{ "ticker": { "uuid": "682780c4-a5bb-45f1-9663-9c7eb11a2960", "symbol": "NKTX", "name": "Nkarta\u00a0Inc", "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": 71.44, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -16.861, "architecture_energy": 36.585, "architecture_maturity": 7.146, "architecture_confidence": 71.35, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 48.67, "rotation_up": 17.5, "upward_expansion": 22.85, "deceleration": 50.89, "rotation_down": 59.08, "downward_expansion": 45.52 }, "activity_lines": [ 2.359333, 2.569455, 2.714333, 2.671484 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 2.41, "trend_reference": 2.575667, "distance_from_trend": -0.06432, "trend_direction": "Improving", "fair_value": 3.631603, "distance_from_fair_value": -0.336381, "fair_value_direction": "Weakening", "relative_strength": -9.705529, "relative_strength_direction": "Weakening", "price_momentum": 0.193069, "excess_performance": 0.005616, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.06432, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.112759, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.336381, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.203833, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.097055, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.346289, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.193069, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.569552, "read": "Supply-led" } ], "volume": { "latest": 3398084, "relative_activity": 0.938463, "balance": 0.569552, "dry_up": 0.915387, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.227191, "annualized_volatility": 1.073219, "from_high_reference": -0.352151, "from_low_reference": 0.417647 }, "levels": { "trend_reference": 2.575667, "fair_value_reference": 3.631603, "structural_low": 1.95, "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": 4, "median_return": 0.061042, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.053155, "regime_survival": 0.5, "best_return": 0.187166, "worst_return": -0.079632, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.082653, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.076007, "regime_survival": 0.0, "best_return": 0.388889, "worst_return": -0.223583, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.109056, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.224725, "regime_survival": 0.0, "best_return": 0.394444, "worst_return": -0.612557, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.733538, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.894949, "regime_survival": 0.0, "best_return": -0.733538, "worst_return": -0.733538, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.079632, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-21", "end": "2025-07-18", "tenure": "Extended", "return": -0.652727, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": -0.018519, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": 0.19697, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-11-07", "tenure": "Developing", "return": -0.075472, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": 0.010695, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-05", "end": "2026-01-09", "tenure": "Developing", "return": 0.161111, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": 0.220588, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-27", "tenure": "Developing", "return": 0.216216, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-04-03", "tenure": "Developing", "return": -0.072, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-10", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-07-10", "tenure": "Established", "return": -0.144092, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": -0.196154, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.85, "volume": 1944760, "typical_volume": 2134948.1, "trend": 3.881667, "fair_value": 19.785449, "relative_strength": -77.062084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.653155, "energy": 68.010393, "activity_lines": [ 2.014, 2.194364, 3.025667, 3.390903 ] }, { "date": "2023-08-25", "close": 1.72, "volume": 1524210, "typical_volume": 2101969.65, "trend": 3.771, "fair_value": 19.626026, "relative_strength": -78.206484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.093979, "energy": 67.708624, "activity_lines": [ 1.898667, 2.033455, 2.84919, 3.251441 ] }, { "date": "2023-09-01", "close": 1.77, "volume": 944603, "typical_volume": 2042459.7, "trend": 3.638333, "fair_value": 19.460128, "relative_strength": -77.502919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.881135, "energy": 66.23534, "activity_lines": [ 1.829333, 1.938909, 2.686238, 3.122344 ] }, { "date": "2023-09-08", "close": 1.59, "volume": 1676177, "typical_volume": 2046885.05, "trend": 3.515, "fair_value": 19.266474, "relative_strength": -78.659315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.944033, "energy": 67.815556, "activity_lines": [ 1.725333, 1.863455, 2.519238, 2.990194 ] }, { "date": "2023-09-15", "close": 1.63, "volume": 2757322, "typical_volume": 2115029.45, "trend": 3.392667, "fair_value": 19.060192, "relative_strength": -77.084629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.779423, "energy": 67.659252, "activity_lines": [ 1.674, 1.806182, 2.37119, 2.868581 ] }, { "date": "2023-09-22", "close": 1.61, "volume": 1155169, "typical_volume": 2084783.1, "trend": 3.304333, "fair_value": 18.874295, "relative_strength": -75.592125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.748204, "energy": 67.640779, "activity_lines": [ 1.64, 1.752909, 2.237048, 2.75357 ] }, { "date": "2023-09-29", "close": 1.39, "volume": 2716345, "typical_volume": 2132443.6, "trend": 3.190333, "fair_value": 18.692628, "relative_strength": -77.894497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.937671, "energy": 93.475185, "activity_lines": [ 1.548667, 1.666545, 2.096333, 2.630065 ] }, { "date": "2023-10-06", "close": 1.35, "volume": 2511531, "typical_volume": 2183283.45, "trend": 3.109333, "fair_value": 18.514103, "relative_strength": -77.786264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.271298, "energy": 92.659107, "activity_lines": [ 1.466, 1.586909, 1.966571, 2.511333 ] }, { "date": "2023-10-13", "close": 1.54, "volume": 1974750, "typical_volume": 2232656.55, "trend": 3.032667, "fair_value": 18.318846, "relative_strength": -73.245837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.988591, "energy": 87.182168, "activity_lines": [ 1.474667, 1.556364, 1.870143, 2.410086 ] }, { "date": "2023-10-20", "close": 2.2, "volume": 121938242, "typical_volume": 8302744.95, "trend": 2.993667, "fair_value": 18.141282, "relative_strength": -58.582715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.028166, "energy": 46.532887, "activity_lines": [ 1.706667, 1.657455, 1.850905, 2.356366 ] }, { "date": "2023-10-27", "close": 2.05, "volume": 10919945, "typical_volume": 8809044.75, "trend": 2.943667, "fair_value": 17.970385, "relative_strength": -58.188746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.564097, "energy": 30.894726, "activity_lines": [ 1.850667, 1.727455, 1.829524, 2.295484 ] }, { "date": "2023-11-03", "close": 2.3, "volume": 6494530, "typical_volume": 9031508.95, "trend": 2.901667, "fair_value": 17.803782, "relative_strength": -53.459641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.299767, "energy": 25.502032, "activity_lines": [ 2.048667, 1.839273, 1.844286, 2.253957 ] }, { "date": "2023-11-10", "close": 2.03, "volume": 3313779, "typical_volume": 9122916.8, "trend": 2.818667, "fair_value": 17.612756, "relative_strength": -58.067351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.64126, "energy": 23.302465, "activity_lines": [ 2.096, 1.891455, 1.845571, 2.19772 ] }, { "date": "2023-11-17", "close": 2.61, "volume": 3917985, "typical_volume": 9004110.75, "trend": 2.746667, "fair_value": 17.407949, "relative_strength": -44.989863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.795055, "energy": 22.876574, "activity_lines": [ 2.291333, 2.044364, 1.914429, 2.184258 ] }, { "date": "2023-11-24", "close": 2.62, "volume": 1644840, "typical_volume": 8917316.5, "trend": 2.669, "fair_value": 17.207436, "relative_strength": -43.163611, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.529194, "energy": 26.52592, "activity_lines": [ 2.418667, 2.180545, 1.982238, 2.176086 ] }, { "date": "2023-12-01", "close": 2.72, "volume": 2109670, "typical_volume": 8827828.95, "trend": 2.605333, "fair_value": 16.970385, "relative_strength": -38.813616, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.257431, "energy": 30.132693, "activity_lines": [ 2.551333, 2.316909, 2.056857, 2.179376 ] }, { "date": "2023-12-08", "close": 2.73, "volume": 1899823, "typical_volume": 8772111.8, "trend": 2.546667, "fair_value": 16.547756, "relative_strength": -36.85021, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.143468, "energy": 47.621969, "activity_lines": [ 2.642667, 2.434909, 2.128952, 2.187419 ] }, { "date": "2023-12-15", "close": 3.2, "volume": 4115510, "typical_volume": 8891430.4, "trend": 2.501667, "fair_value": 16.167372, "relative_strength": -26.073027, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.75775, "energy": 61.258638, "activity_lines": [ 2.862, 2.614, 2.243095, 2.22957 ] }, { "date": "2023-12-22", "close": 4.63, "volume": 6481714, "typical_volume": 9099836.65, "trend": 2.504333, "fair_value": 15.753654, "relative_strength": 7.80007, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 67.50888, "energy": 79.880852, "activity_lines": [ 3.48, 3.019455, 2.488429, 2.366882 ] }, { "date": "2023-12-29", "close": 6.6, "volume": 7908817, "typical_volume": 9397486.1, "trend": 2.566, "fair_value": 15.401923, "relative_strength": 55.010368, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 98.380705, "energy": 98.32193, "activity_lines": [ 4.62, 3.726909, 2.909714, 2.631118 ] }, { "date": "2024-01-05", "close": 6.06, "volume": 6138337, "typical_volume": 9607164.95, "trend": 2.613333, "fair_value": 15.08891, "relative_strength": 48.67272, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.434343, "energy": 94.947609, "activity_lines": [ 5.314667, 4.256182, 3.257619, 2.856538 ] }, { "date": "2024-01-12", "close": 8.91, "volume": 67800609, "typical_volume": 12920984.9, "trend": 2.748, "fair_value": 14.817244, "relative_strength": 111.047261, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.877278, "energy": 97.845111, "activity_lines": [ 6.736667, 5.230727, 3.856905, 3.262774 ] }, { "date": "2024-01-19", "close": 7.42, "volume": 8018637, "typical_volume": 13274686.6, "trend": 2.841333, "fair_value": 14.546731, "relative_strength": 71.331296, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.885179, "energy": 89.704163, "activity_lines": [ 7.25, 5.814182, 4.280048, 3.564194 ] }, { "date": "2024-01-26", "close": 9.17, "volume": 4641393, "typical_volume": 13422947.4, "trend": 3.074, "fair_value": 14.351282, "relative_strength": 108.666527, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.599859, "energy": 87.073014, "activity_lines": [ 8.065333, 6.617818, 4.842952, 3.972495 ] }, { "date": "2024-02-02", "close": 9.66, "volume": 5860458, "typical_volume": 13578104.2, "trend": 3.327667, "fair_value": 14.107179, "relative_strength": 115.70903, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.07918, "energy": 75.479939, "activity_lines": [ 8.741333, 7.391273, 5.416429, 4.397398 ] }, { "date": "2024-02-09", "close": 11.11, "volume": 3811302, "typical_volume": 13710910.85, "trend": 3.631667, "fair_value": 13.835769, "relative_strength": 140.140503, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.010104, "energy": 80.162061, "activity_lines": [ 9.696667, 8.300364, 6.089762, 4.899484 ] }, { "date": "2024-02-16", "close": 10.84, "volume": 4129974, "typical_volume": 13781592.3, "trend": 3.921, "fair_value": 13.546218, "relative_strength": 134.652379, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.296827, "energy": 70.622503, "activity_lines": [ 10.225333, 9.007818, 6.692143, 5.364538 ] }, { "date": "2024-02-23", "close": 9.6, "volume": 1687675, "typical_volume": 13740399.5, "trend": 4.169333, "fair_value": 13.295192, "relative_strength": 102.216336, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.112656, "energy": 65.827932, "activity_lines": [ 10.212, 9.342364, 7.131429, 5.730925 ] }, { "date": "2024-03-01", "close": 12.84, "volume": 3556754, "typical_volume": 13819499.7, "trend": 4.524667, "fair_value": 13.097308, "relative_strength": 159.299868, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.029769, "energy": 71.305032, "activity_lines": [ 11.133333, 10.149636, 7.84, 6.290323 ] }, { "date": "2024-03-08", "close": 14.63, "volume": 4742409, "typical_volume": 7959708.05, "trend": 4.946, "fair_value": 12.878397, "relative_strength": 189.786228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.540008, "energy": 71.344771, "activity_lines": [ 12.406667, 11.133091, 8.665238, 6.94228 ] }, { "date": "2024-03-15", "close": 12.165, "volume": 3544589, "typical_volume": 7590940.25, "trend": 5.289833, "fair_value": 12.695353, "relative_strength": 137.68199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.054097, "energy": 59.064804, "activity_lines": [ 12.527, 11.522364, 9.196524, 7.408022 ] }, { "date": "2024-03-22", "close": 8.92, "volume": 5658444, "typical_volume": 7549135.95, "trend": 5.529833, "fair_value": 12.528045, "relative_strength": 66.731469, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.503269, "energy": 48.251977, "activity_lines": [ 11.495333, 11.210636, 9.370595, 7.642226 ] }, { "date": "2024-03-29", "close": 10.81, "volume": 10684844, "typical_volume": 7917689.2, "trend": 5.831167, "fair_value": 12.390801, "relative_strength": 98.920968, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.951944, "energy": 36.970687, "activity_lines": [ 11.221667, 11.242364, 9.693143, 7.982882 ] }, { "date": "2024-04-05", "close": 9.39, "volume": 5872539, "typical_volume": 8015416.9, "trend": 6.091167, "fair_value": 12.244071, "relative_strength": 71.471636, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.418948, "energy": 21.998445, "activity_lines": [ 10.394, 10.954273, 9.838643, 8.212484 ] }, { "date": "2024-04-12", "close": 8.74, "volume": 5140571, "typical_volume": 8190203.45, "trend": 6.328167, "fair_value": 12.076571, "relative_strength": 59.011172, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.137398, "energy": 23.89278, "activity_lines": [ 9.579667, 10.544, 9.889952, 8.383376 ] }, { "date": "2024-04-19", "close": 7.29, "volume": 4574484, "typical_volume": 8313444.15, "trend": 6.5175, "fair_value": 11.913045, "relative_strength": 39.668555, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.13253, "energy": 17.133739, "activity_lines": [ 8.674667, 9.886818, 9.774024, 8.44543 ] }, { "date": "2024-04-26", "close": 6.87, "volume": 4741089, "typical_volume": 8455507.45, "trend": 6.700167, "fair_value": 11.752917, "relative_strength": 26.533735, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.151973, "energy": 19.104631, "activity_lines": [ 7.954667, 9.222727, 9.596333, 8.468172 ] }, { "date": "2024-05-03", "close": 7.4, "volume": 4416587, "typical_volume": 8470561.3, "trend": 6.901833, "fair_value": 11.623045, "relative_strength": 34.368599, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.77476, "energy": 19.927027, "activity_lines": [ 7.548, 8.727182, 9.449405, 8.513323 ] }, { "date": "2024-05-10", "close": 6.25, "volume": 5222346, "typical_volume": 8407592.9, "trend": 7.058833, "fair_value": 11.483878, "relative_strength": 11.758299, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.111702, "energy": 34.195344, "activity_lines": [ 6.985333, 8.062545, 9.172952, 8.471269 ] }, { "date": "2024-05-17", "close": 6.53, "volume": 4455053, "typical_volume": 8234904.7, "trend": 7.203167, "fair_value": 11.355865, "relative_strength": 14.111657, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.460228, "energy": 42.932366, "activity_lines": [ 6.725333, 7.568636, 8.915452, 8.437151 ] }, { "date": "2024-05-24", "close": 6.44, "volume": 2274203, "typical_volume": 8041698.0, "trend": 7.3495, "fair_value": 11.241058, "relative_strength": 10.863587, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.168484, "energy": 38.089396, "activity_lines": [ 6.582667, 7.205636, 8.649714, 8.387914 ] }, { "date": "2024-05-31", "close": 6.79, "volume": 1982236, "typical_volume": 4750779.35, "trend": 7.499167, "fair_value": 11.121635, "relative_strength": 18.482196, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.37668, "energy": 29.96289, "activity_lines": [ 6.613333, 7.010364, 8.4155, 8.351817 ] }, { "date": "2024-06-07", "close": 6.6, "volume": 2320116, "typical_volume": 4465853.3, "trend": 7.6515, "fair_value": 11.003494, "relative_strength": 11.936616, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.644556, "energy": 27.775888, "activity_lines": [ 6.586, 6.819273, 8.173286, 8.293806 ] }, { "date": "2024-06-14", "close": 6.01, "volume": 2549041, "typical_volume": 4361235.7, "trend": 7.764833, "fair_value": 10.872276, "relative_strength": -1.405693, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.86326, "energy": 36.101621, "activity_lines": [ 6.415333, 6.597455, 7.878786, 8.187903 ] }, { "date": "2024-06-21", "close": 5.5, "volume": 3782906, "typical_volume": 4257358.1, "trend": 7.860833, "fair_value": 10.719006, "relative_strength": -9.773231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -42.425586, "energy": 55.253788, "activity_lines": [ 6.090667, 6.344364, 7.550762, 8.041785 ] }, { "date": "2024-06-28", "close": 5.91, "volume": 7910626, "typical_volume": 4462324.3, "trend": 7.967167, "fair_value": 10.558686, "relative_strength": -3.911769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.080558, "energy": 67.103065, "activity_lines": [ 5.971333, 6.224727, 7.281595, 7.915925 ] }, { "date": "2024-07-05", "close": 5.18, "volume": 1767665, "typical_volume": 4344208.85, "trend": 8.048833, "fair_value": 10.408814, "relative_strength": -19.255733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.890133, "energy": 77.384521, "activity_lines": [ 5.644, 5.997455, 6.967667, 7.736108 ] }, { "date": "2024-07-12", "close": 6.51, "volume": 3741327, "typical_volume": 4446891.45, "trend": 8.159167, "fair_value": 10.253237, "relative_strength": 0.573425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.719758, "energy": 64.480086, "activity_lines": [ 5.867333, 6.042727, 6.807357, 7.636828 ] }, { "date": "2024-07-19", "close": 6.21, "volume": 6490612, "typical_volume": 4593584.35, "trend": 8.211833, "fair_value": 10.087019, "relative_strength": -1.165925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.711502, "energy": 41.794354, "activity_lines": [ 5.996667, 6.049636, 6.63319, 7.511075 ] }, { "date": "2024-07-26", "close": 7.04, "volume": 2595210, "typical_volume": 4486224.4, "trend": 8.2265, "fair_value": 9.928558, "relative_strength": 13.435736, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.274879, "energy": 28.657069, "activity_lines": [ 6.389333, 6.208182, 6.569643, 7.435473 ] }, { "date": "2024-08-02", "close": 5.97, "volume": 2625898, "typical_volume": 4440289.85, "trend": 8.2235, "fair_value": 9.720353, "relative_strength": -1.799978, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.692425, "energy": 24.590931, "activity_lines": [ 6.322667, 6.162909, 6.440333, 7.289892 ] }, { "date": "2024-08-09", "close": 4.93, "volume": 2663088, "typical_volume": 4290522.05, "trend": 8.090833, "fair_value": 9.510673, "relative_strength": -19.82874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.246397, "energy": 41.683949, "activity_lines": [ 5.905333, 5.937091, 6.241476, 7.077409 ] }, { "date": "2024-08-16", "close": 5.07, "volume": 4266435, "typical_volume": 3969601.6, "trend": 8.0125, "fair_value": 9.336763, "relative_strength": -22.423105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.077061, "energy": 44.165325, "activity_lines": [ 5.551333, 5.770545, 6.074952, 6.882516 ] }, { "date": "2024-08-23", "close": 5.32, "volume": 2328009, "typical_volume": 3792375.1, "trend": 7.884167, "fair_value": 9.153365, "relative_strength": -20.146731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.157608, "energy": 52.495015, "activity_lines": [ 5.376667, 5.677273, 5.959571, 6.708806 ] }, { "date": "2024-08-30", "close": 5.31, "volume": 2065100, "typical_volume": 3638601.55, "trend": 7.739167, "fair_value": 9.001571, "relative_strength": -20.381849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.212804, "energy": 54.578501, "activity_lines": [ 5.258, 5.594727, 5.862619, 6.542731 ] }, { "date": "2024-09-06", "close": 5.32, "volume": 1779490, "typical_volume": 3498851.85, "trend": 7.546167, "fair_value": 8.861058, "relative_strength": -16.19875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.38452, "energy": 43.019912, "activity_lines": [ 5.258, 5.517455, 5.782952, 6.386656 ] }, { "date": "2024-09-13", "close": 5.71, "volume": 2850698, "typical_volume": 3404332.3, "trend": 7.375167, "fair_value": 8.697083, "relative_strength": -15.964695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.739901, "energy": 33.189849, "activity_lines": [ 5.431333, 5.521818, 5.74981, 6.268194 ] }, { "date": "2024-09-20", "close": 5.21, "volume": 2185317, "typical_volume": 3292768.8, "trend": 7.228833, "fair_value": 8.537212, "relative_strength": -25.084323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.788273, "energy": 32.560453, "activity_lines": [ 5.386, 5.425636, 5.674571, 6.128505 ] }, { "date": "2024-09-27", "close": 4.52, "volume": 2598020, "typical_volume": 3161552.5, "trend": 6.9515, "fair_value": 8.393878, "relative_strength": -36.129369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.929008, "energy": 38.9319, "activity_lines": [ 5.101333, 5.227636, 5.544048, 5.953742 ] }, { "date": "2024-10-04", "close": 3.92, "volume": 3388301, "typical_volume": 3108214.9, "trend": 6.5945, "fair_value": 8.302981, "relative_strength": -44.986694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.54572, "energy": 47.384779, "activity_lines": [ 4.67, 4.951273, 5.364619, 5.758161 ] }, { "date": "2024-10-11", "close": 3.89, "volume": 3355529, "typical_volume": 3162281.2, "trend": 6.318667, "fair_value": 8.210353, "relative_strength": -46.33298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.630766, "energy": 70.914526, "activity_lines": [ 4.321333, 4.726182, 5.194762, 5.583677 ] }, { "date": "2024-10-18", "close": 4.26, "volume": 3200869, "typical_volume": 3223212.85, "trend": 6.163333, "fair_value": 8.127917, "relative_strength": -41.54158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.919061, "energy": 73.103168, "activity_lines": [ 4.191333, 4.606182, 5.072286, 5.45086 ] }, { "date": "2024-10-25", "close": 3.33, "volume": 4027593, "typical_volume": 3308586.7, "trend": 5.914, "fair_value": 8.04875, "relative_strength": -54.426386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.16703, "energy": 80.920677, "activity_lines": [ 3.848, 4.329273, 4.873286, 5.268065 ] }, { "date": "2024-11-01", "close": 3.19, "volume": 4698800, "typical_volume": 3416074.65, "trend": 5.707333, "fair_value": 7.954904, "relative_strength": -55.649978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.466764, "energy": 82.181387, "activity_lines": [ 3.583333, 4.058545, 4.676524, 5.092323 ] }, { "date": "2024-11-08", "close": 3.19, "volume": 6524858, "typical_volume": 3553172.25, "trend": 5.522333, "fair_value": 7.850096, "relative_strength": -57.997951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.568745, "energy": 81.286979, "activity_lines": [ 3.407333, 3.826545, 4.49319, 4.929914 ] }, { "date": "2024-11-15", "close": 2.53, "volume": 5244776, "typical_volume": 3419879.75, "trend": 5.363667, "fair_value": 7.754968, "relative_strength": -65.432306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.959104, "energy": 88.512741, "activity_lines": [ 3.06, 3.513091, 4.258, 4.73686 ] }, { "date": "2024-11-22", "close": 2.45, "volume": 6897910, "typical_volume": 3676392.0, "trend": 5.216333, "fair_value": 7.666058, "relative_strength": -67.052657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.246791, "energy": 88.171821, "activity_lines": [ 2.776667, 3.235818, 4.031286, 4.548882 ] }, { "date": "2024-11-29", "close": 2.87, "volume": 6049534, "typical_volume": 3791802.35, "trend": 5.065333, "fair_value": 7.595096, "relative_strength": -61.633719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.683158, "energy": 78.353814, "activity_lines": [ 2.754, 3.094182, 3.857571, 4.397505 ] }, { "date": "2024-12-06", "close": 2.58, "volume": 8294378, "typical_volume": 3881990.65, "trend": 4.943, "fair_value": 7.518814, "relative_strength": -66.514564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.055514, "energy": 69.729904, "activity_lines": [ 2.665333, 2.942364, 3.673571, 4.237161 ] }, { "date": "2024-12-13", "close": 2.34, "volume": 21589884, "typical_volume": 4831724.35, "trend": 4.803333, "fair_value": 7.439776, "relative_strength": -69.72056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.002723, "energy": 68.707639, "activity_lines": [ 2.537333, 2.782182, 3.484, 4.069226 ] }, { "date": "2024-12-20", "close": 2.37, "volume": 8919710, "typical_volume": 5146414.95, "trend": 4.667667, "fair_value": 7.355224, "relative_strength": -68.34537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.195923, "energy": 62.277628, "activity_lines": [ 2.476, 2.656182, 3.319667, 3.912237 ] }, { "date": "2024-12-27", "close": 2.41, "volume": 5884235, "typical_volume": 5307472.3, "trend": 4.521667, "fair_value": 7.272276, "relative_strength": -67.602407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.649642, "energy": 61.589944, "activity_lines": [ 2.438667, 2.565091, 3.176286, 3.766581 ] }, { "date": "2025-01-03", "close": 2.5, "volume": 6305602, "typical_volume": 5409430.65, "trend": 4.385, "fair_value": 7.201763, "relative_strength": -65.645266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.682114, "energy": 58.978266, "activity_lines": [ 2.434, 2.524, 3.053476, 3.636151 ] }, { "date": "2025-01-10", "close": 2.35, "volume": 4283668, "typical_volume": 5507213.6, "trend": 4.263, "fair_value": 7.139006, "relative_strength": -66.181841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.359988, "energy": 57.332972, "activity_lines": [ 2.404, 2.470727, 2.928619, 3.50486 ] }, { "date": "2025-01-17", "close": 2.47, "volume": 7006473, "typical_volume": 5754282.25, "trend": 4.162, "fair_value": 7.087532, "relative_strength": -64.804625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.491355, "energy": 52.262507, "activity_lines": [ 2.429333, 2.454545, 2.829333, 3.389183 ] }, { "date": "2025-01-24", "close": 2.49, "volume": 5116006, "typical_volume": 5921108.05, "trend": 4.048, "fair_value": 7.043814, "relative_strength": -64.174194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.622632, "energy": 50.668313, "activity_lines": [ 2.452667, 2.455091, 2.745476, 3.281312 ] }, { "date": "2025-01-31", "close": 2.34, "volume": 4526645, "typical_volume": 6004905.4, "trend": 3.953333, "fair_value": 6.997212, "relative_strength": -64.925288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.365884, "energy": 51.022499, "activity_lines": [ 2.418, 2.429091, 2.66081, 3.171118 ] }, { "date": "2025-02-07", "close": 2.17, "volume": 3586967, "typical_volume": 6074987.9, "trend": 3.808667, "fair_value": 6.947019, "relative_strength": -66.429995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.161284, "energy": 53.323685, "activity_lines": [ 2.331333, 2.374182, 2.576, 3.056065 ] }, { "date": "2025-02-14", "close": 2.21, "volume": 3288257, "typical_volume": 6109499.75, "trend": 3.675333, "fair_value": 6.900288, "relative_strength": -65.644709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.113685, "energy": 62.081658, "activity_lines": [ 2.28, 2.339273, 2.509476, 2.952925 ] }, { "date": "2025-02-21", "close": 2.05, "volume": 4531420, "typical_volume": 6166655.7, "trend": 3.509, "fair_value": 6.853365, "relative_strength": -66.416814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.604156, "energy": 62.444128, "activity_lines": [ 2.184667, 2.282, 2.438714, 2.848065 ] }, { "date": "2025-02-28", "close": 1.75, "volume": 5304028, "typical_volume": 6264080.65, "trend": 3.368333, "fair_value": 6.80625, "relative_strength": -69.00914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.139773, "energy": 81.324402, "activity_lines": [ 2.017333, 2.175455, 2.348286, 2.734581 ] }, { "date": "2025-03-07", "close": 1.84, "volume": 6310524, "typical_volume": 6419563.4, "trend": 3.265333, "fair_value": 6.754199, "relative_strength": -64.50044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.777585, "energy": 80.840584, "activity_lines": [ 1.929333, 2.096545, 2.276619, 2.635978 ] }, { "date": "2025-03-14", "close": 1.66, "volume": 3544111, "typical_volume": 6395389.3, "trend": 3.151667, "fair_value": 6.68766, "relative_strength": -65.610877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.39741, "energy": 83.851584, "activity_lines": [ 1.814667, 1.995273, 2.199333, 2.532409 ] }, { "date": "2025-03-21", "close": 1.5, "volume": 4884879, "typical_volume": 6404693.25, "trend": 3.024333, "fair_value": 6.623686, "relative_strength": -67.963749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.131788, "energy": 89.560898, "activity_lines": [ 1.680667, 1.880182, 2.114762, 2.425849 ] }, { "date": "2025-03-28", "close": 2.0, "volume": 33253401, "typical_volume": 7741120.4, "trend": 2.914, "fair_value": 6.563173, "relative_strength": -54.447625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.393051, "energy": 56.267961, "activity_lines": [ 1.760667, 1.871455, 2.085857, 2.359763 ] }, { "date": "2025-04-04", "close": 1.63, "volume": 6871651, "typical_volume": 7822464.15, "trend": 2.791, "fair_value": 6.501635, "relative_strength": -57.266653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.924193, "energy": 56.486681, "activity_lines": [ 1.720667, 1.804, 2.027381, 2.276925 ] }, { "date": "2025-04-11", "close": 1.575, "volume": 5474519, "typical_volume": 7751294.6, "trend": 2.653167, "fair_value": 6.455385, "relative_strength": -60.183665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.396662, "energy": 54.147703, "activity_lines": [ 1.670333, 1.742182, 1.967952, 2.198473 ] }, { "date": "2025-04-18", "close": 1.81, "volume": 2923288, "typical_volume": 7594982.3, "trend": 2.539833, "fair_value": 6.417179, "relative_strength": -51.73005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.1779, "energy": 42.327577, "activity_lines": [ 1.716, 1.737, 1.935071, 2.144075 ] }, { "date": "2025-04-25", "close": 2.11, "volume": 4375497, "typical_volume": 7399038.25, "trend": 2.4595, "fair_value": 6.3125, "relative_strength": -45.686978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.147484, "energy": 30.29125, "activity_lines": [ 1.851667, 1.792909, 1.93581, 2.116344 ] }, { "date": "2025-05-02", "close": 2.09, "volume": 2659924, "typical_volume": 6452540.25, "trend": 2.3985, "fair_value": 6.227885, "relative_strength": -46.384447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.483165, "energy": 18.639588, "activity_lines": [ 1.94, 1.847, 1.936881, 2.092505 ] }, { "date": "2025-05-09", "close": 1.93, "volume": 2238510, "typical_volume": 6118480.25, "trend": 2.333167, "fair_value": 6.150385, "relative_strength": -49.142256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.787857, "energy": 20.580484, "activity_lines": [ 1.969, 1.871273, 1.923905, 2.06228 ] }, { "date": "2025-05-16", "close": 1.74, "volume": 2648013, "typical_volume": 5956669.15, "trend": 2.249167, "fair_value": 6.080321, "relative_strength": -55.875099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.241621, "energy": 20.996365, "activity_lines": [ 1.914667, 1.857727, 1.894929, 2.024011 ] }, { "date": "2025-05-23", "close": 1.75, "volume": 2001071, "typical_volume": 5741442.6, "trend": 2.1965, "fair_value": 6.004679, "relative_strength": -53.279427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.619731, "energy": 21.002798, "activity_lines": [ 1.852667, 1.847818, 1.870095, 1.991806 ] }, { "date": "2025-05-30", "close": 1.74, "volume": 1210441, "typical_volume": 5587781.25, "trend": 2.148167, "fair_value": 5.919359, "relative_strength": -52.978381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.377347, "energy": 31.032709, "activity_lines": [ 1.791333, 1.834455, 1.847881, 1.962355 ] }, { "date": "2025-06-06", "close": 1.9, "volume": 2446975, "typical_volume": 5359806.35, "trend": 2.105167, "fair_value": 5.846346, "relative_strength": -48.198659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.783421, "energy": 25.835515, "activity_lines": [ 1.808, 1.845818, 1.84381, 1.946344 ] }, { "date": "2025-06-13", "close": 1.86, "volume": 2581006, "typical_volume": 5233056.35, "trend": 2.082833, "fair_value": 5.779744, "relative_strength": -47.683286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.238294, "energy": 21.146604, "activity_lines": [ 1.824, 1.851727, 1.838643, 1.930527 ] }, { "date": "2025-06-20", "close": 1.77, "volume": 1733860, "typical_volume": 5093417.1, "trend": 2.060167, "fair_value": 5.707628, "relative_strength": -49.016047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.039961, "energy": 20.672104, "activity_lines": [ 1.814667, 1.837091, 1.827905, 1.910344 ] }, { "date": "2025-06-27", "close": 1.66, "volume": 3049027, "typical_volume": 5066520.1, "trend": 2.019833, "fair_value": 5.633782, "relative_strength": -52.800346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.845807, "energy": 29.406722, "activity_lines": [ 1.766667, 1.798909, 1.809405, 1.884527 ] }, { "date": "2025-07-04", "close": 1.75, "volume": 1476407, "typical_volume": 4975927.6, "trend": 1.992167, "fair_value": 5.552244, "relative_strength": -49.863921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.235288, "energy": 31.117741, "activity_lines": [ 1.754667, 1.779818, 1.801905, 1.867118 ] }, { "date": "2025-07-11", "close": 1.83, "volume": 2204535, "typical_volume": 4859583.35, "trend": 1.975167, "fair_value": 5.473013, "relative_strength": -45.72983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.66951, "energy": 29.548505, "activity_lines": [ 1.768667, 1.781818, 1.804214, 1.856656 ] }, { "date": "2025-07-18", "close": 1.91, "volume": 4183962, "typical_volume": 4803580.05, "trend": 1.959833, "fair_value": 5.398654, "relative_strength": -42.29397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.359318, "energy": 14.801537, "activity_lines": [ 1.814, 1.803091, 1.81519, 1.852452 ] }, { "date": "2025-07-25", "close": 2.16, "volume": 2892968, "typical_volume": 4632702.25, "trend": 1.9515, "fair_value": 5.325897, "relative_strength": -32.815078, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.476342, "energy": 15.148713, "activity_lines": [ 1.939333, 1.870182, 1.849214, 1.865366 ] }, { "date": "2025-08-01", "close": 2.12, "volume": 2534048, "typical_volume": 4582199.1, "trend": 1.938833, "fair_value": 5.244038, "relative_strength": -30.317757, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.100569, "energy": 39.942512, "activity_lines": [ 2.025333, 1.922364, 1.877905, 1.876237 ] }, { "date": "2025-08-08", "close": 1.98, "volume": 1698279, "typical_volume": 4422869.1, "trend": 1.9265, "fair_value": 5.145385, "relative_strength": -35.554914, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.7553, "energy": 43.38478, "activity_lines": [ 2.034, 1.942364, 1.891071, 1.878892 ] }, { "date": "2025-08-15", "close": 2.33, "volume": 3944501, "typical_volume": 2957424.1, "trend": 1.921833, "fair_value": 5.054808, "relative_strength": -22.667153, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.985453, "energy": 64.842614, "activity_lines": [ 2.144, 2.021636, 1.935286, 1.904925 ] }, { "date": "2025-08-22", "close": 2.37, "volume": 2946091, "typical_volume": 2761146.1, "trend": 1.917833, "fair_value": 4.975321, "relative_strength": -18.498225, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 76.086982, "energy": 75.406733, "activity_lines": [ 2.234, 2.100364, 1.981738, 1.933839 ] }, { "date": "2025-08-29", "close": 2.12, "volume": 1970956, "typical_volume": 2585967.95, "trend": 1.9105, "fair_value": 4.897628, "relative_strength": -24.761854, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.361276, "energy": 59.398856, "activity_lines": [ 2.21, 2.124364, 2.000857, 1.946882 ] }, { "date": "2025-09-05", "close": 2.26, "volume": 1612727, "typical_volume": 2520439.9, "trend": 1.9135, "fair_value": 4.818462, "relative_strength": -18.028572, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.705786, "energy": 61.382936, "activity_lines": [ 2.235333, 2.167455, 2.030714, 1.96943 ] }, { "date": "2025-09-12", "close": 1.97, "volume": 3328768, "typical_volume": 2468103.45, "trend": 1.9055, "fair_value": 4.745, "relative_strength": -27.29005, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.502602, "energy": 32.986999, "activity_lines": [ 2.154667, 2.146909, 2.03081, 1.973075 ] }, { "date": "2025-09-19", "close": 2.0, "volume": 4361375, "typical_volume": 2553176.0, "trend": 1.903833, "fair_value": 4.678718, "relative_strength": -25.409236, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.948122, "energy": 18.548818, "activity_lines": [ 2.084667, 2.127818, 2.034429, 1.979172 ] }, { "date": "2025-09-26", "close": 2.04, "volume": 2795049, "typical_volume": 2581002.95, "trend": 1.9135, "fair_value": 4.607436, "relative_strength": -21.583238, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.61579, "energy": 18.035455, "activity_lines": [ 2.05, 2.112909, 2.042286, 1.987957 ] }, { "date": "2025-10-03", "close": 2.13, "volume": 3794013, "typical_volume": 2638302.95, "trend": 1.923167, "fair_value": 4.535705, "relative_strength": -17.445513, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.793218, "energy": 19.59193, "activity_lines": [ 2.067333, 2.112, 2.05819, 2.001925 ] }, { "date": "2025-10-10", "close": 2.16, "volume": 9802309, "typical_volume": 3028364.85, "trend": 1.939833, "fair_value": 4.464359, "relative_strength": -12.666385, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.245096, "energy": 16.309097, "activity_lines": [ 2.094, 2.117091, 2.075095, 2.017204 ] }, { "date": "2025-10-17", "close": 2.3, "volume": 6655098, "typical_volume": 3300597.7, "trend": 1.9665, "fair_value": 4.397244, "relative_strength": -7.16281, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.41567, "energy": 29.585699, "activity_lines": [ 2.174, 2.146909, 2.103381, 2.040441 ] }, { "date": "2025-10-24", "close": 2.41, "volume": 4234457, "typical_volume": 3389971.8, "trend": 1.980167, "fair_value": 4.329359, "relative_strength": -3.508124, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.720777, "energy": 47.285702, "activity_lines": [ 2.268667, 2.190909, 2.139476, 2.069054 ] }, { "date": "2025-10-31", "close": 2.11, "volume": 6628770, "typical_volume": 3592360.0, "trend": 1.996167, "fair_value": 4.265833, "relative_strength": -15.837301, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.300798, "energy": 36.112252, "activity_lines": [ 2.236, 2.178909, 2.144571, 2.07743 ] }, { "date": "2025-11-07", "close": 1.96, "volume": 4177180, "typical_volume": 3714526.0, "trend": 2.009, "fair_value": 4.206987, "relative_strength": -18.147943, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.982046, "energy": 19.491936, "activity_lines": [ 2.148667, 2.144364, 2.13419, 2.075097 ] }, { "date": "2025-11-14", "close": 1.87, "volume": 3181341, "typical_volume": 3721141.7, "trend": 2.011, "fair_value": 4.159231, "relative_strength": -21.00024, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.822077, "energy": 6.93151, "activity_lines": [ 2.042667, 2.096364, 2.114333, 2.066129 ] }, { "date": "2025-11-21", "close": 1.8, "volume": 3470434, "typical_volume": 3820843.05, "trend": 2.000667, "fair_value": 4.115192, "relative_strength": -20.823477, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.452911, "energy": 26.206877, "activity_lines": [ 1.932667, 2.042727, 2.08681, 2.052516 ] }, { "date": "2025-11-28", "close": 1.89, "volume": 2127273, "typical_volume": 3816979.95, "trend": 1.994, "fair_value": 4.072244, "relative_strength": -19.737183, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.528466, "energy": 32.57254, "activity_lines": [ 1.886, 2.008545, 2.067619, 2.045376 ] }, { "date": "2025-12-05", "close": 1.8, "volume": 3812996, "typical_volume": 3798431.65, "trend": 1.989667, "fair_value": 4.03609, "relative_strength": -23.528251, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.517173, "energy": 45.840868, "activity_lines": [ 1.844, 1.96, 2.039571, 2.03286 ] }, { "date": "2025-12-12", "close": 1.88, "volume": 2805532, "typical_volume": 3794059.85, "trend": 1.994333, "fair_value": 4.003077, "relative_strength": -18.011607, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.929709, "energy": 44.394709, "activity_lines": [ 1.849333, 1.930364, 2.019667, 2.025785 ] }, { "date": "2025-12-19", "close": 1.79, "volume": 3349323, "typical_volume": 3834823.6, "trend": 1.995667, "fair_value": 3.979038, "relative_strength": -21.688247, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.880893, "energy": 35.145815, "activity_lines": [ 1.83, 1.888909, 1.992524, 2.012602 ] }, { "date": "2025-12-26", "close": 1.84, "volume": 2673662, "typical_volume": 3883592.75, "trend": 1.999, "fair_value": 3.952436, "relative_strength": -19.784156, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.281157, "energy": 25.57887, "activity_lines": [ 1.832667, 1.863273, 1.971714, 2.002559 ] }, { "date": "2026-01-02", "close": 1.87, "volume": 2286690, "typical_volume": 3800702.2, "trend": 1.998, "fair_value": 3.927308, "relative_strength": -16.257988, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.395453, "energy": 30.316109, "activity_lines": [ 1.842667, 1.851455, 1.954429, 1.994237 ] }, { "date": "2026-01-09", "close": 2.09, "volume": 4710346, "typical_volume": 3888914.95, "trend": 2.005667, "fair_value": 3.905, "relative_strength": -7.783359, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -25.445026, "energy": 14.423468, "activity_lines": [ 1.927333, 1.889455, 1.960286, 2.000172 ] }, { "date": "2026-01-16", "close": 2.04, "volume": 4053064, "typical_volume": 3993020.35, "trend": 2.014667, "fair_value": 3.883974, "relative_strength": -8.491246, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.103365, "energy": 15.894051, "activity_lines": [ 1.976, 1.918727, 1.962714, 2.002387 ] }, { "date": "2026-01-23", "close": 2.49, "volume": 4828609, "typical_volume": 4153814.45, "trend": 2.042333, "fair_value": 3.867628, "relative_strength": 11.868122, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.549871, "energy": 34.969915, "activity_lines": [ 2.164, 2.028364, 2.008381, 2.033054 ] }, { "date": "2026-01-30", "close": 2.22, "volume": 3872316, "typical_volume": 4180991.85, "trend": 2.058, "fair_value": 3.845, "relative_strength": 0.377961, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.159225, "energy": 40.043638, "activity_lines": [ 2.215333, 2.077636, 2.027238, 2.044516 ] }, { "date": "2026-02-06", "close": 2.02, "volume": 4041587, "typical_volume": 4165002.45, "trend": 2.064333, "fair_value": 3.824038, "relative_strength": -6.400504, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.153579, "energy": 33.08639, "activity_lines": [ 2.174667, 2.082909, 2.025857, 2.042065 ] }, { "date": "2026-02-13", "close": 1.97, "volume": 2771704, "typical_volume": 4163835.2, "trend": 2.066333, "fair_value": 3.802692, "relative_strength": -7.113919, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.747709, "energy": 17.196139, "activity_lines": [ 2.107333, 2.076727, 2.019619, 2.035978 ] }, { "date": "2026-02-20", "close": 2.33, "volume": 2496472, "typical_volume": 4098958.15, "trend": 2.072, "fair_value": 3.790321, "relative_strength": 8.669756, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.636859, "energy": 17.997163, "activity_lines": [ 2.168, 2.132909, 2.048, 2.052989 ] }, { "date": "2026-02-27", "close": 2.7, "volume": 4388886, "typical_volume": 3828287.0, "trend": 2.091333, "fair_value": 3.776795, "relative_strength": 25.566155, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.408849, "energy": 48.235525, "activity_lines": [ 2.332667, 2.248182, 2.110667, 2.093505 ] }, { "date": "2026-03-06", "close": 2.5, "volume": 4015625, "typical_volume": 3696313.35, "trend": 2.108667, "fair_value": 3.76859, "relative_strength": 17.466198, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.846475, "energy": 58.554584, "activity_lines": [ 2.416667, 2.310545, 2.151714, 2.119871 ] }, { "date": "2026-03-13", "close": 2.26, "volume": 3508748, "typical_volume": 3660027.9, "trend": 2.106333, "fair_value": 3.758462, "relative_strength": 7.077389, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.218044, "energy": 56.801748, "activity_lines": [ 2.402, 2.317273, 2.168952, 2.129634 ] }, { "date": "2026-03-20", "close": 2.14, "volume": 3225055, "typical_volume": 3489842.15, "trend": 2.098667, "fair_value": 3.750577, "relative_strength": 3.120951, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.610272, "energy": 39.512044, "activity_lines": [ 2.331333, 2.295091, 2.175476, 2.131806 ] }, { "date": "2026-03-27", "close": 2.06, "volume": 2703957, "typical_volume": 3416181.0, "trend": 2.096667, "fair_value": 3.741026, "relative_strength": 2.921143, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.301133, "energy": 13.522562, "activity_lines": [ 2.222667, 2.257455, 2.174238, 2.129312 ] }, { "date": "2026-04-03", "close": 2.32, "volume": 2270779, "typical_volume": 3370652.9, "trend": 2.098667, "fair_value": 3.733077, "relative_strength": 11.417928, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.946116, "energy": 18.70483, "activity_lines": [ 2.218667, 2.266727, 2.197286, 2.14372 ] }, { "date": "2026-04-10", "close": 2.17, "volume": 2439796, "typical_volume": 3319121.0, "trend": 2.105333, "fair_value": 3.718013, "relative_strength": -0.272156, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.331998, "energy": 17.067601, "activity_lines": [ 2.19, 2.251818, 2.203905, 2.148323 ] }, { "date": "2026-04-17", "close": 3.47, "volume": 6759453, "typical_volume": 3550730.0, "trend": 2.154333, "fair_value": 3.709679, "relative_strength": 49.177928, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.381071, "energy": 57.501332, "activity_lines": [ 2.616667, 2.474182, 2.332571, 2.236366 ] }, { "date": "2026-04-24", "close": 2.92, "volume": 6877366, "typical_volume": 3703948.5, "trend": 2.183667, "fair_value": 3.696667, "relative_strength": 22.881114, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.512219, "energy": 67.488597, "activity_lines": [ 2.779333, 2.570182, 2.401333, 2.285763 ] }, { "date": "2026-05-01", "close": 2.93, "volume": 4421264, "typical_volume": 3784735.1, "trend": 2.210333, "fair_value": 3.685769, "relative_strength": 21.387754, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.875391, "energy": 70.30273, "activity_lines": [ 2.893333, 2.650727, 2.465714, 2.333914 ] }, { "date": "2026-05-08", "close": 3.19, "volume": 5136938, "typical_volume": 3874115.85, "trend": 2.244667, "fair_value": 3.677436, "relative_strength": 24.923404, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.11154, "energy": 77.967605, "activity_lines": [ 3.036, 2.767636, 2.549857, 2.397118 ] }, { "date": "2026-05-15", "close": 2.64, "volume": 3454609, "typical_volume": 3913163.2, "trend": 2.256, "fair_value": 3.665192, "relative_strength": 3.512315, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.047495, "energy": 49.11341, "activity_lines": [ 2.937333, 2.775636, 2.574952, 2.422624 ] }, { "date": "2026-05-22", "close": 3.03, "volume": 2928810, "typical_volume": 3945269.2, "trend": 2.276667, "fair_value": 3.655449, "relative_strength": 16.894966, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.087318, "energy": 41.064228, "activity_lines": [ 2.937333, 2.852, 2.633381, 2.472559 ] }, { "date": "2026-05-29", "close": 3.25, "volume": 1716069, "typical_volume": 3795555.35, "trend": 2.314667, "fair_value": 3.645833, "relative_strength": 21.185724, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.345514, "energy": 44.643226, "activity_lines": [ 3.04, 2.954364, 2.707238, 2.535355 ] }, { "date": "2026-06-05", "close": 2.51, "volume": 2280574, "typical_volume": 3706930.85, "trend": 2.333, "fair_value": 3.632179, "relative_strength": -1.973495, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.999126, "energy": 23.408096, "activity_lines": [ 2.874, 2.902, 2.705095, 2.547957 ] }, { "date": "2026-06-12", "close": 2.86, "volume": 3256878, "typical_volume": 3628344.3, "trend": 2.366, "fair_value": 3.619295, "relative_strength": 8.931181, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.788174, "energy": 23.783381, "activity_lines": [ 2.852667, 2.905091, 2.734048, 2.581957 ] }, { "date": "2026-06-19", "close": 2.86, "volume": 1939241, "typical_volume": 3531690.55, "trend": 2.401333, "fair_value": 3.608013, "relative_strength": 5.821774, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.615187, "energy": 20.124688, "activity_lines": [ 2.853333, 2.898364, 2.761238, 2.613828 ] }, { "date": "2026-06-26", "close": 2.83, "volume": 4226432, "typical_volume": 3540932.8, "trend": 2.432667, "fair_value": 3.612115, "relative_strength": 9.090218, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.910553, "energy": 16.20508, "activity_lines": [ 2.829333, 2.873636, 2.782524, 2.641484 ] }, { "date": "2026-07-03", "close": 3.22, "volume": 3167753, "typical_volume": 3560735.25, "trend": 2.48, "fair_value": 3.619615, "relative_strength": 22.193898, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.604486, "energy": 28.199759, "activity_lines": [ 2.948667, 2.931455, 2.837095, 2.69228 ] }, { "date": "2026-07-10", "close": 2.97, "volume": 5580057, "typical_volume": 3714914.5, "trend": 2.516333, "fair_value": 3.625897, "relative_strength": 10.25434, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.138515, "energy": 23.911994, "activity_lines": [ 2.986667, 2.938364, 2.861905, 2.723892 ] }, { "date": "2026-07-17", "close": 2.6, "volume": 3124025, "typical_volume": 3651671.45, "trend": 2.543333, "fair_value": 3.628718, "relative_strength": 0.539718, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.502729, "energy": 13.825066, "activity_lines": [ 2.870667, 2.877273, 2.848429, 2.72929 ] }, { "date": "2026-07-24", "close": 2.27, "volume": 3207192, "typical_volume": 3611249.8, "trend": 2.557667, "fair_value": 3.629487, "relative_strength": -10.561131, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.664405, "energy": 5.398815, "activity_lines": [ 2.662, 2.766909, 2.804, 2.711656 ] }, { "date": "2026-07-31", "close": 2.09, "volume": 3528822, "typical_volume": 3612253.5, "trend": 2.565, "fair_value": 3.62891, "relative_strength": -17.760524, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.340627, "energy": 32.775908, "activity_lines": [ 2.432667, 2.630545, 2.743524, 2.681484 ] }, { "date": "2026-08-07", "close": 2.41, "volume": 3398084, "typical_volume": 3620904.95, "trend": 2.575667, "fair_value": 3.631603, "relative_strength": -9.705529, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.861201, "energy": 36.585145, "activity_lines": [ 2.359333, 2.569455, 2.714333, 2.671484 ] } ], "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." } } }