{ "ticker": { "uuid": "50e35aae-134b-459f-8ccc-ca5056acb2c4", "symbol": "1B1", "name": "HC Surgical Specialists Limited", "exchange": "SES", "country": "SG", "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": "^STI", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -29.981, "architecture_energy": 35.75, "architecture_maturity": 9.333, "architecture_confidence": 79.345, "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": 40.16, "rotation_up": 26.38, "upward_expansion": 29.46, "deceleration": 42.65, "rotation_down": 54.91, "downward_expansion": 42.8 }, "activity_lines": [ 0.363, 0.369727, 0.373381, 0.372125 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 0.345, "trend_reference": 0.36964, "distance_from_trend": -0.06666, "trend_direction": "Improving", "fair_value": 0.292378, "distance_from_fair_value": 0.17998, "fair_value_direction": "Weakening", "relative_strength": -17.832022, "relative_strength_direction": "Weakening", "price_momentum": -0.043314, "excess_performance": -0.198149, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.06666, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.029545, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.17998, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.114662, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.17832, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.208816, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.043314, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.359023, "read": "Supply-led" } ], "volume": { "latest": 238400, "relative_activity": 2.781148, "balance": 0.359023, "dry_up": 3.213077, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.049052, "annualized_volatility": 0.301102, "from_high_reference": -0.1375, "from_low_reference": 0.126597 }, "levels": { "trend_reference": 0.36964, "fair_value_reference": 0.292378, "structural_low": 0.33, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.013887, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.018801, "regime_survival": 0.2, "best_return": 0.098591, "worst_return": -0.058253, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.005058, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.036166, "regime_survival": 0.0, "best_return": 0.277778, "worst_return": -0.196295, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.070423, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.003371, "regime_survival": 0.0, "best_return": 0.302553, "worst_return": -0.165048, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.218024, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.181054, "regime_survival": 0.0, "best_return": 0.493664, "worst_return": -0.224798, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-22", "end": "2024-05-31", "tenure": "Extended", "return": -0.153243, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-08-09", "tenure": "Developing", "return": -0.018519, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": 0.079999, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-11-29", "tenure": "Developing", "return": -0.012274, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-03-07", "tenure": "Established", "return": 0.046421, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-04-25", "tenure": "Developing", "return": -0.035712, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-02", "end": "2025-05-09", "tenure": "New", "return": 0.018517, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-05-30", "tenure": "New", "return": -0.01724, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-10-31", "tenure": "Established", "return": 0.212722, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-12-19", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-02-27", "tenure": "Developing", "return": 0.014285, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": 0.072464, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-03", "end": "2026-07-24", "tenure": "Established", "return": 0.067568, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.014706, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.30876, "volume": 65200, "typical_volume": 23330.0, "trend": 0.331205, "fair_value": 0.343682, "relative_strength": -2.896459, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.764489, "energy": 26.123021, "activity_lines": [ 0.325115, 0.332523, 0.336414, 0.333378 ] }, { "date": "2023-08-25", "close": 0.31299, "volume": 90300, "typical_volume": 27605.0, "trend": 0.330634, "fair_value": 0.344337, "relative_strength": -1.775166, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.649295, "energy": 40.443808, "activity_lines": [ 0.318629, 0.327448, 0.334541, 0.332203 ] }, { "date": "2023-09-01", "close": 0.304531, "volume": 30100, "typical_volume": 29045.0, "trend": 0.329781, "fair_value": 0.344938, "relative_strength": -5.453586, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.439463, "energy": 52.238952, "activity_lines": [ 0.31158, 0.322526, 0.331822, 0.330519 ] }, { "date": "2023-09-08", "close": 0.31299, "volume": 11800, "typical_volume": 29635.0, "trend": 0.329486, "fair_value": 0.345548, "relative_strength": -1.883361, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.56084, "energy": 52.749237, "activity_lines": [ 0.31017, 0.319604, 0.329888, 0.329435 ] }, { "date": "2023-09-15", "close": 0.30876, "volume": 202900, "typical_volume": 39780.0, "trend": 0.328499, "fair_value": 0.346131, "relative_strength": -5.158913, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.783763, "energy": 55.852909, "activity_lines": [ 0.309606, 0.316451, 0.327491, 0.328098 ] }, { "date": "2023-09-22", "close": 0.296072, "volume": 12900, "typical_volume": 40350.0, "trend": 0.327089, "fair_value": 0.346632, "relative_strength": -6.692912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.040694, "energy": 72.040878, "activity_lines": [ 0.305095, 0.311452, 0.323846, 0.326006 ] }, { "date": "2023-09-29", "close": 0.30876, "volume": 88200, "typical_volume": 44760.0, "trend": 0.32582, "fair_value": 0.34726, "relative_strength": -2.910661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.361111, "energy": 56.534477, "activity_lines": [ 0.305659, 0.309452, 0.321651, 0.324824 ] }, { "date": "2023-10-06", "close": 0.296072, "volume": 77400, "typical_volume": 45355.0, "trend": 0.324128, "fair_value": 0.347728, "relative_strength": -5.438229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.536886, "energy": 66.798239, "activity_lines": [ 0.302275, 0.305838, 0.318428, 0.322905 ] }, { "date": "2023-10-13", "close": 0.296072, "volume": 22000, "typical_volume": 44905.0, "trend": 0.322718, "fair_value": 0.348219, "relative_strength": -5.623967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.926556, "energy": 67.942854, "activity_lines": [ 0.299455, 0.303147, 0.315367, 0.321095 ] }, { "date": "2023-10-20", "close": 0.279153, "volume": 225100, "typical_volume": 53670.0, "trend": 0.322154, "fair_value": 0.348532, "relative_strength": -7.920574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.139713, "energy": 72.532085, "activity_lines": [ 0.292124, 0.298302, 0.310895, 0.318284 ] }, { "date": "2023-10-27", "close": 0.279153, "volume": 86000, "typical_volume": 57970.0, "trend": 0.32159, "fair_value": 0.348823, "relative_strength": -7.327699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.576609, "energy": 73.72959, "activity_lines": [ 0.286766, 0.294072, 0.306706, 0.31551 ] }, { "date": "2023-11-03", "close": 0.266465, "volume": 100500, "typical_volume": 55505.0, "trend": 0.320321, "fair_value": 0.349009, "relative_strength": -13.58126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.918007, "energy": 77.786621, "activity_lines": [ 0.278307, 0.288074, 0.30159, 0.311953 ] }, { "date": "2023-11-10", "close": 0.270976, "volume": 88900, "typical_volume": 59925.0, "trend": 0.319344, "fair_value": 0.349201, "relative_strength": -11.055237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.454923, "energy": 83.597573, "activity_lines": [ 0.274172, 0.283742, 0.297569, 0.30877 ] }, { "date": "2023-11-17", "close": 0.257864, "volume": 220500, "typical_volume": 68690.0, "trend": 0.317929, "fair_value": 0.34917, "relative_strength": -15.793139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.630644, "energy": 86.310273, "activity_lines": [ 0.267339, 0.277636, 0.292579, 0.304803 ] }, { "date": "2023-11-24", "close": 0.249123, "volume": 100200, "typical_volume": 73150.0, "trend": 0.316223, "fair_value": 0.348968, "relative_strength": -17.76605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.780474, "energy": 89.862773, "activity_lines": [ 0.260139, 0.270943, 0.287161, 0.300364 ] }, { "date": "2023-12-01", "close": 0.244753, "volume": 53500, "typical_volume": 75800.0, "trend": 0.312821, "fair_value": 0.348762, "relative_strength": -18.981159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.651499, "energy": 87.67825, "activity_lines": [ 0.253484, 0.264539, 0.281731, 0.295753 ] }, { "date": "2023-12-08", "close": 0.253494, "volume": 10000, "typical_volume": 76240.0, "trend": 0.30971, "fair_value": 0.348542, "relative_strength": -16.473551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.020487, "energy": 75.696271, "activity_lines": [ 0.252037, 0.260658, 0.277559, 0.291925 ] }, { "date": "2023-12-15", "close": 0.253494, "volume": 300, "typical_volume": 76205.0, "trend": 0.307163, "fair_value": 0.348322, "relative_strength": -16.437233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.23161, "energy": 82.89471, "activity_lines": [ 0.251454, 0.257782, 0.273831, 0.288299 ] }, { "date": "2023-12-22", "close": 0.253494, "volume": 0, "typical_volume": 76205.0, "trend": 0.304334, "fair_value": 0.348125, "relative_strength": -16.815343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.289838, "energy": 75.256838, "activity_lines": [ 0.252037, 0.25568, 0.270548, 0.284836 ] }, { "date": "2023-12-29", "close": 0.262235, "volume": 19300, "typical_volume": 75255.0, "trend": 0.301796, "fair_value": 0.34803, "relative_strength": -16.301742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.536214, "energy": 57.966673, "activity_lines": [ 0.255825, 0.255942, 0.268542, 0.28212 ] }, { "date": "2024-01-05", "close": 0.262235, "volume": 600, "typical_volume": 72025.0, "trend": 0.299258, "fair_value": 0.348004, "relative_strength": -14.560842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.850578, "energy": 48.305544, "activity_lines": [ 0.258739, 0.256511, 0.266778, 0.279568 ] }, { "date": "2024-01-12", "close": 0.262235, "volume": 222500, "typical_volume": 78635.0, "trend": 0.294464, "fair_value": 0.347656, "relative_strength": -14.49405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.074949, "energy": 35.18337, "activity_lines": [ 0.260487, 0.257388, 0.265235, 0.277179 ] }, { "date": "2024-01-19", "close": 0.262235, "volume": 97600, "typical_volume": 82010.0, "trend": 0.292209, "fair_value": 0.347255, "relative_strength": -13.1283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.895045, "energy": 28.182582, "activity_lines": [ 0.261652, 0.258341, 0.263934, 0.2751 ] }, { "date": "2024-01-26", "close": 0.257864, "volume": 46000, "typical_volume": 83720.0, "trend": 0.289384, "fair_value": 0.34685, "relative_strength": -14.503453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.832, "energy": 31.609183, "activity_lines": [ 0.260778, 0.258659, 0.262418, 0.272884 ] }, { "date": "2024-02-02", "close": 0.257864, "volume": 0, "typical_volume": 73575.0, "trend": 0.286842, "fair_value": 0.346446, "relative_strength": -14.765228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.764204, "energy": 35.961815, "activity_lines": [ 0.259612, 0.258977, 0.261165, 0.270851 ] }, { "date": "2024-02-09", "close": 0.257864, "volume": 0, "typical_volume": 72930.0, "trend": 0.284299, "fair_value": 0.346017, "relative_strength": -13.400769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.538216, "energy": 41.842244, "activity_lines": [ 0.258738, 0.259136, 0.260154, 0.268981 ] }, { "date": "2024-02-16", "close": 0.257864, "volume": 0, "typical_volume": 68520.0, "trend": 0.281334, "fair_value": 0.345564, "relative_strength": -15.277451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.34739, "energy": 47.19671, "activity_lines": [ 0.258155, 0.259056, 0.259325, 0.267276 ] }, { "date": "2024-02-23", "close": 0.257864, "volume": 18500, "typical_volume": 65575.0, "trend": 0.278368, "fair_value": 0.345184, "relative_strength": -13.904637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.62444, "energy": 42.707092, "activity_lines": [ 0.257864, 0.258897, 0.258738, 0.265761 ] }, { "date": "2024-03-01", "close": 0.259655, "volume": 87400, "typical_volume": 68845.0, "trend": 0.275463, "fair_value": 0.34479, "relative_strength": -11.50436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.128852, "energy": 37.893268, "activity_lines": [ 0.258461, 0.258984, 0.258503, 0.264554 ] }, { "date": "2024-03-08", "close": 0.264132, "volume": 66000, "typical_volume": 60890.0, "trend": 0.273834, "fair_value": 0.344402, "relative_strength": -9.835166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.514942, "energy": 21.259633, "activity_lines": [ 0.260431, 0.259774, 0.258869, 0.263823 ] }, { "date": "2024-03-15", "close": 0.232794, "volume": 95400, "typical_volume": 61360.0, "trend": 0.271302, "fair_value": 0.343836, "relative_strength": -20.640854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.585321, "energy": 51.13364, "activity_lines": [ 0.251537, 0.25483, 0.256321, 0.261175 ] }, { "date": "2024-03-22", "close": 0.241748, "volume": 97100, "typical_volume": 61190.0, "trend": 0.268927, "fair_value": 0.343304, "relative_strength": -18.452199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.392931, "energy": 50.201758, "activity_lines": [ 0.247299, 0.252051, 0.254847, 0.259269 ] }, { "date": "2024-03-29", "close": 0.232794, "volume": 20000, "typical_volume": 57745.0, "trend": 0.266536, "fair_value": 0.342739, "relative_strength": -21.313487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.128173, "energy": 74.602166, "activity_lines": [ 0.241151, 0.248015, 0.252638, 0.256937 ] }, { "date": "2024-04-05", "close": 0.237271, "volume": 5000, "typical_volume": 46970.0, "trend": 0.264012, "fair_value": 0.342082, "relative_strength": -19.343512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.871213, "energy": 76.784969, "activity_lines": [ 0.238166, 0.245329, 0.251037, 0.255049 ] }, { "date": "2024-04-12", "close": 0.237271, "volume": 0, "typical_volume": 41960.0, "trend": 0.261629, "fair_value": 0.341402, "relative_strength": -19.017135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.303381, "energy": 78.061287, "activity_lines": [ 0.236674, 0.243018, 0.249535, 0.253324 ] }, { "date": "2024-04-19", "close": 0.232794, "volume": 246000, "typical_volume": 51585.0, "trend": 0.25952, "fair_value": 0.340669, "relative_strength": -19.242782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.021137, "energy": 72.70287, "activity_lines": [ 0.23548, 0.240266, 0.247662, 0.251464 ] }, { "date": "2024-04-26", "close": 0.232794, "volume": 120100, "typical_volume": 57090.0, "trend": 0.256988, "fair_value": 0.339888, "relative_strength": -21.446139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.602255, "energy": 57.620067, "activity_lines": [ 0.234286, 0.237971, 0.245846, 0.24974 ] }, { "date": "2024-05-03", "close": 0.237271, "volume": 153000, "typical_volume": 64725.0, "trend": 0.255028, "fair_value": 0.339136, "relative_strength": -19.663958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.676154, "energy": 47.662185, "activity_lines": [ 0.235182, 0.236945, 0.244555, 0.248468 ] }, { "date": "2024-05-10", "close": 0.250701, "volume": 269400, "typical_volume": 78195.0, "trend": 0.253515, "fair_value": 0.338494, "relative_strength": -14.474108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.615791, "energy": 26.240297, "activity_lines": [ 0.240255, 0.238736, 0.244621, 0.248188 ] }, { "date": "2024-05-17", "close": 0.250701, "volume": 229600, "typical_volume": 88710.0, "trend": 0.252567, "fair_value": 0.33778, "relative_strength": -14.557564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.302093, "energy": 15.500546, "activity_lines": [ 0.244434, 0.240689, 0.244699, 0.248007 ] }, { "date": "2024-05-24", "close": 0.250701, "volume": 0, "typical_volume": 88680.0, "trend": 0.251618, "fair_value": 0.337066, "relative_strength": -14.078891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.871658, "energy": 18.165407, "activity_lines": [ 0.247717, 0.242887, 0.244833, 0.247886 ] }, { "date": "2024-05-31", "close": 0.250701, "volume": 114200, "typical_volume": 83265.0, "trend": 0.251093, "fair_value": 0.336352, "relative_strength": -13.998221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.431283, "energy": 20.371377, "activity_lines": [ 0.249806, 0.244759, 0.245022, 0.247827 ] }, { "date": "2024-06-07", "close": 0.241748, "volume": 74200, "typical_volume": 82095.0, "trend": 0.250119, "fair_value": 0.335557, "relative_strength": -16.305747, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.934347, "energy": 14.712971, "activity_lines": [ 0.247717, 0.244841, 0.244412, 0.247224 ] }, { "date": "2024-06-14", "close": 0.255178, "volume": 8500, "typical_volume": 80220.0, "trend": 0.250029, "fair_value": 0.334824, "relative_strength": -9.82302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.489413, "energy": 15.327049, "activity_lines": [ 0.249806, 0.247201, 0.24518, 0.247551 ] }, { "date": "2024-06-21", "close": 0.250701, "volume": 212400, "typical_volume": 90840.0, "trend": 0.250082, "fair_value": 0.334086, "relative_strength": -11.083435, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.42687, "energy": 18.489441, "activity_lines": [ 0.250104, 0.248422, 0.245534, 0.247594 ] }, { "date": "2024-06-28", "close": 0.255178, "volume": 350000, "typical_volume": 108340.0, "trend": 0.250429, "fair_value": 0.333353, "relative_strength": -9.605218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.337362, "energy": 22.839577, "activity_lines": [ 0.251895, 0.250213, 0.246348, 0.247923 ] }, { "date": "2024-07-05", "close": 0.250701, "volume": 19000, "typical_volume": 109290.0, "trend": 0.250336, "fair_value": 0.332615, "relative_strength": -12.568674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.285352, "energy": 26.154981, "activity_lines": [ 0.251895, 0.250783, 0.246749, 0.24794 ] }, { "date": "2024-07-12", "close": 0.241748, "volume": 350400, "typical_volume": 125885.0, "trend": 0.249945, "fair_value": 0.331868, "relative_strength": -17.147829, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.425507, "energy": 14.239942, "activity_lines": [ 0.248911, 0.249399, 0.246331, 0.247386 ] }, { "date": "2024-07-19", "close": 0.232794, "volume": 288700, "typical_volume": 135950.0, "trend": 0.249255, "fair_value": 0.331087, "relative_strength": -18.33386, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.830005, "energy": 26.564845, "activity_lines": [ 0.242941, 0.246306, 0.245137, 0.24628 ] }, { "date": "2024-07-26", "close": 0.241748, "volume": 160400, "typical_volume": 140670.0, "trend": 0.248572, "fair_value": 0.330029, "relative_strength": -14.024295, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.994918, "energy": 25.912904, "activity_lines": [ 0.241449, 0.245166, 0.244924, 0.245796 ] }, { "date": "2024-08-02", "close": 0.237271, "volume": 341900, "typical_volume": 152995.0, "trend": 0.247739, "fair_value": 0.329014, "relative_strength": -13.782364, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.739156, "energy": 35.449502, "activity_lines": [ 0.239062, 0.243376, 0.244391, 0.245067 ] }, { "date": "2024-08-09", "close": 0.237271, "volume": 122000, "typical_volume": 154240.0, "trend": 0.246907, "fair_value": 0.327998, "relative_strength": -10.147745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.052113, "energy": 48.830818, "activity_lines": [ 0.237868, 0.241829, 0.243837, 0.244391 ] }, { "date": "2024-08-16", "close": 0.223841, "volume": 377900, "typical_volume": 172135.0, "trend": 0.245628, "fair_value": 0.327016, "relative_strength": -16.933491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.052663, "energy": 65.537518, "activity_lines": [ 0.233093, 0.238085, 0.242025, 0.242903 ] }, { "date": "2024-08-23", "close": 0.237271, "volume": 329700, "typical_volume": 188370.0, "trend": 0.244941, "fair_value": 0.326073, "relative_strength": -12.27231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.929515, "energy": 48.237705, "activity_lines": [ 0.233988, 0.237108, 0.241535, 0.242364 ] }, { "date": "2024-08-30", "close": 0.237271, "volume": 143200, "typical_volume": 195530.0, "trend": 0.244255, "fair_value": 0.325129, "relative_strength": -13.143465, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.69035, "energy": 39.835875, "activity_lines": [ 0.234585, 0.236457, 0.241044, 0.241869 ] }, { "date": "2024-09-06", "close": 0.232794, "volume": 52500, "typical_volume": 185855.0, "trend": 0.243419, "fair_value": 0.324109, "relative_strength": -14.44109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.672595, "energy": 37.61517, "activity_lines": [ 0.233988, 0.235236, 0.240128, 0.24113 ] }, { "date": "2024-09-13", "close": 0.241748, "volume": 115800, "typical_volume": 185640.0, "trend": 0.242882, "fair_value": 0.323051, "relative_strength": -13.292251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.924527, "energy": 17.459911, "activity_lines": [ 0.236674, 0.23605, 0.240064, 0.241022 ] }, { "date": "2024-09-20", "close": 0.241748, "volume": 80900, "typical_volume": 182035.0, "trend": 0.242345, "fair_value": 0.321992, "relative_strength": -14.236573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.401664, "energy": 14.318534, "activity_lines": [ 0.239062, 0.237027, 0.239957, 0.240949 ] }, { "date": "2024-09-27", "close": 0.250701, "volume": 126000, "typical_volume": 174865.0, "trend": 0.242046, "fair_value": 0.320944, "relative_strength": -9.201577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.77529, "energy": 15.733754, "activity_lines": [ 0.24324, 0.239631, 0.240682, 0.241488 ] }, { "date": "2024-10-04", "close": 0.250701, "volume": 0, "typical_volume": 163385.0, "trend": 0.241598, "fair_value": 0.319881, "relative_strength": -9.070535, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.934739, "energy": 30.628262, "activity_lines": [ 0.246523, 0.241911, 0.241407, 0.242046 ] }, { "date": "2024-10-11", "close": 0.241748, "volume": 417800, "typical_volume": 184275.0, "trend": 0.241897, "fair_value": 0.318736, "relative_strength": -11.379628, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.906419, "energy": 28.851936, "activity_lines": [ 0.245926, 0.242399, 0.241279, 0.242056 ] }, { "date": "2024-10-18", "close": 0.237271, "volume": 216500, "typical_volume": 189390.0, "trend": 0.241748, "fair_value": 0.317487, "relative_strength": -14.054856, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.574133, "energy": 15.610002, "activity_lines": [ 0.24324, 0.241992, 0.240767, 0.241757 ] }, { "date": "2024-10-25", "close": 0.241748, "volume": 131900, "typical_volume": 192275.0, "trend": 0.242046, "fair_value": 0.316317, "relative_strength": -10.752434, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.831896, "energy": 4.889743, "activity_lines": [ 0.242345, 0.242399, 0.240746, 0.241757 ] }, { "date": "2024-11-01", "close": 0.250701, "volume": 85500, "typical_volume": 196125.0, "trend": 0.242494, "fair_value": 0.315179, "relative_strength": -6.117216, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.991523, "energy": 11.911419, "activity_lines": [ 0.244434, 0.244108, 0.241577, 0.242316 ] }, { "date": "2024-11-08", "close": 0.247624, "volume": 181700, "typical_volume": 194590.0, "trend": 0.242839, "fair_value": 0.313997, "relative_strength": -11.003298, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.92766, "energy": 11.393134, "activity_lines": [ 0.245497, 0.245014, 0.242137, 0.242647 ] }, { "date": "2024-11-15", "close": 0.247624, "volume": 209500, "typical_volume": 187565.0, "trend": 0.243333, "fair_value": 0.312789, "relative_strength": -11.111237, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.418846, "energy": 27.169554, "activity_lines": [ 0.246766, 0.245731, 0.242711, 0.242955 ] }, { "date": "2024-11-22", "close": 0.252209, "volume": 10000, "typical_volume": 187115.0, "trend": 0.24398, "fair_value": 0.311661, "relative_strength": -9.188113, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.096217, "energy": 53.808983, "activity_lines": [ 0.249171, 0.247013, 0.243758, 0.243528 ] }, { "date": "2024-11-29", "close": 0.247624, "volume": 100000, "typical_volume": 174595.0, "trend": 0.244326, "fair_value": 0.310404, "relative_strength": -10.376844, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.616608, "energy": 41.660176, "activity_lines": [ 0.249052, 0.24727, 0.244361, 0.243763 ] }, { "date": "2024-12-06", "close": 0.247624, "volume": 0, "typical_volume": 160160.0, "trend": 0.244223, "fair_value": 0.309197, "relative_strength": -11.344297, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 27.168655, "energy": 36.491426, "activity_lines": [ 0.248541, 0.247421, 0.244936, 0.243976 ] }, { "date": "2024-12-13", "close": 0.252209, "volume": 113500, "typical_volume": 157815.0, "trend": 0.244273, "fair_value": 0.308069, "relative_strength": -9.681422, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.457868, "energy": 52.33443, "activity_lines": [ 0.249764, 0.248461, 0.245877, 0.244491 ] }, { "date": "2024-12-20", "close": 0.256795, "volume": 2600, "typical_volume": 140850.0, "trend": 0.244476, "fair_value": 0.306995, "relative_strength": -5.513997, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.170391, "energy": 59.299085, "activity_lines": [ 0.252209, 0.250308, 0.247206, 0.245299 ] }, { "date": "2024-12-27", "close": 0.252209, "volume": 4900, "typical_volume": 134995.0, "trend": 0.244527, "fair_value": 0.305867, "relative_strength": -8.13345, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.930798, "energy": 58.626437, "activity_lines": [ 0.252515, 0.251047, 0.248004, 0.245798 ] }, { "date": "2025-01-03", "close": 0.252209, "volume": 115800, "typical_volume": 121890.0, "trend": 0.244875, "fair_value": 0.304739, "relative_strength": -8.475989, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.70334, "energy": 54.758022, "activity_lines": [ 0.252821, 0.251515, 0.248731, 0.246294 ] }, { "date": "2025-01-10", "close": 0.252209, "volume": 0, "typical_volume": 105405.0, "trend": 0.244776, "fair_value": 0.303636, "relative_strength": -8.08375, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.429964, "energy": 50.742193, "activity_lines": [ 0.25282, 0.251792, 0.249323, 0.246767 ] }, { "date": "2025-01-17", "close": 0.279723, "volume": 216000, "typical_volume": 109045.0, "trend": 0.245744, "fair_value": 0.302765, "relative_strength": 1.962777, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.703234, "energy": 79.280046, "activity_lines": [ 0.261686, 0.257045, 0.252465, 0.249021 ] }, { "date": "2025-01-24", "close": 0.275137, "volume": 29200, "typical_volume": 107880.0, "trend": 0.246409, "fair_value": 0.301916, "relative_strength": 0.712973, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.551168, "energy": 90.003538, "activity_lines": [ 0.267189, 0.26088, 0.254967, 0.250918 ] }, { "date": "2025-01-31", "close": 0.270552, "volume": 16900, "typical_volume": 102935.0, "trend": 0.247071, "fair_value": 0.301166, "relative_strength": -2.002857, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.467129, "energy": 87.595625, "activity_lines": [ 0.26994, 0.263381, 0.256831, 0.252475 ] }, { "date": "2025-02-07", "close": 0.270552, "volume": 0, "typical_volume": 98890.0, "trend": 0.248031, "fair_value": 0.300261, "relative_strength": -1.825887, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.807154, "energy": 87.806854, "activity_lines": [ 0.271469, 0.265549, 0.258558, 0.25399 ] }, { "date": "2025-02-14", "close": 0.265966, "volume": 9500, "typical_volume": 93065.0, "trend": 0.249137, "fair_value": 0.299405, "relative_strength": -3.592994, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.903979, "energy": 85.391137, "activity_lines": [ 0.270246, 0.266466, 0.259711, 0.255147 ] }, { "date": "2025-02-21", "close": 0.275137, "volume": 10400, "typical_volume": 93585.0, "trend": 0.25025, "fair_value": 0.298709, "relative_strength": -1.307286, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.507401, "energy": 65.448491, "activity_lines": [ 0.271163, 0.268717, 0.261665, 0.256825 ] }, { "date": "2025-02-28", "close": 0.268542, "volume": 10200, "typical_volume": 73205.0, "trend": 0.251292, "fair_value": 0.297972, "relative_strength": -2.459503, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.91074, "energy": 52.870936, "activity_lines": [ 0.270187, 0.269353, 0.262875, 0.258005 ] }, { "date": "2025-03-07", "close": 0.259119, "volume": 57300, "typical_volume": 65245.0, "trend": 0.25202, "fair_value": 0.297148, "relative_strength": -5.879489, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.874968, "energy": 32.631126, "activity_lines": [ 0.266511, 0.268061, 0.263059, 0.25851 ] }, { "date": "2025-03-14", "close": 0.26383, "volume": 350100, "typical_volume": 76155.0, "trend": 0.253353, "fair_value": 0.296354, "relative_strength": -2.085289, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.635548, "energy": 25.204808, "activity_lines": [ 0.265166, 0.2675, 0.263588, 0.259272 ] }, { "date": "2025-03-21", "close": 0.26383, "volume": 186500, "typical_volume": 81205.0, "trend": 0.254238, "fair_value": 0.295509, "relative_strength": -4.132187, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.436376, "energy": 21.081323, "activity_lines": [ 0.26427, 0.266728, 0.264012, 0.259948 ] }, { "date": "2025-03-28", "close": 0.26383, "volume": 14700, "typical_volume": 72855.0, "trend": 0.255124, "fair_value": 0.29469, "relative_strength": -5.091031, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.106393, "energy": 21.02589, "activity_lines": [ 0.263516, 0.265744, 0.264373, 0.260567 ] }, { "date": "2025-04-04", "close": 0.26383, "volume": 42900, "typical_volume": 64525.0, "trend": 0.256158, "fair_value": 0.293871, "relative_strength": -1.325779, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.256851, "energy": 16.184293, "activity_lines": [ 0.263516, 0.26505, 0.264657, 0.261128 ] }, { "date": "2025-04-11", "close": 0.254408, "volume": 126500, "typical_volume": 70350.0, "trend": 0.25658, "fair_value": 0.29294, "relative_strength": 3.67598, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.273688, "energy": 10.351497, "activity_lines": [ 0.260689, 0.262848, 0.263967, 0.261015 ] }, { "date": "2025-04-18", "close": 0.254408, "volume": 0, "typical_volume": 65350.0, "trend": 0.257002, "fair_value": 0.292035, "relative_strength": -1.982582, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -10.546672, "energy": 25.499974, "activity_lines": [ 0.258177, 0.26094, 0.263266, 0.260875 ] }, { "date": "2025-04-25", "close": 0.254408, "volume": 0, "typical_volume": 65350.0, "trend": 0.257126, "fair_value": 0.291258, "relative_strength": -4.517563, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.531202, "energy": 49.981399, "activity_lines": [ 0.256292, 0.259325, 0.262533, 0.260708 ] }, { "date": "2025-05-02", "close": 0.254408, "volume": 200, "typical_volume": 59685.0, "trend": 0.257249, "fair_value": 0.290481, "relative_strength": -4.89334, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.171832, "energy": 57.485755, "activity_lines": [ 0.255036, 0.25792, 0.261768, 0.260532 ] }, { "date": "2025-05-09", "close": 0.259119, "volume": 2300, "typical_volume": 59670.0, "trend": 0.257829, "fair_value": 0.289939, "relative_strength": -3.658798, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.033396, "energy": 45.935774, "activity_lines": [ 0.255978, 0.257749, 0.26144, 0.260653 ] }, { "date": "2025-05-16", "close": 0.273253, "volume": 46000, "typical_volume": 61725.0, "trend": 0.259028, "fair_value": 0.289231, "relative_strength": 1.186258, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 47.989104, "energy": 23.010193, "activity_lines": [ 0.261946, 0.260318, 0.262448, 0.261648 ] }, { "date": "2025-05-23", "close": 0.273253, "volume": 118300, "typical_volume": 61850.0, "trend": 0.260078, "fair_value": 0.288575, "relative_strength": 1.736017, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.914834, "energy": 44.981921, "activity_lines": [ 0.266657, 0.262631, 0.263356, 0.262566 ] }, { "date": "2025-05-30", "close": 0.268542, "volume": 35900, "typical_volume": 63645.0, "trend": 0.260673, "fair_value": 0.287889, "relative_strength": -0.159255, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 55.017668, "energy": 48.250953, "activity_lines": [ 0.268542, 0.263916, 0.263714, 0.263112 ] }, { "date": "2025-06-06", "close": 0.273253, "volume": 138200, "typical_volume": 59755.0, "trend": 0.261527, "fair_value": 0.287232, "relative_strength": 0.655229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.803279, "energy": 68.777768, "activity_lines": [ 0.271054, 0.265972, 0.264444, 0.263924 ] }, { "date": "2025-06-13", "close": 0.277964, "volume": 51700, "typical_volume": 60880.0, "trend": 0.262538, "fair_value": 0.286632, "relative_strength": 3.170953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.223789, "energy": 88.595453, "activity_lines": [ 0.273881, 0.268713, 0.265653, 0.264984 ] }, { "date": "2025-06-20", "close": 0.282675, "volume": 85000, "typical_volume": 64285.0, "trend": 0.263554, "fair_value": 0.285985, "relative_strength": 5.765546, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.889846, "energy": 95.849902, "activity_lines": [ 0.277022, 0.272054, 0.267297, 0.266283 ] }, { "date": "2025-06-27", "close": 0.292098, "volume": 70700, "typical_volume": 67820.0, "trend": 0.265036, "fair_value": 0.285321, "relative_strength": 7.097818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.073291, "energy": 96.535428, "activity_lines": [ 0.282675, 0.276594, 0.269781, 0.268125 ] }, { "date": "2025-07-04", "close": 0.30152, "volume": 209800, "typical_volume": 77835.0, "trend": 0.266833, "fair_value": 0.284897, "relative_strength": 9.1967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.912222, "energy": 92.387879, "activity_lines": [ 0.290213, 0.282161, 0.27306, 0.270478 ] }, { "date": "2025-07-11", "close": 0.292098, "volume": 69500, "typical_volume": 80790.0, "trend": 0.268163, "fair_value": 0.284311, "relative_strength": 3.796668, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.19353, "energy": 74.725413, "activity_lines": [ 0.292412, 0.285159, 0.275272, 0.272108 ] }, { "date": "2025-07-18", "close": 0.292098, "volume": 116700, "typical_volume": 86115.0, "trend": 0.269339, "fair_value": 0.283673, "relative_strength": 1.215133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.287299, "energy": 61.538315, "activity_lines": [ 0.293354, 0.287472, 0.277403, 0.273653 ] }, { "date": "2025-07-25", "close": 0.30152, "volume": 171600, "typical_volume": 91830.0, "trend": 0.270983, "fair_value": 0.283172, "relative_strength": 2.719343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.640446, "energy": 62.819481, "activity_lines": [ 0.296495, 0.290899, 0.28032, 0.275729 ] }, { "date": "2025-08-01", "close": 0.325077, "volume": 1178600, "typical_volume": 133255.0, "trend": 0.273412, "fair_value": 0.282848, "relative_strength": 13.347368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.242159, "energy": 68.19108, "activity_lines": [ 0.306232, 0.298094, 0.285278, 0.279219 ] }, { "date": "2025-08-08", "close": 0.320365, "volume": 167000, "typical_volume": 132280.0, "trend": 0.275684, "fair_value": 0.282698, "relative_strength": 9.352737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.037998, "energy": 67.932076, "activity_lines": [ 0.312199, 0.30349, 0.289495, 0.282248 ] }, { "date": "2025-08-15", "close": 0.310943, "volume": 116200, "typical_volume": 137355.0, "trend": 0.276725, "fair_value": 0.282489, "relative_strength": 6.170847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.108425, "energy": 71.487226, "activity_lines": [ 0.31377, 0.306232, 0.292547, 0.284523 ] }, { "date": "2025-08-22", "close": 0.306232, "volume": 109000, "typical_volume": 140660.0, "trend": 0.277761, "fair_value": 0.282095, "relative_strength": 3.952453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.213868, "energy": 59.909864, "activity_lines": [ 0.312513, 0.307431, 0.294925, 0.286427 ] }, { "date": "2025-08-29", "close": 0.310943, "volume": 157600, "typical_volume": 142215.0, "trend": 0.279107, "fair_value": 0.28186, "relative_strength": 5.025267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.797847, "energy": 52.181, "activity_lines": [ 0.311885, 0.308973, 0.297549, 0.288567 ] }, { "date": "2025-09-05", "close": 0.310943, "volume": 221900, "typical_volume": 153310.0, "trend": 0.280454, "fair_value": 0.281624, "relative_strength": 3.975248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.068258, "energy": 43.571089, "activity_lines": [ 0.310629, 0.310001, 0.299905, 0.290621 ] }, { "date": "2025-09-12", "close": 0.325077, "volume": 1213900, "typical_volume": 214005.0, "trend": 0.282424, "fair_value": 0.281505, "relative_strength": 7.563908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.086375, "energy": 49.5073, "activity_lines": [ 0.315026, 0.313256, 0.303338, 0.2935 ] }, { "date": "2025-09-19", "close": 0.334499, "volume": 272500, "typical_volume": 227620.0, "trend": 0.284403, "fair_value": 0.281498, "relative_strength": 11.409593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.387725, "energy": 56.71701, "activity_lines": [ 0.32225, 0.317796, 0.307331, 0.29686 ] }, { "date": "2025-09-26", "close": 0.343922, "volume": 592100, "typical_volume": 257110.0, "trend": 0.286916, "fair_value": 0.281602, "relative_strength": 15.202176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.101923, "energy": 75.27009, "activity_lines": [ 0.331044, 0.323278, 0.31184, 0.3007 ] }, { "date": "2025-10-03", "close": 0.343922, "volume": 168000, "typical_volume": 263210.0, "trend": 0.289742, "fair_value": 0.281706, "relative_strength": 11.143229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.143762, "energy": 89.842399, "activity_lines": [ 0.337326, 0.327818, 0.315946, 0.304378 ] }, { "date": "2025-10-10", "close": 0.33921, "volume": 249600, "typical_volume": 269775.0, "trend": 0.292255, "fair_value": 0.281908, "relative_strength": 8.978109, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.278461, "energy": 86.036902, "activity_lines": [ 0.339839, 0.33073, 0.319266, 0.307569 ] }, { "date": "2025-10-17", "close": 0.329788, "volume": 300100, "typical_volume": 282985.0, "trend": 0.294454, "fair_value": 0.282357, "relative_strength": 8.027779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.521426, "energy": 74.749521, "activity_lines": [ 0.337326, 0.331672, 0.321375, 0.309991 ] }, { "date": "2025-10-24", "close": 0.329788, "volume": 561500, "typical_volume": 304150.0, "trend": 0.296652, "fair_value": 0.282524, "relative_strength": 5.539003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.27023, "energy": 51.153318, "activity_lines": [ 0.334499, 0.332443, 0.323192, 0.31227 ] }, { "date": "2025-10-31", "close": 0.33138, "volume": 488800, "typical_volume": 326005.0, "trend": 0.298904, "fair_value": 0.282638, "relative_strength": 5.770773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.647165, "energy": 41.939524, "activity_lines": [ 0.332517, 0.333161, 0.324892, 0.314511 ] }, { "date": "2025-11-07", "close": 0.341127, "volume": 146100, "typical_volume": 329060.0, "trend": 0.301794, "fair_value": 0.282999, "relative_strength": 7.064822, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.64737, "energy": 42.836879, "activity_lines": [ 0.33462, 0.335194, 0.327265, 0.317235 ] }, { "date": "2025-11-14", "close": 0.33138, "volume": 121800, "typical_volume": 331615.0, "trend": 0.30436, "fair_value": 0.283325, "relative_strength": 2.585915, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.405467, "energy": 34.55713, "activity_lines": [ 0.333661, 0.334906, 0.328432, 0.319144 ] }, { "date": "2025-11-21", "close": 0.33138, "volume": 46400, "typical_volume": 323445.0, "trend": 0.306926, "fair_value": 0.28365, "relative_strength": 4.159489, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.355217, "energy": 32.80706, "activity_lines": [ 0.333223, 0.334246, 0.329412, 0.320887 ] }, { "date": "2025-11-28", "close": 0.33138, "volume": 25300, "typical_volume": 321235.0, "trend": 0.309492, "fair_value": 0.283976, "relative_strength": 2.702338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.982442, "energy": 30.737657, "activity_lines": [ 0.33268, 0.333471, 0.33025, 0.322464 ] }, { "date": "2025-12-05", "close": 0.33138, "volume": 161900, "typical_volume": 323495.0, "trend": 0.3119, "fair_value": 0.284196, "relative_strength": 2.316672, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.214734, "energy": 23.394727, "activity_lines": [ 0.33203, 0.332753, 0.3309, 0.323877 ] }, { "date": "2025-12-12", "close": 0.341127, "volume": 3700, "typical_volume": 315100.0, "trend": 0.314163, "fair_value": 0.284451, "relative_strength": 3.832311, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.768647, "energy": 36.929213, "activity_lines": [ 0.334629, 0.334036, 0.332292, 0.325762 ] }, { "date": "2025-12-19", "close": 0.341127, "volume": 26200, "typical_volume": 257480.0, "trend": 0.316425, "fair_value": 0.284628, "relative_strength": 4.054198, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.818027, "energy": 42.421074, "activity_lines": [ 0.337228, 0.335369, 0.333495, 0.327502 ] }, { "date": "2025-12-26", "close": 0.341127, "volume": 21800, "typical_volume": 250220.0, "trend": 0.318845, "fair_value": 0.284751, "relative_strength": 2.380436, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.700827, "energy": 52.834866, "activity_lines": [ 0.339178, 0.336668, 0.334622, 0.329095 ] }, { "date": "2026-01-02", "close": 0.350873, "volume": 137900, "typical_volume": 251305.0, "trend": 0.321432, "fair_value": 0.284937, "relative_strength": 4.601365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.139073, "energy": 75.201298, "activity_lines": [ 0.343726, 0.339532, 0.336578, 0.331162 ] }, { "date": "2026-01-09", "close": 0.350873, "volume": 86200, "typical_volume": 250165.0, "trend": 0.323862, "fair_value": 0.285123, "relative_strength": 2.441368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.42634, "energy": 78.221469, "activity_lines": [ 0.346975, 0.342013, 0.338344, 0.333061 ] }, { "date": "2026-01-16", "close": 0.36062, "volume": 246000, "typical_volume": 254585.0, "trend": 0.326461, "fair_value": 0.285319, "relative_strength": 2.992955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.863065, "energy": 84.276293, "activity_lines": [ 0.352173, 0.345911, 0.340826, 0.335433 ] }, { "date": "2026-01-23", "close": 0.365493, "volume": 138800, "typical_volume": 250430.0, "trend": 0.328907, "fair_value": 0.285546, "relative_strength": 3.414892, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.442865, "energy": 88.292675, "activity_lines": [ 0.357696, 0.350342, 0.343535, 0.337951 ] }, { "date": "2026-01-30", "close": 0.370366, "volume": 74700, "typical_volume": 193470.0, "trend": 0.331202, "fair_value": 0.285804, "relative_strength": 4.353157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.972694, "energy": 91.165048, "activity_lines": [ 0.363219, 0.355038, 0.346449, 0.340626 ] }, { "date": "2026-02-06", "close": 0.36062, "volume": 79900, "typical_volume": 183840.0, "trend": 0.333486, "fair_value": 0.286052, "relative_strength": 0.923295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.974703, "energy": 80.528566, "activity_lines": [ 0.363544, 0.357253, 0.348218, 0.342524 ] }, { "date": "2026-02-13", "close": 0.355746, "volume": 18300, "typical_volume": 155150.0, "trend": 0.335608, "fair_value": 0.286163, "relative_strength": -0.599853, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.729631, "energy": 66.554819, "activity_lines": [ 0.361594, 0.35805, 0.3494, 0.34396 ] }, { "date": "2026-02-20", "close": 0.370366, "volume": 900, "typical_volume": 146795.0, "trend": 0.337902, "fair_value": 0.286369, "relative_strength": 1.736269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.276171, "energy": 61.750645, "activity_lines": [ 0.364193, 0.361063, 0.351917, 0.346202 ] }, { "date": "2026-02-27", "close": 0.346, "volume": 192600, "typical_volume": 143945.0, "trend": 0.3386, "fair_value": 0.286363, "relative_strength": -4.53665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.937677, "energy": 30.271365, "activity_lines": [ 0.358021, 0.359113, 0.351988, 0.346725 ] }, { "date": "2026-03-06", "close": 0.345, "volume": 49200, "typical_volume": 131400.0, "trend": 0.339421, "fair_value": 0.286351, "relative_strength": -2.05886, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.09673, "energy": 18.82027, "activity_lines": [ 0.352814, 0.356894, 0.351931, 0.347138 ] }, { "date": "2026-03-13", "close": 0.35, "volume": 46000, "typical_volume": 105625.0, "trend": 0.340723, "fair_value": 0.286426, "relative_strength": -0.608876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.155785, "energy": 18.692699, "activity_lines": [ 0.350965, 0.355513, 0.352278, 0.34782 ] }, { "date": "2026-03-20", "close": 0.365, "volume": 276500, "typical_volume": 95010.0, "trend": 0.342682, "fair_value": 0.286868, "relative_strength": 1.242418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.872092, "energy": 24.014551, "activity_lines": [ 0.354824, 0.356875, 0.353957, 0.349386 ] }, { "date": "2026-03-27", "close": 0.37, "volume": 37200, "typical_volume": 89565.0, "trend": 0.34465, "fair_value": 0.287342, "relative_strength": 3.442264, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.203796, "energy": 32.228095, "activity_lines": [ 0.359733, 0.358889, 0.355952, 0.351149 ] }, { "date": "2026-04-03", "close": 0.37, "volume": 100, "typical_volume": 83480.0, "trend": 0.346619, "fair_value": 0.287761, "relative_strength": 2.254212, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.129497, "energy": 48.280139, "activity_lines": [ 0.364667, 0.360733, 0.35781, 0.352784 ] }, { "date": "2026-04-10", "close": 0.38, "volume": 35200, "typical_volume": 82920.0, "trend": 0.34845, "fair_value": 0.288272, "relative_strength": 4.033604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.77655, "energy": 72.847832, "activity_lines": [ 0.371333, 0.364313, 0.360436, 0.354938 ] }, { "date": "2026-04-17", "close": 0.385, "volume": 64200, "typical_volume": 84865.0, "trend": 0.350133, "fair_value": 0.288815, "relative_strength": 4.984273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.690231, "energy": 82.470767, "activity_lines": [ 0.377333, 0.368627, 0.363307, 0.357296 ] }, { "date": "2026-04-24", "close": 0.37, "volume": 17900, "typical_volume": 77665.0, "trend": 0.351002, "fair_value": 0.289262, "relative_strength": 2.201475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.847801, "energy": 73.640706, "activity_lines": [ 0.376, 0.36977, 0.364494, 0.358578 ] }, { "date": "2026-05-01", "close": 0.38, "volume": 243100, "typical_volume": 89635.0, "trend": 0.352205, "fair_value": 0.289475, "relative_strength": 4.874163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.626424, "energy": 65.412361, "activity_lines": [ 0.377667, 0.372473, 0.36645, 0.360448 ] }, { "date": "2026-05-08", "close": 0.375, "volume": 76600, "typical_volume": 92155.0, "trend": 0.353398, "fair_value": 0.289655, "relative_strength": 3.049607, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.387064, "energy": 43.474256, "activity_lines": [ 0.377, 0.374091, 0.367744, 0.361919 ] }, { "date": "2026-05-15", "close": 0.39, "volume": 16200, "typical_volume": 91875.0, "trend": 0.355405, "fair_value": 0.290041, "relative_strength": 5.507083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.960182, "energy": 47.626116, "activity_lines": [ 0.381, 0.377909, 0.370305, 0.364281 ] }, { "date": "2026-05-22", "close": 0.39, "volume": 54000, "typical_volume": 87680.0, "trend": 0.357412, "fair_value": 0.290372, "relative_strength": 3.684247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.587792, "energy": 50.965019, "activity_lines": [ 0.384333, 0.380909, 0.372634, 0.366512 ] }, { "date": "2026-05-29", "close": 0.38, "volume": 32000, "typical_volume": 84970.0, "trend": 0.359033, "fair_value": 0.290638, "relative_strength": 1.462817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.890796, "energy": 44.423448, "activity_lines": [ 0.384, 0.381364, 0.373824, 0.36797 ] }, { "date": "2026-06-05", "close": 0.365, "volume": 23900, "typical_volume": 73865.0, "trend": 0.359829, "fair_value": 0.290809, "relative_strength": -2.846772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.576091, "energy": 28.041198, "activity_lines": [ 0.378, 0.378818, 0.373447, 0.368355 ] }, { "date": "2026-06-12", "close": 0.355, "volume": 0, "typical_volume": 66925.0, "trend": 0.360616, "fair_value": 0.290482, "relative_strength": -5.043728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.962288, "energy": 11.89364, "activity_lines": [ 0.369667, 0.374545, 0.372097, 0.368043 ] }, { "date": "2026-06-19", "close": 0.38, "volume": 3000, "typical_volume": 63340.0, "trend": 0.362237, "fair_value": 0.290803, "relative_strength": -1.633528, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.731949, "energy": 23.626661, "activity_lines": [ 0.371, 0.375091, 0.373177, 0.369294 ] }, { "date": "2026-06-26", "close": 0.375, "volume": 300, "typical_volume": 59360.0, "trend": 0.363691, "fair_value": 0.291011, "relative_strength": -2.874118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.916585, "energy": 21.05471, "activity_lines": [ 0.371333, 0.374727, 0.373736, 0.370117 ] }, { "date": "2026-07-03", "close": 0.375, "volume": 1200, "typical_volume": 58505.0, "trend": 0.365145, "fair_value": 0.291273, "relative_strength": -3.757508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.857082, "energy": 15.766559, "activity_lines": [ 0.372667, 0.374545, 0.374226, 0.370847 ] }, { "date": "2026-07-10", "close": 0.385, "volume": 7800, "typical_volume": 58850.0, "trend": 0.366607, "fair_value": 0.291599, "relative_strength": -5.229852, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.501749, "energy": 32.679294, "activity_lines": [ 0.377667, 0.376091, 0.375576, 0.372128 ] }, { "date": "2026-07-17", "close": 0.395, "volume": 34600, "typical_volume": 50950.0, "trend": 0.368403, "fair_value": 0.291908, "relative_strength": -3.525993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.999542, "energy": 56.255357, "activity_lines": [ 0.384667, 0.379364, 0.37781, 0.37396 ] }, { "date": "2026-07-24", "close": 0.395, "volume": 49300, "typical_volume": 50955.0, "trend": 0.370199, "fair_value": 0.292216, "relative_strength": -4.886305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.960862, "energy": 67.606879, "activity_lines": [ 0.389, 0.382273, 0.37981, 0.375676 ] }, { "date": "2026-07-31", "close": 0.34, "volume": 779400, "typical_volume": 87625.0, "trend": 0.369836, "fair_value": 0.292173, "relative_strength": -18.336866, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -3.327643, "energy": 5.521273, "activity_lines": [ 0.374, 0.375091, 0.376333, 0.373727 ] }, { "date": "2026-08-07", "close": 0.345, "volume": 238400, "typical_volume": 85720.0, "trend": 0.36964, "fair_value": 0.292378, "relative_strength": -17.832022, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.981312, "energy": 35.750098, "activity_lines": [ 0.363, 0.369727, 0.373381, 0.372125 ] } ], "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." } } }