{ "ticker": { "uuid": "4e89e5ae-e9a6-4c19-ac6f-7df9a9c1f6c6", "symbol": "900904", "name": "Shanghai Shenqi Pharmaceutical Investment Management Co., Ltd.", "exchange": "SHH", "country": "CN", "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": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 93.76, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -27.823, "architecture_energy": 20.748, "architecture_maturity": 98.021, "architecture_confidence": 55.897, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 53.75, "rotation_up": 32.01, "upward_expansion": 18.22, "deceleration": 46.94, "rotation_down": 19.18, "downward_expansion": 52.22 }, "activity_lines": [ 0.446133, 0.438879, 0.441246, 0.453076 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 0.452, "trend_reference": 0.469739, "distance_from_trend": -0.037763, "trend_direction": "Weakening", "fair_value": 0.529073, "distance_from_fair_value": -0.145675, "fair_value_direction": "Improving", "relative_strength": -7.984241, "relative_strength_direction": "Improving", "price_momentum": -0.11546, "excess_performance": -0.072256, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.037763, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.054195, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.145675, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.016374, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.079842, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.106199, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.11546, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.54472, "read": "Demand-led" } ], "volume": { "latest": 667047, "relative_activity": 1.512949, "balance": 1.54472, "dry_up": 1.867885, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.05323, "annualized_volatility": 0.123261, "from_high_reference": -0.231293, "from_low_reference": 0.121176 }, "levels": { "trend_reference": 0.469739, "fair_value_reference": 0.529073, "structural_low": 0.403148, "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": 23, "median_return": 0.005975, "positive_rate": 0.521739, "directional_follow_through": 0.478261, "median_excess_return": -0.014902, "regime_survival": 0.695652, "best_return": 0.382549, "worst_return": -0.266595, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.014474, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.010924, "regime_survival": 0.444444, "best_return": 0.401807, "worst_return": -0.254611, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.071272, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.033176, "regime_survival": 0.166667, "best_return": 0.233465, "worst_return": -0.116601, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.106101, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.149762, "regime_survival": 0.75, "best_return": 0.756426, "worst_return": -0.136134, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-10-11", "tenure": "New", "return": 0.125001, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.128389, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": -0.006712, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-13", "end": "2025-02-14", "tenure": "Developing", "return": -0.135537, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": 0.022944, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-06-27", "tenure": "Established", "return": -0.05927, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.019569, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-09-26", "tenure": "Developing", "return": -0.051693, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-12-05", "tenure": "Developing", "return": 0.025243, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-01-02", "tenure": "New", "return": -0.039139, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-02-06", "tenure": "Developing", "return": 0.011858, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.033268, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-08-07", "tenure": "Established", "return": -0.075665, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 0.567874, "volume": 534120, "typical_volume": 839645.15, "trend": 0.632798, "fair_value": 0.533839, "relative_strength": -11.664268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.111495, "energy": 59.350448, "activity_lines": [ 0.563537, 0.569245, 0.594449, 0.612366 ] }, { "date": "2023-08-04", "close": 0.632004, "volume": 4385074, "typical_volume": 968772.85, "trend": 0.631776, "fair_value": 0.534378, "relative_strength": -2.172754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.939467, "energy": 25.172553, "activity_lines": [ 0.586153, 0.578255, 0.596248, 0.612314 ] }, { "date": "2023-08-11", "close": 0.620851, "volume": 4573978, "typical_volume": 1143313.2, "trend": 0.629899, "fair_value": 0.534736, "relative_strength": -1.068707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.542015, "energy": 20.572803, "activity_lines": [ 0.600899, 0.585481, 0.597119, 0.611609 ] }, { "date": "2023-08-18", "close": 0.601334, "volume": 1657593, "typical_volume": 1149628.15, "trend": 0.627885, "fair_value": 0.534396, "relative_strength": -2.545016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.619855, "energy": 24.308749, "activity_lines": [ 0.605237, 0.589357, 0.596239, 0.609767 ] }, { "date": "2023-08-25", "close": 0.595757, "volume": 770100, "typical_volume": 1141316.55, "trend": 0.625837, "fair_value": 0.534213, "relative_strength": -1.504046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.905906, "energy": 24.156388, "activity_lines": [ 0.605237, 0.592509, 0.59499, 0.607694 ] }, { "date": "2023-09-01", "close": 0.589251, "volume": 2061061, "typical_volume": 1219269.6, "trend": 0.623905, "fair_value": 0.534056, "relative_strength": -4.862358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.693299, "energy": 13.926111, "activity_lines": [ 0.600466, 0.593746, 0.593427, 0.605333 ] }, { "date": "2023-09-08", "close": 0.584604, "volume": 458140, "typical_volume": 1198015.55, "trend": 0.622665, "fair_value": 0.533835, "relative_strength": -5.248345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.457925, "energy": 18.284708, "activity_lines": [ 0.592721, 0.593493, 0.591702, 0.602798 ] }, { "date": "2023-09-15", "close": 0.608769, "volume": 926020, "typical_volume": 1142165.7, "trend": 0.619145, "fair_value": 0.533832, "relative_strength": -1.577628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.487153, "energy": 13.842645, "activity_lines": [ 0.596191, 0.597362, 0.592494, 0.601901 ] }, { "date": "2023-09-22", "close": 0.611557, "volume": 1032840, "typical_volume": 1177665.85, "trend": 0.616473, "fair_value": 0.533938, "relative_strength": -1.825235, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.043139, "energy": 5.916526, "activity_lines": [ 0.601395, 0.600894, 0.593731, 0.601412 ] }, { "date": "2023-09-29", "close": 0.619922, "volume": 821200, "typical_volume": 1198654.35, "trend": 0.613234, "fair_value": 0.534183, "relative_strength": -0.0169, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.045465, "energy": 10.665861, "activity_lines": [ 0.608707, 0.605085, 0.595877, 0.601634 ] }, { "date": "2023-10-13", "close": 0.643157, "volume": 1936082, "typical_volume": 1265626.95, "trend": 0.612312, "fair_value": 0.534684, "relative_strength": 4.131934, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.747502, "energy": 38.53828, "activity_lines": [ 0.622152, 0.612351, 0.600285, 0.603565 ] }, { "date": "2023-10-20", "close": 0.628287, "volume": 1197130, "typical_volume": 1251161.5, "trend": 0.611257, "fair_value": 0.535091, "relative_strength": 4.88938, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.314002, "energy": 36.636767, "activity_lines": [ 0.627047, 0.615545, 0.603304, 0.604596 ] }, { "date": "2023-10-27", "close": 0.648734, "volume": 982871, "typical_volume": 1265116.05, "trend": 0.611429, "fair_value": 0.535651, "relative_strength": 6.659783, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.970936, "energy": 50.024402, "activity_lines": [ 0.635846, 0.622524, 0.608352, 0.607013 ] }, { "date": "2023-11-03", "close": 0.659887, "volume": 1760958, "typical_volume": 1325098.95, "trend": 0.612244, "fair_value": 0.536237, "relative_strength": 7.849602, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.448954, "energy": 53.811333, "activity_lines": [ 0.645698, 0.631024, 0.614382, 0.61014 ] }, { "date": "2023-11-10", "close": 0.662675, "volume": 2304161, "typical_volume": 1368171.4, "trend": 0.612336, "fair_value": 0.536767, "relative_strength": 8.079812, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.897581, "energy": 65.605702, "activity_lines": [ 0.653257, 0.638967, 0.620474, 0.613393 ] }, { "date": "2023-11-17", "close": 0.691487, "volume": 1108560, "typical_volume": 1397502.4, "trend": 0.613782, "fair_value": 0.537533, "relative_strength": 11.958364, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.925703, "energy": 79.130506, "activity_lines": [ 0.66757, 0.650931, 0.6288, 0.6185 ] }, { "date": "2023-11-24", "close": 0.717511, "volume": 2500900, "typical_volume": 1501093.4, "trend": 0.6167, "fair_value": 0.538608, "relative_strength": 16.753995, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.288803, "energy": 86.291096, "activity_lines": [ 0.687336, 0.665768, 0.638948, 0.625192 ] }, { "date": "2023-12-01", "close": 0.729593, "volume": 2748633, "typical_volume": 1616766.55, "trend": 0.619476, "fair_value": 0.540357, "relative_strength": 19.121654, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.154679, "energy": 89.059094, "activity_lines": [ 0.70518, 0.680385, 0.649544, 0.632475 ] }, { "date": "2023-12-08", "close": 0.628287, "volume": 3360345, "typical_volume": 1767477.8, "trend": 0.619238, "fair_value": 0.541389, "relative_strength": 4.845598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.557028, "energy": 54.811394, "activity_lines": [ 0.683866, 0.674386, 0.649694, 0.633044 ] }, { "date": "2023-12-15", "close": 0.650593, "volume": 1738929, "typical_volume": 1842934.75, "trend": 0.619926, "fair_value": 0.542575, "relative_strength": 9.631064, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.920092, "energy": 34.38748, "activity_lines": [ 0.672093, 0.672138, 0.651664, 0.635067 ] }, { "date": "2023-12-22", "close": 0.62364, "volume": 923722, "typical_volume": 1862414.85, "trend": 0.619079, "fair_value": 0.543753, "relative_strength": 6.180022, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.712583, "energy": 17.658055, "activity_lines": [ 0.652142, 0.664433, 0.650619, 0.635306 ] }, { "date": "2023-12-29", "close": 0.608769, "volume": 1191293, "typical_volume": 1702725.8, "trend": 0.617858, "fair_value": 0.545165, "relative_strength": 2.020425, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.834771, "energy": 21.570842, "activity_lines": [ 0.631757, 0.654378, 0.647893, 0.634641 ] }, { "date": "2024-01-05", "close": 0.586463, "volume": 807700, "typical_volume": 1514411.9, "trend": 0.616348, "fair_value": 0.546554, "relative_strength": 0.049595, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.063148, "energy": 31.488046, "activity_lines": [ 0.611186, 0.640623, 0.643153, 0.632616 ] }, { "date": "2024-01-12", "close": 0.589251, "volume": 730102, "typical_volume": 1468037.35, "trend": 0.615414, "fair_value": 0.547927, "relative_strength": 2.270359, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.124947, "energy": 35.737875, "activity_lines": [ 0.601086, 0.628506, 0.638842, 0.630868 ] }, { "date": "2024-01-19", "close": 0.581816, "volume": 691843, "typical_volume": 1464124.5, "trend": 0.61629, "fair_value": 0.549257, "relative_strength": 2.84118, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.903776, "energy": 49.240711, "activity_lines": [ 0.59111, 0.616323, 0.633881, 0.6287 ] }, { "date": "2024-01-26", "close": 0.605051, "volume": 1813333, "typical_volume": 1451738.1, "trend": 0.618001, "fair_value": 0.550737, "relative_strength": 4.075705, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.263549, "energy": 43.099668, "activity_lines": [ 0.593464, 0.609834, 0.631199, 0.627975 ] }, { "date": "2024-02-02", "close": 0.571592, "volume": 1193480, "typical_volume": 1488505.1, "trend": 0.618063, "fair_value": 0.551979, "relative_strength": 4.723923, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.545216, "energy": 38.372329, "activity_lines": [ 0.585905, 0.598833, 0.625255, 0.624981 ] }, { "date": "2024-02-09", "close": 0.586463, "volume": 1735766, "typical_volume": 1528992.4, "trend": 0.618869, "fair_value": 0.55326, "relative_strength": 2.296839, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.377602, "energy": 28.061978, "activity_lines": [ 0.585781, 0.593189, 0.620789, 0.622942 ] }, { "date": "2024-02-23", "close": 0.611557, "volume": 2448199, "typical_volume": 1599760.35, "trend": 0.620449, "fair_value": 0.554673, "relative_strength": 1.614958, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.245209, "energy": 19.583835, "activity_lines": [ 0.594022, 0.594709, 0.61882, 0.62247 ] }, { "date": "2024-03-01", "close": 0.602263, "volume": 1332446, "typical_volume": 1625322.65, "trend": 0.621967, "fair_value": 0.55609, "relative_strength": -0.444977, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.85378, "energy": 24.131164, "activity_lines": [ 0.597678, 0.594845, 0.615965, 0.621297 ] }, { "date": "2024-03-08", "close": 0.608769, "volume": 1497180, "typical_volume": 1603377.55, "trend": 0.62333, "fair_value": 0.557809, "relative_strength": 0.11701, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -34.792649, "energy": 16.869286, "activity_lines": [ 0.602139, 0.597041, 0.613814, 0.620446 ] }, { "date": "2024-03-15", "close": 0.632934, "volume": 1982202, "typical_volume": 1642631.15, "trend": 0.623361, "fair_value": 0.559661, "relative_strength": 3.88005, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -21.059451, "energy": 16.662302, "activity_lines": [ 0.614407, 0.603902, 0.614129, 0.621065 ] }, { "date": "2024-03-22", "close": 0.613416, "volume": 1607743, "typical_volume": 1673874.75, "trend": 0.623113, "fair_value": 0.56137, "relative_strength": 0.957302, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.620344, "energy": 16.925508, "activity_lines": [ 0.61608, 0.606775, 0.612562, 0.620424 ] }, { "date": "2024-03-29", "close": 0.605981, "volume": 512511, "typical_volume": 1611452.4, "trend": 0.623268, "fair_value": 0.563037, "relative_strength": -0.004898, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.159761, "energy": 16.753859, "activity_lines": [ 0.613478, 0.607806, 0.610455, 0.619318 ] }, { "date": "2024-04-05", "close": 0.618063, "volume": 414441, "typical_volume": 1516966.4, "trend": 0.624011, "fair_value": 0.564794, "relative_strength": 1.012264, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.532486, "energy": 12.601113, "activity_lines": [ 0.615275, 0.610729, 0.609756, 0.618983 ] }, { "date": "2024-04-12", "close": 0.598545, "volume": 392500, "typical_volume": 1481163.4, "trend": 0.624321, "fair_value": 0.566374, "relative_strength": -0.602685, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.098304, "energy": 14.56141, "activity_lines": [ 0.609512, 0.609445, 0.60741, 0.61734 ] }, { "date": "2024-04-19", "close": 0.549286, "volume": 1104280, "typical_volume": 1411332.4, "trend": 0.623144, "fair_value": 0.567655, "relative_strength": -9.979461, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.310817, "energy": 52.770226, "activity_lines": [ 0.588012, 0.599323, 0.600816, 0.612499 ] }, { "date": "2024-04-26", "close": 0.570663, "volume": 434600, "typical_volume": 1295630.75, "trend": 0.621874, "fair_value": 0.569079, "relative_strength": -7.099544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.352731, "energy": 56.950749, "activity_lines": [ 0.579213, 0.593493, 0.597058, 0.609113 ] }, { "date": "2024-05-03", "close": 0.576239, "volume": 244940, "typical_volume": 1139860.5, "trend": 0.620696, "fair_value": 0.570539, "relative_strength": -6.633698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.638965, "energy": 62.31325, "activity_lines": [ 0.575124, 0.588964, 0.594589, 0.606169 ] }, { "date": "2024-05-10", "close": 0.579028, "volume": 681382, "typical_volume": 1086983.15, "trend": 0.619333, "fair_value": 0.571977, "relative_strength": -7.562864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.512527, "energy": 61.334178, "activity_lines": [ 0.573947, 0.585584, 0.592632, 0.60348 ] }, { "date": "2024-05-17", "close": 0.553004, "volume": 664860, "typical_volume": 1074040.05, "trend": 0.616328, "fair_value": 0.573248, "relative_strength": -11.57241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.692033, "energy": 61.669641, "activity_lines": [ 0.566697, 0.577895, 0.588539, 0.599201 ] }, { "date": "2024-05-24", "close": 0.544639, "volume": 381620, "typical_volume": 1033556.4, "trend": 0.61354, "fair_value": 0.574505, "relative_strength": -10.933135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.432121, "energy": 64.222522, "activity_lines": [ 0.559696, 0.5697, 0.583984, 0.594576 ] }, { "date": "2024-05-31", "close": 0.536274, "volume": 282620, "typical_volume": 1007302.4, "trend": 0.609791, "fair_value": 0.575469, "relative_strength": -12.038135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.02675, "energy": 67.835106, "activity_lines": [ 0.550216, 0.561588, 0.578939, 0.589591 ] }, { "date": "2024-06-07", "close": 0.36712, "volume": 3569120, "typical_volume": 1149253.3, "trend": 0.600032, "fair_value": 0.575282, "relative_strength": -38.600443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.905711, "energy": 93.73135, "activity_lines": [ 0.486643, 0.524124, 0.558023, 0.573935 ] }, { "date": "2024-06-14", "close": 0.408944, "volume": 1661144, "typical_volume": 1197718.35, "trend": 0.591575, "fair_value": 0.57472, "relative_strength": -30.772299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.107403, "energy": 94.310515, "activity_lines": [ 0.450954, 0.498607, 0.542147, 0.561606 ] }, { "date": "2024-06-21", "close": 0.399441, "volume": 691804, "typical_volume": 1141641.9, "trend": 0.58184, "fair_value": 0.574256, "relative_strength": -31.21055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.000595, "energy": 93.168065, "activity_lines": [ 0.423435, 0.475165, 0.52619, 0.549211 ] }, { "date": "2024-06-28", "close": 0.400401, "volume": 489600, "typical_volume": 1106447.9, "trend": 0.571269, "fair_value": 0.573588, "relative_strength": -30.089582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.9617, "energy": 90.153985, "activity_lines": [ 0.406474, 0.455517, 0.511303, 0.537505 ] }, { "date": "2024-07-05", "close": 0.398481, "volume": 285600, "typical_volume": 1033939.6, "trend": 0.560232, "fair_value": 0.573249, "relative_strength": -29.7463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.368616, "energy": 87.028932, "activity_lines": [ 0.398489, 0.438227, 0.497049, 0.526357 ] }, { "date": "2024-07-12", "close": 0.436889, "volume": 1067244, "typical_volume": 964891.85, "trend": 0.553852, "fair_value": 0.573122, "relative_strength": -23.291595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.744549, "energy": 64.915942, "activity_lines": [ 0.412493, 0.431051, 0.487348, 0.5184 ] }, { "date": "2024-07-19", "close": 0.431127, "volume": 364441, "typical_volume": 916491.6, "trend": 0.546537, "fair_value": 0.57289, "relative_strength": -24.344941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.889679, "energy": 59.193527, "activity_lines": [ 0.419925, 0.425361, 0.47793, 0.510482 ] }, { "date": "2024-07-26", "close": 0.425366, "volume": 413080, "typical_volume": 862286.6, "trend": 0.539928, "fair_value": 0.572552, "relative_strength": -22.784949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.460193, "energy": 49.612291, "activity_lines": [ 0.423958, 0.421313, 0.468778, 0.502664 ] }, { "date": "2024-08-02", "close": 0.479137, "volume": 1584334, "typical_volume": 842393.2, "trend": 0.535607, "fair_value": 0.572355, "relative_strength": -13.361724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.440182, "energy": 32.271204, "activity_lines": [ 0.444186, 0.429362, 0.46562, 0.498742 ] }, { "date": "2024-08-09", "close": 0.489699, "volume": 1874900, "typical_volume": 855751.05, "trend": 0.532381, "fair_value": 0.572299, "relative_strength": -10.096658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.422316, "energy": 25.385539, "activity_lines": [ 0.462686, 0.440522, 0.464201, 0.495781 ] }, { "date": "2024-08-16", "close": 0.498341, "volume": 1870334, "typical_volume": 923642.2, "trend": 0.529351, "fair_value": 0.572208, "relative_strength": -8.881482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.779465, "energy": 24.614886, "activity_lines": [ 0.477985, 0.4541, 0.464193, 0.493585 ] }, { "date": "2024-08-23", "close": 0.460893, "volume": 935674, "typical_volume": 949703.85, "trend": 0.52532, "fair_value": 0.572007, "relative_strength": -14.701965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.552478, "energy": 24.27364, "activity_lines": [ 0.476704, 0.458484, 0.461132, 0.489168 ] }, { "date": "2024-08-30", "close": 0.49162, "volume": 783700, "typical_volume": 969263.85, "trend": 0.521539, "fair_value": 0.572208, "relative_strength": -8.449234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.116031, "energy": 16.700962, "activity_lines": [ 0.483682, 0.46751, 0.461746, 0.486994 ] }, { "date": "2024-09-06", "close": 0.463774, "volume": 674870, "typical_volume": 947793.35, "trend": 0.517945, "fair_value": 0.572214, "relative_strength": -11.006568, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.898513, "energy": 15.167227, "activity_lines": [ 0.476961, 0.469797, 0.460217, 0.483267 ] }, { "date": "2024-09-13", "close": 0.457053, "volume": 477320, "typical_volume": 949929.35, "trend": 0.513632, "fair_value": 0.572244, "relative_strength": -10.11988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.834173, "energy": 18.109188, "activity_lines": [ 0.469023, 0.46971, 0.458455, 0.479338 ] }, { "date": "2024-09-20", "close": 0.460893, "volume": 330700, "typical_volume": 954217.35, "trend": 0.508609, "fair_value": 0.572311, "relative_strength": -10.272602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.608978, "energy": 18.844126, "activity_lines": [ 0.464542, 0.469256, 0.4576, 0.475936 ] }, { "date": "2024-09-27", "close": 0.507943, "volume": 1423391, "typical_volume": 991317.8, "trend": 0.505465, "fair_value": 0.572656, "relative_strength": -12.068504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 4.986238, "energy": 7.482962, "activity_lines": [ 0.478241, 0.47692, 0.461775, 0.475893 ] }, { "date": "2024-10-04", "close": 0.550192, "volume": 714900, "typical_volume": 993819.8, "trend": 0.503513, "fair_value": 0.573239, "relative_strength": -11.586166, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 21.872653, "energy": 35.410773, "activity_lines": [ 0.502886, 0.490869, 0.470312, 0.478778 ] }, { "date": "2024-10-11", "close": 0.518505, "volume": 2651979, "typical_volume": 1107337.75, "trend": 0.499699, "fair_value": 0.573441, "relative_strength": -13.261642, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 22.853831, "energy": 42.703747, "activity_lines": [ 0.513064, 0.496787, 0.475844, 0.479746 ] }, { "date": "2024-10-18", "close": 0.530988, "volume": 1450797, "typical_volume": 1165746.6, "trend": 0.496951, "fair_value": 0.573809, "relative_strength": -11.952556, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.646841, "energy": 55.161324, "activity_lines": [ 0.523754, 0.504259, 0.48269, 0.481764 ] }, { "date": "2024-10-25", "close": 0.596281, "volume": 5594595, "typical_volume": 1267020.35, "trend": 0.496628, "fair_value": 0.574585, "relative_strength": -1.963574, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.514805, "energy": 71.994121, "activity_lines": [ 0.55128, 0.522852, 0.49578, 0.488173 ] }, { "date": "2024-11-01", "close": 0.572276, "volume": 4307925, "typical_volume": 1399359.4, "trend": 0.495101, "fair_value": 0.575138, "relative_strength": -4.715839, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.341808, "energy": 66.099258, "activity_lines": [ 0.561778, 0.5353, 0.505492, 0.493053 ] }, { "date": "2024-11-08", "close": 0.599161, "volume": 2752498, "typical_volume": 1502394.1, "trend": 0.495122, "fair_value": 0.575835, "relative_strength": -5.009489, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.573056, "energy": 82.734447, "activity_lines": [ 0.576949, 0.550611, 0.516987, 0.499767 ] }, { "date": "2024-11-15", "close": 0.572276, "volume": 1918255, "typical_volume": 1573826.85, "trend": 0.495888, "fair_value": 0.576496, "relative_strength": -5.500303, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.424256, "energy": 75.867265, "activity_lines": [ 0.579893, 0.559078, 0.52497, 0.504744 ] }, { "date": "2024-11-22", "close": 0.568435, "volume": 1041449, "typical_volume": 1611619.3, "trend": 0.495814, "fair_value": 0.577127, "relative_strength": -3.775841, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.320554, "energy": 58.664045, "activity_lines": [ 0.577973, 0.564874, 0.531769, 0.509425 ] }, { "date": "2024-11-29", "close": 0.568435, "volume": 1253502, "typical_volume": 1620932.2, "trend": 0.495554, "fair_value": 0.577855, "relative_strength": -4.831583, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.215687, "energy": 47.328798, "activity_lines": [ 0.573556, 0.568645, 0.537759, 0.51411 ] }, { "date": "2024-12-06", "close": 0.568435, "volume": 693202, "typical_volume": 1637370.25, "trend": 0.495201, "fair_value": 0.578599, "relative_strength": -6.261985, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.144372, "energy": 40.053271, "activity_lines": [ 0.570996, 0.57046, 0.543123, 0.518812 ] }, { "date": "2024-12-13", "close": 0.580918, "volume": 1157980, "typical_volume": 1674615.25, "trend": 0.496131, "fair_value": 0.579378, "relative_strength": -3.438788, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.526005, "energy": 36.485861, "activity_lines": [ 0.572852, 0.573446, 0.549021, 0.524342 ] }, { "date": "2024-12-20", "close": 0.556913, "volume": 1006320, "typical_volume": 1645714.55, "trend": 0.49654, "fair_value": 0.580026, "relative_strength": -6.207648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.1616, "energy": 29.269608, "activity_lines": [ 0.567923, 0.571508, 0.551892, 0.528264 ] }, { "date": "2024-12-27", "close": 0.556913, "volume": 942027, "typical_volume": 1599070.9, "trend": 0.497228, "fair_value": 0.580709, "relative_strength": -6.581153, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.381453, "energy": 26.452479, "activity_lines": [ 0.564018, 0.568872, 0.554394, 0.532159 ] }, { "date": "2025-01-03", "close": 0.54443, "volume": 607040, "typical_volume": 1535906.2, "trend": 0.503139, "fair_value": 0.581277, "relative_strength": -2.934877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.492133, "energy": 20.380037, "activity_lines": [ 0.556721, 0.563495, 0.555386, 0.535204 ] }, { "date": "2025-01-10", "close": 0.54155, "volume": 954698, "typical_volume": 1536857.4, "trend": 0.507559, "fair_value": 0.581746, "relative_strength": -1.824195, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.408345, "energy": 20.088912, "activity_lines": [ 0.550064, 0.558536, 0.555884, 0.537682 ] }, { "date": "2025-01-17", "close": 0.534828, "volume": 420660, "typical_volume": 1518705.4, "trend": 0.512072, "fair_value": 0.582116, "relative_strength": -4.81987, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.703231, "energy": 15.012644, "activity_lines": [ 0.542958, 0.552915, 0.555358, 0.539441 ] }, { "date": "2025-01-24", "close": 0.530027, "volume": 403300, "typical_volume": 1505126.9, "trend": 0.516393, "fair_value": 0.58241, "relative_strength": -5.542542, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.346667, "energy": 15.659456, "activity_lines": [ 0.537325, 0.54759, 0.554169, 0.5406 ] }, { "date": "2025-01-31", "close": 0.531948, "volume": 42800, "typical_volume": 1483400.9, "trend": 0.520842, "fair_value": 0.582318, "relative_strength": -4.670815, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.719145, "energy": 18.911874, "activity_lines": [ 0.534124, 0.543383, 0.552848, 0.541603 ] }, { "date": "2025-02-07", "close": 0.527147, "volume": 336480, "typical_volume": 1483689.9, "trend": 0.52385, "fair_value": 0.582076, "relative_strength": -6.527161, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.099521, "energy": 30.870353, "activity_lines": [ 0.530988, 0.538966, 0.550713, 0.54201 ] }, { "date": "2025-02-14", "close": 0.502182, "volume": 1345490, "typical_volume": 1479794.85, "trend": 0.526219, "fair_value": 0.58176, "relative_strength": -11.555691, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.621158, "energy": 58.206459, "activity_lines": [ 0.520682, 0.530761, 0.545884, 0.540612 ] }, { "date": "2025-02-21", "close": 0.502182, "volume": 1076891, "typical_volume": 1497894.4, "trend": 0.528779, "fair_value": 0.581545, "relative_strength": -11.854831, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.896666, "energy": 61.039735, "activity_lines": [ 0.513, 0.52376, 0.541083, 0.539062 ] }, { "date": "2025-02-28", "close": 0.49162, "volume": 871880, "typical_volume": 1408889.45, "trend": 0.529195, "fair_value": 0.581382, "relative_strength": -11.68303, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.127138, "energy": 71.738676, "activity_lines": [ 0.503974, 0.516271, 0.535505, 0.536664 ] }, { "date": "2025-03-07", "close": 0.497381, "volume": 307111, "typical_volume": 1351705.15, "trend": 0.529451, "fair_value": 0.581285, "relative_strength": -11.484574, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.86416, "energy": 70.620432, "activity_lines": [ 0.499429, 0.511016, 0.530604, 0.534612 ] }, { "date": "2025-03-14", "close": 0.514664, "volume": 1207700, "typical_volume": 1132360.4, "trend": 0.529995, "fair_value": 0.581236, "relative_strength": -9.073097, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.085109, "energy": 56.461353, "activity_lines": [ 0.50295, 0.509986, 0.527508, 0.533658 ] }, { "date": "2025-03-21", "close": 0.517545, "volume": 1272391, "typical_volume": 980583.7, "trend": 0.531884, "fair_value": 0.581245, "relative_strength": -6.561853, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.675285, "energy": 35.480204, "activity_lines": [ 0.508263, 0.510021, 0.525076, 0.532854 ] }, { "date": "2025-03-28", "close": 0.513704, "volume": 482657, "typical_volume": 867091.65, "trend": 0.53262, "fair_value": 0.581161, "relative_strength": -6.378198, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -45.269209, "energy": 32.138729, "activity_lines": [ 0.511272, 0.509794, 0.522538, 0.531681 ] }, { "date": "2025-04-04", "close": 0.526187, "volume": 828066, "typical_volume": 812582.2, "trend": 0.5347, "fair_value": 0.580987, "relative_strength": -3.33768, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.125748, "energy": 23.880998, "activity_lines": [ 0.517673, 0.51222, 0.521596, 0.531266 ] }, { "date": "2025-04-11", "close": 0.49162, "volume": 1127730, "typical_volume": 816896.25, "trend": 0.535853, "fair_value": 0.580221, "relative_strength": -6.279827, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.610977, "energy": 29.959101, "activity_lines": [ 0.510248, 0.508432, 0.517582, 0.528487 ] }, { "date": "2025-04-18", "close": 0.487779, "volume": 237708, "typical_volume": 766106.55, "trend": 0.536749, "fair_value": 0.579517, "relative_strength": -7.772564, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.819286, "energy": 41.696821, "activity_lines": [ 0.501926, 0.504678, 0.513567, 0.525386 ] }, { "date": "2025-04-25", "close": 0.483938, "volume": 197700, "typical_volume": 741331.45, "trend": 0.535949, "fair_value": 0.579026, "relative_strength": -8.595133, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.028912, "energy": 53.192161, "activity_lines": [ 0.494116, 0.500942, 0.509571, 0.521978 ] }, { "date": "2025-05-02", "close": 0.482018, "volume": 87550, "typical_volume": 687809.95, "trend": 0.533676, "fair_value": 0.578523, "relative_strength": -8.088173, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.283815, "energy": 66.632002, "activity_lines": [ 0.487907, 0.497189, 0.505794, 0.518499 ] }, { "date": "2025-05-09", "close": 0.477217, "volume": 233410, "typical_volume": 649164.45, "trend": 0.5323, "fair_value": 0.578149, "relative_strength": -10.278414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.929418, "energy": 70.548117, "activity_lines": [ 0.48221, 0.492929, 0.502031, 0.514856 ] }, { "date": "2025-05-16", "close": 0.479137, "volume": 335970, "typical_volume": 618861.6, "trend": 0.530572, "fair_value": 0.577747, "relative_strength": -10.240149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.477208, "energy": 66.487013, "activity_lines": [ 0.480417, 0.48928, 0.49883, 0.511427 ] }, { "date": "2025-05-23", "close": 0.470495, "volume": 473900, "typical_volume": 612204.6, "trend": 0.526379, "fair_value": 0.577369, "relative_strength": -10.969837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.054585, "energy": 63.738514, "activity_lines": [ 0.476577, 0.484392, 0.495177, 0.507551 ] }, { "date": "2025-05-30", "close": 0.484898, "volume": 465692, "typical_volume": 587754.3, "trend": 0.523466, "fair_value": 0.577117, "relative_strength": -7.896083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.903925, "energy": 46.742408, "activity_lines": [ 0.478689, 0.482925, 0.493247, 0.504874 ] }, { "date": "2025-06-06", "close": 0.501, "volume": 1039680, "typical_volume": 618705.3, "trend": 0.520194, "fair_value": 0.576833, "relative_strength": -6.219476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.253653, "energy": 29.73332, "activity_lines": [ 0.486105, 0.48498, 0.493121, 0.503425 ] }, { "date": "2025-06-13", "close": 0.503, "volume": 507500, "typical_volume": 623915.3, "trend": 0.517885, "fair_value": 0.576368, "relative_strength": -5.773885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.081007, "energy": 19.042328, "activity_lines": [ 0.492921, 0.487629, 0.493346, 0.502316 ] }, { "date": "2025-06-20", "close": 0.492, "volume": 416960, "typical_volume": 642623.3, "trend": 0.515337, "fair_value": 0.575855, "relative_strength": -7.513953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.132231, "energy": 18.566985, "activity_lines": [ 0.494353, 0.4887, 0.492653, 0.500646 ] }, { "date": "2025-06-27", "close": 0.495, "volume": 874521, "typical_volume": 669525.35, "trend": 0.512889, "fair_value": 0.575481, "relative_strength": -8.804785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.383858, "energy": 17.727148, "activity_lines": [ 0.495927, 0.49031, 0.492435, 0.499334 ] }, { "date": "2025-07-04", "close": 0.511, "volume": 1031779, "typical_volume": 653839.8, "trend": 0.510975, "fair_value": 0.575152, "relative_strength": -7.296839, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.035719, "energy": 9.658863, "activity_lines": [ 0.5012, 0.494697, 0.493894, 0.499212 ] }, { "date": "2025-07-11", "close": 0.507, "volume": 594544, "typical_volume": 629722.45, "trend": 0.508511, "fair_value": 0.574753, "relative_strength": -8.985835, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.435549, "energy": 11.530274, "activity_lines": [ 0.5034, 0.497865, 0.494931, 0.498955 ] }, { "date": "2025-07-18", "close": 0.505, "volume": 398890, "typical_volume": 606072.95, "trend": 0.50678, "fair_value": 0.574397, "relative_strength": -9.949912, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.684904, "energy": 13.402862, "activity_lines": [ 0.504533, 0.500215, 0.495753, 0.498729 ] }, { "date": "2025-07-25", "close": 0.521, "volume": 992430, "typical_volume": 640338.9, "trend": 0.505583, "fair_value": 0.574133, "relative_strength": -8.602606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.365827, "energy": 37.713074, "activity_lines": [ 0.510867, 0.504969, 0.498036, 0.499646 ] }, { "date": "2025-08-01", "close": 0.545, "volume": 2873548, "typical_volume": 723631.3, "trend": 0.505602, "fair_value": 0.574011, "relative_strength": -3.348666, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.279866, "energy": 60.403797, "activity_lines": [ 0.523267, 0.513325, 0.502493, 0.502189 ] }, { "date": "2025-08-08", "close": 0.537, "volume": 2224639, "typical_volume": 771243.7, "trend": 0.505451, "fair_value": 0.573826, "relative_strength": -6.471515, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.293152, "energy": 61.190916, "activity_lines": [ 0.529667, 0.518873, 0.506042, 0.504215 ] }, { "date": "2025-08-15", "close": 0.545, "volume": 1365613, "typical_volume": 815391.5, "trend": 0.50579, "fair_value": 0.573555, "relative_strength": -6.368637, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 73.498375, "energy": 75.938442, "activity_lines": [ 0.537, 0.524927, 0.510261, 0.506767 ] }, { "date": "2025-08-22", "close": 0.561, "volume": 3330564, "typical_volume": 940516.4, "trend": 0.506822, "fair_value": 0.57341, "relative_strength": -6.700337, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.345543, "energy": 79.134752, "activity_lines": [ 0.547133, 0.533091, 0.515855, 0.510329 ] }, { "date": "2025-08-29", "close": 0.546, "volume": 1789046, "typical_volume": 973582.2, "trend": 0.50729, "fair_value": 0.573197, "relative_strength": -9.604336, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.324113, "energy": 65.851037, "activity_lines": [ 0.548533, 0.537473, 0.519855, 0.512856 ] }, { "date": "2025-09-05", "close": 0.56, "volume": 1718424, "typical_volume": 1047618.0, "trend": 0.508386, "fair_value": 0.573127, "relative_strength": -5.941867, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.643736, "energy": 68.010913, "activity_lines": [ 0.552933, 0.543418, 0.524929, 0.516257 ] }, { "date": "2025-09-12", "close": 0.553, "volume": 1094234, "typical_volume": 1092444.7, "trend": 0.51008, "fair_value": 0.573041, "relative_strength": -8.215854, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.854606, "energy": 54.260088, "activity_lines": [ 0.554, 0.546909, 0.528992, 0.519135 ] }, { "date": "2025-09-19", "close": 0.538, "volume": 928332, "typical_volume": 1134483.8, "trend": 0.511273, "fair_value": 0.572905, "relative_strength": -9.215611, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.997514, "energy": 44.007092, "activity_lines": [ 0.549, 0.546909, 0.531298, 0.520936 ] }, { "date": "2025-09-26", "close": 0.532, "volume": 692538, "typical_volume": 1157440.2, "trend": 0.512619, "fair_value": 0.572784, "relative_strength": -10.131523, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.540683, "energy": 31.78212, "activity_lines": [ 0.542467, 0.545255, 0.532766, 0.522274 ] }, { "date": "2025-10-03", "close": 0.515, "volume": 714914, "typical_volume": 1176387.4, "trend": 0.513207, "fair_value": 0.572518, "relative_strength": -13.88268, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.999146, "energy": 18.735778, "activity_lines": [ 0.5322, 0.540018, 0.532354, 0.522427 ] }, { "date": "2025-10-10", "close": 0.51, "volume": 486260, "typical_volume": 1177005.4, "trend": 0.513051, "fair_value": 0.572284, "relative_strength": -14.708267, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.859283, "energy": 19.547943, "activity_lines": [ 0.522333, 0.533982, 0.531295, 0.52222 ] }, { "date": "2025-10-17", "close": 0.518, "volume": 742814, "typical_volume": 1190861.5, "trend": 0.513066, "fair_value": 0.572172, "relative_strength": -11.76971, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.337299, "energy": 19.679632, "activity_lines": [ 0.518467, 0.530036, 0.53081, 0.52254 ] }, { "date": "2025-10-24", "close": 0.516, "volume": 471940, "typical_volume": 1162474.5, "trend": 0.513143, "fair_value": 0.572197, "relative_strength": -14.028564, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.015081, "energy": 19.39612, "activity_lines": [ 0.516267, 0.526073, 0.529976, 0.522729 ] }, { "date": "2025-10-31", "close": 0.51, "volume": 366954, "typical_volume": 1155447.2, "trend": 0.512603, "fair_value": 0.571999, "relative_strength": -14.628008, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.731589, "energy": 20.354488, "activity_lines": [ 0.513533, 0.521545, 0.5285, 0.522526 ] }, { "date": "2025-11-07", "close": 0.515, "volume": 437480, "typical_volume": 1156473.2, "trend": 0.513383, "fair_value": 0.571396, "relative_strength": -14.224884, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.104946, "energy": 20.248098, "activity_lines": [ 0.513933, 0.518855, 0.527467, 0.522681 ] }, { "date": "2025-11-14", "close": 0.522, "volume": 705780, "typical_volume": 1148036.15, "trend": 0.514523, "fair_value": 0.570546, "relative_strength": -12.445406, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.506566, "energy": 11.614741, "activity_lines": [ 0.516667, 0.518, 0.52699, 0.523237 ] }, { "date": "2025-11-21", "close": 0.508, "volume": 731220, "typical_volume": 1133008.2, "trend": 0.515325, "fair_value": 0.569811, "relative_strength": -10.860033, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.864548, "energy": 20.607219, "activity_lines": [ 0.513933, 0.515291, 0.525052, 0.522816 ] }, { "date": "2025-11-28", "close": 0.529, "volume": 1022945, "typical_volume": 1154428.25, "trend": 0.516892, "fair_value": 0.568407, "relative_strength": -8.042458, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.277759, "energy": 12.354617, "activity_lines": [ 0.518867, 0.517218, 0.525129, 0.523698 ] }, { "date": "2025-12-05", "close": 0.528, "volume": 1546777, "typical_volume": 1211822.6, "trend": 0.518584, "fair_value": 0.566951, "relative_strength": -8.172127, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.872168, "energy": 16.374355, "activity_lines": [ 0.5226, 0.519127, 0.525005, 0.524415 ] }, { "date": "2025-12-12", "close": 0.511, "volume": 653217, "typical_volume": 1194861.95, "trend": 0.519646, "fair_value": 0.565781, "relative_strength": -10.354407, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.664394, "energy": 7.769302, "activity_lines": [ 0.519467, 0.518018, 0.523152, 0.523925 ] }, { "date": "2025-12-19", "close": 0.514, "volume": 411385, "typical_volume": 1071753.8, "trend": 0.521097, "fair_value": 0.564473, "relative_strength": -9.458844, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.326585, "energy": 7.968825, "activity_lines": [ 0.5176, 0.517527, 0.521633, 0.523561 ] }, { "date": "2025-12-26", "close": 0.509, "volume": 332400, "typical_volume": 977141.85, "trend": 0.5219, "fair_value": 0.563156, "relative_strength": -11.583916, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.27382, "energy": 22.576809, "activity_lines": [ 0.5146, 0.516055, 0.519786, 0.522781 ] }, { "date": "2026-01-02", "close": 0.491, "volume": 842093, "typical_volume": 950965.85, "trend": 0.521567, "fair_value": 0.561172, "relative_strength": -14.301662, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.010927, "energy": 65.310021, "activity_lines": [ 0.505533, 0.511473, 0.516357, 0.520787 ] }, { "date": "2026-01-09", "close": 0.506, "volume": 506734, "typical_volume": 809774.35, "trend": 0.521667, "fair_value": 0.560034, "relative_strength": -14.383906, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.881927, "energy": 59.165779, "activity_lines": [ 0.504, 0.510073, 0.514614, 0.519783 ] }, { "date": "2026-01-16", "close": 0.505, "volume": 598840, "typical_volume": 750264.05, "trend": 0.5221, "fair_value": 0.559023, "relative_strength": -13.68298, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.599246, "energy": 60.342753, "activity_lines": [ 0.5036, 0.508564, 0.513038, 0.518708 ] }, { "date": "2026-01-23", "close": 0.512, "volume": 489500, "typical_volume": 688817.85, "trend": 0.522667, "fair_value": 0.557964, "relative_strength": -12.750432, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.023946, "energy": 48.823368, "activity_lines": [ 0.505933, 0.508509, 0.512324, 0.518056 ] }, { "date": "2026-01-30", "close": 0.511, "volume": 873771, "typical_volume": 677794.7, "trend": 0.522667, "fair_value": 0.556998, "relative_strength": -12.064172, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.050571, "energy": 25.480968, "activity_lines": [ 0.508067, 0.508455, 0.511743, 0.517303 ] }, { "date": "2026-02-06", "close": 0.512, "volume": 361920, "typical_volume": 649474.1, "trend": 0.522833, "fair_value": 0.556067, "relative_strength": -10.346375, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.561004, "energy": 16.839081, "activity_lines": [ 0.5104, 0.508527, 0.511457, 0.516615 ] }, { "date": "2026-02-13", "close": 0.511, "volume": 222496, "typical_volume": 625972.0, "trend": 0.523033, "fair_value": 0.555194, "relative_strength": -10.578471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.472787, "energy": 16.113116, "activity_lines": [ 0.511, 0.508727, 0.5112, 0.515852 ] }, { "date": "2026-02-27", "close": 0.514, "volume": 354996, "typical_volume": 607976.1, "trend": 0.5228, "fair_value": 0.554503, "relative_strength": -11.493815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.829548, "energy": 15.376054, "activity_lines": [ 0.512267, 0.509782, 0.511329, 0.515269 ] }, { "date": "2026-03-06", "close": 0.506, "volume": 401402, "typical_volume": 603733.2, "trend": 0.5215, "fair_value": 0.553167, "relative_strength": -11.74566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.843097, "energy": 16.965785, "activity_lines": [ 0.510267, 0.509327, 0.5107, 0.514185 ] }, { "date": "2026-03-13", "close": 0.501, "volume": 439760, "typical_volume": 588580.5, "trend": 0.5203, "fair_value": 0.551945, "relative_strength": -11.697215, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.703189, "energy": 29.130993, "activity_lines": [ 0.507, 0.508109, 0.509614, 0.512862 ] }, { "date": "2026-03-20", "close": 0.494, "volume": 238340, "typical_volume": 576900.5, "trend": 0.5186, "fair_value": 0.550515, "relative_strength": -9.56361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.75711, "energy": 50.839472, "activity_lines": [ 0.502067, 0.505764, 0.507943, 0.511166 ] }, { "date": "2026-03-27", "close": 0.489, "volume": 454310, "typical_volume": 581268.3, "trend": 0.5162, "fair_value": 0.549349, "relative_strength": -9.122431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.403216, "energy": 66.607623, "activity_lines": [ 0.496667, 0.502455, 0.5059, 0.509256 ] }, { "date": "2026-04-03", "close": 0.501, "volume": 1138681, "typical_volume": 616328.35, "trend": 0.5147, "fair_value": 0.54833, "relative_strength": -5.76688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.318431, "energy": 55.441736, "activity_lines": [ 0.496733, 0.501636, 0.5051, 0.508275 ] }, { "date": "2026-04-10", "close": 0.495, "volume": 417519, "typical_volume": 601915.3, "trend": 0.512533, "fair_value": 0.547378, "relative_strength": -8.949077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.951956, "energy": 54.143912, "activity_lines": [ 0.495667, 0.4998, 0.503795, 0.507004 ] }, { "date": "2026-04-17", "close": 0.479287, "volume": 420848, "typical_volume": 586396.7, "trend": 0.510076, "fair_value": 0.546377, "relative_strength": -12.846229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.100644, "energy": 61.937565, "activity_lines": [ 0.490096, 0.495416, 0.501123, 0.504859 ] }, { "date": "2026-04-24", "close": 0.469526, "volume": 371655, "typical_volume": 553832.2, "trend": 0.507794, "fair_value": 0.545157, "relative_strength": -14.809368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.474153, "energy": 68.835411, "activity_lines": [ 0.482719, 0.489834, 0.497657, 0.502243 ] }, { "date": "2026-05-01", "close": 0.463669, "volume": 481776, "typical_volume": 500582.15, "trend": 0.505516, "fair_value": 0.543974, "relative_strength": -16.124724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.856797, "energy": 81.327427, "activity_lines": [ 0.475021, 0.483959, 0.493917, 0.499396 ] }, { "date": "2026-05-08", "close": 0.454883, "volume": 320610, "typical_volume": 483951.8, "trend": 0.503512, "fair_value": 0.542852, "relative_strength": -18.604142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.637426, "energy": 88.576427, "activity_lines": [ 0.466083, 0.477347, 0.489646, 0.49613 ] }, { "date": "2026-05-15", "close": 0.457812, "volume": 343860, "typical_volume": 480575.55, "trend": 0.501773, "fair_value": 0.541643, "relative_strength": -16.8133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.364309, "energy": 85.704988, "activity_lines": [ 0.461196, 0.472342, 0.485922, 0.493181 ] }, { "date": "2026-05-22", "close": 0.446098, "volume": 481779, "typical_volume": 488044.5, "trend": 0.499376, "fair_value": 0.54043, "relative_strength": -18.09827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.917232, "energy": 86.756193, "activity_lines": [ 0.454883, 0.466084, 0.481349, 0.48959 ] }, { "date": "2026-05-29", "close": 0.434384, "volume": 324140, "typical_volume": 462146.85, "trend": 0.496655, "fair_value": 0.539176, "relative_strength": -18.982922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.762902, "energy": 80.910276, "activity_lines": [ 0.446879, 0.458694, 0.475961, 0.485396 ] }, { "date": "2026-06-05", "close": 0.423647, "volume": 51980, "typical_volume": 439409.15, "trend": 0.493777, "fair_value": 0.537731, "relative_strength": -19.719672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.254115, "energy": 77.271318, "activity_lines": [ 0.437638, 0.450436, 0.469819, 0.480686 ] }, { "date": "2026-06-12", "close": 0.414861, "volume": 51400, "typical_volume": 412037.15, "trend": 0.490439, "fair_value": 0.536254, "relative_strength": -20.935031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.723549, "energy": 81.670803, "activity_lines": [ 0.428137, 0.441769, 0.463233, 0.475595 ] }, { "date": "2026-06-19", "close": 0.421, "volume": 106720, "typical_volume": 392898.15, "trend": 0.487072, "fair_value": 0.534902, "relative_strength": -20.380232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.984172, "energy": 74.082253, "activity_lines": [ 0.42335, 0.435784, 0.457661, 0.471115 ] }, { "date": "2026-06-26", "close": 0.42, "volume": 61800, "typical_volume": 352299.6, "trend": 0.484139, "fair_value": 0.533638, "relative_strength": -18.813514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.043322, "energy": 76.862793, "activity_lines": [ 0.420684, 0.430963, 0.452427, 0.466788 ] }, { "date": "2026-07-03", "close": 0.428, "volume": 112060, "typical_volume": 339806.6, "trend": 0.480772, "fair_value": 0.53282, "relative_strength": -17.121874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.224521, "energy": 62.845672, "activity_lines": [ 0.422425, 0.428674, 0.448388, 0.463166 ] }, { "date": "2026-07-10", "close": 0.436, "volume": 384560, "typical_volume": 347909.8, "trend": 0.477706, "fair_value": 0.532066, "relative_strength": -14.077198, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.813332, "energy": 52.091193, "activity_lines": [ 0.427257, 0.428595, 0.445511, 0.460277 ] }, { "date": "2026-07-17", "close": 0.447, "volume": 1549859, "typical_volume": 407652.95, "trend": 0.475572, "fair_value": 0.531279, "relative_strength": -6.114666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.963462, "energy": 32.773689, "activity_lines": [ 0.434933, 0.431019, 0.444039, 0.458296 ] }, { "date": "2026-07-24", "close": 0.446, "volume": 599251, "typical_volume": 417545.4, "trend": 0.473306, "fair_value": 0.530534, "relative_strength": -7.187603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.965324, "energy": 22.62776, "activity_lines": [ 0.440133, 0.433405, 0.44279, 0.456388 ] }, { "date": "2026-07-31", "close": 0.441, "volume": 477986, "typical_volume": 419456.7, "trend": 0.471039, "fair_value": 0.529744, "relative_strength": -8.241872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.41137, "energy": 22.25714, "activity_lines": [ 0.442, 0.435096, 0.441351, 0.454304 ] }, { "date": "2026-08-07", "close": 0.452, "volume": 667047, "typical_volume": 440892.05, "trend": 0.469739, "fair_value": 0.529073, "relative_strength": -7.984241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.822968, "energy": 20.748351, "activity_lines": [ 0.446133, 0.438879, 0.441246, 0.453076 ] } ], "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." } } }