{ "ticker": { "uuid": "5dc1a8dd-7a70-43ff-bb77-2bc90ad94dcd", "symbol": "MAGI", "name": "MAG Interactive AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 44.85, "architecture_energy": 25.212, "architecture_maturity": 28.554, "architecture_confidence": 67.629, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 43.76, "rotation_up": 46.1, "upward_expansion": 69.81, "deceleration": 51.3, "rotation_down": 19.64, "downward_expansion": 8.48 }, "activity_lines": [ 7.473333, 7.415636, 7.436667, 7.128387 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 7.66, "trend_reference": 6.764, "distance_from_trend": 0.132466, "trend_direction": "Weakening", "fair_value": 9.237686, "distance_from_fair_value": -0.170788, "fair_value_direction": "Improving", "relative_strength": -19.233638, "relative_strength_direction": "Improving", "price_momentum": 0.367857, "excess_performance": 0.306363, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.132466, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.045532, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.170788, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.029163, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.192336, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.06499, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.367857, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.457527, "read": "Demand-led" } ], "volume": { "latest": 331464, "relative_activity": 1.746352, "balance": 1.457527, "dry_up": 0.977532, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.099217, "annualized_volatility": 0.431182, "from_high_reference": -0.542687, "from_low_reference": 0.566462 }, "levels": { "trend_reference": 6.764, "fair_value_reference": 9.237686, "structural_low": 4.89, "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": 7, "median_return": -0.034858, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.02212, "regime_survival": 0.571429, "best_return": 0.142857, "worst_return": -0.278571, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.192744, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.228469, "regime_survival": 0.0, "best_return": -0.150327, "worst_return": -0.334498, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.369615, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.457275, "regime_survival": 0.0, "best_return": 0.568627, "worst_return": -0.552838, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.388142, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.508699, "regime_survival": 0.0, "best_return": -0.384127, "worst_return": -0.392157, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-10-04", "tenure": "Established", "return": -0.15121, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-11", "end": "2024-12-20", "tenure": "Developing", "return": 0.16707, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": 0.169439, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": -0.040498, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.200436, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.160858, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": 0.183623, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-20", "end": "2025-06-27", "tenure": "New", "return": 0.087156, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-09-19", "tenure": "Developing", "return": 0.11284, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": -0.266376, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-11-28", "tenure": "Developing", "return": -0.025581, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-04-24", "tenure": "Established", "return": -0.062802, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-06-19", "tenure": "Developing", "return": -0.134177, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.040761, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.931999, "volume": 129760, "typical_volume": 91676.65, "trend": 14.5596, "fair_value": 22.723557, "relative_strength": -18.82704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.485696, "energy": 12.837907, "activity_lines": [ 14.457599, 14.286108, 13.864542, 14.074103 ] }, { "date": "2023-08-25", "close": 13.95, "volume": 76568, "typical_volume": 90880.1, "trend": 14.4678, "fair_value": 22.691826, "relative_strength": -18.301874, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.807038, "energy": 11.908352, "activity_lines": [ 14.267999, 14.297563, 13.874571, 14.034774 ] }, { "date": "2023-09-01", "close": 13.301999, "volume": 54978, "typical_volume": 91662.6, "trend": 14.3658, "fair_value": 22.664019, "relative_strength": -22.977671, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.053301, "energy": 20.092163, "activity_lines": [ 13.905599, 14.156836, 13.825199, 13.959561 ] }, { "date": "2023-09-08", "close": 13.049999, "volume": 41355, "typical_volume": 90257.9, "trend": 14.2626, "fair_value": 22.614403, "relative_strength": -23.655295, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.502197, "energy": 31.991601, "activity_lines": [ 13.538399, 13.950981, 13.757742, 13.87467 ] }, { "date": "2023-09-15", "close": 14.021999, "volume": 44134, "typical_volume": 89398.15, "trend": 14.193, "fair_value": 22.578519, "relative_strength": -18.215229, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.681173, "energy": 23.603856, "activity_lines": [ 13.603199, 13.922508, 13.791599, 13.859148 ] }, { "date": "2023-09-22", "close": 14.129999, "volume": 15688, "typical_volume": 87589.85, "trend": 14.109599, "fair_value": 22.540442, "relative_strength": -15.99659, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.962285, "energy": 18.123579, "activity_lines": [ 13.762799, 13.919563, 13.839685, 13.855083 ] }, { "date": "2023-09-29", "close": 13.877999, "volume": 40567, "typical_volume": 86786.75, "trend": 14.023799, "fair_value": 22.494403, "relative_strength": -16.470234, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.645909, "energy": 10.812506, "activity_lines": [ 13.825199, 13.878326, 13.862314, 13.840141 ] }, { "date": "2023-10-06", "close": 13.392, "volume": 24031, "typical_volume": 84140.75, "trend": 13.936199, "fair_value": 22.448711, "relative_strength": -18.573303, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.471082, "energy": 14.554245, "activity_lines": [ 13.730399, 13.761817, 13.837114, 13.79938 ] }, { "date": "2023-10-13", "close": 13.481999, "volume": 124435, "typical_volume": 84131.65, "trend": 13.861199, "fair_value": 22.389749, "relative_strength": -18.455652, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.343593, "energy": 16.259569, "activity_lines": [ 13.659599, 13.681636, 13.821771, 13.770077 ] }, { "date": "2023-10-20", "close": 13.068, "volume": 331203, "typical_volume": 90299.5, "trend": 13.7778, "fair_value": 22.330442, "relative_strength": -15.436942, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.213971, "energy": 32.893619, "activity_lines": [ 13.422, 13.547781, 13.766914, 13.718903 ] }, { "date": "2023-10-27", "close": 12.906, "volume": 41185, "typical_volume": 88187.7, "trend": 13.7358, "fair_value": 22.278172, "relative_strength": -14.187168, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.837855, "energy": 46.316321, "activity_lines": [ 13.194, 13.417854, 13.692942, 13.662658 ] }, { "date": "2023-11-03", "close": 12.492, "volume": 195770, "typical_volume": 96078.1, "trend": 13.671, "fair_value": 22.216903, "relative_strength": -18.513595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.014133, "energy": 57.605672, "activity_lines": [ 12.9096, 13.231309, 13.577657, 13.582412 ] }, { "date": "2023-11-10", "close": 13.59, "volume": 220737, "typical_volume": 104740.45, "trend": 13.6392, "fair_value": 22.171903, "relative_strength": -9.822046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.689857, "energy": 42.235331, "activity_lines": [ 13.0836, 13.270909, 13.564885, 13.577187 ] }, { "date": "2023-11-17", "close": 13.23, "volume": 182988, "typical_volume": 101855.45, "trend": 13.584, "fair_value": 22.122865, "relative_strength": -14.603884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.009021, "energy": 30.388322, "activity_lines": [ 13.1244, 13.239818, 13.5114, 13.550787 ] }, { "date": "2023-11-24", "close": 13.049999, "volume": 81787, "typical_volume": 98611.3, "trend": 13.524, "fair_value": 22.075557, "relative_strength": -15.921247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.735342, "energy": 26.019841, "activity_lines": [ 13.122, 13.172727, 13.440085, 13.516335 ] }, { "date": "2023-12-01", "close": 11.934, "volume": 572829, "typical_volume": 121176.3, "trend": 13.461, "fair_value": 22.013019, "relative_strength": -22.809602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.727734, "energy": 36.017179, "activity_lines": [ 12.7488, 12.9204, 13.268657, 13.413754 ] }, { "date": "2023-12-08", "close": 12.221999, "volume": 62512, "typical_volume": 120229.3, "trend": 13.4166, "fair_value": 21.950595, "relative_strength": -22.201988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.548598, "energy": 51.858106, "activity_lines": [ 12.536399, 12.760363, 13.137085, 13.333819 ] }, { "date": "2023-12-15", "close": 12.042, "volume": 197384, "typical_volume": 126464.7, "trend": 13.362599, "fair_value": 21.877211, "relative_strength": -24.652354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.298664, "energy": 61.002259, "activity_lines": [ 12.282, 12.597709, 12.999685, 13.245135 ] }, { "date": "2023-12-22", "close": 11.808, "volume": 120491, "typical_volume": 130866.35, "trend": 13.3074, "fair_value": 21.780403, "relative_strength": -24.672519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.051241, "energy": 65.82369, "activity_lines": [ 12.0528, 12.417054, 12.851657, 13.144838 ] }, { "date": "2023-12-29", "close": 12.528, "volume": 123864, "typical_volume": 134113.3, "trend": 13.3152, "fair_value": 21.695134, "relative_strength": -19.528529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.774607, "energy": 49.250534, "activity_lines": [ 12.1584, 12.397745, 12.785828, 13.094554 ] }, { "date": "2024-01-05", "close": 11.754, "volume": 43911, "typical_volume": 129820.85, "trend": 13.29, "fair_value": 21.599134, "relative_strength": -21.25005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.144274, "energy": 46.973746, "activity_lines": [ 12.0408, 12.247527, 12.6576, 12.993832 ] }, { "date": "2024-01-12", "close": 11.97, "volume": 146337, "typical_volume": 133309.3, "trend": 13.287, "fair_value": 21.514903, "relative_strength": -19.200537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.682933, "energy": 37.854129, "activity_lines": [ 12.0072, 12.157527, 12.560314, 12.908671 ] }, { "date": "2024-01-19", "close": 9.99, "volume": 743484, "typical_volume": 167734.6, "trend": 13.212, "fair_value": 21.392595, "relative_strength": -30.078603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.924257, "energy": 61.597057, "activity_lines": [ 11.3304, 11.717018, 12.283886, 12.695961 ] }, { "date": "2024-01-26", "close": 9.702, "volume": 241176, "typical_volume": 177725.65, "trend": 13.0992, "fair_value": 21.251134, "relative_strength": -33.439999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.445648, "energy": 79.86925, "activity_lines": [ 10.6944, 11.2896, 11.9958, 12.469509 ] }, { "date": "2024-02-02", "close": 8.882999, "volume": 99738, "typical_volume": 180505.85, "trend": 12.9171, "fair_value": 21.081922, "relative_strength": -38.34983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.313431, "energy": 89.191743, "activity_lines": [ 9.9258, 10.777418, 11.645657, 12.197496 ] }, { "date": "2024-02-09", "close": 8.406, "volume": 219130, "typical_volume": 190677.95, "trend": 12.7125, "fair_value": 20.883115, "relative_strength": -40.569614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.44279, "energy": 93.775986, "activity_lines": [ 9.2412, 10.254273, 11.274557, 11.906458 ] }, { "date": "2024-02-16", "close": 8.145, "volume": 268500, "typical_volume": 202074.6, "trend": 12.4974, "fair_value": 20.695326, "relative_strength": -43.077178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.107408, "energy": 92.433795, "activity_lines": [ 8.6928, 9.747818, 10.905857, 11.61178 ] }, { "date": "2024-02-23", "close": 8.136, "volume": 213280, "typical_volume": 211537.05, "trend": 12.2856, "fair_value": 20.517288, "relative_strength": -42.98469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.249823, "energy": 90.166751, "activity_lines": [ 8.3964, 9.313854, 10.5636, 11.3304 ] }, { "date": "2024-03-01", "close": 9.144, "volume": 329297, "typical_volume": 221780.15, "trend": 12.1014, "fair_value": 20.362442, "relative_strength": -35.843161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.259709, "energy": 80.301867, "activity_lines": [ 8.5596, 9.134182, 10.342371, 11.127716 ] }, { "date": "2024-03-08", "close": 8.226, "volume": 115234, "typical_volume": 210981.7, "trend": 11.8788, "fair_value": 20.195365, "relative_strength": -42.122999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.242635, "energy": 65.084737, "activity_lines": [ 8.454, 8.836036, 10.054371, 10.87769 ] }, { "date": "2024-03-15", "close": 8.514, "volume": 43836, "typical_volume": 211114.25, "trend": 11.6982, "fair_value": 20.02898, "relative_strength": -40.344238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.7508, "energy": 58.949714, "activity_lines": [ 8.4882, 8.668473, 9.816857, 10.660606 ] }, { "date": "2024-03-22", "close": 8.892, "volume": 65728, "typical_volume": 204612.15, "trend": 11.5296, "fair_value": 19.859249, "relative_strength": -36.862176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.041515, "energy": 47.789534, "activity_lines": [ 8.6412, 8.628545, 9.636257, 10.479561 ] }, { "date": "2024-03-29", "close": 8.55, "volume": 55208, "typical_volume": 196335.7, "trend": 11.3712, "fair_value": 19.662807, "relative_strength": -38.267562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.682181, "energy": 47.503367, "activity_lines": [ 8.6304, 8.5824, 9.440228, 10.287329 ] }, { "date": "2024-04-05", "close": 8.64, "volume": 54357, "typical_volume": 189904.15, "trend": 11.2242, "fair_value": 19.475596, "relative_strength": -36.581929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.772006, "energy": 42.136796, "activity_lines": [ 8.622, 8.5788, 9.276771, 10.111122 ] }, { "date": "2024-04-12", "close": 8.837999, "volume": 168327, "typical_volume": 194231.15, "trend": 11.0514, "fair_value": 19.281576, "relative_strength": -34.504417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.36589, "energy": 36.513955, "activity_lines": [ 8.7132, 8.630509, 9.154028, 9.957174 ] }, { "date": "2024-04-19", "close": 8.099999, "volume": 189083, "typical_volume": 175043.85, "trend": 10.8504, "fair_value": 19.091192, "relative_strength": -39.118244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.54569, "energy": 48.688924, "activity_lines": [ 8.517599, 8.548854, 8.981057, 9.766761 ] }, { "date": "2024-04-26", "close": 8.082, "volume": 56139, "typical_volume": 174725.2, "trend": 10.6572, "fair_value": 18.896653, "relative_strength": -39.839288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.404626, "energy": 49.167321, "activity_lines": [ 8.3436, 8.469491, 8.824628, 9.588155 ] }, { "date": "2024-05-03", "close": 7.758, "volume": 64930, "typical_volume": 168102.5, "trend": 10.4694, "fair_value": 18.698884, "relative_strength": -41.179446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.393176, "energy": 53.603147, "activity_lines": [ 8.1156, 8.332363, 8.657057, 9.401109 ] }, { "date": "2024-05-10", "close": 7.668, "volume": 90127, "typical_volume": 166584.3, "trend": 10.2756, "fair_value": 18.514673, "relative_strength": -43.142065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.946126, "energy": 64.678064, "activity_lines": [ 7.9104, 8.185745, 8.501314, 9.220374 ] }, { "date": "2024-05-17", "close": 8.099999, "volume": 58496, "typical_volume": 163315.9, "trend": 10.11, "fair_value": 18.32573, "relative_strength": -38.689842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.438641, "energy": 49.847238, "activity_lines": [ 7.914, 8.144509, 8.406428, 9.080013 ] }, { "date": "2024-05-24", "close": 7.956, "volume": 70691, "typical_volume": 164654.9, "trend": 9.945, "fair_value": 18.139903, "relative_strength": -39.629684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.223561, "energy": 46.86584, "activity_lines": [ 7.9188, 8.079381, 8.318914, 8.941045 ] }, { "date": "2024-05-31", "close": 8.243999, "volume": 127800, "typical_volume": 163728.05, "trend": 9.8034, "fair_value": 17.956211, "relative_strength": -36.419345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.35232, "energy": 40.475858, "activity_lines": [ 8.029199, 8.076763, 8.276914, 8.831303 ] }, { "date": "2024-06-07", "close": 8.82, "volume": 97237, "typical_volume": 131415.7, "trend": 9.6444, "fair_value": 17.779673, "relative_strength": -31.937499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.224626, "energy": 21.359538, "activity_lines": [ 8.3208, 8.190654, 8.307514, 8.767858 ] }, { "date": "2024-06-14", "close": 8.91, "volume": 88059, "typical_volume": 123759.85, "trend": 9.5004, "fair_value": 17.603711, "relative_strength": -29.105964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.833356, "energy": 15.870033, "activity_lines": [ 8.5716, 8.316, 8.352257, 8.720477 ] }, { "date": "2024-06-21", "close": 8.604, "volume": 186216, "typical_volume": 128083.75, "trend": 9.3522, "fair_value": 17.413672, "relative_strength": -31.290088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.727068, "energy": 15.521673, "activity_lines": [ 8.6376, 8.3808, 8.371628, 8.662645 ] }, { "date": "2024-06-28", "close": 8.927999, "volume": 295752, "typical_volume": 131914.85, "trend": 9.252, "fair_value": 17.218788, "relative_strength": -27.959072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.254372, "energy": 15.399746, "activity_lines": [ 8.778, 8.508763, 8.423185, 8.635277 ] }, { "date": "2024-07-05", "close": 8.136, "volume": 50887, "typical_volume": 121034.2, "trend": 9.1158, "fair_value": 17.031519, "relative_strength": -33.1641, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.784418, "energy": 13.063579, "activity_lines": [ 8.5896, 8.477672, 8.396828, 8.563277 ] }, { "date": "2024-07-12", "close": 8.118, "volume": 28225, "typical_volume": 111781.45, "trend": 8.985, "fair_value": 16.835769, "relative_strength": -34.292038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.307392, "energy": 15.700615, "activity_lines": [ 8.4024, 8.442327, 8.3688, 8.498903 ] }, { "date": "2024-07-19", "close": 8.190001, "volume": 20926, "typical_volume": 96362.9, "trend": 8.8644, "fair_value": 16.650576, "relative_strength": -31.213961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.010272, "energy": 19.450233, "activity_lines": [ 8.286, 8.413527, 8.347714, 8.447613 ] }, { "date": "2024-07-26", "close": 8.28, "volume": 11198, "typical_volume": 91161.1, "trend": 8.7228, "fair_value": 16.461923, "relative_strength": -29.738249, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.372941, "energy": 23.414541, "activity_lines": [ 8.2476, 8.3916, 8.339743, 8.40991 ] }, { "date": "2024-08-02", "close": 7.938, "volume": 23309, "typical_volume": 90134.75, "trend": 8.5956, "fair_value": 16.278576, "relative_strength": -28.560531, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.018654, "energy": 31.299777, "activity_lines": [ 8.1168, 8.304218, 8.298943, 8.359277 ] }, { "date": "2024-08-09", "close": 8.136, "volume": 21037, "typical_volume": 87900.2, "trend": 8.4678, "fair_value": 16.112942, "relative_strength": -25.428111, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.404379, "energy": 30.716697, "activity_lines": [ 8.118, 8.253164, 8.279743, 8.329626 ] }, { "date": "2024-08-16", "close": 8.190001, "volume": 19176, "typical_volume": 86098.6, "trend": 8.4078, "fair_value": 15.984288, "relative_strength": -26.096893, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.407813, "energy": 24.540145, "activity_lines": [ 8.1372, 8.213891, 8.269286, 8.311703 ] }, { "date": "2024-08-23", "close": 8.118, "volume": 29635, "typical_volume": 84862.5, "trend": 8.355, "fair_value": 15.856903, "relative_strength": -26.421845, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.766915, "energy": 23.438572, "activity_lines": [ 8.1276, 8.172982, 8.253686, 8.293006 ] }, { "date": "2024-08-30", "close": 7.668, "volume": 43267, "typical_volume": 78609.5, "trend": 8.3145, "fair_value": 15.713653, "relative_strength": -30.512308, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.044935, "energy": 30.846381, "activity_lines": [ 7.9728, 8.064655, 8.197714, 8.248684 ] }, { "date": "2024-09-06", "close": 8.009999, "volume": 32330, "typical_volume": 70771.85, "trend": 8.3013, "fair_value": 15.580961, "relative_strength": -23.086342, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.281619, "energy": 27.94525, "activity_lines": [ 7.9728, 8.035527, 8.179886, 8.229039 ] }, { "date": "2024-09-13", "close": 7.595999, "volume": 21162, "typical_volume": 69023.0, "trend": 8.283, "fair_value": 15.443884, "relative_strength": -27.211101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.01608, "energy": 41.286042, "activity_lines": [ 7.829999, 7.947818, 8.123057, 8.183535 ] }, { "date": "2024-09-20", "close": 8.28, "volume": 23915, "typical_volume": 66972.25, "trend": 8.2878, "fair_value": 15.3135, "relative_strength": -21.100435, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.550451, "energy": 26.584245, "activity_lines": [ 7.9512, 7.994291, 8.133686, 8.183342 ] }, { "date": "2024-09-27", "close": 7.578, "volume": 35560, "typical_volume": 64243.9, "trend": 8.2356, "fair_value": 15.18698, "relative_strength": -28.229356, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.010205, "energy": 28.217115, "activity_lines": [ 7.8324, 7.910182, 8.074971, 8.137548 ] }, { "date": "2024-10-04", "close": 7.578, "volume": 42246, "typical_volume": 63431.4, "trend": 8.214, "fair_value": 15.071711, "relative_strength": -26.071463, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.726136, "energy": 35.228071, "activity_lines": [ 7.7496, 7.8372, 8.016686, 8.095122 ] }, { "date": "2024-10-11", "close": 7.434, "volume": 29921, "typical_volume": 61392.9, "trend": 8.178, "fair_value": 14.953788, "relative_strength": -25.864169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.530327, "energy": 36.535395, "activity_lines": [ 7.6248, 7.7508, 7.947171, 8.0448 ] }, { "date": "2024-10-18", "close": 7.056, "volume": 44589, "typical_volume": 57232.35, "trend": 8.1168, "fair_value": 14.831134, "relative_strength": -28.518227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.854748, "energy": 59.617504, "activity_lines": [ 7.4124, 7.604836, 7.844143, 7.972413 ] }, { "date": "2024-10-25", "close": 6.75, "volume": 97944, "typical_volume": 57267.7, "trend": 8.0568, "fair_value": 14.703634, "relative_strength": -30.263337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.079845, "energy": 65.581454, "activity_lines": [ 7.134, 7.422873, 7.717629, 7.884232 ] }, { "date": "2024-11-01", "close": 7.056, "volume": 63305, "typical_volume": 56030.0, "trend": 8.004, "fair_value": 14.580692, "relative_strength": -24.897807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.849945, "energy": 59.602041, "activity_lines": [ 7.0596, 7.322727, 7.630114, 7.819664 ] }, { "date": "2024-11-08", "close": 6.93, "volume": 40166, "typical_volume": 48727.5, "trend": 7.9404, "fair_value": 14.467326, "relative_strength": -24.820437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.105266, "energy": 60.992144, "activity_lines": [ 6.978, 7.218982, 7.539429, 7.750374 ] }, { "date": "2024-11-15", "close": 6.678, "volume": 106820, "typical_volume": 39280.9, "trend": 7.893, "fair_value": 14.352634, "relative_strength": -24.799869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.361332, "energy": 58.822099, "activity_lines": [ 6.8556, 7.082836, 7.432714, 7.668929 ] }, { "date": "2024-11-22", "close": 7.686, "volume": 102006, "typical_volume": 41836.85, "trend": 7.8798, "fair_value": 14.257096, "relative_strength": -12.25666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.047663, "energy": 31.507096, "activity_lines": [ 7.1196, 7.154182, 7.432714, 7.655574 ] }, { "date": "2024-11-29", "close": 7.326, "volume": 54908, "typical_volume": 43171.0, "trend": 7.8654, "fair_value": 14.171365, "relative_strength": -15.240353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.298378, "energy": 22.522884, "activity_lines": [ 7.2216, 7.158436, 7.400571, 7.619845 ] }, { "date": "2024-12-06", "close": 7.686, "volume": 69475, "typical_volume": 45598.45, "trend": 7.866, "fair_value": 14.068326, "relative_strength": -13.355105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.110541, "energy": 15.31535, "activity_lines": [ 7.4052, 7.245491, 7.406486, 7.608271 ] }, { "date": "2024-12-13", "close": 8.604, "volume": 211978, "typical_volume": 55637.45, "trend": 7.8828, "fair_value": 13.973769, "relative_strength": 0.14526, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.130551, "energy": 14.368529, "activity_lines": [ 7.8528, 7.497491, 7.502229, 7.655884 ] }, { "date": "2024-12-20", "close": 8.676, "volume": 85730, "typical_volume": 58758.5, "trend": 7.9068, "fair_value": 13.877653, "relative_strength": 5.196589, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 25.356802, "energy": 26.335572, "activity_lines": [ 8.2128, 7.743927, 7.603286, 7.707058 ] }, { "date": "2024-12-27", "close": 8.658, "volume": 40443, "typical_volume": 59728.8, "trend": 7.9206, "fair_value": 13.777673, "relative_strength": 5.385655, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.739381, "energy": 34.589795, "activity_lines": [ 8.4336, 7.964509, 7.699114, 7.755523 ] }, { "date": "2025-01-03", "close": 10.440001, "volume": 97766, "typical_volume": 63658.3, "trend": 7.9746, "fair_value": 13.683057, "relative_strength": 26.644779, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.938501, "energy": 65.541838, "activity_lines": [ 9.1836, 8.479964, 7.962171, 7.918065 ] }, { "date": "2025-01-10", "close": 10.125, "volume": 127580, "typical_volume": 68555.55, "trend": 8.0151, "fair_value": 13.597384, "relative_strength": 22.994666, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.347884, "energy": 75.727215, "activity_lines": [ 9.621, 8.871055, 8.184514, 8.0568 ] }, { "date": "2025-01-17", "close": 9.629999, "volume": 157974, "typical_volume": 74290.9, "trend": 8.0493, "fair_value": 13.535942, "relative_strength": 13.240742, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.04151, "energy": 68.716576, "activity_lines": [ 9.7308, 9.116345, 8.350157, 8.160987 ] }, { "date": "2025-01-24", "close": 9.52, "volume": 601124, "typical_volume": 102730.6, "trend": 8.069033, "fair_value": 13.480718, "relative_strength": 10.097136, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.964673, "energy": 63.135249, "activity_lines": [ 9.735533, 9.292545, 8.495981, 8.255871 ] }, { "date": "2025-01-31", "close": 9.34, "volume": 167065, "typical_volume": 110025.75, "trend": 8.109167, "fair_value": 13.426128, "relative_strength": 8.145804, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.477373, "energy": 40.500395, "activity_lines": [ 9.624, 9.384345, 8.617471, 8.337869 ] }, { "date": "2025-02-07", "close": 9.24, "volume": 177382, "typical_volume": 117699.1, "trend": 8.146567, "fair_value": 13.374359, "relative_strength": 8.282442, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.952138, "energy": 30.6629, "activity_lines": [ 9.433667, 9.427891, 8.721133, 8.410826 ] }, { "date": "2025-02-14", "close": 9.18, "volume": 70148, "typical_volume": 119428.5, "trend": 8.179567, "fair_value": 13.328205, "relative_strength": 4.522906, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.024875, "energy": 22.662873, "activity_lines": [ 9.303333, 9.425727, 8.81451, 8.477499 ] }, { "date": "2025-02-21", "close": 9.14, "volume": 79906, "typical_volume": 121311.5, "trend": 8.208233, "fair_value": 13.280525, "relative_strength": 3.780871, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.475913, "energy": 18.704189, "activity_lines": [ 9.222667, 9.389127, 8.896448, 8.539462 ] }, { "date": "2025-02-28", "close": 9.12, "volume": 78078, "typical_volume": 123719.35, "trend": 8.247633, "fair_value": 13.240333, "relative_strength": 3.764002, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.034261, "energy": 16.851671, "activity_lines": [ 9.168, 9.339145, 8.969043, 8.598286 ] }, { "date": "2025-03-07", "close": 8.78, "volume": 68226, "typical_volume": 124901.2, "trend": 8.2691, "fair_value": 13.185269, "relative_strength": -0.216157, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.642574, "energy": 15.140796, "activity_lines": [ 9.026667, 9.219273, 9.001229, 8.632632 ] }, { "date": "2025-03-14", "close": 8.86, "volume": 57992, "typical_volume": 122903.6, "trend": 8.291433, "fair_value": 13.127371, "relative_strength": 2.486047, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.812926, "energy": 14.743148, "activity_lines": [ 8.949333, 9.111727, 9.032824, 8.670755 ] }, { "date": "2025-03-21", "close": 8.74, "volume": 14568, "typical_volume": 120466.75, "trend": 8.312167, "fair_value": 13.05532, "relative_strength": 3.250297, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.625607, "energy": 11.491171, "activity_lines": [ 8.857333, 9.011091, 9.042943, 8.699695 ] }, { "date": "2025-03-28", "close": 9.0, "volume": 13940, "typical_volume": 119155.45, "trend": 8.356567, "fair_value": 12.980032, "relative_strength": 9.852015, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.144046, "energy": 11.119851, "activity_lines": [ 8.881333, 8.982909, 9.069805, 8.744071 ] }, { "date": "2025-04-04", "close": 7.52, "volume": 115920, "typical_volume": 119610.45, "trend": 8.340233, "fair_value": 12.895545, "relative_strength": 2.136414, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -8.540272, "energy": 16.859295, "activity_lines": [ 8.421333, 8.697091, 8.945857, 8.690099 ] }, { "date": "2025-04-11", "close": 7.34, "volume": 203202, "typical_volume": 124670.25, "trend": 8.3317, "fair_value": 12.815384, "relative_strength": 0.294942, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.100848, "energy": 41.182453, "activity_lines": [ 8.008, 8.414909, 8.800757, 8.625568 ] }, { "date": "2025-04-18", "close": 7.46, "volume": 26519, "typical_volume": 123250.8, "trend": 8.304367, "fair_value": 12.749089, "relative_strength": -1.398312, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.399164, "energy": 48.844598, "activity_lines": [ 7.730667, 8.190909, 8.668733, 8.569329 ] }, { "date": "2025-04-25", "close": 8.04, "volume": 55029, "typical_volume": 122528.5, "trend": 8.319767, "fair_value": 12.695051, "relative_strength": 3.04754, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.247613, "energy": 47.477644, "activity_lines": [ 7.74, 8.104727, 8.59131, 8.552273 ] }, { "date": "2025-05-02", "close": 7.88, "volume": 30949, "typical_volume": 113477.05, "trend": 8.329833, "fair_value": 12.641141, "relative_strength": -0.548689, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.799175, "energy": 41.518277, "activity_lines": [ 7.742667, 8.010182, 8.496962, 8.523901 ] }, { "date": "2025-05-09", "close": 7.38, "volume": 125957, "typical_volume": 115488.4, "trend": 8.328033, "fair_value": 12.577679, "relative_strength": -6.396406, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.430032, "energy": 37.038979, "activity_lines": [ 7.653333, 7.847636, 8.358443, 8.462622 ] }, { "date": "2025-05-16", "close": 7.8, "volume": 138913, "typical_volume": 120411.9, "trend": 8.352833, "fair_value": 12.511429, "relative_strength": -4.739774, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.536853, "energy": 22.450326, "activity_lines": [ 7.713333, 7.793091, 8.266095, 8.428555 ] }, { "date": "2025-05-23", "close": 8.66, "volume": 208105, "typical_volume": 125928.85, "trend": 8.4165, "fair_value": 12.45248, "relative_strength": 8.215454, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -3.867532, "energy": 8.514411, "activity_lines": [ 8.029333, 7.912727, 8.259738, 8.448372 ] }, { "date": "2025-05-30", "close": 8.06, "volume": 54815, "typical_volume": 122290.6, "trend": 8.449967, "fair_value": 12.390378, "relative_strength": 0.015117, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.724651, "energy": 16.698995, "activity_lines": [ 8.065333, 7.926909, 8.204714, 8.425372 ] }, { "date": "2025-06-06", "close": 9.66, "volume": 53452, "typical_volume": 117064.5, "trend": 8.540967, "fair_value": 12.344993, "relative_strength": 18.327712, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.835068, "energy": 17.381959, "activity_lines": [ 8.633333, 8.244364, 8.311905, 8.503439 ] }, { "date": "2025-06-13", "close": 9.54, "volume": 132986, "typical_volume": 93657.6, "trend": 8.636367, "fair_value": 12.307493, "relative_strength": 19.514495, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.552608, "energy": 27.785746, "activity_lines": [ 9.042667, 8.528, 8.407524, 8.567892 ] }, { "date": "2025-06-20", "close": 10.9, "volume": 296658, "typical_volume": 100137.25, "trend": 8.7435, "fair_value": 12.272365, "relative_strength": 36.350221, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.428275, "energy": 55.310133, "activity_lines": [ 9.761333, 9.022182, 8.632571, 8.713933 ] }, { "date": "2025-06-27", "close": 11.85, "volume": 355197, "typical_volume": 109028.0, "trend": 8.8943, "fair_value": 12.251404, "relative_strength": 43.682079, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 83.528264, "energy": 80.128831, "activity_lines": [ 10.59, 9.624364, 8.940667, 8.914353 ] }, { "date": "2025-07-04", "close": 12.85, "volume": 209395, "typical_volume": 115990.35, "trend": 9.066433, "fair_value": 12.234429, "relative_strength": 53.67777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.510873, "energy": 88.743164, "activity_lines": [ 11.539333, 10.328545, 9.331571, 9.169559 ] }, { "date": "2025-07-11", "close": 14.0, "volume": 258348, "typical_volume": 124912.45, "trend": 9.2463, "fair_value": 12.228404, "relative_strength": 63.016821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.549308, "energy": 94.519243, "activity_lines": [ 12.552667, 11.154364, 9.814524, 9.487854 ] }, { "date": "2025-07-18", "close": 14.0, "volume": 425839, "typical_volume": 142300.5, "trend": 9.423767, "fair_value": 12.217647, "relative_strength": 60.793213, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.905482, "energy": 92.231363, "activity_lines": [ 13.276667, 11.868909, 10.274333, 9.794544 ] }, { "date": "2025-07-25", "close": 14.25, "volume": 161099, "typical_volume": 146944.15, "trend": 9.610167, "fair_value": 12.197532, "relative_strength": 57.916191, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.207458, "energy": 90.954186, "activity_lines": [ 13.786667, 12.508545, 10.734714, 10.105914 ] }, { "date": "2025-08-01", "close": 12.65, "volume": 132082, "typical_volume": 150648.65, "trend": 9.683833, "fair_value": 12.160641, "relative_strength": 42.801373, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.110518, "energy": 79.005742, "activity_lines": [ 13.54, 12.74, 11.016667, 10.302032 ] }, { "date": "2025-08-08", "close": 16.049999, "volume": 530502, "typical_volume": 176445.35, "trend": 9.881333, "fair_value": 12.139198, "relative_strength": 73.62468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.150585, "energy": 70.174027, "activity_lines": [ 14.373333, 13.517091, 11.604381, 10.712753 ] }, { "date": "2025-08-15", "close": 14.4, "volume": 139714, "typical_volume": 182734.05, "trend": 10.040333, "fair_value": 12.11266, "relative_strength": 51.72643, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.709036, "energy": 57.450611, "activity_lines": [ 14.443333, 13.848909, 12.000143, 11.00428 ] }, { "date": "2025-08-22", "close": 14.4, "volume": 34115, "typical_volume": 178643.8, "trend": 10.203, "fair_value": 12.089929, "relative_strength": 47.262019, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.297444, "energy": 53.67905, "activity_lines": [ 14.486666, 14.094545, 12.37019, 11.285548 ] }, { "date": "2025-08-29", "close": 14.65, "volume": 91406, "typical_volume": 173054.0, "trend": 10.38, "fair_value": 12.078032, "relative_strength": 51.348659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.343752, "energy": 54.076116, "activity_lines": [ 14.586667, 14.297273, 12.731286, 11.572452 ] }, { "date": "2025-09-05", "close": 13.8, "volume": 93164, "typical_volume": 176386.25, "trend": 10.532, "fair_value": 12.062878, "relative_strength": 41.025837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.937774, "energy": 44.839591, "activity_lines": [ 14.376667, 14.277273, 12.976619, 11.793097 ] }, { "date": "2025-09-12", "close": 14.6, "volume": 492841, "typical_volume": 198276.85, "trend": 10.712667, "fair_value": 12.051814, "relative_strength": 46.791222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.546958, "energy": 38.977227, "activity_lines": [ 14.356667, 14.367273, 13.267952, 12.055548 ] }, { "date": "2025-09-19", "close": 14.3, "volume": 360451, "typical_volume": 214751.95, "trend": 10.884667, "fair_value": 12.040673, "relative_strength": 41.591234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.450347, "energy": 33.894398, "activity_lines": [ 14.333333, 14.370909, 13.499476, 12.286989 ] }, { "date": "2025-09-26", "close": 11.45, "volume": 316200, "typical_volume": 224264.1, "trend": 10.962333, "fair_value": 12.003186, "relative_strength": 12.620597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.857934, "energy": 16.054156, "activity_lines": [ 13.366667, 13.850909, 13.429, 12.323462 ] }, { "date": "2025-10-03", "close": 10.45, "volume": 323828, "typical_volume": 233509.85, "trend": 11.018, "fair_value": 11.952192, "relative_strength": -0.848018, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.686492, "energy": 15.389104, "activity_lines": [ 12.263333, 13.195455, 13.243905, 12.290409 ] }, { "date": "2025-10-10", "close": 9.9, "volume": 203006, "typical_volume": 233254.9, "trend": 11.052667, "fair_value": 11.888731, "relative_strength": -5.690227, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.090888, "energy": 30.391253, "activity_lines": [ 11.256667, 12.509091, 12.993809, 12.21828 ] }, { "date": "2025-10-17", "close": 8.4, "volume": 347150, "typical_volume": 247871.65, "trend": 11.041333, "fair_value": 11.794884, "relative_strength": -19.953611, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.859642, "energy": 58.237733, "activity_lines": [ 10.01, 11.6, 12.594952, 12.04714 ] }, { "date": "2025-10-24", "close": 8.6, "volume": 365231, "typical_volume": 263460.6, "trend": 11.028, "fair_value": 11.704339, "relative_strength": -20.750789, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.723847, "energy": 65.794048, "activity_lines": [ 9.243333, 10.866364, 12.213524, 11.889634 ] }, { "date": "2025-10-31", "close": 9.36, "volume": 150361, "typical_volume": 264329.35, "trend": 11.089333, "fair_value": 11.602801, "relative_strength": -13.396197, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.100599, "energy": 63.09453, "activity_lines": [ 9.11, 10.376364, 11.909524, 11.782021 ] }, { "date": "2025-11-07", "close": 8.58, "volume": 468087, "typical_volume": 272900.8, "trend": 11.130667, "fair_value": 11.51184, "relative_strength": -19.79693, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.641339, "energy": 67.800708, "activity_lines": [ 8.856, 9.836182, 11.532095, 11.620129 ] }, { "date": "2025-11-14", "close": 8.64, "volume": 423199, "typical_volume": 276300.9, "trend": 11.17, "fair_value": 11.432224, "relative_strength": -20.125066, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.941509, "energy": 61.6899, "activity_lines": [ 8.746667, 9.417273, 11.171429, 11.459441 ] }, { "date": "2025-11-21", "close": 8.94, "volume": 111988, "typical_volume": 271430.55, "trend": 11.2, "fair_value": 11.35107, "relative_strength": -15.688118, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.391657, "energy": 47.655713, "activity_lines": [ 8.821333, 9.146727, 10.854619, 11.31557 ] }, { "date": "2025-11-28", "close": 8.38, "volume": 89202, "typical_volume": 262973.25, "trend": 11.216667, "fair_value": 11.267481, "relative_strength": -23.510369, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.902623, "energy": 60.578351, "activity_lines": [ 8.673333, 8.877273, 10.503095, 11.133634 ] }, { "date": "2025-12-05", "close": 8.28, "volume": 94946, "typical_volume": 246428.6, "trend": 11.246667, "fair_value": 11.193346, "relative_strength": -25.457977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.412458, "energy": 54.358409, "activity_lines": [ 8.506667, 8.697273, 10.16881, 10.944172 ] }, { "date": "2025-12-12", "close": 7.98, "volume": 96240, "typical_volume": 243185.65, "trend": 11.252667, "fair_value": 11.113538, "relative_strength": -27.826249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.748579, "energy": 54.488946, "activity_lines": [ 8.312, 8.520364, 9.83319, 10.733419 ] }, { "date": "2025-12-19", "close": 8.5, "volume": 317681, "typical_volume": 252465.6, "trend": 11.247333, "fair_value": 11.032449, "relative_strength": -23.478266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.291609, "energy": 50.492405, "activity_lines": [ 8.330667, 8.482909, 9.576952, 10.555828 ] }, { "date": "2025-12-26", "close": 7.62, "volume": 138834, "typical_volume": 232882.2, "trend": 11.232667, "fair_value": 10.942833, "relative_strength": -31.317749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.251769, "energy": 69.053918, "activity_lines": [ 8.065333, 8.310909, 9.256667, 10.321806 ] }, { "date": "2026-01-02", "close": 8.2, "volume": 200721, "typical_volume": 235932.55, "trend": 11.184, "fair_value": 10.850013, "relative_strength": -26.437154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.532725, "energy": 56.640459, "activity_lines": [ 8.081333, 8.258545, 9.031762, 10.126151 ] }, { "date": "2026-01-09", "close": 8.4, "volume": 80301, "typical_volume": 238241.85, "trend": 11.146, "fair_value": 10.760493, "relative_strength": -26.575762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.162545, "energy": 46.282294, "activity_lines": [ 8.176, 8.249818, 8.855429, 9.946538 ] }, { "date": "2026-01-16", "close": 7.96, "volume": 48279, "typical_volume": 236085.5, "trend": 11.048, "fair_value": 10.698558, "relative_strength": -31.535377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.936141, "energy": 48.576614, "activity_lines": [ 8.116, 8.178545, 8.665762, 9.740989 ] }, { "date": "2026-01-23", "close": 6.18, "volume": 1382350, "typical_volume": 300544.8, "trend": 10.859, "fair_value": 10.631096, "relative_strength": -45.984816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.670726, "energy": 61.307629, "activity_lines": [ 7.464, 7.794909, 8.338429, 9.426925 ] }, { "date": "2026-01-30", "close": 5.78, "volume": 662604, "typical_volume": 309032.95, "trend": 10.623333, "fair_value": 10.563263, "relative_strength": -49.289115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.759777, "energy": 84.378314, "activity_lines": [ 6.833333, 7.383273, 8.009286, 9.099247 ] }, { "date": "2026-02-06", "close": 5.6, "volume": 536824, "typical_volume": 317851.6, "trend": 10.343333, "fair_value": 10.49566, "relative_strength": -51.927775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.988682, "energy": 91.211596, "activity_lines": [ 6.265333, 6.996364, 7.705, 8.775161 ] }, { "date": "2026-02-13", "close": 5.58, "volume": 274444, "typical_volume": 315763.8, "trend": 10.062667, "fair_value": 10.42816, "relative_strength": -51.69317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.671781, "energy": 89.804275, "activity_lines": [ 5.864, 6.656364, 7.440238, 8.467849 ] }, { "date": "2026-02-20", "close": 5.24, "volume": 290809, "typical_volume": 314112.85, "trend": 9.762333, "fair_value": 10.355134, "relative_strength": -55.104214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.609733, "energy": 90.041746, "activity_lines": [ 5.537333, 6.303636, 7.171048, 8.15671 ] }, { "date": "2026-02-27", "close": 5.64, "volume": 301241, "typical_volume": 319024.6, "trend": 9.528667, "fair_value": 10.285827, "relative_strength": -51.908671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.201465, "energy": 76.553716, "activity_lines": [ 5.525333, 6.073455, 6.964762, 7.890753 ] }, { "date": "2026-03-06", "close": 5.06, "volume": 166606, "typical_volume": 309997.4, "trend": 9.162333, "fair_value": 10.21557, "relative_strength": -53.860324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.927919, "energy": 67.607849, "activity_lines": [ 5.356, 5.789818, 6.723524, 7.602452 ] }, { "date": "2026-03-13", "close": 5.16, "volume": 125650, "typical_volume": 298018.35, "trend": 8.854333, "fair_value": 10.147801, "relative_strength": -52.233773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.966381, "energy": 64.289027, "activity_lines": [ 5.268, 5.570909, 6.507714, 7.344237 ] }, { "date": "2026-03-20", "close": 5.28, "volume": 72006, "typical_volume": 294100.6, "trend": 8.550333, "fair_value": 10.08184, "relative_strength": -48.081716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.366186, "energy": 61.289013, "activity_lines": [ 5.249333, 5.429091, 6.319714, 7.113634 ] }, { "date": "2026-03-27", "close": 5.12, "volume": 96479, "typical_volume": 275520.2, "trend": 8.232667, "fair_value": 10.023852, "relative_strength": -49.158995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.842983, "energy": 62.185045, "activity_lines": [ 5.197333, 5.314909, 6.135905, 6.892323 ] }, { "date": "2026-04-03", "close": 5.94, "volume": 326826, "typical_volume": 270701.55, "trend": 7.970667, "fair_value": 9.969391, "relative_strength": -42.63747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.013302, "energy": 47.419757, "activity_lines": [ 5.426667, 5.401455, 6.046667, 6.744409 ] }, { "date": "2026-04-10", "close": 6.4, "volume": 371446, "typical_volume": 283674.45, "trend": 7.697333, "fair_value": 9.917186, "relative_strength": -40.680685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.987273, "energy": 33.909901, "activity_lines": [ 5.789333, 5.576, 6.014095, 6.643075 ] }, { "date": "2026-04-17", "close": 7.48, "volume": 319759, "typical_volume": 295202.3, "trend": 7.47, "fair_value": 9.869711, "relative_strength": -31.936244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.150664, "energy": 18.292844, "activity_lines": [ 6.422667, 5.935636, 6.096476, 6.629054 ] }, { "date": "2026-04-24", "close": 7.76, "volume": 173077, "typical_volume": 299108.85, "trend": 7.347, "fair_value": 9.824263, "relative_strength": -27.214438, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.747299, "energy": 35.847884, "activity_lines": [ 6.994667, 6.312, 6.20981, 6.647763 ] }, { "date": "2026-05-01", "close": 7.9, "volume": 223218, "typical_volume": 305457.75, "trend": 7.262, "fair_value": 9.786288, "relative_strength": -24.657828, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.494926, "energy": 47.344452, "activity_lines": [ 7.448, 6.674182, 6.338952, 6.683441 ] }, { "date": "2026-05-08", "close": 7.8, "volume": 405036, "typical_volume": 309825.5, "trend": 7.192, "fair_value": 9.749404, "relative_strength": -25.732624, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.997239, "energy": 52.52445, "activity_lines": [ 7.682667, 6.969818, 6.458952, 6.718151 ] }, { "date": "2026-05-15", "close": 7.92, "volume": 252016, "typical_volume": 315484.6, "trend": 7.176, "fair_value": 9.712596, "relative_strength": -23.467813, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.747685, "energy": 64.060496, "activity_lines": [ 7.833333, 7.248, 6.593714, 6.765118 ] }, { "date": "2026-05-22", "close": 7.64, "volume": 252407, "typical_volume": 318068.9, "trend": 7.144, "fair_value": 9.675263, "relative_strength": -28.317023, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.837962, "energy": 50.621867, "activity_lines": [ 7.789333, 7.423273, 6.700381, 6.795054 ] }, { "date": "2026-05-29", "close": 7.64, "volume": 195377, "typical_volume": 323822.7, "trend": 7.086667, "fair_value": 9.645429, "relative_strength": -27.807769, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.002581, "energy": 34.592256, "activity_lines": [ 7.734667, 7.553455, 6.809714, 6.827054 ] }, { "date": "2026-06-05", "close": 7.7, "volume": 66407, "typical_volume": 324729.1, "trend": 7.057333, "fair_value": 9.614596, "relative_strength": -26.161671, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.119659, "energy": 33.047663, "activity_lines": [ 7.708, 7.651636, 6.928381, 6.866624 ] }, { "date": "2026-06-12", "close": 7.2, "volume": 18974, "typical_volume": 256560.3, "trend": 7.009333, "fair_value": 9.583442, "relative_strength": -30.265942, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.599757, "energy": 20.244576, "activity_lines": [ 7.528, 7.612, 7.000667, 6.875828 ] }, { "date": "2026-06-19", "close": 6.84, "volume": 159290, "typical_volume": 231394.6, "trend": 6.939333, "fair_value": 9.548827, "relative_strength": -34.230667, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.379137, "energy": 9.985457, "activity_lines": [ 7.268, 7.484, 7.03381, 6.864903 ] }, { "date": "2026-06-26", "close": 7.36, "volume": 11848, "typical_volume": 205145.8, "trend": 6.905333, "fair_value": 9.512122, "relative_strength": -27.649365, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 4.087728, "energy": 8.544281, "activity_lines": [ 7.253333, 7.442545, 7.111429, 6.892043 ] }, { "date": "2026-07-03", "close": 7.56, "volume": 27112, "typical_volume": 192779.2, "trend": 6.881333, "fair_value": 9.468622, "relative_strength": -26.603776, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.033128, "energy": 19.279869, "activity_lines": [ 7.324, 7.439636, 7.199714, 6.93428 ] }, { "date": "2026-07-10", "close": 7.3, "volume": 154645, "typical_volume": 185971.0, "trend": 6.858667, "fair_value": 9.422186, "relative_strength": -26.149252, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.424044, "energy": 16.105573, "activity_lines": [ 7.313333, 7.393091, 7.25381, 6.96129 ] }, { "date": "2026-07-17", "close": 7.44, "volume": 151346, "typical_volume": 178476.25, "trend": 6.823333, "fair_value": 9.376301, "relative_strength": -22.494032, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.756416, "energy": 20.970634, "activity_lines": [ 7.376, 7.382909, 7.311429, 6.998796 ] }, { "date": "2026-07-24", "close": 7.5, "volume": 159073, "typical_volume": 178099.6, "trend": 6.819333, "fair_value": 9.331493, "relative_strength": -21.61178, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.272105, "energy": 25.818036, "activity_lines": [ 7.442667, 7.390182, 7.36619, 7.042452 ] }, { "date": "2026-07-31", "close": 7.28, "volume": 100274, "typical_volume": 176830.8, "trend": 6.788667, "fair_value": 9.284122, "relative_strength": -23.669264, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.919846, "energy": 19.367333, "activity_lines": [ 7.392, 7.365091, 7.388381, 7.072172 ] }, { "date": "2026-08-07", "close": 7.66, "volume": 331464, "typical_volume": 189803.7, "trend": 6.764, "fair_value": 9.237686, "relative_strength": -19.233638, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.849828, "energy": 25.211645, "activity_lines": [ 7.473333, 7.415636, 7.436667, 7.128387 ] } ], "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." } } }