{ "ticker": { "uuid": "6415da79-ac70-4e37-8dd9-1f05d69d5d1a", "symbol": "PCYO", "name": "Pure Cycle Corporation", "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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 67.953, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -32.58, "architecture_energy": 15.658, "architecture_maturity": 33.256, "architecture_confidence": 78.203, "architecture_tenure": "Established", "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": 50.53, "rotation_up": 17.39, "upward_expansion": 8.99, "deceleration": 53.19, "rotation_down": 46.28, "downward_expansion": 67.99 }, "activity_lines": [ 10.692667, 10.762, 10.788238, 10.784108 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 10.83, "trend_reference": 10.858833, "distance_from_trend": -0.002655, "trend_direction": "Weakening", "fair_value": 10.639808, "distance_from_fair_value": 0.017876, "fair_value_direction": "Weakening", "relative_strength": -13.49878, "relative_strength_direction": "Weakening", "price_momentum": -0.0287, "excess_performance": -0.216153, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.002655, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.012818, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.017876, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.070682, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.134988, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.026292, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.0287, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.150641, "read": "Demand-led" } ], "volume": { "latest": 389726, "relative_activity": 1.342622, "balance": 1.150641, "dry_up": 1.011373, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.072946, "annualized_volatility": 0.256154, "from_high_reference": -0.129421, "from_low_reference": 0.11592 }, "levels": { "trend_reference": 10.858833, "fair_value_reference": 10.639808, "structural_low": 9.705, "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": 20, "median_return": -0.004617, "positive_rate": 0.45, "directional_follow_through": 0.45, "median_excess_return": -0.03089, "regime_survival": 0.5, "best_return": 0.132888, "worst_return": -0.157895, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.011846, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.039188, "regime_survival": 0.4, "best_return": 0.304348, "worst_return": -0.090351, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.024479, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.104353, "regime_survival": 0.166667, "best_return": 0.334086, "worst_return": -0.222807, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.005797, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.080156, "regime_survival": 0.25, "best_return": 0.264648, "worst_return": -0.257322, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-03-14", "tenure": "Developing", "return": -0.151154, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.02521, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-27", "tenure": "Developing", "return": 0.057369, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": -0.12083, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2025-08-29", "tenure": "New", "return": 0.019173, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-09-12", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": -0.035996, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": -0.008101, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-14", "tenure": "New", "return": 0.009083, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2026-02-13", "tenure": "Established", "return": 0.017273, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": -0.049814, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": 0.00779, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.161094, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": -0.058261, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.82, "volume": 140082, "typical_volume": 296338.6, "trend": 10.147, "fair_value": 11.576538, "relative_strength": 3.547569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.575502, "energy": 58.423265, "activity_lines": [ 12.084, 11.848, 11.210476, 10.72871 ] }, { "date": "2023-08-25", "close": 11.16, "volume": 181393, "typical_volume": 292410.45, "trend": 10.211333, "fair_value": 11.586795, "relative_strength": -3.564285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.056583, "energy": 38.960073, "activity_lines": [ 11.741333, 11.765455, 11.256238, 10.794065 ] }, { "date": "2023-09-01", "close": 11.08, "volume": 245245, "typical_volume": 290310.0, "trend": 10.262333, "fair_value": 11.596218, "relative_strength": -7.492183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.050243, "energy": 25.116959, "activity_lines": [ 11.463333, 11.672, 11.285571, 10.850108 ] }, { "date": "2023-09-08", "close": 10.62, "volume": 207181, "typical_volume": 278954.65, "trend": 10.320333, "fair_value": 11.601282, "relative_strength": -9.949097, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.239545, "energy": 22.724478, "activity_lines": [ 11.112, 11.486545, 11.264095, 10.873183 ] }, { "date": "2023-09-15", "close": 9.99, "volume": 277706, "typical_volume": 280766.05, "trend": 10.358, "fair_value": 11.603654, "relative_strength": -14.550485, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.847327, "energy": 25.186598, "activity_lines": [ 10.654, 11.193455, 11.178619, 10.851871 ] }, { "date": "2023-09-22", "close": 9.51, "volume": 337313, "typical_volume": 279103.95, "trend": 10.373, "fair_value": 11.605833, "relative_strength": -15.546094, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -42.165806, "energy": 46.095439, "activity_lines": [ 10.179333, 10.831818, 11.046857, 10.797161 ] }, { "date": "2023-09-29", "close": 9.6, "volume": 409595, "typical_volume": 281400.95, "trend": 10.390667, "fair_value": 11.609359, "relative_strength": -14.589201, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.72664, "energy": 64.509559, "activity_lines": [ 9.888667, 10.517273, 10.92319, 10.74729 ] }, { "date": "2023-10-06", "close": 9.73, "volume": 305672, "typical_volume": 283082.85, "trend": 10.42, "fair_value": 11.608397, "relative_strength": -14.796834, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.340009, "energy": 65.308899, "activity_lines": [ 9.745333, 10.279636, 10.812381, 10.704667 ] }, { "date": "2023-10-13", "close": 9.77, "volume": 260127, "typical_volume": 285985.2, "trend": 10.457, "fair_value": 11.611731, "relative_strength": -14.403104, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.436154, "energy": 62.911412, "activity_lines": [ 9.705333, 10.095636, 10.706762, 10.662731 ] }, { "date": "2023-10-20", "close": 9.55, "volume": 264434, "typical_volume": 290574.3, "trend": 10.468333, "fair_value": 11.615769, "relative_strength": -13.637128, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.473646, "energy": 62.920822, "activity_lines": [ 9.648667, 9.915273, 10.579095, 10.604215 ] }, { "date": "2023-10-27", "close": 9.31, "volume": 134242, "typical_volume": 284179.35, "trend": 10.463667, "fair_value": 11.619038, "relative_strength": -13.357025, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.992696, "energy": 61.25742, "activity_lines": [ 9.541333, 9.738364, 10.430714, 10.529484 ] }, { "date": "2023-11-03", "close": 9.94, "volume": 192749, "typical_volume": 263348.8, "trend": 10.484667, "fair_value": 11.623013, "relative_strength": -12.845738, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.793988, "energy": 40.775485, "activity_lines": [ 9.657333, 9.721636, 10.346619, 10.495699 ] }, { "date": "2023-11-10", "close": 9.77, "volume": 182063, "typical_volume": 253273.5, "trend": 10.49, "fair_value": 11.621795, "relative_strength": -16.548776, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.983819, "energy": 45.597704, "activity_lines": [ 9.694, 9.696182, 10.253095, 10.449591 ] }, { "date": "2023-11-17", "close": 9.67, "volume": 304666, "typical_volume": 254699.8, "trend": 10.486333, "fair_value": 11.619359, "relative_strength": -18.451361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.108682, "energy": 37.621225, "activity_lines": [ 9.694667, 9.676364, 10.154095, 10.396688 ] }, { "date": "2023-11-24", "close": 10.04, "volume": 287771, "typical_volume": 258454.25, "trend": 10.492, "fair_value": 11.620962, "relative_strength": -15.477356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.062656, "energy": 27.470442, "activity_lines": [ 9.825333, 9.741091, 10.096667, 10.367892 ] }, { "date": "2023-12-01", "close": 10.14, "volume": 198886, "typical_volume": 252865.75, "trend": 10.516333, "fair_value": 11.620192, "relative_strength": -14.211296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.548133, "energy": 22.311006, "activity_lines": [ 9.956667, 9.823091, 10.053429, 10.345183 ] }, { "date": "2023-12-08", "close": 10.2, "volume": 136901, "typical_volume": 235797.4, "trend": 10.533, "fair_value": 11.615577, "relative_strength": -13.565207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.924671, "energy": 21.117618, "activity_lines": [ 10.052667, 9.904545, 10.020952, 10.324774 ] }, { "date": "2023-12-15", "close": 10.95, "volume": 351314, "typical_volume": 238033.7, "trend": 10.564, "fair_value": 11.617308, "relative_strength": -9.56225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 8.997427, "energy": 20.090996, "activity_lines": [ 10.381333, 10.111455, 10.071, 10.351677 ] }, { "date": "2023-12-22", "close": 10.24, "volume": 263789, "typical_volume": 240981.8, "trend": 10.587333, "fair_value": 11.613141, "relative_strength": -15.552571, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.21739, "energy": 19.389291, "activity_lines": [ 10.394667, 10.167091, 10.059762, 10.330774 ] }, { "date": "2023-12-29", "close": 10.47, "volume": 207494, "typical_volume": 244431.15, "trend": 10.603, "fair_value": 11.608269, "relative_strength": -13.150741, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.069376, "energy": 17.633633, "activity_lines": [ 10.446667, 10.256, 10.079619, 10.323204 ] }, { "date": "2024-01-05", "close": 9.98, "volume": 182137, "typical_volume": 246533.9, "trend": 10.595333, "fair_value": 11.596923, "relative_strength": -13.743437, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.573086, "energy": 15.171587, "activity_lines": [ 10.306667, 10.239091, 10.060762, 10.283011 ] }, { "date": "2024-01-12", "close": 9.99, "volume": 189199, "typical_volume": 246924.2, "trend": 10.549667, "fair_value": 11.588526, "relative_strength": -15.753649, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.305069, "energy": 15.717152, "activity_lines": [ 10.180667, 10.211818, 10.051619, 10.243957 ] }, { "date": "2024-01-19", "close": 10.18, "volume": 128513, "typical_volume": 241087.6, "trend": 10.535, "fair_value": 11.579359, "relative_strength": -16.102154, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.922482, "energy": 15.901994, "activity_lines": [ 10.132, 10.218182, 10.066143, 10.220108 ] }, { "date": "2024-01-26", "close": 10.5, "volume": 142983, "typical_volume": 237877.7, "trend": 10.518333, "fair_value": 11.578269, "relative_strength": -13.621646, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.323314, "energy": 11.431348, "activity_lines": [ 10.241333, 10.275273, 10.115429, 10.217849 ] }, { "date": "2024-02-02", "close": 9.95, "volume": 203457, "typical_volume": 234165.25, "trend": 10.482667, "fair_value": 11.569359, "relative_strength": -18.690627, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.795579, "energy": 16.385622, "activity_lines": [ 10.15, 10.217273, 10.112905, 10.181183 ] }, { "date": "2024-02-09", "close": 9.69, "volume": 265255, "typical_volume": 230562.35, "trend": 10.432333, "fair_value": 11.556474, "relative_strength": -21.868346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.837353, "energy": 21.918761, "activity_lines": [ 10.006667, 10.113636, 10.08581, 10.130043 ] }, { "date": "2024-02-16", "close": 10.02, "volume": 414971, "typical_volume": 230831.15, "trend": 10.348667, "fair_value": 11.546923, "relative_strength": -17.637109, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.455404, "energy": 20.718033, "activity_lines": [ 9.992667, 10.078182, 10.089286, 10.103441 ] }, { "date": "2024-02-23", "close": 9.95, "volume": 197906, "typical_volume": 225442.85, "trend": 10.271, "fair_value": 11.535321, "relative_strength": -18.907445, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.966264, "energy": 22.212144, "activity_lines": [ 9.953333, 10.033273, 10.084095, 10.07772 ] }, { "date": "2024-03-01", "close": 9.89, "volume": 234670, "typical_volume": 224170.0, "trend": 10.195, "fair_value": 11.520577, "relative_strength": -20.543262, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.244681, "energy": 26.539207, "activity_lines": [ 9.909333, 9.995636, 10.072143, 10.05314 ] }, { "date": "2024-03-08", "close": 10.0, "volume": 197398, "typical_volume": 220818.2, "trend": 10.123667, "fair_value": 11.497244, "relative_strength": -17.996008, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.600594, "energy": 18.327912, "activity_lines": [ 9.942667, 9.984364, 10.070095, 10.040559 ] }, { "date": "2024-03-15", "close": 9.3, "volume": 311794, "typical_volume": 229695.8, "trend": 10.039667, "fair_value": 11.465449, "relative_strength": -22.457529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.983358, "energy": 41.239117, "activity_lines": [ 9.739333, 9.854364, 9.999238, 9.987419 ] }, { "date": "2024-03-22", "close": 9.46, "volume": 155849, "typical_volume": 227850.8, "trend": 9.983, "fair_value": 11.440962, "relative_strength": -22.963632, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.767746, "energy": 49.565973, "activity_lines": [ 9.615333, 9.765818, 9.943667, 9.950022 ] }, { "date": "2024-03-29", "close": 9.5, "volume": 111945, "typical_volume": 224344.9, "trend": 9.930333, "fair_value": 11.415577, "relative_strength": -21.774038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.202074, "energy": 52.200869, "activity_lines": [ 9.542, 9.694182, 9.89419, 9.91886 ] }, { "date": "2024-04-05", "close": 9.6, "volume": 234715, "typical_volume": 220847.35, "trend": 9.896333, "fair_value": 11.388654, "relative_strength": -19.883113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -28.876571, "energy": 44.440448, "activity_lines": [ 9.532, 9.653091, 9.855524, 9.897548 ] }, { "date": "2024-04-12", "close": 9.66, "volume": 463335, "typical_volume": 229625.55, "trend": 9.885333, "fair_value": 11.345192, "relative_strength": -18.498008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.595328, "energy": 38.58784, "activity_lines": [ 9.561333, 9.639273, 9.822905, 9.882301 ] }, { "date": "2024-04-19", "close": 9.53, "volume": 254180, "typical_volume": 232390.25, "trend": 9.886, "fair_value": 11.304295, "relative_strength": -14.521549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.749891, "energy": 29.034511, "activity_lines": [ 9.57, 9.607091, 9.779714, 9.859376 ] }, { "date": "2024-04-26", "close": 9.5, "volume": 260238, "typical_volume": 238557.1, "trend": 9.882667, "fair_value": 11.267308, "relative_strength": -17.50613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.616158, "energy": 27.636191, "activity_lines": [ 9.553333, 9.572364, 9.736571, 9.834473 ] }, { "date": "2024-05-03", "close": 9.91, "volume": 310887, "typical_volume": 236535.75, "trend": 9.888667, "fair_value": 11.237436, "relative_strength": -14.425834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.356714, "energy": 15.419989, "activity_lines": [ 9.670667, 9.621636, 9.73581, 9.836237 ] }, { "date": "2024-05-10", "close": 9.81, "volume": 130980, "typical_volume": 229895.3, "trend": 9.89, "fair_value": 11.211667, "relative_strength": -16.073775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.089161, "energy": 14.318752, "activity_lines": [ 9.727333, 9.653455, 9.730476, 9.831161 ] }, { "date": "2024-05-17", "close": 9.52, "volume": 361051, "typical_volume": 237573.15, "trend": 9.889, "fair_value": 11.182372, "relative_strength": -19.784215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.554318, "energy": 16.534919, "activity_lines": [ 9.673333, 9.634, 9.699571, 9.80729 ] }, { "date": "2024-05-24", "close": 9.25, "volume": 226684, "typical_volume": 239800.5, "trend": 9.887, "fair_value": 11.151026, "relative_strength": -22.69591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.615433, "energy": 27.497918, "activity_lines": [ 9.538667, 9.574182, 9.647476, 9.766065 ] }, { "date": "2024-05-31", "close": 9.3, "volume": 157590, "typical_volume": 238220.05, "trend": 9.865667, "fair_value": 11.117244, "relative_strength": -20.576493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.126424, "energy": 41.740741, "activity_lines": [ 9.439333, 9.524364, 9.603619, 9.728194 ] }, { "date": "2024-06-07", "close": 9.03, "volume": 159748, "typical_volume": 239781.8, "trend": 9.841, "fair_value": 11.086218, "relative_strength": -24.391863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.072866, "energy": 60.546921, "activity_lines": [ 9.263333, 9.428364, 9.537333, 9.67428 ] }, { "date": "2024-06-14", "close": 9.13, "volume": 267453, "typical_volume": 246005.3, "trend": 9.823, "fair_value": 11.059872, "relative_strength": -25.47552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.833223, "energy": 62.807171, "activity_lines": [ 9.179333, 9.359091, 9.486048, 9.628409 ] }, { "date": "2024-06-21", "close": 9.01, "volume": 200218, "typical_volume": 245843.35, "trend": 9.788667, "fair_value": 11.027564, "relative_strength": -26.01204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.941491, "energy": 64.284821, "activity_lines": [ 9.100667, 9.276545, 9.429857, 9.575957 ] }, { "date": "2024-06-28", "close": 9.55, "volume": 1185333, "typical_volume": 291847.25, "trend": 9.769, "fair_value": 10.999808, "relative_strength": -20.927046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.455144, "energy": 39.573683, "activity_lines": [ 9.236, 9.304, 9.429571, 9.560559 ] }, { "date": "2024-07-05", "close": 9.23, "volume": 161284, "typical_volume": 279162.9, "trend": 9.736667, "fair_value": 10.967051, "relative_strength": -25.538521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.387428, "energy": 30.420087, "activity_lines": [ 9.244667, 9.272909, 9.399476, 9.525785 ] }, { "date": "2024-07-12", "close": 10.34, "volume": 529089, "typical_volume": 295722.05, "trend": 9.716333, "fair_value": 10.945, "relative_strength": -15.783966, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.292336, "energy": 10.52664, "activity_lines": [ 9.628, 9.448545, 9.478857, 9.56471 ] }, { "date": "2024-07-19", "close": 10.53, "volume": 424975, "typical_volume": 305237.3, "trend": 9.726, "fair_value": 10.914936, "relative_strength": -9.904868, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.342705, "energy": 32.78518, "activity_lines": [ 9.987333, 9.650909, 9.574476, 9.617204 ] }, { "date": "2024-07-26", "close": 10.92, "volume": 336837, "typical_volume": 312209.25, "trend": 9.741, "fair_value": 10.885833, "relative_strength": -3.438164, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.857153, "energy": 60.609191, "activity_lines": [ 10.383333, 9.911091, 9.70419, 9.694237 ] }, { "date": "2024-08-02", "close": 10.24, "volume": 188902, "typical_volume": 306064.65, "trend": 9.749667, "fair_value": 10.853397, "relative_strength": -5.831716, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.000368, "energy": 57.645172, "activity_lines": [ 10.425333, 10.022182, 9.764762, 9.72643 ] }, { "date": "2024-08-09", "close": 9.98, "volume": 413842, "typical_volume": 318964.3, "trend": 9.749333, "fair_value": 10.820833, "relative_strength": -7.739532, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.150541, "energy": 51.178864, "activity_lines": [ 10.334667, 10.068, 9.796095, 9.74129 ] }, { "date": "2024-08-16", "close": 9.97, "volume": 144825, "typical_volume": 320608.3, "trend": 9.742333, "fair_value": 10.791859, "relative_strength": -11.74358, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 53.758666, "energy": 35.733999, "activity_lines": [ 10.190667, 10.099636, 9.824, 9.755527 ] }, { "date": "2024-08-23", "close": 10.29, "volume": 132088, "typical_volume": 315476.95, "trend": 9.735333, "fair_value": 10.754872, "relative_strength": -9.161194, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 54.08746, "energy": 27.884977, "activity_lines": [ 10.178, 10.172364, 9.880143, 9.79086 ] }, { "date": "2024-08-30", "close": 10.65, "volume": 127370, "typical_volume": 298678.7, "trend": 9.758667, "fair_value": 10.727564, "relative_strength": -4.688795, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.324592, "energy": 33.349284, "activity_lines": [ 10.301333, 10.289455, 9.967286, 9.849871 ] }, { "date": "2024-09-06", "close": 9.85, "volume": 97711, "typical_volume": 290855.25, "trend": 9.764, "fair_value": 10.702756, "relative_strength": -5.90941, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 36.469354, "energy": 20.648698, "activity_lines": [ 10.176, 10.231273, 9.973524, 9.855763 ] }, { "date": "2024-09-13", "close": 10.235, "volume": 122297, "typical_volume": 283958.2, "trend": 9.771167, "fair_value": 10.682019, "relative_strength": -7.285587, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.365847, "energy": 22.721016, "activity_lines": [ 10.205, 10.237636, 10.014905, 9.886151 ] }, { "date": "2024-09-20", "close": 10.72, "volume": 431870, "typical_volume": 290007.35, "trend": 9.796833, "fair_value": 10.660481, "relative_strength": -3.963844, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.576435, "energy": 32.899369, "activity_lines": [ 10.378667, 10.313909, 10.098976, 9.947366 ] }, { "date": "2024-09-27", "close": 10.87, "volume": 143814, "typical_volume": 290649.05, "trend": 9.8295, "fair_value": 10.642404, "relative_strength": -3.244185, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.743975, "energy": 37.728516, "activity_lines": [ 10.552333, 10.410545, 10.193476, 10.016602 ] }, { "date": "2024-10-04", "close": 10.72, "volume": 136383, "typical_volume": 279415.65, "trend": 9.8535, "fair_value": 10.621442, "relative_strength": -4.30312, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.639096, "energy": 47.778867, "activity_lines": [ 10.637333, 10.473727, 10.268643, 10.074054 ] }, { "date": "2024-10-11", "close": 10.8, "volume": 127420, "typical_volume": 274452.45, "trend": 9.9035, "fair_value": 10.592853, "relative_strength": -4.366129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.192559, "energy": 56.893974, "activity_lines": [ 10.744333, 10.555091, 10.345714, 10.135118 ] }, { "date": "2024-10-18", "close": 10.93, "volume": 130685, "typical_volume": 273107.2, "trend": 9.9525, "fair_value": 10.564904, "relative_strength": -3.023931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.512305, "energy": 60.782756, "activity_lines": [ 10.831333, 10.649909, 10.427786, 10.201344 ] }, { "date": "2024-10-25", "close": 10.58, "volume": 90318, "typical_volume": 269635.7, "trend": 9.9885, "fair_value": 10.532147, "relative_strength": -5.830692, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.250742, "energy": 45.225485, "activity_lines": [ 10.755333, 10.663818, 10.468762, 10.241828 ] }, { "date": "2024-11-01", "close": 10.69, "volume": 115354, "typical_volume": 262030.75, "trend": 10.024833, "fair_value": 10.498878, "relative_strength": -2.876192, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.587667, "energy": 36.479753, "activity_lines": [ 10.725333, 10.686636, 10.512833, 10.287086 ] }, { "date": "2024-11-08", "close": 12.05, "volume": 327833, "typical_volume": 268411.5, "trend": 10.1045, "fair_value": 10.473942, "relative_strength": 4.019223, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.54637, "energy": 64.0893, "activity_lines": [ 11.160667, 10.949455, 10.679, 10.417742 ] }, { "date": "2024-11-15", "close": 12.76, "volume": 332858, "typical_volume": 225787.75, "trend": 10.212167, "fair_value": 10.455417, "relative_strength": 13.999228, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.582187, "energy": 78.877012, "activity_lines": [ 11.744, 11.315909, 10.89831, 10.589065 ] }, { "date": "2024-11-22", "close": 14.03, "volume": 267986, "typical_volume": 231122.85, "trend": 10.363167, "fair_value": 10.449071, "relative_strength": 22.873373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.214898, "energy": 94.245168, "activity_lines": [ 12.62, 11.860364, 11.223286, 10.835376 ] }, { "date": "2024-11-29", "close": 14.54, "volume": 169089, "typical_volume": 213122.85, "trend": 10.5175, "fair_value": 10.450929, "relative_strength": 26.101529, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.224267, "energy": 96.066767, "activity_lines": [ 13.459333, 12.428545, 11.573976, 11.104849 ] }, { "date": "2024-12-06", "close": 13.65, "volume": 237901, "typical_volume": 203769.15, "trend": 10.6455, "fair_value": 10.445096, "relative_strength": 14.644059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.884775, "energy": 87.818773, "activity_lines": [ 13.738, 12.765455, 11.819905, 11.306946 ] }, { "date": "2024-12-13", "close": 13.35, "volume": 211543, "typical_volume": 197504.45, "trend": 10.773167, "fair_value": 10.442276, "relative_strength": 11.461421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.513429, "energy": 86.438997, "activity_lines": [ 13.719333, 12.997273, 12.022405, 11.48143 ] }, { "date": "2024-12-20", "close": 12.95, "volume": 371797, "typical_volume": 206649.2, "trend": 10.8965, "fair_value": 10.432981, "relative_strength": 10.617715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.770969, "energy": 61.788274, "activity_lines": [ 13.480667, 13.108545, 12.175238, 11.621871 ] }, { "date": "2024-12-27", "close": 12.55, "volume": 139626, "typical_volume": 192938.4, "trend": 11.004833, "fair_value": 10.41984, "relative_strength": 6.3853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.405413, "energy": 42.59358, "activity_lines": [ 13.096, 13.108, 12.277071, 11.728548 ] }, { "date": "2025-01-03", "close": 12.57, "volume": 130389, "typical_volume": 192216.6, "trend": 11.122833, "fair_value": 10.410673, "relative_strength": 7.470056, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.684046, "energy": 30.114218, "activity_lines": [ 12.816667, 13.081636, 12.368571, 11.829527 ] }, { "date": "2025-01-10", "close": 11.57, "volume": 272360, "typical_volume": 199230.2, "trend": 11.204167, "fair_value": 10.398109, "relative_strength": 1.29074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.513844, "energy": 23.230713, "activity_lines": [ 12.335333, 12.837273, 12.352452, 11.858376 ] }, { "date": "2025-01-17", "close": 11.55, "volume": 197843, "typical_volume": 202753.85, "trend": 11.288833, "fair_value": 10.393622, "relative_strength": -1.521228, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.186979, "energy": 22.395156, "activity_lines": [ 11.986, 12.573273, 12.328333, 11.880688 ] }, { "date": "2025-01-24", "close": 11.16, "volume": 184863, "typical_volume": 207111.45, "trend": 11.3425, "fair_value": 10.383942, "relative_strength": -5.95419, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.730117, "energy": 21.792836, "activity_lines": [ 11.626667, 12.247455, 12.262786, 11.872376 ] }, { "date": "2025-01-31", "close": 11.75, "volume": 206121, "typical_volume": 211302.65, "trend": 11.4265, "fair_value": 10.380609, "relative_strength": 0.481182, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.912199, "energy": 20.947046, "activity_lines": [ 11.583333, 12.058, 12.24719, 11.898667 ] }, { "date": "2025-02-07", "close": 11.64, "volume": 155207, "typical_volume": 197469.5, "trend": 11.469833, "fair_value": 10.377917, "relative_strength": -0.575728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.78638, "energy": 19.60603, "activity_lines": [ 11.556667, 11.89, 12.213905, 11.912441 ] }, { "date": "2025-02-14", "close": 12.15, "volume": 197879, "typical_volume": 200172.75, "trend": 11.523833, "fair_value": 10.379519, "relative_strength": 0.915561, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.914151, "energy": 14.147455, "activity_lines": [ 11.762, 11.867455, 12.22481, 11.956323 ] }, { "date": "2025-02-21", "close": 11.49, "volume": 120001, "typical_volume": 199353.65, "trend": 11.542833, "fair_value": 10.376571, "relative_strength": -2.286451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.602025, "energy": 8.836939, "activity_lines": [ 11.708667, 11.752182, 12.166762, 11.95414 ] }, { "date": "2025-02-28", "close": 11.63, "volume": 148177, "typical_volume": 200391.5, "trend": 11.589167, "fair_value": 10.374263, "relative_strength": 2.340605, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.955498, "energy": 11.822173, "activity_lines": [ 11.706, 11.696182, 12.118381, 11.959763 ] }, { "date": "2025-03-07", "close": 10.97, "volume": 197569, "typical_volume": 203735.7, "trend": 11.622167, "fair_value": 10.369647, "relative_strength": -0.199919, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.929276, "energy": 22.027359, "activity_lines": [ 11.452, 11.544182, 12.00319, 11.919817 ] }, { "date": "2025-03-14", "close": 10.67, "volume": 186826, "typical_volume": 208561.1, "trend": 11.6455, "fair_value": 10.360353, "relative_strength": -0.533037, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.498746, "energy": 48.481434, "activity_lines": [ 11.15, 11.366364, 11.859238, 11.858387 ] }, { "date": "2025-03-21", "close": 10.71, "volume": 220554, "typical_volume": 213821.1, "trend": 11.6595, "fair_value": 10.352083, "relative_strength": -0.489285, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.61862, "energy": 60.222416, "activity_lines": [ 10.926, 11.230364, 11.718667, 11.798032 ] }, { "date": "2025-03-28", "close": 10.73, "volume": 136579, "typical_volume": 204258.4, "trend": 11.662167, "fair_value": 10.343429, "relative_strength": 1.959018, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.463013, "energy": 63.195848, "activity_lines": [ 10.804667, 11.113636, 11.579905, 11.738065 ] }, { "date": "2025-04-04", "close": 10.44, "volume": 256087, "typical_volume": 200419.85, "trend": 11.681833, "fair_value": 10.333301, "relative_strength": 9.80234, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.199232, "energy": 73.573412, "activity_lines": [ 10.637333, 10.959091, 11.41981, 11.659215 ] }, { "date": "2025-04-11", "close": 10.11, "volume": 244719, "typical_volume": 199256.5, "trend": 11.677667, "fair_value": 10.323686, "relative_strength": -1.099636, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.421562, "energy": 74.958412, "activity_lines": [ 10.439333, 10.757636, 11.239333, 11.557806 ] }, { "date": "2025-04-18", "close": 9.96, "volume": 382578, "typical_volume": 209930.95, "trend": 11.652333, "fair_value": 10.310865, "relative_strength": -0.247932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.898702, "energy": 73.67256, "activity_lines": [ 10.248667, 10.558727, 11.063238, 11.446989 ] }, { "date": "2025-04-25", "close": 10.06, "volume": 163553, "typical_volume": 206213.55, "trend": 11.625333, "fair_value": 10.308365, "relative_strength": -5.242382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.476413, "energy": 69.815825, "activity_lines": [ 10.138667, 10.408545, 10.918476, 11.344258 ] }, { "date": "2025-05-02", "close": 10.09, "volume": 1070330, "typical_volume": 249152.9, "trend": 11.604333, "fair_value": 10.307468, "relative_strength": -7.945496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.712039, "energy": 69.181871, "activity_lines": [ 10.082, 10.301818, 10.793667, 11.245204 ] }, { "date": "2025-05-09", "close": 10.36, "volume": 269365, "typical_volume": 244031.3, "trend": 11.589667, "fair_value": 10.309712, "relative_strength": -5.226564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.992278, "energy": 49.57496, "activity_lines": [ 10.158, 10.269636, 10.710095, 11.164925 ] }, { "date": "2025-05-16", "close": 10.85, "volume": 214770, "typical_volume": 247788.5, "trend": 11.587, "fair_value": 10.31375, "relative_strength": -7.095909, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.678503, "energy": 34.299577, "activity_lines": [ 10.402667, 10.349636, 10.685524, 11.117204 ] }, { "date": "2025-05-23", "close": 10.36, "volume": 161926, "typical_volume": 249365.35, "trend": 11.579667, "fair_value": 10.309263, "relative_strength": -9.155935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.397962, "energy": 27.872403, "activity_lines": [ 10.434667, 10.342727, 10.622381, 11.038043 ] }, { "date": "2025-05-30", "close": 10.62, "volume": 188699, "typical_volume": 245182.3, "trend": 11.577333, "fair_value": 10.304904, "relative_strength": -8.623008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.871815, "energy": 21.070788, "activity_lines": [ 10.526667, 10.388727, 10.594524, 10.976129 ] }, { "date": "2025-06-06", "close": 10.3, "volume": 186447, "typical_volume": 244612.5, "trend": 11.519, "fair_value": 10.301314, "relative_strength": -13.170311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.91718, "energy": 21.027946, "activity_lines": [ 10.474667, 10.378182, 10.540714, 10.89372 ] }, { "date": "2025-06-13", "close": 10.14, "volume": 172004, "typical_volume": 243969.55, "trend": 11.431667, "fair_value": 10.302788, "relative_strength": -14.044405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.607033, "energy": 29.377488, "activity_lines": [ 10.355333, 10.346364, 10.477619, 10.804753 ] }, { "date": "2025-06-20", "close": 10.06, "volume": 133845, "typical_volume": 240355.75, "trend": 11.299333, "fair_value": 10.301891, "relative_strength": -14.717449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.047783, "energy": 36.044579, "activity_lines": [ 10.224, 10.305455, 10.411762, 10.716258 ] }, { "date": "2025-06-27", "close": 10.69, "volume": 294182, "typical_volume": 247304.5, "trend": 11.171, "fair_value": 10.302596, "relative_strength": -12.948323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.46898, "energy": 28.01305, "activity_lines": [ 10.355333, 10.38, 10.413952, 10.676946 ] }, { "date": "2025-07-04", "close": 11.09, "volume": 147126, "typical_volume": 244766.85, "trend": 11.085667, "fair_value": 10.305417, "relative_strength": -11.104976, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.244615, "energy": 5.324863, "activity_lines": [ 10.598, 10.514, 10.458762, 10.67172 ] }, { "date": "2025-07-11", "close": 10.05, "volume": 290528, "typical_volume": 253293.2, "trend": 10.975667, "fair_value": 10.303494, "relative_strength": -18.947697, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.817668, "energy": 16.135295, "activity_lines": [ 10.462667, 10.440182, 10.409571, 10.604903 ] }, { "date": "2025-07-18", "close": 9.97, "volume": 268419, "typical_volume": 259305.3, "trend": 10.876333, "fair_value": 10.29984, "relative_strength": -20.294845, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.409098, "energy": 23.694343, "activity_lines": [ 10.317333, 10.352545, 10.359619, 10.540022 ] }, { "date": "2025-07-25", "close": 10.12, "volume": 231470, "typical_volume": 261000.35, "trend": 10.795333, "fair_value": 10.297019, "relative_strength": -19.418837, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.639439, "energy": 27.670339, "activity_lines": [ 10.233333, 10.299273, 10.331857, 10.491226 ] }, { "date": "2025-08-01", "close": 9.75, "volume": 298527, "typical_volume": 266585.4, "trend": 10.701333, "fair_value": 10.291635, "relative_strength": -20.244736, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.033015, "energy": 55.171182, "activity_lines": [ 10.022, 10.192, 10.272905, 10.423785 ] }, { "date": "2025-08-08", "close": 9.91, "volume": 164204, "typical_volume": 263767.9, "trend": 10.646, "fair_value": 10.283173, "relative_strength": -21.508089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.866374, "energy": 56.712474, "activity_lines": [ 9.926667, 10.124909, 10.233571, 10.372731 ] }, { "date": "2025-08-15", "close": 10.13, "volume": 158991, "typical_volume": 264888.5, "trend": 10.598667, "fair_value": 10.275032, "relative_strength": -19.90383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.795881, "energy": 45.973081, "activity_lines": [ 9.983333, 10.110727, 10.219, 10.339441 ] }, { "date": "2025-08-22", "close": 10.64, "volume": 175376, "typical_volume": 260852.95, "trend": 10.581333, "fair_value": 10.274776, "relative_strength": -14.860656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.416741, "energy": 15.631746, "activity_lines": [ 10.204667, 10.192364, 10.255857, 10.342108 ] }, { "date": "2025-08-29", "close": 10.1, "volume": 144085, "typical_volume": 255821.25, "trend": 10.526333, "fair_value": 10.277532, "relative_strength": -18.616859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.555654, "energy": 15.105888, "activity_lines": [ 10.201333, 10.166727, 10.240333, 10.311054 ] }, { "date": "2025-09-05", "close": 11.02, "volume": 154798, "typical_volume": 244432.25, "trend": 10.505667, "fair_value": 10.285609, "relative_strength": -11.846708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.165131, "energy": 17.281071, "activity_lines": [ 10.506, 10.307636, 10.312476, 10.342903 ] }, { "date": "2025-09-12", "close": 11.02, "volume": 229170, "typical_volume": 247713.1, "trend": 10.468, "fair_value": 10.294712, "relative_strength": -13.218952, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.410976, "energy": 30.322978, "activity_lines": [ 10.726, 10.442545, 10.379571, 10.376086 ] }, { "date": "2025-09-19", "close": 11.39, "volume": 233745, "typical_volume": 205883.85, "trend": 10.464667, "fair_value": 10.310865, "relative_strength": -11.94302, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.805859, "energy": 55.311201, "activity_lines": [ 10.995333, 10.646, 10.477333, 10.43557 ] }, { "date": "2025-09-26", "close": 10.98, "volume": 163878, "typical_volume": 200609.5, "trend": 10.443, "fair_value": 10.327724, "relative_strength": -14.422857, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 57.685128, "energy": 63.183686, "activity_lines": [ 11.044, 10.750545, 10.529857, 10.468817 ] }, { "date": "2025-10-03", "close": 11.11, "volume": 212266, "typical_volume": 200484.3, "trend": 10.447667, "fair_value": 10.347917, "relative_strength": -14.16129, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.603906, "energy": 62.424035, "activity_lines": [ 11.113333, 10.860364, 10.59181, 10.511849 ] }, { "date": "2025-10-10", "close": 10.91, "volume": 293423, "typical_volume": 207059.15, "trend": 10.455667, "fair_value": 10.367788, "relative_strength": -13.47901, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.794187, "energy": 54.072667, "activity_lines": [ 11.048667, 10.915818, 10.633476, 10.541677 ] }, { "date": "2025-10-17", "close": 10.97, "volume": 254356, "typical_volume": 210342.0, "trend": 10.464333, "fair_value": 10.38516, "relative_strength": -14.770908, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.207942, "energy": 33.603151, "activity_lines": [ 11.011333, 10.961091, 10.678238, 10.57486 ] }, { "date": "2025-10-24", "close": 11.02, "volume": 378491, "typical_volume": 219944.2, "trend": 10.474, "fair_value": 10.401314, "relative_strength": -15.935381, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.005485, "energy": 28.156005, "activity_lines": [ 10.994, 10.996182, 10.726095, 10.61071 ] }, { "date": "2025-10-31", "close": 11.01, "volume": 338544, "typical_volume": 228271.2, "trend": 10.493, "fair_value": 10.417468, "relative_strength": -17.269316, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.257503, "energy": 24.604861, "activity_lines": [ 10.998, 11.013273, 10.769571, 10.64529 ] }, { "date": "2025-11-07", "close": 10.93, "volume": 277090, "typical_volume": 235433.45, "trend": 10.520333, "fair_value": 10.432917, "relative_strength": -14.830393, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.223469, "energy": 23.483171, "activity_lines": [ 10.973333, 11.009091, 10.801286, 10.673484 ] }, { "date": "2025-11-14", "close": 11.11, "volume": 209963, "typical_volume": 231222.5, "trend": 10.558667, "fair_value": 10.43766, "relative_strength": -12.697532, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.774217, "energy": 25.904095, "activity_lines": [ 11.020667, 11.022545, 10.846, 10.711527 ] }, { "date": "2025-11-21", "close": 11.0, "volume": 309093, "typical_volume": 239320.85, "trend": 10.59, "fair_value": 10.440096, "relative_strength": -10.044248, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.656994, "energy": 26.197902, "activity_lines": [ 11.018, 11.014364, 10.878238, 10.74 ] }, { "date": "2025-11-28", "close": 11.38, "volume": 130163, "typical_volume": 231302.6, "trend": 10.633, "fair_value": 10.446763, "relative_strength": -10.466251, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.046381, "energy": 35.300245, "activity_lines": [ 11.14, 11.075636, 10.947095, 10.790968 ] }, { "date": "2025-12-05", "close": 11.39, "volume": 193121, "typical_volume": 227537.7, "trend": 10.667333, "fair_value": 10.452468, "relative_strength": -10.622357, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.002342, "energy": 47.239511, "activity_lines": [ 11.241333, 11.138909, 11.010571, 10.839806 ] }, { "date": "2025-12-12", "close": 11.94, "volume": 270651, "typical_volume": 229496.75, "trend": 10.703667, "fair_value": 10.461827, "relative_strength": -3.96629, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.387013, "energy": 71.1446, "activity_lines": [ 11.500667, 11.294727, 11.119667, 10.921914 ] }, { "date": "2025-12-19", "close": 11.33, "volume": 286687, "typical_volume": 228904.75, "trend": 10.736, "fair_value": 10.470737, "relative_strength": -8.795679, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.169023, "energy": 62.43921, "activity_lines": [ 11.489333, 11.324545, 11.162, 10.962323 ] }, { "date": "2025-12-26", "close": 11.09, "volume": 121486, "typical_volume": 226768.85, "trend": 10.751667, "fair_value": 10.474647, "relative_strength": -11.281052, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.84837, "energy": 41.368936, "activity_lines": [ 11.383333, 11.303091, 11.173952, 10.985161 ] }, { "date": "2026-01-02", "close": 10.81, "volume": 114358, "typical_volume": 224537.2, "trend": 10.768667, "fair_value": 10.476378, "relative_strength": -11.429845, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.259133, "energy": 18.026714, "activity_lines": [ 11.178, 11.228545, 11.153619, 10.988925 ] }, { "date": "2026-01-09", "close": 11.05, "volume": 194631, "typical_volume": 225499.95, "trend": 10.799, "fair_value": 10.484135, "relative_strength": -10.962945, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.001434, "energy": 17.66596, "activity_lines": [ 11.090667, 11.201455, 11.152905, 11.007075 ] }, { "date": "2026-01-16", "close": 11.63, "volume": 208854, "typical_volume": 228738.4, "trend": 10.851333, "fair_value": 10.501699, "relative_strength": -5.151511, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.58109, "energy": 20.513975, "activity_lines": [ 11.219333, 11.279091, 11.205476, 11.060688 ] }, { "date": "2026-01-23", "close": 11.83, "volume": 250911, "typical_volume": 233544.05, "trend": 10.889333, "fair_value": 10.518365, "relative_strength": -3.541755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.628752, "energy": 28.982002, "activity_lines": [ 11.435333, 11.380364, 11.26981, 11.123828 ] }, { "date": "2026-01-30", "close": 11.58, "volume": 181607, "typical_volume": 231165.9, "trend": 10.905667, "fair_value": 10.531378, "relative_strength": -5.081447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.964094, "energy": 36.99209, "activity_lines": [ 11.534667, 11.423091, 11.306476, 11.168387 ] }, { "date": "2026-02-06", "close": 11.15, "volume": 345925, "typical_volume": 236774.9, "trend": 10.942333, "fair_value": 10.545929, "relative_strength": -6.399592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.620229, "energy": 29.60215, "activity_lines": [ 11.458, 11.377091, 11.299524, 11.184151 ] }, { "date": "2026-02-13", "close": 11.19, "volume": 434178, "typical_volume": 250289.9, "trend": 10.983, "fair_value": 10.560865, "relative_strength": -4.471976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.774978, "energy": 21.165983, "activity_lines": [ 11.372, 11.342545, 11.297524, 11.200129 ] }, { "date": "2026-02-20", "close": 10.74, "volume": 232086, "typical_volume": 251280.9, "trend": 11.003667, "fair_value": 10.571635, "relative_strength": -8.963545, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.88263, "energy": 6.72497, "activity_lines": [ 11.126667, 11.229818, 11.251667, 11.184452 ] }, { "date": "2026-02-27", "close": 10.57, "volume": 226836, "typical_volume": 247951.55, "trend": 11.031, "fair_value": 10.58125, "relative_strength": -9.678716, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.682286, "energy": 20.558457, "activity_lines": [ 10.884, 11.108, 11.191381, 11.156473 ] }, { "date": "2026-03-06", "close": 10.205, "volume": 222106, "typical_volume": 246339.05, "trend": 11.040833, "fair_value": 10.589936, "relative_strength": -11.222711, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.196819, "energy": 42.503572, "activity_lines": [ 10.603667, 10.933636, 11.097952, 11.103183 ] }, { "date": "2026-03-13", "close": 10.27, "volume": 247505, "typical_volume": 239789.75, "trend": 11.0455, "fair_value": 10.600256, "relative_strength": -9.289435, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.087938, "energy": 52.675561, "activity_lines": [ 10.436667, 10.787182, 11.014357, 11.053452 ] }, { "date": "2026-03-20", "close": 10.35, "volume": 411470, "typical_volume": 243436.05, "trend": 11.035833, "fair_value": 10.607564, "relative_strength": -6.316601, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.592363, "energy": 61.923044, "activity_lines": [ 10.355, 10.665091, 10.941952, 11.008581 ] }, { "date": "2026-03-27", "close": 9.87, "volume": 284825, "typical_volume": 243822.8, "trend": 11.028167, "fair_value": 10.610256, "relative_strength": -7.171262, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.193615, "energy": 67.048299, "activity_lines": [ 10.169333, 10.468455, 10.826976, 10.933366 ] }, { "date": "2026-04-03", "close": 10.42, "volume": 182252, "typical_volume": 242437.25, "trend": 11.008167, "fair_value": 10.617372, "relative_strength": -5.074382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.908607, "energy": 51.778861, "activity_lines": [ 10.225, 10.403818, 10.769429, 10.894129 ] }, { "date": "2026-04-10", "close": 11.23, "volume": 608110, "typical_volume": 257388.1, "trend": 11.015167, "fair_value": 10.627756, "relative_strength": -1.66235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.492262, "energy": 19.591838, "activity_lines": [ 10.560667, 10.512091, 10.79231, 10.908441 ] }, { "date": "2026-04-17", "close": 11.46, "volume": 180334, "typical_volume": 259896.65, "trend": 11.0175, "fair_value": 10.638526, "relative_strength": -5.015095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.568652, "energy": 11.477805, "activity_lines": [ 10.904667, 10.668545, 10.836, 10.93714 ] }, { "date": "2026-04-24", "close": 11.5, "volume": 214283, "typical_volume": 260954.75, "trend": 11.034833, "fair_value": 10.648974, "relative_strength": -6.346616, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.086121, "energy": 19.351982, "activity_lines": [ 11.182667, 10.826636, 10.883119, 10.968269 ] }, { "date": "2026-05-01", "close": 11.5, "volume": 188354, "typical_volume": 256839.9, "trend": 11.047833, "fair_value": 10.662372, "relative_strength": -7.421146, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.548738, "energy": 27.399225, "activity_lines": [ 11.384, 10.979091, 10.929714, 10.99828 ] }, { "date": "2026-05-08", "close": 11.62, "volume": 242225, "typical_volume": 254616.8, "trend": 11.0715, "fair_value": 10.674679, "relative_strength": -10.869617, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.091821, "energy": 37.949801, "activity_lines": [ 11.516667, 11.139545, 10.989833, 11.035194 ] }, { "date": "2026-05-15", "close": 10.46, "volume": 203343, "typical_volume": 258709.65, "trend": 11.0545, "fair_value": 10.6775, "relative_strength": -18.986241, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.522895, "energy": 9.808126, "activity_lines": [ 11.182667, 11.07, 10.938095, 10.995742 ] }, { "date": "2026-05-22", "close": 10.04, "volume": 253155, "typical_volume": 265649.5, "trend": 11.021833, "fair_value": 10.680705, "relative_strength": -22.647323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.970645, "energy": 21.071727, "activity_lines": [ 10.76, 10.919455, 10.849357, 10.93029 ] }, { "date": "2026-05-29", "close": 10.35, "volume": 442651, "typical_volume": 278050.5, "trend": 10.999833, "fair_value": 10.682949, "relative_strength": -21.961675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.108287, "energy": 27.676463, "activity_lines": [ 10.535333, 10.829455, 10.79381, 10.886946 ] }, { "date": "2026-06-05", "close": 10.48, "volume": 259245, "typical_volume": 280570.05, "trend": 10.984833, "fair_value": 10.684679, "relative_strength": -16.841546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.390481, "energy": 32.419579, "activity_lines": [ 10.430667, 10.763091, 10.753976, 10.853409 ] }, { "date": "2026-06-12", "close": 10.73, "volume": 271438, "typical_volume": 281596.4, "trend": 10.972167, "fair_value": 10.680641, "relative_strength": -16.380078, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.869251, "energy": 37.230929, "activity_lines": [ 10.477333, 10.731091, 10.743429, 10.836968 ] }, { "date": "2026-06-19", "close": 11.07, "volume": 272781, "typical_volume": 286155.1, "trend": 10.9745, "fair_value": 10.683526, "relative_strength": -15.591234, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.777135, "energy": 17.365152, "activity_lines": [ 10.696667, 10.755273, 10.7705, 10.84328 ] }, { "date": "2026-06-26", "close": 11.23, "volume": 453456, "typical_volume": 291531.65, "trend": 10.9695, "fair_value": 10.685, "relative_strength": -9.977733, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.396612, "energy": 10.217192, "activity_lines": [ 10.928667, 10.811455, 10.815238, 10.859763 ] }, { "date": "2026-07-03", "close": 10.81, "volume": 214581, "typical_volume": 280551.8, "trend": 10.950167, "fair_value": 10.683654, "relative_strength": -13.628423, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.383094, "energy": 14.686983, "activity_lines": [ 10.941333, 10.795455, 10.819595, 10.849473 ] }, { "date": "2026-07-10", "close": 10.76, "volume": 360120, "typical_volume": 286953.5, "trend": 10.910833, "fair_value": 10.680833, "relative_strength": -15.244989, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.491765, "energy": 14.834297, "activity_lines": [ 10.906667, 10.782909, 10.821, 10.837204 ] }, { "date": "2026-07-17", "close": 10.7, "volume": 255991, "typical_volume": 288411.25, "trend": 10.889833, "fair_value": 10.669103, "relative_strength": -11.822902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.793967, "energy": 12.485636, "activity_lines": [ 10.833333, 10.772909, 10.816595, 10.823602 ] }, { "date": "2026-07-24", "close": 10.68, "volume": 265643, "typical_volume": 290588.1, "trend": 10.876167, "fair_value": 10.658846, "relative_strength": -10.33017, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.964707, "energy": 17.892439, "activity_lines": [ 10.755333, 10.776, 10.809667, 10.810065 ] }, { "date": "2026-07-31", "close": 10.51, "volume": 262935, "typical_volume": 291359.6, "trend": 10.866167, "fair_value": 10.648205, "relative_strength": -12.00727, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.4835, "energy": 23.344262, "activity_lines": [ 10.646667, 10.744182, 10.784286, 10.786441 ] }, { "date": "2026-08-07", "close": 10.83, "volume": 389726, "typical_volume": 290272.4, "trend": 10.858833, "fair_value": 10.639808, "relative_strength": -13.49878, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.579535, "energy": 15.657858, "activity_lines": [ 10.692667, 10.762, 10.788238, 10.784108 ] } ], "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." } } }