{ "ticker": { "uuid": "5f255225-1c47-4ea6-8b7b-0c7ba3af83ab", "symbol": "ADX", "name": "Audax Renovables, S.A.", "exchange": "MCE", "country": "ES", "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": "^IBEX", "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": -70.215, "architecture_energy": 75.466, "architecture_maturity": 15.289, "architecture_confidence": 92.408, "architecture_tenure": "New", "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": 7.3, "rotation_up": 14.78, "upward_expansion": 17.19, "deceleration": 38.81, "rotation_down": 73.85, "downward_expansion": 95.19 }, "activity_lines": [ 1.2012, 1.219088, 1.27386, 1.295147 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 1.194, "trend_reference": 1.313702, "distance_from_trend": -0.091118, "trend_direction": "Weakening", "fair_value": 1.444153, "distance_from_fair_value": -0.173218, "fair_value_direction": "Weakening", "relative_strength": -23.530276, "relative_strength_direction": "Weakening", "price_momentum": -0.07728, "excess_performance": -0.201711, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.091118, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.019775, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.173218, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.126761, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.235303, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.112157, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.07728, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.460093, "read": "Supply-led" } ], "volume": { "latest": 606178, "relative_activity": 0.559028, "balance": 0.460093, "dry_up": 0.591783, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.044313, "annualized_volatility": 0.252661, "from_high_reference": -0.212401, "from_low_reference": 0.010152 }, "levels": { "trend_reference": 1.313702, "fair_value_reference": 1.444153, "structural_low": 1.182, "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": 32, "median_return": -0.020646, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.034145, "regime_survival": 0.8125, "best_return": 0.606431, "worst_return": -0.249735, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.033957, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.098423, "regime_survival": 0.5, "best_return": 0.52635, "worst_return": -0.268186, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.088095, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.171087, "regime_survival": 0.428571, "best_return": 0.545742, "worst_return": -0.300175, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.050537, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.177807, "regime_survival": 0.75, "best_return": 0.348547, "worst_return": -0.402781, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-29", "end": "2024-07-05", "tenure": "Established", "return": 0.209032, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-12", "end": "2024-10-18", "tenure": "Established", "return": -0.004956, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": -0.057432, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-05-09", "tenure": "Established", "return": -0.07619, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-08-08", "tenure": "Established", "return": -0.055566, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.024496, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-29", "end": "2026-01-16", "tenure": "Established", "return": -0.053147, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-03-06", "tenure": "Developing", "return": -0.081602, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-03-27", "tenure": "New", "return": 0.055732, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": -0.015214, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": -0.084649, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-19", "tenure": "New", "return": -0.055073, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-26", "end": "2026-07-10", "tenure": "New", "return": -0.012892, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.005, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.259587, "volume": 1784313, "typical_volume": 889373.45, "trend": 1.193146, "fair_value": 1.387506, "relative_strength": 14.178599, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.956358, "energy": 34.761734, "activity_lines": [ 1.231511, 1.229937, 1.209359, 1.193645 ] }, { "date": "2023-08-25", "close": 1.248048, "volume": 852290, "typical_volume": 882701.4, "trend": 1.190197, "fair_value": 1.384931, "relative_strength": 12.203539, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.676771, "energy": 41.199959, "activity_lines": [ 1.239202, 1.233014, 1.215696, 1.197187 ] }, { "date": "2023-09-01", "close": 1.246125, "volume": 552960, "typical_volume": 876469.35, "trend": 1.190069, "fair_value": 1.38282, "relative_strength": 10.653517, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.664019, "energy": 47.011916, "activity_lines": [ 1.244715, 1.235881, 1.221199, 1.200796 ] }, { "date": "2023-09-08", "close": 1.242279, "volume": 402063, "typical_volume": 862164.0, "trend": 1.190614, "fair_value": 1.380257, "relative_strength": 11.155908, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.631868, "energy": 43.091977, "activity_lines": [ 1.246125, 1.237839, 1.225686, 1.204164 ] }, { "date": "2023-09-15", "close": 1.248048, "volume": 277358, "typical_volume": 830909.75, "trend": 1.189172, "fair_value": 1.377256, "relative_strength": 9.339366, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.46827, "energy": 37.124493, "activity_lines": [ 1.246894, 1.240461, 1.230091, 1.207869 ] }, { "date": "2023-09-22", "close": 1.226895, "volume": 407755, "typical_volume": 816641.45, "trend": 1.188306, "fair_value": 1.374413, "relative_strength": 7.692133, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.939599, "energy": 27.817021, "activity_lines": [ 1.239587, 1.238608, 1.231547, 1.210303 ] }, { "date": "2023-09-29", "close": 1.211511, "volume": 1091227, "typical_volume": 718638.2, "trend": 1.184973, "fair_value": 1.370934, "relative_strength": 6.841998, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.357544, "energy": 15.996467, "activity_lines": [ 1.229331, 1.234587, 1.230714, 1.2118 ] }, { "date": "2023-10-06", "close": 1.142282, "volume": 810905, "typical_volume": 663558.0, "trend": 1.181031, "fair_value": 1.365708, "relative_strength": 2.433735, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.884031, "energy": 14.649781, "activity_lines": [ 1.198434, 1.218224, 1.223342, 1.209046 ] }, { "date": "2023-10-13", "close": 1.165358, "volume": 943062, "typical_volume": 669082.25, "trend": 1.183915, "fair_value": 1.360021, "relative_strength": 3.978106, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.700141, "energy": 26.474783, "activity_lines": [ 1.182153, 1.207175, 1.218132, 1.208035 ] }, { "date": "2023-10-20", "close": 1.094206, "volume": 660305, "typical_volume": 661307.25, "trend": 1.185165, "fair_value": 1.354335, "relative_strength": -0.591209, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.984249, "energy": 55.500259, "activity_lines": [ 1.147282, 1.183889, 1.206016, 1.202247 ] }, { "date": "2023-10-27", "close": 1.06536, "volume": 1057660, "typical_volume": 689493.7, "trend": 1.184011, "fair_value": 1.349347, "relative_strength": -2.47845, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.837349, "energy": 70.387523, "activity_lines": [ 1.113052, 1.157876, 1.191575, 1.194518 ] }, { "date": "2023-11-03", "close": 1.101898, "volume": 1018695, "typical_volume": 683833.55, "trend": 1.183691, "fair_value": 1.343923, "relative_strength": -3.612075, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.91158, "energy": 63.31094, "activity_lines": [ 1.10177, 1.142037, 1.181273, 1.18922 ] }, { "date": "2023-11-10", "close": 1.073053, "volume": 217875, "typical_volume": 666044.05, "trend": 1.182473, "fair_value": 1.337827, "relative_strength": -7.250529, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.205799, "energy": 76.138105, "activity_lines": [ 1.08818, 1.123611, 1.168957, 1.182082 ] }, { "date": "2023-11-17", "close": 1.219203, "volume": 1643077, "typical_volume": 727000.75, "trend": 1.186127, "fair_value": 1.334629, "relative_strength": 0.742652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.045161, "energy": 34.05497, "activity_lines": [ 1.127923, 1.134904, 1.171329, 1.184452 ] }, { "date": "2023-11-24", "close": 1.203819, "volume": 658675, "typical_volume": 737772.9, "trend": 1.191191, "fair_value": 1.331832, "relative_strength": -2.548991, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.487597, "energy": 15.642611, "activity_lines": [ 1.158948, 1.14382, 1.172244, 1.185593 ] }, { "date": "2023-12-01", "close": 1.221126, "volume": 882140, "typical_volume": 730814.5, "trend": 1.196768, "fair_value": 1.329987, "relative_strength": -3.435251, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.519383, "energy": 17.901134, "activity_lines": [ 1.188435, 1.156687, 1.174854, 1.187525 ] }, { "date": "2023-12-08", "close": 1.276894, "volume": 1854599, "typical_volume": 800588.6, "trend": 1.198562, "fair_value": 1.328182, "relative_strength": -0.298948, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 22.379776, "energy": 31.26841, "activity_lines": [ 1.226126, 1.179798, 1.182968, 1.192694 ] }, { "date": "2023-12-15", "close": 1.232664, "volume": 899416, "typical_volume": 827159.85, "trend": 1.201832, "fair_value": 1.325485, "relative_strength": -2.98009, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.302456, "energy": 28.068852, "activity_lines": [ 1.237408, 1.193679, 1.186621, 1.194894 ] }, { "date": "2023-12-22", "close": 1.215357, "volume": 620979, "typical_volume": 843152.15, "trend": 1.204396, "fair_value": 1.322676, "relative_strength": -4.928338, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.594879, "energy": 24.993528, "activity_lines": [ 1.23228, 1.20277, 1.188489, 1.195767 ] }, { "date": "2023-12-29", "close": 1.249971, "volume": 1354746, "typical_volume": 899505.0, "trend": 1.206639, "fair_value": 1.318847, "relative_strength": -2.661194, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.882569, "energy": 31.698922, "activity_lines": [ 1.238946, 1.217245, 1.193599, 1.198707 ] }, { "date": "2024-01-05", "close": 1.284586, "volume": 1271485, "typical_volume": 873863.6, "trend": 1.209331, "fair_value": 1.313163, "relative_strength": -0.776564, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.80739, "energy": 32.819515, "activity_lines": [ 1.254074, 1.235182, 1.201923, 1.203736 ] }, { "date": "2024-01-12", "close": 1.298047, "volume": 897201, "typical_volume": 876109.15, "trend": 1.210742, "fair_value": 1.307931, "relative_strength": 1.056599, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.30271, "energy": 42.524076, "activity_lines": [ 1.269458, 1.25158, 1.21141, 1.20946 ] }, { "date": "2024-01-19", "close": 1.249971, "volume": 1084478, "typical_volume": 902685.05, "trend": 1.211254, "fair_value": 1.302695, "relative_strength": -0.154889, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 56.062525, "energy": 48.474149, "activity_lines": [ 1.267407, 1.25567, 1.21608, 1.21199 ] }, { "date": "2024-01-26", "close": 1.273048, "volume": 1231403, "typical_volume": 944152.05, "trend": 1.212985, "fair_value": 1.298124, "relative_strength": 1.184375, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.114466, "energy": 46.402692, "activity_lines": [ 1.271894, 1.26074, 1.22293, 1.215977 ] }, { "date": "2024-02-02", "close": 1.259587, "volume": 757058, "typical_volume": 968137.05, "trend": 1.214524, "fair_value": 1.293315, "relative_strength": -0.983053, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.877912, "energy": 34.525097, "activity_lines": [ 1.268048, 1.262384, 1.228351, 1.218984 ] }, { "date": "2024-02-09", "close": 1.23651, "volume": 442581, "typical_volume": 969878.35, "trend": 1.21369, "fair_value": 1.288876, "relative_strength": -1.024399, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.710926, "energy": 21.524352, "activity_lines": [ 1.255869, 1.258817, 1.231519, 1.220402 ] }, { "date": "2024-02-16", "close": 1.230741, "volume": 483818, "typical_volume": 939507.9, "trend": 1.213883, "fair_value": 1.2844, "relative_strength": -1.175702, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.890237, "energy": 17.676776, "activity_lines": [ 1.244972, 1.253922, 1.234093, 1.221502 ] }, { "date": "2024-02-23", "close": 1.223049, "volume": 626020, "typical_volume": 930263.65, "trend": 1.214524, "fair_value": 1.280264, "relative_strength": -3.934341, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.468142, "energy": 18.161367, "activity_lines": [ 1.235997, 1.248468, 1.235842, 1.222094 ] }, { "date": "2024-03-01", "close": 1.215357, "volume": 898248, "typical_volume": 928022.95, "trend": 1.214908, "fair_value": 1.276299, "relative_strength": -3.650724, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.75578, "energy": 16.939948, "activity_lines": [ 1.226254, 1.24179, 1.236474, 1.222147 ] }, { "date": "2024-03-08", "close": 1.244202, "volume": 894204, "typical_volume": 939717.9, "trend": 1.215293, "fair_value": 1.271817, "relative_strength": -3.447903, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.578176, "energy": 15.929258, "activity_lines": [ 1.229972, 1.240356, 1.239614, 1.224037 ] }, { "date": "2024-03-15", "close": 1.334585, "volume": 3861265, "typical_volume": 1079898.15, "trend": 1.217793, "fair_value": 1.267672, "relative_strength": 0.676412, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.895589, "energy": 32.196955, "activity_lines": [ 1.264843, 1.255461, 1.250649, 1.231734 ] }, { "date": "2024-03-22", "close": 1.326893, "volume": 1484839, "typical_volume": 1103205.35, "trend": 1.220421, "fair_value": 1.263751, "relative_strength": -3.078205, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.999346, "energy": 49.08431, "activity_lines": [ 1.290612, 1.268258, 1.259669, 1.238772 ] }, { "date": "2024-03-29", "close": 1.490351, "volume": 4390833, "typical_volume": 1311853.25, "trend": 1.228562, "fair_value": 1.259928, "relative_strength": 7.315239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.653561, "energy": 79.027369, "activity_lines": [ 1.364456, 1.31025, 1.283185, 1.256187 ] }, { "date": "2024-04-05", "close": 1.646116, "volume": 4040298, "typical_volume": 1431714.3, "trend": 1.242023, "fair_value": 1.257871, "relative_strength": 19.676519, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.219843, "energy": 92.490848, "activity_lines": [ 1.472402, 1.376192, 1.319549, 1.283126 ] }, { "date": "2024-04-12", "close": 1.680731, "volume": 4988905, "typical_volume": 1648225.8, "trend": 1.256446, "fair_value": 1.256182, "relative_strength": 24.088815, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.149486, "energy": 95.404661, "activity_lines": [ 1.56317, 1.441645, 1.357176, 1.31143 ] }, { "date": "2024-04-19", "close": 1.678808, "volume": 3845640, "typical_volume": 1796400.8, "trend": 1.271509, "fair_value": 1.254913, "relative_strength": 22.725212, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.924641, "energy": 92.714453, "activity_lines": [ 1.624194, 1.499092, 1.392349, 1.338679 ] }, { "date": "2024-04-26", "close": 1.713422, "volume": 2623852, "typical_volume": 1834863.45, "trend": 1.28824, "fair_value": 1.253933, "relative_strength": 19.763551, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.217765, "energy": 91.805541, "activity_lines": [ 1.673808, 1.55479, 1.42864, 1.36719 ] }, { "date": "2024-05-03", "close": 1.682654, "volume": 2106450, "typical_volume": 1895215.15, "trend": 1.306252, "fair_value": 1.252786, "relative_strength": 20.145268, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.834499, "energy": 84.988512, "activity_lines": [ 1.687397, 1.596117, 1.459921, 1.392636 ] }, { "date": "2024-05-10", "close": 1.73073, "volume": 1928869, "typical_volume": 1960609.65, "trend": 1.325098, "fair_value": 1.251576, "relative_strength": 20.367469, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.890525, "energy": 73.996392, "activity_lines": [ 1.704192, 1.63783, 1.493638, 1.420021 ] }, { "date": "2024-05-17", "close": 1.884573, "volume": 4803321, "typical_volume": 2133038.4, "trend": 1.351444, "fair_value": 1.251267, "relative_strength": 27.666636, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.487074, "energy": 72.744355, "activity_lines": [ 1.766627, 1.698143, 1.539553, 1.456117 ] }, { "date": "2024-05-24", "close": 1.821112, "volume": 2063436, "typical_volume": 2172635.95, "trend": 1.376635, "fair_value": 1.250588, "relative_strength": 23.569596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.833081, "energy": 66.89244, "activity_lines": [ 1.794318, 1.735275, 1.576402, 1.486418 ] }, { "date": "2024-05-31", "close": 1.865342, "volume": 2124350, "typical_volume": 2233993.4, "trend": 1.402083, "fair_value": 1.250045, "relative_strength": 25.02723, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.901777, "energy": 67.896566, "activity_lines": [ 1.827266, 1.771603, 1.614908, 1.517947 ] }, { "date": "2024-06-07", "close": 1.855727, "volume": 2094788, "typical_volume": 2284508.9, "trend": 1.428173, "fair_value": 1.249454, "relative_strength": 22.879608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.529162, "energy": 65.930546, "activity_lines": [ 1.846881, 1.796393, 1.649798, 1.547215 ] }, { "date": "2024-06-14", "close": 1.824958, "volume": 1901031, "typical_volume": 2317990.3, "trend": 1.448364, "fair_value": 1.248823, "relative_strength": 24.766181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.795644, "energy": 62.235702, "activity_lines": [ 1.844701, 1.808945, 1.678872, 1.572814 ] }, { "date": "2024-06-21", "close": 1.817266, "volume": 1839028, "typical_volume": 2372088.8, "trend": 1.468813, "fair_value": 1.248411, "relative_strength": 23.229194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.124511, "energy": 56.727452, "activity_lines": [ 1.833676, 1.816847, 1.704586, 1.596614 ] }, { "date": "2024-06-28", "close": 1.792267, "volume": 1043356, "typical_volume": 2402127.55, "trend": 1.487851, "fair_value": 1.248156, "relative_strength": 21.878327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.210221, "energy": 51.880868, "activity_lines": [ 1.818805, 1.817721, 1.725263, 1.617482 ] }, { "date": "2024-07-05", "close": 1.801882, "volume": 603295, "typical_volume": 2408101.4, "trend": 1.50535, "fair_value": 1.247993, "relative_strength": 21.086125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.201936, "energy": 44.581467, "activity_lines": [ 1.809061, 1.81828, 1.744209, 1.637742 ] }, { "date": "2024-07-12", "close": 1.803805, "volume": 726771, "typical_volume": 2413138.95, "trend": 1.524388, "fair_value": 1.247925, "relative_strength": 18.319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.080255, "energy": 42.691123, "activity_lines": [ 1.80419, 1.817581, 1.760619, 1.656997 ] }, { "date": "2024-07-19", "close": 1.740345, "volume": 1232644, "typical_volume": 2429858.75, "trend": 1.541888, "fair_value": 1.24734, "relative_strength": 15.361153, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.615573, "energy": 32.758312, "activity_lines": [ 1.781626, 1.803141, 1.76822, 1.67093 ] }, { "date": "2024-07-26", "close": 1.759575, "volume": 884110, "typical_volume": 2429354.05, "trend": 1.558875, "fair_value": 1.246822, "relative_strength": 15.274535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.351723, "energy": 26.850062, "activity_lines": [ 1.771113, 1.792022, 1.775152, 1.684974 ] }, { "date": "2024-08-02", "close": 1.773036, "volume": 663967, "typical_volume": 2269489.15, "trend": 1.575156, "fair_value": 1.246471, "relative_strength": 20.882017, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.074131, "energy": 23.180406, "activity_lines": [ 1.768934, 1.785623, 1.780912, 1.698791 ] }, { "date": "2024-08-09", "close": 1.728807, "volume": 1069358, "typical_volume": 2248715.1, "trend": 1.589515, "fair_value": 1.246015, "relative_strength": 17.723072, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.566877, "energy": 16.335095, "activity_lines": [ 1.753293, 1.772057, 1.780371, 1.708704 ] }, { "date": "2024-08-16", "close": 1.815343, "volume": 722151, "typical_volume": 2065281.0, "trend": 1.608361, "fair_value": 1.245756, "relative_strength": 19.604631, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.024839, "energy": 21.166655, "activity_lines": [ 1.77137, 1.776708, 1.786159, 1.723273 ] }, { "date": "2024-08-23", "close": 1.832651, "volume": 915874, "typical_volume": 1909059.8, "trend": 1.627014, "fair_value": 1.245497, "relative_strength": 16.761634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.834681, "energy": 31.569304, "activity_lines": [ 1.794446, 1.785239, 1.792047, 1.737744 ] }, { "date": "2024-08-30", "close": 1.823035, "volume": 1300297, "typical_volume": 1724629.4, "trend": 1.645796, "fair_value": 1.245534, "relative_strength": 14.444761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.33975, "energy": 33.006469, "activity_lines": [ 1.808164, 1.791882, 1.796131, 1.75039 ] }, { "date": "2024-09-06", "close": 1.761498, "volume": 759985, "typical_volume": 1570346.65, "trend": 1.663295, "fair_value": 1.245423, "relative_strength": 12.460129, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.802799, "energy": 29.032196, "activity_lines": [ 1.797138, 1.787232, 1.793677, 1.757855 ] }, { "date": "2024-09-13", "close": 1.778806, "volume": 442536, "typical_volume": 1461280.85, "trend": 1.681564, "fair_value": 1.245793, "relative_strength": 9.599015, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.061264, "energy": 23.610875, "activity_lines": [ 1.792651, 1.786288, 1.792477, 1.765307 ] }, { "date": "2024-09-20", "close": 1.734576, "volume": 971055, "typical_volume": 1404511.1, "trend": 1.698615, "fair_value": 1.246261, "relative_strength": 4.671858, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.879243, "energy": 5.850467, "activity_lines": [ 1.770088, 1.777722, 1.786754, 1.768727 ] }, { "date": "2024-09-27", "close": 1.674962, "volume": 1245248, "typical_volume": 1370330.05, "trend": 1.713935, "fair_value": 1.248258, "relative_strength": -0.892731, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.82759, "energy": 18.255001, "activity_lines": [ 1.733038, 1.759575, 1.775106, 1.767201 ] }, { "date": "2024-10-04", "close": 1.879031, "volume": 2334416, "typical_volume": 1246884.8, "trend": 1.735096, "fair_value": 1.25173, "relative_strength": 13.546172, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.527311, "energy": 15.746458, "activity_lines": [ 1.774523, 1.779721, 1.783159, 1.777853 ] }, { "date": "2024-10-11", "close": 1.810525, "volume": 1071941, "typical_volume": 1197310.05, "trend": 1.750961, "fair_value": 1.25417, "relative_strength": 8.423721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.374412, "energy": 15.910943, "activity_lines": [ 1.78944, 1.785239, 1.784713, 1.782719 ] }, { "date": "2024-10-18", "close": 1.794866, "volume": 529775, "typical_volume": 1117581.3, "trend": 1.76656, "fair_value": 1.256307, "relative_strength": 5.219988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.498862, "energy": 16.284608, "activity_lines": [ 1.795868, 1.787229, 1.784827, 1.785552 ] }, { "date": "2024-10-25", "close": 1.738104, "volume": 658739, "typical_volume": 1045778.85, "trend": 1.774818, "fair_value": 1.258863, "relative_strength": 2.483158, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.011504, "energy": 11.609758, "activity_lines": [ 1.782306, 1.777697, 1.77987, 1.783716 ] }, { "date": "2024-11-01", "close": 1.700915, "volume": 941022, "typical_volume": 997778.4, "trend": 1.776645, "fair_value": 1.261384, "relative_strength": -0.302536, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.918247, "energy": 23.814718, "activity_lines": [ 1.756111, 1.762808, 1.771932, 1.778948 ] }, { "date": "2024-11-08", "close": 1.638281, "volume": 905267, "typical_volume": 951090.35, "trend": 1.77523, "fair_value": 1.2637, "relative_strength": -1.909199, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.799503, "energy": 61.787486, "activity_lines": [ 1.707309, 1.738926, 1.758619, 1.770021 ] }, { "date": "2024-11-15", "close": 1.644152, "volume": 1387510, "typical_volume": 968298.05, "trend": 1.774075, "fair_value": 1.266042, "relative_strength": -2.483591, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.525059, "energy": 69.707314, "activity_lines": [ 1.676514, 1.719471, 1.746718, 1.761564 ] }, { "date": "2024-11-22", "close": 1.606963, "volume": 1027281, "typical_volume": 989497.35, "trend": 1.770526, "fair_value": 1.268577, "relative_strength": -5.06944, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.055389, "energy": 74.07776, "activity_lines": [ 1.644413, 1.695387, 1.73198, 1.750783 ] }, { "date": "2024-11-29", "close": 1.626536, "volume": 775093, "typical_volume": 991913.45, "trend": 1.768656, "fair_value": 1.27146, "relative_strength": -4.032216, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.473692, "energy": 71.823001, "activity_lines": [ 1.631364, 1.677987, 1.720035, 1.741493 ] }, { "date": "2024-12-06", "close": 1.595219, "volume": 570218, "typical_volume": 958792.15, "trend": 1.764139, "fair_value": 1.274166, "relative_strength": -9.324688, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.853098, "energy": 70.886172, "activity_lines": [ 1.615314, 1.656857, 1.705951, 1.730304 ] }, { "date": "2024-12-13", "close": 1.571731, "volume": 665953, "typical_volume": 947884.3, "trend": 1.753711, "fair_value": 1.276574, "relative_strength": -8.368651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.950298, "energy": 67.668076, "activity_lines": [ 1.598481, 1.632906, 1.690321, 1.71789 ] }, { "date": "2024-12-20", "close": 1.540414, "volume": 1239624, "typical_volume": 976667.15, "trend": 1.744354, "fair_value": 1.27846, "relative_strength": -8.135179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.887852, "energy": 66.072074, "activity_lines": [ 1.575646, 1.608849, 1.672603, 1.704129 ] }, { "date": "2024-12-27", "close": 1.556073, "volume": 476451, "typical_volume": 947021.8, "trend": 1.734045, "fair_value": 1.280669, "relative_strength": -7.854573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.622702, "energy": 64.499962, "activity_lines": [ 1.564946, 1.59255, 1.657484, 1.691982 ] }, { "date": "2025-01-03", "close": 1.597177, "volume": 934169, "typical_volume": 957622.7, "trend": 1.725427, "fair_value": 1.28271, "relative_strength": -6.525929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.140238, "energy": 55.167105, "activity_lines": [ 1.57134, 1.588066, 1.647103, 1.683152 ] }, { "date": "2025-01-10", "close": 1.534542, "volume": 852490, "typical_volume": 954453.5, "trend": 1.715746, "fair_value": 1.284121, "relative_strength": -10.749975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.931571, "energy": 54.842106, "activity_lines": [ 1.558813, 1.574756, 1.631795, 1.670837 ] }, { "date": "2025-01-17", "close": 1.495396, "volume": 1323325, "typical_volume": 955604.9, "trend": 1.705017, "fair_value": 1.286008, "relative_strength": -14.438286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.99037, "energy": 54.950215, "activity_lines": [ 1.537283, 1.557354, 1.614178, 1.656621 ] }, { "date": "2025-01-24", "close": 1.456249, "volume": 547761, "typical_volume": 944993.7, "trend": 1.693817, "fair_value": 1.287596, "relative_strength": -17.067547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.893762, "energy": 66.343434, "activity_lines": [ 1.507792, 1.535432, 1.594394, 1.640571 ] }, { "date": "2025-01-31", "close": 1.493438, "volume": 1059307, "typical_volume": 975832.25, "trend": 1.683535, "fair_value": 1.289582, "relative_strength": -17.557935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.155433, "energy": 64.384514, "activity_lines": [ 1.496309, 1.523688, 1.579604, 1.627643 ] }, { "date": "2025-02-07", "close": 1.467993, "volume": 788656, "typical_volume": 966712.3, "trend": 1.672341, "fair_value": 1.29125, "relative_strength": -20.910166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.588003, "energy": 69.498942, "activity_lines": [ 1.48052, 1.509382, 1.56375, 1.613738 ] }, { "date": "2025-02-14", "close": 1.452335, "volume": 907092, "typical_volume": 949804.5, "trend": 1.662741, "fair_value": 1.293657, "relative_strength": -23.241838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.208026, "energy": 71.367844, "activity_lines": [ 1.468124, 1.495111, 1.547675, 1.599544 ] }, { "date": "2025-02-21", "close": 1.569774, "volume": 1741341, "typical_volume": 920150.75, "trend": 1.656414, "fair_value": 1.296761, "relative_strength": -17.01453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.417017, "energy": 45.331174, "activity_lines": [ 1.500354, 1.504791, 1.543844, 1.593546 ] }, { "date": "2025-02-28", "close": 1.5365, "volume": 1502780, "typical_volume": 941692.7, "trend": 1.64853, "fair_value": 1.299781, "relative_strength": -21.120634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.796699, "energy": 32.910166, "activity_lines": [ 1.516535, 1.508456, 1.538317, 1.585809 ] }, { "date": "2025-03-07", "close": 1.462121, "volume": 1448521, "typical_volume": 987630.0, "trend": 1.63964, "fair_value": 1.300642, "relative_strength": -24.324219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.911706, "energy": 34.471179, "activity_lines": [ 1.502573, 1.49867, 1.527011, 1.573783 ] }, { "date": "2025-03-14", "close": 1.41906, "volume": 1451277, "typical_volume": 1027256.9, "trend": 1.626431, "fair_value": 1.301633, "relative_strength": -24.963861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.895055, "energy": 40.352714, "activity_lines": [ 1.476344, 1.482762, 1.513189, 1.559552 ] }, { "date": "2025-03-21", "close": 1.49931, "volume": 1588266, "typical_volume": 1059619.1, "trend": 1.615319, "fair_value": 1.303386, "relative_strength": -22.677736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.448773, "energy": 36.052594, "activity_lines": [ 1.480128, 1.484684, 1.508528, 1.551351 ] }, { "date": "2025-03-28", "close": 1.481695, "volume": 1286920, "typical_volume": 1078701.75, "trend": 1.603941, "fair_value": 1.304828, "relative_strength": -23.11471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.199075, "energy": 36.741777, "activity_lines": [ 1.474909, 1.484043, 1.50315, 1.54273 ] }, { "date": "2025-04-04", "close": 1.399487, "volume": 1514138, "typical_volume": 1085033.15, "trend": 1.591874, "fair_value": 1.305799, "relative_strength": -21.797206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.120491, "energy": 45.177865, "activity_lines": [ 1.448159, 1.468705, 1.490689, 1.529539 ] }, { "date": "2025-04-11", "close": 1.403402, "volume": 4676584, "typical_volume": 1267498.3, "trend": 1.579361, "fair_value": 1.30738, "relative_strength": -20.252004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.964749, "energy": 41.301101, "activity_lines": [ 1.431848, 1.455111, 1.479765, 1.51738 ] }, { "date": "2025-04-18", "close": 1.442548, "volume": 766782, "typical_volume": 1267082.75, "trend": 1.569627, "fair_value": 1.309484, "relative_strength": -21.566227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.219202, "energy": 38.306602, "activity_lines": [ 1.432501, 1.450271, 1.473539, 1.508553 ] }, { "date": "2025-04-25", "close": 1.469951, "volume": 649265, "typical_volume": 1271035.1, "trend": 1.562793, "fair_value": 1.311448, "relative_strength": -22.235914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.934243, "energy": 34.294236, "activity_lines": [ 1.440721, 1.450876, 1.470799, 1.502122 ] }, { "date": "2025-05-02", "close": 1.50714, "volume": 635714, "typical_volume": 1269523.15, "trend": 1.550397, "fair_value": 1.3138, "relative_strength": -20.345819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.592328, "energy": 19.124234, "activity_lines": [ 1.463296, 1.457922, 1.472197, 1.498532 ] }, { "date": "2025-05-09", "close": 1.518884, "volume": 1619828, "typical_volume": 1288533.35, "trend": 1.540675, "fair_value": 1.315862, "relative_strength": -19.881801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.880014, "energy": 13.664563, "activity_lines": [ 1.488089, 1.468243, 1.475021, 1.496499 ] }, { "date": "2025-05-16", "close": 1.49931, "volume": 2154748, "typical_volume": 1372448.2, "trend": 1.530823, "fair_value": 1.3182, "relative_strength": -23.152834, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.812185, "energy": 15.512737, "activity_lines": [ 1.498397, 1.475324, 1.476084, 1.49383 ] }, { "date": "2025-05-23", "close": 1.501268, "volume": 1187838, "typical_volume": 1385131.65, "trend": 1.522929, "fair_value": 1.320261, "relative_strength": -22.673657, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.91861, "energy": 12.953566, "activity_lines": [ 1.502964, 1.482086, 1.477603, 1.491923 ] }, { "date": "2025-05-30", "close": 1.58739, "volume": 1829659, "typical_volume": 1433990.1, "trend": 1.519145, "fair_value": 1.322763, "relative_strength": -17.912553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.421322, "energy": 25.625616, "activity_lines": [ 1.532324, 1.503012, 1.487781, 1.496082 ] }, { "date": "2025-06-06", "close": 1.634366, "volume": 3307967, "typical_volume": 1533222.2, "trend": 1.519014, "fair_value": 1.325609, "relative_strength": -15.478228, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.436742, "energy": 44.84992, "activity_lines": [ 1.569513, 1.530877, 1.502181, 1.503516 ] }, { "date": "2025-06-13", "close": 1.518884, "volume": 1737151, "typical_volume": 1592691.7, "trend": 1.514839, "fair_value": 1.328159, "relative_strength": -18.894326, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.867696, "energy": 37.744894, "activity_lines": [ 1.559727, 1.534969, 1.504922, 1.503507 ] }, { "date": "2025-06-20", "close": 1.487566, "volume": 1149297, "typical_volume": 1597191.2, "trend": 1.510859, "fair_value": 1.330792, "relative_strength": -19.562212, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.310762, "energy": 24.116699, "activity_lines": [ 1.539501, 1.531197, 1.504381, 1.501748 ] }, { "date": "2025-06-27", "close": 1.509097, "volume": 1311610, "typical_volume": 1623338.9, "trend": 1.506944, "fair_value": 1.333433, "relative_strength": -18.436575, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.646312, "energy": 8.9305, "activity_lines": [ 1.527235, 1.529809, 1.505919, 1.501634 ] }, { "date": "2025-07-04", "close": 1.5365, "volume": 1262234, "typical_volume": 1641096.0, "trend": 1.504987, "fair_value": 1.336286, "relative_strength": -16.329391, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.455491, "energy": 8.122413, "activity_lines": [ 1.523581, 1.532194, 1.509871, 1.503541 ] }, { "date": "2025-07-11", "close": 1.512, "volume": 1283373, "typical_volume": 1618197.6, "trend": 1.502996, "fair_value": 1.339421, "relative_strength": -17.241744, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.569588, "energy": 17.200552, "activity_lines": [ 1.515154, 1.528913, 1.511089, 1.503993 ] }, { "date": "2025-07-18", "close": 1.51, "volume": 963407, "typical_volume": 1591228.95, "trend": 1.501982, "fair_value": 1.342684, "relative_strength": -16.629197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.639433, "energy": 14.389178, "activity_lines": [ 1.514217, 1.525181, 1.512391, 1.504445 ] }, { "date": "2025-07-25", "close": 1.51, "volume": 867277, "typical_volume": 1562166.75, "trend": 1.500446, "fair_value": 1.345768, "relative_strength": -17.451434, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.510791, "energy": 12.9983, "activity_lines": [ 1.513873, 1.521611, 1.51382, 1.504963 ] }, { "date": "2025-08-01", "close": 1.42, "volume": 2124189, "typical_volume": 1595812.35, "trend": 1.49454, "fair_value": 1.348405, "relative_strength": -20.987904, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.011003, "energy": 18.198711, "activity_lines": [ 1.482033, 1.501482, 1.506449, 1.499772 ] }, { "date": "2025-08-08", "close": 1.416, "volume": 1380861, "typical_volume": 1585442.1, "trend": 1.490589, "fair_value": 1.350524, "relative_strength": -24.153131, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.769597, "energy": 35.628148, "activity_lines": [ 1.4548, 1.482104, 1.498693, 1.494705 ] }, { "date": "2025-08-15", "close": 1.388, "volume": 1572232, "typical_volume": 1599707.7, "trend": 1.487009, "fair_value": 1.352727, "relative_strength": -27.018926, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.654342, "energy": 53.515587, "activity_lines": [ 1.426267, 1.460751, 1.488667, 1.488087 ] }, { "date": "2025-08-22", "close": 1.422, "volume": 2342594, "typical_volume": 1641130.5, "trend": 1.485867, "fair_value": 1.355124, "relative_strength": -24.999372, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.220381, "energy": 63.809284, "activity_lines": [ 1.417333, 1.450059, 1.482325, 1.483893 ] }, { "date": "2025-08-29", "close": 1.43, "volume": 7976556, "typical_volume": 1806129.1, "trend": 1.483753, "fair_value": 1.35777, "relative_strength": -21.46273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.834442, "energy": 58.774009, "activity_lines": [ 1.416933, 1.442584, 1.476638, 1.480288 ] }, { "date": "2025-09-05", "close": 1.382, "volume": 1746216, "typical_volume": 1855100.8, "trend": 1.480886, "fair_value": 1.36025, "relative_strength": -22.879153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.434761, "energy": 61.621262, "activity_lines": [ 1.405867, 1.427427, 1.466252, 1.473724 ] }, { "date": "2025-09-12", "close": 1.364, "volume": 1686806, "typical_volume": 1906977.85, "trend": 1.477942, "fair_value": 1.362793, "relative_strength": -25.384029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.298719, "energy": 64.891762, "activity_lines": [ 1.391333, 1.411309, 1.454441, 1.466182 ] }, { "date": "2025-09-19", "close": 1.382, "volume": 1198430, "typical_volume": 1935113.65, "trend": 1.471683, "fair_value": 1.366311, "relative_strength": -23.461191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.657557, "energy": 62.156676, "activity_lines": [ 1.386267, 1.4016, 1.444849, 1.459993 ] }, { "date": "2025-09-26", "close": 1.35, "volume": 1201701, "typical_volume": 1914207.3, "trend": 1.465466, "fair_value": 1.369818, "relative_strength": -25.036652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.160706, "energy": 72.598329, "activity_lines": [ 1.370933, 1.388436, 1.432805, 1.452142 ] }, { "date": "2025-10-03", "close": 1.332, "volume": 2117159, "typical_volume": 1912327.85, "trend": 1.461129, "fair_value": 1.373623, "relative_strength": -26.234706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.448017, "energy": 74.774414, "activity_lines": [ 1.3544, 1.374909, 1.41985, 1.443532 ] }, { "date": "2025-10-10", "close": 1.336, "volume": 1559351, "typical_volume": 1930903.5, "trend": 1.45836, "fair_value": 1.377808, "relative_strength": -24.641511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.267043, "energy": 67.403422, "activity_lines": [ 1.345733, 1.365345, 1.408074, 1.435459 ] }, { "date": "2025-10-17", "close": 1.324, "volume": 2246023, "typical_volume": 1951721.7, "trend": 1.452516, "fair_value": 1.381737, "relative_strength": -25.089296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.433136, "energy": 62.714974, "activity_lines": [ 1.336133, 1.355127, 1.395942, 1.42679 ] }, { "date": "2025-10-24", "close": 1.396, "volume": 3120269, "typical_volume": 1942336.8, "trend": 1.44966, "fair_value": 1.386171, "relative_strength": -21.524631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.920442, "energy": 41.681707, "activity_lines": [ 1.3532, 1.359673, 1.391921, 1.423144 ] }, { "date": "2025-10-31", "close": 1.38, "volume": 1945886, "typical_volume": 1952773.55, "trend": 1.44901, "fair_value": 1.390333, "relative_strength": -22.48708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.009231, "energy": 30.503179, "activity_lines": [ 1.364, 1.361164, 1.387511, 1.41865 ] }, { "date": "2025-11-07", "close": 1.306, "volume": 1214102, "typical_volume": 1956013.8, "trend": 1.445763, "fair_value": 1.393943, "relative_strength": -25.265766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.241049, "energy": 39.285916, "activity_lines": [ 1.348133, 1.349964, 1.376715, 1.409423 ] }, { "date": "2025-11-14", "close": 1.294, "volume": 1154240, "typical_volume": 1948145.3, "trend": 1.440812, "fair_value": 1.397166, "relative_strength": -27.17421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.582199, "energy": 39.985732, "activity_lines": [ 1.33, 1.338836, 1.36564, 1.399632 ] }, { "date": "2025-11-21", "close": 1.316, "volume": 4214429, "typical_volume": 2095755.05, "trend": 1.43568, "fair_value": 1.399934, "relative_strength": -22.735704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.115889, "energy": 39.960282, "activity_lines": [ 1.322, 1.333309, 1.357686, 1.39158 ] }, { "date": "2025-11-28", "close": 1.362, "volume": 1831658, "typical_volume": 2123169.3, "trend": 1.430842, "fair_value": 1.403346, "relative_strength": -21.931562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.887679, "energy": 37.639332, "activity_lines": [ 1.329867, 1.337018, 1.355162, 1.386826 ] }, { "date": "2025-12-05", "close": 1.312, "volume": 1141791, "typical_volume": 2132088.5, "trend": 1.423946, "fair_value": 1.406702, "relative_strength": -25.505986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.827509, "energy": 36.976591, "activity_lines": [ 1.323333, 1.332, 1.34859, 1.379159 ] }, { "date": "2025-12-12", "close": 1.3, "volume": 1560168, "typical_volume": 2166733.05, "trend": 1.417302, "fair_value": 1.410243, "relative_strength": -26.152107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.646586, "energy": 35.042113, "activity_lines": [ 1.317333, 1.325491, 1.341819, 1.371163 ] }, { "date": "2025-12-19", "close": 1.294, "volume": 1615543, "typical_volume": 2141300.75, "trend": 1.410393, "fair_value": 1.413743, "relative_strength": -27.05123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.908434, "energy": 34.468619, "activity_lines": [ 1.309733, 1.318473, 1.335476, 1.363208 ] }, { "date": "2025-12-26", "close": 1.288, "volume": 866880, "typical_volume": 2115601.7, "trend": 1.400414, "fair_value": 1.417379, "relative_strength": -26.583474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.835181, "energy": 38.465744, "activity_lines": [ 1.300133, 1.311127, 1.329162, 1.355311 ] }, { "date": "2026-01-02", "close": 1.392, "volume": 3565417, "typical_volume": 2215260.95, "trend": 1.392335, "fair_value": 1.419985, "relative_strength": -21.252297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.312261, "energy": 16.953778, "activity_lines": [ 1.327067, 1.323345, 1.333362, 1.354768 ] }, { "date": "2026-01-09", "close": 1.342, "volume": 2024747, "typical_volume": 2199368.6, "trend": 1.386439, "fair_value": 1.420889, "relative_strength": -23.960288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.96977, "energy": 15.581869, "activity_lines": [ 1.335333, 1.326545, 1.332781, 1.351521 ] }, { "date": "2026-01-16", "close": 1.354, "volume": 1384205, "typical_volume": 1869751.05, "trend": 1.381987, "fair_value": 1.421574, "relative_strength": -22.820592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.797068, "energy": 14.451765, "activity_lines": [ 1.3456, 1.332618, 1.333724, 1.349428 ] }, { "date": "2026-01-23", "close": 1.348, "volume": 1360816, "typical_volume": 1850481.05, "trend": 1.376617, "fair_value": 1.421648, "relative_strength": -21.754418, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.805557, "energy": 14.112718, "activity_lines": [ 1.350267, 1.336727, 1.334457, 1.347235 ] }, { "date": "2026-01-30", "close": 1.316, "volume": 646643, "typical_volume": 1798472.9, "trend": 1.369267, "fair_value": 1.422071, "relative_strength": -24.350986, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.987395, "energy": 10.653934, "activity_lines": [ 1.340667, 1.334036, 1.332305, 1.343325 ] }, { "date": "2026-02-06", "close": 1.294, "volume": 756082, "typical_volume": 1776355.5, "trend": 1.362, "fair_value": 1.422508, "relative_strength": -25.230301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.500927, "energy": 22.821261, "activity_lines": [ 1.321867, 1.327345, 1.328286, 1.338469 ] }, { "date": "2026-02-13", "close": 1.29, "volume": 1319559, "typical_volume": 1782248.4, "trend": 1.354667, "fair_value": 1.422499, "relative_strength": -23.724151, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.062809, "energy": 37.004581, "activity_lines": [ 1.308267, 1.321164, 1.324305, 1.333824 ] }, { "date": "2026-02-20", "close": 1.294, "volume": 1243110, "typical_volume": 1738545.95, "trend": 1.347467, "fair_value": 1.422763, "relative_strength": -24.89313, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.28801, "energy": 46.851987, "activity_lines": [ 1.299467, 1.316109, 1.32099, 1.32991 ] }, { "date": "2026-02-27", "close": 1.358, "volume": 1583816, "typical_volume": 1739769.2, "trend": 1.3454, "fair_value": 1.423061, "relative_strength": -21.271111, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.113769, "energy": 25.232485, "activity_lines": [ 1.316, 1.3228, 1.323952, 1.330589 ] }, { "date": "2026-03-06", "close": 1.238, "volume": 2842002, "typical_volume": 1769568.15, "trend": 1.339467, "fair_value": 1.422917, "relative_strength": -22.219058, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.947507, "energy": 45.876479, "activity_lines": [ 1.291867, 1.306509, 1.315381, 1.32366 ] }, { "date": "2026-03-13", "close": 1.256, "volume": 1874656, "typical_volume": 1707287.5, "trend": 1.335067, "fair_value": 1.424052, "relative_strength": -20.43579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.379637, "energy": 43.294209, "activity_lines": [ 1.278933, 1.2944, 1.308933, 1.318275 ] }, { "date": "2026-03-20", "close": 1.28, "volume": 1383752, "typical_volume": 1679180.8, "trend": 1.330333, "fair_value": 1.425484, "relative_strength": -16.62129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.820771, "energy": 33.185577, "activity_lines": [ 1.276533, 1.289127, 1.305438, 1.314723 ] }, { "date": "2026-03-27", "close": 1.326, "volume": 1318332, "typical_volume": 1684392.3, "trend": 1.326867, "fair_value": 1.426933, "relative_strength": -13.492773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.139475, "energy": 29.631009, "activity_lines": [ 1.290133, 1.293345, 1.3068, 1.314443 ] }, { "date": "2026-04-03", "close": 1.446, "volume": 3117002, "typical_volume": 1782530.4, "trend": 1.329, "fair_value": 1.429077, "relative_strength": -9.132092, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.52281, "energy": 19.473496, "activity_lines": [ 1.3416, 1.319891, 1.319495, 1.322129 ] }, { "date": "2026-04-10", "close": 1.45, "volume": 2858935, "typical_volume": 1714755.7, "trend": 1.331867, "fair_value": 1.431259, "relative_strength": -11.476836, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.787528, "energy": 43.181526, "activity_lines": [ 1.388533, 1.345382, 1.331848, 1.329935 ] }, { "date": "2026-04-17", "close": 1.424, "volume": 2060307, "typical_volume": 1726188.15, "trend": 1.333267, "fair_value": 1.433274, "relative_strength": -13.74352, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.523415, "energy": 61.874231, "activity_lines": [ 1.412667, 1.363709, 1.341086, 1.33588 ] }, { "date": "2026-04-24", "close": 1.478, "volume": 1232178, "typical_volume": 1730707.5, "trend": 1.337533, "fair_value": 1.436006, "relative_strength": -5.921304, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.1922, "energy": 75.928461, "activity_lines": [ 1.4436, 1.389491, 1.355171, 1.345217 ] }, { "date": "2026-05-01", "close": 1.405447, "volume": 1179876, "typical_volume": 1711692.9, "trend": 1.339982, "fair_value": 1.43826, "relative_strength": -10.349333, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.299665, "energy": 66.217175, "activity_lines": [ 1.437149, 1.398663, 1.361557, 1.349599 ] }, { "date": "2026-05-08", "close": 1.372355, "volume": 1217513, "typical_volume": 1691791.4, "trend": 1.341193, "fair_value": 1.439217, "relative_strength": -12.314601, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.167032, "energy": 36.393908, "activity_lines": [ 1.414371, 1.399792, 1.364289, 1.351687 ] }, { "date": "2026-05-15", "close": 1.327583, "volume": 1182238, "typical_volume": 1707559.3, "trend": 1.341313, "fair_value": 1.440454, "relative_strength": -13.295591, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.621435, "energy": 17.562236, "activity_lines": [ 1.381578, 1.39252, 1.362383, 1.350809 ] }, { "date": "2026-05-22", "close": 1.389874, "volume": 1803029, "typical_volume": 1619439.9, "trend": 1.341109, "fair_value": 1.442066, "relative_strength": -10.479588, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.558844, "energy": 18.013706, "activity_lines": [ 1.377711, 1.394945, 1.366222, 1.353942 ] }, { "date": "2026-05-29", "close": 1.352889, "volume": 1092537, "typical_volume": 1572829.4, "trend": 1.340205, "fair_value": 1.443157, "relative_strength": -13.915454, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.31691, "energy": 17.842277, "activity_lines": [ 1.36379, 1.388211, 1.366548, 1.354702 ] }, { "date": "2026-06-05", "close": 1.343156, "volume": 172791, "typical_volume": 1512258.7, "trend": 1.341443, "fair_value": 1.44405, "relative_strength": -13.645754, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.810291, "energy": 15.309076, "activity_lines": [ 1.354965, 1.378382, 1.365895, 1.354893 ] }, { "date": "2026-06-12", "close": 1.290597, "volume": 241805, "typical_volume": 1456308.15, "trend": 1.34133, "fair_value": 1.444273, "relative_strength": -18.129499, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.559546, "energy": 18.111171, "activity_lines": [ 1.332774, 1.358685, 1.360289, 1.351612 ] }, { "date": "2026-06-19", "close": 1.269185, "volume": 71641, "typical_volume": 1427558.05, "trend": 1.33977, "fair_value": 1.444495, "relative_strength": -21.15944, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.224464, "energy": 31.769317, "activity_lines": [ 1.308896, 1.33792, 1.352917, 1.346958 ] }, { "date": "2026-06-26", "close": 1.239986, "volume": 226040, "typical_volume": 1401055.95, "trend": 1.335702, "fair_value": 1.444616, "relative_strength": -22.490369, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.344949, "energy": 51.731773, "activity_lines": [ 1.279177, 1.315134, 1.342986, 1.34052 ] }, { "date": "2026-07-03", "close": 1.242, "volume": 480539, "typical_volume": 1359104.95, "trend": 1.333369, "fair_value": 1.444799, "relative_strength": -23.184483, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.384493, "energy": 64.424732, "activity_lines": [ 1.260123, 1.29606, 1.333505, 1.334475 ] }, { "date": "2026-07-10", "close": 1.224, "volume": 865305, "typical_volume": 1340214.7, "trend": 1.330836, "fair_value": 1.444559, "relative_strength": -21.642622, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.185523, "energy": 77.752066, "activity_lines": [ 1.242462, 1.278004, 1.322538, 1.327419 ] }, { "date": "2026-07-17", "close": 1.2, "volume": 964727, "typical_volume": 1309260.25, "trend": 1.327702, "fair_value": 1.444399, "relative_strength": -21.657638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.458041, "energy": 80.945179, "activity_lines": [ 1.224744, 1.258884, 1.309619, 1.318978 ] }, { "date": "2026-07-24", "close": 1.208, "volume": 458760, "typical_volume": 1190098.15, "trend": 1.325036, "fair_value": 1.444426, "relative_strength": -21.781668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.771084, "energy": 77.531139, "activity_lines": [ 1.215732, 1.244352, 1.298213, 1.311255 ] }, { "date": "2026-07-31", "close": 1.2, "volume": 537117, "typical_volume": 1123221.2, "trend": 1.318636, "fair_value": 1.444401, "relative_strength": -22.320254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.532881, "energy": 77.726429, "activity_lines": [ 1.208133, 1.230539, 1.286189, 1.303188 ] }, { "date": "2026-08-07", "close": 1.194, "volume": 606178, "typical_volume": 1084342.5, "trend": 1.313702, "fair_value": 1.444153, "relative_strength": -23.530276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.215315, "energy": 75.466108, "activity_lines": [ 1.2012, 1.219088, 1.27386, 1.295147 ] } ], "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." } } }