{ "ticker": { "uuid": "58f1c875-5d68-4334-89f8-d3cdc3f8a04f", "symbol": "VRANDA", "name": "Veranda Resort Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 76.666, "architecture_energy": 85.606, "architecture_maturity": 23.278, "architecture_confidence": 75.572, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.69, "rotation_up": 77.56, "upward_expansion": 98.51, "deceleration": 39.3, "rotation_down": 14.02, "downward_expansion": 20.51 }, "activity_lines": [ 4.632, 4.566182, 4.448634, 4.364367 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 4.68, "trend_reference": 4.289734, "distance_from_trend": 0.090977, "trend_direction": "Improving", "fair_value": 4.691091, "distance_from_fair_value": -0.002364, "fair_value_direction": "Improving", "relative_strength": -5.911818, "relative_strength_direction": "Improving", "price_momentum": 0.117973, "excess_performance": -0.074352, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090977, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024914, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.002364, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.136819, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.059118, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.093544, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.117973, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.8738, "read": "Demand-led" } ], "volume": { "latest": 63500, "relative_activity": 0.274191, "balance": 1.8738, "dry_up": 0.60117, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.027942, "annualized_volatility": 0.176404, "from_high_reference": 0.0, "from_low_reference": 0.22418 }, "levels": { "trend_reference": 4.289734, "fair_value_reference": 4.691091, "structural_low": 3.822967, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": -0.038001, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.03165, "regime_survival": 0.5, "best_return": 0.174825, "worst_return": -0.118012, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.041136, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.047154, "regime_survival": 0.166667, "best_return": -0.013986, "worst_return": -0.152, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.034246, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.034032, "regime_survival": 0.0, "best_return": -0.008584, "worst_return": -0.152, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.267081, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.138108, "regime_survival": 0.333333, "best_return": 0.238461, "worst_return": -0.275977, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-07-25", "tenure": "Extended", "return": -0.122914, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.039647, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": -0.008439, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-09-19", "tenure": "New", "return": -0.051502, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-12-05", "tenure": "Developing", "return": -0.022222, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-02-06", "tenure": "Developing", "return": -0.004545, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": 0.022321, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.077922, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.00939, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-05-15", "tenure": "Developing", "return": 0.036343, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": 0.022727, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-05", "end": "2026-06-12", "tenure": "New", "return": -0.013453, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.049327, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 5.947588, "volume": 816900, "typical_volume": 763705.0, "trend": 6.711172, "fair_value": 6.155058, "relative_strength": -8.600953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.436734, "energy": 76.200313, "activity_lines": [ 6.139646, 6.245813, 6.398083, 6.524561 ] }, { "date": "2023-08-25", "close": 5.994054, "volume": 864700, "typical_volume": 756410.0, "trend": 6.670902, "fair_value": 6.159173, "relative_strength": -10.278008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.80511, "energy": 78.717499, "activity_lines": [ 6.068399, 6.184985, 6.348962, 6.478295 ] }, { "date": "2023-09-01", "close": 6.319313, "volume": 1586500, "typical_volume": 803185.0, "trend": 6.638376, "fair_value": 6.165079, "relative_strength": -5.467828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.26882, "energy": 56.19817, "activity_lines": [ 6.127255, 6.193433, 6.335244, 6.455612 ] }, { "date": "2023-09-08", "close": 6.179916, "volume": 370300, "typical_volume": 724420.0, "trend": 6.601204, "fair_value": 6.172144, "relative_strength": -6.687272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.13201, "energy": 47.094517, "activity_lines": [ 6.142744, 6.179916, 6.310683, 6.426034 ] }, { "date": "2023-09-15", "close": 6.319313, "volume": 1010600, "typical_volume": 745510.0, "trend": 6.577971, "fair_value": 6.180103, "relative_strength": -4.310895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.555516, "energy": 29.479427, "activity_lines": [ 6.213991, 6.196813, 6.30139, 6.407847 ] }, { "date": "2023-09-22", "close": 6.04052, "volume": 462200, "typical_volume": 749815.0, "trend": 6.536152, "fair_value": 6.186275, "relative_strength": -7.214154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.975163, "energy": 29.907125, "activity_lines": [ 6.176819, 6.163865, 6.267094, 6.373173 ] }, { "date": "2023-09-29", "close": 6.04052, "volume": 505100, "typical_volume": 747605.0, "trend": 6.505175, "fair_value": 6.192154, "relative_strength": -3.867168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.250764, "energy": 37.310475, "activity_lines": [ 6.133451, 6.13683, 6.235454, 6.341197 ] }, { "date": "2023-10-06", "close": 5.668795, "volume": 645300, "typical_volume": 706685.0, "trend": 6.452514, "fair_value": 6.19565, "relative_strength": -7.296788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.466012, "energy": 57.024276, "activity_lines": [ 5.963077, 6.047278, 6.171508, 6.287237 ] }, { "date": "2023-10-13", "close": 5.62233, "volume": 651800, "typical_volume": 691695.0, "trend": 6.412244, "fair_value": 6.199141, "relative_strength": -8.456171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.593589, "energy": 81.605393, "activity_lines": [ 5.820583, 5.961951, 6.106899, 6.233676 ] }, { "date": "2023-10-20", "close": 5.390002, "volume": 448900, "typical_volume": 684095.0, "trend": 6.361132, "fair_value": 6.201436, "relative_strength": -8.675176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.921214, "energy": 90.122556, "activity_lines": [ 5.637818, 5.847054, 6.024367, 6.167725 ] }, { "date": "2023-10-27", "close": 5.436467, "volume": 246700, "typical_volume": 646775.0, "trend": 6.306922, "fair_value": 6.204029, "relative_strength": -6.810282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.074995, "energy": 89.238226, "activity_lines": [ 5.532496, 5.753278, 5.952678, 6.108069 ] }, { "date": "2023-11-03", "close": 5.482934, "volume": 93900, "typical_volume": 593720.0, "trend": 6.258908, "fair_value": 6.207506, "relative_strength": -7.789568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.019596, "energy": 84.293863, "activity_lines": [ 5.482933, 5.677244, 5.892494, 6.054909 ] }, { "date": "2023-11-10", "close": 5.390002, "volume": 23200, "typical_volume": 554935.0, "trend": 6.210893, "fair_value": 6.208921, "relative_strength": -7.161405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.655478, "energy": 83.446779, "activity_lines": [ 5.439565, 5.593606, 5.828548, 5.998851 ] }, { "date": "2023-11-17", "close": 5.20414, "volume": 619400, "typical_volume": 558670.0, "trend": 6.164428, "fair_value": 6.209145, "relative_strength": -11.90508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.980275, "energy": 73.790061, "activity_lines": [ 5.35283, 5.493071, 5.752212, 5.933899 ] }, { "date": "2023-11-24", "close": 5.018278, "volume": 309600, "typical_volume": 559460.0, "trend": 6.110218, "fair_value": 6.204952, "relative_strength": -13.722289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.998996, "energy": 79.399559, "activity_lines": [ 5.232019, 5.376485, 5.664149, 5.859954 ] }, { "date": "2023-12-01", "close": 4.925347, "volume": 278300, "typical_volume": 546440.0, "trend": 6.054459, "fair_value": 6.200457, "relative_strength": -14.090742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.402226, "energy": 89.405642, "activity_lines": [ 5.105014, 5.266657, 5.573652, 5.78351 ] }, { "date": "2023-12-08", "close": 4.971812, "volume": 161600, "typical_volume": 523650.0, "trend": 5.997152, "fair_value": 6.196259, "relative_strength": -13.14756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.276124, "energy": 86.523708, "activity_lines": [ 5.027571, 5.185554, 5.494439, 5.713662 ] }, { "date": "2023-12-15", "close": 4.925347, "volume": 160100, "typical_volume": 518960.0, "trend": 5.94604, "fair_value": 6.192057, "relative_strength": -14.345021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.528938, "energy": 87.231608, "activity_lines": [ 4.968715, 5.115433, 5.417218, 5.644513 ] }, { "date": "2023-12-22", "close": 4.646554, "volume": 748700, "typical_volume": 542420.0, "trend": 5.884086, "fair_value": 6.186361, "relative_strength": -19.692065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.637691, "energy": 90.628828, "activity_lines": [ 4.847904, 5.00814, 5.320304, 5.560676 ] }, { "date": "2023-12-29", "close": 4.627967, "volume": 515200, "typical_volume": 525950.0, "trend": 5.813768, "fair_value": 6.180838, "relative_strength": -20.283066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.85955, "energy": 85.423853, "activity_lines": [ 4.758071, 4.915209, 5.229585, 5.479636 ] }, { "date": "2024-01-05", "close": 4.739485, "volume": 1877500, "typical_volume": 578980.0, "trend": 5.740972, "fair_value": 6.176031, "relative_strength": -18.711235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.766931, "energy": 75.111785, "activity_lines": [ 4.731431, 4.856409, 5.156435, 5.410327 ] }, { "date": "2024-01-12", "close": 4.590795, "volume": 1423400, "typical_volume": 606915.0, "trend": 5.67561, "fair_value": 6.171151, "relative_strength": -20.078543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.58764, "energy": 72.416724, "activity_lines": [ 4.667618, 4.783247, 5.074877, 5.336122 ] }, { "date": "2024-01-19", "close": 4.572209, "volume": 580000, "typical_volume": 556590.0, "trend": 5.611178, "fair_value": 6.165271, "relative_strength": -18.201955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.143576, "energy": 69.733343, "activity_lines": [ 4.623011, 4.722926, 4.998231, 5.264935 ] }, { "date": "2024-01-26", "close": 4.646554, "volume": 524700, "typical_volume": 564310.0, "trend": 5.550773, "fair_value": 6.160161, "relative_strength": -15.643318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.458017, "energy": 64.42869, "activity_lines": [ 4.626729, 4.690992, 4.936985, 5.202701 ] }, { "date": "2024-02-02", "close": 4.609381, "volume": 360800, "typical_volume": 531820.0, "trend": 5.492226, "fair_value": 6.153934, "relative_strength": -16.888077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.068917, "energy": 64.071903, "activity_lines": [ 4.618055, 4.662436, 4.879501, 5.141966 ] }, { "date": "2024-02-09", "close": 4.693019, "volume": 428300, "typical_volume": 530125.0, "trend": 5.436468, "fair_value": 6.148242, "relative_strength": -15.233704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.087579, "energy": 58.562528, "activity_lines": [ 4.6385, 4.656523, 4.838124, 5.090404 ] }, { "date": "2024-02-16", "close": 4.590795, "volume": 279600, "typical_volume": 518850.0, "trend": 5.37885, "fair_value": 6.141895, "relative_strength": -16.577774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.438469, "energy": 59.120271, "activity_lines": [ 4.627967, 4.636247, 4.793429, 5.035845 ] }, { "date": "2024-02-23", "close": 4.693019, "volume": 160000, "typical_volume": 494585.0, "trend": 5.323092, "fair_value": 6.135617, "relative_strength": -14.987947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.071497, "energy": 49.547503, "activity_lines": [ 4.65151, 4.641485, 4.765373, 4.991598 ] }, { "date": "2024-03-01", "close": 4.609381, "volume": 452300, "typical_volume": 484610.0, "trend": 5.266094, "fair_value": 6.128216, "relative_strength": -14.223364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.28661, "energy": 46.752929, "activity_lines": [ 4.639119, 4.63574, 4.733997, 4.945552 ] }, { "date": "2024-03-08", "close": 4.646554, "volume": 263900, "typical_volume": 475360.0, "trend": 5.21808, "fair_value": 6.116362, "relative_strength": -14.221319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.851675, "energy": 43.026563, "activity_lines": [ 4.641597, 4.63743, 4.710986, 4.905582 ] }, { "date": "2024-03-15", "close": 4.878881, "volume": 345500, "typical_volume": 480300.0, "trend": 5.182456, "fair_value": 6.10717, "relative_strength": -9.530012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.932568, "energy": 27.58138, "activity_lines": [ 4.71904, 4.681023, 4.713641, 4.883698 ] }, { "date": "2024-03-22", "close": 5.111209, "volume": 597400, "typical_volume": 505475.0, "trend": 5.153028, "fair_value": 6.099467, "relative_strength": -4.573008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.867909, "energy": 17.245567, "activity_lines": [ 4.861534, 4.764323, 4.741078, 4.879101 ] }, { "date": "2024-03-29", "close": 5.250606, "volume": 364300, "typical_volume": 522530.0, "trend": 5.117404, "fair_value": 6.093245, "relative_strength": -1.467211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 23.633443, "energy": 37.516408, "activity_lines": [ 5.0158, 4.863505, 4.783561, 4.885396 ] }, { "date": "2024-04-05", "close": 5.297071, "volume": 299900, "typical_volume": 506555.0, "trend": 5.087976, "fair_value": 6.089373, "relative_strength": -0.156984, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.204971, "energy": 62.696977, "activity_lines": [ 5.148381, 4.958802, 4.831132, 4.896988 ] }, { "date": "2024-04-12", "close": 5.20414, "volume": 322300, "typical_volume": 507190.0, "trend": 5.050804, "fair_value": 6.085491, "relative_strength": -3.098317, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.251932, "energy": 68.529315, "activity_lines": [ 5.20414, 5.025374, 4.869411, 4.904482 ] }, { "date": "2024-04-19", "close": 5.111209, "volume": 318800, "typical_volume": 509215.0, "trend": 5.019827, "fair_value": 6.080134, "relative_strength": -0.036315, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.289508, "energy": 64.241771, "activity_lines": [ 5.191749, 5.064237, 4.897954, 4.908379 ] }, { "date": "2024-04-26", "close": 5.250606, "volume": 318200, "typical_volume": 517045.0, "trend": 4.993496, "fair_value": 6.074773, "relative_strength": 0.830978, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.094666, "energy": 60.92863, "activity_lines": [ 5.210336, 5.12084, 4.938888, 4.923268 ] }, { "date": "2024-05-03", "close": 5.20414, "volume": 371100, "typical_volume": 527595.0, "trend": 4.978008, "fair_value": 6.069114, "relative_strength": -0.537478, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.476268, "energy": 40.526551, "activity_lines": [ 5.20414, 5.156999, 4.974069, 4.936858 ] }, { "date": "2024-05-10", "close": 5.297071, "volume": 223900, "typical_volume": 501355.0, "trend": 4.967166, "fair_value": 6.063157, "relative_strength": 1.308957, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.912509, "energy": 43.342531, "activity_lines": [ 5.232019, 5.200761, 5.016773, 4.957443 ] }, { "date": "2024-05-17", "close": 5.111209, "volume": 1328700, "typical_volume": 542030.0, "trend": 4.957873, "fair_value": 6.056902, "relative_strength": -2.729645, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 47.591892, "energy": 39.373452, "activity_lines": [ 5.197945, 5.198226, 5.038679, 4.966736 ] }, { "date": "2024-05-24", "close": 5.808192, "volume": 1251000, "typical_volume": 510705.0, "trend": 4.970264, "fair_value": 6.055115, "relative_strength": 12.004721, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.996669, "energy": 61.163691, "activity_lines": [ 5.402393, 5.313968, 5.124662, 5.021595 ] }, { "date": "2024-05-31", "close": 5.808192, "volume": 895900, "typical_volume": 484330.0, "trend": 4.981105, "fair_value": 6.052732, "relative_strength": 13.619421, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.290919, "energy": 81.747475, "activity_lines": [ 5.560376, 5.412813, 5.205556, 5.075655 ] }, { "date": "2024-06-07", "close": 5.668795, "volume": 434100, "typical_volume": 477035.0, "trend": 4.990399, "fair_value": 6.04886, "relative_strength": 12.080214, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.013712, "energy": 77.288114, "activity_lines": [ 5.634721, 5.47364, 5.267377, 5.120022 ] }, { "date": "2024-06-14", "close": 5.436467, "volume": 701200, "typical_volume": 485860.0, "trend": 4.998143, "fair_value": 6.042902, "relative_strength": 9.663012, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.097226, "energy": 72.566654, "activity_lines": [ 5.600646, 5.484623, 5.30185, 5.148801 ] }, { "date": "2024-06-21", "close": 5.62233, "volume": 717100, "typical_volume": 503675.0, "trend": 5.018278, "fair_value": 6.03903, "relative_strength": 13.435125, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.633974, "energy": 53.496044, "activity_lines": [ 5.619232, 5.526864, 5.350263, 5.189071 ] }, { "date": "2024-06-28", "close": 5.482934, "volume": 133400, "typical_volume": 488930.0, "trend": 5.036864, "fair_value": 6.035158, "relative_strength": 11.132539, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.261972, "energy": 42.546455, "activity_lines": [ 5.557278, 5.536157, 5.380576, 5.219049 ] }, { "date": "2024-07-05", "close": 5.111209, "volume": 956800, "typical_volume": 522790.0, "trend": 5.041511, "fair_value": 6.031882, "relative_strength": 2.92293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.811576, "energy": 17.595254, "activity_lines": [ 5.3931, 5.471106, 5.371726, 5.223845 ] }, { "date": "2024-07-12", "close": 5.20414, "volume": 298600, "typical_volume": 529720.0, "trend": 5.050804, "fair_value": 6.028308, "relative_strength": 3.367525, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.998329, "energy": 19.19877, "activity_lines": [ 5.306364, 5.425485, 5.369248, 5.234338 ] }, { "date": "2024-07-19", "close": 5.018278, "volume": 245000, "typical_volume": 519355.0, "trend": 5.063195, "fair_value": 6.025031, "relative_strength": 0.968988, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.884383, "energy": 17.959148, "activity_lines": [ 5.188652, 5.346071, 5.346634, 5.232239 ] }, { "date": "2024-07-26", "close": 4.925347, "volume": 278700, "typical_volume": 520095.0, "trend": 5.073107, "fair_value": 6.021159, "relative_strength": 0.034007, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.384853, "energy": 32.289411, "activity_lines": [ 5.067841, 5.25483, 5.313223, 5.223346 ] }, { "date": "2024-08-02", "close": 5.018278, "volume": 65100, "typical_volume": 506075.0, "trend": 5.0824, "fair_value": 6.017883, "relative_strength": 1.62524, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.401817, "energy": 29.021858, "activity_lines": [ 5.024473, 5.183864, 5.287336, 5.219808 ] }, { "date": "2024-08-09", "close": 4.78595, "volume": 152600, "typical_volume": 483835.0, "trend": 5.088906, "fair_value": 6.012819, "relative_strength": -1.74504, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.899761, "energy": 46.580633, "activity_lines": [ 4.93464, 5.085019, 5.238657, 5.200683 ] }, { "date": "2024-08-16", "close": 4.78595, "volume": 261800, "typical_volume": 478710.0, "trend": 5.09603, "fair_value": 6.007458, "relative_strength": -2.070782, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.252156, "energy": 52.091952, "activity_lines": [ 4.86649, 5.004761, 5.191528, 5.181137 ] }, { "date": "2024-08-23", "close": 4.925347, "volume": 131100, "typical_volume": 470270.0, "trend": 5.105323, "fair_value": 6.000905, "relative_strength": -2.97404, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.119768, "energy": 46.540324, "activity_lines": [ 4.872686, 4.965899, 5.159887, 5.170125 ] }, { "date": "2024-08-30", "close": 4.971812, "volume": 335000, "typical_volume": 470905.0, "trend": 5.117404, "fair_value": 5.994352, "relative_strength": -2.166205, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.449512, "energy": 37.257417, "activity_lines": [ 4.900565, 4.944778, 5.134442, 5.161512 ] }, { "date": "2024-09-06", "close": 5.157674, "volume": 598900, "typical_volume": 484910.0, "trend": 5.132893, "fair_value": 5.988693, "relative_strength": -3.193534, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.14871, "energy": 16.233921, "activity_lines": [ 4.987301, 4.969278, 5.127804, 5.16411 ] }, { "date": "2024-09-13", "close": 5.111209, "volume": 76300, "typical_volume": 472815.0, "trend": 5.15024, "fair_value": 5.981842, "relative_strength": -3.59355, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.823917, "energy": 10.72076, "activity_lines": [ 5.049255, 4.991243, 5.116519, 5.162711 ] }, { "date": "2024-09-20", "close": 5.297071, "volume": 193800, "typical_volume": 463950.0, "trend": 5.170375, "fair_value": 5.976778, "relative_strength": -1.805254, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.00627, "energy": 17.375404, "activity_lines": [ 5.151479, 5.047002, 5.1236, 5.172184 ] }, { "date": "2024-09-27", "close": 5.343536, "volume": 293800, "typical_volume": 467445.0, "trend": 5.194847, "fair_value": 5.972013, "relative_strength": -0.622516, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.928826, "energy": 20.384388, "activity_lines": [ 5.235117, 5.109519, 5.134663, 5.183355 ] }, { "date": "2024-10-04", "close": 5.111209, "volume": 324200, "typical_volume": 417220.0, "trend": 5.210335, "fair_value": 5.96546, "relative_strength": -4.355576, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.760758, "energy": 16.614024, "activity_lines": [ 5.213433, 5.123881, 5.123378, 5.177959 ] }, { "date": "2024-10-11", "close": 5.111209, "volume": 142100, "typical_volume": 361775.0, "trend": 5.21808, "fair_value": 5.958014, "relative_strength": -5.842268, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.700714, "energy": 15.619698, "activity_lines": [ 5.182456, 5.134864, 5.112094, 5.171564 ] }, { "date": "2024-10-18", "close": 5.111209, "volume": 172700, "typical_volume": 325615.0, "trend": 5.21808, "fair_value": 5.950865, "relative_strength": -6.884404, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.685265, "energy": 10.185009, "activity_lines": [ 5.154577, 5.144157, 5.104128, 5.164669 ] }, { "date": "2024-10-25", "close": 5.018278, "volume": 77000, "typical_volume": 307760.0, "trend": 5.210335, "fair_value": 5.943419, "relative_strength": -6.690994, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.687029, "energy": 22.685185, "activity_lines": [ 5.09572, 5.13064, 5.090631, 5.151779 ] }, { "date": "2024-11-01", "close": 5.064743, "volume": 201900, "typical_volume": 282795.0, "trend": 5.202591, "fair_value": 5.937164, "relative_strength": -5.676482, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.598694, "energy": 22.953385, "activity_lines": [ 5.070939, 5.121347, 5.084657, 5.142386 ] }, { "date": "2024-11-08", "close": 4.971812, "volume": 109300, "typical_volume": 252405.0, "trend": 5.194847, "fair_value": 5.929717, "relative_strength": -7.204316, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.603636, "energy": 34.824662, "activity_lines": [ 5.033766, 5.092623, 5.071602, 5.127497 ] }, { "date": "2024-11-15", "close": 4.925347, "volume": 261900, "typical_volume": 258830.0, "trend": 5.188651, "fair_value": 5.922271, "relative_strength": -6.537263, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.556604, "energy": 47.093794, "activity_lines": [ 4.990398, 5.05545, 5.05722, 5.11011 ] }, { "date": "2024-11-22", "close": 4.925347, "volume": 470900, "typical_volume": 234535.0, "trend": 5.177809, "fair_value": 5.91542, "relative_strength": -6.683252, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.668258, "energy": 48.808007, "activity_lines": [ 4.959422, 5.022502, 5.045493, 5.093122 ] }, { "date": "2024-11-29", "close": 4.925347, "volume": 182200, "typical_volume": 228715.0, "trend": 5.168516, "fair_value": 5.910654, "relative_strength": -5.398078, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.592554, "energy": 50.387952, "activity_lines": [ 4.940835, 4.992933, 5.034651, 5.076834 ] }, { "date": "2024-12-06", "close": 4.878881, "volume": 73200, "typical_volume": 220125.0, "trend": 5.154577, "fair_value": 5.905293, "relative_strength": -7.749889, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.789784, "energy": 53.720804, "activity_lines": [ 4.912956, 4.961674, 5.020712, 5.058148 ] }, { "date": "2024-12-13", "close": 4.739485, "volume": 513100, "typical_volume": 231845.0, "trend": 5.142186, "fair_value": 5.899932, "relative_strength": -9.004906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.972006, "energy": 60.685034, "activity_lines": [ 4.851002, 4.913519, 4.99416, 5.031368 ] }, { "date": "2024-12-20", "close": 4.627967, "volume": 385100, "typical_volume": 247845.0, "trend": 5.102845, "fair_value": 5.892962, "relative_strength": -6.851934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.082054, "energy": 70.236602, "activity_lines": [ 4.767364, 4.851847, 4.957873, 4.998193 ] }, { "date": "2024-12-27", "close": 4.609381, "volume": 261900, "typical_volume": 253310.0, "trend": 5.062885, "fair_value": 5.885575, "relative_strength": -9.644659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.306469, "energy": 79.261262, "activity_lines": [ 4.697356, 4.795581, 4.921674, 4.966356 ] }, { "date": "2025-01-03", "close": 4.646554, "volume": 177200, "typical_volume": 249080.0, "trend": 5.02881, "fair_value": 5.878724, "relative_strength": -7.83526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.535059, "energy": 80.568802, "activity_lines": [ 4.660803, 4.755198, 4.889856, 4.939496 ] }, { "date": "2025-01-10", "close": 4.572209, "volume": 215900, "typical_volume": 253320.0, "trend": 5.000001, "fair_value": 5.871099, "relative_strength": -8.243955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.888135, "energy": 78.919652, "activity_lines": [ 4.618055, 4.708057, 4.851622, 4.910038 ] }, { "date": "2025-01-17", "close": 4.42352, "volume": 228000, "typical_volume": 247970.0, "trend": 4.960041, "fair_value": 5.862223, "relative_strength": -9.412555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.248399, "energy": 83.74728, "activity_lines": [ 4.546188, 4.642837, 4.800908, 4.872846 ] }, { "date": "2025-01-24", "close": 4.479278, "volume": 314000, "typical_volume": 233725.0, "trend": 4.926586, "fair_value": 5.854598, "relative_strength": -9.138857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.797113, "energy": 68.593342, "activity_lines": [ 4.513972, 4.597723, 4.758115, 4.841829 ] }, { "date": "2025-01-31", "close": 4.274829, "volume": 254000, "typical_volume": 242610.0, "trend": 4.898707, "fair_value": 5.844471, "relative_strength": -10.638813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.646641, "energy": 74.730467, "activity_lines": [ 4.423519, 4.523547, 4.699082, 4.79978 ] }, { "date": "2025-02-07", "close": 4.181898, "volume": 538700, "typical_volume": 259855.0, "trend": 4.864632, "fair_value": 5.834642, "relative_strength": -10.315449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.536362, "energy": 89.247609, "activity_lines": [ 4.324393, 4.444302, 4.635181, 4.753534 ] }, { "date": "2025-02-14", "close": 4.181898, "volume": 167900, "typical_volume": 253560.0, "trend": 4.836753, "fair_value": 5.824217, "relative_strength": -9.599566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.365574, "energy": 88.404089, "activity_lines": [ 4.256243, 4.378574, 4.57659, 4.709487 ] }, { "date": "2025-02-21", "close": 4.21907, "volume": 181200, "typical_volume": 246410.0, "trend": 4.81321, "fair_value": 5.814328, "relative_strength": -6.915482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.116352, "energy": 87.233656, "activity_lines": [ 4.226505, 4.332278, 4.527071, 4.669636 ] }, { "date": "2025-02-28", "close": 4.274829, "volume": 116800, "typical_volume": 245145.0, "trend": 4.788428, "fair_value": 5.80569, "relative_strength": -2.449172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.097303, "energy": 82.194604, "activity_lines": [ 4.228983, 4.305581, 4.48711, 4.634902 ] }, { "date": "2025-03-07", "close": 4.553623, "volume": 555600, "typical_volume": 264290.0, "trend": 4.780684, "fair_value": 5.798839, "relative_strength": 3.819399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.595505, "energy": 45.376577, "activity_lines": [ 4.338022, 4.335995, 4.477685, 4.619753 ] }, { "date": "2025-03-14", "close": 4.349174, "volume": 268300, "typical_volume": 273855.0, "trend": 4.766125, "fair_value": 5.790082, "relative_strength": 1.447247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.212685, "energy": 35.702139, "activity_lines": [ 4.360326, 4.33025, 4.451443, 4.591914 ] }, { "date": "2025-03-21", "close": 4.330588, "volume": 101600, "typical_volume": 268840.0, "trend": 4.7463, "fair_value": 5.781802, "relative_strength": -0.053107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.332582, "energy": 29.772601, "activity_lines": [ 4.365282, 4.326533, 4.426617, 4.563815 ] }, { "date": "2025-03-28", "close": 4.293416, "volume": 128900, "typical_volume": 269820.0, "trend": 4.723686, "fair_value": 5.772688, "relative_strength": 0.113021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.714942, "energy": 28.250029, "activity_lines": [ 4.347935, 4.32045, 4.401747, 4.534597 ] }, { "date": "2025-04-04", "close": 4.21907, "volume": 178900, "typical_volume": 265670.0, "trend": 4.6924, "fair_value": 5.762203, "relative_strength": 2.826876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.472231, "energy": 43.133533, "activity_lines": [ 4.30085, 4.303215, 4.373026, 4.502041 ] }, { "date": "2025-04-11", "close": 4.200484, "volume": 285700, "typical_volume": 256410.0, "trend": 4.662042, "fair_value": 5.751599, "relative_strength": 2.063776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.524196, "energy": 47.88247, "activity_lines": [ 4.251287, 4.287333, 4.345899, 4.470304 ] }, { "date": "2025-04-18", "close": 4.200484, "volume": 54700, "typical_volume": 250035.0, "trend": 4.625489, "fair_value": 5.7404, "relative_strength": 0.186188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.136523, "energy": 49.08808, "activity_lines": [ 4.225266, 4.272802, 4.322224, 4.440526 ] }, { "date": "2025-04-25", "close": 4.181898, "volume": 41100, "typical_volume": 248430.0, "trend": 4.586768, "fair_value": 5.728486, "relative_strength": -0.81757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.102216, "energy": 57.961753, "activity_lines": [ 4.202962, 4.254553, 4.30023, 4.411908 ] }, { "date": "2025-05-02", "close": 4.281723, "volume": 66500, "typical_volume": 226100.0, "trend": 4.559118, "fair_value": 5.718403, "relative_strength": -1.717884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.458863, "energy": 47.253979, "activity_lines": [ 4.223846, 4.254455, 4.291063, 4.392227 ] }, { "date": "2025-05-09", "close": 4.262608, "volume": 65700, "typical_volume": 210130.0, "trend": 4.530832, "fair_value": 5.708793, "relative_strength": -2.947831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.237707, "energy": 38.004615, "activity_lines": [ 4.239139, 4.249742, 4.282254, 4.373098 ] }, { "date": "2025-05-16", "close": 4.224378, "volume": 214100, "typical_volume": 207740.0, "trend": 4.501271, "fair_value": 5.698938, "relative_strength": -2.513389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.942104, "energy": 31.8592, "activity_lines": [ 4.238785, 4.2383, 4.271545, 4.353326 ] }, { "date": "2025-05-23", "close": 4.205263, "volume": 311100, "typical_volume": 214435.0, "trend": 4.47417, "fair_value": 5.686578, "relative_strength": -0.994987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.329174, "energy": 29.414216, "activity_lines": [ 4.230466, 4.22937, 4.260849, 4.334229 ] }, { "date": "2025-05-30", "close": 4.186149, "volume": 83100, "typical_volume": 207795.0, "trend": 4.444884, "fair_value": 5.672904, "relative_strength": 1.249186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.103092, "energy": 35.153424, "activity_lines": [ 4.215458, 4.21958, 4.250433, 4.315647 ] }, { "date": "2025-06-06", "close": 4.186149, "volume": 179900, "typical_volume": 205390.0, "trend": 4.418695, "fair_value": 5.656251, "relative_strength": 2.697972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.487115, "energy": 39.642575, "activity_lines": [ 4.200166, 4.212417, 4.241856, 4.298954 ] }, { "date": "2025-06-13", "close": 4.167034, "volume": 71000, "typical_volume": 193240.0, "trend": 4.393418, "fair_value": 5.640667, "relative_strength": 3.729107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.862227, "energy": 50.789115, "activity_lines": [ 4.184874, 4.203728, 4.232589, 4.282718 ] }, { "date": "2025-06-20", "close": 4.109689, "volume": 246100, "typical_volume": 192845.0, "trend": 4.366229, "fair_value": 5.623525, "relative_strength": 7.841804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.17758, "energy": 52.838199, "activity_lines": [ 4.156839, 4.18556, 4.219347, 4.264413 ] }, { "date": "2025-06-27", "close": 4.109689, "volume": 393500, "typical_volume": 185585.0, "trend": 4.339041, "fair_value": 5.607871, "relative_strength": 6.608219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.024941, "energy": 48.747414, "activity_lines": [ 4.13645, 4.169042, 4.206891, 4.247862 ] }, { "date": "2025-07-04", "close": 4.090574, "volume": 323400, "typical_volume": 193360.0, "trend": 4.312764, "fair_value": 5.595371, "relative_strength": 2.692317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.845236, "energy": 43.131027, "activity_lines": [ 4.116061, 4.150699, 4.192959, 4.231832 ] }, { "date": "2025-07-11", "close": 4.128804, "volume": 63100, "typical_volume": 187455.0, "trend": 4.292408, "fair_value": 5.584904, "relative_strength": 3.667697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.646044, "energy": 40.276807, "activity_lines": [ 4.114786, 4.140968, 4.183103, 4.219964 ] }, { "date": "2025-07-18", "close": 4.319952, "volume": 577800, "typical_volume": 210505.0, "trend": 4.28214, "fair_value": 5.574768, "relative_strength": 0.910934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.579116, "energy": 13.947695, "activity_lines": [ 4.181051, 4.168771, 4.191881, 4.221741 ] }, { "date": "2025-07-25", "close": 4.319952, "volume": 47200, "typical_volume": 185085.0, "trend": 4.272493, "fair_value": 5.564335, "relative_strength": 0.15326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.695221, "energy": 11.86561, "activity_lines": [ 4.237121, 4.195532, 4.200444, 4.22418 ] }, { "date": "2025-08-01", "close": 4.339067, "volume": 62400, "typical_volume": 174790.0, "trend": 4.262243, "fair_value": 5.550747, "relative_strength": 0.641139, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.076341, "energy": 23.784505, "activity_lines": [ 4.285545, 4.22403, 4.211941, 4.228475 ] }, { "date": "2025-08-08", "close": 4.5111, "volume": 370700, "typical_volume": 188245.0, "trend": 4.260206, "fair_value": 5.538263, "relative_strength": 1.304597, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.531864, "energy": 39.893428, "activity_lines": [ 4.376022, 4.281375, 4.23987, 4.244531 ] }, { "date": "2025-08-15", "close": 4.530215, "volume": 90800, "typical_volume": 186340.0, "trend": 4.263763, "fair_value": 5.526496, "relative_strength": 1.747601, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.575491, "energy": 64.411203, "activity_lines": [ 4.444835, 4.336286, 4.268759, 4.261951 ] }, { "date": "2025-08-22", "close": 4.491985, "volume": 352500, "typical_volume": 195020.0, "trend": 4.264186, "fair_value": 5.513889, "relative_strength": 1.402703, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.257278, "energy": 72.894857, "activity_lines": [ 4.474145, 4.377991, 4.29288, 4.276675 ] }, { "date": "2025-08-29", "close": 4.453756, "volume": 89300, "typical_volume": 185200.0, "trend": 4.270151, "fair_value": 5.499845, "relative_strength": 1.935405, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.368711, "energy": 69.945051, "activity_lines": [ 4.479242, 4.406838, 4.312061, 4.288905 ] }, { "date": "2025-09-05", "close": 4.434641, "volume": 413300, "typical_volume": 203130.0, "trend": 4.278575, "fair_value": 5.485679, "relative_strength": -0.70672, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.581728, "energy": 53.129039, "activity_lines": [ 4.469048, 4.425952, 4.328215, 4.299517 ] }, { "date": "2025-09-12", "close": 4.281723, "volume": 251800, "typical_volume": 213665.0, "trend": 4.281903, "fair_value": 5.471426, "relative_strength": -6.124071, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.260485, "energy": 24.776001, "activity_lines": [ 4.401509, 4.411356, 4.32869, 4.29972 ] }, { "date": "2025-09-19", "close": 4.224378, "volume": 680900, "typical_volume": 244385.0, "trend": 4.28208, "fair_value": 5.453231, "relative_strength": -7.12382, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.205371, "energy": 15.337605, "activity_lines": [ 4.330147, 4.382857, 4.323229, 4.296009 ] }, { "date": "2025-09-26", "close": 4.300838, "volume": 234000, "typical_volume": 252800.0, "trend": 4.282947, "fair_value": 5.436122, "relative_strength": -4.240774, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.205354, "energy": 20.768123, "activity_lines": [ 4.304661, 4.366523, 4.325323, 4.297219 ] }, { "date": "2025-10-03", "close": 4.319952, "volume": 127600, "typical_volume": 248475.0, "trend": 4.275158, "fair_value": 5.413775, "relative_strength": -4.81684, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.462653, "energy": 21.190755, "activity_lines": [ 4.298289, 4.354011, 4.329054, 4.299607 ] }, { "date": "2025-10-10", "close": 4.319952, "volume": 47500, "typical_volume": 235295.0, "trend": 4.274184, "fair_value": 5.393512, "relative_strength": -4.263462, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.970943, "energy": 17.653076, "activity_lines": [ 4.300837, 4.3415, 4.332331, 4.302497 ] }, { "date": "2025-10-17", "close": 4.300838, "volume": 53500, "typical_volume": 233815.0, "trend": 4.273192, "fair_value": 5.373424, "relative_strength": -3.732209, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.189411, "energy": 9.432482, "activity_lines": [ 4.304661, 4.325861, 4.333242, 4.304216 ] }, { "date": "2025-10-24", "close": 4.300838, "volume": 16200, "typical_volume": 225630.0, "trend": 4.273439, "fair_value": 5.352443, "relative_strength": -6.531738, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.805052, "energy": 7.614628, "activity_lines": [ 4.307209, 4.314044, 4.333606, 4.306 ] }, { "date": "2025-10-31", "close": 4.300838, "volume": 355300, "typical_volume": 239845.0, "trend": 4.276165, "fair_value": 5.332058, "relative_strength": -6.126863, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.435067, "energy": 7.240963, "activity_lines": [ 4.304661, 4.306398, 4.333424, 4.307767 ] }, { "date": "2025-11-07", "close": 4.281723, "volume": 175000, "typical_volume": 236290.0, "trend": 4.278873, "fair_value": 5.313337, "relative_strength": -6.015512, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.76009, "energy": 9.14646, "activity_lines": [ 4.295741, 4.298752, 4.330784, 4.308126 ] }, { "date": "2025-11-14", "close": 4.300838, "volume": 126300, "typical_volume": 222930.0, "trend": 4.282218, "fair_value": 5.299803, "relative_strength": -3.079448, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.17755, "energy": 10.451536, "activity_lines": [ 4.295741, 4.29771, 4.329146, 4.309543 ] }, { "date": "2025-11-21", "close": 4.224378, "volume": 183800, "typical_volume": 215950.0, "trend": 4.283634, "fair_value": 5.283991, "relative_strength": -3.654708, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.679122, "energy": 23.119357, "activity_lines": [ 4.271528, 4.285198, 4.319315, 4.305811 ] }, { "date": "2025-11-28", "close": 4.224378, "volume": 28100, "typical_volume": 214200.0, "trend": 4.281723, "fair_value": 5.268774, "relative_strength": -3.783301, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.185123, "energy": 27.650273, "activity_lines": [ 4.252413, 4.273729, 4.308848, 4.301989 ] }, { "date": "2025-12-05", "close": 4.205263, "volume": 19900, "typical_volume": 186305.0, "trend": 4.279811, "fair_value": 5.253734, "relative_strength": -5.472433, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.570873, "energy": 34.826192, "activity_lines": [ 4.232024, 4.258785, 4.296104, 4.297056 ] }, { "date": "2025-12-12", "close": 4.167034, "volume": 17100, "typical_volume": 184800.0, "trend": 4.2779, "fair_value": 5.237554, "relative_strength": -4.869038, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.941214, "energy": 49.130453, "activity_lines": [ 4.205263, 4.238628, 4.280266, 4.28978 ] }, { "date": "2025-12-19", "close": 4.147919, "volume": 56600, "typical_volume": 184510.0, "trend": 4.275988, "fair_value": 5.221252, "relative_strength": -5.120366, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.463127, "energy": 59.110451, "activity_lines": [ 4.179777, 4.217775, 4.263336, 4.281394 ] }, { "date": "2025-12-26", "close": 4.167034, "volume": 101500, "typical_volume": 171050.0, "trend": 4.275351, "fair_value": 5.203285, "relative_strength": -5.228049, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.893785, "energy": 69.616364, "activity_lines": [ 4.170857, 4.203526, 4.249137, 4.274365 ] }, { "date": "2026-01-02", "close": 4.205263, "volume": 26800, "typical_volume": 167850.0, "trend": 4.275988, "fair_value": 5.184968, "relative_strength": -4.381479, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.745739, "energy": 65.889419, "activity_lines": [ 4.178503, 4.19866, 4.240216, 4.269843 ] }, { "date": "2026-01-09", "close": 4.147919, "volume": 121800, "typical_volume": 156315.0, "trend": 4.275351, "fair_value": 5.165687, "relative_strength": -5.247557, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.24857, "energy": 60.258236, "activity_lines": [ 4.168308, 4.185106, 4.227382, 4.26158 ] }, { "date": "2026-01-16", "close": 4.205263, "volume": 161400, "typical_volume": 159920.0, "trend": 4.278537, "fair_value": 5.145583, "relative_strength": -5.555991, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.195019, "energy": 35.740871, "activity_lines": [ 4.181051, 4.184758, 4.221648, 4.257058 ] }, { "date": "2026-01-23", "close": 4.281723, "volume": 199200, "typical_volume": 149215.0, "trend": 4.284271, "fair_value": 5.126862, "relative_strength": -6.650765, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.272871, "energy": 16.002191, "activity_lines": [ 4.216732, 4.199703, 4.224378, 4.257264 ] }, { "date": "2026-01-30", "close": 4.300838, "volume": 58400, "typical_volume": 139545.0, "trend": 4.29128, "fair_value": 5.107668, "relative_strength": -7.024436, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.171626, "energy": 15.58661, "activity_lines": [ 4.249865, 4.21847, 4.229658, 4.258333 ] }, { "date": "2026-02-06", "close": 4.186149, "volume": 63900, "typical_volume": 108695.0, "trend": 4.293192, "fair_value": 5.087739, "relative_strength": -11.318112, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.08745, "energy": 22.919124, "activity_lines": [ 4.235847, 4.214995, 4.223923, 4.25155 ] }, { "date": "2026-02-13", "close": 4.281723, "volume": 219900, "typical_volume": 107990.0, "trend": 4.291917, "fair_value": 5.07021, "relative_strength": -13.998675, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.212653, "energy": 13.833907, "activity_lines": [ 4.254962, 4.229592, 4.227473, 4.25081 ] }, { "date": "2026-02-20", "close": 4.377296, "volume": 358100, "typical_volume": 119515.0, "trend": 4.293829, "fair_value": 5.051506, "relative_strength": -14.80718, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.452091, "energy": 29.924451, "activity_lines": [ 4.297015, 4.260175, 4.240216, 4.256319 ] }, { "date": "2026-02-27", "close": 4.415526, "volume": 523900, "typical_volume": 143335.0, "trend": 4.296377, "fair_value": 5.035132, "relative_strength": -16.48696, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.531295, "energy": 45.897667, "activity_lines": [ 4.340341, 4.293887, 4.256327, 4.26417 ] }, { "date": "2026-03-06", "close": 4.07146, "volume": 1142000, "typical_volume": 197760.0, "trend": 4.281723, "fair_value": 5.014766, "relative_strength": -16.137481, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -42.647637, "energy": 20.690199, "activity_lines": [ 4.260059, 4.260175, 4.239215, 4.249659 ] }, { "date": "2026-03-13", "close": 4.07146, "volume": 338000, "typical_volume": 213850.0, "trend": 4.266431, "fair_value": 4.99708, "relative_strength": -15.692246, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.08927, "energy": 23.811175, "activity_lines": [ 4.195069, 4.228201, 4.223195, 4.236094 ] }, { "date": "2026-03-20", "close": 4.033229, "volume": 41600, "typical_volume": 198165.0, "trend": 4.251139, "fair_value": 4.978554, "relative_strength": -17.474936, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.021319, "energy": 42.489894, "activity_lines": [ 4.124981, 4.191709, 4.204626, 4.221049 ] }, { "date": "2026-03-27", "close": 4.014115, "volume": 244800, "typical_volume": 201655.0, "trend": 4.236484, "fair_value": 4.959011, "relative_strength": -18.259137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.313743, "energy": 52.849121, "activity_lines": [ 4.065088, 4.153827, 4.185511, 4.205757 ] }, { "date": "2026-04-03", "close": 4.033229, "volume": 50000, "typical_volume": 197840.0, "trend": 4.223104, "fair_value": 4.940485, "relative_strength": -17.808045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.737165, "energy": 66.289838, "activity_lines": [ 4.035778, 4.122896, 4.169491, 4.192643 ] }, { "date": "2026-04-10", "close": 4.014115, "volume": 270400, "typical_volume": 202170.0, "trend": 4.214184, "fair_value": 4.922431, "relative_strength": -20.587479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.264015, "energy": 64.726089, "activity_lines": [ 4.025584, 4.093007, 4.152925, 4.17916 ] }, { "date": "2026-04-17", "close": 4.014115, "volume": 593700, "typical_volume": 230450.0, "trend": 4.207175, "fair_value": 4.905867, "relative_strength": -18.842757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.401341, "energy": 53.692708, "activity_lines": [ 4.019212, 4.068331, 4.13736, 4.166253 ] }, { "date": "2026-04-24", "close": 3.95677, "volume": 386500, "typical_volume": 248780.0, "trend": 4.195706, "fair_value": 4.888638, "relative_strength": -18.134148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.016746, "energy": 44.641597, "activity_lines": [ 3.997549, 4.036357, 4.117335, 4.150097 ] }, { "date": "2026-05-01", "close": 3.995, "volume": 207800, "typical_volume": 258315.0, "trend": 4.184874, "fair_value": 4.871951, "relative_strength": -19.002571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.690766, "energy": 38.580479, "activity_lines": [ 3.993726, 4.017243, 4.102134, 4.137149 ] }, { "date": "2026-05-08", "close": 4.18, "volume": 184700, "typical_volume": 264720.0, "trend": 4.180209, "fair_value": 4.855855, "relative_strength": -15.266257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.492823, "energy": 21.696096, "activity_lines": [ 4.052844, 4.038715, 4.105372, 4.136834 ] }, { "date": "2026-05-15", "close": 4.16, "volume": 650100, "typical_volume": 292150.0, "trend": 4.175515, "fair_value": 4.841119, "relative_strength": -16.260858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.046315, "energy": 13.858012, "activity_lines": [ 4.09551, 4.060833, 4.106551, 4.13553 ] }, { "date": "2026-05-22", "close": 4.4, "volume": 266000, "typical_volume": 304110.0, "trend": 4.17882, "fair_value": 4.827625, "relative_strength": -12.253701, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.487286, "energy": 21.542398, "activity_lines": [ 4.208451, 4.124978, 4.130622, 4.150013 ] }, { "date": "2026-05-29", "close": 4.5, "volume": 79000, "typical_volume": 301970.0, "trend": 4.185459, "fair_value": 4.813282, "relative_strength": -11.555172, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.628791, "energy": 41.645229, "activity_lines": [ 4.329, 4.201331, 4.163289, 4.170735 ] }, { "date": "2026-06-05", "close": 4.46, "volume": 41200, "typical_volume": 295960.0, "trend": 4.191401, "fair_value": 4.797491, "relative_strength": -12.681559, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.264593, "energy": 69.999618, "activity_lines": [ 4.4, 4.261925, 4.19047, 4.188447 ] }, { "date": "2026-06-12", "close": 4.4, "volume": 33100, "typical_volume": 287655.0, "trend": 4.194707, "fair_value": 4.783698, "relative_strength": -13.900324, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.739191, "energy": 78.095905, "activity_lines": [ 4.42, 4.303503, 4.210723, 4.201905 ] }, { "date": "2026-06-19", "close": 4.46, "volume": 43200, "typical_volume": 286895.0, "trend": 4.202561, "fair_value": 4.770588, "relative_strength": -11.081411, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.018968, "energy": 78.466097, "activity_lines": [ 4.445333, 4.349321, 4.236128, 4.219021 ] }, { "date": "2026-06-26", "close": 4.38, "volume": 65600, "typical_volume": 286980.0, "trend": 4.207748, "fair_value": 4.757263, "relative_strength": -10.452148, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.260818, "energy": 67.088936, "activity_lines": [ 4.424, 4.372487, 4.253156, 4.230468 ] }, { "date": "2026-07-03", "close": 4.42, "volume": 2400, "typical_volume": 276105.0, "trend": 4.214906, "fair_value": 4.74479, "relative_strength": -13.021117, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.962087, "energy": 46.573441, "activity_lines": [ 4.417333, 4.396273, 4.27307, 4.244162 ] }, { "date": "2026-07-10", "close": 4.56, "volume": 956400, "typical_volume": 306020.0, "trend": 4.228005, "fair_value": 4.733215, "relative_strength": -10.358592, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.535775, "energy": 52.997238, "activity_lines": [ 4.462667, 4.437091, 4.305659, 4.266426 ] }, { "date": "2026-07-17", "close": 4.62, "volume": 267300, "typical_volume": 293190.0, "trend": 4.243741, "fair_value": 4.722322, "relative_strength": -9.726775, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.783875, "energy": 57.677618, "activity_lines": [ 4.521333, 4.478545, 4.343092, 4.291716 ] }, { "date": "2026-07-24", "close": 4.6, "volume": 147400, "typical_volume": 243460.0, "trend": 4.258173, "fair_value": 4.711003, "relative_strength": -9.956085, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.831062, "energy": 72.087164, "activity_lines": [ 4.558667, 4.508364, 4.377647, 4.314701 ] }, { "date": "2026-07-31", "close": 4.62, "volume": 78700, "typical_volume": 230495.0, "trend": 4.271998, "fair_value": 4.70011, "relative_strength": -8.134883, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.427057, "energy": 78.478182, "activity_lines": [ 4.593333, 4.533818, 4.41159, 4.338044 ] }, { "date": "2026-08-07", "close": 4.68, "volume": 63500, "typical_volume": 231590.0, "trend": 4.289734, "fair_value": 4.691091, "relative_strength": -5.911818, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.665704, "energy": 85.60562, "activity_lines": [ 4.632, 4.566182, 4.448634, 4.364367 ] } ], "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." } } }