{ "ticker": { "uuid": "560c8614-2d6d-4e1b-a914-f4b22cf71da7", "symbol": "ENGI3", "name": "Energisa S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "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": -63.04, "architecture_energy": 41.37, "architecture_maturity": 26.334, "architecture_confidence": 93.361, "architecture_tenure": "Developing", "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": 28.55, "rotation_up": 19.37, "upward_expansion": 5.12, "deceleration": 47.5, "rotation_down": 52.12, "downward_expansion": 76.12 }, "activity_lines": [ 11.736667, 11.810727, 12.032143, 12.209462 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.5 }, "latest_close": 11.5, "trend_reference": 12.412333, "distance_from_trend": -0.073502, "trend_direction": "Weakening", "fair_value": 12.039786, "distance_from_fair_value": -0.044834, "fair_value_direction": "Weakening", "relative_strength": -11.294438, "relative_strength_direction": "Weakening", "price_momentum": -0.08, "excess_performance": -0.022952, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.073502, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.025019, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.044834, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.144692, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.112944, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.038515, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.08, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.762735, "read": "Supply-led" } ], "volume": { "latest": 11200, "relative_activity": 0.677761, "balance": 0.762735, "dry_up": 0.863843, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.054181, "annualized_volatility": 0.189688, "from_high_reference": -0.205252, "from_low_reference": 0.123389 }, "levels": { "trend_reference": 12.412333, "fair_value_reference": 12.039786, "structural_low": 11.46, "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": 22, "median_return": 0.010653, "positive_rate": 0.590909, "directional_follow_through": 0.409091, "median_excess_return": -0.008701, "regime_survival": 0.636364, "best_return": 0.196, "worst_return": -0.148539, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.029238, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.063791, "regime_survival": 0.444444, "best_return": 0.13, "worst_return": -0.106589, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.016656, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.001011, "regime_survival": 0.5, "best_return": 0.26523, "worst_return": -0.148138, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.027563, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.090164, "regime_survival": 0.333333, "best_return": 0.032272, "worst_return": -0.165985, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-10-04", "tenure": "Developing", "return": -0.102249, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-11", "end": "2025-02-21", "tenure": "Established", "return": -0.022989, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-05-09", "tenure": "Developing", "return": 0.140768, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-07-04", "tenure": "Developing", "return": -0.018018, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.015712, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-25", "end": "2025-08-08", "tenure": "New", "return": 0.137398, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.033411, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-10", "tenure": "Developing", "return": -0.113869, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": 0.061878, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2026-01-09", "tenure": "Developing", "return": 0.028564, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-04-24", "tenure": "Established", "return": 0.100655, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": -0.096296, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": -0.012448, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.036851, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.949624, "volume": 71821, "typical_volume": 46712.5, "trend": 10.660589, "fair_value": 11.079066, "relative_strength": 16.955172, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.55546, "energy": 51.109554, "activity_lines": [ 12.113798, 11.902313, 11.392539, 11.040824 ] }, { "date": "2023-08-25", "close": 12.305765, "volume": 34652, "typical_volume": 43710.3, "trend": 10.725037, "fair_value": 11.094994, "relative_strength": 10.470383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.656432, "energy": 44.724268, "activity_lines": [ 12.232127, 12.021989, 11.516246, 11.146964 ] }, { "date": "2023-09-01", "close": 12.337957, "volume": 18411, "typical_volume": 41514.35, "trend": 10.784272, "fair_value": 11.112112, "relative_strength": 8.645245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.056389, "energy": 45.385294, "activity_lines": [ 12.307188, 12.110904, 11.632443, 11.251024 ] }, { "date": "2023-09-08", "close": 11.798724, "volume": 18069, "typical_volume": 41583.0, "trend": 10.834177, "fair_value": 11.12657, "relative_strength": 6.078766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.312267, "energy": 41.41534, "activity_lines": [ 12.1825, 12.077913, 11.688908, 11.316472 ] }, { "date": "2023-09-15", "close": 12.426489, "volume": 38769, "typical_volume": 41331.3, "trend": 10.90553, "fair_value": 11.147204, "relative_strength": 8.310771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.47319, "energy": 37.831403, "activity_lines": [ 12.260158, 12.155727, 11.797795, 11.419202 ] }, { "date": "2023-09-22", "close": 12.555261, "volume": 32478, "typical_volume": 40828.0, "trend": 11.00213, "fair_value": 11.168009, "relative_strength": 11.699979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.615575, "energy": 38.669663, "activity_lines": [ 12.324007, 12.248874, 11.908175, 11.525636 ] }, { "date": "2023-09-29", "close": 12.096511, "volume": 24817, "typical_volume": 39484.2, "trend": 11.080296, "fair_value": 11.188447, "relative_strength": 6.827899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.315256, "energy": 32.433688, "activity_lines": [ 12.261231, 12.245002, 11.963973, 11.596241 ] }, { "date": "2023-10-06", "close": 11.983836, "volume": 29162, "typical_volume": 39186.85, "trend": 11.154967, "fair_value": 11.20732, "relative_strength": 7.765505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.714442, "energy": 27.675268, "activity_lines": [ 12.174847, 12.209721, 12.000447, 11.654534 ] }, { "date": "2023-10-13", "close": 12.032125, "volume": 17611, "typical_volume": 38180.4, "trend": 11.238844, "fair_value": 11.224818, "relative_strength": 6.500152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.558568, "energy": 22.310879, "activity_lines": [ 12.128168, 12.184202, 12.033805, 11.711125 ] }, { "date": "2023-10-20", "close": 12.667936, "volume": 30191, "typical_volume": 35355.45, "trend": 11.347539, "fair_value": 11.244613, "relative_strength": 14.300997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.719478, "energy": 29.546272, "activity_lines": [ 12.277865, 12.268158, 12.121594, 11.803325 ] }, { "date": "2023-10-27", "close": 13.392279, "volume": 60156, "typical_volume": 35824.3, "trend": 11.457791, "fair_value": 11.2698, "relative_strength": 20.204986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.055842, "energy": 41.362501, "activity_lines": [ 12.652913, 12.46395, 12.267206, 11.935243 ] }, { "date": "2023-11-03", "close": 13.239362, "volume": 24473, "typical_volume": 32976.5, "trend": 11.562945, "fair_value": 11.289373, "relative_strength": 13.662267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.295486, "energy": 52.777368, "activity_lines": [ 12.921188, 12.623891, 12.384896, 12.050183 ] }, { "date": "2023-11-10", "close": 13.625677, "volume": 42315, "typical_volume": 31918.6, "trend": 11.664502, "fair_value": 11.309972, "relative_strength": 14.216785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.665757, "energy": 66.139381, "activity_lines": [ 13.242044, 12.837096, 12.525343, 12.183263 ] }, { "date": "2023-11-17", "close": 13.665917, "volume": 28247, "typical_volume": 31438.2, "trend": 11.778294, "fair_value": 11.332513, "relative_strength": 10.258394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.13029, "energy": 72.155116, "activity_lines": [ 13.466858, 13.034204, 12.65724, 12.312386 ] }, { "date": "2023-11-24", "close": 14.060282, "volume": 29047, "typical_volume": 31055.0, "trend": 11.908156, "fair_value": 11.359174, "relative_strength": 12.701744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.98477, "energy": 72.050646, "activity_lines": [ 13.714207, 13.269067, 12.816931, 12.459611 ] }, { "date": "2023-12-01", "close": 14.462693, "volume": 16582, "typical_volume": 30214.35, "trend": 12.047976, "fair_value": 11.387478, "relative_strength": 13.212743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.506421, "energy": 75.312423, "activity_lines": [ 14.002871, 13.547389, 13.005051, 12.62442 ] }, { "date": "2023-12-08", "close": 14.366115, "volume": 13838, "typical_volume": 29842.7, "trend": 12.18378, "fair_value": 11.412542, "relative_strength": 12.925087, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.58046, "energy": 69.347755, "activity_lines": [ 14.18798, 13.773472, 13.171325, 12.773978 ] }, { "date": "2023-12-15", "close": 13.521049, "volume": 34195, "typical_volume": 30809.15, "trend": 12.289023, "fair_value": 11.416368, "relative_strength": 3.682475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.400847, "energy": 47.269865, "activity_lines": [ 14.016284, 13.80464, 13.243449, 12.860253 ] }, { "date": "2023-12-22", "close": 14.688044, "volume": 32822, "typical_volume": 31352.35, "trend": 12.420411, "fair_value": 11.430999, "relative_strength": 10.225282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.769493, "energy": 49.744389, "activity_lines": [ 14.240562, 14.02004, 13.419652, 13.015029 ] }, { "date": "2023-12-29", "close": 14.93754, "volume": 15209, "typical_volume": 30643.25, "trend": 12.5742, "fair_value": 11.447135, "relative_strength": 10.668454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.06177, "energy": 49.982109, "activity_lines": [ 14.479863, 14.232514, 13.605364, 13.177424 ] }, { "date": "2024-01-05", "close": 15.271113, "volume": 22071, "typical_volume": 28155.75, "trend": 12.730338, "fair_value": 11.468779, "relative_strength": 14.485153, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.349315, "energy": 50.393103, "activity_lines": [ 14.771871, 14.464372, 13.806836, 13.351418 ] }, { "date": "2024-01-12", "close": 15.238569, "volume": 27446, "typical_volume": 27795.45, "trend": 12.895224, "fair_value": 11.489794, "relative_strength": 14.610483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.493679, "energy": 57.544981, "activity_lines": [ 14.999137, 14.656152, 13.994154, 13.51324 ] }, { "date": "2024-01-19", "close": 14.397538, "volume": 28399, "typical_volume": 28294.85, "trend": 13.007627, "fair_value": 11.510191, "relative_strength": 10.667993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.27415, "energy": 45.23161, "activity_lines": [ 14.887895, 14.658668, 14.087408, 13.610163 ] }, { "date": "2024-01-26", "close": 13.966119, "volume": 23760, "typical_volume": 28579.4, "trend": 13.085986, "fair_value": 11.518603, "relative_strength": 5.922272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.187956, "energy": 36.181652, "activity_lines": [ 14.574415, 14.56871, 14.129766, 13.672001 ] }, { "date": "2024-02-02", "close": 14.769742, "volume": 45760, "typical_volume": 28928.95, "trend": 13.178908, "fair_value": 11.529685, "relative_strength": 13.189321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.956288, "energy": 28.98317, "activity_lines": [ 14.576937, 14.619407, 14.238339, 13.780631 ] }, { "date": "2024-02-09", "close": 14.152221, "volume": 43010, "typical_volume": 29455.55, "trend": 13.257092, "fair_value": 11.529272, "relative_strength": 7.434023, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.961155, "energy": 19.50718, "activity_lines": [ 14.384805, 14.544929, 14.276943, 13.843425 ] }, { "date": "2024-02-16", "close": 14.253732, "volume": 11220, "typical_volume": 28775.7, "trend": 13.349023, "fair_value": 11.531804, "relative_strength": 7.282867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.579581, "energy": 18.217048, "activity_lines": [ 14.301103, 14.494552, 14.317609, 13.907725 ] }, { "date": "2024-02-23", "close": 13.763099, "volume": 30360, "typical_volume": 28835.6, "trend": 13.40653, "fair_value": 11.544437, "relative_strength": 2.745708, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.270608, "energy": 13.821269, "activity_lines": [ 14.119513, 14.357012, 14.301277, 13.934439 ] }, { "date": "2024-03-01", "close": 13.889986, "volume": 24530, "typical_volume": 29181.55, "trend": 13.479694, "fair_value": 11.557322, "relative_strength": 3.622226, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.481961, "energy": 12.259395, "activity_lines": [ 14.022514, 14.238142, 14.288555, 13.96563 ] }, { "date": "2024-03-08", "close": 13.991496, "volume": 19690, "typical_volume": 28656.5, "trend": 13.560227, "fair_value": 11.574134, "relative_strength": 5.796755, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.807882, "energy": 12.289917, "activity_lines": [ 13.964427, 14.152239, 14.276655, 13.998649 ] }, { "date": "2024-03-15", "close": 12.731077, "volume": 42130, "typical_volume": 27755.2, "trend": 13.552942, "fair_value": 11.585019, "relative_strength": -3.611186, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.828347, "energy": 30.670395, "activity_lines": [ 13.538084, 13.854369, 14.138412, 13.945156 ] }, { "date": "2024-03-22", "close": 12.883343, "volume": 19470, "typical_volume": 27505.05, "trend": 13.572194, "fair_value": 11.593413, "relative_strength": -2.78908, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.934446, "energy": 47.577741, "activity_lines": [ 13.257239, 13.630366, 14.017819, 13.901956 ] }, { "date": "2024-03-29", "close": 12.976394, "volume": 16940, "typical_volume": 26236.3, "trend": 13.593476, "fair_value": 11.602641, "relative_strength": -2.952978, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.655485, "energy": 51.055202, "activity_lines": [ 13.09877, 13.466104, 13.907783, 13.863517 ] }, { "date": "2024-04-05", "close": 12.993313, "volume": 24750, "typical_volume": 26061.45, "trend": 13.633295, "fair_value": 11.613972, "relative_strength": -1.866014, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.226116, "energy": 57.216904, "activity_lines": [ 12.998388, 13.330757, 13.802451, 13.824797 ] }, { "date": "2024-04-12", "close": 12.883343, "volume": 29920, "typical_volume": 26105.1, "trend": 13.648524, "fair_value": 11.624836, "relative_strength": -2.090294, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.325076, "energy": 52.097368, "activity_lines": [ 12.921127, 13.193103, 13.689848, 13.776413 ] }, { "date": "2024-04-19", "close": 12.477302, "volume": 18700, "typical_volume": 26211.0, "trend": 13.645925, "fair_value": 11.631435, "relative_strength": -4.579278, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.283033, "energy": 53.914955, "activity_lines": [ 12.782397, 13.015922, 13.544179, 13.70085 ] }, { "date": "2024-04-26", "close": 12.257362, "volume": 37510, "typical_volume": 27394.6, "trend": 13.651287, "fair_value": 11.634534, "relative_strength": -7.292219, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.055428, "energy": 65.209586, "activity_lines": [ 12.587271, 12.829204, 13.387018, 13.611266 ] }, { "date": "2024-05-03", "close": 13.094823, "volume": 41470, "typical_volume": 27758.35, "trend": 13.68832, "fair_value": 11.643904, "relative_strength": -2.562545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.022738, "energy": 46.204763, "activity_lines": [ 12.713031, 12.83105, 13.319656, 13.575365 ] }, { "date": "2024-05-10", "close": 12.857965, "volume": 56650, "typical_volume": 28949.75, "trend": 13.715848, "fair_value": 11.647955, "relative_strength": -3.747473, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.397257, "energy": 40.133751, "activity_lines": [ 12.751943, 12.801981, 13.231766, 13.521793 ] }, { "date": "2024-05-17", "close": 12.443466, "volume": 22770, "typical_volume": 29327.8, "trend": 13.708365, "fair_value": 11.64821, "relative_strength": -7.310746, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.600372, "energy": 41.452768, "activity_lines": [ 12.661712, 12.716312, 13.113115, 13.439704 ] }, { "date": "2024-05-24", "close": 12.561894, "volume": 28820, "typical_volume": 29665.25, "trend": 13.680686, "fair_value": 11.647561, "relative_strength": -3.607876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.568995, "energy": 34.33079, "activity_lines": [ 12.640282, 12.680323, 13.017619, 13.365738 ] }, { "date": "2024-05-31", "close": 11.859781, "volume": 41360, "typical_volume": 30360.95, "trend": 13.6347, "fair_value": 11.639942, "relative_strength": -7.441639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.431204, "energy": 46.190761, "activity_lines": [ 12.379175, 12.519752, 12.868157, 13.248261 ] }, { "date": "2024-06-07", "close": 12.494221, "volume": 21450, "typical_volume": 30013.5, "trend": 13.596985, "fair_value": 11.634157, "relative_strength": -1.649571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.514869, "energy": 40.054165, "activity_lines": [ 12.356054, 12.493144, 12.795206, 13.174681 ] }, { "date": "2024-06-14", "close": 11.96975, "volume": 22990, "typical_volume": 29975.0, "trend": 13.540446, "fair_value": 11.62387, "relative_strength": -5.13975, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.65921, "energy": 47.989752, "activity_lines": [ 12.198149, 12.379944, 12.68137, 13.069698 ] }, { "date": "2024-06-21", "close": 11.335312, "volume": 18260, "typical_volume": 28600.0, "trend": 13.449613, "fair_value": 11.613649, "relative_strength": -11.422773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.062436, "energy": 65.951683, "activity_lines": [ 11.887979, 12.170003, 12.516617, 12.927432 ] }, { "date": "2024-06-28", "close": 12.282742, "volume": 18810, "typical_volume": 27390.0, "trend": 13.376948, "fair_value": 11.611638, "relative_strength": -6.020094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.808915, "energy": 40.65179, "activity_lines": [ 11.967495, 12.160467, 12.45845, 12.85215 ] }, { "date": "2024-07-05", "close": 12.240444, "volume": 18370, "typical_volume": 27747.5, "trend": 13.306093, "fair_value": 11.611161, "relative_strength": -8.029911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.73733, "energy": 36.877604, "activity_lines": [ 12.051523, 12.146779, 12.405157, 12.778827 ] }, { "date": "2024-07-12", "close": 12.553434, "volume": 25630, "typical_volume": 27511.0, "trend": 13.273839, "fair_value": 11.61554, "relative_strength": -7.553651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.336136, "energy": 25.481102, "activity_lines": [ 12.214503, 12.190305, 12.39126, 12.730268 ] }, { "date": "2024-07-19", "close": 12.265823, "volume": 21560, "typical_volume": 27362.5, "trend": 13.193098, "fair_value": 11.620213, "relative_strength": -8.773131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.952738, "energy": 16.937492, "activity_lines": [ 12.277665, 12.191382, 12.355731, 12.665235 ] }, { "date": "2024-07-26", "close": 11.665219, "volume": 16500, "typical_volume": 27203.0, "trend": 13.084021, "fair_value": 11.624694, "relative_strength": -13.018208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.272701, "energy": 24.837416, "activity_lines": [ 12.120888, 12.094024, 12.270737, 12.566662 ] }, { "date": "2024-08-02", "close": 11.699058, "volume": 17600, "typical_volume": 25976.5, "trend": 12.964952, "fair_value": 11.629011, "relative_strength": -11.551248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.306787, "energy": 30.875758, "activity_lines": [ 11.953396, 12.016969, 12.200042, 12.47731 ] }, { "date": "2024-08-09", "close": 11.783648, "volume": 31020, "typical_volume": 26554.0, "trend": 12.849788, "fair_value": 11.632826, "relative_strength": -14.03593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.718725, "energy": 36.826618, "activity_lines": [ 11.853014, 11.970981, 12.142318, 12.401097 ] }, { "date": "2024-08-16", "close": 12.881036, "volume": 60060, "typical_volume": 28710.0, "trend": 12.799238, "fair_value": 11.639647, "relative_strength": -8.101713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.307209, "energy": 15.812591, "activity_lines": [ 12.14888, 12.125903, 12.194344, 12.403113 ] }, { "date": "2024-08-23", "close": 12.425906, "volume": 78760, "typical_volume": 31410.5, "trend": 12.747898, "fair_value": 11.642497, "relative_strength": -12.195073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.310809, "energy": 11.650355, "activity_lines": [ 12.271197, 12.191041, 12.203478, 12.379027 ] }, { "date": "2024-08-30", "close": 12.597653, "volume": 26840, "typical_volume": 31256.5, "trend": 12.675495, "fair_value": 11.648796, "relative_strength": -11.043502, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.327097, "energy": 10.846485, "activity_lines": [ 12.44009, 12.279112, 12.231671, 12.369333 ] }, { "date": "2024-09-06", "close": 12.7694, "volume": 33110, "typical_volume": 31977.0, "trend": 12.629401, "fair_value": 11.657297, "relative_strength": -8.746008, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.309613, "energy": 13.944433, "activity_lines": [ 12.60407, 12.375458, 12.277582, 12.375392 ] }, { "date": "2024-09-13", "close": 12.382968, "volume": 26070, "typical_volume": 31405.0, "trend": 12.567042, "fair_value": 11.664807, "relative_strength": -11.500943, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.822805, "energy": 12.062299, "activity_lines": [ 12.567883, 12.392696, 12.285298, 12.359493 ] }, { "date": "2024-09-20", "close": 11.902078, "volume": 14190, "typical_volume": 30041.0, "trend": 12.505008, "fair_value": 11.667749, "relative_strength": -12.176976, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.336226, "energy": 9.697455, "activity_lines": [ 12.331445, 12.319907, 12.246617, 12.316592 ] }, { "date": "2024-09-27", "close": 11.850553, "volume": 10560, "typical_volume": 27736.5, "trend": 12.437027, "fair_value": 11.666623, "relative_strength": -13.420728, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.3805, "energy": 17.890526, "activity_lines": [ 12.143096, 12.249594, 12.208709, 12.274369 ] }, { "date": "2024-10-04", "close": 11.30955, "volume": 35640, "typical_volume": 28380.0, "trend": 12.347629, "fair_value": 11.664425, "relative_strength": -16.486921, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.115523, "energy": 40.449981, "activity_lines": [ 11.812769, 12.088466, 12.124074, 12.201629 ] }, { "date": "2024-10-11", "close": 11.206501, "volume": 14630, "typical_volume": 27670.5, "trend": 12.296809, "fair_value": 11.655913, "relative_strength": -15.822576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.804705, "energy": 58.437033, "activity_lines": [ 11.533966, 11.915069, 12.035024, 12.128008 ] }, { "date": "2024-10-18", "close": 11.2752, "volume": 19910, "typical_volume": 26598.0, "trend": 12.243205, "fair_value": 11.659053, "relative_strength": -15.22886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.140122, "energy": 63.875214, "activity_lines": [ 11.382256, 11.763118, 11.958971, 12.062097 ] }, { "date": "2024-10-25", "close": 10.811481, "volume": 24200, "typical_volume": 26735.5, "trend": 12.171041, "fair_value": 11.662718, "relative_strength": -17.793681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.585724, "energy": 72.982567, "activity_lines": [ 11.149824, 11.536099, 11.841538, 11.969728 ] }, { "date": "2024-11-01", "close": 11.154976, "volume": 14740, "typical_volume": 26323.0, "trend": 12.109763, "fair_value": 11.665614, "relative_strength": -13.59885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.664489, "energy": 65.968212, "activity_lines": [ 11.104597, 11.409162, 11.764832, 11.904175 ] }, { "date": "2024-11-08", "close": 10.510925, "volume": 24640, "typical_volume": 26642.0, "trend": 12.030682, "fair_value": 11.658344, "relative_strength": -17.920789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.705279, "energy": 68.727773, "activity_lines": [ 10.891058, 11.188233, 11.630668, 11.801025 ] }, { "date": "2024-11-15", "close": 10.811481, "volume": 13310, "typical_volume": 26367.0, "trend": 11.975155, "fair_value": 11.655828, "relative_strength": -15.146799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.824195, "energy": 66.296576, "activity_lines": [ 10.830946, 11.059891, 11.529054, 11.722366 ] }, { "date": "2024-11-22", "close": 10.777132, "volume": 11990, "typical_volume": 26048.0, "trend": 11.925814, "fair_value": 11.648732, "relative_strength": -15.826955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.94427, "energy": 66.173153, "activity_lines": [ 10.785719, 10.960902, 11.431175, 11.645075 ] }, { "date": "2024-11-29", "close": 10.296242, "volume": 30470, "typical_volume": 26290.0, "trend": 11.832528, "fair_value": 11.634433, "relative_strength": -16.87077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.168322, "energy": 69.936689, "activity_lines": [ 10.6134, 10.803675, 11.294464, 11.539941 ] }, { "date": "2024-12-06", "close": 9.566316, "volume": 19690, "typical_volume": 26196.5, "trend": 11.722806, "fair_value": 11.614784, "relative_strength": -22.372865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.908886, "energy": 80.785992, "activity_lines": [ 10.232122, 10.542932, 11.098985, 11.393734 ] }, { "date": "2024-12-13", "close": 9.428918, "volume": 26510, "typical_volume": 26697.0, "trend": 11.622321, "fair_value": 11.60077, "relative_strength": -22.237966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.977158, "energy": 87.852041, "activity_lines": [ 9.910955, 10.298739, 10.903276, 11.245741 ] }, { "date": "2024-12-20", "close": 8.887915, "volume": 25080, "typical_volume": 27071.0, "trend": 11.499855, "fair_value": 11.585875, "relative_strength": -24.629091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.78217, "energy": 93.526114, "activity_lines": [ 9.481587, 9.990375, 10.666692, 11.069328 ] }, { "date": "2024-12-27", "close": 9.403155, "volume": 86240, "typical_volume": 29832.0, "trend": 11.417968, "fair_value": 11.580656, "relative_strength": -18.50676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.222885, "energy": 84.930808, "activity_lines": [ 9.352204, 9.817847, 10.492564, 10.934057 ] }, { "date": "2025-01-03", "close": 8.587358, "volume": 23870, "typical_volume": 28022.5, "trend": 11.287739, "fair_value": 11.57392, "relative_strength": -23.826998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.896292, "energy": 87.748662, "activity_lines": [ 9.042487, 9.53103, 10.252077, 10.751437 ] }, { "date": "2025-01-10", "close": 8.561595, "volume": 34650, "typical_volume": 25817.0, "trend": 11.174134, "fair_value": 11.564247, "relative_strength": -23.577328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.349118, "energy": 75.746153, "activity_lines": [ 8.838108, 9.279966, 10.029583, 10.575556 ] }, { "date": "2025-01-17", "close": 9.06825, "volume": 21230, "typical_volume": 25536.5, "trend": 11.098565, "fair_value": 11.55599, "relative_strength": -20.74084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.088676, "energy": 59.276711, "activity_lines": [ 8.869595, 9.168175, 9.873743, 10.439693 ] }, { "date": "2025-01-24", "close": 9.145536, "volume": 25080, "typical_volume": 25135.0, "trend": 10.993992, "fair_value": 11.546347, "relative_strength": -19.572884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.53992, "energy": 54.217981, "activity_lines": [ 8.950889, 9.096666, 9.74207, 10.313691 ] }, { "date": "2025-01-31", "close": 10.27048, "volume": 35090, "typical_volume": 25586.0, "trend": 10.928326, "fair_value": 11.54238, "relative_strength": -11.686084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.651962, "energy": 32.898203, "activity_lines": [ 9.389989, 9.259982, 9.734792, 10.267013 ] }, { "date": "2025-02-07", "close": 10.210367, "volume": 26620, "typical_volume": 26207.5, "trend": 10.850224, "fair_value": 11.538276, "relative_strength": -10.601462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.972036, "energy": 23.459662, "activity_lines": [ 9.751231, 9.42158, 9.731847, 10.220693 ] }, { "date": "2025-02-14", "close": 10.631148, "volume": 16830, "typical_volume": 26521.0, "trend": 10.795735, "fair_value": 11.536126, "relative_strength": -8.999602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.637962, "energy": 20.89047, "activity_lines": [ 10.144531, 9.661245, 9.777033, 10.206559 ] }, { "date": "2025-02-21", "close": 10.94888, "volume": 78760, "typical_volume": 28677.0, "trend": 10.771857, "fair_value": 11.536558, "relative_strength": -5.070447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.800132, "energy": 25.990035, "activity_lines": [ 10.505773, 9.93932, 9.858286, 10.216439 ] }, { "date": "2025-02-28", "close": 9.690093, "volume": 155980, "typical_volume": 35744.5, "trend": 10.704891, "fair_value": 11.52996, "relative_strength": -12.491911, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.971962, "energy": 20.232208, "activity_lines": [ 10.322043, 9.960888, 9.821372, 10.146648 ] }, { "date": "2025-03-07", "close": 10.451838, "volume": 30580, "typical_volume": 36278.0, "trend": 10.660498, "fair_value": 11.527206, "relative_strength": -6.773576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.247345, "energy": 15.607738, "activity_lines": [ 10.355924, 10.10637, 9.864226, 10.130322 ] }, { "date": "2025-03-14", "close": 10.744134, "volume": 39270, "typical_volume": 37031.5, "trend": 10.589268, "fair_value": 11.520038, "relative_strength": -6.738316, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.322613, "energy": 13.521959, "activity_lines": [ 10.475147, 10.28593, 9.938838, 10.135718 ] }, { "date": "2025-03-21", "close": 10.256973, "volume": 46750, "typical_volume": 38632.0, "trend": 10.51697, "fair_value": 11.501529, "relative_strength": -12.79719, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.457542, "energy": 8.520074, "activity_lines": [ 10.396399, 10.337701, 9.967375, 10.11428 ] }, { "date": "2025-03-28", "close": 10.265829, "volume": 33330, "typical_volume": 39066.5, "trend": 10.439242, "fair_value": 11.488225, "relative_strength": -11.981872, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.779552, "energy": 13.559434, "activity_lines": [ 10.345547, 10.360257, 10.001031, 10.098077 ] }, { "date": "2025-04-04", "close": 10.274688, "volume": 29920, "typical_volume": 39897.0, "trend": 10.356085, "fair_value": 11.47587, "relative_strength": -8.256015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.861404, "energy": 6.398696, "activity_lines": [ 10.343185, 10.36265, 10.036698, 10.08746 ] }, { "date": "2025-04-11", "close": 10.248115, "volume": 26950, "typical_volume": 40645.0, "trend": 10.284924, "fair_value": 11.462899, "relative_strength": -8.357437, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.022834, "energy": 3.651582, "activity_lines": [ 10.292993, 10.339681, 10.072391, 10.080495 ] }, { "date": "2025-04-18", "close": 10.628987, "volume": 11880, "typical_volume": 39715.5, "trend": 10.242487, "fair_value": 11.454299, "relative_strength": -6.02832, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.54768, "energy": 9.436811, "activity_lines": [ 10.383339, 10.386368, 10.146876, 10.102692 ] }, { "date": "2025-04-25", "close": 10.628987, "volume": 25630, "typical_volume": 40012.5, "trend": 10.201768, "fair_value": 11.444066, "relative_strength": -9.217552, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.36333, "energy": 14.813516, "activity_lines": [ 10.481362, 10.425444, 10.219777, 10.127628 ] }, { "date": "2025-05-02", "close": 10.921284, "volume": 31020, "typical_volume": 40238.0, "trend": 10.188826, "fair_value": 11.437143, "relative_strength": -6.557767, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.286868, "energy": 28.304157, "activity_lines": [ 10.652016, 10.517705, 10.315455, 10.174048 ] }, { "date": "2025-05-09", "close": 11.054147, "volume": 14190, "typical_volume": 39693.5, "trend": 10.183748, "fair_value": 11.437309, "relative_strength": -5.961874, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.789218, "energy": 50.407364, "activity_lines": [ 10.823261, 10.634624, 10.416681, 10.229875 ] }, { "date": "2025-05-16", "close": 10.814995, "volume": 20020, "typical_volume": 36382.5, "trend": 10.168408, "fair_value": 11.434902, "relative_strength": -9.371915, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.453582, "energy": 47.646978, "activity_lines": [ 10.862825, 10.683259, 10.484814, 10.270601 ] }, { "date": "2025-05-23", "close": 10.850424, "volume": 27390, "typical_volume": 36558.5, "trend": 10.169706, "fair_value": 11.435148, "relative_strength": -7.713608, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.303086, "energy": 45.20597, "activity_lines": [ 10.876406, 10.731734, 10.549599, 10.314602 ] }, { "date": "2025-05-30", "close": 11.195867, "volume": 20240, "typical_volume": 35838.0, "trend": 10.171069, "fair_value": 11.435925, "relative_strength": -3.887374, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.561796, "energy": 48.039242, "activity_lines": [ 10.990373, 10.841084, 10.636507, 10.380806 ] }, { "date": "2025-06-06", "close": 10.859282, "volume": 13090, "typical_volume": 35431.0, "trend": 10.182681, "fair_value": 11.439397, "relative_strength": -5.638005, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.632481, "energy": 34.489619, "activity_lines": [ 10.954352, 10.872166, 10.678814, 10.425207 ] }, { "date": "2025-06-13", "close": 10.930141, "volume": 20900, "typical_volume": 35222.0, "trend": 10.186636, "fair_value": 11.4405, "relative_strength": -5.352781, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.083537, "energy": 32.249613, "activity_lines": [ 10.946085, 10.905341, 10.719342, 10.47343 ] }, { "date": "2025-06-20", "close": 10.761849, "volume": 13420, "typical_volume": 34138.5, "trend": 10.186126, "fair_value": 11.444684, "relative_strength": -6.424925, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.543569, "energy": 25.460919, "activity_lines": [ 10.889988, 10.896, 10.735343, 10.510541 ] }, { "date": "2025-06-27", "close": 10.628987, "volume": 10010, "typical_volume": 33308.0, "trend": 10.197218, "fair_value": 11.447768, "relative_strength": -6.953352, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.895241, "energy": 17.194135, "activity_lines": [ 10.793146, 10.853162, 10.736351, 10.539112 ] }, { "date": "2025-07-04", "close": 10.62013, "volume": 28160, "typical_volume": 33874.5, "trend": 10.232345, "fair_value": 11.45337, "relative_strength": -9.605947, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.836938, "energy": 15.749177, "activity_lines": [ 10.708114, 10.808714, 10.734523, 10.566397 ] }, { "date": "2025-07-11", "close": 9.583803, "volume": 52140, "typical_volume": 32543.5, "trend": 10.237508, "fair_value": 11.450942, "relative_strength": -14.723954, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -14.730108, "energy": 20.906367, "activity_lines": [ 10.316022, 10.576003, 10.634048, 10.524555 ] }, { "date": "2025-07-18", "close": 9.734381, "volume": 48840, "typical_volume": 27186.5, "trend": 10.265723, "fair_value": 11.449331, "relative_strength": -11.083253, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.829791, "energy": 40.689309, "activity_lines": [ 10.059155, 10.394988, 10.554415, 10.492096 ] }, { "date": "2025-07-25", "close": 9.734381, "volume": 44000, "typical_volume": 27857.5, "trend": 10.276764, "fair_value": 11.438512, "relative_strength": -10.789163, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.367939, "energy": 52.162944, "activity_lines": [ 9.882006, 10.237969, 10.474572, 10.457815 ] }, { "date": "2025-08-01", "close": 10.026678, "volume": 38610, "typical_volume": 27824.5, "trend": 10.324742, "fair_value": 11.430161, "relative_strength": -6.978636, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.484383, "energy": 56.210944, "activity_lines": [ 9.870786, 10.153743, 10.425982, 10.441681 ] }, { "date": "2025-08-08", "close": 11.071862, "volume": 40810, "typical_volume": 27527.5, "trend": 10.408417, "fair_value": 11.428411, "relative_strength": 0.298364, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.824216, "energy": 10.587592, "activity_lines": [ 10.248115, 10.274527, 10.48035, 10.489882 ] }, { "date": "2025-08-15", "close": 11.587391, "volume": 51920, "typical_volume": 28457.0, "trend": 10.492389, "fair_value": 11.431104, "relative_strength": 4.91649, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.594819, "energy": 25.151015, "activity_lines": [ 10.767172, 10.491298, 10.579936, 10.565945 ] }, { "date": "2025-08-22", "close": 11.974538, "volume": 100650, "typical_volume": 31993.5, "trend": 10.586689, "fair_value": 11.439813, "relative_strength": 7.26651, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.720164, "energy": 52.500672, "activity_lines": [ 11.281705, 10.765221, 10.7101, 10.661568 ] }, { "date": "2025-08-29", "close": 12.334674, "volume": 55110, "typical_volume": 33401.5, "trend": 10.655495, "fair_value": 11.450478, "relative_strength": 7.932701, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.953242, "energy": 76.307511, "activity_lines": [ 11.76694, 11.085634, 10.866467, 10.774341 ] }, { "date": "2025-09-05", "close": 12.208627, "volume": 36850, "typical_volume": 34650.0, "trend": 10.722104, "fair_value": 11.459932, "relative_strength": 6.152428, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.055618, "energy": 80.832761, "activity_lines": [ 12.036806, 11.354533, 11.000895, 10.874543 ] }, { "date": "2025-09-12", "close": 12.820858, "volume": 31130, "typical_volume": 34925.0, "trend": 10.795094, "fair_value": 11.474369, "relative_strength": 11.809129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.256331, "energy": 85.160729, "activity_lines": [ 12.365286, 11.706026, 11.186108, 11.009946 ] }, { "date": "2025-09-19", "close": 12.568764, "volume": 77000, "typical_volume": 37224.0, "trend": 10.84909, "fair_value": 11.487945, "relative_strength": 7.02926, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.999153, "energy": 77.777477, "activity_lines": [ 12.493135, 11.971671, 11.336874, 11.124377 ] }, { "date": "2025-09-26", "close": 12.16361, "volume": 26070, "typical_volume": 37818.0, "trend": 10.931541, "fair_value": 11.501946, "relative_strength": 4.01733, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.789651, "energy": 52.925774, "activity_lines": [ 12.420507, 12.109379, 11.44121, 11.209184 ] }, { "date": "2025-10-03", "close": 11.839486, "volume": 18810, "typical_volume": 37757.5, "trend": 10.977796, "fair_value": 11.509588, "relative_strength": 2.211104, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.635595, "energy": 44.574188, "activity_lines": [ 12.227234, 12.143988, 11.509393, 11.267762 ] }, { "date": "2025-10-10", "close": 10.930141, "volume": 18590, "typical_volume": 37317.5, "trend": 10.983996, "fair_value": 11.512458, "relative_strength": -3.080083, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.329646, "energy": 19.670726, "activity_lines": [ 11.763858, 11.974986, 11.486093, 11.264687 ] }, { "date": "2025-10-17", "close": 12.658797, "volume": 23430, "typical_volume": 37477.0, "trend": 11.064057, "fair_value": 11.521272, "relative_strength": 10.070396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.965373, "energy": 26.034883, "activity_lines": [ 11.961933, 12.103859, 11.627048, 11.372739 ] }, { "date": "2025-10-24", "close": 12.784844, "volume": 19140, "typical_volume": 37779.5, "trend": 11.148024, "fair_value": 11.531247, "relative_strength": 8.94696, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.648158, "energy": 29.436941, "activity_lines": [ 12.212828, 12.226797, 11.773041, 11.483757 ] }, { "date": "2025-10-31", "close": 13.442094, "volume": 34980, "typical_volume": 38483.5, "trend": 11.253604, "fair_value": 11.542211, "relative_strength": 11.89219, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.415674, "energy": 44.283724, "activity_lines": [ 12.6684, 12.447462, 11.97246, 11.631762 ] }, { "date": "2025-11-07", "close": 12.541753, "volume": 18260, "typical_volume": 38725.5, "trend": 11.330059, "fair_value": 11.552994, "relative_strength": 1.352046, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.373476, "energy": 52.533955, "activity_lines": [ 12.738627, 12.477747, 12.07417, 11.714868 ] }, { "date": "2025-11-14", "close": 13.189998, "volume": 32780, "typical_volume": 39864.0, "trend": 11.415426, "fair_value": 11.569142, "relative_strength": 4.131787, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.080834, "energy": 63.807019, "activity_lines": [ 12.978118, 12.622128, 12.229142, 11.834864 ] }, { "date": "2025-11-21", "close": 12.523746, "volume": 45430, "typical_volume": 40727.5, "trend": 11.478584, "fair_value": 11.580919, "relative_strength": 0.830004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.287616, "energy": 49.557737, "activity_lines": [ 12.844868, 12.627531, 12.308467, 11.906369 ] }, { "date": "2025-11-28", "close": 13.45, "volume": 73550, "typical_volume": 41798.0, "trend": 11.562875, "fair_value": 11.599136, "relative_strength": 5.292684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.428897, "energy": 40.906148, "activity_lines": [ 13.029372, 12.806744, 12.466941, 12.033557 ] }, { "date": "2025-12-05", "close": 13.0, "volume": 34700, "typical_volume": 41091.0, "trend": 11.627737, "fair_value": 11.617895, "relative_strength": 2.707572, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.462564, "energy": 36.055476, "activity_lines": [ 13.019532, 12.888118, 12.564147, 12.126275 ] }, { "date": "2025-12-12", "close": 13.11, "volume": 20300, "typical_volume": 39906.0, "trend": 11.704237, "fair_value": 11.635696, "relative_strength": 1.245691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.09076, "energy": 33.740437, "activity_lines": [ 13.075833, 12.974284, 12.656279, 12.221905 ] }, { "date": "2025-12-19", "close": 12.5, "volume": 82200, "typical_volume": 42085.5, "trend": 11.759223, "fair_value": 11.645909, "relative_strength": -2.210531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.48718, "energy": 25.850711, "activity_lines": [ 12.890916, 12.926441, 12.674242, 12.273244 ] }, { "date": "2025-12-26", "close": 12.29, "volume": 23600, "typical_volume": 41225.0, "trend": 11.795694, "fair_value": 11.653921, "relative_strength": -5.261236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.340995, "energy": 15.958441, "activity_lines": [ 12.682, 12.811873, 12.660427, 12.307488 ] }, { "date": "2026-01-02", "close": 12.25, "volume": 13300, "typical_volume": 39294.0, "trend": 11.842051, "fair_value": 11.667922, "relative_strength": -5.44602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.308735, "energy": 14.563981, "activity_lines": [ 12.475333, 12.696738, 12.637001, 12.336798 ] }, { "date": "2026-01-09", "close": 12.9, "volume": 33700, "typical_volume": 35946.5, "trend": 11.907713, "fair_value": 11.685283, "relative_strength": -2.315597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.656549, "energy": 16.706868, "activity_lines": [ 12.565333, 12.709509, 12.672326, 12.405053 ] }, { "date": "2026-01-16", "close": 12.22, "volume": 28600, "typical_volume": 34621.0, "trend": 11.956318, "fair_value": 11.698236, "relative_strength": -8.268522, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.814059, "energy": 9.669188, "activity_lines": [ 12.435333, 12.6085, 12.638481, 12.4252 ] }, { "date": "2026-01-23", "close": 13.3, "volume": 44400, "typical_volume": 34998.5, "trend": 12.045352, "fair_value": 11.717003, "relative_strength": -8.00181, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.582164, "energy": 19.929453, "activity_lines": [ 12.724667, 12.709704, 12.708039, 12.511889 ] }, { "date": "2026-01-30", "close": 13.1, "volume": 20100, "typical_volume": 34447.0, "trend": 12.128014, "fair_value": 11.733279, "relative_strength": -10.440904, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.063281, "energy": 24.479041, "activity_lines": [ 12.894, 12.772545, 12.753353, 12.579931 ] }, { "date": "2026-02-06", "close": 12.5, "volume": 31800, "typical_volume": 32187.0, "trend": 12.225221, "fair_value": 11.747371, "relative_strength": -15.007901, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.902624, "energy": 14.99046, "activity_lines": [ 12.809333, 12.715818, 12.740195, 12.60393 ] }, { "date": "2026-02-13", "close": 12.62, "volume": 31400, "typical_volume": 32453.5, "trend": 12.321408, "fair_value": 11.762334, "relative_strength": -15.501145, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.801766, "energy": 16.314859, "activity_lines": [ 12.748, 12.698182, 12.738793, 12.6294 ] }, { "date": "2026-02-20", "close": 12.89, "volume": 7600, "typical_volume": 31893.0, "trend": 12.426595, "fair_value": 11.783056, "relative_strength": -15.160639, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.256536, "energy": 14.311984, "activity_lines": [ 12.795333, 12.736545, 12.760932, 12.666083 ] }, { "date": "2026-02-27", "close": 12.67, "volume": 22500, "typical_volume": 32088.5, "trend": 12.514706, "fair_value": 11.801764, "relative_strength": -15.596807, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.525808, "energy": 7.73013, "activity_lines": [ 12.724667, 12.738909, 12.757115, 12.681787 ] }, { "date": "2026-03-06", "close": 12.5, "volume": 26500, "typical_volume": 32242.0, "trend": 12.562311, "fair_value": 11.819433, "relative_strength": -12.059443, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.339075, "energy": 5.511181, "activity_lines": [ 12.639333, 12.707273, 12.728824, 12.680838 ] }, { "date": "2026-03-13", "close": 12.3, "volume": 18200, "typical_volume": 32195.0, "trend": 12.586064, "fair_value": 11.83728, "relative_strength": -12.33306, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.0806, "energy": 12.829553, "activity_lines": [ 12.527333, 12.635455, 12.682241, 12.663915 ] }, { "date": "2026-03-20", "close": 12.46, "volume": 30200, "typical_volume": 31956.0, "trend": 12.602246, "fair_value": 11.85685, "relative_strength": -10.321633, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.436939, "energy": 18.939553, "activity_lines": [ 12.482, 12.591818, 12.653205, 12.655781 ] }, { "date": "2026-03-27", "close": 12.27, "volume": 18100, "typical_volume": 31948.0, "trend": 12.600091, "fair_value": 11.870858, "relative_strength": -14.070805, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.284499, "energy": 28.476428, "activity_lines": [ 12.384, 12.521636, 12.61075, 12.634346 ] }, { "date": "2026-04-03", "close": 12.93, "volume": 21700, "typical_volume": 31394.0, "trend": 12.624136, "fair_value": 11.889097, "relative_strength": -12.319286, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.556007, "energy": 9.631981, "activity_lines": [ 12.547333, 12.570545, 12.632446, 12.655631 ] }, { "date": "2026-04-10", "close": 13.05, "volume": 30500, "typical_volume": 30647.5, "trend": 12.631774, "fair_value": 11.904937, "relative_strength": -15.370573, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.819371, "energy": 12.683057, "activity_lines": [ 12.733333, 12.648, 12.66681, 12.683106 ] }, { "date": "2026-04-17", "close": 13.08, "volume": 22400, "typical_volume": 28090.0, "trend": 12.648816, "fair_value": 11.923064, "relative_strength": -14.166828, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.27634, "energy": 24.87542, "activity_lines": [ 12.892667, 12.731818, 12.701524, 12.712024 ] }, { "date": "2026-04-24", "close": 13.45, "volume": 43700, "typical_volume": 28540.0, "trend": 12.691695, "fair_value": 11.944126, "relative_strength": -9.242626, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.57612, "energy": 49.30515, "activity_lines": [ 13.123333, 12.872364, 12.773238, 12.763713 ] }, { "date": "2026-05-01", "close": 13.5, "volume": 25000, "typical_volume": 28775.0, "trend": 12.747046, "fair_value": 11.964843, "relative_strength": -7.037353, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.718449, "energy": 61.568612, "activity_lines": [ 13.304667, 13.006909, 12.847571, 12.815862 ] }, { "date": "2026-05-08", "close": 13.18, "volume": 37600, "typical_volume": 26545.0, "trend": 12.822041, "fair_value": 11.983356, "relative_strength": -7.442965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.535119, "energy": 57.96263, "activity_lines": [ 13.297333, 13.072182, 12.889571, 12.843794 ] }, { "date": "2026-05-15", "close": 12.2, "volume": 17700, "typical_volume": 26250.0, "trend": 12.806748, "fair_value": 11.995127, "relative_strength": -10.83027, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -8.446775, "energy": 10.278351, "activity_lines": [ 12.946667, 12.95, 12.835, 12.803662 ] }, { "date": "2026-05-22", "close": 12.05, "volume": 13000, "typical_volume": 26235.0, "trend": 12.782253, "fair_value": 12.003483, "relative_strength": -11.160858, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.338487, "energy": 16.18215, "activity_lines": [ 12.602667, 12.806, 12.766571, 12.75484 ] }, { "date": "2026-05-29", "close": 11.9, "volume": 14200, "typical_volume": 25260.0, "trend": 12.73085, "fair_value": 12.013587, "relative_strength": -10.749017, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.429756, "energy": 42.400513, "activity_lines": [ 12.277333, 12.639273, 12.68481, 12.69792 ] }, { "date": "2026-06-05", "close": 11.94, "volume": 3200, "typical_volume": 23990.0, "trend": 12.710791, "fair_value": 12.02226, "relative_strength": -7.710715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.026542, "energy": 54.483088, "activity_lines": [ 12.068667, 12.49, 12.611619, 12.646898 ] }, { "date": "2026-06-12", "close": 11.52, "volume": 3200, "typical_volume": 21930.0, "trend": 12.655125, "fair_value": 12.030132, "relative_strength": -11.783477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.057446, "energy": 74.417535, "activity_lines": [ 11.824, 12.270364, 12.499762, 12.570073 ] }, { "date": "2026-06-19", "close": 11.67, "volume": 3300, "typical_volume": 21090.0, "trend": 12.626667, "fair_value": 12.034264, "relative_strength": -9.0671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.370483, "energy": 73.271088, "activity_lines": [ 11.74, 12.103636, 12.410667, 12.506516 ] }, { "date": "2026-06-26", "close": 11.8, "volume": 2700, "typical_volume": 19635.0, "trend": 12.571667, "fair_value": 12.035447, "relative_strength": -10.341222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.559888, "energy": 67.011271, "activity_lines": [ 11.734667, 11.985636, 12.340762, 12.453183 ] }, { "date": "2026-07-03", "close": 12.1, "volume": 900, "typical_volume": 18110.0, "trend": 12.541667, "fair_value": 12.036203, "relative_strength": -8.443476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.965844, "energy": 48.091753, "activity_lines": [ 11.846, 11.945455, 12.302762, 12.422753 ] }, { "date": "2026-07-10", "close": 12.31, "volume": 16200, "typical_volume": 18540.0, "trend": 12.515, "fair_value": 12.039429, "relative_strength": -8.712819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.986528, "energy": 27.603845, "activity_lines": [ 12.014, 11.968, 12.287238, 12.407806 ] }, { "date": "2026-07-17", "close": 11.72, "volume": 15300, "typical_volume": 18180.0, "trend": 12.489, "fair_value": 12.040866, "relative_strength": -10.886126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.89115, "energy": 27.506138, "activity_lines": [ 11.960667, 11.904909, 12.218286, 12.356516 ] }, { "date": "2026-07-24", "close": 11.76, "volume": 10000, "typical_volume": 17355.0, "trend": 12.471333, "fair_value": 12.039085, "relative_strength": -10.629421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.394373, "energy": 26.229106, "activity_lines": [ 11.907333, 11.875636, 12.157667, 12.309484 ] }, { "date": "2026-07-31", "close": 11.88, "volume": 20600, "typical_volume": 17475.0, "trend": 12.459, "fair_value": 12.04027, "relative_strength": -11.522698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.88354, "energy": 24.179837, "activity_lines": [ 11.888, 11.876182, 12.112, 12.271333 ] }, { "date": "2026-08-07", "close": 11.5, "volume": 11200, "typical_volume": 16525.0, "trend": 12.412333, "fair_value": 12.039786, "relative_strength": -11.294438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.039708, "energy": 41.369508, "activity_lines": [ 11.736667, 11.810727, 12.032143, 12.209462 ] } ], "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." } } }