{ "ticker": { "uuid": "512cd498-6a07-4c82-a0fc-bf84252dd2c5", "symbol": "3091", "name": "Al Jouf Cement Company", "exchange": "SAU", "country": "SA", "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": "^TASI.SR", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -52.044, "architecture_energy": 34.997, "architecture_maturity": 76.201, "architecture_confidence": 95.524, "architecture_tenure": "Extended", "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": 38.13, "rotation_up": 20.62, "upward_expansion": 3.62, "deceleration": 50.76, "rotation_down": 48.46, "downward_expansion": 74.62 }, "activity_lines": [ 4.922, 4.952182, 4.980714, 5.053785 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 4.97, "trend_reference": 5.258333, "distance_from_trend": -0.054834, "trend_direction": "Weakening", "fair_value": 9.124872, "distance_from_fair_value": -0.455335, "fair_value_direction": "Weakening", "relative_strength": -14.179179, "relative_strength_direction": "Improving", "price_momentum": -0.177152, "excess_performance": -0.145323, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.054834, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.095366, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.455335, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.020278, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.141792, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.021627, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.177152, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.466195, "read": "Supply-led" } ], "volume": { "latest": 1370518, "relative_activity": 1.038901, "balance": 0.466195, "dry_up": 0.611236, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.039932, "annualized_volatility": 0.251037, "from_high_reference": -0.315427, "from_low_reference": 0.061966 }, "levels": { "trend_reference": 5.258333, "fair_value_reference": 9.124872, "structural_low": 4.68, "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": 46, "median_return": -0.014531, "positive_rate": 0.347826, "directional_follow_through": 0.630435, "median_excess_return": -0.018282, "regime_survival": 0.869565, "best_return": 0.169982, "worst_return": -0.166667, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.052991, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.025058, "regime_survival": 0.733333, "best_return": 0.106931, "worst_return": -0.249151, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.066045, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.070708, "regime_survival": 0.5, "best_return": 0.063333, "worst_return": -0.240429, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.182391, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.21596, "regime_survival": 0.75, "best_return": -0.041667, "worst_return": -0.319253, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-03-03", "end": "2023-03-24", "tenure": "New", "return": -0.056716, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-03-31", "end": "2023-07-07", "tenure": "Established", "return": 0.02381, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-14", "end": "2023-07-28", "tenure": "New", "return": -0.020668, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-08-04", "end": "2023-12-08", "tenure": "Established", "return": 0.023026, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-15", "end": "2024-01-05", "tenure": "New", "return": -0.036977, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-12", "end": "2024-02-09", "tenure": "Developing", "return": -0.029801, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-16", "end": "2025-01-17", "tenure": "Extended", "return": -0.046154, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-24", "end": "2025-01-31", "tenure": "New", "return": -0.069767, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.122549, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-04-25", "tenure": "Developing", "return": -0.044933, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": -0.060389, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-23", "end": "2025-10-31", "tenure": "Established", "return": -0.207248, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.013235, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-08-07", "tenure": "Extended", "return": -0.238897, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 12.16, "volume": 580941, "typical_volume": 331775.3, "trend": 12.807333, "fair_value": 14.261393, "relative_strength": -4.123458, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.146788, "energy": 63.721641, "activity_lines": [ 12.384, 12.545091, 12.635333, 12.731011 ] }, { "date": "2023-08-11", "close": 12.12, "volume": 851945, "typical_volume": 373622.55, "trend": 12.818667, "fair_value": 14.262753, "relative_strength": -4.785285, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.110892, "energy": 67.166215, "activity_lines": [ 12.257333, 12.450545, 12.581238, 12.686667 ] }, { "date": "2023-08-18", "close": 12.64, "volume": 2669109, "typical_volume": 506000.65, "trend": 12.806667, "fair_value": 14.267193, "relative_strength": -0.988324, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.141657, "energy": 55.331806, "activity_lines": [ 12.356, 12.466545, 12.581619, 12.67514 ] }, { "date": "2023-08-25", "close": 12.3, "volume": 740130, "typical_volume": 542922.9, "trend": 12.793333, "fair_value": 14.269031, "relative_strength": -3.267287, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.517916, "energy": 45.843812, "activity_lines": [ 12.337333, 12.419636, 12.549619, 12.642452 ] }, { "date": "2023-09-01", "close": 12.16, "volume": 509540, "typical_volume": 568022.1, "trend": 12.767333, "fair_value": 14.26837, "relative_strength": -5.077488, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.944475, "energy": 40.523684, "activity_lines": [ 12.288, 12.352364, 12.505714, 12.601591 ] }, { "date": "2023-09-08", "close": 12.06, "volume": 585798, "typical_volume": 596278.6, "trend": 12.738667, "fair_value": 14.267321, "relative_strength": -3.623397, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.979771, "energy": 41.947274, "activity_lines": [ 12.216, 12.28, 12.455238, 12.555957 ] }, { "date": "2023-09-15", "close": 12.0, "volume": 410373, "typical_volume": 616462.0, "trend": 12.694, "fair_value": 14.265381, "relative_strength": -3.734094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.654067, "energy": 61.496355, "activity_lines": [ 12.130667, 12.211273, 12.401524, 12.508301 ] }, { "date": "2023-09-22", "close": 11.88, "volume": 278450, "typical_volume": 629871.0, "trend": 12.641333, "fair_value": 14.260479, "relative_strength": -3.096754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.451423, "energy": 72.104506, "activity_lines": [ 12.013333, 12.137091, 12.339238, 12.455785 ] }, { "date": "2023-09-29", "close": 11.8, "volume": 336771, "typical_volume": 646512.55, "trend": 12.578, "fair_value": 14.253124, "relative_strength": -4.767067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.76803, "energy": 74.761595, "activity_lines": [ 11.92, 12.061091, 12.273524, 12.401505 ] }, { "date": "2023-10-06", "close": 11.6, "volume": 419942, "typical_volume": 666772.7, "trend": 12.518, "fair_value": 14.243475, "relative_strength": -3.992503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.041553, "energy": 79.235252, "activity_lines": [ 11.793333, 11.962182, 12.192571, 12.338409 ] }, { "date": "2023-10-13", "close": 11.2, "volume": 460493, "typical_volume": 689156.65, "trend": 12.450667, "fair_value": 14.226538, "relative_strength": -5.870568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.368507, "energy": 88.815423, "activity_lines": [ 11.570667, 11.803636, 12.079905, 12.253376 ] }, { "date": "2023-10-20", "close": 11.02, "volume": 554500, "typical_volume": 715325.2, "trend": 12.379333, "fair_value": 14.204062, "relative_strength": -8.061917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.706552, "energy": 93.230832, "activity_lines": [ 11.345333, 11.629818, 11.957238, 12.161075 ] }, { "date": "2023-10-27", "close": 11.3, "volume": 935057, "typical_volume": 761477.55, "trend": 12.334667, "fair_value": 14.175283, "relative_strength": -3.662095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.040108, "energy": 83.374803, "activity_lines": [ 11.278667, 11.526909, 11.870667, 12.091441 ] }, { "date": "2023-11-03", "close": 11.5, "volume": 537997, "typical_volume": 787830.75, "trend": 12.298, "fair_value": 14.144413, "relative_strength": -6.027395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.532581, "energy": 67.363334, "activity_lines": [ 11.317333, 11.484727, 11.809238, 12.037591 ] }, { "date": "2023-11-10", "close": 12.44, "volume": 1456059, "typical_volume": 860033.55, "trend": 12.286667, "fair_value": 14.124629, "relative_strength": 1.546907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.682367, "energy": 25.434362, "activity_lines": [ 11.689333, 11.628, 11.842476, 12.046753 ] }, { "date": "2023-11-17", "close": 11.98, "volume": 584465, "typical_volume": 841415.15, "trend": 12.266667, "fair_value": 14.113535, "relative_strength": -4.455535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.155533, "energy": 23.442516, "activity_lines": [ 11.852, 11.682545, 11.834, 12.026968 ] }, { "date": "2023-11-24", "close": 12.0, "volume": 593042, "typical_volume": 802095.05, "trend": 12.246667, "fair_value": 14.102571, "relative_strength": -4.27254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.660913, "energy": 26.35569, "activity_lines": [ 11.969333, 11.742182, 11.831619, 12.009763 ] }, { "date": "2023-12-01", "close": 12.38, "volume": 527095, "typical_volume": 740192.6, "trend": 12.234, "fair_value": 14.086957, "relative_strength": -2.191693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.777156, "energy": 25.783219, "activity_lines": [ 12.148, 11.870909, 11.869714, 12.018366 ] }, { "date": "2023-12-08", "close": 12.44, "volume": 1481308, "typical_volume": 765915.15, "trend": 12.228667, "fair_value": 14.069872, "relative_strength": -2.178791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 25.216872, "energy": 30.014088, "activity_lines": [ 12.274667, 12.001455, 11.914476, 12.031656 ] }, { "date": "2023-12-15", "close": 12.44, "volume": 521737, "typical_volume": 751737.6, "trend": 12.212, "fair_value": 14.051774, "relative_strength": -4.798056, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.808738, "energy": 32.836209, "activity_lines": [ 12.338667, 12.120364, 11.959714, 12.04529 ] }, { "date": "2023-12-22", "close": 12.32, "volume": 447493, "typical_volume": 745065.2, "trend": 12.199333, "fair_value": 14.03392, "relative_strength": -6.290544, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.666797, "energy": 35.268363, "activity_lines": [ 12.362667, 12.202182, 11.992952, 12.052258 ] }, { "date": "2023-12-29", "close": 12.28, "volume": 599332, "typical_volume": 732434.55, "trend": 12.175333, "fair_value": 14.016147, "relative_strength": -8.926552, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.364317, "energy": 27.54217, "activity_lines": [ 12.350667, 12.256364, 12.021619, 12.057462 ] }, { "date": "2024-01-05", "close": 11.98, "volume": 1174897, "typical_volume": 657723.95, "trend": 12.155333, "fair_value": 13.997631, "relative_strength": -12.610733, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 0.668761, "energy": 8.965751, "activity_lines": [ 12.22, 12.233091, 12.020952, 12.04486 ] }, { "date": "2024-01-12", "close": 12.08, "volume": 1167102, "typical_volume": 679072.55, "trend": 12.138667, "fair_value": 13.9806, "relative_strength": -11.484516, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.284642, "energy": 4.853426, "activity_lines": [ 12.149333, 12.215636, 12.032952, 12.04 ] }, { "date": "2024-01-19", "close": 11.72, "volume": 638861, "typical_volume": 685538.6, "trend": 12.1, "fair_value": 13.961599, "relative_strength": -12.651929, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.564398, "energy": 19.421087, "activity_lines": [ 11.982667, 12.122182, 12.011714, 12.012989 ] }, { "date": "2024-01-26", "close": 11.84, "volume": 300361, "typical_volume": 671266.75, "trend": 12.066, "fair_value": 13.944716, "relative_strength": -12.905322, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.142904, "energy": 26.581896, "activity_lines": [ 11.904, 12.063636, 12.004, 11.996215 ] }, { "date": "2024-02-02", "close": 11.6, "volume": 821060, "typical_volume": 691801.1, "trend": 12.022667, "fair_value": 13.922921, "relative_strength": -12.565699, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.464967, "energy": 38.279488, "activity_lines": [ 11.777333, 11.964, 11.974476, 11.966151 ] }, { "date": "2024-02-09", "close": 11.72, "volume": 590260, "typical_volume": 707391.6, "trend": 11.994, "fair_value": 13.902233, "relative_strength": -13.380408, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.16856, "energy": 48.115466, "activity_lines": [ 11.736, 11.893455, 11.958286, 11.946624 ] }, { "date": "2024-02-16", "close": 11.7, "volume": 1326699, "typical_volume": 756888.0, "trend": 11.966, "fair_value": 13.881585, "relative_strength": -14.972763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.89876, "energy": 51.625168, "activity_lines": [ 11.705333, 11.831273, 11.940952, 11.927656 ] }, { "date": "2024-02-23", "close": 12.02, "volume": 1332348, "typical_volume": 802508.3, "trend": 11.956, "fair_value": 13.866194, "relative_strength": -13.190811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.096741, "energy": 28.788626, "activity_lines": [ 11.806667, 11.840727, 11.954571, 11.93114 ] }, { "date": "2024-03-01", "close": 11.62, "volume": 1155552, "typical_volume": 837261.25, "trend": 11.938, "fair_value": 13.847058, "relative_strength": -15.419364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.892968, "energy": 30.172827, "activity_lines": [ 11.754667, 11.785091, 11.928095, 11.909462 ] }, { "date": "2024-03-08", "close": 11.6, "volume": 490906, "typical_volume": 834081.55, "trend": 11.920667, "fair_value": 13.82695, "relative_strength": -14.633429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.711647, "energy": 30.937803, "activity_lines": [ 11.710667, 11.738545, 11.897714, 11.887656 ] }, { "date": "2024-03-15", "close": 11.16, "volume": 2667032, "typical_volume": 920680.3, "trend": 11.871333, "fair_value": 13.804696, "relative_strength": -18.280994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.994221, "energy": 58.230588, "activity_lines": [ 11.52, 11.624364, 11.822667, 11.838581 ] }, { "date": "2024-03-22", "close": 11.28, "volume": 1524951, "typical_volume": 970028.0, "trend": 11.837333, "fair_value": 13.776801, "relative_strength": -17.440092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.285575, "energy": 71.22716, "activity_lines": [ 11.406667, 11.546909, 11.759714, 11.80043 ] }, { "date": "2024-03-29", "close": 11.32, "volume": 1657722, "typical_volume": 980111.15, "trend": 11.809333, "fair_value": 13.747307, "relative_strength": -14.893349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.560837, "energy": 68.907847, "activity_lines": [ 11.334667, 11.491273, 11.701619, 11.767054 ] }, { "date": "2024-04-05", "close": 11.7, "volume": 1424482, "typical_volume": 1022112.0, "trend": 11.797333, "fair_value": 13.719912, "relative_strength": -12.575283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.785322, "energy": 54.623772, "activity_lines": [ 11.436, 11.512, 11.685048, 11.76 ] }, { "date": "2024-04-19", "close": 11.72, "volume": 1538248, "typical_volume": 1069372.3, "trend": 11.788, "fair_value": 13.692307, "relative_strength": -10.620926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.854602, "energy": 29.35138, "activity_lines": [ 11.538667, 11.538909, 11.671714, 11.755011 ] }, { "date": "2024-04-26", "close": 11.4, "volume": 902417, "typical_volume": 1088138.4, "trend": 11.772, "fair_value": 13.663326, "relative_strength": -10.94877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.283312, "energy": 24.241701, "activity_lines": [ 11.526667, 11.505455, 11.629238, 11.729978 ] }, { "date": "2024-05-03", "close": 11.4, "volume": 1261445, "typical_volume": 1077145.25, "trend": 11.758667, "fair_value": 13.632827, "relative_strength": -11.31791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.362056, "energy": 21.204184, "activity_lines": [ 11.498667, 11.477818, 11.591429, 11.705978 ] }, { "date": "2024-05-10", "close": 11.3, "volume": 567735, "typical_volume": 1079445.15, "trend": 11.748667, "fair_value": 13.600843, "relative_strength": -11.261802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.610183, "energy": 33.378525, "activity_lines": [ 11.429333, 11.437455, 11.549048, 11.676387 ] }, { "date": "2024-05-17", "close": 11.34, "volume": 641301, "typical_volume": 1089135.55, "trend": 11.753333, "fair_value": 13.553428, "relative_strength": -9.980076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.148883, "energy": 45.317678, "activity_lines": [ 11.374667, 11.417455, 11.515905, 11.650022 ] }, { "date": "2024-05-24", "close": 11.08, "volume": 270354, "typical_volume": 1072686.65, "trend": 11.755333, "fair_value": 13.506876, "relative_strength": -10.204862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.46224, "energy": 61.078441, "activity_lines": [ 11.257333, 11.355273, 11.462667, 11.606581 ] }, { "date": "2024-05-31", "close": 10.42, "volume": 749193, "typical_volume": 1051401.45, "trend": 11.726, "fair_value": 13.459467, "relative_strength": -11.585044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.522563, "energy": 82.378243, "activity_lines": [ 10.962667, 11.182545, 11.352286, 11.52043 ] }, { "date": "2024-06-07", "close": 10.84, "volume": 630737, "typical_volume": 1024583.2, "trend": 11.704, "fair_value": 13.41222, "relative_strength": -8.086451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.856434, "energy": 73.503619, "activity_lines": [ 10.873333, 11.099636, 11.289333, 11.463269 ] }, { "date": "2024-06-14", "close": 10.5, "volume": 779148, "typical_volume": 1031597.55, "trend": 11.639333, "fair_value": 13.360263, "relative_strength": -10.105519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.788864, "energy": 79.221506, "activity_lines": [ 10.708, 10.962909, 11.199905, 11.385591 ] }, { "date": "2024-06-28", "close": 10.66, "volume": 364698, "typical_volume": 1034814.4, "trend": 11.595333, "fair_value": 13.309669, "relative_strength": -10.199144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.011805, "energy": 73.843661, "activity_lines": [ 10.649333, 10.870182, 11.131524, 11.322409 ] }, { "date": "2024-07-05", "close": 10.54, "volume": 193513, "typical_volume": 1003437.05, "trend": 11.546667, "fair_value": 13.258475, "relative_strength": -10.304223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.440712, "energy": 60.850862, "activity_lines": [ 10.596, 10.774545, 11.057333, 11.254323 ] }, { "date": "2024-07-12", "close": 10.56, "volume": 295663, "typical_volume": 988707.2, "trend": 11.486, "fair_value": 13.207746, "relative_strength": -10.767193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.723356, "energy": 59.526026, "activity_lines": [ 10.585333, 10.704, 10.990095, 11.190667 ] }, { "date": "2024-07-19", "close": 10.58, "volume": 334651, "typical_volume": 939104.8, "trend": 11.424, "fair_value": 13.158158, "relative_strength": -13.095491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.878957, "energy": 51.677762, "activity_lines": [ 10.572, 10.652364, 10.930286, 11.132215 ] }, { "date": "2024-07-26", "close": 11.3, "volume": 1458692, "typical_volume": 945422.0, "trend": 11.386, "fair_value": 13.10998, "relative_strength": -5.685299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.924317, "energy": 25.080948, "activity_lines": [ 10.816, 10.746545, 10.944381, 11.124215 ] }, { "date": "2024-08-02", "close": 11.14, "volume": 324948, "typical_volume": 903891.8, "trend": 11.346667, "fair_value": 13.058751, "relative_strength": -6.916842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.840365, "energy": 19.103705, "activity_lines": [ 10.953333, 10.811636, 10.946667, 11.108344 ] }, { "date": "2024-08-09", "close": 10.78, "volume": 652189, "typical_volume": 911955.95, "trend": 11.296667, "fair_value": 13.009096, "relative_strength": -6.792403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.51139, "energy": 20.747808, "activity_lines": [ 10.938667, 10.814909, 10.916952, 11.071785 ] }, { "date": "2024-08-16", "close": 10.92, "volume": 630617, "typical_volume": 810135.2, "trend": 11.261333, "fair_value": 12.959662, "relative_strength": -7.272107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.301245, "energy": 20.129937, "activity_lines": [ 10.954667, 10.849091, 10.904476, 11.047484 ] }, { "date": "2024-08-23", "close": 10.78, "volume": 506151, "typical_volume": 759195.2, "trend": 11.218, "fair_value": 12.910175, "relative_strength": -10.249431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.129064, "energy": 14.91135, "activity_lines": [ 10.9, 10.848727, 10.87981, 11.01643 ] }, { "date": "2024-08-30", "close": 10.82, "volume": 1001103, "typical_volume": 726364.25, "trend": 11.188, "fair_value": 12.861113, "relative_strength": -9.173322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.214193, "energy": 21.743808, "activity_lines": [ 10.845333, 10.856727, 10.861333, 10.990753 ] }, { "date": "2024-09-06", "close": 10.7, "volume": 709164, "typical_volume": 690598.35, "trend": 11.15, "fair_value": 12.813306, "relative_strength": -9.49726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.311188, "energy": 23.251425, "activity_lines": [ 10.782667, 10.837091, 10.83381, 10.959269 ] }, { "date": "2024-09-13", "close": 10.58, "volume": 557905, "typical_volume": 641581.2, "trend": 11.116, "fair_value": 12.768104, "relative_strength": -8.273156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.411378, "energy": 39.41306, "activity_lines": [ 10.709333, 10.794909, 10.799619, 10.922495 ] }, { "date": "2024-09-20", "close": 10.54, "volume": 604498, "typical_volume": 626685.25, "trend": 11.076667, "fair_value": 12.72585, "relative_strength": -10.059482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.545362, "energy": 50.595479, "activity_lines": [ 10.636, 10.744727, 10.767048, 10.885333 ] }, { "date": "2024-09-27", "close": 10.72, "volume": 645472, "typical_volume": 595886.6, "trend": 11.044, "fair_value": 12.682051, "relative_strength": -10.32321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.341371, "energy": 45.213994, "activity_lines": [ 10.648, 10.727636, 10.755714, 10.862323 ] }, { "date": "2024-10-04", "close": 10.48, "volume": 426503, "typical_volume": 588825.0, "trend": 10.992667, "fair_value": 12.638401, "relative_strength": -8.897113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.804544, "energy": 47.056383, "activity_lines": [ 10.584, 10.664364, 10.724762, 10.825935 ] }, { "date": "2024-10-11", "close": 10.4, "volume": 599006, "typical_volume": 586710.25, "trend": 10.952, "fair_value": 12.59643, "relative_strength": -9.506856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.817922, "energy": 44.088531, "activity_lines": [ 10.516, 10.601455, 10.690095, 10.787699 ] }, { "date": "2024-10-18", "close": 10.34, "volume": 1385369, "typical_volume": 642461.0, "trend": 10.91, "fair_value": 12.555594, "relative_strength": -8.991011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.613993, "energy": 39.826738, "activity_lines": [ 10.448, 10.541091, 10.65419, 10.748215 ] }, { "date": "2024-10-25", "close": 10.16, "volume": 969060, "typical_volume": 653454.35, "trend": 10.876667, "fair_value": 12.515121, "relative_strength": -10.046133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.172061, "energy": 63.365535, "activity_lines": [ 10.336, 10.456, 10.604667, 10.699828 ] }, { "date": "2024-11-01", "close": 10.12, "volume": 449409, "typical_volume": 644387.95, "trend": 10.838, "fair_value": 12.476586, "relative_strength": -11.067769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.624528, "energy": 68.216494, "activity_lines": [ 10.236, 10.377455, 10.552571, 10.651011 ] }, { "date": "2024-11-08", "close": 10.18, "volume": 544675, "typical_volume": 632664.3, "trend": 10.8, "fair_value": 12.43894, "relative_strength": -10.896164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.608048, "energy": 69.90553, "activity_lines": [ 10.196, 10.321818, 10.509619, 10.608559 ] }, { "date": "2024-11-15", "close": 10.18, "volume": 1510718, "typical_volume": 689965.3, "trend": 10.749333, "fair_value": 12.401633, "relative_strength": -7.960715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.638974, "energy": 62.322356, "activity_lines": [ 10.176, 10.277818, 10.46819, 10.568559 ] }, { "date": "2024-11-22", "close": 10.22, "volume": 555368, "typical_volume": 708058.05, "trend": 10.699333, "fair_value": 12.365931, "relative_strength": -7.444488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.945395, "energy": 41.841861, "activity_lines": [ 10.184, 10.250545, 10.432857, 10.534409 ] }, { "date": "2024-11-29", "close": 10.1, "volume": 404427, "typical_volume": 713496.25, "trend": 10.656, "fair_value": 12.33199, "relative_strength": -6.554718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.670878, "energy": 41.876245, "activity_lines": [ 10.16, 10.208, 10.387619, 10.495742 ] }, { "date": "2024-12-06", "close": 10.14, "volume": 495969, "typical_volume": 721562.15, "trend": 10.614, "fair_value": 12.299993, "relative_strength": -8.02441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.571968, "energy": 38.872972, "activity_lines": [ 10.153333, 10.180727, 10.348381, 10.462452 ] }, { "date": "2024-12-13", "close": 10.14, "volume": 312202, "typical_volume": 664237.65, "trend": 10.575333, "fair_value": 12.268333, "relative_strength": -8.785873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.064516, "energy": 36.951234, "activity_lines": [ 10.145333, 10.164, 10.311238, 10.431871 ] }, { "date": "2024-12-20", "close": 10.14, "volume": 501020, "typical_volume": 673041.25, "trend": 10.535333, "fair_value": 12.238529, "relative_strength": -6.699973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.592737, "energy": 35.283879, "activity_lines": [ 10.14, 10.153455, 10.279619, 10.403785 ] }, { "date": "2024-12-27", "close": 10.1, "volume": 325187, "typical_volume": 656691.15, "trend": 10.502667, "fair_value": 12.210999, "relative_strength": -6.3642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.382903, "energy": 35.635297, "activity_lines": [ 10.124, 10.140364, 10.248952, 10.375699 ] }, { "date": "2025-01-03", "close": 10.28, "volume": 1299027, "typical_volume": 690111.65, "trend": 10.498, "fair_value": 12.18226, "relative_strength": -6.191808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.99087, "energy": 25.717631, "activity_lines": [ 10.176, 10.164364, 10.238667, 10.361333 ] }, { "date": "2025-01-10", "close": 10.94, "volume": 1382357, "typical_volume": 733921.95, "trend": 10.501333, "fair_value": 12.156572, "relative_strength": 0.136073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.247784, "energy": 15.669776, "activity_lines": [ 10.436, 10.306182, 10.294286, 10.389849 ] }, { "date": "2025-01-17", "close": 11.16, "volume": 1575335, "typical_volume": 762633.55, "trend": 10.523333, "fair_value": 12.134993, "relative_strength": 0.993361, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.531055, "energy": 48.64885, "activity_lines": [ 10.716, 10.473091, 10.370095, 10.432344 ] }, { "date": "2025-01-24", "close": 12.9, "volume": 7071994, "typical_volume": 1080775.05, "trend": 10.598, "fair_value": 12.125918, "relative_strength": 15.697363, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 65.715662, "energy": 83.886534, "activity_lines": [ 11.508, 10.938545, 10.61, 10.585677 ] }, { "date": "2025-01-31", "close": 12.0, "volume": 4307552, "typical_volume": 1268257.4, "trend": 10.646667, "fair_value": 12.110567, "relative_strength": 7.123521, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 73.375433, "energy": 89.052282, "activity_lines": [ 11.816, 11.190909, 10.753714, 10.676129 ] }, { "date": "2025-02-07", "close": 12.24, "volume": 2481043, "typical_volume": 1362084.65, "trend": 10.702667, "fair_value": 12.095067, "relative_strength": 9.081742, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.981829, "energy": 90.485763, "activity_lines": [ 12.077333, 11.454545, 10.913524, 10.778925 ] }, { "date": "2025-02-14", "close": 11.5, "volume": 1846089, "typical_volume": 1422115.5, "trend": 10.733333, "fair_value": 12.073981, "relative_strength": 2.987863, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.475553, "energy": 84.643946, "activity_lines": [ 11.961333, 11.544727, 10.994762, 10.830366 ] }, { "date": "2025-02-21", "close": 11.34, "volume": 512887, "typical_volume": 1426434.7, "trend": 10.734667, "fair_value": 12.053556, "relative_strength": 1.626806, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.9855, "energy": 54.301836, "activity_lines": [ 11.754667, 11.581091, 11.057048, 10.869505 ] }, { "date": "2025-02-28", "close": 11.18, "volume": 524495, "typical_volume": 1422709.15, "trend": 10.736, "fair_value": 12.032105, "relative_strength": 2.508983, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.771823, "energy": 35.323026, "activity_lines": [ 11.482667, 11.566545, 11.1, 10.898237 ] }, { "date": "2025-03-07", "close": 10.74, "volume": 616414, "typical_volume": 1384261.4, "trend": 10.734667, "fair_value": 12.008003, "relative_strength": 1.07326, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.656696, "energy": 25.627026, "activity_lines": [ 11.178667, 11.453091, 11.097333, 10.898495 ] }, { "date": "2025-03-14", "close": 10.46, "volume": 628844, "typical_volume": 1367250.6, "trend": 10.719333, "fair_value": 11.983286, "relative_strength": -0.787069, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.896391, "energy": 22.459002, "activity_lines": [ 10.865333, 11.277091, 11.066095, 10.880774 ] }, { "date": "2025-03-21", "close": 10.14, "volume": 632844, "typical_volume": 1376422.35, "trend": 10.698, "fair_value": 11.958205, "relative_strength": -3.980634, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.685661, "energy": 31.77228, "activity_lines": [ 10.564, 11.039636, 11.002952, 10.843398 ] }, { "date": "2025-03-28", "close": 10.7, "volume": 467411, "typical_volume": 1372559.15, "trend": 10.694, "fair_value": 11.934352, "relative_strength": -0.936044, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.768327, "energy": 28.254119, "activity_lines": [ 10.54, 10.918545, 10.993048, 10.843527 ] }, { "date": "2025-04-04", "close": 10.7, "volume": 0, "typical_volume": 1297023.25, "trend": 10.694, "fair_value": 11.910837, "relative_strength": 0.204629, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.011322, "energy": 26.300803, "activity_lines": [ 10.558667, 10.805818, 10.980667, 10.843914 ] }, { "date": "2025-04-11", "close": 10.0, "volume": 943121, "typical_volume": 1316410.9, "trend": 10.674667, "fair_value": 11.883846, "relative_strength": -3.19089, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.323213, "energy": 36.72394, "activity_lines": [ 10.376, 10.605818, 10.899143, 10.79914 ] }, { "date": "2025-04-18", "close": 10.4, "volume": 598119, "typical_volume": 1326095.5, "trend": 10.67, "fair_value": 11.859926, "relative_strength": 0.286281, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.191631, "energy": 21.930684, "activity_lines": [ 10.376, 10.514909, 10.856762, 10.781419 ] }, { "date": "2025-04-25", "close": 9.99, "volume": 1530193, "typical_volume": 1377806.7, "trend": 10.645667, "fair_value": 11.830678, "relative_strength": -5.219237, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.199862, "energy": 41.960797, "activity_lines": [ 10.243333, 10.382909, 10.773905, 10.737548 ] }, { "date": "2025-05-02", "close": 9.77, "volume": 986821, "typical_volume": 1411537.65, "trend": 10.622, "fair_value": 11.810901, "relative_strength": -5.363701, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.872833, "energy": 61.444377, "activity_lines": [ 10.047333, 10.238364, 10.67081, 10.681054 ] }, { "date": "2025-05-09", "close": 9.2, "volume": 1223429, "typical_volume": 1447658.1, "trend": 10.582, "fair_value": 11.78747, "relative_strength": -9.255736, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.817423, "energy": 73.105708, "activity_lines": [ 9.723333, 10.018727, 10.51519, 10.589312 ] }, { "date": "2025-05-16", "close": 9.18, "volume": 923932, "typical_volume": 1477595.35, "trend": 10.543333, "fair_value": 11.764754, "relative_strength": -10.173032, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.429439, "energy": 89.273085, "activity_lines": [ 9.492667, 9.831455, 10.362143, 10.49886 ] }, { "date": "2025-05-23", "close": 8.83, "volume": 370705, "typical_volume": 1431179.25, "trend": 10.499, "fair_value": 11.738023, "relative_strength": -11.03962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.985671, "energy": 92.751184, "activity_lines": [ 9.2, 9.608909, 10.180143, 10.388323 ] }, { "date": "2025-05-30", "close": 8.75, "volume": 677757, "typical_volume": 1395949.25, "trend": 10.453333, "fair_value": 11.705887, "relative_strength": -10.006069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.973676, "energy": 91.530339, "activity_lines": [ 8.985333, 9.401455, 9.997429, 10.275484 ] }, { "date": "2025-06-06", "close": 8.66, "volume": 550426, "typical_volume": 1344703.8, "trend": 10.402667, "fair_value": 11.677982, "relative_strength": -10.815569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.841281, "energy": 89.893317, "activity_lines": [ 8.823333, 9.202909, 9.816571, 10.159785 ] }, { "date": "2025-06-13", "close": 8.38, "volume": 404348, "typical_volume": 1011321.5, "trend": 10.342667, "fair_value": 11.643138, "relative_strength": -12.081287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.55559, "energy": 90.857125, "activity_lines": [ 8.642, 8.990545, 9.620952, 10.02929 ] }, { "date": "2025-06-20", "close": 7.62, "volume": 1428863, "typical_volume": 867387.05, "trend": 10.256, "fair_value": 11.600891, "relative_strength": -17.970332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.864489, "energy": 95.186426, "activity_lines": [ 8.262, 8.682182, 9.374476, 9.853634 ] }, { "date": "2025-06-27", "close": 7.69, "volume": 2692891, "typical_volume": 877979.45, "trend": 10.175667, "fair_value": 11.55943, "relative_strength": -20.26414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.854247, "energy": 93.689054, "activity_lines": [ 8.009333, 8.429818, 9.155524, 9.688086 ] }, { "date": "2025-07-04", "close": 7.61, "volume": 4012967, "typical_volume": 986323.35, "trend": 10.091333, "fair_value": 11.518974, "relative_strength": -21.938418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.211366, "energy": 91.284945, "activity_lines": [ 7.806, 8.212182, 8.950619, 9.522559 ] }, { "date": "2025-07-11", "close": 7.2, "volume": 4455216, "typical_volume": 1183439.8, "trend": 9.993333, "fair_value": 11.479433, "relative_strength": -25.934443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.541278, "energy": 94.784215, "activity_lines": [ 7.542, 7.963273, 8.72519, 9.336022 ] }, { "date": "2025-07-18", "close": 7.03, "volume": 2573596, "typical_volume": 1285894.85, "trend": 9.889667, "fair_value": 11.438971, "relative_strength": -25.528709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.625462, "energy": 94.598423, "activity_lines": [ 7.318667, 7.730182, 8.503286, 9.144839 ] }, { "date": "2025-07-25", "close": 7.03, "volume": 4098098, "typical_volume": 1459979.05, "trend": 9.787333, "fair_value": 11.39969, "relative_strength": -24.609774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.865619, "energy": 90.88106, "activity_lines": [ 7.185333, 7.536545, 8.301143, 8.960344 ] }, { "date": "2025-08-01", "close": 6.88, "volume": 1936842, "typical_volume": 1525378.95, "trend": 9.674, "fair_value": 11.361218, "relative_strength": -25.550477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.241623, "energy": 90.865328, "activity_lines": [ 7.041333, 7.354727, 8.102381, 8.772774 ] }, { "date": "2025-08-08", "close": 6.94, "volume": 1089272, "typical_volume": 1548200.35, "trend": 9.540667, "fair_value": 11.321444, "relative_strength": -24.47405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.851459, "energy": 82.726577, "activity_lines": [ 6.971333, 7.219273, 7.926381, 8.596387 ] }, { "date": "2025-08-15", "close": 6.64, "volume": 1479573, "typical_volume": 1598808.45, "trend": 9.39, "fair_value": 11.275951, "relative_strength": -26.583957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.30656, "energy": 73.151015, "activity_lines": [ 6.846, 7.062182, 7.737048, 8.409247 ] }, { "date": "2025-08-22", "close": 6.63, "volume": 853649, "typical_volume": 1641490.9, "trend": 9.181, "fair_value": 11.232082, "relative_strength": -26.454739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.746151, "energy": 71.44668, "activity_lines": [ 6.754667, 6.94, 7.566095, 8.231183 ] }, { "date": "2025-08-29", "close": 6.82, "volume": 2723486, "typical_volume": 1730509.15, "trend": 9.008333, "fair_value": 11.189599, "relative_strength": -22.942593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.031861, "energy": 67.548446, "activity_lines": [ 6.753333, 6.884182, 7.432619, 8.07886 ] }, { "date": "2025-09-05", "close": 6.54, "volume": 708301, "typical_volume": 1736018.25, "trend": 8.818333, "fair_value": 11.144477, "relative_strength": -25.10177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.906138, "energy": 70.523484, "activity_lines": [ 6.672667, 6.792, 7.287619, 7.919613 ] }, { "date": "2025-09-12", "close": 6.45, "volume": 787386, "typical_volume": 1698877.9, "trend": 8.65, "fair_value": 11.100128, "relative_strength": -24.209624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.212742, "energy": 70.314643, "activity_lines": [ 6.584667, 6.704364, 7.152429, 7.766817 ] }, { "date": "2025-09-19", "close": 6.57, "volume": 893176, "typical_volume": 1694195.65, "trend": 8.491, "fair_value": 11.062244, "relative_strength": -24.677704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.405455, "energy": 66.407997, "activity_lines": [ 6.569333, 6.659636, 7.045524, 7.632624 ] }, { "date": "2025-09-26", "close": 6.73, "volume": 772411, "typical_volume": 1671644.75, "trend": 8.342667, "fair_value": 11.030897, "relative_strength": -25.964855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.607995, "energy": 64.97574, "activity_lines": [ 6.612, 6.655455, 6.969095, 7.519011 ] }, { "date": "2025-10-03", "close": 6.88, "volume": 2956878, "typical_volume": 1773292.05, "trend": 8.214, "fair_value": 11.001154, "relative_strength": -25.051562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.177288, "energy": 56.883776, "activity_lines": [ 6.698, 6.684, 6.918714, 7.424645 ] }, { "date": "2025-10-10", "close": 7.0, "volume": 3631504, "typical_volume": 1936332.0, "trend": 8.098667, "fair_value": 10.971667, "relative_strength": -23.838988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.327191, "energy": 45.472879, "activity_lines": [ 6.82, 6.737091, 6.890714, 7.346323 ] }, { "date": "2025-10-17", "close": 7.1, "volume": 2201715, "typical_volume": 2012529.9, "trend": 7.997333, "fair_value": 10.944744, "relative_strength": -23.011403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.44607, "energy": 28.194008, "activity_lines": [ 6.944667, 6.806182, 6.880952, 7.281892 ] }, { "date": "2025-10-24", "close": 6.95, "volume": 1394107, "typical_volume": 2054713.95, "trend": 7.872333, "fair_value": 10.915705, "relative_strength": -23.609458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.843247, "energy": 27.887048, "activity_lines": [ 6.976, 6.845091, 6.864762, 7.214323 ] }, { "date": "2025-10-31", "close": 7.0, "volume": 1171138, "typical_volume": 2093053.45, "trend": 7.749, "fair_value": 10.888782, "relative_strength": -22.894938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.993277, "energy": 22.21096, "activity_lines": [ 6.998667, 6.887455, 6.861476, 7.158043 ] }, { "date": "2025-11-07", "close": 6.8, "volume": 1068627, "typical_volume": 2075041.65, "trend": 7.642333, "fair_value": 10.856603, "relative_strength": -22.299546, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -27.63561, "energy": 18.611792, "activity_lines": [ 6.936667, 6.886727, 6.845714, 7.096817 ] }, { "date": "2025-11-14", "close": 6.93, "volume": 873573, "typical_volume": 1984075.75, "trend": 7.526667, "fair_value": 10.824103, "relative_strength": -19.443851, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -23.925082, "energy": 20.22136, "activity_lines": [ 6.923333, 6.91, 6.846238, 7.05086 ] }, { "date": "2025-11-21", "close": 6.86, "volume": 763024, "typical_volume": 1821578.6, "trend": 7.422333, "fair_value": 10.793462, "relative_strength": -18.559264, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -33.073324, "energy": 23.544748, "activity_lines": [ 6.891333, 6.913455, 6.843714, 7.007849 ] }, { "date": "2025-11-28", "close": 6.69, "volume": 706691, "typical_volume": 1634152.35, "trend": 7.319667, "fair_value": 10.76391, "relative_strength": -17.319436, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -48.596632, "energy": 32.301222, "activity_lines": [ 6.818667, 6.878545, 6.828571, 6.960602 ] }, { "date": "2025-12-05", "close": 6.75, "volume": 799475, "typical_volume": 1545446.3, "trend": 7.238, "fair_value": 10.730256, "relative_strength": -16.008234, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.430898, "energy": 29.572326, "activity_lines": [ 6.783333, 6.852364, 6.821571, 6.923849 ] }, { "date": "2025-12-12", "close": 6.71, "volume": 526613, "typical_volume": 1366872.05, "trend": 7.155667, "fair_value": 10.698654, "relative_strength": -16.757367, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -45.721594, "energy": 32.048636, "activity_lines": [ 6.751333, 6.818545, 6.812095, 6.889785 ] }, { "date": "2025-12-19", "close": 6.53, "volume": 420395, "typical_volume": 1291049.7, "trend": 7.079, "fair_value": 10.665385, "relative_strength": -16.44407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.704709, "energy": 45.142875, "activity_lines": [ 6.665333, 6.755091, 6.787, 6.849419 ] }, { "date": "2025-12-26", "close": 6.45, "volume": 210249, "typical_volume": 1247098.55, "trend": 7.002333, "fair_value": 10.633013, "relative_strength": -17.555779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.17473, "energy": 58.408945, "activity_lines": [ 6.579333, 6.685636, 6.755952, 6.808839 ] }, { "date": "2026-01-02", "close": 6.34, "volume": 417009, "typical_volume": 1193970.35, "trend": 6.925, "fair_value": 10.600962, "relative_strength": -18.615331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.133774, "energy": 69.811621, "activity_lines": [ 6.484, 6.608, 6.716762, 6.766108 ] }, { "date": "2026-01-09", "close": 6.24, "volume": 559012, "typical_volume": 1179238.5, "trend": 6.853667, "fair_value": 10.569551, "relative_strength": -18.665477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.911155, "energy": 78.410523, "activity_lines": [ 6.378667, 6.523273, 6.669476, 6.721914 ] }, { "date": "2026-01-16", "close": 6.39, "volume": 498172, "typical_volume": 1067972.8, "trend": 6.812667, "fair_value": 10.539615, "relative_strength": -18.684238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.61365, "energy": 70.030827, "activity_lines": [ 6.357333, 6.479636, 6.638333, 6.692 ] }, { "date": "2026-01-23", "close": 6.31, "volume": 602379, "typical_volume": 1062676.7, "trend": 6.766667, "fair_value": 10.504551, "relative_strength": -20.977144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.176351, "energy": 66.741798, "activity_lines": [ 6.330667, 6.428909, 6.601619, 6.65957 ] }, { "date": "2026-01-30", "close": 6.19, "volume": 1343611, "typical_volume": 1090487.95, "trend": 6.719333, "fair_value": 10.460897, "relative_strength": -23.303133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.651967, "energy": 62.14977, "activity_lines": [ 6.278667, 6.367636, 6.554571, 6.622366 ] }, { "date": "2026-02-06", "close": 6.04, "volume": 1189685, "typical_volume": 1105313.4, "trend": 6.680667, "fair_value": 10.418205, "relative_strength": -22.939237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.079977, "energy": 64.043927, "activity_lines": [ 6.194, 6.291273, 6.494476, 6.578538 ] }, { "date": "2026-02-13", "close": 6.0, "volume": 1062778, "typical_volume": 1119831.75, "trend": 6.646333, "fair_value": 10.373718, "relative_strength": -23.043622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.587794, "energy": 77.873623, "activity_lines": [ 6.116, 6.219455, 6.433095, 6.534624 ] }, { "date": "2026-02-20", "close": 5.87, "volume": 1089364, "typical_volume": 1026456.05, "trend": 6.607667, "fair_value": 10.328526, "relative_strength": -21.793412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.421065, "energy": 87.128643, "activity_lines": [ 6.010667, 6.137636, 6.36281, 6.484538 ] }, { "date": "2026-02-27", "close": 5.6, "volume": 521793, "typical_volume": 870970.5, "trend": 6.565, "fair_value": 10.27891, "relative_strength": -22.865358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.239847, "energy": 94.702254, "activity_lines": [ 5.85, 6.022, 6.271619, 6.419527 ] }, { "date": "2026-03-06", "close": 5.3, "volume": 2315134, "typical_volume": 876641.45, "trend": 6.510333, "fair_value": 10.226603, "relative_strength": -26.583888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.321326, "energy": 96.455224, "activity_lines": [ 5.636667, 5.868727, 6.158524, 6.337914 ] }, { "date": "2026-03-13", "close": 5.0, "volume": 2520451, "typical_volume": 932958.65, "trend": 6.455667, "fair_value": 10.170833, "relative_strength": -30.620618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.585111, "energy": 97.55157, "activity_lines": [ 5.382667, 5.681818, 6.025429, 6.240473 ] }, { "date": "2026-03-20", "close": 4.91, "volume": 1405572, "typical_volume": 944680.35, "trend": 6.398333, "fair_value": 10.11641, "relative_strength": -31.374073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.577803, "energy": 96.513337, "activity_lines": [ 5.168, 5.502909, 5.893048, 6.140753 ] }, { "date": "2026-03-27", "close": 5.14, "volume": 1373522, "typical_volume": 959925.1, "trend": 6.342333, "fair_value": 10.064615, "relative_strength": -28.191928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.527367, "energy": 88.603042, "activity_lines": [ 5.102667, 5.39, 5.792524, 6.05957 ] }, { "date": "2026-04-03", "close": 5.0, "volume": 1530276, "typical_volume": 992760.25, "trend": 6.291, "fair_value": 10.012308, "relative_strength": -30.302992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.120564, "energy": 88.572418, "activity_lines": [ 5.039333, 5.274364, 5.686571, 5.972968 ] }, { "date": "2026-04-10", "close": 4.95, "volume": 2270126, "typical_volume": 1068115.35, "trend": 6.241, "fair_value": 9.963013, "relative_strength": -30.546519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.54872, "energy": 70.485408, "activity_lines": [ 4.999333, 5.173455, 5.585048, 5.886452 ] }, { "date": "2026-04-17", "close": 5.03, "volume": 1052268, "typical_volume": 1085394.2, "trend": 6.189667, "fair_value": 9.914487, "relative_strength": -29.712783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.143324, "energy": 65.81607, "activity_lines": [ 5.009333, 5.109636, 5.500238, 5.808323 ] }, { "date": "2026-04-24", "close": 5.01, "volume": 706741, "typical_volume": 1080757.5, "trend": 6.132333, "fair_value": 9.864679, "relative_strength": -26.27929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.83272, "energy": 64.987321, "activity_lines": [ 5.010667, 5.060545, 5.421429, 5.732215 ] }, { "date": "2026-05-01", "close": 5.03, "volume": 1422095, "typical_volume": 1125531.6, "trend": 6.070667, "fair_value": 9.816282, "relative_strength": -25.573185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.491736, "energy": 62.370691, "activity_lines": [ 5.012, 5.033091, 5.35281, 5.661097 ] }, { "date": "2026-05-08", "close": 5.52, "volume": 1948499, "typical_volume": 1201936.8, "trend": 6.021333, "fair_value": 9.770897, "relative_strength": -16.341909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.660336, "energy": 43.567995, "activity_lines": [ 5.184, 5.11, 5.338857, 5.62557 ] }, { "date": "2026-05-15", "close": 5.07, "volume": 3028658, "typical_volume": 1342857.25, "trend": 5.953667, "fair_value": 9.721603, "relative_strength": -22.063692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.142374, "energy": 35.654959, "activity_lines": [ 5.171333, 5.106545, 5.286857, 5.564194 ] }, { "date": "2026-05-22", "close": 4.86, "volume": 2560796, "typical_volume": 1450046.6, "trend": 5.884, "fair_value": 9.671987, "relative_strength": -24.655878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.402492, "energy": 39.389779, "activity_lines": [ 5.080667, 5.069091, 5.221429, 5.493634 ] }, { "date": "2026-05-29", "close": 4.86, "volume": 0, "typical_volume": 1422096.0, "trend": 5.812667, "fair_value": 9.620192, "relative_strength": -23.765035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.715437, "energy": 45.296257, "activity_lines": [ 5.001333, 5.034182, 5.163048, 5.42757 ] }, { "date": "2026-06-05", "close": 4.99, "volume": 1222418, "typical_volume": 1458308.3, "trend": 5.752333, "fair_value": 9.570769, "relative_strength": -20.582147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.227194, "energy": 49.446064, "activity_lines": [ 4.975333, 5.023818, 5.123619, 5.374495 ] }, { "date": "2026-06-12", "close": 4.98, "volume": 1097642, "typical_volume": 1483071.45, "trend": 5.687333, "fair_value": 9.519359, "relative_strength": -20.247654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.481214, "energy": 51.802461, "activity_lines": [ 4.948667, 5.014364, 5.089905, 5.324667 ] }, { "date": "2026-06-19", "close": 4.96, "volume": 1842215, "typical_volume": 1508001.65, "trend": 5.624, "fair_value": 9.470513, "relative_strength": -20.396283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.863801, "energy": 44.505887, "activity_lines": [ 4.951333, 5.001636, 5.060619, 5.277742 ] }, { "date": "2026-06-26", "close": 4.99, "volume": 991345, "typical_volume": 1498084.65, "trend": 5.567333, "fair_value": 9.421859, "relative_strength": -17.866452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.810521, "energy": 38.005882, "activity_lines": [ 4.971333, 4.994182, 5.040048, 5.236839 ] }, { "date": "2026-07-03", "close": 5.06, "volume": 1528704, "typical_volume": 1521380.95, "trend": 5.511, "fair_value": 9.371731, "relative_strength": -15.282956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.221127, "energy": 28.187101, "activity_lines": [ 5.006, 5.000182, 5.031143, 5.204108 ] }, { "date": "2026-07-10", "close": 5.01, "volume": 583328, "typical_volume": 1496079.15, "trend": 5.454333, "fair_value": 9.32141, "relative_strength": -15.460547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.214866, "energy": 24.723101, "activity_lines": [ 5.010667, 4.996182, 5.021952, 5.171785 ] }, { "date": "2026-07-17", "close": 4.98, "volume": 428595, "typical_volume": 1491419.25, "trend": 5.402667, "fair_value": 9.270641, "relative_strength": -14.755124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.526029, "energy": 23.946066, "activity_lines": [ 5.004, 4.987091, 5.014, 5.141183 ] }, { "date": "2026-07-24", "close": 4.91, "volume": 800335, "typical_volume": 1415679.3, "trend": 5.351333, "fair_value": 9.221474, "relative_strength": -15.965003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.076181, "energy": 29.962487, "activity_lines": [ 4.974, 4.975091, 5.002333, 5.109398 ] }, { "date": "2026-07-31", "close": 4.82, "volume": 625924, "typical_volume": 1320952.95, "trend": 5.300667, "fair_value": 9.171987, "relative_strength": -15.326405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.352823, "energy": 38.367992, "activity_lines": [ 4.917333, 4.949636, 4.983952, 5.075118 ] }, { "date": "2026-08-07", "close": 4.97, "volume": 1370518, "typical_volume": 1319200.25, "trend": 5.258333, "fair_value": 9.124872, "relative_strength": -14.179179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.043742, "energy": 34.996675, "activity_lines": [ 4.922, 4.952182, 4.980714, 5.053785 ] } ], "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." } } }