{ "ticker": { "uuid": "63514fae-0e42-4c42-8279-b2f57416447a", "symbol": "IVA", "name": "Inventiva Sa", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -26.122, "architecture_energy": 24.46, "architecture_maturity": 75.852, "architecture_confidence": 68.198, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 45.54, "rotation_up": 37.03, "upward_expansion": 21.58, "deceleration": 44.02, "rotation_down": 18.49, "downward_expansion": 53.25 }, "activity_lines": [ 4.589333, 4.323091, 4.470476, 4.782667 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 4.8, "trend_reference": 5.249667, "distance_from_trend": -0.085656, "trend_direction": "Weakening", "fair_value": 3.836318, "distance_from_fair_value": 0.2512, "fair_value_direction": "Weakening", "relative_strength": -18.386249, "relative_strength_direction": "Weakening", "price_momentum": -0.183673, "excess_performance": -0.371127, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.085656, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.01254, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.2512, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.162923, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.183862, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.114506, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.183673, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.200739, "read": "Demand-led" } ], "volume": { "latest": 3697175, "relative_activity": 0.986343, "balance": 1.200739, "dry_up": 1.116588, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.122837, "annualized_volatility": 0.522624, "from_high_reference": -0.398685, "from_low_reference": 0.432836 }, "levels": { "trend_reference": 5.249667, "fair_value_reference": 3.836318, "structural_low": 3.35, "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": 24, "median_return": -0.032506, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.020753, "regime_survival": 0.791667, "best_return": 0.465608, "worst_return": -0.286188, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.006897, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.014007, "regime_survival": 0.666667, "best_return": 0.669528, "worst_return": -0.512332, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.130989, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.111429, "regime_survival": 0.4, "best_return": 0.462406, "worst_return": -0.616402, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.169379, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.215533, "regime_survival": 0.0, "best_return": 0.196923, "worst_return": -0.566155, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.122917, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": 0.303186, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-05-23", "tenure": "Developing", "return": -0.005048, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": 0.025015, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-06-27", "tenure": "New", "return": -0.072948, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-08-15", "tenure": "Developing", "return": 0.448505, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-07", "tenure": "Developing", "return": -0.103911, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2026-01-16", "tenure": "Developing", "return": 0.6275, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-13", "tenure": "Developing", "return": -0.162238, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-01", "tenure": "Developing", "return": -0.140138, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": 0.013035, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": -0.205128, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": -0.072727, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.407625, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3.53, "volume": 56359, "typical_volume": 509556.3, "trend": 4.107353, "fair_value": 9.693112, "relative_strength": -31.919708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.886894, "energy": 18.805245, "activity_lines": [ 3.824, 3.949818, 3.810889, 3.817577 ] }, { "date": "2023-08-25", "close": 3.41, "volume": 77039, "typical_volume": 509454.35, "trend": 4.019353, "fair_value": 9.638047, "relative_strength": -34.787307, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.649541, "energy": 22.429596, "activity_lines": [ 3.662, 3.827455, 3.794456, 3.772587 ] }, { "date": "2023-09-01", "close": 3.66, "volume": 226111, "typical_volume": 516468.45, "trend": 3.93802, "fair_value": 9.586637, "relative_strength": -32.053362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.803918, "energy": 25.679015, "activity_lines": [ 3.622667, 3.777273, 3.801405, 3.749403 ] }, { "date": "2023-09-08", "close": 3.54, "volume": 44813, "typical_volume": 514010.4, "trend": 3.840353, "fair_value": 9.533688, "relative_strength": -33.068078, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.089217, "energy": 30.968139, "activity_lines": [ 3.568, 3.716, 3.793952, 3.723724 ] }, { "date": "2023-09-15", "close": 3.7, "volume": 48179, "typical_volume": 510509.2, "trend": 3.758687, "fair_value": 9.484073, "relative_strength": -29.331187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.023631, "energy": 27.072077, "activity_lines": [ 3.599333, 3.692909, 3.797548, 3.714669 ] }, { "date": "2023-09-22", "close": 4.38, "volume": 204528, "typical_volume": 508390.65, "trend": 3.736353, "fair_value": 9.439842, "relative_strength": -13.207623, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.720548, "energy": 21.632443, "activity_lines": [ 3.87, 3.797455, 3.861238, 3.754754 ] }, { "date": "2023-09-29", "close": 4.2, "volume": 46201, "typical_volume": 505596.25, "trend": 3.71236, "fair_value": 9.389842, "relative_strength": -16.50576, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.519824, "energy": 34.036517, "activity_lines": [ 4.024, 3.867091, 3.900524, 3.784666 ] }, { "date": "2023-10-06", "close": 4.25, "volume": 71975, "typical_volume": 503413.65, "trend": 3.700693, "fair_value": 9.332214, "relative_strength": -15.293151, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.49028, "energy": 47.486312, "activity_lines": [ 4.142, 3.942182, 3.937571, 3.819353 ] }, { "date": "2023-10-13", "close": 4.0, "volume": 29375, "typical_volume": 500761.35, "trend": 3.682027, "fair_value": 9.26574, "relative_strength": -19.205796, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.604957, "energy": 43.814196, "activity_lines": [ 4.137333, 3.967818, 3.945714, 3.838663 ] }, { "date": "2023-10-20", "close": 3.79, "volume": 105318, "typical_volume": 471001.55, "trend": 3.674027, "fair_value": 9.200612, "relative_strength": -19.6939, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.867864, "energy": 29.959481, "activity_lines": [ 4.032, 3.955818, 3.928238, 3.845629 ] }, { "date": "2023-10-27", "close": 3.7, "volume": 46166, "typical_volume": 456387.25, "trend": 3.676027, "fair_value": 9.141637, "relative_strength": -18.28822, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.669453, "energy": 9.432455, "activity_lines": [ 3.890667, 3.929273, 3.903095, 3.847305 ] }, { "date": "2023-11-03", "close": 3.9, "volume": 25195, "typical_volume": 113004.45, "trend": 3.69536, "fair_value": 9.081509, "relative_strength": -18.489818, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.675093, "energy": 14.50507, "activity_lines": [ 3.861333, 3.936, 3.896143, 3.861754 ] }, { "date": "2023-11-10", "close": 3.69, "volume": 12535, "typical_volume": 97155.5, "trend": 3.717167, "fair_value": 9.016124, "relative_strength": -24.47765, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.81664, "energy": 14.238368, "activity_lines": [ 3.782, 3.895636, 3.873857, 3.861409 ] }, { "date": "2023-11-17", "close": 3.94, "volume": 27582, "typical_volume": 87907.75, "trend": 3.759833, "fair_value": 8.955355, "relative_strength": -20.328638, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.678157, "energy": 13.793983, "activity_lines": [ 3.823333, 3.900182, 3.878048, 3.875785 ] }, { "date": "2023-11-24", "close": 3.93, "volume": 23700, "typical_volume": 79726.35, "trend": 3.800167, "fair_value": 8.897535, "relative_strength": -20.874226, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.917577, "energy": 7.443168, "activity_lines": [ 3.865333, 3.895636, 3.881762, 3.886763 ] }, { "date": "2023-12-01", "close": 4.32, "volume": 30709, "typical_volume": 75120.05, "trend": 3.849, "fair_value": 8.845868, "relative_strength": -12.591294, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.123415, "energy": 29.593739, "activity_lines": [ 4.028, 3.957818, 3.922571, 3.920301 ] }, { "date": "2023-12-08", "close": 4.55, "volume": 30805, "typical_volume": 71792.55, "trend": 3.909667, "fair_value": 8.798112, "relative_strength": -7.987635, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.243515, "energy": 54.817786, "activity_lines": [ 4.226, 4.062909, 3.985, 3.965527 ] }, { "date": "2023-12-15", "close": 4.16, "volume": 47609, "typical_volume": 62850.8, "trend": 3.942333, "fair_value": 8.746317, "relative_strength": -17.974233, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.939676, "energy": 52.15114, "activity_lines": [ 4.250667, 4.090727, 4.007667, 3.981677 ] }, { "date": "2023-12-22", "close": 4.52, "volume": 78666, "typical_volume": 63410.6, "trend": 3.999, "fair_value": 8.69324, "relative_strength": -10.938311, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.477181, "energy": 65.356685, "activity_lines": [ 4.364, 4.185636, 4.064, 4.018946 ] }, { "date": "2023-12-29", "close": 4.516, "volume": 77623, "typical_volume": 65524.4, "trend": 4.016867, "fair_value": 8.62924, "relative_strength": -10.503364, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.117698, "energy": 66.133667, "activity_lines": [ 4.437333, 4.270364, 4.117619, 4.052301 ] }, { "date": "2024-01-05", "close": 4.56, "volume": 55680, "typical_volume": 65490.45, "trend": 4.051533, "fair_value": 8.562958, "relative_strength": -5.7382, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.111733, "energy": 59.562726, "activity_lines": [ 4.486267, 4.349891, 4.172448, 4.087342 ] }, { "date": "2024-01-12", "close": 4.43, "volume": 86958, "typical_volume": 65986.4, "trend": 4.036533, "fair_value": 8.489624, "relative_strength": -9.743103, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.827419, "energy": 53.007481, "activity_lines": [ 4.475867, 4.390145, 4.20999, 4.111759 ] }, { "date": "2024-01-19", "close": 3.83, "volume": 51895, "typical_volume": 57275.6, "trend": 4.022533, "fair_value": 8.398791, "relative_strength": -22.550104, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.523635, "energy": 16.905075, "activity_lines": [ 4.273467, 4.311673, 4.185533, 4.098434 ] }, { "date": "2024-01-26", "close": 3.81, "volume": 64550, "typical_volume": 58262.45, "trend": 4.014867, "fair_value": 8.328919, "relative_strength": -21.953347, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.628324, "energy": 13.068292, "activity_lines": [ 4.0864, 4.227018, 4.158362, 4.084723 ] }, { "date": "2024-02-02", "close": 3.7, "volume": 66274, "typical_volume": 59167.2, "trend": 4.007533, "fair_value": 8.239688, "relative_strength": -23.667968, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -13.574428, "energy": 23.145318, "activity_lines": [ 3.91, 4.124727, 4.119429, 4.064409 ] }, { "date": "2024-02-09", "close": 3.5, "volume": 41883, "typical_volume": 51034.95, "trend": 3.9822, "fair_value": 8.154112, "relative_strength": -27.426489, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -32.855019, "energy": 37.883509, "activity_lines": [ 3.721333, 3.990255, 4.061448, 4.031665 ] }, { "date": "2024-02-16", "close": 3.31, "volume": 269136, "typical_volume": 62181.7, "trend": 3.9592, "fair_value": 8.070137, "relative_strength": -28.734273, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.677259, "energy": 57.400209, "activity_lines": [ 3.54, 3.836145, 3.989562, 3.988297 ] }, { "date": "2024-02-23", "close": 3.42, "volume": 130357, "typical_volume": 65100.8, "trend": 3.938867, "fair_value": 7.995906, "relative_strength": -26.149877, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.721121, "energy": 61.349406, "activity_lines": [ 3.47, 3.724582, 3.93239, 3.95351 ] }, { "date": "2024-03-01", "close": 4.0424, "volume": 151483, "typical_volume": 71206.2, "trend": 3.93928, "fair_value": 7.930794, "relative_strength": -13.266377, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.469881, "energy": 37.229165, "activity_lines": [ 3.6348, 3.739636, 3.938448, 3.960189 ] }, { "date": "2024-03-08", "close": 3.865, "volume": 199060, "typical_volume": 75893.3, "trend": 3.938447, "fair_value": 7.870217, "relative_strength": -14.690984, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.671746, "energy": 19.6374, "activity_lines": [ 3.724973, 3.73112, 3.927408, 3.955397 ] }, { "date": "2024-03-15", "close": 4.2, "volume": 284720, "typical_volume": 87821.0, "trend": 3.96078, "fair_value": 7.816691, "relative_strength": -5.261481, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.88784, "energy": 10.354184, "activity_lines": [ 3.915813, 3.795349, 3.947915, 3.972271 ] }, { "date": "2024-03-22", "close": 3.84, "volume": 691787, "typical_volume": 121150.6, "trend": 3.975113, "fair_value": 7.750088, "relative_strength": -15.201136, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.908519, "energy": 19.745183, "activity_lines": [ 3.939987, 3.800669, 3.931756, 3.964479 ] }, { "date": "2024-03-29", "close": 3.62, "volume": 228744, "typical_volume": 131961.05, "trend": 3.97378, "fair_value": 7.680665, "relative_strength": -19.132238, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.111383, "energy": 18.162652, "activity_lines": [ 3.855493, 3.776716, 3.89493, 3.941569 ] }, { "date": "2024-04-05", "close": 3.78, "volume": 121939, "typical_volume": 136678.9, "trend": 3.98178, "fair_value": 7.612342, "relative_strength": -14.565383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.254245, "energy": 13.800771, "activity_lines": [ 3.811, 3.785673, 3.873676, 3.929067 ] }, { "date": "2024-04-12", "close": 3.55, "volume": 180322, "typical_volume": 144510.0, "trend": 3.97678, "fair_value": 7.549586, "relative_strength": -19.129875, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.182606, "energy": 27.994418, "activity_lines": [ 3.707333, 3.753356, 3.831279, 3.90121 ] }, { "date": "2024-04-19", "close": 3.33, "volume": 126498, "typical_volume": 149299.45, "trend": 3.94178, "fair_value": 7.487599, "relative_strength": -19.754634, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.468736, "energy": 48.137726, "activity_lines": [ 3.551333, 3.683767, 3.769739, 3.859482 ] }, { "date": "2024-04-26", "close": 3.25, "volume": 80669, "typical_volume": 151792.65, "trend": 3.910113, "fair_value": 7.422374, "relative_strength": -24.515905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.416851, "energy": 56.434097, "activity_lines": [ 3.426667, 3.602724, 3.705294, 3.814851 ] }, { "date": "2024-05-03", "close": 3.3, "volume": 34053, "typical_volume": 151114.85, "trend": 3.878447, "fair_value": 7.351221, "relative_strength": -23.949393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.981777, "energy": 59.961475, "activity_lines": [ 3.358, 3.531862, 3.651802, 3.775489 ] }, { "date": "2024-05-10", "close": 3.38, "volume": 84712, "typical_volume": 151417.15, "trend": 3.85778, "fair_value": 7.281862, "relative_strength": -23.145162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.447369, "energy": 55.151719, "activity_lines": [ 3.337333, 3.477727, 3.610024, 3.743331 ] }, { "date": "2024-05-17", "close": 3.7941, "volume": 32663, "typical_volume": 149169.15, "trend": 3.857917, "fair_value": 7.21099, "relative_strength": -15.399427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.294625, "energy": 29.120019, "activity_lines": [ 3.481367, 3.510927, 3.613112, 3.739223 ] }, { "date": "2024-05-24", "close": 3.465, "volume": 41192, "typical_volume": 148444.75, "trend": 3.850083, "fair_value": 7.145638, "relative_strength": -23.696018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.30491, "energy": 21.699063, "activity_lines": [ 3.499427, 3.48558, 3.588296, 3.713873 ] }, { "date": "2024-05-31", "close": 3.67, "volume": 24441, "typical_volume": 145318.9, "trend": 3.842417, "fair_value": 7.081022, "relative_strength": -17.377966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.01762, "energy": 16.152076, "activity_lines": [ 3.57682, 3.510869, 3.588217, 3.702255 ] }, { "date": "2024-06-07", "close": 3.54, "volume": 29408, "typical_volume": 144194.55, "trend": 3.837417, "fair_value": 7.003266, "relative_strength": -22.056089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.035409, "energy": 17.065012, "activity_lines": [ 3.58288, 3.515613, 3.579377, 3.682744 ] }, { "date": "2024-06-14", "close": 2.97, "volume": 151370, "typical_volume": 148535.55, "trend": 3.805083, "fair_value": 6.929163, "relative_strength": -35.922647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.442882, "energy": 34.088481, "activity_lines": [ 3.38294, 3.418175, 3.517631, 3.626782 ] }, { "date": "2024-06-21", "close": 2.67, "volume": 59660, "typical_volume": 148204.85, "trend": 3.763083, "fair_value": 6.858458, "relative_strength": -41.793562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.394847, "energy": 69.290954, "activity_lines": [ 3.110333, 3.280918, 3.431315, 3.553551 ] }, { "date": "2024-06-28", "close": 2.99, "volume": 58309, "typical_volume": 149026.15, "trend": 3.71875, "fair_value": 6.786279, "relative_strength": -34.145279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.352062, "energy": 68.544679, "activity_lines": [ 3.019333, 3.217844, 3.380379, 3.503674 ] }, { "date": "2024-07-05", "close": 2.9501, "volume": 13868, "typical_volume": 136262.75, "trend": 3.66542, "fair_value": 6.715446, "relative_strength": -36.635661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.746641, "energy": 71.401794, "activity_lines": [ 2.9467, 3.153696, 3.328072, 3.454084 ] }, { "date": "2024-07-12", "close": 2.68, "volume": 102499, "typical_volume": 134869.85, "trend": 3.616087, "fair_value": 6.640638, "relative_strength": -41.574796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.153848, "energy": 75.396503, "activity_lines": [ 2.832027, 3.045893, 3.251755, 3.390509 ] }, { "date": "2024-07-19", "close": 2.6, "volume": 43433, "typical_volume": 129467.35, "trend": 3.552087, "fair_value": 6.568458, "relative_strength": -40.333561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.84984, "energy": 67.469258, "activity_lines": [ 2.74802, 2.934816, 3.171342, 3.324955 ] }, { "date": "2024-07-26", "close": 2.28, "volume": 112022, "typical_volume": 125115.45, "trend": 3.477553, "fair_value": 6.49692, "relative_strength": -45.64555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.738141, "energy": 77.058785, "activity_lines": [ 2.582013, 2.77974, 3.067322, 3.242885 ] }, { "date": "2024-08-02", "close": 2.27, "volume": 32604, "typical_volume": 112509.65, "trend": 3.40122, "fair_value": 6.439612, "relative_strength": -43.467358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.404596, "energy": 79.290832, "activity_lines": [ 2.438673, 2.650375, 2.969898, 3.164978 ] }, { "date": "2024-08-09", "close": 2.11, "volume": 36561, "typical_volume": 79748.35, "trend": 3.323887, "fair_value": 6.383266, "relative_strength": -46.960602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.043778, "energy": 83.994194, "activity_lines": [ 2.29, 2.513645, 2.866425, 3.081673 ] }, { "date": "2024-08-16", "close": 2.2, "volume": 21718, "typical_volume": 69397.05, "trend": 3.269553, "fair_value": 6.328106, "relative_strength": -46.953058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.886534, "energy": 82.964058, "activity_lines": [ 2.227333, 2.421644, 2.779762, 3.009165 ] }, { "date": "2024-08-23", "close": 2.4, "volume": 25739, "typical_volume": 64587.05, "trend": 3.222553, "fair_value": 6.262972, "relative_strength": -42.165161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.678475, "energy": 71.517353, "activity_lines": [ 2.263333, 2.390369, 2.718909, 2.953064 ] }, { "date": "2024-08-30", "close": 2.265, "volume": 12627, "typical_volume": 56202.3, "trend": 3.17472, "fair_value": 6.18903, "relative_strength": -44.371679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.454634, "energy": 55.647997, "activity_lines": [ 2.267667, 2.344913, 2.65177, 2.891287 ] }, { "date": "2024-09-06", "close": 2.2, "volume": 19439, "typical_volume": 50849.35, "trend": 3.131387, "fair_value": 6.113389, "relative_strength": -42.038791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.303561, "energy": 50.339619, "activity_lines": [ 2.251333, 2.295002, 2.58456, 2.828402 ] }, { "date": "2024-09-13", "close": 2.24, "volume": 15173, "typical_volume": 47574.55, "trend": 3.09572, "fair_value": 6.038646, "relative_strength": -43.609786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.239676, "energy": 47.770455, "activity_lines": [ 2.253, 2.266727, 2.52654, 2.770893 ] }, { "date": "2024-09-20", "close": 2.05, "volume": 36448, "typical_volume": 47694.3, "trend": 3.050053, "fair_value": 5.959928, "relative_strength": -48.192049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.436289, "energy": 55.044071, "activity_lines": [ 2.182667, 2.216818, 2.455234, 2.703427 ] }, { "date": "2024-09-27", "close": 1.84, "volume": 87802, "typical_volume": 47848.8, "trend": 2.97664, "fair_value": 5.880825, "relative_strength": -53.094312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.42904, "energy": 61.222058, "activity_lines": [ 2.052333, 2.140182, 2.36988, 2.625359 ] }, { "date": "2024-10-04", "close": 1.8715, "volume": 77874, "typical_volume": 50109.35, "trend": 2.91019, "fair_value": 5.810578, "relative_strength": -51.432389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.396506, "energy": 72.382225, "activity_lines": [ 1.969833, 2.083091, 2.29486, 2.55406 ] }, { "date": "2024-10-11", "close": 1.89, "volume": 86671, "typical_volume": 52383.3, "trend": 2.83319, "fair_value": 5.736796, "relative_strength": -50.689962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.038394, "energy": 73.397899, "activity_lines": [ 1.919733, 2.036791, 2.230758, 2.488241 ] }, { "date": "2024-10-18", "close": 2.63, "volume": 12221671, "typical_volume": 662244.8, "trend": 2.792857, "fair_value": 5.662373, "relative_strength": -30.602503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.080722, "energy": 33.198653, "activity_lines": [ 2.136967, 2.131945, 2.244631, 2.475132 ] }, { "date": "2024-10-25", "close": 2.66, "volume": 380871, "typical_volume": 679817.95, "trend": 2.760857, "fair_value": 5.579104, "relative_strength": -28.965649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.98047, "energy": 15.739825, "activity_lines": [ 2.3382, 2.2231, 2.266314, 2.46656 ] }, { "date": "2024-11-01", "close": 2.75, "volume": 251182, "typical_volume": 684808.55, "trend": 2.726523, "fair_value": 5.504745, "relative_strength": -24.404926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.973341, "energy": 22.536582, "activity_lines": [ 2.528767, 2.322255, 2.300759, 2.46586 ] }, { "date": "2024-11-08", "close": 2.77, "volume": 96804, "typical_volume": 686665.75, "trend": 2.700523, "fair_value": 5.433719, "relative_strength": -26.977199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.698838, "energy": 31.833186, "activity_lines": [ 2.665333, 2.418682, 2.338156, 2.468665 ] }, { "date": "2024-11-15", "close": 2.72, "volume": 84114, "typical_volume": 687956.0, "trend": 2.68019, "fair_value": 5.36654, "relative_strength": -24.817869, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.488709, "energy": 37.004604, "activity_lines": [ 2.725333, 2.496836, 2.370315, 2.469922 ] }, { "date": "2024-11-22", "close": 2.615, "volume": 76472, "typical_volume": 691086.2, "trend": 2.659023, "fair_value": 5.297533, "relative_strength": -28.090853, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.437999, "energy": 37.59705, "activity_lines": [ 2.695, 2.546445, 2.39376, 2.465716 ] }, { "date": "2024-11-29", "close": 2.65, "volume": 66210, "typical_volume": 689271.75, "trend": 2.637357, "fair_value": 5.224745, "relative_strength": -26.522588, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.270231, "energy": 27.471684, "activity_lines": [ 2.677333, 2.5956, 2.422133, 2.465134 ] }, { "date": "2024-12-06", "close": 2.65, "volume": 25484, "typical_volume": 688374.3, "trend": 2.613023, "fair_value": 5.152822, "relative_strength": -27.549723, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.399318, "energy": 18.791848, "activity_lines": [ 2.660333, 2.633845, 2.45065, 2.465949 ] }, { "date": "2024-12-13", "close": 2.45, "volume": 21701, "typical_volume": 683858.25, "trend": 2.56822, "fair_value": 5.078976, "relative_strength": -32.460528, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.596513, "energy": 8.575057, "activity_lines": [ 2.583333, 2.621, 2.459881, 2.455432 ] }, { "date": "2024-12-20", "close": 2.35, "volume": 54496, "typical_volume": 684952.85, "trend": 2.531053, "fair_value": 5.006155, "relative_strength": -32.483055, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -6.167857, "energy": 8.92545, "activity_lines": [ 2.494333, 2.579455, 2.458779, 2.441353 ] }, { "date": "2024-12-27", "close": 2.2001, "volume": 36008, "typical_volume": 684925.2, "trend": 2.482057, "fair_value": 4.932694, "relative_strength": -36.103265, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.342397, "energy": 21.864913, "activity_lines": [ 2.380033, 2.502291, 2.443019, 2.420001 ] }, { "date": "2025-01-03", "close": 2.16, "volume": 46238, "typical_volume": 686151.2, "trend": 2.436057, "fair_value": 4.864361, "relative_strength": -35.391749, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.775949, "energy": 34.942991, "activity_lines": [ 2.280027, 2.425653, 2.423011, 2.399223 ] }, { "date": "2025-01-10", "close": 2.17, "volume": 17499, "typical_volume": 685739.2, "trend": 2.40939, "fair_value": 4.796796, "relative_strength": -32.301768, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.065337, "energy": 47.524103, "activity_lines": [ 2.21602, 2.359924, 2.404147, 2.382058 ] }, { "date": "2025-01-17", "close": 2.16, "volume": 15212, "typical_volume": 685868.45, "trend": 2.39239, "fair_value": 4.730129, "relative_strength": -33.479401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.869851, "energy": 63.274155, "activity_lines": [ 2.18068, 2.302922, 2.385425, 2.365969 ] }, { "date": "2025-01-24", "close": 2.33, "volume": 62799, "typical_volume": 688036.45, "trend": 2.37039, "fair_value": 4.668142, "relative_strength": -28.283864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -30.975308, "energy": 43.212237, "activity_lines": [ 2.22134, 2.28792, 2.383393, 2.361943 ] }, { "date": "2025-01-31", "close": 2.4255, "volume": 78135, "typical_volume": 691184.55, "trend": 2.352903, "fair_value": 4.599203, "relative_strength": -23.326169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -8.714008, "energy": 11.781012, "activity_lines": [ 2.295167, 2.297373, 2.389838, 2.365499 ] }, { "date": "2025-02-07", "close": 2.4325, "volume": 26182, "typical_volume": 690671.25, "trend": 2.344653, "fair_value": 4.527617, "relative_strength": -22.358395, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.760912, "energy": 8.366294, "activity_lines": [ 2.3563, 2.311544, 2.396066, 2.370634 ] }, { "date": "2025-02-14", "close": 2.51, "volume": 35798, "typical_volume": 688071.05, "trend": 2.341653, "fair_value": 4.464155, "relative_strength": -21.377557, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.405262, "energy": 26.638215, "activity_lines": [ 2.4251, 2.34376, 2.407854, 2.381302 ] }, { "date": "2025-02-21", "close": 2.84, "volume": 66081, "typical_volume": 687481.4, "trend": 2.36032, "fair_value": 4.404155, "relative_strength": -8.262798, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.791467, "energy": 43.648922, "activity_lines": [ 2.581233, 2.438522, 2.44788, 2.413453 ] }, { "date": "2025-02-28", "close": 3.17, "volume": 60927, "typical_volume": 686194.2, "trend": 2.39032, "fair_value": 4.351783, "relative_strength": 7.015448, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 86.396061, "energy": 79.992006, "activity_lines": [ 2.802033, 2.586193, 2.514722, 2.465691 ] }, { "date": "2025-03-07", "close": 3.11, "volume": 56941, "typical_volume": 77957.7, "trend": 2.423653, "fair_value": 4.299299, "relative_strength": 9.40068, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.437339, "energy": 81.335279, "activity_lines": [ 2.946833, 2.708045, 2.569755, 2.512122 ] }, { "date": "2025-03-14", "close": 2.98, "volume": 46043, "typical_volume": 61216.3, "trend": 2.449653, "fair_value": 4.246479, "relative_strength": 8.753582, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.224059, "energy": 77.084348, "activity_lines": [ 3.002667, 2.789718, 2.610121, 2.548015 ] }, { "date": "2025-03-21", "close": 2.82, "volume": 48182, "typical_volume": 51066.3, "trend": 2.463653, "fair_value": 4.193402, "relative_strength": 3.630844, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.249169, "energy": 68.923473, "activity_lines": [ 2.968667, 2.827391, 2.633725, 2.571908 ] }, { "date": "2025-03-28", "close": 2.9053, "volume": 14754, "typical_volume": 46963.8, "trend": 2.484997, "fair_value": 4.141353, "relative_strength": 10.064929, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.588747, "energy": 43.005836, "activity_lines": [ 2.942433, 2.868755, 2.66512, 2.600402 ] }, { "date": "2025-04-04", "close": 3.065, "volume": 136907, "typical_volume": 49603.45, "trend": 2.51383, "fair_value": 4.089141, "relative_strength": 29.437536, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.607664, "energy": 39.258339, "activity_lines": [ 2.96508, 2.925604, 2.71108, 2.637821 ] }, { "date": "2025-04-11", "close": 3.3567, "volume": 129856, "typical_volume": 52272.65, "trend": 2.551053, "fair_value": 4.041043, "relative_strength": 32.203535, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.881816, "energy": 44.830308, "activity_lines": [ 3.09196, 3.022125, 2.783178, 2.6922 ] }, { "date": "2025-04-18", "close": 3.36, "volume": 57832, "typical_volume": 51853.75, "trend": 2.59472, "fair_value": 3.996524, "relative_strength": 35.642575, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.122615, "energy": 47.77254, "activity_lines": [ 3.203493, 3.102316, 2.852059, 2.74439 ] }, { "date": "2025-04-25", "close": 3.89, "volume": 145610, "typical_volume": 57860.05, "trend": 2.663053, "fair_value": 3.961203, "relative_strength": 47.253274, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.322043, "energy": 75.51076, "activity_lines": [ 3.46636, 3.262007, 2.968034, 2.827956 ] }, { "date": "2025-05-02", "close": 3.3819, "volume": 89479, "typical_volume": 61248.95, "trend": 2.7134, "fair_value": 3.918987, "relative_strength": 24.05966, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.465904, "energy": 68.637489, "activity_lines": [ 3.488527, 3.304225, 3.029715, 2.874334 ] }, { "date": "2025-05-09", "close": 3.62, "volume": 90593, "typical_volume": 63053.8, "trend": 2.771067, "fair_value": 3.885776, "relative_strength": 33.15383, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.28599, "energy": 65.390132, "activity_lines": [ 3.558287, 3.379882, 3.109634, 2.932824 ] }, { "date": "2025-05-16", "close": 3.11, "volume": 62962, "typical_volume": 64401.5, "trend": 2.787067, "fair_value": 3.846096, "relative_strength": 7.963962, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.495946, "energy": 41.345214, "activity_lines": [ 3.421047, 3.354629, 3.134934, 2.954691 ] }, { "date": "2025-05-23", "close": 3.0943, "volume": 27693, "typical_volume": 63474.25, "trend": 2.801543, "fair_value": 3.807919, "relative_strength": 10.598615, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.632, "energy": 23.979806, "activity_lines": [ 3.29502, 3.326522, 3.154406, 2.974512 ] }, { "date": "2025-05-30", "close": 3.39, "volume": 71144, "typical_volume": 66156.5, "trend": 2.822877, "fair_value": 3.77247, "relative_strength": 19.559376, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.249655, "energy": 22.855105, "activity_lines": [ 3.285273, 3.3501, 3.19759, 3.012477 ] }, { "date": "2025-06-06", "close": 3.605, "volume": 330739, "typical_volume": 81932.85, "trend": 2.85071, "fair_value": 3.738848, "relative_strength": 24.93994, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.978185, "energy": 24.998018, "activity_lines": [ 3.380527, 3.402405, 3.255442, 3.062937 ] }, { "date": "2025-06-13", "close": 3.4748, "volume": 107045, "typical_volume": 84145.15, "trend": 2.87587, "fair_value": 3.717276, "relative_strength": 20.95089, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.747915, "energy": 26.569491, "activity_lines": [ 3.417507, 3.418316, 3.294012, 3.1032 ] }, { "date": "2025-06-20", "close": 3.29, "volume": 27552, "typical_volume": 81616.0, "trend": 2.89837, "fair_value": 3.696956, "relative_strength": 14.284315, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.431165, "energy": 29.214318, "activity_lines": [ 3.402567, 3.393176, 3.309531, 3.129918 ] }, { "date": "2025-06-27", "close": 3.05, "volume": 108718, "typical_volume": 85742.8, "trend": 2.911703, "fair_value": 3.679648, "relative_strength": 1.979555, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.150526, "energy": 17.020043, "activity_lines": [ 3.295627, 3.325613, 3.298077, 3.139701 ] }, { "date": "2025-07-04", "close": 3.01, "volume": 30149, "typical_volume": 85460.35, "trend": 2.923703, "fair_value": 3.660802, "relative_strength": -0.630176, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.107545, "energy": 9.985674, "activity_lines": [ 3.178307, 3.256413, 3.279872, 3.146043 ] }, { "date": "2025-07-11", "close": 3.349, "volume": 135410, "typical_volume": 88926.8, "trend": 2.95367, "fair_value": 3.648135, "relative_strength": 10.731004, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.910625, "energy": 13.621847, "activity_lines": [ 3.19932, 3.264849, 3.291572, 3.173481 ] }, { "date": "2025-07-18", "close": 3.3899, "volume": 31658, "typical_volume": 87463.35, "trend": 2.988333, "fair_value": 3.636949, "relative_strength": 10.46388, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.500579, "energy": 12.681003, "activity_lines": [ 3.251033, 3.28132, 3.304743, 3.201625 ] }, { "date": "2025-07-25", "close": 3.1665, "volume": 101548, "typical_volume": 89693.7, "trend": 3.020547, "fair_value": 3.626501, "relative_strength": 2.023986, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.738015, "energy": 7.119137, "activity_lines": [ 3.23394, 3.261356, 3.295591, 3.21312 ] }, { "date": "2025-08-01", "close": 3.22, "volume": 97778, "typical_volume": 92280.45, "trend": 3.05588, "fair_value": 3.617654, "relative_strength": 5.81736, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.690452, "energy": 8.912843, "activity_lines": [ 3.242913, 3.250093, 3.291266, 3.225988 ] }, { "date": "2025-08-08", "close": 3.58, "volume": 175881, "typical_volume": 98665.4, "trend": 3.10288, "fair_value": 3.60727, "relative_strength": 12.815056, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.973373, "energy": 20.814581, "activity_lines": [ 3.360553, 3.301998, 3.320083, 3.259802 ] }, { "date": "2025-08-15", "close": 4.36, "volume": 208202, "typical_volume": 108337.8, "trend": 3.176213, "fair_value": 3.604193, "relative_strength": 35.366545, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.003318, "energy": 60.65697, "activity_lines": [ 3.700193, 3.492267, 3.419567, 3.340906 ] }, { "date": "2025-08-22", "close": 4.475, "volume": 146667, "typical_volume": 108825.8, "trend": 3.247713, "fair_value": 3.603008, "relative_strength": 38.902692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.932914, "energy": 74.033088, "activity_lines": [ 4.010767, 3.689718, 3.523076, 3.424699 ] }, { "date": "2025-08-29", "close": 6.19, "volume": 607331, "typical_volume": 132699.55, "trend": 3.373197, "fair_value": 3.614803, "relative_strength": 88.753028, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.702503, "energy": 91.132611, "activity_lines": [ 4.820667, 4.180802, 3.783204, 3.614524 ] }, { "date": "2025-09-05", "close": 5.57, "volume": 424327, "typical_volume": 151024.3, "trend": 3.47778, "fair_value": 3.624803, "relative_strength": 65.554376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.059404, "energy": 90.411205, "activity_lines": [ 5.222333, 4.506431, 3.970792, 3.756253 ] }, { "date": "2025-09-12", "close": 5.61, "volume": 307040, "typical_volume": 159095.8, "trend": 3.581113, "fair_value": 3.635123, "relative_strength": 61.170532, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.787085, "energy": 89.836546, "activity_lines": [ 5.480667, 4.793515, 4.151667, 3.893816 ] }, { "date": "2025-09-19", "close": 5.65, "volume": 184834, "typical_volume": 163863.55, "trend": 3.67478, "fair_value": 3.646213, "relative_strength": 56.272392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.167741, "energy": 87.945703, "activity_lines": [ 5.617, 5.040598, 4.32816, 4.027292 ] }, { "date": "2025-09-26", "close": 6.05, "volume": 308487, "typical_volume": 174758.25, "trend": 3.77078, "fair_value": 3.659783, "relative_strength": 64.759172, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.49682, "energy": 82.29906, "activity_lines": [ 5.800667, 5.318573, 4.531948, 4.180532 ] }, { "date": "2025-10-03", "close": 6.53, "volume": 423715, "typical_volume": 192795.9, "trend": 3.88478, "fair_value": 3.656449, "relative_strength": 71.966892, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.380771, "energy": 71.037452, "activity_lines": [ 6.039333, 5.635455, 4.769879, 4.358547 ] }, { "date": "2025-10-10", "close": 4.55, "volume": 949297, "typical_volume": 238876.1, "trend": 3.937113, "fair_value": 3.649847, "relative_strength": 21.173012, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.485736, "energy": 49.293035, "activity_lines": [ 5.595333, 5.531182, 4.802953, 4.401464 ] }, { "date": "2025-10-17", "close": 4.85, "volume": 807974, "typical_volume": 275717.6, "trend": 4.00478, "fair_value": 3.639911, "relative_strength": 25.063053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.241387, "energy": 34.63298, "activity_lines": [ 5.319333, 5.457273, 4.857666, 4.46036 ] }, { "date": "2025-10-24", "close": 6.2, "volume": 514904, "typical_volume": 284925.85, "trend": 4.114603, "fair_value": 3.642219, "relative_strength": 54.314325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.920151, "energy": 37.067008, "activity_lines": [ 5.544, 5.605727, 5.033999, 4.601987 ] }, { "date": "2025-10-31", "close": 4.3, "volume": 5052493, "typical_volume": 532198.25, "trend": 4.15577, "fair_value": 3.643052, "relative_strength": 4.628385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.395826, "energy": 19.136737, "activity_lines": [ 5.098667, 5.375273, 5.017021, 4.613948 ] }, { "date": "2025-11-07", "close": 4.01, "volume": 403135, "typical_volume": 550977.4, "trend": 4.177547, "fair_value": 3.641385, "relative_strength": 0.322662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.641864, "energy": 14.429123, "activity_lines": [ 4.673333, 5.095273, 4.968496, 4.604544 ] }, { "date": "2025-11-14", "close": 4.0, "volume": 3671987, "typical_volume": 729140.85, "trend": 4.19888, "fair_value": 3.638885, "relative_strength": -0.094392, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.82241, "energy": 12.117541, "activity_lines": [ 4.412667, 4.853091, 4.915589, 4.593089 ] }, { "date": "2025-11-21", "close": 4.3, "volume": 892227, "typical_volume": 772244.75, "trend": 4.212547, "fair_value": 3.642411, "relative_strength": 10.145407, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.47109, "energy": 19.184937, "activity_lines": [ 4.288667, 4.694, 4.88673, 4.599613 ] }, { "date": "2025-11-28", "close": 4.25, "volume": 508048, "typical_volume": 790876.65, "trend": 4.241483, "fair_value": 3.641578, "relative_strength": 3.243609, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.89972, "energy": 22.070315, "activity_lines": [ 4.184667, 4.549636, 4.846966, 4.602029 ] }, { "date": "2025-12-05", "close": 4.13, "volume": 962256, "typical_volume": 837406.55, "trend": 4.258483, "fair_value": 3.641128, "relative_strength": -1.112131, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.94395, "energy": 27.743551, "activity_lines": [ 4.170667, 4.408909, 4.791483, 4.594837 ] }, { "date": "2025-12-12", "close": 4.46, "volume": 1057781, "typical_volume": 885218.2, "trend": 4.303483, "fair_value": 3.642955, "relative_strength": 8.036342, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.299986, "energy": 15.318553, "activity_lines": [ 4.278, 4.363091, 4.763905, 4.607838 ] }, { "date": "2025-12-19", "close": 4.21, "volume": 1718669, "typical_volume": 966262.75, "trend": 4.340673, "fair_value": 3.641417, "relative_strength": 0.760464, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.182905, "energy": 12.301144, "activity_lines": [ 4.272, 4.309455, 4.706357, 4.601807 ] }, { "date": "2025-12-26", "close": 4.48, "volume": 660379, "typical_volume": 990487.65, "trend": 4.377007, "fair_value": 3.641545, "relative_strength": 5.032512, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.286827, "energy": 4.934727, "activity_lines": [ 4.342, 4.311091, 4.66981, 4.610795 ] }, { "date": "2026-01-02", "close": 4.76, "volume": 888786, "typical_volume": 1024516.85, "trend": 4.415507, "fair_value": 3.640937, "relative_strength": 12.426008, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.10558, "energy": 6.413781, "activity_lines": [ 4.493333, 4.370364, 4.655643, 4.635505 ] }, { "date": "2026-01-09", "close": 4.83, "volume": 2445435, "typical_volume": 1139455.25, "trend": 4.46068, "fair_value": 3.633117, "relative_strength": 10.566964, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.999724, "energy": 12.892008, "activity_lines": [ 4.634, 4.468545, 4.646238, 4.662246 ] }, { "date": "2026-01-16", "close": 6.51, "volume": 3866318, "typical_volume": 1302404.6, "trend": 4.568013, "fair_value": 3.635745, "relative_strength": 47.742934, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.118828, "energy": 47.575647, "activity_lines": [ 5.288, 4.862545, 4.795143, 4.79446 ] }, { "date": "2026-01-23", "close": 7.15, "volume": 3840653, "typical_volume": 1473220.9, "trend": 4.70468, "fair_value": 3.642796, "relative_strength": 58.846187, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.361706, "energy": 77.270673, "activity_lines": [ 6.018667, 5.327455, 5.003476, 4.96104 ] }, { "date": "2026-01-30", "close": 6.16, "volume": 2445790, "typical_volume": 1580158.4, "trend": 4.80968, "fair_value": 3.643181, "relative_strength": 35.155556, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.79854, "energy": 79.515927, "activity_lines": [ 6.223333, 5.555091, 5.11, 5.054932 ] }, { "date": "2026-02-06", "close": 5.88, "volume": 1958982, "typical_volume": 1668865.8, "trend": 4.894047, "fair_value": 3.639399, "relative_strength": 29.90409, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.806194, "energy": 78.695602, "activity_lines": [ 6.222667, 5.698, 5.187238, 5.123985 ] }, { "date": "2026-02-13", "close": 6.17, "volume": 2693706, "typical_volume": 1788126.75, "trend": 4.986717, "fair_value": 3.639527, "relative_strength": 36.100395, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.416976, "energy": 74.296099, "activity_lines": [ 6.244, 5.864, 5.291, 5.206304 ] }, { "date": "2026-02-20", "close": 6.75, "volume": 1631244, "typical_volume": 1848503.2, "trend": 5.106167, "fair_value": 3.650424, "relative_strength": 45.111437, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.948275, "energy": 64.113849, "activity_lines": [ 6.369333, 6.098364, 5.449429, 5.320065 ] }, { "date": "2026-02-27", "close": 6.49, "volume": 1562204, "typical_volume": 1879148.55, "trend": 5.215167, "fair_value": 3.66049, "relative_strength": 38.333103, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.510359, "energy": 47.877397, "activity_lines": [ 6.392, 6.243818, 5.582048, 5.409344 ] }, { "date": "2026-03-06", "close": 6.13, "volume": 1668036, "typical_volume": 1922151.65, "trend": 5.300167, "fair_value": 3.670297, "relative_strength": 31.041531, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.959746, "energy": 43.319879, "activity_lines": [ 6.338667, 6.282364, 5.671143, 5.468366 ] }, { "date": "2026-03-13", "close": 5.99, "volume": 1343263, "typical_volume": 1963569.6, "trend": 5.3545, "fair_value": 3.679464, "relative_strength": 28.134502, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.388707, "energy": 34.553797, "activity_lines": [ 6.240667, 6.265455, 5.74081, 5.512871 ] }, { "date": "2026-03-20", "close": 5.78, "volume": 1071785, "typical_volume": 1764534.2, "trend": 5.398, "fair_value": 3.690682, "relative_strength": 24.888027, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.082939, "energy": 24.437095, "activity_lines": [ 6.065333, 6.188, 5.791476, 5.540323 ] }, { "date": "2026-03-27", "close": 5.72, "volume": 1029647, "typical_volume": 1795859.8, "trend": 5.382333, "fair_value": 3.704015, "relative_strength": 26.507265, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.616581, "energy": 20.160181, "activity_lines": [ 5.896, 6.082364, 5.829381, 5.561097 ] }, { "date": "2026-04-03", "close": 5.47, "volume": 2203734, "typical_volume": 1722447.15, "trend": 5.379, "fair_value": 3.717797, "relative_strength": 15.773737, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.920312, "energy": 18.681386, "activity_lines": [ 5.712, 5.945636, 5.835333, 5.566753 ] }, { "date": "2026-04-10", "close": 5.26, "volume": 2566838, "typical_volume": 1806177.7, "trend": 5.367333, "fair_value": 3.732055, "relative_strength": 6.275854, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.612917, "energy": 13.378878, "activity_lines": [ 5.526, 5.801273, 5.814286, 5.559075 ] }, { "date": "2026-04-17", "close": 5.67, "volume": 3835979, "typical_volume": 1972574.25, "trend": 5.368, "fair_value": 3.75135, "relative_strength": 7.599044, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.642384, "energy": 15.576599, "activity_lines": [ 5.534667, 5.747818, 5.827714, 5.578602 ] }, { "date": "2026-04-24", "close": 5.15, "volume": 986173, "typical_volume": 1973770.1, "trend": 5.338, "fair_value": 3.766927, "relative_strength": -4.261692, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.658113, "energy": 16.724265, "activity_lines": [ 5.391333, 5.603636, 5.784857, 5.564538 ] }, { "date": "2026-05-01", "close": 4.97, "volume": 812862, "typical_volume": 1961524.15, "trend": 5.286, "fair_value": 3.780485, "relative_strength": -9.107786, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.741784, "energy": 41.810688, "activity_lines": [ 5.23, 5.445273, 5.72, 5.540796 ] }, { "date": "2026-05-08", "close": 5.37, "volume": 1348309, "typical_volume": 1943006.15, "trend": 5.313333, "fair_value": 3.797408, "relative_strength": -6.935603, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.497601, "energy": 34.420385, "activity_lines": [ 5.252, 5.392, 5.69081, 5.546215 ] }, { "date": "2026-05-15", "close": 5.44, "volume": 1718603, "typical_volume": 1995917.35, "trend": 5.333, "fair_value": 3.811895, "relative_strength": -5.793554, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.321207, "energy": 26.309032, "activity_lines": [ 5.304, 5.371818, 5.662762, 5.554387 ] }, { "date": "2026-05-22", "close": 5.07, "volume": 987094, "typical_volume": 2000832.75, "trend": 5.295333, "fair_value": 3.826318, "relative_strength": -13.452107, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.505312, "energy": 22.291884, "activity_lines": [ 5.220667, 5.296909, 5.594905, 5.537419 ] }, { "date": "2026-05-29", "close": 4.93, "volume": 490724, "typical_volume": 1903097.2, "trend": 5.316333, "fair_value": 3.832408, "relative_strength": -18.233173, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.928333, "energy": 24.157327, "activity_lines": [ 5.130667, 5.213273, 5.512238, 5.513849 ] }, { "date": "2026-06-05", "close": 4.03, "volume": 7217875, "typical_volume": 2070675.05, "trend": 5.317, "fair_value": 3.835677, "relative_strength": -29.824274, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -53.264629, "energy": 53.973305, "activity_lines": [ 4.755333, 4.981455, 5.343381, 5.43086 ] }, { "date": "2026-06-12", "close": 3.85, "volume": 3773239, "typical_volume": 2067304.35, "trend": 5.312, "fair_value": 3.829074, "relative_strength": -34.272926, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.354133, "energy": 71.894458, "activity_lines": [ 4.382667, 4.747636, 5.16919, 5.336215 ] }, { "date": "2026-06-19", "close": 3.57, "volume": 5409210, "typical_volume": 2215475.35, "trend": 5.287667, "fair_value": 3.824715, "relative_strength": -40.435449, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.915819, "energy": 89.118813, "activity_lines": [ 4.018, 4.492364, 4.984048, 5.223828 ] }, { "date": "2026-06-26", "close": 3.41, "volume": 6940549, "typical_volume": 2464553.7, "trend": 5.259667, "fair_value": 3.820677, "relative_strength": -40.317158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.196531, "energy": 92.083759, "activity_lines": [ 3.724667, 4.238727, 4.796, 5.102688 ] }, { "date": "2026-07-03", "close": 3.91, "volume": 6843495, "typical_volume": 2672043.15, "trend": 5.252333, "fair_value": 3.820613, "relative_strength": -32.158846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.195835, "energy": 85.901941, "activity_lines": [ 3.708667, 4.117091, 4.667333, 5.015613 ] }, { "date": "2026-07-10", "close": 4.3, "volume": 12061495, "typical_volume": 3193555.7, "trend": 5.247, "fair_value": 3.820869, "relative_strength": -26.695569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.640813, "energy": 64.815764, "activity_lines": [ 3.890667, 4.088909, 4.586571, 4.954172 ] }, { "date": "2026-07-17", "close": 4.62, "volume": 4746986, "typical_volume": 3352794.8, "trend": 5.260667, "fair_value": 3.824844, "relative_strength": -17.935535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.536579, "energy": 40.234146, "activity_lines": [ 4.161333, 4.131091, 4.547952, 4.91372 ] }, { "date": "2026-07-24", "close": 4.46, "volume": 3437190, "typical_volume": 3441252.5, "trend": 5.26, "fair_value": 3.8276, "relative_strength": -19.665428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.436833, "energy": 25.284631, "activity_lines": [ 4.327333, 4.157818, 4.503, 4.862065 ] }, { "date": "2026-07-31", "close": 4.48, "volume": 4860186, "typical_volume": 3617098.65, "trend": 5.250667, "fair_value": 3.830485, "relative_strength": -19.874717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.362872, "energy": 26.984885, "activity_lines": [ 4.440667, 4.206, 4.467905, 4.811742 ] }, { "date": "2026-08-07", "close": 4.8, "volume": 3697175, "typical_volume": 3748368.15, "trend": 5.249667, "fair_value": 3.836318, "relative_strength": -18.386249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.122424, "energy": 24.45998, "activity_lines": [ 4.589333, 4.323091, 4.470476, 4.782667 ] } ], "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." } } }