{ "ticker": { "uuid": "610d779e-dc76-4d46-a7fd-1e6bc2d48b52", "symbol": "DMVF3", "name": "d1000 Varejo Farma Participa\u00e7\u00f5es S.A.", "exchange": "SAO", "country": "BR", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^BVSP", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 66.019, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -50.299, "architecture_energy": 29.167, "architecture_maturity": 18.82, "architecture_confidence": 66.949, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 40.72, "rotation_up": 16.81, "upward_expansion": 6.09, "deceleration": 46.52, "rotation_down": 55.95, "downward_expansion": 72.42 }, "activity_lines": [ 6.581333, 6.692, 6.702905, 6.712366 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 6.46, "trend_reference": 6.754333, "distance_from_trend": -0.043577, "trend_direction": "Improving", "fair_value": 6.070321, "distance_from_fair_value": 0.064194, "fair_value_direction": "Weakening", "relative_strength": 2.703218, "relative_strength_direction": "Improving", "price_momentum": -0.051395, "excess_performance": 0.005653, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.043577, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.044485, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.064194, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.078657, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.027032, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.009113, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.051395, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.481821, "read": "Demand-led" } ], "volume": { "latest": 183700, "relative_activity": 0.50597, "balance": 1.481821, "dry_up": 0.490064, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.077876, "annualized_volatility": 0.467355, "from_high_reference": -0.138667, "from_low_reference": 0.509346 }, "levels": { "trend_reference": 6.754333, "fair_value_reference": 6.070321, "structural_low": 5.66, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.010294, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": 0.021275, "regime_survival": 0.538462, "best_return": 0.196833, "worst_return": -0.183077, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.07766, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.041528, "regime_survival": 0.25, "best_return": 0.368778, "worst_return": -0.14717, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.009435, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.047961, "regime_survival": 0.166667, "best_return": 0.599548, "worst_return": -0.217697, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.145455, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.061549, "regime_survival": 0.0, "best_return": 0.493213, "worst_return": -0.047146, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-01", "end": "2024-03-15", "tenure": "New", "return": 0.053422, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-22", "end": "2024-06-07", "tenure": "Developing", "return": -0.019886, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-07-19", "tenure": "Developing", "return": 0.125714, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-08-23", "tenure": "Developing", "return": -0.003947, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-09-13", "tenure": "New", "return": -0.098315, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-20", "end": "2024-10-04", "tenure": "New", "return": -0.061194, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-11", "end": "2025-02-14", "tenure": "Established", "return": -0.063927, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-05-30", "tenure": "Established", "return": -0.107438, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-06", "end": "2025-10-24", "tenure": "Established", "return": -0.127971, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": -0.062615, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.003289, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-03-13", "tenure": "Established", "return": 0.040201, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-06-26", "tenure": "Established", "return": 0.076923, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.05, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.77, "volume": 176600, "typical_volume": 257075.0, "trend": 4.1, "fair_value": 6.461731, "relative_strength": 8.750228, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.922014, "energy": 30.97881, "activity_lines": [ 4.785333, 4.838545, 4.63519, 4.373333 ] }, { "date": "2023-08-25", "close": 4.69, "volume": 217700, "typical_volume": 261680.0, "trend": 4.126333, "fair_value": 6.414103, "relative_strength": 6.758896, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.817966, "energy": 29.854767, "activity_lines": [ 4.750667, 4.811636, 4.669857, 4.411398 ] }, { "date": "2023-09-01", "close": 5.0, "volume": 1080600, "typical_volume": 309195.0, "trend": 4.158333, "fair_value": 6.37, "relative_strength": 12.029436, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.21867, "energy": 36.470723, "activity_lines": [ 4.835333, 4.842364, 4.727381, 4.467763 ] }, { "date": "2023-09-08", "close": 4.95, "volume": 347500, "typical_volume": 321655.0, "trend": 4.195333, "fair_value": 6.329295, "relative_strength": 13.477532, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.757031, "energy": 38.868362, "activity_lines": [ 4.879333, 4.858182, 4.772476, 4.518839 ] }, { "date": "2023-09-15", "close": 5.01, "volume": 151700, "typical_volume": 318945.0, "trend": 4.238, "fair_value": 6.297308, "relative_strength": 11.417552, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.461028, "energy": 42.307285, "activity_lines": [ 4.933333, 4.880364, 4.815857, 4.571398 ] }, { "date": "2023-09-22", "close": 5.09, "volume": 143700, "typical_volume": 316155.0, "trend": 4.288667, "fair_value": 6.247372, "relative_strength": 15.646832, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.879977, "energy": 46.593297, "activity_lines": [ 5.002, 4.918364, 4.858905, 4.626366 ] }, { "date": "2023-09-29", "close": 4.82, "volume": 150500, "typical_volume": 308195.0, "trend": 4.331667, "fair_value": 6.204936, "relative_strength": 8.994953, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.546723, "energy": 37.771286, "activity_lines": [ 4.959333, 4.909091, 4.868333, 4.660645 ] }, { "date": "2023-10-06", "close": 4.9, "volume": 148500, "typical_volume": 299300.0, "trend": 4.375, "fair_value": 6.165192, "relative_strength": 12.983389, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.653479, "energy": 33.944857, "activity_lines": [ 4.934667, 4.916364, 4.880714, 4.697312 ] }, { "date": "2023-10-13", "close": 4.9, "volume": 34700, "typical_volume": 285350.0, "trend": 4.421333, "fair_value": 6.126603, "relative_strength": 11.46543, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.019937, "energy": 25.699766, "activity_lines": [ 4.916667, 4.918909, 4.888524, 4.731183 ] }, { "date": "2023-10-20", "close": 4.76, "volume": 150000, "typical_volume": 278165.0, "trend": 4.469333, "fair_value": 6.085577, "relative_strength": 10.657969, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.022323, "energy": 16.592309, "activity_lines": [ 4.855333, 4.894182, 4.879952, 4.753032 ] }, { "date": "2023-10-27", "close": 4.42, "volume": 116800, "typical_volume": 275960.0, "trend": 4.502, "fair_value": 6.049872, "relative_strength": 2.699302, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -8.464746, "energy": 15.391444, "activity_lines": [ 4.697333, 4.808909, 4.838143, 4.749849 ] }, { "date": "2023-11-03", "close": 4.3, "volume": 146700, "typical_volume": 268880.0, "trend": 4.535667, "fair_value": 6.008333, "relative_strength": -3.962853, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -16.949209, "energy": 31.941231, "activity_lines": [ 4.544, 4.708182, 4.786143, 4.736817 ] }, { "date": "2023-11-10", "close": 4.8, "volume": 238600, "typical_volume": 273425.0, "trend": 4.582667, "fair_value": 5.973205, "relative_strength": 4.972403, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.492583, "energy": 19.971528, "activity_lines": [ 4.592, 4.705455, 4.783952, 4.753871 ] }, { "date": "2023-11-17", "close": 4.94, "volume": 196000, "typical_volume": 268020.0, "trend": 4.634333, "fair_value": 5.936667, "relative_strength": 4.186059, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.238785, "energy": 18.137728, "activity_lines": [ 4.693333, 4.731818, 4.794524, 4.776925 ] }, { "date": "2023-11-24", "close": 5.29, "volume": 362900, "typical_volume": 258870.0, "trend": 4.699333, "fair_value": 5.898269, "relative_strength": 10.933527, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.935593, "energy": 27.120644, "activity_lines": [ 4.908667, 4.822, 4.837286, 4.819226 ] }, { "date": "2023-12-01", "close": 5.37, "volume": 256100, "typical_volume": 252475.0, "trend": 4.764, "fair_value": 5.859615, "relative_strength": 10.119881, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.206993, "energy": 49.938567, "activity_lines": [ 5.115333, 4.921636, 4.886667, 4.862495 ] }, { "date": "2023-12-08", "close": 5.82, "volume": 479300, "typical_volume": 261085.0, "trend": 4.83, "fair_value": 5.823846, "relative_strength": 19.732846, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.971448, "energy": 82.011733, "activity_lines": [ 5.408667, 5.098, 4.978048, 4.930624 ] }, { "date": "2023-12-15", "close": 5.63, "volume": 256000, "typical_volume": 252050.0, "trend": 4.886333, "fair_value": 5.77859, "relative_strength": 12.597573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.063753, "energy": 81.534235, "activity_lines": [ 5.537333, 5.221636, 5.047095, 4.982237 ] }, { "date": "2023-12-22", "close": 5.7, "volume": 356000, "typical_volume": 258775.0, "trend": 4.934333, "fair_value": 5.735641, "relative_strength": 11.507387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.346114, "energy": 81.113081, "activity_lines": [ 5.634, 5.344727, 5.118095, 5.034731 ] }, { "date": "2023-12-29", "close": 5.93, "volume": 113500, "typical_volume": 256170.0, "trend": 4.979333, "fair_value": 5.691731, "relative_strength": 14.367755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.670943, "energy": 85.203083, "activity_lines": [ 5.756667, 5.495091, 5.206714, 5.098968 ] }, { "date": "2024-01-05", "close": 6.11, "volume": 276700, "typical_volume": 261175.0, "trend": 5.027, "fair_value": 5.651731, "relative_strength": 19.230942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.544945, "energy": 80.448462, "activity_lines": [ 5.896667, 5.656909, 5.307238, 5.171914 ] }, { "date": "2024-01-12", "close": 6.04, "volume": 227800, "typical_volume": 261680.0, "trend": 5.069667, "fair_value": 5.612885, "relative_strength": 18.1763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.623527, "energy": 71.460087, "activity_lines": [ 5.964, 5.775273, 5.394714, 5.237269 ] }, { "date": "2024-01-19", "close": 5.99, "volume": 325700, "typical_volume": 223935.0, "trend": 5.113333, "fair_value": 5.576218, "relative_strength": 19.609063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.371216, "energy": 62.779977, "activity_lines": [ 6.0, 5.852909, 5.471, 5.296645 ] }, { "date": "2024-01-26", "close": 6.05, "volume": 233500, "typical_volume": 218235.0, "trend": 5.158333, "fair_value": 5.541282, "relative_strength": 18.847083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.02243, "energy": 57.206439, "activity_lines": [ 6.032, 5.919818, 5.548286, 5.357075 ] }, { "date": "2024-02-02", "close": 6.07, "volume": 363700, "typical_volume": 228835.0, "trend": 5.191333, "fair_value": 5.503846, "relative_strength": 20.298776, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.481802, "energy": 55.080321, "activity_lines": [ 6.047333, 5.970182, 5.622238, 5.415892 ] }, { "date": "2024-02-09", "close": 6.06, "volume": 735100, "typical_volume": 258405.0, "trend": 5.220333, "fair_value": 5.471154, "relative_strength": 18.628708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.292412, "energy": 53.934873, "activity_lines": [ 6.05, 6.004545, 5.69019, 5.471935 ] }, { "date": "2024-02-16", "close": 5.75, "volume": 143700, "typical_volume": 258065.0, "trend": 5.247667, "fair_value": 5.440385, "relative_strength": 11.382172, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.855026, "energy": 40.749574, "activity_lines": [ 5.952667, 5.97, 5.724, 5.506108 ] }, { "date": "2024-02-23", "close": 5.83, "volume": 278100, "typical_volume": 264545.0, "trend": 5.287333, "fair_value": 5.412692, "relative_strength": 11.720259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.147707, "energy": 33.118412, "activity_lines": [ 5.901333, 5.951273, 5.761, 5.543677 ] }, { "date": "2024-03-01", "close": 5.99, "volume": 273100, "typical_volume": 276465.0, "trend": 5.327, "fair_value": 5.386987, "relative_strength": 14.323511, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.79289, "energy": 30.500129, "activity_lines": [ 5.914, 5.958, 5.80881, 5.589011 ] }, { "date": "2024-03-08", "close": 6.07, "volume": 810700, "typical_volume": 309500.0, "trend": 5.368333, "fair_value": 5.361474, "relative_strength": 17.050254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.608894, "energy": 32.17256, "activity_lines": [ 5.957333, 5.974, 5.859048, 5.636946 ] }, { "date": "2024-03-15", "close": 6.31, "volume": 659400, "typical_volume": 336630.0, "trend": 5.419667, "fair_value": 5.341026, "relative_strength": 21.117007, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.422009, "energy": 46.20897, "activity_lines": [ 6.080667, 6.031091, 5.925905, 5.697699 ] }, { "date": "2024-03-22", "close": 7.04, "volume": 516200, "typical_volume": 355105.0, "trend": 5.498, "fair_value": 5.328654, "relative_strength": 33.462875, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.040613, "energy": 80.774865, "activity_lines": [ 6.430667, 6.217273, 6.053286, 5.802237 ] }, { "date": "2024-03-29", "close": 6.75, "volume": 335200, "typical_volume": 359935.0, "trend": 5.556333, "fair_value": 5.31391, "relative_strength": 25.784819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.015326, "energy": 82.885273, "activity_lines": [ 6.598, 6.332545, 6.14, 5.883011 ] }, { "date": "2024-04-05", "close": 6.7, "volume": 526900, "typical_volume": 376480.0, "trend": 5.614667, "fair_value": 5.297051, "relative_strength": 24.984421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.745048, "energy": 83.52208, "activity_lines": [ 6.687333, 6.424909, 6.212667, 5.956796 ] }, { "date": "2024-04-12", "close": 6.98, "volume": 526900, "typical_volume": 384680.0, "trend": 5.680333, "fair_value": 5.2825, "relative_strength": 29.697626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.117975, "energy": 88.178824, "activity_lines": [ 6.822667, 6.556364, 6.303619, 6.044882 ] }, { "date": "2024-04-19", "close": 8.17, "volume": 880500, "typical_volume": 415900.0, "trend": 5.783, "fair_value": 5.275897, "relative_strength": 50.582944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.839698, "energy": 94.413034, "activity_lines": [ 7.294, 6.887636, 6.499857, 6.205505 ] }, { "date": "2024-04-26", "close": 7.07, "volume": 867600, "typical_volume": 435315.0, "trend": 5.858, "fair_value": 5.259103, "relative_strength": 27.513381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.581977, "energy": 59.435829, "activity_lines": [ 7.274667, 6.980545, 6.578, 6.288538 ] }, { "date": "2024-05-03", "close": 7.58, "volume": 1527100, "typical_volume": 498870.0, "trend": 5.947333, "fair_value": 5.244295, "relative_strength": 33.062612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.47936, "energy": 60.40111, "activity_lines": [ 7.423333, 7.142182, 6.698762, 6.399634 ] }, { "date": "2024-05-10", "close": 7.51, "volume": 1439400, "typical_volume": 553040.0, "trend": 6.034333, "fair_value": 5.234551, "relative_strength": 31.4357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.068348, "energy": 55.44744, "activity_lines": [ 7.493333, 7.259273, 6.803571, 6.500452 ] }, { "date": "2024-05-17", "close": 8.12, "volume": 1182400, "typical_volume": 606485.0, "trend": 6.146333, "fair_value": 5.229487, "relative_strength": 39.831969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.454044, "energy": 55.603602, "activity_lines": [ 7.712667, 7.459636, 6.957857, 6.635011 ] }, { "date": "2024-05-24", "close": 7.74, "volume": 489000, "typical_volume": 617100.0, "trend": 6.257, "fair_value": 5.219038, "relative_strength": 36.033758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.553365, "energy": 49.296319, "activity_lines": [ 7.729333, 7.553636, 7.065524, 6.737828 ] }, { "date": "2024-05-31", "close": 6.98, "volume": 425400, "typical_volume": 626980.0, "trend": 6.346333, "fair_value": 5.202051, "relative_strength": 24.036235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.275395, "energy": 38.051451, "activity_lines": [ 7.521333, 7.483455, 7.093048, 6.784473 ] }, { "date": "2024-06-07", "close": 6.9, "volume": 546400, "typical_volume": 638015.0, "trend": 6.416333, "fair_value": 5.182308, "relative_strength": 23.085641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.305734, "energy": 26.131733, "activity_lines": [ 7.292667, 7.399818, 7.108476, 6.820194 ] }, { "date": "2024-06-14", "close": 7.0, "volume": 282700, "typical_volume": 640475.0, "trend": 6.485, "fair_value": 5.165128, "relative_strength": 25.068334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.912673, "energy": 20.408396, "activity_lines": [ 7.142667, 7.331636, 7.129095, 6.857849 ] }, { "date": "2024-06-21", "close": 7.0, "volume": 321700, "typical_volume": 638375.0, "trend": 6.542, "fair_value": 5.147179, "relative_strength": 22.414022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.036984, "energy": 21.645212, "activity_lines": [ 7.026667, 7.258, 7.14519, 6.891075 ] }, { "date": "2024-06-28", "close": 7.28, "volume": 379100, "typical_volume": 620575.0, "trend": 6.605667, "fair_value": 5.133269, "relative_strength": 23.717265, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.184318, "energy": 18.4401, "activity_lines": [ 7.078667, 7.234909, 7.183524, 6.938688 ] }, { "date": "2024-07-05", "close": 7.63, "volume": 446300, "typical_volume": 635705.0, "trend": 6.666, "fair_value": 5.121987, "relative_strength": 26.336096, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.821576, "energy": 20.364575, "activity_lines": [ 7.278, 7.291636, 7.249381, 7.004774 ] }, { "date": "2024-07-12", "close": 7.7, "volume": 248400, "typical_volume": 634220.0, "trend": 6.735, "fair_value": 5.111859, "relative_strength": 24.11297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.799089, "energy": 29.985607, "activity_lines": [ 7.457333, 7.350909, 7.312952, 7.071484 ] }, { "date": "2024-07-19", "close": 7.88, "volume": 279400, "typical_volume": 634535.0, "trend": 6.807667, "fair_value": 5.104808, "relative_strength": 27.235004, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.156025, "energy": 47.790811, "activity_lines": [ 7.643333, 7.440727, 7.384762, 7.145355 ] }, { "date": "2024-07-26", "close": 7.6, "volume": 371800, "typical_volume": 612590.0, "trend": 6.863333, "fair_value": 5.097436, "relative_strength": 21.819352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.330218, "energy": 51.094861, "activity_lines": [ 7.677333, 7.472909, 7.420905, 7.196473 ] }, { "date": "2024-08-02", "close": 7.21, "volume": 528400, "typical_volume": 606040.0, "trend": 6.9, "fair_value": 5.091026, "relative_strength": 16.289647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.407108, "energy": 35.100607, "activity_lines": [ 7.541333, 7.443636, 7.412619, 7.218839 ] }, { "date": "2024-08-09", "close": 7.44, "volume": 731300, "typical_volume": 616795.0, "trend": 6.946667, "fair_value": 5.087564, "relative_strength": 14.905259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.819286, "energy": 23.838362, "activity_lines": [ 7.486667, 7.465818, 7.421952, 7.253677 ] }, { "date": "2024-08-16", "close": 7.43, "volume": 262300, "typical_volume": 613150.0, "trend": 6.994667, "fair_value": 5.088013, "relative_strength": 11.281076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.574979, "energy": 14.192504, "activity_lines": [ 7.441333, 7.477818, 7.428429, 7.28486 ] }, { "date": "2024-08-23", "close": 7.57, "volume": 477900, "typical_volume": 610700.0, "trend": 7.045333, "fair_value": 5.089808, "relative_strength": 11.335489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.301191, "energy": 15.509188, "activity_lines": [ 7.460667, 7.505636, 7.445, 7.321978 ] }, { "date": "2024-08-30", "close": 7.12, "volume": 371500, "typical_volume": 602930.0, "trend": 7.080333, "fair_value": 5.091859, "relative_strength": 4.01567, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.418838, "energy": 8.981368, "activity_lines": [ 7.350667, 7.441273, 7.414571, 7.326796 ] }, { "date": "2024-09-06", "close": 6.96, "volume": 310400, "typical_volume": 574425.0, "trend": 7.110333, "fair_value": 5.091923, "relative_strength": 2.416126, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.844457, "energy": 8.211393, "activity_lines": [ 7.219333, 7.345636, 7.368238, 7.319032 ] }, { "date": "2024-09-13", "close": 6.42, "volume": 461100, "typical_volume": 554100.0, "trend": 7.132667, "fair_value": 5.089038, "relative_strength": -5.940872, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.311826, "energy": 41.435283, "activity_lines": [ 6.924667, 7.157636, 7.276238, 7.274495 ] }, { "date": "2024-09-20", "close": 6.7, "volume": 298200, "typical_volume": 492655.0, "trend": 7.161667, "fair_value": 5.089808, "relative_strength": 0.742816, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.353583, "energy": 50.342966, "activity_lines": [ 6.791333, 7.042545, 7.214, 7.246581 ] }, { "date": "2024-09-27", "close": 6.26, "volume": 262300, "typical_volume": 433800.0, "trend": 7.170667, "fair_value": 5.088205, "relative_strength": -7.2582, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.196519, "energy": 63.891942, "activity_lines": [ 6.56, 6.865636, 7.114048, 7.188409 ] }, { "date": "2024-10-04", "close": 6.29, "volume": 379100, "typical_volume": 393635.0, "trend": 7.178, "fair_value": 5.088013, "relative_strength": -6.320851, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.809205, "energy": 75.037805, "activity_lines": [ 6.426, 6.723636, 7.022905, 7.131591 ] }, { "date": "2024-10-11", "close": 6.57, "volume": 1311600, "typical_volume": 434765.0, "trend": 7.186667, "fair_value": 5.089167, "relative_strength": -1.102294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.671212, "energy": 63.984861, "activity_lines": [ 6.440667, 6.656364, 6.967143, 7.092366 ] }, { "date": "2024-10-18", "close": 6.42, "volume": 508900, "typical_volume": 438940.0, "trend": 7.166, "fair_value": 5.091859, "relative_strength": -3.993259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.946377, "energy": 53.516186, "activity_lines": [ 6.431333, 6.573455, 6.902667, 7.042903 ] }, { "date": "2024-10-25", "close": 6.6, "volume": 273700, "typical_volume": 425305.0, "trend": 7.161, "fair_value": 5.100705, "relative_strength": -1.278198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.314239, "energy": 37.60032, "activity_lines": [ 6.482, 6.541818, 6.858, 7.006387 ] }, { "date": "2024-11-01", "close": 7.62, "volume": 594900, "typical_volume": 440915.0, "trend": 7.191667, "fair_value": 5.115, "relative_strength": 14.567076, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.138123, "energy": 12.348701, "activity_lines": [ 6.879333, 6.710727, 6.911905, 7.036 ] }, { "date": "2024-11-08", "close": 7.0, "volume": 490500, "typical_volume": 449355.0, "trend": 7.192333, "fair_value": 5.125192, "relative_strength": 4.903145, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.000952, "energy": 19.439573, "activity_lines": [ 6.979333, 6.766, 6.90381, 7.023634 ] }, { "date": "2024-11-15", "close": 6.64, "volume": 336000, "typical_volume": 447200.0, "trend": 7.141333, "fair_value": 5.135385, "relative_strength": -0.917066, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.122884, "energy": 20.988794, "activity_lines": [ 6.912, 6.758, 6.861429, 6.988 ] }, { "date": "2024-11-22", "close": 6.45, "volume": 429600, "typical_volume": 446365.0, "trend": 7.120667, "fair_value": 5.146218, "relative_strength": -5.018774, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.810569, "energy": 21.399584, "activity_lines": [ 6.776667, 6.721273, 6.804, 6.943398 ] }, { "date": "2024-11-29", "close": 6.19, "volume": 643300, "typical_volume": 466110.0, "trend": 7.074333, "fair_value": 5.155705, "relative_strength": -6.589859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.89497, "energy": 33.1301, "activity_lines": [ 6.552667, 6.636727, 6.727429, 6.883355 ] }, { "date": "2024-12-06", "close": 6.17, "volume": 290300, "typical_volume": 466655.0, "trend": 7.029667, "fair_value": 5.161859, "relative_strength": -7.205356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.458805, "energy": 51.061147, "activity_lines": [ 6.349333, 6.557818, 6.656143, 6.825011 ] }, { "date": "2024-12-13", "close": 5.7, "volume": 496300, "typical_volume": 472880.0, "trend": 6.949, "fair_value": 5.167372, "relative_strength": -13.435101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.517404, "energy": 67.536854, "activity_lines": [ 6.086, 6.395091, 6.548238, 6.739226 ] }, { "date": "2024-12-20", "close": 5.5, "volume": 299800, "typical_volume": 461450.0, "trend": 6.874333, "fair_value": 5.172756, "relative_strength": -14.820755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.706961, "energy": 73.651509, "activity_lines": [ 5.842667, 6.206727, 6.430333, 6.645742 ] }, { "date": "2024-12-27", "close": 5.9, "volume": 264000, "typical_volume": 438085.0, "trend": 6.838333, "fair_value": 5.18359, "relative_strength": -7.397081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.549441, "energy": 66.814057, "activity_lines": [ 5.808667, 6.110545, 6.358667, 6.582882 ] }, { "date": "2025-01-03", "close": 5.46, "volume": 216800, "typical_volume": 435810.0, "trend": 6.790333, "fair_value": 5.193205, "relative_strength": -13.041128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.912312, "energy": 67.498456, "activity_lines": [ 5.664667, 5.943818, 6.252429, 6.493957 ] }, { "date": "2025-01-10", "close": 5.52, "volume": 364200, "typical_volume": 430125.0, "trend": 6.741, "fair_value": 5.202692, "relative_strength": -12.335006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.710304, "energy": 55.974658, "activity_lines": [ 5.589333, 5.808727, 6.161286, 6.412 ] }, { "date": "2025-01-17", "close": 6.03, "volume": 230000, "typical_volume": 423050.0, "trend": 6.708667, "fair_value": 5.215192, "relative_strength": -7.049752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.312253, "energy": 38.35653, "activity_lines": [ 5.727333, 5.804545, 6.128476, 6.366129 ] }, { "date": "2025-01-24", "close": 5.68, "volume": 245100, "typical_volume": 419785.0, "trend": 6.655333, "fair_value": 5.225256, "relative_strength": -12.49761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.931629, "energy": 36.916417, "activity_lines": [ 5.726667, 5.754364, 6.067524, 6.299763 ] }, { "date": "2025-01-31", "close": 5.83, "volume": 261200, "typical_volume": 409790.0, "trend": 6.595333, "fair_value": 5.236795, "relative_strength": -12.765136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.004951, "energy": 28.207453, "activity_lines": [ 5.764, 5.748909, 6.026952, 6.246516 ] }, { "date": "2025-02-07", "close": 6.02, "volume": 603900, "typical_volume": 425075.0, "trend": 6.539333, "fair_value": 5.250192, "relative_strength": -8.858534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.464107, "energy": 20.136669, "activity_lines": [ 5.869333, 5.789273, 6.007286, 6.209398 ] }, { "date": "2025-02-14", "close": 6.15, "volume": 265800, "typical_volume": 425250.0, "trend": 6.481667, "fair_value": 5.264295, "relative_strength": -9.6127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.416459, "energy": 16.564361, "activity_lines": [ 5.980667, 5.856364, 6.003238, 6.18428 ] }, { "date": "2025-02-21", "close": 6.05, "volume": 266600, "typical_volume": 419625.0, "trend": 6.43, "fair_value": 5.278077, "relative_strength": -10.40188, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.263117, "energy": 16.852078, "activity_lines": [ 6.016667, 5.905636, 5.99019, 6.15643 ] }, { "date": "2025-02-28", "close": 5.57, "volume": 516500, "typical_volume": 379870.0, "trend": 6.375333, "fair_value": 5.289038, "relative_strength": -14.571249, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.039563, "energy": 19.303277, "activity_lines": [ 5.891333, 5.861273, 5.932571, 6.100946 ] }, { "date": "2025-03-07", "close": 5.69, "volume": 297000, "typical_volume": 369275.0, "trend": 6.317, "fair_value": 5.301026, "relative_strength": -14.221152, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.662128, "energy": 24.466351, "activity_lines": [ 5.813333, 5.837455, 5.891143, 6.056731 ] }, { "date": "2025-03-14", "close": 6.0, "volume": 476400, "typical_volume": 379410.0, "trend": 6.269333, "fair_value": 5.313141, "relative_strength": -12.195002, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.025926, "energy": 23.153813, "activity_lines": [ 5.848, 5.873818, 5.882714, 6.03628 ] }, { "date": "2025-03-21", "close": 5.77, "volume": 347800, "typical_volume": 367055.0, "trend": 6.209333, "fair_value": 5.318077, "relative_strength": -17.367922, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.140306, "energy": 23.96968, "activity_lines": [ 5.807333, 5.858545, 5.855238, 6.004065 ] }, { "date": "2025-03-28", "close": 5.53, "volume": 466900, "typical_volume": 365875.0, "trend": 6.156333, "fair_value": 5.324103, "relative_strength": -20.225951, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.606157, "energy": 32.582517, "activity_lines": [ 5.712, 5.795091, 5.813714, 5.960237 ] }, { "date": "2025-04-04", "close": 5.32, "volume": 344300, "typical_volume": 366290.0, "trend": 6.101667, "fair_value": 5.326538, "relative_strength": -20.130944, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.830255, "energy": 46.117562, "activity_lines": [ 5.581333, 5.702545, 5.75919, 5.90628 ] }, { "date": "2025-04-11", "close": 5.69, "volume": 724200, "typical_volume": 381020.0, "trend": 6.077333, "fair_value": 5.329744, "relative_strength": -14.520189, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.968613, "energy": 42.565201, "activity_lines": [ 5.590667, 5.683818, 5.74619, 5.87972 ] }, { "date": "2025-04-18", "close": 6.5, "volume": 484500, "typical_volume": 373080.0, "trend": 6.070667, "fair_value": 5.337949, "relative_strength": -3.29314, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.72132, "energy": 3.455868, "activity_lines": [ 5.87, 5.814909, 5.813952, 5.906989 ] }, { "date": "2025-04-25", "close": 6.31, "volume": 258600, "typical_volume": 371495.0, "trend": 6.072333, "fair_value": 5.349551, "relative_strength": -9.361576, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.254982, "energy": 10.326334, "activity_lines": [ 6.052667, 5.902727, 5.862143, 5.92243 ] }, { "date": "2025-05-02", "close": 6.06, "volume": 175700, "typical_volume": 355465.0, "trend": 6.064667, "fair_value": 5.362436, "relative_strength": -12.74789, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.841891, "energy": 19.164866, "activity_lines": [ 6.116, 5.942182, 5.885857, 5.921634 ] }, { "date": "2025-05-09", "close": 5.47, "volume": 790600, "typical_volume": 380005.0, "trend": 6.028, "fair_value": 5.371667, "relative_strength": -21.485851, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.963121, "energy": 20.360563, "activity_lines": [ 5.947333, 5.874182, 5.851667, 5.883269 ] }, { "date": "2025-05-16", "close": 5.31, "volume": 342900, "typical_volume": 383950.0, "trend": 5.991, "fair_value": 5.381026, "relative_strength": -24.530232, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.382866, "energy": 27.665304, "activity_lines": [ 5.715333, 5.778909, 5.802381, 5.836946 ] }, { "date": "2025-05-23", "close": 5.3, "volume": 378600, "typical_volume": 392040.0, "trend": 5.947667, "fair_value": 5.387244, "relative_strength": -23.232022, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.834524, "energy": 44.549387, "activity_lines": [ 5.505333, 5.688727, 5.754952, 5.792366 ] }, { "date": "2025-05-30", "close": 5.4, "volume": 306600, "typical_volume": 389160.0, "trend": 5.873667, "fair_value": 5.395513, "relative_strength": -20.788589, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.462386, "energy": 52.058121, "activity_lines": [ 5.408667, 5.629455, 5.71781, 5.757032 ] }, { "date": "2025-06-06", "close": 5.47, "volume": 308200, "typical_volume": 393070.0, "trend": 5.822667, "fair_value": 5.404231, "relative_strength": -18.683848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.858204, "energy": 56.638493, "activity_lines": [ 5.396, 5.589636, 5.687905, 5.730989 ] }, { "date": "2025-06-13", "close": 5.07, "volume": 347800, "typical_volume": 398205.0, "trend": 5.770333, "fair_value": 5.413141, "relative_strength": -24.608346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.548899, "energy": 62.441988, "activity_lines": [ 5.289333, 5.478182, 5.622571, 5.68243 ] }, { "date": "2025-06-20", "close": 4.94, "volume": 315700, "typical_volume": 400930.0, "trend": 5.72, "fair_value": 5.419231, "relative_strength": -25.859358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.294616, "energy": 61.942137, "activity_lines": [ 5.166, 5.347636, 5.547762, 5.62886 ] }, { "date": "2025-06-27", "close": 4.99, "volume": 339800, "typical_volume": 387725.0, "trend": 5.68, "fair_value": 5.425385, "relative_strength": -24.304287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.609687, "energy": 60.975452, "activity_lines": [ 5.084, 5.239818, 5.481952, 5.581763 ] }, { "date": "2025-07-04", "close": 4.94, "volume": 469400, "typical_volume": 397905.0, "trend": 5.639, "fair_value": 5.430769, "relative_strength": -26.759632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.616596, "energy": 65.358799, "activity_lines": [ 5.006, 5.150364, 5.416286, 5.534022 ] }, { "date": "2025-07-11", "close": 4.74, "volume": 286000, "typical_volume": 398875.0, "trend": 5.607, "fair_value": 5.432308, "relative_strength": -26.252882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.948679, "energy": 72.224603, "activity_lines": [ 4.892, 5.049455, 5.337333, 5.476022 ] }, { "date": "2025-07-18", "close": 4.69, "volume": 181700, "typical_volume": 382135.0, "trend": 5.58, "fair_value": 5.435321, "relative_strength": -24.680345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.953763, "energy": 78.025887, "activity_lines": [ 4.81, 4.963455, 5.259857, 5.41686 ] }, { "date": "2025-07-25", "close": 4.73, "volume": 164600, "typical_volume": 375515.0, "trend": 5.541, "fair_value": 5.438462, "relative_strength": -23.355085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.790175, "energy": 76.206103, "activity_lines": [ 4.766667, 4.898909, 5.190381, 5.362022 ] }, { "date": "2025-08-01", "close": 4.67, "volume": 275300, "typical_volume": 365460.0, "trend": 5.514667, "fair_value": 5.439936, "relative_strength": -23.000541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.759329, "energy": 76.67734, "activity_lines": [ 4.717333, 4.834, 5.119762, 5.305828 ] }, { "date": "2025-08-08", "close": 4.7, "volume": 298500, "typical_volume": 362995.0, "trend": 5.487333, "fair_value": 5.440897, "relative_strength": -23.771414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.081245, "energy": 74.888636, "activity_lines": [ 4.699333, 4.786, 5.058333, 5.253269 ] }, { "date": "2025-08-15", "close": 4.55, "volume": 241300, "typical_volume": 351715.0, "trend": 5.438, "fair_value": 5.440192, "relative_strength": -25.740356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.447984, "energy": 73.874224, "activity_lines": [ 4.647333, 4.723455, 4.987714, 5.192796 ] }, { "date": "2025-08-22", "close": 4.52, "volume": 236800, "typical_volume": 346340.0, "trend": 5.399333, "fair_value": 5.436987, "relative_strength": -26.373334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.907681, "energy": 71.24263, "activity_lines": [ 4.598, 4.672182, 4.918905, 5.13357 ] }, { "date": "2025-08-29", "close": 4.89, "volume": 295100, "typical_volume": 324885.0, "trend": 5.368, "fair_value": 5.435705, "relative_strength": -21.690229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.503623, "energy": 48.341793, "activity_lines": [ 4.683333, 4.698182, 4.889143, 5.10071 ] }, { "date": "2025-09-05", "close": 4.46, "volume": 240700, "typical_volume": 312695.0, "trend": 5.316, "fair_value": 5.432308, "relative_strength": -28.549806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.511797, "energy": 52.939578, "activity_lines": [ 4.614667, 4.646909, 4.822238, 5.042129 ] }, { "date": "2025-09-12", "close": 4.44, "volume": 442200, "typical_volume": 321875.0, "trend": 5.259, "fair_value": 5.4325, "relative_strength": -28.168881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.591009, "energy": 53.729904, "activity_lines": [ 4.553333, 4.601636, 4.763143, 4.985613 ] }, { "date": "2025-09-19", "close": 4.63, "volume": 518100, "typical_volume": 338995.0, "trend": 5.211667, "fair_value": 5.43359, "relative_strength": -26.30803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.275368, "energy": 43.436333, "activity_lines": [ 4.572667, 4.6, 4.731048, 4.945032 ] }, { "date": "2025-09-26", "close": 4.98, "volume": 293400, "typical_volume": 314135.0, "trend": 5.192, "fair_value": 5.436282, "relative_strength": -20.048234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.709758, "energy": 29.523833, "activity_lines": [ 4.703333, 4.664, 4.739095, 4.930086 ] }, { "date": "2025-10-03", "close": 4.63, "volume": 480500, "typical_volume": 321015.0, "trend": 5.156667, "fair_value": 5.435833, "relative_strength": -24.495481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.218303, "energy": 25.53091, "activity_lines": [ 4.686667, 4.659091, 4.716143, 4.893828 ] }, { "date": "2025-10-10", "close": 4.52, "volume": 331100, "typical_volume": 318640.0, "trend": 5.107333, "fair_value": 5.434038, "relative_strength": -23.810077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.527168, "energy": 24.740398, "activity_lines": [ 4.650667, 4.636, 4.685952, 4.852753 ] }, { "date": "2025-10-17", "close": 4.69, "volume": 376800, "typical_volume": 322150.0, "trend": 5.071333, "fair_value": 5.433269, "relative_strength": -21.855878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.230528, "energy": 18.196128, "activity_lines": [ 4.667333, 4.646545, 4.675667, 4.825828 ] }, { "date": "2025-10-24", "close": 4.77, "volume": 167500, "typical_volume": 315115.0, "trend": 5.046, "fair_value": 5.434103, "relative_strength": -21.373946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.895148, "energy": 20.283543, "activity_lines": [ 4.694, 4.671818, 4.676381, 4.806387 ] }, { "date": "2025-10-31", "close": 5.43, "volume": 587700, "typical_volume": 327110.0, "trend": 5.049667, "fair_value": 5.437692, "relative_strength": -11.56154, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.424173, "energy": 17.376153, "activity_lines": [ 4.931333, 4.813091, 4.743286, 4.831161 ] }, { "date": "2025-11-07", "close": 4.85, "volume": 474900, "typical_volume": 335070.0, "trend": 5.021667, "fair_value": 5.440577, "relative_strength": -22.482328, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.677917, "energy": 18.023162, "activity_lines": [ 4.945333, 4.832364, 4.753238, 4.81828 ] }, { "date": "2025-11-14", "close": 4.98, "volume": 257100, "typical_volume": 330935.0, "trend": 4.971, "fair_value": 5.445256, "relative_strength": -21.501067, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.934126, "energy": 21.194156, "activity_lines": [ 4.988, 4.876, 4.776, 4.815591 ] }, { "date": "2025-11-21", "close": 5.09, "volume": 307900, "typical_volume": 322860.0, "trend": 4.930333, "fair_value": 5.451026, "relative_strength": -17.555348, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.674334, "energy": 32.216043, "activity_lines": [ 5.036667, 4.930182, 4.809286, 4.823269 ] }, { "date": "2025-11-28", "close": 6.08, "volume": 427200, "typical_volume": 329920.0, "trend": 4.931, "fair_value": 5.463013, "relative_strength": -3.670812, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 57.535291, "energy": 63.408113, "activity_lines": [ 5.388667, 5.152545, 4.936143, 4.897441 ] }, { "date": "2025-12-05", "close": 6.1, "volume": 487600, "typical_volume": 345215.0, "trend": 4.952, "fair_value": 5.476923, "relative_strength": -1.82143, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.741348, "energy": 83.169901, "activity_lines": [ 5.66, 5.352182, 5.058524, 4.97286 ] }, { "date": "2025-12-12", "close": 5.97, "volume": 286500, "typical_volume": 351310.0, "trend": 4.974, "fair_value": 5.492115, "relative_strength": -5.548086, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.040972, "energy": 81.372852, "activity_lines": [ 5.843333, 5.507818, 5.16181, 5.038538 ] }, { "date": "2025-12-19", "close": 6.09, "volume": 316300, "typical_volume": 353360.0, "trend": 5.000333, "fair_value": 5.504679, "relative_strength": -1.938134, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.519518, "energy": 83.576204, "activity_lines": [ 5.992, 5.660909, 5.270619, 5.110538 ] }, { "date": "2025-12-26", "close": 6.54, "volume": 228100, "typical_volume": 349840.0, "trend": 5.038333, "fair_value": 5.520385, "relative_strength": 4.151104, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.350601, "energy": 87.719559, "activity_lines": [ 6.216667, 5.867273, 5.415524, 5.209871 ] }, { "date": "2026-01-02", "close": 6.5, "volume": 276100, "typical_volume": 351580.0, "trend": 5.072667, "fair_value": 5.53609, "relative_strength": 4.030688, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.545362, "energy": 80.724721, "activity_lines": [ 6.331333, 6.032727, 5.547857, 5.304172 ] }, { "date": "2026-01-09", "close": 6.88, "volume": 281500, "typical_volume": 353815.0, "trend": 5.133, "fair_value": 5.554936, "relative_strength": 8.436356, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.537069, "energy": 85.374178, "activity_lines": [ 6.544667, 6.235818, 5.707095, 5.420774 ] }, { "date": "2026-01-16", "close": 7.0, "volume": 310600, "typical_volume": 354590.0, "trend": 5.201667, "fair_value": 5.574167, "relative_strength": 9.740363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.319617, "energy": 84.570524, "activity_lines": [ 6.746, 6.434364, 5.866524, 5.541226 ] }, { "date": "2026-01-23", "close": 7.0, "volume": 210300, "typical_volume": 353070.0, "trend": 5.268667, "fair_value": 5.594038, "relative_strength": 1.479918, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.464049, "energy": 76.80028, "activity_lines": [ 6.878667, 6.593818, 6.015905, 5.657247 ] }, { "date": "2026-01-30", "close": 6.99, "volume": 255000, "typical_volume": 343710.0, "trend": 5.337, "fair_value": 5.612949, "relative_strength": 0.319442, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.451761, "energy": 79.418719, "activity_lines": [ 6.947333, 6.714727, 6.152238, 5.768301 ] }, { "date": "2026-02-06", "close": 6.81, "volume": 236200, "typical_volume": 329615.0, "trend": 5.406, "fair_value": 5.631987, "relative_strength": -2.570614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.302438, "energy": 65.729206, "activity_lines": [ 6.926, 6.768364, 6.259286, 5.863333 ] }, { "date": "2026-02-13", "close": 6.84, "volume": 180500, "typical_volume": 323970.0, "trend": 5.477667, "fair_value": 5.651923, "relative_strength": -3.437231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.232749, "energy": 57.012918, "activity_lines": [ 6.894, 6.814182, 6.35881, 5.955849 ] }, { "date": "2026-02-20", "close": 6.93, "volume": 150200, "typical_volume": 307455.0, "trend": 5.551, "fair_value": 5.673462, "relative_strength": -3.709651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.620612, "energy": 53.360311, "activity_lines": [ 6.894667, 6.862909, 6.458048, 6.049548 ] }, { "date": "2026-02-27", "close": 7.5, "volume": 389300, "typical_volume": 310365.0, "trend": 5.645333, "fair_value": 5.69891, "relative_strength": 5.477084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.750638, "energy": 63.795198, "activity_lines": [ 7.09, 6.997818, 6.600619, 6.17529 ] }, { "date": "2026-03-06", "close": 6.62, "volume": 224500, "typical_volume": 302750.0, "trend": 5.709333, "fair_value": 5.718269, "relative_strength": -1.576172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.8773, "energy": 47.489217, "activity_lines": [ 6.958667, 6.947091, 6.64519, 6.238172 ] }, { "date": "2026-03-13", "close": 6.21, "volume": 197700, "typical_volume": 304260.0, "trend": 5.764667, "fair_value": 5.735577, "relative_strength": -6.22569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.107167, "energy": 30.178271, "activity_lines": [ 6.715333, 6.820364, 6.641524, 6.270473 ] }, { "date": "2026-03-20", "close": 6.5, "volume": 209500, "typical_volume": 285350.0, "trend": 5.830667, "fair_value": 5.755962, "relative_strength": -0.703958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.59226, "energy": 21.6459, "activity_lines": [ 6.608667, 6.751636, 6.658619, 6.317914 ] }, { "date": "2026-03-27", "close": 6.46, "volume": 279300, "typical_volume": 275570.0, "trend": 5.883, "fair_value": 5.775321, "relative_strength": -3.900863, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.802021, "energy": 25.313554, "activity_lines": [ 6.511333, 6.682545, 6.66681, 6.358516 ] }, { "date": "2026-04-03", "close": 6.91, "volume": 279500, "typical_volume": 276690.0, "trend": 5.964667, "fair_value": 5.798526, "relative_strength": -0.495432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.413458, "energy": 20.938933, "activity_lines": [ 6.595333, 6.705091, 6.71019, 6.424774 ] }, { "date": "2026-04-10", "close": 6.65, "volume": 166000, "typical_volume": 269595.0, "trend": 6.038333, "fair_value": 5.819423, "relative_strength": -8.219918, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.798564, "energy": 12.830732, "activity_lines": [ 6.632, 6.682, 6.719619, 6.468989 ] }, { "date": "2026-04-17", "close": 7.1, "volume": 648500, "typical_volume": 280660.0, "trend": 6.120667, "fair_value": 5.843205, "relative_strength": -0.490844, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.761224, "energy": 30.275797, "activity_lines": [ 6.816667, 6.746909, 6.764476, 6.537484 ] }, { "date": "2026-04-24", "close": 6.93, "volume": 210000, "typical_volume": 266780.0, "trend": 6.185667, "fair_value": 5.866218, "relative_strength": 0.222085, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.707575, "energy": 32.165484, "activity_lines": [ 6.885333, 6.775636, 6.788286, 6.589699 ] }, { "date": "2026-05-01", "close": 6.77, "volume": 140600, "typical_volume": 259485.0, "trend": 6.257, "fair_value": 5.887628, "relative_strength": 0.16181, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 39.322639, "energy": 27.158192, "activity_lines": [ 6.872, 6.773636, 6.792905, 6.627398 ] }, { "date": "2026-05-08", "close": 6.75, "volume": 984500, "typical_volume": 292895.0, "trend": 6.331333, "fair_value": 5.906282, "relative_strength": 1.791917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.309114, "energy": 23.706765, "activity_lines": [ 6.831333, 6.770909, 6.79181, 6.659204 ] }, { "date": "2026-05-15", "close": 6.2, "volume": 927400, "typical_volume": 327860.0, "trend": 6.381667, "fair_value": 5.920769, "relative_strength": -2.738298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.318121, "energy": 4.460156, "activity_lines": [ 6.618, 6.681818, 6.73519, 6.650731 ] }, { "date": "2026-05-22", "close": 5.8, "volume": 257400, "typical_volume": 326925.0, "trend": 6.416, "fair_value": 5.930641, "relative_strength": -8.186664, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.967108, "energy": 27.285307, "activity_lines": [ 6.301333, 6.527636, 6.642095, 6.613204 ] }, { "date": "2026-05-29", "close": 6.95, "volume": 2367900, "typical_volume": 431245.0, "trend": 6.466667, "fair_value": 5.945833, "relative_strength": 11.516096, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.046068, "energy": 12.65284, "activity_lines": [ 6.454667, 6.59, 6.661857, 6.647656 ] }, { "date": "2026-06-05", "close": 6.85, "volume": 47300, "typical_volume": 418080.0, "trend": 6.533333, "fair_value": 5.959744, "relative_strength": 12.992334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.99656, "energy": 12.217557, "activity_lines": [ 6.573333, 6.626, 6.671762, 6.672387 ] }, { "date": "2026-06-12", "close": 7.07, "volume": 38500, "typical_volume": 409490.0, "trend": 6.603, "fair_value": 5.974551, "relative_strength": 14.911856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.354367, "energy": 15.616014, "activity_lines": [ 6.76, 6.694909, 6.703333, 6.707011 ] }, { "date": "2026-06-19", "close": 6.8, "volume": 25000, "typical_volume": 397990.0, "trend": 6.66, "fair_value": 5.988141, "relative_strength": 11.941796, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.210467, "energy": 26.929468, "activity_lines": [ 6.835333, 6.711818, 6.708857, 6.71972 ] }, { "date": "2026-06-26", "close": 7.0, "volume": 30000, "typical_volume": 387680.0, "trend": 6.690667, "fair_value": 6.002885, "relative_strength": 11.861375, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.584844, "energy": 33.290925, "activity_lines": [ 6.937333, 6.762364, 6.734333, 6.741656 ] }, { "date": "2026-07-03", "close": 6.8, "volume": 32300, "typical_volume": 380270.0, "trend": 6.714, "fair_value": 6.01391, "relative_strength": 7.824214, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.450227, "energy": 33.041266, "activity_lines": [ 6.892667, 6.778364, 6.739857, 6.74871 ] }, { "date": "2026-07-10", "close": 7.03, "volume": 115400, "typical_volume": 378530.0, "trend": 6.749333, "fair_value": 6.025705, "relative_strength": 8.941846, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.33385, "energy": 35.979355, "activity_lines": [ 6.934667, 6.838545, 6.767476, 6.769097 ] }, { "date": "2026-07-17", "close": 6.58, "volume": 213500, "typical_volume": 369740.0, "trend": 6.765667, "fair_value": 6.036282, "relative_strength": 4.255407, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.753571, "energy": 4.957916, "activity_lines": [ 6.814667, 6.812182, 6.751762, 6.758172 ] }, { "date": "2026-07-24", "close": 6.25, "volume": 147900, "typical_volume": 365910.0, "trend": 6.756, "fair_value": 6.046603, "relative_strength": -1.18528, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.528754, "energy": 26.172014, "activity_lines": [ 6.617333, 6.728909, 6.709, 6.724903 ] }, { "date": "2026-07-31", "close": 6.87, "volume": 166600, "typical_volume": 364355.0, "trend": 6.768333, "fair_value": 6.059872, "relative_strength": 6.015512, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.902176, "energy": 14.041274, "activity_lines": [ 6.663333, 6.757455, 6.727048, 6.732258 ] }, { "date": "2026-08-07", "close": 6.46, "volume": 183700, "typical_volume": 363065.0, "trend": 6.754333, "fair_value": 6.070321, "relative_strength": 2.703218, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.299131, "energy": 29.167254, "activity_lines": [ 6.581333, 6.692, 6.702905, 6.712366 ] } ], "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." } } }