, 2.25831, 2.37743 ] }, { "date": "2025-12-05", "close": 1.83, "volume": 5766262, "typical_volume": 4859878.2, "trend": 2.442167, "fair_value": 3.195192, "relative_strength": -47.211794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.615449, "energy": 83.553911, "activity_lines": [ 1.711333, 1.929909, 2.19819, 2.336581 ] }, { "date": "2025-12-12", "close": 1.67, "volume": 4970475, "typical_volume": 4890252.7, "trend": 2.4155, "fair_value": 3.172051, "relative_strength": -49.537806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.122455, "energy": 74.803303, "activity_lines": [ 1.705667, 1.846636, 2.127548, 2.286763 ] }, { "date": "2025-12-19", "close": 1.66, "volume": 5983939, "typical_volume": 4973132.35, "trend": 2.390833, "fair_value": 3.154295, "relative_strength": -48.739896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.528018, "energy": 55.126645, "activity_lines": [ 1.698, 1.777364, 2.06281, 2.238022 ] }, { "date": "2025-12-26", "close": 1.63, "volume": 2838726, "typical_volume": 4927408.8, "trend": 2.3685, "fair_value": 3.134872, "relative_strength": -48.977748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.693155, "energy": 53.157625, "activity_lines": [ 1.679333, 1.719545, 2.000119, 2.188935 ] }, { "date": "2026-01-02", "close": 1.61, "volume": 7056390, "typical_volume": 4830437.35, "trend": 2.343167, "fair_value": 3.110705, "relative_strength": -47.151052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.035458, "energy": 53.200016, "activity_lines": [ 1.648, 1.676636, 1.940952, 2.14 ] }, { "date": "2026-01-09", "close": 1.64, "volume": 3062982, "typical_volume": 4641145.35, "trend": 2.3235, "fair_value": 3.080962, "relative_strength": -46.058893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.745349, "energy": 51.688105, "activity_lines": [ 1.634667, 1.658909, 1.89131, 2.094634 ] }, { "date": "2026-01-16", "close": 1.67, "volume": 2177179, "typical_volume": 4412306.2, "trend": 2.302833, "fair_value": 3.049936, "relative_strength": -43.027685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.608201, "energy": 48.677766, "activity_lines": [ 1.644, 1.659909, 1.850452, 2.052473 ] }, { "date": "2026-01-23", "close": 1.68, "volume": 2936310, "typical_volume": 4298567.05, "trend": 2.279167, "fair_value": 3.01859, "relative_strength": -41.235495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.20001, "energy": 43.000286, "activity_lines": [ 1.656667, 1.663091, 1.815595, 2.01229 ] }, { "date": "2026-01-30", "close": 1.24, "volume": 8344691, "typical_volume": 4587427.6, "trend": 2.228167, "fair_value": 2.985192, "relative_strength": -55.434023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.199061, "energy": 56.884084, "activity_lines": [ 1.521333, 1.585636, 1.742357, 1.945247 ] }, { "date": "2026-02-06", "close": 1.33, "volume": 7112956, "typical_volume": 4786464.1, "trend": 2.172833, "fair_value": 2.956154, "relative_strength": -49.923792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.327347, "energy": 73.191107, "activity_lines": [ 1.442, 1.53, 1.683357, 1.887301 ] }, { "date": "2026-02-13", "close": 1.2, "volume": 5972770, "typical_volume": 4946906.8, "trend": 2.118833, "fair_value": 2.927115, "relative_strength": -52.981404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.243918, "energy": 87.692426, "activity_lines": [ 1.338, 1.458, 1.61731, 1.824538 ] }, { "date": "2026-02-20", "close": 1.17, "volume": 4453126, "typical_volume": 5064669.2, "trend": 2.054167, "fair_value": 2.904295, "relative_strength": -53.393948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.550538, "energy": 89.606974, "activity_lines": [ 1.253333, 1.392, 1.554405, 1.763323 ] }, { "date": "2026-02-27", "close": 1.01, "volume": 6782241, "typical_volume": 5246128.15, "trend": 1.998167, "fair_value": 2.879167, "relative_strength": -58.831701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.494222, "energy": 91.910979, "activity_lines": [ 1.148667, 1.306, 1.482786, 1.695957 ] }, { "date": "2026-03-06", "close": 1.23, "volume": 13658843, "typical_volume": 5782607.2, "trend": 1.946833, "fair_value": 2.860641, "relative_strength": -48.320852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.870638, "energy": 77.673541, "activity_lines": [ 1.162, 1.271818, 1.439643, 1.646398 ] }, { "date": "2026-03-13", "close": 1.61, "volume": 59003555, "typical_volume": 8617084.0, "trend": 1.900167, "fair_value": 2.846026, "relative_strength": -30.621268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.222603, "energy": 45.452438, "activity_lines": [ 1.302667, 1.314, 1.439452, 1.624667 ] }, { "date": "2026-03-20", "close": 1.6, "volume": 11374678, "typical_volume": 8982563.35, "trend": 1.857333, "fair_value": 2.83141, "relative_strength": -28.766435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.582535, "energy": 25.794586, "activity_lines": [ 1.421333, 1.354364, 1.443476, 1.605301 ] }, { "date": "2026-03-27", "close": 1.58, "volume": 6218079, "typical_volume": 8891579.25, "trend": 1.819, "fair_value": 2.815, "relative_strength": -26.130598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.17163, "energy": 23.790639, "activity_lines": [ 1.506667, 1.391818, 1.449262, 1.587409 ] }, { "date": "2026-04-03", "close": 1.82, "volume": 4239239, "typical_volume": 8538269.1, "trend": 1.799, "fair_value": 2.800577, "relative_strength": -17.357034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.981895, "energy": 21.031186, "activity_lines": [ 1.644667, 1.474545, 1.478429, 1.587473 ] }, { "date": "2026-04-10", "close": 2.24, "volume": 10477133, "typical_volume": 8775323.45, "trend": 1.792667, "fair_value": 2.788654, "relative_strength": -1.860927, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 39.149096, "energy": 38.777389, "activity_lines": [ 1.868667, 1.631091, 1.546762, 1.615925 ] }, { "date": "2026-04-17", "close": 2.59, "volume": 6261732, "typical_volume": 8934565.3, "trend": 1.797333, "fair_value": 2.777692, "relative_strength": 7.29837, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.342646, "energy": 62.695103, "activity_lines": [ 2.142, 1.833091, 1.645095, 1.667366 ] }, { "date": "2026-04-24", "close": 2.62, "volume": 6096453, "typical_volume": 8951074.85, "trend": 1.802667, "fair_value": 2.769359, "relative_strength": 6.672052, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.904531, "energy": 75.306416, "activity_lines": [ 2.36, 2.017636, 1.74219, 1.720441 ] }, { "date": "2026-05-01", "close": 2.67, "volume": 6238022, "typical_volume": 9014452.2, "trend": 1.807, "fair_value": 2.762372, "relative_strength": 7.731364, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.436374, "energy": 78.601431, "activity_lines": [ 2.526667, 2.185455, 1.840286, 1.776398 ] }, { "date": "2026-05-08", "close": 2.85, "volume": 8051129, "typical_volume": 9117811.7, "trend": 1.815667, "fair_value": 2.763654, "relative_strength": 9.602518, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.100541, "energy": 90.187396, "activity_lines": [ 2.680667, 2.358727, 1.950762, 1.843688 ] }, { "date": "2026-05-15", "close": 2.46, "volume": 4840287, "typical_volume": 9217889.75, "trend": 1.809333, "fair_value": 2.762821, "relative_strength": -4.443562, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.121976, "energy": 76.792521, "activity_lines": [ 2.636, 2.427636, 2.018429, 1.885258 ] }, { "date": "2026-05-22", "close": 2.49, "volume": 3855926, "typical_volume": 9057866.55, "trend": 1.8025, "fair_value": 2.762949, "relative_strength": -3.796844, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.814298, "energy": 53.549053, "activity_lines": [ 2.586667, 2.479636, 2.085, 1.929172 ] }, { "date": "2026-05-29", "close": 2.77, "volume": 3109435, "typical_volume": 9060189.2, "trend": 1.815833, "fair_value": 2.763846, "relative_strength": 4.397423, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.969637, "energy": 52.988622, "activity_lines": [ 2.637333, 2.566545, 2.174048, 1.991591 ] }, { "date": "2026-06-05", "close": 2.56, "volume": 4738066, "typical_volume": 9188233.55, "trend": 1.844833, "fair_value": 2.763974, "relative_strength": 1.49887, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.343379, "energy": 42.056206, "activity_lines": [ 2.608, 2.594, 2.237714, 2.039602 ] }, { "date": "2026-06-12", "close": 2.4, "volume": 3068853, "typical_volume": 9194860.7, "trend": 1.87, "fair_value": 2.760897, "relative_strength": -6.529939, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.926806, "energy": 36.546877, "activity_lines": [ 2.532667, 2.574545, 2.281905, 2.075419 ] }, { "date": "2026-06-19", "close": 2.57, "volume": 3370145, "typical_volume": 8946133.4, "trend": 1.904333, "fair_value": 2.759423, "relative_strength": -2.042272, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.128104, "energy": 35.325378, "activity_lines": [ 2.544, 2.575455, 2.338857, 2.120581 ] }, { "date": "2026-06-26", "close": 2.39, "volume": 6380540, "typical_volume": 8909512.6, "trend": 1.926333, "fair_value": 2.756795, "relative_strength": -4.094617, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.664076, "energy": 26.275989, "activity_lines": [ 2.488, 2.537636, 2.372333, 2.151914 ] }, { "date": "2026-07-03", "close": 2.47, "volume": 3907041, "typical_volume": 8806226.15, "trend": 1.947667, "fair_value": 2.755256, "relative_strength": -0.902215, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.307797, "energy": 22.616595, "activity_lines": [ 2.465333, 2.518, 2.408381, 2.186989 ] }, { "date": "2026-07-10", "close": 2.43, "volume": 3165827, "typical_volume": 8741861.2, "trend": 1.973, "fair_value": 2.750705, "relative_strength": -3.141823, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.09113, "energy": 21.874164, "activity_lines": [ 2.449333, 2.493818, 2.434571, 2.218108 ] }, { "date": "2026-07-17", "close": 2.24, "volume": 2798828, "typical_volume": 8542690.55, "trend": 1.992333, "fair_value": 2.741026, "relative_strength": -5.886473, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.797324, "energy": 17.565239, "activity_lines": [ 2.378667, 2.439455, 2.436667, 2.235333 ] }, { "date": "2026-07-24", "close": 1.48, "volume": 14017917, "typical_volume": 8560644.25, "trend": 1.987333, "fair_value": 2.726731, "relative_strength": -35.597594, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -19.603439, "energy": 25.532029, "activity_lines": [ 2.065333, 2.258, 2.360524, 2.20228 ] }, { "date": "2026-07-31", "close": 1.4, "volume": 8419683, "typical_volume": 6031450.65, "trend": 1.980333, "fair_value": 2.717179, "relative_strength": -38.410348, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.710098, "energy": 58.545859, "activity_lines": [ 1.798, 2.079818, 2.275571, 2.164387 ] }, { "date": "2026-08-07", "close": 1.47, "volume": 4160398, "typical_volume": 5670736.65, "trend": 1.974667, "fair_value": 2.713205, "relative_strength": -37.44328, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.785853, "energy": 68.225614, "activity_lines": [ 1.62, 1.934182, 2.198286, 2.131462 ] } ], "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." } } }