{ "ticker": { "uuid": "67eecbca-a7f9-4b23-b9ce-55ac61f603f8", "symbol": "FTC", "name": "Finanza.tech S.p.A.", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -66.845, "architecture_energy": 68.872, "architecture_maturity": 70.674, "architecture_confidence": 96, "architecture_tenure": "Established", "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": 5.41, "rotation_up": 27.35, "upward_expansion": 13.99, "deceleration": 45.96, "rotation_down": 59.23, "downward_expansion": 89.65 }, "activity_lines": [ 0.203067, 0.205636, 0.224, 0.237073 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 0.214, "trend_reference": 0.2565, "distance_from_trend": -0.165692, "trend_direction": "Weakening", "fair_value": 0.559071, "distance_from_fair_value": -0.617222, "fair_value_direction": "Weakening", "relative_strength": -34.688699, "relative_strength_direction": "Weakening", "price_momentum": -0.286667, "excess_performance": -0.457558, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.165692, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.089026, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.617222, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.062922, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.346887, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.057168, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.286667, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.439614, "read": "Supply-led" } ], "volume": { "latest": 45000, "relative_activity": 1.5, "balance": 0.439614, "dry_up": 0.825, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.061826, "annualized_volatility": 0.401173, "from_high_reference": -0.47549, "from_low_reference": 0.114583 }, "levels": { "trend_reference": 0.2565, "fair_value_reference": 0.559071, "structural_low": 0.192, "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": -0.024537, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.060817, "regime_survival": 0.875, "best_return": 0.197297, "worst_return": -0.257028, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.188192, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.27981, "regime_survival": 0.571429, "best_return": 0.096552, "worst_return": -0.297872, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.078159, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.207788, "regime_survival": 0.75, "best_return": 0.153646, "worst_return": -0.488032, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.207862, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.430508, "regime_survival": 0.5, "best_return": 0.226562, "worst_return": -0.642287, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-05", "end": "2024-02-09", "tenure": "Developing", "return": -0.099323, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-16", "end": "2024-03-01", "tenure": "New", "return": 0.154217, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-04-05", "tenure": "Developing", "return": -0.053691, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-12", "end": "2024-07-05", "tenure": "Established", "return": 0.168734, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2024-08-09", "tenure": "Developing", "return": -0.201961, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-10-04", "tenure": "Developing", "return": -0.090261, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": -0.005236, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-25", "end": "2024-11-22", "tenure": "Developing", "return": 0.045213, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2024-12-06", "tenure": "New", "return": -0.028133, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-06-20", "tenure": "Extended", "return": -0.416883, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-25", "tenure": "Developing", "return": -0.081633, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-01", "end": "2026-01-16", "tenure": "Established", "return": -0.107735, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-03-06", "tenure": "Developing", "return": -0.17378, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-08-07", "tenure": "Established", "return": -0.210332, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.734, "volume": 20000, "typical_volume": 87100.0, "trend": 0.8185, "fair_value": 1.030919, "relative_strength": -21.23397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.239677, "energy": 36.067314, "activity_lines": [ 0.731467, 0.7416, 0.745305, 0.781353 ] }, { "date": "2023-08-25", "close": 0.732, "volume": 12000, "typical_volume": 76250.0, "trend": 0.815, "fair_value": 1.027483, "relative_strength": -21.411876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.690321, "energy": 33.177479, "activity_lines": [ 0.730267, 0.739745, 0.741543, 0.775772 ] }, { "date": "2023-09-01", "close": 0.734, "volume": 22000, "typical_volume": 70900.0, "trend": 0.8121, "fair_value": 1.024148, "relative_strength": -21.257275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.955499, "energy": 29.925174, "activity_lines": [ 0.731733, 0.737927, 0.738971, 0.770546 ] }, { "date": "2023-09-08", "close": 0.728, "volume": 76000, "typical_volume": 72850.0, "trend": 0.8087, "fair_value": 1.02082, "relative_strength": -19.650636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.436885, "energy": 26.963415, "activity_lines": [ 0.730667, 0.734218, 0.73661, 0.76512 ] }, { "date": "2023-09-15", "close": 0.768, "volume": 493000, "typical_volume": 95250.0, "trend": 0.806, "fair_value": 1.018011, "relative_strength": -16.016307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.538466, "energy": 11.482561, "activity_lines": [ 0.743467, 0.739091, 0.738781, 0.762495 ] }, { "date": "2023-09-22", "close": 0.766, "volume": 90000, "typical_volume": 98900.0, "trend": 0.804733, "fair_value": 1.015242, "relative_strength": -14.348078, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.915178, "energy": 8.279436, "activity_lines": [ 0.7524, 0.7436, 0.741152, 0.759914 ] }, { "date": "2023-09-29", "close": 0.738, "volume": 63000, "typical_volume": 99150.0, "trend": 0.801867, "fair_value": 1.012228, "relative_strength": -15.626114, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.205994, "energy": 9.976214, "activity_lines": [ 0.749867, 0.743127, 0.741314, 0.755609 ] }, { "date": "2023-10-06", "close": 0.758, "volume": 56000, "typical_volume": 91150.0, "trend": 0.789533, "fair_value": 1.009495, "relative_strength": -11.227817, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.579976, "energy": 9.530148, "activity_lines": [ 0.7536, 0.746727, 0.743657, 0.752778 ] }, { "date": "2023-10-13", "close": 0.716, "volume": 35000, "typical_volume": 89850.0, "trend": 0.7808, "fair_value": 1.006372, "relative_strength": -16.740798, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.850013, "energy": 16.445915, "activity_lines": [ 0.741733, 0.742109, 0.741724, 0.748034 ] }, { "date": "2023-10-20", "close": 0.7, "volume": 52000, "typical_volume": 91800.0, "trend": 0.768333, "fair_value": 1.003147, "relative_strength": -15.330714, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.074107, "energy": 33.208226, "activity_lines": [ 0.725333, 0.734945, 0.738086, 0.742822 ] }, { "date": "2023-10-27", "close": 0.714, "volume": 12000, "typical_volume": 91850.0, "trend": 0.759467, "fair_value": 1.000135, "relative_strength": -12.773974, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.875552, "energy": 38.96233, "activity_lines": [ 0.718133, 0.730691, 0.73579, 0.739316 ] }, { "date": "2023-11-03", "close": 0.718, "volume": 23000, "typical_volume": 92450.0, "trend": 0.752, "fair_value": 0.997227, "relative_strength": -15.838123, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.391674, "energy": 43.232898, "activity_lines": [ 0.715733, 0.727527, 0.73381, 0.736641 ] }, { "date": "2023-11-10", "close": 0.704, "volume": 24000, "typical_volume": 92950.0, "trend": 0.745533, "fair_value": 0.994235, "relative_strength": -16.411952, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.053516, "energy": 47.70374, "activity_lines": [ 0.71, 0.722073, 0.730476, 0.733544 ] }, { "date": "2023-11-17", "close": 0.714, "volume": 15000, "typical_volume": 74150.0, "trend": 0.74, "fair_value": 0.991404, "relative_strength": -17.588442, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.409564, "energy": 33.443604, "activity_lines": [ 0.7112, 0.718982, 0.728029, 0.73151 ] }, { "date": "2023-11-24", "close": 0.69, "volume": 20000, "typical_volume": 71400.0, "trend": 0.734667, "fair_value": 0.98839, "relative_strength": -19.610402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.07174, "energy": 36.893105, "activity_lines": [ 0.704533, 0.711782, 0.723705, 0.728284 ] }, { "date": "2023-12-01", "close": 0.816, "volume": 159000, "typical_volume": 67150.0, "trend": 0.733133, "fair_value": 0.986683, "relative_strength": -6.107159, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.087473, "energy": 12.684796, "activity_lines": [ 0.740533, 0.728909, 0.731752, 0.733531 ] }, { "date": "2023-12-08", "close": 0.798, "volume": 72000, "typical_volume": 68650.0, "trend": 0.7332, "fair_value": 0.984833, "relative_strength": -9.068146, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.733635, "energy": 34.871814, "activity_lines": [ 0.763733, 0.741855, 0.737876, 0.737716 ] }, { "date": "2023-12-15", "close": 0.76, "volume": 86000, "typical_volume": 69900.0, "trend": 0.7352, "fair_value": 0.98265, "relative_strength": -12.787044, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.008639, "energy": 43.764116, "activity_lines": [ 0.768933, 0.7468, 0.74021, 0.739445 ] }, { "date": "2023-12-22", "close": 0.744, "volume": 91000, "typical_volume": 72250.0, "trend": 0.7374, "fair_value": 0.980356, "relative_strength": -14.045963, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.648378, "energy": 38.177293, "activity_lines": [ 0.765067, 0.7488, 0.740857, 0.740013 ] }, { "date": "2023-12-29", "close": 0.724, "volume": 86000, "typical_volume": 75350.0, "trend": 0.738133, "fair_value": 0.977914, "relative_strength": -15.888424, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.490843, "energy": 23.870621, "activity_lines": [ 0.752533, 0.746655, 0.739562, 0.739148 ] }, { "date": "2024-01-05", "close": 0.886, "volume": 220000, "typical_volume": 85350.0, "trend": 0.744333, "fair_value": 0.977047, "relative_strength": 2.828139, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.737267, "energy": 54.815883, "activity_lines": [ 0.791733, 0.773527, 0.753676, 0.748688 ] }, { "date": "2024-01-12", "close": 0.886, "volume": 989000, "typical_volume": 134200.0, "trend": 0.750067, "fair_value": 0.976196, "relative_strength": 2.833428, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.914894, "energy": 64.958486, "activity_lines": [ 0.826267, 0.797273, 0.767067, 0.757828 ] }, { "date": "2024-01-19", "close": 0.792, "volume": 131000, "typical_volume": 139650.0, "trend": 0.753467, "fair_value": 0.974491, "relative_strength": -7.19833, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.004676, "energy": 54.858482, "activity_lines": [ 0.8236, 0.800873, 0.770771, 0.760533 ] }, { "date": "2024-01-26", "close": 0.824, "volume": 80000, "typical_volume": 139850.0, "trend": 0.754267, "fair_value": 0.97311, "relative_strength": -3.451755, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.573532, "energy": 59.750313, "activity_lines": [ 0.829467, 0.808691, 0.777248, 0.765084 ] }, { "date": "2024-02-02", "close": 0.83, "volume": 223000, "typical_volume": 126350.0, "trend": 0.756333, "fair_value": 0.971809, "relative_strength": -3.594797, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.602177, "energy": 37.329449, "activity_lines": [ 0.832, 0.8156, 0.783838, 0.76997 ] }, { "date": "2024-02-09", "close": 0.798, "volume": 78000, "typical_volume": 125750.0, "trend": 0.7572, "fair_value": 0.970243, "relative_strength": -8.311082, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.52258, "energy": 25.107777, "activity_lines": [ 0.8168, 0.814145, 0.787086, 0.772658 ] }, { "date": "2024-02-16", "close": 0.83, "volume": 41000, "typical_volume": 124650.0, "trend": 0.759467, "fair_value": 0.968991, "relative_strength": -6.078533, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.287683, "energy": 23.101979, "activity_lines": [ 0.818133, 0.818836, 0.793229, 0.777355 ] }, { "date": "2024-02-23", "close": 0.824, "volume": 73000, "typical_volume": 125500.0, "trend": 0.762733, "fair_value": 0.967708, "relative_strength": -9.23244, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.963714, "energy": 20.852749, "activity_lines": [ 0.8212, 0.821855, 0.798362, 0.781518 ] }, { "date": "2024-03-01", "close": 0.958, "volume": 1168000, "typical_volume": 182150.0, "trend": 0.770133, "fair_value": 0.967623, "relative_strength": 4.819851, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.880259, "energy": 40.826784, "activity_lines": [ 0.8668, 0.848073, 0.815943, 0.794116 ] }, { "date": "2024-03-08", "close": 0.894, "volume": 410000, "typical_volume": 200050.0, "trend": 0.775933, "fair_value": 0.966983, "relative_strength": -2.574504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.855664, "energy": 50.593091, "activity_lines": [ 0.882133, 0.858764, 0.826276, 0.802108 ] }, { "date": "2024-03-15", "close": 0.82, "volume": 204000, "typical_volume": 209650.0, "trend": 0.7788, "fair_value": 0.965716, "relative_strength": -11.166973, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.249617, "energy": 40.164598, "activity_lines": [ 0.868533, 0.852909, 0.828638, 0.804951 ] }, { "date": "2024-03-22", "close": 0.814, "volume": 76000, "typical_volume": 212300.0, "trend": 0.781533, "fair_value": 0.964419, "relative_strength": -11.744848, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.440347, "energy": 29.603732, "activity_lines": [ 0.851467, 0.847164, 0.829924, 0.807222 ] }, { "date": "2024-03-29", "close": 0.838, "volume": 45000, "typical_volume": 213350.0, "trend": 0.785, "fair_value": 0.963347, "relative_strength": -9.424086, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.397618, "energy": 16.259944, "activity_lines": [ 0.843467, 0.847091, 0.833038, 0.810865 ] }, { "date": "2024-04-05", "close": 0.846, "volume": 79000, "typical_volume": 216550.0, "trend": 0.788933, "fair_value": 0.962361, "relative_strength": -5.910596, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.642576, "energy": 17.051505, "activity_lines": [ 0.8372, 0.847636, 0.836276, 0.8148 ] }, { "date": "2024-04-12", "close": 0.806, "volume": 65000, "typical_volume": 218800.0, "trend": 0.7902, "fair_value": 0.961058, "relative_strength": -9.151883, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.030679, "energy": 14.506516, "activity_lines": [ 0.825067, 0.840509, 0.835076, 0.815901 ] }, { "date": "2024-04-19", "close": 0.8, "volume": 45000, "typical_volume": 213100.0, "trend": 0.791333, "fair_value": 0.959727, "relative_strength": -9.710758, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.724369, "energy": 8.320742, "activity_lines": [ 0.8168, 0.832727, 0.832752, 0.816533 ] }, { "date": "2024-04-26", "close": 0.808, "volume": 11000, "typical_volume": 210050.0, "trend": 0.793667, "fair_value": 0.958484, "relative_strength": -9.15946, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.090422, "energy": 10.054227, "activity_lines": [ 0.812533, 0.826364, 0.831267, 0.817609 ] }, { "date": "2024-05-03", "close": 0.802, "volume": 17000, "typical_volume": 206600.0, "trend": 0.795133, "fair_value": 0.957211, "relative_strength": -7.644444, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.859093, "energy": 11.518594, "activity_lines": [ 0.806667, 0.819309, 0.829162, 0.818146 ] }, { "date": "2024-05-10", "close": 0.85, "volume": 260000, "typical_volume": 215050.0, "trend": 0.7996, "fair_value": 0.956347, "relative_strength": -4.695183, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.342624, "energy": 9.844886, "activity_lines": [ 0.8192, 0.821382, 0.831429, 0.821686 ] }, { "date": "2024-05-17", "close": 0.854, "volume": 40000, "typical_volume": 212750.0, "trend": 0.804733, "fair_value": 0.955528, "relative_strength": -6.161842, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.001124, "energy": 14.183333, "activity_lines": [ 0.8328, 0.826145, 0.833571, 0.825196 ] }, { "date": "2024-05-24", "close": 0.83, "volume": 30000, "typical_volume": 203250.0, "trend": 0.8086, "fair_value": 0.954532, "relative_strength": -6.305771, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.739577, "energy": 14.309028, "activity_lines": [ 0.8352, 0.827273, 0.83281, 0.826826 ] }, { "date": "2024-05-31", "close": 0.804, "volume": 24000, "typical_volume": 155000.0, "trend": 0.811467, "fair_value": 0.953346, "relative_strength": -9.064677, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.316358, "energy": 12.15487, "activity_lines": [ 0.826933, 0.823491, 0.829838, 0.826529 ] }, { "date": "2024-06-07", "close": 0.834, "volume": 34000, "typical_volume": 150150.0, "trend": 0.8158, "fair_value": 0.952414, "relative_strength": -6.008277, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.833651, "energy": 14.388451, "activity_lines": [ 0.828933, 0.825345, 0.830114, 0.827983 ] }, { "date": "2024-06-14", "close": 0.808, "volume": 38000, "typical_volume": 148050.0, "trend": 0.818933, "fair_value": 0.951295, "relative_strength": -3.312267, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.218309, "energy": 9.843634, "activity_lines": [ 0.820133, 0.822545, 0.827714, 0.82748 ] }, { "date": "2024-06-21", "close": 0.824, "volume": 13000, "typical_volume": 137550.0, "trend": 0.8234, "fair_value": 0.950315, "relative_strength": -3.258942, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.238437, "energy": 13.012724, "activity_lines": [ 0.819467, 0.823345, 0.826914, 0.827806 ] }, { "date": "2024-06-28", "close": 0.85, "volume": 42000, "typical_volume": 135750.0, "trend": 0.824533, "fair_value": 0.94955, "relative_strength": 0.464089, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.658134, "energy": 11.68959, "activity_lines": [ 0.829467, 0.828545, 0.828619, 0.829523 ] }, { "date": "2024-07-05", "close": 0.942, "volume": 679000, "typical_volume": 167650.0, "trend": 0.829333, "fair_value": 0.949492, "relative_strength": 8.600277, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.235427, "energy": 56.085629, "activity_lines": [ 0.8688, 0.849564, 0.838838, 0.837101 ] }, { "date": "2024-07-12", "close": 1.02, "volume": 1082000, "typical_volume": 218100.0, "trend": 0.838, "fair_value": 0.950023, "relative_strength": 15.35344, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.661501, "energy": 78.327558, "activity_lines": [ 0.924933, 0.882327, 0.855952, 0.849402 ] }, { "date": "2024-07-19", "close": 0.974, "volume": 176000, "typical_volume": 168500.0, "trend": 0.845667, "fair_value": 0.950201, "relative_strength": 11.154198, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.978352, "energy": 78.908014, "activity_lines": [ 0.953333, 0.902764, 0.867752, 0.858176 ] }, { "date": "2024-07-26", "close": 0.844, "volume": 150000, "typical_volume": 155500.0, "trend": 0.849667, "fair_value": 0.949415, "relative_strength": -2.556436, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.174697, "energy": 65.093026, "activity_lines": [ 0.927333, 0.897309, 0.867095, 0.858069 ] }, { "date": "2024-08-02", "close": 0.84, "volume": 23000, "typical_volume": 146450.0, "trend": 0.848133, "fair_value": 0.94861, "relative_strength": 2.375059, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.749297, "energy": 32.2152, "activity_lines": [ 0.898667, 0.891309, 0.866295, 0.857445 ] }, { "date": "2024-08-09", "close": 0.814, "volume": 39000, "typical_volume": 144600.0, "trend": 0.845733, "fair_value": 0.947628, "relative_strength": -0.06499, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.944805, "energy": 13.730826, "activity_lines": [ 0.862, 0.8804, 0.862924, 0.855243 ] }, { "date": "2024-08-16", "close": 0.842, "volume": 15000, "typical_volume": 143100.0, "trend": 0.8474, "fair_value": 0.946862, "relative_strength": -0.495005, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.031121, "energy": 19.007823, "activity_lines": [ 0.8432, 0.8744, 0.862219, 0.855002 ] }, { "date": "2024-08-23", "close": 0.88, "volume": 37000, "typical_volume": 141000.0, "trend": 0.849267, "fair_value": 0.946381, "relative_strength": 2.098152, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.074612, "energy": 15.547818, "activity_lines": [ 0.848933, 0.875164, 0.865114, 0.857105 ] }, { "date": "2024-08-30", "close": 0.89, "volume": 19000, "typical_volume": 138700.0, "trend": 0.851267, "fair_value": 0.945979, "relative_strength": 1.065722, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.466731, "energy": 17.148916, "activity_lines": [ 0.864267, 0.876436, 0.8688, 0.859733 ] }, { "date": "2024-09-06", "close": 0.888, "volume": 21000, "typical_volume": 137500.0, "trend": 0.854267, "fair_value": 0.945567, "relative_strength": 4.046603, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.199153, "energy": 17.123195, "activity_lines": [ 0.875867, 0.876145, 0.871895, 0.862103 ] }, { "date": "2024-09-13", "close": 0.93, "volume": 30000, "typical_volume": 138450.0, "trend": 0.8576, "fair_value": 0.945458, "relative_strength": 7.977334, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.812498, "energy": 34.425457, "activity_lines": [ 0.898267, 0.8828, 0.878571, 0.866989 ] }, { "date": "2024-09-20", "close": 0.814, "volume": 262000, "typical_volume": 150700.0, "trend": 0.857267, "fair_value": 0.944538, "relative_strength": -5.843625, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.055387, "energy": 10.536997, "activity_lines": [ 0.874267, 0.868582, 0.873619, 0.864176 ] }, { "date": "2024-09-27", "close": 0.782, "volume": 35000, "typical_volume": 139450.0, "trend": 0.8514, "fair_value": 0.94341, "relative_strength": -11.819485, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.934636, "energy": 15.936412, "activity_lines": [ 0.841467, 0.852291, 0.865562, 0.85932 ] }, { "date": "2024-10-04", "close": 0.766, "volume": 33000, "typical_volume": 139100.0, "trend": 0.847133, "fair_value": 0.942186, "relative_strength": -10.410063, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.018787, "energy": 40.702674, "activity_lines": [ 0.809867, 0.836582, 0.856305, 0.853811 ] }, { "date": "2024-10-11", "close": 0.764, "volume": 25000, "typical_volume": 138850.0, "trend": 0.845267, "fair_value": 0.940966, "relative_strength": -12.298982, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.693942, "energy": 57.095174, "activity_lines": [ 0.785867, 0.821927, 0.847276, 0.848447 ] }, { "date": "2024-10-18", "close": 0.76, "volume": 28000, "typical_volume": 139050.0, "trend": 0.843467, "fair_value": 0.939735, "relative_strength": -14.720304, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.89835, "energy": 71.854715, "activity_lines": [ 0.7688, 0.807927, 0.838181, 0.842946 ] }, { "date": "2024-10-25", "close": 0.752, "volume": 85000, "typical_volume": 141600.0, "trend": 0.8406, "fair_value": 0.938466, "relative_strength": -14.2837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.512716, "energy": 74.276799, "activity_lines": [ 0.7604, 0.793455, 0.828533, 0.837045 ] }, { "date": "2024-11-01", "close": 0.76, "volume": 23000, "typical_volume": 140850.0, "trend": 0.837733, "fair_value": 0.937268, "relative_strength": -12.914747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.631331, "energy": 67.338693, "activity_lines": [ 0.7588, 0.782073, 0.820038, 0.831845 ] }, { "date": "2024-11-08", "close": 0.75, "volume": 15000, "typical_volume": 140950.0, "trend": 0.835867, "fair_value": 0.93602, "relative_strength": -11.707603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.643342, "energy": 61.470777, "activity_lines": [ 0.755333, 0.771055, 0.810819, 0.826185 ] }, { "date": "2024-11-15", "close": 0.76, "volume": 55000, "typical_volume": 141600.0, "trend": 0.834533, "fair_value": 0.934854, "relative_strength": -11.377451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.350438, "energy": 42.017707, "activity_lines": [ 0.756267, 0.7644, 0.802905, 0.82129 ] }, { "date": "2024-11-22", "close": 0.786, "volume": 157000, "typical_volume": 115500.0, "trend": 0.8338, "fair_value": 0.933875, "relative_strength": -6.439985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.532443, "energy": 29.125999, "activity_lines": [ 0.766133, 0.7648, 0.797895, 0.818159 ] }, { "date": "2024-11-29", "close": 0.782, "volume": 353000, "typical_volume": 79050.0, "trend": 0.833133, "fair_value": 0.932882, "relative_strength": -6.416093, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -38.878371, "energy": 23.293756, "activity_lines": [ 0.772933, 0.767091, 0.793248, 0.814817 ] }, { "date": "2024-12-06", "close": 0.76, "volume": 43000, "typical_volume": 72400.0, "trend": 0.830133, "fair_value": 0.93176, "relative_strength": -12.247675, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.55796, "energy": 21.769475, "activity_lines": [ 0.7704, 0.765964, 0.787638, 0.810099 ] }, { "date": "2024-12-13", "close": 0.77, "volume": 49000, "typical_volume": 67350.0, "trend": 0.827333, "fair_value": 0.930716, "relative_strength": -11.245126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.327649, "energy": 18.955296, "activity_lines": [ 0.7712, 0.767055, 0.784, 0.806219 ] }, { "date": "2024-12-20", "close": 0.798, "volume": 113000, "typical_volume": 71850.0, "trend": 0.826267, "fair_value": 0.929865, "relative_strength": -4.893896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.301423, "energy": 16.591211, "activity_lines": [ 0.78, 0.773164, 0.783381, 0.804327 ] }, { "date": "2024-12-27", "close": 0.772, "volume": 295000, "typical_volume": 84650.0, "trend": 0.8252, "fair_value": 0.921994, "relative_strength": -8.968079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.830948, "energy": 17.175613, "activity_lines": [ 0.7776, 0.773927, 0.780486, 0.800826 ] }, { "date": "2025-01-03", "close": 0.732, "volume": 69000, "typical_volume": 87350.0, "trend": 0.8218, "fair_value": 0.915147, "relative_strength": -13.085779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.778194, "energy": 27.649749, "activity_lines": [ 0.7628, 0.7672, 0.773981, 0.794813 ] }, { "date": "2025-01-10", "close": 0.71, "volume": 35000, "typical_volume": 87250.0, "trend": 0.818533, "fair_value": 0.909442, "relative_strength": -17.440179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.550074, "energy": 39.403351, "activity_lines": [ 0.744, 0.756836, 0.765905, 0.7876 ] }, { "date": "2025-01-17", "close": 0.608, "volume": 131000, "typical_volume": 92850.0, "trend": 0.811333, "fair_value": 0.903276, "relative_strength": -31.089574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.027211, "energy": 71.261058, "activity_lines": [ 0.694533, 0.728836, 0.748924, 0.774017 ] }, { "date": "2025-01-24", "close": 0.528, "volume": 317000, "typical_volume": 107650.0, "trend": 0.8006, "fair_value": 0.897199, "relative_strength": -39.445772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.551835, "energy": 86.47246, "activity_lines": [ 0.6292, 0.688873, 0.725667, 0.755738 ] }, { "date": "2025-01-31", "close": 0.52, "volume": 21000, "typical_volume": 107200.0, "trend": 0.786533, "fair_value": 0.891442, "relative_strength": -40.197006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.749332, "energy": 90.812838, "activity_lines": [ 0.5792, 0.651673, 0.703362, 0.737634 ] }, { "date": "2025-02-07", "close": 0.506, "volume": 63000, "typical_volume": 97250.0, "trend": 0.7694, "fair_value": 0.88584, "relative_strength": -42.166354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.482584, "energy": 91.729074, "activity_lines": [ 0.541333, 0.616764, 0.681676, 0.719535 ] }, { "date": "2025-02-14", "close": 0.5, "volume": 12000, "typical_volume": 96100.0, "trend": 0.7536, "fair_value": 0.880519, "relative_strength": -43.643205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.965451, "energy": 90.384152, "activity_lines": [ 0.516533, 0.585782, 0.660886, 0.702155 ] }, { "date": "2025-02-21", "close": 0.532, "volume": 37000, "typical_volume": 96300.0, "trend": 0.7432, "fair_value": 0.875904, "relative_strength": -40.168668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.985308, "energy": 87.41723, "activity_lines": [ 0.5164, 0.565345, 0.644486, 0.687858 ] }, { "date": "2025-02-28", "close": 0.534, "volume": 7000, "typical_volume": 95400.0, "trend": 0.733, "fair_value": 0.872724, "relative_strength": -39.539925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.403514, "energy": 85.263222, "activity_lines": [ 0.522, 0.5496, 0.62939, 0.674361 ] }, { "date": "2025-03-07", "close": 0.508, "volume": 37000, "typical_volume": 95850.0, "trend": 0.7228, "fair_value": 0.869494, "relative_strength": -41.724213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.095608, "energy": 77.196176, "activity_lines": [ 0.518533, 0.533927, 0.612914, 0.659845 ] }, { "date": "2025-03-14", "close": 0.498, "volume": 16000, "typical_volume": 92400.0, "trend": 0.711333, "fair_value": 0.865071, "relative_strength": -42.410071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.994377, "energy": 64.510456, "activity_lines": [ 0.512533, 0.521236, 0.596686, 0.645342 ] }, { "date": "2025-03-21", "close": 0.44, "volume": 69000, "typical_volume": 94700.0, "trend": 0.696667, "fair_value": 0.859801, "relative_strength": -49.06976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.708791, "energy": 71.22618, "activity_lines": [ 0.487733, 0.502255, 0.576143, 0.627837 ] }, { "date": "2025-03-28", "close": 0.404, "volume": 92000, "typical_volume": 98550.0, "trend": 0.680467, "fair_value": 0.854301, "relative_strength": -52.311122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.328098, "energy": 91.578687, "activity_lines": [ 0.454933, 0.481636, 0.553695, 0.608955 ] }, { "date": "2025-04-04", "close": 0.35, "volume": 65000, "typical_volume": 99050.0, "trend": 0.662533, "fair_value": 0.847878, "relative_strength": -53.20058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.567676, "energy": 96.724829, "activity_lines": [ 0.412667, 0.454909, 0.527752, 0.587634 ] }, { "date": "2025-04-11", "close": 0.37, "volume": 56000, "typical_volume": 94000.0, "trend": 0.643867, "fair_value": 0.841378, "relative_strength": -49.033208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.952539, "energy": 92.644129, "activity_lines": [ 0.389333, 0.435055, 0.505667, 0.568761 ] }, { "date": "2025-04-18", "close": 0.365, "volume": 55000, "typical_volume": 79100.0, "trend": 0.6289, "fair_value": 0.834564, "relative_strength": -51.866566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.292697, "energy": 91.197302, "activity_lines": [ 0.373533, 0.417018, 0.485086, 0.55077 ] }, { "date": "2025-04-25", "close": 0.385, "volume": 43000, "typical_volume": 79100.0, "trend": 0.615667, "fair_value": 0.82816, "relative_strength": -50.488702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.604771, "energy": 88.857174, "activity_lines": [ 0.373267, 0.405182, 0.468395, 0.535034 ] }, { "date": "2025-05-02", "close": 0.445, "volume": 90000, "typical_volume": 81150.0, "trend": 0.604967, "fair_value": 0.823, "relative_strength": -43.598337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.437599, "energy": 66.478729, "activity_lines": [ 0.396667, 0.406345, 0.459205, 0.524024 ] }, { "date": "2025-05-09", "close": 0.443, "volume": 26000, "typical_volume": 76800.0, "trend": 0.594267, "fair_value": 0.818276, "relative_strength": -44.651541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.634768, "energy": 57.102446, "activity_lines": [ 0.416667, 0.408727, 0.451371, 0.513574 ] }, { "date": "2025-05-16", "close": 0.413, "volume": 18000, "typical_volume": 62950.0, "trend": 0.5827, "fair_value": 0.813244, "relative_strength": -49.36293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.393092, "energy": 47.655855, "activity_lines": [ 0.420467, 0.407309, 0.442371, 0.50188 ] }, { "date": "2025-05-23", "close": 0.419, "volume": 15000, "typical_volume": 60250.0, "trend": 0.5716, "fair_value": 0.807981, "relative_strength": -46.399246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.008033, "energy": 40.422594, "activity_lines": [ 0.4234, 0.408709, 0.435652, 0.491318 ] }, { "date": "2025-05-30", "close": 0.43, "volume": 21000, "typical_volume": 59550.0, "trend": 0.5606, "fair_value": 0.803212, "relative_strength": -45.161751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.597525, "energy": 39.141652, "activity_lines": [ 0.4264, 0.413545, 0.431471, 0.482183 ] }, { "date": "2025-06-06", "close": 0.499, "volume": 696000, "typical_volume": 87800.0, "trend": 0.552233, "fair_value": 0.798962, "relative_strength": -36.43361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.478668, "energy": 17.73642, "activity_lines": [ 0.4494, 0.431109, 0.435195, 0.478209 ] }, { "date": "2025-06-13", "close": 0.449, "volume": 116000, "typical_volume": 77750.0, "trend": 0.541867, "fair_value": 0.794109, "relative_strength": -40.323837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.931622, "energy": 17.485115, "activity_lines": [ 0.452133, 0.437855, 0.434676, 0.471548 ] }, { "date": "2025-06-20", "close": 0.449, "volume": 59000, "typical_volume": 79650.0, "trend": 0.530633, "fair_value": 0.788962, "relative_strength": -39.192626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.102168, "energy": 17.86904, "activity_lines": [ 0.454467, 0.4428, 0.434533, 0.465557 ] }, { "date": "2025-06-27", "close": 0.441, "volume": 44000, "typical_volume": 78700.0, "trend": 0.519267, "fair_value": 0.784417, "relative_strength": -40.154841, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.939195, "energy": 16.441579, "activity_lines": [ 0.451733, 0.444855, 0.433967, 0.459774 ] }, { "date": "2025-07-04", "close": 0.44, "volume": 37000, "typical_volume": 79950.0, "trend": 0.5086, "fair_value": 0.779224, "relative_strength": -39.059853, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.89078, "energy": 13.105273, "activity_lines": [ 0.4472, 0.445345, 0.433614, 0.45466 ] }, { "date": "2025-07-11", "close": 0.43, "volume": 61000, "typical_volume": 81150.0, "trend": 0.497267, "fair_value": 0.774224, "relative_strength": -39.93283, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.586057, "energy": 20.84633, "activity_lines": [ 0.438667, 0.443018, 0.432595, 0.449589 ] }, { "date": "2025-07-18", "close": 0.414, "volume": 35000, "typical_volume": 82550.0, "trend": 0.484467, "fair_value": 0.769019, "relative_strength": -41.35467, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.236758, "energy": 29.09415, "activity_lines": [ 0.4294, 0.438055, 0.430538, 0.444217 ] }, { "date": "2025-07-25", "close": 0.405, "volume": 103000, "typical_volume": 85850.0, "trend": 0.472233, "fair_value": 0.763923, "relative_strength": -42.260584, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.288305, "energy": 34.228214, "activity_lines": [ 0.419467, 0.431982, 0.428195, 0.43909 ] }, { "date": "2025-08-01", "close": 0.362, "volume": 90000, "typical_volume": 89550.0, "trend": 0.4599, "fair_value": 0.758051, "relative_strength": -46.350623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.794677, "energy": 66.779823, "activity_lines": [ 0.398133, 0.418236, 0.422248, 0.431978 ] }, { "date": "2025-08-08", "close": 0.34, "volume": 116000, "typical_volume": 91900.0, "trend": 0.447567, "fair_value": 0.752295, "relative_strength": -50.666402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.84328, "energy": 79.223921, "activity_lines": [ 0.374733, 0.401527, 0.414852, 0.424243 ] }, { "date": "2025-08-15", "close": 0.344, "volume": 131000, "typical_volume": 93850.0, "trend": 0.438767, "fair_value": 0.746487, "relative_strength": -50.285547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.345961, "energy": 80.339497, "activity_lines": [ 0.359333, 0.387182, 0.408314, 0.417561 ] }, { "date": "2025-08-22", "close": 0.345, "volume": 52000, "typical_volume": 93200.0, "trend": 0.432667, "fair_value": 0.741071, "relative_strength": -49.814312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.152192, "energy": 79.931817, "activity_lines": [ 0.35, 0.375836, 0.402157, 0.411512 ] }, { "date": "2025-08-29", "close": 0.364, "volume": 152000, "typical_volume": 98000.0, "trend": 0.427467, "fair_value": 0.736263, "relative_strength": -44.491387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.963282, "energy": 67.30344, "activity_lines": [ 0.3516, 0.369836, 0.397833, 0.407082 ] }, { "date": "2025-09-05", "close": 0.349, "volume": 65000, "typical_volume": 98500.0, "trend": 0.422233, "fair_value": 0.731577, "relative_strength": -44.777128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.940958, "energy": 65.893383, "activity_lines": [ 0.350933, 0.362655, 0.39211, 0.402019 ] }, { "date": "2025-09-12", "close": 0.333, "volume": 91000, "typical_volume": 100900.0, "trend": 0.416667, "fair_value": 0.726673, "relative_strength": -47.164729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.865401, "energy": 69.815772, "activity_lines": [ 0.3458, 0.354236, 0.384938, 0.396262 ] }, { "date": "2025-09-19", "close": 0.341, "volume": 35000, "typical_volume": 98150.0, "trend": 0.4103, "fair_value": 0.722769, "relative_strength": -44.411798, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.297538, "energy": 59.507853, "activity_lines": [ 0.3438, 0.349218, 0.378776, 0.391381 ] }, { "date": "2025-09-26", "close": 0.338, "volume": 73000, "typical_volume": 100500.0, "trend": 0.403767, "fair_value": 0.719231, "relative_strength": -44.253315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.746805, "energy": 67.106173, "activity_lines": [ 0.341, 0.345273, 0.372824, 0.386716 ] }, { "date": "2025-10-03", "close": 0.301, "volume": 129000, "typical_volume": 106050.0, "trend": 0.396867, "fair_value": 0.715647, "relative_strength": -49.986308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.612129, "energy": 72.826978, "activity_lines": [ 0.326333, 0.335982, 0.363848, 0.380086 ] }, { "date": "2025-10-10", "close": 0.316, "volume": 91000, "typical_volume": 109850.0, "trend": 0.3908, "fair_value": 0.712545, "relative_strength": -44.858473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.680426, "energy": 59.235025, "activity_lines": [ 0.320867, 0.331309, 0.356833, 0.374869 ] }, { "date": "2025-10-17", "close": 0.301, "volume": 116000, "typical_volume": 114600.0, "trend": 0.386167, "fair_value": 0.70925, "relative_strength": -46.015798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.7146, "energy": 64.596379, "activity_lines": [ 0.3126, 0.324745, 0.348881, 0.369075 ] }, { "date": "2025-10-24", "close": 0.269, "volume": 183000, "typical_volume": 88950.0, "trend": 0.381667, "fair_value": 0.705526, "relative_strength": -51.514878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.777579, "energy": 81.76513, "activity_lines": [ 0.2958, 0.313073, 0.338495, 0.361516 ] }, { "date": "2025-10-31", "close": 0.29, "volume": 404000, "typical_volume": 103350.0, "trend": 0.379667, "fair_value": 0.701731, "relative_strength": -47.384927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.703605, "energy": 59.698031, "activity_lines": [ 0.2908, 0.306582, 0.331205, 0.355602 ] }, { "date": "2025-11-07", "close": 0.3, "volume": 212000, "typical_volume": 111000.0, "trend": 0.377333, "fair_value": 0.698122, "relative_strength": -43.962577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.200311, "energy": 55.515732, "activity_lines": [ 0.292333, 0.302909, 0.325624, 0.350462 ] }, { "date": "2025-11-14", "close": 0.33, "volume": 240000, "typical_volume": 120800.0, "trend": 0.376167, "fair_value": 0.694955, "relative_strength": -38.470882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.91604, "energy": 44.585426, "activity_lines": [ 0.303933, 0.305855, 0.32361, 0.347409 ] }, { "date": "2025-11-21", "close": 0.316, "volume": 83000, "typical_volume": 123100.0, "trend": 0.373867, "fair_value": 0.691551, "relative_strength": -37.661014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.025807, "energy": 29.107717, "activity_lines": [ 0.309933, 0.3066, 0.32079, 0.343527 ] }, { "date": "2025-11-28", "close": 0.263, "volume": 136000, "typical_volume": 126850.0, "trend": 0.3678, "fair_value": 0.687917, "relative_strength": -47.474444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.481548, "energy": 41.959656, "activity_lines": [ 0.297267, 0.298018, 0.313514, 0.336374 ] }, { "date": "2025-12-05", "close": 0.26, "volume": 99000, "typical_volume": 130050.0, "trend": 0.3617, "fair_value": 0.684083, "relative_strength": -46.756116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.709669, "energy": 46.764052, "activity_lines": [ 0.284, 0.290309, 0.306748, 0.329419 ] }, { "date": "2025-12-12", "close": 0.228, "volume": 115000, "typical_volume": 130650.0, "trend": 0.355533, "fair_value": 0.680372, "relative_strength": -52.014745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.199446, "energy": 71.823933, "activity_lines": [ 0.262067, 0.2782, 0.297667, 0.320794 ] }, { "date": "2025-12-19", "close": 0.279, "volume": 291000, "typical_volume": 140700.0, "trend": 0.350867, "fair_value": 0.677032, "relative_strength": -41.108577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.635989, "energy": 59.892605, "activity_lines": [ 0.261933, 0.276691, 0.294286, 0.315856 ] }, { "date": "2025-12-26", "close": 0.267, "volume": 4000, "typical_volume": 135100.0, "trend": 0.345433, "fair_value": 0.673872, "relative_strength": -41.690783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.385906, "energy": 51.750943, "activity_lines": [ 0.2612, 0.273673, 0.290157, 0.310445 ] }, { "date": "2026-01-02", "close": 0.271, "volume": 76000, "typical_volume": 132350.0, "trend": 0.337833, "fair_value": 0.670455, "relative_strength": -40.080438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.429162, "energy": 42.151534, "activity_lines": [ 0.265067, 0.272, 0.286757, 0.305643 ] }, { "date": "2026-01-09", "close": 0.34, "volume": 1215000, "typical_volume": 190500.0, "trend": 0.3342, "fair_value": 0.667577, "relative_strength": -23.502783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.857529, "energy": 11.591637, "activity_lines": [ 0.2914, 0.282836, 0.290276, 0.305783 ] }, { "date": "2026-01-16", "close": 0.323, "volume": 155000, "typical_volume": 190650.0, "trend": 0.33, "fair_value": 0.664513, "relative_strength": -26.035216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.60452, "energy": 15.050655, "activity_lines": [ 0.306733, 0.289673, 0.2922, 0.30506 ] }, { "date": "2026-01-23", "close": 0.328, "volume": 103000, "typical_volume": 192550.0, "trend": 0.326233, "fair_value": 0.66125, "relative_strength": -22.126809, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.622465, "energy": 15.671879, "activity_lines": [ 0.3174, 0.297, 0.294795, 0.304931 ] }, { "date": "2026-01-30", "close": 0.318, "volume": 54000, "typical_volume": 190700.0, "trend": 0.322167, "fair_value": 0.658026, "relative_strength": -24.530054, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.667621, "energy": 20.076604, "activity_lines": [ 0.321467, 0.302545, 0.296538, 0.3044 ] }, { "date": "2026-02-06", "close": 0.3, "volume": 114000, "typical_volume": 194650.0, "trend": 0.317833, "fair_value": 0.654628, "relative_strength": -28.284771, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.604727, "energy": 14.424246, "activity_lines": [ 0.316133, 0.304782, 0.296638, 0.30297 ] }, { "date": "2026-02-13", "close": 0.294, "volume": 28000, "typical_volume": 192400.0, "trend": 0.313833, "fair_value": 0.651071, "relative_strength": -28.012795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.072433, "energy": 9.665521, "activity_lines": [ 0.306867, 0.305255, 0.296362, 0.301432 ] }, { "date": "2026-02-20", "close": 0.273, "volume": 13000, "typical_volume": 186600.0, "trend": 0.309433, "fair_value": 0.647667, "relative_strength": -33.519737, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.980941, "energy": 21.011763, "activity_lines": [ 0.293667, 0.301291, 0.294295, 0.298798 ] }, { "date": "2026-02-27", "close": 0.273, "volume": 60000, "typical_volume": 185050.0, "trend": 0.306467, "fair_value": 0.644135, "relative_strength": -33.393279, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.681555, "energy": 28.890003, "activity_lines": [ 0.2838, 0.296509, 0.292362, 0.296447 ] }, { "date": "2026-03-06", "close": 0.271, "volume": 67000, "typical_volume": 182600.0, "trend": 0.304167, "fair_value": 0.638641, "relative_strength": -28.184276, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.967601, "energy": 32.995394, "activity_lines": [ 0.276933, 0.291473, 0.290443, 0.294159 ] }, { "date": "2026-03-13", "close": 0.271, "volume": 31000, "typical_volume": 175000.0, "trend": 0.301733, "fair_value": 0.634109, "relative_strength": -27.345207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.915401, "energy": 48.486885, "activity_lines": [ 0.2732, 0.286364, 0.288667, 0.292019 ] }, { "date": "2026-03-20", "close": 0.26, "volume": 21000, "typical_volume": 155850.0, "trend": 0.2989, "fair_value": 0.628891, "relative_strength": -27.025238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.614743, "energy": 59.560623, "activity_lines": [ 0.267733, 0.279255, 0.285833, 0.289327 ] }, { "date": "2026-03-27", "close": 0.256, "volume": 28000, "typical_volume": 146650.0, "trend": 0.2953, "fair_value": 0.62425, "relative_strength": -28.288328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.875234, "energy": 57.948557, "activity_lines": [ 0.2632, 0.272873, 0.282762, 0.286559 ] }, { "date": "2026-04-03", "close": 0.25, "volume": 21000, "typical_volume": 135700.0, "trend": 0.292, "fair_value": 0.619814, "relative_strength": -32.689528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.846482, "energy": 59.745296, "activity_lines": [ 0.2578, 0.266618, 0.279329, 0.283637 ] }, { "date": "2026-04-10", "close": 0.27, "volume": 54000, "typical_volume": 134250.0, "trend": 0.2899, "fair_value": 0.615788, "relative_strength": -29.467305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.44923, "energy": 62.458788, "activity_lines": [ 0.2606, 0.265418, 0.278181, 0.282217 ] }, { "date": "2026-04-17", "close": 0.274, "volume": 17000, "typical_volume": 128300.0, "trend": 0.287667, "fair_value": 0.611904, "relative_strength": -29.502774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.701014, "energy": 46.90188, "activity_lines": [ 0.2648, 0.265818, 0.277633, 0.281191 ] }, { "date": "2026-04-24", "close": 0.308, "volume": 58000, "typical_volume": 126250.0, "trend": 0.286667, "fair_value": 0.608429, "relative_strength": -17.975213, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.390146, "energy": 11.466327, "activity_lines": [ 0.280133, 0.272873, 0.280271, 0.282503 ] }, { "date": "2026-05-01", "close": 0.278, "volume": 35000, "typical_volume": 122250.0, "trend": 0.2859, "fair_value": 0.604686, "relative_strength": -25.811086, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.361544, "energy": 23.944963, "activity_lines": [ 0.282267, 0.274218, 0.279824, 0.281944 ] }, { "date": "2026-05-08", "close": 0.268, "volume": 70000, "typical_volume": 111200.0, "trend": 0.2843, "fair_value": 0.601301, "relative_strength": -28.971942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.357473, "energy": 24.579815, "activity_lines": [ 0.2796, 0.273655, 0.278186, 0.280789 ] }, { "date": "2026-05-15", "close": 0.272, "volume": 29000, "typical_volume": 112450.0, "trend": 0.283333, "fair_value": 0.598558, "relative_strength": -26.80685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.000008, "energy": 19.786207, "activity_lines": [ 0.277067, 0.273909, 0.276981, 0.279996 ] }, { "date": "2026-05-22", "close": 0.272, "volume": 2000, "typical_volume": 108750.0, "trend": 0.283433, "fair_value": 0.595955, "relative_strength": -26.433324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.761919, "energy": 20.422768, "activity_lines": [ 0.2744, 0.274145, 0.275752, 0.279265 ] }, { "date": "2026-05-29", "close": 0.234, "volume": 118000, "typical_volume": 53900.0, "trend": 0.281567, "fair_value": 0.592955, "relative_strength": -36.385193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.30956, "energy": 64.144208, "activity_lines": [ 0.2592, 0.267455, 0.2709, 0.276075 ] }, { "date": "2026-06-05", "close": 0.232, "volume": 4000, "typical_volume": 46350.0, "trend": 0.2793, "fair_value": 0.589955, "relative_strength": -35.456909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.836395, "energy": 78.385429, "activity_lines": [ 0.248267, 0.260873, 0.266362, 0.272877 ] }, { "date": "2026-06-12", "close": 0.22, "volume": 21000, "typical_volume": 42250.0, "trend": 0.275633, "fair_value": 0.586788, "relative_strength": -39.55411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.907859, "energy": 85.299527, "activity_lines": [ 0.2364, 0.252545, 0.261114, 0.269052 ] }, { "date": "2026-06-19", "close": 0.224, "volume": 17000, "typical_volume": 40400.0, "trend": 0.272567, "fair_value": 0.583801, "relative_strength": -38.830091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.589595, "energy": 86.526916, "activity_lines": [ 0.229067, 0.245491, 0.256762, 0.26572 ] }, { "date": "2026-06-26", "close": 0.21, "volume": 10000, "typical_volume": 35200.0, "trend": 0.2708, "fair_value": 0.580019, "relative_strength": -39.709962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.043484, "energy": 90.953424, "activity_lines": [ 0.220267, 0.236727, 0.251524, 0.261684 ] }, { "date": "2026-07-03", "close": 0.204, "volume": 0, "typical_volume": 33800.0, "trend": 0.268933, "fair_value": 0.576404, "relative_strength": -41.965991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.737101, "energy": 91.207781, "activity_lines": [ 0.2136, 0.228036, 0.246143, 0.257374 ] }, { "date": "2026-07-10", "close": 0.204, "volume": 17000, "typical_volume": 34000.0, "trend": 0.268133, "fair_value": 0.572763, "relative_strength": -40.563082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.717973, "energy": 89.046689, "activity_lines": [ 0.208933, 0.221236, 0.24119, 0.253185 ] }, { "date": "2026-07-17", "close": 0.202, "volume": 9000, "typical_volume": 31450.0, "trend": 0.265567, "fair_value": 0.569173, "relative_strength": -39.172006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.859279, "energy": 86.65721, "activity_lines": [ 0.205467, 0.215418, 0.236376, 0.248918 ] }, { "date": "2026-07-24", "close": 0.2, "volume": 21000, "typical_volume": 29150.0, "trend": 0.263333, "fair_value": 0.565801, "relative_strength": -38.558218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.408552, "energy": 87.527737, "activity_lines": [ 0.202533, 0.210436, 0.23171, 0.244688 ] }, { "date": "2026-07-31", "close": 0.192, "volume": 24000, "typical_volume": 28800.0, "trend": 0.2607, "fair_value": 0.562314, "relative_strength": -40.454391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.581407, "energy": 91.876697, "activity_lines": [ 0.198533, 0.205309, 0.226619, 0.240086 ] }, { "date": "2026-08-07", "close": 0.214, "volume": 45000, "typical_volume": 30000.0, "trend": 0.2565, "fair_value": 0.559071, "relative_strength": -34.688699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.845256, "energy": 68.872276, "activity_lines": [ 0.203067, 0.205636, 0.224, 0.237073 ] } ], "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." } } }