{ "ticker": { "uuid": "6205d1ba-a84c-4d51-a4af-bd9f29b4ec52", "symbol": "JYEU", "name": "Lendlease Global Commercial REIT", "exchange": "SES", "country": "SG", "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": "^STI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 74.107, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 29.781, "architecture_energy": 29.554, "architecture_maturity": 16.678, "architecture_confidence": 47.013, "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": 36.26, "rotation_up": 56.3, "upward_expansion": 48.75, "deceleration": 29.25, "rotation_down": 21.41, "downward_expansion": 16.09 }, "activity_lines": [ 0.583667, 0.580364, 0.574429, 0.573616 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 0.585, "trend_reference": 0.58008, "distance_from_trend": 0.008481, "trend_direction": "Weakening", "fair_value": 0.529467, "distance_from_fair_value": 0.104886, "fair_value_direction": "Improving", "relative_strength": -17.044783, "relative_strength_direction": "Weakening", "price_momentum": -0.07076, "excess_performance": -0.225596, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.008481, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.020207, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.104886, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.023807, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.170448, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.084024, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.07076, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.554862, "read": "Supply-led" } ], "volume": { "latest": 81495400, "relative_activity": 1.305077, "balance": 0.554862, "dry_up": 0.850564, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.028928, "annualized_volatility": 0.189491, "from_high_reference": -0.105958, "from_low_reference": 0.114286 }, "levels": { "trend_reference": 0.58008, "fair_value_reference": 0.529467, "structural_low": 0.525, "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": 15, "median_return": 0.005882, "positive_rate": 0.533333, "directional_follow_through": 0.533333, "median_excess_return": -0.017255, "regime_survival": 0.466667, "best_return": 0.058824, "worst_return": -0.0625, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.013242, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.012854, "regime_survival": 0.25, "best_return": 0.199359, "worst_return": -0.154492, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.030296, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.052538, "regime_survival": 0.2, "best_return": 0.244818, "worst_return": -0.15453, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.06383, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.143468, "regime_survival": 0.25, "best_return": 0.164467, "worst_return": -0.13882, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-19", "end": "2024-08-16", "tenure": "Developing", "return": -0.071923, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-09-06", "tenure": "New", "return": 0.061402, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2024-10-25", "tenure": "Developing", "return": -0.07317, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-11-22", "tenure": "New", "return": -0.051723, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-29", "end": "2025-01-03", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-06-20", "tenure": "Established", "return": -0.049734, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": 0.01852, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-11-21", "tenure": "Established", "return": 0.099908, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": 0.008064, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-02-20", "tenure": "Developing", "return": -0.016, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.034783, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-06-12", "tenure": "Established", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.008621, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.514109, "volume": 49480100, "typical_volume": 30804840.0, "trend": 0.557903, "fair_value": 0.575254, "relative_strength": -7.752261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.916746, "energy": 49.71314, "activity_lines": [ 0.538608, 0.543355, 0.54638, 0.550962 ] }, { "date": "2023-08-25", "close": 0.501363, "volume": 42296300, "typical_volume": 31459150.0, "trend": 0.55517, "fair_value": 0.57565, "relative_strength": -10.040366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.155811, "energy": 77.599776, "activity_lines": [ 0.523958, 0.535457, 0.541486, 0.547314 ] }, { "date": "2023-09-01", "close": 0.488616, "volume": 42134400, "typical_volume": 32452365.0, "trend": 0.55188, "fair_value": 0.57592, "relative_strength": -13.007993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.075185, "energy": 87.502639, "activity_lines": [ 0.508851, 0.526126, 0.535746, 0.543021 ] }, { "date": "2023-09-08", "close": 0.463123, "volume": 60561062, "typical_volume": 34208498.1, "trend": 0.547608, "fair_value": 0.575939, "relative_strength": -16.391427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.065461, "energy": 96.528308, "activity_lines": [ 0.489888, 0.513054, 0.528066, 0.537294 ] }, { "date": "2023-09-15", "close": 0.47587, "volume": 48886700, "typical_volume": 35435943.1, "trend": 0.544452, "fair_value": 0.575886, "relative_strength": -15.525762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.963307, "energy": 91.029761, "activity_lines": [ 0.480968, 0.503729, 0.522112, 0.532666 ] }, { "date": "2023-09-22", "close": 0.471621, "volume": 33748600, "typical_volume": 34719463.0, "trend": 0.541017, "fair_value": 0.575915, "relative_strength": -13.783594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.30189, "energy": 90.33235, "activity_lines": [ 0.475303, 0.494757, 0.516223, 0.527967 ] }, { "date": "2023-09-29", "close": 0.463123, "volume": 32340200, "typical_volume": 34224078.0, "trend": 0.537983, "fair_value": 0.575845, "relative_strength": -15.20259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.568018, "energy": 90.832294, "activity_lines": [ 0.469638, 0.48574, 0.509958, 0.522942 ] }, { "date": "2023-10-06", "close": 0.433382, "volume": 79743100, "typical_volume": 35825883.0, "trend": 0.534232, "fair_value": 0.575608, "relative_strength": -19.054802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.42363, "energy": 88.412597, "activity_lines": [ 0.456609, 0.473045, 0.501293, 0.516193 ] }, { "date": "2023-10-13", "close": 0.441879, "volume": 25287000, "typical_volume": 35523098.0, "trend": 0.530353, "fair_value": 0.57549, "relative_strength": -17.33539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.403884, "energy": 76.513046, "activity_lines": [ 0.450094, 0.464165, 0.493973, 0.510235 ] }, { "date": "2023-10-20", "close": 0.420635, "volume": 32989700, "typical_volume": 35918258.0, "trend": 0.525766, "fair_value": 0.575325, "relative_strength": -18.147194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.465445, "energy": 81.853085, "activity_lines": [ 0.437914, 0.45339, 0.485145, 0.503157 ] }, { "date": "2023-10-27", "close": 0.420635, "volume": 23735700, "typical_volume": 34239948.0, "trend": 0.521179, "fair_value": 0.575335, "relative_strength": -17.341916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.980994, "energy": 82.585107, "activity_lines": [ 0.429416, 0.444892, 0.476934, 0.496374 ] }, { "date": "2023-11-03", "close": 0.463123, "volume": 45662500, "typical_volume": 34926778.0, "trend": 0.517324, "fair_value": 0.575486, "relative_strength": -11.0505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.369861, "energy": 63.913109, "activity_lines": [ 0.43848, 0.445819, 0.473287, 0.492628 ] }, { "date": "2023-11-10", "close": 0.467372, "volume": 40096400, "typical_volume": 35534633.0, "trend": 0.5132, "fair_value": 0.575642, "relative_strength": -8.871774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.016299, "energy": 49.338694, "activity_lines": [ 0.44896, 0.448214, 0.470459, 0.489406 ] }, { "date": "2023-11-17", "close": 0.488616, "volume": 28400700, "typical_volume": 36153218.0, "trend": 0.510468, "fair_value": 0.57589, "relative_strength": -5.103078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.942398, "energy": 26.39715, "activity_lines": [ 0.464256, 0.454857, 0.469989, 0.48782 ] }, { "date": "2023-11-24", "close": 0.497114, "volume": 24403200, "typical_volume": 36065353.1, "trend": 0.507883, "fair_value": 0.576105, "relative_strength": -2.302593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.097595, "energy": 28.358232, "activity_lines": [ 0.479269, 0.462582, 0.470582, 0.486958 ] }, { "date": "2023-12-01", "close": 0.522607, "volume": 44950700, "typical_volume": 37421898.1, "trend": 0.506559, "fair_value": 0.576373, "relative_strength": 2.902689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 17.585129, "energy": 33.742929, "activity_lines": [ 0.49768, 0.474556, 0.473796, 0.487908 ] }, { "date": "2023-12-08", "close": 0.526856, "volume": 29439000, "typical_volume": 37702783.1, "trend": 0.505649, "fair_value": 0.576558, "relative_strength": 3.138967, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.739863, "energy": 47.5924, "activity_lines": [ 0.51071, 0.486376, 0.477565, 0.489218 ] }, { "date": "2023-12-15", "close": 0.556598, "volume": 57891400, "typical_volume": 40077548.1, "trend": 0.506005, "fair_value": 0.576868, "relative_strength": 8.699209, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.818871, "energy": 70.912793, "activity_lines": [ 0.529405, 0.502444, 0.484316, 0.492505 ] }, { "date": "2023-12-22", "close": 0.543851, "volume": 33255600, "typical_volume": 40737228.1, "trend": 0.505798, "fair_value": 0.577096, "relative_strength": 5.371942, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.44707, "energy": 71.13503, "activity_lines": [ 0.537903, 0.513955, 0.48986, 0.494946 ] }, { "date": "2023-12-29", "close": 0.5481, "volume": 15105400, "typical_volume": 39520388.1, "trend": 0.505734, "fair_value": 0.577395, "relative_strength": 2.954934, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.759767, "energy": 70.34241, "activity_lines": [ 0.544134, 0.524384, 0.495839, 0.497675 ] }, { "date": "2024-01-05", "close": 0.543851, "volume": 12913900, "typical_volume": 37692078.1, "trend": 0.506212, "fair_value": 0.577469, "relative_strength": 3.863702, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.862549, "energy": 68.525437, "activity_lines": [ 0.545551, 0.531723, 0.501403, 0.500135 ] }, { "date": "2024-01-12", "close": 0.535354, "volume": 17103700, "typical_volume": 36432448.1, "trend": 0.505722, "fair_value": 0.57729, "relative_strength": 1.928333, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.498219, "energy": 45.764096, "activity_lines": [ 0.542718, 0.535276, 0.506016, 0.502015 ] }, { "date": "2024-01-19", "close": 0.526856, "volume": 22169900, "typical_volume": 35434223.1, "trend": 0.50536, "fair_value": 0.577233, "relative_strength": 1.569079, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.23446, "energy": 36.489502, "activity_lines": [ 0.536487, 0.535972, 0.509658, 0.503378 ] }, { "date": "2024-01-26", "close": 0.522607, "volume": 15045100, "typical_volume": 33158425.0, "trend": 0.504719, "fair_value": 0.577193, "relative_strength": 0.595014, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 17.406253, "energy": 22.726321, "activity_lines": [ 0.530822, 0.534813, 0.512713, 0.504491 ] }, { "date": "2024-02-02", "close": 0.531105, "volume": 28581800, "typical_volume": 32143180.0, "trend": 0.504499, "fair_value": 0.577185, "relative_strength": 1.657519, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.937692, "energy": 27.465871, "activity_lines": [ 0.529405, 0.534581, 0.516295, 0.506193 ] }, { "date": "2024-02-09", "close": 0.518987, "volume": 25676100, "typical_volume": 31739555.0, "trend": 0.503327, "fair_value": 0.577034, "relative_strength": 0.775383, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.272795, "energy": 23.391618, "activity_lines": [ 0.525083, 0.531528, 0.518459, 0.507128 ] }, { "date": "2024-02-16", "close": 0.527783, "volume": 18677200, "typical_volume": 31056405.0, "trend": 0.502312, "fair_value": 0.576835, "relative_strength": -0.087899, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.906403, "energy": 21.203661, "activity_lines": [ 0.52535, 0.53014, 0.521235, 0.508706 ] }, { "date": "2024-02-23", "close": 0.51019, "volume": 32925400, "typical_volume": 28715520.0, "trend": 0.50071, "fair_value": 0.576615, "relative_strength": -2.124476, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.572879, "energy": 19.341558, "activity_lines": [ 0.520257, 0.525537, 0.522028, 0.509214 ] }, { "date": "2024-03-01", "close": 0.501394, "volume": 19275800, "typical_volume": 28414960.0, "trend": 0.499088, "fair_value": 0.576338, "relative_strength": -2.171404, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.811994, "energy": 14.32586, "activity_lines": [ 0.513344, 0.520178, 0.521617, 0.509258 ] }, { "date": "2024-03-08", "close": 0.514588, "volume": 14764900, "typical_volume": 27503720.0, "trend": 0.498044, "fair_value": 0.576056, "relative_strength": 0.139283, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.687513, "energy": 15.56172, "activity_lines": [ 0.512243, 0.51799, 0.522179, 0.510258 ] }, { "date": "2024-03-15", "close": 0.492597, "volume": 38264700, "typical_volume": 28230170.0, "trend": 0.497327, "fair_value": 0.575586, "relative_strength": -4.69592, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.277034, "energy": 21.115598, "activity_lines": [ 0.504912, 0.512412, 0.5202, 0.509907 ] }, { "date": "2024-03-22", "close": 0.505792, "volume": 23855300, "typical_volume": 27139810.0, "trend": 0.497474, "fair_value": 0.575202, "relative_strength": -3.322458, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.100966, "energy": 18.431264, "activity_lines": [ 0.503739, 0.510166, 0.519135, 0.510453 ] }, { "date": "2024-03-29", "close": 0.51019, "volume": 23831600, "typical_volume": 26326570.0, "trend": 0.498193, "fair_value": 0.574845, "relative_strength": -2.514012, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.362384, "energy": 15.012527, "activity_lines": [ 0.505499, 0.509257, 0.518285, 0.511273 ] }, { "date": "2024-04-05", "close": 0.505792, "volume": 27487400, "typical_volume": 26280905.0, "trend": 0.499616, "fair_value": 0.574506, "relative_strength": -2.972538, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.27818, "energy": 13.454436, "activity_lines": [ 0.505792, 0.507851, 0.516813, 0.511763 ] }, { "date": "2024-04-12", "close": 0.501394, "volume": 10916600, "typical_volume": 25606575.0, "trend": 0.500466, "fair_value": 0.574093, "relative_strength": -3.511111, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.852569, "energy": 9.331873, "activity_lines": [ 0.504326, 0.505952, 0.51484, 0.511878 ] }, { "date": "2024-04-19", "close": 0.466208, "volume": 41895500, "typical_volume": 25453815.0, "trend": 0.500286, "fair_value": 0.573501, "relative_strength": -8.870128, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -48.239397, "energy": 35.407934, "activity_lines": [ 0.492011, 0.498195, 0.509495, 0.509668 ] }, { "date": "2024-04-26", "close": 0.475005, "volume": 17098600, "typical_volume": 24836795.0, "trend": 0.500682, "fair_value": 0.572851, "relative_strength": -9.749929, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.312003, "energy": 50.376478, "activity_lines": [ 0.484388, 0.492997, 0.505257, 0.508037 ] }, { "date": "2024-05-03", "close": 0.470606, "volume": 13517400, "typical_volume": 22618095.0, "trend": 0.501923, "fair_value": 0.572331, "relative_strength": -10.620928, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.675596, "energy": 60.315421, "activity_lines": [ 0.47735, 0.487959, 0.500847, 0.506097 ] }, { "date": "2024-05-10", "close": 0.488199, "volume": 13514900, "typical_volume": 21631060.0, "trend": 0.503467, "fair_value": 0.572174, "relative_strength": -6.944248, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.331025, "energy": 55.60898, "activity_lines": [ 0.478816, 0.48684, 0.498522, 0.505211 ] }, { "date": "2024-05-17", "close": 0.488199, "volume": 19740800, "typical_volume": 21862830.0, "trend": 0.505719, "fair_value": 0.571949, "relative_strength": -7.325455, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.101082, "energy": 48.784472, "activity_lines": [ 0.481455, 0.48596, 0.496462, 0.504226 ] }, { "date": "2024-05-24", "close": 0.488199, "volume": 9476800, "typical_volume": 21690975.0, "trend": 0.507971, "fair_value": 0.57161, "relative_strength": -7.138681, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.611925, "energy": 32.739422, "activity_lines": [ 0.484974, 0.48556, 0.494687, 0.503096 ] }, { "date": "2024-05-31", "close": 0.488199, "volume": 14499700, "typical_volume": 21560775.0, "trend": 0.508807, "fair_value": 0.571249, "relative_strength": -7.388299, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.667004, "energy": 21.899741, "activity_lines": [ 0.487026, 0.48524, 0.493177, 0.50182 ] }, { "date": "2024-06-07", "close": 0.492597, "volume": 16045400, "typical_volume": 21254550.0, "trend": 0.509648, "fair_value": 0.570802, "relative_strength": -6.182228, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.197573, "energy": 18.623075, "activity_lines": [ 0.489665, 0.48604, 0.492311, 0.500774 ] }, { "date": "2024-06-14", "close": 0.488199, "volume": 19616200, "typical_volume": 21483105.0, "trend": 0.509634, "fair_value": 0.570282, "relative_strength": -5.845709, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.299046, "energy": 17.772276, "activity_lines": [ 0.489372, 0.48636, 0.491189, 0.499391 ] }, { "date": "2024-06-21", "close": 0.501394, "volume": 18733500, "typical_volume": 20990690.0, "trend": 0.509777, "fair_value": 0.569779, "relative_strength": -3.349843, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.043171, "energy": 14.688763, "activity_lines": [ 0.493477, 0.489399, 0.491487, 0.498859 ] }, { "date": "2024-06-28", "close": 0.492597, "volume": 12539100, "typical_volume": 20333840.0, "trend": 0.508776, "fair_value": 0.569015, "relative_strength": -5.563135, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.448318, "energy": 14.636066, "activity_lines": [ 0.49377, 0.490838, 0.491089, 0.497751 ] }, { "date": "2024-07-05", "close": 0.496996, "volume": 10484400, "typical_volume": 19924200.0, "trend": 0.507781, "fair_value": 0.568234, "relative_strength": -6.6056, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.169843, "energy": 10.322895, "activity_lines": [ 0.495236, 0.492597, 0.491236, 0.496991 ] }, { "date": "2024-07-12", "close": 0.532181, "volume": 36521100, "typical_volume": 20103985.0, "trend": 0.506967, "fair_value": 0.567678, "relative_strength": -2.25828, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.554128, "energy": 29.291077, "activity_lines": [ 0.507844, 0.500354, 0.49488, 0.498565 ] }, { "date": "2024-07-19", "close": 0.518987, "volume": 29048300, "typical_volume": 20592610.0, "trend": 0.506138, "fair_value": 0.567106, "relative_strength": -3.056529, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.041295, "energy": 43.168838, "activity_lines": [ 0.513416, 0.504592, 0.497163, 0.49934 ] }, { "date": "2024-07-26", "close": 0.527783, "volume": 19758100, "typical_volume": 20842270.0, "trend": 0.505461, "fair_value": 0.566523, "relative_strength": -0.664439, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.238781, "energy": 57.041614, "activity_lines": [ 0.519866, 0.50987, 0.5002, 0.500737 ] }, { "date": "2024-08-02", "close": 0.527783, "volume": 13041700, "typical_volume": 19581120.0, "trend": 0.504925, "fair_value": 0.565985, "relative_strength": 0.79537, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.961616, "energy": 64.161759, "activity_lines": [ 0.524558, 0.514428, 0.503174, 0.502177 ] }, { "date": "2024-08-09", "close": 0.488199, "volume": 38178600, "typical_volume": 20297285.0, "trend": 0.503354, "fair_value": 0.565102, "relative_strength": -3.152086, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.004903, "energy": 20.041447, "activity_lines": [ 0.513709, 0.51107, 0.502211, 0.501098 ] }, { "date": "2024-08-16", "close": 0.48166, "volume": 31965200, "typical_volume": 20703965.0, "trend": 0.501847, "fair_value": 0.564161, "relative_strength": -6.831868, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -13.653227, "energy": 10.070502, "activity_lines": [ 0.501267, 0.506522, 0.500708, 0.499698 ] }, { "date": "2024-08-23", "close": 0.518012, "volume": 31374500, "typical_volume": 20898320.0, "trend": 0.501694, "fair_value": 0.563477, "relative_strength": -0.78542, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.63596, "energy": 12.495928, "activity_lines": [ 0.50431, 0.508783, 0.502804, 0.500741 ] }, { "date": "2024-08-30", "close": 0.531643, "volume": 27982300, "typical_volume": 21751605.0, "trend": 0.501712, "fair_value": 0.562671, "relative_strength": 0.159264, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.856057, "energy": 25.056705, "activity_lines": [ 0.511962, 0.51298, 0.506139, 0.502673 ] }, { "date": "2024-09-06", "close": 0.549819, "volume": 22176400, "typical_volume": 20765650.0, "trend": 0.50274, "fair_value": 0.562144, "relative_strength": 3.047464, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.635803, "energy": 50.777271, "activity_lines": [ 0.525415, 0.519932, 0.511062, 0.505777 ] }, { "date": "2024-09-13", "close": 0.558907, "volume": 18272300, "typical_volume": 20824335.0, "trend": 0.503777, "fair_value": 0.561675, "relative_strength": 1.420628, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.872131, "energy": 76.868918, "activity_lines": [ 0.540428, 0.527496, 0.516452, 0.509401 ] }, { "date": "2024-09-20", "close": 0.545275, "volume": 53063000, "typical_volume": 22801615.0, "trend": 0.504946, "fair_value": 0.561143, "relative_strength": -2.788049, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.293067, "energy": 73.252129, "activity_lines": [ 0.546184, 0.531455, 0.520144, 0.512078 ] }, { "date": "2024-09-27", "close": 0.567995, "volume": 51598900, "typical_volume": 24705815.0, "trend": 0.507166, "fair_value": 0.560826, "relative_strength": 2.527817, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.516762, "energy": 79.416619, "activity_lines": [ 0.555272, 0.539308, 0.525644, 0.516146 ] }, { "date": "2024-10-04", "close": 0.558907, "volume": 43887000, "typical_volume": 25913125.0, "trend": 0.508644, "fair_value": 0.560404, "relative_strength": 0.205461, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.328697, "energy": 70.481019, "activity_lines": [ 0.557998, 0.544617, 0.529899, 0.519484 ] }, { "date": "2024-10-11", "close": 0.540731, "volume": 26210000, "typical_volume": 26749785.0, "trend": 0.510248, "fair_value": 0.559749, "relative_strength": -2.787947, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.724913, "energy": 46.226716, "activity_lines": [ 0.552848, 0.546055, 0.532086, 0.521554 ] }, { "date": "2024-10-18", "close": 0.545275, "volume": 10330400, "typical_volume": 26541320.0, "trend": 0.511564, "fair_value": 0.559146, "relative_strength": -3.915203, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.812203, "energy": 41.595609, "activity_lines": [ 0.549819, 0.548084, 0.534456, 0.523814 ] }, { "date": "2024-10-25", "close": 0.518012, "volume": 28940700, "typical_volume": 27186085.0, "trend": 0.511825, "fair_value": 0.558392, "relative_strength": -7.608228, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.864289, "energy": 18.882914, "activity_lines": [ 0.538611, 0.544119, 0.533957, 0.52423 ] }, { "date": "2024-11-01", "close": 0.527099, "volume": 15435800, "typical_volume": 26977065.0, "trend": 0.512535, "fair_value": 0.557673, "relative_strength": -4.994136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.349693, "energy": 21.388395, "activity_lines": [ 0.532249, 0.541144, 0.534203, 0.525215 ] }, { "date": "2024-11-08", "close": 0.513468, "volume": 33967800, "typical_volume": 27738780.0, "trend": 0.512938, "fair_value": 0.556773, "relative_strength": -11.511997, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.873351, "energy": 17.751403, "activity_lines": [ 0.52407, 0.535526, 0.532965, 0.525275 ] }, { "date": "2024-11-15", "close": 0.50438, "volume": 15605600, "typical_volume": 27892105.0, "trend": 0.51421, "fair_value": 0.555839, "relative_strength": -13.318086, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.117794, "energy": 22.066306, "activity_lines": [ 0.515891, 0.528587, 0.530805, 0.524723 ] }, { "date": "2024-11-22", "close": 0.499836, "volume": 16746000, "typical_volume": 28205185.0, "trend": 0.515038, "fair_value": 0.554899, "relative_strength": -13.839269, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.379161, "energy": 36.634998, "activity_lines": [ 0.508621, 0.521647, 0.528155, 0.523796 ] }, { "date": "2024-11-29", "close": 0.508924, "volume": 13523300, "typical_volume": 27055295.0, "trend": 0.516315, "fair_value": 0.554156, "relative_strength": -11.753071, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.345767, "energy": 38.864224, "activity_lines": [ 0.507409, 0.517433, 0.526358, 0.523401 ] }, { "date": "2024-12-06", "close": 0.508924, "volume": 8757300, "typical_volume": 26040745.0, "trend": 0.517006, "fair_value": 0.553414, "relative_strength": -12.690743, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.804892, "energy": 40.324686, "activity_lines": [ 0.506803, 0.513881, 0.524671, 0.522924 ] }, { "date": "2024-12-13", "close": 0.50438, "volume": 9732600, "typical_volume": 25539470.0, "trend": 0.517545, "fair_value": 0.552549, "relative_strength": -13.290551, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.18114, "energy": 33.334911, "activity_lines": [ 0.505895, 0.510576, 0.522599, 0.52211 ] }, { "date": "2024-12-20", "close": 0.486204, "volume": 23965200, "typical_volume": 26085645.0, "trend": 0.517479, "fair_value": 0.551614, "relative_strength": -13.922921, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.865555, "energy": 41.147922, "activity_lines": [ 0.499533, 0.504958, 0.518908, 0.520088 ] }, { "date": "2024-12-27", "close": 0.499836, "volume": 6685300, "typical_volume": 24510980.0, "trend": 0.517867, "fair_value": 0.550651, "relative_strength": -12.315766, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.141775, "energy": 39.001663, "activity_lines": [ 0.498927, 0.50281, 0.516713, 0.51895 ] }, { "date": "2025-01-03", "close": 0.508924, "volume": 6264800, "typical_volume": 23225960.0, "trend": 0.518411, "fair_value": 0.549815, "relative_strength": -11.012558, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.287954, "energy": 41.320502, "activity_lines": [ 0.501351, 0.503141, 0.515329, 0.518373 ] }, { "date": "2025-01-10", "close": 0.499836, "volume": 8471100, "typical_volume": 22080790.0, "trend": 0.518799, "fair_value": 0.549061, "relative_strength": -12.188486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.28686, "energy": 42.022158, "activity_lines": [ 0.500745, 0.501984, 0.512948, 0.517174 ] }, { "date": "2025-01-17", "close": 0.495292, "volume": 13942400, "typical_volume": 21378795.0, "trend": 0.518595, "fair_value": 0.548231, "relative_strength": -12.781004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.883171, "energy": 34.463515, "activity_lines": [ 0.49923, 0.500497, 0.510222, 0.515658 ] }, { "date": "2025-01-24", "close": 0.499836, "volume": 13361400, "typical_volume": 20938045.0, "trend": 0.518837, "fair_value": 0.547663, "relative_strength": -11.441191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.519803, "energy": 30.208382, "activity_lines": [ 0.499836, 0.500166, 0.508102, 0.514447 ] }, { "date": "2025-01-31", "close": 0.50438, "volume": 9851600, "typical_volume": 20517010.0, "trend": 0.519083, "fair_value": 0.546938, "relative_strength": -11.415233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.32289, "energy": 26.171213, "activity_lines": [ 0.501048, 0.500745, 0.506652, 0.513515 ] }, { "date": "2025-02-07", "close": 0.48166, "volume": 30984700, "typical_volume": 19413095.0, "trend": 0.517399, "fair_value": 0.546045, "relative_strength": -15.078846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.834537, "energy": 43.30329, "activity_lines": [ 0.494383, 0.49711, 0.503298, 0.5111 ] }, { "date": "2025-02-14", "close": 0.474977, "volume": 39916700, "typical_volume": 18828985.0, "trend": 0.515932, "fair_value": 0.545065, "relative_strength": -16.150872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.525365, "energy": 59.475462, "activity_lines": [ 0.487309, 0.492755, 0.499611, 0.508363 ] }, { "date": "2025-02-21", "close": 0.47968, "volume": 20828700, "typical_volume": 17676070.0, "trend": 0.514328, "fair_value": 0.544235, "relative_strength": -16.029078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.589765, "energy": 64.337196, "activity_lines": [ 0.483459, 0.489873, 0.496814, 0.506025 ] }, { "date": "2025-02-28", "close": 0.474977, "volume": 14203600, "typical_volume": 17075750.0, "trend": 0.512568, "fair_value": 0.543304, "relative_strength": -15.69806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.237658, "energy": 72.390835, "activity_lines": [ 0.479082, 0.486584, 0.493947, 0.503486 ] }, { "date": "2025-03-07", "close": 0.456166, "volume": 36015400, "typical_volume": 18360000.0, "trend": 0.511501, "fair_value": 0.542347, "relative_strength": -18.918689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.251081, "energy": 81.53191, "activity_lines": [ 0.470093, 0.48008, 0.489601, 0.499847 ] }, { "date": "2025-03-14", "close": 0.47968, "volume": 37747300, "typical_volume": 18800330.0, "trend": 0.511435, "fair_value": 0.541614, "relative_strength": -12.642281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.894304, "energy": 56.795302, "activity_lines": [ 0.472155, 0.478645, 0.487919, 0.497794 ] }, { "date": "2025-03-21", "close": 0.47968, "volume": 32569649, "typical_volume": 19657022.45, "trend": 0.510157, "fair_value": 0.540856, "relative_strength": -14.250883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.389863, "energy": 43.586517, "activity_lines": [ 0.47435, 0.477742, 0.48642, 0.495745 ] }, { "date": "2025-03-28", "close": 0.47968, "volume": 18738900, "typical_volume": 18895577.45, "trend": 0.508425, "fair_value": 0.540074, "relative_strength": -14.812266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.689859, "energy": 37.732331, "activity_lines": [ 0.476231, 0.477205, 0.485146, 0.493779 ] }, { "date": "2025-04-04", "close": 0.484383, "volume": 26141100, "typical_volume": 19422352.45, "trend": 0.506243, "fair_value": 0.539248, "relative_strength": -10.309677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.236739, "energy": 21.619651, "activity_lines": [ 0.47968, 0.477807, 0.484482, 0.492228 ] }, { "date": "2025-04-11", "close": 0.465572, "volume": 52009200, "typical_volume": 21185512.45, "trend": 0.503132, "fair_value": 0.538276, "relative_strength": -5.803606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.858367, "energy": 26.048667, "activity_lines": [ 0.476231, 0.47527, 0.482121, 0.489604 ] }, { "date": "2025-04-18", "close": 0.474977, "volume": 9347200, "typical_volume": 20976707.45, "trend": 0.500789, "fair_value": 0.537389, "relative_strength": -9.03098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.459628, "energy": 22.83665, "activity_lines": [ 0.475291, 0.475148, 0.480819, 0.487787 ] }, { "date": "2025-04-25", "close": 0.484383, "volume": 18595400, "typical_volume": 21468612.45, "trend": 0.498002, "fair_value": 0.536512, "relative_strength": -9.514476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.978532, "energy": 19.662937, "activity_lines": [ 0.477799, 0.476858, 0.480574, 0.486729 ] }, { "date": "2025-05-02", "close": 0.484383, "volume": 9106400, "typical_volume": 21437302.45, "trend": 0.495518, "fair_value": 0.535585, "relative_strength": -9.807233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.209469, "energy": 17.927858, "activity_lines": [ 0.479994, 0.478398, 0.480446, 0.48585 ] }, { "date": "2025-05-09", "close": 0.470275, "volume": 16677500, "typical_volume": 21072917.45, "trend": 0.493169, "fair_value": 0.534819, "relative_strength": -12.810414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.848003, "energy": 22.83257, "activity_lines": [ 0.477172, 0.477286, 0.47907, 0.484222 ] }, { "date": "2025-05-16", "close": 0.465572, "volume": 13210900, "typical_volume": 21399197.45, "trend": 0.490513, "fair_value": 0.533896, "relative_strength": -13.830938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.899393, "energy": 26.500694, "activity_lines": [ 0.473723, 0.475405, 0.477322, 0.482441 ] }, { "date": "2025-05-23", "close": 0.446761, "volume": 32349600, "typical_volume": 22703437.45, "trend": 0.488138, "fair_value": 0.532754, "relative_strength": -16.611779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.896605, "energy": 51.460752, "activity_lines": [ 0.464004, 0.469933, 0.473945, 0.479619 ] }, { "date": "2025-05-30", "close": 0.446761, "volume": 41509700, "typical_volume": 24355367.45, "trend": 0.48546, "fair_value": 0.531486, "relative_strength": -16.505053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.13588, "energy": 63.861304, "activity_lines": [ 0.456167, 0.465059, 0.470864, 0.476949 ] }, { "date": "2025-06-06", "close": 0.456166, "volume": 26781400, "typical_volume": 24997317.45, "trend": 0.483549, "fair_value": 0.530328, "relative_strength": -15.228114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.358084, "energy": 62.344504, "activity_lines": [ 0.453972, 0.462494, 0.468932, 0.475059 ] }, { "date": "2025-06-13", "close": 0.465572, "volume": 23890200, "typical_volume": 25523757.45, "trend": 0.482256, "fair_value": 0.529306, "relative_strength": -12.617716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.883444, "energy": 55.805937, "activity_lines": [ 0.456793, 0.462066, 0.468082, 0.473899 ] }, { "date": "2025-06-20", "close": 0.474977, "volume": 22007200, "typical_volume": 26131537.45, "trend": 0.481427, "fair_value": 0.528394, "relative_strength": -9.836347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.111713, "energy": 27.162731, "activity_lines": [ 0.463064, 0.463691, 0.468291, 0.47343 ] }, { "date": "2025-06-27", "close": 0.493788, "volume": 29426500, "typical_volume": 26053627.45, "trend": 0.480923, "fair_value": 0.527627, "relative_strength": -7.917424, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.725421, "energy": 11.197358, "activity_lines": [ 0.474977, 0.468564, 0.470431, 0.474227 ] }, { "date": "2025-07-04", "close": 0.493788, "volume": 36363563, "typical_volume": 25875970.6, "trend": 0.480418, "fair_value": 0.526861, "relative_strength": -8.710821, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.676971, "energy": 26.492165, "activity_lines": [ 0.483756, 0.473096, 0.472514, 0.475057 ] }, { "date": "2025-07-11", "close": 0.493788, "volume": 25601300, "typical_volume": 26114600.6, "trend": 0.480065, "fair_value": 0.525995, "relative_strength": -9.964823, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.903748, "energy": 38.155936, "activity_lines": [ 0.489399, 0.477457, 0.474507, 0.47592 ] }, { "date": "2025-07-18", "close": 0.507896, "volume": 29858100, "typical_volume": 26897325.6, "trend": 0.480788, "fair_value": 0.525144, "relative_strength": -9.259074, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.659097, "energy": 65.320527, "activity_lines": [ 0.497237, 0.484212, 0.477776, 0.477715 ] }, { "date": "2025-07-25", "close": 0.517302, "volume": 42107300, "typical_volume": 27201920.6, "trend": 0.48137, "fair_value": 0.524278, "relative_strength": -8.701918, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.942241, "energy": 70.659138, "activity_lines": [ 0.505388, 0.491992, 0.481785, 0.480071 ] }, { "date": "2025-08-01", "close": 0.517302, "volume": 21004600, "typical_volume": 26364785.6, "trend": 0.48165, "fair_value": 0.523437, "relative_strength": -5.915855, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.554928, "energy": 79.288918, "activity_lines": [ 0.510718, 0.498833, 0.485502, 0.482389 ] }, { "date": "2025-08-08", "close": 0.540816, "volume": 57288400, "typical_volume": 27600723.15, "trend": 0.483016, "fair_value": 0.522722, "relative_strength": -3.323781, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.086147, "energy": 88.300321, "activity_lines": [ 0.522318, 0.508666, 0.49128, 0.486207 ] }, { "date": "2025-08-15", "close": 0.553394, "volume": 42080200, "typical_volume": 28767788.15, "trend": 0.484952, "fair_value": 0.521995, "relative_strength": -0.671896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.602217, "energy": 90.88248, "activity_lines": [ 0.534976, 0.519076, 0.497965, 0.490747 ] }, { "date": "2025-08-22", "close": 0.563103, "volume": 18701400, "typical_volume": 28395803.15, "trend": 0.487061, "fair_value": 0.521382, "relative_strength": 0.838094, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.717491, "energy": 93.089735, "activity_lines": [ 0.546896, 0.529483, 0.505223, 0.495789 ] }, { "date": "2025-08-29", "close": 0.58252, "volume": 91300500, "typical_volume": 30360368.15, "trend": 0.489666, "fair_value": 0.520944, "relative_strength": 4.182113, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.037344, "energy": 95.075526, "activity_lines": [ 0.561609, 0.541648, 0.513955, 0.501948 ] }, { "date": "2025-09-05", "close": 0.592229, "volume": 33096200, "typical_volume": 31547818.15, "trend": 0.493352, "fair_value": 0.520594, "relative_strength": 5.334357, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.447739, "energy": 94.372959, "activity_lines": [ 0.575209, 0.553622, 0.523055, 0.508565 ] }, { "date": "2025-09-12", "close": 0.621355, "volume": 51821200, "typical_volume": 33209108.15, "trend": 0.498231, "fair_value": 0.520482, "relative_strength": 9.793421, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.169025, "energy": 96.496253, "activity_lines": [ 0.593523, 0.569102, 0.534371, 0.516823 ] }, { "date": "2025-09-19", "close": 0.601938, "volume": 49110300, "typical_volume": 35209303.15, "trend": 0.502306, "fair_value": 0.520194, "relative_strength": 7.556302, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.51119, "energy": 87.40554, "activity_lines": [ 0.599996, 0.578733, 0.543186, 0.523514 ] }, { "date": "2025-09-26", "close": 0.592229, "volume": 48838511, "typical_volume": 36817353.7, "trend": 0.506215, "fair_value": 0.520124, "relative_strength": 7.051141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.013783, "energy": 76.792842, "activity_lines": [ 0.599996, 0.584632, 0.550516, 0.529315 ] }, { "date": "2025-10-03", "close": 0.626209, "volume": 56842700, "typical_volume": 38998943.7, "trend": 0.511883, "fair_value": 0.520246, "relative_strength": 9.672564, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.4042, "energy": 72.182676, "activity_lines": [ 0.609381, 0.595175, 0.560501, 0.537057 ] }, { "date": "2025-10-10", "close": 0.616501, "volume": 69405500, "typical_volume": 40851738.7, "trend": 0.516443, "fair_value": 0.520611, "relative_strength": 7.796808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.431151, "energy": 66.260204, "activity_lines": [ 0.612617, 0.601974, 0.568797, 0.543806 ] }, { "date": "2025-10-17", "close": 0.616501, "volume": 45755600, "typical_volume": 41064033.7, "trend": 0.521004, "fair_value": 0.521205, "relative_strength": 10.361612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.316758, "energy": 64.473738, "activity_lines": [ 0.614235, 0.606969, 0.576284, 0.550262 ] }, { "date": "2025-10-24", "close": 0.626209, "volume": 35733700, "typical_volume": 41511648.7, "trend": 0.525888, "fair_value": 0.521683, "relative_strength": 9.776629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.839589, "energy": 66.791674, "activity_lines": [ 0.619413, 0.612352, 0.583888, 0.557049 ] }, { "date": "2025-10-31", "close": 0.621355, "volume": 31284800, "typical_volume": 41881378.7, "trend": 0.530454, "fair_value": 0.522105, "relative_strength": 8.897066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.081129, "energy": 61.052733, "activity_lines": [ 0.621355, 0.61553, 0.59022, 0.563208 ] }, { "date": "2025-11-07", "close": 0.611646, "volume": 83565000, "typical_volume": 44959268.7, "trend": 0.535323, "fair_value": 0.522337, "relative_strength": 5.70436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.473115, "energy": 55.089079, "activity_lines": [ 0.618119, 0.615883, 0.594885, 0.568446 ] }, { "date": "2025-11-14", "close": 0.619633, "volume": 109521200, "typical_volume": 48964003.7, "trend": 0.540145, "fair_value": 0.522697, "relative_strength": 5.791275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.725803, "energy": 52.968597, "activity_lines": [ 0.618516, 0.617158, 0.59966, 0.573886 ] }, { "date": "2025-11-21", "close": 0.594848, "volume": 103489900, "typical_volume": 52320320.55, "trend": 0.543827, "fair_value": 0.522771, "relative_strength": 3.312968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.990439, "energy": 35.983185, "activity_lines": [ 0.610442, 0.613429, 0.601476, 0.577415 ] }, { "date": "2025-11-28", "close": 0.614676, "volume": 105354300, "typical_volume": 56307970.55, "trend": 0.54817, "fair_value": 0.523099, "relative_strength": 5.466675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.522348, "energy": 31.612721, "activity_lines": [ 0.610421, 0.613787, 0.604698, 0.581986 ] }, { "date": "2025-12-05", "close": 0.614676, "volume": 102217090, "typical_volume": 59925920.05, "trend": 0.552984, "fair_value": 0.523376, "relative_strength": 5.269513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.536508, "energy": 30.310809, "activity_lines": [ 0.611169, 0.613914, 0.607345, 0.586277 ] }, { "date": "2025-12-12", "close": 0.604762, "volume": 82350000, "typical_volume": 61938055.05, "trend": 0.557623, "fair_value": 0.52364, "relative_strength": 2.335414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.734277, "energy": 24.579372, "activity_lines": [ 0.609058, 0.61183, 0.60854, 0.589617 ] }, { "date": "2025-12-19", "close": 0.609719, "volume": 43559000, "typical_volume": 63065775.05, "trend": 0.563055, "fair_value": 0.523987, "relative_strength": 3.508547, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.125801, "energy": 26.960782, "activity_lines": [ 0.609058, 0.611037, 0.60979, 0.592978 ] }, { "date": "2025-12-26", "close": 0.614676, "volume": 17108100, "typical_volume": 61056760.05, "trend": 0.568652, "fair_value": 0.524341, "relative_strength": 2.855325, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.011359, "energy": 30.065003, "activity_lines": [ 0.611371, 0.611268, 0.611072, 0.596308 ] }, { "date": "2026-01-02", "close": 0.619633, "volume": 10785500, "typical_volume": 59492025.05, "trend": 0.574101, "fair_value": 0.524879, "relative_strength": 3.252157, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.877738, "energy": 29.765955, "activity_lines": [ 0.614015, 0.612434, 0.612474, 0.599598 ] }, { "date": "2026-01-09", "close": 0.619633, "volume": 38967300, "typical_volume": 60505320.05, "trend": 0.579237, "fair_value": 0.525442, "relative_strength": 1.338766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.701341, "energy": 35.077742, "activity_lines": [ 0.616328, 0.61372, 0.613561, 0.602535 ] }, { "date": "2026-01-16", "close": 0.62459, "volume": 30088300, "typical_volume": 57444710.05, "trend": 0.584224, "fair_value": 0.52591, "relative_strength": -0.033237, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.006352, "energy": 38.723848, "activity_lines": [ 0.619963, 0.615938, 0.61485, 0.605461 ] }, { "date": "2026-01-23", "close": 0.644418, "volume": 60714400, "typical_volume": 58825620.05, "trend": 0.589245, "fair_value": 0.526301, "relative_strength": 2.241862, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.342647, "energy": 59.655045, "activity_lines": [ 0.628886, 0.621526, 0.617828, 0.609345 ] }, { "date": "2026-01-30", "close": 0.634504, "volume": 62292055, "typical_volume": 59349162.8, "trend": 0.593935, "fair_value": 0.526604, "relative_strength": 0.409981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.633117, "energy": 54.002593, "activity_lines": [ 0.632191, 0.62486, 0.619613, 0.612265 ] }, { "date": "2026-02-06", "close": 0.629547, "volume": 27374900, "typical_volume": 58262392.8, "trend": 0.598461, "fair_value": 0.526849, "relative_strength": -1.007693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.715364, "energy": 50.841623, "activity_lines": [ 0.632521, 0.626573, 0.620864, 0.614562 ] }, { "date": "2026-02-13", "close": 0.619633, "volume": 85547200, "typical_volume": 60097827.25, "trend": 0.602185, "fair_value": 0.527164, "relative_strength": -2.676554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.733163, "energy": 35.556548, "activity_lines": [ 0.628886, 0.626212, 0.621039, 0.615928 ] }, { "date": "2026-02-20", "close": 0.609719, "volume": 91971100, "typical_volume": 61854247.25, "trend": 0.605266, "fair_value": 0.527388, "relative_strength": -5.74955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.925825, "energy": 14.244339, "activity_lines": [ 0.621946, 0.623959, 0.620139, 0.616414 ] }, { "date": "2026-02-27", "close": 0.575, "volume": 169075298, "typical_volume": 66837737.15, "trend": 0.607189, "fair_value": 0.527522, "relative_strength": -10.624725, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.760132, "energy": 28.532052, "activity_lines": [ 0.604425, 0.615303, 0.616011, 0.614461 ] }, { "date": "2026-03-06", "close": 0.555, "volume": 120120206, "typical_volume": 70555967.45, "trend": 0.607662, "fair_value": 0.52758, "relative_strength": -11.093687, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -54.039757, "energy": 57.648469, "activity_lines": [ 0.584865, 0.603642, 0.610175, 0.611094 ] }, { "date": "2026-03-13", "close": 0.555, "volume": 58921500, "typical_volume": 71715357.45, "trend": 0.607715, "fair_value": 0.527559, "relative_strength": -10.845, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -79.360175, "energy": 84.056752, "activity_lines": [ 0.570605, 0.593066, 0.604633, 0.607697 ] }, { "date": "2026-03-20", "close": 0.575, "volume": 135664200, "typical_volume": 76934327.45, "trend": 0.608112, "fair_value": 0.527667, "relative_strength": -9.540942, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.500831, "energy": 78.594167, "activity_lines": [ 0.567981, 0.587302, 0.601335, 0.605586 ] }, { "date": "2026-03-27", "close": 0.54, "volume": 148430700, "typical_volume": 80177612.45, "trend": 0.606695, "fair_value": 0.52755, "relative_strength": -14.03275, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.788354, "energy": 84.133276, "activity_lines": [ 0.556667, 0.575985, 0.594924, 0.601192 ] }, { "date": "2026-04-03", "close": 0.535, "volume": 48795099, "typical_volume": 77141307.4, "trend": 0.604787, "fair_value": 0.527269, "relative_strength": -15.443558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.355103, "energy": 82.143666, "activity_lines": [ 0.548333, 0.565298, 0.588378, 0.596566 ] }, { "date": "2026-04-10", "close": 0.57, "volume": 184765195, "typical_volume": 81205072.15, "trend": 0.603075, "fair_value": 0.527134, "relative_strength": -10.421991, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.896587, "energy": 50.887019, "activity_lines": [ 0.554333, 0.562963, 0.585568, 0.594322 ] }, { "date": "2026-04-17", "close": 0.575, "volume": 45294500, "typical_volume": 78202082.15, "trend": 0.602177, "fair_value": 0.527163, "relative_strength": -9.618228, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.32625, "energy": 44.211689, "activity_lines": [ 0.561, 0.56271, 0.583353, 0.592511 ] }, { "date": "2026-04-24", "close": 0.565, "volume": 69512000, "typical_volume": 76566827.65, "trend": 0.60127, "fair_value": 0.527101, "relative_strength": -9.673323, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.681686, "energy": 33.037943, "activity_lines": [ 0.563, 0.561631, 0.580374, 0.590112 ] }, { "date": "2026-05-01", "close": 0.57, "volume": 39727700, "typical_volume": 74435712.65, "trend": 0.599396, "fair_value": 0.52715, "relative_strength": -8.547653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.66575, "energy": 22.730537, "activity_lines": [ 0.567333, 0.562455, 0.578108, 0.588095 ] }, { "date": "2026-05-08", "close": 0.57, "volume": 71832200, "typical_volume": 75849372.65, "trend": 0.597846, "fair_value": 0.527251, "relative_strength": -8.642395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.476142, "energy": 19.978258, "activity_lines": [ 0.569667, 0.564, 0.576008, 0.586198 ] }, { "date": "2026-05-15", "close": 0.565, "volume": 70523100, "typical_volume": 78520122.65, "trend": 0.596129, "fair_value": 0.527374, "relative_strength": -10.579114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.712618, "energy": 21.359328, "activity_lines": [ 0.568, 0.564727, 0.573621, 0.584079 ] }, { "date": "2026-05-22", "close": 0.565, "volume": 103230400, "typical_volume": 83142367.65, "trend": 0.594089, "fair_value": 0.527469, "relative_strength": -11.926155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.711451, "energy": 21.237335, "activity_lines": [ 0.566667, 0.565273, 0.57147, 0.582071 ] }, { "date": "2026-05-29", "close": 0.56, "volume": 75630100, "typical_volume": 84975507.65, "trend": 0.592044, "fair_value": 0.527533, "relative_strength": -12.133265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.118833, "energy": 29.141457, "activity_lines": [ 0.564333, 0.564727, 0.569103, 0.579872 ] }, { "date": "2026-06-05", "close": 0.55, "volume": 61661200, "typical_volume": 86554152.65, "trend": 0.589989, "fair_value": 0.527665, "relative_strength": -13.816932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.31543, "energy": 38.312202, "activity_lines": [ 0.559, 0.562636, 0.566068, 0.577159 ] }, { "date": "2026-06-12", "close": 0.575, "volume": 13673900, "typical_volume": 84202127.65, "trend": 0.588501, "fair_value": 0.527825, "relative_strength": -9.402702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.989691, "energy": 27.826735, "activity_lines": [ 0.563333, 0.564909, 0.565768, 0.576192 ] }, { "date": "2026-06-19", "close": 0.58, "volume": 46043400, "typical_volume": 83389694.9, "trend": 0.588006, "fair_value": 0.528096, "relative_strength": -11.408957, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.400186, "energy": 12.808965, "activity_lines": [ 0.569, 0.567364, 0.566276, 0.575644 ] }, { "date": "2026-06-26", "close": 0.575, "volume": 13723300, "typical_volume": 82707114.9, "trend": 0.586684, "fair_value": 0.528308, "relative_strength": -11.971695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.641908, "energy": 11.753757, "activity_lines": [ 0.572, 0.568727, 0.566567, 0.574805 ] }, { "date": "2026-07-03", "close": 0.575, "volume": 7576700, "typical_volume": 78808589.9, "trend": 0.585361, "fair_value": 0.528547, "relative_strength": -12.675288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.67408, "energy": 14.641531, "activity_lines": [ 0.574333, 0.570091, 0.567118, 0.574051 ] }, { "date": "2026-07-10", "close": 0.58, "volume": 36025100, "typical_volume": 76011289.9, "trend": 0.584536, "fair_value": 0.528713, "relative_strength": -15.348393, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.565047, "energy": 13.987884, "activity_lines": [ 0.577333, 0.572182, 0.568357, 0.573705 ] }, { "date": "2026-07-17", "close": 0.575, "volume": 37661900, "typical_volume": 69440620.0, "trend": 0.583378, "fair_value": 0.52882, "relative_strength": -16.473344, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.921975, "energy": 12.757278, "activity_lines": [ 0.576667, 0.573182, 0.569262, 0.57309 ] }, { "date": "2026-07-24", "close": 0.58, "volume": 47771300, "typical_volume": 65823174.7, "trend": 0.582223, "fair_value": 0.52896, "relative_strength": -16.710913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.249375, "energy": 10.075942, "activity_lines": [ 0.577667, 0.575, 0.570643, 0.572872 ] }, { "date": "2026-07-31", "close": 0.59, "volume": 45525100, "typical_volume": 65153354.7, "trend": 0.581235, "fair_value": 0.529216, "relative_strength": -15.622731, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.420823, "energy": 32.282303, "activity_lines": [ 0.582, 0.578364, 0.572857, 0.573373 ] }, { "date": "2026-08-07", "close": 0.585, "volume": 81495400, "typical_volume": 62444914.7, "trend": 0.58008, "fair_value": 0.529467, "relative_strength": -17.044783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.780652, "energy": 29.553738, "activity_lines": [ 0.583667, 0.580364, 0.574429, 0.573616 ] } ], "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." } } }