{ "ticker": { "uuid": "6b67d25f-f7ad-4b26-8432-629a49d45b24", "symbol": "RIO", "name": "Bodegas Riojanas, S.A.", "exchange": "MCE", "country": "ES", "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": "^IBEX", "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": -67.445, "architecture_energy": 66.165, "architecture_maturity": 100.0, "architecture_confidence": 96, "architecture_tenure": "Extended", "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": 4.03, "rotation_up": 29.66, "upward_expansion": 12.0, "deceleration": 58.53, "rotation_down": 57.91, "downward_expansion": 87.67 }, "activity_lines": [ 0.969333, 0.995727, 1.19791, 1.420396 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 1.0, "trend_reference": 1.717533, "distance_from_trend": -0.41777, "trend_direction": "Weakening", "fair_value": 3.375586, "distance_from_fair_value": -0.703755, "fair_value_direction": "Weakening", "relative_strength": -62.303732, "relative_strength_direction": "Weakening", "price_momentum": -0.578059, "excess_performance": -0.70249, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.41777, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.223386, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.703755, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.200569, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.623037, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.200743, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.578059, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.184889, "read": "Supply-led" } ], "volume": { "latest": 59048, "relative_activity": 0.914948, "balance": 0.184889, "dry_up": 1.397291, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.137692, "annualized_volatility": 0.380024, "from_high_reference": -0.702381, "from_low_reference": 0.136364 }, "levels": { "trend_reference": 1.717533, "fair_value_reference": 3.375586, "structural_low": 0.88, "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": 38, "median_return": -0.004875, "positive_rate": 0.315789, "directional_follow_through": 0.526316, "median_excess_return": -0.02772, "regime_survival": 0.894737, "best_return": 0.140939, "worst_return": -0.375, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.041326, "positive_rate": 0.166667, "directional_follow_through": 0.75, "median_excess_return": -0.107474, "regime_survival": 0.75, "best_return": 0.130678, "worst_return": -0.45, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.089474, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.201063, "regime_survival": 0.571429, "best_return": 0.220631, "worst_return": -0.550929, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.105382, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.315421, "regime_survival": 0.75, "best_return": 0.182486, "worst_return": -0.68652, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-03-24", "end": "2023-06-16", "tenure": "Established", "return": 0.033333, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-23", "end": "2023-07-14", "tenure": "New", "return": -0.004854, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-07-21", "end": "2023-08-18", "tenure": "Developing", "return": 0.009756, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-08-25", "end": "2023-09-08", "tenure": "New", "return": 0.040179, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-15", "end": "2023-10-27", "tenure": "Developing", "return": -0.004329, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-03", "end": "2023-11-17", "tenure": "New", "return": 0.056522, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-24", "end": "2024-01-05", "tenure": "Developing", "return": -0.008547, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-12", "end": "2024-02-16", "tenure": "Developing", "return": -0.047414, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-02-23", "end": "2024-03-08", "tenure": "New", "return": 0.013575, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-15", "end": "2025-01-31", "tenure": "Extended", "return": -0.17757, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-06-13", "tenure": "Established", "return": -0.116888, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-20", "end": "2025-09-26", "tenure": "Established", "return": -0.012346, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": -0.084828, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-08-07", "tenure": "Extended", "return": -0.669093, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.054463, "volume": 7624, "typical_volume": 4139.4, "trend": 4.156315, "fair_value": 3.388933, "relative_strength": -3.854355, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.118387, "energy": 15.509896, "activity_lines": [ 4.068827, 4.067996, 4.097741, 4.119711 ] }, { "date": "2023-08-25", "close": 4.387439, "volume": 6889, "typical_volume": 4219.8, "trend": 4.16415, "fair_value": 3.400207, "relative_strength": 3.11701, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.36727, "energy": 14.424272, "activity_lines": [ 4.174596, 4.123908, 4.122271, 4.134622 ] }, { "date": "2023-09-01", "close": 4.700828, "volume": 35884, "typical_volume": 5962.7, "trend": 4.179819, "fair_value": 3.41349, "relative_strength": 9.001238, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.235189, "energy": 49.666593, "activity_lines": [ 4.360018, 4.234306, 4.176088, 4.169246 ] }, { "date": "2023-09-08", "close": 4.56372, "volume": 15652, "typical_volume": 6400.9, "trend": 4.185042, "fair_value": 3.425649, "relative_strength": 6.477641, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.55763, "energy": 63.557603, "activity_lines": [ 4.460563, 4.307667, 4.214702, 4.194014 ] }, { "date": "2023-09-15", "close": 4.62, "volume": 30193, "typical_volume": 7835.55, "trend": 4.188877, "fair_value": 3.438414, "relative_strength": 5.55762, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.177385, "energy": 67.321963, "activity_lines": [ 4.552447, 4.381646, 4.256997, 4.222076 ] }, { "date": "2023-09-22", "close": 4.84, "volume": 27974, "typical_volume": 8887.35, "trend": 4.209838, "fair_value": 3.452589, "relative_strength": 10.920362, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.626556, "energy": 74.745038, "activity_lines": [ 4.67735, 4.486411, 4.318298, 4.264084 ] }, { "date": "2023-09-29", "close": 4.82, "volume": 4244, "typical_volume": 9071.55, "trend": 4.226869, "fair_value": 3.466636, "relative_strength": 11.06582, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.356216, "energy": 69.923265, "activity_lines": [ 4.743218, 4.572544, 4.374606, 4.303449 ] }, { "date": "2023-10-06", "close": 4.56, "volume": 8172, "typical_volume": 9299.8, "trend": 4.241761, "fair_value": 3.479016, "relative_strength": 7.220485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.620098, "energy": 51.329356, "activity_lines": [ 4.693581, 4.596774, 4.402787, 4.324942 ] }, { "date": "2023-10-13", "close": 4.66, "volume": 3002, "typical_volume": 9367.7, "trend": 4.26521, "fair_value": 3.492525, "relative_strength": 9.482074, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.623056, "energy": 40.912384, "activity_lines": [ 4.686667, 4.631063, 4.438363, 4.351925 ] }, { "date": "2023-10-20", "close": 4.54, "volume": 2783, "typical_volume": 9337.7, "trend": 4.279436, "fair_value": 3.505265, "relative_strength": 9.085627, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.243938, "energy": 28.24508, "activity_lines": [ 4.633333, 4.634304, 4.459535, 4.369653 ] }, { "date": "2023-10-27", "close": 4.6, "volume": 7353, "typical_volume": 9488.85, "trend": 4.296315, "fair_value": 3.518268, "relative_strength": 11.687513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.542478, "energy": 21.620768, "activity_lines": [ 4.605333, 4.638914, 4.484762, 4.390335 ] }, { "date": "2023-11-03", "close": 4.6, "volume": 1151, "typical_volume": 9457.3, "trend": 4.307317, "fair_value": 3.531637, "relative_strength": 7.012185, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.124087, "energy": 20.168197, "activity_lines": [ 4.593333, 4.633605, 4.508137, 4.409927 ] }, { "date": "2023-11-10", "close": 4.76, "volume": 3777, "typical_volume": 9550.25, "trend": 4.324306, "fair_value": 3.544567, "relative_strength": 9.684327, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.653414, "energy": 23.807174, "activity_lines": [ 4.649333, 4.653522, 4.545085, 4.439133 ] }, { "date": "2023-11-17", "close": 4.86, "volume": 13212, "typical_volume": 10190.0, "trend": 4.345935, "fair_value": 3.556183, "relative_strength": 7.425269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.305062, "energy": 33.757334, "activity_lines": [ 4.725333, 4.690545, 4.588103, 4.473693 ] }, { "date": "2023-11-24", "close": 4.68, "volume": 9037, "typical_volume": 10507.2, "trend": 4.361563, "fair_value": 3.566036, "relative_strength": 1.555536, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.444291, "energy": 30.811942, "activity_lines": [ 4.728, 4.689455, 4.61005, 4.495246 ] }, { "date": "2023-12-01", "close": 4.8, "volume": 25975, "typical_volume": 11693.7, "trend": 4.381844, "fair_value": 3.576901, "relative_strength": 2.00201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.531458, "energy": 42.837624, "activity_lines": [ 4.761333, 4.709091, 4.640727, 4.523532 ] }, { "date": "2023-12-08", "close": 4.66, "volume": 8257, "typical_volume": 11871.8, "trend": 4.400069, "fair_value": 3.586381, "relative_strength": -1.849106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.472311, "energy": 33.868073, "activity_lines": [ 4.734667, 4.704, 4.654333, 4.541478 ] }, { "date": "2023-12-15", "close": 4.7, "volume": 13700, "typical_volume": 12389.6, "trend": 4.419629, "fair_value": 3.596484, "relative_strength": 0.298475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.040937, "energy": 26.241973, "activity_lines": [ 4.717333, 4.709091, 4.668679, 4.560828 ] }, { "date": "2023-12-22", "close": 4.7, "volume": 2468, "typical_volume": 11592.35, "trend": 4.441799, "fair_value": 3.606587, "relative_strength": 0.046191, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.855121, "energy": 21.648191, "activity_lines": [ 4.704, 4.711636, 4.680231, 4.578917 ] }, { "date": "2023-12-29", "close": 4.62, "volume": 4714, "typical_volume": 11603.05, "trend": 4.45608, "fair_value": 3.616665, "relative_strength": -1.446161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.857068, "energy": 15.03972, "activity_lines": [ 4.674667, 4.698909, 4.681556, 4.590414 ] }, { "date": "2024-01-05", "close": 4.64, "volume": 790, "typical_volume": 11261.35, "trend": 4.470375, "fair_value": 3.626871, "relative_strength": -1.514973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.415321, "energy": 13.871624, "activity_lines": [ 4.656, 4.688364, 4.681906, 4.602279 ] }, { "date": "2024-01-12", "close": 4.64, "volume": 603, "typical_volume": 10947.05, "trend": 4.483364, "fair_value": 3.636467, "relative_strength": -0.820699, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.648644, "energy": 10.206419, "activity_lines": [ 4.648, 4.677091, 4.679468, 4.613223 ] }, { "date": "2024-01-19", "close": 4.76, "volume": 6365, "typical_volume": 9471.1, "trend": 4.507535, "fair_value": 3.647565, "relative_strength": 4.196077, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.98611, "energy": 12.689583, "activity_lines": [ 4.681333, 4.686909, 4.687256, 4.63107 ] }, { "date": "2024-01-26", "close": 4.6, "volume": 3101, "typical_volume": 8843.55, "trend": 4.526372, "fair_value": 3.657027, "relative_strength": -0.118935, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.211542, "energy": 6.820684, "activity_lines": [ 4.657333, 4.667636, 4.679524, 4.637036 ] }, { "date": "2024-02-02", "close": 4.62, "volume": 9551, "typical_volume": 7811.45, "trend": 4.543265, "fair_value": 3.667105, "relative_strength": -0.94203, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.413194, "energy": 6.224459, "activity_lines": [ 4.646667, 4.656727, 4.673524, 4.643076 ] }, { "date": "2024-02-09", "close": 4.42, "volume": 1893, "typical_volume": 6507.4, "trend": 4.556755, "fair_value": 3.675535, "relative_strength": -3.494458, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.618165, "energy": 14.552007, "activity_lines": [ 4.569333, 4.610545, 4.648476, 4.635124 ] }, { "date": "2024-02-16", "close": 4.42, "volume": 1137, "typical_volume": 6352.05, "trend": 4.570245, "fair_value": 3.683843, "relative_strength": -3.251726, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.152055, "energy": 41.215502, "activity_lines": [ 4.506667, 4.571273, 4.625429, 4.626301 ] }, { "date": "2024-02-23", "close": 4.42, "volume": 90, "typical_volume": 5947.95, "trend": 4.580471, "fair_value": 3.692029, "relative_strength": -5.49986, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.897208, "energy": 51.151884, "activity_lines": [ 4.458667, 4.536364, 4.604286, 4.616608 ] }, { "date": "2024-03-01", "close": 4.64, "volume": 5372, "typical_volume": 6066.45, "trend": 4.596725, "fair_value": 3.702113, "relative_strength": -0.170443, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.334881, "energy": 38.652218, "activity_lines": [ 4.506667, 4.546545, 4.604762, 4.620448 ] }, { "date": "2024-03-08", "close": 4.48, "volume": 11216, "typical_volume": 6488.1, "trend": 4.612215, "fair_value": 3.709951, "relative_strength": -5.834375, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.642911, "energy": 27.71784, "activity_lines": [ 4.498667, 4.528727, 4.590095, 4.612918 ] }, { "date": "2024-03-15", "close": 4.28, "volume": 6517, "typical_volume": 6446.3, "trend": 4.619733, "fair_value": 3.715163, "relative_strength": -12.336307, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.549176, "energy": 43.954634, "activity_lines": [ 4.433333, 4.477091, 4.556667, 4.591484 ] }, { "date": "2024-03-22", "close": 4.26, "volume": 10677, "typical_volume": 6922.6, "trend": 4.615485, "fair_value": 3.719881, "relative_strength": -15.221241, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.255123, "energy": 41.77683, "activity_lines": [ 4.370667, 4.428364, 4.522857, 4.568276 ] }, { "date": "2024-03-29", "close": 4.32, "volume": 4696, "typical_volume": 6968.55, "trend": 4.602791, "fair_value": 3.724617, "relative_strength": -14.85713, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.432751, "energy": 54.802365, "activity_lines": [ 4.338667, 4.397455, 4.496381, 4.549212 ] }, { "date": "2024-04-05", "close": 4.16, "volume": 4560, "typical_volume": 6535.95, "trend": 4.589333, "fair_value": 3.729305, "relative_strength": -16.5481, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.833708, "energy": 65.650982, "activity_lines": [ 4.26, 4.345455, 4.456762, 4.520645 ] }, { "date": "2024-04-12", "close": 4.26, "volume": 15143, "typical_volume": 6841.25, "trend": 4.577333, "fair_value": 3.735244, "relative_strength": -12.498913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.51065, "energy": 54.068847, "activity_lines": [ 4.246667, 4.319636, 4.43, 4.499398 ] }, { "date": "2024-04-19", "close": 4.2, "volume": 14722, "typical_volume": 6278.6, "trend": 4.556, "fair_value": 3.740676, "relative_strength": -13.878199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.456171, "energy": 43.042787, "activity_lines": [ 4.228, 4.289455, 4.399524, 4.475054 ] }, { "date": "2024-04-26", "close": 4.16, "volume": 7165, "typical_volume": 6224.0, "trend": 4.534, "fair_value": 3.74634, "relative_strength": -17.660908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.42811, "energy": 41.389313, "activity_lines": [ 4.201333, 4.256, 4.368095, 4.449505 ] }, { "date": "2024-05-03", "close": 4.28, "volume": 1206, "typical_volume": 5599.3, "trend": 4.524667, "fair_value": 3.752774, "relative_strength": -12.708265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.025784, "energy": 34.015595, "activity_lines": [ 4.221333, 4.249091, 4.350476, 4.433118 ] }, { "date": "2024-05-10", "close": 4.2, "volume": 9896, "typical_volume": 5970.7, "trend": 4.509333, "fair_value": 3.758938, "relative_strength": -16.033988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.967183, "energy": 33.479446, "activity_lines": [ 4.217333, 4.230182, 4.327238, 4.412172 ] }, { "date": "2024-05-17", "close": 4.24, "volume": 7529, "typical_volume": 6111.45, "trend": 4.499333, "fair_value": 3.764749, "relative_strength": -16.646868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.291414, "energy": 29.10343, "activity_lines": [ 4.224, 4.226545, 4.31019, 4.394796 ] }, { "date": "2024-05-24", "close": 4.34, "volume": 15965, "typical_volume": 6870.2, "trend": 4.490667, "fair_value": 3.770713, "relative_strength": -13.865357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.151065, "energy": 19.10747, "activity_lines": [ 4.265333, 4.245455, 4.304476, 4.384516 ] }, { "date": "2024-05-31", "close": 4.3, "volume": 22189, "typical_volume": 7949.5, "trend": 4.480667, "fair_value": 3.777152, "relative_strength": -14.976339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.431909, "energy": 17.090674, "activity_lines": [ 4.284, 4.256, 4.296381, 4.372215 ] }, { "date": "2024-06-07", "close": 4.26, "volume": 10246, "typical_volume": 8143.55, "trend": 4.464, "fair_value": 3.782481, "relative_strength": -16.094822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.931227, "energy": 14.619012, "activity_lines": [ 4.28, 4.258545, 4.286095, 4.357978 ] }, { "date": "2024-06-14", "close": 4.06, "volume": 13041, "typical_volume": 8640.55, "trend": 4.437333, "fair_value": 3.786283, "relative_strength": -16.750929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.824352, "energy": 27.681544, "activity_lines": [ 4.210667, 4.225818, 4.259143, 4.331914 ] }, { "date": "2024-06-21", "close": 4.06, "volume": 4140, "typical_volume": 8370.0, "trend": 4.416667, "fair_value": 3.790207, "relative_strength": -16.809554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.795758, "energy": 37.978483, "activity_lines": [ 4.150667, 4.194909, 4.234762, 4.30757 ] }, { "date": "2024-06-28", "close": 3.78, "volume": 7688, "typical_volume": 8659.75, "trend": 4.382667, "fair_value": 3.792581, "relative_strength": -21.663673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.191185, "energy": 65.610768, "activity_lines": [ 4.009333, 4.116727, 4.186381, 4.266495 ] }, { "date": "2024-07-05", "close": 3.94, "volume": 17860, "typical_volume": 9495.9, "trend": 4.358667, "fair_value": 3.796102, "relative_strength": -18.629066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.99441, "energy": 62.709124, "activity_lines": [ 3.958667, 4.075273, 4.156286, 4.237935 ] }, { "date": "2024-07-12", "close": 3.94, "volume": 2195, "typical_volume": 9601.15, "trend": 4.333333, "fair_value": 3.799624, "relative_strength": -20.008146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.64407, "energy": 61.60991, "activity_lines": [ 3.932, 4.037818, 4.128476, 4.210925 ] }, { "date": "2024-07-19", "close": 3.9, "volume": 4074, "typical_volume": 9536.25, "trend": 4.306667, "fair_value": 3.802888, "relative_strength": -19.41565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.603514, "energy": 60.974213, "activity_lines": [ 3.913333, 3.999273, 4.099143, 4.182968 ] }, { "date": "2024-07-26", "close": 3.92, "volume": 17083, "typical_volume": 9829.6, "trend": 4.283333, "fair_value": 3.806282, "relative_strength": -19.30937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.441446, "energy": 39.347755, "activity_lines": [ 3.912, 3.969818, 4.075238, 4.158022 ] }, { "date": "2024-08-02", "close": 3.92, "volume": 914, "typical_volume": 9549.45, "trend": 4.259333, "fair_value": 3.810163, "relative_strength": -15.297784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.061092, "energy": 36.187002, "activity_lines": [ 3.92, 3.946182, 4.054, 4.134581 ] }, { "date": "2024-08-09", "close": 3.98, "volume": 9173, "typical_volume": 9474.25, "trend": 4.237333, "fair_value": 3.814307, "relative_strength": -13.52576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.302776, "energy": 30.764275, "activity_lines": [ 3.938667, 3.941091, 4.04019, 4.116559 ] }, { "date": "2024-08-16", "close": 4.0, "volume": 5990, "typical_volume": 9538.95, "trend": 4.212, "fair_value": 3.81858, "relative_strength": -15.289463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.739341, "energy": 23.203209, "activity_lines": [ 3.961333, 3.945455, 4.029619, 4.101247 ] }, { "date": "2024-08-23", "close": 4.0, "volume": 374, "typical_volume": 9329.65, "trend": 4.192, "fair_value": 3.82334, "relative_strength": -17.331654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.412596, "energy": 19.422958, "activity_lines": [ 3.98, 3.954545, 4.020571, 4.08757 ] }, { "date": "2024-08-30", "close": 3.92, "volume": 3080, "typical_volume": 8726.5, "trend": 4.168667, "fair_value": 3.8271, "relative_strength": -19.308897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.05666, "energy": 19.790149, "activity_lines": [ 3.965333, 3.950182, 4.004667, 4.070022 ] }, { "date": "2024-09-06", "close": 3.94, "volume": 11672, "typical_volume": 8574.0, "trend": 4.152667, "fair_value": 3.831476, "relative_strength": -16.729396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.146563, "energy": 19.373329, "activity_lines": [ 3.957333, 3.952, 3.992286, 4.055269 ] }, { "date": "2024-09-13", "close": 3.8, "volume": 8515, "typical_volume": 8641.5, "trend": 4.132, "fair_value": 3.83471, "relative_strength": -21.694309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.207169, "energy": 33.103137, "activity_lines": [ 3.901333, 3.925455, 3.96781, 4.032516 ] }, { "date": "2024-09-20", "close": 3.86, "volume": 2751, "typical_volume": 8718.75, "trend": 4.113333, "fair_value": 3.838696, "relative_strength": -21.248407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.992609, "energy": 35.851809, "activity_lines": [ 3.877333, 3.912364, 3.950762, 4.014968 ] }, { "date": "2024-09-27", "close": 3.8, "volume": 6574, "typical_volume": 8552.65, "trend": 4.085333, "fair_value": 3.842907, "relative_strength": -23.176398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.104494, "energy": 46.84501, "activity_lines": [ 3.842667, 3.889818, 3.93, 3.994753 ] }, { "date": "2024-10-04", "close": 3.82, "volume": 7677, "typical_volume": 8560.05, "trend": 4.063333, "fair_value": 3.847857, "relative_strength": -20.109899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.417354, "energy": 54.068693, "activity_lines": [ 3.828, 3.872727, 3.913048, 3.977634 ] }, { "date": "2024-10-11", "close": 3.82, "volume": 9968, "typical_volume": 8260.2, "trend": 4.048, "fair_value": 3.852319, "relative_strength": -19.852452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.300944, "energy": 46.92643, "activity_lines": [ 3.82, 3.857455, 3.898095, 3.961935 ] }, { "date": "2024-10-18", "close": 3.82, "volume": 11729, "typical_volume": 7737.2, "trend": 4.033333, "fair_value": 3.857635, "relative_strength": -20.545921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.809047, "energy": 44.225372, "activity_lines": [ 3.82, 3.844, 3.885619, 3.947226 ] }, { "date": "2024-10-25", "close": 3.8, "volume": 13623, "typical_volume": 7906.05, "trend": 4.016, "fair_value": 3.862457, "relative_strength": -19.462167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.436304, "energy": 44.285922, "activity_lines": [ 3.812, 3.829818, 3.873524, 3.932172 ] }, { "date": "2024-11-01", "close": 3.62, "volume": 6976, "typical_volume": 7602.8, "trend": 3.998, "fair_value": 3.865515, "relative_strength": -22.770912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.661579, "energy": 50.765403, "activity_lines": [ 3.748, 3.786545, 3.846476, 3.906624 ] }, { "date": "2024-11-08", "close": 3.74, "volume": 10402, "typical_volume": 7915.9, "trend": 3.980667, "fair_value": 3.869708, "relative_strength": -17.45955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.291592, "energy": 38.508218, "activity_lines": [ 3.736, 3.772, 3.832952, 3.889978 ] }, { "date": "2024-11-15", "close": 3.46, "volume": 10751, "typical_volume": 8069.05, "trend": 3.956, "fair_value": 3.871984, "relative_strength": -23.439606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.882264, "energy": 62.916429, "activity_lines": [ 3.636, 3.709818, 3.794286, 3.856387 ] }, { "date": "2024-11-22", "close": 3.32, "volume": 14138, "typical_volume": 7882.95, "trend": 3.928, "fair_value": 3.872263, "relative_strength": -25.986041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.806042, "energy": 73.779475, "activity_lines": [ 3.513333, 3.630909, 3.74381, 3.815355 ] }, { "date": "2024-11-29", "close": 3.32, "volume": 667, "typical_volume": 7806.55, "trend": 3.896, "fair_value": 3.874008, "relative_strength": -25.185336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.07123, "energy": 77.130872, "activity_lines": [ 3.424, 3.560727, 3.696286, 3.776129 ] }, { "date": "2024-12-06", "close": 3.44, "volume": 1212, "typical_volume": 7663.45, "trend": 3.870667, "fair_value": 3.876767, "relative_strength": -24.596933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.959888, "energy": 75.724863, "activity_lines": [ 3.406667, 3.522182, 3.663143, 3.74671 ] }, { "date": "2024-12-13", "close": 3.48, "volume": 2777, "typical_volume": 6948.15, "trend": 3.845333, "fair_value": 3.879171, "relative_strength": -20.962309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.468576, "energy": 66.356731, "activity_lines": [ 3.414667, 3.497455, 3.636, 3.721505 ] }, { "date": "2024-12-20", "close": 3.46, "volume": 13014, "typical_volume": 7553.15, "trend": 3.816, "fair_value": 3.882058, "relative_strength": -18.785065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.323589, "energy": 45.142346, "activity_lines": [ 3.433333, 3.475273, 3.609048, 3.696645 ] }, { "date": "2024-12-27", "close": 3.24, "volume": 3317, "typical_volume": 7260.35, "trend": 3.780667, "fair_value": 3.88329, "relative_strength": -23.676314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.449378, "energy": 48.759994, "activity_lines": [ 3.378667, 3.419636, 3.563333, 3.659484 ] }, { "date": "2025-01-03", "close": 3.16, "volume": 10754, "typical_volume": 7498.55, "trend": 3.744, "fair_value": 3.884009, "relative_strength": -25.607443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.462575, "energy": 51.859903, "activity_lines": [ 3.302667, 3.36, 3.513524, 3.619441 ] }, { "date": "2025-01-10", "close": 3.5, "volume": 15348, "typical_volume": 8247.25, "trend": 3.725333, "fair_value": 3.887274, "relative_strength": -17.388623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.492495, "energy": 39.199924, "activity_lines": [ 3.350667, 3.373818, 3.500095, 3.603699 ] }, { "date": "2025-01-17", "close": 3.66, "volume": 21190, "typical_volume": 9152.75, "trend": 3.712, "fair_value": 3.890344, "relative_strength": -14.22689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.86106, "energy": 22.521302, "activity_lines": [ 3.448, 3.418909, 3.504286, 3.599484 ] }, { "date": "2025-01-24", "close": 3.86, "volume": 9392, "typical_volume": 9038.75, "trend": 3.714667, "fair_value": 3.895795, "relative_strength": -9.354928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.304571, "energy": 11.008382, "activity_lines": [ 3.6, 3.501818, 3.528762, 3.609032 ] }, { "date": "2025-01-31", "close": 3.52, "volume": 9557, "typical_volume": 9090.85, "trend": 3.700667, "fair_value": 3.899066, "relative_strength": -19.157259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.949679, "energy": 20.24995, "activity_lines": [ 3.612, 3.515636, 3.521238, 3.596473 ] }, { "date": "2025-02-07", "close": 3.76, "volume": 4511, "typical_volume": 9178.85, "trend": 3.694667, "fair_value": 3.903509, "relative_strength": -15.126161, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.217897, "energy": 16.805276, "activity_lines": [ 3.685333, 3.569455, 3.537905, 3.600301 ] }, { "date": "2025-02-14", "close": 3.66, "volume": 2075, "typical_volume": 8953.9, "trend": 3.686667, "fair_value": 3.907189, "relative_strength": -18.346423, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.809249, "energy": 16.481736, "activity_lines": [ 3.685333, 3.597091, 3.545524, 3.598065 ] }, { "date": "2025-02-21", "close": 3.66, "volume": 5929, "typical_volume": 8866.5, "trend": 3.678, "fair_value": 3.912213, "relative_strength": -17.617278, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.028928, "energy": 15.635973, "activity_lines": [ 3.674667, 3.620727, 3.55381, 3.596344 ] }, { "date": "2025-02-28", "close": 3.62, "volume": 6651, "typical_volume": 8700.65, "trend": 3.668, "fair_value": 3.91698, "relative_strength": -20.08042, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.05505, "energy": 11.27379, "activity_lines": [ 3.650667, 3.633818, 3.559048, 3.592602 ] }, { "date": "2025-03-07", "close": 3.5, "volume": 20723, "typical_volume": 9150.35, "trend": 3.652, "fair_value": 3.919756, "relative_strength": -21.444057, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.003191, "energy": 12.915036, "activity_lines": [ 3.602667, 3.622182, 3.55381, 3.581763 ] }, { "date": "2025-03-14", "close": 3.46, "volume": 7246, "typical_volume": 8831.5, "trend": 3.634, "fair_value": 3.922521, "relative_strength": -20.208478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.913465, "energy": 18.249386, "activity_lines": [ 3.542667, 3.598545, 3.546286, 3.569376 ] }, { "date": "2025-03-21", "close": 3.46, "volume": 620, "typical_volume": 8513.7, "trend": 3.616, "fair_value": 3.926018, "relative_strength": -21.682763, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.591345, "energy": 22.369294, "activity_lines": [ 3.502667, 3.569455, 3.540381, 3.558151 ] }, { "date": "2025-03-28", "close": 3.36, "volume": 10890, "typical_volume": 8538.1, "trend": 3.597333, "fair_value": 3.928874, "relative_strength": -23.097501, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.567466, "energy": 32.872393, "activity_lines": [ 3.442667, 3.522909, 3.525714, 3.541634 ] }, { "date": "2025-04-04", "close": 3.34, "volume": 3375, "typical_volume": 8169.3, "trend": 3.577333, "fair_value": 3.931358, "relative_strength": -17.552857, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.512652, "energy": 44.138362, "activity_lines": [ 3.396, 3.478182, 3.510952, 3.525032 ] }, { "date": "2025-04-11", "close": 3.47, "volume": 13374, "typical_volume": 8131.1, "trend": 3.566333, "fair_value": 3.935407, "relative_strength": -12.79806, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.339851, "energy": 37.560218, "activity_lines": [ 3.411333, 3.466545, 3.509143, 3.518108 ] }, { "date": "2025-04-18", "close": 3.52, "volume": 5500, "typical_volume": 8372.75, "trend": 3.555, "fair_value": 3.939655, "relative_strength": -15.270844, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.462454, "energy": 26.417602, "activity_lines": [ 3.445333, 3.464909, 3.511381, 3.515118 ] }, { "date": "2025-04-25", "close": 3.4295, "volume": 11594, "typical_volume": 8891.85, "trend": 3.54265, "fair_value": 3.943568, "relative_strength": -19.593791, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.068706, "energy": 22.183896, "activity_lines": [ 3.445167, 3.451182, 3.504048, 3.507022 ] }, { "date": "2025-05-02", "close": 3.4295, "volume": 386, "typical_volume": 8772.3, "trend": 3.529633, "fair_value": 3.947236, "relative_strength": -19.465017, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.52916, "energy": 15.69063, "activity_lines": [ 3.447033, 3.441645, 3.496764, 3.499722 ] }, { "date": "2025-05-09", "close": 3.4795, "volume": 517, "typical_volume": 8147.45, "trend": 3.518283, "fair_value": 3.951224, "relative_strength": -18.335892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.031412, "energy": 13.758166, "activity_lines": [ 3.460933, 3.445391, 3.494483, 3.496487 ] }, { "date": "2025-05-16", "close": 3.3965, "volume": 10398, "typical_volume": 8501.5, "trend": 3.504167, "fair_value": 3.95468, "relative_strength": -22.547521, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.812716, "energy": 18.384791, "activity_lines": [ 3.437867, 3.4366, 3.484205, 3.48863 ] }, { "date": "2025-05-23", "close": 3.4, "volume": 5550, "typical_volume": 8241.3, "trend": 3.490833, "fair_value": 3.958526, "relative_strength": -21.988441, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.583045, "energy": 23.094228, "activity_lines": [ 3.420867, 3.430327, 3.473514, 3.48191 ] }, { "date": "2025-05-30", "close": 3.399, "volume": 2864, "typical_volume": 7617.1, "trend": 3.483467, "fair_value": 3.96151, "relative_strength": -21.59521, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.699186, "energy": 25.456636, "activity_lines": [ 3.411533, 3.424964, 3.461586, 3.475985 ] }, { "date": "2025-06-06", "close": 3.399, "volume": 1, "typical_volume": 6557.65, "trend": 3.4721, "fair_value": 3.964982, "relative_strength": -21.454725, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.811244, "energy": 29.493565, "activity_lines": [ 3.404233, 3.420709, 3.450138, 3.470535 ] }, { "date": "2025-06-13", "close": 3.3205, "volume": 2080, "typical_volume": 6192.05, "trend": 3.46745, "fair_value": 3.968073, "relative_strength": -20.754316, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.052336, "energy": 38.959928, "activity_lines": [ 3.3728, 3.401473, 3.432457, 3.460755 ] }, { "date": "2025-06-20", "close": 3.24, "volume": 1117, "typical_volume": 5770.05, "trend": 3.464783, "fair_value": 3.971015, "relative_strength": -21.668321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.451755, "energy": 50.65944, "activity_lines": [ 3.325133, 3.367955, 3.409679, 3.446081 ] }, { "date": "2025-06-27", "close": 3.2, "volume": 13986, "typical_volume": 6243.8, "trend": 3.460783, "fair_value": 3.972479, "relative_strength": -22.713849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.094485, "energy": 60.418915, "activity_lines": [ 3.274567, 3.331345, 3.384424, 3.428998 ] }, { "date": "2025-07-04", "close": 3.2, "volume": 13344, "typical_volume": 6807.25, "trend": 3.452783, "fair_value": 3.973699, "relative_strength": -22.08688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.523887, "energy": 63.81412, "activity_lines": [ 3.237333, 3.300555, 3.361836, 3.412173 ] }, { "date": "2025-07-11", "close": 3.1995, "volume": 5852, "typical_volume": 6803.4, "trend": 3.443433, "fair_value": 3.97345, "relative_strength": -21.676112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.057918, "energy": 68.236589, "activity_lines": [ 3.2132, 3.273845, 3.34139, 3.395832 ] }, { "date": "2025-07-18", "close": 3.19, "volume": 7448, "typical_volume": 6843.25, "trend": 3.434433, "fair_value": 3.971173, "relative_strength": -21.152601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.457518, "energy": 69.521112, "activity_lines": [ 3.1992, 3.249591, 3.322233, 3.379482 ] }, { "date": "2025-07-25", "close": 3.1995, "volume": 3450, "typical_volume": 5979.6, "trend": 3.433083, "fair_value": 3.969711, "relative_strength": -21.63868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.044705, "energy": 64.659927, "activity_lines": [ 3.197067, 3.232327, 3.306029, 3.364325 ] }, { "date": "2025-08-01", "close": 3.082, "volume": 9847, "typical_volume": 6109.65, "trend": 3.430483, "fair_value": 3.967495, "relative_strength": -23.157112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.698454, "energy": 70.120789, "activity_lines": [ 3.158467, 3.197282, 3.280064, 3.341674 ] }, { "date": "2025-08-08", "close": 3.0405, "volume": 8681, "typical_volume": 6512.7, "trend": 3.415167, "fair_value": 3.965013, "relative_strength": -26.925536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.312708, "energy": 71.701825, "activity_lines": [ 3.1139, 3.160473, 3.251948, 3.316514 ] }, { "date": "2025-08-15", "close": 3.09, "volume": 15205, "typical_volume": 6728.45, "trend": 3.396167, "fair_value": 3.962848, "relative_strength": -27.120364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.398811, "energy": 66.723539, "activity_lines": [ 3.096467, 3.139182, 3.230543, 3.295535 ] }, { "date": "2025-08-22", "close": 3.257, "volume": 18178, "typical_volume": 7468.6, "trend": 3.376067, "fair_value": 3.961001, "relative_strength": -23.014732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.439466, "energy": 45.215713, "activity_lines": [ 3.142, 3.153873, 3.226329, 3.286557 ] }, { "date": "2025-08-29", "close": 3.2005, "volume": 1895, "typical_volume": 6894.65, "trend": 3.365417, "fair_value": 3.958289, "relative_strength": -21.301883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.833137, "energy": 32.415158, "activity_lines": [ 3.164233, 3.159445, 3.217129, 3.27523 ] }, { "date": "2025-09-05", "close": 3.3, "volume": 9157, "typical_volume": 7077.5, "trend": 3.350083, "fair_value": 3.957847, "relative_strength": -17.632616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.698069, "energy": 18.220578, "activity_lines": [ 3.219567, 3.183827, 3.218688, 3.27101 ] }, { "date": "2025-09-12", "close": 3.2, "volume": 6630, "typical_volume": 6829.3, "trend": 3.33475, "fair_value": 3.955257, "relative_strength": -21.844673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.755505, "energy": 20.775694, "activity_lines": [ 3.227033, 3.188209, 3.211771, 3.261327 ] }, { "date": "2025-09-19", "close": 3.19, "volume": 4827, "typical_volume": 7051.35, "trend": 3.319083, "fair_value": 3.953232, "relative_strength": -21.169743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.799204, "energy": 17.292843, "activity_lines": [ 3.220533, 3.190773, 3.204995, 3.251988 ] }, { "date": "2025-09-26", "close": 3.2, "volume": 3115, "typical_volume": 7181.25, "trend": 3.305083, "fair_value": 3.952274, "relative_strength": -20.75801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.619389, "energy": 15.125951, "activity_lines": [ 3.2107, 3.195327, 3.200312, 3.244305 ] }, { "date": "2025-10-03", "close": 3.289, "volume": 11495, "typical_volume": 7236.1, "trend": 3.29805, "fair_value": 3.950255, "relative_strength": -19.090951, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.750668, "energy": 5.734407, "activity_lines": [ 3.234333, 3.215882, 3.205436, 3.243268 ] }, { "date": "2025-10-10", "close": 3.21, "volume": 24782, "typical_volume": 8197.7, "trend": 3.289717, "fair_value": 3.948232, "relative_strength": -19.779192, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.367425, "energy": 7.926828, "activity_lines": [ 3.225733, 3.220445, 3.203548, 3.237587 ] }, { "date": "2025-10-17", "close": 3.1195, "volume": 72407, "typical_volume": 11674.85, "trend": 3.278367, "fair_value": 3.943745, "relative_strength": -21.96481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.737533, "energy": 18.909501, "activity_lines": [ 3.192967, 3.206227, 3.193945, 3.226605 ] }, { "date": "2025-10-24", "close": 3.01, "volume": 31485, "typical_volume": 13249.05, "trend": 3.2667, "fair_value": 3.939184, "relative_strength": -25.199517, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.307481, "energy": 40.421068, "activity_lines": [ 3.129067, 3.170664, 3.175245, 3.209291 ] }, { "date": "2025-10-31", "close": 3.022, "volume": 54525, "typical_volume": 15871.3, "trend": 3.2561, "fair_value": 3.935203, "relative_strength": -25.036935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.633476, "energy": 55.468318, "activity_lines": [ 3.081167, 3.138736, 3.15954, 3.193504 ] }, { "date": "2025-11-07", "close": 2.9005, "volume": 24903, "typical_volume": 17060.6, "trend": 3.237117, "fair_value": 3.92881, "relative_strength": -26.664346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.649476, "energy": 71.261898, "activity_lines": [ 3.004633, 3.088991, 3.133686, 3.170562 ] }, { "date": "2025-11-14", "close": 2.969, "volume": 21545, "typical_volume": 17438.55, "trend": 3.21875, "fair_value": 3.922982, "relative_strength": -26.314474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.48906, "energy": 70.376007, "activity_lines": [ 2.976833, 3.057155, 3.115971, 3.153265 ] }, { "date": "2025-11-21", "close": 2.411, "volume": 82600, "typical_volume": 20901.35, "trend": 3.1848, "fair_value": 3.913577, "relative_strength": -37.536002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.08056, "energy": 90.553174, "activity_lines": [ 2.7791, 2.929882, 3.046214, 3.101152 ] }, { "date": "2025-11-28", "close": 2.4595, "volume": 80057, "typical_volume": 24611.6, "trend": 3.152467, "fair_value": 3.904985, "relative_strength": -37.756771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.586555, "energy": 91.901898, "activity_lines": [ 2.644767, 2.825773, 2.984833, 3.054358 ] }, { "date": "2025-12-05", "close": 2.4895, "volume": 72151, "typical_volume": 27846.75, "trend": 3.119467, "fair_value": 3.897715, "relative_strength": -37.517939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.660647, "energy": 89.739556, "activity_lines": [ 2.557133, 2.7404, 2.929833, 3.011586 ] }, { "date": "2025-12-12", "close": 2.3695, "volume": 62340, "typical_volume": 30791.25, "trend": 3.085233, "fair_value": 3.888044, "relative_strength": -40.368046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.243293, "energy": 92.130356, "activity_lines": [ 2.465, 2.646127, 2.86674, 2.963201 ] }, { "date": "2025-12-19", "close": 2.4495, "volume": 30224, "typical_volume": 31810.1, "trend": 3.05355, "fair_value": 3.880267, "relative_strength": -38.691649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.319887, "energy": 82.836826, "activity_lines": [ 2.434933, 2.583118, 2.815219, 2.922186 ] }, { "date": "2025-12-26", "close": 2.37, "volume": 4826, "typical_volume": 31617.35, "trend": 3.01925, "fair_value": 3.869846, "relative_strength": -39.983085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.328197, "energy": 67.997948, "activity_lines": [ 2.413, 2.519482, 2.759138, 2.878086 ] }, { "date": "2026-01-02", "close": 2.303, "volume": 45224, "typical_volume": 33118.3, "trend": 2.982717, "fair_value": 3.857614, "relative_strength": -42.068894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.206904, "energy": 66.502683, "activity_lines": [ 2.371467, 2.457291, 2.699869, 2.831876 ] }, { "date": "2026-01-09", "close": 2.3545, "volume": 35224, "typical_volume": 33970.6, "trend": 2.950517, "fair_value": 3.84634, "relative_strength": -40.466712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.751753, "energy": 60.048658, "activity_lines": [ 2.357533, 2.417318, 2.649252, 2.791346 ] }, { "date": "2026-01-16", "close": 2.419, "volume": 7780, "typical_volume": 34264.85, "trend": 2.92315, "fair_value": 3.834099, "relative_strength": -38.144219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.54492, "energy": 57.552468, "activity_lines": [ 2.3741, 2.401209, 2.609076, 2.757055 ] }, { "date": "2026-01-23", "close": 2.4145, "volume": 5300, "typical_volume": 34072.0, "trend": 2.896967, "fair_value": 3.822959, "relative_strength": -36.655434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.901434, "energy": 52.8488, "activity_lines": [ 2.385867, 2.393036, 2.572193, 2.724239 ] }, { "date": "2026-01-30", "close": 2.37, "volume": 5778, "typical_volume": 34029.4, "trend": 2.8693, "fair_value": 3.811031, "relative_strength": -38.160775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.545182, "energy": 49.669373, "activity_lines": [ 2.385133, 2.386855, 2.535288, 2.690241 ] }, { "date": "2026-02-06", "close": 2.37, "volume": 10867, "typical_volume": 34331.4, "trend": 2.84165, "fair_value": 3.797973, "relative_strength": -37.454156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.774243, "energy": 43.046635, "activity_lines": [ 2.3844, 2.381418, 2.502336, 2.658028 ] }, { "date": "2026-02-13", "close": 2.36, "volume": 6257, "typical_volume": 34488.5, "trend": 2.813983, "fair_value": 3.784223, "relative_strength": -35.893784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.015811, "energy": 42.313307, "activity_lines": [ 2.375867, 2.375791, 2.472336, 2.626954 ] }, { "date": "2026-02-20", "close": 2.34, "volume": 14093, "typical_volume": 34618.4, "trend": 2.785333, "fair_value": 3.772229, "relative_strength": -37.341885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.773445, "energy": 53.45165, "activity_lines": [ 2.3603, 2.368882, 2.444431, 2.596374 ] }, { "date": "2026-02-27", "close": 2.25, "volume": 37119, "typical_volume": 35235.25, "trend": 2.7576, "fair_value": 3.759029, "relative_strength": -39.482829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.385689, "energy": 75.726507, "activity_lines": [ 2.32, 2.346145, 2.412474, 2.561837 ] }, { "date": "2026-03-06", "close": 2.22, "volume": 53381, "typical_volume": 34283.95, "trend": 2.73025, "fair_value": 3.746893, "relative_strength": -34.963511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.782142, "energy": 80.168921, "activity_lines": [ 2.280667, 2.321582, 2.382231, 2.527153 ] }, { "date": "2026-03-13", "close": 2.09, "volume": 16923, "typical_volume": 33555.85, "trend": 2.696917, "fair_value": 3.734928, "relative_strength": -37.859789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.224651, "energy": 91.129092, "activity_lines": [ 2.208, 2.276109, 2.34389, 2.485846 ] }, { "date": "2026-03-20", "close": 2.0, "volume": 29052, "typical_volume": 32282.2, "trend": 2.655017, "fair_value": 3.721382, "relative_strength": -38.469882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.672219, "energy": 92.974469, "activity_lines": [ 2.124, 2.218145, 2.30136, 2.440884 ] }, { "date": "2026-03-27", "close": 2.049, "volume": 7435, "typical_volume": 31408.8, "trend": 2.616633, "fair_value": 3.708275, "relative_strength": -36.474591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.101284, "energy": 87.314325, "activity_lines": [ 2.080333, 2.175536, 2.268362, 2.401786 ] }, { "date": "2026-04-03", "close": 2.1385, "volume": 35379, "typical_volume": 32100.5, "trend": 2.577917, "fair_value": 3.694612, "relative_strength": -35.596181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.539669, "energy": 64.746633, "activity_lines": [ 2.0859, 2.155927, 2.247943, 2.370939 ] }, { "date": "2026-04-10", "close": 2.06, "volume": 65760, "typical_volume": 31258.5, "trend": 2.539917, "fair_value": 3.680572, "relative_strength": -39.122253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.997856, "energy": 58.650525, "activity_lines": [ 2.072733, 2.127064, 2.224002, 2.337525 ] }, { "date": "2026-04-17", "close": 2.04, "volume": 32433, "typical_volume": 28877.3, "trend": 2.501583, "fair_value": 3.666654, "relative_strength": -39.614307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.817961, "energy": 53.844994, "activity_lines": [ 2.063567, 2.1002, 2.199829, 2.305272 ] }, { "date": "2026-04-24", "close": 1.98, "volume": 58600, "typical_volume": 28199.75, "trend": 2.460917, "fair_value": 3.652352, "relative_strength": -37.814634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.965861, "energy": 51.567303, "activity_lines": [ 2.037733, 2.068427, 2.171938, 2.271622 ] }, { "date": "2026-05-01", "close": 1.94, "volume": 2331, "typical_volume": 25199.3, "trend": 2.41595, "fair_value": 3.637919, "relative_strength": -38.417978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.303036, "energy": 54.188835, "activity_lines": [ 1.9999, 2.036291, 2.142664, 2.238014 ] }, { "date": "2026-05-08", "close": 1.8, "volume": 79384, "typical_volume": 27657.3, "trend": 2.36895, "fair_value": 3.62309, "relative_strength": -42.22946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.589098, "energy": 58.943132, "activity_lines": [ 1.922667, 1.985973, 2.102102, 2.198275 ] }, { "date": "2026-05-15", "close": 1.68, "volume": 43847, "typical_volume": 29608.35, "trend": 2.320967, "fair_value": 3.607493, "relative_strength": -44.366985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.823508, "energy": 69.033156, "activity_lines": [ 1.828, 1.922018, 2.053205, 2.153827 ] }, { "date": "2026-05-22", "close": 1.5, "volume": 180260, "typical_volume": 36360.15, "trend": 2.270633, "fair_value": 3.591243, "relative_strength": -50.45242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.678769, "energy": 81.389429, "activity_lines": [ 1.698667, 1.835155, 1.99045, 2.100861 ] }, { "date": "2026-05-29", "close": 1.25, "volume": 180063, "typical_volume": 43602.1, "trend": 2.211567, "fair_value": 3.572387, "relative_strength": -58.748296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.628876, "energy": 92.830182, "activity_lines": [ 1.522, 1.713564, 1.90771, 2.035014 ] }, { "date": "2026-06-05", "close": 1.16, "volume": 62899, "typical_volume": 46358.05, "trend": 2.15355, "fair_value": 3.552829, "relative_strength": -60.881544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.329641, "energy": 94.819999, "activity_lines": [ 1.364, 1.589245, 1.821657, 1.967171 ] }, { "date": "2026-06-12", "close": 1.05, "volume": 32111, "typical_volume": 47698.6, "trend": 2.089583, "fair_value": 3.532314, "relative_strength": -64.613312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.672551, "energy": 94.7784, "activity_lines": [ 1.221333, 1.461091, 1.731124, 1.895974 ] }, { "date": "2026-06-19", "close": 1.1, "volume": 46700, "typical_volume": 49744.7, "trend": 2.045883, "fair_value": 3.5135, "relative_strength": -63.254011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.914152, "energy": 90.710476, "activity_lines": [ 1.145333, 1.361818, 1.65185, 1.83213 ] }, { "date": "2026-06-26", "close": 1.06, "volume": 1921, "typical_volume": 49297.4, "trend": 1.999233, "fair_value": 3.494431, "relative_strength": -63.950315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.683394, "energy": 89.746946, "activity_lines": [ 1.094667, 1.272727, 1.574814, 1.768525 ] }, { "date": "2026-07-03", "close": 1.02, "volume": 28657, "typical_volume": 50417.4, "trend": 1.95025, "fair_value": 3.474602, "relative_strength": -65.273278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.826299, "energy": 89.105289, "activity_lines": [ 1.06, 1.194182, 1.500207, 1.705348 ] }, { "date": "2026-07-10", "close": 1.0, "volume": 72252, "typical_volume": 53325.35, "trend": 1.9046, "fair_value": 3.455273, "relative_strength": -64.312661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.598495, "energy": 87.814505, "activity_lines": [ 1.034, 1.129455, 1.430076, 1.644042 ] }, { "date": "2026-07-17", "close": 1.0, "volume": 35785, "typical_volume": 53258.65, "trend": 1.856283, "fair_value": 3.435945, "relative_strength": -63.137949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.186538, "energy": 80.543292, "activity_lines": [ 1.018667, 1.081818, 1.366326, 1.585681 ] }, { "date": "2026-07-24", "close": 0.92, "volume": 219698, "typical_volume": 61574.5, "trend": 1.80795, "fair_value": 3.415475, "relative_strength": -65.899256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.660309, "energy": 84.159076, "activity_lines": [ 0.98, 1.034182, 1.30091, 1.525275 ] }, { "date": "2026-07-31", "close": 0.945, "volume": 46177, "typical_volume": 63037.2, "trend": 1.762683, "fair_value": 3.394915, "relative_strength": -64.477249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.628307, "energy": 67.986286, "activity_lines": [ 0.961667, 1.004909, 1.244064, 1.469601 ] }, { "date": "2026-08-07", "close": 1.0, "volume": 59048, "typical_volume": 64537.0, "trend": 1.717533, "fair_value": 3.375586, "relative_strength": -62.303732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.444907, "energy": 66.164604, "activity_lines": [ 0.969333, 0.995727, 1.19791, 1.420396 ] } ], "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." } } }