{ "ticker": { "uuid": "59384361-9607-4b65-bd84-559f64d68a67", "symbol": "600121", "name": "Zhengzhou Coal Industry & Electric Power Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -52.375, "architecture_energy": 32.769, "architecture_maturity": 39.011, "architecture_confidence": 69.833, "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": 27.74, "rotation_up": 22.88, "upward_expansion": 8.26, "deceleration": 59.85, "rotation_down": 44.23, "downward_expansion": 70.26 }, "activity_lines": [ 3.758667, 3.771091, 3.965143, 4.130667 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 4.0, "trend_reference": 4.307333, "distance_from_trend": -0.071351, "trend_direction": "Weakening", "fair_value": 4.052949, "distance_from_fair_value": -0.013064, "fair_value_direction": "Weakening", "relative_strength": -7.858213, "relative_strength_direction": "Improving", "price_momentum": -0.118943, "excess_performance": -0.075739, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.071351, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.053749, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.013064, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.032927, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078582, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.043521, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.118943, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.206094, "read": "Demand-led" } ], "volume": { "latest": 434665997, "relative_activity": 1.469088, "balance": 1.206094, "dry_up": 1.230115, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.135, "annualized_volatility": 0.635307, "from_high_reference": -0.342105, "from_low_reference": 0.197605 }, "levels": { "trend_reference": 4.307333, "fair_value_reference": 4.052949, "structural_low": 3.34, "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": 36, "median_return": -0.008983, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.006747, "regime_survival": 0.777778, "best_return": 0.304054, "worst_return": -0.156909, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.073563, "positive_rate": 0.307692, "directional_follow_through": 0.692308, "median_excess_return": -0.018544, "regime_survival": 0.692308, "best_return": 0.478908, "worst_return": -0.143258, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.102713, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.067006, "regime_survival": 0.571429, "best_return": 0.497268, "worst_return": -0.192225, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.005675, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.11934, "regime_survival": 0.5, "best_return": 0.128415, "worst_return": -0.275194, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-03-14", "tenure": "Developing", "return": 0.058824, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-05-02", "tenure": "Developing", "return": -0.122249, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-06-20", "tenure": "Developing", "return": 0.032787, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": 0.048223, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": -0.092308, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-10-17", "tenure": "Developing", "return": 0.225248, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-12-05", "tenure": "Developing", "return": -0.130859, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2026-01-30", "tenure": "Developing", "return": 0.013393, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-03-06", "tenure": "New", "return": 0.097222, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-04-03", "tenure": "New", "return": -0.256637, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": -0.007143, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": 0.228235, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-07-03", "tenure": "New", "return": -0.18847, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.129944, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 4.64, "volume": 72276899, "typical_volume": 74120919.15, "trend": 4.796, "fair_value": 4.820321, "relative_strength": -11.123734, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.432125, "energy": 14.961717, "activity_lines": [ 4.644667, 4.584364, 4.575, 4.658129 ] }, { "date": "2023-08-04", "close": 4.59, "volume": 110187833, "typical_volume": 76516226.45, "trend": 4.781, "fair_value": 4.836859, "relative_strength": -12.138852, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.644056, "energy": 9.740091, "activity_lines": [ 4.616667, 4.594364, 4.573476, 4.644839 ] }, { "date": "2023-08-11", "close": 4.41, "volume": 65298873, "typical_volume": 76898594.5, "trend": 4.756, "fair_value": 4.852372, "relative_strength": -12.698285, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.501811, "energy": 24.176399, "activity_lines": [ 4.536, 4.568909, 4.55581, 4.620903 ] }, { "date": "2023-08-18", "close": 4.37, "volume": 40346692, "typical_volume": 75040033.15, "trend": 4.724333, "fair_value": 4.867692, "relative_strength": -11.689003, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.144608, "energy": 32.410403, "activity_lines": [ 4.472, 4.537273, 4.536, 4.596 ] }, { "date": "2023-08-25", "close": 4.24, "volume": 128263314, "typical_volume": 79607952.9, "trend": 4.692667, "fair_value": 4.882244, "relative_strength": -11.928685, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.313088, "energy": 53.54143, "activity_lines": [ 4.382, 4.481636, 4.505905, 4.564753 ] }, { "date": "2023-09-01", "close": 4.43, "volume": 109205722, "typical_volume": 83013650.0, "trend": 4.663333, "fair_value": 4.897692, "relative_strength": -9.553894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.556563, "energy": 49.727451, "activity_lines": [ 4.375333, 4.463636, 4.496381, 4.547806 ] }, { "date": "2023-09-08", "close": 4.4, "volume": 188151009, "typical_volume": 89173019.3, "trend": 4.636, "fair_value": 4.912564, "relative_strength": -9.091654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.129149, "energy": 42.178857, "activity_lines": [ 4.372667, 4.438, 4.485381, 4.530817 ] }, { "date": "2023-09-15", "close": 4.55, "volume": 129991213, "typical_volume": 92917181.05, "trend": 4.616, "fair_value": 4.928718, "relative_strength": -5.501889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.574412, "energy": 24.003444, "activity_lines": [ 4.432667, 4.445091, 4.489429, 4.525269 ] }, { "date": "2023-09-22", "close": 4.4, "volume": 128469818, "typical_volume": 98336977.05, "trend": 4.588667, "fair_value": 4.94391, "relative_strength": -8.477067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.446787, "energy": 16.912871, "activity_lines": [ 4.433333, 4.430545, 4.479, 4.511333 ] }, { "date": "2023-09-29", "close": 4.36, "volume": 64891695, "typical_volume": 98969618.25, "trend": 4.561333, "fair_value": 4.95859, "relative_strength": -8.221003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.84187, "energy": 19.19533, "activity_lines": [ 4.418667, 4.412909, 4.465429, 4.496581 ] }, { "date": "2023-10-13", "close": 4.32, "volume": 52222850, "typical_volume": 99330976.15, "trend": 4.539667, "fair_value": 4.972885, "relative_strength": -7.927521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.699593, "energy": 25.190373, "activity_lines": [ 4.382667, 4.391273, 4.449333, 4.481011 ] }, { "date": "2023-10-20", "close": 4.18, "volume": 60458959, "typical_volume": 100033208.85, "trend": 4.519, "fair_value": 4.986923, "relative_strength": -7.413185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.150886, "energy": 49.727325, "activity_lines": [ 4.307333, 4.35, 4.421619, 4.457806 ] }, { "date": "2023-10-27", "close": 4.19, "volume": 57464154, "typical_volume": 99185864.2, "trend": 4.5, "fair_value": 5.000962, "relative_strength": -7.861413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.614547, "energy": 56.722607, "activity_lines": [ 4.25, 4.318, 4.396095, 4.436581 ] }, { "date": "2023-11-03", "close": 4.18, "volume": 52535705, "typical_volume": 99779514.65, "trend": 4.479, "fair_value": 5.014615, "relative_strength": -8.109887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.148948, "energy": 59.958147, "activity_lines": [ 4.213333, 4.288182, 4.370952, 4.415935 ] }, { "date": "2023-11-10", "close": 4.5, "volume": 116124048, "typical_volume": 103522641.55, "trend": 4.470333, "fair_value": 5.029103, "relative_strength": -0.987889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.51764, "energy": 30.909944, "activity_lines": [ 4.298, 4.32, 4.377095, 4.41729 ] }, { "date": "2023-11-17", "close": 4.37, "volume": 129071087, "typical_volume": 108849678.45, "trend": 4.458667, "fair_value": 5.044038, "relative_strength": -4.045146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.718357, "energy": 18.765896, "activity_lines": [ 4.33, 4.323455, 4.370429, 4.410817 ] }, { "date": "2023-11-24", "close": 4.42, "volume": 91860498, "typical_volume": 100950215.25, "trend": 4.454, "fair_value": 5.059487, "relative_strength": -2.224471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.23012, "energy": 14.783535, "activity_lines": [ 4.375333, 4.337091, 4.368238, 4.408323 ] }, { "date": "2023-12-01", "close": 4.41, "volume": 81323244, "typical_volume": 93759133.7, "trend": 4.450667, "fair_value": 5.074167, "relative_strength": -1.901648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.550982, "energy": 17.306127, "activity_lines": [ 4.401333, 4.348545, 4.366429, 4.405484 ] }, { "date": "2023-12-08", "close": 4.32, "volume": 60327962, "typical_volume": 90182619.55, "trend": 4.443333, "fair_value": 5.088077, "relative_strength": -1.430015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.416756, "energy": 14.399485, "activity_lines": [ 4.382667, 4.346182, 4.35819, 4.397054 ] }, { "date": "2023-12-15", "close": 4.58, "volume": 369823243, "typical_volume": 105414740.9, "trend": 4.441667, "fair_value": 5.100962, "relative_strength": 5.809804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.649632, "energy": 9.262988, "activity_lines": [ 4.441333, 4.392545, 4.37619, 4.405871 ] }, { "date": "2023-12-22", "close": 4.27, "volume": 340011542, "typical_volume": 118801473.05, "trend": 4.428, "fair_value": 5.106603, "relative_strength": -0.015571, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.437588, "energy": 10.792763, "activity_lines": [ 4.391333, 4.378545, 4.364476, 4.394796 ] }, { "date": "2023-12-29", "close": 4.06, "volume": 184464722, "typical_volume": 122515317.5, "trend": 4.415333, "fair_value": 5.105385, "relative_strength": -6.410666, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.5511, "energy": 34.379113, "activity_lines": [ 4.278, 4.327273, 4.334524, 4.371054 ] }, { "date": "2024-01-05", "close": 4.28, "volume": 261645660, "typical_volume": 132332656.85, "trend": 4.409, "fair_value": 5.100833, "relative_strength": 0.449491, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.276517, "energy": 28.385146, "activity_lines": [ 4.262, 4.318182, 4.328048, 4.362323 ] }, { "date": "2024-01-12", "close": 3.99, "volume": 150688498, "typical_volume": 137849747.15, "trend": 4.397, "fair_value": 5.095385, "relative_strength": -4.51111, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.477564, "energy": 51.869869, "activity_lines": [ 4.158, 4.254727, 4.294571, 4.33529 ] }, { "date": "2024-01-19", "close": 3.74, "volume": 84235961, "typical_volume": 135648379.5, "trend": 4.374667, "fair_value": 5.069423, "relative_strength": -8.543097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.608299, "energy": 70.433569, "activity_lines": [ 3.992667, 4.149273, 4.239095, 4.292903 ] }, { "date": "2024-01-26", "close": 3.9, "volume": 100789362, "typical_volume": 135227561.5, "trend": 4.361, "fair_value": 5.034679, "relative_strength": -6.781447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.927965, "energy": 64.582984, "activity_lines": [ 3.936667, 4.086727, 4.201238, 4.26228 ] }, { "date": "2024-02-02", "close": 3.52, "volume": 207714306, "typical_volume": 136205726.35, "trend": 4.321667, "fair_value": 5.003782, "relative_strength": -9.953179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.779199, "energy": 74.924069, "activity_lines": [ 3.778667, 3.963636, 4.129714, 4.208022 ] }, { "date": "2024-02-09", "close": 3.31, "volume": 108502532, "typical_volume": 135131292.3, "trend": 4.27, "fair_value": 4.98109, "relative_strength": -18.821312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.292281, "energy": 80.363039, "activity_lines": [ 3.586667, 3.818727, 4.042381, 4.142753 ] }, { "date": "2024-02-23", "close": 3.65, "volume": 136506871, "typical_volume": 135533144.95, "trend": 4.237333, "fair_value": 4.962244, "relative_strength": -14.174928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.502508, "energy": 66.329625, "activity_lines": [ 3.572667, 3.755636, 3.993333, 4.102753 ] }, { "date": "2024-03-01", "close": 3.67, "volume": 129249501, "typical_volume": 138751035.25, "trend": 4.208333, "fair_value": 4.950321, "relative_strength": -13.885343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.342686, "energy": 57.657685, "activity_lines": [ 3.588, 3.708364, 3.949762, 4.066151 ] }, { "date": "2024-03-08", "close": 3.61, "volume": 105473908, "typical_volume": 141413588.15, "trend": 4.174, "fair_value": 4.942564, "relative_strength": -15.3445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.175159, "energy": 44.647755, "activity_lines": [ 3.588, 3.666727, 3.903762, 4.027548 ] }, { "date": "2024-03-15", "close": 3.62, "volume": 89060432, "typical_volume": 142843661.8, "trend": 4.141667, "fair_value": 4.934872, "relative_strength": -14.915593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.467941, "energy": 36.010372, "activity_lines": [ 3.610667, 3.638909, 3.862095, 3.991806 ] }, { "date": "2024-03-22", "close": 3.69, "volume": 123977861, "typical_volume": 146169347.15, "trend": 4.117667, "fair_value": 4.925769, "relative_strength": -12.686991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.790692, "energy": 29.696557, "activity_lines": [ 3.65, 3.631818, 3.829762, 3.962667 ] }, { "date": "2024-03-29", "close": 3.5, "volume": 67960173, "typical_volume": 146940570.55, "trend": 4.088667, "fair_value": 4.919359, "relative_strength": -16.619003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.396683, "energy": 36.938873, "activity_lines": [ 3.600667, 3.600909, 3.781714, 3.922817 ] }, { "date": "2024-04-05", "close": 3.82, "volume": 206855450, "typical_volume": 151477140.65, "trend": 4.074667, "fair_value": 4.906218, "relative_strength": -9.561211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.930069, "energy": 25.088867, "activity_lines": [ 3.668, 3.637091, 3.767381, 3.905484 ] }, { "date": "2024-04-12", "close": 4.05, "volume": 278899996, "typical_volume": 158968586.1, "trend": 4.062, "fair_value": 4.885449, "relative_strength": -2.358687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.184193, "energy": 14.182962, "activity_lines": [ 3.802, 3.713636, 3.77819, 3.903892 ] }, { "date": "2024-04-19", "close": 3.66, "volume": 215581767, "typical_volume": 165154649.55, "trend": 4.037333, "fair_value": 4.870064, "relative_strength": -12.790607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.997512, "energy": 17.24537, "activity_lines": [ 3.776667, 3.716545, 3.753381, 3.877957 ] }, { "date": "2024-04-26", "close": 3.56, "volume": 95456117, "typical_volume": 165861293.2, "trend": 4.004333, "fair_value": 4.8575, "relative_strength": -15.505188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.859904, "energy": 19.97113, "activity_lines": [ 3.715333, 3.698727, 3.722667, 3.847161 ] }, { "date": "2024-05-03", "close": 3.56, "volume": 40799129, "typical_volume": 164884851.55, "trend": 3.976333, "fair_value": 4.845256, "relative_strength": -15.666736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.113093, "energy": 25.448235, "activity_lines": [ 3.662667, 3.676364, 3.696, 3.818495 ] }, { "date": "2024-05-10", "close": 3.73, "volume": 120060946, "typical_volume": 152396736.7, "trend": 3.955333, "fair_value": 4.831282, "relative_strength": -12.816926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.025014, "energy": 29.274975, "activity_lines": [ 3.662667, 3.686545, 3.689143, 3.802602 ] }, { "date": "2024-05-17", "close": 3.64, "volume": 83585405, "typical_volume": 139575429.85, "trend": 3.932667, "fair_value": 4.817692, "relative_strength": -14.655445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.767932, "energy": 31.421899, "activity_lines": [ 3.638667, 3.679273, 3.677762, 3.782258 ] }, { "date": "2024-05-24", "close": 3.93, "volume": 145110309, "typical_volume": 137607709.2, "trend": 3.924333, "fair_value": 4.808141, "relative_strength": -5.721233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.162067, "energy": 7.216064, "activity_lines": [ 3.738667, 3.724182, 3.697, 3.782086 ] }, { "date": "2024-05-31", "close": 3.62, "volume": 261931907, "typical_volume": 137622021.55, "trend": 3.905333, "fair_value": 4.79891, "relative_strength": -12.786196, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.899279, "energy": 12.3037, "activity_lines": [ 3.717333, 3.707091, 3.687333, 3.762452 ] }, { "date": "2024-06-07", "close": 3.46, "volume": 84668396, "typical_volume": 134321016.45, "trend": 3.881333, "fair_value": 4.783654, "relative_strength": -15.369838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.33199, "energy": 26.637789, "activity_lines": [ 3.638667, 3.662182, 3.665571, 3.73372 ] }, { "date": "2024-06-14", "close": 3.56, "volume": 55457840, "typical_volume": 132882110.4, "trend": 3.85, "fair_value": 4.769551, "relative_strength": -12.123668, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.840318, "energy": 24.372106, "activity_lines": [ 3.6, 3.636182, 3.655857, 3.712989 ] }, { "date": "2024-06-21", "close": 3.41, "volume": 46116757, "typical_volume": 130148480.15, "trend": 3.818, "fair_value": 4.755256, "relative_strength": -14.601177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.387308, "energy": 46.598349, "activity_lines": [ 3.522667, 3.587636, 3.632714, 3.684602 ] }, { "date": "2024-06-28", "close": 3.26, "volume": 39662541, "typical_volume": 121745891.9, "trend": 3.779333, "fair_value": 4.739808, "relative_strength": -17.214891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.582917, "energy": 62.703244, "activity_lines": [ 3.410667, 3.523455, 3.597619, 3.648602 ] }, { "date": "2024-07-05", "close": 3.2, "volume": 31683559, "typical_volume": 117904943.25, "trend": 3.739, "fair_value": 4.721795, "relative_strength": -17.944582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.088813, "energy": 68.865065, "activity_lines": [ 3.323333, 3.455636, 3.558048, 3.611226 ] }, { "date": "2024-07-12", "close": 3.09, "volume": 45267385, "typical_volume": 113342968.95, "trend": 3.698, "fair_value": 4.70391, "relative_strength": -20.842217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.697975, "energy": 76.96038, "activity_lines": [ 3.227333, 3.374364, 3.508524, 3.569355 ] }, { "date": "2024-07-19", "close": 3.1, "volume": 31364862, "typical_volume": 108448737.0, "trend": 3.648667, "fair_value": 4.688654, "relative_strength": -20.318429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.198376, "energy": 81.077717, "activity_lines": [ 3.159333, 3.303455, 3.462619, 3.530774 ] }, { "date": "2024-07-26", "close": 3.05, "volume": 26648230, "typical_volume": 104507453.1, "trend": 3.608, "fair_value": 4.6725, "relative_strength": -18.675106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.428063, "energy": 82.200001, "activity_lines": [ 3.105333, 3.234909, 3.414667, 3.492151 ] }, { "date": "2024-08-02", "close": 3.17, "volume": 38851663, "typical_volume": 101997014.65, "trend": 3.578333, "fair_value": 4.66, "relative_strength": -15.466887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.971624, "energy": 73.120219, "activity_lines": [ 3.115333, 3.198909, 3.38081, 3.463892 ] }, { "date": "2024-08-09", "close": 3.16, "volume": 60907958, "typical_volume": 98843519.5, "trend": 3.541, "fair_value": 4.646282, "relative_strength": -14.063429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.811353, "energy": 55.578919, "activity_lines": [ 3.128, 3.174909, 3.348143, 3.436903 ] }, { "date": "2024-08-16", "close": 3.14, "volume": 27974633, "typical_volume": 96844242.5, "trend": 3.512667, "fair_value": 4.631603, "relative_strength": -14.728592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.777779, "energy": 45.772142, "activity_lines": [ 3.136667, 3.155636, 3.316095, 3.411032 ] }, { "date": "2024-08-23", "close": 3.02, "volume": 27318873, "typical_volume": 87867413.65, "trend": 3.488667, "fair_value": 4.616218, "relative_strength": -16.861288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.296671, "energy": 49.132477, "activity_lines": [ 3.102, 3.120364, 3.274333, 3.379247 ] }, { "date": "2024-08-30", "close": 3.06, "volume": 29114550, "typical_volume": 75378141.35, "trend": 3.460667, "fair_value": 4.604295, "relative_strength": -14.990521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.559809, "energy": 50.832661, "activity_lines": [ 3.086, 3.102182, 3.24019, 3.351591 ] }, { "date": "2024-09-06", "close": 3.01, "volume": 31548741, "typical_volume": 66176490.05, "trend": 3.443667, "fair_value": 4.592051, "relative_strength": -13.682199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.510742, "energy": 67.437283, "activity_lines": [ 3.052667, 3.081273, 3.206, 3.322516 ] }, { "date": "2024-09-13", "close": 3.04, "volume": 29052728, "typical_volume": 62856320.6, "trend": 3.434667, "fair_value": 4.579295, "relative_strength": -10.436495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.437468, "energy": 69.516975, "activity_lines": [ 3.04, 3.070364, 3.177762, 3.296473 ] }, { "date": "2024-09-20", "close": 3.12, "volume": 27185950, "typical_volume": 62175661.65, "trend": 3.417, "fair_value": 4.568782, "relative_strength": -8.798973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.011966, "energy": 52.313617, "activity_lines": [ 3.062, 3.076909, 3.159619, 3.276172 ] }, { "date": "2024-09-27", "close": 3.39, "volume": 89716713, "typical_volume": 60658450.0, "trend": 3.407667, "fair_value": 4.557308, "relative_strength": -11.671543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.140332, "energy": 17.282071, "activity_lines": [ 3.175333, 3.132, 3.169286, 3.27443 ] }, { "date": "2024-10-04", "close": 3.66, "volume": 58854226, "typical_volume": 59421891.05, "trend": 3.409333, "fair_value": 4.54609, "relative_strength": -11.330419, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 22.136328, "energy": 32.453874, "activity_lines": [ 3.354, 3.230909, 3.206286, 3.29071 ] }, { "date": "2024-10-11", "close": 3.77, "volume": 294767111, "typical_volume": 66904731.15, "trend": 3.414333, "fair_value": 4.531987, "relative_strength": -4.954609, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.564499, "energy": 50.478936, "activity_lines": [ 3.529333, 3.338727, 3.253667, 3.313978 ] }, { "date": "2024-10-18", "close": 3.6, "volume": 196704010, "typical_volume": 63643336.3, "trend": 3.411333, "fair_value": 4.51859, "relative_strength": -10.045797, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.259121, "energy": 45.780437, "activity_lines": [ 3.597333, 3.404727, 3.285619, 3.325957 ] }, { "date": "2024-10-25", "close": 3.96, "volume": 238271216, "typical_volume": 71323477.3, "trend": 3.426667, "fair_value": 4.508205, "relative_strength": -1.884715, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.935169, "energy": 72.96002, "activity_lines": [ 3.748, 3.528182, 3.351952, 3.361355 ] }, { "date": "2024-11-01", "close": 4.06, "volume": 282444779, "typical_volume": 82672824.25, "trend": 3.434667, "fair_value": 4.496731, "relative_strength": 1.680082, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.085471, "energy": 78.680089, "activity_lines": [ 3.876, 3.654909, 3.425429, 3.402215 ] }, { "date": "2024-11-08", "close": 4.88, "volume": 504087199, "typical_volume": 105571346.35, "trend": 3.462333, "fair_value": 4.489872, "relative_strength": 15.771442, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 96.617319, "energy": 96.267003, "activity_lines": [ 4.232667, 3.911818, 3.574619, 3.495462 ] }, { "date": "2024-11-15", "close": 4.68, "volume": 616189753, "typical_volume": 134397706.95, "trend": 3.496333, "fair_value": 4.483397, "relative_strength": 15.21648, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.770047, "energy": 90.829452, "activity_lines": [ 4.441333, 4.099273, 3.697762, 3.574022 ] }, { "date": "2024-11-22", "close": 4.62, "volume": 397996666, "typical_volume": 152713362.3, "trend": 3.531667, "fair_value": 4.478013, "relative_strength": 15.981637, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.804793, "energy": 85.320088, "activity_lines": [ 4.569333, 4.245455, 3.808429, 3.646516 ] }, { "date": "2024-11-29", "close": 4.51, "volume": 308281951, "typical_volume": 165864090.6, "trend": 3.563333, "fair_value": 4.475256, "relative_strength": 11.374645, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.945828, "energy": 68.420749, "activity_lines": [ 4.592667, 4.342909, 3.901857, 3.709634 ] }, { "date": "2024-12-06", "close": 4.77, "volume": 297508618, "typical_volume": 179171278.4, "trend": 3.598, "fair_value": 4.474808, "relative_strength": 15.206567, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.056456, "energy": 61.749687, "activity_lines": [ 4.666, 4.462364, 4.013286, 3.787484 ] }, { "date": "2024-12-13", "close": 4.59, "volume": 294461685, "typical_volume": 192561951.15, "trend": 3.629667, "fair_value": 4.47359, "relative_strength": 11.436709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.494946, "energy": 53.429332, "activity_lines": [ 4.632, 4.524, 4.099619, 3.851484 ] }, { "date": "2024-12-20", "close": 4.26, "volume": 151912124, "typical_volume": 198214974.2, "trend": 3.640667, "fair_value": 4.469615, "relative_strength": 4.639321, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.318817, "energy": 39.024633, "activity_lines": [ 4.507333, 4.508727, 4.14719, 3.892151 ] }, { "date": "2024-12-27", "close": 4.4, "volume": 183667992, "typical_volume": 204352975.9, "trend": 3.666667, "fair_value": 4.467308, "relative_strength": 7.350548, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.438666, "energy": 33.435817, "activity_lines": [ 4.457333, 4.51, 4.202905, 3.94114 ] }, { "date": "2025-01-03", "close": 3.91, "volume": 158068837, "typical_volume": 210857686.1, "trend": 3.681667, "fair_value": 4.461346, "relative_strength": 1.239054, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.804619, "energy": 19.976219, "activity_lines": [ 4.258667, 4.407636, 4.206048, 3.956839 ] }, { "date": "2025-01-10", "close": 3.76, "volume": 108561022, "typical_volume": 214919793.55, "trend": 3.688333, "fair_value": 4.454423, "relative_strength": -0.891468, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.023469, "energy": 19.854966, "activity_lines": [ 4.05, 4.278909, 4.191238, 3.961892 ] }, { "date": "2025-01-17", "close": 3.87, "volume": 95234591, "typical_volume": 218225795.6, "trend": 3.703667, "fair_value": 4.446731, "relative_strength": 0.007896, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.45307, "energy": 16.72021, "activity_lines": [ 3.945333, 4.175636, 4.183381, 3.973613 ] }, { "date": "2025-01-24", "close": 3.81, "volume": 70877314, "typical_volume": 220192224.25, "trend": 3.722, "fair_value": 4.439808, "relative_strength": -1.633348, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.899714, "energy": 20.170532, "activity_lines": [ 3.868667, 4.079818, 4.165952, 3.980473 ] }, { "date": "2025-01-31", "close": 3.77, "volume": 19059874, "typical_volume": 219692581.55, "trend": 3.741, "fair_value": 4.433333, "relative_strength": -2.320995, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.134895, "energy": 20.906915, "activity_lines": [ 3.808667, 3.992545, 4.140905, 3.98357 ] }, { "date": "2025-02-07", "close": 3.89, "volume": 62300854, "typical_volume": 221448326.75, "trend": 3.767667, "fair_value": 4.427179, "relative_strength": -0.650842, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.156512, "energy": 23.329509, "activity_lines": [ 3.830667, 3.942545, 4.12381, 3.993183 ] }, { "date": "2025-02-14", "close": 3.83, "volume": 99383668, "typical_volume": 221931674.5, "trend": 3.792, "fair_value": 4.421474, "relative_strength": -3.425135, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.486741, "energy": 30.295406, "activity_lines": [ 3.834, 3.892909, 4.097333, 3.997204 ] }, { "date": "2025-02-21", "close": 3.77, "volume": 99104623, "typical_volume": 223944194.35, "trend": 3.816, "fair_value": 4.415192, "relative_strength": -5.6977, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.077773, "energy": 32.936119, "activity_lines": [ 3.812667, 3.849455, 4.063048, 3.995785 ] }, { "date": "2025-02-28", "close": 3.72, "volume": 103595818, "typical_volume": 214385629.7, "trend": 3.834333, "fair_value": 4.412821, "relative_strength": -5.175013, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.809009, "energy": 32.497129, "activity_lines": [ 3.781333, 3.811818, 4.023476, 3.989591 ] }, { "date": "2025-03-07", "close": 3.78, "volume": 118460304, "typical_volume": 210473444.4, "trend": 3.855, "fair_value": 4.409167, "relative_strength": -5.021721, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.614346, "energy": 26.722761, "activity_lines": [ 3.776, 3.794909, 3.989857, 3.986086 ] }, { "date": "2025-03-14", "close": 4.14, "volume": 306548783, "typical_volume": 213887322.75, "trend": 3.888333, "fair_value": 4.407821, "relative_strength": 2.55081, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.178946, "energy": 7.04968, "activity_lines": [ 3.89, 3.854727, 3.989667, 4.004473 ] }, { "date": "2025-03-21", "close": 4.09, "volume": 223752744, "typical_volume": 210952721.0, "trend": 3.924, "fair_value": 4.406667, "relative_strength": 2.951964, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.976595, "energy": 9.202133, "activity_lines": [ 3.970667, 3.901273, 3.983857, 4.017484 ] }, { "date": "2025-03-28", "close": 3.99, "volume": 196008281, "typical_volume": 195548775.1, "trend": 3.955, "fair_value": 4.403397, "relative_strength": 0.774929, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.930925, "energy": 13.103431, "activity_lines": [ 4.000667, 3.923636, 3.968381, 4.021742 ] }, { "date": "2025-04-04", "close": 4.04, "volume": 132046829, "typical_volume": 171341628.9, "trend": 3.989333, "fair_value": 4.401795, "relative_strength": 2.38123, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.738981, "energy": 19.97838, "activity_lines": [ 4.032667, 3.952909, 3.961905, 4.027226 ] }, { "date": "2025-04-11", "close": 3.69, "volume": 161672947, "typical_volume": 159525442.95, "trend": 4.011, "fair_value": 4.397756, "relative_strength": -3.173292, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.560004, "energy": 20.274656, "activity_lines": [ 3.926667, 3.914364, 3.925143, 4.007914 ] }, { "date": "2025-04-18", "close": 3.76, "volume": 114902560, "typical_volume": 149856473.4, "trend": 4.032333, "fair_value": 4.394231, "relative_strength": -2.4216, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.990488, "energy": 36.187353, "activity_lines": [ 3.85, 3.89, 3.899476, 3.99172 ] }, { "date": "2025-04-25", "close": 4.05, "volume": 136044145, "typical_volume": 141783249.75, "trend": 4.054333, "fair_value": 4.392692, "relative_strength": 4.389115, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.951335, "energy": 17.894538, "activity_lines": [ 3.895333, 3.920727, 3.905, 3.99286 ] }, { "date": "2025-05-02", "close": 3.59, "volume": 110986382, "typical_volume": 132609484.6, "trend": 4.052, "fair_value": 4.389167, "relative_strength": -6.93641, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.226498, "energy": 47.921308, "activity_lines": [ 3.79, 3.863818, 3.870143, 3.962903 ] }, { "date": "2025-05-09", "close": 3.66, "volume": 62663240, "typical_volume": 128147040.4, "trend": 4.048333, "fair_value": 4.381603, "relative_strength": -6.776454, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.419207, "energy": 48.670926, "activity_lines": [ 3.734667, 3.822909, 3.846714, 3.937613 ] }, { "date": "2025-05-16", "close": 3.82, "volume": 124013835, "typical_volume": 125164332.55, "trend": 4.055667, "fair_value": 4.376603, "relative_strength": -3.405686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.951638, "energy": 29.145213, "activity_lines": [ 3.758, 3.812182, 3.841381, 3.922882 ] }, { "date": "2025-05-23", "close": 3.75, "volume": 165058821, "typical_volume": 125513831.75, "trend": 4.048667, "fair_value": 4.376346, "relative_strength": -4.396596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.007539, "energy": 37.156744, "activity_lines": [ 3.749333, 3.788, 3.832143, 3.903161 ] }, { "date": "2025-05-30", "close": 3.72, "volume": 87384786, "typical_volume": 124455019.95, "trend": 4.037333, "fair_value": 4.375449, "relative_strength": -5.040558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.368779, "energy": 27.890893, "activity_lines": [ 3.731333, 3.765455, 3.82081, 3.881957 ] }, { "date": "2025-06-06", "close": 3.86, "volume": 113978774, "typical_volume": 125392229.1, "trend": 4.003333, "fair_value": 4.375385, "relative_strength": -2.579085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.830998, "energy": 17.359255, "activity_lines": [ 3.782, 3.775091, 3.823, 3.870516 ] }, { "date": "2025-06-13", "close": 3.88, "volume": 139049067, "typical_volume": 128800816.75, "trend": 3.976667, "fair_value": 4.374423, "relative_strength": -1.791582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.658257, "energy": 13.354505, "activity_lines": [ 3.821333, 3.790727, 3.827143, 3.862559 ] }, { "date": "2025-06-20", "close": 3.78, "volume": 129168814, "typical_volume": 134306263.75, "trend": 3.948667, "fair_value": 4.367885, "relative_strength": -3.816245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.275384, "energy": 12.767265, "activity_lines": [ 3.812667, 3.791091, 3.821429, 3.849871 ] }, { "date": "2025-06-27", "close": 3.94, "volume": 116629088, "typical_volume": 137022675.45, "trend": 3.929667, "fair_value": 4.364679, "relative_strength": -1.712562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.609614, "energy": 11.80924, "activity_lines": [ 3.86, 3.818909, 3.830905, 3.849312 ] }, { "date": "2025-07-04", "close": 3.94, "volume": 156571682, "typical_volume": 139882076.15, "trend": 3.902, "fair_value": 4.353782, "relative_strength": -3.15327, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.187759, "energy": 9.473355, "activity_lines": [ 3.894667, 3.843455, 3.840143, 3.849978 ] }, { "date": "2025-07-11", "close": 4.2, "volume": 325704227, "typical_volume": 151212056.35, "trend": 3.889, "fair_value": 4.336795, "relative_strength": 1.862419, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.774639, "energy": 38.361652, "activity_lines": [ 4.001333, 3.917273, 3.873619, 3.869204 ] }, { "date": "2025-07-18", "close": 4.13, "volume": 452429438, "typical_volume": 168653737.35, "trend": 3.884667, "fair_value": 4.318462, "relative_strength": -0.733784, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.127934, "energy": 53.492118, "activity_lines": [ 4.062, 3.967273, 3.898381, 3.884753 ] }, { "date": "2025-07-25", "close": 4.55, "volume": 531295636, "typical_volume": 189295503.95, "trend": 3.889667, "fair_value": 4.310513, "relative_strength": 7.190729, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.399695, "energy": 73.014291, "activity_lines": [ 4.246, 4.085091, 3.96119, 3.927677 ] }, { "date": "2025-08-01", "close": 4.11, "volume": 337432552, "typical_volume": 190839692.4, "trend": 3.896333, "fair_value": 4.301795, "relative_strength": -2.359106, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.547956, "energy": 64.568108, "activity_lines": [ 4.232, 4.109636, 3.978429, 3.941892 ] }, { "date": "2025-08-08", "close": 4.15, "volume": 166803260, "typical_volume": 187992218.2, "trend": 3.909333, "fair_value": 4.293269, "relative_strength": -3.50673, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.259705, "energy": 52.876309, "activity_lines": [ 4.22, 4.134909, 3.999619, 3.958258 ] }, { "date": "2025-08-15", "close": 4.08, "volume": 154455986, "typical_volume": 185914603.45, "trend": 3.916333, "fair_value": 4.284872, "relative_strength": -6.736166, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.474819, "energy": 36.585965, "activity_lines": [ 4.170667, 4.139636, 4.013857, 3.969269 ] }, { "date": "2025-08-22", "close": 4.13, "volume": 128514602, "typical_volume": 185737992.1, "trend": 3.927, "fair_value": 4.277179, "relative_strength": -8.808071, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.303632, "energy": 20.572447, "activity_lines": [ 4.146, 4.149455, 4.032429, 3.983054 ] }, { "date": "2025-08-29", "close": 4.04, "volume": 199847985, "typical_volume": 187646744.0, "trend": 3.936, "fair_value": 4.27, "relative_strength": -11.496793, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.845918, "energy": 16.104396, "activity_lines": [ 4.091333, 4.138364, 4.042, 3.990344 ] }, { "date": "2025-09-05", "close": 4.04, "volume": 82789898, "typical_volume": 186041110.9, "trend": 3.941, "fair_value": 4.257244, "relative_strength": -10.400899, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.402367, "energy": 16.175137, "activity_lines": [ 4.070667, 4.122545, 4.049905, 3.997054 ] }, { "date": "2025-09-12", "close": 4.09, "volume": 77276217, "typical_volume": 183102714.5, "trend": 3.949667, "fair_value": 4.245256, "relative_strength": -10.554977, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.063059, "energy": 14.809632, "activity_lines": [ 4.071333, 4.114, 4.061238, 4.006667 ] }, { "date": "2025-09-19", "close": 4.13, "volume": 146604150, "typical_volume": 184883602.9, "trend": 3.961667, "fair_value": 4.231346, "relative_strength": -8.398206, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.071286, "energy": 14.858212, "activity_lines": [ 4.089333, 4.11, 4.07619, 4.018301 ] }, { "date": "2025-09-26", "close": 4.15, "volume": 139503709, "typical_volume": 188725626.35, "trend": 3.976, "fair_value": 4.219038, "relative_strength": -8.1266, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.322665, "energy": 17.797444, "activity_lines": [ 4.110667, 4.110909, 4.090476, 4.030452 ] }, { "date": "2025-10-03", "close": 4.07, "volume": 44564740, "typical_volume": 184753171.6, "trend": 3.985667, "fair_value": 4.205321, "relative_strength": -11.095712, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.109865, "energy": 19.375025, "activity_lines": [ 4.104, 4.096909, 4.09481, 4.036516 ] }, { "date": "2025-10-10", "close": 4.27, "volume": 100595604, "typical_volume": 181530010.75, "trend": 3.99, "fair_value": 4.196795, "relative_strength": -6.952815, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 55.823873, "energy": 29.737576, "activity_lines": [ 4.162, 4.128, 4.117, 4.05486 ] }, { "date": "2025-10-17", "close": 4.95, "volume": 621229266, "typical_volume": 208222234.75, "trend": 4.018667, "fair_value": 4.192692, "relative_strength": 9.143483, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 83.934391, "energy": 71.182, "activity_lines": [ 4.431333, 4.279818, 4.201476, 4.116796 ] }, { "date": "2025-10-24", "close": 5.12, "volume": 876176012, "typical_volume": 246332096.65, "trend": 4.056333, "fair_value": 4.192372, "relative_strength": 9.561118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.362339, "energy": 84.234418, "activity_lines": [ 4.7, 4.448, 4.296286, 4.187849 ] }, { "date": "2025-10-31", "close": 5.25, "volume": 1039700069, "typical_volume": 291364646.75, "trend": 4.096667, "fair_value": 4.191987, "relative_strength": 12.057843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.720662, "energy": 86.614893, "activity_lines": [ 4.946, 4.620909, 4.397476, 4.26486 ] }, { "date": "2025-11-07", "close": 5.48, "volume": 687118409, "typical_volume": 319262126.5, "trend": 4.156333, "fair_value": 4.194167, "relative_strength": 15.79602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.988925, "energy": 89.670413, "activity_lines": [ 5.195333, 4.815273, 4.514048, 4.354108 ] }, { "date": "2025-11-14", "close": 5.47, "volume": 548076686, "typical_volume": 340834506.4, "trend": 4.213333, "fair_value": 4.196346, "relative_strength": 15.85395, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.758455, "energy": 86.31718, "activity_lines": [ 5.347333, 4.981636, 4.621571, 4.43886 ] }, { "date": "2025-11-21", "close": 4.42, "volume": 448659480, "typical_volume": 355438896.3, "trend": 4.225667, "fair_value": 4.191923, "relative_strength": -2.170714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.262729, "energy": 47.752711, "activity_lines": [ 5.069333, 4.931091, 4.62181, 4.452194 ] }, { "date": "2025-11-28", "close": 4.5, "volume": 179997317, "typical_volume": 348153550.8, "trend": 4.256, "fair_value": 4.187372, "relative_strength": -1.45621, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.255061, "energy": 30.902209, "activity_lines": [ 4.853333, 4.889091, 4.627381, 4.469892 ] }, { "date": "2025-12-05", "close": 4.45, "volume": 322588294, "typical_volume": 341661493.6, "trend": 4.282333, "fair_value": 4.183205, "relative_strength": -2.48914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.020124, "energy": 20.242552, "activity_lines": [ 4.662, 4.831273, 4.626762, 4.482409 ] }, { "date": "2025-12-12", "close": 4.48, "volume": 214826391, "typical_volume": 325838031.35, "trend": 4.304333, "fair_value": 4.175769, "relative_strength": -1.164656, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.219154, "energy": 24.135736, "activity_lines": [ 4.534, 4.773455, 4.627476, 4.495161 ] }, { "date": "2025-12-19", "close": 4.27, "volume": 188701106, "typical_volume": 318401459.05, "trend": 4.321667, "fair_value": 4.166538, "relative_strength": -5.56361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.811728, "energy": 19.152162, "activity_lines": [ 4.402667, 4.67, 4.608524, 4.492946 ] }, { "date": "2025-12-26", "close": 4.29, "volume": 133208433, "typical_volume": 316721717.7, "trend": 4.340667, "fair_value": 4.157692, "relative_strength": -6.546803, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.172648, "energy": 14.229594, "activity_lines": [ 4.358, 4.570182, 4.590714, 4.490903 ] }, { "date": "2026-01-02", "close": 4.17, "volume": 84217260, "typical_volume": 313209781.4, "trend": 4.351, "fair_value": 4.149359, "relative_strength": -9.02698, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.585203, "energy": 21.475601, "activity_lines": [ 4.282, 4.460545, 4.56081, 4.479892 ] }, { "date": "2026-01-09", "close": 4.52, "volume": 398472537, "typical_volume": 326707678.15, "trend": 4.372333, "fair_value": 4.146154, "relative_strength": -4.876981, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.196873, "energy": 15.434018, "activity_lines": [ 4.344667, 4.431818, 4.56381, 4.490796 ] }, { "date": "2026-01-16", "close": 4.49, "volume": 268041427, "typical_volume": 330117350.25, "trend": 4.396, "fair_value": 4.142628, "relative_strength": -4.924652, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.633091, "energy": 11.211842, "activity_lines": [ 4.392667, 4.410909, 4.562095, 4.498387 ] }, { "date": "2026-01-23", "close": 4.57, "volume": 350117382, "typical_volume": 343483724.45, "trend": 4.417, "fair_value": 4.138846, "relative_strength": -3.925319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.805563, "energy": 10.582229, "activity_lines": [ 4.466667, 4.422545, 4.565857, 4.509613 ] }, { "date": "2026-01-30", "close": 4.54, "volume": 373724620, "typical_volume": 358306144.6, "trend": 4.437, "fair_value": 4.133846, "relative_strength": -4.041872, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.181674, "energy": 15.567358, "activity_lines": [ 4.510667, 4.445091, 4.564238, 4.517548 ] }, { "date": "2026-02-06", "close": 4.32, "volume": 339773166, "typical_volume": 367964595.4, "trend": 4.441, "fair_value": 4.128269, "relative_strength": -7.337554, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.754145, "energy": 4.605016, "activity_lines": [ 4.464667, 4.425455, 4.539524, 4.51 ] }, { "date": "2026-02-13", "close": 4.29, "volume": 175730154, "typical_volume": 369775917.65, "trend": 4.446333, "fair_value": 4.121731, "relative_strength": -8.208887, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.108028, "energy": 8.106458, "activity_lines": [ 4.398667, 4.403636, 4.511048, 4.500258 ] }, { "date": "2026-02-27", "close": 4.8, "volume": 242609114, "typical_volume": 379678136.35, "trend": 4.454667, "fair_value": 4.119038, "relative_strength": 0.64654, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.340963, "energy": 18.425203, "activity_lines": [ 4.518, 4.477455, 4.530476, 4.523075 ] }, { "date": "2026-03-06", "close": 4.74, "volume": 414754475, "typical_volume": 395386079.9, "trend": 4.475667, "fair_value": 4.11641, "relative_strength": 0.271731, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.625033, "energy": 16.249422, "activity_lines": [ 4.596667, 4.534545, 4.540714, 4.541484 ] }, { "date": "2026-03-13", "close": 5.65, "volume": 411257223, "typical_volume": 384887477.75, "trend": 4.525667, "fair_value": 4.119167, "relative_strength": 19.840843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.854954, "energy": 68.383969, "activity_lines": [ 4.967333, 4.748545, 4.635381, 4.617247 ] }, { "date": "2026-03-20", "close": 5.09, "volume": 938535138, "typical_volume": 388005434.05, "trend": 4.559333, "fair_value": 4.11859, "relative_strength": 11.597738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.036125, "energy": 62.595056, "activity_lines": [ 5.077333, 4.836, 4.673381, 4.653656 ] }, { "date": "2026-03-27", "close": 5.17, "volume": 892901534, "typical_volume": 380665507.3, "trend": 4.594, "fair_value": 4.119872, "relative_strength": 14.405315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.804142, "energy": 65.194443, "activity_lines": [ 5.162667, 4.921273, 4.719143, 4.693054 ] }, { "date": "2026-04-03", "close": 4.2, "volume": 697124738, "typical_volume": 381165823.75, "trend": 4.599333, "fair_value": 4.116026, "relative_strength": -6.084899, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.289738, "energy": 30.796817, "activity_lines": [ 4.866, 4.818364, 4.672905, 4.667634 ] }, { "date": "2026-04-10", "close": 4.2, "volume": 220143022, "typical_volume": 364769140.55, "trend": 4.604667, "fair_value": 4.112436, "relative_strength": -8.347896, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.604452, "energy": 7.645943, "activity_lines": [ 4.609333, 4.720727, 4.632762, 4.641871 ] }, { "date": "2026-04-17", "close": 4.09, "volume": 210308040, "typical_volume": 352851568.55, "trend": 4.604667, "fair_value": 4.107821, "relative_strength": -11.993271, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.909131, "energy": 23.43688, "activity_lines": [ 4.352, 4.609818, 4.58819, 4.608667 ] }, { "date": "2026-04-24", "close": 4.17, "volume": 200751384, "typical_volume": 353889271.9, "trend": 4.606, "fair_value": 4.104038, "relative_strength": -10.710392, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.745727, "energy": 41.541418, "activity_lines": [ 4.225333, 4.521636, 4.55281, 4.580624 ] }, { "date": "2026-05-01", "close": 4.25, "volume": 190548506, "typical_volume": 347287282.5, "trend": 4.609333, "fair_value": 4.101026, "relative_strength": -9.41364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.274992, "energy": 49.988755, "activity_lines": [ 4.186667, 4.450727, 4.526619, 4.557656 ] }, { "date": "2026-05-08", "close": 4.18, "volume": 128088594, "typical_volume": 342950392.65, "trend": 4.613, "fair_value": 4.09859, "relative_strength": -12.210342, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.828901, "energy": 51.974029, "activity_lines": [ 4.186, 4.367818, 4.494714, 4.529957 ] }, { "date": "2026-05-15", "close": 4.13, "volume": 248440063, "typical_volume": 345937340.5, "trend": 4.608333, "fair_value": 4.096154, "relative_strength": -12.182728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.371761, "energy": 40.989308, "activity_lines": [ 4.17, 4.287091, 4.459476, 4.498796 ] }, { "date": "2026-05-22", "close": 4.11, "volume": 278739621, "typical_volume": 353213899.9, "trend": 4.580333, "fair_value": 4.093397, "relative_strength": -11.928927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.744432, "energy": 32.376414, "activity_lines": [ 4.152, 4.213818, 4.423, 4.466645 ] }, { "date": "2026-05-29", "close": 4.27, "volume": 402863822, "typical_volume": 369146228.0, "trend": 4.552, "fair_value": 4.09109, "relative_strength": -7.392861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.193446, "energy": 28.344367, "activity_lines": [ 4.186, 4.197636, 4.402619, 4.446624 ] }, { "date": "2026-06-05", "close": 5.22, "volume": 233200248, "typical_volume": 360882613.55, "trend": 4.551, "fair_value": 4.094551, "relative_strength": 14.000965, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.044553, "energy": 8.299735, "activity_lines": [ 4.53, 4.369091, 4.472238, 4.48972 ] }, { "date": "2026-06-12", "close": 4.51, "volume": 136362055, "typical_volume": 354298644.95, "trend": 4.518667, "fair_value": 4.095, "relative_strength": -1.561356, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.356464, "energy": 11.323141, "activity_lines": [ 4.572667, 4.410545, 4.470905, 4.487075 ] }, { "date": "2026-06-19", "close": 4.08, "volume": 291167090, "typical_volume": 351351130.35, "trend": 4.472333, "fair_value": 4.0925, "relative_strength": -12.00503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.39358, "energy": 20.923846, "activity_lines": [ 4.45, 4.368182, 4.428524, 4.458774 ] }, { "date": "2026-06-26", "close": 3.6, "volume": 48131961, "typical_volume": 335071497.4, "trend": 4.445, "fair_value": 4.087692, "relative_strength": -20.828171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.582766, "energy": 27.276234, "activity_lines": [ 4.170667, 4.240727, 4.342762, 4.402495 ] }, { "date": "2026-07-03", "close": 3.66, "volume": 36350517, "typical_volume": 319900364.95, "trend": 4.417, "fair_value": 4.082885, "relative_strength": -19.498044, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.604838, "energy": 66.231904, "activity_lines": [ 3.945333, 4.133091, 4.26719, 4.351849 ] }, { "date": "2026-07-10", "close": 3.54, "volume": 246532471, "typical_volume": 323440480.8, "trend": 4.386667, "fair_value": 4.077949, "relative_strength": -20.875556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.933173, "energy": 75.321826, "activity_lines": [ 3.720667, 4.012909, 4.183333, 4.295269 ] }, { "date": "2026-07-17", "close": 3.42, "volume": 281670316, "typical_volume": 325393540.9, "trend": 4.351333, "fair_value": 4.069744, "relative_strength": -18.442761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.131323, "energy": 78.922098, "activity_lines": [ 3.568, 3.883818, 4.091619, 4.232903 ] }, { "date": "2026-07-24", "close": 3.64, "volume": 481297579, "typical_volume": 328720696.1, "trend": 4.330333, "fair_value": 4.061923, "relative_strength": -14.0174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.875526, "energy": 70.893919, "activity_lines": [ 3.561333, 3.808545, 4.027429, 4.187011 ] }, { "date": "2026-07-31", "close": 3.77, "volume": 258204895, "typical_volume": 321068079.7, "trend": 4.313, "fair_value": 4.05641, "relative_strength": -10.930595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.213067, "energy": 52.360922, "activity_lines": [ 3.627333, 3.765818, 3.980857, 4.15086 ] }, { "date": "2026-08-07", "close": 4.0, "volume": 434665997, "typical_volume": 295874622.65, "trend": 4.307333, "fair_value": 4.052949, "relative_strength": -7.858213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.374832, "energy": 32.769007, "activity_lines": [ 3.758667, 3.771091, 3.965143, 4.130667 ] } ], "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." } } }